Trump Has Meltdown on Plane After Market Crash

Summary

Summary of "Trump Has Meltdown on Plane After Market Crash" – The MeidasTouch Podcast

Release Date: April 3, 2025

In this episode of The MeidasTouch Podcast, hosts Ben, Brett, and Jordy Meiselas delve into a tumultuous event involving former President Donald Trump during a significant market crash. The episode captures Trump's behavior and statements on Air Force One following one of the worst market downturns in American history. The discussion is enriched with direct quotes from Trump, interactions with reporters, and critical analysis from the commentators.

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1. Introduction to the Market Crash Incident

The episode opens with a Commentator providing context about Donald Trump's abrupt departure from Washington, D.C., to Mar-a-Lago, ostensibly to play golf. This move coincides with a severe market crash, setting the stage for Trump's subsequent actions and statements.

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2. Trump's Introduction of the "Gold Card"

Timestamp: [01:30]

Trump introduces his extravagant "Gold Card," priced at $5 million, intended for oligarchs and those seeking U.S. citizenship. This announcement is met with skepticism and serves as a prelude to discussions about his financial maneuvers amid the market turmoil.

• Trump’s Quote:
  "[01:31] I haven't seen you in a while. 5 million for $5 million, this could be yours. That was the first of the cards. You know what that card is? Gold card. It's the gold card. The trump card. Gold card."

Analysis:
The commentators highlight the ostentatious nature of the Gold Card, questioning its legitimacy and the timing of its introduction during economic instability.

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3. Interaction with Reporters and Handling of Inquiries

Timestamp: [02:14] - [03:51]

Trump's interactions with reporters reveal a defensive and dismissive attitude towards ongoing investigations and inquiries. Notably, his response to questions about the Department of Defense's use of the Signal app and his communication with international leaders like President Xi Jinping of China.

• Trump’s Quotes:
  "[02:14] Russian oligarch be eligible for a gold card? Yeah, possibly. Hey, I know some Russian oligarchs that are very nice people."
  "[03:31] It's been an issue for years. It's been. People have talked about it for years. But I have a lot of respect for China and I have a lot of respect for President Xi."

Analysis:
The hosts critique Trump's evasive answers and reluctance to provide substantial information, suggesting a pattern of deflection when pressed on sensitive topics.

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4. Involvement with Laura Loomer and NSC Staff Firings

Timestamp: [04:24] - [05:40]

Trump discusses his meetings with Laura Loomer, a controversial figure known for conspiracy theories, and the subsequent firing of National Security Council (NSC) staffers. Despite Loomer's divisive reputation, Trump claims to value her recommendations.

• Trump’s Quote:
  "[04:25] Laura Loomer is a very good patron. She is a very strong person. And I saw her yesterday for a little while. She makes recommendations of things and people, and sometimes I listen to those recommendations like I do with everybody."

Analysis:
The podcast hosts express concern over Trump's association with Loomer and the potential ramifications of such alliances on national security and administrative integrity.

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5. Economic Policies and Market Crash Response

Timestamp: [09:32] - [12:36]

Amid the market crash, Trump offers his perspective on the economy, attributing current woes to previous administrations and expressing confidence in a future economic boom driven by tariffs and job creation.

• Trump’s Quotes:
  "[09:45] Well, I mean, it's to be expected where this is a patient that was very sick. We really inherited a terrible economy..."
  "[12:18] We have a very good dialogue. And I think he was very happy about how we treated them with tariffs."

Analysis:
The hosts juxtapose Trump's claims with economic data, arguing that indicators like low unemployment and GDP growth were strong before the recent downturn, suggesting that Trump's narrative may be an oversimplification or misrepresentation.

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6. Tariffs, Trade Deals, and Relations with China and Europe

Timestamp: [13:05] - [16:28]

Trump elaborates on his tariff policies, particularly targeting China and Europe, and discusses potential trade deals involving companies like TikTok. His statements reflect a combative stance towards international trade partners and a reliance on tariffs as a negotiation tool.

• Trump’s Quotes:
  "[13:14] And it's going to make our country very rich."
  "[14:27] I'm just using that as an example. Let's say we had a problem with TikTok... We could use tariffs in order to get it approved."

Analysis:
The podcast critiques Trump's inconsistent and sometimes contradictory trade strategies, highlighting the economic uncertainty his policies may be generating. The commentators also emphasize the lack of clear strategies to mitigate the negative impacts of these tariffs.

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7. Manufacturing and Job Creation Promises

Timestamp: [16:19] - [16:28]

When questioned about the timeline for revitalizing American manufacturing, Trump estimates a two-year process for building new plants, showcasing his typical optimistic projections.

