Transcript of Afternoon Breaking News Updates with Ben 8/4/2026

Welcome to Ben on Breaking News. I'm Ben Myselis, and this is your breaking news. Earlier today, Donald Trump essentially surrendered to Iran yet again. This time, Donald Trump is not saying that if you don't make a deal with us, we're going to decapitate you, Iran.

Now he's saying, Iran, you better make the deal.

You're already negotiating with Oman. Or else we are going to decapitate you. So you still have the war crimes, the disgusting language, the threats that he's been doing now it seems every week. I'm gonna blow up your bridges, I'm gonna kill your civilization, you're gonna be whatever he says.

No, but this time he's saying you better do a deal with Oman or else.

Now, you've been following the Midas Touch Network, you know that Iran has always been okay. To do the deal with Oman. That's what Iran said it was doing, because if you look on a map of the Strait of Hormuz, on one side is Iran, on the other side is Oman. Iran has taken the position that both countries have territorial claims to the waters, that it's not international waters, is what Iran argues based on its distance from, uh, Iranian territory. And so Iran's always been working, uh, across the Foreign Ministry level to do this deal. They even set up an organization for the purpose of collecting tolls or environmental fees.

So because Donald Trump is completely incapable of doing any deal except just fraudulent deals, in my opinion, or just saying the word deal, deal, deal, deal, deal, the new approach after throwing away the memorandum of understanding, escalating the war, killing more innocent Iranians having our service members killed is to basically say, all right, Iran, you go do that deal with Oman right now, okay? Or else. And then this is what Trump's actually good at— stealing credit for things, right? Blaming and stealing credit. So that's what Donald Trump's going to do. He's going to let Iran and Oman do the deal they were always going to do.

No MOU.

And Trump's going to say, mission accomplished, we did it.

Notice There's no discussion about denuclearization. There's no discussion about the type of diligent international oversight that Iran agreed to regarding nuclear weapons-grade capabilities in the JCPOA.

No. Instead, what this is about is Iran make a deal with Oman.

Now, this comes at the same time where Reuters has reported that the United States is pretty much completely out of precision munitions.

Right. So, you know how virtually all—

not like 20%, 30%, not like, all right, we're going to start to dig into our stockpiles right here.

No, no, no, no.

It actually is far worse than what the warnings were from our military generals, at least publicly. Reuters reported this morning the US has used virtually all of its long-range precision missiles, missiles during the Iran war, sources say. We've been reporting on this for weeks now.

We've been doing the count. I said, all right, looks like they've used 12 THAADs over here. It looks like they've used 35 new PAC-3s over here. What about the SM-3s from those Navy destroyers? Trump has quite literally destroyed our military. Trump and Hegseth and this whole gang of war criminals, right? And I mean, it makes sense because one, he's a bankrupter, and two, whenever he says he's built something, just do the opposite of it. He destroyed it. I mean, he's reflecting pool boy. I mean, just to remember when we talk about, right, doesn't it feel like months ago, the reflecting pool story? Trump is reflecting pool boy, right? He lies and says vandals destroyed the reflecting pool. Makes his entire presidencies like big mission. We're gonna paint it American flag blue. Don't focus on the 21,000 stock trades that I've done and the billions of dollars that I've made and the settlements I do with the IRS to give myself tax immunity. No, no, no. Paint it blue. Obama and Biden, they destroyed the reflecting pool. 1922. I'm just gonna start to say numbers because 1922. 58 million, 63 million, Obama, Biden, Autopen, Fauci. Right.

That's what they made the Reflecting Pool, the cause of the regime.

Then they attacked David Hearn. They said he's the vandal. They went after him. They did a felony prosecution against him for felony vandalism of property. Was all a fabrication. Jeanine Pirro admitted it was a fabrication in court documents when she had to, you know, present evidence in a court of law. And then she said the Department of the Interior, they gave me the fabricated evidence.

They gave—

they didn't give me the exculpatory evidence. So now we've got to dismiss it. But Trump's reflecting pool boy, if this is what he's doing in the reflecting pool, And to this day, he's still saying the vandals did it, the vandals did it. Jeanine Pirro folded like an umbrella, like an umbrella, folding like an umbrella is a very interesting imagery. It's false, she folded like an umbrella. She was wrong, I'm angry at her. I mean, this is the guy who, and this is the regime that's covering up the Epstein files. This is the regime that's out there getting us involved in this catastrophic and unlawful war in Iran. Like, these are the core— he's a felon. Like, he's a bad guy. He's a bad human. He deserves to be in prison, right? I mean, that's how felons behave. I mean, you know, I believe in rehabilitative justice, you know, sometimes. But, you know, he's—

he—

I don't think he's capable of rehabilitative justice. He takes no accountability for anything. He should be in prison. And so, oh my God, the felon's acting like a felon. You know, separately, he was found civilly liable for sexual abuse.

Ah, the sexual abuser's behaving like the sexual abuser.

You know, he's bankrupted most of his companies. Ah, the bankrupter bankrupted our military. Yeah, he's Reflecting Pool Boy. He's reflecting. We know, we, we know who this guy is. And now he's Helipad Boy as well, right? The helipad. They've got to do the helipad.

I'm going to build a great helipad.

I mean, just look at what the White House looks like right now. Look at this thing for real. I mean, look at this. It looks like a freaking junkyard right there.

And with all of this stuff that we're learning about, too, you know, about, you know, you know, the cover-ups of the casualties in Iran and the—

I mean, there was a story today that we were—

I got it.

I got to dig into it more. But we were doing—

the military was doing laser testing over New Mexico and killed these people in an airplane and then just kind of covered it up.

And Wired reported on it first.

Remember when they had to shut down the airspace?

I think it was over New Mexico and Arizona.

And they're like, why are you shutting down all of the airspace out of nowhere when they were testing lasers? Because separately, when they've been testing these lasers, they've like been like killing people. The whole regime is one cover-up after another, and it's one fraud after another. And, you know, when we talk about the White House, one of the things that I worry about, frankly, is I worry about, you know, when they— in the early days when they tore down the East Wing, the people who were exposed to asbestos there.

