Russian authorities are working hard to tighten control over the internet. Roskomnadzor recently began blocking Telegram, but users continue to access the platform via VPNs. The Kremlin is now attempting to censor VPNs as well, and this onion-layered approach to censorship is disrupting some critical domestic online services.
According to Telegram CEO Pavel Durov, the Kremlin’s increasing efforts to control and censor the global internet are causing widespread problems for Russian users. The Russian-born entrepreneur confirmed that Telegram is now banned in the country, yet more than 50 million Russians continue to use it daily via VPNs.
Moscow authorities have spent years attempting to control and block VPN platforms, Durov said. However, their latest efforts to restrict encrypted traffic and tunneling protocols have led to widespread failures in banking apps. Over the weekend, cash became the only reliable payment method across much of Russia.
According to unnamed industry sources cited by Bloomberg, the crackdown on VPNs may have triggered significant connectivity issues for banking platforms. Roskomnadzor’s filtering system was reportedly overloaded, causing reliability and network stability problems across the Russian internet.
Russia is attempting to push its citizens toward a domestic “super-app” called Max, designed to provide access to social media and mobile payment services – similar to how China’s WeChat app, Weixin, operates. Beijing authorities have unrestricted access to all traffic on Weixin, and the Kremlin appears to be aiming for the same level of control with Max.
Here’s another example of the “new” Russia acting a whole lot like the old Soviet Union. Mere individuals will not be allowed to keep secrets from the glorious state, comrade.
But the Soviet Union barely lasted into the Internet age. Its communications infrastructure was built from the ground-up to spy on citizens, with entire floors dedicated to KGB agents constructed above telephone exchanges. It’s quite a different task to try to tap today’s vast array of encrypted digital communication channels. Ordinary companies frequently have a tough time locking down their own digital infrastructure, because it’s hard to tell just what systems are communicating with other systems on which ports.
Now scale up the problem to an entire nation that’s been cut out of the world financial system for waging an illegal war of territorial aggression, and a tyrannical government blocking vast swathes of what Internet is left in the name of information control like Hans Gruber’s minion chainsawing through the Nakatomi Tower’s trunk cables in Die Hard. All sorts of things you want to keep working are going to break.
I also suspect the attempt to be a futile one, at least for VPN users. I suspect the technical minds behind those are far more adept than the government censors trying to block them.
Russia citizens are getting a lose/lose/lose scenario. They’re losing a war, basic civilizational functions are breaking, and Vlad’s Big Adventure has Russia slipping back into totalitarianism.
Happy Friday the 13th, everyone! Good job numbers drop, a court win for Trump on deportations, more California fraud, more Chinese researchers stealing secrets, and the cure for global warming is global warming.
It’s the Friday LinkSwarm!
Naturally, a week after I blog about the “no hire, no fire” economy, it comes out that the economy added 130,000 in January, the most since December 2024. “However, the report shows the U.S. only added 181,000 jobs in 2025.” And the numbers for previous months keep getting revised downwards.
As I’ve said before, I’ll believe we’re out of the Biden Recession when I have a job again…
Petitions for Habeas Corpus to release illegal aliens from detention, or at least grant them bond hearings, have overwhelmed the federal courts, with most district court judges who have ruled on the subject siding with the detained aliens. It was the practice of prior administration from both parties to grant bond hearings. But is it a legal requirement?
A ruling by the 5th Circuit Court of Appeals, which covers critical border state Texas, has rejected the argument that a bond hearing and release is required by law. To the contrary, it held that the applicable legislation passed by congress does not require such bond hearings or release. That prior administrations did not exercise their full powers of detention under the law did not mean the present Trump administration could not do so, the court ruled.
Another win for secure borders and the rule of law in the face of massive leftwing judicial resistance.
The House of Representatives on Wednesday night passed the new Republican-led Safeguard American Voter Eligibility (SAVE) America Act, which requires individuals to present proof of citizenship to register to vote and requires Americans to show ID when voting.
The House passed the legislation, which combined two bills, in a 218-213 vote. The bill saw little support from House Democrats, with Texas Rep. Henry Cuellar being the sole Democrat to join Republicans in passing the legislation.
“It’s just common sense,” House Speaker Mike Johnson told reporters of the legislation. “Americans need an ID to drive, to open a bank account, to buy cold medicine, to file government assistance. So why would voting be any different than that?”
Senate Democrats, of course, with the exception of John Fetterman, will do anything to prevent it from being passed. If they can’t cheat, they can’t win…
Stephen Green: California raked off $370M in taxpayer money to bankroll leftwing activism.
1. Californians voted to fund youth drug prevention through the Cannabis Tax. Instead, $370M in revenue is bankrolling leftwing activism.
2. The money flows through a single unelected nonprofit – The Center at Sierra Health Foundation’s Elevate Youth program.
3. The Center has gotten rich off this arrangement – growing from $11.8M in 2018 to $197M in 2024. The CEO makes over $600K.
4. The Center runs Prop 64 dollars through to a web of NGOs, including the Jakara Movement, Young Invincibles, and Asian Refugees United – for activism, organizing, and voter registration.
5. This is not drug prevention – it’s a taxpayer funded pipeline from the governor’s office to leftwing political organizing.
Snip.
“The state does not pick who gets the grants,” CAL DOGE said. “The intermediary does, bypassing the rigorous procurement processes mandated for direct government contracts under the Department of General Services and State Controller oversight.”
That’s a multimillion-dollar slush fund, in other words, in which tax dollars pass through to the well-connected for the purpose of maintaining Democrat control of the state. And, one presumes, lining pockets along the way —allegedly including Newsom’s:
According to the California Fair Political Practices Commission’s Behested Payment Transparency Report (pg.19-20), in 2020 alone, Sierra Health Foundation was the third-largest payor of behested payments statewide at $14,747,724 and the single largest payee of behested payments statewide at $30,869,901 — payments Newsom solicited from private companies.
“Newsom himself was the top behesting official in the state that year at $226.8 million total,” the report continued, “and Sierra Health Foundation ranked among his top three financial partners in the system.
Los Angeles spent about $418 million on homelessness programs in 2025, yet only a small share went toward helping people leave the streets for good, according to the New York Post. A recent City Hall report suggests most of the money supports short-term services that manage homelessness rather than resolve it.
The review, released as the city prepares major budget cuts, shows that hundreds of millions were directed to hygiene facilities, outreach teams, temporary housing, and vehicle-living programs with limited long-term success. These efforts often keep people in transitional situations instead of moving them into permanent homes.
The Post noted that councilwoman Monica Rodriguez condemned the system, saying, “We’re hemorrhaging money on a homelessness system that was never designed to succeed — and no one is being held accountable for the failure.”
She also argued that ineffective programs are protected instead of evaluated: “If we really wanted to do something about this crisis, we would be advancing real oversight, demanding results, and shutting down programs that don’t work — not protecting a system that keeps spending more while delivering less.”
It’s not designed to end homelessness, its designed to line the pockets of the Homeless Industrial Complex and leftwing activists.
Indeed, California’s entire NGO funding structure is designed to avoid scrutiny.
The money moves smoothly, the explanations pile up, and the ability to see end-to-end quietly disappears. The deeper the look went, the more consistent the pattern became. California doesn’t struggle to explain where the money goes. It has arranged things so the explanation never quite arrives.
Snip.
When the information is pulled in its entirety and organized outside the state’s presentation layer, the scope becomes impossible to miss. More than 1,100 vendors associated with humanitarian-related contracts. Roughly $8.8 billion flowing through them. Not scattered grants. Not pilot programs. An economy of vendors, operating continuously, funded at scale. The dashboard never highlights that universe. It doesn’t need to. It only needs to make seeing it difficult enough that most people never try.
At the same time, at the federal level, the Small Business Administration acknowledged what everyone working in procurement already understands. Billions of dollars under review. Tens of thousands of entities flagged for potential fraud exposure. Large systems, large sums, limited verification, delayed audits. The numbers don’t have to match perfectly to rhyme. They already do. When separate data streams begin pointing toward the same structural vulnerabilities, the story stops being about isolated actors and starts being about architecture.
Requests for clarity meet resistance long before they reach conclusions. Public records requests stall. Narrow questions expand into bureaucratic negotiations. Specific funding totals become “unavailable.” Amy Reihart’s experience in San Diego fits neatly into this rhythm. The data is said to be public, but pulling it cleanly proves elusive. The formal channels exist, but they lead nowhere quickly. What’s left is a familiar posture from the state: the information is technically available, practically unreachable, and always just one more step away.
The same rhythm shows up in how California moves money on the ground. Childcare subsidies offer a clean example. In many states, the government pays providers directly. The path is short. Attendance aligns with eligibility. Eligibility aligns with reimbursement rates. Payments can be checked against records without heroic effort. In California, that line bends. Funds are routed through intermediary NGOs charged with administering the program. The state pays the intermediary. The intermediary interfaces with providers. Documentation flows inward. Payments flow outward.
Following that path takes work. First, identify which NGO controls which geography. Then locate its audit filings, assuming they are current and complete. Then reconcile those filings with procurement records that are already difficult to interrogate. Only after that does the provider level come into view. Each step adds distance. Each handoff adds discretion. Sources describe monthly subsidy flows exceeding $1,400 per child with minimal verification. Whether every dollar is misused is unknowable from the outside. What is visible is how easily the structure absorbs misuse without producing alarms.
That same opacity shows up beyond childcare. Walk through downtown Los Angeles and the conversations repeat. Not policy debates. Observations. Barbers, bartenders, people who work late and walk home early. The homeless system comes up unprompted. Everyone knows how much money moves through it. Everyone knows how little seems to change. Deliveries arrive at storefronts with no customers. Benefits circulate with minimal identification. Stories circulate about organized applications and quiet laundering through approved channels. None of this appears on a dashboard. It doesn’t need to. It lives in the gap between official narratives and daily experience.
The system doesn’t rely on secrecy. It relies on diffusion. Money enters labeled as humanitarian assistance, housing support, community partnership. It passes through nonprofit layers that soften scrutiny and multiply explanations. By the time it reaches the ground, responsibility is spread thin enough that no single ledger tells the whole story. Each participant can point upward or downward and remain technically correct. Oversight exists everywhere in theory and nowhere in practice.
Organizations operating at the intersection of activism and public funding sit comfortably inside this environment. The Solidarity Research Center in Los Angeles, connected to broader political networks, is one example drawing attention. Not because of slogans or mission statements, but because proximity to power and insulation from scrutiny tend to travel together. When funding, politics, and moral language overlap, questions are framed as attacks and audits become optional. The structure does the work long before anyone has to defend it.
