The Federal Reserve Board announced on Friday that Adriana D. Kugler will step down from her position as governor of the Federal Reserve Board, effective August 8, 2025.

Dr. Kugler, who has served as a governor since September 13, 2023, submitted her letter of resignation to President Trump and will return to Georgetown University as a professor this fall. The text of the letter from Governor Kugler is below:

[SOURCE pdf]

President Trump will now get to appoint a replacement.

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FN 107, 108, 109 and 110 are all in the redacted paragraph top of page 25, pertaining to Carter Page. However, the footnotes are NOT redacted.

I have long said, the FISA Application that was released to the public (by Mueller/Weissman in 2018) is NOT the same as the FISA Application that sits at the DOJ-NSD/FISC.

I told John Durham in August 2020 I suspected the publicly released FISA was *NOT* the same as the one with the court.

[*Initial and first renewal had FISC stamps (March 17, 2017). The second and third renewals did not have FISC stamps at all when released.]

Former Deputy AG Rod Rosenstein said during Senate hearing (Ted Cruz question), he did not release the FISA; the special counsel team did. They held authority over DOJ/FBI on all things Russiagate.

When Mueller/Weissmann released the FISA application, July 2018 (it was part of a set of timed releases including the Warner texts) under the ridiculous auspices of releasing a Top Secret TSCI document to fulfill a FOIA request…. the first ever in history of the IC… few people stopped to ask why was this ok’d to release?

They had to release the FISA because it was already public (Warner/Wolfe illegal leak), and the underpinning of several outcomes of evidence for the Mueller indictments (fruit of the poisonous tree). But there were some aspects Mueller/Weissmann could not risk in the release.

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The FBI, CIA, ODNI and DOJ declassified the annex to the John Durham investigation of the origin of the Trump-Russia collusion hoax.  The declassified annex was released today by Senator Chuck Grassley.

~ You Can Read the Annext Here ~

First, the basic outline.  The John Durham Annex outlines how the CIA received information in mid-2016 from a “credible foreign source,” talking about Hillary Clinton’s campaign working with the FBI to manufacture a Trump-Russia conspiracy, as an October surprise.

Beginning in 2014 and continuing through 2016, Russian hackers gained access to the email accounts and main accounts of the Soros Foundation/Open Societies Foundation who was working with the DNC and Hillary Clinton campaign.

What the hackers discovered was a trove of information showing how the Clinton Campaign was constructing a smear job against Donald Trump with the manufacturing of a fraudulent Trump-Russia conspiracy.  The emails and communication showed the Clinton Campaign was directly working with the FBI to create the smear.

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There may be a valid explanation for what I am about to briefly note; something akin to Nellie Ohr being the subject of an ongoing criminal investigation, such that she is a target therein, but don’t get your hopes up.  The Occam’s Razor within this specific example is that DC interests (current FBI, CIA, DNI and DOJ) are controlling the protection of the coverup operation.

Keep in mind, according to DNI Tulsi Gabbard and CIA Director John Ratcliffe the current redactions to the declassified John Durham Annex, were determined by current Intelligence officials.  Here’s the example/issue.

On page #5 of the declassified report [DIRECT LINK HERE] Durham notes an issue with the transcription from Russian to English of the source information to the CIA giving the U.S. intelligence service a head’s up on what Hillary Clinton was doing.  However, notice the 3-line redaction at the bottom of the second paragraph.

You can tell from the visibility of footnote #14 and footnote #16 that inside the redacted sentence is footnote #15.

As customary in these releases, the IC reviewers make mistakes.  We look at the bottom of the page and find they forgot to redact the footnote that pertains to the redacted sentence.

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Secretary of State/National Security Advisor, Marco Rubio, appears for an interview with Brian Kilmeade to discuss recent events in the world of geopolitics in addition to the events now surfacing with the declassification of the Trump-Russia hoax documents.

The beginning of the conversation starts with an evaluation of the Ukraine-Russia conflict and the frustration of the Trump administration to find a way to settle the issues.  The second subject is the status of U.S-India relations now that trade negotiations have stalled.   The conversation then moves to the ongoing declassification of information.

At 07:30 of the interview Rubio is asked about his previous SSCI investigation of Russian interference in the 2016 election. Rubio talks about his prior role as Chairman of the SSCI and the efforts of the Intelligence Community to manipulate public opinion.  WATCH:

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This is more than slightly interesting.

According to a Fox News release, FBI Director Kash Patel and Deputy FBI Director Dan Bongino found multiple files related to the FBI activity in the Trump-Russia collusion hoax, which included the classified annex to the John Durham investigation, inside burn bags in a secret room at the FBI building in Washington, DC.

The discovered Durham annex is now being declassified by the CIA and others and transferred to Senator Chuck Grassley’s staff who will release it to the public momentarily.  WATCH the Senate Select Committee on Intelligence (SSCI) response to these revelations, Chairman Tom Cotton, the guardian of the Intelligence Community, will likely demand special counsels be triggered in order to create the “ongoing investigation” defensive shield needed for his benefactors.

