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Zerohedge

DOGE Is What Happens When Trust In Government Hits Zero

February 20, 2025 Ogghy Filed Under: THE NEWS, Zerohedge

DOGE Is What Happens When Trust In Government Hits Zero

Submitted by QTR’s Fringe Finance

Multiple people over the last week or two have asked me – as a Trump voter in this last election – what I think about President Trump’s Department of Government Efficiency (DOGE) having access to all types of critical government systems, including those at the Treasury and the Social Security Administration. Most recently, I talked about it last night on a podcast with George Gammon.

The way I, and people on both sides of the political aisle, feel about DOGE is mostly irrelevant. Like most Americans, I’m sitting by and watching them gain access to and burrow through critical government infrastructure under the guise of looking for waste, fraud, and abuse. Like I do with my thoughts when I’m meditating, I’m just watching for the time being. I’m observing without judgment.

And yes, I do feel a bit conflicted. Part of me knows that sending teenagers named “Big Balls” deep into these government databases to try and unearth fraud isn’t a thoughtful or nuanced way to deal with the situation. But the other part of me can’t help but throw my hands up in the air and exclaim, “That’s what we get.”

Remember, the “adults” were supposedly already in charge over the last four years and, to me, it’s inconceivable how things could possibly get any worse from our country’s fiscal management standpoint. The “adults” ran up the debt at record speed. The “adults” opened our border and welcomed illegal immigrants, allowing many of the them to collect government benefits paid for by taxpayers. The “adults” lied to us and told us Joe Biden was mentally fit for office. The “adults” pushed censorship in media and on social media.

I’m a big believer in people, places, and things reaping what they sow, and after all this “adulting”, maybe “Big Balls” is exactly what we deserve.

Donald Trump won the election in a landslide because the Democrats and the Washington, D.C. political machine made it happen. As I’ve pointed out multiple times on this blog, the elites in D.C. may have had overwhelming control, but they lacked finesse in delivering their narratives and failed to hide their true intentions from the American people. Ergo, for better or worse, this led the United States to elect a man widely viewed as a political outsider. Trump campaigned on an agenda that, 15 years ago, would have never held enough water with the American people to get behind it. But thanks to what can only be described as four years of gross incompetence under a barely conscious President Biden, it was all but destiny that Trump would win this election by a landslide.

And with Trump comes the idea of massive government cuts, and DOGE. It has hardly been a secret that the U.S. government has been fiscally irresponsible for decades. This irresponsibility—marked by sending hundreds of billions of dollars overseas in foreign aid while military veterans lay dying on U.S. city streets—has reached a fever pitch where even the everyday American can’t ignore it.

Photo: Inc.

The United States is drowning in debt, running larger and larger fiscal deficits that were only casually mentioned by Treasury Secretary Yellen and Fed Chairman Jerome Powell, despite their “runaway train” nature.

U.S. National Debt going parabolic

The expansion of the money supply, the sharp increase in debt-to-GDP, and runaway inflation have made our cowardly fiscal policies something digestible even to the most uninitiated U.S. citizens who would otherwise never track the economy.

Debt/GDP up almost 4x since the early 1970s

When the average American sees a chart of our debt-to-GDP combined with massive inflation, then watches government officials hurriedly clean up the entire city of San Francisco in 48 hours simply because CCP President Xi Jinping was visiting, it makes even the most uninterested financial minds perk up and ask, “What the hell is really going on here?” Surely, if we can clean up San Francisco that quickly for a communist foreign leader, we should be doing it daily for American citizens, right?

On top of that, how come every time I visit a place like Montreal or Europe, their trains, subways, public squares and cities appear cleaner, nicer, newer and far more functional than those in the U.S.? Why is there less homelessness and better social services? Are they really charging that much more in taxes relative to GDP than the U.S.?

Along these lines, Americans have begun asking themselves similar questions, all leading to a central point: “What are we getting for our tax dollars?”

After all, the country is running a massive deficit, and Democrats’ unhealthy obsession with taxation drifted last year into extremely regressive territory—like taxing unrealized capital gains. So, if you’re going to tax gains I haven’t even made yet, can I at least board one – just one – subway car in Philadelphia that doesn’t smell overwhelmingly like human fecal matter?

Yes, Americans like me have been left wondering things like: If the IRS can hire 100,000 new agents to pore over things like $600 Venmo transactions under the guise of scraping together a few extra million dollars in tax revenue, why is it acceptable for billions, and collectively possibly trillions to just — POOF! — go missing, like some kind of magic trick being performed at a 13 year old’s birthday party?

The obsession with taxation piecemeal stands in stark contrast to the huge amounts of tax revenue that either ends up in foreign pockets or disappears without explanation.

These types of situations are what we’ve sown—DOGE is what we’ve reaped.

To say that DOGE is moving fast and breaking things would be an understatement. But in reality, what alternative approach would have been better at this point? The country’s taxation, spending, and fiscal habits are so poorly calibrated that promising minor cuts here and there would accomplish nothing. Letting loose a bull in the China shop of the American government, however, quickly postures up and puts everyone on notice: The gravy train has officially ended, and nothing is off-limits.