The contrast between damage and response is hard to ignore. Drive through the Palisades fire zone and the destruction remains visible. Burned properties. Long stretches untouched. The rebuild lags. The NGO signage does not. Clean placards promise recovery, resilience, and renewal, often paired with donation links. The messaging arrives faster than the materials. The branding arrives faster than the permits. Money is already being organized, even as the outcomes remain distant. It’s a familiar sight in California: urgency in fundraising, patience in results.
None of this happens by accident. The systems are too consistent. The barriers appear in the same places. Presentation layers substitute for access. Intermediaries substitute for accountability. Requests for detail meet friction rather than answers. The result is a machine that keeps moving regardless of whether anyone outside it can explain how. For the people inside, it works. For the public, it produces impressions instead of records.
The report’s overview notes the beaming confidence of Georgia Secretary of State Brad Raffensperger on the morning after the election. Appearing on the Today Show, Raffensperger said a record 4.7 million Georgia voters cast a ballot in the election. More importantly, the secretary of state said only 2 percent of the ballots remained to be counted. Trump, at that time, led Biden by nearly 104,000 votes, seemingly more than enough for a Georgia win. Raffensperger, at the time, said about 94,000 ballots had yet to be counted.
“We can see where the candidates are right now in both presidential, congressional, senatorial. When you look at how many votes are out there, even if one of the candidates got 100 percent it probably wouldn’t be enough to move it on way or another,” the elections official told the Today Show crew. He should know, the report notes. The secretary could see the numbers in real time through the state elections database.
Raffensperger added that his office would wait until everything was done.
When the dust settled, the confident secretary turned out to be very wrong. The final vote count — at least then — was an incredible 5.023 million. Between the time Fulton County’s polls closed on Election Day and the final ballot was tallied, the number of absentee ballots soared from 74,000 to more than 148,000, according to the report.
Trump went from the verge of winning a key battleground state to losing it. Just like that.
“At the time of this writing, no known explanation has been provided to justify” the surge in ballots, the report states.
Snip.
The number of absentee ballots counted doesn’t match the number of credited voters, the report notes. It draws from Fulton County and state records that show 148,318 ballots were counted in the 2020 election, although only 125,784 voters were recorded as casting an absentee ballot. That’s a difference of 22,534 votes between the absentee ballots tallied and the number of individuals given credit for voting.
“Remember: the margin between President Trump and Joe Biden was 11,779 votes…and that was the THIRD certified number and didn’t match either of the first two counts….the counties could not get their numbers to match from the first count to the second to the third…..
Ukraine also hit a GRAU arsenal in Volgograd with multiple missiles. GRAU is the umbrella organization for Russian logistics.
While Russia has continued to eek out ever smaller territorial gains at high cost, Ukraine just liberated 100 square kilometers of territory in Huliaipole, Zaporizhzhia oblast. “Ukrainian forces have liberated the towns of Dobropillia, Pryluky, Olenokostiantynivka and part of Varvarivka in an assault south on the Zaporizhzhia Frontline.”
Scientists at the University of California, Irvine have discovered that climate change is causing nitrous oxide, a potent greenhouse gas and ozone-depleting substance, to break down in the atmosphere more quickly than previously thought, introducing significant uncertainty into climate projections for the rest of the 21st century.
A recent watchdog report revealed that several top-ranked American universities have brought in Chinese academics who have links to Chinese military-linked technology firms like tech behemoth Huawei and other Chinese firms linked to the CCP’s state security endeavors.
A conservative non-profit watchdog group, the American Accountability Foundation, reported that it found nearly two dozen Chinese academics working at elite U.S. schools and labs “who, because of the dual-use threat of their research, close ties to the military research sector in China, and/or clear ties to the Chinese Communist Party” and as such “should be expelled from the United States or never be re-admitted.”
The new AAF report pointed out that multiple Chinese students working at American universities had previously collaborated on projects with researchers at Huawei, including working with researchers at the Internal Cybersecurity Lab at Huawei.
Just the News also found that at least one of the Chinese academics had also worked at iFlytek — a similarly blacklisted Chinese company which often collaborates with Huawei. The U.S. National Security Commission on Artificial Intelligence stated in 2021 that “national champion” firms such as Huawei and iFlytek help “lead development of AI technologies at home” and “advance state-directed priorities that feed military and security programs.”
Snip.
The AAF report argued that Guangyao Chen “poses a high national-security and dual-use risk due to his expertise in adversarial machine learning” and that “this risk is amplified by his training at Peking University, PRC government funding, and collaborations with PRC universities and Huawei, placing his work squarely within China’s military-civil fusion ecosystem.”
Chen currently appears to be affiliated with Cornell. The ResearchGate page for Chen says that his “top co-authors” include Lin Du, a researcher at Huawei. Chen appears to have conducted multiple research projects with the Huawei researcher. The Huawei scientist’s ResearchGate profile lists Du’s skills and expertise as being “computer vision,” “object recognition,” and “machine learning.”
Snip.
Meng Wanzhou, Huawei’s CFO and the daughter of the company’s founder, was arrested by Canadian authorities in December 2018 at the request of the U.S., indicted in the Eastern District of New York in January 2019, and charged with bank fraud and wire fraud as well as conspiracy to commit both, but was allowed to walk free by the Biden Administration in 2021 in a deferred prosecution agreement wherein she admitted violating U.S. law.
Snip.
Fengqui You, a Cornell professor, leads the Fengqui You Research Group at Cornell, which is “pushing the boundaries of systems engineering, artificial intelligence, and data science.”
Chen is listed as a member and Fengqui You is listed as the principal investigator for the lab. You attended Tsinghua University, which the House Select Committee on the CCP has warned about. You did not immediately respond to a request for comment.
Snip.
The report by AAF said that Cen Zhang’s “prior work with Chinese entities and his influential role at Georgia Tech is highly concerning given the nature of computer science’s impact on U.S. national security.”
Zhang co-authored a 2021 paper on “Practical Binary Fuzzing Framework for Programs of IoT and Mobile Devices” — related to security vulnerabilities for mobile phones and other smart devices — with co-authors Xiaoxing Luo and Miaohua Li from the Internal Cyber Security Lab at Huawei Technologies.
Zhang has also conducted research with Hongxu Chen, who now lists himself as a lead engineer at Huawei, and who also went to Nanyang Technological University.
Zhang’s personal curriculum vitae also says he was previously an algorithm and engine development engineer for iFlytek. Zhang says on his GitHub page that he won the “Best New Employee Award of Year” at iFlytek in 2017.
The firm has long received state support and recognition from China’s government. The company was named a national “AI champion” by the Chinese Ministry of Science and Technology in 2018.
The Commerce Department said in October 2019 that iFlytek was among more than two dozen Chinese entities added to a U.S. blacklist, saying they were “implicated in human rights violations and abuses in the implementation of China’s campaign of repression, mass arbitrary detention, and high-technology surveillance against Uighurs, Kazakhs, and other members of Muslim minority groups.” Liu Qingfeng, iFlytek’s founder and CEO, is also a deputy to the National People’s Congress, the CCP’s rubber-stamp national legislature.
There are problems with how this piece is organized, but I wanted to capture the names (some of which are are already familiar) to keep track of them. At this point, any organization that hires a Chinese national for scientific research should assume they’re stealing data.
The legislation raises the current $10 billion asset threshold that caps debit card fees for banks and index annually to inflation.
Sen. Cruz said, “The Durbin Amendment was not designed for the current economic and regulatory reality and subjects community banks to fee limits that the original language intended for much larger institutions. My legislation modernizes the interchange fee cap to reflect inflation, helping small banks support local economies while lowering banking costs for Americans.”
Sen. Britt said, “As we’ve seen in so many instances, countless regulations in the Dodd-Frank Act were not only onerous but set fixed thresholds that have become outdated over time, and the Durbin Amendment is no exception. The largest burden is on our smallest financial institutions who provide vital sources of credit to Main Streets that drive our local economies. This commonsense legislation would simply index, to both inflation and COLA, the outdated threshold in this provision of Dodd-Frank, ultimately providing relief for our community banks who were never intended to be burdened by this regulation.”
Companion legislation was introduced in the House by Rep. Andy Barr (R-KY-6).
Rep. Barr said, “The Durbin Amendment was sold as a win for consumers in the Dodd-Frank Act by Democrats. Instead, it’s hurt Kentucky’s community banks and credit unions that do so much for underserved communities by limiting their ability to grow and compete with larger financial institutions. I’m working with Senator Cruz to fix this — because Washington shouldn’t be picking winners and losers at the expense of our local banks and the families they serve.”
This bill is supported by Americans for Tax Reform, Independent Bankers Association of Texas, and the Texas Bankers Association.
A new political organization has launched with the stated goal of countering one of Austin’s most powerful and long-standing special interest groups.
Republicans Against Texans for Lawsuit Reform, a 501(c)(4) organization, announced its formation this week. It is positioning itself directly against Texans for Lawsuit Reform (TLR), the influential tort reform group that has played a major role in Texas politics for decades.
On its website, Republicans Against Texans for Lawsuit Reform (RATLR) accuses TLR of abandoning its original mission and becoming what it describes as a major player in the “Austin swamp.” The group argues that TLR, which began in the mid-1990s advocating civil tort reform, now prioritizes the interests of “big business, big pharma, and big insurance” over conservative policy outcomes and Texas citizens.
RATLR also points to millions of dollars in political donations—including contributions to Democrats and Republican incumbents it labels as “RINOs”—as evidence that TLR wields outsized influence at the Texas Capitol.
“Protecting big business, big pharma, and big insurance should never override protecting you, Texas’ citizens,” the group states.
RATLR says it plans to focus on grassroots education and outreach, including speaking engagements with conservative groups across the state. The executive director is James Wesolek, the former communications director for the Republican Party of Texas.
