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Host/Commentator
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Donald Trump
No one saw that coming except for me, baby.
Host/Commentator
21 plus in President select states opt in required minimum plus 100 eyes required bonus issued is non withdrawable profit boost tokens restriction supply including token expiration and max wager amount. See terms@sportsbook.fanduel.com Gambling problem. Call 1-800-gambler during a day of massive market volatility, Donald Trump held a disastrous press conference in the Oval Office with Israel's Prime Minister Benjamin Netanyahu by his side. With Netanyahu sitting there, Donald Trump again talked about controlling and owning the Gaza Strip and moving Palestinians out to different places. He says Donald Trump also says that he's not looking at pausing tariffs. Let me show you what went down in the Oval Office here. Donald Trump is asked about being open to pause the tariffs. Trump says he's not looking into that. Play this clip.
Donald Trump
Would you be open to a pause in tariffs to allow for negotiations? Well, we're not looking at that. We have many, many countries that are coming to negotiate deals with us and they're going to be fair deals. And in certain cases they're going to be paying substantial tariffs. There'll be fair deals.
Host/Commentator
In this next clip here, Donald Trump talks about moving the Palestinians to different countries and controlling and taking over Gaza himself. Play this clip.
Donald Trump
For the Times of Israel. The IDF is fighting to get in the Gaza Strip. I myself might be called up in a month.
Host/Commentator
Do you think that's the way to.
Donald Trump
Pressure Hamas to get to a deal? And do you think blocking humanitarian aid.
Host/Commentator
Is also an effective pressure?
Donald Trump
Well, you know how I feel about the Gaza Strip. I think it's an incredible piece of important real estate and I think it's something that we would be involved in. But you know, having a peace force like the United States there, controlling and owning the Gaza Strip would be a good thing because right now all it is is for years and years all I hear about is killing and Hamas and problems. And if you take the people, the Palestinians, and move them around to different countries and you have plenty of countries that will do that and you really have a freedom, a freedom zone. You call it the freedom zone.
Host/Commentator
Trump is asked about mixed messages coming out of the White House about tariffs and about other economic policy. Then Donald Trump randomly says we need open borders. Yes, we need open borders, says Donald Trump. Play this clip.
Donald Trump
The US in the talks will be right.
Host/Commentator
Two questions. Do you expect any of these deals.
Donald Trump
To be made before for April 9? And secondly, there have been some mixed messages from your administration.
Host/Commentator
You're talking about negotiations, and yet others.
Donald Trump
In your administration are saying that these.
Host/Commentator
Tariffs are actually permanent. What is the actual.
Donald Trump
Well, it could be. It can both be true. There can be permanent tariffs and there can also be negotiations because there are things that we need beyond tariffs. We need open borders. You know, we almost had a deal with China.
Host/Commentator
Yes. Donald Trump is now the we need open borders president. And I'm sure the MAGA base won't care whatever the hell he says because literally he can say anything to their MAGA mush brain here. Donald Trump then falsely says that the richest period for the United States of America was 1870 to 1913. And we have to make America in 2025 look more like 1870America.
Donald Trump
Play this clip setting a table. And we're going to have great trade and we're going to have a very strong country. Our country is going to be at a level that is as we maybe never been or maybe, you know, our country was the strongest, believe it or not, from 1870 to 1913. You know why? It was all tariff based. We had no income tax. Then in 1913, some genius came up with the idea of let's charge the people of our country, not foreign countries that are ripping off our country. And the country was never relatively. Was never that kind of wealth. We had so much wealth, we didn't know what to do with our money. We had meetings, we had. We had committees. And these committees work tirelessly to study one subject. We have so much money. What are we going to do with it? Who are we going to give it to?
Host/Commentator
Well, there was indeed a massive financial panic in the 1890s that nearly destroyed the country. As Sparrow's ghost points out, JP Morgan had to bail America out. Yes, Donald Trump is truly a historically illiterate imbecile, as the account says. Um, next, Donald Trump says the price of groceries. And then he keeps saying, I like that word, groceries. They call these things groceries. Play this clip.