• Trump’s Quote:
  "[16:28] Well, let's say it's a two year process. You know, they start a plant and they're big plants..."

Analysis:
The hosts point out the challenges and delays inherent in such large-scale manufacturing projects, arguing that Trump's timeline may be overly optimistic given current economic conditions and policy uncertainties.

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8. Concluding Remarks and Future Outlook

Timestamp: [16:52] - End

The episode wraps up with the Commentator reiterating the chaos and uncertainty surrounding Trump's actions and policies. The hosts encourage listeners to stay informed and emphasize the ongoing impact of Trump's decisions on the American economy and political landscape.

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Notable Quotes with Timestamps

• Trump on Market Crash Expectation:
  "[09:45] ... the patient was very sick... It's going to be a booming country..."

• Trump on Tariffs and Trade Power:
  "[13:16] ...with TikTok, we have a situation... We'll use tariffs to negotiate."

• Trump on Manufacturing Timeline:
  "[16:28] ...it's a two year process. They start a plant and they're big plants."

---

Conclusion

This episode of The MeidasTouch Podcast provides a critical examination of Donald Trump's actions and rhetoric during a significant financial crisis. Through direct quotes and analytical commentary, the hosts dissect Trump's strategies, highlighting inconsistencies and potential repercussions of his policies. The episode serves as a comprehensive overview for listeners seeking to understand the complexities of Trump's approach to economic challenges and international relations.

Transcript

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[Commentator]

Ran away from Washington, D.C. today to take another vacation at Mar A Lago to play golf on the taxpayer dime. While on Air Force One, Donald Trump pulled out a golden $5 million bill and said, this is a Trump gold card that we will be selling to oligarchs and people who want to buy citizenship. This is what Trump was doing after crashing the markets today. One of the worst crashes in American history.

[Host]

Here, play this clip.

[Donald Trump]

I haven't seen you in a while. 5 million for $5 million, this could be yours. That was the first of the cards. You know what that card is? Gold card. It's the gold card. The trump card. Gold card.

[Reporter]

Who's the first buyer?

[Donald Trump]

Me. I'm the. I don't know, but I'm the first buyer. It'll be out in about less than two weeks probably.

[Commentator]

And just so you can see that Donald Trump previously said that he would be selling these Trump gold cards to Russian oligarchs. This is just from a few weeks back where he confirmed his intention to sell these to oligarchs in Russia.

[Host]

Play this clip.

[Donald Trump]

Russian oligarch be eligible for a gold card? Yeah, possibly. Hey, I know some Russian oligarchs that are very nice people.

[Commentator]

It's possible going back to Donald Trump's trip back to Florida, Mar a Lago, where he will be golfing again. Here he is on Air Force One being asked about additional facts that we're learning about all these war plans on signal and Gmail that his Defense Department and national security advisors are engaged in. Donald Trump responds to the reporter, do not ever ask me about this again.

[Host]

Play this clip.

[Donald Trump]

When did that happen?

[Reporter]

I'm Pete Hegseth and this IG investigation, do you want to weigh in on that?

[Donald Trump]

What? What is it?

[Reporter]

There's an IG investig into the Secretary of Defense's use of the Signal app.

[Donald Trump]

Is that. You're bringing that up again? Don't bring that up again. Your editors, probably. That's such a wasted story. So what?

[Reporter]

Chinese farmland.

[Commentator]

Do not ever ask me about this again. No offense to babies. I mean, Donald Trump is a little petulant baby. And again, no offense to petulant babies. Donald Trump is then asked when the last time he spoke with President Xi Jinping of China is. And then Donald Trump says, whatever, it doesn't matter. Nothing matters. Listen to what Trump says.

[Host]

Here, play this clip.

[Donald Trump]

It's been an issue for years. It's been. People have talked about it for years. But I have a lot of respect for China and I have a lot of respect for President Xi.

[Another Reporter]

When's the last time you talked to President Xi?

[Donald Trump]

I speak to him. Doesn't matter when, but I speak to him.

[Another Reporter]

Have you talked to Zelinsky recently?

[Donald Trump]

Not too long ago, yeah.

[Commentator]

Also, we learned that Donald Trump had been meeting with Laura Loomer in the White House when he announced his tariffs against the world. Laura Loomer, a 911 conspiracy theorist. Laura Loomer is someone who said that if Vice President Kamala Harris were to have won the election, it would make the White House smell like curry. She says hateful, ugly, disgusting things. I don't even want to repeat a lot of the things that she said. But Donald Trump here on Air Force One said that. Yes, he takes advice and guidance from Laura Loomer, including who to hire and who to fire.

[Host]

Play this clip.

[Donald Trump]

Also, can you tell us a little.

[Another Reporter]

Bit about your meeting with Laura Loomer and Mike Waltz today and how that came about?

