1 00:00:00,080 --> 00:00:03,360 Speaker 1: Where we last October sixth, we last met. I would 2 00:00:03,440 --> 00:00:07,760 Speaker 1: say the last week since we met was probably the 3 00:00:07,800 --> 00:00:12,479 Speaker 1: worst week for our democracy. Uh maybe you know top 4 00:00:12,560 --> 00:00:18,200 Speaker 1: five of you know, our lifetimes in terms in terms 5 00:00:18,200 --> 00:00:21,280 Speaker 1: of how now that these guys have been in power 6 00:00:21,360 --> 00:00:25,919 Speaker 1: for a while, how they are now that they've taken control, 7 00:00:26,440 --> 00:00:30,160 Speaker 1: purged people from these institutions, put their own people in power, 8 00:00:30,720 --> 00:00:35,839 Speaker 1: Now that they are turning these institutions, unleashing them on 9 00:00:36,720 --> 00:00:42,760 Speaker 1: their enemies, on democratic cities, I would say it's one 10 00:00:42,760 --> 00:00:48,320 Speaker 1: of the worst weeks that we've seen with Tisha James 11 00:00:48,360 --> 00:00:50,880 Speaker 1: was indicted on October ninth, and just like, just put 12 00:00:50,920 --> 00:00:55,120 Speaker 1: some stuff together here so we can review the week. Obviously, 13 00:00:55,320 --> 00:01:00,360 Speaker 1: Komi had his has his arraignment. The shutdown now and 14 00:01:00,440 --> 00:01:04,680 Speaker 1: I think day thirteen with unprecedented tactics that this administration 15 00:01:04,800 --> 00:01:08,200 Speaker 1: is using that previous administrations never used during a shutdown 16 00:01:08,600 --> 00:01:15,399 Speaker 1: in terms of firing people, weaponizing the probation process, all 17 00:01:15,440 --> 00:01:18,640 Speaker 1: these things that omb is all the sort of Doge 18 00:01:18,680 --> 00:01:21,560 Speaker 1: tactics that should not be done during a shutdown, but 19 00:01:21,600 --> 00:01:27,280 Speaker 1: they are saying are necessary. The Court's continuing action in 20 00:01:27,319 --> 00:01:31,959 Speaker 1: the courts narrowing Trump's domestic troop deployments, and the tale 21 00:01:32,000 --> 00:01:33,880 Speaker 1: has not been told on where that's going to end up. 22 00:01:35,680 --> 00:01:38,520 Speaker 1: And this is all sort of ramping up to Saturday, 23 00:01:39,800 --> 00:01:44,000 Speaker 1: October eighteenth for the No Kings protests. So I think 24 00:01:44,040 --> 00:01:50,320 Speaker 1: those protests are coming at a very very important time. Anyway, 25 00:01:51,040 --> 00:01:54,400 Speaker 1: That's what's been on my mind. But let's get into it. 26 00:01:55,960 --> 00:02:04,080 Speaker 2: Well. I mean, you have this growing danger heading into 27 00:02:04,120 --> 00:02:08,680 Speaker 2: a weekend where there will be multitudes of millions of 28 00:02:08,760 --> 00:02:14,919 Speaker 2: Americans on the street, engaged in descent, and that act 29 00:02:14,960 --> 00:02:21,600 Speaker 2: of descent has been labeled terrorism by a person named 30 00:02:21,639 --> 00:02:27,240 Speaker 2: Stephen Miller, who has taken recently on a number of 31 00:02:27,280 --> 00:02:32,960 Speaker 2: occasions to quoting Gobels directly while expressing his hatreds for 32 00:02:33,120 --> 00:02:41,200 Speaker 2: half the country. And so we see use of federal 33 00:02:41,360 --> 00:02:50,119 Speaker 2: power that is shocking, is abusive, is sustained by wise. 34 00:02:51,280 --> 00:02:56,600 Speaker 2: The extraordinary moment this week of Pam Bondy trying to 35 00:02:56,639 --> 00:03:01,320 Speaker 2: insinuate that the assassination of Melissa home Men and the 36 00:03:01,400 --> 00:03:10,919 Speaker 2: attacks on Democratic legislators in Minnesota was conducted by left 37 00:03:10,960 --> 00:03:17,120 Speaker 2: wing terra brace and the sum total of all of 38 00:03:17,200 --> 00:03:26,280 Speaker 2: the madness is coming coming do And we have a 39 00:03:26,440 --> 00:03:29,760 Speaker 2: couple of things happening in the country all at once. 40 00:03:29,880 --> 00:03:38,640 Speaker 2: There's one things that are occurring right now, and in 41 00:03:38,680 --> 00:03:44,440 