Video Transcript:

good morning everyone how much has changed in such a short time a year ago I stood here in front of you in solitude and spoke some truths about the state of the western world that were met with some surprise and astonishment by much of the political economic and media establishment of the West and I must acknowledge that in some sense I understand it a president of a country that as a result of systematic economic failure for more than 100 years as a result of taking panim stances in major Global conflicts and as a result of closing ourselves off to trade had practically lost all International relevance over the years a president of the country stands on this platform and tells the whole world that they are wrong that they are heading for failure that the West has gone astray and must be redirected a president of that country Argentina who was not a politician who did not have legislative support who did not have support from Governors businessmen or media groups in that speech here standing in front of you I told you that it was the beginning of a new Argentina that Argentina had been infected with socialism for too long and that with us it was going to embrace the ideas of Freedom again a model that we summarized in the defense of life liberty and private property and I also told them that in some sense Argentina was the Ghost of Christmas’s Futo for the West because we had already experienced everything you were going through and we already knew how it ended one year later I must say that I no longer feel so alone I don’t feel so alone because the world has embraced Argentina Argentina has become a global example of fiscal responsibility commitment to our obligations how to solve the problem of inflation and also a new way of doing politics which consists of telling people the truth to their face and trusting that people will understand I also don’t feel alone because throughout this year I’ve been able to find companions in this fight for the ideas of freedom in every corner of the planet from the wonderful ilon mus to the fierce Italian lady my dear friend Georgia Mone from bu in El Salvador to Victor Orban in Hungary from Benjamin Netanyahu in Israel to Donald Trump in the United States slowly an International Alliance has been forming of all those Nations that want to be free and that believe in the ideas of freedom and slowly what seemed like an absolute Global hegemony of the left usan politics educational institutions media supranational organizations or forums like Davos has been crumbling today I come here to tell you that our battle is not won that although hope has been reborn it is our moral duty and historical responsibility to dismantle the ideological structure of the pernicious wokeness until we have managed to rebuild our historical Cathedral until we succeed in having the majority of Western countries embrace the ideas of Freedom again until our ideas of the common currency in the halls of events like this we cannot lower our arms because I must say forums like this have been protagonist and promoters of the Sinister agenda of WM that is causing so much harm to the West if we want to change if we truly want to defend citizens rights we first have to start by telling them the truth and the truth is that there is something profoundly wrong with the ideas that have been promoted from forums like this I would like to take a few minutes today to discuss some of them today few people deny that Winds of Change are blowing in the west there are those who resist change there are those who reluctantly accept it but accept it nonetheless there are the new converts who appear when they see it as inevitable and finally there are those of us who have fought a lifetime for its arrival each of you will know which group you identify with surely there is a bit of each in this Auditorium but all will surely recognize that the time for change is knocking at the door historical moments of change have particularity there are times when formulas that were valid for decades are exhausted the ways considered unique for doing things cease to make sense and what for many where unquestionable truths are finally put into question these are moments when the rules are IR written and that’s why there are times that reward those who have the courage to take risks but a good part of the Free World still prefers the comfort of their known even if it is the wrong path and insist on applying the recipes of failure and the great unveil that appears as a common denominator in the countries and institutions that are failing is the mental virus of woke ideology this ideology has colonized the most important institutions in the world from the parties and states of the fre countries of the West to Global governance organizations including non-governmental institutions universities and media and it has also shaped the course of global convers ation over the past decades until we remove this baren ideology from our culture our institutions and our laws western civilization and even the human species will not be able to return to the path of progress demanded by our pioneering Spirit it is essential to break this ideological chains if we want to step into a new golden era that’s why today I want to dedicate a few minutes to destroying those chains but first let’s talk about what we are fighting for the West represents the peak of the human species the fertile ground of its Greco Roman Heritage and judeo-christian values planted the seeds of something unprecedented in history after definitively prevailing over absolutism liberalism inaugurated a new era in human existence within that new moral and philosophical framework that placed individual Freedom above the whims of the Tyrant the West Was was able to unleash the creative capacity of man initiating a wealth generation process never seen before the data speaks for itself until the year 1800 the world’s GDP per capita remained practically constant however starting from the 19th century and thanks to the Industrial Revolution the per capita GDP multiplied by 20 lifting 90% of the world’s population out of poverty even as the population multiplied was only possible thanks to a conversion of fundamental values respect for life liberty and property which made free trade freedom of expression religious freedom and the rest of the pillars of Western Civilization possible added to this our fan inventive Spirit Explorer Pioneer which is always testing the limits of the possible pioneering spirit that today is represented among others by my dear friend Elon Musk who has been unjustly vilified by the wow culture of recent hours for an innocent gesture that only signifies his enthusiasm and gratitude towards people in short we invented capitalism based on saving investment work reinvestment and hard work we managed to enable Le worker to multiply their productivity by 10 by 100 or even why not by 1,000 thus overcoming the Malian trap however at some point in the 20th Cy we lost our way and the liberal principles that had made us free and prosperous were betrayed a new political class supported by collectivist ideologies and taking advantage of moments of Crisis so a perfect opportunity to accumulate power all the wealth created by capitalism up to that moment and in the future would be redistributed under some centralized planning scheme where the initial starting point led to a process whose harmful consequences we are suffering today pushing a socialist agenda but in seriously operating within the liberal Paradigm this new political class distorted the values of liberalism thus they replace Freedom with Liberation using the coercive power of the state to distribute the wealth created by capitalism their justification was a Sinister unjust and a barent idea of social justice compliment mented by Marxist theoretical