Transcript of Trump Gets Busted as $1 Trillion Loss Found!!! New

Donald Trump is panicking as his $1 trillion scam has been exposed. And now his disgusting regime is threatening criminal penalties against anyone who exposes it, saying that this $1 trillion number was detailed during classified briefings. And therefore, if you talk about it, you're violating the classified designation and you will be criminally prosecuted. Well, We're not scared here at the Midas Touch Network to talk about it. And hat tip to Senator Mark Kelly, who talked about this trillion-dollar scam, but also hat tip to some important economists who are out there calling it out as well. So let's talk about the facts, folks. So the Trump regime has been claiming that it's catastrophic and unlawful war against Iran only cost $25 $25 billion. That's what they said, which by the way, is a lot of damn money, $25 billion. But that's just the cost of some of the missiles, some of the weaponry, some of the costs of, you know, uh, moving the troops into the region. That doesn't actually, uh, factor in the consequential costs that are going to be, uh, imposed as a result of Iran now controlling the Strait of Hormuz, the US security umbrella being utterly destroyed in that region and through the rest of the world and, uh, more.

Let's just go through some of the facts. So as Margaret Brennan wrote about Senator Mark Kelly talking about this, after hearing the Pentagon classified brief on Iran war impact on US weapons stockpiles, Senator Mark Kelly says it is shocking how deep we have gone into the magazines. And he's talking about the tomahawks and the THAAD rounds and some of these other weapons and the Patriot rounds and other interceptor-type rounds, uh, that are used to defend ourselves and our, I guess, former allies abroad. They're done at this point. If we are in any other conflict right now, we really don't have the weapons that we did when this war started. And by the way, there was a $1 trillion military budget for the fiscal year of 2025. So now the Trump regime is demanding a budget of $1.5 trillion. And Senator Kelly said, I was in these classified briefings. And in these briefings, we learned why they want $1.5 trillion now, cuz we've run out of weapons. We've run out of weapons. I'll show you that in a moment. But now Secretary of Defense Thug Pete Hegseth says the following: Captain Mark Kelly strikes again. Now he's blabbing on TV falsely and dumbly about a classified Pentagon briefing he received.

Did he violate his oath again? Department of War legal counsel will review. So they're gonna try to prosecute Senator Kelly. Once again, Ryan Grimm over at DropSite writes, a trillion dollar defense budget and we're almost out of ammo in like 40 days. So the answer is to up it to $1.5 trillion. When you just take a look at Donald Trump's life and you see why he's gone bankrupt over and over again, heck, don't even look at his deep past where he would not too long ago where he's bankrupted this casino and that casino and this business. That business and this company's, uh, gone out of business. We could just talk about the report I did over the weekend on Donald Trump's Trump Media company, which lost in the first quarter close to $406 million and only made $870,000 in revenue in one quarter. That's like his main business at this point, Trump Media. And in my opinion, it is an utter, utter failure. And again, if you just look at the things he's doing, like the reflecting pool, right? So it's— we now learn New York Times did a great report on this. He gave a no-bid contract for around $7 million to his own pool guy to paint the reflecting pool blue instead of actually deal with the underlying issues, which is the leakage and the algae, because DC is a swamp and the summer makes the algae and the swamp-like conditions, which leads to micro cracks, which leads to bigger cracks, which leads to leakage and 19 million gallons that leak from that reflecting pool every year.

Painting it blue doesn't solve the problem. It actually accentuates the problem because now you see the algae more, and with the heat, it's going to result in more of the problem being caused because that blue is going to attract the sun and it's going to create more problems. It's so obvious. When he was doing the casino thing in Atlantic City, It's like, if you take on this much debt and build 3 casinos next to each other, of course they're going to go bankrupt. And there are whistleblowers saying it. And when there were all these whistleblowers, Donald Trump attacked them and sued them and all of that. And in the end, the whistleblowers were right. I got to give a hat tip to my friend Justin Wolfers. And Justin Wolfers did a, a really thorough op-ed, uh, the other day. And here's how he described the real cost of the war in Iran. And he says it will be in the trillions and trillions and trillions. So Pentagon says the Iran war cost $25 billion, but Justin Wolfers in an op-ed with the New York Times says the number is trillions. So the Defense Department's $25 billion price tag, as Dropside explains, for Operation Epic Fury covers only missiles fired, planes flown, and equipment lost, and little else.

