October 11, 2024 • 40 mins
The guys discuss the fact we are a nation in irreversible debt and our kids will have to work much harder to afford much less
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Episode Transcript
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Speaker 1 (00:03):
A message for folks who are still contemplating voting for
Kamala Harris and a machine that created her and Jazz
hand Waltz. You know who has general. You know who
has free meals, free housing, and free healthcare. That would
be prisoners and slaves and animals in the zoo. Take
your pick, which do you want to be.
Speaker 2 (00:22):
I'd like to be the animal in the zoo, because
at least people would find me interesting.
Speaker 1 (00:27):
You are interesting. I've spent most of my life general
voting between the two parties. I am not beholden to
one party. I'm not what we'd say a party loyalist,
very much an independent thinker. And if you're a regular
listener to the show, thanks for continuing to listen. But
I've not hidden the fact that I voted. Here's my
(00:50):
voting history since I turned eighteen. Reagan eighty eight, Pro
ninety two, Pro ninety six, Bush two thousand, Bush Oh
for Obama Obama twelve and then I did have one
of my little girls press the button for Hurricane Hillary
and sixteen I did tell her, I said, honey, I
(01:11):
want you to press a button for the first female
president of the United States. I truly I think most
of us thought she was going to win in sixteen.
Speaker 2 (01:19):
Well, I think that you also wanted plausible deniability and
you achieved it.
Speaker 1 (01:23):
And then Trump and twenty and it's sure as hell
is not going to be Kamala and Jazz hands in
twenty four. But I've spent most of my life voting
between the two parties, and we consider ourselves to be
kind of original conservatives. We believe that our natural that
our rights as rights as Americans, their rights as human beings,
(01:48):
come from our creator, from God, not the state, not government.
What the government gives, the government could take away, and
that's what we're against. Government was created by free men
to protect these rights, not take them or trick us
into thinking government and distant elites know better how to
run our family, our home, our village. Those words right
(02:12):
there were written in seventeen ninety three by one of
the lesser known founders, God by the last name of Yates.
And by seventeen ninety three we're six years into this
new government. We got the battle between the federals and
the anti Federalists. Within six years, they were already already
(02:34):
problems distrust of this new creature, this new federal government,
and you had a tug of war. We didn't want
this centralized government, a strong federal government. The Hamiltonians and
federalist way, which is why we love our Virginian Bagrarian
Republican small R Jefferson, Madison Monroe, our old Hickory out
(02:59):
of Tennessee, the first populist right. Jury's out on Abe.
You know, we can do a show and Abe, we
can talk about him. I'm a fan of Teddy, a
tr rather, but.
Speaker 2 (03:13):
I'm on the fence on him. And of course he
had some famous saying about being on the fence. Yeah,
I fence straddlers.
Speaker 1 (03:21):
Yeah, I mean he was. He was a trustbuster, He
was an anti monopolist. He wanted government to step in
because he saw crony capitalism and I do believe that.
But I also saw the rise of the imperialism.
Speaker 2 (03:38):
His critics would say that he would go in a
certain direction or give a sign that he was going
in a certain direction until they bought him off.
Speaker 1 (03:47):
But what I get that, and I don't doubt that.
I don't doubt that. The real problem I have with
tr is what he did in nineteen twelve. He ran
against his buddy Taft, who just wanted to be on
the Supreme Court, which he eventually became chief of But
he ran at his third party, sucked votes away from
(04:08):
Republican Taft and put this horrible president in power nineteen twelve,
Woodrow Wilson. And we've done shows talking about what happened
under Woodrow Wilson's presidency. I'm not going to say at
the hands of Woodrow Wilson. There were other men's hands
doing the creation. His whole his whole doctorate. He was
(04:34):
our first president with a doctorate. His whole doctorate was
on making Congress stronger centralized government.
Speaker 2 (04:42):
Interestingly enough, Taft scholars say that the years that he
hated the most were his years as president, and that
was actually the only time when he ballooned up to
his top weight. When he was on the Supreme Court
and when he was before he was the president, he
did not have a weight problem.
Speaker 1 (05:00):
We've done shows on you can go into our show
and I think you can search. You can type in
Woodrow Wilson, you can type in the Federal Reserve, and
we've nibbled on the edges. We're going to wander into this,
and we kind of promoted this show at the end
of our last show. We really want to get the
American people, and we're trying to be the voice of
(05:20):
the American people to understand why we're here where we are,
and to think about things a little differently, and we're
going to channel Dutch. Ronald Reagan and I spent in
preparation for this show, spent a significant amount of time
reading and listening to Reagan's speeches. He gave thirty four
(05:43):
to thirty five speeches as president. I listened to his
inaugural address in eighty one, his farewell address in eighty nine.
I listened to his debates with Walter Mondale in eighty four.
Speaker 2 (05:55):
The Carter debates weren't bad either.
Speaker 1 (05:57):
I listened to his sixty four speech on behalf of
Goldwater Well.
Speaker 2 (06:02):
And one thing most people don't realize there's a recording
of radio three minute radio broadcast that he did between
nineteen seventy six, I think and nineteen eighty.
Speaker 1 (06:18):
Yeah, and you owe me these recordings. Say you're gonna
put this on a thumb drive and get.
Speaker 2 (06:21):
Them to me, right, And he wrote all those no
speech writers during that time.
Speaker 1 (06:26):
All right, And just as a footnote here on the show,
we've lost my wife, So somewhere along the way on
the show, we lost her. She's just like, look, it's history.
I don't care. I don't understand what you guys were
talking about. Can you make it a little more USA
Today version. I'm like, you know, I know we may
lose some listeners, but there are people that love this
(06:48):
stuff and it's just for them. And she said, you know,
you guys need to promote the show and do more
marketing and advertising. We don't want to, we want you know,
we're not here to do it. We just want to
be a signal for the folks that are interested that
get it. Yeah, we're not. Look, we have no illusions
(07:09):
that we're going to be able to turn this this
tanker around in the harbor. This tanker is headed straight out.
Doesn't matter how you vote, what I think, what the
general says, this tanker is moving on without us. So,
but the issues confronting us the American people, both left
(07:30):
and right, I would say, since Woodrow Wilson took office
in nineteen twelve, and his whole idea and this was
the age of new schools of thought, new schools of
economic thought, this is before political science. But he got
a PhD. I think in history from JOHNS. Hopkins, he
(07:54):
was a president of became Princeton, but it was the
College of New Jersey, and he really didn't have aspirations
to become president. He became a useful smarty pants for
the men, the robber barons, the Titans that wanted their
(08:16):
monopoly on banking and a monopoly on printing money. That's
what today's about. And we've nibbled around the edges on this.
We've done shows talking about the Rothschilds and banking and
the whole first hundred and twenty five years of American history.
(08:41):
There were big battles at the federal level about a
central bank and about an income tax, and the constitution
specifically forbatis a direct tax on the people right, and
the constitutionally the constitutionally specifically for it's Congress from doing
what with currency? Sorry, doing what with currency?
Speaker 2 (09:05):
Well, the Congress is the only one who's given power
to coin, to set up the coin, the currency, to
mint the currency.
