Patriot Power Hour #263

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

[00:00:36] And the Cuban stopped and said, how lucky you are. I had some place to escape to. 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.

[00:00:54] This is the last stand on earth. The last stand on earth. You are now listening to the Patriot Power Hour. This live episode features the situational awareness you need to practice self-reliance and independence.

[00:02:21] And your hosts Ben the Breaker of Banksters and Future Dan the editor of FutureDanger.com Ben the Breaker of Banksters here with Future Dan May 22nd 2024. What's going on Future Dan? Know a lot I think I'm making a call.

[00:02:44] This is relatively calm week evening tonight relative to much what we saw this winter last year. It definitely won't stay this calm that you can be sure of but in terms of bad news happening now that's directly dangerous. We don't have a lot.

[00:03:08] Sounds like a good time to catch up on some prepping and some other chores and maybe even some R&R and family time if you know that's not time wasted. We'll talk a little bit.

[00:03:20] I mean there are few articles we can go through definitely but without so much news what have you been up to with regard to projecting the rest of this year and maybe your own prep without getting into too much detail?

[00:03:34] What have you been doing if there's not so much news? I know your newshound you must find a lot of time on your hands now. Well I'm looking it's not like I'm not looking and you know you can have arguments about

[00:03:46] headlines that we're seeing and whether they portend bad news to calm. That's definitely true. So there's plenty of news to discuss but a lot of it's super political with the election and we typically try to look at that but look at it from a different frame of reference

[00:04:07] not the daily back and forth. There's never going to be a shortage of articles about how corrupt Biden is and rehashes of issues surrounding the biological weapon employed by the communist Chinese in 2020 to unseat Donald Trump.

[00:04:31] So Echo Alliance the outfit that was essentially working hand in hand with Fauci to for some reason do gain of function research in China and that being allowed to happen. But it's only confirming what plenty of news is already pointed to which is there's something definitely wrong there.

[00:04:57] No smoking gun headlines on anything today they're just somehow the administration is turning its back on Echo Alliance. I'm not sure if it's a profit or what but basically the boss of that outfit is getting debarred from federal contracting.

[00:05:17] The news came out today but tying that to a specific heat map indicator. Hard to do. It's related to bioleapons and nature being re-engineered and pestilence spreading throughout the land. But it's kind of history now right? It happened.

[00:05:37] It's not exactly news of it's I'm not sure what's forward projecting anticipating value it news that's rehashing things that we've known for a long, long time. There's going to be an endless supply of COVID vaccines. You know news lawsuits studies showing that experimental vaccines are you know had

[00:06:02] a cost right? But it's rehash right? So you know I'm not stopping looking for new events but on the other hand it's pretty good when nothing new happens that belongs on the heat map.

[00:06:20] It means it's safer, calmer we got to we got to respite so of course yeah continue to prepare for the worst. You can't dwell on history and you can't dwell forever on the projected future. When things are good, things are safe take them as they come.

[00:06:38] Yeah you do have to at some point live in the now when the now is somewhat calm depending where you are and what you're up to but it seems that way from what we're looking at. We did see the president of Iran killed in the helicopter crash.

[00:06:58] We'll certainly report if news comes out that Israel the West or even the inside job Iran was behind that we don't know at this point did have his funeral tens of thousands were there. Ayatollah Kamini was there.

[00:07:15] All that escalate or back off all the war in Middle East I guess we'll see that when it comes down the line. I one thing I've noticed though is well you raise COVID more and more coming out and

[00:07:32] kind of trying to see why a cover your ass former CDC director said pretty much what do you pointed out that there was a cost to these experimental vaccines they were still

[00:07:43] necessary of course but maybe it was rushed a little too much and maybe it was a little hamfisted to say the least. So we got people kind of trying to cover their ass a little bit more information coming out

[00:07:58] on COVID but financially and socioeconomic engineering point of view we have called Schwab stepping down essentially getting told to step down after some in fighting at the world economic forum looks like Jamie diamonds contemplating retirement rats leaving the sinking

[00:08:20] ship there's always turn over personnel though that's why you can't focus on just one person you got to focus on the overarching system huh. It's interesting candidate for a danger indicator when the heads of major banks roll over.

