Trump has Morning Meltdown after Major Losses

Summary

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The MeidasTouch Podcast

Episode: Trump has Morning Meltdown after Major Losses
Date: June 29, 2026
Hosts: Ben, Brett, and Jordy Meiselas, with analyst Ron Filipkowski

Episode Overview

This episode dives deep into former President Donald Trump's turbulent week, marked by a series of legal defeats, foreign policy blunders, and a failed public event. The hosts dissect Trump’s online outbursts and the broader implications for American democracy, also examining the reactions from Trump's allies and critics. The tone balances pointed analysis with a dose of signature Meiselas brother banter and unapologetic advocacy for democratic values.

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Key Discussion Points & Insights

1. Trump’s Online Meltdown and the Failed State Fair

• [01:01] Ron Filipkowski opens by describing Trump's "psychotic meltdown" following several setbacks—international and domestic.

  • Trump boasted about the “Great American State Fair at the National Mall,” but hosts point out widespread criticism and low attendance.
  • Quote: “This is quite literally the worst fair objectively I think anybody has ever seen. ... When Donald Trump says that he’s made America the best country ever, just think of the fair and the reflecting pool as the symbolism of what he's turned the United States into.” – Ron Filipkowski [01:33]

• [01:48] The brothers mock Trump’s claims about “highest polling numbers ever,” noting his poll numbers are historically low.

2. Iran Crisis and Market Manipulation

• [03:14] Trump posts about an impending meeting with Iran in Doha, which analysts say is delayed and now centers on control over the Strait of Hormuz.
  • Ron emphasizes the market manipulation angle: “You were forced to surrender in a catastrophic and unlawful war that you should have been involved in in the first place.” [04:09]
• [04:02] U.S. oil reserves are at record lows, contributing to economic instability.

3. Major Supreme Court Defeats

• [04:32] SCOTUS declines Trump’s appeal in the E. Jean Carroll case, solidifying his civil liability as a sexual predator.
  • “Donald Trump has been adjudicated a sexual predator and that he has been found civilly liable for sexually assaulting E. Jean Carroll and for defaming her.” – Ron Filipkowski [04:45]
• [05:07] Another Supreme Court ruling allows states to count mail-in ballots postmarked by Election Day, angering Trump.
• [06:13] Trump's latest posts draw further defamation risk: “Gives E. Jean Carroll another defamation case against you if she so chooses.” [06:29]

4. Supreme Court Rulings: Mixed Results

• [07:07] Supreme Court prevents Trump from firing Federal Reserve Board Governor Lisa Cook, preserving some institutional independence.
  • Notably, another SCOTUS decision grants more firing power to the President in other agencies—a move the MeidasTouch team frames as dangerous authoritarian overreach.

5. State-Controlled Media and the Fair Flop

• [08:53] The hosts discuss sycophantic coverage from right-leaning outlets attempting to prop up the failed state fair.
  • “No one showing up to your state fair, which is the lightest lift to make the state fair a special event.” – Ron Filipkowski [08:33]
• [09:31] Aaron Rupar’s viral commentary: “Did the rapture happen overnight? It’s completely empty here, which we’ve always been seeing. But Donald Trump, this is the greatest, most highly energetic event.” [09:31]

6. Geopolitical Instability: Iran, Israel, Lebanon, and Syria

• [13:16] Discussion of contradictory narratives about the U.S.'s Iran strategy and market impact, including dubious claims from Trump’s former economic adviser Kevin Hassett.
  • Notable quote about Republican spin: “What this weekend shows us is that Iran should never test the resolve of Donald J. Trump.” – Kevin Hassett, played on air [12:34]
• [14:17] The Israeli Defense Minister claims Trump is preventing further collapse of Hezbollah but is failing to stabilize the region.

