1 00:00:11,039 --> 00:00:17,240 Speaker 1: This is a Jesse Kelly show. It is the Jesse 2 00:00:17,520 --> 00:00:24,200 Speaker 1: Kelly Show. Let's have some fun on a Friday. It's 3 00:00:24,239 --> 00:00:27,520 Speaker 1: an ass Doctor and Jesse Friday. Are you ready for 4 00:00:27,560 --> 00:00:31,000 Speaker 1: the weekend? It's practically already here? It is here. Here's 5 00:00:31,040 --> 00:00:35,040 Speaker 1: what we have on tap for tonight. Biden was talking 6 00:00:35,080 --> 00:00:38,000 Speaker 1: more about Bidenomics today. That was not a good idea. 7 00:00:38,080 --> 00:00:41,240 Speaker 1: We'll get to that here very very quickly, because that's 8 00:00:41,240 --> 00:00:44,239 Speaker 1: going to lead us into ask Doctor Jesse questions on 9 00:00:44,320 --> 00:00:47,879 Speaker 1: everything from what is the real world impact on a 10 00:00:48,040 --> 00:00:51,159 Speaker 1: debt crisis? Should you even give a crap? Should you 11 00:00:51,280 --> 00:00:54,760 Speaker 1: leave your job and take the big chance? Should Republicans 12 00:00:54,840 --> 00:00:58,400 Speaker 1: be more willing to lie like Democrats are when they campaigned? 13 00:00:58,720 --> 00:01:03,040 Speaker 1: What makes an effective political ad? And is Chris real? 14 00:01:03,280 --> 00:01:07,120 Speaker 1: We finally answer that question tonight. All that and so 15 00:01:07,280 --> 00:01:10,560 Speaker 1: much more is coming up tonight on the world famous 16 00:01:10,640 --> 00:01:16,160 Speaker 1: Jesse Kelly Show. And anxious to see how things are 17 00:01:16,240 --> 00:01:18,319 Speaker 1: at the house when I get there. Because the wife 18 00:01:18,360 --> 00:01:21,000 Speaker 1: made sloppy Joe a couple of nights ago. Not to 19 00:01:21,000 --> 00:01:24,600 Speaker 1: brag homemade sloppy Joe. Tonight, My big plans were to 20 00:01:24,640 --> 00:01:30,240 Speaker 1: go home and to reheat it, put the sloppy Joe 21 00:01:30,280 --> 00:01:33,360 Speaker 1: on a hot dog and then reheat some of the 22 00:01:33,480 --> 00:01:35,920 Speaker 1: caso I have in the fridge and put that on 23 00:01:36,000 --> 00:01:38,279 Speaker 1: the hot dog and have kind of like a chili 24 00:01:38,400 --> 00:01:41,440 Speaker 1: cheese dog. I just texted her right before the show 25 00:01:41,480 --> 00:01:44,080 Speaker 1: started and I said, Hey, we have any that leftover 26 00:01:44,160 --> 00:01:47,160 Speaker 1: caso in the fridge? And she said, I'm not sure. 27 00:01:47,400 --> 00:01:50,280 Speaker 1: And I texted her back, I said, where your legs broken? 28 00:01:52,520 --> 00:01:55,080 Speaker 1: She's still typing as we speak. There's probably gonna be 29 00:01:55,080 --> 00:01:57,320 Speaker 1: some words I have to edit out by the time 30 00:01:57,360 --> 00:01:59,520 Speaker 1: this thing gets sent back. But I thought it was funny. 31 00:02:00,000 --> 00:02:02,040 Speaker 1: Tell that and more to come tonight on the world 32 00:02:02,080 --> 00:02:11,040 Speaker 1: famous Jesse Kelly's show. Now. Arrogance, arrogance, pride, whatever you 33 00:02:11,040 --> 00:02:15,160 Speaker 1: want to call it, it's a dangerous thing has brought 34 00:02:15,200 --> 00:02:18,760 Speaker 1: down many a man for sure, and women too. I'm 35 00:02:18,800 --> 00:02:23,840 Speaker 1: sure one of the great advantages we will have going 36 00:02:23,880 --> 00:02:27,959 Speaker 1: forward in this endless war we have, this endless culture war. 37 00:02:28,040 --> 00:02:30,880 Speaker 1: We have a war to determine what this country looks 38 00:02:30,919 --> 00:02:35,280 Speaker 1: like in the future. One of our great benefits is 39 00:02:35,360 --> 00:02:39,720 Speaker 1: going to be their arrogance. Remember yesterday we touched on 40 00:02:39,760 --> 00:02:41,359 Speaker 1: it a little bit. Let's cover it again real quick 41 00:02:41,400 --> 00:02:43,120 Speaker 1: before we get to the ask doctor Jesse questions, I 42 00:02:43,160 --> 00:02:47,560 Speaker 1: want to cover this Biden stuff. They're arrogance. They're arrogant, 43 00:02:47,880 --> 00:02:53,160 Speaker 1: extremely very very cocky, and they have some right to be. 44 00:02:54,080 --> 00:02:56,920 Speaker 1: We talked last night about why they are or one 45 00:02:56,960 --> 00:02:59,919 Speaker 1: of the reasons they're so arrogant. COVID was a bit 46 00:03:00,320 --> 00:03:02,799 Speaker 1: reason they're so arrogant. They got all this new power, 47 00:03:03,360 --> 00:03:06,239 Speaker 1: they decided to use it. There was no pushback. Everyone 48 00:03:06,440 --> 00:03:08,240 Speaker 1: frankly kind of went along with it, and they were 49 00:03:08,240 --> 00:03:11,280 Speaker 1: excited about it. And so they were excited, and they 50 00:03:11,360 --> 00:03:14,480 Speaker 1: got really excited that they could tell these huge lies, 51 00:03:15,120 --> 00:03:19,200 Speaker 1: these huge lies, and they watched so many people believe 52 00:03:19,320 --> 00:03:22,400 Speaker 1: them and go along with it all actually stop the spread, 53 00:03:22,440 --> 00:03:24,720 Speaker 1: just lie after lie after lie after lie after lie. 54 00:03:24,880 --> 00:03:29,160 Speaker 1: It really convinced these people that they can say anything. 