Trump Panics as China Posts Videos He Feared

0:00This Memorial Day, shop one of Avocado's biggest mattress sales of the year and fall in love with sleep again. At Avocado, better sleep starts with better materials. Our certified organic mattresses are crafted without compromise, using high-quality organic materials that bring comfort and support into perfect balance. No polyurethane foams. No shortcuts. Just a cleaner, more natural sleep experience that your body will appreciate night after night, so you fall asleep more easily. Stay asleep longer and wake up feeling refreshed and ready for the day ahead. That's sleep with purpose. This Memorial Day, discover what it means to truly sleep well.

0:44Upgrade and save up to 20 % on our award-winning mattresses. Shop the Memorial Day Sale now and get up to 20 % off at AvocadoMattress.com or select retailers nationwide. Visit AvocadoMattress.com. That's AvocadoMattress.com. Hey, Chicagoland. Wayfair's Memorial Day Sale is on at the Wayfair Store at Edens Plaza in Wilmette. From May 11th through 26th, you can score huge deals on everything home in person. Like up to 70 % off area rugs, up to 50 % off outdoor furniture, and up to 50 % off mattresses. Plus, you can take home the small stuff that day and get the big stuff shipped fast and free right to your door.

1:22Shop Wayfair's Memorial Day Sale, May 11th through 26th at the Wayfair Store at Eden's Plaza in Wilmette. Wayfair, every style, every home. This summer, don't squeeze in, spread out. Find homes big enough for your whole guest list on Vrbo. From family reunions to trips with friends, Vrbo has spacious summer stays for every group, size, and budget. That's vacation rentals done right. Start exploring on Vrbo and book your next day now.

2:00Ben Meiselas:Donald Trump is losing it as more video is surfacing from his disastrous trip to China. And overwhelmingly, the response to his trip is that it was an utter failure. I want to show you some of the videos that have surfaced. Let me just show you what Trump has been doing this morning. It's been post after post after post. He says that John Brennan is a traitor. He's leading coups against me. Donald Trump's posting random videos of somebody pretending to be blind to see if people will help him out as a blind man. And when they help him out, he gives them money. Okay, weird to be posting that video today.

2:38Ben Meiselas:And Trump goes, this is so cool. Watch. Shouldn't you be dealing with the straight of Hormuz? Shouldn't you be dealing with the crashing markets right now? Shouldn't you be dealing with the fact that the American people can't afford things and are suffering right now? Oh, wait. When you were in China, you said, I don't care about the financial condition of the American people. I don't care about it one bit. He continues to make post after post this morning. House Judiciary Chairman urges the DOJ to permanently dismiss all Trump cases after a bombshell report. He attacks Republican Senator Bill Cassidy, a disloyal disaster.

3:13Ben Meiselas:He attacks the governor of New York, Kathy Hochul. She's a Democrat. That's a new word that Donald Trump uses, Democrat. He attacks Jack Smith and Biden. And he goes, Biden, they're secretly setting me up. They want me arrested after my term is over. They want me arrested. Let me now show you some of these videos that are surfacing that he knows are just absolutely crushing him. So we've been hearing now from a lot of people in China what their reaction is to this visit. And they all say, wow, Xi Jinping looks so strong. And Donald Trump just looked like a like a cartoon. He looked like a clown.

3:50Ben Meiselas:Like, how is that a serious leader? Let me show you what one lady. I could show you hundreds of clips like this. I'll just show you one clip of like what they're saying in China right now. Let's play this clip. I honestly feel like this is nothing more than some kind of superficial performative friendliness. because in my opinion, Trump acts much more like an internet influencer than he does like an actual world leader. And honestly, sometimes the things he does really make you stop and wonder if that is how a leader ought to behave. He's more like, to put it bluntly, he gives off a bit of an attention-seeking vibe.

4:23It just feels that way. Plus, he's a bit too focused on his own thoughts and doesn't really consider what others think.