Speaker 2: that category vividly is the massed federal thug on a 42 00:03:44,600 --> 00:03:48,560 Speaker 2: roof who pointed a weapon and fired a pepper bowl 43 00:03:48,800 --> 00:03:54,360 Speaker 2: at a priest who was who was protesting. That's that's 44 00:03:54,440 --> 00:04:02,720 Speaker 2: happening right now. The second thing that's that's happening is 45 00:04:02,760 --> 00:04:09,760 Speaker 2: that Donald Trump is suggesting that the army will flood 46 00:04:09,880 --> 00:04:17,080 Speaker 2: into America's cities because there's an insurrection underway, when there 47 00:04:17,200 --> 00:04:26,960 Speaker 2: is no insurrection happening anywhere except for, if you want 48 00:04:27,000 --> 00:04:32,200 Speaker 2: to search for insurrections, the one that he incited in 49 00:04:32,360 --> 00:04:37,760 Speaker 2: January of twenty twenty one. So you see the forces 50 00:04:37,800 --> 00:04:45,840 Speaker 2: of make believe conspiring with real military force with real 51 00:04:45,920 --> 00:04:53,760 Speaker 2: guns to put those real guns for the make believe 52 00:04:53,920 --> 00:05:00,960 Speaker 2: reasons into close proximity to American citizens pointing at them. 53 00:05:03,400 --> 00:05:09,960 Speaker 2: And you have a media that is run by the 54 00:05:10,120 --> 00:05:19,000 Speaker 2: richest people in the world, giant corporations that are scared 55 00:05:19,160 --> 00:05:32,000 Speaker 2: shitless of the administration, and the worldview that these people 56 00:05:32,200 --> 00:05:38,920 Speaker 2: share is perfectly represented by Barrie Weiss as CBS News, 57 00:05:39,880 --> 00:05:43,479 Speaker 2: which is the great threat of our time is Gretat Thornberg. 58 00:05:46,360 --> 00:05:54,600 Speaker 2: And so as we coming to this weekend. There is 59 00:05:55,120 --> 00:06:03,919 Speaker 2: chaos in this country, and the economy, day by day 60 00:06:04,000 --> 00:06:13,039 Speaker 2: by day is worsening, while Wall Street speculators, pumped up 61 00:06:13,080 --> 00:06:19,360 Speaker 2: and on by the fevered media coverage around it, are 62 00:06:19,440 --> 00:06:26,680 Speaker 2: getting their last droppings before the crash pumps, and it's coming. 63 00:06:28,120 --> 00:06:29,360 Speaker 2: That's what the data says. 64 00:06:30,480 --> 00:06:34,400 Speaker 1: You're telling you think you're you're predicting an economic crash. 65 00:06:34,440 --> 00:06:38,880 Speaker 2: Absolutely. I mean you look at you look at everything 66 00:06:38,960 --> 00:06:42,520 Speaker 2: that's happening in the in the American economy right now. 67 00:06:42,640 --> 00:06:45,800 Speaker 2: You look at the warnings that are being made. You 68 00:06:45,839 --> 00:06:50,000 Speaker 2: look at the housing market, you look at the amount 69 00:06:50,160 --> 00:06:57,080 Speaker 2: of credit card late payments, UH for closures, all of 70 00:06:57,120 --> 00:07:01,800 Speaker 2: those things that indicate the state of the real economy, 71 00:07:02,040 --> 00:07:10,320 Speaker 2: including zero job growth. You know, Trump's bitcoin delusions will 72 00:07:10,360 --> 00:07:20,560 Speaker 2: come come crashing down. I always the alliteration of Franklin 73 00:07:20,640 --> 00:07:24,200 Speaker 2: Roosevelt in that in that nineteen thirty sixth speech where 74 00:07:24,240 --> 00:07:29,560 Speaker 2: he talks about you know, twelve years the ticker and 75 00:07:29,560 --> 00:07:35,160 Speaker 2: in three years, nine years the bread lines. Yeah, it's 76 00:07:35,440 --> 00:07:37,760 Speaker 2: we're gonna We're in for tough days in America. 77 00:07:38,920 --> 00:07:41,600 Speaker 3: You could also add to that list of economic indicators 78 00:07:41,640 --> 00:07:46,880 Speaker 3: the light to gold, which is you know, it's it's 79 00:07:47,080 --> 00:07:49,120 Speaker 3: it's I think it's one of the highest value and 80 00:07:50,920 --> 00:07:54,400 Speaker 3: also to things like like crypto people are looking for safety. 