55 00:03:30,600 --> 00:03:35,280 Speaker 1: The whole bidonomics thing was a bad idea from the start. 56 00:03:35,400 --> 00:03:37,480 Speaker 1: This kicked up. You remember this kicked up about five 57 00:03:37,520 --> 00:03:41,920 Speaker 1: six months ago. They started rolling out bidonomics. And here's 58 00:03:41,960 --> 00:03:45,760 Speaker 1: why they did it, but I think it was five 59 00:03:45,760 --> 00:03:49,560 Speaker 1: six months ago. Whenever they did it, the economy was bad, 60 00:03:50,240 --> 00:03:53,120 Speaker 1: He's bad, but inflation was bad. Remember we were getting 61 00:03:53,160 --> 00:03:56,360 Speaker 1: those inflation numbers every time new numbers came out. It 62 00:03:56,400 --> 00:03:59,560 Speaker 1: was something like seven eight percent. It was freaking horrible, 63 00:04:00,200 --> 00:04:03,080 Speaker 1: these horrible inflation numbers, and we were getting horrible gas 64 00:04:03,120 --> 00:04:07,680 Speaker 1: prices and people were starting to freak out. Then the 65 00:04:07,760 --> 00:04:11,960 Speaker 1: inflation numbers, while they're still terrible, they weren't eight percent anymore. 66 00:04:12,400 --> 00:04:14,720 Speaker 1: And then Joe Biden, which he should be sent to 67 00:04:14,760 --> 00:04:17,880 Speaker 1: prison for treason for this drain the strategic oil reserve 68 00:04:17,960 --> 00:04:20,600 Speaker 1: to lower the gas prices because he can't drill for anymore. 69 00:04:20,839 --> 00:04:23,000 Speaker 1: So he tapped into something that should be for national 70 00:04:23,080 --> 00:04:26,240 Speaker 1: emergency to lower the gas prices before the midterms. That way, 71 00:04:26,240 --> 00:04:29,520 Speaker 1: the Democrats wouldn't lose so many seats. And what happened 72 00:04:29,640 --> 00:04:33,840 Speaker 1: was the economy that was nose diving quickly kind of 73 00:04:34,600 --> 00:04:37,280 Speaker 1: leveled off a little. I realize it's still going down. 74 00:04:37,320 --> 00:04:39,160 Speaker 1: I'm not telling you it's good, but it leveled off 75 00:04:39,160 --> 00:04:42,760 Speaker 1: a little. There were signs that the nose dive is 76 00:04:42,880 --> 00:04:49,600 Speaker 1: over well. Because these are the most selfish, craven, despicable 77 00:04:49,640 --> 00:04:51,919 Speaker 1: people on the planet, just like after a mass shooting, 78 00:04:52,040 --> 00:04:55,360 Speaker 1: Just like with foreign policy, they only look at these things, 79 00:04:55,600 --> 00:04:58,040 Speaker 1: never through the lens of you or how it helps you, 80 00:04:58,080 --> 00:05:01,120 Speaker 1: only through Hey, let's politic can we call pol how 81 00:05:01,160 --> 00:05:03,200 Speaker 1: do we how do we get improvement? In the polls 82 00:05:03,240 --> 00:05:07,080 Speaker 1: with these they got way over excited and they decided, hey, 83 00:05:07,240 --> 00:05:11,960 Speaker 1: it's getting better. Boom, that's bid nomics baby, and they 84 00:05:12,000 --> 00:05:19,800 Speaker 1: just ran with it. Except things are not okay. They're 85 00:05:19,839 --> 00:05:25,000 Speaker 1: not okay. People who do not have the income that 86 00:05:25,120 --> 00:05:29,839 Speaker 1: can overcome a twenty percent inflation number, and that's most people, 87 00:05:30,000 --> 00:05:32,560 Speaker 1: the vast don't feel bad if that's you. The vast 88 00:05:32,600 --> 00:05:35,600 Speaker 1: majority of people cannot all of a sudden be twenty 89 00:05:35,640 --> 00:05:39,239 Speaker 1: percent poorer. That's not the way it works. And people 90 00:05:39,320 --> 00:05:43,720 Speaker 1: who are twenty percent poorer, which is most people, what 91 00:05:43,839 --> 00:05:47,720 Speaker 1: they don't want to hear is how great they have it. 92 00:05:48,360 --> 00:05:52,320 Speaker 1: That's the one thing, the one thing you cannot tell them. 93 00:05:52,680 --> 00:05:55,760 Speaker 1: You can maybe say you're sorry, you can look if 94 00:05:55,800 --> 00:05:57,760 Speaker 1: you don't want to do that, I get that it's politics. 