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The Department of Treasury is issuing record levels of debt, with $7 trillion issued in just 3 months and $23 trillion in a year. This has bloated the treasury market, raising concerns about a potential crash. The economy is propped up by debt, with federal debt rising by $1 trillion every 90 days. US treasuries are seen as cash but are actually promises to pay back in the future. The illusion that all debt will be repaid is crucial, as any doubts could lead to a financial system collapse. Fiscal trends are worsening, with a $2 trillion deficit that will increase during a recession. Collapse seems inevitable without intervention. Visit profsaintonj.com for more details.

The federal government is overspending, with deficits hitting record highs due to wars, welfare, and interest on debt. Tax revenue is not keeping up with spending, leading to a ballooning national debt. Interest payments on debt are consuming a large portion of tax revenue, making the situation unsustainable. The government shows no signs of cutting spending, leading to predictions of inflation, defaults, and debt crises in the future. This financial Ponzi scheme could end in disaster if not addressed soon.

The speaker discusses the possibility of the government collapsing before the election due to losing control. They mention credit issues, commercial real estate problems, and the Federal Reserve pausing interest rates as signs of an impending economic damage. They also highlight the negative money supply and the fraudulent jobs report, stating that the government is cooking the books. The next six months are seen as precarious for the establishment, who will try to pump up the economy.

The speaker discusses the possibility of the government collapsing before the election due to losing control. They mention issues in the credit markets, commercial real estate, and regional bank stocks. The Federal Reserve has paused interest rates, which historically leads to economic damage. They also mention that money supply m2 went negative for the first time since 1930 in November 2022, which could impact the economy in the next 6 months. The speaker criticizes the recent US jobs report, calling it fraudulent and accusing the government of cooking the books.

I believe that before the 2024 election, there will be a collapse in Washington due to our fragile economic and financial condition. It's possible that banks may close for a few weeks, causing disruption. Additionally, the high levels of violence and crime in our cities will start to affect people who thought they were immune to these issues. The situation in Ukraine will also contribute to the collapse, as people will realize that the information they were given was misleading. All of these factors will prevent us from maintaining the status quo and focusing on another election.

The Dow Jones is down 1010 points, fueling recession fears. Inflation is up 21%, real wages down 2%. Joblessness increased over half a percent since January, signaling a possible recession. Tech giants like Microsoft, Alphabet, Meta, Amazon, and Apple are all down. Criticism is directed at policies stoking inflation and benefiting corporations at the expense of workers. The current stock market turmoil reflects long-standing economic struggles. This is attributed to "Bidenomics," which is proudly supported. Translation: The stock market is plummeting, raising concerns about a recession. Inflation is high, wages are low, and joblessness is increasing. Tech companies are experiencing significant losses. Policies favoring corporations over workers are criticized. The economic challenges are linked to the current administration's economic approach, known as "Bidenomics."

We are proud of Project 2025's conservative recommendations, but employment numbers are concerning. Despite rising payrolls, actual employment has dropped by 600,000 since last year. Job gains are going to foreign workers, not native-born Americans. GDP growth is fueled by government debt, leading to high inflation, credit card interest rates, and mortgage rates. This debt-driven spending spree mirrors past economic downturns like the 1970s, resulting in recessions and skyrocketing mortgage rates.

Speaker 1 states that Trump's presidency saw no recession, rising real wages, a strong stock market, and record low unemployment before the pandemic. Speaker 1 believes Trump's prior term provides a clear blueprint of what to expect from a future presidency. They also assert that Kamala Harris's performance as Vice President offers insight into her potential future role. Speaker 0 claims there has been more manufacturing in the U.S. than at any time since World War II. Speaker 1 counters that real wages have decreased and crime has risen. Speaker 0 disputes the claim about real wages, stating they have increased. Speaker 1 clarifies that real weekly wages and average weekly wages are still down from when Biden took office. Speaker 0 attributes high unemployment to the pandemic.

We are at a decision-making point and very close to a recession, but something worse than a recession is possible if things aren't handled well. The monetary order is breaking down because we cannot spend the amounts of money we are spending. This issue is connected to the dollar and tariffs. Profound changes are occurring in our domestic order and the world order. These times are very much like the 1930s.