Speaker 1 (09:13):
But the banking itself became private, and we gave them
a monopoly to Federal Reserve, which is just a bank,
a private bank.
Speaker 2 (09:25):
It's not a banking No.
Speaker 1 (09:26):
It's a. It was set up as a bank of
last resort because you had you had a lot of
crashes and run on banks which were caused by these
same men. You know, there are ways to control the
economy when you control the gold.
Speaker 2 (09:44):
Well, how about the market will sort these things out.
Speaker 1 (09:46):
Right, right, that's the whole point. So this show, after
the break, we're going to pick up on the the
this this we've gone. We've seen the march through the
institutions that's behind us. Now you now see Orwell's nineteen
eighty four on full display. We talked about that a
little bit on the last show, and now we're going
(10:11):
to prove to you you really are in an American feudal
system general. When do you think in American history the
American people started to think we were told that big
government knows best. When do you think this kicked off?
Speaker 2 (10:34):
Well, I think it was a growing seed ever since
people back after the Articles of Confederation were done away
with and they included in the Constitution of the Necessary
and Proper powers. That was a seed that was planted there.
And then of course it was the interstate Commerce clause
(10:56):
that of course grew everything beyond recognition.
Speaker 1 (10:59):
Started with courts.
Speaker 2 (11:00):
Yes, and it did. And that you know the courts
are you know, at least on the federal level, they're
all appointed, they're not elected. They've got no terms. They
don't need to stand for anything, which is an advantage
in some things with a disadvantage in others.
Speaker 1 (11:13):
I would I would peg either Woodrow Wilson's two terms
because it was the first time a president had gone
to Congress and asked for a declaration of war, and
we trusted the man. There are a lot of reasons
(11:36):
not to get into the Great War. Of course, they
didn't call.
Speaker 2 (11:38):
It World War One, they didn't reason number it yet.
Speaker 1 (11:41):
So it has a lot of reason to get into that.
It was still a feudal system in Europe that never
really went away. You had some the feudal system that
started to get replaced a little bit by mercantilism and
capitalism in the seventeen hundreds and eighteen hundreds, but really
(12:03):
a true feudal system was gelling with the robber barons
here in the US and of course their compatriots in England.
And I don't want to sound Marxist. I'm not trying
to sound like Karl Marx, but there was they jumped
to tracks from the private big business to public big government.
Speaker 2 (12:24):
And that's the difference, isn't it. When you've gotten no
matter how powerful, no matter how rich Bill Gates or
Elon Musk gets, they can't force you to use their products.
But once they get enmeshed in the government, they can correct.
Speaker 1 (12:38):
So you have the Great Depression. We'll do a show
on the Great Depression. You have the Roaring twenties and
the Great Depression, and things were so bad the American
people were we didn't.
Speaker 2 (12:50):
Have a choice.
Speaker 1 (12:51):
It was FDR and his public works projects, and with
the printing of more money and the you know, we
had a recession in thirty seven kind of slipped back
into it and then World War Two.
Speaker 2 (13:08):
Well, Milton Friedman and Thomas Soul would argue that we
did have a choice in nineteen twenty nine, and that
the choice was taken badly.
Speaker 1 (13:20):
We have been told since FDR's time, which we thought
should have been situational, temporary. Coming out of World War Two,
you have the birth of the Pentagon, you have the
growth of the military industrial complex. We had to spend
(13:43):
we had to put a lot of money into Europe,
We had to rebuild it. We need allies a lot
of money. So the government spent sound like Trump. A
lot of money goes to Europe, and a lot of
people made a lot of money following on World War
Two and rebuilding Europe and the Middle East, Africa. And
(14:03):
then by the time Ike's done in sixty one, he
warns us this is no Hina. You have the growth
of a military industrial complex. JFK sneaks. He gets in in.
Speaker 2 (14:19):
Sixty realized Ike knew what he was talking about.
Speaker 1 (14:23):
And then someone wipes JFK off the face of the earth.
We can do a show on that.
Speaker 2 (14:31):
They weren't aiming for his ear.
Speaker 1 (14:33):
We have Lbj's Great Society. I believe this was the
first big footprint of big government that wrecked the American family.
Speaker 2 (14:46):
You have the.
Speaker 1 (14:48):
Man at home rule for welfare. If there's a man
at home, you don't get a check.
Speaker 2 (14:54):
That's right.
Speaker 1 (14:56):
If there's a man at home, you don't get a check.
There were welfare agents that would go and do random
investigations to see if there was any evidence of a
man living in the home. It didn't take long for
people to realize that you could make the same or
more getting your government checked. And then you realize that
(15:21):
each kid comes with eighteen years of monthly checks a bonus.
You've got to read and you really have to read
the contraran view to Lbj's Great Society to understand the
prophetic senators that were opposing this that said, you're ruining
(15:42):
the American family, and the American family is the backbone
of America, and that's across races. You've got to have
moms and dads at home. You look at the unwed
the percentage of unwed Americans after sixty four versus before
it's inescapable. You have the cultural revolt against the military
(16:10):
industrial complexes war on communism. We were opposing centralized state
planning that what's communism is while we're doing the same
damn thing.
Speaker 2 (16:21):
Here, there's money in that.
Speaker 1 (16:24):
The military industrial complex is endless, not wars conflicts. At
this point in time, they're not sending the president to
Congress for authority to go to war. That's done. We
haven't had that.
Speaker 2 (16:37):
They even passed the War Powers Act. About that.
Speaker 1 (16:40):
You have Republican big business that got together and we've
mentioned the pal Memo in the early seventies seventy three.
I think that gave big business the playbook on how
to push back against this cultural phenomenon known as this
new Left, This are left and big business came out
(17:05):
with K Street lobbyists buying politicians. The Republican sorry, the
Republican Party started this NS well, they do it too,
And now we have the fusion of all three. The
great society, welfare state, the military industrial complex, and the
big business is fusing with the new kid on the block,
(17:29):
big tech. Once hailed as the land of opportunity, the
United States is devolved into a modern form of feudalism.
And medieval times feudal lords rolled over their lands and
they took the fruits of the peasants labor. How we doing, well,
(17:49):
it's we're right.
Speaker 2 (17:51):
It's ironic. Interestingly that you say feudalism, and we need
to specify that that's f e U D E A
L I S M and not just f U T
I L.
Speaker 1 (18:04):
Yeah, good point, feudalism.
Speaker 2 (18:06):
It's ironic.
Speaker 1 (18:07):
So today's the American feudal system. The lords don't reside
in castles and valleys or on hilltops or mountains.
Speaker 2 (18:17):
Some of their places they.
Speaker 1 (18:18):
Sit, oh they have them, but they sit on each
other's corporate boards. It's an interconnected network.
Speaker 2 (18:25):
Yes, that's their court.
Speaker 1 (18:26):
They have their the they have their university system that
is set up to build new walks, mathematicians in doctrinates
and UH to build out new ways to monetize Fiat currency.
Their Ivy League educated business school associates that work eighty
(18:49):
hours a week prepping pitch decks flying in and out
of Teeterborough, White Plains, Opa, Loaca, Scottsdale, Santa Anna, Naples,
Palm Beach. The new feudal lords are flying private with
public dollars. They're flying private with your retirement investments. They're
(19:16):
flying private with your inflated dollars. They're flying private with
the ability to monetize debt.
