Patriot Power Hour #261

[00:00:01] Not too long ago two friends of mine were talking to a Cuban refugee, a businessman who would escape from Castro.

[00:00:30] And in the midst of his story one of my friends turned to the other and said, we don't know how lucky we are.

[00:00:35] And the Cuban stopped and said, how lucky you are. I had some place to escape to.

[00:00:41] And in that sentence he told us the entire story. If we lose freedom here there's no place to escape to. This is the last stand on earth.

[00:00:50] This is the last stand on earth. The last stand on earth.

[00:02:23] The next episode is the next episode of Banksters and Future Dan, the editor of FutureDanger.com.

[00:02:56] Some of them are black on red happening now but those are ones that frequently are.

[00:03:03] And then a lot of topical news. I get the sense that there's maybe a hysteria about how bad things could get at any minute.

[00:03:14] Compared to the actual concrete headlines that show things are bad, those aren't there right now.

[00:03:21] Yeah we're not seeing actualized dangerous headlines. There are a couple on here. We'll go through the news, but there's always a couple high level for sure.

[00:03:30] But like you said economically and geopolitically specifically we're not seeing World War 3. We're not seeing Great Depression 2.0 right now.

[00:03:39] Economic column is empty tonight.

[00:03:41] Yeah it is and markets have been relatively flat and uneventful last week as well. So everyone's just kind of bobbing along.

[00:03:49] The natural debt continues to rise but seems like that's okay.

[00:03:53] So we have this measure of our economy called gross domestic product. Why isn't there like a well understood broad three letter acronym term for the opposite, the debt?

[00:04:10] Gross domestic borrowing.

[00:04:12] Right.

[00:04:14] I think there's no easy way to talk about the rate of increase of federal government deficits, rate of increase of national debt.

[00:04:29] And what's the simplest term you could think of that you could just throw out there in your conversation as opposed to GDP?

[00:04:39] Which when I was younger it was gross national product. They changed it to gross domestic.

[00:04:43] I went to high school, it was GNP. It became GDP after that and just stayed that way.

[00:04:49] It's what everybody talks about. It's like Bloomberg radio is constantly coming back to the growth, the growth, the healthy GDP.

[00:04:56] Fetched thinking about the GDP. Why isn't there an opposite term to represent the very negative aspect of our debt?

[00:05:07] Not as sexy I guess. To talk about the debt we want to talk about the growth if you're the CNBCs of the world trying to sell things and the brokers and the whole machinations.

[00:05:17] I guess what I've always thought is very underrated is real GDP and that takes into account inflation.

[00:05:25] But then I'd also like to put in debt. So really let's just take the GDP minus inflation or controlling for inflation and then also controlling for debt.

[00:05:39] Maybe at least for foreign holdings of our debt at a minimum because a lot of Harvard economists say, oh we're just borrowing to ourselves here in America.

[00:05:50] It's not that big of a problem. Well great, great percentages overseas.

[00:05:54] So anyway long story short if you're growing 5% per year GDP that sounds really, really good and actually Atlanta Fed came out and said the GDP rate is 4 plus percent which is allegedly really good.

[00:06:07] But are they truly taking into account inflation number one?

[00:06:12] And what about the borrowing? If you borrow 5% of your GDP worth and then your GDP is only 4% then that's negative 1% compared to what you borrowed compared to what you got back.

[00:06:24] That's not even accounting for inflation so that sounds confusing and it's not really quick to the action so maybe they need to do that.

[00:06:32] GDP I think you leave it alone. Do you trust all the underlying inputs? That's a different question but just as a measure of the economy GDP is a well established macroeconomic concept.

[00:06:47] There just isn't a well established macroeconomic concept for inflation we know.

[00:06:57] So inflation has many terms and many ways to measure it but the growth in debt, positive and negative debt growth because if you had that term eventually one would hope we could turn this around and that number would become negative.

[00:07:15] And that's all it takes to have a real boom economy during both of our lives is a significant negative whatever that term is.

[00:07:25] Maybe I'm exposing my ignorance in macroeconomic terminology but I never hear of a term that measures the percentage rate of national debt, of gross domestic debt, the GDD.

[00:07:37] Gross domestic debt? Well they do say debt as a percentage of GDP and that's like at 120% and that's an indicator on future danger but yeah I think.

[00:07:50] There's no succinct way of speaking of this problem.

[00:07:54] Right it really wasn't as needed until the last 20 or 30 years.

[00:07:58] It really was.

[00:07:59] There wasn't just like crazy, crazy huge percentage of the budget being debt you know there were deficits absolutely before 2008 but it was totally different you know that.

[00:08:12] The difference was at the end of the 80s into the 90s many, many, many more people were you know macroeconomically literate and in the whole world watched the debt that came out of Reagan's presidency through Bush and into Clinton.

[00:08:33] And then the Gingrich Congress did things about it when they gained power, made compromises with Clinton and the debt trajectory was going down right.

[00:08:47] And when the next Bush came in it started to climb gradually but back then he would be attacked by his political opponents for you know the debt spending.

[00:08:59] So that's the big change.

[00:09:01] But the economy got better when external actors in the economy knew that we were further away from the problem.

[00:09:11] The potential hockey stick kind of debt curve that we have now makes us get on every week on Patriot Power and anticipate that there could be a crash, a major collapse financially.

[00:09:25] But we're not seeing that quite now. Now the old adage is sell in May and go away meaning sell your stuff as a financial, if you're a financial broker or work in the stock market or bonds etc.

