The MeidasTouch Podcast - MeidasTouch Full Podcast - 10/28/25
Episode Date: October 28, 2025On this episode of the MeidasTouch Podcast, the brothers break down Donald Trump’s disastrous trip to Asia amid the ongoing government shutdown — where protests erupted in South Korea and Trump tr...ied to distract from the crisis at home by announcing more fake “trade deals.” Meanwhile, House Speaker Mike Johnson’s lies about the shutdown hit new levels of absurdity as he claimed Democrats are somehow in charge of the government, even as millions of Americans face losing their SNAP benefits. The team also covers Canada saying it’s moving on from the United States after Trump slapped yet another retaliatory tariff on imports — and Trump’s stunning admission that he received an MRI during his secretive visit to Walter Reed Hospital. Ben, Brett, Jordy discuss all this and more! Subscribe to Meidas+ at https://meidasplus.com Get Meidas Merch: https://store.meidastouch.com Deals from our sponsors! Armra: Go to https://armra.com/MEIDAS or enter MEIDAS to get 30% off your first subscription order! One Skin: Get started today at https://OneSkin.co and receive 15% OFF using code MEIDAS #oneskinpod ZBiotics: Head to https://zbiotics.com/MEIDAS to get 15% off your first order when you use MEIDAS at checkout. Home Chef: Home Chef is offering 18 FREE Meals PLUS Free Dessert for Life and FREE Shipping on your first box! Go to https://HomeChef.com/MEIDAS 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
Transcript
Discussion (0)
We have a lot to discuss on this episode of the Midas Touch podcast.
You have Donald Trump's disaster trip to Asia.
First stop was Malaysia, then Japan.
Trump continuing to make a fool of himself and the United States.
You then have Maga Mike Johnson holding more disastrous press conferences.
And now he's saying that actually it's the Democrats who control the government, not the
Republicans that control all branches of government will show you that.
You have Trump's Treasury Secretary during Trump's trip to Asia saying that he feels the pain
of American farmers.
Secretary Scott Besson says that he's actually a soybean farmer himself, so he knows the pain
that everyday farmers are going through.
Fact check, he's not a soybean farmer.
He's basically a billionaire who owns lots of land and he collects rent from farmers.
We'll talk about that also.
We have to talk about the fact that 20 plus million Americans.
Americans about to lose their health care, 42 million Americans about to lose supplemental
nutrition assistance program benefits.
The food bank lines we're seeing throughout the country are very reminiscent of COVID, if not
worse, at this point.
And Jordy, I'll have to show this one to you, Senator Gallego of Arizona going on your show,
a squack box with Joe Kiernan.
Oh, no.
Showing what a forceful offense looks like against Joe Kiernan's MAGA talking points.
Oh, what I also want to show is a hearing that no one's really been talking about,
which was the confirmation hearing of the ambassador to South Africa,
who basically said that we should employ discriminatory tactics here in the United States
to be okay with black people not voting.
I'll show you that.
Just one of these things that in a Trump news cycle doesn't get enough tension.
That and more on the Midashton.
podcast. Brett and Jordie, how are you doing brothers? Doing well. I have in disbelief every time
you give these intros, which is what we're going to be talking about. And when I saw the clips that
we're going to be speaking about today, I was like, this is Prime Jordie Rage Bay. We're talking
Squawk Box. We're talking Joe Kernan being a douche on the air. This is going to get Jordie
riled up. I mean, come on. Looking forward to the show, guys. I know we got a lot to speak about,
a lot to a lot to discuss today. I want to give a huge shout out to everybody watching,
everybody listening. And for those watching, remember to listen on the audio podcast as well.
and Apple Podcasts, Spotify, for those listening.
Remember to check out our YouTube channel.
We've got new videos all day, reports all throughout the day.
Ben, keeping you and our incredible contributors,
keeping you up to speed on everything that's going on.
Jordy, what's the latest?
I'm excited to get into today's show, everybody.
What's going on?
And I feel like I was ahead of the curb on the Kern and stuff.
I'm glad this is now becoming more mainstream
and we get to talk about it more in the pod
without me, little brother, getting made fun of.
So, Benji, where do we want to start off today?
Let's actually start off with the clip
that you probably haven't seen on any other news network, because at any normal times, this
clip would get significant attention, but in a media cycle where Donald Trump is tearing
down the east wing, or he's torn down the east wing of the Oval Office, as he's giving
$40 billion bailouts to Argentina, as we're in a government shutdown that will almost certainly
be the longest in the history of the United States. And I don't foresee how this government
shutdown is going to end certainly before the end of the year. But I think it's,
may even go until the midterms. Just watch this clip as Donald Trump's pick to become the United
States ambassador to South Africa is cross-examined by Democratic Senator Murphy. And again,
this is a clip that really gets no attention elsewhere. But these are the types of people every
day that are being nominated by Donald Trump. This is just a kind of a random moment, but I think
an important one, which shows you in any other normal time, this would be highlighted here,
playing this clip. Do you support having a refugee admissions policy in this country that only
admits white refugees? Senator, I don't make that policy. Well, but it's really important,
but I think this is a, I, if I were to ask this question of virtually any nominee to be an
ambassador prior to this panel, that would be an easy layup answer. No, of course, of course,
of course we don't support having a refugee policy where we only admit white people so why can't
you give me your personal view on that because senator i am here to serve america and to do
what the president is asking me to do i'll be following the executive order of february
would you would you support reinstituting laws in this country to only allow white people to
vote. Senator, I'm going to serve as ambassadors South Africa, and I'm going to focus on that.
You will not share your personal views on whether it is right or wrong to reinstitute
discriminatory policies in this country to prevent black people from voting?
