Jubilee Call for Debt Relief Reaches the White House

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News Date: April 12, 2025

The U.S. Conference of Catholic Bishops and Jubilee USA Network urged President Trump to support global debt relief in a joint letter, citing the biblical Jubilee tradition of debt forgiveness. They argue that expanding debt relief stabilizes developing nations, boosts U.S. exports, and reduces domestic food and fuel prices. The letter, timed with a pause on new tariffs, praises Trump’s first-term debt relief efforts and frames the initiative as aligning with his “America First” agenda. While Trump hasn’t responded, the proposal’s economic benefits may appeal to him, though any commitment would likely hinge on clear U.S. advantages without straining resources.

Delaware Supreme Court finds vote by mail, same-day registration unconstitutional

The Delaware Supreme Court on Friday struck down recent vote-by-mail and same-day voter registration legislation, overturning a signature achievement by Gov. John Carney and Democrat lawmakers.
Sources: yahoo

Trump is expected to announce his Fed chair pick

⚔️ October 28, 2025: President Trump says Fed Chair Jerome Powell will be out in a 'few months.'
Donald Trump is preparing to announce his next Federal Reserve Chair, a decision that could reshape not just U.S. monetary policy — but the global economy.
The finalists:
💼 Christopher Waller – pragmatic insider, favors faster rate cuts
🏦 Michelle Bowman – banking regulator, steady and growth-minded
📈 Kevin Warsh – policy veteran, reform advocate
🤝 Kevin Hassett – loyal Trump adviser, pro-growth voice
💰 Rick Rieder – Wall Street strategist, market stabilizer
With Trump seeking a more aggressive, pro-growth Fed, markets — including crypto — are watching closely. A dovish pick could ignite new rallies, while a cautious one may bring stability but restraint. 🌍
🚨 August 12, 2025: Trump signals he might allow a lawsuit against Fed Chair Powell over costly Fed renovation! 🏛️ He’s doubling down, calling again for rate cuts and threatening legal action. 💥
🕰️ August 1, 2025: Trump posted: “Too Late” Powell should resign, just like Adriana Kugler, a Biden Appointee, resigned. She knew he was doing the wrong thing on Interest Rates. He should resign, also!
🏛️July 21, 2025: Rep. Anna Paulina Luna has referred Fed Chair Jerome Powell to the DOJ for potential perjury, accusing him of lying to Congress about lavish HQ renovations. Powell denied luxury upgrades — but records show a $2.5B project and past full renovations.
Trump, who recently weighed firing Powell, remains critical of his refusal to cut rates. Meanwhile, Treasury Secretary Bessent calls for a broader review of the Fed’s role.
✅ July 16, 2025: According to the New York Times, President Trump reportedly waved a draft letter firing Fed Chair Jerome Powell during a meeting with House Republicans in the Oval Office. He asked them if he should send it. The letter hasn’t been delivered—yet. Powell’s fate may now hinge on political momentum. 🪑🔥
🔥 July 15, 2025: Trump torches Fed Chair Jerome Powell over $2.5B HQ renovations, calling it “disgraceful” and suggesting it’s a fireable offense. 😬 He mocked Powell’s lack of personality and economic judgment, saying, “It’s like talking to a chair.” Trump also claimed he outperformed 69 Fed economists with his predictions 📉📈.
🏛️ July 13, 2025: White House adviser Kevin Hassett says President Trump could fire Fed Chair Jerome Powell if cause is found—possibly tied to the $700 million overrun in Fed HQ renovations.
The administration is pressuring Powell for answers, and some see this as a setup to remove him. Hassett, a possible successor, hinted the decision depends on Powell’s response to a July 10 letter from OMB.
🔥 July 9, 2025: Speculation is growing that Jerome Powell may be planning to resign, following Trump’s call for Congress to investigate the Federal Reserve chief. 👀
💥 June 30, 2025: Scott Bessent says the White House is actively working to select Jerome Powell's replacement in the coming weeks. When asked about stepping into the role himself, Bessent said: “I will do what the President wants.”
🏛 June 27, 2025: President Trump calls for Fed Chair Jerome Powell to resign. Trump: I'd love for him to resign… He’s done a lousy job.
🏦 June 25, 2025: President Trump has begun interviewing candidates to replace Federal Reserve Chair Jerome Powell. "I know within three or four people who I’m going to pick," he stated Wednesday.
🏛️ June 21, 2025: Trump posted: maybe, I’ll have to change my mind about firing him? But regardless, his Term ends shortly!
🏛️ June 18, 2025: President Trump ramps up attacks on Fed Chair Jerome Powell — and half-jokingly suggests appointing himself to lead the Federal Reserve. "I’d do a better job," he quipped, fueling speculation and headlines alike.
🏛️ June 7, 2025: President Donald Trump announced that a decision on the next Federal Reserve chair is coming “very soon.” Speaking aboard Air Force One, Trump reiterated his stance that a strong Fed leader would lower interest rates. Kevin Warsh is seen as the frontrunner, as Trump continues to criticize current Chair Jerome Powell’s rate policy.
May 20, 2025: A reported court ruling has sparked speculation that President Trump could have the authority to remove Federal Reserve Chair Jerome Powell, potentially paving the way for interest rate cuts. However, no official sources confirm this ruling, and legal protections under the Federal Reserve Act suggest Powell’s position remains secure absent misconduct. Stay tuned for verified updates!
President Donald Trump, who nominated Jerome Powell to lead the Federal Reserve in 2017, recently stated he has “no intention” of firing the central bank chair before his term ends in 2026. This marks a shift from Trump’s escalated rhetoric, where he hinted at the unprecedented step of ousting him over disagreements on interest rate policies. Trump’s push for lower rates to counter his tariff-driven economic agenda has clashed with Powell’s warnings of potential inflation and slower growth. Despite the de-escalation, which calmed markets, Trump’s continued pressure suggests the Fed’s independence remains under strain as he tests the limits of his influence.
Trump’s frustration centers on the Fed’s refusal to cut interest rates, which he says hinders growth.
Powell, whose term lasts until May 2026, has stressed the Fed’s independence. Removing him would require proving misconduct, a legal challenge no president has won. The move could test the Fed’s autonomy.

National coin shortage getting worse

The nation's coin shortage, prompted by less cash circulating as a result of Covid-19 - is getting worse.
And believe it or not, cash is still being used in 49% of payments that are $10 or below, according to a recent study by the Federal Reserve Bank of San Francisco.
The irony of the situation lies in the fact that the Fed can print trillions for bonds, but can't come up with a couple of quarters to do its laundry.
Sources:www.bloomberg.com, zerohedge.com

The Upside In Gold Is Unlimited

Pierre Lassonde:I think that the downside in gold is limited. The upside on gold at this point is unlimited. It's going to be far, far higher than people imagine.
Source:kingworldnews.com

A Financial System by Nonbank Financials, Fintech, and Innovation

Fintech stands for financial technology.
On February 3, 2017, Donald Trump issued a Presidential Executive Order on Core Principles for Regulating the United States Financial System.
Full order:whitehouse.gov
The report of U.S. Department of the Treasury was prepared on July 2018, set A Financial System That Creates Economic Opportunities Nonbank Financials, Fintech, and Innovation.
Nonbanks are well integrated into the U.S. payments system and play key roles such as facilitating back-end check processing; enabling card issuance, processing, and network activities; and providing customer-facing digital payments software.
This report includes a limited treatment of blockchain and distributed ledger technologies.
Treasury report: treasury.gov