← Real America’s Voice
Real America’s Voice
Just the News No Noise with John Solomon and Amanda Head, September 9th, 2025
00:50:00
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- [00:00]
Paolo Tiramani
This is an I heart podcast.
- [00:04]
Dr. Dennis Black
Greetings, Naturopathy Dr. Dennis Black here, founder of Rough Greens. And if only dogs could talk, I think a lot of them would say, hey, thanks for the love, but this food, it's not working for me. The truth is, they'd be right. Because most dog food, wet or dry, is cooked at such high temperatures that every live nutrient in it is destroyed. And what you're left with is dead food bulked up with fillers and sprayed with artificial flavors. That's not what dogs need. But when you add back in the live vitamins, omega oils and antioxidants are in Rough Greens, your dog would say something different. Like, they'd say, wow, this is delicious. Or sluggish dogs might say, hey, let's go for a walk. Older dogs might say, I feel like a puppy again. It's not magic. It's biology. Don't just imagine it. See it in your dog. I'll send you a free Jumpstart trial bag for your dog. You just cover the shipping. Go to ruffgreens.com, use discount code talk. That's R U F F Greens discount code. Your dog could only talk, they'd say, thank you.
- [01:31]
John Solomon
Good evening, America. Happy Tuesday. Welcome to the latest edition of Just the News. No noise. I'm your host, John Solomon reporting to you as always in our nation's capital. Yep. Washington, D.C. we've got a lot of news to get to tonight about the horrific murder of Irina Zavrutsky. It's just the latest example of violent crime in America City. It's a problem that the Trump administration has been pushing to fix for the last few months. President Trump has already spoken out about it, and we've now heard from the Justice Department with U.S. attorney for the Western District of North Carolina, where that heinous crime occurred. Russ Ferguson saying this earlier today while announcing the man who stabbed her to death is facing federal charges. Take a watch.
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Steve Bannon
No one should sit in fear when they sit on the light rail. If you sit in fear on the light rail, you sit in fear when you walk around the streets of our center city, like I do every day. You sit in fear when you go to our parks, like I do with my daughter every weekend. You sit in fear at our sporting events, our entertainment venues, at concerts, at restaurants, at our museums. These are all the things that we have worked as a city so hard to build. We built a city that people want to live in, but we can lose that all if we allow violent crime like this to go on in our streets. And I'm here to tell you the federal government is going to save our city from that.
- [02:46]
John Solomon
Time for the federal government to save cities all around this country that have allowed heinous felons to get out of with a slap on the wrist after committing bad crimes so they could commit more crimes like what happened in Charlotte recently. What an extraordinary story. Attorney General Pam Bondi also issued a statement writing on exit the DOJ will be prosecuting Decarlos Brown Jr. Don't forget that man's name, the alleged attacker with murder and will seek the maximum penalty. Assistant Attorney General for civil rights at doj, Harmee Dhillon also responded on X, noting that crime is a civil rights issue. We're going to be speaking a lot more about this tonight with our first guest, so stay tuned for that. Before I get to it, a couple major things that happened in the last hour. The Supreme Court just a few moments ago, using John Roberts as the decider, has told President Trump he may not he can go ahead and refuse to spend the remainder of that foreign aid money siding with President Trump and at the lower courts. That's one victory. And then a little bit before that, the Supreme Court as a full body decided to take on as an emergency matter the the tariffs case on whether the president has the power to impose the emergency tariffs that he did. That case could have a profound effect on the entire Trump agenda. And it is a big moment as the Supreme Court, Supreme Court took it on an emergency basis. And one other one that occurred just a little while ago, you remember Merrick Garland was okay with the FBI and Justice Department spying on parents and looking to prosecute them for just expressing their opinion at school board meetings. Well, Pam Bondi is no Merrick Garland. Today her department issued a memo to all components of the Justice Department, including the FBI, making clear this department will protect and enhance parents rights from any threats, any efforts to censor them, whether giving peaceful feedback to school boards, any efforts to stop them from taking control of their children's life and doing what's best for their children will be protected by the Justice Department. That memo was exclusively broken by just the news. It's up to go. Check it out today. Now an amazing time to bring in my amazing co host Amanda for other headlines. Amanda, what's on your radar today?
- [04:49]
Amanda
Good evening, John. I actually want to stay on crime and that horrific Charlotte stabbing, the cut because it's really ignited a firestorm online lately. President Trump again spoke out about it earlier today, releasing a video on his tough on crime policies and why they are so desperately needed. Take a look.
- [05:06]
Congressman Scott Perry
She was slaughtered by a deranged monster who is roaming free after 14 prior arrests. We cannot allow a depraved criminal element of violent repeat offenders to continue spreading.
- [05:18]
John Solomon
Destruction and death throughout our country. We have to respond with force and strength.
- [05:24]
Dr. Dennis Black
We have to be vicious, just like they are. It's the only thing they understand.
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Congressman Scott Perry
24 of the top 25 most dangerous cities in America are run by Democrat mayors. 50 people were murdered in Chicago in.
- [05:38]
John Solomon
Recent weeks with hundreds being shot.
- [05:41]
Dr. Dennis Black
And it's time to stop this madness.
- [05:43]
Amanda
And of course, the. The President is right. This doesn't need to happen. And in this case, where the alleged murderer has a long criminal record, he probably shouldn't have been out on the streets to begin with. And I don't think anyone is against bringing down crime and holding criminals accountable. But that's not what the mainstream media is taking from this story. The narrative that they are pushing out is that Republicans are pouncing on this crime as a way defend President Trump and his policy. Seriously. Take a look at this mashup from our friends over at Newsbusters if you don't believe me.
