Trump Loses Control in AM After Terrible News
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As Donald Trump continues to look like a complete and utter fool, it's yet another morning of ranting and raving like a lunatic in all caps, POS. And he's now saying that this

consensus framework, whatever the heck you want to call it with China. Actually, the United States is imposing 55% tariffs against China, and they are imposing only 10% tariffs against the U.S.,

Donald Trump acts like that's a victory. Yay, we're taxing the American people 55%, basically making Chinese goods unaffordable to bring into the United States while China is smartly not taxing its own people. And didn't they say yesterday that it was going to be the same 30%? Who even knows what the hell Trump is doing with these tariffs? Here's Trump's post. I

All caps. Our deal with China is done, subject to final approval with President Xi and me. Pause there. Actually, it should be subject to final approval of Congress, who has the tariff power. But let's be clear, Donald Trump is an idiotic dictator. And so this is what you'd expect him to say.

Full magnets and any necessary rare earths will be supplied up front by China. Pause there. That's what was taking place before you tariff the world.

I like that he goes, this is a victory. We're going to get what we were getting before the trade war against the world. And then I caved because China withheld rare earth minerals. And then all of our technology companies were about to go bankrupt. So we immediately had Treasury Secretary Scott Besant and Trade Representative Jameson Greer cave because Trump always chickens out.

Dude, you're claiming a victory for the status quo before your trade war. I mean, again, the international community is laughing in this idiot's face right now. He goes on to say, likewise, we will provide to China what was agreed to, including Chinese students using our colleges and universities, which has always been good with me, exclamation point.

I mean, always been good with you. You were the one who tried to put an end to that. So again, the status quo, exactly what existed before the arsonist lit the world on fire and created chaos that is lingering and has jeopardized, not even jeopardized, crushed the United States power in the world. Then Trump goes, we are getting a total of 55% tariffs. China is getting 10%. Relationship is excellent, exclamation point. Thank you for your attention to this matter.

Thank you for your attention to this matter, Spencer Akimian says. So the deal was reached in London, was that our consumers and businesses now get to pay 55% taxes instead of 30%. Then Donald Trump goes, adding to the China readout, President Xi and I are going to work closely together to open up China to American trade. This would be a great win for both countries. Dude, China is open to American trade. What freaking world is this idiot living in?

China is open to American trade. Europe is open to American trade. We have free trade with the world. I don't even know what era you are living in and your cognitively addled, malignant, narcissistic, idiotic lack of a brain of yours. Then he posts this. CPI, talking about inflation, CPI just out great numbers. Fed should lower one full point, would pay much less interest on debt coming due. So important! Exclamation point.

I like how he's celebrating the fact that inflation rose 2.4% in May on an annual basis. So it rose less than expected. The report was not as bad as people expected. So I guess baby Trump deserves a round of applause. Yay, it's not quite as bad as it expected, as we expected it was going to be. A big win for Donald, not as bad as expected.

Let's take a look at what the Wall Street Journal previously said about this data. So just so you know, this is what the Wall Street Journal said. Economists raised questions about the quality of U.S. inflation data. Article June 4th. Labor Department says staffing shortages reduced its ability to conduct its massive monthly survey. OK, well, that's a data point.

How about what JP Morgan says right here? In other words,

even though inflation is still rising it's not rising as much as people expected we're going to be waiting for the summer months to really get a handle on what's going on and if you want to take a look at what another bank citigroup is doing citigroup is set to put aside hundreds of millions of dollars more than it did last quarter to account for potential losses on loans

an early sign that the biggest U.S. banks may be bracing for deteriorating economic health. Given the macro environment, etc., cost of credit compared to last quarter, we expect to be up a few hundred million, says Citigroup's head of banking. Now, what is Howard Lutnick, Donald Trump's

Scammy. They're all scammy. Commerce secretary have to say. So when are you going to do these deals, Lutnick? You said there were going to be 90 deals in 90 days. We're almost in July. The 90 days is up. You've done zero deals in 90 days. So Nutlick, tell us Nutlick. What's the update? Play the clip. You guys have set the deadline for.

early July to have more trade deals. We're expecting more to come. What can you tell us about the progress of any of the ones you're working on? We thought Japan, India were closed. We got this framework from the UK. But what else is in what else is coming there? Oh, there are so many coming. But when you've got Scott Jameson and I spending, you know, 25 hours locked in a room with the Chinese, we're not really doing the other deals. Yes, our teams are moving them forward. But

You know, now we're going to be focused starting today. We're going to be focused on other deals. We're going to get them done. We're in good shape with lots of countries, but good shape isn't good enough for the United States of America. We want great deals that are fundamental for America. We can get them. We can get them done. Dude looks like the, if I asked chat GPT, draw me a snake oil salesman and animate it.

