Speaker 1: Ray Dallio is the CEO of Bridgewater, one of the
Speaker 1: most successful hedge funds in the history of the United States.
Speaker 1: He's an investing legends. You know what he says about
Speaker 1: Trump's economy. He calls it a bubble, an overheated bubble
Speaker 1: that's getting ready to explode. And that raises a question.
Speaker 1: You may ask, what type of explosion will it be?
Speaker 1: Will it be like the Great Recession or will it
Speaker 1: be like the dot com bubble? Ray Daalio doesn't think
Speaker 1: it'll be like either of them. The bubble, he compares
Speaker 1: it to, is the Great Depression and so unattached from
Speaker 1: real value. This circle that you can clearly see and
Speaker 1: study is growing and growing and growing, and soon it
Speaker 1: will explode.
Speaker 2: This is the warning.
Speaker 1: Every Wall Street financier is taking their profits, hoping they're
Speaker 1: smart enough to jump off of the bubble before it pops.
Speaker 2: But pop it will.
Speaker 1: Now Donald Trump knows his political coalition is cracking up.
Speaker 1: In fact, you could argue that both parties are cracking up.
Speaker 1: You could argue the Republic is cracking up. And do
Speaker 1: you know what, you would be right because any country
Speaker 1: that would elect this man in two out of three
Speaker 1: elections is broken. Any Senate that would confirm this man
Speaker 1: to be its chief law enforcement officer is broken. The
Speaker 1: system hand it down over two hundred and fifty years
Speaker 1: is fundamentally broken. And you see that when Donald Trump
Speaker 1: answers a question, you see the impact of his delusion
Speaker 1: on the hard wall of reality. And you get to
Speaker 1: see the corruption of his stenographers to media who just
Speaker 1: write it all down or let him spew it all
Speaker 1: like here.
Speaker 3: Our country is rocking and rolling. We've never been the successful.
Speaker 3: They don't want to talk about it, but they're having
Speaker 3: no choice. And again, whether it's Laura or Sean or
Speaker 3: Jesse or you, you have such a good show. I
Speaker 3: watch you all the time. Sometimes they tape it and
Speaker 3: watch it. It's okay, you know. I don't know what
Speaker 3: they call it today. They used to call it TiVo.
Speaker 3: Maybe they still do. And here four or one case
Speaker 3: are the highest they've ever been by double and triple yep.
Speaker 3: And then I read where we're doing badly on the economy.
Speaker 3: I just by the way job numbers. We have more
Speaker 3: people working in the United States today than ever in history.
Speaker 3: We're doing an unbelievable job. Costs are coming way down.
Speaker 2: I inherited.
Speaker 3: You know, they talk about costs. I inherited very very
Speaker 3: high costs, and they're all coming down. The food, the groceries,
Speaker 3: it's all coming down. We've done a great job.
Speaker 4: You know.
Speaker 3: I think we should be given an eight plus on
Speaker 3: the economy, but I think that's coming not true.
Speaker 2: But the way and yes, here, what's your big message?
Speaker 2: You want to leave one takeaway with this crowd? What
Speaker 2: is it? So?
Speaker 3: Tariffs have been incredible. We've taken in hundreds of billions
Speaker 3: of dollars. Supreme Court gave us a little shot. But
Speaker 3: we're allowed to do it in a different manner, they
Speaker 3: said that, But we are anywhere regardless.
Speaker 2: We have the law.
Speaker 1: I remember the first time, as a little kid that
Speaker 1: I met a member of Congress.
Speaker 2: It was exciting.
Speaker 1: They were bigger than life, though I would come to
Speaker 1: understand as I got older they weren't.
Speaker 2: But the office. There's a dignity to it, this idea
Speaker 2: that some.
Speaker 1: Number of hundreds of thousands of Americans elect from their.
Speaker 2: Community one of their own and send them.
Speaker 1: To Washington to vote. It's the lifeblood of the Republic.
Speaker 1: The service in the House of Representatives used to be
Speaker 1: an honorable calling But how can it be when there
Speaker 1: is the son in law of Ohio Senator Bernie Moreno
Speaker 1: sitting in the House of Representatives, who is alleged to
Speaker 1: have beaten his wife, held a gun on her, scolded
Speaker 1: her with boiling water, and broke in the collar bone
Speaker 1: of a two year old baby.
