Thursday, August 20, 2026

ROHINGYA MASUK, SEKARANG GILIRAN JORDANIAN PULA MASUK. SIAPA TUTUP MATA SEBELAH?

 

Thursday, August 20, 2026

ROHINGYA MASUK, SEKARANG GILIRAN JORDANIAN PULA MASUK. SIAPA TUTUP MATA SEBELAH?

 


  • Cops save 17 Jordanian child beggars during raids in KL
  • Children were believed to have been trafficked by a syndicate.
  • Children saved during 13 raids around Bukit Bintang and Chow Kit
  • Eight boys and nine girls aged between three months and 14 years. 
  • Daily collection estimated at RM500 to RM1,000

  • The group is believed to be a syndicate led by Jordanians
  • police arrested 15 other people, believed to be Jordanians
  • Five of them failed to produce valid travel documents.
  • They entered Malaysia on social visit passes 
  • which allowed them to stay for 90 days.
  • The suspects – seven men and eight women, aged 21 to 49 
  • confiscated 14 handphones, 32 Jordanian passports, four strollers, cash 

MY COMMENTS: Tak masuk akal-lah. Macam mana boleh ada baby  aged between three months  boleh jadi beggar pula? Mesti ada ibu yang jaga baby tiga bulan? Jadi yang jadi beggar adalah si ibu.   

Polis kata syndicate terlibat. Kalau ada syndicate mesti ada connection depa dalam negara. Serupa sindiket yang bawa masuk Rohingya. Sindiket Rohingya mesti ada connection dalam negara.  Takkan 200,000 Rohingya boleh tembus sempadan negara dengan sendiri? Tanpa bantuan orang dalam? 

Sekali lagi mesti ada pengkhianat yang menjual negara sendiri. Untuk sedikit untung. Sekali lagi mesti ada Si Kitol mengkhianati kaumnya sendiri untuk kepentingan peribadi. Nak takut apa? Kalau kena tangkap pun, mana tahu, kalau timing elok, boleh terlepas. Boleh DNAA. Atau mungkin NFA. Malaysia boleh. 

The Question Of Siapa Tipu Siapa?

 

Thursday, August 20, 2026

The Question Of Siapa Tipu Siapa?

 

Please read my comments after this.


My Comments:

Saya pernah melihat beberapa versi poster “Tipu Melayu” ini beredar dalam WhatsApp. Saya sama sekali tidak bersetuju dengan mesej yang cuba disampaikan di sini. Sama ada berlaku tipu atau tidak, ia tidak bergantung kepada sama ada semua orang yang disenaraikan di situ ialah orang Melayu atau bukan Melayu.

Persoalannya begini — katakanlah SEMUA orang yang disenaraikan di atas itu bukan Melayu. Apakah itu bermakna orang Melayu tidak akan kena tipu lagi?

Sama ada berlaku tipu atau tidak, ia juga tidak bergantung jika Melayu atau bukan Melayu yang memegang jawatan-jawatan penting dalam negara seperti Ketua Polis, Ketua Hakim, Perdana Menteri dan sebagainya.

Sama ada berlaku tipu atau tidak bergantung kepada orang Melayu sendiri. Tidak boleh dinafikan, memang akan sentiasa ada orang yang mahu menipu orang lain — tidak kira mereka Melayu, Cina, India, Dayak dan sebagainya.

Tetapi yang lebih penting, untuk menyelamatkan orang Melayu daripada kena tipu — bergantung kepada orang Melayu yang lain, yang bukan penipu, yang rela untuk bangun tidur dan melakukan sesuatu terhadap mereka yang menipu mereka.

Jika orang Melayu yang bukan penipu boleh mula bersuara, menjerit dan membantah setiap kali ada orang cuba menipu mereka, maka segala kegiatan tipu-menipu ini tidak akan berlaku lagi.

Tetapi jika orang Melayu terus berdiam diri dan tidak banyak membuat aduan, maka sudah tentulah kaki penipu akan berdiri di atas bahu anda dan kencing di atas kepala anda. Itu memang akan berlaku. Correction:  Itulah yang sedang berlaku sekarang.

Kita telah menukar kerajaan EMPAT KALI dalam tempoh LAPAN TAHUN. Tetapi adakah kegiatan menipu sudah berhenti?  

TIDAK. No way Jose! Ia belum berhenti.