81 00:07:54,640 --> 00:07:58,000 Speaker 3: The Treasury treat the you know, Treasury secretary for what 82 00:07:58,040 --> 00:07:58,800 Speaker 3: it's worth. 83 00:07:58,720 --> 00:08:02,000 Speaker 1: Also is now saying that the government shutdown is starting 84 00:08:02,000 --> 00:08:05,280 Speaker 1: to hit the economy. That may or may not be true, 85 00:08:06,560 --> 00:08:09,800 Speaker 1: but I assume they want to set up an argument 86 00:08:09,880 --> 00:08:13,720 Speaker 1: to blame the Democrats for any economic problems in the 87 00:08:13,760 --> 00:08:16,640 Speaker 1: next you know, in the pre midterm period on the 88 00:08:16,640 --> 00:08:22,440 Speaker 1: Democrats shutting the government down. But it also it also 89 00:08:22,440 --> 00:08:26,840 Speaker 1: could be hitting the economy for real, but you see 90 00:08:26,880 --> 00:08:30,600 Speaker 1: them setting up that argument. Let's pause in the economy 91 00:08:30,600 --> 00:08:32,079 Speaker 1: for a second. I want to talk about because I 92 00:08:32,120 --> 00:08:35,120 Speaker 1: don't think we can talk about it enough. Is this 93 00:08:35,240 --> 00:08:38,280 Speaker 1: what we have been talking about now, Steve, for months. 94 00:08:38,920 --> 00:08:44,440 Speaker 1: One of the most easily predicted things that is fortunately 95 00:08:44,760 --> 00:08:49,040 Speaker 1: on track is Trump's obsession with using the military in 96 00:08:49,080 --> 00:08:56,800 Speaker 1: the United States and slowly gradually pushing towards using the 97 00:08:56,800 --> 00:09:02,040 Speaker 1: Insurrection Act. And I just want to think through a 98 00:09:02,080 --> 00:09:05,000 Speaker 1: little bit about what this means, because I think there 99 00:09:05,040 --> 00:09:11,880 Speaker 1: are a range of scenarios that are from the worst 100 00:09:11,880 --> 00:09:17,760 Speaker 1: case scenario that you you hear bandied about by really 101 00:09:17,760 --> 00:09:21,240 Speaker 1: serious people and serious politicians from you know, from you 102 00:09:21,240 --> 00:09:25,240 Speaker 1: know colleagues, uh are colleagues on substack to people like 103 00:09:25,280 --> 00:09:29,599 Speaker 1: Gavin Newsom, that this is a predicate that will some 104 00:09:30,320 --> 00:09:35,079 Speaker 1: in some way undermine the midterm elections next year, and 105 00:09:35,120 --> 00:09:37,120 Speaker 1: we could talk about the steps where that would happen. 106 00:09:37,920 --> 00:09:40,720 Speaker 1: I think on the on the more optimistic range, and 107 00:09:40,760 --> 00:09:42,679 Speaker 1: I can't believe that we're sitting here talking about the 108 00:09:42,760 --> 00:09:46,760 Speaker 1: range of possibilities with a president declaring the using the 109 00:09:46,760 --> 00:09:50,080 Speaker 1: Insurrection Act. But on the on the more optimistic front, 110 00:09:50,280 --> 00:09:54,520 Speaker 1: it would be, you know, he uses the Insurrection Act. 111 00:09:54,559 --> 00:09:57,280 Speaker 1: He sends some troops here and there, but it doesn't 112 00:09:57,320 --> 00:10:02,000 Speaker 1: really have a major impact. It's most sleek for show. 113 00:10:03,840 --> 00:10:09,480 Speaker 1: And I think you could also see a scenario if 114 00:10:09,520 --> 00:10:13,560 Speaker 1: I'm just putting on my like bloodless you know, political 115 00:10:13,600 --> 00:10:20,960 Speaker 1: hat here where this conflict pre midterm elections is actually 116 00:10:21,040 --> 00:10:26,640 Speaker 1: a deeply motivated, motivating factor for the anti Trump coalition 117 00:10:27,760 --> 00:10:32,880 Speaker 1: and that it completely backfires on this administration. It's the 118 00:10:32,920 --> 00:10:38,640 Speaker 1: red line that they cross and just triggers an outpouring 119 00:10:38,960 --> 00:10:42,559 Speaker 1: of anti Trump sentiment in the mid terms. You're not 120 00:10:42,640 --> 00:10:48,240 Speaker 1: allowed to have troops or any military near polling places 121 00:10:48,240 --> 00:10:52,840 Speaker 1: in almost every state, I believe, you know, unless we're 122 00:10:52,840 --> 00:10:57,320 Speaker 1: in a place where