Trump has CATASTROPHIC FRIDAY after DISASTER REPORTS
Donald Trump is having a catastrophic. Friday. We just got one of the worst. jobs reports in recent history. Although. all of the jobs reports under the Trump. regime have been pretty bad. So Donald. Trump right now is doing social media. post after social media post saying I. won the war, a must read, I'm the. winner, Iran lost. I'll get to that in a. moment, but let's look at this horrible. jobs report. The US economy lost 23,000.
jobs in July. Way below the expectations. of around 80,000 to 90,000 jobs were. expected to be gained in the month of. July. Also major revisions in May and. June. May and June reports were revised. down by a combined 103,000. jobs. So 103,000 less than what was. previously reported. The unemployment. rate right now is 4.1%.
Wage growth right now is 3.2%. with annualized inflation 3.5%. year-over-year. And the only reason why. it's 3.5%. is because the memorandum of. understanding temporarily brought it. down from the fours. But I think that's. going to go back up very soon as well to. around 4%, 4.1%. year-over-year inflation. Which means. that the wage growth is not growth at.
all. It's being absolutely crushed by. inflation. So people don't have any. money to spend. It's why they're tapping. into their savings and why you also see. so many people on the brink of. bankruptcy here in the United States. We. have the lowest labor force. participation rate since February 2021. And if you just look at the grim picture. over the past 3 months, 6 months, 12. months, and the average job gains.
overall since Trump took office. I mean, we are at basically no job gains at all. Or, you know, in many cases and in many. sectors, we're in job recession. territory. I mean, you can just see all. of the negative printouts right here. All the, you know, red. You don't want. to be below that horizontal line right. there when it comes to job creation. So, with this horrible jobs, I mean, horrible jobs report, what are they.
saying on state regime media? How is Fox. trying to spin this? It's ridiculous. Fox is saying this is great. This means. that corporations will be able to make. more money because they're getting rid. of their shedding jobs. It helps their. bottom line, and it may, at least. temporarily, stop the Federal Reserve. from raising interest rates because you. may need to lower interest rates or keep. interest rates the same in order to try.
to spur job creation, although companies. are not using the better lending ability. to actually bring on more jobs. They're. actually using it to build out data. centers and to build out. tech that replaces workers like AI. But, here's what they're saying on Maria. Bartiromo show this morning. It's really. offensive and disgusting, and this is. what people just completely hate about. this Trump regime and these oligarch. domination of the United States. Let's.
play this clip. >> Again, a disappointing jobs report. Dow. futures way up, doubling where they were. before. I'm going to continue to dig. through to tell you where the jobs are. and are not, Maria. >> All right, thank you, Lauren. 23,000. jobs lost in the month of July. Louie, you wanted a weak report, you got it. Was this too weak? >> No, not at all. You know, when Palantir announced their earnings, they. basically had record earnings by. decreasing their sales force. So,
there's this AI productivity boom. underway and. it's obvious what's happening. But no, this is great news. That's why the. market's up and. the Fed has an unemployment mandate and. this is great news. And. obviously a lot of people disappeared. from the workforce if the unemployment. rate. >> More from state regime media here as. these numbers were being revealed. Maria Bartiromo and her co-host on this. show refer to what's taking place as the.
Goldilocks story. So, with this horrible. jobs report, right? They're calling it. Goldilocks, meaning just right. It's. perfect. This is exactly what we wanted. Folks, these people are really sickos. They're really vile. They're really. evil. Like I'm not trying This isn't. like a debate. No, these are evil humans who hate us and. they hate you. Here, watch this for. Watch this for yourself. It's crazy.
Here, play this clip. >> Mhm. Yep, and we also have revisions. actually for June and other revisions. Lauren, do you have those numbers? >> for June, Maria, down by 37,000. May. down by 66, combined 103,000. fewer jobs created in the months of May. and June, Maria. >> Yeah. And and that is all about the. market reaction. Today is all about what. this means for the Federal Reserve. Louis Navellier, how do you want to. allocate capital in this environment. where once again we're talking about.
Goldilocks, a Goldilocks macro story. >> Yeah, you know, the last I looked. FactSet was forecasting. 47.4%. annual earnings growth for the S&P this. year, but that was before Palantir's. blowout results. So, we might might hit 50% earnings. growth on the S&P right now. That's. unbelievable. And you just can't ignore. all these good earnings. >> In contrast, look at what's going on in. Canada. Canada added 75,000.
new jobs in July, and its unemployment. rate is the lowest in 2 years. And the. Canadian stock market is doing good, too. You could do both at the same time, growing at a significantly higher. percentage than here in the United. States. As Donald Trump says, "Oh, the. Canadians are nasty. They're nasty. 51st. state." Canada is being led by someone. who's a former central banker, lead central banker in Canada and in.