Would there be more nuanced and strategic ways to handle the problem? Probably. But that’s not what we deserve at this point. Sadly, in some ways we deserve a bit of mayhem while reviewing how the country is managing its finances. And my answer to “what are your thoughts about DOGE” is irrelevant, because all I can do is sit back and watch it unfold.


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When it comes to public sentiment, I think the gross misuses of taxpayer money that DOGE has—and likely will continue to—uncover will leave the average American so aghast that concerns about how “strategic” DOGE is in its approach could eventually play second fiddle.

To be clear, I’m not condoning the mishandling of private taxpayer information, nor am I endorsing DOGE’s methods. But I do understand how, karmically, this feels like the country getting exactly what it deserves after decades of politicians speaking out of both sides of their mouths about controlling spending and taxation.

Ultimately, once the chaos settles and DOGE has run its course, I believe the government will recalibrate and rebuild in ways it wouldn’t have otherwise. Sure, DOGE is likely wildly overshooting the mark in multiple ways, but I hope that when the establishment reasserts control—whether through the judiciary, midterms, or RINOs turning on the MAGA movement—they will look back at this feeling of discomfort as a reminder not to grow too complacent with the waste, fraud, and abuse, as well as the erratic and irresponsible spending, that our government has made commonplace.

And at least in that regard, I think DOGE will have had somewhat of a positive impact.

QTR’s Disclaimer: Please read my full legal disclaimer on my About page here. This post represents my opinions only. In addition, please understand I am an idiot and often get things wrong and lose money. I may own or transact in any names mentioned in this piece at any time without warning. Contributor posts and aggregated posts have been hand selected by me, have not been fact checked and are the opinions of their authors. They are either submitted to QTR by their author, reprinted under a Creative Commons license with my best effort to uphold what the license asks, or with the permission of the author.

This is not a recommendation to buy or sell any stocks or securities, just my opinions. I often lose money on positions I trade/invest in. I may add any name mentioned in this article and sell any name mentioned in this piece at any time, without further warning. None of this is a solicitation to buy or sell securities. I may or may not own names I write about and are watching. Sometimes I’m bullish without owning things, sometimes I’m bearish and do own things. Just assume my positions could be exactly the opposite of what you think they are just in case. If I’m long I could quickly be short and vice versa. I won’t update my positions. All positions can change immediately as soon as I publish this, with or without notice and at any point I can be long, short or neutral on any position. You are on your own. Do not make decisions based on my blog. I exist on the fringe. The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I did my best to be honest about my disclosures but can’t guarantee I am right; I write these posts after a couple beers sometimes. I edit after my posts are published because I’m impatient and lazy, so if you see a typo, check back in a half hour. Also, I just straight up get shit wrong a lot. I mention it twice because it’s that important.

 

Tyler Durden
Thu, 02/20/2025 – 16:20

“I Am Honored”: Kash Patel Vows To Rebuild FBI, “Hunt Down” Bad Guys “In Every Corner Of This Planet”

February 20, 2025 Ogghy Filed Under: THE NEWS, Zerohedge

“I Am Honored”: Kash Patel Vows To Rebuild FBI, “Hunt Down” Bad Guys “In Every Corner Of This Planet”

The Senate on Thursday confirmed Kash Patel to lead the FBI.

Patel had widespread support of Republicans – even Mitch McConnell (!), who argued that the Trump nominee would reform the nation’s top law enforcement agency after decades of corruption.

“Mr. Patel should be our next FBI director because the FBI has been infected by political bias and weaponized against the American people. Mr. Patel knows it, Mr. Patel exposed it, and Mr. Patel has been targeted for it,” Senate Judiciary Chairman Chuck Grassley (R-IA) said last week during a committee meeting to discuss Patel’s nomination, before the panel advanced Patel in a party-line vote.

Update (1550ET): In response to his confirmation, Patel said he was “honored” to have been confirmed, and he will now “rebuild trust in the FBI.”

“The FBI has a storied legacy—from the “G-Men” to safeguarding our nation in the wake of 9/11. The American people deserve an FBI that is transparent, accountable, and committed to justice. The politicalization of our justice system has eroded public trust—but that ends today. My mission as Director is clear: let good cops be cops—and rebuild trust in the FBI,” he said in a post on X, adding “And to those who seek to harm Americans—consider this your warning. We will hunt you down in every corner of this planet.“

Democrats, meanwhile are positively spooked…

JUST IN: Adam Schiff, who deceived the public for 8 years by weaponizing his position against his political enemies, says Kash Patel is a political hack who will weaponize his position against his political enemies.

The irony.

In 2023, Schiff was called out to his face on CNN… pic.twitter.com/0pYAkq045o

— Collin Rugg (@CollinRugg) February 20, 2025

Ask Adam Schiff why he’s still withholding the October 2019 transcript of former Intelligence Community Inspector General Michael Atkinson.

Eight hours of closed-door testimony. All but guarantee it will answer a number of important questions surrounding Trump’s 1st impeachment.

