Tuesday, November 10, 2026

Trump: Hegseth Should Be Praised, Not Impeached (Connecting the Dots: Thomas Massie, Iran, Venezuela, Yemen & The Carnegie/Soros Network)

Trump: Hegseth Should Be Praised, Not Impeached (Connecting the Dots: Thomas Massie, Iran, Venezuela, Yemen & The Carnegie/Soros Network)

Newsmax.com

By Charlie McCarthy    |   Tuesday, 10 November 2026 08:12 AM EST

https://www.newsmax.com/politics/donald-trump-war-secretary-pete-hegseth/2026/11/10/id/1275744/

President Donald Trump said Pete Hegseth "should be praised, not Impeached" and called on lawmakers to "stand up" for the War Secretary.

Trump defended Hegseth on Truth Social after Rep. Thomas Massie, R-Ky., moved Monday to force a House vote on eight articles of impeachment against the Pentagon chief over military operations in Iran, Venezuela, and Yemen.

"Defeated Republican Congressman Thomas Massie, a total loser, is trying to Impeach perhaps the most popular and successful military official in the Country, Secretary of War, Pete Hegseth," Trump wrote Monday night.

"With recruitment at an ALL-TIME HIGH, from an all-time low under Sleepy Joe Biden, and TWO VICTORIES, Venezuela and Iran, Pete Hegseth should be praised, not Impeached. Congress, stand up for Pete!!!"

Massie's impeachment effort comes less than a week after Democrats' sweeping midterm victories, which will give them control of both chambers of Congress in January.

The Kentucky Republican, who lost his reelection bid, accuses Hegseth of abusing his authority and conducting military operations without congressional authorization.

Massie told Newsmax in an exclusive interview Monday that he had made only clerical changes to the articles of impeachment originally introduced in September.

"We haven't changed the substance at all," Massie told Newsmax congressional correspondent Kilmeny Duchardt.

Massie acknowledged having no formal co-sponsors but suggested Republicans who lost their reelection bids or narrowly won might support his effort.

Hegseth dismissed the impeachment threat Monday after a speech at the Naval War College in Rhode Island.

"My team, we're not worried about the noise," Hegseth told reporters.

He defended Trump's military campaigns, arguing that confronting Iran's nuclear ambitions required decisive action.

Trump defended his War Secretary on Sunday, saying Hegseth was responsible for military successes.

"He's guilty of two things, basically winning two wars," Trump told reporters.

House Speaker Mike Johnson, R-La., also condemned Massie's effort, calling it a "terrible, terrible look" during ongoing military operations.

"We don't impeach Cabinet secretaries for political gain or for cheap tricks," Johnson said.

House Republicans could move to table the impeachment resolution or refer it to a committee, potentially blocking a direct vote as early as Wednesday.

The Associated Press contributed to this report.

Thomas Massie

https://en.wikipedia.org/wiki/Thomas_Massie

Thomas Harold Massie (born January 13, 1971) is an American politician. A member of the Republican Party, Massie has been the United States representative for Kentucky's 4th congressional district since 2012.

Early life and education

Massie earned a Bachelor of Science in electrical engineering in 1993 and a Master of Science in mechanical engineering in 1996 from the Massachusetts Institute of Technology.[12][13] His master's thesis was titled, "Initial haptic explorations with the phantom: virtual touch through point interaction."[14] His work at MIT focused on 3D human-computer interaction through the use of haptic-enabled input devices.[15] In 1990, he participated in the MIT Solar Electric Vehicle Team, helping to build the team's car, Galaxy. He drove Galaxy in the 1990 GM Sunrayce, finishing at Churchill Downs after ten days, winning sixth place.

Connecting the Dots:

Thomas Massie is a United States representative for Kentucky's 4th congressional district and received his BS & MS from the Massachusetts Institute of Technology (MIT).

Corporation of the Massachusetts Institute of Technology is the governing body for the Massachusetts Institute of Technology (MIT).

Alan G. Spoon is a member of the Corporation of the Massachusetts Institute of Technology and was a trustee at the Committee for Economic Development.

Thomas P. Gerrity was a member of the Corporation of the Massachusetts Institute of Technology and is a trustee at the Committee for Economic Development and

Shirley Ann Jackson is a life member of the Corporation of the Massachusetts Institute of Technology and was a trustee at the Committee for Economic Development.

Letitia James is the chair for the Committee on Economic Development and the Attorney General of New York 

Foundation to Promote Open Society was a funder for the Committee for Economic Development and the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society. 

Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Breene M. Kerr was an honorary trustee at the Brookings Institution (think tank) and a life member emeritus for the Corporation of the Massachusetts Institute of Technology.

Laura D'Andrea Tyson was a trustee at the Brookings Institution (think tank) and a member of the Corporation of the Massachusetts Institute of Technology.