- [06:15]
Steve Bannon
Fueling a political firestorm, how a video of a deadly stabbing in Charlotte has.
- [06:19]
John Solomon
Turned into a flashpoint as the administration pushes its crime crackdown.
- [06:23]
Amanda
People are murdered every single day. But this particular one, I'm trying to understand why this has become such a flashpoint on the right.
- [06:32]
Paolo Tiramani
I have to say some of the replies to Musk, some of the comments around this story are, are baldly racist.
- [06:37]
Chet Love
The President and his allies are using the attack to accuse Democrats of being soft on crime.
- [06:42]
John Solomon
Yeah.
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Congressman Scott Perry
So the President has pointed the finger at Democrats.
- [06:45]
Amanda
Members of the Trump administration also used the video to criticize Democratic led cities. And I just want to add a little bit of data to this conversation. The National Crime Victimization Survey, they put out this report and I found these numbers. From 2017 to 2021, black on white, violent incidents totaled 2.38 million. White on black to the convent contrary totaled 37 million. So I think that that might have something to do with the media's coverage of this. But John Newick, what do you make of it?
- [07:16]
John Solomon
Well, listen, I also think what the gentleman says, and maybe gentleman's not the right word, what the suspect says when he stabs her as a clear evidence of a race crime, even though the news media is there, I think people should listen closely to what that man utters after he stabs that innocent woman who did nothing except sit and read a document on a train. This is a really serious issue. Yes, it looks like he has a history of mental illness, but it is not doing the country any favor when the media tries to gloss over just how bad a crime this was. And if the roles are reversed and it was a white guy stopping a black woman saying the exact same thing and acting the same way, I wonder how the media would have reacted then. So we do have an imbalance in the coverage. Wikipedia today literally is getting plastered for the way it tried to hide what really happened here. And what I'm glad is that people are speaking up and not accepting media or Wikimedia or Wikipedia hijacking of the debate. And I think that's a good thing.
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Amanda
Yeah, absolutely.
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John Solomon
Good thing indeed. Another good thing is anytime we could start our show off with the great congressman from the state of Pennsylvania, the commonwealth of Pennsylvania, our good friend, Congressman Scott Perry. Sir, good to have you on the show.
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Congressman Scott Perry
Hey, John and Amanda, great to be with you.
- [08:27]
John Solomon
Great honor, as always. Sir. You are a common sense guy. You love Law and Order. You know, it works. The media's narrative on this Charlotte episode, like so many before, it does seem to run contrary to the common sense of the American people. What do you think's going on behind the scenes at media companies and Wikipedia? They can't tell the American public the truth, even when they see it with their eyes.
- [08:48]
Congressman Scott Perry
Yeah, it doesn't seem to be that way, Amanda and John, it is that way. Right? You know, saying that the Democrats were accusing them of being soft on crime. No, we're just pointing out that they are soft on crime. This guy's been arrested multiple times, got mental health issues, allowed out on the street to be a predator, you know, for multiple people. And unfortunately, this young lady who survived the war in Ukraine, came to America to be safe, just minded her business and get stabbed to death in front of everybody. And, you know, unfortunately, in our society, there was other people on the train. They just watched. They watched this happen. The blood's dripping off the knife as he's walking by saying, I got the white girl. Look, it doesn't fit the narrative that the media wants you to have, that the country is a racist country based on whites disliking blacks or something like that. None of that can be true. None of the statistics bear any of that stuff out. That's the narrative they want. This doesn't fit the narrative, so we can't talk about it.
- [09:51]
Amanda
That's right. And, Congressman, there's something else that has really been bothering me with this story, but a lot of these instances in the past, and it is this narrative that we seem to see from Democrats, and we saw it with the Charlotte mayor, where they use the. The issue of mental illness to soften criticism of a suspect. And as we all know, when, when you take mental illness into the equation, that oftentimes affects sentencing. I. Maybe there's a mental illness issue, but it's evil. Is, are we maybe at a time where it's time to take the mental illness aspect off of the table and just look at the evil of the crime?
- [10:27]
Congressman Scott Perry
Well, it is the evil of the crime, regardless of why you committed the crime. And, and I would say this, too. They always talk about the mental illness, and I suspect that this individual has a problem with mental illness, but that is not an excuse. And, and you can't. You should not get. And I don't think, I'm not a lawyer, but under functions of the law, they don't ask if you have mental illness. You're either insane or not insane. And if you're insane, then they'll reduce your sentence, maybe, or put you in a mental health facility or something like that. But if you're just, you know, a little touched and hurt, people, well, they see that as well. That's not too bad. And we're sorry about your condition. I'm sure we caused it somehow. And, you know, you're allowed back out on the streets to be a predator against other people. We've got to get right with what happens with mental illness and deal with it because there are people that are being preyed upon and being victimized because we're soft on mental illness after the fact and we refuse to do anything about it before the fact.
- [11:31]
John Solomon
Yeah, that's it. There's been some powerful messages sent by Pam Bondi, by President Trump, by Cash Patel. We, we caught the two guys that killed that congressional intern. We've. The person who stabbed this Ukrainian immigrant for no reason. The fact that the feds are doing the work that local police couldn't do, what message is that sending to cities, to the residents of cities, that the feds can do it when your cops can't?
