The MeidasTouch Podcast
The MeidasTouch Podcast

Trump Panics as War Suddenly Escalates

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MeidasTouch host Ben Meiselas reports on the major escalation of Trump’s disastrous war in Iran that just took place this morning as Israel and the United States targeted Iran’s largest natural gas pr...

Transcript

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There is cheese, a new kind of cheese that has to be eaten.

Now there is a package of bread, which is the best way to test it.

If you want to eat cheese, cheese, cheese, cheese.

Now there is cheese, which is the best way to test it. If you want to eat meat, you can eat meat with meat. But as long as you can eat meat with meat, you can eat cheese with meat. Donald Trump's unlawful war against Iran is spiraling out of control. Things are escalating the United States and Israel.

Are confirming that they've just targeted Iran's largest natural gas processing facility. Earlier this morning in southern Iran, Iranian reports indicate that these facilities

are affiliated with the south powers offshore gas field, were struck by Israel.

Israel said we did this with the United States. This is massive escalation folks that is how Iran is perceiving it as well.

Iran's Islamic Revolutionary Guard Corps, the IRGC, they've now issued evacuation orders

for four energy facilities in Saudi Arabia, Qatar and the United Arab Emirates following this morning's Israeli and we know these are joint Israeli U.S. strikes against energy infrastructure in southern Iran and these facilities include the major facilities in those nations that I mentioned, a spokesperson for Qatar's Foreign Minister just issued the following statement.

The Israeli targeting of facilities linked to Iran's south powers field, which is an extension of Qatar's north field, is a dangerous and irresponsible step amid the current military escalation in the region targeting energy infrastructure constitutes a threat to global energy security as well as to the people of the region and its environment. We reiterate as we have repeatedly emphasized the necessity of avoiding the targeting of

vital facilities.

We call on all parties to exercise restraint and hear to international law and work toward

de-escalation in a matter that preserves security and stability in the region. Now we're hearing from Donald Trump right now, moments ago he posted on his social media platform. Let's see how he is addressing this escalation, Donald Trump writes, "I wonder what would happen if we, quote, finished off and quote, what's left of the Iranian terror state and let

the countries that use it, we don't be responsible for the so-called straight and then he spells it, STR-AIG-HT, that would get some of our non-responsive allies in gear and fast DJT, that's your response to all of this right now, what are they saying in Iran right now? Iran is, their leaders are saying, we previously made clear and repeated warnings that were given to your rulers and Arab nations about entering down this dangerous path

and gambling with the fate of your nations and they say evacuate now, we are hitting your energy facilities. Wow, wow, wow. We now see right now Bloomberg is reporting folks that multiple oil and gas facilities in Saudi Arabia, Qatar and the UAE, they've been evacuated right now as a result of these. They're calling it Israeli strikes, but Israel saying we did it with the United

States. Israel strikes this morning again several energy sites in southern Iran and threats

made by Iran's Islamic Revolutionary Guard against these facilities. We're hearing now from

the Chief Propagandist at the White House, Karalai and Levitt. She says, we don't need the straightive or moves for our energy. Let's just let the others deal with it. Here's what she said. Let's play this clip. Has there been any movement overnight on behalf of our allies that are soft in their opposition about going through the straightive or moves? Not overnight, but the president

and his team, especially Secretary Hag Seth and Secretary Rubio, continue to be in touch with their counterparts in Europe. And of course, our allies in the Arab and Gulf region to step up and do more to help the United States in securing the straightive or moves. This is to their benefit. More so than it is to the benefit of the United States. Thanks to President Trump. We are a net exporter of energy. We don't need the straight of her

moves for our energy here at home. For the American people, of course, we want the straight to be open for the global oil market and to stabilize prices and bring them down. Again, and we have options at the military has options to continue doing that, but the

President is right to call on our allies to step up to do more.

And then Caroline Levitt says NATO is being very unfair to us right now. Very unfair NATO. This

is the messaging from the White House right now during this massive escalation as oils what?

It's going to hit $150 a barrel soon. And you're attacking NATO. You're playing this clip. You know, one of President Trump's guiding principles is fairness. And he has long called out NATO for what for being what he believes in unfair alliance for the American people, the American taxpayer and our U.S. armed forces. You look at some of the trade deals with our NATO allies. The president has worked to renegotiate and reset those to make them more fair

for the American people and American workers. You look at the fact that the United States has thousands of troops on our allies and NATO's soil. We're paying these countries billions of dollars in our troops on their soil serves as a deterrent for them. And the president wants the American taxpayer and our American military to be treated fairly. He feels sometimes with NATO. They are not. And he's right to call that out and he's right to call on them to step up and do more.