— Jeff Carlson (@themarketswork) February 20, 2025

Meanwhile, Sen. Dick Durbin (D-IL) – who notably blocked the release of the Epstein client list that Patel has vowed to expose, held a press conference outside FBI headquarters on Thursday, slamming what he called Patel’s “bizarre political statements” spanning Jan. 6, to retribution – and accused Reepublicans of “willfully ignoring red flags on Mr. Patel,” who he argued has “neither the experience, the judgment or the temperament” to be FBI chief for the next decade.

“Mr. Patel will be a political and national security disaster,” said Durbin.

Patel, a vocal critic of the FBI, has worked in several roles during the first Trump administration, including acting deputy director of national intelligence. In prior comments, Patel said he wanted to clean out the bureau’s headquarters in Washington DC as part of a mission to dismantle the Deep State.

*  *  *

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Click hat… add to cart… check out… receive awesome hat…

Tyler Durden
Thu, 02/20/2025 – 15:49

Pentagon 8% ‘Cut’ Is Actually Shifting Funds From ‘Woke Programs’ To America First

February 20, 2025 Ogghy Filed Under: THE NEWS, Zerohedge

Pentagon 8% ‘Cut’ Is Actually Shifting Funds From ‘Woke Programs’ To America First

On Wednesday, a Washington Post report that Defense Secretary Pete Hegseth had directed senior Pentagon leaders to prepare for 8% budget cuts sent Palantir and other defense stocks plunging.

Defense Secretary Pete Hegseth delivers remarks at the White House last month. (Kent Nishimura/For The Washington Post)

“The proposed cuts, if adopted, would mark the largest effort to rein in Pentagon spending since 2013,” wrote WaPo.

Except that’s not what’s going on…

On Wednesday night, Breaking Defense‘s Aaron Mehta and Ashley Roque reported that the ‘cuts’ are actually Hegseth ordering the review of the department’s 2026 budget “in order to shift funds from legacy programs towards President Donald Trump’s priorities, including border security and the Iron Dome for America.”

“Secretary Hegseth has directed a review to identify offsets from the Biden Administration’s FY26 budget that could be realigned from low-impact and low-priority Biden-legacy programs to align with President Trump’s America First priorities for our national defense,” acting Deputy Secretary of Defense Robert Salesses said in a Wednesday night statement.

“The Department will develop a list of potential offsets that could be used to fund these priorities, as well as to refocus the Department on its core mission of deterring and winning wars. The offsets are targeted at 8% of the Biden Administration’s FY26 budget, totaling around $50 billion, which will then be spent on programs aligned with President Trump’s priorities.“

As Breaking Defense notes further;

After the statement was released, Breaking Defense obtained a portion of Hegseth’s memo, which lists 17 “offsets” which “may not be included by services and component in their eight percent decrease” recommendations. Those are:

  • Southwest Border Activities
  • Combating Transnational Criminal Organizations in the Western Hemisphere
  • Audit
  • Nuclear Modernization (including NC3)
  • Collaborative Combat Aircraft (CCAs)
  • Virginia-class Submarines
  • Executable Surface Ships
  • Homeland Missile Defense
  • One-Way Attack/Autonomous Systems
  • Counter-small UAS Initiatives
  • Priority Critical Cybersecurity
  • Munitions
  • Core Readiness, including full DRT funding
  • Munitions and Energetics Organic Industrial Bases
  • Executable INDOPACOM MILCON
  • Combatant Command support agency funding for INDOPACOM, NORTHCOM, SPACECOM, STRATCOM, CYBERCOM, and TRANSCOM
  • Medical Private-Sector Care

It’s unclear what kind of programs will be targeted outside this list, although Salesses in his statement said the department will target “unnecessary spending” like “so-called ‘climate change’ and other woke programs, as well as excessive bureaucracy.” It’s also unclear if the decision not to exempt support for EUCOM, AFRICOM, CENTCOM or SOUTHCOM is a sign that those regions may be downplayed as priorities.

According to Salesses, the department will target “unnecessary spending” such as “so-called ‘climate change’ and other woke programs, as well as excessive bureaucracy.”

Tyler Durden
Thu, 02/20/2025 – 15:45

Israelis Reluctant To Return To North Amid Hezbollah Threat: ‘We Don’t Feel Safe’

February 20, 2025 Ogghy Filed Under: THE NEWS, Zerohedge

Israelis Reluctant To Return To North Amid Hezbollah Threat: ‘We Don’t Feel Safe’

Via The Cradle

Israeli settlers are still reluctant to return to the northern settlements, which were evacuated as a result of Hezbollah’s pro-Palestine operations. 

Yedioth Ahronoth correspondent Yair Kraus reported that settlers from the Metula settlement have filed a petition with Israel’s Supreme Court requesting a conditional order and hearing to discuss an appeal for the settlement’s exclusion from the return protocol that is set to begin in early March. 

Via AFP

According to the correspondent, the Metula settlement council head, David Azoulay, argued that the Israeli government’s refusal to exempt Metula residents from returning has led to a “completely unreasonable” outcome. 

It would force the settlers to leave their current accommodation, places of employment, and schools to return to an area where 70 percent of the houses have been damaged or destroyed. Azoulay also highlights a continued “security risk.”

