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The American Public Will Have To Step In To Eliminate The Parasitic Bureaucracy

The American Public Will Have To Step In To Eliminate The Parasitic Bureaucracy

Authored by Brandon Smith via Alt-Market.us,

The reasons why conservatives fight so adamantly for smaller government have never been more obvious than they are today. Even before the DOGE audits, the galactic cost of federal debt spending was clearly crushing our economy. The interest payments alone are costing the American taxpayer around $1 trillion annually. If nothing changes for the better the national debt will hit $54 trillion by 2034.

Of course, this is unsustainable. The system will completely collapse well before another decade ends; under the weight of rising interest rates or under the weight of exponential inflation. We are already seeing the results of the spending bonanza through ongoing stagflation. Prices on most goods are 30% higher (or more) in the past 5 years. Home prices and rent costs are up at least 50% on average. Americans are being financially suffocated.

The US public wants a reckoning for this theft – And yes, it is theft. Our government, like an MC Escher drawing, is an endless maze of dead ends and black holes. It’s a vampiric organism that siphons money from taxpayer pockets, infinitely churning and embezzling and feeding until there is nothing left. It will not stop, until we make it stop.

Part of this parasite’s defense is to pretend like it doesn’t exist. We know it exists because we can see our blood being drained; we can see the results. But proving that it exists is another matter and it was nearly impossible because the only entity that has been allowed to audit the government is the Government Accountability Office (GAO). In other words, the government audits itself.

Most of our government apparatus is NOT elected. The vast majority of it is created from thin air through bureaucracy. Each new tentacle, once created, grows without regulation and forms new tentacles until there is no way to tell what connects to what and where all the money is going.

The original source of this bureaucracy is a cabal of ultra rich elites backing unaccountable NGOs. They helped to create the system over decades so that they could slither back and forth from government to NGOs to corporations without being noticed. The revolving door became standard and the same wealthy moguls and social engineers heading up think tanks and non-profits and international conglomerates were now able to cycle into various government agencies and change policy to benefit them.

Without the bureaucracy the power of the elites is greatly diminished. That is to say, bureaucratic agencies ARE the true power in government – Not presidents, not congressmen, not senators, and certainly not the American people. Political parties can change, presidents can change, the US can go from red to blue and back again, and the system remains mostly the same.

Until the Trump Administration and DOGE, no one has even tried to audit the government and figure out what the majority of these agencies are doing. The same goes for the Federal Reserve Bank, which facilitates fiat cash beyond the limits of taxpayer funds. They make deficit spending possible and allow the bureaucracy to grow without restriction. The Fed has never faced a full audit either, and good luck trying to get Congress to institute one.

The bottom line is this: The government has been deliberately engineered in such a way that nothing can ever be fixed or reformed. The existence of “the bureaucracy” as we know it today was never intended by the Founding Fathers and it should not be allowed to remain. It is the “Shadow Government”, or at least, it is the primary mechanism by which the Shadow Government rules over the US. Get rid of the bureaucracy and the elites lose everything.

This is why the global geopolitical reaction to DOGE has been so insane and violent; the parasites are seeking to protect themselves and keep their blood supply flowing.

Why does the average American citizen need an agency like USAID? We don’t need it – It serves no purpose. It functions only as an embezzlement scheme for bureaucrats and NGOs.  So, we just get rid of it, right? Except it’s not that easy…

For now it appears that the bureaucracy is using the judicial apparatus in a bid to prevent DOGE and Trump from making necessary cuts. Trump is being told that as President, he’s not allowed to fire anyone in the Federal Government. Think about how insane that sounds.

The jurisdictional overreach and clear political bias is astonishing, but it makes sense. The US President is not supposed to have any real power, he’s only meant to act as a figurehead to make us peasants feel like our votes matter. He’s not supposed to actually follow through on his campaign promises and effect legitimate reform according to the will of the people. That’s crazy talk…

The bureaucrats are so used to running the country and controlling the cash behind the scenes that they are utterly shell-shocked by the notion of being independently audited. They think they are above scrutiny or accountability.

Democrats in particular are absolutely enraged, taking to social media and ranting about how “democracy is under threat” because employees within these agencies are being asked to justify their jobs. The reaction to DOGE is so unhinged I don’t think the public is processing it yet.

Again, the Shadow Government (the bureaucracy) is the real government. When leftists claim audits and cuts are a “danger to democracy” what they mean to say is, THEIR POWER is being threatened. The majority of American voters elected Donald Trump and by extension his administrative team based on his campaign platform of smaller government and balanced budgets. Democrats argue that the will of the voters is anti-democratic.

So what is the solution to this blatant obstruction of voter choice and government accountability?

I believe the situation may end up calling for public intervention by conservative citizens. Leftist activists are being organized by NGOs to thwart DOGE, but where are the conservative activists to help DOGE? Maybe unnecessary agencies need to be shut down by public mandate regardless of what woke Obama appointed judges say?

