The Federal Reserve is spending $2.5 billion to renovate existing buildings for the agency. The cost overruns so far exceed $700 million in taxpayer money. Both President Trump and OMB Director Russ Vought are furious at the costs.
The $2.5bn refurbishment of the FED headquarters is at the center of focus by the White House, looking specifically at Jay Powell the central bank’s chair. Russell Vought has compared the ridiculous renovation cost to the building of the Palace of Versailles and described cost overruns as “outrageous”.
President Trump, a builder who knows the price of all things in the construction sector, takes matters into his own hands and grabs a hard hat to tour the facility that is not expected to be finished for another two years. Here are his initial remarks (prompted):
President Trump heads to the Federal Reserve today to tour a new FED building and renovation process that is experiencing massive cost overruns. There are some impromptu remarks that were previously made moments ago that I will break out in another post; however, President Trump is expected to deliver remarks shortly.
Terry Bollea, aka “Hulk Hogan, died this morning of an apparent heart attack. He was 71.
Hulk Hogan was an iconic pro wrestler who brought an entire generation into the sport and became a bigger than life personality in the wrestling, entertainment and acting community. Hogan also delivered a memorable speech in 2024 during the Republican National Convention where he supported President Trump and JD Vance.
President Trump delivered remarks via Truth Social: “We lost a great friend today, the “Hulkster.” Hulk Hogan was MAGA all the way — Strong, tough, smart, but with the biggest heart. He gave an absolutely electric speech at the Republican National Convention, that was one of the highlights of the entire week. He entertained fans from all over the World, and the cultural impact he had was massive. To his wife, Sky, and family, we give our warmest best wishes and love. Hulk Hogan will be greatly missed!”
FLORIDA – Pro wrestling icon Hulk Hogan has died, police and World Wrestling Entertainment said Thursday. He was 71.
First responders were called to the Clearwater Beach, Florida, home of Hogan, whose real name was Terry Bollea, around 9:50 a.m. Thursday, police said.
“The nature of the call was for a cardiac arrest,” the Clearwater Police Department said in a statement. He was taken to Morton Plant Hospital, where he was pronounced dead. (more)
The Japanese essentially did not want to face a 25% tariff on automobiles exported to the USA. At the same time, they did not want to permit full USA access to several sectors of their market. The solution is quite remarkable.
Japan agrees to be the bank, to essentially finance any national security priority of President Trump to the tune of $55o billion. In return, Japan gets a 15% tariff on automobiles, and 10% return on the profit of the ¹business they finance in the U.S. Japan is essentially purchasing a lower tariff rate.
PRESIDENT TRUMP – “We just completed a massive Deal with Japan, perhaps the largest Deal ever made. Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits. This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it. Perhaps most importantly, Japan will open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things. Japan will pay Reciprocal Tariffs to the United States of 15%. This is a very exciting time for the United States of America, and especially for the fact that we will continue to always have a great relationship with the Country of Japan. Thank you for your attention to this matter!”
Commerce Secretary Howard Lutnick explains:
EXAMPLE: President Trump wants generic drug manufacturing in the USA. U.S. company ‘Main Street Drugs’ agrees to build a $100 billion manufacturing plant. Japan finances the building and company creation. Main Street Drugs owns and operates the business, keeps 90% of the profits, Japan gets 10%.
Trump (USA) has $450 billion in financing left to spend on the next priority, perhaps a railroad connection or transit system.
President Trump travels to Andrew W. Mellon Auditorium today to deliver remarks to an Artificial Intelligence summit and sign an executive order. The anticipated start time is 5:00pm with Livestream Links Below:
Today, Director of National Intelligence (DNI) Tulsi Gabbard declassified and released the 2020 House Permanent Select Committee on Intelligence report (HPSCI), that outlines their investigation into the Intelligence Community Joint Analysis Report (JAR) of 2016 and the Intelligence Community Assessment (ICA) that followed.
I know that’s a lot of acronyms, however, the key element of Director Tulsi Gabbard’s release today is to underscore just how fraudulent the JAR/ICA created in 2016 and 2017 was. The JAR/ICA report was fabricated by the CIA and Intelligence Community to give the appearance of Russia interfering in the election. The declassified HPSCI report takes that fraudulent intelligence analysis apart, step by step.