What kind of economy is being handed to Donald Trump? Recent data reveals significant job revisions, with estimates showing jobs actually fell in Q2, contradicting claims of job growth. Revisions have already erased over 1.5 million jobs, raising doubts about government statistics. Despite official GDP growth and low unemployment rates, many voters believe we are in a recession. Unemployment claims have reached a three-year high, and job openings are at their lowest since COVID. Americans are cutting back on spending, with many struggling to pay bills, and food banks report record demand. As Trump prepares to take office, the media will likely downplay these issues. A recent podcast discusses voter support for Trump's agenda and the economic situations in Europe and Argentina, as well as the impact of artificial intelligence on inflation.

Speaker 1 describes the current situation as people living it: they are being squeezed from every angle, and it won’t stop until people say enough. The stock market’s record highs are contrasted with the destruction of the middle class from within. Currency devaluation, artificially suppressed rates, and vast debt expansion are cited as mechanisms, with war described as a means to pull dollars into the now. The speaker argues we are in a multiple crisis environment and that liquidity is drying up; without a new mechanism to pull more borrowed dollars into the present, a Mad Max scenario or worse could ensue as the system inflates into oblivion. The speaker asserts that currency devaluation fosters the greatest wealth transfer the world has seen, asking who benefits from a weaker dollar and lower rates. They claim politicians or bankers promoting a weaker dollar or lower rates are speaking to the 12% who should benefit, not to the general public. The stock market is owned by the one- and two-percenters, and artificially suppressed rates push cash into risk assets, benefiting the elite while the average person is left behind. The Cantelon effect is mentioned as a mechanism to describe how new money is created and distributed: those closest to the money—the entrepreneur class and lead class—receive cash first before it devalues and trickles down to the regular person, who loses purchasing power in the process. Speaker 0 acknowledges this perspective. Speakers discuss why low rates appear attractive on paper but, in practice, when prosperity exists with high rates and a stronger currency, the dynamic changes. The FED and the Fed-treasury complex are described as being assembled to be lenders and buyers of last resort, keeping rates artificially suppressed so cash can flow into risk assets, thereby benefiting the top percentiles and leaving others to be wiped out eventually. The solution offered is straightforward: say enough and fix the system from the bottom up, not from the top down. The elite class does not have the public’s best interest in mind. Rebuilding must start with returning purchasing power to the currency and to the people, which would require much higher rates than currently exist. This would dramatically depress stock prices, interfering with the wealth transfer to the 1–2 percenters. The core message is that broad public action is needed to reverse these dynamics, as politicians and bankers advocate for weaker dollars or lower rates that primarily benefit a small elite while the general population suffers.

Recent data from the Social Security Administration reveals that half of American workers earned less than $41,000 last year, even lower than pre-pandemic levels. With the median wage at around $3,400 per month, expenses like rent, car payments, and basic necessities leave very little for other essentials. The decline in American productivity since 2000 is attributed to manipulated interest rates and increased government spending. This has led to economic booms followed by recessions, while bureaucrats use taxpayer money for regulatory mandates. Unfortunately, these policies are continuing, with projected interest rate cuts and soaring federal spending. If we don't change course, the situation will worsen, potentially leading to a decline in the economy.

The top 10% of Americans own 88% of equities, while the bottom 50% are in debt. In the summer of 2024, Americans took record numbers of European vacations, but also used food banks more than ever before. Food banks are seeing working families who can no longer afford groceries. The speaker believes the bottom 50% of Americans are not "losers," but the system has failed them. They want good jobs, homeownership, and to pay down debt. The speaker claims that continuing to issue debt would be like a bodybuilder taking steroids: the outside looks great, but it's damaging internally. The economy looked great before the 2008 financial crisis and the dot-com bubble burst. The speaker suggests that his administration will have avoided a financial calamity.

Donald Trump believes the American economy is reaching a point of decline, anticipating its fall in the coming months. This decline will lead to the end of dollar hegemony and U.S. hegemony, which the speaker supports.

