Robert and James cover Ukraine's defeat of the Russian Black Sea Fleet using irregular warfare, and James looks over how Myanmar's rebels have stymied the junta Navy.

Robert and James cover Ukraine's defeat of the Russian Black Sea Fleet using irregular warfare, and James looks over how Myanmar's rebels have stymied the junta Navy.

It Could Happen Here started as an exploration of the possibility of a new civil war. Now a daily show, it's evolved into a chronicle of collapse as it happens, and an exploration of how we might build a better future. Every day Robert Evans, Garrison Davis, Mia Wong, and James Stout take you on a jaunty walk through the burning ruins of the old world and towards a better one that lays just on the horizon.

It Could Happen Here started as an exploration of the possibility of a new civil war. Now a daily show, it's evolved into a chronicle of collapse as it happens, and an exploration of how we might build a better future. Every day Robert Evans, Garrison Davis, Mia Wong, and James Stout take you on a jaunty walk through the burning ruins of the old world and towards a better one that lays just on the horizon.

It Could Happen Here

Irregular Naval Warfare And You (Ukraine and Myanmar Edition)

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/41e0136b-ff2a-4f95-8860-b141017ce2d2/transcript

Andrew is joined by Mia to discuss different conceptions of indigeneity and what they mean politically.

Andrew is joined by Mia to discuss different conceptions of indigeneity and what they mean politically.

Indigeneity with Andrew

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8df2221c-d21e-4054-b2de-b43201829dd5/transcript

Mia is once again joined by Molly to discuss a bank run on another type of shadow banks caused by subprime car loans!

Sources:

https://businessjournalism.org/2026/01/tricolor-investigation/

https://sg.finance.yahoo.com/news/deutsche-bank-signals-30b-risk-020300965.html

https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-03-12-2026/card/morgan-stanley-private-credit-fund-hit-with-redemption-requests-IS8PSZh497HC5aF4CkGN

https://europeanbusinessmagazine.com/business/private-credit-defaults-have-just-passed-their-2008-peak/

https://finance.yahoo.com/markets/stocks/articles/morgan-stanley-tests-private-credit-110634713.html

https://www.cnn.com/2026/02/23/business/what-is-blue-owl-private-credit

https://finance.yahoo.com/markets/stocks/articles/barclays-weighs-mfs-fallout-private-080551362.html

https://www.cnbc.com/2026/04/16/apollo-global-marc-rowan-private-credit-funds-redemptions.html

https://www.reuters.com/markets/europe/apollos-private-credit-fund-limits-investor-withdrawals-after-redemption-2026-03-23/

https://www.reuters.com/legal/transactional/wall-street-banks-trade-derivatives-bet-pain-private-credit-ft-reports-2026-04-17/

https://www.cnbc.com/2026/03/23/apollo-private-credit-fund-gives-investors-only-45percent-of-requested-withdrawals.html

https://www.jdsupra.com/legalnews/shadow-banking-and-private-credit-what-7018536/

https://www.privatedebtinvestor.com/insight-the-challenges-for-pd-arms-of-pe-firms/

https://archive.vn/f9UdP

https://archive.vn/HUxEo#selection-1637.0-1650.0

https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1111.pdf?sc_lang=en

https://www.deloitte.com/us/en/insights/industry/financial-services/banks-private-credit-partnerships.html

Mia is once again joined by Molly to discuss a bank run on another type of shadow banks caused by subprime car loans!
Sources:
<a href="https://businessjournalism.org/2026/01/tricolor-investigation/">https://businessjournalism.org/2026/01/tricolor-investigation/</a>
<a href="https://sg.finance.yahoo.com/news/deutsche-bank-signals-30b-risk-020300965.html">https://sg.finance.yahoo.com/news/deutsche-bank-signals-30b-risk-020300965.html</a>
<a href="https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-03-12-2026/card/morgan-stanley-private-credit-fund-hit-with-redemption-requests-IS8PSZh497HC5aF4CkGN">https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-03-12-2026/card/morgan-stanley-private-credit-fund-hit-with-redemption-requests-IS8PSZh497HC5aF4CkGN</a>
<a href="https://europeanbusinessmagazine.com/business/private-credit-defaults-have-just-passed-their-2008-peak/">https://europeanbusinessmagazine.com/business/private-credit-defaults-have-just-passed-their-2008-peak/</a>
<a href="https://finance.yahoo.com/markets/stocks/articles/morgan-stanley-tests-private-credit-110634713.html">https://finance.yahoo.com/markets/stocks/articles/morgan-stanley-tests-private-credit-110634713.html</a>
<a href="https://www.cnn.com/2026/02/23/business/what-is-blue-owl-private-credit">https://www.cnn.com/2026/02/23/business/what-is-blue-owl-private-credit</a>
<a href="https://finance.yahoo.com/markets/stocks/articles/barclays-weighs-mfs-fallout-private-080551362.html">https://finance.yahoo.com/markets/stocks/articles/barclays-weighs-mfs-fallout-private-080551362.html</a>
<a href="https://www.cnbc.com/2026/04/16/apollo-global-marc-rowan-private-credit-funds-redemptions.html">https://www.cnbc.com/2026/04/16/apollo-global-marc-rowan-private-credit-funds-redemptions.html</a>
<a href="https://www.reuters.com/markets/europe/apollos-private-credit-fund-limits-investor-withdrawals-after-redemption-2026-03-23/">https://www.reuters.com/markets/europe/apollos-private-credit-fund-limits-investor-withdrawals-after-redemption-2026-03-23/</a>
<a href="https://www.reuters.com/legal/transactional/wall-street-banks-trade-derivatives-bet-pain-private-credit-ft-reports-2026-04-17/">https://www.reuters.com/legal/transactional/wall-street-banks-trade-derivatives-bet-pain-private-credit-ft-reports-2026-04-17/</a>
<a href="https://www.cnbc.com/2026/03/23/apollo-private-credit-fund-gives-investors-only-45percent-of-requested-withdrawals.html">https://www.cnbc.com/2026/03/23/apollo-private-credit-fund-gives-investors-only-45percent-of-requested-withdrawals.html</a>
<a href="https://www.jdsupra.com/legalnews/shadow-banking-and-private-credit-what-7018536/">https://www.jdsupra.com/legalnews/shadow-banking-and-private-credit-what-7018536/</a>
<a href="https://www.privatedebtinvestor.com/insight-the-challenges-for-pd-arms-of-pe-firms/">https://www.privatedebtinvestor.com/insight-the-challenges-for-pd-arms-of-pe-firms/</a>
<a href="https://archive.vn/f9UdP">https://archive.vn/f9UdP</a>
<a href="https://archive.vn/HUxEo#selection-1637.0-1650.0">https://archive.vn/HUxEo#selection-1637.0-1650.0</a>
<a href="https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1111.pdf?sc_lang=en">https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1111.pdf?sc_lang=en</a>
<a href="https://www.deloitte.com/us/en/insights/industry/financial-services/banks-private-credit-partnerships.html">https://www.deloitte.com/us/en/insights/industry/financial-services/banks-private-credit-partnerships.html</a>

Private Credit: It's 2008's All The Way Down

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/59899f02-f616-46dc-a21f-b4310182f97b/transcript

James reads Margaret the first chapter of his new book

James reads Margaret the first chapter of his new book

CZM Book Club: Against the State by James Stout

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6ed09ed9-9001-4129-9358-b431000b4275/transcript

Irregular Naval Warfare And You (Ukraine and Myanmar Edition)

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