POWER MAD POWELL dissects Jerome Powell’s alleged perjury over a $3.1B Fed HQ renovation—luxury upgrades like rooftop gardens and VIP elevators contradict his congressional testimony, sparking a DOJ probe under Trump-appointed AG Pam Bondi. Critics blame Powell for politically stifling the economy with high rates (peaking at 7-8%) while Democrats push mass prosecutions of Trump allies, framing it as a power grab. From ICE agents’ sanctuary-state exploits to welfare fraud savings via Kennedy’s $330M act, the episode ties Fed overreach to broader corruption, urging accountability before midterms. [Automatically generated summary]
It's the late 1800s, early 1900s, and the U.S. economy is basically the Wild West.
No central bank, just thousands of independent banks doing their own thing.
Every few years, the economy would crash hard.
Panics would hit, people would rush to pull their money out.
Banks would collapse, businesses would fail, and regular folks, they'd lose everything.
The worst of these were the panic of 1907.
It all started with a failed scheme to corner the market on United Copper Stock.
And before you knew it, trust companies, less regulated than banks, were going under.
The stock market tanked, credit froze, and the economy was on the brink.
Here's the kicker.
There was no lender of last resort, no one to step in and stop the bleeding.
Instead, private bankers had to save the day.
J.P. Morgan, yes, that J.P. Morgan, literally locked a bunch of bankers in his library until they agreed to bail out the system.
It worked, but it was a wake-up call.
Relying on one guy to save the economy, not exactly a long-term plan.
So Congress got to work.
In 1908, they passed the Aldrich Freeland Act, which set up the National Monetary Commission to figure out a solution.
Senator Nelson Aldrich, a Republican, led the charge.
He and his team studied central banks in Europe and came back with a plan.
A single centralized National Reserve Association controlled by, you guessed it, bankers.
But here's where it gets political.
Democrats, populists, and rural Americans hated it.
They saw it as handing even more power to Wall Street.
And the so-called Money Trust, the PUJO committee hearings in 1912, only added fuel to the fire, exposing how big banks were basically monopolizing the system.
Then came the 1912 election.
Democrats swept in with Woodrow Wilson taking the White House.
Wilson wanted reform, but he wasn't about to let bankers run the show.
He had pushed for a decentralized system with government oversight.
Enter the Federal Reserve Act.
Instead of one central bank, it created 12 regional Federal Reserve banks to spread power away from Wall Street.
A Federal Reserve Board appointed by the president would oversee it all.
The idea was to provide flexible money, supervise banks, and prevent those devastating panics.
Now here's where we need to take a closer look.
The Federal Reserve was sold as a compromise, part public, part private.
But it opened the door to something much bigger.
It was supposed to prevent crisis, not micromanage the economy like it does today.
Over time, the Fed has grown into a massive, unelected institution with enormous power over our money supply, interest rates, and even the broader economy.
That's a lot of control in the hands of a few, and it's far from the limited government our founders envisioned.
Back in 1913, the goal was stability, not centralized control.
But here we are, over a century later, and the Fed's role has expanded far beyond what anyone imagined.
It's worth asking, has the Federal Reserve become too powerful?
Is it really serving the people?
Or is it just another tool for elites to manipulate the system?
So what do you think?
Was the Federal Reserve the fix America needed?
Or did it set us on a path toward too much government intervention?
Let me know your thoughts in the comments.
This is Jules Jones.
Grab a cup of tea and settle in as we begin a political rendezvous.
It's time for another political rendezvous.
Welcome to Tea Spilling Saturdays.
If you are new here, welcome to our tea room.
My name is Jules Jones, and on Saturdays, I go through the biggest political stories of the week.
If you are interested in politics and news, I recommend you follow our channel.
I throw a tea party every Saturday at 3 o'clock p.m. Eastern Time.
I also encourage you to visit our website, JulesJonesLive.com, for updates.
Powell's Political Rendezvous00:08:18
Well, hello, gems.
Happy New Year again to you.
It's hard to believe, but we are now just three days away from completion of the first full term of President Trump's second term in office.
His second year begins at noon on Tuesday.
But before we begin our show, just a fun fact.
When the U.S. Constitution was signed in 1787, 239 years ago, a Philadelphia woman asked Benjamin Franklin whether we had a republic or a monarchy.
Franklin famously replied, a republic, if you can keep it.
Benjamin Franklin was born on this date, January 17th, 1706, in Boston, Massachusetts.
Happy 320th, Ben.
In an odd coincidence with today's show title, the Philadelphia woman's name was Elizabeth Powell.
One of the most consistent characteristics of President Trump's term in office is that the news cycle keeps moving very quickly.
It seems like a long time ago, but there were significant developments earlier this week about Federal Reserve Chairman Jerome Too Late Powell.
Just this week, the Department of Justice served grand jury subpoenas to the Fed signaling the next phase of criminal investigation.
The alleged crime?
Lying to Congress under oath.
That's why we named today's show Power Mad Powell.
As we all know, President Trump has been strongly encouraging Powell, as only President Trump can do, to cut interest rates deeper and faster.
President Trump wants lower interest rates to fuel growth in the economy by making investment money easier to obtain.
Powell has made minuscule interest rate cuts, but they were far too little and far too late.
The small rate reductions he has made should have been made a year ago.
Interest rates should have been several full points lower than they are now.
This is how he earned the nickname Too Late Powell, which of course will stick to him forever.
Now before you begin thinking that maybe Powell just had a very bad judgment, let's not forget Jerome Powell lowered interest rates aggressively before the 2024 election in an attempt to boost the economy and improve Kamala Harris's chances.
It didn't help her, thank goodness, but it proved he can lower interest rates when he wants to.
But with President Trump in the White House, he very clearly does not want lower interest rates now.
He is restraining the current economy by slow-rolling, necessary interest rate cuts.
His intent is revealed by the timing of his actions.
Powell is a leftist operative who does not want the U.S. economy to reach its full potential under President Trump.
He is suppressing growth in the entire economy because of politics and Trump hatred.
People are suffering because of it.
Power Mad Powell is manipulative.
He is despicable.
He is vile.
To make matters even worse, Powell has authorized the renovation of the Federal Reserve's headquarters building in Washington, D.C.
The estimated cost is up to $2.5 billion and rising.
The cost per square foot is over $1,900, double the average cost for renovating an ordinary historic federal building.
Billion went up a little bit, or a lot.
So the 2.7 is now 3.1.
I'm not aware of that.
Yeah, it just came out.
I haven't heard that from anybody for Fed.
It just came out.
I remember that about 3.1 as well.
3.1, 3.2.
This came from us?
Yes.
I don't know who does that.
You're including the Martin renovation.
You just added in a third building, is what that is.
That's a third building.
It's a building that's being built.
No, it was built five years ago.
As President Trump said this week, he's either incompetent or he's crooked.
Like many others in Washington, D.C. Lazy, he may be both incompetent and crooked.
Too late, Powell is billions of dollars over budget, and worse, he lied to Congress about it.
In July, Representative Anna Paulina Luna referred Powell to the DOJ for criminal investigation of his perjury.
You can't lie to Congress under oath.
It has taken far too long for the DOJ to get to the subpoena stage of the investigation, but at least we're finally here.
Powell reacted badly to the subpoenas.
He made a video, even, and looked like a frightened deer in the headlights.
Good evening.
On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June.
That testimony concerned, in part, a multi-year project to renovate historic Federal Reserve office buildings.
I have deep respect for the rule of law and for accountability in our democracy.
No one, certainly not the chair of the Federal Reserve, is above the law.
But this unprecedented action should be seen in the broader context of the administration's threats and ongoing pressure.
This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings.
It is not about Congress's oversight role.
The Fed, through testimony and other public disclosures, made every effort to keep Congress informed about the renovation project.
Those are pretexts.
The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.
This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions, or whether instead monetary policy will be directed by political pressure or intimidation.
I have served at the Federal Reserve under four administrations, Republicans and Democrats alike.
In every case, I have carried out my duties without political fear or favor, focused solely on our mandate of price stability and maximum employment.
Public service sometimes requires standing firm in the face of threats.
I will continue to do the job the Senate confirmed me to do with integrity and a commitment to serving the American people.
Thank you.
Jerome Powell has been at odds with President Trump from the start, but in addition to being incompetent and possibly crooked, he is also stubborn.
He refused to lower rates and he refused to step down.
He embodies the Federal Reserve's version of the leftist resistance to Trump.
He could have resigned months ago with his reputation largely intact, but now the time to resign is long past.
Mercifully, his term ends in May, but now that he is billions of dollars over a budget and clearly lied to Congress, merely stepping away at the end of his term will no longer suffice.
Power Mad Powell needs to be indicted and prosecuted as quickly as possible so the Federal Reserve is never politically weaponized again.
Power Mad Powell's Fall00:02:34
But before we get into all of that, we'll begin today's show with our new streamlined format, which you all are getting very familiar with, our top news story countdown for the week, which takes a more tongue-in-cheek approach to this week's mostly wonderful news stories.
We'll spill the tea with this week's show, Power Mad Powell, which will include our current breaking news and X News for today.
Our What Is Wrong with These People segment, showing how the left has dumbed down our society.
We'll also review some of President Trump's victories for the week.
And then finally, we'll cover this week's question of the day, where you get to provide your answers in the show comments.
Now, you know, I love having you all here at three, but I totally get it every Saturday.
But if for some reason you cannot make it, you can always check out our live shows if you miss them at our website, julesjoneslive.com.
I upload them at the end of every show.
As always, a special thank you for finding yourselves at new platforms to watch this show and in the litter box.
By the way, we have our anniversary on Monday.
I don't know if Kat knows that it's our anniversary on Monday for our very first In the Litterbox show.