A mass of conservatives surrounding an agency building would shut operations down by default and send a message, wouldn’t it? Leftists had no problem picketing outside the houses of Supreme Court Judges when they overturned Roe V Wade; conservatives could do the same thing with leftist judges blocking deportations of illegal migrants. If leftists want to use political intimidation by setting fire to Tesla dealerships, conservatives could organize groups to watch over these businesses.

This is not necessarily an effort to protect some electric cars from being vandalized. The point is to send a message that conservatives are not going to sit at home doing nothing while leftists run rampant doing whatever they please. The political left has had a near monopoly on public action for far too long.

I get it – A lot of these people are being paid to do what they’re doing and the rest of us have real jobs and real lives to keep us busy. But frankly, this should galvanize people more. If so many of these activist groups are astroturf then there needs to be a grassroots response to confront them. If they need to be paid and we don’t, then we hold a more legitimate and powerful position in the long run.

In terms of judicial obstruction I see very little recourse other than citizen intervention.

The other option is for the Trump Administration to ignore the judges and continue forward, but even this strategy would require very public mass support from Americans. To be clear, I understand that this creates a slippery slope for presidential power. However, did any of us in the Liberty Movement really believe that the government would shrink itself or that the elites would release their hold over the system because of an election?

Did anyone really think that a reckoning would happen with the endorsement of the courts? The courts have never been the true counterbalance to tyranny, the American people are the counterbalance.

Make no mistake, this is a life or death struggle playing out in front of our eyes. If we continue down the current path of unrestricted government our economy will implode and the establishment elites are positioned to take full advantage of such a crisis. There will be nothing left of America when they are finished; our nation will be a dried up husk.

Now is the time to remove them and their institutions from our society. If we don’t accomplish this task soon our children and their children will live in a world controlled by a faceless bureaucratic mafia immune to all accountability; driving each new generation into perpetual poverty and oppression.

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Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.

Tyler Durden
Fri, 03/28/2025 – 18:25

This Is The Income Needed To Be Middle Class In Every US State

This Is The Income Needed To Be Middle Class In Every US State

How much do you need to make to be considered middle class in the U.S.? According to research by SmartAsset, that can range from $36,000 to $200,000, depending on where you live.

This graphic, via Visual Capitalist’s Bruno Venditti, illustrates the income needed to be considered middle class in every U.S. state. Middle class in this graphic is defined as earning between two-thirds and double the median household income. SmartAsset compiled the data as of February 2025.

To Be Middle Class

The median household income in the U.S. is approximately $75,000, with half of Americans earning less. States with high urbanization and economic activity, like California and New York, tend to have much higher income requirements to count as middle class, while rural states with lower costs, like West Virginia and Arkansas, have lower thresholds.

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In Massachusetts, a household needs to earn between $67,000 and $200,000 to be considered middle class. The state has a high cost of living due to expensive housing, high taxes, and strong demand for services. Its economy is driven by industries like technology, healthcare, and education, attracting well-paid professionals and increasing competition for housing, especially in cities like Boston.

State Lower bound on middle class income Upper bound on middle class income
Massachusetts $66,565 $199,716
New Jersey $66,514 $199,562
Maryland $65,779 $197,356
New Hampshire $64,552 $193,676
California $63,674 $191,042
Hawaii $63,542 $190,644
Washington $63,064 $189,210
Utah $62,274 $186,842
Colorado $61,934 $185,822
Connecticut $61,104 $183,330
Virginia $59,948 $179,862
Alaska $57,748 $173,262
Minnesota $56,718 $170,172
Rhode Island $56,642 $169,944
New York $54,725 $164,190
Delaware $54,235 $162,722
Vermont $54,135 $162,422
Illinois $53,532 $160,612
Oregon $53,435 $160,320
Arizona $51,538 $154,630
North Dakota $51,012 $153,050
Nevada $50,904 $152,728
Texas $50,515 $151,560
Idaho $49,956 $149,884
Georgia $49,750 $149,264
Wisconsin $49,749 $149,262
Nebraska $49,722 $149,180
Pennsylvania $49,211 $147,648
Maine $49,150 $147,466
Florida $48,869 $146,622
Wyoming $48,272 $144,830
South Dakota $47,869 $143,620
Iowa $47,617 $142,866
Montana $47,198 $141,608
North Carolina $47,198 $141,608
Kansas $46,884 $140,666
Indiana $46,313 $138,954
Michigan $46,117 $138,366
Missouri $45,692 $137,090
South Carolina $45,198 $135,608
Ohio $45,175 $135,538
Tennessee $45,083 $135,262
New Mexico $41,508 $124,536
Alabama $41,471 $124,424
Oklahoma $41,421 $124,276
Kentucky $40,741 $122,236
Arkansas $39,129 $117,400
Louisiana $38,815 $116,458
West Virginia $37,295 $111,896
Mississippi $36,132 $108,406

Meanwhile, in Mississippi, the minimum household income to be considered middle class is $36,162. Mississippi is one of the cheapest states to live in due to its low housing costs, lower-than-average wages, and relatively low taxes. The cost of goods and services, including groceries, healthcare, and transportation, is also lower than the national average. Additionally, Mississippi has a lower population density and is less of an economic hub compared to wealthier states.