They did no asbestos mitigation.

They did no testing. They ripped down an asbestos-filled East Wing. And just think about the people who were in the White House. I mean, you don't think 20, 30 years from now we're going to be hearing about mesothelioma and all of these things that could have happened when they tore down that East Wing? I mean, it's definitely a major, major concern for the people who were there when, you know, when, when, when that happened. So you've got the United States running out of munitions.

You've got Trump now saying, Iran, you better do a deal with Oman or we're going to decapitate you.

You've got Saudi Arabia begging to do a deal with the Houthis in Yemen after the Houthis previously destroyed 3 of the major refineries in Saudi Arabia.

And the Houthis were like, we're We're just getting started.

Last night, in the past 24 hours, Iran destroyed 2 tankers, not 1, but 2 tankers in the Strait of Hormuz, shot down an MQ-9 Reaper, hit a US airbase in Kuwait, by the way, as well with at least 3 drones. Like none of this, you know, and corporate news is like, all right, all right. Donald Trump is so close to getting a deal done, says Donald Trump, says Treasury Secretary Bessant. And then like the market, the market moves on that. And Trump's rich oligarch friends like just crush it and they make all this money while the American people are getting screwed over. I mean, you had the Dow up 1,000 points. You had the S&P up 137 points. You had NASDAQ up 2.5%. Then you're like, well, what did it move on? What happened? Oh, well, Bessin said that they're very close to doing a deal. And the Strait of Hormuz is going to be open. The Strait of Hormuz was open the entire time under the Biden administration. What are you talking about? Donald Trump said he wanted to go into this war for regime change. He said he wanted to go in there because even though he said he obliterated their nuclear weapons in June of 2025, he wanted to do it again.

Apparently, he wanted to obliterate it. And as a result, we have many of our service members killed. You have thousands of Iranians who are killed.

You have our economy getting crushed for most Americans.

But you know what? They manipulated the market. And this whole thing is so obviously choreographed too. You got Bessant. Where does he go this morning? Where does he go? CNBC. They put the guy on CNBC for the purpose of, in my opinion, just doing market manipulation. And so you've got Bessant says we have a deal today or tomorrow. Let me just show you the clip of Bessant right here. We've seen Trump last week. He's on CNBC saying this. We saw him last week. He threatened that there would be a bigger attack than World War II. And now, as a result of threatening World War III, I think we see a chance of a deal today or tomorrow. He goes on the financial networks to manipulate the market. At the same time, Donald Trump's Truth Social is selling early access to news that Trump posts and that Trump's regime puts out there. $100,000 per Wall Street firm that wants early access in order to inside trade quicker. This is the one from Besandān Arān. We've seen Trump last week threaten what would have been the largest military campaign since World War II against the Iranians.

Let's play that clip if we got it.

And we've seen President Trump last week threatened what would have been one of the largest military campaigns the largest military campaign since World War II against the Iranians. And now we are— because of that, we are in talks with the Iranians, and I think there is a chance we may have a deal today or tomorrow to open the strait.

And that's the deal to open the strait, the thing that existed before, the thing that existed under the Memorandum of Understanding. And the markets are like, oh, we did it!

We did it, you know, to the extent there's anything that's good, and there really isn't, about this Trump regime is that it's truly exposed the systemic nature of this Epstein class and this oligarch class and this broader kind of fraudulent international economy at this point.

Right. You know, as Aaron Parnas, who's just been crying, Parnas, Katie Fang, They're doing such incredible work following the Epstein money.

Follow the money, how Wall Street bankrolled Epstein and how the administration and CBS are blocking the truth and how hundreds of millions of dollars went in and out of Epstein's accounts through major banks. I'll get to more of the story, you know, in a little bit as well..

But think about Epstein was right in the center, not just of the hundreds of millions of dollars that went through his accounts, but the billions of dollars and more controlled by this broader Epstein class, right? The cabal that they always say, ah, it's the Democratic cabal, it's these cabals. They built up a whole QAnon thing to shield themselves from the very thing that they were doing, right? And when you look at this, you're like, wait a minute, the market responds positively to this? Is that the stupidest thing ever? No, it's manipulation. And we know the manipulation is taking place and the people are getting screwed. You know, and that's why, you know, you have all of these people as we look to the Wisconsin primaries tonight, which of course we're going to cover. When you look at all these other primaries taking place across the country, When you look at the broader sentiment of the American people right now, this isn't a normal political climate of, well, you know, here's a Republican and here's a Democrat. This is some existential stuff. People are getting killed out there quite literally from ICE and Border Patrol, quite literally from having their healthcare ripped away, quite literally from having their lives destroyed by this regime.

But this is existential stuff. And these oligarchs are also doing it in plain view. It doesn't make it better for them to hide it versus do it in plain view. But they're out there looting and stealing and cheating. And it's so damn obvious. And we the people, I don't even care what you label who the fighters are. We want fighters. We want people who say this is existential, damn it. That these people out there, this Trump regime, they're trying to kill us. And that's not— I don't want to hear people who go, oh, Ben, you're being hyperbolic. But no, no, this is life or death stuff for most Americans who open up their refrigerator and say, am I going to be able to add anything here? It's empty as is. Or am I going to be able to afford health care today? Can I fill up my a car with gasoline? Can I, can I exist? Can I survive? Can I make it? What's going to happen to future generations? That's the moment right here, right?

I want to bring in Luke Riddell, Midas Touch White House correspondent.

He's actually on the grounds of the White House right now.

I want to just thank everybody here at the Midas Touch Network for helping the Midas Touch Network expand. As you know, our Washington, D.C. bureau has grown dramatically under the great leadership of Scott McFarland. You've got Pablo Monríquez on the Hill, and now we've got Luke Riddell over there, quite literally on the White House grounds, that we're talking about.

