WTF. Donald Trump began this morning by posting horrific videos mocking transgender people. He's called Dr. Annie Andrews, the Democratic candidate running for South Carolina's Senate seat, Tranny Annie, using a slur for transgender people. And now he's posting a video that purports to reflect a transgender person stalking little children in a grocery store. As the Trump regime has destroyed the United States economy, engaged in endless wars abroad. This is the type of fearmongering they are engaged in and the hateful behavior they are engaged in. And this is Dr. Annie Andrews right here with her 3 young children. She is a pediatrician. And imagine having to explain to your children that the president of the United States is using hateful slurs in order to attack a marginalized community and attack you because the president has destroyed the economy, He slaughtered children in Manob and Lemaire and behaves like an utter lunatic every day. Also, Donald Trump posted this on his social media this morning. This is what he said about his 2 political consultants who were caught consulting for a pro-Russian government in the area of Sberska. He said, Chris Lasavita and James Blair are outside consultants.
They do not work for me. other than as outside consultants. So they work for you. He goes on to say, they most likely have numerous clients, but for that, you would have to ask them. They are allowed to do work for others, just like all consultants in Washington, D.C. It's just what we do here at Club Mar-a-Lago! It's just what we do in the Golden Ballroom, Executive Branch Club crew! This is what we learned about LaCivita and Blair yesterday. They traveled to Bosnia's Republika Srpska to provide election advice to its Russia-aligned government while simultaneously leading the Republican efforts during the midterms. To which a lot of MAGA Republican consultants have been saying, WTF are they doing? Is this how unserious Donald Trump and they view these midterms? because for them it's all about the grift when it comes to MAGA. The latest ABC News analysis this morning found defense companies backed by Donald Trump's sons have now raked in more than $6 billion in active or promised government contracts since those investments were made. And one of the bigger investments, the latest, is Anduril, in which Don Jr.'s 1789 Capital holds a major stake. The Trump administration announced a $2.9 billion in Navy support for the new Anduril submarine manufacturing facility in Maryland.
Remember Donald Trump and Hegseth's deranged speech at that Navy shipyard in Baltimore? That was part of the Anduril shipyard that Don Jr. invested in and that Don Jr. has an interest in, or his company has an interest in. And they received massive government funds and massive government— while everybody's suffering, a massive influx of government money. This, while the U.S. trade deficit widened to its largest level in more than a year. U.S. imports were higher than exports by about $106 billion, as our editor-in-chief Ron Filipkowski writes. I thought Trump's tariffs were specifically designed to dramatically reduce this number to zero, Steve Rattner writes. Real wage growth was negative for the 5th month in a row in August. Take a look at this chart right here. New from the New York Federal Reserve branch this morning. By February 2026, tariffs had contributed 2.9%age points to goods price inflation, and without them, goods prices would have fallen slightly. If Trump did nothing and never did his tariffs against the world, prices would've actually dropped. What former President Biden had done was actually put the economy on a trajectory where you would've had multiple interest rate cuts decreasing inflation.
But then Donald Trump put his tariffs against the world and that rose inflation by significant amounts. Also, take a look at this data right here coming out. The top 1% of Americans now hold more than 6 times more wealth than the bottom half. And look, while the American people are suffering, the latest this morning, Donald Trump announcing that he wants to turn part of his West Palm Beach golf club into an official presidential retreat modeled on Camp David. The proposal would give part of the county-owned property to the federal government, with Trump funding construction. Yeah, right. Trump's going to fund it. Of presidential facilities. for future presidents and foreign leaders. His private golf club would continue operating alongside the new Camp David. Palm Beach County is considering the plan, which Trump's representatives say would not be completed until after he leaves office. What the hell is going on? And then we learned that the Federal Reserve Bank of New York, you know, the same New York Fed that said Donald Trump's inflation Um, has been caused by his tariffs against the world. And of course, it's been caused by the catastrophic war in Iran. The Federal Reserve Bank of New York has been visiting big banks to review their loans to private credit firms, with Fed officials going into JPMorgan, Wells Fargo, Barclays, and Morgan Stanley with questions about exposure, risk management, and collateral quality.
