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Date: 2025-07-02 Page is: DBtxt003.php txt00028348

COMMENTARY MEIDAS TOUCH ... April 9th 2025 Trump PANICS in Morning as Countries RETALIATE PLAY YOUTUBE VIDEO Original article: https://www.youtube.com/watch?v=DpvFzhEU_nw Peter Burgess COMMENTARY There is a huge amount of information ... much of which reflects reality and can be useful. There is also a massive aount of 'misinformation' that we all can access. I am concerned that the it seems that the major information platforms have done the minimum rather than the maximum to address the issue of misinformation on their platforms and around their platforms. As AI expands, it appears that problems will increase and potentially this inccrease will be massive and exponential The fact that NOBODY is going to address these challenges should be a 5-alarm emergency. I am stuck with two options ... neither of which is attractive. One option is to give support to the actors ... domestic and foreign ... that are aggressively in opposition to the Trump agenda. The other option is to 'lie low' and hope that all the turmoil will subside and a saner world will return. I am not at all sure that I know which of these choices makes the most sense. I am leaning to the first option in large part because I think that Trump is evil to the core and needs to be defeated together with all his anablers. To some extent, this choice builds on the reality that I am old ... born in 1940 ... and British. America and Americans have 'screwed over' the British since 1945 ... and for me maybe there is an opportunity ... an opening ... to settle the score. There was no 'fairness' in the way LendLease operated during WWII. The good news is that the allies 'won the war' and there has been 'peace' between the major beligerents for many ... actually 8 ... decades. Sadly Trump has a rather limited understanding of history and the complex network that is international diplomacy. I am not optimistic that the Trump agenda will produce a constructive outcome ... rather I think the outcome is more likely to ba disaster ... Accordinly, i am trying to understrand all the moves that are being made ... and getting prepared! Peter Burgess
Trump PANICS in Morning as Countries RETALIATE MeidasTouch 4.68M subscribers Apr 9, 2025 MeidasTouch host Ben Meiselas reports on Donald Trump panic posting on social media in the morning as China and Europe and other nations start retaliating more against him and the United States. Visit https://meidasplus.com for more! MeidasTouch relies on SnapStream to record, watch, monitor, and clip the news. Get a FREE TRIAL of SnapStream by clicking here: https://go.snapstream.com/affiliate/m... Support the MeidasTouch Network: / meidastouch Add the MeidasTouch Podcast: https://podcasts.apple.com/us/podcast... Buy MeidasTouch Merch: https://store.meidastouch.com Follow MeidasTouch on Twitter: / meidastouch Follow MeidasTouch on Facebook: / meidastouch Follow MeidasTouch on Instagram: / meidastouch Follow MeidasTouch on TikTok: / meidastouch Secretary Scott Bessen ... part of the Trump circus! Transcript 0:00 donald Trump has been making post after post all morning as his 104% tariffs went into effect against China china retaliated also in connection with the tariffs Donald Trump put against Europe europe retaliated no one's really backing down this trade war is only escalating uh the future markets were in the red they looked awful uh before the market open donald Trump trying to manipulate the market and pump it up it was post after post as Philip Bump says 'Seems like someone might be a panicking.' That's Donald Trump's word you don't want to be part of the panicking party and it's always projection and confession when it comes to Donald Trump this is the type of stuff he's been posting all morning this is a all in caps by the way this is a great time to buy exclamation point exclamation point DJT you know just so reckless and irresponsible i mean as a lawyer you know I recognize that the reason why you 1:01 even have a securities and exchange commission um is to try to stop the manipulation of securities and equities markets so just imagine if a CEO say of like Apple or whatever company said 'Time to buy my stock,' it would pump it up right away even if artificially for a short period of time before it then crashes again screwing over investors and so you never really had a president in the history saying bye bye bye you need to buy the same way Donald Trump sells like Trump stakes and Trump vodka which went bankrupt um and by the way Trump's own stock Trump media has just been doing abysmally uh this year as well and frankly uh since he pumped it and then there was this crash thereafter donald Trump's other post this morning be cool i mean he's a deeply unserious person be cool everything is going to work out well the US will be bigger and better than ever before and then it's 2:00 just post after post it's imperative that the Republicans in the House pass the tax bill now republicans it's more important now than ever we pass this one the big beautiful bill the USA will soar like never before make America great again this is a great move for your company a great time to move your company into the United States big beautiful bill what's going on so utterly ridiculous uh the world continues to respond to Trump's trade war uh the world is not the MAGAR Republican MAGA mush party uh the world sees the United States now under Donald Trump for what it is by the way Trump's favorability plummeting as well more on that in a moment uh but the European Union has approved its retaliatory tariffs between 10 and 25% on US goods china is imposing an additional 84% tariff on imports from the US last night there was also a meltdown uh in the bond 3:00 market and there were um some wondering if China um was uh unloading some of the notes that it was uh holding just take a look right here um of the latest yuggov poll um the yuggov economist poll out today is back trump is a negative1 net undoing all of his gains during the Biden administration and post 2024 election now he's firmly in the territory of firstterm levels of unpopularity as G elliot Mor Morris uh writes also when it comes to as you poll people on uh Donald Trump's net favorability on the economy net favorability on tariffs I mean it is plummeting -1834 I think on the on the tariff issue americans are pissed so Don naturally Donald Trump's Treasury Secretary Scott Bessant was on Fox again this morning and he's asked by Maria Barteroma on Fox 4:01 um she goes 'Business leaders say to me why are you doing this i mean we all know it's smooty tariffs in the 30s that this leads to depression that tariffs are not good in in 2025 modern world they were never good why are you doing this?' And just watch Trump's Treasury Secretary Scott Besson's ridiculous answer here play this clip people business leaders are saying