The transcript highlights a complex global landscape shaped by geopolitical tension, economic manipulation, and disinformation. Wise is presented as a trustworthy alternative for international money management, offering transparent exchange rates and no hidden fees. In the Strait of Hormuz, Iran has launched repeated attacks on tankers, with no corresponding increase in oil output—only rising risk and transport costs, reflected in skyrocketing VLCC rates. U.S. military presence in the region has weakened, with reduced carrier deployments and strategic gaps, increasing vulnerability. Regional conflicts escalate, including a Houthi missile strike on a Saudi refinery, prompting a retaliatory Saudi offensive. Political disinformation is rampant, with figures like JD Vance and Rick Scott making false claims about nuclear threats and gas prices, while consumer confidence plummets. In Kansas, Donald Trump’s approval ratings have reached historic lows, paralleling Herbert Hoover’s era. The underlying message is that global markets and public trust are under strain due to both real crises and deliberate misinformation. The content also promotes Stopbox Pro as a secure, accessible firearm storage solution. Overall, the narrative underscores a world where disinformation, economic instability, and military withdrawal intersect to create a fragile and increasingly volatile global environment.
Support comes from wise, the smart way to manage the currencies you need around the world. Your life is global. Your money should be too. Some providers promise no fees on overseas transfers. Don't be fooled. Extra costs often hide and blow to exchange rates. Choose wise. You can send, spend, and receive money in over 40 currencies. Count on the exchange rate that you'd usually see on Google. That's how millions save billions on hidden fees. Be smart. Get wise. Visit wise.com. T's and C's apply. Donald Trump has gone silent on Monday morning as Iran continues to strike tanker after tanker. And finally, the official authorities are acknowledging the strikes we've been reporting about that have taken place in the Strait of Hormuz every damn day. Most recently, October 3rd, an oil tanker was struck by a projectile. October 4th, an LNG tanker, and an oil tanker were struck by projectiles from the IRGC in the Strait of Hormuz earlier this morning. A massive tanker turned around after being warned by the IRGC. And now we're seeing headlines like this from the Wall Street Journal. Oil was pouring out of Hormuz again. Then attacks on ships resurged. Iran's targeting of ships has improved according to a US official. Making transit through the Strait of Hormuz riskier. No, there was never all of this oil getting out of the Strait of Hormuz. As we were reporting over and over again, we knew these strikes were occurring. It was just not being reported. And the Trump regime was lying and saying that more oil was getting out. Then was actually getting out. I mean, you take a look at indicators that people in the United States and across the world know what's going on. Because we know what we're paying for gas. And diesel consumer confidence keeps on collapsing. It's at its lowest level right now since April 2014. And it's very close to the lowest level since, you know, whether it was in 2021 or 2001. I mean, the consumer confidence is at the great recession level right now. Because that's what the American people are experiencing. And all of a sudden, this week, you know, we started to hear people like Aramco's CEO, Amin Nasr, he spoke at an energy conference in London. And he goes, global inventories have fallen to dangerously low levels, calling the world supply cushion scarily thin. Nasr said nearly three billion barrels of oil supply have been lost since the war with the Ron began. While reserve release offer only temporary relief and rebuilding inventories could take up to two years. Yeah, there wasn't all of this oil getting out of these straight of hormones. In fact, things are getting worse each day. And one of the things we've learned in the past 24 hours as well on Serala, the Houthis were able to successfully strike an area in Jeddah in Saudi Arabia. Look right over here. Footage shows a plume of smoke rising from Jeddah following an on Serala ballistic missile attack on a Saudi Aramco refinery there earlier. Now Saudi Arabia working with its PLC back forces in Yemen said that they intend for an offensive to try to seize Sona, the capital of Serala, and also take back other areas in Western Yemen that on Serala, the Houthis were able to take control of in the recent weeks. And so on Serala responded striking this refinery right here in Jeddah. Saudi Arabia's defense authorities no longer report the warnings that they used to or when they were refinery struck, they just covered up. It's just a massive manipulation taking place from the Trump regime to the Arab nations all across the world. There's this market manipulation. But again, you look at the price of crude. You look at the price of diesel. It is surging. One other fact that doesn't get enough attention. But to me, this chart and this analysis says it all. Just even if you assumed all of the oil was getting out of the Strait of Hormuz, it's just like it was pre-war. Here's a major difference. VLCC rates, those are those very large tankers. The largest types of tankers that carry out crude have reached unprecedented levels of what they are charging per day because the risk is so severe. They charge $1.3 million per day now to carry the crude. Whereas before the war, it