They may have detected a contagion, a contagion that could cause economic catastrophe if some of these risky loans are being defaulted on as a result of Trump's Ponzi scheme economy. Not to be confused with the contagion that is this plague that apparently is existing in a bio lab from Russia in Siberia, where a second person died there. Not to mention, as we've been reporting on the Midas Touch Network, despite Donald Trump promising that in 24 hours he would end the war in Ukraine, we now saw massive escalation in the war. Every day the war in Ukraine gets, um, more horrific, and Ukraine striking deep in Russia, Russia striking deep in Ukraine. I did another video on it this morning. I mean, Kyiv was hit hard by ballistic missile after ballistic missile, cruise missile after cruise missile, drone after drone. It is getting ugly over there, and we are going to continue to cover it. This as Donald Trump refused to provide Zelensky with the needed weapons in order to protect Ukraine from this autumn and winter offensive by Putin. Zelensky does not have the Patriot interceptors or the interceptor licenses that he needed, and Russia has upgraded its Shahed drones to the Geran-4 and the Geran-5 drones, which are much harder to intercept.
Zelensky went from a 90% interception rate down to about a 50%, and I think even less when it comes to the drones. He can't intercept the ballistics at all without Patriots or THAADs, and he doesn't have any of them. So Russia's just bombarding Kyiv with ballistic missile after ballistic missile. Now, I've been showing you, I mean, Zelensky's been striking back hard as well, but things are escalating More out of control. With all of that happening, Doug Burgum, Donald Trump's Interior Secretary, was on CNBC to try to manipulate the market this morning. And he said, thanks to Donald Trump, we stopped World War III. We all owe Donald Trump our lives, he said, because Trump stopped World War III. Are these people the most pathetic lunatics ever? I mean, these are the biggest sociopathic psychotic human beings. You want us to thank you for stopping World War III when the world is on fire? They just want to take credit for things that hypothetically we stopped. You didn't stop anything. You engaged in a catastrophic war in Iran. You slaughtered little children. You lit the entire world on fire with more wars. The American people are suffering.
Shut the fuck up. Here, play this clip.
So, so the economy, the underlying fundamentals are so strong. And President Trump, of course, you know, stopping World War III by, you know, here we are in the 3rd anniversary of October 7th. You know, 3 years ago under Biden, we had, you know, 24 terror groups being funded by Iran. Iran can't even pay their own army right now. I mean—
More from Doug Burgum over here. He says, look, the reason the Americans are paying so much more money on diesel and gas right now, it's because Ukraine keeps striking in Russia. That's what's going on here. Play this clip.
But of course, there's a couple of factors. One is With the Ukraine-Russian war, Ukraine now being able to reach deeper into Russia with effective targeting, they've taken about 2 million barrels a day of diesel production off the market in Russia. That's one of the things that's putting pressure on the market. And we've got to get—
Now, Donald Trump is set to speak this evening in Texas. He'll be in San Antonio. The MAGA Republican Governor Greg Abbott will not be on stage with Donald Trump this evening. He does not want to be seen with Donald Trump. You have Mike Johnson and Scott Pressler. This is MAGA's secret weapon, folks. Scott Pressler, they call him the MAGA Prince. They bring him out, he's their closer. MAGA Mike and the MAGA Prince, they're there, they're ready to go for Donald Trump tonight. Let me show you what they're doing. Let's play this clip. We're going to win these seats.
We're going to make the Democrats' heads spin, and we're going to keep and grow the House majority.
So we can keep passing common sense legislation. Thanks for all you're doing, my friend. Thank you. And we're gonna get that gavel back into your hands. Everybody vote on Tuesday, November 3rd, and thank Speaker Mike Johnson for returning to the Commonwealth of Pennsylvania.
Thank you, sir. God bless you.
Thank you.
