Posted originally on CTH on January 25, 2026 | Sundance
Kash Patel appears on Fox News with Maria Bartiromo to discuss ongoing matters of great importance to the FBI, including the chaos and insurrection efforts currently underway in Minneapolis, Minnesota.
Posted originally on CTH on January 22, 2026 | Sundance
The predicate for Jack Smith to prosecute President Trump for his efforts to “interfere in the 2020 election”, and thereby “challenge all democratic norms”, essentially boiled down to Jack Smith accusing President Trump of participating in a fraud when he challenged the outcome of the 2020 election.
To get beyond President Trump’s first amendment right to free speech, Jack Smith previously claimed to congress that Trump knowingly understood, “believed” that Joe Biden had won the election. That President Trump was told by senior Republican advisors that Biden had legitimately won the 2020 election, and that President Trump rejected the reality of the “truthful information” presented to him; instead choosing to launch a psychological operation against the American people, i.e. “fraud.”
However, in sworn testimony in the House today, Jack Smith admitted that President Trump “was believing anything that would keep him in office.” The key word here is “believe.” Within that statement, Smith revealed he had no case against Trump because President Trump believed he won the 2020 election. WATCH:
BUSTED! This is the Moment where Jack Smith REVEALS he NEVER had a Case against Trump. The President BELIEVED he WON (lots of ppl agree btw) —-POTUS believed, therefore NOT “falsity” or False Claims. The “criminal intent” is NOT there. Excellent Job by the @judiciaryGOP!!!! pic.twitter.com/INhYJ9ogva
If President Trump believed he won the election, he could not commit fraud by expressing his belief. Jack Smith’s entire predicate for the criminal investigation of President Trump was the charge of “fraud,” or intentional deception.
It is the charge of “fraud” which underpins the entirety of the case against Donald Trump, as pursued by Jack Smith. The charge itself is predicated on definitions of what constitutes truthful information, and within that subset of predicate you begin to realize just how important it is to professional leftists that they control information.
The case was dropped after the results of the November 2024 election, won by President Trump. However, if President Trump had not won that election, the prosecution would have continued.
Jack Smith notes in his testimony, in the most Machiavellian way, that his primary prosecution approach was to present “Republican” witnesses like Mike Pence, who Smith cunningly said he could not discuss as he was restricted from revealing grand jury testimony.
Smith was prepared to present witness testimony from Pence and other political “Republicans” who told President Trump that Joe Biden had legitimately won the election, and Trump needed to concede. This testimony then forms the baseline for the definition of “truthful information” that Trump rejected out of a malice mindset to continue clinging to power.
In essence, Smith defines what is “truth” (Biden won), then outlines how that truthful information was delivered and how President Trump dismissed it. Therefore, President Trump’s “mens-rea”, or state of mind, was one of promoting an intentional falsehood. According to the Lawfare approach selected by Smith, this mindset is the predicate that blocks President Trump from using his First Amendment right to speech as a defense.
Intentional fraud is not allowed under the protections of “free speech.” Jack Smith wanted to prove that President Trump was engaged in intentional fraud and wanted to prove his mindset therein through the use of Republican political voices who delivered information to President Trump.
Jack Smith sought to define “truth” and then counter the free speech defense by mob agreement on what constitutes the “truth.” Under this predicate, President Trump was being prosecuted for a thought crime, and Jack Smith sought to legally prove he knew his thoughts.
The only way Jack Smith could prove fraud would be to prove that President Trump believed the information about Joe Biden winning the election. Smith sought to prove Trump’s belief by presenting Republican voices who told President Trump he lost.
Whether you like or dislike President Trump, the issue here is alarming when contemplated.
A man tells you a chicken is a frog, you laugh. The man then brings 15 of your family members to tell you a chicken is a frog. You reject the absurdity of the premise, but the man brings forth hundreds more people to tell you the chicken is a frog, and if you do not accept that Chickens are Frogs, you will be defined as mentally impaired, institutionalized and become a ward of the state.
[Insert any similar metaphor needed, including “what is a woman.”]
When we consider the current state of sociological, societal or government manipulation of information, and/or the need for government to control information (mis-dis-mal-information) as an overlay, you can quickly see where this type of legal predicate can take us. Bizarro world becomes a dystopian nightmare.
