MeidasTouch host Ben Meiselas reports on Donald Trump panicking on Saturday that he’s blowing up the economy and causing a depression and he doesn’t know what to do. Try VIIA Hemp! https://viia.co/meidas and use code MEIDAS Visit https://meidasplus.com for more! Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Coalition of the Sane: https://meidasnews.com/tag/coalition-of-the-sane Learn more about your ad choices. Visit megaphone.fm/adchoices
Chapter 1: What is Donald Trump's panic about the economy on Saturday?
Donald Trump is panicking on Saturday morning that his actions are going to cause a 1929-style Great Depression. There are leaks from his inner circle saying Donald Trump is running around the White House right now fretting about 1929 and causing a 1929 event. Now, folks, when I label the titles of these YouTube videos, Trump panics, It's because he actually is panicking.
Now, Donald Trump may try to project the image of a strong man, of an authoritarian, but he is not. And the rest of the world leaders know how weak and pathetic he is. You don't want to believe me? Take a look at the headline from the New York Times after we've been reporting about this for weeks. Risk of financial panic tempers Trump on firing Powell.
President Trump again attacked the chair of the Federal Reserve this week, but advisors say the president has turned more cautious on policies that could that could stoke extreme financial volatility again. And it goes. And if you read the article, it says for months, Mr. Trump has privately financed
fretted about the prospect of a Great Depression scale event happening on his watch, a scenario he shorthands in conversations as 1929. Scott, am I going to cause a 1929? Howard, am I going to cause a 1929? And so Besant and Howard Lutnick have to try to wall off one of Donald Trump's other economic advisors, Peter Navarro, because Navarro wants to push more tariffs and Besant and Lutnick
try to keep Navarro away. And then this article from the Wall Street Journal talks about how they try to say, hey, Donald, we don't want to cause a 1929 either, Donald. We don't want to do 1929. So that's why you need to pause the tariffs and listen to us, not Navarro. This is how the Wall Street Journal reports it.
So the morning where the tariffs were paused, when Navarro was in a different part of the White House, Besant and Lutnick made their move. They rushed to the Oval Office to propose a pause. They stayed until Trump actually typed it out on a truth social post hovering over them. As Aaron Sojourner says, this is the policy process in a Trump White House.
Rival factions jockey for access to the Oval Office. They race to get in front of Trump to run their thing up the flagpole publicly first before another faction can shoot it down. This is not a healthy policy process. It's not a process at all. It is panicking. It is how weak, unqualified people who should never be near positions of power handle things.
And during the campaign, Donald Trump would be on stage and he would be projecting his own fears about 1929, 1929, this 1929, that now he would try to frame it as strength. You need to vote for me. And we'll avoid 1929. We'll avoid it. But in reality, it was him saying that he is a scared little pathetic human. Here he was from August 8th. I could show you hundreds of these clips.
I'll show you one from August 17th, 2024. Here's Donald Trump saying that if he's not elected, there will be 1929. Here, play this clip.
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Chapter 2: How is Trump's inner circle responding to the risk of a financial panic?
and catastrophes into bankruptcies, and he surrounds himself with the worst people who are panicking right now this weekend. There's a complete meltdown in the Department of Defense right now. Pete Hegseth's team are either resigning or being fired. He is a complete and utter disaster.
Right now, the changes that have just taken place, like over the past few days at the Pentagon, will leave Hegseth without a chief of staff, deputy chief of staff, or senior advisor in his front office. Quote, there is a complete meltdown in the building, and this is really reflecting on the secretary's leadership.
As Philip Bump says, look, if morning talk show hosts can't manage the Pentagon, it's probably just unmanageable. And let's be clear about what Doge is. Elon Musk knows the incompetence of a Trump the same way a Putin or any world leaders, allies, adversaries, they all know how weak and pathetic Donald Trump is.
So if you think for a second that Doge was about federal cost cutting of waste, abuse and fraud, Oh, I've got some data to sell you. Oh, you don't have to purchase the data for me.
Wherever your data is right now, that's the data that you can go and buy because what Doge was about was stealing your data, was stealing your social security information, stealing your medical files, stealing confidential corporate information. And we're hearing from whistleblowers, like whistleblowers at the National Labor Relations Board and others,
who say that Doge has taken this data, they were trying to hide it. And get this, within 15 minutes of Doge accounts being created, attackers in Russia tried logging in using those new credentials, according to this whistleblower.
So is it any surprise that in Canada, Prime Minister Mark Carney unveils plans this weekend, and he's been doing it throughout the campaign, frankly, to Trump-proof Canada? Is it any surprise to you that page one in the UK's Daily Telegraph, it says, it is foolish that we cut our ties with China.
Is it any surprise to you that any of these things are happening and that people are turning away from the United States? It is not. And Americans need to wake up and see what is happening clearly and call it out like we are. He is panicking. He is weak. He is pathetic. Don't be afraid to say it because that's what's the truth. Hit subscribe. Let's get to 5 million subscribers.
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