The Government Accountability Office estimates that the federal government loses between $233 BILLION and $521 BILLION every year to fraud. We are not talking about total government waste, unnecessary programs, bloated agencies, or interest on the national debt. This estimate is specifically FRAUD affecting federal programs and spending. At the upper end, that works out to more than $1.4 billion every single day.
This is the same government that tells you it desperately needs more revenue. Politicians argue over raising taxes, closing loopholes, increasing enforcement, and extracting another dollar from the productive economy while their own watchdog estimates that hundreds of billions could disappear annually through fraud. If a private corporation told its shareholders that somewhere between $233 billion and $521 billion was being lost every year and management could not narrow it down any further, the board would be thrown out.
In Washington, they simply raise the debt ceiling. The GAO’s estimate covers fiscal years 2018 through 2022 and represents an average annual loss. It includes fraud involving programs such as unemployment insurance, pandemic relief, Medicare, Medicaid, Social Security, and other federal spending. The range is enormous precisely because the government does not even know the complete extent of the problem. Fraud is deliberately concealed, and agencies frequently lack the data and systems necessary to identify all of it.
Think about the scale. The federal government collected roughly $5 trillion in revenue during fiscal 2025. If fraud is occurring anywhere near the upper end of the GAO’s estimate, the equivalent of roughly 10% of an entire year’s federal revenue could be disappearing through fraudulent activity. Yet Washington behaves as though the problem is that Americans simply are not paying enough taxes. This is what happens when government becomes too large to manage.
Washington now spends trillions of dollars every year through an incomprehensible maze of agencies, grants, contractors, benefits, subsidies, emergency programs, healthcare payments, state transfers, and countless other channels. Nobody sitting in Congress can possibly understand where all of that money ultimately goes. Congress passes thousand-page spending packages that members barely have time to read, much less audit, and then acts surprised when criminals discover that government money is the easiest money in the world to steal.
The pandemic exposed the entire system. Washington panicked and threw money everywhere. The Small Business Administration’s inspector general estimated that more than $200 billion in potentially fraudulent COVID Economic Injury Disaster Loan and Paycheck Protection Program funds were disbursed. Other government estimates have differed depending upon methodology, but nobody disputes that pandemic programs became an extraordinary target for fraud.
Government was distributing enormous amounts of money at extraordinary speed while verification systems were overwhelmed. Criminals understood immediately what politicians never seem to understand: when you create trillions of dollars and distribute it through bureaucratic programs, somebody will figure out how to steal it. Then taxpayers are expected to replenish the account.
This is why government spending is never free. Every dollar Washington loses has to come from somewhere. It was taxed from somebody, borrowed from somebody, or ultimately financed through a monetary system that has repeatedly expanded to accommodate government debt. People create wealth. Government redistributes it.
And when government spends beyond the productive capacity of the economy, particularly when fiscal stimulus increases demand without creating equivalent supply, it can contribute to inflation. We saw precisely that dynamic during the pandemic. Washington injected enormous fiscal support into an economy where production and supply chains were simultaneously constrained. Too much demand chased too few goods, and consumers ultimately paid for it through higher prices.
Yet politicians continue to behave as though the only question is how much government should spend rather than whether the spending accomplishes anything. The fraud numbers should infuriate every taxpayer because Washington constantly argues over relatively tiny amounts compared with the scale of the losses identified by its own watchdog.
This ties directly into what we are seeing with the federal workforce. Hundreds of thousands of positions have disappeared, yet most Americans outside Washington would struggle to identify precisely what changed in their everyday lives. Now we discover that despite employing millions of people and spending trillions annually, the federal government may still be losing hundreds of billions to fraud. So what exactly are we paying for?
Washington has surpassed $40 trillion in national debt. Interest expense is becoming one of the largest items in the federal budget. The government continues borrowing simply to maintain existing obligations while politicians promise still more programs because promising somebody else’s money remains the easiest way to purchase political support.
The GAO is not some anti-government organization. It is Congress’s own watchdog and it is telling Congress that federal fraud losses are likely somewhere between $233 billion and $521 billion EVERY YEAR. Before Washington demands another tax increase, perhaps somebody should first explain where the half-trillion dollars went.
