The Office of the Comptroller of Currency has released the final report after investigating the banking practices of nine major institutions based on over 100,000 examples of banks refusing business based on politics and worldviews.

[OCC PRESS RELEASE HERE]

“Today’s report provides irrefutable evidence that the nation’s largest banks have denied, debanked and discriminated against customers and lawful businesses”…

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a report of its findings from its supervisory review of debanking activities at the nine largest national banks it supervises: JPMorgan Chase Bank, Bank of America, Citibank, Wells Fargo Bank, U.S. Bank, Capital One, PNC Bank, TD Bank, and BMO Bank.

The OCC conducted its supervisory review in accordance with the President’s Executive Order, “Guaranteeing Fair Access to Banking for All Americans,” to determine whether these banks’ policies or practices may have required, encouraged, or otherwise influenced banks to deny or limit access to financial services to Americans because of their political or religious beliefs or lawful business activities. The OCC’s findings show that, between 2020 and September 2025, all nine banks had such policies.

“Today’s report provides irrefutable evidence that the nation’s largest banks have denied, debanked and discriminated against customers and lawful businesses,” said Comptroller of the Currency Jonathan V. Gould. “Americans should have access to financial services regardless of their beliefs, affiliations, or political views. Fair access to financial services is not a mantra—it is a mandate. The Trump Administration is committed to ending the weaponization of finance against hardworking Americans, once and for all.”

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The U.S. Treasury Department said Tuesday it is imposing $1.2 billion in fines on Bank of America for compliance violations resulting in lax efforts to curtail money laundering activity. The fines on America’s second-biggest bank amount to the third-largest in the department’s history.  [Treasury Notice Here]

Money laundering for Latin-American narcotraffickers, terrorists as well as sketchy individuals/organizations that continue avoiding U.S. Treasury sanctions appear to be the heart of the matter.

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a $750 million civil money penalty against Bank of America, N.A. (bank), for violations of the Bank Secrecy Act and its implementing regulations, including 12 CFR 21.21 and 12 CFR 21.11. This amount is the largest in OCC history. The bank is also subject to a December 2024 cease-and-desist order (2024 Order), which requires the bank to address its deficient Bank Secrecy Act/anti-money laundering (BSA/AML) compliance program.

“Bank of America, N.A., is the second largest bank in the U.S. and the sixth largest in the world. Every year, it processes hundreds of trillions of dollars in transactions across the globe. It has a high, and increasing, risk profile for money laundering, terrorist financing and other illicit activities. Almost two years ago, the bank signed an order with the OCC and committed to fixing its longstanding BSA deficiencies. Despite its obligation to the American people as a national-chartered, global systemically important bank, the bank’s BSA/AML compliance program continues to reflect widespread breakdowns in internal controls, which threatens U.S. national and economic security” said Comptroller of the Currency Jonathan V. Gould. “The bank’s poor response to its BSA deficiencies is unacceptable. The second largest bank’s egregious and continued BSA violations warrant the OCC imposing its largest CMP ever assessed against a bank. The OCC expects all banks to have an effective BSA/AML compliance program. Those that do not can expect swift and significant action from the OCC.”

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The people around Zelenskyy, his support network, are struggling trying to find solid footing for a counter narrative.

That’s why these remarks from Zelenskyy sound weird; in reality, they just don’t quite know how to respond because what President Trump is revealing in the “diesel deal” with Russia really doesn’t have much to do with diesel fuel supplies.

Volodymyr Zelenskyy (via X) – “I don’t believe the volume of diesel Russia will export will affect the price. Moreover, we see that they can export from 300,000 to 500,000 tons a month today. Meanwhile, global consumption stands at 120 million tons a month. What kind of impact can that have? I don’t think it would have any. If some people think otherwise, so be it.

So I believe there are entirely different reasons behind these actions. If this is the approach, then why isn’t America making a “diesel deal” with Ukraine? Let Ukraine propose a “diesel deal.” We do have influence over whether these ships can sail or not, whether these refineries can operate or not. If that’s the case, then let’s do it.

