The MeidasTouch Podcast - MeidasTouch Full Podcast - 5/13/25
Episode Date: May 13, 2025On this episode of the MeidasTouch Podcast: Trump’s so-called ‘Liberation Day’ meets ‘Capitulation Day’ after he caves and rescinds key tariffs on Chinese imports — the Art of the Cave in ...action. Plus, Trump is caught in yet another corruption scandal involving a $400 million luxury jet gifted by Qatar, Congressman Dan Goldman demands answers on the Epstein files stonewall, and MAGA apologists twist themselves into knots defending Trump’s open threats to Habeas Corpus. We also break down Trump’s hollow new prescription drug stunt, red flags for Trump Media, and more. Subscribe to Meidas+ at https://meidasplus.com Get Meidas Merch: https://store.meidastouch.com Deals from our sponsors! Remi: Save your smile and your bank account with Remi! Get up to 50% off your custom-fit mouth guard at https://ShopRemi.com/MEIDAS today! Armra: Go to https://tryarmra.com/MEIDAS or enter MEIDAS to get 15% off your first order. Fast Growing Trees: Head to https://www.fast-growing-trees.com/collections/sale?utm_source=YouTube&utm_medium=show+notes&utm_campaign=meidastouch right now and use code MEIDAS at checkout to get 15% off your entire order! Allermi: For 60% off your order, head to https://Allermi.com and use code 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
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Donald Trump accepting $400 million gifts in the form of a 747 jet from Qatar. Donald Trump brags about it and says that this is a great thing for America. In my opinion, it is a unlawful thing
that should be talked about in the proper context. We will do that here on the Midas Touch Network.
Also, Donald Trump fully caves and capitulates to China in front of the world. Donald Trump is
trying to parade out what took place in Switzerland as a deal, but it really was a
consensus for the total retreat or almost total retreat and withdrawal by the United States in
their trade war against China. In the two quote unquote deals that we've seen so far, one with
the United Kingdom where Donald Trump essentially giving special carve-outs
to Rolls-Royce and Land Rover while taxing the United States and actually not doing a deal.
And this China capitulation, I think that Donald Trump may not be a good dealmaker and not know
what he's doing, but we'll talk about that here as well. Donald Trump needed
a new distraction after accepting a $400 million gift from Qatar and caving to China. So Donald
Trump rolled out via executive order what he claims to be a new health care plan. But with
all things Donald Trump, it is a scam. It's just him posting all caps and then not caps and then run on sentences that he's
signing an executive order that he says is going to lower prices 30%, 50%, 80%. Who knows even 90%
on prescription drug prices and healthcare costs via an unlawful executive order while the MAGA
Republicans are the ones who have been blocking the reductions to prescription drug
prices and the ability of the government to negotiate in the private healthcare market,
the same way former President Biden fought to have the government negotiate across Medicare.
So we should talk about what Trump is really doing here, which is actually likely going to lead to
healthcare costs rising. But for Donald Trump, it's just another scam. I'm going to bring your
healthcare costs down 80%. I'm going to do such a good work with tariffs that I'm going to,
you're not even going to need to have taxes anymore. Everyone's just going to be so rich.
It's why we call this the Ponzi scheme presidency, the rug pull presidency.
Look no further than Donald Trump's own company, because what may have been missed with all of
these whack-a-mole stories that are taking place, Trump media reported to the Securities and
Exchange Commissions that it has material weaknesses in its own accounting procedures, such that
the reliability of its own accounting submitted publicly may not be relied upon potentially
because of its conduct.
Also, I think for the first quarter, Trump Media, which runs Truth Social, lost what, like $29, $32 million, something in that range,
and then only made $800,000 in actual revenue, brought in $800,000 in revenue for the first
quarter. I just want you to think about that. Your local deli probably does about the same
revenue as Trump's company, and it certainly ain't losing $29 million.
And then we should talk about all these MAGA Republicans from this weekend trying to,
I don't know, justify the fact that Donald Trump wants to get rid of habeas corpus and destroy the
constitution. And they're saying, oh, this is so brilliant. And the MAGA Republicans parroting
Donald Trump's lines that tariffs are going to be so great,
but now they have to reverse that and say tariffs are actually really bad and you should have one
doll and you should only have one pencil, little girls, while Donald Trump gets $400 million gifts
from Qatar. We're going to break it all down. I think the American people understand what's up.
I'm reporting from New York with my brother Brett and with Jordy.
There he is. We're here for the Webby's this evening.
I want to give everybody a heads up in case some major news breaks while we're at the event that we have to pre-record this because we're going to be at the Webby event during the time of our normal recording. So we're trying to capture everything
that's occurred today up until this point. And I think it'll be a very, very, very comprehensive
show, but I wanted to flag that. Brett, Jordy, how you doing? We're doing great. It's great to
be here with everybody. It's great to be with you brothers here in person in New York City for the
Webby Awards. I want to apologize upfront in case the quality isn't quite 100% this episode. We are
at the whims of the hotel Wi-Fi. Jordy is sharing a space with me right here. Ben is a couple floors
up. So we are doing our best, folks. But we got a lot of information to bring to you. We are so
excited to speak with you about all the latest updates. We're so excited for the Webby Awards
tonight. It should be super cool. And I just want to once again thank everybody for this because this obviously could not happen without any of
you. And so for those who don't know, we have been awarded Webby Podcast of the Year, like of all
podcasts. I still kind of think it's a prank until we go on stage and accept this thing. I still kind
of think it's a big joke that people are pulling on me. But this has been very cool. And you guys
should be able to watch, actually, if you're watching this live, I think you could probably watch that live right
after. I believe it's watch.webbiawards.com. You could check out the Webbies tonight if you're
watching this live with us, or you could watch the clips if you're listening to this on audio.
If you're not listening on audio, by the way, make sure you check it out on the Midas Touch
podcast on Apple Podcasts and Spotify. We've had a busy few days here this morning.
We also did Katie Couric's podcast this morning.
That's going to be released this Thursday,
so make sure you look up her show
and look forward to our interview on her show.
We had a really nice time in studio.
The first in-studio interview that we've ever done as brothers,
as crazy as that is in the five years of Midas Touch.
