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Scott Bessent: “We used to have states used to have their own money. Banks…”

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

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

Published | Video Starts at 00:53

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. We used to have states used to have their own money. Banks used to issue their own money. And he consolidated into the greenback so people could swap for greenbacks here. Were there silver coins, were there gold coins, were there certificates? All the above. Okay. (00:53–00:58)

CLAIM

Asserts that states and banks used to issue their own money.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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