If you enjoyed this post, be sure to check out this graphic, which ranks the income a family needs to live comfortably in every U.S. state.

Tyler Durden
Fri, 03/28/2025 – 18:00

Feds Investigate California Schools Accused Of Hiding Children’s Gender Transition From Parents

Feds Investigate California Schools Accused Of Hiding Children’s Gender Transition From Parents

Authored by Aaron Gifford via The Epoch Times,

A California policy that prevents schools from requiring staff to disclose a child’s gender identity or sexual orientation to his or her parents may be in violation of a federal law, the U.S. Department of Education announced Thursday.

The federal agency’s Student Privacy Policy Office, which oversees the Family Educational Rights Privacy Act (FERPA), is investigating instances in California where school personnel in various districts allegedly hid information from parents and assisted students with their gender “transition,” a March 27 news release notes.

The Department of Education alleged that AB 1955, which took effect on Jan. 1, conflicts with FERPA, which gives parents the right to review students’ records. The department’s news release said federal law supersedes any state law in this case.

“Teachers and school counselors should not be in the business of advising minors entrusted to their care on consequential decisions about their sexual identity and mental health. That responsibility and privilege lies with a parent or trusted loved one,” Education Secretary Linda McMahon said in the news release.

“It is not only immoral but also potentially in contradiction with federal law for California schools to hide crucial information about a student’s well-being from parents and guardians. The agency launched today’s investigation to vigorously protect parents’ rights and ensure that students do not fall victim to a radical transgender ideology that often leads to family alienation and irreversible medical interventions.”

In an email response to The Epoch Times, the California Department of Education said the federal law only requires schools to provide student records on request, not verbal disclosures.

“AB 1955 prohibits local educational agencies from mandating that staff disclose students’ gender identity to parents without student consent unless otherwise required by state or federal law,” the California agency wrote. 

“AB 1955 does not mandate nondisclosure. Based on the plain language of both laws, there is no conflict between AB 1955 and FERPA, which permits a parent access to their student’s written records upon request.”

Upon returning to the White House, President Donald Trump issued an executive order prohibiting schools from promoting the idea that there are more than two genders. School districts and states also face federal funding cuts for allowing males identifying as transgender to compete in girls’ or women’s sports.

Parents Defending Education, whose leaders in recent months have testified before legislative committees regarding educational issues, reports on its website that 1,214 districts across the country serving more than 12 million students in grades K-12 have policies openly stating that “district personnel can or should keep a student’s transgender status hidden from parents.”

Tyler Durden
Fri, 03/28/2025 – 17:40

Charlie Javice Convicted In JPM Fraud Case

Charlie Javice Convicted In JPM Fraud Case

The millennial who duped JPMorgan Chase into purchasing a now-defunct student finance startup—whose customer database was mostly fake—was found guilty of bank fraud by a Manhattan federal court jury on Friday and faces decades in prison. 

The startup, ‘Frank,’ was founded by former CEO Charlie Javice in 2016. It offered software to help young millennials obtain financial aid in what Javice framed as “an Amazon for higher education,” and had the backing of billionaire Marc Rowan – the company’s lead investor. 

All this schooling for what? 

Her political donations are blue…

In September 2021, JPMorgan touted the $175 million deal to purchase Frank, calling the platform the “fastest-growing college financial planning platform” used by over 5 million students at 6,000 institutions.

However, shortly after JPM closed the deal with Javice, the bank discovered that most of the platform’s claimed 4.25 million users were fabricated, with the actual number totaling fewer than 300,000. 

The five-week trial concluded after jurors deliberated for about six hours, reaching a verdict on Friday morning: they found Javice guilty on the most serious count of bank fraud, which carries a maximum prison sentence of 30 years.

Here are more details about the trial (courtesy of AP News):

Javice’s lawyer, Jose Baez, told the jury that JPMorgan knew what it was getting in the deal, and made up the fraud allegations due to buyer’s remorse after government regulatory changes made the data it received in the deal useless to its hopes of gaining new young customers.

. . .

Frank’s chief of engineering, Patrick Vovor, testified at the trial that Javice had asked him to generate synthetic data to support her claim that the company had over 4 million users. At the time, JPMorgan was insisting on verification of the customers. Vovor said he refused her request.

I told them I would not do anything illegal,” Vovor testified.

Defense lawyers attacked Vovor’s credibility during the trial, suggesting he had a crush on Javice and was resentful that he had been rejected, a claim he denied.

Prosecutors said Javice then paid a college friend $18,000 to use a computer program to create millions of fake names with pedigree information. The results were sent to a third-party data provider that JPMorgan hired to verify the number of customers, but the data provider never checked to ensure the people were real, testimony showed.

At the peak, Javice regularly appeared on corporate media TV outlets, even appearing on Forbes’ “30 Under 30”… 

There’s something about millennials appearing on Forbes’ “30 Under 30” and fraud. 

