Scott Bessent

We do not want a failed state.

Sorry, it's not a bailout at all.

There's no money.

uh being being transferred the esf has never lost money it's not going to lose money here i i've been doing i was in the investment business mostly currencies for 40 years you're supposed to buy low sell high and the argentine peso is undervalued we're going to have an election in argentina

The 26th of this month, we think President Mele will do quite well.

And he is putting the Peronist path behind them.

Secretary Besson, it's wonderful to see you.

Before we maybe deep dive into AI, do you want to give us the high level update on the 333 plan?

How are things going?

You had an incredible clip, by the way, with Maria Bartiromo, where you talked about some of the things that were happening economically.

Maybe just level set everybody on what's going on.

There's been a lot of talk today about the amount of CapEx spending that needs to go into AI and all of the jobs that it creates.

And you posted as well, actually, a couple days ago, and you talked about that there's just been an inflection point that you've seen in CapEx spending sort of as a steward of the US economy.

Can you tell us about what's happening?

And it's an incredible thing because it's sort of, you mentioned, alluded to this a little bit earlier, but it does violate a lot of economic theory in the sense that it just hasn't had the negative pernicious effects.

Do you think it's that, is that a yet thing?

Or do you think that we're in a structurally different kind of economy now?

Yeah.

Right.

Last question, maybe as we wrap this up.