Following a tour of a Ford truck plant, President Trump will be delivering remarks on the status of the economy to the Detroit Economic Club. The anticipated start time for his remarks is 2:00pm ET with livestream links below.
.
National Economic Council Director Kevin Hassett appears on CNBC to discuss the current status of the Trump economy. Obviously, the first question to Hassett surrounds the announcement by Fed Chairman Jerome Powell that he is under a grand jury investigation.
Director Hassett rightly notes the DOJ is independently investigating the issues of Powell as a result of both a Senate Banking Committee (Tim Scott) and House criminal referral for misleading and false testimony related to the construction of the FED building in Washington DC. Both the decisions by the Federal Reserve and the Dept of Justice are not outcomes of President Trump’s decision making. Secondly, Hassett is considered a candidate to replace Powell in May, so it would be inappropriate for him to make any comments. WATCH:
.
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.
.
[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.
President Trump, Vice-President JD Vance and Secretary of State Marco Rubio participate in a roundtable discussion with major oil and gas executives on the issue of energy investment in Venezuela.
The primary concern for oil executives is stability within Venezuela. The Maduro government previously seized the assets of U.S. oil companies, and the investment required to restart the industry at scale are significant.
.
U.S. Energy Secretary Chris Wright gives an outline of energy production in three-minutes. I especially liked this part: “Germany invested half a trillion (in renewables) and now produce 20% less electricity at 3x the price,” Wright noted.
$10 trillion has been invested/deposited within the Climate Change Bureau of Imaginary Problems; Secretary Wright discusses the outcome. Now, I know it is easy for us to laugh and enjoy this type of fact-based mic drop, however, as we watch this short video think seriously about the position of Canada as it relates to what Wright is mentioning.
Yes, the examples of the United Kingdom and Germany are excellent in their representative value to drive home the point; however, ¹Canada is more predestined toward failure in their energy policy than Germany. WATCH:
The U.S. Energy Secretary just obliterated Net Zero ideology in 60 seconds.
Oil, gas, and coal power EVERYTHING including green energy.
This is what adults sound like.
Liberals are not ready for this conversation.pic.twitter.com/c6J4x7k7Nk
— Marc Nixon (@MarcNixon24) January 7, 2026
¹Canada’s climate change energy policy is orders of magnitude worse than the EU. Canadian carbon trade platforms and the government’s insufferable economic stupidity is a major part of the reason why the USMCA must be dissolved. The North American continent cannot have comingled economic dependency where Mexico and the USA are expanding through low-cost energy outputs, while Canada generates high-cost energy outputs.
In the long term, the slowly unfolding Canadian economic collapse will be devastating. Big Panda has previously prepositioned their interests and is awaiting final purchase of the Snow Mexicans for pennies on the dollar.
Former Prime Minister Justin Trudeau was accurate in his outline to president-elect Trump that began the point of the USA just taking ownership of Canada (2024). If something similarly radical doesn’t happen soon, a Chinese protectorate will be our northern neighbor.
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:
.
As you review this latest data on trade, remember any drop in trade deficits has two big picture functions:
First, lower trade deficits generally mean the accompanying GDP release will be stronger than anticipated because imported products are a deduction from the valuation of all goods and services created in the U.S. economy. Lower imports mean less is deducted.
Secondly, and perhaps most importantly, a drop in the trade deficit created by diminished imports means more wealth remains inside the USA.
We are not spending, sending money overseas, to import foreign goods at the same rate, and that money stays inside the U.S. economy. More wealth inside the U.S. provides the fuel for expanded domestic growth, more investment gains in USA manufacturing and USA industry and the ability to pay higher USA wages.
The Commerce Department is reporting today that the U.S. trade deficit for October 2025 dropped to the smallest amount in 16-years. A significant amount of the deficit drop was because a high value of physical precious metals (gold/silver) was exported, simultaneous with big offshore pharmaceutical companies dropping the prices of imported products (policy and tariff pressure).
WSJ – The U.S. trade deficit shrank dramatically in October to its lowest level since 2009, the Commerce Department said Thursday, an unexpected twist in a year of volatile trade flows that have been buffeted by the Trump administration’s steep tariffs.
American imports fell to $331.4 billion in October, while exports increased to $302 billion. That yielded an October deficit of $29.4 billion, an imbalance nearly 40% smaller than September’s. (more)
Secretary of State Marco Rubio and Secretary of War Pete Hegseth deliver remarks to the media following a briefing of Senators on the ongoing Venezuela operations.
As noted by Secretary Rubio, the U.S. is now in control of all Venezuela oil production and distribution. WATCH:
Further to Rubio’s remarks: Energy Secretary Chris Wright said Wednesday that the United States will sell Venezuelan oil “indefinitely” after completing sales of the crude currently accumulating in storage there.
Wright said the proceeds from those sales would be “deposited into accounts controlled by the U.S. government” and then “flow back into Venezuela to benefit the Venezuelan people.”
Health and Human Services Secretary Robert F Kennedy Jr has released a new food pyramid guide for Americans.
The Dietary Guidelines for Americans released today meshes MAHA-influenced changes with longer-standing advice for people to cut sugar consumption while eating more protein, whole grains and colorful fresh vegetables and avoiding “highly processed” foods.
If you don’t think about food as medicine for your body, eventually medicine will become your food.
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.