7. Venezuela Aid Crisis

• [15:41] Hosts comment on the humanitarian crisis in Venezuela and the U.S. government's convoluted and ineffective support.
  • “The US has taken like $5 billion of our oil already… Now you want to give us $100 million, but it seems that that money’s going to Delsey and it’s going to Diesado Cabello and not the people.” – Ron Filipkowski [16:07]

8. Republican Strategy: Attack, Divide, Distract

• [16:40] The new White House messaging strategy: labeling Democrats “radical extremists” and “communists.”
  • Clip played: “These are Radical Marxist ideas that have never worked in the history of the world.” – Political Commentator [17:07]
• [17:41] Trump allies in Congress openly admit obstruction is more important than bipartisan progress:
  • “If Elizabeth Warren thinks a bill is great, then it probably isn’t. … I didn’t come to Washington to work with Democrats. I came to Washington to beat them.” – MAGA Republican Politician [18:20]

9. Positivity and Grassroots Democracy

• [18:50] Hosts highlight the joy and unity seen in public events like NYC and Toronto Pride Parades, countering the negative tone set by MAGA rhetoric.

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Notable Quotes & Memorable Moments

• On Trump’s mindset:

  • “We should not forget that the sicko in the Oval Office who’s out there destroying everything is indeed an adjudicated sexual predator. That should be disqualifying.” – Ron Filipkowski [06:50]

• On MAGA partisanship:

  • “I didn’t come here to do deals. I came here to beat the other side. That’s what American people hate about MAGA right now and hate about Trump.” – Ron Filipkowski [18:07]

• From a Republican listener:

  • “I am a three-time Trump voter Republican from Ohio. I’m so grateful for your channel. He needs to be immediately removed from office. I’m so scared for our nation right now. There is no joy in his demise, only extreme concern for all of us in this nation.” – Listener Cindy [19:48]

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Timestamps for Important Segments

• 01:01 Trump’s public meltdown and state fair flop
• 03:14 Iran negotiations delay; market manipulation allegations
• 04:32 Supreme Court’s final rebuke on E. Jean Carroll case
• 05:07 Key Supreme Court rulings on mail-in ballots
• 06:13 Ongoing defamation risks from Trump’s posts
• 07:07 SCOTUS preserves Fed independence; expands executive power elsewhere
• 08:53 Regime media and the failing state fair
• 12:34 Clip: Kevin Hassett defends Trump’s Iran policy
• 14:17 Israel-Lebanon-Syria conflict fallout
• 15:41 Venezuela’s aid crisis exposed
• 16:40 White House messaging: “Democrats are communists”
• 17:41 MAGA lawmaker admits to prioritizing partisan opposition
• 18:50 NYC and Toronto Pride Parade celebrations
• 19:48 Republican listener’s letter on Trump’s impact

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Final Thoughts

The episode paints a picture of Trump and the MAGA movement as increasingly desperate, facing legal and policy roadblocks while resorting to divisive rhetoric. It juxtaposes this with moments of hope and unity—both from American voters across the political spectrum and public events worldwide. The MeidasTouch team urges listeners to stay engaged, listen to those directly affected, and fight for democratic values.

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For more episodes and exclusive content, visit MidasPlus.com.

Transcript

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[Podcast Host / Narrator]

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[Ron Filipkowski]

having a psychotic meltdown all morning as the losses continue to pile up. Losing to Iran, losing in the Supreme Court, throwing the loser America 250 fair, which may be the worst fair I think anybody has ever seen. Let me show you what Donald Trump has been posting this morning and let me bring the receipts as we always do here on the Midas Touch Network. Just a reminder, make sure you subscribe to the YouTube channel. We're almost at 7 million subscribers. Let's get there together. Here's what Donald Trump posted moments ago. Do you think people appreciate what a fantastic job we did in building and operating the Great American State Fair at the National Mall, packed with happy people and everybody loving it. Ask yourself this simple question. Do you think that Obama or sleepy Joe Biden could have done it? The answer is no. This is quite literally the worst fair objectively I think anybody has ever seen and it could have actually been a great event. So if Donald Trump thinks that this is the best fair ever. When Donald Trump says that he's made America the best country ever, just think of the fair and the reflecting pool as the symbolism of what he's turned the United States into, then he goes on and says highest polling numbers ever. Even higher than election day November 5th. This despite the fact that Iran will not have a nuclear weapon. I don't really think you're using the words this despite the fact that in

[Co-host / Analyst]

the right context there.