Luke, talk to us a little bit about what's going on at the White House today. I know it's been pretty eventful. Jeanine Pirro was seen storming out with, like, a suitcase and with a white box, apparently.

She was showing Donald Trump that it wasn't vandals and that it was actually the contractor. And she thought that she was going to talk sense. You had Doug Burgum apparently going in and also wanting to get his say to say that we should get rid of Jeanine Pirro or that there was clearly a fight there.

You had Jay Clayton very quietly, very quietly getting confirmed.

To lead the Office of the Director of National Intelligence.

What's going on at the White House, Luke?

Well, Ben, first of all, thank you very much for having me and welcome everybody to the White House. It's great to be here reporting on your behalf. You mentioned Jake Clayton there at the end, the fact that it was so quiet. You have to wonder if that was a reflection on how Jake Clayton did while answering questions on Capitol Hill, that infamous clip of him answering a question from Georgia Senator Jon Ossoff about the 2020 election, or should I say not answering it. He refused to answer the question, a very simple question of who won the 2020 election. It's a question we've seen many of President Trump's nominees get tripped up on and refuse to answer directly. We had that swearing-in happen behind closed doors, no press allowed inside. The president didn't take any questions from press while leaving the White House just a few moments ago, or when he was taking off on Air Force One to head out west to where you are, Ben, uh, for a campaign event in the run-up to the midterm elections. We saw the swearing-in of Jake Clayton and the advancing of the nomination of Todd Blanch over in the Senate, just down Pennsylvania Avenue at the Capitol.

A lot happening here at the White House with the various departures that have been going on from the Trump administration.

Talk to us about where you are right now. Um, obviously the White House is right there. Talk to us, if you can, about what kind of access you're going to have, what we can expect of your role.

Yeah, so I can give you a little tour around. Right now I'm coming to you from the West Wing of the White House, or as it's now become known, the only wing of the White House since the East Wing was demolished. Just over my shoulder there are cranes overhead building the White House ballroom that is set to be completed by the end of the President's second term. He's hoping to have at least a couple of months. In which he can use it. I'll spin the camera around a little bit here. You can see, uh, those green tents back there where all the rest of the corporate media is situated, all of their cameras. When you see them coming to you live from the North Lawn, that's where they are. I'm going to take you inside the briefing room now though, Ben, um, because this is what you see on TV. Um, it's a lot smaller, uh, than it looks on TV in the moment, but that is the lectern from which White House Press Secretary Karoline Levitt has delivered her briefings. The the seats where all the folks in the press room sit. I imagine, Ben, that you would love to be sitting in one of those seats to ask questions.

I know I'm looking forward to that opportunity soon enough, but I'll have access here to all of that, to all of what's going on steps away from the Oval Office, steps away from the construction of the White House ballroom, the construction on the other side of the White House helipad that is now started back over again because the president was unhappy with it. And so we'll be here covering all those stories. You're taking a look at it now. Like you said, Ben, there is a lot of construction, a lot of noise happening here at the White House. We came in today hearing the sounds of jackhammers, not from the east side of the building where the ballroom is, but from the South Lawn where the President takes off on Marine One. Wasn't entirely clear what that was until my colleague here on the White House press beat, Dan Diamond of the Washington Post, broke the story that the President had asked the folks who are building the White House helipad to rip it all up and start over again because he wasn't happy with the way that it looked, with the way the granite was sloped on the White House lawn.

Not entirely clear how all that's being paid for, how that new work is being paid for. They're working around the clock, so you have to imagine there's overtime involved in all of that. But Ben, as you can hear around me, lots going on here at the White House.

Now, I, I, what I really appreciate about you being there and what I think the Midas Mighty community is going to appreciate is, um, you know, to be able to ask the questions the same way we've been doing on the Hill that people really, you know, want to have answered. And I know that's one of the things, you know, you're going to bring. Why don't you let people know a little bit about your background also and kind of what, you know, just introduce yourself to people. People may have been seeing some of your videos already on the member page over here on YouTube.. But, but talk to us about kind of your mission, what your goal is.

You're also gonna be on Capitol Hill like you've been this past week.

Talk to us about that.

Yeah, absolutely. For folks who don't know me that well, um, I have been a reporter now for the last 9 years, starting in 2017 with the first Trump term. I was just 13 years old when I started my own YouTube channel to talk about the news and politics, to talk about what was going on in our country. Maybe not the average thing that a 13-year-old would start to do, but We don't live in average or normal times right now. And so I was talking about the issues that mattered most to the people in my community. And that's what I hope to continue to do here at the White House. Um, with all due respect to all my incredible colleagues here on the White House beat, there are a lot of really great reporters here, but I don't work for a corporation. Um, I work for you. I work for the Midas Mighty, and I take your questions and bring them with me to the White House press briefing rooms, to the Oval Office, to these opportunities that we have to hold those in power to account. And that's my general thesis and how I hope to handle this job and all the other jobs that I have in the future is that, you know, the people who are living in this taxpayer-funded residence are also paid for by your tax dollars, and so they deserve to be held accountable.

They deserve to take tough questions. In fact, that's their responsibility, is to take tough questions on a regular basis from the people who elected them and who, who paid them. And that's all the people in this country, not just the people who supported this president, this current administration, but everybody in the country who pays into the taxes and makes America so great.

Luke, show us that press room one more time because a lot of people are saying that it does look way smaller than it actually is.

It's a tight squeeze. It's a tight squeeze, and there's a lot of people who want to be in here when there's one of those briefings in the moment. But, um, yeah, you come right up here, and this is the lectern where the White House press briefings happen. Um, behind that blue door is Caroline Levitt's office and the rest of the White House Press Office. Just about 25 steps from that door is the Oval Office, uh, where the president would be. He's not today. He's on Air Force One, the Qatari-gifted Air Force One, uh, right now on his way out west to you, Ben. I don't know if he's to you directly, um, but he will be out your way, um, tonight and tomorrow. So this is—

where is he going to be?

