Author: nick

In one of the scariest moments in modern history, we’re doing our best at ScheerPost to pierce the fog of lies that conceal it but we need some help to pay our writers and staff. Please consider a tax-deductible donation. ScheerPost Staff Donald Trump’s high‑stakes trip to Beijing has produced one of the most lopsided diplomatic spectacles in recent memory. As U.S. intelligence quietly concludes that China has emerged from the Iran war stronger than ever, Trump arrives in Beijing weakened, isolated, and visibly desperate for an economic lifeline. Breaking Points captures the surreal optics: Trump lavishing praise on…

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The security intelligence research firm said North Korean-state-backed hackers account for 76% of all crypto scam and hack losses in 2026 and have stolen $6 billion since 2017. What to know: North Korean state-backed hackers, mainly the DPRK and Lazarus groups, are blamed for about 76% of global crypto hack losses in 2026, or nearly $600 million, bringing their total haul since 2017 to more than $6 billion. TRM Labs says these hackers are becoming more precise and faster, using tactics that now include months-long, in-person social engineering campaigns like the Drift Protocol exploit and sophisticated key compromises such as…

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In one of the scariest moments in modern history, we’re doing our best at ScheerPost to pierce the fog of lies that conceal it but we need some help to pay our writers and staff. Please consider a tax-deductible donation. Joshua Scheer Donald Trump didn’t arrive in Beijing as the leader of a confident superpower. He arrived like a salesman carrying a collapsing empire on his back — flanked not by diplomats or peace negotiators, but by Silicon Valley monopolists, Wall Street vultures, and billionaire oligarchs desperate to keep their fortunes alive. Elon Musk. Jensen Huang. Larry Fink. Tim…

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U.S. import prices rose by 4.2 percent year-over-year this April, per the Bureau of Labor Statistics’s Import and Export Price Indexes report Thursday morning. This is the highest year-over-year (YOY) increase since October 2022. Fuel import prices increased 16.3 percent in April for the month, following a 10 percent increase in March, as the war in Iran continues. Over a 12-month period, petroleum import prices increased by 22 percent. Export prices rose similarly for the month of April, with an increase of 3.3 percent over the month and 8.8 percent YOY. This is the highest YOY increase since September 2022.…

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Flooded farmland, Knappa, Oregon. Photo: Jeffrey St. Clair. The Federal Emergency Management Agency (FEMA) Review Council finally released its recommendations last week, and they were a mix of what most close followers of the agency were expecting, with some surprises. As expected, the recommendations aim to put more responsibilities on states, localities, and tribal governments, with FEMA taking a supporting role. There were also statements about “spending transparency” and “accountability.” At one point, former Mississippi governor Phil Bryant said the council would like to transform FEMA into a “lean organization” that supports Americans first. More concerning statements involved further leveraging…

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Q: Has President Trump asked for a billion dollars for the ballroom? A: Since the White House announced plans in July for a ballroom, the president has promised to fund its construction without using public money. But in May congressional Republicans proposed $1 billion in federal funding for “security adjustments and upgrades” including at the White House and the ballroom site. FULL ANSWER President Donald Trump has claimed that the new White House ballroom would be privately funded, using “not one dime of government money.” But Republicans in Congress have proposed $1 billion in public funds for “security” features, prompting criticism…

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