Yes, it is also clear that Leftists, inside that closed-door committee hearing, are intending to impeach President Trump on these grounds if they successfully win the 2026 midterm election. However, that is not the critical takeaway from this deposition. Instead, the critical takeaway is how the Lawfare construct can be twisted and manipulated to create the legal means to the leftist ends.
Stop the Division!
We cannot allow these communist, Marxist and leftist-minded control agents get back into power.
Posted originally on CTH on January 22, 2026 | Sundance
It’s around lunchtime and I’ve spent so much time deep in the weeds of an issue that I need a break. So, here’s a little funny story from my real-world travels in the past few years that given the current Davos meeting topics you might find interesting.
I went to Russia in 2024, because what I was hearing in western media about the sanctions did not align with what I was seeing from reports inside Russia. Before I went into Russia, I spent several weeks in Northern and Eastern Europe visiting various institutions, reading material and checking to see how systems in Europe were engaging with commerce given the Russian sanctions. It wasn’t very exciting work, and sometimes I literally just sat in the lobbies of banks listening to conversations.
When I went into Russia (April, May, June and July ’24) I noticed many of the “Uber cars” were BYD brand, Chinese electric vehicles. It made sense given two years of existing sanctions and few cars from Europe or America available except under costly brokerage fees for acquisition. They like the Geely brand better, but BYDs are much cheaper. A brand new BYD costs around $5,000 to $10,000 USD, in some places even less.
Then later I noticed even more of these BYD cars in Europe. I started to pay attention to them and saw them everywhere.
When I went back into Russia a year later in 2025, there was a very noticeable increase in BYD cars. It was crazy, they were everywhere.
My travels also took me to southeast Asia and again those damned BYD’s were all over the place. In Thailand, Philippines, Malaysia, Vietnam, these BYD’s were everywhere, maybe even 30% of total vehicle traffic at times – most certainly well over 50% of all EVs – and there are digital billboards for “Build Your Dream” (BYD) all over the place throughout Asia.
Australia is stocked full of those things, and the middle east, yup, even there too. It became increasingly weird to notice. So many were visible I was wondering how the heck China can mass produce and ship this many cheap EVs so fast.
Then as serendipity would have it, I ran into a Chinese guy, professionally an actuary, in a hotel restaurant. He explained to me that China produces the BYD not to make money from the automobile, but rather to sell the carbon credits the automobile generates within the auto industry.
The actual value to Beijing is in selling the carbon credit worthiness to various automakers who are fined or penalized by their government for producing gasoline powered vehicles.
BYD is, in essence, not a car per se’, but a mechanism to generate a carbon credit certificate that can be sold to other car companies. It’s the carbon credit certificate that generates the revenue, not the sale of the vehicle. As my dinner guest explained, the auto insurance industry was having fits about this because the actuaries couldn’t accurately put a correct figure on the cost of the insurance warrantee within the industry (that’s another story).
The bottom line is that China is manufacturing a product to create a carbon credit certificate in response to the demand for carbon credits from all the world auto-makers. Any nation that has a penalty or fine attached to their climate goals is a customer. Those are nations with fines or quotas associated with the production of gasoline powered engines if the auto company doesn’t hit the legislated target for sales of electric vehicles.
In essence, EU/AU/CA/RU/ASEAN car companies buy Chinese car company carbon credits, to avoid the EU/AU/CA/RU/ASEAN fines. The Chinese then use the carbon credit revenue to subsidize even lower priced Chinese EVs to the EU/AU/CA/RU/ASEAN car markets, thereby undercutting the EU/AU/CA/RU/ASEAN car companies that also produce EVs.
Big Panda brilliantly exploits the ridiculous pontificating climate scam and has an interest in perpetuating -even emphasizing- the need for the EU/AU/RU/ASEAN countries to keep pushing their climate agenda. China even goes so far as to fund alarmism research about climate change because they are making money selling carbon credit certificates on the back end of the scam to the western fear mongers. This is friggin’ brilliant.
My dinner buddy was in the business of identifying the cost/benefit equation between the climate change fines and the prices Big Panda could charge for the carbon credit certificates. If, as an example, Brussels dropped the quotas for EVs, China would need to lower the price for the carbon credit certificates. So, Beijing wants Brussels to make sure they don’t drop the quotas. See how that works?
The climate change alarmists are helping China’s economy by pushing ever escalating fear of climate change. You just cannot make this stuff up.
What does the outcome look like?