He's going to be in California.

He's in— I believe he's staying in Las Vegas this evening. Um, he's meeting at his golf course in California tomorrow with some Republican donors there, and then he'll have a rally at Red Rocks Casino in Nevada tomorrow.

Luke, thanks for joining us. We appreciate the live update. We're excited to have you there asking the questions that this community wants answered. I'm sure they're not going to make it easy for you, but, uh, you, you've been preparing for this, and so we, we look forward to your reporting as well.

Well, thank everybody, and be sure to follow along, uh, for more updates.

There you have it, everybody. Luke, Great to have Luke there. All right, let's take our first quick break of the show. When we come back, I want to talk a little bit about the hearing that was taking place, uh, in the Senate Judiciary Committee regarding Todd Blanch. I want to talk about what's the latest with Jeanine Pirro. I want to talk about the news— this is really not being covered in a lot of other places— that a nuclear-powered submarine captain was, uh, just, uh, pretty much fired. He was put on a new, uh, tour of duty. But I want to talk about, uh, that. And we've been seeing a lot of just top military people just getting fired. Yeah, the Navy, Navy fires a commanding officer of the USS West Virginia nuclear-powered submarine. And then there's actually been numerous other captains of these nuclear-powered submarines, or commanders rather, you know, who have been let go kind of quietly behind the scenes. We've been following that. All right, let's take our first quick break of the show. We will be right back after this quick break.

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Welcome back to Ben on Breaking News. I'm Ben Myselis. This is breaking news. We started off the show talking about foreign policy, or I don't even think you can call it foreign policy as it relates to the Trump regime. You could just call it like foreign events happening, I guess, because there is no coherent strategy or anything. But now Donald Trump is threatening to decapitate Iran if Iran does not make the deal with Oman that Iran wants to make. That it was previously been negotiating. The point that I've been making is Donald Trump can't do deals. He only knows how to rip deals apart, whether it's the USMCA or CUSMA, as it's called in Canada, the Canadian-US-Mexico Agreement, whether it's the JCPOA, whether it's bipartisan legislation that was carefully negotiated when Congress actually worked. Donald Trump knows how to rip things apart, divide people, you know, uh, call people communists or whatever it is, but he can't build. He can't Never, never in his life. He was always a destroyer, always a bankrupter. We talked about— speaking of bankrupting, we talked about early on America is out of interceptors, like virtually all. That was the reporting from Reuters.

Virtually all interceptors are gone. And, uh, you know, so not only is the Arab umbrella, security umbrella, gone, but if you're in Asia right now and you're an ally of the United States, um, you know, there's no precision there's— if you observed what happened in the Middle East, um, you know, right now China knows that it is the dominant force, not just in Asia, of course, but, you know, really throughout the world. And I think what we're going to see is a lot of these Middle East Arab nations inviting China to basically replace the United States, you know, as kind of a guarantor, if you will, for, uh, peace and stability in the region there. One of the big warnings is that the United States is not able to protect Taiwan, is not able to protect South Korea, is not able to protect Japan, you know, and that's in Asia. And then of course we've been covering here how, uh, back— it was 3 weeks ago— Trump promised interceptor licenses to Zelensky because there are no interceptors in Ukraine right now. Trump regime promised that they would give Zelensky interceptors by selling them to Europe, and then Europe and NATO would then give them to Zelensky.

But both because the US ran out of the interceptors and because, you know, in my opinion, Trump's a Putin bootlicker— but you may agree, I mean, you could feel, feel free to feel how you feel, that's my opinion strongly— um, Donald Trump did not get the interceptors over to Zelensky, um, and did not give the interceptor licenses to Zelensky. And then remember at the end of last week in Camp David, Trump's like, well, we don't want them to use it against us. What do you mean use it against us? They're interceptors. They're not the ballistics. They intercept. So it would only be used against you if you invaded Ukraine. So are you literally parroting what Putin said? Because for it to be used against, it's used in a defensive posture. It's an interceptor. So it seems like literally what Putin would have said on July 4th when they spoke, saying Well, it could be used against us. So you've got, you've got that going on. You know, internationally, you got Saudi Arabia wanting diplomacy with the Houthis in Yemen. And, you know, and so it's really just a complete capitulation. You've got the market manipulation taking place at home.

You got Donald Trump getting richer by his stock trades. We know 21,000 stock trades last year. And then Even though you had two Republican senators, Cornyn and Tillis, say they would not confirm Acting AG Todd Blanch unless there was a written document rescinding the May 18th and May 19th settlement agreement. The 18th created the January 6th insurrection anti-weaponization fund, as it was called. The May 19th agreement was the addendum that gives Donald Trump, his family, and his companies and trust full tax immunity. They can't be audited. They can't be prosecuted for tax crimes or investigated, uh, for tax crimes. As you now know, I don't have to repeat it, we've reported on this a lot. But what Blanche did instead is he gave two pieces of paper. One was an order that purports to rescind the so-called Anti-Weaponization Fund from May 18th. The other document that Blanche posted was a press release that was referred to as an update or an update on information regarding the May 19th addendum for Trump's tax immunity. But it basically just affirmed Trump's tax immunity, just as he's— yeah, he's got it. And, and then they try to act like, well, we limited the scope, it's not going to waive anything in the future that happens after the settlement agreement was signed, it just goes back, it's retroactive only.

And we know that. I mean, that's what a settlement agreement is. You can't waive ever future unknown claims in a settlement agreement. So you've done nothing. And the order that Blanche issued was not signed by both parties, thus it's unenforceable. And because it's not a rescission of the settlement agreement, it's just an order regarding another order regarding the Anti-Weaponization Fund.

He could just create another order tomorrow, and he's gonna— we all know what he's gonna do.

But you have Tillis and Cornyn who are very cowardly, Very cowardly.

I mean, they're out. Trump destroyed their career.

