[00:00:00] Ben the breaker of banksters here with a daily audio cache how y'all doing?
[00:00:08] Well it's March 27th, 2024 Patriot Power Hour will have its season premiere next week.
[00:00:16] Got a couple things in store looking forward to it.
[00:00:20] So with that said I got a lot of economic news to get to.
[00:00:25] I'll definitely start with the bridge in Baltimore ironically just a week ago.
[00:00:31] I was talking about the burnout of American cities and New York City in Baltimore were my two examples.
[00:00:41] The Baltimore example in particular about hey you can buy abandoned buildings in Baltimore for a dollar maybe you can rehab them.
[00:00:52] And I was saying man in the old America that would probably work but nowadays it's no.
[00:00:58] Well just less than a week later this really put the dagger in the heart of Baltimore who as we reviewed last week.
[00:01:07] This has lost 70 plus percent of its population since it's peaking the 60s and a very large portion just in the last five years due to the crime and COVID and just overall exodus.
[00:01:23] Well there's one thing Baltimore still had it was the harbor both the inner harbor a wealthy area that's been transformed into hotels convention center the ballpark.
[00:01:35] Marina's all that and shipping of course well you can still go put around I guess in Baltimore harbor until you get to where that bridge used to be.
[00:01:49] So maybe the tourism will still be there but certainly 15 million dollars a day in economic activity is currently being halted.
[00:02:01] Now people have talked about is this terrorism is this accident.
[00:02:09] I'm not going to say either way but someone who I've talked about a lot kind of a little bit about my personal life I've worked with insurance well crazy accidents happen all the time.
[00:02:26] Very advanced and redundant systems that one and a million things happen sometimes and it's not a terrorist now in other hand where essentially a world war three or right now so head on a swivel.
[00:02:42] That's what I'll say about that but the practical effects are the second largest port just behind Norfolk.
[00:02:52] I think in the New York and New Jersey point is Baltimore is huge huge port in particular for heavy machinery and energy coal in particular.
[00:03:05] So it's going to have an economic impact it's not going to cause the next great impression just because Baltimore got shut down let me tell you that okay so that's been over hyped.
[00:03:16] In fact we're going to go look at the debt clock right now 15 million dollars a day in economic activity sounds like a lot compared to the amount of debt spending and fraud going on nationally hell in the state of Maryland probably but definitely nationally let alone worldwide.
[00:03:38] There's a very small drop in the bucket it's severe it's major economic hardship in a mess up supply lines people are going to lose their jobs prices are going to go up delays so nothing compared to covid shutdowns and nothing compared to world war.
[00:03:57] So it's a big deal but let's keep focus on some of the bigger items like again world war three and by the way.
[00:04:06] What's going on in Ukraine is getting real scary real scary I might keep most of this day D.A.C.
[00:04:16] to economics right now but the concert hall getting shot up a Moscow Moscow saying the US Ukraine pretty much helped this occur.
[00:04:29] Meanwhile the other side our side quote quote is saying nope Russia you did it to yourself to escalate the war France is putting troops on the ground Ukraine news is coming out from Romania and other countries border Ukraine that American and NATO troops are staging up and already some in Ukraine definitely it's already been known that many thousands of westerners are.
[00:04:58] Ukraine fighting you know former not on behalf of the US government or other governments but maybe they did a couple tours and then now their mercenary going over there for essentially so that was already known but now with the official official support boots on the ground is coming out hundreds of people getting shot up in a concert hall in Moscow I imagine that that happened at the JFK center in DC.
[00:05:27] So that's rough that's rough so did someone try to take out the Baltimore port as a you know cyber attack to make this boat crash order is just been crazy happen I don't know we'll see practical effects big economic practical effects still nothing though compared to the economic brick wall we are heading towards with the debt spending so let's really quickly go look and put some of these numbers.
[00:05:55] All right so let's say $15 million a day and let's say that port shut down for a year and first off there's going to remove a lot of that bridge and build the ships in and out that bridge is super important part of transport but you know it'll cause the lays economic hardships but you know again it's not like Baltimore's wiped wiped off the map with an atomic bomb or something okay.