So check that out. Big
moment Thursday, Katie Kirk's podcast. Make sure you check it out. Jordy, what's the latest with
you? Super excited. Hey, everybody. Going to be a great episode tonight. Katie with the exclusive,
the three brothers in studio the very first time. This is very cool. You say in the five years,
we've never all actually done interview together. I don't know what would have led us to doing an
interview with someone prior to. I was thinking of the context of like,
you know, a reason why. Yeah, no, it makes sense. Can't wait for tonight's show. Where do you want
to start off, Benji? Let's talk about Qatar because it's probably the least thing that
Donald Trump wants to talk about. So let me put that first, because when we talk about what went down in China, it's not a
deal. Okay. And there's a reason that China isn't calling it a deal. It's a statement. It's a
consensus where the U.S. is retreating and is withdrawing 145% tariffs. And when you add up
all the ridiculous things that are still there,
the U.S. is going to be imposing a tariff of 30%, which is basically a tax on our own people.
And China's like, okay, we'll only tax our own people 10%. So we'll reduce ours to 10%. Okay,
there. Okay, there, Donald. That's the great, great art of the deal right there. And then other than that, as the consensus, there's then discussions to discuss further. There's not a trade deal. It's
not some sort of comprehensive document. It's literally Trump after saying that he's going to
make everybody so rich that you're not going to need to pay income taxes, just basically taking
them off the table and then show or removing the tariffs and
then basically showing yet once again, he will always back down to pressure and you can't take
anything he says seriously at all and that he has no plan. And it's just him and market manipulation
and just being arbitrary. Frankly, when I watch this, I don't know if you feel the
same way. Part of me feels like I'm going insane the way some of the media reports on this. Just
the way they're like, we have a deal, folks. I'm like, what deal do we have? He lit the fire,
and now he put out some of the fire, and you're calling that a deal? I truthfully don't understand
this concept where you reward the arsonist with praise when he just kind of puts out some of the
fire and doesn't actually get anything in return. I mean, remember the various promises, Ben, that
you were just breaking down that he made to the American people with these tariffs, all the lies,
all the scams, we're going to get rich. There's going to be no more income tax anymore.
Manufacturing is going to be rushing our way. Everything's going to be great. Meanwhile,
what happened? We had shortages at the ports. We had no ships coming in. We had a bond market in crisis. We
had stocks in crisis. Donald Trump panicking, reacting to all that news, begging every single
day China to come to the table with him. And finally, he gives President Xi everything that
Xi wants. And then we're supposed to act like this is some sort of genius deal making like masterclass. I mean, give me a goddamn break here. It's unbelievable.
That's why you accurately described it as the Ponzi scheme presidency.
Yeah. And all of this stuff, because, you know, it's Ponzi scheme here, Ponzi scheme there,
and who gets rich in the Ponzi scheme, you know, the Ponzi schemer until they ultimately, you know, you know, get busted.
Right. And so we'll get back to we'll get back to the China cave in a moment.
But, you know, let's talk about Cutter here before talking about the jet 747 aircraft that's going to be gifted to Donald Trump and then Trump, his own personal library,
which basically, I'm not sure how you gift a plane to an active plane to a library, which means-
Libraries don't fly planes. We could all agree libraries don't fly planes, right?
The person can fly a plane.
Exactly. So it's basically a gift to Donald Trump. And this thing's got gold plated walls,
golden toilet bowls, golden beds, you know, and it's one of those things that, you know,
Trump probably said to the emir, you know, I like this. I want that. You got it. You got to give me
one of those. And obviously there's quid, there's a quid pro quo, you know, aspect to this. So Trump
is, you know, one of the evidences of that is Trump's traveling
to the Middle East and he's going to be meeting with Qatar. He's going to be meeting with Saudi
Arabia. He's going to be meeting with United Arab Emirates. And Trump has multiple deals with the
sovereign wealth funds from these countries. Trump resorts in Qatar in addition to the airplane. Trump resorts in Oman
that's being built by the Saudi Arabian Sovereign Wealth Fund. The Abu Dhabi Sovereign Wealth Fund
is using the Trump crypto as one of its kind of major forms of currency for its transactions,
which kicks back fees to Donald Trump as that kind of crypto is being used as kind of one of the forms of currency.
And it props up, you know, one of these Trump ventures, you know, not to mention all the other grifts they're doing,
like Don Jr. creating a club called the Executive Branch with the crypto czar while Abu Dhabi is using the Trump crypto.
It costs five hundred thousand dollars to be a member of this club.
And as we've seen with all of these clubs
and exclusive whatever,
Trump gives these people preferential access to him.
I mean, look, Donald Trump is selling access-
Can I pause for a second?
He's calling it the executive branch?
Like all this talk over the past few years, all the sort of,
oh, it was Hunter Biden selling access, like all that crap that was going on.
And Donald Trump Jr. is running a grift that he literally calls the executive branch. I just
need that to sit in people's brains just for one second. Sorry, I had to point it out. Well, and not a peep,
do you really hear, right? I keep bringing it up because I don't want to lose these threads,
you know, which are actually massive scams and scandals, you know, which, you know, which
in our current environment are no longer reported. I'll give Dan Goldman, Congressmember Goldman,
credit because he kind of checked me on something that I was saying, and he was right about this.
And it's an important point, you know, to admit when I was wrong. I wasn't trying to be wrong.
But one of the things I said to Congressmember Goldman is I said, look, when the Democrats win
in 2026, you know, these guys, this has to be, you're going to be doing a lot of investigation
goes, Ben, Ben, Ben, let me just be very clear here though. Yes, of course. But why is it all
of a sudden that the Democrats have to be the ones to look into this? The account, he's so right.
The accountability structure right now needs to be focused on why the hell aren't Republicans
looking into this? You know, they're still a Congress.
And so why is it that when you have an authoritarian and when you have a political party that gives away all of its co-equal branch authority, is it therefore just accepted that they
get to play by a different set of rules. And then someone like former President Biden or
someone like Obama gets held to a standard where if you're wearing a colored suit, that doesn't
satisfy the media, that becomes a massive week long scandal, and you're held to a completely
different standard. Congressmember Goldman was so right about that. And by the way,
he was on the episode this morning,
we were doing one of the episodes where we were talking about the Epstein files and the fact that
we cover this relentlessly here on the Midas Touch Network, that there seems to be a concerted cover
up by Pam Bondi and the White House to not release these files after claiming they were going to
release it. It was an exclusive we got here at the Midas Touch Network.