The settlers of Metula have urged Supreme Court representatives to inspect the settlement and reevaluate the decision.  Kraus said over 2,200 projectiles struck the settlement during the war, which began in October 2023, damaging both homes and public infrastructure. The council petition states that there is no protection due to a lack of proper shelter or fortified rooms. 

Hospitals are closed, and schools are unfit to accommodate students. “For this reason, it was stated that the current situation in Metula does not allow for commercial activities, tourism (as all hotels and dozens of guest houses were damaged), agriculture, community life, welfare, health services, and more,” Kraus added. 

A settler from the Misgav Am settlement, which was also heavily targeted by the Lebanese Shia resistance group, told the Ynet news site: “I’m not feeling safe. Most people are not feeling safe because nobody knows what will happen. Now, the army has left Lebanon. So, people, I think, will wait to see what happens at the border.”

“You can see on the other side, all the Lebanese are coming home. We’re not coming home yet,” he added.  “The ceasefire with Lebanon is not ideal. It doesn’t give us the full meaning of peace,” another settler told Ynet. 

Missile, rocket, and drone attacks launched by Hezbollah from the start of the war until the announcement of the Lebanon ceasefire caused major destruction in many northern settlements – from which tens of thousands of settlers were forced to evacuate.

According to property tax data obtained by Ynet in late November, “a disturbing partial image emerges that indicates destruction and damage to approximately 9,000 buildings and over 7,000 vehicles that were damaged mainly by Hezbollah fire.”

Late Hezbollah chief Hassan Nasrallah vowed before his assassination that the settlers of the north would not return before a ceasefire was reached in Gaza. While the war in Lebanon came to an end before the Gaza ceasefire, most settlers are still refraining from returning due to a sense of unease. 

Citizens of south Lebanon border villages have returned to their homes despite massive destruction and the continued presence of Israeli forces on their land. 

Tyler Durden
Thu, 02/20/2025 – 15:25

US Treasury’s Bessent Says Russia Could Win Sanctions Relief If Cooperative In Peace Talks

February 20, 2025 Ogghy Filed Under: THE NEWS, Zerohedge

US Treasury’s Bessent Says Russia Could Win Sanctions Relief If Cooperative In Peace Talks

Update(15:00ET): The Trump administration has signaled that Russia could win sanctions relief if Ukraine war talks are successful.

“Russia could win some relief from U.S. sanctions based on its willingness to negotiate an end to its war in Ukraine,” US Treasury Secretary conveyed Thursday in a Bloomberg interview. Per the breaking report:

Asked whether the U.S. was prepared to increase sanctions on Russia or reduce them depending on how talks to end the Ukraine war go, Bessent said: “That’d be a very good characterization.”

The US Treasury chief then emphasized, “The president is committed to ending this conflict very quickly.”

Trump’s stance on Ukraine has been met with growing beltway resistance, including from notable Republicans, amid a growing war of words with Zelensky, labeled a ‘dictator’ who doesn’t want to hold elections in a Wednesday Truth Social post by Trump.

The Ukrainian administration understands itself to be increasingly isolated by Washington, now near the eve of the war reaching the exact three-year mark, and there are reports that Zelensky is being told by his advisors to not respond to Trump’s provocative words. Trump is telling Zelensky he needs to hold elections.

Any sanctions relief on Moscow would mark a huge shift in the conflict, and Europe would ultimately have no choice but to conform, despite the continuing hawkish statements issued from Brussels. Statements from Rubio also reflected this Trump stance days ago…

US Secretary of State Marco Rubio:

The West will have to lift sanctions against the Russian Federation in the event of a settlement of the war in Ukraine. pic.twitter.com/UPSHXn3OSs

— Clash Report (@clashreport) February 18, 2025

Russian markets have responded this week, with the Ruble hitting a six-month high:

Russia’s ruble surged to its strongest level against the U.S. dollar in more than six months on Thursday, buoyed by renewed U.S.-Russia ties and hopes in Moscow for sanctions relief. The ruble has gained about 14% since U.S. President Donald Trump returned to the White House in January, reversing losses from late 2024.

On Thursday, Russia’s Central Bank set the official exchange rate at 88.5 rubles against the U.S. dollar, its highest level since August. While Russia does not have a fixed exchange rate, the Central Bank’s figure reflects market trends. The rebound follows a steep drop in the ruble last year when the outgoing Biden administration imposed its toughest sanctions on Russia’’ oil sector since the start of the war”.

Note: a 1-month fwd Ruble chart.

Trump has held out the threat of more sanctions, but this new statement from Bessent signals where the US administration’s priorities are headed.

* * *

Retired US Lt. Gen. Keith Kellogg, Trump’s special envoy to Ukraine and Russia, is in Kiev where on Thursday he had an (apparently) brief meeting with Ukrainian President Volodymyr Zelensky.

A scheduled post-meeting news conference has been unexpectedly canceled, though no reason was immediately forthcoming, according to a Ukrainian official, presidential spokesman Serhii Nikiforov. The US side made no comment upon the presser’s cancelation.

The Associated Press observes, “When the meeting began, photographers and video journalists were allowed into a room where the two men shook hands before sitting across from each other at a table at the presidential office in Kyiv.”

