
Episode 5494: Trump Accounts Are Now Open For America ...
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Donald Trump
Not contributing to the accounts of the employees of your kids. Do so now, match their contribution, double their contribution and to philanthropists. Go adopt a state. Go adopt your city. Go adopt a school. Go say the kids in my community, the kindergarten class here, we're going to help them get started. This is a moment, I believe, transformational, to make sure the next 250 is even better than the first. Thank you, Mr. President.
Steve Bannon
Early in the morning. Let's go back to the Oval Office.
Donald Trump
Yeah. So I'm from Indiana and we're going to add $250 following Michael and Susan, to all kids in the state of Indiana under the age of five. Ray Dalio in Connecticut. We have lots of philanthropists that are adopting states, cities. Now. We have the city of San Francisco has been adopted. The city of Oakland, and recently with, you know, with Katie, we've adopted a
Steve Bannon
school in the city of Durham.
Donald Trump
We've adopted a Boys and Girls Club in Philly. We've adopted, you know, a Big Brother's Big Sisters in Newark, New Jersey, last Wednesday. And it's all to show the country
Steve Bannon
the art of the possible.
Donald Trump
When you create an open source platform, anybody can give to anybody. These accounts have a QR code in them and somebody sends you the QR code and you just double click on your phone and money goes into the account. Thank you to Joe Gebbia and the National Design Studio for their incredible work on the account. Thank you, the head of the SEC. Thank you, Mr. President. Paul Atkins, chairman of the SEC. Super. So this is an amazing day and really I salute you and Senator and Secretary Besant for all that you've done to help these accounts go. And then the philanthropists who have also put money into it. But the senator has it exactly right. We have to remember that all the folks who signed that document 250 years ago, they understood well that America was actually an investment before it was a nation. So joint stock companies were stood up
Steve Bannon
in England and France and the Netherlands
Donald Trump
to establish New Amsterdam, for example, now New York, and to support, you know, the people there. So that is in our blood as a nation. And everywhere I go around the world to talk to my counterparts, finance and other regulators around the world, they always ask me, how do we replicate America's whole ethos of investment and risk taking? Well, this is exactly how to do it. And the senators said so well, for the next generation to have a feeling that they have a real stake in our economy, in the products that are made for their benefit and for the benefit of the world, frankly. So I think it's an exciting day. Thank you very much for your leadership, and I'm really proud to be a part of it. Thank you very much. I'd just like to add a couple things. There have been so much wonderful things have been said, Mr. President, about what you're doing. This is absolutely transformational. I'd like to tip my cap to Secretary Bessant. His staff originally told him when this idea was floated that it would take
Steve Bannon
a year or two.
Donald Trump
And Scott said, no, it's got to be the Fourth of July. And they delivered. I'd like to thank the designers of the app because every kid, as Scott arranged and as you were key to discuss, every kid can look at what firms they own. So it's not just going to say S&P 500. It's going to be, you have a
Steve Bannon
little bit of this, you have a
Donald Trump
little bit of that. And so we believe what it's going to do, sir, is connect America's youth to our vibrant economy in a way that's never been done before. So thank you very much. So all, everybody, we thank you. And the press has been very kind about this. This is one they have a hard time attacking. You know, we're all in this together. You have children, a lot of those children already, they have their accounts. We're going to see tremendous money come in from wealthy people and pretty wealthy people and very wealthy companies. And I'm getting calls from everybody, too, put money in, and they're going to put tremendous numbers of dollars in. And these, these children are going to have actually accounts. They're going to learn about finance a little bit. They can watch it. We're going to all watch it grow together. And we're going to have a whole different planet when they turn 18. It's going to be a lot different when you turn 18 and you have no idea what's going on and you have no money and no hope. They're going to have great hope. It's the American dream. It's a big part of the American dream. So again, Michael and Susan and Brad and everybody that has worked so hard, it's an honor to be. This is truly an honor to be involved in something that's pioneering, but really not, because for so many years, I said for many, many years, decades, they've tried to do it. They've never been able to pull it off. So I just want to thank all of you guys, and I think it's such a great tribute to come together. People said, no, no, there must be a Mistake you made. You're having separate meetings. I said, no, no, just watch at 9:30. Right. So it's a great honor and thank you for being so fair about it. So we'll take a few questions, please. Yeah, please. Mr. President, Vladimir Putin, shortly after speaking
Steve Bannon
to you on July 4th, struck Kyiv
Donald Trump
and killed innocent civilians. Why isn't he feeling any pressure after speaking with you? Well, I think he does feel pressure. He wants to end it and Ukraine wants to end it. And we're in talks and we'll see if we can get it ended. It's a terrible thing. I ended eight wars, and this was, in my opinion, going to be an easier one because I know both heads. I didn't know most of the heads. I did India, I did Pakistan, I did others. That could have been a real bad one. Nuclear. That was going to be nuclear. It could have been. As the prime Minister of Pakistan, could have been 40 million. 40 million people would have been killed, maybe 50 million. They had shot down 11 planes. It was raging for four days. And I got it stopped, and I did that. But this is one that I think we're getting much closer than people realize. And President Putin wants it to end. I will tell you that very strongly. A good call. And President Zelensky actually wants it to end now. And we're going to be going to NATO and we're going to be talking about it, and I think we're going to get it. I think we're going to get it ended. It's been a terrible situation. Think of this. 25,000 people two months ago, 25,000 people were killed. One month. Soldiers last month set the record. 36,000 people were killed in one month. Young soldiers, they go off to war and they. They're dead before the first weekends. It's drone technology, Michael. Who would have thought that drones would have become such a factor? And they're killing machines. It's amazing. It's amazing. You hide behind a tree and it goes and gets you. And I've seen scenes that I don't want to see. I don't want you to see them on that battlefield. You know, you hear about the Civil War, you hear about all of these different terrible wars, but this is really horrible. So I had a very good call, and I think we'll. I think we're getting close to getting it done. Mr. President, on the economy, there's been a refocus, it seems, in June to
Steve Bannon
talk about your economic policies.