the worst case scenario is happening, 123 00:10:57,600 --> 00:11:01,320 Speaker 1: where this insurrection act interacts with the election machinery in 124 00:11:01,400 --> 00:11:06,440 Speaker 1: a truly dictatorial way, I think that's uh, you know, 125 00:11:06,480 --> 00:11:09,160 Speaker 1: that's a possibility that this just backfires because he doesn't 126 00:11:09,200 --> 00:11:12,760 Speaker 1: actually know what he's what he's doing here, and it 127 00:11:12,800 --> 00:11:18,320 Speaker 1: triggers a political backlash, backlash like we we've we've never 128 00:11:18,400 --> 00:11:23,440 Speaker 1: seen what's your what are your give me your take 129 00:11:23,520 --> 00:11:26,000 Speaker 1: on that in terms of the range of outcomes, h 130 00:11:26,120 --> 00:11:32,199 Speaker 1: if we go down this path, so. 131 00:11:32,760 --> 00:11:39,080 Speaker 2: I go lights out, meaning I don't see into the 132 00:11:39,200 --> 00:11:48,120 Speaker 2: pitch black anything beyond the rhetoric of well, we might 133 00:11:48,160 --> 00:11:53,959 Speaker 2: not have elections that you referred to with Gavin Newsom, 134 00:11:54,160 --> 00:11:57,120 Speaker 2: and so I don't think that that is the case. 135 00:11:58,160 --> 00:12:04,800 Speaker 2: There's no mechanism for their to not be elections, and 136 00:12:04,840 --> 00:12:08,240 Speaker 2: there were elections during the Civil War, during the Second 137 00:12:08,280 --> 00:12:13,920 Speaker 2: World War. So I'm gonna just stipulate that Governor knew 138 00:12:14,000 --> 00:12:23,320 Speaker 2: some is right and there's going to be in I 139 00:12:23,360 --> 00:12:27,120 Speaker 2: guess the best way to say this that that his 140 00:12:27,280 --> 00:12:33,800 Speaker 2: speculation about the worst case scenario comes to pass. And 141 00:12:33,800 --> 00:12:38,400 Speaker 2: and I guess because it's all very broad when it's 142 00:12:38,440 --> 00:12:44,360 Speaker 2: stated what he's saying is the United States aren't forces 143 00:12:44,400 --> 00:12:48,079 Speaker 2: will prevent American citizens from picking their leaders. Is that? 144 00:12:48,200 --> 00:12:49,080 Speaker 2: Is that what he's saying. 145 00:12:51,160 --> 00:12:53,240 Speaker 1: I think it's vague. I think I think people when 146 00:12:53,240 --> 00:12:56,800 Speaker 1: they talk about this, you know, everyone's just sort of 147 00:12:56,840 --> 00:13:01,079 Speaker 1: trying to wrap their head around what this means. And I, 148 00:13:01,200 --> 00:13:04,000 Speaker 1: you know, I don't think he's I don't think he's 149 00:13:04,000 --> 00:13:06,199 Speaker 1: detailed it in that way. I think generally what people 150 00:13:06,280 --> 00:13:09,480 Speaker 1: mean is there's a combination of people being afraid to 151 00:13:09,520 --> 00:13:14,520 Speaker 1: go to the polls because you've created this militarized situation 152 00:13:14,679 --> 00:13:20,280 Speaker 1: in some big important cities, to a much worse case 153 00:13:20,280 --> 00:13:23,599 Speaker 1: scenario where there have been actual conflicts in some of 154 00:13:23,640 --> 00:13:27,520 Speaker 1: these cities and there's a government uh uh you know, 155 00:13:27,880 --> 00:13:34,040 Speaker 1: uh warning, uh you know, stay home. Let's so obviously 156 00:13:34,080 --> 00:13:39,520 Speaker 1: we're in uncharted constitutional territory there. And I, you know, 157 00:13:39,960 --> 00:13:43,480 Speaker 1: call me a naive, I still think, uh, the courts 158 00:13:43,720 --> 00:13:47,439 Speaker 1: uh will not allow those kinds of scenarios. 159 00:13:47,880 --> 00:13:51,200 Speaker 4: I'm Steve Schmidt. This is the warning. I invite you 160 00:13:51,240 --> 00:13:54,480 Speaker 4: to join this community where I promise to be honest, 161 00:13:54,800 --> 00:13:58,400 Speaker 4: blunt and direct about what is happening in this country. 162 00:13:58,600 --> 00:14:02,960 Speaker 4: America is in crisis, Follow and subscribe to this channel 163 00:14:03,080 --> 00:14:04,640 Speaker 4: and on substack. Thank you.