Transcript

Trump in WORLD OF HELL as ALL PLANS BACKFIRE

From MeidasTouch · Episode page · Watch on YouTube

· 17 min · 2,919 words · 34 timestamped sections

This is the full, timestamped transcript of "Trump in WORLD OF HELL as ALL PLANS BACKFIRE", an episode of MeidasTouch published February 5, 2026 (17 min, about 2,919 words). It mentions 14 people, works and ideas, including Donald Trump, Epstein file, Great Recession, Challenger, Hillary Clinton.

What this episode is about

The content highlights a troubling day for Donald Trump amid dire economic news, with US layoffs reaching a 17-year high and job openings plummeting, as a significant portion of Americans perceive the economy negatively. While facing these challenges, Trump delivers erratic speeches, downplaying the crisis and reiterating claims about the 2020 election being rigged.

Key takeaways

  • Trump's at a prayer breakfast while layoffs surge 205%—is divine intervention running on low funding?
  • With GDP growth at 4% but layoffs skyrocketing, welcome to Decoupling 101: when riches flow, jobs trickle.
  • Crypto's identity crisis: from $4.3 trillion to $2.3 trillion—Trump's team seems better at buying high than eating lunch.
  • 72% of Americans say the economy stinks—Trump's ego must be in a different galaxy, or is it just a mirage?
  • MAGA Mike prays at lunch while Trump rants; faith meets folly in a feast of economic despair.

Who speaks in this episode?

What is discussed, and when

  1. – 3:00: Donald Trump, Great Recession, Challenger, Heather Long
  2. – 6:00: Donald Trump, Great Recession, World Liberty Financial, MAGA Mike
  3. – 9:00: Donald Trump, Epstein file, Great Recession, Challenger
  4. – 12:00: Donald Trump, Hillary Clinton, Treasury Secretary Scott Bessant, Elon Musk
  5. – 15:00: Donald Trump, Epstein file
  6. – 17:19: Jonathan Jackson

Notable quotes from "Trump in WORLD OF HELL as ALL PLANS BACKFIRE"

  • Trump. Some horrific economic news this morning. January layoffs surged to a 17year high. Job reports never have been this bad since the Great Recession right around 2009 when…
    about Great Recession · at
  • Donald Trump was also saying that in his recent trip to Davos when he gave a speech there like one of the worst speeches ever. He said everybody who invited me said why did we invite this.
    about Donald Trump · at
  • Raving at a prayer breakfast and then you have economists posting things like this. Sobering data from Challenger, that's the company that puts out that data on the US labor market.
    about Challenger · at
  • Trillion worth of market cap in 4 months. Most of crypto's value is being wiped out. Now, Trump's family company, World Liberty Financial, bought crypto at an all-time high.…
    about World Liberty Financial · at
  • That's supposed to be at a bipartisan prayer breakfast where Donald Trump is doing that and the split screen is the report from CNN this morning that I similar to what I'm sharing with you right now about the economic data here.
    about CNN · at
  • Be called the Trump Epstein Files because you're at a national prayer breakfast. There are more references to Trump in the Epstein Files than there is to Jesus in the New…
    about Epstein file · at
  • Former Secretary of State Hillary Clinton says, So, let's stop the games.
    about Hillary Clinton · at
  • Pat tip to Democratic Senator Ggo of Arizona. He was cross-examining Treasury Secretary Scott Bessant about the Treasury Department getting prepared to send Donald Trump a check personally to Donald, paying Donald Trump $10 billion.
    about Treasury Secretary Scott Bessant · at

Who and what is mentioned in this episode?

