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The MeidasTouch Podcast

MeidasTouch Full Podcast - 5/8/26

08 May 2026

Transcription

Chapter 1: What recent events escalated tensions between the U.S. and Iran?

0.25 - 25.033 Ben

moments ago donald trump had the united states military carryout strikes on iran's kashin port and bandar abbas and manab we will discuss what's going on there iran retaliated uh striking back at three naval destroyers We'll give you the latest information. In addition, you had the president of Brazil having a visit to the White House today.

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25.053 - 44.905 Ben

This meeting was supposed to take place before the press. It never took place. We'll explain how this press conference went sideways before it even began. Over the past 48 hours, we've seen more cover-up of the Epstein files by the Trump regime. Howard Lutnick refused to sit for an under oath deposition on video.

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44.966 - 65.903 Ben

Instead, Donald Trump, Lutnick, James Comer, Maga Mike, all colluded together to have Howard Lutnick give a transcribed interview, not on videotape. And they're like not releasing the transcription right away either. It's a total and utter cover-up. People described Lutnik as being sweaty, that he kind of looked all over the place and flustered.

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66.244 - 88.356 Ben

He said he didn't know how he even got to the island, as though he just kind of magically appeared. We'll explain what happened there. Meanwhile, we've now also learned that the MAGA Republicans are using this time while Congress is in recess to try to sneak in $1 billion from taxpayers in a reconciliation bill to fund Donald Trump's Golden Ballroom. Let me repeat that.

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88.856 - 107.055 Ben

$1 billion of taxpayer money going to, quote, East Wing Modernization Project, as though they think we don't realize that means ballroom. Meanwhile, you have Donald Trump talking about the UFC fights, the new golf courses he wants to build in Washington, D.C., triumphal arches.

Chapter 2: What happened during the canceled press conference with Trump and Lula?

107.035 - 129.28 Ben

while the American people suffer, while the U.S. launches new military strikes in Iran and then says, whoa, whoa, whoa, we still want the ceasefire. We're just doing this because whatevs. I'll explain to you why they're doing it, though, in one moment. The American people are feeling the effects of Donald Trump's war crimes, of him and Netanyahu's catastrophic war in Iran.

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129.26 - 151.048 Ben

Prices are through the roof. People can't afford gas. People can't afford groceries. People can't afford their rent. Foreclosures now up 27% year over year. People are struggling having their health care ripped away while the Trump regime continues to inflict more pain, more suffering on the American people. Meanwhile, the Trump regime.

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151.028 - 171.231 Ben

engaging in more trade with Russia than ever before, bringing in lots of fertilizer from Russia right now. No tariffs on Russia, no sanctions, really. The sanctions being removed on Russia. So Russia, Donald Trump, Marco Rubio,

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Chapter 3: How is the Trump administration involved in the Epstein files scandal?

171.211 - 190.789 Ben

The entire Trump regime focused on building those relationships, which are not helpful to the United States at all. There was a big meeting, though, in Yerevan, Armenia, which is a pretty significant location given their prior affiliations in the kind of Soviet bloc back in the day.

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190.769 - 213.553 Ben

But Europe held their political community meeting in Yerevan, Armenia, showing that Europe's united and extending and expanding. Prime Minister Carney was attending as well, the first time a non-European leader was attending there. You see lots of alliances and relationships forming while Donald Trump's America First means America all alone, the Epstein class alone.

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213.533 - 242.055 Ben

isolating the united states from the world we'll talk about this and more on the midas touch podcast brett and jordy great to see you before we went live we learned about the united states striking in iran iran responding with attacks on these u.s naval ships this is a rapidly developing story and we'll talk about why i think this is happening but i think they're doing it in service of saudi arabia and kuwait and the uae and all these countries who were

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242.035 - 269.19 Ben

blocking their air bases and airspace to the united states after trump launched this disastrous project freedom and didn't notify them and then basically said oopsies when iran struck the port fujairah in the uae earlier in the week and the uae ship in the south korean ship and so i think trump to get them to reopen the airspace and their air bases which they've now done he's like all right i'll strike them symbolically symbolically this will be part of the game

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269.17 - 275.577 Ben

Americans don't want these games. Americans are sick and tired of this Epstein-class shtick. Brett and Jordy, how are you?

275.597 - 295.32 Brett

Doing well. It's good to be here, Ben. Good to be here, Jordy. Good to be here. Might is mighty. I guess it is Schrodinger's war. Is the war on? Is the war off? I guess it's all in the eye of the beholder. Who knows? Donald Trump is now calling these strikes love taps. That's the phrase that he's using. He always uses the most demented language possible to describe these sorts of actions.

295.42 - 316.891 Brett

But you just see that there is just no thought going into any of this. It's kind of act now and then deal with the consequences later. It's been that way since the start of this war, which Trump claims is both over and also that he's still continuing. And the messaging is all over the place. None of it makes any sense. Every single day you're getting these headlines from the press and from U.S.