NYT: Keith Kellogg, center, the U.S. special envoy for Ukraine and Russia, meeting with European leaders in Brussels on Tuesday before traveling to Ukraine. Getty Images

What’s the latest in the growing feud that let up to this?

President Trump on Wednesday night continued bashing Ukraine’s Zelensky, this time describing that his officials treated Treasury Secretary Scott Bessent “rudely” during his visit to Kiev last week.

Trump further said that Zelensky chose to sleep instead of meeting with the high-ranking American official to discuss the White House proposed mineral rights deal. “Zelensky was sleeping and unavailable to meet him,” Trump told reporters aboard Air Force One.

Trump’s comments:

Trump exposes Zelensky’s disgusting treatment of Treasury Sec Bessent, who says may scrap Russia sanctions pic.twitter.com/otuHppZFrn

— RT (@RT_com) February 20, 2025

The Treasury Secretary had “traveled many hours on the train, which is a dangerous trip,” Trump added, characterizing the whole visit as futile given the Ukrainians “told him ‘no'” on the deal for America to acquire 50% of the country’s rare earth minerals.

Trump’s anti-Zelensky rhetoric, which included him calling him a “dictator” yesterday, has grown to the point that many pundits see that the Ukrainian president’s exit is nigh. Trump is pressuring Kiev for new elections, which would require parliament to change the constitution.

Vice President J.D. Vance also warned Wednesday that Zelensky will only bring harm on himself should be continue ‘badmouthing’ President Trump. This was in reference to Zelensky asserting that Trump is living in a Russian “disinformation space”. 

Via Financial Post

Vance’s warnings were conveyed in an interview published in the Daily Mail:

“The idea that Zelensky is going to change the president’s mind by badmouthing him in public media, everyone who knows the president will tell you that is an atrocious way to deal with this administration,” Vance said. 

“We obviously love the Ukrainian people,” but “we obviously think that this war needs to come to a rapid close,” he added. 

And Vance followed with a reminder: “That is the policy of the president of the United States. It is not based on Russian disinformation.”

Elon Musk has defended the Trump admin’s fierce critique of Zelensky. For example, Musk had tweeted out the following list by prominent pro-Trump account @DC_Draino: 

Want to know why Trump called Zelensky a Dictator? Here are the FACTS:

  • He’s in year 6 of his 5 year term
  • Declared martial law Feb 2022 and has banned elections since then
  • Banned 11 political parties
  • Passed law in 2022 to censor journalists and combined all news into one gov’t station
  • Journalists investigating his corruption get conscripted and thrown on the front lines to die

The list ended with the observation that “Even Saddam Hussein held elections!” We should add to this list the ongoing persecution of the Ukrainian Orthodox Church by the Zelensky government, merely because it maintains spiritual communion with the Moscow Patriarchate.

Must watch. The truth about the Ukraine persecution of the canonical Church. https://t.co/4xpUyxSfKL

— Fr. Michael Lillie (@FrLillie) February 20, 2025

At this point, many pundits believe it’s only a matter of time before there’s a change in Ukraine’s government. European leaders are of course rallying around Zelensky, but the pressure and power of Washington is a different matter, and in essence Trump is warning that if the Zelensky doesn’t achieve peace, there will be drastic changes in Kiev.

*  *  *

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Tyler Durden
Thu, 02/20/2025 – 15:00

Boston University Employee Who Called For Death Of DOGE Team Now Under Investigation

February 20, 2025 Ogghy Filed Under: THE NEWS, Zerohedge

Boston University Employee Who Called For Death Of DOGE Team Now Under Investigation

By Emily Sturge of Campus Reform

A Boston University employee who allegedly threatened members of the Department of Government Efficiency (DOGE) in a social media post is reportedly under federal investigation for potential violations of federal law.

Campus Reform recently reported that Jared May, who works as an assistant media technician at Boston University, shared a post online identifying six young members of DOGE with the caption, “Wanted for Treason, Dead or Alive.”

“We will not tolerate threats against DOGE workers or law-breaking by the disgruntled,” interim U.S. Attorney for the District of Columbia Edward R. Martin Jr. posted on X. 

Under federal law, threatening government officials is a felony.  

18 U.S.C. 111 states that anyone who “forcibly assaults, resists, opposes, impedes, intimidates, or interferes” a federal employee could be fined or face imprisonment. 

Martin publicly stated, “Our initial review of the evidence presented to us indicates that certain individuals and/or groups have committed acts that appear to violate the law in targeting DOGE employees.”

“We are in contact with FBI and other law-enforcement partners to proceed rapidly. We also have our prosecutors preparing,” Martin said.

U.S. Attorney for the District of Massachusetts Leah B. Foley also reportedly confirmed her office is investigating the matter, according to the Boston Globe. 

“We take those threats seriously,” Foley reportedly stated. 

“We will pursue any and all legal action against anyone who impedes your work or threatens your people…We will protect DOGE and other workers no matter what,” Martin wrote in a letter to Elon Musk shared on X. 

Campus Reform spoke with Ken Tashjy, who served as General Counsel for the Massachusetts Community College System for over 21 years and currently serves as a higher education attorney and consultant.