[00:06:21] So let's just say $15 million a day how much is that per year that's a lot that is a lot we're looking at four or five billion dollars a year just back on the envelope in my head calculation let's just say I saw that five billion dollars let's say it's.
[00:06:49] Let's just say for a full year worth of economic activity maybe they're able to get ships in and out after a few months couple months and then they're going to build that bridge it's going to take a year or two so let's just say a full year worth of total freeze on economic activity
[00:07:06] just put it at a few billion three four five billion dollars that's like crazy amount of money it sounds like and it really is it could bankrupt companies really hurt the bottom line on some of these companies that are super relying on this port but a few billion dollars is nothing but nothing let's go take a look at not only the national debt which is 34.6 trillion dollars many factors larger than what we're talking about
[00:07:35] but just look at total local debt just local debt not state not national not mortgage not credit card local debt 2.4 trillion so just for local municipalities in America this whole Baltimore thing the entire situation is not even a very small portion compared to local debt okay
[00:08:02] so and yeah here's the question why does this all matter on proper broadcasting network because you need to prep your ass off because when the dollar collapses and when economic system collapses is going to make this Baltimore thing it looks like nothing
[00:08:21] it's going to make covid looks like nothing when that was a huge shut down the required trillions and trillions and bailouts and stimulus just to keep things barely floating for a couple years
[00:08:33] so if you're getting hyped about Baltimore need to be about 500,000 times more heights about the entire economic system on fire right now.
[00:08:44] The funny thing is it's kind of we're riding a rocket that's on fire and we know it's going to explode at some point until then we may just keep going new all time highs in the stock market and just more and more spending new defense bills, new government bills all time spending spend spend spend we got this real estate to the moon
[00:09:06] median new home price right now 417,000 dollars in the year 2000 median new home price was 163,000 so 163 to 417,000 much more than double.
[00:09:30] What happens when all this interest explodes that's the thing I've also liking this and I'll leave the Baltimore thing behind I got a few articles to hit and we'll get out of here won't make this too long it is daily out of cash not a full episode after all
[00:09:45] but I've harkened debt and interest on the debt and overall corruption and banks to fraud and the eventual collapse of this monetary system we're in
[00:09:57] I tried to equate that to war and say what would it be like if the Sunk aircraft carrier one of these new Gerald R Ford class carriers that are 13 billion,
[00:10:12] not almost said trillion holy cow and all that much 13 billion dollars and then you add in the aircraft in the personnel and all that I mean it's called like 20 billion, 20 billion dollars per carrier
[00:10:27] well amount of debt spending we're getting which is essentially borrowing from the future so look at this right here the interest on the debt right now annually
[00:10:43] $792 billion that's like 40 aircraft carriers per year my math is right 20 billion dollars per aircraft carrier about 800 billion in debt
[00:11:03] so obviously we don't even have that many aircraft carriers it's like more than triple the number of aircraft carriers we even have but if we were in war right now and we were losing 20, 30, 40 aircraft carriers per year
[00:11:19] or let's just say 10 aircraft carriers and then tons of tanks and personnel I got pretty much World War 2 or more
[00:11:26] that's what the type economic damage that we can done right now and again that makes the Baltimore port thing look very small so just remember this all the news you're going to see
[00:11:36] all the hype Baltimore Baltimore Baltimore it's big it's big it's you know $5 billion is a lot
[00:11:44] it is a military target for all intense and purposes all the cargo that goes through there but keep in mind interests on the debt every year we're bleeding out $792 billion per year on interest
[00:12:01] all right that's not sustainable obviously something's going to have to break at some point what is that going to be
[00:12:15] well doesn't seem like the spending part is going to end anytime soon definitely in certain areas nationally they're just going to keep spending most states will keep spending most cities will keep spending
[00:12:28] but some small areas hopefully kind of try to keep a balanced budget or keep respectable but I'm not New York I'm pretty sure we all know that New York City officials on Monday started handing out prepaid deck debit cards to illegal immigrants as part of a $53 million