Don't tell him.
Let's see if he remembers.
But it is Monday, so we look forward to that.
But for now, you all settle in, get comfortable with your beverage of choice as we begin this week's political rendezvous.
Let's spill some tea, shall we?
And we begin, as we always do, with our top news stories for the week.
Top News Cycle Challenges00:06:49
And here we are, another top 10.
I'll tell you, with the way this news cycle has been going, it is hard not only to capture the 10, but also to put them all in here and start getting rid of stories.
Poor Rob has that job.
I don't know how he is able to whittle them down, but he does a beautiful job, as you all know, of trying to figure out which ones are the most important for the week.
So here we go, coming in at number 10.
The feds release chilling list of violent criminal aliens arrested in Minnesota Sanctuary State.
Child rapists, sodomizers, and killers roam free for years.
In most states, people understand that lists like this are the reason why Border Patrol and ICE are there and why they're welcomed.
Caroline Levitt held up this list in her press briefing on Thursday as an example of why ICE work is so important.
But in an insane blue city and blue states, they want the child rapists, sodomizers, and killers in their communities.
Here's a hint why.
The illegal aliens prop up their fraud schemes.
Coming in at number nine.
We've got James Comer who says Ilhan Omar is at the top of the suspect list in massive Minnesota fraud scandal.
Ethics complaint incoming claims her husband profited.
Speaking of frauds, Ilhan Omar has realized an explicable gain in her net worth on a public servant's salary.
We can't be certain whether Comer's comments refer to her baby daddy husband or her brother husband or her other husband.
As the Babylon Bee facitiously pointed out, she and her brother husband have separated and now have agreed to see other siblings.
In at number eight, Treasury Secretary Scott Besant unfold unloads.
You've got Tim Waltz who won't be able to hide from this fraud investigation.
No, he won't.
Scott Besant has said, and he has been an absolute warrior on these issues, he has vowed to follow the money.
That means Elmer Fudd doesn't stand a chance.
Waltz is another leftist fraud who should resign immediately.
In at number seven, Federal Reserve hits with the DOJ subpoenas in the criminal probe over Chair Jerome Powell criminal investigation.
These subpoenas truly rattled to late Powell, and with good reason.
He clearly misled Congress about the nature of the renovations and the cost overruns.
He should have resigned when he had the chance.
In at number six, you have Jack Smith's team.
They approve a $20,000 payment to an informant to target President Trump and his allies in Arctic Frost.
The huge elephant in the room question is why.
At the time, he was a special counsel to the crooked Biden DOJ.
He had all the subpoena power of the entire government at his disposal.
Why would he need to bribe a potential witness?
We all know why, but hopefully it will all be made public soon in his next round of congressional testimony.
Renee Good's Minnesota Ice Watch group promoted manual teaching assault on law enforcement.
This story is horrifying coming in at five.
My gosh, this group produced an actual instruction manual complete with diagrams to instruct these lunatics how to interfere with lawful law enforcement operations and how to interfere with arrest.
Those who produced and distributed this manual belong in prison for a long time.
Then we've got number four.
The House Oversight Committee is now moving to hold Bill Clinton in contempt of Congress after he refused to testify in the Epstein investigation.
Both Bill Clinton and Hillary are now guilty of the same crime for which Peter Navarro and Steve Bannon were jailed, and they deserve exactly the same treatment.
Leg shackles and perp walks.
Public perp walks, mind you.
They are definitely in order.
Let's go.
In three, you have anything less than U.S. control of Greenland.
President Trump, and it is completely unacceptable.
This is what President Trump said at the White House as the ministers were hosted.
Direct U.S. possession and control of Greenland is strategically important to the U.S. security.
The initial meeting at the White House allowed the United States, Greenland, and Denmark to voice their initial positions.
They also agreed to appoint a joint team to continue to meet and discuss how this can all be accomplished.
This will happen.
It's just a negotiation.
And as we all know, President Trump is at his best in negotiations.
Hell on earth.
Minneapolis rioters destroy and loot ICE and FBI vehicles, steal sensitive documents and ammunition while local cops do nothing.
This is the reason why this is number two.
This is a funded and organized insurrection, but no matter the politics of the situation, it is an absolute disgrace that local police are not acting to protect fellow law enforcement officers.
The Minneapolis Police Department will bear this stain for a very long time.
And our number one biggest story for this week.
President Trump announces a 25% tariff on countries doing business with Iran regime.
This was a great example of President Trump killing two birds with one stone.
He created enormous instant financial pressure on Iran, and he demonstrated to the Supreme Court the importance of having tariff control in the hands of the chief executive who can act quickly to the world events rather than in the hands of Congress, which never acts quickly, ever.
Well done, Mr. President.
And there you have it, our top news stories for the week.
Page Updates00:02:14
And we're going to head on over to our X page so we can talk about what's happening today.
Here we go.
We will first start off, though, as we always do, with our question of the day, where you can go and visit my sites.
I've posted them on all kinds of different sites so that you can see them.
I've got them on Gab, I've got them on Getter, I've got them on Truth, I've got them on YouTube, and I have them on X.
And I caught a lot of slack for not put not reading out truths last week.
I apologize for that.
I will definitely make it up to truth.
And I think I've figured out how I can keep it up there without losing some comments because I was having trouble, as you all know, over there with that.
And I've made it my pen tweet.
So it just stays put and it doesn't get moved around because something happens with me, at least.
I don't know if it happens for all of you.
But as soon as I, you know, as soon as there are other articles and I click on it a little bit later, if I've ever clicked on it once to see what you all are saying, I lose them.
I lose half of them and I don't know why, but I can't get them again.
So it was kind of like, well, by the time I go back, I only have like three.
I see a whole bunch of them now, though, so that's good.
But you can always go to the X page.
That one's pretty popular as well.
And also YouTube.
That one's generally cranking too.
So here is our question of the day.
And it's time for today's question of the day.
Should elected officials be held criminally responsible for fraud?
Yes or no?
Share your thoughts.
They could be featured live this Saturday, January 17th, during a political rendezvous at 3 o'clock p.m. Eastern Time.
Pick your viewing platform at JulesJonesLive.com.
Okay, so.
Warning Issued About ICE Agents00:15:27
All right, it actually worked that time.
You know how sometimes if I normally have to upload this, which I thought I had done for some reason, it did not show.
And so I went to my regular page.
Well, things are working on X again.
This is good.
This is very good news for all of us because I play a lot of videos on this show.
And so it's working today.
So that's good.
I don't know what the deal was, but you know, if you don't have Marco Rubio behind the wheel, I mean, in every single job, then you know what?
It's going to fail.
I'm completely convinced of that.
So he must have been tending to other matters when we had all that trouble over there on X.
I wanted to give a shout out to at Patriot underscore Lioness, who always puts together a promotional post for us.
And it's just so kind of her to do.
She does it every single week, Monday through Friday, on in the litter box.
And then she also does it on Saturdays for me.
And I just want you to know how much I truly and how much it means to me.
It really means a lot.
All right, so we can start out here.
We've got at C underscore 3, C underscore 3, 99% of GOP voters want the Save Act.
At leader John Thune, we gave you the Senate GOP 53 to 47.
The House GOP 218 to 213.
The Supreme Court GOP with 6 to 3.
The White House GOP, President Trump, popular vote.
We gave him that too.
The Electoral College, that as well.
Nuke the filibuster.
Pass the Save Act and save America.
That's exactly right.
So the White House, three hours ago, they are reporting.
It says, now for centuries, it is time for Denmark to give, to give back.
World peace is at stake.
China and Russia want Greenland, and there is not a thing that Denmark can do about it.
The United States of America is immediately open to negotiation with Denmark and/or any of these countries.
And this was written by President Trump.
He is ready to make a deal.
Make sure that we don't have China in our backyard.
We certainly don't want China or Russia in our backyard, and nor should anybody want us to have them.
I mean, really, here these people act like they're our allies when in fact they are not.
So President Trump has announced on that note that a 10% tariff on Denmark, Norway, Sweden, France, Germany, the UK, Netherlands, and Finland beginning February 1st.
This tariff will be increased to 25% beginning on June 1st.
Tariffs will remain in effect until the U.S. reaches a deal to buy Greenland.
It is time for Denmark to give back, says President Trump.
And that is from the Kabosi letter.
President Trump put out this statement.
He is not backing down.
He is very much wanting to get this deal done.
And you know how he is.
When he focuses on something, he gets it.
Well, if you want to know what we're up against, they're saying the quiet part out loud.
I mean, they mean it.
And at Elon Musk, he reposted this.
Weaponization, and at Amuse was the one that put out this video.
Democrat activists Jennifer Welch and Jim Acosta say mass prosecutions of Trump and Republicans would be necessary for national reconciliation when they say Democrats regain power, arguing that expanding the SCODIS would be required to jail Trump.
This is what they want.
This is their plan.
They have already started.
It is in the works.
The blue tsunami means that Congress is going to haul Elon Musk, Big Balls, and a bunch of other people's ass in front and say, what crimes did you commit?
And it's going to get really serious.
And the same with Trump, because I believe, and this is just my opinion, that Trump and all of the bottom-feeding morons surrounding him and Elon Musk and all the bottom-feeding clinger honors that surround him, I think they commit crimes every day.
And I think to reconcile all of this is going to take hardcore, not integrity Democrats.
Fuck you, Democrats.
Fuck you for fucking over our country.
We are serious about this.
We are prosecuting.
We're going to uncover every document, every phone call, everything you did.
We will be relentless about it.
And that's the mindset they've got to have because I think the electorate is going from, we've got to get him out, but also we want accountability.
There has to be accountability.
You have to have a situation where there's accountability.
And I talked about this the other day with Fanon, the former MPD police officer who almost got killed on January 6th.
