The Prepper Broadcasting Network - DAC - Rotting Cities & Economic Update w/ Ben The Breaker of Banksters

Episode Date: March 20, 2024

What's going on everybody? Ben the Breaker of Banksters here with Daily Audio Cash. March 20th, 2024. First and foremost, you can expect Patriot Power Hour back in its full delight. Including the news blitz and political geo event. And all types of nature Health news just runs the full gamut Tonight though I'm going to be focusing on

Finance and economics But next week Patriot Power Hour Will be right back Here on Pepper Broadcasting Network But hey didn't want to wait that long we got a lot of economic News so I'm just going to dive right into it First off This is a site you all need to go to But hey, didn't want to wait that long. We got a lot of economic news, so I'm just going to dive right into it.

First off, this is a site you all need to go to and you all need to bookmark. Ready for this? Some of you already have this, especially if you're a long-time listener of Patriot Power Hour, but here you go. usdebtclock.org usdebtclock.org All U.S. Debt Clock.org. All just one word, no hyphens or nothing. U.S. Debt Clock.org. And all types of stats. Go through just one or two of these, and you'll go crazy.

If you want to look at them all, I mean, I don't suggest doing that. Just take it one bite at a time. So we'll just review a few today. But there are at least 40 or 50 metrics here on this landing page. I'll pick the most basic one. U.S. national debt. It is at $34.5 trillion. That's up more than $500 billion just in the past few months.

Essentially, they're saying every 100 days, we add 1 trillion to our national debt. So at usdebtclock.org, you can actually see it tick up. I mean, literally, it's about $10,000 to $15,000 per second. So I'm talking right here, and it's gone from about $600,000 to $700,000. So yeah, about four seconds to go $100,000. It's kind of crazy. That has another metric, debt per citizen, $102,000 per citizen. Debt per taxpayer, $266,000 right now. Don't forget, the citizens include the children and elderly that don't have a job, let alone unemployed. So that's why per taxpayer, it's way higher than just per citizen. But even $102,000 per citizen is kind

of crazy. But per taxpayer, 266 grand. Yeah. Okay. So that's just one set of the numbers. I'm going to look at another one. I'm just going to kind of put my finger here. There we go. We have U.S. union workers.

You can see how many union workers there are and how many government employees there are. There's a lot. There's 23.7 million government employees. Now, of course, they're in their own union in a way. So you add that number plus the 15.6 million union workers. It has the actual real updated numbers. Every time see the median income, $39,000. So the median income right now is $39,430 in America. But the debt per taxpayer is $266,000. Like, come on. You're making $39,000, $40,000 a year, and you got debt of $266,000? And that doesn't include, like, your mortgage.

We're not talking about mortgage here. This is just, just like credit card. All right. We can also see the federal tax revenue. So they have the revenue. They have the debt. They have the spending in here. They have the price of gold, Bitcoin, silver.

I think they have maybe corn price or something. They don't have that much food prices, but they do have a health care cost. So health care costs now per citizen, $14,000. That's crazy, right? But things are expensive. Just think, one overnight hospital stay is like $100,000. Can be, for real. So healthcare costs now $14,000, almost $15,000 per citizen per year.

Just 24 years ago, that was about $5,000. So it's tripled in 24 years, as an example. So anyway, I won't go through all these, but we have trade deficit with China, all types of stuff, usdebtclock.org. Go check that out. I wanted to shout that out since we haven't done the future danger news blitz for a while and you need a dashboard. There you go.

But we will be back with the future danger dashboard next week. I do have a few other articles to go through. This won't be a full hour long by any means, but it will be maybe a little longer than your average DAC. We'll see. Let's go here. I got all my articles laid out. It's been a few weeks since I've done live air, so get the jitters back.

That's the best part about going live. That's what bums me out potentially about Spreaker killing their live show. It's just not as fun when you're pre-recording it and then uploading it. Because you can't mess up when you're live. Back on wood. All right, here we go. Here's an article that's going to set the stage for the next few articles, let's say. And it comes to the title of this DAC, or part of the title.

