Regardless of how you feel about the Federal Reserve Board, I think we would all agree the construct of an autonomous central bank is outside the boundaries of our constitutional framework.  Factually, the Sea Island financial group set up the Federal Reserve as a system of control over the U.S. economy that was completely unnecessary.

That same ultra-constitutional mindset of omnipotent power permeates the recent statements by FED Chair Jerome Powell, who now attempts to evade a Dept of Justice investigation by hiding behind the ruse of his non-elected office.

Last year, facing ridiculous cost overruns, Congress questioned Powell over the insane spending proposal by Powell for a new office building.  Chairman Powell characterized the construction changes, that escalated the cost of the project from $1.9 billion to $2.5 billion, as ‘minor modifications.’  That’s $2.5 billions of taxpayer money.

A referral to the Dept of Justice was made [SEE HERE] following Powell’s testimony.  Things got ugly quickly when President Trump, a builder and renovator himself, took exception with the scale and scope of the ridiculous spending plan.

In an effort to both use his office as a defense, and simultaneously weaponize the power of his position, Jerome Powell waits until Sunday evening to announce he is being investigated by the DOJ [SEE HERE], and then he claims it is political targeting.

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[Transcript] – “Good evening.

On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June. That testimony concerned in part a multi-year project to renovate historic Federal Reserve office buildings.

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It appears that Minnesota Governor Tim Walz is about to discover what happens when you anger the Treasury Secretary, who happens to be the IRS Commissioner.   WATCH (Prompted):

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Details are scant, and I’m not exactly sure how this would work, but President Trump has proposed a one-year freeze on credit card rates at 10%.

[SOURCE]

As noted by Politico, previous “legislation sponsored by Sen. Bernie Sanders (I-Vt.) and cosponsored by Sen. Josh Hawley (R-Mo.) would impose a 10 percent cap on credit card rates for five years. Similar legislation has been introduced in the House.”  Yet, unilateral authority by a President does not seem evident.

If anyone has any information on how this could be accomplished, feel free to share. I’m not sure how this can be done.

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Treasury Secretary Scott Bessent is leading the charge to focus on Minneapolis, Minnesota Somali fraud rings for targeted regional actions.  The IRS Criminal Investigations division has been dispatched to focus on the Minneapolis region to identify fraudulent use of public assistance services, combined with the abuse of federal taxpayer funds.

In a remarkable approach, Secretary Bessent announced during a Fox News interview that a regional targeting effort is now underway that will block anyone who receives public assistance from sending money overseas (remittances to foreign countries).  This is not a fee or tax on the remittance, or financial transaction; this is a complete block of their ability to send money overseas.  Anyone receiving public assistance will not be able to send money to foreign lands.

Yes, it seems like this is initially going to be subject to the honest admission of the money sender. However, with the IRS reviewing each transfer and cross referencing to public assistance records anyone who attempts to work around this regulation will be subject to federal laws on financial fraud, wire service fraud and potentially money laundering.  WATCH:

The interagency focus will eventually go nationwide, as with the new USAO position that focuses on public assistance fraud; but for now, that focused effort will target Minnesota.   Minneapolis will be the beta test for a national rollout.

All of the money service businesses in the region will now be reviewed and all financial transactions of $3,000 will be required to have an accompanying Suspicious Activity Report (SAR).  With DHS, FBI and now IRS investigators focused exclusively on the two counties involved in the Somali fraud rings, the fraudsters will be identified and prosecuted.

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Prior to the discovery of rampant fraud in Minnesota, Treasury Secretary Scott Bessent was already scheduled to deliver remarks to the Economic Club of Minnesota. Treasury Secretary Bessent is also the Acting IRS Commissioner, which gives him a very unique position from which to review and discuss the explosive issues of fraud within the state.

This is a MUST WATCH video in totality to understand exactly what Secretary Bessent is focused on.

Secretary Bessent begins visit by delivering prepared remarks to the audience outlining the success in President Trump’s economic policy approach, giving specific examples of granular policy accomplishments and what they mean to the average American. Secretary Bessent then sits down for a question-and-answer session where he drills into the issue of the fraud within the Minneapolis, Minnesota region.

Regarding the Somali fraud issue, Bessent notes the IRS Criminal Investigations department are leading the charge to identify the specific individuals and larger network groups within the region who will be held to account.  In the bigger picture roughly 10% of all government spending has been identified by the General Accounting Office as fraud.  This is a really good overall review of the current approach being taken by the Trump administration. WATCH:

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Representative Kristin Robbins claims there are multiple millions in assisted living program fraud, while highlighting failures in basic internal controls and ongoing payments indicted individuals. Federal Education Secretary Linda McMahon, House Speaker Lisa Demuth, and Rep. Robbins have all urged Minnesota Gov. Tim Walz to step down.

Governor Walz says he accepts accountability; however, he blames pre-existing vulnerabilities and pandemic-era program expansion. Walz now claims his reforms will include tighter provider screening, enhanced audits, and cooperation with federal prosecutors. [SOURCES] All of this is happening as the scale of the fraud is yet to be fully identified.