You know, he said, and I think it's true, that it's more than just the Dems win back the Congress and the White House.
We have to change this John Roberts Supreme Court decision that gave the President of the United States a blank check.
No man or woman should be above the law in this country.
And Donald Trump, sure as shit, should not be above the law in this country.
And I think the Democrats have to talk about it in these terms, that listen, if we get back in there, and I'm not saying I'm part of the Democratic Party, but I'm saying this is the way the Democrats should communicate.
They should say when they're back in there, if you guys are going to cling to this idea that Donald Trump is unaccountable, it's just not going to work.
And that means adding seats to the Supreme Court so that that immunity decision can be overturned.
And so Donald Trump can be held accountable for his crime.
These people are so vile.
They are so bad.
We have got to make sure that they never hold power at all again.
Just awful.
Who would want something like that?
But they're just telling you exactly what they plan because they are trying to rev up their base right now.
And they're trying to make sense of it all.
Didn't you love how Acosta tried to distance himself after he said we need to?
And then he said, you know, Democrat Party, not me.
No.
Well, of course you are.
You always have been.
You've been a tool that they have used time and time again, especially with the Russia-Russia-Russia collusion narrative.
How did that $4 million work out for you, Acosta?
Anyway, at Libs of TikTok, they're all so dirty and so vile.
It gets me just so wrapped up over here because I'm like, gosh, these people are just so paid for and so fake and so phony.
It just, it's infuriating.
But this is going to make you mad because this is what's going on in our schools.
And at Libs of TikTok is reporting it, it's a teacher at Manson Northwest Webster in Iowa.
She screams and lies to her class about the ICE shooting of Renee Goode.
She scolds the class for questioning the incident, saying that Renee Goode broke no law and was murdered by ICE for following orders while giving a false account of the incident.
This teacher then tells the students that they are endorsing the murder of a U.S. citizen if they support ICE agents defending themselves.
This is blatant political indoctrination in our school system.
She must be fired.
This is very clear and on display.
Listen to the child abuse here because I want you to hear her tone and I want you to hear what she's actually saying.
It's going to make you mad and I apologize, but you have to actually listen to it to believe it.
It's funny, then why are you laughing?
Because that is what has happened.
And if you do not process that, you need to process that right now.
It is fine if you don't like the fact that she was warning people about ICE being in the neighborhood.
That's fine.
It is okay for you to not have liked that she was doing that.
That's okay.
But what you need to understand is that she was told to leave the area.
And so she was turning her vehicle away.
She waved to other vehicles and they were leaving.
And she was turning away.
And the officer stepped in front of her vehicle, raised his gun, and fired a shot at point-blank range into her vehicle.
And then as she drove away, he turned and fired two more shots at point-blank range and shot her in the head.
And that could have been you.
You think it's funny?
Because that could be you or it could be you.
It could be anybody in this room.
Any of you.
And the moment you think it's okay to shoot a citizen of the United States because they wanted to leave a scene.
And keep in mind, she had broken no law.
She was simply following orders to leave a scene.
The moment you say it is okay to shoot someone for leaving a scene as ordered by law enforcement, then that makes it okay for anybody here to be murdered by law enforcement.
That is what you are endorsing.
Anybody here, the Manson Police Department can shoot you.
Are you okay with that?
Unreal, isn't it?
Think about this.
Your kids are with these people for a minimum of eight hours a day.
And then after school sports and all of that, I mean, this is what they are surrounded by.
This is their social life.
These are the people that are in your kids' life.
I didn't check to see if this person has been suspended.
Okay, but I checked with Libs of TikTok just now and says the school says it has been addressed, but they are refusing to say how.
Multiple sources have told us that the teacher at MNW Cougars who screamed and lied to her class about the shooting of Renee Goode is Kim Keller.
The voice appears to match another video on the school's socials featuring Kim Keller.
They reached out to the school for confirmation and comment, but they refuse to reveal any details regarding the teacher or the actions taken in light of the video.
All they are saying is that this matter has been addressed.
Parents have the right to know if the teacher is in their kids' classrooms.
I'd say, so we will find out hopefully more about that.
I mean, this is just crazy.
So if you have a little bit of time on your hands, they really hate hearing from you.
So if you want to call Manson Northwest Webster High School, you certainly can.
Should be interesting.
You can be very nice about it.
Just say, hey, I saw this teacher that you apparently have, you know, in your school and just want to know what you did about it.
It's pretty mortifying to think that kids are being spoken to that way.
They are being lied to that way.
They were being scolded.
Sure looks like child abuse to me.
Anyway, never a dull moment, is there?
You've got an MJ Truth Ultra who says, wow, holy shizzles, he says.
You've got the Washington State Sheriff who sends a warning to Democrats trying to pass a bill.
Get this, that gives an unelected board the unprecedented power to unseat constitutionally elected sheriffs if they don't like them.
Okay, imagine that.
Several sheriffs testified against Senate Bill 5974.
And here you've got a quote: You're going to pass this bill for law enforcement, but you won't hold yourselves accountable.
Therefore, I propose for everyone who runs for elected office to go through a background check, social media review, a polygraph, a psychological test.
But Democrats, you won't agree to that because you have convicted felons who are elected officials here.
You want to silence my voice because I said transgender women are men?
I said the truth.
You want to give an unelected bureaucracy the power to decertify me and remove me from office because you don't agree with my speech?
Just for the record, my deputies don't wear masks, but once you pass that law, that they can't, I will not only allow them, I will encourage them to do so just to see what you do.
I don't recognize your authority to impose these controls over me.
And when you try to remove me from office, thousands of Pierce County residents will surround the city building downtown Tacoma and will not allow that to happen.
I am prepared.
Are you prepared?
Anyone who votes for this will never have an audience with this sheriff.
Amazing that they would even do anything like that.
But yes, I mean, you've got commies.
They think that this is okay.
This is somebody that is elected into office.
They think that they can get rid of them.
Unreal.
You've got a bubble bath girl, valet at Hilton Hotel in Dallas, was fired after posting a video exposing the location of ICE agents.
20-year-old Gia is a nursing student.
She needs to be expelled and arrested.
No way someone like her should be near patients.
I know it's really wild to see caretakers that act in this way, but you know what?
We've seen this before.
I know a lot of you are probably wondering, how come this is not in what is wrong with these people category?
Well, if I added all of these to what's wrong with these people category, I would have so many that we would never get through the show.
I could have a whole show on what's wrong with these people and it would be just fine because there's plenty wrong with them.
So here you go.
I just wanted to give a warning to y'all that there are ICE agents staying at the Hilton Anatole in Dallas.
Quite frankly, I don't really care if I lose my job.
Gia, who doesn't want us to reveal her last name, is a 20-year-old nursing student who decided last week to post a video revealing that ICE agents were staying at the Hilton Anatole where she worked as a valet.
Warning: ICE Agents in Dallas00:16:13
Gia's employer fired her after she refused to remove the video.
My intention with the video was to warn families within the community to take shelter if they needed to take shelter.
So was this worth losing your job over?
I knew that it could possibly cost my job.
I felt like they just were walking around so smug and with their shoulders broad and I just couldn't understand how they could walk around just with so much confidence knowing that they're tearing families apart and just hurting people.
Gia's employer fired her and sent us a statement saying Town Park is aware of the situation at the Hilton Anatole.
The associate violated our business conduct policy and is no longer employed by our company.
Hilton Hotels and Resorts responded with a statement which says we respect the privacy of all our guests and address directly with the third-party parking company who has advised us that the individual is no longer employed by their company.
So Gia is probably being hit up by the left to run for office right about now because you know what?
This is the kind of people that they like to recruit.
We'll probably unfortunately see more Gia's.
You've got at Real underscore Rob N, who says, here it is, Representative Tim Burchett drops another bomb that Biden staffers were taking payoffs in exchange for auto pen pardons.
In other words, just like we've always said, bribery.
Now arrest them.
Arrest every single J6 committee member for the crimes.
You've got 18 U.S. Code Section 1519, Destruction, Alteration, or Falsification of Records.
18 U.S. Code Section 1512, Tampering with Witnesses.
18 U.S. Code, Section 1503, Obstruction of Justice.
18 U.S. Code, Section 201B, Bribery.
And for the crime of defrauding the United States government.
Favorably report to the House the Select Committee's final report, which includes the committee's legislative recommendations and criminal referrals of Donald J. Trump and others, pursuant to Section 4A of House Resolution 503.
The question is on the motion to favorably report to the House.
Those in favor say aye.
Aye.
Those opposed, no.
In the opinion of the chair, the ayes have it.
Mr. Chairman, I request a courted vote.
A recorded vote is requested.
The clerk will call the roll.
Ms. Cheney?
Aye.
Ms. Cheney, aye.
Ms. Lofgren?
Aye.
Ms. Lofgren? Aye.
Mr. Schiff? Aye.
Mr. Schiff? Aye.
Mr. Aguilar?
Aye.
Mr. Aguilar, aye.
Mrs. Murphy? Aye.
Mrs. Murphy? Aye.
Mr. Raskin? Aye.
Mr. Raskin, aye.
Mrs. Lauria?
Aye.
Mrs. Lauria?
Aye.
Mr. Kinzinger?
Kinzinger, aye.
Mr. Kinzinger, aye.
Goodness.
How is the chair recorded?
Mr. Chairman, you are not recorded.
Chair votes aye.
Mr. Chairman, aye.
The clerk will report the vote.
Mr. Chairman, on this vote, there are nine ayes and zero no's.
Of course.
The motion is agreed to.
Without objection, a motion to reconsider is laid on the table.
Without objection, staff is authorized to make any necessary technical or conforming changes to the report to reflect the actions of the committee.
The chair requests those in the hearing room remain seated until the Capitol Police have escorted members from the room.