England, and he is running the country. efficiently. And that's not to say there aren't. issues. That's not to say it isn't hard. That's not to say the tariffs don't hurt. everybody, including Canada. But he's. doing his best, and he's being. transparent with the people, and he's. behaving like a grown-up. How about. that? Here you have Kevin Hassett not behaving. like a a like a grown-up. He's Trump's. national economic advisor, and he This. guy's like the biggest liar. You've seen. this scumbag before. I show you, you.
know, a lot of videos with him. So, he. comes out after all these horrible. reports, and he just tries to act like, "Well, actually, we had 100,000 jobs we. gained. The only reasons you see these. loss," he says, "is government jobs were. lost, illegal immigrants, we we cut down. on illegal immigrants," he said, "and. we've lost hospitality jobs because the. World Cup is over now.". Really? That's you that you you expect. us to believe this crap? Here, play this. clip. >> Jobs number is out for July. Employers.
are cutting 23,000. jobs last night. That's well below the. number we were expecting to add about. 80,000. Unemployment rate did drop. lower, 4.1%. Let's get a take on that. now from the White House. Kevin Hassett, National Economic Council Director, sir, good day to you and thank you for coming. back here. Uh, just give me a. How do you read it? Um, strength, weakness, go. >> Yeah, uh, so the strength is what we've. seen before, construction workers, uh,
manufacturing workers, and so on. Uh, the weakness in this number were really. just two things, government workers and, uh, a sort of rebound from all the. employment we got from the World Cup, cuz the World Cup was ending. As if you, uh, throw out the World Cup and the. government workers, we actually had a. number that was about plus 100,000, which is about what we. >> As I noted at the outset, more posts. from Donald Trump. 12 hours ago, 2 hours. ago, he's posting this repeatedly. A. must read. Donald Trump won the war in. Iran, so that's where we're at. Do you.
realize how embarrassing this is for our. country? I mean, think about what Iran. thinks when they see Donald Trump post. things like that. Trump won the Iran. war. What do you think China thinks? What do you think Putin thinks? What do. you think Kim Jong-un thinks? What do. you think Xi Jinping of China thinks? I'll tell you what MBS in Saudi Arabia. thinks. Saudi Arabia just entered into a. military, uh, alliance with Turkey. They. already had one with Pakistan, and they.
announced any strike on Saudi Arabia is. a strike on Turkey and Pakistan in order. to try to deter the Houthis because the. Saudis believe they were protected by. the US security umbrella, which doesn't. exist anymore. So, now they need. Turkey's help and Pakistan's help in. order to try to stave off a Houthi. attack within Saudi Arabia. People view. the US as so utterly weak and. unreliable. I mean, what do you even think the. European Central Bank thinks when.
Treasury Secretary Besson unloaded all. of these euros in order to uh, prop up. the Japanese yen without even telling. the European Central Bank. You just. think the US screwed over the European. Central Bank, sold all of these euros to. fund billions of dollars to prop up the. Japanese yen to prevent the Japanese. from selling American Treasuries. Um, so that the yen doesn't fully.
collapse. It's like the craziest Ponzi. scheme and everybody sees it and our. corporate news is like, oh, oh, it's. Goldilocks. It's just right. It's. Goldilocks. Pete Hegseth, the Secretary. of Defense who couldn't even run a small. veterans nonprofit group without. mismanaging it and now he's in charge of. the defense department and he's calls it. the Department of War. He posts, Trump. won the Iran war. It's so damn pathetic. It's so damn pathetic. Trump gave an.
interview with Punchbowl. Uh, that's a a. news entity that covers Capitol Hill and. Donald Trump's main point on this. Punchbowl interview data centers in. everybody's backyard. That we need to put a data center right. in your backyard, right in your. community. It's liquid gold. If you want. to be rich, Trump says listen to him, you better have a data center. It means. lower taxes for you. It means better. quality of life. You need a data center. in your backyard as Donald Trump is.
invested in all of these data center and. data center adjacent companies. He's. such a sick vile piece of, you know what. I'm going to say, trash. Play this clip. >> Data centers going so. if I were a governor, I would want data. centers so badly, I'll cut taxes. I. mean, taxes are going to go way down. because this is a tremendous source of. income. >> Two more quick questions. >> And we can't let China beat us at this. You know, a lot of people think that the. the campaign that's being put on is.
being paid for by China. >> A lot of people don't not know that. >> we have President Xi coming here in a. couple of weeks and we're going to have. a great time, but I'm going to start. something better. But I don't blame him. You know, we do things and they do. things. But a lot of people think that. because they are losing to us in AI. >> More on Donald Trump saying data centers. need to be put everywhere. Let's play. this clip. >> I saw Texas the other day sort of is. against data centers. They get some. mistake. Uh. and I'm not taking positions or I'm just.
