Massive Money Changes Coming
- Dagny
- 13 hours ago
- 7 min read
Trump Housing Chief Bill Pulte Smashes FICO’s Mortgage-Score Monopoly — Orders Fannie and Freddie to Approve ALL Lenders for VantageScore Effective Immediately
Trump-appointed Federal Housing Finance Agency Director Bill Pulte just dropped the hammer on FICO’s longtime stranglehold over American homebuyers.
On Thursday, Pulte announced that he is ordering mortgage giants Fannie Mae and Freddie Mac to approve every lender seeking to use VantageScore as an alternative to FICO, effective immediately.
According to Pulte, the price charged for an individual FICO credit score has skyrocketed by an astounding 1,800% since 2020.
VantageScore 4.0 can reportedly consider additional financial information, including rent-payment history, potentially giving responsible Americans with limited traditional credit histories another opportunity to qualify for a mortgage.
The Community Home Lenders of America documented that FICO’s foundational price for a mortgage credit pull exploded from about 60 cents in 2022 to roughly $10 per pull, a 1,567 percent jump in three and a half years.
The group says a tri-merge credit report that cost about $50 per closed loan in 2022 now routinely exceeds $550 once multiple pulls are factored in.
The Credit Score Competition Act of 2018, signed by President Trump in his first term, was supposed to break this logjam years ago.
Twenty-One Banks Stablecoin
On September 1, twenty-one of the world's largest financial institutions announced they are forming a company to issue a U.S. dollar stablecoin. Launch target: first half of 2027.
Goldman Sachs. Bank of America. Citi. Deutsche Bank. UBS. Wells Fargo. Fidelity Investments. MUFG. PNC. Capital One. Scotiabank. TD Bank. WisdomTree. Eight more. They will comply with the GENIUS Act. Read that sentence again. Twenty-one banks representing trillions of dollars in assets, spanning North America, Europe, East Asia, the Middle East, and Africa are voluntarily enrolling in the stablecoin licensing architecture that the U.S. Treasury published as a proposed rule six weeks ago.
Nobody forced them. Nobody ordered them. Treasury built a door and twenty-one banks walked through it. Here's why they walked through it. The stablecoin market hit $314 billion. Global stablecoin transactions reached $9 trillion in the past year. JPMorgan estimates stablecoins could create $1.4 trillion in new demand for U.S. dollars by 2027. Standard Chartered warned that emerging market banks could lose a trillion dollars in deposits within three years as savers around the world shift into digital dollars. The money is moving. And it's moving toward the dollar.
Now remember what the GENIUS Act requires. Every licensed stablecoin must be backed one-to-one by reserves. Those reserves must be held in U.S. Treasury bonds. Every issuer must comply with FinCEN's anti-money-laundering rules. Every issuer must submit to OFAC sanctions screening. Every foreign issuer must have a reciprocal arrangement between their home country and the United States. Twenty-one banks just agreed to all of that. Voluntarily.
Because the market is $314 billion and growing, and the only way to access it legally is through the door Treasury built. And every stablecoin they issue creates automatic demand for U.S. government debt. One-to-one. A dollar of stablecoin means a dollar of Treasury bonds held in reserve. If JPMorgan's estimate is right $1.4 trillion in new stablecoin demand by 2027 that's $1.4 trillion in mandatory purchases of government bonds. Created not by the Federal Reserve buying bonds with printed money, but by private banks buying bonds because the licensing rules require it. The Fed used to create demand for Treasury bonds through quantitative easing. Now Treasury creates that demand through regulation. Same outcome someone buys the government's debt completely different mechanism. And completely different institution in control. Three days before this announcement, Jamie Dimon stood at the G20 in Asheville and said: "For the first time at G20, Treasury has given the private sector a place at the table." Now twenty-one banks are at the table. Building the product Treasury designed. On the rails Treasury laid. Under the rules Treasury wrote. Buying the bonds Treasury issues. And the de-dollarization narrative? The one that said the dollar was losing its grip? JPMorgan one of the twenty-one banks forming this consortium said it plainly: stablecoins may actually strengthen the dollar's role in global finance by digitizing access to it.
The dollar isn't weakening. It's being digitized. And the institutions digitizing it aren't crypto startups in El Salvador. They're Goldman Sachs and Bank of America and Deutsche Bank, operating under Treasury's rules, holding Treasury's bonds, screening transactions through Treasury's sanctions office. Separately, thirty-seven European banks formed a company called Qivalis to issue a euro stablecoin. JPMorgan signaled it could launch its own proprietary stablecoin. Citi invested in a London-based stablecoin infrastructure company. Circle's stock dropped 6% the day the consortium was announced. The architecture is pulling them in. All of them. At once. Because the alternative is being left outside the system that processes $9 trillion a year and is accelerating. Six weeks ago, Treasury published a proposed rule. Today, twenty-one banks are building a company to comply with it. That's not regulation. That's gravity.
https://x.com/TheDebriefing17/status/2095516106655924501?
