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U.S. Reportedly Weighing $5 Billion Rare Earth Investment Fund, Sending Miners Soaring

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U.S. Reportedly Weighing $5 Billion Rare Earth Investment Fund, Sending Miners Soaring

The US is weighing the creation of a $5 billion mining investment fund, which would mark its largest step yet into direct dealmaking to secure critical minerals, according to a Bloomberg report out this morning.

As a result, shares of rare earth companies MP Materials and USAR are both surging higher on the news…

Ironically, the amount proposed is about half of what we suggested earlier this summer…

Bloomberg writes that the US International Development Finance Corp. (DFC) is in talks with New York–based Orion Resource Partners to form a joint venture, though terms are still under negotiation and no deal is certain.

The proposed structure would see both parties contribute equally, scaling toward a combined $5 billion—similar to Orion’s $1.2 billion partnership with Abu Dhabi’s ADQ earlier this year.

Orion, which manages about $8 billion across mining-focused private equity, credit, and trading, has argued governments must play a bigger role in critical minerals markets, echoing China’s strategy of building stockpiles.

The initiative reflects rising concern over mineral supply chains. China dominates processing of metals such as copper, cobalt, and rare earths while its companies expand aggressively abroad. Longer-term forecasts point to shortages driven by weak investment, declining ore grades, and slow permitting.

The DFC, created late in Trump’s first term, has already backed mining ventures from Mozambique to central Africa, including a $150 million loan to Syrah Resources (a Tesla supplier) and $550 million for rail upgrades on the Lobito Corridor. A $2.5 billion commitment to Orion would be the agency’s biggest to date.

MP Materials’ stock surge since the beginning of this year has been dramatic.

On the day the Pentagon’s investment was announced, MP shares surged more than 50% as investors priced in the guaranteed revenue and government backing. In the days that followed, the stock rallied further after Apple revealed a $500 million supply deal with MP, ultimately pushing the company’s year-to-date gains to well over 200–250% by mid-July.

In the last 12 months, shares are now up more than 370%. 

*  *  *

Tyler Durden
Tue, 09/16/2025 – 15:50

TikTok US Will Be Controlled By Oracle, Silver Lake And Andreessen

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TikTok US Will Be Controlled By Oracle, Silver Lake And Andreessen

After months of intense debate, the fate of TikTok’s US business appears to have been decided: according to the JPM, one of the world’s most valuable media properties will be controlled by an investor consortium including Oracle, Silver Lake and Andreessen Horowitz under a framework the U.S. and China are finalizing as talks shift into high gear.

The arrangement which was discussed by U.S. and Chinese negotiators in Madrid this week, would create a new U.S. entity to operate the app, with US. investors holding a roughly 80% stake and Chinese shareholders owning the rest. This new company would also have an American-dominated board with one member designated by the U.S. government.

Existing users in the US would be asked to shift to a new app, which TikTok has built and is testing. More importantly, TikTok engineers will re-create a set of content-recommendation algorithms for the app, using technology licensed from TikTok’s parent ByteDance, although even the smallest deviation from the parent algo would likely doom the US-based app to failure as that particular highly addictive “secret sauce” is why the app is so popular.

Oracle, a longtime TikTok partner, would handle user data at its facilities in Texas, the WSJ noted. 

Both sides are still working out the final details of the proposed deal and terms could change. Negotiations over TikTok come as both Washington and Beijing lay the groundwork for a potential meeting between President Trump and Chinese leader Xi Jinping later this year, with Beijing pushing for a Trump visit to China.

For the TikTok plan to comply with U.S. law, tech industry executives argue, its algorithms must be created and maintained by an American engineering team insulated from Chinese influence. Beyond the financial terms, deciding how to handle TikTok’s algorithm has been a tricky part of the deal because it is seen as arguably the most lucrative part of the company.

