1 00:00:00,160 --> 00:00:04,880 Speaker 1: It is Thursday, November sixth This is the warning, and 2 00:00:04,920 --> 00:00:08,600 Speaker 1: the American economy is melting down. But the good news 3 00:00:08,720 --> 00:00:12,120 Speaker 1: is Trump has learned a new word. It's a big one. 4 00:00:12,440 --> 00:00:13,600 Speaker 1: It's affordability. 5 00:00:13,880 --> 00:00:16,560 Speaker 2: And the country is doing work very well. But as Republicans, 6 00:00:16,600 --> 00:00:18,840 Speaker 2: you have to talk about it because if you don't 7 00:00:18,840 --> 00:00:20,520 Speaker 2: talk about it. You know, I saw that they kept 8 00:00:20,520 --> 00:00:24,320 Speaker 2: talking about affordability. Well, Biden was a disaster with affordability. 9 00:00:24,320 --> 00:00:26,439 Speaker 2: He had the highest inflation rate in the history of 10 00:00:26,480 --> 00:00:28,760 Speaker 2: our country. But you have to talk about it. It's 11 00:00:28,800 --> 00:00:30,639 Speaker 2: no good if we do a great job and you 12 00:00:30,680 --> 00:00:32,800 Speaker 2: don't talk about it. And I don't think they talk 13 00:00:32,840 --> 00:00:34,640 Speaker 2: about it enough. You know, they have this new word 14 00:00:34,680 --> 00:00:37,040 Speaker 2: called affordability, and they don't talk about it enough. The 15 00:00:37,800 --> 00:00:41,640 Speaker 2: Democrats did, and the Democrats make it up because we 16 00:00:41,720 --> 00:00:42,760 Speaker 2: took over a mess. 17 00:00:44,360 --> 00:00:47,640 Speaker 1: Now it's not something that Donald thinks about very often, 18 00:00:47,920 --> 00:00:50,640 Speaker 1: at least not in the context of the way that 19 00:00:50,760 --> 00:00:55,120 Speaker 1: normal Americans do. Donald thinks about affordability and increments of 20 00:00:55,520 --> 00:01:00,000 Speaker 1: hundreds of millions of dollars in cash and billions and bigcoin. 21 00:01:00,360 --> 00:01:04,000 Speaker 1: But at any rate, let's watch Donald connect to the 22 00:01:04,080 --> 00:01:09,280 Speaker 1: concerns of the average Americans who just repudiated him and 23 00:01:09,360 --> 00:01:13,400 Speaker 1: his sick Maga party from coast to coast by mentioning 24 00:01:13,440 --> 00:01:18,160 Speaker 1: the presence of a beautiful you guessed that Saudi princess 25 00:01:18,200 --> 00:01:19,000 Speaker 1: in the audience. 26 00:01:19,560 --> 00:01:20,120 Speaker 3: What's happening? 27 00:01:20,160 --> 00:01:25,119 Speaker 2: Grocery prices are way down and Walmart? Walmart just announced 28 00:01:25,120 --> 00:01:28,440 Speaker 2: at the cost of their standard Thanksgiving meal, this is 29 00:01:28,480 --> 00:01:33,000 Speaker 2: the greatest, their greatest, They're wonderful. They come out every 30 00:01:33,080 --> 00:01:36,600 Speaker 2: year with how much does the thanks Giving meal costs 31 00:01:36,600 --> 00:01:37,640 Speaker 2: compared to last year? 32 00:01:37,760 --> 00:01:37,960 Speaker 3: Right? 