The MeidasTouch Podcast - Trump’s SCORCHED EARTH Plan BACKFIRES in HIS FACE

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Starting point is 00:01:44 Because I don't want to be Herbert Hoover. The one months, because I don't want to be Herbert Hoover. The one president, I just don't want to be Herbert Hoover. You know, I know there's a lot of news. So perhaps you forgot that Donald Trump said that he was rooting for our economy to crash. And then he went on Fox and he was asked by Brett Baier about it and then doubled down. Here, play this clip. You said this week in an interview that if there's an economic crash, that you hope it happens now. Yeah.

Starting point is 00:02:10 Over and over again, Donald Trump has been rooting for our economy to crash. And not only that, Donald Trump has been trying to provoke an economic calamity in this country. Remember Donald Trump and the MAGA Republicans actually engaged in economic terrorism at the beginning of the Biden-Harris administration, and they encouraged MAGA people who were at the Canadian border to block the bridges to try to stop trade from taking place. And as Governor Abbott was trying to do that in Texas as well, actually trying to cause harm on our economy. And just think about it recently, Donald Trump,

Starting point is 00:02:53 just two weeks ago, was rooting for our economy to crash. When there was one bad day in the stock market, one bad day, Donald Trump was basically bragging and trying to stoke fears versus doing what a leader of a political party should do, which is to say, look, we're all Americans here. We all need to come together. It's important that our economy does well. Not Donald Trump. Donald Trump said, stock market's crashing.

Starting point is 00:03:19 I told you so. Kamala doesn't have a clue. Biden is sound asleep, all caused by inept leadership. And then Donald Trump continued to make posts like that, all caps, saying that the stock market is crashing, our economy is crashing, which is not the case. I mean, look, the Dow Jones, S&P, and NasdaQ had the best week since November of 2023. I can show you various charts and graphs if it makes it easier. Here is the stock market under President Biden and Vice President Kamala Harris compared to Donald Trump. And all the right-wings say it was the best

Starting point is 00:04:02 economy. The stock market was never as high as it was under Donald Trump. It's up like 50% now than it was when Donald Trump was in office. Here's another chart if this one helps show you where the Biden-Harris stock market is versus where the Donald Trump stock market was. And if you want to remember what the headlines were at that time, it was when Donald Trump was in office. It was that U.S. unemployment was the worst since the Great Depression. Donald Trump, you are Herbert Hoover. You're the only other president other than Herbert Hoover to actually lose jobs. But just take a look at what Donald Trump's been saying over

Starting point is 00:04:41 and over again. So you can see that this is just simply part of his plan. This is what he does. So here, Donald Trump was talking about how, you know, the economy is going to crash and then Fox actually removed the chyron at Donald Trump's press conference from this past week. Here, play this clip. Agonize. And these are animals, and we have to get them out of our country, or we have to put them in jail because we don't want... Here, Donald Trump continues to... This was two weeks ago in Nashville, Tennessee, where Trump continues to do these threats. If you don't elect me, the stock market's going to crash.

Starting point is 00:05:21 It's going to be a 1929-style depression. You wait and see. He's just running on fear. Here, play this clip. Many people say that the only reason the stock market is up is because people think I am going to win. Did you ever hear that? But there was one day a couple of weeks ago when they weren't thinking that, and you saw what happened. This will be a 1929 style crash.

Starting point is 00:05:52 You know, I have one. But take a look. That was Donald Trump saying that two, three weeks ago. Look what he said, though. October of 2019. October 2019, Donald Trump writes on Twitter then, our record economy would crash just like in 1929 if any of those clowns became president. This is his hustle.

Starting point is 00:06:12 This is his scam that he repeats over and over again. Then what Donald Trump tries to do when the stock market is up, he goes, oh, that's because of me. If the stock market is down, you should have listened to me. Heads I win, tails you lose. And it's the same hustle over and over again. And it's spread by his right wing propaganda network. So take a look at this. Larry Kudlow suggesting that the stock market was getting record highs because of Trump's platform. Here, play this clip. But you cannot have Trump's growthy platform without Trump. And I think that's had a big impact on the stock market.