think it's a mistake cuz there are other. communities that want it. When a. community wants it, it means a lot of. money's going to come into that. community. >> Unsightly, potentially. >> Well, I don't think they're unsightly. I. mean, I'm looking at some of these data. centers, the most incredible buildings. I've ever seen. They go for 2 and 1/2, 3. miles. They're 3 miles by 3 miles. >> They're necessary for the technology. >> I believe they are tremendously. important for the economics. I mean, it's. And this is for Texas to say no to data. centers is a mistake in the sense that.
it could be bigger than oil. I mean, data centers could be bigger than oil. You have the Texas oil. And. there are a lot of communities that want. to put. >> And then Trump was asked a question. about all of his stock trades, enriching. himself to billions of dollars, giving. himself tax immunity. And Trump's like, "I don't know any of that. My My little. My little boys handle that. My little. kids." Now, how he treats Eric and Don. Jr. like they're some like little. children running around. These are grown. adults who are clearly involved in, in.
my opinion, in these various. machinations and schemes with Donald. Trump. "They're good kids. They're good. kids." If Donald Trump says they're good. kids, we know that these are the worst, most vile, sick things. And they carried the sickest, most. disgusting last name imaginable. That. will go down in history. to be the most despicable, stained word. imaginable, Trump. Here, play this clip. >> But they want to do a bill. and in the. bill, they want me to be different than. everybody else in the.
>> So, you're against that always, I'm like. >> Well, I don't mind putting it in a blind. trust. I don't run my stuff anyway. I. let my kids run it. But and I never even. talked I never talked to them about. things. If they want to go into it, you. know, they're not involved in. government. I don't talk to them about. government. I don't talk to them about. much other than to say, I love you, kids. You know, they're good kids. But uh. we don't want to see China take over. crypto. I don't want to see China win. with AI. >> Now, I found this notable as well. This. didn't get a lot of attention. That.
Trump will be hosting mining CEOs as the. regime seeks minerals for defense supply. chains. They're doing a mining CEO. meeting right now. That's what they're. doing. Mining CEOs. While the American. people are in a jobs recession, the. mining CEOs are coming to town, and the. regime media says that we're in a. Goldilocks economy, and things could not. be any better right now. Let me show you this clip of Trump. before I get into this article where he.
says the economy he should get a 150%. mark that that the economy is not just. 100% it's 150% good. Here, let me just. play this, and then I'll go into the. mining CEOs. Here, play this clip. >> And this is because of me. Uh Biden was against all this. I don't. think Biden had any idea what what it. was. what it was. But our country right now. is doing better than it's ever done. You. know, when I see polls on the economy, I. should have I should have 150% not 100%.
because we have. the greatest This is the golden age of. America. What's being built now in this. country has never ever been built. And. we're really we are literally in the. golden age of America. And. >> You know what's notable though, when I. looked at this mining CEO article in. Ground News. and it's being mostly covered on the. right. And by the way, this is one of. the reasons that I use Ground News. And. it's a research tool that I use every. morning when I prepare these videos. And they're probably the best tool I use.
to help me stay objective in my. reporting. You see, Ground News is an. app and a website that pulls in. thousands of articles from around the. world. It organizes them by story to. show you how the left, center, and right. are framing the story differently. It. shows you if corporate conglomerates are. behind the story, if independent media. is behind the story. It lets you compare. reporting on the same issue in one place. from different sources, so you can draw. your own conclusions. Like in the. article I just shared with you, I was.
surprised there's no one on the left. covering that these mining CEOs are. heading to the White House at the same. time. Trump has just. made our economy. as like horrible as it's been with this. horrific jobs recession taking place. I. think that deserve I think that contrast. deserves the right amount of attention. Ground News has this dedicated blind. spot feed. It's a personal favorite of. mine, which highlights stories being. disproportionately covered on either.
side of the political aisle. Look, I. believe in Ground News so much and I I. use it so much, we're going to offer you. 40% off the same Vantage plan that I use. for my research. So, just go click the. link in the description or go to. ground.news/mtn. or scan the QR code up here. It's one of. the biggest discounts they've ever. offered. If you want to support this. channel and get a clearer understanding. of the world, try out Ground News. Go to. ground.news/mtn. or you can hit that QR code. Now, in.