was around $30,000 to $50,000 a day. So it's around 43 times the January number. So this adds to the price per barrel of oil about $33 or 27% of the delivered cost of crude oil. So even if the amount of oil getting out was all the same, the risk premium is so damn high that it would still cost so much more by the time it was transported to the refinery and then ultimately refined. And then the gas, the diesel, and jet fuel is then sold. So I think it's important that we just have some basic understanding of what the hell is going on. I know we do here at the Midas Touch Network, but the level of disinformation is so wild. Meanwhile, speaking of disinformation purveyors, you had JD Vance. This is what he said at Joint Base Andrews this morning. He said, I think the American people love these taxpayer-funded political commercials that Donald Trump's doing. Those fascist commercials, Trump keeps running during football games and other major national sporting events. And just in general, he keeps on playing these political ads. And JD Vance was like, Obama did it. No, Obama didn't do it. Stop saying Obama. Stop saying Biden. That there's no comparison here to what's going on. Obama, Biden, again, disinformation purveyors, fraud. They just want to overwhelm you with this crap here, play this clip. Well, look, if you look historically, go back to the Obama administration with the Affordable Care Act. You have the people's government using tax dollars to advertise about what the government is doing. It's part of actually living in a constitutional republic. You have to be honest with the American people about what you're doing, about what's going on. And part of that is getting out there and telling the message. So I don't think there's anything unusual or unorthodox about it. I'm sure that some people probably don't like it. But if you look at the message of those advertisements, they're not partisan. They're not, you know, it's not like we're advocating for particular candidate. We're trying to tell a story, I think, about how great the United States of America is. This is the one of the ass turns there after that. Then you have Maga Republican Senator Rick Scott said, look, sure the gas prices really high, but I don't want to be killed by a nuclear weapon. Do you want to be killed by a nuke? So this is great. We can deal with high gas prices because Trump saved us from being killed by nukes. No, he didn't. You made up a threat that didn't exist. So that Trump and Netanyahu was part of their coverup also of the Epstein files. Could slaughter little children and menob and Lamar and invade Iran. This is what Rick Scott said here, play this clip killed. Now, nobody likes war. War's not popular. Nobody likes high gas or diesel prices, right? But we also don't want nuclear weapons. And this president actually is doing the opposite Democrats. He's trying to build up the oil and gas industry while they try to destroy it and drive prices up. He's trying to build it. And he has built it in this country. And he's trying to build relationships in places like Venezuela. I mean, I was trying to make sure Europe's a partner. So we're heading the right direction. I don't want a nuclear weapon. I mean, I don't want my kids or grandkids killed by nuclear weapon. I don't like high gas prices, but I don't want to be killed by nuclear weapons. It's 3 a.m. You hear a noise in your house. What's your move? Did you freak out with no plan? Are you fumbling with safe keys? Were you just hoping your battery and your safety didn't die? Or worse, is your firearm just out? That's why I started using the Stopbox Pro to safely store my firearms and it's a game changer. Storing your firearm used to put you at risk. Storing a handgun safely shouldn't mean slowing yourself down when you actually need it. Most options for a choice between locked away or left out. Which isn't practical for kids, guests, or unexpected situations. I would know I have a little kid. Stopbox is built for people who want real protection without giving up speed or control. The Stopbox Pro is completely mechanical. No keys, no batteries, it never fails. The 5-button interface is designed for muscle memory. So you get immediate access while keeping others out. Your firearm stays secure, but always within reach. Stopbox is also TSA compliant. So you can check your firearm safely and legally when flying. Stopbox also offers a range of other innovative products, including their brand new Stopbox U-Can. Stopbox U-Can uses the same mechanical locking system as the Stopbox Pro, but has much more storage capacity. So for a limited time, our listeners get 10% off a stopbox when you use the code Truth10 at checkout. Head to stopboxusa.com and use code
