Goodmorning to the fleet. We stand at attention for important matters that require our resolve and steadfastness in the face of threats that are now at their most desperate.
>The war in Gaza is not going to plan.
>The war in Ukraine is not going to plan.
>The war for our freedoms is not going according to plan. We can now see this playing out as the Supreme Court is now set to hear an appeal that could overturn the Capitol Riot charges are many politically imprisoned victims of a conspiracy to undermine our Constitution.
>Donald Trump is also being considered in this case to be relieved of these false charges.
We have a lot to look towards to that will continue to show us examples that the IRON CLAMPS OF THE REGIME have lost their grip on this nation and will face justice for their crimes against humanity.
Hunter Biden attempted to make a case for his father today which will fall on deaf ears. It will only help in removing this dead weight from ever seizing power again in any capacity.
The Democratic Party has lost favor in their constituents in many key voting blocks.
What will precede this inevitable defeat of this regime? The Stock Market crash of 1929 got us into this mess. And the 2023/2024 crash will get us out.
We are on the cusp of the advent of things that will change the course of this planet for eons to come. We are ready.
Tesla is recalling nearly all vehicles sold in the U.S., more than 2 million, to update software and fix a defective system that’s supposed to ensure drivers are paying attention when using Autopilot.
Documents posted Wednesday by U.S. safety regulators say the update will increase warnings and alerts to drivers and even limit the areas where basic versions of Autopilot can operate.
The recall comes after a two-year investigation by the National Highway Traffic Safety Administration into a series of crashes that happened while the Autopilot partially automated driving system was in use. Some were deadly.’
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The Federal Reserve held interest rates steady for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished by forecasting a series of cuts next year.
to leave the target range for the benchmark federal funds rate at 5.25% to 5.5%, the highest since 2001. Policymakers penciled in no further interest-rate hikes in their projections for the first time since March 2021, based on the median estimate.
Follow the reaction in real time on Bloomberg’s TOPLive blog
While Chair Jerome Powell said officials are prepared to hike again if price pressures return, he indicated policymakers are now turning their focus to when to cut rates as inflation continues its descent toward their 2% goal.
Absent pushback on near-term rate cuts from the Fed chief, Treasuries surged and stocks jumped, while traders boosted bets on a March reduction to a near certainty.
Quarterly projections showed Fed officials expect to lower rates by 75 basis points next year, a sharper pace of cuts than indicated in September. While the median expectation for the federal funds rate at the end of 2024 was 4.6%, individuals’ expectations varied widely.
The Fed’s “dot plot” showed eight officials saw fewer than three quarter-point cuts next year, while five anticipate more.
Fed Chair Powell: Inflation Is Too High, Rates Are Held Steady
8:40 WATCH: Federal Reserve Chair Jerome Powell says inflation is still too high.
“His presser certainly had a tone of finality to it,” said Derek Tang, an economist with LH Meyer/Monetary Policy Analytics. “He and the whole FOMC saw no need to push back with the dots against the market suspicion of earlier and deeper easing.”
Powell emphasized the projections are not a pre-set plan, but acknowledged that policymakers at this week’s meeting discussed the question of when it will become appropriate to begin cutting rates.
“That begins to come into view and is clearly a topic of discussion out in the world and also a discussion for us at our meeting today,” he said at a press conference following the meeting.
A tweak to the Fed’s post-meeting statement on Wednesday also highlighted the shift in tone, with officials noting they will monitor a range of data and developments to see if “any” additional policy firming is appropriate. That word was not present in the November statement from the US central bank’s policy-setting Federal Open Market Committee.
In another shift, the committee also acknowledged that inflation “has eased over the past year but remains elevated.” In addition, most participants now see the risks to price growth as broadly balanced.
Inflation Forecasts
The updated projections also showed lower inflation forecasts for this year and next, with the Fed’s preferred price gauge excluding food and energy now seen increasing 2.4% in 2024. Policymakers lowered their forecast for economic growth slightly for next year while keeping unemployment projections unchanged.