The Decay and Destruction of American Cities. So New York City, New York, New York, the Big Apple. Only 30% of New Yorkers are happy with the city's quality of life. 50% plan on leaving within five years. Half. Now, New York's had a lot of boom and bust cycles in a way, and I know in the early, mid-70s it was a hellhole. And some people would say it always has and always will be.

But the first time I went to new york was probably like 2010 so several years after 9-11 and you know before a lot of the degradation and crime we've seen spikes in the last few years and before the freaking pandemic which definitely shifted things anyway it was relatively nice city it's crazy big city but a lot of cool stuff to see whatever I could never live there even at it's peak and nicest let alone as it's decaying and apparently only 30% are happy there

and those are probably the billionaires that probably don't even live there very often um New Yorkers are fiercely loyal so in a way only 30% are happy, and only half want to stay more than five years. Yeah, a lot of people, it's kind of a transient city for sure,

but on the other hand, a lot of people stayed there for multi-generations. And this isn't just like Manhattan or lower downtown, the super-rich areas necessarily,es like Bronx and all that. So, anyway. We've been seeing a lot of crime in New York. A lot of craziness. A lot of corruption at the government and

all the different services and courts and police, etc. So, let's go explore this a little more. We'll look at this article itself, but also a couple other articles that might explain why New Yorkers and a lot of city folk in general are looking to get out of Dodge and why that's another reason to be a prepper and get moving because there's a lot of rich city folk that want to get out

and get their own land. So rural prices may not be as low as you hope they would be long story short um ever since covid and even a little before but definitely since covid huge exodus from cities of the affluent people out of the cities now who's what's happening are the cities becoming abandoned well in certain areas yeah they're also being replaced with who all the illegally immigrants coming over i mean even the biden administration admits like several hundred thousand have come over in the past 12 months and like multiple millions they admit like multiple multiple millions since Biden became president.

So you know that's like three times more than they say. So they're saying like two or three million. It's probably nine million. But let's just go with their word. It's just a couple million. Well, a lot of them are coming into these cities and other city areas. And we'll go into the whole diatribe about this, but you've seen the articles where

those cities you know the usually democrat well pretty much always democrat mayor or other you know city council whatever's saying we can't take anymore we can't take anymore they've taken like 500 right point is if you're looking for a globalist conspiracy, it's force the affluent people out of the cities, except for certain very rich corridors, like, for example, near Central Park, right? That place will always do their best to keep that super nice and stuff. public safety is one of the biggest issues but also cost and just overall lawlessness so this is the subway went oh okay here's a big part the subway in 2017 which is like about the first time i met or i met the first time i went there they they said it was rated relatively high, people feeling safe in the subway. Again, it's subjective, I guess, but it's just like cutting half the number of people that felt safe on the subway. Just in the last seven years, eight years, yeah, seven years.

So why? What's going on with this? Is it a Democratic rule? Yes, the Democratic Party is definitely at fault for some of this, but it goes more than that. A big part of it is what I just read off to start the show, the U.S. debt clock. All the inflation and just kicking the can down the road, all that is going to manifest in certain ways,

and the lower rungs of society become more desperate, and kind of the people that used to be doing okay, now they're clinging for life, economically or even literally, and it just, you know, it starts to accelerate as well. So let's go look at some other reasons, though, and what's going on. Maybe you saw this article mostly i think came out today uh squatters at a new york house where the homeowner was arrested for trying to get these squatters out i saw someone on x or on twitter say squatters rights is like communism in action which was kind of funny.

And, of course, all the communist hammer and sickle guys came in and said, that's not real communism. Anyway, point is, this was in Queens, New York, which was included in that survey I just talked about, and definitely not the richest part of New York, let's just say. A homeowner changed the locks on her own house in order to evict some squatters. But due to squatters' rights, if people are able to live there for 30 days, I guess, without you kicking them out, they get squatters' rights. And in certain parts of the country, this is legit.