truth ten for ten percent off your entire order. After you purchase, they will ask you where you heard about them. Please support our show and tell them our show sent you. And we heard from Harry Enten this morning who said they were analyzing the fact that the Kansas Senate race right now is tied, which could be the first time a Democrat wins in Kansas, and like 100 years, and Harry Enten says that Donald Trump at this point right now in his presidency has popularity. That's Herbert Hoover level. It's like the worst in presidential history. Take a listen to what he says, play this clip. Yeah. Okay. So Kansas is not Senate Democrat to the United States Senate since 1932. That's 94 years ago for those who don't want to do the mental math this early in the morning. What is going on? And that is President Trump is historically unpopular for a Republican president in the great state of Kansas. Take a look here. Okay. What are we looking at here? Republican presidents, net approval ratings in Kansas. I absolutely buy the idea that this race is close because just take a look at these. Okay. GOP net approvals in Kansas about at this point in a term. Look at this. George W. Bush coming off of 9/11. Was it about plus 45 points? Even in 2006, he was still in the positive territory about plus one. In his first term, look at this Donald Trump at plus five points. Look at how much less popular Donald Trump is than he was in term number one at this point. He's way down in the basement. 15 points underwater. That's a 20 point shift away from the president of the United States. That is 16 points less popular than any other Republican president at this point in term, this century. And in fact, while we don't have the polling data, if you look at the national polling data, I would say that Donald Trump is probably at this point in a term, the least popular Republican president probably since well, Herbert Hoover. Now, New Gallup poll, Q three party ID data coming out right over here. This is how Americans politically identify right now in the New Gallup poll. 50% identified Democrats, 39% identify Republicans. This Democrat plus 11 lead is the largest quarterly margin recorded for the Democrats since the first quarter of 2009, and it was Republican plus four in 2024, just by comparison. The Trump regime announcing Beni Ray Harmony will be the new assistant press secretary at the White House, taking on a prominent role there. Here she is in 2021, wearing her F Joe Biden shirt over here. I believe with a family member. Here's what she looks like today, by the way, now that she's taken this Trump regime job. But this is what she looked like in 2021 here. She is today Marco Rubio was asked about updates regarding the apparent plague case taking place in Russia right now. There was a pneumonic plague at a bio lab in Siberia that killed a lab technician. There's a major quarantine going on right now in the Siberia area. Marco Rubio says this is not cause for alarm, but it is cause for focus. He says let's play this clip. And then Rubio was asked about the reporting. We did this reporting this morning and others did as well about the 12 B1 bombers that have been removed from the Royal Air Force Base Fairford in the UK. So that all those B ones are gone. As you also are aware, the USS George H. W. Bush aircraft carrier has been removed from the Arabian Sea and it's now in Puket, Thailand, leaving only one aircraft carrier there. The US has no aircraft carrier in the Pacific. The USS George Washington is now the only aircraft carrier in the Arabian Sea. This is a catastrophic war we should never have been involved in. But it's also massive mismanagement of the catastrophic war also. There's the USS Theodore Roosevelt aircraft carrier and its strike group and an amphibious assault group. It will arrive in the Arabian Sea mid-November after the midterms were trumps throughout an escalation. But I think one of the reasons Iran also realizes it can strike these tankers with impunity right now and project its strength as it controls the strait of her moves is that the US, literally the munitions and the US ability to even project strength in the region is gone. But anyway, here's what Rubio has to say about that. Let's play this clip right here. Meanwhile, one of the main advisors to Iatola Mojitaba Khomeini posted the following, "Every computational error by the enemy against Iran has resulted in heavy defeat for it. The next error will bring about fresh fronts and greater surprises, with the wise leadership of the supreme leader of the revolution, the companionship of the history making nation, and the coordination of all branches of the system, Iran will powerfully navigate through these complex conditions." Another thing to note as well, the USS George Washington, the only aircraft carrier in the Arabian Sea. It's like a thousand kilometers outside of the kind of entrance as you start heading towards the Gulf of Oman and towards the strait of Hormuz. So the US aircraft carriers are pretty far out. There's only one at this point that's even there. The other as you now stated is in Puket, Thailand. I think that's notable as well. And so really the first time that's happened in a very, very, very long time. Also important to note as well, a Turkish commercial vessel, the Royad Mamadav sank in the Black Sea after being struck by a drone, believed to be a Russian drone. Perhaps a year and four Romanian authorities said 11 crew members were rescued and two were killed. The vessel was about 30 nautical miles south inside Romania. Romania is a NATO member's exclusive economic zone. Zelensky has responded to the incident and he's talked about what's taken place and he's calling it out as well. By our account, Iran has struck at least 12 tankers in the southern corridor of the strait of Hormuz in the past seven days as well. And this open source site agrees with that number. Keep you posted every step of the way here on the Midas Touch Network. Get your copy of WTF America. Audio book is out October 20th. E book is out October 20th. Hardcover book is out, but the pre-orders are available now. And lots of people were happy that there was an audio book. I read the audio with my brother. So check that out. Thanks everybody. 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, scan the QR code or click the link in the description. Let's do this.
