Topic: Remittances

Unearthed footage from Somali television shows Minnesota Attorney General Keith Ellison and Minneapolis Mayor Jacob Frey pledging their support and allegiance to the Somali community. In the 2014 clips, Ellison encourages viewers to send money and resources to Somalia, while Frey promises that government officials will help the community thrive. Critics argue these leaders have prioritized Somali interests and ignored large-scale fraud within the state's social programs.

Gwen Walz is criticized for her public behavior during the campaign, with the host describing her as appearing "possessed." The discussion returns to Minnesota, which is labeled "ground zero" for the milking of American taxpayers. Millions of dollars in cash are reportedly leaving the Minneapolis-St. Paul airport in suitcases bound for East Africa to fund groups like Al-Shabaab.

The House GOP has released a draft tax bill that includes a 5% remittance tax on international money transfers to fund border security. Key provisions include tax-exempt "MAGA savings accounts" for children, a tax break on overtime through 2028, and the permanent extension of the child tax credit. The bill also seeks to terminate the IRS's direct file program and strip tax-exempt status from organizations supporting terrorism.

Norm Pattis warns that the failure to trim excessive jury awards will make Connecticut a magnet for predatory lawsuits. He compares the current legal climate to Galveston, Texas, which was historically known for juries giving disproportionately large verdicts. Pattis argues that this ruling makes it "open season" on the wallets of civil defendants in the state.

The segment covers the 40% increase in gas prices under the Biden administration. Max Keiser argues that central banks are creating "neo-feudalism" by printing money to buy up productive assets. He highlights how El Salvador's adoption of Bitcoin will bypass expensive remittance services like Western Union, adding billions to their local economy.