➡ The text discusses the benefits of lowering interest rates, especially during times of low inflation. Lower interest rates can stimulate economic activity by making it cheaper for people and businesses to borrow money for investments, such as buying homes or starting businesses. This increased activity can lead to more revenue for businesses and the government. The text also argues against hoarding cash, as it can hinder economic growth, and emphasizes the importance of understanding how money works.

➡ The speaker discusses the importance of balancing quality and quantity in product creation, using the example of video content. They suggest that producing more videos with slightly fewer views can be more profitable than fewer videos with more views. However, this depends on understanding the cost and benefit of each video. The speaker also mentions that having many subscribers doesn’t necessarily mean making a lot of money, as it’s crucial to understand the quality versus quantity equation.

Trump. Trump and Jerome Powell. Trump pulled up on Jerome Powell. And this is what happened. Make sure y’all hit a like for the algorithm. Subscribe to the channel when turning your notifications. And let’s get into it. So we’re taking a look and it looks like it’s about 3.1 billion. It went up a little bit. Or a lot. So the 2.7. Hey look at Jerome. This is my first time watching this. Yo, why is Jerome Powell doing like this? So we’re taking a look and it looks like it’s about 3.1 billion. It went up a little bit.

Or a lot. So the 2.7 is now 3.1. I’m not aware of that. Yeah, I haven’t heard that from anybody since then. Yeah, it just came out. I know it’s at about 3.1 and 12. 3.1, 3.2. This came from us? Yes. I don’t know who does that. Are you including the Martin renovation? You just added it in the third buildings. That’s the third building. It’s a building that’s being built. No, it was built five years ago. We finished Martin five years ago. It’s part of the overall work. So we’re going to take a look. They really don’t like each other.

Jerome Powell and Trump genuinely don’t like each other. Genuinely don’t like each other. Now, I hate to say this because I know that y’all going to feel some type of way about it, but I’m going to say it that Trump is right. The entire project itself includes another building that was also a part of it. And so when you do a building estimate or do you do an estimate, you can’t segment it out and say, well, this part isn’t a part of it because it already got finished. No, it’s an overall project. The overall project, the budget for the project was a certain amount and apparently it more than doubled.

And so just because you don’t necessarily care for the rhetoric or the language, this is the problem that we be having on after hours. This is the problem that we be having on after hours. You know what the problem is that we have on after hours? I’ll be, I’m going to be glad when we get past it, but this is what it is. The problem that we have on after hours is we’re specific on language and rhetoric. We are specific on language and rhetoric. And so you have to be detailed after hours is teaching me how to communicate and to be very careful with my words before I ever even say anything.

I have to articulate my argument. I got to run it back through AI in order to make sure that my definitions are clear because boy, we will start going down this deep dive and we going to start getting into the, to the nitty gritty of what this word is versus this word. And it ain’t no, ain’t no way. We just understand what it is. We just going to have a conversation. Oh, it gets, it gets, it gets different on after hours. Yes, it do. I’m, I am, I’m going to be 10 times down, 10 times up, knowing exactly what I mean, what I say before I say it and how I say it, because that’s the garlic after hours is the new gauntlet.

How is the new gauntlet? Yes, it is to what’s happening. And it’s got a long way. You expect any more additional personnel ones? Don’t expect them. We’re, we’re ready for them, but we, we have a little bit of a reserve that we’ll, we may use, but no, we don’t expect to be finished in 2027. We’re well along as you can see. Nice to take these off every once in a while when we’re not under too much danger. So any questions? As a real estate developer, what would you do with a project manager who would be over budget? Generally speaking, what would I do? I’d fire them.

Do you think it’s a huge president who wants to do that? Well, I’m here just really with the chairman. He’s showing us around showing us the work. And so I don’t want to get that. I don’t want to be personal. I just would like to see it get finished. And in many ways it’s too bad it started, but it did start and it’s been under construction for a long time. It’s going to be, it’s going to be a real long time because it looks like it’s got a long way to go. Are there things the chairman can say to you today that would make you back off some of the earlier criticism? Well, I’d love him to lower interest rates.

Other than that, what can I tell you? The country is doing really well. I just briefed the chairman of the deal we made with Japan. Japan is putting up $550 billion in order to lower their tariffs a little bit, that way they have a little bit lower tariff. And they also opened their country to free trade, which nobody thought was even a possibility. And we get a zero tariff in the free trade. We don’t pay tariffs and they’re going to pay 15% on everything they send into our country. So it’s great.

But they put up as you could call it seed money. Let’s call it seed money. You can call it anything you want, but it’s a total of $550 billion. So nobody thought any of that was possible. And it’s wonderful. And we’re doing pretty well with the European Union, likewise. And we have some others. They’re all really big. And our country is going to make a lot of money. We would be helped if interest rates would come down, but we’re going to see how the board rules on that soon. I’d love to see them come down a lot.

