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"Utter Devastation" in Venezuela Earthquake, 1,000's Missing, Major Alarms Going Off For California
01:38:45
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- [00:01]
Peter Schiff
A morning walk, some bird watching.
- [00:03]
Host 1
It's another easy Sunday. UnitedHealth Group makes these ordinary days possible. With partners like the University of Tennessee Health Sciences helping communities manage their health closer to home. 54% of participants have lowered their blood
- [00:17]
Peter Schiff
pressure, meaning fewer heart attacks and more Sundays at the park. This might feel like an ordinary day to UnitedHealth Group.
- [00:24]
Host 1
It's the healthcare system working better for everyone. Learn more@unitedhealthgroup.com commitment this episode sponsored by Mood. Okay, this is actually genius. Are you ever overwhelmed with choices at the dispensary? What if I told you that you could shop cannabis by the exact mood you want tonight? With Mood, you don't shop by strain names or confusion. You shop by how you want to feel. Want to relax after work, sleep better, feel more creative, or be more social? Mood makes it simple. Pick the Feeling and Mood recommends products to match. Mood has gummies, flour, pre rolls and edibles designed around your mood. I tried Mood's sleepy gummies and within an hour I felt calm, settled and ready for bed. No dispensary run, no second guessing, just a smooth, relaxing experience delivered to my door. It's federally legal, third party tested and backed by a 100 day satisfaction guaranteed. Go to Mood M O O D.com that's M O O D.com however you want to feel tonight. Mood helps you get there. Welcome everyone on this Thursday to redact it. So, so great to have all of you here. Devastation, of course in Venezuela, but multiple earthquakes around the world and a lot of concern over whether or not the tectonic tension is leading to California possibly being next. We have a geologist from California is going to be joining us to look at the latest data. Weeks ago here on the show, we did a deep dive about the major reporting concerns about California. But the devastation in Venezuela is just unbelievable. So we're gonna talk about that.
- [02:03]
Host 2
We're gonna talk about the Fed balance sheet because the Fed has enriched itself while life gets harder for everyday Americans. How has the Fed made money in the year 2026? Inflation out of control. The average American is hurting with the devalued dollar. The Trump administration now admitting that the 2026 wars were in order to strengthen global trade in US what does that mean? It's all right for some, isn't it? We're going to talk to Peter Schiff about that for a second in a minute.
- [02:30]
Host 1
Yeah, indeed. And we're also going to talk about the Netherlands. The Netherlands, of course, yesterday admitted that they have euthanized a 12 year old as part of their government's euthanasia program. This is only revealed thanks to documents that were revealed in front of Congress. That happened over a year ago. So we didn't even learn about this from the ministry, the health ministry in the Netherlands. But yeah, this happened a year ago. But now other countries, including Canada, of course, are moving full steam ahead with euthanization of children as young as.01 year old. Who's determining this? The government. We're gonna talk about this horrible practice. So we're gonna talk about that.
- [03:13]
Host 2
That's terrifying. We're also gonna talk about how Ukraine has upped its attacks on Crimea. You see on social media now people fleeing Crimea. You know, the narrative is, that's it, they're taking Crimea back. That's an ignorant thing to say. We're gonna look at what we really should see from this and whether or not the war is heating up. Are we at risk for Belarus now joining the war against Ukraine? Nobody wants that. But it could get worse rather than better. So before we do all that, we wanna tell you about an investor quiz that you can take because you've heard us report that the US dollar is losing value daily, our national debt out of control, and you can bet no one in Washington or on Wall street is worried about your finances and how you're gonna retire the that's why only you need you. You have to become financially smarter and independent. It's the only way to break from the system. Now, if you're wondering how, there's a method that's proven time and again, real estate has created more millionaires than any other investment type in history. And that's exactly how we broke free of our day jobs too. Clayton and I, we're able to do this because we aren't dependent on a boss, the stock market or whatever nonsense is triggering Washington next. And you can do the same. Now, your path will look a little different from ours, but figuring out your next steps can be tricky. So we built a 60 second quiz that shows you exactly where you'll stand as an investor and gives you simple, clear next steps for moving forward. So stop wishing you had a portfolio full of performing assets. Take action right now. Take this quiz and see where you need to go next. It's quick again. Redacted.incquiz is where you can begin. Redacted.inc/quiz.
- [04:49]
Host 1
Well, is California next? Troubling new data shows the ground underneath California moving in ways that we cannot afford to ignore. And a few weeks ago here on this show, we warned you about a Major new earthquake study showing that two of California's most dangerous fault lines, the San Andreas and the San Jacinto, are now under the highest stress levels that scientists have seen in roughly 1,000 years. And of course now look at just what happened last night in Venezuela. Horrifying what happened? Rocked by not one but two massive earthquakes. Horrifying images, Families running for cover, buildings completely collapsing. And According to the U.S. geological Survey, the first was a magnitude 7.2. And then just 39 seconds later and even larger magnitude 7.5 struck in the same region. This is not normal shaking. This is a violent release of pressure. And of course the devastation is just horrific. Thousands of buildings damaged, people running into the streets. Rescue crews at this hour still searching through the rubble. I was just watching videos of you know, the rescue workers trying to find and calling out for people's names and hearing their names buried underneath the rubble, hearing Anthony and just buried down under floors of rubble. Horrible. Entire neighborhoods suddenly turned into disaster zones. Early reports say at least 164 people were dead, nearly 1,000 injured. But at this hour, I mean there at least a 10,000 people missing at this hour. So officials are warning that these numbers could rise dramatically. I think they don't want to scare people about how bad this could be. But hearing estimates well over 100,000 people, rescue teams reached the hardest hit areas. The USGS issued its highest alert level for this event, warning that widespread damage, severe casualties were likely. But this did not stop of course with Venezuela. On the same day, California was also hit by seismic activity, including A reported magnitude 5.6 quake in northern California. Now to be very clear, scientists are not saying the Venezuela earthquake caused the California to shake. Earthquakes are complicated of course. And what happened in Japan separate of course. Cannot draw a straight line from one fault system to another and say this one triggered that one. But what tectonic experts are watching is the pattern. Major energy releases across active fault zones. Back to back events increasingly stressed systems that have been locked up for far too long, for a very long time. Dr. Kimberly Blissniak, excuse me, I want to make sure I get the name pronounced correctly. Is an earthquake geologist at San Jose State University. And Dr. Kimberly joins us now before I move on, can you correct my pronunciation of your last name so I don't butcher that again?
- [07:46]
Dr. Kimberly Blissniak
It's Blisniak, Kimberly Blissnyok.
- [07:48]
Host 1
Blissniak. Okay. I was close, close, close upon second just at first glance. Doctor, can you give me your assessment of what, what stands out to you for the events over the past 24 hours, both in California, Venezuela, Japan and other regions that you've been watching.
- [08:06]
Dr. Kimberly Blissniak
So we as earthquake geologists, we know earthquakes happen all the time. And we would like to just prepare the society and people that live near active faults to be ready for earthquakes. And earthquakes are unpredictable, as we know. And in the sense of Venezuela, we did not expect the stipend doublet to occur, but we know these earthquakes happen and when they do happen, they can be quite devastating. And in California, as citizens of part of the community, we should really be prepared for a major disaster so that it doesn't turn into a catastrophe. And we just need to. We know that an earthquake is going to happen in California, possibly in our lifetime. We can't predict earthquakes, but we do know that we are ready for a big earthquake.
- [09:10]
Host 2
So I myself am from Fremont, California, so I know that retrofitting is big business in California. When you look at what happened in Venezuela, is there any amount of retrofitting that could have prepared them for this if they in fact live on a fault line? Or is this just a matter of wealthy societies that cannot contain, you know,
- [09:37]
Dr. Kimberly Blissniak
we can retrofit buildings and build to withstand a certain amount of shaking. And it is true that in more developed countries like the United States and Japan, when large earthquakes do occur, the life that is lost during these disasters are less. But in any sense, there's still disasters, they still affect society. In areas like Japan, we know there are tsunamis. We can also get a tsunami in California. These are major earth disasters that mother nature, They happen and we just need to be prepared. I don't know how else to.
- [10:28]
Peter Schiff
Right.
- [10:29]
Host 2
I guess I may follow up on that. You know, as Californians, we always say, oh, good, there's small earthquakes, it relieves pressure on the fault line. Is that just something we say? Because, you know, the ones yesterday are not to be conceived of that way. They did not release pressure on the fault line.
- [10:47]
Dr. Kimberly Blissniak
You know, as humans, very resilient, just that's how our minds work. You know, we can never imagine an earthquake can happen in our lifetime. And when they do happen, it becomes a disaster. And yeah, it's just, we need to just be prepared for an earthquake in California.
- [11:15]
Host 1
A big one in California.
- [11:17]
Dr. Kimberly Blissniak
And the last earthquake that. The last major earthquake in California was the 1906 earthquake that hit San Francisco. And in 1989, we had the World Series that was stopped due to Loma Prieta. And so we've had major earthquakes in California that have been very destructive. And we lived through them, but we forget about them. And when the next earthquake occurs, we will survive it, but it will be very disastrous. And so to be prepared for these earthquakes, we need to just make sure we have a earthquake safety kit to make sure you have, your power is going to go out, you're not going to have the Internet, you may not have running water. All of these life amenities will not be at our fingertips. We need to be prepared to have one or two days where we have enough water to wash our dishes, to cook, to clean ourselves. We want to make sure we have enough food in our pantry to, you know, eat. We want to have some candles, some extra batteries, all of these things, so that when and if an earthquake does occur, our own personal lives may be a little easier so that the rest of society can get back to its. To norm, normal.
