Trump Admits U.S. Was Weeks Away From “Running Out Of Reserves” When Iran Deal Struck
June 17th, 2026“It’s all fun and games as long as the U.S. and China keep releasing oil from their reserves…”
—Why Aren’t Oil Prices Higher?
And what is this alleged deal?
I haven’t posted about any deal between the U.S. and Iran, because no details have been released. Update/Just released: Full Text “Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran”
Via: ZeroHedge:
President Trump’s comment at the tail end of the G7 press conference about rapidly depleting crude reserves may have been the clearest admission yet of what is really driving the urgent push for an MoU with Iran to reopen the Strait of Hormuz.
“We run out of reserves in about four weeks,” Trump told reporters.
Trump said the world would have run out of oil reserves in 4 weeks, put pressure for a peace agreement.
Leak: OpenAI $38.5 Billion Net Loss [???]
June 16th, 2026Via: Runtime Wire:
Sam Altman (@sama)’s OpenAI lost $38.53 billion attributable to the company in 2025, according to audited financial documents viewed by Ed Zitron and independently verified by the Financial Times, a set of figures that an Ars Technica story pushed into broader circulation Tuesday.
The documents themselves are not public. But the reported figures are specific enough to cut through the abstraction that has defined the AI financing cycle: OpenAI generated $13.07 billion in revenue in 2025, incurred $34 billion in total costs and expenses, and posted a $20.92 billion loss from operations, according to Zitron’s account of the statements. The same documents put the net loss attributable to OpenAI at $38.53 billion after a larger $60.35 billion net loss was reduced by losses attributed to noncontrolling interests.
For Altman, the former Y Combinator president who became OpenAI’s CEO in 2019, the leak lands at the precise moment his company is trying to convert the largest private AI funding story into a public-markets story. OpenAI said on June 8 that it had confidentially submitted a draft S-1 to the SEC, adding that it expected the filing to leak and had not decided when to go public.
Related: SpaceX, Anthropic and OpenAI IPO Bag Holders – You Might Become One of Them
SpaceX to Acquire Cursor for $60B
June 16th, 2026Via: TechCrunch:
SpaceX has agreed to acquire AI coding startup Cursor in a $60 billion stock deal, just a few days after the space company’s historic IPO and less than two months after announcing a tie-up between the two.
The deal is meant to help SpaceX’s AI division — built around Elon Musk’s AI company xAI, which SpaceX merged with earlier this year — catch up to the major AI labs.
SPLC Boss Funneled $1.2 million to Lover in Neo-Nazi Group – Pair Had Joint Bank Account
June 16th, 2026Via: New York Post:
A top Southern Poverty Law Center official is accused of helping funnel $1.2 million in donor money to an informant in the National Alliance white supremacist group — who was also allegedly her lover.
The Department of Justice filed a superseding indictment against the SPLC accusing it of funneling donor cash to hate groups they were then telling donors they were fighting.
One figure, referred to as “Employee-2” in the indictment, is described as a “person who would become Director of the SPLC’s Intelligence Project.”
For the Children: Britain Forces Age Verification to Access Social Media
June 16th, 2026What’s next? Identity checks to use VPNs?
Via: Reason:
Regardless of how the ban will be enforced, one thing is certain: It will come at the expense of the privacy of all British internet users. The government cannot ban children from social media without asking everyone else to prove they are not children. Ofcom, Britain’s communications regulator, says in its own guidance under the Online Safety Act that age checks can include facial age estimation, open banking, digital identity services, credit card checks, email-based age estimation, mobile network checks, and photo-ID matching.
CDC Awards Pfizer $1.24 Billion for COVID Vaccines for Kids and Adults
June 16th, 2026So it goes…
Via: The Defender:
The Centers for Disease Control and Prevention’s (CDC) recent decision to award Pfizer $1.24 billion for COVID-19 vaccines has renewed debate over the government’s continued investment in mRNA technology.
The contracts, awarded on June 1, include about $735.7 million for pediatric COVID-19 vaccines and nearly $505.3 million for adult doses for fiscal year 2026-2027.
Related: Documents Suggest Fauci Knew COVID Was Created in Wuhan Lab, and mRNA Vaccines Wouldn’t Work
Feds Reveal Details of Alleged Plot to Attack White House UFC Event with Explosive Drones
June 16th, 2026After reading the criminal complaint against Tycen Proper, my guess is that the entire operation was run as a PSYOP by the U.S. Government.
When the complaint says that Proper, “Met random people online,” to plan this alleged attack, it’s safe to assume that some number of those “random people” were FBI agents seeking useful idiots to stand up this totally absurd kabuki theater.
Conveniently and coincidentally, the plotters were Christians, concerned with AI data centers, the handling of the Epstein files and Israeli influence of U.S. politics.
Yes, really.
I have no idea if any attack was actually meant to be carried out, or not. It might be the case that simply hanging the desired narrative on this group of dunces was sufficient.
According to the criminal complaint, Tycen Proper’s mother called local law enforcement, “Due to his recent conduct, including firearms purchases and communicating with certain individuals online.”
However, I would put the chances that the Feds were not only aware of this group, but running it, at approximately 100%.
Via: CBS:
The FBI said Tuesday that it disrupted an attempt to attack Sunday’s UFC America 250 event at the White House. Court records detail an alleged plot to use small drones carrying explosives and then snipers to target senior government officials and wealthy attendees.
