The Prepper Broadcasting Network - DAC - Bankster Breaker's Economic Update 3/27/2024

Episode Date: March 27, 2024

Ben the Breaker of Banksters here with the Daily Audio Cash. How y'all doing? Well, it's March 27th, 2024 Patriot Power Hour. We'll have its season premiere next week. Got a couple things in store. Looking forward to it. So, with that said, I got a lot of economic news to get to. I'll definitely start with the bridge in Baltimore. So, with that said, I got a lot of economic news to get to.

I'll definitely start with the bridge in Baltimore. Ironically, just a week ago, I was talking about the burnout of American cities. And New York City and Baltimore were my two examples. The Baltimore example in particular about, hey, you can buy abandoned buildings in Baltimore for a dollar maybe you can rehab them and I was saying man in the old America that would probably work but nowadays it's no well just less than a week later this really put the dagger in the heart of Baltimore, who, as we reviewed last week, has lost 70-plus percent of its population

since its peak in the 60s and a very large portion just in the last five years due to the crime and COVID and just overall exodus. Well, if there's one thing Baltimore still had, it was the harbor. Both the inner harbor, a wealthy area that's been transformed into hotels, convention center, the ballpark, marinas, all that. And the shipping, of course. Well, you can still go putt around, I guess, in Baltimore Harbor until you get to where that bridge used to be.

So maybe the tourism will still be there. But certainly $15 million a day in economic activity is currently being halted. Now, people have talked about, is this terrorism? Is this an accident? I'm not going to say either way. But as someone who, and I've talked about it a lot, kind of a little bit about my personal life, I've worked with insurance.

Well, crazy accidents happen all the time very advanced and redundant systems that one in a million thing happens sometimes and it's not a terrorist now on the other hand we're essentially at world war three right now so head on a swivel that's what i'll say about that but the practical effects are the second largest port just behind norfolk i get i think in new york and new jersey any point is baltimore is a huge huge port in particular for heavy machinery and Coal in particular. So it's going to have an economic impact. It's not going to cause the next Great Depression just because Baltimore got shut down. Let me tell you that.

So that's being overhyped. And in fact, we're going to go look at the debt clock right now. $15 million a day in economic activity sounds like a lot. But compared to the amount of debt spending and fraud going on nationally, hell, in the state of Maryland probably, but definitely nationally, let alone worldwide, there's a very small drop in the bucket. It's severe. It's major economic hardship.

It's going to mess up supply lines. People are going gonna lose their jobs prices are gonna go up delays so nothing compared to covid shutdowns and nothing compared to a world war so it's a big deal but let's keep focused on some of the bigger items like again world war iii and uh by the way what's going on in ukraine is getting real scary real scary i'm gonna keep most of this dac to economics right now but the concert hall getting shot up in moscow m the U S and Ukraine pretty much helped this occur. Meanwhile, the other side, our side quote unquote is saying,

Nope, Russia, you did it to yourself to escalate the war. France is putting troops on the ground in Ukraine. News is coming out from Romania and other countries bordering Ukraine that American and NATO troops are staging up and already some in Ukraine. Definitely, it's already been known that many thousands of Westerners are in Ukraine fighting. You know, former, you know, not on behalf of the US government or other governments but maybe they did a couple tours and then

now they're a mercenary going over there for essentially so that was already known but now the official official support boots on the ground it's coming out hundreds of people getting shot up in a concert hall in Moscow like imagine if that happened

at the JFK Center in D.C. Yeah. So, that's rough. That's rough. So, did someone try to take out the Baltimore Port as a cyber attack to make this boat crash or did it just something crazy happen? I don't know. We'll see.