Kenapa tidak berhenti?  

Ada beberapa sebab. Antara sebab yang paling besar ialah kerana terdapat undang-undang di negara ini yang menghalang orang Melayu dan orang lain daripada bersuara tanpa rasa takut. Ini termasuk Akta Hasutan, Akta MCMC, beberapa bahagian dalam Kanun Keseksaan dan sebagainya, akta-akta fitnah (libel, slander, defamation act) serta pelbagai Enakmen Jenayah Syariah yang menyebabkan orang ramai tidak dapat bercakap dengan bebas.

Orang Melayu, lebih daripada kaum lain kerana mereka adalah majoriti, mesti menuntut supaya undang-undang yang tidak diperlukan ini dimansuhkan. Undang-undang zaman kuno ini memang tidak berguna lagi bagi kita. Sama ada abolish them ataupun akta-akta kuno seperti ini perlu dipinda dengan secara drastic. 

Bebaskan ruang untuk wacana awam yang menyeluruh dan terbuka mengenai apa sahaja perkara atau masalah untuk dibincangkan tanpa rasa takut akan ditangkap hanya kerana anda bercakap dengan membuka mulut.

Bagaimana pula bercakap dengan mulut sendiri boleh menjadi satu jenayah?  

Orang Melayu mesti memahami bahawa cara paling mudah untuk MENIPU sesuatu kaum atau masyarakat ialah dengan menghalang mereka daripada bercakap secara bebas.

Saya rasa amat malu bahawa walaupun kita hidup dalam abad ke-21, sebahagian undang-undang negara kita masih kuno dan berzaman batu seperti negara-negara miskin tahun 50an dan 60an.  Atau serupa negara-negara Arab zaman sekarang. 

Jika mereka boleh control kebebasan rakyat untuk bersuara pasti mereka akan control satu negara dan masyarakat.  Kemudian kaki penipu boleh menipu sesiapa sahaja yang mereka mahu. Thats how it works.

Sebab itulah, walaupun kerajaan telah bertukar EMPAT KALI dalam LAPAN TAHUN, poster TIPU MELAYU ini masih beredar.

Surah Ar-Ra‘d, 13:11 :

إِنَّ اللَّهَ لَا يُغَيِّرُ مَا بِقَوْمٍ حَتَّىٰ يُغَيِّرُوا مَا بِأَنفُسِهِمْ

“Sesungguhnya Allah tidak mengubah keadaan sesuatu kaum sebelum mereka mengubah keadaan diri mereka sendiri.”

So Malay people, please bangun tidur.

Has Anwar Traded Malaysia’s Principles for Beijing’s Favour?

 

Dennis Ignatius

 

~ Provoking discussion, dissent & debate on politics, diplomacy, human rights & civil society.

Has Anwar Traded Malaysia’s Principles for Beijing’s Favour?

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, , , ,

Dennis Ignatius | Kuala Lumpur | Wednesday, 19th August 2026


[1] Has Anwar Ibrahim lost his objectivity when it comes to China? That is the uncomfortable question raised by his recent remarks on Taiwan. Asked whether China should be condemned if it resorted to force should peaceful reunification fail, Anwar said he too would use force to prevent a province from breaking away. Whether intended or not, his remarks were widely seen as an endorsement of the use of force to settle the Taiwan issue.

[2] Many countries, including Malaysia, recognise the People’s Republic of China and adhere to some form of the One-China policy. But very few countries have gone so far as to say that military force would be justified. Recognising China’s position on Taiwan is one thing; legitimising military force to impose that position is quite another.

[3] The remarks have, not surprisingly, attracted considerable scrutiny and much alarm in Taiwan, a province with which we have long enjoyed close and cordial relations. But the issue goes beyond Taiwan. It raises a more fundamental question about the principles guiding Malaysian foreign policy — and whether they are being applied consistently.

[4] China, of course, is an important neighbour and a key economic partner. Every Malaysian prime minister has had to walk a fine line between maintaining good relations with Beijing and dealing with China’s increasingly assertive behaviour in the South China Sea. That is the sensible course for a relatively small country like Malaysia.

[5] But good relations with China do not require us to abandon one of the cardinal principles of Malaysian foreign policy — that disputes should be resolved peacefully. That is not merely a Malaysian principle; it is a bedrock principle of ASEAN. Take that away — as Anwar now seems to have done — and we risk greater instability and big-power confrontation in the region, something we have spent decades trying to avoid.