Categories:Corruption
Imagine the people needed to fill a football stadium, multiple times over. Since Trump returned to office, the federal payroll has been cut by an amount roughly equivalent to the entire global workforce of Apple — TWICE. Depending on which government employment series you use, the reduction is between roughly 271,000 and 336,000 workers. Apple employs about 166,000 people worldwide. Think about that for a moment. You could eliminate the equivalent of two companies the size of Apple from the federal payroll, and for most Americans, daily life simply continued.
So I have a very simple question: what were all these people doing? The federal government still employs more than TWO MILLION civilian workers. OPM’s latest data show about 2.02 million federal civilian employees remaining as of July. Government did not disappear. Social Security checks did not suddenly stop because Washington had fewer diversity coordinators, administrators, consultants, managers, analysts, and layers of bureaucracy.
This is how bureaucracy grows. Government creates a program. The program requires employees. The employees require managers. The managers require administrators. Then somebody needs to evaluate the administrators, somebody needs to write the regulations, somebody needs to ensure compliance with the regulations, and somebody else needs to prepare reports explaining why the department needs a larger budget next year. There is virtually no natural mechanism forcing government to become more productive because government does not operate under the same discipline as the private sector.
Apple has to produce something people voluntarily purchase. If it wastes enough money and produces products nobody wants, eventually shareholders revolt and competitors take its customers. Government has no such discipline. It simply sends the taxpayer another bill.
There is also an important distinction that Washington does not want people to understand. Cutting the federal workforce is NOT the same thing as cutting federal spending. Personnel costs are only one portion of an enormous federal budget. The Federal Reserve reports that the federal deficit has remained around 6% of GDP in fiscal 2025 and so far in fiscal 2026. Federal spending overall has continued to rise, while debt has now surpassed $40 trillion. So anyone claiming that eliminating a few hundred thousand government jobs has somehow solved America’s fiscal crisis is dreaming.
That is precisely the point. If you can remove hundreds of thousands of positions and government spending STILL increases, then the bureaucracy was never the entire problem. The problem is the entire fiscal structure of government: entitlement obligations, defense spending, subsidies, transfers, interest on the debt, grants, contracts, and programs that politicians from BOTH parties refuse to touch.
Government spending matters for inflation because government is another source of demand competing for the same labor, materials, energy, housing, equipment, and services as the private sector. When government dramatically increases spending without a corresponding increase in productive capacity, it can add inflationary pressure. Researchers at the Federal Reserve Bank of New York estimated that pandemic-era fiscal stimulus contributed substantially to the surge in aggregate demand that helped produce the inflation of 2020-2022. This does not mean every dollar Washington spends automatically creates inflation. It means there is no magical exemption from supply and demand simply because the buyer happens to be the federal government.
This is where politicians deliberately confuse spending with prosperity. Government can hire 100,000 people and announce that it “created jobs.” Fine. But where did the money come from? Taxes remove capital from the private economy. Borrowing competes for capital in the debt markets and leaves taxpayers with the obligation to service it. Monetary expansion can ultimately undermine purchasing power. There is no secret government treasure chest beneath Washington filled with free money.
The DOGE reductions themselves were not free either. The Government Accountability Office found that the deferred resignation program resulted in nearly 140,000 workers leaving while the government spent about $6.7 billion paying employees associated with that program while they were on administrative leave. OPM argues that was a one-time expense that will generate roughly $20 billion in annual savings, while critics point out that some agencies subsequently had to hire people back into similar occupations. That is exactly why government efficiency should be measured by actual services delivered per taxpayer dollar, not by politicians holding up a headcount and declaring victory.
But the scale of the reduction should still make Americans think. If a private corporation eliminated the equivalent of TWO APPLES from its workforce, everyone would expect something dramatic to happen to its output. Factories would close. Products would disappear. Customers would wait months for service. Yet the federal government has eliminated hundreds of thousands of positions and most Americans would struggle to identify what materially changed in their everyday lives because of those specific personnel reductions.
The real test should be brutally simple: what service does this position provide to the public, what does it cost, and what happens if it disappears? If nobody can provide a coherent answer, perhaps the taxpayer should not be forced to finance it merely because somebody created the position twenty years ago.