And as you all know, I'm proud of all of the exclusives that we've been breaking here on the
Midas Touch Network, exclusives like that, and a major exclusive, whether it was the Virginia
governor's race, the governor's race in New Mexico, where some of our reporting has really
been major, major, played a major impact in those elections. Anyway, I digress. Let me get back,
though, to talking about the influence and the cutter jet. So we talked about all these other
Mideast sovereign wealth fund contributions to Donald Trump. Well, now we're talking about a
$400 million jet. My guess, though, first off, is that that 400 million dollars is less than it
is i would say that it's probably somewhere in the range of 1.5 billion dollars why do i say that
because they lie about everything number one um and number two it's gold plated this gold plated
that gold plated everything you know and if you know what a gold, and I believe with Cutter, it's probably
real gold, not Trump fake gold, like the fake gold he has all over the Oval Office. I think
with Cutter, they probably have real gold on them, thinking what that royal family does.
So I think it's probably more like 1.2 billion. The baseline of that jet is whatever.
And it's given to Trump to then go to
his library. So it's basically for Trump's personal use. Come on. And I don't just want
to talk about it like how bad that is, but I want to talk about it at the same... I think we always
have to contextualize it, right? Prices are not going down right now. Inflation is going up. Housing is not more
affordable right now. Americans are struggling. While Trump lies, he says, we've solved everything.
Everything is great. So while American people are suffering, can't afford homes,
Trump defrauded everybody. The Ponzi schemer, what's he doing? He's taking 400 million to $1.2 billion private jets
for himself. And then he's saying that this is a great thing for America.
But I want to remind everybody here, there's a reason why the Boeing jet that was being designed
to be the next Air Force One was not yet completed. It's because they had to redesign the whole plane to
ensure that it had proper security features in Air Force One. It's one of the reasons why it's
been delayed a little bit throughout this process. And so Trump's solve to this process is apparently
now to get a jet from Qatar that doesn't have any of that security, that doesn't solve that issue,
that's now going to be a national security issue in addition to a blatant corruption bribery issue
that we are seeing. Just none of it makes sense. And if you notice, Trump, what's his big line,
right? America first, his whole thing is we're going to take on the globalists, the this and
the that. Donald Trump always appears to be the biggest globalist. In one situation, that's when it benefits himself. If it benefits Donald Trump, he's doing deals
with the Saudis. He's doing deals with the Qataris. He's not doing deals for you. He's
doing deals for himself. How could this help me? How could this help my rich buddies? How could I
manipulate the market to help my friends? That's Donald Trump's brand of globalism that we're
seeing. It's not for the American people. It's how could he put more money in his pocket.
And to that point exactly, Brett,
what's Trump's defense when pressed on this?
I would be a stupid person if I said no.
That's literally what he said.
I'd be like a stupid person if I said no.
It's not about you, Donnie.
It's not about you.
So, but think about it too, like even, Brett,
the, you know, you mentioned some Middle East nations. But think about the deal with the uk united kingdom right what was who did trump's deal
benefit uh jaguar rolls-royce and land rover over a me over american manufacturers. Right now, Jaguar, Land Rover, and Rolls-Royce have a better deal
than General Motors, Ford, and Stellantis. I just want you to think about that. That was Trump's
first move, was helping luxury cars from the UK over American manufacturing. Just look at it like that.
Jordy, to your point right there, Donald Trump held a press conference and he was asked by a
reporter, what do you have to say to people who view that luxury jet as a personal gift to you?
I'm surprised it doesn't even have to be phrased like that. The people who are saying that are
accurately, it is a gift to him. That is what it is.
It is a gift to Donald Trump, not a gift to, if it's anything to our Defense Department,
it is a Trojan horse.
You know, it is the perfect way for a foreign company to harm our Defense Department if
we're going to be accepting a foreign-made Air Force One.
A foreign-made Air Force One?
What are we talking about?
Here, play this clip.
It's going to be very interesting.
Mr. President, what do you say to people
who view that luxury jet as a personal gift to you?
Why not leave it behind?
You're ABC fake news, right?
Why not?
It's only ABC.
Well, a few of you would.
Let me tell you,
you should be embarrassed asking that question.
They're giving us a free jet.
I could say, no, no, no, don't give us.
I want to pay you a billion or 400 million or whatever it is.
Or I could say, thank you very much.
You know, there was an old golfer named Sam Snead.
Did you ever hear him?
He won 82 tournaments.
He was a great golfer.
And he had a motto.
When they give you a putt, you say, thank you very much. You pick up your ball and you walk to the next hole. A lot of
people are stupid. They say, no, no, I insist on putting it. Then they putt it and they miss it.
And their partner gets angry at them. You know what? Remember that Sam Snead,
when they give you a putt, you pick it up and you walk to the next hole and you say, thank you very much. When Qatar is behind funding for Hamas, gives you a putter, you say, thank you.
You're the United States of America. Air Force One is now going to be a hand-me-down, gaudy, golden jet from the Qatari emir?
Thank you?
That's what America is supposed to be proud of today?
That's the new talking point now that all these magamush brain losers in Congress and the Senate are going to have to do.
We're so great. We got the hand me downs from Qatari Amir to Donald Trump instead of our own Air Force One when we're the United States of America.
Here, by the way, Donald Trump continues on that path and says, I could be a stupid person and say we don't want a free plane here.
Watch this. And it's going to be a while before we get them.
And I think Qatar, who has really we've helped them a lot over the years in terms of security and safety.
I feel that I think that and very, very nicely.
And I have a lot of respect for the leadership and for the leader, Qatar.
And I think they very they knew about it because they buy Boeing's.
They buy a lot of Boeing's and they knew about it.
And they said we would like to do something.
And if we can get a 747 as a contribution to our Defense Department to use during a couple of years while they're building the other ones.
I think that was a very nice gesture. Now, I could be a stupid person and say, oh, no,
we don't want a free plane. We give free things out. We'll take one, too. And it helps us out
because, again, we're talking about we have 40-year-old aircraft. The money we spend,
the maintenance we spend on those planes to keep them tippy top is astronomical.
