The Federal Reserve Boondoggle

Episode Transcript

Speaker 1 (00:00):
Six seven two six six sixty eight sixty eight is
the number. Okay, this is from Larry on Messenger Jeff
Jerome Powell is to the economy as Anthony Fauci, what's
the health? Brilliant, absolutely brilliant. And then Larry goes on

(00:20):
to say another power tripping megalomaniac, well, that he's doing
tremendous damage. Powell is to the economy and he knows it,
he knows it, and he doesn't care. But on top
of it all, he's a crook. And that's why I
loved it that Trump basically called him out yesterday and again,

(00:42):
to me, this is more of a video than an
audio cut, because just the audio just doesn't quite do
justice to see Trump that annoyed look on his face,
you know, in his suit and the hard hat. And
then you got Powell who looks like a little snake
in the grass right beside him, and he's like, yeah,
we just found out it's it's not you know, it

(01:04):
went from one point nine billion to two point seven billion.
Now apparently your people are telling us three point one
three point two billion. And Pow was like just shaking
his head, like vehemently, like like you know, Trump flying,
and Trump has this annoyed look on his face, like
and you could almost read his face, like you crook,

(01:26):
you you little sister, you know. And then and they're like, no, no,
I didn't hear about this.

Speaker 2 (01:32):
No.

Speaker 1 (01:32):
And then he's just so annoyed and he pulls the
letter out of his jacket and Tim Scott's like he
can't believe it himself. And Tim Scott's like, yeah, I mean,
I'm on the committee that over I chaired the committee.
That's what your people just told us. You don't even
know what your own people are saying. And then he
gives him the letter and Trump points, look, it comes

(01:54):
from comes from your office. And then he's like, well,
that's the Martin Building. You're adding another building. And Trump's like,
that's part of the overall renovation project.

Speaker 3 (02:09):
But if what are you.

Speaker 1 (02:09):
Talking to me about? I mean, it's just it's it's unbelievable.
It's just unbelievable. They're shameless, utterly shameless. Six one seven
two six six sixty eight sixty eight. Okay, very quick,
Mark on messenger came back, I did not know this. Again,

(02:30):
this audience always teaches me things, always about the Massachusetts
Police the details, you know, on these construction sites where
nobody's working, but they're still there in their air conditioned cars.
The police are sitting back, relaxing, you know, time and
a half, double time, the whole thing. Jeff, listen to this.

(02:53):
I did not know this, Jeff. In Massachusetts, the police
details don't even have to be from the city that
they're doing the work in. This is incredible. They pull
details from all over the state of Massachusetts. In other words,
I had a friend of mine who is a police

(03:15):
officer in one city, but he did a police detail
in another city. I got to tell you, man, I
mean the way they can take money out of our pockets.
I'm serious, the creative ways they can pad their bank accounts.

(03:36):
So I just quickly, you know, I messaged him back.
I go, incredible, it really is a Hackarama, and then
he writes back, no, it's more like a racket to me. Jeff,
laugh out loud. What a racket, Honest to god, what
a racket. Lou in Rhode Island. Thanks for holding Lou

(03:59):
and welcome.

Speaker 3 (04:00):
Yeah, how you're doing, Jeff.

Speaker 2 (04:01):
This is actually an interesting topic because it goes to the.

Speaker 3 (04:04):
Heart of the Democratic Party.

Speaker 2 (04:05):
Now yesterday we were talking about you know, Hillary, she
was totally debilitated in twenty sixteen, and they were just
they were trying to get her elected anyway, right, And
and that's why they had And then twenty twenty they
managed to sneak in Biden, who was totally debilitated and
he's suffering from dementia. Because the Democratic Party is a business,

(04:27):
all they care about is whose pockets you can line,
whose votes you can buy, and what agenda they can
pursue to destabilize the country and maintain their power. That's it.
And this is why they go and get into all
these schemes. And they put like the money. For example,
you look at the look at that infrastructure bill for example,

(04:47):
it was a trillion dollar infrastructure bill. How much money
went to real infrastructure. I'm talking about roads, bridges, and airports,
real infrastructure. Fifteen percent one hundred and fifty billion dollars
out of a trillion dollar bill. The rest want to
all these green projects and all.

Speaker 4 (05:02):
This other crap.