Washington has accumulated $40 trillion in debt, and the interest bill itself is becoming one of the largest expenses of the federal government. We are reaching the stage where taxpayers increasingly work not to finance tomorrow’s infrastructure or productive investment but to service yesterday’s political promises. That is how sovereign debt crises develop. Governments do not wake up one morning bankrupt. They accumulate obligations year after year because every expenditure has a constituency and every reduction is portrayed as catastrophe.
The federal workforce reduction has therefore produced an extraordinarily useful experiment. Remove hundreds of thousands of positions and observe what actually breaks. Where essential services deteriorate, correct the mistake. Where nothing meaningful happens, do not automatically refill the chair.
Government should exist to perform necessary functions for the people. The people do not exist to provide permanent employment for the government.
The deeper problem remains spending itself. America cannot solve a $40 trillion debt problem by trimming payroll while continuing to expand total expenditures. But if Washington has just demonstrated that hundreds of thousands of positions can disappear while ordinary Americans largely continue their lives, then perhaps it is time to ask the question politicians and bureaucrats never want asked: how much of this government did we ever actually need?
Categories:USA Current Events
Many people have asked how bad it will get. Will there be civil war and blood in the streets? I do not see a revolution in the United States in the sense that one side is all-powerful and seeks to eradicate its opponent. The risk that the United States will break up, as in Canada and Europe, does not imply outright civil war. The break will likely come first, and it will form along the lines of the LEFT vs. the RIGHT.
The good news is that the fall of the West is inevitable since no political state lasts forever. However, this time it is different, for it is not people rising up against tyranny that produces the blood in the streets as in the American and French Revolutions. Here we are dealing with the facade of Republican forms of government worldwide that have become unresponsive to the people, but are economically crumbling from within at their very foundations.
This is the Sovereign Debt Crisis. The fall of the West can be largely silent, much like the fall of the Soviet Union. As I have said many times, Russia collapsed all by itself because COMMUNISM was not economically sustainable. Here in the West, rising “progressive” movements are also undermining the economy; like the USSR, they are economically inefficient.
A USSR-style collapse of the United States, a sudden, negotiated dissolution of the entire federal union into separate successor states, without a civil war, is highly unlikely without a Sovereign Default. The key is the government’s ability to muster forces against the people. That requires the fiscal capability that becomes nonexistent in the middle of a Sovereign Debt Default. Therefore, a non-violent collapse is not theoretically impossible. The historical conditions that allowed the Soviet Union to dissolve peacefully are largely absent in the American context, and most scholarly assessments point toward either continued institutional decay or a violent rupture rather than a clean “velvet divorce.”
What is not considered is the CONTAGION effect. As I have said many times, the prevailing view is that Greek political ideas, including democratic theory, influenced Rome, not the other way around. Roman political theory and practice developed later and in dialogue with Greek thought. Cicero, Rome’s great political theorist, drew heavily on Greek philosophy and political models.
Plato and Aristotle’s ideal cities drew on a mix of Athenian democracy and the Roman constitution, showing that Greek thinkers were aware of and analyzing Rome, but the foundational democratic ideas were Greek.
The events were nearly simultaneous, a CONTAGION effect, but the Roman Republic was an aristocratic republic, not a democracy in the Athenian sense. Patrician families and the Senate dominated it, with only limited popular participation through assemblies. Unfortunately, the Founding Fathers adopted the Roman model, limiting the people’s role.
Many other Greek city-states adopted democracy after Athens, though it is important to understand that Athenian democracy was not the sole origin of the idea, and the “CONTAGION” was more of a political wave than a simple export. Scholarship has identified numerous city-states (poleis) that experienced democratic government during the Classical period (roughly 480–323BC).
We see this same wave of political change sweep Europe with the French Revolution following the American Revolution. Fast forward to Tiananmen Square and the Berlin Wall falls within weeks. Our computer has identified these waves of political change that sweep the world. It doesn’t even have to start in the United States. You are witnessing a rising separatist movement in Canada and even the UK. The same will happen in Europe.
This idea of always attacking the rich has been humanity’s dark side for thousands of years. Ancient Sparta was a communist state that never issued coins, denying wealth to its citizens. Even societies that have advanced required (1) a disparity of wealth that becomes the excess pool to invest in startups, and (2) a financial market to provide liquidity. Every society that provided that since ancient times rose to the top. Those that did not remained as third-world city-states.
