Back to episode — Episode 2861 CWSA 06/07/25
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ll I might believe them because they're journalists and they don't have an interest in keeping a secret and they probably would want to get there first and have a scoop and all that. But if it's your job to determine what the public hears and what they don't hear, that's their jobs. Does that give them the right or privilege to lie to the American people as long as it's in the interest of the Amer…
← Previous segment →ntioned which is age. I don't know that this is true but wouldn't you expect that alcohol use decreases with age? So if the new generation is smaller because we've got this demographic problem, wouldn't alcohol use just drop off just because of age? I think there would be some effect there. I don't know how big it would be but we'll talk later about how it affects crime.
Anyway remittances to Mexico have collapsed. John Nolte at Breitbart is writing about that. So if you didn't know what a remittance is to Mexico, as the Mexican undocumented people come into the United States and make money they send some of their money back to Mexico and that's called a remittance. I don't know why. It's just sending money. But Trump plans to tax those remittances but at the moment they're way down. It's not entirely clear to me why they're down. Would it be because there are fewer people here? I don't think we sent back that many Mexicans, did we? But anyway remittances are down and Trump's planning to put a 3.5% tax on those remittances. So it might make $22 billion over the next several years if he does that.
Newsmax is reporting that Trump's not happy with the Federal Reserve and their interest rate policies. So Trump says that Powell, head of the Fed, is too late. He should go for a full point reduction in interest. He goes too late that the Fed is a disaster. Europe has had 10 rate cuts. We have had none. Despite him our country is doing great. Go for the full point. Rocket fuel. Trump posted that on Truth Social.
Now I don't have an opinion on what is the right amount of interest rates to be set but it does feel to me that Trump is a little bit more right than Powell. Does anybody have that same sort of just instinct? I feel like Powell might be holding back for political reasons that maybe he doesn't process as political reasons. You might think he has other reasons but I do worry that our interest rates are not being set by economics. Does anybody else worry about that? Now you could blame Trump and say well if Trump had not been so hard on Jerome Powell, Powell would have maybe just on his own lowered interest rates more. But there's no evidence of that because in both cases he would be helping Trump and if he didn't think that helping Trump was a good idea well we'd be in the same place.
In surprising news, Alan Dershowitz is urging a pardon or commuted sentence for Ghislaine Maxwell, Epstein's accomplice. Now I've been saying for years, so most of you have heard me say this, that when there's a big legal question I like to wait for Dershowitz because he always has the cleanest and what I consider the most reliable answer. And if you check back later you'll see he's usually right. But this one's a weird one. So I don't think I can automatically agree with this. And the argument is that Maxwell got a stiffer sentence than people who did similar crimes. So I said to myself really, is that true? First of all what kind of crime would be similar to this? And the second thing is what is her sentence? So she got 20 years in prison and she's been there four years. How long has Ghislaine Maxwell been in prison? Four years, five years, something like th
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at. It's already been a while but she's got a 20-year sentence. And Dershowitz thinks that it would make sense to commute her sentence. Now it's been three years. So I'm doing this three years. Okay. Now how many of you think that what she did fits a three or four year sentence? Because it literally involved trafficking minors. That's a tough argument. So I went to Grok and I asked if her sentenc…
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