Transcript generated automatically by AI and may contain errors.
Chapter 1: What is the main topic discussed in this episode?
Welcome to Ben on Breaking News. I'm Ben Mycelis. This is your Breaking News. Earlier today, Iran and Russia announced that they were signing a $25 billion memorandum of understanding for cooperation in the nuclear sector, Iran's ambassador to Moscow said, highlighting expanding collaboration between the two countries on major nuclear energy projects.
Putin was discussing this deal that was just announced and Putin said, Iran is a friendly state for us.
Chapter 2: What recent nuclear deal has been made between Iran and Russia?
I believe that the Iranian leadership and the people of Iran trust us. They fully trust us. And by the way, in the future, this uranium could be used once we reduce the enrichment level. This uranium could be used for peaceful purposes for nuclear power and our nuclear projects in Iran under the IAEA control. Note the word could. Could be used. In other words,
Russia is asserting itself even more the same way China is as protectors of Iran. We know that there's an alliance there to begin with. And when the Trump regime is out there saying Iran can have no nuclear dust, no nuclear material at all, right? what's Russia and China doing? Well, we saw China through Xi Jinping meet with Foreign Minister Aragchi, and they had very productive meetings.
And we know that we believe China's providing a lot of technology and other capabilities, likely of military variety to Iran. And what's Russia doing? Russia's saying, we're going to do a $25 billion nuclear deal together. Think about the statement that that is sending right now.
So in normal times, you would expect the president of the United States of America, as opposed to the president or leader of Russia, to speak out against that, right? I mean, that would seem to be putting a massive wrench in any of the American preconditions with Iran. And the question is, how is Donald Trump responding?
Does Donald Trump respond with strength or does Donald Trump respond with weakness? Well, let's find out. Let's turn the page. As I tell my daughter, Ximena, let's turn the page and let's look what happens. Let's see where spot goes. See spot run. Let's see where spot goes on the next page. Breaking.
The Pentagon is expected to cancel plans to provide Tomahawk missiles to Germany, citing concerns that Russia could view the deployment as an escalation. Pentagon likely to cancel a missile sale to Germany over fears of Russia, over fears of Russia.
If you've been watching the Midas Touch Network, you know that the United States, through its chief allied commander, Grinkiewicz, who's the NATO allied commander, rather, The US has informed NATO generally that the US is going to be pulling out critical missile cells and other defensive weapons and other things that were promised to the NATO alliance also out of fear over Russia.
Just notable, right? Russia doesn't seem to have the fear over the United States because doing a $25 billion nuclear deal with Iran right now would seem to be a little bit worse than the Pentagon providing tomahawks to Germany, right? But I want you to understand what's going on in the global geopolitical climate right now.
Because if I'm seeing this, what do you think our NATO allies are seeing? What do you think Asian countries, African countries, Central America, South African, South American, African, European country, Nordic states, what do you think? How do you think they're viewing these moves right now? Moments ago, Putin said the following about Iran.
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Chapter 3: How is the U.S. responding to the Iran-Russia nuclear cooperation?
As Donald Trump's saying those ridiculous things, Iran has never deviated ever. I mean, I'm just being objective here. They've never deviated from their general framework. which we've been talking about here on the Midas Touch Network since March. If they change then deviated dramatically, I'd let you know. Perhaps
The money reparations, that number seems to have changed, which is where I thought there would be flexibility. But when it comes to the core tenant security guarantees for Hezbollah and the Houthis, ceasefire that impact, actual ceasefire in Lebanon, control over the Strait of Hormuz, Iran keeps, ultimately a deal has to be blessed by the United Nations.
Iran keeps its ballistic missiles and drones. To me, the money part, that's negotiable. How Iran flexes its control over the Strait of Hormuz, that's negotiable. Not its sovereignty over it. That's non-negotiable. I could see a world where Iran says, look, we control it with Oman. it's overseen by some other authority than the U S as well.
Then we need to have a multinational coalition that is prepared that if you shut it down, this multinational security coalition has an article five NATO, like a prerogative requirement where then we open up the Strait of Hormuz. And by the way, I mean, Trump's so stupid, like all of these nations are, It's led by Macron and Starmer, other nations. There's like 50 nations involved in this as well.
