--- title: 'Team Trump is either about to make a deal or LYING...' source: 'https://youtube.com/watch?v=EaPdGBSuYto' video_id: 'EaPdGBSuYto' date: 2026-10-29 duration_sec: 161 channel: 'Meet Kevin' --- # Team Trump is either about to make a deal or LYING... > Source: [Team Trump is either about to make a deal or LYING...](https://youtube.com/watch?v=EaPdGBSuYto) ## Summary The video analyzes recent statements by Treasury Secretary Scott Bessent and Federal Reserve Chair Kevin Worsh, who suggested that inflation may be transitory due to an energy and supply shock. The creator argues that this rhetoric signals a coordinated effort to justify potential rate cuts, possibly ahead of a deal with Iran, and draws parallels to the 2008 ECB mistake of hiking into a recession. ### Key Points - **Bessent's Transitory Inflation Remark** [00:01] — Scott Bessent, in a CNBC interview, stated that inflation should be viewed as transitory, citing an energy and supply shock, and emphasized the need for the Fed to keep an open mind. - **Historical Precedent: 2008 ECB Mistake** [00:33] — The creator notes that the last time a central bank hiked into a potential oil supply shock was in 2008, which was a mistake by the ECB, hiking into a recession. - **Worsh's Conditional Outlook** [01:04] — Kevin Worsh suggested that if oil prices decline, the Fed might change its outlook, a rare and surprising statement for a Fed official. - **10-Year Yield and Oil Price Relationship** [01:17] — Worsh highlighted a significant relationship between the 10-year Treasury yield and oil prices, implying that falling oil could ease long-term inflation expectations. - **Iran Blockade and Economic Collapse** [01:44] — The creator claims that Iran has no oil on the water for the first time ever, and the blockade is working, with the Iranian economy potentially collapsing by 25% year-over-year, worse than Russia's 22% contraction after the Iron Curtain fell. ### Conclusion The creator suggests that the administration's use of 'transitory' again indicates either a bold bet on a forthcoming deal (likely with Iran) or a coordinated narrative to prepare markets for rate cuts, despite the risks of repeating past policy mistakes. ## Transcript administration is going kooky. Scott Besson just said that we should view the inflation as transitory. I kid you not. Let me break down what he said. Scott Basson just went on a CNBC interview right during Microsoft and Google worse. And what does he say? He says, "We want to Fed with an open mind. We are getting an energy and supply shock." And you know, the last time we ended up having a central bank hike into a potential supply shock of oil, well, that was 2008, and that was the mistake the ECB made, hiking into a recession. And therefore, we should view all of this as transitory. Now, I don't know if Besson's talking to Donnie and Donniey's talking to Worsh or they're all having, I don't know, golf meetings and cheesecake dates together tonight. I don't know. But what it sounds to me like is they're all coordinated together happened?" Like Kevin Worch, what happens if oil prices go down? You know, we might have to change our opinion and our outlook and our view here. You know what? Why would you ever say that? We've never heard a Federair going, "Oh, yeah. inflation just plummets really freaking fast? Well, yeah, great. You know, and pigs can fly, too. I mean, it'd be a wonderful miracle. It's what I hope happens, but I've never seen or heard them go for declaring that. That I think goes on to say, "There's a big relationship between the 10-year and oil prices." That's literally what Kevin Worsh said. Then he says, "Hey, we shouldn't slow growth in the economy just because of an energy shock just to fight uh this because then you might end up reducing consumption and that's not up reducing consumption and that's not good. Also, Iran has no oil on the water for the first time ever in Iran. Our blockade is BLA basically working really well and we believe that the Iranian economy is down and will end up having economy is down and will end up having collapsed as much as 25% year-over-year from March to March if this keeps going on. It makes a comparison to Russia when the Iron Curtain came down and Russia had an economic contraction of 22%. had an economic contraction of 22%. Suggesting this would be worse than them and that the IRGC are just rats in sewer pipes all hiding. This is some interesting branding from the United States point of view. And I don't know inflation transitory again. I think you'd have to have either some big balls to use that word again, or maybe you think a deal is about to