The Charlie Kirk Show - Are We Finally Cracking the J6 Pipe Bomb Case?
Episode Date: November 11, 2025Blaze Media made a spectacular claim about the infamous DNC pipe bomb case dating back to January 6. But did they get the right person, or is "gait analysis" an imperfect way to identify someone? Juli...e Kelly helps the team break it down. Plus, Ryan Girdusky weighs in on the 50-year mortgage debate, whether Trump has pursued enough economic populism, and why the Republicans should feel good about New Jersey despite last week's setback. Watch every episode ad-free on members.charliekirk.com! Get new merch at charliekirkstore.com!Support the show: http://www.charliekirk.com/supportSee omnystudio.com/listener for privacy information.
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All right, welcome back to the Charlie Kirk Show.
I'm Andrew Colvin, executive producer of this show.
Hour 2 is kicking off now.
We have a great guest for this.
It's going to help make sense of the insanity of shutdowns and so much more.
And that is Ryan James Gerdesky.
He's the host of a numbers game podcast.
and he is also in charge of 1776 Project Pack.
Ryan James Gurdesky, welcome to the show.
Thank you for having me on, Andrew.
Yeah, great to see you.
We also have Blake Neff here.
I want to open this up to a larger conversation.
But let's start with this shutdown fight.
I mean, this is, okay, so there was a vote last night,
and then all hell breaks loose in the Democrat caucus.
They're freaking out because they feel like they had all this momentum in New Jersey, Virginia,
and I want to get into New Jersey.
you have a contrarian take on New Jersey that I want the audience to hear about.
But so they think they've got the momentum.
So why concede any points?
Why give in?
Why open the government back up?
Which just strikes me as highly, highly cynical, uh, on a thousand different levels.
What are you making of this?
Make sense of it for our audience.
Well, I think in part they didn't want to do this before the elections, right?
I think that they wanted to keep the government shut down before the elections.
I think that it helped juice their voter base for sure.
Then I think that also, um,
when it comes to why did they go along with this shutdown is because people are really suffering.
I mean, it is, I mean, the flights were being canceled.
People do need people who are on food stamps, do need food stamps.
There were actual, and those are their constituents.
Those are their voter base.
So why wouldn't they do something for their voter base?
And I think they got the vote on health care they're going to get.
Who knows how it's going to go?
It's a promissory vote.
But then they have to refund the government again in January.
So it's not like it's like a, you know, they lost the fight for a million years.
They get the fight again in two months.
And I think that they'll get the health care, but then they'll have the conversation.
But ultimately, a large portion of the Senate Democrats are centrist, I guess, to say they're not a, they're not, they're not part of the far left, which is why you see the far left on social media crying all day to day.
Yeah, I mean, it strikes me, though, is that there was essentially a calculation by a lot of these far left.
members of the caucus, even in the media. And you see this, Sunny Hosten is basically saying,
hey, we want Schumer out. He's out. We want to, we want to play Schumer. So you're essentially,
it feels almost like they're snatching defeat from the jaws of victory here because they were
winning the messaging war. They had convinced a large percentage of, at least their electorate,
but maybe some squishy middle, that we were just wanting to starve little kids and take
health care away from Americans. They were sort of winning on that. And now,
They're freak out over reopening the government because they never were they were never going to have the votes, Ryan. They were never going to get there. The caucus, the Republican caucus was staying firm on these ACA subsidies. So essentially they were doing it for optics. But it's like the point is it's the most cynical reaction to it. And I think their reaction is giving Trump and the Republicans the upper hand here.
Well, go back to when the shutdown starts. What was the number one story going on the political media? AOC potentially to chance.
Schumer. And he needed to seem like he was a fighter. This is what the fight was over. It was over
Schumer's political career and Schumer's political future. And I think that was a big part of it.
I think Schumer really, and that's why Schumer voted against it. Schumer would never usually
vote against a government spending bill. He usually always votes for this. It's to show that
Schumer still's tough and Schumer should not be primaried. And they're all going to come after him.
