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10 Minute Drill
Wednesday Special: Trump's debanking Order; end of the Green New Deal; Looking at Gaza
00:08:40
In today’s BONUS 10 Minute Drill: The media is struggling to cover the Israel–Hamas conflict without tripping over its own bias. The New York Times splashed a front-page image of an emaciated child in Gaza, only to later admit the boy’s...
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- [00:00]
A
The latest between Israel and Hamas in Gaza. We're going to talk about President Trump bringing back the presidential fitness test, the end of the use of the term, the Green New Deal, and a few more things on a special Wednesday episode of 10 Minute Drill. Everybody get up.
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B
Get up. The story of America is the story of an adventure. I can hear you. The rest of the world hears you. We are a nation under God, and I believe God intended for us to be free.
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A
This week, President Trump is preparing a new executive order dealing with debanking, specifically targeting the bad behavior of big banks like JPMorgan Chase. And what do you think the banks have done?
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B
Well, they did discriminate. I had JP Morgan Chase. I had hundreds of millions of dollars in cash. I could see if they want to, you know, if they want to do something bad because you don't have any money and you defaulted and you're this. They took people out. But I'll give you me as an example. I had hundreds of millions. I had many, many accounts loaded up with cash. I was loaded up with cash. And they told me, I'm sorry, sir, we can't have you. You have 20 days to get out.
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A
The fact that in President Obama's administration they gave new tools to the Department of Justice, to the CFPB and others to regulate and force banks to get rid customers based on reputational risk. And that definition of reputational risk was incredibly broad. To include things like gun dealerships, to include things like conservative beliefs. And that allowed these banks like JPMorgan Chase to go on a crusade getting rid of so many of their customers whose political ideology they didn't agree with. That is coming back to a head right now, particularly as it relates to cryptocurrency. Over the last several months, there's been a debate about banking regulations and how they might impact things like financial technology, fintech, Venmo, you know, crypto, coinbase, things like that. And this has come to a head in recent weeks with crypto thought leaders like the Winklevoss twins, who you might remember from the social network. They are real and in real life, they are champions of cryptocurrency. They raised a red flag about a proposal being pushed by big banks like JPMorgan Chase and Jamie Dimon that would restrict people's ability to share their own personal banking data with platforms like the Winklevoss brothers Gemini platform, which is a cryptocurrency platform. JPMorgan Chase wants to control that data so that they can control the technology it goes to. Crypto advocates are warning that this will kill President Trump's vision of being the crypto capital of the world. Now we talked before about debanking. This came just last week. Tyler Winklevoss tweeted. JP Morgan and the banksters are trying to kill fintech and crypto companies. They want to take away your right to access your banking data for free via third party apps like Plaid and instead charge you and fintechs exorbitant fees to access your data. This will bankrupt fintechs. That caused quite a stir that led to this. My tweet from last week struck a nerve. This week JP Morgan told us that because of it, they were pausing the re onboarding of Gemini as a customer after they offboarded us during Operation Chokepoint 2.0. They want us to stay silent while they quietly try to take away your right to access your banking data for free through third party fintechs like Plaid. Sorry Jamie Dimon, we're not going to stay silent. We will continue to call out this anti competitive rent seeking behavior and immoral attempt to bankrupt fintech and crypto companies. We will never stop fighting for what is right. This comes after a week where there are a number of stories about JP Morgan Chase CEO Jamie Dimon trying to get close again with President Trump despite attacking him consistently over the years, saying that he could beat him in an election, but also attacking cryptocurrency. Here's a number of times where Jamie Dimon has attacked crypto.
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B
I've always been deeply opposed to crypto, Bitcoin, etc. I'm a major skeptic on crypto tokens which you call currency like bitcoin. They are decentralized Ponzi schemes. Bitcoin itself is a is a hyped up fraud.
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A
It's a pet rocket. So again, crypto advocates are warning the administration that Jamie Dimon probably isn't the best person to trust on banking regulations that might impact cryptocurrency. Last week, the New York Times got a lot of attention for using a particular image on their front page along with the headline Young, Old and Sick Starve to Death in Gaza. Quote there is nothing unquote. Within a couple of days, a major correction was added to that story. We recently ran a story about Gaza's most vulnerable civilians, including Mohammad Zakaria Al Mutawak, who is about 18 months old and suffers from severe malnutrition. We've since learned new information, including from the hospital that treated him and his medical records, and have updated our story to add context about his pre existing health problems. What they're acknowledging there is this starving child who is a horrific image, is not actually being starved in Gaza. He has another health condition that has made his body look like that. However, the New York Times is using him as the face of starvation in Gaza, which is raising major questions about journalistic ethics. A lot of the same New York Times report quotes heavily from the Gaza Health Minister Ministry, which is Hamas. So quoting terrorists about the condition at a war is an incredibly questionable ethical issue. At the same time, critics are pointing out that the New York Times has buried the story of an Israeli hostage who's been held by Hamas and was forced to dig his own grave in a video that was put out by Hamas. This has been a challenge for the media throughout this entire conflict. First, finding out who reliable sources of information are. Unfortunately, they continue to treat the terrorist sources of information as reliable while downplaying so much of the terrible atrocities that have been done to Israelis, to the American captives held by Hamas, and so much more. Last week, President Trump announced he was bringing back the Presidential Fitness Test.
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B
We're officially restoring the Presidential Fitness Test and the Presidential Fitness Award, and it's going to be a very big thing. From the late 1950s until the 2013, graduate scholars all across our country competed against each other in the Presidential Fitness Test, and it was a big deal. This was a wonderful tradition and we're bringing it back.
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A
However, not all in the media were pleased with this. Here's the New York Times. For some, the return of the Presidential Fitness Test revives painful memories. The obesity levels for young children in America are far higher than they should be. And bringing back the Presidential Fitness Test is one more opportunity to help at a young age develop good habits, strong health practices and things like that. So we'll watch as this continues to unfold. New from Axios Democrats retreat on the Green New Deal President Trump's first term provoked the movement for a Green New Deal. His second term may have killed it. And Axios has tracked that the number of mentions of the Green New Deal have gone down drastically from 2019 over 1000 to now 2025. They have logged. Over the last three months. Democrats in Congress have said Green New Deal only times across social media and on the floor. I was at the National Republican Senatorial back when this was first announced in 2019. This was one of the biggest gifts to Republicans we've ever heard. AOC well before Joe Biden got in office and made so much of this into actual policy. Announced they wanted to get rid of things like methane from cow flatulence or air travel that drove up such high emissions, they were willing to put it on paper, which was so outrageous, and give Republicans an opportunity to paint Democrats as radical. Little did we, we all know that within the next five years, Joe Biden would get into office and put so much of that into practice. And during things like the COVID relief bill debates, people like Nancy Pelosi tried to put in things like air travel emission trackers, things like that that were, again, all offshoots of the Green New Deal. But you can see, as we've talked about extensively here, the climate change movement has declined in popularity as they put policies into place that not only made people's lives more difficult, but were incredibly politically unpopular. So thank you to Ax for shining a light on this important dynamic. That is all the time we have for today. Thank you for joining us for this special Wednesday episode. We're ON the road. We are coming to you live from the Mountain west here in Utah. We look forward to talking to you again tomorrow on a regular Thursday episode of 10 Minute Drill.