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Scott Bessent: “Americans used to come and cash their checks here [at the…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

REVEALED: Bessent gives first look at Trump-signed $100 dollar bills

Published July 14, 2026 | Video Starts at 00:35

I've heard that before. Yeah, exactly. So what used to be in this vault or what's in this vault now? Well, I can't tell you what's in there now, but Americans used to come and cash their checks here [at the Treasury vault]. That's where they came here. Yeah. Or banks could present and get greenbacks. Solomon Chase, who was the treasurer or Treasury Secretary during the Civil War, created the greenback. (00:35–00:40)

CLAIM

Asserts that Americans historically cashed checks at the Treasury vault.

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Scott Bessent

“Solomon Chase, who was the treasurer or Treasury Secretary during the Civil War, created the greenback.”
REVEALED: Bessent gives first look at Trump-signed $100 dollar bills | Uploaded July 14, 2026 | 00:46-00:54
“It's going to have one, one big change on it. For the 250th. The President's signature is going to be on it for the first time.”
REVEALED: Bessent gives first look at Trump-signed $100 dollar bills | Uploaded July 14, 2026 | 01:24-01:33
“The currency has to say in God we Trust somewhere on it. And there cannot be a image of a living person.”
REVEALED: Bessent gives first look at Trump-signed $100 dollar bills | Uploaded July 14, 2026 | 02:19-02:28
“President's also going to have a coin coming out with his image on it.”
REVEALED: Bessent gives first look at Trump-signed $100 dollar bills | Uploaded July 14, 2026 | 02:41-02:46
“I think the money supply in Venezuela went down 90 something percent.”
REVEALED: Bessent gives first look at Trump-signed $100 dollar bills | Uploaded July 14, 2026 | 05:06-05:12
“We used to have states used to have their own money. Banks used to issue their own money.”
REVEALED: Bessent gives first look at Trump-signed $100 dollar bills | Uploaded July 14, 2026 | 00:53-00:58
“Well, it's going to be on all the currency for the 250th.”
REVEALED: Bessent gives first look at Trump-signed $100 dollar bills | Uploaded July 14, 2026 | 02:09-02:13
“These, they're printed here in D.C. or Dallas. Then they go to the Federal Reserve and the serial numbers are all registered at the Fed.”
REVEALED: Bessent gives first look at Trump-signed $100 dollar bills | Uploaded July 14, 2026 | 03:06-03:15
“Absolutely not. Absolutely. We rotate the currency always, so nothing extra to the taxpayer.”
REVEALED: Bessent gives first look at Trump-signed $100 dollar bills | Uploaded July 14, 2026 | 03:59-04:08
“There's something called seigniorage. So we put out currency and people take it. We take in cash and then we collect interest on the cash.”
REVEALED: Bessent gives first look at Trump-signed $100 dollar bills | Uploaded July 14, 2026 | 04:07-04:19
“Well, they make it more affordable by making it making people worse off. And look, things are very cheap in Cuba. Things are very cheap in…”
REVEALED: Bessent gives first look at Trump-signed $100 dollar bills | Uploaded July 14, 2026 | 04:51-05:06
“I went to the, to Russia right after the wall came down and the Soviet Union fell apart and it was just destitution, nothing there.”
REVEALED: Bessent gives first look at Trump-signed $100 dollar bills | Uploaded July 14, 2026 | 05:32-05:42