The MeidasTouch Podcast - Trump Just Caved at the Worst Time…

Episode Date: October 8, 2026

MeidasTouch host Ben Meiselas reports on Donald Trump’s sudden reversal on Iran, saying he will not pursue military operations and suggesting a deal could come before the midterms. Meiselas breaks down Trump’s latest statements and how he is trying to influence the markets as the election approaches. Go to https://Brodo.com/MEIDAS and use code MEIDAS to get 20% off your first order. Pre-order the new book from MeidasTouch, WTF America?!: The Way Out of This Hell and Back to Democracy, today: https://bit.ly/wtfamericayoutube Visit https://meidasplus.com for more! MeidasTouch relies on SnapStream to record, watch, monitor, and clip the news. Get a FREE TRIAL of SnapStream by clicking here: https://go.snapstream.com/affiliate/meidastouch/meidasnews?utm_campaign=4490308-affiliate2025&utm_content=customerpartner Support the MeidasTouch Network: https://patreon.com/meidastouch Add the MeidasTouch Podcast: https://podcasts.apple.com/us/podcast/the-meidastouch-podcast/id1510240831 Buy MeidasTouch Merch: https://store.meidastouch.com Follow MeidasTouch on Twitter: https://twitter.com/meidastouch Follow MeidasTouch on Facebook: https://facebook.com/meidastouch Follow MeidasTouch on Instagram: https://instagram.com/meidastouch Follow MeidasTouch on TikTok: https://tiktok.com/@meidastouch Remember to subscribe to ALL the MeidasTouch Network Podcasts: https://meidasnews.com/podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

My reg league goalie says he plays for the love of the game. You gave up six goals last week, Steve? Maybe play to win, huh? Like with Bet365. I get paid the second my team goes up big with early payout and can cash out at any time before the game ends. Steve, Bet365, the home of winning early. Must be 19 and older, Ontario only.

Please play responsibly. If you were someone you know is concerns about gambling, visit connectsontario.ca or call 1866-5-1-2-6-600. Terms and conditions apply. Surprise, surprise. Donald Trump caved yet again on Thursday morning as the price of oil surged 5% this morning as Treasury yields continue to surge to new record highs as well. Donald Trump posted the following message. We are having productive discussions with the Islamic Republic of Iran. I want to make it

clear to everybody that while Iran is in very bad condition, both economically and militarily, And while the blockade will remain in full force and effect, with oil flowing in record numbers of barrels through the Hormu straight, 22 million barrels last night alone with not one barrel coming from or going to Iran. We will not be attacking Iran at any time prior to the midterm elections to be held in the United States on November 3rd. Iran will not have a nuclear weapon. Now, if you look at Donald Trump's statement right there, there's already filled with lie after lie. 22 million barrels of oil did not go through the Strait of Hormuz last night. What did happen last night in the Gulf of Oman by the coast of Fujera, about 30 nautical miles east, Iran was able to strike a stationary tanker there earlier in the day yesterday.

Iran struck a tanker off the coast of Qatar, another state. tanker. In the past eight days, there have been about 15 tankers that have been struck by the IRGC. It costs about $1.5 million a day for these very large crude containers to be utilized to take the crude out of the Strait of Hormuz, and the captains are charging about $100,000 per day with a $50,000 bonus. the price of gas continues to rise, the price of diesel continued to rise. It's more market manipulation from Donald Trump right there. Now, the governor of the central bank of Iran this morning trolled Treasury Secretary Bessent. And in an interview, he said, tell Mr. Besson, we only have three days left.

Actually, he only has three days left. Tell Besson, he only has three days left. Iran's nuclear chief says Tehran will not give. up its rights to uranium enrichment or hand over its uranium stockpile. And this morning, Iran's foreign minister Abbas Araghchi said, the negotiations is still ongoing and messages are being exchanged through mediators. We presented our own proposal, which we called the seven-day plan, and also heard the American side's views on it. We are currently reviewing the Americans' views and I think we will provide our response within the next few days. Other major developments

this morning, the main airport in Riyadh, the King Khalid airport was struck by the Houthis, and this follows multiple other strikes this week by the Houthis Ansarala in Saudi Arabia in Abha and also in King Khalid that actually resulted in the death of numerous people in Saudi Arabia. but we're actually getting images right now of the Houthi strike that hit a stationary aircraft at the Riyadh airport in Saudi Arabia. You can see right there. We're getting Sentinel 2 satellite imagery confirming damage on fuel tanks at the massive integrated oil refinery and petrochemical complex located in Saudi Arabia. But sure, Donald, more oils getting out from the Middle East than ever before. That's why you are doing emergency drawdowns of the U.S.

