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Senior Counselor Peter Navarro explains why the Trump administration is fighting to end the corporate ownership of single-family homes, and excessive interest charged by the credit industry: "The mafia can’t charge as much interest rates as these credit card companies do. Let’s face it, if their business model is...

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Rapid Response 47

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81,805 просмотров • 7 месяцев назад •via X (Twitter)

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PETER NAVARRO: The mafia is envious of Mastercard and Visa for the amount of interest they can charge on debt. They're whining that if you cap interest rates at 10% on debt, somehow that's going to hurt the little guy. No, it hurts their business model. Peter Navarro
0:33

PETER NAVARRO: The mafia is envious of Mastercard and Visa for the amount of interest they can charge on debt. They're whining that if you cap interest rates at 10% on debt, somehow that's going to hurt the little guy. No, it hurts their business model. Peter Navarro

Bannon’s WarRoom

39,858 просмотров • 7 месяцев назад

"Jamie Dimon, lower your friggin’ credit card interest rates." Trade adviser Peter Navarro continued the White House's pressure to get JPMorgan Chase and Jamie Dimon to cap credit card interest rates, a demand of President Trump amid his push to address affordability
1:53

"Jamie Dimon, lower your friggin’ credit card interest rates." Trade adviser Peter Navarro continued the White House's pressure to get JPMorgan Chase and Jamie Dimon to cap credit card interest rates, a demand of President Trump amid his push to address affordability

Bloomberg

18,048 просмотров • 6 месяцев назад

Lowering credit card interest rates sounds like a good idea, but often times it ends up hurting the very people who policymakers were seeking to help. If interest rates are capped, the people who need it the most — high-risk borrowers who have low credit scores — will lose access to credit. Interest rates are largely dependent on the person who is doing the borrowing. The riskier a person is to lend to, the higher their interest rate is because the bank is taking on risk by extending them credit. People who are in desperate need of credit who will no longer be able to get a credit card then may turn to more expensive types of credit. This would also impact people who earn lots of rewards on their credit cards, have excellent credit scores, and payoff their balance every month so they don't pay interest. Credit card companies may cut back or cancel rewards and could start implementing annual fees on credit cards that never had them in the past or increase annual fees on existing cards.
0:52

Lowering credit card interest rates sounds like a good idea, but often times it ends up hurting the very people who policymakers were seeking to help. If interest rates are capped, the people who need it the most — high-risk borrowers who have low credit scores — will lose access to credit. Interest rates are largely dependent on the person who is doing the borrowing. The riskier a person is to lend to, the higher their interest rate is because the bank is taking on risk by extending them credit. People who are in desperate need of credit who will no longer be able to get a credit card then may turn to more expensive types of credit. This would also impact people who earn lots of rewards on their credit cards, have excellent credit scores, and payoff their balance every month so they don't pay interest. Credit card companies may cut back or cancel rewards and could start implementing annual fees on credit cards that never had them in the past or increase annual fees on existing cards.

Ryan Saavedra

38,079 просмотров • 7 месяцев назад

OpenUSD could flip the entire stablecoin business model upside down "Look at the business model of existing stablecoins like Circle and Tether. USDC and USDT are the product, but the business model is the float. They take in a ton of money, invest it in short-term treasuries, earn a yield, and that's their income" "In 2024 Circle said 99% of their income came from holding treasuries and earning a yield. That's an astounding number. Tether is one of the most profitable companies in the world because of high interest rates in the exact same model" "These 140 companies are saying we are going to earn the interest from that float instead of the issuers. OpenUSD will just make a small amount on transaction fees, and the companies using it earn the interest on the tokens. Complete change in the model. That's why Circle stock dumped so hard, people believe the day of making money on float might be over"
1:06

OpenUSD could flip the entire stablecoin business model upside down "Look at the business model of existing stablecoins like Circle and Tether. USDC and USDT are the product, but the business model is the float. They take in a ton of money, invest it in short-term treasuries, earn a yield, and that's their income" "In 2024 Circle said 99% of their income came from holding treasuries and earning a yield. That's an astounding number. Tether is one of the most profitable companies in the world because of high interest rates in the exact same model" "These 140 companies are saying we are going to earn the interest from that float instead of the issuers. OpenUSD will just make a small amount on transaction fees, and the companies using it earn the interest on the tokens. Complete change in the model. That's why Circle stock dumped so hard, people believe the day of making money on float might be over"

