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Donald Trump is losing all control this Wednesday morning, ranting and raving like a lunatic on his social media platform as we are learning about US Embassies in the Middle east permanently shutting down. We've already reported how multiple U.S. bases in the Middle east have been evacuated. Also, we are learning from military families who are going to Military Times and to other military related outlets that there have been numerous incidents of sailors aboard those super carriers that Donald Trump says as part of their amazing blockade who are attempting to actually throw themselves overboard and tragically end their lives because of the torment and psychological issues that are being inflicted upon them by the Trump regime. And they don't want to be complicit in war crimes. And also, it appears that they feel they're never going to come home again. But Donald Trump this morning is screaming out, praise Allah. He says, praise Allah. We own the Strait of Hormuz. He is a complete and utter lunatic, a complete and utter psychopath. And I'll show you the Iranian. One of Iran's top generals just gave an interview with PBS where he was calling out Donald Trump not just for being a complete and utter psychopath and not just saying that Iran has no intentions of ever possibly even doing a deal with Donald Trump because Trump's incapable of doing a deal. You know, but the Iranian leadership also recognizes the market manipulation scheme that's taking place. And even Iran's generals are saying the U. S, you should look into the stock trades of Kushner and Witkoff and Trump and Trump's family members because this entire war they go, it's all about enriching Donald Trump personally. And this morning we learned that the Treasury Department is now officially removing any requirements that beneficial ownership in LLCs and corporate structures be disclosed. A massive win for Russian oligarchs and money launderers. And also the Treasury Department will be deleting its database of beneficial ownership in order to allow and promote money laundering to promote it. We'll talk about. We'll connect all of these in just a moment. So here was Donald Trump's post earlier this morning. Here's what he writes. The US has totally total control over the Strait of Hormuz. I think we will keep it. Our naval blockade is being called by everyone a wall of steel. And there is nothing Iran can do about it. They have no navy. They have no air force. Their remaining soldiers are unpaid. The IRGC is decimated and fleeing and their leadership is uncertain at best. They have no money. Their country is, quote, shot. All they have is fake news. And 300% inflation and getting worse. Iran is all talk and no action of the Middle east no longer. Praise be to Allah. Donald J. Trump it should be noted that as of today the national average of gas prices is the highest it has ever been ever in the history of the United States at this time. So while Iran controls the Strait of Remove as the US Strategic Petroleum Reserve hits tank bottom in the real world, not in Trump's delusional, psychotic, lunatic riddled world, that he wants to bend real and destroy the entire United States and what Americans are paying for gas right now is the highest ever in the history on a national average at this time, in this period of time in August in American history. Now, as I noted at the outset of this video, the US Is preparing prolonged diplomatic drawdowns across the Middle east as the Iran war continues. The US has retreated from its military bases in the Middle east and basically the only place we really have a lot of our equipment right now is in Israel where they have the Iron Dome. But the Arab Dome has fallen. The US has run out of weapons, Patriot interceptors, atacms and the Arab nations have formed their own alliance, the Mecca Pact, which I can't stress enough. What a big deal the Mecca Pact is moving away from the US security umbrella, a regional alliance, the Mecca Pact and then China moving in as well. Also Iran forging additional diplomatic ties with the BRICS bloc as the US dollar becomes weaker and weaker and will be generationally as a result of Donald Trump's conduct. You have the BRICS bloc rising, right? Brazil and Russia and you've got South Africa and you've got China and you've got India and you've got all of these nations that stands kind of as a rival to Naito and a rival to the G7 if you will. But Iran having additional monetary ties. Iran will join the BRICS new Development bank securing memberships in the BRICS established new Development bank as Tehran seeks alternative financial mechanisms outside of the US dollar system while the US embassies are now either operating with fewer staffs or just shutting down their embassies altogether. In the President Erdogan just said the following on the Mecca Agreement, which right now is Turkey, it's Saudi Arabia, it's Pakistan. Qatar praised this alliance. Even Iran suggested that this alliance was a good thing