Scott Bessent

Well, I think what gives me a lot of confidence is the relationship between President Trump and Chairman Xi. Yes. That when you have a direct line of communication at the very top, then I think it's very difficult for things to go haywire. Interesting. What about the rest of the world? What about Europe?

Look, the Europeans, we look back and there was the famous meeting where President Trump told the Europeans, you're insane for building Nord Stream 2. What are you doing? You already get most of your energy from Russia and you're going to double down on it? And they did. And look what happened. We blew it up. Somebody did. Somebody did. Probably Putin.

Look, the Europeans, we look back and there was the famous meeting where President Trump told the Europeans, you're insane for building Nord Stream 2. What are you doing? You already get most of your energy from Russia and you're going to double down on it? And they did. And look what happened. We blew it up. Somebody did. Somebody did. Probably Putin.

Look, the Europeans, we look back and there was the famous meeting where President Trump told the Europeans, you're insane for building Nord Stream 2. What are you doing? You already get most of your energy from Russia and you're going to double down on it? And they did. And look what happened. We blew it up. Somebody did. Somebody did. Probably Putin.

Some Norwegian fisherman bumped into it is what I read. But look, the Europeans go kicking and screaming. But I think they're going to have to rebalance too. Germany has a very imbalanced export economy and they were on the verge of de-industrialization. They were the opposite of us. They had expensive energy. Yes.

Some Norwegian fisherman bumped into it is what I read. But look, the Europeans go kicking and screaming. But I think they're going to have to rebalance too. Germany has a very imbalanced export economy and they were on the verge of de-industrialization. They were the opposite of us. They had expensive energy. Yes.

Some Norwegian fisherman bumped into it is what I read. But look, the Europeans go kicking and screaming. But I think they're going to have to rebalance too. Germany has a very imbalanced export economy and they were on the verge of de-industrialization. They were the opposite of us. They had expensive energy. Yes.

They were depending on Italy and the countries in the south to keep the Euro suppressed. And they were selling into China. And now China is becoming their competitor.

They were depending on Italy and the countries in the south to keep the Euro suppressed. And they were selling into China. And now China is becoming their competitor.

They were depending on Italy and the countries in the south to keep the Euro suppressed. And they were selling into China. And now China is becoming their competitor.

They were, only difference now is,

They were, only difference now is,

They were, only difference now is,

there there was a lot of competition back then but there's a level of civility yeah and the the real danger here and if there were a midterm loss and i don't think there has to be you know what's going to happen i know what's going to happen democratic house is going to go immediately to impeachment for something of course right like the law fair is going to start again

there there was a lot of competition back then but there's a level of civility yeah and the the real danger here and if there were a midterm loss and i don't think there has to be you know what's going to happen i know what's going to happen democratic house is going to go immediately to impeachment for something of course right like the law fair is going to start again

there there was a lot of competition back then but there's a level of civility yeah and the the real danger here and if there were a midterm loss and i don't think there has to be you know what's going to happen i know what's going to happen democratic house is going to go immediately to impeachment for something of course right like the law fair is going to start again

I believe that it's going to work. And I know that what we were doing wasn't working. Yes. So I think we have to try this and I have a high competence ratio. It's going to work. And I have a very high confidence ratio. The good news is we have President Trump's previous term when everyone said none of this was going to work. Oh, the China tariffs are going to do this.

I believe that it's going to work. And I know that what we were doing wasn't working. Yes. So I think we have to try this and I have a high competence ratio. It's going to work. And I have a very high confidence ratio. The good news is we have President Trump's previous term when everyone said none of this was going to work. Oh, the China tariffs are going to do this.

I believe that it's going to work. And I know that what we were doing wasn't working. Yes. So I think we have to try this and I have a high competence ratio. It's going to work. And I have a very high confidence ratio. The good news is we have President Trump's previous term when everyone said none of this was going to work. Oh, the China tariffs are going to do this.

They're going to cause inflation. They didn't. This is going to happen to working class. It's going to be bad for working class Americans. Well, guess what? Working class Americans that. Hourly workers did better than supervisory workers. The bottom 50% of households, their net worth increased faster than the top 10% of households.