Speaker 2 (05:03):
I mean, this is the way the Democratic Party operates.
Nobody puts nobody puts them under a microscope except for
Trump and even en Doge. That's the only time I
think in history that I remember that anybody has started
to put this stuff under a microscope and say look
what you're doing.

Speaker 3 (05:18):
And then they're.

Speaker 2 (05:19):
Building all these buildings and nobody was even going to
work in those buildings anyway. Remember, they got empty buildings,
empty buildings all over the place. They've got empty buildings
all over the country. Why can't they just prove some
operations to some of the empty buildings all over the country,
or or sell them. And when it comes to the
interest rates, only the thing I know about interest rates.

Speaker 4 (05:38):
I think I got this from Milton Friedman.

Speaker 2 (05:39):
You've got to have the right rate of interest to
promote expansion. And that's how I think what Trump is
getting to because he wants to expand the economy, and
this is why trying to bring all these businesses in
and and if you don't have the right rate to
expand the economy, you're just going to it's gonna you're
not You're going to have more of a recession. So

(06:00):
what he wants to do is what's natural is bring
the rates down enough to promote all the expansion that's
going on. And then the housing market, I don't know,
I have some questions about the housing market too. I mean,
interest rates are one thing, but I've always noticed whenever
they lower the interest rates, the prices go up. And
there's a lot of other factors involved in housing, such
as regulation, green mandates, and all kinds of other crap

(06:23):
that are keeping people from like even building affordable housing,
or even even even selling their housing. I mean, or
even they have to like have they have to have
panels on the thing, and all this kind of stuff.
I mean, I mean, we have regulation is also.

Speaker 3 (06:36):
Important to it.

Speaker 2 (06:37):
I know in the Northeast, I mean, this is this,
you know, this is not a place that a lot
of people are going to want to move anymore. If
you got these guys like Mandamion there in New York
and Hoko and and and the governors and all these
states and all these liberal legislatures, nobody want to move
there anyway. So I mean that a lot of the
housing is going to be going to like Red States

(06:58):
and Florida and all the and places like that. And
they're moving out of California. California. They can't manage their
housing either out there too. It's going up and up
and up, and it's all due to the Democratic Party
with their regulations, their mandates, and all this other kind
of stuff too, So it's not only in the interest.

Speaker 1 (07:16):
Oh you're right, No, No, you're right, No, Joe, I
mean as Lou forgive me Lou as usual, I mean
excellent points. You're completely right. But it's not the silver bullet.
No one's saying that. But Lou, really, you talk to
anybody and everybody in the housing market, the construction business
when it comes to homes, and they go, they go.

(07:38):
Interest rates are just way too high. That's the first
thing out of their mouth. Okay, listen to this, all
of you. Wow, this is from a listener on Messenger.
I'm just going to say his name is Joe, not
going to say anything more. And here's what he writes
about this massive boondoggle in Washington, DC, regarding the renovation

(08:00):
for the Federal Reserve headquarters and the several buildings that
the Federal Reserve is located in. We're looking at billions
of dollars now in cost overruns, massive corruption, embezzlement, and
by the way, Jerome Powell lying under oath. So it's
he's in big trouble. And I think deep down he

(08:21):
may know he's in big trouble. So this is what
Joe writes. Jeff, I work in Massachusetts for a very
rich and prestigious university. I'm a mechanic for a new building.
Maybe the building is about maybe three four years old.

(08:42):
I spend so much time watching these buildings that get
built for billions of dollars, and when they officially open,
it is years of nothing but problems and issues, leaks everywhere,
all kinds of stuff breaking down, falling apart within two

(09:05):
years or less. They are built so cheap that they
end up spending twice as much to repair it in
the first few years than they did to originally build it.
And on top of it, they will put two classrooms
on the first floor which are practically ever never used.

(09:29):
But because they did this, the whole building is a
write off because it's considered a teaching slash classroom building.
The rest of the building is used for research. Listen
to this rocket. The rest of the building is used
for research for medical companies or technology advancements, or a dorm,

(09:54):
and then they can charge the tenants and students money
that is outra like two thousand, five hundred for a
studio apartment, or even three thousand five hundred dollars a
month for a single bedroom apartment. It's all a joke.