[6] Let’s not forget that Malaysia has itself been on the receiving end of persistent Chinese pressure in the South China Sea over islands and maritime features that Malaysia regards as sovereign territory but which China claims as its own. We have responded with considerable restraint — through diplomatic protests, negotiations and the quiet assertion of our rights. That is wise. But we should have no illusions that China has simply chosen, for now, not to press its claims against Malaysia with the same intensity with which it has pursued them against the Philippines.

[7] But what if China decides in the future to use force against Malaysia to recover these territories, just as it has used increasingly coercive measures against the Philippines? Would Anwar then accept that China was justified because Beijing regards these territories as an integral part of China? Or would Malaysia suddenly rediscover the principle that disputes must be resolved peacefully?

[8] That is not a fanciful question. It is precisely why we should be very careful about endorsing a principle for Taiwan that we might bitterly regret if China were ever to apply the same logic to Malaysian territory and waters.

[9] Has Anwar also thought through what a violent takeover would actually mean for the 23 million people of Taiwan, the casualties, the displacement, the destruction? It would be an unmitigated disaster, and one that could trigger a much wider confrontation involving the United States and other regional powers, with consequences for trade, shipping, investment and supply chains throughout Southeast Asia. Malaysia would not be insulated from the resulting mayhem.

[10] Anwar’s remarks may have been intended to demonstrate solidarity with China. But viewed from Malaysia’s own bilateral interests and from the wider regional perspective, they represent a dangerous departure from the careful balance successive governments have maintained.

[11] We can recognise China’s One-China policy without endorsing war. We can oppose Taiwan independence without declaring military coercion legitimate. And we can maintain good relations with China without compromising principles that are vital to Malaysia’s own security, including the principle that disputes — whether over Taiwan, the South China Sea or anywhere else — must be resolved peacefully. That is the position that best protects Malaysia’s sovereignty, our regional stability and our freedom to chart our own course. And it is the most constructive role we can play on the critical issue of China-Taiwan relations.

Australia ‘outraged’ as Israel rejects Zomi Frankcom criminal investigation while ambassador decries ‘haters’





Australia ‘outraged’ as Israel rejects Zomi Frankcom criminal investigation while ambassador decries ‘haters’


Israeli government decides not to pursue criminal proceedings over 2024 triple drone strike that killed Australian aid worker and six others


Tom McIlroy and Josh Butler
Thu 20 Aug 2026 16.11 AEST



Australia’s federal government has expressed “outrage” over the Israel Defense Forces decision not to open a criminal investigation into Gaza strikes that killed aid worker Zomi Frankcom and six of her colleagues.

Israel’s ambassador to Australia, Hillel Newman, who was called in for formal talks on Thursday, offered no concession, insisting the process was appropriate while refusing to apologise for the death of the Australian and her six humanitarian worker colleagues, citing legal implications.


“There are a lot of haters of Israel in Australia,” Newman said as he left Parliament House. “We have seen this time and time again.”

“A court came to decision that there’s no criminal liability, so we’re not going to lynch people on the streets, no.”


Israel admits its soldiers fired at car in which Hind Rajab was killed

Read more


In parliament, the prime minister, Anthony Albanese, slammed the decision.

“Israel’s decision to close their investigation without criminal proceedings is an outrage and it falls far short of the accountability that we expect and consistently called for on behalf of Australia,” he said.

“The Australian government will not stop pressing Israel for justice for Ms Frankcom and her colleagues.”

In a statement released on Thursday, the foreign affairs minister, Penny Wong called the timing of the decision not to open a criminal investigation, on World Humanitarian Day, “especially insulting”.


Wong 'outraged' at Israeli decision to not criminally investigate Zomi Frankcom killing – video

In addition to calling in Newman, Wong directed Australia’s ambassador to Israel, Neil Hawkins, “to convey our views directly to Israel as the Australian government considers next steps”.

The April 2024 strike hit a convoy of World Central Kitchen vehicles, killing seven humanitarian workers from the US-based aid group, which has distributed food in Gaza throughout the war.