Frameworks whose aim was to free the individual from their needs and at the core of this new value system the fundamental premise is that equality before the law is not enough as there are hidden foundational injustices that must be rectified which represents a gold mine for bureaucrats with aspirations of omnipotence in this fundamentally con cism it is the result of the inversion of Western values each of the pillars of our civilization was chained by a distorted version of itself through the introduction of various mechanisms of cultural subversion from the negative R to life liberty and property we moved to an artificially infinite number of positive rise first it was education then housing and from there ridiculous things like access to the internet television broadcasting of football theater cosmetic treatments and countless more desires that turned into fundamental human rights rights that of course someone has to pay for and that can only be guaranteed through the infinite expansion of the aaran state in other words from the concept of Freedom as the fundamental protection of the individual against the intervention of the Tyrant we have moved to the concept of Liberation through the intervention of the state on this Foundation was buil gismo a regime of single thought supported by various institutions whose purpose is to penalize the end feminism diversity inclusion Equity immigration abortion environmentalism gender ideology among others are heads of the same creature whose aim is to justify the advancement of the state through the appropriation and Distortion of noble causes let’s look at some radical feminism is a distortion of the concept of equality and even in its most benevolent form it is redundant because equality before the law already exists in the west everything else is a quest for privileges which is what radical feminism truly seeks setting one half of the population against the other when they should be on the same side we have even reached the point of normalizing that in many supposedly civilized countries if one kills a woman it is called femicide and that carries a harsher penalty than if one kills a man just because of the victim sex legalizing in practice that a woman’s life is worth more than am man waving the flag of the gender pay Gap but when you look at the data it’s clear there’s no inequality for the same task rather most men tend to be in better paid professions than most women however they do not complain that the majority of prisoners are men nor that the majority of plumbers are men nor that the majority of robbery or murder of victims are men and not to mention the majority of people who died in wars but if one raises these issues in the media or even in this forum we are labeled as misogynists just for defending a fundamental principle of modern democracy and the rule of law which is equality before the law and the facts aism moreover is manifested in the Sinister radical environmentalism and the flag of climate change preserving our planet for future Generations is a matter of common sense no one wants to live in Adam but once again guismo managed to pervert that basic idea from preserving the environment for the enjoyment of human beings we have moved to a fanatical environmentalism where human beings are seen as a cancer that must be eradicated and economic development is viewed as almost a crime against nature however when one argues that the Earth has already had five cycles of abrupt temperature changes and that in four of them humans did not even exist they label us as flat earthers to discredit our ideas regardless of the fact that science and data are on our side there is no coincidence that these same people are the main promoters of the bloody and murderous gender of abortion an agenda designed based on the malthusian premises that overpopulation will destroy the Earth and therefore we must Implement some form of population control in fact this has already been pushed to such an extreme that today on the planet it is starting to become a problem the population growth rate what a us they set themselves with these aberration of abortion from these forums the LGBT agenda is promoted trying to impose the idea that women are men and men are women just if they self-identify as such and they say nothing about when a man dresses up as a woman and kills his rival in a boxing ring or when a prisoner claims to be a woman and ends up assaulting any woman he Encounters in prison just recently a few weeks ago the case of two American homosexuals made head lines worldwide who under the banner of sexual diversity were sentenced to 100 years in prison for abusing and filming their adoptive children for more than 2 years I want to be clear that when I say abuses it is not a euphemism because in its most extreme forms gender ideology constitutes plain and simple child abuse they are pedophiles therefore I want to know who endorses those behaviors they are irreversibly harming healthy children through hor monal treatments and mutilations as if a child of 5 years old could give their consent to such a thing and if it happens that their family does not agree there will always be State agents ready to intervene in favor of what they call the best interest of the child believe me the outrageous experiments conducted today in the name of this criminal ideology will be condemned and compared to those that took place during the darkest times of our history covering this multitude of object practices is the Eternal victimhood always ready to shoot accusations of homophobia transphobia and other inventions whose sole purpose is to try to silence those who denounce this Scandal that National and international authorities are complicity on the other hand in our businesses public institutions and educational institutions Merit was set aite for the doctrine of diversity which implies a regression towards the nobility systems of the quotas are invented for whichever minority politicians think of which only undermines the Excellence of these institutions gismo has also distorted the ca of immigration the free movement of goods and people is foundational to liberalism we know this well Argentina the United States and many other countries became great because of those immigrants who left their homelands in search of New Opportunities however instead of trying to attract foreign talent to promote development we have moved to mass immigration driven not by national interest but by guilt the West is the supposed cause of all the evils in history it must redeem Itself by opening its borders to everyone necessarily culminating in a reverse colonization that resembles Collective suicide thus we see today in images of hordes of immigrants who abuse rape or kill European citizens who only committed the sin of not adhering to a particular religion but when someone questions these situations they are labeled as racist xenophobic or a Nazi haiso has deeply penetrated our societies promoted by institutions like this one to the point of even questioning the very idea of sex through the harmful gender ideology this has led to even greater State intervention to absurd legislation such as the requirement for the state to finance hormones and missionary surgeries to fulfill the self-perception of certain individuals only now are we seeing the effects of an entire generation that mutilated their bodies promoted by a culture of sexual relativity and will have to spend their entire lives in psychiatric treatment to face what they’ve done to themselves but no one talks about these issues not only that they have also subjected the vast majority to be slaves to the mistaken self-perceptions of a tiny minority and furthermore workism intends to hijack our future because by dominating the professorships of the most prestigious universities in the world it