That’s how the silo system in DC rolls.

DC EXCLUSIVE: FBI Director Kash Patel found a trove of sensitive documents related to the origins of the Trump–Russia probe buried in multiple “burn bags” in a secret room inside the bureau, sources told Fox News Digital.

Sources told Fox News Digital that the “burn bag” system is used to destroy documents designated as classified or higher.
Sources told Fox News Digital that multiple burn bags were found and filled with thousands of documents.

Sources told Fox News Digital that one of the documents FBI officials found in a burn bag was the classified annex to former special counsel John Durham’s final report, which includes the underlying intelligence he reviewed.

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President Trump holds a press conference aboard Air Force One en route back to the White House.  Currently the press comments are audio only, but will likely have video upon arrival.

President Trump begins his remarks talking about a threat delivered by British Prime Minister Keir Starmer to the state of Israel where the U.K is threatening to recognize a Palestinian state if Israel doesn’t stop the bombing in Gaza and deliver aid to the impacted citizens.   LISTEN:

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The terms Ukraine and government corruption are synonymous regardless of who is funding the schemes.  After Volodymyr Zelenskyy grabbed more power by stripping two key anti-corruption agencies, the National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAP), of their independence, protests erupted.

European leaders immediately noticed the intent of the power move and threatened Zelenskyy with a withdrawal of support. The current dictatorship of Zelensky and his small team then quickly reversed course.  However, the damage is done, and once again Ukranian corruption is center stage.

It doesn’t matter how much western intelligence agencies and pro-Ukraine western govt officials try to hide the nature of the duck represented by Zelenskyy by calling him a swan, eventually the quacking returns – the mask drops.

UKRAINE – […] Some also cautioned that the agitation could spark a popular uprising like the one that toppled then-President Viktor Yanukovych in 2014. “We are now in the face of the most dangerous development in all the years since Maidan,” wrote Sevgil Musayeva, editor-in-chief of the Ukrainska Pravda newspaper. And like others, she hazarded that Zelenskyy’s powerful Chief of Staff Andriy Yermak was behind the move, amid signs that NABU is preparing cases against presidential insiders.

Eventually, with public uproar mounting, Ukraine’s president bowed to the pressure and agreed to restore the independence of the agencies — a new law turning back the clock is meant to be voted on Thursday.

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The reality of the U.S-Canada economic relationship and the position of President Donald Trump is not that difficult to understand if you take all the disparate datapoints and quotes from Trump and put them into context.

During a White House meeting with Mark Carney, President Trump essentially told the Canadian Prime Minister why he was in no hurry to get to a deal with Canada.

The 35% tariffs on non-USMCA goods are going to trigger on August 1st, because the main priority of Trump -looking toward Canada- is to dissolve the USMCA.

During the May 6th oval office meeting with Carney, President Trump was discussing the USMCA and said:  “As you know it terminates fairly shortly. It gets renegotiated fairly shortly.” … “This was a transitional deal, and we’ll see what happens, we’re going to start renegotiating that” … “I don’t know if it serves a purpose anymore.”  …. “And the biggest purpose it served was, we got rid of NAFTA.”

To understand why President Trump wants to dissolve the USMCA {SEE HERE}.  To understand the technical value of dissolving the USMCA {SEE HERE}.  It’s not a complicated economic analysis; it’s common sense.

Currently, approximately 60% of the traded goods and services between the U.S. and Canada are covered by the USMCA; the remaining 40% will be hit by tariffs on August 1st at a 35% rate.

When the USMCA is renegotiated, predictably dissolved in favor of two bilateral trade agreements – one for Mexico and one for Canada, all of the U.S-Canada trade sectors will be part of the enlarged free trade negotiation.  As a result, there is absolutely no motive to engage in trade discussions now.

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Former House Intelligence Committee Chairman Devin Nunes appears on Fox News to discuss the latest declassified reports from DNI Tulsi Gabbard and CIA Director John Ratcliffe.

As noted in the previous interview {GO DEEP}, Nunes draws a strong reference to the FBI raid on Mar-a-Lago and asks the question, “what were they looking for?”  The Occam’s Razor answer is the FBI was trying to recapture evidence of the Trump-Russia collusion hoax that was in President Trump’s possession post administration.  WATCH:

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♦ Former CIA Director John Brennan admitted Peter Strzok helped write the January 2017 Intelligence Community Assessment (ICA) which outlines the Russia narrative; and it was also Peter Strzok who authored the July 31st, 2016, “Electronic Communication” from the CIA to the FBI that originated FBI operation “Crossfire Hurricane.”  Strzok immediately used that EC to travel to London to debrief intelligence officials around Australian Ambassador to the U.K. Alexander Downer.

In short, Peter Strzok was a profoundly overzealous James Bond wannabe who acted as a bridge between the CIA and the FBI. The perfect type of FBI career agent for 2016’s CIA Director John Brennan to utilize.

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