Rokane has already come after him. As you said, Sonny Hosson, there's other people on the left saying
Schumer has to go. And I think that that's really the tragedy of Schumer's life. He's been his
entire life trying to get to this point. The most I think he ever had is 51 Democratic senators
to really do nothing, Wes. Yeah, it is. All right, so let's go back to this 50-year mortgage
debate and kind of this Gen Z economic moonshot idea. We've got, we actually talked about
an hour one. And I mean, we got inundated by emails across generations about what they thought of
that I'll be honest.
I think Blake, you would agree it was more positive than we were expecting.
People are actually a little bit more positive on this idea, at least in our audience,
than what you would see on like Twitter X discussion.
Blake, I was definitely expecting more negativity on it.
And then I got a lot of people who said they liked the idea.
Yeah, they basically are seeing in a very pragmatic way how people could use this,
use it to get into the market to the first place and then refinance or use it to trade up to a home.
So people are seeing flexibility.
They're seeing opportunity to being pragmatist about it.
Our original take this morning was that it reeks of debt slavery.
It's not addressing the underlying root causes.
It's just sort of like covering over them, papering over them.
Ryan James Gurdowski, makes sense of that for us.
What's your take?
Yeah, I kind of agree that it's an entrance to the marketplace.
I don't hate it because it's not like you have to do it, right?
You're not forced to.
You can still do a 30-year loan.
It's not like they're getting rid of the 30-year loan.
And I think for a lot of people is that try to get in for lower rates and then readjust over time.
But the American public is extremely fickle.
We want solutions to take care of itself within six months.
I mean, it's almost like we almost have like a sitcom show brain.
Like the whole episode has to have a happy ending within 28 minutes.
Otherwise, we don't really want to be part of it.
So we would like a very short-term answer to this.
And the problem is the root cause of our economy, the real stressors of it right now for
everyday people. It's been happening for at least the five years, at least since COVID,
a lot of these problems have been taking place. If you want to try the deficit and talk
about other things that's going on way longer, right? Trading balances way, way, way longer.
But right now, the insustainability of life for working class people, and especially for Gen Z,
has been going for five years. You can't fix the whole thing in the nine months that Trump
has been president, right? And I know at times it doesn't seem like he's been paying attention
to it because there's been other high-profile things, the wars in the Middle East, and trying to
solve Ukraine and, you know, other stuff.
But I think that given what is the problem, right, for the everyday life, it's a question of how do I make it better in the immediate?
And that's a good answer.
It's a Band-Aid.
It's not the full solution, but I don't hate it.
All right.
So I'm going to say a provocative statement.
And I want both of you to react to it.
I'm not saying I agree with this.
I'm saying this is a critique that has been leveled against this administration.
And I've heard it from both sides, actually.
I had a conversation this morning from somebody on the left that alleged this, which doesn't surprise me, but hearing it over the weekend from the right.
President Trump's economic populism is fake.
Prove me wrong.
Do you guys agree or do you disagree?
Blake, you can go first because Ryan's thinking right now.
I can see him.
I mean, he's definitely done some pretty populous things.
I mean, the tariffs are a populist measure, clearly.
Like, he's done them for a populist objective to bring manufacturing back to America.
America. And I mean, even the 50-year mortgage, this is intended as a populist thing. And it might be
more popular than I expected it to be. Well, he's talking about the $2,000 tariff. The $2,000
tariff. That I don't like. That is, I think that's, it's not my cup of tea. You'd rather
pay down debts. You'd rather bounce budgets. And it feels like, I agree. I almost suspect some of it
is he's trying to, you know, maybe politically pressure the Supreme Court because he can be like,
well, I'd have to take $2,000 back from everyone if the tariffs get repealed. And it's also just, we
saw during COVID. We had a lot of stimulus payments during COVID and it just drove an inflationary
spike. Get me those stimmies. Yeah, the stimmies. Give me those stimmies. It's like, you know, it's sort of like,
oh, give me one more hit of cocaine or something. It's in the end, we are addicted to cheap money.
And the cure for that is not more cheap money. But coming down from that, this is what the hard point of
a lot of populism is it is painful to make good economic decisions. Long term, it is very healthy. But
especially because of how addicted America's gotten to our current pattern,
it will be hard to break that pattern,
possibly even politically impossible.
