Treasury Secretary Scott Bessent appears on NBC to discuss the national security issues surrounding Greenland and the Trump administration’s face off against Europe and NATO. Additionally, Welker wants to protect Fed Chairman Jerome Powell against mounting evidence of his political bias and mismanagement of the Federal Reserve. Video and Transcript Below.

[Transcript] – KRISTEN WELKER:

Joining me now is Treasury Secretary Scott Bessent. Secretary Bessent, welcome back to Meet the Press.

SEC. SCOTT BESSENT:

Good morning, Kristen. Good to be with you.

KRISTEN WELKER:

It’s great to have you here, thank you for being here in person. Let’s start right there. President Trump threatening to impose steep tariffs against some of America’s closest European and NATO allies. The leaders of Denmark and Greenland say bluntly, “Greenland is not for sale.” What makes President Trump think it is?

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To understand just how important it is for leftists to drive a narrative in support of violence and chaos, one only needs to review the behavior of CBS pundit Margaret Brennan in her conversation with DHS Secretary Kristi Noem.

The combative interview, promoted and advanced by CBS, is ridiculous in the extreme as the news outlet attempts to protect the behavior of Democrat officials in the city of Minneapolis and state of Minnesota. The video and transcript are below.

[Transcript] – MARGARET BRENNAN: We go now to Castlewood, South Dakota and Homeland Security Secretary Kristi Noem. Good morning to you, Madam Secretary.

SECRETARY OF HOMELAND SECURITY KRISTI NOEM: Good morning.

MARGARET BRENNAN: DHS calls this the largest operation in its history, nearly 3,000 federal agents out there. Is this an open-ended deployment, or is there a metric for success that ends it?

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According to the Minnesota Dept of Public Safety, Governor Tim Walz has activated the national guard. However, in a statement on their X account the officials note, the guard “are not deployed to city streets at this time, but are ready to help support public safety, including protection of life, preservation of property and supporting the rights of all who assemble peacefully.”

This is likely a proactive move to block President Trump from invoking the ‘insurrection act’ to stop the chaos being fueled by the governor himself as well as professional leftists in the region.

[SOURCE]

As federal efforts led by the Dept of Homeland Security (DHS), Customs and Border Protection (CBP) together with Immigration and Customs Enforcement (ICE) continue, the governor and local municipal leaders throughout Minneapolis have continued to call for activists in the street to maintain operations against immigration enforcement and criminal illegal alien arrests.

Underneath all of the state opposition is a matrix of financial fraud purposefully being hidden by the officials throughout the state of Minnesota including Governor Walz himself. In essence, the state government is trying to protect themselves from criminal investigations of fraud by creating chaos as a defense mechanism.

The Minnesota national guard are being called to duty as a chaos management operation.  They are not being called up to stop the violence, merely facilitate the ongoing violent street protests.  The national noticing, along with the riots and violence, continues….

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During an interview with Fox News, Border Czar Tom Homan notes the Trump administration is looking carefully at who is funding the organized anti-ICE protests throughout the Minneapolis, Minnesota region. Homan’s remarks are seemingly in alignment with what Treasury Secretary and IRS Commissioner Scott Bessent has noted about his investigative group, further stating that investigations will likely reveal who is funding the street protests against ICE and Border Patrol officials.

Specific to the ongoing investigations, Homan notes, “justice is coming” against those who are coordinating the violence, and information about that activity is likely to be revealed “real soon.” WATCH:

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The overwhelming majority of Americans are understandably frustrated with the lack of forceful arrests and prosecution of those who are antagonizing officials and creating civil unrest.

Homan says during the interview, DHS is currently processing the identities of those who have stepped beyond protesting and are now involved in violence against law enforcement officials.  According to Homan the names, faces and identities of those who are participating will be uploaded to a website for sharing with the larger American public.

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In an interview with Reuters, President Trump was asked why the Russia/Ukraine negotiations appear to have stalled.  President Trump responded with one word, “Zelenskyy.”

WASHINGTON, Jan 14 (Reuters) – U.S. President Donald Trump told Reuters that Ukraine – not Russia – is holding up a potential peace deal, rhetoric that stands in marked contrast to that of European allies, who have consistently argued Moscow has little interest in ending its war in Ukraine.

In an exclusive interview in the Oval Office on Wednesday, Trump said Russian President Vladimir Putin is ready to wrap up his nearly four-year-old invasion of Ukraine. Zelenskiy, the U.S. president said, was more reticent.

“I think he’s ready to make a deal,” Trump said of the Russian president. “I think Ukraine is less ready to make a deal.”

Asked why U.S.-led negotiations had not yet resolved Europe’s largest land conflict since World War Two, Trump responded: “Zelenskiy.”

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The Bureau of Labor and Statistics (BLS) released the December price information on Tuesday 1/13/26 [DATA HERE].  Overall, the topline inflation number is moderate at 2.7% much lower than economists projected.

