>>22869924
>>22869927
bessent: the release of chinese deepseek model changed the dominance
of the a.i chat tech price .
bessent: CBO (Congressional Budget Office) is a lot like enron accounting, it is fake.
(similiar to the OBR in the u.k).
bessent: trump is backing into the budget to benefit the bottom 4th of citizens.
bessent: international tariffs could bring in over 600 billion
bessent: on one side we are bringing back jobs and investments., the other side
we are cuttin federal spending and bringing in tariffs and investments.
bessent: 911 happened due to the airlines did not want to pay for reinforced doors.
that is a ananology.
bessent: i think what is going to be moar important is the not the dicussion
with countries, but the discussion with companies. do they want to bring
their companies back here. The company announcements are moar important than
the country announcements.
(governments are installed, global companies are the lobbyists. (think klaus schwab).
bessent: the chinese economy is like the disney movie with
the brooms that do not stop, it will not stop, but they will not sell enough
the chinese consumers do not get the benefit as they are all
producers and not buyers.
tucker: what about europe
bessent: trump said to them, you already get energy from russia and you are
going to double down on it with nordstream 2, trump was right.
tucker: we blew it up, the russians blew it up (nerous laughter from tucker)
bessent: the old system did not work, we have trumps first term that showed it
worked, so we have a road map. i believe this will work. the bottom 10% got moar jobs
and wealth than the top 1%.
bessent: i believe going to food banks, that is not a great america.
the republians don't want handouts, the democrats want handouts.
they want to better, they want the kids to do better, have families and own homes.
bessent: my family had it all, we lost it all, i made it back,
what is amazing is trump has assembled the elons musks, those workers in the rose garden
the other day and those steel workers in pittsburg and others around the country.
all they want is a better life, it is amazing what trump has tapped into and bought togather.
tucker: you began your pitch as a bond salesman
bessent; 10 year bond peaked at 5 and now is at 4. so we have saved 100 billion in interest.
doge will save money on cuts with theft and fraud, plus we are going to
bring in tariffs.
bessent; reagan used the escalate to deescalate weapons manufacturing, they soviet union tried to keep up and collepsed.
bessent: doge's and elons imprint will last for decades, we have
two at irs, and two at the treasury, these people are incredible.
elon has a shirt which he flashes tech support.
tucker: who runs the federal reserve
bessent: i was at a dinner with powell the other day.
they got in to dei and diversity, they should stick with monetary policy.
i think we should isolate them.
tucker: so the fed controls the weather too?
bessent: the treasury securtary chairs something called the
the financial stability oversight council and it controls all
the financial regulators, two weeks before the banks went down
guess what they said the biggest risk was climate (green agenda aka net zero).
The ceo of silicon bank was on the board of san franscio board of federal reserve,
they are going to tell that guy what to do?
tucker: why is gold moving around the world at the moment.
bessent; gold is moving because we were going to impose tariffs.
we have exempted gold, but they moved it to new york, gold demand is from
china, people do not trust china as the financial control.
gold cannot have a fiscal problem, it has many uses,
tucker: you are not anti gold.
bessent; no,
tucker: how did you get on with zelensky when you went over there.
bessent: i went to poland, got a plane to poland, got a 10 hr train journey
on a night train to get to kiev, the russian bombed kiev 4 hours before
i got there, when they had not bombed kiev before.
we have a heated debate, he was supposed to sign the deal in
munich, he did not sign it there, he wanted to come to the whitehouse
where the deal blew up.
bessent: the deal was great, they did not like it cos we would regulate the money
which means they could not take their cuts, they did not like that.
i think that was the glitch in deal and the reason why they did not like it.
the deal meant the ukraine and american people both get money instead of
those who looked to benefit from it.
bessent: we all take president trumps lead.
he is his own best spokeman, no one can do it better.
bessent: no one should listen to anyone about the us dollar apart from
president trump or me, we are the only ones know. the dollar is well protected.
the dollar is going to do great.
end