Louis W. Cabot is an honorary trustee at the Brookings Institution (think tank) and was a life member emeritus for the Corporation of the Massachusetts Institute of Technology.

Shirley Ann Jackson is a trustee at the Brookings Institution (think tank) and a life member of the Corporation of the Massachusetts Institute of Technology.

Vernon E. Jordan Jr. is an honorary trustee at the Brookings Institution (think tank), Valerie B. Jarrett’s great uncle and a senior counsel for Akin, Gump, Strauss, Hauer & Feld, LLP.

Akin, Gump, Strauss, Hauer & Feld, LLP is the lobby firm for the United Arab Emirates.

League of Arab States is a member of the United Arab Emirates.

Yemen is a member of the League of Arab States.

William A. Rugh was the U.S. ambassador for the United Arab Emirates and the U.S. ambassador for Yemen.

Valerie B. Jarrett is Vernon E. Jordan Jr’s great niece, a member of the Commercial Club of Chicago and was the senior adviser for the Barack Obama administration.

Cyrus F. Freidheim Jr. is a member of the Commercial Club of Chicago and an honorary trustee at the Brookings Institution (think tank).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society. 

Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Stephen Hess is a senior fellow emeritus at the Brookings Institution (think tank) and is an advisory board member for the Joan Shorenstein Center on the Press, Politics and Public Policy.

E.J. Dionne is a senior fellow at the Brookings Institution (think tank) and an advisory board member for the Joan Shorenstein Center on the Press, Politics and Public Policy.

Hushang Ansary is an advisory board member for the Joan Shorenstein Center on the Press, Politics and Public Policy and was the minister of economic affairs for Iran.

Mahmoud Ahmadinejad was the president of Iran and is mocked in Iran So Far.

Iran So Far is a short video on Saturday Night Live.

Andy Samberg is the creator & actor for Iran So Far and was a cast member on Saturday Night Live.

Terrence Turner is a writer for Saturday Night Live and was a contributor for the American Bridge 21st Century.

George Soros was a contributor for the American Bridge 21st Century, is a board member for the International Crisis Group, a member of the Bretton Woods Committee and the founder & chairman for the Open Society Foundations. 

Leslie H. Gelb was a board member for the International Crisis Group and is an advisory board member for United Against Nuclear Iran.

Moises Naim was a board member for the International Crisis Group, a minister of trade and industry for Venezuela is a member of the Bretton Woods Committee, a global board member for the Soros Open Society Foundations and a fellow at the Carnegie Endowment for International Peace (think tank).

Open Society Foundations was a funder for the Carnegie Endowment for International Peace (think tank).

George Soros is the founder & chairman for the Open Society Foundations and was the chairman for the Foundation to Promote Open Society. 

Foundation to Promote Open Society was a funder for the Carnegie Endowment for International Peace (think tank).

Carnegie Corporation of New York was a funder for the Carnegie Endowment for International Peace (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York and the founder of the Carnegie Endowment for International Peace (think tank).

James F. Collins is a senior associate at the Carnegie Endowment for International Peace (think tank) and was a senior advisor for Akin, Gump, Strauss, Hauer & Feld, LLP.

Akin, Gump, Strauss, Hauer & Feld, LLP is the lobby firm for the United Arab Emirates.

League of Arab States is a member of the United Arab Emirates.

Yemen is a member of the League of Arab States.

William A. Rugh was the U.S. ambassador for the United Arab Emirates and the U.S. ambassador for Yemen.

Akin, Gump, Strauss, Hauer & Feld, LLP is the lobby firm for the United Arab Emirates.

Vernon E. Jordan Jr. is a senior counsel for Akin, Gump, Strauss, Hauer & Feld, LLP, Valerie B. Jarrett’s great uncle and an honorary trustee at the Brookings Institution (think tank).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society. 

Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Stephen Hess is a senior fellow emeritus at the Brookings Institution (think tank) and is an advisory board member for the Joan Shorenstein Center on the Press, Politics and Public Policy.

E.J. Dionne is a senior fellow at the Brookings Institution (think tank) and an advisory board member for the Joan Shorenstein Center on the Press, Politics and Public Policy.

Hushang Ansary is an advisory board member for the Joan Shorenstein Center on the Press, Politics and Public Policy and was the minister of economic affairs for Iran.

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society. 

Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Breene M. Kerr was an honorary trustee at the Brookings Institution (think tank) and a life member emeritus for the Corporation of the Massachusetts Institute of Technology.

Laura D'Andrea Tyson was a trustee at the Brookings Institution (think tank) and a member of the Corporation of the Massachusetts Institute of Technology.

Louis W. Cabot is an honorary trustee at the Brookings Institution (think tank) and was a life member emeritus for the Corporation of the Massachusetts Institute of Technology.