The Wolf Of All Streets

26,440 просмотров • 1 месяц назад

PRESIDENT TRUMP: If credit card companies do not lower interest rates to 10% by January 20th, "then they are in violation of the law, very severe things." "They really abuse the public, I am not going to let it happen," Trump adds.
0:38

PRESIDENT TRUMP: If credit card companies do not lower interest rates to 10% by January 20th, "then they are in violation of the law, very severe things." "They really abuse the public, I am not going to let it happen," Trump adds.

The Kobeissi Letter

999,335 просмотров • 7 месяцев назад

Credit card interest rates are way too high. What if you could create a credit card that had an interest rate below 10% to solve the problem. This is what Sadi and Aven have done. Fascinating business & discussion.
19:04

Credit card interest rates are way too high. What if you could create a credit card that had an interest rate below 10% to solve the problem. This is what Sadi and Aven have done. Fascinating business & discussion.

Anthony Pompliano 🌪

249,757 просмотров • 2 месяцев назад

TRUMP NOW ON THE 10% CREDIT CARD RATE CAP: "Credit card companies will be in violation of the law if they do not comply with the interest rate cap by January 20. They are abusing people and I am not going to let it happen." My question is how is he going to implement this...
0:42

TRUMP NOW ON THE 10% CREDIT CARD RATE CAP: "Credit card companies will be in violation of the law if they do not comply with the interest rate cap by January 20. They are abusing people and I am not going to let it happen." My question is how is he going to implement this...

amit

252,697 просмотров • 7 месяцев назад

Do you have a credit card or own a small business? This could affect you. Capital One and Discover just merged to create the biggest credit card company in the nation, with the blessing of the Trump Administration. That means higher rates and fees—thanks to President Trump.
2:00

Do you have a credit card or own a small business? This could affect you. Capital One and Discover just merged to create the biggest credit card company in the nation, with the blessing of the Trump Administration. That means higher rates and fees—thanks to President Trump.

Elizabeth Warren

95,134 просмотров • 1 год назад

The fastest way to waste money without even realizing is by not paying off your credit card every month. Why? Because they charge you 21-23% interest. I can't even make that. That's why invest in credit card companies. The best way to save money is not to carry a balance. You don't get whacked with those interest charges. That means you can't outspend yourself. Have that discipline and by the way your credit score goes up. That makes it easier to get a mortgage on your house. Listen to Uncle Kevin on this one. It's good advice.
0:43

The fastest way to waste money without even realizing is by not paying off your credit card every month. Why? Because they charge you 21-23% interest. I can't even make that. That's why invest in credit card companies. The best way to save money is not to carry a balance. You don't get whacked with those interest charges. That means you can't outspend yourself. Have that discipline and by the way your credit score goes up. That makes it easier to get a mortgage on your house. Listen to Uncle Kevin on this one. It's good advice.

Kevin O'Leary aka Mr. Wonderful

37,827 просмотров • 2 месяцев назад

Senior Counselor Peter Navarro: "Between textiles and furniture in North Carolina, China ripped the heart out of that state... President Donald J. Trump is cracking down on all of that, and he's going to do it for the craftsmen and the workers of the American people — and that's a good thing."
1:11

Senior Counselor Peter Navarro: "Between textiles and furniture in North Carolina, China ripped the heart out of that state... President Donald J. Trump is cracking down on all of that, and he's going to do it for the craftsmen and the workers of the American people — and that's a good thing."

Rapid Response 47

118,525 просмотров • 1 год назад

🚨 WOW! President Trump's affordability agenda is SURGING into 2026 and Democrats have NO CLUE what to do about it - Telling credit card companies NO MORE screwing over Americans: pushing the Credit Card Competition Act and enacting a 1-year 10% cap on interest rates - Block big companies from buying up all the homes - Force tech to pay their own AI electricity bills - $200B in mortgage bond purchases - Suspending some tariffs for housing GET IT ALL DONE! No excuse! This will be GREAT for the GOP in the 2026 midterms.
0:42

🚨 WOW! President Trump's affordability agenda is SURGING into 2026 and Democrats have NO CLUE what to do about it - Telling credit card companies NO MORE screwing over Americans: pushing the Credit Card Competition Act and enacting a 1-year 10% cap on interest rates - Block big companies from buying up all the homes - Force tech to pay their own AI electricity bills - $200B in mortgage bond purchases - Suspending some tariffs for housing GET IT ALL DONE! No excuse! This will be GREAT for the GOP in the 2026 midterms.

