[00:00:00] What's going on everybody?
[00:00:03] Ben the Breaker of Banks is here with Daily Audio Cash March 20th, 2024.
[00:00:11] First and foremost you can expect Patriot Power hour back in its full delight including
[00:00:17] the news blitz and political geo, geo event and all types of nature health news just runs
[00:00:27] the full game.
[00:00:28] Tonight though, I'm going to be focusing on finance and economics but next week Patriot Power
[00:00:34] Hour will be right back here on the Prepper Broadcasting Network.
[00:00:39] But hey, didn't want to wait that long we have a lot of economic news so I'm just going
[00:00:43] to dive right into it.
[00:00:45] First off this is a site you all need to go to and you all need to bookmark ready for
[00:00:51] this.
[00:00:52] Some of you already have this especially your longtime listener and Patriot Power Hour
[00:00:55] but here you go.
[00:00:58] USDETCLOCK.org USDETCLOCK.org All types of stats go through just one or two of these
[00:01:19] and you'll go crazy if you want to look at them all I mean, I don't suggest doing
[00:01:23] them.
[00:01:24] Just take it one bite out of time so we'll just review a few today but there are at least
[00:01:28] 40 or 50 metrics here on this landing page.
[00:01:34] I'll pick the most basic one USDETCLOCK.org USDETCLOCK.org is at 34.5 trillion that's up more than
[00:01:43] 500 billion in the past few months.
[00:01:48] They're saying every 100 days we add 1 trillion to our national debt.
[00:01:56] So at USDETCLOCK.org you can actually see it tick up.
[00:02:01] I mean literally it's about 10 to $15,000 per second so I'm talking right here and it's
[00:02:07] gone from about 600,000 to 700,000 so yeah about 4 seconds to go $100,000 it's kind of
[00:02:16] crazy.
[00:02:17] That has another metric, debt per citizen, 102,000 per citizen.
[00:02:23] debt per taxpayer, $266,000 right now.
[00:02:27] Don't forget the citizens include the children and elderly that don't have a job let alone
[00:02:33] unemployed so that's why per taxpayer it's way higher than just per citizen but even 102,000
[00:02:41] per citizen is kind of crazy but per taxpayer, 266 grand yeah okay.
[00:02:46] It's just one set of the numbers.
[00:02:48] I'm going to look at another one, I'm just going to put my finger here.
[00:02:52] There we go.
[00:02:53] We have US union workers.
[00:02:57] You can see how many union workers there are and how many government employees there are.
[00:03:01] There's a lot.
[00:03:02] There's 23.7 million government employees.
[00:03:06] Now of course they're in their own union in a way so you add that number plus the 15.6
[00:03:12] million union workers.
[00:03:14] It has the actual real updated numbers every time the Federal Reserve or other sources update
[00:03:20] their numbers.
[00:03:21] You can see the median income, 39,000 so the median income right now is $39,430 in America
[00:03:31] but the debt per taxpayer is 266,000 like come on you're making 39, 40 grand a year and
[00:03:38] you got debt of 266 grand and that doesn't include like your mortgage.
[00:03:43] That's not like we're not talking about mortgage here this is just like credit card.
[00:03:46] Alright, we also see the Federal tax revenue so they have the revenue, they have the debt,
[00:03:55] they have the spending in here, they have the price of gold, Bitcoin silver.
[00:03:59] They think they have maybe corn price or something.
[00:04:04] They don't have that much food prices but they do have a healthcare cost so healthcare
[00:04:10] costs now per citizen, 14,000.
[00:04:17] That's crazy right?
[00:04:19] But things are expensive just think one overnight hospital stays like 100 grand can be for real.
[00:04:28] So healthcare costs now 14 grand, almost 15 grand per citizen per year.
[00:04:35] Just 24 years ago that was about 5 grand so it's tripled in 24 years as an example.
[00:04:42] So anyway I won't go through all these but we have trade deficit with China, all types
[00:04:47] of stuff.