Strategic Petroleum Reserve and Europe's diesel and crude petroleum, strategic petroleum reserve as well. Now, Iran's foreign minister, Aragchi also posted the following message after the U.S. Congressional Research Service updated its prior report showing that far more military aircraft were lost based on their assessment than what they reported just a little while back. This is what Iran's Foreign Minister Aragi posted. In May, the Congressional Research Service admitted that Iran's armed forces had taken out 42 U.S. military aircraft. Now, they're saying it's 81. The real toll is far higher.

Proof, Sencom won't let a sitting senator inspect bases it claims are fine. You can fool all of the people some of the time. That's right. The U.S. military has lost or sustained damages to 81 aircraft. during this catastrophic war with Iran, with losses valued at between 1.9 billion to 3.3 billion, according to the Congressional Research Service report that was just released, it updated its May report.

More than half were MQ9 Reaper drones, while the F-35 fighter jet and E3 Century Surveillance Aircraft and eight lightly damaged F-15 fighters were also included. When they say lightly damage, it reminds me like right now what they're saying in Saudi Arabia. They're saying the King Khalid airport was not struck by the Houthis. Like, I'm showing you the video of what it looks like. They said it was just drone debris that fell on elementary schools and medical centers here.

That's what actually went down. Lots of people in Saudi Arabia, U.S. citizens are saying they're not even getting alerts right now regarding the Ansarala Houthi strikes within Saudi Arabia. By the way, the reference by foreign minister Aragji to the U.S. Senator who was denied. access to U.S. bases. That Senator Chris Murphy, who was in the Middle East for a trip, and he requested access to Al UD, bases in Saudi Arabia and elsewhere, and Pentagon refused to give him access. Meanwhile, more clips are being released this morning of Donald Trump after he left that disastrous and bizarre event he held in San Antonio, Texas. In this interview, he continued to repeat that line where he's like, let them hit Los Angeles, let them hit a place.

place like San Diego. You know, and then you have all these corporate media people saying, what he's actually meaning to say is he wants to protect the cities. That's what he's saying. Anyway, this is what he said. This just got released this morning. Let's play it. The thing is, I had to do Iran because they would have had a nuclear weapon. And then you would have found out what problem. I say it all the time. Let's see what would happen. If they ever did something like to Los Angeles or San Diego, those seem to be the most prominent because of location and I'm talking about through missiles, that would be terrible.

And the thing like that happened, and then you want to see problems. Let them hit Los Angeles or let them hit a place like San Diego. Let them hit one of our major cities. That's called a problem. And then Donald Trump's like, people love data centers.

We need to have them everywhere. Trump's like, you know, you just got to tell the data centers, just tell the people in the community you're going to help them. Or, oh, the way you do, where you defraud people and you say, oh, I'm going to give you this

and I'm going to give you that. And then you just lie, you steal people's loaves of bread, then you dangle a breadcrumb in front of them, and then you never even give them the breadcrumb. Yeah, sounds like communism, authoritarianism to me. Here's what Donald Trump said here. Play this clip right here. Communicated the benefits well enough?

No, I don't think so. And I think what happens is the company should pay communities a lot of money, whether it's educational money or money directly to people that live there through like a dividend or something, and the data centers would be very popular. People don't mind that data centers. The problem with data centers, they're so good, and they're bringing our country so far advanced, but let the communities benefit.

And what I told the companies the other day, they have plenty of money, make contributions toward the community, and the communities will love them. Meanwhile, you have U.S. Secretary of State, Marco Rubio. He's in Portugal begging them to buy U.S. F-35s. That's where we've come as a nation, where he's got to, like, do a pitch. Please buy our F-35s. and not Sweden's Gripens or not other European fighter jets,

as we've been reporting on the Midas Touch network, a lot of countries do not view the United States, military equipment as reliable. If you buy an F-35, for example, you have to rely on U.S. maintenance. So there's a lot of people who are worried that the Trump regime puts kill switches into the airplanes or that they won't provide the maintenance,

or they'll use the military equipment as leverage in future trade attacks or other. attacks. But when Rubio was there, he was leaving Greece to go to Portugal, Rubio was asked about all these allegations about the ambassador to Greece, Kimberly Gilfoyle, Don Jr's ex-girlfriend, and watch how Rubio responds right here, play this clip. The other thing you on the reporting from the Wall Street Journal that Ambassador Gilfoyle had sought finance. Yeah, guys, let me tell you something. Okay, you guys are going to ask me this. You're going to ask

me again in Portugal. I know the game, okay? The game is someone gives information to a newspaper or in media outlet. The media outlet reports it. You immediately turn to me and say, I need you to respond to our reporting. That's not the way this process works. Like, our job is not to respond every time someone decides to give the media something

without any advance warning, without having any chance to look at it and see what's in there. That's not the way you run an organization, and that's not a serious way to conduct the policy of our country. So I'm not going to comment on a story that literally posted a few hours ago. I get the game, okay?