The entire Marxist Agenda tried desperately to eliminate the business cycle by altering human nature. This created economic unsustainability, a fundamental cause of the Soviet Union’s collapse from within. The system suffered from deep, long-term structural flaws that made it unable to adapt, and specific policy failures in the 1980s accelerated its decline. Even Trump, in his attempt to make America Great Again, fails to understand a very basic cause for the loss of manufacturing.
President Grover Cleveland was the only one who understood the direction the growing progressive movement in the late 1890s was setting in motion. Unsound finance can force capital to flee. As a result, who is left to pay the taxes: the working class, who cannot put their labor offshore without migrating?
I have dealt with governments around the world in my 50 years. They are all the same, no matter what they call themselves; there are no mirrors ever in government. We are always the problem. If we all just paid the taxes, they think we are not paying; somehow, their system would work. They never see that they are the instrument of their own decline. It is not IF but WHEN. No government has ever lasted forever.
India was the source of luxury products and spices, along with dyes and silks, that they obtained from China and sold to the Greeks and then the Romans. That’s why Alexander the Great attempted to invade and conquer India, and his troops mutinied, forcing him to abandon the adventure. India produced gold imitations of Roman coins, demonstrating that the value was greater than the gold content. This is why Christopher Columbus set sail, assuming he could find a shorter route to India. When he bumped into a continent in the way, he called the people “Indians.”
Spain became the financial capital of the world after exploiting gold and silver in the New World. They spent more than they had on endless wars, as we have, and Spain defaulted on its national debt many times. 1557, 1575, 1596, 1607, 1627, 1647. Even in modern times: 1809, 1820, 1831, 1834, 1851, 1867, 1872, 1882, 1936-1939. Even England and France defaulted (see 13th and 14th century Panics). Financial capital migrated from France to the Netherlands, then to Britain. After World War I, it moved to the United States. Governments NEVER remain on top indefinitely.
The Long-Term Structural Decline
The Soviet command economy was designed for rapid industrialization and military production, but it was fundamentally ill-suited for a modern, consumer-oriented economy. The whole idea of equality eliminated the most critical factor that increased productivity and living standards – human curiosity. By suppressing wealth and stripping it from private ownership, they destroyed the very incentives and innovation that not even AI can replace, for they lack curiosity.
Without market competition or profit motives, enterprises had no incentive to improve efficiency, cut costs, or innovate. The system was rigid, inelastic, and unable to respond to the changing demands of its population or the technological revolution happening in the West. This was because a bureaucrat made the decisions.
Then there was the misallocation of resources. The state directed all investment. This led to a massive, inefficient military-industrial complex that consumed vast resources, while the civilian sector, producing food, clothing, and consumer goods, was neglected and technologically backward.
The famous 1959 display of the modern American kitchen showed that when you followed Marx and saw wealth disparity as evil, the result was not just economic stagnation, but worsening standards of living. Despite being a superpower, the Soviet Union saw its per capita GDP ranking drop from 35th to 47th in the world over the last 30 years of its existence. By the 1980s, it had become a net importer of food, a stark failure for a country with vast agricultural potential.
By the 1980s, everything went from bad to worse. The underlying weaknesses turned into an acute crisis in the 1980s because of several factors that began with the oil price shock of the ’70s. The Soviet economy became dangerously dependent on revenue from oil and gas exports. When global oil prices crashed in the mid-1980s, this vital source of hard currency and budget revenue dried up, exposing the underlying economic foundation that was constructed on Marxist dreams of equality to defeat the business cycle, which proved to be an economic implosion. Europe faces that crisis today, with Germany’s economic growth collapsing to 0.8%.
Gorbachev’s attempts to reform the economy were half-measures that made things worse – Perestroika. The 1987 Law on State Enterprises gave factories more autonomy over wages and investment but did not introduce market pricing or hard budget constraints. This led to a spiral of wage increases without corresponding increases in goods, creating massive shortages and runaway inflation.