Starting point is 00:06:51 Just in the last two days, it's up over a thousand points, almost out of the blue. And so I think the God's gift that Senator Britt talked about, people of faith come to this easily, I think it's having a major impact. It ripples throughout the country. People are saying there's a sigh of relief. I mean, I think they're rooting for him. Completely different from what might have been two, three, four years ago. Yeah, you know, and Larry. Here, Donald Trump writes, this is the Trump stock market because my polls against Biden are so good that investors are projecting that I will win and that will drive the market up, then Donald Trump wrote on July 16th.

Starting point is 00:07:32 Dow Jones up 742 points based on the fact that the market expects a Trump win in November. Nice compliment. Thank you. Remember during the debate between Donald Trump and President Biden from 2020, when Donald Trump said that the market was going to crash if Biden got elected? Play this clip. They said the stock market will boom if I'm elected. If he's elected, the stock market will crash. Hey, Midas Mighty. So a little while ago, we had the idea that we wanted to sell the best pro-democracy merchandise in the game for the Midas Touch Network. And candidly, we had the idea that we wanted to sell the best pro-democracy merchandise in the game for the Midas Touch Network. And candidly, we had no idea where to even get started.

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Starting point is 00:10:11 Play this clip. And you know, the stock market is going good. You know why the stock, because the economy is horrible, except for the stock market, because everyone thinks we're going to get elected, and that's why they're doing it. These are very smart investors. If they see a bad poll, you're going to see some bad numbers.

Starting point is 00:10:29 Or if you see a bad result tomorrow, you're going to see some very bad numbers. But they're running on the fumes of what we did in every way, including oil. We produced things that nobody ever thought possible. But the day after the election, they gonna turn it all off you watch but the stock markets running on fumes and the stock market literally every single time you see good polls coming out from that stock market goes crazy so I want to just congratulate all of you investors but you better hope I win because otherwise you're gonna be here's Donald Trump in Iowa saying that if he's not elected, there will be a depression. Play this clip. Greatest of all and others that say the stock market's going up because they think Trump

Starting point is 00:11:15 is going to be elected. And if Trump isn't elected, this country is going to go into a depression the likes of what you had in 1929. And I hope that's not true but i can understand it and i can understand what they're saying the stock market gain they think is because looks like we're going to win the election and i don't know what's going to happen with the election you know they cheat like hell and i don't hear donald trump does it again where he says um he criticizes biden on the economy before and then he tries to take credit for the economy, but then says there will be a depression, the likes of which you haven't seen since 1929.

Starting point is 00:11:51 Play this clip. I'll tell you, if I'm not elected, I think we're going to end up in a depression like in 1929, because, you know, have you ever noticed every time a good like all the polls now say that I'm beating him? But this was on Morning Joe where they were talking about, you know, having someone like Donald Trump rooting on economic turmoil. Play this clip. Seldom do you have parties as stupid as this current Republican Party led by Donald Trump. You now have Donald Trump rooting. We saw what Larry Kudlow said. We see we saw we see what the editor emeritus of The Wall Street Journal editorial page has said. The U.S. economy was the winner of 2023. It has stormed into 2024, doing better than any economy

Starting point is 00:12:36 in the world, major economy in the world, and just crushing China right now. And yet you have Republicans wanting to do two things. One, Donald Trump has said he wants the economy to crash. He wants a depression to come. He wants Joe Biden to be Herbert Hoover. He wants people's livelihoods and their retirements destroyed. He said it to Lou Dobbs so he can be elected president of the United States. And then just take a look at Donald Trump's stock, because if you want to see how Donald Trump would run the country, just take a look at how he's been running Trump media. Far less complicated and complex than the American economy. Here's Trump media down 52%. Think about that. Whereas our stock market is up about 50% since Trump left office, Donald Trump's stock is down 50% in a thriving stock market environment over the past six months

Starting point is 00:13:39 alone. Over the past month, Donald Trump's stock is down 37%. Now, imagine if that was the American economy. Imagine if Trump ran our economy the way he runs his businesses. And so for any of you who maybe have friends who still believe that Donald Trump is a good businessman, I always like to show you this one right here because I think this says it all. And this is in Trump's own words because he had to make a financial disclosure when he brought Trump media public. So let me just share with you all the history of Donald Trump's bankruptcy. So if anyone says, oh, well, he would run all of his businesses really good. Okay,

Starting point is 00:14:18 really? Take a look at this. This is from the Trump media disclosures. A number of companies that were associated with Trump have filed for bankruptcy over the years. Entities associated with Trump have filed for bankruptcy. The Trump Taj Mahal, which was built and owned by Trump, filed for Chapter 11 in 1991. The Trump Plaza, the Trump Castle, and the Plaza Hotel, all owned by Trump at the time, filed for Chapter 11 in 1992. THCR, which was founded by Trump in 95, filed for Chapter 11 bankruptcy in 2004. Trump Entertainment Resorts, Inc., the new name given to Trump hotels and casinos after its 2004 bankruptcy, declared bankruptcy in 2009.