Senator, my personal views are irrelevant. So that's basically how these confirmation
hearings are going. And again, just think about that moment. We're going to talk about most
much more brett let me just pass it to you there because again that's something that did you see
reported anywhere else other than on the midas touch network i haven't this the first time if i'm being
totally honest the first time i've seen that clip period i mean that's absolutely insane i to pick
my job off the floor i figure i maybe i shouldn't have to because i i should expect the worst but it's
like where the hell do they find these people how can you not answer such a simple question but it
really is indicative of the kinds of people that donald trump and this regime are putting in the
government that are bringing to all these various countries that are representing the United
States right now. And it's something that I think most of the American people really don't
understand what is going on. They really don't see what's happening, you know, beneath the hood
of the Trump administration, so to speak. They obviously see, you know, the things that are
being talked about in a big way and rightfully so, like the destruction of the ballroom and all
these, I mean, the destruction of the East Wing of the White House for the ballroom and all these
other various things. But there are so many things happening on a daily basis that simply
aren't getting the attention that they deserve, and I hope people start to wake up to this
and that, you know, folks out there start sharing, you know, moments like that.
And it's why I wanted to cover that one at the outset. Now, while the Trump regime has apparently
found $40 billion to give Argentina and interfere with that election to successfully prop up
Javier Malay in the elections that just took place, as we've apparently found, what, close to
$200 billion or more to fund ICEA.
agents engaging in chemical warfare against Americans in the streets of major cities and small
cities across this country, but particularly what they focus on blue states and blue cities.
Apparently, the Trump regime can't find any way at all to access the emergency funds,
which are there for the supplemental nutrition assistance program.
That's where Maga Mike's like, you know, we just can't figure out a solution here.
You know, it's actually very complicated the way the appropriations,
process works. And if we take from here, we're going to have to remove from over here. So there's
really nothing we can do. Watch as Magamike, who has never taken any nuanced view like this when
it's come to Donald Trump's destruction of our country or Donald Trump bailing out Argentina or
whatever. Here it is when it comes to a program that 42 million Americans rely on. He goes,
we just can't figure it out. Here play this clip. And the snap benefits is a unique situation. I got
a summary of the whole legal analysis, and it certainly looks legitimate to me. The contingency
funds are not legally available to cover the benefits right now. The reason is because it's a finite
source of funds. It was appropriated by Congress, and if they transfer funds from these other
sources, it pulls it away immediately from school mills and infant formula. So it's a trade-off.
There has to be a pre-existing appropriation for the contingency fund to be used.
And Democrats block that appropriation when they rejected the clean continuum resolution.
Can you just fund people's health care and fund people's supplemental nutrition assistance
program so Americans aren't starving to death?
I mean, just think about the priorities that we're seeing, folks.
You have Donald Trump providing all of these tax shelters and benefits to people buying
private jets, right?
There's a boom in private and private jets because it's like 100%.
deductible on taxes. So all these corporations are buying private jets. But 42 million Americans
are potentially going to starve to death or not going to be able to buy their food right now.
Just think of when it comes to priorities. Then what about health care, Maga Mike? What is your
plan? Because as I see it, there's different buckets here. We could have universal health care
for free. The government pays for it fully. We tax the rich more. I support that plan. You have
the Affordable Care Act, which is not quite universal health care, but you bring in the
subsidies, which we have now. It at least makes it somewhat affordable, but I'd like to see it
made more affordable as I think most Americans would like to see it. But we need those subsidies.
Otherwise, we're going to see what we're seeing now, which is people's premiums being raised
by $20,000 to $25,000 a month, essentially. I mean, $25,000 a year at this point, $2,000, $3,000 a month
increases. Or you go back to where we were before Obamacare, which was 20 million Americans plus
being uninsured, potentially dying because they don't have insurance, emergency rooms being
used as primary care, discrimination of pre-existing conditions. So Maga Mike, is that what you want?
Tell us what your plan is. Here, play this clip. But we know we're going to have to arm wrestle with
Democrats over that. Why? Because many of them are avowed to get us to assess.
single-payer system. They do love socialism. My friends, they love Mondami. He wants government
to take over everything. They're on board with that program. They think the government can do a
better job by taking over health care. We believe in the private sector and the free market
and individual providers, their acumen. And we need, we say that if you take the government off
their backs and allow for real competition again in health care, you will improve its quality and
you will bring down its cost. By the way, this is the Trump regime that's having the government
take over portions of intel. This is.
the government that has expressed that it will be taking over more corporations, that if you want to
give confidential and proprietary information to China, that's fine. All you got to do is you just
got to pay a little fee for that. You got to pay a little quid pro quo to Donald Trump. And then so
Maga Mike's also then asked, well, why not just bring back the MAGA Republican Congress members to D.C.?
Like, isn't it a bad look that during the shutdown that they're not even in Washington, D.C.,
and they're like getting paid for vacation at this point, that what is it?
Like over the past 90-plus days, there's only been 12 days of actual work in Congress because they adjourned for the summer because they wanted to hide the Epstein files.
And then they're shutting down the government right now and further not showing up, at least in the Senate, you know, the Republicans, I guess, are there.
I guess that's slightly better than not being there.
Like, they show up to the Capitol.
But the House, they're not even there.
So here's what Mag and Mike says when he's asked about that.
Let's play.
I don't do that.
I don't have members back home in their guest.
Why not bring them back and do what would they were elected to do?
Yeah.
So we're evaluating this day by day.
The House did its work.
I've said it over and over and over.
And the most important thing is to get the government open.
It's the number one priority and number one responsibility of Congress.
And the Senate Democrats have chosen not to do it.
We think that is paramount and a paramount importance to everything else.
There is plenty of time in the remainder of the calendar year to do all the things that are the must-pass pieces of legislation and all the negotiations that I referenced earlier today.
And we are anxious to get everybody back to regular legislative session.
But there cannot be a regular legislative session so long as the government is closed and Americans are feeling so much pain.
We won't do that.
Now, in the meantime, Republicans, I don't know what the Democrats are doing other than publicity stunts,
But I can tell you, the House Republicans, they're doing some of the most meaningful work of their careers.
They're in their districts working around the clock.
We're at their constituents, helping them not only to negotiate the crisis, this has been created by this Democrat shutdown.
So they're negotiating with their constituents?
I don't even know what that means.
The MAGA Republicans are in their districts negotiating with their constituents as they rip away the health care of their constituents.