Especially when reopening the straight benefits them even more than it does the United States of America. There are troubles here at home as well. The Department of Homeland Security remains shut down and Mark Wayne Mullen has his hearing. We're going to hear from him. More from Caroline Levitt right here. She says, "Rest assured everybody, there is a plan." Here, play this clip. President is going to continue to talk to our allies,

both in Europe and also in the Gulf and Arab region. The United States military has a lot of capabilities as you have seen play out over the last 18 days. They still do have tricks up their sleeve. I won't broadcast them for the media, but rest assured there is a plan. They're working on it. We have seen some progress with respect to that, but of course the president, again, continues to call on our allies to step up and do more. Nancy. Now we're hearing from Commodore LeRaza,

tongue-serie, the commander of Iran's Islamic Revolutionary Guard Corps Navy. He just put out the

following statement and he says, "Your presence on the streets has become our Trump card and from now on it will lead to new equations in the region with the target bank updated hashtag oil facilities associated with America are now on par with American bases and will come under fire with full force. We warn citizens and workers stay away from these facilities. There's a Senate hearing taking place right now with Tulsi Gabbard, the Director of National

Intelligence, he'll recall, Joe Kent, who is her number two resigned based on his objection to the war in Iran. He resigned yesterday. Senator Warner just cross-examine Tulsi Gabbard about Donald Trump saying that he was shocked and surprised that Iran has been retaliating against its neighbors and shutting down the straight of horror moves, which everybody knew was going to happen.

It should also be noted that the Trump regime based on the advice if you want to call it that of

Laura Lumer also got rid of one of their top Iranian advisors as well in the past few weeks.

But here's what Warner says to Gabbard, so do you not tell Donald Trump these things because

it's pretty obvious to everybody that what's going to happen with the straight of horror moves, what's going to happen with the neighboring Arab nations and Tulsi Gabbard has just been having one of the worst hearings imaginable. I mean, because she's just a liar with everything. Here's what she says here, play this clip. My show is to admit the parts that can contradict the president. The president continues to say as well that, you know, he had no idea it was

shocked that the Iranians would move to take over the straight of horror moves. Did you provide any intelligence that would say that it would be that it was not likely that the Iranians would try to move on the straight?

I'm not aware of those remarks and I think those of us here at the table can point to the fact

that historically the Iranians have always threatened to leverage their controller.

Why was the president saying he was amazed? I'm not aware of those. What about the comments the president made that shot that he was surprised again reports that Iran struck the adjacent Gulf states? Again, I'm not aware of those remarks. We have, let me ask you to do you please the president. Did you brief the president? Did you brief the president? If he starts a war of choice

that the likely result would be that Iran would strike adjacent Gulf nations and close the straight of the firm. Did you brief him on those two facts that I think had been consistently the conundee assumptions of the intelligence community? I have not and won't divulge internal conversations. I will say that those of us within the intelligence

Community continue to provide the president with all of the best objective in...

to inform his decisions.

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how many points smart credit estimates you could gain. Results not guaranteed cancel any time. That's smartcredit.com/mitis. Smartcredit.com. Now folks, the economic data that's coming in is really bad as well. We got a really bad producer price index readout coming hotter than anybody expected. And that was the pre-war producer price index. So if this war wasn't going on and we got this PPI readout, we would be like, "Holy S.H. You know what? I'm going to say next.

This is bad bad. Now you layer it on top of the war when we get those PPI readouts, and those inflation readouts, folks, I don't think it's an exaggeration that inflation will soon be going above 5%. And you can be like, "Oh, Ben, you're saying you're being hyperbolic again. Watch, inflation will be above 5%. I think clearly by the end of this year, perhaps even higher where things are going right now. But here's how they reported on CNBC, the new horrible inflation

data. You're playing this clip." What does that tell you? I understand the short term. We're taking

the Fed activity out from the two year. And that's why you see those spreads going to get compressed.