4:30Ben Meiselas:And so other videos are surfacing as well of Donald Trump showing how he was being dominated by Xi Jinping and how he just wanted to be liked by Xi Jinping. Like this one right here. Does Donald Trump, this is what this account says, does Donald Trump think if he touches Xi enough times, they'll become best friends? Why does he keep petting him or like patting him like this? It's so damn weird. Here, play this clip.

5:02I like to talk to some. Huh?

5:06Ben Meiselas:We had a great time. Then there's this footage right here that has surfaced of Xi Jinping making Donald Trump sit on a smaller chair so that when they were next to each other, Xi Jinping would tower over him. Let me show you what this clip looks like right here. Here, let's play it.

5:32Ben Meiselas:Meanwhile, the American people are suffering. Ground beef nears$7 a pound right now. We also got this note from Kosto Kapthenonis from AutoZone. Here's a memo that he received. He's in the industry. AutoZone writes, We're facing the largest supply shortage of lubricating fluids in the modern history of America. Realistic middle-of-the-road estimates are for our average available supply in this category to drop 40%. And even Donald Trump's former right-wing podcast bros, you know, they're out there and they're like, dude, this guy is the worst. I mean, you have Andrew Schultz and you had just all these people on their shows now.

6:15Ben Meiselas:They're like, Donald, how do you support? Y 'all supported this guy. What are you talking about? You had him on your show. But watch what they're saying right now. Here, let's play this clip. At this point, you're retarded. Like, I'm sorry. Literally, permanent war, Epstein files. Like, this is... He literally said this week, he doesn't care about American people's financial situation. I saw that shit. All he cares about is that Iran don't have no nuclear weapons. What the fuck, yo? Since when can a president multitask? Since when can a president, you know, make sure Iran don't have nuclear weapons, but also care about the promise that you said won you the election?

6:52You told us that you won the election because of one word, groceries, and you said you was going to fix the economy on day one. I mean, how - You don't give a fuck about America's financial situation? He can care about Iran and Gulf, but he can't care about Iran and -

7:09Ben Meiselas:And if Americans can afford to put food in their mouths? Nah, dude. Just to show you how weak Donald Trump looked, I just want to share this with you right here. Donald Trump bragging that President Xi said America is a nation in decline. And Trump's like, yes, Xi, we are in decline. Here, play this clip. ... are destroying our country and we have to stop. And, you know, President Xi said something yesterday. He talked about, and he wasn't referring to the last 15 months, he talked about America is a nation in decline. And I said, you're right. But he wasn't talking about it because he said, what you've done in 14, 15 months is a miracle.

7:50Ben Meiselas:Now, Taiwan had to issue a statement after Donald Trump attacked the core of Taiwan's independence. Donald Trump said, whatever they want to call themselves, I'm not even sure we're going to give weapons to them. Why would we help them? They're 9 ,500 miles away. They're a small island. They're next to a big country, a big, powerful country with Xi Jinping. Why would we help them out at all? So Donald Trump went from a strategic ambiguity to basically full surrender. So here's what Taiwan had to post this morning. Taiwan has said that it is an independent nation after Donald Trump basically said, I'm not going to help you.

8:30Ben Meiselas:And let's take a look at the specific language that they use. Taiwan is a sovereign and independent democratic nation and is not subordinate to the People's Republic of China. That's what Taiwan's foreign minister said in a statement in response to Donald Trump saying, I'm not looking to have somebody go independent and you know, we're supposed to travel 9 ,500 miles to fight a war. I'm not looking to do that. I want them to cool down. I want China to do down, to cool down. Donald Trump's strategy, as it was with Ukraine, is whoever Donald Trump perceives to be weaker, he wants them to lose. He wants to force them to surrender because rather than actually deal with difficult issues, he'll just try to force the weaker party into surrender, regardless of America's long-term interests and what America's geopolitical interests are.

