November 25, 2025 • 9 mins
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Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Throw this out. There may not be a great retirement
strategy to have the last penny that was ever struck
at the mint in Philadelphia. We just learned that they
want to hauktion these things off and the last five
could go from anywhere from two to five billion dollars.
Treasurer Brandon Beach is on with us right now from
the Treasury. Matter of fact, he's a guy who did it.
He was there, sir, Thank you so much for taking
(00:21):
the time. What a unique moment in history. Must have
been pretty wild to be a part of that.
Speaker 2 (00:26):
Well, justin thank you for having me on your show,
Happy Friday. I will tell you that last Wednesday was
a historic day for our country. For two hundred and
thirty two years, we've had a penny, and I was
very proud to be able to strike the last few pennies,
and especially the last one, and to hold that and
know that we're going to auction that off for three
(00:48):
to five million dollars. It was very I was honored
to do it. It was a very historic day. You know,
this is just part of President Trump's common sense agenda.
We're going to say the taxpayer's fifty six million dollars
annually by discontinuing the penny. The penny was costing US
four cents to make a penny, and the demand had declined.
(01:10):
Pre COVID we did nine billion pennies a year. Last
year we only produced two billion. So the demand was
going down, the price was going up, and it just
made sense to eliminate the penny. You know that it
would be crystal clear that we have three billion pennies
in circulation and it's still legal tender. It's not going
(01:30):
to go away. We're just not going to produce anymore.
But you can still use your pennies and have your
pennies and it's still legal tender. And I don't think
we'll run out of pennies for a couple of years
with three hundred billion in circulation.
Speaker 1 (01:45):
If they If you do, just check your couch questions.
I'm sure. I'm sure you'll find that treasure. Brandon beach
with us right now, and he actually was there as
they struck do That's interesting to me because you made
this points very I don't think a lot of us
new that it costs that much to make a penny,
And so when you talk about the common sense approach,
I'm sure. President, and of course Secretary Treasury looks at
(02:06):
that and they say, yeah, you know, this doesn't this
really doesn't add up here. Let's save the taxpayer some
money and make this because not every penny's worth two
million dollars.
Speaker 2 (02:17):
No, you're right, and so we made the decision. You know,
the President really made the decision, but we implemented both
Secretary Best and myself and we eliminated it. So it's
it was the right thing to do.
Speaker 1 (02:32):
So let me ask you about this because obviously that's
a big story we're working through that you just probably
heard us talk about. We've seen a lot of action
in the markets lately, folks who are talking about those things.
The IRA, the R four oh one K story I
just mentioned is is another piece of this. But as
the President tries to get things back on track, and
of course we've heard about that possible tariff check that
(02:55):
might be coming our way, we'll ask you about that too,
But a lot of this is coming out of those
policies he's out of this administration and at one big
beautiful bill as well.
Speaker 2 (03:04):
Well. And you saw yesterday's September jobs report. We added
one hundred nineteen thousand jobs in the economy. Let me
say this, I was fortunate enough. I'm a former state
senator in Georgia, and I was fortunate enough to be
very involved in President Trump's campaign in Georgia and got
to know him. And you know, Georgia was a swing state,
(03:24):
so he spent a lot of time in Georgia. And
it didn't take me long to figure out this guy
loves our country. He loves and respects law enforcement in
the military. But what President Trump really loves is capitalism.
He wants you, your kids, and your grandkids to be
able to pursue the American dream. And he doesn't believe
government creates jobs. He believes the private sector creates the jobs.
(03:47):
But what he does believe is we can create a
conducive environment for job creation through fair trade, the tariffs,
low taxes, less regulation, provide an educated workforce, and then
infrastructure investment both rose bridges and twenty first century infrastructure
like satellites and broadband and so on. And he believes
(04:08):
if we do those five things and get out the way,
that the private sector will flourish and we will have
a Golden Age economy. And that's why I came to
work here. I came to Washington to help him create
his golden age economy and provide my grandkids the opportunities
that I've had. This is a great country. We are
so lucky to live here. And I think next year
(04:30):
we're going to be able to showcase how lucky we are.
It's our two hundred and fifty year birthday, and we're
going to be talking about American exceptionalism, American pride, and
American spirit, and how lucky we are to live in
this country. Some of the things you can do here
you can't do in China or anywhere else. And you know,
I give this example. I'm from Louisiana and I talk
(04:52):
about this guy, Todd Graves, who couldn't get a loan
from a bank to start a restaurant. So he went
and worked on the oil rigs for two year, saved
up forty thousand dollars. Now he's worth twenty two billion dollars.