[Ron Filipkowski]

But no, your polling is at an all time low. You are in the low 30s and heading for the 20s as the American people hate you, then as Donald Trump had to finish manipulating the or how to continue manipulating the markets and had to finish striking Iran to manipulate the markets this weekend. Here's what Donald Trump just posted.

[Co-host / Analyst]

Iran has requested a meeting. It will take place tomorrow in Doha.

[Ron Filipkowski]

Was actually supposed to take place today, but meetings were supposed to take place over the weekend. They were actually supposed to be about Iran's nuclear enrichment, but it's no longer going to be about that. It's going to be about control over the Strait of Hormuz and Iran's red lines that the US needs to stop telling ships to not use the IRGC controlled route because the US keeps violating the MoU. So yes, it has been delayed a few days. Witkoff and Kushner are gonna be there, not J.D. vance, which further just shows that nothing is going to get done. And it just further reflects the fact that you're manipulating the markets.

[Co-host / Analyst]

And here he proves it again.

[Ron Filipkowski]

WTI crude $69 and heading down. You may also wanna let people know there, Donald, that the American Strategic Reserves in Cushing, Oklahoma have basically hit tank bottom right now. And as a result, you were forced to surrender in a catastrophic and unlawful war that you should have been involved in in the first place. But as I said, it's not just foreign policy disasters, which I'll get to more of that in a bit. Also, Donald Trump is having a bad day in the Supreme Court, mostly. The United States Supreme Court declined to hear Trump's appeal of the $5 million sexual abuse and defamation verdict won by E. Jean Carroll against him. That means that Trump has run out of appeals. We can say with 100% certainty, although we knew this before, that Donald Trump has been adjudicated a sexual predator and that he has been found civilly liable for sexually assaulting E. Jean Carroll and for defaming her. The Supreme Court declined to hear Donald Trump's final attempt to get that case reversed. Also, the supreme court in a 5 to 4 ruling, held that states may count mail in ballots that are postmarked on or before election Day, even if they arrive afterwards. That Donald Trump off as well. And he said, in light of the tremendous loss in the Supreme Court, we

[Co-host / Analyst]

need to save America Act.

[Ron Filipkowski]

And so Donald Trump has refused to sign the housing affordability bill because Trump wants his voter suppression bill to be passed instead of housing affordability because Donald Trump is an authoritarian dictator and a really bad and incompetent one too. Although they're all bad and usually incompetent as, as well. Um, Donald Trump also posted.

[Co-host / Analyst]

Surprisingly, the Supreme Court declined to review the fake case brought against me by a woman I never met.

[Ron Filipkowski]

Yeah, well, a jury of your peers found unanimously that you engaged in sexual assault of E. Jean Carroll. It's not a fake case. And by the way, you saying that

[Co-host / Analyst]

gives E. Jean Carroll another defamation case

[Ron Filipkowski]

against you if she so chooses. And she has the ability to file

[Co-host / Analyst]

a lawsuit just based on that post

[Ron Filipkowski]

alone because you are defaming her and saying that she is a liar and brings fake cases against you when you've

[Co-host / Analyst]

now been adjudicated at the highest level to be a sexual predator.

[Ron Filipkowski]

Just pull back for a second, folks. Pull back for a second because we should not forget that the sicko in the Oval Office who's out there destroying everything is indeed an adjudicated sexual predator. That should be disqualifying without me even having to say. It should also be noted that the Supreme Court ruled against Donald Trump's position where Trump wanted to immediately fire the Federal Board, the Federal Reserve Board, Governor Lisa Cook. The Supreme Court prevents Trump from firing Fed Governor Lisa Cook. It's a 5 to 4 vote. This is what was in the ruling. The majority ruling was written by Judge Justice Roberts. He writes, the founders knew from experience the calamities that could arise from even the suspicion of political manipulation of monetary policy. There was a bad ruling though today as well in the Supreme Court which overturned the Humphreys executor case, which would allow the president, unfortunately in this case, Donald Trump, to fire the heads of agencies in all other agencies and departments, just not the Federal Reserve. That has a carve out under the Lisa Cook case right here. And the Supreme Court says the Federal Reserve is different based on its history. Now Donald Trump wants to constantly attack Obama and Biden. Well, no one showing up to your state fair, which is the lightest lift to make the state fair a special event.