Donald Trump
We're really doing amazing. I mean, we're cutting prices because prices got so high, people couldn't live. I mean, the prices for groceries, the prices for standard, standard groceries. Standard things were going through the roof. They couldn't live. And now those prices are coming down. So call them groceries, but that's down. Energy's down and interest rates are down. Everything's down.
Host/Commentator
Donald Trump continued throughout this Oval Office meeting to show how demented he is by continuing to say the word groceries. And what an interesting word, an old fashioned word it is. He says, play this clip.
Donald Trump
If you look at what's happening, you got to see this. Today I said, we're going to try and get groceries down, right? An old fashioned term, but a beautiful term. Eggs. So when I got in, the press went absolutely crazy the first week. They said eggs have quadrupled in price. I said, I just got here, tell me about it. And Brooke Rollins and our team did a great job. And eggs are down now 79% and they're all over the place. And this was a problem that somebody else would have taken a long time to cure.
Host/Commentator
Donald, it's not an old fashioned word. The word groceries again. Could you imagine anybody in that position sitting in the White House saying groceries? It's kind of an interesting word, groceries. I can guarantee you it would be all over Fox 24 hours a day. It would be on the front page of the New York Post. They would be mocking just that, right? But here we've got Donald Trump crashing international markets, creating insane market volatility here in the United States. Over the past, what, a few days, Donald Trump's caused $10 trillion in the market to be wiped away. Um, it's unclear from one moment to the next. I mean, where, where the market's going. I mean, it looks literally like a Trump meme coin at this point. That's not the way it's supposed to look. But here, Donald Trump then lies and says, we don't have any American cars that are sold to the eu. Zero. He says, play this clip.
Donald Trump
Sending millions and millions of cars into the US but we don't have a car that's been sold to the European Union or other places. But let's go for the European Union. And it's not going to be that way. It's got to be fair and reciprocal. It's got to be fair. It's not fair.
Host/Commentator
And again, the things he says are so outrageously false that you think to yourself sometimes you go, wait a minute, are we not selling cars to the eu? I mean, who would just make something up like Donald? Of course America sells cars to the eu. In fact, Tesla makes prior to Elon Musk engaging in a hostile takeover of the United States and, and showing what a heinous individual he is. Teslas were selling well in Europe. Um, but I guess Donald Trump just tell another big ridiculous lie over and over again. Uh, Donald Trump then says, no one wants to actually do deals with China and the Chinese. He says, play this clip.
Donald Trump
It works out. Please. How do you ensure, Mr. President, that.
Host/Commentator
These tariffs don't drive US trading partners into the hands of the Chinese?
Donald Trump
I'm not worried about it. I'm not worried about it. They want to be in the hands of the US they don't want to be in the hands of the Chinese. And the Chinese have turned out to be really not very good at that. People that are with us, they're with us, but we cannot be taken advantage of any longer. I used to watch these deals for years. I've been talking about it for years. You know, I've been talking about it for 35 years, how our country is being ripped off. I mean, 30 years ago was Japan, then it was something else, then it was another group, then it was China. China's doing the, the best job of it, frankly. And it's just not going to happen. Not going to happen.
Host/Commentator
Donald Trump continues to whine about China's massive surplus.
Donald Trump
Play this clip about all of the people that say, well, deficits. If we have a deficit with the country or if the country has a big surplus with us, like China has a massive surplus that they take and they spend on their military, well, we don't want that. I don't want them to take 500, $600 billion a year and spend it on their military. I don't want them spending money on their military. And I shouldn't have to spend money. We shouldn't have to spend it either. Because, you know, hopefully, and I said this to President Xi, hopefully, it's money that we're never going to use. In other words, because we're not going to use those incredible weapons that we have and that they have.