He owns raising canes. It's a chicken franchise. Yeah, and
he's made a lot of money. And you know what,
God blessing. He worked hard, He had a dream and
(05:12):
he pursueded and that only happens in America, and we're
going to talk about stories like that next year in
our two hundred and fifty year birthday. The other thing
we got going for us next year, we got the
World Cup coming to America, which is going to showcase
our country in eight different cities of how lucky we
are to live here. And so that's going to help
us from an international standpoint to showcase what America is
(05:35):
all about.
Speaker 1 (05:36):
You know, it's interesting timing. You mentioned raising Kays, and
that guy takes chicken very seriously. I just saw an
interview with them talking about what he does and how
they get into the very specifics of the birds they
use and what they do with it. It's really it's
really fascinating. But you make a good point. There is
no other place in the world, as we get ready
(05:57):
to matter of fact, they just opened the first raising
case here in in our in our backyard, just just
this last week. But there's no other place in the
world a treasure where you have, uh, the a dream.
You don't have an Indian dream, you don't have a
Chinese dream, you don't have a greatest dream. There's only
one place, the American dream that that that that actually exists.
Speaker 2 (06:21):
And That's why I'm working so hard for President Trump
to create this Golden Age economy. I was with him
in the Oval Office not long ago, and three times
he mentioned, we're going to create a Golden age economy,
a Golden age economy. He wants every zip code in
this country to have the opportunity to prosper. And we're
doing that, and we're gonna We're going to give everybody
the tools in the toolbox to pursue their dreams. And
(06:44):
that's what we're doing.
Speaker 1 (06:45):
I love that getting back on track and the common
sense approach at its finest. I think it's certainly a
well timed and uh, it's about time for it. The
second again, Yes, sir.
Speaker 2 (06:57):
Listen, I think President Trump's the greatest president we've had,
but I can guarantee you he's the greatest jobs and
economic president we've ever had. You look in his first term,
he was saddled with two impeachments, the Russian hoax, and
we were setting records and jobs were growing, and then
COVID hit. And then if you look in the first
ten months, what he's done after he inherited a mess
(07:18):
from the previous administration. Egg prices were high, fuel prices
were high, and now we've had you know, nobody's talking
about egg prices or fuel prices, and jobs are flourishing,
manufacturing jobs, they're coming back to the country. And Wall
Street has had some record numbers, I think seven or
eight times in the recent couple months they've they've hit
(07:39):
record highs. The economy is going to get better. We're
gonna make this economy affordable. We're gonna get fuel prices down.
Let me tell you, I think energy is the key
to everything. And President Trump doesn't just want to be
energy independent, he wants to be energy dominant. And when
you get energy prices down, the cost of transportation for
goods and services goes down, the prices for raising caines
(08:02):
goes down, the prices for lumber goes down. Everything is
related to energy. And this guy understands how important energy is.
And he's got Secretary Bergram and Secretary Right working together,
and we are going to be not just energy independent,
we're going to be energy dominant in this country.
Speaker 1 (08:20):
There you have it. We really appreciate you taking the
time and giving us the latest, whether it's pennies or
we're talking billions trillions. In some cases, we appreciate it,
and the updates keep them coming. Treasury there with the
Department Treasury branded beach. Thank you so much for taking time.
Speaker 2 (08:38):
So thank you for having me. If y'all are ever
in DC, please stop by the Treasury building. There's a
lot of history in this building. You would love to
tour it, and we'd love to host you, so let
me know. And I'd like to come back on your
show down the road and give you other updates. So
thank you for having me, and you and your family
have a happy Thanksgiving.
Speaker 1 (08:55):
You too, sir, Thank you very much. Well, that sounds
what a great offer, folks. I think I would love
to do that. And uh man, I think that would
be incredible. I what what a great story you know
some of those some of these, some of these that
you just never know who you gonna talk to from
some of these folks. Uh that guy was really interesting.
I haven't been back on again yet. It was there
(09:17):
when they struck the last penny. Who could say that
history in the making? All right back after this, folks,
we've got well, we got so much to you. I
hadding something big from this weekend with TIS the season.
Got to share with you about stories that you won't
hear anymore, Papa. Let you join in the conversation too.
(09:38):
After this, it's West Michigan Live.