Javice is a Miami Beach resident who was arrested in 2023 and has been free on a $2 million bail since.  A sentencing date has not yet been set.

Whether she follows Elizabeth Holmes’ pathDelaying prison time through repeated pregnancies—remains to be seen. Her legal team will likely weigh this as a viable strategy. 

Tyler Durden
Fri, 03/28/2025 – 17:20

Tesla Takedown Revolutionaries Prepare Mobilization Nationwide

Tesla Takedown Revolutionaries Prepare Mobilization Nationwide

Far-left revolutionaries behind the “Tesla Takedowncolor revolution operation have identified dozens of Tesla targets nationwide and are preparing to mobilize far-left agitators aligned with the Democratic Party to those locations as soon as Saturday, in what the rogue group—reportedly funded by Soros-linked organizations like Indivisible—calls a “Global Day of Action.”

The Tesla Takedown website links to The Action Network—an online platform used by shady far-left NGOs to organize and fundraise—which shows that groups like Troublemakers and the Disruption Project are leading tomorrow’s efforts to “tank Tesla’s stock” and destroy shareholder value

Stopping Musk will help save lives and our democracy,” Tesla Takedown wrote on its website, adding, “The stakes couldn’t be higher. No one is coming to save us—not politicians, not the media.” 

Tesla Takedown’s claims are baseless and not grounded in fact.

Meanwhile, this call to action, or in other words, a mobilization of far-left agitators, some of which are paid by rogue NGOs, is being supported by unhinged Democratic lawmakers! 

And a failed vice-presidential candidate…

And far-left academia…

Elon Musk previously wrote on X that an investigation found five ActBlue-funded groups have fueled Tesla protests in recent weeks, including Troublemakers, Disruption Project, Rise & Resist, Indivisible Project, and Democratic Socialists of America (AoC’s party). 

Tesla Takedown claims on its website that its movement is “peaceful” and “oppose violence, vandalism and destruction of property.” Yet, there has been a series of domestic terrorism attacks on Tesla vehicles, service locations, and charging networks in recent weeks as the party of radicals and their corporate media allies push dangerous and toxic rhetoric to energize activists. This is nothing more than a rudderless party nurturing hate, violence, and destruction.

Here’s our latest reporting on the Democratic Party’s planned color revolution against Tesla by using their network of rogue NGOs:

Dems are using the same color revolution playbook with NGOs that was seen during the BLM riots in 2020. The party is resorting to violence as DOGE slashed NGO funding by neutering USAID and handing it over to the State Department.

All of this chaos comes as the Democratic Party’s polling numbers have imploded to record lows as their strategy becomes attacking an American company with some of its supporters firebombing private property.

Tyler Durden
Fri, 03/28/2025 – 16:40

Bedlam, Pending

Bedlam, Pending

Authored by James Howard Kunstler,

“You need a sufficient amount of ruthlessness to run a country” 

– Will Chamberlain on “X”

You understand, all these lawsuit shenanigans with select federal judges from Woke-crazed districts like Boston, San Francisco, Rhode Island, and the DC Beltway are aimed at provoking a second civil war. The objective is to burden Mr. Trump with so many restrictions on the executive that the country can’t be governed without declaring a national emergency.

This is the Democratic Party’s desperate strategy to stay alive: to preserve the flow of taxpayer money to its minions stuffed into the organs of government like cancer cells, and the vast network of NGOs that employ its agents and spread its sickness. The Democratic Party is a malignancy within the republic and the money is the blood-flow that feeds it.

DOGE is the chemotherapy that has starved some of the worst tumors, such as USAID. Chemotherapy is always hard on the patient. Cancer is a very tough and resourceful enemy of a healthy body, and fights back by any means available. Ultimately, it seeks to kill the body it has come to inhabit — in this case, the body-politic of the USA. We are fighting for the life of our republic against a demonic enemy.

The Democratic Party displays exactly the characteristics that human beings traditionally associate with pure evil. Above all, it lies about everything that it does. It lies, of course, in order to deceive you, so that you won’t understand how it is working to vanquish you and your posterity (your kids and their future). RussiaGate, Covid-19, the Ukraine War, all were marinated in lies. The lies operate through the perversion of language, so you won’t understand what is being said. For instance: that the Democratic Party is working to save our democracy. That howler persists in their every public performance.

The Democratic Party controls the major organs of information: The New York Times, CNN, Hollywood. They are the conveyers of lies, bamboozling the body politic to divide and conquer it. The Democratic party is a bad faith legion enlisted to defend the Father-of-Lies, America’s Deep State (a.k.a. the blob). That information regime is failing now along with the Democratic Party. The Deep State is failing with them. They are the parasites that kills its host. They intend to kill the republic as they go down.