Now, this MAGA Republican Congress member from Texas was asked, why does Donald Trump, or rather, why is Greg Abbott not wanna be there tonight with Donald Trump? Aren't— don't they get along well? Watch what went down over here. Play this clip.
So Governor Greg Abbott, he's blaming a scheduling conflict and says he's not gonna be attending the rally in San Antonio today where the president's gonna be. He's not making time for the president. Are you surprised? Should he be there?
Well, I don't know his schedule. I mean, scheduling can get messed up, but it is the president. So I don't know the reason. I mean, the governor of Texas is a big deal. He's got a lot of ground to cover. So Uh, well, I, I don't know the reason, but I don't read anything into it either because—
Then you had Secretary of State Marco Rubio in Greece to deliver the message. He was at the Acropolis where he's, you know, clearly, uh, doing the soft launch of his run in 2028. This war criminal, he should be tried in The Hague, frankly, in my opinion, not run in 2028. I mean, he's got blood on his hands everywhere from the strikes off the coast of Venezuela, killing the fishermen, to all of the coups he's launched in South America, to all of the foreign policy that's resulted in the death of little children across the world. But Marco Rubio says, folks, the Strait of Hormuz is open and things are great. More oil's getting out now than before the war. Iran's completely lost control of the Strait of Hormuz. Play this clip.
Complete free fall. I'm happy that for the first time Even the media in the US is beginning to cover what a bad situation Iran faces. The Straits of Hormuz are open. There's almost as much oil flowing out now as there was before this conflict began. So they've lost complete control of the straits.
Really, Marco Rubio? Because 14 tankers have been struck in the past few days. 14 tankers. And as we've been reporting, the cost that tankers are charging in order to carry oil is about $1.5 million a day, $1.33 to $1.5 million a day. You know, before the war, what it was, Marco Rubio? It was $33,000 a day. So the risk premium because Iran is striking tankers is so high right now because Iran controls the Strait of Hormuz. Also, I've been citing the data from Aramco's CEO. That's Saudi Arabia's top Um, oil companies, their state oil company, um, talking about how the world has lost 3 billion barrels of oil as a result of this catastrophic war. 3 billion barrels. And then I cited the data from the CEO of Vitol, the world's largest independent energy trading company, which says we could hit $200 a barrel of oil soon because these ship-to-ship transfers in order to take this southern route by the Oman route in the Strait of Hormuz. It's so difficult to do, and you have to rely on so many ships. It's an unsustainable model in order to try to evade the IRGC while they keep striking tankers.
So there's an issue of just running out of the kind of tanker capacity to even hold the barrels of oil and then travel. And it takes a lot longer to get to the refineries. But you know, those are just little details there, Marco. Little Marco, those are just a little bit of details over there. Marco Rubio's like, and the problem with Iran is that every dollar, every penny the regime gets, they use on their military. Here, play this clip.
Because every dollar and every penny that that regime gets, they don't spend it on roads or bridges or helping improve the lives of the Iranian people. They spend that money on Hezbollah and Hamas and militias that fire rockets out of Iraq. And the Houthis. That's who they spend their money on. They should have spent their money on their people, and instead they spend their money on terrorism and on weapons.
Really? Because the United States military budget, $1.5 trillion. Donald Trump was at a Navy shipyard where they were gonna talk about building massive Trump battleships, massive nuclear submarines, despite the fact that modern warfare is more about drones, unmanned submersibles, FPVs, the type of drones Ukraine has, FP-1s, FP-2s, the type of drones. Russia has Geran-4s and Geran-5s. But the United States is spending money we could be spending on healthcare, on housing, on education, on helping people live better lives here. We're spending our money on a military-industrial complex where the Trump regime has run out of weapons. The United States is out of weapons as a result of this catastrophic war in Iran. But go ahead, Rubio, tell us that we're winning. This is what Rubio said.
