In this episode of the MeidasTouch Podcast, we expose the chaos Trump is causing across the economy and political landscape. As U.S. ports face critical shortages, Trump is busy touting fake trade deals that don’t actually exist. Meanwhile, he’s being accused of market manipulation schemes that could land anyone else behind bars. The Fed keeps interest rates steady and warns that stagflation may be around the corner, thanks to Trump’s reckless trade war. Plus: Trump loyalist Kash Patel is grilled by Democrats, GOP Senators call Trump’s massive spending bill dead on arrival, and history is made with the election of an American Pope—whose past anti-Trump posts are now going viral. Ben, Brett and Jordy discuss all this and more! Subscribe to Meidas+ at https://meidasplus.com Get Meidas Merch: https://store.meidastouch.com Deals from our sponsors! 3 Day Blinds: For their buy 1 get 1 50% off deal, head to https://3DayBlinds.com/MEIDAS. Graza: Go to https://Graza.co and use code: MEIDAS to get 10% off your Graza Starter Kit and get to cookin’ your next chef quality meal! L-Nutra Prolon: Visit https://ProlonLife.com/MEIDAS to claim your 15% discount plus a bonus gift! Oracle: Go to https://oracle.com/meidas and see if your company qualifies for this special offer. Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast Cult Conversations: The Influence Continuum with Dr. Steve Hassan: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Learn more about your ad choices. Visit megaphone.fm/adchoices
Chapter 1: What chaos is Trump causing in the economy?
Donald Trump announced a fake deal with the United Kingdom today where essentially Trump partially removed tariffs that he put in place in early April. And he's calling that a deal while trying to manipulate the markets and telling people, I don't know, something good may happen with China. You may want to start to buy stock right now. We've seen this game with Donald Trump before.
But let's face it, mainstream real people are suffering right now, unless you're in the 1% or the 1% of 1% inflations on the rise. Again, the deficits, trade deficits are actually getting larger. Our economy is shrinking. We'll talk about that on this episode. Also, a new pope was selected, the first ever American pope now named Pope. Leo the 14th was previously a cardinal in Chicago.
One of the interesting data points is that the new pope had previously made lots of posts very critical of Donald Trump and J.D. Vance, and also a bishop who was part of Donald Trump's Committee on Religion had made a statement that he does not expect there ever to be an American pope unless the power of America is in decline.
And if an American pope were to ever be appointed, it would demonstrate the view by the Vatican that America is in decline. So you can ask yourself if that's a correlation, but this bishop who's part of Donald Trump's religious council is the person who made that statement. Also, the MAGA Republicans at war with each other over the reconciliation of the
You've got a lot of MAGA Republicans who want to gut Medicaid. Others are worried about the optics of gutting Medicaid and how that could impact their election in the midterm. They're calling this a big, beautiful bill because Donald Trump's making them call it that.
but it is a big massive disaster and already mega republicans in the senate like ron johnson from wisconsin are already saying there's no chance that a reconciliation along the lines of what the mega republicans in the house are doing will ever pass the uh senate we'll talk about that we'll talk about a lot more and of course donald trump uh saying little girls you get one pencil one doll and shut up
Trump regime central planning is telling you what you can buy and not buy while Donald Trump is getting ready for a trip to the Middle East to meet with countries whose sovereign wealth funds have put literally, what, $4 billion in Donald Trump's pocket in the past 100 days, whether it's a resort deal with Qatar, Abu Dhabi using Trump crypto, Saudi Arabia having Trump resorts in Oman, and more.
Donald Trump's family is the only person benefiting off of all of of these, what I like to refer to as the rug pull Ponzi scheme presidency. Let's bring in Brett and Jordy. Guys, how are you doing, brothers?
