00:00Very nice, very patriotic. We're doing well, and as a country, if the Fed would ever lower rates, you know, would buy debt for a lot less.
00:08It's a shame. This guy, I have a guy, do you ever have a guy that's not a smart person and you're dealing with him and you have to deal, he's not a smart guy.
00:14He's worried about inflation. I said, that's right. If there's inflation in six months or nine months, you lower the rates or you raise the rates.
00:20You can do whatever you want, Brian, right? So let's say there's rampant inflation, which there's none.
00:26You know what? There is a success. I got a call from Congress last night, sir, there's a problem.
00:31I said, what is it? Money is pouring in. We don't know how to account for it.
00:36I said, check the tariffs. $88 billion came in from tariffs, no inflation, and it's going to get even more so.
00:43I know what I'm doing. So we have a stupid person, frankly, at the Fed. He probably won't cut today.
00:50Europe had 10 cuts and we had none. And I guess he's a political guy. I don't know.
00:56He's a political guy who's not a smart person, but he's costing the country a fortune.
01:01So what I'm going to do is, you know, he gets out in about nine months. He has to, he gets fortunately terminated.
01:08Biden, I would have never reappointed him. Biden reappointed him. I don't know why that is, but I guess maybe he was a Democrat.
01:13You know, I got great advice from Mnuchin on this one. Great advice. But he's done a poor job.
01:21So we have no inflation. We have only success. And I'd like to see interest rates get down.
01:26Now, Biden did a lot of very short-term debt. So we have short-term debt coming down.
01:31And because of this guy's rates, you know, if he'd lowered a point, I'd pay about a point less than if it lowered two points, I'd pay about two points less.
01:41And that's for 10 years, 12 years, 15 years, five years. It's hundreds of billions.
01:48It's even trillions of dollars that we're going to lose because of this too late.
01:53I call him too late, pal, because he's always too late. I mean, if you look at him, every time I did this, I was right 100 percent.
01:59He was wrong. Maybe I should go to the Fed. Am I allowed to point myself, Doug? I don't know.
02:05Am I allowed to point myself at the Fed? I'd do a much better job than these people.
02:09So anyway, we should be two points lower. It'd be nice to be two and a half points lower.
02:13We'd be saving $800 billion, $700 billion. That's a lot of money.
02:20Thank you. For nothing. For absolutely nothing.
02:22We'd save $600, $700, $800 billion.
02:27We have, I think we're 38th now in interest, and we should be number one.
02:32We should be the lowest.
02:33And by the way, if he's worried about inflation, that's okay. I understand that.
02:38I don't think there's going to be any. So far, there hasn't.
02:41I mean, we have almost no inflation. We've done a great job.
02:44When I came in, we had a lot of inflation.
02:46We went through four years of the highest inflation in the history of our country with Sleepy Joe Biden and Sleepy Joe.
02:56And he didn't know what the hell he was doing.
02:58And so we had the highest inflation we've ever had in the history of our country.
03:04And then it came down because when I got elected, it started dropping because people understood that I knew what I was doing.
03:09But now we have a man that just refuses to lower the Fed rate, just refuses to do it.
03:16And he's not a smart person. I don't even think he's that political.
03:19I think he hates me, but that's okay. You know, he should. He should.
03:23I call him every name in the book, trying to get him to do something.
03:25I've been nice to him. I do it always. I don't know how to sell.
03:28I've been so nice to him, fellas. You wouldn't believe it.
03:31Let's have dinner. Too late. I'd call him too late.
03:34Come on, too late. Let's have dinner.
03:36I do it every way in the book. I'm nasty. I'm nice.
03:38Nothing works. He's like just a stupid person.
03:43But I don't expect anything. Maybe he does a little bit.
03:46But we should be two and a half points.
03:48Remember, Europe had ten cuts. We had none.
03:52We're paying more rate, more interest than a lot of European nations that can't carry our suitcase.
04:00I'm going to be nice. It's another expression.
04:02You know what the other expression can't carry or you know what it is.
04:05But I shouldn't use it in front of the fake news.
04:07So it's very sad to see it.
04:09And what I'm going to do is I'm going to go very short term, like six months, seven months, eight months.
04:14Wait till this guy gets out.
04:16Get the rates way down and then go long term.
04:19Because we have a tremendous appetite for our debt.
04:23Because our country is doing well.
04:24But think of it.
04:25I got a call from Congress three nights ago.
04:27Sir, we can't account for the money coming in.
04:30I said, that's a good problem.
04:32You know, the bad problem is we don't have any money.
04:34They can't account.
04:35There's so much more money than we thought is coming into the Treasury.
04:39We don't know where it's coming from, sir.
04:41I said, check out the tariffs.
04:43He calls back about a day later.
04:45Wow.
04:47I think you were right.
04:48Yeah, I was right.
04:49That's nothing.
04:49You haven't seen anything yet.
04:50More importantly than the money coming in, we have factories being built.
04:54AI, auto factories.
04:56Two of them stopped yesterday in Mexico, you read.
05:00And they're coming here because they don't want to pay the tariffs.
05:03They can't pay the tariffs.
05:04It doesn't work.
05:05So I just want to wish you a lot of luck with the new flagpole.
05:10We have two of them.
05:11And we're going to do this one now.
05:12Then we're going to do the other one.
05:1311 o'clock or so, we're going to have a flag raising, which would be great.
05:17And I got to get these guys.
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