Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
On the way to the Bernie Sanders AOC event. Please
keep in mind that Bernie Sanders left one of his
three mansions to get there, and AOC was caught flying
first class on the taxpayer dime to talk about how
much she hates the rich people. That's the way to
do it, AOC. Fight the oligarchy one first class of
(00:24):
the mossa at a time.
Speaker 2 (00:26):
Fight the oligarchy from first class. That's exactly right. Fight
the oligarchy. We're going to go to.
Speaker 3 (00:33):
Yeah, but if you could get away with traveling first class,
you would.
Speaker 2 (00:37):
Oh. I did. As a government employee, I flew first class,
and with the approval of White House Counsel's office. And
and the primary reason is not The primary reason reason
(01:00):
is because of my security detail. They don't want guys
with guns taking up because we would happened is one
would sit the when when they booked the flights, one
would sit across the aisle from me, and one would
sit behind me. And so they wanted maneuverable maneuverability. So, yes,
(01:23):
I flew first class, but first class sucks compared to
a ghost stream.
Speaker 3 (01:31):
Okay, here there you go.
Speaker 2 (01:33):
I was waiting for it.
Speaker 3 (01:33):
Where is the sure gonna drop.
Speaker 2 (01:35):
And there it is, and there it is and so yes, and.
Speaker 3 (01:40):
It is.
Speaker 2 (01:42):
Man and only not only is it the Gulf Stream,
but and I forget what they call If girl dad's listening,
you'll have to remind me. I forget what they call
the the group that maintains what used to be Andrews
Air Force Base, but now it's joint based Andrews. Uh.
There there, whatever that squadron is, whatever the group is,
(02:02):
there's this, there's a particular name for it. And because
they handle all of the travel for you know, like
potus and vice potis and and all this, you know,
secretaries undersecretaries, they uh, they have an entire group that
that's all they focus on. So you like my schedule
(02:23):
would come and say, hey, your scheduled to fly from
uh Andrews to you know, tim Buck to and it's
a four hour flight. Uh what do you want to eat?
Speaker 4 (02:35):
What?
Speaker 2 (02:35):
And of course, first time they asked me that question,
you know what, my answer was, Well, what are my
choices anything? Do you want the chicken or do you
you know, like, do you want the chick? Do you
want the chicken? Do you want to beef chicken?
Speaker 3 (02:48):
Beef for fish?
Speaker 2 (02:49):
Right, Yeah, which do you want? It's like no, no,
what do you want to eat? Like, whatever you want
to eat, that's what that. If you want Peb and
j They'll go ahead and get Peb and Jays and
you'll have PB and Jay's and dieke. If you want McDonald's,
they'll go get McDonald's and they'll reheat it and you
can have McDonald's or if or if you want them
to go to Whole Foods and get Tune official whatever
(03:11):
you whatever you want, and we wonder why we're in
debt to the tune of thirty seven trillion dollars. Good grief.
Before we get into the serious, Well, this is serious
because I do you know, I often talk about the
stupid stuff that goes on in Colorado yesterday when I'm
(03:34):
maybe you guys have heard of this story. I haven't
heard the story because I'm like, over, I noticed that. Yeah,
I think I mentioned this before. But when I walk
in and and if I'm not coming back through the
back way and I'm coming in through the our, through our.
Speaker 3 (03:49):
Reception friud, We're just the packages sit for days on.
Speaker 2 (03:55):
Reception area where the FedEx boxes sit for months before
somebody finally says, where the is that fed X package
I ordered? You know a month ago? We're missing a
laptop we got that's right, we got the email of
a missing laptop. But I'd like to know who the
hell steals a laptop from from this building. It's it
was still it was apparently still in the In fact,
(04:15):
I think I I admitted to Chris that I think
I saw it. It was on the third floor and
on a Saturday when I was in here doing the program,
I actually think I saw that sitting on that tall counter,
you know, like we have them in the conference area.
Is yeah, whatever the hell they call it. And I
walked over because I thought, why's the laptop just sitting
(04:37):
out here? And I looked at it was still in
It was in the Lenovo box but had a FedEx
label on it. I didn't pay any attention to the
name or anything. I just kind of looked at it
and kept on going to whatever I was doing. But
it disappeared. I don't I don't know if they ever
found it. Now, can't they can't they track.
Speaker 3 (04:53):
That once it's delivered it's out of FedEx's hand.
Speaker 2 (04:56):
But no, no, I mean, can't they track like once
it connects to the internet. Can't they track like oh this.
