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The MeidasTouch Podcast

Trump: “I Love Inflation”

10 Jun 2026

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What triggered Donald Trump's recent meltdown in the Oval Office?

0.031 - 26.461 Ben Meiselas

Donald Trump just had his most psychotic meltdown yet in the Oval Office, and that's saying something. He said, I love inflation. I love it. I love inflation, he proclaimed. This as we just got the hottest inflation report To date, May CPI inflation came in very hot, rising to 4.2%. That's the highest level since April 2023.

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27.222 - 46.018 Ben Meiselas

As I've said before, we're heading to five, five and a half, 6% inflation in the next six months or so. Here was Donald Trump from the Oval Office saying, I love it. I love this inflation. Let's play this clip.

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45.998 - 51.106 Unknown

Are you concerned, Mr. President, about the latest inflation number which came out this morning?

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51.587 - 52.628 Donald Trump

No, I love it.

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Chapter 2: What were the latest inflation reports and their implications?

52.848 - 72.158 Donald Trump

The numbers were great. You know what I really love? I love the inflation. You know why? Because as soon as this war is over, you know, I can say it now, something you didn't know. Do you know we've been taking out millions of barrels of oil? Nobody knows it. You know who doesn't know about it? Iran, until right now.

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73.842 - 86.443 Donald Trump

We took out the other night 22 ships late at night with no lights because they don't have any radar because we blasted the crap out of it. We took out, that's why oil is $85 a barrel. I mean, you take a look.

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86.643 - 108.478 Ben Meiselas

Now, right before Donald Trump was in the Oval Office, he was also posting praise be to Allah, Allah Akbar. That's what he was posting on social media. Here's what he writes. The fake news media refuses to report how effective the blockade is, the most successful blockade in history. Nothing gets through it. It's a steel wall.

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108.939 - 133.279 Ben Meiselas

Iran is doing zero business, not paying their military or any bills, and quickly becoming a failed nation. Lots of oil getting out. Praise be to Allah. Donald J. Trump. And then he threatens that he's going to blow up all of the bridges and infrastructure and wipe out the Iranian civilization again. He said that's going to happen today. We're doing a civilization wipeout of Iran today, he says.

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Chapter 3: Why did Trump proclaim 'I love inflation'?

133.259 - 154.099 Ben Meiselas

He said it in the Oval Office and he said it on a social media post. In a social media post, he said, Iran's military is a complete and total mess. Much of it doesn't exist anymore. They've been completely defeated. They're all talk, no action. They're the bully of the Middle East. They're dead. They've taken too long to negotiate. a deal that would have been great for them.

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154.179 - 174.041 Ben Meiselas

Now they will pay the price. And then he says, we're going to hit them very hard today. And I'll show you in a bit. He calls up state regime media, Fox, and he says, we're going to blow up their bridges. They've been tapping us along. They've been tapping us. But here's what he says in the Oval Office. We're going to hit them hard. And we're very close to doing a deal.

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174.301 - 179.787 Ben Meiselas

We're going to hit them hard. We're very close. It's right around the corner. And we're going to blow up their civilization.

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179.767 - 205.167 Donald Trump

this is how pathetic he is let's play this clip there'd be no middle east and they would have absolutely shot at us so so we'll see what happens but we hit him hard yesterday and we're gonna hit him again hard today in case you miss it in case you don't turn on your television set and we'll see what happens with the deal. We were really close to a deal, but they keep tapping us along.

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205.187 - 215.494 Ben Meiselas

They keep playing us for suckers because- Then he goes on to say, Iran keeps playing us for suckers because they've dealt with stupid presidents, but I'm the smart one.

215.474 - 233.377 Donald Trump

Let's play this clip. Mr. President.

233.397 - 249.921 Ben Meiselas

Then a reporter says, okay, got it. You're crazy. Let's talk about a new topic. United States, Mexico, Canada agreement. It's currently undergoing a review. What's your thought about a trade deal with Canada and Mexico? We don't need Canada and Mexico.

