Trump Holds Disaster Meeting on TV as He Tanks Economy

0:00As our markets are tanking, as Americans are terrified about what is going to happen with their 401k's 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 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.

0:42Was 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 on 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 imprisoned.

1:29But here they are in the White House, everybody. But 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 Cameron. 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? the either one. Sure. That was actually Tyler who said that.

2:03Sorry, 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 five billion soccer fans in the world so if there's anyone here who's interested to team up with fifa here we are I guess it was the United States of America, and we'll conquer the world of software with the FIFA coin.

2:56Thank you. 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 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.

3:48The markets are frazzled. But here's what Scott Bessent 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 use this authority to augment the asset side of the United States balance sheet.

4:32As 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.

5:20The federal government is already among the largest holders of Bitcoin, as you know, really one of the largest holders in the world with as many as 200 ,000 Bitcoin obtained via civil law and various other forms of law, and including enforcement actions. These existing holdings will form the foundation of the new reserve. Unfortunately, in recent years, the U.S. government has foolishly sold tens of thousands of additional Bitcoin that were worth billions and billions of dollars had they not sold them, but they did sell them mostly during the Biden administration. Not a good thing to have done.

6:01From this day on, America will follow the rule that every Bitcoin knows very well, never sell your Bitcoin. That's a little phrase that they have. I don't know if that's right or not. Who the hell knows?

6:18Who knows? Who knows? But so far, it's been right. And we'll let's. Now, I want to remind you as well about the post that Donald Trump made back on March 2nd, where he talked about a U.S. crypto reserve. And he mentioned a lot of crypto coins, XRP, SOL, and ADA, which kind of formed the backing from some of these like shit coin, meme coin things, including Trump's. And it should also be noted that Donald Trump's crypto czar, Dave Sachs, surprise, surprise, has a major holding of those specific the coins that are going to be in the crypto reserve, everything. I mean, the corruption is so utterly flagrant.

7:02Here, Donald Trump talks about how the treasury and commerce departments will also figure out ways to accumulate new Bitcoin, everybody, because I'm sure that's what you're thinking about over this weekend. That's what you're talking about over the kitchen table. I'll hear you play this clip. Who knows? Who knows? But so far, It's been right. And well, let's keep it that way. The Treasury and Commerce Departments will also explore new pathways to accumulate additional Bitcoin holdings for the reserve provided it's done at no cost to the taxpayers. We don't want any. One more time. Here is Treasury Secretary Scott Besant saying that we're going to keep the U.S.

7:44the dominant reserve currency in the world. And we'll use stable coins to do that. Here, play this clip. And we are going to put a lot of thought into the stablecoin regime. And as President Trump has directed, we are going to keep the U.S., the dominant reserve currency in the world, and we will use stablecoins to do that. Thank you. All right. I got to tell you, I am obsessed with my Ridge wallet. Before this, I was carrying around a bulky, falling apart leather wallet that looked ridiculous in my pocket. It was full of so much crap, old receipts, useless loyalty cards. and honestly sitting on it was probably why my back hurt, but this Ridge changed the game.

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9:38Let's play that clip right there. Mr. President, since you last spoke about it yesterday, some details have come out about your cabinet meeting with Elon Musk and some clashes potentially between Secretary Rubio and Secretary Biden. No clash. I was there. You're just a troublemaker. And you're not supposed to be asking that question because we're talking about the World Cup. Elon gets along great with Marco, and they're both doing a fantastic job. There is no clash. Mr. President, who are the ones? Who are you with? Who are you with? NBC. No wonder. Who has more authority? You've got much of the power of the secretary.

10:12Any other questions about the World Cup? Can we unveil the truth? I'd love to discuss this. This is something. Now, here is Howard Lutnick, Donald Trump's commerce secretary, who would make Kim Jong-un's propaganda network look, well, pale in comparison to this. Let's play this clip. And here today shows how much a leader the Trump administration and our president is. He understands it. He embraces it. As you said, you're a pioneer in this place. And this is where we're going. We're using the blockchain. We're using Bitcoin. We're going to use digital assets to pound forward. And Donald Trump is leading the way.

10:55Can't be more proud of you today. Thank you very much. Thank you. have it.

11:02Here's MAGA Republican Congress member Tom Emmer, as Aaron Rupert says, taking his turn in the Trump Kiss My Ass Club. Again, just so embarrassing watching this here play this clip. Well, Mr. President, I want to say thank you. I want to thank you for the amazing team that you put together. I want to thank you for David. I mean, this kind of a meeting, no one in this room could have envisioned this just a couple of years ago. You are the one that has the vision. You're the one that said we are going to do 21st century finance right here in the United States of America. I've been doing this for nine years.

11:35It is amazing how far we've come. And that's a credit to you, Mr. President, and your leadership. And God bless you for doing this because it's going to make a huge difference with everything else you're doing. And by the way, Americans love it. They're going crazy. Thank you. Thank you, Tom. Thank you very much. Thank you. Thank you. Donald Trump then says, thank you, media. And then he gestures to exit. Here, watch this. Thank you very much.

12:07Thank you, please. Thank you very much. Thank you, media. Thank you, please.

12:20Trump is asked about competing against Canada and Mexico at the World Cup. And Trump says that tension is a good thing. Here, play this clip. Do you think it needs to be reined in, Mr. President? Enough. It's FIFA. How do you see the World Cup playing out with the tensions you have with Canada and Mexico? I think it's going to make it more exciting. Tension's a good thing. Even for the World Cup? Yeah, I think so. I think it makes it much more exciting. Sir, the entire committee is here for FIFA. Well, all of this is going on as well. Federal Chairman Jerome Powell has said that inflation expectations are now rising, driven by tariffs and Trump's policies.

13:09Young voters, which I suppose is that what this crypto conference is meant to appeal to. Trump's approval with 18 to 34-year-olds is tanking quick. Close to 70 % of 18 to 34-year-olds no longer support Donald Trump. And I think they're seeing the flagrant corruption as well, right? While Trump's own meme coin, dollar sign Trump and the dollar sign Melania, which is red Melania, is failing, the Trumps still made$350 million from their failing meme coin. Good for them. They're the ones getting rich in the Trump economy while the rest of Americans are getting screwed. The billionaires are doing well.

13:51The rest of Americans are getting screwed. But if you want to know what Trump's Treasury Secretary, again, Scott Besson says, is that this is all going to be good for us. The pain, the suffering, Trump getting rich off of mean coins. This is called detoxing. And we're all detoxing right now. So we should all just feel great about ourselves. Here's what he says. Play this clip. We're trying to get rates down. And could we be seeing that this economy that we inherited starting to roll a bit? Sure. And look, there's going to be a natural adjustment as we move away from public spending to private spending.

14:34The market and the economy have just become hooked. If we become addicted to this government spending and there's going to be a detox period, there's going to be a detox. I know, just so utterly pathetic. Anyway, let me know what you think about that Bitcoin conference, because I'm sure the optics of having a Bitcoin conference while economists are predicting recession, great recession, or even potentially worse. That's what Americans want to see heading into the weekend. So utterly despicable. Hit subscribe. Let's get to 5 million subscribers. and thank you all so much for watching.