You wouldn't even believe it. So I think it's a great gesture from Qatar.
I appreciate it very much. I would never be one to turn down that kind of an offer.
I mean, I could be a stupid person and say, no, we don't want a free, very expensive airplane. But it was, I thought it
was a great jet. I just want you to reflect on what he said, right? Boeing, an American manufacturer
had sold this jet to Qatar from before. Then Donald Trump saying that, and then Qatar then
wants to give it now that Qatar's used it and the Emirates used itter then wants to give it now that Cutter's used it and the Amir's used it.
They want to give it back to Donald Trump.
He said something about tippy toppy, tippy toppy.
I don't even know what he's even talking about there.
The maintenance costs are still going to have to disassemble the entire
plane and reassemble it to make sure that it's not bugged. And you are a stupid person to use
your language if you think it's not bugged. If you think that you've got such a great friendship with the emir that they're going to not bug it?
You've got to, you are truly a stupid person. So now our most private and classified information
is going to go into the hands of Qatar. And we've just, I mean, we could talk about the bribe and the gift,
but let's also talk about that he just compromised all of our national security
the same way, or way worse actually, than the fact that they're having conversations on Signal
about war targets, and then they're telling us it's not classified.
I want to take our first quick break of the show. We've got a lot more to discuss, but we have to talk about it in the right context like that.
Because that's what, you know, that's what I think sets apart this network and other things.
Like what we said there is how you have to report on.
If you want to report on it, report on it accurately.
Everything I said there was objective facts.
I wasn't like, I'm not giving you my opinion.
Those are the facts. That's what it is. Now, after all of that, you may say, I think this
is a great deal that he gets the plane. I think that'd be ridiculous, but at least you have the
facts, not all your ABC, your fake news, your fake news. I mean, it's ridiculous.
All right. Let's take a quick break. When we come back, I want to talk
about Trump caving yet again on this China consensus that was reached where basically
it's Trump withdrawing. Let's talk about the exclusive that Dan Goldman gave us on the
Midas Dutch Network. And let's talk about more. Let's take our first quick break.
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Real quick, if you're just joining us, we are in New York for the Webby Awards.
We won podcast of the year.
Thanks to y'all.
Seriously, thanks to you guys.
You guys made that possible.
If you're not already, please subscribe to the audio version of the Midas Touch podcast.
It's super helpful.
And it's the whole reason why we got here in the first place.
Over break, Ben, I was thinking like this situation is interesting because I feel like
time and time again when we do these trips, like Brett and I are usually the ones recording together and you get your own fancy room. So just going to put
that out there. And then the other thing is I was thinking Brett's Terry Moran-ing me a little bit
right now, right? A little forced perception. Brett up front, me like way in the back over here,
a little forced perception here by Bert. Yeah. You have to explain to our viewers what you mean
by that. In the Terry Moran
interview with Donald Trump on ABC, Terry Moran looked like he was a giant and Trump looked like
he was very, very small. And then I had to look up how tall Terry Moran is. I'm like, is this guy
6'9 or 6'10? And he was like 5'9, 5'10. And so they made the ABC just kind of made Moran look
so much bigger based on the angles that they looked.
And it was actually, I mean, I thought he actually did probably among all of the bad interviews I've seen reporters do of Trump.
I think his was probably the best one.
I'm not going to say it was a great interview, but he did a pretty decent job.
All right, let's talk about what went down in Switzerland over the weekend at the United States request because ships were not coming into our
ports anymore. The United States met with China in Switzerland to discuss the trade war that the
United States initiated against the world, but specifically here against China, where Trump all of a sudden escalated it from initially 30% to 50%
to 145%. China responded with 125% tariffs, which effectively meant a trading embargo
between the United States and China. There's almost like a $1 trillion annual trading relationship between the U.S. and China.
So it was actually devastating to the United States economy.
China, if you actually looked at the data, they were able to basically send their goods elsewhere.
And their economy seemed to actually be increasing despite the propaganda from Trump saying the contrary was happening. So the United
States needed a way to deescalate the situation is how at least it appeared to me. And then so
they met in Switzerland for two days. And I think the language of the sides tells you a lot about what took place, right? The United States referring to it as a
historical reset, a massive deal, and then our media reflected it that way. The way China talked
about it was a consensus that was reached for de-escalation, that there will be talks that lead to more talks in the future.
But for now, the United States would drop its tariffs from 145% to 30%, which let's be clear,
that's a tax on the American importer passed on to the American consumer. And on the other hand, China would drop its tariffs against the United States
from 125% to a 10%, essentially a 10% tax on its people. Now, if you actually read the wording of
the deal itself, which is what I tried to do, the wording of the deal certainly doesn't use the word
deal. Let me be very clear there. It uses the word
consensus. So let me be clear about my language as well. And it says that there's discussions to
discuss more, but that the U.S. is going to, you know, that level that I just discussed, 30% in
China is going to 10%. If you just take a look at how China is messaging this at home, they've got
cartoons of Uncle Sam being uppercut by another cartoon image of some being that represents
tariffs. And then when you read how China describes the whole situation, let me just
share with you what they're saying so you understand at
least how they're messaging this. As a major power in the world, the U.S. should act as such in a
responsible way. However, the frequent backsliding and wanton changes in trade rules of the government
have damaged the country's credibility of itself. The U.S. has become an unreliable and fickle player
in global economic governance with
its strategic credibility and international status being continuously eroded by its short-sighted
behavior. The U.S. is trying to curb China's economic development through high tariffs,
but the reality is quite the opposite. The global supply chain has formed an intricate network and
China has cultivated irreplaceable advantages in basic
manufacturing, support industries, and labor. The high tariff policy of the U.S. will not be able
to hit China, which in turn will seriously damage its own economic interest. China will not succumb
to any form of economic coercion and will resolutely defend its legitimate rights and
interests in national security through corresponding countermeasures in accordance with relevant laws and regulations and the basic principles
of international law. The Chinese government had taken a series of precise countermeasures.