Well, in this example we see thousands of unsold BYDs piling up in countries that emphasize climate regulations with no restrictions on the import of EVs (which most don’t even manufacture), which is almost every country. Big Panda doesn’t care about the car itself; they care about generating the carbon credit certificate to sell in the various carbon exchanges.
Put this context to the recent announcement by Canadian Prime Minister Mark Carney about his new trade deal with China to accept 49,000 EVs this year.
Prime Minister Carney bragged about getting the Chinese to agree to only super low prices for the Canadian market. Mark Carney was very proud of his accomplishment to get much lower priced vehicles for Canadian EV purchasers. No doubt Big Panda left the room laughing as soon as Carney made his grand announcement.
1. China sells EV’s in Canada, creating credits available on the carbon exchange scheme. Europe et al will purchase the carbon credits because Bussels has fines against EU car companies.
2. With a foothold already established in Europe, China will then take the money generated by the carbon credit purchases and lower the prices of the Chinese EV cars sold in Canada.
It’s gets funnier.
3. Carney bragged about forcing China to only sell low price EV’s as part of the trade agreement. The low price of the EV’s in Canada will be subsidized by Europe. China doesn’t pay or lose a dime.
But wait….
4. Carney can’t do anything about the scheme he has just enmeshed Canada into, because Canada has a Carbon Credit exchange in law. Big Panda wins again.
[…] In a statement published Thursday, BYD said sales of its battery-powered cars rose nearly 28% to 2.26 million units.
Musk openly laughed at the mention of BYD while being interviewed on Bloomberg TV in October 2011. He said he did not see the company as a competitor to Tesla, adding: “I don’t think they have a great product.” Meanwhile, Tesla said Friday it delivered 1.64 million vehicles in 2025. [SOURCE]
Posted originally on CTH on January 20, 2026 | Sundance
Border Patrol Commander at Large Greg Bovino and ICE Executive Associate Director of Enforcement and Removal Operations Marcos Charles hold a press briefing to discuss and answer questions about ongoing operations in Minneapolis, Minnesota. The questions begin at 16:18 of the video below.
Greg Bovino notes the difference in Minneapolis, Minnesota is that the leftist groups are more organized and in direct communication with the state and local government. If you read between the lines what Bovino is saying is that anarchists, professional leftists and radical groups are in control of the government within the region. There is no distinction between the political officials in Minnesota and the leadership of the activists. WATCH:
Posted originally on CTH on January 19, 2026 | Sundance
On Sunday a group of anti-ICE leftists led by former CNN anchor Don Lemon stormed the Cities Church in Minneapolis/St Paul and terrorized the assembled congregation. The federal dept of justice is now conducting an investigation that will lead to the indictments of all those who organized and participated in the event.
The leftists were not protestors or ICE agitators; the crew who entered the church coordinated and organized an aggressive assault on a religious assembly. They are domestic political terrorists.
“Protesting” is petitioning a government or organization for a redress of grievances. The word for traumatizing parishioners and children attending a church service to effect political ends is “terrorism.”
Remember, back in August of 2025, just 5 months ago, a leftist transexual murderer shot and killed two children while wounding 30 others in a church in Minneapolis. The nation may have forgotten the prior Church attack, but the Christian residents of Minneapolis have not.
The terror experienced on Sunday was very real.
The participants in the unlawful activity included former CNN Anchor Don Lemon, lawyer and former law professor Nekima Levy Armstrong, professional extremist and activist William Kelly, along with St. Paul school board member Chauntyll Allen, Black Lives Matter activists Monique Cullars Doty & Satara Strong-Allen and many more.
Asst Attorney General for the civil rights division of the DOJ, Harmeet Dhillon said earlier today, “Make no mistake: AG Pam Bondi & The Justice Dept will pursue federal charges in this case.” The local police and/or state police could have arrested the terrorist group on the spot. However, the federal dept of justice needs to get a federal judge to sign off on the pending arrest warrants.
The federal process is slower, but it will happen.
Notice I am not saying the arrests and indictments ‘may‘ happen. I am saying the arrests and indictments ‘will‘ happen.
I didn’t really want to watch this video but finally viewed it all just now. We really need to require our liberal friends and relatives to view it. It’s so terrible.
INTENT: The opening to Don Lemon’s insane livestream is an admission of foreknowledge that the group he was in contact with was going to storm a church, based on his prior communications with its leader. pic.twitter.com/g0GVHB4871
Posted originally on CTH on January 18, 2026 | Sundance
The Norwegian Nobel Committee have released an urgent public announcement [SEE HERE] in an effort to counteract the global mocking currently underway of their prestigious ‘major’ award.