“We’ve got a deal on TikTok. I’ve reached a deal with China. I’m going to speak to President Xi [Jinping] on Friday to confirm everything,” Trump said outside the White House Tuesday morning before leaving for a trip to the U.K. “These are very big companies that want to buy it.”

The framework of the agreement came together during the Madrid trade talks in recent days. The contours of the deal have been under consideration since this spring. The two sides began discussions in January, when Trump said he would keep TikTok from going dark under a 2024 law by executing a deal to save it in the U.S.

“Both sides have reached a basic consensus on resolving the TikTok issue, ” Wang Jingtao, deputy director of China’s top cyberspace regulator, told reporters in Madrid.

Existing ByteDance investors, including Susquehanna International, KKR and General Atlantic, would be part of the group owning roughly 80% of the new company. The stake of ByteDance’s Chinese shareholders would dip just under 20% to comply with a U.S. law passed last year requiring the firm to do a deal or stop operating in America.

Beijing had expressed concern about a U.S.-controlled entity using technology that TikTok’s parent developed in China, in particular the algorithm that decides which videos to recommend. But Wang said China was now open to “licensing the use of TikTok’s algorithm and other intellectual property rights.” He also said both sides have agreed on “entrusting the operations of U.S. user data and content security business.”

The details will receive scrutiny from officials in both countries who are still worried about the national-security implications. Concerns about Chinese control of an app used by some 170 million Americans led Congress to pass the law that President Joe Biden signed last year.

Tyler Durden
Tue, 09/16/2025 – 15:34

‘Armed Queers’ Marxist Revolutionaries Under Investigation For Possible Foreknowledge Of Kirk’s Assassination Plot

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‘Armed Queers’ Marxist Revolutionaries Under Investigation For Possible Foreknowledge Of Kirk’s Assassination Plot

FBI Deputy Director Dan Bongino said Monday that Charlie Kirk’s accused assassin, Tyler Robinson, described by some as a “radical left, ANTIFA-adjacent creep” with a radicalized transgender partner, may have been “aided and abetted” by an “extended network.” 

The New York Post confirms that federal agents are investigating whether pro-trans online groups, “furries” with sexualized animal obsessions, and others tied to Robinson had advance knowledge of the political assassination plot. These groups include communities on the online gaming platform Steam, as well as Armed Queers Salt Lake City.

Instant messaging and VoIP social platform Discord stated that Robinson did not plan violence on the platform. However, a Discord spokesperson said the assassin wrote in a channel – just hours before arrest – that he was responsible for Kirk’s killing. 

“Hey guys, I have bad news for you all,” read a message from an account that allegedly belonged to Robinson, according to CBS News, citing a law enforcement source. “It was me at UVU yesterday. im sorry for all of this.”

Robinson was formally charged moments ago with murder in Utah. He will be appearing in court at the top of the hour. 

Recall that on Sunday, we cited an Axios report stating that federal law enforcement was broadening its investigation to include radical leftist groups. We noted, “There is still suspicion surrounding multiple groups, including Armed Queers Salt Lake City and the Socialist Rifle Association” (report here).

John Solomon’s team at Just The News also had its crosshairs on Armed Queers Salt Lake City on Sunday, reporting:

Not far from where FBI agents continue to scour for more evidence in Charlie Kirk’s assassination, a self-described armed revolutionary group openly aligned with Cuba has risen up on the streets of one of America’s most conservative states. 

Armed Queers SLC says its mission is to train gay, queer and transgender people to arm themselves and to fight against capitalism. Although their purported Facebook page does not directly appear to encourage the use of firearms in their claimed mission, many of the images used depict firearms. As recently as this spring, its members traveled to Cuba for a meeting to celebrate the May Day holiday and participate in a march and events alongside revolutionaries from around the world.

. . . 

Two leaders of Armed Queers — Ermyia Fanaeian and a man who called himself “Connor” — discussed their trip to Cuba in a since-deleted May video titled, “Cuba Report Back: Our Time as 2025 May Day Brigadistas.” A search by Just the News could not positively identify him.

