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Speaker 1: And as a total contribution. That's big stuff. I don't

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Speaker 1: care who you are. That's becoming.

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Speaker 2: I give me and let me have a little of

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Speaker 2: that luck. That's fantastics.

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Speaker 1: And these gifts will be available to the first twenty

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Speaker 1: five million children aged ten and under the signed the

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Speaker 1: zip codes where their median income is one hundred and

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Speaker 1: fifty thousand dollars or less. So they're giving them to

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Speaker 1: children that won't be born particularly rich.

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Speaker 2: And they're going to be hopefully very rich someday.

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Speaker 1: This will give millions of dollars, millions of chi children,

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Speaker 1: middle class families, a stake in American prosperity, a benefit

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Speaker 1: from the rising stock market, and a better shot at

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Speaker 1: the American dream. It really gives them a shot at

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Speaker 1: the American dream. Michael and Susan, I want to thank

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Speaker 1: you for this extraordinary act of kindness and patriotism and charity.

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Speaker 1: This is truly one of the most generous in the

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Speaker 1: history of our country. I mean, you just don't you

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Speaker 1: don't hear about things like that, And we got to

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Speaker 1: let people know. He doesn't want and she doesn't care

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Speaker 1: about that, but I do. I think when somebody does that,

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Speaker 1: you got to let him know about it. As I mentioned,

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Speaker 1: this gift is being made possible by the largest tax

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Speaker 1: cuts in American history, which are Republican majorities passed earlier

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Speaker 1: this year.

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Speaker 2: And the Speaker worked so hard, and.

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Speaker 1: John Thune and Jason and all of them, every one

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Speaker 1: of them ted ted cruises with us.

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Speaker 2: He worked so hard getting that done.

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Speaker 1: That was the biggest, most consequential bill they say, ever passed.

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Speaker 1: And you know, if they remember, Michael, we were they

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Speaker 1: thought we had to put that in twelve to fourteen bills.

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Speaker 1: I said, I don't know if we can hold it

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Speaker 1: that long with the Democrats, and we said, let's try

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Speaker 1: doing it once. So we did, and people were surprised,

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Speaker 1: but we got it done. So I congratulate you guys,

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Speaker 1: amazing job. Under that bill, the federal government will also

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Speaker 1: automatically be made taking a one time set contribution of

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Speaker 1: one thousand dollars into the TAXA for Trump accounts for

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Speaker 1: every newborn US citizen, fulfilling a promise I made in

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Speaker 1: the twenty twenty four campaign. Trump accounts should grow to

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Speaker 1: be worth many thousands of dollars by the time the

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Speaker 1: child is eighteen, and even more by the time they

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Speaker 1: are twenty or even thirty years old. We think it's

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Speaker 1: going to be something really unique and really special. We

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Speaker 1: hope many others will follow Michael and Susan's example and

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Speaker 1: make their own contributions. I'll be doing it too, to

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Speaker 1: the next generation, including businesses, churches, philanthropists, family members, and

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Speaker 1: parents themselves. I think we're gonna have a lot of people, Susan,

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Speaker 1: I think a lot of people are going to be contribute.

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Speaker 1: A lot of people are watching us right now. They

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Speaker 1: might not be six six billion dollars plus, but there'll.

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Speaker 2: Be a lot.

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Speaker 1: There aren't too many people that are in the six

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Speaker 1: billion range, but they'll be a lot. A lot of

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Speaker 1: friends of mine have already told me they're going to

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Speaker 1: contribute a lot of mine and a lot of them

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Speaker 1: are going to leave a lot of money in their wills.

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Speaker 1: So that's very important, and as you watch us today,

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Speaker 1: I hope you'll be doing that. Contributions to Trump accounts

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Speaker 1: will also be a great benefit for employers to offer

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Speaker 1: their workers, which they'll be able to do tax free.

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Speaker 2: It's tax free.

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Speaker 1: We expect hundreds of major companies to announce plans to

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Speaker 1: contribute to these accounts in the coming months and we've

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Speaker 1: had tremendous interest in that regard.

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Speaker 2: So the Trump accounts will be available starting on July

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Speaker 2: fourth next year. And Michael and Susan to you again.

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Speaker 1: It's an amazing act of just incredible everything. I mean,

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Speaker 1: the life you've led to be able to do this,

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Speaker 1: even to be able to even a lot of people

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Speaker 1: have a good heart, but they can't give six billion,

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Speaker 1: two hundred and fifty million dollars.

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Speaker 2: And Michael, probably knowing you, it's not the last of

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Speaker 2: it either.

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Speaker 1: It's not the last, but on behalf of the United

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Speaker 1: States of America. I want to thank you both, and

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Speaker 1: I want to thank all three, but I want to

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Speaker 1: thank you.

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Speaker 2: Both because you've been friends of mine and.

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Speaker 1: It's a spectacular couple. This is really an amazing and

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Speaker 1: amazing people. These are unique and I'd like to have

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Speaker 1: you come up and say a couple of words and

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Speaker 1: tell us what you have in mind, because what you

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Speaker 1: have in mind is good.

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Speaker 3: Thank you very much, Thank you, Thank you, sir, Thank you,

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Speaker 3: mister President.

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Speaker 4: It's a great honor to be with you.

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Speaker 2: Here in the White House.

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Speaker 3: And you know, when you pass the invest America Act

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Speaker 3: on July fourth of this year, we were really inspired

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Speaker 3: to see that happen. And this is something that you know,

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Speaker 3: Brad had first mentioned to us in twenty twenty one.

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Speaker 3: We thought it was a great idea then, and it's

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Speaker 3: amazing that it happened. And we also saw that this

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Speaker 3: Act would become a platform. And you know, we believe

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Speaker 3: the smartest investment that we can make is an investment

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Speaker 3: in children.

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Speaker 5: And this.

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Speaker 3: Act has created a platform for families and friends and

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Speaker 3: communities and companies and philanthropists to contribute to these accounts

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Speaker 3: to create a savings and opportunity and hope and prosperity

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Speaker 3: for tens of millions of children in this country. And

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Speaker 3: Susan and I are super excited to announce our six

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Speaker 3: point twenty five billion dollar gift to twenty five million

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Speaker 3: American children ten and under. And our gift will cover

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Speaker 3: most of the children that are ten and under that

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Speaker 3: are not part of the federal program, the zero to

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Speaker 3: two year olds, and who also live in zip codes

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Speaker 3: where the immediate income is one hundred and fifty thousand

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Speaker 3: dollars or less. And I have spoken with the number

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Speaker 3: of other wealthy Americans philanthropists, and we are confident that

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Speaker 3: others will join us because we all understand the incredible

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Speaker 3: impact that a gift like this can have on the

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Speaker 3: lives of young Americans. So again, it's a great honor

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Speaker 3: for us to be here, to be able to announce this.

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Speaker 3: You know, when I was eight years old, I got

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Speaker 3: a past book savings account and I had I think

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Speaker 3: about eight dollars in it. And you go to the

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Speaker 3: savings alone and you give them a quarter and they'd

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Speaker 3: stamp your account. And I got to see the power

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Speaker 3: of compound interest early in my life, and that has

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Speaker 3: brought me here to this moment, and hopefully we'll inspire

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Speaker 3: that kind of opportunity for many more young people in

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Speaker 3: this country. So again, thank you for the privilege of

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Speaker 3: being here.

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Speaker 1: Thank you, Susan, So thank you very much.

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Speaker 6: Susan, would you like something, I'd just like to say

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Speaker 6: how excited we are to be a part of this.

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Speaker 6: We believe that when children have a future that they

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Speaker 6: can see is worth saving for, then that will help

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Speaker 6: build hope and opportunity and prosperity for generations to come.

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Speaker 6: So we're so excited to be doing this and hope

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Speaker 6: to have many people join in our efforts.

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Speaker 4: Thank you so much.

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Speaker 2: Thank you, Susan.

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Speaker 7: So well.

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Speaker 8: First, it's an incredible honor to be here, and we

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Speaker 8: wouldn't be here without the passage of the Investor America Act,

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Speaker 8: and everybody on up here today played a role in

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Speaker 8: getting that done. The Speaker ted Cruz in drafting the

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Speaker 8: legislation so that when the President placed the call to

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Speaker 8: the Speaker and said let's make this happen in the

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Speaker 8: big beautiful bill, Congress was ready to act.

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Speaker 7: They had the legislation drafted.

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Speaker 8: But I couldn't be more grateful for the friendship and

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Speaker 8: the partnership of the Dells that really show the best

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Speaker 8: of America today is giving Tuesday right. And the fact

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Speaker 8: of the matter is, for decades we've talked about the

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Speaker 8: wealth gap. We've talked about too many people left out

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Speaker 8: and left behind. This president was elected on a main

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Speaker 8: street agenda to get the rest of America into the game.

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Speaker 7: And that's exactly what this does.

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Speaker 8: It gets every American child three point seven million children

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Speaker 8: born every year, will now start life off with an

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Speaker 8: investment account seeded with one thousand dollars.

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Speaker 7: And then you're going to.

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Speaker 8: Have great philanthropists, great Americans like Michael and Susan who

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Speaker 8: are going to add money to those accounts we're going

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Speaker 8: to be We're overwhelmed with a number of companies that

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Speaker 8: want to contribute to these accounts already, companies from Uber

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Speaker 8: to Nvidia, T Mobile to Charter Communications, Dell, etc.

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Speaker 7: The list goes on.

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Speaker 8: In every day, more companies are calling us, raising their

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Speaker 8: hands and saying we want to be part of this.

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Speaker 8: It's like a four oh one k from birth. It's

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Speaker 8: a benefit for the kids of our employees, right, major philanthropists.

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Speaker 8: But I think what this is going to unlock is

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Speaker 8: the power of families, moms and dads, venmoing and apple

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Speaker 8: paining and five bucks ten bucks right in getting these

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Speaker 8: kids into the game. When we had the roundtable at

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Speaker 8: the White House earlier this year, Dara kashra Shahi, the

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Speaker 8: CEO of Uber, said, you know, after fleeing around at

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Speaker 8: the age of nine with nothing, he came to America

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Speaker 8: because it was the land of hope. And he said,

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Speaker 8: what the Investor America Act does is it bottles up

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Speaker 8: hope for.

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Speaker 7: Every child in America.

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Speaker 8: Whether you're in rural Mississippi or rural Indiana where I

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Speaker 8: came from, inner city Trenton or Compton, You're now in

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Speaker 8: the game, right that act alone, I think reinvigorates the

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Speaker 8: American dream. It reinvigorates the idea of free market capitalism.

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Speaker 8: Too many people are losing faith, and you, sir, by

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Speaker 8: passing the Invest America Act and getting all these kids

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Speaker 8: into the game, this is a transformational act in this country.

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Speaker 7: Forever more.

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Speaker 8: Every child starts off life in the game with the

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Speaker 8: piece of the American dream compounding in the upside of America.

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Speaker 8: So thank you for having us here.

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Speaker 9: Take the victory first. I've heard of the breeze.

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Speaker 10: Good afternoon, everyone, And I think this is a major

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Speaker 10: change in philanthropy and for American working families. It is

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Speaker 10: the merging of President Trump's agenda of parallel prosperity.

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Speaker 4: Main Street meets Wall Street.

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Speaker 10: For the next five years, that every child born in

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Speaker 10: the US will get a thousand dollars Trump account that

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Speaker 10: will be with them and compound for the next eighteen years.