Starting point is 00:14:58 While all of the foregoing were in different businesses than Trump Media, there can be no guarantee that Trump Media's performance will exceed the performance of those entities. And then it goes through the list of all of the companies that Donald Trump had licensing deals with that failed. Trump Shuttle failed. It defaulted on its loans. Trump University was sued out of existence in 2005. Trump Vodka, failed. Trump Mortgage, failed. GoTrumps.com, failed. Trump Stakes, failed. You go through all of these entities, failure after failure after failure. And that's just how Trump runs things.

Starting point is 00:15:37 I'll show you this. I spoke with my friend Congressman Eric Swalwell soon. And Congressmember Swalwell said, Ben, Donald Trump couldn't even get a job anywhere in the United States. Why in the world are Republicans having him as their leader? He couldn't even get a job. And we did this, I thought, funny exercise where he was like, Ben, I want you to interview, we've got a friend who's bankrupted all of his companies, who was found liable for sexual assault. Would you want to hire him? Here, watch this clip. If I called you and I was like, hey, Ben, buddy, I've known you for 20 years and I know you have a growing company and I was hoping that you would hire a friend of mine in need,

Starting point is 00:16:17 you would be like, yeah, sure. What is your friend, what are his qualifications? And I said, well, Ben, he's a convicted felon, but, but, but it's only 34 felonies and he's a rapist, but, but I think you may be able to help him out. He's only been bankrupt six times. And Ben, I should tell you, because it'll probably come out, the last office from which he was fired,

Starting point is 00:16:44 he sent his friends to violently storm it. If I told that to like any friend, as people always call and say, hey, can you consider hiring somebody? They would look at you and say, like, are you crazy? Like no one's hiring this guy. So like, why? Why are we going to hire? And so, again, it's just so basic. And I think we're best when we're basic in our message. So then I go to you. All right, Eric, Congress member, look, we're friends. I'll I'll take the phone call. Thanks, Ben. So I finally I take the phone call and then he goes, have you seen Kamala? She's on the cover of Time magazine. I go, hang up.

Starting point is 00:17:22 I mean, look, this speech earlier in the day, he's whining that Vice President Kamala Harris is on the cover of Time magazine. I go, hang up. I mean, look, this speech earlier in the day, he's whining that Vice President Kamala Harris is on the cover of Time magazine. Here, play this clip, Jeremy. And then they decided to get politically correct. We have to put her in. They put her in. And now they're putting her on the covers of Time magazine with an artist sketch. They don't use a picture. They don't use a picture. They use an artist sketch. I want to use that artist. I want to find that artist. I like him very much. So play it out with me, Congressman. So he does that and then I hang up and then I go, Congressman, this guy, you go, Ben, just give him, you say, you say, give him one more call.

Starting point is 00:18:02 I say, Eric, I'll give him, I'll give him one more call. And then this is what he says to me. Here, play this clip. And actually, she looked very much like our great first lady, Melania. She didn't look like Camilla. That's right. But of course, she's a beautiful woman. So we'll leave it at that, right?

Starting point is 00:18:32 Yeah. Not getting hired is how this would go down on any phone call like that in America. I thought that was just spot on. So look, all Donald Trump has is fear, trying to stoke fear, attack our economy. But look, the economy is doing good right now. Don't let him psych you out. Know what his game plan is. You see it right there. And we can just see that his strategy is just always the same. Hit subscribe. Let's get to 3 million together. Thanks for watching. Love this video? Make sure you stay up to date on the latest breaking news and all things Midas by signing up to the Midas Touch newsletter at MidasTouch.com slash newsletter.

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The MeidasTouch Podcast - Trump’s SCORCHED EARTH Plan BACKFIRES in HIS FACE

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The MeidasTouch Podcast - Trump’s SCORCHED EARTH Plan BACKFIRES in HIS FACE

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