I could hardly believe it but i've heard kind of a squatter's rights but it sounds like total garbage i didn't even know if it was like real or like a meme but uh apparently it's a real thing in some areas and i know and i believe in believe in florida they affirmatively passed the legislation to make sure this doesn't happen. But anyway, I did not do much research into this squatters' rights, but this is why I always said I'm not going to be a landlord. I'm not going to own rental properties. Because just going back to COVID, they can do a moratorium, the government,

and say you cannot collect rent from your tenants. Or they'll say, well, you can't. The government has a program where we'll give you a little bit of stipend, but you can't collect rent from them because the economy is so bad. Or you have to have people that you don't want in there. Or you have all types of things that the government can do to manipulate your rights as a landlord is kind of rough now hey trust me i don't own any rental properties right now at all by any means and i've had a lot of landlords in my life most of them actually been no problem just paid around time don't destroy things and most of them have no problem so i'm not like team landlord because uh trust me trust

me landlords uh are important though and you know they can take advantage and landlords have taken advantage a lot but squatters i don't know and just the the risk of the government saying just like they like they did in COVID, oh, there's a one-month or a three-month or a three-year or an indefinite moratorium on rent. I mean, you're screwed. That could make you go bankrupt. And then, oh, well, that's okay. As long as you get the most recent vaccination and ID card,

then you'll qualify for a government bailout. So you'll be okay. Mr. Landlord. What was, if you don't want that vaccination? I mean, I just,

just a sample idea for what I'm talking about here. I got a lot more ideas than just that. Um, anyway, I got like five more articles ago and I've already been live like, uh, 14 minutes. I got another 10 minutes and. I got to go.

But it's going. I can talk a lot more about the squatters' rights and we can try to talk more. But let's move on. Another reason potentially. Or here, another city. It's probably falling off a little quicker than New York. Baltimore. Baltimore.

Bloomberg reports Mayor Scott plans to offer residents more than 200 city owned vacant properties for a dollar each however those residents must rehab the homes and live in them so not for landlords so

an enterprising young man such as myself can't go buy 10 of these and go rent them all out if I front all the money to refurbish them in the burned out core of Baltimore and if I take that huge risk I'm not saying I would if I sold all my bitcoin and decided

I would buy a burnt out block essentially in Baltimore but then some people would do that and they would actually invest and maybe rehab some of these areas. Because they think, hey, well, I'll rent them out. And you can say, well, they'd be taking advantage of the people renting from them. Well, okay, then it's just a vacant, burned out lot.

There you go. It's Haiti. Right? Trust me. I'm the breaker of banksters. I'm not a fan of some of the gimmicks they pull out. But a system, a free market is important. And the banksters hate free market.

That's why I hate them. So leave it at that. But yeah, you have to go live there. You can't be a dead landlord. But still, putting that to the side. Well, is anyone going gonna buy these is the question or will the government end up buying them rehabbing them and then giving them as low income or even zero rent you know section 8 housing or reduced rent you know all that type

of stuff with government you know taxpayers really funding it hey Hey, man, it's tough. It's tough. I'm not saying there should not be any social safety net at all, but I don't know, man. Maybe I should say that. Because every time the government gets involved, it's just so wasteful and so bad. And there's just people's families, churches,

or even non-denominational organizations can almost always, or pretty much always, with very rare exceptions, and usually that's from crime, that's illegal anyway, they can do much better per dollar than the government, and there's less corruption etc. Less moral hazard so anyway Baltimore totally collapsing from a peak of 1 million

residents in 1960 Charm City down to 556k so cut in half essentially and this chart which I know you guys can't see the chart but 556K, so cut in half, essentially. And this chart, which I know you guys can't see the chart, but looking just in the past 10 years, so not going all the way back to the 1800s and 1920, 1940, 1960,

which was the peak Baltimore population, and it all fell off from 6 1960 on but just looking at the year 2000 on it has dropped like 20 plus percent and there's a couple fall-offs on it but it really started with those baltimore riots in 2015 which i remember because there was just like i worked at a hotel company. A couple of our hotels got trashed. I didn't live in Baltimore, but I do the shirts for it at the time. So Baltimore riots,

it fell off pretty big after that. And then after COVID, it just really went down. Please force, you know, the whole defund the police crime is up and then of course inflation is up and all that stuff i talked about with the u.s debt clock is just in the background crushing all this so anyway baltimore's collapsed trying to sell it off and rehab it but uh got a feeling their

socialist gimmicks aren't going to work out. The government's just going to come in and straight up buy it and then give it to the legals or make it into Section 8 housing. So we'll have to check in on that in the future. So there you go. That's pretty much – oh, here we go. No, sorry. This is the same article about everything's worse than six years ago. New Yorkers feel unsafe. Yeah, and it's not even summertime.