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Speaker 10: Treasury Department, with other branches of government is going to

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Speaker 10: do financial literacy and we are going to make sure

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Speaker 10: that all American families have a stake in the success.

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Speaker 4: Of the United States of America.

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Speaker 10: So every day when the stock market goes up or down,

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Speaker 10: and we believe over the eighteen years, it will go

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Speaker 10: up and families will learn the power of compounding. That

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Speaker 10: it will be a game changer. People who have a

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Speaker 10: stake in the system and become more and more vested

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Speaker 10: in the system. They do not want to bring down

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Speaker 10: the system. They want to make it better. So I

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Speaker 10: think we will look back on today and know that

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Speaker 10: these Trump accounts, they have started a new age of

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Speaker 10: the capitalism and market interests for the whole country. I

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Speaker 10: also think that it is a game changer, as we're

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Speaker 10: seeing with Michael and Susan Bell today that Americans are

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Speaker 10: the most generous people in the history of the world.

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Speaker 10: And the Trump accounts will provide a vehicle for philanthropists

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Speaker 10: such as Michael and Susan and many more to contribute.

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Speaker 10: And at Treasury we are working so Michael and Susan

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Speaker 10: want to do it for children or in the past

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Speaker 10: ten years, a certain income level, as Brad said, it

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Speaker 10: can be tailored, it can be to employees, it could

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Speaker 10: be a philanthropist adopt a state, they can adopt a school,

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Speaker 10: they can adopt a zip code, they can adopt a street.

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Speaker 10: And so we will constantly see these accounts the top

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Speaker 10: up for those of you on the Treasury will be

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Speaker 10: running this on the operational side.

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Speaker 4: For those of you who would like to, you can.

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Speaker 10: Go to Trump Accounts dot gov today and see the

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Speaker 10: homepage that has a basic outline. Will become operational on

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Speaker 10: July fifth of this year, and we will have families

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Speaker 10: start signing up for them so.

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Speaker 4: And that.

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Speaker 10: Homepage will answer all the questions on eligibility and investment.

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Speaker 10: And then finally today we're here on Giving Tuesday. Michael

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Speaker 10: and Susan have led the way, but I think that

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Speaker 10: there's a chance that every Tuesday can become Giving Tuesday.

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Speaker 10: As more and more philanthropist they see the power of this,

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Speaker 10: of giving to American families, giving to American children, and

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Speaker 10: giving everyone a stake in our great economy.

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Speaker 4: So thank you very much.

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Speaker 9: I'll be brief.

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Speaker 11: There's a lot of symbolism here today, right here on

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Speaker 11: the eve of the two hundred and fiftieth anniversary of

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Speaker 11: the greatest nation in the history of the world. We

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Speaker 11: are the greatest nation by any objective measure. We're the

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Speaker 11: most free, most powerful, most successful, the most benevolent nation

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Speaker 11: that's ever been. And I think what you're seeing here

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Speaker 11: is another exhibit of that this idea.

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Speaker 9: This vision came about because.

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Speaker 11: Brad and a couple of smart guys came up with

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Speaker 11: this idea and then took a few years to sell

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Speaker 11: the idea to everybody. And then these visionary legislators over here,

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Speaker 11: Senator Ted Cruz and Blake Moore in the House and

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Speaker 11: Jason Smith the Ways and Meatshare, really caught the vision

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Speaker 11: and we put it into the Big Beautiful Bill, the

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Speaker 11: Working Families Tax Cut We've been saying all along, that

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Speaker 11: was drafted to really help lower and middle class earners

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Speaker 11: in America.

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Speaker 9: And this is one of the great features.

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Speaker 11: One of the perils of having the Big Beautiful Bill

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Speaker 11: and having it all in there together. The President and

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Speaker 11: I have talked about many times, is that there's so

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Speaker 11: many great things in that legislation, we don't have enough

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Speaker 11: time to talk about all of it. So we need

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Speaker 11: a moment to really focus on this. Giving Tuesday is appropriate,

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Speaker 11: a perfect time to do it, and it's absolutely perfect.

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Speaker 9: I think that.

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Speaker 11: July fifth becomes the operational date, right after the nation's birthday.

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Speaker 11: So what we're going to see here is a model

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Speaker 11: that I don't think anyone has done anywhere in the world.

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Speaker 11: They wouldn't have the capability to do it. They wouldn't

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Speaker 11: have philanthropists and great Americans with big hearts like this

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Speaker 11: who've earned their way and really fulfilled the American dream,

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Speaker 11: and they have a vision and a desire for more

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Speaker 11: and more people to do that, and so now more

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Speaker 11: and more Americans will. It kind of evens the playing

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Speaker 11: field in a way, right, and everybody has an opportunity.

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Speaker 9: So we're just excited to be a part of it.

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Speaker 11: Grateful to the vision, Grateful to a president who leads

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Speaker 11: from the front, who understands the potential of something like this,

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Speaker 11: And this will be one of the many marquee achievements

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Speaker 11: of the Trump administration. This will be one that people

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Speaker 11: remember for a long long time, and I think it

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Speaker 11: can change the country. So thanks, Miss President, Thanks Brad,

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Speaker 11: all of you for being a part.

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Speaker 9: Thank you to the deal. It's really amazing. Thank you sure,

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Speaker 9: thank you bo.

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Speaker 4: Well.

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Speaker 12: I want to congratulate all the men and women up here,

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Speaker 12: and Miss President, I think objectively, on the merits, the

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Speaker 12: case can be made that there has never been a

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Speaker 12: president who's had a greater positive impact on the children

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Speaker 12: of America than you have, and in particular in this

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Speaker 12: one big, beautiful bill. I think the two most long

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Speaker 12: lasting and far reaching provisions are Number one, the school

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Speaker 12: choice provision that you sign in the law that is

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Speaker 12: going to unleash tens of billions of dollars to scholarships

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Speaker 12: to low income kids all over the country and is

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Speaker 12: going to change the lives of millions of kids. And

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Speaker 12: the second provision is this provision right here, the Trump accounts,

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Speaker 12: these Trump accounts. Starting on July fourth, every child in

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Speaker 12: America will have a personal investment account opened for them.

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Speaker 12: Newborn children will have it seeded with one thousand dollars.

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Speaker 12: Parents and family and employers can contribute up to five

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Speaker 12: thousand a year in a tax advantaged account. That money

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Speaker 12: will be invested in the S and P five hundred

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Speaker 12: and the stock market broad based Equity Index account. Two

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Speaker 12: massive benefits that change this country. Number One, every child

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Speaker 12: in America will experience the benefits of compound growth. Take

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Speaker 12: a little girl born next year. She's born next year,

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Speaker 12: she has the account opened for her. One thousand dollars

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Speaker 12: is automatically seated. Her parents or family or an employer

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Speaker 12: puts five thousand a year each year into that account.

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Speaker 12: If you assume the historic rate of growth of the

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Speaker 12: S and P five hundred, which is seven percent a year.

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Speaker 12: By the time that little girl is eighteen, she will

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Speaker 12: have one hundred and seventy thousand dollars in that account.

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Speaker 5: And if she keeps saving.

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Speaker 12: By the time that little girl is thirty five, she

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Speaker 12: will have seven hundred thousand dollars in that account.

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Speaker 5: That is game changeing.

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Speaker 12: In We're not talking the children of Michael and Susan Dell,

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Speaker 12: the children of Donald Trump, the children of people of

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Speaker 12: great success. We're talking the kids of a single mom

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Speaker 12: waiting tables, who could have seven hundred thousand dollars saved

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Speaker 12: by the time she's thirty five, to get an education,

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Speaker 12: to start a business, to buy a house.

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Speaker 5: That changes their whole lives.

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Speaker 12: But the second benefit, and what I'm really excited about,

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Speaker 12: is we are creating a new generation of capitalists. Every

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Speaker 12: child in America is going to be an owner of

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Speaker 12: the biggest employers in this country. We've all seen the

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Speaker 12: sad statistics of how many kids are losing faith in capitalism. Well,

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Speaker 12: ten years from now, a little boy is going to

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Speaker 12: pull out his phone and he's going to look at

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Speaker 12: his app, and he's going to see his Trump account,

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Speaker 12: and instead of thinking of big, bad, scary corporations, that

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Speaker 12: little boy is going to say, I own fifty bucks

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Speaker 12: of Apple, I own one hundred bucks of Dell, I

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Speaker 12: own seventy five bucks of McDonald's. And every child is

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Speaker 12: an owner of the biggest employers in this country. That

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Speaker 12: will transform this country. Mister President, thank you for signing it.

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Speaker 12: Let me say, Brad, this would not be a law

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Speaker 12: if Brad Gersner did not pursue it with absolute, dogged determination, relentless.

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Speaker 12: I've gotten calls and texts from Brad at six.

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Speaker 5: Am and at two am.

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Speaker 12: You may sleep less than the President, Brad, and then

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Speaker 12: that is a remarkable thing, because I don't think he

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Speaker 12: sleeps at all. And finally, I'll just say that to

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Speaker 12: Michael and Susan, incredible Texans. Six and a quarter billion

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Speaker 12: dollars is extraordinarily generous. Let me say, on behalf of

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Speaker 12: twenty five million kids who just got a gift from

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Speaker 12: Michael and Susan. And it's not a gift of a

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Speaker 12: video game, it's not a gift of a bicycle. It's

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Speaker 12: an investment in their future that changes their lives. And

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Speaker 12: I hope and believe Michael and Susan are going to

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Speaker 12: inspire millions across the country to do the same thing.

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Speaker 12: When Congress passed section four oh one K of the ARISA,

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Speaker 12: I don't know that anyone realized how much it would

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Speaker 12: change retirement plans. There's now trillions of dollars in four

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Speaker 12: oh one K plans. They're going to be trillions of

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Speaker 12: dollars and these these are four oh one k's for kids.

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Speaker 12: And mister President, these Trump accounts exist because you signed them.

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Speaker 5: Thank you for your leadership. It's an honor to work

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Speaker 5: with you.

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Speaker 9: To say it's come on for a second, perfect thank you.

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Speaker 13: First, I would just want to thank Michael and Susan

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Speaker 13: for the kind gift. What you all have done will

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Speaker 13: be transformational for twenty five million million kids and a

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Speaker 13: lot of people. We can think for the provisions and

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Speaker 13: this big beautiful bill, but there is no one to

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Speaker 13: think greater than President Donald Trump. And I'll tell you this,

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Speaker 13: out of every executive I've ever worked with, there's no

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Speaker 13: one that's been more engaging, no one that has been

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Speaker 13: more involved. And the only reason why these investment accounts

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Speaker 13: are in the Big Beautiful Bill is because he helped

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Speaker 13: convince other members of Congress that this is a good idea.

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Speaker 13: This has been something that has been discussed for a

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Speaker 13: long time, but no one could ever.

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Speaker 4: Get it passed.

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Speaker 13: But who helped get it passed was Donald Trump. I

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Speaker 13: can tell you that from day one throughout the process,

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Speaker 13: and so that's going to affect billions, millions of kids

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Speaker 13: in their futures.

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Speaker 4: Thank you, Thank you.

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Speaker 14: I was not planning or prepared to speak today, but

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Speaker 14: the gravity of the situation.

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Speaker 4: Is not lost on me.

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Speaker 14: I have four boys of my own, thirteen and under,

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Speaker 14: and on the heels of a six billion dollar announcement,

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Speaker 14: I hope that that doesn't go without some major headlines.

