Trump Loses It as US Economy Crashes during War!!!
3/14/202624 mincomplete
0:00Donald Trump has walked right into a death trap of his own, making a global
0:06economic catastrophe the same way Donald Trump bankrupted his casinos.
0:12He's doing it now with the United States economy and the global economy caused by
0:18his unlawful and disastrous war against Iran.
0:23There was a moment when Treasury Secretary Scott Besson this past week was doing that
0:30interview with Sky News. He was spewing the Trump propaganda and saying, there's no cost
0:37that I would be worried about when it comes to this war against Iran.
0:41Donald Trump should be able to spend as much money as he wants.
0:46I will endorse it all.
0:48Or you have a Besson saying, we obviously knew the Strait of Hormuz was going
0:54to be blocked by Iran.
0:56We prepared for this. We wanted this.
0:59When he was spewing all of that propaganda, he got a call from Donald Trump
1:04in the middle of his interview with Sky News, and it looked like he saw
1:08a ghost. It looked like he literally saw a ghost.
1:13I'm going to show you that video in just one moment.
1:16Then he goes back to the interview and he can't even speak in sentences because
1:21behind the scenes, things are going down that are deeply, deeply worrisome.
1:29And Besson knows it. He knows what he and Donald Trump have just unleashed, this
1:36economic death spiral the same way Donald Trump has bankrupted casino after casino.
1:42Just look at what Bank of America is saying right now, right?
1:45A fairly conservative financial institution that doesn't usually release hyperbolic headlines.
1:52Okay. Here's what they said on Friday.
1:54The markets are starting to look like the run -up to the global financial crisis.
2:00Now, what about the S &P?
2:02What are they putting out?
2:03Donald Trump's war in the Middle East could have longstanding effects on the U .S.
2:08economy and credit conditions. Now, let me show you when Treasury Secretary Scott Besson got
2:15a phone call from Donald Trump during his interview with Sky News.
2:19He left in the middle of the interview.
2:21Let me show you what went down.
2:23Let's play this clip. I listened to you on the...
2:26Sorry, I'm sorry. The President wants you...
2:29Sorry, the President wants you...
2:31Oh. Okay. Okay. No problem at all.
2:39See you shortly, Mr. Secretary.
2:41You can work that in.
2:42Mr. Secretary, I have to say, it's a first, I'm sure, a last as well,
2:47that an interviewee's been pulled away to go to the Situation Room.
2:51How was the President? Was he stressed?
2:54No. The President is in great spirits.
2:59The Iranian mission is proceeding well ahead of schedule.
3:04And I have to tell you, well, that I'm a teenager who's considering military service.
3:13And I could give this team my highest compliment from President Trump to the head
3:19of the Joint Chiefs to the Secretary of War.
3:22I would say that I would trust my child's life in their hands.
3:28Now, before he got that call, I just want to show you some other stuff
3:32that he was saying during that interview, where he was like, it was always part
3:37of our planning. This is what he's been telling people.
3:39It was always part of our planning that the United States would have to deal
3:45with the Strait of Hormuz being closed.
3:47That's just what we knew was going to happen.
3:50We always thought we need this international coalition to escort the tankers.
3:55Okay, well, then why would you tariff the entire world and turn all your allies
4:00against you? That makes no sense at all.
4:03Here, play this clip. You're starting to think, if this does keep persisting as it
4:07is, that the Navy has to go into the Strait of Hormuz to help ships
4:12get through, which would have a big effect.
4:14Look, that was always in our planning, that there's the chance that U .S.
4:22Navy or perhaps an international coalition will be escorting oil tankers through.
4:27There are, in fact, tankers coming through now.
4:30Iranian tankers, I believe some Chinese flag tankers have come through, so we know that
4:37they have not mined the Straits.
4:39And was that what you were just discussing in the situation room?
4:42We were discussing a plethora of things.
4:44And is it your belief that the volume of ships going through the Strait of
4:50Hormuz will be improving immediately from now?
4:53It is my belief that as soon as it is militarily possible, the U .S.
5:00Navy, perhaps with an international coalition, will be escorting vessels through.
