Transcript of Trump Has Disaster Landing on AF1 as Iran Rejects Talks

Donald Trump is crashing out aboard Air Force One right now as Iran makes it clear that it is not negotiating with him, that any statements from Donald Trump saying there are negotiations or that they're productive are absolutely false. Donald Trump's there on Air Force One saying Iran's begging us for a deal. He's doing the same thing over and over again. This again, as we know that the Houthis in Yemen who are part of Iran's Axis of Resistance has been striking hard these refineries in Saudi Arabia. They knocked out a refinery in Yanbu. They knocked out a refinery in Jazan. They not— they knocked out a refinery in Abqaiq. I mean, they are just hitting these refineries one after the other. We know about all the losses of U.S. equipment in the region, U.S. bases being destroyed, U.S. munitions are depleted. Iran's out there with statements right now. Any blockade by the United States equals escalation. We're never going to open up the Strait of Hormuz unless it's under our control. Iran says, look, we're speaking with Oman right now, not with Trump. We're speaking with Oman about Iran's control over the Strait of Hormuz. So again, anything that Trump says is a lie if he's not saying what we're saying right here.

Also, on the Iranian podcasts, here's what they're saying. Just so you understand and have a perspective of like what they're saying in Iran. $21 billion in US losses in the last 2 weeks of all the bases and equipment. So why did the US back down to Iran again? This is what they're saying in Iran. Many reasons are cited for the US once again pulling back from attacks on Iran, from the rise of US Treasury bond yields above 5% to oil prices surpassing $100 a barrel. And as you see, Trump and his regime manipulate the markets and oil prices today, and you see what they're saying in Iran, I mean, you can judge for yourself right now. So Trump aboard Air Force One, he's like, Iran took a beating over the past 14 days. They've been hit so hard, they begged us and they said very nicely, please stop, please stop. Here's what Trump said here. Play this clip.

Well, Iran took a beating over the last 14 days, and they asked us very nicely, please stop. Let's meet. And that's what we are right now. See what happens. We don't make a deal, we go back to the same thing.

Then Donald Trump is asked if he's frustrated by Pete Hegseth saying that Iran is obliterated when they weren't, and saying that this was going to be easy for the United States to win when the US lost. And Donald Trump's like, no, Hegseth's doing a great job. Look, Iran's destroyed. He said, you look at their coast, they're obliterated, and they're begging us for a meeting. They begged us to meet. Again, everything Trump says is an absolute lie. And it's just so embarrassing for our country that this is the President of the United States behaving like this. Here, play this clip.

On the Iran war, have you been frustrated with Secretary Hegseth because of the advice he gave you early on in the war and how it's turned out?

I think he's done a great job. We've pretty much destroyed their military. They want to meet and we're meeting. We'll see what happens. There's a chance we can make a deal. Without what we did, they wouldn't even be talking to us. Uh, they, requested a meeting through their surrogates and directly. And we're meeting and, you know, good things can happen, I guess. Oil dropped very big today. Stock markets, as of about an hour ago, was like through the roof. But no, they requested a meeting. They would not have requested the meeting if we were doing poorly. The only reason they want to meet is because we've been hitting them very hard.

Yeah.

How much patience do you have left for the bunker? I have plenty of time. Plenty of time.

Then Trump's— he just makes up numbers. He's like, right now Iran's military is 8% of what it was 4 months ago.

8%—

he's making up percentages now. He makes up percentage numbers. And remember, Trump was found civilly liable. He was also separately found criminally liable for, uh, business records. But on the civil front, for just making up numbers, that's what he was found liable for. He would downplay numbers or he would inflate numbers however it benefited him to the tune of like billions and billions of dollars. And he's just doing it now with the United States of America. And it just makes us weaker and more pathetic. And as I talked about earlier, and I did a video on this, it just means that China is now providing the new security umbrella in the Middle East because America is not reliable or predictable. The downfall of America before our eyes here. Play this clip.

And if you look at Iran now, they're, they're 8% of what they were 4 months ago. They're 8% of what they were 4 months ago. So we'll see how this all comes out.

Then Donald Trump's like, and don't worry about any of the damages or the money being spent. Trump's like, we're going to use Iran's money to pay for the damage that they did. You're going to use Iran's money? What are you even talking about? Remember, with the memorandum of understanding when he was like, Iran has agreed to buy our farmers' produce, and they're going to buy corn. And Iran's like, what are you— we're not buying corn. What are you talking about? What a weird lie. And he's doing a version of that right now. Because tens of billions of dollars in our equipment has been destroyed right now. Here, play this clip.

You said that Iranian assets will be used to pay for damages to ships that are hit in the Strait of Hormuz. Would the US pay shipping companies directly?

No, we're going to use Iran's money to pay for the damage they did. In other words, the Iran money that we control will be used to pay for damages. Sound good? Not bad, right?

