Senate confirmation hearings for President Trump cabinet nominations continue today.

10 a.m.: Scott Turner, secretary of housing and urban development. Lee Zeldin, administrator of the Environmental Protection Agency. Doug Burgum, interior secretary. 10:30 a.m.: Scott Bessent, Treasury secretary.

♦ Scott Turner, a former football player who served as a midlevel official in the first Trump administration, has been elevated as Mr. Trump’s pick to lead the Department of Housing and Urban Development.

♦ Former Representative Lee Zeldin of New York previously made an unsuccessful run for governor in the state in 2022. Now he has been tapped by President Trump to carry out his environmental policy and remove excessive climate regulations at the Environmental Protection Agency.

♦ Former North Dakota Gov. Doug Burgum made a $1 billion fortune in the tech industry before running for governor. Burgum, who has longstanding ties to oil and gas companies will seek to fulfill the “drill baby drill” energy independence policy expressed by candidate Trump. Burgum would be in charge of managing vast swaths of federal land and coastal waters in the Interior Department, as well as leases of those lands for oil and gas drilling.

♦ Scott Bessent is a billionaire hedge fund manager who has been a central economic adviser to Mr. Trump as the president-elect created a campaign agenda centered on raising tariffs on imported goods. Mr. Bessent, who will oversee some of America’s most powerful economic levers in the Treasury Department, has called for rolling back government subsidies, deregulating the economy and raising domestic energy production.

Burgum and Bessent will get the majority of attention from the ‘resistance’ democrats and the Moonbats amid their climate change base.

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President Trump called in for an interview with Newsmax where he outlines his perspective on the “mess” that has been left by the outgoing administration of Joe Biden.  The end of an error.

In the first segment of this interview President Trump discusses the impact of a chaotic foreign policy that has created fires and problems all over the globe.  Additionally, Trump outlines his priorities on Day #1 to get border security measures back into place and immediately begin deporting the massive numbers of illegal aliens Joe Biden has allowed to “pour into our country.”

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In the second segment below, President Trump responds to the ongoing California wildfires and the conflicts with Governor Gavin Newsom.

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Vice President JD Vance appears on Fox News Sunday to discuss current events and political intents for the Trump-Vance administration.

Starting with a pledge to make sure an efficient FEMA responds to the needs of California fire victims, Vance then moves on to discuss the border objective on day #1, the deportation agenda and the measures the Trump administration will take to shut down the open southern border.

Vance then moves to discussing the economic agenda and onto the objectives of the Trump administration to pardon January 6th detainees.  For those J6 protestors who committed “acts of violence,” there will be no sympathy.  However, for those who are incarcerated simply for walking through the Capitol building, pardons will be considered.  WATCH:

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In the nation of Moldova, the left bank of the Dniester (Nistru) River is home to 360,000 citizens in the Russia-controlled region of Transnistria. To the right side of the dividing line made by the Dniester is the western/EU allied side of Moldova.

The Russian energy company, Gazprom, provides gas to Transnistria through Ukraine. The gas is subsidized by Russia, so the Russian-allied citizens of Transnistria do not pay market prices; in fact, the gas is provided free. However, the gas into Transnistria is also used to power the Moldavskaya GRES power plant, which generates electricity for both banks of the Dniester. In essence, the “free” Russian gas is provided to both the pro-Russia and anti-Russia elements in the region.

The contract for the transit of Russian gas into Transnistria through Ukraine’s territory expires on January 1, 2025. Despite the war between Russia and Ukraine, gas transit and the contract signed in 2019 have continued. However, Ukraine under Zelenskyy has repeatedly said they do not plan to extend the gas transit agreement with Gazprom. This is a way for Zelenskyy, technically NATO, to create anxiety and crisis in the region.

