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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.

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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.

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The massive bloat in government spending allows politicians to hide their pet projects. For example, Stacey Abrams' climate group, with a revenue of only $100, is slated to receive $2 billion. There's outrage over Elon Musk's team accessing IRS data, yet the Biden administration allowed 53 unpaid researchers and students full access to the American people's data at the IRS. They're okay with waste, fraud, and abuse as long as their special interest groups are funded and their ideology is promoted, regardless of the will of the American people. Our country can't survive this. We are thankful that Donald Trump and his team are saying enough is enough and will begin the process of restoring a constitutional republic.

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Congress is rushing to pass a $1.7 trillion spending package without balancing the budget. Examples of wasteful spending include $2.3 million on injecting beagles with cocaine, $700,000 studying how male parrots attract mates, $187,000 on studying if dogs help kids cope, and $118,000 on studying if a robot of Marvel's Thanos can snap its fingers.

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Our government funnels tax dollars overseas to countries and weapons manufacturers like Lockheed Martin, who then lobby back with gifts for elected officials. Last year, the US spent $47.7 billion on Lockheed, 93% of their revenue. Nearly 80% of this money was borrowed. In total, $861 billion was spent on defense, with 80% going to other countries, surpassing spending on all other US programs combined. This is all publicly disclosed, showing where our money goes.

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The Federal deficit is much larger than reported due to the way Biden's team hid student loan cancellations. The deficit for the previous fiscal year was $1.7 trillion, a 20% increase from the previous year. However, the actual increase was $600 billion, making the deficit $2 trillion. This puts the US on track to be $45 trillion in debt by 2033 and $144 trillion by 2053. Debt service, recessions, and wars further contribute to the deficit. Debt service costs are rising, recessions increase spending and decrease tax revenue, and wars add to the financial burden. With additional plans for global warming funds, corporate welfare, and welcoming illegal immigrants, the Treasury will continue to be looted until there are consequences.

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The US financial situation has some symptoms that are difficult to diagnose. Many believe the problem is high taxes, and while US taxes are indeed very high, that's not the core issue. The real problem is that even with high taxes, they aren't truly funding the government. Instead, the government is financed by treasury bonds, largely bought by the Federal Reserve. The Fed buys these by printing money, backed by the treasury bonds themselves. Essentially, the government is financed by printing money out of thin air. One might ask, if the government can print unlimited money, why collect taxes at all? The shocking answer is that high taxes exist to maintain the illusion that you are funding the government, which you are actually not.

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The creation of new dollars has led to a higher cost for gold and a depletion of our gold reserves. Congress allows this because they prioritize spending, often resulting in Americans working over half the year just to support government expenses. With limited options to raise taxes, Congress resorts to borrowing and creating money out of thin air. This process involves issuing treasury bills to the Federal Reserve, which can generate billions instantly. Such actions debase the currency, affecting its value and altering interest rates, ultimately harming the economy and living standards. The responsibility lies not only with the Federal Reserve but also with Congress, which drives this monetary manipulation.

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At the same moment COVID emergency powers began to wane, leaders started pushing for conflict with Russia, assuming historic war powers and declaring economic war without public debate. The administration destroyed Russia's currency, removed it from the international banking system, and seized property of affiliated people without due process. Tech monopolies now exert unprecedented control over public opinion, defining who Americans must hate and stage-managing crises. While these monopolies try to hide some topics, inflation cannot be hidden. Inflation is so high that even affluent people are worried, and politicians deny that government spending has anything to do with it. Inflation is a function of money supply. After the 2008 financial crisis, the Federal Reserve dropped interest rates to near zero and began printing money, which destroyed the economy. The country became more lopsided economically, with fewer people owning more. The Fed is out of tricks and cannot painlessly massage its way out of high gas prices. The White House is pretending it's not happening or blaming Vladimir Putin.

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At the same moment COVID emergency powers waned, leaders began pushing for conflict with Russia, assuming historic war powers and declaring economic war without congressional authorization. The administration destroyed Russia's currency, removed it from the banking system, and seized property without due process, actions unprecedented in US history. Tech monopolies now exert unprecedented control over public opinion, defining who Americans must hate and manipulating crises. Inflation is so high that even affluent people are worried, and politicians are lying about its causes. Inflation is a function of money supply, which increased dramatically under the Biden administration, but the problem started after the 2008 financial crisis when the Federal Reserve dropped interest rates to near zero and began printing money. This created asset inflation and economic disparity, but nobody could stop it for fear of collapse. The Fed is out of tricks, and the White House is pretending it's not happening or blaming Vladimir Putin.