Host/Commentator
Then, then Donald Trump brags about the economy, says things are going great. He goes, this is the best. Everything is down at levels that nobody thought was possible. But yeah, what do you mean people's 401ks? You mean people's retirement and life savings, Donald? Is that what you mean? Here, play this clip.
Donald Trump
We have energy is down. We have interest rates are down. We have groceries, meaning food is down. We have everything is down at levels that nobody ever thought possible. Energy looks like it's going to be in the $2.50 a gallon range and maybe below that for a car.
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Host/Commentator
Then Donald Trump says what he's inflicting on the country is an honor. He goes, it's an absolute honor for him to do this. Here, play this clip.
Donald Trump
One shot at this and no other president is going to do this. What I'm doing. And I'll tell you what, it's an honor to do it because we have been just, just destroyed what they've done to our system. You know, we have $36 trillion of debt for a reason and the reason is that people allowed it to get that way.
Host/Commentator
So let me just reflect for a moment too and just remind you what this is all about as well. In my view, this is intentional by Donald Trump. As I've said, authoritarians don't care if their people suffer. I mean, just think about it. You think Saddam Hussein cared about the economic well being of his people? You think Putin cares if Russians, the general population is doing well?
Donald Trump
No.
Host/Commentator
You think Kim Jong Un cares if the people of North Korea are doing well? No. They actually want the. Their people to suffer. What Trump wants is right out of the authoritarian playbook. Once he crashes the economy, then people become dependent on him, right? And then countries become dependent on him. So then you have to beg. Can I get an exemption? Can I please get this? Can I please have that, please? Pretty please? I need your help. I need your help. It's right out of the authoritarian playbook. By crashing people's hopes and dreams, by destroying their lives, by, by re. Engineering the economy. So it's just oligarchs doing well and the people are suffering. Then he's hoping that everybody has to beg him for everything. Please, Donald. That's what this is all about, in my opinion. Here's MAGA Mike Johnson being asked about Donald Trump's destruction of the American economy. Play this clip.
Donald Trump
We have to give the President space. His strategy is playing out.
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Donald Trump
I think, I think he's owed that.
Host/Commentator
Here Donald Trump is asked about the American hostages taken by Hamas. And Trump says that, I asked the hostages, does Hamas love you? I said to the hostages, does Hamas say, like, they love you and they show you signs of love and happiness? The hell what are you talking about here? Play this clip.
Donald Trump
The stories they told me, I mean, as an example, I said to them, was there any sign of love you? Were there 10 people? It's only 10, but it's pretty representative. Did the Hamas show any signs of, like, help or liking you? Did they wink at you? Did they give you a piece of bread extra? Did they give you a meal on the side? Like, you know, you think of doing, like, what happened in Germany, what happened elsewhere? People would try and help people that were in unbelievable distress. They said, no. I said, all of them. I said, did they ever wink at you like, you'll be okay, you're going to be okay? No, they didn't do that. They'd slap us. The hatred is unbelievable. And the lives, you know, they lived in a pipe. Not really a tunnel. It was a pipe. And they always thought they were suffocating. They were going to suffocate.
Host/Commentator
And then Donald Trump is asked this question right here. You know, America tariffs Israel at 17%. So what are you going to do about those tariffs? And then Donald Trump, probably the first time he even knew that. Play this clip.
Donald Trump
Mr. President, do you plan to reduce.
Host/Commentator
The tariffs that your government put on Israeli goods? 17% on Israeli goods.
Donald Trump
Well, we're talking about a whole new trade. Maybe not, Maybe not. Don't forget, we help Israel a lot. You know, we give Israel $4 billion a year. That's a lot. My congratulations, by the way. But we give Israel billions of dollars a year. Billions. It's one of the highest of. And we give a lot of. We give a lot of countries money. You wouldn't believe if I said we give Afghanistan a lot of money. Do you? Because that was a Biden deal. Another Biden deal. Not only did he embarrass us with that, but they give them billions of dollars. Afghanistan. Right. So, but no, we, we take good care of our friends and we don't take care of our enemies. We're not taking care of our enemies anymore. But we do take care of our friends.