The government’s budget deficit exploded to roughly 10-11% of GDP by 1988-1989. The fiscal and monetary systems were collapsing. Because there were no independent central banks or bond markets, the government financed this deficit by printing money. This created a “ruble overhang,” which became a huge amount of cash chasing very few goods. This led to hoarding, especially of food, empty shelves, and the eventual breakdown of the consumer market. The Soviet Union’s collapse was set in motion economically. Nationalism also rose, as in Ukraine, the first to proclaim independence. The central government no longer cared about the people; it focused on retaining power. This eroded its political legitimacy. The West’s attempt, with Maxwell funding the failed August 1991 coup, was also a crucial factor.
However, the economy was the primary structural strain, and we are now suffering in the West for the same reasons, especially in Europe. A system that ignored the people and could not feed its own people, innovate, or manage its finances was not sustainable in the long run. The specific missteps of the Gorbachev era turned a slow, decades-long decline into a terminal crisis, making the collapse from within all but inevitable by 1991.
I have warned that immigration was the final straw that broke the back of the Roman Empire. Roman Emperor Valens (364-378AD) let the Goths enter the Roman Empire, assuming they would defend Rome against the advancing Huns. He trained the Goths in Roman military tactics, and because they were of a completely different culture, as European migrants, they did NOT assimilate into Roman society. The Goths then turned on the Romans in retaliation, as they were a separate class. Valens met his death on August 9th, 378AD, in one of the greatest military catastrophes ever suffered by the Roman legions, where they were defeated by the very migrants they allowed in at the Battle of Adrianople. Valens body was never found, and the disappearance of an emperor’s body was a profound shock to the empire, leaving his ultimate fate a mystery. This is the risk that Europe faces. They may assume that they can conscript these Muslim imports, but they have no loyalty to Europe, as was the case with the Goths. Europe is in danger of violent internal conflict between cultures.
The traditional date is 476AD, when the Germanic chieftain Odoacer deposed Romulus Augustulus, the last Western Roman emperor. But that’s misleading—it wasn’t sudden. It was the endpoint of a long unraveling. Between 235 and 285AD, Rome had over 20 emperors in 50 years, most assassinated or killed in civil war. I assembled Rome’s coinage to determine how empires actually die. We all knew Rome fell, but no historian ever looked at this from an economic viewpoint. Was it like a 747 coming in for a landing gradually, or a violent, sudden shock? The latter was the answer. The final fall of the West will be rapid, and 8 years is quite enough.
Czechoslovakia’s peaceful split in 1993, often cited as a model for non-violent state breakup, required two distinct, regionally concentrated nations (Czechs and Slovaks) with clear internal borders and a mutual willingness to separate. The political elites on both sides negotiated the terms of separation.
Based on the available research, a USSR-style collapse of the United States—a sudden, negotiated dissolution of the entire federal union into separate successor states—without a civil war is highly unlikely, though not theoretically impossible. The historical conditions that allowed the Soviet Union to dissolve peacefully are largely absent in the American context, and most scholarly assessments point toward either continued institutional decay or a violent rupture rather than a clean “velvet divorce.”
We show a CONTAGION will seep the world. This will not be a single isolated event. That is the GOOD NEWS. Because this is a CONTAGION, violence should be more at a minimum domestically. The Sovereign Default will undermine the CONFIDENCE in the political state making it more difficult for the government to deploy its armies against the people as we saw with Yeltsin standing on the tanks. The troops were not ready to return to Communism themselves and the coup failed.
The American Civil War was over a religious dispute involving slavery. It was NOT an economic crisis that caused the government to collapse. That is more like we see with Iran vs Israel. The downside will be for those holding government debt. Even in the USA post 1931, since most of Europe and even Canada defaulted on their sovereign debt, foreign debt crisis resulted in the U.S. government creating the Foreign Bondholders Protective Council (FBPC) in 1933 to protect American holders of defaulted foreign bonds and to try to negotiate repayment with foreign governments.
This time, we are looking at a worldwide Sovereign Debt Crisis because everyone borrows with no intention of paying anything off and they assume that this will last forever. That is the risk. Not private assets.
