AI Summary
5 min readOn the tarmac in North Carolina, Donald Trump told a crowd that if Americans cannot afford gas, that is actually a good thing. “It’s a very inexpensive price to pay for what we’ve done,” he said. “It should be more expensive.” That single moment captures the central tension of this episode of the MeidasTouch Podcast: a president declaring a “golden age” while every major economic indicator points in the opposite direction. The hosts walk through a dizzying week of developments — a Federal Reserve rate hike, a new trade threat, a foreign policy realignment, and a cascade of smaller crises — all under a single unifying observation: the administration’s own actions are producing the opposite of its stated goals.
The Fed Revolt: Trump’s Own Pick Raises Rates
The most consequential economic event of the week was the Federal Reserve’s unanimous 12-0 vote to raise interest rates by 25 basis points, bringing the federal funds rate to a range of 3.75 to 4%. This is the exact outcome Donald Trump spent his first term trying to prevent. Trump had previously threatened criminal prosecution against former Fed Chair Jerome Powell for not lowering rates, calling him “too late Powell.” To replace him, Trump installed Kevin Warsh — a known interest rate hawk with a reputation for aggressive tightening.
Continue reading the full summary in the app — free to try.
Read Full Summary →Free • No credit card required
Never miss an episode of The MeidasTouch Podcast
Get every new episode summarized in your inbox — free, ~5 minutes to read.
No spam. Unsubscribe anytime.
What you'll learn
- 1 (00:04) **Episode Overview & Market Chaos** - The hosts introduce a massive lineup of topics including record gas prices, a Federal Reserve rate hike, Trump's threats, and the escalating situation in Canada and Iran.
- 2 (00:46) **Trump's "No Trade" Economic Proposal** - Trump suggests the US stop trading with every country it has a deficit with, claiming it would make the country "really rich."
- 3 (01:10) **Trump Threatens "Absolute Annihilation" of Iran** - Trump issues a threat of total annihilation against Iran, despite also claiming Iran wants to make a deal.
- 4 (01:16) **Prime Minister Carney's EU Speech** - Canadian Prime Minister Carney gives a historic speech to the European Union Parliament, discussing associate member status for Canada and the EU.
- 5 (01:32) **Unexplained Infrastructure & Military Incidents** - The hosts note a pattern of unexplained plane crashes, Apache and Blackhawk helicopter crashes, refinery shutdowns, and power outages.
- 6 (01:56) **Congressional Hearings & The "Bestiality" Exchange** - Treasury Secretary Bessent and FBI Director Kash Patel were cross-examined in brief hearings, leading to bizarre testimony.
- 7 (03:12) **Ukraine War Escalation & Trump's Blame** - The war in Ukraine continues to escalate with refineries in Russia being hit, while Trump blames Zelenskyy for rising diesel prices.
+ Full timestamped outline available in the app
Guests on this episode
Show Notes
On this episode of the MeidasTouch Podcast, Ben, Brett, and Jordy discuss Trump’s escalating economic chaos as the Federal Reserve hikes interest rates, gas prices surge, and Trump threatens to cut off trade with countries around the world. The brothers break down Trump’s latest remarks on Iran and Venezuela, his bizarre push to demolish the Kennedy Center, and the growing consequences of his policies at home and abroad. They also discuss Canadian Prime Minister Mark Carney’s major address to the European Parliament and the rapidly strengthening alliance between Canada and Europe as Trump threatens both with new tariffs. Finally, they cover the latest chaos inside the Trump regime, RFK Jr.’s dangerous rhetoric amid the measles outbreak, and the growing stakes heading into the midterm elections.
Pre-order the new book from MeidasTouch, WTF America?!: The Way Out of This Hell and Back to Democracy, today: https://bit.ly/wtfamericayoutube
Deals from our sponsors!
Smalls: For a limited time only, get 60% OFF plus FREE SHIPPING and FREE TREATS for LIFE at https://Smalls.com/meidas
Magic Spoon: Save $5 OFF your next order when you go to http://magicspoon.com/meidas
The Perfect Jean: F*%k your khakis and get The Perfect Jean 15% off with the code TRUTH15 at https://theperfectjean.nyc/TRUTH15 #theperfectjeanpod
Armra: Go to https://armra.com/MEIDAS or enter MEIDAS to get 30% off your first subscription order!
Subscribe to Meidas+ at https://meidasplus.com
Get Meidas Merch: https://store.meidastouch.com
Remember to subscribe to ALL the MeidasTouch Network Podcasts:
MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast
Legal AF: https://www.meidastouch.com/tag/legal-af
Sidebar with Katie Phang: https://podcasts.apple.com/us/podcast/sidebar-with-katie-phang/id1886801652
The Parnas Perspective: More from this podcast