Shirley Ann Jackson is a trustee at the Brookings Institution (think tank) and a life member of the Corporation of the Massachusetts Institute of Technology.

Corporation of the Massachusetts Institute of Technology is the governing body for the Massachusetts Institute of Technology (MIT).

Thomas Massie received his BS & MS from the Massachusetts Institute of Technology (MIT) and is a United States representative for Kentucky's 4th congressional district.

Corporation of the Massachusetts Institute of Technology is the governing body for the Massachusetts Institute of Technology (MIT).

Alan G. Spoon is a member of the Corporation of the Massachusetts Institute of Technology and was a trustee at the Committee for Economic Development.

Thomas P. Gerrity was a member of the Corporation of the Massachusetts Institute of Technology and is a trustee at the Committee for Economic Development.

Shirley Ann Jackson is a life member of the Corporation of the Massachusetts Institute of Technology and was a trustee at the Committee for Economic Development.

Letitia James is the chair for the Committee on Economic Development and the Attorney General of New York 

Foundation to Promote Open Society was a funder for the Committee for Economic Development and the International Rescue Committee.

George Soros was the chairman for the Foundation to Promote Open Society and is a board member for the International Crisis Group.

Leslie H. Gelb was a board member for the International Crisis Group, a reporter, columnist & op-ed page editor for the New York Times and is an advisory board member for United Against Nuclear Iran.

Samantha Power was a board member for the International Crisis Group, a director at the International Rescue Committee, the United Nations U.S. ambassador for the Barack Obama administration and is married to Cass R. Sunstein.

Michael J. Gerson was a director at the International Rescue Committee and is an advisory board member for United Against Nuclear Iran.

Walter Russell Mead is an advisory board member for United Against Nuclear Iran and a director at the New America Foundation.

Jonathan Soros is a director at the New America Foundation and George Soros’s son.

Foundation to Promote Open Society was a funder for the New America Foundation.

George Soros was the chairman for the Foundation to Promote Open Society, is Jonathan Soros’s father, the founder & chairman for the Open Society Foundations and a board member for the International Crisis Group.

Open Society Foundations was a funder for the Atlantic Council of the United States (think tank).

Carnegie Corporation of New York was a funder for the New America Foundation, the Atlantic Council of the United States (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

R. James Woolsey was a director at the Atlantic Council of the United States (think tank) and an advisory board member for United Against Nuclear Iran.

Leslie H. Gelb was a board member for the International Crisis Group, is an advisory board member for United Against Nuclear Iran, an advisory board member for the Truman Center for National Policy and an advisory board member for the Truman National Security Project.

Kamala D. Harris is an advisory board member for the Truman Center for National Policy an advisory board member for the Truman National Security Project and was the vice president for the Joseph R. Biden Jr Administration.

R. Hunter Biden is a director at the Truman Center for National Policy a director at the Truman National Security Project and Joseph R. Biden Jr’s son.

Madeleine K. Albright was the president of the Truman Center for National Policy, an advisory board member of the Truman National Security Project and an overseer at the International Rescue Committee.

Foundation to Promote Open Society was a funder for the International Rescue Committee.

George Soros was the chairman for the Foundation to Promote Open Society and is the founder & chairman for the Open Society Foundations. 

Michael J. Gerson was a director at the International Rescue Committee and is an advisory board member for United Against Nuclear Iran.

International Rescue Committee is a partner with the ONE Campaign.

Morton H. Halperin is a director at the ONE Campaign, a senior adviser for the Soros Open Society Foundations and was a senior fellow at the Brookings Institution (think tank).

Lawrence H. Summers is a director at the ONE Campaign and was a trustee at the Brookings Institution (think tank).

Sheryl K. Sandberg is a director at the ONE Campaign and was a trustee at the Brookings Institution (think tank).

Ngozi Okonjo-Iweala is a director at the ONE Campaign and was a visiting fellow at the Brookings Institution (think tank).

Helene D. Gayle is a director at the ONE Campaign and a trustee at the Brookings Institution (think tank).

Foundation to Promote Open Society was a funder for the International Rescue Committee.

George Soros was the chairman for the Foundation to Promote Open Society.

Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Breene M. Kerr was an honorary trustee at the Brookings Institution (think tank) and a life member emeritus for the Corporation of the Massachusetts Institute of Technology.

Laura D'Andrea Tyson was a trustee at the Brookings Institution (think tank) and a member of the Corporation of the Massachusetts Institute of Technology.

Louis W. Cabot is an honorary trustee at the Brookings Institution (think tank) and was a life member emeritus for the Corporation of the Massachusetts Institute of Technology.

Shirley Ann Jackson is a trustee at the Brookings Institution (think tank) and a life member of the Corporation of the Massachusetts Institute of Technology.