[00:04:48] USDeclock.org go check that out I wanted to shout that out since we haven't done the
[00:04:52] future danger news blitz for a while and you need a dashboard there you go but we will
[00:04:57] be back with the future danger dashboard next week.
[00:04:59] I do have a few other articles to go through this won't be a full hour long by any means
[00:05:06] but it will be a little longer than your average DAC who will see let's go here.
[00:05:14] This I got all my articles laid out but it's been a few weeks since I've done live air
[00:05:18] so get the jitters back as the best part about going live.
[00:05:22] So it bums me out potentially about speaker killing their live show.
[00:05:27] It's just not as fun when you're pre recording it and then uploading it because you can't
[00:05:32] mess up with your life back on wood.
[00:05:35] Here we go.
[00:05:36] Here's an article that's going to set the stage for the next few articles let's say.
[00:05:44] And it comes to the title of this DAC or part of the title.
[00:05:51] The decay and destruction of American cities.
[00:05:56] So New York City, New York, New York, the big apple only 30% of New Yorkers are happy with
[00:06:02] the city's quality of life.
[00:06:04] 50% playing on leaving within five years.
[00:06:07] Half.
[00:06:09] New York's had a lot of boom and bust cycles in the way and I know in the early mid 70s
[00:06:15] it was a hell hole.
[00:06:17] And some people would say it always has and always will be.
[00:06:21] But first time I went to New York was probably like 2010.
[00:06:26] So several years after 9-11 and before a lot of the degradation and crime we've seen spikes
[00:06:34] in the last few years and before the freaking pandemic which definitely shifted things.
[00:06:39] Anyway, it was relatively nice city.
[00:06:41] It's crazy big city but a lot of cool stuff to see.
[00:06:44] Whatever I could never live there even at its peak and nicest let alone as it's decaying.
[00:06:50] And apparently only 30% are happy there and those are probably the billionaires that
[00:06:55] probably don't even live there very often.
[00:07:00] New Yorkers are fiercely loyal so in a way only 30% are happy and only half want to stay
[00:07:07] more than five years.
[00:07:08] Yeah, a lot of people it's kind of a transient city for sure but on the other hand a lot
[00:07:13] of people stayed there for multi-generation so this isn't just like Manhattan or lower
[00:07:20] downtown.
[00:07:21] The super rich area is necessarily includes like Bronx and all that.
[00:07:26] So anyway you've been seeing a lot of crime in New York.
[00:07:31] A lot of craziness, a lot of corruption at the government and all the different services
[00:07:38] and courts, police etc.
[00:07:44] So let's go explore this a little more.
[00:07:46] We'll look at this article itself but also a couple other articles that might explain
[00:07:49] why New Yorkers are in a lot of city folk in general are looking to get a dodge and
[00:07:53] why that's another reason to be a prepper and get moving because there's a lot of rich
[00:08:00] city folk that want to get out and get their own land.
[00:08:03] So rural prices may not be as low as you hope they would be.
[00:08:11] Long story short, ever since COVID and even a little before but definitely since COVID
[00:08:16] huge exodus from cities of the fluent people out of the cities now whose what's happening
[00:08:22] are the cities becoming abandoned in certain areas.
[00:08:26] They're also being replaced with who?
[00:08:28] Well they'll legally immigrants come on over.
[00:08:32] I mean even the Biden administration admits like several hundred thousand have come
[00:08:38] over in the past 12 months and like multiple millions.
[00:08:43] They admit like multiple millions since Biden became president so you know that's like
[00:08:47] three times more than they say.
[00:08:50] So they're saying like two or three million is like nine million.
[00:08:53] Let's just go with their word.
[00:08:54] This is a couple million.
[00:08:55] Well a lot of them are coming into these cities and other city areas and we'll go and
[00:09:03] hold a try about this but you've seen the articles where those cities usually debit
[00:09:09] crap pretty much always democrat mayor or other city council whatever say we can't take
[00:09:16] anymore.
[00:09:17] They've taken like 500 right.
[00:09:20] Point is if you're looking for a globalist conspiracy it's force the fluent people out
[00:09:25] of the cities which except for certain very rich corridors like for example like near
[00:09:32] central park right that place will always do their best to keep that super nice and stuff
[00:09:37] but anyway public safety is one of the biggest issues but also cost.