There being no further business, without objection, the select committee stands adjoined.
You remember this, right?
You remember what they did.
This is why midterms are so important.
We cannot have this happen ever, ever again.
No way.
We will lose our country forever.
We will not have another Donald Trump.
And they are counting on that.
They truly are counting on it.
We cannot back down, not even for a second.
We've got to start talking to people, rallying the troops, getting people ready for the midterms.
We cannot let this go.
You have at Red Wave underscore press Abby Phillip.
She is just an absolute liar.
I've never seen anything like it.
I don't know who could watch this show, so I'm going to spare you the exchange, or maybe I should just go ahead and play it.
But anyway, since X is working so well today, I should just play it.
It's not like I'm risking anything, right?
I'm not gambling right at the moment.
You have Abby Phillip, where she asks, where are the alleged threats from the mayor and the governor toward federal officials?
Do they exist?
Here's the exchange.
Please point.
Where are the alleged threats from the mayor and the governor toward federal officials?
Do they exist?
Yeah, look, I think they've made statements that you could reasonably consider to be threats toward ICE agents, and they're going to take these statements to a grand jury.
Abby, they've made plenty of things.
I mean, he's not a substantial state that indicates these people are, we're under federal occupation.
We're under federal occupation.
Is that a threat?
It sounds like a threat to not people see what it is.
That is not a threat.
That's your opinion.
I've got a different opinion.
That's what I'm in draft.
Those words are opinion words.
Those words are not threats.
They are purely objections.
You might be wrong.
It might be inappropriate, but it's not.
And if you want to move to Minneapolis and take up those doubts, go ahead.
I'm just telling you about the point of view of the federal government.
I'm trying to understand what the point of view is.
I'm still listening.
What else do you got?
They have made numerous statements, Abby, over and over and over again, that they don't think ICE should be in Minneapolis, that they don't think federal immigration laws should be enforced.
That they think law enforcement has been put in danger by incitement.
That's their view.
And they're going to take that to a grand jury.
I don't know what's going to happen in the room.
So none of those are threats.
Look, here, listen.
You're welcome to just say things out loud and speak them into the air and hope and pray that that's what happened.
I don't know when it's obvious.
It's obvious.
Look, this is not something.
You don't work for Todd Blanche or Donald Trump.
I don't even know, as far as I know.
You don't work for Tim Walz as well.
You don't have to defend things, even when you can't figure out what the defense is.
Because to me, I'm not defending it.
If you're going to open an investigation, I'm just explaining something.
It's a criminal investigation and you can't even point to me.
If we're talking about words, you ought to be able to just point on plain paper what are the threats, okay?
And if you can't do it, then you can't do it.
That's the end of the story.
You're right.
The story shouldn't even exist.
You're right.
Let's do something.
Oh, Scott, I'll let you.
He's great.
I don't know how he sits with them.
I really do not.
I have no idea.
You could not pay me enough to be in that room.
No way.
I couldn't even stand next to them.
It would just make me crazy.
I swear this show is not to make you angry.
It is not to make your blood pressure spike out of control.
I promise we're supposed to be having a really nice Saturday afternoon, a rendezvous, as we always do.
But these stories are infuriating because you get to watch this spin.
I promise there are some good things that we are going to talk about today, but these are some of the ones that grabbed me and I went, oh, I've got to talk about them.
All right, John Kennedy, he's got some bragging rights here at Senator John Kennedy on eggs.
He says, I've been working for years, literally years, to get the government to stop sending checks to dead people.
Now that Congress has passed my bill to end this fraud permanently, it's finally on its way to the president to his desk to sign.
So President Trump is going to sign this bill, and here he is.
I want to talk to you about the Ending Improper Payments to Deceased People Act.
Boy, that's a mouthful.
Here's what I want to talk about.
Many Louisianians read the stories about the welfare fraud in Minnesota and, frankly, in other states.
And it makes them nauseous.
I feel the same way.
That's why I have been working for years, literally years, to target welfare fraud.
Especially the fraudsters who conduct fraud in the name of deceased Americans.
In 2023 alone, for example, the federal government sent $1.3 billion.
Not million, billion.
The federal government sent $1.3 billion to dead people.
It's so pervasive that the Social Security Administration, which maintains a list of dead Americans known as the death master file, if someone dies, the state sends the name of the deceased person to the Social Security Administration, and that person's name is listed on what's called the death master file.
We found that Social Security was not sharing this information, the names of the folks on the death master file, with the rest of the federal government.
One branch of government wasn't talking to another branch of government.
The Social Security Administration told me when I confronted them about this and asked them, why don't you talk to your colleagues and other colleagues in the federal government so we can stop paying dead people?
Social Security told me it needed Congress's permission to share this information with, for example, the Treasury Department so it could include the list of dead Americans in its do not pay system.
I didn't argue with them.
I said, I'm just going to go pass a bill.
Well, a few years ago I did.
I passed a bill called the Stopping Improper Payments to Deceased People Act.
And that bill allowed the Social Security Administration to temporarily share its death master file with the Department of the Treasury.
I had to amend the bill to provide, it's a long story and it was frustrating, to provide for a temporary sharing.
They wanted to try it out first.
Well, it worked.
Duh.
Since December of 2023, this bill has saved the federal government at least $330 million in improper payments.
We're no longer paying dead people and having their friends or relatives or whomever cash the checks.
It was obvious that Congress needed to make this data sharing arrangement permanent.
So I had to introduce and was happy to do it.
I introduced a second bill to do just that.
That's why it took years to get this done.
This week, I'm pleased to say the House passed my bill, the Ending Improper Payments to Deceased People Act.
This bill had already passed the Senate, and now that it's passed the House, it's on its way to President Trump's desk, so he can sign it into law.
Now, dead people don't need welfare.
I think that's obvious.
But I'm not going to stop with just this bill.
I'm going to continue to urge my colleagues in the Senate, my friends in the House to pass another reconciliation bill, which we can do without Democratic votes, just like we did the one big, beautiful bill, to include the subject of welfare fraud.
Welfare fraud.
It's inexcusable.
It's unconscionable.
These are taxpayer dollars.
And I'm not going to stop till we get it done.
Well, anyway, it's great and all, but there is so much fraud.
I mean, there is so much everywhere in every state.
And the thing about it is you have to wait for Congress.
Congress is completely worthless.
And the only reason why we need to make sure that we control Congress is to protect President Trump and his administration and the American people and this country.
That is the only reason because they are not trying to at least destroy it, or at least they're trying not to be obvious about it, not as obvious as the Democrats are.
The Democrats will hurt President Trump.
They will hurt us.
We see exactly what the results of four years of Biden did to this country.
President Trump is going to have to work all four years just writing the course of what they did.
I mean, this is, I've never seen anything like it.
With the open borders, with the drugs, with the cartels, we were just being run completely over.
And it wasn't Biden.
I mean, it was the Autopen.
It was the Obama administration.
It was all the powers that be.
It was the rhinos, of course, working with, you know, the leftists, the far-left groups, the communists, people from overseas.
I mean, these people are in it for themselves.
It just depends on who you're talking to on what day.
But yeah, the fraud is massive.
Can you imagine if we were able to scrounge up all of this money, what would happen to people's lives here in this country, how much they would be improved if they were used for the causes that they need to be used for, what a veteran's life would look like, what your life and your children, your grandchildren's lives would look like, what our streets, what our infrastructure would look like.
No, they're just throwing it all away.
Not really.
They're putting it all in their pockets, most of it anyway.
And then the rest, it's a token to make sure that they stay in office.
It is just a vicious cycle and it just continues to repeat over and over again.
Well, here's the deal.
We can't have this any longer.
And you've got conservatives that are demanding that the Senate GOP get moving on nationwide voter ID citizenship, mass mail-in ballots and other issues supported by 80% of the American public.
Election Day is in 291 days.
Nuke the filibuster.
Listen to Trump and get it done.
You must.
This is so important.
If you have time today, please make sure that you hit up Thun's office and you let him know what you want.
This is incredible that we're even at this point.
President Trump puts out a statement.
Terminate the filibuster, not just for the shutdown, but for everything else.
We will get all of our common sense policies approved, voter ID anyone, and make America great again.
Remember, the Democrats will do it immediately.
As soon as they get the chance, our doing it will not give them a chance.
Republicans will be tough and smart.
The Dims are crazed lunatics.
They will not open up our country, no matter how many people are irreparably harmed, irreparably harmed.
And it is so true.
He is up against a wall.
He has been addressing this for months now, and it is real.
And most people in this country are like, hey, what are people that do not even live in this country?
How are they on our voter rolls?
How come in LA did I have 1.9 million that were just kicked off the voter rolls again, thanks to Judicial Watch and other groups that are watching all of this?
I mean, this is what the country wants.
Do you go to France?
Voter Roll Fraud00:06:29
Do you go to different places around the world?
And do you think that you're going to be able to vote in their elections?
No.
Oh my gosh.
Can you imagine the crime that you would commit if you did that somewhere else?
Uh-uh.
It shouldn't happen here.
But the Democrats need it to happen here so they can continue to be elected.
So here is a very sad story.
This was horrible.
I mean, as if being a child star working at Nickelodeon wasn't bad enough.
This poor girl, former child star Kiana Underwood, was struck and hit by a driver who drug her for a block in the car, killing her.
Horrible.
They have the video and everything.
I'm not going to play that for you because it was just awful to watch.
But yes, I mean, they were finally able to identify who she was, and she was a child star there at Nickelodeon.
Tragic.
I pray for her friends and her family and her fans.
Awful thing to have happen.
You have a leftist activist who admits right in front of the Salt Lake City Council that she runs Ice Watch, claims the group coordinates with over 20,000 migrants and maintains photo database targeting ICE agents.