where Arab nations take control of their own destiny. We'll see if Egypt joins. Saudi Arabia seems on the fence about allowing Egypt to join given the rivalry with the uae. But we're focused on and we'll be following that as well, Turkish President Erdogan says our vision is to eventually bring all the countries, countries in the region together under this framework, if possible. This agreement is not directed against any country. Its sole purpose is to promote peace and stability in the region and the well being of our peoples. And again, as noted at the outset, I'm going to do an entire video on this. Multiple USS Abraham Lincoln sailors have tried to go overboard amid extended deployments. Their families are saying that the situation is horrific right now on these super carriers. America has run out of weapons and munitions. Our stockpile of crude is at an all time low. We've hit tank bottom and we've had tank bottom on morale as our super carriers have these extended stays. We're not feeding our sailors enough food. The showers don't work, the toilets don't work. Welcome to the Trump hellscape, where he has bankrupted every thing he's touched his entire life. But if you just listen to him, praise Allah. We control the Strait of Hormuz. We own it. He says the ceasefire in Lebanon is working, but no, it's actually not. It's actually a complete killing field where Netanyahu continues to slaughter people in Lebanon. Southern Lebanese residents say Israel's continued occupation and movement restrictions have turned the area into a prison despite the fake ceasefire. The same way there's a fake ceasefire in Gaza. And you have Netanyahu and you have Israel Katz, the defense minister, saying we will never leave these territories. They belong to us. And we will continue to demolish cities and demolish settlements in these areas. I mean, real horrific stuff. I am so excited to tell you about our sponsor, Avocado Green Mattress. Their certified organic mattresses sleep cool, relieve pressure and support your body so you can enjoy deep restorative sleep. They don't use polyurethane foams. Instead, every mattress uses healthy natural materials. They're even handmade. What really got me was being able to go in and feel it for myself. 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That's avocadogreenmattresT.com Midas avocadogreenmattrasT.come I D A S We're learning more also about the people who Donald Trump tucked away with him on that catering truck as he abandoned the old Air Force One and went on to the military plane because he was purportedly scared that Iran was going to strike down the Air Force One. But he let the press stay on it. I also think, and I'm going to do a video on this as well, and Hal Sparks mentioned this as well. I think that there's also potentially some medical issues that were going on and that this story, while embarrassing for Trump, may also be covering up health issues and perhaps there were medical professionals on the other plane and that this entire kind of elaborate ruse within a ruse was also dealing with Donald Trump's health issues. And also, you know, he looked a little different when he came back from Turkey, too. I mean, the different hair, other stuff. Well, I'll do a whole video on that, but let's just flag that right now for everybody. Now, Iran's General Mohamed Reza Nakdi said the following on the Trump regime. He goes, they don't work for even the benefit of the American people. He goes, all these Trump regime, Donald Kushner, Witcock, all they're trying to do is manipulate the market. We've learned that all this is is a stock manipulation scheme. He goes, I bet you if you look into their portfolios, you will see and Iran claims they've looked into their portfolios. You can see the manipulation happen here. Play this clip on an interview he just gave with pbs. Let's play it.
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Not only do these people not work for the benefit of humanity, they don't even work for America. They work for their own interests. As soon as the stock market closes, they start hostilities. The stock market opens. They send positive messages to raise stock prices. All the while, they are buying and selling the stocks themselves.
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Iran's General Mohammad Reza Nakdi also says, we've gained so much damn experience from this war. And we've learned that the United States under Trump is far weaker than what we perceive. We're surprised by actually how weak they turned out to be. Here, play this clip.
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No, we have not yet reached our final objective. This is clear up until now. We are victorious in the future. We will continue to be victorious. The longer this war lasts, the more experience we gain. We had never seen a real war to gain real experience to learn how to fight with America. In these five months, we have learned how. We have also seen how the American military is weaker than what we perceived.