Then it goes on to talk about history has long proven the large-scale unilateral tariff hikes
will only lead to more sanctions lists and tit-for-tat confrontations, escalating tensions
between the countries. Now, that message is not only intended for the people who live in China,
but it's also intended for the rest of the world. Because one of the big problems that has arisen War, is that the United States' credibility as a stable player in international trade
has been potentially irreparably damaged. As we posted on the Midas Touch account,
social media accounts, we basically said, U.S. and China agreed a 90-day pause on new tariffs
after shipping to U.S. ports plummeted.
U.S. tariffs on Chinese imports will be cut from 145% to 30%. Chinese tariffs on U.S. imports will
be cut from 125% to 10%. If tariffs are supposed to result in massive job growth and make the U.S.
rich, why is Trump lowering them? I mean, and then this graphic for our audio listeners is a graphic of Trump saying, I'm
adding tariffs.
And then his MAGA supporters go, this will create jobs.
And Trump goes, I'm removing the tariffs.
And the MAGA supporters go, art of the deal.
Then Trump says, I'm adding tariffs.
And the MAGA supporters go, this will create jobs.
And then Trump says, I'm removing tariffs.
They go, this will be the art of the deal. Donald Trump's been saying that the fact that no ships are coming to our ports is a great sign that America is winning this thing. He doesn't want to see the ships coming to our port, he said. He said that we're going to be taking in so much money on these tariffs from China that we are not even going to need to have an income tax
anymore. By the way, even what you just said there is a contradiction in and of itself. If there are
no ships coming in, then we are thereby not receiving any tariff revenue and we are thereby
not getting rich, as Donald Trump puts it. Everything he says contradicts the next thing he
says in this argument. And he keeps kind of just deciding which one he wants to do just based on a
whim. He just kind of throws it all out there and hope it sticks, even when none of it makes
any sense whatsoever. I'll give you two data points. One from economics professor from Michigan
University, Justin Wolfers, who says,
there are two ways to frame this news. One, U.S. trade policy and our macroeconomic prospects are much better today than they were yesterday. Or two, U.S. trade policy and our macroeconomic
prospects are much worse today than on inauguration day. Both are true. I mean,
China got, you have to understand, China got what it
wanted out of this deal because China wants to keep its markets open to American products.
That's why it's only going to have a 10% tariff. The US, while backing down from 145%,
is still keeping a 30% tariff, which is going to be high.
And that is going to be passed on to consumers.
And businesses are going to use this as a pretext as well to raise prices to try to increase their profits as well.
Let me tell you how Charles Gasparino, a Fox host or a Fox business writer,
New York Post writer as well.
Here's what he says.
Breaking. host or a Fox Business writer, New York Post writer as well. Here's what he says, breaking.
Trump raised tariffs on the world, the markets, particularly the bond market, which we need to
finance our debt, rebelled. Trump then was forced to back off. End of story. He goes on to say
basically the same. And what was Trump talking about today? Trump says that we, what did we, I mean, I mean this sincerely,
what did we get from China? I asked the question on social media. I said, what, what is it that
we got from this deal? Let me know. I mean, for real, if I'm missing something, then all the
MAGA people, Brett, who literally are right out of central casting from the meme that you create
are like, we redid the trade deal. No, no, we didn't. There was
literally nothing that changed. The only thing that Donald Trump can point to is he says that
he believes that there will be less fentanyl coming in from China. And he says, I take them
at their word, whatever that means. I take them at their word. Play this clip of Trump saying that from today.
But so that's a very important subject to me
because everybody in this room has lost friends
or people that have family members
that have died of fentanyl.
So there's a big incentive for China to stop
and I take them at their word.
They're going to work on that, I think, very hard.
By the way, last week, Donald Trump said that he took the Houthis at their word and praised their bravery and basically shouted them out nicer than you've ever heard him talk about Ukraine or Canada or Europe or any of our actual allies. I take the Houthis
at their word. By the way, that was barely a story as well. I did a whole video here on the
Midas Touch Network. But what Trump did there also is part of his predatory behavior, as we'll soon
talk about the health care costs. Trump recognizes that fentanyl is a major issue.
It's true that we probably all have someone in our family or someone who's a friend or someone
that we know who's died of a fentanyl overdose or who's died of opioids or whose life has been
severely harmed. So Trump, this is what he knows. He knows it's a bad deal. So he uses
fentanyl as a way to pull on the heartstrings and lie to people that he's extracted some benefit
that's going to result in less fentanyl coming in. And there's nothing in the deal or lack of a deal. There's nothing in the consensus in the joint statement that says anything like that at all. And let me remind everybody, say, say, you know, none of this happened, right? Reset, like, let's go back months from now, right? Months ago. And Donald Trump comes out today and he announces the exact parameters of this deal, we are increasing tariffs by 30%
on China. China has increased tariffs on us. It would be like pandemonium. It would be like the
Liberation Day disaster, so-called. This is just going back to that. These are the tariffs that
have been rolled back aren't even those tariffs. The tariffs that have been rolled back are the additional ones when Donald Trump threw
a tantrum because China decided to actually stick up for themselves after Donald Trump
attacked them with these various tariffs.
So you got to put it in perspective too, because when you have media and when you have Trump
and all the MAGA people try to claim this as some sort of major victory, we're not even
back to zero. We're still above
where they were today. That's why the Wolfers tweet that we showed before, Ben, his statements,
you know, were so on point because, you know, he shows that literally we are still in a much
worse place than we were since the inauguration. This is still devastating for American families,
for American workers, for American consumers. This is still leading us on a path where we are already set in stone right now. That's already
happening right now as we speak. Dock workers are being fired right now as we speak. The shortages
are happening right now as we speak. And just because Donald Trump rolled these tariffs back
does not mean all of that is even fixed tomorrow. Not to mention the uncertainty that this also puts into the entire economy.
Not to mention the fact that say you were even more, say you're the biggest Trump supporting
business on the planet and you go, oh, he's putting in these tariffs. I'm going to change
my whole business model right now in order to accommodate these tariffs. I'm going to try to
bring manufacturing here. I'm going to try to bring manufacturing here.
I'm going to try to change things around.
Donald Trump just screwed you.
Also, you're in the middle of doing all that.
Donald Trump just made all that worthless.
So how could you make any long-term business decisions at all right now?
If you don't know what Donald Trump is going to do, if he's just going to decide on a whim
tariffs on, tariffs off, I'm the best, you know, love it.