Corporation of the Massachusetts Institute of Technology is the governing body for the Massachusetts Institute of Technology (MIT).

Thomas Massie received his BS & MS from the Massachusetts Institute of Technology (MIT) and is a United States representative for Kentucky's 4th congressional district.

Corporation of the Massachusetts Institute of Technology is the governing body for the Massachusetts Institute of Technology (MIT).

Alan G. Spoon is a member of the Corporation of the Massachusetts Institute of Technology and was a trustee at the Committee for Economic Development.

Thomas P. Gerrity was a member of the Corporation of the Massachusetts Institute of Technology and is a trustee at the Committee for Economic Development and

Shirley Ann Jackson is a life member of the Corporation of the Massachusetts Institute of Technology and was a trustee at the Committee for Economic Development.

Letitia James is the chair for the Committee on Economic Development and the Attorney General of New York.

Beth A. Brooke is a trustee at the Committee for Economic Development and a director at the White House Project.

Foundation to Promote Open Society was a funder for the Committee for Economic Development and the Human Rights Watch.

George Soros was the chairman for the Foundation to Promote Open Society, a benefactor for the Human Rights Watch and is the founder & chairman for the Open Society Foundations. 

Open Society Foundations was a funder for the Human Rights Watch.

Nicolás Maduro

https://en.wikipedia.org/wiki/Nicol%C3%A1s_Maduro

Nicolás Maduro was accused of leading an authoritarian government, characterized by electoral fraud, human rights abuses, corruption, censorship and severe economic hardship.[32] The United Nations (UN) and Human Rights Watch have alleged that under Maduro's administration, thousands of people died in extrajudicial killings and seven million Venezuelans fled the country due to economic collapse and was the president of Venezuela.

Gara LaMarche was the VP & director of U.S. programs for the Soros Open Society Foundations, an associate director at the Human Rights Watch and a director at the White House Project.

Daisy Khan was a director at the White House Project, is a developer for Park51, an executive director for the American Society for Muslim Advancement (ASMA) and married to Feisal Abdul Rauf.

Carnegie Corporation of New York was a supporter for the American Society for Muslim Advancement (ASMA).

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Feisal Abdul Rauf is the Founder and Chairman of the American Society for Muslim Advancement (ASMA), married to Daisy Khan, a developer for Park51 and the founder & chairman of the Cordoba Initiative. 

American Society for Muslim Advancement

Source Watch

https://www.sourcewatch.org/index.php?title=American_Society_for_Muslim_Advancement

John S. Bennett is a Co-founder of the Cordoba Initiative and was Vice President of the Aspen Institute (think tank).

Carnegie Corporation of New York was a supporter for the American Society for Muslim Advancement (ASMA) and a funder for the Aspen Institute (think tank).

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Foundation to Promote Open Society was a funder for the Aspen Institute (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Madeleine K. Albright was a trustee at the Aspen Institute (think tank), a professor at the Georgetown University School of Foreign Service and a professor at Georgetown University.

Prince Alwaleed Bin Talal Center for Muslim-Christian Understanding (ACMCU) is an interfaith institution based at the Georgetown University School of Foreign Service and was founded at Georgetown University in Washington, D.C., 1993 as the Center for Muslim-Christian Understanding. It is housed within the Georgetown University School of Foreign Service.

Professor Khalil al-Anani is a Senior Fellow at the Prince Alwaleed Bin Talal Center for Muslim-Christian Understanding (ACMCU) at the Edmund A. Walsh Georgetown University School of Foreign Service, Prof. Al-Anani has taught at several esteemed universities including Georgetown University.

Madeleine K. Albright was a professor at the Georgetown University School of Foreign Service, a professor at Georgetown University, a trustee at the Aspen Institute (think tank), the president of the Truman Center for National Policy, an advisory board member of the Truman National Security Project and an overseer at the International Rescue Committee.

International Rescue Committee is a partner with the ONE Campaign.

Kamala D. Harris is an advisory board member for the Truman Center for National Policy an advisory board member for the Truman National Security Project and was the vice president for the Joseph R. Biden Jr Administration.

R. Hunter Biden is a director at the Truman Center for National Policy a director at the Truman National Security Project and Joseph R. Biden Jr’s son.

International Rescue Committee is a partner with the ONE Campaign.

Foundation to Promote Open Society was a funder for the International Rescue Committee.

George Soros was the chairman for the Foundation to Promote Open Society and is the founder & chairman for the Open Society Foundations. 

Michael J. Gerson was a director at the International Rescue Committee and is an advisory board member for United Against Nuclear Iran.

International Rescue Committee is a partner with the ONE Campaign.

Morton H. Halperin is a director at the ONE Campaign, a senior adviser for the Soros Open Society Foundations and was a senior fellow at the Brookings Institution (think tank).