Chapter 4: What controversial claims did Trump make about Iran's oil and military?

250.421 - 275.106 Ben Meiselas

They need us. We don't need anything from them at all. In fact, why would we do a deal with them at all? If you want to know why our markets are crashing right now, but more importantly, why the American people are suffering so much right now and can't afford anything, it's because quite literally there is a lunatic in the Oval Office. And I'm not saying this to be hyperbolic.

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275.646 - 286.656 Ben Meiselas

We have someone who should be wearing a straight jacket and in a psychiatric ward is in the Oval Office. Here's what he says. Let's play this clip.

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286.636 - 314.854 Donald Trump

MCA did one thing that I loved. After six years, it comes up for renewal. I don't know that I'm going to renew it because to be honest with you, United States does much better. We don't need anything that Canada has. We don't need anything that Mexico has, but they need everything that we have. And they have to treat us better. You know, with Mexico and Canada, we have trade deficits.

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315.037 - 335.142 Donald Trump

We should have surpluses with them. We don't need their cars. We don't need their lumber. We don't need their energy. We don't need anything that they have. So the primary thing that I got, it was a much better deal than NAFTA, much, much better. It was sort of a good deal, but it was a great deal for one reason. It gave the right to terminate.

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335.322 - 359.101 Donald Trump

And who would have thought that I was, you know, they just didn't want to have it during the four year period. Now they made it so that I wouldn't be president. And because they rigged the election, the second election, as you probably hear and probably know, most of you know that happened and now it's been proven and it will be proven as time goes by even more so. We have things that you won't.

359.121 - 382.896 Ben Meiselas

And then he said, now I want to reveal the secret that we've been doing. You see, the reason why gas is so cheap right now, he says, right, we all know how cheap, I'm being sarcastic, It's so cheap because we've been taking out millions of barrels of oil every night and Iran didn't know until right now. Let's play this clip.

383.537 - 388.525 Unknown

When the war is over, it's coming down.

388.845 - 414.975 Donald Trump

It's going to come down like a rock. And again, we're taking out millions, which I'm just announcing today for the first time. But we've been taking out millions of barrels of oil. Millions of barrels. Every night we took out oil. But now I'm going to tell you because they just figured it out. So now that they figured it out, I can tell you. It was very hard for me.

415.496 - 423.765 Donald Trump

I wanted to say it so badly, but I didn't want to ruin it. But it was very hard. But millions of barrels of oil has come out.

Chapter 5: How does Trump's rhetoric reflect on U.S.-Iran relations?

423.965 - 434.543 Donald Trump

That's why it said $85, $90 a barrel instead of $250. But we have the greatest military in the world, the toughest military in the world.

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434.603 - 460.96 Ben Meiselas

Then he goes on to say, and guess what? Iran doesn't have any drones. Most of their drones are gone. Their missiles are gone. They don't have a military. Fascinating because... Didn't you say that an Apache was hit by one of their Shahid drones? In a moment, I'm gonna show you also what the Trump regime narrative is now about the purported Shahid drone that hit the Apache.

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461.36 - 472.894 Ben Meiselas

They're like, the drone hit the Apache, but it didn't blow up. And then the pilots flew with the Shahid drone in the helicopter itself. Okay.

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Chapter 6: What are the consequences of Trump's threats against Iran?

473.595 - 476.398 Ben Meiselas

Here's what he says about their drones being gone. Let's play it.

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477.037 - 497.688 Donald Trump

159 ships at the bottom of the sea. There's no air force. All of their planes are blown up. Most of their drones are gone. Most of their drone-making ability is gone. Most of their missiles are gone. All of their leadership is gone, so they replaced it. All of that leadership is gone, so they replaced it. And that's the people we're dealing with now.

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498.609 - 502.375 Donald Trump

And I think they're going to want to make a deal, but we're going to find out.

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504.919 - 527.783 Unknown

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608.301 - 626.485 Unknown

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