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Speaker 14: That I will be making announcement of my own that

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Speaker 14: I will be contributing sixty dollars to each one of

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Speaker 14: my children's accounts today actually to make to try to

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Speaker 14: bring some levity to that every parent, every grand grandpa,

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Speaker 14: and grandma can now look and say, I can get

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Speaker 14: my grandkid this little toy or something. And may of

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Speaker 14: us going to continue to happen, but there is a

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Speaker 14: new option in another way for them to be able

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Speaker 14: to invest and have a lasting legacy. And as a

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Speaker 14: dad of four kids, seeing kids in our neighborhood them.

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Speaker 14: To have that opportunity is something that not every day

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Speaker 14: in Congress, as I've joked with my colleagues, is the

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Speaker 14: most productive day in my career. But to be able

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Speaker 14: to be a part of something like this is it

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Speaker 14: makes everything worthwhile. I'm away from my kids a ton

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Speaker 14: in this job, and being able to be a part

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Speaker 14: of something like this, a small part that I played

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Speaker 14: is something that is transformational. And I'll be able to

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Speaker 14: look back on this and and and be so grateful

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Speaker 14: for this opportunity that I've had to be able to

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Speaker 14: serve in Congress.

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Speaker 9: Thank you so much.

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Speaker 15: I appreciate the chance to.

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Speaker 1: Be here than you would. Anybody have a question, Michael,

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Speaker 1: Susan Brad please yet.

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Speaker 16: For you if you did, either of you say, you're

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Speaker 16: telling me how much.

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Speaker 5: I'm president.

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Speaker 3: Is there an educational value to this in terms of

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Speaker 3: not just the money in the account.

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Speaker 4: What do you kids learn?

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Speaker 17: Well, I think they can learn a little bit about

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Speaker 17: the free indigressives about they can really learn a lot

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Speaker 17: about how life works, how business, wanting to go out

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Speaker 17: and make a living for themselves, because maybe it's going

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Speaker 17: to be a lot more than we think, or maybe

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Speaker 17: it's not going to be play as less, we think

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Speaker 17: any wonder what happens with.

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Speaker 15: The world in the market.

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Speaker 1: We'll try and do very well in that R two.

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Speaker 2: But there's a lot of learning to be done. And

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Speaker 2: I think this is a big step forward.

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Speaker 4: And your reaction, did either of you say you're done

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Speaker 4: any how much? We already said it's six million dollars. No,

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Speaker 4: I mean it was a reaction between the two of you.

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Speaker 4: Someone came up with the idea, O.

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Speaker 5: Sure, oh well, so we we kind of started with.

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Speaker 3: A small amount, to be honest, and and we started

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Speaker 3: talking about Texas only at the beginning and adopting the

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Speaker 3: state of Texas, right, right, And then we thought about

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Speaker 3: it some more and we.

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Speaker 6: Thought about pretty excited about the idea.

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Speaker 3: Yeah, And we went back and forth and as we

444
00:23:51,480 --> 00:23:54,560
Speaker 3: do on these things, and we were more excited the

445
00:23:54,680 --> 00:23:54,959
Speaker 3: next thing.

446
00:23:55,040 --> 00:23:55,959
Speaker 5: This is where we ended up.

447
00:23:56,440 --> 00:23:59,560
Speaker 3: So, but a lot of a lot of discussion and

448
00:24:00,040 --> 00:24:06,399
Speaker 3: iteration over one period of time. Yeah, we believe, we

449
00:24:06,480 --> 00:24:07,119
Speaker 3: feel great about it.

450
00:24:07,200 --> 00:24:09,960
Speaker 6: The greatest investment that we could possibly make is in children,

451
00:24:10,000 --> 00:24:12,680
Speaker 6: and we've been investing in children for over twenty six

452
00:24:12,800 --> 00:24:14,160
Speaker 6: years with our foundation.

453
00:24:14,640 --> 00:24:17,480
Speaker 3: Yeah, and you know there are thirty states already that

454
00:24:18,080 --> 00:24:21,640
Speaker 3: require at least one semester of financial literacy.

455
00:24:21,320 --> 00:24:23,600
Speaker 2: And hopefully all fifty states will do that.

456
00:24:24,119 --> 00:24:27,919
Speaker 3: And you know, as children begin to understand that they

457
00:24:28,040 --> 00:24:33,280
Speaker 3: have these accounts, that creates a real need for our schools,

458
00:24:33,560 --> 00:24:37,760
Speaker 3: our parents, our community organizations to really begin to grow

459
00:24:37,880 --> 00:24:40,560
Speaker 3: financial literacy in the country, which can only be a

460
00:24:40,640 --> 00:24:41,040
Speaker 3: good thing.

461
00:24:41,920 --> 00:24:45,560
Speaker 17: It's really an amazing moment that two people would do

462
00:24:45,800 --> 00:24:47,000
Speaker 17: that kind of constribution.

463
00:24:47,119 --> 00:24:51,320
Speaker 18: I mean, it's just an amazing moment and tremendous are

464
00:24:51,480 --> 00:24:55,600
Speaker 18: in great entrepreneurs, is great entrepreneurs. They both great entrepreneurs

465
00:24:55,640 --> 00:24:57,720
Speaker 18: because you probably wouldn't have done it with that view

466
00:24:58,240 --> 00:24:59,679
Speaker 18: to be out of sincili off.

467
00:24:59,520 --> 00:25:02,920
Speaker 17: Everyone and I know this relationships as well. It could

468
00:25:02,960 --> 00:25:05,399
Speaker 17: be a lot of truth to that, but it shows

469
00:25:05,440 --> 00:25:06,480
Speaker 17: you that there's a big.

470
00:25:06,400 --> 00:25:10,000
Speaker 19: Heart and some breat people. He's a tough cookie, but

471
00:25:12,200 --> 00:25:15,520
Speaker 19: a very very warm spot. And what you've done, I

472
00:25:15,600 --> 00:25:17,320
Speaker 19: don't think cool. This is going to be talking about

473
00:25:17,320 --> 00:25:21,400
Speaker 19: for a long time. We'll be forgot interesting mask.

474
00:25:21,440 --> 00:25:23,840
Speaker 15: Good question, thank you, sir. My question is about the

475
00:25:24,080 --> 00:25:27,280
Speaker 15: logistics or the administration of the program. You obviously want

476
00:25:27,359 --> 00:25:28,880
Speaker 15: to help poor children.

477
00:25:29,760 --> 00:25:30,679
Speaker 4: How will you help.

478
00:25:31,080 --> 00:25:33,919
Speaker 15: Families perhaps who don't have access to computers.

479
00:25:33,520 --> 00:25:36,760
Speaker 20: Or internet at home, to make this program a reality,

480
00:25:39,440 --> 00:25:41,560
Speaker 20: and please speak in the microphone if you don't mind.

481
00:25:44,000 --> 00:25:44,200
Speaker 5: Well.

482
00:25:44,920 --> 00:25:48,320
Speaker 8: First, Treasury, as the Secretary talked about, is going to

483
00:25:48,320 --> 00:25:51,440
Speaker 8: be administering the program, and we should just say that

484
00:25:51,600 --> 00:25:55,280
Speaker 8: Luke Pettitt, the Assistant Treasury Secretary, has just done an

485
00:25:55,320 --> 00:25:59,160
Speaker 8: extraordinary job with the Secretary and what I think will

486
00:25:59,240 --> 00:26:03,520
Speaker 8: be the biggest consumer launch in the history of government.

487
00:26:04,359 --> 00:26:07,280
Speaker 8: Sixty million accounts are going to get created next year,

488
00:26:08,080 --> 00:26:14,920
Speaker 8: and these accounts, these accounts are going to be you know, promulgated.

489
00:26:15,040 --> 00:26:16,760
Speaker 8: All parents are going to have to do is to

490
00:26:16,840 --> 00:26:19,320
Speaker 8: claim the account. So if they have access to an

491
00:26:19,359 --> 00:26:21,680
Speaker 8: Android phone or a public library to go to a

492
00:26:21,760 --> 00:26:25,320
Speaker 8: computer and gain access, they can claim that account. And

493
00:26:25,960 --> 00:26:28,120
Speaker 8: whether they claim it or not, the account is going

494
00:26:28,200 --> 00:26:31,200
Speaker 8: to continue to compound, so they don't have a deadline

495
00:26:31,240 --> 00:26:33,040
Speaker 8: by which they have to claim the account.

496
00:26:33,080 --> 00:26:34,480
Speaker 7: There's time, right, and.

497
00:26:34,520 --> 00:26:36,840
Speaker 8: There's going to be a lot of resources. Think about

498
00:26:36,880 --> 00:26:40,240
Speaker 8: this kids in school. We're going to have schools engaged

499
00:26:40,359 --> 00:26:43,200
Speaker 8: helping to tell them that they need to claim their accounts,

500
00:26:43,240 --> 00:26:45,360
Speaker 8: to educate them, etc. We're going to run a big

501
00:26:45,480 --> 00:26:48,760
Speaker 8: public campaign around this so we're just getting started.

502
00:26:48,800 --> 00:26:49,760
Speaker 7: Today is day one.

503
00:26:50,320 --> 00:26:54,280
Speaker 8: This is an extraordinary contribution, but it's the beginning of

504
00:26:54,320 --> 00:26:56,200
Speaker 8: a drumbeat you're going to hear for the next six

505
00:26:56,280 --> 00:26:58,800
Speaker 8: months leading up to the two hundred and fiftieth anniversary

506
00:26:58,840 --> 00:27:00,840
Speaker 8: of the country. I don't think there's anybody in the

507
00:27:00,880 --> 00:27:03,240
Speaker 8: country who won't have heard about this by the time

508
00:27:03,320 --> 00:27:05,360
Speaker 8: we get to July fourth the next year, and we're

509
00:27:05,359 --> 00:27:09,280
Speaker 8: going to make sure. Listen, we know that wealthy families

510
00:27:09,359 --> 00:27:12,840
Speaker 8: have access to five twenty nine accounts, right this is

511
00:27:12,880 --> 00:27:15,800
Speaker 8: an opportunity, and the instruction was how do we get

512
00:27:15,920 --> 00:27:20,080
Speaker 8: the fifty million other families into the game. This is

513
00:27:20,160 --> 00:27:23,399
Speaker 8: the first time we've done that because we're auto creating

514
00:27:23,480 --> 00:27:25,960
Speaker 8: these accounts for every child at birth, and so we're

515
00:27:26,000 --> 00:27:28,960
Speaker 8: going to be very focused on making sure that every

516
00:27:29,080 --> 00:27:31,760
Speaker 8: family entitled to get one of these accounts is able

517
00:27:31,800 --> 00:27:32,600
Speaker 8: to claim it and get it.

518
00:27:35,920 --> 00:27:39,440
Speaker 21: Yes, sir, this these program seemed to create an opportunity

519
00:27:39,520 --> 00:27:42,840
Speaker 21: for parents to create unprecedented financial.

520
00:27:42,520 --> 00:27:44,439
Speaker 15: Securities where their children, Sir, do.

521
00:27:44,480 --> 00:27:46,360
Speaker 22: You believe that these accounts will be a big part

522
00:27:46,440 --> 00:27:49,040
Speaker 22: of your legacy when everything goes down? We've heard that

523
00:27:49,200 --> 00:27:52,199
Speaker 22: talks about you make legacy as a peace maker, but this.