is shaping the elites of our countries to challenge and deny the culture ideas and values that made us great further damaging our social fabric what is left for our future if we are teaching our young people to feel ashamed of our past all this was incubated and developed increasingly noticeably during the last decades after the fall of the Berlin Wall curiously free countries began to self-destruct when they were left without adversaries to the peace made us weak we were defeated by our own complacency all these other abars that due to time constraints we cannot least are what today threaten the west and are unfortunately the beliefs that institutions like this have promoted for 40 years here no one can Fain innocense they have worshiped for decades a Sinister and murderous ideology as if it were a golden cuff and have moved heaven and Earth to impose it upon Humanity this very organization and also the most influential supranational bodies have been ideologues of this barbarity the multilateral credit organizations have been an extortion at arm and many nation states particularly the European Union have been and are and armed are or perhaps in the United Kingdom right now are they not imprisoning citizens for revealing truly horrifying abh horen crimes committed by Muslim migrants that the government wants to hide or did the bureaucrats of Brussels not suspend the elections in Romania in the face of each of these discussions W ISM tries to discredit those who question these things first by labeling us and then censoring us if we are white he must be racist if you are a man you must be misis or a member of the patriarchy if you are rich you must be a cruel capitalist if you are heterosexual you must be heteronormative homophobic or transphobic for each questioning they have a label which they then try to censor because beneath the discourse of diversity and democracy and tolerance that they claim to wield what truly lies hidden is the Manifest desire to destroy dissonance criticism and essentially freedom to continue supporting a model from which they are the main beneficiaries or have we heard these days how certain important European authorities rather leftly mean to put it one way openly call for censorship or that there is actually no censorship but those who think differently from the woke ideology must indeed be silenced a what of society can result from wokeism a society that replace the free exchange of goods and services with the arbitrary distribution of wealth at gunpoint replace free communities with Force collectivization replace the creative chaos of the market with a sterile and sclerotic Order of socialism a society full of resentment where there are only two types of people those who are net Tech payers on one side and those who are State beneficiaries on the other and I do not mean those who receive social assistance because they have nothing to eat I’m talking about privilege corporations about the bankers who were bailed out in the subprime crisis about most of the media about indoctrination centers disguised as universities about the state bureaucracy about the unions about social organizations about State dependent companies and about all sectors that live off the taxes paid by those who work I’m talking about the world that enra describes in Atlas rrug which unfortunately has materialized a scheme where the big winner is the political class which in turn becomes the Arbiter and interested party in this allegation I repeat the political classes Arbiter and interested party in this distribution and as always the one who distributes takes the best part we’re beneath cosmetic differences between the various parties they share interests Partners deals and an unwavering commitment to ensure nothing changes because that’s what they all call themselves The Party of the state A system that hides behind well-meaning speeches where according to them the market fails and they are the ones responsible for solving these failures with regulations force and bureaucracy but market failures do not exist I repeat again market failures do not exist given that the market is a mechanism of social cooperation where property rights are voluntarily exchanged the supposed market failures are a contradiction in their own terms the only thing that this intervention generates are new distortions in the price system which in turn hinders economic calculation savings and investment and consequently ends up generating more poverty or a tangle squalid with regulations for example like the one in Europe killing economic growth as I usually say in my presentations if you think there is a market failure go and check if the state is not involved and if you find that it is not do the analysis again because it is wrong for that reason since gisma is nothing more than a systematic plan by the state party to justify State intervention and increase public spending this means that our first crusade the most important if we want to recover the wte of progress if we want to build a new golden age must be the DraStic reduction of the size of the state not only in each of our countries but also the DraStic reduction of all supranational organizations because it is the only way to completely cut off this perverse system training its resources to return to the taxpayer what is theirs and end the selling of favors there is no better method than eliminating state bureaucracy so that there is no possibility to sell these favors the functions of the state must once again be limited to the defense of the right to life liberty and property any other function the state assumes will be to the detriment of its fundamental task and will inexorably culminate in the omnipresent laythan that we all suffer today today we witness a global exhaustion of this system that has dominated ated us for the past decades just as it happened in Argentina the only relevant conflict of this century and all those that have passed is intensifying in the rest of the world the conflict between free citizens and the political class that clings to the established order redoubling its efforts of censorship persecution and destruction fortunately in the entire free world there is a silenc majority that is organizing and in every corner of our hemisphere the echo of this Cry For Freedom resonates we are facing a change of era a copernican shift the destruction of one Paradigm and the construction of another and if globally influential institutions like this house want to turn the page and participate in good faith in this new paradigm they will have to take responsibility for the role they played in these recent decades and acknowledge the me kulpa that Society demands of them to conclude I want to speak directly to the leaders of the world to all those who lead both National States and large economic groups and international organizations both those present here and those listening from their homes the political formulas of recent decades that I have presented in this speech have failed and are collapsing on themselves everyone else reading what everyone reads saying what everyone says can only lead to error although there are still many who persist the script of the last 40 years has been exhausted and when a system is exhausted history opens up that is why to all global leaders I say this is the time to step out of that script it is time to be bold it is time to dare to think and to dare to write our own verses because when the ideas and texts of the present all say the same thing and say wrong things being brave means precisely being untimely it consists of going back of not being dazzled by the temporary losing sight of the universal it involves recovering truths that were obvious to our predecessors and are at the foundation of the civilizational success that the West has been but that the single thought