And she was able to leave, just no problem at all.
I mean, she admits all of this stuff, tells them exactly who she is, what she's been doing.
And she identified herself only as TJ, but she openly told the council that she runs this large-scale ICE watch.
She collects photos, verifies tips, and shares real-time intelligence on federal immigration agents.
Scary stuff.
I mean, you've got Minnesota Ice Watch.
It's described as a loose collected group of agitators.
Focuses on documenting, resisting federal immigration enforcement, including ICE agents.
The group operates under the banner of an autonomous collective documenting and resisting against ICE police and all colonial militarialized, I cannot talk today, regimes, as stated on their Instagram profile.
And she's openly admitting it, like, you know, nothing's going to happen to me, so why should I care?
And here are the five worst: the most evil illegals that ICE officers, that ICE officer was working to arrest when Renee Good tried to murder him.
These are the people that he was looking for when she intervened right here.
And you've got the whole list of them.
I mean, they went through the whole thing, pictures and all.
And if you want to see what's going on, I mean, what I love is that they're making these criminals famous.
They are publishing their pictures saying exactly what they did and why they are looking for them at ice.gov.
I mean, at ICEGov on X, you can go over there and you can check it out.
But sexual assault against a child, sexual assault, carnal abuse for DUIs.
This is Hernan Cortez Valencia, a criminal illegal alien from Mexico.
He has a final order of removal date of 12-1, 2016.
You have the next one, and this is convicted of strong-arm sodomy of a boy, strong-arm sodomy of a girl, aggravated sex offense, nine counts of larceny, and more found in our release.
Now, this is Sir Dorn Pavian of Laos.
He has a final order of removal from 3-8-2018.
This is the poster children for the Democrats.
This is who they are fighting so hard to protect and keep here in this country.
This is what four years of Biden did to our country and to our streets.
Another, you have another Immigrant and it's Tao Vang who has been convicted of sexual assault, procuring a child for prostitution and sodomy of a girl under 13.
He has been subject to deportation since 2006.
Convicted of sexual assault and sodomy of a girl under the age of 13 and procuring a child for prostitution.
This is Tao Vang again.
Here he is.
He has a final order of removal date, 1031, 2006.
Scary.
A third illegal immigrant from Laos.
I mean, he was ordered to be deported.
Same thing.
We've got Chung Vu of Laos.
He has a final order of removal.
Strong arm rape of a 12-year-old girl, kidnapping a child with intent to sexually assault, vehicle theft.
Another one here: this is Aldrin Guerrero Munos of Mexico.
He was convicted of homicide and assault.
He has a final order of removal from 12-17-2015.
Meet Gilberto Salguro Lan Verde of El Salvador.
He has been convicted of three counts of homicide.
And he has a final order of removal from 625, 2025.
And then there's Sho Hato, a criminal illegal alien from Burma who has been convicted of negligent homicide with a weapon.
Miriama, here's a butte.
You've got C. Cano of Sierra Leone, final order removal of 0705.
And this is 2022.
Two counts of homicide, four DUIs, larceny times three, and burglary.
I mean, these are not, these are not nice people.
This is not who, when President Trump and all the left got so offended, they're like, when he said they're not sending their best.
He meant it.
These are the rap sheets.
This is who came into our country.
I cannot imagine anyone not being appalled over something like this.
I live in LA, so I know exactly how it affects my neighborhood.
You all know about my texting with my friends.
Anyone want to go to the store?
It's getting late.
The sun's going down.
All right, need a buddy system.
You don't want to live like that, but this is what we have been forced into.
Of course, I live in a sanctuary state also.
So when it becomes our turn, when they start investigating California, I am going to be all over that.
Home Price Pressure00:14:15
I'm going to be applauding as much as anyone else in this state of people.
There are a lot of conservatives that have truly just had completely enough of all of this.
But here you've got Renee Good, who wasted her life trying to protect these people.
Unreal, is it not?
It's just really hard to believe.
I can't even believe it sometimes.
I'm like, wow.
You know, it's just they are completely deranged.
Completely.
Well, as we head on in, and it's the title of our show today, Corrupt Fed Head Jerome Powell.
He added trillions in unnecessary U.S. debt.
And you know, it was on purpose, but of course, that's what he did.
And since we're covering him today, I thought you would enjoy this.
The Fed head Jerome Powell.
He's in hot water for statements he made, but his actions, which added trillions of U.S. debt, are what he should be targeted for.
So Jerome Powell is reportedly under investigation for his statements before Congress related to the billion-dollar building renovations he discussed.
But we know this because he told us in a statement this weekend all about it.
I mean, you saw the video.
We also know a few things from his videotaped statement, which was a lot of fun to kind of dissect.
Powell is the one who decided to disclose the existence of the grand jury subpoena, not the government.
The government is generally prohibited from discussing grand jury proceedings.
Two, contrary to Powell's statement, service of a subpoena on the Fed is not a threat to indict him.
Subpoenas are investigative tools.
It's possible that the government separately advised Powell that he was a target of the investigation, but he didn't say that.
Three, nowhere in the statement does Powell say his testimony to Congress about the Fed construction project was truthful and accurate.
Powell and his allies are using the language of independence to turn a basic oversight dispute into a political morality play.
And it looks increasingly like an attempt to delegitimize any legal scrutiny of the Fed.
This has all the elements of a hoax.
So what he actually did, Powell chose to go public with a dramatic video that you all watched and a statement saying the DOJ subpoenas threatened a criminal indictment over his testimony on the Fed's multi-billion dollar building renovations.
He explicitly framed the subpoenas as pretext and cast them as retaliation for the Fed setting rates independently of the president, elevating a renovation cost overrun inquiry into an existential attack on central bank independence.
The framing of criminal indictment came from Powell.
In what looked like a scripted response, all the Fed acolytes on Wall Street, they cried foul.
They bought in Hook, Line, and Sinker.
You got to see them all.
And of course, they all just completely, this was the number one story when it all came out.
But what the U.S. Attorney is saying is that the U.S. Attorney's Office for DC has stated they contacted the Fed on multiple occasions about cost overruns, and Powell's congressional testimony were ignored and therefore resorted to formal legal process, which they stress is not a threat.
Janine Pirro has been explicit that the word indictment has come out of Mr. Powell's mouth, not no one else's, and that none of this would have happened if they had just responded to their outreach, above-the-law behavior.
Powell now publicly insists that no one is above the law, even as the record shows the Fed disregarded informal outreach and only engaged once grand jury subpoenas landed, which is the opposite of transparent cooperation.
You can recall the choke point 2.0 and the unbanking of individuals.
By recasting a straightforward question of cost overruns and possible misstatements to Congress as an illegitimate criminal indictment threat, Powell is effectively demanding a special zone of immunity that is wrapped in the rhetoric of independence.
It's a very good point.
This is something that they are working very hard to do.
So why are they charging the Hill central bankers?
Well, former Fed chairs and global monetary grandees have rushed out statements condemning the probe as an attack on the Fed independence, treating any prosecutorial look at a central bank as inherently out of bounds.
The former Fed official statement is doing exactly what the 51 Intel officials' letter did on the Hunter Biden laptop scandal, using elite signatures to launder a political narrative into institutional dogma and declare scrutiny itself illegitimate.
Powell and his allies are recasting a narrow DOJ inquiry into cost overruns and testimony accuracy as an existential assault on independence, and an all-too-willing media is once again treating the letter as revealed truth instead of asking hard questions.
This closes the rank around the idea that central banks sit on a higher plane than normal agencies, immune not only from political pressure on rates, which is legitimate, but also from standard legal and fiscal oversight, which is not.
MSM and the death of the fourth state.
Much of the legacy media has adopted Powell's framing almost verbatim.
Unprecedented attack on independence, monetary policy under assault, while regulating the core factual dispute, ignore outreach, cost overruns, accuracy of testimony to secondary status.
Powell and the central banking crowd are behaving in a way that is frankly quite odd.
They stonewall basic oversight, scream independence the moment anyone reaches for legal tools, and they act as though they stand above the law while a compliant MSM gladly carries their narrative proof the fourth estate has checked out.
So James E. Thorne, he's got this, does not meet the smell test.
Powell and his allies are using the language of independence.
And here is what he has put together here.
The global central bankers in full solidarity with Fed Fed's Powell.
And it's true.
They all just came running.
So Powell is certainly not forthright in responding to grand jury questions.
This could be because the Fed, under his watch, has continued to keep rates well above the inflation rate, which stalls the economy rather than helps it.
President Trump is rightly upset with the actions taken by Fed head Jerome Powell.
For months, he has requested and Powell has denied lower interest rates.
Powell's policy of keeping interest rates high with low inflation makes absolutely no sense unless he's trying to destroy the economy, which of course with midterms right around the corner, you all know that that is precisely what he's doing.
It can be argued that Powell is not doing his job when he adds trillions, when he adds a trillion dollars of interest payments a year to the U.S. due to his policies.
President Trump shared the following in July.
Too late and the Fed are choking out the housing market with their high rate, making it difficult for people, especially the young, to buy a house.
He is truly one of my worst appointments.
Sleepy Joe saw how bad he was and reappointed him anyway.
And the Fed board has done nothing to stop this dumb skull from hurting so many people.
In many ways, the board is equally to blame.
The USA is rocking.
There is very low inflation, and we deserve to be at 1%, saving $1 trillion a year on interest cost.
I can't tell you how dumb Too Late is.
So bad for our country.
Powell also has a major problem because of his answers to Congress.
Well, Powell has been destroying the U.S. economy for months, and he is now in really big trouble.
Trillions of U.S. debt can be attributed solely to Jerome Powell.
The Fed is a mess, and everybody that has been paying attention knows this.