Doing well. Trying to make sense of this all, Ben, Jordy. Good to see you guys. Good to see you, Midas, Mighty, everybody watching here on YouTube, everybody listening on Apple Podcasts, Spotify, wherever you get podcasts. Make sure to add the Midas Touch podcast. Another day, another day of chaos, as always, with Donald Trump. I like how these Republicans are always concerned about the opposition.
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Chapter 2: How is Trump's trade policy affecting the economy?
as American companies have scrambled to try to import as much as possible before the supply chain completely breaks down. So that's what we're showing to our audio listeners. Just so you know, this is a headline from Newsmax. Don't get much more right wing than Newsmax. U.S. trade deficit surges 14% to record high of $140.5 billion.
and then you take a look not just at the trade deficit but our overall budget deficits here in the united states and you look at the gop budget that is going to explode the deficit by trillions and trillions of dollars like at a bare minimum like three to five trillion dollars just on this alone i think it's going to be more like 15 to 25 or even more trillion dollars because
The Trump regime's basically fired all of the IRS auditors and they've gutted it to the point where I don't think we're going to be able to effectively collect tax revenue the way we did before. But while that's going on, here's what Donald Trump was doing at the same press conference. And again, he's using his position in the Oval Office and he's also using state regime media known as Fox.
Because the chyron, did you all notice what the chyron said there? It said, Trump going to have a good weekend with China. That's what it said on the prior chyron. And this is all arranged together. Regime media works basically Fox, Trump. They're basically the same. Right.
Jeanine Pirro, for example, from Fox, she's being looked at right now to be the next United States attorney from Washington, D.C., after the Trump regime dropped that Ed Martin guy after at least one MAGA Republican, Tom Tillis, from North Carolina, said they wouldn't approve. Ed Martin because he supported January 6th insurrectionists too much.
There's a little bit of support for Jay Sixers is okay, but just too much for the MAGA Republican in the Senate. But here what Donald Trump then does with this press conference where he's announcing this fake UK trade deal is he goes and tells people, you better buy stock, you better buy stock.
Then he combines that with using the term Palestinian as a slur to attack a Jewish senator, Chuck Schumer. Here, watch this.
You better go out and buy stock now. Let me tell you, this country will be like a rocket ship that goes straight up. This is going to be numbers that nobody's ever seen before. That's a very important element of all of this, you know, if we get that. If you don't, and the Democrats are fighting it only because they want to fight. They have Trump derangement syndrome, you know.
If it was somebody else, they wouldn't fight. If you had a normal person, if you had some stiff sitting behind you, they'd be fine. But they have Trump derangement syndrome. Senator Schumer has become a Palestinian. I don't know when they're going to give him the ceremony, whatever the ceremony may be. It's terrible what's happened to the Democrats.
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Chapter 3: What controversies surround the new American Pope?
You want to go to the Persian Gulf, they want to call it the Arabian Gulf. Like that.
Yeah. So this is this is that's all they could do because they could only handle the performative crap. And they're not even that good at that.
Like, even when you look at I know I'm covering a lot right now, but even when you look at deportations, Trump's deportation numbers, despite all the chaos, despite all of his illegal actions, despite him deporting people, kidnapping people, abducting them, disappearing them, sending them to these death camps, these concentration camps, he's actually deporting fewer people than Joe Biden did than Barack Obama did.
Like, how could you be so evil yet so incompetent at the same time? But that is the name of the game with the Trump administration.
Brett, you talk about this collective trauma that we're all going through. And I just want to say that that's exactly what it is. Like, you're so right. It's just so deeply pathetic watching Trump field these questions. He's barely getting out sentences as he's responding. But is corporate media going to push back on that and say, hey, are you cognitively all there?
I don't know if they will, but we certainly will hear. And you got Nutlick in the background, just chuckling it up. Like, it's all just so honestly dystopian. And like, what in the North Korea are we watching?
Wasn't that just so embarrassing to watch too? Humiliating.
Even like the way he was laughing.
Humiliating.
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Chapter 4: How are GOP Senators reacting to Trump's spending bill?