Lawrence H. Summers is a director at the ONE Campaign and was a trustee at the Brookings Institution (think tank).

Sheryl K. Sandberg is a director at the ONE Campaign and was a trustee at the Brookings Institution (think tank).

Ngozi Okonjo-Iweala is a director at the ONE Campaign and was a visiting fellow at the Brookings Institution (think tank).

Helene D. Gayle is a director at the ONE Campaign and a trustee at the Brookings Institution (think tank).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Breene M. Kerr was an honorary trustee at the Brookings Institution (think tank) and a life member emeritus for the Corporation of the Massachusetts Institute of Technology.

Laura D'Andrea Tyson was a trustee at the Brookings Institution (think tank) and a member of the Corporation of the Massachusetts Institute of Technology.

Louis W. Cabot is an honorary trustee at the Brookings Institution (think tank) and was a life member emeritus for the Corporation of the Massachusetts Institute of Technology.

Shirley Ann Jackson is a trustee at the Brookings Institution (think tank) and a life member of the Corporation of the Massachusetts Institute of Technology.

Corporation of the Massachusetts Institute of Technology is the governing body for the Massachusetts Institute of Technology (MIT).

Thomas Massie received his BS & MS from the Massachusetts Institute of Technology (MIT) and is a United States representative for Kentucky's 4th congressional district.

Corporation of the Massachusetts Institute of Technology is the governing body for the Massachusetts Institute of Technology (MIT).

Resources: Past Research

U.S. 'Aggressively' Trying to Convince Foreign Countries to Take in Gitmo Prisoners (Past Research on Yemen)

Tuesday, February 11, 2014

https://thesteadydrip.blogspot.com/2014/02/us-aggressively-trying-to-convince.html

Trump Says He Is in No Rush to Attack Iran over Nuclear Program (Connecting the Dots: United Against Nuclear Iran, Iran, The New York Times & Soros Funding, All Networking) (Past Research on Iran)

Thursday, April 17, 2025

https://thesteadydrip.blogspot.com/2025/04/trump-says-he-is-in-no-rush-to-attack.html

Suspect in Brown University, MIT Professor Shootings Found Dead: Officials (Connecting the Dots: Brown University, Christina Paxson, Federal Reserve Bank of Boston, Massachusetts Institute of Technology (MIT) & Soros Funding, All Networking) (Past Research on the Massachusetts Institute of Technology (MIT))

Saturday, December 20, 2025

https://thesteadydrip.blogspot.com/2025/12/suspect-in-brown-university-mit.html

Venezuela, Colombia Border Areas Hopeful as Reopening Looms (Connecting the Dots: Venezuela, Colombia & Soros Funded Think Tanks) (Past Research on Venezuela)

Monday, August 22, 2022

https://thesteadydrip.blogspot.com/2022/08/venezuela-colombia-border-areas-hopeful.html

Dr. Morton Halperin – J Street Education Fund (Connecting the Dots: J Street, Morton Halperin, The Open Society Foundations, Newsmax’s Mark Halperin, Rhonda (Randi) Weingarten, The ONE Campaign, MSNBC, ACLU, The Carnegie & Soros Funding) (Past Research on the ONE Campaign)

Tuesday, June 17, 2025

https://thesteadydrip.blogspot.com/2025/06/dr-morton-halperin-j-street-education.html

White House Project (Connecting the Dots: White House Project, American Society for Muslim Advancement, Ted Turner, CNN, Jane Fonda A.K.A. Hanoi Jane, Rockefeller Family Fund, USSR, Communist Party & Soros Funding, All Networking) (Past Research on the White House Project & the Human Rights Watch)

Sunday, October 15, 2023

https://thesteadydrip.blogspot.com/2023/10/white-house-project-connecting-dots.html

Saudi Arabia’s Richest Man With Ties to Barack Obama Thrown in Jail (Connecting the Dots: Prince Alwaleed Bin Talal Center for Muslim-Christian Understanding (ACMCU), Ritz Carlton, Prince Alwaleed bin Talal, Cosmos Club, Senator Abdul El-Sayed, The Paul & Daisy Soros Fellowships for New Americans & The Carnegie/Soros Network) (Past Research on the Carnegie Corporation of New York & the Prince Alwaleed Bin Talal Center for Muslim-Christian Understanding (ACMCU))

Sunday, November 8, 2026

https://thesteadydrip.blogspot.com/2026/11/saudi-arabias-richest-man-with-ties-to.html

Monday, November 9, 2026

Nasdaq Plunges Into Correction Territory, Dow Drops More Than 1,800 Points (Connecting the Dots: The Nasdaq, The Belizean Grove, The Bohemian Club, The Alfalfa Club, The Carlyle Group, The Economic Club of Washington & The Carnegie/Soros Network)

Nasdaq Plunges Into Correction Territory, Dow Drops More Than 1,800 Points (Connecting the Dots: The Nasdaq, The Belizean Grove, The Bohemian Club, The Alfalfa Club, The Carlyle Group, The Economic Club of Washington & The Carnegie/Soros Network)

U.S. stocks experienced a sharp reversal from the previous day’s post-election rally.