(10:15):
And that's only a one building here in Massachusetts. Imagine
the fraud that on the scale that you're talking about
in Washington with the Federal Reserve. It is a racket
all the way around. And this is what Trump understands,

(10:35):
as he used to have to pay these fools. He
knows how to fix this. Let's pray he does. And
by the way, Jeff, no one ever mentions this, but
the mob, the mafia, Yeah, they're into this as well.
So and that's the thing. Trump had to deal with
them all the time in New York and in New Jersey.

(10:56):
And they're also very very prevalent. They've got to get
their cut and their slice of the pie. But no,
it's it's so it's shoddy construction where again they're stealing money.
And then the building has to be fixed or renovated
within a couple of years after they spent billions to

(11:18):
build it. And then they just you know, designate a
first floor and say, yeah, yeah, a couple of classrooms
will be there. The classrooms are never used. But then
the whole thing becomes a massive tax, right off. Then
they rent out the office space to these big medical
or tech companies, so now now they're really bringing into cash.

(11:42):
And then they're so freaking greedy they will use other
rooms and turn them into dorms or apartments and then
say sure, charge you know whatever, twenty five hundred for
a studio or three thousand for a studio or thirty
five hundred for a small bedroom apartment. Blank, thank you,
And the cash just keeps pouring in. That's what our

(12:05):
taxpayer money is funding. And that's a you know, that's
a university that's supposed to be you know, an institution
of quote unquote higher learning, like you know, you're there
to educate the kids, the future generation, and instead it's
one big boondoggle off of our backs. Six one seven

(12:28):
two six six sixty eight sixty eight. Mark in New Hampshire,
Thanks for holding Mark and welcome.

Speaker 5 (12:39):
Hey, good morning buddy, Mark.

Speaker 1 (12:41):
How are you my friend?

Speaker 5 (12:43):
I'm great, man great, you know, Hey, I'm with you, Jeff,
three words audit the Fed. You know, let's start with
this project. Let's see where the money is really going.
The problem is I see, Jeff, you know, Congress can't be.

Speaker 3 (13:00):
In charge of this.

Speaker 5 (13:02):
You know every single Democrat will oppose it, not because
they don't think they're wasting money, but because they just
hate Trump and they don't want him to ever get
any kind of winning this. So this has to be
a team of forensic accountants needs to go in, rip
open the books and take a long hard look at
what the set is really doing. You know, our our

(13:24):
founding bothers, Jeff, the people that wrote the constitution didn't
want a central banks because they knew then that that
a government can't and won't control its own spending. They
knew then, Jeff, you know, two hundred plus years ago,
they knew that a government that had its own bank
would would spend and spend and have no accountability. And

(13:48):
that's exactly what we've ended up with. Well, you've got
a centralized bank that's not under anyone's control other than
a few unelected bureaucrats, and they've just spent money and
they've doled it out, and no one knows where this
money goes. Yet we have no way to open up
their books and take a long hard look at it.
And I think if we start with this project and

(14:11):
we take a really close look at what they've been doing,
find out why they're spending so much more than they
should have. That would give grounds Jeff to really crack
open their books and look at everything.

Speaker 1 (14:23):
Oh, I agree, I really agree. And you know, just
by the way, this is what people in Washington are saying.
I'm talking about just you know, ordinary civilians, people who
walk the streets. They're all saying, why did you renovate it?
To begin with? Like, there was nothing wrong with the building.
It was a beautiful building. It was a nice building.

(14:45):
It wasn't falling apart, it wasn't dilapidated. Far from it.
You know, you go in, it's nice, I mean, and
maybe a tat old. I mean, just you know, if
you're gonna netpick, you know whatever. It doesn't have the
latest windows, it doesn't have the on modern architecture, but
a lot of it, just to show you how obscene
this is. Mark a lot of the original fed building

(15:08):
that they were you know, that they're renovating now had
beautiful marble all over it. It's a beautiful building. They're
tearing down the marble. Who tears down marble to replace it?
They say, with newer and even better marble, and even
more expensive marble. So even the residents are who walk

(15:31):
by and say, but it was a beautiful building. You
don't even need to touch it. I mean, I guess
if you want to spend a million year or a
million there to update that the air conditioning system or
you know whatever. So a this was under Biden, why
did you authorize the project to begin with? And number two,
how the hell did we get to three point two

(15:52):
billion dollars? What are you guys doing in there? Mark?
What's your suspicion? Is Powell stealing money?