5:07I remember a few weeks back what he was saying, how 2025 was about setting
5:13the table. 2026 is going to be the banquet for the American people.
5:18This is your banquet, Scott Besant, Treasury Secretary Scott Besant.
5:23This is your banquet. Here, play this clip.
5:26I think, as I've said many times, 2025 is about setting the table.
5:322026 is going to be a banquet for the American people.
5:36The economy is taking off.
5:39We saw 40 ,000 new construction jobs.
5:42Everyone says to me, oh, where are these factory jobs that you planned?
5:46And unlike what you and I see in the financial markets, you can't push a
5:51button and build a factory.
5:53There's lead time. But what we are seeing is big commitments to these factories that
5:58are going to be built.
5:59First, we'll get the construction jobs.
6:01And then the factory jobs are going to come.
6:03So I think we're going to see the tremendous groundbreaking.
6:07So I think we're going to see a lot of factory completions this year.
6:10Now, one of the articles that I think really resonates right now is this one
6:16right here from T .S.
6:18Lombard, Global Watch. And it says, it takes two to taco.
6:23So the ball is now in the U .S.
6:25court. Iran is still shipping its oil and has no incentive to negotiate while those
6:31revenues flow. So really, Treasury Secretary Scott Besson, you prepared for this because China is
6:39able to use the Strait of Hormuz.
6:41You have Iran using the Strait.
6:44They're getting their oil out.
6:46So Donald Trump bombs the Karg Island and thinks that that's going to make a
6:51difference. But guess what? Donald Trump may have been able to taco in the past.
6:56Donald Trump always chickens out when it would come to his tariffs against the world,
7:00that he would make this social media post, that social media post.
7:04But right now, Iran sees Donald Trump as weak.
7:07China and Russia see Donald Trump as utterly weak and pathetic.
7:12And they view this as an opportunity to restructure the global world order to have
7:18the United States in a much, much weaker position.
7:22I mean, you've got Steve Witkoff and Jared Kushner, two of the dumbest people serving
7:28as the main envoys to the United States who botched the negotiations with Iran.
7:35They're out there like partying with the Russians in Miami as we're now removing sanctions
7:41on Russian oil and allowing Russia to make billions of dollars while they provide Iran
7:49with resources and intelligence and capabilities to strike America, American troops and American interests in
7:58the Middle East. What the heck is going on there?
8:00You know, then you have people like this guy, Jameson Greer, the trade representative.
8:05I mean, this is a idiocracy for us to see.
8:12I mean, take a look as Jameson Greer was asked on CNBC about returning the
8:19tariff money that they stole from the people in their trade war against the world,
8:24which turned all of our allies basically against us because we started a trade war
8:30with everybody all at once.
8:32And the Trump regime stole our money and the Supreme Court ruled against them.
8:36So Jameson, can you please return our damn money because you stole it?
8:41And the way he describes it as, well, if we get our money back, that
8:45would be a windfall. What do you mean to be a windfall?
8:48You stole our money, you frauds.
8:50Just a bunch of frauds right there.
8:52Here, play this clip. Ambassador, would you and the administration encourage companies that had higher
9:00costs during this period to seek refunds, that paid tariffs to seek refunds?
9:05And I ask, because I've talked to a number of CEOs who have thus far
9:09been holding off seeking those refunds, worried potentially about the possibility for retribution for seeking
9:16such a thing. Well, if I were these companies and somehow they get this windfall,
9:23the most important thing and the smartest thing they should do is give it as
9:27bonuses to their workers. The whole reason the president imposed these tariffs was to try
9:31to reshore, to fix our massive imbalance in trade that we've experienced over many years
9:37because of China, Vietnam, the EU and others.
9:39If the companies are going to get this windfall, they should pass it along to
9:42their workers as a bonus or a raise because that's the purpose of the program.
9:46It's always been the purpose of the program and the American people should get it
9:50and the companies should give it to their workers.
9:52And then just more lying from Jameson Greer on the Iran war.
9:57Oh, I think it's all going to be resolved in a few weeks.
10:00It'll all be done in a few weeks.
10:02Here, play this clip. What is your expectation for how quickly this war in Iran
10:06is going to end? And if it doesn't, what do you think the global impact
10:10is going to be? Well, I think that we're talking in terms of weeks, right?