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Twitter, at least, was breaking even and passing audits. The federal government, however, is losing trillions annually and failing its audits. Senator Collins mentioned giving the Navy billions for submarines, only to find out the money disappeared without any new submarines. This level of waste is enabled because they're accustomed to operating this way without accountability. As Milton Friedman said, money is most poorly spent when you're spending someone else's money on people you don't know, which perfectly describes the federal government's situation.

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The Federal Reserve has significant power over the economy, but lacks scrutiny. During the pandemic, it printed money, bought government-backed securities, and provided large sums of money to favored industries, resulting in a $5 trillion increase in its balance sheet. A limited audit revealed that during the financial crisis, the Fed gave over $16 trillion to domestic and foreign banks. These actions, aimed at making the rich wealthier, have led to high inflation, which burdens American families. To address this, an amendment is proposed to require a full audit of the Fed within a year, promoting transparency and accountability to taxpayers. A yes vote is requested.

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Speaker 0 presents a sequence of large-scale financial figures: - From 1998 to 2015, undocumentable adjustments at DOD and HUD amount to 21 trillion. - Bailouts between 2008 and 2012 amount to 29 trillion. - Adding 21 trillion and 29 trillion yields 50 trillion. - Going direct injections after the going direct reset began in 2019 during the pandemic amount to another 5 trillion, bringing the total to 55 trillion, not counting quantitative easing. - He concludes, “we don't have a financial problem. We have a bank robbery.” - He notes that in the annual wrap-up, a new chart was created and released on social media showing the numbers.

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To address inflation, the first step is to stop overspending. High taxes, deficits, and interest rates are symptoms of this issue. Governments typically finance overspending by raising taxes, borrowing, or printing money. Printing money leads to inflation, diminishing purchasing power and benefiting the wealthy while harming the working class. In the past three years, the government has created approximately $700 billion, increasing the money supply significantly while the economy grew only 4%. This imbalance drives inflation. To combat this, we need a dollar-for-dollar law that mandates finding savings for every new dollar spent. This approach will help eliminate waste, control spending, and ultimately reduce inflation.

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America is going bankrupt quickly, but nobody seems to notice. The Defense Department budget is a trillion dollars a year. Interest payments on the national debt have exceeded the Defense Department budget and are over a trillion dollars a year and rising. The U.S. is adding a trillion dollars to the debt every three months, soon to be every two months, then every month. Eventually, the only thing the U.S. will be able to pay is interest. This situation is like a person with too much credit card debt and does not have a good ending. Spending must be reduced.

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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.

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The speaker states that supporting US consumers is the reason for their actions, which are part of the dollar being a reserve currency. Regarding the US fiscal situation, the speaker acknowledges that US federal debt is on an unsustainable path, but not at an unsustainable level currently, and the limit is unknown. They state that the US is running very large deficits at full employment, which needs to be addressed sooner rather than later. The largest and fastest-growing parts of federal spending are Medicare, Medicaid, Social Security, and interest payments, requiring bipartisan solutions. Domestic discretionary spending is a small and declining percentage of federal spending.

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At the same moment COVID emergency powers began to wane, leaders started pushing for conflict with Russia, assuming historic war powers and declaring economic war without public debate. The administration destroyed Russia's currency, removed it from the banking system, and seized property of affiliated people without due process. Tech monopolies now exert unprecedented control over public opinion, defining who Americans must hate and stage-managing crises. Inflation is so high that even affluent people are worried, and politicians deny that government spending is the cause. Inflation is a function of money supply, which increased dramatically under the Biden administration, but it started after the 2008 financial crisis when the Federal Reserve dropped interest rates to near zero and began printing money. This created asset inflation and economic disparity, but nobody could stop it for fear of collapse. The Fed is out of tricks, and the White House is pretending it's not happening or blaming Putin. The White House claims oil companies don't want to make money, which is why they're not drilling for oil.

