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The MeidasTouch Podcast — Trump makes Fatal Calculation during War!!!. Machine-transcribed; use the interactive transcript above to jump the player to any line.
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business interests with as well. And now you have countries like Qatar after Donald Trump was holding this board of peace or whatever that he called that meeting. You have Qatar saying the Iran war could bring down the economies of the world. That's what Qatar saying. Qatar usually will give you statements when it comes to the economy that's even keeled. They're saying economic calamity. The entire economies of the world could be on the brink of crashing. They warned that oil, you know, right now, $95 per barrel, that could see $150 per barrel within days as gold countries prepare to shut down production. Qatar predicts that all Gulf energy exporters will shut down production within days. Let me repeat that. Qatar predicts that all Gulf energy exporters will shut down total production within days. And even if the war then ends immediately all of the sudden Donald Trump declares fake victory even though he's a loser. Qatar says, look, it'll take us weeks
or even months to return to normal and Qatar predicts that natural gas prices are now going to rise 400 percent. Qatar says that global GDP will be hit in massive ways. We could be heading into a world economic depression as a result of Donald Trump. If this continues for just a few more weeks and Qatar says that the war will delay all expansion plans for countries in this region. So Donald Trump, of course, responds with a panic response because that's what the Trump and his regime always does. So they say, okay, okay, here's what we're going to do. We'll provide insurance to the entire region. Regardless of the country, let's get those frates. Let's get those big cargo ships. Let's get them out of the straight of her muse. Take the risk, everybody. We'll get you out of there. And if you get hit and people die because Iran is
hitting their targets all good, we've got you when it comes to insurance. So Donald Trump orders the US development finance corporation. You got to do this, but here's the catch. The US development finance corporation is $200 billion short of the capacity needed to underwrite insurance policies for ships going through the straight of her moves per financial times. The details include the following. The US DFC was ordered by President Trump this past week. Ensure vessels give him insurance in the straight of her moves, because no insurance company is going to do it right now. So Trump's like the government will do it. Big government, you know, the government here in the United States that rips away people's health care that sends ice and border patrol Gestapo to kill people, write the destructive government. They're going to do insurance when it comes to these cargo ships, but DFC reportedly has a $154 billion of the $325 or $352 billion needed to underwrite
insurance policies. Raising the total liability cap for the US DFC would require an active Congress. Trafficking the straight of her moves is now down 92% nearly 20 million barrels per day of oil supply are currently frozen. So then after Donald Trump realizes, oh, we don't have the money. He's like, all right, let's do it on a rolling basis then and we'll basically do like 20 billion a ship, 20 billion a time. And let's do it that way. But no one, no ships are leaving these straight of her moves right now as long as Iran continues to be able to operate the way they are with their Shahid drones and ballistic missiles. And you saying that you have this money and you don't at this point, you have negative confidence in you. In essence, people recognize like they should have from the beginning that you're an absolute con man and you talk about the economic calamity and the fatal decisions by Trump on top of fatal decisions as the financial
times reports deleted depleted oil reserves now leave the United States exposed as Iran war pushes up prices. So the strategic oil reserve is currently at 415 million barrels or so or 58% of what it needs to be. Trump never took advantage of the lower oil prices that existed before during this past year in order to top off the country's emergency supply before launching this war against Iran, which is creating an absolute catastrophic effect. And one of the things that Donald Trump promised on his campaign, but everything he says is an absolute lie is we're going to replenish the reserves. We're going to replenish the reserves. Now one of the things that Biden actually did effectively, but Trump and Maga were criticizing is that Biden would sell portions from the
strategic reserve to actually make profits off of them. And then when the price of oil would go low, Biden would replenish it. But there were times when the strategic reserves would be low. But Biden was actually executing very sophisticated oil trades at the time. But anyway, that was being criticized by the Trump regime. And the whole one of the big things with that Trump was saying, I mean, you know, he said a lot of crazy things during the campaign, mostly crazy things. But one of the things he was like is you're not replenishing the reserves. So Trump had the ultimate ability to replenish the reserves. And also he invaded Venezuela. And one of the things he said he was going to do, remember with Venezuela, I'm going to take that oil and replenish the reserves. He didn't do that. So let's ask the question. So where the hell did that oil go to Donald Trump's oligarch buds. Donald Trump took the money and moved it to guitar bank accounts. And now guitars under attack. That's what Donald Trump put it into accounts for himself when he could have
