Weaponizing Banks

On Jan. 22, President Donald Trump announced that he personally was suing JPMorgan Chase and its longtime CEO Jamie Dimon over charges that the company “debanked” him by closing his accounts in 2021 and putting him on a blacklist. The 26-page complaint, filed in Florida state court, seeks at least $5 billion in damages from JPMorgan Chase, the largest U.S. bank. His new lawsuit centers on JP Morgan Chase’s decision to close several bank accounts affiliated with Trump in February 2021, weeks after the Jan. 6 Capitol protest. JP Morgan Chase is only one of many top banks in the West that weaponized the financial system against conservatives in the last decade.

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Outright Thievery

According to independent news website “Drop Site,” President Trump said the United States has “taken control of Venezuela’s oil,” but so far the United States has only completed an initial sale worth about $500 million. Acting President Delcy Rodríguez of Venezuela said $300 million from that sale has been transferred to Venezuelan banks from a bank account in Qatar, where the proceeds are reportedly being held under U.S. oversight. Neither the United States nor the Venezuelan government has fully explained how the remaining $200 million from the initial $500 million sale will be distributed or used.

Only Congress …

Rep. Thomas Massie (R-Ky.) has been openly critical of the way the Trump administration has been managing the ongoing crisis in Venezuela. “Selling stolen oil and putting billions of dollars in a bank in Qatar to be spent without congressional approval is not constitutional,” said Massie. “Only Congress can appropriate money.”

Paid to  Burn Crops?

American farmers have always had it tough, but the current trade wars going on between major powers are making matters worse. “Prices for nearly every major crop are below what it costs to grow them,” reported The New York Times on Jan. 27. Soybean growers made the news during the fall harvest, but the Times recently featured the plight of rice growers in the South who have also been hit hard because no one is buying their product. “Farmers in Mississippi are perhaps worse off than farmers in the rest of the country,” reported the Times. “Things feel so hopeless that at a recent Mississippi Farm Bureau Federation meeting, a group representing farmers floated the idea of a government program that would pay producers to destroy the harvested rice sitting in their bins.” That is not what farmers want. They want a fair price for all their hard work, not handouts. As a result, many aging farmers are thinking of selling their land and cashing out. “There are a lot of people getting out or thinking about it,” a Mississippi real estate broker confided to the Times.

Tariffs Just Another Tax

News and commentary website “Business Insider” recently reported on a new study by the German think tank, the Kiel Institute for the World Economy, which found that, in the last year, 96% of U.S. tariffs have been paid by U.S. buyers while only about 4% of the tariff burden was paid by foreign exporters. “American importers and consumers bear nearly all the cost,” the researchers said of the tariffs. The study, published in early January, said that the $200 billion increase in customs revenue that the U.S. government raised in 2025 was a “tax paid almost entirely by Americans.”

Biggest Scammers

AFP has reported on the Medicare scams carried out by immigrant groups in Minnesota totaling in excess of a billion dollars. What has not been detailed, however, is that private insurance companies have scammed taxpayers out of nearly 10 times the amount perpetrated by individual fraudsters. According to a recent report released by the Senate Judiciary Committee, the Medicare Payment Advisory Commission found that private insurers like UnitedHealth and Kaiser regularly fudge and inflate costs to the tune of nearly $40 billion annually. “These payments flow from taxpayers, including beneficiaries who are then hit twice,” reported the committee. These are nationwide issues, but because the private insurers are exploiting a cumbersome, clumsy system with little oversight rather than outright scamming, they get away with it.

Medical Fraud

A California woman is making waves in the news. Beth Bourne recently documented how she exposed so-called “gender affirming care” for the fraud that it is. “After my daughter’s pediatrician at Kaiser Permanente tried to put her on puberty blockers and wrong-sex hormones when she was only 14, I did an undercover story where I pretended to be ‘nonbinary’,’” wrote Bourne. She went on to explain that, in multiple internet video calls over the course of nine months, health insurer Kaiser approved her for radical surgeries that included a double mastectomy and even multiple sex-change surgeries. “It was only a $100 co-pay for my elective mastectomy and $200 co-pay for my ‘phalloplasty,’ yet the surgeons would bill $25,000 for mastectomy and $135,000 for the ‘phalloplasty’, ” she noted.

Bankrupt AI

A new article that predicts the downfall of artificial intelligence company OpenAI by independent journalist Will Lockett is getting a lot of attention online. Writes Lockett: “It turns out no one wants to pay for this crap, and recent investigations show that less than 5% of ChatGPT users pay for it.” He continued: “Like the first wisps of smoke drifting away from the Hindenburg, the early warning signs of OpenAI’s imminent and inevitable catastrophic destruction are now undeniable. This is a problem, as unlike, the Hindenburg, which carried a cargo of rich elites, OpenAI’s cargo is the U.S. economy. We can all see the smoke. Yet the crew of OpenAI’s airship, its fanatical passengers and the dimwits charged with looking after its precious cargo have reached mass hysteria levels of delusional denial and are claiming everything is fine and that they are in fact on course to land in paradise.”

Judge and Jury

A federal law passed in 2021 by Congress mandates that new cars built after 2026 in the United States must be able to monitor drivers and shut down the car if the system disapproves of their driving. Essentially, the computer inside your car will be your judge and jury, and you will have no recourse over it as it kills the engine and forces you off the road, perhaps for going a few miles over the speed limit. The law was passed as part of the “HALT Drunk Driving Act,” and was part of the 2021 Infrastructure Investment and Jobs Act. The measure was sold as only applying to drunk driving, but critics are concerned that the vague language in the law will allow it to be applied to anything a driver does that the car does not like.

Surge in Wealth

The personal wealth of members of Congress has long been a matter of public concern. Recently, Rep. Ilhan Omar’s (D-Minn.) finances have come under scrutiny—especially following reports that even the Biden administration was investigating the meteoric rise in her wealth in the past few years. Conservative publications have focused on Omar’s most recent financial disclosure. Several outlets, starting with the “Washington Free Beacon,” among others, reported that Omar’s net worth had surged to as much as $30 million. The outlets pointed to two assets Omar cited on her form: a winery business valued between $1 million and $5 million, and Rose Lake Capital LLC, a venture capital firm, valued between $5 million and $25 million. Omar has tried to defend herself, saying that both of those assets are owned by her husband, Mark Mynett: “The value range listed for the assets reflects the full cost assessment of the businesses, in which my husband is one of several partners and does not reflect his individual share.”

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