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Because of NJ policies energy costs are skyrocketing, they have tripled and people are finding it hard to make ends meet. The [CB] economics are trapped in their own narrative, if doesn't align with the [CB] it's doom and gloom. First calls to abolish the IRS, now Reuters reports Fed structure in flux, the writing is on the wall. The [DS] is panicking, they know that Trump and team are not hunting them down. The [DS] hacked the Fed Court system to find out information of who was indicted. The [DS] will fight back as more information comes out against them. Trump has invoked rule 740 to shutdown the criminal enterprise in DC. Plus this will win the people over. He is now setting the stage to protect DC against the riots either during or after the midterms. The [DS] is losing power every step of the way.

 

Economy

 

https://twitter.com/dogeai_gov/status/1954573730727772495

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Supply Constraints and Grid Issues

Several power plants (including coal and nuclear) have retired in recent years due to decarbonization policies, reducing in-state generation capacity.  New Jersey now imports more power, making it reliant on PJM's market, where prices are volatile.

Delays in PJM's interconnection queue have stalled 143 gigawatts of new projects (mostly renewables like solar and wind), creating a bottleneck.  Reliance on natural gas, which can be expensive and unreliable during extreme weather, has also driven up costs.

Offshore wind projects, part of the state's clean energy push, have faced setbacks and higher costs, contributing to the supply-demand mismatch.

Political and Policy Context

Governor Phil Murphy's administration has pursued aggressive clean energy goals (e.g., 100% clean energy by 2035, EV mandates), which supporters say are necessary for long-term sustainability but critics blame for closing plants and inflating costs without adequate backups.

In response, the state offered relief like $100-200 credits per household and deferred some costs.

 

https://twitter.com/KobeissiLetter/status/1954841769272541503

 

 

Fed structure may be in flux, not just rates

For one, Miran, who has written about re-ordering the Fed voting system and appointment process and binding the central bank more closely to government thinking, still has to be confirmed by the Senate.

While that process may be expedited, because he was already confirmed as a White House official, he would ostensibly only hold the post until Kugler's term formally ends in January. He would also only get one vote under the current system, and Trump has yet to name his pick to replace Chair Jerome Powell next May.

But most Fed watchers think Miran is likely to be confirmed for the full board term eventually, even if he's not considered a candidate for the top job.

For some critics, Trump's dramatic embrace of digital assets, crypto tokens and stablecoins is already an indication of a very real direction of travel that could transform the monetary world and banking system.

Source: reuters.com