Speaker 2 (16:04):
You know?

Speaker 5 (16:04):
I don't know if it's so much stealing as it's
uh directing it the things maybe they shouldn't be going to.
You know, you could have in there, Yeah, you know,
five hundred million dollars for the upgrades of you know,
floor six through ten. But there's only nine nine floors,
you know, so you've got you know, this extra money.

(16:24):
That's that we really don't know where it's going.

Speaker 6 (16:29):
You know.

Speaker 5 (16:30):
That's like when they stroke these massive checks to go
to you know or you Ukraine, Do we really know
where that money is going?

Speaker 4 (16:37):
Like?

Speaker 1 (16:37):
Great point, great point, Mark, have a great weekend. Okay,
just super super quick. If Jerome Powell would slash interest
rates even up to a full percentage point. I know
you don't. Normally it's done, you know, quarter percent or
half a percent. But say you just shaved off even

(16:58):
half a percent. Say you know, you do half and
then the next you know, next time, you do another half. Okay,
just one full percentage point. Everybody that I know, from
my wonderful wife who's in real estate to many others say,
I mean, I mean it will boom. The market will boom.

(17:20):
I'm not saying it fixes everything. Yes, there are many
reasons why homes are so expensive, way too expensive. Regulations,
green energy mandates, we could go on and on. Illegal
immigration is driving up rents in particular, too many people,
too much congestion. There's many reasons. But a rape cut

(17:41):
or several rape cuts, and the housing market will skyrocket.
I mean it will boom. Construction will boom. People will
start buying, they'll start selling, they'll start building. It'll unlock it,
it'll unfreeze the housing market. And that's gonna really help

(18:02):
propel the economy. And so that's to me, of all
of the crimes that jerown Powell is committing. Look, I
can't stand crooks. Crooks belong in jail. To me, this
is a criminal enterprise. It's rageous. One point nine billion
was outrageous. The original contract was outrageous. Remember you build

(18:24):
a stadium for two billion, state of the art NFL
football stadium, a mega stadium with all the fixings. I mean,
it's got every it's fully loaded, two billion, brand news,
I mean, massive parking lot. I mean, I can you
know every it's got everything. Okay, shops, restaurants, it's got everything.

(18:50):
Everything you can imagine. For two billion. You're gonna renovate
three buildings in Washington, DC that were beautiful buildings. Again,
I don't want to go on about the marble, but
I mean, you know, the FED headquarters, marble everywhere was
beautiful Italian marble, scourgeous, and you're destroying it, tearing it apart.

Speaker 6 (19:16):
For what.

Speaker 1 (19:18):
So these are renovations, you're not even building something new.
So the original contract to me, was obscene. But now
we're talking about another what one point two one point
three billion dollars? Come on? This is Eastern European level obscenity,

(19:38):
stealing theft. It's disgusting, and he lied about it under oath.
He lied again and again and again. Powell did.

Speaker 3 (19:50):
So.

Speaker 1 (19:50):
Please, I'm not minimizing the scandal. I think it's a
massive scandal. But it goes to the heart of the
Federal Reserve. It is an it's a private institution. It
is unelected, it is unaccountable, and it has access to
the entire It controls the entire money supply of the

(20:11):
United States and by extension, the world because the world
essentially is on the dollar. So we're talking about trillions
and trillions, and it literally can control and create, if
it wants to, printing money, trillions of dollars. And I
go back to Mark's point, which I thought was a

(20:32):
brilliant point. All of that money flowing behind the scenes
to individuals, to other banks, the institutions, the businesses, to
the government, you name it. Look at the massive temptation.

(20:52):
I mean, who can resist dipping into You know, you're
looking at trillions flowing right in front of you. Don't
want a piece of that? And look, Craig on Messenger,
I thought made a great point. He messaged me over
the break, said, Jeff, the money is being siphoned off

(21:14):
and funneled. The three point one billion or three point
two now, the three point two billion dollars Why because
that's how Biden always operated. Remember the contract was under Biden,
the Federal Reserve Renovation contract. What did the bidens ever
do that didn't come back to benefit them and go
in their pocket? And it's always using a separate entity,

(21:38):
a third person, that's how they do it. So always,
you know, send it to this place and then something
in a kickback. You know, it's always being funneled somewhere
and then some of it shazam. But what a coincidence.
It ends up in either his pocket or Hunter's pocket,
or one of Joe's brothers bucket, or his grandkids, or

(22:02):
somebody somewhere gets money. And that's why I think Mark
is right. You got to crack open the books. We
want to see the three point two billion where did
all of this money go? And then say, you know what,
the whole Federal Reserve system stinks. Their headquarters is corrupt.

