Doug Burgum

When you talk about the policies for your business, we're talking about cutting taxes, massively cutting regulations, record investment, incomes are up, inflation is down.

interest rates are down, and affordability of housing is becoming more affordable.

I mean, this is President Trump's right.

We are entering a new golden age of abundance.

This first year was an amazing 180-degree turnaround.

The next year going forward could be nothing short of an economic miracle.

Thank you for being here.

If you've got massive radar interference just off our huge population centers, if you wanted to attack America, you would launch autonomous drones through those things, or you'd launch autonomous submarines because of the sonar interference.

And so we just have to wake up.

Warfare has changed in the last four years, and we have to be ready to respond to it.

Well, it's absolutely a comparison.

The Strategic Petroleum Reserve has created a great buffer on price shocks for American consumers for decades and decades.

We have no equivalent on critical minerals.

There are 60 minerals on the critical minerals list.

Some of those are rare earth elements.

China, as you know, Jonathan, controls about 85% to 100% of the processing and refining on about 20 of those.

enough to put a stranglehold on global industry, whether it's tech, high tech, whether it's defense, whether it's consumer.

And so with the threats last year put out by China on export controls, the US leapt into action.

We're broadly bringing mining back in America, but this idea of creating a strategic critical minerals reserve across 60 different elements, driven by the private sector, great leadership across the board of multiple cabinet secretaries in the Trump administration, working with the Ex-Im Bank, working with the private sector, about $10 billion in a loan, about $2 billion in equity capital going in.

This is going to be private sector funded, market driven.