They're trying to serve up this win to Donald and be like, look, what we are agreeable to doing, let's do a multi... We're not going to join the war with you until you get a deal done, Donald. But what we're offering you is there'll be a multinational coalition of
to do the mind sweeping and to do a lot of the legwork post deal so that if the Strait is closed again, you now have this international alliance idiot and you can point to us. That's what they're doing and they're trying to explain that to him and he's so stupid. But you have that.
And so the overall framework right now, again, in the Middle East, the overall framework right now in Iran, the overall framework is dependent also on security guarantees in Lebanon. And as I mentioned, Netanyahu knows that. For Netanyahu, the worst thing that could happen right now for Netanyahu's personal survival, for Netanyahu's broader horrific vision, I think, for the region.
This MOU can't happen from Netanyahu's perspective, and he will do everything he can to butcher it. And that's what you're seeing play out in Lebanon and Netanyahu's plan. Notice when the acceleration into Lebanon happened. It's right whenever it was a few weeks back when we were getting closer to the MOU, when Donald Trump said we're three days away.
That's really when Netanyahu pushed harder because Donald Trump doesn't understand the links. in Iran's mind between Lebanon and Iran. Netanyahu sees it. And so, you know, Netanyahu knows that the best way to draw Iran back, because that's what Netanyahu knows, Israel can't attack Iran offensively right now. That's off the table because that was a disaster.
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Chapter 4: How is the geopolitical landscape affecting U.S. allies?
So as Russia and Iran, just think about it. So for those who are just joining, what I pointed out before is that Donald Trump is not selling the Hellfire missiles or Tomahawks or others to Germany. Because Trump's, and this is what all the sources in the Pentagon are saying, are scared how Putin would perceive that. Okay.
Putin just announced a deal with Iran for Tom Hawk missiles, for $25 billion for nuclear material. So do you see that the who's scared of who is incongruent, as I said before?
one would think that it would be a more furtive a more aggressive move what putin is doing there than giving tomahawk missiles to germany for defensive purposes and fearing what putin will think about you so then what else is happening in the past 24 hours well if you've been watching the midas touch network you know that in saint petersburg
They have their Russian Economic Forum, is what they call it. As Russia has escalated its drone and hypersonic and other attacks on Kyiv, drone attacks, ballistic attacks, Orshiniks, etc. And we've seen dozens of innocent people killed in Kyiv. Zelensky has developed an arsenal that's continues to amaze in a technological way. Now they're striking deep into Russia.
You've seen my videos where Zelensky has been able to strike deep into Moscow as well. He's also hitting St. Petersburg, which is where this economic forum is taking place. So when countries, mostly BRICS countries, right, in Brazil, Russia, India, China, South Africa, other countries that are allied with BRICS,
When they show up to this economic forum, they're seeing the visuals of oil depots on fires as they're there. What a striking image to see when you arrive in St. Petersburg. But guess who showed up? A US delegation on the same day that Russia announced $25 billion to Iran for nuclear purposes. Trump sent a delegation to Russia to do what?
Number one, Trump sent his fine arts commissioner, Rodney Mims Cook Jr., to show off Trump's ballroom, to show off the ballroom at Putin's flagship Congress in St. Petersburg, as Max Seydin explains. Think about that. And then also to ink a MOU, a memorandum of understanding, to build tunnels, under the Bering Strait connecting Russia with Alaska.
Kirill Dmitriev, Russia's envoy to the United States, said that they are working on this tunnel now and that's going to be a deal. Russia-US in an economic partnership. So while the United States is Threatening, once again, Canada and saying as part of the Kuzma Review, Canada-U.S.-Mexico agreement, as part of the Kuzma Review, Canada's sovereignty is negotiable. Just think about that. The U.S.
says Canada's sovereignty is a point of negotiation in Kuzma Review. That's, again, the Canadian-U.S.-Mexico agreement. That's Trump's deal. It was NAFTA, and then Trump's first term, Kuzma replaced NAFTA, which was an updated version of NAFTA, basically. Trump's been posting more about 51st State. And so that's how Trump treats Canada. How is Trump treating Europe?