Ooh, this summer could be rough in New York. A couple more articles, and we'll call it a night. I was going to do that one, but it's a little bit more of a topical funny one. So let's keep this straight to business. Intel. Intel, the chip manufacturer. You know, the one that we're going to have to rely on or one of the major companies we're going to have to rely on to beat china in the ai race and beat other countries

well guess what they've spent since 2008 which seems like a long time ago but man 2008 really isn't that long ago in the grand scheme of things a hundred billion dollars of Intel that they've spent on buying back shares. What is buying back shares without getting too detailed? It's a way for the executives to reduce the number of shares outstanding

so all else equal the stock price goes up. So all else equal, the stock price goes up. So it looks like, hey, our stock price doubled in the last three years. I deserve a $40 million bonus. Well, actually, their earnings stayed the same. They just reduced the number of shares. Outstanding. And it just looks better on the stock price.

It's the opposite of issuing shares, which you normally do to get more capital. So you can invest in people, technology, and equipment. The good old capital, labor, and technology. the good old capital labor and technology so 100 billion dollars spent by Intel pretty much just to juice their stocks and get the stocks to pay out now a lot of that money does go to the

average or above average American who has a 401k you know in retirement and pensions and you know all that so some of that buyback money was received well by the economy but we all know a great great portion of

that went into the pockets of the banksters and their cabal of friends not the 1% but the 1% of 1% so actually probably 1% of 1 percent of one percent but let's not get too technical so the stock buybacks have happened all across corporate america and

in the past two decades they didn't really do as much of this before but it's a great example here with intel but think about a lot of the big corporations that were supposed to be, you know, the mainstay of America, Boeing, Intel, several others. They've been buying back their stock instead of investing in research and development and coming up with better stuff than China or building factories in America. They're always saying, oh, it's cheaper to outsource to China, Taiwan, India, whatever it is. We're talking semiconductors here, so Taiwan is a lot of it,

but China and even South Korea and stuff as well. They're bringing some back to America finally, but over the last 20 years they rarely invested that stuff in America. So they spend their money on, you know, they saved money outsourcing everything from America and then that money they saved, it's bad enough to outsource it,

but if they had saved all that money, they'd reinvest it into more scientists, more research, more projects, more innovation in America that employ people in America, more capital equipment. Fine. They outsourced some stuff to China, whatever,

but we got a bunch of money off that, and we invested that part in America at least. Whatever. We could play nice with other countries, maybe even if they're communist dictatorships. Probably a bad idea still, but it's okay. We love our Walmart and stuff. But no, Intel didn't do that.

They didn't invest in America with those proceeds. They just saved all that money. Then they paid out the executive shareholders. And yeah, just rough, man. So now, after doing that for the last 20 years, Intel is receiving. Okay, this is where it gets really bad and kind of pisses me off. Just a little bit after I guess it's 94 billion

not 100 billion sorry so after wasting 94 billion on share buybacks between 2008 and 2024 they're now receiving 23 billion in government grants and loans and another $25 billion in investment tax credits to invest in the U.S. Actually, they're going to invest $100 billion in the U.S.

And $94 billion was the share back. So a little bit more. Yeah, but with inflation that's worth way less than it was in 2012 or 2014 or 2018. But for them to invest $100 billion, they're getting like $50 billion from the government. So it's like a two for one. So long story short, total scam job just i mean that's bad enough that and if that was the only thing going on our economy could still be strong and go forward but that's just one freaking thing going on here's here's a great one for you

when someone asks why things are so expensive, realize this. Are you ready for this? 80% of all US dollars in existence have been printed since January 2020. So remember January 2020?