Podcast Summary
Key Points:
Wise offers a transparent, fee-free global money transfer service with exchange rates matching those seen on Google, helping users avoid hidden costs.
Iran has launched multiple attacks on tankers in the Strait of Hormuz, with at least 12 strikes in seven days, increasing risks for global oil transit.
Despite claims of increased oil flow, real-world indicators show supply is not rising, with global inventories falling and VLCC tanker rates soaring to $1.3 million per day.
The U.S. military presence in the region has diminished, with only one aircraft carrier in the Arabian Sea and others stationed far away or in Thailand, reducing strategic reach.
Political disinformation is widespread, including false claims by Trump allies about nuclear threats and gas prices, while consumer confidence remains at crisis levels.
Saudi Arabia responded to a Houthi missile strike on a refinery in Jeddah with an offensive, signaling escalating regional tensions.
The U.S. political approval in Kansas has plunged, with Trump at historic lows, comparable to Herbert Hoover, amid a tight Senate race.
Stopbox Pro is introduced as a secure, mechanical firearm storage solution that offers instant access without batteries or keys, promoting safety and practicality.
Summary:
The transcript highlights a complex global landscape shaped by geopolitical tension, economic manipulation, and disinformation. Wise is presented as a trustworthy alternative for international money management, offering transparent exchange rates and no hidden fees. In the Strait of Hormuz, Iran has launched repeated attacks on tankers, with no corresponding increase in oil output—only rising risk and transport costs, reflected in skyrocketing VLCC rates.
S. military presence in the region has weakened, with reduced carrier deployments and strategic gaps, increasing vulnerability. Regional conflicts escalate, including a Houthi missile strike on a Saudi refinery, prompting a retaliatory Saudi offensive.
Political disinformation is rampant, with figures like JD Vance and Rick Scott making false claims about nuclear threats and gas prices, while consumer confidence plummets. In Kansas, Donald Trump’s approval ratings have reached historic lows, paralleling Herbert Hoover’s era. The underlying message is that global markets and public trust are under strain due to both real crises and deliberate misinformation.
The content also promotes Stopbox Pro as a secure, accessible firearm storage solution. Overall, the narrative underscores a world where disinformation, economic instability, and military withdrawal intersect to create a fragile and increasingly volatile global environment.
FAQs
Wise is a financial service that helps users send, spend, and receive money in over 40 currencies. It offers transparent exchange rates similar to those seen on Google, helping users avoid hidden fees and save money on international transfers.
Yes, some providers promise no fees but often hide extra costs through unfavorable exchange rates. Wise avoids this by providing exchange rates that match market rates, ensuring transparency and lower costs for users.
Iran has reportedly struck at least 12 tankers in the Strait of Hormuz over the past seven days, increasing risks for maritime transit. These attacks have raised concerns about global oil supply and transportation security.
VLCC tanker rates have surged to $1.3 million per day, up from $30,000–$50,000 previously, due to heightened risks. This risk premium adds about 27% to the cost of crude oil, increasing final prices for consumers.
Yes, some reports suggest that claims of increased oil output from the region are misleading. Experts note that oil supplies have not increased significantly, and attacks have actually worsened supply chain risks and prices.
Stopbox Pro is a mechanical firearm storage device that provides secure, keyless, battery-free storage with fast access. It’s TSA-compliant and ideal for people who want safety without delays during emergencies.
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