I mean, too late is just probably one of the worst things that has ever happened to our country.
Truly, it's hard to believe that they have gotten this much power.
They have way too much, and they are using it politically.
And that is not at all what, as you know, what it was intended to do.
But my gosh, when you start talking about how it's affecting all of us, it is.
I mean, people are not able to buy homes.
It's very serious.
And if President Trump is not able to get this going, it is going to affect us all.
I mean, if you think about it, how higher interest rates affect housing, when interest rates, when they rise, like the Fed's hikes in recent years, mortgage rates typically follow upward because they track longer-term benchmarks, such as the 10-year treasury yield, more closely than short-term federal funds rate.
This makes borrowing more expensive.
Reduced affordability.
Higher rates increase monthly mortgage payments for the same loan amount.
For example, on a $400,000 loan, a jump from a low pandemic era rates, around 3%, to recent levels, 6 to 7%, can add hundreds to thousands of dollars per month in principal and interest alone.
This prices out many potential buyers, especially first-timers, as the income needed to qualify rises sharply.
Then you have the lower demand and the slower sales.
All of this is part of this under the same umbrella.
Fewer qualified buyers mean reduced competition, leading to fewer home sales.
The market sees a lock-in effect where homeowners with low-rate mortgages, the 3% to 4% from 20 to 21, hesitate to sell and buy at higher rates, keeping the inventory tight.
The pressure is on home prices.
With less demand, price growth slows or even declines in some areas.
However, chronic low supply from underbuilding post-2008 and lock-in, it often prevents sharp drops.
Many prices may stabilize or rise modestly instead.
The broader effects are builders face higher construction loan costs, slowing new builds.
Overall, economic activity can soften if housing drags.
The current situation as of January 2026 is that the Fed has cut its federal rates multiple times since late 2025, now around 3.5 to 3.75%, leading to gradual mortgage rate declines.
The 30-year fixed mortgage rate is currently averaging around 6.06 to 6.11%.
And when you look at it, it is down from highs of nearly 7%. to 8% in 2023, 2025, and over 7% a year ago.
The easing is improving affordability somewhat.
Monthly payments are starting to decline for new buyers compared to peak rates.
I hear about a lot of people that are starting to get some of these rates.
They are refinancing.
Experts are predicting rates averaging near 6.3% for much of 2026 with possible dips below 6% if inflation cools further and if the Fed modestly will do those cuts.
But that's what they're going to do.
But housing stats reflect a transitional phase.
It's huge.
When you talk about home prices, the median values are around $360,000 to $415,000 nationally with forecast for modest of a 4% growth in 2026.
It's slower than wage growth in some projections that they've offered, and it is aiding affordability.
The existing home sales expected to rise modestly.
I mean, affordability still stretched overall.
Many remain sidelined.
So all of this has everything to do with the economy.
I mean, when you start talking about what is happening and why it matters, it definitely does because people are starting to burn and they're starting to get angry over this.
A few years back during the low era rate, everything felt possible.
You had mortgage rates were down in the 3% range.
Homes flew off the market.
Prices climbed like crazy.
But then inflation kicked in and Powell and the Fed started hiking rates to tame it.
Accusations Kick In00:07:33
Boom.
Mortgage rates shot up to 7%.
And this is how it works.
Is it political?
Yes.
Of course.
Politics, it's thick.
I mean, you wonder, okay, is it political?
Like some of my friends will say, oh, really?
You know, who knows if it's political or not?
Of course it's political.
First off, the lie, or part of it at least, is what critics are calling perjury.
It all traces back to Powell's testimony in front of the Senate Banking Committee on July 25th, 2025.
He was talking about monetary policy, but things got heated when questions turned into this massive renovation project.
And that was the video you saw.
And President Trump was like, I want a tour.
And he's like, no.
And then he had to go.
And he just looked just like he had absolutely no idea what was even going on.
He most likely didn't.
There are a lot of people that are telling him what to do.
I can guarantee you.
But you have this massive renovation project at the Fed's headquarters in D. Sleazy.
We're talking two old 1930s building.
All right.
The Ekles and the Martin.
They need updates for asbestos, safety, accessibility, all that practical stuff.
The budget started around $1.9 billion, but it ballooned to $2.5 billion with whispers it could hit $3.1 billion.
Well, Powell downplayed it big time.
He said it was just essential fixes, no extravagance.
Specifically, he denied adding luxury perks like new marble everywhere, special VIP elevators, just upgrading the old ones, rooftop gardens or terraces, you know, water features, beehives.
Yeah, apparently that was a rumor, or fancy VIP dining rooms.
He also claimed the building that had never had, it had never had a serious renovation before, painting it was like a crumbling relic that wasn't even waterproof.
But here's where the accusations kick in.
You had Representative Anna Paulina Luna, Republican from Florida.
She jumped on this and she filed a criminal referral to the DOJ in July of 2025.
She said Powell committed perjury and made many false statements.
She also, you've got it clear as day, and it's really good that all of this stuff is being documented because it needs to be.
She pointed to older project plans from around 2021, submitted the National Capital Planning Commission that did include stuff like rooftop terraces and water features, premium materials, and private dining or elevators.
That is all also been documented.
And you're starting to see all of these come in here.
And he pushes back on all of these federal probes, but all of this is very real.
So critics say that it's flat out misleading or worse and about the premium materials, the private dining and all of that.
But there are major renovations back in 1999 to 2003.
So calling it never is, you know, wrong.
So the Fed insist that there's, you know, with all of these things going on, the Fed is insisting.
Let me grab this article for you because you've got a fact check here.
But on this particular one, when you start talking about people that are asking about this, fact check Congress not Trump initiated a probe into Powell.
And that is true because they were the ones that asked for it.
He says that a lot of these fancy bits got scaled back due to cost and reviews and that prior work wasn't as comprehensive.
But Luna and others argue that Powell knowingly fudged the details under oath to make the overruns look innocent.
Well, you can fast forward, which I know you all will, to what's happening right now.
And now you've got Republicans under Attorney General Pam Bondi and DC U.S. Attorney Janine Pirro, both Trump picks, they have opened a probe.
They have hit the Fed with grand jury subpoenas in early January 2026 and they threatened indictment.
No charges yet and perjury's a high bar.
Prosecutors will need to prove intentional falsehoods, not just slip-ups.
But you see what Powell did in response to all this.
He created a storm.
So the political angle, what is it?
Well, this is where it turns into full-on drama.
Powell dropped a rare video statement that you all saw on January 11th, calling the whole thing unprecedented and a pretext, basically not about the renovations at all, but a way to bully him into slashing interest rates faster to juice the economy and make the administration look good.
Yeah, that was his angle, which is really funny because this is what he used.
And he was using this to draw a comparison.
Trump's been ripping into Powell for months over the high rates, hurting housing businesses and families.
You can remember the rates were held high to fight inflation, but critics say that he dragged his feet on cuts, even as things cooled.
And from a conservative side of things, this is fairly obvious that this is why they did it.
This whole thing is completely political.
And it is so very, it is so basic that we cannot wait for this guy to go.
So this probe has been framed as legit accountability, and it is.
Taxpayer money is being wasted on a bloated project while Powell plays king with policy and squeezes everyday folks.
I mean, this is very clear.
Luna's referral started it, and some see it as checking unelected power.
But you can flip the script, and the left, along with even some Republicans like Senator Tim Scott and Tom Tillis, they are yelling foul, saying that Trump is weaponizing the DOJ to punish enemies and erode Fed independence.
Wonder who's in their back pocket.
Well, past Fed chairs like Greenspan and Yellen, they piled on with a joint statement calling it prosecutorial attacks to undermine the central bank.
You have global central bankers backed Powell too.
You know, you have media running with headlines about echoes of 70s inflation scares of politics, meddles, and rates.
And with Powell's long, with his term ending in May 2026, this could be a ploy to force him out or even scare successors.
It's got Wall Street jittery, markets watching, and everyone picking sides.
It's classic DC theater.
But that's the tea on why it's so political and the nitty-gritty of those alleged lies.
I mean, this is wild.
I mean, what do you think?
Real accountability or just a power grab?
I would love to hear what you all have to say.
Just so you know, I read your comments.
I hope you leave them today because I would love to hear what you have to say about some of the things I've asked you because it's just fascinating for me.
Wild Stuff With The Left Always00:03:53
It truly is.
All right, so let's head on into what's wrong with these people.
That should be just a show in and of itself.
Maybe one day it will be because we could just cover that nonsense all day long.
Here we go.
Okie doke.
So here we go.
Wild stuff with the left always.
They never cease to disappoint.
Florida Governor Ron DeSantis responds after a woman is arrested for allegedly, we have to use that word, I know, until they are convicted.
Assaulting a trooper.
This is not Minneapolis, he says.
So she tried this in Florida.
Good luck to you.
After the incident, Governor Ron DeSantis, he talked about it during a press briefing and reminded people that Florida is nothing like Minneapolis and that there are consequences for this type of behavior.
He says, this is Jennifer Cruz of Jacksonville.
Jennifer disagrees with immigration enforcement and decides to commit a few felonies by getting out of her car and punching a trooper in the face.
But unlike Minnesota, we don't put up with that nonsense.
Not today, Jennifer.
So he warns the Jacksonville woman, Jennifer Cruz, who assaulted the trooper during immigration enforcement, who now, by the way, she faces felony charges.
And we've actually got the video of it, which took a little bit to get, but we were able to find it.
And here it is.
Let's see here.
The footage shows the moment the anti-ICE agitator manhandled, was manhandled after punching Florida Trooper in the face.
My gosh, I thought we had it.
I don't think we do, actually.
I'm looking for it.
Let me see.
They're claiming that here it is.
Yes.
Now, I may have a little bit of an issue here because it is looks like on YouTube.
