The Prepper Broadcasting Network - PPH Special Report - Economic Depression Confirmed; Bitcoin $60K & More

Episode Date: February 29, 2024

Patriot Power Hour. Special report. No music. Not even a full show today. Unfortunately, some technical issues have racked the broadcast here. But we're going to get everything squared away by next week and come back hard with the news. Couldn't let it go another week without at least getting on here and talking a little economics and a little Bitcoin as well.

We'll get into it. But geez, I guess it's been about 10 days since Gotham Get Out ended. Great event. Learned a lot. I'm really looking forward to going back and listening to each part of it all the way through. I decided I would wait a few weeks before listening to it all through. Kind of after effect, number one, I was super tired the next day, but I was able to power through, went 36 plus hours without sleep,

then finally crashed out about 14 hours on President's Day, so that was nice. I took a few days off of my workout routines after that. But about five days later, I went on my usual run up and down a relatively big hill and almost hit a personal record. So definitely that I put in about nine miles on gotham get out mostly you know relatively flat land a few hills here and there but uh let me tell you my two and a half mile up and you know with 500 foot elevation gain that was nothing compared to gotham get out physically so uh i have to up my exercise routine now.

Get it up another level. But I was really happy that I had been working hard every week, every month, every year. For the last several years on my physical fitness, it definitely helped Gotham Get Out. Again, it took me a few days to recover. And this is something I wanted to touch on before I get into some of the economic news. And, of course, Bitcoin bitcoin 60k and rising but it's the question of can you do it on day two can you do it on day three day seven day 21 and that's the bug out or living after shtf what i would like to see for the next gotham get out equivalent exercise is a 72 hour period minimum 48 but 72 and we ended up actually canceling the third phase just because we were going to have to drive more than an hour from where we were and then some won't you know

actually both uh james and future dan would have had to drive another couple hours. Long story short, they were already on more than, I guess, 30-plus hours of no sleep, and they were going to have to drive multiple hours. Probably not a good idea. So for what it's worth, though, you can power through 12, 24, 36 hours. But after two, three, four days, if you had to put in those miles, if you had to live outside in the cold or in the summer in the hot and you're not showering, you're just getting some trench foot as an example.

Anyway, it just builds over time. So we all have real lives. We can't just go out into the woods for days at a time and freeze our ass off for fun or for content on Patriot Power Hour and Prepper Broadcast Network. But I think a 48-hour challenge or even 72 would be ideal because it's really the day two and day three that you really probably go even deeper. But you can feel yourself change over the hours, just even by hour six, seven, eight of on the road, cold as heck, you're underdressed. You can kind of tell you get a little bit more different mindset, a survival mindset. It's great.

It sucks, but it's also you just plow ahead. Whatever needs to be done, you'll get it done, and you'll get through it. That's a good feeling. Something we all need to cultivate a lot more as preppers. And, again, if you went multiple days in these tough situations, then you would have to dig even deeper. Knock on wood, no injuries or nothing like that. So economically, and again, this is not a full Patriot Power Hour,

and it's probably going to be another 10 minutes. Essentially, it's a daily audio cache. I wanted to get on here and just talk a little bit, and not even too much, but I do encourage if you did not listen to Gotham Get Out, go back just a couple weeks ago. I guess that would be like the 17th and 18th of February, about that time.

Go back and listen to that. It was great stuff, I thought. But economically, before I even get into Bitcoin, we have a new report that i just think really sums it all up and that's why i titled this broadcast as confirmation of an economic depression because we are in a depression we do have negative real gdp growth that's gone on for multiple quarters, if not multiple years. I won't get too deep into it, but everybody knows inflation is up. And GDP is not up at the same amount. If inflation's up 10% and GDP's up 5%, then the real GDP is a negative number.

It did not keep pace with inflation. So that is going on. But even let's take inflation out of the equation. So I think just that alone is confirmed negative growth in real terms, multiple quarters and even years, meaning we are in a depression right now. And it's getting worse. But throw that out. Let's just go with the government spending aspect of it.

A new report came out showing that the government spent way more in a deficit. Not just the spending, but the deficit. What they're adding to the debt, was much higher than the actual growth. That's like spending a dollar and getting 30 cents back and calling it a great economic story that's just going to propel Biden

to the next election. Right? So, and I'm trying to pull out the numbers. I just had it and it crashed. I always love when you pull things up on phones and computers and then they crash. There it is. All right, ready?

In the fourth quarter of 2024, or excuse me, 2023. Time is flying, but not that quickly, I guess. Today, the 28th of February, 2024. This article that just came out today, U.S. GDP grew $334 billion with a B. That sounds like a hell of a lot. $334 billion growth in GDP. Holy cow.