(22:22):
If their headquarters is corrupt, then I want to see
the actual books of the entire Federal Reserve and then
start auditing. And that's what Ron Paul has been saying
for decades because I'm just asking for a simple audit,
just a simple audit, like the money to Ukraine. That
was Rand Paul, his son. I just all I want
is tell me where is the money going. That's it,

(22:44):
that's it, that's it. That's it. That's all I want.
And they went berserk because they know Zelenski's stealing. By
the way, I don't want to get too off topic.
Have you seen the big stories now about Zelenski where
we prove prophetic and right or what. Zelensky in a
nutshell has now fired the top anti corruption officials in

(23:11):
his country, and he has deliberately defanked, gutted all of
the anti corruption agencies because they're now saying he's stealing.
His government is stealing, and that literally billions and billions
and billions in American money, EU money and EU and

(23:34):
American weapons are unaccounted for. And so he did a
Sunday night, sorry, a Saturday night massacre. He just fired
everybody in these anti corruption agencies and now on the
streets of Ukraine, not just the capital, but in cities
all over the country. And remember the Russians are hammering

(23:56):
him on the Eastern Front, so in the middle of
the war where the Russians have now launched a massive
summer offensive that the Ukrainians now are desperately trying to
fight off. They are protesting on the freaking streets by
the thousands upon thousands upon thousands, saying Zelenski is a crook.

(24:21):
Now you know why they didn't want the money to
be audited, because he was stealing. Like we said from
the beginning, it was so obvious. Now his own people
are rising up against them. Now we're just talking, and
I'm not diminishing it. We're talking, you know, twe hundred
and fifty two whatever, one seventy five, two hundred billion

(24:44):
that we sent to Ukraine, which is a lot, but
the Federal Reserve it's not two hundred billion, it's not
even too trillion. It's twenty trillion dollars. So if they
were voting over two hundred billion, what the hell do
you think has been going on for decades when we're

(25:06):
literally talking about tens and tens of trillions of dollars
that go through the Federal Reserve audit the whole damp thing,
the whole damp thing. Six one seven two six six
sixty eight sixty eight agree, disagree? Victor in Georgetown. Thanks

(25:27):
for holding Victor and well shaded.

Speaker 3 (25:30):
Always enjoy your show. By the way, Jerome Powell is
the first, uh said, uh, you know a president that
wasn't an economist. He's a lawyer first one. So keep
that in mind. Interesting, interesting to my big to my
bigger point. I consider myself for real estate expert, definitely

(25:54):
in the top one percent of the you know, independent investors.
Closed over six hundred million dollars in real estate deals
in my career, and I want to tell your.

Speaker 1 (26:05):
Victor, so I promise I'll give you all the time
in the world six hundred million dollars worth of deals.

Speaker 3 (26:10):
Really, I had the pleasure of closing a deal with
President Trump, I mean Donald Trump at the Trump Towers.
So I'm a big fan of Donald Trump.

Speaker 1 (26:21):
And Victor Maseltoff, as the Jews would say, congratulations.

Speaker 3 (26:27):
Hey, I've just been blessed, and I'm a decorated combat marine.
So yeah, I've seen I've seen both sides of the
of the spectrum in life. I would venture to say,
but I'm going to explain this, Jeff, so that even
the Democrat, Marxist, communist college graduates can understand it. Okay,

(26:48):
here we go. If one hundred men graduated from college,
they go down to the diamond store because they just proposed,
they're about to propose to their girlfriend. They get into
the diamond store and there's only three diamonds available. Well,
the store owner is thrilled. You've got one hundred people
competing for his three diamonds and they're just arguing with

(27:12):
each other, and the price of those diamonds are going up.
One of them sneaks off and finds a low interest
rate so he can get a loan, and when he
goes and he bids more for the diamonds than the
other guys. So the interest rate, the lower interest rate
simply made the diamonds more expensive because there's a supply

(27:34):
issue with the diamonds. If they were one hundred diamonds,
it would be a fair market and there would be
an ebb and flow. But because there's such a shortage
of diamonds, they pay through the route. Now, what's that
got to do with real estate. It's the same thing.
You've got to supply problem with housing. There's not enough housing.