Donald Trump
When do you think that message will change the perception of Americans related to the economy. Well, I think people know, look, oil is now at a level that it was. I think it's even lower on a barrel basis than it was before we started. We've got gotten concessions. Now they have to hold those concessions, but there'll be no nuclear weapon. We're going to be getting the, as I call it, dust, the enriched material, nuclear dust, they call it, seems to have taken off, but it's enriched material. We're getting it. We're getting. I went in for one reason very strongly, that Iran cannot have a nuclear weapon. I'm not looking for regime change, although this is regime change. The first regime is gone. The second regime is gone. And I think the third regime is more reasonable. But we'll find out. But we've destroyed their, as you know, completely destroyed 150. They had 159 ships. Every single ship is at the bottom of the sea. We've completely destroyed. They don't have one airplane. They don't have radar. You know, one of the reasons we kept the oil down because a lot of people said, Kevin. And a lot of people were saying that oil could go to $300, $350 a barrel. But one of the reasons that prediction wasn't right is we were taking out on average of 10, but sometimes less, sometimes more. Three weeks ago, we had a night, 22 ships came out of the Strait and the famous Strait of Hormuz nobody ever heard of. But it's some. It is a. That is some big money machine. I'll tell you what, when you look at the numbers, Michael, that makes everything look small. No, wait, wait, wait. And we took out so much oil that people didn't know. And it was only took a month and a half. They finally found out they had no radar because their radar was destroyed. So we took them out late at night with no lights, no nothing, and our great Navy, which did the greatest blockade anyone's ever seen. Not one ship got through and two months. And we then freed up the blockade because we're close to maybe making a deal. I don't know. We'll make either. Look, we're going to win one way or the other. We're either going to make a deal or we're going to finish the job. Okay? And it won't be tough to finish the job. I'd rather make a deal because I don't want to affect 91 million people. We can knock down their bridges in one hour. We can knock out their energy supply. All of those big plants that they built, big Beautiful, modern plants had a lot of money. They don't have any money now. We haven't given them any money. But we can knock out their electricity and power generating plants. And I would say a small part of an afternoon, every plant will be gone. And they know that. They know that. Please, Daniel, go ahead, please. Go ahead, please. Thank you so much. No, right behind you. Oh, yeah. You know why? He's a friendly voice. Go ahead. I wanted to thank you first and
Steve Bannon
foremost for the Trump account.
Donald Trump
You see, that's what I call a reporter. He's actually a great reporter.
Steve Bannon
So he'll directly benefit from the accounts.
Donald Trump
Good, thank you.
Steve Bannon
Fast forward 18 years from now and a lot of these kids are 18 and they can look at the Trump
Donald Trump
accounts and they see hundreds of thousands of dollars.
Steve Bannon
What lesson do you hope they'll walk away from and think about you regarding this program? And do you think this will go down as one of, if not the signature policy achievements?
Donald Trump
I hope so. I think it will. I really believe it's going to be one. I think we've done a lot of great things, but I think this will be one of the top. It's going to teach children to be entrepreneurial as opposed to the threat of communism that you're seeing a lot. This is not Social Democrats, by the way. That's a beautiful. We're Social Democrats. They say they're not social, they're communists. They want to destroy our country. We're not going to let that happen. But this helps, even from the parent standpoint. You know, they see their child getting richer and richer as the market goes up. If it goes down, they don't lose anything. And they make money. They have money. But if it goes up, they can become actually rich. And the parents are going to be watching and we're all going to be watching. And we're part of a very big. A very big and very beautiful game. It's going to bring them into the mainstream. It's going to bring them into recognizing, like Michael Dell. I said, how the hell did you start this thing? What he built is incredible. Now, his product is great, but as he said, he made them, I guess, laptops. He made a better laptop on his bed in a dorm than they sold in the store. So he started selling them, I guess, probably during college. I don't know where the hell you started selling them, but you sold a lot of them. And it just cascaded. And then he. His greatest deal was he met Susan and she probably guided him beautifully. That was probably his most important thing. But. And they have great children, great everything, but, you know, it's a beautiful story. Think of it. They gave $6,250,000,000. And there's a rumor he's giving more. I don't know if it's true. I'm not holding him. It's hard to say. How about. How about doubling up? Right? But. No, but think of that. And started with no money. He had a great brain, which is, you know, that's better than money, I think. But, you know, it's like an amazing story. And that could happen with other people. Maybe not to that extent. Maybe there could be a few to that extent, but not to that extent. But that could happen with some of the people here, some of some children living in poverty. It can happen. And now they have a real chance. It's a big thing. It's a big thing. Yeah, please. I wanted to ask you, can you
Steve Bannon
describe your phone call with Johnny Infantino about the red card?