Enjoy your one doll enjoy your range rover
you get the whole thing is just so insane and again the deeper issue too is that the overall
brand of america and this is china's strategic thinking of Now, you may not like that you hear, I'm just letting you know
what the reality is, what China's thinking about this. China's like, we stood up to them.
They withdrew a crazy 145% tariff away. We gave up nothing for it. And we look, this is, and this is what China always wanted. We look like the adult
and they look like what people thought China was. We look like America and they look like China.
That's what China wanted. And now they're saying, that's what China looks like now. And America is looked at as this crazy actor.
And then you may go, well, look, you know, so another administration comes back in afterwards and fixes it. injects on the overall macroeconomics of policy is such that the world then says,
well, how do we know that this country is not going to bring back in another Trump
in eight years from now or four years from now, and we're going to be at this again?
So there's short-term stuff, but the longer-term stuff is how China thinks about things,
a civilization that's been around for 5,000 years,
and they're playing the long game. And Trump is playing a game to win the headlines every day.
And this may be an example. Did Trump win the headlines from corporate media that framed this
as a good deal and the markets went up? Sure. But the reality is, and why people are not watching corporate news and
watching Midas is because people know that's bullshit. And people know what they're experiencing.
And they don't want to be told by billionaires and oligarchs that what they're experiencing
is not real. And we have to live in Trump's make-believe reality TV show world when we,
the people are
really suffering. And they want people who speak to that and go, I know what's really going on.
This is bullshit. What just happened? Market manipulation, billionaires made money buying
dips and going up and regular people had to drain their 529s and 401ks and pensions because they
were really screwed by this. if they even could have that.
People can't afford homes, people losing their jobs, our economy contracted while China's
economy is growing. And under former President Biden, America was number one in GDP growth
in the world with record low unemployment, record job growth and bringing infrastructure
here to the United States, not to mention we were the number one oil producer
and exporter in the world as well. And right now, after all, by the way, of all of Trump's drill,
baby drill, he's also crushing the oil and he's also destroying his oil donors. So this is systemic
issues and this will reemerge. We got to take our last quick break of the show. When we come back,
I do want to talk about Trump's scheme and I want to explain it to you what this most favored
nation's health care scheme is. And I want to make sure I call it a scheme because that's what it is.
And we'll talk about Goldman and the Epstein files and requesting them.
And we'll talk about that. Let's take our last quick break of the show.
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Let's go. Let's go. Shout out to our pro-democracy sponsors right there. The discount codes are in the description below. We've got a few things to cover right now, some important stuff as well, including, by the way, the tax bill by the MAGA Republicans. I think it's going to be adding $4 trillion to the debt limit, like the least fiscally responsible people out there. We'll cover that. But first, let's talk about what Democratic Congress member Dan Goldman did today. And I think this is an important issue.
You all know here at the Midas Touch Network that we keep on this story. And we've been talking
about the Epstein list, which more properly should be talked about as the Epstein files,
court documents, videos, under seal filings of the co-conspirators,
the people who were involved with Epstein. There have been prior document dumps years ago.
Trump's name is in them. Trump's name is in deposition transcripts of women Epstein traffic
going to Trump casinos. Trump's on Epstein's flight log at least seven times,
but it's only a partial release of the flight log.
There's Epstein's call list or Rolodex basically in Trump's name
and like Trump's bodyguards and like various Trump phone numbers
are all over Epstein's phone and contact list.
We know Epstein was on Trump's jet. A 14-year-old girl
at the Ghislaine Maxwell trial, she's now a woman, but when she was 14, she was a Jane Doe at Ghislaine's
trial. Said when she was 14, she was introduced to Trump by Ghislaine and Epstein. Trump, I think, is listed as Doe 171 or 173 or 178, something in the 170s.
What was it, 171?
174.
174.
I'm bound to get one right, but I guess all of them wrong.
Doe 174 in one of the proceedings.
So we would know if I was the lawyer on the case, I would say document request.
Give me every information about Doe 174.
Give me all the grand jury testimony from Jane Doe, who was 14 years old at the time.
It would be an easy request to basically find out this stuff.
The Trump MAGA world, in spreading all of their Epstein conspiracies, have been trying to blame everybody else as being involved in this
with Epstein. But Trump was like, it's always projected. This is like one of the ultimate
projection and confession because Trump's, you know, it was like Epstein's closest friend.
Like they were like best friends in Palm Beach for at least a period of time. That's how Epstein
at least classified it. They would party together. They would hang out together. Epstein would find
girls that he trafficked at Mar-a-Lago.
Virginia Giuffre, who died by suicide, she was homeless.
Then she got a job at Mar-a-Lago.
And then Ghislaine Maxwell found her at Mar-a-Lago, brought her to Epstein, and Epstein trafficked her.
So we've been documenting this.
And Pam Bondi's been lying and saying that she was going to turn over the documents. And at first she invited all these right-wing influencers, gave them binders, and they like tried to defraud the American people.
They like held it up and pretended they had the Epstein files.
It was like those are the – that's the phone log that's been released years ago.
And by the way, it has Trump's name on it.
But that's not the files.
There's probably terabytes of information. They've like
blown every one of their deadlines now where they said this is going to be turned over.
They just want us to forget about it. But we keep talking about it, even if corporate news doesn't
want to talk about it. And, you know, it's good to see impact journalism to where it's having an
impact. Democratic Congress member Dan Goldman.
Can I just pause on Pam Bondi for a second?
Because I think Pam Bondi is an interesting character that's kind of emerging throughout the many facets of corruption of the Trump administration right now.
Because you look at this Epstein situation right now, for example.
Who was the AG?