Just extend the Affordable Care Act subsidies so that people's health care costs don't go up,
$24,000 a year. Like, it's a pretty basic one. Once you do that, then we can figure out if you've
got other plans, which Trump could have introduced during his first term, which you could
have introduced in his first nine months of this term. Introduce your plan. Show it to the American
people. Provide the details about how this is going to make prices more affordable. You can't just
say, oh, I'm going to reduce the prices by 1,600 percent or 1700 percent. That's not a real
number. That's not a real plan. You can show that there's technology from outer
space called medbeds and that that's going to cure everybody's cancer. And it's like a super secret
MRI machine. I know Donald Trump knows a lot about MRI machines. He was talking about that on
the flight to Japan, but that it cures all diseases. That's not a real plan. So we need, we need real
plans. Then Maga Mike Johnson says, you know, the thing is, Republicans aren't even in charge of the
government right now. The Democrats are. Here, play this clip. The Democrats are required to open the
government. They keep saying Republicans are in charge of government. We aren't, not in the Senate.
Sixty votes control the Senate, not a bare majority. And so point number one, Democrat votes are
required. Let me bring in Brett again and Jordy. I bring you through all of those clips to show
you the evolving permutations. And it went from a few weeks back blaming transgender people and
immigrants. And now it's kind of just like, show up and sign it, damn it. You're the ones who
actually control government.
Seems like so long ago when they tried to act like this was about transgender people
and illegal immigrants, right?
It seems like a very long time ago.
But they remember, that's how this all started.
And they really, they got called out on that.
It was clearly BS, clearly a complete and total lie.
And now they don't know what to do.
So, like, you see Mike Johnson coming out there every single day to the lectern,
telling some of the most blatantly obvious lies on the planet.
And then he's like, okay, good for the day.
All right, I did my part.
I lied for Donald Trump.
I'll just go back to screwing over the American people, the heartlessness that you have to have
in order to do that every day. And just like the total lack of morals that he cloaks in this faux
Christianity, he wraps himself in and this faux patriotism that he wraps himself in. I just find
it so incredibly gross to see him go out there and just lie to the American people like that
as he's screwing them over. I mean, to say that the Democrats are in charge of the government here
and all the stuff that he says about health care, there's a reason why the Republicans don't go out
and say what their health care plan would be because we know what their health care plan
would be. First, we know they don't have an actual plan to make things better than it is right now.
We know that what they want to do is they want to strip away all the protections that were put in place by the
Affordable Care Act, protections that have kept people alive, protections that have allowed people with pre-existing
conditions to get coverage, protections that have allowed people to actually not die.
They want to go back to a system where it's every man and woman for themselves and where people could just die and be refused coverage for any reason whatsoever.
and that's not something the American people want. I don't think the American people are too fond of
these health insurance companies, if I'm being honest, and the biggest defenders of these health
insurance companies are these Republicans who are in power. And we're just seeing the games that
are being played right now. And it seems very clear that they have no intention of trying to work
with Democrats to open up the government. They have no intention of negotiating, of trying to do anything
that's actually in the interest of the people right now. They just want to try to play this blame game
and hope that it helps their poll numbers down the road.
But the fact is, there are lives that are on the line right now.
You mentioned in the beginning, Ben, those food lines.
And I think it's very telling that when's the last time we had food lines like we're seeing right now?
Donald Trump's previous administration.
You could blame it on COVID then.
You can't blame it on COVID right now.
That's an image that we see when Republicans are in charge of our government that we don't see at any other times.
And I think the American people need to understand that fact of why we are seeing these images of working people having to show up at the food lines.
why we are seeing these federal workers who give their heart and soul to make our government
operate and aren't political in nature, why they are having to go to food banks and having to
actually do that in order to feed their families.
At the same time, while we see Ben, as you brought up earlier, that side-by-side of rich people
stocking up on their private jets, getting Christy Gnome, a hundreds, millions of dollars
worth of private jets for her to use personally and all these various things.
bailouts in Argentina, all the stuff our government is doing while the American people suffer.
I think it really paints a picture that I think a lot of people are seeing right now,
which is why Trump's approval rating is hovering at like 37%.
Well, said B. Look, if you act like a duck and you quack like a duck, you're a duck.
If you do things that hurt America, if you do things that hurt Americans, I'm only left with
one conclusion, you hate America and you hate the American people.
You don't work for the American people.
You work for one person and his name is Donald Trump talking to the MAGA Republicans here.
Literally, this is literally why I say that they hate America is because Ben, beautifully said earlier,
snap lapsing for 42 million Americans.
They're just going to let it happen.
They don't care.
And what do they do?
They point to the Democrats and say, the Democrats are actually in charge.
Republicans, y'all control every branch of government, man.
It's really so frustrating when you see MAGA Mike Johnson up there.
you know, just parroting these talking points with very minimal pushback, too, I have to say,
not to make this a whole corporate media thing, but just to be like, hey, you're just going to
let him say this stuff when the facts actually are not on his side. And this is also what I mean
when I say that the Republican Party is not pro-life. No, they're pro-force birth because once again,
they're letting the American people suffer based off their allegiance to Donnie. It's insane to see
it play out, Ben?
And here's ultimately what Trump and Bessent are focused on manipulating the stock
market.
So the stock market continues to rise and they're rich friends and make a lot of money while
on Main Street, while real Americans are the ones who are suffering.
So this whole trip to Asia that Donald Trump is taking is part of the pump and dump.
And what they just hope happens is that the pump occurs just under Trump and then they dump
on who's ever going to be taking over in the future of our country.
I mean, when I heard that Donald Trump and China over the weekend reached a framework of a trade deal,
I said, didn't they do that last month?
And didn't they do that two months before that?
And didn't they do that four months before that?
I recall that I was in Manhattan sometime in May with my brothers when we were going to the Webby Awards.
I remember it very vividly that there was this big announcement,
The trade framework was announced.
The Trump regime tried to frame it as a trade deal.
And at that time, I called it out.
I said, fake deal.
It's non-binding.
It's not a real thing.
It's like a consensus.
But what happened?
The stock market exploded on that news, right?
Then it went, you know, down a little, up a little bit.
Then in June, the Trump regime announces, they've done a framework with China.
And I was like, but didn't you just announce that?
You're now doing it again.