95 00:05:57,880 --> 00:06:00,440 Speaker 1: You can maybe say you have a plan, you can 96 00:06:00,520 --> 00:06:03,720 Speaker 1: maybe blame the last guy. They all love doing that 97 00:06:03,880 --> 00:06:06,960 Speaker 1: now is a Trump's fault. They love doing that. But 98 00:06:07,080 --> 00:06:11,479 Speaker 1: the one thing you absolutely one hundred percent cannot do 99 00:06:12,080 --> 00:06:15,120 Speaker 1: to the couple. Remember not talking about hardcore is left right, 100 00:06:15,160 --> 00:06:16,880 Speaker 1: because they're going to vote how they vote with the 101 00:06:16,920 --> 00:06:20,000 Speaker 1: squishy independence who don't have any idea what they stand for. 102 00:06:20,400 --> 00:06:23,919 Speaker 1: The couple who's sitting down in anguish looking at an 103 00:06:24,000 --> 00:06:27,520 Speaker 1: Excel spreadsheet of their budget because they're not making ends meet, 104 00:06:27,800 --> 00:06:30,919 Speaker 1: they cannot under any circumstances. Here the President of the 105 00:06:31,000 --> 00:06:33,120 Speaker 1: United States of America telling them this. 106 00:06:33,279 --> 00:06:37,240 Speaker 2: I think they know they're better off financially than they 107 00:06:37,240 --> 00:06:41,440 Speaker 2: were before the fact and all that data, all that 108 00:06:41,520 --> 00:06:45,240 Speaker 2: polling stuff shows they think they're more positive about the 109 00:06:45,279 --> 00:06:48,520 Speaker 2: economy than they've banned, more positive about their jobs, et cetera. 110 00:06:50,920 --> 00:06:55,400 Speaker 1: They cannot hear you say, look how happy they are. Ah, man, 111 00:06:55,760 --> 00:06:59,240 Speaker 1: they're thrilled with this. And you know what else they 112 00:06:59,240 --> 00:07:03,840 Speaker 1: can't hear. They can't hear you when they keep it 113 00:07:03,920 --> 00:07:05,720 Speaker 1: keeps being brought up to him. Hey, they're not happy. 114 00:07:05,720 --> 00:07:08,440 Speaker 1: They're not happy. They're not happy. They can't hear you. 115 00:07:08,480 --> 00:07:09,239 Speaker 1: Blame the news. 116 00:07:09,240 --> 00:07:12,800 Speaker 3: Why do you think most people still don't feel positive 117 00:07:12,920 --> 00:07:14,680 Speaker 3: or feel good news about the economy. 118 00:07:15,480 --> 00:07:18,040 Speaker 2: Well, I think the people of three hundred and plus 119 00:07:18,160 --> 00:07:22,280 Speaker 2: thousand people have got jobs feel better about the count. Look, 120 00:07:22,880 --> 00:07:23,880 Speaker 2: I got to choose my word. 121 00:07:23,960 --> 00:07:29,560 Speaker 1: Chare he will listen, pause for a second. Listen to 122 00:07:29,600 --> 00:07:33,360 Speaker 1: that setup he just did. I've got to choose my 123 00:07:33,520 --> 00:07:37,120 Speaker 1: words here. Now listen to where he goes from here. 124 00:07:37,440 --> 00:07:40,240 Speaker 1: I've got to choose my words here. So that was 125 00:07:40,240 --> 00:07:43,360 Speaker 1: a setup. That was the that was the kind of 126 00:07:43,400 --> 00:07:45,760 Speaker 1: trying to give himself a soft landing. Now listen to 127 00:07:45,800 --> 00:07:46,400 Speaker 1: what he says, Well. 128 00:07:46,440 --> 00:07:50,040 Speaker 2: Not the happiest people in the world. What's your report? 129 00:07:50,480 --> 00:07:53,320 Speaker 2: And I mean it sincerely. It gets a more little 130 00:07:53,400 --> 00:07:55,640 Speaker 2: You get more legs when you're reporting someone is negative. 131 00:07:56,280 --> 00:07:59,400 Speaker 2: It turned on the television and there's not a whole 132 00:07:59,400 --> 00:08:02,640 Speaker 2: lot about boy saves dog as he swims in the lake, 133 00:08:02,760 --> 00:08:05,520 Speaker 2: you know, to say, you know it's about you know, 134 00:08:05,640 --> 00:08:08,640 Speaker 2: somebody pushed the dog in the lake. I mean, I 135 00:08:09,160 --> 00:08:20,400 Speaker 2: get it. But if you're just listen to what's going 136 00:08:20,440 --> 00:08:21,680 Speaker 2: on around the world. 137 00:08:22,800 --> 00:08:26,280 Speaker 1: If you guys would just stop reporting negative stuff about it, 138 00:08:27,920 --> 00:08:36,320 Speaker 1: arrogance unbelievable levels of pride and arrogance, and they still 139 00:08:36,679 --> 00:08:39,160 Speaker 1: they just won't back office. 140 00:08:38,800 --> 00:08:41,240 Speaker 2: That under bidnomics. You won't have to leave home now 141 00:08:41,240 --> 00:08:41,960 Speaker 2: to get a good. 142 00:08:41,880 --> 00:08:48,640 Speaker 1: Job, which brings us to this, dear muppet laugh gigantoid. 143 00:08:49,640 --> 00:08:52,199 Speaker 1: You warned about the debt for years and the constant 144 00:08:52,240 --> 00:08:54,920 Speaker 1: can kicking, but I've never heard you break down the 145 00:08:54,960 --> 00:08:58,640 Speaker 1: real world impacts for the average Joe. What is the 146 00:08:58,760 --> 00:09:03,000 Speaker 1: end Result in Impact Act for everyday citizens? Does China 147 00:09:03,040 --> 00:09:06,280 Speaker 1: come knocking on our door calling in loans? Please explain 148 00:09:06,280 --> 00:09:08,560 Speaker 1: it in a way that makes it visceral and tangible 149 00:09:08,640 --> 00:09:12,680 Speaker 1: so we can share with our normy norms. Lastly, freeze 150 00:09:12,720 --> 00:09:14,840 Speaker 1: a stick of butter and grade some into your eighty 151 00:09:14,920 --> 00:09:17,800 Speaker 1: twenty ground beef before making your patties. You can take 152 00:09:17,840 --> 00:09:22,160 Speaker 1: all the credit. Godspeed to you and yours. Okay, this 153 00:09:22,320 --> 00:09:25,040 Speaker 1: debt crisis that's coming, I don't want to say what 154 00:09:25,120 --> 00:09:28,800 Speaker 1: I'm warning about one that might come. It's coming, it's coming, 155 00:09:29,200 --> 00:09:30,040 Speaker 1: and it's coming home. 156 00:09:30,160 --> 00:09:34,520 Speaker 4: A few days ago, CNBC's Rick Santelli predicted the interest 157 00:09:34,600 --> 00:09:38,360 Speaker 4: rates on the ten year bond could conceivably jump to 158 00:09:38,520 --> 00:09:44,240 Speaker 4: fourteen percent, up from today's already ruinous five percent. If 159 00:09:44,280 --> 00:09:47,120 Speaker 4: that happens, we could see something a lot bigger than 160 00:09:47,160 --> 00:09:48,720 Speaker 4: the two thousand and eight crisis. 161 00:09:49,040 --> 00:09:51,040 Speaker 1: Here's Rick, the worst case scenario. 162 00:09:51,240 --> 00:09:53,760 Speaker 4: We're treasury rate's going to go ten year. 163 00:09:54,000 --> 00:09:55,599 Speaker 3: I'd say in the next seven years you should be 164 00:09:55,640 --> 00:09:57,640 Speaker 3: able to see thirteen and a half fourteen percent. 165 00:09:57,760 --> 00:10:05,800 Speaker 1: Yes and a half fourteen percent. That is uh oh time. 166 00:10:06,160 --> 00:10:10,160 Speaker 1: And you notice he didn't say fifty years from now, Oh, 167 00:10:10,320 --> 00:10:13,800 Speaker 1: couple years, it's come, next year, it's coming. It's here. 168 00:10:14,520 --> 00:10:17,880 Speaker 1: The debt monster that we've been talking about for decades, 169 00:10:17,920 --> 00:10:22,800 Speaker 1: you and me, the debt monster is finally he's standing 170 00:10:22,840 --> 00:10:25,520 Speaker 1: at the door. So what does it look like for you? 171 00:10:26,480 --> 00:10:29,160 Speaker 1: Why should I care? Why should you care? Should we 172 00:10:29,200 --> 00:10:31,440 Speaker 1: give a crap? Is it just a government who's going 173 00:10:31,480 --> 00:10:35,200 Speaker 1: to pay? Let's talk about that debt crisis and so 174 00:10:35,320 --> 00:10:37,640 Speaker 1: much more still to come on the Jesse Kelly Show. Now, 175 00:10:37,720 --> 00:10:44,520 Speaker 1: speaking of crisis, when you go through something horrible like 176 00:10:44,679 --> 00:10:49,640 Speaker 1: losing a mother or a father, husband, wife, I don't 177 00:10:49,640 --> 00:10:51,720 Speaker 1: sit here and pretend like I know what that's like, 178 00:10:51,760 --> 00:10:54,240 Speaker 1: because I still have my mother, father, and wife. But 179 00:10:54,400 --> 00:10:57,560 Speaker 1: you hear these stories from these gold star widows and 180 00:10:57,600 --> 00:11:01,000 Speaker 1: these fallen first responder families, and it's just the freaking 181 00:11:01,080 --> 00:11:04,160 Speaker 1: worst thing ever. It just sounds like a big hole 182 00:11:04,360 --> 00:11:06,920 Speaker 1: is left in your life that never gets filled again. 183 00:11:07,559 --> 00:11:09,480 Speaker 1: And you want to help, right, You hear these stories 184 00:11:09,480 --> 00:11:11,880 Speaker 1: and you want to help it. It's instinct he what 185 00:11:11,880 --> 00:11:13,920 Speaker 1: do I do? How can I help you? What can 186 00:11:13,920 --> 00:11:18,240 Speaker 1: I do? Tunnel to Towers is here to help. They 187 00:11:18,679 --> 00:11:21,920 Speaker 1: are how you help? You? Give eleven dollars a month 188 00:11:21,960 --> 00:11:25,200 Speaker 1: to Tunnel to Towers. And what you're doing is you're 189 00:11:25,520 --> 00:11:31,439 Speaker 1: paying off mortgages for widows and orphans, You're building catastrophically 190 00:11:31,480 --> 00:11:35,480 Speaker 1: injured veterans smart homes. You're out there being the hands 191 00:11:35,480 --> 00:11:38,120 Speaker 1: and feet we claim we want to be. That's what 192 00:11:38,160 --> 00:11:41,079 Speaker 1: your eleven dollars to Tunnel to Towers does. And go 193 00:11:41,120 --> 00:11:43,400 Speaker 1: look up Tunnel to Towers. Don't take my word for it. 194 00:11:43,520 --> 00:11:47,760 Speaker 1: Go look up their charity rating. This organization puts your 195 00:11:47,880 --> 00:11:52,520 Speaker 1: money exactly where you want it to go. Tthumb two 196 00:11:52,640 --> 00:11:57,280 Speaker 1: t dot org. Eleven bucks a month. Go. Now, I've 197 00:11:57,320 --> 00:12:01,880 Speaker 1: got on anymo inside of me. Jesse Kelly, you're listening 198 00:12:01,920 --> 00:12:08,520 Speaker 1: to the Jesse Kelly Show. It is the Jesse Kelly 199 00:12:08,600 --> 00:12:12,880 Speaker 1: Show on an ass doctor Jesse Friday. We are covering 200 00:12:13,000 --> 00:12:16,920 Speaker 1: everything today. Why because the whole show is your questions 201 00:12:17,280 --> 00:12:21,160 Speaker 1: whatever you emailed into Jesse at Jesse kellyshow dot com. 202 00:12:21,200 --> 00:12:23,280 Speaker 1: So we're talking about the debt and the debt crisis 203 00:12:23,120 --> 00:12:26,280 Speaker 1: and what does that actually mean? Because everyone talks about 204 00:12:26,320 --> 00:12:27,800 Speaker 1: the debt and the debt and the dead and there's 205 00:12:27,800 --> 00:12:29,200 Speaker 1: a crisis, So what does it mean? What does it 206 00:12:29,240 --> 00:12:35,080 Speaker 1: look like? Well, here's what happens. And here's what's coming. 