The MeidasTouch Podcast - Trump Crumbles Fast and Gives Up in Public

Episode Date: April 23, 2025

MeidasTouch host Ben Meiselas reports on Donald Trump giving up in his reckless trade war in a very humiliating day for him. Keep American farming going by signing up at https://MoinkBox.com/MEIDASTOUCH RIGHT NOW and listeners of this show get FREE Wings for LIFE! Visit https://meidasplus.com for more! Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Coalition of the Sane: https://meidasnews.com/tag/coalition-of-the-sane Learn more about your ad choices. Visit megaphone.fm/adchoices

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Well, here we go again. Donald Trump is getting mocked by the entire world for caving once again to Xi Jinping in China. Again, showing that, guess what, Donald, you don't hold the cards. Usually someone who's out there saying, I hold the cards, you don't hold the cards. You often can call that a tell. You see some of these memes right here of Xi Jinping just laughing at Donald Trump and outmaneuvering him. So yesterday, Donald Trump held a press conference where he said the following. He said that the ultimate tariffs on China are going to be nowhere near 145%. Who would ever put 145% tariffs? That's too much.

That's what you said, Donald. Trump said it's going to come down substantially. It won't be zero. It's going to be more than zero, but we will see. And then he goes, I think we're going to be able to make a deal with China. This is after Donald Trump begged Xi Jinping and China to call and do something, but China held firm and didn't do anything at all. Also, Donald Trump, you know, he's seeing the bond market implode. He's seeing the 10-year treasury yields move closer to 5%, which is basically, I think, well, technically 4.5%, I think is Donald Trump's kind of pain point, but it could go higher. And so now he wants to

announce all of these fake deals. So one of the things that was announced is that they may have an agreement in principle with Japan on trade. It's an outline that they want to announce. But when you dig into the details again, it's just completely BS. And they're just once again, just making it all up. You know, if you looked at what went down earlier in the day yesterday, I think it was one of the most important things, and it seems like more market manipulation taking place. This is what was reported by Bloomberg, that Scott Besant sees de-escalation with China. Situation is now looking unsustainable. There was a private meeting that was hosted by JPMorgan Chase in Washington. It was not open to the public or to the media,

but Scott Besson was there and all of these hedge funds and private equity companies were there. Closed door meeting, an investor summit where Scott Besson said, the standoff as it is with China right now is unsustainable and he expects the situation to de-escalate. So one of the things we noticed early in the morning, despite all of this bad market data out there, the market was trading up and was doing well. So it was like, what was driving that?

Well, apparently there was a lot of insider information being exchanged during closed door sessions where Wall Street wins and Main Street gets absolutely screwed as inside information is being exchanged. right as markets had closed, saying, you know, I think that we want to maybe de-escalate this with China once the insiders made a lot of their money after the market crashed. You see that kind of cycle repeat itself over and over again. Here's another meme that I saw. Listen up, President Xi, I'm sorry. You know, there's a lot going on, though, because Trump's volatility, what Trump's causing to the markets, it's having real world impact. Yesterday, Intel announced that it planned to lay off more than 20% of its staff this week. ConocoPhillips plans major layoffs as part of its broad restructuring.

Then you take a look at what was happening with Tesla. Elon sounded extremely depressed on the earnings call yesterday after Tesla profits plunged 71% from this Gizmodo article. They explained how Musk's tone was noticeably downbeat. He didn't have the same carnival style salesmanship that often accompanies the public facing announcement for Tesla. He seemed very, very down. And there was a few accounting tricks that they did as well, where they sold some of these regulatory credits. But for that, they would have actually lost money this quarter. So Donald Trump in the Oval Office, let me just share with you, this is the moment where he talked about how those 145% tariffs were too high.

Very, very high, he said. Here, play this clip. Treasury Secretary Justin suggested that if the tariff rate is as high as they are now, it's effectively an embargo trade between the United States and China? I'm not sure. 145% is very high, and it won't be that high. It's not going to be that high. It got up to there.

We were talking about fentanyl, where various elements built it up to 145. No, it won't be anywhere near that high. What level do you think it will come down to? It will come down substantially, but it won't be zero. It used to be zero. We were just destroyed. China was taking us for a ride and it's not going to happen. We're going to be very good to China, have a great relationship with President Xi, but they would make billions and billions and billions of dollars a year and they would build their military out of the United States and what they made. So that won't happen.

But they're going to do very well. And I think they're going to be happy. And I think we're going to live together very happily and ideally work together. So I think it's going to work out very well. But no, it's at 145%. It will not be anywhere near that number. Oh, you know, I had to do it. Moink. Four companies control over 80% of the US meat industry. China now controls the largest portion of US pork. These companies are using mobster like tactics to crush American family farms. And with the additives they're putting into our food, Americans are stuck with sketchy meat. So what can we do about it? Let me tell you about a company that's coming up swinging on behalf of American family farms and your

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but for a limited time. Here's how you spell it. M-O-I-N-K box.com slash MidasTouch. That's moinkbox.com slash MidasTouch. That's minkbox.com slash MidasTouch. One of the things that Donald Trump said also, and this is, what's the expression? When a clown enters the palace, they don't become royal. The palace becomes a circus or something like that. I always get the expression wrong.

