Donald Trump (5:10)

But we're going to tariff our pharmaceuticals. And once we do that, they're going to come rushing back into our country because with a big market, the advantage we have over everybody is that we're the big market. So we're going to be announcing very shortly a major tariff on pharmaceuticals. And when you and when they hear that they will leave China, they will leave other places because they have to sell most of their product is sold here.

Host or Commentator (5:37)

We did it, J.D. we did it. Lonely. J.D. you see that graphic right there? Also, one of the things that we learned is that Marjorie Taylor Greene buying lots of treasuries and making a lot of odd stock purchases and sales kind of right before the market started tanking and crashing. Doesn't really surprise me when it comes to Marjorie Taylor Greene right now. Apple' taking like emergency flights to try to put planes full of iPhones as they're going to be a run on iPhones right now. And Apple's getting crushed because of the tariffs Donald Trump put on Canada. I mean, on China and China's retaliation. Um, also, one of the things that we learned yesterday is Donald Trump's DHS Department of Homeland Security just ordered the migrants who were temporarily allowed to live in the US after using the Biden error CBP1 app that they're ordered to leave the country immediately. More than 900,000 people were allowed in the country using the CBP1 app since January 2023. A lot of these people are family members of Trump supporters. Venezuelans for Trump, Cubans for Trump, Latinos for Trump. And now they're being threatened. Self deport now or else you can end up in concentration camps in El Salvador. Self deport now or you can end up in ICE detention cent centers. No due process will throw you with naive Bukele's authoritarian regime in El Salvador. That's the message from the authoritarian Trump regime. But Donald Trump last night says this is the most successful 100 days yet of any administration in history. Here, play this clip.

Donald Trump (7:17)

I had somebody say the most successful month, first month in the history. Now they said the most successful 100 days in the history of our country. And I believe that's right. And we're going to continue that way, if not more so. And we're going to do tremendously in midterms. There's no.

Host or Commentator (7:35)

One of the things that I don't want to forget as I report on all of this as well is that federal spending has not gone, has not gone down at all. In fact, federal spending right now, despite all the wrecking ball that Trump and Musk took to the federal government and the hostile takeover, federal spending is higher. Donald Trump wants there to be a $1 trillion military budget. Of course that's going to add to the debt. It's going to add to our growing deficit. Trump added $8 trillion to the deficit his first term. I predicted 25 to 30 trillion, perhaps more. So government spending is not down. Government spending's up. Let's not forget also that Elon Musk was just awarded basically a $6 billion contract for space X by the federal government. And this is on top of Elon Musk being awarded lots of money by the FAA as they gut these age, surprise, surprise. Elon Musk's companies are filling the void. Also, Jeff Bezos got, I think over $2 billion from the federal government, from space, from the federal government as well. Take a look at this headline from Bloomberg. Stagflation is now America's best case Scenario. Stagflation is crashing. GDP and high inflation. That's stagflation. They're saying that this is the best case scenario. Trump's tariffs risk is a brute risk, a brutal combination of recession and inflation. The president's attack on free trade is truly extraordinary in scope. The impact will be devastating. Over the next six months, annualized inflation will likely climb to nearly 5%. Also, lots of experts predicting about 2 million job losses over the coming months as the effects of these tariffs start to kick in as well. I think one of the ways I visualize what's going on with these Trump tariffs right now, the fact that it's crashing the markets and the GDP is contracting so soon I think is shocking in the how fast this hit. But basically from an economist's perspective, you know how when a tsunami hits, the shore basically recedes, recedes, recedes. And most people who understand what that means would tell you, oh, a tsunami is coming. That's what's happening right now. The damage is done. So now it's waiting for this economic tsunami, stagflation, recession, great depression to swarm over the country right now. But as our editor in chief, Ron Philip Kowski says, okay, Trump's wrecking the economy, but at least we have RFK Jr in charge of public health. The center for Disease Control and Prevention's team of lead poisoning experts remained off the job Tuesday, a week after they were first laid off by Health and Human Services Secretary Robert F. Kennedy. And sweeping cuts to the nation's public health agencies cut to the CDC's branch responsible for investigating and preventing lead poisoning has brought multiple efforts to help local health authorities to a virtual standstill. Current and laid off agency officials say, including for lead poisoning responses that could have helped children in Milwaukee and on an American Indian reservation. So quite literally, Americans are dying of lead poisoning because we've fired the workers who are in that field. And we're going to see this in all other aspects of government as well. Oh, and on international foreign policy, many experts Experts internationally say the US Is now on course to potentially be at war with Iran. Coming soon based on the threats that Donald Trump has been making lately. What does Donald Trump and J.D. lonely J.D. van say? Are you happy yet? Are you happy? Say thank you. Say thank you. Say thank you. This is a deranged and demented authoritarian regime led by Donald Trump. A sexual predator, a criminal, a felon, someone found liable for fraud, a bankrupter. The world sees it. The world stands up and resisting. Tens of millions of people here in the United States are resisting. Trump's approval is plummeting. MAGA people. Republicans are off at Donald Trump. There's a mini revolt happening which I think is growing and gaining steam amongst MAGA Republicans in the Senate. We've seen MAGA Republican Rand Paul speaking out against Donald Trump. MAGA Republicans in the House know the disaster Donald Trump is causing, but they're too weak and obsequious to say anything as well. But we see, I think we see change shifting. And as Donald Trump continues to crash our economy, we'll see what happens, you know, with the markets today. But this is a Trump depression or recession or whatever. We're heading into Trump chaos. This one of the first, if not one of the first ever manufactured recessions or great recessions like actually done looks intentionally and maliciously. And I think it's for the reasons that I said earlier in the video. It's right out of the authoritarian playbook. Let me know what you think. Go to store.midas touch.com as well. Lots of people say where can we get the midas gear store.midas touch.com also go to midas plus.com we're heading to a million substack subscribers. Go to midas plus.com subscribe to our substack would be amazing. Thanks for watching. I have a lot of videos. We have a lot of videos coming today. I got a video on Canada video on Germany. I interviewed Democratic Congress member to goose you. Check out my Corey Senator Booker interview yesterday. We got a lot going on, a lot of info. Hit subscribe. Let's get to 5 million subscribers. Thanks for watching new Midas merch drop. Check out the latest pro democracy sticker packs, T shirts, pads, sweatshirts and more all@store.midas touch.com.