Policymakers anticipate further reductions in the fed funds rate to end 2025 at 3.6%, according to the median estimate of 19 officials.
What Bloomberg Economics Says…
“The FOMC showed a surprising willingness to endorse market pricing of rate cuts. The forecast in the latest SEP reflects a total embrace of the soft-landing scenario.”
— Anna Wong, Stuart Paul, Eliza Winger, Estelle Ou, economists
The Fed’s long-awaited pivot, following 5.25 percentage points of rate hikes, reflects a marked slowing of price pressures since mid-year and a cooling of the labor market. The challenge for Fed officials now is to decide when to start cutting rates, which if done too soon would endanger inflation’s return to the Fed’s 2% goal.
Comments from Governor Christopher Waller, one of the most vocal supporters of the central bank’s actions to tamp down inflation, helped fuel that speculation. He said in November the central bank would be willing to consider lowering the policy rate as inflation comes down, something he said could happen in three to five months.
Yield Pullback
The pullback in Treasury yields in recent weeks has erased much of the run-up seen through the summer and into October. At the time, policymakers suggested the significant tightening in financial conditions could help lessen the need for further interest rate hikes.
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The United States Navy Judge Advocate General’s Corps and Office of Military Commissions commenced its case against former Arizona Secretary of State Katie Hobbs on Monday, having indicted her on charges of treason, defrauding the United States, and conspiracy to commit murder.
The tribunal, which started at Guantanamo Bay, saw a fidgety and frosty Hobbs representing herself—she had informed JAG she would not accept “compromised” military counsel, and, as the military had frozen her financial assets, outside counsel refused to hear her case—sitting glumly at the defense table with handcuffs around shrunken wrists. She appeared gaunt and fragile, her eyes dusky from sleep deprivation or malnutrition. Fingers rapped on the desk rhythmically, as if to the beat of some song stuck in Hobbs’ depraved mind.
“Are you not listening? I asked if you understand the charges you face?” said Vice Admiral Darse E. Crandall.
He had repeated the question three times, but apparently lost in thought, Hobbs was either playing deaf or choosing to ignore the admiral’s sensible question.
She finally tilted her head and said to the admiral, “I don’t talk to dead men.”
“How it typically begins,” the admiral said, “with not so veiled threats.”
He got straight to the point. “Detainee Hobbs entered an election she knew she couldn’t win. She is universally hated in Arizona. While serving as secretary of state between 2019 and 2023, her office was rife with corruption, and to say she was detested and loathed would be an understatement. And when she decided to run for governor, even her campaign staff told her she didn’t have a snowball’s chance in hell of defeating Kari Lake, her opponent. Hobbs wasn’t about to be hobbled by a statistical disadvantage, so she did what any self-disrespecting Deep Stater would do: hatch a plan,” the admiral told the 3-officer panel JAG had picked to hear the evidence against Hobbs.
On or about August 22, 2022, the admiral explained, Hobbs conspired to have Kari Lake murdered so she could essentially run unopposed.
Admiral Crandall swore in JAG’s first witness, Rose Huerta, Hobbs’ campaign finance director, whom the military had apprehended on September 26, the day of Hobbs’ arrest. She had reportedly accepted a plea bargain to testify against her former employer. The admiral asked her if she recognized Hobbs as present in the courtroom.
“That is Katie Hobbs at the table,” Huerta said.
“Did you become aware, in August 2022, of a plan by the defendant to have Kari Lake assassinated?” asked Adm. Crandall flatly.
“I did,” Huerta replied.
“Please tell this commission how you became aware of it and any firsthand details you know of,” the admiral said.
“Katie, your defendant, was not very happy with how polling was going at the time. The campaign was holding polls and surveys almost daily, and she, Katie Hobbs, and every time she didn’t like the numbers, which was all the time, she got angrier and angrier at Kari Lake. The polls got worse, and the more she drank. So, I was with in her office with her one afternoon, and she told me she could win if she made Kari Lake disappear. At first I thought maybe she was joking, or it was the alcohol talking. But I saw in her eyes a very serious, determined look. Two days later, she tells me that I must withdraw $350,000 from campaign funds so she can take care of Lake,” Huerta testified.
