Trump has Disaster Presser as US Hits 40 Trillion Debt

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The MeidasTouch Podcast 16 min 4 speakers 8 chapters transcribed 1 month ago
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Why is Trump’s press conference called a disaster as US debt tops $40 trillion?

Ben Meiselas 0:00
Donald Trump just wrapped up a disastrous press conference in the White House at the same time that the total debt of the United States now exceeds $40 trillion, and over 30% of that is attributed to Donald Trump. Donald Trump's disastrous press conference featured crypto leaders and tech leaders. And just as the US national debt exceeded $40 trillion, it also just so Happen while those crypto leaders were in the White House that Bitcoin rose in value over 7% today. Let me show you what went down during this disastrous White House press conference. Donald Trump said that he loves to hear bad economic numbers here. Play this clip.
Donald Trump 0:42
Pretty simple to me, but it's a killer. You know, I almost like to hear bad numbers. I'm saying, I hope we have bad numbers today. Interest rates will go down. It doesn't make sense.
Ben Meiselas 0:51
And then he said, Every time I hear our country is doing well, I say too bad, and that makes me upset. Here, play this clip.
Donald Trump 0:59
Well, interest rates should go down. I mean, every time I hear our country is doing well, I say, Oh, it's too bad. Because they've lift up interest rates. They should drop interest rates because it means we have a strong country.
Ben Meiselas 1:11
Now, before Donald Trump uh arrived, he made the crypto and tech leaders wait for over an hour, and some members of the press were mocking them, asking if they wanted to play Red Rover, Red Rover. Here, play this clip.
Unknown 1:26
Not very good at answer. We have a few Bitcoin those.
Ben Meiselas 1:39
And of course, we continue to see Donald Trump's cognitive and physical decline. You can see Donald Trump's droopy face as he falls asleep while the SEC chair was talking. Here, play this clip. More of Donald Trump falling asleep as some of these tech people or crypto people are speaking. You can see for yourself Donald Trump sleeping. Let's
Unknown 2:05
play it. Tokenization will open up markets that have long been out of reach, including private companies. Today, too much economic value is being created before ordinary investors get a chance to participate.
Ben Meiselas 2:20
While Donald Trump was sleeping, he was also making these very weird faces. It was like he was having these involuntary spasms where he would just make like these weird smiles. I'll show you what it looked like so you can see for yourself.

What did Trump say about bad economic numbers and how did Bitcoin react?

Donald Trump 2:55
But we're also on the very beginning of a revolution and fictional and financial. You you take a look at some of the things that have been done on a financial basis and the financial technology that's the potential to create more jobs, opportunity, and wealth for all Americans. And that's what it's doing, is creating jobs and great wealth.
Ben Meiselas 3:16
And then he was excited to show off the Winklevoss brothers, who he refers to as my male models, who happen to be geniuses behind him. Again, so utterly deranged here play this clip.
Donald Trump 3:33
My male models who happen to be genius. They're brilliant and they look good, right? But uh anybody would you like to say something? Go ahead.
Unknown 3:41
Just wanna thank you, Mr President, for All of your leadership. America should lead in crypto.
Ben Meiselas 3:47
And then he started to attack Switzerland and says, If I want to, I will cut off all business to Switzerland. Let's play this clip.
Donald Trump 3:56
Yeah.
Mat Nuclear 3:59
Uh is the administration done enough to stabilize the one market after you get the
Donald Trump 4:03
money. Well I think it is, but I mean the the it's it's very sad. Every time we do great we announce great numbers the interest rates go up. And they go up because they want to stop inflation. They should go down because the country's strong. You know, I see countries like Switzerland where they're the number one lowest interest rates, a half a percent. And we pay three and a half percent. And yet if we stop doing business, for instance, I have the absolute right to cut off all business with a country like Switzerland, like anything. So why are they prime if I can cut off the business and they are no longer functional? And yet they're considered to be like an elite country. And I don't want to single them out because there's
Donald Trump 4:39
Sixty countries like that. They live off the United States. So why are we paying higher interest rates than them?

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