524
00:27:52,440 --> 00:27:55,720
Speaker 1: Is a really idun Yeah, I appreciate that. I do

525
00:27:55,880 --> 00:27:57,760
Speaker 1: think so, and I think it's a big part of

526
00:27:58,440 --> 00:28:00,560
Speaker 1: everybody up here today. This was a group that was

527
00:28:00,720 --> 00:28:06,119
Speaker 1: very instrumental, and in particular obviously Michael and Susan.

528
00:28:06,760 --> 00:28:08,360
Speaker 2: It's a big part of their legacy.

529
00:28:08,480 --> 00:28:11,040
Speaker 1: You know, they've got a big legacy anyway, but this

530
00:28:11,240 --> 00:28:14,720
Speaker 1: is maybe going to be as important or more important

531
00:28:14,720 --> 00:28:18,160
Speaker 1: than anything they've done thus far. It's you know, looking

532
00:28:18,240 --> 00:28:20,360
Speaker 1: back in one hundred years from now, I think you're

533
00:28:20,359 --> 00:28:22,120
Speaker 1: going to see some things that are going to they'll

534
00:28:22,160 --> 00:28:24,320
Speaker 1: be talking about this very day.

535
00:28:24,480 --> 00:28:28,320
Speaker 2: So thank you for that question. Yes, please, thank you,

536
00:28:28,359 --> 00:28:28,920
Speaker 2: mister president.

537
00:28:29,040 --> 00:28:31,720
Speaker 6: These accounts were originally discussed as a way to incentivize

538
00:28:31,760 --> 00:28:34,080
Speaker 6: people to have more children. Are there any other policy

539
00:28:34,119 --> 00:28:38,440
Speaker 6: proposals you're looking at like this to encourage superferate to Well.

540
00:28:38,360 --> 00:28:41,720
Speaker 1: We are looking at programs. We're looking at there's a

541
00:28:41,840 --> 00:28:44,920
Speaker 1: certain Australian plan that people are liking and they're talking

542
00:28:44,960 --> 00:28:48,880
Speaker 1: about you know what I mean, there's a plan where

543
00:28:49,360 --> 00:28:54,080
Speaker 1: not for children necessarily, but for people, working people, and

544
00:28:54,240 --> 00:28:57,240
Speaker 1: we are looking at other things different from this.

545
00:28:57,440 --> 00:28:59,880
Speaker 2: I think this is very unique, but different from the

546
00:29:00,160 --> 00:29:01,360
Speaker 2: but very important.

547
00:29:01,560 --> 00:29:06,960
Speaker 7: Yeah, retirement first, you me and the Australian Retirement.

548
00:29:07,920 --> 00:29:09,920
Speaker 1: Yep, we're looking at adversary. So it's a good plan

549
00:29:10,040 --> 00:29:12,480
Speaker 1: to work out very well. Yeah, please, it's President, and

550
00:29:12,680 --> 00:29:15,560
Speaker 1: can you talk about what has benefits of these accounts somew.

551
00:29:16,320 --> 00:29:18,640
Speaker 23: The information sheet we just received said that when a

552
00:29:18,760 --> 00:29:21,680
Speaker 23: child turns eighteen and we treated like traditional.

553
00:29:21,360 --> 00:29:24,080
Speaker 15: Iras, the subject to a ten percent was for all

554
00:29:24,240 --> 00:29:29,600
Speaker 15: tax looking love access.

555
00:29:30,640 --> 00:29:32,840
Speaker 24: They can access them when they're eighteen order you could

556
00:29:32,880 --> 00:29:37,600
Speaker 24: convert them into an IRA at that time during the

557
00:29:37,880 --> 00:29:42,800
Speaker 24: eighteen years of parents or employers getting made with the

558
00:29:42,920 --> 00:29:44,880
Speaker 24: tax deduction up to five.

559
00:29:44,760 --> 00:29:46,920
Speaker 4: Thousand dollars into each account.

560
00:29:47,400 --> 00:29:51,560
Speaker 25: And then Paul Anthropos, the Michael and Susan and added

561
00:29:51,560 --> 00:29:55,960
Speaker 25: an unlimited amount to the accounts, so five thousand dollars

562
00:29:56,040 --> 00:30:00,200
Speaker 25: from employee there were families and then yes on the

563
00:30:00,280 --> 00:30:02,840
Speaker 25: foundations and full aff This is going to be unloaded

564
00:30:02,960 --> 00:30:03,080
Speaker 25: or not?

565
00:30:03,520 --> 00:30:05,680
Speaker 16: Mister President, you said that you have been talking to

566
00:30:06,040 --> 00:30:09,240
Speaker 16: your wealthy friends as well as you mister Dell about contributing.

567
00:30:09,320 --> 00:30:11,280
Speaker 15: Can you walk us through maybe who you've been talking

568
00:30:11,320 --> 00:30:12,959
Speaker 15: to and how much more we can expect on top

569
00:30:13,000 --> 00:30:13,160
Speaker 15: of it.

570
00:30:13,200 --> 00:30:16,200
Speaker 1: I think we probably would think I would be talking

571
00:30:16,240 --> 00:30:18,760
Speaker 1: to I have. There's a group of people out there

572
00:30:18,840 --> 00:30:21,760
Speaker 1: that have been very successful, and we've already started talking

573
00:30:21,840 --> 00:30:25,560
Speaker 1: to you know, we're doing ballrooms, we're doing oarcs, we're

574
00:30:25,600 --> 00:30:28,479
Speaker 1: doing we have a thing that's being planned that's going

575
00:30:28,560 --> 00:30:30,400
Speaker 1: to be a great tribute to the country. As you know,

576
00:30:30,800 --> 00:30:34,800
Speaker 1: you probably heard about it. The arc that we're looking

577
00:30:34,880 --> 00:30:38,320
Speaker 1: at by the bridge by near Arlington. There's going to

578
00:30:38,360 --> 00:30:42,080
Speaker 1: be something. We're doing some other things for Washington itself

579
00:30:42,560 --> 00:30:44,560
Speaker 1: and for the country itself, but a lot of the

580
00:30:44,640 --> 00:30:48,360
Speaker 1: people that have you know, gone in and done a

581
00:30:48,440 --> 00:30:52,040
Speaker 1: real job with that. The ballroom, I think Michael and

582
00:30:52,120 --> 00:30:54,280
Speaker 1: Susan the next time we meet, well, I think, well,

583
00:30:54,320 --> 00:30:56,880
Speaker 1: hopefully we'll meet before then, but we're going to have

584
00:30:56,920 --> 00:30:59,120
Speaker 1: a big event over in the ballroom to celebrate this.

585
00:30:59,360 --> 00:31:04,640
Speaker 1: We're building a ballroom that they've wanted, this beautiful white

586
00:31:04,680 --> 00:31:06,680
Speaker 1: house for one hundred and fifty years. They've wanted it

587
00:31:06,800 --> 00:31:08,760
Speaker 1: so badly. Right now, we can hold one hundred and

588
00:31:08,840 --> 00:31:11,120
Speaker 1: nine people if you're lucky in a room. It's a

589
00:31:11,160 --> 00:31:13,160
Speaker 1: beautiful room, but it's one hundred and nine people, and

590
00:31:13,280 --> 00:31:16,040
Speaker 1: we're building something. You see the trucks in the back,

591
00:31:16,920 --> 00:31:20,520
Speaker 1: you see the clanging, the banging, and when it's completed,

592
00:31:20,520 --> 00:31:22,680
Speaker 1: it'll be one of the greatest ballrooms anywhere in the world.

593
00:31:22,720 --> 00:31:25,120
Speaker 1: It's going to be amazing. So people that were involved

594
00:31:25,160 --> 00:31:26,840
Speaker 1: in that process. I have a lot of friends with

595
00:31:27,480 --> 00:31:29,880
Speaker 1: a lot of success and every one of them. I

596
00:31:29,920 --> 00:31:32,760
Speaker 1: would be shocked if anyone turns us down. We're going

597
00:31:32,840 --> 00:31:34,600
Speaker 1: to have a lot of big contributors.

598
00:31:34,680 --> 00:31:37,280
Speaker 15: Jeff topic, if I may say, you had a call

599
00:31:37,440 --> 00:31:39,280
Speaker 15: with Brazil's was a blula today?

600
00:31:39,320 --> 00:31:42,080
Speaker 1: Can you tell us what dis Yeah, we had a

601
00:31:42,120 --> 00:31:46,240
Speaker 1: great talk. We talked about trade, we talked about sanctions

602
00:31:46,360 --> 00:31:48,720
Speaker 1: because as you know, I sanctioned them having to do

603
00:31:48,840 --> 00:31:53,680
Speaker 1: with certain certain things that took place. But we had

604
00:31:53,720 --> 00:31:57,040
Speaker 1: a very good talk. He's I like him very good.

605
00:31:57,440 --> 00:32:00,400
Speaker 1: We had some good meetings as you know, but we

606
00:32:00,480 --> 00:32:01,440
Speaker 1: had a very good talk today.

607
00:32:01,480 --> 00:32:02,080
Speaker 2: Yes, I did.

608
00:32:04,360 --> 00:32:06,800
Speaker 15: Wris and he was released from from President.

609
00:32:06,800 --> 00:32:09,760
Speaker 1: Yester Well he was the president and they had some

610
00:32:10,160 --> 00:32:12,480
Speaker 1: drugs being sold in their country and because he was

611
00:32:12,560 --> 00:32:15,760
Speaker 1: the president, they went after that was a Biden horrible

612
00:32:15,800 --> 00:32:17,840
Speaker 1: witch hunt, which was you know a lot of people

613
00:32:17,880 --> 00:32:20,440
Speaker 1: and hot durers asked me to do that and I

614
00:32:20,520 --> 00:32:23,320
Speaker 1: did it. I feel very good about it. If you

615
00:32:23,360 --> 00:32:26,400
Speaker 1: have some drug dealers in your country and you're the president.

616
00:32:27,440 --> 00:32:30,440
Speaker 1: You don't necessarily put the president in jail for forty

617
00:32:30,520 --> 00:32:33,920
Speaker 1: five years. That was a Biden inspired witch hunt.

618
00:32:37,360 --> 00:32:41,120
Speaker 16: Thank you so much for the president, uh your decisions,

619
00:32:41,160 --> 00:32:44,160
Speaker 16: for some decisions to Syria, when many posts for serial

620
00:32:44,280 --> 00:32:48,520
Speaker 16: people are now the minorities in Cli Kurt's Christians and

621
00:32:48,640 --> 00:32:51,440
Speaker 16: truth they once held us help to have the costs

622
00:32:51,880 --> 00:32:54,760
Speaker 16: upon me and their rights being protected.

623
00:32:54,440 --> 00:32:58,040
Speaker 1: In about and I think Syria has come a long way.

624
00:32:58,920 --> 00:32:59,040
Speaker 20: Uh.

625
00:32:59,440 --> 00:33:02,120
Speaker 1: The leader of Ziria was here as you know, three

626
00:33:02,160 --> 00:33:05,360
Speaker 1: weeks ago, and it was it was really into making

627
00:33:05,840 --> 00:33:08,320
Speaker 1: that country, bringing the country and not an easy job.

628
00:33:09,240 --> 00:33:14,480
Speaker 1: Not an easy job. It's uh, you know, centuries of problems.

629
00:33:15,200 --> 00:33:17,080
Speaker 1: But I think he's going to do a good job.