What are they so worried about, being a lobbyist or making money once they leave? And they're worried that Donald Trump's going to make social media posts about them and they won't be able to get the jobs to pay him a lot of money once they leave the Senate or whatever they plan on doing, that this was what they did.

And they're like, well, what else can we do? There's nothing really else we can do at this point. We're just going to have to take their word for it.

I mean, take their word for it. What else can you do? You could vote against the guy.

It's pretty easy.

Just vote against the guy and put in someone normal. Put in someone who follows the rule of law.

Law.

It could be a Republican, although, you know, they're mostly all MAGA right now. But put in someone who will follow the rule of law. Put in someone who hasn't destroyed the most important foundation of the Department of Justice, which is the presumption of regularity. I mean, federal courts with judges appointed by all presidencies say the Department of Justice has lost all credibility. You know, whether you look at a David Hearn type of case with fabricated evidence that was given to a grand jury there. Well, that was DC Superior Court. Whether you look in Chicago of the peaceful protesters, uh, who were indicted based on fabricated evidence there, whether you look at the first Comey indictment where Lindsey Halligan shouldn't have been in the grand jury room, we know that grand jury misconduct by these federal prosecutors under Blanche's, uh, control, um, the grand juries have been infected by misconduct. The DOJ has no credibility. It's basically viewed as like, like a crappy, irresponsible law firm from a competence— like they miss deadlines. They cite AI instead of like what the actual law is. They don't show up to court. Their lawyers whine to the judge that they're overworked and that they don't know the facts.

They don't know what their cases are about.

And then, of course, there's the, you know, there's, there's the corruption.

But remember, when we talk about this J6 slush fund, that, as I've always said, that was always the smokescreen. Trump doesn't give a crap about the January 6th insurrection.

It's just like on J6 itself.

What was he saying?

I'm going to go with you. I've got your back.

No, he doesn't.

He doesn't care about them.

It's—

I mean, he cares about them purely to the extent they do his bidding.

And if they'll protect him, if they'll fight for him, if they'll kill for him, If then he can, you know, then he views them as a protection racket. But he doesn't really care about, you know, like what, what, you know, anything about them.

As I've always said, this is all about Trump giving himself tax immunity. That's what this whole— the whole thing was about. That dude doesn't want to pay taxes. That's it.

He made $4 billion that we know of, maybe more in the past 18 months or so, or I think over the first year he made $4 billion, probably more than that. Tax day was April, right? Did he pay his taxes? Did he file his taxes in April? But that was tax day. So all that money that was made, right? Tax day was April. You know, I don't know if he applied for an extension or what he did. But, you know, if you knew you were going to file that, he filed this lawsuit in January, right? So if you knew you were going to file this lawsuit and do a collusive settlement with yourself and your Trump, you know, and you were going to do this.

Then, you know, what, what if on his—

we don't know what his April tax return says, but what if his April tax return basically says $0, all the money was a loss, it's all losses? And obviously that we know that is, you know, not true.

But that's what he filed in April, right?

The settlement agreements May 19th. So let's say $4 billion to $6 billion in income. April, he files a tax return. And says, actually, that was all losses.

He could just make it look blatantly flagrant, like on the tax return. How much did you make? $4 or $5 billion.

What was your charitable contribution? You know, $8 billion.

Just make up the number. I don't know what's he going to do. And then on May 19th, he waives the liability to it. He waives liability to it. So people— I hear people who are like, oh, you know, it's $100 million, it's whatever. It's way more than that.

It's way more than that.

Whether you put the capital gains tax or you put general ordinary income tax on the $4 billion, it's at a bare minimum $1 billion. At a bare minimum, it's $1 billion in taxes. And it could be as much as $2 billion in taxes that, you know, based on the reading, if he engaged in a felony on those returns and just lied about it, He's not prosecuted for it because it happened before the settlement agreement. So what are we doing here?

How—

like, like, I understand that it happened in plain view in front of us, but like, what the hell are we doing here? And by the way, this morning, too, when Treasury Secretary Bessant was manipulating the market, he goes on CNBC, we're close to doing a deal. The market rips. Nasdaq crushes.

S&P crushes.

New York—

the Dow Jones crushes.

They create the curve. I mean, they, I mean, they create the dip and then they buy their own dips that they create. Don't you see what they buy their own dips? They create it with their policies. But what you see there, pull that up, Jeremy. That's not the experience of the American people. Those numbers right there aren't putting food inside people's refrigerators. It's not putting gas in people's cars. It's not putting medicine into people's medicine cabinet that they need to survive. It is not.

It is not giving people health care.

You know, that number right there, that's an oligarch number right there. That green right there, the Trump-Epstein class, they love that. They love that number right there. And they're engineering this number while the American people are screwed. And then they fearmonger and they go, oh, you know who you should really worry about? You need to worry about the communists and the socialists and all of these people are coming to get you. Dude, there is socialism right now. It's socialism for billionaires. There is communism right now for the billionaires. That's what exists right now. Don't you all see that? That's what— what's more communist, in my opinion, than the way Trump rules. He rules like every communist dictator that's existed. He's got his oligarch crew. He creates a social welfare state for them. He promises everybody everything. We're gonna give you this, we'll give you this, you're gonna get this, you're gonna get rich, you're gonna do all of these things. Then, as he says, what's great about being a communist, you promise all these things and you don't have to deliver. Then he doesn't deliver and all his rich people get money.