The Epoch Times

Andrew Moran

11/5/2026|Updated: 11/5/2026

Traders work on the floor of the New York Stock Exchange during morning trading in New York City, on Sept. 16, 2026. Michael M. Santiago/Getty Images

https://www.theepochtimes.com/business/nasdaq-plunges-into-correction-territory-as-wall-street-dumps-tech-stocks-6118589?src_src=Morningbrief&src_cmp=mb-2026-11-06&est=%2FXEd8MZ5ZGfmdT9lcrvLgwbBT0lyRaFGZIwOEoelVzGp8dDFGF2stX9uApb2

A sell-off in tech stocks has pushed the Nasdaq composite index into correction territory.

The tech-fueled index dropped by 1,421 points, or 5.52 percent, to 24,315 on Nov. 5.

The sharp decline leaves the Nasdaq more than 10 percent below the record closing high it set last month, meeting Wall Street’s definition of a correction. But it is still up by approximately 5 percent year-to-date.

The Dow Jones Industrial Average—a 30-stock blue-chip index—erased more than 1,800 points, or 3.44 percent. The broad-market S&P 500 fell by 334 points, or 4.36 percent, to 7,353.

Both leading benchmarks remain up, by 7 percent and 7.4 percent, respectively, this year.

The Russell 2000—an index of 2,000 small-cap companies—dropped by more than 4 percent.

President Donald Trump blamed the midterm election results for one of the worst days in the U.S. stock market’s history.

“Such a sad thing to watch!” the president wrote on Truth Social. “It took so much work to get us to a level that no one has ever seen before, and then this. Your 401(k)s have, therefore, dropped.”

The sell-off follows a post-election rally a day earlier, when investors welcomed political certainty and divided government. The Dow posted its best day since April 2025, soaring by more than 1,500 points.

“Yesterday’s stock market rally in the face of the Democratic landslide made no sense. In contrast, today’s sell-off makes perfect sense. Expect more days like today,” Peter Schiff, chief economist and global strategist at Euro Pacific Asset Management, said on X.

Stocks linked to the artificial intelligence trade largely contributed to the sell-off. Other sectors—consumer staples, energy, healthcare, and utilities—held steady.

Investors may be concerned that a federal- and state-level blue wave that swept through midterm elections could threaten the AI boom. A chorus of lawmakers has argued for more AI regulation, and some have gone as far as to call for a moratorium on data-center construction.

Shares of chipmakers Advanced Micro Devices, Broadcom, Nvidia, and Qualcomm slumped. The widely watched iShares Semiconductor ETF—a popular index composed of chipmakers—fell by about 12 percent.

Neocloud companies—CoreWeave, IREN, and Nebius, for example—also plummeted. The industry—cloud computing providers built for immense AI workloads—has been beaten in recent weeks over concerns that these companies will be unable to borrow money to fund their infrastructure buildout.

Elon Musk’s SpaceX and Tesla Motors, meanwhile, both suffered steep losses.

Several major U.S. tech stocks are officially in a bear market, meaning down by at least 20 percent from their recent peaks.

The sell-off occurred despite a solid third-quarter earnings season, as a majority of S&P 500 companies that have reported their financials have beaten expectations.

The market narrative has ostensibly shifted from “AI changes everything” to “Blue wave means data centers will never be built again in this country,” said Chris Zaccarelli, chief investment officer for Northlight Asset Management.

“We do agree that sentiment has shifted and building data centers will become more difficult, but if there is a productive business case for building them, then they will get built—and Artificial Intelligence will continue to be a more important part of the technology solutions that businesses use every day,” Zaccarelli told The Epoch Times in an emailed note.

The situation is a lot more “nuanced” than the market’s behavior, he added.

Leverage and Sentiment

The sell-off stems from record leverage and weakening market sentiment, according to popular financial newsletter The Kobeissi Letter.

“Sentiment is the ultimate driver of price,” it said on X.

“For months, we have been commenting on the historic levels of leverage in today’s markets. This is precisely what happens when sentiment reverses in an overleveraged market.”

Margin debt—the amount investors borrow from their brokerage accounts—was the second-highest level on record in September, according to Financial Industry Regulatory Authority data. Margin debt was $1.48 trillion, up from $1.45 trillion in the previous month.

Traders sought shelter from the red ink by rotating into U.S. Treasury bonds. Yields were mostly red across the board, with the benchmark 10-year sliding below 4.84 percent.

Gold and silver prices were mixed. The yellow metal ticked up by 0.8 percent and silver declined by 0.7 percent.