The western aligned government of Moldova have been demanding that Russia withdraw all military and influence from the Transnistria region, meanwhile the Transnistria local governing officials are requesting Moscow to keep the flow of Russian gas ongoing. Observers have noted, “It looks stupid to ask for the withdrawal of Russian troops from Transnistria and meanwhile request Russia to continue to give free gas to the region.”

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The NATO war in Ukraine is essentially lost. Russia holds the strongest position against Kyiv and its supporters. President Donald Trump is set to take office in the USA raising new questions over Europeans’ trade relations, elimination of the Marshal Plan, and EU spending on their own common defense. Then add the slow-motion collapse of Trudeau’s Canadian government, and consider…

…Hungary has rebuked the Brussels control agenda. Georgia has rejected NATO and the EU’s manipulation. The government of France, essentially Germany’s most powerful partner leading the European Union, collapsed on a few short weeks ago. And now Germany, Europe’s largest economy, will be in the hands of a caretaker government until they can organize elections early next year.

When the control mechanisms of the totalitarian left fail, we see the machinery tremoring slowly, slowly, until suddenly, all at once it freezes.

GERMANY – The German government collapsed on Monday as Chancellor Olaf Scholz lost a confidence vote in Parliament, deepening a crisis of leadership across Europe at a time of mounting economic and security challenges.

[…] On Monday, German lawmakers voted to dissolve the existing government by a vote of 394 to 207, with 116 abstaining.

Coming just nine months before parliamentary elections had been scheduled to happen, the vote was an extraordinary moment for Germany. The elections, now expected on Feb. 23, will be only the fourth snap election in the 75 years since the modern state was founded. The moment reflects a new era of more fractious and unstable politics in a country long known for durable coalitions built on plodding consensus.

Mr. Scholz had little choice but to take the unusual step of calling for the confidence vote after his three-party coalition splintered in November, ending months of bitter internal squabbling and leaving him without a parliamentary majority to pass laws or a budget.

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The latest announcement by President Trump via Truth Social [SEE HERE] should not come as a surprise to anyone here.

As the economic impact of MAGAnomics starts to sink-in to the global psyche, once again it is predictable that China and the EU will use their central banking system in a defensive posture against President Trump’s economic, trade and tariff policies.  As a direct result, the value of the dollar increases, and as we noted before, “Exports from the USA ultimately cost more because the dollar is stronger against EU and Asia currencies. However, a stronger dollar is an offset to BRICS leverage and allows Trump to play economic chess.”

That’s the background for this:

[Source]

President Trump knows how to leverage U.S. market access as part of the economic security program for the entire country.  President Trump is the only person who can do this.   If a nation wants to align with an alternative trade currency, President Trump will tariff their products at 100%, and/or shut them out of the USA market completely.

MAGAnomics Simplified: Everyone who is a pragmatic critical thinker knows that China will (a) subsidize their targeted industries; then (b) devalue their currency to lower the impact of exports to the USA. Beijing controls the banks, and they did this before. As a result, the dollar value increases and imports cost less.

The Chinese imports then enter the USA at a lower price consistent with their cost estimate as a tariff offset. China takes in a lower price but retains access. That’s just how it works. The importers pay the tariff with a lowered price and a higher valued dollar. Essentially statis for the time being.

Then…..

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Interesting that none of the Europeans saw this outcome looming, which is likely why Samantha Power and her USAID/CIA election operation was not present for round #1.   Unfortunately, it should be expected that team USA will quickly react and dispatch assistants to help recover in round #2.

Make Romania Great Again candidate Călin Georgescu came out of nowhere and has won the first round in the presidential election.

Georgescu campaigned on an anti-EU, anti-NATO and anti-war with Russia platform; simultaneously supporting domestic farmers, domestic energy production and advocating for a Romania that is free from foreign influence.

Oh, and instead of traditional media, his campaign message was strongly directed to the Romanian people, via TikTok. Imagine that.

As noted by Politico, “Ultranationalist Călin Georgescu comes from nowhere to lead center-left PM Marcel Ciolacu and liberal Elena Lasconi in first round.