316.911 - 335.355 Brett

officials and from Trump that says we're closing in on a deal. A deal is very close. A deal is imminent. We are moments away from a deal. It's been BS now day in and day out. I am sick of the constant reporting, just laundering the messaging of these US officials who are so blatantly lying.

335.755 - 349.33 Brett

And man, how far has the US fallen where we have to look at what Iran is saying, what the Iranian regime is saying, to try to get some semblance of the truth. And I'm not saying that everything they say is truthful, not by any means.

Chapter 4: What are the implications of Trump's military actions in Iran?

562.989 - 587.18 Ben

So Barack Ravid goes, I'm not intentionally doing it. All right, well, you should be aware that it's clearly... If I'm aware and most Americans and most people in the world are aware that your posts are moving the market dramatically and right before you make your post and right after there's unusual trading volume and you may not know Barak Ravid that should probably concern you.

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587.26 - 611.398 Ben

Maybe I'm being used. So I'm frankly not sure what's worse, you doing it intentionally or you thinking, are you not realizing that this is actually what's happening, but continuing to do the same damn thing. I'll let people make their own judgments, form their own opinions about it. But you know, this week began with Donald Trump saying project freedom.

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611.378 - 636.489 Ben

They tried to sell us that epic fury is over. Why? Because we were approaching the 60 day mark where Trump needs authorization from Congress. So epic fury is over success. And now we've moved on to entirely new thing, right? Hegsith and Rubio both held press conferences and said that this is separate. This is a new thing. This is a humanitarian operation called Project Freedom.

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636.83 - 654.147 Ben

We're sending our ships in the Strait of Hormuz. We're going to escort these tankers out already. We've helped escort 100 tankers out, they said, like just totally lied, like made up a number. And then you had CENTCOM and others have to walk that back and go. Actually, Project Freedom is defensive.

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654.247 - 667.049 Ben

It's more of a coordination, and we're going to provide updated data to ships, to insurance companies. But it's not actually going into the Strait of Hormuz. But Trump made it sound like we're going into the Strait of Hormuz.

Chapter 5: What are the financial implications of the U.S.-Iran conflict on Americans?

667.069 - 685.891 Ben

Then Iran saw it seemed like the United States naval assets were heading into the Strait of Hormuz. And so Iran saw this escalatory ambiguity. And so I guess the cease fires off. So Iran sees a South Korean ship, a UAE ship, looking like it's going to try to get around Iran's control over the Strait of Hormuz.

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685.911 - 701.697 Ben

Iran hits those two ships, then Iran to send a message hits UAE's port of Fujairah, which is used by the UAE to try to circumvent Iran's control over the Strait of Hormuz because there's pipelines there that can send the oil around.

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701.677 - 728.089 Ben

through the land and then the oil can be taken out through different waterways or on land and so iran hits those targets then all these middle east countries are looking to donald trump the next day all right you're gonna you're gonna like do something and donald trump's like nah ceasefire's still in place we're good so saudi arabia kuwait uae they get livid and they're like what are you you're not gonna you better take action you know what we're gonna do donald

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728.069 - 751.72 Ben

We're shutting down our airspace and our air bases. You don't get to use them anymore. Then they leaked that to the press. And we reported that others reported that Trump banned from Saudi Arabia, Kuwait and likely the UAE. You can't use our air bases anymore. So Donald Trump then had to go back and make a deal with those countries now. Notice, not a deal to open up the Strait of Hormuz.

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752.081 - 771.07 Ben

Donald Trump then found himself now in a quagmire with the UAE, Saudi Arabia, Kuwait, and lots of these countries that he has personal emolument clause violations with, where he's done personal deals to enrich himself and enrich his family, right? He owes favors to the Saudis, to UAE.

771.05 - 792.443 Ben

to kuwait in my opinion to qatar you know to a lot to a lot of these middle east countries and so then i think trump and they manufactured what went down today because the one-two punch that we hear today is saudi arabia and kuwait agree that they're going to open up their air bases and airspace once again to the U.S.

Chapter 6: How is the Trump regime's relationship with Russia affecting U.S. politics?

792.523 - 814.781 Ben

Okay, so it's like, what's coming? Oh, got it. The U.S. sends two or three of its naval destroyers into the Strait of Hormuz. Iran then sees them coming, starts firing on them. It seems like those destroyers then kind of turn around, but then open fire on these Iranian ports. ports, and then these Iranian ports are hit right kind of by the Karg Island area.

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815.161 - 831.364 Ben

And then CENTCOM immediately puts out a statement. Yes, we did these things, but we want to keep the ceasefire in place. We're just protecting the warships. So it seems that we sent two warships or three warships into the Strait of Hormuz as bait.

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831.344 - 857.267 Ben

knowing that iran was going to strike so then we could say it was defensive then shoot at the iranian ports so that we could ultimately tell saudi arabia and the ua in kuwait see we've done the damn thing but then say it's defensive and iran we don't want to escalate this so could we not actually go back to the war because trump knows that'll cause a global depression and cause oil prices to further rise

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857.247 - 884.588 Ben

And a lot of these entanglements are also built on his personal business dealings with these countries and Kushner's dealings with these countries, which we need to call out. And whenever we're reporting on this news, we can't neglect those facts. So that's the latest update. But I want you to think how weak it looks. And the question is this. Was this a successful operation by the United States?