9:20Ben Meiselas:And he'll just go with whoever he thinks is more powerful without even recognizing the dynamics. And he's utterly weak, as we see with Iran controlling the Strait of Hormuz. And now Iran's put out other statements this morning, right after Donald Trump's disastrous trip to China. Iran's putting out additional statements about its control over the Strait of Hormuz and how it will be handling toll payments, how it is asserting its sovereignty over it. And so Iran shows no sign at all of backing down. If anything, Iran is further asserting its control and warning anyone else associated with the United States that you're not going to be able to ever get through the Strait of Hormuz.

10:01Ben Meiselas:And from what we've heard too, Xi Jinping recognized a new security architecture in the Middle East that Iran has sovereignty over the Strait of Hormuz. And Iran allowed Chinese ships to get through the Strait of Hormuz. No other ships are really able to get through other than if you're allied with Iran. I want to show you these three powerful statements right here. Nicholas Burns, who was the former ambassador to China under Biden, he goes, I thought it was a mistake for President Trump to do this. You didn't see Xi Jinping reciprocate this kind of elaborate, over-the-top praise for President Trump.

10:37Ben Meiselas:He stuck to his issues. I thought it made us look weak as a country. Philip O 'Brien writes, it's amazing how little the press is willing to dissect U.S. decline under Trump. The U.S. got no help with Iran, was scolded on Taiwan by Xi, says it got a small Boeing deal, but China has not even confirmed this. And Trump appeased on Chinese students, microchips, also I'll add on Chinese ownership of American farms. Xi even insulted the U.S. power to Donald Trump's face. And yet the media is reporting this as a modestly successful event. It was a strategic failure by the U.S. and marks a notable moment in U.S.

11:22Ben Meiselas:decline. John Simpson, quoting Frieder Frankopin, says, Donald Trump allowed himself to be outplayed in China, according to academic and author Peter Frankopin, From accepting a lower seat beside Xi Jinping to showing gratitude and respect to him, Trump acted like a humble number two. Just what Xi wanted him to portray. Poor preparation, lack of expertise, the total conviction that business deals are the way to do foreign policy all play a part in what will go down one day as a set piece for how not to do a summit. That's for sure. How not to do a summit. Also, Phil Gordon writes, so it's hard to square Rubio's insistent that Taiwan policy is unchanged with Trump implying the 1982 assurances have expired that the U.S.

12:16Ben Meiselas:will never negotiate about arms deals with China about Taiwan. uh donald trump's willingness to discuss arms deals in great detail with beijing and his overall tone of a disloyal taiwan that wouldn't be worth defending those shifts are more significant than the change in declaratory policy that he didn't make right it's just like listen to what the guy is saying listen to what he's saying and that's what we're doing here at the midas touch network just so you can hear for yourself here's actually what donald trump said let's play it $12 billion is a lot of weapons. But, you know, when you look at the odds, China is a very, very powerful big country.

12:55That's a very small island. It's you think of it, it's 59 miles away. 59 miles. We're 9 ,500 miles away. That's a little bit of a difficult problem. with all of that uh being said you know if you look at the history of taiwan taiwan was developed because we had presidents that didn't know what the hell they were doing because if they would have put tariffs on chips coming in it would they would have never left everything was about intel and everything was about our chip companies they stole our chip industry so i've said that for years i said you know for years they stole our chip if we would have had one of our presidents just say we're going to say we're going to put 100 chip you can leave you can build in taiwan but we're going to you sell it back into the united states we're going to put 100 or 200 tariff we would have never lost a chip we lost the chip industry it's all coming back and i do say this uh taiwan would be very smart to cool it a little bit china would be very smart to cool it a little bit.

14:03They would have both cool it on AI.

14:06Ben Meiselas:There you have it, folks. Let me know what you think. Hit subscribe. Let's get to 7 million subscribers. And thanks for watching, everybody. New Midas merch drop. Check out the latest pro-democracy sticker packs, t-shirts, hats, sweatshirts, and more. All at store.midastouch.com.

14:32to every story. Get the money side of the story. Subscribe now at Bloomberg.com.

15:02plan equivalent to$15 per month required. Intro rate first three months only, then full price plan options available. Taxes and fees extra. Default terms at mintmobile.com.