Which leaves us with X user DataRepublican, also known as Jennica Pounds, who leads DOGE-adjacent efforts full-time, went down the Armed Queers rabbit hole last night.

What Pounds found expanded on Solomon’s report, and we are sure that the FBI and Rubio’s State Department are also investigating this radical leftist group, which has ties to Cuba and other organizations working to subvert the nation, with the ultimate goal of sparking a Marxist revolution to collapse capitalism and the nation. 

*  *  *

Pick up a seed bucket…

*  *  *

Highlights from Pounds’ report on Armed Queers:

  • Armed Queers SLC is under investigation for possible foreknowledge of Charlie Kirk’s assassination.

  • Their leader, Ermiya Fanaeian, was recognized by a State Dept–affiliated NGO, Utah Global Diplomacy, as a recipient of the “7 for 17” Award for advancing the UN’s 17 Goals

  • Utah Global Diplomacy has since scrubbed Fanaeian’s presence from their website. Unknown when this purge happened. The receipts remain.

Her deep dive into the Marxist revolutionary group: 

This is what pops up when you search for her name in connection to Utah Global Diplomacy. All scrubbed.

And, yes, she was an organizer with Armed Queers SLC.

Per the 990 form with Utah Global Diplomacy (EIN 876128308), the nonprofit is a partner with the US State Department to cultivate emerging leaders and diplomacy initiatives. In other words, she was selected to “help shape U.S. Foreign relations.” Their words, not mine. 

Fanaeian was selected as Utah Global Diplomacy’s first “7 for 17” Award Winner , honoring her work to advance UN’s 17 Sustainable Goals. I’m pulling together the exact nature of the work that she did for the UN.

Utah Global Diplomacy reports receiving most of its income in government grants.

I managed to pull one of the scrubbed pages off the Internet Archive … and it recognized her work in “gender equality” (Sustainable Development Goal #5). Specifically for trans youth.

Let me emphasize. SLC Armed Queers is not “adjacent” to the honor that Ermiya Fanaeian got from Utah Global Diplomacy. Utah Global Diplomacy specifically awarded her for her work with trans people, of which SLC Armed Queers is key. This may be why they scrubbed their pages.

I find mention of Fanaeian on an UN website where she was a speaker at an affiliated event. Topic: LGBTQ+ Nonprofits

Fanaeian was honored as a “Young Diplomat of Utah.”

I’m trying to trace the exact award (unknown if they get money from the State Department directly or if it’s granted through Utah state), but it seems that they’ve applied for awards at the Utah level.

Their entire 7 for 17 site seems to be scrubbed.

Very ironically, Fanaeian also appears to have co-founded the Utah chapter of March for Our Lives. @davidhogg111 if you’re serious about gun control, you. might want to kick out this person who also runs an armed, pro-gun group.

She specifically works to arm queer and trans communities for “communal militant defense.”

Iranian.

The 2025 May Day trip of SLC Armed Queers to Cuba: “Well, if we’re terrorists, we’re proud to be terrorists”

In the same deleted video, SLC Armed Queers recount Cuban med students declaring, “If we’re terrorists, we’re proud to be terrorists” at an official school event. They also praise Cuba’s president for sounding like a U.S. street organizer and openly backing a “liberated Palestine.”

Separate from Pounds’ report, using publicly available data via Sayari, Ermiya Fanaeian appears to serve as a director at Great Salt Lake Abortion Access Fund. 

Profiling Armed Queers SLC’s X following list, we noticed numerous revolutionary groups:

  • Communist Party USA, UTAH 

  • Salt Lake Democratic Socialists of America

  • Democratic Socialists of America

  • Communist Billionaire Neville Roy Singham’s New York-based People’s Forum

  • Socialist Rifle Association

  • Socialist Rifle Association, NYC

  • Socialist Rifle Association, L.A.

Follower List

One big club of furries. 