Electricity is what matters to us. That’s clear. If we can be guaranteed protection for our power system, then we will not strike Russia’s diesel infrastructure in response. Electricity is first and foremost about helping people – keeping their lights on. It also means helping Europe. Everyone knows that we are connected to the European power grid. And if our energy infrastructure is not being destroyed, we can help some countries that are facing shortages by supplying them with cheaper electricity.

So, yes, let’s sign a corresponding “diesel deal” with the President of the United States.” (link)

Following the lengthy phone call with Russian Federation President Vladimir Putin, President Trump noted during remarks on the way to Ohio that his administration was unsure of who exactly would be conducting strikes against Ukraine power infrastructure.  The lights going out in Kiev has a similar appearance to the performative air raid sirens whenever a high-profile EU govt official pays a visit [World War Reddit].

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It is challenging to put the geopolitical perspective into an easily digestible format because the construct of western finance is the only reference point available for most Americans.  We do not have solid references for what exists outside the western monetary constructs that have existed for generations.  However, Barbara Boyd tries to expand our cognitive bubble to explore the potential ramifications of a Trump-Putin energy agreement.

I do not personally think President Trump engages these dynamics from a reference of London or the U.K. Instead, he simply seems to recognize the institutional financial constructs are no longer working to the benefit of American interests, and those constructs happen to be from the British Commonwealth financial system and the bank of financial settlements.

Promethean Action’s Barbara Boyd opens with President Trump’s Sunday announcement of an energy ceasefire in the war between Russia and Ukraine, and what led up to it: his remarks to the press that it’s time for Ukraine to get a new president, and Friday’s agreement for Russia to supply diesel to the United States and the world, with a Treasury license authorizing Russian diesel through April 2027.

She argues that Trump and Putin have exposed the game being played by the City of London: Ukraine’s drone strikes on Russia’s refineries, which the Washington Post examined, keep fuel prices high ahead of the November 3 midterms, while the Financial Times reports the administration threatened to cut off weapons and intelligence if the attacks continued, and members of Congress move against the deal.

After President Zelensky’s interview on ABC’s This Week blaming high prices on the war in the Middle East, the episode turns to the energy wars: Russia’s ban on fuel exports, U.S. diesel above $6 a gallon, no major new U.S. refinery since 1977, and Europe’s emergency diesel stocks, held mainly by Germany and France, until Trump’s export threat brought a G7 release of 100 million barrels of oil and diesel.

Her presentation closes with Treasury Secretary Scott Bessent on Operation Economic Outcast against Iran’s regime, the petrodollar system and London’s commodity markets since the 1971 collapse of Bretton Woods, President Putin’s case for long-term contracts between producing and consuming nations, the Conservative Treehouse’s argument that the world’s biggest economy is aligning against the financial schemes of London while retaining the dollar, and Secretary Bessent’s chart on prices under Biden and Trump.

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Immediately after President Trump announced a strategic energy supply deal with Russian Federation President Vladimir Putin, Ukraine President Zelenskyy ordered drone strikes against the Russian oil/fuel export terminal NZNP.

The targeted terminal is located in the Zheleznodorozhny district of Rostov-on-Don, and it is used to transship petroleum products including diesel fuel for exports toward the west.  {SOURCE, Ukraine Today}

The intention of Zelenskyy’s targeting is obvious to anyone who has followed the conflict between Russia-Ukraine and the involvement of EU-NATO countries in keeping maximum conflict at the forefront.  They do not want a strategic agreement between Putin and Trump.

Hours before the Ukraine targeting of the NZNP export terminal, President Trump announced a strategic agreement with President Putin for refined diesel exports over the next six months.  This Trump-Putin agreement was against the interests of Zelenskyy and specifically against the interests of his benefactors in London, because Putin and Trump are working outside the “western market pricing system”.