Donald Trump
And Belgium is appealing the decision. What's your reaction? You're asking me about the whole soccer thing. So, yeah, I did. I spoke to Johnny, who's highly respected, who's produced the most successful World cup in history by, they say, four times. This isn't just a success. I actually said, johnny, we've got all these games. Each one is turning out to be a Super bowl, and we have all these games. You know, when you think of it, every game is like a Super Bowl. Yes. I watched last night what a game that was with Mexico and England. I mean, two countries. I don't know the players, although I think Kane is a great player. See, I played golf with him, and I like him a lot. He's a good golfer, but he's. He's really. He's really great. But I watched and. And no reason for me to watch. And you couldn't take your eyes off the game because I said, johnny, you know, you have all these games because they added games in a country where really we don't. It's not our main sport, to put it mildly. And this has been four times more successful. He told me last night, the numbers are four times greater. They think 50 or 60 million people are going to be watching the game tonight. I mean, these are getting to be super bowl numbers. But you have a game tonight, and they think they're projecting a minimum of 50 million people watching a game. We call it soccer. It's called football, I guess, but we can't really call it football because it gets a little. There's a little confusion. So yeah, you call it soccer. We're the only ones that do that, but we have football, and football's great, but I've never seen anything like it. So I saw the play, and I'm a person that loves sports and was a good athlete, and I understand sports really well. Really well. And that wasn't a foul. That wasn't even an infraction. That was two guys running full speed that happened to crash into each other. You can't take your foot and properly place it on somebody else's foot when you're going, no. These were two great athletes that got tangled up. And this referee, who is a little bit suspect, if you check his past, I don't want to say that, because I don't like to create controversy, but very suspect. If you'd like, I'll provide you with the past. He made a call that nobody could believe. You know, even people on the other side, they say, oh, we got lucky. Wow, that's. And it's very interesting. They say they don't show them in slow motion. And I never realized that. I'd never heard of that before, that they're not allowed to review in slow motion because it's so different, because you'll take one little quarter of a second and you'll see that a hand is touching a neck or you see something. Whereas when you see it in fast motion, it will look like two guys collided, which is really what happened. They got sort of entangled. He didn't do anything wrong, and he's our best player or one of our best players, a very vital player, and he gave him a red card. I didn't know what that meant. I didn't think it meant much. Then I started hearing that that means he can't play in the next game. At least in the next game. I said, boy, that's a big. You know, if it happened to another player, it would have been unfair. But when they take your best player, or just about, they have some great players, but. And they say you can't play, that's very unfair. That's. You know, it's one thing to penalize somebody for the game, but how do you penalize them for a game that hasn't been played yet? It's very unfair. You can't do that. So, yes, I asked for a review by FIFA. I spoke to a man who's highly respected and, by the way, whose level of respect has gone up tenfold. And he was good before this started, but, you know, he really pushed it in this country. I'm the one that got them to do it, it was not Biden. Biden was asleep. I got him to do it. In fact, he was very sad because I got him to do it. And if the progression was normal, I would have been retired. Now the Democrats are saying, man, we should have just let him have us for you. We would have had him gone. But I said, you know, the saddest thing is I got the Olympics and I got the World Cup. I tried to claim 250 years to, but that didn't work. They said, that one is what it is. No, I tried, but it didn't work. But wait, wait. So I got him. I was so proud of it. And then I realized, you know, I wouldn't be president during that because I would have been out of office by that time. I felt badly. The beautiful thing about what I did is I ran. I never thought of it. And then all of a sudden I realized, you know, I just got the Olympics, and I totally got that myself. And I just got FIFA. I got that myself. We gave a little piece to Canada, gave a little piece to Mexico. I got that myself. And a lot of. And a lot of people helped like that, man, right there, Kevin. A lot of people, you know that we worked hard on that, and we got it. And. But. And what we didn't know is how successful it was going to be. I thought. I didn't know. I said, johnny, is anyone going to show up? Because, you know, we're not. Again, we're not really. I think. I think Soc is doing much better, but I couldn't imagine if you would have said to any very smart of these, like, people like this that the numbers they're doing now would be happening. They've never seen anything like it. Think of it. Take the most successful Olympics or the most successful FIFA, and you look at what's happened, you look at the numbers for this in the United States, just compare it to FIFA, and it's numerous times more. It's not like 10% more, 2% more, 5% more, which is more expected. It's like four times more successful than anything they've ever done. In fact, I said to Johnny, let's do it again next time. And he said, that would be hard. I said, no, no, you do it again, but at the same time, you give it to somebody else for the next one. I don't know. It's a little crazy idea, but all I did, all I did, I asked for a review because I didn't think it was a foul. And, you know, Again, I'm good at this stuff. I didn't think it was a foul. I thought it was two great athletes that crashed into each other and got entangled. That was not a. That was not a guy punching somebody in the face or anything that, you know, would be different. And I think it's. I think it's a terrible. If they wouldn't allow, you know, a top player, maybe the best, maybe among the best players on the team to play, I think it would have had a big stain. And I related just that feeling. I didn't tell him what to do. I can't tell him what to do, but. And I don't believe he made the decision. I think it was a committee that made the decision. And. And they made the right decision, because, number one, it wasn't a foul. And you want to see a game with your best players, you don't want to say, how would you feel if I took, you know, we take Messi out? Look, you know, he ran into somebody, or we took Ronaldo. Ronaldo, you bunked into somebody. We're going to take you out of a game. He's great. Or Harry Kane. Harry Kane. We're going to take you out of the game, Harry, because you happen to hit somebody a little bit harder than you can't. You can't do that. If you would have taken him out, I think. I think it would have really stained this incredible champion. We got to have our best players, and they've got. Belgium's got a great team, by the way. We have to have our best players, and they have to have their best. And if we win or we lose, it's fair. Otherwise, let's say we lost them and we lose the game, it would be a terrible thing. So I think they made a really brilliant decision. I think the referee's call was horrible. And nobody talks about that. They talk about the red card like it's fine. Nobody talks. The referee's decision to red card. I didn't know what the hell a red card was. When I found out, I said, you got to be kidding this guy. Just hands up, okay? Your best player is not going to play next week or in the next game. I said, wow, that's a lot of power. That's terrible. But then I looked at his past, and it wasn't so great. Okay,