[00:09:47] And just overall lawlessness.
[00:09:51] So this is the subway went oh okay here's a big part the subway in 2017 which is like about
[00:09:57] this first time I met or I met first time I went there they say that was it was rated
[00:10:03] really relatively high people feeling safe in the subway again subjective I guess but
[00:10:11] it's just like cut and half.
[00:10:12] And then where people that felt safe on the subway just the last seven years eight years
[00:10:16] yeah seven years.
[00:10:18] So why what's going on with this is a democratic rule yes democrat party is definitely
[00:10:26] at fault for some of this but it goes more than that.
[00:10:29] A big part of it is what I just read off to start to show the US debt clock all the inflation
[00:10:35] and just kicking the can down the road all that is going to manifest in certain ways and
[00:10:42] the lower rungs of society become more desperate and kind of the people that used to be doing
[00:10:50] okay now there clinging for life economically or even literally it just you know it starts
[00:10:58] to accelerate as well.
[00:11:00] So let's go look at some other reasons though and what's going on maybe saw this article
[00:11:05] I mostly I think came out today.
[00:11:11] Squatters at a New York house where the homeowner was arrested trying to get these squatters
[00:11:15] out I saw someone on X or on Twitter say squatters rights is like communism in action which
[00:11:23] is kind of funny and of course all the communist you know hammer and sickle guys came in
[00:11:29] and said that's not real communist anyway point is this was in Queens New York which
[00:11:36] was included in that survey I just talked about and definitely not the richest part of New
[00:11:40] York let's just say a homeowner changed the locks on our own house in order to evict
[00:11:48] some squatters but do the squatters rights if people are able to live there for 30 days
[00:11:54] I guess without a with a without you kicking them out they get squatters rights and in
[00:12:01] certain parts of the country this is legit I could hardly believe it but I've heard kind
[00:12:06] of a squatters rights but it sounds like total garbage I didn't even know it was like
[00:12:10] real or like a meme but apparently it's real thing in some areas and I know and I believe
[00:12:17] in believe in Florida they affirmatively pass the legislation to make sure this doesn't
[00:12:25] happen but anyway I'm not I did not do much research into the squatters rights but this
[00:12:30] is why I always said I'm not gonna be a landlord I'm not gonna own rental properties because
[00:12:37] just go back to COVID they can do a moratorium the government and say you cannot collect
[00:12:43] rent from your tenants or they you know they'll say well you can't the government has a
[00:12:51] program where we'll give you a little bit of stipend but you can't collect rent from them
[00:12:56] because the economy is so bad or or you have to have people that you don't want in there
[00:13:01] or you have you know all types of things that the government can do to manipulate your
[00:13:06] rights as a landlord it's kind of rough now hey trust me I don't own any rental properties
[00:13:12] right now at all by any means and I've had a lot of landlords in my life most of them actually
[00:13:16] been no problem just paid around time don't destroy things and most of them have no problem
[00:13:22] so I'm not like team landlord because trust me trust me landlords are important though
[00:13:31] and you know they can take advantage and landlord to have taken advantage a lot but squatters
[00:13:38] I don't know and just the risk of the government saying just like they like they did in COVID oh there's
[00:13:46] a one month or three month or three year or an indefinite moratorium on rent that's I mean
[00:13:54] you're screwed that can make you go bankrupt and then oh well that's okay as long as you get the
[00:14:00] most recent vaccination and ID card then you'll qualify for government bailout so you'll be okay
[00:14:08] Mr landlord what was it if you don't want that vaccination I mean I just just a sample idea
[00:14:13] for what I'm talking about here I got a lot more ideas than just that um anyway
[00:14:19] I got like five more articles ago and I've already been live like uh 14 minutes
[00:14:23] I got another 10 minutes and I gotta go um but it's going I can talk a lot more about the
[00:14:29] squatters rights and we can try to talk more but let's move on uh another reason potentially
[00:14:34] or here another city it's probably falling off a little quicker than New York