I've been in this for a long time. With an hour, some member of Congress will write you a letter demanding you answer questions to something we've never seen before. I don't even know if it's true or not true. So it's just not going to work that way. And it most certainly is not going to work that way when I'm sitting in another country. All right? Mr. Secretary, at the very recent IG investigation. I am, guys, I'm not playing this game with you, okay?

You guys write a story and then your editors tell you, big sure you get a comment from him on something we haven't seen. Okay, you guys are not going to be our only source of information in the world. I'm sorry to tell you that. And so I want you to understand. No, that's not the way the process is going to work. If you're busy like me and don't always fit in a nutritious meal during the day, you need to give this next story a listen. This podcast is sponsored by Brodo.

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I recommend trying their sampler pack so you can figure out for yourself which flavors are your favorite. I've started replacing my mid-afternoon snack with a cup of Brodo, and it honestly keeps me going through the rest of the day without a problem. I notice a huge difference in my day when I drink Brodo versus what I'm going to my day. when I don't drink Brodo. Shop the best broth on the planet with Brodo. Head to brodo.com slash Midas for 20% off your first subscription order and use code Midas for an additional $10 off. Once again, that's brodo.com backslash Midas for 20% off your first subscription order and an additional $10 off if you use my promo code, Midas. Meanwhile, Eric Dieters, who had those communications with Kimberly Guilfoyle, and were the text messages between Deeters,

and Gilfoyle that was turned over to the Wall Street Journal. He participated in the interview with the Wall Street Journal. Here's what he had to say this morning moments ago. Kimberly Guilfoil is a grifter. Kimberly Gilfoyle, I have no doubt, has done this to more than me. She's doing it right now in Greece. I know Corey Lewandowski did this stuff. I know Christy.

More from Dieter's over here play this clip. Is how they, along with their father, are getting rich. out in the open with crypto and everything else. President Trump said he hated crypto. His son's getting crypto. Now he loves crypto. In my opinion, Hunter Biden and Joe Biden were shadow grifters. The Trumps are in the open. I mean, they're all, it's the same thing being done in a different way. Jared Kushner, $3 billion fund from Saudi Arabia after he negotiates the Abraham courts. I'm a Midwest farm boy. I'm a good dude. I don't, I don't, I don't, I don't, I don't like their yuck yuck world. You couldn't pay me to go back to Marlago. Then you had J.D. Vans giving a deranged

speech earlier this morning in Washington, D.C. He was asked about Kimberly Gilfoyle. Watch what he had to say, play this clip. Thank you, Mr. Vice President. Do you have any reaction to a U.S. government official, in this case a U.S. ambassador, asking someone to pay off debt in exchange to access to other government officials? Well, so with that hypothetical, Jen, obviously, I don't love that, but I, you know, I don't know exactly who you're talking about. I don't know the full details. What I find with these stories is that you never want to comment in a purely abstract way because a lot of times the details really matter and the details in the context inform the reality of the situation. So, of course, I don't like anybody selling access to another government official, certainly a high-level government official.

But, you know, I assume you're talking about a specific case, and I can't say with confidence that the case you're talking about is actually reflective of the way you're describing it. No insults you, by the way, but context really matters on this stuff. So I'd like to get the full story before offering a real opinion. A good lesson for a politician is never speak about something. You don't have the full facts on. And I just don't have the full facts on that one. And then he was asked this question by reporters. How do you define socialism?

And he says, the way I guess I defined it in America. It's like that they want men to play in women's sports. Dude, what are you talking about play this clip? How do you define socialism personally? And why do you think socialist candidates are popping up everywhere across the country? Oh, man. You know, I guess it's honestly, it's a hard term to define these days because very often socialism, you know, classically, you would think socialism is about prioritizing workers. And yet, in reality, I guarantee that most of the self-described socialists running across

the United States of America are going to how about this announcement today, which is prioritizing American workers over foreign workers. So I don't know what the term means anymore. I think in reality, what it actually means in the American context is that you want to replace American workers with foreign workers and you want boys to play in girls' sports. That's what unites the socialists that I see running across the United States of America today. No wonder the American people are turning against this Trump regime and turning against them very quickly.

I mean, the MAGA people, independence especially. Take a look right here, for example. Let's zoom in on Ohio. Let's play this clip. Two percent. Look at Donald Trump's approval rating in the Buckeye state. He is down to 36 percent job approval in Ohio. A state he won three times, John, disapproval at 64 percent.