Steve Bannon
Mr. President, are you going to
Donald Trump
talk to the Belgian Prime Minister before the game? I didn't think of it, but I would. He's a good man. I will tell you this. The people in Belgium, if they Win the game, they can be very proud. If they would win the game with a player missing, it would have been a different feeling. You can't do that. And I'm very glad. All I did was ask for a review. I didn't say you have to do this. This man is a smart, tough man. Johnny Infantino. He's a smart, tough man and his stock has gone through the roof because what the job he's done has been great. And I feel we have to have all the best players on the field. You can't take the best players. Yeah. Please nip it on the Trump accounts. Thank you. Liam Kosgrove with Zero Hedge. What is your plan to facilitate broad adoption of these? And you mentioned, you know, the communist issue, particularly that crowd, to get them to participate in this. Since I see Anthony Populano is here and he's probably going to ask, is bitcoin in any way going to be related to this in the future? Are there plans to put bitcoin into Trump accounts? Well, I'm a big crypto. I've become a big crypto guy only for one reason. If we don't have it, China is going to have it and they would like to have it. But now they're not even trying that hard because we've taken over crypto. But I'm a fan. I wasn't initially, I didn't know much about it, but for some of my first term, I wasn't really, I wasn't much involved. But I'd watch and I watched it grow. And it's a huge industry and I got involved in a little bit for politics, you know, because I realized there are a lot of people love crypto and even me as a businessman, I'd see a lot of money starting to come in with bitcoin and, you know, the different forms. And I said, this thing's got a lot of life. And then I hear China was going to make a heavy move on it, just like they do for AI by the way, we're leading China substantially in AI by substantial. And one of the reasons is I allow, when they build these big plants, I allow them to build their electric generating units, whether they use nuclear or oil and gas. Whatever they want to use, they can use. Except wind. We don't allow wind. Wind is terrible. It just doesn't work. It's too expensive. No good, bad for the environment. But. And they're building their own plants with some of the greatest electric producing plants that you've ever seen. I mean, they're teaching the Companies that produce electricity, they're teaching them how to do a plant. So that was my decision. That was my idea. Because we have an old grid. It's tired, it's old. You can't. It would take years to fix it. And now we're actually taking the excess energy that they make. You know, we need more than double the energy. If you take all of the electric that we have now, you need more than double it to power that industry, which is so shocking. When I first heard that, I said, no, you mean like a little. I couldn't believe that, Jeff. I heard more than double. So all the electric we make for everything to power that one industry. Now, with that being said, it's a massive industry and it's going to be for good. I mean, look, we're going to have guardrails. We have guardrails. You know, you saw that a couple of weeks ago. We were able to stop something that we didn't like. And by the way, the company was very good. They were very good. You know that. But it can be used for tremendous good and mostly good and some bad, and the bad we have to stop. But it's a massive industry, and I think things are going to happen, you know, what you're seeing here with the kids, I think something could happen in that regard, too, with a contribution to the people of our country. I'll give you a little inside information. Am I allowed to do that? Well, we have. Paul, Am I allowed to do that? That's a little inside information. You understand, Scott? You know what I'm talking about? No, I think you're going to see a contribution made by those. Because they're making tremendous amounts of money. They're also creating tremendous. The medical. The medical. The things that are happening in the world of medicine because of AI is not even believed. I'm friends with many doctors because of, you know, what I'm doing as president, and I've become very friendly with a lot of them. They're great. They're great. As long as they tell me I'm healthy. Okay, when they tell me I'm healthy. So far, so good. Where's a piece of wood? But a couple of them got together last week and they said, we can't believe the progress that's been made in disease. Things that they didn't think would happen for 10 years happen in a matter of minutes, matter of seconds. So this is going to be used for good. But we're leading China by a lot. We're leading everybody. Crypto is the same thing. If we didn't do it, China would do it. It's a massive industry. And frankly, when I went very pro crypto, as you know, Biden was totally against it, but he has no idea what crypto is. He had no idea. He didn't have a clue. But they were very violently against it. They were putting people in jail. What they were doing to the crypto was horrible. It's amazing it survived that onslaught. It was a weaponization of government. So when I went very much for it, and I must have gotten. I think I got 100% of the vote, but what happened is, I think it was 100 million people. That's a big industry, and that means some pretty good things. But what happened is Biden, then after he was getting killed, he was down so much, all of a sudden, they became pro crypto. And their head of the SEC was horrible. Unlike Paul, who's really good. I mean, he's the best man for the job. Everybody wanted him. But he was horrible. What he was doing to the crypto. They were putting people in jail. You know that better than anybody. Good people, great, prestigious people. They were putting them in jail. And I said, you got to be kidding. And they were trying to destroy the industry. Okay, ready? So now I'm killing Biden. I'm winning by so much. And all of a sudden, he becomes totally pro crypto. They dropped all investigations of everybody. They allowed people to come out of jail. And every time I see a crypto guy that. Where they dropped an investigation, I said, you're lucky I'm president, because they, you know, I don't know if, you know, the Biden administration became totally pro crypto that last couple of months because they were getting killed, because crypto has a tremendous audience. So, yeah, I'm very much for crypto because it's. I don't. It's not a question of a personal thing.
Steve Bannon
I.
