Acting Attorney General Todd Blanche announced a major, coordinated federal and state crackdown on massive fraud schemes across Ohio. AAG Blanche detailed a 32-count indictment involving state employees, a scheme to defraud Medicare, Medicaid, the COVID-19 relief program PPP, and emphasized the administration’s relentless pursuit of law and order to protect American taxpayers.

Acting AG Blanche outlined a partnership with officials in the state of Ohio that has now identified thousands of individuals and groups that are under investigation and/or facing indictment as a result of the findings so far. [DOJ Press Release Here] Press Conference Below:

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DOJ – The Justice Department today announced unprecedented federal and state cooperation in Ohio in the fight against fraud, including partnerships and a data sharing agreement to enhance the detection and prosecution of fraud; federal and state charges against 9 defendants for their alleged participation in over $42 million in fraud; orders of detention this week for three defendants, with two additional defendants pending extradition in connection with an additional $15 million in fraud; and the creation of the FBI’s Most Wanted Fraudsters list.  The charges announced today involve numerous types of fraud, including health care fraud, government program fraud, and consumer fraud schemes.  

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Mike Steger takes less than 20-minutes to walk through a year of President Trump’s multifaceted U.S. manufacturing policy initiatives that have positioned the U.S. economy for a massive surge in growth. Steger recaps several consequential moves by President Trump and his cabinet to fundamentally change economics in the Western Hemisphere. Each point is well delivered and well presented.

Steger then overlays the economic moves with the geopolitical moves in Venezuela (oil), Cuba (communism ended), Mexico (cartels, traffickers and corruption), Canada (globalism confronted) and finally Greenland (a new consulate is created). Put together, Steger notes how all of these move’s work together with a massive surge in energy, technology and productivity to create a hemispheric powerhouse within the United States. WATCH:

TIMESTAMPS
00:00 Intro
01:10 Volcker and the Origins of Globalization
02:30 NAFTA and the Collapse of Industrial America
04:05 Liberation Day and the Tariff Battle
05:30 China’s Rare Earth Weapon
06:45 Rebuilding American Industry

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Speaking to an audience at the Ronald Reagan National Economic Forum in California, Treasury Secretary Scott Bessent outlines how flawed trade, financial and economic policies of the past have brought us to a critical moment where President Donald Trump needs to reset the entire system in order to protect American interests.

This is a powerful and well delivered speech certain to gain attention from those who understand the challenge.  Secretary Bessent pulled no punches as he outlined how members of the audience themselves have contributed to a system that has eroded the national security of our nation state by advancing short-term interests disconnected from the American workforce and American industrial base.

The message was simple, “economic security is national security” and a failure to recognize how corporations chasing profits only contributed to the diminishment of internal American wealth.  The patriotic priority must be to return economic strength to the U.S., and all Americans must benefit from renewed economic nationalism.  The American system must be restored.  WATCH:

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Norm Eisen and his two dozen allies within the various Lawfare NGO’s have again interceded and temporarily blocked the financial settlement between the IRS/DOJ and Donald Trump, the $1.776 billion anti-Weaponization Fund settlement.

The weaponization fund was established as part of a settlement agreement between Mr. Trump and the Internal Revenue Service to end a civil lawsuit he and his sons filed in January over the illegal leaking of his tax returns by the IRS. While President Trump will receive no benefit from the settlement, under the agreement the fund aims to “provide a systematic process to hear and redress claims of all others who suffered weaponization and lawfare.”

There is zero legal precedent for a non-participant in the settlement to interfere in the terms and conditions of the settlement itself.  All outside parties have zero standing to interfere in the settlement and all reasonable legal minds will tell you exactly the same.  A Lawfare challenge is futile because taxpayers do not have legal standing to stop the govt from settling lawsuits (see Pigford et al).

In 1923 the Supreme Court said that a taxpayer’s interest in money from the Treasury “is shared with millions of others” and is “comparatively minute and indeterminable.” “If we have an intersection collision with a postal truck and a settlement is negotiated to give $5 million to a family, does anybody have standing to come in and say, ‘the government paid too much in that settlement?'”  The answer is no.

However, the law is really not what stands behind the Lawfare approach. Lawfare is a political strategy designed for public consumption that relies upon the media and stupidity of the American populace.  Smart, intelligent and reasonable people can see through Lawfare when applied.

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…”A cascading series of events could cause a sharp loss of investor confidence and lead to a spike in demand for liquidity or rapid asset sales”…

That’s a diplomatic way for the Bank of Canada to say the current financial situation in Canada is tenuously at risk, if the economic relationship with the United States severs as a result USMCA points of conflict becoming irreconcilable.  An interesting statement against the backdrop of Prime Minister Mark Carney having just visited New York making a pitch to American investors {citation}.