- [11:56]
Congressman Scott Perry
Well, I think the issue is, is that it can be done by somebody. Right? That's the issue. Some people are saying, look, this is as good as it gets. There's always crime in cities. You just have to live with that. And acting like there's nothing can be done that can be done about it. Obviously, that's not the case. If you're willing to do it, if you have the will to do it. And remember, one of the first charges of your local government, law enforcement is a state and local issue. One of the first roles of state and local government is to protect and keep their citizens safe. It's not that they can't, it's that they don't want to. They refuse to.
- [12:31]
Amanda
Great point, sir. On the issue of law and order. But as it relates to illegal immigration, we all saw that move by the Supreme Court yesterday morning. That, to me signals the likelihood that they are going to side with the Trump administration on federal efforts to root out illegal immigration. So should other blue cities brace for impact? Because you got cities like Chicago who are really reticent to take the help. But it looks like that help might come whether they like it or not.
- [12:56]
Congressman Scott Perry
Well, we're in this country, whether you're a citizen or not, you have to obey the laws. And of course, if you're here illegally, you've broken the law. There has to be accountability for that. Everybody else in this country has to live under the system of accountability, whether you choose to speed and get caught or whether you do something much worse. And just because you came here illegally doesn't mean you get a pass because you wanted a better life. Everybody wants a better life. You know who else wants a better life? Bank robbers want a better life. That's probably why they rob the bank and take the money. But it's illegal, so you're going to have to be punished for that. So I think the Supreme Court is going to look at the Constitution, the laws passed by Congress and add that up and say, huh, this is constitutional. This is the law. Yes, the executive branch can execute the law.
- [13:44]
John Solomon
Yeah. So very important. You had a really profound post on X today talking about the SAVE act and comparing it to letting a stranger into our house and say, you wouldn't let someone in your house and give them your wallet and keys. So why would we allow illegal aliens to vote and dictate the course of our country? This is a common sense piece of legislation. It's got like 80% support when you look at polling. Why can't it get through Congress?
- [14:09]
Congressman Scott Perry
Well, it's gotten through the House. The question is. Yeah, the question is, is Leader Thune going to put it on the floor in the Senate? And oftentimes people say, well, we don't want to put it on the floor because we don't want to see it fail yet. No, we don't want to see it fail. But what we really want to see is Which Democrats are going to vote no and put people that are here illegally in front of citizens that are here legally. And I think we need to know that. Look, it should pass. Democrats should vote for it. Because like you said, it's not a Democrat or Republican issue. It cuts across partisan lines. So people on the right, in the center and on the left support it. Let's put it on the floor. Let's see if John Fetterman will vote for it. Let's see if Chuck Schumer will vote for it. Let's see if Americans that serve in the Senate will support American citizens that pay the bills.
- [15:02]
Amanda
Sir, we've had many conversations with you over the years about matters pertaining to the Constitution. And it strains credulity that there's someone on Capitol Hill who sees it so differently than we do. But Senator Tim Kaine recently made these comments about our, Our rights campaign coming from the government and not from God. How is he. How is he led so astray in the context of being on Capitol Hill and being someone who's supposed to know the Constitution very well?
- [15:30]
Congressman Scott Perry
Well, you know, we have a republic, right? And that means that even people that are clueless or uninformed or whatever he is can still get elected. And, you know, you would think it would be a minimum standard to have an idea what it says in the Declaration of Independence and the Constitution, but there is no requirement. And so, unfortunately, Cuckoo Birds gets elected to the United States Senate, apparently, that don't have any clue what their country is about and what the proper role of government is. I mean, that says more about him and some of the people that voted for him, obviously, than it does anything else.
- [16:07]
John Solomon
Yeah, no doubt. Sir, before we let you go, you're a rarity in Congress, a general, an adjutant general who serves in Congress. I know protecting every veteran's life is so important. We're celebrating National Suicide Prevention Week. How are we doing in protecting the women and women who went to war to protect us? Are we doing a good enough job to get them the help they need when they need it?
- [16:28]
Congressman Scott Perry
Well, I will tell you, I know that we're struggling mightily. We all, whether you're on the left or the right side of the aisle, believe that we must take care of our veterans. Even Abraham Lincoln said, you know, to take care of those who have borne the battle. Now, this is a particular issue for me because I have legislation for a process that is legal, has been around for 100 years, is already being conducted in some of the VA's, the VA hospitals and facilities, but not all of them. It's 85% effective, John, like you said, 20, 22 people, service members that pledge their lives for defense of the country die by, you know, they commit suicide every single day. And it is so unfortunate. And the thing is, is that I believe it's unnecessary. I wish that I could move my legislation off dead center. I wish I didn't have to have the legislation. I wish that the VA would just offer the treatment right up front, save the money, save the lives and, you know, and let's really solve this problem. So I think there are solutions out there, but unfortunately politics are at play and it costs lives of our great veterans.
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John Solomon
Unacceptable. The great unacceptable. Yeah. All the sacrifice, sacrifices they made for all of us here, you included your service to this country, such an extraordinary thing. Congressman, a great honor to have you on the show today. Thanks for joining us.
- [17:52]
Congressman Scott Perry
Honored to be with you. God bless you.
- [17:54]
John Solomon
Thanks for the opportunity, sir. Thanks for what you're doing. All right, folks. President Trump is talking about doing an executive order to make housing affordable again in America. Our next guest has created one of the most extraordinary companies building affordable homes. It could be a game changer in the Trump economy. We're going to talk to the CEO and founder of Boxable right after these messages.
