The MeidasTouch Podcast - Trump Inflicts Carnage on Himself and Crashes It All

Episode Date: April 9, 2025

MeidasTouch host Ben Meiselas reports on Donald Trump causing carnage to himself and to America as he gets more deranged by the minute. Visit https://meidasplus.com for more! Learn more about your ad choices. Visit megaphone.fm/adchoices

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please contact Connex Ontario at 1-866-531-2600 to speak to an advisor free of charge. BetMGM operates pursuant to an operating agreement with iGaming Ontario. Just take a look at this scene. Last night, the futures markets are crashing as Donald Trump imposes 104% tariffs against China. China doesn't back down. Donald Trump is speaking at this black tie event for the National Republican Congressional Committee. Donald Trump looks like he's on the Titanic that is sinking. He's got his little teeny tiny hands on the podium. And Donald Trump speaks to the MAGA Republican Congress members and he says, everybody, what are we going to call Joe Biden?

Should we call him crooked or should we call him sleepy? Here, play this clip. Do I call him Sleepy Joe or Crooked Joe? Could we take a vote, please? Who wants to call him Crooked Joe? Who wants to call him Sleepy Joe. That's my problem. It's like the same. They both work. They both work beautifully. As Donald Trump was doing that,

we also learned from Usha Vance, who gave her first interview, that her husband's world can be very lonely. The second lady gave her first interview since J.D. Vance assumed the role, and she described it all as very, very lonely. Just let him hang out with the couch, Usha. Let him hang out with the couch. Sorry, back to Donald Trump here. Donald Trump speaking to the National Republican Congressional Committee dinner. He's like, aren't these tariffs great? All these countries have to kiss my ass here, play this clip.

And the history of our country. And don't let some of these politicians go around saying, you know, because I'm telling you, these countries are calling us up, kissing my ass. They are dying to make a deal. Please, please, sir, make a deal. I'll do anything. I'll do anything, sir. And then I'll see some rebel Republican, you know, some guy that wants to grandstand. So I think the Congress should take over negotiations. Let me tell you, you don't negotiate like I negotiate. As I've said before, Donald Trump's Liberation Day, as he calls it, which is actually Annihilation Day, Liquidation Day, or Great Depression Day. It's all about his ego. It's all about the authoritarian

playbook to make countries have to go to him to beg him, please, can I get an exemption? Please don't put the tariffs on me. Makes businesses run dim. Please, I need help. I need an exemption. Can you please help me have to do the walk of shame to Washington, D.C. or Mar-a-Lago. And authoritarians like when their people are suffering. Like, do you think Kim Jong-un is upset that people in North Korea suffer? You think Putin cares that he sends Russians into the meat grinder of war in Ukraine? Do you think that he cares that people are suffering economically? No. Authoritarians like when their people are suffering because then you can give breadcrumbs. You don't want people to be economically independent or independent at all when you're an authoritarian. And Trump is following that playbook to a T. We as the United States went from back to back under former President Biden, 20 plus percent or 20 percent plus growth in the markets, equity markets, the Goldilocks economy. The Wall Street Journal called the economy under former President Biden the envy of the world to this.

America's equity markets, stock markets, the worst in the world right now, and tanking the entire world economy with it. As Donald Trump also says, you know, just trust me. I'm telling you, I know what to do. I know how to do deals. I'm a good deal maker. Let's just take a look at what's been going on. The Germany economy minister, Robert Habeck, says the U.S. calculations for their tariffs are nonsense. The U.S. is now in a position of weakness, will hurt their pharmaceuticals. The EU Commission proposed 25% counter tariffs on U.S. imports. Prime Minister Mark Carney of Canada announced that starting today, there will be 25% tariffs on certain categories based on the Trump regime's behavior. The futures right now are getting absolutely bulldozed.

We'll see where the market opens in just a little bit. But Trump tanking the economy. And again, yesterday went from the markets actually doing decent in the day, or as Senator Mark Warner from Virginia put it, it was kind of like a good day at the hospice, making that analogy to Trump's economy. But then Donald Trump said, no, I'm opposing 104% tariffs on China. And then Trump crashed it all. And then at his speech last night before the National Republican Congressional Committee dinner. Donald Trump then talked about how he wants to put tariffs on pharmaceuticals, that I'm going to go after the pharmaceuticals now. It's like, can we go one day without this idiot talking about

tariffing things? Here he is. Let's play it. We're going to tariff our pharmaceuticals. And once we do that, they're going to come rushing back into our country because we're the big market. The advantage we have over everybody is that we're the big market. So we're going to be announcing very shortly a major tariff on pharmaceuticals. And when you and when they hear that, they will leave China. They will leave other places because they have to sell most of their product is sold here. We did it, J.D. We did it, Lonely JD. You see that graphic right there. Also, one of the things that we learned is that Marjorie Taylor Greene, buying lots of treasuries and making a lot of odd stock purchases and sales kind of right before the

market started tanking and crashing. Doesn't really surprise me when it comes to Marjorie Taylor Greene. Right now, Apple's taking like emergency flights to try to put planes full of iPhones, as they're going to be a run on iPhones right now. And Apple's getting crushed because of the tariffs Donald Trump put on Canada, I mean on China and China's retaliation. Also, one of the things that we learned yesterday is Donald Trump's DHS, Department of Homeland Security, just ordered the migrants who were temporarily allowed to live in the U.S. after using the Biden-era CBP One app, that they're ordered to leave the country immediately. More than 900,000 people were allowed in the country using the CBP One app since January 2023.

