MeidasTouch Full Podcast - 10/2/26

The MeidasTouch Podcast

The hosts dissect a rapidly escalating global crisis marked by attacks on tankers in the Strait of Hormuz, surging fuel prices, and intensified Russian strikes in Ukraine. They heavily

Key takeaways

• Tankers were struck in the Strait of Hormuz by the IRGC, contradicting Trump's claims that he 'controls' the waterway.
• Trump falsely claimed South Korea promised $54 billion for an Alaska LNG project, which Seoul immediately denied as not even in preliminary talks.
• Canada under Prime Minister Carney is advancing a Pacific Link pipeline to export oil directly to Asia, reducing reliance on U.S. refineries amid Trump's volatility.
• Trump threatened France and Germany with diesel export bans unless they release emergency stockpiles, while simultaneously claiming domestic fuel levels are record-high.
• The hosts argue the administration is fabricating or exaggerating incidents like the Fairford air base disturbance and FlyDubai plane hijacking to justify sending 10,000 more troops to the Middle East after the midterms.

Main topics

• Strait of Hormuz attacks and global fuel crisis
• Trump's economic claims and South Korea LNG deal
• Canada's energy pivot under Prime Minister Carney

Notable quotes

"Donald Trump prefers to just engage in fraud, like when he claims, I spoke to South Korea and they promised $54 billion to Alaska."

Conclusion

The episode serves as a critical analysis of how the current administration leverages chaos,