That is a minus 28 percent. point underwater situation for there. And just you noted what the 2024 presidential result was there, he beat Kamala Harris in Ohio by 11 percentage points just two years ago, John. So you are looking at a state that we have, over our careers covering American politics, has gone from a true toss-up battleground state

to a pretty red state, and we see it swinging back to this cycle a bit. Obama. Then you have Maga Mike Johnson openly discussing his plans if Republican lose the house in November as panicked MAGA Republicans privately plot his replacement.

One Republican told Fox News, Johnson is done. And this is what he told State regime media Fox this morning. Heaven forbid! If we lose this majority or whatever, I don't know what the next chapter of my life is. If God moves on our hearts and says

we should, you know, go back to my hometown of Shriverport and start a lawn business, I'll do that with equal fervor. I mean, I just want to be of my highest and best use to God and to my country till the very end, using religion to deceive and manipulate and now to play the victim. Talking about playing the victim, the Midas Touch Network exclusively reported this morning how all these Maga Republican candidates, I kid you not, are begging donors to help fund their fuel costs because the fuel costs are so expensive. As gas prices soar and mid Donald Trump's war in Iran, Republican Senate candidates are asking their own supporters, please donate money.

Like, look at this from MAGA Republican Senator Dan Sullivan in Alaska. He says, To continue ushering in Americans' golden age, here's what I need. Your donation will instantly go to fund things like pay for gas as we visit isolated rural areas of Alaska. Yeah, people can't afford their own gas because of people like you, Dan Sullivan.

and you're begging for money to pay for your gas? Are you kidding me? Then you had Susan Collins who did atrocious in that main debate. Did you see that hat tip Troy Jackson? He really did a good debate, Troy Jackson. Susan Collins says, organizing a tour of this scale takes a lot of coordination, enthusiasm, and quite literally fuel.

So she's saying, can you donate money for fuel? Meanwhile, you take a look at this latest exclusive from the New York Times. the depths of depravity of the Trump regime. So Donald Trump put in Mark Levins' stepson to hold a major diplomatic position in Israel and be a top aide to Ambassador Mike Huckabee. And the guy's name is David Milstein. He's also the guy who we reported who was having a wedding and he was asking to take in like donations for his wedding.

Remember that? Well, a top aide, David Milstein in Israel to Huckabee, has been systematic. systematically suppressing and rewriting embassy reports and cables to portray Israel favorably. He killed an urgent cable warning that Israel's record settlement approvals potentially violated Trump's own red line against West Bank annexation. He rewrote reports on deadly chaos at the Gaza aid distribution sites to declare the operation of success while omitting mass casualties, block detailed reports on investigations into nine Palestinian Americans killed by settlers, soldiers, Stonewall and Congressional Inquiries, and you can go on and on and on over there.

And then while all of this is taking place, Donald Trump bought up $25 million in meta and millions in SpaceX debt in August. As Trump manipulates the markets, and this morning, as we saw the markets tank, as we saw treasury yield surge, as we saw gas rise 5%, as we saw Iran-Strakes. striking more tankers in the strait of Hormuz, as very little tankers were getting out. Not 22, he's making up 22 million barrels. No, it's probably about 8 to 10 million barrels are getting out. And then the cost of getting those barrels out, as I said, from the very large crude container strips are like $1.5 million a day.

Trump bought up 25 million in META and millions in SpaceX debt in August. That's what he's focused on. as much as 5 million in SpaceX, two days before he signed a sweeping policy aimed at expanding U.S. commercial space transportation. And by the way, think about the message he sends to Iran right now. Iran, you've got 30 days. Do whatever you want. We are not going to strike before the midterms. So free reign over there. And by the way, the U.S. only has one aircraft carrier in the region. the USS George Washington, the George H.W. Bush is in Puket, Thailand right now. One of the reasons Iran's escalating is that they wanted to call Trump's bluff.

They wanted to push him in a corner. They wanted to see how he responded. And he responded, as you just saw. There you have it. Let me know what you think. Hit subscribe. Let's get to 7 million subscribers. Thanks, everybody.

We appreciate you. Before you go, our book, WTF America is available for pre-order now. It's the story of how we got here. how we fight our way back. To pre-order, scan the QR code, or click the link in the description. Let's do this. My rec league goalie says he plays for the love of the game. You gave up six goals last week, Steve? Maybe play to win, huh? Like with Bet365, I get paid the second my team goes up big with early payout and can cash out at any time before the game ends.

Steve, Bet365, the home of winning early. Must be 19. older, Ontario only. Please play responsibly. If you were someone you know is concerns about gambling, visit connectsontario.ca or call 18665 through 1,2,600. Terms and conditions apply.