And basically, every two months.
months, the Trump regime announces a trade framework with China. Then there's a fight. Then there's a
framework. Then there's a fight. Then there's a framework. And the stock market continues to go up and then
it'll have a day where it goes down. But then it goes up. This is great news. We have a framework with
China. And meanwhile, when you actually analyze like, well, what's this framework about the key
issues, the same way when we talk about how flawed the deal is, you know, in the Middle East, which the
key issue would be, is there a two state solution or not a two state solution right in the
Middle East? That's the key question. How do you not address that issue in a peace deal when that's
the reason why there haven't been deals before? That's why it's not a peace deal, but it's a ceasefire.
Over here, the main issues of China's control of rare earths and the ability of China just to
issue restrictions on rare earth minerals being exported and how these price controls and other controls
can crash markets, that's not being addressed.
So all this is is window dressing and not actually a deal.
It's just basically saying, you know, Trump gets angry, he raises the tariffs, then he brings
the tariffs back down, but not the systemic issue about where the tension is with China
in the first place, which is their overall control over the rare earth minerals market
and how they can use that to harm our economy and harm other economies when we don't
exert leverage. I want to talk about that and more. Then we'll talk about this trip to Asia,
what's really going on. I want to contrast Trump to Prime Minister Carney's appearance, because
you really see a big difference of the U.S. approach and the Canadian approach. But I want to take
our first quick break of the show. I want to remind everybody, though, if you can, subscribe right
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all right let's take our first quick break of the show brett and jordy i know you're anxious to respond
to the kind of fake deals that keep being announced over and over i see your faces there let's take
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Brett, I know you want to respond to the fake deals and the Ponzi scheme economy. Bernie
Madoff's Ponzi scheme was $65 billion. Trump's is $20 trillion, which we'll talk about
in a bit how he makes up that we brought in $20 trillion of investment when the number is an
entirely false and fabricated number. But we keep seeing what he does with the market. China's a prime
example, but he's done that with every single country. We have zero trade deals in 90 days.
We have six fake deals or seven fake deals in 90 days. And what I mean by that is they're non-binding,
they're not actually signed. And trade deals are detailed documents, often a thousand pages in
length, and they are free trade agreements often that deal with a comprehensive trading relationship
between trading partners and that's not what these are these are press releases that donald
trump issues and then if he wakes up and doesn't like an advertisement that's being run by a country
even if it's just from a province the way ontario ran an ad in the united states he goes oh okay
it's 10% more now on canada i'm raising the tariffs so these are not deals even the six
and are the seven and i think that our media calls them trade deals and i'm like they're not deals and
there were zero deals in 90 days, but seven fake deals in that amount of time.
It's all a Ponzi scheme.
The whole thing is a Ponzi scheme.
And it's so obvious that when you look at the job numbers, when you look at GDP growth, what job
numbers?
Three months ago.
Yeah, job numbers.
They're no longer releasing the inflation data that they're no longer releasing.
I mean, the scam is staring us in the face people.
Like, it's just absolutely crazy.
And the thing that really, you know, 90 deals in 90 days.
Everybody remember that? That's the new 15 days to stop the spread. Remember that from the first Trump administration? All lies, all a scam. And I think one of the issues that we're running into with the Trump administration, and I think what Trump is in tune with is the fact that there are no consequences for his actions here. In fact, the opposite, he himself and his rich cronies are benefiting from his own actions. So what I try to do whenever I'm analyzing anybody, whenever I'm trying to analyze a situation and figure out what's going to happen.
and what is somebody's behavior going to be like.
I try to look at what are the things that are motivating them.
And what are the consequences, right?
What are the things that, what are the consequences of their actions here?
And what we're seeing here in the case of Donald Trump is that every time he
announces these trade deals or trade frameworks and says that he's come up with a trade deal,
even though it's BS, the market spikes, right?
You have to look at incentive structures.
And so if Donald Trump realizes, you know what,
it's actually better if I don't do any deals.
I can't do any deals.
But what I've learned is I can manipulate the media and I can manipulate the markets.
And if I say that we have a trade framework or if we have the scaffolding of a deal,
a concept of a plan and the market goes up, great.
And when I want to manipulate the markets even more, all I got to do is send out a post
on my truth social account and I got to say, China, you've been bad, China.
I'm going to punish you some more.
then the markets go down.
And if you think that there aren't people
who Donald Trump knows personally
that are not benefiting on these market swings
every single time it happens
and I don't know what to tell you.
There are people getting extremely rich right now
off this market when it swings in both directions
and Donald Trump knows damn well
that he can manipulate these markets
quite literally with a tweet.
And so that is a dangerous power
for somebody like that to have.
And in my opinion, the incentive structure
is not for him to solve any of these issues at all.
it's for them to prolong it's for him to prolong these issues and then make up these fake deals these fake
patches for these issues which then swing the market back and forth in various ways as him and his
rich cronies get richer and richer that's the scam that we see playing out all this while the food
lines extend while people are while people are suffering out there while people can't get their health care
the richest in this country right now are living it up they are having the time of their lives
under this trump regime and that's why they are doing everything in their
power to protect him.
You guys both nailed that.
So there's no data to inform the economy or anything like that because of the government shut down, right?
And so Donald Trump now gets to manipulate the markets with the swing of a tweet with a press
release that the media is just so eager to chomp at and take at face value.
Oh, look, he's reached another deal.
What a genius he is.
And I wouldn't say, I would say in many cases he doesn't even have to quote unquote
manipulate the media there, Brett, when so many are willing participants, CNBC.
I mean, they love parroting these walking points.
And to your point, why, Brett and Ben?
Because you can't tell me the hosts of the world that we see on CNBC.
They're not the top 1% of America.
They are.
They are.
And so they love this.
They're in on the con.
They are in on the game.
And they chomp at the bit to put this stuff out there and seat it to the world because it benefits them.
It makes me so angry because all of this is, again, at the expense of the American
people. People who are really struggling out there who don't own stock, who don't want to play
this market manipulation game, who just want to be able to feed their damn families. And then
you have Mike Johnson up there just parroting these Trump talking. I mean, Mike Johnson's a total
big puppet man. He is. He's a total complete puppet up there because really what it comes down to
is Donald Trump, he has all of the control there. And to see this, it's just, it's so.
