1 00:00:00,240 --> 00:00:02,440 Speaker 1: It is Thursday, May twenty ninth. 2 00:00:02,640 --> 00:00:09,920 Speaker 2: This is the warning Taco Trump always chickens out. That's 3 00:00:09,960 --> 00:00:14,760 Speaker 2: the new faith that Wall Street traders bet billions and 4 00:00:14,920 --> 00:00:19,239 Speaker 2: billions of dollars on. They look for patterns that are 5 00:00:19,280 --> 00:00:23,880 Speaker 2: predictable for the edge, to know what's going to happen next, 6 00:00:24,040 --> 00:00:27,480 Speaker 2: so in a split second they can place the bet 7 00:00:27,960 --> 00:00:33,400 Speaker 2: and take the profit. And the one enduring absolute when 8 00:00:33,479 --> 00:00:37,239 Speaker 2: it comes to Donald Trump and his regime is their 9 00:00:37,400 --> 00:00:43,520 Speaker 2: talent in that great American colloquial expression for chickening. 10 00:00:43,080 --> 00:00:46,040 Speaker 1: Out buck buck buck goes. 11 00:00:45,760 --> 00:00:49,919 Speaker 2: The chicken now a tasty bird, for sure, but a 12 00:00:49,960 --> 00:00:54,680 Speaker 2: dirty bird and a contemptible one compared to the mighty 13 00:00:54,760 --> 00:00:58,600 Speaker 2: eagle that Donald Trump is trying to clip the wings 14 00:00:58,640 --> 00:01:04,600 Speaker 2: of with his orf corruption and incompetence, and his imposition 15 00:01:05,160 --> 00:01:10,960 Speaker 2: of surrender and weakness on the American government, and crises 16 00:01:11,080 --> 00:01:16,200 Speaker 2: after crises of his own making, born from his stupidity, 17 00:01:16,480 --> 00:01:21,400 Speaker 2: from his idiocy, from his ignorance. And so it came 18 00:01:21,480 --> 00:01:25,080 Speaker 2: to be that in the White House we saw the 19 00:01:25,120 --> 00:01:29,520 Speaker 2: best of what journalism is supposed to be when a 20 00:01:29,560 --> 00:01:35,640 Speaker 2: young reporter fearlessly from CNBC asked Donald Trump to respond 21 00:01:36,080 --> 00:01:40,920 Speaker 2: to his legend to his reputation on Wall Street, amongst 22 00:01:40,920 --> 00:01:44,319 Speaker 2: the traders, amongst the tough guys from the movies like 23 00:01:44,440 --> 00:01:47,480 Speaker 2: Wall Street, where Trump looked at himself in the mirror 24 00:01:47,640 --> 00:01:51,400 Speaker 2: so long ago and saw a version of Gordon Gecko. 25 00:01:51,760 --> 00:01:56,360 Speaker 2: Those guys know the truth about Donald Trump, and they 26 00:01:56,480 --> 00:01:57,920 Speaker 2: bet billions on it. 27 00:01:58,160 --> 00:02:00,960 Speaker 1: Trump always checked out. 28 00:02:01,200 --> 00:02:04,240 Speaker 2: Now Trump doesn't understand the question at first. 29 00:02:04,480 --> 00:02:07,920 Speaker 1: Let's watch, mister president. Wallster analysts have coined a new 30 00:02:08,000 --> 00:02:11,040 Speaker 1: term called the taco trade. They're saying, Trump always chickens 31 00:02:11,040 --> 00:02:11,880 Speaker 1: out on the. 32 00:02:11,960 --> 00:02:14,320 Speaker 3: Tariff threats, and that's why markets are hired this week. 33 00:02:14,480 --> 00:02:15,480 Speaker 1: What's your response to that? 34 00:02:15,760 --> 00:02:19,679 Speaker 3: I kick out, kick it out. Oh, then I check 35 00:02:19,720 --> 00:02:21,680 Speaker 3: it out. I've never heard that. You mean, because I 36 00:02:21,760 --> 00:02:24,760 Speaker 3: reduced China from one hundred and forty five percent that 37 00:02:24,840 --> 00:02:27,400 Speaker 3: I set down to one hundred and then down to 38 00:02:27,480 --> 00:02:30,080 Speaker 3: another number, and I said, you have to open up 39 00:02:30,120 --> 00:02:35,120 Speaker 3: your whole country, And because I gave the European Union 40 00:02:35,320 --> 00:02:40,360 Speaker 3: a fifty percent tax uh tariff. And they called up 41 00:02:40,400 --> 00:02:42,919 