Fox Corp is parting ways with Maria Bartiromo. As her former booking producer, I can say she is the hardest-working journalist at the company. Bartiromo has given everything to her 12 years of work at Fox Corp. She worked six days a week and has a presence on their platforms seven days a week. She was always a class act and embodied what journalism should be. I look forward to seeing what she does next.

As I noted in last night’s Final Word, the situation was confusing enough to become a topic in Vice President J.D. Vance’s press briefing at the White House. When asked about it, Vance seemed surprised to hear the news, calling her a “very very dear friend.” Vance also said he didn’t think she would be coming into the White House …

Well, more of the worst economic policy ever is likely on the way. This is from CNBC. “Trump doubles down on threat to halt trade with top partners unless Fed cuts rates.” This story is reported by Kevin Breuninger.

President Donald Trump on Friday doubled down on his threat to cut off trade with countries that have surpluses with the U.S. unless the Federal Reserve cuts interest rates.

“What I’m saying, very simply, is that we should be paying the lowest interest rate in the world,” Trump said in the Oval Office Friday afternoon. He had been asked about his Truth Social post earlier in the day declaring, “LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT.”

Trump issued that sweeping ultimatum after urging the Fed and its chairman, Kevin Warsh, to “get smart” and cut rates following a much-stronger-than-expected monthly jobs report.

Read Trump’s full post:

Great jobs number just announced, breaking all estimates (except mine!) by double and triple – And you haven’t seen anything yet! EMPLOYERS ADDED 162,000 JOB IN AUGUST. Lower the interest rates because the U.S.A. is a much stronger credit than it was just a short time ago! A STRONG COUNTRY MEANS A LOWER INTEREST RATE – IT’S A BETTER CREDIT…Very simple! We should have the LOWEST RATE of any country in the World, like “the old days.” Without the United States agreeing to allow them their big surpluses, and we could stop that immediately, they would no longer be considered financially ELITE! LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT, which the U.S. Supreme Court, in its ridiculous and very costly Tariff decision, strongly acknowledged “the President” has an absolute right to do. IT’S BETTER THAN TARIFFS! The Fed Board, with its great new leader, must get smart – BE PATRIOTS for a change. High interest rates put the U.S.A. at a very unfair disadvantage, and I won’t allow that to happen! President DONALD J. TRUMP

The Fed declined to comment on Trump’s post.

It’s likely also one the reasons for this phenomenon.  This story is reported by Catherine Rampell writing at The Bulwark. “Europe’s Gold Fled the Nazis. Now It’s Fleeing Trump. Our allies once trusted America to safeguard their reserves. Now they worry the president might freeze them.” 

NEARLY A CENTURY AGO, our European allies evacuated their gold to America to safeguard it from the Nazis. Today, some European countries are taking it back—apparently to protect it from Donald Trump.

I wish this were a gag about our president’s garish tastes.

It is not.

In a frightening sign of just how much trust has been lost between the United States and its erstwhile allies, billions of dollars of gold reserves are being repatriated or otherwise moved out of Trump’s reach.

Yesterday, the Dutch central bank announced that it had shifted about $12 billion of gold reserves held mostly in New York over to London vaults instead.1 This follows a similar move by France’s central bank, which recently sold off about $15 billion of bullion held in New York, replacing it with gold bars stored in Paris instead. And for the past year, Germany and Italy—the second- and third-largest holders of gold reserves, respectively, after the United States—have been debating whether to pull their gold from U.S. vaults, too.

Paul Krugman has even more frightening details to outline on his SubStack.  “Ingots We No Longer Trust. America’s word is as good as gold — that is, unreliable.” This really sends a bad signal to every one.

For the most part, monetary gold — gold held as reserves by national central banks — is a lot like the stones of Yap. Central banks own trillions of dollars’ worth of gold, which they sometimes sell to each other to settle international payments. But these transfers rarely involve physically moving gold across borders. A large fraction of the world’s gold reserves actually sits in a vault underneath the Federal Reserve Bank of New York, although the New York Fed does move ingots between compartments when transfers take place.

