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Chapter 1: What is the $1 trillion scam involving Donald Trump?
Donald Trump is panicking as his $1 trillion scam has been exposed and now his disgusting regime is threatening criminal penalties against anyone who exposes it. saying that this $1 trillion number was detailed during classified briefings. And therefore, if you talk about it, you're violating the classified designation and you will be criminally prosecuted.
We're not scared here at the Midas Touch Network to talk about it. And hat tip to Senator Mark Kelly, who talked about this trillion dollar scam, but also hat tip to some important economists who are out there calling it out as well. So let's talk about the facts, folks. So the Trump regime has been claiming that its catastrophic and unlawful war against Iran only cost $25 billion.
That's what they said, which, by the way, is a lot of damn money, $25 billion. But that's just the cost. of some of the missiles, some of the weaponry, some of the costs of moving the troops into the region, that doesn't actually factor in the consequential costs that are going to be imposed as a result of Iran now controlling the Strait of Hormuz, the U.S.
security umbrella being utterly destroyed in that region and through the rest of the world and more. Let's just go through some of the facts. So as Margaret Brennan wrote about Senator Mark Kelly talking about this. After hearing the Pentagon classified brief on Iran war impact on U.S. weapons stockpiles, Senator Mark Kelly says it is shocking how deep we have gone into the magazines.
And he's talking about the Tomahawks and the THAAD rounds and some of these other weapons and the Patriot rounds and other interceptor type rounds that are used to defend ourselves. and our, I guess, former allies abroad, they're done at this point. If we are in any other conflict right now, we really don't have the weapons that we did when this war started.
And by the way, there was a $1 trillion military budget for the fiscal year of 2025. So now the Trump regime is demanding a budget of $1.5 trillion. And Senator Kelly said, I was in these classified briefings. And in these briefings, we learned why they want $1.5 trillion now, because we've run out of weapons. We've run out of weapons. I'll show you that in a moment.
But now Secretary of Defense thug Pete Hegseth says the following. Captain Mark Kelly strikes again. Now he's blabbing on TV falsely and dumbly about a classified Pentagon briefing he received. Did he violate his oath again? Department of War legal counsel will review. So they're going to try to prosecute Senator Kelly again.
Once again, Ryan Grim over at Dropsite writes, a trillion dollar defense budget and we're almost out of ammo in like 40 days. So the answer is to up it to $1.5 trillion. When you just take a look at Donald Trump's life and you see why he's gone bankrupt over and over again, heck,
Don't even look at his deep past where, not too long ago, where he's bankrupted this casino and that casino and this business and that business and this company's gone out of business. We could just talk about the report I did over the weekend on Donald Trump's Trump Media Company, which lost in the first quarter close to $406 million. and only made $870,000 in revenue in one quarter.
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Chapter 2: How does the Trump regime justify the $25 billion Iran war cost?
I got to give a hat tip to my friend, Justin Wolfers. And Justin Wolfers did a really thorough op-ed the other day. And here's how he described the real cost of the war in Iran. And he says it will be in the trillions and trillions and trillions. So Pentagon says the Iran war cost $25 billion. But Justin Wolfers, in an op-ed with the New York Times, says the number is trillions.
so the defense department's 25 billion dollar price tag as dropside explains for operation epic fury covers only missiles fired planes flown and equipment lost and little else wolfers explains the fuller accounting he writes runs into the hundreds of billions and possibly trillions let's just go through it together geopolitical risk fed economists estimate heightened risk of this scale costs roughly 200 billion dollars
and leaves millions fewer Americans employed within a year. Interest rates, with rate cuts now off the table, the Fed's likely response could cost another $200 billion in lost economic output. But how about the fact that it also impacts the bond market? This is where it's clearly in the trillions.
It impacts the bond market, the 10, 20, 30 year, even the two year yields are significantly higher, which means the country has to pay more on the interest back every single year. And that is in the number in the trillions, the stock market. Wolfers estimates the war has wiped out roughly $3 trillion off S&P 500 valuations. Oil prices could be elevated through 2028.
You know, when you looked at the United States markets compared to foreign markets, the US markets not first, it's lagged significantly behind other countries. And even though there was growth,
in S&P and in other indexes or indices, the US markets that Donald Trump likes to brag about could be significantly higher right now if Donald Trump didn't engage not just in the catastrophic war in Iran, but also all of his tariffs against the world. Goldman Sachs projects the US GDP growth will be 0.5 percentage points lower, around $400 billion in lost income over two years,
as a result of the catastrophic war. The administration's 2027 defense budget request is $1.5 trillion, a 40% increase, or roughly... $4,000 per American household. $4,000 per American household for Pete Hegseth, in my opinion, just completely misusing it. These people are the height of waste, fraud, and abuse.
They talk about golden domes, and if you wanna get into what the Senate actually believes about the golden dome in the United States, it's based on a lot of junk science
Given the size and scope of the United States, this golden Western hemispheric dome, it's just, in my opinion, Donald Trump, like with the casino, let's build three casinos and we'll paint it all gold or we'll paint it blue and it'll look beautiful and every, but no, you're not actually following the damn science. You're not following the damn facts.
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Chapter 3: What did Senator Mark Kelly reveal about military budget needs?
And no one knows what's real because you said 21 trillion, 18 trillion, 3 trillion, 5 trillion. No, the reality is actual trillions are being stolen from you. Actual trillions are being stolen from the taxpayers to do all this catastrophic and criminal and war criminal stuff. But what they said, remember the gold cards, Howard Lutnick on this podcast is like,
They're like, well, so how much are you, how many of these gold cards are you going to sell?
Lutnik's like, all right, let me tell you what we're going to do here. I think we're going to make $5 trillion. There's like 50,000 eligible people and they all want a gold card. So we're going to make $5 trillion.
And they're saying that because they're stealing trillions from us. Here, play this clip. By the way, yesterday I sold 1,000.
Oh, you did. I got a polymark that I created on how many of you guys are going to sell this here. And how many people do you think there are that could qualify in the world? There are 37 million people in the world who are capable of buying the card, in case you were wondering. 37 million. That's a lot more than ChatGPT told me. Who are capable of buying it. Who are capable of buying it.
Now, I'm not saying they will, but they're capable of buying it. How many do you think you'll sell? The president thinks we can sell a million. So, $5 trillion. That's $5 trillion.
Now, I'll remind you what Hegsett said when he testified. We need $1.5 trillion and we're going to stop the woke. And we're going to stop diversity, man. Because diversity ain't a strength. Diversity is our weakness. And that's what everybody says about our military. You're too diverse, man. We need all white guys. We need all out of shape white guys. That's what we need.
Here, watch what Higginson says. Here, play this clip. I haven't talked about it as much in these hearings because this is a budget hearing about $1.5 trillion that's historic and significant. But underwriting the change that we've seen in our department was a laser focus on getting back to basics. And the key word to that is merit. We had a department that was obsessed with gender issues.
ideology and race, diversity, equity and inclusion. In fact, the mantra you would hear dripping from the lips of generals with a serious look on their face was our diversity is our strength, which is the single dumbest phrase in military history.
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