So here’s a longish essay by Hugh Hendry on gold, Bitcoin and fiat money. I don’t necessarily agree with everything, but he has a provocative argument that creation of fiat money was justified to keep the entire economic system from breaking down.
he defining monetary lesson of the twentieth century was not ideological. it was traumatic. it emerged not from debates about socialism versus capitalism, or keynes versus hayek, but from the lived experience of what happens when economic systems impose rigidity on societies already under extreme stress.
after the first world war, germany was not a failed society. it was bruised, diminished, politically unstable, and deeply resentful, but it remained functional. industry existed. labour existed. institutions existed. the system was strained, not yet broken. the collapse came later, and it was not inevitable.
versailles changed that.
the treaty was not merely punitive. it was vindictive and economically illiterate. reparations were demanded in hard terms, payable in gold, at precisely the moment germany’s productive capacity was being constrained. forgiveness was absent. flexibility was absent. economic reality was ignored.
when germany struggled to meet those obligations, the response was not renegotiation but enforcement. in 1923, french and belgian forces occupied the ruhr valley, seizing control of germany’s industrial heartland, its coal, its steel, its metal production, while still demanding gold payments to the allied victors. output was taken. gold was still required. rigidity was imposed from both ends.
this was the breaking point.
what followed was not ideological radicalisation in the abstract, but economic paralysis in practice. unemployment surged. production collapsed. a growing share of the adult population became economically useless. not inefficient. not underpaid. useless. idle. watching. waiting. that condition does not produce reflection or moderation. it produces rage. and hyper-inflation.
hard money did not cause the collapse of weimar germany. but it failed catastrophically to absorb the trauma. and when institutions fracture under mass unemployment, money fractures with them. hyperinflation wasn’t softness. it was panic. it was the monetary expression of legitimacy evaporating in real time.
that sequence mattered. and it was remembered.
a decade later, the world faced another shock that threatened to replay the same pattern at a far larger scale. the crash of 1929 produced mass unemployment, collapsing demand, and the genuine possibility that the american system would follow germany down the same path. the ingredients were familiar: idle men, shuttered factories, political stress, and a rigid monetary framework that transmitted pressure rather than absorbing it.
this time, the response changed.
gold was abandoned as the governing constraint, not because it was immoral or discredited, but because it was brittle. too rigid to cope with systemic trauma. under gold, pressure concentrates until something snaps. under fiat, pressure disperses. elasticity replaced purity. monetary doctrine abandoned to keep the system intact.
the response was ugly. it was unfair. it produced deserved anger. but it worked.
the united states survived intact. unemployment was brutal, but the political centre held. extremism remained marginal. fiat didn’t heal the trauma, but it prevented it from metastasising. that became the lesson: in moments of economic shock, hardness accelerates entropy, while monetary elasticity buys time. and time, in stressed societies, is the difference between repair and collapse.
this was not an argument against scarcity. it was an argument against rigidity in the wrong place, at the wrong time. fiat emerged not as an ideological triumph, but as an adaptive response to the catastrophic failure of hard constraints under conditions of mass unemployment.
that distinction matters, because bitcoin did not arrive to overturn this lesson. it arrived long after, in its aftermath.
fiat’s ugly success.
over the subsequent century, that logic has been tested repeatedly, and each time it has been reaffirmed under pressure.
the global financial crisis of 2008 was not a scare or a stress test. it was a system-wide cardiac arrest. the banking system was insolvent in any meaningful sense. the only open question was whether circulation could be restarted before institutional damage became permanent. the response was not elegant. rules were bent. balance sheets were expanded. losses were socialised. hard constraints were suspended to keep the system alive. it was ugly, unfair, and morally nauseating to me and many others. it also worked.
the same pattern repeated during the pandemic. supply chains froze. borders closed. hospitals filled. the phrase “human extinction” escaped the laboratory and entered the bloodstream of culture. belief alone was enough to threaten collapse. once again, fiat leaned in. too much some say. money expanded. credit expanded. time was frozen. people were paid to stay home while the system was held upright. once again, rigidity was rejected in favour of elasticity. once again, the worst tail events were avoided.
this is what fiat does well.
it absorbs shocks that hard systems transmit. it disperses pressure instead of concentrating it. it allows societies to survive periods of mass dislocation without forcing immediate liquidation of people, institutions, or legitimacy. in a world repeatedly exposed to financial crises, pandemics, and geopolitical shocks, this has proven to be a feature, not a bug.
elasticity, however, is not free.
the cost shows up as inflation. not as a temporary inconvenience, but as a ratchet. prices spike, settle, and then remain elevated. grocery bills do not return to their old levels. this is the mechanical consequence of pushing risk forward in time. fiat smooths the present by borrowing from the future.
this matters most for those without assets. for the disenfranchised, inflation is not a macroeconomic abstraction or a debate about models. it is a daily budgetary pressure. rent before wages. food before leisure. energy before dignity. when prices ratchet higher, there is no portfolio adjustment, no rebalancing, no clever hedge. there is only less room to breathe.
modern financial systems are exceptionally effective at protecting those who already participate in them. the franchise holders. equities rise with nominal growth. property absorbs inflation and then some. credit, leverage, index-linked instruments, real assets, productive ownership. the menu is broad, liquid, and proven. elasticity doesn’t destroy capital for insiders. it often enriches them. asset prices inflate faster than wages precisely because the system is designed to keep capital mobile and solvent.
the burden falls elsewhere.
what inflation punishes is not thrift in some moral sense, but exclusion. money left idle because it must be. capital that cannot move because it does not exist. patience without agency. this is not a judgment about behaviour. it is a structural outcome. fiat rewards participation and mobility, not fairness. and over long periods of sustained monetary elasticity, that distinction compounds into something corrosive. something unfair.
“Experience keeps a dear school, yet Fools will learn in no other.” — Benjamin Franklin, Poor Richard’s Almanack, 1743
We all know why Hollywood makes crappy sequels: The first film in the series made money. Which is why Hollywood squeezed out the likes of Superbabies: Baby Genius 2, Highlander 2: The Quickening and The Concorde… Airport ’79 onto the innocent, unsuspecting heads of American movie-goers. But Hollywood, bless their blackened, cocaine-engorged, money-hungry hearts, knows enough not to make a sequel to a film that everyone hated the first time.
Remember when the whole banking system almost crashed when Bill Clinton’s sub-prime mortgage disaster caught up to us in 2008?
It turned out that loaning hundreds of thousands to people with shoddy credit history wasn’t sustainable, and you’d think we would have learned that lesson.
Yahoo Finance reports that starting in 2026, our two lending giants are once more relaxing their lending standards below a credit score of 620.
Fannie Mae eliminated its minimum credit score requirement on Nov. 15, 2025, as noted in an update to its Selling Guide.
‘Previously we used a minimum credit score to determine whether a borrower was eligible for a credit risk assessment,’ the government-sponsored enterprise said in a statement. Fannie Mae added that the update would ensure risk analysis is ‘agnostic of third-party credit scores.’
That’s like saying you want to make your highway safety decisions apart from highway death statistics.
The GSE also said that risk decisions would be based on ‘a broad set of factors, such as borrower reserves, debt levels, property characteristics, and loan purpose.’
In other words, risk will now be assessed by the need for high level executives to hit loan bonus targets.
Since Freddie Mac and Fannie Mae provide capital to the mortgage industry for more than half the mortgages in the U.S., the credit bureaus are also moving away from a traditional credit requirement.
We’ve seen this movie before, and the first time it hit screens, in 2008, it almost destroyed the western banking system and brought on the worst recession since The Great Depression.
I didn’t like that movie the first time, and I certainly have no desire to sit through it a second time.
Thursday I got back from a trip to visit my mother and shop for books. Before my sister left my mother’s place to visit her daughter, she changed the WiFi password and neglected to write it down, making blogging a bit more challenging, but I persevered.
Hard evidence that the 2020 Presidential Election was stolen, more details on those vast Minnesota Somali/Democrat fraud networks, the illegal alien hiding judge was convicted, big banks admit to debunking people in the name of ESG, Ford takes a huge write-down on EVs, and Asmongold offers dating advice.
Earlier this month, Fulton County admitted that approximately 315,000 early votes from the 2020 election were illegally certified but were nonetheless still included in the final results of that election.
The admission came during a Dec. 9 hearing before the Georgia State Election Board (SEB) stemming from a challenge filed by David Cross, a local election integrity activist. Cross filed a challenge with the SEB in March 2022. Cross alleged that Fulton County violated Georgia statute in the handling of advanced voting ahead of the November 2020 election, counting hundreds of thousands of votes even though polling workers failed to sign off on the vote tabulation “tapes” critical to the certification process.
And Fulton County admitted to it.
Ann Brumbaugh, attorney for the Fulton County Board of Registration and Elections, told the SEB in the hearing that while she has “not seen the tapes” herself, the county does “not dispute that the tapes were not signed.” Brumbaugh continued, “It was a violation of the rule. We, since 2020, again, we have new leadership and a new building and a new board and a new standard operating procedures. And since then the training has been enhanced. … But … we don’t dispute the allegation from the 2020 election.”
Georgia’s Secretary of State Office investigated the alleged failure to sign tabluation tapes and “substantiated” the findings that Fulton County “violated Official Election Record Document Processes when it was discovered that thirty-six (36) out of thirty-seven (37) Advanced Voting Precincts in Fulton County, Georgia failed to sign the Tabulation Tapes as required [by statute],” according to a 2024 investigation summary. In addition to probing the unsigned tabulation tapes, the investigation also found that officials at 32 polling sites failed to verify their zero tapes.
Georgia law requires that election officials have each ballot scanner print three closing tapes at the end of each voting day. Poll workers must sign these tapes or include a documented reason for refusal. Voting laws also require poll workers to begin each day of voting by printing and signing a “zero tape” showing that voting machines are starting at zero votes.
If there is no record of whether the tabulator was set at zero at the start of polling, there is no way of telling whether ballots from a previous election (or ballots from a test run) were left on the memory card and might later be counted. Notably, this happened in Montana, where officials discovered more votes than were cast and believe the votes were leftover sample data that had not been cleared.
“These signed tapes are the sole legal certification that the reported totals are authentic,” Cross told the SEB at the Dec. 9 hearing. “Fulton County produced zero signed tabulator tapes in early voting.”
Cross stated that he obtained 77 megabytes of election records from Fulton County through an open records request that cost $15,800. According to Cross, these included 134 tabulator tapes, representing 315,000 votes. Each signature block on these tapes was blank, Cross said.
So, just like everyone in the conservative blogsphere has contended for five years, Democrats stole the 2020 Presidential election for Biden. When do we get our apologies from Conservatism Inc.? (Hat tip: Stephen Green at Instapundit.)
Americans were stunned last month to learn that members of Minnesota’s Somali community had scammed state taxpayers out of hundreds of millions — possibly even billions — of dollars.
The question on everyone’s mind was how did this go undetected for so long?
Sen. John Kennedy (R-LA) may have provided the answer in remarks delivered earlier this month that have only recently come to the media’s attention.
The always entertaining senator from Louisiana read a particularly damning portion of an internal memo written by a fraud investigator from the Minnesota Attorney General’s Office. Kennedy told his colleagues that those benefiting from the Feeding our Future program [Emphasis added.]:
[W]ent to the state and said, ‘If you stop giving us this money, we’re gonna call you racist and we’re gonna sue you. And you don’t want to be in the news.’
Well, why didn’t the employees do something? They did. They told the people higher up — the people with the flags in their office, and you know what they did? Nothing. You know why? Here’s what the legislative auditor in Minnesota said: He said that the threat of litigation and the negative press affected how the state politicians used their regulatory power.