[00:09:40] Sell in May go on your vacations for a few months because really only bad things occur in the summer and usually it's pretty quiet as well.

[00:09:50] So we're seeing a little bit of a drain on some of the assets out there. We'll go through some of the prices in the news blitz.

[00:09:57] There's never been a major collapse in the summer though.

[00:09:59] Right well it's like well you don't need to be at work. You can sell in May and then just go away because not much is going to happen.

[00:10:06] And if anything it will be down a little bit and you can just come back in September and October that's when it will get kicked back into gear.

[00:10:12] We might be seeing a little bit of that you know maybe this summer will be quiet, maybe not economically.

[00:10:18] So gross domestic debt would account for perhaps not just public debt but private debt.

[00:10:24] There's an entire drain on the economy right?

[00:10:28] Oh great point it's not just national debt.

[00:10:31] So if it's to be treated as a serious action within the macroeconomy and when the system has had too much a collapse must occur right?

[00:10:44] Everything goes on tilt.

[00:10:46] Then you know in theory it should be able to happen on any day of the year of any month of the year that watch out in the summer,

[00:10:54] watch out a day before Christmas, watch out.

[00:10:57] It's not if a crisis occurs on that kind of schedule you know that the powers that be have lost control.

[00:11:06] If it happens on some random July day and it's supposed to be quiet and everything goes crazy then you do know it has gone out of control.

[00:11:13] They have controlled the narrative I'll definitely say that.

[00:11:15] So last week in December no one expects this then right?

[00:11:19] What if it really does happen then?

[00:11:21] What if it happens right through the 4th of July weekend a real financial collapse.

[00:11:25] The closing bell of the day before the federal holiday for Independence Day the markets in free fall right?

[00:11:33] I would say if it interrupts any of the banksters vacations or holiday times little bit of a sign that they've lost control because if they're in control of it

[00:11:42] they'll schedule around their vacations and holidays.

[00:11:45] It's totally true and this is well known in the industry as well at a purposefully.

[00:11:53] I mean we've talked about collusion between the banks and different financial corporations they can be like well we're going to have to deal with this.

[00:12:00] I know I have a recession here in a couple months but let's hang out in the Hamptons for a month or two first.

[00:12:08] But if they can't keep it under control similar to what you said with geopolitically whether it's with Taiwan, whether it's the Middle East otherwise

[00:12:18] If things are happening that don't have a pre-spa narrative by the media and by all the different sources out there then oh man it really may have come out of nowhere

[00:12:31] there really may not be a plan behind it.

[00:12:34] Yep well I'm hoping we can get the trajectory on this new concept it's not even an accurate term.

[00:12:42] Gross domestic debt is an amount not a rate GDP is a rate of growth or negative growth contraction so GDP would be maybe considered the same right?

[00:12:56] Even if that let's just say as of today we just said whatever the gross domestic debt is versus gross domestic product let's just whatever that ratio is right now let's maintain that ratio.

[00:13:09] If we grow 5% then we can borrow 5% but if we don't grow any we can't borrow anymore.

[00:13:15] I know for a fact that that stasis would be broken almost instantly because we are certainly borrowing more in the aggregate than we are growing and that's why it's unsustainable.

[00:13:26] If it weren't though with our super power status in the early 20th century is there any reason why that status couldn't maintain itself for another 100 years?

[00:13:36] I think well it could kick it a lot longer than I expected but I think they've already been burning through 20, 30, 40 years of that credit so maybe they got 60 years left.

[00:13:48] The world turned after 2008 before then it was.

[00:13:52] I say 2000.com was sort of a rumblings but you're right I mean 2008 was certainly.

[00:13:56] The debt wasn't.

[00:13:57] That was spiking astronomically before 2008.

[00:14:01] From a debt point of view.

[00:14:02] COVID is what's really done it but.

[00:14:05] That was an accelerant for sure.

[00:14:07] And people look at the debt to GDP ratio and look at World War II we're still not at those highs.

[00:14:15] As a percentage you're right, you're right.

[00:14:17] But we don't have any ammo to spare financially like we did end up in another major war we're already running huge deficits we can't add a huge amount to it.

[00:14:30] But anyway we can talk about this all day but I think we got to go to break sir and come back to come back to the news blitz.

[00:14:38] What do you say?

[00:14:39] Yeah, that's it.

[00:14:40] All right everybody be sure check out prepperbrokecast.com.

[00:14:44] Pitcher power hour we're back.

[00:14:46] We're live every single Wednesday 7pm Eastern.

[00:14:50] Go check out some of our archives.

[00:14:52] I think some of our COVID archives are really, really interesting to look or to listen to after what's come out recently and we got a couple articles in this news blitz that we'll be talking about maybe we've we've we're a little ahead of our times a few years ago.

[00:15:10] We'll see.

[00:15:11] Pitcher power hour.

[00:15:12] We'll be right back.

[00:15:51] Patriot power hour interception.

[00:15:53] February 1st 2020 episode 83.

[00:16:00] Really the only way now the impeachment is over now that the Mueller investigation has proved void of any wrongdoing.

[00:16:10] The exposure of the Department of Justice deep state in the FISA corruption is well understood in the public.

[00:16:18] What have they got left?

[00:16:19] Something economic?

[00:16:21] Or is this virus coming out of China?

[00:16:23] Part of that.

[00:16:25] Now is the time for patriots to watch from now until November when it might be too late.