The job market is showing signs of decline, with rising unemployment, falling wages, and longer job searches. Job openings have decreased by 800,000, missing expectations by over half a million. The government's numbers are not reflecting the true state of the economy, as many Americans have dropped out of the workforce due to early retirement or government benefits. The Federal Reserve's decision to raise rates could be a mistake, leading to a weaker economy and potential repercussions. It is important to monitor these developments closely.

High taxes in the US aren't the main issue; they don't fund the government. The government is financed by printing money through treasury bonds bought by the Fed. This creates an illusion that taxes support the government, but it's really money printing. If this truth is widely known, it could lead to a currency crisis. The next US president must make significant changes to prevent a collapse. Winning elections won't fix the problem; a complete overhaul of the government is necessary. It will be tough, but it's essential to secure the country's future.

The policies under Donald Trump led to low inflation, rising wages, and stability. However, under Joe Biden, there is rising inflation and economic stagnation. It's important to acknowledge Trump's success and consider bringing him back for another term to restore a growing economy and peace globally.

Voters trust Trump more on the economy due to rising costs and stagnant real income. Despite claims of a strong economy, GDP fell short of expectations. Concerns about increasing debt and potential tax hikes for those earning under $400,000 arise. President Biden's statements on tax cuts expiring could lead to tax increases for many Americans. The White House aims to protect those earning under $400,000, but the impact on middle-class families remains uncertain. Economists predict economic factors will influence the upcoming election. Translation: Voters trust Trump more on the economy due to rising costs and stagnant real income. Despite claims of a strong economy, GDP fell short of expectations. Concerns about increasing debt and potential tax hikes for those earning under $400,000 arise. President Biden's statements on tax cuts expiring could lead to tax increases for many Americans. The White House aims to protect those earning under $400,000, but the impact on middle-class families remains uncertain. Economists predict economic factors will influence the upcoming election.

Wages are up and inflation is down under President Biden, whose record is moving things in a positive direction. However, the high cost of living in the United States remains a challenge. Conversely, it is claimed that costs are not going down, but going up, and inflation is also rising. This is attributed to Trump's reckless mismanagement of the economy.

The economy under Joe Biden is seen as the worst ever by some. They believe Trump would be better for the middle class. Retirement is tough now with high gas and food prices, living paycheck to paycheck. Change is needed.

The speaker reflects on a recent conversation with Tucker and says there were things left unsaid that they would have liked to address more directly. They wish they had been more critical of current fiscal and monetary policy and had warned about a coming crisis more clearly. They feel the discussion didn’t go deep enough in this area, perhaps due to the direction of the conversation. They note that the interview spent a lot of time on gold, but not enough on why they believe gold will rise significantly in the future. There was also discussion of Bitcoin, but not as much focus as they would have preferred. The speaker spent a lot of time talking about the banking system and wanted to get out there the story of the bank, and to highlight corruption in the US government. However, they believe what is most relevant to the public is the corruption that will destroy their standard of living and the lies being told daily by the media, the government, the Trump administration, and the Federal Reserve. The speaker points to Donald Trump’s approval ratings on the economy as a notable indicator, describing them as at a record low. They argue this is significant because, despite the economy being touted as a strength, the public perceives otherwise. The speaker asserts that people know the economy is bad because of their own experiences, regardless of what is said on television. They reference the personal financial pressure that many face: a stack of bills they cannot pay, little to no savings, rising prices, and no relief in sight. In summary, the speaker expresses regret over not conveying a more critical view of economic policy and a stronger warning about an impending crisis, and laments that the conversation did not fully address why assets like gold should rise, or delve into Bitcoin as much as desired. They emphasize that the most consequential issues for the public are the alleged corruption affecting living standards and the harsh economic realities faced by ordinary people, which they believe contrast with the political and media narratives being presented. The overall message highlights a disconnect between what is publicly claimed about the economy and what people experience in their daily finances.

Investment is currently being directed towards the stock market as real estate and bonds are not viable options. Despite companies performing poorly, their stock prices remain high. If the stock market were to decline significantly, like by 1000 points in 2 days, it would indicate a full-scale depression. At that point, everyone, including politicians and the president, would acknowledge it. The only reason the word depression is not being used yet is because the stock market is still at a relatively high level of 3,000 points, which surprises people given the companies' lackluster performance. The syndication of real estate, however, has been a positive development.