That's really tough.
Ryan James Gurdess,
I think that it has been a mixed bag, right?
American right,
the America right is obsessed with free market capitalism.
And so he's sticking to things like the tax cuts on the wealthy that I don't think.
I think if he would have gotten rid of those,
that it would have been much more populist.
But I think that at the same exact time,
he is done,
And he is inarguably done populist things.
I think that's, I think it's a mixed bag.
It's hard to sit there and say he's only done one or only done the other.
He has to work within a Congress.
He has to work within the Senate.
I know that I went to Capitol Hill right before the tax cut votes were coming up.
And I said, here's a poll that I've done with some very smart people.
Least popular thing were tax cuts for millionaires, most popular thing, no tax on Social Security, no tax
on tips.
They really did not like that answer.
So I think that given what the Congress...
What was the most popular thing?
The most popular thing was no tax on tips, no tax on Social Security, overwhelmingly by brokers, least popular tax cuts for millionaires.
I brought that to Republicans in Congress in the committee, and they were not really feeling that information.
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weightloss.com. Ryan, real quick, give us your coordinates here. Where can people follow you,
find the work that you're doing? Yeah, you can find me on Twitter at Ryan Gurdowski. I have a website
at Ryan Gurdoski.com. We can get my great newsletter. I have a podcast in the IHeartRadio app and
every we get a podcast called the numbers game. And I have a pack for education called the 1776
Project Pack. And we have a foundation called the 1776 Project Foundation. What are you doing at
the pack there just so people? We invest in school board elections. So we did about 80 school board
elections last week. We didn't do a great night, but we still won 27 of them. And then the
foundation gets involved with those school boards to sit there and say, how do we improve reading
levels? How do we get involved with discipline? How do we get rid of some critical race theory
in your classrooms. How do we celebrate America's?
Yeah, stuff like that.
Super important. That matters a lot. I was reading
just over the weekend about someone in
a really conservative part of the country, but they just
said the school board is like
all kind of just libs because people don't
pay attention to it. And it was like one guy
blocking all the, you know, insane
race communism and he lost re-election.
Oh, geez. So that school board is now screwed again.
So actually, this
is all apply for endorsement. Yeah,
exactly. So check out Ryan's
stuff. He's doing great work. And I read
your national populist
substack all the time. Your newsletter
I appreciate that. Absolutely. And by the way,
which is why we actually
had you on here, is you had a contrarian
take on New Jersey. It all ties
in because Dems were playing the shutdown
to juice up their base
voters, especially, and it was smart
because this is not for your election. Our turnout,
we have low prop voters, they have high
prop voters, so you juice it. This is
why we saw some of these margins
increase over 20, 21 years.
You say there's a
last half full interpretation of what we saw in New Jersey specifically. I'm sure you could extrapolate
that out. But what is your take? Yeah. So unlike Virginia, where Winston Sears really didn't run a very good
race, Chidorelli did run a very good race. He got 200,000 more votes, sorry, 122,000 more votes than he did
last time. That being said, he would have won any election in New Jersey's history since 1973,
except for the one last week, because turnout increased by more than 50%. But when you look at the very
bare bones, you know, metrics of where New Jersey is going. It's undeniably going in favor
Republicans. And I point this out. In the first year of the Trump administration in 2017,
Democrats were outregistered new voters in New Jersey, 12,500 to Republicans, sorry, Republicans
registered about 12,500. Democrats raised about 45,000. There was an immense blowback from Trump's
when first got in tens of thousands of new Democrats coming out of the woodwork, hundreds of thousands of
new Democrats over the course of the four years in the first year of this year that all begins
a reverse when Biden became president by the way in the first year of this year Democrats lost
8600 voters in the first 10 months of this year while Republicans gained 21,000 new voters right
an unparalleled trajectory completely different than when Trump first became president that
shows that the where the direction where the trajectory of Jersey is going is undeniable even
though we had an election loss, even though independence swung against us this one time,
people would much rather be a Republican than a Democrat. And there's a point of clarity in
New Jersey that the Democratic Party really isn't working there. Now, we've heard a lot about
like the Latino vote, right? The Latino vote swung heavily. When you look at how the Latino
vote voted in 2025 versus 2021 and 2017, they're still way more to the right than they were
in 2017, right? They haven't lost all this huge support that were going for Republicans. In some
places is a double-digit increase. When you look at Republican versus Democrat increase in the
raw vote, Republicans in many cities, there was more raw vote increase towards Republicans
the last eight years and there were towards Democrats. And actually when you, when the liberals
like, oh, it's all immigration, when you look at what voters are talking about, it was cost
of living because, you know, a group swung even harder against Republicans than Latinos in this last
election from compared to 2020, it was non-college educated whites. Non-college educated whites actually
had a bigger swing because it's about affordability and they are feeling it in the pocketbook.