Transcript preview

Speaker 5 (0:00) We've got a lot to discuss on this episode of the Midas Touch podcast. In the past 48 hours, somewhere between four to five tankers were struck in the Strait of Hormuz by the IRGC. One tanker was struck in the past few hours. Donald Trump continues to claim that he controls the Strait of Hormuz and it's the Strait of Trump, but the actual facts tell us the contrary. We'll talk about that. We'll talk about how we're seeing Russia escalate its strikes within Ukraine. Putin right now using these Garin 4 and Garin 5 drones. The Garin 5 is more of a hybrid cruise, if you will. But they're striking bridges right now in Kiev and power plants. This is exactly what we were warning about in the Midas Touch network. Things are going to escalate. And Donald Trump. tap Zelensky along, promising interceptors, promising all of these weapons, didn't deliver it, and Putin has been stockpiling a lot of weapons. We will give you an update on everything that's going on in that war that Donald Trump promised he would resolve in 24 hours after the election in 2024. Yes, he is an absolute liar. Diesel and gas prices continue to surge and hit record highs. The price of Gas is also going up. The crack spread. difference between gas price and diesel and gas is continuing to increase as well. We're learning that China is shutting off a lot of its diesel exports right now as it looks to try to become more resilient with these shortages taking place that caused the price of gas to spike as well. You have Donald Trump threatening France and Germany and other countries in Europe that they need to release their emergency stockpiles or the U.S. We'll do an export ban on its diesel. Again, things that were very predictable, things that we warned about. But Donald Trump prefers to just engage in fraud, like when he claims, I spoke to South Korea and they promised $54 billion to Alaska. Well, interesting. The MAGA Republicans are trailing in Alaska heading into the midterms. And now South Korea doing a $54 billion deal for LNG there. Wow. And then we find out 24 hours later from that press conference where Donald Trump spent most of it sleeping while Lutnick and others were like, you're such a good dealmaker. This is going to save Alaska. South Korea says 100 % false. We're not even in preliminary discussion. So yeah, we are not doing that. But I'll tell you what is happening with LNG and with other oil pipelines. Canada doing a massive LNG deal. Nation, I mean, in terms of putting out LNG to the rest of the world, and also building this pipeline that would be able to bring oil. right to Asia and to avoid US refineries. There was a press conference held in Alberta that Prime Minister Carney talked about that. So the world continues to move on. And then you have Trump and Netanyahu now blaming Iran and the IRGC for that incident that took place at the Royal Air Force Base, a US base in the UK in Fairford, which is a A lot of strange things happening there. The individuals were released on bail. And so we're trying to understand that they apparently called the police themselves. There were no explosives found. But Trump is saying that this is probably Iran and the IRGC. By the way, so is the prime minister of the UK, Burnham. I'm trying to. Think what the hell's happening there. And then the Trump regime and the Netanyahu regime and the UAE, all part of the Abraham Accords, seem to also be blaming the IRGC for this incident in the fly Dubai airplane. I talked a lot about it on Ben on Breaking News. I'll cover that as well. But Trump's like, because of these incidents, now we have to massively escalate the war. And what we've seen take place in the past 24 hours is very concerning. 10,000 more troops likely committed, United States troops committed to the Middle East. We saw the USS Theodore Roosevelt now heading out to the Middle East. We will have three carrier strike groups after the midterm elections. in the Middle East and a lot of other amphibious assault groups that accompany them there as well. And again, about 10,000 more service members, thousands of Marines and Navy and other service members are going to be there. And Donald Trump is basically saying, after the midterms, we're going to escalate and we're going to get back to this catastrophic war as he continues to manipulate the markets. Speaker 5 (4:53) In other words, we've got a lot to discuss. Brett and Jordy, good to see you. Every time I do these intros, you know, it shocks me a little bit. It shouldn't shock me, but as I'm doing the intros and I kind of have an idea of what I'm going to say, Speaker 4 (5:09) I'm Speaker 5 (5:10) like, oh, man, really? And then this, really? Speaker 4 (5:13) Really? This is what we're doing? Really? Really? Well, it's a day that ends in Y, so of course we've got a lot to discuss here. Good to see you, Ben. Good to see you, Jordy. Good to see you, Midas Mighty. You know, I think it's interesting that we're seeing right now. the Trump regime threatening countries like France and Germany and telling them, you need to release your emergency diesel stockpiles or we are going to implement an export ban here in the United States. And they're saying that out of one part of their mouth, while out of the other part, they're saying, oh, actually, diesel is at levels like they were before the war. We actually don't even need any more diesel because we've been so successful in the Iran war. It's like, all right, which is it? We're not stupid, people. We're not stupid. And now, Trump's new thing as we approach the midterms, which are getting awfully close, people. Trump's new thing, everything actually is amazing. It is a golden age. Everything is perfect. The war is going great. The economy, incredible. Our