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Traders are betting Trump is fundamentally incompetent

April 10, 2025
Wealth Inequality Enough is Enough Tax Wealth Not Work Economics of Covid Rich get Richer Poor get Poorer Economics Explained Tax the Rich End Austerity Billionaire Poverty
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I<00:00:00.480> don't<00:00:00.719> know<00:00:00.960> what<00:00:01.280> Trump<00:00:01.600> wants<00:00:02.320> but<00:00:02.560> like

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I don't know what Trump wants but like

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I don't know what Trump wants but like the<00:00:03.520> percentage<00:00:04.080> like<00:00:04.400> probability<00:00:05.040> that<00:00:05.359> I

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the percentage like probability that I

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the percentage like probability that I ascribe<00:00:06.000> towards<00:00:06.560> that<00:00:07.120> government<00:00:07.680> being

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ascribe towards that government being

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ascribe towards that government being fundamentally<00:00:08.920> incompetent<00:00:09.920> has<00:00:10.240> definitely

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fundamentally incompetent has definitely

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fundamentally incompetent has definitely increased<00:00:11.360> and<00:00:11.519> I<00:00:11.679> think<00:00:11.759> amongst<00:00:12.200> traders

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increased and I think amongst traders

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increased and I think amongst traders definitely<00:00:13.920> definitely<00:00:14.559> it's<00:00:14.799> similarly<00:00:15.120> to

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definitely definitely it's similarly to

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definitely definitely it's similarly to trust<00:00:16.000> people<00:00:16.240> like<00:00:16.400> Liz<00:00:16.720> Truss<00:00:17.039> and<00:00:17.279> people

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trust people like Liz Truss and people

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trust people like Liz Truss and people like<00:00:17.600> the<00:00:17.760> Trump<00:00:18.279> administration<00:00:19.279> they<00:00:19.520> are

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like the Trump administration they are

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like the Trump administration they are correct<00:00:20.080> in<00:00:20.560> identifying<00:00:20.960> that<00:00:21.199> there<00:00:21.439> are

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correct in identifying that there are

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correct in identifying that there are massive<00:00:22.000> problems<00:00:22.320> in<00:00:22.480> the<00:00:22.640> economic<00:00:23.080> system

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massive problems in the economic system

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massive problems in the economic system but<00:00:24.320> both<00:00:24.640> of<00:00:24.720> these<00:00:24.960> groups<00:00:25.279> of<00:00:25.439> people<00:00:26.080> Liz

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but both of these groups of people Liz

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but both of these groups of people Liz Truss<00:00:26.720> and<00:00:26.880> now<00:00:27.039> Donald<00:00:27.359> Trump<00:00:28.320> seem<00:00:28.560> to<00:00:28.800> think

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Truss and now Donald Trump seem to think

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Truss and now Donald Trump seem to think that<00:00:29.119> the<00:00:29.279> way<00:00:29.359> to<00:00:29.519> fix<00:00:29.840> the<00:00:30.000> economy<00:00:30.880> is<00:00:31.119> to

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that the way to fix the economy is to

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that the way to fix the economy is to like<00:00:31.519> lock<00:00:31.760> a<00:00:32.160> couple<00:00:32.399> of<00:00:32.559> geeks<00:00:33.440> in<00:00:33.600> a<00:00:33.760> room

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like lock a couple of geeks in a room

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like lock a couple of geeks in a room for<00:00:34.160> a<00:00:34.239> couple<00:00:34.399> of<00:00:34.480> weeks<00:00:34.719> and<00:00:34.960> ask<00:00:35.200> them<00:00:35.360> to

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for a couple of weeks and ask them to

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for a couple of weeks and ask them to rewrite<00:00:36.000> the<00:00:36.239> entire<00:00:36.640> economic<00:00:37.120> system<00:00:37.680> all

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rewrite the entire economic system all

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rewrite the entire economic system all by<00:00:38.079> themselves<00:00:38.640> and<00:00:38.879> then<00:00:39.040> to<00:00:39.280> suddenly

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by themselves and then to suddenly

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by themselves and then to suddenly forced<00:00:40.640> some<00:00:41.040> crazy<00:00:41.600> poorly<00:00:42.000> implemented