- [12:57]
Host 1
So I just want to be clear about what we're seeing in California, because a few weeks, a few weeks ago here on the show, we, we talked about what researchers were warning there about both of these zones, the San Andreas, the San Jacinto fault lines, and that researchers have been saying that this is a critically loaded state. That they are. It's a critically loaded state. And so in a key area, the Cajon Pass near Southern California, where two fault systems come together. And their scientists, as we reported, had called it an earthquake gate because of the stress levels here. So I guess what we're saying is we saw this happen yesterday, we saw these small earthquakes in California just to confirm that we don't know that it relieved any kind of a pressure at all. Like, oh, good, we've got another 50 years. We don't have to worry about it. That's not how this works, does it?
- [13:53]
Dr. Kimberly Blissniak
No, that's not how it works. So the study that you're referring to is a compilation of what we call paleoseismic data. So paleoseismic data is the study of earthquakes that have occurred in the past based on what we see within the sedimentary record, within the rock or sand record. And what geologists can do is we could dig a trench across the fault. And by looking at the layers of sediment that has been displaced and dating those sediments, we can get an idea of how many earthquakes occurred on that particular section of the fault over time. And so using that data for over 1000 years, this recent study showed that now that we know when earthquakes have occurred in the past, we can see how much stress has accumulated between these earthquakes and how much stress may have been released during those earthquakes. Since we know along the Southern San Andreas Fault, the Last earthquake to occur was the 1857 earthquake. It was a big one. And because we haven't had a big earthquake since then, we've always, as Californians, know that we're getting ready for the big one. In this particular study, it's a very nice study where they were able to actually quantify the amount of stress that has accumulated along both the San Jacinto and the San Andreas fault. And as a result, what they were able to show is that, yes, we do know the big one is coming. We don't know when, but we do see that when we model what we know about previous earthquakes in California with physics based modeling of the crust, we see that the state of California between the San Jacinto and San Andreas fault near the Cajon Pass is at a very high stress level. We can quantify that. And it's the highest in since the last earthquake, which is the 1857 earthquake.
- [16:21]
Kelsey Sheeran
Wow.
- [16:22]
Host 1
And we covered that on the show a few weeks ago. We talked about 1857. No one lived there. I mean, it was not like it is today. So this could be devastating, I guess. Did you have another question?
- [16:37]
Dr. Kimberly Blissniak
No.
- [16:37]
Host 2
I guess that's very paradigm shifting because again, as Californians, you just say, oh, good, a little release of the pressure of the fault and you go on with your life. And maybe that's something comforting that we shouldn't say to each other because we need to constantly be ready and prepped.
- [16:52]
Dr. Kimberly Blissniak
Yeah. I think what, as scientists who study earthquakes, we really just want society and the community to be ready for an earthquake. We can't prevent an earthquake, but we can be ready for something that may be very catastrophic. And so the best thing we can do for ourselves and for our community is to be ready. And I use the example of insurance often. We buy car insurance, we buy home insurance. Hopefully Californians have earthquake insurance, but we never. We buy insurance not thinking that we want to get into a car accident. We buy insurance because if we were to get into a car accident, then we have something to help us move towards or move past that accident or that trauma. And so when we think about an earthquake, we're not going to be able to prevent earthquakes, but what we can do is prevent the trauma that may occur because we weren't prepared for that earthquake. And so my suggestion would be to have people really think about, okay, this happened in Venezuela. We never think it's ever going to happen to us. The best thing we can do is just have an earthquake safety kit, make sure we have some food in our pantry, in the garage, extra, you know, gallons and gallons of water, some flashlights and candles. Just so that if we can't leave our home because there's, you know, everyone is asked to stay in place that we can. We'll be comfortable and we'll be with our loved ones in a less traumatic way.
- [18:56]
Host 1
Yes, I guess before we get you out of here real quick with the few seconds we have left. Doctor, California has not handled disasters well recently. Of course, everyone watched the wildfire disaster in California. A total, total disaster. Is California prepared for the big one?
- [19:18]
Dr. Kimberly Blissniak
I do not think so. I think there's. We do have different mechanisms in place such as the earthquake early warning system. There are certain aspects where the power that's going through power lines or public transit will stop as soon as we know a big earthquake is going to happen. But there's just. So we're doing as much as we can, but there's so much to do. And so there's just, there's, you know.
- [19:52]
Kelsey Sheeran
Yeah.
- [19:54]
Host 1
How do you prepare for what we can.
- [19:56]
Dr. Kimberly Blissniak
You just, you can't. Yeah, it's really hard to prepare for such disaster. But the hope is that disaster does not become a catastrophe.
- [20:07]
Host 1
Right. And so the preparation to make sure that the response, the rescue crews like all of that follow up pieces. Yeah, for sure.
- [20:16]
Host 2
Well, Dr. Blissniak, thank you for giving it to us straight. Uh, that was sobering assessment, but we really appreciate your expertise.
- [20:23]
Host 1
Yeah, thanks for not pulling any punches.
- [20:25]
Host 2
Yeah, thank you, doctor.
- [20:28]
Host 1
Great to see you.
- [20:29]
Dr. Kimberly Blissniak
Okay.
- [20:29]
Host 1
San Jose State University. We appreciate it. Um, all right, well, you know, I guess that's what, you know, Californians tell themselves, right? Oh, let out some pressure, it's fine. That's not how this works.
- [20:41]
Host 2
That was very paradigm shifting. Yes, we do tell each other that, like. Okay, a little one. That's good. Relieves some pressure on the fault line. I guess if it doesn't work like that, you have to constantly be vigilant. You know something that I do because I've been increasingly preparing our emergency stashes because of the war, is set a calendar reminder every six months to look through it to make sure your batteries are not dead, your food's not expired, you still have it. Because a lot of us after the 1989 Loma Prieta, we put earthquake kits in the garage. And then I remember what it looked like a year later. Just full of dust.
- [21:14]
Host 1
Full of dust, Right.
- [21:15]
Host 2
So you have to constantly be on it. It has to be something that is, you know, like balancing your checkbook, like go through it, like make it A routine of maintenance in your house.
- [21:25]
Host 1
All right, well, our obviously thoughts with the people of Venezuela and how devastating that is. It's just horrific to see those images and the rescue crews going through, just yelling out people's names or, you know, just trying to catalog who's still trapped under this rubble and trying to get them food and water in a way that they can without stepping on the rubble to further cause problems. It's just horrendous.
- [21:47]
Host 2
It's making my anxiety such that I don't want my kids to, to leave the house. You know, everybody stay here at all times. So I have all eyes on you. It's just a really hard way to live.
- [21:55]
Host 1
All right, coming up, we're going to talk about the Fed and why everyday Americans right now are struggling. But how is the Fed managing to get richer? How exactly does that work? We're going to talk about their balance sheet, which they haven't shortened after the 2008 collapse. In fact, it's just grown tremendously. So we'll talk about that.
- [22:13]
Host 2
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- [23:45]
Host 1
I'm doing good.
- [23:46]
Host 2
Okay.
- [23:46]
Kelsey Sheeran
Take a little breath.
- [23:47]
Host 2
Yeah. What? Do you guys believe it? The big ones coming?
- [23:50]
Host 1
Well, a lot of people say it's good to be prepared. Good to be prepared, someone said. How dare you waste our time with preparing us for an earthquake in California. Sorry. Sorry for that.
- [24:02]
Host 2
You don't think. I mean, look. Look at home prices.
- [24:05]
Host 1
Marge. Strong Marge. I'm glad Marge is strong. Marge says, shame on redacted for wasting our time with the death of thousands of people in Venezuela. I'm sorry, Marge. Large Marge sent you.
- [24:19]
Host 2
Okay, well, I had a point to refute that, but that's okay. If you don't like it, then I apologize. I don't like it either. I don't like seeing devastation and death.
- [24:29]
Peter Schiff
No.
- [24:29]
Host 1
And I want to know, like, the response. I want to know how California is going to be able to respond to this. And the bureaucratic disaster that we saw, of course, during the fires.
- [24:38]
Host 2
The economics of the fallout of that fire still affects us today. Look at housing prices. Look at building costs.
- [24:43]
Host 1
It continues a massive land grab. The other piece of the story is, like, after this happens, what will be the government. Massive land grab.
- [24:50]
Peter Schiff
Oh, yeah.
- [24:51]
Host 2
Can you be a part of it if you're an opportunist. If you don't like this, go ahead and invest in it.
- [24:56]
Host 1
Marge. Marge. You could take advantage of that.
- [24:58]
Host 2
Exactly. Right. Okay. Well, we're still waiting on our guests. Shall we?
- [25:03]
Host 1
Oh, we are? Okay.
- [25:06]
Host 2
Yeah.
- [25:06]
Host 1
Let me see what we got here. Let's take some super chats then. Okay, let's see here. Let's see what we got here. Stefan Burns about these earthquakes and how the sun has tremendous effects on the Earth. He's an expert on this topic.
- [25:19]
Gilbert Doctorow
Okay, thanks.