[Donald Trump]

Yeah. So Laura Loomer is a very good patron. She is a very strong person. And I saw her yesterday for a little while. She makes recommendations of things and people, and sometimes I listen to those recommendations like I do with everybody. I listen to everybody and then I make a decision. But I saw her yesterday. She was at the ceremony, and she is. She'll always have something to say. Usually very constructive.

[Reporter]

What did she recommend?

[Donald Trump]

She recommended certain people for jobs.

[Reporter]

Adding to the administration.

[Another Reporter]

Not adding.

[Reporter]

Not firing.

[Donald Trump]

Well, she'll recommend that, too. Yesterday, she recommended some people for jobs.

[Reporter]

Did she have anything to do with the NSC aides who were ousted?

[Donald Trump]

No. No.

[Reporter]

Do you know how many? Sir? Do you know how many from the nsc?

[Donald Trump]

Not many.

[Reporter]

Was it five?

[Donald Trump]

A dozen? I really don't know. Ludus Loomis, There were a couple who.

[Another Reporter]

Did Laura recommend higher?

[Donald Trump]

Well, I don't want to say that, but she's, she's recommended some good people over the years. She's been, she's been in the party a long time. She's done a good job.

[Commentator]

Now, we also learn that Donald Trump did in fact fire three individuals working for the National Security Council after Laura Loomer met with Donald Trump. In otherwise normal times, it would be pretty shocking and probably disqualifying. No, not probably. It would be disqualifying to just say that. But in the Trump regime, this is just. Just another story. In the mounting chaos and catastrophe and cataclysm that this regime brings, Donald Trump is asked about Elon Musk. Will Doge continue to destroy the government and destroy the federal workers after Elon leaves? Trump says yes.

[Host]

Play this clip.

[Another Reporter]

Even when Elon Musk goes back to being CEO, will Doge stick around in some kind of capacity?

[Donald Trump]

Yeah, it'll still Doge. Doze yourself. Yeah, at some point. Just so you understand, I don't want to get it wrong, I want Elon to stay as long as possible. Number one, I like him. Number two, he's doing a great job. Number three, he is a patriot. That's why he's doing this. And he's, you know, it's very costly for him, but. So I want him to stay as long as possible. But there'll be a point where he's going to have to leave, and when he does, the secretaries will take totally over and Doge will stay active. We have a lot of smart people. A lot of those people, I believe, are going to go into the agencies.

[Commentator]

And Donald Trump is asked about, well, why did these National Security Council staffers get fired? Why were they let go? Why are you firing people? And here's what Donald Trump says.

[Another Reporter]

Sir, can I ask you about the nsc? How many staffers were let go and why? Your National Security Council.

[Donald Trump]

How many staffers always let go of people? People that we don't like or people that we don' thinking do the job, or people that may have loyalties to somebody else, you'll always, you'll always have that.

[Commentator]

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[Host]

Here, play this clip.

[Reporter]

You ready for some questions?

[Donald Trump]

Anybody want to buy one? Okay, let's go first.

[Reporter]

We'd love to get your reaction, sir, to what's going on in the financial markets today.

[Donald Trump]

Well, I mean, it's to be expected where this is a patient that was very sick. We really inherited a terrible economy, as you know, with a lot of problems, including loss of manufacturing plants closed up all over the country. You know, we've lost 90,000 plants since NAFTA. If you think of that 90,000, it's not even believable. And about 6 million jobs. So it's a sick. It was a sick patient. It went through an operation on Liberation Day. And it's going to be, it's going to be a booming country, a very booming country. It's going to be amazing, actually. And we see it because we have trillions of dollars committed to come in. Dream brilliance.

[Commentator]

Interesting. Donald Trump so cavalier about it as well. Also, as we previously had reported in Donald Trump's post earlier in the day, where Donald Trump said the following while the markets were crashing, what, 1600 points with the Dow 4 or 5% down the Dow S&P and Nasdaq, Trump goes the op. This is all in caps. The operation is over, exclamation point. The patient lived and is healing. The prognosis is that the patient will be far stronger, bigger, better and more resilient than ever before. Make America great again. That also, as we learn that Donald Trump literally applied tariffs to an island near Antarctica with no human inhabitants that is just comprised of penguins. Yes. Donald Trump tariffed penguins. He gave the Taliban an exemption to the tariff formula that he hit Europe and our other allies with. Yes. And Donald Trump also tariffed a United States military base. Um, Donald Trump is asked more questions. Let me show you this, too. As Donald Trump said that this was to be expected, and he said that we inherited a terrible economy. We did not. As we've always pointed out before, and as Jolette points out here, unemployment was 4.1%, the lowest in 50 years. He inherited that. GDP growth was 2.4%. Inflation was under 3%, headed to 2%. We had the number one economy in the world under former President Biden. 16.2 million jobs created. 40,000 infrastructure projects going up. GDP was leading the world. Unemployment down. Job growth hitting records. Donald Trump has then asked about people losing their 401ks and life savings. Here's what the Donald Trump says.