The aid group said it had coordinated with the military over the movement of its cars. The vehicles, which had the group’s logo on their roofs visible from the air, were left incinerated and mangled, indicating a series of targeted strikes.Sign up for the Breaking News Australia email

The IDF said on Wednesday it had mistaken several individuals in the vehicles for armed Hamas military operatives, and that the convoy deviated from the previously coordinated route. It concluded that “the decisions of the commanders did not raise reasonable suspicion of criminal misconduct”. Two officers were removed from their positions at the time and three others reprimanded.

One of those killed in the strike was Frankcom, an Australian aid worker.

The Australian government has previously called the deaths a “tragedy and an outrage” and pressed for full accountability and “any appropriate criminal charges”. In February the Australian prime minister, Anthony Albanese, said he had made it clear to Israel and its president, Isaac Herzog, that Australia expected transparency about Israel’s investigation into the incident.



Australian aid worker killed by Israeli airstrike in Gaza


“Australia is outraged the Israeli Government has decided not to pursue criminal proceedings against those responsible for killing Zomi Frankcom and her World Central Kitchen colleagues,” Wong said in a statement.


“The Australian government learned of Israel’s decision late last night, moments before it was announced, on World Humanitarian Day – which is especially insulting to Zomi’s loved ones, humanitarians and all Australians.

“Zomi represented the best of Australia. Her courage deserves to be celebrated. Her family deserves justice.”

Wong said the move “falls far short of the accountability we expect” and that she would consider further action after speaking with Frankcom’s family.

Wong said it was “a difficult time” in Australia’s relationship with Israel.

“This is despite Israel Defense Forces admissions that the IDF strikes on Zomi and her colleagues’ vehicles were the result of serious failures to follow IDF procedures, mistaken identification and errors in decision-making.”

This was confirmed by the special adviser Air Chief Marshal Mark Binskin’s report, Wong said.

“Democracies seek and accept higher standards. The Australian Government will not stop pressing Israel for justice for Zomi and her colleagues.”

Newman said the investigators had found no criminal liability by the soldiers involved. Israel has refused to release audio from drone footage of the attack, including to assist Binskin’s investigation.

“Criminal liability, even if there are failures in the process, it doesn’t mean that the person had intention or that there is any criminal responsibility for the action.”

He said the convoy had not told Israeli authorities that armed personnel were onboard or that it was changing its planned route and departure time.

“All these circumstances, conditional aspects, led the soldiers at the time to believe that this convoy had been taken over and controlled by Hamas, and they opened fire.

“It was a mistake in retrospect, but the findings of the court are that there was no criminal intention, there was no intention to hit at aid workers, and therefore there is no criminal responsibility.”

He expressed sorrow and grief to Frankcom’s family, but said there were failures “on both sides”.

“There were mistakes made by the convoy, but there were mistakes made by Israel.

“The important issue is that there was no intention to kill innocent people. There was a true belief that Hamas had taken control of the convoy, and therefore there is no criminal liability.”

World Central Kitchen said it strongly disagreed with Israeli officials’ account of the airstrikes and their decision not to pursue a criminal investigation.

“There has never been any excuse or justification for the attacks, and there is nothing in this account that does so. The decision is inconsistent with the full truth and deeply offensive,” it said in a statement.

“At the time of the lethal attacks, the IDF knew that our team in Gaza was unarmed and posing a threat to nobody. It had full visual clarity on our clearly marked humanitarian vehicles during the extended, multiple airstrikes. It knew our team’s movements, identities and activities in advance.”


Mass slaughter in Gaza stands apart from other genocides, Chris Sidoti says: ‘People cannot escape’

Read more



The former human rights commissioner Chris Sidoti said the federal government should send Newman home.

Sidoti was a member of the United Nations Independent International Commission of Inquiry on the Occupied Palestinian Territory, including East Jerusalem, and Israel.

“The minister, when she sees the ambassador, should tell him that he’s going home. I don’t support breaking diplomatic relations with Israel. I don’t support the closing of embassies, but this bloke is clearly an unacceptable representative.”

The Greens leader, Larissa Waters, demanded Israel’s government be hit with new sanctions.

“The Australian government sending some strongly worded statements has meant nothing,” she told ABC radio. “Now it is time that the Australian government puts on sanctions against the state of Israel and stops sending weapons parts to this genocide.”