[00:16:37] Will those that supported Trump in the past turn on him either by just not turning out or by literally changing their mind?

[00:16:45] If not he's got a clean sweep I think and I don't feel like people that support him in the past have fallen off.

[00:16:52] My own analogy with little mixed martial arts UFC you know where we just got through the fourth round of a five round championship and we're going into that fifth round and that's election season.

[00:17:05] That's championship rounds right?

[00:17:07] The Democrats are down four zero in the cards so they need a knockout or they need a submission right?

[00:17:12] They need that big big event and they need it quickly.

[00:17:18] We are the Prepper Broadcasting Network.

[00:19:03] This is the Patriot Power News Blitz brought to you by FutureDanger.com.

[00:19:07] This is Future Dan on May 8th, 2024, 7.22pm Eastern bringing you the news as it is tonight.

[00:19:19] State Department hiding documents that credibly suggest COVID-19 lab leak.

[00:19:25] That's according to House investigators bringing us to grade level two.

[00:19:31] Red News Censorship.

[00:19:34] That's the State Department's censorship from COVID era.

[00:19:37] Black on red grade one news automakers confirm warrantless location data sharing with the federal government.

[00:19:47] Unreasonable surge in seizure again proven normalized in the USA.

[00:19:52] Calm two.

[00:19:54] On the Russian front, French President vows to send troops to Ukraine if Russians break through front lines as the Ukrainian army retreats this spring.

[00:20:06] Shortly afterwards news of the French Foreign Legion commanded by French officers sent to the Ukrainian front.

[00:20:15] So that's a NATO force in the country.

[00:20:19] More Chinese illegals apprehended at southern border in two days than in all of 2021.

[00:20:26] Cagarizing that as grade five topical news under the Future Danger indicator.

[00:20:33] Advanced force operations suspected.

[00:20:37] 41% of voters think civil war likely within five years carrying that under the indicator insurrection declared.

[00:20:46] Article about who is funding University unrest.

[00:20:49] That's filed under form black ops suspected calm three there is no economic news that points to any immediate dangers tonight.

[00:21:01] Calm four.

[00:21:03] AstraZeneca pulls COVID vaccine from the European market.

[00:21:08] Vaccination effects have been exposed.

[00:21:13] Finally, deadly flooding across the globe.

[00:21:18] Haiti, Brazil, Kenya.

[00:21:22] Dozens of lives taken in flooding.

[00:21:26] Nature is relentless.

[00:21:28] That's it for the news.

[00:21:30] Well, it's been the breaker of banksters will now bring us some context economically in lieu of actual headlines indicative of dangerous news.

[00:21:41] Yeah, let's take a quick look at some of the financial stats recently again.

[00:21:47] No big news out right now from that perspective.

[00:21:52] But we did see the Atlanta Fed suggesting that GDP is growing at an annualized rate of 4.1%.

[00:22:01] That's still preliminary number and we've seen those numbers revised down but the most recent GDP number.

[00:22:09] These are real GDP numbers.

[00:22:14] Real election year GDP.

[00:22:17] We're looking at about 2% in Q1.

[00:22:21] So ending March 31st just about a little more than a month ago, 2% real growth has down from allegedly 5% real growth Q3 last year.

[00:22:33] So July, August, September of last year allegedly 5% real growth annualized rate now down to under 2%.

[00:22:44] The lowest of the last five quarters.

[00:22:47] Some of that was COVID welfare running out for people.

[00:22:51] I think a lot of business effects of that it took three plus years for all that stimulus to work its way through.

[00:22:58] That's why the inflation has been rearing its head.

[00:23:01] A little bit delayed reaction.

[00:23:03] Too many dollars chasing too few goods.

[00:23:06] But I will say this and you've said this before, America is a badass economic engine.

[00:23:13] So even with all of this horrible crap there are some real growth stories out there.

[00:23:18] A lot of it's far and few between and a lot of it is, you know, could easily reverse if interest rates normalize even further meaning go up and or if there's not a bailout the next time there's a freeze of the credit system.

[00:23:36] What else do we have economically?

[00:23:39] CPI that last came in again through March 2024 growing 3.5% which was high.

[00:23:47] That's the reason they left.

[00:23:48] They didn't lower rates like they were hoping so 3.5% annualized inflation and that's really being led by kind of miscellaneous categories not the food and energy.

[00:24:02] So we do see in particular oil spike above $80 and that'll be compounding but oil is right now at $79 and about a month ago by this time last month it was at 87 to 88 which is definitely a good amount.

[00:24:17] Definitely a red zone that's going to cause some inflation in of itself but it's down 10% plus since then but has, you know, a little bit of bounce back in the last few days.

[00:24:28] So long story short, inflation is still around.

[00:24:31] They can't lower rates but they're also seeing a lot of destruction from the high rates and the different banks under stress and failing and nearly failing.

[00:24:42] But right now apparently everything's okay.

[00:24:45] It's kind of an equilibrium on that point of view.

[00:24:48] The markets are flat, not much activity.

[00:24:50] The volume is real low.

[00:24:52] Let's look at the NASDAQ for an example.

[00:24:54] Quite flat the last couple months and this doesn't have it right here but I know the volume has been pretty low meaning there's not a lot of activity up or down.

[00:25:07] It's just going along to get along.

[00:25:10] So selling main going away I suppose.

[00:25:14] Gold $2,300 silver $27 bucks.

