Eh, not a good look.  Total nonfarm payroll employment changed little in July (+73,000) and has shown little change since April. The unemployment rate, at 4.2 percent, changed little in July. Employment continued to trend up in health care and in social assistance. Federal government continued to lose jobs. [SOURCE]

PRESIDENT TRUMP – “In my opinion, today’s Jobs Numbers were RIGGED in order to make the Republicans, and ME, look bad — Just like when they had three great days around the 2024 Presidential Election, and then, those numbers were “taken away” on November 15, 2024, right after the Election, when the Jobs Numbers were massively revised DOWNWARD, making a correction of over 818,000 Jobs — A TOTAL SCAM. Jerome “Too Late” Powell is no better! But, the good news is, our Country is doing GREAT!”

EARLIER – “I was just informed that our Country’s “Jobs Numbers” are being produced by a Biden Appointee, Dr. Erika McEntarfer, the Commissioner of Labor Statistics, who faked the Jobs Numbers before the Election to try and boost Kamala’s chances of Victory. This is the same Bureau of Labor Statistics that overstated the Jobs Growth in March 2024 by approximately 818,000 and, then again, right before the 2024 Presidential Election, in August and September, by 112,000. These were Records — No one can be that wrong?

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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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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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Now you will see why I said to watch this interview without distractions.

FED Chairman Jerome Powell announced today the FED Board of Governors is keeping the interest rate at 4.25 to 4.5 percent.   The Central Bank of the United States is trying to create an unsustainable debt spiral.

The goal of the FED (Central Bank) is to create a debt spiral that leads to a crisis.  This is the way the Central Bank controls the activity of the smaller banks.  This is the way the Central Bank keeps control over the people in America.  WATCH:

Don’t pretend. Stop being a battered victim to an abusive relationship with government.

President Trump is pumping money into the USA economy through economic growth, tariff revenue, federal govt downsizing, expanded private sector employment and wage growth.

The Central Bankers are trying to drain money from the USA economy through monetary policy and control over the behavior of the smaller regional banks and credit unions.

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Too funny.  The economic pretending is so strong almost every outlet leads the Gross Domestic Product news release by saying “better than expected.”  Duh!   The Bureau of Economic Analysis (BEA) releases the GDP date for the second quarter (Q2) and shows a 3.0% jump in economic growth.

We say “duh”, because it was an entirely predictable result.  Why, because imports are a deduction to the GDP equation and imports dropped 30.3% in the second quarter (Table 1, line 19).   We said this was going to happen because there was a surge of imported goods in the first quarter as companies tried to be proactive with orders in advance of tariffs.

That massive influx of imports made the Q1 GDP weak (-0.5%).  Conversely, with all those goods delivered in the first quarter, the products were not imported in Q2 and the GDP rebounded.  The lack of imports, ultimately the lack of deduction, resulted in a 5.18% positive change to the second quarter GDP (Table 2, line 47).

[Source, Table 2, Line 47]

But wait, the winning doesn’t stop there.  Remember, the Big Beautiful Bill just passed in July. That means fixed asset investment is likely to expand in Q3 because 100% expensing on capital investment was part of the BBB.

But wait, there’s more.  Annual wages spiked 4.4% — double the rate of inflation (2.1%).   That means people are growing their wage incomes twice as fast as prices are rising.  Real wage growth is back again!  Yes, REAL WAGE GROWTH.

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This is one of those interviews that simply must be watched in its entirety. It’s long, almost 3 hours, but take the quiet time to watch and absorb the information provided by economist Professor Richard Werner.

Werner discusses something absolutely vital to understand about the nature of economics and the banking system that underpins it. You have often heard me say “there are trillions at stake” when describing the elements aligned against President Trump. Well, Werner gives context to what lies behind those trillions.

Nine years ago, as President Elect Trump won his first election, I wrote about the future of economics and the potential if a Main Street monetary and banking system was created. {GO DEEP} Richard Werner discusses the specific issue of how credit creation by regular banks actually creates money. He’s the first person I have seen speak who really gets it.

There are distinct differences between banks creating money for asset purchases (inflation), consumer purchases (inflation) and GDP growth (Main Street expansion). He simply nails it, and that is why he was put on the CIA radar.

When Werner speaks of the need for two distinct banking systems as a solution to the “inflationary” impact of money created for asset purchases vs GDP growth, he is specifically highlighting the difference between Wall Street money and Main Street money. This, in the largest measure, is exactly why President Trump and Secretary Mnuchin created the dual banking system.  This is what led to the global pandemic as a tool to stop President Trump.

I cannot recommend this interview enough. However, don’t sell yourself short. Find a quiet place, quiet time, and take notes as you listen to Richard Werner outline the true and unspoken nature of how money is created.

When you understand what Werner is saying, everything the FED and Central Banks do starts to make sense. WATCH:

Behind what Werner is explaining you will find the motives to oppose President Trump.  Werner doesn’t draw the connection to Trump’s policies, but when you hear him outline the history and the problem you will get it.

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U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer hold a joint press conference in Stockholm after concluding the third-round of trade talks with Chinese officials.

The discussion and press availability covered U.S-China trade negotiations, economic cooperation and whether President Trump will meet Xi Jinping. Key moments include questions on tariffs, supply chains, and Beijing diplomacy. WATCH:

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Treasury Secretary Bessent notes as the U.S. economy continues strengthening, and as each trade deal with the U.K, Japan, ASEAN nations and Europe have cemented, the talks between the U.S. and China become more substantive.

With each global trade partner agreeing to terms of access to the USA market more pressure is naturally created on China to complete negotiations and affirm their position as supplier to the world’s largest market.

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Following the breaking news of the U.S-EU trade deal with Commissioner Ursula von der Leyen, President Trump sits down for an extensive interview with Miranda Devine.

President Trump talks about the trade agreement with the EU in addition to overall perspectives on trade, tariffs and the goals of the America-first economy.  Additionally, President Trump talks about immigration challenges, current events and the intelligence documents declassified by Director of National Intelligence Tulsi Gabbard. WATCH:

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