that same interview with Punchbowl, Donald Trump said, "Iran is begging to. make a deal. They're begging to make. it." But I thought you won, Donald. Haven't you been posting that you won? Here's a play this clip. >> Guys like that get in, they'll destroy. this country. >> You said yesterday you spoke of you just. talked about Nevada. You said yesterday. gas prices of correct me if I'm wrong, they might go up again a little bit. You. said. >> No, no, that's only if I have to do. another hit. >> Okay, so I mean. >> They'll only go down or if we make a. good deal, they want to make a deal. They want to make a deal. Look,
it's obvious. They don't want to be hit. Okay? They want to make a deal. So, we'll see. >> Cuz you're see And now Treasury. Secretary Bessent is out there saying, "You know what? We don't even need the Strait of Hormuz. anymore." He says, "In just a few years, the Strait of Hormuz will just be. another body of water." And I would say. that more than 50 or 70% of the energy. is now going through underground. pipelines. So, this is. again, this is how they surrender. This.
is how they change the goal posts, right? So, now the Strait of Hormuz. doesn't even matter, right? Because Iran. and Oman are about to make a deal where. Iran controls the Strait. Now, it's just. another waterway. We don't even need it. It's irrelevant. It's irrelevant. Do you. see how these con artists, these Bernie. Madoff, these scammers act? Now, we. don't even need the Strait of Hormuz. It's just the it's just a body of water. We don't even need the Red Sea. It's. just a body of water. We don't need any. straits. Strait of Gibraltar. We don't. need any straits, okay? We may have. needed straits in the prior.
administrate, but now we're beyond. straits because we figured we all have a. plan and and don't actually look at the. data which shows that jobs are being. lost. Let's just say we're in a. Goldilocks economy and things are just. right. Watch what this vile thing says. here. Play this clip. >> There's some who've speculated the. Strait will never go back to being the. way it was before. What would you say? >> I I would say I would take I think. they're saying that in a a doomsday sort. of way. I I would say it in another way.
The Strait is. uh never going back to the way it was. because the Iranians have used. or tried to use it as a choke point. What it we are going to see over the. next 2 years, the strait's going to. become irrelevant. It is going to become. just another body of water and I would. say that more than 50 or 70%. of the energy that moves through the. strait now is going to go through. underground pipelines. >> And then Besant says his.
foot is on the throat of the people in. Iran and they're really struggling right. now and everybody's scared of us. Play. this clip. >> We're we're never going to let them have. a nuclear weapon. They. We had Epic Fury which was the kinetic. portion. At Treasury we did Economic. Fury. What goes little publicized is. on the kinetic side. Air Force is wiped out, Navy is wiped. out. A big portion of their missiles, more.
importantly their missile production. On the economic side, we we have them by the throat. And. they've they've got 150, 180% food. inflation, not able to pay the troops. So I think shortly, maybe even today, tomorrow we are going to see see an. agreement. 30-60 day ceasefire and. strait will be open, energy prices. should come down. >> There's They're really scared of us.
No wonder Saudi Arabia needs to make a. deal with Turkey right now. They're. really scared of us. No wonder the Wall. Street Journal just reported that US. intel finds that Putin could test NATO's. resolve with a limited incursion and now. it's believed that Putin is not afraid. to strike NATO as he sees utter weakness. in the US and that the US has depleted. its interceptors and its ATACMS and the. HIMARS. Yeah, you you you think they're scared.
of us, Besant? Despite international sanctions, North. Korea just generated an estimated $22. billion. in foreign revenue between 2022 and 2025. through arms sales and military support. to Russia as Kim Jong-un. does ballistic missile. cruise missile. and other tests and brags about their. nuclear arsenal on a daily basis, but. you don't hear a peep from our corporate.
news about that. You don't hear a peep. from Trump about it. Because they're weak. Because they're weak, but you'll hear. about it here on the Midas Touch. network. That's what's going on right now. We'll keep you posted every step of the. way. Hit subscribe. >> [snorts]. >> Let's get to 7 million subscribers. Also, check out WTF America, the book I. wrote with my brothers. It comes out. October, but the pre-orders are really. key, the publisher says, and we have. really good momentum on the pre-orders.
So, if you're planning on getting the. book, if you pre-order it today, it goes. a long way. And it's really helpful for. all of the planning about where we do. the book tour, how we promote the book, what we need to be doing better. So, if. you're planning on purchasing the book. in October, can you do the pre-order. today? And uh you can Google it and just. search WTF America. Make sure it's the. book by me and my brothers cuz sometimes. people are trying to like use the name. now. Um so, just check it's by the.
MeidasTouch brothers. Um and by Ben, Brett, and Jordy. Um or we have a link. in the description below, okay? Thanks. for watching. We appreciate you. >> Before you go, our book WTF America is. available for pre-order now. It's the. story of how we got here and how we. fight our way back. To pre-order, [music] scan the QR code or click the. link in the description. Let's do this. >> [music].
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