[00:25:18] I think both are still a decent buy in my opinion.

[00:25:23] Bitcoin just above $60K relatively flat from last week but down in the last month or two.

[00:25:30] But again, economically everything seems a little too quiet almost.

[00:25:37] So a couple questions for you.

[00:25:39] What kind of price increase on gold would you have to see to warrant the triggering of the future danger indicator of gold soaring?

[00:25:50] That's question number one.

[00:25:51] Okay.

[00:25:52] Question number two is on top of oil.

[00:25:55] When was the first presidency to your knowledge of history where the potential of a president taking the strategic petroleum reserve during an election year and draining it to keep prices of gasoline low?

[00:26:12] Was shall we say accused of an administration accused of even contemplating doing that compared to this one who's clearly doing it with abandon.

[00:26:25] They just don't care.

[00:26:26] Yeah.

[00:26:27] That was taboo at some point in time ago when Jira estimate when that is so two questions for you.

[00:26:35] Yeah.

[00:26:36] Start with gold.

[00:26:38] The actuarial admission.

[00:26:40] These are the actual numbers that actuaries do in insurance calculations show at least a 20% increase in cost of goods from 2020 to 2024.

[00:26:52] 20%.

[00:26:53] Gold has not gone up 20% from its all time high at least since then.

[00:26:59] Meaning I don't think gold truly soars unless we're at least at 2500 which we haven't seen yet.

[00:27:05] So it's at 23 and it's up from maybe two grand.

[00:27:11] But what about rate of increase over a short period of time?

[00:27:14] What constitutes soaring in your eyes?

[00:27:16] I think if we end up at 2500 before the election you can call that soaring.

[00:27:22] And we're pretty close to it but we're not there yet.

[00:27:25] But it would have to be at least higher than the rate of inflation.

[00:27:28] It's not even there yet or 2300 it's about there.

[00:27:31] It would have to almost add another 5, 10, 15% to be soaring and it doesn't sound like soaring but gold just like a couple percent move in a year is pretty huge in the gold market.

[00:27:43] So soaring is relative compared to Bitcoin which goes up, up or down 10% in a day.

[00:27:49] That's a little different.

[00:27:50] You need like 100% increase to be soaring or crashing on that right?

[00:27:54] So gold though it's kind of been a laggard and took a little while to catch up but it's been gaining steam and it got cut down a little bit in the last few business days but it's come back strong.

[00:28:08] So people are still buying it out there.

[00:28:10] I wouldn't call it soaring yet therefore that's why I kind of think it's still a decent buy now.

[00:28:15] It would have been way better if you bought it 1800 or 2000 but buying that 2300 now might be better than 2500, 2700, 3000 in a year, two years, three years.

[00:28:26] During a financial crisis we've seen gold prices get suppressed but if it ever spiked in a one month period what kind of percent gain in one month would you say no that's soaring?

[00:28:39] That's like we haven't seen that before.

[00:28:41] That's crisis indicator because it is spiking like never before.

[00:28:45] It would be more than 3%.

[00:28:47] I'd say yeah.

[00:28:49] I almost want to say like a 7% to 10%

[00:28:52] Yeah okay.

[00:28:53] What about the SPR and the political use of it?

[00:28:57] I never remember anyone ever using it, really planning to use it at all.

[00:29:04] Let alone for political purposes like it was in 2022 for the midterm election when like half of it was used up over a few months right?

[00:29:12] And again I can see where it would be blasphemy or not even, you can't put the national security at risk to lower gas by 30 cents.

[00:29:26] I don't know for a fact though if that was considered or just totally shot down in the 70s or whatnot with the oil crisis back then maybe, I don't even know if they had the SPR back then.

[00:29:37] No, Nixon used it.

[00:29:39] Okay.

[00:29:40] Yeah but that was also during the more of an actual emergency.

[00:29:43] 73 war in Israel.

[00:29:46] Yeah.

[00:29:47] But through the 80s after the Cold War ended it was as if both sides would publicly accuse the other of contemplating doing it.

[00:29:59] And that was a powerful political charge against your opponents.

[00:30:05] And Obama didn't even do it but I think Trump grew up in that era where it was not something that was done.

[00:30:15] For that matter during his presidency could he even gotten it done with the bureaucracy of even done it you know but clearly the old buttons doing it right so.

[00:30:25] He wasn't just considering it, he did it and he was pretty much said I wish I had the quote we'll go maybe if I could find out some name we could play it but I won't follow up on that I know that but he was saying he'll be able to fill it back up at a lower price so in a way he's trying to play an oil trader here.

[00:30:44] That is not what the reserve is for to try to you know manipulate the market command the right not command the market now for political purposes not to try to make a quick buck not to be a commodity trader with the US government's backing none of that is at all supposed to be what it's for.

[00:31:02] So just one example of some what I would consider fraudulent activity going on in the markets.

[00:31:11] Yeah and think about the news in the Middle East in the last month.

[00:31:15] And then compare it to the early 90s when Saddam invaded Kuwait and we saw $100 a barrel oil briefly right and I think it was George HW Bush that was under pressure to not win a route you know against Clinton by you know tapping into it to lower the prices.

[00:31:36] And what would the price of what should the price of gasoline be right now if Biden wasn't doing that and then what would you be be right now if he wasn't doing that.

[00:31:48] It would make a difference it would make a difference and some folks say and it makes sense that our reserves are still in the ground like if stuff hit the fan within a couple months we could spin up all types of drilling throughout the country not refining.