Remember, that doesn't take into account inflation, but throw that away. Don't even worry about inflation, even though it's huge. But look at this. That 334 cost 834 billion

in debt. That's right. Almost three times. Almost three to one. So essentially it is like spending a dollar and getting, I don't know, 40 cents back. I mean, at least you're getting some money back. It's not just like totally gone. It's not literally just all lit on fire and blown away.

Actually, you get a little bit of a return. I like it. Only a 60% loss, right? So anytime they talk about GDP growth, you want to ask, what is it compared to inflation, and what is it compared to debt? And we're talking only government debt here. What about consumer debt?

How much of this 334 billion dollars in q4 growth came from loans it's not real growth it's we'll pay this back in the next 5 10 20 30 years these people say and they're getting these loans how much of his true true growth not that much not that much. Not that much. And there's a lot more debt than $834 billion is what I'm saying. That's just kind of like the government debt. Anyway, Bitcoin, I'm not here to brag about Bitcoin, people, but I've been talking about it on this network for quite a while since we joined

and even before this network, that Bitcoin should be part of your financial strategy, even if it was only 5% to 10%. Bitcoin right now, $62,385. At the time of Gotham Get Out, it was just about $50,000. So up about $12,000 in the last couple of weeks. It's doubled in the last year., actually more than tripled since this time last year. And it's super volatile and it should, again, only be a small portion. Maybe I'm wrong

because if you put all of your eggs in this basket, baby, you would be able to buy 20 homesteads. you would be able to buy 20 homesteads. So, listen, it's not too late to get into Bitcoin, number one. Number two, there likely will be pullbacks, so you don't have to buy it all right now. Buy it if it goes back to 55K, 50K, 45, especially if there's a stock market crash. Be on the lookout.

In 2020, especially the COVID stock market crash, Bitcoin lost like 20% of its value in one day. and the stock market lost you know 15 20 as well but bitcoin bounced back to all-time highs 12 months later then it's of course had a bear market recently but it's all the way back and for almost everybody 97 of people that have bought Bitcoin are in the profit right now. Some people, quite a lot. Now, what do you do with Bitcoin? There's a lot of things. If we're preppers, you can turn those into preps.

You can turn them into a homestead. You can turn it into gold and silver. Right? If you don't trust Bitcoin, you don't trust the internet, don't trust electricity, that's good. You're a prepper. I don't fully trust that either. I absolutely don't put all my eggs in one basket. But as long as there's power and as long as there's internet,

in my opinion, there will be Bitcoin and it will be very valuable. It's essentially electronic gold. and it will be very valuable. It's essentially electronic gold. But if the power goes out, I hope you have some real preps, real gold, real silver, real food, water,

network of people, health. And I think it was about, I don't know exactly when it was. It would be interesting to see what the price of Bitcoin was when I put this out. But James Walton, the int trepid commander created a pyramid of preps that bend the breaker of banksters well i was talking about it on one of my shows he turned it into an image and it was great i got it somewhere i just gotta go check it out but uh at the at But remember the food pyramid where the base of the pyramid is what you're supposed to do the most of?

We're not saying the top of the pyramid is the best necessarily. It's more of what the foundation versus the capstone, right? The foundation is your physical health. So staying in shape, eating well. health so staying in shape eating well try not to be hooked on vices and uh whether that's sugar alcohol or all types of other stuff out there even just screen time and video games is right so food water your health that's the foundation listen you know if you don't have any gold and silver and you don't have any bitcoin

but you are able to you're in great shape you have great water filtration you got multiple ways to get food you're well trained you practice your skills that's invaluable

that's way more important than gold, silver or bitcoin especially the more extreme Practice your skills. That's invaluable. That's way more important than gold, silver, or Bitcoin, really. Especially the more extreme the SHTF is. Literally, if it's EMP, everything blows away, then Bitcoin's worth nothing. Gold and silver probably are not worth much until or unless humanity recovers. After they come out of the dark age, gold and silver might be worth it. I don't think people really care much about that if they're eating dogs in the street.

I'm well aware of this. I put most of my preps and time and energy and money into the foundational. Maybe that intermediary is more of a tool. Again, that's the base of the pyramid. The intermediary or middle part of the pyramid is more of tools,

so firearms, a bug-out vehicle, bug-out bag, electric bike, cool stuff that you don't absolutely need to have, but, man, you would wish you wanted batteries, light sources, a bunch of good firewood. Spend your time, whether it's your money or your physical labor, to stack some firewood. They could even say that's kind of like the base of the pyramid. And then above that is kind of your, hey, you need to have some cash on hand.