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Chapter 5: What does Putin's recent statement about Iran signify?
I don't know. Are you seeing this? I don't mean to be kind of self padding, padding myself, padding this network on the back and be like, ah, you, you're not seeing it. But like, I truly mean it. Like this seems to be a pretty big deal in terms of stories. That's why I led with this story, this breaking news. I think it's, pretty important stuff. I just don't really see anyone talking about it.
And it's so obvious. Now, obviously there's a lot of other news that we should talk about. I mean, you saw there was a memo that was sent earlier today from the Kennedy Center. The next eight days, all of the Trump name will be removed from the Kennedy Center letter. That's a good story. accountability, happy about that, right?
We're seeing more UFC people speak out against this ridiculous fight that's happening on June 12th. Can't believe we're doing UFC fights. Donald Trump's like, I may keep the UFC stage here forever. You're just going to make the White House look like a junkyard? You're going to keep the UFC stage in front of the White House forever? It's just gross. You're a weird guy.
And then during his press conference today, all he wanted to do was talk about ballrooms and arches when he wasn't sleeping. There are real serious things happening right now in this country, right? I mean, saw for May, 97,000 jobs cut. In May, the most jobs cut, job losses since 2020. who was in office then, it was COVID, the most job losses there. We see inflation surging.
I said, we'll hit, we'll be very close to 5% inflation by the end of this year. And I'm not trying to be like a fear monger. Just every month it goes up, what, 0.2%. So just do the math. Just say it goes up 0.2% for the next, whatever, six months. We get a reading in June and July and August, September, October, November, December. Yeah, I'm just counting on my fingers, right?
So you add another 1.4 to 3.6. I mean, that's how you get it. It's pretty basic. And it may be accelerating even more than that. And I think it's very important to point out, as we always get ahead of the stories, we don't chase the story once it happened. We have to get ahead of it and explain what's happening is that these oil inventories are hitting a critical level
And any day now, we could be hitting tank bottom. All oil experts agree that at most, we're two weeks away from tank bottom. What they don't know though, is it 14 days? Is it 12 days? Is it 10 days? Is it tomorrow? It's probably not tomorrow. It's probably closer to seven to 14 days.
Now tank bottom, to be clear, when you're explaining this to people who you know, it doesn't literally mean that the reserves worldwide drain out and there's literally the bottom. So what it does mean though, is that once the supply and the reserves gets below a certain threshold, we are deemed to be in an emergency mode.
And in order to get at that, at those levels, when you go and do your economist supply and demand chart, at a certain level, all oil executives and economists in the field say what happens is, so that you don't actually go bottom bottom, is that the price shoots up so high
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Chapter 6: How does Iran's security architecture impact its negotiations?
Transgenic mice. It's research that will help deal with Alzheimer's and that will help deal with a lot of diseases that Lots of Americans have.
Republicans stood next to a sign saying Democrats want to trans the mice because they don't want people to realize they're talking about transgenic mice, genetically modified mice used in life-saving medical research on cancer, Alzheimer's, diabetes, neurological disorder research.
And people could die because Republicans saw the word trans and then they say we're eliminating that because we don't like the word trans. It's sickening to me. It's sickening to me what their behavior is. And this is what they're doing. Announcing Defense Production Act to push about $700 million out to help the coal industry. $425 million to fund 13 coal plants.
$185 million to open two plants in Alaska and West Virginia, as well as restart a coal plant in Maryland. Why? Why wouldn't you just invest in jobs that are sustainable into the future? This is like the dumbest thing to possibly do. The dumbest thing imaginable right here. And if, by the way, then if you're going to do it, and the harm it causes to the climate, I might add.
But okay, if you're going to do it, Don't you want to, like, be awake during your press conference, like, and not fall asleep? So take a look as Trump is sitting back in his chair dozing off. You can see for yourself. Here, play this clip.
...of warmth, of a job, an economy, a community, a family. And for too long, you saw Democrats who were telling these coal miners that they should just learn to code. And what we saw during the Biden administration at the EPA, for example, was regulation after regulation after regulation trying to strangulate out of existence.
More of Donald Trump just like mumbling here. I'll show you.
Thank you, President Trump.
Thank you.
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