In which Mr Jennings both:
1. Blames Biden for an inflation trend that began under Trump (which Biden reversed)
and
2. Credits Trump for an inflation reduction trend that began under Biden (which Trump has now reversed).
On Friday afternoon, a regulator Donald Trump appointed approved a bank Donald Trump's family owns, to issue a coin that makes Donald Trump money, under a law Donald Trump signed.
First time in American history.
Dropped at 4pm on a Friday, because they were counting on you not looking.
Here's what they buried:
The OCC — run by Trump appointee Jonathan Gould — granted World Liberty Trust Co. a national trust bank charter. World Liberty is 38% owned by "an entity affiliated with Donald J. Trump and certain of his family members."
That's not my framing. That's on their website.
"It's just a trust charter, it can't take deposits." Correct. It doesn't need to. That's not the business.
The business is USD1, their stablecoin.
You hand them a dollar. They park it in Treasuries. They keep the interest. And under the GENIUS Act — signed by Trump in July 2025 — they're legally barred from passing that interest to you.
All house money.
Friday's charter lets them cut out their middleman and run issuance, custody, and reserves in-house. Fatter margins. Federal seal. Institutional clients.
Now ask where the dollars come from.
A state-backed Abu Dhabi fund settled a $2 BILLION investment into Binance using USD1. World Liberty told Congress the deal likely would've used foreign currency if USD1 hadn't existed.
Meaning: it was routed through the President's balance sheet on purpose.
As of February, Binance held 87% of every USD1 in existence.
Binance's founder was pardoned. By Donald Trump.
Line it up:
→ He signed the law that built the market
→ He appointed the regulator
→ The regulator approved his family's bank
→ The bank prints the coin that pays him
→ A foreign government pumped $2B into it
→ It sits on an exchange whose founder he pardoned
→ The bank's board is chaired by the son of his Middle East envoy
He disclosed $57.4 million from World Liberty on one filing.
Elizabeth Warren: the first president in history to approve, operate, and supervise his own bank.
CREW: the most egregious example yet of the President's businesses profiting off his government job.
Democrats introduced the Ending Presidential Corruption in Banking Act the same day. It bans regulators from chartering banks owned by the president. It will not pass.
Watch who votes against it anyway.
The OCC says career staff handled the review and everyone met their ethical obligations. Fine. Maybe every signature was clean.
That IS the story.
Nobody has to break a rule when you own the people who write them.
They did it on a Friday because Friday is where things go to die quietly.
Don't let it.
Imagine if Kamala Harris became the first female president of the United States and then tore down the East wing, obsessed about a ballroom, started a losing war with Iran, took away health care and food from children, raked in billions, fired everyone to put her friends in their positions, fell asleep on camera consistently, mouthed off on social media, openly prosecuted people she didn’t like without real cause, started a slush fund to fund domestic terrorists, and generally lied every second of the day. She wasn’t even allowed to laugh.
Never forget that RFK Jr. testified in his divorce proceedings that he couldn’t afford alimony because he was so brain damaged he couldn’t hold a job.
Anyway, now he’s the Secretary of Health and Human Services.
Trump hung up on a ProPublica reporter after being asked whether his Florida mortgages were similar to those of others he had accused of fraud.
Trump’s Own Mortgages Match His Description of Mortgage Fraud, Records Reveal
https://t.co/PutqQkBbxJ
The guy who posts AI images of himself saving George Washington and fighting alongside Revolutionary War heroes hid in a catering truck while his own allies and the media boarded the plane HE thought Iran might blow up.
AI Trump: “I’ll save America!”
Real-life Trump: “You guys get on the plane. I’ll be hiding behind the potato salad.”