JD got his start at Theil's hedge fund and through the lobbying of David Sacks, Trump's campaign short listed Vance as VP.

Since then Trump has gotten a significant of financial support from Thiel, Musk, and Sacks.

Vance is their guy, the long game is to move him to the Presidency, perhaps in four years, maybe before that.

Vance may be a cross dresser, but he will be president.

Sheila Jackson Lee - Democratic Congresswoman from Houston, TX 18th District

• Heavily involved in the oversight of the Secret Service.

• Fierce critic of Trump

• Suddenly dies July 19th at 74 years old, six days after the failed attempted assassination of DJT.

• She was diagnosed with pancreatic cancer in June

• Her family does not specify cause of death

• Seen out and about the day before.

https://x.com/krisiannc/status/1815502654329516488 https://x.com/ShadowofEzra/status/1815412314008592754

A crowdstrike update has caused millions of windows system to blue screen and go into a reboot loop taking out airlines and other critical infrastructure worldwide. It's going to be a long few days for system admins everywhere.

I don't have a link for this but basically this is what I've determined so far.

The Fed owns 7T in U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities through a special provision that allows it to create money to buy these assets.

It actually owns more, but this is just the portion bought with made up money and not customer deposits.

For assets bought with made up money, the Fed and its member banks receives a dividend at a rate capped at 6%.

The Federal Reserve uses part of the interest income to cover operating expenses, which include salaries, facilities, and other operational costs. (7.7B for 2023)

In addition, member banks received approximately $2.1B in dividend payments in 2023.

Any left over interest goes back to the Treasury.

Debt Holder Breakdown of the full 33T of US debt:

• Federal Reserve: ~22% of total federal debt.

• Foreign Holders: ~22% of total federal debt.

• U.S. Government Accounts: ~18% of total federal debt.

• Domestic Private Investors: ~27% of total federal debt.

• State and Local Governments: ~3% of total federal debt.

In summary, the Federal reserve profits greatly from buying up treasuries and other assets with made up money. This money goes to private member banks.