The Supreme Court of the United States (SCOTUS) is supposed to function like an immune system for the body politic, defending it against political sickness. The current organized action in the federal judiciary against the executive is a grave sickness induced by the Deep State that must be corrected by the SCOTUS. We await that corrective action — a sweeping decision in reply to 100-plus lawsuits — that the chief executive is in-charge of the executive department and that his prerogatives to manage the staffing and actions of the executive agencies can’t be arrogated by federal judges.

So far, obviously, the SCOTUS has not yet come to issue that decision. Many of you worry that they will fail to, because Chief Justice John Roberts appears to be somehow under the influence of the Deep State. Let’s have a look. Sheldon Snook is Special Assistant to Chief Justice Roberts, and is deeply involved in the day-to-day management of the SCOTUS. Sheldon Snook is married to Mary McCord. Ms. McCord has been a leading actor, via her various roles in the Deep State, in the seditious operations against President Trump since 2017.

As Acting Attorney General for National Security in 2017, Mary McCord, turned James Comey’s FBI jihad against National Security advisor Mike Flynn into a malicious and ultimately unsuccessful prosecution. (The DOJ dropped the charges, which Judge Emmet G. Sullivan refused to execute, thus necessitating a pardon from Mr. Trump.)

Mary McCord was instrumental in the DOJ’s dishonest FISA application to surveil Carter Page (when Judge James Boasberg sat on the FISA Court). Ms. McCord quit the DOJ to become a counsel to the committee in the first impeachment of Donald Trump. In that role, she assisted Norm Eisen, the Chief Counsel to committee Chairman, Rep. Jerrold Nadler. Norm Eisen has gone on since that time to become the chief coordinator of lawfare operations against Mr. Trump. Mary McCord remains a senior fellow of the Atlantic Council, sponsored by George and Alex Soros. Sheldon Snook remains at John Roberts’ right hand.

Do you find these connections disturbing? Do they suggest where Justice John Roberts may stand in the war between the Deep State and President Donald Trump? I suppose we are going to find out.

So, if the SCOTUS upholds the arrogation of executive powers and prerogatives by federal district judges, don’t expect Mr. Trump to roll over for that decision. It may come to pass, as per all the above, that he will be constrained to declare a national emergency to vacate the Deep State actors who are trying to make it impossible for him to govern, establishing special tribunals to disarm them. This, of course, will be seen by the Deep State and the Democratic Party as cassus belli, an excuse to declare war against the president. We seem to be headed in that direction. There will be friction, heat, and light.

Tyler Durden
Fri, 03/28/2025 – 16:20

FAA Admits It Missed Dangerous Patterns Leading Up To DC Plane Crash, Vows Fixes

FAA Admits It Missed Dangerous Patterns Leading Up To DC Plane Crash, Vows Fixes

Authored by Rudy Blalock via The Epoch Times,

The head of the Federal Aviation Administration (FAA) told Congress on Thursday that the agency “[has] to do better” in identifying safety threats following January’s deadly midair collision over Washington, D.C., that claimed 67 lives.

During a hearing before the aviation subcommittee of the Committee on Commerce, Science and Transportation, FAA Acting Administrator Chris Rocheleau stated that an artificial intelligence-led review of airports with similar helicopter-airplane congestion is expected to be completed within a couple of weeks.

“We have to identify trends, we have to get smarter about how we use data, and when we put corrective actions in place, we must execute them,” Rocheleau said during the hearing.

The Jan. 29 collision between an Army helicopter and an American Airlines jetliner over the Potomac River left no survivors, marking the nation’s deadliest plane crash since November 2001. Of the 67 deaths, 64 were passengers and crew on the jetliner, and three were the crew of the Black Hawk helicopter.

85 Close Calls

National Transportation Safety Board (NTSB) Chairwoman Jennifer Homendy criticized the FAA for failing to recognize a pattern in the 85 close calls reported around Ronald Reagan Washington National in the three years preceding the crash.

Rocheleau acknowledged that while each incident was investigated, the agency missed what was an alarming trend.

In an immediate policy change announced during the hearing, Rocheleau said the FAA will now require all aircraft flying near Reagan National to broadcast their locations. This “ADS-B out data” provides air traffic controllers with position updates every second.

The hearing revealed that Army helicopters were still flying over the nation’s capital with location broadcasting systems turned off during what were deemed sensitive missions. Brig. Gen. Matthew Braman, the Army’s head of aviation, acknowledged that this practice was ongoing as of Thursday morning.

In response, Texas Senator Ted Cruz said it was “shocking and deeply unacceptable” that the Army has continued to do so.

During the hearing, Homendy said it would be important to also make sure the transmission equipment is still working, as the helicopter involved in the accident had not transmitted location data for 730 days. When the NTSB checked other helicopters in the same unit after the crash, eight had not transmitted since 2023.

The NTSB also reported that staffing in the air traffic control tower was “not normal” at the time of the collision and that there were communication lapses between air traffic control and the aircraft.

Dailey Crofton, brother of Casey Crofton, who died in the collision, attended Thursday’s hearing and said he was surprised at “the lapses of safety protocols that led to this crash.” Casey Crafton’s family filed a $250 million claim against both the FAA and the Army over the crash on Feb. 18.