And Jay, even Trump admitted that the other day. You know, there was like an interview comments
from Trump the other day where he was like, yeah, Mike John.
is my puppet. Like he'll do whatever I can. Like Mike Johnson, totally cucked, Mike Johnson.
And so, and by the way, so this is, I don't think we're going to get into the banning clip on
this show, but like Steve Bannon over the weekend or a couple days back at this point had said
something like Donald Trump is ready to run for that third term and we're going to figure out how
to do it. I'm paraphrasing, but that is what he said. It was pretty blunt and direct just like
that. And so what what I see Trump doing here with Mike Johnson is sort of testing the waters.
hey how can i can i can i can i can i be de facto speaker of the house here let me see let me see how
far i could push my limits here he is though right he is and i don't think he asked to test
the waters because i think this house of representatives and i think this uh vice president who we have
like if what happened in 2020 if january 6th happened today you could be damn sure that jd vans
would not do the right thing like mike pence did jd vans would come up with some smarmy excuse
and be like okay liberal so you're telling me that he can't serve a third term because oh okay buddy like
he'll come up with some of his woman in his smarmy responses.
Mike Johnson will be like, well, you know, guys, actually, this is what the people want.
And, you know, my religion tells me that, you know, they could come up with an excuse for anything and they will.
I don't even think Donald Trump needs to test the waters on it.
And I think Donald Trump likes, first I think he likes the chaos he causes when he speaks about, you know, all the third term stuff.
But I do think that, you know, if given the opportunity, he would absolutely take it and absolutely
try to do it. I mean, we're dealing with a guy who does not give a damn about the rule of law,
does not give a damn about the Constitution and a party who's inclined to protect him every step of
the way. They're not even dropping breadcrumbs. They're dropping entire loaves of bread that Trump
plans on doing this. When he met with Jeffries and Schumer, for example, I mean, there was no
cameras there, right? But what was the big thing that he was handing out Trump 2028 hats in that meeting?
And so we have to really be prepared here to see just how far he's going to test this thing.
I don't know how we ended up here from the economy and CNBC conversation,
but it is scary.
It's scary and it's upsetting to see macro of just, you know,
just how much power the Republican Party is willing to concede to this man.
Well, and I think as you bring up Maga Mike Johnson,
the power to tariff is the power to tax,
and that resides with Article 1, which is Congress.
And the fact that Congress right now under Maga Mike Johnson has a
allowed Donald Trump to unilaterally engage in a trade war against the world, allows Donald Trump
to wake up and say, I don't like an ad that the province of Ontario is running in the United
States that directly quotes from Ronald Reagan. And Trump says it's clearly AI when it's not
AI. It's Ronald Reagan's speech. It's a shorter version of the speech because ads can't run for five
minutes, that would be like a show, but it's Ronald Reagan's voice. If you just get to wake up
angry and say a 10% tax on the American people, which is what a tariff is, which is one of the
reasons we're seeing inflation rising, and then not only do the Republicans in the House say,
whoa, that's our job. We are a co-equal branch and we should do something. But they then go,
actually, the foreign countries are eating it. Actually, there is no inflation. We're in a
golden age, all Americans are prospering, promises kept. And it's like, nah, you Americans are
suffering right now. Right there in lies a massive, massive problem. And not constitutional
crisis. We're past the crisis part. We are in the authoritarian regime. And the question is,
is how does the opposition and resistance respond to that with moral authority, with formal
authority, like we're seeing with Prop 50? And you see Democrats in Virginia now finding a potential
loophole there to call a special session because the MAGA Republican Governor Glenn
Yonkin forgot to adjourn a special session back in 2024. So Democrats there are trying to figure
out, can we get three additional seats out of Virginia? You have Democratic leader, Hakeem
Jeffries, going to Illinois to figure out if there's a way to get a seat there. You have Democrats
in Maryland trying to see if they can respond to what is the new ball game, which is this free-for-all,
caused by Maga Republicans, which is the same way on the global side, the rules-based order
that existed is gone. The rules-based constitutional system in the United States is gone because
of Donald Trump. And that's a big problem for people who like structure and rules and laws
and constitution and following the constitution. Let's go to talk about Trump's trip to Asia,
which is where we started. Just think
about this. I want to show the contrast of Trump versus Cardi. So here you have Donald Trump on this
trip whining in Malaysia about the escalator not working at the United Nations and the teleprompter
not working, which was caused by his own people, but he's still whining about this. Months later,
here to play this clip. I won't forget that day because it was one of the first wars that I got
involved in. And I love doing it. I love, it's like, I shouldn't say it's a hobby because it's
so much more serious than a hobby, but it's something that I'm good at, and it's something I love
to do. The United Nations should be doing this, but they don't do it. They don't do it. They turned
off my teleprompter when I made a speech. I had to make a speech without a teleprompter. They're good
at that. The escalator wasn't working too well. It came to a complete halt. But still whining about
the escalator and the teleprompter. Dude, just grow up and get over it and talk about real things.
Prime Minister Carney very specifically going through the trading relationships with ASEAN,
the Southern Asian countries and what they were specifically doing and how they were focused
on broadening these deals.
Here was Trump lying, though, and saying that he's brought in $20 trillion.
And it's like, you're not fooling anybody.
I mean, all the other countries are there.
They know they're not giving you that money.
I just, I understand this is for his own ego, but it's like, you're speaking.
Speaking to the group of people who you claim gave you the money and they know they didn't give you the money,
so they know all they have to do is just allow you to fake it while they are pursuing changes in the previous rules-based global world order that existed where the United States was once the leader.
Here, play this globe.
Critical minerals and other industries, the United States is having its golden age.
last year we were a country that was doing very poorly under a different semi-leadership i don't even
go out of leadership but this year we're doing numbers that nobody ever thought it was possible
for any country to do will be at the end of my first year over 20 trillion dollars worth of
investment into the united states there's no country anywhere that's ever done anything close to
that the united states last year yeah because it's not true and also he thinks he
thinks that's strength, where it's weakness masquerading as strength. And I don't, and people
see the masquerade, like, they see it. Because when you trash the prior administration,
you're trashing in general the continuity of American leadership, right? You don't see other
foreign leaders ever going on stage. And by the way, even like where there are like coups,
like even when there are dictators up there, they're not spending their time.
focusing on trashing prior administrations or what existed before because the rest of the world
leaders that are there are focused on what can you do now and what could happen in the future.