Speaker 2: He's in Congress and until.
Speaker 1: This week his father in law picked quiet in the
Speaker 1: Republican Party over the safety of his daughter. Would not
Speaker 1: speak to the unfitness of his son in law, the
Speaker 1: Ohio congressman. But here's what John Thune, the Senate leader,
Speaker 1: said about him, and.
Speaker 5: One of the members of your conference, Senator Bernie Marino,
Speaker 5: is publicly calling on Maximowa's former son in law to
Speaker 5: resign from congressman these allegations. You side with Senator Bernie Marino,
Speaker 5: and should Maximilla resign?
Speaker 6: I just wanted it's a very sad and unfortunate case.
Speaker 6: It is a family matter, and I just I don't
Speaker 6: have any observations.
Speaker 1: Beyond that the depravity is getting old. Wouldn't you say,
Speaker 1: why can't these people look at the themselves in the
Speaker 1: mirror and ever see that person saying enough, do the
Speaker 1: right thing for once, for Christ's sakes, johndone would be
Speaker 1: the first to give you a lecture about how the
Speaker 1: Republican Party is the party of Jesus. But I guess
Speaker 1: not when it comes to breaking the collar bones of
Speaker 1: two year olds.
Speaker 6: Because there is a police report from the suspected child
Speaker 6: of whose incident in February involving your daughter, and that
Speaker 6: report details that the child protection team says that your
Speaker 6: child had to write classical fracture end quote, a bruise
Speaker 6: that accompanies the injury that appears to be in a
Speaker 6: handprint and appears to have been inflicted unquote. Now, your
Speaker 6: ex wife stated to police that your child told her
Speaker 6: in the days leading up to the discovery of the
Speaker 6: injury quote, daddy kill you. And your ex wife also
Speaker 6: said your child had said Daddy angry and Daddy's house
Speaker 6: is scary. Now, according to your wife, your daughter articulated
Speaker 6: these statements to Children and Family Services. So can you
Speaker 6: explain why your child may have said those things?
Speaker 4: Jack, I wish you could talk to my beautiful baby girl.
Speaker 4: She can't string together sentences like that. She's two and
Speaker 4: a half years old. She doesn't have the ability to
Speaker 4: articulate any of what you just said that is an
Speaker 4: entire fabrication of the truth. I have actual video, actual documentation.
Speaker 6: Didn't you just tell me that Rue told me that
Speaker 6: she had said that she was scared to go to
Speaker 6: Mommy's house.
Speaker 2: She knows and I have video of it.
Speaker 6: And now you're saying that she's not capable of saying,
Speaker 6: Daddy kill you. I mean, it seems like she's either
Speaker 6: able to say one but not the other. That doesn't
Speaker 6: make sense.
Speaker 1: This is a moment where the economy is readying for
Speaker 1: an implosion, where America is losing a war, where the
Speaker 1: whole of our.
Speaker 2: Civilization is cracking.
Speaker 1: Because an eighty year old man who loves his gold
Speaker 1: and his power doesn't think you deserve a say anymore.
Speaker 1: He'll decide, and his thugs that tell him he's great,
Speaker 1: a genius who get to dance.
Speaker 2: On the Mara Lago patio. They're all in for it.
Speaker 2: Know this. The America that Donald.
Speaker 1: Trump rose to prominence in is gone because that Donald
Speaker 1: Trump who took power killed it. And now we have
Speaker 1: a choice about whether we're going to be for something
Speaker 1: better or we just let the catastrophe come, lying flat
Speaker 1: waiting for it to roll over us.
Speaker 2: All no thanks.
Speaker 1: There are less than one hundred days to the election,
Speaker 1: and there is but one question.
Speaker 2: It is not about.
Speaker 1: Any individual Democratic candidate, because man, oh man, do they
Speaker 1: have some terrible ones. It is about one thing, putting
Speaker 1: a check on the power of this man before he
Speaker 1: steps on your new And this is the warning.
Speaker 2: I'm Steve Schmidt. This is the warning.
Speaker 1: I invite you to join this community where I promise
Speaker 1: to be honest, blunt and direct about what is happening
Speaker 1: in this country. America is in crisis. Follow and subscribe
Speaker 1: to this channel and on substack. Become a member today
Speaker 1: and gain special access including badges and free content and more.
Speaker 2: Thank you for your support.