MeidasTouch Full Podcast - 6/16/26
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What is the main topic discussed in this episode?
We have a lot to discuss on this episode of the Midas Touch podcast. A memorandum of understanding was reached by Donald Trump with Iran, and it is a memorandum of understanding that may be signed on Friday that provides for a framework to potentially negotiate technical details of a future framework involving multiple preliminary discussions at a future time that may involve a deal sometime in the future But what we gather is that the Trump regime has agreed to give billions and billions of dollars to Iran, potentially more than $300 billion, which JD Vance, who MAGA Republicans are now attacking as the architect of this deal, didn't deny when he gave interviews early this morning. But folks, all you gotta do is just paint it blue and say it's good and say there's no algae and say it's amazing and just say it's a great deal.
What are the implications of the Iran MOU leak?
and just try to sell it to the american people right i mean the reflecting pool analogy the reflecting pool metaphor is so apt to everything this trump regime does they said that they were going to fix everything in the reflecting pool by not actually addressing the issues of where algae comes from but just paint the bottom blue american flag blue Because then we can turn it into some sort of culture war type issue if you're against painting it blue. And then voila, it's going to be amazing. As we warned about on the Midas Touch Network in early May when we heard about this plan, basic science, basic facts would tell you that it was going to become infested with algae and be far worse than it ever was before when frankly, this was not a top issue or a major issue or really an issue at all that Americans were focused about.
And sure enough, painting it blue didn't work and the algae is back. But the significant point I think I want to bring up on this episode is that the algae comes back. You can try to hide what you're doing to the economy when you tariff the world. You can try to hide the damage you're doing to America standing in the world. But ultimately, it turns out you didn't do $21 trillion worth of deals last year. It turns out that tariffs have the impact that people who know this stuff told you was going to happen. It's going to rise. It's going to lead to rising inflation. and it's going to weaken your standing in the world when you head to france right now for the g7 and the world has kind of moved on from you and you can claim you controlled the straight of her moves or that your deal is so much better than obama's non-nuclear jcpoa deal but when you ultimately take a look at it eventually you see the algae and the cover-up
goes away and the American people see it for what it is and also see the kind of oddity and the grossness of it, like the algae that we see right there. You know, this Trump doing this UFC event, again, falling asleep there, then flying to France where bizarrely speaking to Macron about the UFC fight and holding Macron's wife's hand and just looking lost and delusional. We're going to cover it all and more here on the Midas Touch podcast. Great to be here with everybody. Brett and Jordi are here. We've got a lot, a lot to discuss, including how this purported, I say purported, it's not a deal, a memorandum of understanding that may be signed on Friday that will lead to technical negotiations in the future, how this all kind of came about and what the reaction is.
Well, some might call this a concept of a plan, brothers. It's good to be here with you guys. Good to be here, Midas Mighty, everybody watching us live, everybody listening on audio podcast. It's just always great to be breaking down the news with you. Man, when I saw that Donald Trump wanted to get this deal signed and he made his deadline, it was so clear what was about to happen. because we had seen the tea leaves leading up to this moment, right? We had seen the utter capitulation. We had seen the desperation flowing from Trump and this administration. And at the end, before this kind of memorandum of understanding was announced, what did we also see?
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–0:56
2
What are the implications of the Iran MOU leak?
0:56–6:54
3
How does Trump's Reflecting Pool symbolize his presidency?
6:54–14:19
4
What are the financial details of the Iran deal being discussed?
14:19–21:43
5
How did Trump's actions at the UFC event reflect his state of mind?
21:43–24:06
6
What are the criticisms surrounding J.D. Vance's role in the Iran deal?
24:06–32:19
7
What lessons can be learned from the failures of Trump's foreign policy?
32:19–37:53
8
How does the podcast analyze the media's portrayal of Trump's actions?
37:53–1:23:59