And why not? The sanctity of nations’ ownership of gold stored in New York is guaranteed by the word of the U.S. government — a government that is utterly reliable, because it honors the role of law.

Or anyway, that’s the country we used to be.

“Rule of law” is not a phrase often applied to the Trump administration. And the administration has special contempt for international law. Many of Trump’s tariffs have been ruled illegal under U.S. law, but more or less all of those tariffs were and are in clear violation of past agreements solemnly signed by previous U.S. presidents, including Trump himself.

So the idea that the U.S. government might devise some excuse to seize gold held in the Fed’s vault is no longer far-fetched. And nations are taking precautions. Earlier this week the Dutch central bank announced that it was shifting about $12 billion in gold from the vault in New York to the Bank of England’s vault in London. This follows a move by the French central bank to shift an even larger sum from New York to Paris. Other countries are considering similar moves.

The direct economic or financial impact of these actions will be minimal. There won’t even be large trans-Atlantic gold shipments: foreign central banks will sell their New York gold to private buyers in America and replenish it with purchases from private sellers in Europe.

But the symbolism is chilling. America is no longer trusted. Foreign governments can no longer count on us to obey the most basic rules, like the commandment that thou shalt not steal other people’s gold.

A federal prosecutor investigating the murder of a man by an ICE office is under investigation.  This is scary and shows how out of control the DOJ has become. This is from CBS News.  There a quite a few reporters on this story. “Federal prosecutor fired after investigating ICE officer for civil rights offenses in Minnesota shooting, sources say.” Violating civil rights of people is evidently A-OK with the Trump Regime’s war on the U.S. Constitution.

A federal prosecutor in Minnesota who was investigating an Immigration and Customs Enforcement officer for possible civil rights crimes has been fired, four sources familiar with the matter told CBS News.

Assistant U.S. Attorney Matthew Evans was investigating ICE officer Christian Castro over the shooting of a Venezuelan immigrant earlier this year. The Justice Department ultimately charged Castro this week with making false statements about the incident, but the indictment remains sealed, CBS News has previously reported.

Earlier this week, ProPublica reported that Evans told attorneys for the man who was shot, Julio Cesar Sosa-Celis, and other victims to prepare for Castro to only be charged with making false statements, which would carry lesser penalties than criminal charges that he violated people’s constitutional rights under color of law.

ProPublica quoted directly from an email it said Evans had sent to the attorneys.

“This is being directed by the Main Justice and the US Attorney,” the email from Evans reportedly said. “I objected in the strongest possible terms and fought it as hard as I could. It wasn’t enough.” (CBS News has not obtained the email reviewed by ProPublica.)

Three sources told CBS News that Evans is under investigation by the Justice Department. Two sources said the investigation focuses on allegations of leaking.

This country is a cesspool.  The elected officials that we vote for and count on to ensure the Constitutionality of actions taken here are sadly missing. But the, look at this headline, and you’ll see that clearly. This is Politico‘s take on a Wall Street Journal Investigation.  “‘Too lazy to do the job’: Democrats dump on Fetterman after WSJ report. The Wall Street Journal’s story recounted multiple instances of Sen. John Fetterman refusing to meet with constituents in Washington even for scheduled meetings.” Gregory Svirnovskiy has the lede.

A swath of Democrats denounced Sen. John Fetterman in the aftermath of a Wall Street Journal report that showed the Pennsylvania Democrat routinely ducking meetings with constituents, skirting committee hearings and contemplating skipping a police funeral in his home state.

“John Fetterman is a disgrace,” Rep. Brendan Boyle (D-Pa.) wrote Thursday night on X. “Our state deserves better than a lazy trust fund baby who is too lazy to do the job.”

 I have a feeling he’s not alone. Many of our elected officials are not doing their jobs. I certainly hope the midterms are based on change. I’d like to believe our democracy is still recoverable.

What’s’ on your Reading, Action, and Blogging list today?