As Edward Gibbon wrote the epitaph of the Roman Empire:
“Her primeval state, such as she -might–appear in a remote age, when Evander entertained the stranger of Troy, has been delineated by the fancy of Virgil. This Tarpeian rock was then a savage and solitary thicket; in the time of the poet, it was crowned with the golden roofs of a temple, the temple is overthrown, the gold has been pillaged, the wheel of Fortune has accomplished her revolution, and the sacred ground is again disfigured with thorns and brambles. The hill of the Capitol, on which we sit, was formerly the head of the Roman Empire, the citadel of the earth, the terror of kings; illustrated by the footsteps of so many triumphs, enriched with the spoils and tributes of so many nations. This spectacle of the world, how is it fallen! how changed! how defaced! The path of victory is obliterated by vines, and the benches of the senators are concealed by a dunghill. Cast your eyes on the Palatine hill, and seek among the shapeless and enormous fragments the marble theatre, the obelisks, the colossal statues, the porticos of Nero’s palace: survey the other hills of the city, the vacant space is interrupted only by ruins and gardens. The forum of the Roman people where they assembled to enact their laws and elect their magistrates, is now enclosed for the cultivation of pot-herbs, or thrown open for the reception of swine and buffaloes. The public and private edifices that were founded for eternity lie prostrate, naked, and broken, like the limbs of a mighty giant, and the ruin is the more visible from the stupendous relics that have survived the injuries of time and fortune.”
Most people will not read the Inspector General Report in full [SEE PDF HERE]. But if you did, you might come to the same conclusion as myself. The entire FED and IG Michael Horowitz should be fired, arrested and prosecuted for corruption at a level that is simply jaw dropping.
The issue is really simple if you cut through the fog of the report. The FED Board awarded a no-bid contract to the contractor, without an agreement on the building renovation project and the construction costs associated with it until President Donald Trump began drawing attention to it. This is gross corruption at a massive scale.
To use the terminology of the report, start with this aspect:
…”the Board selected a different project delivery method, construction manager at risk (CMAR), for the Eccles-1951 renovation project. A well-managed CMAR contract allows a building owner—in this case, the Board—to transfer certain construction risks, including those related to cost and schedule performance, to its construction manager (also known as a construction manager as constructor, or CMc). To effect this risk transfer, a CMAR contract provides for the owner and CMc to agree on a guaranteed maximum price (GMP) for the project, usually around the time construction begins or building design is substantially complete. Once the GMP is set, the owner has greater cost certainty and the CMc is incentivized to carefully manage costs. If costs exceed the GMP, the CMc absorbs them with limited exceptions, such as when the GMP may be increased to account for change events like owner directed changes or other adjustments like unforeseen site conditions“… {Source pg, 5}
So, the FED board established, at least with themselves, that they would have an agreement on cost for the project. However, if you go to page 60 of the report you find this:
…” in connection with a multibillion-dollar contract, the Board did not ask its CMc for a construction cost estimate or a GMP until December 2025—about 3.5 years after construction began and after the Board had already awarded more than $2 billion. Specifically, the Board did not take advantage of several key opportunities to request a cost estimate from the CMc”…. (Source pg, 60}
It wasn’t until President Trump drew attention to the FED having spent over $2 billion, that FED Chair Jerome Powell, and the FED board requested the construction manager and construction company to provide a cost estimate. This is unreal, especially considering that IG Michael Horowitz finds no unlawful decision-making in the overall fiasco.
President Trump went to visit the construction site at the central bank in July 2025, when both Trump and Powell donned hardhats to inspect the work. FIVE MONTHS LATER, the FED Board finally asked for a construction cost estimate!
The FEDERAL RESERVE BOARD just gave the construction company an open-ended blank check to spend as much as they wanted of TAXPAYER MONEY, with no limits and no expectations of cost. This, according to IG Horowitz is a little concerning, but entirely not a legal problem.
These are the people supposedly in charge of running monetary policy for The United States of America!
Now, we can understand exactly why IG Michael Horowitz was moved from protecting Washington DC corruption within the Dept of Justice, to protecting Washington DC corruption at the Federal Reserve.
Michael Horowitz is not an Inspector General. He is the corruption manager for the U.S. government!