[00:14:41] Baltimore Bloomberg reports mayor Scott plans offer residents more than 200 city-owned vacant
[00:14:49] properties for a dollar each however those residents must rehab the homes and live in them
[00:14:56] so not for landlords so an enterprising young man so just myself can't go by 10 of these
[00:15:04] and go rent them all out if I front all the money to refurbish them in the burned out core of
[00:15:11] Baltimore and if I take that huge risk I'm not saying I would if I sold all my Bitcoin and decided
[00:15:17] buy a burnt out block essentially in Baltimore but then hey I will some people would do that
[00:15:24] and they would actually invest and maybe rehab some of these areas because they think hey well
[00:15:28] I'll rent them out and you can say well they'd be taking advantage of the people renting from them
[00:15:32] well okay then it's just a vacant burned out lot there you go it's Haiti right trust me I'm
[00:15:39] the breaker bankers I'm not a fan of uh some of the gimmicks they pull out but
[00:15:46] a system of free market is important and the bankers hate free market that's why I hate them
[00:15:53] so leave it at that but uh yeah you have to go live there can't be at the landlord but still
[00:16:01] putting that to the side uh well is anyone gonna buy these is the question or will the government
[00:16:08] end up buying them rehabbing them and then giving them as low income or even zero rent you know
[00:16:15] section 8 housing or reduced rent you know all that type of stuff with government you know taxpayers
[00:16:21] really funding it hey man it's tough it's tough if uh I'm not saying there shouldn't be there should
[00:16:31] not be any social safety net at all but I don't know man maybe I should say that because every time
[00:16:39] the government gets involved it's just so wasteful and so so bad and there's just people's families
[00:16:45] churches or even non-denominational organizations can almost always are pretty much always with
[00:16:54] very rare exceptions and usually that's from crime that's illegal anyway they can do much better
[00:17:01] per dollar than the government and there's less corruption etc less moral hazard so
[00:17:07] anyway balkybore totally collapsing from a peak of 1 million residents in 1960 charm city
[00:17:19] down to 556K so cut in half essentially and this chart which I know you guys can't see the chart but
[00:17:29] but looking just in the past 10 years so you know not going all the way back to the
[00:17:37] 19 or 1800s in 1920 and 1940 1960 which was the peak Baltimore population and it all fell
[00:17:43] off from 1960 on but just looking at the year 2000 on it has dropped like 20 plus percent
[00:17:55] and there's a couple falloffs on it but it really started with those Baltimore rides in 2015 which
[00:18:02] I remember because there was just like I worked at a hotel company and color hotels got trashed
[00:18:07] I didn't live in Baltimore but I do the shirts for it at the time so Baltimore rides it
[00:18:14] fell off pretty big after that and then after COVID it just really went down
[00:18:19] please force you know the whole the fund the police crimes up and then of course inflation is up
[00:18:28] and all that stuff I talked about with the US debt clock is just in the background crushing
[00:18:33] all this so anyway Baltimore's collapsed trying to sell it off and rehab it but got a feeling
[00:18:39] their socialist gimmicks aren't going to work out the government is just going to come in and
[00:18:43] straight up buy it and then give it to the legals or you know make it in section 8 housing so
[00:18:49] we'll check in on that in the future so here you go that's pretty much oh here we go
[00:18:57] no sorry this is the same the same article about about everything's worse than six years ago
[00:19:03] New Yorkers feel unsafe yeah and it's not even summertime this summer could be could be rough in New
[00:19:13] but a bit of a couple more articles and we'll call it a night
[00:19:22] I was gonna do that one but it's a little bit more of a topical funny one so let's keep this
[00:19:28] straight business
[00:19:32] Intel Intel the chip manufacturer you know the one that we're gonna have to rely on or one of
[00:19:40] the major companies we're gonna rely on to beat China in the AI race and beat other countries
[00:19:49] well guess what they've spent since 2008 which seems like a long time ago but man it doesn't
[00:19:57] ain't really long ago in the grand scheme of things a hundred billion dollars of Intel
[00:20:04] that they've spent on buying back shares what is buying back shares without getting to