- [25:20]
Host 1
We'll check in with Stefan. Geophysicist Stefan Burns. You know, one of the things we've been talking about, too, is what's been happening obviously in Italy in the Campi Flegrei and what's been happening under Mount Vesuvius and all of, like those massive, massive steam pots, basically underneath those areas. It's not just like Mount Vesuvius. And why are steam vents showing up in Rome like, you know, hundreds of kilometers away?
- [25:47]
Host 2
Right.
- [25:47]
Host 1
Like, so all of this area under connected, underneath the Naples area has been like, primed and ready to pop for a long time. So again, that's another big piece of this.
- [25:59]
Host 2
All right, let's talk about why the Fed is getting richer, shall we? While everyday Americans struggle with inflation and declining purchasing power of the US dollar, the Federal Reserve has begun to enrich themselves. How does that work? Well, the Federal Reserve just released its balance sheet this week. The balance contains a surplus of, well, not a surplus, but it's up $11 billion in the week ending June 17 to 6.6 trillion. That's the highest since March of 2025. Total assets have gone up 162.8 billion since the start of the year. And again, I just wonder, how does that happen? How is it possible that the dollar continues to deflate? How is it possible that the United States continues to have such rising debt? How is it that President Trump has now asked Congress for more war funding? And at the same time, while the American dollar goes down, while purchasing power goes down, the Fed has enriched itself. I'm just curious. So we decided to ask Peter Schiff. He's an economist, the author of the Real Crash, how to Save Yourself and the Country. And he joins us to discuss how is it that the Fed, this private cartel, seems to be doing well while the rest of us are kind of not.
- [27:19]
Peter Schiff
Yeah, I was just trying to get everything set up. Are you hearing me?
- [27:23]
Host 2
I hear you just fine.
- [27:24]
Kelsey Sheeran
Yeah.
- [27:25]
Peter Schiff
Okay, good, good. Is it framed up?
- [27:27]
Host 2
You look good.
- [27:29]
Host 1
We hear you loud and good. Yeah. You look great. You look great.
- [27:31]
Peter Schiff
Yeah, thanks.
- [27:33]
Host 2
So back to the question. The question is, how is it that everyday working Americans are hurting right now, but the Fed's doing fine and in fact starting to increase its balance sheet, going upwards instead of downwards like the rest of us?
- [27:47]
Peter Schiff
Yeah, you know, everybody is attributing all these hawkish statements to Kevin Warsh. You know, he's going to start raising interest rates. He's going to be fighting inflation, yet he's continuing to preside over a Fed that's creating inflation. The money supply continues to expand, the balance sheet continues to expand, and they didn't hike rates. I mean, people expect them to hike rates maybe at the next meeting or sometime a couple of times before the end of the year. But why didn't he already do it? And in fact, a lot of the stories we're getting today are computer companies raising prices, Microsoft raising the price of the Xbox, or Apple raising the price of its iPhones and its iPads. You know, this consumer electronics was one of the few places that, you know, consumers got a little relief because the productivity gains in that sector in many cases were able to offset the inflation that the government created. So despite inflation, those prices came down. And so it helped keep overall prices in check. But now computer prices are rising to electronic Prices so consumers have no relief. Everything is going up.
- [29:07]
Host 2
Well, once again, can I just reiterate this question? How can the Fed have more at a time like this?
- [29:14]
Peter Schiff
Will the Fed have more what I mean, have more money? Money, yeah, that's what they do. They create inflation. That's, that's what they're there to do. You know, Walsh said during his press conference or in the past that inflation is a choice, and he's correct. That's what the Fed chooses to do. They've been choosing that for decades. And I think Warsh is going to make the same choice because if you don't choose inflation, then what you end up choosing is something that is politically unacceptable, which is big stock market decline, real estate decline, bond decline, recession, financial crisis, and you force the government to act fiscally responsibly, which means big middle class entitlement cuts or middle class tax increases. And none of this is, is, is politically doable. So it's not going to happen. We're going to have a lot more inflation and, you know, consumers had better be prepared for that.
- [30:15]
Host 1
President Trump, of course, is holding up this housing bill right now in order to try to push the Senate on this Save America Act. But, but of course, that doesn't seem like that's gonna happen at all. As our friend Tucker Carlson pointed out, the Senate vociferously fought to defend the surveillance of Americans through these FISA carve out, but they, as it comes to voting, they're not, don't seem to care about the SAVE act anyway. No lower prices right now for individuals who really can't afford houses. This, of course, is a major concern for young people in the United States. Average age of buying a house now starting instead of being 31 years old, is now what, like close to 4, 40 years old. So listen to President Trump and I get you to respond to this. Peter, take a listen maybe anywhere.
- [31:03]
Gilbert Doctorow
It's all about the interest rate. Lower the interest rates, you can have all the housing you want. But you have to understand, I don't want to have, I don't want to hurt people that own houses too.
- [31:13]
Peter Schiff
These people, for the first time in
- [31:15]
Gilbert Doctorow
their lives, they have valuable houses, they become rich. I don't want to hurt them either. What you want to do is what good for everyone, get the interest rates down. We have this numbskull that was the head of the Fed before and he's
- [31:29]
Host 1
a stupid person and we call him
- [31:31]
Peter Schiff
too late because he was too late
- [31:33]
Gilbert Doctorow
with the interest rates all the time. We need low interest rates, low interest Rates will solve everything. We'll solve that. Now, despite that, we're doing well with housing, but what we're really doing well is oil is plummeting and costs are, are coming down.
- [31:51]
Host 2
So he wants a lower, not higher.
- [31:54]
Host 1
Yeah, we're doing great.
- [31:55]
Peter Schiff
Is that a new. Did he just say that again? Because I've heard him make that comment before. Is that, Is that a new clip?
- [32:01]
Host 2
This was today, a few hours ago.
- [32:03]
Peter Schiff
Oh, so he's reiterating that same thing. Yeah, he, you know, he wants housing prices to go up because he wants people that already own houses to be able to pretend that they're rich. He doesn't care about younger people who are struggling to buy the homes. He cares about the people who bought them 30 or 40 years ago. But home prices are too high. It is a bubble. Home prices have to come down. But instead of having more affordable housing, because prices come down, Trump just wants the Fed to lower interest rates so that people can afford to borrow a bunch of money to overpay for a house. Well, he said lower interest rates will solve everything. Artificially low interest rates are the cause of all of our problems. That's where the inflation is coming from. The Fed is creating inflation to artificially suppress interest rates.
- [32:55]
Gilbert Doctorow
Right.
- [32:55]
Host 2
And so, as we see now, we're. What do you think that President Trump is saying? The last guy wouldn't do what I want. Now I got a good, good guy. Do you think that means this guy's gonna do what he wants?
- [33:07]
Host 1
He's still got 1200 board members. How's it going to happen?
- [33:10]
Peter Schiff
And it's also ironic because now the markets are expecting rate hikes. When Powell was there, they were at least expecting unchanged. So if Trump didn't like Powell because he didn't cut rates, what is he going to think of Wash when he starts hiking them? Because that's what everybody thinks he's about to do. I guess everybody but the president.
- [33:32]
Host 2
Right. And in the meantime, the president is not controlling government spending whatsoever. You put this on X today, so I'm going to show you your own words and let you explain it further. You're saying that Trump is asking Congress to approve an extra 87 billion in new spending for the war. But since he isn't also asking Congress to cut spending elsewhere or raise taxes to pay for it, he's asking the Fed to create more inflation so consumers will pick up the tab by paying higher prices. Can you say more about that? Because it's happening.
- [34:02]
Peter Schiff
Well, exactly. I mean, look, Trump wants the government to spend more Money, but he doesn't want the government to raise taxes. He's not willing to identify someplace where the government can cut spending to offset the extra spending he wants for the military. And so it's just going to be financed by inflation. We're going to have bigger deficits, and the Fed's going to have to print more money or they're not going to have to, but they will, because the alternative is to let interest rates really rise. You know, Donald Trump says he wants low interest rates. Well, if he wants low interest rates, then reduce government spending so that the government borrows less money, because it's all that borrowing. That's what's driving rates higher. And the reason that rates are going to go up and not down is because of the big deficits that Donald Trump is supporting as president. He signed on to the big beautiful bill. In fact, he helped get it through Congress. So it's his fault that inflation is going up, and it's his fault that interest rates are going up.
- [35:06]
Host 1
Before we let you go, Peter, obviously you see what's going on with the US Dollar right now seems to be surging. It seemed like Treasury Secretary Scott Bessant really acknowledged the fact that we went to war with Iran was really for the US Dollar and US Dollar hegemony. He alluded to that. And then you're seeing what's happening with gold and silver right now. Well, today it's up. But where do you see gold and silver going, given this push to protect the US Dollar?
- [35:38]
Peter Schiff
Yeah, well, I wouldn't describe the dollar as soaring and it's moved up a couple of percent. But, you know, it's not a huge move. But yes, the dollar has gained some strength recently. And the reason for that is the expectation of higher interest rates and a tighter Fed, the opposite of what Donald Trump claims is coming. And that's also why gold and silver have come under pressure, because now, you know, the markets have gone from expecting easier money and rate cuts to tighter money and rate hikes. Now, I think the markets are wrong. I think the Fed is going to be a lot of talk, but not a lot of action when it comes to fighting inflation, because I don't think the US Economy could withstand a real inflation fight. Now. We need it. We have to have a severe recession. We have to have a big decline in overpriced assets. But nobody wants that. None of our politicians and certainly not President Trump. And I don't even think the Fed wants that. The Fed doesn't want to see another financial crisis. The stock market crash. And so they are going to make the same decisions that they've been making for decades. They are going to monetize all this. They're going to cut rates, they're going to expand the balance sheet and that's going to make the affordability crisis worse. And ultimately that's going to derail the dollar. If the war was meant to preserve the dollar status, it's the deficit spending and the inflation that are going to destroy the dollar's reserve currency status.
