Transcript of Trump makes Fatal Calculation during War!!!

Donald Trump has been making fatal error after fatal error after fatal error, resulting in economic calamity here in the United States and abroad. Donald Trump did a shakedown, of course, of Middle East nations, saying they got to join the Board of Peace. Give him money that goes into who knows what bank account. He says, I'll give you protection. Then Donald Trump, impulsively after hearing that Israel is going to attack Iran Iran. Donald Trump initiates his invasion of Iran and then screws over every Middle East nation, absolutely destroys all of those nations that Donald Trump also was doing his own personal business interests with as well Now you have countries like Qatar after Donald Trump was holding this Board of Peace or whatever the hell he called it meeting. You have Qatar saying, The Iran war could bring down the economies of the world. That's what Qatar saying. Qatar usually will give you statements when it comes to the economy that's even keeled. They're saying economic calamity. The entire economies of the world could be on the brink of crashing. They warn that oil, right now, $95 per barrel, that could see $150 per barrel within days as Gulf countries prepare to shut down production.

Qatar predicts that all Gulf energy exporters will will shut down production within days. Let me repeat that. Qatar predicts that all Gulf energy exporters will shut down total production within days, and even if the war then ends immediately, all of a sudden, Donald Trump declares fake victory, even though he's a loser. Qatar says, Look, it'll take us weeks or even months to return to normal. Qatar predicts that natural gas prices are now going to rise 400%. Qatar says that global GDP will be hit in massive ways. We could be heading into a world economic depression as a result of Donald Trump if this continues for just a few more weeks. Qatar says that the war will delay all expansion plans for countries in this region. Donald Trump, of course, responds with a panicked response because that's what the Trump and his regime always does. They say, Okay, here's what we're going to do. We'll provide insurance to the entire region, regardless of the country. Let's get those freight, let's get those big cargo ships. Let's get them out of the Strait of Hermus. Take the risk, everybody. We'll get you out of there. If you get hit and people die because Iran is hitting their targets, all good.

We've got you when it comes to insurance. Donald Trump orders the US Development Finance Corporation, You got to do this, but here's the catch. The US Development Finance Corporation is $200 billion short of the capacity needed to underwrite insurance policies for ships going through the Strait of Hormuza per financial times. The details include the following. The USDFC was ordered by President Trump this past week. Insure vessels, give him insurance in the Strait of Hormuze because no insurance company is going to do it right now. So Trump's like, The government will do it. Big government You know the government here in the United States that rips away people's health care, that sends ICE and Border Patrol Gestapo to kill people, right? The destructive government. They're going to do insurance when it comes to these cargo ships. But DFC reportedly has a $154 billion of the $325 or $352 billion needed to underwrite insurance policies, raising the total liability cap for the US DFC, would require an act of Congress. Traffic in the Strait of Hormuza is now down 92%, nearly 20 million barrels per day of oil supply are currently frozen. Then after Donald Trump realizes, Oh, what?

We don't have the money. He's like, All right, let's do it on a rolling basis then, and we'll basically do 20 billion a ship, 20 billion a time, and let's do it that way. But no ships are leaving the Strait of her moose right now as long as Iran continues to be able to operate the way they are with their Shahid drones and ballistic missiles, and you saying that you have this money and you don't, at this point, you have negative confidence in you. In essence, people recognize, like they should have from the beginning, that you're an absolute conman, and you talk about the economic calamity and the fatal decisions by Trump on top of fatal decisions. As the Financial Times reports, delete Depleted oil reserves now leave the United States exposed as Iran war pushes up prices. The strategic oil reserve is currently at 415 million barrels or so, or 58 8% of what it needs to be. Trump never took advantage of the lower oil prices that existed before during this past year in order to top off the country's emergency supply before launching launching this war against Iran, which is creating an absolute catastrophic effect.

One of the things that Donald Trump promised on his campaign, but everything he says is an absolute lie, is we're going to replenish the reserves. We're going to replenish the reserves. Now, one of the things that Biden actually did effectively, but Trump and MAGA were criticizing, is that Biden would sell portions from the strategic to actually make profits off of them. Then when the price of oil would go low, Biden would replenish it. But there were times when the strategic reserves would be low. But Biden was actually executing very sophisticated oil trades at the time. But anyway, that was being criticized by the Trump regime. One of the big things that Trump was saying, he said a lot of crazy things during the campaign, mostly crazy things. But one of the things he was like is, You're not replacing replenishing the reserves. So Trump had the ultimate ability to replenish the reserves. Also, he invaded Venezuela. One of the things he said he was going to do, remember with Venezuela, I'm going to take that oil and replenish the reserves. He didn't do that. So let's ask the question, so where the hell did that oil go?