Speaker 2 (19:27):
So is it really private?
Speaker 1 (19:29):
This new wealth? This new wealth? We have the modern
economic theory of Canes. This is Keynesian economics. Fiat currency,
fractional reserve banking, the discount window, coupled with compbuts derivatives.
(19:51):
There is an entirely new super economy or super economy
that is controlling America and keeping it out of reach
of ninety percent of the American people. All Right, I'm
turny Brad Kaffel. That is the general we are powered
by Chess Round Automotive Group. If you like what we hear,
(20:15):
we do not solicit any any donations, nothing. We simply
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(20:37):
doing the show, research right, get it out there.
Speaker 2 (20:40):
They feel the show is good for them. It's good
for business, and you need to take your custom You
need to take your needs for transportation to people you trust.
Speaker 1 (20:50):
Yeah, I want to. I also want to echo my
Navy Sealed buddy. I'm going to keep saying this. Seals
say get hard, stay hard. And then I add to that,
get small, stay small. And that's the mantra for today.
You're gonna have to put the crack pipe of credit down.
(21:15):
You're gonna have to get small, and you're gonna have
to get your assets, your money. You're gonna have to
get it put away somewhere because this is unsustainable. This
is the There's a couple of issues. Number one is
you have a grotesque expansion of the wealth gap that
(21:35):
mirrors the gap of medieval nobility and their serfs. And
the last segment I talked about this new world of
high finance. In the eighties, you went to school for ECON.
In the nineties it was ECON, and you know, in
eighties it was computer science and ECON. Nineties you start
(21:57):
to get in Econ's going out and and you're moving
into some more specific business school stuff and now it's, uh,
it's all high finance. If your son or grandson, your
daughter or granddaughter is not in the high finance world,
if they're not in the banking world or in the
tech world or the AI world, then they're there. I
(22:18):
don't know what they're gonna do. I'm hoping they get small,
stay small, and they don't chase that laser pointer of
wealth because it's phony, it's artificial. It's a sugar high
and it it corrupts and it will ruin your kid,
(22:44):
their family. Uh, it'll it'll play tremendous uh mind games
with them because it you can never have enough. And
are the greatest generation knew this? You know, the people
that knew how to frugal, grew up with nothing. The
men who don't want war are the men that fought
(23:07):
in war. We now have neither leading us. We don't
have leaders right now that went through the depression, and
we don't have leaders right now that have been in war.
I'm not saying what we've been doing in the Middle
(23:27):
East is rather asymmetrical. I'm not talking what I'm talking about.
Guys have been in the trenches.
Speaker 2 (23:35):
We don't have that.
Speaker 1 (23:36):
We have special operators that have, and I respect the
hell out of those guys. But Americans are still disillusioned
by the rhetoric of the American dream, meritocracy and economic mobility.
Now you're going to hear the Orwellians out of the
Imperial City, out of Wall Street, and specifically Kamala Harris
(24:02):
talk about an economic equal economic opportunity. You're going to
hear this catchphrase. It's already out there. Equal economic opportunity
is just another or welly and buzzword like memory hole.
It means nothing. In fact, it means the opposite of
what it says. Your kids. My kids are going to
(24:27):
graduate with maybe student loans if they're if they are
fortunate enough to parents that pay for their college, your
grandparents that put the bill, they don't have to worry
about student loans, but they're gonna deal with credit card
debt immediately. Immediately you're twenty two to twenty three, you
(24:48):
get a credit card, you start building your credit instantly.
You're dealing with credit card debt. And the kids don't
know how it works.
Speaker 2 (24:57):
I remember, even back in the eighties, you'd be walking
down on high Street and there'd be people walking up
to you with a credit card application.
Speaker 1 (25:03):
You can't, you just and I couldn't understand why you'd
want to give credit to some with no money. It's
because it's not about getting paid back. It's about them
paying interest. They don't want the principle back. Why because
they didn't lend you the money to begin with. What, No,
they made it. It's Chuckbrook. They just put the digits
(25:24):
in your bank account. They don't have the money. They
just put the digits in your bank account. It's fake.
What they want is your interest. Then your kid gets
into their mid to late twenties and they have and
they're not in high finance and they're not in big tech.
Now they got to find affordable.
Speaker 2 (25:43):
Housing, which isn't easy when you're bringing in a lot
of people from other countries.
Speaker 1 (25:48):
And this isn't just this is no longer the story
of the undereducated, the economically poor, or the politically disenfranchised.
For those Americans that are born after nine eleven, they're
going to be locked in perpetual financial servitude. Those of
us born in the fifties, sixties, and seventies had a
completely different economy to pick jobs and careers froms from.
(26:11):
This new feudal contract is different. Wages of stagnated real
inflation is high, not J. Powell's political inflation. The American worker,
both blue and white collar, is getting reduced to a
precarious existence, surviving paycheck to paycheck with no real hope
(26:32):
of accumulating wealth or financial independence. And if you're lucky
enough to have some money left over, you're told to
give a percentage to this helper, this four oh one
K helper, this financial advisor helper who sets up your
four oh one K or your pension. That helper takes
(26:53):
the cut and sends your money along to another helper,
maybe a fund manager, who takes the cut and sends
your money to another helper, maybe where the stocks are
actually the seat on the exchange where the stocks are
actually traded, and they take a cut and then your
assets grow. And now this new American economy that's being
(27:15):
suggested by the establishment and Kamala is to tax those
gains that you haven't even banked yet.
Speaker 2 (27:24):
Right.
Speaker 1 (27:24):
They want to tax your unrecognized or unrealized gains.
Speaker 2 (27:28):
Now, then the question is is that a direct tax
since it hasn't happened yet.
Speaker 1 (27:33):
The American dream of buying your own home. Home ownership,
a cornerstone of the American dream, is now out of
reach for many. I bought my first home, a condo
when I was twenty five twenty six, right out of
law school. I was able to I was able to
do it. I wasn't making a lot of money. I
don't know what my kids are going to do. They're
(27:53):
they're they're in college and graduating. Millions of us cannot
afford to buy a home, so they rent massive private
equity backed landlords who drive up prices exploit their tenants
because they're gobbling up all the supply. All this spins
up into political power. Now are elected representatives a message
(28:18):
for you. You should be beholden to the will of the people.
You are in your job by our consent. Instead, you're
serving your wealthy patrons. You go on debates, you go
on the campaign trail, and you keep talking about your
humble beginnings proudly. You talk about Kamala talks about her
(28:41):
middle class background, whatever. But you jettison it as soon
as you have the ring on your finger, or you're
trying to get your ring on the finger. And then
once you get into the imperial city, then you find
real money. Seven figure campaign contributions, lobbying. There's six lobbyists
(29:05):
for every representative, jobs for your relatives, super packs. This group,
this political financial elite, has bought the American political system.