Here’s what a fraud investigator in the Attorney General’s office said. She said, ‘There is a perception that’ — I’m quoting now — ‘that forcefully tackling this issue would cause political backlash from the Somali community, which is a core voting block for Democrats.’
Senator John Kennedy reads an internal memo from the Minnesota Attorney General’s office
They openly say they did not stop the Somalia immigrant fraud because Democrats would lose votes.
More: They lied to the state government lied to the Feds about it as well.
Still more: “Taxpayers’ Money Still Flowing To Indicted Fraud Suspect.”
A Minnesota lawmaker alleged on Dec. 17 that a man awaiting trial on federal charges that he laundered $1.1 million in taxpayer dollars and his wife continue to collect payments from other government programs, a state lawmaker said Dec. 17.
hat’s concerning, state Rep. Kristin Robbins told the fraud-fighting committee that she chairs.
“This is just one example of how potential fraudulent activity is being allowed to continue in Minnesota,” she said during a hearing at the state Capitol in St. Paul, Minnesota. Later, she alleged on social media that the state government “continued to pay a fraudster who was indicted.”
With the help of whistleblowers, a public-records researcher uncovered an intertwined web of people and entities allegedly tied to the man. Those connections are still receiving taxpayer dollars for assisted-living facilities and adult day services despite multiple “red flags” indicating possible fraud, Robbins said.
These revelations show that state agencies are failing to employ “the most basic checks and balances” to prevent and detect fraud despite state agencies promising reforms, Robbins told fellow members of the Fraud Prevention and State Agency Policy Committee.
The committee—five Republicans and three Democrats—has met regularly since February, trying to get a handle on the state’s burgeoning fraud scandals. In recent weeks, Minnesota fraud cases have drawn national attention and multiple federal investigations. The scandals mostly involve federal programs that state programs administer, with matching state contributions in some instances.
The defendant, whom Robbins dubbed Person One, allegedly received $49 million from state-run programs from 2019 to 2024 on top of the $1.1 million he is accused of laundering, she said.
He is among 78 people charged since 2022 in the Feeding Our Future (FOF) scandal. Fraudsters connected to that now-defunct nonprofit agency reaped a total of nearly $250 million from the Federal Child Nutrition Program after falsely claiming to provide 91 million meals to needy children.
Robbins alleged that Person One “changed his name months before he was indicted” for FOF, and used his new name to purchase two homes that are operating as an assisted-living facility that receives government money.
One of those homes, Robbins alleged, was bought under the same business name tied to alleged money laundering in the FOF case.
Lawmakers in the U.S. House of Representatives on Wednesday narrowly passed the Protect Children’s Innocence (PCI) Act which would criminally charge medical providers who perform so-called gender-affirming care on minors.
The Act prohibits permanent genital mutilation surgeries such as mastectomies or phalloplasties on otherwise physically healthy minors and also outlaws administering cross-sex hormones or puberty blockers for patients under 18.
The bill, which cleared the House by a vote of 216 to 211, would impose fines and up to 10 years in prison on medical providers who perform sex-change surgeries or administer hormone therapy to minors, with exceptions for rare medical conditions or the reversal of prior procedures.
The bill was introduced by retiring Rep. Marjorie Taylor Greene (R-GA) who explained, “Protecting children is not optional, it’s our duty.”
MTG may frequently dance on the edge of clownshowdom, but she’s not wrong here.
The arrests include aliens with criminal histories, including those convicted of murder, kidnapping, sexual assaults, and other violent crimes, according to officials.
Officials underscored that their operations have been consistently undertaken amid assaults on agents by protesters who have thrown projectiles and firebombs, as well as attempted to interfere with agents in the middle of detaining suspects.
“In the face of violence from rioters and demonization by sanctuary politicians, DHS law enforcement has made over 10,000 arrests in Los Angeles since operations began in June. Some of the most heinous criminal illegal aliens arrested include murderers, kidnappers, sexual predators, and armed carjackers,” Assistant Secretary Tricia McLaughlin said in a statement.
She said that California Gov. Gavin Newsom and Los Angeles Mayor Karen Bass failed the people of California, alleging that the state allows criminals to roam free.
“Thanks to our brave law enforcement, California is safer with these thugs off their streets,” McLaughlin said. “Instead of thanking our law enforcement for removing criminals from their communities, Gavin Newsom and Karen Bass repeatedly demonized our brave law enforcement during these operations.”
Among the criminal illegal aliens arrested are Alireza Hashemi, from Iran, convicted of rape, aggravated assault, domestic violence, burglary, and driving under the influence, according to the statement.
Andres Velasquez-Ocampo, from Mexico, was convicted of armed carjacking, vehicle theft, and vandalism, it said.
Juan Carlos Tamayo, from Mexico, was convicted of homicide, conspiracy to commit homicide, and multiple counts of attempted murder, it stated.
Ambartsoum Pogosium, from Armenia, was convicted of kidnapping, homicide, fraud, burglary, larceny, and forgery, it said.
Rene Reyes-Miranda, from Cuba, was convicted of a sex offense against a child, sex offender registration violation, harassing communication, cocaine possession, robbery, burglary, larceny, probation violation, property crimes, possession of stolen property, and possession of burglary tools, the statement said.
Akop Jack Kantrozyan, from Armenia, was convicted of identity theft, burglary, multiple counts of conspiracy to commit a crime, larceny, multiple counts of fraud, receiving stolen property, shooting at an inhabited dwelling/vehicle, possession of a firearm, grand theft of access cards, violation of parole, battery, and conspiracy to defraud the United States, it said.
Everado Garcia Martinez, from Mexico, was convicted of vehicle theft, armed carjacking, and amphetamine possession, according to the statement.
Jose Manuel Perfecto Hernandez Corrales, from Mexico, was convicted of possession of stolen property and attempting to import methamphetamine into the United States, it said.
Yonic Telles-Sosa, from Mexico, has been previously removed from the United States on five occasions. He received a final order of removal in 2013 and has been convicted three times of knowingly and unlawfully entering the United States, robbery, marijuana possession, and aggravated sexual assault of a child, it said.
Mohamed Chekchekani, from Kenya, was convicted of facilitating interstate commerce in aid of a racketeering enterprise, larceny, stolen property, and drug possession, it continued.
A Wisconsin judge who helped an illegal immigrant flee federal immigration enforcement officials was found guilty of obstruction by a jury on Thursday, after six hours of deliberation.
Milwaukee County Circuit Judge Hannah Dugan was previously charged with felony obstruction and concealing an individual to prevent arrest, a misdemeanor charge, after she ushered a Mexican illegal immigrant, Eduardo Flores-Ruiz, away from federal agents, according to the criminal complaint.
The jury convicted Dugan of the felony obstruction charge, but dropped the misdemeanor. Dugan could serve up to five years in prison, although her sentencing has not been scheduled yet.
Hopefully leftwing judges will learn the lesson that the law can’t be waived because it hurts their precious feel-feels, but I think it will take a lot more felnoy convictions for thqat idea to stick.
In September then-Acting United States Attorney Joe Thompson sent up one of his red flags about Minnesota’s massive public-programs fraud committed by an almost exclusively Somali cast of perpetrators, The Star Tribune reported Thompson’s shout-out to the state powers-that-be:
“Let’s be honest, you can see it,” he said. “You see all the types of health care companies all over the place. Why are there adult day cares all over the city? What the hell is an adult day care?”
The era of denial needs to end. “I think people didn’t want it to be true, seeing this level of fraud. It was an uncomfortable truth,” Thompson said, adding that it “didn’t match our self-image” of good government.
Two months later Minnesota Department of Human Service Temporary Commissioner Shireen Gandhi has “issue[d] a temporay adult day care licensing moratorium” (letter here). She’s temporary. The moratorium is temporary. It’s a sort of bombing pause in one of Minnesota’s 14 “waivered” Medicaid programs that Thompson has called out.
“President Trump on Thursday signed an executive order aimed at reclassifying marijuana to be a schedule three, rather than a schedule one, controlled substance in order to create new research opportunities.” One does not need to be a user or booster of marijuana to believe that this reclassification is long overdue. Clearly marijuana is not as dangerous as heroin, nor is it more dangerous than fentanyl (schedule 2). As I’ve argued before, federal marijuana prohibition is unconstitutional under the Tenth Amendment, especially when it comes to people growing and consuming their own marijuana, as it rests on a tendentiously expansive reading to the commerce clause in Wickard vs. Filburn.
“OCC Says 9 Big Banks Took Part In ‘Inappropriate’ Debanking Practices.”
According to Bloomberg, the banks involved are accused of restricting access to firms in numerous sectors, including oil and gas exploration, coal mining, firearms, private prisons, payday lending, tobacco and e-cigarette manufacturers, adult entertainment, political action committees and digital assets.
The OCC said that many of the banks had publicly disclosed their policies, which were often tied to environmental, social and governance (ESG) goals.
All should have to answer for their illegal, unconstitutional participation in Operation Choke Point.
“Valero’s Billion-Dollar Exit: Newsom’s Regulations Fuel California’s Gas Crisis. Valero’s $1.1 billion Benicia refinery exit by April 2026, driven by Newsom’s regulations, threatens 8.6% of California’s gasoline supply, job losses, and $1.21-per-gallon hikes. Economists warn of shortages and $8 spikes amid Phillips 66’s parallel closure.”
California’s energy sector is reeling from Valero Energy Corp.’s decision to shutter its Benicia refinery by April 2026, a move that underscores the mounting toll of stringent state regulations on the industry’s viability. The Texas-based refiner announced it would absorb a staggering $1.1 billion write-down rather than navigate Governor Gavin Newsom’s escalating mandates, citing prohibitive costs and regulatory pressures. This closure eliminates 8.6% of the state’s gasoline production capacity overnight, threatening severe supply disruptions and price surges for drivers already burdened by the nation’s highest fuel costs.
The Benicia facility, processing 145,000 barrels of crude oil daily into gasoline, diesel, jet fuel, and asphalt, has been a cornerstone of Solano County’s economy since Valero acquired it in 2000. Its impending idling will axe 400 direct jobs and 200 contractor positions, while slashing 17% of Benicia’s municipal budget. Local leaders, including City Manager Mario Guiliani, expressed shock, likening the blow to the devastating Mare Island naval shipyard closure in nearby Vallejo.
More Blue State self-inflicted wounds.
Not just Minnesota: Haitians in Massachusetts managed to run $7 million Food Stamp fraud ring out of a tiny store. “Apparently, they traded SNAP benefits for cash, sometimes pulling in upwards of $500,000 per month. The scammers are Antonio Bonheur and Saul Alisme, both migrants from Haiti.”