regime of recent decades perceived as if they were heresies as Church Hill once said the further back we look the further forward we can see that is to say we need to encounter forgotten truths from our past to untie the N of the person and take the next step forward as a civilization towards the future and what do I see when I look back that we have to embrace once again the latest proven thesis of economic and social success that is the model of freedom to embrace the ideas of Freedom again return to liberalism that is what we are doing in Argentina that is what I trust president Trump will do in this new North America and it is what we invite all the great nations of the Free World to do who aim to timely stop what is clearly a path leading to catastrophe ultimately what I am proposing to you is that we make the West great again today just like 215 years ago Argentina has broken its chains and as our Anthem says invites All The Mortals of the world to hear the sacred cry fre freedom freedom freedom May the force of Heaven be with us thank you all very much and Long Live Freedom damn it well thank you very much Claus and hello to everyone in beautiful Davos this has been a truly historic week in the United States three days ago I took the oath of office and we began the Golden Age of America the recent presidential election was won by millions of votes and all seven every one of them all seven swing States it was a massive mandate from the American people like hasn’t been seen in many years and some of the political pundits even some of my so-called enemies said it was the most consequential election victory in 129 years that’s quite nice what the world has witnessed in the past 72 hours is nothing less than a revolution of Common Sense our country will soon be stronger wealthier and more united than ever before and the entire planet will be more peace F and prosperous as a result of this incredible momentum and what we’re doing and going to do my Administration is acting with unprecedented speed to fix the disasters we’ve inherited from a totally inept group of people and to solve every single crisis facing our country this begins with confronting the economic chaos caused by the failed policies of the last Administration over the past four years our government racked up 8 trillion in wasteful deficit spending and inflicted Nation wrecking energy restrictions crippling regulations and hidden taxes like never before the result is the worst inflation crisis in modern history and Skyhigh interest rates for our citizens and even throughout the world food prices and the price of almost every other thing known to mankind went through the roof President Biden totally lost control of what was going on in our country but in particular with our high inflation economy and at our border because of these ruinous policies total government spending this year is $1.5 trillion higher than was projected to occur when I left office just four years ago likewise the cost of servicing the debt is more than 230% higher than was projected in 20120 the inflation rate we are inheriting remains 50% higher than the historic Target it was the highest inflation probably in the history of our country that’s why from the moment I took office I’ve taken rapid action to reverse each and every one of these radical left policies that created This calamity in particular with immigration crime and inflation on day one I signed an executive order directing every member of my cabinet to Marshall all powers at their disposal to defeat inflation and reduce the cost of daily life I imposed a federal hiring freeze a Federal Regulation freeze a foreign aid freeze and I created the new Department of government I terminated the ridiculous and Incredibly wasteful Green New Deal I call it the green new scam withdrew from the one-sided Paris climate Accord and ended the insane and costly electric vehicle mandate we’re going to let people buy the car they want to buy I declared a national Energy emergency and it’s so important National Energy emergency to unlock the liquid gold under our feet and pave the way for Rapid approvals of new energy infrastructure the United States has the largest amount of oil and gas of any country on Earth and we’re going to use it not only will this reduce the cost of virtually all goods and services it’ll make the United States a manufacturing superpower and the world capital of artificial intelligence and crypto my Administration has also begun the largest deregulation campaign in history far exceeding even the record setting efforts of my last term in total the Biden Administration imposed $50,000 in additional regulatory costs on the average American household over the last four years I have promised to eliminate 10 old regulations for every new regulation which will soon put many thousands of dollars back in the pockets of American families to further unleash our economy our majorities in the House and Senate which we also took along with the presidency are going to pass the largest tax cut in American history including massive tax cuts for workers and family and big tax cuts for domestic producers and manufacturers and we’re working with the Democrats on getting extension of the original Trump tax cuts as you probably know by just reading any paper my message to every business in the world is very simple come make your product in America and we will give you among the lowest taxes of Any Nation on Earth we’re bringing them down very substantially even from the original Trump tax cuts but if you don’t make your product In America which is your prerogative then very simply you will have to pay a tariff differing amounts but a tariff which will direct hundreds of billions of dollars and even trillions of dollars into our treasury to strengthen our economy and pay down debt under the Trump Administration there will be no better place on Earth to create jobs build factories or grow a company than right here in the good old USA already Americans economic you can see this I think maybe even in your in your wonderful wonderful room that you’re all gathered together so many of my friends but Americans the economic confidence is soaring like we haven’t seen in many many decades maybe not at all upon my election it was just announced that small business optimism skyrocketed by 41 points in a single month that’s the highest ever there’s never been anything like that soft bank has announced between a $1200 billion investment in the US economy because of the election result and just two days ago Oracle soft bank and open AI announced a $500 billion investment in AI infrastructure other companies likewise have announced billions and billions and billions adding up to trillions of investment in America in the United States and it’s also reported today in the papers that uh Saudi Arabia will be investing at least $600 billion in America but I’ll be asking the Crown Prince who’s a fantastic guy to round it out to around 1 trillion I think they’ll do that because we’ve been very good to them and I’m also going to ask Saudi Arabia and OPEC to bring down the cost of oil you got to bring it down which frankly I’m surprised they didn’t do before the election that didn’t show a lot of love by them not doing it I was a little surprised by that if the price came down the Russia Ukraine war would end immediately right now the price is high enough that that war will continue you got to bring down the oil price you got to end the that war they should have done it long ago they’re very responsible actually to a certain extent for what’s taking place millions of lives are being lost with oil prices going down I’ll demand that interest rates drop immediately and likewise they should be dropping all over the world interest rates should follow us all over the progress that you’re seeing is