The MeidasTouch Podcast - All Hell Breaks Loose as Trump Has Awful Friday
Episode Date: June 28, 2025MeidasTouch host Ben Meiselas reports on Donald Trump’s Friday meltdown has he responds to awful economic news by threatening Canada and making bizarre statements about the Ayatollah in Iran. Go t...o https://Ground.News/MTN to cut through misinformation, critically analyze the news shaping our lives and hold the media accountable. Save 40% off unlimited access to Ground News with my link or scan the QR code on screen. Visit https://meidasplus.com for more! 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 The Influence Continuum: 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 Coalition of the Sane: https://meidasnews.com/tag/coalition-of-the-sane Learn more about your ad choices. Visit megaphone.fm/adchoices
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BetMGM Ontario app today. You don't want to miss out. Visit betmgm.com for Seems like all hell is breaking loose today as Donald Trump got very bad news, bad economic
data.
Disastrous, one might say.
Inflation is now spiking to 2.7% in May.
That's worse than expected.
Income is falling 0.4%.
GDP is shrinking 0.5% in Q1. It was revised downward.
And consumer spending is dropping 0.1%. Donald Trump is freaking out. He held a whole press
conference and I'll cover the press conference in a little bit. But he's been attacking Canada,
lashing out at Canada this morning and saying, all discussions with
Canada are off, we are going to tariff the hell out of Canada. I'll show you that in
a moment as well. And he's also telling the Ayatollah of Iran, I saved you from a very
ugly and ignominious death. You owe me. Stop saying that you beat us. That is a very mean thing
I'll go and show you his post. Meanwhile
Iran has fully pulled out of the IAEA
cooperation deals and inspections as a result of the strikes against
Iran which we now know from US intelligence European intelligence intelligence, and others were not as effective
as the Trump regime had claimed.
Economist Justin Wolfers over at the University of Michigan, though, says the following.
It's quite rare for consumer spending to fall in inflation-adjusted terms.
It happened during COVID and during the financial crisis, and it is happening
now.
Wolfers also points out that it seems, he puts it as a question, but it seems that we're
starting to see the first signs in official data of tariff-fueled inflation. And you can
see the inflation rising again with that bad report in May. Meanwhile, as you go to Donald Trump's
social media platform, you see things like this. This is, I guess, how the social media platform
tries to earn revenue. But as you know, truth social and Trump media has been losing massive
amounts of money. I think like last year lost like hundreds of millions of dollars, huge,
huge losses on like $4 million in revenue, Trump's $150 trillion
gift to America.
As I look at this photo, I still don't know what this thing is by his ears right there,
but it's just grift after grift it seems in my opinion.
Now, Donald Trump posts the following about Ayatollah Khomeini, the leader of Iran.
He goes, why would the so-called supreme leader, he puts that in quotes, Ayatollah Khomeini, the leader of Iran, he goes, why would the so-called supreme leader,
he puts that in quotes, Ayatollah Ali Khomeini, of the war-torn country of Iran say so blatantly
and foolishly that he won the war with Israel when he knows his statement is a lie?
It is not so.
As a man of great faith, he is not supposed to lie.
His country was decimated.
His three evil nuclear sites were obliterated, and I knew exactly where he was sheltered,
and would not let Israel or the US armed forces, by far the greatest, most powerful in the
world, terminate his life.
I saved him from a very ugly and ignominious death, and he does not have to say thank you,
President Trump.
In fact, in the final act of war, I demanded that Israel bring back a very large group
of planes which were heading directly to Tehran, looking for a big day, perhaps the final knockout!
Tremendous damage would have ensued, and many Iranians would have been killed.
It was going to be the biggest attack of the war by far.
During the last few days I was working on the possible removal of sanctions and other
things which would have given a much better chance to Iran at a full, fast, and complete
victory.
The sanctions are biting.
But no, instead I get hit with a statement
of anger, hatred, and disgust and immediately dropped all work on sanction relief and more.
Iran has to get back into the world order flow." What the hell in the world is he even
talking about there? Then he says that he's ending all trade discussions with Canada and
will be levying more tariffs against them in the next seven days.
We have just been informed that Canada, a very difficult country to trade with,
including the fact that they have changed our,
they have charged our farmers as much as 400% tariffs for years on dairy products,
has just announced that they are putting on digital services
tax on our American technology companies, which is a direct and blatant attack on our
country.
They are obviously copying the European Union, which has done the same thing and is currently
under discussion with us also.
Based on this egregious tax, we are hereby terminating all discussions on trade with
Canada.
