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London Real

‣ Donald Trump became The Swamp 🇺🇸 Peter Schiff

London Real

Brian Rose

Investing, Cardano, Crypto, Bitcoin, Brianrose, Ethereum, Londonreal, Technology, Cryptocurrency, Business, Defi

4.41.9K Ratings

🗓️ 3 July 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Okay, you ran for Senate in 2010, say for example, you were president right now, what would

0:05.9

you have done?

0:06.9

Or what should have President Trump have done in this instance?

0:11.0

Not give out the money, allow corporations to fail, like what is the right call right

0:15.8

now?

0:16.8

Well, I mean, first of all, Donald Trump had an opportunity to do the right thing when

0:21.8

he first became president, right?

0:24.9

He could have continued the same theme that helped him become president, right?

0:30.3

When he ran for office, he said we had a phone economy, we had fake numbers, that we

0:36.5

had a bubble that was inflated by the Fed, we had a stock market bubble, interest rates

0:41.8

were artificially low, we needed to make America great again, we needed to drain the swamp,

0:47.3

we needed to re-industrialize the country, we needed to start producing things and shrinking

0:52.2

the trade deficit and reducing the size of government and pay off the national debt.

0:57.8

So he said a lot of good things to become president.

1:02.2

The problem is once he became president, he abandoned everything he campaigned on and

1:08.1

he became exactly what he was criticizing, career politician.

1:13.4

He became part of the very swamp that he wanted to drain, in fact, he made the swamp deeper.

1:19.8

The U.S. government spending increased substantially under Donald Trump, right?

1:25.8

And so Trump actually increased taxes because government spending is taxation.

1:32.7

The fact that they cut income taxes just means that we're paying for government through

1:38.0

an alternative means and that means was debt and inflation.

1:42.2

So Trump squandered the opportunity to do the right thing initially.

...

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