Your voice is drowned out by the deafening roar of
corporate dollars unless you listen to our show or some
other shows. We have moved away from the land of
(29:29):
economic opportunities to the land of survival and subjugation. The
feudal system that was in Europe for a thousand years
or more and never left. It just changed shapes. It
wrapped itself in the illusion of freedom, freedom of speech,
freedom to vote, freedom to pursue happiness illusions. When a
(29:54):
handful of mega corporations control mainstream media, your freedom to
vote is meaningless. When major corporate donors trouts on you
and your volk get deluded by the importation of millions
of the global poor who are taking jobs, driving down wages,
getting driver's licenses, running over people, and ultimately they will
(30:16):
get their right to vote. All right, we are talking
about we are living in an American proto beutle system.
If you don't think you are, you are, or you
are already in the high finance, investment banking world, the
(30:37):
private equity world, and good for you because you made
the right decisions somewhere along the way. And we're not
trying to talk like Marxist. We're not asking for a
revolution and a redistribution of wealth. We're just asking that
our government live like we do, which is, you don't
spend more than you make. And if you want to
(30:59):
go to war, get to Congress, pitch it. And and
our congressmen and women need to listen to the American people,
because the American people are overwhelmingly going to tell you, no,
we are not ever going to agree to a draft again. No,
we are not sending our boys and girls to the
Middle East, or to Ukraine, or to Africa. And that's
(31:24):
a non starter. That'll be the be that'll be the
equivalent of the shot heard around the world when the
Brits came for our our guns and AMMO in seventeen
seventy five. S done, you come for our kids. Done.
You can take our money, you can lie to us,
(31:48):
you can inflate the dollar because you're afraid to raise taxes,
but you're not taking our kids hard. Stop. You asked
for a vote. But who do you really represent now?
I just looked at the Congressional Budget Offices website. General
you probably have that saved as your homescreen.
Speaker 2 (32:08):
I do, actually, yes, it's always near to my finger.
Speaker 1 (32:11):
The US federal government's budget deficit for twenty twenty four
is one point nine trillion. I think that's low, but
that's what CBO is saying, one point nine trillion. How
much is that one point nine trillion? I don't have
a calculator big enough. I had to do chat GPT
on this one. One point nine trillion divided by three
(32:34):
hundred and sixty five days is five point two billion
dollars per day is added to our debt. This means
that if this was the federal government's credit card, which
it is every day, five point two billion dollars gets
(32:55):
added to our credit card.
Speaker 2 (32:57):
And that does not include Social Security, the obligations.
Speaker 1 (33:01):
Our government continues to spend five point two billion dollars
a day, more than our government takes in. We've balanced
our budget only four times in the last twenty six years,
and not once in twenty three years. We've raised our
debt limit thirty four times since George Bush the first.
(33:23):
When Reagan took over in eighty our nation's debt as
a percentage of our income was thirty four percent. When
Bush one took over in ninety, our debt was fifty
two percent of our income. When Bush two took over
in two thousand, it was fifty five percent.
Speaker 2 (33:44):
There seems to be a pattern emerging.
Speaker 1 (33:49):
Right now We're at one hundred and twenty four percent.
We have much more debt than income. We are out
spending what we make. It gets worse, guys. The interest
payment we pay on this debt is now larger than
our defense budget. The interest payment. You get nothing out
(34:11):
of an interest payment, No mouths fed, no care for
the elderly, not even a buck for a battleship. Not
a penny goes back into the community for the people.
It goes to the banks and foreign investors, and we're
losing them. More and more foreign investors are going, ah,
(34:36):
we're not going to do We're we're not buying government
bonds anymore. So who's gobbling up all our government bonds?
The Federal Reserve. What we really don't know, everybody, is
how much money is going out the door to NGOs
who are facilitating this invasion of main Street USA. And
(34:57):
we don't know how much money is going out to
foreign country trees whose interests are not aligned with Main
Street USA. Example, we know now that we gave money
to the Taliban, We know now that we gave money
to revolutionaries in Nicaragua. We are giving money to drug lords,
(35:19):
war lords. We're giving money all over the place. It's
your money in pallets, pallets on C one thirties of
cash as the speaking of which, as the most recent
data available in twenty twenty four, the United States holds
six hundred and seventy eight billion dollars in gold. At
(35:41):
least there's something tangible there with real value, unlike this
silken linen piece of pillow case that says Federal Reserve
note six hundred and seventy eight billion dollars in gold,
apparently stuffed in vaults around the United States, making it
(36:01):
the large gold largest gold reserve in the world general.
How much of that six hundred and seventy eight billion
dollars in gold does the United States government actually own?
Speaker 2 (36:13):
That would be zero.
Speaker 1 (36:14):
We don't own an ounce. How can that be it's
in our vaults? No foreign dollar claims are seven point
five trillion. They are lending this money knowing that we
have some gold but not nearly enough, and hoping that
(36:36):
our American economy keeps going. But the feign dollars are
dripping off. Look at it another way. Tell me you're
not living. We're not moving into a proto feudalistic America.
How many hours is do the math? Back to chat
ept because I'm not that smart. How many hours did
(36:57):
a salesman, a teacher, a firefighter, a tradesmen need to
work to afford a middle class home in nineteen fifty?
So in nineteen fifty, the median price of a middle
class home in the United States was approximately seven four
hundred dollars. The average hourly wage for non farm workers
(37:18):
was a dollars sixty an hour. Again nineteen fifty calculation
cost of home divide by hourly rage four thousand, six
hundred and twenty five hours. If you break it from
dollars into hours of labor, six hundred and twenty five
hours to afford that middle class American home today? How
(37:40):
many hours does an American need to work to afford
a middle class home? The statistics I found the median
price of a middle class home in the United States
is four hundred and sixteen thousand. It seems a little high,
but let's go with it. The average hourly rent wage
for non farm workers is twenty eight dollars and fifty cents. Calculation,
(38:04):
how many hours do you now need to work a
middle class economically middle class to afford a middle class home?
Fourteen thousand, six hundred hours. In nineteen fifty it was
four thousand, six hundred.
Speaker 2 (38:19):
Just an extra ten thousand hours. That's all.
Speaker 1 (38:22):
So where are we in twenty four? Are you still
a believer that the intellectual elite in the Imperial City
and Wall Street can plan and the universities can plan
your lives better for you than we can plan them
for ourselves. And as Ronald Reagan liked to say, you
and I are told increasingly we have to choose between
(38:43):
the left or right. There is no such thing as
left or right. There's only an up and down. And
here's what Dutch said. Up the ultimate and individual freedom
consistent with law and order are down to the ant
heap of totalitarianism. As we come under more and more
control of our government, I e. Are creditors. So in
(39:06):
this vote harvesting time, you'll hear Kamala and Jazz hand
Waltz say the words that are written for them by
the internationalist, by the globalist, by the status talk about
equal opportunity economy. Let me tell you what equal opportunity
economy means. It means we must accept more government spending,
(39:28):
not less, More government taxation and confiscation of our earnings
and savings not less. It means more government intrusion into
the private marketplace, not less. And it is now looking
more and more like sending our boys and girls off
to die for another country's independence. Absurd, absurd. Thanks for
listening for the defense share the show. I'm Brad Koppel.
(39:51):
That's the general support Chasren Automotive Group.
