MeidasTouch host Ben Meiselas reports on Wall Street execs, Hedge Fund execs, and Private Equity execs turning against Trump after they trashed Biden and told us Trump would be great for the economy. Miracle Made: Upgrade your sleep with Miracle Made! Go to https://TryMiracle.com/MEIDAS and use the code MEIDAS to claim your FREE 3 piece towel set and save over 40% OFF! 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: Why is Wall Street turning against Donald Trump now?
Yes, Wall Street and the financiers are turning against Donald Trump with another week of economic chaos, market volatility, the dollar crashing, the bond market imploding, treasury yields going to some of the highest levels in a very long period of time, consumer confidence at the lowest levels in about 45 years, but In turning against Donald Trump, we're now trying to throw him under the bus.
These Wall Street execs, these hedge funders, they're also kind of telling on themselves, aren't they? Because weren't these the same people who teamed up with corporate media when former President Biden was in charge? And we got headlines like this. Forecast for U.S. recession within the year hits 100% in blow to Biden.
A 100% projection of a recession that never happened under former President Biden. How about headlines like this? Why a U.S. recession is still likely and coming soon. This was from Bloomberg. The government is staying open for now, but Bloomberg Economics sees risks ahead from strikes to higher rates and oil prices. There was no recession under former President Biden.
How about this headline from the New York Times back in January 2024? The U.S. seems to be dodging a recession, but what could still go wrong? Economists have become increasingly optimistic about the odds of a soft landing. But as 2024 begins to unfold, the risks remain.
Now, what do you think those same corporate media headlines and economists and hedge funders, what were their projections of recession under Donald Trump? Let me take a look at it right here. This from Business Insider, and I could show you half a dozen more, but you get the point. The probability of a U.S. recession in 2025 is 0%, according to a top economist.
But here's what to worry about instead. Nothing about a recession. So where are we now? Well, You have JP Morgan believing that there's about a 60% recession call despite Trump's 90-day tariff pause, which is not really a tariff pause. He's basically just moved the effective rate of tariffs from 27% to 25%.
And now you have people like BlackRock CEO Larry Fink saying, we're probably already in a recession right now. And you've got people like Jamie Dimon, the CEO of JP Morgan, who previously said, suck it up when it comes to a little bit of inflation, saying Donald Trump's inflationary measures are likely to cause a recession.
You know, we come with receipts here at the Midas Touch Network, so let's bring those receipts one by one and let me make the case for you. First, I'm going to show you, of course, that all of these hedge funders and private equity people and Wall Streeters are turning against Trump, but I also want to call them out because they're doing it for self-preservation right now.
This from The Independent. Fund managers quietly fear Trump doesn't have a tariff plan and that he might be insane. Some fund managers concern that the White House is not acting rationally, but rather on ideology. And some even fear this may not even be ideology, that it's just his utter insanity causing this all. How about this headline from The Wall Street Journal? Wall Street sounds an alarm.
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Chapter 2: How did Wall Street and media portray the economy under Biden?
Because markets, I mean, when you see a 2,000 point decline, it sort of feeds on itself, doesn't it? Because it makes you feel like you're losing money in your 401k, you're losing money in your pension. You've got to cut back.
Yeah. I always remind people, markets aren't always right. But sometimes they are right. And I think this time they are right because they're just pricing uncertainty at the macro level and uncertainty at the micro level, at the actual company level. And then how it affects consumer sentiment, it's hard to tell. Consumers still have jobs.
Wages are going up at the low end, which I think is a good thing. But if companies start cutting back, yeah, the consumer sentiment changes and business sentiment changes. I think you've already seen business sentiment change a little bit. Hopefully, no one's wishing for that, but hopefully if there is one, it'll be short.
But I do think fixing these tariff issues and traders should be a good thing to do. That will get one major uncertainty behind us. We have the strongest economy in the world. It would be good not to add to the uncertainty out there.
Also, Jamie Dimon is now saying that he expects, and Spencer Akimian reports, Spencer Akimian does a good job reporting this, saying he expects the Fed, Jamie Dimon, who you just saw in those clips, expects the Federal Reserve to have to step in and rescue the bond market because the bond market is imploding. unprecedented times. We had a 3% real GDP a quarter ago.
JPMorgan and Chase CEO Chief Executive Officer Jamie Dimon said he expects a kerfuffle in the U.S. Treasury market that prompts a Federal Reserve intervention. There will be a kerfuffle. You know, like these languages, a kerfuffle. I guess to billionaires, a kerfuffle. You're going to be kerfuffled.
I mean, when people are suffering, your 401ks are being destroyed, your pensions are being destroyed to these billionaires. That's a kerfuffle. And then the Fed, we're going to have to intervene. You know, a kerfuffle here and here and there. Larry Fink was at that same event where Jamie Dimon was. Here's BlackRock CEO Larry Fink. This was January 23rd, 2025. It was the same day
Jamie Dimon was there in the early days of the Trump regime, literally the earliest days. And here BlackRock CEO Larry Fink just said he wants the SEC to rapidly approve the tokenization of bonds and stocks. Play this clip.
As a huge believer of crypto and blockchain and tokenization, I want the SEC to rapidly approve the tokenization of bonds and stocks. That will simplify things, make things easier. Some of the tax on BlackRock, BlackRock would never have to vote on a proxy vote anymore because every owner or record would be notified through a tokenization of equities. And it would save more money for more people.
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