Throw this out. There may not be a great retirement
strategy to have the last penny that was ever struck
at the mint in Philadelphia. We just learned that they
want to hauktion these things off and the last five
could go from anywhere from two to five billion dollars.
Treasurer Brandon Beach is on with us right now from
the Treasury. Matter of fact, he's a guy who did it.
He was there, sir, Thank you so much for taking
(00:21):
the time. What a unique moment in history. Must have
been pretty wild to be a part of that.
Speaker 2 (00:26):
Well, justin thank you for having me on your show,
Happy Friday. I will tell you that last Wednesday was
a historic day for our country. For two hundred and
thirty two years, we've had a penny, and I was
very proud to be able to strike the last few pennies,
and especially the last one, and to hold that and
know that we're going to auction that off for three
(00:48):
to five million dollars. It was very I was honored
to do it. It was a very historic day. You know,
this is just part of President Trump's common sense agenda.
We're going to say the taxpayer's fifty six million dollars
annually by discontinuing the penny. The penny was costing US
four cents to make a penny, and the demand had declined.
(01:10):
Pre COVID we did nine billion pennies a year. Last
year we only produced two billion. So the demand was
going down, the price was going up, and it just
made sense to eliminate the penny. You know that it
would be crystal clear that we have three billion pennies
in circulation and it's still legal tender. It's not going
(01:30):
to go away. We're just not going to produce anymore.
But you can still use your pennies and have your
pennies and it's still legal tender. And I don't think
we'll run out of pennies for a couple of years
with three hundred billion in circulation.
Speaker 1 (01:45):
If they If you do, just check your couch questions.
I'm sure. I'm sure you'll find that treasure. Brandon beach
with us right now, and he actually was there as
they struck do That's interesting to me because you made
this points very I don't think a lot of us
new that it costs that much to make a penny,
And so when you talk about the common sense approach,
I'm sure. President, and of course Secretary Treasury looks at
(02:06):
that and they say, yeah, you know, this doesn't this
really doesn't add up here. Let's save the taxpayer some
money and make this because not every penny's worth two
million dollars.
Speaker 2 (02:17):
No, you're right, and so we made the decision. You know,
the President really made the decision, but we implemented both
Secretary Best and myself and we eliminated it. So it's
it was the right thing to do.
Speaker 1 (02:32):
So let me ask you about this because obviously that's
a big story we're working through that you just probably
heard us talk about. We've seen a lot of action
in the markets lately, folks who are talking about those things.
The IRA, the R four oh one K story I
just mentioned is is another piece of this. But as
the President tries to get things back on track, and
of course we've heard about that possible tariff check that
(02:55):
might be coming our way, we'll ask you about that too,
But a lot of this is coming out of those
policies he's out of this administration and at one big
beautiful bill as well.
Speaker 2 (03:04):
Well. And you saw yesterday's September jobs report. We added
one hundred nineteen thousand jobs in the economy. Let me
say this, I was fortunate enough. I'm a former state
senator in Georgia, and I was fortunate enough to be
very involved in President Trump's campaign in Georgia and got
to know him. And you know, Georgia was a swing state,
(03:24):
so he spent a lot of time in Georgia. And
it didn't take me long to figure out this guy
loves our country. He loves and respects law enforcement in
the military. But what President Trump really loves is capitalism.
He wants you, your kids, and your grandkids to be
able to pursue the American dream. And he doesn't believe
government creates jobs. He believes the private sector creates the jobs.
(03:47):
But what he does believe is we can create a
conducive environment for job creation through fair trade, the tariffs,
low taxes, less regulation, provide an educated workforce, and then
infrastructure investment both rose bridges and twenty first century infrastructure
like satellites and broadband and so on. And he believes
(04:08):
if we do those five things and get out the way,
that the private sector will flourish and we will have
a Golden Age economy. And that's why I came to
work here. I came to Washington to help him create
his golden age economy and provide my grandkids the opportunities
that I've had. This is a great country. We are
so lucky to live here. And I think next year
(04:30):
we're going to be able to showcase how lucky we are.
It's our two hundred and fifty year birthday, and we're
going to be talking about American exceptionalism, American pride, and
American spirit, and how lucky we are to live in
this country. Some of the things you can do here
you can't do in China or anywhere else. And you know,
I give this example. I'm from Louisiana and I talk
(04:52):
about this guy, Todd Graves, who couldn't get a loan
from a bank to start a restaurant. So he went
and worked on the oil rigs for two year, saved
up forty thousand dollars. Now he's worth twenty two billion dollars.