So it wasn't an immigration thing. It's not a Trump thing. It's just it's a mixture of high
propensity turnout from Democrats and anger over the economy. So would you say that and by the way,
I'm glad you brought up Latinos because one of the things Blake and I have talked a lot about is,
you know, these new maps out of Texas. A lot of that is contingent on Hispanics.
staying in the Republican column. You could over-engineer those maps and find yourself in a
worst position theoretically. So, hopefully, yeah, hope, are you seeing, are you seeing that
trends continue? Is it accelerating? What, what's happening with Latinos? And I know I'm talking
about Texas and New Jersey, it's probably two different things, but we got 30 seconds. Yeah, well,
there was a poll by Unados, which is not a great polling firm. They're pretty liberal. However,
they poll Latinos and they said, what are your five biggest issues? Four were related to the
economy, cost of living, health care, housing. And the fifth one was
gun violence. Immigration does not make the top
five. And when you look at where they project
Hispanics to go versus where
they went, it's about maybe a five-point swing
in the direction of Democrats, but it's not
overwhelming, and it's not free
2020 to swing towards
Republicans. Do you think that holds for Texas
too real quick? Yes, I do.
Okay, good. Because Tejano's are more to the right
than the Latinos are. Ryan James Gurdowski,
great work, my friend. Thank you for making
the time today. I know you had to move some stuff for him.
Thank you so much.
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Julie Kelly is with us, the great Julie Kelly. Welcome back to the show, Julie. I think this is
the first time we've had you since all of everything went down. So welcome back. It's been too
long. It has been. Andrew. Thank you so much for having me on. And I know we're going to talk about
some issues that were near and dear to Charlie's heart and that he and I discussed several times over
the last few years. So thanks so much for having me on. Yeah, absolutely. And, you know,
we talked about this over the weekend. And, and it's true. I mean, I think about all the times
we had Darren Beattie on and you on talking about, who did this? Like, you know, it's, like, if you
think back on the stakes of the J6 pipe bomber, I mean, if we're to believe what we're told is,
like, Kamala Harris almost got, you know, murdered. And then, like, nobody in the government
seemed to care. So it is a very, very weird. We heard so much.
about January 6th and yet so rarely
would they mention like, oh, the attempted
assassination of the vice president
or like this terrorist bombing that was
at the center of it. So there was
some news this weekend. I'm
I approach it with
fear and trembling because
there's a lot of moving pieces here
and a lot of allegations being thrown
around. So please set the
stage, tell our audience
what happened this weekend and then
we'll get into whether we should believe
it or not. So
first of all, as you guys know and Charlie knows, knew that I have been covering the pipe bomb, January 6th pipe bomb issue, really since the summer of 2021. And no one did more work on this really than Darren Beatty at Revolver News. He's now in the administration. I really miss him at times like this because he always, he pegged and he exposed so many strange circumstances with both the DNC that is where the pipe bomb was found outside.
the headquarters of the Democratic National Committee at about 105 on the afternoon of January 6, 2021.