33 00:01:38,200 --> 00:01:41,040 Speaker 2: And it always goes up up up. It's forty percent, 34 00:01:41,160 --> 00:01:45,160 Speaker 2: thirty percent more. Is twenty five percent lower than one 35 00:01:45,240 --> 00:01:48,880 Speaker 2: year ago. Isn't that great? That's a big deal, Rema, 36 00:01:49,400 --> 00:01:52,240 Speaker 2: that's our big deal. I don't know if they care 37 00:01:52,280 --> 00:01:54,680 Speaker 2: about that in Saudi Arabia, but here it means a loss. 38 00:01:55,320 --> 00:01:57,800 Speaker 2: We got the princess here from Saudi Arabia. It's got 39 00:01:57,840 --> 00:02:02,600 Speaker 2: a lot of cash, yeah, serious cash. And she's a 40 00:02:02,640 --> 00:02:05,840 Speaker 2: great person, So shere's a care about the price of 41 00:02:05,880 --> 00:02:07,240 Speaker 2: a turkey is down a little bit. 42 00:02:07,320 --> 00:02:09,720 Speaker 3: You know, she just have to worry now. 43 00:02:10,000 --> 00:02:15,680 Speaker 1: Ted Cruz understands what's happening. Sean Hannity does not. Sean 44 00:02:15,760 --> 00:02:21,240 Speaker 1: Hannity believes sometime in the next year, the economy, well, 45 00:02:21,600 --> 00:02:25,200 Speaker 1: it'll start to turn around, perhaps on the back of 46 00:02:25,440 --> 00:02:28,640 Speaker 1: all that investment that Howard Lutnik talks about. 47 00:02:28,960 --> 00:02:31,640 Speaker 3: Let's watch, this is the super Bowl. 48 00:02:32,160 --> 00:02:35,280 Speaker 4: This was the super Bowl of trade, right trade? And 49 00:02:35,720 --> 00:02:38,040 Speaker 4: this was it, you know, even missing was walk on 50 00:02:38,200 --> 00:02:40,840 Speaker 4: and walk off music and a halftime show. I mean, 51 00:02:40,880 --> 00:02:44,400 Speaker 4: this was it and there were fireworks all the time. 52 00:02:44,480 --> 00:02:48,960 Speaker 4: But think of some of these questions, like Justice Kavanaugh says, 53 00:02:49,080 --> 00:02:52,560 Speaker 4: imagine a meeting in the Oval Office with the president 54 00:02:52,680 --> 00:02:55,880 Speaker 4: where and this was his cross examination of their lawyer, 55 00:02:55,919 --> 00:02:59,360 Speaker 4: and he says, you've said he could embargo, he could 56 00:02:59,400 --> 00:03:02,359 Speaker 4: cut off raid with any country, and their lawyers said, 57 00:03:02,400 --> 00:03:05,120 Speaker 4: I agree. He goes, imagine telling the president in the 58 00:03:05,120 --> 00:03:08,600 Speaker 4: Oval Office, sir, you can blow up trade with this country. 59 00:03:08,800 --> 00:03:10,639 Speaker 4: And he goes, that seems too much. Can I put 60 00:03:10,680 --> 00:03:13,120 Speaker 4: a terrify on him and do a little less? And 61 00:03:13,160 --> 00:03:17,079 Speaker 4: they say, no, sir, you can. And Justice Kavanaugh says, 62 00:03:17,240 --> 00:03:19,720 Speaker 4: that seems like a very odd donut to me. I mean, 63 00:03:19,800 --> 00:03:22,480 Speaker 4: how could you let that happen? It just didn't make 64 00:03:22,520 --> 00:03:26,080 Speaker 4: sense that justices were on the president's side. You're hearing 65 00:03:26,120 --> 00:03:28,919 Speaker 4: it here from me. President Trump is going to win 66 00:03:29,280 --> 00:03:29,960 Speaker 4: this case. 67 00:03:31,040 --> 00:03:35,200 Speaker 1: The important thing to comprehend about this is it could 68 00:03:35,280 --> 00:03:39,080 Speaker 1: be fifteen trillion or twenty trillion, or twenty five or 69 00:03:39,080 --> 00:03:43,720 Speaker 1: thirty or forty or fifty trillion, zillion, jillion, gazillion. None 70 00:03:43,760 --> 00:03:47,000 Speaker 1: of the numbers are real. It's all lies. But what 71 00:03:47,320 --> 00:03:52,280 Speaker 1: is real are the layoffs the contracting job market, the 72 00:03:52,440 --> 00:03:58,240 Speaker 1: fevered speculation on Wall Street as the crypto hustlers in 73 00:03:58,320 --> 00:04:02,800 Speaker 1: the Bitcoin Bros get their last takings in before it 74 00:04:03,000 --> 00:04:07,960 Speaker 1: all falls apart. The man who was made famous by 75 00:04:08,000 --> 00:04:11,760 Speaker 1: his bet against the housing market, you guessed it, He's 76 00:04:11,760 --> 00:04:16,440 Speaker 1: placed another billion dollar bet, this time against the AI bubble. 