Trump Holds Disaster Meeting on TV as He Tanks Economy
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What economic challenges are Americans facing right now?
As our markets are tanking, as Americans are terrified about what is going to happen with their 401ks and what the economy is going to look like the next day, and Donald Trump's own meme coin, dollar sign Trump, is in the gutter, so is Melania's. What is Donald Trump doing in the White House today? Well, nothing says man of the people like bringing a bunch of billionaire billionaires crypto bros into the White House to hold a crypto conference. Here's Donald Trump at this crypto conference with the billionaire Bitcoin bros. And he's saying that there were big problems under the former Bitcoin administration. Was he mean to say the Biden administration? Here, play this clip.
Institutional finance. under the Bitcoin administration, regulators strong-arm banks. I mean, they really did. They strong-armed banks into closing the accounts of crypto businesses and entrepreneurs, effectively blocking some money transfers to and from exchanges.
Yeah, this was an incredibly odd conference. Again, as our economy right now is suffering from the effects of Donald Trump's policies, Donald Trump has David Sachs in his crypto czar who talks about how some of the crypto bros there thought that they may be in jail, that they may have been in prison. But here they are in the White House, everybody. Yeah, I'm sure this is exactly what's top of your mind right now. Here, play this clip.
Words. Cameron or Tyler, do you want to?
You're very shy in front of the camera.
Actually, Cameron, I think you said something earlier that I thought was really profound. You said that a year ago you thought it would be more likely that you'd end up in jail at the White House. Not to put you on the spot, because you didn't do anything wrong, but that was the environment a year ago. But do you guys want to say something?
Sure. That was actually Tyler who said that.
I'm sorry. I still get mixed up.
And of course, as Donald Trump's tanking your 401k, of course, as the markets each and every day are utterly chaotic, here's Donald Trump talking about whether there should be a FIFA coin, a FIFA coin. Yeah, here, play this clip.
And so... FIFA is very, very interested, under my presidency, to develop the FIFA coin, to do it from here, from America, and to conquer the 5 billion soccer fans in the world. So if there is anyone here who is interested to team up with FIFA, here we are in the United States of America, and we will conquer the world of soccer with the FIFA coin.
Thank you. That coin may be worth more than FIFA in the end. It could be quite a coin, actually.
Anyway, thank you. And here's Donald Trump's Treasury Secretary Scott Besant at this crypto conference. And he's saying, look, we're going to make everything better with crypto. Basically, don't you worry about that we're now hearing about stagflation. That means surging inflation and low GDP. In fact, GDP contraction. I think the Federal Reserve out of Atlanta expects it to be, what, negative 2.8% GDP in quarter one. The jobs that were created this past month, just through February 15th, did not meet expectations. The markets are frazzled, but here's what Scott Besant has to say. Play this clip.
David, so today when President Trump has signed the executive order to establish the Strategic Bitcoin Reserve and Stockpile, we're going to position the United States as a leader among nations in the digital asset strategy. It's important for the United States to recognize this fact and get ahead of the other nations in the digital age. We applaud the president's direction to use the digital assets already in possession of the nation. And we are going to establish this Bitcoin reserve. We will use this authority to augment the assets side of the United States balance sheet. As I've said many times, President Trump is creating assets for the American people, while most past presidents have created debt.
And a large part of this asset program can be in digital assets.
And again, while Americans are just looking for there to be lower prices, high paying jobs, you know, the things that Donald Trump actually promised when he was campaigning. Here, Donald Trump says, from this day forward, America will follow the Bitcoin rule that all Americans care about, which is never sell your Bitcoin. What are they talking about here? Play this clip.
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