It was a tough time. Got tougher in March and April and beyond with COVID and all that. But it's not that long ago. Wasn't that long ago. 2020. Hell, even if you're like 25 years old, 2020 wasn't that long ago. I mean, you know, time goes way faster when you're like 25 years old 2020 wasn't that long ago i mean you know time goes way faster when you're younger like five six years feels like forever ago hell only four years four years ago four years four years

well in four years more than eight now because this is actually kind of an old thing here I'm looking at here, more than 80% of U.S. dollars in existence were printed. Pretty much COVID bailouts, all the 0% interest rates, all the stimulus checks, all the corporate bailouts, and now all this stuff we're sending to freaking Ukraine and all the other everything, all that it added up. 80%. So everything from, let's just go from, hell, let's be very conservative and go from World War II,

so let's end of World War II, 1945, until 2020. That period is 20% of dollars. 2020 to 2024 is 80%. Okay? Get that? Does that help? Is it because we're on a parabolic curve?

It's going up at a faster and faster rate because the US dollar is just inflating away, exploding. And they say, actually Powell was out today, said the Fed is going to lower rates a couple times. But as soon as they do that, things might fall apart. We'll see.

All right, I got one more article here maybe. We'll call it a night. There you go. This is a good one just to end on. there you go, this is a good one just to end on, sure, for,

you know, Intel and Boeing going down, but now there's Nvidia, right, and there's Amazon, and there's, you know, sure,

thankfully, and future Dan's a huge proponent of this, and points it out, and I can agree with him, that American economy's pretty damn resilient, and can get through all these headwinds, and corruption, and BS.

True, but here's a scary, scary stat. If you're looking at just the top, top performers of the stock market, kind of like feast or famine, think of it as that. Winner takes all. Only the top one out of four, one out of five stocks. Those are doing great right now. But the average stock, the three out of four, even four out of five of the non-super flyers that aren't just crushing it, they're doing horrible.

So the average Joe out there, that's how i look at it too it's like the average joe out there is getting kicked in the teeth maybe the top 10 top 20 percent still hanging in there making decent money getting a few percent extra per year at work right or even getting promotions but the average person is falling behind the inflation curve for sure but the bottom ones are really you know i.e home becoming homeless in that respect so but look at this chart just looking at stocks not people the top top stocks are still are kicking ass actually of course we have all this debt and all this spending and all this other stuff going on, share buybacks.

But they are kicking ass. But it's those, the median, kind of that, right in the middle, and definitely the lower end stocks are starting to fall apart. Does that mean we're going to see a stock market crash soon?

Well, this is as high as it was in 1932, which is right in the middle of depression. Stock market crash. And it's a little bit higher than it was during COVID. And a little bit higher than it was in the dot com bust. The discrepancy between the stocks that are doing well. You know the top percentiles versus the lower ones.

So that's not good. You want the wealth and everything to be stable. the top percentiles versus the lower ones. So that's not good. You want the wealth and everything to be stable. You want it to be not susceptible to massive shocks if one of those falls off, which we may see here. So anyway, I'll leave it at that. This has been a good Daily Audio Cash. Right at 30 minutes, I said I got to get off at 30 minutes. No matter what.

This is not an official Patriot Power Hour numbered episode. But we will be back next week with the first Patriot Power Hour of the new season. So I really look forward to that. Future Dan and I will be going through the news blitz. Talking about some of the topics maybe we haven't talked on in the past few weeks. But it was nice to have a couple weeks off as well. I got a feeling 2024 and the rest of this year is not going to be quiet by any means. By the time we get to September, October, November election time.

Oh man. Oh man. So I don't think we'll be taking too many more breaks We enjoyed our little spring break I guess you could call it, or end of winter break But again, next week Next Wednesday 27th of March

7pm Eastern God willing, Patriot Power Hour Will be back, so be sure to tune in Until then guys Ben the Breaker Bankster signing off. Catch you guys later.