happening because of our historic victory in a recent presidential election one that has become quite well known throughout the world I think a lot of things are happening to a lot of countries they say that there’s light shining all over the world since the election and even countries that we aren’t particularly friendly with are happy because they understand what there is a future and how great the future will be under our leadership America is back and open for business and this week I’m also taking Swift action to stop The Invasion at our Southern border they allowed people to come in at levels that nobody’s ever seen before was ridiculous I decided a and declared to to to do and very very importantly a National Emergency on our border immediately halted all entry of illegal border crossers of which there were many and began prly returning the illegal trespasses back to the place from which they came that action as you’ve probably seen has already started very strongly have deployed active duty us military and National Guard troops to the border to assist in repelling The Invasion it was really an invasion we will not allow our territory to be violated after four long years the United States is strong and Sovereign and a beautiful Nation once again it’s a strong Sovereign Nation in addition I’m pleased to report that America is also a free Nation once again on day one I signed an executive order to stop all government censorship no longer will our government label the speech of our own citizens as misinformation or disinformation which are the favorite words of censors and those who wish to stop the free exchange of ideas and frankly progress we have saved free speech in America and we’ve saved it strongly with another historic executive order this week I also ended the weaponization of law enforcement against the American people and frankly against politicians and restored the fair equal and impartial rule of law my Administration has taken action to abolish all discriminatory diversity equity and inclusion nonsense and these are policies that were absolute nonsense throughout the government and the private sector with the recent yet somewhat unexpected great Supreme Court decision just made America will once again become a merit-based country you have to hear that word merit based country and I’ve made it official and official policy of the United States that there are only two genders male and female and we will have no men participating in women’s sports and transgender operations which became the rage will occur very rarely finally as we restore common sense in America we’re moving quickly to bring back strength and peace and stability abroad I’m also going to ask all NATO Nations to increase defense spending to 5% of GDP which is what it should have been years ago it was only at 2% and most Nations didn’t pay until I came along I insisted that they pay and they did because the United States was really paying the difference at that time and it’s was unfair to the United States but many many things have been unfair for many years to the United States before even taking office my team negotiated a ceasefire agreement in the Middle East which wouldn’t have happened without us as I think most of the people in the room know earlier this week the hostages began to return to their families they are returning and it’s a beautiful site and they’ll be coming in more and more they started coming back on Sunday our efforts to secure a peace settlement between Russia and Ukraine are now hopefully underway it’s so important to get that done that is an absolute killing field millions of soldiers are being killed and nobody’s seen anything like it since World War II they’re laying dead all over the flat Fields it’s a flat field farmland and there’s millions of Russians and millions of Ukrainian and nobody’s seen anything like it since World War II it’s time to end it and here in America we have big events coming up next year we have the 250th anniversary of americ America’s founding I’m so honored to be president during that that’s been a big event they’ve been talking about it for 10 years we also have the World Cup and I understand Gian Gian is in the room in Tino he was very instrumental in helping us get it he’s there with you someplace I think and I want to thank him for that and then we have the Olympics coming up which I was instrumental in getting also in my first term and who would have known that by skipping a term I would get get the Olympics I was upset I said you know I got the Olympics to come and I won’t be president but it turned out through a stroke of luck or whatever you might call it that I’m going to be president during the World Cup and the Olympics and the 250th anniversary so that’s going to be three big events and we’ve accomplished more in less than four days we have really been working four days than other administrations have accomplished in four years and we’re just getting started it’s really an amazing thing to see in the spirit and the light over our country has been incredible under the last Administration our nation has suffered greatly but we are going to bring it back and make it Greater bigger stronger better than ever before I want to thank everybody for being with you I would have been there myself except the inauguration was two days ago I thought it might be a little bit quick to make it the first stop but we’ll get there one day we hope to get there but I I do appreciate I heard the audience is fantastic and many of my friends are in the audience and uh I will be taking questions now from some very distinguished people thank you all very much thank you thank you very much uh Mr President for that very powerful speech and I think you could hear the Applause all the way from Davos to the White House but next year it will be even better because then you can get the Applause here in Davos so we wish you welcome to our village next year we hope to see you thank you very much so we also know Mr President that you open up for interaction here we have a great panel with some of the most distinguished business people in the world let me start uh with someone that you know really well that I think is almost the neighbor of you in Mal in Florida Mr Steve uh schwarzman chairman CEO and co-founder Blackstone Group so Steve floor is yours well Mr President I’m sure the Crown Prince of Saudi Arabia will be really glad you gave this speech today you’ve had the busiest 4 days that anybody can imagine and congratulations for that my question is is about some of the things I’ve observed here at Davos it’s a terrific Forum uh I’ve met lots of people as usual I think I’ve been near 30 years and a lot of the European business people have expressed enormous frustration with the regulatory regime in the and they attribute slower growth rates here because of a numerous factors but especially because of regulations and you’ve taken taken a completely different approach in this area and if you could explain the theory of what you’re doing how you’re going to do it and what you expect the outcome to be I’d appreciate it well thank you very much and congratulations Steve you’re a friend of mine but on a great career you have had an amazing career and it continues so I just want to congratulate you very inspirational to a lot of people I want to talk about the EU because you mentioned specifically that I’ve also had a lot of friends and leaders of countries I’ve gotten to know them all my first term and a little bit during this period of four years and know them well like them a lot but they’re very frustrated because of the time everything seems to take to get approved environmental impact statements for things that you shouldn’t even have to do that and many many other ways that it takes and I’m going to give you a quick little example I in the