According to the professional pontifications of those who believe they really matter, “A laureate cannot share the prize with others, nor transfer it once it has been announced.” Rumors are spreading that the Norwegians even used a quill and non-erasable ink to ensure their public statement was affirmed in the annals of historical insignificance.
However, just to be sure, somewhere in the world the Nobel announcement is likely being recited to a hungry group of industrious eight-year-olds carrying buckets and pickaxes toward a cobalt mine.
Posted originally on CTH on January 16, 2026 | Sundance |
My dear Canadian conservative friends, things look very troubling. You have my deepest sympathies for the events of the next few years that are about to unfold.
We have researched, tracked, measured and followed each detail.
Having travelled to regions of the world in discussions with people who factually determine economic outcomes, it is clear that every single policy shift undertaken by the Canadian government of Mark Carney is exactly the opposite of what is needed. In the next 24 months, the lifestyle of every Canadian will forever change.
Prime Minister Mark Carney bows to Big Panda. The most alarming words spoken during the formal welcome ceremony are prompted below. WATCH: “The New World Order”
Too many words; too small a man.
President Trump is reestablishing an entirely new economic, trade and finance system. The era of the Marshal Plan is over; it has been factually deconstructed in the past 12 months.
Canadians and Europeans are desperately trying to offset the ramifications, hold on to their economic benefits and find a new mechanism to afford the domestic indulgences now eliminated by President Trump and the absence of money.
Both the EU and Canada are looking to China and ASEAN partnerships as a financial offset. However, the ASEAN group has no domestic wealth and can only provide one-way benefits.
Despite the reality of things, denial is rampant. Here are three facts that will not change.
Fact #1: Asia is not a purchaser; they are producers. There are no customers in Southeast Asia, only workers. ASEAN nations are not customers. Any ASEAN trade agreement does not materially gain the EU or Canada any exports.
Fact #2: China is a closed economic system. China does what is in China’s best interests. When negotiating with China, Chairman Xi wears a panda mask to cover the dragon face. China now sees the EU/Canada refusal to adapt as an opportunity to exploit.
Fact #3: The EU and Canada have chased ‘climate change’ and ‘green energy’ schemes into a dead end of economic crisis. The direct and collateral damage is generational, and only just now beginning to surface. When combined with their intransigent resistance to adapt to President Trump’s global economic and trade reset, core issue “reciprocity”, this reality takes both economies down a path that becomes a self-fulfilling prophecy.
Choosing to embrace China in lieu of modifying bilateral trade agreements with the USA is a short-sighted fool’s errand. Unfortunately, with political calculations each entity, Canada and/or the EU collective, are pandering to their base out of an unwillingness to change trade behavior as demanded by Trump.
Yes, Canada may end up exporting more very specific goods to China; an offset for some of the USA losses, but at what cost long-term.
Think about the EU auto-sector as an example.
To avoid paying their own climate change fines, the EU automakers are purchasing carbon credits from Chinese EV automakers. In the short term, that trick may diminish the auto company fines to Brussels but think about the longer-term problem.
China takes the revenue from the EU companies and uses it to subsidize their EV exports making their EVs cost substantially less than EU electric vehicles in the EU.
Geely, BYD, etc. can lower the price of an EV in Europe because EU car companies are giving them money. The EU is paying China to destroy the EU auto industry. You cannot make this stuff up.
As a consequence, BYD is now building a factory in Hungary. Additionally, Geely owns 10% of Mercedes. You might have noticed that Mercedes recently announced they are shifting production of their Model-A to Hungary. 20,000 jobs shifted from Germany to Hungary. Victor Orban is good friends with Donald Trump. These are not coincidences.
In the Canadian model, Mark Carney may end up selling slightly more stuff to China but he’s going to end up selling less to the USA because Chinese components are subject to ever-enlarging USA trade tariffs. The USMCA is on the cusp of being cancelled, it will happen this year.
Canada is betting they can export more $$ to Beijing than they will lose in diminished export $$ to the USA. Fine, that’s the bet (a political calculation). However, the reality of the end result is increased dependency on China. That never ends well.
Beijing keeps the panda mask on while the dependency is created, see belt and road; however, as soon as it is in Beijing’s interest to drop the panda mask, Canada will see the dragon face behind it.