People

  • Donald Trump — Person · Primary referenced political figure / main subject of criticism · 12 mentions · first at
    Central figure throughout the episode: discussed in relation to economic conditions, remarks at the National Prayer Breakfast and Davos, alleged ties to Epstein files, and a reported $10B tax-return leak lawsuit.
  • Hillary Clinton — Person · Referenced political figure responding to oversight/Epstein-related scrutiny · 2 mentions · first at
    Cited as publicly challenging House Republicans to hold a transparent public hearing regarding Epstein-related questions, contrasted with claims about Trump and others.
  • Treasury Secretary Scott Bessant — Person · Referenced government official (as titled in transcript) questioned in a hearing · 1 mention · first at
    Presented as 'Treasury Secretary' being cross-examined about a potential $10B payment to Trump tied to a tax-return leak lawsuit; used to frame alleged conflict-of-interest concerns.
  • Elon Musk — Person · Referenced tech executive tied to a deposition and USAID controversy (as framed) · 1 mention · first at
    Mentioned as potentially unwilling to appear in a public Epstein-related hearing; also referenced as being ordered by a federal judge to sit for a deposition connected to 'Doge' and USAID actions (as characterized by the speaker).
    Although, a federal judge did order Elon Musk to show up for a deposition in the Doge vicious destruction of USAID, which probably led to millions of deaths. It's like you do realize that, right? Like I.
  • Bill and Hillary Clinton — Person · Referenced former president in context of proposed public hearing · 2 mentions · first at
    Mentioned alongside Hillary Clinton as willing to appear publicly for questioning about Epstein-related matters, contrasted with whether Trump would do the same.
    Accountability into an exercise and distraction. So, Hillary Clinton is saying, She and former President Bill Clinton, you want to ask us about Epstein? You want to do a whole…
  • Heather Long — Person · Referenced expert / economist-journalist cited for labor-market interpretation · 1 mention · first at
    Used as an authority to interpret the labor market data, specifically the claim that a 'hiring recession' shows no sign of ending.
    Layoffs in January alone. That's up 205% from December and the highest January total since 2009. As economist Heather Long writes, the US hiring recession shows no sign of…
  • Jonathan Jackson — Person · Referenced speaker at the National Prayer Breakfast · 1 mention · first at
    Identified as a Democratic member of Congress who delivered an opening prayer/speech urging compassion and responsibility from the president.
    You. Finally, at the beginning of the National Prayer Breakfast, Democratic Congress member Jonathan Jackson gave the opening speech. Watch this. Let's play it. Today, we pray…
  • MAGA Mike — Person · Referenced political figure (nickname) — Speaker of the House (as implied) · 1 mention · first at
    Mentioned in a clip where Trump describes the Speaker asking to pray at lunch; the nickname is used to frame him as aligned with MAGA politics.
    Issues going on. Back to that prayer breakfast for a moment. Donald Trump talks about how when MAGA Mike says the speaker of the house says he wants to pray, Donald Trump's Can we just eat lunch? Let's play this clip.

Companies & orgs

  • Challenger — Company · Data source · 2 mentions · first at
    Provider of labor market statistics cited to demonstrate economic downturn
  • CNN — Company · Media reference · 1 mention · first at
    Cited as source for economic reporting, providing external validation of claims
  • World Liberty Financial — Company · Business reference · 1 mention · first at
    Trump family company mentioned in context of poor financial decisions

Concepts & topics

  • Epstein file — Concept · Political controversy · 3 mentions · first at
    Central to allegations against Donald Trump, used as counterpoint to his public statements

Places & events

  • Great Recession — Event · Historical reference · 3 mentions · first at
    Used as a benchmark for current economic conditions, highlighting severity of job market issues
  • Davos — Place · Event setting · 3 mentions
    Location of Trump speech that was criticized, showing international reception
    Sad thing. And I tell I went over to Davos. They invited me and when I left they said that may have been the stupidest invitation we ever gave to somebody, Switzerland, but they have to I just say it like it is. They're.

Full transcript with timestamps

It has been a terrible day for Donald Trump. Some horrific economic news this morning. January layoffs surged to a 17year high. Job reports never have been this bad since the Great Recession right around 2009 when Lehman Brothers went bankrupt. US employers announced 108,435 layoffs in January alone. That's up 205% from December and the highest January total since 2009. As economist Heather Long writes, the US hiring recession shows no sign of ending. Job openings fell to 6.5 million in December, and that is the lowest level since September 2020. The hiring rate remains anemic at 3.3%. Bottom line, firms aren't even thinking about hiring right now. A new Fox poll that they just published shows that 72% of Americans feel the economy is in poor or only fair condition. That is not good at all. And Donald Trump was at a national prayer breakfast this morning while all of this was taking place, ranting and raving like a maniac,

saying everything is amazing and saying that the 2020 election was rigged. Here, play this clip. And I said, you know, this is a really smart guy. If I ever get this thing, I got to get it. Wasn't easy. You know, they rigged the second election. I had to win it. Had to win it. I needed it for my own ego. I would have had a bad ego for the rest of my life. Now I really have a big ego though. Beating these beating these lunatics was in.