Practical effects. Big economic practical effects still nothing though compared to the economic brick wall we are heading towards with the debt spending so let's really quickly go look and put some of these numbers all right so let's say 15 million dollars a day let's say that port shut down for a year and first off they're just going to remove a lot of that bridge and be able to get ships in and out that bridge is super important part of transport but you know it'll cause delays economic hardships but you know again it's not like uh baltimore's wet wiped off the map with an atomic bomb or something okay so let's just say 15 million dollars a day how much is that per year that's a lot that is a lot we're looking at four or five billion dollars a year just back of the envelope in my head calculation let's just say a solid five billion dollars let's say it's let's just say for a full year worth of economic activity maybe they're able

to get ships in and out after a few months a couple months and then they're going to build that bridge it's going to take like a year or two so let's just say a full year worth of total freeze on economic activity let's just put it at a few billion three four five billion dollars that's like crazy amount of money it sounds like and it really is could bankrupt companies really hurt the bottom line on some of these companies that are super relying on this port but a few billion dollars is nothing nothing let's go took let's go take a look at not only the national debt, which is 34.6 trillion dollars, many factors larger than what we're talking about, but just look at total local debt, just local debt, not state, not national, not mortgage, not credit card. Local debt. 2.4 trillion.

So, just for local municipalities in America, this whole Baltimore thing, the entire situation, is not even a very small portion compared to local debt. Okay? So, and yeah. Here's the question. why does this all matter on prepper broadcasting network because you need to be prepping your ass off because when the dollar collapses and when economic system collapses it's going to make this baltimore thing look like

nothing it's going to make covet look like nothing. That was a huge shutdown that required trillions and trillions of bailouts and stimulus just to keep things barely floating for a couple years. So, if you're getting hyped about Baltimore, you need to be about 500,000 times more hyped about the entire

economic system on fire right now. The funny thing is, we're riding a rocket that's on fire and we know it's going to explode at some point but until then we may just keep going new all-time highs in the stock market and just more and more spending new defense bills new government bills all-time spending spend spend spend We got this real estate to the moon. Median new home price right now, $417,000. In the year 2000, median new home price was $163,000.

So $163,000 to $417,000. So 163 to 417,000. Much more than double. But what happens when all this interest explodes? That's the thing. I've also likened this, and I'll leave the Baltimore thing behind. I've got a few articles to hit, and we'll get out of here. It won't make this too long. It is Daily Auto Cash, not a full episode after all.

long it is daily auto cash not a full episode after all but i've hearkened debt and interest on the debt and all overall corruption and bankster fraud and the eventual collapse of this monetary system we're in i tried to equate that to war and say what would it be like if they sunk a aircraft carrier one of these new gerald r ford class carriers that are 13 billion almost said trillion holy cow they're not that much 13 billion dollars and then you add in the aircraft and the personnel and all that i mean let's call it like $20 billion. $20 billion per carrier. Well, the amount of debt spending we're getting, which is essentially borrowing from the future.

Let's look at this right here. The interest on the debt right now, annually, $792 billion. That's like 40 aircraft carriers per year. My math is right. $20 billion per aircraft carrier. About $800 billion in debt. So obviously, we don't even have that many aircraft carriers. That's like triple the number of aircraft carriers we even have.

But if we were in war right now, and we were losing 20, 30, 40 aircraft carriers per year, or let's just say 10 aircraft carriers and then tons of tanks and personnel, like pretty much World War II or more that's what the type of economic damage that would be done right now and again that makes the Baltimore port thing look very small so just remember

this all the news you're going to see all the hype Baltimore Baltimore Baltimore it's big it's big 5 billion dollars is a lot it is a lot. It is a military target for all intents and purposes. All the cargo that goes through there.

But keep it in mind. Interest on the debt every year. We're bleeding out $792 billion per year on interest. All right. That's not sustainable, obviously. something's going to have to break at some point what is that going to be well it doesn't seem like

the spending part is going to end anytime soon definitely in certain areas nationally they're just going to keep spending most states will keep spending. Most cities will keep spending. But some small areas, hopefully, kind of try to keep a balanced budget or keep respectable. But not New York.