“Whether May’s post violates federal law or is considered protected speech under the First Amendment depends upon a variety of factors, including whether the threat was specific and credible, whether May intended to cause fear or harm to the DOGE employees, and whether the threat was tied to the employees’ official duties as federal workers,” Tashjy stated. 

Tashjy, a former Campus Reform Higher Education Fellow, cited the following potential violations:

  • Interstate Communications of Threats (18 U.S.C. § 875) – Prohibits sending threats to injure another person through electronic communication;
  • Retaliation Against a Federal Official (18 U.S.C. § 1513) – Prohibits retaliation against federal employees for actions taken in the course of their official duties; or
  • Encouraging or Inciting Violence (18 U.S.C. § 373) – Prohibits threats explicitly encouraging or soliciting others to commit violent acts against federal employees.

May’s social media post may also violate Boston University’s policies, which could subject him to discipline or termination. 

The university Employee Handbook section titled “Professional Standards of Conduct” deems “violent behavior in any form, including threats” as “unacceptable employee conduct that have a direct bearing on the work environment and the general interests of the University.”

The code also prohibits “[i]llegal conduct occurring outside the workplace that bears upon the employee’s fitness for employment at the University” and “[a]ny action that would place the interests of an employee in conflict with the interests of Boston University.”

According to Tashjy, May’s social media post “could constitute a threat of violence in violation of BU’s Rules of Conduct.”

“His post also fails to uphold BU’s ethical standards of honesty and integrity, places his interests in conflict with the interests of the University, and raises serious questions about his fitness for continued employment. Further, based on the extensive media coverage, his actions have reflected poorly on the University,” Tashjy stated.

“Under the circumstance, adequate grounds exist to discipline Mr. May, up to and including termination,” he continued. 

In a statement on behalf of Boston University, a representative said, “We are aware of a post made by an employee on his personal social media account…We do not comment on personnel matters. The views expressed do not reflect the values of Questrom School of Business,” reports Boston.com.

Tashjy explained that because Boston University is “a private institution of higher education, the First Amendment’s free speech protections do not apply to Boston University, and it has greater flexibility to discipline speech that might otherwise be protected at a public institution.”

“BU is free to discipline May for his online speech in accordance with its own policies,” he concluded.

Amid the backlash on social media and from federal prosecutors, May’s staff webpage on the university’s website has been removed.

 

Tyler Durden
Thu, 02/20/2025 – 14:45

Senate Confirms Kash Patel To Lead FBI

February 20, 2025 Ogghy Filed Under: THE NEWS, Zerohedge

Senate Confirms Kash Patel To Lead FBI

The Senate on Thursday confirmed Kash Patel to lead the FBI.

Patel had widespread support of Republicans – even Mitch McConnell (!), who argued that the Trump nominee would reform the nation’s top law enforcement agency after decades of corruption.

“Mr. Patel should be our next FBI director because the FBI has been infected by political bias and weaponized against the American people. Mr. Patel knows it, Mr. Patel exposed it, and Mr. Patel has been targeted for it,” Senate Judiciary Chairman Chuck Grassley (R-IA) said last week during a committee meeting to discuss Patel’s nomination, before the panel advanced Patel in a party-line vote.

Democrats, meanwhile are positively spooked…

JUST IN: Adam Schiff, who deceived the public for 8 years by weaponizing his position against his political enemies, says Kash Patel is a political hack who will weaponize his position against his political enemies.

The irony.

In 2023, Schiff was called out to his face on CNN… pic.twitter.com/0pYAkq045o

— Collin Rugg (@CollinRugg) February 20, 2025

Ask Adam Schiff why he’s still withholding the October 2019 transcript of former Intelligence Community Inspector General Michael Atkinson.

Eight hours of closed-door testimony. All but guarantee it will answer a number of important questions surrounding Trump’s 1st impeachment.

— Jeff Carlson (@themarketswork) February 20, 2025

Meanwhile, Sen. Dick Durbin (D-IL) – who notably blocked the release of the Epstein client list that Patel has vowed to expose, held a press conference outside FBI headquarters on Thursday, slamming what he called Patel’s “bizarre political statements” spanning Jan. 6, to retribution – and accused Reepublicans of “willfully ignoring red flags on Mr. Patel,” who he argued has “neither the experience, the judgment or the temperament” to be FBI chief for the next decade.

“Mr. Patel will be a political and national security disaster,” said Durbin.

Patel, a vocal critic of the FBI, has worked in several roles during the first Trump administration, including acting deputy director of national intelligence. In prior comments, Patel said he wanted to clean out the bureau’s headquarters in Washington DC as part of a mission to dismantle the Deep State.

*  *  *

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Tyler Durden
Thu, 02/20/2025 – 14:24

In Ominous Post, Leftist MEP Verhofstadt Says Trump Is “NATO’s Greatest Threat”

February 20, 2025 Ogghy Filed Under: THE NEWS, Zerohedge

In Ominous Post, Leftist MEP Verhofstadt Says Trump Is “NATO’s Greatest Threat”

Via Remix News,

In an incendiary post on X, Belgian MEP Guy Verhofstadt called U.S. President Donald Trump the “greatest threat” to NATO, marking a sharp escalation in rhetoric, and potentially a threat to Trump himself.