Speaker 3 (05:02):
If they've already set it up, if it's brand new,
out of the box, never been you know, turned on before,
then it's okay.
Speaker 2 (05:09):
It's like a raw laptop and you can huh. So, well,
I shouldn't say an employee because other people have access
to this building. Correct, And as you know, our security
is as tight as it is down at Supermax. Getting
this place is getting in like Supermax.
Speaker 3 (05:29):
Any wait, wait, you mean like the Aurora prisoners that
escaped and.
Speaker 2 (05:35):
Yeah they found now, Yeah, except what you and I
do instead of escaping here, we actually show up here.
That's the stupid thing about us, that we actually come
into the building instead of trying to leave the building.
I don't understand that.
Speaker 3 (05:47):
Yeah, but neither of us will be disappointed if we
try and swipe our badge and the light just stays red,
that's right, We'll be like.
Speaker 2 (05:53):
Okay, well, today's the day, go home, go back to bed.
So anyway, this story out of Montrose you may have
heard about, but I didn't see it. But then last
night I was having a somewhat difficult time finding something
for a Michael Brown minute, and I shouldn't say. I don't.
I hardly ever go to nine News, but I went
(06:15):
to nine News to see what they had, which reminds
me because when I walked in this morning. So here
we have on our TV monitors, we have CNN and
Fox News. Over at the blowtorch, they have nine News
and CNN. That kind of tells you all you need
(06:37):
to know about perspective. I try to have both. They
try to have one, but anyway becaues it may So
I'm on nine News and I find this story on
their YouTube channel. The headline is City of Montrose agrees
to pay thirty five thousand dollars for violating man's rights
(06:58):
with ticket for swear at the popo. Now the popo.
Now here's my advice. My advice is, you have a
right to swear at the cops. You can get the
cops the finger, you can toss them out, you can
tell them to f off, you can do whatever. I mean.
It's all protected by free speech. However, because you have
the right to do it does not necessarily mean that
you should do it. But cops should not then give
(07:22):
you a ticket or arrest you or search your car
because you swore at them. So everybody was wrong here,
everybody was wrong. But because everybody was wrong, who's paying
for it?
Speaker 5 (07:33):
The taxpayers in search of a stolen car turned up
a sex toy. It was all fun in games. Then
Josh Smith found patrol cars in the drive through landed Humdingers.
Speaker 2 (07:44):
Humdingers. You ever been to Humdingers. It's been a couple
of years since I've been to Montrose. And by the way,
anybody listening in Montrose, I'd love Montrose. If I had
to retire in Colorado somewhere, I'd retire Montrose.
Speaker 5 (08:03):
And the laughter stopped.
Speaker 2 (08:05):
Now he calls them s heads and d heads and
tells them to get out of the way.
Speaker 5 (08:10):
One officer cited Smith with disorderly conduct, later amended to
interference interference.
Speaker 2 (08:17):
What's that? I thought that was a penalty in football
or basket football interference.
Speaker 5 (08:22):
Judge tossed that citation, ruling that while Smith's language may
have been offensive, it was also protected by the First Amendment. Now,
the city of montros has agreed to pay Smith thirty
five thousand dollars.
Speaker 2 (08:37):
I like the way, the reporter says, thirty five thousand dollars.
Speaker 4 (08:42):
Just overjoyed, got to happy it's over with.
Speaker 5 (08:47):
The one thing Smith wanted, a promise that officers would
get training on free speech, is not part of the agreement. Still,
he's optimistic.
Speaker 4 (08:55):
Hopefully they you don't go into that academy and and
tell them and educate them on it.
Speaker 5 (09:02):
And he's also unrepentant.
Speaker 4 (09:04):
I wouldn't change a thing, wouldn't do you know, I
wouldn't do anything different. I mean, they leave me alone,
I leave them alone.
Speaker 5 (09:11):
We reached out today to Montrero City officials. We have
not heard back as for what he plants to do
with the money. Smith that he's going to take a vacation,
possibly to the East coast, and put the rest away
in savings. Live in the newsroom, Kevin Vaughan nine News.
Speaker 2 (09:26):
Boy, It's been a long time since I've seen nine News.
I have no idea who that reporter is. And I
would suggest to the cops too, if you're searching someone's car,
don't do it in the drive through. I mean, you know,
like you know, you and I as drivers have to
pull over or slow down, right, I mean, it's it's absurd. Now.