“Gartner Group is the largest IT trend analysis firm, used by essentially all large corporations. They just recommended blocking the installation and use of AI browsers.” No doubt they were depending on research from the No Duh Foundation.
The 33-page legal filing accuses the BBC of making “a false, defamatory, deceptive, disparaging, inflammatory, and malicious depiction of President Trump … that was fabricated and aired by the Defendants one week before the 2024 Presidential Election in a brazen attempt to interfere in and influence the Election’s outcome to President Trump’s detriment.”
The BBC aired an episode titled “Donald Trump: A Second Chance?” on Oct. 28, 2024—one week before the presidential election.
The suit claims that in its episode, produced by “Panorama,“ the BBC ”intentionally and maliciously sought to fully mislead its viewers“ by ”splicing together” clips of remarks that Trump made ahead of the Jan. 6, 2021 Capitol breach.
It asks for $10 billion in damages, citing the value of Trump’s personal brand and “the injury to President Trump’s business and personal reputation inflicted by these Defendants, and their efforts to falsely, maliciously, and defamatorily portray President Trump as a violent insurrectionist.”
The legal action was expected, coming hours after Trump announced from the White House on Dec. 15 that he planned to imminently file a lawsuit over the alleged defamatory edits.
“Literally, they put words in my mouth. They had me saying things that I never said coming out. I guess they used AI or something,” Trump said from the Oval Office on Monday.
The edits at issue center around remarks Trump made to his supporters at the Ellipse in Washington on Jan. 6, 2021.
In the BBC program, editors spliced together two clips from the speech, creating the impression that Trump had said, “We’re gonna walk down to the Capitol and I’ll be with you and we fight, we fight like hell, and if you don’t fight like hell, you’re not gonna have a country anymore.”
In reality, the clips came from separate portions of the speech, including one in which Trump said, “We’re going to walk down, and I’ll be with you … we’re gonna walk down to the Capitol,” and another 54 minutes later, in which he said, “We fight like hell. And if you don’t fight like hell, you’re not going to have a country anymore.”
Girlboss has meltdown on Tik-Tok about being alone despite all her high achieving. Asmongold has the perfect advice for her: “You should go to a Warhammer 40K convention.”
Hollywood director Rob Reiner and his wife were evidently murdered by their own drug-addict son. Certainly he was a leftist TDS sufferer, but the vast majority of Hollywood directors will never direct films as great as This Is Spinal Tap or The Princess Bride.
WNBA players authorize a strike. It’s like the setup for a Bill Burr punchline. Do the players really want to give the NBA to just pull the plug on their money-losing league?
Welcome to day three of the Schumer Shutdown! January 6 was an entirely Fed operation, Hegseth reads the brass the riot act, the Trump Administration claws back some taxpayer dollars, Ukraine hits more Russian oil refineries, Tricolor’s numerous scams, a couple of hacking attacks, Fiddy gets 50, and a Beatles demo tape leads to lunch with Sir Paul.
It’s the Friday LinkSwarm!
The “FBI disclosed to Congress that there were 275 ‘plain clothes’ agents interspersed with the crowd that gathered at the U.S. Capitol on January 6, 2021.” So it was a Fed operation top to bottom. And, of course, they lied about it to congress. I guess calling “Operation MAGA Entrapment” would have been too obvious…
There are some familiar names in this Jason Curtis Anderson list of organizations setting America on fire, but a few new ones as well.
If I were investigating the organizations who are setting America on fire, I’d start here:
Foundations:
1. Open Societies 2. Tides 3. The Neville Roy Singham funds
-Community Justice Exchange -Unity & Justice Fund -Peoples Support Foundation -United Community Fund -Arc of…
-The People’s Forum
-Party for Socialism & Liberation
-Answer Coaliton
-Code Pink
-Tricontinental Institute
-Breakthrough News
-International People’s Assembly
-Venceremos Brigade
2. PAL Action
3. Palestinian Youth Movement
4. Within Our Lifetime
5. Stop Cop City
6. Samidoun (still no arrests)
7. SJP
8. National Lawyers Guild
9. DSA (planning to disrupt military supply chain)
10. AROC (blocks ports)
11. Alliance for Global Justice
12. Dissenters
13. Indivisible
Defense Secretary Pete Hegseth gathered hundreds of the nation’s top military leaders in Quantico, Virginia Tuesday morning to lay out his vision for restoring the military’s “warrior ethos” by rolling back the left-wing indoctrination that’s taken hold at the Pentagon in recent years.
Warning the assembled generals to “do the honorable thing and resign” if they rejected his message, Hegseth called out the leaders for allowing physical fitness standards to slide while diverting valuable time and resources towards politically fashionable causes related to race, gender, and the environment.
“No more identity months, DEI offices, no more dudes in dresses,” Hegseth said. “No more climate change worship. No more division, distraction, or gender delusions. We are DONE with that sh**.”
The secretary announced that female physical fitness standards will be eliminated from combat roles, reiterating a directive that was first issued in March.
“I don’t want my son serving alongside troops who are out of shape or in combat units with females who can’t meet the same combat arms physical standards as men,” the Pentagon chief said.
All soldiers in combat roles, regardless of gender, must now meet the male physical fitness standards, Hegseth said, “because this job is life or death.”
“Each service will ensure that every requirement for every combat MOS, for every combat arms position, returns to the highest male standard only,” Hegseth said.
Basic physical fitness standards will also be applied to the highest ranking officers.
“It’s unacceptable to see fat generals and admirals in the halls of the Pentagon, and leading all around the world. It’s a bad look, and it’s not who we are!” Hegseth said. “You need to meet the height and weight standards.”
“Today, at my direction, every member of the Joint Force at every rank is required to take the PT test twice a year, as well as meet height and weight requirements twice a year. EVERY year of service.”
Summary: ““The military has been forced by foolish and reckless politicians to focus on the wrong things.”
Analysis: True.
At least the shutdown did give us this:
President Trump is trolling Chuck Schumer and Hakeem Jeffries over their obsession with giving free healthcare to criminal aliens
One story that broke a bit late to include in last week’s LinkSwarm is the Des Moines school district superintendent who turned out to be an illegal alien with a deportation order. With further digging, it seems that Guyana-born Ian Roberts lied about pretty much his entire list of academic accomplishments.
So, he went to St. John’s with his student visa, but got his EdD from an online university no one has heard of and has a plethora of other universities listed without degrees attached.
In addition to this largely inflated and apparently fabricated professional record, Powell notes that there are some dubious awards Roberts claims which are unverifiable as well as claims to police and military service which are hard to confirm.
So who hired him? Would you believe board chair Jackie Norris, former Chief of Staff to Michelle Obama?
More: “Head of Iowa school district arrested for avoiding deportation, found with handgun after chase.”
In a 6-3 vote last Friday, the United States Supreme Court has granted the Trump administration’s emergency appeal to withhold nearly $4 billion in foreign aid funds appropriated by Congress.
The ruling by the conservative majority of the court permits the White House to withhold the funds through a pocket rescission under the Impoundment Control Act.
The move also permanently stays a lower court’s order by U.S. District Judge Amir Ali who had ruled that the administration’s freezing of the funds was likely illegal and that Congress would have to approve the decision to withhold the funding.
The lower court ruling had been temporarily blocked by Chief Justice John Roberts on Sept. 9 after a federal appeals court had declined to put Ali’s ruling on hold.
A tweet from the Department of State celebrated the ruling as a win for the president’s America First foreign policy and for Secretary of State Marco Rubio and lauded the administration’s efforts to rein in what it called, “wasteful, woke, and weaponized foreign assistance and international organization spending.”
Office of Management and Budget director Russ Vought announced that nearly “nearly $8 billion in funding for climate-related projects, which he labeled as ‘Green New Scam funding to fuel the Left’s climate agenda,’ is being canceled.”
So Keir Starmer, the man who refuses to stop importing unassimilated Muslim illegal aliens into the UK, now says they can only solve the illegal alien problem by imposing a mandatory digital ID on all citizens, without which they will not be permitted to work. “The government said the digital ID would be held on people’s mobile phones and become a mandatory part of the checks employers have to make when hiring staff. Over time, it would also be used to provide access to services such as childcare, welfare and access to tax records.”
So the Syrian immigrant who shot up a Manchester synagogue was named Jihad Al-Shamie. You put that in a novel and your editor would reject it as being too on-the-nose. (Hat tip: Stphen Green at Instapundit.)
Would-be Brett Kavanaugh assassin Nicholas Roske sentenced to eight years in prison. Prosecution asked for 30.
“ICE sting at Dallas strip club nabs 41 illegal aliens, rescues sex-trafficking victims.” “ICE busted into the Chicas Bonitas Cabaret and discovered that a tip they received was correct: Illegal aliens were sex trafficking girls to dance at this strip club. Out of 41 illegal aliens, 29 illegally worked at the club. Five were previously convicted criminals.”
“Plano Private School Teacher Gets 20 Years for Sex Crimes Against Student. Jacob Allred pleaded guilty to sexually exploiting a 15-year-old girl at Great Lakes Academy, which specializes in students with learning disorders.”
Virginia Democrats are using the power of the legal system to protect a transgender sex offender from being prosecuted for his crimes. The policy is in line with Democratic gubernatorial candidate Abigail Spanberger’s views.
Democratic leaders in Fairfax County, the largest county in Virginia, have repeatedly refused to prosecute Richard Cox, a man who has allegedly regularly exposed himself to women and girls in the girls’ locker rooms at two high schools and a recreation center. Cox is being charged for his crimes in Arlington County, where a detective testified he had child pornography and a Fairfax County children’s swim class schedule on his phone.
Republican Jack Ciatterelli has brought the race to a dead heat between himself and Democrat Mikie Sherrill.
But that’s not all.
AFTER this poll was taken, more news broke about Sherrill’s less than stellar record at the United States Naval Academy.
“A cheating scandal in the Naval Academy prevented her from walking at graduation.” Evidently her friends cheated and she refused to testify against them.
“Tricolor Auto’s Failure Has It All – ESG, Woke Capital, Illegal Immigration, Securities Fraud, Government Diversity Programs, BlackRock, etc.”
Tricolor Auto Group, the nation’s seventh largest used car dealer (and 3rd biggest in Texas and California), just filed for Chapter 7 bankruptcy – e.g. liquidation. Its target customer had been illegal aliens, and with President Trump deciding to start enforcing the nation’s immigration laws, there has suddenly been a major “market correction” in that market segment. Not only has the customer base largely evaporated, but so have loan repayments, which Tricolor also serviced.
The “tri colors” that the name references are the colors of the Mexican flag – red, white, and green.
While the sudden loss of customers and loan repayments was the catalyst that caused the final collapse of Tricolor, its failure has revealed so much more, including securities fraud, Wall Street ESG gimmickry, race-based federal programs, etc.