[…] According to the partial results, Georgescu leads with 22.2 percent followed by center-left Prime Minister Marcel Ciolacu on 20.2 percent. Reformist candidate Elena Lasconi is on 18 percent, while another hard-right candidate, George Simion, trails with 14.1 percent support, with 96 percent of precincts reporting.

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Germany is the largest economy in the E.U. However, due to a confluence of horrible events, most of them self-created as an outcome of ridiculous energy production decisions, the German industrial economy has been contracting since 2022.

Into this downward spiral of negative economic events within Germany, now comes the problem of President Trump eager to eliminate the Marshal Plan of one-way tariffs and start dealing with the trade inequities.  The German industrial manufacturing companies who make up the majority of the economic output are concerned, very concerned.

Within the discussion suddenly something appears that all Western financial pundits have yet to accept. Leo Barincou, a senior economist at Oxford Economics in Paris says:

[…] limited tariffs on selected products, such as cars, chemicals and agricultural products, may not be too much of a problem, Barincou says. A rising dollar, and hence a falling value of the euro, would offset some of the harm caused by the tariffs. “At a macro level, the impact would be limited,” he says. (read more)

Yep, here we go again.

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Suspicious Cat smells some possible streamlining and downsizing afoot.

Not only has President Trump announced the nomination of Howard Lutnick as Commerce Secretary, but he has also announced that Lutnick will carry the role and “responsibility for the Office of the United States Trade Representative” (USTR).

[LINK]

Perhaps in the second term President Trump and Howard Lutnick are going to fold the USTR into the Dept of Commerce?  Interesting.

Hopefully, Howard Lutnick, like Wilbur Ross, will keep the U.S. Chamber of Commerce blocked from influence over the upcoming trade discussions and potential trade agreements.  We note that former USTR Lighthizer was part of the transition discussion, and it seems odd his name has not surfaced…. yet.

Regardless, Howard Lutnick is an excellent choice for all the reasons previously outlined.

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In September we noted Howard Lutnick was the *ONLY* person, other than former Commerce Secretary Wilbur Ross, who accurately outlined: (1) Energy as the core source of sticky inflation; and (2) ending the Marshal Plan for EU tariffs as a key objective in term-2.

In combination with his eloquence in outlining MAGAnomics, which is remarkably impressive, this combination of skillsets would make Howard Lutnick the ideal candidate for Term-2 Commerce Secretary.  The guy simply ‘gets it.’ {SEE HERE}

Howard Lutnick was also in the running for Treasury Secretary; however, today several media outlets are reporting that Lutnick is likely to be nominated as Commerce Secretary, making him the first and leading WOLVERINE announced in the MAGAnomic team.

WASHINGTON DC – Donald Trump is expected to nominate veteran Wall Street financier Howard Lutnick to lead the Commerce Department, according to people familiar with the matter, elevating one of the financial world’s most vocal supporters of the president-elect to a crucial position overseeing the incoming administration’s economic agenda.

Lutnick, chief executive of the financial-services firm Cantor Fitzgerald, in recent months has become a close Trump ally and had been a top contender to lead the Treasury Department. As the co-chair of the president-elect’s transition team, Lutnick has spent much of his time at Mar-a-Lago, Trump’s private Florida club, poring over shortlists of candidates for positions in the administration.

A spokeswoman for Lutnick declined to comment. A Trump transition team spokeswoman didn’t immediately respond to a request for comment. Punchbowl News earlier reported that Trump was expected to chose Lutnick for the role. (read more)

Howard Lutnick gets it. The essential core of MAGAnomics.  Drive down the cost of goods through expanded energy development, then leverage reciprocity in tariffs to end the exfiltration of wealth.  Then cut out regulation and unleash American enterprise. This is the way to reverse this insufferable economic trajectory that creates a “service driven economy.”   The entire interview is well worth watching:

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