10:16When I speak with Secretary Hegseth or the president or others, they're much closer to
10:20it. But obviously, you can't talk about trade without the Iran war coming up and
10:25the effect of oil and gas and what that means.
10:28I think we're talking about a matter of weeks.
10:30Our expectation is that any effects we see will be short -lived.
10:36But we want to watch this, right?
10:38You could see other effects that affect cycles that we tend to see in commodity
10:43markets. So we're watching it very closely, especially if there are particular spikes or if
10:49there are areas where we think we have more resilience.
10:52Now, apparently, what their plan is, just bankrupt everything and then bail out everything, right?
10:58You had Brooke Rollins, the agriculture secretary, now saying, because our farmers are additionally suffering
11:06because the fertilizer prices are through the roof right now, if they're even able to
11:11access fertilizer, because a lot of the fertilizer comes from the Middle East.
11:15She goes, yeah, well, maybe do another bailout for the farmers.
11:18So when you did the tariffs against the world and China refused to buy American
11:23soybeans, you had to do a bailout there.
11:26The input costs for farmers basically made it, you know, everything that the farmers were
11:31doing was a net loss right away.
11:34So you had to bail them out there.
11:36Now you screw them over by starting this war against Iran.
11:41And now one of the impacts is that fertilizer is not coming in, or if
11:46it is, it's so expensive.
11:49And so another bailout, everybody, another bailout.
11:52While they give $40 billion to Argentina, while Donald Trump's rushing to do a state
11:59visit to China. I mean, what the hell is going on here?
12:02Here play this clip. Yes, we'll take questions.
12:04Just to start, are you considering another bailout for farmers who are concerned about the
12:08rising price of fertilizer given the war?
12:10Yeah, so I appreciate that question with what's happening in Iran, what that means for
12:15specifically nitrogen urea, which is one of the key components of fertilizer.
12:19Our farmers are moving into planting season right now.
12:22So the president is very aware of these challenges and these issues.
12:26We are very close to having an announcement on some solutions on what that looks
12:33like. We're looking at every potential avenue to keep the fertilizer costs down as these
12:39farmers are going into planting.
12:40season. No big announcements yet, but it is coming.
12:43I have been in conversation with the Hill on that as they're looking at additional
12:47funds for our farmers. So at this point, everything is on the table.
12:51This president is convicted. He is resolute.
12:55He will stand with our farmers.
12:57He knows that it's a national security issue and we're on it.
13:00So more to come on that.
13:01And with the horrible fourth quarter GDP numbers, uh, with the horrible economic data that's
13:08coming out, you have Ron Johnson and all these mega Republicans saying, you know why
13:14the fourth quarter was bad?
13:15It's the Democrats false. It was the Chuck Schumer government shutdown.
13:20It's like Schumer government. What are you talking about?
13:23Here play this clip. America GDP was down in the fourth quarter.
13:27Why? Because of Schumer's shutdown.
13:30So not only are they not helping us clean up the mess, they're doing everything
13:33they can to frustrate our efforts to, uh, interfere with president Trump's efforts to clean
13:40up their messes. It's, it's really despicable.
13:42Yeah. Great, great points. You're right.
13:45GDP was down from the expectation.
13:47It was supposed to be one and a half percent growth.
13:49We got growth of seven tenths of a percent center.
13:51Meanwhile, you have the Labor Department, which is run by an individual who's under investigation
13:58for engaging in horrific personal misconduct, whose husband was like banned from the Labor Department
14:03building for allegedly sexually harassing people at the Labor Department.
14:07They're putting out videos of Donald Trump dancing to the YMCA.
14:12And it says that Friday feeling when wages are going up and prices are coming
14:17down for American workers, as we put it on the Midas Touch Network, we post
14:23it on our social media.
14:24Yeah, I guess that's the Friday feeling when you lie.
14:28What are you talking about?
14:30Wages aren't up. Prices aren't down.
14:34Let's be very clear. America engaged in an unlawful war against Iran while we already
14:40had a massive affordability crisis here at home where people couldn't afford things.