You could see police officer vehicles right there, including one belonging to the U.S. Secret Service,
because to your point, we also uncovered the fact that, strangely, Kamala Harris, who was a sitting U.S. senator at the time,
she was going to be part of the proceedings that day, also historic incoming vice president for inexplicable
reasons went to the DNC headquarters at around 1125 that morning. She was there when this really
dummy device was found outside just to the right of where that black SUV is. And then also we have
covered the equally strange circumstances about the discovery of the device outside of the
Republican National Committee headquarters. That was detected at about 1240 p.m. 20 minutes before that
joint session of Congress convened. So anyway, we've been exposing all of this Kamala Harris's
presence, the law enforcement ties of the woman who discovered the RNC pipe bomb. I found the video
that showed bomb sniffing canine units, not once but twice, right near the DNC device. So look,
few people want to know the identity of the person or people who set those devices. But what we saw
happened over the weekend was a and there is um you could see law enforcement after the alleged device was
found and as you guys know it was right in between those two benches under that bush um so at any
rate a few people want to know the identity more than i do or daren baity or the people have really
done so much work on this but over the weekend uh a really bombshell sorry for the pun story on the blaze
claiming that a gate analysis had determined the identity of an individual who had similar
walking patterns as this individual here seen on surveillance video the night of January 5th,
which is when the FBI thinks that both of those devices were planted.
So this has been, yes, I'm not going to say anything, but she was a capital police officer,
on January 6th, she was using non-lethal munitions against the crowd, firing pepper balls into the crowd, as many Capitol police officers were doing.
And apparently, looking at that video, Steve Baker, who's one of the reporters on this story, thought that her walking patterns mirrored the one on the individual on January 5th, who still has not been identified.
And the so-called gait analysis, apparently some software determined that the match was around 94% certainty.
So a lot of skepticism about that story.
We can talk about it.
But this, as you know, you guys, this took over the Internet over the weekend and is still getting a lot of coverage and attention.
There's other circumstantial evidence they claim, right?
like she did leave the Capitol Police shortly after like they're offering other certainly not
it's certainly not proof 100% by itself but they do have more than just I get gate analysis
literally just a AI analyzing how they walk I guess yeah well and it is interesting to note that
she did leave the Capitol Police like pretty shortly thereafter and it's like she left and
there's like a lot of quiet like they claim you know it's all very quiet but yeah but I'm not like
I'm not in a position and Julie I'd love your feedback
back on this i i i'm not in a position where i even want to name the person because you know if
allegations like this are wrong it's it's deeply unfair to the person being named and having their
reputation you know sullied basically for uh you know we're not sure right we're not sure it but
it is a giant mystery and i think there's two sort of stories under going on here at the same
time one is this analysis that steve baker did uh gate analysis walking which is walking
analysis but it's also
it's one of those stories
that keeps coming back around
because it is so
mysterious why it wasn't
made the hugest story
during January 6th
it should have been at least a top
two or top three story that the
vice president was almost
murdered along with the RNC there was one at
the RNC as well and some of it
it just doesn't make any sense because it's this
glaring kind of
outlier and we can't make sense of
it but we all know that there was funny business going on on j6 and this would be a lynchpin
in the unraveling this narrative that i believe has been sold to us that doesn't make any sense
there's just too much wrong with it so what there's too much how rely yeah how how reliable are we
are we to take this analysis um i think it needs to be met with a very heavy dose of skepticism and
i will explain why but first i want to clarify my position number one i do not believe and have never
believe that those devices were set the night of January 5th. Because to believe that, you have to believe
that both devices went undetected for 17 hours, and which seems particularly unlikely in the case
of the DNC device, where not only, again, there were two bomb sniffing canine units who were
right there. You had law enforcement from the Secret Service, Metro Police, Capital,
police who were right outside of the DNC headquarters numerous times. And again, that device
wasn't really obscured. It was right between those two benches. Not to mention pedestrians and other
dogs and people just walking back and forth. Very strange that that would have sat there
for 17 hours undetected. The RNC device also very sketchy, the woman with law enforcement ties.
Now, she told the FBI that there was no way that the device was not planted before noon on January 6th.
She said it had to have been planted between noon and 1240 on January 6th because she went to that area at noon and didn't see the device there.
Now, she is kind of a sketchy story.
And I've reported on her, I've got a couple.
Right.
So that is where the DNC device you could see right there.
allegedly was sitting there for 17 hours and no one spotted it.
