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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I’ll post the video outcomes of the Paris summit comments below. However, in the interests of time and cutting to the chase, the picture below highlights the reality of things as they present.

The British-based “coalition of the willing” (+1 USA) assembled in Paris as the operation to manipulate the U.S. into forming the cornerstone of the Ukraine “security guarantees” continues. A great deal of this is public relations and psychological operations intended to create something against President Trump’s expressed intention.

However, everything you need to know about the eventual end of this long exposition is evident in the image that everyone pretends not to see.

German Chancellor Merz, Ukraine President Zelenskyy, French President Macron, British Prime Minister Starmer and then you have Mr Witkoff & Mr Kushner. What’s missing? Trump. There’s your answer!

There’s no President Trump because the intent of the principals is against our America-first interest. Hence, the USA did not sign up to the EU created security guarantees, because Trump is demanding they do their own work.

Key word “proposed” [read agreement] …”These elements will be European-led, with the involvement also of non-European members of the Coalition, and the proposed support of the US.”…

President Trump is presenting: The U.S. will provide intelligence *monitoring* assistance, but that’s it.

Not in our strategic interest. Not our war. Not our issue.

The U.S. delegation did not sign up to the statement the EU put forth after the meeting.

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President Trump and Secretary of State Marco Rubio have noted that following the ouster of Nicolas Maduro in Venezuela, the remaining government is being pressured to realign their positions and accept a change in direction. It is always tenuous when the leader of a hostile foreign government is removed.

The current approach by the Trump administration is to permit former Vice-President Delcy Rodríguez to continue operating the mechanisms within the country to retain near-term stability. The CIA assessed Delcy Rodriquez was the interim ruler who could keep order.

Prior to the removal of Maduro, Venezuelan opposition leader Maria Corina Machado, the Nobel Peace Prize winner, was asked by the Trump administration to provide a detailed summary of how she could form a functioning government, should she be assisted to power.

Machado’s response did not provide confidence that her strategy was comprehensive enough. Therefore, the Trump administration assessed the best interim approach would be to continue working with the remaining Maduro government officials, led by Delcy Rodriquez, while pressuring them to follow the instructions of the United States.

Various geopolitical powers, including many that attend Mar-a-Lago functions, want Maria Corina Machado installed quickly. President Trump and Secretary Rubio are being more measured in their approach. The powers that want Machado installed are now working on a media strategy. Sean Hannity is enlisted for the assist.

The issue is one of competency and chaos.  President Trump and Secretary Rubio do not want to repeat the mistakes of the past (Bush/Powell, Iraq or Obama/Clinton, Libya).  The Venezuela issue is entirely different from the Middle East, but the same type of chaos can reemerge if the transition from authoritarianism to representative democracy is not well managed.

The Sea Island attendees support a quick Machado installation.  Trump/Rubio prefer to proceed with more caution, especially because someone is going to be on the hook for financial support to Venezuela, because the domestic rewards from any expanded oil revenue are at least 5 to 10 years away.

Changing the regime in Venezuela may break China’s ‘belt and road’ grip, but China’s money is going to need to be replaced with independent domestic economic wealth for the Venezuelan people.  That process takes time.

Maria Corina Machado is supported by all the same networks who support Volodymyr Zelenskyy.  Despite the twinkles in the eyes of senators within the Foreign Relations Committee, we don’t want Venezuela to become North America’s largest Somali daycare operation.

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Secretary Pete Hegseth – “Six weeks ago, Senator Mark Kelly — and five other members of Congress — released a reckless and seditious video that was clearly intended to undermine good order and military discipline. As a retired Navy Captain who is still receiving a military pension, Captain Kelly knows he is still accountable to military justice. And the Department of War — and the American people — expect justice.

Therefore, in response to Senator Mark Kelly’s seditious statements — and his pattern of reckless misconduct — the Department of War is taking administrative action against Captain Mark E. Kelly, USN (Ret). The department has initiated retirement grade determination proceedings under 10 U.S.C. § 1370(f), with reduction in his retired grade resulting in a corresponding reduction in retired pay.

To ensure this action, the Secretary of War has also issued a formal Letter of Censure, which outlines the totality of Captain (for now) Kelly’s reckless misconduct. This Censure is a necessary process step and will be placed in Captain Kelly’s official and permanent military personnel file.”

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Once again giving context to the immediate reaction from Mexican President Claudia Sheinbaum following the operation to exfiltrate Venezuelan dictator Nicolas Maduro, during the return flight to Washington DC President Trump spoke about how President Sheinbaum is “a little afraid” of the cartels in Mexico.

When asked about his previous offer to have the U.S. military intervene in the drug and human trafficking operations within Mexico, President Trump said, “I would say every single time I’ve talked to her I’ve offered to send troops.” Following up with, “she’s concerned, she’s a little afraid, the cartels are running Mexico. Whether you like it or not, the cartels are running Mexico.”  WATCH:

This is not just an ordinary off-the-cuff statement when you consider the ramifications. There is no closer geographic nation to the mainland United States other than Mexico, and President Trump is being brutally honest in his statement that Mexican President Sheinbaum is afraid of the cartels.  The cartels run the Mexican government.

Mexican residents living in the United States and sending money back to Mexico are a major economic driver of Mexico’s GDP.  Currently the best estimate of GDP is that personal remittances make up around 4% of their domestic economy.  The United States sent $62.5 billion dollars in remittances to Mexico in 2024, 96.6% of the total received by the country. 47% of remittances from the United States to Mexico are sent from California and Texas [source].

The remittances essentially subsidize the average Mexican family, while the illegal cartel income is estimated around $12 billion annually [source].   The total Mexican GDP is around $1.7 trillion [source], Canada is roughly $2.4 trillion, the United States is around $30 trillion.

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Senate Select Committee on Intelligence Chairman, Tom Cotton, appears on CBS with Margaret Brennan to discuss reaction to the capture of Nicolas Maduro, the current status of Venezuela and the longer-term ramifications.  Video and Transcript Below:

[Transcript] – MARGARET BRENNAN: We’re joined now by the chairman of the Senate Intelligence Committee Arkansas Republican Tom Cotton. Good to have you here. Senator.

SEN. TOM COTTON: Thanks, Margaret.

MARGARET BRENNAN: You have oversight of the intelligence community which was deeply involved in this operation to go into Venezuela militarily and extract Nicholas Maduro and his wife. Does the US still assess that the regime in Venezuela is made up of Narco terrorists with ties to Iran, Russia, China and Cuba?

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