The long end. Does that tell you anything about how people are seeing the health of the economy down the road or is that something else? I do think that there is part of that reflected in this as well. It's almost the worst of both worlds. I guess stagnation would come close to describing the situation. We're probably not going to see Fed easing and the long end. Well, part of it is weakness. We've had a spat of some fairly weak numbers, and then you put in the fact that we are

on the PCE, you know, 3% hand on some of the Fed's favorite metrics. As the Wall Street Journal pointed out today, it would be very difficult even for some of the recent appointees to think that easing could even be on the menu at this or even very close subsequent meetings down the road.

Here's what they were talking about on Fox here. Play this clip. The downdust you'll see out

about 16 points. Again, we are waiting on the producer price index out any second here. Cheryl Custone with the number. Cheryl, these numbers are much hotter than expected guys for February PPI. Month of a month, a 7/10 of a percent jump. Street was looking for a gain of 3/10 of a percent. Year of year, we came in 3.4% annualized basis. The street was looking for 2.9% that's the reading that we got the month prior. So again, hotter than expected. We got 5/10 of a percent for

core month over month. The street was looking for 3/10 of a percent of the upside. And then we came in core year over year 3.9%. The street was looking for 3.7%. There's, and there's the markets are reflecting what we're seeing here as far as these numbers. Let me get to the report. I'm going to see what the government is saying here about where this rise was. Because it wasn't energy last month. I can tell you that from a memory. What they're saying here is, okay, so for

final demand goods, we saw an increase of 1.1%. Biggest rise we've seen since August of 23, 40% of that is final demand goods 2.4% energy in final demand goods last food energy also increased. So that's where the story is here as far as these numbers. Also, they're talking about final demand services. There was a 5.7% drop in prices for travel or accommodation services, food, alcohol, wholesaling, dealing investment advice, all in this report. I'm getting the

reps. We're worried, but there's a lot to go through a lot to talk about in this report. I think you're

Spot on the asshirl because remember in the month of February services prices...

And we've talked about that. Services prices were going higher. They were a handful of commodities

like what? We were talking about gold. We were talking about silver. All of those things were going

higher in February as well. Putting oil aside related to the war on Iran. Joe Schumman, your reaction to these numbers and I should point out we haven't seen such a significant impact on markets now and else shows we're going into it. Still negative. Yeah, this is not good. We're

going to see the markets off today. Your guess mentioned that the rates will be dropped in December.

I thought they'd be earlier. This is pushing things back at least a couple of months. So this is going to be negative for the markets. And we're going to see, we're going to probably see the

markets ticking down even further next couple of days. So this is not good news. And we know that

the next couple of months we're going to see all of the prices because of energy. All right. We are now away from the opening bell on the downed else shows now down 105. Joe, good to see you. We'll be back with the now folks during the St. Patrick's Day parade over in Ireland. They rolled out their Epstein float. You can see the Epstein float right there. The entire world mocking the United States for covering up a child sex trafficking ring here in the United States, which is what the

Trump regime continues to do. And more news about that cover up coming from Jason Leah Paul,

who is on the front lines, frankly, of reporting on Epstein files. Jason's been incredible reporter

over at Bloomberg and he says a document, a 69 page target profile prepared for the DEA by the Department of Justice is now defunct, organized crime, drug enforcement task force was released in January and it talks about the money laundering and drug trafficking schemes that Epstein used. It was a target profile. And this target profile has been blocked by Todd Blanche from the Department of Justice Donald Trump's former criminal defense attorney is not allowing a 69 page target profile

regarding the money laundering scheme. And the people who are helping Epstein with the money laundering alongside the sex trafficking and the drug cartels that they were involved in as well. There's a heavily redacted document in Blanche saying, uh, that document doesn't get released. I'm going to do a whole other report on that folks. The cover up continues. The cover up of child sex trafficking ring continues here in the United States and Donald Trump escalating things

in Iran. The price of oil is surging and you see what's happening right now with our economy.

We'll keep reporting throughout the day. Now, hit subscribe. Help us get to 7 million subscribers.

And thank you all so much for watching the Midas Touch Network. It's okay. You may think you're subscribed. Just double check and turn your notifications on. Thanks for watching everybody. . Yeah, genau. This story is so deep. The idea is just to understand. Egalobstudium, job, or unzug. Stimmt. Cross. I don't really like to stay. Stay an elite. Save. With visa steuer.

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