[00:20:11] detailed it's a way for the executives
[00:20:18] to reduce the number of shares outstanding so the all else equal the stock price goes up
[00:20:27] so it looks like hey our stock price doubled in the last three years I deserve a 40 million dollar bonus
[00:20:37] well actually their earnings stayed the same they just reduced the number of shares outstanding
[00:20:44] and just looks better on the stock price it's the opposite of issuing shares which you normally do
[00:20:51] to get more capital so you can invest in people technology and equipment the good old capital
[00:21:02] labor and technology
[00:21:07] so a hundred billion dollars from my intel pretty much just deduce their stocks and
[00:21:12] get the stocks out now a lot of money does go to the average or above average American as a 401K
[00:21:20] in retirement pensions and all that so some of that buyback money was received well
[00:21:28] by the economy but we all know a great great portion of that went into the pockets of the banksters
[00:21:34] in their cabal of friends not the 1% but the 1% of 1%
[00:21:42] so actually probably 1% of 1% of 1% but let's not get too technical so
[00:21:50] the stock buybacks have been all across corporate America and in the past two decades they didn't
[00:21:56] really do as much of this before but it's a great example here with intel but think about a lot
[00:22:03] of the big corporations that were supposed to be you know the mainstay of America Boeing
[00:22:11] intel several others they've been buying back their stock instead of investing in research and
[00:22:18] development and coming up with better stuff than China or building factories in America
[00:22:24] they're always saying oh it's cheaper to outsource to China Taiwan India whatever it is
[00:22:30] you know we're talking some I conducted years so Taiwan has a lot of it but China and
[00:22:33] even South Korean stuff as well they're bringing some back to America finally but over the last 20
[00:22:39] years they rarely invested that stuff in America so they spend their money on you know they saved
[00:22:46] money outsourcing everything from America and then that money they saved it's bad enough to outsource
[00:22:52] it but if they had saved you know all that money they'd reinvested into more scientists more research
[00:22:58] more projects more innovation in America that employ people in America more capital equipment fine
[00:23:06] they outsource some stuff to China whatever but we got a bunch of money off that and we invested
[00:23:10] that part in America at least whatever that's we could play nice with other countries maybe even
[00:23:15] if their comments dictatorships you know probably bad ideas still but it's okay we love our Walmart
[00:23:20] stuff but no intel didn't do that they didn't invest in America with those proceeds they just saved
[00:23:27] all that money then they paid out the executive shareholders and yeah just just rough man uh so now
[00:23:36] after that doing that for the last 20 years intel is receiving okay this is where it's really bad
[00:23:42] and kind of pisses me off just a little bit trying to curse here after I guess it's 94 billion not
[00:23:52] a hundred billions sorry so after wasting 94 billion on share buybacks between 2008 and 2024
[00:24:03] they're now receiving 23 billion in government grants and loans
[00:24:09] and another 25 billion in investment tax credits to invest in the US
[00:24:17] so and actually they're gonna invest a hundred billion in the US and they
[00:24:23] 94 billion was a share by back so a little bit more yeah but with inflation that's worth
[00:24:29] way less than it was in 2012 or 14 or 18 but for them to invest a hundred billion
[00:24:37] they're getting like 50 billion from the government
[00:24:41] so it's like a two for one so long story short total scam job just I mean that's bad enough
[00:24:50] that and if that was the only thing going on our economy could still be strong and go forward
[00:24:54] but that's just one freaking thing going on here's here's a great one for you
[00:25:02] when someone asks why things are so expensive realize this are you ready for this
[00:25:07] oh 80% of all US dollars in existence have been printed since January 2020
[00:25:23] so remember January 2020 it was a tough time got tougher in March and April and beyond with
[00:25:32] the COVID and all that but it's not that long ago wasn't that long ago 2020
[00:25:41] hell even if you're like 25 years old 2020 wasn't that long ago I mean you know time goes way faster
[00:25:48] when you're young or like five six years feels like forever go hell is only four years four years ago