Tricolor has securitized more than $2 billion of its very high risk auto loans over the past seven years. The most recent issuance was in June of this year, with JP Morgan Chase and other money center banks peddling more than $200 million of “social bonds” to credulous investors. These securities are certified as “social bonds” by the US Treasury’s CDFI (“Community Development Financial Institution”) program because Tricolor focuses on selling its cars and financial services to underserved communities, specifically Spanish-speaking non-citizens. Tricolor’s CEO, Daniel Chu, was quoted by Barron’s in 2022 as stating, “No one else is providing meaningful dollar credit to an illegal immigrant.”
As documented in this recent Barron’s article (“Tricolor Files for Bankruptcy, The Auto Lender Was Once an ESG Favorite,”) “Financial institutions until recently touted their social bond purchases as part of their commitment to ESG—or environmental, social and governance—principles. BlackRock took a $90 million stake in Tricolor in 2021 as part of its Impact Opportunities Fund focusing on businesses and projects owned, led by, or serving members of minority groups.” Of course BlackRock was involved.
You may recall that a major contributor to the financial crash of 2008 was Wall Street wizards packaging up a bunch of sub-prime mortgages, securitizing them, and then selling those “mortgage backed securities” to investors as something other than perfumed garbage. That is effectively what Tricolor has been doing with its auto loans, with the help of Wall Street.
In a Tricolor press release from March of this year titled “Tricolor Closes $328 Million Securitization to Advance Financial Inclusion at Scale in Underserved Communities,” CEO Chu stated, ”By providing deserving people with access to reliable, affordable transportation, Tricolor, which operates across six states and ranks as the third largest used auto retailer in Texas and California, helps move them into the financial mainstream and reverse systemic financial inequities in America.” Like the other securities issuance I referenced, JP Morgan Chase also promoted these odious securities, along with Barclay’s and Fifth Third Bank.
Per Car Dealership Guy, Tricolor’s bonds have collapsed to a value of 12 cents on the dollar, virtually wiping out the investors who bought those bonds. But as bad as this all sounds so far, it’s actually worse. There was massive fraud by Tricolor, which is causing losses to all parties who did business with it.
The banks who were packaging Tricolor’s securities also had lines of credit extended to Tricolor. There was a recent regulatory filing by Fifth Third Bank revealing that it was booking a $200 million impairment (loss) for fraud involving one of its customers. In this filing, Fifth Third disclosed that there was “recently discovered alleged external fraudulent activity at a commercial borrower,” and that it “is working with the appropriate law enforcement authorities in connection with this matter.” Barron’s confirmed that this commercial borrower was Tricolor. JP Morgan Chase also has about $200 million in loans outstanding to Tricolor, so it too will almost certainly be booking a massive impairment charge for this unrecoverable debt.
Some of the news reports about the Tricolor fraud state that collateral was “double pledged,” meaning that unbeknownst to the banks lending money to Tricolor, the collateral they thought was backing up their loans was also pledged to other banks.
Tricolor was also the servicer of its “buy here – pay here” loan portfolio, remitting collected payments to the banks who securitized their loans. From my experience dealing with fraud in this arena, it is quite likely that there was some level of kiting / ponzi scheme at work, and a constant inflow of new debt was necessary to keep servicing old debt that was not supported by actual assets.
Working in Tricolor’s favor to perpetuate the fraud was the aura of woke virtuosity that kept the money flowing in, which also helped shield Tricolor from appropriate due diligence by those same woke banks throwing money at it.
Working against Tricolor was President Trump’s immigration enforcement. The Department of Homeland Security issued this press release earlier this week: “Over 2 million Illegal Aliens Out of the United States in Less than 250 days.”
Funny how, after the company’s disasterous social justice rebrand, Keir Starmer’s Labour government bailed out Jaguar/Range Rover to the tune of £1.5 billion after a hack attack, despite the company being owned by India-based Tata.
Remember Operation Choke Point, the Obama-era policy (renewed by Biden) to “unbank” disfavored people and industries (like firearms) despite the lack of any law to do so? Citibank just announced that they’re ending their own anti-gun policy.
Financial services company Citi is walking back its political de-banking policy and its requirement for retail clients to restrict gun sales, making it the latest large corporation to distance itself from progressive corporate governance.
Citi announced the changes Tuesday after examining its corporate policies in light of shifts to the regulatory climate and President Trump’s executive orders.
“We will update our employee Code of Conduct and our customer-facing Global Financial Access Policy to clearly state that we do not discriminate on the basis of political affiliation in the same way we are clear that we do not discriminate on the basis of other traits such as race and religion,” the banking company said in a statement.
“We also will no longer have a specific policy as it relates to firearms. Our U.S. Commercial Firearms Policy was implemented in 2018 and pertained to sale of firearms by our retail clients and partners. The policy was intended to promote the adoption of best sales practices as prudent risk management and didn’t address the manufacturing of firearms.”
So Citi will no longer discriminate against businesses that operate to enable a protected constitutional right. Imagine that.
Citi’s rescinded policies are both part of the environmental, social, and governance (ESG) movement in corporate America that seeks to use corporations as vehicles for progressive goals. The ESG and diversity, equity, and inclusion movements in corporate America have been in retreat since Trump returned to office and signed executive orders to aggressively combat DEI and illegal racial discrimination. Walmart, McDonald’s, Target, Verizon, Meta, and numerous other corporations have scaled back DEI commitments since Trump resoundingly won the 2024 presidential election.
“Scaling back” isn’t enough. ESG is illegal, racist poison that destroys shareholder value. ESG and DEI need to be completely purged from corporate America. Actually, all America, but publicly-held companies have a fiduciary duty to do so.
Conservatives have raised the alarm about financial companies “de-banking” right-wing clients and denying them access to services because of political orientation. The practice has mostly impacted right-wing extremists—
[[citation needed]] Here NRO is making an assertion unsupported by the evidence, unless they have access to a secret list of the unbanked that we don’t. Also, given their own case of TDS, I don’t trust today’s NRO to define “right-wing extremists.” And remember that the late David Horowitz was among Operation Choke Points unbanking targets.
—but it has spilled out into industries disfavored by the left and other conservative institutions.
“Spilled out into”? Operation Choke Point targeted Obama’s enemies from the git-go.
Republican lawmakers have also raised the alarm about cases of de-banking involving gun dealerships and religiously affiliated institutions.
The cryptocurrency industry has been particularly critical of what crypto proponents believed to be targeted and weaponized de-banking practices. But the crypto industry has also been associated with fraud, money laundering, and other illicit schemes involving criminal networks that banks look to clamp down on.
President Donald Trump called out Bank of America and JP Morgan for de-banking in January at the World Economic Forum, reigniting the debate about de-banking at the start of his second term. Both financial titans disputed Trump’s allegations and said they were proud to serve clients of all political affiliations.
In March, the Trump organization sued Capital One for alleged de-banking four years ago because of their political views, an allegation the company disputed.
Denying basic services to Americans based on their political views is deeply un-american. The idea needs to be thrown on the ash heap of history along with the rest of the ESG, DEI and social justice garbage.
As mentioned in yesterday’s LinkSwarm, Trump has offered temporary tariff relief for everyone…except China. China got hit with even higher tariffs. Evidently the only “trade war” that is happening right now is with China…and China is losing.
Behind the global economic chaos provoked by president Trump’s tariff tsunami, there are growing indications of a strategic purpose. It is now conceivable that plunging into, and then retreating from, a generalised trade war was actually a deliberate means to a truly geostrategic end: to thwart China’s ambition to replace the US as the dominant world superpower.
While Trump’s public statements still chiefly concern the need to impose economic measures to correct decades of unfair foreign trade, senior US officials, including Pete Hegseth, defence secretary, and Scott Bessent, treasury secretary, are increasingly taking a more strategic geopolitical line.
In late January, Hegseth told the US armed forces that America would “work with allies and partners to deter aggression in the Indo-Pacific by communist China”. In Panama, he said that Beijing was investing in the region for military and economic advantages. “War with China is certainly not inevitable … But together we must [deter] China’s threats in this hemisphere.”
Bessent has linked recent US tariff tactics with a shared geostrategic pushback against China, stating that “we can probably reach a deal with our allies, and then we can approach China as a group”.
In this light, the suspension of tariff combat for 90 days with most countries, while doubling down on the levies imposed on China, leaves Beijing isolated and in the firing line.
So far, after reciprocal gestures and vowing to “fight to the end”, Beijing has focused mainly on rallying anti-US sentiment across the globe. But India and Australia declined to join forces with China. ASEAN remains caught between opposing powers. The EU, in a quandary over Russia and Ukraine, likewise continues to hedge.
China has long sought to frame the West as a feeble, fragmented anachronism. Is it conceivable that, by unleashing economic fire and fury on friends and then provisionally reining it in, Trump might succeed, where Western multilateral diplomacy failed, in forcibly forging a credible consensus of opposition to the threat of global Chinese hegemony?
One assumes that Washington understands that it cannot prevail over China alone and a substantive US pivot to the Asia Pacific to press home a contest with China is starting to emerge. Trump has already reached out to Japan and South Korea, and US officials have tackled Vietnam. The Philippines, in striking distance of any hostilities over Taiwan, support the US and talk about preparing for war.
Taiwan, South Korea, India, Japan, Vietnam, Philippines: It’s like a greatest hits of nations that have bad blood with China. It’s no wonder they’ve chosen to trade with the world’s biggest economy rather than a historical enemy with designs of territorial expansion.
The developing world now faces a binary choice, and ruthlessly exploited debt and resource dependencies are not a firm basis for loyalty. This remains the case despite decades of nugatory US investment and engagement.
Under Trump’s tariffs, it is too soon to know how far China will be able to maintain the global supply lines on which its aspirations to become the world leader of innovative consumer production depend. Nor will it be easy to develop export markets big enough to compensate for declining sales to the West and its allies. Beijing’s military influence has begun to expand, but remains localised.
Most importantly, the question of Taiwan is now implicit in US language about deterring Chinese aggression. How does Trump’s assault on China’s geostrategic ambitions affect the threat of an imminent blockade, or even a full-scale invasion? The widespread view that an invasion isn’t inevitable now gives little real assurance.
Indeed, with the US taking an active stance, the status quo based on “ambiguity” is gone. Preparations to besiege Taiwan, let alone to invade, would be spotted in time for pre-emptive action.
