Wednesday, July 1, 2026

Wednesday Afternoon Updates: The Most Corrupt President in History — 7/1/26

                                                                      

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U.S. President Donald Trump gestures as he speaks with reporters before boarding the new Air Force One, a plane gifted by the Qatari government, at Joint Base Andrews, Maryland, U.S., July 1, 2026. REUTERS/Evan Vucci

Hi all, Ben here. It’s Wednesday. Before I start, I want to take a second away from all the news to say happy birthday to my Meidas co-founder, and most importantly, my brother, Jordy. So proud of everything we’ve built together, but even more grateful to call you my brother! Remember to like and re-stack to spread the far and wide!

Here’s what we’re tracking today:

  • Trump’s new 927-page financial disclosure shows over $1.4 billion in crypto earnings alone in 2025, plus 21,000 stock trades across eight accounts

  • Trump personally bought Micron stock three separate times in March, then this morning announced Micron is pouring $250 million into “Trump Accounts”

  • Trump held his first press conference aboard the new billion-dollar-plus Qatari Air Force One

  • Trump says he told acting DNI Bill Pulte to “declassify whatever you want”

  • Trump claims things are “going very well” with Iran after we “hit them very hard for three nights”

  • Kevin Hassett is already blaming the Fed’s “libs” for potential future rate hikes

  • The Strategic Petroleum Reserve keeps hitting new lows

  • Satellite tracking shows tanker traffic through the Strait of Hormuz again going dark on the Oman route

  • JD Vance’s cringeworthy speech in front of the troops

  • Mike Huckabee called Israel America’s “436th congressional district”

  • A new emergency declaration waives duties on phosphate fertilizer imports from Morocco because domestic production can’t keep up

Before I go any further, if you haven’t yet joined as a paid subscriber, consider doing so now by clicking here to support our work. This is how we grow. It will give you access to all recaps like this, our exclusive Ask-the-Editor series, and more. Plus, it is the best way to help support the growth of this network.

Let’s get into it.

Trump’s Qatari Jet Presser

Donald Trump stood in front of his new Qatari Air Force One today to speak to the press. Qatar handed him a $400 million jet, and American taxpayers then spent well over a billion dollars renovating it. This was supposed to be the big reveal, the moment he got to show off his shiny new toy from a foreign government. Instead, a reporter asked him the one question he never wants to answer: how are you profiting off the presidency? His financial disclosures show close to $2 billion between crypto and stock trades, including 21,000 individual trades last year.

We pored through Trump’s 927-page disclosure, and there is a detail buried within that nobody’s talking about yet, and it involves a company that just announced it’s “investing” a quarter billion dollars into something called Trump Accounts. Let me explain.

The Micron Story Nobody’s Connecting Yet

Buried in the pages of Trump’s financial disclosure are three separate stock purchases of Micron Technology, all unsolicited, all made in March of this year. One for $100,000 to $250,000. Another for $50,000 to $100,000. A third for $15,000 to $50,000. A president personally buying up shares in a semiconductor company, months before anything newsworthy happened.

Then this morning, Trump posted on Truth Social that Micron will be investing $250 million into Trump Accounts, calling it a “HISTORIC” investment from Micron’s “fantastic CEO” and declaring this the “GOLDEN AGE OF AMERICA.”

So to backup and run through the timeline: The president buys Micron stock in March. Months later, Micron announces a quarter-billion-dollar commitment tied directly to a Trump-branded financial product.

“I’m Profiting Because Everybody’s Profiting”

When a reporter pressed Trump directly on the disclosures showing nearly $2 billion in crypto and stock earnings, his answer was almost a parody of itself. He said he’s profiting because the stock market is going up, that everybody’s profiting, that if you have a 401k it’s up 85 percent, so really, thank him. He said he doesn’t get involved in his personal finances, that it’s all run through a blind account, that he never speaks to the people managing his money.

Except the disclosure itself tells a different story. The graph making the rounds shows individual stock trades by presidents since 1990. Every president going back to George H.W. Bush made zero individual trades while in office. Zero. Trump’s first term saw 50. His second term, so far, sits at 3,642. That’s not a blind trust. That’s a man actively trading the market from inside the Oval Office, averaging about 80 trades a day.