The Bank of Canada released their 2026 Financial Stability Report {see pdf here}, and Senior Deputy Governor Carolyn Rogers and Deputy Governor Toni Gravelle delivered remarks today about the analysis.  I’ve prompted the video below to the point of interest, as well as the transcript for the portion being highlighted [7:12 to 9:15].  WATCH:

[Transcript]  – […] “However, vulnerabilities have increased in some parts of the system. Stock and corporate debt valuations have risen and are high relative to historical norms. This makes markets more vulnerable to a sharp correction.

The issuance of global sovereign debt is also rising, and hedge funds are playing a bigger role in buying that debt, often using borrowed money. In normal times, hedge fund activity helps keep markets running smoothly. But if conditions become strained, this activity could amplify stress and disrupt core funding markets.

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This should be interesting.  As White House Press Secretary Karoline Leavitt remains on maternity leave, the Trump White House has done something remarkable and very unique.  Cabinet members are taking turns delivering the White House press briefing.

Today, Treasury Secretary Scott Bessent steps up to the podium and will be delivering the White House briefing at 2:00pm ET.  Secretary Bessent has been one of the standout leaders throughout the first seventeen months. Livestream links below:

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I never quite understood just how controlled the information flow is inside Canada until about two years ago when we began closely monitoring Canadian positioning for the upcoming USMCA (CUSMA) renegotiation/cancellation.  It quickly became obvious the majority of Canadians have no idea why it is almost a certainty the U.S. would exit the trilateral arrangement and position for a bilateral free trade agreement.

In the two years that have passed, now we see a few Canadians starting to realize the core issues of trade conflict that make any FTA between the U.S. and Canada almost impossible.  The largest issue centers around Canada’s net-zero carbon legislation that now completely disconnects them from aligned North American energy policy between the U.S. and Mexico.

A trilateral agreement requires core alignment on industrial manufacturing, and that requires similar abilities & similar energy policy.  You cannot make steel, iron and aluminum without coal and gas.  You need joules for heavy industrial manufacturing that cannot be achieved without exploiting coal, gas or oil (carbon materials).  Canada’s energy policy no longer aligns with industrial manufacturing. This core issue cannot be resolved at the current level of energy policy in Canada.

There are other issues like Canadian trade deals with China, non-tariff barriers, legislated rules over intellectual property and other points of significant friction that make alignment within North America challenging. However, the energy component makes compatible trade impossible.

In the interview below, U.S. Ambassador to Canada Pete Hoekstra appears on a podcast with David Leis, for a blunt conversation about trade, pipelines, critical minerals, China, and why the U.S. is growing frustrated with Canada’s direction.  At the end Hoekstra even explains why he is doing Canadian podcasts; because information within Canada is restricted by the government control of media – and that explains why most Canadians are clueless about the issues.

I’ve prompted the interview to the point that gets into the details. If you are interested to be fully understanding of what is coming, this is a solid reference point. Also, if you have financial investments associated with Canada or any system that is connected to the economic relationship between the U.S. and Canada, you need to watch this interview to proactively defend your financial interests.  VIDEO PROMPTED:

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Watch it or listen to this roughly 30 minutes (prompted) as you cook, drive or go about your day. But listen to it and see the disconnect between Canada and the USA as outlined.  Things are going to get much worse in this relationship as the finality of it all suddenly starts to sink in north of the border with the average Canadian.

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Remarkably, many news articles are citing confusion in trying to understand why U.S. Undersecretary of War, Elbridge Colby, announced the suspension of U.S. participation in the Permanent Joint Board on Defense with Canada. However, the announcement comes immediately after his meeting with U.S. ambassador to Canada, Pete Hoekstra, at the Pentagon and the comment, “we’re working closely to ensure every NATO partner, including Canada, reaches the Hague Summit’s 3.5% GDP defense spending target, a vital investment for North American and Arctic defense.”

The issue, as outlined by Undersecretary Colby, centers around Prime Minister Mark Carney’s recent statements in antagonism toward the U.S., a public announcement that Canada would not be purchasing U.S. military equipment and the biggest issue of all, that Canada is not living up to the NATO defense spending agreements.

It was in December of 2024, immediately after the November election where Donald Trump won, when then Prime Minister Justin Trudeau flew to Mar-a-Lago for dinner with President Trump and told him there’s no way that Canada could meet their NATO obligations.  Canada had relied on the USA to provide all national defense and was 16th in defense spending at 1.1% of GDP. {CITATION}

The issue of NATO compliance was part of a larger discussion around trade imbalances, non-tariff barriers, intellectual property conflicts and legislative hurdles that Canada used as a crutch to retain economic benefit without reciprocity.