But, I mean, here's Donald Trump now bragging. He says that he brought egg prices down 93 to 94% since the regime took office. It's the most ridiculous lie. What do you think? Eggs were $84 a dozen. I mean, it's this 93 to 94%. It's just some of the most stupid lies that they tell. And again, it's just this over and over again, lie after lie after lie. Here, play this clip. But if you remember my first week, I was standing here, Paul, and they were screaming about eggs. The cost of eggs have gone through the roof. They were up like 500, crazy, like four or five times. And we won't have eggs for Easter. They were saying,

be no eggs. You can't order eggs. They wanted to sort of plastic in the shape of eggs. Well, yesterday we had 48,000 people at the Easter hunt. They call it the Easter roll at the White House. And we had all eggs. And as you know, the cost of eggs has come down like 93, 94 percent since we took office. And they're pretty much normally priced now. Great job. Our secretary of agriculture, Brooke Rollins, did a very good job. But groceries have come down. It's all coming down. The only thing that hasn't come down, but it hasn't gone up much, are interest rates. And we think the Fed should lower the rate. We think that it's a perfect time to lower the rate and would like to see our chairman be early or on time as opposed to late. Late's not the right time. Look, the Associated Press reported that U.S. egg prices increased to record highs this past week,

dashing hopes of cheap eggs by Easter. I mean, those are just the facts. You know, and the thing with this Trump regime also is, you know, the cruelty is the point. You know, there's all these distractions taking place as they're just screwing over, you know, marginalized communities, just screwing over workers, screwing over just regular folks, 401ks and pensions. Just to give you an example. So they say they want to abolish the Department of Education to get rid of education, but they still want to use the Department of Education starting May 5th to do a massive wage garnishment of millions of people who defaulted on their student loans. So they're doing a large-scale garnishment operation, but then gutting services like lunch and helping poor

kids and helping out kids with disabilities through the Department of Education. And then there's this also. So as RFK Jr., who runs HHS, Health and Human Services, goes on and he's been given all these speeches where he spreads lies about autism and vaccines, just horrific stuff that he's saying. HHS is planning to cut the National Suicide Hotlines program for LGBTQ youth. In February, the program received an average of 2,100 contacts per day. So that's what they want to focus on, too. The federal government plans to eliminate services for the LGBTQ youth who call 988 the National Suicide and Crisis Hotline. According to a Health and Human Services budget draft leaked last week, the budget first reported by the Washington Post would go into effect October if approved by Congress. Since the hotlines launch in 2022, callers have been able

to speak with counselors trained to work with specific at-risk populations, including LGBTQ youth who are four times more likely to attempt suicide than their peers. The service for LGBTQ youth has received 1.3 million calls, texts, or chats since 2022. In February, the program received an average of 2,100 contacts per day. It's just pure, unadulterated cruelty as RFK Jr. goes up and gives a press conference whining that his kids have food allergies. And why do his kids have food allergies? Here, play this clip. We have all these autoimmune diseases, these exotic diseases. Again, I never heard of juvenile diabetes, rheumatoid arthritis, lupus, Crohn's disease, and a hundred others that were just unknown when I was a kid. I never knew anybody with a peanut allergy. I never knew anybody with a food allergy. I never knew anybody with a food

allergy. I had five of my seven kids with allergies. I never knew of anybody who had eczema. I knew of a very small number of children who had asthma, but that has exploded as well today. You know, to me, the purpose of government is to help people, to protect people, to uplift people. And for the Trump regime, the purpose of government is to help one group, billionaires and oligarchs, and then to inflict pain and suffering on the rest of us. That's what their goal is. And so I think also these billionaire and oligarchs, it's just not enough for them to have one private jet or 10 private jets or 10 yachts. They also, to me, have a sick fetish of watching others suffer to compensate for whatever pathological, malignant, narcissistic, whatever, you know, as Senator Bernie Sanders says,

you know, there's, he's like, there's a mental illness of greed, he almost calls it. But part of that is this, the enjoyment of suffering of other people. We have to recognize that and we have to talk about housing. We have to talk about education. We have to talk about healthcare. We have to talk about making sure people can earn a living wage and they don't have to live paycheck to paycheck and that they can afford to buy a house, that you can afford to buy a house. Talking about health, talking about protecting your Medicare, your Medicaid, your social security. And we have to talk about those things. And MAGA and Right Wing, they want to distract us from all of those things. We won't be distracted here

at the Midas Touch Network and we'll keep fighting for you. Hit subscribe. Let's get to 5 million subscribers. New Midas merch drop. Check out the latest pro-democracy sticker packs, t-shirts, hats, sweatshirts, and more all at store.midastouch.com.