It—

he runs the economy like communist dictatorships, in my opinion. And then you have Bessant, who shows up on CNBC with that shit-eating grin of his, with that smirk of his, of I'm better than you, I'm better than— you know, you know, this guy's just— again, these are just the biggest scumbags in the world. And you've got Bessant right here, asked by CNBC, as though this is like funny. So Bessant—

I don't think I need a notepad to show you, but on—

at the Camp David cabinet meeting, Bessant put on a notepad $5 to $10 billion for Japanese yen. It said $5 to $10 billion Japanese yen, and then the media took a photograph of it, and then they were like, ooh, I guess he wasn't being careful with his notes. No, he was— he was doing it on purpose. He wanted you to take the photo of it so that his friends can manipulate the currency markets and make a huge amount of money. That's one of the things that Bessin did when he was not the Treasury Secretary. He made a lot of money in currency markets. And so they're out there trading. He's signaling to his oligarch buds what to do because I'm sure most— 99% of Americans when they see something on a notepad that says ¥5 to ¥10 billion, most people don't know what the hell you— oh, you're going to bail out the Japanese yen because they're going to dump American Treasury bonds if you don't bail them out. And the Treasury yield, 30-year is 5.2%, 5.3%, and the 10-year right now is approaching 5%. I mean, people don't know what that— but Then they brag about it.

This is CNBC. Like, CNBC purports to be like the bastion of capitalism, right? Like, this is the— this is where you learn about the markets. We know the markets. Like, what they're doing here is straight up like crony communism masquerading as like, you know, you know, or late-stage capitalism, whatever you're going to call it. But you watch this and there it's one big joke to them. It's one big joke. The war, the market manipulation, the suffering of people. It's like a joke. It's like a joke to them. Watch Bessett.

Let's play it.

Just got to ask you, you're a sly dog. When you wrote that down, buy $5 to $10 billion, and the printing looks so big. You've done this before, haven't you, where, you know, people are looking over your shoulder. You know, did you need to be reminded of things to do? Buy 10 to billion, 5 to 10 billion in yen. Tell me what was really going on there in a second.

Well, I just wanted to make sure that all the reporters looking on over my shoulder also knew the symbol JPY for the Japanese yen.

So, okay, instead of shorthand to yourself.

Yeah, you know, I was going to finish the list, you know, the, the rest The rest of the list was, you know, like, go, go and have lunch with the Supreme Leader, play tennis with Putin, you know. But I thought I would just leave it at the buy $5 to $10 billion of jets.

What do you think these people talk about at their country clubs? What do you think? That's what they talk about when the cameras are on them playing tennis with Putin. And that was so funny to the host that he snorted. He snorted like a pig because that was such a funny— I'm gonna play tennis with Putin.

That's, that's, that's funny to you?

I, I just, I don't see the humor in it. I, I think that I'm—

I, I'm—

I like jokes. I like jokes, kids. I like to— I like humor.

I don't, I don't, I don't see what's funny about playing tennis with Putin while you're talking about manipulating the markets and you're part of a regime that promised you would end the Russia war against Ukraine in 24 hours and it's only escalating and you're not providing Patriot interceptors to Zelensky that were promised.

What's the— why is this a funny thing? Oh, you sly, you sly dog, you. Did you hear? You sly dog. What a sly dog you are. You know, notice amongst that group, the Epstein class, sly dog. Oh, I am a sly dog. Oh, you are a sly dog, Scotty. Oh, I am a— I mean, that's what— what do you— what the f is going on there, right? But Mom Donnie and other people, they're viewed as, oh, that's the threat. How dare they?

They just make up things.

You're gonna have to have a license. You're gonna have to have a license if you want to go to the grocery store. That's Mom Donnie's policy. No, it's not. It's made up.

Who—

where's that news coming from? Polymarket.

Oh, really?

Polymarket? Polymarket and Kauschi? That's, that's the news source on Elon Musk's platform that Mom Donnie's forcing people to have a driver's license to go to a grocery store, which is not true. So Mamdani bringing down violent crime in New York City to the lowest levels in history, trying to find ways to make life more affordable, freezing rent through the Rent Stabilization Board to actually deliver on a campaign promise that's not different than the one that Trump promised. But Trump freaking lied about, and Trump wouldn't even sign the housing affordability. On the one hand, that's viewed— Mamdani, radical, crazy, dangerous. Sophie Cunningham somehow is involved, and I'm not sure how. WNBA, we're angry at that, or we're supposed to be angry at that. But you sly dog, you manipulating the markets, you sly little fox. You sly fox. I'm watching. I'm like, what are you— you're talking about manipulating currency markets? You're doing it in front of us while the people are suffering?

Crazy.

It's crazy stuff. By the way, that's the—

I'm gonna plug the book. Don't get mad at me for plugging the book. People like, oh, you plug the book all the time.

WTF America addresses the stuff that's not being talked about. Pre-order it right now.

It comes out in October.

The publisher says The preorders are super helpful and there's huge momentum. But we talk about concepts like that, the WTF concept. And the thesis is we got to take a step back here.

We got—

like, I know tonight there's big election in Wisconsin. I get it. I get it. There are some great candidates.

There are some great candidates.

And it's an important election.

I don't want to downplay it.

Okay.

But we have to step back and we have to reflect on the whole system.

Right.

What corporate news and what the oligarchs try to frame as radical. Or like far left.

Some of this stuff is not radical at all, like giving people health care, getting people education, getting people jobs, making sure there's not massive wealth inequality.

That's not like—

these are not radical concepts. What is radical to me is Project 2025 ripping away people's healthcare, having Trump do 21,000 stock trades, fuck, doing golden ballrooms, engaging in never-ending wars and having fake negotiations in your mind like the kid on Sixth Sense. I see dead people. I see the Ayatollah. That's some— you want to talk about radical stuff? What I'm watching, that's radical. But the people with the power structures and then their corporate news, they want to frame these things. Heads I win, tails you lose before the game even begins. And they frame it, oh, we're fiscal hawks, we're fiscal conservative. You ain't fiscal hawks. You run up the debt more than anybody. We're China hawks. What do you mean you're China hawks? You gave China all of our classified semiconductor chips, and then you gave UAE it as well. And then they gave it to— they're likely going to give it to China. What do you mean you're a hawk? You're running up massive deficits. The debt's $40 trillion. Donald Trump's responsible for like half of it, like $47 trillion. You ain't hawks, fiscal hawks. But I'm a fiscal conservative. I'm a states' rights.