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Chapter 5: What are the implications of Trump's Middle East deals?
The other thing, too, is this reporter behind me was quite snarky the other day when President Trump talked about the girl having two dolls. And he said, well, what... President didn't take the question, but he said, what would you tell that girl?
I said, I would tell that young girl that you will have a better life than your parents, that you and your family, thanks to President Trump, can now be confident again that you will have a better life than your parents, which working class Americans had abandoned that idea. Your family will own a home. You will be able to advance. You will have a good education. You will have economic freedom.
That's what we are advancing.
That's why you get one doll and one pencil and you pay more for it. Housing is less affordable right now, not more affordable. We're not moving towards a situation. And by the way, if tariffs are working great, then why are you trying to do deals that remove the tariffs? And of course, there's no intellectual consistency here because there's nothing intellectual going on.
I'll show you this clip right here of the ultimate irony is let me show this video of these little girls that the Trump campaign and like the MAGA supporters put out there during the campaign. There's always a clip for everything with Donald Trump, right? Where these little girls were like, he's going to give us more Barbies and we're going to get Barbies cheap.
And that's like the message that right wing media was pushing over and over again. We're going to get Barbies. And now literally Trump Central Planning says you get one doll and one pencil. Here, watch this.
What do you want him to do? What do you want him to say today?
I want him to lower prices and lower the taxes and make Barbies cheaper.
Make Barbies cheaper?
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Chapter 6: How are tariffs impacting American consumers?
become actual professional athletes. You know what I mean? What in the world's going on here? Anyway, there's nothing to say about Judge Zinn. This is ridiculous. This is an embarrassment right here. Maybe not quite as embarrassing of the secretary general or the surgeon general that Trump's picking. Casey Means not actually being a licensed doctor.
and not passing her residency, but maybe it's tied or quite close. The big, beautiful budget bill, that's what Donald Trump's calling the stupid thing, which is going to gut your Medicaid, like $880 billion. One of their scams they're trying to do is shift the Medicaid financial burden to states. Many states already have trigger laws.
which would automatically stop state funding of medicaid if federal funding shuts off but then even states that don't have the trigger laws they don't have the funds to fund medicaid there's a role for federal government right like you need federal government to do certain things states don't have the ability to coordinate natural disasters themselves they can help
They don't have those resources. States don't. That's why our system of federalism relies on cooperation between the federal government and state governments. So Trump fired the FEMA guy.
is a mega guy because the guy said he takes his job but even he's always maga he says fema needs to do a better job reacting to the states see you later bye-bye that gets you fired they walked him in and they perp walked him out today maga fema guy just because he said he cares about fema you have to be like a linda mcmahon who runs the department of education who's willing to gut two billion dollars in mental health
money for mental health treatment in schools. That's what they're doing. Because she's so rich, it doesn't affect her. And she doesn't give a crap about public schools. They care about private schools and helping businesses run private schools. So Linda McMahon gets rid of all mental health treatment in public schools. And she says, oh, she's so rich, nothing matters to her.
And she's like, yeah, I'm going to fire myself. So they try to destroy the Department of Education from within. Moving back to, though, this budget, what they call the big, beautiful bill that gets Medicaid. And it's not beautiful. It's a big disaster. You have MAGA Republicans at war with each other, basically, because, you know, one group of MAGA Republicans want to get rid of Medicaid.
The other group of MAGA Republicans want to get rid of Medicaid. They just don't want people to know about it. And because you all have made loud noise, we've all exposed it. Democrats have exposed it. The people have exposed what they're doing. They tried to hide it. They tried to say, no, this is actually $800 billion getting removed from the Commerce Committee.
Everyone's like, okay, that means Medicaid. That means you're getting rid of Medicaid. So they got caught there. Now they're like, oh, crap, now we're going to get voted out for sure if we cut Medicaid. So we can't do that. So now you have this tension taking place.
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