A message for folks who are still contemplating voting for
Kamala Harris and a machine that created her and Jazz
hand Waltz. You know who has general. You know who
has free meals, free housing, and free healthcare. That would
be prisoners and slaves and animals in the zoo. Take
your pick, which do you want to be.
Speaker 2 (00:22):
I'd like to be the animal in the zoo, because
at least people would find me interesting.
Speaker 1 (00:27):
You are interesting. I've spent most of my life general
voting between the two parties. I am not beholden to
one party. I'm not what we'd say a party loyalist,
very much an independent thinker. And if you're a regular
listener to the show, thanks for continuing to listen. But
I've not hidden the fact that I voted. Here's my
(00:50):
voting history since I turned eighteen. Reagan eighty eight, Pro
ninety two, Pro ninety six, Bush two thousand, Bush Oh
for Obama Obama twelve and then I did have one
of my little girls press the button for Hurricane Hillary
and sixteen I did tell her, I said, honey, I
(01:11):
want you to press a button for the first female
president of the United States. I truly I think most
of us thought she was going to win in sixteen.
Speaker 2 (01:19):
Well, I think that you also wanted plausible deniability and
you achieved it.
Speaker 1 (01:23):
And then Trump and twenty and it's sure as hell
is not going to be Kamala and Jazz hands in
twenty four. But I've spent most of my life voting
between the two parties, and we consider ourselves to be
kind of original conservatives. We believe that our natural that
our rights as rights as Americans, their rights as human beings,
(01:48):
come from our creator, from God, not the state, not government.
What the government gives, the government could take away, and
that's what we're against. Government was created by free men
to protect these rights, not take them or trick us
into thinking government and distant elites know better how to
run our family, our home, our village. Those words right
(02:12):
there were written in seventeen ninety three by one of
the lesser known founders, God by the last name of Yates.
And by seventeen ninety three we're six years into this
new government. We got the battle between the federals and
the anti Federalists. Within six years, they were already already
(02:34):
problems distrust of this new creature, this new federal government,
and you had a tug of war. We didn't want
this centralized government, a strong federal government. The Hamiltonians and
federalist way, which is why we love our Virginian Bagrarian
Republican small R Jefferson, Madison Monroe, our old Hickory out
(02:59):
of Tennessee, the first populist right. Jury's out on Abe.
You know, we can do a show and Abe, we
can talk about him. I'm a fan of Teddy, a
tr rather, but.
Speaker 2 (03:13):
I'm on the fence on him. And of course he
had some famous saying about being on the fence. Yeah,
I fence straddlers.
Speaker 1 (03:21):
Yeah, I mean he was. He was a trustbuster, He
was an anti monopolist. He wanted government to step in
because he saw crony capitalism and I do believe that.
But I also saw the rise of the imperialism.
Speaker 2 (03:38):
His critics would say that he would go in a
certain direction or give a sign that he was going
in a certain direction until they bought him off.
Speaker 1 (03:47):
But what I get that, and I don't doubt that.
I don't doubt that. The real problem I have with
tr is what he did in nineteen twelve. He ran
against his buddy Taft, who just wanted to be on
the Supreme Court, which he eventually became chief of But
he ran at his third party, sucked votes away from
(04:08):
Republican Taft and put this horrible president in power nineteen twelve,
Woodrow Wilson. And we've done shows talking about what happened
under Woodrow Wilson's presidency. I'm not going to say at
the hands of Woodrow Wilson. There were other men's hands
doing the creation. His whole his whole doctorate. He was
(04:34):
our first president with a doctorate. His whole doctorate was
on making Congress stronger centralized government.
Speaker 2 (04:42):
Interestingly enough, Taft scholars say that the years that he
hated the most were his years as president, and that
was actually the only time when he ballooned up to
his top weight. When he was on the Supreme Court
and when he was before he was the president, he
did not have a weight problem.
Speaker 1 (05:00):
We've done shows on you can go into our show
and I think you can search. You can type in
Woodrow Wilson, you can type in the Federal Reserve, and
we've nibbled on the edges. We're going to wander into this,
and we kind of promoted this show at the end
of our last show. We really want to get the
American people, and we're trying to be the voice of
(05:20):
the American people to understand why we're here where we are,
and to think about things a little differently, and we're
going to channel Dutch. Ronald Reagan and I spent in
preparation for this show, spent a significant amount of time
reading and listening to Reagan's speeches. He gave thirty four
(05:43):
to thirty five speeches as president. I listened to his
inaugural address in eighty one, his farewell address in eighty nine.
I listened to his debates with Walter Mondale in eighty four.
Speaker 2 (05:55):
The Carter debates weren't bad either.
Speaker 1 (05:57):
I listened to his sixty four speech on behalf of
Goldwater Well.
Speaker 2 (06:02):
And one thing most people don't realize there's a recording
of radio three minute radio broadcast that he did between
nineteen seventy six, I think and nineteen eighty.
Speaker 1 (06:18):
Yeah, and you owe me these recordings. Say you're gonna
put this on a thumb drive and get.
Speaker 2 (06:21):
Them to me, right, And he wrote all those no
speech writers during that time.
Speaker 1 (06:26):
All right, And just as a footnote here on the show,
we've lost my wife, So somewhere along the way on
the show, we lost her. She's just like, look, it's history.
I don't care. I don't understand what you guys were
talking about. Can you make it a little more USA
Today version. I'm like, you know, I know we may
lose some listeners, but there are people that love this
(06:48):
stuff and it's just for them. And she said, you know,
you guys need to promote the show and do more
marketing and advertising. We don't want to, we want you know,
we're not here to do it. We just want to
be a signal for the folks that are interested that
get it. Yeah, we're not. Look, we have no illusions
(07:09):
that we're going to be able to turn this this
tanker around in the harbor. This tanker is headed straight out.
Doesn't matter how you vote, what I think, what the
general says, this tanker is moving on without us. So,
but the issues confronting us the American people, both left
(07:30):
and right, I would say, since Woodrow Wilson took office
in nineteen twelve, and his whole idea and this was
the age of new schools of thought, new schools of
economic thought, this is before political science. But he got
a PhD. I think in history from JOHNS. Hopkins, he
(07:54):
was a president of became Princeton, but it was the
College of New Jersey, and he really didn't have aspirations
to become president. He became a useful smarty pants for
the men, the robber barons, the Titans that wanted their
(08:16):
monopoly on banking and a monopoly on printing money. That's
what today's about. And we've nibbled around the edges on this.
We've done shows talking about the Rothschilds and banking and
the whole first hundred and twenty five years of American history.
(08:41):
There were big battles at the federal level about a
central bank and about an income tax, and the constitution
specifically forbatis a direct tax on the people right, and
the constitutionally the constitutionally specifically for it's Congress from doing
what with currency? Sorry, doing what with currency?
Speaker 2 (09:05):
Well, the Congress is the only one who's given power
to coin, to set up the coin, the currency, to
mint the currency.
Speaker 1 (09:13):
But the banking itself became private, and we gave them
a monopoly to Federal Reserve, which is just a bank,
a private bank.
Speaker 2 (09:25):
It's not a banking No.