Donald Trump
Because I let my kids do whatever the hell they do they can do. I don't talk to them ever talk to them about it. I'm allowed to. I think I'm allowed to. But I don't bother because this is a much higher. This office is a much higher calling. So I make, as president, the President of the United states get essentially $2.5 million for four years, right? Spread. Wait a minute. It's spread out over a period of four years. It's about $2.5 million. I waived my salary. Now, I figured because we've had other wealthy presidents, we've had Kennedy, and we've had FDR was very wealthy. Teddy Roosevelt was wealthy. And one of the wealthiest, believe it or not, was George Washington, who wasn't in the White House. But there are pictures of him surveying this ground. He's the one that sort of picked the location. He picked a. I think he made a good choice. He picked a good location. But George Washington had two desks in his pre White House. One was, and they were right next to each other. One was for business and one was for the presidency. Had two desks in the same room. And so you're allowed to, but I choose not to. I don't talk to my kids about, you know, this stuff. But I will say this to me, cryptos are very powerful. A lot of people are using it, Bitcoin, they're using it at levels that nobody, I don't, I don't think anybody understands really how powerful. And if we didn't do it, China would do it in a minute. And if we let our guard down on AI if I didn't come up with the idea for electric plants, producing plants, they become a utility, basically these guys producing, you might as well put them down. Paul, I think you should mark them down as utilities because frankly, in many ways are more impressed by their electric plants. And they're building them on top of the buildings, alongside of the buildings, standalones, right next door. But you have to see some of the electric producing, degenerating plants that they're making. Nobody's ever seen because they're brilliant people and it's a fantastic thing. But if I didn't come up with that idea, maybe somebody else would have. I doubt it because it's too simple. I mean, it's such a simple idea. Do you know that your friends. Michael, when I came up with that and I told Mark Zuckerberg, I told Bezos, I told all of the people, AI Sam Elon told them all. I said, no, no, I'm going to let you build your own plant and I'm going to get you fast approvals. They thought I was kidding. You know, they said, and they would submit plans without an electric plant. And I'd get calls from Lee Zeldin, who's a star environmental. Fast approvals, good approvals, but fast. And they'd call up and say, sir, these plants are not taking advantage. And I call them. I said, why aren't you producing? They said, we thought you were. Every one of them. They thought I was kidding because they can't believe it. Number one, they can't believe that they're approved in A period of a matter of weeks, because if this was somebody else, it would be 20 years before they're all under construction. We get. We do rapid approvals, and some are nuclear plants because nuclear is now really hot and safe. You know, I was. I was not a huge proponent until two or three years ago. And then I saw what they. My uncle was a big nuclear guy at mit. He knew nuclear better than anybody, I think, anybody in the world. Probably he was the smartest guy. He was at MIT, the head, for 41 years. And he said to me one day, he said, you know, nuclear is going to be the most important thing, but it's also got to be watched. It's got to be watched very carefully because it can build the world, but it can also destroy the world. He said that. I said, uncle John, that was a long time ago. But he was exactly right. He called it exactly right. But what they've done with nuclear in terms of generating energy is absolutely. You know, a submarine can run at full speed for 30 years without having to refuel. The only thing it has to do is come up every 90 days for food they can't solve. They can't solve the food problem. But think of it, a submarine without having to gas up can run for 30 years at full speed without stopping. I mean, who would believe a thing like that? But fortunately, we have the best technology and we have the best submarines. It's something we lead the world in by 15 years. Any other questions? Go ahead. Thank you so much, Mr. President. What? I said, thank you so much, Mr. President. Jennifer Schomberger, the on the Trump accounts,
Steve Bannon
SpaceX president, has said that she's going to donate shares to the Trump accounts.
Donald Trump
Have you spoken at all with Elon Musk about further share donations as well as other corporate leaders about share donations specifically? Look, I'm like a cheerleader for geniuses. I love geniuses. I love high IQ people. He's a high IQ person. I love high IQ people. And I speak to Elon, I speak to Mark, I speak. I speak to Jeff. I speak to everybody. By the way, in the first term, less so. In fact, at my first inauguration, none of them were standing behind me. They were just the opposite. And now at this last inauguration, every one of them was standing behind me. It was sort of amazing. No, I speak to all of them and I encourage them. I want them to be tremendously successful. Now, there's a thing called TikTok. Have you heard of it? I was watching a show this morning. Maria Bartiromo, she's Fantastic. And on her show, they were talking about the dangers of TikTok. And it's Chinese, you know, a whole thing with spying and what they're doing with. Well, except it was announced about two days ago. The new numbers just came out. You know who the number one person in TikTok is by far? Trump? Me. I just got they. I'm number one. Like Taylor Swift was number 11. I'm number one in TikTok by far. And the numbers just came out. And I said, well, you know, I'm hearing about how they influence. They're talking about their tremendous danger because the influence. But if they influence so badly, I mean, I'm saying all things like, I love our country. We got to stop communism. We got to this and that. We're going to do a lot. We're doing a lot of things, but I'm by far number one. It was sent to me by, you know, the list comes out number one. Number two, I was number one by a lot. So I guess maybe. I don't know, maybe they're bad, maybe they're not. I know one thing. Great American people, tremendous business people and companies bought it. I called President Xi and everyone said, he was a hard no. He was a hard no. But I said, you know, it's a good thing for TikTok, but it's good for us, too. American companies, great ones, own our TikTok, and it's very influential. But I'm number one by a lot. So, you know, I hear this thing was on today. Gordon Chang. I like Gordon Chang, but he's always so negative. You know, nobody's been tougher in China than me, but Gordon Chang, and he's a nice guy. It's like the world is falling down. And it's not true. It's not true. We have to be careful because China is a great competitor. But, you know, he was talking about, we must stop TikTok. I'm number one on TikTok. I think it helped me win the election in a landslide, if you want to know the truth. Yeah, please. Do you work on the White House?
Steve Bannon
Are you building a helipad? Are you building a helipad?
