Kim Perales
@KimPerales@toad.social  ·  activity timestamp 6 days ago

If Trump’s effort to remove Lisa Cook for cause succeeds, & perhaps even if it doesn’t, this week will go down as one of the most consequential for FIN mkts in decades.

It isn’t just the US. Other countries have also come to expect an indep US central bank.

🚨W/o indep, the Fed couldn’t be trusted to give priority to low over the president’s other priorities.

Many on WS have privately worried that pol pressure will🚨undermine the Fed’s credibility.
wsj.com/economy/central-bankin
Bohemian Peasant
@BohemianPeasant@pnw.zone replied  ·  activity timestamp 5 days ago
@KimPerales

Let’s not overlook the danger of an #autocrat having control of central bank assets.

It would be #grift on steroids.

#tyranny #federalreserve #corruption

activity timestamp 5 days ago

"They🚨took $1B out of 's budget
-promised to restore it
-never did
-gutted the NPS
-called in the NG from a# of states to combat crime

The NG is doing custodial work that DC & NPS usually do."
-S Stein

"90% staff cuts fertilized by $1B budget slashes, now blooming as NG trash duty. When meets absurdity...

200 NPS staff maintained DC's🌳spaces pre-2025 🚨-20 remain."
WH XR

The should be called out 24/7 for , , ...

washingtonpost.com/national-se
knoppix
@knoppix95@mastodon.social  ·  activity timestamp 5 days ago

I want to share an important article from the The Tor Project about how Turkmenistan turned internet censorship into a business 🧵

Officials block access to the open internet—then sell it back at a price. Tor, being free and effective, became a threat to their profit model 🔐

When censors become dealers, censorship becomes extortion.

@torproject

https://blog.torproject.org/Corruption-Control-Turkmenistan-internet-censorship-business/

#Privacy#Censorship#Surveillance#Corruption#DigitalRights#Tor#VPN#Freedom#HumanRights#Authoritarianism#FreeSpeech
knoppix
@knoppix95@mastodon.social  ·  activity timestamp 5 days ago

I want to share an important article from the The Tor Project about how Turkmenistan turned internet censorship into a business 🧵

Officials block access to the open internet—then sell it back at a price. Tor, being free and effective, became a threat to their profit model 🔐

When censors become dealers, censorship becomes extortion.

@torproject

https://blog.torproject.org/Corruption-Control-Turkmenistan-internet-censorship-business/

#Privacy#Censorship#Surveillance#Corruption#DigitalRights#Tor#VPN#Freedom#HumanRights#Authoritarianism#FreeSpeech

activity timestamp 6 days ago

As #ICE expands its operations in DC, buoyed by new funding from the recently passed “BBB,” Trump associates may already be cashing in. Acc to a new contracting doc,🚨ICE awarded $2.25M for 25 Chevrolet Tahoe SUVs, ~$90K/vehicle – to Hendrick Motorsports LLC, owned by R donor "Rick" Hendrick III.

His support may have helped sway Trump -potentially helping to secure a pres pardon for his nephew/neighbor on the final day of his 1st term in 2021. #Corruption#Protest#USPolhttps://zeteo.com/p/ice-no-bid-contract-republican-donor-fraud-history
Kim Perales
@KimPerales@toad.social  ·  activity timestamp 5 days ago

"They🚨took $1B out of 's budget
-promised to restore it
-never did
-gutted the NPS
-called in the NG from a# of states to combat crime

The NG is doing custodial work that DC & NPS usually do."
-S Stein

"90% staff cuts fertilized by $1B budget slashes, now blooming as NG trash duty. When meets absurdity...

200 NPS staff maintained DC's🌳spaces pre-2025 🚨-20 remain."
WH XR

The should be called out 24/7 for , , ...

washingtonpost.com/national-se
Kim Perales
@KimPerales@toad.social  ·  activity timestamp 6 days ago

As #ICE expands its operations in DC, buoyed by new funding from the recently passed “BBB,” Trump associates may already be cashing in. Acc to a new contracting doc,🚨ICE awarded $2.25M for 25 Chevrolet Tahoe SUVs, ~$90K/vehicle – to Hendrick Motorsports LLC, owned by R donor "Rick" Hendrick III.

His support may have helped sway Trump -potentially helping to secure a pres pardon for his nephew/neighbor on the final day of his 1st term in 2021. #Corruption#Protest#USPolhttps://zeteo.com/p/ice-no-bid-contract-republican-donor-fraud-history

activity timestamp 6 days ago

With Lisa Cook suing to challenge Trump's firing of her, experts in mtge law tell me her lawyer🚨can now use discovery to dig into the role Trump loyalist W Pulte played in singling out mtges of her, Schiff & L James for scrutiny.