There's also some video that indicates that maybe there was a plain close police officer
who could have said it there around 1253, 1255 on January 6th.
So I've never doubted that this was an inside job.
This was a hoax.
It was a stunt and that law enforcement was probably tied to that.
So I want to say that very clearly.
the problem with this report is number one this analysis and investigation took place in a matter of two weeks
that means that they identified this capital police officer thought that her walking pattern
matched the individual on january 5th they put some sort of video samples together in the report
in this article on the blaze they said that they did not use the FBI video they
We used a different sample that was a better quality and speed it up to a normal speed.
So we don't even know what the video clip was.
Then they also used a video clip of this individual playing soccer.
She was a college soccer star and then played, I think, like a professional soccer.
So they have, they use that as a gate analysis.
But Julie, you're saying in order to believe this report, you would have to believe that
the pipe bomb was planted on.
January 5th. And you're saying that's not even what you think is true because it would have to sit
there for 17 hours. Did they address that in their reporting, Julie, Steve Baker? They have not.
Okay. But I do want to make clear, Andrew, this is what the FBI believes as well. They just did
another update on that too. They just didn't update on that as well. The problem with this article,
the public should be able to see the video samples that they use for the gate analysis. And we also should be
able to see a copy of the analysis they call forensic evidence. So when you're not including
those links or that evidence or material in your article, it definitely should raise questions
about the veracity of it. Furthermore, people who are asking questions, and I think these are
legit, are being attacked. So I'm not really sure what that is about. This could kind of be
simply solved by just giving everyone the evidence that they used to determine.
this was a suspect.
Yeah.
Please check out Julie's Twitter.
It's super important Twitter follower, ex-foller, and her subsect.
Julie, thank you for making the time for us today.
I really appreciate it.
Thanks, guys.
Talk to you soon.
If you're a listener to the Charlie Kirk Show, you know that Charlie built an amazing community through conversation.
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On TikTok, you'll find creators who teach and encourage a carpenter passing on his craft,
a mom explaining how to make a budget stretch or a gardener showing us how to bring a backyard back to life.
Different stories, but the same drive, the desire to connect and to understand.
that's what makes a strong community a common desire to connect to find a way forward through respectful dialogue building trust and feeling heard freedom to speak what we know and hear each other out that's the power of tic-tock it gives everyone a seat at the table a place to speak to listen and to remind each other of what connection really looks like conversation build connection and connections build communities we are still getting blown up by emails here no pun with the pipe bomb story
but we're still getting a lot of your emails about the 50-year mortgage.
Colleen is worried that we're being swayed by the email from emails from you guys.
It seemed a little bit more positive than we anticipated.
Don't worry, Colleen.
I still don't think it's a great idea.
I still think it papers over the issue.
I will say that it could be a tool.
It could be a useful tool for people to get in the market.
You still get to write off your mortgage.
I think you could make it even better, candidly.
And I want to highlight this Lomas,
tweet.
Yeah, go for you.
Let's just go for it.
So, Lomas says, and this is Image 98, if you want to throw it up, he says, back of
the napkin proposal for MAGA home buying policy.
Foreign nationals purchased something like 2% of American homes every year, mostly in luxury
areas and much of it in cash.
This should come with a steep tax.
Such a tax is common elsewhere.
Canada, et cetera, has a non-resident acquisition tax.
Use that tax to offset interest payments for first-time native-born homebuyers.
States can, should add additional property tax rebates for, for,
first-time homebuyers born in their state.
Married couples buying for their first home should also receive additional interest rate
discount.
Listen, I love all the creativity.
Some of these probably have negative side effects that we haven't fully fleshed out.
But when you say, oh, you're married, you know, you would probably get marriage fraud
at that point.
We already have plenty of that.
Right, exactly.
I mean, Ilhan Omar would be first example.
But, no, I mean, you know, incentivizing good behavior, though, and then disincentivizing
foreigners. Straight up banning institutional money from being able to purchase these homes. Private
equity is another area of debate. You have to, you just have to think, like, what is our goal
here? And it's as Charlie pointed out, the goal is to create an ownership society where people
feel they have a stake in it. And that might mean we need to arrange things with mortgages where
it's not an endlessly growing investment vehicle. So Blake, we have just so many emails.
we wanted to make more time in the show to get through them.