But we have a country that’s thriving. We had a dead country one year ago today. We have the hottest country anywhere in the world. I think that you’re never going to get a situation where Trump and Jerome Powell ever like each other. I don’t think that Jerome Powell likes Trump. I don’t like Trump like Jerome Powell. But the question that you have to ask yourself is, are they effective at what they do? And is it going to translate into what being better for the United States of America, which ultimately we are the ones that’s going to be the beneficiaries if it does.

I think that this project is stupid, obviously. They started this project and building this project. Let me see how long that broke ground in 2022. They say initially the estimated cost of this renovation is $1.9 billion. Now it’s ballooned to closer to $3.1 billion. The renovation of the Fed is costing closer to $3.1 billion. Everything with the federal government just explodes, bro. Every single thing with the federal government explodes. If you get an estimate and they say, well, this is going to cost this, just double it. Just double it. Every single thing with the federal government, it takes twice as long and it costs twice as much every single time.

I almost think that contractors and people that bid on some of these projects know that there’s going to be cost overruns and then they automatically build that into the possibility of being able to extend the project and making way more money as a result of it. Every single time broke ground in 2022 and it’s not even going to be done until 2027. That’s insane, bro. Phenomenal. It’s phenomenal if you get a government contract, 100%. Also, don’t understand why we’re not lowering interest rates. That’s the one thing that I’m really trying to understand.

We are doing really well as far as how we rocking out as a country. If we lower interest rates, that would absolutely blow everything out of the water. Anton, how would that blow everything out of the water? Because it would make us more nimble when it comes to the cost of money. The problem right now is that the reason why we have higher interest rates is the Biden administration raised interest rates in order to try to combat record inflation during his term. They were hiring all of these people for the federal government. We didn’t have any private sector growth.

We were being taken advantage of the trade deals, and so everybody was benefiting outside of the United States of America. We also had illegal migration into the country, couldn’t really control the budget, and inflation was going out of control. I remember y’all whining. 2021, 22, 23, y’all were whining. When Trump was in office the first time, we had record low inflation. It was below 2%. When Biden got in the office, in some places, it was estimated to be in the teens. The average universally, as far as the things that they were using as metrics to determine what inflation was, at some points hit 9% and 10%, which was insane.

What happened was the Fed started to raise interest rates in order to combat inflation and to basically make it more difficult for people to borrow money, and then it slowed up all of the growth and the progress when it came to the private sector. What Trump is saying is that we got inflation down in record amount of time, and so it’s around or a little bit below 2%. On average, it’s around 2%, which a lot of people say that that’s the perfect rate of inflation. We haven’t lowered interest rates, though, so we got more revenue coming into the country, we got more investment coming into the country, we got builders building homes, we got loans going out, but you guys, the consumers, are the ones that are paying egregious interest rates, and it applies to everything.

It applies to your cars, it applies to the home loans that you get, it applies to the personal loans that you get, it applies to the interest rates that the cities pay when it comes to financing or the debt that they have on hand. So when Chicago says, okay, well, we got a $1.14 billion deficit, or when LA say we got a billion dollar deficit, that also does not necessarily include the interest that they have to pay on the bonds and the loans that they’ve already taken out in order to fund some of the stuff that they have inside of the city.

So lowering interest rates would free up more money, whether it be the cities and what they’re paying in order to continue to finance, or the banks and how it is that they need to propose loans, or the interest rates that you plan, paying on your credit cards, or what it is that you are financing with your car, and how much the interest rates is on homes. Lowering interest rates in times where there’s low inflation is a way to really unlock your community and to unlock the economy to make sure that we run it up a bag.

So Trump is very heavy on trying to push your own pile to basically lower interest rates so that we can have a lower cost of doing business, because money is cheaper. That’s what they mean when they say money is cheap. Money is cheap right now. All zero interest rates, because you can allocate more money to make more money, and it don’t cost you as much in order to do business. It don’t cost you as much in order to do cars. Y’all, a lot of times people, let me break this down for y’all, a lot of times people are always worried about the cost of a new car.

How much the cost of a home is. That’s not the problem. The problem isn’t the price of things. The problem is the amount that it costs you to finance it and what you’re going to pay at the end of whatever it is that you bought. Now I’m not going to sit here and say it doesn’t matter. The price itself don’t matter, but the cost of doing business is what people, people need to really educate themselves on how money works. The cost of doing business, because most of the interest is front loaded on the loan.

That means that you’re going to be paying when you first take out that loan, whether it be your house or whether it be your car or whether it be a personal loan. You’re going to be paying the majority of interest until you can start to eat into the principal more. If you look at your interest rate, if you look at your statement for your car, you’re paying majority interest. You’re paying majority interest. Somebody said lowering rates accelerates economic collapse. That’s not true. That has never been true. That has never been true at all. Lowering interest accelerates economic growth.

It accelerates economic growth because it spurs economic activity, and when you have money moving around, that is when you know that a society is prospering. When money moves around faster, that means it circulates amongst the people. When people reserve how it is that they spend money and they hoard money, that is the fastest thing to make sure that people are not generating revenue. I’ll give you an example. When LeBron James left Cleveland the first time, they say that it shut down economic activity. Whenever you see that somebody say, oh man, we’re about to host the Olympics, or we’re about to do this, we’re about to do this, or we got an event coming, they estimate the economic activity of what happens in there because people are more willing to spend money.