77 00:04:16,800 --> 00:04:20,320 Speaker 1: The economy that Trump said he was going to make 78 00:04:20,360 --> 00:04:26,839 Speaker 1: great is imploding everywhere. Prices are skyrocketing, and Donald Trump 79 00:04:27,240 --> 00:04:32,159 Speaker 1: is throwing great Gatsby bashes, gutting the White House bathrooms, 80 00:04:32,640 --> 00:04:37,839 Speaker 1: and demolishing the East Wing to build his Versailles on 81 00:04:37,960 --> 00:04:41,520 Speaker 1: the Potomac, a gaudy, glitzy ballroom. 82 00:04:41,920 --> 00:04:42,640 Speaker 3: Everywhere. 83 00:04:43,080 --> 00:04:48,680 Speaker 1: There is massive corruption, everywhere, there is a license to 84 00:04:48,880 --> 00:04:53,599 Speaker 1: steal if you're a Trump crony. And yet the American people, 85 00:04:53,960 --> 00:04:57,840 Speaker 1: despite the complicity of the media, the looking away of 86 00:04:57,880 --> 00:05:03,200 Speaker 1: it from Democratic elected officials, from the Republican Congress. The 87 00:05:03,279 --> 00:05:08,560 Speaker 1: American people see it all perfectly clearly. Young people can't 88 00:05:08,560 --> 00:05:13,039 Speaker 1: afford a beer and a burger, let alone find a job. People, 89 00:05:13,400 --> 00:05:16,240 Speaker 1: whether they live in a city or whether they farm 90 00:05:16,320 --> 00:05:20,800 Speaker 1: the land, who trusted Donald Trump to know what he's 91 00:05:20,920 --> 00:05:24,320 Speaker 1: doing with the economy have had. 92 00:05:24,320 --> 00:05:26,440 Speaker 3: The rug pulled out from under them. 93 00:05:26,720 --> 00:05:30,520 Speaker 1: The truth is Donald Trump is a hustler and a 94 00:05:30,640 --> 00:05:36,240 Speaker 1: con man, a failed and bankrupt ceo, a reality television 95 00:05:36,320 --> 00:05:43,000 Speaker 1: star who has surrounded himself with yes men, weirdos, sickophants, 96 00:05:43,480 --> 00:05:44,760 Speaker 1: and guys. 97 00:05:44,640 --> 00:05:45,720 Speaker 3: Like Howard Lutnik. 98 00:05:45,920 --> 00:05:50,919 Speaker 1: The Trump economy will always be ready to explode for 99 00:05:51,040 --> 00:05:55,279 Speaker 1: you tomorrow. And when the economy doesn't come for you, 100 00:05:55,839 --> 00:05:59,360 Speaker 1: doesn't lift you up, well, Sean Hannity will be there 101 00:05:59,400 --> 00:06:03,480 Speaker 1: to tell you it'll happen soon. The truth is when 102 00:06:03,480 --> 00:06:11,640 Speaker 1: the economy contracts, when jobs disappear, when opportunity vanishes, people can. 103 00:06:11,520 --> 00:06:12,640 Speaker 3: See things clearly. 104 00:06:13,000 --> 00:06:16,160 Speaker 1: They can see and not for the first time that 105 00:06:16,200 --> 00:06:20,279 Speaker 1: they've been conned, that they've been conned by people in 106 00:06:20,360 --> 00:06:25,440 Speaker 1: a system who excel at taking things. 107 00:06:24,600 --> 00:06:27,000 Speaker 3: That don't belong to them. 108 00:06:27,320 --> 00:06:30,840 Speaker 1: During the months ahead, we're going to see some things 109 00:06:31,240 --> 00:06:35,680 Speaker 1: that haven't been seen in this country in a very 110 00:06:35,839 --> 00:06:41,120 Speaker 1: very long time. We're going to see breadlines, food lines, 111 00:06:41,560 --> 00:06:44,080 Speaker 1: and they're going to be long, and a lot of 112 00:06:44,160 --> 00:06:47,719 Speaker 1: people on those lines are going to be people that 113 00:06:47,920 --> 00:06:52,440 Speaker 1: in a billion years never conceived. 