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High taxes in the U.S. are often blamed for financial issues, but the real problem lies in how the government is funded. While taxes are high, they don't truly finance the government. Instead, the government relies on treasury bonds, primarily purchased by the Federal Reserve, which prints money to buy them. This creates an illusion of funding through taxes, but in reality, the government is financed by money printed out of thin air. If people understood this, confidence in the dollar could collapse, leading to severe consequences for Western civilization. Urgent policy changes are needed to prevent a financial crisis similar to past mistakes. There’s still time to act before the situation worsens.

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Jerome Powell, the Fed chair, criticized federal spending, stating that the current path is unsustainable. This is significant because Powell has been supportive of Congress's spending habits. The US is facing massive deficits and increasing debt, which is draining the economy and posing a threat to the financial system. The Fed's role is not to manage the economy but to print money and deliver it to Wall Street and Congress through cheap debt. Powell's criticism is noteworthy as it shows concern about excessive printing. However, Congress continues its spending spree without any checks or balances. The media fails to address this issue, leaving most Americans unaware of the impending crisis.

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The Federal Reserve's actions are worrisome. They've lost trillions by borrowing money at high rates (5.4% from banks, 5.3% from funds like Fidelity and Vanguard) to buy government bonds. This artificially inflates the government's perceived financial health, encouraging excessive borrowing when rates were low. This process diverts capital from the private sector, hindering business growth and job creation. Instead of the Fed holding massive balances, that money should be used by businesses for expansion and innovation. The Fed's actions are mirrored by other major central banks globally, exacerbating the problem. It's not money printing; it's expensive borrowing that harms the economy. Freeing up these funds would allow banks to lend to small businesses and stimulate economic growth.

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The American people are sick of the lies, cheating, and spending. We're seeing the climax of living beyond our means, fueled by the dollar's reserve currency status. The country is bankrupt, morally and financially, with moral bankruptcy leading to abuse of power. Some in Congress want to cut back spending, but there are loopholes. Congress is not doing its job by passing appropriation bills. Trump is asking Republicans to vote for a bill that largely maintains current spending levels, with an additional $8 billion for military spending. They are always trying to kick the can down the road, they are not cutting spending. The whole system is massive, abused, and immoral. It's going to take some time to fix this issue.

Tucker Carlson

Sen. Ron Johnson on Forbidden 9/11 Questions
Guests: Ron Johnson
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Tucker Carlson and Senator Ron Johnson discuss various controversial topics, starting with questions surrounding the collapse of Building 7 during the 9/11 attacks. Johnson cites 56 witnesses, including first responders, who reported hearing explosions before the buildings fell, emphasizing that no steel building had ever collapsed solely due to fire. The conversation shifts to the COVID-19 vaccine, where Johnson claims over 38,000 deaths are associated with it, with 24% occurring on the day of vaccination or shortly after. He expresses concern over the financial implications of current government spending, noting that the U.S. is burning through half a trillion dollars quarterly and that many lawmakers lack awareness of total federal spending, which he estimates at over $6 trillion annually. Johnson explains that Congress has shifted much spending to mandatory programs, which are not subject to annual appropriations, creating a structural deficit. He highlights the growing federal debt, projecting it could reach $59 trillion in the next decade if current trends continue. He argues that this unsustainable spending is eroding freedoms and causing inflation, which he describes as a "silent tax." They discuss the implications of a potential debt crisis, which could lead to societal turmoil and a loss of trust in government. Johnson expresses skepticism about the sustainability of current fiscal policies and the lack of serious attempts to reduce spending to pre-pandemic levels. He criticizes the political environment, where there is little accountability for excessive spending and a lack of public awareness about the implications of government debt. The discussion also touches on the healthcare system, with Johnson asserting that the U.S. is becoming less healthy and attributing this to a pharmaceutical-driven approach to medicine. He shares personal experiences with statins and acid reflux treatments, advocating for a focus on health rather than just medication. Johnson reflects on the lack of transparency regarding vaccine injuries and the government's response to them, noting that many vaccine-injured individuals feel ignored. He emphasizes the need for accountability and open discussions about vaccine safety, criticizing the media's portrayal of those raising concerns as conspiracy theorists. The conversation concludes with Johnson reiterating the importance of asking difficult questions about government actions and the need for a more informed public discourse on critical issues like 9/11, vaccine safety, and fiscal responsibility.