Speaker 1 (09:26):
It's a. It was set up as a bank of
last resort because you had you had a lot of
crashes and run on banks which were caused by these
same men. You know, there are ways to control the
economy when you control the gold.
Speaker 2 (09:44):
Well, how about the market will sort these things out.
Speaker 1 (09:46):
Right, right, that's the whole point. So this show, after
the break, we're going to pick up on the the
this this we've gone. We've seen the march through the
institutions that's behind us. Now you now see Orwell's nineteen
eighty four on full display. We talked about that a
little bit on the last show, and now we're going
(10:11):
to prove to you you really are in an American feudal
system general. When do you think in American history the
American people started to think we were told that big
government knows best. When do you think this kicked off?
Speaker 2 (10:34):
Well, I think it was a growing seed ever since
people back after the Articles of Confederation were done away
with and they included in the Constitution of the Necessary
and Proper powers. That was a seed that was planted there.
And then of course it was the interstate Commerce clause
(10:56):
that of course grew everything beyond recognition.
Speaker 1 (10:59):
Started with courts.
Speaker 2 (11:00):
Yes, and it did. And that you know the courts
are you know, at least on the federal level, they're
all appointed, they're not elected. They've got no terms. They
don't need to stand for anything, which is an advantage
in some things with a disadvantage in others.
Speaker 1 (11:13):
I would I would peg either Woodrow Wilson's two terms
because it was the first time a president had gone
to Congress and asked for a declaration of war, and
we trusted the man. There are a lot of reasons
(11:36):
not to get into the Great War. Of course, they
didn't call.
Speaker 2 (11:38):
It World War One, they didn't reason number it yet.
Speaker 1 (11:41):
So it has a lot of reason to get into that.
It was still a feudal system in Europe that never
really went away. You had some the feudal system that
started to get replaced a little bit by mercantilism and
capitalism in the seventeen hundreds and eighteen hundreds, but really
(12:03):
a true feudal system was gelling with the robber barons
here in the US and of course their compatriots in England.
And I don't want to sound Marxist. I'm not trying
to sound like Karl Marx, but there was they jumped
to tracks from the private big business to public big government.
Speaker 2 (12:24):
And that's the difference, isn't it. When you've gotten no
matter how powerful, no matter how rich Bill Gates or
Elon Musk gets, they can't force you to use their products.
But once they get enmeshed in the government, they can correct.
Speaker 1 (12:38):
So you have the Great Depression. We'll do a show
on the Great Depression. You have the Roaring twenties and
the Great Depression, and things were so bad the American
people were we didn't.
Speaker 2 (12:50):
Have a choice.
Speaker 1 (12:51):
It was FDR and his public works projects, and with
the printing of more money and the you know, we
had a recession in thirty seven kind of slipped back
into it and then World War Two.
Speaker 2 (13:08):
Well, Milton Friedman and Thomas Soul would argue that we
did have a choice in nineteen twenty nine, and that
the choice was taken badly.
Speaker 1 (13:20):
We have been told since FDR's time, which we thought
should have been situational, temporary. Coming out of World War Two,
you have the birth of the Pentagon, you have the
growth of the military industrial complex. We had to spend
(13:43):
we had to put a lot of money into Europe,
We had to rebuild it. We need allies a lot
of money. So the government spent sound like Trump. A
lot of money goes to Europe, and a lot of
people made a lot of money following on World War
Two and rebuilding Europe and the Middle East, Africa. And
(14:03):
then by the time Ike's done in sixty one, he
warns us this is no Hina. You have the growth
of a military industrial complex. JFK sneaks. He gets in in.
Speaker 2 (14:19):
Sixty realized Ike knew what he was talking about.
Speaker 1 (14:23):
And then someone wipes JFK off the face of the earth.
We can do a show on that.
Speaker 2 (14:31):
They weren't aiming for his ear.
Speaker 1 (14:33):
We have Lbj's Great Society. I believe this was the
first big footprint of big government that wrecked the American family.
Speaker 2 (14:46):
You have the.
Speaker 1 (14:48):
Man at home rule for welfare. If there's a man
at home, you don't get a check.
Speaker 2 (14:54):
That's right.
Speaker 1 (14:56):
If there's a man at home, you don't get a check.
There were welfare agents that would go and do random
investigations to see if there was any evidence of a
man living in the home. It didn't take long for
people to realize that you could make the same or
more getting your government checked. And then you realize that
(15:21):
each kid comes with eighteen years of monthly checks a bonus.
You've got to read and you really have to read
the contraran view to Lbj's Great Society to understand the
prophetic senators that were opposing this that said, you're ruining
(15:42):
the American family, and the American family is the backbone
of America, and that's across races. You've got to have
moms and dads at home. You look at the unwed
the percentage of unwed Americans after sixty four versus before
it's inescapable. You have the cultural revolt against the military
(16:10):
industrial complexes war on communism. We were opposing centralized state
planning that what's communism is while we're doing the same
damn thing.
Speaker 2 (16:21):
Here, there's money in that.
Speaker 1 (16:24):
The military industrial complex is endless, not wars conflicts. At
this point in time, they're not sending the president to
Congress for authority to go to war. That's done. We
haven't had that.
Speaker 2 (16:37):
They even passed the War Powers Act. About that.
Speaker 1 (16:40):
You have Republican big business that got together and we've
mentioned the pal Memo in the early seventies seventy three.
I think that gave big business the playbook on how
to push back against this cultural phenomenon known as this
new Left, This are left and big business came out
(17:05):
with K Street lobbyists buying politicians. The Republican sorry, the
Republican Party started this NS well, they do it too,
And now we have the fusion of all three. The
great society, welfare state, the military industrial complex, and the
big business is fusing with the new kid on the block,
(17:29):
big tech. Once hailed as the land of opportunity, the
United States is devolved into a modern form of feudalism.
And medieval times feudal lords rolled over their lands and
they took the fruits of the peasants labor. How we doing, well,
(17:49):
it's we're right.
Speaker 2 (17:51):
It's ironic. Interestingly that you say feudalism, and we need
to specify that that's f e U D E A
L I S M and not just f U T
I L.
Speaker 1 (18:04):
Yeah, good point, feudalism.
Speaker 2 (18:06):
It's ironic.
Speaker 1 (18:07):
So today's the American feudal system. The lords don't reside
in castles and valleys or on hilltops or mountains.
Speaker 2 (18:17):
Some of their places they.
Speaker 1 (18:18):
Sit, oh they have them, but they sit on each
other's corporate boards. It's an interconnected network.
Speaker 2 (18:25):
Yes, that's their court.
Speaker 1 (18:26):
They have their the they have their university system that
is set up to build new walks, mathematicians in doctrinates
and UH to build out new ways to monetize Fiat currency.
Their Ivy League educated business school associates that work eighty
(18:49):
hours a week prepping pitch decks flying in and out
of Teeterborough, White Plains, Opa, Loaca, Scottsdale, Santa Anna, Naples,
Palm Beach. The new feudal lords are flying private with
public dollars. They're flying private with your retirement investments. They're
(19:16):
flying private with your inflated dollars. They're flying private with
the ability to monetize debt.