Meet the Marxists, and their nihilistic accelerationist pals … 

Also, Armed Queers had an obsession with “No Kings” protest and the 50501 movement …

And guess who funds No Kings? As per Schweizer’s reporting:

“New Schweizer team investigation reveals how ‘No Kings’ and its partners bagged $114.8 million from the Arabella dark money network and how these professional protest organizations use tax dollars as a force multiplier.”

Are you beginning to see how the Democratic Party’s dark-money-funded NGO network operates?

Civil terrorism expert Jason Curtis Anderson of One City Rising has previously warned:

One of the hardest parts of confronting rising left-wing extremism is that even those who care about the issue often don’t understand how it operates. That’s not their fault—it’s extraordinarily complex. The revolution against the West spans thousands of organizations that may not be formally linked but are marching in unison toward the revolution.

A concise overview looks like this:

  • Political Orgs: The Democratic Socialists of America (DSA) is the primary political arm, with the Party for Socialism and Liberation (PSL) close behind. PSL is part of the Neville Roy Singham network and serves as their vehicle for running political candidates.

  • Militant Anarchists: A growing militant wing trains in weapons and self-defense, including groups such as Antifa, the Socialist Rifle Association, Armed Queers, Behind Enemy Lines, and Unity of Fields.

  • Climate Activism: Billions have flowed into climate-activist organizations, many of which increasingly employ anarchists.

  • Social & Racial Justice Groups: Since the rise of BLM, billions—public funds included—have supported the social and racial justice groups that regularly advocate for burning down the country.  

  • Civil-Rights & Legal Orgs: Legacy anti-Western activists (“movement lawyers”) staff these groups, suing governments, police, and schools while training allies to push limits without triggering terrorism charges.

  • Foreign Interest Groups: Beyond the Neville Roy Singham network, other foreign powers, including the CCP, maintain domestic footholds.

  • Funding: Much of the money for this revolutionary activity comes from the progressive NGO ecosystem—Open Society Foundations, Tides, Ford, Rockefeller Brothers, Arabella Advisors, and the broader dark-money network.

As of Monday, Deputy Chief of Staff for Policy and Homeland Security Advisor Stephen Miller announced an all-of-government approach to disrupt and dismantle “left-wing organizations that are promoting violence in this country.” 

Back to Curtis’ quote above, we’ll leave you with this: “The revolution against the West spans thousands of organizations that may not be formally linked but are marching in unison toward the revolution.”

Tyler Durden
Tue, 09/16/2025 – 14:45

Bitcoin, Ether Could Make “Monster Move” In Next 3 Months: Tom Lee

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Bitcoin, Ether Could Make “Monster Move” In Next 3 Months: Tom Lee

Authored by Martin Young via CoinTelegraph.com,

Bitcoin and Ether are set for a huge rally in the fourth quarter this year thanks to easing monetary policy in the United States, according to Fundstrat co-founder and BitMine chairman Tom Lee.

Monetary liquidity sensitivity and global central banks’ easing, along with strong seasonality will drive Bitcoin and Ether prices, said Lee on CNBC on Monday. 

“I think they could make a monster move in the next three months … huge.”

He added that these might be one of the “stand-out trades” for the rest of this year, also partially driven by the Federal Reserve reducing rates for the first time this year.

Lee compared the situation to September 1998 and 2024 when the Fed was on an “extended pause” and cut rates that month.

“The Fed can actually reinject confidence by saying we’re back into an easing cycle,” he said, adding that a rate cut will be a “real improvement in liquidity.”

The US central bank is expected to cut rates by 25 basis points on Wednesday, though futures markets predict a slim 4% chance of a larger 50 basis point cut. 

Tom Lee is bullish on BTC and ETH. Source: CNBC

Ethereum trades like 1971 Wall Street 

When asked if BTC and Ether were still risk-on assets, Lee said that Bitcoin was particularly monetary policy and liquidity sensitive, while Ether also has elements of being sensitive to liquidity.