14:45Trump promised he was going to make things more affordable on day one.
14:49He made things far worse.
14:51People can't afford homes. People can't afford groceries.
14:55People aren't able to get jobs.
14:57People were suffering here. And Donald Trump was covering up a child sex trafficking ring
15:02in the Epstein files. So then Donald Trump starts a war with Benjamin Netanyahu in
15:06Iran. Now everything that was horrible already is now a million times worse.
15:14I mean, if we weren't talking about the war every day, assuming Donald Trump didn't
15:18engage in an unlawful war, we would have been talking about how bad our economy
15:23is with Donald Trump's tariffs against the entire world, which after the United States Supreme
15:29Court struck down and said that Donald Trump's IEPA tariffs are unconstitutional or unlawful, a
15:36violation. Donald Trump then used another law illegally, just invoked the Trade Act of 1974
15:43to impose more tariffs against the rest of the world, to start launching investigations into
15:50all these other countries and to treat them as hostile nations, to screw with the
15:56United States, Mexico, Canada agreement, to screw with all these international trade agreements, rip them
16:03to shreds. And now when we need allies, guess what?
16:06Treasury Secretary Scott Besson, which international coalition is going to join you?
16:10And by the way, you think the Middle East nations are going to be allied
16:14with the United States the way they were before after they see how you have
16:18not helped them at all and you thrust them into this war?
16:22You think that the Asian nations are going to want to do a lot of
16:25business with the United States now as you're taking away their weapon systems to move
16:30it to the Middle East because you were unprepared?
16:32You think that that's what's going down?
16:36And I'll just show you my friend, Justin Wolfers.
16:40He describes how the trust and the relationships with the U .S.
16:45and the world have been utterly shattered as a result of this war.
16:48He goes, even if this war ends quickly, all of the trust has been shattered
16:52right now. Here, play this clip.
16:54The president at a press conference, in a press interview today, looked like he was
16:59more or less declaring victory.
17:00By the way, the president's rhetoric and reality are two very different creatures.
17:04But if he were to declare victory, he packs up, goes home.
17:06It's a very short war.
17:08Your beauty, life can get back somewhat to normal.
17:10It'll never get all the way back to normal.
17:12The rest of the world will remember what happened.
17:15People will have to plan their businesses, understanding that at any given moment, the president
17:19could start a new adventure.
17:20That adventure could disrupt the world, disrupt international relations and disrupt their business.
17:25So that's the, look, this could be over fast and you think story.
17:29Let me tell you the other.
17:30It's history. History tells us that almost every time the U .S.
17:34has gone into war, it is dramatically underestimated how difficult it is to win and
17:39how long it will take.
17:40Let me remind you just before, just in the early days of the Iraq war,
17:45Donald Rumsfeld famously said, we might be there five days, could be five weeks.
17:51I doubt it will be five months.
17:52And it turned out to be much, much longer than five years.
17:55So when someone says on the one hand, it could be measured in days and
17:59the reality is in years, that says they underestimated it by a factor of 365.
18:04If you want to think about that, just think about when someone in Washington tells
18:08you the cost that this war could impose, realize that multiplying that number by 365
18:13remains a possibility. Now, our editor in chief, Ron Filipkowski writes, when asked eight months
18:19ago, when they were going to stop blaming Biden for bad economic numbers, Howard Lutnick,
18:24who partied on Epstein Island, said repeatedly in interviews that the Trump administration would own
18:30them from the fourth quarter of 2025 on.
18:33I wonder if that still will be the case, as we've heard that fourth quarter
18:36GDP was revised down to 0 .7 % growth, core inflation rising to 3 .1%.
18:43And again, that was data before that we're getting now, but that's data from before
18:49the war. And finally, Donald Trump, in addition to tariffing the world, we also know
18:55that Donald Trump has been attacking the Federal Reserve.
18:58Like if you were to go step by step by step and try to just
19:01attack everything to destroy America's strength, like this is a play -by -play book that
19:07you would do. What else do you attack?
19:09The independence of the Federal Reserve.
19:12So Donald Trump's been attacking Jerome Powell, saying lower the interest rates, lower the interest
19:18rates. And Donald Trump launched a criminal investigation into Jerome Powell.