Speaker 2 (19:27):
So is it really private?
Speaker 1 (19:29):
This new wealth? This new wealth? We have the modern
economic theory of Canes. This is Keynesian economics. Fiat currency,
fractional reserve banking, the discount window, coupled with compbuts derivatives.
(19:51):
There is an entirely new super economy or super economy
that is controlling America and keeping it out of reach
of ninety percent of the American people. All Right, I'm
turny Brad Kaffel. That is the general we are powered
by Chess Round Automotive Group. If you like what we hear,
(20:15):
we do not solicit any any donations, nothing. We simply
ask that you do business with our single sponsor, Chosrend
Automotive Group, Southern Delaware County, which was read for a
long time turning purple. I can't say enough about the
Gill family. They ask nothing of us other than keep
(20:37):
doing the show, research right, get it out there.
Speaker 2 (20:40):
They feel the show is good for them. It's good
for business, and you need to take your custom You
need to take your needs for transportation to people you trust.
Speaker 1 (20:50):
Yeah, I want to. I also want to echo my
Navy Sealed buddy. I'm going to keep saying this. Seals
say get hard, stay hard. And then I add to that,
get small, stay small. And that's the mantra for today.
You're gonna have to put the crack pipe of credit down.
(21:15):
You're gonna have to get small, and you're gonna have
to get your assets, your money. You're gonna have to
get it put away somewhere because this is unsustainable. This
is the There's a couple of issues. Number one is
you have a grotesque expansion of the wealth gap that
(21:35):
mirrors the gap of medieval nobility and their serfs. And
the last segment I talked about this new world of
high finance. In the eighties, you went to school for ECON.
In the nineties it was ECON, and you know, in
eighties it was computer science and ECON. Nineties you start
(21:57):
to get in Econ's going out and and you're moving
into some more specific business school stuff and now it's, uh,
it's all high finance. If your son or grandson, your
daughter or granddaughter is not in the high finance world,
if they're not in the banking world or in the
tech world or the AI world, then they're there. I
(22:18):
don't know what they're gonna do. I'm hoping they get small,
stay small, and they don't chase that laser pointer of
wealth because it's phony, it's artificial. It's a sugar high
and it it corrupts and it will ruin your kid,
(22:44):
their family. Uh, it'll it'll play tremendous uh mind games
with them because it you can never have enough. And
are the greatest generation knew this? You know, the people
that knew how to frugal, grew up with nothing. The
men who don't want war are the men that fought
(23:07):
in war. We now have neither leading us. We don't
have leaders right now that went through the depression, and
we don't have leaders right now that have been in war.
I'm not saying what we've been doing in the Middle
(23:27):
East is rather asymmetrical. I'm not talking what I'm talking about.
Guys have been in the trenches.
Speaker 2 (23:35):
We don't have that.
Speaker 1 (23:36):
We have special operators that have, and I respect the
hell out of those guys. But Americans are still disillusioned
by the rhetoric of the American dream, meritocracy and economic mobility.
Now you're going to hear the Orwellians out of the
Imperial City, out of Wall Street, and specifically Kamala Harris
(24:02):
talk about an economic equal economic opportunity. You're going to
hear this catchphrase. It's already out there. Equal economic opportunity
is just another or welly and buzzword like memory hole.
It means nothing. In fact, it means the opposite of
what it says. Your kids. My kids are going to
(24:27):
graduate with maybe student loans if they're if they are
fortunate enough to parents that pay for their college, your
grandparents that put the bill, they don't have to worry
about student loans, but they're gonna deal with credit card
debt immediately. Immediately you're twenty two to twenty three, you
(24:48):
get a credit card, you start building your credit instantly.
You're dealing with credit card debt. And the kids don't
know how it works.
Speaker 2 (24:57):
I remember, even back in the eighties, you'd be walking
down on high Street and there'd be people walking up
to you with a credit card application.
Speaker 1 (25:03):
You can't, you just and I couldn't understand why you'd
want to give credit to some with no money. It's
because it's not about getting paid back. It's about them
paying interest. They don't want the principle back. Why because
they didn't lend you the money to begin with. What, No,
they made it. It's Chuckbrook. They just put the digits
(25:24):
in your bank account. They don't have the money. They
just put the digits in your bank account. It's fake.
What they want is your interest. Then your kid gets
into their mid to late twenties and they have and
they're not in high finance and they're not in big tech.
Now they got to find affordable.
Speaker 2 (25:43):
Housing, which isn't easy when you're bringing in a lot
of people from other countries.
Speaker 1 (25:48):
And this isn't just this is no longer the story
of the undereducated, the economically poor, or the politically disenfranchised.
For those Americans that are born after nine eleven, they're
going to be locked in perpetual financial servitude. Those of
us born in the fifties, sixties, and seventies had a
completely different economy to pick jobs and careers froms from.
(26:11):
This new feudal contract is different. Wages of stagnated real
inflation is high, not J. Powell's political inflation. The American worker,
both blue and white collar, is getting reduced to a
precarious existence, surviving paycheck to paycheck with no real hope
(26:32):
of accumulating wealth or financial independence. And if you're lucky
enough to have some money left over, you're told to
give a percentage to this helper, this four oh one
K helper, this financial advisor helper who sets up your
four oh one K or your pension. That helper takes
(26:53):
the cut and sends your money along to another helper,
maybe a fund manager, who takes the cut and sends
your money to another helper, maybe where the stocks are
actually the seat on the exchange where the stocks are
actually traded, and they take a cut and then your
assets grow. And now this new American economy that's being
(27:15):
suggested by the establishment and Kamala is to tax those
gains that you haven't even banked yet.
Speaker 2 (27:24):
Right.
Speaker 1 (27:24):
They want to tax your unrecognized or unrealized gains.
Speaker 2 (27:28):
Now, then the question is is that a direct tax
since it hasn't happened yet.
Speaker 1 (27:33):
The American dream of buying your own home. Home ownership,
a cornerstone of the American dream, is now out of
reach for many. I bought my first home, a condo
when I was twenty five twenty six, right out of
law school. I was able to I was able to
do it. I wasn't making a lot of money. I
don't know what my kids are going to do. They're
(27:53):
they're they're in college and graduating. Millions of us cannot
afford to buy a home, so they rent massive private
equity backed landlords who drive up prices exploit their tenants
because they're gobbling up all the supply. All this spins
up into political power. Now are elected representatives a message
(28:18):
for you. You should be beholden to the will of the people.
You are in your job by our consent. Instead, you're
serving your wealthy patrons. You go on debates, you go
on the campaign trail, and you keep talking about your
humble beginnings proudly. You talk about Kamala talks about her
(28:41):
middle class background, whatever. But you jettison it as soon
as you have the ring on your finger, or you're
trying to get your ring on the finger. And then
once you get into the imperial city, then you find
real money. Seven figure campaign contributions, lobbying. There's six lobbyists
(29:05):
for every representative, jobs for your relatives, super packs. This group,
this political financial elite, has bought the American political system.