You need to get out of Dodge. People still accept cash for a little while. Don't be crazy into debt. I mean, okay, there's the theory out there that if you knew the banking system was going to collapse in three weeks, then you would take out every freaking loan you possibly could right now

because no one's going to be able to pay anything back, so it won't matter. It's true, but do that at your own risk. I ain't doing that. Definitely not right now, but anyway, point is, be responsible financially. Have some cash, backup emergency cash, and maybe some emergency power generation. Some of that gold and silver potentially.

And then if you have all those pretty well put together, I've always said, hey, throw 5, 10, 20% into Bitcoin. Don't add to your 401k, screw that. You don't want to support these banksters and the S&P 500 and the Dow and all these globalist, evil globalist corporations. Do you? Do you really want to? I don't think so, man. So why don't you just, you know, put some of that in Bitcoin?

Well, if you've done it, well, first off, I know some of you have. So glad you have. If you haven't yet, I'm not trying to shame you. It's the opposite, actually. You still have a good chance to get in, in my opinion. I still think Bitcoin could double by this time next year and be at $120K. So you'll wish you'd gotten in at $60K or $70K or $80K if it gets to $120K. But I'm also saying being financially responsible, not just like piling in all right now.

Because it could lose 20%, 30%, 40 percent if there's a stock market crash before in my opinion people would go back to bitcoin and it would skyrocket to all time new levels bitcoin's only all value of bitcoin's only about 15 percent i think of gold right now so if bitcoin was the value if all the money in the world that's invested in gold right now so if bitcoin was the value if all the money in the world that's invested in gold right now if the equivalent amount was in bitcoin bitcoin would be up like 10x by now so even if it was a equal peer of gold we're looking at 400 500 600 000 bitcoin it's not too late to get in but again be responsible with it I'm not selling any of this either man

I'm not even making a penny off this so definitely don't sue me but yeah I think that's about all I had to say today it's just we're in an economic depression absolutely in real terms because of inflation and the debt it's the only reason there's even close to a small penance.

Penance. Not penance. Penance. Of GDP growth. And same with employment. So, find ways to prep. I still think if you've got a little bit of cash to spare some bitcoin would be good but definitely you know the first ten thousand dollars of your preps should be the base of that pyramid you know in my opinion um you know it's at least 10k and oh actually one last thing what do you do with

bitcoin if you let's say you made some money on what do you do well first off i don't sell mine so i don't have to pay the irs taxes because it's only unrealized gains i don't sell mine very minimal amount if any and report that on your taxes you know you don't the irs messing with you for sure and i ain IRS messing with you, for sure. And I ain't messing with them either because I know I'm being recorded right now. So, hey, IRS, I'm up to date, and I will be if and when I ever sell mine.

But why would I sell it back for U.S. dollars? I'm trying to get rid of U.S. dollars. It's a fiat currency. It's a total Ponzi scheme, central bankster scheme. What you can do instead is turn it into preps, turn it into a homestead, turn it into gold and silver. Or even maybe you'll meet some people that like Bitcoin and you can exchange with them. Like what I do with NBC guy, generally I do give him fiat currency when I buy things from him. But I've given him silver in the past.

I don't think he's interested in accepting Bitcoin, but maybe I could pay him in some Bitcoin. But you never know. Maybe you want to buy a new bug-out truck. You buy it used, and maybe there's a small chance that person would accept Bitcoin. It's way cleaner, way less fees, way faster, way more transparent. I'm telling you. The banks, everyone asks, what is Bitcoin backed by?

What does it serve as a function society? It replaces the banks. It replaces the banks with just math and pure computational power. But always diversify always remember what are you going to do if the power goes out I got to remind myself that too sometimes so it's going well

on that front the rest of the news is pretty crappy these days but I'm going to wait until next week when I get back on with future Dan and we'll go through the whole dashboard talk a little bit more after report but I'm going to wait until next week when I get back on with future Dan and we'll go through the whole dashboard, talk a little bit more after report of Gotham Get Out, and then we'll hit the news.

And, of course, if NATO decides to go into Ukraine, I'll do a little special broadcast. Don't forget that that looks like that's happening at this point. Knock on wood, hopefully it doesn't. All right, I'll stop r little special broadcast. Don't forget that that looks like that's happening at this point. Knock on wood, hopefully it doesn't. All right, I'll stop rambling, folks. Be back next week. Be sure to check out the rest of PBN, some great shows. I'll catch you later. Ben the Breaker of Banksters signing off. Thank you. We'll see you next time.