[Host]

Play this clip.

[Donald Trump]

We have a very good dialogue. And I think he was very happy about how we treated them with tariffs.

[Another Reporter]

Sir, there are a lot of people were upset about how the Daily Mail. A lot of people were upset today about how their 401ks were doing. Do you have investments?

[Donald Trump]

I think our markets are going to boom. Kind of give it a little chance. We're taking in jobs and we're taking in industry, and we're taking in trillions of dollars. I think. I think our markets are going to move. Got to give it a little bit of time. But they've already started construction on numerous plants. Soon it'll be many, many plants all over the country. They're going, you got to give that. You got to give that a little time. I have rejected my 401. Thank you very much.

[Commentator]

Donald Trump is then asked if he hopes to do deals with the countries. And Donald Trump gives a bunch of gibberish.

[Host]

Word salad, let's play it.

[Donald Trump]

And it's going to make our country very rich.

[Another Reporter]

What, are you open to deals with.

[Reporter]

These countries if they're calling you?

[Donald Trump]

Well, it depends. If somebody said, we're going to give you something that's so phenomenal, as long as they're giving us something that's good. For instance, with TikTok as an example, we have a situation with TikTok where China will probably say we'll approve a deal, but will you do something on the tariff? The tariffs give us great power to negotiate, always have. I've used them very well in the first administration, as you saw. But now we're taking it to a whole new level because it's a worldwide situation and it's very exciting to see. And what it's done is driven a lot of great companies to our country and you're going to see construction starting all over. Got a couple of calls from Lee Zelda from Environmental. He's got some big plans to approve, like really big.

[Commentator]

Donald Trump then talks about how China may want to give him a call now to try to cut a deal on TikTok. This is what this maniac is talking about.

[Host]

Let's play it.

[Another Reporter]

Earlier comment about TikTok Tock. You said that the Chinese might be willing to agree to approve that sale in exchange for tariff relief. Is that something that you floated to them or you've heard from them or.

[Donald Trump]

I'm just using that as an example. Let's say we had a problem with TikTok and let's say China wasn't going to approve. We could use tariffs in order to get it approved. You know the deadline, you give them something in return.

[Reporter]

What's the update on the deal negotiations we have?

[Donald Trump]

We're very close to a deal with a very good group of people.

[Reporter]

Larry Ellison, or is it multiple investors?

[Donald Trump]

Just.

[Reporter]

And then did the last minute bids kind of throw things into disarray for you? Or do you have your strategy completely.

[Donald Trump]

Locked up on who's gonna which last.

[Reporter]

Minute on acquiring TikTok?

[Donald Trump]

I think that China maybe will call and say, well, we're upset with the tariffs and maybe they want to get something a little bit in order to get Tick Tock approved. Who knows? I have no knowledge of that. That's a kind of Israel.

[Another Reporter]

Can you give us any?

[Commentator]

Trump then attacks Europe, which got some of the harshest treatment by Donald Trump on these tariffs against the world.

[Host]

Let's play it.

[Donald Trump]

And you're losing 2,000, 3,000, sometimes a week. So we were spearheading the drive to get it done. Europe has not been successful in dealing with President Putin, but I think I will be successful.

[Commentator]

Donald Trump is asked how long it will take to get manufacturing here and Trump says it will be at least a two year process. That's first up. It's going to take longer than that, Donald, but that's kind of the problem here that you've now created such uncertainty in the marketplace. Are you going to take the tariffs away or you're not going to take the tariffs away. No one knows what to do. We're seeing factories engage in mass layoffs right now. We're set for another crash, likely tomorrow of the economy.

[Host]

Play this clip like really big.

[Reporter]

How long will it take to get.

[Another Reporter]

Manufacturing with American manufacturing to where you would like to see it?

[Donald Trump]

Well, let's say it's a two year process. You know, they start a plant and they're big plants. We're giving them approval to also in many cases to build the electric facility with it. So you have electric generation and the plant and they're big plants. Now the good news, there's a lot of money for them and they can build them fast, but they're still very big plants. So I'd always say it would take a year and a half to two years. Mr. President.

[Commentator]

And there you have it, folks. We'll keep you posted. Every step of the way. I wanted to share with you what went down. Hit subscribe. Let's get to 5 million subscribers and thank you for watching. The truth is more important than ever. Check out our new Truth Over Lies collection at store Midas Touch.com All 100% USA Union made.