(09:48):
I would suggest to the cops, if there's somebody that
you're going to search, pull out of the drive through
kiss stupid stuff everywhere. Then I get an email last night.
I won't tell you who it's from. I know who
it's from, and it's someone that I that I adore
very much, and she's a wonderful human being. But I
(10:13):
don't think she actually heard what I said yesterday about
the detour trying to get into work. You may recall
that yesterday I get on to CE four seventy when
the overhead sign says that the northbound ramp is closed,
and I'm trying to decide is it really closed or
CE DOT which is not always Johnny on the spot
(10:37):
that it was closed earlier in you know, overnight for
some repairs. Because I, you know, here's the sad thing.
When I saw that the northbound ramp to twenty five
was closed, I thought, yay, they're doing some patchwork. They're
trying to fix the potholes. And so I Bitchednemon yesterday
about having to take a curtuitous route to get back
(10:59):
to to get to iHeart, to get to the Death Star.
And then we find out that no, actually it was
because there was a train and car wreck between RTD
and a car and what we didn't know we joked
about RTD was something about maybe somebody did we find
(11:21):
out somebody was her on the area yesterday, not.
Speaker 3 (11:23):
That the driver of the vehicle had died, had died,
then we had no worries because nobody was on the
rt Yeah, don't worry about the.
Speaker 2 (11:31):
RTD because nobody was on the RTD. Well, somebody thought
that I was making fun of the fact that maybe
somebody died, which we were not. No, we were not
doing that at all.
Speaker 4 (11:43):
Uh.
Speaker 2 (11:43):
We were sorely disappointed that the reason that the northbound
twenty five UH interchange was blocked was not because they
were going to repair the damn interchange, but because the
train below it had had run into a car or
a card run into the train. We'll just leave it
at that. We don't know which is w So now,
(12:04):
are there any other corrections that we need to make
to the record? Are are we good to now proceed
or are we still stuck on other Oh? I'm sure
there are plenty more. We just don't know about them yet,
and we nor do we really care? True? Yeah, And
the only reason I even care about the rt D
thing is because well, of who sent me the email?
And so, yes, so Thank you Kathleen for sending the email.
(12:32):
Now let's get to h I told Dragon came in
and it's like Dragon was griping at me already, and
what are we going to do today? I said, well, unfortunately,
we have to talk about tariffs, but I want to
talk about tariffs in a little different way. So everybody,
just before you before you start changing the channel, because
trust me, there's no there's nothing on the other channels.
(12:54):
You need to stay right here. And I don't even
remember what it was yesterday, but something occurred yesterday that
made me once again come to the conclusion that one
we can't believe everything that we read, uh And two
the media in this country is so freaking bad that
(13:21):
I'll give you a little hint, not a hint, but
just an example. So you know the and I forget
the kid's name that was at Columbia that we're going
to deport because he's been actively engaged with hamas well.
The story and I'm really short circuiting the story just
to get to the main point is that a lot
(13:43):
of the social media, particularly on x and Facebook posts
that you see that maybe are driving a different narrative,
you know, pro hamas anti semi whatever it might be,
is being driven by bot farms all over the country.
Now we've are all over the world. Now we've known
(14:06):
that for some time. But the story that I got
a glimpse of in the past twenty four hours is
that it's not just bot farms that once again NGOs
are hiring marketing and PR firms to go out and
spread these false narratives. And of course, you know a
(14:29):
PR firm. I'm not trying to criticize all PR firms.
I have friends that work for PR firms. I know
a lot of PR firms and they do, you know,
really good, solid, what I would call legitimate work. But
these Hamas groups, these NGOs are hiring these firms to
(14:52):
go in and they just get banks of people that
do nothing but go on and if you say something,
you know, pro Israel, then they start attacking you. Now,
the bots do that, obviously, but that's all automated. This
is these are actually human beings being paid money by
terrorist organizations to come after people. And that made me
(15:17):
think of the larger picture that everything that we are
thinking or being driven for. For example, let me let
me look at you know, let me look at Drudge
oh yeah, here it is in all you know, block letters,
giant fonts. Stocks continue to plunge, bomb sell off deepens
(15:39):
Wall Street panic. China slaps USA with eighty four percent tariffs.
Let's see, we could be bombing Iran if Tehran doesn't
fall in line, be two bombers of mass for strike.