And the crypto numbers are even more staggering. $635 million from the TRUMP memecoin, even as everyday people who bought in watched it crater from $74 to $1.68 and 764,000 wallets ended up underwater. Another $594 million from World Liberty Financial, the crypto venture he co-founded with his own sons. $65 million more from selling equity in that same company. Over $80 million in media settlements from ABC, CBS, Meta, and YouTube, funneled into his presidential library. His net worth has nearly tripled since he took office, from $2.4 billion to $6.3 billion. While the people who trusted his memecoin lost their shirts. How could ANYONE be okay with this blatant corruption?

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Back to the Jet

Speaking of corruption, back to that jet for a moment. When a reporter asked what it actually cost American taxpayers to bring the Qatari plane up to presidential standard, Trump’s answer was that it cost “very little relative to what it would cost if we did it a different way.” I’ve read that sentence a dozen times now and I still can’t tell you what it means, and I don’t think he can either. What I can tell you is that estimates on the renovation have run well over a billion dollars, funded by us.


“Declassify Whatever You Want”

While all this was happening, Trump also revealed that he told acting Director of National Intelligence Bill Pulte, a man with no national security background and no security clearance process behind him, to go ahead and “declassify whatever you want.” Pulte is only in the role temporarily until Jay Clayton gets through his confirmation process, but in the meantime, he apparently has a blank check to release whatever classified material he feels like. Pulte, who has acted as Trump’s hatchet man, is also continuing to threaten Trump’s political enemies. Just yesterday, following the Supreme Court decision that Lisa Cook cannot be fired by Trump from the Fed Board, Pulte warned that Cook would likely be indicted. This is the stuff of banana republics.

Iran, the Tankers, and the Reserve Running Dry

Trump insists things are “going very well” with Iran, that after hitting them “very hard for three nights,” we’re now getting along fine. But the data tells a more complicated story. Tanker traffic through the Strait of Hormuz over the last 24 hours shows the Oman route has gone completely dark, with inbound traffic funneling through routes controlled by Iran instead. Meanwhile, our Strategic Petroleum Reserve just fell to its lowest level since 1983. And even as crude oil prices get pushed down, the price at the pump isn’t following.

Iran’s foreign minister, Abbas Araghchi, responded to comments from Israeli officials about Iran’s supreme leader being “marked for death” with a warning of his own, accusing the U.S. of “muzzling its pets in Tel Aviv” and promising a powerful response to any threat. This is what “going very well” looks like right now.

Hassett’s Excuses, Pre-Loaded

National Economic Council Director Kevin Hassett went on Fox Business to reassure everyone that the factories are coming, the jobs are coming, prosperity is right around the corner, just like it’s been right around the corner since day one, then the fourth quarter of last year, then the first quarter of this year. Now it’s the second half of this year. Maybe 2027. You’ll get rich soon, just you wait! Trust in Trump!

But the more telling part of Hassett’s interview was him laying the groundwork for the next excuse. He brought up the Supreme Court’s liberal justices’ votes this week, then pivoted to worrying aloud about “libs” on the Federal Reserve raising interest rates and blowing up the whole plan. Never mind that Jerome Powell, the man he’s implicitly warning about, was Trump’s own appointee back in 2017. This is the setup. When the promised boom doesn’t arrive, you’ll hear that it was the Fed’s fault, not theirs. When interest rates rise, they won’t attribute it to rising inflation due to Trump’s tariffs and wars. They’ll blame the Fed. Trump always needs a scapegoat. Nothing is ever his fault. See: the Reflecting Pool, the Great American State Fair, the Kennedy Center, high gas prices, January 6th, the COVID response… I can keep going. But we have more to get to.

Vance Flops With the Troops, Huckabee Makes Israel a Congressional District

JD Vance tried out some material in front of service members, joking about junior enlisted troops having to salute him now and mocking Joe Biden. The response was silence. Not laughter, not groans, just nothing. Trump, Vance, and everyone in this regime continue to politicize the U.S. military.