if he was focused on the national interest, replenish the strategic reserves. And so we're just getting data point after data point right now that is very, very worrisome because you have Donald Trump launching this war. And when we talk about the fatal errors, the fatal moves, the fatal maliciousness by Donald Trump, we already saw inflation rising inflation was starting to surge because of Donald Trump's tariffs against the world. The Supreme Court gave Donald Trump an out and ultimate out when they ruled against his IEPA emergency tariffs against the world saying you don't have this power. So what does Donald Trump do right after? He invokes section 122 of the trade act of 1974, which is also ineplicable. He says I'm going to use this and then I'm going to use all of these tariff inspection capabilities. So I'm raising the tariffs to 15% across the entire
world. So Donald Trump does the section 122 unlawful thing, 15% tariffs against the entire world. The world is pissed. Live it at Donald Trump for doing this. And then Donald Trump invades Iran doesn't listen to what the people with the other countries in the Middle East who were just there for his stupid board of peace thing. You know, we're saying to him, he doesn't replenish his oil reserves. He screws over the allies or whatever you want to call the, you know, the people who Donald Trump does these quid pro quo deals, these countries in the Middle East, we don't have allies. Donald Trump's been attacking NATO, saying he's going to invade Greenland. So he's turned NATO away from him. This is all and all of this is happening at one. So while you're getting all of this data yesterday, what on Friday, we learned that there was a massive, massive, 92,000 job loss numbers came out for February unemployment surge to 4.4%. And that data is data that
precedes that is before Trump's invasion of Iran. That's right. US payrolls fell 92,000 in February. There was an expectation of 58,000 job gains, but it fell 92,000. That is very, very, very bad stuff right there. High blood pressure is the number one risk factor for mortality. Half of all adults have it and everyone knows someone in their life who deals with high blood pressure. And here's the dangerous part. It doesn't hurt. It doesn't knock on the door. It just quietly damages over time. By March, New Year momentum, it's gone. Life is busy again, but blood pressure doesn't take the season off. There's a lot in life we can't control. Your blood pressure isn't one of them. This isn't guesswork. Grab a home blood pressure monitor, drink 120 life daily, and check your numbers. Many people see improvements in as little as two weeks, which is exactly why this product has become so popular. If you're over 40, if it runs in your family, if your doctor has ever mentioned it, this is for you. 120 life is a once a day functional drink made with ingredients
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been approved by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease. So with all of this taking place, you know, you're wondering what's going on with BlackRock? What's going on? It's an indicator also. What's going on there? So BlackRock just throws $1.2 billion in withdrawal requests at its private credit fund. Investors in BlackRock's $26 billion fund asked to pull out about 9.3% of their money. BlackRock said no. Cap withdrawals at 5%. Blackstones $82 billion fund saw record withdrawal requests the same week. Blackstone had to put in $400 million of its own cash to cover the exits. Two of the biggest funds on the planet are limiting how much you can take out. That's kind of problematic right there. And BlackRock confirmed capping what are called redemptions at 5% with $620 million paid out on
its $26 billion HPS corporate lending fund after 1.2 billion in Q1 requests. A 9.3% net asset value was reported by Bloomberg and barrens on March 6, 2026. Similar pressures hit Blackstones $82 billion fund. All right. So Donald Trump then sends his sycophants, his regime talking heads out there, like this guy right here, Trump's federal reserve governor Stephen Moran, I kind of call him Stephen Moran, as oil prices are surging, as inflation is surging, here's what this guy said here playing this clip. You know what, look, I mean, I think that we don't have an inflation problem that the inflation excess is not entirely but largely a function of measurement issues. I think that the labor market can use more accommodation from monetary policy and I don't see having a modestly restrictive stance of monetary policy as opposed to a neutral stance as being
appropriate. I think being close to neutral is appropriate. And is the notion of an extended pause in itself dangerous, do you think, is time of the essence that much? You know, I think that the longer the longer we run policy to be too restrictive, the greater risk we run that we see jobs prints like we did today. Okay, now here is what Kevin Haset, Donald Trump's National Economic Advisor had to say here, play this clip. Are there enough asterisks in Jim's words to make this number make more sense? Well, I think, you know, Jim's right that there have been so many strong indicators this but that it's something of a surprise but there are some weather, there are strikes on the west coast and I think that we also have this birth death model change in the procedure at the BLS. And so I think what we need to start doing with these jobs numbers, at least on the payroll side is take the average over a few months. And if you take the average over a few months, we had a surprisingly positive one last month and a surprisingly negative one, this one. But on average, it's about what we expect to be seeing