Since the accident, helicopter traffic around Reagan National has been restricted whenever planes use the same runway the American Airlines plane was approaching before the collision. The FAA has also permanently banned the specific helicopter route under most circumstances following the NTSB’s recommendation.

Tim Lilley, father of American Airlines copilot Sam Lilley who died in the crash and a former Black Hawk pilot himself, said he was disappointed that the Army has not implemented simple safety improvements he recommended, including consistently using locator systems.

“I was frustrated with the lack of accountability. The Army still doesn’t want to say that they did anything wrong,” Lilley said during the hearing.

The FAA’s AI-powered review is examining areas with busy helicopter traffic, including Boston, New York, Baltimore-Washington, Detroit, Chicago, Dallas, Houston, Los Angeles, and along the Gulf Coast, with Rocheleau promising to act immediately if any safety risks are found.

Tyler Durden
Fri, 03/28/2025 – 15:40

Communist Revolutionary Arrested In Connection With Vegas Tesla Firebombing Attack

Communist Revolutionary Arrested In Connection With Vegas Tesla Firebombing Attack

The Democratic Party nurtures Communist revolutionaries like 36-year-old Paul Kim, who was arrested this week after shooting and firebombing a Tesla collision center in Las Vegas, Nevada.

LVMPD officers arrested Paul Kim on Wednesday night on charges including arson and possessing an explosive device. LVMPD announced the arrest at a press conference on Thursday afternoon.

LVMPD told reporters that a review of Kim’s social media profiles indicates the suspect has ties to radical extremist groups, including the Communist Party USA, Revolutionary Communist International, Hidden Palestine & Palestine Action

Libs of TikTok found Kim’s social media posts from the early BLM riot days, voicing his support for the Democratic Party’s NGOs that facilitated the color revolution of destruction across the nation in 2020

Attorney General Pamela Bondi released a statement shortly after Kim was arrested and charged in the connect with the Tesla attack:

“The Department of Justice has been clear: anyone who participates in the wave of domestic terrorism targeting Tesla properties will suffer severe legal consequences. We will continue to find, arrest, and prosecute these attackers until the lesson is learned.”

FBI Director Kash Patel stated:

“As promised, acts of violence and vandalism will not be tolerated, and today law enforcement personnel acted quickly to arrest an individual on charges including arson. Under Attorney General Bondi’s leadership, we will continue to pursue these investigations with the full force of law and will bring to justice anyone responsible for these attacks.”

There’s a race against time to defund and dismantle the Democratic Party’s rogue network of NGOs that plan an imminent color revolution to “kill” the Tesla brand and send the market capitalization of the American company into a “death spiral.”

The wave of violence and destruction by Democrats nationwide—targeting Tesla, much of it caught on camera—comes as the party’s poll numbers plunge to record lows.

Even CNN had to admit that its own party had imploded. 

What the party of revolutionary activists fails to realize is that the Overton Window shifted last year – so burning and destroying buildings, cars, and city blocks – like BLM riots – is no longer the socially acceptable norm. Doubling down on hate and violence will haunt the party in the next election cycle

Like this:

. . . 

Tyler Durden
Fri, 03/28/2025 – 15:00

Rickards: Trump & The Fate Of The Dollar

Rickards: Trump & The Fate Of The Dollar

Authored by James Rickards via DailyReckoning.com,

What is the Mar-a-Lago Accord? And what would a Mar-a-Lago Accord mean for the value of the U.S. dollar?

We begin our analysis with the name itself. Mar-a-Lago Accord is an echo of the three major international currency accords since the original Bretton Woods Agreements reached in 1944.

Accords Through The Years

The first was the Smithsonian Agreement in December 1971. This came in the aftermath of President Nixon’s decision on August 15, 1971, to end the convertibility of U.S. dollars into physical gold by U.S. trading partners at the fixed rate of $35.00 per ounce. The major countries in the global system (U.S., UK, France, Germany, Italy, Japan, Netherlands, Sweden, Switzerland, Canada, Belgium, and Netherlands) met at the Smithsonian Institution in Washington DC to decide how to reopen the gold window.

The main U.S. goal was to devalue the dollar. In the end, the price of gold was increased by 8.5% to $38.00 per ounce (revalued to $42.22 per ounce in 1973), which equaled a 7.9% dollar devaluation. Other currencies were revalued against the dollar, including a 16.9% upward revaluation of the Japanese yen.

The effort to reopen the gold window failed. Instead, major countries moved to floating exchange rates, which remains the norm to this day. Gold moved to free market trading and is currently about $3,050 per ounce. That gold price represents a 98.8% devaluation of the dollar measured by weight of gold since 1971.

The period from 1971 to 1985 was tumultuous in foreign exchange markets including the Petrodollar agreement (1974), the Herstatt Bank collapse (1974), the sterling crisis (1976), U.S. hyperinflation (50% from 1977-1981), a gold price super-spike (1980), and a major global recession (1981-1982). By 1983, inflation was subdued, the dollar was gaining strength, and strong economic growth was achieved in the U.S. under Ronald Reagan.