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More from Iranian General Mohammad Reza Nakdi. He says, here's the thing, even if Iran runs out of ballistics, which were not even close, he goes, for every time you see a ballistic missile that shot, we produce many more that day. For every Shahi drone that gets launched, we produce more that day. But where the real danger is for the United States if we run out of our weapons, we, we know where all of your economic interests are in the region. So if that were to ever happen, that's when you should be most afraid. But he's like, we know that you ran out of your weapons. We have an abundance of weapons. And the Shahi drones cost 100 a buck 50, 150,000, $200,000. Some of those Iranian ballistic missiles cost hundreds of thousands, whereas the interceptors cost 4 million, 5 million. The THAAD interceptors are $11 million each and they have to fire two for every one Iranian drone or one Iranian ballistic. And so that's why the US ran out of its interceptors. Heck, during one evening In Jordan, the US launched at least 50 to 60 interceptors, literally 200 to $300 million, probably more gone like that. And three US service members were killed. And the Iranian ballistics have now developed mid air direction alteration so it could avoid our interceptors as well. I mean, you give Donald Trump, you give someone who's supposed to be the commander in chief charge of what's supposed to be the strongest military of humankind. And this is what this pathetic fool does where he has to crouch in damn catering truck. Here, play this clip.
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Rest assured, even if this war lasts for years, until the last day, Iran's rockets will be launched. I will make this point, and this is more important than missiles. If there comes a day when Iran has no more missiles left, that's when we will be even more dangerous for America. How would you be more dangerous? Because America has thousands of economic interests throughout the world and all of them can be easily destroyed.
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More from Iranian General Nakdi over here talking about the importance of attaining deterrence. Let's play this clip.
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Look, we have to attain deterrence so that the enemy never dares to attack us, so we can live with security. One way is to prolong this war until we get to the next term of the presidency and cause attrition. So that if anyone else wants to attack Iran, they will know there is a cost.
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And then back on the homeland here, as we know about all of those Doge cuts to the health industries, the agricultural. I mean, the health departments, the agricultural department departments, all of these things. It seems like every day there's a story like this. More than 3200 pounds of pastrami and corned beef are recalled over possible listeria contamination. City Foods issued the recall after routine inspection, found possible hysteria contamination. How many times, you know, are you going to have stories like this? And by the way, you know, this stuff's just the tip of the iceberg where all of the checks that we had to try to stop these things have been destroyed by Doge and Elon Musk and Russ Boat and the whole gang of criminals right there. Speaking of the gang of criminals, speaking of market manipulation, this was announced this morning from the Treasury Department. Today, the Treasury Department issued a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information. Uh, today the Treasury Department also announced that it will delete previously reported information by U.S. persons from the Beneficial Ownership information database. Why would you delete the information? 1. Why would you make a rule like this to allow money laundering? And then why would you delete the information of prior beneficial ownership? As Tom Milanowski, a former member of Congress who helped shepherd this law that was bipartisan, that Republicans equally supported as Democrats, is what he says. I helped pass this law in 2020. Its purpose is to prevent drug traffickers, Russian and Chinese kleptocrats, and other international criminals from setting up anonymously owned companies to hide their money in the U.S. trump's Treasury Department is doing this to help criminals. Beneficial ownership is just a record of who actually owns a company. That's all that was being reported here. So that we didn't have LLCs and Delaware laundering millions of dollars through the US into offshore banks on behalf of totally anonymous people. The treasury deleting the beneficial ownership info it already gathered is utterly crazy. This database was not public. It was just for law enforcement to use in investigating crimes. It's like Trump ordering the deletion of the FBI's finger base fingerprinting database. But who knows, they probably have done that already, too. What do you think happens when you have criminals running the government? These are damn criminals. That's who they are. Call them out. This isn't normal political times. We have criminals, we have crooks, we have war criminals, we have sexual predators in charge of this government, and they are behaving exactly. Exactly what you would expect them to behave like they're awful things. Hit subscribe. Let's get to 7 million. Thanks for watching. Before you go, our book WTF America is available for preorder now. It's the story of how we got here and how we fight our way back. To pre order, scan the QR code or click the link in the description. Let's do this.