because immigration has gone down by so much that break even employment is probably in the sort of 30 or 40,000 jobs a month range. And so yeah, I think it's consistent with everything else we're seeing, which is that the economy is really strong. And more from Kevin Haset right here, let's play it. This economy is moving the fastest we've ever seen and with say 4% growth this year, which is about what I expect that we're going to see, then there'll be so much activity that everybody's going to be able to find the job that wants one. Donald Trump's Labor Secretary Laurie Shabba's Deremer said the following. Madam Secretary, 92,000 jobs out in February. A few jobs in healthcare, few jobs for information services because of AI, the weather hurt things, government employment down. If you add it all up, it doesn't look good for the Trump economy. I couldn't agree with you. I think we have to address the fact that this is not a good report in its raw numbers. But we have to also talk about why this possibly has happened,
this snapshot in time. It was mentioned the weather. We saw healthcare numbers go down. We saw a record strike in California over 30,000 jobs lost there, but that has been resolved. So we're hoping to see those numbers take back up next month. But overall, we've gained 60,000 new jobs over the last two months. So this is important for us to recognize what the message is here, what the noise is, and how focused the Labor Department is in making sure that we can bring back those jobs in construction, manufacturing. We're seeing the confidence go up. We've seen the investments that the President has made. I've said it over and over again. The President and I talk. We visit on this often. It's important to him. We're laser focused to make sure that we have that skilled workforce. And it's just going to take some time. So we're recognizing what happened this month. And we're going to stay laser focused to bring those jobs numbers up. More from Laurie Chavez-Dareema right here, let's play it. The midterms are about roughly nine months away. How soon can we expect the jobs picture to pick up sharply, more jobs coming
into the economy? When are we going to see that? Well, I think we have seen that take up a little bit. Again, this number in its raw numbers is not something we wanted to see. But overall, we're still better than what we inherited from the Biden administration. So again, in the last two months, Stuart 60,000 jobs have been created. And we need to remind ourselves that I'm working with our community colleges and our tech schools and our private industries so that we recognize what the market demands are and get in that training workforce as soon as possible. Here's how they tried to cover it up on state regime media. So what Maria Bartiroma said here, play this clip. Cheryl, you've got to also counter in the fact that we had a horrible winter. The February storms cost a lot of issues. People did not want to leave. Maybe they look at that for the retail sales. But even in January, you know, it was, it was messy as you heard from Jerry. It's always messy. It's the month after the holidays, people returning stuff, etc, etc.
What else do you look at this morning, Cheryl? That's, that's informing. Well, the retail sales number that we got crossing along with the jobs report, I thought was very important. Look, 3.2% annual retail sales year over year. Not just in inflation, but that is a strong number. You know, the unemployment rate, it's, you know, a little bit higher than it was over the last year. But historically, the unemployment rate in this country is at a very low level. It also, too, your point about the weather. That was a factor in this report along with the strike and health care. And that was at the top of the government's list this morning when they released the report. It was the third line in that report. You know, they highlight this because they want to make sure that that matters. And then the Maggar Republicans in Congress, like Mark Alford, is like, you know what? When you have this type of kinetic conflict, this is what happens. Buckle up. This is the sacrifice we need you to make if you're patriotic. You're playing this clip. I think we all know that when you have a kinetic conflict like this, whether you want to call it a war or not, we're putting energy resources money into this. It is going to take a
little bit of sacrifice on the part of Americans. There is a political component to this. We have the midterms coming up. The Democrats have tried to make it about affordability. That will certainly play into that. But I think the average American in my district understands the need that we decapitate this terrorist regime and make sure it never grows ahead again. And then Treasury Secretary Scott Besson says, you know what we got to do here? Which is going to be great. We got to help rush out. Let's do more unsanctioning of Russian oil. We've already just unsanctioned Russian oil to India. Let's do more of that. Let's help Russia get really rich right now while we begs Zelensky for help on how to knock down the Shahid drones. So let's screw over Zelensky, help Russia rushes outlying with Iran to attack the United States and to give them coordinates. Let's help Russia. What a brilliant regime. This is the Trump regime here. Play this clip. The Indians had been very good actors. We had asked them to stop buying sanctioned Russian oil
this fall. They did. They were going to substitute it with US oil. But to ease the temporary gap of oil around the world, we have given them permission to accept the Russian oil. We may unsanction other Russian oil. The other thing Treasury can do here, Larry, is there are hundreds of millions of sanctions, barrels of sanction crude on the water. And in essence, by unsanctioning them, Treasury can create supply. And we are looking at that. We're going to keep a cadence of announcing measures to bring relief to the market during this conflict. And there you have it, folks. Let me know what you think. Kids subscribe. Let's get to 7 million subscribers and thanks for watching. If you want to stay plugged in, become a subscriber's worst sub-stack at MidasPlus.com. They'll get daily recaps from Ron Phil Kowski,
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