The Stone Zone | 06-30-25
Episode Stats
Summary
Trump's wife, Lara Trump, enters the race for the U.S. Senate race in Tennessee, and President Trump calls on the Federal Reserve Chairman to slash interest rates to 1.5% or 2% to help the economy.
Transcript
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The Stone Zone on the Red Apple Podcast Network.
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Eric Trump, the presidential son, tells the Financial Times
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that he himself has not ruled out a race for president in 2028.
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I think the political path would be an easy one, he said.
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Would I want my kids to live the same experience?
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In the meantime, his wife, Lara Trump, is now considering a race for the U.S. Senate in Tennessee.
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That's where the rhino Tom Tillis announced after voting against the big, beautiful bill in the U.S. Senate
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Now, on this show months ago, when Tillis voted against Ed Martin,
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also known as Eagle Ed Martin, to be the U.S. Attorney for the District of Columbia,
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Now I believe Lara Trump is in an excellent position,
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not only to win the Republican nomination, but to hold that seat for the Republicans.
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President Donald Trump yesterday called on Federal Reserve Chairman Jerome Powell
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for artificially inflating interest rates and said they would be, should be,
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We have a bad Fed chairman, but other than that, it doesn't even matter.
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The numbers are so good, it doesn't matter that he keeps the rates artificially high.
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The sad truth is, of course, that Jerome Powell and the Federal Reserve cut rates
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in order to facilitate Joe Biden's re-election when the inflation rate was quite different than today.
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So the politics of what Powell is doing, I think, is abundantly clear.
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Meanwhile, the New York Post reports that Chairman Powell probably lied to Congress
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about the $2.5 billion that they are using to revamp the central bank's palatial Washington headquarters.
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$2.5 billion paid for by, yes, you've got it, the taxpayers.
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Powell said when he was asked by Senator Tim Scott, the Republican of South Carolina,
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about the grilling, that there was no VIP dining room, there is no new marble,
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Powell said under questioning from a powerful panel on Wednesday,
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there's no new water features, no new beehives, and there's no roof terrace gardens.
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But Powell, who is meanwhile facing heat from President Trump over his failure to slash interest rates,
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directly contradicted the project's own planning documents, which were signed off by the government in 2021.
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At this point, the American people need a cut in interest rates to facilitate the purchase of a home,
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The people, the taxpayers, seem to be left in the lurch here.
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Today, on Too Social, the president again hammered Powell,
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posting a list of world central bank rates, highlighting Switzerland and Japan as the top,
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with interest rates of 0.25 and 0.5, respectively, saying with a note, this is where we should be.
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Jerome, Too Late Powell, and his entire board should be ashamed of themselves
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for allowing this to happen to the United States, wrote President Trump.
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They have only one easiest and most prestigious jobs in America,
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and they have failed, and they continue to do so.
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If they were doing their job properly, our country would be saving trillions of dollars in interest costs.
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The board just sits there and watches, so they are equally to blame.
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We should be paying 1% interest or better, said the president.
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Interestingly, at the bottom of the list, the United States sits next to Cameroon and Ecuadorial Guinea
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You have cost the USA a fortune, and you continue to do so.
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Hundreds of billions of dollars are being lost.
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Treasury Secretary Scott Besson, who is one of the standouts of the Trump cabinet, in my view,
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outlined yesterday the options to replace Federal Reserve Jerome Powell as chairman.
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One option being contemplated by the administration, Besson said,
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is that President Trump appoints a new person to the Fed's Board of Governors
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to fill a 14-year seat that opens up with the scheduled departure of Fed Governor Adriana Kugler on January 31st.
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And that person will go on to be chair when Powell leaves in May.
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Or, said Besson, we could appoint the new chair in May directly.
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Last night, on True Social, President Trump pointed out how much the administration has already done
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about the high price and markets that were handed to him by the Biden administration.
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The Trump administration has gotten costs down very substantially for the American consumer,
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Meanwhile, President Trump announced that he will be attending the opening of the so-called
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Alligator Alcatraz Detention Center in Florida this week.
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The president's move comes as his administration and the state of Florida seek to build a remote detention center
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to house illegal immigrants as they await deportation.
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The site is expected to open with soft-sided holding units for hundreds of detainees
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through a partnership where the federal government provides the funding
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and the Florida Division of Emergency Management oversees its build-out and its everyday management.
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Additional holding units will be added through next month, according to this joint agreement.
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The facility is projected to cost about $450 million a year,
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which will come from the Federal Emergency Management Agency, or FEMA,
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specifically their shelter and services program that was used to house asylum seekers during the Biden administration.
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The facility will reportedly hold migrants arrested in Florida
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and migrants transferred by the U.S. Immigration and Customs Enforcement officers,
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The president plans to join the head of the Department of Homeland Security,
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Kristi Noem, as well as Governor Ron DeSantis of Florida for the opening tomorrow.
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President Trump is also threatened to cut New York City's funding if the voters elect a lunatic as mayor.
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In the wake of communist and Islamic radical New York City mayoral candidate Zoran Mamdami's Democratic primary win,
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speculation has abounded regarding what could become the nation's most populous city
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if a full-on socialist wins the general election.
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President Trump has certainly not shied away from his own criticism of Mamdami.
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This weekend, he issued a clear warning to the Big Apple should its voters choose to elect a radical candidate
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to replace the current Democrat mayor, Eric Adams.
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The president said, and I quote, he's a communist.
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I don't know what he's going to get in, but he's a communist and he's a pure communist.
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But let me say this, if he does get in, I'm going to be president.
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He's going to have to do the right thing or he won't be getting any money.
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It's not really clear what the president meant by that,
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but we did see where the Democrat candidate, Mr. Mamdami,
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specifically said that white taxpayers should pay more than everyone else.
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That's, by the way, highly unconstitutional and quite illegal.
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Trump once said he never believed the country would elect a socialist.
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but I used to say we will never have a socialist's country.
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No, perhaps not, but we will have a communist because he, Mamdami, is a communist
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So I was very surprised when I said I never heard of him.
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You know, honestly, the Mamdami phenomena is based on younger voters,
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many of whom don't really even know what the candidate stands for.
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Very much like Barack Obama promising hope and change.
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And in a weird way, kind of like Donald Trump running as an outsider
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Mamdami is poised to be the front runner in the current race for mayor.
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And he could very well have a split opposition.
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At this juncture, I do not see the Republican candidate,
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Curtis Sliwa, the current incumbent mayor, Eric Adams,
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and quite possibly former governor Andrew Cuomo,
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who also filed as independent, dropping out of the race.
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This three-way split could clear the way for the election of a radical leftist mayor
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who has openly said that he wants to defund the police
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because he says that violence is a construct, whatever that means.
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And probably the biggest win yet for the Trump administration,
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that the use of nationwide injunctions is no longer permissible.
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issue this sweeping order that affects the entire country
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stemming from President Trump's executive order
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the high court finally said that universal orders
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that Congress has granted to the federal courts.
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authored the majority opinion for the 6-3 court decision
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The court granted the Trump administration's request
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only to the extent that the injunctions are broader than necessary