LIVE: MeidasTouch RESPONDS to MAJOR BREAKING NEWS - 6/25/26
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Quick Read
Summary
Takeaways
- ❖Katie Fang secured a preliminary injunction under the Epstein Transparency Act, ordering the Trump regime to produce critical documents and a privilege log related to the Epstein files.
- ❖Iran's Navy shot and disabled a Singaporean cargo ship in the Strait of Hormuz after the ship ignored Iranian warnings, directly contradicting claims by Trump and Marco Rubio about Iran's naval weakness and US control.
- ❖US credibility in the Middle East has plummeted, leading Gulf Cooperation Council countries to seek reconciliation with Iran and a new strategic defense architecture led by Iran and China.
- ❖Inflation continues to rise, with PCE at 4.1% year-over-year, and average American savings are diminishing, which the hosts link to Trump's tariffs and corporate price increases.
- ❖Nepotism and unprofessionalism are rampant, exemplified by Jared Kushner's financial dealings and Michael Bulos (Tiffany Trump's husband) attending high-level diplomatic meetings with Marco Rubio.
- ❖The hosts accuse right-wing media and oligarchs of market manipulation and spreading propaganda to benefit their financial interests, citing stable oil prices despite geopolitical instability and Chevron's feud with Governor Newsom.
Insights
1Epstein Transparency Act Victory
Katie Fang of MeidasTouch secured a preliminary injunction in federal court, compelling the Trump regime to comply with the Epstein Transparency Act. This order requires the production of critical documents from the Epstein files, specifically those involving Trump, and a privilege or redaction log. This ruling establishes public standing to sue under the Act, allowing any citizen to demand these documents.
A federal judge ordered the Trump regime to comply with a preliminary injunction to turn over critical documents in the Epstein files along with the privilege or redaction log. The judge found Katie Fang had standing as a member of the public protected by the Epstein Transparency Act.
2Iran's Control of Strait of Hormuz
Despite claims from Donald Trump and Marco Rubio that the Iranian Navy is destroyed and the US controls the Strait of Hormuz, Iran issued clear warnings requiring permission for passage. A Singaporean cargo ship that ignored these warnings was shot and disabled by the Iranian Navy, forcing other ships to comply with Iranian-designated routes. This event severely undermines US credibility and influence in the region.
Iran struck a Singaporean cargo ship in the Strait of Hormuz after warning, 'You need Iranian permission if you're going to traverse the Strait of Hormuz. Ignore us at your peril.' The ship was shot by the Iranian Navy, leading to a UK maritime advisory warning to follow the Iranian path (). Marco Rubio was asked, 'What would you even do if someone doesn't pay the toll? What are you going to do? You're going to shoot the boat?' He said, 'That wouldn't work.' () The hosts state, 'That's what happened today. Literally what happened today. The Singaporean cargo ship was shot at. It was disabled.' ()
3US Diplomatic Incompetence and Nepotism
The hosts criticize the Trump administration for a lack of professionalism in foreign policy, citing instances like Michael Bulos (Tiffany Trump's husband) attending high-level diplomatic meetings with Marco Rubio and Jared Kushner's continued involvement in Middle East financial dealings. They argue this behavior makes the US appear 'clownish' and undermines its standing with international allies, leading Gulf nations to seek reconciliation with Iran.
Michael Bulos, Tiffany Trump's husband, was sitting right next to Marco Rubio during a meeting with MBZ, the president of the United Arab Emirates (). Rubio explained Bulos was 'just there to see me catch up' because his brother lives there (). The hosts also mention Jared Kushner raising $5 billion more for his fund from Middle East countries ().
4Rising Inflation and Diminishing Savings
The US economy is experiencing surging inflation, with the Personal Consumption Expenditures (PCE) metric at 4.1% year-over-year, and core PCE (excluding food and energy) at 3.4%. Concurrently, the annual savings rate of American families has dropped significantly, indicating people are dipping into savings for basic necessities. The hosts attribute this to Donald Trump's tariffs and capital expenditures by large tech companies (Mag Seven) being passed onto consumers.
PCE at 4.1% year-over-year continues to rise (). The annual savings rate of an American family went down from 4.9% in 2025 to 3% in 2026 (). Core PCE is rising to 3.4% (). Trump's tariffs against the world are blamed ().
5Trump's Deceptive Economic Promises to Farmers
Donald Trump is accused of conning American farmers by falsely promising that money freed up for Iran through a Memorandum of Understanding (MOU) would be used by Iran to buy US agricultural products like wheat, soybeans, and corn. This promise is directly contradicted by Iranian officials, who state they are not harvesting US agriculture but rather 'decades of mistrust.'
Trump keeps telling farmers, 'Don't worry. This is just kind of sell because we're giving Iran all this money. Don't worry. We may be freeing up all these billions and billions of dollars for Iran, but guess what? That money's coming right back to you.' (). Iran's parliament speaker, MB Galab, stated, 'America falsely claims our unfrozen assets will buy their agriculture. Interesting. The only crop we're harvesting is what you planted. Decades of mistrust.' ()
Lessons
- Stay informed about political and economic developments from diverse sources to counteract misinformation and propaganda.
- Support legal efforts like those under the Epstein Transparency Act to demand accountability and transparency from government officials.
- Recognize and challenge political rhetoric that deflects blame or makes unrealistic promises, especially regarding economic stability and international relations.
Quotes
"You have to coordinate your travel and your passage with the IRGC. We'll give you the insurance. We'll give you the route. We'll give you direction. Then you can cross and we'll let you cross for free for the first 60 days. We're going to charge thereafter. Those are the rules."
"This is why the whole world views the United States as a clown. This is why the Gulf Council cooperation countries are meeting with Iran and they want reconciliation because the US security umbrella is dunzo."
"God's will is that his work is not done... He knows the reason he is here is because God has a job for him to finish."
"America falsely claims our unfrozen assets will buy their agriculture. Interesting. The only crop we're harvesting is what you planted. Decades of mistrust. It's organic, abundant, and homegrown. But apparently the US only exports GMO soybeans, broken promises, and trash talk."
Q&A
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