Effective immediately, we will let Canada know the tariff that they will be paying to
do business with the United States of America within the next seven-day period.
Thank you for your attention to this matter.
So it's not two weeks.
It's a seven-day period.
All trade discussions are off with Canada.
And do you see how he just treats Canada and the European Union like they are the enemies?
And again, Donald Trump continues to make the US
less and less relevant with this taco routine.
It's a joke, it's a clown, it's dangerous.
And you see it's now impacting the economic data
we have here, but you know from watching
the Midas Touch Network that the United States
was basically sidelined during the NATO summit while Canada while Canada entered into a very strong
Defense pact with the European Union which also included very close
economic
Coordination so then you had this morning, Treasury Secretary Scott Besson, we haven't
seen him humiliate himself all that recently on Fox, but he's back. We see him humiliate
himself every day, but here he goes back on Fox Fox. And Maria Bartiroma asks, so what is the next
country we should expect a trade deal with the United States? Who's gonna do it? Are you gonna get any deal done beyond just the UK
before this August deadline?
And by the way, note that she's now talking
about an August deadline.
Wasn't the deadline 90 days, like July 9th?
Okay, now it's an August deadline, it's Labor Day.
These people are the most pathetic, worst negotiators and they just lie about everything.
Remember 90 deals in 90 days,
remember everyone's gonna get $5,000 Doge checks
because Doge was gonna be so great.
Remember you were promised a $5,000 Doge check,
maybe we should file a class action against the Trump regime
to give us those $5,000 Doge checks that they promised.
And then they said inflation would be down,
and there would be so many jobs,
you wouldn't know what to do with it.
Anyway, here's Treasury Secretary Scott Besson.
What is the next country we should expect a trade deal
to do with the United States?
Are you gonna be able to get some deal announcements
beyond just the UK before this August deadline,
where we're gonna hear from the
Court of International Appeals.
Maria, with all things, they get done at the end.
You have to put on a deadline.
As you and I know, nothing gets done in Washington
well in advance, so I think a lot of the countries
are feeling pressure.
As President Trump has said, he's created maximum negotiating leverage
for Ambassador Greer, Secretary Lutnick, and myself
by saying if you can't get to a deal,
he's happy to go back to the April 2nd level.
So we have countries approaching us with very good deals.
We have 18 important trading partners.
UK, China, they are behind us
for now, are behind us. And then Secretary Lutnick said yesterday that he
expects 10 more deals. So you know if we can ink 10 or 12 of the important 18,
you know there are another important 20 relationships,
then I think we could have trade wrapped up by Labor Day.
So we will have taxes and trade,
which I think will provide a great stimulus from the economy.
And then there's the deregulatory impact.
By the way, I often get asked the research tools I use
when I do videos like this. The big
one for me that I use is ground news, which is an essential research tool for me. Go to ground.news
slash MTN or scan the QR code and you can get 40% off the top tier vantage planet ground news.
That's what I use to do all of the research that I do. And one of the features I use for ground news, that's what I use to do all of the research that I do and one of the features I use for ground news
is something called the blind spot
and I use blind spot to try to show me
what's the right covering, what's the left covering
so I can determine, you know,
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So you learn for example, when you use blind spot
on the right wing, they're saying stories like this.
One year later, the Biden Trump debate
fallout coverage continues. I'm like who's talking about Biden right now? Like Biden did a great job,
he's done, and MAGAs just want to blame everything on Biden. Or there's this story right here,
killing fields. Israeli soldiers ordered to shoot unarmed Palestinians in Gaza. Basically no one on
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left and something like that should not be a partisan issue.
We should all be able to condemn killing unarmed people, children and mothers and unarmed people
in Gaza.
I think that we should all say that's not a good thing and that needs to end.
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I like how Justin Wolfers, the economist puts it, we're now in summer reruns.
Trump began his presidency by targeting Canada with tariffs, settled the spat, and now he's
recycling those threats.
What hasn't changed is that he's really threatening to tax Americans who buy from Canada. Also, the Trump regime has demanded that Congress
investigate Harvard, as Justin Wolfers points out.
Harvard is free for anyone whose family income
is below 100,000 and tuition free if it's below 200,000.
So the Trump administration is investigating it
for working to raise tuition prices
while offering selective financial aid packages to maximize profits.
In other words, if you are rich, you may have to pay more than people who are poor to get an education
because education should be open to everyone and the Trump regime takes issue with that.
