World Brief with Zach McCormick

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US Government computers have been making money “out of thin air” and  paying out “trillions” of dollars worth of this “magic money” for who knows what. At least, that is what DOGE Chief Elon Musk reported during an appearance on SenatorTed Cruz’s podcast earlier today.

While both Elon and Senator Cruz seemed shocked by this finding the reality is that the Federal Reserve has been doing this for a while now under the code-name “Fedtrade”.

The Fed won’t disclose everything it does but what is known is that Fedtrade computer terminals are operated out of the New York branch to “buy” securities using digital “dollars” that the Fed creates in real time as a given security is purchased. The Fed then deposits these funds into the seller’s account at the Fed. There is currently no known limitation on the Fedtrade system and while the Fedtrade program has been characterized as being limited there is no way to know how far-reaching the program really is (or was). 

What is known is that the global economy runs on dollars and whomever is able to create that money out of nothing wields truly massive power. Some call it the real-life equivalent of “one ring to rule them all” as depicted in the “Lord of the Rings”. The comparison may be apt as the the ability to control the economies of the entire globe is practically “God-like” — nations can be created or destroyed, fortunes made or decimated and all with just the click of a button.  And if “Fedtrade” or any system like it can be compared to the “ring” of legend, what to do about it? Can such power really be held by mankind? Can it really ever be used for good or is it doomed to corrupt any that hold it?

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Former Bank of England (and Canada) head Mark Carney has recently been elected to lead Canada's Liberal Party and is poised to take over as PM from Justin Trudeau just after Trudeau had a spat with his finance minister Chrystia Freeland. Turns out, Freeland and Carney may friends and some are wondering whether this heralds a shift away from the tradition in high finance of staying out of politics (officially).

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So much gold has been flowing into US vaults that the Bank of England has been unable to honor physical withdrawal requests in real time (whereas before requests could be honored in as little as 2 days, depositors now have to wait as long as 8 weeks to get their hands on the shiny stuff). 

What's going on here?

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Fire-hydrants run dry just as infernos engulf the Pacific Palisades and Malibu neighborhoods in North Los Angeles. This is one of the wealthiest communities on earth -- home to 'movie stars and millionaires' -- so how could this kind of worst-case-scenario happen?

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President Trump has stated he'd like to see Canada become the 51st state of the Union. Is it as far-fetched as it sounds? There is some historical context for the theory but it's a little complicated.

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Connor Gaydos, the newest and youngest CEO of Enron unveiled the company's latest product -- the "Egg" a nuclear powered micro home generator. We discuss the parody company that is the "new" Enron from the creators of the faux conspiracy "Birds aren't real". An amusing reminder for us all to use our heads and remember that not everything is a conspiracy. 

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Trudeau announced he intended to step down but his use of a "conditional promise" suggests he may believe there is a way for him to stay on as Canadian PM.

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Ever have that creepy feeling of getting an ad on your phone for something  random that someone just talked to you about? 

For years Apple denied claims that it targeted adds to people by secretly listening in on their conversations . However according to claims made in the case of Lopez v. Apple, Inc. that’s exactly what they did.

Over New Years settled the claim for up to $95 Million dollars but what is really going to happen now?

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According to Las Vegas Police, the driver of the cybertruck that went up in flames yesterday suffered a gunshot wound to the head. Several other strange connections to the NOLA attack as well.  Many unanswered questions including the biggest one - Why?

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There is a strange coincidental connection between the two electric vehicle terror attacks today -- they were both rented through the car-sharing company Turo. 
The company which was founded by Andre Haddad in 2009 has been relatively unknown until the COVID era when it seems have gotten a real footing as automobile rental prices spiked. 

Turo claims it only allows "trusted hosts" to participate in tis service and time will tell if any changes are made to its policies.