So it's actually a very, it's a very weak thing that causes a massive amount of damage
at the end of the day.
I think it goes back to what I was saying before too about like these incentives
that that are there and what Trump realizes he could say this, he could lie and he doesn't
really fundamentally get much pushback other than like here at the Midas Touch Network
when he makes up these various numbers. And I think Trump operates the country very much like somebody
looking for that sugar high. You know, like he's always trying to go, okay, how could I kind of
manipulate the market in this moment? How could I try to get, you know, win this sliver of the news
cycle? How could I try to get this point out there without realizing that the damage that he's
doing by get, you know, ingesting all that sugar all the time, by pushing all that sugar at the
the American people, which is actually corrosive and destructive to the United States of America
long term, as you said, Ben, like he has totally made the United States of America look foolish
on the global stage. He has turned us into, you know, you could see all these various countries
that you now view our biggest allies in the past, now view the United States as like the single
most unreliable ally. And now, in fact, you are seeing countries that would ordinarily do business
with us going to this event out there. And they're looking for partnerships with Asian.
nations. They're looking for partnerships with nations who they would never normally have
such big trade agreements with and big relationships with because they know that they cannot trust
the United States. And as an American, that's a really sad place for us to be in here, to be a
country that's looked so down upon by the world when you see Canadian leaders like Mark Carney
and when you see other leaders being like, all right, you don't, you're upset about a commercial,
you're going to raise, hey, you're going to, this is what you're going to do. We're just going to
find other friends, okay? Like, we're going to go to this other place. We don't need you guys.
And so we're just going to bounce, all right?
Well, good luck.
We'll see you later.
That's why I talk about when he's just such a global embarrassment as president.
It's the lasting impact of what this is going to do on this country as far as, like,
can people trust our leadership going forward?
I spoke last episode about like the prestige around the office and what that used to mean.
And Brett, you gave the great analogy.
When you were growing up, folks were like, hey, when you grew up, you could be anything
you want in this world.
You know, you work hard.
You go to school.
You be a good person.
You one day could be president of the United States.
States of America. I look at that and I hear that now. I'm like, that I could be that. That's the
silly position. It's an unsurious position. And it's frankly, like, I'm upset that I even have to
say that because it is a very serious position, as we all know. But what Donald Trump has made
that office into and the entire cabinet and this entire MAGA regime has done is irreparable
harm to the status of that once, you know, very powerful and prestigious office.
I want to contrast Donald Trump's rantings and ravings in Malaysia and on the plane heading
to Japan to Prime Minister Carney and read exactly what you said, Prime Minister Carney saying,
you know, the rules-based order that used to exist is no longer here.
Sure, there will still be trading with the United States where they're neighbor, but we can't
be reliant on that.
What used to be our strength, the interconnectedness, is now a weakness.
So we need to look elsewhere, which is what we're doing right now.
And so fundamentally, the global order is shifting.
And what Trump hands on or hands off to the future is going to be a much weaker, much more isolated, long-term proposition for what the United States once was.
We'll talk about that and more.
We'll take our last quick break of the show.
A reminder, make sure you subscribe to the YouTube channel.
And if you could become a paid member, that would be great.
and gift paid memberships to others by clicking the join button so others can access the exclusive
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We'll be back home stretch.
Let's contrast Prime Minister Carney to Donald Trump.
We'll talk about Trump talking about getting an MRI, which we knew with advanced imaging.
That's what I've been calling out.
I said he clearly had an MRI.
We'll talk about that and more.
Last quick break of the show.
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Let's go. Shout out to our sponsors. Links in description of both the YouTube and the audio,
click the links, use the codes. If there's an exit survey, let them know we sent you real quick.
I saw a comment the other day was like, hey, I miss when Jordy says shout out to our sponsors.
real comment. And so to that commenter, one, I've read your comment. And two, I'm going to bring
that back to the pod now because I didn't know you liked it. So I'll bring it back. Pengey.
For the people who say we don't read the comments. I read everything. I read everything.
I don't know how good that is for my mental health, but I read everything.
We see what you're saying right now. Careful out there. I want to show the contrast between Trump
and Carney right now and it cannot be more stark. I mean, you've got Donald Trump a lifelong fraud
a bankrupt or sexual abuser. He's a felon. You contrast that with Prime Minister Carney, someone
who led the Bank of Canada during the Great Recession, who led the Bank of England during Brexit,
somebody who's just been one of the most brilliant economists, if not the most brilliant economist
in the world, especially right now for sure, leading Canada very strategically and methodically.
So on the one hand, you have Donald Trump talking about that he got an MRI done and his last doctor's visit on October 10th.
And it was the best MRI anybody's ever had, the greatest MRI ever.
It was a perfect, a perfect MRI, which he says, very normal getting MRIs all the time like this.
Okay, here we'll play this clip.
Do you read out from Walter Reed mentioned advanced medical imaging?
Did you get an MRI?
Can you tell us what that was?
I did, I got an MRI.
It was perfect, yeah.
I mean, I gave you, I gave you the full results.
We had an MRI and the machine, you know, the whole thing.
And it was perfect, yeah.
You know, the machine, the whole thing, it was perfect.
The best MRI, perfect MRI, the best MRI anyone's ever seen.
Incredible.
Ben, we were talking about it.
The crazy thing is like, I remember you're reporting very clearly from this time where you
read through that ridiculous doctor's note that they had given after he did this.
By the way, this follow-up appointment.
And if you remember, they lied about this appointment.
And they're like, oh, he's Donald Trump's just going to his annual checkup at Walter Reed Medical.
And we're like, annual checkup.
He had an annual checkup like three months ago.
In April, you don't have annual checkups every few months.
He's probably going for a follow-up.
Like, it must be a follow-up appointment for something.
And then pretty quickly, we were like, well, what are the things that they cannot do at the White House that they can only do in these facilities?
