The MeidasTouch Podcast Summary: "Trump Goes Absolutely Nuts After Biggest Loss Yet"

Release Date: May 29, 2025

In this episode of The MeidasTouch Podcast, hosts Ben, Brett, and Jordy Meiselas delve deep into the tumultuous aftermath of former President Donald Trump's latest significant defeat—the invalidation of his imposed tariffs by the United States Court of International Trade. The discussion is rich with political analysis, sharp commentary, and the brothers' signature banter, providing listeners with a comprehensive understanding of the implications of Trump's actions and the broader impact on American democracy and the economy.

1. Federal Trade Court Ruling and Its Implications

Timestamp [01:00]

The episode opens with a critical analysis of the Federal Trade Court's decision to invalidate Trump's tariffs, which were imposed under the International Emergency Economic Powers Act (IEEPA). The hosts express jubilation over the ruling, highlighting its significance for the U.S. economy and legal integrity.

Ben Meiselas comments, “The court ruled that no president has the authority to single-handedly raise taxes whenever they please,” emphasizing the legal boundaries that were reaffirmed by this decision.

Key Points:

• Legal Victory: The ruling is portrayed as a major triumph for Attorney General Letitia James and the coalition of 11 other attorney generals who successfully sued the Trump administration.
• Economic Impact: The invalidation of tariffs is seen as a move that prevented a massive tax hike on American businesses and families, which could have exacerbated inflation and led to widespread job losses.

Attorney General Letitia James’ Statement: The podcast references the official statement released by Attorney General James, underscoring the court's decision as a pivotal step in protecting American jobs and the economy from illegal policies.

2. Market Reactions and Economic Analysis

Timestamp [02:30]

The hosts transition to discussing the immediate market reactions following the court's decision. They note that Wall Street celebrated Trump's loss, as evidenced by soaring futures which reflected investor confidence in the court's ruling.

Brett Meiselas states, “The futures were soaring following Donald Trump losing in court, just showing what a loser Donald Trump is,” highlighting the negative impact Trump's actions have had on market stability.

Carl Quintanilla's Analysis: The podcast references Carl Quintanilla’s post from Yardini Research, illustrating that the U.S. stock market lagged significantly behind international markets for the year. This underperformance is linked to Trump's policies, suggesting that his administration's economic strategies were detrimental to the U.S. market's global standing.

3. Trump's Response and Subsequent Actions

Timestamp [03:15]

In reaction to the court's decision, Trump’s frenzied response is scrutinized. The hosts describe his actions as erratic and out of touch, particularly his attempt to spin the loss as another victory.

Jordy Meiselas mocks, “This is literally a madman maniac right now,” referring to Trump's chaotic behavior post-verdict.

Key Actions Discussed:

• Legal Appeals: Despite the favorable ruling against his tariffs, Trump immediately filed an appeal, demonstrating his refusal to concede defeat.
• Public Statements: Trump's public statements are criticized for lacking coherence and for his tendency to divert blame onto others, including derogatory remarks towards his own advisors.

Notable Quote: Ben Meiselas remarks at [04:20], “Trump always chickens out. The world is laughing at that vile trash,” encapsulating the brothers' disdain for Trump's perceived cowardice and incompetence.

4. Critique of the MAGA Movement and Republican Leadership

Timestamp [04:50]

The discussion shifts to the broader implications for the Republican Party and the MAGA movement. The hosts criticize Republican leaders for their inability to effectively support Trump's policies, labeling them as weak and indecisive.

Brett Meiselas asserts, “One of the aspects of this whole MAGA movement that I kind of despise the most is that at their core, these are weak and pathetic individuals. They are cowards.”

Key Points:

• Lack of Loyalty: The Republican members of Congress are portrayed as failing loyalty tests by not staunchly supporting Trump's tariffs, which the hosts deem essential for maintaining MAGA solidarity.
• Leadership Failures: The podcast suggests that Republican leadership is ineffective, undermining the party's ability to present a unified front.

5. Interaction with Dan Bongino and FBI Focus

Timestamp [05:57]

A segment of the episode critiques Dan Bongino's recent statements regarding the FBI's focus on COVID-19 and the origins of the virus. The hosts argue that Bongino is misplacing priorities by not addressing more pressing issues like the infiltration of Trump's "dirty money" into U.S. systems.

Jordy Meiselas mocks Bongino, saying, “He should be focused on things like maybe it's a big deal that the FBI DOJ task force regarding blocking Russian billionaires from hiding their cash.”

Key Points:

• Misguided Priorities: The hosts believe that the focus on COVID-19 origins detracts from more significant threats posed by financial corruption and money laundering linked to Trump and his associates.
• Critique of Federal Actions: There's a strong condemnation of the dismantling of anti-corruption task forces, which the hosts view as enabling the flow of illicit funds into the U.S.

6. Trump’s Air Force One Deal and Further Legal Troubles

Timestamp [06:43]

The podcast covers Trump's attempted deal with Qatar involving Air Force One, highlighting the complexities and legal liabilities that have stalled the transaction.

Ben Meiselas criticizes, “Trump initially said it was cutter that reach out to him and blah, blah, blah,” expressing frustration over what he perceives as Trump's incompetence and inability to secure beneficial deals.

Key Points:

• Failed Negotiations: The deal's failure is attributed to Trump's poor negotiation skills and the concerns surrounding the jet's security and legality.
• Legal Complications: The transformation of the sale into a gift is scrutinized as a maneuver fraught with legal risks, further undermining Trump's credibility.

7. Societal and Personal Reflections

Timestamp [07:30]

Towards the end of the episode, Jordy Meiselas shares a personal anecdote about his dogs named Taco and Chiquito, adding a touch of humor to the otherwise intense discussion.

Jordy Meiselas remarks, “I have Taquito and Chiquito. So when we call him Taco, even though we're mocking him, I don't want to mock my little cute Maltese.”

Key Points:

• Balancing Humor and Critique: This segment exemplifies the podcast's blend of serious political analysis with lighthearted moments, making the discussion more relatable and engaging for listeners.

8. Conclusion and Call to Action

Timestamp [07:51]

The episode wraps up with a call to action for listeners to subscribe and engage with the podcast on social media, encouraging them to join the MeidasMighty community.

Ben Meiselas concludes, “Hit. Subscribe. Let's get to 5 million subscribers. Love this video.”

Notable Quotes with Timestamps

• Ben Meiselas [01:00]: “The court ruled that no president has the authority to single-handedly raise taxes whenever they please.”

• Brett Meiselas [02:30]: “The futures were soaring following Donald Trump losing in court, just showing what a loser Donald Trump is.”

• Jordy Meiselas [04:20]: “Trump always chickens out. The world is laughing at that vile trash.”

• Brett Meiselas [05:57]: “He should be focused on things like maybe it's a big deal that the FBI DOJ task force regarding blocking Russian billionaires from hiding their cash.”

• Jordy Meiselas [07:30]: “So when we call him Taco, even though we're mocking him, I don't want to mock my little cute Maltese.”

Final Thoughts

In this episode, The MeidasTouch Podcast offers a scathing critique of Donald Trump's latest political and legal setbacks. The hosts meticulously dissect the ramifications of the Federal Trade Court's ruling, explore the instability caused by Trump's erratic behavior, and question the efficacy of the current Republican leadership. Through a blend of sharp analysis and personal anecdotes, the Meiselas brothers provide listeners with a nuanced perspective on the ongoing political turbulence, reinforcing their commitment to upholding democracy and accountability in American politics.