207 00:12:35,120 --> 00:12:38,880 Speaker 1: And the wildest part about this, to me, I just 208 00:12:38,960 --> 00:12:42,280 Speaker 1: can't believe this. I can't believe this. What I'm about 209 00:12:42,280 --> 00:12:48,240 Speaker 1: to describe in general is coming. It's not like it 210 00:12:48,360 --> 00:12:53,480 Speaker 1: might come. It is coming. This debt crisis is coming. 211 00:12:53,800 --> 00:12:56,680 Speaker 1: When that I don't know exactly, because that will depend 212 00:12:56,760 --> 00:12:58,800 Speaker 1: on factors that I don't know, and you don't know 213 00:12:58,840 --> 00:13:02,680 Speaker 1: that nobody knows. But because none of these people will 214 00:13:02,679 --> 00:13:09,200 Speaker 1: cut spending, this is coming. So what happens when we 215 00:13:09,280 --> 00:13:13,520 Speaker 1: run into a serious debt crisis like we haven't before? 216 00:13:14,000 --> 00:13:15,880 Speaker 1: And why is it different? Now? Why is it going 217 00:13:15,960 --> 00:13:18,920 Speaker 1: to look different? Why like the two thousand and eight recession? 218 00:13:18,960 --> 00:13:21,520 Speaker 1: People remember the two thousand and eight recession? Why is 219 00:13:21,559 --> 00:13:23,400 Speaker 1: this any different than that? Well, okay, what does it 220 00:13:23,480 --> 00:13:28,480 Speaker 1: look like? First of all, let's understand who holds the debt? 221 00:13:29,160 --> 00:13:31,720 Speaker 1: A bunch of different people hold the debt. In fact, 222 00:13:31,760 --> 00:13:35,000 Speaker 1: we hold our own debt. China owns the debt, We 223 00:13:35,080 --> 00:13:37,240 Speaker 1: owe the debt, We own the debt, But a bunch 224 00:13:37,320 --> 00:13:42,839 Speaker 1: of people own the debt. It's alone. Remember, and when 225 00:13:42,920 --> 00:13:48,400 Speaker 1: you pay back alone, you pay interest. Now a huge 226 00:13:48,480 --> 00:13:54,439 Speaker 1: reason this is going to be a severe financial crisis 227 00:13:54,880 --> 00:13:58,840 Speaker 1: is because of the interest rates. When they bump interest 228 00:13:58,920 --> 00:14:02,839 Speaker 1: rates up as they have. When they bump rates up, 229 00:14:03,160 --> 00:14:06,760 Speaker 1: it doesn't just affect you and me. It's not just 230 00:14:06,960 --> 00:14:10,600 Speaker 1: you and your thirty year old mortgage. Those interest rates 231 00:14:10,600 --> 00:14:13,960 Speaker 1: are also applicable to the government, who has to make 232 00:14:14,000 --> 00:14:18,079 Speaker 1: the payments. So we're at a time when the debt 233 00:14:18,360 --> 00:14:21,680 Speaker 1: is growing so fast because there's so much of it, 234 00:14:22,280 --> 00:14:26,560 Speaker 1: and then the interest rates are going up, so everything 235 00:14:26,760 --> 00:14:31,080 Speaker 1: is snowballing at the same time, causing this debt crisis 236 00:14:31,120 --> 00:14:33,160 Speaker 1: to explode so quickly. That's why it's coming up on 237 00:14:33,240 --> 00:14:35,600 Speaker 1: us so fast. It's just rushing up on us right now. 238 00:14:35,600 --> 00:14:37,920 Speaker 1: And again, these are facts. This is coming. These are 239 00:14:37,960 --> 00:14:42,760 Speaker 1: coming now. We can't pay the bills now, we can't 240 00:14:42,800 --> 00:14:45,480 Speaker 1: right now, but when we can't, And that's that's what 241 00:14:45,520 --> 00:14:48,120 Speaker 1: I mean when I say crisis. When the day comes 242 00:14:48,720 --> 00:14:50,480 Speaker 1: that we have a moment. And I don't know if 243 00:14:50,480 --> 00:14:52,560 Speaker 1: you've ever had one of these moments. I have had 244 00:14:52,600 --> 00:14:55,520 Speaker 1: these moments in my life where I'm looking at bills 245 00:14:55,920 --> 00:15:00,600 Speaker 1: and I'm looking at my bank account and something getting paid, 246 00:15:02,120 --> 00:15:05,440 Speaker 1: And that's one of the more devastating moments you'll ever have. 247 00:15:05,720 --> 00:15:07,840 Speaker 1: I hope you've never experienced it. I hope you never do. 248 00:15:08,360 --> 00:15:10,040 Speaker 1: If you have, you know what I'm talking about. You're 249 00:15:10,040 --> 00:15:14,120 Speaker 1: nodding your head right now. It hurts, man, it hurts. Well, 250 00:15:14,120 --> 00:15:16,880 Speaker 1: what do you do if you're a nation when that happens? Hey, 251 00:15:17,160 --> 00:15:21,760 Speaker 1: oh guys, oh, I know we owe you some bar checks, 252 00:15:22,160 --> 00:15:25,440 Speaker 1: but we are flat out of money. Well, let's go 253 00:15:25,520 --> 00:15:29,640 Speaker 1: over option number one. This is the absolute worst option, 254 00:15:30,080 --> 