The next major economic gathering on foreign exchange was the Plaza Accord in September 1985. This was convened by U.S. Treasury Secretary James Baker at the Plaza Hotel in New York and included the U.S., Germany, the UK, Japan and France. At the time, the dollar was at an all-time high relative to other currencies. The dollar had even strengthened against gold, which had dropped in price from $800.00 per ounce in January 1980 to around $320.00 per ounce in 1985.

The purpose of the meeting was to devalue the dollar in stages. In this respect, the meeting was a success. Importantly, the method of devaluation was to be gradual and it was to be accomplished by central bank and finance ministry interventions in the foreign exchange markets. It was not a fiat devaluation; it was a finesse.

In practice, the market interventions were quite few. Once foreign exchange traders got the message, they took the dollar where it needed to go on their own. No foreign exchange dealer wanted to be on the wrong side of the trade if the central banks decided to intervene on any particular day.

The Louvre Accord, signed on February 22, 1987, among the U.S., UK, Canada, France, Japan and Germany was, in effect, a victory lap following the Plaza Accord. Between 1985 and 1987, the dollar did devalue against other currencies. The dollar also fell against gold, which rose from $320 per ounce to $445 per ounce by the time of the meeting. It was mission accomplished for Treasury Secretary James Baker. The purpose of the Louvre Accord was to lock down the accomplishments of the Plaza Accord, stop further dollar depreciation, and return to a period of relative stability in foreign exchange markets.

This accord was also a success. The dollar was mostly stable after 1987, despite the introduction of the euro in 2000 (the euro bounced between $0.80 and $1.60 in the early 2000s. Today it’s $1.09, which is not far from its original valuation of $1.16).

The other wild card was gold. After hitting bottom at around $250 per ounce in 1999, gold surged to $1,900 per ounce in 2011, a 670% gain for gold and a de facto devaluation of the dollar when measured by weight of gold. The period of relative stability in foreign exchange markets lasted until 2010 when a new currency war was unleashed by President Obama.

A New Mar-A-Lago Accord

Which brings us to discussion of a possible new international monetary conference in the chain of conferences from the Smithsonian Agreement to the Plaza Accord to the Louvre Accord. Given Donald Trump’s dominance on the world economic scene today and his love of ornate architecture of the kind seen at the Plaza Hotel and the Louvre (Trump owned the Plaza Hotel from 1988 to 1995),it’s not a stretch to expect that Trump would convene any new world monetary conference at his equally ornate Mar-a-Lago club in Palm Beach, Florida.

The first discussion of a Mar-a-Lago Accord appears in Chapter Six of my book Aftermath (2019), published six years ahead of current attention to the topic. That chapter is titled “The Mar-a-Lago Accord” and contains extensive discussion of the evolution of the international monetary system starting in 1870, including the more recent accords noted above.

It then moves through my private meetings with IMF head John Lipsky and Treasury Secretary Tim Geithner with a focus on a possible new gold standard and the attempted replacement of gold by the Special Drawing Right (SDR), created in 1969 and used among IMF members ever since. It ends with the classic 1912 quote from Pierpont Morgan that, “Money is gold, and nothing else.” and recommends that investors acquire physical gold for their portfolios. The dollar price of gold has risen 120% since that recommendation.

Today’s vogue in Mar-a-Lago Accord research began with a November 2024 paper written by Stephan Miran titled “A User’s Guide to Restructuring the Global Trading System”, published by Hudson Bay Capital. Although the title refers to the trading system, it explains how currency devaluation can be used to offset the impact of tariffs and refers to “persistent dollar overvaluation.”

From there, it’s a short leap to the ghost of the Plaza Accord and the need for a new Mar-a-Lago Accord. (Shortly after the paper was published, Trump appointed Miran as Chair of his Council of Economic Advisors, which gives his views added weight).

Issuance of 100-Year Bonds

In the currency section of the paper (pages 27-34), Miran not only suggests a devaluation of the dollar; he proposes that the U.S. issue 100-year bonds. In Miran’s view, 100-year bonds will be attractive to foreign reserve managers and will reduce any dollar selling needed to prop up their own currencies. Those long-term dollar holdings will mitigate short-term dollar devaluation in a way that moves the entire international monetary system toward a desirable equilibrium. Miran specifically uses the term Mar-a-Lago Accord to describe his proposed system.

There are many more technical details in Miran’s plan that we don’t have room to discuss in this article. These include use of the Treasury’s Exchange Stabilization Fund, the Fed’s Bank Term Funding Program, and Fed currency swap lines. Miran also suggests using the International Emergency Economic Powers Act of 1977 (IEEPA) to impose withholding taxes on interest payments to foreign holders of Treasury securities (a form of capital controls) as a way to discourage trading partners from holding Treasuries and therefore a way to devalue the dollar.