Trudeau was arguing that Canada could not change all the points of conflict, drop their non-tariff barriers, comply with NATO demands and simultaneously get into total alignment with the USMCA trade compact (CUSMA to Canada), because their climate policies did not support or match the heavy industrial processing capabilities of both the United States and Mexico.

This triggered President Trump to respond with the 51st state, notation.  Essentially, if you cannot be a partner with equal capabilities; and if you need to retain structural economic dependency; then Canada should just become a 51st state of the USA.

Since that time, things went downhill quickly.  Instead of trying to find ways to eliminate points of conflict, Prime Minister Mark Carney began a campaign of aggressive anti-Trump narrative distribution in order to maximize domestic political benefits.

President Trump then turned toward Mexico and began working with USTR Jamieson Greer to construct what is essentially a bilateral trade agreement between the U.S. and Mexico.

The administration began ignoring Canada, planning instead to announce the upcoming dissolution of the USMCA and then force Canada to negotiate a bilateral.  A jilted Canada then began doubling and tripling down on the anti-Trumpism, with Carney saying the era of trade between the USA and Canada is over.

Carney then reached out to Europe and China for trade replacement value and began making announcements about no longer purchasing U.S. manufactured fighter jets and military hardware.

U.S. Undersecretary of War, Elbridge Colby meets with U.S. Ambassador to Canada, Pete Hoekstra, and obviously the NATO stuff is just the straw that ended the U.S. participation in the Permanent Joint Board on Defense with Canada.  Not a complicated timeline to figure out.

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I’m not going to spend too much time on this as I suspect most readers are well aware of my predictions on the matter.  Suffice to say Treasury Secretary Scott Bessent and the Office of Foreign Assets Control (OFAC) has extended the sanctions waiver on Russian oil and gas for another 30-days. {citation}

[SOURCE]

The OFAC waiver targets Russian oil/gas that was loaded onto floating storage platforms as of April 17, 2026.  The destination of the oil/gas will primarily be China, India and Southeast Asia; westbound Arctic supply route. The general license means all of the ASEAN countries can purchase in dollars and provides Russia with an exchange for the same currency valuation.  Once again, Zelenskyy -and Europe- will not be happy.

There is a certain irony in Europe previously banning the import of Russian oil/gas (EU sanctions) and now, when they desperately need it, the supply is flowing in the opposite direction.  Both Russia’s Arctic I and Arctic II platforms are operating to produce the supply; however, as many readers here will note they coincidentally :::nudge, nudge – wink, wink::: started pumping supply to “on the water” storage for six months prior to the beginning of the Iran conflict.   This is the third U.S. waiver of sanctions.

Russian Federation President Vladimir Putin is scheduled to arrive in Beijing on Wednesday. {GO DEEP}

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There was much fake news about the tech and finance leaders traveling with President Trump to China.  Moments ago, President Trump corrects the record:

TRUTH SOCIAL – “CNBC incorrectly reported that the Great Jensen Huang, of Nvidia, was not invited to the incredible gathering of the World’s Greatest Businessmen/women proudly going to China. In actuality, Jensen is currently on Air Force One and, unless I ask him to leave, which is highly unlikely, CNBC’s reporting is incorrect or, as they say in politics, FAKE NEWS!

It is an Honor to have Jensen, Elon, Tim Apple, Larry Fink, Stephen Schwarzmann, Kelly Ortberg (Boeing), Brian Sikes (Cargill), Jane Fraser (Citi), Larry Culp (GE Aerospace), David Solomon (Goldman Sachs), Sanjay Mehrotra (Micron), Cristiano Amon (Qualcomm), and many others journeying to the Great Country of China where I will be asking President Xi, a Leader of extraordinary distinction, to “open up” China so that these brilliant people can work their magic, and help bring the People’s Republic to an even higher level! In fact, I promise, that when we are together, which will be in a matter of hours, I will make that my very first request. I have never seen or heard of any idea that would be more beneficial to our incredible Countries!”

~ President DONALD J. TRUMP

“Tim Apple” always cracks me up. lol

As previously noted and discussed by USTR Jamieson Greer, since the original trip to Beijing was announced several months ago, it was very easy to identify this visit was not a customary ‘state visit’ in the formal sense of the term.  Instead, this trip was always planned as a trade, finance and economic business trip specifically to engage Chairman Xi with a financial and investment focus.

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