00:15:33,160 Speaker 1: and it is the option nations have chosen time and 255 00:15:33,200 --> 00:15:39,600 Speaker 1: time again when they go into this situation. War nations 256 00:15:39,640 --> 00:15:43,080 Speaker 1: will go to war. When they find themselves in a 257 00:15:43,200 --> 00:15:48,520 Speaker 1: horrific debt crisis, you go to war. Oftentimes you will 258 00:15:48,560 --> 00:15:51,600 Speaker 1: go to war with the person holding your debt to 259 00:15:51,680 --> 00:15:55,720 Speaker 1: try to find some way around it. War also distracts 260 00:15:55,920 --> 00:15:59,240 Speaker 1: the general public from their state of misery. And this 261 00:15:59,280 --> 00:16:02,480 Speaker 1: is not an American thing. The history of the world 262 00:16:02,560 --> 00:16:05,440 Speaker 1: was this way. Did you know when Julius Caesar got stabbed, 263 00:16:06,040 --> 00:16:09,800 Speaker 1: did you know that he was planning an invasion of Parthia. 264 00:16:10,480 --> 00:16:14,480 Speaker 1: He was planning a foreign invasion for virtually no reason whatsoever. 265 00:16:14,480 --> 00:16:17,200 Speaker 1: They weren't having problems with the Parthians at the time, 266 00:16:17,280 --> 00:16:19,920 Speaker 1: they'd had some tension in the past, but he was 267 00:16:20,240 --> 00:16:21,560 Speaker 1: going to build up an army, and he was gonna 268 00:16:21,560 --> 00:16:25,360 Speaker 1: go invade. Why well, he had become this dictator and 269 00:16:25,840 --> 00:16:29,880 Speaker 1: very very popular. But then his popularity began to wane 270 00:16:29,920 --> 00:16:31,880 Speaker 1: and began to wane, and began to wane and began 271 00:16:31,920 --> 00:16:36,120 Speaker 1: to wane. And as his popularity got into freefall, Julius 272 00:16:36,120 --> 00:16:38,760 Speaker 1: Caesar figured, oh, we need a war. Got to get 273 00:16:38,800 --> 00:16:43,880 Speaker 1: those numbers back up. Nations will go to war in 274 00:16:43,960 --> 00:16:48,400 Speaker 1: a financial crisis. They will slaughter untold numbers of their 275 00:16:48,520 --> 00:16:52,360 Speaker 1: citizens in order to avoid ever having to own up 276 00:16:52,360 --> 00:16:54,920 Speaker 1: to what they're doing. So let's let's cross that out. 277 00:16:55,400 --> 00:16:58,920 Speaker 1: Just know that that's a real possibility. War one of 278 00:16:58,920 --> 00:17:01,480 Speaker 1: the ones that scares me the mos. Okay, let's say 279 00:17:01,480 --> 00:17:03,360 Speaker 1: that one's gone. Let's say we don't go to war 280 00:17:04,400 --> 00:17:09,720 Speaker 1: and we can't pay the bills. The things around us 281 00:17:10,320 --> 00:17:13,680 Speaker 1: change in a way that we are definitely not ready for, 282 00:17:13,760 --> 00:17:16,720 Speaker 1: which is what will make this horrible. You see, when 283 00:17:16,760 --> 00:17:20,480 Speaker 1: your country has to start doing austerity measures. You've seen 284 00:17:20,520 --> 00:17:23,399 Speaker 1: this little glimpses of this and other in places like 285 00:17:23,440 --> 00:17:28,800 Speaker 1: Greece and otherwise. Austerity, when your country has to start 286 00:17:29,040 --> 00:17:34,399 Speaker 1: slashing programs that are quote guarantees or thought of as 287 00:17:34,520 --> 00:17:40,280 Speaker 1: being always there. The snowball effect of that alone, and look, 288 00:17:40,320 --> 00:17:41,600 Speaker 1: I've got a whole bunch of things. I'm going to 289 00:17:41,680 --> 00:17:45,040 Speaker 1: go through. The snowball effect of that alone goes through everything. 290 00:17:45,080 --> 00:17:52,680 Speaker 1: What kind of slashing social security? How many Americans are 291 00:17:52,720 --> 00:17:56,960 Speaker 1: on Social Security? And when I say slashing social security, 292 00:17:57,800 --> 00:18:00,440 Speaker 1: keep in mind, I'm not talking about the little kicking 293 00:18:00,480 --> 00:18:02,920 Speaker 1: the can down the road things they do. Now, well, hey, 294 00:18:03,000 --> 00:18:06,760 Speaker 1: should we raise the age by a year? Guys? No, 295 00:18:07,359 --> 00:18:11,040 Speaker 1: I mean your Social Security check shows up and it's 296 00:18:11,200 --> 00:18:14,280 Speaker 1: half of what it was the month before because the 297 00:18:14,320 --> 00:18:20,760 Speaker 1: money's gone. You show up for Medicaid Medicare they tell you, 298 00:18:20,840 --> 00:18:24,240 Speaker 1: ooh mmm, yeah, no, we don't. We don't cover those 299 00:18:24,280 --> 00:18:29,440 Speaker 1: cancer treatments anymore. Way too expensive. And then look, let's 300 00:18:29,480 --> 00:18:31,560 Speaker 1: go from there. Look this is gonna take a minute. 