630
00:33:17,120 --> 00:33:18,920
Speaker 1: I mean I have a lot of confidence in Yeah,

631
00:33:20,320 --> 00:33:21,000
Speaker 1: the president of that.

632
00:33:21,480 --> 00:33:24,240
Speaker 23: In the broder contact of the economy with these childhood

633
00:33:24,720 --> 00:33:27,040
Speaker 23: investments were just outbated.

634
00:33:26,720 --> 00:33:30,160
Speaker 2: Five prive in history up from last year.

635
00:33:30,400 --> 00:33:32,960
Speaker 4: Twenty six billion dollars. You haven't told me about that.

636
00:33:34,080 --> 00:33:37,720
Speaker 26: We also saw the big must mount a trillion dollars on.

637
00:33:37,840 --> 00:33:42,520
Speaker 23: Christmas exactly, you know, increasing probably five straight gas and

638
00:33:42,600 --> 00:33:44,760
Speaker 23: full of three dollars a handle a little to fifteen

639
00:33:44,800 --> 00:33:46,240
Speaker 23: getting better energy.

640
00:33:46,280 --> 00:33:48,800
Speaker 4: Pology matters your coy.

641
00:33:49,760 --> 00:33:53,680
Speaker 2: And free American voice. So I heard.

642
00:33:55,480 --> 00:33:55,880
Speaker 21: Very much.

643
00:33:56,200 --> 00:33:58,840
Speaker 15: He keep talking so Fastments to the children.

644
00:33:58,880 --> 00:34:01,640
Speaker 26: Now, the economy is not a timis the children.

645
00:34:01,680 --> 00:34:03,920
Speaker 4: I don't three to the spot, right, dude, Well, I.

646
00:34:03,920 --> 00:34:07,600
Speaker 2: Did what I appreciate it. No, we have an amazing thing.

647
00:34:07,920 --> 00:34:11,759
Speaker 1: We have over almost twenty trillion dollars of investment coming in.

648
00:34:11,840 --> 00:34:14,080
Speaker 2: I don't even know if you know that. Twenty trillion.

649
00:34:14,120 --> 00:34:15,360
Speaker 2: That's a lot by any standard.

650
00:34:15,680 --> 00:34:19,319
Speaker 1: But Biden as an example, I say, there's his administration

651
00:34:19,480 --> 00:34:21,880
Speaker 1: over a four year period had much less than a trillion,

652
00:34:22,800 --> 00:34:25,359
Speaker 1: and we have We're up to eighteen I guess right now,

653
00:34:25,440 --> 00:34:30,319
Speaker 1: Scott about eighteen trillion in ten months. And there's never

654
00:34:30,400 --> 00:34:33,480
Speaker 1: been a country China. No country has ever done anything

655
00:34:33,520 --> 00:34:36,640
Speaker 1: even close to that. Even if you figure twenty percent

656
00:34:36,719 --> 00:34:38,680
Speaker 1: of that, no country has done twenty percent.

657
00:34:38,880 --> 00:34:40,640
Speaker 2: And it's because of tariffs.

658
00:34:40,680 --> 00:34:43,600
Speaker 1: Are because every I think because of November fifth, the election,

659
00:34:43,800 --> 00:34:44,600
Speaker 1: the election day.

660
00:34:45,560 --> 00:34:47,280
Speaker 2: But we have now under construction.

661
00:34:47,760 --> 00:34:50,560
Speaker 1: I guarantee you're expanding a lot of your different places,

662
00:34:50,680 --> 00:34:55,560
Speaker 1: right for Dell, But we have places like that, we

663
00:34:55,719 --> 00:34:58,640
Speaker 1: have car companies, we have AI coming in at levels.

664
00:34:58,760 --> 00:35:03,319
Speaker 1: Nobody's ever said anything like it's amazing. And this all

665
00:35:03,400 --> 00:35:07,319
Speaker 1: of these places, hundreds and hundreds of plants, thousands, they're

666
00:35:07,360 --> 00:35:09,320
Speaker 1: going to be opening and they're going to be producing

667
00:35:09,360 --> 00:35:12,520
Speaker 1: a lot of success, a lot of jobs. And I

668
00:35:12,600 --> 00:35:14,640
Speaker 1: say it all the time. The King of Saudi Arabia

669
00:35:14,719 --> 00:35:17,480
Speaker 1: said to me a year ago. He said, one year ago,

670
00:35:18,440 --> 00:35:21,800
Speaker 1: your country was dead, and now you've got the hottest

671
00:35:21,840 --> 00:35:22,960
Speaker 1: country anywhere in the world.

672
00:35:23,000 --> 00:35:23,640
Speaker 2: And that's what we have.

673
00:35:23,840 --> 00:35:26,239
Speaker 1: And it's one of the reasons Michael is able to

674
00:35:26,320 --> 00:35:28,239
Speaker 1: do this. It's one of the reasons I'm able to

675
00:35:28,320 --> 00:35:31,080
Speaker 1: be here. And you know, having really run a very

676
00:35:31,120 --> 00:35:34,799
Speaker 1: successful campaign. We won all seven swing states. We won

677
00:35:34,880 --> 00:35:38,759
Speaker 1: the popular vote by millions, we won the districts.

678
00:35:39,120 --> 00:35:41,800
Speaker 2: You the district vote is the most impressive.

679
00:35:42,400 --> 00:35:46,440
Speaker 1: Two thousand, seven hundred and fifty compared to five hundred

680
00:35:46,440 --> 00:35:46,880
Speaker 1: and fifty.

681
00:35:47,440 --> 00:35:48,240
Speaker 2: That's some difference.

682
00:35:48,400 --> 00:35:51,239
Speaker 1: And we just had a you know, we just had

683
00:35:51,280 --> 00:35:54,360
Speaker 1: a tremendous election and a tremendous vote of confidence.

684
00:35:54,560 --> 00:35:56,680
Speaker 2: And thank you very much for that question. Thank you.

685
00:36:01,840 --> 00:36:06,120
Speaker 22: So you make a deal with Democrats dress the president, Well,

686
00:36:06,200 --> 00:36:08,560
Speaker 22: you just saw President Trump make an announcement from the

687
00:36:08,680 --> 00:36:11,680
Speaker 22: Roosevelt Room at the White House regarding a six billion

688
00:36:11,800 --> 00:36:15,320
Speaker 22: dollar investment in Trump accounts. Will certainly keep you updated

689
00:36:15,400 --> 00:36:17,600
Speaker 22: on that story as we learn more big.

690
00:36:17,480 --> 00:36:18,839
Speaker 27: Announcement from the Roosevelt Room.

691
00:36:19,200 --> 00:36:23,879
Speaker 22: Meanwhile, Venezuela's president, Nicholas Maduro is facing limited options after

692
00:36:23,920 --> 00:36:26,520
Speaker 22: a phone call with President Trump on November twenty first,

693
00:36:26,880 --> 00:36:30,399
Speaker 22: where Trump declined a series of requests from the Venezuelan leader.

694
00:36:30,880 --> 00:36:34,120
Speaker 22: According to four sources briefed on the call, Maduro told

695
00:36:34,160 --> 00:36:36,600
Speaker 22: Trump he was willing to step down and leave the

696
00:36:36,680 --> 00:36:40,800
Speaker 22: country if the United States guaranteed full legal amnesty for himself,

697
00:36:40,920 --> 00:36:44,120
Speaker 22: his family, and more than one hundred Venezuelan officials currently

698
00:36:44,239 --> 00:36:48,759
Speaker 22: under US sanctions. Those officials have been sanctioned for allegations

699
00:36:48,880 --> 00:36:52,280
Speaker 22: ranging from human rights abuses to corruption and drug trafficking.

700
00:36:52,840 --> 00:36:55,560
Speaker 22: Madua also sought the end of an international criminal court

701
00:36:55,640 --> 00:36:58,719
Speaker 22: case in which he is a central figure. The Trump

702
00:36:58,719 --> 00:37:02,799
Speaker 22: administration rejected those conditions now. The call took place after

703
00:37:02,960 --> 00:37:06,919
Speaker 22: months of increased US pressure, including strikes on alleged drug

704
00:37:07,000 --> 00:37:09,680
Speaker 22: smuggling boats in the Caribbean and the designation of the

705
00:37:09,760 --> 00:37:13,120
Speaker 22: Cartel de los Soles, which US officials say includes Maduro

706
00:37:13,280 --> 00:37:17,239
Speaker 22: as a foreign terrorist organization. Maduro has denied all these

707
00:37:17,360 --> 00:37:21,080
Speaker 22: charges and is accusing the United States of seeking regime change.

708
00:37:21,520 --> 00:37:24,200
Speaker 22: Joining me to discuss this is retired Army colonel and

709
00:37:24,320 --> 00:37:28,760
Speaker 22: former Special assistant to President Trump, Colonel Derek Harvey. Colonel,

710
00:37:28,920 --> 00:37:30,800
Speaker 22: it's great to have you with us today. Now, the

711
00:37:30,920 --> 00:37:35,239
Speaker 22: main problem here is the manufacturing of drugs that are

712
00:37:35,320 --> 00:37:38,359
Speaker 22: coming from Venezuela that enter our country and endanger all

713
00:37:38,440 --> 00:37:41,200
Speaker 22: American lives. Do you agree with the course of action

714
00:37:41,520 --> 00:37:53,480
Speaker 22: that the President has proposed thus far? Okay, I think

715
00:37:53,520 --> 00:37:55,160
Speaker 22: we've got some audio issues with the.

716
00:37:55,120 --> 00:37:55,680
Speaker 27: Colonel, David.

717
00:37:55,760 --> 00:37:58,320
Speaker 22: Let's go to you then, David, you are in the Pentagon.

718
00:37:58,920 --> 00:38:01,680
Speaker 22: I know that you've been present for some press briefings

719
00:38:01,719 --> 00:38:04,200
Speaker 22: there today. Let's go to the subject of Venezuela that

720
00:38:04,239 --> 00:38:06,040
Speaker 22: I was addressing with the colonel, and hopefully.

721
00:38:05,760 --> 00:38:06,759
Speaker 27: We'll have him back in a moment.

722
00:38:07,000 --> 00:38:10,480
Speaker 22: What have you heard about Venezuela and this particular delicate

723
00:38:10,560 --> 00:38:13,280
Speaker 22: situation from the Pentagon in those press briefings today?

724
00:38:19,480 --> 00:38:22,600
Speaker 28: You got there and this won't be the last of

725
00:38:22,960 --> 00:38:27,760
Speaker 28: the boat strikes over there. And Secretary Press Secretary Kingsley

726
00:38:28,080 --> 00:38:31,760
Speaker 28: Wilson addressed it as well that these are legal strikes

727
00:38:31,760 --> 00:38:33,960
Speaker 28: and they're going to continue to do so. She covered

728
00:38:34,239 --> 00:38:38,120
Speaker 28: a number of topics here today, especially about the National

729
00:38:38,160 --> 00:38:41,160
Speaker 28: guardsmen here bo if I could just address that, you know,

730
00:38:41,520 --> 00:38:44,880
Speaker 28: twenty two hundred serving in DC right now, five hundred

731
00:38:45,400 --> 00:38:48,040
Speaker 28: more coming. And I got to ask her, ask her

732
00:38:48,160 --> 00:38:52,359
Speaker 28: the question about how many of the National guardsmen will

733
00:38:52,400 --> 00:38:55,320
Speaker 28: be armed going forward and are there any more cities

734
00:38:55,400 --> 00:38:58,680
Speaker 28: on the agenda and under Title ten under the President's

735
00:38:58,719 --> 00:39:02,120
Speaker 28: authority and also so under Title thirty two, which the

736
00:39:02,200 --> 00:39:05,040
Speaker 28: governors of each state have the right to request National

737
00:39:05,120 --> 00:39:09,799
Speaker 28: Guard And she was very clear and resolute about protecting

738
00:39:10,160 --> 00:39:13,520
Speaker 28: our National Guard troops in the streets of America here.