Wall Street will turn its attention to employment data on Nov. 6 as the October jobs report will be released.

Economists are penciling in a gain of 65,000 new jobs and an unemployment rate of 4.2 percent.

Connecting the Dots:

Deborah L. Wince-Smith was a director at Nasdaq Inc., a director at the NASDAQ Stock Market Inc. and is a member of the Belizean Grove.

NASDAQ Stock Market Inc. is the former name of Nasdaq Inc.

Merit E. Janow was a director at the NASDAQ Stock Market Inc. and is a member of the Belizean Grove.

Henrietta Holsman Fore is a member of the Belizean Grove and a trustee at the Aspen Institute (think tank).

Belizean_Grove is the equivalent to the male-only social group, the Bohemian Club.

Henry A. Kissinger was a member of the Bohemian Club and a lifetime trustee at the Aspen Institute (think tank).

Foundation to Promote Open Society was a funder for the Aspen Institute (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Carnegie Corporation of New York was a funder for the Aspen Institute (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Walter Isaacson was the president & CEO for the Aspen Institute (think tank), the chairman & CEO for CNN and a director at the Bloomberg Family Foundation.

Bloomberg Family Foundation was a funder for the Aspen Institute (think tank).

Michael R. Bloomberg is the founder of the Bloomberg Family Foundation and a member of the Alfalfa Club.

Jeb Bush is a director at the Bloomberg Family Foundation, a member of the Alfalfa Club and George H.W. Bush’s son.

Dianne Feinstein was a member of the Alfalfa Club, a U.S. Senate senator and

married to Richard C. Blum.

Richard C. Blum was married to Senator Dianne Feinstein and an honorary trustee at the Brookings Institution (think tank).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Vernon E. Jordan Jr. is an honorary trustee at the Brookings Institution (think tank), a senior counsel at Akin, Gump, Strauss, Hauer & Feld, LLP, and was the president of the Economic Club of Washington.

Akin, Gump, Strauss, Hauer & Feld, LLP was the lobby firm for Nasdaq Inc.

David M. Rubenstein is co-chairman for the Brookings Institution (think tank), the president of the Economic Club of Washington, a co-founder & co-CEO for the Carlyle Group and the president of the Alfalfa Club.

George H.W. Bush was an adviser for the Carlyle Group, a member of the Alfalfa Club, Jeb Bush’s father and a member of the Bohemian Club.

Jerome H. Powell (Jay) was a partner at the Carlyle Group and the Chairman for the Federal Reserve System.

Belizean_Grove is the equivalent to the male-only social group, the Bohemian Club.

Deborah L. Wince-Smith is a member of the Belizean Grove, was a director at the NASDAQ Stock Market Inc. and a director at Nasdaq Inc.

Merit E. Janow is a member of the Belizean Grove and was a director at the NASDAQ Stock Market Inc.

NASDAQ Stock Market Inc. is the former name of Nasdaq Inc.

Sonia Sotomayor a member of the Belizean Grove, is a justice for the U.S. Supreme Court and a member of the Phi Beta Kappa Society.

Sandra Day O'Connor was an associate justice for the U.S. Supreme Court and

 the president of the Alfalfa Club.

Belizean_Grove is the equivalent to the male-only social group, the Bohemian Club.

George H.W. Bush was a member of the Bohemian Club, a member of the Phi Beta Kappa Society, a member of the Alfalfa Club and Jeb Bush’s father.

Henry A. Kissinger was a member of the Bohemian Club and a lifetime trustee at the Aspen Institute (think tank).

Foundation to Promote Open Society was a funder for the Aspen Institute (think tank) and the Brookings Institution (think tank). 

George Soros was the chairman for the Foundation to Promote Open Society.

Carnegie Corporation of New York was a funder for the Aspen Institute (think tank), the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Walter Isaacson was the president & CEO for the Aspen Institute (think tank), the chairman & CEO for CNN and a director at the Bloomberg Family Foundation.

Bloomberg Family Foundation was a funder for the Aspen Institute (think tank).

David M. Rubenstein was a benefactor at the Aspen Institute (think tank), is the president of the Alfalfa Club, a co-founder & co-CEO for the Carlyle Group, the president of the Economic Club of Washington, co-chairman for the Brookings Institution (think tank). 

George H.W. Bush was a member of the Alfalfa Club, an adviser for the Carlyle Group, Jeb Bush’s father and a member of the Bohemian Club.

Jerome H. Powell (Jay) was a partner at the Carlyle Group and the Chairman for the Federal Reserve System.

Edward J. Mathias is a managing director at the Carlyle Group and a director at the Economic Club of Washington.

Vernon E. Jordan Jr. was the president of the Economic Club of Washington, is an honorary trustee at the Brookings Institution (think tank) and a senior counsel at Akin, Gump, Strauss, Hauer & Feld, LLP.

