Trump Gets a Rude Awakening in AM as Plans Blow Up
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What is the main topic discussed in this episode?
Mr. Prime Minister, shall we start now? Let's start, and let's start properly. What do you mean? Let's start everything. Are you sure? Let's start clothes, let's start equipment, let's start equipment. I mean, all outdoor sports and free time. Now I understand. Maybe you understand numbers better. Putkesport is now even below 60%. So... Exactly. Putkesport.fi. Jääkiekon nuorten MM-kisat. 26. joulukuuta alkaen TV5 ja HBO Maxilla.
Tiedä milloin on paras aika laittaa virrat päälle tai akut lataukseen. Fortumin sovelluksella otat sähkönkulutuksen haltuun. Pohjoismaista energiaa arkeen. Fortum.fi
donald trump just got a rude awakening on thursday morning as his 40 billion dollar bailout in argentina has already failed the argentine peso continues to collapse so he literally just took 40 billion of your taxpayer dollars and shredded it it didn't even help prop up argentina's dictator javier malay which donald trump was trying to do yes the american intervention to prop up the argentine peso has failed despite the United States intervening. The peso just lost 10% of its value in the first two weeks of October, pushing the overnight interest rate to 157%. Also, while JD Vance was in the Middle East, We also saw that Israel's Knesset or a portion of it approved a plan to potentially annex the West Bank.
There are four separate votes that need to take place. And we see that ceasefire, which has already seen over 50 deaths of Palestinians since the ceasefire was announced, continuing to fall apart. It was never a peace deal and there was never an agreement to a two-state solution. I've been calling out it over and over again. Also, we're seeing additional data that total federal spending is up 7% in 2025 over 2024 year to date through October 20th. We're just getting this data in. Aaron Sojourner writes, so the story that somehow the Fed, the federal government is tightening its belt, it's contradicted by its own real-time expenditure data. So what we're seeing right here is a significant increase in federal government expenditures.
And remember when Doge said, oh, we're going to cut back on federal government expenditures. It's the opposite. As Donald Trump is spending his money pilfering on vandalism, on engaging in a number of horrific, horrific acts. We see the ICE budget skyrocketing. Things are getting worse, not better, when it even comes to federal spending. You take a look right here as well, a new report that we're seeing, Carl Quintanilla reports. So the share of the country right now in expansion mode Over the past six weeks, it's at 18%. That's the lowest share we've seen since May of 2020, right when COVID was really starting to accelerate and we started to see the increase in deaths and we were basically shut down.
So I just want you to think about that. Here we are, October 2025, and the percentage that we see of the country in expansion mode looks like May of 2020, also when Trump was in office. The reality is, at least quantitatively, and we care about quantitatively here on the Midas Touch Network. I don't try to spin you and say, oh, look at how great this is. Let's look at the data is always what I say. The economy as of right now is in a mild recession, which could be getting worse. The equity markets don't reflect that. The stock markets don't see, doesn't see that. But you absolutely see that in the bond market right now. Some other data points we're seeing this morning. Colorado's insurance commissioner is warning there that the health insurance premiums could rise rapidly.
160% next year on average, with the hardest hit households facing a $22,000 increase in their annual costs. Just think about that. In Colorado, $22,000 increases in annual costs. Who can afford an additional $22,000? Who can afford an additional $2,000? Who can afford an additional $1,000 right now? $22,000. And by the way, that's not unique to Colorado. That's in every state right now. I mean, I saw Pennsylvania, their health insurance premiums on average will rise 103%. I mean, you even had Marjorie Taylor Greene going on Tucker Carlson and saying the following.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:01–5:29
2
What happened to Trump's $40 billion Argentina bailout and why did it fail?
5:29–7:05
3
How rapidly did the Argentine peso collapse after U.S. intervention and what does that mean?
7:05–7:58
4
What other international crises emerged while U.S. officials were abroad (Israel annexation and ceasefire fallout)?
7:58–10:55
5
How is federal spending changing in 2025 and what does the real-time data reveal?
10:55–17:17