[00:08:41] Head of the FDIC roll over just like a week ago to a couple weeks ago head of FDIC. Yeah and again there's retirements there's resignations there's scandals this stuff happens all the time just humans but like if it's happened at a two three five

[00:09:00] ten X per you know per unit of time per day per month whatever it maybe it doesn't mean something it's definitely got to be correlated somewhere down that line. This is periods where we've had little to nothing on future days or heat map but it

[00:09:19] ought to it ought to have been flow right it ought to cycle it should be some kind of natural rhythm and this week it happens to be other stuff that we want to talk about

[00:09:32] so if there's financial news that is still interesting and topical I'd be interested in your take on that environment Ben or any other topic. Red Lobster's bankrupt but they're coming back they swear they lost several million dollars

[00:09:50] and they're all you can eat shrimp trying to entice people in after lockdown that backfire they got rid of their whole C-suite they're going bankrupt. Red Lobster bankrupt and geez the restaurant and tourist industry has been gutted since

[00:10:07] COVID really hasn't bounced back too strongly some it's kind of feast or famine certain areas are doing well but I didn't see that but what I actually without getting to we only

[00:10:17] got a few minutes ought to be limited that's a good thing I won't go down the rabbit hole. What we talk off on this show what happens when debt becomes untenable when the math actually turns into real negative effects having too much debt not enough revenue not

[00:10:37] enough growth and just too much spending right so we talk about that pretty often on this show right. Absolutely. So the Bank of Japan is about five to ten years further down the road than we in the West and

[00:10:54] they are hitting that wall right now they can't keep their interest rates low anymore they've hit a level where no one wants to buy their government debt they have to buy it with their central bank and it's come out that the Federal Reserve has actually been giving

[00:11:17] some of those remember those repos we always talked about there's repose and then reverse repose but the one which gives the bank more liquidity overnight so they don't fold well it's come out that the feds actually been helping out a couple Japanese banks there

[00:11:35] seems kind of shady seems illegal I don't know somehow they're able to make it happen but point is Japan is on the brink they have a very bad demographic problem super aging workforce and they're just 250% debt to GDP so we're at 120, 130% they're at 250% they've

[00:11:55] been at that I'm doing this game for like a decade more than us and they ran out of runway and I don't think it's gonna take us another decade to get where they are

[00:12:02] there'll just be a couple more years so I wanted to point that out if people want to see where we might be five ten years from now maybe even three years look at Japan and

[00:12:12] what they're going to be going through right now yeah it's important to note that they're not a nation with 300 million people across the continent with nuclear weapons and the default bastion of capitalism and financial you know ret and woods right so can Japan come apart at the

[00:12:38] seams and look like Argentina and then does it mean we necessarily have to think time will tell I take your point though that when the math matters the math matters but if that's happening to

[00:12:51] an island nation like that at 250% how much what greater thousand percent I mean what would break USA's back in the same terms it's got to be more right there could be reasons why or why not

[00:13:16] I think it could be less actually but that's only really that we would have that like I mean about how to write you a letter dissertation we can review but one thing I want to say is how this

[00:13:26] manifests well the Japanese yen is down about 50% in the last couple years so had massive massive inflation you think inflation's bad here it's more than twice as bad in Japan over the same period probably three times as bad since COVID 50 60 plus percent inflation since 2020 and rising

[00:13:49] and now they're just totally trapped in stagflation where no one's investing no new jobs are being created but inflation's ticking up and now there you know what they got that we might not have

[00:13:59] what you said we it is advantageous to us for some degree but it's also disadvantageous we don't have a manufacturing based export things they're able to export much more with a depreciation depreciating currency so they might be able to drag themselves out of this

[00:14:14] but we may not we may not as much I don't know we'll talk about that I'm sure we'll get to experience the collapse of the US dollar real time here on page repair hour but future

[00:14:24] day we had a commercial first so let's do that all right meet you on the other side Patriot power hour interception February 25th 2020 episode 85 why can low interest rates be bad in layman's terms think of it as a drenlin if you're running on adrenaline at all times

[00:15:48] that is really taxing the system and really it could kill you sometimes you need a drenlin if there's a medical emergency that can keep the patient alive right bam right in the heart

[00:15:58] like pulp fiction but guess what you can't be having that all the time we're not just seeing emergency measures we're seeing unprecedented emergency measures very low interest rates for prolonged period of time they simply lead to bad and poor allocation of capital

[00:16:18] slash resources malinvestment those investors whether it's your pension fund whether it's 401k whether it's foreigners who buy a lot of our debt by the way all those folks they want to get a return and guess what when inflation is actually higher even though

[00:16:39] they say inflation rates low it's not this low