[Co-host / Analyst]

Right. Tickets to the Obama Presidential center are

[Ron Filipkowski]

all sold out through November and probably later at this point. You know, it's interesting though to watch how state regime media, the same way they try to pump the Melania movie, because they're regime news, they're state regime media.

[Co-host / Analyst]

Right.

[Ron Filipkowski]

The way they're trying to pump this state fair. And nobody who wants to go to a state fair being run by a sexual predator and somebody who is destroying the country and who's turned it into like a weird thing and who refers to musical performers who are concerned about being there as quote, libtards, like who wants.

[Co-host / Analyst]

The American people don't want to be

[Ron Filipkowski]

at an event like this. And it also just looks bad. There's nothing there. There's price gouging.

[Co-host / Analyst]

It's gross.

[Ron Filipkowski]

But here's how they keep on pushing it on state regime media. And as Aaron Rupert said, did the rapture happen overnight?

[Co-host / Analyst]

It's completely empty here, which we've always been seeing. But Donald Trump, this is the greatest,

[Ron Filipkowski]

most highly energetic event. And Obama and Biden could not do such a great event here. Play this clip.

[Podcast Host / Narrator]

So, yes, it's typically hot in the summer, but it's not this hot in the summer. That's it from here for me. But a guy who knows all about places that are hot, Lawrence L.J. you're over in Texas, I think, where

[Reporter / Field Correspondent]

it's always hot in the heat. I was born in heat and that's Texas.

[Podcast Host / Narrator]

Yeah, you were.

[Reporter / Field Correspondent]

Adam, thank you so much. All right, so we're right in front of the, the Texas tent. This is where everything big happens. All right, if you look over there, there's a rodeo. You're going to get cattle, you're going to get horses. And that's all from Texas. But I want y' all to meet a special friend. You know her well. Let's go. This is the Secretary Agriculture, my friend from a long time. It's good to be back home. Yeah.

[Ron Filipkowski]

I actually feel bad right here for this U.S. marine band. This the quartet who's being used by the Trump regime to try to attract

[Co-host / Analyst]

people to this fair.

[Ron Filipkowski]

But Fox will regime media.

[Co-host / Analyst]

Regime media gonna. Regime media here.

[Ron Filipkowski]

Play this clip.

[Co-host / Analyst]

So then they bring on, you know,

[Ron Filipkowski]

CNBC's basically become regime media adjacent at this point. You know, it's sad. They bring on Kevin Hassett. Kevin Hassett, Trump's national economic advisor. This guy's been wrong about everything his entire life. Hassett, like, he's literally known as like picking the saying, this is the economy's about to boom. And then like, and then that's like when the dot com crash happens, like right before the Great Recession.

[Co-host / Analyst]

Now you need to get in.

[Ron Filipkowski]

I mean, this guy's the worst. So he goes on cnbc, though, and he goes, what this weekend shows us is that Iran should never test the resolve of Donald J. Trump. What are you even talking about? Iran has made it clear that if ships, if vessels and tankers and cargo ships use the Oman route, they will be hit. Then when the United States struck Iran, Iran struck back and hit American military bases in Bahrain and in Kuwait. And then Donald Trump's like, oh, crap,

[Co-host / Analyst]

the futures market's about to open. It's Sunday at 2pm what am I going to do?