The JAR/ICA was also used to justify President Obama expelling Russian diplomats, confiscating Russian property, targeting Russian officials for sanctions, and imposing a series of sanctions against various Russian entities, individuals, groups and organizations. All of the Obama’s Russian targeting effort was part of an enhanced IC op to give additional patina of credibility to the fraudulent premise.
In many ways, Russia was collateral damage created by a domestic USA political intelligence operation run by Obama allies in order to attempt to destabilize the incoming administration of President Donald Trump. ¹The framing of both Donald Trump and Russia is going to be a key facet to accept as time moves forward on this story.
¹The timing does not appear to be accidental. President Trump gives Russia 50 days to come to the negotiation table and end the conflict in Ukraine. A few days later, DNI Tulsi Gabbard begins releasing information that shows both President Trump and President Putin being framed by the U.S. Intelligence Community.
It would appear that President Trump is setting a new baseline for a relationship with Russia. However, first the tables need to be cleared of the historic manipulation and targeting that structurally, and fraudulently, set the course of conflict and antagonism in U.S-Russia relations.
Boy howdy, this judicial activism is reaching new heights. Federal judges in New Jersey invoked a rarely used judiciary power to remove interim U.S. Attorney Alina Habba, installing her top assistant as the state’s top prosecutor. However, hours later the Trump administration responded by removing Habba’s deputy.
This is where Majority Leader John Thune can come into play and push for a faster track confirmation of Habba through the senate.
POLITICO – Federal judges declined to keep President Donald Trump’s former personal attorney as New Jersey’s top federal prosecutor, exercising an arcane statute to rebuff the Trump administration’s wishes.
New Jersey district court judges voted to not let interim U.S. Attorney Alina Habba stay on the job after her 120-day interim term expires, instead picking prosecutor Desiree Leigh Grace, according to a court order posted to the judiciary’s website.
Former President Barack Obama has released a statement following both DNI Tulsi Gabbard and President Trump outlining the Obama administration’s conspiracy operation to target Donald Trump in 2016 and beyond.
Obama’s office said in a statement, “Out of respect for the office of the presidency, our office does not normally dignify the constant nonsense and misinformation flowing out of this White House with a response. But these claims are outrageous enough to merit one. These bizarre allegations are ridiculous and a weak attempt at distraction.”
“Nothing in the document issued last week undercuts the widely accepted conclusion that Russia worked to influence the 2016 presidential election but did not successfully manipulate any votes. These findings were affirmed in a 2020 report by the bipartisan Senate Intelligence Committee, led by then-Chairman Marco Rubio.” (link)
Speaking about the information released last week by Director of National Intelligence, Tulsi Gabbard, President Trump concurs with the big picture overview that President Obama was involved and responsible for the targeting of him during the 2016 election and beyond. WATCH:
Beyond the targeting by the Obama administration, what President Trump says about the 2020 election is entirely accurate. One of the primary reasons CTH and those voices who are deep weeds researchers were targeted for removal by DHS using Big Tech, was entirely to stop the information about the rigged and fraudulent 2020 election.
Hundreds of key voices silenced, deplatformed, removed from visibility and forced to reorganize under different platform and systems. Thousands of patriotic Americans were black-listed and had their social media accounts removed during the operation.
DHS was directly involved with Facebook, Twitter, Instagram, YouTube, Google and many others during this unprecedented information control operation. I reemphasize this now, because CTH is going to be talking about this very soon in detail, because all indications are there’s another operation being planned for 2028. But that’s for another day.
In 2018, Canadian Prime Minister Justin Trudeau relied heavily on House Speaker Nancy Pelosi for assistance when the U.S. and Mexico constructed the majority of the USMCA trade pact. Today, Canadian Prime Minister Mark Carney takes the same approach.
PRESS RELEASE – “Today, the Prime Minister, Mark Carney, met with a bipartisan delegation of United States senators in Ottawa. The Senator for Oregon, Ron Wyden, the Senator for Alaska, Lisa Murkowski, the Senator for New Hampshire, Maggie Hassan, and the Senator for Nevada, Catherine Cortez Masto, were present.” (more)
The 35% tariffs against Canada are scheduled to go into effect on August 1st.