114 00:06:51,880 --> 00:06:55,440 Speaker 3: That it could be them on the line. But it 115 00:06:55,520 --> 00:06:58,800 Speaker 3: will be the fruit of the Trump conomy. 116 00:06:59,120 --> 00:07:03,320 Speaker 1: And everybody who stands against Trump has to in this 117 00:07:03,560 --> 00:07:08,320 Speaker 1: moment put down their judgments about the choices those people 118 00:07:08,400 --> 00:07:12,480 Speaker 1: made politically or otherwise to wind up in the line, 119 00:07:12,800 --> 00:07:17,680 Speaker 1: because compassion is a quality that must be called into 120 00:07:17,760 --> 00:07:23,239 Speaker 1: service to defeat MAGA, to defeat Trumpism. So many people 121 00:07:23,480 --> 00:07:27,400 Speaker 1: who trusted Donald Trump are about to have their lives 122 00:07:27,680 --> 00:07:30,600 Speaker 1: obliterated as a price of that trust. 123 00:07:31,040 --> 00:07:32,720 Speaker 3: Watch Donald's here, and. 124 00:07:32,680 --> 00:07:35,720 Speaker 2: I'm pleased to report that today the United States has 125 00:07:35,720 --> 00:07:39,400 Speaker 2: the strongest economy, the strongest borders, the strongest military, the 126 00:07:39,440 --> 00:07:44,320 Speaker 2: strongest friendships, and the strongest spirit of any nation anywhere. 127 00:07:44,320 --> 00:07:46,680 Speaker 2: We have the greatest economy right now. A lot of 128 00:07:46,680 --> 00:07:49,240 Speaker 2: people don't see that, but if you look at what's 129 00:07:49,280 --> 00:07:52,480 Speaker 2: happening with all the factories AI auto plans all over 130 00:07:52,520 --> 00:07:55,880 Speaker 2: the country being built, that if you would have thought 131 00:07:55,880 --> 00:07:58,560 Speaker 2: about that two or three years ago, it was the opposite. 132 00:07:58,600 --> 00:08:01,200 Speaker 2: They were all leaving now they're all come in, they're. 133 00:08:01,040 --> 00:08:02,520 Speaker 3: All coming back, and then some. 134 00:08:03,640 --> 00:08:05,680 Speaker 2: And I think that we can honestly say, and I 135 00:08:05,680 --> 00:08:07,400 Speaker 2: think you're going to see it even more so over 136 00:08:07,440 --> 00:08:10,840 Speaker 2: the next twelve months, that this is the golden age 137 00:08:10,880 --> 00:08:14,960 Speaker 2: of America. This is the golden age. 138 00:08:17,600 --> 00:08:22,040 Speaker 1: It is perfectly clear the economy is crashing. Trump doesn't care. 139 00:08:22,520 --> 00:08:25,320 Speaker 1: People are going to suffer this winter, and there's one 140 00:08:25,400 --> 00:08:30,160 Speaker 1: year to go until we can repudiate this lock stock 141 00:08:30,560 --> 00:08:34,640 Speaker 1: and barrel, and we will. This is the warning. I'm 142 00:08:34,679 --> 00:08:37,840 Speaker 1: Steve Schmidt. This is the warning. I invite you to 143 00:08:37,920 --> 00:08:41,720 Speaker 1: join this community where I promise to be honest, blunt 144 00:08:41,960 --> 00:08:45,800 Speaker 1: and direct about what is happening in this country. America 145 00:08:46,120 --> 00:08:49,720 Speaker 1: is in crisis. Follow and subscribe to this channel and 146 00:08:49,800 --> 00:08:50,599 Speaker 1: on substack. 147 00:08:50,800 --> 00:08:57,240 Speaker 3: Thank you.