President Trump, President Zelenskyy and the CIA continue to deny any involvement on the drone attack against Russian Federation President Vladimir Putin’s state residence.  However, Russia has released evidence from the drones that were shot down including the guidance and targeting systems.

Someone launched the drones from Ukraine and targeted them at Putin’s residence to send a message.  There is considerable debate online about it, but if President Trump and Volodymyr Zelenskyy are speaking truthfully, the most likely suspect who launched the drones was British intelligence inside Ukraine.  Then again, if the CIA was factually involved, everyone would have to deny it.

In retaliation for the December 29th attack, yesterday Russia fired a hypersonic Oreshnik missile and counterattack drones directly into the heart of Kiev, Ukraine.

The use of the Oreshnik missile comes just hours after Russian President Putin asserted publicly that Ukraine, Europe and NATO have no defenses against the hypersonics.

President Zelenskyy said the Russian attack involved 242 drones, 13 ballistic missiles, one Oreshnik missile and 22 cruise missiles. However, as with all things Zelenskyy, this dramatic claim seems to be slightly exaggerated.

Russia claims they targeted key electricity infrastructure as well as the production facilities for building drones in Kiev which are collocated in residential areas.

Images of the hypersonic missile warheads hitting their targets is shown at left.  Much of Kiev is now without power and electricity.

The Russian Defense Ministry said, “in response to the terrorist attack by the Kiev regime on the residence of the President of the Russian Federation in Novgorod region, launched on the night of 29 December 2025, the Russian Armed Forces launched a massive strike with high-precision long-range ground- and sea-based weapons including the Oreshnik mobile ground-based medium-range missile system as well as attack unmanned aerial vehicles at critically important facilities on the territory of Ukraine. All the assigned targets have been hit. Production facilities of unmanned aerial vehicles that were used during the terrorist attack as well as power infrastructure enterprises that supported the defense industry of Ukraine have been damaged.”

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Energy Secretary Wright asked Chevron CEO Mike Wirth to give some information about the current status of the Venezuelan oil industry.  Chevron has been on the ground in Venezuela for a long period of time and has significant infrastructure investment already in place.

Wirth notes that with current personnel (3,000) and equipment (4 locations) on site, Chevron could likely double capacity almost immediately, however, from there it would take approximately 18-months to gain more significant outputs.

President Trump asked if Chevron was in a position of advantage from already having their people and material already in operation, Wright noted generally yes, they do; however, the opportunities for industrial capacity gains are significant.

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During the energy roundtable, Secretary Rubio made remarks outlining the three phases within the U.S. policy toward Venezuela.  Essentially the core of the policy is: (1) Stabilization; (2) Transition, and (3) a Return to sovereign representative democracy.

The initial phase is ‘stabilization,’ where the U.S. government is working with existing leadership in Venezuela under tight controls and clear expectations.  Reconciliation of political factions is supported. The U.S. leverage is maintained by financial and economic control, provided by the threat of U.S. military.  Venezuela’s oil production pays for U.S. oversight.

The second phase involves ‘transition’, where the civic and governing responsibilities are shared between the existing Venezuelan leadership and aligned policy of the U.S. government.  In the transitional phase the economic wealth is apportioned to the people of Venezuela with oversight by the U.S. government.

The third phase ‘sovereign representative democracy’ happens when the reformed government holds legitimate elections to decide the representative form of government, the voice of the people, within Venezuela.  The U.S. influence then begins to withdraw, and new sovereign political leadership takes control.

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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.

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She really doesn’t have much choice.  President Trump has shown the Venezuelan government how the U.S. can put a complete stranglehold on the South American country if they do not adhere to the transition plans of Trump and Secretary of State Marco Rubio, the enforcer.

Following the U.S. capture of Nicolás Maduro, Venezuela’s new government under Delcy Rodríguez has begun releasing political prisoners in a bid to foster unity and peace. The change in Venezuelan politics comes directly as the result of President Trump using the military to block oil shipments, the major source of revenue for the nation.