It would be what I literally just showed you. We're doing so much deals. The biggest beautiful deals you've ever seen. The biggest beautiful deals ever. There's going to be a deal today, a deal yesterday. You know how hard I worked? I was negotiating with China. What did you negotiate with China?

somewhat of the status quo regarding rare earth minerals before your trade war against the world. What a victory by Howard Lutnick. Yay for Donald Trump. 55% tax on Americans importing Chinese. What in the world are you even talking about? Oh, by the way, Donald Trump was asked by this interviewer, this dropped earlier. Are you going to arrest Gavin Newsom? Play this clip. Are you going to arrest Gavin Newsom?

Well, he's not doing a good job. You know, arrest, what does that mean? He's not doing a good job. Charge him? Well, in theory, you could, I guess. You know, it's almost like a dissipation of duty. Nobody's ever seen anything like it. As you know, I'm a dad. And, well, I've just been having the greatest time ever. Here's the thing. I never knew just how important it was what we give our children.

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Looked incredibly presidential last night. But hey, Donald, before you start all of your bloviating blabbering, I'm going to arrest you, I'm going to arrest you. You may want to, I don't know, get the National Guard's pillow and a bed when you send them

to basically be at war with Americans when you federalize the National Guard, in my view, very unlawfully. As the San Francisco Chronicle, page one, reports, we talked about this yesterday as well when they broke the news, deployed troops unprepared. Soldiers sent to L.A. lack the basic necessities.

They were only able to operationalize also a few hundred of these National Guard troops. And they basically put them to guard buildings. And the LAPD basically had to guard them. The whole thing was so bizarre. Have you heard this as well? This is Trump's America. So ICE and Customs and Border Protection, they're now hired as the security agents.

for the Club World Cup games. The FIFA Club World Cup kicks off Saturday at the Hard Rock Stadium with Inter Miami playing a team from Egypt.

The Department of Homeland Security announced that ICE and CBP personnel would be at the game providing security, which raised questions among some who are wondering if the federal agents are just going to be part of the overall security team, which is normal for a big event. I don't actually think that's normal at all. Or will they be checking papers and detaining fans arriving for the game? I just want to fact check this article by Six South Florida right there because I think it's helpful that they're shining a light on this.

I've never gone to a sporting event and had the security be ICE agents and custom and border protection. Okay? You know what the security is usually like at a sporting event?

Private security that works at the stadium, and that's about it. I understand in sometimes higher profile games, you may have additional enhancements, but I've never seen ICE agents running security. The Department of Homeland Security, though, wants you to know that Kristi Noem, the dog killer cosplayer, she's very, very busy. Here she is. This is a video they released today, and it's just like minutes of her signing papers. Like that's what the video is. Play this clip.

All right.

And finally, we take you to state regime media Fox, and this is what they're telling their viewers today. They're promoting the Trump dictator parade. It's gonna be so patriotic. Everybody come out and be there. It's gonna be the most patriotic event. Donald Trump, the dictator, is gonna look like Kim Jong-un or Vladimir Putin as tanks roll through Washington, D.C., and we lie that it's only gonna cost $45 million. It's gonna be quite the spectacle here in the United States.

President Trump will host a parade this weekend to mark the 250th anniversary of the Army. And those are your headlines, guys. Back over to you. Also, it was not President Trump's idea with the parade for his birthday. It was put up last time by General Jewell. I'm so glad you brought that up today. And the Army was the one that suggested having this parade. They're trying to say because his birthday is on Saturday and the parade is on Saturday. He's doing this for his birthday. It's going to be patriotic and wonderful.

It doesn't like a military period. It's also Flag Day. It's 17 minutes after, it's now 18 minutes after the top of the hour. Anyway, hit subscribe. Let's get to 5 million subscribers. Thanks for watching. Can't get enough Midas? Check out the Midas Plus sub stack for ad-free articles, reports, podcasts, daily recaps from Ron Filipkowski and more. Sign up for free now at MidasPlus.com.