Episode 824: Cutting Waste in the Federal Government
Newt's World
Gingrich 360
4.7 • 6.3K Ratings
🗓️ 23 March 2025
⏱️ 32 minutes
🧾️ Download transcript
Summary
Newt talks with Charles Thorngren, CEO of Legacy Precious Metals, about the Department of Government Efficiency (DOGE) led by Elon Musk, aimed at cutting wasteful spending in the federal government and saving taxpayers money. Charles discusses the challenges and potential of DOGE's $2 trillion dollar savings goal, the impact of proposed tariffs by President Trump, and the broader economic implications. Their conversation also touches on the importance of a diversified investment portfolio, particularly the role of gold and silver in providing stability during economic turmoil. Additionally, a special offer is highlighted for listeners interested in rolling over their IRA into a precious metals account, including a collectible Contract with America silver coin.
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Transcript
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| 0:00.0 | Hi, this is Newt. Gold has broken several record highs this year, and Legacy Precious |
| 0:04.2 | metals is the company I personally invest with. Together, we created the official contract with |
| 0:08.8 | America's silver coin that commemorates our historic House victory in 1994. Supplies are limited, |
| 0:14.7 | and this commemorative coin will sell out. Go to LegacyPMinvestments.com or call them at |
| 0:20.2 | 866-484-403 to get yours today. Tell them I sent you, |
| 0:25.0 | and they'll send you a free contract with America coin on all qualified IRA rollovers. |
| 0:35.9 | On this episode of NUTS World, Washington, D.C., the mainstream media, and federal government |
| 0:42.1 | employees across the United States have been buzzing about the Department of Government |
| 0:46.2 | Efficiency, or Doge, as it's known. Doge's goal is to cut wasteful and excessive spending |
| 0:52.9 | in the federal government and save U.S. taxpayers' money. |
| 0:57.0 | But Elon Musk's Doge team is encountering some pushback in their efforts to take on the bureaucracy. |
| 1:04.0 | Here to discuss Doge and President Trump's proposed tariffs, I'm really pleased to welcome back my guest, Charles Thorngren, founder and |
| 1:12.8 | CEO of Legacy Precious Metals. |
| 1:22.8 | Charles, welcome, and thank you for joining me again on Neutzt's World, particularly at a time of extraordinary change. |
| 1:29.0 | It's always a pleasure and very informative talking with you. |
| 1:32.7 | Oh, thank you for having me. It's my pleasure, as always, and it is most certainly interesting times. |
| 1:37.9 | Well, you're based in Texas. What are you hearing about Elon Musk's Doge efforts there? |
| 1:43.9 | It's interesting. |
| 1:44.9 | I think when you look at what he's trying to accomplish here in Texas, we understand that |
| 1:50.9 | waste and fraud is always in the way. |
| 1:53.5 | So the fact that someone who has no direct attachment to it is going after the system to create a place where there's equity |
| 2:03.7 | fairly assigned to where it belongs. Programs are fairly funded and removing the waste |
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