- [18:19]
Amanda
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- [19:18]
John Solomon
Welcome back, everybody. It's hard to believe, but over the last decade, the American dream of owning a home has become much more difficult for most Americans. We have a 4.5 million home shortage in America, high interest rates and also that shortage driving up prices. And a lot of young people don't think they're ever going to get that chance to have their slice of Americana. But our next guest, through the old art of innovation, is building an incredible opportunity. He's an industrial designer, one of America's most innovative CEOs, and the majority shareholder at an incredible company called Boxable. He's a good friend, Paolo Tiramani. Paolo, good to have you on the show, sir.
- [19:54]
Paolo Tiramani
Don, great to be on the show. Great to see you.
- [19:57]
John Solomon
All right, for those who may already own a home and don't know just how innovative boxabl is and how much it's changing the opportunity for people in America to own a home, tell us a little bit about why you started the company, what it does.
- [20:08]
Paolo Tiramani
Yeah, absolutely. So Boxable is basically a sort of five year old baby at this point. So it's still a startup, I would say. And we've been building homes for about three and a half years in this giant Vanishing Point factory behind me. We've got about eight acres under a roof and, you know, spooling up production. I think we've made around 900 1,000 homes, something like that. And we got very well known for our introductory product, which was the Casita, which is a home that unfolds famously. It's got nine foot ceilings, nine and a half foot ceilings, fully featured. Our first customer was very famous person. A lot of people know who that was. And a second customer was the Department of Defense. So we got off to a great start. And the goal of the company is very, very simple. I started it with Gary, my business partner, also my son, to fix the national housing crisis. When you, if you're doing a startup, oftentimes it's easier to do something big than something small. So we searched around for a big problem to do something useful on the planet and came up with housing and especially for our nation. And the goal of the company is for the product is maximum speed, lowest cost and highest quality. And that would be the very short strokes of boxabl in terms of its origin. And you spoke a little bit about innovation, the company. We have something like 150 patent filings. I think, like Dr. Horton is one of our investors. I don't think they have any. Hopefully they don't mind. They don't get me mad at me saying so. Innovation, material science, advancing the lowering cost of homeownership is the ultimate goal of the company. And technology should allow us to do that. If we can get all the systems, processes, and additionally government to work with us.
- [22:08]
John Solomon
That's a big part of it.
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Amanda
Paolo. The first time I went to China, I was there for just two weeks and I could not believe buildings, entire buildings that were built in a two week span. And I remember thinking to myself, when I come back, I am not going in that building because the perception is that when something is built so quickly it can't possibly be quality. But that's not the case at all with boxable, is it?
- [22:29]
Paolo Tiramani
I hope not. If we look at modern, modern car manufacturing, they've been a high quality. The Ford F150, they build one every 60 seconds. Tesla cars, I think they build. He has to do everything better, of course. So they build those every 40 seconds. We're at about four hours. So we're really laggards and than an automobile. So our goal also is to get to one a minute. And you can only do it with, with, with automation, factory automation. In terms of quality, factory automation, you can't have poor quality ideally in a fast operating factory environment because it slows everything down. So it's really anathema to have bad quality. And when you have new technology, the new technology has to be better than the old technology at the same or lower cost or it will not get adopted.
- [23:22]
John Solomon
Yeah, that's so important. All right. You debuted something pretty amazing recently at the Home International Builder show. And that was the $19,999 baby box home. I think most people say, wait, I can get a home for less than a car. Tell us the splash that that made.
- [23:41]
Paolo Tiramani
Yeah, so the addition of baby box, sometimes called cruise ship, is the first rung of the ladder on for homeownership. And so the baby box is very, very interesting to provide the lowest cost viable solution. But you know, I'm an industrial designer by training, mechanical engineer. If it's not beautiful, I simply won't do it. And modern technology means we don't have to have anything ugly in our lives. And this, as you can see from the pictures means sight lines. Great feeling, great space. If you close your eyes, where are you in a mansion or you're in a basement with no windows. So a lot, a lot of our perceptions of our happiness when we're inside our homes is, is visual along with sight lines, high ceilings and things of that nature. So this is very, very small. We would like to debut this. We'll see. I mean this is all in R and D, but if we could do this for $1,000 down 299amonth, delivered to you free of charge. I don't mean to be an advertorial here or anything, but you sort of caught Me a little off guard. That is heavily in R and D. Nothing is official and I think we're going to make a lot of people happy. But whether it's lowest viable cost, viable product or apartment buildings, the, the, the issues, the first principles are absolutely the same and we're looking at, at all those different market sectors beyond our point of introduction. You know, famously or semi famously, the, the boxable casita and now some of these other products as well.
- [25:13]
John Solomon
Pretty exciting.
- [25:14]
Amanda
So this casita can be put together by one person. You don't need any special tools. Help me envision, when you order this house and it comes to you, how big is the package?
- [25:25]
Paolo Tiramani
Okay, so, well, if we're talking about the casita that's built to the IRC international residential code, fully modular, it's got nine and a half foot ceilings, I mean it's got beautiful features that unpacks in a couple of hours. You really, at a minimum, you would need two people to do that in an hour or two. You would have a crane for that product. And the product we previously mentioned, it basically just rolls up. It is technically to RV code, but it looks, feels just a house. And so that just rolls up and you're done, you walk in. So of course, not all products would be that easy. This would be the entry level Casino was really for the adu, the accessory dwelling unit market in California. And we've pre sold, I think, 45 or 50,000 of those units. It's really just, it just really underlines the staggering need for affordable housing in the country.