Go ahead.
Oh, yeah, yeah.
Just also, I want to apologize because someone said they went to the same high school as Boys 2 Men,
and I am too much of a young person.
I'm like, you know, our older co-hosts.
So I thought Boys 2 Men was like a 90s movie.
It is a band.
It is a band I have never listened to.
Motown, Philly, baby.
Motown, Philly.
Yeah, not this is.
We should go out on Boys2.
This is beyond my Ken.
I just want to apologize on that before I get dunked on.
massively by everyone here oh do you have one because i got one that defends you yeah well i got uh we
have one where uh m robert says you guys are insane boomer here you guys are insane advising
young listeners that a 50 year mortgage is any kind of solution and you should be ashamed of
yourselves i don't believe i've we did not do that quite skeptical of it we are we are
extremely skeptical my idea is build 10 million new homes deport illegals lower
legal immigration, which is going to take some doing, lower the regulatory burden to build new
homes and then play with other financial incentives, like writing off your entire mortgage up
until the age of 35, prioritizing first-time homebuyers, banning institutional money, banning
foreign investors, or, as Lomas suggested, maybe you put a tax on that. Because they are
buyers. I mean, people want to sell their homes, you know, they want to make more money. I get the
incentive there. By the way, Williams says,
guys, Blake was right about not giving the money away like the crazy stupid money blown by Biden,
which spiked inflation and it has stayed up because of the budget deficit.
The tariff money could be put in a sovereign wealth fund.
And when it gets to a trillion, start to draw from it monthly for government expenses instead of borrowing that amount that amount from the Fed.
Matt, the sad thing is, is that that's something we could have easily done decades ago.
And, you know, that's what, so like Norway, for example, Norway has a sovereign wealth fund from their oil business.
business and you know they're a country of five six million people and it's in the trillions of
dollars so it's actually a quite large amount of money per Norwegian citizen and america could
have now we're broke but america had a long run where we were a very rich country that could
have been pumping resources into that and you know the sad thing is that i've read about that
remember when bush wanted to privatize social security in about 2005 and of course it went
nowhere everyone was like oh don't let wall street get its hands on my social security if we'd done
it would have been insanely, spectacularly successful given what the stock market has done since 2005.
Would have just massive, would have fixed every problem with social security we have now.
What do you think about the Bitcoin Reserve Fund that they're trying to build?
I don't, that feel, I would be very worried about that.
I mean, it's like, okay, if you want to have it as a thing, I wouldn't have it as a large thing.
It would just, I would worry that that would basically just be, it would.
feel like a giveaway to people who already have Bitcoin to me
and it's this hugely volatile
asset and it's very
volatile it's volatile and but it's
probably going to go to a minute
and it's an asset that gets like hacked and
stuff and yeah I mean like I would
like to hope that the good
people but you know that maybe that's
hoping for too much competency can you imagine
if our sovereign wealth fund got you know
you can put them in cold storage and things like that
there's ways you can you can address that
can you guys help us this is from
Steve the difference in approximate 30 to
50-year mortgage payment.
It will be lower.
The payment would be lower.
Yeah, but the overall cost
of the loan would be much higher.
It would be about looking at
it's when I, you know, the AI generated
summary when I just asked for a plug-in difference.
It said if you took a $500,000
loan at a 6.22% interest rate,
you would pay 87% more total interest.
Instead of $600,000 in interest,
it'd be $1.1 million in interest plus the principal.
What would the monthly payment be?
It doesn't say here
It will be much lower
I will tell you
The first home I bought
Was probably against the rules
Dave Ramsey would have been so mad at me
But I made out like a bandit on it
I did an interest only loan
On a home I otherwise couldn't afford
Sold it after two and a half years
And we did well with it
Because we bought in a really good neighborhood
So some of this stuff is like
You know there's a general rule of thumb
And then there's reality
You know
I'm not saying I was in the majority
But it worked
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