MeidasTouch Full Podcast - 6/30/26
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What is the main topic discussed in this episode?
We've got a lot to discuss on this episode of the Midas Touch podcast. On Friday, U.S. engaged in military strikes against Iran. Then it did it again on Saturday. Iran struck back, hitting American military bases in Bahrain and Kuwait. And then a few hours before the futures markets were set to open, Barack Ravid of Axios put posted that sources told him that we were having a meeting with Iran and everything was good and that we would no longer be striking Iran. This is as a predictable cycle as just about any. It's as predictable of a cycle as Donald Trump infecting things that should otherwise be great, like the Great American State Fair, which, how do you blow that? How do you make that the weirdest and grossest non-attended thing ever?
Donald Trump found a way to figure it out. The Great American Fair was taken over by Donald Trump's counter-programming group called Freedom 250, away from the Smithsonian and American 250, and now they've turned it into some weird oddity where no one is showing up. I mean, to be fair, there may be like 35 people there. But state regime media, which calls itself Fox, has literally devoted every single day of trying to make it a thing, and nobody wants to be there. Newer people want to be, though, in homes that they can afford. Donald Trump continues, however, to say that the housing affordability bill, which was passed on a bipartisan basis, is just a Gigantic yawn, direct quote from Donald Trump.
That thing, that's a big yawn. And if Democrats like it, why should I even like it? Another direct quote from Donald Trump. It's the first time we actually saw a bipartisan piece of legislation that Donald Trump could have got credit for, which actually helped the American people. and he absolutely hates it. We'll talk about what's going on there. Donald Trump saying, though, the key thing we need to do from now until the election, we need to be hunting communists. He says that Democrats are now communists and these communists are the biggest threat to the country. even a bigger threat than 9-11, World War II, World War I, and any enemy of the United States. He says it's the democratic communists. We told you that this would be their messaging approaching the midterms, and the messaging has arrived, and it is more outrageous and outlandish than ever expected.
But speaking of outrageous and outlandish, you take a look at some of these Supreme Court decisions. I guess it was a mixed bag. You had a six to three decision in a case called slaughter where the United States Supreme Court slaughtered the idea of independent agencies saying there is no such thing as an independent agency anymore. And that the president of the United States gets to fire anybody he wants on any independent agency.
Why is Trump's 'Great American State Fair' becoming a viral punchline?
he has no ability i mean there's no ability to avoid whatever the president wants to do that's it and that changed 90 years of law in a case called humphrey executors but then the supreme court said but we've got one exception that we're just going to make up because you know the supreme court is kind of in on this whole market manipulation thing that donald trump's been doing and they go okay when it comes to the federal reserve They're different than every other agency. Why Supreme Court six to three right wing fascist court? Because we say so. We're going to distinguish the Federal Reserve. You could impact all these other agencies, but don't screw up our stocks, Donald. Don't screw up our money.
We're going to protect that one right there. I mean, come on. The bottom line is that independent agencies should all be independent. These are horrific rulings by the Supreme Court. I guess we are. It's a good thing that Lisa Cook on the Federal Reserve Board, she's a governor that, at least as of now, under the latest Supreme Court 5-4 decision, because they say the Federal Reserve is different, Trump can't fire her. But they're just making up an exception and divining it as the law in order to protect their bag, their money, while screwing over the American people in every other which way.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–2:49
2
Why is Trump's 'Great American State Fair' becoming a viral punchline?
2:49–6:01
3
What triggered the escalation in the U.S.-Iran standoff?
6:01–8:37
4
How does Trump's housing bill reflect his political strategy?
8:37–10:59
5
What are the implications of the recent Supreme Court rulings?
10:59–14:55
6
Why is the Federal Reserve considered different from other agencies?
14:55–18:08
7
How does Trump's messaging relate to the upcoming midterms?
18:08–18:33
8
What are the reactions to the E. Jean Carroll case ruling?
18:33–1:21:21