- [26:22]
John Solomon
Yeah, there's no doubt now there is something else you've done beyond being an extraordinary engineer and an entrepreneur and building this company. You've thought a lot about the housing crisis and why we're 4.5 million homes short of current need. And you put together a very thoughtful video, very thoughtful policy idea for the Trump administration and for local government. Tell us some of the reasons why we failed today to meet housing need and what your policy ideas could do to change that.
- [26:51]
Paolo Tiramani
Yeah, absolutely. So, so very, very interesting. If folks want to, to go to American building code.com they can see. I like, I love the way you phrased it, John. As a policy idea, as a framework, I think that's a really great way to phrase it. Americanbuildingcode.com and to show you how little innovation there is in the space, we picked up the website americanbuildingcode.com for nothing, for the cost of whatever. Nobody had taken it, which is rather shocking. So we're probably uniquely positioned to talk about the problems with regulation, government regulation at the federal, state and local level. And actually it's not really at the federal level that's a problem. It's at the federal and local level. And boxable is unique in that field. Builders are operating within a state, you know, stick building, field building, out on site, factory build, typically ship over wide. So can they ship 100 or 200 miles? And I mentioned that from their home. And I mentioned that because they're typically dealing with one or two states only. And Boston is uniquely positioned, we packed down to 8 and a half foot wide to ship nationally because mass production, first principles fix the problem. So shipping obviously is a big part of the problem. We've remedied that. And what we bumped up against and bumped up against it hard is state and local regulations, which are myriad, diverse and basically change on a whim. And really bumped up against hard against bureaucracy and bureaucracy. A bureaucrat, well intentioned people, but their goal is process, not performance or the end result. So an entrepreneur and a corporation is interested in the end result. And time is significant for a bureaucrat. It's all about process. It doesn't make them good or bad people. It's just the way things are organized. So it's like having AC and DC Current. They just don't merge together. And what's happened, the net result of that is Americans have really had their rights to build on their property completely taken away from them through bureaucracy, which is too long to describe in a short segment like today. And so the state and local governments have taken away the population's right to build. And what we need, I believe, is the federal government to protect the rights and allow builders to build and provide goods and services to homeowners and additionally remove the prescriptive, which means you're told how to build something and move to both prescriptive and a performance model. And the latter would allow, you know, material science and great innovations which would greatly, greatly lower the cost of homeownership.
- [29:48]
John Solomon
A little less process and a little more progress in home building, that's what you put on the table for this country, along with the incredible innovation of what box and bowl is doing. What an extraordinary, extraordinary gift to this country. Paolo, great to have you on. We're going to be sure to get you back on again soon. President Trump's orders coming out in the next few days. I'm sure we'll get you back on.
- [30:06]
Paolo Tiramani
Love the President.
- [30:07]
John Solomon
Thank you, sir. Good to have you on. All right, folks, we take a quick commercial break. When we come back. I mean, I got to talk a little bit about cryptocurrency. It's become a huge topic of discussion inside the Trump administration. Why are they so keen on it and what's going to happen next? We'll talk about that right after the commercial break.
- [30:31]
Amanda
Welcome back, everybody. Have you ever looked at the price of bitcoin and thought to yourself, why on earth is it so high? While there are a number of reasons, especially the anonymity of transactions with it, and after all of the debanking scandals targeting conservatives, you can see why that is very important to a lot of people. And that's one of the reasons why the Trump administration is putting its weight behind cryptocurrency. So joining us now to talk about what that means, founding partner of Cornerstone Group, Chet Love. Chet, thanks so much for being here with us tonight.
- [30:58]
Congressman Scott Perry
Thank you, guys.
- [30:59]
Chet Love
I really appreciate it.
- [31:00]
Amanda
Absolutely. All right. I was going to come straight out of the gate with something else, but you were listening to our last segment and you were saying that boxable apparently has its own crypto reserve. Is that right?
- [31:10]
Chet Love
That's right. And that's why people love President Trump because he's unleashing innovation. And you have an amazing companies like you just talked about in terms of boxable, adopting cryptocurrency and using that as a, as part of their treasury. And you're going to start seeing more and more companies use that to manage and hedge against inflation and other types of risk to be able to allow for those businesses succeeded in these ever changing economic environments.
- [31:36]
John Solomon
Yeah. It's amazing.
- [31:37]
Amanda
So cool.
- [31:38]
John Solomon
So a lot of people think, well, I don't understand why I need crypto. I got my dollar bill. And the answer is, well, crypto you, that dollar bill can become more valuable as you own it and you still can buy with it. Talk a little bit about how our experience and how we conduct commerce is going to change as more crypto gets into our economy.
- [31:57]
Congressman Scott Perry
Yeah.
- [31:57]
Chet Love
So what most people are realizing now is everything's getting more expensive and it's harder to go buy milk, it's harder to go buy bread. Why is that? It's because we've seen excessive spending by governments, all these administrations, the Obama administration, the Biden administration, spending all this money. And what is it doing? It's robbing you of your currency. And so that's why so many people have adopted cryptocurrency like bitcoin, because what it does is it's your money. The government can't inflate it. The government can't print More of it. There's only a limited amount of that cryptocurrency available. And so people want to protect their assets the way they do with gold, the way they do with silver. But now you have this digital currency called bitcoin.