[00:12:47] pilot program and then the question of this article is does this incentivize more unlawful boarding cross it's of course it does
[00:12:59] so there's a hotel in New York City called the Roosevelt and it was built in the I think the 1920s and a company I worked for back in the day was a hotel manager for management company for 15 years ago maybe
[00:13:16] and a company party I won a free night two free nights I think at the Roosevelt normally it was like $600 night but you know it's like a raffle at the holiday party and I want it and cool it was a really nice hotel super nice hotel
[00:13:34] that's where they like a good portion of the hotels being used to house illegal immigrants recently
[00:13:40] actually I didn't even it says it actually in this article I didn't even know that this article was going to do it but I'm reading further into it under the program the cards would first be delivered to the Roosevelt hotel which is a midtown Manhattan fancy schmancy
[00:13:56] the first touch point for legal immigrants arriving from the city now the thing is Roosevelt hotel is near grand central terminal in Manhattan so maybe that's why very big hotel it was very expensive but also I can see where maybe they are getting paid so much money from the city that I will just take you know guarantee amount of money and open the hotel up to immigrants
[00:14:26] so there you go so that we know the spending is not going to stop but about taxes are they going to raise taxes on us they would like to try they certainly have hired a lot of new IRS agents haven't they that won't be able to close the gap though
[00:14:42] there's no way of closing the gap massive spending you know if and when there is a major depression tax revenue will plunge the spending will go up and then you're really screwed
[00:14:59] let's move on a little couple more articles here I wanted to get to
[00:15:03] I'm not going to go into a die try about gold versus Bitcoin tonight I love both of those but I love food water security skills and health even more
[00:15:24] but yes preppers diversify financially with your prep skills and otherwise so we can click out of that one I got to read that myself though
[00:15:41] a couple more articles return to the knockout game women punched by strangers in New York City I wanted to tie that to house hung about New York just last week
[00:16:01] so quickly things are deteriorating I hear you sorry to pull up so I get to the numbers of the day in the markets oil up big in the last couple days
[00:16:18] let's go take a let's go take a look at oil quite volatile last few years for sure is good old black gold it peaked back around March 2022 after the invasion of Ukraine came down from about 120 down to 65 last summer
[00:16:44] of course that was by an opening up the strategic petroleum reserve saved us some money in the short term but we might wish we had that in the future we'll see point is it was nice low not as low as it was a few years back
[00:17:03] but you know 60 70 dollar bear oil not horrible but today up to 81 dollars just in the last month it's gone from 68 to 81 gas Ryan ads about $3.60 where it was previously about $2.89 a few months ago
[00:17:25] yeah it's volatile these things happen but if we see a total breakout and we see especially geopolitical tension with Russia with China or another major port terrorist attack or otherwise get shut down whether that's a Suez Panama or another Easter west coast American port
[00:17:48] or even attack on refineries down south point is seems like the economy is putting along with high inflation but getting by getting by most people are getting by
[00:18:04] but it's very precarious it's all based on debt spending that's can't go on forever and if we see a shock in oil making it go to $120 $150 $200 a barrel get ready get ready could get bad so with that I think I will make way for tripping commander believe he's on tonight
[00:18:29] just wanted to get a daily audio cash in from the breaker of banksters talk a little economic numbers and some news and perspective on on Baltimore which is a huge
[00:18:46] huge story for a lot of reasons but not as huge as I always say not as huge as this debt spending that's gonna blow up in our face and what's going to happen when it blows up either hyper inflation
[00:19:00] or just massive depression or a little bit of both for you so keep prepping ladies gentlemen while you have dollars and can earn dollars get as many as you can and spend them on things
[00:19:12] you're gonna want with stuff hits the fan and we're gonna get through this I think we'll have a nice Renaissance another end it just may take a few years so hunker down catch you guys next week on the spring season premiere
[00:19:26] Patriot power hour see you then