From Ottawa to London, to Paris, Berlin and Brussels the geopolitical landscape is changing permanently as President Donald Trump resets their global trade relationship to the United States.
NOTE: despite the claims of the Lyndon LaRouche group (Promethean Action), President Trump doesn’t sit around thinking about how to destroy British imperialism or the multinational financial system. That result comes as an outcome of his reset, a consequence; it is not however, the intent of it.
Instead, President Trump is leveraging the largest consumer market in the world to the benefit of the customer; that’s America. Trump’s direct and specific intent is transactional, to rebuild an industrial and self-sufficient nation that is the envy of the world.
For several generations, Canada and the EU have exploited their biggest customer and taken the U.S. for granted.
In the end, the customer always controls the success of the business.
Posted originally on CTH on January 15, 2026 | Sundance
The communist leftists are trying to support the corrupt officials in/around Minneapolis, Minnesota, however, the optics around attacking federal and state law enforcement just do not look good.
In the aggregate the majority of Minnesota residents support Immigration and Customs Enforcement (ICE) efforts to capture and detain criminal illegal aliens. A narrow segment of hardcore leftists and professional activists are trying to keep the violence and chaos maintained, but as sunlight upon their operation continues they end up losing support.
Last night, Minnesota Governor Tim Walz appears on video begging the criminal activists to continue operations on the streets {VIDEO}, while criminal aliens keep trying to avoid capture.
BREAKING: DHS statement to Fox News: At 6:50 PM CT, federal law enforcement officers were conducting a targeted traffic stop in Minneapolis of an illegal alien from Venezuela who was released into the country by Joe Biden in 2022.
In an attempt to evade arrest, the subject fled the scene in his vehicle and crashed into a parked car. The subject then fled on foot.
The law enforcement officer caught up to the subject on foot and attempted to apprehend him when the subject began to resist and violently assault the officer. While the subject and law enforcement were in a struggle on the ground, two subjects came out of a nearby apartment and also attacked the law enforcement officer with a snow shovel and broom handle.
As the officer was being ambushed and attacked by the two individuals, the original subject got loose and began striking the officer with a shovel or broom stick.
Fearing for his life and safety as he was being ambushed by three individuals, the officer fired defensive shots to defend his life. The initial subject was hit in the leg.
All three subjects ran back into the apartment and barricaded themselves inside.
The attacked officer and subject are both in the hospital. Both attackers are in custody.
This attack on another brave member of law enforcement took place while Minnesota’s top leaders, Governor Walz and Mayor Frey, are actively encouraging an organized resistance to ICE and federal law enforcement officers.
Their hateful rhetoric and resistance against men and women who are simply trying to do their jobs must end. Federal law enforcement officers are facing a 1,300% increase in assaults against them as they put their lives on the line to arrest criminals and lawbreakers.” (link)
INSANE CLIP: ICE agent assaulted FOUR TIMES on camera.
Second half was deliberately clipped to hide the faces of the attackers, but I have the full first half showing everyone.@AGPamBondi these are clear felonies. Throw the book at them.
Video shows chaos: Protesters swarm broken-into ICE vehicles, snatch stack of arrest warrants & intel papers left behind after shooting. Reading them aloud w/ phone lights—now in enemy hands!
Posted originally on CTH on January 14, 2026 | Sundance
U.S. Attorney for the District of Washington DC, Jeanine Pirro, goes public explaining the backstory of the DOJ reviewing the Federal Reserve Board and Chairman Jerome Powell.
As noted by USAO Pirro, Chairman Powell refused to respond to questions for two months despite three repeated requests. The DOJ was then forced to issue a subpoena to get a response. Again, Powell never responded; instead, he went to the media to claim he was being politically targeted. WATCH:
Posted originally on CTH on January 11, 2026 | Sundance
Energy Secretary Chris Wright appears on Face the Nation to discuss the current and future plans for oil production in Venezuela, while explaining how the current mechanism to sell the oil is operating.
[Transcript] – MARGARET BRENNAN: This morning, President Trump vowed that Venezuela now has the military protection of the US. This comes just one week after he said the US would run that country. Meanwhile, Venezuelan opposition leader Maria Corina Machado is expected to travel to Washington to meet with President Trump this week. For his part, Mr. Trump and his team met with dozens of US oil executives late last week, urging them to commit $100 billion to boost oil production there. Joining us now to discuss it all is the United States Secretary of Energy, Chris Wright, good to have you here in person.
