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The NPR Politics Podcast

How Trump Makes His Money, From Golf Courses To Crypto

The NPR Politics Podcast

NPR

Politics, Daily News, News

4.524.9K Ratings

🗓️ 26 June 2025

⏱️ 15 minutes

🧾️ Download transcript

Summary

From Trump Tower to Trump Steaks, President Trump's business ventures have always been about the Trump brand. What does that mean when the man behind the brand is back in the White House? Trump's recent financial disclosures offer some clues.

This episode: senior White House correspondent Tamara Keith, political reporter Stephen Fowler, and senior political editor and correspondent Domenico Montanaro.

This podcast was produced by Bria Suggs and edited by Lexie Schapitl. Our executive producer is Muthoni Muturi.

Listen to every episode of the NPR Politics Podcast sponsor-free, unlock access to bonus episodes with more from the NPR Politics team, and support public media when you sign up for The NPR Politics Podcast+ at
plus.npr.org/politics.

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Transcript

Click on a timestamp to play from that location

0:00.0

On the Planet Money podcast, the economic world we've been living in for decades was built on some basic assumptions.

0:06.2

But the people who built that world are long gone.

0:08.9

And right now, those assumptions are kind of up in the air.

0:12.0

Like the dollar as the reserve currency.

0:14.6

Is that era over?

0:16.3

If so, what could replace it?

0:17.8

And what does that mean for the rest of us?

0:19.8

Listen to the Planet Money podcast from NPR wherever you get your podcasts.

0:24.1

Hey, this is Chelsea calling from my local rock climbing gym at the top of the wall. This podcast was recorded at 107 p.m. on Thursday, June 26.

0:35.7

Things may have changed by the time you hear this, but hopefully I'll be down from the top of the wall.

0:44.1

So after my vacation where I repelled off of waterfalls, I was like, hey, kids, we should go to a rock climbing gym and do more of this.

0:52.7

And they were like, no.

0:56.2

What goes up must come down. You know, the surprising place that I never thought I would see

1:01.1

like a humongous rock climbing wall and they take it really seriously was in Reno, Nevada.

1:06.8

Huh. Went on a station visit there, the hotel I was in. One of the entire floors was rock climbing. It's like a thing. It was awesome. I can't do it, but good for them.

1:15.4

Upper body strength. Hey there. It's the NPR Politics podcast. I'm Tamara Keith. I cover the White House.

1:20.4

I'm Stephen Fowler. I cover politics. And I'm Domenico Montanaro, senior political editor and correspondent.

1:25.3

From Trump Tower to Trump's stakes, President Trump's business ventures have always been about the Trump brand.

1:31.7

Today on the show, we're talking about what that means now that the man behind the brand is back in the White House and selling.

1:39.1

Watches, Bibles, cryptocurrency.

1:42.2

It's a turban watch with almost 200 grams of gold and more than 100

1:47.2

real diamonds. That's a lot of diamonds. I love gold. I love diamonds. We all do. Stephen,

...

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