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Trump acted first — and the ‘experts’ are furious because it worked
Something revealing — and increasingly dangerous — shows up in the people who still react to Donald Trump as if he were mainly an offense against etiquette rather than a political fact. They study him the way Victorian naturalists might study a rhinoceros loose in the drawing room: with alarm, fascination, and deep concern for the upholstery.
The Iranian strike has brought it out again. After 47 years, Israel and the United States struck back. Trump moved hard, moved fast, and moved before the foreign-policy clergy finished the first round of throat-clearing. Then, after he acted, he turned and pressed allies and other beneficiaries of Persian Gulf oil to help manage the consequences.
Trump derangement syndrome now imposes a cost beyond mere foolishness. It has become a strategic liability.
To the establishment mind, that looks like barbarism. First you convene. Then you posture. Then you circulate papers. Then you hold a conference where several men with rimless glasses say “regional framework” and “off-ramp.” Only then — after adequate procedural embalming — may anything actually happen.
Trump has never shown much interest in being embalmed.
To the establishment, Trump isn’t merely wrong. His vulgar method offends them. He violates process. He makes the priesthood sweat through its linen.
But the plain truth cuts the other way: Many of the traits that make him unbearable to refined opinion make him effective in world affairs. In Iran, effectiveness isn’t a lifestyle preference. It decides whether we end a threat or let it metastasize from theoretical to fatal.
This moment changes the argument. It no longer turns on whether Trump’s style offends the salons of Washington, New York, Brussels, and Aspen. It turns on whether the United States will stop a fanatical regime from acquiring nuclear weapons and blackmailing the world through oil, terror, and fear. The Wall Street Journal editorial board, often critical of Trump, supports his actions against Iran because the alternative looks worse: Iran survives the confrontation with its nuclear ambitions intact and its grip on the Strait of Hormuz strengthened.
So what should we understand about Donald Trump?
He accepts risk. He will do things that may blow up in his face. Most public people spend their careers dodging blame and pinning it on rivals. Trump cares less about pleasing the people who write essays about “norm erosion.”
He’s a developer with a better feel for leverage than for liturgy. A man doesn’t conquer the Manhattan real estate jungle, build a brand out of his own name, or survive bankruptcies, tabloid wars, casino collapses, and the mockery of half the respectable class by worshipping tidy sequencing. His route to wealth didn’t resemble a ballet. It looked like a demolition derby with gold trim.
That history matters. Men shaped by bureaucracies tend to treat legitimacy as a product of process. Men shaped by dealmaking tend to treat legitimacy as a product of outcomes. One group asks, “Was this properly staffed?” The other asks, “Did we get it done?” Washington fills up with the first type and recoils from the second.
Trump also improvises. Washington treats improvisation like a vice. But improvisation belongs to people operating in the realm of consequence rather than memo circulation. Trump rarely arrives with a doctrine polished for a Brussels seminar. He arrives with an instinct, a pressure point, a threat, a phone call, and a willingness to revise in public. That horrifies people who would rather run a failed plan with perfect footnotes than run a messy plan that changes the landscape.
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Andy Barton/SOPA Images/LightRocket/Getty Images
Trump’s critics call this incoherence. Sometimes it is. He can be erratic. He can be excessive. He can mistake motion for strategy. But his critics often commit the opposite error. They confuse caution with wisdom, process with seriousness, and rhetorical tidiness with strength.
And the stakes outrun Trump. Iran has pursued the bomb for years. It lied, concealed, dispersed, negotiated, cheated, and waited. The fairy tale that this menace sat safely contained until Trump disturbed the peace has worn thin. Tehran didn’t become dangerous because Trump acted. Trump acted because Tehran already posed a danger.
That’s why Trump derangement syndrome now imposes a cost beyond mere foolishness. It has become a strategic liability. When a domestic class hates one man so much that it prefers his failure to the country’s safety, it stops functioning as a normal political opposition. It becomes a hindrance to national self-preservation.