To fully understand what is happening, I strongly suggest you spend the time to read my previous articles on the dynamic as outlined below in sequence.

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President Trump announced a collective investment effort between defense tech firm Anduril and the U.S. Navy worth an estimated $6.6 billion. $3.7 billion comes from the private sector by defense technology firm Anduril in a new shipyard at Sparrows Point, Maryland, alongside $2.9 billion in Navy contract funding. The facility will build next-generation submarines including autonomous underwater vessels.

When you really think about this effort closely, putting this kind of investment into U.S. shipbuilding in Baltimore is a genuine swing for the fences to reestablish northeast industrial manufacturing.  I give President Trump a lot of credit for taking this big a leap of faith in the Baltimore region.

The Trump administration has announced new or revitalized shipbuilding in Galveston TX, Houma LA, Brownsville TX and now Sparrows Point MD.  While the southern regions will likely be capable of transferring a solid work ethic into a successful America-First business model, trying to reindustrialize Baltimore away from a dependency mindset (built on a foundation of corruption) to a skilled jobs work ethic, is a very bold move.

There will certainly be job opportunities for people outside the immediate Baltimore area who are willing to travel for high-paying good quality work.  Anduril will also need some form of trade-school, apprenticeship or vocational training if the manufacturing hub is to be generationally changing.   This really is a major move to put money behind reindustrialization in one of the key areas where it was destroyed by leftism, globalism and corruption.  WATCH:

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You might remember the story of CIA senior officer David J. Rush, 49, of Ashburn, Virginia, who was indicted after an FBI investigation found gold bars, cash in dollars and euros as well as luxury cars and dozens of luxury watches.

Today the DOJ announced that Rush has plead guilty {pdf SEE HERE} in a deal where he will admit to one count of wire fraud, and that will permit the DOJ to finish prosecuting the case without revealing extremely sensitive information about the CIA operations Rush was involved in.

Rush stands accused of manipulating more than $195 million in wire transfers to his own accounts, after setting up covert fake CIA operations centered around unknown foreign intelligence efforts.  When you read the plea agreement that stipulates the facts of his activity, it certainly sounds like David Rush was able to execute the fraud under the auspices of Ukraine operations.

To be clear, there’s no mention of Ukraine, but the scale of the money involved, the timing of the activity, the location of the real estate and the attributes of the money and gold (as described) sound very Ukrainian-ish.

DOJ PRESS RELEASE – […] On May 19, 2026, the FBI searched Rush’s residence and recovered 298 gold bars, approximately $2,106,550 in cash, €104,795, and numerous luxury watches. Rush had obtained the gold bars at an approximate cost to the government of $46 million. Pursuant to the plea agreement, Rush has agreed to forfeit the gold bars and currency found at his home, the fraudulently obtained properties, 30 watches (many of which were Rolexes), and two 2026 BMW Alpina vehicles, at least one of which is valued at approximately $172,000. 

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I don’t want to focus too much on this, because there are multiple angles still at work.  However, against the backdrop of the non-coincidental coincidences that followed the August 2025 Alaska Summit, the Lukoil story looks strategically interesting.

The New York Times is looking at Lukoil from the perspective of President Trump organizing financial gains for people close to his administration, specifically Witkoff and Kusher.  {GO DEEP}

That aspect is nonsense, total nonsense; however, if you pull back and look at the background story without the Trump derangement overlay, there’s a potential here for something very good to come out of it.

As the story is told, Russian President Vladimir Putin has inquired about the potential for the U.S. to remove sanctions against Lukoil, a quasi-private energy company based out of Russia.  Before, getting too weedy about it, remind yourself of the statements that surfaced during the Trump-Putin summit in Alaska, August, 2025.

You might remember that both the U.S and Russia spoke of strategic partnerships surrounding the energy sector.  Obviously, this makes sense when we consider the “west” is actually fractured on the topic of energy.  There are two competing interests that overlap in the financial side of the issue, the ‘trillions at stake’ aspect.