People are willing to take flights. They’re willing to go shopping. They’re willing to invest in a business. They’re willing to expand in a business, which then generates more revenue for business owners. That means that people are more willing to open up additional businesses because you need supportive services. It means that you’re going to have more flight attendants. You’re going to have more hotels. You’re going to have more hotel workers. You’re going to have more small businesses that benefit from it. You’ll have more restaurants that open up because you have more events and people coming in there.

You’re going to have a lower interest rates, which means that they can invest more money into refurbishing the facilities, which then give more construction jobs and pull more permits, which generate more revenue inside of the city because they have more coming in. You have more homes being built inside of the city instead of vacant properties because you’ve opened up the opportunity for people to pull money out so that they can start spending money on things that’ll make them more money. So economic activity will actually generate more revenue because more people have the dollar circulating around them because money is cheaper to move.

When you lock up money, that means you lock up the possibilities of generating revenue because nobody is touching nothing. That’s why interest rates being low is a good thing. That’s why lower taxes is a good thing because it spurs economic activity. You’re willing to spend more money to make more money, which ultimately gives you more money to then spend on the things that you like and vacations and cars and clothes and doing stuff because money moving around spurs economic activity. Hoarding cash is the last thing that people want to do. Hoarding cash is the last thing that you want happening within your society or your culture or your city or the government.

You want money to be moving. You want money to continuously move because everybody get richer, everybody have a better time, everybody have more economic activity. That’s what happens. And the cheaper that money is to borrow because inflation is low, the better off we are as a society because people then are incentivized to do more with whatever it is that they want to do. So, you know, you got to really educate yourself on how money works. That’s the reason why we need lower taxes because Democrats will say or liberals will say, well, we need to tax more money and take more money from people in order to give it out to people.

No, that’s not how it works. You incentivize people to generate more revenue on their own bias, spurring more economic activity. If he’s paying less in taxes, that means that he has more money to spend and invest inside a society which then generates more revenue for whatever city that they live in or for whatever state that they live in. That’s why everybody is leaving California. California had to turn back on these movie credit incentives in order to get people to, you know, get more films being made inside of Hollywood because it put more workers.

They have to shut down streets. They have to pull more permits. They have to keep their business inside of California because they have these tax incentives for movies because it’s Hollywood and they have more economic activity and you have more visitors wanting to come and see the walk and all of this other type of stuff. You need money moving around. You have to have money moving around. You don’t have money moving around. You’re dead in the water. You’re dead in the water. If nobody is going out to small businesses to spend money because everybody is trying to reserve, then it’s all going to be messed up.

It’s not just the incentives alone. Come on, man. Come on. I need y’all to. Don’t worry about it. Anyways, make sure you guys hit a like for the algorithm. Subscribe to the channel and turn on notifications. If the tax on the brick go down, what’s the deal is going to do? Buy more facts. Facts. That is 100% true. Think about it, right? It’s, I don’t want to do the drug references, but let’s use cars. Who’s the most profitable automaker? Y’all don’t use, I have to use chat GBT. We just going to go ahead and guesstimate at points.

They say Portia was the most profitable automaker because Portia and when they say profitable, they’re saying that the cost, right? The cost of what it is that it takes for them to make a vehicle versus what they sell it for. Why did Portia make the Cayenne? Their margins were the highest, right? Meaning that the cost for them to make a car versus what they sell it for, but they were a low volume automaker. So what they did was they made the Cayenne. The Cayenne gave them the opportunity to increase volume at a lower cost, right? The Cayenne didn’t cost as much as the 911.

You understand what I’m saying? The Macan or the McCann didn’t cost as much as the Cayenne. And so it, it allowed for them to break a barrier to where they can still have decent margins, move more product and increase, increase profitability, right? You got to have a strong balance between how much product that you want to use quality versus quantity, quality versus quantity. Some people will drop a video and it do a hundred thousand views and they say, well, it didn’t take as much as time for me to do it. I’ll drop one video every two or three days.

I’m going to drop six videos that do 75,000 views a piece. Now I have to start playing with my margins. How much time do it take for me to make it? How can I make this a look? I’m not going to get into that. I’m not going to get into it. It’s a lot of people that got a lot of subscribers, but they don’t make a lot of money. It’s a lot of people that got a lot of subscribers that don’t make a lot of money. They have a lot of visibility. They have a big number, but it doesn’t necessarily translate because they don’t really understand the quantity versus the quality equation.

And they don’t have, they don’t really know the cost benefit analysis of what it is that they putting out the product that they putting out in the product is the same. Don’t matter if you’re a dope boy, it don’t matter if you’re a content creator, don’t matter if you, if you’re a volume dealer, when it comes to a restaurant, margins, quality product, cost benefit analysis. We’re not going to get into that because that’s Patreon level content. And I’m not going, I’m not going to deep dive into that. We going, we going to get into that this weekend when it comes to the content creation live streams that we going to do, but I’m not going to get into it.

I’m not going to get into it. We’ll talk about it later anyways. [tr:trw].

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