739
00:39:14,520 --> 00:39:18,640
Speaker 28: But it did focus on Venezuela as well, and about

740
00:39:18,680 --> 00:39:21,920
Speaker 28: the boat strikes and the legality of them. A lot

741
00:39:21,960 --> 00:39:25,399
Speaker 28: of questions here, you know, a new team here, new

742
00:39:25,760 --> 00:39:29,560
Speaker 28: media week here at the Pentagon, and questions were asked

743
00:39:29,560 --> 00:39:32,960
Speaker 28: about our involvement also in Somalia and other places here.

744
00:39:33,120 --> 00:39:36,879
Speaker 28: So a very productive day here. And you know, we're

745
00:39:36,920 --> 00:39:39,640
Speaker 28: going to meet and gaggle with Pete Hegseth tomorrow morning

746
00:39:39,960 --> 00:39:41,960
Speaker 28: at nine forty five, so I'll get to ask him

747
00:39:42,000 --> 00:39:45,160
Speaker 28: some questions there, hopefully about Venezuela and then we have

748
00:39:45,280 --> 00:39:48,160
Speaker 28: media row here tomorrow from two pm to three point

749
00:39:48,160 --> 00:39:51,520
Speaker 28: thirty where eighteen Pentagon officials will come by and we'll

750
00:39:51,560 --> 00:39:53,840
Speaker 28: get to interview many of them on camera tomorrow. So

751
00:39:53,920 --> 00:39:56,080
Speaker 28: we'll have a lot of information for you in the

752
00:39:56,160 --> 00:39:57,600
Speaker 28: audience at Real America's Voice.

753
00:39:58,680 --> 00:40:00,560
Speaker 22: Yeah, and David, I think it's so to note that

754
00:40:00,640 --> 00:40:03,120
Speaker 22: Real America's Voice does as a presence there at the Pentagon.

755
00:40:03,160 --> 00:40:05,520
Speaker 22: I think this is incredible access that we have. It's

756
00:40:05,560 --> 00:40:07,720
Speaker 22: amazing that we have you there. We have Steve Ruber,

757
00:40:07,760 --> 00:40:09,560
Speaker 22: of course I'm feeling in for today because he's with

758
00:40:09,640 --> 00:40:11,680
Speaker 22: the President, and so I'd like to turn the conversation

759
00:40:11,760 --> 00:40:13,480
Speaker 22: back to you, Colonel Harvey, and hopefully we have your

760
00:40:13,480 --> 00:40:17,120
Speaker 22: audio cleared up now, specifically regarding Venezuela that David Zeer

761
00:40:17,320 --> 00:40:19,839
Speaker 22: just referenced. Do you agree with this course of action

762
00:40:19,960 --> 00:40:22,280
Speaker 22: the President has taken us far and is it effective?

763
00:40:23,480 --> 00:40:26,480
Speaker 20: I think it's effective. It's a majored approach. It's a

764
00:40:26,560 --> 00:40:31,240
Speaker 20: diplomatic strategy as well as economic law enforcement, but also

765
00:40:31,800 --> 00:40:35,279
Speaker 20: military pressure. The force demonstration is what we would call

766
00:40:35,320 --> 00:40:37,800
Speaker 20: it in the Pentagon, and continuing to ratchet up with

767
00:40:38,000 --> 00:40:42,400
Speaker 20: US Navy forces off the coast. Pressure suggesting that there

768
00:40:42,480 --> 00:40:46,440
Speaker 20: may be air operations or land operations. You know, if

769
00:40:46,480 --> 00:40:48,760
Speaker 20: there are going to be those, they would be precise

770
00:40:48,960 --> 00:40:50,200
Speaker 20: because this president does.

771
00:40:50,120 --> 00:40:52,040
Speaker 2: Not want to get engaged in a land war.

772
00:40:52,520 --> 00:40:56,239
Speaker 20: But the key point here is it's a majored, continuous

773
00:40:56,400 --> 00:41:01,600
Speaker 20: pressure campaign to cause this regime to rethink its place.

774
00:41:01,800 --> 00:41:05,920
Speaker 20: And Maduro asking for eighteen months leeway in order to

775
00:41:06,000 --> 00:41:09,160
Speaker 20: facilitate his departure is a nogo. The president wants the

776
00:41:09,239 --> 00:41:12,000
Speaker 20: movement in the very near term, and the fact that

777
00:41:12,080 --> 00:41:14,439
Speaker 20: they're talking about that and it's shaking up the inner

778
00:41:14,520 --> 00:41:18,080
Speaker 20: circle in Venezuela is a key component. I think the

779
00:41:18,160 --> 00:41:19,360
Speaker 20: president is succeeding.

780
00:41:21,800 --> 00:41:23,360
Speaker 27: And Colonel I got to ask you this.

781
00:41:23,400 --> 00:41:25,520
Speaker 22: You know, President Trump has given Madua and ultimate him

782
00:41:25,560 --> 00:41:28,200
Speaker 22: in one which he ultimately has rejected. And now it's

783
00:41:28,239 --> 00:41:31,080
Speaker 22: been reported that Maduro's phone calls are not getting answered

784
00:41:31,080 --> 00:41:32,600
Speaker 22: at the White House. What do you make of this

785
00:41:32,719 --> 00:41:35,360
Speaker 22: and what positioning does this place Donald Trump in in

786
00:41:35,480 --> 00:41:38,359
Speaker 22: terms of what cards he may hold in moving forward

787
00:41:38,400 --> 00:41:39,400
Speaker 22: and what ultimately happens.

788
00:41:39,480 --> 00:41:43,160
Speaker 20: Do you think, Well, clearly, the President and the administration,

789
00:41:43,680 --> 00:41:46,200
Speaker 20: you know, have the dominant position here. You know, they

790
00:41:46,280 --> 00:41:48,600
Speaker 20: can shape the environment. They've got a lot more tools.

791
00:41:48,640 --> 00:41:52,480
Speaker 20: They're trying to isolate Maduro. There are strategic objectives here

792
00:41:52,600 --> 00:41:57,680
Speaker 20: besides Maduro. There's interest in economic and trade relationships. It's

793
00:41:57,840 --> 00:42:01,680
Speaker 20: interest in limiting what Madua has been doing in destabilizing

794
00:42:01,719 --> 00:42:05,800
Speaker 20: neighbors and threatening neighbors. It's going after not just the

795
00:42:05,880 --> 00:42:10,680
Speaker 20: drug trade, but the facilitation of what I would call

796
00:42:11,160 --> 00:42:15,719
Speaker 20: terrorist or you know, destabilizing forces in the neighborhood. So,

797
00:42:16,160 --> 00:42:18,359
Speaker 20: you know, there are a number of strategic objectives as

798
00:42:18,400 --> 00:42:21,879
Speaker 20: well well as localized objectives. And the president has time

799
00:42:21,960 --> 00:42:24,919
Speaker 20: on his side. He knows sometimes this takes quite a while.

800
00:42:25,239 --> 00:42:29,680
Speaker 20: He's been engaged with Ukraine and Russia for ten months now,

801
00:42:30,040 --> 00:42:33,000
Speaker 20: and the president can keep this up. He's got the

802
00:42:33,120 --> 00:42:37,200
Speaker 20: long view in mind, I think, with certain advantages that

803
00:42:37,320 --> 00:42:39,640
Speaker 20: play to our strengths, and we're not going to allow,

804
00:42:40,239 --> 00:42:44,160
Speaker 20: you know, Venezuela to try and sidestep this delay it.

805
00:42:44,640 --> 00:42:46,319
Speaker 20: That's why they're not answering the phone calls.

806
00:42:47,280 --> 00:42:49,680
Speaker 22: Yeah, it'll be interesting to see what happens. Well, Colonel

807
00:42:49,719 --> 00:42:51,759
Speaker 22: Derek Harvey, David Zeer, thank you guys so much for

808
00:42:51,920 --> 00:42:52,239
Speaker 22: joining me.

809
00:42:52,480 --> 00:42:54,480
Speaker 27: Have a blessed rest of your day. Thank you, gentlemen,

810
00:42:54,520 --> 00:42:56,600
Speaker 27: thank you, thank you well.

811
00:42:56,600 --> 00:42:59,840
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Speaker 27: Care and health.

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Speaker 22: Well, don't go anywhere America's Voice Live. We'll continue after

833
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Speaker 22: a brief commercial break. See you on the other side,

834
00:44:17,360 --> 00:44:20,279
Speaker 22: beautiful Los Angeles, California. Well, welcome back to America's Voice

835
00:44:20,320 --> 00:44:22,399
Speaker 22: Live on BO Davidson fillin in for Steve. At the moment,

836
00:44:22,719 --> 00:44:25,800
Speaker 22: we're starting December with a sharp risk off move. Crypto

837
00:44:26,160 --> 00:44:29,400
Speaker 22: in particular has taken a beating. However, gold has remained

838
00:44:29,400 --> 00:44:32,360
Speaker 22: above the four thousand dollars mark. Joining me to discuss

839
00:44:32,440 --> 00:44:35,000
Speaker 22: this is precious metal specialist from the Birch Gold Group,

840
00:44:35,080 --> 00:44:37,759
Speaker 22: our good friend Philip Patrick. Philip, it's great to see

841
00:44:37,760 --> 00:44:40,440
Speaker 22: you as always on this beautiful second day of December.

842
00:44:40,640 --> 00:44:43,120
Speaker 27: First off, Philip, what's going on with crypto right now?

843
00:44:44,040 --> 00:44:46,600
Speaker 29: Yeah, it has been an interesting couple of months, to

844
00:44:46,640 --> 00:44:49,360
Speaker 29: say the least. We've seen nearly a billion dollars in

845
00:44:49,520 --> 00:44:53,320
Speaker 29: leverage crypto bets wipe down in twenty four hours. We

846
00:44:53,400 --> 00:44:56,279
Speaker 29: saw a small recovery today, but that was on top

847
00:44:56,320 --> 00:45:02,120
Speaker 29: of nineteen billion dollar liquidation castade that early October. Bitcoin

848
00:45:02,200 --> 00:45:05,080
Speaker 29: at the moment is down almost ten percent year to date.

849
00:45:05,520 --> 00:45:08,279
Speaker 29: The lower tier old coins, the bottom half of the

850
00:45:08,400 --> 00:45:11,880
Speaker 29: top one hundred, They're down roughly seventy percent for the

851
00:45:11,960 --> 00:45:15,200
Speaker 29: year so far. In my mind, this isn't a random

852
00:45:15,400 --> 00:45:19,480
Speaker 29: sell off. This is the unwinding of hidden leverage that's

853
00:45:19,560 --> 00:45:22,879
Speaker 29: built up when everything was rallying and doing very well.