You ain't states' rights. You ain't fiscal conservative. So one of the thesis in WTF America is, yes, it is. Yes, I get it. This election's important. Midterms are important. But we got to step back. We got to understand how the game is rigged at a generational level. That's what we have to call out. That's what we aspire to do here. Of course, I got to do rapid response videos. I got to talk about what's happening today, what's happening here.

Here's what happened. Here's what happened.

Here's what happened. It's breaking news. But we have to step back and see. See the bigger picture.

All right, let's take our last quick break of the show. We'll be right back.

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Welcome back, everybody. You know, as we think about the Michigan primary— I think I may have said Wisconsin— I'm in Michigan. We talk about the Michigan primary, um, tonight, and we talk about, uh, the elections coming up I mean, it's critical. It's critical. It absolutely is. And so I certainly don't want to downplay the importance of primaries. I don't want to downplay— in fact, I want to make sure I always emphasize the importance of voting, participating, getting your voice out there, joining local community groups and ensuring that your vote is heard, protecting the right that you have to vote. Um, what I, what I want to focus on, WTF America, what I want to focus on sometimes here is that it seems obvious that the people who rigged the game, the oligarchs, the people who are pouring in the hundreds of billions of dollars, they set up constructs that are traps for fights to happen along almost gamified kind of framework and that it's this team and it's that team and it's this team and it's that team. And I get naturally when we talk about elections, there's going to be this team versus— I get, you know, someone's going to win.

There is a competition to it, right? There is. That's just part of it. But what you got to pull back and also recognize is that we are on the American team. And what we have to recognize is who is screwing us over, who is causing us harm, what is the purpose of governance, what are we actually trying to accomplish in an election, who's— who is representing our interests, who is calling out the injustices here and abroad, who's going to be delivering on an agenda that actually helps the people. And What I think is, again, very, very important is we don't lose sight of the very fact that sometimes we can fall into traps that are already being created by the people who are working on behalf of powered interests to create disunity when there's actually a great deal of unity among the American people. And I, firmly believe that there are a lot of issues that are 70-30 and 80-20 issues that most Americans agree on. But then you'll always have the power structure try to divide us into camps or tribes or religions or races or, or throw in immigration or culture wars, because the more divided people are, the less people will agree on the same 70-30 or 80/20 or 80/20 issues.

Um, I, I want to go back though, you know, because, you know, even, even see, uh, NBC, you know, after you had those Bessant appearances, like, even they recognized what just took place on their own program. You know, they're like, oil moved pretty drastically over the interview that we just took. Let me just show you what they— even they acknowledge that what just took place on their network was market manipulation. They don't call it, but Literally, they just created the economic situation that they then just reported on by bringing Bessant on to manipulate the market. And the broader issue, as we talk about broader concerns, is the lack of confidence in the indexes, the lack of confidence in, you know, that the markets actually will function.. And the long-term credibility, predictability, certainty of the United States, that gets called into question now because of the breakdown of these systems, the tearing it to shreds by Trump, by a compliant corporate news. Here, let's play this clip.

Oil. Oil moved pretty drastically on what the secretary was saying. He said that we could see an opening. He believes we'll see a deal potentially today or tomorrow to reopen the strait. As a result, take a look at oil prices. WTI moving pretty rapidly. We had been at $82 a barrel earlier this morning. At the top of that interview, we were trading at $80 a barrel. Now it's off by $3.55 to $76.79. That in turn has impacted the futures pretty rapidly as well. The Dow was up by about 300 points earlier this morning. Now you're looking at the Dow up by 513 points. S&P had been negative, it's now indicated up by about 5 points, and the NASDAQ is, um, up even more than it had been earlier at 227 points. You've also got Treasury yields that moved on this, the 30-year in particular. We were looking at a 30— 30-year yield of 5.25 when the show began at 6:00 AM. It's now trading at 5.21, and in fact the entire complex had been yielding higher. It's now lower across the board. The 10-year is at 4.65 and the 2-year is at 4.22.

How's the Dow?

The Dow's up 500 points. It was up 300 before.

Yeah, I saw that. No, I saw it was up 500.

Oh, you were—

no, it just—

oh, now what the hell is that? I mean, seriously, what that— I mean, and those are the people, by the way, who will call out policies to help people get health care to help people get paid with dignity for hard-working jobs that they do. People who fight for making sure that there's fair tax policy out there, that, you know, is— it's, it's a bit unfair that why is it that the rich folk get all of the benefits and get all of these loopholes? They buy a sports team. Did you know that you can write off the purchase of a sports team. Like, it's 100% write-off, and you can write it off over the course of— like, I forget if it's 10 to 15 years. So when you buy the sports team, you can write it off to all your other businesses. It's a write-off. It's the craziest thing. So while the value of the team increases, you can then write off— I think it's like, you know, 10 or 20% of it every year. And so it becomes like basically a free purchase of the sports team. You can write off your private jet. I mean, all these— I mean, the deductions you could take are crazy.

And then people are just struggling to get by. I mean, you've seen the show, we've been highlighting, um, you know, Pennsylvania because it's a swing state. But in northeastern Pennsylvania, for example, I mean, you've got a MAGA Republican congress member there, Ryan McKenzie, who is in Pennsylvania's 7th Congressional District. And, you know, he's out there with Donald Trump, uh, voting for the big beautiful bill, which is— everybody knows is a disastrous bill. They're out there continuing to loot and pillage from the American people. And you can see which is going on with the regular people in Pennsylvania 7th. I mean, and to me it's a bellwether for what's going on in the rest of the country. I mean, people's health insurance is going up. Donald Trump may break—

I brought your prescription drug prices down 800%.

It.

People aren't stupid. You're bringing up healthcare costs, you're bringing up costs in just about everything as well. I mean, you're seeing people who have to ration their medication to be able to afford the rise in health insurance costs, um, and you've got, uh, people struggling to pay rent. Let me just share with you a story. This comes from our friends over at Fight for Progress, and I love how they're just focusing on these stories of regular Americans, regular Americans who are just struggling to get by and who have been harmed by the policies of the Epstein class, of the right-wing oligarchs, of people like Ryan McKenzie.