The Pomp Podcast

Pomp Podcast #294: Cullen Roche Explains The Ultimate Breakdown Of The Federal Reserve
Guests: Cullen Roche
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In this discussion, Anthony Pompliano and Cullen Roche delve into the Federal Reserve's role and its impact on the economy, particularly in light of the 2008 financial crisis and the current economic challenges due to the coronavirus pandemic. Cullen shares his background in finance, emphasizing his research on quantitative easing (QE) and its counterintuitive effects, such as potential deflation rather than inflation. They explore the mechanisms of QE, explaining how the Fed creates money by swapping Treasury bonds for reserves, which can lead to a reduction in private sector income. Cullen critiques mainstream narratives about the Fed's influence, suggesting that its actions are often overstated and that the Treasury's spending is more significant in driving inflation risks. The conversation shifts to the current economic climate, with Cullen highlighting the unprecedented government spending and the potential for inflation as a result of massive deficits. He argues that while the Fed's actions aim to stabilize the banking system, the Treasury's fiscal policies could have a more direct inflationary impact. They discuss the implications of government bailouts, particularly for industries like airlines, and the challenges of maintaining economic stability during prolonged shutdowns. Cullen emphasizes the importance of understanding the balance between government intervention and market forces, suggesting that while some support is necessary, excessive intervention can distort economic incentives. Finally, they touch on the future of assets like gold and Bitcoin, noting that their value may be influenced more by belief systems than by traditional economic metrics. Cullen concludes by reflecting on the complexities of monetary policy and the need for independent thinking in finance.

This Past Weekend

Thomas Massie | This Past Weekend w/ Theo Von #592
Guests: Thomas Massie
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Thomas Massie sits with Theo Von and talks about living off the grid in Kentucky, his camper home on the road, and the solar‑powered setup that keeps utilities at bay. He describes a Ford F‑250 with a truck camper, a solar array, a well, and a plan to run without public utilities for twenty years. He jokes about a robotic chicken tractor he calls the Klux capacitor, a Roomba‑like device that moves to give chickens fresh forage while fertilizing the yard; he explains it runs on super capacitors, not batteries. He insists he is off the grid at home as well, writing that he hasn’t bought public utilities in twenty years, with a Tesla, rainwater collection, and a garden full of cattle and chickens. He proclaims, “I’m the greenest member of Congress and no Democrat has come after me,” and notes his independence from DC. He recalls living in the camper in DC, with occasional welfare checks from the cops who didn’t know he was there, and says the worst day in Kentucky is better than his best day in DC. The conversation then turns to debt and money. Massie unveils a debt badge he built with an electrical display that connects to treasury.gov to calibrate daily, calling it “the most accurate debt representation that you can have.” He cites a rough figure of “36.2 trillion” and warns that even at five percent interest, interest costs would amount to about sixteen thousand dollars per American family. He argues that current deficit spending robs future generations and even robs us five years from now. He recalls the COVID relief packages and says the 2020 stimulus was followed by more large spending, with much of the money flowing to corporations and banks rather than households. Massie criticizes omnibus legislation, defining it as “a single document that is accepted in a single vote by a legislator, but packages together several measures into one.” He advocates breaking big bills into separate votes and cites his own work on hemp farming as an example of getting a policy into law through agreement with both parties, even if his name is not on the final bill. He describes the difficulties of crediting legislators for results when leadership and lobbyists conceal who gets credit, and explains the two cloak rooms and the back rooms that shape votes. On governance, Massie introduces HR 2356, the Dual Loyalty Disclosure Act, which would require candidates to disclose dual citizenship and the foreign country involved. He discusses lobbying, distinguishing access lobbying from confrontational lobbying such as APAC, the American Israel Public Affairs Committee, and argues for transparency about foreign influence. He explains foreign policy concerns around Ukraine and Iran, suggesting that defense spending is sustained by a defense‑industrial base and arguing that the United States often acts to keep the military economy healthy. He closes with encouragement to voters to engage locally, advocate for separate bills, and call representatives directly to discuss issues, emphasizing accountability, bipartisanship, and the stubborn realities of Washington power.
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