104% tariffs on China are not enough, I’m advocating 400%. I do business in China, they don’t play by the rules. They’ve been in the WTO for decades. They have never abided by any of the rules they agreed to when they came in for decades. They cheat, they steal, they steal IP, I can’t litigate in their courts. They take product, technology, they steal it, they manufacture it and sell it back here …
I want Xi on an airplane to Washington to level the playing field. This is not about tariffs anymore. Nobody has taken on China yet … As someone who actually does business there, I’ve had enough. I speak for millions of Americans who have IP that have been stolen by the Chinese … the government cheats and steals and FINALLY an administration … that puts up and says “enough!” …
Xi can only stay the supreme leader if people are employed … It’s time to squeeze Chinese heads into the wall NOW!
Or check out this video from Chris Chappell of China Uncensored.
“The CCP wants to defend global trade. But they’re the ones who destroyed it in the first place.”
“The Chinese Communist Party is freaking out about US tariffs. They’ve launched a full-on propaganda blitz, calling the tariffs abuse. And blackmail. And if anyone is an expert on abuse and blackmail, it’s the CCP. The CCP is also claiming to be the defender of global trade. Yes, China is going to safeguard multilateralism and the multilateral trading system. And they totally are! I’m not being sarcastic here. They really are.”
“The CCP is going to fight for the current global trading system. It’s not because they love international cooperation, which is just propaganda BS. It’s because the CCP has spent decades manipulating global trade to their advantage. So there’s no way they’re going to let all that lying and cheating go to waste. Plus, global trade is basically the only thing keeping China’s economy afloat.”
“China is an export economy. That means their economy relies on manufacturing stuff for the rest of the world to buy. Chinese manufacturing exploded after China joined the World Trade Organization in 2001. Because China was able to make stuff more cheaply than other countries, consumers around the world benefited from lower prices on Chinese imports. But countries also lost tons of manufacturing jobs to China. The US alone lost more than two million jobs between 1999 and 2011 as a result of Chinese imports.”
“Besides manufacturing, the other big driver of China’s recent economic growth was real estate investment. Which became a problem after China’s real estate market started to collapse in 2020. So, the CCP decided to double down on manufacturing. They pumped billions of dollars into building more factories and exporting more goods to keep China’s economy from crashing. Which did work, but now China is making way more stuff than the rest of the world can buy. That’s called overcapacity.”
“China is making way more batteries, solar panels, and electric vehicles than the rest of the world wants. And because China has so much overcapacity, it also doesn’t import much from other countries. Which means China now has a trade surplus of almost a trillion dollars. That’s more than any country’s trade surplus in the past century, even adjusted for inflation. And China doesn’t show signs of stopping. Its export volume is growing three times as fast as global trade. That’s insane.”
“So what happens when China exports more and more stuff? They have to cut prices to be able to sell it all. Which means other countries lose even more jobs to China. Entire industries shut down. There are now certain products you can only buy from China. And when those are critical things like medical supplies, that gives China massive political and economic leverage on other countries. Remember when China stopped exporting medical goods during the early days of Covid? Yeah, that, but on an even bigger scale.”
“So that’s why the Chinese Communist Party is fighting to maintain the global trading system. They dominate it. And without it, China’s economy would fail. And their political control would crumble.”
“But how did China get here? It’s not just about cheap labor. The CCP has built an entire economic system to dominate global trade. Back when China joined the World Trade Organization in 2001, they promised to follow rules to ensure fair trade practices. To be fair to the CCP, something I never thought I’d say, they did make a bunch of economic reforms in order to get into the WTO. But after they joined, they violated the WTO rules repeatedly. They’ve been cheating the system for decades. And largely getting away with it. You see, the WTO rules are set up to prevent government intervention that would artificially distort global trade. But in a communist system, it’s government intervention all the way down.”
He brings up the example of honey producers getting subsidies at every step of production.
“This industrial policy is incredibly effective for the CCP. It’s how the CCP jump-started its entire electric vehicle industry. And they’re now flooding the rest of the world with cheap EVs.”
“Yes, these are all things that other countries do, too. But no one does them on the same scale as the CCP. In 2019, the CCP spent almost $250 billion dollars on its industrial policy. That’s massive.”
“But it’s not just industrial policy. There are also ways China’s entire financial system distorts global trade. Like everything in China, the financial system is political. All banks in China are either state-owned or state-linked, so the CCP controls how they give out loans. Which means state-owned banks give lots of loans to state-owned enterprises, and to other companies the CCP wants to support. And if those companies can’t pay them back? The banks just keep extending the loans. Because it’s better to take the financial risk than to risk getting on the CCP’s bad side.”
“The CCP’s industrial policy and financial system is destroying the global trading system. More countries have stopped relying on the World Trade Organization to stop the CCP’s unfair trade practices. Instead, they’re putting their own tariffs on Chinese goods. Like Europe’s tariffs on China’s EVs. Or President Trump’s tariffs on China’s…everything.”
Then there’s China’s use of transshipping to other countries to get around tariffs and sanctions. “The US has had anti-dumping tariffs on Chinese honey since 2001. So Chinese exporters have tried to get around it with what’s called ‘honey laundering.'”
“So that’s how the CCP’s industrial policy, their financial system, and their export system are all designed to manipulate global trade. They’ve kept China’s economy going, while hurting other countries. Both advanced economies and developing economies are dealing with the fallout. But it’s gotten so bad, that the rest of the world has no choice but to fight back. Not just the US, but also Europe. And as a result, we may be watching the collapse of global free trade. And it’s the CCP’s fault.”
Also, Trump has the upper hand in the fight because China’s factories had already been closing left and right before he took office, due to rising labor costs and dwindling foreign customers. Here’s a China Observer video from 11 months ago speculating that 90% of Chinese factories might have to close.
And that was before Trump’s tariffs.
Trump is going to win his trade showdown with Xi because American has a much stronger economy than China, one that supports vastly higher domestic consumption, and because he holds all the cards.
Before social justice was the ruling religion/scam of the far left, The Church of Global Warming held sway in their hearts. They still mutter the catechisms, and lots of Democratic Party bigwigs still have their fingers in the green scam pie, but the world as a whole, freed from their bondage to Big Green thanks to shifting political sands, is jumping off the “carbon neutral” bandwagon while the jumping is good.
In Texas, scrutiny from Attorney General Ken Paxton has caused several big banks to pull out of NetZero pacts.
Attorney General Ken Paxton has revealed that three major United States-based banks have withdrawn from the United Nations-led Net-Zero Banking Alliance.
Launched in April 2021, the group comprises banks “committed to aligning their lending, investment and capital markets activities with net-zero greenhouse gas emissions by 2050,” according to the alliance’s website.
The group’s first commitment statement provides more details, pledging to “transition all operational and attributable GHG emissions from our lending and investment portfolios to align with pathways to net-zero by mid-century, or sooner.”
In October 2023, Paxton opened a review of the statuses of Bank of America, JPMorgan, Morgan Stanley, Wells Fargo, and other financial institutions pursuant to Senate Bill 13, first passed by the Texas Legislature in 2021.
The law prohibits governmental entities from entering into contracts with companies that boycott oil and gas companies. The financial institutions’ membership in the NZBA raised questions about their compliance with this law.
His review specifically focused on companies required to provide letters detailing their compliance with SB 13. Those already known to be a part of NZBA—like Bank of America, JPMorgan, Morgan Stanley, and Wells Fargo—are listed in the letter.
Other financial institutions listed are Barclays, DNT Asset Trust, Fidelity Investments, RBC Capital Markets, the Royal Bank of Canada, State Street, and TD Bank.
“Any company submitting a standing letter to us in the future must inform us if it or any affiliate is a Net Zero Alliance Member. To the extent we learn that a company with a current standing letter, or its affiliate, is a Net Zero Alliance Member, the company will be treated similarly to the companies identified on the attached list,” explained Paxton’s letter on the review process.
Wells Fargo announced it was leaving the alliance on December 20, followed shortly thereafter by Bank of America on December 31. Morgan Stanley left NZBA on January 2, and JPMorgan exited on January 7.
“More and more financial institutions are taking a major step in the right direction by leaving the radical and anti-energy Net-Zero Banking Alliance. The NZBA seeks to undermine our vital oil and gas industries, and membership could potentially prevent banks from being able to enter into contracts with Texas governmental entities,” explained Paxton. “I am glad that Bank of America, Morgan Stanley, and JPMorgan have terminated their NZBA membership.”
In addition to the four banks pursued by Paxton, financial giant Citigroup left the alliance on December 31. Goldman Sachs left on December 10, kicking off the mass exodus.
It turns out that the vast majority of Americans are far more interested in such frivolous objectives as “feeding my family” and “paying rent” than paying $120 trillion to theoretically drop the temperature of the globe by 1.5°C three-quarters of a century hence. Banks, now free of having to curry favor with radical “environmental justice” warriors in Biden’s ghost administration, are following suit and backing away from pie-in-the-sky decarbonization goals.
Congratulations on making it to the end of a difficult but exhilarating 2024, and I hope you had a Merry Christmas! Christmas week is always slow, so this will be a smaller LinkSwarm than usual, and thank goodness for that. More Biden misdeeds, lots of Russian stuff blows up, two horrible gay pedophiles go to prison forever, and Democratic judges going out of their way to punish the victims. Let’s dig in!
President Joe Biden is transferring more student loan debt onto American taxpayers with only weeks left until he departs the Oval Office.
The Biden administration announced Friday that it is giving $4.28 billion of student debt relief to almost 55,000 more public service workers including teachers, nurses, and law enforcement officials.
“From Day One of my Administration, I promised to make sure that higher education is a ticket to the middle class, not a barrier to opportunity,” Biden said in a statement.
“Because of our actions, millions of people across the country now have the breathing room to start businesses, save for retirement, and pursue life plans they had to put on hold because of the burden of student loan debt.”
The Department of Education is forgiving the debt through the Public Service Loan Forgiveness program, a policy that permits the forgiveness of remaining student loans for public employees who have made 120 monthly payments.
Federal bureacurats are simply more equal than mere citizens…
Remember how Biden commuted and pardoned some of the worst people in the world earlier this month? Well, he found worse ones still.
President Joe Biden on Monday commuted the sentences of 37 of the 40 men on federal death row, reclassifying their sentences to prevent President-elect Donald Trump from allowing their executions when he returns to office in January.
The 37 men were all convicted of murder. Their sentences will be reclassified from execution to life in prison without the possibility of parole, according to the White House.
The men whose sentences are being reclassified include Shannon Agofsky, who murdered a bank president, dumped his body in a lake, and then killed another man in prison; Brandon Basham and Chadrick Fulks, who escaped from prison and killed two women while on a 17-day crime spree; Ricky Allen Fackrell, a white supremacist who killed a prison inmate; and Daryl Lawrence, who killed a police officer during a bank robbery.