***


Shailok bastidos had even massacred US sailors, let alone Aussie aid workers





At least 15 killed in Kyiv as Ukraine grapples with air defence shortages





At least 15 killed in Kyiv as Ukraine grapples with air defence shortages


46 minutes ago
Imogen James and
Dan Johnson, Ukraine correspondent



The mayor of Kyiv, Vitali Klitschko, tells the BBC Ukraine needs more help from its partners to protect civilians

At least 15 people have been killed in the latest Russian strikes targeting the Ukrainian capital, Kyiv's mayor said, as Ukraine continues to face a shortage of air defence missiles.

Apartment blocks and warehouses were struck across the city overnight, the State Emergency Service of Ukraine said, while a children's hospital and school were also damaged.

The deaths were the result of a shortage of air defence missiles, Ukrainian President Volodymyr Zelensky said, which Kyiv relies on western allies to supply.

Speaking to BBC News at a wrecked apartment block in Kyiv, Mayor Vitali Klitschko said Ukraine needed "ammunition, anti-missile systems - we need support from our partners".

Klitschko was in Solomianskyi district to assess the damage. Around him, emergency workers continued to sift through rubble and people stood outside their destroyed homes.

Among them was Valeria Bondaruk, who moved to Kyiv after her home in southern Ukraine was bombed, believing it would be safer for her and her daughter.

Now she has been driven from her home for the second time during this war.

A shard of glass embedded in her bedroom wall served as a sign of how close this was. She hid in a hallway overnight as they have no bomb shelter.

She told the BBC she fears for her 13-year-old daughter's future and is considering leaving Ukraine.


Valeria Bondaruk stands in her apartment, damaged by overnight strikes


Ukrainian MP Oleksiy Goncharenko told the BBC that Ukraine is "absolutely unprotected" from ballistic missile attacks and "can't do anything" without interceptors.

Speaking to BBC Radio 4's Today programme, he said: "Russia is using this trying to destroy as much infrastructure as possible.

"For us it's very painful because we are dying here every day without these interceptors."

Writing on Telegram, Zelensky said "as long as Ukraine does not have enough anti-ballistics, Russia will not seriously think about peace".

He added: "The interceptors for the Patriots have not yet been replaced, and they are needed every day. Each additional missile saves the lives of our people."

An update released by the Ukrainian Air Force on Thursday morning implied that none of the Russian ballistic missiles used overnight were intercepted.

The Russian defence ministry said it used air, land and sea-based weapons to target military facilities and warehouses.

Ukraine has relied on American supplies of Patriot interceptor missiles to combat Russian ballistic missiles, but the US has used much of its stockpile during the war in the Middle East and has been supplying Ukraine with less.

Zelensky's renewed plea for more military aid came as he faced a direct political challenge from the popular ex-defence minister Mykhailo Fedorov, who has called for an election and launched a scathing attack on the government by claiming corruption has deprived the military of weapons.



A missile strike in Solomyanski destroyed cars and a building that supplied heating to apartment blocks


The latest strikes on Kyiv began around midnight local time as air raid sirens sounded across the city, followed by the impact of around 20 Russian missiles.

The strikes cut power to thousands of properties, plunging parts of the Kyiv region into darkness.

A day of mourning for those killed overnight was declared on Friday.

At a local school in the Solomyanski disctrict, the windows were knocked out and its playing fields were left covered in debris.

A nearby storeroom was totally ruined, exposing the basement. The BBC was told it was a laundry and boiler house supplying heating to the surrounding apartment blocks.

Wednesday night's attack was the kind Ukraine's deputy intelligence chief told the BBC that Russia was planning ahead of the winter in order to make life difficult, even for those who haven not seen their homes destroyed.

Russia used 168 drones and 44 missiles in the attack, mainly targeting Kyiv, Ukraine's air force said, adding that air defences shot down 146 drones and 39 cruise missiles.

Anastasiia Kovtun, 31, sat with her partner next to the ruins of her flat, which was part of a nine-storey building.

The primary school teacher said she felt like her "head was going to blow" when she heard the explosions in her area from the shelter.

"It's so frightening to realise it's your house, you never think you're going to be next," she told the BBC.

When asked if she would ever be able to live in her flat again, she said: "Even if were able to move back in, we wouldn't want it after this. If we stayed in the flat for ten minutes more we might have been killed."


Anastasiia Kovtun said she needs time to "process" after her flat was destroyed in strikes


Elsewhere in the broader Kyiv region, an attack in the Brovary and Boryspil districts killed one man and wounded seven. One person was killed and 11 injured in Donetsk Oblast, a local official said.

