Trump Rages at Bloomberg EIC When Confronted Over Plan to Explode US Debt: ‘You’ve Been Wrong All Your Life!’

John Micklethwait, the editor in chief of Bloomberg News, grilled former President Donald Trump over the national debt on Tuesday during an in-depth sit-down interview focused on Trump’s economic agenda.

“You’ve actually, you talked about it at the New York Economic Club. You said that if you lost the dollar as a reserve currency, it would be like America losing a war,” Micklethwait said at one point turning the conversation.

“You look at what you’re going to do in terms of protectionism, drive countries to use the other currencies, and all that debt is also going to lessen the dollar’s status as the world’s reserve currency. Do you worry about that?” asked Micklethwait.

Trump replied, “The value of the dollar is so secure, your reserve currency is the strongest it’ll ever be. And–”

“You said, President Trump, and the moment there was a thing called the Trump trade in the markets. Do you know what that is? The Trump trade is very simple. People are betting that your policies are going to drive up debt. They’re going to drive up inflation. So they’re going to drive up inflation and interest rates. Are the investors wrong?” Micklethwait pressed.

“Yeah, I had four years no inflation. I had four years no inflation,” Trump replied to applause.

“I had four years. It’s better than that. And Biden, who has no idea where the hell he is. Okay. Biden went two years with no inflation because he inherited from me. And then they started spending money like drunken sailors. They spent so much money. It was so ridiculous the money they were spending. They were spending on the ‘Green New Scam,’ adventure scam, the Green New Deal, you know, it was conceived of by AOC plus three. She never even studied the environment in college. She went to a nice college. She came out. She just said the green new scam. She just named all these things,” Trump continued.

Micklethwait tried to move back to talking about debt, “President Trump– the markets are looking at the fact you are making all these promises. Latest one was car loans. You’re flooding the thing with giving giveaways. But I was also I was actually quite kind to you. I used 7 trillion. The upper estimate is 15 trillion. People like the Wall Street Journal, which is hardly a communist organization, they have criticized you on this as well. You are running up enormous debt.”

“What is [sic] The Wall Street Journal know? I’m meeting with them tomorrow. What is The Wall Street Journal that they’ve been wrong about everything. So have you, by the way,” Trump shot back.

“You’ve been wrong,” Trump added as the crowd roared.

“You’re trying to turn this. You’re trying to turn–” hit back Micklethwait.

“You’ve been wrong,” Trump repeated.

“I know you’re trying, you’re trying to turn this into debate. There are business people. There are business people–” Micklethwait replied.

“You’re wrong. You’ve been wrong. You’ve been wrong all your life on this stuff. You know, let me tell you about currency. You kind of you know, you go and jump in a lot of a lot of different subjects,” Trump added.

“Sticking to the subject,” pressed Micklethwait.

“The reserve currency. That’s what you saw. Yeah, right. The reserve currency is under threat because you have Iran, you have Russia, you have China wants, China is the one that you have to worry about because they want it,” Trump replied, adding:

Yeah, they want to have the Yuan be the thing of power. So here’s what I’m doing again, I hate to go back to it. If somebody says and I know countries want to get out because they don’t respect our leadership, they look at this guy, they say, you got to be kidding. And she’s worse than him, by the way. She’s I never thought I’d say this. She is not as smart as Biden, if you can pull it. This is not what we had four years of this. This is lunacy and we can’t have any more. We’re not going to have a country level. Okay. Currency, very important. Yes. And if you want to go to third world, if you want to go to third world status, lose your reserve currency, we have to have that. We cannot lose it.

Watch the clip above via CNN.