“The Inspector General’s Report just came out on Jerome “Too Late” Powell’s “renovation” of the Federal Reserve Headquarters in Washington, D.C. The IG’s Report states that there were “deficiencies in the management of the renovation project.” The Building is over budget, at a Record Setting rate and, at a minimum, “Too Late” Powell should be forced to resign from the Board. He can’t manage a Building, and he certainly shouldn’t be allowed to manage his High Interest Rate Policy (only on “TRUMP!”).
I have asked Attorney General Todd Blanche to study the report, and make a determination as to what to do about a relatively small Building Complex that is Hundreds of Millions of Dollars over budget, and is now going to cost, according to the Report, at least 2.5 Billion Dollars, with no end in sight.
The Report states, “We were concerned to find that the Board did not obtain a project cost estimate from the [construction manager] until January 2026, which was 3.5 years after construction began and after the Board had awarded more than $2 billion in construction costs. As of July 2026, more than 4 years after construction began and $2 billion has been awarded for construction, the Board had yet to set a [guaranteed maximum price]” — An absolutely unheard of situation! — “The Board therefore still does not have cost certainty and has not transferred material risk to the [construction manager].”
In actuality, I think that the 2.5 Billion Dollars will be 3.5 Billion Dollars, and maybe 4 Billion Dollars by the time they’re finished, and may never get properly built. Soundproofing, and all other elements of the Building, will be inferior to what was previously there. In particular, the magnificent beauty, sculptured ceilings and walls, and so many other things which made the Federal Reserve Building stand apart, will never be captured again, and are only being replaced by flat, boring, less than midlevel finishes.
I could have done a far better Renovation for 25 Million Dollars, completely maintaining the MAGNIFICENCE of the structure, and had money left over. They completely destroyed the Beauty and Glorious History of the Building.
This is Jerome Powell’s fault, and he should be forced to resign, IMMEDIATELY! If he doesn’t resign, he should be sued, at the highest level, by the United States Government, for either corruption or incompetence, both of which are completely unacceptable…And no, I do not want this Building named after President Donald J. Trump, ME! Thank you for your attention to this matter.”
Posted inBanking and Finance, Big Government, Big Stupid Government, Cold Anger, Conspiracy ?, Deep State, Dem Hypocrisy, Dept Of Justice, Donald Trump, Economy, Election 2026, FBI, media bias, Notorious Liars, President Trump, Press Secretary – Trump, propaganda
President Trump used a pre-scheduled Hispanic Heritage event at the White House, to update on several initiatives and current policy events ongoing during the administration.
President Trump discusses the end to U.S. military force operations in Iraq and the drawdown directive given by his office for full and complete withdrawal. Additionally, President Trump discusses ongoing issues on the trade front, tariffs, the auto sector, Canada, AI/SI and much more. WATCH:
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Posted inBig Government, Donald Trump, Election 2026, Marco Rubio, Mexico, President Trump, Press Secretary – Trump, propaganda, Puerto Rico, Uncategorized, USA
The events described in the FlyDubai terrorist incident are just astonishing in sequence that led to the safe recovery of a Boeing 737 as it descended at a rate of speed beyond test limits of the aircraft during an attempted terrorist incident.
The Co-Pilot of the aircraft flying from Dubai to Israel, stabbed the captain with a pocketknife and attempted to destroy the flight controls as the plane began a rapid descent. The captain somehow managed to activate the door locking mechanism unlocking the cabin door just before losing consciousness during the struggle.
A passenger then forcibly entered the cabin, pulled the terrorist away from the controls, pulling him back into the cabin where Israeli passengers took control of him. As the passenger began pulling back on the flight controls trying to stop the descent, two other pilots who were on board -one Russian and one Ukrainian- came forward and took over.
Together the plainclothes pilots were able to recover the aircraft from descent as the tail stabilizing mechanism of the airliner fell apart. The new pilots then executed an emergency landing in Saudi Arabia and all passengers were unharmed.
It really is an amazing story with so many individual events that came together to save the flight from sure disaster. Reading about the events leaves you speechless. These were exceptionally brave, skilled and lucky people all traveling together on just the right flight at just the right moment. The Daily Mail has more on the story HERE.
VIDEO BELOW:
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Posted inAir Travel, Islam, Israel, Saudi Arabia, Terrorist Attacks, UAE, Uncategorized
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