private life my beautiful private life before I had all these things happening the world is a little different I had a nice simple life you knew that but when I had that simple life I did projects and I had a big project in Ireland and it had to get approval on something that would have made it even better and I got the approval from Ireland in a period of a week and it was a very very very efficient good approval and they informed me though the problem is you’re going to have to get it from the EU and we think that’ll take 5 to six years and I said you have to be kidding and this was before politics and I said wait a minute it’s not that important I don’t want to go five or six years but it would have been a big investment it would have been nice and it would have been good for the project and I sent the people to the EU to see if they could speed it up and basically it was a five or six year wait just to get a simple appr approval that Ireland gave me in a period of literally not much more than a week and I realized right then that was the first time I really was involved with the EU but I realized right then that’s a problem and I didn’t even bother applying to do it I don’t want to be criticized he did apply actually no I want to be very accurate so I don’t think I did but if I did I pulled it very quickly it was just something you you couldn’t wait five years or six years to get an approval so a lot of in a very big business sense a lot of people are are claiming that’s the problem from the standpoint of America the EU treats us very very unfairly very badly they have a large tax that we know about and of attacks and it’s a very substantial one they don’t take our far essentially don’t take our farm products and they don’t take our cars yet they send cars To Us by the Millions they put tariffs on things that we want to do like for instance I think they actually in terms of these are non-economic or non-monetary tariffs and and those are very bad and they make it very difficult to bring products into Europe and yet they expect to be selling and they do sell their products in the United States so we have you know hundreds of billions of dollars of deficits with the EU and nobody’s happy with it and we’re going to do something about it but no nobody’s happy with it so I think the EU has to speed up their process uh friends of mine that are in some of the Nations within the EU great people they they want to be able to compete better and you can’t compete when you can’t get go through the approval process fast there’s no reason why it can’t go faster so you know I’m I’m trying to be constructive because I love Europe I love the countries of Europe but the process is a very cumbersome one and and they do treat the United States of America very very unfairly with the vat taxes and all of the other taxes they impose one other just to finish up I got a call from the head of a major airline one of the biggest airlines in the world and he said sir could you help us what Landing in Europe is brutal they charge us fees for everything and it’s so unfair I said how does it compare to China he said it’s it’s much worse and the other thing as you know they took court cases with apple and they supposedly won a case that most people didn’t think was much of a case they won 15 or 16 billion from Apple they won billions from Google I think they’re after Facebook for billions and billions these are American companies whether you like them or not they’re American companies and they shouldn’t be doing that and that’s as far as I’m certained it’s a form of Taxation so we have some very big complaints with the EU very much Mr President we’ll know uh go to one of your friends in the EU Patrick Pana he is the chairman CEO of total energies I guess you have a question ready Patrick for the president Mr President as we understand energy is at the top of your agenda and it’s an honor for me to represent the energy industry tonight in this panel total energies is indeed the fourth largest oil and gas and electricity company in the world I will not ask you a question about the oil price it’s quite clear what you expect from us I will go to gas more and we our company is the largest number one exporter LNG from the US company we are a strong contributor to and we invest in Mamu and projects in Texas $20 billion it’s far from 200 but it’s $20 billion and we contribute with that to security of Supply to Europe as we export this lergy to Europe some experts are fear that if there are too many projects in the US on LG this could have an infl inflationary impact on the US domestic gas price and they recommend the p on these projects I ask you the following question what are your views on about such a pose on investments on lery in the US what would happen if you would observe an increased domestic gas price because of his exports and final question which is important for Europe would you agree to guarantee security of supplies of us energy to Europe well on the last part of your question yes I would I would make sure that you get it if we make a deal we make a deal you’ll get it because a lot of people do have that problem they make a deal and then it can’t get supplied because of War type problems and other problems so we would absolutely do that uh LNG is very interesting because when I took office for the first term one of the first things I looked at was two there were two very massive plants in Louisiana state that has been very good to me W it by many many points and I felt strongly indebted to it actually and they said there are two plants that have been under environmental consideration for more than 10 years and they were costing as you say you know how expensive those plants are but they were costing like 12 billion and I think 14 or 15 billion but they couldn’t get their permits it was they were in review for years many many years like a decade or more and I said so ridiculous I know so much about that because in the construction industry I had to go through it too but I got good at it after a while but I I went I saw the projects and you’re talking about a total investment of 25 to30 billion and it looked like it was going to end they couldn’t get their permits and I got them done in less than a week it was done completely in fact when they called them to announce that uh it was done the countries largely countries Japan was involved and and other country and some very big investors they couldn’t believe it they actually couldn’t believe it and I said just do yourself one favor don’t pay any Consultants because the only one that got it done was me I got it done because it was the right thing to do for the us and for the world but the Consultants had nothing to do with it you know the Consultants go in and they say give us millions of dollars cuz Trump did it nobody called me about it I just heard it was a problem for years and I got it done because it was the right thing to do for the US and the right thing to do for Beyond it had to do with energy very important so I think it’s very important I I think the the you know I disagree with one I I think the more that you do the lower the price is going to go and what I’d like to see is uh rapid approvals we’re going to give very rapid approvals in the United States like with the AI plans talking to many people want to build them and that’s going to be a very big thing uh we’re going to build electric uh generating facilities they are going to build I’m going to get them the approval under emergency declaration I can get the approvals done myself without having to go through years of waiting and the big problem is we need double the energy we currently have in the United States can you imagine for AI to really be as big as we want to have it because it’s a very competitive it’ll be very competitive with China and others so I’m