What are some of the subheads? Delta Airlines pulls their guidance,
with trade war beginning to squeeze travel, airlines as a
(16:00):
banner year are over. Walmart pulls it forecast Republican Senator
Grill's trade representatives? Whose throat do I get to choke
if you're wrong? Trump to Republicans, soak the rich. So
what's really going on? Well? I think what's happening is
(16:22):
Donald Trump is doing not only what he said he
would do during the campaign, he's also said he's doing
what he's been saying for the past forty years, going
all the way back to the nineteen eighties. And he's
doing it at a time when everything for the past
you know, eighteen nineteen years that I've been on radio,
(16:46):
have been telling you that we are facing a fiscal
cliff and there would be some tipping point. I didn't
know what the tipping point would be. I don't think
anybody knew what the tip I don't care House Warren
Buffett didn't know, Bill Gates didn't know, Ray Dalio didn't know.
Nobody really knew what the tipping point was going to be.
(17:10):
But I think we've kind of reached that. Everything that's
going on. You got the Russia Ukraine War. You've got
China doing everything that's doing in the South China Sea,
everything that's doing in the Taiwan streets right now. You
have Hamas, You've got the Iranians and the who THESM
has belonged Hamas Hamas. You've got all of that going on.
(17:34):
You had all of the stuff going on with respect
to the twenty twenty four presidential campaign, and now you
have all the books coming out that basically point out
that for four years we were governed by not by
the elected president of the United States of America, but
by a staff that was hiding his dementia. And so
(17:56):
lord knows who was running the country, doctor Jill Biden. Biden,
you know, when he wasn't on crack. Maybe maybe the
cocaine they found in the West Wing really did belong
to Hunter Biden. Hell's bells made it belong to Joe Biden.
He didn't know. He left it sitting around somewhere. All
of this stuff is now boom coming to a head.
(18:17):
But tarriffs had become the flash point, and I'm not
really convinced that excuse me that tariffs are the flashpoint.
There's there are too many other things going on that
I think we ought to think about to expand or
broaden our perspective on the tariffs.
Speaker 1 (18:39):
In order to make downtown Denver look better. According to
that Do Better Denver, supposedly there's a gag order by
Mayor Mikey on the Denver Police Department to not report
all shootings or murders in Denver. Yeah, that's the way
to make our city safer. We just don't report about
(19:01):
the murders. What an idiot.
Speaker 2 (19:03):
Oh man, I gotta find that story before we get
back to tariffs. We had a text message about something
that Senator Kennedy said last night on a special edition
or something of the Hannity Program, which obviously I don't watch,
and it's freaking hilarious. I think they don't see It's
(19:27):
the reason there are directions on a shampoo bottle leather rents.
Repeat Senator Kennedy, Congratulations, there is the SoundBite of the day.
So now let's go back to tariffs. So Trump's been
promised promising us that he wants to realign the global
(19:47):
financial order, that the debt is unsustainable, that the spending
is unsustainable, that we can't keep incurring these trade deficits,
that what we did in nineteen forty five maybe may
have been good to try to help rebuild countries around
the world that were devastated by World War Two. But
we never stopped and said, Okay, enough's enough. Now let's
(20:10):
go back to some sort of free trade or reciprocal
trade agreements, trade at tariffs or something. And we just
kept doing it. And then the Democrat starting, you know
again after World War two, just spend spin, spin, You
got the War on Poverty, you had, you had all
lbj's programs, You've got Social Security, Medicare, Medicaid, all of
(20:33):
these unsustainable, actually unsound programs. And we all knew that
at some point, you know, debt service would become the
largest part of the budget, at exceeding the amount that
we spend on national defense. And then with the North
America Free trade agreement. We started offshoring the production of
(20:57):
all of the stuff that we need, pharmaceutical, steel, aluminum, uh, automobiles, electronics, everything,
we just clothing. You ever thought about furniture, You know,
the Carolinas used to be like the center of the
universe when it came to manufacturing furniture and textiles.
Speaker 3 (21:21):
Uh.
Speaker 2 (21:21):
You know, I I think I've got one pair of
Levi's because Levi's are no longer made in the United States.
And if I can't buy jeans that are made in
the United States, that I'm gonna buy some really good
salvage denim that's you know, Japanese or you can still get.
There's a place in uh, North Carolina that I buy
(21:44):
a lot of my genes from Raleigh Denham and they
they found some old white oak cone denim roles and
they're making vintage gens out of this old American made
salvage denim. But otherwise we've offshored textiles, we've off toward everything.