“But it’s also part of this AI moving onto the blockchain and Wall Street moving onto the blockchain and that whole stablecoin ChatGPT moment for crypto,” he said before adding:

“So Ethereum, I think, almost trades like 1971 Wall Street when the dollar went off the gold standard and there was a lot of innovation … Ethereum essentially is a growth protocol.” 

Lee closed by saying this was why BitMine was aggressively acquiring Ether.

BitMine accumulates more ETH

In its latest update on Monday, the company revealed that it had $10.77 billion in cash and crypto holdings, including 2.15 million ETH.

The company now holds $9.7 billion worth of Ether, or almost 1.8% of the entire supply. 

“The convergence of both Wall Street moving onto the blockchain and AI and agentic-AI creating a token economy is creating a supercycle for Ethereum,” said Lee.

ETH prices were trading at just over $4,500 at the time of writing, down 2.7% on the day, but up almost 5% since the same time last week. 

*  *  *

Take this too, it’s dangerous to go alone.

Tyler Durden
Tue, 09/16/2025 – 14:25

Record Direct Demand For Stellar, Stopping-Through 20Y Auction

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Record Direct Demand For Stellar, Stopping-Through 20Y Auction

After 3 stellar coupon auctions last week, with 10Y yields trading effectively at the lowest level since last October (excluding the Liberation Day basis trade freak out) , and with the Fed set to cut by at least 25bps, there was little anxiety ahead of today’s 20Y coupon auction. And with good reason: moments ago the day’s coupon auction, a reopening of the 19-Year, 11-Month cusip UN6, went without a glitch in what was a very solid auction. 

The auction priced at a high yield of 4.613%, down from 4.876% last month and the lowest since October 24. It also stopped through the When Issued 4.615% by 0.2bps, the 3rd consecutive through auction in a row.

The bid to cover was 2.74 up from 2.54 in July, the second highest since March and above the 2.65 six-auction average. 

The internals were a bit weaker, with Indirects taking down 64.6%, up from 60.6% last month (which was the lowest since Feb 24), and with Directs taking down 27.9%, the highest on record…

… Dealers were left holdings just 7.6%.

Overall, this was a very solid auction, whose highlight this month was the record Direct award, any in any event the demand was clearly there and the yield on the 10Y is now back down to session lows with just 24 hours left until tomorrow’s FOMC decision. 

Tyler Durden
Tue, 09/16/2025 – 13:27

Zelensky Is ‘Going To Have To Make A Deal’ With Russia, Trump Urges

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Zelensky Is ‘Going To Have To Make A Deal’ With Russia, Trump Urges

President Trump told reporters in passing on the White House lawn Tuesday that Ukrainian President Volodymyr Zelensky “is going to have to make a deal” with Russia to end the the long-running war.

Last month’s historic Alaska Trump-Putin summit failed to produce or lead to anything substantial, other than perhaps an improvement of bilateral relations. Trump acknowledged in the fresh remarks that the Ukrainian and Russian leaders “hate each other,” and said “it looks like I have to sit in the room with them, because they can’t sit in a room together.”

Ukrainan Presidencial ServiceAFP via Getty Images

“There’s great hatred there. But no, that meeting accomplished a lot,” he said in reference to the Alaska summit.

And yet the reality remains that Putin and Zelensky are at this point no closer to actually being in the same room together, much less the same venue, even if other mediators like Trump are there.

Trump also in his comments took the opportunity to apply more pressure on the European Union, saying it must stop all purchases of Russian oil “immediately”.

“They’ve got to stop immediately, not fair to us. They’re purchasing Russian oil, and we have to do this,” he said.

Ukraine’s Zelensky without doubt wants the next round of EU sanctions to hit Moscow, but has also appeared supportive of Trump calling out Europe’s oil and other energy imports.