I'm pretty sure we all know that. New York City officials on Monday started handing out prepaid debit cards to illegal immigrants as part of a $53 million pilot program. And then the question of this article is, does this incentivize more unlawful boarding crossings? Of course it does. So there's a hotel in New York city called the Roosevelt and it was built in the,

I think the 1920s and a company I worked for back in the day was a hotel manager for it or a management company for it 15 years ago maybe. And at a company party, I won a free night, two free nights. I think at the Roosevelt normally it was like $600 a night, but you know, it was like a raffle at the roosevelt normally it was like six hundred dollars a night but you know it was like a raffle at the holiday party and i won it and cool it was a really nice hotel super nice hotel that's where they a good portion of the hotel is being used to house

illegal immigrants recently it actually i didn't even it says it actually in this article I didn't even know that this article was going to do it but now that I'm reading further into it under the program the cards would first be delivered to the Roosevelt Hotel which is in Midtown Manhattan fancy schmancy the first touch point for illegal immigrants arriving from the city

now the thing is the Roosevelt Hotel is near Grand Central Terminal in Manhattan, so maybe that's why. Very big hotel. It was very expensive, but also I can see where maybe

they're getting paid so much money from the city they're like, we'll just take a guaranteed amount of money and open the hotel up to immigrants instead. So there you go. So we know the spending's not going to stop. What about taxes? Are they going to raise taxes on us?

They would like to try. They certainly have hired a lot of new IRS agents, haven't they? That won't be able to close the gap, though. There's no way of closing the gap. Massive spending. that won't be able to close the gap though there's no way of closing the gap massive spending if and when there is a major depression the tax revenue will plunge, the spending will go up and then you're really screwed

let's move on a little a couple more articles here I wanted to get to. I'm not going to go into a diatribe about gold versus Bitcoin tonight. I love both of those. But I love food, water, security,

skills, and health even more. But yes, preppers skills, and health. Even more. But yes, preppers. Diversify. Financially, with your preps, skills, and otherwise. So we'll get

click out of that one. I gotta go read that myself though. Couple more articles. Return of the knockout game. Women punched by strangers in New York City. I wanted to tie that to how I was talking about New York

just last week. That's how quickly things are deteriorating. Ah, there we go. Sorry sorry i was trying to pull up just want to get to the numbers of the day in the markets oil up big in the last uh couple days let's go take a let's go take a look at oil Quite volatile in the last few years for sure. Is good old black gold. It peaked back around March 2022 after the invasion of Ukraine. Came down from about 120 down to 65 last summer. Of course, that was Biden opening up the Strategic Petroleum Reserve.

Saved us some money in the short term, but we might wish we had that in the future. We'll see. We'll see. Point is, it was a nice low, not as low as it was a few years back, but $60, $70 barrel oil, not horrible. But today, up to $81.

Just in the last month, it's gone from $68 to $81. Gas Rymads, about $3.60, where it was previously about $2.89 a few months ago. Yeah, it's volatile. These things happen. But if we see a total breakout and we see especially geopolitical tension with Russia, with China, or another major port terrorist attack or otherwise gets shut down, whether that's the Suez, Panama or another east or west coast American port

or even attack on refineries down south point is seems like the economy is putting along with high inflation but getting by getting by, most people are getting by but it's very precarious it's all based on debt spending

that's can't go on forever and if we see a shock in oil making it go to 100 120 150 200 a barrel get ready get ready could get bad so with that i think i will make way for tripping commander i believe he's on tonight just wanted to get a daily audio cash in from the breaker of banksters talk a little economic numbers and uh and some news and perspective on on balt, which is a huge, huge story for a lot of reasons, but not as huge as I always say, not as huge as this debt spending that's going to blow up in our face. And what's going to happen when it blows up?

Either hyperinflation or just massive depression or a little bit of both for you. So keep prepping, ladies and gentlemen. While you have dollars and can earn dollars, get as many as you can and spend them on things you're going to want when stuff hits the fan. And we're going to get through this. I think we'll have a nice renaissance on the other end.

It just may take a few years. So hunker down. Catch you guys next week on the spring season premiere patriot power hour see you then