Host/Commentator
And then Donald Trump threatens Iran. Play this clip about this.
Donald Trump
A lot of people think that those talks are not going to lead anywhere because the Iranians will never give up. I think that's a personality. If diplomacy fails, is the United States States under your leadership ready to take military action to destroy the Iranian nuclear program program and remove this threat? I think if the talks aren't successful with Iran, I think Iran is going to be in great danger and I hate to say it, great danger because they can't have a nuclear weapon. You know, it's not a complicated formula.
Host/Commentator
Should also be noted. While that was taking place, we saw some headlines like this European Union proposes 25% tariffs on U.S. goods. Apple plans to source more iPhones from India. Not Indiana, from, from India. I think I saw the stat from Fortune magazine that did a breakdown that if all aspects of the supply chain for Apple were brought to the United States, a single iPhone would cost $30,000 per iPhone if every part was made here in the United States versus the way things are sourced through the international supply chain. Ken Langone, the Home Depot founder and owner said that these tariffs are the most idiotic thing. This is Republican right wing guy as you get. Ken Langone will keep you posted every step of the way. I wanted to bring you what went down in that Oval Office disaster. Thanks for watching and subscribe. Let's get to 5 million subscribers.
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Summary of "Trump Holds Disaster Presser During Market Chaos" Episode of The MeidasTouch Podcast
Release Date: April 7, 2025
In the April 7, 2025 episode of The MeidasTouch Podcast, hosted by the Meiselas brothers—Ben, Brett, and Jordy—the discussion centers around former President Donald Trump's recent press conference held in the Oval Office amid significant market volatility. The brothers dissect Trump's statements, analyzing their impact on the economy, international relations, and public perception. The episode blends sharp political analysis with the trademark brotherly banter, offering listeners a comprehensive look at the unfolding political drama.
Market Volatility and Economic Claims
The episode begins with the host highlighting the context of Trump's press conference during a day marked by massive market instability. Trump, accompanied by Israeli Prime Minister Benjamin Netanyahu, made several contentious statements regarding economic policies and international relations.
Tariffs and Trade Negotiations: Trump addressed questions about pausing tariffs, asserting the administration's stance on maintaining them to ensure "fair deals" with other nations.
Donald Trump [01:07]: "Would you be open to a pause in tariffs to allow for negotiations? Well, we're not looking at that. We have many, many countries that are coming to negotiate deals with us and they're going to be fair deals."
Control Over Gaza and Palestinian Relocation: In a controversial move, Trump proposed controlling the Gaza Strip and relocating Palestinians to other countries, labeling it a "freedom zone."
Donald Trump [01:39]: "For the Times of Israel. The IDF is fighting to get in the Gaza Strip. I myself might be called up in a month."
Donald Trump [01:50]: "Having a peace force like the United States there, controlling and owning the Gaza Strip would be a good thing... You call it the freedom zone."
Mixed Messaging on Economic Policies
During the press conference, Trump seemingly contradicted himself by advocating for "open borders" while discussing tariffs and trade.
Donald Trump [03:06]: "Well, it could be. It can both be true. There can be permanent tariffs and there can also be negotiations because there are things that we need beyond tariffs. We need open borders."
Historical Economic References
Trump nostalgically referenced the period between 1870 and 1913 as the "richest period" for the United States, attributing economic strength to high tariffs and the absence of income tax.
Donald Trump [03:45]: "Our country is going to be at a level that maybe never been or maybe, you know, our country was the strongest, believe it or not, from 1870 to 1913. You know why? It was all tariff based."