In Russia, the defence ministry said that 726 Ukrainian drones had been shot down after being launched at various regions across the country.

Romania's defence ministry said a drone crossed into its territory at the northern border with Ukraine, triggering an air alert siren before crashing into an "uninhabited area".

The Polish military also said it had launched "defensive air operations" to protect its airspace.

Recent weeks have seen both sides in the war carrying out massive air strikes, resulting in dozens of deaths.

Ukraine has stepped up its attacks deep inside Russia and targeted the capital Moscow with a wave of 600 drones at the weekend.

Two separate attacks on Russia this week killed at least 16 people, including one child.


Reuters
Cars were left burning in Kyiv after the strikes


Since July, Ukraine has repeatedly targeted facilities belonging to the online retailer Wildberries, Russia's equivalent of Amazon.

Ukraine's defence ministry said the latest attack meant that seven out of 10 of the company's logistics centres had been "disabled".

Despite the ongoing attacks and vulnerabilities on both sides, there has been little progress in diplomatic efforts to broker a ceasefire. Both sides accuse each other of targeting civilians.

Russia first launched a full-scale invasion of Ukraine in February 2022, and currently controls about one-fifth of Ukrainian territory – largely concentrated in the eastern border regions.


***


UK: No retreat ever - we will fight to the last Ukrainian, wakakaka 😂😂😂

"Doom Loop" Engaged: US Debt Hits $40 Trillion As Treasury Enters The Endgame






"Doom Loop" Engaged: US Debt Hits $40 Trillion As Treasury Enters The Endgame



by Tyler Durden
Thursday, Aug 20, 2026 - 09:01 PM


It took the US 200 years to reach its first $1 trillion in debt. It took 95 days to add its last.


After several weeks of build up, today the Treasury announced that total public debt surpassed $40 trillion for the first time, after jumping by over $60 billion in one day, and has now surged by $1 trillion in just over three months, and by a third of the total in less than five years, as US lawmakers continue to ignore calls to contend with historically wide fiscal deficits.




The largely expected news came just hours after Treasury Secretary Scott Bessent unexpectedly announced the Treasury's latest attempt to rein-in long-term borrowing costs from multi-year highs, the most important component of the growth in debt. The Treasury stunned the market when it said, just two weeks after the latest Refunding Announcement where it should have made this change, that it was ramping up the support for longer-dated securities by "increasing, by at least double, the size of liquidity support buyback operations for longer-dated nominal coupon securities (the 10-year to 20-year sector and the 20-year to 30-year sector)."

The announcement that sent yields plunging, if only for the time being.

Remarkably, it was less than 5 years ago that US debt hit $30 trillion back in January 2022, illustrating the rapid growth in federal borrowing needs. And there’s no end in sight.

As Bloomberg notes, "Republicans have long opposed revenue-raising tax increases," while Democrats are best known for spending like drunken sailors to maximize socialist central planning, and both parties are loathe to sign on to politically toxic cuts to healthcare and retirement benefits for seniors. Many observers anticipate Congress and the administration of the day will only act if forced by a financial-market disruption.

That won't stop them from talking about it all the time, though, as both parties at least pretend to understand that the US is on a catastrophic collision course should debt growth continue at this pace, and if the AI bet - which is now an all-in for virtually everyone - fails to dramatically boost productivity. Bessent, for one, said a key reason he got involved in politics was to help tackle deficits running at a pace unprecedented for times outside of major wars, pandemics or depressed job markets. So far he has failed catastrophically, and worse, he is doing precisely the kind of activist issuance "Twisting" for which he bashed his predecessor, Janet Yellen.

Economists, the Congressional Budget Office and Wall Street all see little or no progress in coming years for the deficit-to-gross domestic product ratio.

“Optically, I’m sure crossing thresholds like $40 trillion will focus attention on the issue in the near term,” said Matthew Luzzetti, chief US economist at Deutsche Bank AG. “But it does not represent a magical threshold for debt dynamics, and projections have anticipated this outcome for some time.”

More important, Luzzetti said, is the climb in US Treasury yields, which is steadily increasing the cost of servicing the record debt load. Last Thursday, the department’s latest 30-year bond auction resulted in the costliest such sale in a quarter century. A 10-year auction a day earlier drew the highest financing cost at that tenor since 2007, and only today's announcement which sent yields tumbling prevent today's 20Y Treasury auction from pricing at the highest yield on record.