The MeidasTouch Podcast – Episode Summary
Episode Title: Trump Panics as US in Full Retreat
Date: August 12, 2026
Podcast: The MeidasTouch Podcast
Hosts: Ben, Brett, and Jordy Meiselas
In this urgent episode, the Meiselas brothers confront mounting crises resulting from Donald Trump’s foreign and domestic policies, focusing on the chaotic U.S. retreat in the Middle East, alarming morale among U.S. service members, alleged market manipulation by top administration figures, and the dismantling of anti-corruption regulations. They weave in direct quotes, on-the-ground reporting, and jarring analysis, highlighting how Trump’s actions have inflamed global instability, weakened U.S. interests abroad, and eroded the rule of law at home—all with their signature blend of candor, wit, and righteous outrage.
Opening Segment (00:00–02:00)
“He is a complete and utter lunatic, a complete and utter psychopath.” — Ben (00:15)
Embassy Closures & Base Evacuations (00:10–02:30)
The Rise of the “Mecca Pact” (03:00–04:45)
“What a big deal the Mecca Pact is…moving away from the US security umbrella.” — Ben (03:40)
Iran’s Strengthening Position within BRICS (04:45–06:00)
USS Abraham Lincoln Sailor Suicides (05:15, 09:30)
“Welcome to the Trump hellscape, where he has bankrupted everything he’s touched his entire life.” — Ben (06:40)
Economic Pain at Home (02:00–03:00)
Dismantling Anti-Money Laundering Rules (07:00–10:00)
“The treasury deleting the beneficial ownership info...is utterly crazy. This database was not public. It was just for law enforcement…It’s like Trump ordering the deletion of the FBI's fingerprinting database.” — Quoting Tom Malinowski (10:00)
Iranian Leadership’s Accusations (10:00–14:00)
“Not only do these people not work for the benefit of humanity, they don't even work for America. They work for their own interests.” — General Nakdi (10:26)
“If there comes a day when Iran has no more missiles left, that's when we will be even more dangerous for America.” — General Nakdi (13:07)
Moral Clarity and Political Mobilization
“This isn’t normal political times. We have criminals...and they are behaving exactly [how] you would expect them to behave—like they’re awful things.” — Ben (after 14:00)
| Timestamp | Segment | |:----------:|:----------------------------------------------------------------------------------| | 00:00–02:00| Trump’s rant, delusional claims, early reports of U.S. retreat | | 02:00–06:30| Middle East diplomatic/military collapse, rise of the Mecca Pact & BRICS | | 05:15 | Reports of sailor suicides & “Trump hellscape” on supercarriers | | 06:30–07:30| Deterioration at home: gas prices, resource depletion | | 07:00–10:00| Treasury’s removal of beneficial ownership rules & dangers of money laundering | | 10:00–14:00| Iranian Gen. Nakdi interview: market manipulation and military balance shift | | 13:07 | Gen. Nakdi on leverage if missiles run out | | 14:00+ | Warning signs: health, food recalls, institutional collapse, moral callout |
This sobering episode pulls no punches in documenting the spiraling consequences of Trump’s policies, both domestically and internationally: loss of American geopolitical clout, humanitarian crises among U.S. forces, profound economic pain, and the systematic undoing of checks on government corruption. As foreign adversaries exploit American vulnerabilities and the gears of accountability grind to a halt, the Meiselas brothers offer a clarion call for awareness, outrage, and action, keeping their community informed amid chaos.
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This summary captures the urgent tone and pointed commentary of the hosts, spotlighting the most important discussions and delivering key facts and quotes for listeners who may have missed the episode.