Now, economy— and it's not only in freefall now, the Iranian economy is about to reach a place that few countries in the world have been in terms of how bad it's going to get. And it's all the fault, all the fault of the radical Shia clerics that make the decisions in that country. They are the ones that have put the poor people of Iran in the situation that they're in, because every dollar and every penny that that regime gets, they don't spend it on roads or bridges or helping improve improve the lives of the Iranian people. They spend that money on Hezbollah and Hamas and militias that fire rockets out of Iraq and the Houthis. That's who they spend their money on. They should have spent their money on their people, and instead they spend their money on terrorism and on weapons. So—
Rubio also said amid— this is a question to Rubio. What's going on with Kimberly Guilfoyle? You're in Greece. This is where Rubio is, in Greece. Tell us about Kimberly Guilfoyle. Did it— she was on tape, or she's been alleged to be bragging about, uh, over— helping to— the U.S. government overthrew the Romanian government and helped install political parties that were more pro-Putin. You want to address that? You're in Greece, after all. Watch what Rubio says over here.
Um, if I may, amid increasing congressional scrutiny of Ambassador Guilfoyle's tenure here, I'm wondering, Mr. Secretary, if you you've personally reviewed some of those allegations and are confident that all is in compliance with State Department ethics. If you'd like to answer, then I can pose the question to the minister.
Pose what question to the minister?
I'll just do the third question to the minister. That is to say, the only question to the minister.
Well, I'm—
the second one.
Yeah, look, on the second question, this is not the forum where we're going to address that. Simple as that. Suffice it to say, our embassy here is doing a great job. Our ambassador has been a strong ambassador here. The questions you're asking me, we're not addressing those at press conferences in Greece with the foreign minister and in another country.
Meanwhile, you have Iran's President Pashinyan saying, we will undoubtedly resist and we will disappoint and frustrate the enemy. We are negotiating with neighboring countries to meet our current needs, but the main issue is relying on domestic capability, solidarity, and cooperation with one another. Iran's General Mohammad Reza Naqdi says the Strait of Hormuz is closed and the armed forces have full control over it. The volume of smuggled oil is very small, and it cannot be said that the Strait of Hormuz is open for such activities. However, some people are using small vessels to smuggle oil to transfer it to tankers. These are the so-called ship-to-ship transfers that Vitol, the main energy trading company, or the main independent energy trading company, or the biggest, is saying is becoming unsustainable to keep that up. Soon, a small number of routes created by violators through blasting and destroying parts of the rocky areas in the Strait of Hormuz will be blocked. In other words, perhaps blocking the kind of archipelago area where the southern route is being used. The IRGC has said the southerly maritime routes through the Strait of Hormuz will be blocked by the IRGC soon. The statement was made through Iran's state-backed news agency Fars today.
And this, as we see the price of crude and diesel continue to surge. And so as the Trump regime says, you know, and all of these people are like, well, last month we brought out more oil than ever before. Okay. BS. If we did, then why was it that the price of diesel and gas continued to surge? Why is it that you did these huge drawdowns of these strategic petroleum reserves? The American people know what's going on. We know the fraud that's taking place. And the Trump regime is more focused on, I don't know, building out facilities at Donald Trump's West Palm Beach golf club than focusing on the American people's pain and suffering. That's what we got for you this morning. Hit subscribe. Let's get to 7 million subscribers. Thanks for watching, everybody. We appreciate— oh, WTF America: The Way Out of This Hell and Back to Democracy. There's the audiobook, there's the ebook, and then there's the hardcover. A lot of momentum now around the audiobook and the hardcover as well. Get the audiobook or get the hardcover. It comes out October 20th, but preorder today. Thanks, everybody. Hey, before you go, our book WTF America is available for preorder now.
It's the story of how we got here and how we fight our way back. To preorder, scan the QR code or click the link in the description.
Let's do this.
MeidasTouch host Ben Meiselas reports on Donald Trump’s increasingly desperate Wednesday morning as he lashes out with vicious attack ads while bad news mounts. Meiselas breaks down Trump’s latest outbursts and the major developments unfolding this morning.
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