301 00:18:31,640 --> 00:18:33,800 Speaker 1: Let's talk about what this looks like for you, what 302 00:18:33,840 --> 00:18:37,520 Speaker 1: this looks like for me. Maybe after all this talk, 303 00:18:37,560 --> 00:18:40,600 Speaker 1: you're gonna have trouble sleeping tonight. If that's the case, 304 00:18:41,440 --> 00:18:44,520 Speaker 1: you need to get a MyPillow two point zero. When 305 00:18:44,560 --> 00:18:46,320 Speaker 1: I think about the dead, I sit there and I 306 00:18:46,400 --> 00:18:49,760 Speaker 1: toss and I turn, and then I think, man, this 307 00:18:49,840 --> 00:18:52,760 Speaker 1: pillow is so soft and comfortable and this. My pillow 308 00:18:52,760 --> 00:18:55,719 Speaker 1: two point zero has this temperature regulating thread in my 309 00:18:55,720 --> 00:18:57,760 Speaker 1: My ears aren't hot, and I don't have to flip 310 00:18:57,800 --> 00:19:00,119 Speaker 1: the pillow over. Wouldn't it be nice to have a 311 00:19:00,160 --> 00:19:03,000 Speaker 1: pillow as cool as I am? That's the MyPillow two 312 00:19:03,000 --> 00:19:06,320 Speaker 1: point zero. The pillow is cool as Jesse. What you 313 00:19:06,359 --> 00:19:07,760 Speaker 1: have to do to get this is you have to 314 00:19:07,800 --> 00:19:10,440 Speaker 1: go to my pillow dot com, click on the radio 315 00:19:10,480 --> 00:19:14,120 Speaker 1: listener special square and use the promo code Jesse because 316 00:19:14,119 --> 00:19:16,560 Speaker 1: there's a huge sale. They're normally seventy nine ninety eight 317 00:19:16,600 --> 00:19:18,440 Speaker 1: the Queen size ones. Right now they're thirty nine to 318 00:19:18,520 --> 00:19:23,040 Speaker 1: ninety nine My pillow dot Com Radio listener Special Square 319 00:19:23,119 --> 00:19:27,639 Speaker 1: promo code Jesse. Or call eight hundred eight four five 320 00:19:28,240 --> 00:19:32,200 Speaker 1: zero five four four the greatest pillow ever. So you'll 321 00:19:32,200 --> 00:19:35,200 Speaker 1: have a great night's rest even as the nation collapses 322 00:19:35,240 --> 00:19:38,119 Speaker 1: from debt. How about that. Let's continue to expand on 323 00:19:38,200 --> 00:19:46,720 Speaker 1: this next Jesse Keilly. It is the Jesse Kelly Show 324 00:19:46,920 --> 00:19:50,920 Speaker 1: on a Friday and ass Doctor Jesse Friday going over 325 00:19:50,960 --> 00:19:53,199 Speaker 1: the debt. Someone's asking what are the implications, what does 326 00:19:53,240 --> 00:19:55,399 Speaker 1: it mean? What does it mean for the normal person? 327 00:19:55,440 --> 00:19:57,280 Speaker 1: And we're covering that right now because people don't ever 328 00:19:57,320 --> 00:20:00,720 Speaker 1: cover that, probably because it's long and comp and people 329 00:20:00,760 --> 00:20:02,399 Speaker 1: just kind of want to move on. Well, it's really bad. No, 330 00:20:02,520 --> 00:20:05,040 Speaker 1: let's talk about it. Okay, so we're talking about what 331 00:20:05,240 --> 00:20:10,440 Speaker 1: happens that crisis gets here. What happens? Nation must start 332 00:20:10,480 --> 00:20:13,960 Speaker 1: slashing not an option anymore, No more of these fluffy meanings. 333 00:20:13,960 --> 00:20:16,880 Speaker 1: Oh my gosh, it's Kevin McCarthy's still going to be speaker. 334 00:20:16,960 --> 00:20:20,120 Speaker 1: I'm so stressed. No, no, no, no, no, no, it's emergency 335 00:20:20,200 --> 00:20:24,080 Speaker 1: meeting time. Everything gets slashed and burned. We started out 336 00:20:24,080 --> 00:20:26,199 Speaker 1: with social Security Medicare, but I don't want to gloss 337 00:20:26,280 --> 00:20:28,520 Speaker 1: over that. Let's talk about what that means and what 338 00:20:28,560 --> 00:20:31,600 Speaker 1: it may mean beyond just what it means for you personally. 339 00:20:31,640 --> 00:20:35,000 Speaker 1: If you're taking social Security, Okay, what happens if they 340 00:20:35,040 --> 00:20:38,920 Speaker 1: cut social Security by fifty percent, by a third? Your 341 00:20:39,000 --> 00:20:43,040 Speaker 1: check a third smaller, smaller. Well, what that's going to 342 00:20:43,080 --> 00:20:48,280 Speaker 1: do is how many old people who are on Social 343 00:20:48,320 --> 00:20:51,920 Speaker 1: Security are going to no longer be able to make 344 00:20:52,160 --> 00:20:56,119 Speaker 1: ends meet and pay their bills with that much of 345 00:20:56,160 --> 00:20:58,399 Speaker 1: a reduction and their social Security check. It will be 346 00:20:58,400 --> 00:21:01,119 Speaker 1: a lot, it will be a significant number. So what 347 00:21:01,160 --> 00:21:08,560 Speaker 1: do they do? Well, now, they're leaving their apartments, they're 348 00:21:08,600 --> 00:21:15,560 Speaker 1: selling their homes, they're pulling themselves out of commerce because 349 00:21:15,600 --> 00:21:19,480 Speaker 1: they don't have the money for commerce anymore, and they're 350 00:21:19,520 --> 00:21:24,040 Speaker 1: retreating to wherever they can retreat. It'll look like older 351 00:21:24,080 --> 00:21:26,879 Speaker 1: folks moving back in with their kids. It'll look like 352 00:21:27,560 --> 00:21:34,000 Speaker 1: fewer apartments rented, fewer homes own, fewer grocery spot just 353 00:21:34,040 --> 00:21:38,840 Speaker 1: fewer everything, but fewer less money flowing through the system. 