And Mike Huckabee, our ambassador to Israel, told a crowd that Israel is essentially America’s 436th congressional district, since it has roughly the population of one.

Don’t Let This Slip By

Also tucked into today’s news: a new emergency declaration temporarily waiving duties on phosphate fertilizer imports from Morocco, because domestic production can’t keep up with what our farmers actually need. Just another quiet admission of how much strain is under the surface of the U.S. economy, and an issue directly linked to Trump’s illegal war.

One More Thing

In offbeat news, in New York, two masked climbers scaled to the very top of the Empire State Building’s antenna at noon Wednesday, unfurling a banner that read “when the power of love beats the love of power, the world knows peace.” After NYPD’s Emergency Services Unit responded, the pair took the banner down and climbed to a lower platform, where one got down on one knee and proposed. They were later identified as Angela Nikolau and Ivan Beerkus, previously featured on Netflix’s Skywalkers: A Love Story. Both were taken into custody; charges are pending, and no injuries were reported. Never a dull day.

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Thanks for reading, and thanks for being here with us. Again, Happy Birthday Jordy! And shoutout to the Meidas Mighty!


Ask the Editor-in-Chief: SCOTUS Blows Up Another Precedent + More — 6/29/26

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Jun 30
Ask the Editor-in-Chief: SCOTUS Blows Up Another Precedent + More — 6/29/26

This week’s Ask the Editor in Chief, featuring MeidasTouch DC correspondent Pablo Manríquez and of course Editor in Chief Ron Filipkowski, ran through five questions submitted by the Meidas+ Substack community. The most pressing topic revolved Supreme Court’s decision in

Watch now


Top MAGA rep flips America the bird in July 4 brag

                                                                     

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Daily Dose of Democracy

Expand the Supreme Court!


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House Republican brags about July 4th feast and tells struggling Americans that "maybe" they "don’t work as hard" as him

What's that? Can't afford a decadent lobster tail and ribeye feast this Fourth of July, what with the runaway costs of basically everything, including lobster tail and ribeye? Well, that's obviously because you haven't worked as hard as Texas Republican Troy Nehls, who had incredibly curious thoughts when asked by Meidas Touch's Pablo Manríquez, "How do House Republicans make the case that you’re fighting for affordability when you go back to your districts?"

"Affordability? What are you talking about?" Nehls then shared his weekend plans: "I'm gonna get me a couple of big lobster tails, I'm gonna get me some nice ribeyes, I'm gonna sit in my backyard with my family, my neighbors, and we're going to be enjoying the Fourth, celebrating 250 years, the birthday. We're gonna be celebrating the greatest president of my lifetime, Donald J. Trump..."

When Drop Site News' Julian Andreone asked Nehls if he thought the "60% of Americans who are living paycheck to paycheck" could also afford lobster tails and ribeyes, the MAGA Republican shot back, "Maybe not. Maybe the 60% of Americans don't work as hard as I do either." Any questions?


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VIDEO OF THE DAY: Supreme Court retirement news surges into the spotlight

Yesterday morning NPR issued — then immediately retracted — a bombshell report that Justice Samuel Alito was retiring from the Supreme Court he has spent that past 20 years delegitimizing with one disastrous, right-wing opinion after another. While NPR's Nina Totenberg promptly took responsibility for the erroneous report, calling it a "rookie mistake," the story nonetheless sent shockwaves throughout the beltway and beyond, as speculation of an impending SCOTUS retirement was already running high.

We'll chalk this one up to an unfortunate case of premature evacuation. It can happen to anyone, folks.

Take Action: Keep ICE out of our polling stations!


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BREAKING: Alaska Senate race shifted from "Lean Republican" to "Tossup!"

Mary Peltola for Alaska: Former Congresswoman Mary Peltola sent shockwaves through American politics when she won the only congressional seat in deep-red Alaska in 2022. Now she’s running for the US Senate seat held by MAGA millionaire Dan Sullivan - and the race has just been shifted from "lean Republican" to "Toss-up!" A proven winner like Peltola with an Alaska First platform of “fish, family, and freedom” is just the candidate we need to flip this critical seat and retake the Senate. Will you chip in to help push her over the finish line?