Speaker 3: and they said, please, let's meet right now, Please, let's 42 00:02:42,960 --> 00:02:45,680 Speaker 3: meet right now. And I said, okay, I'll give you 43 00:02:46,360 --> 00:02:48,920 Speaker 3: till Jan nine. I actually asked them, I said, what's 44 00:02:48,960 --> 00:02:51,640 Speaker 3: the date, because they weren't willing to meet, and after 45 00:02:51,680 --> 00:02:54,480 Speaker 3: I did what I did, they said, we'll meet any 46 00:02:54,520 --> 00:02:57,880 Speaker 3: time you want, and we have an end date of 47 00:02:57,960 --> 00:03:01,640 Speaker 3: July ninth. You called that chickening out. Don't ever say 48 00:03:02,200 --> 00:03:04,040 Speaker 3: what you said. That's a nasty question. 49 00:03:05,000 --> 00:03:08,920 Speaker 2: Nasty question, but it's true. The Trump shuffle, there is 50 00:03:09,000 --> 00:03:13,240 Speaker 2: always the boast, the declaration I alone can fix it. 51 00:03:13,320 --> 00:03:16,800 Speaker 2: Remember that one he would end the Russian and Ukraine 52 00:03:16,880 --> 00:03:19,160 Speaker 2: War caused by Russian aggression. 53 00:03:19,440 --> 00:03:21,600 Speaker 1: And what was it twenty four hours. 54 00:03:22,040 --> 00:03:25,360 Speaker 3: This isn't my war. This is Biden's war, Zelenski's war 55 00:03:25,440 --> 00:03:27,200 Speaker 3: and Putin's war. This isn't Trump's war. 56 00:03:27,880 --> 00:03:32,359 Speaker 2: His weakness and his breaking of the Atlantic Alliance has 57 00:03:32,440 --> 00:03:38,560 Speaker 2: incited Vladimir Putin's aggression. Vladimir Putin is doubling down. Donald 58 00:03:38,600 --> 00:03:43,080 Speaker 2: Trump has made Putin strong again by making the opposition 59 00:03:43,320 --> 00:03:48,680 Speaker 2: Putin faces weaker. By dividing the Atlantic Alliance, Donald Trump 60 00:03:48,760 --> 00:03:53,119 Speaker 2: has set a signaled of Vladimir Putin that if Putin pushes, 61 00:03:53,480 --> 00:03:57,680 Speaker 2: he's pushing into a marshmallow, that Trump will chicken out 62 00:03:57,720 --> 00:04:00,920 Speaker 2: and turn around. Let's look again and to what Trump 63 00:04:01,000 --> 00:04:05,360 Speaker 2: told the reporters in the Oval office about the Chinese tariffs. 64 00:04:05,960 --> 00:04:09,080 Speaker 3: It's called negotiation. You set a number, and if you 65 00:04:09,120 --> 00:04:10,800 Speaker 3: go down, you know, if ICE set a number at 66 00:04:10,800 --> 00:04:13,880 Speaker 3: a ridiculous high number and I go down a little bit, 67 00:04:14,000 --> 00:04:16,240 Speaker 3: you know, a little bit. They want me to hold 68 00:04:16,279 --> 00:04:19,800 Speaker 3: that number, one hundred and forty five percent tariff even. 69 00:04:19,880 --> 00:04:22,040 Speaker 3: I said, man, that really got up. You know how 70 00:04:22,040 --> 00:04:24,960 Speaker 3: it got because of fent and all and many other things, 71 00:04:24,960 --> 00:04:27,960 Speaker 3: and you edit it up. I said, where are we now? 72 00:04:28,080 --> 00:04:30,279 Speaker 3: We're at one hundred and forty five percent? I said, whoa, 73 00:04:30,520 --> 00:04:34,359 Speaker 3: that's hi. That's why they were doing no business whatsoever. 74 00:04:34,360 --> 00:04:35,760 Speaker 3: And they were having a lot of problems. We were 75 00:04:35,839 --> 00:04:36,719 Speaker 3: very nice to China. 76 00:04:37,200 --> 00:04:41,880 Speaker 2: It was started by his unilateral declaration and then his 77 00:04:42,080 --> 00:04:47,080 Speaker 2: unilateral retreat. He started the war for the purposes of retreating. 