Donald Trump
That's a helipad, yeah. So for 50 years, we've been landing helicopters on grass. The grass is wet, soggy. The helicopters sometimes miss their little mark. You know, they send people out, Marines. I watch them do it. They march out. So beautiful. Great guys. They have a piece of metal that he put down. And except for the fact that these pilots are so good, they almost Hit the mark all the time. But sometimes they miss. They're half the size of this desk. Think of it, you're landing a big chopper, but, you know, years ago, and they just got produced. But during my administration, they ordered brand new helicopters. The big ones, the ones for president. It's called Marine One. And our other Marine ones are about 40 years old. They're all like Air Force One, you know, it's time to make a change. And other presidents wouldn't do that because they think it's not good to make a change to luxury. But you got to do it. You know, other countries have them. So Sikorsky gave. We ordered a number of Sikorsky's as the helicopters back and forth. Well, they're about two and a half times more powerful than the old ones. And when you land on the grass, it's not that the grass gets discolored, it gets ripped out. Ripped out. And it was all over. They landed it once, and nobody planned for this. This was a little bit of a planning mistake. So they landed the helicopter, and half of the grass was sitting in front of the Oval Office front door. The rest of it was scattered all over the. I mean, literally, it didn't singe it. It also singed it, by the way. But it literally, because of the power, it's tremendous. And everybody said, well, we'll keep using the old helicopters when we have to land at the White House, and for everything else, we use the new helicopters. They said, that's a pretty expensive deal. You wouldn't do that for your company. You'd figure out an answer. So I said, because I have helicopters and three of them. And I said, because they've been great for my business, I think they're incredible. So Sikorsky's, Sikorsky 76. And I always was lucky. I always got helipads. Other people don't. Very hard to get. The hardest thing to get is a helipad. Okay? There's no harder zoning thing to get is a helipad. And I had like seven of them at different places so I could go around by helicopter. And I said to the people, have you ever thought these are generals, Air Force generals that are brilliant and, you know, you get used to a certain thing. They bring out the metal. But this was. Now the metal didn't work because the power of these helicopters is so great. It ripped up the grass, right? So I said, has anybody ever thought of a helipad? Because I build them and they go quickly and solves all of the problems. He's laughing. It's true, right? It's crazy. So it was funny. I said, has anyone ever thought of a helipad? I had like six generals in front of me, and they're going like, wow, that's a good idea. You know, it's like the paperclip, it was such a simple adventure. Probably. He says that about a laptop. To him, it's a simple thing. To other people, wow. But the paperclip. 200 years ago, a gentleman came up with the idea for a paperclip, and he made a lot of money, became very rich. Not as rich as Michael Dell, but rich in those money. And what happened is everybody was jealous. They said, why didn't we think of this? Same thing with a helipad. So now we're building a helipad, beautiful helipad. And it's got the seal of the White House on it in granite, in carved granites. A really beautiful thing. And I'll tell you, Sikorsky is paying for it. You know why? Because they didn't tell us how powerful these helicopters were. And they felt a little bit guilty. They sold us. I love. I like power, by the way. I think it's great for a helicopter. But they probably, I don't know, they felt a little guilty. And they are paying for the cost of. It's about five or six million dollars. They're paying the full cost. And when I heard they were paying the cost, I went out and said, let's do a beauty. Let's not just do a piece of concrete and paint it white, which is. I just put beautiful concrete. Nice. And we painted it white. This one is a beauty. It's got the seal of the White House. It's beautiful. The eagle. And it's carved out of granite. It's done by some of the most talented people you'll ever meet. And you're landing on granite, which is the strongest stone that we can like. The outside walk is black granite. It's got. That's 35,000 pounds per square inch. It's got a 1 million plus lifetime. It's the strongest stone there is, and that's being used out there. And it's going to be, I think, really beautiful. And you can see the size. It's going to be beautiful. It's going to. And it can be used for other things. When helicopters aren't landing, you can have other things out there, like events. You could have news conferences literally on it because it's the right size. So by doing this, we solve the problem and we'll Be able to finally retire 45 year old helicopters. Okay, how about, how about one or two more and we'll get out? Go ahead, please. Mr. President, about the FIFA decision, millions
Steve Bannon
of American soccer fans are obviously very happy.
Donald Trump
But what do you say to the critics who say this starts a precedent which other powerful leaders. Well, I don't know. I mean, I can only say this. I had nothing to do with the decision. What I did have to do is I said I think it should be reviewed because I watched the play and he didn't do anything wrong. You know, got to look, by the way, if he did, I'd feel differently probably if he punched him in the face, if he did something wrong. I thought you're young, wonderful basketball player Caitlin. I thought that she was treated rather rough, if you want to know the truth. That was a much different kind of an event. That was a pretty bad event. But in this case he didn't do anything wrong. Two people ran into each other. And by the way, if you look at that game, there were 10 instances where it was much rougher than that. So I think it starts with the fact that it shouldn't have been a foul and then you have to look at the person that raised the card and that's up to you people, you'll look at it. But I didn't think it was very good because it was not good. And I think that Johnny is brilliant at what he does. And I think they made, I don't think it was his decision. It's a big committee and after reviewing it, I think they said, look, it's this would this game would have a big mark on it if we lost, if we won. No matter what happened, you have to let them use their best players. And the game tonight is going to be amazing and we're going to have a full team and Belgium is going to have a full team. And you know what, if they beat us, then they can be really proud the other way. If they beat us, we'll say it was. I say it was rigged just like the election was rigged in 2020. But I won't get into that. Ladies and gentlemen, thank you very much. The trump accounts are great. Thank. You.