And if it has an ad, I may just have to do something else and then come back to it, but we'll see.
Sometimes this happens.
I'm sorry.
Just give me a second.
Let me see what I can do with it.
No offense.
But if you're paying $130 per month.
on let me try to oh gosh That's what I hate about this stuff.
So I have to go through those things.
So I'm trying to watch it.
And it won't let me get out of there unless we listen to it.
You're getting ripped out.
All right.
Let me just skip the ad.
This is what 92 hair washes can do.
I see how frustrated you guys get with ads.
I totally get it because I'm just trying to play a video.
All right.
Anyway, I won't be able to play it.
I'll drop it into chat.
So if you want to go through that, you can.
They put you through it, do they not?
So anyway, the ICE agents, they showed up with a state trooper.
They detained the driver.
A local grocery store owner told in news for Jax.
And so they said, yeah, they had an operation going on.
And after that, they had detained another person.
But it seems they got into an altercation with that person and it turned violent.
So Governor DeSantis, he taunted Cruz about it not being Minneapolis.
And he said, I don't know.
There was a woman who came out and assaulted one of our troopers.
Let me just tell you guys, this is not Minneapolis.
So anyway, I'll put this in so that you have it in the chat.
I'll share it because I know it's frustrating.
I try, eh, but, you know, sometimes my videos work out for me.
And sometimes they don't.
Absolutely Yes, Absolutely00:14:39
I should ask Polly Market, please, let's do, you know, let's do one for the Jules Jones live show.
See if she can get any of her videos to play today.
So that is our segment on what is wrong with these people.
The answer is, of course, spoiler alert, plenty.
All right, let's move in to the Trump victory vault because there were so many victories, even with all of the stuff going on, all of this chaos.
President Trump, as always, just did a tremendous job.
Here we go.
All right, so President Trump has been on the move, even with all of these things happening here.
President Trump, he unveils the great healthcare plan to end Obamacare failures and stop funneling billions to big insurance companies.
Thank you, President Trump.
President Trump also announces the Board of Peace for Gaza.
It is officially formed.
Then you have Trump announcing the tariffs on eight NATO countries until deal is reached for complete and total purchase of Greenland.
Tariffs to increase on June 1st.
And then Senate Republicans strike down Venezuela War Powers Resolution.
Two GOP Senators Flip.
And Vance is the one who casts the tiebreaking vote.
So there is our victory vault.
And I'm sure there's even more wins today.
With President Trump, you can always bet his way.
You won't be disappointed.
Just an incredible man in an incredible time.
So we are going to move into our question of the day.
See what you all have to say.
I know a lot of you have plenty.
And here's the question again for all of you wondering what that was, because it's been a while now.
Should elected officials be held criminally responsible for fraud?
Well, that's up to you.
A lot of you didn't just answer with a yes or no.
You never do.
It doesn't seem.
There's all kinds of answers here.
Normally it's a yes or no, but not this group.
No, no, never, never.
You have proudly deplorable yes, yes, yes.
And the penalties and prison time should be automatically doubled for elected officials for perpetrating fraud and for betraying the public trust.
This is at Rob Plegram Sr., who is the one who manages to do that top 10 in only 10 stories, I can't imagine.
And also the monologue, thank you, proudly deplorable.
At SIGTOR YTTP, absolutely 100% and more.
They should be a shining example for all of truth and justice.
At Arken John 68 says absolutely they need to have all funds seized and have to record an apology from federal lockdown.
At Molly McFrawley, absolutely, those that commit fraud looked the other way or were derelict in knowing about it.
At PKTENN says yes, of course they should.
No one is above the law, right?
At DKA Mays says absolutely they are all in on it.
At SGTRJC, absolutely life and get mo.
At Kimber Tucson says yes, they participate in it and should be held accountable.
At FACE, at FACE T-I-O-U-S, SOP.
Says yes.
Some of these names, it takes me a while and then I'll leave the show.
I'm like, oh, I got it.
You got Lisa KLE 04212122 who says absolutely.
At Lady Die 25059763, yes.
At JJR, SVL says absolutely yes, especially when they knowingly do so.
At Roger, DA 8627643 says yes if they can be tied to fraud, completely defrauding the American people.
At Pritchett 1776, 1,000% yes, they should be cuffed, frog marched, and tried, found guilty, and get prison time.
At A, Conservative Day A says yes, but only if they are allowed to trade stocks while in prison.
They need to pay for protection somehow.
Plus, they need the money to continue paying their victims off to keep quiet.
And don't forget the lawyer's cost.
A little bit of sarcasm there.
At Carol, CCS1222 says absolutely.
At CYMW 2022, yes, they absolutely need to be held accountable.
At ReaderMom 2305, yes, yes, yes.
At 93 South Mills says double the sentence for betraying the public's trust.
Banned from future elected office.
At Robert V 601-49759, yes, they have a fiduciary responsibility to protect our tax dollars.
At Patriot USA 69 says yes.
At Cindy Clower at Cindy Clower says absolutely.
At Linda, at Lisa, SYK 1860-5457, yes, and they should have to pay it back.
At Crocheting Farms, absolutely they should be held accountable.
It's under their watch and either they are complicit or too dumb to be in office.
At Ron Ling 53, absolutely yes.
And go a step further.
They should be required to pay restitution to all the people they stole from.
At Rio Laura Lenti, yes, 80 million people await.
Should officials get more aggressive, more transparent, and charge within a timeframe.
Let's include dishonorable judges too.
Well, I got my feathers going.
At Beretta, SJ, who says only if they cover it up, not if they call for audits and uncover it.
At Ultra Cali Girl 47, absolutely, just like the rest of us.
At my SNZMOMY, absolutely.
At American Dawn 16, 100% yes.
At Kevin S. Johnson, 80, yes, anyone involved with it or who covered it up should be held accountable.
I hope you are all following each other.
That's the rules to play the game.
That's important.
Make sure you're following everyone.
At Fort MyersGuy64, and he spells it at F-T-M-Y-E-R-S-G-U-Y-64, 100%.
At Kitty underscore Mama20, yes, absolutely.
No one is above the law, especially government politicians.
They should know better.
At Michelle Elizabeth 1 says absolutely at Jill's Jones Live, they are not above the law.
We need accountability and Pam Bondi needs to get off her and start arresting these people.
Enough is enough.
President Trump must start really pressuring her to get these people arrested.
I think it's in the works.
I think we're going to see some big stuff, just so you know.
At CASC 1776, yes, and all of the monies they stole and kept should be confiscated and returned to we the taxpayers.
In addition, prison terms should be in excess of 20 years held in a tent city with pink undies and PB ⁇ J sandwiches for meals as Sheriff Joe and AZ treated prisoners.
It's very descriptive.
Thank you for that.
At Deborah J. Simmon 1 says yes, the administrators of the state, much like CEOs of a company, they are responsible for the bottom line.
The fraud should be found out during accounting of the assets.
So yes, they are liable.
At Wings underscore Pirate says no question, this fraud needs to stop and most of them are responsible.
At GSUSY63, absolutely, we seem to still be in the rules for the but not for me thing.
It's infuriating.
It certainly is.
At Kit 0604, yes, absolutely.
Maybe it would cause them to think a little bit.
Right now, they just take cash.
At Ron Blasco, yes, if they are stealing from taxpayers, they need to be held accountable.
Nobody is above the law.
At Winston Piper, 100%, yes.
At BJ Cole M, 77570727, yes, if it can be proven that they were negligent or even criminally responsible for fraud.
At Spear, 01369872, if there is clear evidence they knew and looked the other way.
Heck yes.
If they were in on it, hell yes.
At Downtown Ferry, yes, when it is systemic and so overwhelming as in Minnesota, there is no way elected officials are not complicit.
Totally agree.
At Maybree Share, 48,909, 100% corruption starts at the top, not the bottom.
The level we have seen from Minnesota screams of how corrupt their leadership is.
It's why Waltz was selected for VP.
He's not stupid.
He's fully corrupt and willing to do whatever he's told.
At Zeta underscore Alicia says, yes, elected officials who commit fraud should face criminal charges, prison time, full asset confiscation, and lose their cushy government pensions forever.
No more sweetheart deals for corrupt politicians.
Hold them accountable.
At King Bob of X, and this is at King Bob0011.
Moreover, to my comment, oh, we have a comment below.
Let me start there.
King Bob doesn't do it in a sentence.
No, you'll see him several times.
He says, absolutely, no one is above the law, right?
What a joke.
Rules and laws apply only to the plebs.
That is how corrupt government works, especially in commie regime.
I grew up in one and can smell a commie from a mile away.
Comies, aka Democrats, and rhinos work together for themselves.
Moreover, to my comment, rebranding is part of the game.
Communist Party is now socialist, and I find that spectacularly hilarious.
That most people don't know that the Socialist Party in Germany prior to World War II became the Nazi Party.
I keep saying, read a history book sometimes.
This is King B. King Bob.
At JCS 598-11977693 says, yes, if they commit or enable fraud, Minnesota whistleblowers were ignored and retaliated against.
Most prosecutions were feds, not Waltz, after MDE and AG went to the feds.
Walt is responsible for oversight and increased it after, but Nick exposed Somali fraud.
Waltz's system failed.
Enabling.
At RStack, 29, absolutely, and be required to pay restitution.
If we get some accountability, then maybe fraud and corruption would stop.
At Curvy Investor, yes.
At Pam Silver, absolutely 100%.
Okay.
Oof, you guys are really on it, and you have a way for us to handle it.
Thank you very much for that.
So before I get in trouble with truth again, let me go over there.
I don't want to get in trouble on truth anymore from you all.
Oh, no.
Thank you very much.
I got some nasty grams, just so you know.
And it was deserved.
I agree.
