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Another Great Recipe for Pancakes

Making good pancakes is one of the easiest processes; however, you need just the right ingredients.  Consider this recipe next time:

2 large eggs

1 1/4 cups whole milk

4 tablespoons melted butter

1/4 teaspoon salt

1 3/4 cups flour

2 teaspoons baking powder

1 tablespoon sugar

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President Trump Demands Collateral for Taxpayer Money Sent to Ukraine – “Rare Earth Minerals” Will Suffice

Oh, this is a little funny.  The vertically challenged Ukrainian president who dresses like a UPS driver, is now likely to make a deal with President Trump where Ukraine puts up their “rare earth minerals” as collateral for taxpayer funds received by the United States.

Previously President Trump remarked that U.S. leadership were “stupid” for not securing Afghanistan future mineral contracts in exchange for U.S. military operations. Talking about the Ukrainian expectation from the oval office earlier today, President Trump outlined his expectations that Volodymyr Zelenskyy put up the rare earth minerals as collateral for continued financial support.  WATCH:

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WASHINGTON (AP) — President Donald Trump on Monday indicated that he wants to reach an agreement with Ukraine to gain access to the country’s rare earth materials as a condition for continuing U.S. support for its war against Russia.

Speaking to reporters in the Oval Office, Trump complained that the U.S. had sent more in military and economic assistance to Ukraine than its European partners, adding, “We’re looking to do a deal with Ukraine where they’re going to secure what we’re giving them with their rare earth and other things.”

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President Trump Signs Several Executive Orders and Takes Questions from Press Pool

Earlier today, President Trump signed several executive orders recognizing and structuring ongoing efforts including the creation of a USA “Sovereign Wealth Fund.”   Full Video below:

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WASHINGTON DC – […] The new wealth fund, which Treasury Secretary Scott Bessent told reporters could be formed in the next 12 months, could be used to finance major government projects and fund strategic investments in critical areas like supply chains. Sovereign wealth funds in the Middle East and Europe are among the largest institutional investors in the world, providing massive pools of capital for Wall Street firms and the U.S. tech industry.

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Canada and Mexico Agree to Terms Supporting Border Security and Drug Trafficking – Border Security Tariffs Paused for 30 Days

Both Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum have agreed to terms established by President Trump to combat drug trafficking and secure their perspective borders.

Mexico agrees to put 10,000 troops on the USA border to immediately begin security efforts. Canada agrees to bolster their 10,000-border patrol and security officers, establish a joint task force to combat organized crime, create a new intelligence directive on organized crime and fentanyl, and appoint a Fentanyl Czar.

[Source]

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Secretary of State Marco Rubio Announces He is Now Acting Director of USAID – 30 More Staff Removed, Total USAID Leadership Purged Now Around 100

Secretary of State Marco Rubio is traveling through Panama, El Salvador, Costa Rica, Guatemala and the Dominican Republic as he represents President Trump and the new administration.  He’s doing great.

Today, Secretary of State Marco Rubio delivered remarks to reporters in El Salvador discussing his role as Acting Director of USAID after President Trump and Elon Musk moved to incorporate USAID into the State Department.  Secretary Rubio repeated that USAID must align with U.S. foreign policy and the national interests of the U.S. government.

Citing the “uncooperative” nature of the USAID leadership acting as an independent entity, Secretary Rubio announced he is now Acting Director of USAID with the intention of removing all elements who operate against the direct U.S. interests he outlined.  Additionally, Secretary Rubio affirmed the positive nature of President Trump’s call with Mexican President Claudia Sheinbaum [Details soon]. WATCH:

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WASHINGTON, Feb 2 (Reuters) – The Trump administration over the weekend put on administrative leave dozens more staff at U.S. Agency for International Development, three sources familiar with the move said, as it moves to abolish the agency’s independence and bring it under the control of the State Department.

Nearly 30 career staff in the agency’s Legislative and Public Affairs bureau lost access overnight to their emails, the sources said, bringing the total number of senior USAID career staff who have been put on leave over the past week close to 100.

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Following Secretary Rubio Visit, Panama Announces Exit from Chinese Belt and Road Initiative

Knowing the severe ramifications likely and taking a proactive approach toward root-cause analysis, CTH attended the ASEAN summit to gauge how Asia was likely to respond to Trump term-2 and the looming possibility of a severe nationalist approach toward a renewal of USA manufacturing. The untangling of the Beijing Belt & Road initiative was a key topic of interest noted.  [Watch Vietnam, Thailand and the Philippines.]

Secretary of State Marco Rubio traveled to Panama this weekend to express the position of President Donald Trump as it pertains to Chinese influence over the maritime transit gateway known as the Panama Canal. Following the meeting with President José Raúl Mulino, the government of Panama has announced they will no longer support China’s Belt & Road initiative.

Photographic message received; or the one-time Rubio needed to be shorter, you decide.

STATE DEPT – Secretary of State Marco Rubio met with Panamanian President José Raúl Mulino and Foreign Minister Javier Martínez-Acha today in Panama City to address critical regional and global challenges. Secretary Rubio informed President Mulino and Minister Martínez-Acha that President Trump has made a preliminary determination that the current position of influence and control of the Chinese Communist Party over the Panama Canal area is a threat to the canal and represents a violation of the Treaty Concerning the Permanent Neutrality and Operation of the Panama Canal. Secretary Rubio made clear that this status quo is unacceptable and that absent immediate changes, it would require the United States to take measures necessary to protect its rights under the Treaty.

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February 3rd – 2025 Presidential Politics – Trump Administration Day 15

In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the Donald Trump Administration and Presidency.

This thread will refresh daily and appear above the Open Discussion Thread.

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Monday February 3rd – Open Thread

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 †

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President Trump Holds an Impromptu Presser at Joint Base Andrews – Video

President Trump arrives back in Washington DC and holds a presser on the tarmac at Joint Base Andrews.  WATCH:

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These remarks will be the headlines tomorrow.

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With Tariffs in Place, Watch the Canadian Dollar and Mexican Peso

In December of 2016 when we discussed the possibility of President Trump’s then new and unique tariff approach, we predicted negligible impact – if any at all.  It was a theory at the time, but predicated on the looming possibility that impacted nations would inevitably devalue their currency. It was the currency devaluation, in combination with directed subsidies, that would offset any tariff impact to U.S. consumers.

By the time we got to December 2019, we were no longer discussing theory.  Deflation due to currency devaluation, subsidy and a rising dollar actually became reality.  The lookback data (2017 through 2019) proved the tariffs did not raise prices. In fact, the opposite happened, we were importing broad-based deflation.

Now it’s 2025 and again China is hit with tariffs, along with Canada and Mexico.  With history as a reference, watch the Canadian Dollar and the Mexican Peso.  Initial impact shows the same thing repeating again. The U.S. dollar is rising in value, and the Canadian dollar is dropping quickly.

If this trend holds, the 25% tariffs against Canada (and Mexico) will have minimal impact, if any at all.  The lowered value Canadian dollar and Mexican peso will work as an offset and imports will be paid with higher value dollars.  Depending on the scale of what happens in the next few weeks, there is a strong possibility Canada might have just walked into a trap set by Trump.

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