So all of a sudden, all of you know, Trump
(22:04):
comes in and he wants to focus on tax cuts,
reducing spending, and trade imbalances and tariffs. He starts focusing
first on the spending. Now, I personally wish he had
focused on the tax cuts, or actually should I shouldn't
even say tax cuts, although I'd like to see additional
(22:26):
tax cuts. He should have Secondly, focused on get get
the spending. Start start exposing all of the spending box
Congress into a corner about that. Then start focusing on
maintaining the Trump tax cuts, and in addition to that,
increase the tax or decrease the tax rates for corporations,
(22:51):
if not, just eliminate the corporate tax as far as
I'm concerned, and start us on a path toward eventually
eliminating the income tax and getting us on the on
the trail some sort of path to a consumption tax,
and then start dealing with the tariffs and the trade imbalances. Third,
I've done that for pure political reasons because well, it's
(23:13):
already time for the midterms. I know, not quite yet,
but midterms are next year, and we're all we're not
quite halfway. Well, we're a third of the way, we're
a fourth of the way through this year. So we
got three fourths of this year and then next year boom,
the midterms a year, so it's going to be a
lot quicker than you think. So all the attention right
(23:36):
now is being and I understand why, and it's justified
to pay attention to all the tariffs. And obviously everybody's
all swarming around the impact that that's having on the
stock markets and to a certain degree, having on the economy,
but we're not paying any attention to all the other
things that caused that, and that was eventually going to
(23:59):
cause all these disruptions to begin with. Now, the tariffs
are important, I just would have put them in priority.
I would have put them number three or four, not
number two. But that's you know. I'm not in Trump's head.
I'm not in the West wing, so I'm not quite
certain what their strategy is. I think the far more
(24:24):
important thing to focus on is the current and the
future breakdown of the monetary order. Because of all the
debt and spending, we've actually totally ignored the political realignment
(24:47):
that is going on. For example, I want to give
you two examples. The first example would be think about
the story yesterday at yesterday morning, before it hit anybody else,
I finally heard we were coming back from dinner last night,
and it was either Laura Ingram or Jesse Waters. I
(25:09):
forget which one, but they were last night talking about
what I had told you yesterday morning, about this new
report that's out about this assassination culture that is now
existing among those who are left a center. That is
a major political realignment where they have gone so far
(25:34):
off the deep end. They're so lost in the wilderness
that they think that resorting to violence is the only
way to now regain power. And Democrats are truly into
political wilderness now. Obviously, John Kennedy Thinksator Senator Kennedy thinks
(25:55):
that AOC is the current titular head of the Democrat Party.
Some would say Bernie Sanders. I happen to think that
it's a combination of Bernie in AOC, because they're the
ones out right now that are spreading the message that
resonates with that very minute part of the Democrat Party
that truly are socialist Marxist communists. That's who's taking over
(26:19):
the Democrat Party. And then when you look at the
approval ratings, the Democrat Party has an approval rating that's
down in the twenties and thirties. That's a political realignment.
So that's going on right now. And then you look
at the geopolitical order and how that's beginning to change
(26:40):
and beginning to break down. We don't I know. In
these quarters on this program, I have probably to your chagrin,
talked incessantly about the dangers that communists China presents to
the world order. They one point six one point eight
(27:01):
billion people, whatever the population of China is right now,
that's a huge market. India one point five billion or
whatever it is in India, huge markets, huge populations. But
you think about China. China is with their Belt and
Road initiative, they are beginning to uh, gather up countries
(27:24):
because they're they're acting like the mafia. They're going to
these countries, these craphole countries and basically saying, oh, you
need some infrastructure, you need an electrical grid, you need
some hydro electric power, you need some dams, you need
some roads and bridges, you need whatever it is. Well,
you are here to help you. And then, just like
(27:44):
the mafia, they make a deal that they can't turn down.
And then they realize that, oh the countries do the
craphole countries realize, uh, oh we can't afford this, we
can't pay it. We thought it was a great deal,
but we can't pay it, we cannot meet the debt
service on this China set steps in it says, oh,
don't worry about that, We'll just take over your country.
(28:05):
And then and this was not reported very very much.
And I think it was in Siberia where they were
building a gigantic bridge as part of the Belton Road initiative,
or Cooset Stand maybe Siberia kosets Stann, I forget somewhere
in one of those countries. But such shoddy construction because
(28:25):
they're trying to build everything so fast that the built
the bridge collapse killed a bunch of children. But you know,
that doesn't get reported, and it doesn't get reported because
the media in this country is so blinded by their
hatred of Donald Trump that they don't see this whole
world realignment going on right now. So this, all of
(28:47):
this realignment, all of this breakdown occurs only about once
every generation, and it's occurring right now in our lifetimes.