- [32:39]
Amanda
Yeah, huge, Chet. President Trump is a freedom president and that includes with currency. I mean, he himself was debanked, his family members debanked. So it would make sense that he would want to protect this country against things like CBDCs. However, in the Genius Act, I've talked to a number of experts on crypto and they say the language is kind of wishy washy. It's not very protective when it comes to preserving that freedom aspect of cryptocurrency.
- [33:07]
Chet Love
Yeah. So in fact, what you had is the House has passed a legislation to ban CBDCs. It's being held up by the Senate with the Democrats because they want to investigate more about the CBDCs. I mean, it's absolutely ridiculous. At the end of the day, President Trump has said he wants American innovation. He doesn't want government spying on people, and he wants the freedom to people to be able to transact online. And so that's what's really important and what he's been pushing for. But again, the Democrats right now are pushing back, and so we need to encourage them to pass his bipartisan legislation out of the Senate to ban CBDCs.
- [33:47]
John Solomon
Earlier this year, I think President Trump did perhaps the most important regulatory decision in a long time when it comes to cryptocurrency, and that is creating the strategic Bitcoin reserve for America. How big a moment was that? And what does it do to the growth of this industry?
- [34:03]
Chet Love
It's significant because what it does is it brings this cryptocurrency web3 into the mainstream. It's no longer some fringe industry out there. It's part of America, and it's going to be a part of our strategy for growing America. And it wasn't just looking at the crypto for bitcoin. We were also looking at Ripple and Cardano and other digital assets. So that's, I think, really been really important.
- [34:30]
Amanda
I want to ask you about a strategic cryptocurrency reserve, as President Trump labeled it, and as John said, as it relates to our national debt, is there a way that we can use that as a country to hedge against our debt and maybe reduce it?
- [34:46]
Chet Love
Well, absolutely. And so one of the really key things people need to realize is that the US used to be pegged to the dollar until the 1970s, and then we went off of that. You used to be able to take a dollar and go to Fort Knox and get a certain amount of gold for it. Now there's nothing. There's nothing back in the dollar except for the dollar. And so now having these cryptocurrencies and assets like Bitcoin create an environment where people can protect those assets and help prevent the excessive government spending and actually help us become more fiscally responsible, like paying down this debt.
- [35:20]
John Solomon
So huge. I want to get into a movement that's elsewhere in the world that President Trump has, at least for the time being, stopped here, and that is creating central bank digital currencies. They sound great, like, oh, we're just getting modern in government, but we know that they are a vehicle by which the government can spy on our purchasing capabilities or even block us, as China currently does, from purchasing certain things. Why is CBDC movement around the world dangerous to what Americans take most precious to their economy?
- [35:50]
Chet Love
Yeah, well, I mean, look, we're seeing it right now with President Trump having to fight with the Fed. I mean, the reality is a lot of these central banks are not always doing what's best for the American people. So the idea of pushing out a central bank currency makes things even worse. What we want to be able to have is an America that's free, an America that's not being spied on by the country. When you're making transactions, the government should know every single transaction that you're making. And so that's what President Trump's standing for. And it's critical for our privacy, and it's critical for just who we are as Americans.
- [36:22]
John Solomon
Yeah, so.
- [36:23]
Amanda
Very much so, Chet. The Winklevoss twins obviously made famous because of, I think, most people culturally known for Facebook, but they have started a crypto pack with $21 million. When you look at packs across the country, I mean, this is kind of moving into a new frontier. Is this what it's going to look like going forward?
- [36:41]
Chet Love
Well, absolutely. I think you've seen the cryptocurrency industry get heavily involved in this election. I think you even saw a lot of traditional guys who typically back Democrats, were so upset with how terrible the Democratic Party was on innovation in this country that they all got behind President Trump and was supporting his agenda. And so I think it's a great thing for the country that you now have a president that's out front and that's leading on technology, and you see that in terms of what's being done. And he's also what a lot of people don't realize is unleashing energy. And that's critical for cryptocurrency. All of it's being mined and used in data centers. And in order for that to happen, you need abundant and cheap electricity. And so President Trump's agenda across the board, from cryptocurrencies to energy to hardening the grid, to protecting us against China, it all comes together. And again, people just aren't giving the president enough credit for all the great innovation that he's really doing in terms of making this country a lot stronger.
- [37:45]
Amanda
Yeah, it really is incredible fresh ideas coming out of this administration. It's great to see and it's great to have you here. Chet Love, founding partner of Cornerstone Group, thanks so much for being with us tonight.
- [37:56]
Chet Love
Thank you, guys.
- [37:57]
Amanda
You're welcome. All right, everybody. Turns out the job growth was over counted shocking by nearly a million during the tail end of the Biden administration. So we're going to get to how that happened next.
- [38:15]
Steve Bannon
Hey, Rav family and war room posse, mark your calendar. September 12th and 13th, the Rebels, Rogues and Outlaws Tour is coming to the America First Warehouse.
- [38:27]
Amanda
I have never seen anything like this.
- [38:29]
Steve Bannon
Two unforgettable days filled with patriots, barbecue and live shows straight from the most amazing place, the America First Warehouse. Get ready for a special guest to be announced, plus a three hour live episode of Studio 6B. And we're just gonna go do it on the 12th. Steve Bannon will host War Room Live at 5pm And Steve will be back again on the 13th, followed by one hour with Peter Navarro.