Who was the Attorney General of Florida when Epstein essentially got a
slap on the wrist during his crime spree? Pam Bondi. She was the Attorney General. She could
have done something. Pam Bondi did not. Pam Bondi basically let Epstein off the hook. That's my one
point of view, right? Now, that's my one point right there. Now, let's go back to what we were
speaking about earlier in the episode, right? Qatar and the Qatari jet that was given to Donald Trump. What is the linkage there with
Pam Bondi in this? Why was Pam Bondi chosen as attorney general after Matt Gaetz? Well,
in the situation of Qatar, Pam Bondi was literally a foreign agent of the Qatari government. Let me repeat that. Pam Bondi was literally a
registered foreign agent of Qatar. She was paid handsomely for being a registered foreign agent
of Qatar. Pam Bondi was paid what, Ben? $115,000 per month. Let me repeat that as well. $115,000 per month to be a registered agent for Qatar,
to be a consultant of the Qatari government. Now, when you see her approve these purchases
of the jet, for example, from the Qataris, when you see her apparently brush aside all this Epstein stuff,
and then you look into her recent past, and you see, oh, wait, she's got this interesting
connection to Epstein here. Oh, wait, she's got this interesting connection to the Qataris here.
Doesn't it all kind of go, oh, at least this is an interesting link right here that you can make
between the person who Donald Trump decided out of all people to choose as his attorney general.
I mean, I just feel like this isn't focused on enough.
And so I needed to bring it up.
So Dan Goldman sent this letter to Pam Bondi saying, what's up?
Turn it over.
And he also said, I'm a former 10-year federal prosecutor.
I know that this stuff could be released.
What are you doing?
It's very easy if you wanted this released.
And also let me know, and this is what I think was powerful about his letter, the connections
to Trump.
Are you, is your whole purpose of this delay going through this to redact any references
to Trump?
Because what else is taking you this amount of time?
Is that what you're doing? We want to know that. Now, here's what Goldman said when I interviewed him in a
Midas Touch exclusive. Let's play it. And so there was a mad dash and a big rush to release
everything and everyone was talking about it. And now there's radio silence and the begs the question, why has the attorney general gone dark on this? Why has Congresswoman Luna and others stopped calling for it? What is it that's in the Epstein files that they were so eager to have that now are just not being released according to the attorney general's promises of transparency,
but are still there. And there's no explanation. And the concern I have, of course, is we know
Donald Trump had a friendship with Jeffrey Epstein. We know Jeffrey Epstein had numerous
numbers for Donald Trump. And the question then is, was this some sort of directive from Donald Trump or someone on his staff or an agent of his to the attorney general to kill this?
And that would be yet another pretty egregious act of corruption using his position as president for his own personal benefit. It is incumbent
upon the Republicans currently in the majority to do their damn job, do their job and conduct
oversight over the president of the United States. Stop sucking up to him so much.
Powerful, powerful stuff right there. And glad that we could break that here on the
Midas Touch Network.
By the way, for anyone who wants to hear the full interview with Dan Goldman, make sure to
add the Midas Touch Podcast on Apple Podcasts or Spotify. You can listen to the exclusive interview
right there. You could also watch on YouTube, but I'm telling you, check it out on the Apple
Podcasts or Spotify. I know you guys will love it. If you've already added the Midas Touch Podcast,
also be sure to leave a five-star review. It really helps. Oh, absolutely, Brett. Now, just talk briefly about this healthcare scam
that Trump's been engaged in. And again, I think we all would like to see lower prescription drug
prices, lower healthcare costs, right? There's a way to do that. And a way to do that is you go
and you pass legislation. And one of the
things that I think is a way you reduce prices and why prices are cheaper in other countries
is that the government speaks with one voice and it reduces the prices as it negotiates a reduction.
The way right now, former President Biden was able to get it done with Medicare, but he was not able to do it in the private sector because people like Trump and MAGA blocked that from taking place.
If you could have the government negotiate across all pharmaceutical companies and drug manufacturers, you could lower the prices while still having market forces at play, but you would significantly drive the prices down.
MAGA blocked that.
So what Trump's gimmick is, so what he's saying he's going to do in this long, meandering social media post is in theory, I guess, if you get it done, it's not a bad thing.
He says it's unfair that in foreign countries people are paying less for pharmaceuticals.
True.
And America should pay the same amount of money as people are paying in other countries for pharmaceuticals.
True.
So Trump says he's issuing an executive order that will right away lower prescription drug
prices by 80 to 90%.
That's false.
That's false.
So now you're playing with people's lives.
You're pulling at their heartstrings, their health, and you're leading people to believe
you're doing something that you're not going to actually be able to do.
One, the executive order is not a law. So you can't, by executive order, decree this.
You can't. It will be deemed invalid by courts. It's dead on arrival because an executive order
doesn't have the force to do this. So the pharmaceutical- And by the way, Trump tried
to do a very similar executive order in his first term as well,
and it was shot down by the courts. And so he's basically, this is essentially a rehash of that,
which was already deemed out of his purview here.
If you want to lower the prices, you don't do it by a phony executive order.
What you do is you say to Congress, pass universal health care and make
it accessible and free and affordable to all Americans. Make it a right. That's what exists
in other countries. That's why it's lower. But you see, Trump is using this as a way to
try to attack other countries and particularly attack the countries in Europe, that he says he wants to investigate the countries,
not the companies. And so what could end up happening is that these companies have to now
increase their prices abroad as well, or take their products out of the United States to begin with, create scarcity issues versus actually,
if you want to deal with this, if this isn't a gimmick, if this isn't a scam,
then we should just do it the right way. Instead, what the MAGA Republicans are doing
is their new kind of tax bill, top line, bottom line numbers are out.
They have to increase the debt ceiling under their
policy by, what was it at least? They want to do it, what? $4 trillion in tax cuts. And they want
to add, they want to increase the debt limit by $4 trillion to make way for like $4 trillion
in tax cuts for billionaires, not for regular folks, for the richest Americans.
And they're going to find this money, again, one, by making it up,
by claiming and lying that these tariffs have raised all this money,
which they have not.
That's one of their scams.
And the other scam that they're going to do is they're going to take this away from Medicaid
and education and all of the other services. They're going to rob Peter to pay Paul. In this
case, Paul is the billionaire oligarch, and they're going to get paid in the form of massive tax cuts for the wealthy.
By the way, this also shows how just malleable all the kind of MAGA supporters are on literally any issue.
Save for maybe Laura Loomer, who actually pushes back on Trump, oddly enough.
But you see all of these people.
It's a very weird time, folks.
But you see all these people right after Donald Trump made this kind of scam announcement about here's how we're going to do this lower drug prices thing, all the MAGA people who spent the last few years, anytime any sort of Democrat called for caps on price gouging or anything of the like, whether it be with prescription drugs or grocery prices, you name it, what did they say?