One of the things are MRIs.
And so you suggested reading through the language that they put and they put it in kind of, you know, different terms.
that I think Donald Trump got an MRI for something,
which isn't exactly a normal thing that you just do.
And I think it's interesting now, you know, a few weeks later,
he himself is confirming that he did this MRI.
And just all day on this flight, he just kept going back to these tests
for cognitive abilities, which are designed to test if you're
experiencing symptoms of dementia.
And he kept going back to those dementia tests over and over and over again,
clearly thinking about his cognitive abilities,
and the exams that he had to undergo in this follow-up appointment that Walter Reed,
I think it's very revealing the fact that he's bringing this up
and the fact that he had these checkups at the hospital.
I think it's very revealing for many reasons,
but the main reason for me is he wouldn't confirm something like this
and say it so specifically, the way he phrased it,
if not for the fact that he is likely going to be getting more of these
and making more trips there.
So that's, I'm speculating there, but I think, you know, with reasonable thoughts, you can come to that same conclusion there.
And also, again, taking us back to where we just left off before we cut to commercial.
I got the best MRI, the greatest, I did the greatest MRI.
What are we doing here?
Like, what are we doing here, folks?
And he says that he took another cognitive, to Brett's point, another cognitive exam.
He said back in April, he took a cognitive exam at that time.
Now he takes another cognitive exam.
And he's apparently taking this cognitive exam all the time.
Yeah, this is not an example taking these exams so often.
You'll take these exams, like all, why you keep taking cognitive exams?
Like you wake up, you brush your teeth,
hour, you take a cognitive exam, you have your breakfast.
That's just, it seems to be his daily routine.
He thinks that cognitive exams also, he thinks they are IQ tests.
Like, if you listen to the way he speaks about them,
they are IQ, I'm serious, listen to the way he talks.
And he's like, he's like, I aced it.
it and it's actually, you know, they say it's a cognitive exam, but actually it measures much
more than that. An AOC wouldn't be able to pass this. I mean, listen to what he said here. Watch
this. They have Jasmine Crockett, a low IQ person. They have AOC's low IQ. You give her an IQ test.
Have her passed like the exams that I decided to take when I was at Walter Reed. I took,
it was a very hard, they're really aptitude tests, I guess, in a certain way, but they're kind
cognitive tests. Let AOZ go against Trump. Let Jasmine go against Trump. I don't think,
Jasmine, the first couple of questions are easy, a tiger, an elephant, and giraffe, you know,
when you get up to about five or six, and then when you get up to 10 and 20 and 25, they're not hard.
They're not supposed to be apt, they're not aptitude tests. They're not IQ tests. They're not
supposed to be particularly challenging. They're supposed to really like measure if you have like
sentient life. He thinks he's taking the SATs. You're going out there taking the SATs. I like when
he names the animals, a giraffe, a lion, an elephant. They started easy when they make you identify
that elephant. But then they throw some numbers in there and they go, what's through the line? And sometimes I
can't tell if the lion is actually a giraffe. It's a confusing one. Is that lion truly a lion or is it a
jaguar like these this gets really intense right here contrast that to prime minister carney just
just play anyone i think the first is just to get across the scale of ambition in canada right
now we intend over the course i can the course of food security we mentioned food security
can cites is your one-stop shop for food security with nutrient globally and that's actually
not an exaggeration it happens to be true there you go first boast of the evening
secondly it's enormous enormous food suit I'm just I'm just warming up for my
American level of boasting we we are going to double our non-U.S. exports over
the course the next 10 years we think we can do it a much shorter period of time
that's 300 billion of additional exports most of that is going to come from
Asia in our view and I'm going to adjust
that in a second but on top of this and I just underscore this because this is a
two-way relationship our expectation coming out of the budget is that we will
we're laying out a path for at least half a trillion dollars of additional
investment in Canada in the next five years additional not total additional so
and that's US so these are orders of magnitude that start to be start to be
relevant areas both in terms of the two-way trade and in the domestic investment
And we're basically going to build out the infrastructure to help drive energy, energy corridors,
both clean and conventional, trade corridors, Newport infrastructure and others.
But from LNG where we're putting ourselves on a path to at least 50 million tons by the end of this decade,
but double that by 2040, potentially more, is easily done.
Remember when we used to have former President Barack Obama represent the country and speak like that?
and the world stage like do you remember that like i wanted to show that clip to you and
there's so many more clips of prime minister car here's the here's the problem then i have no idea
his thoughts on escalators don't know is he taking a cognitive exam has he taken into dementia test
does he even know is so like i you know i i just i just don't know i don't know either here's
treasury secretary scott besant while in asia saying that he's a soybean farmer let's play this clip
I did mean the second term. I know they have met before.
The president has also said he does want our farmers to be taken care of.
You did mention that China has been boycotting American soybeans,
and American farmers have really suffered.
Do you see a real light at the end of the tunnel there?
They may allow soybeans again?
Well, Martha, in case you don't know it, I'm actually a soybean farmer,
so I have felt this pain, too.
There are a couple of things happening here.
One, the Chinese have substantially dropped their purchases to almost zero.
So they unfortunately have been using American farmers who are amongst President Trump's
biggest supporters.
He's a soybean farmer because he's a billionaire, almost a billionaire.
I'm sure he'll be a billionaire very soon under the Trump regime while Americans are suffering.
And he owns thousands of acres in North Dakota that he rents out to all.
all different types of farmers, including soybean farmers.
So that's like if you rented your house out to somebody and they were an accountant,
you're like, I'm an accountant also because they're doing accounting work in their house.
Or like, if you're the landlord of a building, I am actually a law firm and I'm an accounting
firm and I am an investment banking firm.
You know, everyone that's it, you're not a...
Speaking of houses and renting out houses, let's take a look at Scott Besson's house,
which he modeled after the Barbie Dreamhouse.
This is a real image that's overlying over us right now.
Those are two different houses.
Those are two different houses.
Okay.
The old house is the South Carolina mansion, which is based after Barbie's Pink Dream House, Malibu Mansion.
The other one's his home in D.C. right now for $12.5 million.