Steve Bannon
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Join the community of patriots taking back control of their health care. That's freedomforhealth.org Bannon freedom for health.org Bannon promo code Bannon make sure you go check it out. Immerse yourself in the details of America's health sharing. You will not regret it. You had the President of the United States, the Commander in Chief. We're packed today. Want to thank the President for giving us the first. Was the first 45 minutes off the Trump accounts. Talk about the Trump accounts. I said in this, by the way, it is Monday the 6th of July in the year of our Lord 2026. In keeping with the. Was it the second, third day of the 250th year, the year of the beginning of year zero in our year one in our revolution today on Staten Island, British troops were disembarking ultimately be 32,000 combat troops and auxiliaries. 302 or 300 plus warships from the Royal Navy and auxiliaries. It actually started. I think the preliminary ship showed up on the third, second or third, which was quite symbolic since the vote really went down on the second. The final edited edition was finished on the fourth. Not to be too nitpicking, but I think August, I think August 2nd was the day that they finally get everybody's signature on it or close to everybody's signature. They sent it to the printers I think after the fourth Dunlap to the Dun, that those Dunlap editions of the first broadsheets of the Declaration. So. And we're going to be covering that kind of tracking what was happening, happening now, because according to the way I look at it, and it's just one man's opinion, I look at the foundation of the country in three phases, basically, maybe four, if you take coming over and building the foundation of American culture. But as far as our freedom in setting up the apparatus it's in, you have the American revolutionary phase, which is a whole distinct thing of how people's mindset started to change, how they started to think of themselves. That's the American Revolution part of it. That to me, the curtain goes down on that on the fourth, and the curtain raises on the War of Independence. The War of Independence takes what, five years of combat and another couple of years of quasi combat or figuring it out in the Treaty of Paris, and then you've got the building of the nation. The building of the nation is basically take the Treaty of Paris and say, no, we're not going to be hemmed in by what the Brits want in the Appalachian Mountains. We're going to expand into the Ohio River Valley. And in fact, the beginning ideas of Manifest Destiny, which would ultimately lead, as you're a war room participant, through the Central Pacific into the islands of the three island chain. Because, yes, the visionaries in our nation realized we're more than a continental power. We were going to be a world power, not an empire, but a world power, and that the power of that in Manifest Destiny would go all the way through the Central Pacific to the three island chain. As clear as Pascal has been so brilliant to lay out for us time and time and time again, I want to go back the Trump accounts. I said in this Politico piece, this interview with Megan Messerly that got a little bit of attention, that about combating the Marxist jihadists. And please, for the president's speechwriters, yo, I understand we're in a war and you've got allies like Saudi Arabia and UAE and Qatar, and Pakistan's a mediator. You got to put it's Marxist jihadist. It's a red green alliance. This is what's taken over Western Europe. This is what's taken over London. And you can't look away from it. You can't look away from it. You got to address it head on. Dani's wife, she took. This is how much the Ugandan Marxist jihadist Mandami thinks of The United States, the wife, the quote, unquote, first lady of New York takes off for. Takes off for. Is that clock right? I'm just asking my producer. I don't think that clock is correct. Not with the break. Not with the traditional D block break. With 10 minutes would take us to like five. I'm just having it. Just having a check. I'll do it. I'll do anything. I'm just. Hey, I'm just talent. My directing days are over. Okay? I'm cool. I'm just saying it's 10. Okay, fine. Okay, fine. That's even better. Just, hey, just every now and again, include me. Denver, you know, anytime you can just jump in my ear and say, hey, I'm just the talent here. Just a front man. By the way, we have a tremendous production team. I want to thank them all for going live. I had to jump in the beginning. It's only so much Ted Cruz's voice I can take early in the morning before I've had like, three pots of Warpath coffee. She goes. She goes to a. You know, she goes to a jihadist spa, thinks she went to Spain. That should tell Spain about how far gone you are, right? They've kind of taken it back over. Where's Queen Isabella when we need her? She was a hammer. She was a flat out hammer. Ran him out of there and then sent. Then, then, then hired an Italian to go find the world. Go find me some territories. Hey, go find me some silver mines. How about that? Go find me some copper. We need a Queen Isabella, and we need her now. And I'm not a monarchist at all. She's just a hammer. So the first lady goes over to a jihadist training camp. Oh, you can't say that. It's just a spot. Hey, it's nothing but a Madras for women. So that's what Mondame and I say in the counter. You just can't be trash talking them.
Donald Trump
Hey.
Steve Bannon
As we do here in the war room and have for years and, you know, talking to people about this red green alliance, you have to have an. You have to have an alternative. Because these kids have been raised on Howard Zinn, I guess in Howard Stern, too, but Howard Zinn. And they have a deformed opinion of America. Of course, also the lived experience of their lives are sometimes maybe not the best because we have a capitalist system that has no capitalist. You have the concentration of wealth, oligarchs. And so the Trump accounts are a brilliant start. First off, it's kids, and they're going to expand out the age back to 2016. But it cannot be simply the oligarchs in their mercy or their philanthropic throwing a few coins into the thing. I realize Michael dell throwing it 5 billion. That's a huge deal. I don't care how wealthy it is. Some of these people are making big commitments. Ray Dalio, right? Ray Dalio, after selling us out to China and selling out the generation kids to China, he's going to throw a few coins into the till, right? That's fine. I think that's good. And that is very American in the wealthy, many of them having understanding. Maybe what they're not doing for the country in their personal endeavors or their professional endeavors, they'll do for it personally. And that's good. And everybody should hit it. And if people want to kick some stock in, that's better. But that's just the first step to have a capitalist system. With capitalists. The Trump accounts are brilliant and kind of start. And nobody's going to say, oh, it's too much, you know, what are you doing here? This is not Milton Friedman. I can already hear the National Review over there going, giving the unwashed masses, giving them a freebie. Wow. So the awfully, awfully crowd of the. Of the libertarians and of course the neoliberal neocons who have helped get the country and the mess it's in are going to tis. Tis. They don't like it. But I think the concept not just should be expanded, it will be expanded. It'll be expanded because this will be your. This will be the defense. You have to have offense. You have to have defense. This will be a great starting defensive block to the Marxist jihadists. And that you kick in equity. And it's not equity. That is the American people are not a supplicant, Right. When they come to, you know, you have your Jewish responsibilities. When your sons and daughters go to serve their country and fight on foreign battlefields.
Donald Trump
Right.