And then he's asked, are you concerned about the depleted stockpiles of munitions if there's a broader conflict? And what does Trump do? Blames Biden. This is Biden's fault. Biden depleted the stockpiles. Ukraine, Zelensky, Biden. This is what Trump— I mean, what a loser. And here we are, July 27th, 2026. We're getting into 2 years of this disgusting regime. He started this war. Okay, this never-ending war. He depleted the stockpiles and then blames Biden. How utterly pathetic. And here's the thing. The MAGA folks know this too now. Like, he's losing the MAGA base because they're like, dude, what are you talking about? Enough of— even the MAGA people are like this. Here, play this clip. You put out a tweet.

Are you concerned about depleted stockpiles if there is a broadening conflict?

We have money. We have a lot of ammunition, different types. You know, Biden gave a lot to you Ukraine. And so we're building that up, but we have a lot. We have a lot of the mid-level stuff too. I mean, more than we could ever use, no matter what. But we have a lot. I'd like to have more, to be honest. But so much was given to Ukraine by Biden. When I left, the cupboards were full. When I came here with Obama, he didn't buy ammunition. We had very little. And I got it built. Now, as soon as I left, they gave a lot of it to I mean, I mean, numbers that nobody's ever seen before. So we're building it very rapidly. Plants are being built. A lot of equipment is being built. The Patriots in particular are being built. The VAD system is going up. We have a lot. Every one of our contractors is building 4 to 5 plants right now. And we're in very good shape. But for some of the more sophisticated stuff, we'd certainly like to have more. Biden gave a lot of it away.

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And Trump is asked, so, you know, you announced last week that there was a nuclear deal with Saudi Arabia. Then you changed the terms of the nuclear deal with Saudi Arabia and said that they need to become allies with Israel and join the Abraham Accords. By the way, this is me saying this now. Saudi Arabia is never going to join the Abraham Accords unless Palestine is recognized as a state, as a country, and there's a two-state solution and Israel stops the genocide. The Kingdom of Saudi Arabia will be toppled if they did the Abraham Accords. So we know, I mean, and by the way, Trump recycles the same stupid lies over and over and over again, the same schemes and stunts. He recycles it. I mean, do you remember before the memorandum of understanding a month and a half or 2 months ago, Trump said, I'll only enter the MOU if Saudi Arabia and Turkey and some other Arab— and Pakistan, like, join the Abraham Accords. And they're like, no, we're not, we're not doing that. So no. And then Trump entered the MOU and then proceeded to violate the MOU immediately. Anyway, here's Trump saying, we haven't even talked to Saudi Arabia about the Abraham Accords.

What do you mean you haven't talked about it?

That's—

you announced a nuclear deal with Saudi Arabia then said it was contingent on the Abraham Accords, and then you don't talk to them about the Abraham Accords? Does that make sense to anybody? I mean, setting aside your political views, like, does that make sense to you? Okay, play this clip.

Any indications from Saudi Arabia when it comes to the Abraham Accords that they will sign on?

We haven't talked about that.

You put out a tweet.

Sorry.

Then a reporter asked Donald Trump, So where's the $13 billion that we took from Venezuelan oil? Where is that? Because it ain't helping the American people. What, like, physically, where is it? It's not in our Treasury. Do you have it? Is it in a Trump account? Where's— where the hell is the money? And Donald Trump's like, it's actually more than $13 billion. And it's going to the country. It's helping them run the country. Where the hell is the money, Donald? Where the hell is the money, you felon and you sexual predator, you? Here, play this clip.

The United States has taken in $13 billion from Venezuela. Where is that money going?

$13 billion from Venezuela? I think even more than that. No, Venezuela, we paid for that war many times over. And that'll happen with Iran also. We paid for the war many times over.

Where is that money going?

No other president can say that for a long time. Okay. When was the last president that could say that? So we had a cost of Venezuela. We paid for it many, many times over. And now, as you know, we have a very good relationship with Venezuela.

Where is that money going?

What? Running the country?

No, it's the US. The money that the US is taking in. Where is that money going?

Yes. But running the country. It can go to the military. Congress has to approve it. Congress doesn't like approving money for the military. They like giving it to things that shouldn't be done. But we're taking in a lot of money, billions and billions of dollars from Venezuela. That'll happen with Iran too.

Then Donald Trump goes on to attack the reporter and said he got asked a stupid question. Let's play it.

So we'll see how this all comes out.

On the Save Act, why do you want the US Senate to stay in town? Shouldn't they be out across the country? Why? What a stupid question. Should they be out campaigning?

What a stupid question for Jennifer to ask. Such a stupid— she's a smart person. I knew her all the way back in the Iowa days when she said Trump's going to win, and boy, was she right. So listen, why do I want— the Save Act has to be done. They shouldn't leave.