854
00:45:22,960 --> 00:45:25,640
Speaker 29: And I think traders are finally admitting that they don't

855
00:45:25,719 --> 00:45:29,000
Speaker 29: know how much leverage is really in the financial system

856
00:45:29,320 --> 00:45:33,480
Speaker 29: because exchangers don't disclose this data. What we do know, though,

857
00:45:33,719 --> 00:45:37,200
Speaker 29: is about four point six billion dollars has been abandoned

858
00:45:37,719 --> 00:45:39,680
Speaker 29: from the bitcoin market over the last.

859
00:45:39,480 --> 00:45:40,000
Speaker 15: Week or so.

860
00:45:40,920 --> 00:45:45,440
Speaker 29: Put it simply, when liquidity titens, the most speculative assets

861
00:45:45,520 --> 00:45:47,759
Speaker 29: full first. So I think what we're seeing in the

862
00:45:47,800 --> 00:45:50,719
Speaker 29: crypto markets could be the canary in the coal mine

863
00:45:50,760 --> 00:45:51,880
Speaker 29: for the broader economy.

864
00:45:53,040 --> 00:45:55,400
Speaker 22: Philip, you know President Trump has said he's chosen his

865
00:45:55,560 --> 00:45:56,399
Speaker 22: next bed chair.

866
00:45:56,640 --> 00:45:58,640
Speaker 27: How does that change the situation currently?

867
00:46:00,640 --> 00:46:04,759
Speaker 29: Normally a new fed chair is sort of glossed over

868
00:46:04,920 --> 00:46:08,000
Speaker 29: by financial markets, but today I think it's much more

869
00:46:08,040 --> 00:46:11,840
Speaker 29: important than it would be. Interest costs on the national

870
00:46:11,960 --> 00:46:14,040
Speaker 29: debt are over two trillion dollars a year, so the

871
00:46:14,120 --> 00:46:18,600
Speaker 29: states are very very high. The President clearly understands this,

872
00:46:19,040 --> 00:46:21,960
Speaker 29: and that's why I think this appointment matters so much,

873
00:46:22,080 --> 00:46:25,440
Speaker 29: we'll off next FED chair support lower interest rates to

874
00:46:25,960 --> 00:46:27,000
Speaker 29: relieve the debt burden.

875
00:46:27,280 --> 00:46:27,880
Speaker 26: Are they going to.

876
00:46:27,880 --> 00:46:31,719
Speaker 29: Prioritize inflation control and raise rates at the cost of

877
00:46:31,800 --> 00:46:34,799
Speaker 29: slowing the economy. Investors at the moment are trading off

878
00:46:34,880 --> 00:46:39,200
Speaker 29: two realities. They know that Washington cannot afford higher rates,

879
00:46:39,840 --> 00:46:42,680
Speaker 29: but at the same time, the Fed can't really justify

880
00:46:42,920 --> 00:46:47,359
Speaker 29: very big rate cuts without risking another inflation flare up.

881
00:46:47,440 --> 00:46:50,360
Speaker 29: So I think until we have clarity and the policy

882
00:46:50,440 --> 00:46:53,239
Speaker 29: direction becomes clear, I expect to see a little bit

883
00:46:53,320 --> 00:46:56,360
Speaker 29: more volatility in every corner of the financial.

884
00:46:56,000 --> 00:47:00,200
Speaker 22: Sector until finally, just to touch on the announcement was

885
00:47:00,239 --> 00:47:02,880
Speaker 22: made right before we came on air, which is regarded

886
00:47:02,920 --> 00:47:06,000
Speaker 22: the Trump accounts and Michael Dell's huge investment. I believe

887
00:47:06,000 --> 00:47:07,960
Speaker 22: it's six point twenty five billion dollars, which will be

888
00:47:07,960 --> 00:47:10,640
Speaker 22: two hundred and fifty dollars to twenty five million kids

889
00:47:10,840 --> 00:47:12,960
Speaker 22: who are in kind of lower income areas. This is

890
00:47:13,000 --> 00:47:16,000
Speaker 22: a huge private investment from a very well known wealthy man.

891
00:47:16,400 --> 00:47:18,640
Speaker 22: Do you think we're going to see more private investment

892
00:47:18,880 --> 00:47:21,440
Speaker 22: like this? And is this a really good sign of

893
00:47:21,520 --> 00:47:24,600
Speaker 22: things to come during this administration? For the future of

894
00:47:24,719 --> 00:47:28,000
Speaker 22: children learning the concept of compound interest and what that

895
00:47:28,160 --> 00:47:30,040
Speaker 22: can do for them in terms of what they say

896
00:47:30,160 --> 00:47:32,000
Speaker 22: is educating a new generation of capitalists.

897
00:47:32,960 --> 00:47:35,760
Speaker 29: The answer is absolutely yes, and this is just another

898
00:47:35,880 --> 00:47:39,960
Speaker 29: sign of how President Trump has attracted a ton of investment.

899
00:47:40,440 --> 00:47:44,520
Speaker 29: This specifically, though, six point four billion dollars for America's

900
00:47:44,640 --> 00:47:49,520
Speaker 29: children is absolutely massive. They will learn the power of

901
00:47:49,600 --> 00:47:53,280
Speaker 29: compounded interest. As you say, two hundred and fifty dollars

902
00:47:53,360 --> 00:47:57,320
Speaker 29: over an eighteen year period will be tens of thousands

903
00:47:57,400 --> 00:48:00,239
Speaker 29: of dollars, and it could give these kids this art

904
00:48:00,320 --> 00:48:03,120
Speaker 29: that they need. As we know it's become much more

905
00:48:03,160 --> 00:48:06,759
Speaker 29: difficult for middle class and working class Americans to just

906
00:48:06,960 --> 00:48:10,239
Speaker 29: make ends meet. To give children a leg up in

907
00:48:10,360 --> 00:48:13,160
Speaker 29: this climate, I think is huge, and like I said,

908
00:48:13,400 --> 00:48:16,400
Speaker 29: it's just the sign of how President Trump does business.

909
00:48:16,840 --> 00:48:20,680
Speaker 29: Really encouraging and obviously kudos to Michael Dell and his wife.

910
00:48:21,120 --> 00:48:25,520
Speaker 29: It's a huge charitable donation and it's the most important

911
00:48:25,560 --> 00:48:26,360
Speaker 29: thing our children.

912
00:48:26,400 --> 00:48:27,240
Speaker 27: I mean, it's incredible.

913
00:48:28,120 --> 00:48:29,600
Speaker 22: Yeah, And I think one thing that's so cool about it,

914
00:48:29,640 --> 00:48:31,520
Speaker 22: Philip is I have a very young child, he's under two,

915
00:48:31,640 --> 00:48:34,440
Speaker 22: and just the concept of investing in the notion of family,

916
00:48:34,520 --> 00:48:36,959
Speaker 22: the nuclear family unit is something we haven't heard about

917
00:48:36,960 --> 00:48:37,640
Speaker 22: in a long time.

918
00:48:37,880 --> 00:48:39,799
Speaker 27: The incentive is now is for the family. I think

919
00:48:39,840 --> 00:48:41,200
Speaker 27: that that's a really great thing that he's doing well.

920
00:48:41,200 --> 00:48:42,960
Speaker 22: Philip Patrick, it's always great to see you. Thank you

921
00:48:43,040 --> 00:48:45,160
Speaker 22: so much, sir, and have a blessed day you too.

922
00:48:45,320 --> 00:48:48,320
Speaker 22: Thank you, And if you want to learn more about Gold,

923
00:48:48,400 --> 00:48:50,680
Speaker 22: then text the word America to the number ninety eight

924
00:48:50,840 --> 00:48:53,320
Speaker 22: ninety eight ninety eight and claim your free infoKit on

925
00:48:53,440 --> 00:48:55,720
Speaker 22: Gold Now again one more time. That's the word America.

926
00:48:55,760 --> 00:48:57,960
Speaker 22: You need to text to the number ninety eight ninety

927
00:48:58,000 --> 00:48:58,920
Speaker 22: eight ninety eight.

928
00:48:59,239 --> 00:48:59,960
Speaker 27: Well, don't go anywhere.

929
00:49:00,000 --> 00:49:03,920
Speaker 22: America's Voice Live will continue after brief commercial break. Christeve

930
00:49:04,000 --> 00:49:05,880
Speaker 22: Riber will tell you about the announcement just made by

931
00:49:05,920 --> 00:49:06,520
Speaker 22: President Trump.

932
00:49:09,400 --> 00:49:18,520
Speaker 23: Norm welcome Back's Voice Live now on the north lawn

933
00:49:18,600 --> 00:49:20,040
Speaker 23: of the White House. I want to say thank you

934
00:49:20,120 --> 00:49:22,680
Speaker 23: to Bo Davidson doing a remarkable job penshiating.

935
00:49:22,760 --> 00:49:24,560
Speaker 26: I was busy for a few minutes. You might have

936
00:49:24,640 --> 00:49:26,440
Speaker 26: seen or heard as.

937
00:49:26,239 --> 00:49:28,200
Speaker 23: In with the President as they announced a six point

938
00:49:28,280 --> 00:49:32,200
Speaker 23: twenty five billion dollar investment in our children's future coming

939
00:49:32,200 --> 00:49:35,040
Speaker 23: from Michael Dell and his wife, a remarkable investment two

940
00:49:35,120 --> 00:49:37,239
Speaker 23: hundred and fifty million children will get two hundred and

941
00:49:37,239 --> 00:49:39,040
Speaker 23: fifty dollars if they're under the age of ten and

942
00:49:39,080 --> 00:49:43,320
Speaker 23: living in certain zip codes that have a median income

943
00:49:43,320 --> 00:49:45,080
Speaker 23: of less than one hundred and fifty thousand dollars. It's

944
00:49:45,120 --> 00:49:47,279
Speaker 23: the latest way that Trump administration is trying to invest

945
00:49:47,320 --> 00:49:48,120
Speaker 23: in America's children.

946
00:49:48,120 --> 00:49:49,759
Speaker 26: You know already from the Big Beautiful Bill.

947
00:49:50,400 --> 00:49:52,880
Speaker 23: Children to and under get one thousand dollars in their

948
00:49:52,920 --> 00:49:55,560
Speaker 23: account to start life, and then two hundred and fifty

949
00:49:55,600 --> 00:49:57,600
Speaker 23: dollars for kids that are under ten. This is a

950
00:49:57,760 --> 00:50:02,239
Speaker 23: really game changing announcement because they leave other wealthy entrepreneurs

951
00:50:02,239 --> 00:50:04,440
Speaker 23: and people that have found their American dream are going

952
00:50:04,480 --> 00:50:05,320
Speaker 23: to share the wealth.

953
00:50:05,640 --> 00:50:06,719
Speaker 26: And that's big news.

954
00:50:06,840 --> 00:50:09,520
Speaker 23: Look, compounding interest at two hundred and fifty dollars, you

955
00:50:09,600 --> 00:50:12,040
Speaker 23: heard Ted Cruz do the numbers. If they hold that

956
00:50:12,080 --> 00:50:15,240
Speaker 23: money until they're thirty five, it's seven hundred thousand dollars.

957
00:50:15,520 --> 00:50:18,080
Speaker 23: Because you can invest up to five thousand dollars a year.

958
00:50:18,280 --> 00:50:19,960
Speaker 23: It could be an uncle, could be an aunt, it

959
00:50:20,000 --> 00:50:22,560
Speaker 23: could be a philanthropic group, it could be all sorts

960
00:50:22,600 --> 00:50:24,800
Speaker 23: of people. What a remarkable way to invest in America.