[00:32:02] That's a good point not refining and number two would the Biden administration in the EPA even allow that even under emergency they would probably be so many loopholes it would take three years to get the permits even on an emergency authorization.

[00:32:14] Well right kind of emergency with the right kind of Congress could see the abolishment of the EPA.

[00:32:19] And if it comes down to a World War III situation or Great Depression that might have to happen and same with rare earth minerals actually it's the exact same scenario where it's the refining that's the biggest problem we have a lot of it in Utah.

[00:32:31] Nevada and we have all types of resources in America that I even count in Alaska and our great ally to the North Canada like so many resources but we don't go after them because of regulations.

[00:32:43] Hey I don't want to destroy the planet either and all that but let's just say our number one competitor China certainly is not being held back by any of the regulations we are and I don't want to be like China that's for sure.

[00:32:58] But also those regulations are being used as a weapon against American people in a lot of ways.

[00:33:03] So you got the debt clock up I'm looking at all the numbers ticking and every one of them is going up.

[00:33:08] How good would it be if any of those ever went down.

[00:33:12] Well there are some revenue per citizen and that goes down we'd be a problem.

[00:33:18] The Keynesians say it's impossible for the debt to go down and it shouldn't go down and it would be a big problem if it went down because it would be a Great Depression 2.0.

[00:33:29] So they think it's okay if debt rises as long as the growth is more than that I suppose.

[00:33:36] My argument is that the growth has not been more than the debt and inflation for the last decade definitely not in the last few years.

[00:33:47] And that can be seen by things like the price of a new car, price of a home, college tuition, health care which is one of my favorite sites again USdebtclock.org.

[00:33:56] Hey stock market is up a hell of a lot but pretty much everything else is too and all the low hanging fruits been picked already that's the problem.

[00:34:07] Like every dollar of debt you add is way more damaging than the dollar you added yesterday in my opinion when you can't service this debt and interest rates going up.

[00:34:19] The Keynesians they probably still think we have some runway but all these numbers are degrading and just over the last few years all the ratios have certainly gotten worse like debt to GDP, debt per citizen, debt per taxpayer.

[00:34:34] Those are all gotten worse.

[00:34:37] US federal debt to GDP ratio 1960 it was 53%, 1980 it was 35%, 2000 it was 58%.

[00:34:47] Today it's 122.25%.

[00:34:51] I'm looking at this interest on debt net the total amount is increasing by about $10,000 per second.

[00:35:04] It's just screaming up every second higher and higher interest on debt.

[00:35:10] That number is practically like China's defense budget which China's defense budget has grown multiple times in the last five years.

[00:35:21] We're paying interest on our debt that China can refund a lot of that not all of it but a good portion of it and the trade deficit which has also been in China's favor.

[00:35:34] They're able to put that back into real resources, real infrastructure and real military.

[00:35:40] Here's a USdebtclock.org stat that is declining and conceivably it's positive.

[00:35:49] US trade deficit with China is ticking down tonight.

[00:35:53] China is quite a slow pace but it is slightly decreasing now.

[00:36:00] It did peak and China's holdings of US debt peaked a couple years ago so they've been trying to slowly but surely divest and get away from the dollar after relying on it for a couple decades to grow themselves.

[00:36:13] Thanks for helping us out turning us from the third world into your number one rival and now we're going to leave your ass because we see that you're falling apart and we'll try to rebuild our own here.

[00:36:27] We got US total national assets climbing at a very like hundreds of thousands of dollars millions of dollars a second but you're going to probably tell me that US total national assets is skewed by the dollar.

[00:36:43] We're going to buy all these debt numbers so it shouldn't be trusted right?

[00:36:47] Yeah, it's tough. It's tough. The exact numbers shown here of course are guesstimates, averages, trying to piece together official information kind of in between.

[00:37:00] It's not literally tracking every dollar of unfunded liabilities but they true it up often.

[00:37:06] But assets are going up but debt's going up too. It's like which one's going up quicker?

[00:37:11] If the assets were going up way faster than debt then that's fine. We can have a lot of debt if we're growing gangbusters it's not that big of a problem but it's not going very well.

[00:37:24] At worst the debt is growing more than the real economy and I think that's without a major depression.

[00:37:34] Imagine if we do have a 2008 type of financial crisis now then that debt's still going to be there but all that growth will go away.

[00:37:43] Then we're in trouble you know.

[00:37:45] $100,000 a second our US total debt is growing.

[00:37:50] Well I guess at least a few years of my taxes gone every second so there we go.

[00:38:03] I funded the US government debt in about a snap.

[00:38:08] That can't be sustained can it?

[00:38:10] No it's not.

[00:38:12] The crazy part is though a lot of other countries out there in the west in particular are even more upside down and screwed up like you know

[00:38:20] Europe and Japan are so messed up that the US dollar actually hasn't collapsed that much.

[00:38:27] The Japanese yen is down 40 or 50% compared to the dollar in the last few years.

[00:38:32] The Japanese economy is essentially collapsing now after 20 years of this modern monetary theory that they pretty much developed all the zero interest rates and all that with Japan for about 15, 20 years.

[00:38:46] Now they've run out of that and now everything's collapsing and they can't stop it because they used up all their trickery.

[00:38:56] Really the Bank of Japan, the equivalent of the Federal Reserve but in Japan now buys all the government debt.

[00:39:03] There's no free market buying Japanese debt.