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forced some crazy poorly implemented

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forced some crazy poorly implemented plan<00:00:43.200> on<00:00:43.520> the<00:00:43.760> entire<00:00:44.160> world<00:00:44.800> without<00:00:45.200> any

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plan on the entire world without any

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plan on the entire world without any discussion<00:00:46.480> and<00:00:47.160> um<00:00:48.160> I<00:00:48.480> think<00:00:48.559> it's

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discussion and um I think it's

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discussion and um I think it's phenomenally<00:00:49.360> immature<00:00:49.920> way<00:00:50.079> to<00:00:50.239> do<00:00:51.039> politics

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phenomenally immature way to do politics

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phenomenally immature way to do politics and<00:00:51.680> economics.<00:00:52.320> I<00:00:52.559> mean<00:00:52.879> God<00:00:53.199> knows<00:00:53.440> how<00:00:53.600> many

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and economics. I mean God knows how many

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and economics. I mean God knows how many Cambodians<00:00:54.320> would<00:00:54.480> have<00:00:54.640> died<00:00:55.280> just<00:00:55.600> to<00:00:55.840> make

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Cambodians would have died just to make

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Cambodians would have died just to make it<00:00:56.480> so<00:00:56.719> that<00:00:56.960> poor<00:00:57.280> Americans<00:00:57.680> can't<00:00:57.840> afford

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it so that poor Americans can't afford

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it so that poor Americans can't afford trainers.<00:00:58.879> And<00:00:59.039> I'm<00:00:59.280> not<00:00:59.520> saying<00:01:00.399> that

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trainers. And I'm not saying that

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trainers. And I'm not saying that tariffs<00:01:01.120> are<00:01:01.199> a<00:01:01.359> bad<00:01:01.520> policy,<00:01:01.840> but<00:01:02.079> when<00:01:02.399> are

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tariffs are a bad policy, but when are

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tariffs are a bad policy, but when are we<00:01:02.800> going<00:01:03.440> to<00:01:03.760> wake<00:01:04.000> up<00:01:04.159> to<00:01:04.320> the<00:01:04.559> fact<00:01:05.199> that<00:01:05.439> we

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we going to wake up to the fact that we

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we going to wake up to the fact that we have<00:01:05.840> serious<00:01:06.159> economic<00:01:06.640> problems<00:01:07.280> and<00:01:07.520> we

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have serious economic problems and we

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have serious economic problems and we need<00:01:07.840> to<00:01:08.000> have<00:01:08.080> a<00:01:08.320> discussion<00:01:08.560> about<00:01:08.720> this<00:01:08.960> as

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need to have a discussion about this as

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need to have a discussion about this as a<00:01:09.360> society?<00:01:10.080> Why<00:01:10.320> does<00:01:10.479> it<00:01:10.720> have<00:01:10.880> to<00:01:11.119> keep

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a society? Why does it have to keep

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a society? Why does it have to keep being<00:01:12.320> crazy<00:01:12.799> people<00:01:13.119> with<00:01:13.439> crazy<00:01:13.760> hair

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being crazy people with crazy hair

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being crazy people with crazy hair bringing<00:01:14.560> up<00:01:14.799> crazy<00:01:15.200> policies<00:01:16.080> that<00:01:16.320> they

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bringing up crazy policies that they

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bringing up crazy policies that they seem<00:01:16.880> to<00:01:17.040> have<00:01:17.439> like<00:01:17.840> made<00:01:18.159> up<00:01:18.720> themselves<00:01:19.680> a

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seem to have like made up themselves a

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seem to have like made up themselves a week<00:01:20.439> earlier,<00:01:21.439> you<00:01:21.600> know,<00:01:22.320> in<00:01:22.479> a<00:01:22.640> little

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week earlier, you know, in a little

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week earlier, you know, in a little meeting<00:01:23.119> with<00:01:23.360> four<00:01:23.680> people?<00:01:24.159> It's<00:01:24.720> it<00:01:24.799> it

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meeting with four people? It's it it

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meeting with four people? It's it it drives<00:01:25.280> me

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drives me

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drives me mad.<00:01:27.040> Oh<00:01:27.280> my<00:01:27.439> god.