[Ron Filipkowski]

Or 5pm on the east Coast, I

[Co-host / Analyst]

got to call Barack Ravid at Axios and say we're going to Doha and we're, or we're going to Switzerland or we're doing all these things and we're going to be meeting, we're going to be meeting with Iran. Things are very productive. Again, the American people know your market manipulation. We know that you do the strikes the Friday after the market closed. On Sunday, you go to Barack Ravid at Axios or whoever your preferred reporter

[Ron Filipkowski]

is and say we're doing talks and you manipulate the market while you're screwing the American people. Here's what Hassett has to say. Play this clip.

[Podcast Host / Narrator]

My view is that what's going to happen between NOW and the 60 day memorandum of understanding discussion is that they'll be testing the resolve of the president now and then. And nobody should ever try to test the resolve. Donald Trump, there was a little bit of a test this week and of course he delivered, you know, a pushback that has the back of the table. And the bottom line, the macro picture is that the straits are going to be open, Iran's not going to have a nuclear weapon and the global oil market is going to be safer and there's going to be more oil than you've ever seen before and risk premia in the Middle east will go down because of the peace that President Trump has negotiated.

[Ron Filipkowski]

Well, it's interesting too, Hassad says nobody ever, nobody should try our resolve, okay? Because this morning Israel launched attacks on Syria. Also, it further launched attacks in southern Lebanon. An Israel defense minister, Israel Katz, that's the guy's name, his name is Israel. Katz from Israel, said in a briefing

[Co-host / Analyst]

to military reporters moments ago Trump is preventing Hezbollah's collapse. Trump linked Iran to Lebanon because he

[Ron Filipkowski]

wanted to close the deal with, with Tehran, with Iran. Israel's defense minister says, I inform the commanders of CENTCOM we will not withdraw from the security zones in Gaza, in Syria, in, in Lebanon. Iran has not yet decided whether to

[Co-host / Analyst]

return to the nuclear program. And then Israel's defense minister, I'm quoting him, says the fighting with Iran will

[Ron Filipkowski]

resume either because Trump decides negotiations are

[Co-host / Analyst]

exhausted or because Iran fires on Israel. If Iran attacks, there will be the third Iran war. So this morning Syria had to condemn Israeli incursions and shelling in the southern governance area, calling it a violation of their sovereignty. Not only Israel striking in Lebanon, in Syria as well. Syrian President Ahmed Al Shara, who used

[Ron Filipkowski]

to go by Al Jelani when He was the leader of Al Qaeda.

[Co-host / Analyst]

He says Israeli entity, which has always accustomed us to targeting our stability and creating discord among us since the overthrow of the now defunct regime, is now seeking once again to turn our pure

[Ron Filipkowski]

land into an arena of chaos.

[Co-host / Analyst]

So, Donald Trump, you can manipulate the market, but the Midas touch viewers, we

[Ron Filipkowski]

see the geopolitical landscape right now, and we know that you've made things more unstable than ever before. Iran's Deputy Foreign Minister, Kazam Gharabadi just posted that the first meeting of the Hormuz Joint Committee was held today in Muscat, Oman, with Oman's Foreign affairs minister,

[Co-host / Analyst]

where the two reviewed current issues in the Strait, discussed its feud literature management

[Ron Filipkowski]

as outlined in paragraph five of the MoU.

[Co-host / Analyst]

Briefly turning our attention to Venezuela for

[Ron Filipkowski]

a moment, where there was outrage after a video emerged. But this is what's going on in the ground that Venezuela's feared Interior Minister d' Estado Cabello was basically, you know,

[Co-host / Analyst]

this is they, they frame it as blocking US Rescue delegation from helping Venezuelans. But the reality is, is that this

[Ron Filipkowski]

guy's Del Rodriguez's enforcer. And the people of Venezuela are like, we need earthquake relief right now. And the US has taken like $5

[Co-host / Analyst]

billion of our oil already.

[Ron Filipkowski]

It hasn't helped Americans at all one bit. Americans aren't feeling, yay, we got it. Who the hell even knows where that money is going? Now you want to give us $100 million, but it seems that that money's going to Delsey and it's going to Diesado Cabello and not the people.

[Co-host / Analyst]

And so the people of Venezuela are like, what the heck is going on here?