- [37:13]
Host 1
I think you're right. I mean, I don't see how in the world, $39 trillion in debt, $1 trillion just for this boondoggle. How it's reversible at this point. I don't know. Can the Fed print their way out of this mess, Peter?
- [37:28]
Peter Schiff
No. Well, they printed their way into it. So you're not going to, you know, you can't drink your way out of being drunk.
- [37:36]
Host 1
Some would disagree with hair of the dog. Yeah. The next morning after a bender. I guess some people would disagree.
- [37:42]
Peter Schiff
Well, that's dealing with a hangover, maybe the hair of the dog. But you know, we can't sober if we're still drunk. Drinking more isn't going to sober us up.
- [37:52]
Host 1
Yeah. Oh my gosh, what a mess. What a damn mess. Peter Schiff, thank you. As always, people should follow Peter on X because his wisdom and his insightfulness. You should set those alerts on X because I always look to Peter for cut through the BS and the fog of the craziness of these markets right now because there's a lot of weaknesses, weird emotions happening in these markets right now. Peter, great to see you as always. Thank you so much.
- [38:18]
Peter Schiff
Take care.
- [38:19]
Gilbert Doctorow
All right.
- [38:20]
Host 1
All right. Coming up here on the show, we're going to talk about the Netherlands and yeah, well, they admitted yesterday that they had euthanized a 12 year old. That's right. That's the move, of course. And Canada leading the way on these assisted suicides around the world. But the modeling for children is now unfolding in Canada, which is really going to be matching what's happening in the Netherlands. So euthanizing children as young as.01 years old, how do they get to speak for themselves? Just the state. The government decides. Yeah, time to put that one out of its misery.
- [38:54]
Host 2
We don't need that one. Let's not let it grow up like
- [38:57]
Host 1
this is what's happening in the world right now. These sick demonic governments. Okay? That's what's happening in the eu. We're going to check in on all of that in a moment. But first you talk about disclosure.
- [39:08]
Peter Schiff
Right.
- [39:08]
Host 1
Yesterday we were hoping maybe to see something big during that Brazilian Scotland game, but that didn't happen. What if disclosure isn't really about waiting on an official announcement or some big event like at a soccer game? What if it begins with your consciousness? Is it ready to recognize what's been here all along? Those who've been studying disclosure understand that actually it might be the level of consciousness that has allowed certain individuals to have these interactions. These whistleblowers and others who've been in the government, who've worked in the military, and who've been a part of this. Well, Gaia is the streaming service dedicated to the evolution of consciousness with powerful series, films and documentaries on disclosure, on ancient wisdom and the nature of reality. Because proof is one layer, perception is an entirely other layer, Gaia helps you dive deeper into the user UFO disclosure through whistleblowers, insiders, consciousness expanding voices who've been shaping this conversation for years. So you can dive deeper into disclosure, consciousness and the possibility of contact. We'll have it linked up in our description because this URL is a little long, but I'll read it to you anyway in case you're driving and want to try to write it down. It's GAIA.com LP/Disclosure hyphen, trial hyphen, redacted. So that's their URL to try it out right now, but we'll have it linked in the description so you can just click right on it. You don't have to worry about trying to write it all down and check it out. Empathy prepares us. Compassion is part of readiness. Cooperation is how we move forward. So check it out. And check out our friends at Gaia. I've been to their offices. They've beautiful, beautiful offices at Gaia. What's going on here? This is my room.
- [40:51]
Host 2
This is Eve.
- [40:52]
Host 1
This is Eve. What are you doing in our studio?
- [40:54]
Host 2
Why is the dog growling and you coming in here?
- [40:56]
Host 1
What is going on? Are you getting in trouble? Man? Summer break. When does school start again?
- [41:02]
Host 2
Mid August.
- [41:04]
Host 1
That's right. Hope it happens soon. Let me see if I can. Hope it happens soon.
- [41:10]
Host 2
I guess there's no emergency.
- [41:11]
Host 1
But the dog is growling and guess he can wear pajamas all day. That's what happens.
- [41:16]
Host 2
She's not in pajamas. That was my sweatshirt.
- [41:18]
Kelsey Sheeran
Oh, okay.
- [41:18]
Host 1
She looks like it. Yeah, the 5 size is too big. Actually, you're about the same size as her. She's a peanut. And you're a bit. You're a peanut as well. So that hurt my feelings. It's about one. One size too big.
- [41:28]
Host 2
I am mighty.
- [41:30]
Host 1
Mighty but small. All right. Well, here's a disturbing story out of the Netherlands where we now learn that a 12 year old was euthanized. Yes. Put to death two years after the country removed the age limit. And we only learned about this one year after they put the child to death because they had to report it to their House of Representatives. The Dutch government, legally euthanized for severely ill children allows now between the ages of 1 and 12. They legalized this back in 2024. In other words, a 1 year old or a 3 year old can just be put to death by the government. Of course, Canada is ground zero for assisted suicides. Like, no one does a bigger job of exporting suicide than Canada. It leads the world in this demonic practice. Canada has, in a 2023 parliamentary report began suggesting that mature minors, whatever that means, be allowed to be put to death. And then the College of physicians in 2025 was reported saying we should extend it to babies 0 to 1 years old because they can speak for themselves. 0, which the Netherlands already do. So the Netherlands already allows this madness. Canada is on the same path as the Netherlands, of course, because they need to catch up. Kelsey Sheeran is the author of do no Harm and the host of the Kelsey Sheeran Perspective. And she's perhaps the leading voice on trying to stop this demonic practice in the country. Canada. Kelsey, welcome to the show. Great to see you again.
- [43:13]
Kelsey Sheeran
Thank you guys for having me back. I appreciate it.
- [43:16]
Host 1
Our pleasure. And congrats on your newborn. It's hard to think of it, you know, you just had a baby and it's hard. Can you imagine? I just can't wrap my head around the idea that the government would say, you know what? This baby can speak for itself. We think it's time to put this baby down. What do you think about this?
- [43:35]
Kelsey Sheeran
I actually just had this conversation with my husband last night because I can't help but look at her and then see the fight that we're fighting right now and understand that there is so much more to this. And the people that are involved in pushing this are. They're not just demonic. These people don't have children themselves. These people aren't happy. These people are overweight. These people have no purpose. The only purpose they have is trying to end more lives of vulnerable individuals. And even just this week, some of the stories that I'm going to be breaking on some upcoming shows that I can't quite discuss yet are going to Blow people's minds around coercion and individuals in our health care facilities forcing individuals towards a path. And people will say that's not happening. But we have several reports of this. And when we look at children, you said it, babies can't make this decision. But doctors can coerce, you know, individuals who are struggling with the idea of their child being unwell or their child going through temporary periods of suffering. But when I look at her, the idea that this is even happening and has happened now is really disturbing. Now the Netherlands is the forefront leader of this. Obviously not in the death count itself. Canada takes the cake with almost 8% of those in Quebec being, you know, the tip of the spear, killing the most people in the world in one single province that's looking at a state. Right. So for those that don't know that I'm Canadian, we have provinces, America has states. And this isn't just a Canadian issue. In the new book I wrote that will be coming out in March, do no Harm, we took a look, a heavy look at America and the 13 states and one jurisdiction expanded rapidly with compassion and choices, stating emphatically they want over 50% of the American population living in states that euthanize. And you already have so many doing it. So most people are unaware of that. Yes, it's for track one, but that's, I like to make people very clear understanding that track one is how Canada manipulated its population into accepting the killing program. And that's now what's happening here. And it was the same with the Netherlands and every other nation. Now the Netherlands story is really important to pay attention to because the Netherlands, this child, we actually was under the age of 12. We don't actually know the age of this child. That would have been between 1 and 12 for sure. The reports that we have right now is that this was a terminally ill child. And this is where it gets a little sketchy because the minister, Sophie Herman's herself of the Public Health Committee wrote a letter to Parliament. And not only that is the assessment committee has reviewed this case itself and they have passed an assessment to the Public Prosecution Service. Now that's important to note because this doctor is going to be looked at and they're going to decide whether now this is post the child being killed and murdered. Okay? So nothing can be done, but what can be looked at is whether this doctor actually followed what is consistent, considered the law. Now the assessment will be done, but like I just stated, if they deem that this doctor did not follow through on what they should have. The child is already dead. So there is nothing that can be done. And why this is so important is because we have the same policy in Canada. You know, we have the May Death review committee that has spoken about recently on several different shows. And they are looking at postmortem. So they are looking at whether people have been killed wrongfully. And what we do know now is that there were 400 non compliant cases that the Ontario coroner report found alone in one year. Now, 400 non compliant.
- [47:07]
Host 2
What does that mean?