Akin, Gump, Strauss, Hauer & Feld, LLP was the lobby firm for Nasdaq Inc.

Deborah L. Wince-Smith was a director at Nasdaq Inc., a director at the NASDAQ Stock Market Inc. and is a member of the Belizean Grove.

NASDAQ Stock Market Inc. is the former name of Nasdaq Inc.

Merit E. Janow was a director at the NASDAQ Stock Market Inc. and is a member of the Belizean Grove.

Henrietta Holsman Fore is a member of the Belizean Grove and a trustee at the Aspen Institute (think tank).

Belizean_Grove is the equivalent to the male-only social group, the Bohemian Club.

Henry A. Kissinger was a member of the Bohemian Club and a lifetime trustee at the Aspen Institute (think tank).

Foundation to Promote Open Society was a funder for the Aspen Institute (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Carnegie Corporation of New York was a funder for the Aspen Institute (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Walter Isaacson was the president & CEO for the Aspen Institute (think tank), the chairman & CEO for CNN and a director at the Bloomberg Family Foundation.

Bloomberg Family Foundation was a funder for the Aspen Institute (think tank).

Michael R. Bloomberg is the founder of the Bloomberg Family Foundation and a member of the Alfalfa Club.

Jeb Bush is a director at the Bloomberg Family Foundation, a member of the Alfalfa Club and George H.W. Bush’s son.

Dianne Feinstein was a member of the Alfalfa Club, a U.S. Senate senator and

married to Richard C. Blum.

Richard C. Blum was married to Senator Dianne Feinstein and an honorary trustee at the Brookings Institution (think tank).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Vernon E. Jordan Jr. is an honorary trustee at the Brookings Institution (think tank), a senior counsel at Akin, Gump, Strauss, Hauer & Feld, LLP, and was the president of the Economic Club of Washington.

Akin, Gump, Strauss, Hauer & Feld, LLP was the lobby firm for Nasdaq Inc.

Resources: Past Research

Donald Trump: People Should Sue ABC for Stock Market Crash Triggered by Fake News (Past Research on the Nasdaq Inc)

Monday, December 4, 2017

https://thesteadydrip.blogspot.com/2017/12/donald-trump-people-should-sue-abc-for.html

Saudi Arabia’s Richest Man With Ties to Barack Obama Thrown in Jail (Connecting the Dots: Prince Alwaleed Bin Talal Center for Muslim-Christian Understanding (ACMCU), Ritz Carlton, Prince Alwaleed bin Talal, Cosmos Club, Senator Abdul El-Sayed, The Paul & Daisy Soros Fellowships for New Americans & The Carnegie/Soros Network) (Past Research on the Carnegie Corporation of New York)

Sunday, November 8, 2026

https://thesteadydrip.blogspot.com/2026/11/saudi-arabias-richest-man-with-ties-to.html

Jeb Bush: Michael Bloomberg A ‘Good Man’ And A ’Patriot’ (Past Research on Jeb Bush)

Sunday, January 24, 2016

https://thesteadydrip.blogspot.com/2016/01/jeb-bush-michael-bloomberg-good-man-and.html

Supreme Court Removes Block on Judgment Involving Late Filipino Leader’s $40 Million (Connecting the Dots: Supreme Court Justice Sonia Sotomayor, The U.S. Supreme Court Justice’s, Their Secret Societies, Merrill Lynch, The Philippines & Soros Funding, All Networking) (Past Research on Sonia Sotomayor & the Belizean Grove)

Tuesday, November 18, 2025

https://thesteadydrip.blogspot.com/2025/11/supreme-court-removes-block-on-judgment.html

Kevin Warsh Sworn In as Fed Chair (Connecting the Dots: Kevin Warsh, Jerome Powell, Federal Reserve, Booz Allen Hamilton, The Carlyle Group, George H.W. Bush, Cravath, Swaine & Moore, Barack Obama, Salon, George W. Bush & The Carnegie/Soros Network) (Past Research on the Carlyle Group)

Saturday, May 30, 2026

https://thesteadydrip.blogspot.com/2026/05/kevin-warsh-sworn-in-as-fed-chair.html

WH: Smithsonian 'Woke' Purge to Expand to Other Museums (Connecting the Dots: The Smithsonian Institution, Museums, National Zoo, Pelosi, David Rubenstein, Joe Biden, Mike Pence & Soros Funding, All Networking) (Past Research on David Rubenstein)

Wednesday, August 20, 2025

https://thesteadydrip.blogspot.com/2025/08/wh-smithsonian-woke-purge-to-expand-to.html

Alfalfa Club

https://en.wikipedia.org/wiki/Alfalfa_Club

David Rubenstein is the president of the Alfalfa Club.