He owns raising canes. It's a chicken franchise. Yeah, and
he's made a lot of money. And you know what,
God blessing. He worked hard, He had a dream and
(05:12):
he pursueded and that only happens in America, and we're
going to talk about stories like that next year in
our two hundred and fifty year birthday. The other thing
we got going for us next year, we got the
World Cup coming to America, which is going to showcase
our country in eight different cities of how lucky we
are to live here. And so that's going to help
us from an international standpoint to showcase what America is
(05:35):
all about.
Speaker 1 (05:36):
You know, it's interesting timing. You mentioned raising Kays, and
that guy takes chicken very seriously. I just saw an
interview with them talking about what he does and how
they get into the very specifics of the birds they
use and what they do with it. It's really it's
really fascinating. But you make a good point. There is
no other place in the world, as we get ready
(05:57):
to matter of fact, they just opened the first raising
case here in in our in our backyard, just just
this last week. But there's no other place in the
world a treasure where you have, uh, the a dream.
You don't have an Indian dream, you don't have a
Chinese dream, you don't have a greatest dream. There's only
one place, the American dream that that that that actually exists.
Speaker 2 (06:21):
And That's why I'm working so hard for President Trump
to create this Golden Age economy. I was with him
in the Oval Office not long ago, and three times
he mentioned, we're going to create a Golden age economy,
a Golden age economy. He wants every zip code in
this country to have the opportunity to prosper. And we're
doing that, and we're gonna We're going to give everybody
the tools in the toolbox to pursue their dreams. And
(06:44):
that's what we're doing.
Speaker 1 (06:45):
I love that getting back on track and the common
sense approach at its finest. I think it's certainly a
well timed and uh, it's about time for it. The
second again, Yes, sir.
Speaker 2 (06:57):
Listen, I think President Trump's the greatest president we've had,
but I can guarantee you he's the greatest jobs and
economic president we've ever had. You look in his first term,
he was saddled with two impeachments, the Russian hoax, and
we were setting records and jobs were growing, and then
COVID hit. And then if you look in the first
ten months, what he's done after he inherited a mess
(07:18):
from the previous administration. Egg prices were high, fuel prices
were high, and now we've had you know, nobody's talking
about egg prices or fuel prices, and jobs are flourishing,
manufacturing jobs, they're coming back to the country. And Wall
Street has had some record numbers, I think seven or
eight times in the recent couple months they've they've hit
(07:39):
record highs. The economy is going to get better. We're
gonna make this economy affordable. We're gonna get fuel prices down.
Let me tell you, I think energy is the key
to everything. And President Trump doesn't just want to be
energy independent, he wants to be energy dominant. And when
you get energy prices down, the cost of transportation for
goods and services goes down, the prices for raising caines
(08:02):
goes down, the prices for lumber goes down. Everything is
related to energy. And this guy understands how important energy is.
And he's got Secretary Bergram and Secretary Right working together,
and we are going to be not just energy independent,
we're going to be energy dominant in this country.
Speaker 1 (08:20):
There you have it. We really appreciate you taking the
time and giving us the latest, whether it's pennies or
we're talking billions trillions. In some cases, we appreciate it,
and the updates keep them coming. Treasury there with the
Department Treasury branded beach. Thank you so much for taking time.
Speaker 2 (08:38):
So thank you for having me. If y'all are ever
in DC, please stop by the Treasury building. There's a
lot of history in this building. You would love to
tour it, and we'd love to host you, so let
me know. And I'd like to come back on your
show down the road and give you other updates. So
thank you for having me, and you and your family
have a happy Thanksgiving.
Speaker 1 (08:55):
You too, sir, Thank you very much. Well, that sounds
what a great offer, folks. I think I would love
to do that. And uh man, I think that would
be incredible. I what what a great story you know
some of those some of these, some of these that
you just never know who you gonna talk to from
some of these folks. Uh that guy was really interesting.
I haven't been back on again yet. It was there
(09:17):
when they struck the last penny. Who could say that
history in the making? All right back after this, folks,
we've got well, we got so much to you. I
hadding something big from this weekend with TIS the season.
Got to share with you about stories that you won't
hear anymore, Papa. Let you join in the conversation too.
(09:38):
After this, it's West Michigan Live.
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