MORE FRAUD 🚨 immigrants from Somalia have been buying homes in Minnesota, paying cash and saying they’re being used as “home healthcare”

The state isn’t checking on the homes, many sit empty and are billed to the state for services. Making millions every year

Minnesota realtor… pic.twitter.com/fvMqxMwoD2

— Wall Street Apes (@WallStreetApes) December 23, 2025

I’m curious if this widespread issue of Somali immigrant fraud is the reason why Tim Walz was selected by Kamala Harris to be her VP candidate in 2024.

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The grand plans of the EU Leadership failed to generate their desired result.  Initially, Ursula von der Leyen, Friedrich Merz, Emmanuel Macron and Keir Starmer intended to permanently confiscate the Russian sovereign wealth fund and use it to fund their interests in Ukraine.  However, the EU coalition didn’t agree.

After 16 hours of failed internal negotiations the EU ended up creating a $90 Billion euro-backed financial loan to Zelenskyy which he will not have to pay back until Russian reparations are paid to Ukraine.

The European elites essentially used EU taxpayers to create an EU loan to Zelenskyy.

EUROPE – BRUSSELS — European governments failed to reach a deal on sending Russian frozen state assets to Ukraine after a 16-hour summit in Brussels, in a major setback for German Chancellor Friedrich Merz and European Commission President Ursula von der Leyen.

Countries were forced instead to agree on an emergency backup plan based on EU joint debt that was pushed for weeks by Belgian Prime Minister Bart De Wever and was deemed a long shot until hours before the deal was done. In a further blow to EU unity, three countries ― Hungary, Slovakia and the Czech Republic ― won’t take part.

“The bottom line, after today, is that our support for Ukraine is guaranteed,” Danish Prime Minister Mette Frederiksen said as the summit wrapped up at 3 a.m.

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White House Deputy Chief of Staff Stephen Miller appears on Fox News to discuss the federal investigation that is taking place into a massive welfare and subsidy scam uncovered in Minnesota.  At the heart of the issue are thousands of Somali immigrants who were allowed into the U.S. and have abused various aid programs.

There are also reports indicating that 70% of the economy in the country of Somalia now comes from remittances sent by this same community, including money sent to al-Shabaab terrorist groups.  The scale of the fraud is jaw-dropping as almost every financial aid program is being abused by the Somali immigrant community. WATCH:

This year Federal and state prosecutors opened multiple investigations into fraud tied to Minnesota programs being abused by the Somali community.

An investigation into “Feeding Our Future” (a child‑nutrition nonprofit) led to dozens of indictments and it got worse as officials also began investigating Medicaid Housing Stabilization Services and alleged false autism diagnoses tied to reimbursements. Acting U.S. Attorney Joseph Thompson has described the scope of the fraud as astonishing and labeled the issue a “crisis.”

President Trump announced the immediate termination of Temporary Protected Status for Somalis in Minnesota, citing fraud and “money laundering.” The DOJ, CMS and various cabinet agencies are also investigating various programs to determine the full scope of the financial fraud.

Meanwhile DHS and the FBI are reviewing remittance destinations to determine potential terrorist connections, and Minnesota Governor Tim Walz blames President Trump for noticing the issue.

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The United States Office of the Comptroller for the Currency (OCC) has delivered the preliminary results of an investigation into large U.S. banks and the practice of “debanking” customers based on ideology. [PDF HERE]

Between 2020 and 2023, the OCC found that JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Wells Fargo & Co., U.S. Bancorp, Capital One Financial Corp., PNC Financial Services Group Inc., Toronto-Dominion Bank, and Bank of Montreal, all maintained policies that restricted legal companies from access to banking based on the “values” of the bank.

According to the OCC report, “these nine banks made inappropriate distinctions among customers in the provision of financial services on the basis of their lawful business activities by maintaining policies restricting access to banking services or requiring escalated reviews and approvals before providing certain customers access to financial services.”

Press Release – […] The Office of the Comptroller of the Currency (OCC) today released preliminary 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.

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Yesterday, Ukraine President Volodymr Zelenskyy traveled to London to meet with British PM Keir Starmer, German Chancellor Friedrich Merz and French President Emmanuel Macron.

As expected, part of the Zelenskyy meeting with the “coalition of the willing” included a briefing by Ukraine negotiator Rustem Umerov, the secretary of Ukraine’s National Security and Defense Council, who held detailed consultations for three days last week in Miami with Trump’s envoys Steve Witkoff and Jared Kushner.

President Zelenskyy then departed London traveling with his media entourage to Brussels for the next round of discussions with the European Union stakeholders, financiers and politicians. During the trip Zelenskyy told his media stenographers, “Under our laws, under international law — and under moral law — we have no right to give anything away. That is what we are fighting for.”

The U.K, France and Germany support Zelenskyy’s position that he is not going to concede any territory to the Russian Federation, specifically the 30% of the Donbas area in Eastern Ukraine currently at the heart of the physical conflict.

The 30% issue surrounds the Donetsk region in Ukraine, which includes the cities of Kramatorsk and Sloviansk. Russia is currently pushing deep into fortified Ukraine resistance in this region with a population of around 100,000. Zelenskyy claims losing this area would allow Putin to invade the Dnipropetrovsk, Zaporizhzhia and Kharkiv regions.

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