The David Knight Show - Trump Offers Foreign Millionaires More Freedom Than Americans
Aired: 2025-03-05
Duration: 11:10


=== $5 Million Green Card (10:45) ===

[00:00:00]  Trump's Commerce Secretary claims that 250,000 people are already waiting for gold cards, but there's nowhere for them to sign up.
[00:00:17]  So they rolled this out before they had their...
[00:00:19]  That's why we had to keep the coin.
[00:00:21]  We had to get the website set up before we put it out there.
[00:00:25]  I want to look a little bit deeper at this thing that's going to be happening, some of the lead-up to this so-called Bitcoin Reserve.
[00:00:33]  Which is really not about a reserve at all, I don't think.
[00:00:35]  And I think he really kind of tipped his hand when he talked about that.
[00:00:40]  Another compliment there from 12 June 1776. Thank you very much.
[00:00:43]  I appreciate that.
[00:00:45]  And Trucker Chris for the win.
[00:00:48]  Thank you very much for the tip.
[00:00:49]  I appreciate that.
[00:00:51]  Let's talk a little bit about what they are planning to do, because this all folds into...
[00:00:56]  You know, the robber barons and the technocrats and everything.
[00:00:59]  Because, again, this, you know, history rhymes.
[00:01:02]  It doesn't exactly repeat.
[00:01:03]  We had the robber barons were there with railroad businesses and stuff like that.
[00:01:07]  Now these robber barons in the 21st century have got their AI and their crypto coins and all the rest of this stuff.
[00:01:14]  The gold card visa program.
[00:01:18]  Touting that there's already 250,000 waiting in line for the visa pathway that the gold card program could soon replace.
[00:01:25]  He went on, Lutnik did with Brett Baer on Fox News.
[00:01:30]  Again, spell it P-H-O-X for the pharmaceuticals that they push.
[00:01:33]  So if 250,000 people were willing to pay the $5 million that the gold car requires, it would amount to over a trillion dollars to stimulate the U.S. economy and to pay down the national debt.
[00:01:46]  So the government can filter some more of this to him and to his cronies to purchase stuff that overinflated.
[00:01:52]  Prices.
[00:01:53]  Or maybe it's just going to be, like Catherine Ross and Fitz said, a big pump and dump.
[00:01:57]  You know, put our assets into this volatile currency, pump it up, have it crash.
[00:02:02]  It's like, oh, sorry, now we're going to have to pay this off.
[00:02:04]  We're going to have to steal the land.
[00:02:07]  And we're going to sell off all the land.
[00:02:09]  Because they're selling off the citizenship stuff as well.
[00:02:12]  So, are we a slave to this government-created debt?
[00:02:16]  Oh, yes, we are.
[00:02:18]  I-O-I-O. That's off to work I go, right?
[00:02:21]  It's the same thing with these government debts.
[00:02:24]  It's going to be land and citizenship for sale to the rich to pay off this debt.
[00:02:32]  Is that the real purpose of Doge?
[00:02:36]  I think it is.
[00:02:37]  They want to do this as much as possible, then they're going to have this big pump and dump, then a liquidation cell.
[00:02:43]  America-thon.
[00:02:44]  Everything's got to go.
[00:02:46]  Well, Lutnik said, That this gold card, again, would replace the EB-5 Immigrant Investor Visa Program.
[00:02:54]  It is not launched, so there's no way to apply for it yet.
[00:02:57]  It is expected to be there in roughly two weeks.
[00:03:01]  Now, Trump said, I'm not giving away citizenship.
[00:03:04]  So what is it that he's giving away with this?
[00:03:06]  Well, the EB-5 program was a program to get permanent residency.
[00:03:14]  Very much like a green card type of thing, but with the EB-5s, they were created in 1990 as a method for immigrants to obtain a green card.
[00:03:23]  To get the green card through the EB-5 program, you had to invest at least a million dollars in a company or $800,000 in a low-income area that would employ at least 10 people.
[00:03:39]  And we've seen things like this in the Solana Solar...
[00:03:45]  Scam during the Democrats and things like that.
[00:03:49]  It's been a corrupt program.
[00:03:51]  But the interesting thing about the EB-5 applicants is the number of them every year.
[00:03:57]  Analysis of data tables indicates that there is currently a backlog of anywhere from 24,000 to 60,000 applicants.
[00:04:06]  But that's nowhere close to the 250,000 applicants that he says.
[00:04:11]  So he says, well, you've got 250,000 people want to get in.
[00:04:15]  Well, you've got a program here where they can pay a million dollars to get in, or let's say 800 if they do it in a preferred area.
[00:04:23]  But let's just talk about a million.
[00:04:24]  So a million versus five million.
[00:04:28]  You've got maybe as many as 60,000 people trying to get in on the one million level.
[00:04:35]  There's going to be fewer people coming in at the 5 million level, but Lutnik is saying 250,000.
[00:04:42]  Where are these people going to be coming in?
[00:04:44]  In other words, it's not going to be a trillion dollars coming into the coffers.
[00:04:47]  It's not going to be that big.
[00:04:49]  But it will be there for some of their friends who are coming in, and I think that's the key issue.
[00:04:54]  What country are they going to be coming in from?
[00:04:56]  Because the EB-5 had limits in terms of how many people could come in from various countries.
[00:05:03]  I mean, we could have, with this, we could have people coming in from Saudi Arabia.
[00:05:08]  We could have people coming in from Afghanistan.
[00:05:11]  You know, I mean, don't tell me that with all the pallets of cash they left behind, you couldn't find some Taliban who could scrape up a measly $5 million to come in and buy permanent residency.