[00:25:55] four years
[00:26:00] well in four years more than eight now because this is actually kind of an old thing here I'm looking
[00:26:06] at here more than 80% of US dollars in existence were printed pretty much COVID bailouts all the
[00:26:16] 0% interest rates all the stimulus checks all the corporate bailouts and now all the stuff
[00:26:23] are sending a freaking crane and all the other everything all that added up
[00:26:31] 80% so everything from let's just go from hell let's be very conservative we'll go from World War
[00:26:40] 2 so let's end the World War 2 1945 until 2020 that period is 20% of dollars 2020 2024 is 80%
[00:26:58] okay get that is that help it's because we're on a parabolic curve it's going up at a faster and
[00:27:07] faster rate because it's US dollar is just inflating away exploding um and they say actually
[00:27:16] powell's out today said the Fed is gonna gonna lower rates a couple times but uh as soon as they
[00:27:26] as soon as they do that things might fall apart we'll see all right I got one more article here maybe
[00:27:32] we'll call a night
[00:27:41] there you go this is going just to end on sure for you know intel and Boeing going down but now
[00:27:49] there's Nvidia right and there's Amazon and there's you know sure thankfully in future
[00:27:55] future Danza huge proponent of this and points it out and I can agree with him that American
[00:27:59] economy is pretty damn resilient and can get through all these headwinds and corruption and BS
[00:28:05] true but here's a scary scary stat
[00:28:11] if you're looking at just the top top performers of the stock market
[00:28:16] kind of like Feaster Fam and think of it as that winter takes off only the top
[00:28:22] one out of four one out of five stocks those are doing great right now
[00:28:28] but the average stock the three out of four the even four out of five for the non super flyers I
[00:28:38] don't that aren't just crushing it they're doing horrible so the average average Joe out there
[00:28:44] that's how I look at it too it's like the average Joe out there is getting kicked in the teeth
[00:28:49] maybe the top 10 top 20% still hanging in there making decent money getting a few percent extra per
[00:28:58] year at work right or even getting promotions but the average person has fallen behind the inflation
[00:29:05] curve for sure but the bottom ones are really you know i.e home becoming homeless in that respect so
[00:29:14] but look at this chart just looking at stocks not people the top top stocks are still our
[00:29:20] kickin ass actually of course we have all this dead and all this spending and all this other stuff
[00:29:24] going on share buybacks but they are kicking ass but it's those the median kind of that right in
[00:29:30] the middle and definitely the low air end stocks are starting to fall apart does that mean we're
[00:29:36] gonna see a stock market crash soon well this is as high as it was in 1932 which is right in the
[00:29:43] middle of depression style market crash and it's a little bit higher than it was during COVID
[00:29:51] and a little bit higher than it was at the dot com bust the discrepancy between the
[00:29:58] stocks that are doing well you know the top percentiles versus the lower ones so
[00:30:04] that's not good he want the well than everything to be stable he wanted to be
[00:30:07] not susceptible to massive shocks if one of those falls off which may see here so anyway
[00:30:17] I'll even at that this has been a good daily audio cache right at 30 minutes i said i got to get
[00:30:21] off at 30 minutes no matter what this is not at a this is not an official patreon power hour
[00:30:28] numbered episode but we will be back next week with the first patreon power hour of the new season
[00:30:35] so i really look forward to that future dan and i going through the news blitz talking about some
[00:30:40] of the topics maybe we haven't talked on that's taken past in the past few weeks but it was
[00:30:46] nice to have a couple a couple weeks off as well um because i got a feeling 2024 the rest of
[00:30:52] this year it's not gonna be quiet by any means and by the time we get the September or October
[00:31:00] november election time whole man oh man so i don't think we'll be taking too many more breaks
[00:31:05] so we enjoyed our little spring break i guess he called her and to winter and break but again next
[00:31:11] week next Wednesday 27th of March 7 p.m. Eastern god willing patreon power hour will be back so
[00:31:20] be sure to tune in till then guys bend the breaker banks to sign off catch you guys later
[00:31:30] you