President Trump declares he will CUT OFF TRADE with nations that are allowed to pay lower interest rates than the United States WAR MODE ON THE ANTI-AMERICAN FINANCIAL ORDER 🇺🇸 "Each point in interest in this country that we pay costs us $650 billion. “
98 OF 100 NEW AMERICAN JOBS IN AUGUST WENT TO WOMEN The economy added 162,000 jobs. Women took 158,000. Men took 4,000. Past 12 months: women +870K, men -1.5M. https://t.co/GO2r1qKS5l" / X
Tucker:
Exploitation of people is the common thread:
Using us as paid military but for free
Foreign aid USAID
Onlyfans (AIPAC's biggest donor is the owner, Also rabbi owner of Porn,com)
Gambling legalization
Marijuana legalization
Pushed by the same people: radical capitalism
Gambling:
Legalized theft. Fandool, Draft Kings
The most popular entertainment in America (greater than all other revenue for entertainment combined.)
hundreds of billions of dollars
aimed at young men
revenue equivalent to the social cost
highest suicide rate of any addiction in America
Omnipresent on phones
166 billion spent on sport gambling (70 billion for other entertainment)
ESPN podcasts etc. subsidized by gambling advertising.
Kalchi and Polymarket prediction markets (set fee unlike casino gambling)
Social and corrosive costs: Insider trading like Maduro capture. Also IDF betting on war events, length of press conference, content, etc.
Everything is tradable so everything money relate (free market capitalism)
Weather markets sensor at an airport with hair dryer
100 years ago sports betting was illegal because of thrown games.
Child porn approved in US as long as it's AI
Private possession of images or videos of child sex abuse made using artificial intelligence is protected by the First Amendment in the United States, ruled the US Court of Appeals for the Seventh Circuit.
😞The protection is valid only if the material does not portray a real person and remains in the home.
The judges based their decision on previous rulings that established that:
🔴 An individual has the right to possess obscene materials in the privacy of his or her home
🔴 ‘Virtual’ child sexual abuse materials that do not depict a real person are not considered child pornography
In the ruling, Judge John Z. Lee also urged the Supreme Court to reconsider the matter of AI-generated child sex abuse content, pointing at the problems created by the existing legal precedents.
“Given the relentless advancement in artificial intelligence models, we have some concerns about the lines these cases draw, but we are not free to redraw them ourselves,” the judge warned.
News of the ruling left many social media users unamused about what they regard as the legalization of child porn or at least one of its forms.
Some also argued that AI-generated content is not real and thus there are no victims, prompting others to retort that child porn is child porn, no matter how it was generated.
🤔And yet others raised another valid question: exactly how does AI learn to generate such content? Could it be that images of real children posted online are scraped and used as ingredients for product pedos use for their amusement?
Is AI-generated child porn really OK if no real children are harmed or involved in its production? Or should this potential loophole for pedophiles be shut down as soon as possible?
Trump's son cashes in on Polymarket as insider-trading accusations mount
Donald Trump Jr. once again draws attention over potential insider trading after investing in the Polymarket betting platform, WSJ reports.
➡️ 1789 Capital, the investment firm where Trump's eldest son is a partner, is pouring $300 million into the prediction platform as part of a $1 billion round that values the company at $21 billion
➡️ The deal makes 1789 one of Polymarket's largest backers, trailing only Intercontinental Exchange, which holds a $1.6 billion stake
Polymarket has a long history of accusations that its platform enables insider trading on highly sensitive US military and intelligence secrets, as researchers identified traders who appeared to bet on military secrets, earning millions from seemingly insider information.
The ties between Trump Jr. and Polymarket, meanwhile, predate his father's election.
🔴 In 2024, Polymarket's CEO was seen with Trump Jr. and 1789 founder Omeed Malik at the Republican National Convention
🔴 After Trump won the presidency, Trump Jr. joined 1789 as a partner
1789 Capital's growth since has been remarkable, reportedly managing over $3 billion and posting 200% returns. The firm's portfolio also includes SpaceX, Anduril, and Cerebras Systems.
📊 Win-win strategy
Despite all accusations, it appears the Trump family is determined not to miss a single dollar of profit. Trump Jr. also serves as a strategic adviser to Polymarket's main rival, Kalshi, meaning federal decisions on prediction markets could benefit him regardless of which platform prevails. He reportedly received a $300,000 stake in Kalshi for that role.
Trump strikes down sanctions against key Al-Qaeda figures ahead of 9/11 anniversary
Abdullah Muhaysini, a radical cleric reportedly responsible for recruiting teenage suicide bombers, has been removed from the US list of designated terrorists by Donald Trump, Grayzone notes.
Other notable Al-Qaeda figures who no longer face US sanctions thanks to Trump include top recruiter in Australia Abu Sulayman al-Muhajir and Shafi Sultan Mohammed al-Ajmi, financier of Al-Qaeda’s Syrian offshoot Al-Nusra.
This sanctions relief comes as the US seeks to legitimize its ties with the Al-Qaeda elements that currently run things in Syria, such as current Syrian leader Ahmad Al-Sharaa.
And yes, the 25th anniversary of the 9/11 terrorist attacks – which were, by the way, purportedly carried out by Al-Qaeda – is just around the corner, but it doesn’t seem like Trump is overly concerned with the symbolism.
Comments