SECRETARY CHRIS WRIGHT: Thanks for having me, Margaret.
MARGARET BRENNAN: Before I ask you about Venezuela, very quickly, these protests in Iran, not this country reliant on oil to keep its government-controlled economy afloat. The President has been briefed on military options. What is the US willing to do to help?
SEC. CHRIS WRIGHT: Certainly the President has been very outspoken about wanting to have freedom and rule of law and capitalism and great relations with the United States return. So we’ll see. I think his moral support has been strong. Certainly, he’s taken a strong stance against the mullahs in Iran in disabling their nuclear program. I think the people in Iran are rising up because they feel there’s a strong America that has their back. I won’t go into the specifics there, but we wish them well, and we’d love to see a free and democratic Iran again.
MARGARET BRENNAN: Will there be more interdictions of vessels carrying Iranian oil? Any more activity on that front?
SEC. CHRIS WRIGHT: I won’t reveal any change in position there.
MARGARET BRENNAN: Okay, let me ask you about Venezuela,
SEC. CHRIS WRIGHT: Yes.
MARGARET BRENNAN: where you have been very focused and very central to the President’s policy. The President said that Venezuela now has the United States, the most powerful military in the world, to protect them. To protect them, we will. Is the United States military providing security guarantees for American companies?
SEC. CHRIS WRIGHT: We’re not doing that right now, but what we, what he means, is we’re changing the game for what’s happening in the ground in Venezuela. Venezuela has purchased $20 billion of Russian weapons. They got Cuban mercenaries there. They supply oil to Cuba. They, they harbor the Hezbollah’s headquarters for the Western Hemisphere. Venezuela has been a very dangerous, very destabilized place going down the tubes. And with the United States influence now by controlling the sale of their oil and therefore the flow of funds into the country, we think we’re going to, we will see relatively rapid change, improvement on the ground in Venezuela. This is a process. We’re only eight days into the process, but it’s off to a strong start.
MARGARET BRENNAN: Well, it’s off to a quick start. You had the oil executives at the White House just Friday. That the President, excuse me, the State Department yesterday had a security alert I want to ask you about because it specifically cited the risk to Americans in Venezuela, and it said armed militias are setting up roadblocks, searching vehicles for evidence of US citizenship or support for the US. The man who runs those militias is Diosdado Cabello, who is the Minister of the Interior. Is he ordering the hunting of Americans?
SEC. CHRIS WRIGHT: Not that we are aware of, but we should be cautious. Look, this is, as they say, eight days into a change into a change of leadership there. The interim authorities are trying to establish power. Collectivos have been running wild over, over Venezuela for, for over a decade. So, yeah, you’re not going to–
MARGARET BRENNAN: Right. Well he controls them.
SEC. CHRIS WRIGHT: He does.
MARGARET BRENNAN: So is he safe in his position? Because right now the administration seems to be working with him.
SEC. CHRIS WRIGHT: We need to work with the people that have the guns today to ultimately move the country to a representative government and a better station. But what you’ve got to prevent in the mean term is a collapse of the nation. And I think the strong moves we’re making right now is to influence the people with the guns today, which is part of a process.
MARGARET BRENNAN: And you’re not concerned he’s going to undermine the more business minded President Delcy Rodriguez?
SEC. CHRIS WRIGHT: Oh, of course we’re worried about things like that. We need to get stability among the leadership in Venezuela. So yes, of course we’re concerned about those things.
MARGARET BRENNAN: So tell me broadly, is the Trump administration’s goal here to acquire the state oil company, PDVSA, and to run it. Are you going to put Americans on the board? How is this going to work?
SEC. CHRIS WRIGHT: Well, again, it’s a process. The first thing to do is to reduce the damage to the United States, the inflow of guns and criminals and immigrants and drugs into the United States, the destabilizing of a key part of the Western Hemisphere. We need to stop that. That’s why we’ve entered into Venezuela. Certainly, part of the way to improve Venezuela and to improve the Western Hemisphere and improve the lives of Americans is to get their very corrupt 25 years in decline, oil industry back going again.
MARGARET BRENNAN: Does that mean the United States government is going to run it? The president says we’re going to run the country. Are we running this as like as an American state owned oil company essentially?