Donald Trump was also saying that in his recent trip to Davos when he gave a speech there like one of the worst speeches ever. He said everybody who invited me said why did we invite this guy here? Play this clip.

Sad thing. And I tell I went over to Davos. They invited me and when I left they said that may have been the stupidest invitation we ever gave to somebody, Switzerland, but they have to I just say it like it is. They're destroying their country. They uh their energy is ridiculous what they've done and and the immigration is I'm telling you it's a it's a place where many of these countries are not recognizable and I'd like to see them straighten it out. Very soon it's going to be impossible for them to straighten it out. We have our director of So you have that as a split screen Donald Trump ranting and raving at a prayer breakfast and then you have economists posting things like this. Sobering data sobering data from Challenger, that's the company that puts out that data on the US labor market.

Announced job cuts in January more than double year-over-year, hitting its highest level since the 2009 Great Recession. Most notably, these layoffs are occurring while GDP is growing at 4%, accelerating the decoupling of employment from economic growth. A phenomenon that if persists has profound economic, political, and social implications, meaning when people talk about decayshaped growth, which means the billionaires are making lots of money while the everybody else is suffering right now. Also, the crypto market is crashing. Crypto has lost $2 trillion in value since October 2025.

The sell-off is deepening. It's been crashing every day. It's like dropped into the 60s. As the Kobasi letter explains, it's absolutely insane what's going on in the crypto market. On October 6th, crypto markets hit a record high market cap of $4.3 trillion. And today, the crypto market is worth just $2.3 trillion, losing more than $2 trillion worth of market cap in 4 months. Most of crypto's value is being wiped out. Now, Trump's family company, World Liberty Financial, bought crypto at an all-time high. They're dumping it right now. They've sold over $5 million worth of Bitcoin right now. I guess they don't understand that you that you buy low and you sell it high and make a profit. They buy high and then they sell low and they've lost a lot of money on that transaction as well. But that's uh typical Trumpian logic right there.

Yeah, seems like there's real systemic issues going on. Back to that prayer breakfast for a moment. Donald Trump talks about how when MAGA Mike says the speaker of the house says he wants to pray, Donald Trump's like, "Can we just eat lunch? Let's play this clip.

Okay. You know, Mike Johnson's a very religious person that he does not hide it. He'll say to me sometimes at lunch, "Sir, may we pray?" say, "Excuse me, what happened lunch?" You know, the okay with me, but uh he's a very religious person and he is popular and uh he's doing an unbelievable job. So, I think God is watching over you. God is watching over him. I don't know about me. So, I hang around with him because I feel I'm protected a little bit.

And Donald Trump uses his speech at the prayer breakfast to attack Democrats. And again, I want to show you the split screen stuff. So, you have Trump attacking Democrats there. Play this clip. I don't know how a person of faith can vote for a Democrat. I really don't. And I know we have some here today. And I don't know why they're here because they certainly don't give us their vote. I certainly know that we're not going to be convincing them to vote for a little thing called voter

that's supposed to be at a bipartisan prayer breakfast where Donald Trump is doing that and the split screen is the report from CNN this morning that I similar to what I'm sharing with you right now about the economic data here. Play this clip.

Breaking just moments ago, new data showing January was the worst month for job cuts since the 2009 great recession. CNN senior reporter Matt Eaggan is joining me now. What else is this report telling you?

Yeah, Sarah, look, this is a bad way to start 2026, right? Layoffs way up, hiring way down. So, Challenger Gray and Christmas reports that during the month of January, US-based employers announced just over 108,000 layoffs. Now, that is roughly double January of 2025 and roughly triple the end of last year. In fact hour as you mentioned this is the highest since January 2009 during the great financial crisis. Of course that was just months after the collapse of

and again split screen right you had Donald Trump saying that he's never heard about children mutilation of children and he goes that's not even a word I would know about. I stopped mutilation of children. Donald, you have 38,000 references to yourself in the Epstein Files. They may as well be called the Trump Epstein Files because you're at a national prayer breakfast. There are more references to Trump in the Epstein Files than there is to Jesus in the New Testament than there is to Harry Potter in all seven Harry Potter books. But here's what Donald Trump says about child mutilation. Here, play this clip. about and I stopped the mutilation of children.