[00:39:05] It's only the central bank so Snake is full of eating himself and we're not that far away from that.

[00:39:10] We have people that actually still buy our debt but that amount is shrinking and the Fed keeps buying a lot.

[00:39:17] So this website also has demographic numbers.

[00:39:21] It's tracking 336 million people are the US population.

[00:39:28] 161 million are in the workforce, 100 million are not and that 261 million out of 336 is the working age.

[00:39:39] We got 23.7 million government employees out of the 161 million workforce and the country also has, we have less millionaires in the United States than we do government workers at 23.5 million.

[00:40:00] So 200, nearly 300,000 less people are millionaires than there are government employees.

[00:40:08] Yeah man that is a huge amount of government employees.

[00:40:12] I wonder if that includes contractors, it must but maybe it doesn't.

[00:40:16] No, that's not contract.

[00:40:18] No way that's contractors.

[00:40:20] That's civil service.

[00:40:22] Geez, local state and federal 23 million.

[00:40:25] That's more than 10% of the workforce.

[00:40:30] 15% of the workforce.

[00:40:32] That's the entire Department of Defense including the uniform.

[00:40:37] Yeah, probably teachers and everything but that's a hell of a lot.

[00:40:40] Teachers? What teachers?

[00:40:42] Government employees or teachers?

[00:40:44] I'm not sure if it's in that but my point is-

[00:40:46] I took it for federal, US government workers.

[00:40:49] It says government employees.

[00:40:51] You're right, that could be state employees too.

[00:40:54] I bet it would be but it's still like 15% of the entire working population so it better include all that.

[00:41:01] 58.7 million US retirees, 8.3 million disabled working age people in the country.

[00:41:11] 40 million food stamp recipients.

[00:41:14] No food stamps I think you'd be having some riots huh?

[00:41:17] Now these numbers aren't calculated.

[00:41:20] They're not running higher every second like-

[00:41:22] Some others right.

[00:41:24] Like the more non demographic numbers.

[00:41:26] They can't get demographic numbers running in real time.

[00:41:30] So I wonder how often this website's updated but if you take it for it is, how far off could those numbers actually be?

[00:41:38] I presume they true it up at least once a year if not few times a year.

[00:41:43] Whether that's the median new home or average new car or the like you said the demographics, unemployed.

[00:41:50] It's probably entirely federal reserve statistics.

[00:41:53] A good amount of this is directly from the Bureau of Labor Statistics or other like-

[00:41:57] Yes.

[00:41:58] Official numbers.

[00:42:00] Which again we've talked all this that we've been saying today is not even questioning the numbers.

[00:42:05] Right.

[00:42:06] I believe the numbers are totally rigged but even assuming the numbers are real it's a bad situation.

[00:42:12] Yeah.

[00:42:14] That's where we're at tonight but there are no headlines.

[00:42:18] There's no crisis headlines on the heat map.

[00:42:20] Not economically no.

[00:42:21] There's a lot of other topics that we should probably address.

[00:42:26] Let's get after it.

[00:42:30] AstraZeneca pulls COVID vaccine from European market due to a rare condition or side effect.

[00:42:37] So they say.

[00:42:40] Is that how they're catching this?

[00:42:42] Yeah.

[00:42:43] It's just a really rare.

[00:42:45] Let's put it up there.

[00:42:47] I was reading some.

[00:42:48] The young people's hearts that caused it to get pulled.

[00:42:54] Unusual but rare blood clots were detected in a small number of immunized people.

[00:43:00] Yeah.

[00:43:01] This is in Europe actually.

[00:43:02] In Europe, you know they're well down the socialist road but for better or worse they

[00:43:08] have some strong regulations with food and medicine and their e-regulators concluded AstraZeneca's

[00:43:18] well the regulars concluded the shot didn't raise overall risk but the doubts remained and

[00:43:23] because of that they decided to go ahead and pull it anyway.

[00:43:26] The company did not the regulars.

[00:43:28] Yes.

[00:43:29] So there's a little bit of safe face saving here.

[00:43:32] The government is pretty much saying to AstraZeneca get this out of here but we're

[00:43:38] going to say that there was no damage done by it and then let you deal with the short

[00:43:45] term blowback of being pointed to as having pulled this.

[00:43:50] I'm just waiting to see how many Americans who took the shot or were very pro vaccination

[00:43:58] can wrap their heads around this now.

[00:44:01] It's getting pulled in Europe because it's dangerous.

[00:44:03] How long before our country?

[00:44:06] When does the FDA pull off this switch?

[00:44:10] This is kind of like the whitewashing and like the half truth to cover the rest.

[00:44:14] Memory holding.

[00:44:15] Because at the very end of this AP article they go on and say number one the billions

[00:44:22] of doses of AstraZeneca vaccine were distributed to poorer countries through a UN coordinated

[00:44:28] program so you probably didn't get AstraZeneca in the west.

[00:44:33] Pfizer and Moderna were later determined to have better protection and most countries

[00:44:38] eventually switched to them.

[00:44:40] They did say that AstraZeneca was used a lot early in the UK because it was developed at

[00:44:45] Oxford but even the UK donated a lot of those to the international and then had the Moderna

[00:44:53] and the Pfizer the safer more effective ones later on.

[00:44:57] So in a roundabout way they're saying well maybe this one wasn't as good but you probably

[00:45:01] didn't do it anyway.

[00:45:02] Don't worry Pfizer and Moderna were good so hey there's no problems.