- [47:07]
Kelsey Sheeran
Yeah, non compliant means. Well, exactly what you think. They didn't qualify. They were coerced. We had an individual that had this thing called. She had a thing called chemical sensitivity. Now, she was then not able to get housing. So she was mated. We had a lady who was obese. She was mated. We had some homeless people who were mated. Now, we need to actually stop using the term maid because maid is a. What I discuss in my new book is a way that the deaf cult community has gotten individuals to believe that we should be accepting medical murder. This is medical murder. This is where you walk into an office where a doctor puts in two IVs, floods your body with so much poison and you die. Now, we hope you die quickly. But we do have recent new cases that have come out, and I'm sure you guys have heard it in the media, where individuals have been halfway through the process and started screaming, help me. We have had doctors, Dr. James McLean in Ontario, who only got a slap on the wrist, who is still allowed to practice maid, who actually did not bring all of the drugs to a procedure recently and the patient was deemed deceased. He left. The patient woke up, the family members had to go tell the doctor, and then he had to come back in to finish the job. Now he's a doctor in Westmont Family Clinic in London, Ontario. I say the name of it so people can stay away from it. He is only on a suspension. He can still provide maid with somebody watching him and his wife both work there. And this is nothing new, my friends. Canada is looking at expanding. And the biggest thing in the media that has come out in the past couple weeks is that Canada, there was a committee, the admit committee came forward and they decided that they would like to recommend to the government that we do not expand to the mentally ill. Now, yes, that may seem like a win on paper, but the reality is the federal government can decide to just push that through anyway. The reason why we should pay attention to that is because there is an ongoing court case in the province of Ontario Right now, with an individual being funded by the death cult Dying with Dignity, which you guys have heard me talk about before, they're terrible humans. They are funding this one woman, Claire Burso, who has a mental illness and depression. She's an actress from Montreal and her greatest claim to fame right now is she is the defendant. She is fighting the government to be euthanized for depression. Now, if she wins that case, let's be clear, the committee suggestion, or hey, we shouldn't roll this out to the mentally ill, goes right out the window. This is how Carter vs. Canada happened in the first place. It wasn't an admin committee, it was a court case. And this is happening again. So yes, as it sits, a committee suggested to the Canadian government we should not be expanding to the mentally ill. But the government hasn't ruled on it yet. And everybody's cheering and I'm going hold on here. The government hasn't said what they're doing yet. And on top of it, the Claire Brousseau case is going forward and they have stated if she doesn't get the win, they have another individual, that they will bring the case forward because Dying with Diggs Dignity believes that we should be able to euthanize depressed people. And I disagree wholeheartedly. Now, children in itself have already been suggested in the 2023 report for the Ahmed Committee calling for further expansion. Now, this was brought forward and very much ushered forward by Dying with Dignity. It's on their own website. What's that? Where it states Dying with Dignity asks parliament to amend the extending age requirement of 18 years old of age to extend it to persons at least 12 years old of age and they are capable of making decisions with respect to their health. Now, just recently in the media, today or yesterday, I believe one of our provinces has removed parental rights down to the age of 12. So once you hit 12 years old, your family member cannot see your medical records and cannot make medical decisions for you. And we knew about this before because Sickkids, the largest sick kids hospital in Canada, already does this. So your child will age out at 12 where you won't get to make medical decisions for them once they're past the age of 12. And they have suggested that children who would like to utilize and like again, still not legal. These are just words. Let me be very clear because this is where people like to come at me. They are saying that yes, of course they will consult the parents, but the reality is the child's wants and needs will be taken above the parents wants and needs. I Said this on trigonometry. I read the blurb verbatim where it says it on their website. So the fact of the matter is the Canadian government, even though they have, the committee has temporarily stopped mental illness from coming forward in March of 2027. The government hasn't ruled on it and there is an active court case going with Dying with Dignity to try to overrule it to make sure that made for mental illness goes forward. We already have the committee suggesting and talking about it publicly. Moving down to children. Like I said, the Netherlands has already had this. This has been a no, no. You know, the Dutch have euthanized a child with autism recently. So we shouldn't be shocked that this is happening in the country of Canada. Canada is already in a rapid decline, in a fall in every aspect possible, forgetting health care. And so the fact that we're seeing this in the Netherlands, they've been doing this. They're just now kind of starting to admit this publicly. And this, again, like I said, this was reported to the actual public prosecution Service to be looked at as an assessment. Now, that's not saying the doctor did anything wr. They're saying that they have brought this forward. Not only has individuals been concerned, but the minister herself of Public Health wrote a letter and has brought this forward to the Public Prosecution Service. Now, that should give. Just shudder. Like, just, just. You should be terrified of what that means because that means there are actual doctors that are willing to kill children. And whether people want to say, well, that child was terminally ill or not, that doesn't matter. That means that there's a human that was willing to walk into a room and put IDs in a child and flood their body with poison and hope that they die in a very quick manner. Because like I've said before, these drugs are not tested for killing. We do not know how much it actually takes. We do not fully understand what it looks like in the body because we do not measure the pain center of the brain. When this process is happening, we need to stop calling it a provision. It's not a provision or a procedure. It's a merger. And it is done by a person in a white coat that we are supposed to trust. And that is what sanctuary trauma looks like.
- [53:47]
Host 2
Now, I want to point out, because we covered this in 2024 when the government released its intention to extend the deadline by three years. So in 2024, they put out a call for academics saying, should we expand this to the mentally ill. And almost no academic would go on record saying, this was a good thing. They couldn't find anyone to go on record saying we should do this to children. And what they said, instead of, okay, we won't do it, they said, we'll just wait and find some academics who will go along with this. That was clearly in the report. You can look it up yourself. I recommend that our audience does. It's dated February 1, 2024. It's called, the government of Canada introduces legislation to delay medical assistance and dying expansion by three years. And they literally said, no one will let us do it, so we're going to wait and keep trying. What kind of demonic organization says we want to do this? And so we're just going to keep trying until we get our way. That is crazy. And it shows the intention to kill.
- [54:49]
Kelsey Sheeran
Well, it not only shows intent to kill in that timeframe. And they just did that Ahmed committee actually just this march, and it carried on for quite a while. It's all available, by the way, publicly. You can go under canadian.gov and go actually watch the committee and the psycho page past themselves. You know, you actually had Jocelyn Downer, who was. She's a law professor and she is one of the biggest ones that actually ushered forward the Carter case to get Canadians killed by their doctors originally. And you know, she goes, you know, people who are depressed, if we don't kill them, then they're going to kill themselves, literally. And I'm not being like, I'm not being facetious. She actually said, well, if people are mentally ill, they should have the right to end their life with a doctor. And if we don't do it, then they will do it themselves, so we should be able to kill them. And she argued this with a straight face on her face, which blew my mind. And then when we look at people like, for example, the great point that you pointed out, no psychiatrist or psychologist would sit down and suggest this because what they were actually being asked to debate was suffering. The definition of suffering and irremediable or grievous. And that's important to note because they were arguing that people with mental illness cannot heal and they cannot get better if they are what is called treatment resistant. Now, I am a treatment resistant, diagnosed with ptsd, major depressive disorder and treatment resistant depression. Yet I am here doing the work that I am doing and they would. I am a qualifying patient right now under what they wanted to expand and so are a significant amount of Canadians. It's important to note at the Ahmed committee this year, actually, they interviewed people from the Duck. They interviewed The Dutch in the Netherlands that were psychologists, psychiatrists. We didn't have somebody who specialized in PTSD. We actually had the leading doctor, Dr. Greg Passi, who happens to be my psychiatrist, who has treated veterans for over 45 years, never lost a single one to suicide, and was the very first research post Rwanda and Bosnia on post Traumatic stress disorder. He was not asked to testify. No other psychiatrist or psychologist in Health Canada, Canada testified. They took people from the Netherlands and outside of the country and had them testify. And they believed on some level, some of them did, not all of them, but they believe on some level that suffering and these conditions were not curable. And that's insanity to say to somebody who is struggling with a mental illness that you will never get better. And that is just a falsehood that dying with dignity has propagated in order for individuals to say that they should have the right to die by suicide. And not only die by suicide, to be murdered by their doctor. And that's what this Claire Brousseau case is that I'm speaking of. That is in Ontario, Dying with dignity is brought it forward, it's funding it, and is using this poor woman's mental health incapacitation to actually bring this forward and use her to try to get the rest of Canadians who have depression killed. And that's what that will allow. The law will change if she wins.
- [57:53]
Host 1
Horrible. And we should point out you're a veteran, served in Afghanistan. So what you went through in Afghanistan as an artillery gunner, you know, talk about PTSD and depression. And of course when you came back, dealing with veterans who were depressed, suicidal, turning that ship around, the Canadian government would just love to say that, eh, don't work, don't do any work to try to right this ship.
- [58:19]
Host 2
Just, just die.
- [58:20]
Host 1
Just die.
- [58:20]
Host 2
And I guess the question that must keep you up at night to that point is how long until it's not my choice anymore.
