During the Trump administration's term, Lutnick (DOGE/waste-cutting) and Bessent (tariffs/trade) will together cut $1 trillion in government waste, fraud, and abuse AND raise $1 trillion in new revenue from resetting global trade, balancing the federal budget.
“the idea is to take a trillion of waste, fraud, and abuse out. Yeah. and then make a trillion from having other people... resetting global trade”
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Explanation
Lutnick predicted cutting $1 trillion in waste/fraud/abuse and raising $1 trillion in new tariff revenue to balance the budget. In practice, DOGE's cost-cutting goal was repeatedly scaled back -- by an April 2026 Cabinet meeting Musk cited only about $150 billion in FY2026 savings, a small fraction of the original $1 trillion target, and the federal budget remains far from balanced.
The Trump Gold Card/Trump Card visa-for-investment program will launch (go out) within about two weeks of this interview (mid-to-late March 2025).
“Of course, about two weeks from today, it goes out.”
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Explanation
Lutnick said the Trump Card/Gold Card program would 'go out' about two weeks from the interview (~late March 2025). In reality, the executive order creating the Gold Card wasn't signed until September 19, 2025, and the public application process didn't open until December 10, 2025 -- roughly 8-9 months later, not two weeks.
The Trump administration will sell around 1 million Trump/Gold Cards (at $5 million each, ~$5 trillion in revenue).
“the president thinks we can sell a million. So, five trillion dollars. I think a million is reasonable.”
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Explanation
Lutnick cited the president's estimate of selling around 1 million Gold Cards (~$5 trillion). In practice, uptake has been far lower: by May 2026 the program had received only 338 applications, with 165 paid fee-payers and just one formal approval -- nowhere close to a million.
During the Trump administration, the U.S. government will issue a new federal regulatory standard/rule mandating post-quantum cryptography protections.
“I think that is vital to us... I would bet this happens during this administration... we'll come out with a rule that says America's got to protect itself. New standards.”
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Explanation
Lutnick predicted the administration would issue a rule mandating post-quantum cryptography protections. On June 22, 2026, Trump signed an executive order ('Securing the Nation Against Advanced Cryptographic Attacks') directing an accelerated federal migration to post-quantum cryptography, with 2030/2031 deadlines -- occurring during this administration as predicted.
A financing industry (analogous to taxi medallion financing) will develop around Trump/Gold Cards, helping buyers finance the purchase via venture capital or equity arrangements.
“You know what I predict will happen? I predict the just like in the medallion industry for taxi cabs, there'll be a financing industry that'll build up around these uh these gold cards or these trump cards”
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Explanation
Lutnick predicted a taxi-medallion-style financing industry would build up around Gold/Trump Cards. Dedicated financing services (e.g., goldcardvisafinance.com) offering loans against collateral for the $1M Gold Card fee have since emerged, matching the prediction.
The Trump administration will force through approval of the Constitution Pipeline (New York), which will cut East Coast natural gas prices roughly in half.
“he's going to force the Constitution pipeline, which by the way will drop gas on the east coast of the United States of America, in half.”
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Explanation
Lutnick predicted Trump would force through the Constitution Pipeline, halving East Coast gas prices. Despite Trump's public backing, the pipeline was not approved -- on November 7, 2025, the Constitution Pipeline Company withdrew its water-quality certification application in New York. A different project (the Northeast Supply Enhancement pipeline) was approved instead.