YT YouTube2Text

YouTube2Text → Transcripts → Entenda em 23 minutos o que Lula REALMENTE FEZ nos últimos 4 anos (veja antes de votar no domingo)

Entenda em 23 minutos o que Lula REALMENTE FEZ nos últimos 4 anos (veja antes de votar no domingo) — Transcript

by Breno Perrucho - Jovens de Negócios · 4,122 words · 632 segments · language en · Watch on YouTube

Open in transcriber Summarize with AI Download SRT/VTT

Full transcript

0:00This is Lula's government plan, not for
0:02the next term, but for this term that
0:05began in 2023 and that we are about to
0:07finish. I read all 121 points of this
0:10government plan and it is surprising
0:12the amount of things the government
0:14promised it would do and did. And that
0:17can be good, but it might not be. After
0:21all, it matters little to promise to
0:23crash a car into a wall and then
0:24execute that promise extremely well.
0:27The damage happens just the same. But
0:30is that what happened? To answer that,
0:33we will evaluate here what were the
0:35achievements for the economy of the
0:36Lula government in these 4 years of
0:38office, what was the balance of what he
0:40promised and delivered. And overall,
0:42how the Lula government really was for
0:45the economy. Right at point number one
0:51of the government plan, it is written
0:53like this: "Brazil needs to rescue the
0:55hope of a country devastated by hunger,
0:57unemployment, inflation, debt, and the
1:00despair of families." There are five
1:02things, five problems that this
1:03government looked at and said: "I am
1:05going to solve this." This makes our
1:07life easier, because it is enough to
1:09evaluate if after 4 years of government
1:11the numbers surrounding these problems
1:13improved or not. So that is what we are
1:15going to do today. Let's start. With
1:17inflation. In December 2022, closing
1:20the 4 years of the Bolsonaro government
1:22, the 12-month accumulated IPCA was at
1:245.79%. In 2023 it closed at 4.62%. In
1:302024 at 4.83%. In 2025 at 4.26%. The
1:37lowest annual inflation since 2018.
1:40Adding all of this up, this term will
1:42close with accumulated inflation of
1:44around 19.7%. If we look at this number
1:48alone, it doesn't mean much. But if we
1:51compare it with other terms, look at
1:53what happens. FHC's first term
1:56accumulated 43%inflation, the second
1:58almost 40%. Lula's first, 28%, Dilma's
2:04first 27%, Bolsonaro's 27%, Lula's
2:08second, 22%. So, according to the IBGE,
2:12Lula 3 achieved a term with the lowest
2:14accumulated inflation of any Brazilian
2:17president since the Real Plan. But wait
2:20, bringing down inflation by force
2:21usually has a price, it's in the basic
2:23economics textbook. To hold back the
2:25rise in prices, you need to brake the
2:28economy. And when you brake the economy
2:30, unemployment rises, and did it rise?
2:32Let's see. Unemployment. In the last
2:36quarter of 2022, 7.9%of Brazilians
2:39looking for work could not find it. In
2:42December 2025, Brazil's unemployment
2:45rate reached 5.1%. It fell. Actually,
2:50this is the lowest number in the IBGE
2:52historical series that began in 2012.
2:54And the number did rise throughout 2026
2:57, but then it fell again. In July of
2:59this year, unemployment was at 5.3%.
3:03Let's see. Wait a minute. The
3:04unemployment rate is a number that lies
3:07easily. It can fall because people gave
3:09up looking for work. It can fall
3:11because the job that appeared is below
3:14the level of those looking. So, how do
3:16we know what really happened? Between
3:192023 and the middle of this year?
3:21Brazil increased the number of formal
3:25jobs by 5.37 million. That is a net
3:27balance. The employed population
3:30reached 103.3 million people. That was
3:33also a record. The number of Brazilians
3:36with formal private-sector jobs reached
3:3939.4 million, also a record, and
3:42informality fell from 39%to 37.5%. In
3:46other words, it wasn't just more jobs
3:48that appeared, but more formal jobs.
3:50Furthermore, the average income of the
3:52Brazilian worker in 2022 was R $ 3,032,
3:55and that was the worst number since
3:572012. And in 2025, this number reached
4:01R $ 3,560. It was a real gain for the
4:04average worker's income, already
4:06adjusted for inflation by 17.4%. So the
4:10total income mass, which is all the
4:12money that reaches all Brazilian
4:13workers combined, also broke a record.
4:16And finally, the minimum wage went from
4:19R $ 1,212 to R $ 1,621. Adjusted for
4:22inflation in the period, the real
4:24purchasing power increased by 15%for
4:26those earning the country's wage floor.
4:29Wow. So, with both the cumulative
4:31inflation of the term and the
4:33unemployment rate reaching a historical
4:35low, it seems the two biggest problems
4:37on the list have been solved. But have
4:40they? Let's continue. The third problem
4:43addressed was hunger. So, the FAO,
4:46which is the UN's Food and Agriculture
4:48Organization, releases a report showing
4:50which countries in the world are
4:52critical regarding the percentage of
4:53the population facing hunger. And if
4:56the prevalence of undernourishment
4:58stays above 2.5%of the population, it
5:00enters the hunger map. If it stays
5:02below, it exits. And Brazil had already
5:06left the hunger map once back in 2014
5:08and returned to it in the 2022 report.
5:11But in July 2025, Brazil exited again.
5:15The prevalence of undernourishment in
5:17Brazil was 2.4%, and in 2026, Brazil
5:20remained off the hunger map. And
5:23according to the IBGE, more than 2
5:25million households moved out of food
5:26insecurity in a single year. So, it
5:29seems the third problem has been solved
5:32. Let's move to the fourth. The fourth
5:36is discouragement. Discouragement is
5:38the term for those who stopped looking
5:40for work because they gave up. And
5:42discouragement appears in the labor
5:44underutilization rate, which combines
5:46the unemployed, underemployed, and
5:48discouraged. In 2022, the labor
5:51underutilization rate was at 20.8%. In
5:542025, it was at 14.5%. And in the most
5:58recent data, 13%. Wow. So, the fourth
6:01problem seems to have been solved as
6:02well. Now, regardless of the conclusion
6:05we reach on the fifth item, which is
6:07indebtedness, with four out of five
6:09items solved, it seems undeniable that
6:12the Lula 3 administration was a good
6:14government. Look, everything you said
6:16is true, but it's still one of the most
6:18dishonest speeches I've ever heard. Pay
6:20attention. You are showing the end
6:23result while omitting how those results
6:25were achieved. It’s like that friend
6:28of yours who suddenly shows up with a
6:30brand-new car, a new phone, buys drinks
6:31for everyone, and everyone looks and
6:33thinks, "Wow, he’s doing well." And
6:36nobody knows he went into debt for
6:37three generations because he didn't
6:38have any money to pay for the drinks
6:40upfront. And by the way, you skipped
6:42exactly that item, the fifth one, which
6:44is indebtedness. Item five. There are
6:49already more than 66 million people in
6:51default. This was the problem they
6:53promised to solve. They created an
6:55entire program for it, "Desenrola," and
6:58renegotiated 3 billion reais in debt.
7:00Do you know how many are in debt today?
7:0283.9 million Brazilians. A 27%increase
7:07in the number since the start of the
7:08administration, and also the highest
7:10number in the historical series. But
7:12indebtedness is just the tip of the
7:14iceberg regarding the failures of the
7:15Lula administration. You used his own
7:17government as a yardstick, didn't you?
7:19I’m going to do the same thing,
7:20except you only read the first few
7:22pages, and I read the rest. I think
7:27this debate is going to be more fun
7:29than I thought. Ah, let me get ready.
7:32Welcome to the debate of the century.
7:34On one side, Breno the PT supporter,
7:37ready to defend his ideas. On the other
7:39, Breno the Free-Market advocate,
7:42prepared to refute every argument. And
7:45in the center of this discussion, our
7:48beloved Breno the Presenter, trying to
7:50keep order, control tempers, and
7:52hopefully make it to the end alive. Let
7:56the debate begin.
7:58We can start. Among the many promises
8:02made by the government, in item 62 of
8:05the plan, it says, and I quote: "We
8:07will reverse the process of
8:08deindustrialization, we will increase
8:11the rate of public and private
8:13investment," and also in item 64 it is
8:15written that the plan is to reduce the
8:17cost of capital. And what is the name
8:20for the cost of capital here in Brazil?
8:22The SELIC rate. When the Lula
8:25administration took office, the Selic
8:27rate was at 13.75%, and today it is at
8:3013.75%. Exactly where it started;
8:34almost 4 years to return to the
8:36starting point. However, today Brazil
8:39has the highest real interest rate in
8:41the world at 8.45%per year, while the
8:43average of the 40 largest economies in
8:45the world is 1.62%. And maintaining
8:49high interest rates creates exactly the
8:51problems the government said it wanted
8:53to solve. Think about it, imagine you
8:56are the owner of a company and have
8:58millions in currency to decide between
9:00building a new factory 10 years from
9:02now, which would then start generating
9:05around 20 to 25%per year in results. Or
9:07you leave the money in the national
9:09treasury earning 13%per year with no
9:12risk at all. What do you do? So, a
9:14significant portion of business owners
9:16do not take the risk. And small
9:17entrepreneurs don't either. But the
9:20biggest problem isn't the businesses
9:22that fail to start, it's the businesses
9:24that die due to the brake on economic
9:26activity caused by so many consecutive
9:28years of high interest rates. 2,466
9:30companies filed for bankruptcy
9:33protection in 2025 alone. This was the
9:36highest number since Serasa began
9:37counting in 2012. We had only one IPO
9:40in the entire term, compared to 79 in
9:42the last term. We had 40 Brazilian
9:45companies fleeing to Paraguay during
9:47this Lula term, paying their taxes
9:49there, creating jobs there, and
9:51supplying the local economy there with
9:53more competitive prices than here. Do
9:56you see where all this leads? Reducing
9:59the bonanza for business owners was a
10:01necessary price to reduce unemployment,
10:03to reduce hunger, and also to control
10:05inflation. What matters is the final
10:07result for the majority of the
10:08population, which was positive. Poverty
10:11in Brazil fell from 31.6%of the
10:13population to 23.1%. This means that
10:1717.6 million Brazilians have moved out
10:20of poverty. What could matter more than
10:22the social gain that all of this
10:23represents? Do you know what you are
10:25doing? You are looking at the snapshot
10:26without seeing the whole movie. Want to
10:28see? Imagine a father who earns 3,000
10:29reais a month, but he decides to take
10:31out 100,000 reais in overdraft and
10:33credit card debt. So with that, he buys
10:35a new car, takes his family to Disney,
10:37and has a barbecue with prime steak
10:39every weekend. If you take a picture of
10:41this family that year, well, the photo
10:43is beautiful, right? They’ve escaped
10:45poverty, they have assets, they’re
10:47happy, they’re well-fed. But what
10:49happens the following year? The bank
10:51comes to collect the debt with interest
10:52. The father loses the car, the father
10:54loses the house, and his bad credit
10:56keeps him from getting another job. And
10:57the family falls into a spiral of
10:59misery much worse than where they were
11:01before. That is exactly what populist
11:04governments do. They create a sense of
11:06artificial wealth in the short term,
11:08injecting non-existent public money
11:10into the economy through aid and
11:12unfunded spending. And so businesses
11:14sell more, unemployment drops
11:16temporarily, poverty decreases in the
11:18photo, and the government gains
11:19popularity. But the price of this is
11:22the increase in state debt. And when
11:25the bill comes due, and it always does,
11:27it comes as inflation, it comes as
11:29stratospheric interest rates, and it
11:31comes as structural unemployment. You
11:34haven't actually lifted people out of
11:36poverty. You’ve only bought this
11:38year’s numbers with money from future
11:40generations. That’s exactly what is
11:41happening. And I can prove it to you;
11:44when this government took office,
11:46Brazil's gross debt was 71.6%of GDP.
11:49Today, it's at 82.5%. And the debt is
11:52rising because the government is
11:53spending more than it earns. Look at
11:55the numbers. In the last year of the
11:56previous administration, even after the
11:58hole left by the pandemic, Brazil
12:00closed its accounts in the black with a
12:02surplus of over R $ 50 billion. Revenue
12:04was growing faster than expenses. And
12:06what did Lula do? Even before taking
12:09his seat, he approved the transition
12:11amendment to get permission to spend
12:12almost 150 billion more. And the result
12:15? An accumulation of over R $ 34
12:17billion in deficit in just one year,
12:20with no surplus. And do you know who
12:22paid the bill? You, with your taxes,
12:25with the tax burden on GDP going from
12:2831.2%in 2022 to 32.4%in 2025. It was
12:32practically a new tax every month,
12:34causing Brazil to reach the highest tax
12:36burden on GDP in history, as recorded
12:38by the Treasury's data series. Get it?
12:41So, the Central Bank has kept interest
12:43rates high as a consequence of the
12:45increase in the public deficit and
12:48rising public debt. And those sky-high
12:50interest rates translate into
12:51apparently controlled inflation. The
12:54increase in public spending translates
12:55into a reduction in unemployment, a
12:57reduction in hunger, and a reduction in
12:59poverty in the short term. But this
13:01snapshot doesn't hold up unless the
13:03government balances the public accounts
13:05. Otherwise, inflation will arrive.
13:07It’s not a question of if, it’s a
13:08question of when. Unemployment will
13:10rise, hunger will grow. All due to
13:13populist measures meant to give the
13:14impression that the government was
13:16doing an excellent job, when in fact it
13:18was planting a time bomb for the next
13:19administration. And quickly, guys, the
13:23coffee’s gone. You know what I’m
13:28thinking? That you still haven't
13:30subscribed to the channel. But there is
13:31something more important than that.
13:33Regardless of who is right in this
13:35debate, the undeniable truth is this.
13:38Over the last 30 years, under all types
13:41of governments, the real lost 86%of its
13:44purchasing power, while the dollar lost
13:46only 50%in the same period. And if you
13:50leave all your money hostage to Brazil,
13:52waiting for the next government to fix
13:53the economy, you will end up poorer.
13:57That’s why I’m hosting a private
13:59Zoom call called "Open Portfolio,"
14:01where I’ll start a global investment
14:04portfolio from scratch with my own
14:06money to show you the most efficient
14:08way to invest abroad and protect your
14:10wealth. If you want to secure your spot
14:18at the current price, the first link in
14:19the description is yours. Now, let's
14:26get back to it. It’s very easy to
14:33take all the concrete victories of a
14:35government and try to discredit them
14:37with the argument that, oh, but in the
14:39future things will go wrong. Obviously,
14:41there will be problems in the future.
14:42This is Brazil, man. Problems are more
14:44common here than stray dogs at a
14:45barbecue. The point is today. And you
14:48cannot deny the facts. The Brazilian
14:51GDP per capita rose 7.92%between 2023
14:54and 2025. People are producing and
14:57consuming more. And education, which is
14:59the most important pillar for the
15:01long-term success you defend so much,
15:02education saw one of the biggest
15:04advances in PISA in the last 20 years.
15:06We were the seventh country that
15:08advanced the most in math and reading,
15:10and the eighth that advanced the most
15:12in science out of 89 countries. And you
15:14talk about populism, right? This is a
15:16snapshot, not a film, but it ignores
15:18the real world. The IBGE itself showed
15:21that if not for the increased spending
15:22to fund programs like Bolsa Família
15:24and BPC, which is the benefit that
15:26guarantees a minimum wage to low-income
15:27seniors and people with disabilities,
15:29extreme poverty in Brazil would have
15:31jumped to 10%of the population. We kept
15:34that percentage at 3.5%, and that’s
15:36millions of lives saved from absolute
15:38misery. And there's more: Lula's
15:40administration faced the US Federal
15:42Reserve with its highest interest rates
15:44in 22 years, with the United States
15:45sucking up dollars from all over the
15:47world. Furthermore, we suffered 3 years
15:50of falling commodity prices and we took
15:52an 89 billion real loss from the floods
15:54in Rio Grande do Sul, and there was
15:57also Trump's 50%tariff, which in theory
15:59would destroy exports. But do you know
16:01what happened? The government overcame
16:04all of that. In 3 years, Brazil
16:05accumulated more trade surplus than the
16:08entire previous term accumulated in
16:10four. It was 241 billion dollars
16:12against 220. And just in 2023, the
16:15first year of Lula's government, it was
16:17an all-time record, nearly 100 billion
16:19in a single year. And the dollar, which
16:22Bolsonaro handed over to Lula at 5.21
16:24reais, is at 5.15 today, meaning it
16:27fell. Okay, let's separate luck from
16:31facts. First, Brazil did indeed advance
16:35in PISA, okay? But it was totally the
16:37opposite of how you implied. Look at
16:39these charts here. Our scores only had
16:41small increments over these last two
16:44decades. What actually happened was
16:46this right here. The developed
16:48countries plummeted. They were the ones
16:50that fell. It wasn't Brazil that rose.
16:52We only appeared to advance as a
16:54consequence of the fall of other OECD
16:56countries. And it wasn't merit from our
16:58government, it was a failing abroad.
17:01The harsh reality is still that out of
17:0389 countries evaluated, Brazil is in
17:0471st place. Celebrating this is like
17:07celebrating getting a grade of three on
17:09a test just because the class nerd got
17:11sick and turned it in blank. And using
17:13Bolsa Família and BPC as great
17:15victories of this government. Frankly,
17:17not cool, bro. The BPC has existed
17:20since '93, regulated under the Itamar
17:22Franco administration, and Bolsa
17:23Família was created in 2003, combining
17:25programs that FHC had created
17:27separately, and it survived all these
17:29terms that have passed since then,
17:31including even the last Bolsonaro term,
17:33just under the different name Auxílio
17:35Brasil. So, saying that if it weren't
17:37for these programs, extreme poverty
17:39would be at 10%, is a cheap logical
17:41trick, because obviously it would be,
17:43but this safety net was already there;
17:45it's not a merit of this term. Oh, but,
17:47man, the GDP per capita grew almost 8%.
17:50It grew, but the group of middle-income
17:52countries, the club that Brazil belongs
17:55to, grew 11.6%per capita in the same
17:57period. We grew less than the class
17:59average. We are a C-grade country, and
18:02you cite global crises to paint the
18:04government as a great hero that fought
18:06against every tide and every storm.
18:08This omits the series of colossal
18:09strokes of luck we had that had
18:11absolutely nothing to do with the
18:12government. Pay attention. Our
18:13agribusiness alone accounts for 25%of
18:16our GDP. And it broke record harvest
18:18after record harvest. Do you know why?
18:21Because the Trump tariff you mentioned
18:22was the same one that made China stop
18:24buying from the United States and come
18:25buy everything it needed. Where? Here,
18:28where we became the substitute farm.
18:31Even the closure of the Strait of
18:32Hormuz during the Iran war, which was
18:34the biggest oil chaos in recent history
18:36, sent oil prices sky-high and,
18:38according to the IMF, injected another
18:400.2 points of GDP into Brazil for free,
18:42just because we were selling oil at a
18:44higher price. The truth is this, look.
18:46While we set off fireworks and the
18:48government runs TV ads because our GDP
18:49grew, the average for emerging
18:51countries in the world was growing more
18:52. In the end, we lost share in the
18:55global economy. The boat rose not
18:57because we rowed harder than the others
18:59, but simply because the world tide
19:02rose. The growth didn't come because of
19:04the government, it came in spite of it.
19:07But there was also the issue of the tax
19:09reform. That is an important point.
19:11Exactly. It was 30 years of governments
19:14with the impossible promise to simplify
19:16Brazil's tax asylum. And it was the
19:18Lula government that managed to unify
19:20the taxes into a VAT. It will end that
19:22circus of PIS, Cofins, IPI, ISS, and
19:25ICMS. Now everything will turn into
19:28just two taxes, the CBS and the IBS.
19:30Now, business owners will no longer
19:32need to hire an army of accountants to
19:34understand what taxes to pay. And the
19:37reduced bureaucracy this will bring
19:39will already help Brazil attract
19:41business in this coming decade, and
19:43furthermore, it will directly benefit
19:45our manufacturing industry. How so? You
19:47know there is the primary sector, which
19:49is the extractive industry, the one
19:51that pulls wealth from the land,
19:53planting and harvesting soy, extracting
19:54iron ore from the mountain, pumping oil
19:56from the bottom of the sea. The
19:59manufacturing industry is the one that
20:01takes this raw wealth and makes complex
20:02things. For example, it takes iron ore
20:05and makes steel. It takes steel and
20:08makes a car or a tractor; it takes oil
20:10and makes plastic. It takes plastic and
20:12makes a laptop. It takes soy and makes
20:14refined oil or industrialized food. The
20:16primary sector employs proportionally
20:19fewer people and requires less
20:20continuous innovation than a
20:22cutting-edge factory. That is why the
20:24manufacturing industry is considered an
20:26engine of a country's wealth. It is the
20:29sector that requires the most
20:30technology, generates the
20:31highest-paying jobs, demands engineers,
20:33designers, and technicians, and creates
20:35a massive supply chain around it.
20:37Because whoever manufactures cars needs
20:39to buy tires, glass, paint, leather
20:41seats, and so on. In other words, the
20:45tax reform approved by the Lula
20:46administration is what will enable us
20:48to stop being just a giant farm or mine
20:51that exports cheap raw materials while
20:53having to import expensive technology,
20:55allowing us to start manufacturing
20:57high-value-added products, which is
20:58what truly makes a country rich. First,
21:04we approved a VAT that is on track to
21:06literally be the highest on the planet,
21:08nearly 28%. And do you know why the
21:11rate became so high? Because the
21:12original idea was beautiful: everyone
21:14pays the same, it becomes cheaper for
21:15everyone. But the text reached Congress
21:17and turned into a Frankenstein; there
21:19were discounts here, exemptions there,
21:21and special regimes for friends of the
21:22government. And since the government
21:24won't accept collecting a penny less,
21:26the base rate for those without a lobby
21:28exploded to compensate. And in fact,
21:30you are right, the manufacturing
21:31industry will benefit, and that is
21:33incredible. But guess who will pay this
21:35bill? The services sector. It’s the
21:39medical clinic, the software developer,
21:40the school, the accounting firm, the
21:42advertising agency. The services sector
21:45is the largest employer in Brazil,
21:47responsible for over 60%of our GDP, and
21:49is the engine of our modern economy.
21:52And it just got tackled to benefit
21:54something that currently represents
21:56only 10.8%of the GDP. In other words,
21:58the sector that accounts for six out of
22:00every R $ 10 produced in the country is
22:02picking up the tab to benefit a sector
22:03that accounts for one. Furthermore,
22:05during this transition period we are in
22:07, no one wins with this measure. What
22:09you pay in new taxes in 2026 is simply
22:11deducted from the old one. So, the cash
22:13flow doesn't change at all. What
22:14changes is everything else. The invoice
22:16system has to be redone, the software
22:18has to be changed, and the accountant
22:20now has to learn two regimes at the
22:21same time. So no, you are not paying
22:23more tax; you are paying more people to
22:25calculate the same tax. And the one who
22:27gets hit is usually the small
22:29entrepreneur who doesn't even have a
22:30tax department. Guys, I think one thing
22:34is clear here. The verdict depends on
22:36the yardstick, not the grade. So,
22:37whoever measures a government by how it
22:39improved the lives of those at the
22:40bottom will now say the Lula
22:41administration delivered what it
22:43promised. And those who measure it by
22:45the country's capacity to keep
22:46improving afterwards will say the
22:48opposite. But while they keep fighting
22:50and arguing over the future of the
22:52country, you need to decide the future
22:54of your money. Whoever invested in the
22:56Ibovespa over the last 20 or 30 years
22:57lost to whoever invested in fixed
22:59income here in Brazil. And whoever
23:01invested in fixed income lost by a
23:02landslide to those who invested in the
23:03US stock market, through the S&P 500.
23:06However, investing in the United States
23:08simply by buying a foreign ETF like SPY
23:11, or SPX, or even an ETF here in Brazil
23:13like IVVB11, is an inefficient decision
23:16from a tax and asset protection
23:18standpoint. There is a more efficient
23:21way to accumulate wealth over the long
23:23term. And that is exactly what I am
23:25going to show you in practice. By
23:26opening my computer screen in a closed
23:28Zoom call. In the open portfolio, I
23:31will take my own money and build a
23:33global investment strategy from scratch
23:35along with you. It’s been 4 years
23:37since I last showed my investment
23:38portfolio here on the channel, let
23:40alone at this price. The link is right
23:42here in the description so you can be
23:43part of the open portfolio. So click on
23:45the link to secure your spot before the
23:47class fills up. Best regards. See you
23:50inside Zoom.

About this transcript

This page contains the full transcript of Entenda em 23 minutos o que Lula REALMENTE FEZ nos últimos 4 anos (veja antes de votar no domingo) by Breno Perrucho - Jovens de Negócios, generated from the public captions YouTube serves with the video. The transcript has 4,122 words across 632 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.

What you can do with it

Use the transcript to take notes, quote the speaker, build a study guide, generate a summary with ChatGPT or Claude via the YouTube Summary tool, or export it as a timed subtitle file with YouTube to SRT. You can also re-open it in the transcriber to translate the transcript into 100+ languages.

Free YouTube transcript tool

YouTube2Text is a free YouTube transcript generator — no signup, no daily limit. Paste any YouTube link and get the full transcript instantly, with timestamps, click-to-jump, translation to 100+ languages, AI prompts for ChatGPT, Claude, and Gemini, and exports to TXT, SRT, VTT, or Markdown.