The move seems to indicate a potential shift in Venezuela’s political landscape, though compliance with the Trump administration is likely happening through gritted teeth.

[SOURCE]

MIAMI – The interim government of Venezuela is releasing of “an important group” of Venezuelan and foreign political prisoners to guarantee unity and peace, according to Jorge Rodríguez, the president of the parliament and brother of the new president in charge of the South American country.

Rodríguez, who also represented now-deposed Venezuelan ruler Nicolás Maduro for years in political negotiations with the opposition and the United States, indicated Thursday that the government of his sister, Delcy Rodríguez, was working together with the rest of the state institutions to carry out what he defined as “a unilateral gesture” of the executive branch.

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Treasury Secretary Scott Bessent is leading the charge to focus on Minneapolis, Minnesota Somali fraud rings for targeted regional actions.  The IRS Criminal Investigations division has been dispatched to focus on the Minneapolis region to identify fraudulent use of public assistance services, combined with the abuse of federal taxpayer funds.

In a remarkable approach, Secretary Bessent announced during a Fox News interview that a regional targeting effort is now underway that will block anyone who receives public assistance from sending money overseas (remittances to foreign countries).  This is not a fee or tax on the remittance, or financial transaction; this is a complete block of their ability to send money overseas.  Anyone receiving public assistance will not be able to send money to foreign lands.

Yes, it seems like this is initially going to be subject to the honest admission of the money sender. However, with the IRS reviewing each transfer and cross referencing to public assistance records anyone who attempts to work around this regulation will be subject to federal laws on financial fraud, wire service fraud and potentially money laundering.  WATCH:

The interagency focus will eventually go nationwide, as with the new USAO position that focuses on public assistance fraud; but for now, that focused effort will target Minnesota.   Minneapolis will be the beta test for a national rollout.

All of the money service businesses in the region will now be reviewed and all financial transactions of $3,000 will be required to have an accompanying Suspicious Activity Report (SAR).  With DHS, FBI and now IRS investigators focused exclusively on the two counties involved in the Somali fraud rings, the fraudsters will be identified and prosecuted.

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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:

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President Trump sat down with Sean Hannity to communicate with the segment of the MAGA support base who still watches Fox News.

Within the interview President Trump discusses the operation to capture Venezuelan dictator Nicolas Maduro and the ongoing policy objectives for the region.

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Giddy up.  Yesterday, President Trump and Marco Rubio announced the U.S. withdrawal from the United Nations Framework Convention on Climate Change (UNFCCC). {GO DEEP} Today, Treasury Secretary Scott Bessent makes the official notification to the UN.

The notification is important because the 1992 UNFCCC was ratified by the U.S. Senate 34 years ago, making it one of the first UniParty climate change pacts supported by the ¹DC business model.

According to the terms of the treaty, withdrawal from the UNFCCC requires an official notification to the United Nations, and the dissolution takes effect one year later.

TREASURY PRESS RELEASE – WASHINGTON – In alignment with the Trump Administration’s decision to withdraw from the UN Framework Convention on Climate Change (UNFCCC), the U.S. Department of the Treasury has notified the Green Climate Fund (GCF) that the United States is withdrawing from the Fund and stepping down from its seat on the GCF Board, effective immediately.

“Our nation will no longer fund radical organizations like the GCF whose goals run contrary to the fact that affordable, reliable energy is fundamental to economic growth and poverty reduction,” said U.S. Secretary of the Treasury Scott Bessent.

The Trump Administration is committed to advancing all affordable and reliable sources of energy, which are fundamental to economic growth and poverty reduction. The GCF was established to supplement the objectives of the UNFCCC, and continued participation in the GCF has been determined to no longer be consistent with the Trump Administration’s priorities and goals. (SOURCE)

For those who have a tough time accepting wins, no, the next President cannot just rejoin the agreement; nor can the Senate block Trump’s withdrawal from it.  The entire process would have to be restarted, and it’s a heavy lift to sell the American public on paying higher prices just to make pontificating global elites feel better about themselves.

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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)

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