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884.568 - 903.657 Ben

By sending these destroyers into the Strait of Hormuz, was this successful? Do we control the Strait of Hormuz now? No. Who does Iran? Does Iran still have its nuclear material? Yes. Do the Iran proxy groups still exist? Yes. Is the Islamic Republic still in charge? Yes. Okay.

Chapter 7: What recent developments highlight the disconnect in U.S. foreign policy?

904.244 - 925.345 Ben

We'll maybe talk a little bit about the World Cup on this episode where we know attendance is significantly down, both because of the affordability crisis and tourism is down. But when we talk about the World Cup and teams winning, you win by scoring more goals, right? If it's 1-0, the team with one beats the team with nothing. If it's 5-0, the team with five beats the team with nothing.

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925.425 - 940.832 Ben

Think about the war. Who's winning? Who controls the Strait of Hormuz? Who has the nuclear material? Who still has their proxy groups? Who controls... who's now viewed as a regional power. Go look at who do you think is winning. So I think that's how you have to look at it, Brett Jordy.

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940.981 - 968.203 Brett

yeah it's interesting to watch right now because i think i see that trump is in this weird place right now where it almost seems like he is a little hesitant to really proceed with full-blown war but he also doesn't want to negotiate in good faith so he we're now stuck in like this purgatory of every day these barack ravine stories of a deal is close the us has submitted their proposals to pakistan and it's the same exact proposal that the us keeps submitting to pakistan

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968.183 - 984.808 Brett

that Iran says this is a complete non-starter. It's a proposal that says they need to hand over all their enriched uranium. It's a proposal that says that they need to completely end all their nuclear activity. It's a proposal that says that they need to hand over the Strait of Hormuz.

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985.008 - 993.28 Brett

Every single thing, every concession that the United States wants, Iran has already said these are all non-starters. We're not doing any of that.

993.26 - 1014.576 Brett

and meanwhile iran is staying firm in their position as well where they want to keep all of those things they want to continue to have tolls in the strait of hormuz because they now have control over the straight of her moves thanks to donald trump um and they have kind of positioned themselves now as a global power and i think they're trying to flex a little bit

Chapter 8: What are the consequences of the Supreme Court's recent rulings on voting rights?

1014.556 - 1031.653 Brett

That's why we saw them go to China and the foreign minister of Iran go to China and meet with the Chinese foreign minister ahead of Donald Trump's visit there. I think that's just kind of a show of force to say, you don't think we have any allies? Well, guess what? China's supporting us. Russia's supporting us.

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1031.633 - 1049.473 Brett

I think the meetings that they are having are very deliberate to show, you know, kind of who has their back on the global stage. And the fact is, and we've said this from day one, Donald Trump's lying just does not serve the American people. It does not serve our troops. It does not serve the war effort.

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1049.453 - 1067.58 Brett

Even if you put aside your personal feelings on the war, whether we should be in there doing this or not doing this, I think we absolutely should not be in Iran right now. I think we were led there on completely false premises. But if you're there theoretically and you want to win this thing and meet the objectives,

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1067.56 - 1084.624 Brett

Not telling the truth about what's going on doesn't get you any closer to meeting those objectives. And all it does is also let the enemy know that you are completely spiraling. And so in this case, when Donald Trump is like, they're completely decimated, they don't have any of their missiles left, they're just totally done, and Iran's like, oh, well...

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1084.604 - 1103.119 Brett

We got plenty of firepower to go and we're actually going to be just fine. And we know exactly what buttons to press in order to give you pain and the rest of the world pain. Well, that puts Iran at an advantage, not the United States. And it's also lying to the American people and it's putting our troops in harm's way, which I think is incredibly screwed up.

1103.099 - 1121.207 Brett

One of the most interesting things that I think we've also seen over the past 24 hours is that there was a classified assessment reportedly delivered by the CIA to the White House. Remember, this is Donald Trump's CIA. You can't claim deep state or whatever it is. These are Donald Trump's people who he put in charge of the CIA.

1121.667 - 1131.402 Brett

And they told Donald Trump that Iran could actually withstand the Strait of Hormuz blockade for at least another three to four months before they face any sort of serious economic pressure.

1131.382 - 1148.908 Brett

And so this is something that runs completely counter to what Donald Trump has been saying and to what a lot of these reporters have been pushing, where they've been saying Iran is just days away from the collapse, the imminent collapse. Get ready. They are suffering really bad right now, and it's almost all over for them. We just have to wait it out.

1149.389 - 1165.312 Brett

Well, Donald Trump's own CIA has a much different analysis than that. which completely goes against everything that he is telling the American people. And so Trump the other day, he said they're totally decimated. They're down to 18 or 19% of the missile stockpiles that they had.

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