Economic Assertions and Contradictions
Trump made several claims about the current state of the economy, including reductions in grocery prices, energy costs, and interest rates, despite the ongoing market turmoil.
Donald Trump [05:03]: "We're really doing amazing. I mean, we're cutting prices because prices got so high, people couldn't live... Everything’s down."
However, the host counters these optimistic statements by highlighting the real-world implications, such as the potential loss of trillions in the market and the strain on American savings.
Host [05:25]: "Donald Trump's causing $10 trillion in the market to be wiped away... It's not the way it's supposed to look."
International Trade and Relations
Trump falsely claimed that no American cars are sold to the European Union, ignoring the existing trade relationships and Tesla's presence in Europe.
Donald Trump [07:04]: "Sending millions and millions of cars into the US but we don't have a car that's been sold to the European Union... It’s not going to be that way."
He also criticized China's trade practices and threatened military action against Iran if diplomatic talks failed.
Donald Trump [16:21]: "If diplomacy fails... the United States under your leadership is ready to take military action to destroy the Iranian nuclear program..."
Critique of Trump's Statements
The hosts express strong criticism of Trump's remarks, labeling them as historically inaccurate and misleading. They point out his lack of understanding of economic history and the detrimental impact of his policies.
Host [03:19]: "Donald Trump is now the we need open borders president... He can say anything to their MAGA mush brain here."
Comparison to Authoritarian Leaders
Drawing parallels between Trump and authoritarian rulers like Saddam Hussein, Putin, and Kim Jong Un, the hosts argue that Trump's actions are intentionally harming the economy to create dependency.
Host [12:26]: "Authoritarians don't care if their people suffer... It's just oligarchs doing well and the people are suffering."
Economic Realities vs. Trump’s Claims
The hosts debunk Trump's optimistic economic claims by referencing real indicators and expert opinions, emphasizing the disconnect between Trump's rhetoric and the actual economic situation.
Host [07:21]: "It's outrageously false that no American cars are sold to the EU... America sells cars to the EU."
Impact on International Relations
Highlighting the negative repercussions of Trump's trade policies, the hosts discuss the proposals of the European Union to impose additional tariffs on U.S. goods and the strategic shift of companies like Apple sourcing products from India instead of Indiana.
Host [16:57]: "European Union proposes 25% tariffs on U.S. goods... Apple plans to source more iPhones from India."
Donald Trump on Tariffs
[01:07] "We have many, many countries that are coming to negotiate deals with us and they're going to be fair deals."
Donald Trump on Gaza Strip
[01:39] "I think it's an incredible piece of important real estate... You call it the freedom zone."
Donald Trump on Open Borders
[03:06] "We need open borders."
Donald Trump on Historical Economy
[03:45] "Our country was the strongest... from 1870 to 1913."
Donald Trump on Current Economic Conditions
[05:03] "Everything’s down at levels that nobody ever thought possible."
Donald Trump on U.S. Cars and EU
[07:04] "We don't have a car that's been sold to the European Union."
Donald Trump on Iran
[16:21] "Ready to take military action to destroy the Iranian nuclear program."
Donald Trump on American Hostages
[14:13] "The hatred is unbelievable. And the lives, you know, they lived in a pipe."
The episode of The MeidasTouch Podcast offers a scathing examination of Donald Trump's recent press conference, highlighting the contradictions and falsehoods in his statements. Through incisive analysis and pointed critiques, the Meiselas brothers underscore the potential dangers of Trump's economic and foreign policies, drawing parallels to authoritarian tactics. The discussion serves as a warning about the ramifications of leadership focused on divisive and misleading rhetoric, emphasizing the importance of informed and democratic support to safeguard American interests.
Listeners are encouraged to stay informed through the MeidasTouch Network’s ongoing coverage, which combines in-depth political analysis with engaging commentary to navigate the complexities of contemporary American politics.
For more insights and detailed discussions, subscribe to The MeidasTouch Podcast and join the MeidasMighty community.