[00:05:23]  You could have a bunch of Israelis who would come in, you know, the Gaza developers.
[00:05:29]  Who knows?
[00:05:30]  I think that there's something here.
[00:05:33]  They're not expecting 250,000 people, but they want to make a way for some of their friends to come in.
[00:05:43]  So the U.S. allocates approximately 18,700 EB-5 visas.
[00:05:48]  It caps the number that can be given to individuals from a specific country.
[00:05:54]  So I'm assuming that this new program is not going to be...
[00:06:00]  We might have all the people in the UAE buy an American citizenship.
[00:06:06]  They can afford it.
[00:06:08]  In 2024, more than 4,500 EB-5 visas were issued.
[00:06:14]  So, the EB-5 visa is a way of getting the green card.
[00:06:18]  What does the green card give you?
[00:06:20]  Permanent residency, but you can't vote, and you don't have a U.S. passport.
[00:06:25]  And if you commit...
[00:06:27]  Certain types of crimes that they've enumerated, they can deport you rather than imprison you.
[00:06:34]  Okay, so that's what the green card is about.
[00:06:36]  So the question is, if this is going to be a green card plus, what kind of things are they going to add to it to sweeten the deal?
[00:06:47]  So that people would pay $5 million instead of $1 million or $800,000.
[00:06:53]  What is it that they're going to do?
[00:06:55]  The interesting thing is that they're not going to require them to pay tax on their non-U.S. income.
[00:07:03]  So the U.S. government has always taxed all foreign income as well as all domestic income.
[00:07:08]  And so that's going to be the big thing that they're offering these cats.
[00:07:12]  You know, you can have American residency, but you don't have to pay taxes on your foreign investments that are there, your foreign income.
[00:07:22]  And that is not what is there with the HB5 program.
[00:07:26]  The HB5, they get their green card, they've got to pay taxes on everything, including their foreign earnings.
[00:07:34]  So think about this.
[00:07:36]  These people come in and give $5 million.
[00:07:38]  They get benefits superior to Americans.
[00:07:42]  Because Americans have to pay taxes on any foreign earnings as well as domestic earnings.
[00:07:47]  But these people with the gold card...
[00:07:51]  Don't have to.
[00:07:53]  America first?
[00:07:55]  Uh-uh.
[00:07:56]  No.
[00:07:57]  No.
[00:07:58]  Money first.
[00:07:59]  Money first for the Trump administration and everything.
[00:08:03]  So no cap on the number of goal cards issued.
[00:08:06]  No caps on any country.
[00:08:07]  No foreign taxes.
[00:08:09]  No taxes on foreign income.
[00:08:12]  No vetting, I'm sure.
[00:08:14]  200,000 of these gold green cards is a trillion dollars to pay down our debt, said Lutnik.
[00:08:19]  Yeah, that's not going to happen.
[00:08:21]  There's something else going on with this.
[00:08:24]  Again, just like the tariffs, this is not about raising money.
[00:08:30]  And, you know, just like tariffs are not about raising money, it's not about protecting an industry, it's about attacking a country.
[00:08:35]  This has got some other agenda attached to it as well.
[00:08:41]  They said it's even more unlikely that 1 million foreigners would apply for a gold card.
[00:08:47]  And they say that because when you look at how many people are millionaires and how many people are wealthy enough that they could pay $5 million for this.
[00:08:58]  So there's approximately 424,000 people in the world with a net worth of $30 million or more.
[00:09:07]  And 277,000 of them live overseas.
[00:09:09]  So if Lucky Lutnik was telling you the truth, which you can pretty much count on the fact that if he's talking, it's not the truth.
[00:09:15]  I don't think he'd ever tell you the truth about anything.
[00:09:19]  So he says 250,000 people want to come in.
[00:09:21]  Well, there's only 277,000 people living overseas who have a net worth of $30 million or more.
[00:09:29]  Nearly half of the 424,000 people that have a net worth of $30 million, and they just looked at that and said, well, I think this is an arbitrary cutoff point.
[00:09:38]  If you've got a net worth of $30 million and you really want American residency for some reason, you could afford to pay the $5 million.
[00:09:45]  But there's only 277,000 people who have a net worth of $30 million or more that are not already living in America.
[00:09:53]  And the question is, You know, anybody, do we really like a system here where anybody who's got $30 million can be an American?
[00:10:03]  No loyalty required?
[00:10:05]  Just cash?
[00:10:07]  Just cash?
[00:10:08]  And look, they may not be able to vote, but they can buy politicians.
[00:10:15]  It's far more important to have the money to buy a politician.
[00:10:19]  That may be what this is about.
[00:10:21]  Hello, it's me, Volodymyr Zelensky.
[00:10:23]  I'm so tired of wearing these same t-shirts everywhere for years.
[00:10:27]  You'd think with all the billions I've skimmed off America, I could dress better.

=== Various Galas Gear (00:39) ===

[00:10:32]  And I could, if only David Knight would send me one of his beautiful grey MacGuffin hoodies or a new black t-shirt with the MacGuffin logo in blue.
[00:10:43]  But he told me to get lost.
[00:10:45]  Maybe one of you American suckers can buy me some at thedavidknightshow.com.
[00:10:50]  And David is giving a 10% discount to listeners from now until 2025. At that price, you should be able to buy me several hundred.
[00:10:59]  Those amazing sand-colored microphone hoodies are so beautiful.
[00:11:04]  I'd wear something other than green military cosplay to my various galas and social events.