Next, a reporter says, well, Zelensky has told everybody that Russia is providing its satellite imagery and surveillance to Iran, what do you make of it? And then Donald Trump's like, I'll ask Putin about it. I don't think they've been doing that, certainly not at a high level. Let me be very clear. The question has a false premise, though, in one sense. Is Russia providing Iran with surveillance?

Yeah.

But we can see the surveillance. Yeah, we can— we, you, me, we can look at the Chinese surveillance, which we do here on the Midas Touch Network. We can look at the Sentinel-2 surveillance, we can. So no, what, what Russia is doing and what China is actually doing beyond the surveillance itself is they're providing a lot of the logistics. I mean, they're allied there and they're public about it too. Uh, and the one of the main reasons why Trump hasn't done the massive escalation, as I told you earlier, is that Xi Jinping said there would be World War III, that China would get fully involved on the side of Iran if Trump started bombing Iranian power plants and bridges. Here, play this clip.

Zelensky, President Zelensky says, Zelensky says that Russia is giving Iran satellite imagery of US bases in the Gulf to help them target. What can you do about that?

Well, we'll find out about that soon. I'll ask Putin about it. We'll find out. Hasn't had much impact because we've knocked the hell out of it. Would you think if that's the case? Look, you know, they gave Venezuela a lot of equipment. Venezuela had all Russian equipment. How did that work out? Not too good. So they may be giving, but if they are, it hasn't worked out because they have no army, they have no Air Force, they have no Navy, they have no nothing. So it hasn't worked out well. I don't think, I don't think they've been doing it, certainly not at a high level. And if they have, it has been very unimpactful.

Next, Donald Trump is asked, hey, so Treasury Secretary Bessant said that they're looking China distilling US AI to make Chinese AI models, taking American IP and distilling it for their AI models. What do you think about that? Because Bessen says that this is a big issue, that China is basically ripping off or stealing the US semiconductor industry and the AI models. And then Trump's like, I don't care if they really do that. I mean, we do that to them.

Them.

They should do that too. We all understand we're all doing this to each other. The thing is, like, Trump is giving the Blackwell semiconductor chip and our classified information to the UAE and to China also. I mean, that's what— when Trump met with Xi Jinping, he was giving them our classified semiconductor technology. And then they're like, oh, well, it's not the most powerful one. It's the second most powerful one. Well, there's a reason why it was classified before and they were not allowed to have it. And there were export controls and licensing procedures. And now you're giving the Blackwell— you're giving the main one, the most highly classified, to the UAE, who's going to give it to China. Like, there's— not only is there no strategic thinking, it's just this guy's an idiot, and he's a psycho, and he loves Xi Jinping, and he loves Putin, and he loves— and he hates America. I mean, he hates our troops. He hates our country. He does. I mean, everything he does every day is to harm our country.

Let's play it.

Any other questions?

On China, Treasury Secretary Scott Bessette said last week the administration is going to look into whether Chinese AI models are distilling from US models. Do you think China's stealing American IP?

Well, you know, they're looking at us and we're looking at them, but we're leading now China substantially in AI, and we're going to keep it that way. We're leading everybody and everything. We have a country that's doing well. Thank you very much, everybody. See you in Michigan.

Thanks, Mr. President.

Then Donald Trump says, but look, costs are going down rapidly and things are fantastic. Things have never been better. And then And he's asked, well, what about Kevin Warsh, the chairman of the Federal Reserve right now, talking about how they may need to raise interest rates? Ah, it's political. That's just political people. Let's play this clip.

They might—

costs are going down rapidly. Don't forget, I inherited these. I haven't been here very long. I inherited the worst inflation in history from Biden, but costs are going down rapidly. And as soon as the war is over, you're gonna have—

you're gonna see a big drop.

Are you worried that the Fed's gonna hike rates to counter inflation? And Kevin's fantastic, but he's got a board and the board members are very political, I would say. So, you know, we fight our way through the rates because we're doing so well. But no, he's got a board. He wants to do the right thing. I know what he wants to do. But you need the consent of some people that have perhaps bad intentions. Rates should be lowered. This country could be at 8%, 9%, 10%, 12%.

Oh, and I should mention As Donald Trump is aboard Air Force One, the latest New York Times investigation found that Trump spent more than the $400 million of taxpayer money, as Amy Siskind said, that the regime publicly disclosed on retrofitting his new Air Force One, which ultimately was not safe enough to fly in recent weeks. It's probably closer to a billion dollars in taxpayer money as he loots our country. There you have it, everybody. Let me know what you think. Hit subscribe. Let's get to 7 million subscribers. Thanks everybody for watching. Again, let's get to 7 million. Thanks, y'all. Want to stay plugged in? Become a subscriber to our Substack at MidasPlus.com. You'll get daily recaps from Ron Philipkowski, ad-free episodes of our podcast, and more exclusive content only available at MidasPlus.com.