78 00:04:47,400 --> 00:04:52,440 Speaker 2: It was an act of aggression before a premeditated surrender 79 00:04:52,680 --> 00:04:56,000 Speaker 2: that was always in the cards. Trump talks about holding 80 00:04:56,040 --> 00:05:00,320 Speaker 2: all the cards. Everybody knows what's in his cards. He 81 00:05:00,400 --> 00:05:03,920 Speaker 2: makes ludicrous statements that he can't deliver on. 82 00:05:04,440 --> 00:05:07,120 Speaker 3: That is a war that's dying to be settled. I 83 00:05:07,160 --> 00:05:09,680 Speaker 3: will get it settled before I even become president. 84 00:05:10,920 --> 00:05:15,680 Speaker 1: Rushing great day, reising on. Where did they see right now? Well, 85 00:05:15,680 --> 00:05:16,760 Speaker 1: there's only half a day. 86 00:05:17,800 --> 00:05:19,279 Speaker 3: I have another half a day left. 87 00:05:19,720 --> 00:05:23,479 Speaker 2: Trump's only feared in the Republican conference, and amongst the 88 00:05:23,560 --> 00:05:27,400 Speaker 2: appeasing schumercrats, he's laughed at everywhere else in the world. 89 00:05:27,680 --> 00:05:28,919 Speaker 1: Then Trump backs. 90 00:05:28,640 --> 00:05:32,760 Speaker 2: Down over again and over again, and over and over 91 00:05:33,160 --> 00:05:33,960 Speaker 2: and over again. 92 00:05:34,400 --> 00:05:37,520 Speaker 1: And do you still believe that Putin actually wants to 93 00:05:37,600 --> 00:05:38,040 Speaker 1: end the war? 94 00:05:38,200 --> 00:05:39,919 Speaker 3: I can't tell you that, but I'll let you know 95 00:05:40,000 --> 00:05:42,240 Speaker 3: in about two weeks. Within two weeks, we're going to 96 00:05:42,279 --> 00:05:45,919 Speaker 3: find out very soon, we're going to find out whether 97 00:05:46,000 --> 00:05:49,000 Speaker 3: or not he's tapping us along or not. And if 98 00:05:49,040 --> 00:05:51,560 Speaker 3: he is, we'll respond a little bit differently. 99 00:05:52,160 --> 00:05:55,279 Speaker 2: And then he says that he's strong and the golden 100 00:05:55,279 --> 00:05:59,039 Speaker 2: ages here in America is great, when in fact, the 101 00:05:59,120 --> 00:06:03,800 Speaker 2: bill for his wrecked economy hasn't even started yet to 102 00:06:03,880 --> 00:06:09,279 Speaker 2: come due, but it will. Prices are rising, inflation is rising, 103 00:06:09,680 --> 00:06:13,279 Speaker 2: jobs are going to be cut, the real estate market 104 00:06:13,640 --> 00:06:18,760 Speaker 2: is collapsing. Trump has injected uncertainty while turning in the 105 00:06:18,880 --> 00:06:23,320 Speaker 2: country fear up with mass goons that have been sent 106 00:06:23,360 --> 00:06:27,520 Speaker 2: across the country by orders of his henchmen. Donald Trump 107 00:06:27,880 --> 00:06:32,000 Speaker 2: is an agent of chaos and fear. That's certainly true. 108 00:06:32,279 --> 00:06:36,520 Speaker 2: But he's weak and he's corrupt. He's a world class demagogue. 109 00:06:36,640 --> 00:06:39,720 Speaker 2: That doesn't change the fact that he's ignorant. He is 110 00:06:40,040 --> 00:06:44,200 Speaker 2: talented at a connection when it comes to selling grievance, 111 00:06:44,480 --> 00:06:49,240 Speaker 2: but incompetent at achieving results, and it's always been that way. 112 00:06:49,520 --> 00:06:53,919 Speaker 2: His takeaway from his first term was that being nice 113 00:06:53,960 --> 00:06:57,040 Speaker 2: to Trump means telling Trump that he's a genius at 114 00:06:57,080 --> 00:07:01,400 Speaker 2: all moments, every time anything is ever put in front 115 00:07:01,400 --> 00:07:04,280 Speaker 2: of him. Trump knows best, and he has assembled a 116 00:07:04,400 --> 00:07:09,480 Speaker 2: team of yes men and extremists and incompetence with disorders 117 00:07:09,480 --> 00:07:14,000 Speaker 2: and derangements. From Christy Noan and Steven Miller to Howard Lutneck. 118 00:07:14,320 --> 00:07:18,200 Speaker 2: All of these people are a wrecking ball riding it 119 00:07:18,240 --> 00:07:24,160 Speaker 2: into our institutions. But Donald Trump is weak and vacillating. 