poverty numbers, incredible. Everyone is happy. The problem, Donald Trump just isn't bragging enough about it. He just isn't bragging enough about it. If we know anything about Donald Trump, Humble guy, not bragging enough. That is the issue. Okay, Donnie. Well, if that's his plan leading up to the midterms, I think that's why we're seeing Republicans right now in dire straits. We've got a lot to talk about. Jordy. What's the latest that you're in? Speaker 3 (6:34) Donnie, keep spiking that football. Spike it as much as you want because you got nothing to spike, man. It's unbelievable. Brothers, mighty, mighty, it is so great to be here. Yeah, Donnie, you and Dan Scavino might be popping champagne over in Mar-a-Lago, having a great time with your 0.01 % folks who like to hang down there with you. The American people feel something differently, so to speak. I'm excited to get into tonight's show. We have a lot to get into. Every time that Donald Trump and the regime open their mouth, they're lying. anytime they speak like literally brett to your point right they say one thing over here next breath they say the exact opposite it's because they don't have like a singular belief or conviction other than to cause chaos and make the wrong decisions so they're like if i just start saying everything i'll have like broken clocks and all that i'll have to be right eventually the issue is he's seemingly never right and all of his decisions are just leading to more chaos and more of our troops getting killed. And it's horrific to see. And Ben, I hear you with the intros, big bro. It's like deep breaths as we kind of go through these. But again, that's what they want. That's what the Trump regime wants. They almost want us to get in this perpetual sort of exhaustion where it just feels normal. But we all know, brothers, might as mighty, that we can't look away, especially right now. especially as we head into these damn midterms over here. And it's just like, we just got to lock in and just get through the craziness here together and report the truth every step of the way. So with that, big bro, where do you want to start us off today? Speaker 5 (8:01) Yeah, look, in past presidencies, I didn't really have to think all about the straight of Hormuz or the Bob Elmondob straight. I didn't have to think about crack spreads or 10, 20, 30-year treasury yields. You know, I didn't have to think. about the process for refining oil and how the distillate is distributed. I didn't have to think about a lot of these issues that out of the basic survival instinct, I think we've all, the Midas Mighty, have had to build a resiliency here because we know that every word, sound, syllable, and utterance from this regime is a lie. And knowledge is power, and it helps us build this resilience where we can trust a single word that comes out of this Trump regime. We'll talk more about that throughout this episode. I think that will be a theme that we all know by now. But when you see Donald Trump in Texas and you're saying, well, what is the MAGA Republican message? And you want to see how desperate they are. I mean, Donald Trump says, you know, the thing about James Tallarico. is he's a freako who vomits in his mouth after eating the beef. He's a freako beef vomiter. And you're watching a freako beef vom. What the hell is happening? But this is what they're running on because the MAGAs realize people like James Tallarico are delivering concrete plans about the cost of living. Concrete plans. plans about how we can fight back against this fascist Trump regime, concrete plans about stopping data centers, which the Trump regime wants to rename SI centers. And now we're going to put SI centers in your backyard, or as Donald Trump said in that deranged Time magazine article. I don't want them in my backyard, but we need them in the country. We need them in your backyard, but I'm not. He literally said that in the Time magazine article. All these magas got are when he eats the beef, he vomits in his mouth. Here, watch what Trump says. Let's play. Speaker 1 (10:23) Vegans, you know what a vegan is? Vegans don't do well in Texas, okay? So now he goes to a barbecue, he eats meat. You know what he does after he eats? He says, excuse me, just for, he goes behind the tent and he throws up, he throws up. He gets rid of the meat. He doesn't want meat. No, this guy's not the right guy for Texas. I know it well. Oh, that's it. Got Speaker 5 (10:44) it, got it, got it. And then Donald Trump says, as he was heading to Texas, we have the best numbers of any president in. history, he says. The best economic numbers, the best inflation numbers, the best numbers on trade, the best numbers, the best in history, he says. We just need to get a fair shake from the media. The media is treating us bad, but everybody knows this is the best presidency ever. Watch what he says. Here, play this clip. Speaker 1 (11:21) Oh, that's true. We have to get the message because we have the best numbers of any president in history. The one thing we don't do, you know, we don't get a fair shake from the media if they report them. They just don't report the numbers. Speaker 5 (11:33) I mean, and the people around him are just as vile as he is, complicit. And I hope history remembers those images when they remember what a vile piece of trash he was and the damage he did. I hope we have those snapshots. I'll certainly make sure. that as the Midas Touch Network continues to grow, all of those traders around him do not get to wiggle out of accountability. Then Donald Trump says, and here's the thing, though, if Democrats get in, it will be 1929. Watch this and let's talk about it. I Speaker 1 (12:06) think if the Democrats get in, we will end up in a financial depression. We will go