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)
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Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.
For Thine is the kingdom and the power and the glory, forever and ever. Amen †
Main Justice has announced the formation of a DOJ strike force to assemble and assess the evidence provided by Director of National Intelligence, Tulsi Gabbard, against former intelligence and government officials.
This will require the DOJ to take a new approach, extracting information from multiple silos and then overlaying context to the content therein.
That’s essentially the new approach that DNI Gabbard has taken to break down the silo defenses, and this is the first time since I’ve been outlining how they self-protect that someone (DNI) has actually done the extracting and cross-referencing.
Dept of Justice – WASHINGTON – Today, the Department of Justice announced the formation of a Strike Force to assess the evidence publicized by Director of National Intelligence Tulsi Gabbard and investigate potential next legal steps which might stem from DNI Gabbard’s disclosures.
This Department takes alleged weaponization of the intelligence community with the utmost seriousness.
Upon the formation of the Strike Force, Attorney General Pamela Bondi stated:
“The Department of Justice is proud to work with my friend Director Gabbard and we are grateful for her partnership in delivering accountability for the American people. We will investigate these troubling disclosures fully and leave no stone unturned to deliver justice.” (LINK)
Don’t underestimate how radical and challenging this type of an approach is going to be.
OIG Michael Horowitz never could attempt it (not authorized), SC John Durham was not permitted to do it (not authorized); the House Select Sub-Committee on Govt Weaponization ran away with hair on fire at even the suggestion of doing it (ask me how I know), and no modern internal investigative unit has ever been allowed to extract national security information from multiple IC institutions, and review it in context.
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.
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