going to give emergency declaration so that they can start building them almost immediately and I’m I’m I think it was largely my idea because nobody thought this was possible it wasn’t that they were not smart because they’re the smartest but I told them that what I want you to do is build your electric generating plant right next to your plant there a separate building connected and they said wow you’re kidding and I said no no I’m not kidding you don’t have to hook into the grid which is old and you know could be taken out if it’s taken out they wouldn’t have any way to get any electricity so we are going to allow them to go in a very rapid Bas basis to build their plant build the electric generating plant they can fuel it with anything they want and they may have coal as a backup good Clean Coal you know if there were a problem with a with a pipe coming in as an example you’re going with gas oil or gas and a pipe gets blown up or for some reason doesn’t work there are some companies in the US that have coal sitting right by the plant so that if there’s an emergency they can go to that short-term basis and use our very clean coal so that’s something else that a lot of people didn’t even know about but nothing can destroy cold not the weather not a bomb nothing it might make it a little smaller might make it a little different shape but coal is very strong as a backup it’s a great backup to have that facility and it wouldn’t cost much more more money and we have more coal than anybody we also have more oil and gas than anybody so we’re going to make it so that the plants will have their own electric generating facilities attached right to their plant they don’t have to worry about a utility they don’t have to worry about anything and we’re going to get very rapid approvals thank you thank you so much Mr President we’ll know go to another CEO that you know uh very well Brian monan uh the CEO and chair of Bank of America good afternoon Mr President and uh congratulations and obviously eventful week for you and your family if you remember 5 years ago you came here and we walked among 150 CEOs from all over the world and you engage with them about your policies and your procedures uh this year you’re not here and yet this week was eventful from the orders that mentioned earlier literally a wave of orders coming out on immigration on uh trade and many other matters and so as a representative of the United States here we got a lot of questions about what does all this mean and how would the president Square this with his clear focus on growth Prosperity market growth stock market growth a good bond market and bringing down prices so how do you think about the impact of all these orders and how fast they come out and how you’re going to balance them with that scorecard of being successful in both continuing GDP growth bringing down inflation and also having a good stock price appreciation for the American citizen well I think it’s going to actually bring down inflation it’s going to bring up jobs we’re going to have a lot of jobs we’re going to have a lot of companies moving and you know Brian we’re at 21% it was at 40% and I got it down to 21% the corporate tax and it was actually if you look at state and city it was in many cases much higher than 40% I got it down to 21% and now we’re going to bring it down from 21 to 15% if there’s a big if if you make your product in the US so we’re going to have the lowest just about the lowest rate it’ll be the 21 is on the low side worldwide the 15 is about as low as it gets and by far the lowest of a large country a large You Know Rich powerful country by far not even a contest so we’re going to bring it down to 15% if you make your product in the USA so that’s going to create a a tremendous Buzz we’re also probably going back to the one-year deduction we’re going to go back to that when we do the renewal of the Trump tax plan we have to get Democrats to approve it but you know if the Democrats didn’t approve it I don’t know how they can survive with about a 45% tax increase because that’s what it would be and so I think they going to be we’ve been working along with them pretty well I I think it’s very hard for a political group to say let’s charge people 45% more so I think we’re in good shape but we’re actually doing a reduction for business and small businesses where you’re going to be bring it down to 15% which is really uh something and by the way speaking of you and you’ve done a fantastic job but I hope you start opening your bank to conservatives because many conservatives complain that the banks are not allowing them to do business within the bank and that included a place called Bank of America this conserv they don’t take Conservative Business and I don’t know if The Regulators mandated that because of Biden or what but you and Jamie and everybody I hope you’re going to open your Banks to conservatives because what you’re doing is wrong Mr President I’ll say that your friend Giani was said hello told me to tell you hello and we look forward to sponsoring the World Cup when it comes both this summer for the club and next year so thank you for getting after the United States thank you very much Brian thank you Mr President will now go to Anna butin she’s the executive chairman of banko Santander uh one of the big European Banks and also in the US so Anna Mr President congratulations on our historic Victory I believe you don’t know me as well as my fellow panelists so a few words Santander is one of the largest banks in the world by number of customers 170 million that’s more than my friend Brian or my friend Jamie have and those they fix the regulations that’s coming that’s coming that was checky we are we are a big investor in the United States we have many million customers 12,000 employees we’re one of the largest autolenders and we recently launched a fully digital bank called open bank we strongly believe banks have a pivotal role in the economy and we can accelerate growth and help many more customers that’s what we’re doing in the United States so as Brian pointed out we very much welcome your focus on deregulation and reducing bureaucracy so my question is what are your priorities in this regard and how fast is this going to happen thank you very much I think it’s going to thank you and congratulations I know very much about your bank and uh you’ve done a fantastic job congratulations we are going to move very quickly we’ve moved very quickly we’ve done things in the the last three days that nobody thought were possible to do in years and it’s all taken it’s all taking effect it’s going to have a huge impact on the economy a huge positive impact money was being wasted on crazy things I mean the green New Deal was such a total disgrace what what how that was perpetrated and it was conceived of by people that were average students less than average students I might add and never even took a course in energy or the environment it was just a game remember the world was going to end in 12 years remember that well the 12 years is come and gone it was going to end it was going to all foam into Earth but you know the time has come these people and they they really they really scared the I can’t say the Republicans the Republicans maybe could have fought harder to stop it but it’s been a tremendous waste of a tremendous waste of money you know during my four years we had the cleanest air we had the cleanest water and yet we had the most productive economy in the history of our country we had the most productive economy until covid came we had the most productive in the history of our country by far and and and actually you could look worldwide we we we were beating everybody from China to everybody else so and we think we really now with what we have learned and all of the other things that have taken place