- [38:55]
Dr. Dennis Black
I went to prison so you won't have to.
- [38:58]
Steve Bannon
The Rebels, Rogues and Outlaws tour September 12th and 13th at the America First Warehouse. Scan the QR code to see pricing and availability. Don't miss this opportunity. Tickets won't last.
- [39:18]
John Solomon
Foreign.
- [39:21]
Amanda
Welcome back, everybody. The Bureau of Labor Statistics just admitted that it overcounted job growth by nearly a million jobs through March, raising serious questions about how reliable those numbers really are. And President Trump has been saying for years that economic data gets manipulated for politics. And this massive revision is making a lot of Americans wonder if he is exactly right. So joining us now is acting director of the Thomas A. Row Institute Institute for Economic Policy Studies at the Heritage Foundation, Richard Stern. Richard, thanks so much for being here.
- [39:50]
Dr. Dennis Black
It was a pleasure. Thanks for having me on again.
- [39:53]
Amanda
So you look at these numbers for the last year of the Biden administration. Looks like about 51% of those just didn't exist. That is a big mistake to make.
- [40:03]
Dr. Dennis Black
Oh, absolutely. In fact, that's the Largest of that revision in a quarter century in terms of the percentage of expected jobs that they reported that just simply didn't exist at all. And in raw numbers, the 911 thousand jobs, that is the largest revision ever.
- [40:22]
John Solomon
Yeah, it's just extraordinary. All right, so how hard is it to estimate jobs? And was there some politics in your mind going on here to prop up the job creation for Joe Biden more than it was?
- [40:33]
Dr. Dennis Black
There's certainly an open question about the politics. A lot of people don't think there was. But, you know, again, this speaks to the lack of transparency in the process. And so part of this certainly feels political or could be. But then the other thing you ask, of course, is how hard is it to collect jobs? Look, Covid shook up a lot of things. The lockdowns, the rise of tech and gig work and all these other things. It's a changing economy. And BLS is usually, sorry, rather is normally using these statistical methods that worked pre Covid and they don't work anymore. And so what's happened instead of is that the survey response rate is below 50%. A lot of people think that BLS gets real numbers from somewhere. No, they run surveys and they get data collection that way. And the response rates are under 50%. And they've been trending down and down since COVID So clearly something needs to change. They need new, different methods of data collection and business as usual just isn't going to cut it.
- [41:34]
Congressman Scott Perry
There's.
- [41:35]
Amanda
So I think that a lot of folks are under the misconception that this data comes from businesses who can somehow prove that they created X number of jobs. So that's not the case at all.
- [41:49]
Dr. Dennis Black
No, it's not. And in fact, you know, you might ask, where do the revisions come from? The revisions come from data that's reliable. So, you know, businesses have to file their taxes. They collect your payroll taxes and your paycheck. And so we have quarterly and annual data that comes in. The businesses have to prove the receipts on that. There's tax collections on that. There are other pieces of data you can use to get a real picture. The monthly data is done through these surveys, and there's no way to know whether they're real or not. And that's true, by the way, not just for the jobs data, but for the price data. So you can think through the same issues when we talk about calculating what the rate of inflation.
- [42:29]
John Solomon
All right, so this isn't just a, well, government got it wrong story, because the job creation has often been an excuse made by the Federal Reserve not to bring down interest rates, which is obviously hampering home buying other things. If those decisions were based on bad data, it does seem to strengthen President Trump's hand that maybe the economy was slowing down quicker than the Fed has acknowledged it does.
- [42:52]
Dr. Dennis Black
And exactly, you got to the heart of the matter. There's, you know, mortgage rates are still six and a half percent, car loans are higher. You know, the rates that small business owners face when they want to expand their business are higher still. You know, for the median American family from a median American worker. You know, mortgage payments right now on a median home are about half of their pre tax income. That's because of how high those interest rates are. Powell has time and again defended high interest rates because the job market was good. Now what does he have to say about it? So you've hit the heart of the question right there.
- [43:27]
John Solomon
That's a big deal.
- [43:28]
Amanda
So is, is the fix changing the method and changing the metrics or is the fix more transparency or is it both?
- [43:36]
Dr. Dennis Black
Well, that's a good question. The truth is, if it was an easy answer, even the people at BLS probably would have already done it by now. But you know, I think at the end of the day, and this really gets to we've been talking about here, but it's really about talking to businesses, talking to the people who actually do these things in their day jobs and figuring out what's changed about business, that the old survey methods don't work anymore. You know, I've had the pleasure of working with EJ for a few years now. He's a great guy, great co worker and colleague. But he also knows a lot of these businessmen, he knows a lot of these bankers and investors. He knows exactly the people to go to. He's built relationships, relationships with them to sit down and actually ask them to figure out what would work, what is different about the market. And that's really the slow problem solving process that needs to be done at bls.
- [44:26]
John Solomon
What a novel idea. Ask for help and get input rather than keep putting out the same bad numbers every month. What a disruptive idea that might be imposed on America. It's a good deal. All right, I want to ask you to put your crystal ball on for a second. What does the Fed do? It's now confronted with a really significant overcount of jobs. It miscalculated. Even though it's their job to understand the strength of the economy, does this open up a September 17th cut in rates?