to me 'Why are we doing this?' Everyone was very excited about President Trump's agenda deregulation tapping into energy tax cuts and now boom with these tariffs everything has changed why are we doing this well Maria I think it's as you said in the last segment it it's all of the above you know pre President Trump was elected with with a mandate uh you know he's closed the border so check on that uh we are the doing uh the very large deportation of people criminals and 5:02 people who have overstayed uh their their visits their their uh their periods so uh we're in the midst of that and now President Trump is tackling the trade agenda and this isn't done in isolation so then Scott Bessant is asked about the 104% tariffs the US put on China the retaliatory tariffs that China just issued against the US and Scott Bessant Treasury Secretary of the United States his response is 'But so what?' But so what here play this clip that they they have some very smart the economist the academicians technocrats within their bureaucracy and they would be telling the leadership that we do not have the edge here they are the surplus country that their exports to the US are five times 6:00 our exports to China so they can raise their tariffs but so what so I let's talk about this for a second because I I wonder I I agree with you i mean I think that China needs the United States so much more than the US needs China but the economies are so connected Secretary you know we're buying all this cheap stuff people expect things to be cheap and and we know it's because they they're made uh in China and and it feels like a soft war right now with with China so you have Donald Trump's statements this morning are be cool exclamation point bye bye-bye be cool and then you have the Treasury Secretary Scott Bessant but so what you can hear from someone who actually understands the way finances work uh Jamie Diamond uh CEO of JP Morgan uh he believes that uh we are heading into a recession uh he believes that you're going to see a lot of defaults 7:00 by businesses soon um and that it's going to uh accelerate unfortunately soon here's what Jamie Diamond from JP Morgan has to say play this clip and that obviously drives a lot of growth it drives corporate profit so I think what you're going to see now is corporations making announcement after announcement about don't expect my guidance to be true i'm going to hold back here a little bit these are long-term decisions they have to make they may want to see the tax bill which you know hopefully they can get done in July so yeah I think you you're going to see a slowdown i think the economists are probably right to say that you should expect that well how significant a slowdown i mean are you seeing defaults not yet but I expect them and the other thing which we haven't had a any slowdown or real recession and co was so short I almost don't include it in so long that if you have rates going up a little bit and inflation is sticky and credit spreads are gapping out which they're going to I think you'll see more credit problems than people have seen in a long time i mean by the way I mean you can say what you want about J about Jaime Diamond and JP Morgan and and bankers whatever but 8:03 see you see how Jaime Diamond is speaking at least like an adult like a rational person like a leader um as opposed to what Donald Trump Bye bye-bye so cool be cool that that that's that's an important point I just want I just want to make donald Trump's behavior isn't normal it's not normal that type of behavior would not allow you to be a leader anywhere other than the Republican party in the United States which would apparently allow you to have the highest position of leadership in in the United States um but I I never want to normalize just the the behavior the vulgarity that Trump's a sexual predator he's found liable for sexual assault he's a felon he's been found liable for fraud he's bankrupt in most of his businesses i just don't want to lose sight of just those facts in in all of this by the way prices are going up too housing is not more affordable there's 9:01 no peace in Ukraine in 24 hours those were his central promises as the Wall Street Journal reports China has readied its trade war arsenal against uh the US for some time now beijing strategy to hit back at Trump goes well beyond tariffs targeting companies who bank on their China ties a central thread running through its calculus is how to inflict hardship on the companies that bank on their ties with the world's second largest economy here's a sad stat that um we learned about today from the Wall Street Journal parents are about to tap into their 529 college accounts they can't wait out this market turmoil ups and downs of stocks matter when it comes to pulling their money out by the way as I think about Donald Trump's post be cool now is a great buy opportunity i think about his post February 24th of 2020 uh right before COVID hit our shores as Donald Trump was saying like a miracle it was all going to go away you remember 10:01 what he posted on February 24th 2020 he wrote the Corona virus is very much under control in the USA we are in contact with everyone in all relevant countries cdc and World Health have been working hard and very smart start stock market starting to look very good to me it's February 24th 2020 he posted that and as Aaron Fner also explains it's easy to forget as Scott Bessant in those clips looks helpless amid the growing economic carnage he's also in charge of the IRS as the Treasury Secretary he's in charge of the IRS you remember all those headlines involving the IRS soon tax revenue looks like it's going to drop about 10% amid turmoil at the IRS irs laying off 20,000 workers irs has like cycled through three people already who are leading it and they're getting removed removed removed again some other stats worth talking about amazon's 11:01 cancelling some inventory orders from China after the tariffs us is now having to weigh farmer bailouts as China retaliation threatens American exports um but all of this is fine to Donald Trump because for him this is part of the authoritarian playbook where he now has foreign leaders as he goes I've got foreign leaders kissing my ass they need me i'm needed they want to make a deal you go businesses have to ask for exemptions authoritarians want to hand out breadcrumbs and make people grateful for Oh thank you thank you thank you if you're economically independent if you're economically mobile it's harder for an authoritarian to subjugate someone who's got their independence so that's what this is all about as well we'll keep you posted throughout the day hit subscribe let's get to 5 million subscribers thanks for watching love this video continue the conversation by following us on Instagram Midasouch and help us blow past 1 million followers [Music]

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