we think we can even far surpass that actually far far surpass it but we do one thing we’re going to be demanding is we’re going to be demanding respect from other nations Canada we have a tremendous deficit with Canada we’re not going to have that anymore we can’t do it it’s it’s I don’t know if it’s good for them as you probably know I say you can always become a state and if you’re a state we won’t have a deficit we won’t have to tariff you etc etc but Canada has been very tough to deal with over the years and it’s not fair that we should have a 200 billion or $250 billion doll deficit we don’t need them to make our cars and they make a lot of them we don’t need their Lumber because we have our own forests etc etc we don’t need their oil and gas we have our we have more than anybody so you know just as an example with Mexico we’re dealing with Mexico I think very well and we’re just you know we just want to be treated fairly with other nations because there’s hardly nation in the world and I blame this on us and I blame it on politicians that for some reason I’m probably mostly it’s stupidity but you could also say other reasons but mostly stupidity they’ve allowed other nations to take advantage of the us so we can’t allow that to happen anymore you know we have debt it’s a very small debt when you compare it to Value the value of the assets that we have but we don’t want to do that we want to just have uh debt be obliterated and we’ll be able to do that fairly rapidly and a lot of good things are going to happen and and honestly good things are going to happen for the world and good things are going to happen for the people that are dealing with us allies and Beyond allies one thing very important I really would like to be able to meet with President Putin soon and get that war ended and and that’s not from uh the standpoint of economy or anything else it’s from the standpoint of millions of lives are being wasted beautiful young people are being shot in the battlefield you know the bullet very flat land as I said and the bullet goes there’s no there’s no hiding and a bullet the only thing going to stop the bullet is a human body and you have to see I’ve seen pictures of what’s taking place it’s a Carnage and we really have to stop that war that war is horrible and I’m not talking economy I’m not talking economics I’m not talking about natural resource I’m just talking about there’s so many young people being killed in this war and that’s not including the people that have been killed as the cities are being you know knocked down building by building so we really should get that stopped likewise in the Middle East I think we’ve made a lot of progress in the Middle East and I think that’s going to that’s going to come along pretty well thank you Mr President we know that the most consequential relationship in the world is between the US and China us 28% of the global economy China close to 20 that’s almost half of the global GDP and we know that uh you called uh president shishan ping last Friday we heard that you had a good discussion how do you see the relationship between the US and China in the next four years under your leadership he called me but I see it very good I think that we’re going to have a very good relationship all we want is fairness we just want a level play field we don’t want to take advantage we’ve been having massive deficits with China Biden allowed it to get out of hand he’s $1.1 trillion deficits ridiculous and it’s just an unfair relationship and we have to make it just fair we don’t have to make it phenomenal we have to make it a fair relationship right now it’s not a fair relationship the deficit is massive as it is with other countries a lot of Asian countries actually but we have deficits that are very big and we can’t keep doing that so we’re not going to keep doing that but I like President XI very much I’ve always liked him we always had a very good relationship it was very strained with covid coming out of Wuhan obviously that strained it I’m sure it strained it with a lot of people but that strained our relationship but we always had a great relationship I would say and we look forward to doing very well with China and getting along with China uh hopefully China can help us stop the war with in particular Russia Ukraine and they have a great deal of power over that situation and uh we’ll work with them and I mentioned that with the during our phone conversation with President XI and hopefully we could work together and get that stopped we’d like to see denuclearization in fact with President Putin prior to a an election result which was frankly ridiculous we were talking about declear of our two countries and China would have come along China has a much smaller right now nuclear Armament than us or field than us but they they’re going to be catching it at some point over the next four or five years and I will tell you that President Putin really liked the idea of of cutting way back on nuclear and I think the rest of the world we would have gotten them to follow and China would have come along too China also liked it tremendous amounts of money are being spent on nuclear and the destructive capability is something that we don’t even want to talk about today uh CU you don’t want to hear it’s too depressing so we want to see if we can denuclearize and I think that’s very possible and I can tell you that President Putin wanted to do it he and I wanted to do it we had a good conversation with China they would have been involved and that would have been an unbelievable thing for the planet Mr President when you’re back here in DS next year will there be then the peace agreement with with Ukraine and Russia by then well you’re going to have to ask Russia Ukraine is ready to to make a deal just so you understand this is a war that should have never started if I were president it would never have started this is a war that should have never ever and and it wasn’t started during my there was never even talk about it I knew that it was the apple of President Putin’s eye but I also knew that there was no way he was going in and he wasn’t going to go in and then when I was out bad things happened bad things were said a lot of stupidity all around and you end up with what you have now you have all these bombed out cities they look like demolition sites with many people killed I think the the thing that you’ll see about Ukraine is that far far more people have died than is being reported and I’ve seen that but far far more people have died when you look at a city that’s become a demolition site where big buildings have been collapsed by missiles hitting them and everything else and they say one person was slightly injured now now many people were killed those are big buildings I was surprised at how that was my business these are buildings that go two and three blocks long they’re 20 stories high they big powerful buildings and they were knocked down and there were a lot of people in those buildings that announced that two people were injured that’s not true so I think you’re going to find that there were many more people killed in Ukraine in the Ukraine war than anybody has any idea but if you look now so many of the the people being killed Are Soldiers just facing each other with guns rifles and drones the new form of warfare drones and it’s a very sad thing to see and when you see pictures of the fields that I see nobody wants to see it you’ll never be the same thank you uh very much uh Mr President on behalf of all the 3,000 participants uh here in D we really really underline that joining us the third day uh in your presidency live taking questions here is so appreciated and we are already ready for receiving you uh next year in person so thank you very much and uh all the best from Theos thank you thank you very much.