“Make no mistake: I condemn these murderers, grieve for the victims of their despicable acts, and ache for all the families who have suffered unimaginable and irreparable loss,” Biden said in statement. “But guided by my conscience and my experience, . . . I am more convinced than ever that we must stop the use of the death penalty at the federal level.”
Biden only left three men on federal death row: Robert Bowers, the gunman who shot and killed eleven worshipers at the Pittsburgh Tree of Life synagogue in 2018; Dylann Roof, a white supremacist who killed nine people at a black church during a Bible study in 2015; and Dzhokhar Tsarnaev, the 2013 Boston Marathon bomber.
Biden’s so opposed to the death penalty he only refused to commute sentences for those criminals the public would pay attention to…
Do blue state Democratic officials think they can defy the federal government on deporting illegal aliens? A hard rain is gonna fall.
Hoover Institution senior fellow Victor Davis Hanson said Thursday that incoming border czar Tom Homan is starting with Democratic Chicago to deport illegal immigrants in order to set a precedent for other cities threatening to block his efforts.
Since President-elect Donald Trump’s nomination of Homan as border czar, the former Immigration and Customs Enforcement (ICE) acting director has warned Democratic mayors to step aside as some have threatened to refuse cooperation with ICE on mass deportations.
Snip.
Hanson argued that Homan’s focus on Democratic Chicago Mayor Brandon Johnson will set a precedent, emphasizing that the incoming border czar is listening to Democratic constituents concerned about illegal immigration in their city.
Snip.
I know the most obnoxious, the most crazy, the most nullification advocate in one of the second or third largest cities is Chicago, that crazy Mayor Johnson,’” Hanson continued. “‘So we’re going to tell him first, you try to stop the federal government and you think you’re South Carolina 1832 or you think you’re firing on Fort Sumner. You’re going to regret it because you were breaking federal law and we have a lot more federal laws that you would want us to follow in your interest than you do federal laws to break.’”
“That’s going to be interesting because what Homan is basically doing is talking over the mayor’s head to the black constituencies of Chicago and saying, don’t worry, your mayor doesn’t, he’s going to break the law, but I’m going to follow it and I’ll put him in jail for your benefit so that you don’t have to worry about Venezuelans and Colombians shooting you or taking over your social services,” Hanson added.
U.S. President-elect Donald Trump plans to continue military support for Ukraine, the Financial Times reported on Dec. 20, citing undisclosed sources.
Three officials familiar with discussions revealed that Trump intends to keep supplying US military equipment to Ukraine after his inauguration.
Trump’s foreign policy team also informed European officials that he plans to push NATO allies to raise their defense spending to 5% of their GDP. NATO member states currently follow a goal of allocating 2% of their GDP to defense spending.
A Georgia couple was sentenced to 100 years in prison without parole after adopting two boys and sexually abusing them.
William and Zachary Zulock will each spend the rest of their lives behind bars, after pleading guilty to aggravated sodomy, aggravated child molestation, incest, and sexual exploitation of children. Each were sentenced on Dec. 19.
Sanders said he first encountered some of these services while investigating Kremlin-funded disinformation efforts in Ukraine, as they are all useful in assembling large-scale, anonymous social media campaigns.
According to Sanders, all 122 of the services he tested are processing transactions through a company called Cryptomus, which says it is a cryptocurrency payments platform based in Vancouver, British Columbia. Cryptomus’ website says its parent firm — Xeltox Enterprises Ltd. (formerly certa-pay[.]com) — is registered as a money service business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
Sanders said the payment data he gathered also shows that at least 56 cryptocurrency exchanges are currently using Cryptomus to process transactions, including financial entities with names like casher[.]su, grumbot[.]com, flymoney[.]biz, obama[.]ru and swop[.]is.
These platforms are built for Russian speakers, and they each advertise the ability to anonymously swap one form of cryptocurrency for another. They also allow the exchange of cryptocurrency for cash in accounts at some of Russia’s largest banks — nearly all of which are currently sanctioned by the United States and other western nations.
An analysis of their technology infrastructure shows that all of these exchanges use Russian email providers, and most are directly hosted in Russia or by Russia-backed ISPs with infrastructure in Europe (e.g. Selectel, Netwarm UK, Beget, Timeweb and DDoS-Guard). The analysis also showed nearly all 56 exchanges used services from Cloudflare, a global content delivery network based in San Francisco.
“Purportedly, the purpose of these platforms is for companies to accept cryptocurrency payments in exchange for goods or services,” Sanders told KrebsOnSecurity. “Unfortunately, it is next to impossible to find any goods for sale with websites using Cryptomus, and the services appear to fall into one or two different categories: Facilitating transactions with sanctioned Russian banks, and platforms providing the infrastructure and means for cyber attacks.”
“Wells Fargo Exits Net-Zero Banking Alliance After Texas Probe Into Anti-Energy Policies Attorney General Paxton has ended a review of the bank and allowed state governmental entities to do business with Wells Fargo again.”
Another day, another fake hate crime hoax. “A Tennessee college revealed that racist messages found written on campus were fabricated by a student in an apparent attempt to make Donald Trump supporters look bad. Rhodes College confirmed to Fox News Digital that a student had admitted to leaving the messages strewn about campus that were found over Thanksgiving break and were being investigated as a hate crime. Instead, it turned out to be yet another race hoax.”
Georgia woman arrested for evicting squatter from her house. And then the judge scolded her for her “privilege.” Sounds like a whole lot of people need federal equal protection lawsuits filed against them. (Hat tip: Stephen Green at Instapundit.)
The Biden Administration isn’t yet done, and still more of it’s dirty dealings are coming to light. Remember Operation Choke Point, the semi-secret program to “debank” disfavored businesses like guns and weed under the Obama administration? Well say hello to Operation Choke Point 2.0, where the disfavored people being unbanked are the Obama/Biden Machine’s political opponents.
Investor Marc Andreessen made headlines last week when he told Joe Rogan that dozens of tech founders had been quietly “debanked” under the Biden administration.
Elon Musk commented on a shorter clip and asked: “Did you know that 30 tech founders were secretly debanked?”
Andreessen called the orchestrated effort “Operation Choke Point 2.0,” in reference to an Obama-era initiative targeting the gun industry which triggered anti-boycott laws in some red states.
“Debanking is when you, as either a person or your company, are literally kicked out of the banking system,” he explained. “Under current banking regulations, after all the reforms of the last 20 years, there’s now a category called a ‘politically exposed person,’ PEP. And if you are a PEP, [banks] are required by financial regulators to kick them off, to kick them out of your bank. You’re not allowed to have them.”
“Basically, it’s a privatized sanctions regime that lets bureaucrats do to American citizens the same thing that we do to Iran, just kick you out of the financial system,” he said. “So this has been happening to all the crypto entrepreneurs in the last four years.”
“So when Trump says the deep state, the way we would describe it is administrative power,” Andreessen said. “It’s political power being administered, not through legislation. There’s no defined law that covers this, it’s not through regulation. There’s nothing you can do — you can’t go sue a regulator to fix this. It’s not through any kind of court judgment. It’s just raw power. It’s just raw administrative power. It’s the government or politicians just deciding that things are going to be a certain way, and then they just apply pressure until they get it.”
Sounds deeply illegal, unconstitutional, and un-American, doesn’t it?
Here’s the video:
One person Andreessen mentions as being debanked is David Horowitz of FrontPage and the Freedom Center.
“You literally can’t get a bank account. You can’t get a Visa terminal. You can’t process transactions. You can’t do payroll. You can’t do direct deposit. You can’t get insurance.”
“Choke Point 2.0 is primarily against their political enemies and then to their disfavored tech startups, and it’s hit the tech world hard. We’ve had like 30 founders debanked in the last four years.” But lunatic tech/crypto founders like Sam Bankman-Fried get left alone despite breaking the rules because they donate to Democrats.
“This is one of the reasons why we ended up supporting Trump. It’s like we just can’t live in this world. We can’t live in a world where somebody starts a company that’s a completely legal thing, and then they literally get sanctioned.”
Here’s more of that interview with Andreessen, in which he says that the censorship regime against the enemies of the left/deep state was “widely understood.”
MA: “There’s nothing that happened at Twitter in the Twitter files that wasn’t happening to the all the other companies.”
MA: “It’s a consistent pattern. If you got the YouTube files, they would look exactly the same.”
MA: “The Biden White House was directly exerting censorship pressure on American companies to censor American citizens, which I think is just flatly illegal. I think it’s actually subject to criminal charges.” That would be willful denial of rights under the color of law.
MA: “There were also members of Congress doing the same thing, which is also illegal.”
MA: “Then there was a lot of funding of outside third party groups that were that were bringing a lot of pressure down on censorship.”
MA: “There’s a unit at Stanford, you know, right next door. The internet censorship unit that was funded by the US government [that] exerted tremendous pressure on the companies to censor, and it was very effective.”
JR: “One of the things that I found really kind of shocking was when they revealed how much money the Democrats had spent on the election, and how much money was spent on activist groups. It’s like more than $100 million, right?”
MA: “There’s extensive Government funding of politically oriented NGOs. NGO is one of those great terms, right? Non-governmental organization, all right. Like what what the hell is that?”
JR: “What is that? Tell me. I don’t know.”
MA: “It’s sort of a charity. But most of the time it’s a political entity. It’s an entity with a political agenda, but then it’s funded by the government. In a very large percentage of cases, including the the NGOs in the censorship complex. Like the government grants, National Science Foundation grants, like direct State Department grants, right? Then its okay. Now you’ve got an NGO funded by the government. Well, that’s not an NGO, right? That’s a GO.”
MA: “You’ve got government officials using government money to fund what what look like private organizations that aren’t.”
MA: “What happens is the government outsources to these NGOs the things that it’s not legally allowed to do.”
JR: “Like what?”
MA: “Like censorship. Like violation of First Amendment rights. What they always say is the First Amendment only applies to the government. The First Amendment says the government cannot cannot censor American citizens. And so what they do is, if you want to censor American citizens, if you’re [what] you do is you fund an outside organization and then you have them do it.”
JR: “That’s like hiring a hitman. Like it’s not okay to murder someone, but you can hire someone to murder someone and you’re clean.”
MA: “When the government does that, [that’s] a very powerful message. Like it’s a message from a mob boss. ‘Don’t you want to do me a favor?’ ‘Yes, Mr. Gambino, I do right. I’d like my corner store not to catch on fire tonight.'”
Also this tidbit: “In her book, Melania Trump, the former first lady, claimed her bank account and that of her son Barron were shut down in the wake of the Jan 6 riots. ‘This decision appeared to be rooted in political discrimination,’ she wrote.” Ya think?
If Democrats didn’t hesitate to go after a First Lady and her son, they certainly wouldn’t hesitate to come after me or you…
