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🗓️ 22 April 2025
⏱️ 41 minutes
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0:00.0 | In 1932, the unemployment rate in this country was 23.6%. Let me say that again. The unemployment rate in 1932 was 23.6%. We were at the depth of what came to be known as the Great Depression, the cruelest economic |
0:24.6 | depression in American history. |
0:27.7 | Starving children were going to bed hungry in this country in 1932. |
0:31.5 | The suicide rate was skyrocketing. |
0:34.6 | And today, the Trump stock market is on its way, according to the Wall Street Journal, |
0:40.6 | to the quote, worst April since 1932. |
0:47.8 | Prior to the Donald Trump stock market, not a single economic indicator in this country has ever resembled anything in 1932 during the entire |
1:00.0 | course of our lifetimes. But now Donald Trump has managed to bring the stock market back to |
1:08.0 | 1932. The difference between 1932 and today is that in 1932, the only hope, and I mean the only hope |
1:18.6 | that people had in this country came from the newly elected president of the United States, |
1:25.6 | Franklin Delano Roosevelt, who was working every day then |
1:30.3 | to lead the country out of that depression, which is exactly what he did. Every president in our |
1:39.0 | lifetimes has always known every minute of the day how to instantaneously crash the stock market. |
1:48.0 | They've all known how to do it, and not one of them has chosen to do that until Donald Trump. |
1:56.3 | Every president always knew that all he had to do to crash the stock market was to take a public |
2:01.7 | swipe at the chair of the Federal Reserve, who has always been, no matter who it is, more popular |
2:10.6 | with Wall Street than any president of the United States. So for better or worse, Wall Street |
2:16.3 | always respects the Federal Reserve chair much more than they respect the President of the United States. So for better or worse, Wall Street always respects the Federal Reserve chair |
2:18.8 | much more than they respect the President of the United States. And now that respect gap is bigger |
2:25.4 | than ever. And so Donald Trump decided that once again today, he would attack, publicly |
2:33.4 | attacked Jerome Powell, the chair of the Federal Reserve, |
2:36.6 | who was appointed to that job by Donald Trump in his first term, and then was reappointed by |
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