DOJ Targets BLM Over Alleged Fraud plus a 401(k) Shake-Up as Gold, Silver & Crypto Enter Retirement Portfolios
The Ben Ferguson Podcast
iHeartPodcasts
4.9 • 4.7K Ratings
🗓️ 9 November 2025
⏱️ 29 minutes
🧾️ Download transcript
Summary
1. ⚖️ DOJ Investigation into Black Lives Matter
- The Department of Justice is reportedly investigating BLM Global Network Foundation for potential misuse of donations received during the 2020 racial justice protests.
- Allegations include:
- Purchase of a $6 million mansion.
- Hosting personal parties at the property.
- Lack of transparency in financial reporting.
- The investigation began under the Biden administration and gained renewed attention under Trump.
- BLM denies being the target of a criminal probe and claims commitment to transparency.
2. 💰 Precious Metals & Interest Rates
- Kurt Elliott discusses how the Federal Reserve’s interest rate cuts are boosting gold and silver markets.
- Key points:
- Silver surged to $54/oz, then corrected.
- Demand is rising due to upcoming 401(k) rule changes allowing alternative assets like crypto, real estate, and metals.
- London Bullion Market Association (LBMA) is reportedly out of silver, raising concerns about supply chain disruptions.
- Elliott speculates that China and India may be strategically withholding silver to undermine London’s dominance in global metals trading.
3. 🕵️ Jack Smith & DOJ Subpoenas of Trump Media
- Devin Nunes and Donald Trump accuse Special Counsel Jack Smith of abusing power by subpoenaing Trump Media & Technology Group (TMTG) banking records.
- Allegations include:
- Subpoenas issued for records before TMTG existed.
- Surveillance of over 400 Trump-linked individuals.
- Lack of transparency and potential constitutional violations.
- Rep. Jim Jordan criticizes the DOJ and FBI for redactions and lack of accountability, calling for depositions and investigations into the scope and legality of the subpoenas.
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Transcript
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| 0:00.0 | This is an IHeart podcast. |
| 0:03.9 | The Department of Justice we now have learned is investigating Black Lives Matter. |
| 0:10.8 | Why? |
| 0:11.5 | For the misuse, they're saying, of donations. |
| 0:15.8 | The Justice Department is probing whether Black Lives Matter defrauded donors who sent the organization |
| 0:22.0 | millions of dollars during the racial justice protests in 2020, this coming from the Associated |
| 0:28.8 | Press. We also know that federal law enforcement authorities have issued subpoenas and served a search |
| 0:36.3 | warrant as part of an investigation into Black Lives |
| 0:39.0 | Matter, the Global Network Foundation Inc. That helped ignite the protests in U.S. |
| 0:45.2 | cities following the death of George Floyd in Minnesota in May of 2020, that coming again |
| 0:51.7 | from anonymous sources. Now, protests in some locations resulted in deaths, lots of rioting, looting, fires, and extensive property destruction. |
| 1:03.6 | According to the Associated Press, it was not clear if the investigation would result in criminal charges, but its mere existence invites fresh |
| 1:14.3 | scrutiny to a movement that in recent years has faced criticism about its public accounting |
| 1:20.7 | of donations it has received. |
| 1:23.6 | The Justice Department, by the way, has declined to comment on the report. |
| 1:27.9 | Why? Because clearly they're working on this and they don't want to tip anyone off. |
| 1:32.7 | Now, the investigation actually began, just so you understand the timeline here, in the Biden administration. |
| 1:39.5 | That according to one of the AP sources and has received renewed attention during the Trump administration. |
| 1:46.8 | The BOM Foundation said it took in over $90 million in donations following the highly publicized |
| 1:54.3 | death of George Floyd, who was seen on that viral video struggling to breathe under the knee |
| 1:59.5 | of a white Minneapolis police officer |
| 2:01.6 | who was later convicted of murder. |
... |
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