The mutilation, the word is mutilation. They mutilize, you know, the mutilation of children. I stopped it. Who would think if you said that 15 years ago, they say, "What the hell is he talking? Is he crazy?" Oh, and uh also turns out that not only did Melania have a nickname for Gileain, Melania called Guileain G, but Gileain had a nickname for Melania. Sweet Pea. She called Melania her sweet pee. We have more emails coming out or that we've been able to identify from the Epstein files. Sweet pee was Melania's nickname. Again, split screen.

You have former Secretary of State Hillary Clinton posting the following to Trump and MAGA Republicans like James Comr in the House Oversight Committee. Former Secretary of State Hillary Clinton says, "So, let's stop the games. If you want this fight, James Comr, let's have it in public. You want to, you love to talk about transparency, there's nothing more transparent than a public hearing. Cameras on. We will be there. For 6 months, we engaged Republicans on the oversight committee in good faith. We told them what we know under oath. They ignored it all. They moved the goalpost and turned accountability into an exercise and distraction. So, Hillary Clinton is saying, "She and former President Bill Clinton, you want to ask us about Epstein? You want to do a whole hearing on that? Let's do it. Let's do the Epstein hearing. We will be there. Will Donald be there?" I don't think so. Will Elon Musk be there? I don't think so.

Although, a federal judge did order Elon Musk to show up for a deposition in the Doge vicious destruction of USAID, which probably led to millions of deaths. It's like you do realize that, right? Like I don't want to get lost that what Doge did is probably kill millions of children around the world by taking away their medicine and taking away their food and starving kids to death and their parents to death as well. We of course will be following the hearings with the Clintons as well. Also, split screens, right? These this is all happening this morning. I'll do more wholesome videos on each of these vignettes as well.

Pat tip to Democratic Senator Ggo of Arizona. He was cross-examining Treasury Secretary Scott Bessant about the Treasury Department getting prepared to send Donald Trump a check personally to Donald, paying Donald Trump $10 billion of taxpayer money of our money because Trump says that his tax returns were leaked, by the way, with 400,000 to 500,000 other taxpayers who are not suing. And so Trump says that he's damaged $10 billion and he sued the Treasury Department. And Besson says, "I'd write that check to him. I'm going to write If Trump's DOJ says write Trump a check for $10 billion, you're stealing our taxpayer dollars. Like we should all be outraged.

He's stealing our $10 billion." Here, play this clip. But if the president prevails in this lawsuit, he's going to be able to pocket that money. Um, my question is, is the president has anyone in the president's office talked to you about this lawsuit in any regard?

Uh, they have not. And the president has said he will donate the proceeds to charity. You may have missed that.

So, no one at all has discussed this to you whatsoever. No, sir. And the president said he will.

Have you received I'm I didn't ask any more questions. Have you received any advice from Treasury's legal division about how to handle this potential conflict?

This is a Justice Department matter. They represent Treasury in it. Have someone from Department of Justice actually come and talk to you saying that this is their purview and you need to stay out of it or what what have they who who has discussed to you what is your role in this?

Our our general counsel who's sitting behind me has told me that it is a justice department matter. The justice department defends treasuries and treasury in matters like this.

Okay. So you have has been discussed with you. Do you have any final say at all in the process of this? Or is the DOJ just going to instruct you to cut a check and or settle and you have no independence to actually make a decision whether or not the president deserves $10 billion?

Uh again, that that is a DOJ matter. And so the DOJ will entirely make that decision if and whether or not the president should receive $10 billion. You have no say at all.

Correct. So you will just have to write the check if you were told to write the check.

Correct. and you would write the check willingly if you were told by a DOJ to the president.

I I I will follow the law senator. Okay. I mean I think for many of us this is very simple and I think if if this had been happening in any other countries through the book an absolute like a total uh shakeddown uh of the American taxpayer are you also so one of the things that I proposed as well is well let's say there's 40,000 other individuals who are subject to a data leak of their tax returns. If all 40,000 people sued for10 billion dollars, okay, that would be over $400 trillion dollars and then our entire government would go absolutely bankrupt if everybody did the same lawsuit. It's actually more people's tax returns got leaked. It's probably closer to a million people. It was a data breach um with other people aren't suing, but if everybody else sued for$10 billion, do the math. Do a million people suing for10 billion. Do it as a class action.