into a depression the likes of which we've never seen before. It'll be 1929. That's my opinion. They're grossly incompetent. They have no idea what they're doing. Speaker 5 (12:20) Now, you would still sadly be the president in that case. You would be the one to take care that laws are faithfully executed. Sadly, you would have veto authority unless it was a veto-proof majority that was reached, which I hope is the case. But I just want you all to be aware of what the plan is here. It's just like his plan after COVID, which they were able to execute with the support of complicit fascist media pouring in trillions of dollars in order to get this message out. The arsonists then want to blame the firefighters for the problems they created. And their message is going to be we have to preview it. We have to get ahead of it. Things were about to be so great. look how amazing it was at the beginning of 2026 which by the way it wasn't but this is what they did back in 2020 also things were so good right before covet and then coveted things were so amazing but then we had to stop iran from getting nuclear weapons and then we had to deal with that but we were still resilient and things were going to be amazing but then the democrats won the house the democrats won the senate and as a result We are now suffering. And it's like, these were all your policies, the tariffs against the world, the catastrophic war. And I'll say this because Donald Trump's pathology is a bankruptor and a loser. It's almost as if his safe space goes back to the blame. It's almost like the Iran war. provides him with where he's most comfortable losing because he's a lifelong loser to then be able to say, I was going to do a great job, but now it's the fault of Iran's nuclear weapons. I had to make a safe. The Democrats then screwed it up. And folks, as I've always said. This vile piece of trash is a lifelong loser. This isn't my political message. I'm not trying to spin you to vote this way or that way. I'm providing an objective fact that if there was a Guinness Book of World Records for someone who's bankrupted things as many times as he had, and the size of said bankruptcies, in my opinion, he'd probably be at the top of the list well before he ever even got into politics. And we're seeing it play out over and over again. Fake deals, fake this, wah, wah, Speaker 4 (14:52) wah, the Speaker 5 (14:53) whining, Speaker 4 (14:53) the Speaker 5 (14:53) complaining, the blame, loser behavior, Brett. Speaker 4 (14:56) The irony is, is that if Donald Trump took office and did basically nothing, say he got in there and his one thing was, I'm shutting down the border. I'm going to take that really seriously. And then he just kind of hid in his bunker and never came out. We'd actually maybe be like in a golden age right now because the trajectory of the country at the end of the Biden administration was actually very good. Inflation was coming down, mortgage rates were coming down, interest rates were projected to decrease, multiple decreases in the interest rates were projected at that point. Everything was heading in a very good direction. And then Donald Trump, to Ben's point, it was his specific decisions that ended up below up everything and causing all of the havoc that we have today. And now Trump just believes that he has a messaging issue, that everybody actually loves what's going on, but the message just isn't getting out to the American people in the right way. And that's because the media is corrupt. The media is fake news. No. The media is actually telling the truth about Donald Trump. Frankly, they're not even going far enough about how bad Donald Trump is. You think that the media would be silent if Joe Biden was falling asleep in the Oval Office at every event for minutes on end? Absolutely not. You would have anchors like Jake Tapper and others. They'd be calling endlessly for Joe Biden to step down, saying he's unfit for office. But here, Donald Trump does it. You don't even get a story out of it on the main show. news. They don't even speak about this stuff, which is just absolutely mind-blowing to me. It should be a major story that a president of the United States is falling asleep in the middle of the Oval Office basically on a daily basis right now. This is not normal behavior. The irony of it all as well is that while Donald Trump complains that everything is just all fine and great and everybody loves everything, but the media isn't doing enough to get his message out there, and so there's just some issue right there. That's kind of actually what was happening under the Biden administration. There was actually, I'm not saying anything was perfect. There was certainly high inflation, and all the things that really happened under the Biden administration, most of them were caused by these external factors like Russia invading Ukraine, by the supply shocks as a result of Trump's mishandling of the COVID-19 pandemic. A lot of external factors that President Biden had to deal with at the time. And the media treated every little thing that happened under the Biden administration as a hair on fire moment, as this is it, this is a catastrophe. And so, you know, ironically, what Trump is describing is much more apt for like a Biden to complain about than for him to complain about. If anything, Donald Trump just has it too. easy right now. People are going too easy on him with all the corruption and they want to try to normalize this behavior and pretend like it's normal and pretend like he's not an authoritarian who is actively subverting the constitution and taking over our institutions and everything that he's doing. And I think that is an absolute disgrace. I think it needs to continue to be called out. It's not a messaging