Trump filing shows he took in about $1.2 billion from crypto businesses last year
Grifters gonna grift, grift, grift, grift, grift.

Take Action: Stop the Trump family cryptocurrency grift!


Mike Johnson accidentally tanks Defense budget bill over SAVE Act
Pipsqueaker of the House Mike Johnson keeps coming up with inventive new ways to tank Donald Trump's most favored pieces of legislation, this time anchoring the deeply unpopular election-steal scheme known as the "SAVE" Act to the wildly bloated $1.15 trillion National Defense Authorization Act. A procedural vote in the House failed handily by a 198–224 margin yesterday, as 14 Republicans joined Democrats to oppose the last-minute addition of the president's voter restriction bill to the proposed Pentagon budget.


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SORRY TO ADD MY COMMENT - IS NAZI STEPHEN MILLER TAKING ANYTHING FOR HIS DELUSIONS? POOR NAZI JUST HALLUCINATES AND MAKE STUFF UP!  


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Stephen Miller makes appallingly racist comments about foreign pregnant women

Flagging White House Deputy Chief of Staff Stephen Miller for being a vile racist is not unlike calling out the Sun for being hot, but all the same, the xenophobic bile he vomited into the public record yesterday is no less appalling.

Speaking to fellow gutter troll Jesse Watters on Fox News yesterday, Miller took issue with the Supreme Court's ruling upholding constitutionally protected birthright citizenship and said the Trump regime would be taking a hard look at whether or not pregnant women from other countries would be allowed to visit or enter the United States going forward.

Miller then insinuated that undocumented immigrants come to the United States for the express purpose of giving birth to babies who then collect and send welfare checks back home to "support a whole family in the third world" for the rest of their lives — a wild accusation that says orders of magnitude more about the cancerous malcontent than the countless people he gleefully disparages.


GOP Rep. Tom Kean returns to Congress after mysterious, four-month absence
Two-term Republican Rep. Tom Kean (NJ), who is running for reelection in November, finally returned to the Capitol yesterday after a previously unexplained, four-month-long absence, citing a depression diagnosis. Speaking on the House floor, Kean said he owed his constituents, colleagues, and the American people an explanation, then took no questions from the press or bothered to explain why he chose to hide the reason for his absence until yesterday.

Interestingly, Kean's diagnosis did not stop him from actively trading stocks or collecting his taxpayer-funded salary during his mysterious leave, a curiosity New Jersey Democrats were quick to point out.


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Pre-order Brian Tyler Cohen's new book today!

The Day After: Some exciting news from our friend, Brian Tyler Cohen. His new book, The Day After, is now available for pre-order! The book explores how Republicans have abused power, how Democrats have failed to effectively wield it, and finally, what Democrats must do when they get power back. It's a blueprint for progressives who are not satisfied with the status quo. Please support independent media by pre-ordering here — and grab tickets to his book tour in NYC, DC, Chicago, San Francisco, or LA.


Reflecting pool coating supplier’s statement on repairs conflicts with Trump’s sabotage claim
Conspicuously absent in Rhino Linings' statement on repairs to the Lincoln Memorial Reflecting Pool? Any mention of vandals, sabotage, or box cutters. The company did flag a "finish-coat separation" issue, however. Weird!


Months after he sent a critical email to ICE, agents tracked New York man to his home and a hotel
Donald Trump’s ICE goon squad spent tens of thousands of taxpayer dollars to sic federal agents on a New York father of two, tracking him across two continents — from his Rochester doorstep to a Finnish theme park where he was vacationing with his seven-year-old daughter to an airport hotel he hadn't even told his wife about — all because he sent a strongly worded email six months ago calling the ICE director a bad person, which, for the record, was and is definitely true. Nope, nothing fascistic about it.


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Trump rewrites Dec. of Independence in appalling speech

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