- [44:55]
Dr. Dennis Black
So I think, you know, this is what the consensus was I think they were probably almost certainly going to cut rates anyway. The real question has been, and to be fair, there's still a little bit of a question and there had been about whether to hold steady or cut by a quarter point. Now I think that it's on the table that they might cut by a full half a point. So we'll see what happens. Now, I will give this caution, though. You know, they cut points in a few different sets by a full percentage point last year. And ultimately mortgage payments, mortgage rates went up. It's not as easy. Right. So let's see what happens.
- [45:29]
John Solomon
That's a good point.
- [45:30]
Amanda
Yeah, man. I think that for so many Americans, they have, they have this pie in the sky idea that government runs so efficiently and that their metrics are perfect and it's just never that case. Oh, my goodness. Thank you so much for joining us tonight. Thanks for all this information. We'll get you back on again very soon.
- [45:44]
Dr. Dennis Black
Richard, always a pleasure. Thank you for having me.
- [45:47]
Amanda
Absolutely. All right, everybody, we've got a few final stories that we want to hit before we head out for the night, so stick around. We'll be back on the other side.
- [46:01]
Steve Bannon
September 11, 2001, a day that changed America forever. Nearly a quarter century later, the memories remain vivid and the loss still felt deeply real. America's Voice presents a powerful special 9, 11, 24 years later, America still mourns. Join David Zier, host of Breaking Point, for two exclusive conversations. First with Richard Rotec, who led New York's emergency response during those dark hours. And then a candid interview with former New York City Mayor Rudy Giuliani, reflecting on leadership, courage and the enduring impact of that tragic day. Two voices, one nation, still healing. And a reminder we must never forget. Don't miss 9, 11, 24 years later, America still mourns only on real America's voice.
- [47:07]
Amanda
Welcome back, everybody. John, I just want to dig in on something that Paolo Tiramani was saying at boxabl because he was talking about, well, to me, what I have observed in places, especially like Los Angeles in the wake of the Palisade fires, like Hawaii, everywhere you're seeing the move towards multifamily housing. He is moving against the stream. You know, he used the example of AC DC and currents not being able to be combined. I look at it as him going the opposite direction of what we are seeing culturally and governmentally. But what he is doing is so beneficial because, you know, I, we don't want to live in a world of renters. I know that when you look at the World Economic Forum and globalists, they say you own nothing and you'll be happy. But that's not the way to happiness. And that's not the American dream.
- [47:51]
John Solomon
It's never been the American dream. And listen, if you look at where the housing shortages are worse, it's in Democrat run cities that have Democrat bureaucrats who act like they're God and they don't care about the end result of whether you have a house. They care about whether they can control how you build that house down to the most insane concepts. And I think he's touched on something really important. The federal government can use its power of the purse to continue to get some of these housing and regulatory authorities to loosen up things. Not that are safety, we never want to jeopardize safety. But there's a lot of things that are just ludicrous in the code. And we are preventing people from having a home. We're creating a homeless crisis. We're pricing veterans and working Americans out of the housing market. And that's not the American way. And someone's got to take the bull by the horns. I think you, Paolo and the President and Scott Bessen can create some really big ideas. And by the way, if you're Doug Collins at the VA and you're trying to solve this housing crisis for veterans, can you imagine what a couple thousand $19,999 homes could do to give someone a shelter short term until they graduate up and keep growing up? Maybe they go from the little home to the casita. The casita to a bigger home. You are creating a pathway of success that 20 years of VA expenditures didn't do it. Doug Collins is the sort of guy that could take this and run the ball.
- [49:15]
Amanda
Yeah. And I mean, you think about that plot of land that Gary Sinise has talked about on Veteran Mile in Los Angeles. You could put those on that lot in a hurry and have, you know, 20,000 home, 20,000 homeless veterans housed right away.
- [49:28]
John Solomon
Yeah. There are so many big ideas. Paolo is a lot like Elon Musk. Was the rocket building. Yeah.
- [49:34]
Amanda
Innovative.
- [49:35]
John Solomon
NASA had one way to do it and then NASA fell obsolete. And then all of a sudden Elon Musk said, I can re envision this. And he had none of the pretensions of the people who came out of NASA and he just re innovated. The housing industry is like NASA 10 years ago, unable. It's constipated, it's too close in bed with the regulators and they've created a crisis in America in the greatest economy the world has known, we can't get people home. That's insane. Yeah, insane.
- [50:02]
Amanda
John, there is a story that caught my eye that I feel like could help be another inoculation against what we have seen with this weaponized justice system. On one hand, you have the story in Charlotte that is being suppressed by the media, Democrats trying to ignore all of the root causes. And then on the other side, you have people like Alvin Bragg who press charges and prosecute someone like Daniel Penney. There has got to be something to counter what we have seen with malicious prosecution. And I am, for those of you all who don't know, Daniel Penney is now suing DA Alvin Bragg. And I think it's fantastic.
- [50:35]
John Solomon
Yeah, we've made the criminals the victims and the victims the criminals. It is insane. But Donald Trump is really changing, and this is a huge political tsunami that's in front of us right now. This is epic. It's like what the Parents Rights movement did four years ago. Keep an eye on where this goes in the next year with elections.
- [50:52]
Amanda
Also, before we go, the Missouri State House just passed a new electoral map that strips Democrats down to just one seat. Now, it's got to still go to the Senate and the governor's desk, but that's a big move. All right, everybody, thanks so much for being with us tonight. We'll be back here tomorrow night at 6:00pm Eastern.
- [51:07]
Paolo Tiramani
This is an iHeart podcast.