- [58:28]
Kelsey Sheeran
Well, so here is the uncomfortable point. Now I'm going to state that the study I'm about to bring up is a what if just a scenario was done by a university, Western University. It was, it was not a law. It was not what's happening. They were saying this could happen. Or this is a what if situation that I spoke about on Jillian Michaels. This study took a look at the amount of individuals that would be needed to save money for the government and what they would look like from 2027 to 2047. This study included non voluntary and voluntary. So that was a really interesting thing to see because they were looking at Saving up to the tune of $1.273 trillion by providing maid as a health care alternative. And that's what we're currently seeing. So when these, these people from the death cult write their pieces about me and do their hit pieces on CTV and CBC about me, they say that I'm nothing more than misinformation when all I'm doing is reading their own reports in their own language. And they are stating even if it is a what if situation, that this would never happen. Well, they sold us the same story in 2016 when they said this would only ever be for terminally ill patients. And now it's expanded rapidly and has continued to expand. And now we have euthanized over 100,000 Canadians in 10 years. And the pace at which we're going right now, we will end up killing 110,000 by the end of this calendar year alone.
- [60:02]
Host 2
God, isn't it one in four, one in eight deaths is a major death.
- [60:07]
Kelsey Sheeran
One in five.
- [60:07]
Host 2
One in five. Now one in five deaths in Canada is a maid death. Can you imagine? Can you imagine? It's.
- [60:14]
Host 1
Well, in all and efforts the mind. Right. I mean, I've asked you before the, you know, that way they don't have to, they don't have to provide any sort of hospice care. They don't have to provide 20 years of care while they're in a senior home or anything like that. Like just kill them before they get to that stage.
- [60:31]
Kelsey Sheeran
Yes. And they are very quick to state that, you know, we would never push this on people when we know they have have clear cases of this. They have said, well, we don't do it for the organs. But yet Canada all of a sudden is the highest in the world for organ donation. Now, it's not mandatory to provide your organs, but I did just speak with somebody on the phone a couple days ago where they were not told it was mandatory, but it was highly suggested. Now this person has been euthanized and is no longer with us and we're dealing with the family. And again, I will break that story soon. There is a lot of going on with that that is very concerning. And I will call you the second I'm allowed to because it's insane. But what's more insane is the fact of the matter is we have actual people lobbying the government, in the Liberal government, which is now the majority in Canada because they bought off the votes from MPs. Right. And we now have people who are pushing, promoting and suggesting that this should be not only a health care, health Care alternative. This should be the way that we may move forward with people who are depressed and with the idea even discussing mature minors. Because let's be clear what mature minors means. Mature minors is not actually an age. Mature minors is what the doctor deems an individual is mature enough to understand the ramifications of their decision. Now that in itself should scare you because the verbiage there is terrifying. And this is not about legalizing euthanasia. All Canada did was remove will make it so that a doctor cannot be charged for euthanizing you. Because all the doctor has to state these words. I was of the opinion the individual qualified and that they were irremedial or grievous. That's it. That's how they get away with murder. That's how you get 102 doctors out of the 2,200 plus that are euthanizing Canadians. That's how you get them doing over 50 of the deaths. That is a total billable hours of procedure and actual drugs of over $160,000 with only 52 deaths per person. So somebody could make their whole medical practice euthanizing individuals. They could get away with it. Because in Canada it is a self reporting system, meaning if you mess up, it's a self reporting system. And we even have health Canada calling on these doctors where you do not put the cause of death as made you put the cause of death as something else. And then maid is the secondary. So we don't actually know accurate numbers. And for the deaf community to say we do, that's just a bold faced lie and we can prove it, right? On paper.
- [63:12]
Host 1
Kelsey Sheeran has been our guest. We know you gotta run. You got a baseball game to get to. Thank you for football.
- [63:18]
Kelsey Sheeran
Come on, don't put me in baseball.
- [63:22]
Host 1
What was it? What was it?
- [63:23]
Host 2
What is football like?
- [63:25]
Kelsey Sheeran
My husband plays. No, my husband plays professional football and it's game day and I coach some of the athletes so we gotta run and go do it.
- [63:31]
Gilbert Doctorow
Okay.
- [63:31]
Host 1
I wasn't sure what sport. I just know there was a ball involved and that was in your text, your text messages.
- [63:36]
Gilbert Doctorow
So I just want.
- [63:38]
Host 1
All right, well, Kelsey, great to see you. And as you have more information about this as we go forward, we'd love to have you back as always. Thanks, Kelsey.
- [63:46]
Kelsey Sheeran
Thank you guys so much for covering this. I'll talk to you all soon.
- [63:48]
Host 1
You bet. Thanks so much.
- [63:49]
Host 2
So just when you think you understand that. I thought that they were waiting on government advisory committees. They're not. They're trying to litigate their way into full towards murder. Yeah, go ahead.
- [64:02]
Dr. Kimberly Blissniak
I just.
- [64:03]
Host 1
I just feel like this is like. This is like one of those things, like if you get a group of people together, like, okay, what's the dumbest thing we can think of? And this is the story you come up with?
- [64:11]
Host 2
Yeah.
- [64:11]
Host 1
Like, I, like, listen, everything, like everything she says, I'm just like, how, how. How does it. How do you get there? Like, yeah, well, it's. Right. I mean, at the heart of it, it's money. But she's. And she's bringing up. She's brought up the great point about not only the money piece of this, right? You know, $160,000 so someone could literally build their whole practice, their whole medical practice around killing people. Because you're making so much money from the government from it, right? And you don't have to do anything else. You don't have to pull wisdom teeth. You don't have to do anything. You don't have to see a kid about stitches. Like, no, this is like, I'm a death doctor now.
- [64:45]
Host 2
You don't have to heal anybody.
- [64:47]
Host 1
You just do the opposite and then the opposite. And on top of that, it's the organ harvesting piece of this, which is also the amount of money that you can make from the organ harvesting.
- [64:56]
Host 2
Right?
- [64:57]
Host 1
I'd be curious to. I'd be curious to see, like, if they specifically chose like the. The poisons they use, you know, the quote unquote medications, if they're specific to not destroy organs.
- [65:08]
Host 2
Oh, interesting.
- [65:09]
Host 1
I don't know. I think I asked Kelsey that question last time we had her on here in our deep dive interview you a few months ago. I don't know that I got an answer to that or I forget the answer to it, but yeah. Are you going to want to have the organ from someone who's just been flooded with some poisonous toxic chemicals that killed the person?
- [65:25]
Host 2
Yeah, good point. Hadn't thought of that.
- [65:27]
Host 1
I guess if you're waiting on a kidney.
- [65:32]
Host 2
I talked to a friend recently who spent his life as an anesthesiologist and he speaks out against the death penalty because of the high fail rate. And I said, do you know what's happening in Canada? And he said, no, not at all. He's a Stanford doctor who has no idea, but his whole platform is that you cannot kill someone reliably. The death penalty often doesn't work. It's a high fail rate, but he doesn't. No, I don't think that these lobbyist groups overlap because they don't know how often they're using this same technology, what they call for a good cause has such a high fail rate and it's terrifying to think, wait, I'm supposed to be dying. Why am I in agony? What's happening? I'm gonna now live in more pain.
- [66:13]
Host 1
Horrible.
- [66:14]
Host 2
Yeah, it's, it's a nightmare.
- [66:15]
Host 1
Well, thanks to Kelsey for she's on top of it like nobody else.
- [66:18]
Gilbert Doctorow
So.
- [66:19]
Host 1
Awesome. All right, coming up here on the
- [66:22]
Host 2
show, we're gonna talk to Gilbert Doctorow about how there's increased attacks on Crimea. Now Ukraine continues to attack Crimea. What does that mean? Does that mean that the war is only gonna escalate? And how long until President Putin in Russia says we're done with this? He seems sort of loathe to put a decisive end to the conflict. Why? We're going to talk about that in a second but first Clayton's going to tell you about gold and silver.
- [66:46]
Host 1
Yeah, take a look. I don't know if you can see this, Philip. My stream deck's not working here, Steam deck. But take a look at this. This is gold prices. Today we saw a little bit of a pullback. We just had Peter Schiff on talking about gold and silver and yeah, we saw a little bit of a rally in the US dollar just up a few points because of Scott Bessens comments about like the reason we went to war in Iran is because of basically US dollar supremacy. But Peter Schiff's point is you can only duct tape something together so long before water starts spilling out the sides of it. So yes, you saw a little pullback in gold over the past few days. Maybe a great re entry point. Silver pulling back a little bit from its all time highs just a short time ago. So could this be an opportunity maybe to reassess where your savings are and maybe think about re entering precious metals as we see some of this pullback here. And that's exactly what I'm going to do. We were talking to our team today about that. I said hey, you know, as we see this like pullback, let's, let's double down because you're hearing from Brian Salarchuk, mining expert Brian Solarcuk, who's a legend in the mining business, K92 Mining. He said he sees gold hitting $10,000 an ounce. You see buy ratings or price targets for gold upwards of 6,000, $7,000 an ounce from different high profile banks. So I mean it's a question really of whether or not you believe in the US dollar or do you believe in something that's lasted 5,000 years and has protected people for 5,000 years despite every government currency in world history. Industry collapsing. So, you know, we're, we're. Well, if you're a betting person, what would you go with? US dollar as a fiat currency or precious metals? I believe in having a small portion of your portfolio or a large portion of your personal savings in something that can protect your family. That's how I look at it. But you do you. But our friends at Lear Capital can help you. Just have a phone call with them. They're an American company. So if you get on the phone with them, just talk to them, say, hey, I've got a few thousand dollars in US Savings in dollars. I'm thinking about converting this over to precious metals. What do you guys do? How do you guys work? Can you talk me through the process? And they will talk to you. They want to talk to you on the phone. They're an American company. They're not going to be farmed out to some call center in the Philippines. So if you call them 1-800-613-3557, you can get your free gold guide from them. They'll send it right to your door. So, so you can make a decision over the next few weeks what you want to do with some of that savings that you've been sitting on. Or maybe you have an old IRA or a 401k. Well, they were rated one of the top gold IRA companies from consumer affairs because they can actually convert your old IRA or your old 401k into a precious metals IRA. So you can actually invest in precious metals. You could buy stocks in there, you could buy real estate, but you could control it. It's a self directed account. So give them a call today, 1-800-613-3557 or just go to the website learedacted.com once again, learn well.