“I’m sure the US can apply enough sanctions in order to hurt the Russian economy, plus Donald Trump has enough force to make Putin afraid of him,” Zelensky said.

Still, Kiev wants to see more and more robust sanctions leveled from Washington’s direction. “Europe has already introduced 18 sanctions packages against Russia. And all that’s lacking now is a strong sanctions package from the US,” Zelensky has said.

As for Trump admitting that Zelensky must make a deal, the big question remains whether Trump is willing to use the significant leverage the United States has over the Ukrainian leader.

So far Trump has not been willing. He could simply cut off the weapons and money flows to the Zelensky government if he wanted to – but he’s not even threatening to at this point. Such actions would result in huge pushback from Trump’s own Republicans. So for now, his urging Zelensky to the peace table appears to just be empty words, with no threat of repercussions. Meanwhile:

TRUMP ADMINISTRATION CLEARS FIRST UKRAINE ARMS AID PACKAGE PAID FOR BY ALLIES, SOURCES SAY

Currently, there are reports indicating that Trump and Zelensky might meet again next week. At this point, there’s no sign of a Putin-Zelensky meeting being anywhere on the horizon.

Tyler Durden
Tue, 09/16/2025 – 13:15

Mystery Trader Makes Record Bet On 50bps Rate Cut Tomorrow

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Mystery Trader Makes Record Bet On 50bps Rate Cut Tomorrow

With a 25bps rate-cut fully priced in tomorrow, a mystery trader made a massive bet yesterday to hedge against the possibility of a much larger 50bps cut – very much against the consensus in the market.

After last week’s jobless claims and CPI/PPI malarkey, there has been some rotation in the market relating to The Fed’s rate-cut trajectory (with 2025 expectations declining and 2026 expectations increasing)…

The 2025 shift has seen September odds of a 50bps cut tumbled (from almost 20% to only around 4% now) while October’s odds of a 25bps cut are also falling…

So, despite that hawkish shift, Bloomberg’s Ed Bolingbroke reported an eventful morning session in the US yesterday for flows in the front-end of the curve included the largest ever block trade in fed funds futures.

The trade took place in the October fed funds, for an amount of 84,000 contracts which is equivalent to $3.5 million per basis point in risk.

As Bolingboke notes, the price and timing of the trade was consistent with a buyer, potentially indicating a hedge against a half-point rate cut at Wednesday’s policy meeting, given a quarter-point cut is now fully baked into the swaps market.

The CME confirmed this was the largest ever block trade in Fed Funds Futures…

Along with the massive fed funds futures flow, and perhaps reflecting the shift seen in the first chart above, there was also a huge SOFR spread trade via a September 2026/March 2027 steepener.

This position may reflect a wager on more front-loaded and deeper rate cuts vs. current policy pricing.

As we noted earlier, and bearing in mind these new large positions, Goldman believes the main near-term risk to equity markets would be an unwind of Fed cutting expectations, particularly for some of the lower quality pockets of the market that have benefited from a more ‘goldilocks’ backdrop.

Tyler Durden
Tue, 09/16/2025 – 13:00

Clearinghouses And The Basis Trade

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Clearinghouses And The Basis Trade

By Russell Clark of the Capital Flows and Asset Markets substack

In a recent post, I wondered if the Trump administration was going to force the Federal Reserve out of the “QE Business” – or in other words ban them from buying assets, and get them to focus solely on interest rate markets.

This could be a huge issue for markets. Whenever asset markets have threatened to unwind, central banks have stepped in as buyers. The UK gilt market is good example, where the Truss budget was a shock, that caused initial margins on gilt trading to rise which caused the market to have no bidders and yields to surge. It required the BOE to restart QE to bail out basis traders.

When looking at basis trades (typically buying physical treasuries and then selling interest rate futures or derivatives) there are two different market to look at. LCH owned by the LSE Group and has dominant market share in interest rates derivatives and European bonds. CME dominates Treasury trading, and JSCC dominates JGB trading. We are mainly concerned with treasuries here, so we will look at date from LCH and CME. Looking at variation and initial margin data, there is a cyclicality to this. Spikes in variation and initial margins SHOULD be correlated.