(27:54):
I've got people up here paying over two thousand dollars
a month to live in a damn trailer in a
trailer park. It's just stunningly unfortunate. And just unforgivable. Because
Biden let the interest rates stay so low for so long,
everyone outbid each other in the marketplace and drove those

(28:17):
prices to strike Eferic unsustainable prices. So what's going to happen, Jeff,
I'm old enough to have seen a few cycles in
the real estate market, and we're going to have a downturn.
How do I know that? Because normally you have two
million people buying entry level housing. It's down to one

(28:40):
million now.

Speaker 1 (28:44):
Wow wow wow. So you're saying prices have to come down,
there's no question correct.

Speaker 3 (28:51):
Coming down, either by design or by market pressures.

Speaker 1 (28:56):
Yeah, supply and demand, No, I hear you. That's a
great point. Grey call, Grey Call, Thank you so much
for that call. Victor h Yeah, So I agree with Victor.
I think he's right. Prices are gonna come down. It's inevitable.
The market will force the prices to go down.

Speaker 3 (29:13):
Uh.

Speaker 1 (29:13):
And then you add lowering interest rates, which is just
going to give people an incentive to go out and
take a loan and buy a house.

Speaker 3 (29:21):
Yeah.

Speaker 1 (29:22):
I mean, this thing is going to really start to pop.
So look, Jerome Powell is literally the last piece in
the puzzle. It's the last hurdle in Trump. Before we
get to Trump's golden age, you get rid of jerown Powell,
or if he starts to at least come to his
senses and start cutting interest rates. The Trump economic golden

(29:46):
age is here. It is, I mean, it is going
to spark a boom like we have rarely ever seen.
Six one seven two six six sixty eight sixty eight. Okay, honest,
I'm gonna take more of your calls. But hey, it's
eight o'clock, well actually just a little bit past eight
eightish Friday. You know what that means. Cooner's call Log,

(30:13):
Caller of the week.

Speaker 7 (30:19):
It's time for Cooner's call Log, where we showcase our
favorite color from the week.

Speaker 1 (30:26):
I can hear you? Can you hear me? Thanks for
holding Vince.

Speaker 4 (30:31):
I can't stand the smugness of this Barack Cussin, and
I think by the end of this whole thing, we
will find out for sure that he will proven to
be the biggest criminals fraud in US.

Speaker 3 (30:40):
History, as you know.

Speaker 4 (30:41):
So he's got to take it this whole conclusion now,
and he must clean out the whole criminal enterprise. You
can't leave any pieces of the snake left over. Because
it's only going to reconstitute and make the counter attack
much much greater than we've ever seen. And at this point,
Trump is eighty years old, he got shot. He really
have nothing to lose. So when you say they threaten
this family, know that stuff. Really I think he's threatened

(31:01):
on a daily basis.

Speaker 2 (31:02):
Trump is going to be.

Speaker 4 (31:03):
An iconic historic figure. He's got to take this to
ultimate conclusion. And it reminds me basically of the Punic Wars.
The problemans eventually have to destroy Cartlage completely. Otherwise went
back and forth and back and forth. And if Trump
doesn't do anything now, it's going to lead to a
civil war later. So we're gonna have to break a
few eggs at this moment to save the country. And
Trump is doing it exactly right. He's doing it like

(31:25):
a contractor does a building. He's built the foundations. I
think he's cleaning out the deep state within, because that's
what he learned from his first term. His first term,
he had the cancer within, and every time he tried
to do something, the snakes kept biting him. So I
think he's in the process of eliminating all the snakes within,
and now he's ready to go to war.

Speaker 7 (31:59):
Be here every week on the Coooner Report between six
and ten am, and next week it could be you
on Cooner's call log.

Speaker 1 (32:07):
Please don't be a stranger. Call again. Congratulations Vince, Dynamite
call dynamite week of callers. I have to tell you,
in all the years I've been on the air, you know,
you know this audience, you always bring it. But this
week may have been maybe the or one of the
best weeks in terms of the quality of the callers.