[00:45:07] I don't know there's definitely some deep psychology here.

[00:45:14] Awesome opportunity to help red pill people who have been in denial.

[00:45:23] Yes and we've talked about a lot of this stuff coming out in the last few months which is

[00:45:31] not good because I don't want it to be true but it is true so let's get the truth out.

[00:45:38] Let's see we had those floods and I know in America we've had a fair amount of tornado

[00:45:44] activity but it is the spring it is May.

[00:45:47] Hasn't been an extraordinary activity.

[00:45:49] Deadly right exactly.

[00:45:51] Just a lot of damage.

[00:45:52] Razzie's floods though 55 dead in Brazil and 13 in Haiti 228 in Kenya.

[00:46:01] Low level news been pouring to watch.

[00:46:04] There's any trends.

[00:46:07] How about Ukraine how about French president valing to send it French troops NATO members

[00:46:13] sending their own troops if the front lines are broken through if Russia is able to

[00:46:18] press through breakthrough France is going to make up for World War two and hold the line

[00:46:27] themselves apparently is Macron is saying.

[00:46:31] I don't know about that.

[00:46:33] You think he would actually do that number one number two is NATO going to tell him

[00:46:39] to stop saying this stuff or they get or are they telling him to do this to kind

[00:46:43] of be the first one through and then other countries will follow on.

[00:46:47] I don't think NATO tells France what to do but France works within NATO for sure.

[00:46:53] So a hundred foreign legionnaires in Ukraine is basically surf surfacing a presence that

[00:47:02] Russians had suspected was there all along clean US special forces all the Western special

[00:47:08] forces the British special forces must be advising and training and directly supporting

[00:47:15] the Ukrainian army.

[00:47:17] So the Russian it's like theater it's like making announcements on the public stage to

[00:47:25] show that you're doing something and we got to carry it though we got carry it is news

[00:47:33] because it's crossing a threshold it's like we're announcing now that we have troops

[00:47:38] NATO troops in there but they're it's the French foreign legion so there's really

[00:47:42] a lot of French officers that are actually there but the French president mean regular

[00:47:46] troops will be sent there if Russia breaks through he's saying which would be a lot bigger deal

[00:47:50] right.

[00:47:51] Well he considers French troops to be you know foreign legionnaires or French troops

[00:47:55] okay but they're not like by the tens of thousands.

[00:47:59] Not yet not publicly and of course if you have serving the French foreign legion

[00:48:04] as long as you don't mess up you're going to become a French citizen.

[00:48:08] So here's a question for you.

[00:48:11] If I forgot my question.

[00:48:21] This is the second show in a row I forgot my question.

[00:48:23] If you ever want to learn about the French foreign legion though.

[00:48:28] Should read the book Mouthful of Rocks.

[00:48:31] It's about a Brit that joined the French foreign legion in the 80s it was quite eye

[00:48:37] opening to what that institution is it's it's nothing quite like it on the earth.

[00:48:42] I should I need to do some more reading.

[00:48:47] I will say the damn I have blocks.

[00:48:55] Talk about too many different things at the same time.

[00:48:59] Yeah I'm falling apart here.

[00:49:01] I'm looking at this more Chinese legal immigrants thing but I wanted to say

[00:49:05] something about about stupid France and they're stupid.

[00:49:08] Oh I remember what it was so if they're coming out now and admitting this how long ago do you think they were actually in Ukraine so if they're meeting now.

[00:49:15] Two years they're two years behind.

[00:49:18] What is actually going on now that they're not going to admit for another two years.

[00:49:21] That's what I was stumbling and bumbling to find nothing that the Russians don't automatically suspect we're doing in the first place right.

[00:49:30] So I'm not hit when the history books are written and things get declassified it'll be interesting to know how close the regime in Ukraine was to collapsing when the Russians first invaded right.

[00:49:43] But the air power and the law hearing munitions the mortar fired law during munitions and and just the ISR capability to just see the battlefield know where every Russian is down to their heartbeat.

[00:49:59] In the country.

[00:50:01] It's been a you know it's like a video game with having the mini map with everybody spotted red all the time.

[00:50:09] It means pretty easy to hold them off but they're in retreat this summer right and Abrams tanks that we gave have proven you know ineffective because you know if you're aware of the Abrams tank.

[00:50:26] It takes like a ground crew to run it.

[00:50:28] It's like an aircraft right we don't put any war planes in the sky without having dedicated maintenance crews to repair them and to ready them every single time they fly.

[00:50:40] The Abrams tank is not exactly that fragile but it doesn't go very long without needing you know help right and its fuel consumption is measured in gallons per mile.

[00:50:55] Not miles for that.

[00:50:56] Exactly.

[00:50:57] Yeah so now there's Russian Abrams tanks or captured Abrams tanks by the Russians.

[00:51:03] Mosk having great.

[00:51:04] I saw that all types of European vehicles some in pretty good conditions some blown to hell but all on display in Russia.

[00:51:14] Here's what we're fighting against all the different countries material if not men.

[00:51:22] We only got a few minutes left we've been going pretty strong today times flown automakers confirm warrantless location location data sharing with US agencies.

[00:51:32] This was SHTF level huge threat to Liberty going on right now we've talked about this in different ways I think over time but what can you break down with regard to the automaker automakers collaborating with the three letter agencies.

[00:51:49] True fascism.

[00:51:52] It's that's more than yeah more than or or well could even imagine right that's that's the merger of corporation and state to subject the population and I don't think this is new at all.