As of the most recent data point, q2 2025, margins look low at LCH.

CME data is more interesting. Q2 data shows much more of a spike in both variation and initial margins, more inline with the air pocket we saw in Treasuries during the “Liberation Day” tariff sell off.

More surprising was the lack of margin breaches at LCH

Something we also saw at CME.

Having studied clearinghouses for a while, this would match up with market moves. The MOVE Index (a measure of bond volatility) tends to match initial margins, and spikes from low levels to high levels tend to march up with margin breaches. So 2020, and 2022 saw margin breaches, but since 2023, the MOVE index has tended to be moving lower.

Generally speaking, clearinghouses tend to cause trend following to work well. So when things are going well, for example the MOVE Index is going lower, then initial margins will fall, and asset markets will behave. It is only a problem when volatility inflects higher. So generally speaking, IF the Fed gets out of the bond buying business, AND the Trump administration delivers inflationary fiscal policy or we get an oil shock, then we will have a problem. But the data above suggests that will be more likely a 2026 or 2027 problem. The only data point that I found particularly bearish was a huge drop in KCCP – which determines the capital charge for trading with LCH.

This fall in capital charge is very good for basis traders and other users of the clearinghouse, as it allows less capital to be put aside. The fall was driven by a regulatory change, which in essence allows the clearinghouse to net trades. But netting is the key issue with clearinghouses. Netting is the fundamental driver of basis trade, and leverage. LCH reports initial margin numbers on a total and net basis. As I understand it, the net number is purely hypothetical. Is the amount of initial margin LCH calculates would be necessary if all trades could be netted.

Theoretically this should be fine. But analysis suggests that we are ending up with a bifurcated market, with hedge funds all one side, and banks all the other side. As an old report form the BIS noted, all US banks have become a net lender to the repo market.

Putting it all together, conditions are nearly perfect for a clearinghouse blow up – but not yet. A sustained period of the MOVE index trading in the 50 to 60 range should allow sufficient leverage to build for a blowout move. I still think long dated government bond yields go higher. But an air pocket move like we saw in gilts in 2022, or treasuries earlier this year looks unlikely until 2026.

Tyler Durden
Tue, 09/16/2025 – 12:45

Biden FBI Targeted Charlie Kirk’s Turning Point USA

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Biden FBI Targeted Charlie Kirk’s Turning Point USA

Authored by Matt Margolis via PJ Media,

FBI Director Kash Patel faces questions during a Senate Judiciary Committee hearing Tuesday morning, during which Sen. Chuck Grassley (R-Iowa) revealed that whistleblower revelations showed that Joe Biden’s FBI targeted not just Donald Trump, but a wide swath of Republican organizations — including Charlie Kirk’s Turning Point USA.

AP Photo/Jeffrey Phelps

Grassley reminded Patel of the FBI’s recent history of political weaponization, pointing directly to an operation known as “Arctic Frost.”

“At your nomination hearing, I made public records that whistleblowers provide me about Arctic Frost,” Grassley said. “Arctic Frost was the FBI case opened and approved by anti-Trump FBI Agent Thibeau. Arctic Frost then became Jack Smith’s elector case against then-citizen Trump and now-President Trump.”

According to Grassley, newly obtained records show that the Arctic Frost probe was far broader than previously known. “The case was expanded to Republican organizations,” Grassley explained. “Some examples of the group that Wray and FBI sought to place under political investigation included the Republican National Committee, Republican Attorney General’s Association, and various Trump political groups.”

The scope was staggering. “In total, 92 Republican targets, including Republican groups and Republican-linked individuals, were placed under investigative scope of Arctic Frost,” Grassley said. “On that political list was one of Charlie Kirk’s groups, Turning Point USA.”