“Trump is Putin’s puppet, and he’s making it clear: NATO’s greatest threat isn’t abroad, it’s sitting in the White House. Blaming Zelensky for Russia’s war is outright Kremlin’s propaganda. He’s not just betraying the Atlantic alliance—he’s working to dismantle it. Europe, wake up NOW before it’s too late,” wrote Verhofstadt.

Trump is Putin’s puppet, and he’s making it clear: NATO’s greatest threat isn’t abroad, it’s sitting in the White House.

Blaming Zelensky for Russia’s war is outright Kremlin’s propaganda. He’s not just betraying the Atlantic alliance—he’s working to dismantle it.

Europe, wake… https://t.co/knRaquG1ji

— Guy Verhofstadt (@guyverhofstadt) February 19, 2025

The remarks come after an increasing war of words between Trump and Ukrainian President Volodymyr Zelensky, who Trump has now labeled a “dictator.” The U.S. president is seeking a peace deal to end the war in Russia and has sharply turned against Zelensky. Trump said he had “4% support” in the country and needed to call new elections. He has also raised questions about what he says is $350 billion in missing funds.

Zelensky was known to keep offshore accounts before the war and was named in the Pandora Papers. Accusations have swirled about Zelensky’s assets but much of it remains hidden in offshore bank accounts. Officially, he has approximately $4 million in assets.

As for Verhofstadt, the very wealthy left-liberal politician is known for his deep hatred of politicians who oppose his agenda, with Hungarian Prime Minister Viktor Orbán one of his top targets.

In 2022, for instance, Verhofstadt called Orbán a “traitor” for his efforts to end the war in Ukraine.

No other word for this…

Orbán is a traitor ! https://t.co/asmD1oLVa3

— Guy Verhofstadt (@guyverhofstadt) December 28, 2022

However, labeling Trump the “biggest threat” of NATO has borderline militaristic implications and calls into question what Verhofstadt thinks Europe should do about what he believes to be the biggest “threat” to the largest military alliance in history.

The comments section to his post is lively, with some asking if Verhofstadt’s comment constitutes a threat in itself. Others point out to the incredibly lopsided amount of American military spending in comparison to Europe.

Never bite the hand that feeds you…https://t.co/yRFRHsHwdt

— Hans Mertens (@wattooto) February 19, 2025

Read more here…

Tyler Durden
Thu, 02/20/2025 – 13:40

Druckenmiller Piles Into US Airline Stocks With Hopes Of Smooth Takeoff In Trump Era

February 20, 2025 Ogghy Filed Under: THE NEWS, Zerohedge

Druckenmiller Piles Into US Airline Stocks With Hopes Of Smooth Takeoff In Trump Era

Duquesne Family Office Chairman Stanley Druckenmiller told CNBC last month that “animal spirits” have returned to the market, driven by “giddy” CEOs anticipating Trump’s return to the White House. His comments coincide with a new 13F filing revealing some big airline stock bets.

Last quarter, George Soros’ former money manager piled into airline stocks, including United Airlines, American Airlines, and Delta Air Lines. 

Druckenmiller’s investment firm disclosed 21 new positions in stocks including United Airlines, American Airline and Delta Air in the final quarter of 2024. United Airlines was his largest new buy, consisting of 2.8% of his overall portfolio. The purchases come as the hedge fund reduced its stake in the technology sector by 5.3%. -Bloomberg

Druckenmiller’s bullish airline bets come as the global aviation sector is forecasted to expand this year, according to a new BloombergNEF report: 

The global aviation sector will continue to expand in the foreseeable future, thanks to rising population, higher income per capita across geographies and continuous economic development between regions. The growing appetite for air travel will drive up the sector’s fuel use. 

Implied jet fuel demand worldwide has remained above average in the last four years. 

Domestic flights are accelerating in the second half of February. 

According to figures released by the Transport Security Administration (TSA), airport checkpoint data remains above a four-year average for this time of year as spring flying season nears. 

While the S&P 500 continues to reach record highs, driven by AI and ‘Powering Up America’ themes, airline stocks remain major laggards—but not overlooked by Druckenmiller. If Trump can beat Biden-Harris regime’s inflation storm, stabilize geopolitical tensions in Eastern Europe and the Middle East, and restore economic certainty, airlines might be ready for a smooth takeoff. 

The question remains: When will the prospect of supersonic travel reignite investor interest in airline stocks?

It’s coming. Theme to watch… 

Tyler Durden
Thu, 02/20/2025 – 13:20

“And Just Like That” – Does NATO Even Exist Any More?

February 20, 2025 Ogghy Filed Under: THE NEWS, Zerohedge

“And Just Like That” – Does NATO Even Exist Any More?

By Michael Every of Rabobank

Even shrugging off three-plus weeks of shocking headlines, some in markets must surely wake up today “And just like that…” realize the world around them has changed dramatically. We no longer live in a market dream Manhattan with glamour, lunches, petty insults, and expensive shoes. Rather, we are in a reality with clamor, golf games, petty insults, and expensive jackboots.