And there are people like this.

It's probably the story that I'm about to show you is probably a story that is either something you experience or that you know somebody who experiences. This is what the American experiences right now as a result of Trump's disastrous policies. Let's play it.

If Ryan McKenzie is fighting for us, I haven't seen it. Prior to the Affordable Care Act, I did not have insurance at all. I would like save pills so that I could have some in case. I always tell people like it saved my life.

The House has narrowly passed a Republican healthcare plan, but without extending Affordable Care Act tax credits that are set to expire.

There were tax credits that were helping keep our premiums lower.

President Trump told reporters yesterday not to, quote, waste their time extending the subsidies.

My insurance went from $400 a month to $700. Some of the things that I did to afford that: renegotiate negotiated our internet, stop buying beef, stop going out. We can't afford it. So I need my health insurance. My rep Ryan McKenzie, who says he cares about people's healthcare in the Lehigh Valley— oh, I care about their healthcare— and I signed off on a discharge petition to renew the ACA subsidies, except that he waited so long that his signing off had no effect. He knew it wasn't going to get passed. I don't see how anything that he's doing has benefited me in the slightest. If anything, he's made my life harder and worse.

Everybody, uh, go check out Fight for Progress's YouTube page. Search Fight for Progress. You can watch the full story as well. And go in the comments over there when you go to— so you search on YouTube Fight for Progress. Watch the— they've put in some great videos, some great content. Content out there and then say Ben says hello over there. But to me, I just want to share stories like that because, you know, the, the headline on Yahoo Finance may be stock surge to record high as Bessin says deal to reopen the Strait of Hormuz is near. It was open. It was open. It was open before this. It was open before Trump and Netanyahu did this catastrophic war. It was open before this. This is really what we're doing. And the market's like, yeah, we're doing it, here we go, it's gonna open again, really this time. And of course Iran denies it. Iran's like, no, what are you talking about? We just, we just struck your base in Kuwait last night and two tankers. We're negotiating with Oman, that's what we're doing right here. And, and then you, you know, you look at what's happening here in the United States, Donald Trump focusing on tax immunity for himself.

And his kids and his company so he doesn't have to pay taxes while he makes billions of dollars in quid pro quo deals, trading the Oval Office to make himself wealthier, making the United States far weaker generationally, far weaker generationally. You got him focused on the reflecting pool, which they did a fabricated prosecution blaming David Hearn, a two-time U.S. Olympic canoeist, of vandalism, then admitted it was a fabrication. But then Trump says, no, Jeanine Pirro, my own Justice Department, Todd Blanchard, who oversees her, they got it wrong. Todd Blanchard oversees her too, by the way, bud. Helipads breaking down. So, well, they got to redo the helipads. You got the White House looking like a literal, like, uh, like junkyard. Like, it looks like a literal kind of of, you know, mass waste disposal facility. Have you ever seen the White House or DC look grosser? They're gilding— they say they're regilding, but they're gilding the bronze statues gold. So that's not regilding. You're taking a bronze statue and you're painting it gold for millions of dollars. Who— we don't— we know first it's bronze. It's not gold. Why are you making it gold?

And why are you doing it?

We don't want any of this.

We just want health care.

And then they have the audacity to say what's really radical, what's really radical is fighting for free health care. No, what's really— what's, what's, what's really conservative is our budget bills and the ones that have racked up massive amounts of debt. I mean, Trump's responsible for like $20 trillion, $17 trillion of the $40 trillion in debt. Yeah, you think that makes you fiscally conservative? That's— these are the hawks? These are, these are the hawks? Yeah, y'all, y'all couldn't run the military. We, we're out of interceptors, we're out of THAADs, we're out of Navy destroyers. We're out, we're out.

The United States military is out.

They got rid of all their top generals and admirals. They got rid of the former chairman of the Joint Chiefs, 4-star General C.Q. Brown Jr. last year. Got rid of him because he's Black and the Trump regime is racist.

And so they brought in a white guy because they liked his nickname, Raisin Caine. Raisin Caine, 3-star.

He had to get a waiver because he didn't have the qualifications for the job. To be fair, of a lot of the people who are all bad, Kings probably better than most of the awful people. Like, I've showed you Admiral Cooper of CENTCOM, who's just been a disaster. Oh my God, that Admiral Cooper guy, when he testifies, I, I cringe every time that guy talks.

CENTCOM, how did this, how did this happen to CENTCOM? We control the Strait of Hormuz, not Iran. And then the American people like, enough, enough, enough.

Anyway, we're going to focus on, uh, we'll report on the Michigan primary tonight, of course. Tell me in the comments, I'm just curious, who, who are you, um, who are you looking to see prevail in the Michigan primary? I'd love to, I'd love to just read your, your, your comments and, and just see where the audience, where, where our audience is on the Michigan primary. I'm just interested. Um, obviously the primaries, the midterms, crucial. I'd argue the midterm is the most important election yet, like, in American history, probably.

I'm probably—

2024 was a bit more important, but we screwed that one up. But this is— but other than that, that's this one, and then 2028. But, um, I, I do think it's important that we think more broadly about how we got here and how we get out of this hell. And that's a major theme of WTF America— how we get out of this hell. How do we get into this hell? How do we get back to democracy? How do we get back to sanity? So order, pre-order. Our publisher says there's great momentum for the pre-orders, so let's keep it— let's keep it growing. Um, tell me in the comments if you've, if you've ordered it, right? WTF.

All right, I got a lot of videos I'm gonna make, got a lot of work we're gonna do. Appreciate you all so much. Shout out Midas Mighty.

Thanks for watching Ben on Breaking News. Really grateful for all of you.

Have a good one. Want to stay plugged in? Become a subscriber to our Substack at midasplus.com. You'll get daily recaps from Ron Filakowski, ad-free episodes of our podcast and more exclusive content only available at MidasPlus.com.