A law enforcement source told CBS News that five people are in custody so far. At least one suspect, 19-year-old Tycen Proper, was arrested in the Southern District of Ohio on Monday and faces four charges, including attempted murder of a federal officer and conspiracy to commit an offense against the U.S., according to court filings.
He has been ordered to remain in custody pending a detention hearing Wednesday, according to court records.
Proper was interviewed by federal investigators on Thursday and admitted to planning, with others, a coordinated attack against the U.S. government during the UFC fight on Sunday, according to an affidavit submitted by an FBI agent.
The White House hosted the event on Sunday — President Trump’s 80th birthday — as part of the celebrations of the nation’s 250th anniversary. Thousands turned out to watch the fights on the White House South Lawn, where Mr. Trump sat in the front row.
Copper Drug Restores Memory and Clears Toxic Alzheimer’s Proteins
June 15th, 2026Via: Monash University:
Monash University researchers have found in laboratory experiments that a drug which delivers copper to the brain significantly reduces toxic Alzheimer’s proteins and improves long-term spatial memory.
The study, published today in the journal ACS Chemical Neuroscience, shows the compound Cu(ATSM) repairs a vital waste-clearing pump at the blood-brain barrier – unlocking a potential new avenue of therapeutics targeting neurovascular dysfunction, caused by one of the world’s leading causes of death.
Alzheimer’s is driven by the buildup of toxic proteins called amyloid-beta. Normally, the brain flushes these out into the bloodstream through the blood-brain barrier. In Alzheimer’s, the pumps doing the heavy lifting, called P-glycoprotein (P-gp), weaken significantly, clogging the drain and trapping the toxic proteins in the brain.
Lead author Dr Jae Pyun, from the Drug Delivery, Disposition and Dynamics theme at Monash Institute of Pharmaceutical Sciences (MIPS), whose work on the study marked the final part of his PhD project, said the treatment successfully engages the brain’s blood vessels to lower toxic protein levels, which results in behavioural benefits.
“This is the first study to show that Cu(ATSM) can increase the abundance of P-gp clearance pumps in an Alzheimer’s model, by 24.1 per cent, effectively linking the repair of the blood-brain barrier to a reduction in toxic proteins and improved cognitive function,” Dr Pyun said.
“By improving the pumps, the brain can finally clear out the trapped waste. Over 56 days, the treatment reduced toxic amyloid-beta by 42 per cent and improved spatial learning by nearly 44 per cent.”
Richard Dolan on Latest U.S. Government Limited Hangout UFO Information Release
June 13th, 2026Someone asked if I’d lost interest in UFOs because I didn’t seem to be posting much about it.
I’m still interested in the topic and follow news closely, but what I’m not interested in is the absurd limited hangout wrapper that the U.S. Government is placing around the topic.
Read books like, Incident at Devils Den: A True Story by Terry Lovelace or, The THREAT: Revealing the Secret Alien Agenda by David M. Jacobs.
I’ve also personally witnessed the phenomenon. It’s not important at all that you believe me or not. The point is that it’s a waste of time for me to read whatever the U.S. Government is willing to admit in these official releases. Accounts of lights-in-the-sky type stuff. haha I’ve been WAAAAAY beyond that point since the mid 1980s.
Richard Dolan is willing to treat the government releases seriously, if that’s where you are in your journey on this topic.
Via: Richard Dolan:
Related: Grusch Again Says He Saw UFO Crash Retrieval Photos
Cryptocurrency Miners Go Back to GPUs… for AI
June 13th, 2026AI companies buy up nearly all the GPUs, RAM and SSDs: Check
Crypto miners turn to renting rigs for AI, buying up what remains of “consumer” grade equipment: Check
People who mostly hate AI, and try to avoid it, pay a lot more for a lot less when trying to purchase a computer: Check
Six months ago, a client asked me if a Lenovo laptop was a good deal (AMD/32GB/1TB/5060/OLED). I told her that it was a remarkably good deal and that the same system would cost probably NZ$1000 more within a few months. She bought two of them.
She called me last week saying she needed another one of those laptops. The same exact machine was on sale again… for NZ$960 more than what she previously paid.
I didn’t post this video earlier because it’s extremely long, but the point here is that ability of regular people to build and own powerful computers is slipping away. If you go shopping for a relatively powerful computer and wonder what happened to prices, you’re being forced to participate in a bum fight for the scraps the AI companies left behind:
This doesn’t just refer to computers that are capable of being used for audio and video production, streaming, gaming, design, animation, etc.
There’s another reason why powerful equipment is now so unaffordable…
I think the goal is to lock individuals and companies in to paying high monthly fees for AI services by making it mostly impossible to be able to build out AI systems that run locally and privately for a fraction of the cost of what the big AI companies are charging.
I was thinking about trying Claude for a project and I was met with a prompt to enter my mobile phone number. Not optional.
Of course.
*groan*
So, to sum up the options for using powerful AI right now:
* Submit to total surveillance and high monthly fees for access to a state of the art model—which isn’t sustainable at all and will eventually go away, which is why I wanted to try it before it’s over/unattainable.
* Be prepared to shell out the cost of a nice used car to build your own rig that wouldn’t be as good as top offerings, but might be good enough for you. Maybe you care more about privacy than top performance…
* Pay fees to rent someone else’s rig, like in the video below.
I guess there’s another option: Wait until the bubble bursts and then drive forklifts to defunct data centers to harvest tons of GB300s for pennies on the dollar? 🙂
As always, happy computing!
Via: The Hobbyist Miner:
