Stephanie Ruhle
speaker
1,137 appearances
8 recordings
6 series
first heard Dec 2024
last heard 12 Jun
Stephanie Ruhle’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Jun 2026 with 2.
Appearances
No, it's will the Fed come in and start buying up treasuries? Because as long as we're talking trade war, and I promise I won't get that nerdy, one of the problems is some of the largest holders... The people who own the most treasuries are other countries. China is one of the biggest holders of U.S. treasuries.
And if they decide to dump them or not show up for our next treasury auction, that's what a nasty trade war looks like. And they have the ability to do that. They've been quietly buying up and publicly buying up U.S. treasuries for years and years and years. And they've got us by the bond balls.
In part, because it's ignoring the fact that even if you are in manufacturing, we have a global supply chain. Okay. So take autos for a second. It's not that we don't build cars here. We do. We efficiently build cars here.
parts of it we build here, parts of it we build in Mexico, some parts of it we build in Canada, or even if you wanted to build a whole new plant, the pieces you need, the parts you need come from abroad. So this notion of this manufacturing renaissance that's coming back was completely ill-conceived because there was no strategic planning around it.
And that's why you're seeing, yes, even manufacturing get hurt.
Well, I would say Donald Trump is most definitely happy. The Trump family is happy. Donald Trump is wealthier than he's ever been. When he was actually a businessman in real estate, he inherited a huge New York real estate portfolio where he lost an enormous amount of money. But finally, as president of the United States in 2025, he and his family are wealthier beyond their wildest dreams.
And where has he made money? in businesses that many people believe are Ponzi-like. Crypto, in his massive crypto exchange, and Truth Social, which is a social media platform that doesn't actually make any significant money, but trades at a huge, huge multiple. Because whether it's Trump's meme coin or his crypto exchange or Truth Social,
The greatest way you can get something from Trump and curry a favor is to give him money. If you ask me what business has been spending the most amount of time down at Mar-a-Lago, it's crypto guys, right? You're seeing Justin Sun who's being investigated by the government and his company. This is the guy who bought a piece of art. It was a banana duct tape for $6.5 million.
He put $75 million into Trump's business and that investigation into him, poof, it went away. Last week, the Department of Justice announced they are going to end prosecuting and investigating crypto as an industry. They are only going to look at it. if the crypto is being spent on terrorism or trafficking or real, real bad crimes. So Donald Trump himself is making a killing, right?
While everybody was spinning, panicked over what to do with tariffs, he was at Mar-a-Lago for the live golf tournament, making an enormous amount of money. And so I would compare where we are to Russia in the 1990s as they were breaking down their government and their economy to the studs and privatizing it. That's where we're headed.
That makes me think about Eric Trump, who has repeatedly said, I'm a private businessman. I have nothing to do with the government. What, are you kidding me? This is a person who just weeks ago said, you know, buy crypto, it looks cheap when there was a dip. And then just a couple of days later, the White House announces, oh, we may be putting together a crypto reserve.
And when I talk to some of the biggest names in finance, something that is just making their heads spin, Just think about this. The government is defunding science to buy crypto, right? If that doesn't warn you, if that doesn't concern you and put you in a panic, it should. And this is a business that has no transparency. I remember Eric Trump saying, you know, we learned about crypto.
We got involved in crypto after January 6th when no one would do business with us. Red flag. If no one will do business with you, but crypto has its arms open wide and ready to embrace you, then there's something up with crypto.
And I actually know some really smart, sophisticated crypto investors who hate what Trump is doing in the crypto space, because even though in the short term it's great for them, it delegitimizes it. Because if you believe in the legitimacy of crypto, what he's doing right now just makes it look like, you know, crimes that they've legalized.
That spring, the Statue of Liberty is now wrapped and tangled into that spring. And that goes right back to what he's doing with Harvard. Donald Trump and Stephen Miller love this fight with Harvard because they want to present this as their war against sort of liberalism and universities.
But where it's so misguided and where the American people should understand it, this is not about anti-Semitism.
And just the notion that they are taking money from the likes of Harvard and they want you to close your eyes and think that there's a professor somewhere smoking a pipe who's panicked that they're going to lose their tenure and they're not going to be able to go on a reading tour this summer. No. If you looked at the humanities budget at Harvard or Yale or any of these schools,
It's a rounding error. When Donald Trump pulls $2 billion from Harvard and threatens their tax exempt status, the only thing I want you to think about is Harvard's medical research. The work that they do for decades and decades, I'm going to get choked up thinking about it, and the millions of lives that it saves, right? Our medical research, the kind of research
that the government funds is the research that private industry won't because there's not going to be a vaccine right away and they can't turn it around and make money off of it.
But we've got people that are plagued with terminal diseases and illnesses that you've got our best in class, world renowned medical centers, researching and studying scientists who devote their lives to it, who could work, in private industry, but they don't.
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