Scott Bessent

. . . . . ., en P. P. P. P. P. P. P. P. P,實 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , a in that some of the other things they do, regulation, they got into DEI, they got into climate, I actually think that that impinges on their monetary policy and makes them vulnerable.

So I think that they should focus on monetary policy, doing the best that they can for the American economy, the American people, keeping inflation low, and then the rest, there are a lot of other banking agencies too. So the Fed controls the weather now too? What were they doing with climate?

So I think that they should focus on monetary policy, doing the best that they can for the American economy, the American people, keeping inflation low, and then the rest, there are a lot of other banking agencies too. So the Fed controls the weather now too? What were they doing with climate?

So I think that they should focus on monetary policy, doing the best that they can for the American economy, the American people, keeping inflation low, and then the rest, there are a lot of other banking agencies too. So the Fed controls the weather now too? What were they doing with climate?

Well, I will tell you, there's something that the Treasury Secretary chairs something called the Financial Stability Oversight Council, and it's all the financial regulators. And I think it was two weeks before Silicon Valley Bank went under, FSOC issued a report and guess what they said the biggest risk to the financial system was? Climate. Really?

Well, I will tell you, there's something that the Treasury Secretary chairs something called the Financial Stability Oversight Council, and it's all the financial regulators. And I think it was two weeks before Silicon Valley Bank went under, FSOC issued a report and guess what they said the biggest risk to the financial system was? Climate. Really?

Well, I will tell you, there's something that the Treasury Secretary chairs something called the Financial Stability Oversight Council, and it's all the financial regulators. And I think it was two weeks before Silicon Valley Bank went under, FSOC issued a report and guess what they said the biggest risk to the financial system was? Climate. Really?

Not that there was a large bank in California that was having a slow motion run on its assets and that it would cause another bank failure than another bank failure. It was climate. So as far as I can see, climate's been pretty good. They failed. The regulators failed. And I think that's what people are getting sick of.

Not that there was a large bank in California that was having a slow motion run on its assets and that it would cause another bank failure than another bank failure. It was climate. So as far as I can see, climate's been pretty good. They failed. The regulators failed. And I think that's what people are getting sick of.

Not that there was a large bank in California that was having a slow motion run on its assets and that it would cause another bank failure than another bank failure. It was climate. So as far as I can see, climate's been pretty good. They failed. The regulators failed. And I think that's what people are getting sick of.

And it's back to one of my favorite phrases that President Trump uses, common sense. Yes. It's just common sense that if you have a whole bunch of deposits that could leave your bank with a click, you shouldn't have all these long term assets. But they were too busy worrying about the weather. And there was also some degree of regulatory capture.

And it's back to one of my favorite phrases that President Trump uses, common sense. Yes. It's just common sense that if you have a whole bunch of deposits that could leave your bank with a click, you shouldn't have all these long term assets. But they were too busy worrying about the weather. And there was also some degree of regulatory capture.

And it's back to one of my favorite phrases that President Trump uses, common sense. Yes. It's just common sense that if you have a whole bunch of deposits that could leave your bank with a click, you shouldn't have all these long term assets. But they were too busy worrying about the weather. And there was also some degree of regulatory capture.

seems hard to believe to the average citizen, the CEO of Silicon Valley Bank was on the board of the San Francisco Federal Reserve, who was his chief regulator. Are they going to tell that guy what to do? Why is gold moving around the world in such huge quantities right now? Well, a couple of things. It's moving Physically, it's moving because of potential tariffs here.

seems hard to believe to the average citizen, the CEO of Silicon Valley Bank was on the board of the San Francisco Federal Reserve, who was his chief regulator. Are they going to tell that guy what to do? Why is gold moving around the world in such huge quantities right now? Well, a couple of things. It's moving Physically, it's moving because of potential tariffs here.

seems hard to believe to the average citizen, the CEO of Silicon Valley Bank was on the board of the San Francisco Federal Reserve, who was his chief regulator. Are they going to tell that guy what to do? Why is gold moving around the world in such huge quantities right now? Well, a couple of things. It's moving Physically, it's moving because of potential tariffs here.

So it was unclear whether we were going to exempt gold from tariffs, which I believe we have. So there was a big move out of Alts in Switzerland, out of Alts in London to get it into New York. And look, there are a lot of different stores of value over time. Bitcoin's becoming a store of value. Gold has historically been a store of value.

So it was unclear whether we were going to exempt gold from tariffs, which I believe we have. So there was a big move out of Alts in Switzerland, out of Alts in London to get it into New York. And look, there are a lot of different stores of value over time. Bitcoin's becoming a store of value. Gold has historically been a store of value.

So it was unclear whether we were going to exempt gold from tariffs, which I believe we have. So there was a big move out of Alts in Switzerland, out of Alts in London to get it into New York. And look, there are a lot of different stores of value over time. Bitcoin's becoming a store of value. Gold has historically been a store of value.

I think what's interesting is where do we see the gold demand coming from? A huge amount is from China. Yes. Where, as I said, they're in the middle of an economic recession slash depression. People don't trust the Chinese currency because they have capital controls. There are 1.4 billion Chinese who all want to get their money out and they won't let them. They will let them buy gold.