If Iran emerges from this conflict still able to terrorize the Gulf, still able to menace the Strait of Hormuz, still dreaming its nuclear dreams, America won’t merely have fought badly. America will have invited the next crisis on a higher rung of danger. A short war that leaves the central threat intact doesn’t qualify as prudence. It amounts to cowardice on an installment plan.
That’s why he makes them crazy. He walks around as a rebuke to the managerial fantasy that calibrated people with soft hands and impeccable credentials can safely “manage” history. Trump reminds them — rudely, constantly, and in public — that moments arrive when nerve beats nuance and the man willing to absorb disorder defeats the man who can only describe it.
And now the insult cuts deeper. He doesn’t just break their rules. In a moment when America can’t afford illusion, he may be right about what winning requires.
Iran war, Donald trump, Never trumpers, Establishment, Operation epic fury, Operation midnight hammer, Nuclear weapons, Opinion & analysis
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Video: Florida motorist decides to drive in reverse for a while — and then comes face-to-face with deputies
As you can see by the image next to the headline of this story, about a week ago, a vehicle was stopped at a red light on a busy Florida road — facing backward in the left-hand turn lane — and then seconds later proceeded to make the turn while continuing to drive in reverse.
Indeed, multiple callers reported the silver sedan driving in reverse eastbound on SR 100 on March 13, the Flagler County Sheriff’s Office said.
‘I didn’t think that I was that bad … you know what I’m sayin’ … I wasn’t even swerving or anything like that or driving fast …’
The sheriff’s office said its Time Crime Center tracked the vehicle to a Panda Express parking lot, and deputies stopped the vehicle near SR 100 and Airport Road after it had turned around and finally was facing in the correct direction.
The driver — William Murphy III, 47, of Palm Coast — said the car had a mechanical issue, and he “thought the best option” was to drive it backward to AutoZone, officials said.
“Except his mechanical issues evaporated when deputies got behind him … or was it in front of him?” the sheriff’s office quipped.
Let’s jump into the play-by-play.
Deputy (on loudspeaker, following Murphy): “Pull over! Pull over right here! Stop!”
Deputy: “We got multiple people calling [about] you driving in reverse!”
Driver: “The car was stuck in reverse.”
Image source: Flagler County (Fla.) Sheriff’s Office video screenshot
Driver (stuttering): “I didn’t think that I was that bad … you know what I’m saying … I wasn’t even swerving or anything like that or driving fast …”
Deputy (interrupting): “You were driving backward on the road!”
Driver: “Yeah, it’s the same thing as if you were …”
Deputy (interrupting and chuckling): “No, it’s not, dude!”
Image source: Flagler County (Fla.) Sheriff’s Office video screenshot
With that, the deputies put handcuffs on Murphy, and it’s all over.
Image source: Flagler County (Fla.) Sheriff’s Office video screenshot
Deputies arrested Murphy for habitual driving while license suspended/revoked, officials said, adding that he had more than 10 prior convictions for driving while license suspended/revoked.
Murphy was transported to the Sheriff Perry Hall Inmate Detention Facility, where he later was released on a $1,000 bond, officials said.
Below, you can watch video of the entire ordeal.
So far more that 200 commenters have let their thoughts be known about the incident under the sheriff’s office Facebook post, and amusement seems to be the prevailing emotion.
“I mean…old boy drove better than 90% [of the] drivers out here,” one commenter opined.”Florida Man never fails to amaze me,” another user joked.”But he was driving forward before he was pulled over, so his car was not stuck in reverse lol,” another commenter added, stating the obvious.”I mean, it honestly looks like he really is the World’s Best Backward Drive[r],” another user noted.”The cigarette at the end is the kicker…dude’s like, ‘I know how this ends, lemme get a drag real quick,'” another commenter observed.
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Florida, Flagler county sheriff’s office, Traffic stop, Arrest, Driving backward, Crime
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This law could wipe out your retirement in the next big crash
Most Americans believe a simple thing about their retirement accounts: If you buy a stock, you own it. Your statement shows the shares. The value rises and falls. And if you don’t panic-sell, the asset is yours.
