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Legal AF by MeidasTouch

Trump Screws It All Up Instantly With Fatal Plan

Legal AF by MeidasTouch

Meidas Media Network

News, News Commentary

4.93.8K Ratings

🗓️ 7 April 2025

⏱️ 15 minutes

🧾️ Download transcript

Summary

When you see warped Trump policies that hurt the middle class, follow the money for an explanation. Michael Popok examines how Trump’s insane tariff policies that caused the “dumbest recession ever” overnight, have caused investors to run to the bond market, a market controlled in part by companies owned by Commerce Secretary Howard Lutnick. Michael Popok puts on his Wall Street hat to discuss how the flight to bonds caused by the Lutnick phony “reciprocal” tariff stampede, is benefiting his companies and crushing American dreams. Start your new morning ritual & get up to 43% OFF your @MUDWTR by going to https://mudwtr.com/LEGALAF #mudwtrpod 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 MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Coalition of the Sane: https://meidasnews.com/tag/coalition-of-the-sane Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:29.7

Things are so dire with Donald Trump kicking off the dumbest recession in history in just 24-hour

0:36.0

period that even his own cabinet secretaries are having to admit

0:40.3

the obvious. The markets are crashing as a result of Donald Trump's already failed policy.

0:48.3

If this was a show on television, it would have been canceled already. If it was a Broadway show, it would have closed after opening

0:55.0

night. Thank you, Marco Rubio, Secretary of State who can barely balance his own checkbook.

1:00.8

Thank you for telling us that the markets are crashing and stating the obvious.

1:06.5

Now, let me point out another obvious thing that's happening, and I'll do a little Wall Street

1:11.3

breakdown about how people are rushing into the bond market and who among the Trump administration

1:17.5

would benefit from people rushing into the bond market. I'm Michael Popock. You're on the Midas Touch

1:24.9

Network. Let's get to it. This is going to be like a TED Talk on Wall Street meets a law school class meets Midas Touch. And I'm going to and I'm up for it. Let's first start with Marco Rubio. Little Marco. He's at, I was surprised he's actually there. He's at the NATO summit in Brussels. I thought NATO didn't exist. I thought that was

1:44.8

a figment of Donald Trump's imagination. I thought he wanted to get rid of it and chloroform it,

1:48.9

like everything else he doesn't like. But no, he sent little Marco Rubio to the NATO summit.

1:54.2

And while he was there, some of the reporters asked him about the impact of the non-reciprocal reciprocal tariffs. And again,

2:03.5

indicating that Donald Trump doesn't know what the word reciprocity means. Here's what Marco Rubio had to say

2:08.4

about that. Economies are not crashing. Their markets are reacting to a dramatic change in the global

2:14.0

order in terms of trade. And so what happens is pretty straightforward.

2:20.5

If you're a company and you make a bunch of your products in China and all of a sudden, shareholders or people that play the stock market

...

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