Grassley argued that the evidence proves that Arctic Frost was more than just an anti-Trump operation. It was actually about crippling the Republican political infrastructure. 

“In other words, Arctic Frost wasn’t just a case to politically investigate Trump,” Grassley declared. “It was the vehicle by which partisan FBI agents and Department of Justice prosecutors could achieve their partisan ends and improperly investigate the entire Republican political apparatus.”

“So today, Sen. Johnson and I are making these records public for the entire country to see, and I hope a lot of people are interested in seeing what government can do when various agencies have a political agenda,” Grassley said.

Grassley also connected the dots to the politically charged prosecution of former Trump adviser Peter Navarro. “My investigative work has also exposed the political way in which Peter Navarro was investigated and prosecuted,” he said, noting one FBI agent’s reaction to Navarro’s charges: “When FBI Agent Thibeau found out that Biden’s DOJ would prosecute Navarro, he said, ‘Wow, great.’ That’s a quote-unquote.”

The exposed weaponization of the FBI isn’t just a matter for Washington insiders; it’s a direct assault on the very foundation of our republic. Americans must demand full transparency and accountability before our institutions become irreparably politicized. 

This scandal isn’t some partisan gripe; it’s a glaring threat to the democratic process that affects every voter and every election ahead. And let’s not forget, Biden himself set the tone by labeling Trump supporters as enemies of the state. That rhetoric, coupled with a weaponized FBI, created the toxic political climate that ultimately led to Kirk’s assassination.

If this scandal enrages you, join the club. PJ Media calls out the FBI’s corruption while legacy outlets will no doubt look away. Help us keep exposing what the Left wants hidden—subscribe to PJ Media VIP with code FIGHT for 60% off. Exclusive content, ad-free! browsing, and comment privileges! Rally now—your voice matters more than ever.

Tyler Durden
Tue, 09/16/2025 – 12:05

NY Judge Tosses Terrorism Charges Against Luigi Mangione, Murder Count Stands; Democrats Cheer In Streets

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NY Judge Tosses Terrorism Charges Against Luigi Mangione, Murder Count Stands; Democrats Cheer In Streets

A New York state judge just moments ago dismissed terrorism charges against Luigi Mangione in the state’s case over the late 2024 killing of UnitedHealthcare CEO Brian Thompson, but kept second-degree murder charges in place. 

New York Judge Gregory Carro ruled that although Mangione’s actions were ideologically motivated, New York law requires proof of intent to intimidate or coerce a civilian population for terrorism charges, which prosecutors failed to present.

Carro ruled that prosecutors presented “legally sufficient evidence of all other counts, including Murder in the Second Degree.” Mangione has pleaded not guilty to the rest of the charges.  

This was the first time in five months that Mangione, a 27-year-old Ivy League graduate from Baltimore, Maryland, returned to a Manhattan courtroom.  

Mangione’s “intentions were obvious from his acts, but his writings serve to make those intentions explicit,” prosecutors wrote in a recent filing, adding that the writings “convey one clear message: that the murder of Brian Thompson was intended to bring about revolutionary change to the healthcare industry.”

Law enforcement indicates the words “delay,” “deny,” and “depose” that were etched into the bullet casings, echoing a phrase commonly used to describe how major insurance companies avoid paying claims.

Mangione has remained in custody at a Brooklyn jail since his arrest, about five days after the December 4 killing of Thompson.

Mangione has developed a cult-like following within the Democratic Party, which conservative activists such as Charlie Kirk have long warned is a symptom of normalizing and spreading “assassination culture.”

Kirk was assassinated last week by what appears to be a “radical left, Antifa-adjacent creep” who also etched revolutionary terminology into bullet casings, including the word “Fascists.”

The radicalization timeline of Mangione should be scrutinized, including whether the Baltimore-based Gilman School or the University of Pennsylvania played any role in shaping his leftist ideology.

Tyler Durden
Tue, 09/16/2025 – 10:25

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