[00:52:05] This has been part of automaking for at least four decades.

[00:52:11] I think it's it's pretty clear that the intelligence agencies in the deep states needed back then to go to automakers to understand what you know can be done to vehicles so that they can do this because we exported we exported vehicles in the 60s and 70s.

[00:52:32] Even through the 80s in a tremendous numbers.

[00:52:36] So putting them overseas and then be able to conduct espionage on them made a lot of sense during the Cold War.

[00:52:43] But you know the digitization of vehicles now and just the free handing of American citizen information to the government price selling it.

[00:52:52] It's probably under contract with nothing seeming to stop it.

[00:52:56] There's not a power in Washington that can you know muster any kind of opposition to this.

[00:53:02] Now I mean there's voices in Congress but it's you know just just obliteration of the Fourth Amendment is what what that is today if you buy and use one of those cars.

[00:53:14] I guess you're voluntarily obliterating your Fourth Amendment but it wasn't too long ago before people would have been outraged by this idea.

[00:53:23] No more.

[00:53:24] That's the that's definitely a tough thing when you do buy it you should know you do technically have they have to tell you all that they do and in that fine print.

[00:53:35] But is there a way to buy a new car these days without this I don't think so.

[00:53:39] Absolutely not.

[00:53:40] So I would I would volunteer to buy a new car that didn't have all this shit and I would probably pay more money for it let alone you know strip down the technology all the extra technology I should get a cheaper vehicle.

[00:53:52] Can even buy a phone that you can take the battery and the chip out of anymore.

[00:53:57] That's gone.

[00:53:58] I mean yeah it's been several years I feel like since you could take the battery.

[00:54:02] So with with the tracking of automobiles it's it's been true for decades that certain antenna are built into the frame of the car that they can be pinged from with certain you know signal assets to report back information about it.

[00:54:19] German automakers started to do this unbeknownst to anybody so that when you know Mercedes you know or BMWs went past certain sensors the car would give away its maintenance status and the owner would receive you know some kind of contact

[00:54:39] phone email real mail to tell him it's time to you know maintain their car so there's like a commercial purpose for this espionage.

[00:54:47] But now it's just the barrier between that which arguably the manufacturer of the car has the right to install that and operate that if it's the terms and conditions of the private sale and contract between the buyer and the seller right absent any government

[00:55:02] interference.

[00:55:03] That's that is the free market but fascism right when you bear tear down the wall and the government now is working hand in hand with the maker of products to spy on us it's it's what war is location.

[00:55:16] It's not like I got a warrant they think they got three children in the trunk of this car and they need to try to find it on the interstate.

[00:55:24] That's crazy enough and of itself but if I close something like that it's warrantless and mass.

[00:55:29] Yeah reverse engineer anything they don't need a warrant for that bit of information because now they can detect you've you know under suspicion of a crime and fabricate another route.

[00:55:40] Yeah.

[00:55:41] To bring about the past prosecution.

[00:55:44] That's one of the things that pisses me off most people say I don't do anything wrong.

[00:55:47] I don't worry about it like they could totally set you up.

[00:55:50] Don't you understand you don't do anything wrong.

[00:55:52] I can set you up plant things once they actually know all your data they can manipulate it.

[00:55:56] Well we actually literally only got like a minute left.

[00:55:59] I didn't want to talk about this if we could State Department hiding documents that credibly suggest COVID-19 lab leak.

[00:56:07] This is from House investigators House Select Subcommittee on the coronavirus pandemic has revealed that classified documents from the State Department credibly suggest a COVID-19 originated from a lab related accident and Wuhan not a wet market like they were saying three or four years ago.

[00:56:27] Yeah.

[00:56:28] I wonder what Trump would do in a second term to gain control of bureaucracy like that.

[00:56:34] State Department is the top of the list of the worst globalists infested bureaucracies that we have.

[00:56:44] It's one of the oldest departments in our federal government it's almost inconceivable not to have you got to have something performing the function of the State Department to have relations with other countries and it was I think at the end of the Clinton's term they left their presence in the deep state.

[00:57:03] Under the control of the Democrat Party we're seeing it 25 years later they embedded it and now we have a major.

[00:57:13] Thomas Jefferson I wanted to confirm this before I said it but I thought so Thomas Jefferson first Secretary of State.

[00:57:19] He was.

[00:57:20] I think what do you think he would think about what the State Department is doing right now.

[00:57:25] We need some more amendments to the Constitution I think.

[00:57:29] I lost my mouse and we need to get out of here so let me go try to find it.

[00:57:34] Anything else to say for the show.

[00:57:36] Yeah how are you going to end the show without a mouse.

[00:57:40] This is behind the computer.

[00:57:46] Awesome.

[00:57:47] So Patriot Power is usually relatively free of production issues and background noises and this and that in the background but we're not immune from it either.

[00:57:57] No not at all not at all especially confined spaces as we are found right now.

[00:58:02] But with that said we get that music going ladies and gentlemen we'll be live next week.

[00:58:08] God willing what do you say the 15th of May will be next Wednesday.

[00:58:11] Yeah we'll bear down straight through the end of the spring season in the middle of June so we're at it.

[00:58:17] We're watching relatively calm night tonight but we're here watching it and we're ready to comment.

[00:58:22] We'll jump on anytime if things go south in a hurry.

[00:58:26] Stick with Patriot Broadcast or Patriot Power on the prepper broadcasting network.