However, that’s not the only important element.  To get an understanding of the impact from tariffs to imported consumer goods, you can look at TABLE-2 [DATA HERE].  As you skim the categories we import the most, electronics, television, sporting goods, apparel, shoes, tools, furniture, etc. what you will note is that the prices are stable with negligible inflation impact noted.

What this means is that tariffs are not creating any upward price pressure on the imported good.  The December ’25 imported good prices are stable despite massive tariffs applied in the second and third quarter of 2025.  As expected, based on history from 2018/2019, the exporting nation (and company) are absorbing most of the wholesale price increased due to tariffs.

The imported goods are reaching the consumer with no substantively changed price.  Some domestically generated goods (food and housing) are still driving the overall inflation number, particularly in the year-over-year calculation, but no substantive price pressure is coming from the import sector.

Export dependent nations are squeezing their own productivity, their governments are subsidizing the critical industries, and the tariffs are being absorbed before the products leave the docks.   This is the USA “rust belt” in reverse.  The same scenario played out in the USA for decades as domestic manufacturers tried to retain U.S. industry.  Now the foreign countries are experiencing their own economic squeeze.

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U.S. Attorney for the District of Washington DC, Jeanine Pirro, goes public explaining the backstory of the DOJ reviewing the Federal Reserve Board and Chairman Jerome Powell.

As noted by USAO Pirro, Chairman Powell refused to respond to questions for two months despite three repeated requests.  The DOJ was then forced to issue a subpoena to get a response. Again, Powell never responded; instead, he went to the media to claim he was being politically targeted.  WATCH:

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During an interview in Detroit with “CBS Evening News” anchor Tony Dokoupil, President Trump responded to the accusation that his success in foreign policy is distracting the administration from focusing on domestic policy objectives.

To be clear, I do not assess any reasonable credibility to this type of claim. Factually, the closed border, growth in real wages, containment of inflation, use of tariffs to change corporate behavior to benefit Main Street, expanded growth in GPD and American manufacturing, the shrinking of the trade deficit, a smaller budget deficit, ongoing ICE operations and deportation goals, etc. are all happening at the same time President Trump is delivering on foreign policy issues that tie into all the above.  Economic Security is National Security.

Yes, the Dept of Justice under Pam Bondi, and the FBI under Kash Patel, is not performing at the same level of skill and urgency as other cabinet heads.  This is frustrating.  That said, Bondi and Patel also took over these two agencies following a decade of work by Barack Obama, Eric Holder and their allied Lawfare operation, and they never forcefully took the public position to emphasize the corrupt nature of the institutions they lead. On the domestic agenda DOJ and FBI are the weakest links; they are also the institutions closest to the DC UniParty operation.

That said, nothing about this issue will change as long as Chief of Staff Susie Wiles is setting the day-to-day agenda.  However, I have been told this message has penetrated the membrane constructed around the Oval Office.  Approximately ten days ago, President Trump became aware of scale and scope of the MAGA frustration.  This background is most likely the reason Wiles was unable to block Tucker Carlson’s White House visit on the day of the oil executive roundtable.

President Trump responds to Dokoupil, asking the question about Susie Wiles foreign policy creating a lack of focus on the domestic agenda at 02:11 of the video below (prompted):

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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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Annnddd… Just like that, President Trump wins again.

Seriously folks, you would think that after all this time the Europeans would finally understand how President Trump manipulates the media cycle and gets them to do exactly what he wants – while they and the majority of their constituents think it’s exactly the opposite.  This stuff is just too funny now.

According to European media outlets, British Prime Minister Keir Starmer is in discussions with Germany and France to send a NATO alliance to Greenland to establish a stronger NATO military footprint. {LINK}

The media present this, hilariously, as if European NATO is going to defend Greenland against President Trump and the USA military. {{INSERT SEVERAL LAUGHING EMOJIS HERE}} I mean, think about it rationally.

The U.K, France and Germany are unwilling to send troops into Ukraine without the protection of the U.S. military.  But somehow, for some reason, the U.K, France and Germany are going to send troops to Greenland to defend against the U.S. military.

The narrative sounds silly when put into context, right?

The reality is, for several years President Trump has been telling NATO they need to take the Arctic (Greenland) seriously and position more strongly against encroachment by China and Russia.   European NATO has not responded with urgency to the requests of President Trump… because orange man bad.

So, President Trump starts talking about the U.S. taking aggressive unilateral action to secure Greenland as a strategic national security matter.  Suddenly, ‘Voila!’ European NATO, under the auspices of defending their Denmark democracy, wakes up and says, ‘No, wait, you can’t just take Greenland, that’s bad.’  Then they assemble urgent talks to send EU NATO military resources to Greenland.  Exactly what President Trump has been requesting to formerly deaf ears.

See how that works?

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