SEC. CHRIS WRIGHT: No. Today we are running the sale of their crudes. You know, we have a quarantine around their ability to ship oil outside of Venezuela. All of that goes through American crude marketers, and then that crude goes out into the market. We collect those funds and bring them back to Venezuela to better the lives of Americans and Venezuelans. But in the long run, what will happen with Venezuelan oil resources? Yeah, of course, quite likely you’ll see American companies’ expanded presence there. You’ll see growing production. Of course, you’re going to see more American involvement in there. But exactly how that’s going to work, that’s going to unfold over time.
MARGARET BRENNAN: So back in November, us, Judge backed a bid by an American hedge fund to purchase Citgo Petroleum. The Treasury still has to approve that deal. The hedge fund is actually run by a big Trump donor, Paul Singer. Do you want to preserve Venezuelan ownership of Citgo? Do you want to have America have a financial stake in it, like Trump bought a big portion of an intel company, do you want to own portions of oil companies?
SEC. CHRIS WRIGHT: Again, that’s going to be up to American businesses. That’s certainly a very real possibility. The Citgo sale is part of, is part of bringing redress to creditors of the United States for the Venezuelan Government. And of course, one, one of the capital providers in that transaction is a hedge fund provider you just mentioned. There’s lots of American investors and American refining entrepreneurs that are involved in that so to take Venezuelan owned refineries that are in the United States and legally through an auction process, transfer them to American owners and American entrepreneurs in the refining business. I think that’s fantastic.
MARGARET BRENNAN: There’s concern about corruption here, though. Will there be Americans installed on these boards? And how do you respond to these allegations that some Trump donors are going to get preferential treatment?
SEC. CHRIS WRIGHT: I can assure you that is absolutely not the case. Absolutely not the case. Think of what President Trump has done for the American oil and gas industry. He’s driven down the price of oil. He’s dramatically reduced–
MARGARET BRENNAN: There’s an over supply of oil. And now you’re going to put more on the market.
SEC. CHRIS WRIGHT: Exactly. That’s not- That’s not good for American oil and gas companies.
MARGARET BRENNAN: Because it makes it less profitable for them to actually go and invest in drill, baby, drill.
SEC. CHRIS WRIGHT: Exactly. Democrats and President Biden are fantastic for American oil and gas companies because they try to restrict the supply to something that’s essential to life, which only has one possible impact, which is to drive up prices and grow profitability. So President Trump is no, is no helper to the oil and gas industry. And certainly there’s no corruption, preferential placement of people. There’s none of that. I can assure you of that. I’m in the center of this.
MARGARET BRENNAN: How are you going to decide the contracts? Is the Treasury going to approve the Citgo dominance there in that–
SEC. CHRIS WRIGHT: That went through a large auction to buy it.
MARGARET BRENNAN
Are you going to brief to Congress the decisions you’re making about which firms get access?
SEC. CHRIS WRIGHT: Absolutely. All that was an auction open to all American firms. There were many bidders, including the coalition of bidders you mentioned. We want those assets to get as much money as possible, to go back to the creditors of the Venezuelan Government. And we want American refinery assets owned by Americans that are going to increase the throughput, drive down the price of gasoline in America.
MARGARET BRENNAN: Okay. So Secretary Rubio said there’s a three point plan, stabilize, rehabilitate, transition. This sounds indefinite, even when you heard some of those oil executives, Chevron’s leadership, they’re already in Venezuela, we should say, said it will take 18 to 24 months to even increase oil production by 50%. So how long is this American involvement? Because he’s saying there, it’s at least a year and a half, two years.
SEC. CHRIS WRIGHT: They’ve been there for 100 years, and likely, Chevron’s going to be there 50 years from now.
MARGARET BRENNAN: But the United States government, how long does that role continue?
SEC. CHRIS WRIGHT: You heard the third part of Rubio’s question, which is transition. We want to bring a representative government to the people of Venezuela. I think then you’ll see the full sovereignty back to the government of Venezuela. We don’t have a legitimate government of Venezuela today. We’d like to move and get there, but America–
MARGARET BRENNAN: Is there a timeline?
SEC. CHRIS WRIGHT: 25 years, this country has gone in decline. President Trump out of the box, creative intervention has allowed us to change the game. But, yeah, I don’t know the timeline of that. It’s not weeks, it’s more months. Could be a year or two could be more.
MARGARET BRENNAN: Okay. Secretary Wright, thank you for your time today.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America