Trading partners would be evaluated using a traffic-light system. Countries would be ranked green (friendly), yellow (neutral) and red (adversary). Green countries would get U.S. military protection and the most favorable tariffs, yellow would get reciprocal tariffs, and red countries would get no security help, punitive tariffs and possible capital controls.

A Financial Catastrophe in the Making

In effect, Miran is trying to have it both ways. He wants to devalue the dollar and at the same time keep the dollar at the center of the International Monetary System. Nixon did this in 1971 and Baker did it in 1985. With regard to Miran, one cannot resist a paraphrase of Lloyd Bensen – “Stephan, you’re no Jim Baker.” The success of the Plaza Accord depended entirely on close cooperation of the major country finance ministries. No such cooperation exists today given sanctions on Russia, tariffs on China and the U.S. isolation of the EU with respect to the War in Ukraine.

Since Miran’s paper, the topic has spun completely out of control. A recent MarketWatch headline says “Wall Street can’t stop talking about the ‘Mar-a-Lago Accord.’”Some analysts propose that gold on the Federal Reserve’s balance sheet (actually a gold certificate) would be revalued from $42.22 per ounce to the market price (now $3,050 per ounce) with the “profit” added to the Treasury General Account. Another idea is to use U.S. assets such as land and mineral rights to collateralize U.S. debt.

As of now, no one knows what a Mar-a-Lago Accord would actually be or whether it will even happen, so it’s impossible to describe the impact. Still, the best-known version of the plan would have unintended consequences that could lead to a global financial catastrophe.

There’s no need to force holders to swap short-term debt for long-term debt. You simply let the short-term debt mature and replace it with new 100-year bond issues through the existing primary dealer underwriting system. No coercion is needed; there would be huge demand for 100-year debt.

Dollar devaluation does not fight potential inflation from tariffs (there isn’t any). It actually causes inflation by increasing the cost of imported goods. Any gold price mark-up on the Fed’s books is simply an accounting entry. The suggested “audit” of Fort Knox by Trump and Elon Musk (if it happens) will be nothing more than a staged photo-op. Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed.

Again, the Mar-a-Lago Accord as it’s envisioned today would cause a global financial crisis. That’s because it fails to understand the importance of short-term Treasury debt as collateral for inter-bank lending and derivatives. Substituting 100-year Treasury debt for short-term Treasury bills would make those bills scarce. Treasury bills are the most liquid collateral in the world and are at the root of the Eurodollar system and the $1 quadrillion derivatives market. Scarcity of Treasury bills would implode bank balance sheets and lead to the greatest banking crisis in history.

The big winner in this context is gold. The BRICS are moving toward gold as fast as they can. Investors can do the same. Don’t be left behind.

Tyler Durden
Fri, 03/28/2025 – 14:40

Trump Says Call With Carney “Extremely Productive”, Says They Will Meet After Election

Trump Says Call With Carney “Extremely Productive”, Says They Will Meet After Election

Authored by Matthew Horwood via The Epoch Times,

U.S. President Donald Trump said he spoke with Canadian Prime Minister Mark Carney over the phone, and that the two leaders plan to meet “immediately” after the federal election. 

“It was an extremely productive call, we agree on many things,” Trump said on Truth Social on March 28, adding that the two would meet “immediately after Canada’s upcoming Election to work on elements of Politics, Business, and all other factors.”

Trump added that the discussion between the two leaders will “end up being great for both the United States of America and Canada.”

Carney has not yet commented on the call, and no readout has been issued by the Prime Minister’s Office. Carney is scheduled to meet with provincial and territorial leaders this afternoon.

On March 26, Trump announced he would put 25 percent tariffs on all vehicles and some car parts imported into the United States. 

The automobile tariffs are set to kick in on April 3, a day after the U.S. will impose reciprocal tariffs on all its trading partners. Tariffs on auto parts will take effect on May 3.

Trump also placed 25 percent tariffs on Canada and Mexico on March 4, but soon after, announced a one-month tariff pause on all products compliant with the United States-Mexico-Canada Agreement. Trump also imposed 25 percent tariffs on all imports of steel and aluminum, including from Canada, on March 12.

Following a U.S.-Canada cabinet commitee meeting on March 27, Carney announced he would hold a phone call with Trump in the coming days, where he said he would make clear that the two countries are “best served by cooperation and mutual respect.”

During that press conference, the prime minister said his government was considering “many options” to retaliate against the latest tariffs, and that these measures would have “maximum impact in the United States and minimum impacts here in Canada.”

Carney previously said on March 24 that a phone call with Trump would not happen until after the next Canadian election on April 28, as he said he thinks the U.S. president is “waiting for the outcome of the election“ before talks, to ”see who has a strong mandate from Canadians.”

Carney, who was sworn in as prime minister on March 14 after winning the Liberal leadership race, said that call would need to happen “on our terms as a sovereign country, not as what he pretends we are,” in reference to Trump’s repeated remarks that Canada should merge with the United States.

Tyler Durden
Fri, 03/28/2025 – 12:40