A lot of these people are family members of Trump supporters, Venezuelans for Trump, Cubans for Trump, Latinos for Trump. And now they're being threatened. Self-deport now or else you can end up in concentration camps in El Salvador. Self-deport now or you can end up in ICE detention centers. No due process will throw you with Nayib Bukele's authoritarian regime in El Salvador. That's the message from the authoritarian Trump regime. But Donald Trump last night says this is the most successful 100 days yet of any administration in history. Here, play this clip. I had somebody say the most successful

month, first month in the history. Now they said the most successful 100 days in the history of our country. And I believe that's right. And we're going to continue that way, if not more so. And we're going to do tremendously in midterms. There's no one of the things that I don't want to forget as I report on all of this as well is that federal spending has not gone down at all. In fact, federal spending right now, despite all the wrecking ball that Trump and Musk took to the federal government and the hostile takeover, federal spending is higher. Donald Trump wants there to be a $1 trillion military budget. Of course, that's going to add to the debt. It's going to add to our growing deficit.

Trump added $8 trillion to the deficit his first term. I predicted $25 to $30 trillion, perhaps more. So government spending's not down, government spending's up. Let's not forget also that Elon Musk was just awarded basically a $6 billion contract for SpaceX by the federal government. And this is on top of Elon Musk being awarded lots of money by the FAA as they gut these agencies. Surprise, surprise, Elon Musk's companies are filling the void. Also, Jeff Bezos got, I think, over $2 billion from the federal government, from space, from the federal government as well. Take a look at this headline from Bloomberg.

Stagflation is now America's best case scenario. Stagflation is crashing GDP and high inflation. That's stagflation. They're saying that this is the best case scenario. Trump's tariffs risk is a brutal combination of recession and inflation. The president's attack on free trade is truly extraordinary in scope. The impact will be devastating over the next six months. Annualized inflation will likely climb to nearly 5%. Also, lots of experts predicting about 2 million job losses over the coming months as the effects of these tariffs start to kick in as well.

I think one of the ways I visualize what's going on with these Trump tariffs right now, the fact that it's crashing the markets and the GDP is contracting so soon, I think is shocking in how fast this hit. But basically, from an economist's perspective, you know how when a tsunami hits, the shore basically recedes, recedes, recedes. And most people who understand what that means would tell you, oh, a tsunami is coming. That's what's happening right now. The damage is done. So now it's waiting for this economic tsunami, stagflation, recession, Great Depression to swarm over the country right now. But as our editor in chief, Ron Filipkowski, says, OK, Trump's wrecking the economy.

But at least we have RFK Jr. in charge of public health. The Center for Disease Control and Prevention's team of lead poisoning experts remained off the job Tuesday, a week after they were first laid off by Health and Human Services Secretary Robert F. Kennedy in sweeping cuts to the nation's public health agencies. Cut to the CDC's branch responsible for investigating and preventing lead poisoning has brought multiple efforts to help local health authorities to a virtual standstill. Current and laid off agency officials say, including for lead poisoning responses that could have helped children in Milwaukee and on an American Indian reservation.

So quite literally, Americans are dying of lead poisoning because we've fired the workers who are in that field. And we're going to see this in all other aspects of government as well. Oh, and on international foreign policy, many experts internationally say the U.S. is now on course to potentially be at war with Iran coming soon based on the threats that Donald Trump has been making lately. What does Donald Trump and lonely J.D. Vance say? Are you happy yet? Are you happy? Say thank you. Say thank you. Say thank you. This is a deranged and demented authoritarian regime led by Donald Trump, a sexual predator, a criminal, a felon, someone found liable for fraud, a bankruptor. The world sees it. The world stands up and resisting.

Tens of millions of people here in the United States are resisting. Trump's approval is plummeting. MAGA people, Republicans, are pissed off at Donald Trump. There's a mini revolt happening, which I think is growing and gaining steam amongst MAGA Republicans in the Senate. We've seen MAGA Republican Rand Paul speaking out against Donald Trump. MAGA Republicans in the House know the disaster Donald Trump is causing, but they're too weak and obsequious to say anything as well. But I think we see change shifting. And as Donald Trump continues to crash our economy, we'll see what happens with the markets today. But this is a Trump depression or recession or whatever we're

heading into. Trump chaos. This is one of the first, if not one of the first ever manufactured recessions or great recessions actually done, looks intentionally and maliciously. And I think it's for the reasons that I said earlier in the video. It's right out of the authoritarian playbook. Let me know what you think. Go to store.midastouch.com as well. Lots of people say, where can we get the Midas gear? Store.midastouch.com. Also go to MidasPlus.com. We're heading to a million sub stack subscribers. Go to MidasPlus.com, subscribe to our sub stack. It would be amazing. Thanks for watching. I have a lot of videos. We have a lot of videos coming today. I got a video on Canada, a video on Germany. I interviewed Democratic Congress member Neguse. You check out my

Cory Senator Booker interview yesterday. We got a lot going on, a lot of info. Hit subscribe. Let's get to 5 million subscribers. Thanks for watching. as merch drop check out the latest pro democracy sticker packs t-shirts pads sweatshirts and more all at store.midastouch.com