This is communism.
You're a common, Donald Trump said this during the campaign. He called stuff like this communist,
all that. This is communist. It never works. It's been tried. It's communism. It's communism.
It's communism. And you know, who would never go for any of this stuff other than the, uh, you know,
the decreasing the tax burden on the wealthiest Americans are the Republicans in Congress as well.
So part of the scam that Trump is playing here, he knows that they're not going to go for
this. He knows that this is going to be shot down in the courts. And I'm all for lowering drug
prices, honestly, by any means. I'm frankly fine with Donald Trump trying this. I'm going to say
that. Sure, go for it. But what I don't like is how he's manipulating people into thinking that
this is actually going to be something that happens. Because like Ben said, this is playing
with people's lives here. And we know that is going to get shot down in the courts. We know
that the way to do this is via the Congress. And I think one of the interesting approaches,
one interesting approach I've seen, and at least I think it's a unique approach. I don't know your
thoughts, Ben or Jordy, but I saw Ro Khanna yesterday, Congressman Ro Khanna say,
all right, Donald, you want to do this thing?
All right, let's put a bill on the floor, okay?
Let's do a law, okay?
Let's get the Republicans.
Let's all do this.
We'll pass this.
We'll pass this bill, okay?
We'll cap the prescription drug prices.
You ready?
Bet.
Let's do it.
Let's make it happen.
Ro Khanna knows that's not going to happen.
He knows that this is all just a scam by Donald
Trump, but it's just his latest scam. It's just with everything. And if you notice,
just across the board, Trump dangles these things that he knows that will never happen.
Even for example, one of the things that Trump has kind of pushed out there through all these
sort of side sources and things just so he could be asked about it is, you know, Donald Trump might
actually be open to raising taxes on the wealthiest Americans. He might actually be open to this idea.
Something he knows is never going to happen. And then Donald Trump has asked about it. He goes,
oh yeah, I'm all for it. Oh wait, what? The Congress won't let me do it. I was going to do
it, but you know what? My hands are tied. I just can't do it, so I actually got to give them a massive tax cut.
I'm sorry.
I'm sorry.
I just couldn't do anything.
You wanted those doge checks?
You wanted 5,000?
You thought it was doge checks?
I just can't.
I can't.
They won't let me.
You got to ask Congress.
You got to ask Mike Johnson.
It's the same scam over and over.
He dangles these things at people and says, oh, look, I might actually be okay with this sort of thing. And then he pulls it back,
which is just to me, even worse than him not doing anything at all. The way he gets people's
hopes up with these things, the way he manipulates people, it's just really atrocious.
So I'll say this as we conclude. Let me share with you from Trump's own media company, his own personal
private company, how is he handling things with his own company, right? I'll just read from you
his latest filing. Here's what it says, based on their financials, by the way, where they show
another really kind of atrocious quarter where they lost $31.7 million on $821,000
in net sales.
Here's what it says.
Based on this evaluation, as of March 31st, 2025, the certifying officers of Trump Media
concluded that our disclosure controls and procedures were not effective as of that date due to material weaknesses in our internal controls over financial reporting,
including our failure to design and maintain formal accounting policies, processes, and controls to analyze and account for complex transactions, as well as a need for additional accounting personnel
who have the requisite experience in SEC reporting regulation. That's Trump's own filing
on his own company, where he can't even balance his own books, or setting aside balance, he can't even assemble a team for his own company, which is only doing
$821,000 in net sales. He thinks that that is too complex for what his accountants were able to do.
And therefore they're not effective. And there are now material weaknesses in their internal
controls.
That's like seven months of Pam Bondi's contract with Cutter.
That's all they did.
These are the people, exactly.
These are the people who are running the most complex economy in the world who can't run
$821,000 in net sales. That's $821,000 net sales, too complex. The American economy,
just think about it. And the whole world sees it now. They should have seen it before,
but to the rest of the world, they get it. Now, if American media wants to, you know, be a propaganda arm for the Trump regime and claim that this is, oh, we're so strong, America.
Okay.
I mean, you know, you're doing that at your own peril.
Like you're doing that at the expense of harm to America.
And so we here on the Midas Touch Network, we're just going to continue
reporting the truth. We're going to report the facts. We're going to connect all of these ideas
together. We're not going to forget about things. And that's why I'm thrilled about the growth of
this network. And we're recording this early today because we are going
to the Webby's and thanks to you, the Midas Mighty, the Midas Touch podcast has been named
podcast of the year by the Webby's, you know, which is their top award, their top honor. So
we've got to get ready for that right now. We hope you've enjoyed this episode
today. I think we've made it as comprehensive as we could. And I'm proud of this episode.
And I look forward to everyone seeing that Katie Couric interview because it was probably the longest time we've talked, you know, to someone about our story, where we're going, our views.
And I was really excited about that interview.
And, of course, Katie Couric's a legend.
So it was great to sit down with her.
And, again, from the bottom of our heart, thank you.
Let me tell you, if you want to help grow the Midas Touch Network where you can go.
By the way, our podcast is called Next Question
with Katie Kirk, and that episode releases this Thursday.
So make sure you check it out.
I think you guys will really enjoy it.
You've got MidasPlus.com, which is our sub stack
run by Ron Filipkowski, our editor-in-chief.
Shout out to Ron.
We've got our Patreon at patreon.com slash MidasTouch.
We're going to be holding probably next week or maybe the week after if it's a recap of all that's happened in New York.
So if you want to meet us personally, patreon.com slash MidasTouch is the place for that.
Store.MidasTouch.com, get your Midas gear.
For all of our Canadian supporters,
we've got the Midas Touch Elbows Up Canadian gear,
100% made in Canada, which you can still buy in America.
And then there's lots of other gear that we have in merch too.
So check that out, Store.MidasTouch.com.
Make sure you subscribe on audio podcast and YouTube,
so you're on all of our platforms. Leave a five-star review because those Rogan fans get
very mad when we win podcast of the year. So anyway, make sure you subscribe and leave five-star
reviews there. And again, from the bottom of our heart, thank you all so much. And we'll see you
next time on the Midas Touch Podcast. Jordy, why don't you take it away? Shout out to the Midas
Mighty. We will get it right.
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