But he's a soybean farmer, just like the rest of you.
He's worth over $500 million.
People.
Like there's a genre in this Trump administration, I think, of like billionaires and Deca millionaires,
100 millionaires trying to act like they understand the plight of working people and that
they are they are feeling the pain i'm feeling the pain too you're worth over 500 million dollars
they just love cosplay i mean look at christie gnome for example every every time she's a firefighter
she's she's an army person she she has just doctor she dresses up in all these outfits like
and she they love to just cosplay it there's no dad i want to show this as well though um this is
Jordi, this must be cathartic for you. Ruben Gallego, Senator from Arizona, Democrat, on with Joe Kiernan,
and Kiernan tries to do the Trump propaganda. Republicans just don't want to get blackmailed.
That's what's going on. And then watch what Senator Gallego does here. It's brilliant. Let's play.
Republicans are refusing to be blackmailed and held hostage into what Democrats want. Mike Johnson doesn't need to do anything.
Democrats. That's what I want 24 million Americans. I want 24 million Americans to have
inflation. No. Okay. 24 million Americans want their insurance. We're in healthy,
thanks for your time. I appreciate it. You too. Have a good one. Okay. Have you back.
Let's go. Have me back. Jordie. That was the moment you were waiting for.
There's so many more clips there that I'll show in other videos, but it all basically went down like
that with Kiernan, who's supposed to be a financial host, right? He's supposed to take a step
back, be objective about the financial data. This is CNBC. It's not supposed to be Fox fake news,
right? And he's out there pushing Republican talking points for Donald Trump. And finally,
you have a Democratic senator say, look, we're just fighting for the health care 24 million.
And by the way, it's like to me, it's like one point if you have like conservative beliefs
and that informs your reporting. Okay. Like I could let that pass. But like Kernan is just a straight
up maga propagandist who isn't even basing anything he says on facts. He's just like,
following the Trump mag align with everything on a business network where people are supposed
to be getting their business news so they could react appropriately to markets and actually
be prepared for various market conditions and whatnot. I'm glad that Ruben Gallego was just like,
dude, shut the fuck. Jordan, how does that make you feel? It makes me feel good. A guy who obviously
listen to the Midas Tedd podcast and he's obviously a Jordi fan and knows that how frustrated I am
with this damn channel. And I think we're getting some justice here that we could finally discuss
CNBC without me getting made fun of. But Ben and Brett, to your points exactly, I'm so glad your
eyes are now open to this. This is a MAGA light channel. Joe Kernan is a MAGA puppet who just spews
MAGA talking points because he, in my theory, I'm theorizing here, has tons of money in the market.
And he loves the way that Donald Trump is taking the market and manipulating it in this.
And who has the microphone over at CNBC? Joe Kernan has the microphone over there. And I was watching
the other day, you know, because I watch all the time angry at my TV watching this show because
It's for people, in my opinion, that are politically adjacent and aren't super tuned in with everything
that's going on, but just want updates on the market.
But the channel has turned in to this MAGA arm, the arm of the Trump regime that literally
just spews his talking points.
And it takes away legitimate information that people could be getting about the market and
the economy to help inform their opinions in a better way.
And so when Kernan is up there doing that whole shtick, it's confusing Americans at large because what he does is he puts on a good, a senator Ruben Gallego and gets him on there and asks about it and hopes that he stumbles and falters.
And so Kernan could then press him with the MAGA talking points to put that out there. See, look, it's the Democrats. They don't want you back in. It's all the Democrats fault. And the biggest joke about Kernan here too is Sorkin, who's on the network, who's actually a bit better, one of their good hosts.
have to say when he tries to push back on republicans and the maga arm that comes on and rightfully so
he he asked them like good questions kernin gets so in his own feelings about it and make sorkin
just stop talking and then it's to me that's like okay you now you actually i know you don't
care i know you don't care about the legitimate information out there that the american people actually
want and you just want to use your microphone and your network kernan to just spew the maga talking
points. We should get Sorkin on. I think that would be funny. Yes. We should. Here, here, here's
what I want to say, though, about that too. Like, you know, I know you see, you implied a little bit,
you know, that this, first off, it's, I think it's hilarious that this has become an ongoing
joke or so to speak of this podcast is that J. J. John Kernan with a fiery burning passion and
what way it hate watches squawk box every morning. I still don't know why. Jordy, it's raising your
blood pressure. It's going to just be careful out there, okay? But,
But, like, I just want to say this isn't just within the Trump administration that this has been going back because, you know who used to be a frequent guest on none other than CNBC's squawk box?
Larry Kudlow, who works for the Trump administration now.
So this goes way back, is my point.
It's not just a new creation.
But I think that's one of the things that I think we have to realize and that people when, if you want to be media savvy, need to realize, is that these companies, like a CNBC, they're owned by mega conglomerate.
corporations like Comcast, right? They're owned by the biggest corporations that have incentives
to protect the wealthiest people. You know, these aren't great people who run these corporations.
And so when you see that there is a business channel that's owned by these mega conglomerates,
who do you think they are going to be reporting in the best interest of the working people
who are trying to put food on the table for their family, the people who are concerned about their
snap benefits? Or are they trying to do whatever they can to elevate the bottom line of their
owners who paid billions and billions and billions of dollars to keep these networks going? I mean,
I think you really have to look at it like that. And then it makes all the sense as to why to
CNBC have this Joe Kernan guy there? Why did they uplift a guy like Larry Kudlow? Why are they
pushing all of this bullshit? Why do they buy into Trump's fake trade deals? Because they are pushing
the line that is best going to help the billionaire class. That's just what's happening every single time.
They make a lot more money doing that than they would helping the person who is terrified
that they're not going to be able to pay for their groceries.
I think that's an important theme of this episode and part of the mission that we have here
at the Midas Touch Network is to deconstruct and reconstruct with facts.
What's really going on there?
And that's our mission each and every day.
And it's an honor and a privilege to be able to fight by your side, shoulder to shoulder,
bringing the receipts and the accurate news.
I want to thank everybody for watching.
A reminder, subscribe to our YouTube channel.
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Thank you for everything.
and we'll keep fighting
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Jordy, take it away.
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