On one side you have the “climate change” team, those who are fully invested (literally) in the financial mechanisms of the climate change, green new deal, build back better talking points.  The Green Energy team in the west.  The Paris Climate Treaty and carbon-trading proponents et al.

On the other side you have the pragmatic energy team in the west.  These are the Trump-minded and aligned western perspectives that look at oil, natural gas (LNG), clean coal and nuclear technology.  These are the “all the above” aligned voices in the more pragmatic view of low-cost energy production and development.

In the middle, between both sides of the fracture, are the banking and finance systems.  This is the BIG MONEY play, with the Climate Change team supported by banking ideology inside the city of London, while the Carbon Use team is constantly having to assemble finance and insurance from outside the banking control mechanisms.

The Climate Change team have support based on ideology within the finance system.  However, the Carbon Use team have the advantage of low-price outputs, global dependency and actual profits as leverage.  This is a fight essentially inside the larger energy sector, and we are all very familiar with it because it has been happening for decades.

Canadian Prime Minister Mark Carney is currently the main tool deployed by the Climate Change team on behalf of the London finance system.  Carney’s main opponent is U.S. President Donald Trump.

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Treasury Secretary Scott Bessent appears for an interview with Axios co-founder Mike Allen. The wide-ranging conversation covered the U.S. economy, the war in Iran and the Trump administration’s approach to AI.

Secretary Bessent responds to Americans’ frustration with the cost of living; explains why he doesn’t think the AI boom is a repeat of the dot-com bubble and argues that AI leaders warning about losing control should slow down. Bessent also discusses possible U.S-China cooperation on AI risks, Treasury’s economic pressure campaign against Iran, the bond market, Trump Accounts and his clashes inside the administration.  WATCH:

Chapters:

0:00 – Cold open
0:24 – Inside Treasury’s Cash Room
1:38 – Unpacking why Americans still feel squeezed
5:21 – Bessent’s economic campaign against Iran
7:35 – Is AI in a bubble?

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Most people will not read the Inspector General Report in full [SEE PDF HERE].  But if you did, you might come to the same conclusion as myself.  The entire FED and IG Michael Horowitz should be fired, arrested and prosecuted for corruption at a level that is simply jaw dropping.

The issue is really simple if you cut through the fog of the report.  The FED Board awarded a no-bid contract to the contractor, without an agreement on the building renovation project and the construction costs associated with it until President Donald Trump began drawing attention to it.  This is gross corruption at a massive scale.

To use the terminology of the report, start with this aspect:

…”the Board selected a different project delivery method, construction manager at risk (CMAR), for the Eccles-1951 renovation project. A well-managed CMAR contract allows a building owner—in this case, the Board—to transfer certain construction risks, including those related to cost and schedule performance, to its construction manager (also known as a construction manager as constructor, or CMc). To effect this risk transfer, a CMAR contract provides for the owner and CMc to agree on a guaranteed maximum price (GMP) for the project, usually around the time construction begins or building design is substantially complete. Once the GMP is set, the owner has greater cost certainty and the CMc is incentivized to carefully manage costs. If costs exceed the GMP, the CMc absorbs them with limited exceptions, such as when the GMP may be increased to account for change events like owner directed changes or other adjustments like unforeseen site conditions“… {Source pg, 5}

So, the FED board established, at least with themselves, that they would have an agreement on cost for the project.  However, if you go to page 60 of the report you find this:

…” in connection with a multibillion-dollar contract, the Board did not ask its CMc for a construction cost estimate or a GMP until December 2025—about 3.5 years after construction began and after the Board had already awarded more than $2 billion. Specifically, the Board did not take advantage of several key opportunities to request a cost estimate from the CMc”…. (Source pg, 60}

It wasn’t until President Trump drew attention to the FED having spent over $2 billion, that FED Chair Jerome Powell, and the FED board requested the construction manager and construction company to provide a cost estimate.  This is unreal, especially considering that IG Michael Horowitz finds no unlawful decision-making in the overall fiasco.

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