[Ron Filipkowski]

But you have White House Press Secretary Caroline Levitt. You know, this is going to be their plan heading into the midterms, which

[Co-host / Analyst]

is just to say, but the Democrats are radical extremists. They're communists, everybody. Yes, we're not signing affordability bills. And yes, we screwed you over. And yes, we promised to bring down prices, but prices are higher. But communism, we're going to scare you and divide you. Communism.

[Ron Filipkowski]

Here, play this clip.

[Political Commentator]

After his election, the president invited him in to have productive conversations about the future of our country. However, I know the president and many Americans are extremely concerned where how far left the Democrat Party is moving. You see these candidates? This is not your granddaddy's Democrat Party. These are communists. The president is right to call them that. They want to abolish private prisons. They want to abolish the police. They want to abolish private property. These are Radical Marxist ideas that have never worked in the history of the world.

[Co-host / Analyst]

And then MAGA Republican Congress members like

[Ron Filipkowski]

Randy Fine giving away the whole game.

[Co-host / Analyst]

So, like, why is it that, like,

[Ron Filipkowski]

you and Trump are not supporting the housing affordability bill?

[Co-host / Analyst]

Isn't it a pretty good accomplishment for

[Ron Filipkowski]

once Republicans and Democrats work together where you have Tim Scott of MAGA Republican and Elizabeth Warren finding common ground for

[Co-host / Analyst]

housing affordability and he gives away the game. He's like, yeah, but if Elizabeth Warren

[Ron Filipkowski]

likes it and Democrats like it, then we hate it.

[Co-host / Analyst]

Then we.

[Ron Filipkowski]

I didn't come here to do deals. I came here to beat the other side. That's what American people hate about MAGA right now and hate about Trump. It's that attitude right there dividing us. Play this clip.

[MAGA Republican Politician]

Well, I don't know. I mean, look, my issue was if Elizabeth Warren thinks a bill is great, then it probably isn't. And that sort of how I look. The enthusiasm with which Democrats had for this bill got me spooked. And I didn't come to Washington to work with Democrats. I came to Washington to beat them. So that was where I was. As for the President, he'll do what he thinks is best and I trust his judgment. I certainly hope if he chooses to veto the bill, Republicans will not choose to override him. And certainly I won't be one of those doing that.

[Podcast Host / Narrator]

So I get it.

[Ron Filipkowski]

The President, you know what, they can

[Co-host / Analyst]

say all they want about people like Zoran Mamdani in New York, but I see joy. Here's New York City Mayor Mamdani marching

[Ron Filipkowski]

in his first pride parade in New York City. Let's play it. You know, they want to hate on

[Co-host / Analyst]

Mark Carney, Prime Minister of Canada. Watch Prime Minister Carney, you know, amongst the people in Canada at the Toronto Pride parade there.

[Podcast Host / Narrator]

Let's play it.

[Reporter / Field Correspondent]

Did you see that?

[Podcast Host / Narrator]

I got it.

[Cachava Nutrition Advertiser]

I got it.

[Ron Filipkowski]

And then I'll leave everybody with this note right here. A Midas Touch supporter, Cindy, writes the following.

[Co-host / Analyst]

I am a three time Trump voter Republican from Ohio.

[Ron Filipkowski]

I'm so grateful for your channel. He needs to be immediately removed from office. I'm so scared for our nation right now. There is no joy in his demise, only extreme concern for all of us in this nation. We have to make sure all of us listen to people like Cindy and understand that the pain, the suffering, the fear is real right now. It's not a talking point. Okay? And the American people see this corruption. They see the pain and psychological torture

[Co-host / Analyst]

that Trump is causing.

[Ron Filipkowski]

And what we need to do is listen and we need to fight for the people. That's what's most important.

[Co-host / Analyst]

Hit.

[Ron Filipkowski]

Subscribe let's get to 7 million. Thanks for watching everybody. We appreciate you want to stay plugged in. Become a subscriber to our [e-mail] you'll get daily recaps from Ron Filipkowski ad free episodes of our podcast and more exclusive content only [e-mail].