Steve Bannon
The government doesn't come as a supplicant. You do this because of your innate love of this country, your innate belief in this project going forward, in your love of everything that's come before you. Although a lot of it hasn't been perfect. And we try to, obviously, we're a human institution made up of imperfect human beings. We tried to perfect this. And this country's more perfected than any nation on earth in the history of the earth. Freed more people, created more wealth, more opportunities, more inventions. So much of the modern world, driven by what's come out of the ingenuity and just good old fashioned entrepreneurship and muscle elbow grease of the American people. But when you own 10%, we don't want the government. I don't think it's advisable to have the government own these equity shares. Because Elon Musk and OpenAI, the people are not dumb people. They've already opened up conversations to say, well, maybe give 5%. No, no, no, no, no, no. They understand what's coming. They're coming off all this government contracts and government funding because you are funding this. Your pension funds and your tax money are funding all of it. So therefore it is an allocation, a little something for the effort into the Trump account. Eventually, every person and every citizen, not person, every citizen in the nation will have a Trump account. And in the Trump account, you'll have a basket. In that basket, you'll actually have equity participation. You, you, you, you and all your eventual beneficiaries as we bequeath this nation to the next generation and the generation after that will actually have a stake in the system. Or what we refer to here is a piece of the action. A piece of the action. Not government ownership of these shares, American citizens ownership of the shares. You kick it in. And so then with the increase in the equity markets, as the country does better and the business model kicks in, you participate in that. Okay, and of course you got the options of buying more shares. Go to this peg. Do you get a 401k, or if you're lucky enough to get a company with, with a pension plan, or you're smart enough and savvy enough to put something away, but you will automatically see not just cash money because we don't want to have a universal basic income. That is not the American project. Having the government or having some entity just farm out cash to you so people can sit there and play video games or stream Netflix nonstop is not the purpose of the project. But I'll have a lot more to say this, however, you know, they're listening and they're afraid, oh my gosh, Ben is talking about 50%. Well, let's go and see if we can't give 5% to the government. Government shouldn't have. It should be passed through directly to citizens and everybody should have a Trump account. Scott Bessant and President Trump's brilliance is to think this thing through and to start it with children and to start it with a little bit. The government kicks in and then philanthropists like Michael Dell and his wife and so many others that are kicking money in. And I think it's just absolutely. I think it's absolutely fantastic. Now let me go to the. To the soccer situation. My beef in this entire thing is this guy they're talking about, the American with the red card. Hello. Is an anchor baby. An anchor baby. The parents. What? The parents left Nigeria when she was seven months pregnant or whatever, went to London, then came here to the United States, had the baby, went back to London, raised in London. He is. This is the exact anchor baby. I'm not sure that he's an American citizen and I don't care what people. Oh, you're going against the. Is this team a representative team of the United States of America? I ask you, is it Understand it's more comparative. It's the French team. A representative team with the French. Watch it. You tell me. We're in a fight and a battle for our civilization. We have to make some hard calls. We have to take some tough positions. I don't want to be lionizing an anchor baby just when we had the frickin Supreme Court of this nation essentially help destroy this country. Because it's Bush think it's John Roberts and Coney Barrett. Bush think the Bushes have always been open border. This is the problem you got down to Texas. This is the fight that people have all the time down in Texas. Don't ask me, ask the grassroots down in Texas. Okay, we're going to take a short break. We're going to get the show back on track. Degrasse is here to show us a battle map. I got Joe Allen, AI. We got a lot going on. We're going to try to cram it all into one hour of perfection. By the way, the clock worked perfectly. Now realize what happened. We're blowing brakes. Blowing brakes here. Real America's voice. The war room going to leave you with this song. I'm telling you, listen to this song. Embrace this song. It's a power ballad. One nation.
Donald Trump
Under God May we always be the home of the brave and the land of the free.
Steve Bannon
For every battle blood was lost Darkness from every cup Sea to shining sea
Donald Trump
One nation under God we're united, strong and free.
Steve Bannon
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Date: July 6, 2026
Host: Steve Bannon
Main Guest: Donald J. Trump
Theme: Launch of the “Trump Accounts” and their transformational impact on American investment and youth; discussion of economic policy, the Ukraine war, international affairs, and cultural/political commentary.
This episode centers on the official launch and rollout of “Trump Accounts” — a federal investment platform for American children, seeded by government and philanthropy, designed to give every young citizen a direct economic stake in the country. President Trump, live from the White House, details the vision, implementation, and potential of these accounts. The conversation shifts to pressing international issues (Ukraine, Iran), U.S. energy policy, technological leadership (AI, crypto), and cultural moments (including the FIFA World Cup). Bannon and Trump frame these policies as part of a broad strategy to foster patriotism, economic literacy, and counter cultural and ideological adversaries.
On Transformational Investment:
“This is absolutely transformational…We have to remember those who signed that document 250 years ago—they understood America was actually an investment before it was a nation.”
— Trump [01:19; 02:17]
On Children and Hope:
“They're going to have great hope. It's the American dream. It's a big part of the American dream.”
— Trump [05:00]
On America’s Economic Leadership:
“Crypto is the same thing. If we didn’t do it, China would do it. It’s a massive industry.”
— Trump [26:30]
On Philanthropy and Entrepreneurship:
“Think of it. They gave $6,250,000,000. And there's a rumor he's giving more. I don't know if it's true…But started with no money. He had a great brain, which is, you know, that's better than money, I think.”
— Trump [12:00]
On Policy’s Educational Effect:
“It's going to teach children to be entrepreneurial as opposed to the threat of communism.”
— Trump [11:30]
On the role of government:
“We don't want to have a universal basic income. That is not the American project…Government shouldn't have... It should be passed through directly to citizens and everybody should have a Trump account.”
— Bannon [57:10–57:20]
| Timestamp | Segment \ Topic | |------------|-------------------------------------------------------| | 00:00–05:00| Trump details Trump Accounts rollout and vision | | 05:00–11:00| Press Q&A: War in Ukraine, economic strategy | | 11:00–13:50| Education, entrepreneurship, and American Dream | | 13:50–22:08| FIFA World Cup red card controversy, sports as soft power | | 22:08–28:40| Crypto, technology policy, and energy infrastructure | | 33:11–36:08| Philanthropy (SpaceX, Elon Musk), TikTok, social media| | 36:08–41:16| Infrastructure, new White House helipad | | 41:16–43:22| FIFA decision’s precedent and national implications | | 54:43–58:30| Bannon on “Trump Accounts,” American equity, anti-oligarchy| | 58:30–end | Bannon on national identity, citizenship, closing |
This episode marks the high-profile launch of Trump Accounts, positioned as a generational investment in American children and a “brilliant start” to combat wealth concentration and ideological adversaries. Trump and Bannon intertwine policy details with historical resonance, populist critique, and forward-looking optimism—arguing that, by giving every child a stake in the nation, America renews its promise and prepares to “make the next 250 even better than the first.”