But these realignments and these breakdowns happen when similar unsustainable
conditions exist, and that's where we are today. We have
(29:13):
a lot of other conditions that are unsustainable that are
being ignored because we're all focused on the stock market,
and we're all focused on tariffs, and so the media
wants you to believe that all of this upheaval that
is occurring right now is because of Donald Trump. Well, no,
Donald Trump stepped in. Now he's going to get the blame.
(29:35):
Don't don't misunderstand me. I know Donald Trump's going to
get the blame. But what's really going on here is
that Trump comes on the scene and starts doing the
things that he wanted to do to address these geopolitical problems.
At the same time that the geopolitical problems really begin
(29:56):
to start the realignment and begin to manifest themselves in
ways they catch our attention. So what are they? We'll
start walking through them. Next.
Speaker 4 (30:07):
Levi's Jeans. I used to buy Levi's jeans five ozho
ones all the time. Then they moved to Mexico and
I noticed that the crotch kept wearing out. Yeah. I'd
like to say it was because God was kind to me,
but I cannot lie. Uh, it's just an inferior material.
(30:29):
Don't buy Levi's.
Speaker 2 (30:31):
Yeah, and if you can get now. Some people don't
like the field of salvage, but I love the feel
of salvage. Didn't, So if you can, if you can
find that, I'd encourage you to do that. So let's
go through these things that are beginning to break down
and game as well. Just sit back and relax because
because I kind of want to go into depth, in
(30:53):
depth on some of these. So first, the monetary and
the economic order is breaking down, and that's because we
have too much debt. And it's not just us, the
entire world has too much debt. You think about Western Europe,
So Western Europe, you know, star starts starts out on
this social welfare program of you know, just providing everything.
(31:17):
So they just tax, tax, tax, and they spend, spend, spend,
and then on top of that, then because they're so woke,
then they start allowing this mass migration. So all the
illegal aliens start coming flooding into the country and they
just because you know, well because we got you know,
we gotta take care of them, so, you know, they
they create a pull factor that brings all of those
(31:40):
people in. They don't assimilate, they start breaking down European culture,
and then they start paying for them. There's no incentive
to work whatsoever. Now, you know, I often joke about
retire I just I I don't know when or how
(32:01):
I will ever retire because I can't imagine not doing anything,
and I haven't figured out what that anything is doing.
Plus I love what I'm doing right now. But if
if somebody said to me, hey, we'll continue to pay
you what you currently earned right now, but you don't
have to do anything. You can go do anything you
(32:21):
want to do, well, then you know I might consider
that because it's human nature that if you can get
it for free. Wh wh why do people? Now? I
don't because I don't like the idea of picking up
a sample at a Costco store that's been sitting out
on a tray the whole time. I'm too ocd about that.
But why do people pick that stuff up? Why do
(32:42):
people in this building? Which I always find fascinating, You
can put anything out in this building and you don't
even have to say it's free. They just take it.
They just take it. The Boss, the Big Boss, came
in yesterday as I was leaving, putting out bagels, and
I just laughed to myself because it was a small
(33:03):
box of bagels, and I thought, that's gonna last about
two minutes. There'll be done in two minutes dragon, you
were here, How long do they last five minutes?
Speaker 1 (33:12):
Five?
Speaker 2 (33:12):
Okay, five minutes to spread? Oh yeah? The uh uh
So there's there's the breakdown of the monetary systems. If
you understand currency, you understand that it's backed by the
full faith and credit of the United States. However, the
(33:34):
full faith and credit of the United States is now
if you take it, if you did a real appraisal
of this country, and you could value everything that the
country owns, everything that we have, including national parks, you know,
the space program, the you know, every asset that you
(33:55):
could possibly come together, we might possibly be solvent, but
that solvency based on the idea that you could find
a buyer for it, or that you want to sell it.
Do you really want to sell the Grand Canyon? I'm
not sure we do. But it's not just us, it's
every country in the world. And the debt is unsustainable
(34:18):
because of the large imbalance between debt or borrowers who
owe too much debt and that are still taking on
too much debt because they're hooked on the debt to
finance their excess spending, and then the lender creditors like China,
who already hold too much of the debt. They're hooked
(34:39):
on selling their goods to the borrow debt or is
like us, in order to sustain their economies. The dealer
is also the user, and the dealer who's dealing to
the user is the user.