120 00:07:24,400 --> 00:07:29,040 Speaker 2: He wobbles, he cannot hold firm, and he will always 121 00:07:29,280 --> 00:07:35,360 Speaker 2: blink first, always back down. It is the most predictable 122 00:07:35,480 --> 00:07:39,960 Speaker 2: bet and pattern in the world. The American people delivered 123 00:07:39,960 --> 00:07:42,960 Speaker 2: this office to Donald Trump with forty nine point five 124 00:07:43,000 --> 00:07:45,560 Speaker 2: percent of the vote, about thirty two percent of the 125 00:07:45,600 --> 00:07:50,120 Speaker 2: eligible population, and difference will have a catastrophic price. But 126 00:07:50,800 --> 00:07:54,440 Speaker 2: nobody should be afraid of a man so laughed at 127 00:07:54,640 --> 00:07:58,760 Speaker 2: around the world. He's not feared outside of America. He's 128 00:07:58,800 --> 00:08:03,320 Speaker 2: a figure of mockery, in disdain anxiety, for sure. But 129 00:08:03,760 --> 00:08:07,040 Speaker 2: we could lower the anxiety of the world by facing 130 00:08:07,080 --> 00:08:10,120 Speaker 2: the problem that we allowed to fester and create here 131 00:08:10,200 --> 00:08:13,440 Speaker 2: at home, and deal with this in the election in 132 00:08:13,480 --> 00:08:18,400 Speaker 2: twenty twenty six and wipe from power the capitulent, compliant, 133 00:08:18,680 --> 00:08:22,400 Speaker 2: rubber stamp Congress that has allowed this disgrace to go 134 00:08:22,480 --> 00:08:26,120 Speaker 2: on and on and on, and to allow the catastrophe 135 00:08:26,120 --> 00:08:30,880 Speaker 2: that is unfurling to unferral. Better days are head. Stronger 136 00:08:30,880 --> 00:08:35,040 Speaker 2: men are ahead, Stronger women are ahead. Donald Trump Taco 137 00:08:35,440 --> 00:08:39,800 Speaker 2: Trump always chickens out, just like his power Elon Musk, 138 00:08:40,120 --> 00:08:44,560 Speaker 2: currently crying and in hiding because the American people have 139 00:08:44,679 --> 00:08:48,720 Speaker 2: disavowed him and hold him into contempt. He deserves just 140 00:08:48,800 --> 00:08:52,240 Speaker 2: like they will Trump and all of his henchmen as 141 00:08:52,360 --> 00:08:56,360 Speaker 2: history on ferrals as a surely will all of these people, 142 00:08:56,720 --> 00:08:59,920 Speaker 2: every single one of them, will be scorned by history. 143 00:09:00,200 --> 00:09:04,040 Speaker 2: As we all play our role in a decisive hour 144 00:09:04,360 --> 00:09:08,640 Speaker 2: where the American cause is being tested by people who 145 00:09:08,679 --> 00:09:12,160 Speaker 2: despise it, who revile it, and are trying to smash it. 146 00:09:12,360 --> 00:09:16,160 Speaker 2: Let's not let them into two hundred and fiftieth anniversary 147 00:09:16,480 --> 00:09:20,000 Speaker 2: of the year where the Declaration of Independence was signed. 148 00:09:20,200 --> 00:09:22,920 Speaker 2: Let's renew our faith in the country two hundred and 149 00:09:22,960 --> 00:09:26,280 Speaker 2: fifty years later with an act of defiance and dissent 150 00:09:26,600 --> 00:09:30,920 Speaker 2: and repudiation. Let me leave you with this from Martha's Vineyard, 151 00:09:31,080 --> 00:09:35,880 Speaker 2: an American citizen standing up to American Gestapo. Good for him. 152 00:09:36,080 --> 00:09:40,920 Speaker 2: Do not be afraid. This is the warning. I'm Steve Schmidt. 153 00:09:41,040 --> 00:09:43,640 Speaker 2: This is the warning. I invite you to join this 154 00:09:43,720 --> 00:09:48,040 Speaker 2: community where I promise to be honest, blunt and direct 155 00:09:48,360 --> 00:09:52,359 Speaker 2: about what is happening in this country. America is in crisis. 156 00:09:52,559 --> 00:09:55,959 Speaker 2: Follow and subscribe to this channel and on substack. 157 00:09:56,160 --> 00:09:58,640 Speaker 1: Thank you.