President Trump has called President Zelenskyy a corrupt “dictator” who ‘started the Ukraine War,’ warning he must make a deal while he ‘still has a country left.’ That sounded like Kremlin terminology to many European ears. Yet the US walking away from Ukraine without them even being at the table is no shock historically: does one not recall the fate of the Afghan government? Or President Mubarak? Or the South Vietnamese?

pic.twitter.com/PMcrOwXejI

— Donald J. Trump (@realDonaldTrump) February 19, 2025

In response, Europe is assembling a crisis group of the EU, except Slovakia and Hungary, and everyone in NATO, except those two… and the US. This leads some to wonder if NATO can hold together. Yet without it, what can the others do? Even as the UK and France float air support for Ukraine, bringing them close to confrontation with Russia, that still requires US logistics: some ‘Great Power’ and ‘strategic autonomy’. Where next if the US defence umbrella which markets have been able to lunch and golf under since 1945/1991 folds?

That question is also aimed at the EU. As Professor of European Studies @stefanauer_hku warns:

“EUrope is finished. And it’s not just that France and Germany might no longer find it possible to work together (as @BecirovicMuamer points out). There will be conflicts between those countries who continue seeking security from the US (e.g., Poland) and those who won’t.”

Making his point, the Financial Times says European bond yields are rising and curves steepening on the prospect of that higher defence spending, i.e., Denmark just raised its arms spending by a massive 70%; as Ireland’s finance minister, the president of the group of Eurozone finance ministers, states the EU should stick to its spending rules rather than increasing defence investment – and who knows more about defence spending than… Ireland?

Beyond the fiscal side, unless one boosts industrial production in tandem, which involves “What is GDP *for*?” choices, then higher defence spending just sucks in imports – and of whose weapons, if Europe and the UK don’t make them, and the US is seen as unreliable?  

This isn’t solely an EU issue: China just sailed a warship 150 nautical miles from Sydney, showing its new power projection. Australians may tell themselves that it was just scouting for beach-side property in the eastern suburbs, but that is not much comfort. The jobs numbers today Down Under (+44K vs. +20K consensus) may have been good enough to keep the RBA on hold after their recent cut, but it’s no longer the major focus in Canberra, one might think.

Indeed, the Washington Post reports Defence Secretary Hegseth has ordered 8% Pentagon budget cuts for each of the next FIVE years, which would almost halve current spending. Even addressing layers of fat and invoice-padding, it seems everywhere but the Indo-Pacific region is expendable. Of course, Congress may not agree, but if it does, many will be asking who has their back. One would assume the long end of curves will go back up to reflect that defence spending and uncertainty.

In what would otherwise be headline news, Elon Musk has floated sending $5,000 checks to each American from apparent DOGE savings, as Trump said he favoured sharing 20% of the total saved. Of course, this is all past (mis?)spending and that would just bring the US deficit back again.

Undeterred, Commerce Secretary Lutnick stated a White House goal is to remove the IRS, as Trump backs the House budget bill that includes $4.5 trillion in tax cuts: note the 100% expensing for new US factories, the 15% for anything made in America, and lower taxes on oil producers in an attempt to drive energy prices down further.

And that’s as President Putin floats an energy summit between himself, the US, and Saudi Arabia, who together control 40% of the world’s oil, following on from the US and Russia already suggesting that they may develop Arctic oil together.

Failing to make any impact was a headline in The New York Times saying Trump wants a new, better trade deal with China. Don’t we all? That certainly runs entirely counter to the massive tariffs that are coming in around five weeks – unless markets think that the president who can do all of the above isn’t serious about tariffs “because markets”.

An early leak of Europe’s Clean New Industrial Deal is also a U-turn from neoliberalism. In short, it argues for “made-in-EU” quotas for both the public and private sectors and carbon product labels — economic statecraft non-tariff barrier local content rules– to make 40% of clean tech in Europe rather than buying it from China. Furthermore, to bring down energy costs the plan is to cut energy taxes and use the European Investment Bank to lend vast sums for new grid and LNG plants, etc. –economic statecraft subsidies and/or off-book quasi-fiscal spending– and an “EU critical raw material centre” to “jointly purchase raw materials” for groups of companies – economic statecraft market intervention. Naturally, this means more zero-sum global trade policy.

Summarising things, the Financial Times has an op-ed bewailing “Who will stabilize the global economy?” It points out a century ago the rising US giant, then still number two to the wounded post-WW1 British Empire, was a mercantilist rather than a stabilising force. We know how that ended in 1929, the 1930s, and the 1940s. Today, the US is going back down that path in response to a mercantilist China which never tried to go anywhere else – and so nobody is going to stabilise the global economy.

The latest Fed minutes discussed the possible effects of changes in US trade and immigration policy, as well as differentiating between the temporary and the persistent inflation impacts. Frankly, they haven’t got a clue about that, or any of the above news. Indeed, it’s unfair to expect them to –our contemporary central bankers are just not cut from that kind of intellectual cloth– and a few Fed members might even be looking at the treatment of Zelenskyy and feeling nervous.

For now, US rates are clearly on hold, following which the Fed will say “And just like that…” and…

Tyler Durden
Thu, 02/20/2025 – 13:00

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