Your voice is drowned out by the deafening roar of
corporate dollars unless you listen to our show or some
other shows. We have moved away from the land of
(29:29):
economic opportunities to the land of survival and subjugation. The
feudal system that was in Europe for a thousand years
or more and never left. It just changed shapes. It
wrapped itself in the illusion of freedom, freedom of speech,
freedom to vote, freedom to pursue happiness illusions. When a
(29:54):
handful of mega corporations control mainstream media, your freedom to
vote is meaningless. When major corporate donors trouts on you
and your volk get deluded by the importation of millions
of the global poor who are taking jobs, driving down wages,
getting driver's licenses, running over people, and ultimately they will
(30:16):
get their right to vote. All right, we are talking
about we are living in an American proto beutle system.
If you don't think you are, you are, or you
are already in the high finance, investment banking world, the
(30:37):
private equity world, and good for you because you made
the right decisions somewhere along the way. And we're not
trying to talk like Marxist. We're not asking for a
revolution and a redistribution of wealth. We're just asking that
our government live like we do, which is, you don't
spend more than you make. And if you want to
(30:59):
go to war, get to Congress, pitch it. And and
our congressmen and women need to listen to the American people,
because the American people are overwhelmingly going to tell you, no,
we are not ever going to agree to a draft again. No,
we are not sending our boys and girls to the
Middle East, or to Ukraine, or to Africa. And that's
(31:24):
a non starter. That'll be the be that'll be the
equivalent of the shot heard around the world when the
Brits came for our our guns and AMMO in seventeen
seventy five. S done, you come for our kids. Done.
You can take our money, you can lie to us,
(31:48):
you can inflate the dollar because you're afraid to raise taxes,
but you're not taking our kids hard. Stop. You asked
for a vote. But who do you really represent now?
I just looked at the Congressional Budget Offices website. General
you probably have that saved as your homescreen.
Speaker 2 (32:08):
I do, actually, yes, it's always near to my finger.
Speaker 1 (32:11):
The US federal government's budget deficit for twenty twenty four
is one point nine trillion. I think that's low, but
that's what CBO is saying, one point nine trillion. How
much is that one point nine trillion? I don't have
a calculator big enough. I had to do chat GPT
on this one. One point nine trillion divided by three
(32:34):
hundred and sixty five days is five point two billion
dollars per day is added to our debt. This means
that if this was the federal government's credit card, which
it is every day, five point two billion dollars gets
(32:55):
added to our credit card.
Speaker 2 (32:57):
And that does not include Social Security, the obligations.
Speaker 1 (33:01):
Our government continues to spend five point two billion dollars
a day, more than our government takes in. We've balanced
our budget only four times in the last twenty six years,
and not once in twenty three years. We've raised our
debt limit thirty four times since George Bush the first.
(33:23):
When Reagan took over in eighty our nation's debt as
a percentage of our income was thirty four percent. When
Bush one took over in ninety, our debt was fifty
two percent of our income. When Bush two took over
in two thousand, it was fifty five percent.
Speaker 2 (33:44):
There seems to be a pattern emerging.
Speaker 1 (33:49):
Right now We're at one hundred and twenty four percent.
We have much more debt than income. We are out
spending what we make. It gets worse, guys. The interest
payment we pay on this debt is now larger than
our defense budget. The interest payment. You get nothing out
(34:11):
of an interest payment, No mouths fed, no care for
the elderly, not even a buck for a battleship. Not
a penny goes back into the community for the people.
It goes to the banks and foreign investors, and we're
losing them. More and more foreign investors are going, ah,
(34:36):
we're not going to do We're we're not buying government
bonds anymore. So who's gobbling up all our government bonds?
The Federal Reserve. What we really don't know, everybody, is
how much money is going out the door to NGOs
who are facilitating this invasion of main Street USA. And
(34:57):
we don't know how much money is going out to
foreign country trees whose interests are not aligned with Main
Street USA. Example, we know now that we gave money
to the Taliban, We know now that we gave money
to revolutionaries in Nicaragua. We are giving money to drug lords,
(35:19):
war lords. We're giving money all over the place. It's
your money in pallets, pallets on C one thirties of
cash as the speaking of which, as the most recent
data available in twenty twenty four, the United States holds
six hundred and seventy eight billion dollars in gold. At
(35:41):
least there's something tangible there with real value, unlike this
silken linen piece of pillow case that says Federal Reserve
note six hundred and seventy eight billion dollars in gold,
apparently stuffed in vaults around the United States, making it
(36:01):
the large gold largest gold reserve in the world general.
How much of that six hundred and seventy eight billion
dollars in gold does the United States government actually own?
Speaker 2 (36:13):
That would be zero.
Speaker 1 (36:14):
We don't own an ounce. How can that be it's
in our vaults? No foreign dollar claims are seven point
five trillion. They are lending this money knowing that we
have some gold but not nearly enough, and hoping that
(36:36):
our American economy keeps going. But the feign dollars are
dripping off. Look at it another way. Tell me you're
not living. We're not moving into a proto feudalistic America.
How many hours is do the math? Back to chat
ept because I'm not that smart. How many hours did
(36:57):
a salesman, a teacher, a firefighter, a tradesmen need to
work to afford a middle class home in nineteen fifty?
So in nineteen fifty, the median price of a middle
class home in the United States was approximately seven four
hundred dollars. The average hourly wage for non farm workers
(37:18):
was a dollars sixty an hour. Again nineteen fifty calculation
cost of home divide by hourly rage four thousand, six
hundred and twenty five hours. If you break it from
dollars into hours of labor, six hundred and twenty five
hours to afford that middle class American home today? How
(37:40):
many hours does an American need to work to afford
a middle class home? The statistics I found the median
price of a middle class home in the United States
is four hundred and sixteen thousand. It seems a little high,
but let's go with it. The average hourly rent wage
for non farm workers is twenty eight dollars and fifty cents. Calculation,
(38:04):
how many hours do you now need to work a
middle class economically middle class to afford a middle class home?
Fourteen thousand, six hundred hours. In nineteen fifty it was
four thousand, six hundred.
Speaker 2 (38:19):
Just an extra ten thousand hours. That's all.
Speaker 1 (38:22):
So where are we in twenty four? Are you still
a believer that the intellectual elite in the Imperial City
and Wall Street can plan and the universities can plan
your lives better for you than we can plan them
for ourselves. And as Ronald Reagan liked to say, you
and I are told increasingly we have to choose between
(38:43):
the left or right. There is no such thing as
left or right. There's only an up and down. And
here's what Dutch said. Up the ultimate and individual freedom
consistent with law and order are down to the ant
heap of totalitarianism. As we come under more and more
control of our government, I e. Are creditors. So in
(39:06):
this vote harvesting time, you'll hear Kamala and Jazz hand
Waltz say the words that are written for them by
the internationalist, by the globalist, by the status talk about
equal opportunity economy. Let me tell you what equal opportunity
economy means. It means we must accept more government spending,
(39:28):
not less, More government taxation and confiscation of our earnings
and savings not less. It means more government intrusion into
the private marketplace, not less. And it is now looking
more and more like sending our boys and girls off
to die for another country's independence. Absurd, absurd. Thanks for
listening for the defense share the show. I'm Brad Koppel.
(39:51):
That's the general support Chasren Automotive Group.
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