May backfire on Trump—in pt bc the accomplices helping carry it out have grown almost absurdly brazen in doing so.

Appears to be illegal -🚨though Trump may still get away with it. He can fire a Fed brd mem “for cause..."
#Corruption#Fed#USPol
https://newrepublic.com/article/199612/furious-trump-firing-fed-lisa-cook-may-backfire

activity timestamp 6 days ago

Top #DOD officials are🚨“thinking about” whether the US should acquire equity stakes in leading defense contractors such as Lockheed Martin, Comm Sec Lutnick said Tues.

He revealed the Def Dept’s interest in taking those stakes.

Lutnick was asked if the Trump admin would repeat that move with other cos that do bus with the govt.

“There’s a monstrous discussion about defense."

*And Trump pushes to rename DOD to ‘Department of War.’
#Corruption#Extortion#Fascism#USPol
https://www.cnbc.com/2025/08/26/trump-pentagon-equity-stakes-in-defense-contractors.html

activity timestamp 6 days ago

Trump said the #DOJ will sue CA over Gov Newsom’s efforts to draw a new congressional map. Newsom promptly responded on SM: “BRING IT.”

Trump's praised a similar effort by TX Republican legislators' effort to codify a new map that'd give the GOP an even greater advantage with 5 more House seats in the 2026 mid-term elections.
#Hypocrisy#Redistricting#Corruption#USPolhttps://www.cnbc.com/2025/08/25/trump-california-lawsuit-texas-redistricting-newsom.html
Kim Perales
@KimPerales@toad.social  ·  activity timestamp 6 days ago

With Lisa Cook suing to challenge Trump's firing of her, experts in mtge law tell me her lawyer🚨can now use discovery to dig into the role Trump loyalist W Pulte played in singling out mtges of her, Schiff & L James for scrutiny.

May backfire on Trump—in pt bc the accomplices helping carry it out have grown almost absurdly brazen in doing so.

Appears to be illegal -🚨though Trump may still get away with it. He can fire a Fed brd mem “for cause..."
#Corruption#Fed#USPol
https://newrepublic.com/article/199612/furious-trump-firing-fed-lisa-cook-may-backfire
Kim Perales
@KimPerales@toad.social  ·  activity timestamp 6 days ago

Top #DOD officials are🚨“thinking about” whether the US should acquire equity stakes in leading defense contractors such as Lockheed Martin, Comm Sec Lutnick said Tues.

He revealed the Def Dept’s interest in taking those stakes.

Lutnick was asked if the Trump admin would repeat that move with other cos that do bus with the govt.

“There’s a monstrous discussion about defense."

*And Trump pushes to rename DOD to ‘Department of War.’
#Corruption#Extortion#Fascism#USPol
https://www.cnbc.com/2025/08/26/trump-pentagon-equity-stakes-in-defense-contractors.html
Kim Perales
@KimPerales@toad.social  ·  activity timestamp 6 days ago

Trump said the #DOJ will sue CA over Gov Newsom’s efforts to draw a new congressional map. Newsom promptly responded on SM: “BRING IT.”

Trump's praised a similar effort by TX Republican legislators' effort to codify a new map that'd give the GOP an even greater advantage with 5 more House seats in the 2026 mid-term elections.
#Hypocrisy#Redistricting#Corruption#USPolhttps://www.cnbc.com/2025/08/25/trump-california-lawsuit-texas-redistricting-newsom.html

activity timestamp 7 days ago

Why is the Trump side escalating so hard & fast? After all, the Fed is coming around to making rate cuts -going to get what they want.

Opportunism? They found some dirt -going to use it -🚨determined to break the Fed as an indep inst. Is this about the long-game on banking reg? Genuinely concerned: about the state of the US economy -get CONTROL of Fed policy so that they can launch a major stimulus in 2026 ahead of the mid-terms?
🚨Weaponized Govt!
adamtooze.substack.com/p/chart
Kim Perales
@KimPerales@toad.social  ·  activity timestamp 7 days ago

Why is the Trump side escalating so hard & fast? After all, the Fed is coming around to making rate cuts -going to get what they want.

Opportunism? They found some dirt -going to use it -🚨determined to break the Fed as an indep inst. Is this about the long-game on banking reg? Genuinely concerned: about the state of the US economy -get CONTROL of Fed policy so that they can launch a major stimulus in 2026 ahead of the mid-terms?
🚨Weaponized Govt!
adamtooze.substack.com/p/chart