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00:00to the July 4th week. And with the incoming Trump economic boom, the stock market continues to roar
00:06back with the S&P 500 and the Nasdaq both hitting record highs. And on this point of an economic
00:13boom, I bring to you original correspondence from the President of the United States to our Fed
00:18Chair, Jerome Powell. As the President has consistently stated, the American economy is
00:24booming. And there were so many economic analysts who said that this President's policies would
00:28drive our economy down when in fact we have seen the opposite. We've seen a massive deregulation
00:33campaign take place. We've seen inflation completely diminished from where it was under the reckless
00:39spending and the bad policies of the previous incompetent administration. I would remind the
00:44Fed Chair and I would remind the entire world that this is a President who was a businessman first
00:49and he knows what he is doing. He has a proven economic formula that worked in his first term
00:54his President and it is working again. The one problem that remains is high interest rates for
00:59the American people. The American people want to borrow money cheaply and they should be able to do
01:04that. But unfortunately, we have interest rates that are still too high. So the President sent this note
01:09to the Fed Chair today. And if you look at this chart, this is a chart of all of the interest rates
01:14of many countries throughout the world. At the top is Switzerland. They're only paying a quarter
01:19for interest rates. Cambodia, Japan, Denmark, Thailand, Botswana, Barbados, Taiwan, Bulgaria,
01:27Cuba, Sweden, Morocco, Cabo Verde, South Korea, Algeria, Canada, Albania, Libya, Malaysia, China,
01:35New Zealand, Trinidad and Tobago, Czechia, Bolivia, Australia, Costa Rica, the Bahamas, Kuwait,
01:41Papua New Guinea, Bosnia, United Kingdom and the UAE are all paying lower interest rates than the United States
01:48of America, which has one of the hottest and strongest economies in the world. The President
01:54sent this note to the Fed Chair. It says, Jerome, you are as usual too late. You have cost the USA
01:59a fortune and continue to do so. You should lower the rate by a lot. Hundreds of billions of dollars
02:04are being lost and there is no inflation. And the President is right. There is historically low
02:10inflation thanks to his policies. And we will continue to drive down the cost of living in this
02:15country for Americans. We will continue to deregulate. And it's also incredibly important
02:20that we pass this one big, beautiful bill, which is the largest tax cuts in

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