To Donald Trump's oligarch Buds, Donald Trump took the money and moved it to Qatari bank accounts, and now Qatar is under attack. That's what Donald Trump put it into accounts for himself when he could have, if he was focused on the national interest, replenished the strategic reserves. And so we're just getting data point after data point right now. That is very, very worrisome because You have Donald Trump launching this war. When we talk about the fatal errors, the fatal moves, the fatal maliciousness by Donald Trump, we already saw inflation rising. Inflation was starting to surge because of Donald Trump's tariffs against the world. The Supreme Court gave Donald Trump an out, an ultimate out, when they ruled against his IEPA, emergency tariffs against the world, saying, You don't have this power. So what does Donald Trump do right after? He invokes Section 122 of the Trade Act of 1974, which is also inapplicable. He says, I'm going to use this, and then I'm going to use all of these tariff inspection capabilities. So I'm raising the tariffs to 15% across the entire world. So Donald Trump does the Section 122 unlawful thing, 15% tariffs against the entire world.

The world is pissed, livid at Donald Trump for doing this. And then Donald Trump invades Iran, doesn't listen to what the people with the other countries in the Middle East who were just there for his stupid Board of Peace thing were saying to him. He doesn't replenish his oil reserves. He screws over the allies or whatever you want to call the people who Donald Trump does these quid pro quo deals, these countries in the Middle East, we don't have allies. Donald Trump has been attacking NATO saying he's going to invade Greenland, so he's turned NATO away from him. All of this is happening at once. While you're getting all of this data, yesterday, what, on Friday, we learned that there was a massive, massive 92,000 job loss numbers came out for February. Unemployment surge to 4. 4%, and that data is data that precedes, that is before Trump's invasion of Iran. That's right. Us payrolls fell 92,000 in February. There was an expectation of 58,000 job gains, but it fell 92,000. That is very, very, very bad stuff It's right there.

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With all of this taking place, you're wondering, too, what's going on with BlackRock? What's going on? Not that I care, but it's an indicator also of what are these oligarchs doing? What's going on there? So BlackRock just froze $1. 2 billion in withdrawal request at its private credit fund. Investors in BlackRock's $26 billion fund asked to pull out about 9. 3% of their money. Blackrock said no, cap withdrawals at 5%. Blackstone's $82 billion fund saw a record withdrawal request the same week. Blackstone had to put in $400 million of its own cash to cover the exits. Two of the biggest funds on the planet are limiting how much you can take out. That's problematic right there. And BlackRock confirmed capping what are called redemptions at 5%, with 620 million paid out on its $26 billion HPS corporate lending fund after $1. 2 in Q1 request, a 9. 3% net asset value was reported by Bloomberg and Barons on March 6, 2026. Similar pressures hit Blackstone's $82 billion fund. All right, so Donald Trump then sends his sycophants, his regime talking heads out there, like this guy right here, Trump's Federal Reserve Governor, Stephen Moran, I call him Stephen Moran.

As oil prices are surging as inflation is surging. Here's what this guy said. Here, play this clip.

Look, I think that we don't have an inflation problem, that the inflation excess is not entirely, but largely a function of measurement issues. I think that the labor market can use more accommodation from monetary policy. I don't see having a modestly restrictive stance of monetary policy as opposed to a neutral stance as being appropriate. I think being close to neutral is appropriate.

Is the notion of an extended pause in itself dangerous, do you think?

Is time in the essence that much? I think that the longer we run policy to be too restrictive, the greater risk we run that we see jobs prints like we did today.

Okay, now, here is what Kevin Hassett, Donald Trump's National Economic Advisor, had to say. Here, play this clip. Are there enough asterisks in Jim's words to make this number make more sense?

Well, I think Jim's right. There have been so many strong indicators this month that it's something of a surprise. But there are some weather, there are strikes on the West Coast, and I think that we also have this birth-death model, the change in the procedure at the BLS. And so I think what we need to start doing with these jobs numbers, at least on the payroll side, is take the average over a few months. And if you take the average over a few months, we had a surprisingly positive one last month and a surprisingly negative one this one. But on average, it's about what we expect to be seeing because The immigration has gone down by so much that break-even employment is probably in the 30 or 40,000 jobs a month range. And so, yeah, I think it's consistent with everything else we're seeing, which is that the economy is really strong.

And more from Kevin Hassett right here, let's play it.