- [69:46]
Host 2
Ukraine has this week stepped up its attacks on Crimea, presumably to bring the war to a crescendo. The war with Russia is not in Crimea has not been since the special military operation. If you look at where Russian state media says the war is, Ukraine troops are hardly on the front lines at all. Russia is advancing towards its end goal steadily now. If you watch the American news, you'd be forgiven for not knowing that the war with Russia did not begin in 2022. It had been going on all along. Since 2014, the attacks on the Donbas region had been steadily increasing and there were rumors that Zelensky had ordered an attack on Crimea just before that special military operation the attack again was thwarted when Russia moved into the contested region to the north. So given Ukraine's inability to move Russia back along the front lines, why would they revert to plan A? What is the point of moving into Crimea? Gilbert Doctorow is a foreign policy expert on U. S. Russian relations. He joins us to, to discuss. Thank you so much for joining me.
- [70:53]
Gilbert Doctorow
Oh, my pleasure.
- [70:55]
Host 2
So can you make sense of this attack on Crimea? Why would they do it? And furthermore, how would they get there given that they don't have direct access given the new Russian border?
- [71:07]
Gilbert Doctorow
Well, they didn't get there. The attacks are by drones and missiles. The Crimea is quite close to, to a heartland of Ukraine and so the distances are quite small. If you look at a map and draw a straight line between Odessa in the south of Ukraine and the Crimean peninsula, you understand that the distances are very small and within the scope of the production of drones by Ukraine itself. This is all within their own capability, not to mention the supplemental very high powered and, and more sophisticated drones that they surely are receiving from the United Kingdom, from France, Germany, Denmark and other European countries.
- [71:54]
Host 2
And so we're seeing now images that I'm not sure how to verify of Russians leaving Crimea in order to escape that region. So how can we tell the scale and the scope of the attacks right now? And can you surmise why they would do this?
- [72:11]
Gilbert Doctorow
Well, they're spoiling the party. This is summertime. Several hundred thousand if not more than a million Russians have made vacation plans for themselves, for their children in Crimea because it always was a prestigious and very desirable place to spend summer vacations. And the Ukrainians are doing their best to spoil the fun. They have attacked the refineries and oil, oil depots in, in Crimea, near Crimea, meaning that there's been a severe shortage of fuel and there's fuel rationing with favorite with the supplies being given to public authorities and with the private car owners finding themselves short of fuel. That makes the vacation in Crimea quite difficult to sustain for Russians who are coming down by car, of which there are a great many. The attacks on Crimea are intended to catch the attention of Moscow, to force Mr. Putin into negotiations to end the war on terms that are, shall we say, favorable to Ukraine.
- [73:27]
Host 2
How would that give them an advantage just, just because Russians would have pressure on Putin to make this stop?
- [73:37]
Gilbert Doctorow
Well, the whole logic of the special military operation has been secure the Russian speaking population of what was pre2014 Ukraine going back to 1992 its borders then by attacking the landmass that is within easiest reach of Ukraine, namely the Crimea. They are putting at risk everything that Mr. Putin has achieved in the last four years, four and a half years of war. And they are raising, getting the attention of the middle classes of Moscow, Petersburg, other towns, that the war is genuinely going on, that the Ukrainians have not rolled over and died, that the reported desertions of the Ukrainian army have little bearing on the security of land that is considered to be proper Russian Federation, as Crimea has been since 2014.
- [74:41]
Host 2
Right. I'm, I'm, I grow tired of seeing the Ukraine is trying to take back Russian seas seized Crimea. That is a lie. There was no seizing of Crimea in 2014. In fact, Russia only used the troops that were already stationed there to push back the extremists that were moving into Crimea. And Crimea voted overwhelmingly to join Russia. So this idea that will again be spread through the press. It annoys me that, that, you know, Ukraine is taking it back. Can you respond to that?
- [75:19]
Gilbert Doctorow
Well, they're not going to take it back. That's clear. The question though is when will Russia respond adequately, appropriately to the severe attacks it is receiving from Ukraine, both in the Crimea, most notably on the battlefield in particular. And we can speak about that in a moment. The battlefield in Donbass, I mean, and in the heartland of Russia, where the Ukrainians have been causing severe damage, particularly to the energy infrastructure, the refineries, the storage of fuel in European Russia at great distance from Ukraine's borders, proving that without having long range missiles, they can do very nicely, thank you, with drones to achieve, to punish Russia severely for its ongoing war against Ukraine.
- [76:22]
Host 2
So there begins the crux of our conversation is how will Russia respond and finally stop this because they're experiencing terrorist attacks in areas that are not part of the war. And for us Westerners, we can't really understand the Russian response to that. Recently we talked to Scott Ritter and he said the people in the countryside are not that bothered by this, but the people in the cities are and want it to stop. Do you agree with that assessment?
- [76:54]
Gilbert Doctorow
Not at all. Scott Ritter and I are on opposite sides of many issues relating to Russia. He has visited to spend time in Petersburg and Moscow and so on. So have I, but we speak to different people. I am not sponsored by a circle of Vladimir Putin. I'm not sponsored by Mr. Malafayev and certain oligarchs that are supportive of President Putin. I am not sponsored by anyone. Point fact. But I do have a voice and my voice is heard. And the fact that it is heard and repeated within Russia by, by rather Authoritative media outlets indicates to me and proves to me that the debate on what, how to resolve the war is real and profound at the highest levels of Russian society and the Russian government. As for the countryside, let me just take issue with it, with what you mentioned. I know it's a nerdy country. It's 145 million people, the largest country on earth. And to pretend that any of us, whether the name is Scott Ritter or Gilbert Doctorow or any particular individual has got his arms around the whole Russian society and can say what's going on is rather presumptuous. But he has his impressions and I have mine. And I also listen to people who tell me that in the, particularly in the depressed areas of the Russian countryside, as in the Urals, you have villages of widows. The depressed areas are the areas where first and foremost people in their 40s and 50s volunteered to enter the special military operation because they receive up to €25,35,000 in sign up fees, plus very generous monthly wages, one could say, for fighting in the territory of the special military operation. This is more money than these people have ever seen. And so many of the many men in the depressed areas volunteered and many men from the depressed areas have died, leaving behind widows. Now that is a reality. I was in Petersburg and I saw, I was sitting at the bank speaking to a manager. So two days in a row in came a double amputee. You see them on the streets, people hobbling around. To pretend that there is no visibility of the damage that this war is causing to Russian soldiers who sustained serious injuries, not to mention death is to be blind. I'm not blind. And I, my friends and the people I met are various of all kinds of walks of life in business. This particular visit I'm spending time with, with, with a notary, with one of the leading notaries in Petersburg, with one of the leading real estate brokers from formerly a company that you would know very well, US based Century 21. People who have their hands on the pulse of the middle classes in particular. And they are telling me that there is war weariness and people whom they're in contact with want an end to this war. And they're not defeatists. They don't want to lose the war, but they believe that President Putin has in his power, as I believe, the possibility of ending the war by decapitation. Strikes on Kiev.
- [80:16]
Host 2
Yes. Which he has, you know, been, I don't want to say loathe to do, but President Putin has not made those decisive strikes and it's, it's perplexing to those of us who don't know his mindset, why he would allow this to continue because I would imagine if we saw our major cities in the United States attacked steadily, we would get pretty anxious to put it lightly.
- [80:52]
Gilbert Doctorow
Well, Russians are very patient and I'm not suggesting that anyone's going to go out in the street and demonstrate all this, but people talk and they understand very well. I mean all kinds of places. I spoke about high authorities a moment ago, notary, top notary in the city and so forth. But I also spoke to movers and the movers are not are working class people. And they're pretty shrewd when I was listening to. They understand what's going on. And the question they asked directly is why is he dragging it out? So the question doesn't have an answer. We're also somewhat stumped by it and I don't want to to pretend that I have a better vision of Watson Vladimir Putin's mind. I don't have a microphone under his pillow, but I do see indecisiveness, I do see inadequacy in the Russian responses to, well, to these terror. You spoke about terror attacks. Indeed. Apart from the very legitimate military attacks on military and economic infrastructure which the Ukrainians are doing, they're also doing what you just described, terror attacks. They're killing, knowingly killing innocents for the sake of influencing public opinion. And that is not only in, in Russia but also in Belarus. You know, you may be aware that there's been the possibility of a Belarus Ukraine war in part. And while the, the public opinion polls in Belarus were genuinely favorable to Ukraine as a people, the murder, the murderous attack on a bus carrying school children from Belarus to a summer vacation in the south of Russia, probably in Crimea, that alarmed the Belarus public and enraged them against Zelensky and co. This killed the teacher who was kind of the chaperoning the students and it left a number of students severely injured. And this was intentional terror attack to give a message to Belarus to watch out because we're coming after you. So we are possibly on the cusp of a change in the war with Belarus being dragged into it by Zelensky. But that remains to be explored whether the as regards Russia property, the murderous attack on a dormitory of a teacher's college in the Donetsk region, this is about a month ago, absolutely enraged the whole of Russian society. And what was the response from President Putin? A lot of blah, blah to be honest about. He's been doing a lot of speechifying but Real action interaction was close to nil. They destroyed, they had a big massive attack on Kiev. That's what the news was telling us. But when you looked at the details, they were attacking factory producing gunpowder, a factory producing parts for drones. Wait a minute, they knew about the location of these factories five years ago. Why were they only attacking them with drones and missiles? Now the response is, has been inadequate, inappropriate to the scale of threat. Just as on June 1, 2025, the attack on the strategic airfields and bombers that are part of the Russian nuclear triad elicited no proper response from President Putin and his colleagues. According to the terms of his launch of the special military operation in February 2022, there should have been an attack and possibly a nuclear attack on Ukraine in response. Was there one zero. So we are all stumped by the lack of daring or the lack of follow through of President Putin and his government against the real threats to Russian national security.