Wolffers explains. The fuller accounting, he writes, runs into the hundreds of billions and possibly trillions. Let's just go through it together. Geopolitical risk: Fed economists estimate heightened risk of this scale costs roughly $200 billion and leaves million fewer— millions fewer Americans employed within a year. Interest rates: with rate cuts now off the table, the Fed's likely response could cost another $200 billion in lost economic output. But how about the fact that it also impacts the bond market? This is where it's clearly in the trillions. It impacts the bond market. The 10, 20, 30-year, even the 2-year yields are significantly higher, which means the country has to pay more, uh, on the interest back every single year. Um, and that is in the number in the trillions, the stock market. Wolfers estimates the war has wiped out roughly $3 trillion off S&P 500 valuations. Oil prices could be elevated through 2028. You know, when you looked at the United States markets compared to foreign markets, the US market's not first. It's lagged significantly behind other countries. And even though there was growth in S&P and in other indexes or indices, uh, the US markets that Donald Trump likes to brag about could be significantly higher right now.

If Donald Trump didn't engage not just in the catastrophic war in Iran, but also all of his tariffs against the world. Goldman Sachs projects the US GDP growth will be 0.5 percentage points lower, around $400 billion in lost income over 2 years as a result of the catastrophic war. The administration's 2027 defense budget request is $1.5 trillion, a 40% increase, or roughly $4,000 per American household, $4,000 per American household for Pete Hegseth. In my opinion, just completely misusing it. These people are the height of waste, fraud, and abuse. They talk about golden domes. And if you want to get into what the Senate actually believes about the golden dome in the United States, it's based on a lot of junk science. Given the size and scope of the United States, this golden Western Hemisphere dome, it's just, in my opinion, Donald Trump, like with the casino, let's build 3 casinos and we'll paint it all gold or we'll paint it blue and it'll look beautiful. And everybody, no, you're not actually following the damn science. You're not following the damn facts. Defense spending in addition, $4,000 per American household. Look, if you're in this community, you're paying attention.

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Budget Director Russell Vought was asked by Congress for a war cost figure in April, and he said, I don't even have a ballpark for you. All right. Well, Senator Mark Kelly was on the morning shows. Yesterday, and here's what he told Face the Nation about the $1.5 trillion defense budget request. He says it's outrageous and he's not supporting it. Let's play this clip. But when it comes to making America ready to defend our allies and ourselves, does what you described basically make it impossible for a Democrat like yourself to say no to that request from the White House for $1.5 trillion in defense spending?

Well, first of all, let me, let me just back up a second. Things like this, nothing is inevitable. There are always other options. During the Obama administration, the Iran deal, the JCPOA, kept the enrichment at a lower level. Donald Trump tore that up. That's the reason we're, we're here. But this also was not inevitable. There were other things that we could do. The $1.5 trillion request from this administration It's outrageous. When I got to the Senate 5.5 years ago, the defense budget was just over $700 billion. Now they're asking for twice as much money. It's nearly the amount that the rest of the world pays for its defense. And as I pointed out in that— and I pointed— as I pointed out in that hearing, there's stuff in there like Golden Dome. The physics on that stuff is really, really hard. I'm very confident we're going to spend a lot of money and we're going to get a system that doesn't work. There are other things in there we do not need. I mean, they need to submit a defense budget that makes sense for the moment we're in. Okay.

Sounds like you're saying no on that. And then you had, uh, Mark Kelly talking about what he heard in these briefings about, uh, our missile stockpile, our ammunition being obliterated and how America's not prepared if there's another, and this is one of the reasons that Trump, if there's another, uh, outbreak of hostilities there or a war abroad, right? I mean, this is one of the reasons that Donald Trump wants to be Mr. Keyboard Warrior and say, oh, we're going to obliterate you. We're going to survive into the Stone Age. I mean, go back and look at some of Donald Trump's posts. If you don't make a deal in 48 hours, I'm unleashing hell. You know, all of that stuff that he's posting, but here's the facts. And now the Trump regime wants to prosecute Kelly and who knows, are they going to go after Wolfers? Who else are they going to go after? Here, let's play this clip right here.