This economy is moving the fastest we've ever seen. With, say, 4% growth this year, which is about what I expect that we're going to see, then there'll be so much activity that everybody's going to be able to find the job that wants one.

Donald Trump's Labor Secretary, Laurie Chávez De Riemer said the following. Madam Secretary, 92,000 jobs out in February. Fewer jobs in health care, fewer jobs for information services because of AI, the weather hurt things, government employment down. If you add it all up, it doesn't look good for the Trump economy.

Yeah, I couldn't agree with you. I think we have to address the fact that this is not a good report in its raw numbers. But we have to also talk about why this that possibly has happened. This snapshot in time, it was mentioned the weather. We saw health care numbers go down. We saw a record strike in California, over 30,000 jobs lost there. But that has been resolved, so we're hoping to see those numbers tick back up next month. But overall, we've gained 60,000 new jobs over the last two months. So this is important for us to recognize what the message is here, what the noise is, and how focused the Labor Department is in making making sure that we can bring back those jobs in construction, manufacturing. We're seeing the confidence go up. We've seen the investments that the President has made. I've said it over and over again. The President and I talk. We visit on this often. It's important to him. We're laser-focused to make sure that we have that skilled workforce, and it's just going to take some time. So we're recognizing what happened this month, and we're going to stay laser-focused to bring those jobs numbers up.

More from Laurie Chávez Dorema right here. Let's play it. The midterms about roughly nine months away. How soon can we expect the jobs picture to pick up sharply more jobs coming into the economy? When are we going to see that?

Well, I think we have seen that tick up a little bit. Again, this number in its raw numbers is not something we wanted to see, but overall, we're still better than what we inherited from the Biden administration. So again, in the last two months, Stuart, 60,000 jobs have been created, and we need to remind ourselves ourselves that I'm working with our community colleges and our tech schools and our private industries so that we recognize what the market demands are and get in that trained workforce as soon as possible.

Here's how they tried to cover it up on state regime media. It's what Maria Bartaroma said. Here, play this clip.

Sheryl, you've got to also counter in the fact that we had a horrible winter. The February storms caused a lot of issues. People did not want to leave. Maybe look at that for the retail sales. But even in January, it was messy. As you heard from Jerry, it's always messy. It's the month after the holidays, people returning stuff, etc. What else do you look at this morning, Sheryl, that's informing? Well, the retail sales number that we got crossing along with the jobs report I thought was very important. Look, 3. 2% annual retail sales year over year. Not adjusted inflation, but that is a strong number. The unemployment rate, it's a little bit higher than it was over the last year, but historically, the unemployment rate in this country is at a very low level. Also, to your point about the weather, that was a factor in this report, along with the strike in health care. That was at the top of the government's list this morning when they released the report. It was the third line in that report. They highlight this because they want to make sure that that matters.

And then the MAGA Republicans in Congress, like Mark Alford, is like, You know what? When you have this type of kinetic conflict, this is what happens. Buckle up. This is the sacrifice we need you to make if you're patriotic. Here, play this clip.

I think we all know that when you have a kinetic conflict like this, whether you want to call it a war or not, we are putting energy, resources, money into this. It is going to take a little bit of sacrifice on the part of Americans. There is a political component to this. We have the midterms coming up. The Democrats have tried to make it about affordability. That will certainly play into that. But I think the average American in my district understands the need that we decapitate this terrorist regime and make sure it never grows ahead again.

And then Treasury Secretary Scott Besson says, You know what we got to do here, which is going to be great? We got to help Russia out. Let's do more unsanctioning of Russian oil. We've already just unsanctioned Russian oil to India. Let's do more of that. Let's help Russia get really rich right now while we beg Zelenskyy for help on how to knock down the Shahid drones. Let's screw over Zelenskyy, help Russia, Russia's allying with Iran, to attack the United States and to give them coordinates. Let's help Russia. What a brilliant regime this is, the Trump regime. Here, play this clip.

The Indians had been very good actors. We had asked them to stop buying sanction Russian oil this fall. They did. They were going to substitute it with US oil. But to ease the temporary gap of oil around the world, we have given them permission to accept the Russian oil. We may unsanction other Russian oil. The other thing Treasury can do here, Larry, is there are hundreds of millions of sanction barrels of sanction crude on the water. And in essence, by unsanctioning them, Treasury can create supply. And we are looking at that. We're going to keep a cadence of announcing measures to bring relief to the market during this conflict.

There you have it, folks. Let me know what you think. Hit subscribe. Let's get to seven million subscribers, and thanks for watching.

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Es gelten die Teilnahmebedingungen.