So I apologize in advance.
Here you are, truth.
Here is your moment.
You have at Old Nurse One who says, yes, the ones that elected them would be held accountable.
No one is above the law.
At Hands on Deck, yes, the whole point of elections is representation.
Fraud is crime, even for those not elected in offices.
For those in elected offices, fraud expands into betrayal of representation.
It runs, it ruins the name of the person engaged with fraud and steals the tokens of trust that vote is, that a vote is.
There are careers and lives built on stolen trust rather than earned trust.
Enough of us must learn to see and hold out for the better side of that.
All is lost if we don't.
At Melissa, 1960 says, of course, liquidate their assets and throw them in prison.
No pensions either.
Yep, agree.
At ML Hans, 518, absolutely not just held criminally responsible, but seize their assets and return the money to the taxpayers.
Post-haste before they hide their stolen money.
At Rick Psalm 63, absolutely 100%.
At Just In 97, 98, 71, 40, 40, 44.
A crime is a crime.
Our 1787 Constitution is law.
Nobody is above the law.
Again, let me give him another shout out on his name because I screwed that one up spectacularly.
That is Just In 97, 98, 71, 44.
At Kathy Allen52, absolutely.
At CK ROM01, hell yeah, these scumbags get away with too much.
At DOVZ, says yes.
At Dawn, 1963, they are no different than anyone else.
At Tool Mann Jr., absolutely yes.
At Hot Fries, Cold Cat Cats Up.
And so that's, all right, let me spell this one out.
That's hot fries, cold cats up.
Punishment Without Doubt00:04:12
C-A-T-S, for those wondering.
Absolutely, yes.
They put, they take a poop just like we do.
Yes, right.
They are human, in fact.
They are.
So don't let them intimidate us.
I'm tired of it too.
I know.
I know you all are.
I know I am.
I've had about enough of it.
But I think if we've ever had a chance, it's with the Trump administration.
I mean, otherwise, all is lost.
But I love hearing your comments, just so you all know.
I mean, I really do.
And I read them afterwards.
So if ever you want to give a shout out to the show, just know that I'm reading them because I just love to hear what you have to say.
We're all in this wild little bubble over there on X and different social media platforms.
So I like to hear what you have to say about some of this stuff.
I mean, sometimes I'm like, gosh, am I the only one that feels this way?
It just gets infuriating.
And I feel sometimes that way because of where I live.
So it's really nice when I'm able to, you know, find my kindred spirits out there and see what you all have to say.
Here's Getter, because I don't want to get in trouble on Getter.
All right, and this is from at G Men Glenn.
He says, Are they or their campaigns financially benefiting?
If so, they are part of the conspiracy and guilty of a crime, especially if the politicians order a whistleblower or law enforcement to stand down.
All right, on to X. Thank you very much, Glenn O'Bannon.
I appreciate it.
All right, so let's find us.
Question of the day.
Wow.
I'm begging you.
Stop.
See, they do it on mine too.
All right.
At Denise Galetta, 3832 says, absolutely.
Thrown in the clink for a very long time.
At Katie/slash Slane, Katie-Slain, sorry.
Yes, Jules, I do.
We're supposed to have oversight, and we obviously do not.
Elected officials should be, or at least be bonded for an appropriate amount.
If they're caught, they should go to jail and forfeit their bond.
There you go, thinking ahead.
At Candy, C Stave 861 says, It doesn't matter.
If you show up to testify, show them the money.
We don't have enough money to compete with lobbyists.
They are all bought.
At Nancy, 9954.
Gosh, Candy C, you're so right about that.
It's just really, they are all bought out.
They've got all of the funds to get a lawyer and everything else.
It's just infuriating.
And that's because they sold us out to begin with.
Right?
That's why they have all the money to bail themselves out because they know exactly what they're going to do ahead of time.
Because it's all premeditated.
At Nancy, and she spells it N-A-N-S-E-A 99.54.
Oh, yes, without a doubt.
Public punishment is a must.
Hasn't it been said that nobody is above the law?
True.
At Denise Greco, 3551, absolutely.
At Tony H101, yes.
At Skinny Biker, absolutely 100%.
No possibility for side deal or keep your position.
At Medic, 3535, nobody is above the law.
At Sleeper, 9381, I say yes.
But if we did, we would have nobody running the country.
At E underscore Hun, underscore done, without a doubt, what's good enough for the goose is good enough for the gander.
It should hold more weight seeing how they have the inside scoop on it all.
Add automatic impeachment to the punishment as well.
At Stephanie Gunter, 7351, of course, they're subject to law, the same as anyone else.
Throw the book at them.
At A Cash, at A Casha, 8606, yes, elected officials absolutely should, no matter what office they hold.
At TheZuck Dog, No One Is Above the Law.
At Jenny Kirshner, 4887, Yes, Yes, and Yes.
At Phil John, 763, Yes.
Elected Watchmen00:03:35
At Cindy Davis, Dash C3VX, yes.
They are elected to be the watchman for the people of a state or a nation.
At Candy C Stave 861 says, yes, I've been waiting for years.
You walk into the Capitol at Sacramento.
Oh, you're over here with me and can smell the money.
As pharma lobbyists slide in and out the side doors, your county health officers take the opportunity to grab cocktails with lobbyist SB277.
Senators work for pharma, not living in districts they were supposedly elected to.
Mining files of school-aged children to smoke out docs, writing medical exemptions, your supervisors encouraging it all.
Sounds like a California conversation.
Hello there, Candy C. Stave.
Neighbor.
At Ronnie Wade, this is Fleet Admiral James, by the way.
I'm going to give him up.
I'm going to let you know who he really is.
I am going to let you know who that is.
That is Fleet Admiral and who put this show together because Penzi was on a cruise and he did a beautiful job.
Got to say, just an amazing job today.
And she came in too in the end.
She's like, I am back.
Tried to get internet and everything else on the cruise, but had a really rough time.
Paid for it and everything.
But, you know, we've got Fleet who just does a beautiful job every single week.
And he just came in for the save.
Just did an amazing job.
At Ronnie J. Wade, 12, he says yes.
Perfect that we ended with him.
What an amazing time in our life.
I mean, it's really been something.
I don't know what to say other than, my gosh, there's so much more that we're going to see.
I want to give a major shout out to my incredible team because they truly are.
I could not do this show without them.
Phenomenal.
They work tirelessly behind the scenes.
Endless appreciation to the brilliant Patriot Penzi for her insightful articles and meticulous research.
A huge thank you to storytelling maestro, Rob Plegram Sr. for delivering captivating monologues and curating the week's top stories with unmatched precision.
And special thanks, especially this week to Fleet Admiral James for enriching every aspect of what we do and for the incredible work that he does all week with both shows.
I want to give a huge thank you to Megavolt007 for the game-changing ideas and relentless efforts that keep us moving forward.
And of course, a standing ovation to all of you mods.
You are truly marvels in and of yourself.
I mean, I'm going to put you up here on the screen.
I really appreciate everything that you do.
You make it to where we have the best chats anywhere in the interspaces, in the interzones, whatever you want to call it.
But it helps us because it's a great place for us to connect, share, and spill the tea.
We're beyond grateful for everything that you all do.
A sincere thank you to Nick Twit and for Link London for generously sharing these beautiful melodies that we have been able to play in the past.
They are dear friends of mine.
But as we close, I just want to just let you all know: you know, here we are, another day, another deep dive into the chaos, corruption, and political gamesmanship that define our times.
Remember What's At Stake00:03:30
Today's story has been a wild ride from the birth of the Federal Reserve in 1913 to the current mess with Jerome Too Late Powell.
It's a tale of power, politics, and frankly, betrayal of the American people.
Let's also not forget where this all started.
The Federal Reserve was created to stabilize a chaotic financial system to prevent panics and to ensure the economy could grow without constant crashes.
More over the years, it's morphed into something much bigger and much more dangerous.
What was supposed to be a hybrid system balancing public oversight with private independence has become a tool for political manipulation and unchecked power.
And now we're seeing the consequences of that power in the hands of someone like Jerome Powell.
Powell's actions or inactual actions speak volumes.
He has slow-rolled interest rate cuts that could have fueled economic growth under President Trump while conveniently lowering rates aggressively before the 2024 election to boost Kamala Harris's chances.
Coincidence?
Hardly.
This isn't just bad judgment.
It is a political sabotage.
Powell has proven he's willing to suppress the economy, hurt American families, and hold back our nation's potential, all because of his disdain for President Trump.
And let's not forget the $2.5 billion renovation boondoggle at the Federal Reserve's headquarters.
Billions of taxpayer dollars wasted, and Powell lied to Congress about it.
You can't lie under oath and expect to walk away unscathed.
But here's the thing: this isn't about Powell.
It's about the system that allows someone like him to wield so much power with so little accountability.
The Federal Reserve was never meant to be a political weapon, but that's exactly what it's become.
Powell's term may end in May, but that's not enough.
He needs to be held accountable, indicted, prosecuted, and made an example of.
So this never happens again.
And as we wrap up today's show, let me leave you with this little number.
Benjamin Franklin, as we said at the beginning of the show, once said, a republic if you can keep it.
Those words are as true today as they were in 1787.
Keeping this republic means holding people like Jerome Powell accountable.
It means demanding transparency, integrity, and a government that works for the people, not against them.
So as we head into President Trump's second year of his second term, let's remember what's at stake.
This isn't just about interest rates or economic growth.
It's about the soul of our nation.
Will we let unelected bureaucrats and leftist operatives undermine our republic?
Or will we stand up and fight for the America we know and love?
This is Jill's Jones signing off.
Grab your tea, hug your loved ones, and remember, the fight for our republic never ends.
But in the meantime, you all be safe, be kind to one another, and we will see you later.