19:24And then you probably know we reported on this on Friday.
19:27Federal Judge Boasberg in Washington, D .C.
19:30quashed the subpoena that the Trump regime's DOJ issued against Jerome Powell.
19:37And here's what was written in the order when the federal judge basically blocked the
19:45criminal investigation into the Federal Reserve.
19:47This is what the judge wrote, federal judge, Jerome Too Late Powell has done it
19:52again. He's too late and actually too angry, too stupid and too political to have
19:57the job of Fed chair.
19:59He is costing our country trillions of dollars.
20:02Put another way, too late is a total loser and our country is paying the
20:07price. And that's a citation to a Donald J.
20:10Trump social media post. Then the judge says, this is one of at least 100
20:15statements that the president or his deputies have made attacking the chair of the Federal
20:20Reserve and pressuring him to lower interest rates.
20:24Then he gives another one.
20:25So is this too late Jerome Powell costing our country hundreds of billions of dollars?
20:30He is truly one of the dumbest and most destructive people in government.
20:34Too late is an American disgrace.
20:37That's a quote. Donald J.
20:38Trump, president of the United States.
20:40Yet the president has been unable to push rates lower through social media posts.
20:45He is thus hinted at other options.
20:48I want to get him out, Donald Trump says.
20:51Several months ago, he mused that if the Fed does not cut rates, I may
20:56have to force something. Then the judge goes on to say, perhaps it comes as
21:00no surprise then that the D .C.
21:03U .S. Attorney's Office has recently opened a criminal investigation into Powell.
21:07It served two subpoenas on the Federal Reserve Board of Governors seeking records about recent
21:12renovations to the board's buildings and testimony that Powell delivered to Congress that briefly discussed
21:19the renovations. The board has now responded with a motion to quash contending the subpoenas
21:25are merely part of a game plan to pressure Powell to bend to the president's
21:29wishes or to get rid of him.
21:31The case thus asks, did prosecutors issue those subpoenas for a proper purpose?
21:36The court finds that they did not.
21:38There is abundant evidence that the subpoenas dominant, if not sole purpose, is to harass
21:44and pressure Powell either to yield to the president or to resign and make way
21:50for a Fed chair who will.
21:52On the other side of the scale, the government has offered no evidence whatsoever that
21:57Powell committed any crime other than displeasing the president.
22:01The court must thus conclude that the asserted justification for these subpoenas are mere pretext.
22:08It will therefore grant the board's motion to quash.
22:10It will also grant the board's motion to partially unseal the motion to quash relating
22:16briefing and this opinion. Now, Donald Trump could just basically walk away and say, you
22:24know what? This one's over.
22:26Let me appoint a new Fed chair in May and then we'll just move on
22:31from all of this because Senator Tillis of North Carolina has stated that he will
22:37not support Donald Trump's new Fed chair until this case goes away.
22:41So Donald Trump could just let this case go away, but that's not what he's
22:44going to do. Donald Trump and Janine Pirro, the former Fox host, who's now the
22:49main federal prosecutor in D .C.
22:52They're like, we're going to appeal this.
22:54We're taking this all the way.
22:55And all this is going to do the same way after Donald Trump lost the
22:59tariff case, he did worse tariffs.
23:02Donald Trump did this. He gauges in worse conduct.
23:05Donald Trump's the way Donald Trump's handling the war just makes things worse.
23:11It's the exact same way he dealt with COVID, but rewind.
23:14It's the exact same way he's dealt with everything in his life, right?
23:18He creates these death traps, these death spirals for himself.
23:22And he makes a bad decision into a worse decision, a worse decision into a
23:28catastrophic decision, a catastrophic decision into a bankruptcy.
23:32When you stand up to him after he huffs and he puffs and he blow,
23:36he's a loser. He is a weak, pathetic loser.
23:43That's who he is. You stand up to him, he will always lose.
23:47Okay. And when he loses, you know, it's, he's all over the place, but he
23:53leaves a trail of destruction and he just tries to then have self -preservation, but
23:59he'll destroy everything around him.
24:01That's what we're seeing play out writ large right now.
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