One of the things that Trump posted as well is he goes,
giant win in the United States Supreme Court on the issue of nationwide injunctions
You may have heard about this ruling where the Supreme Court
Limited the ability to get nationwide injunctions in the birthright citizenship case. The Supreme Court did not say that birthright citizenship is
unconstitutional the Supreme Court said that
individuals and nonprofit groups
said that individuals and nonprofit groups, anybody other than states can't seek nationwide injunctions unless you file a class action.
So states can still get nationwide injunctions.
And when it comes to the issue of birthright citizenship, the states are the parties in
that case.
So it actually doesn't impact the birthright citizenship case at all.
And then you can just file as a class action and
amend the lawsuit.
So it's actually not going to have the devastating impact that some people have suggested.
It's still a bad ruling, but Trump goes giant when in the United States Supreme Court.
Even the birthright citizenship hoax has been indirectly hit hard.
It had to do with the babies of slaves same year, not the scamming of our immigration
process. Congratulations to Attorney General Pam Bondi, Solicitor General John Sauer, and
the entire DOJ. And again, it should be noted that during the Biden administration, Trump
and his supporters would always have these individual groups seek nationwide injunctions
to block Biden, not states, like these individual groups,
which they always supported then, and now they're trying to stop individual groups
to do that now when Trump's in office.
But as Norm Eisen points out, what I said, this is a lie as usual.
While I disagree with the decision, it leaves the injunctions of the birthright executive
order in place, just narrows them to the plaintiffs. It doesn't limit nationwide class actions
which will be filed to achieve identical outcomes. The executive order remains
unconstitutional. Here's a fact by the way that I think is not getting enough reporting and it needs to get more reporting.
The US used a total of 20% of its total
THAAD, THAAD Defense Missile Stockpile, that's it's basically, you know,
air defense missile stockpile in 11 days, costing $800 million to defend Israel from Iranian missiles.
So we spent about $1 billion and used 20% of our missile stockpile to shoot down the ballistic missiles from Iran that
taxpayers are paying for.
Think about how that money could be used for nonprofits and how that money could be used
for essential government services and for veterans.
But anyway, that's what it was used for right there.
Two other data points I think is important to point out.
They're trying to out-MAGA Trump in Florida.
So some ridiculous things we've even seen today.
Ron DeSantis went on Fox where they bragged
about the concentration camps
that he's building for migrants.
Here's what Ron DeSantis said, let's play it.
So I mean, this is gonna be,
illegals will come in, let's play it. to be a self-contained little area. And then of course you also have stuff for the staff
that work here. So we've got laundry facilities, we've got showers, we've got obviously there
you see the shower and bath facilities. Yep, right there. Yep. Where do you go to get a bunch of
bathrooms like that? Well we, so this is being done by the Division of Emergency Management.
So when we- Now you want to talk about the ultimate gaslighting, here's
MAGA Republican Congresswoman Kate Kamik, and she had a ectopic pregnancy recently.
And she was saying that she cannot be treated because of the left and
Democrats calling out the MAGA Republicans
for limiting doctors to treat ectopic pregnancy.
She goes, the doctors were so afraid to give me treatment
because of the Democrats,
not because you were one of the people who passed the law
to limit women's reproductive rights.
Here, play this clip.
Ectopic pregnancy is unviable.
In my case, I was five weeks pregnant,
there was no heartbeat, and no ectopic pregnancy is viable.
And that's so important because the mother
needs care immediately.
But unfortunately, women's health care
has been subject to the worst politic fear-mongering
that you can experience.
And so they had actually been receiving, these healthcare
providers had been receiving pro-abortion lobby ads to the tune of millions of dollars being spent
on these ads that were threatening and scaring doctors away from helping women saying that they
could lose their license, they could go to jail. In fact, in the room, I had nurses and doctors
showing me these advertisements saying that they felt uncomfortable because license, they could go to jail. In fact, in the room, I had nurses and doctors showing me these advertisements saying that
they felt uncomfortable because they didn't want to go to jail.
They wanted to help me, but they couldn't, they felt like they couldn't do anything.
So I literally was laying on the table reading them the law and it dawned on me as I was
sitting there with my husband.
This is what women are experiencing because of the fear-mongering around women's health care.
And it has to stop. The left absolutely played a role in making sure that doctors and women were scared to seek out the help that they needed.
And so I think that this is a wake-up call.
My story should really bring forward the national conversation that's long overdue about the lack of maternal health care.
And really, I think it's important that we highlight that doctors aren't to blame,
women aren't to blame. We need to get the politics out of women's health care.
Congressman, so you...
That's what's going on this morning. We'll keep you posted with more.
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