- [85:07]
Host 2
So I mean you could see it as a failing to protect his own people because these attacks will continue with such a tepid response. If you look at the map that I brought now, I get this from Russian state media, Ria, it shows the clustering, the blue dots there are the Ukrainian troops, the red dots are Russian troops. Is it possible because of how close they are to completing what they say is their stated target, that President Putin is saying, you know what, let's just finish it, we're almost done. We're almost to that region where we've said we will stop, we're just going to finish it and be done. I'm just spitballing here. What do you think of that?
- [85:56]
Gilbert Doctorow
Well, you're touching upon a very important question. Many of my colleagues in alternative media are believing that when Russia reaches the Dnieper river, then the Ukrainians will throw up their arms, will declare, will capitulate, the Ukrainian army will collapse and Mr. Putin will get everything he wants. I don't agree at all. The, the loss of the Donbas, which was one of the targets, one of the, the targets of the special military operation is not the same thing as turning Ukraine into a neutral country without foreign military presence. It isn't the same thing as a Ukrainian military capitulation and peace, nothing of the sort under present conditions. If Mr. Putin succeeds in taking the whole of Donbas at the end of the summer, as some people have predicted, without saying which year the summer would take, be in, let's assume it is this year. So what? That isn't the end of the war. Ukraine is receiving 95 billion in loans. 47 of that has already, I think, crossed the border from the European Union. These are non repayable loans, in fact. And with that, you can buy a lot. You can pay good recruitment fees to Ukrainian volunteers. You can begin to pay off the widows. You can buy a lot of drones from England and other countries. There's no reason for Mr. Zelensky to capitulate. They'll keep on fighting. And with the new weapons that they are now developing or which are being developed for them by the British, by the Germans, by the French, they will continue to attack and they will reach with missiles Moscow, a year from now. Now, if Mr. Putin thinks that this is the end of the war the way he wanted it, February 2022, it isn't. It will be an ongoing degradation of Russia's defensive capabilities and of its economy during this period. Between the newly initiated rearmament program of Western Europe and their plans to launch an attack on Russia in 2029 or 2030. Ukraine is filling the same role of proxy for Western Europe as it did previously for the United States when President Biden was waging his war on Russia via Ukraine. Ukrainian fighters are taking the place of the boys from Germany and France who don't want to go. Germany, France, Britain, none of them have soldiers who are ready to fight against Russia. So Ukraine is useful to Europe and Ukraine will remain supported by Europe even after Mr. Putin takes the Donbas.
- [89:06]
Host 2
Right. And so that leaves the question of, you know, we have thought Zelensky would have been out of there a long time ago because he's lost a lot of his media gravitas. He's annoying, all these reasons, he's corrupt, but he's like the Energizer buddy. He just keeps going. So I think that your explanation of that he's so useful to Europe, European leaders, might be the answer to why he's still hanging on in there. What do you think?
- [89:38]
Gilbert Doctorow
Oh, absolutely. And they have control over the recent threats he made. About 10 days ago, he threatened Belarus that if they don't remove the, the electronic gear they have at their border, which helps guide Russian drones into the west of Ukraine, that if Belarus doesn't remove them or deactivate them, then he, Zelensky, will deactivate them, will destroy them, and will attack the Minsk and other Belarus cities. And he was put up to that by the G7 European members when he was in this meeting, when he was invited into the G7. This is a Russian news which has been picked up and presented to the readership, for example, of La Libre Belshik with one of the main French speaking newspapers here in Brussels yesterday in their two page article on the possible war that would break out between Minsk and Kiev. So they feel they have him under control and they told him your security, Mr. Zelensky, depends on your doing what we are asking of you, your personal security.
- [91:02]
Host 2
Right. So where do so where do we go from now? So we're on the verge of a possible escalation, including Belarus in this conflict. Ukraine certainly doesn't have the power to push back the contestant region, but they do have the power to continue to keep this going by nicks and cuts. And so, you know, people in the west will continue to support it, including the United States, because for all the bluster of the Trump administration, they have not cut out the bigot of funding. People in Europe will continue to support this. And we see European leaders continuing to raise money and devalue the euro. And so what do you think? Do you think there will be a time when Russia has to respond decisively and shut it down or this will continue again by Nixon cuts?
- [91:54]
Gilbert Doctorow
Well, Russia has a window of opportunity right now. Mr. Putin opened the special military operation in February 2022 because he and his colleagues were aware of a window of opportunity then. Namely, they had their these wonder wonderwafen, his wonderful state of the art strategic weapons which he had shown first in 2018 but which were in serial production by 2022 and which were years ahead of anything that the west had by speaking of hypersonic missiles and and to other strategic weapons systems. So that was a window opportunity and now is a window opportunity when the Europeans have put publicly said that they are ready for war with Russia in 2029, well, why not do it now when they're not ready for the war? If I'm suggesting that Russia should devastate Ukraine, knock out the whole political class by attacking Kiev, leave and other major cities where these political elites are sitting and then there is no proxy for Europe to wage war on Russia. And they all will have to go back to the stone under which they were sitting before this opportunity to harm Russia came to them as a gift.
- [93:22]
Host 2
So you have a new series of war diaries and your works serve as a really great anthology of the Western response to Russian conflicts which have been escalating for decades. Now tell me about this project before I let you go.
- [93:41]
Gilbert Doctorow
Well, I just published from May, June of this year, I just published volume, volume two on 2024 and volume three on 2025. And these are unusual. The books are unusual in the sense that they are a primary source. They are, I call them diaries in an expanded sense. They are daily journals or almost daily journals. And they are also transcripts and links to my conversations with major podcast owners like yourselves, which give you a sense of what were the issues of the moment in media, what was on people's minds in the west, how this war was going, and on Russian minds on how this war was going and what did they expect to happen next? And of course, we've all been caught out because the war has evolved in unforeseeable ways. It's now we can now call safely a drone war when that was no way foreseeable in 2022 or 2023. And I have organized the material around the changing nature of the war and the changing global context. The 2025 in particular stands out as being the year of Donald Trump in which the action on the battlefield was shadowed, put in the shadows by the action on the diplomatic field where Donald Trump was dominant and where everybody was responding to what he was doing, either leaning towards Vladimir Putin one day and particularly including within the summit in Anchorage, or seemingly leading the other way in support of the Ukrainians. So how the war moved as seen looking forward as history. The looking forward, not history. Looking back. When you look back at history, then the lines of how things happened now are perfectly clear to most anybody who isn't often near sighted. And it looks like it was moving in an unchangeable way, that this had to happen the way it did. When you're looking at history in the future, how things are going to be based on what you know today, nothing is certain. And our doubts and our uncertainties are what come out in this book, in these books. As I say, each book speaks of a specific period which had, which had a part of this evolving war that, that was changed in the next part. And I'm hoping that what I'm now, now putting together, which is volume four, and he's already got 150 pages of manuscript, that this will be the final volume. I'm very hopeful that either Mr. Putin or whoever succeeds Mr. Putin will do what has to be done and end this damned war which has cost maybe 2 million casualties on both sides, the majority of course, on the Ukrainian side. But that doesn't make the losses in Russia any less. If 350,000 or 380,000 Russians have died, and probably four times that number have been, have their lives changed forever by severe injuries incurred during the war, that is a terrible price to pay. And Mr. Putin, who has said repeatedly that he tries to minimize the loss of life among his soldiers. The best way to do it is to end the war by blasting Kiev to hell right now.
- [97:23]
Host 2
Right. Which is not something we are advocating for. But decapitating the Ukrainian military would have saved a lot of pain, you know, some years back, and that has not happened. So I appreciate your perspective very much. My guest today has been Gilbert Doctorow. If you are not subscribed to his substack, you are missing out on the ability to truly understand this conflict. It's one of my favorite substacks. It's called the Armageddon Newsletter. Thank you so much for offering your time. It was a pleasure to catch up with you. I know you've been really busy traveling in and out of Russia and that's why you're one of my favorite perspectives. So it's a pleasure to see you again.
- [98:02]
Gilbert Doctorow
Very kind of you to host me.
- [98:04]
Host 2
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- [100:44]
Host 1
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