Are you implying that the Fed and the Treasury are working to basically put more, infuse more liquidity into the system to help Biden in his reelection?

I'm making two different, or I am seeing the shades of gray.

And with Yellen, she is a political appointee. In an editorial or a piece I wrote

two years ago, I called her three years ago, I called her one of America's great public servants.

In my letter yesterday, I called her a political apparecheic. And she has crossed the Rubicon and is clearly on a political mission.

Scott Bessent, because all week long it's been who's going to be Donald Trump's Treasury Secretary.

And even though there are many, many outlandish or unqualified picks,

Scott Bessent is a super qualified guy.

Now, a week ago, when the battle was between Howard Lutnik and Scott Bessent,

Lutnik's camp was trying to crush Bessent because he once worked for George Soros.

But the absurdity of that is, if you actually want someone, and I'm not saying you should,

but if you want someone from the investment community, anybody who's a true baller has either worked for Soros, Julian

Robertson, or Michael Milken. That's where we are. So the argument that he was once with Soros is silly.

But I want to ask you, Scott Besson is unlikely to buy in to the mega tariffs and the plans that Donald Trump wants.

And what we need is a Treasury Secretary who's going to create stability.

So what's going to go down here?

Well, we don't really know yet because Besson, like other people in the Trump camp, has talked out of both sides of their mouth on tariffs.

Okay.

On the one side, they say, look, America used to be funded with tariffs.

Alexander Hamilton was a tariff guy, so we're going to get funding from tariffs.

On the other hand, they talk about it as a negotiation tool.

You can't have tariffs as a revenue.

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