(32:30):
And I got to tell you I didn't want to
do another show because I want to give this you know,
I don't want to keep beating a dead horse. But
also there were really no more dramatic developments in the
Russia Gates scandal that is growing and growing now like
a cancer on the deep state and on Obama and
on his cronies. But after yesterday, where again now Bill Clinton,

(32:55):
Hillary Clinton are going to be subpoenaed over what they
did in Epstein Island. And James Comey he's also going
to be subpoena. And you've also got now even Merrick
Garland is going to be subpoena. Alberto Gonzalez, who was
Trump's Attorney general, he's going to be subpoena. So this

(33:18):
you can tell Trump is getting ready now for war.
And Mike Johnson came out again yesterday and saying we
are going to get to the bottom of everything that happened,
and no, we are not going to sweep this under
the rug. So subpoenas are going to be issued and
Obama is going to be put under oath. So you

(33:41):
can tell now they're getting ready for war. War is coming,
and it's a war that we're gonna win. God Willing
six one seven two six six sixty eight sixty eight. Okay,
super quick reset. President Trump yesterday visited the headquarters of
the Federal Reserve in Washington, DC, where they have been

(34:04):
undergoing renovations now for a while, and to the shock
and horror of really everybody, now we have found out
that it's the cost overruns are over a billion dollars
on top of the original one point nine billion dollar contract.
And again that is just for revamping the headquarters, just renovations.

(34:30):
We're looking at three point two billion. Billions of dollars
are unaccounted for. Powell cannot explain what has happened to
the money. And now many people are openly asking is
he a crook? Have they siphoned off money? Has it
been misappropriated, stolen, embezzled. More questions are being asked, and

(34:54):
now they're saying, without a shadow of a doubt, this
scandal is now a stain on Jerome Powell and it's
not going anywhere. And on top of all this, that
clown still refuses to lower interest rates. Six one seven
two sixty six, sixty eight, sixty eight is the number

(35:18):
Tom in the great state of Wisconsin. Thanks for holding Tom,
and welcome Hi, Jeff, Hi.

Speaker 3 (35:26):
Tom Powell.

Speaker 6 (35:27):
Pauell is not going to lower interest rates. He is
a Democrat soldier, deep state Trump hater, and President Trump
is tethered by his cord from having as a comedy
skyrocket with President Trump's approval rating goes way above sixty percent.

(35:48):
If President Trump's approval rating goes above sixty percent, that
gives him political momentum to prosecute all of these rushing
the Russia Gate crooks in a military tribunal. Without President
Trump's skyrocketing approval into the high sixties, he can't do that,

(36:10):
and he's stuck with prosecuting the Russia criminals and a
civilian court where they get let off by a Democrat jury.
So there's a lot tied to the Powell tethering Trump's
economy than just the economy. There's political forces at work

(36:31):
here that are telling Powell, don't you dare lower the
interest rates even a half percent? It's the last straw
that will break the Democrats back. The problem with firing
Powell is that the Supreme Court this last May ruled
that the Federal Reserve chairman is not, under the umbrella

(36:55):
of President Trump necessarily to be fired. And the word
necessarily is important because the wasting of three billion dollars
on a new palace for the Federal Reserve, which everyone
hates just like they hate the irs, could be the
lynch pin that enables President Trump to fire this jerk.

(37:21):
So that is pretty much in a nutshell my comments.

Speaker 1 (37:26):
Tom Brilliant, I'm telling you absolutely, I think you you
hit the nail right on the head, Absolutely nail right
on the right on the head. And you know, Tom,
I can only add to what you're saying. Look, I
think you're right. In fact, I know you're right. You
lower interest rates even half a percentage point? Okay, but
let's just be super safe. You know, two rate cuts,

(37:47):
bang bang, it goes down a percentage point. This is
an economy for the ages. The Trump economy is going
to absolutely skyrocket. He becomes politically invincible going into the midterms.
You're right, his approval rating goes right over what sixty

(38:09):
sixty five percent. He's going to win the midterms. It's
going to be a massive sweep. And it gives him
all then the political capital, the political cover that he
needs to go to war with the deep State, because
the American people say, hey, he's giving us peace, prosperity,