Eric Daugherty

49,796 просмотров • 7 месяцев назад

Kevin O’Leary says people in credit card debt shouldn’t be buying coffee “If you have a credit card balance that goes into the next month and you’re spending $5 on a coffee, you’re crazy” “I’ll give you permission to buy a coffee for $5 if you have no balance on your credit card at the end of the month” “The reason I own all the credit card companies is people are paying 23% interest” “Why would you do that to yourself? I can’t make 23% in the market every year. Why would you let someone do that to you?” “So no, no coffees for you except the one you make at home for 19 cents unless you pay off your credit card”
1:16

Kevin O’Leary says people in credit card debt shouldn’t be buying coffee “If you have a credit card balance that goes into the next month and you’re spending $5 on a coffee, you’re crazy” “I’ll give you permission to buy a coffee for $5 if you have no balance on your credit card at the end of the month” “The reason I own all the credit card companies is people are paying 23% interest” “Why would you do that to yourself? I can’t make 23% in the market every year. Why would you let someone do that to you?” “So no, no coffees for you except the one you make at home for 19 cents unless you pay off your credit card”

Jack

1,593,390 просмотров • 3 месяцев назад

Stephanopoulos: A foreign government official taking a major ownership stake in an incoming U.S. President's company. How do you respond to those who say this is a serious conflict of interest? Blanche: As if the Biden family and the Biden administration didn't do exactly the same thing. President Trump has been completely transparent. When his family travels for business reasons, they don't do so in secret.
1:57

Stephanopoulos: A foreign government official taking a major ownership stake in an incoming U.S. President's company. How do you respond to those who say this is a serious conflict of interest? Blanche: As if the Biden family and the Biden administration didn't do exactly the same thing. President Trump has been completely transparent. When his family travels for business reasons, they don't do so in secret.

Acyn

448,298 просмотров • 6 месяцев назад

The Trump admin is full of conflicts of interest and corruption. As Elon Musk attempts to slash benefits for Americans, he brings in $8 MILLION EVERY SINGLE DAY from federal contracts. The President and his administration should represent the American interest — not their own.
0:55

The Trump admin is full of conflicts of interest and corruption. As Elon Musk attempts to slash benefits for Americans, he brings in $8 MILLION EVERY SINGLE DAY from federal contracts. The President and his administration should represent the American interest — not their own.

Rep. Pramila Jayapal

12,470 просмотров • 1 год назад

The American financial system is a scam This woman just got her credit card cancelled for paying off her bill too many times during a month “I can no longer have a credit card with Capital One because I paid them too much money. Please make it make sense. I paid them too much money and they closed my accounts” She explains how she makes a lot of purchases both personal and for her business. Every few days when the balance gets high she pays it off. Because of this she was able to accumulate over 100,000 travel points. Capital One cancelled her account Their reason was this is a violation called ‘Credit cycling’ Credit cycling is when you charge your credit card to its limit, pay the balance down, and then charge more within the same billing cycle In America credit card companies can cancel your account for this.
6:48

The American financial system is a scam This woman just got her credit card cancelled for paying off her bill too many times during a month “I can no longer have a credit card with Capital One because I paid them too much money. Please make it make sense. I paid them too much money and they closed my accounts” She explains how she makes a lot of purchases both personal and for her business. Every few days when the balance gets high she pays it off. Because of this she was able to accumulate over 100,000 travel points. Capital One cancelled her account Their reason was this is a violation called ‘Credit cycling’ Credit cycling is when you charge your credit card to its limit, pay the balance down, and then charge more within the same billing cycle In America credit card companies can cancel your account for this.

Wall Street Apes

2,773,176 просмотров • 1 год назад