Yes, Margaret, we have. We've been tracking it a number of times. We've been briefed by the Pentagon on specific munitions. Actually, it's been pretty detailed on Tomahawks, ATACMS, SM-3s, THAAD rounds, Patriot rounds. So those interceptor rounds to defend ourselves. And the numbers are— I think it's fair to say it's shocking. The, uh, how deep we have gone into these magazines, uh, because this president got our country into this without a strategic goal, without a plan, without a timeline. And because of that, we've expended a lot of munitions, and that means the American people are less safe, whether it's a conflict in the Western Pacific, uh, with China or somewhere else in the world. The munitions are depleted. You may have seen me ask the Secretary of Defense this question about how long it's gonna take to replenish. We're talking about years.

Now, I'll remind you that when— that's Mark Kelly right there. I'll remind you of what the Trump regime was trying to do in advance of this catastrophic war, in advance of the massive deficits that we've now incurred as a— in advance of the massive debt. Remember, it's their gold card scam and what they were saying. And you have to pay attention to when Trump does these two things, when he goes, we're bringing in $18 trillion or $21 trillion abroad, false fraud, Ponzi scheme, lie, scam, you come up with the name, but they're saying that so that we get programmed to think trillions and trillions, trillions. And so all these big numbers, just get all confused and combined and no one knows what's real. Cause you said $21 trillion, $18 trillion, $3 trillion, $5 trillion. No, the reality is actual trillions are being stolen from you. Actual trillions are being stolen from the taxpayers to do all this catastrophic and criminal and war criminal stuff. But what they said, remember the gold cards, Howard Lutnick on this podcast is like, They're like, well, so how much are you, uh, how many of these gold cards are you gonna sell?

Lutnick's like, all right, let me tell you what we're gonna do here. I think we're gonna make $5 trillion. There's like 50,000 eligible people and they all want a gold card, so we're gonna make $5 trillion. And they're saying that because they're stealing trillions from us. Here, play this clip. By the way, yesterday I sold 1,000.

Oh, you did? I got a Polly market I created on how many of you guys are going to sell this year. And how many people do you think there are that could qualify in the world?

There are 37 million people in the world who are capable of buying the card, in case you were wondering.

37 million. That's a lot more than ChatGPT told me.

Who are capable of buying it.

Who are capable of buying it.

Now, I'm not saying they will, but they're capable of buying it.

How many do you think you'll sell?

The president thinks we can sell a million.

So $5 trillion.

Now I'll remind you what Hegseth said when he testified. We need $1.5 trillion and we're going to stop the woke and we're going to stop diversity, man, because diversity ain't a strength. Diversity's our weakness. And that's what everybody says about our military. You're too diverse, man. We need all white guys. We need all out-of-shape white guys. That's what we need. Here, watch what Hagsrud says. Here, play this clip.

I haven't talked about it as much in these hearings because this is a budget hearing about $1.5 trillion that's historic and significant. But underwriting the change that we've seen in our department was a laser focus on getting back to basics. And the key word to that is merit. We had a department that was, that was obsessed with gender. Ideology and race, diversity, equity, and inclusion. In fact, the mantra you would hear dripping from the lips of generals and with a serious look on their face was, our diversity is our strength, which is the single dumbest phrase in military history.

I mean, absolutely, absolutely crazy stuff. There you have it, folks. It's trillions of dollars, this catastrophic war. And it's been exposed from economists like Wolfers, senators like Kelly. And I'm proud to be able to use our platform here at Demitus Touch. Now we're calling this out every damn step of the way. Hit subscribe. You may think you're subscribed, but just, can you double check? Can we get to 7 million subscribers together? Thanks for watching. We appreciate you so much. Thanks for watching. Be sure to add the Midas Touch Podcast on Apple Podcasts, Spotify, or wherever you get your podcasts for new updates every single day.