That’s the commonsense view of investing.
If Americans believe they directly own the assets in their retirement accounts, the law should reflect that expectation — before the next crisis tests it.
But the law doesn’t treat your “ownership” the way most people think. In the modern system, most investors are not the direct registered owners of most securities. They hold contractual rights tied to the investment — not the security itself.
In calm markets, that sounds like a technicality. In a severe financial crisis, it could determine whether your assets stay yours.
How we got here
Decades ago, investors could hold securities in their own names. Physical certificates were common, and ownership was straightforward.
As we explain in our new book, “The Next Big Crash: Conspiracy, Collapse, and the Men Behind History’s Biggest Heist,” that changed as powerful financial interests pushed to redesign the securities system. Big banks and Wall Street institutions worked to centralize ownership and reduce investor rights — changes that received little public attention and limited scrutiny.
Today most securities sit inside the Depository Trust Company system. DTC — through its nominee legal entity, Cede & Co. — appears as the direct registered owner of those securities, not you.
DTC is a subsidiary of the Depository Trust and Clearing Corporation, which is owned by the financial institutions that use it. DTCC is not publicly traded, so ordinary investors can’t own its shares.
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DNY59 via iStock/Getty Images
The ‘security entitlement’ system
The DTC structure was only the beginning. In the 1990s, lawmakers revised Article 8 of the Uniform Commercial Code — the state-law framework that governs securities ownership nationwide. Those changes formalized what we now have: an indirect holding system built around “security entitlements,” not direct title.
In plain terms: When you hold most securities through a brokerage account, you hold a legal claim against the broker. You typically do not hold specific, segregated property registered in your name.
That distinction matters because Article 8 also sets priority rules when an intermediary fails. If a brokerage pledges securities credited to customers as collateral for financing, the lender can obtain priority over other claimants. When multiple parties assert rights to the same pool of assets, the law decides who stands first in line — and customers are not always first, even when they paid for the investments and believed they owned them.
In the next major crash, if a Wall Street firm uses customer assets to prop itself up, ordinary investors could take heavy losses. And that can be true even if the firm wasn’t allowed to use customer assets that way. Article 8 was written to protect large institutions first and investors second.
Why ‘protections’ may not protect you
Brokerage firms operate under customer-protection and segregation rules. The Securities Investor Protection Corporation offers limited coverage in certain failures.
But those safeguards don’t erase Article 8’s priority structure. SIPC coverage is also too limited to address widespread losses in a broad crisis. And even when a broker violates rules, a secured creditor’s priority claim can survive unless the creditor itself acted in bad faith or colluded.
In a cascading crisis — multiple failures, margin calls, forced liquidations, and liquidity freezes — these limitations stop looking academic. Article 8 determines whether customer assets remain with customers or flow to institutional creditors.
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Damian Lemanski/Bloomberg via Getty Images
What investors should understand now
For decades, policymakers sold this transformation as technical modernization. Trading volumes rose. Paperwork bottlenecks appeared. Those problems were real.
But the “solution” did more than speed settlement. It changed who holds legal title and who gets paid first when stress hits.
In ordinary times, the structure runs quietly. Investors see statements, dividends, and confirmations, and few ask how the system records ownership.
The difference becomes decisive when an intermediary fails. At that point, priority rules — not your assumptions — govern what happens next.
What must change
There’s still a path forward.
Because the Uniform Commercial Code is state law, state legislatures can strengthen investor protections and clarify priority rules. Reform doesn’t require blowing up modern markets. It requires aligning the legal structure with what ordinary Americans reasonably believe they own.
The next financial crisis will arrive sooner or later. What’s already set is the legal framework that will govern when it does.
If Americans believe they directly own the assets in their retirement accounts, the law should reflect that expectation — before the next crisis tests it.
Stock market, Market crash, Savings, Retirement accounts, Uniform commercial code, Financial crisis, Opinion & analysis, Ownership