“Did she use the words ‘murder’ and ‘assassinate’,” the admiral asked.
“No, sir. She said ‘accident’ and ‘disappear,”, Huerta answered.
“Did you ask the defendant why she wanted the 350K or you to withdraw it?” the admiral asked.
“I didn’t want to ask and I didn’t need to ask. But she was, as I said, drinking a good bit, and she told me it was to make Kari Lake disappear,” Huerta said.
“Did you withdraw the money as she instructed?” said Adm. Crandall.
Huerta nodded vigorously. “I did.”
“Is there any reason she couldn’t have withdrawn the money herself?” asked the admiral.
“She could have,” said Huerta.
“But then it would have been her name, not yours, attached to the transaction,” said Adm. Crandall.
“Yes, sir, that is correct,” Huerta sighed.
Hobbs interrupted from her seat: “This is absurd, fabricated. Rose Huerta is a self-serving bitch trying to save her own ass. There were no drunken rants about Kari Lake. No secret meetings discussing disappearing her. Every word you just heard was pure fantasy—a work of fiction. And if any money went missing, this is the first I’m hearing about it, and if so, she stole it for herself.”
“Restrain the defendant,” Adm. Crandall commanded, drawing the attention of two MPs who gagged Hobbs and shackled her already handcuffed wrists to the table. “We do not tolerate unruly outbursts here.”
He turned his attention back to the witness. “Ms. Huerta, surely you must have known that if her campaign finances were audited, you’d be answerable since you were her finance manager and approved the withdrawal.”
“Yes, sir. But she is very powerful. She was secretary of state and also had powerful friends. I knew it was not the right thing to do but I was also very afraid,” she said.
“Once you had the money, what did you do with it?” the admiral asked.
“I gave it to Katie Hobbs.”
“Where did you give it to detainee Hobbs?”
“In my car outside in the parking lot by the office,” Huerta said.
“Was that by her design—her instructions?”
“Yes, sir,” she said.
The admiral faced the panel, saying, “Sure sounds like a clandestine rendezvous to me,” and showed them a screenshot of the withdrawal receipt. “Ms. Huerta may have feared Hobbs, but she was smart enough to set up an insurance policy for her survival.”
He played an audio recording on which Hobbs was heard saying, “You did good, Rose, really good. It’s all here, right? You weren’t tempted to keep a little for yourself, hoping I wouldn’t count it, were you?” to which Rose Huerta replied, “No, ma’am, the thought never crossed my mind.” Hobbs’ final comment: “In a few days, our Kari Lake problems will be solved.”
“Ms. Huerta, you recorded this in your car during the money exchange, correct?” Adm. Crandall asked.
“Yes, I did. I was nervous she’d find out.”
“Do you know who she gave it to?”
“I don’t. I didn’t want to know,” Huerta said.
“All these cloak-and-dagger theatrics aside, we know that Kari Lake is alive and well—wasn’t assassinated or disappeared. Ms. Huerta, did either the money or Lake get discussed afterward?” Adm. Crandall asked.
“Of course, sir. Maybe three days later, Katie told me she got cold feet after paying someone to make Kari Lake disappear. She said she called it off because she was afraid if Kari Lake vanished, she’d be the number one suspect, and she was very mad that the person she paid wouldn’t reimburse the $350,000. She told me she’d find a different way to beat Kari Lake, and that, sir, is all I know,” Huerta said.
The admiral excused the witness. “That detainee Hobbs chickened out doesn’t alter the fact that she conspired to murder a political opponent. Ms. Huerta’s testimony today proves it; the audio and money changing hands prove it. And since she didn’t care to go to jail for murder, she resorted to good old election fraud.”
He put the tribunal on recess until Wednesday morning, pending the arrival of another witness.