961
00:50:25,280 --> 00:50:26,719
Speaker 23: And it comes at a time and I talked to

962
00:50:26,760 --> 00:50:28,640
Speaker 23: the President about this while we were in there. It

963
00:50:28,719 --> 00:50:30,400
Speaker 23: comes at a time when we just saw a record

964
00:50:30,480 --> 00:50:34,480
Speaker 23: setting Black Friday, almost thirty billion dollars spent on Black Friday.

965
00:50:34,600 --> 00:50:37,880
Speaker 23: Remarkable online five point one million dollars a minute was

966
00:50:37,880 --> 00:50:40,239
Speaker 23: being spent on Black Friday, not by me, but by

967
00:50:40,320 --> 00:50:43,520
Speaker 23: people in general. And that's a four point one percent

968
00:50:43,560 --> 00:50:45,439
Speaker 23: increase over last year. See you hear all this doom

969
00:50:45,480 --> 00:50:47,440
Speaker 23: and gloom, but the fact of the matter is the

970
00:50:47,520 --> 00:50:53,560
Speaker 23: economy is doing well. Inflation below three percent adjusted for inflation,

971
00:50:53,680 --> 00:50:55,799
Speaker 23: gasolines that are about the cheapest it's ever been. It's

972
00:50:55,840 --> 00:50:59,120
Speaker 23: below three dollars now for a national average, a number

973
00:50:59,160 --> 00:51:01,400
Speaker 23: of states under two dollar and fifty cents. And if

974
00:51:01,440 --> 00:51:05,320
Speaker 23: it continues on this trend, we could see gasoline below

975
00:51:05,440 --> 00:51:08,799
Speaker 23: two dollars. Wouldn't that be something? Right now, there are

976
00:51:08,880 --> 00:51:11,200
Speaker 23: gas stations I'm told that have already reached that mile

977
00:51:11,280 --> 00:51:14,480
Speaker 23: so of a dollar ninety nine. That helps out the economy,

978
00:51:14,640 --> 00:51:16,960
Speaker 23: that helps out inflation, that helps out the average American.

979
00:51:17,040 --> 00:51:19,000
Speaker 26: So you do that with the backdrop of investing in

980
00:51:19,080 --> 00:51:20,399
Speaker 26: the nation's children.

981
00:51:20,480 --> 00:51:24,840
Speaker 23: Teaching them the value of capitalism, of supply and demand,

982
00:51:25,000 --> 00:51:28,680
Speaker 23: and they also talk about economic literacy That's something I've

983
00:51:28,719 --> 00:51:31,520
Speaker 23: talked about for years. Economic literacy. People don't have it

984
00:51:31,560 --> 00:51:34,320
Speaker 23: in this country. People don't know anything about money, and

985
00:51:34,440 --> 00:51:37,080
Speaker 23: it's sad. We should teach kids about money in elementary school,

986
00:51:37,680 --> 00:51:39,759
Speaker 23: in middle school and high school and beyond, because that

987
00:51:39,880 --> 00:51:42,520
Speaker 23: way people understand how you can invest in your future

988
00:51:42,880 --> 00:51:45,400
Speaker 23: and not be relying on, say, a government paycheck.

989
00:51:45,480 --> 00:51:47,640
Speaker 26: And so it was a really powerful moment in there.

990
00:51:48,200 --> 00:51:50,920
Speaker 23: Remarkable that Michael Dell and his wife were able to

991
00:51:50,960 --> 00:51:55,160
Speaker 23: give six point two five billion dollars to the nation's children.

992
00:51:55,320 --> 00:51:57,480
Speaker 23: I frankly was honored to be in there in the

993
00:51:57,560 --> 00:52:00,879
Speaker 23: Roosevelt Room with the President and his team, including people

994
00:52:00,960 --> 00:52:03,040
Speaker 23: like Ted Cruz and Speaker Mike Johnson and all the

995
00:52:03,080 --> 00:52:05,520
Speaker 23: rest made this possible to get to this point.

996
00:52:06,040 --> 00:52:07,319
Speaker 26: So pretty good day here.

997
00:52:07,440 --> 00:52:09,120
Speaker 23: It's cold on the north lawn, but I'm sure that

998
00:52:09,480 --> 00:52:11,279
Speaker 23: Bowling will come in and warm things up for us.

999
00:52:11,400 --> 00:52:13,360
Speaker 23: Eric Bowling standing by in a place that's not this

1000
00:52:13,560 --> 00:52:15,680
Speaker 23: cold because Bowling is afraid.

1001
00:52:15,320 --> 00:52:16,440
Speaker 26: Of snow, my understanding.

1002
00:52:16,560 --> 00:52:16,680
Speaker 21: Eric.

1003
00:52:16,719 --> 00:52:19,000
Speaker 26: How are you sweating here?

1004
00:52:19,080 --> 00:52:19,360
Speaker 4: Steve?

1005
00:52:19,360 --> 00:52:21,399
Speaker 21: It's a little warm down here in West Palm Beach

1006
00:52:22,200 --> 00:52:25,080
Speaker 21: about seventy eight degrees and the humidity is pumping up.

1007
00:52:25,120 --> 00:52:27,279
Speaker 21: I I you know, I could use a little chill

1008
00:52:27,360 --> 00:52:31,840
Speaker 21: in the air. It looks looks like, sorry, now we're.

1009
00:52:31,280 --> 00:52:33,839
Speaker 27: Doing really well. And guess what else is doing really well?

1010
00:52:34,920 --> 00:52:38,560
Speaker 27: Stock market? Crypto goal he's doing.

1011
00:52:38,719 --> 00:52:40,320
Speaker 21: You know, it's just a it's just a you know,

1012
00:52:40,440 --> 00:52:42,759
Speaker 21: it's it's going into the last month of the year,

1013
00:52:42,840 --> 00:52:46,920
Speaker 21: and typically it's a very very strong markets going into

1014
00:52:46,920 --> 00:52:49,279
Speaker 21: the year. And it's the reason why this matters, you know, Steve,

1015
00:52:49,280 --> 00:52:52,040
Speaker 21: When I first came here, I started doing the market

1016
00:52:52,080 --> 00:52:54,480
Speaker 21: wrap at four o'clock. You know, market's closed at four o'clock.

1017
00:52:54,920 --> 00:52:56,560
Speaker 4: And sure people for the.

1018
00:52:57,120 --> 00:52:59,880
Speaker 21: Typical REV viewer was like, oh, Bowling, why you do

1019
00:53:00,160 --> 00:53:03,120
Speaker 21: this year stock? We don't like stock. It's not about that.

1020
00:53:03,600 --> 00:53:07,120
Speaker 21: It's about the markets doing well going into midterm elections,

1021
00:53:07,360 --> 00:53:10,520
Speaker 21: any election, any election, you right, You remember how bad

1022
00:53:10,600 --> 00:53:13,839
Speaker 21: things were under Joe Biden and Bidenomics, Well we use

1023
00:53:13,920 --> 00:53:14,640
Speaker 21: that against them.

1024
00:53:14,920 --> 00:53:17,319
Speaker 26: Guess what if things got bad, they would use.

1025
00:53:17,239 --> 00:53:21,279
Speaker 21: It against Trump, against Republicans, Trump policies, they would you know,

1026
00:53:21,400 --> 00:53:22,760
Speaker 21: trump Anomics or whatever.

1027
00:53:23,120 --> 00:53:24,880
Speaker 4: But they're good and we take that.

1028
00:53:25,000 --> 00:53:25,799
Speaker 26: Ball away from them.

1029
00:53:25,840 --> 00:53:26,879
Speaker 2: And that is the whole point.

1030
00:53:26,960 --> 00:53:30,200
Speaker 21: That's why we talk, you know, in glowing terms when

1031
00:53:30,239 --> 00:53:32,360
Speaker 21: things do well, not because I'm I'm a you know,

1032
00:53:32,640 --> 00:53:34,560
Speaker 21: fat cat Wall Street.

1033
00:53:34,360 --> 00:53:35,840
Speaker 26: Gets now, it's nothing to do with that.

1034
00:53:36,320 --> 00:53:39,400
Speaker 21: Good good things come from good markets. People can borrow,

1035
00:53:39,600 --> 00:53:42,120
Speaker 21: people can start business. Wait, that's why these things are

1036
00:53:42,120 --> 00:53:43,000
Speaker 21: all all good news.

1037
00:53:43,080 --> 00:53:47,600
Speaker 23: Yeah, yeah, I cannot wait to hear how the Democrats

1038
00:53:47,680 --> 00:53:50,359
Speaker 23: and those on the left attack these Trump accounts giving

1039
00:53:50,520 --> 00:53:53,279
Speaker 23: children ten and under two hundred and fifty dollars if

1040
00:53:53,280 --> 00:53:54,439
Speaker 23: they live in certain zip codes.

1041
00:53:54,680 --> 00:53:57,160
Speaker 26: It's not by race, it's not by creed, it's not

1042
00:53:57,239 --> 00:53:57,600
Speaker 26: by colors.

1043
00:53:57,640 --> 00:53:59,120
Speaker 23: By if you're in a zip code, well, the median

1044
00:53:59,160 --> 00:54:01,560
Speaker 23: income is one hundred and fifty thousand dollars or less.

1045
00:54:01,800 --> 00:54:03,719
Speaker 26: We're gonna give kids ten huntree hundred fifty bucks.

1046
00:54:03,760 --> 00:54:06,040
Speaker 23: And that goes with one thousand dollars that those up

1047
00:54:06,120 --> 00:54:08,520
Speaker 23: to two years of age get starting next year as well.

1048
00:54:08,560 --> 00:54:10,680
Speaker 23: This is a big deal compound interest. I know you

1049
00:54:10,840 --> 00:54:14,719
Speaker 23: understand that. But again, economic literacy is lacking in America,

1050
00:54:15,360 --> 00:54:18,880
Speaker 23: and it's really important that we educate young people about economics.

1051
00:54:19,120 --> 00:54:20,600
Speaker 26: And this is gonna be a big deal. Like he said,

1052
00:54:20,600 --> 00:54:21,680
Speaker 26: it's gonna be a game changer.

1053
00:54:22,360 --> 00:54:23,520
Speaker 2: I will tell you one quick story.

1054
00:54:23,560 --> 00:54:26,360
Speaker 21: We have about thirty seconds before the turnover true story.

1055
00:54:26,520 --> 00:54:30,239
Speaker 21: First term Trump. You know this EBT system, you know

1056
00:54:30,640 --> 00:54:32,799
Speaker 21: is flawed. I said, Trump, why didn't you go in there,

1057
00:54:32,960 --> 00:54:35,520
Speaker 21: clean this thing up and give out these don't call

1058
00:54:35,560 --> 00:54:39,960
Speaker 21: them EBT cards or foodst call them Trump cards. Call

1059
00:54:40,040 --> 00:54:44,239
Speaker 21: it a Trump card, and they'll realize that you're providing

1060
00:54:44,360 --> 00:54:48,880
Speaker 21: these folks, these underprivileged or people on hard times, access

1061
00:54:48,920 --> 00:54:49,680
Speaker 21: to food and things.

1062
00:54:49,800 --> 00:54:49,920
Speaker 1: Right.

1063
00:54:50,200 --> 00:54:52,839
Speaker 21: And I just love this idea so much. It didn't

1064
00:54:52,880 --> 00:54:54,279
Speaker 21: really fly, but yeah, I got a lot of these

1065
00:54:54,320 --> 00:54:55,040
Speaker 21: hair brain ideas.