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Scott Bessent: “I think the money supply in Venezuela went down 90 something…”

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 05:06

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 Venezuela because nobody has any money. I think the money supply in Venezuela went down 90 something percent. So you can level things off and make everyone destitute, which is. This is like a Bolshevik revolution again. The President said I could be the best communist. (05:06–05:12)

CLAIM

Asserts that Venezuela's money supply decreased by approximately 90%.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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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
“Americans used to come and cash their checks here [at the Treasury vault].”
REVEALED: Bessent gives first look at Trump-signed $100 dollar bills | Uploaded July 14, 2026 | 00:35-00:40
“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