As buyers demand higher yields, that in turn drives up the Treasury’s borrowing needs. With two months left to go in the fiscal year, the government’s tally for interest costs so far for 2026 is $1.37 trillion - a 20% increase on the same period a year before. That in turn adds to the debt, potentially fueling further investor calls for higher rates, in a pattern known as a “doom loop.”



For a visual of said doom loop, consider that the Treasury paid out about $85 billion to bondholders in its semi-annual coupon payment on Monday, the largest on record. For comparison, the Treasury paid out $75 billion of interest at the mid-month settlement period in August 2025 and about $80 billion on Feb. 17.



Interest costs are now the third-largest part of the budget, surpassing healthcare and just behind Social Security. However, at $1.6 trillion, Social Security will be topped by gross interest no later than 2026.

It gets worse: thanks to the AI bubble - and specifically the AI debt bubble which we correctly spotted one year ago and which the market is only now starting to freak out about - the record debt issuance to fund capex is now starting to crowd out of demand for US paper. This means that very soon, the US government will have to decide: keeping the electorate happy, or funding data centers so they can buy the latest massively overpriced memory chips needed to run the latest chatbot. Incidentally, those soaring memory costs are now adding about 0.5% to core PCE, a number which the admin will soon realize is very politically unpopular, and will lead to a historic crackdown on hyperinflationary memory and semiconductor prices.

“The federal budget is the enemy within,” Douglas Holtz-Eakin, president of the American Action Forum and a former director of the CBO, wrote in a note Monday. “It is the greatest threat to the foundations of economic progress, U.S. international economic standing, and national security. The only reason for optimism should be material actions to rein in the sea of red ink. There are no such material actions.”

He is right, of course: the only time there can be material actions, is when the bond vigilantes crash the market, yet actions such as those by Bessent today assure that said day was just punted several weeks or months into the future, again and again.

But wait, because there is even more: all of the above assumes no recession, no crises, no emergencies for the foreseeable future. Well, consider that US debt exploded higher during the most recent economic downturns tied to the global financial crisis and the Covid pandemic. During those periods, revenue slid as tax-paying workers lost jobs, and assistance payments jumped. One can only imagine where US debt will be after the next recession/pandemic/hot war.

Going back to Bessent, the current Treasury secretary came into office in 2025 touting a budget deficit target of around 3% of GDP by the end of President Donald Trump’s second term, which concludes in January 2029. It’s not clear how that will possibly happen: as of July the ratio is 6% and rising... and will keep rising the longer the AI bubble drains demand for US long-dated paper.

Meanwhile, according to recent reports, Trump is seeking to galvanize support ahead of the November midterm elections, and is looking at new tax-cut promises in addition to increases in defense spending, both of which will supercharge the deficit and lead to even more debt. Meanwhile, the Elon Musk-led 2025 Department of Government Efficiency effort, which sought to slash discretionary spending including on contracts and government buildings, failed to cut outlays as much as DOGE’s own estimates projected.

And then there is the next round of political theater: the current pace of debt accumulation...


We'll take the over
zerohedge
@zerohedge
At this rate, 39% odds of $41 trillion debt this year looks very cheap
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... means that the government has about 4 or 5 months before it again hits the debt ceiling of $41.1 trillion. Hitting that marker is expected to trigger another in the series of partisan showdowns in Washington over the years to head off a potentially devastating US payments default.

“The government has not taken meaningful actions to address the large general government fiscal deficits,” Fitch said. “Spending pressures will mount over the next decade due to an aging population.” The country will be “vulnerable to future economic shocks” as debt levels increase, the rating company said.

For Fitch, talk is cheap: instead of downgrading the US credit rating, one week ago Fitch reaffirmed the US at AA+, assuring that absolutely no remedial step will be taken, and that the next debt crisis will be cataclysmic.

“Hitting this big round number will hopefully send a wake up call throughout Washington,” said Michael Peterson, who chairs the Peter G. Peterson Foundation, a research group, in regard to the $40 trillion. “It will hurt everyday affordability across the country if we don’t get our debt under control,” he said.

He is wrong: everyone knows that the US is on a historic collision course with destiny. The only wake up call was for gold and bitcoin algos, both of which finally woke up from a bizarre slumber, sending both real and digital gold soaring.