Trump's suing for $10 billion. Maybe I sue. Maybe you sue for 10 billion. We all sue the government. Why don't we all sue the government for $10 billion? That would be nice, right? That would be great. Or are they only going to pay it out to Donald? 38,000 references to Donald in the Epstein files. Leave you with some good news. Let's go to split screen. Let's go to Virginia where you have their Senate prompor, the leader of their Senate, Senator Lucas, along with their uh along with their speaker of the house, Speaker Scott, talking about how Virginia is now officially putting forward their 10:1 map, redistricting 10 to1 map in favor of Democrats. Donald Trump's gerrymander backfiring in his face. Let's play this clip.

Give me more seats. Then that's not enough. So he calls North Carolina, Missouri, Ohio. I need more. I need more. Today we are leveling the playing field. There are not these are not ordinary times and Virginia will not sit on the sidelines while it happens. We made a promise to level the playing field and today we're keeping our promise. Our maps are ready. Virginia is ready. We said 101 and we meant it. And we are proud to deliver a map that stands up for democracy to stand up Virginiaians to stand up and give us a voice. He started this method. Virginia is going to finish it.

Virginia to the rescue. Senator Lucas said it best. We've been working really hard to make sure that we got this delivered. This is about leveling the playing field. Across the country, Republicans are gerrymandering maps to override the will of the voters. We just saw it in Texas, North Carolina, and Missouri. At Donald Trump's direction, they're manipulating election maps because they know they can't win on their agenda in 2026. So instead of changing their ideas, they're trying to rig the system. A 10-1 map levels the playing field and we're ready to move forward. Today we are making good on our promise by releasing the maps publicly.

We're gonna get them released either by the end of the day or early tomorrow. We'll get those maps released and putting them out in the open and allowing them to be debated the way they should be in a democracy. We're going to leave it up to Virginia voters. The maps are ready. Virginia is ready. And as my senator said many times, 101 10. Thank y'all. Appreciate it.

Before 5:00 I don't know. Then I'll share this with you. Finally, at the beginning of the National Prayer Breakfast, Democratic Congress member Jonathan Jackson gave the opening speech. Watch this. Let's play it. Today, we pray for the future of this nation and that you would lead this president into greater levels of compassion for your name's sake. We pray that you would protect him from the iniquities of evil and that you would give him greater clarity, greater courage and greater capacity to do what is right and forever challenges. Today we remind him that the lives of millions of people are in his hands and that he has the power to turn mourning into dancing or to reduce the country into a cosmic elegy of chaos and suffering. And it is because of this that we pray that the best of this president would rise among us for the sake of this nation, for the sake of this world. We pray that

goodness and mercy would announce themselves in his life in new and powerful ways. We pray that he would be mindful of the poor and that the good and that he would be invested in the elevation, the alleviation of suffering happening on farms in the Midwest, in the families preparing to bury their loved ones in Minneapolis. Remind him that we are all Americans, all made in the image of God, and that none of us are free unless all of us have our freedoms protected. Many There you have it, folks. Let me know what you all think about that. Hit subscribe. Let's get to 6 million subscribers. Want to stay plugged in? Become a subscriber to our Substack at midasplus.com. You'll get daily recaps from Ron Philipki, add free episodes of our podcast, and more exclusive content only available at midasplus.com.

Questions about this episode

Who speaks in "Trump in WORLD OF HELL as ALL PLANS BACKFIRE"?

Donald Trump (Guest), Heather Long, Matt Eaggan, Jonathan Jackson.

What is "Trump in WORLD OF HELL as ALL PLANS BACKFIRE" about?

The content highlights a troubling day for Donald Trump amid dire economic news, with US layoffs reaching a 17-year high and job openings plummeting, as a significant portion of Americans perceive the economy negatively. While facing these challenges, Trump delivers erratic speeches, downplaying the crisis and reiterating claims about the 2020 election being rigged.

What is mentioned in this MeidasTouch episode?

14 people, works and ideas are mentioned, including Donald Trump, Epstein file, Great Recession, Challenger, Hillary Clinton, CNN. Each one on this page links to its own page with every episode that mentions it.

How long is "Trump in WORLD OF HELL as ALL PLANS BACKFIRE"?

The episode runs 17 min; the transcript is about 2,919 words in 34 timestamped sections.

More from MeidasTouch

About this transcript: the episode's spoken words as captioned on YouTube, split into timestamped sections. Reclip.Me locates every person, work and idea in the text, keeps the time it is first named, and quotes the words around it verbatim. Last updated February 5, 2026.