354 00:21:38,920 --> 00:21:43,040 Speaker 1: This is one tiny aspect of what it means when 355 00:21:43,040 --> 00:21:46,880 Speaker 1: a debt crisis gets here. Less money flowing through the system. 356 00:21:47,160 --> 00:21:49,320 Speaker 1: That in and of itself, we could do an entire 357 00:21:49,359 --> 00:21:52,800 Speaker 1: show on what does that mean when less money starts 358 00:21:52,800 --> 00:21:56,159 Speaker 1: flowing through the system. It's all bad. Okay, that's just 359 00:21:56,240 --> 00:21:58,760 Speaker 1: a Social Security portion of it, and I didn't even 360 00:21:58,800 --> 00:22:01,119 Speaker 1: go all the way in depth there. Let's deal with 361 00:22:01,160 --> 00:22:05,160 Speaker 1: the Medicare portion of it. What happens there, What happens 362 00:22:05,400 --> 00:22:10,359 Speaker 1: when hospitals, these insurance companies, when they start refusing Medicare, 363 00:22:10,480 --> 00:22:13,240 Speaker 1: When Medicare has to adjust and pay for a whole 364 00:22:13,280 --> 00:22:15,720 Speaker 1: lot less than it's paying. Now, let's just call it half. 365 00:22:16,320 --> 00:22:18,920 Speaker 1: Medicare covers half of what it covers. Now, again, you're 366 00:22:19,119 --> 00:22:21,879 Speaker 1: that much poorer, you're that much more out of pocket, 367 00:22:22,119 --> 00:22:26,040 Speaker 1: or you seek even less medical care because you can't 368 00:22:26,080 --> 00:22:30,760 Speaker 1: afford it, and you die early. We will have This 369 00:22:31,440 --> 00:22:33,400 Speaker 1: is what happens in a nation. When a nation has 370 00:22:33,440 --> 00:22:37,760 Speaker 1: usterity measures. You will have a lower average age of living. 371 00:22:38,880 --> 00:22:43,480 Speaker 1: You will people will die more, and they'll die earlier. Scared, Yet, 372 00:22:44,640 --> 00:22:48,399 Speaker 1: are these arguments about who gets to be speaker at 373 00:22:48,440 --> 00:22:51,800 Speaker 1: the house? Are they looking smaller and smaller and less 374 00:22:51,840 --> 00:22:54,120 Speaker 1: and less important the more I talk here? They are, 375 00:22:54,200 --> 00:22:57,640 Speaker 1: aren't they? Okay? Well that was so security and Medicare, 376 00:22:57,680 --> 00:22:59,400 Speaker 1: and I could have spent a lot more time on that. 377 00:23:01,119 --> 00:23:07,160 Speaker 1: Let's talk about the pride of America, the United States military. 378 00:23:07,320 --> 00:23:10,240 Speaker 1: You and me, It doesn't matter how old you are, 379 00:23:10,800 --> 00:23:15,479 Speaker 1: have only ever known a nation where we can really 380 00:23:15,760 --> 00:23:21,160 Speaker 1: enforce our will if we really want to anywhere on 381 00:23:21,200 --> 00:23:24,840 Speaker 1: the planet, anywhere on the planet, if we want to, 382 00:23:25,640 --> 00:23:31,000 Speaker 1: if we have a financial interest in South Africa. Let's 383 00:23:31,040 --> 00:23:34,399 Speaker 1: say we have something in South Africa that's super important 384 00:23:34,440 --> 00:23:39,639 Speaker 1: to us, and any country on the planet decides they 385 00:23:39,680 --> 00:23:42,000 Speaker 1: want to come take that away from us, and they 386 00:23:42,119 --> 00:23:45,160 Speaker 1: send in some ships and submarines to take it away 387 00:23:45,160 --> 00:23:47,560 Speaker 1: from us. You're laughing, probably at the thought of it, 388 00:23:47,560 --> 00:23:50,080 Speaker 1: because it's so ridiculous. It would never happen. We'd send 389 00:23:50,080 --> 00:23:52,480 Speaker 1: a carrier group over there and we just blow all 390 00:23:52,520 --> 00:23:54,800 Speaker 1: of you out of the water. It would be a massacre. 391 00:23:56,200 --> 00:24:03,840 Speaker 1: Well what happens when you can't do that anymore, when 392 00:24:03,880 --> 00:24:09,000 Speaker 1: you don't have the stuff to do that anymore? I was, Uh, 393 00:24:09,760 --> 00:24:12,960 Speaker 1: I'm doing some reading right now on the Eastern Roman 394 00:24:12,960 --> 00:24:16,919 Speaker 1: Empire Western Roman Empire kind of when they split, and Uh, 395 00:24:17,520 --> 00:24:19,960 Speaker 1: I'm on a part right now where they're talking about 396 00:24:19,960 --> 00:24:22,679 Speaker 1: the Huns. You've heard of Attila the Hun. Obviously, the 397 00:24:22,760 --> 00:24:26,200 Speaker 1: Huns think about the Huns like you think about the Mongols. 398 00:24:26,480 --> 00:24:30,119 Speaker 1: Virtually identical people. They're an Asian step tried from the 399 00:24:30,160 --> 00:24:33,960 Speaker 1: Asian step. That whole Middle Russia mis miserable area out there. 400 00:24:34,200 --> 00:24:38,400 Speaker 1: They're nomadic horse archers, ferocious warriors. Anyway, the Huns start 401 00:24:39,000 --> 00:24:42,399 Speaker 1: tearing through the Roman Empire, and honestly, I know the 402 00:24:42,480 --> 00:24:47,200 Speaker 1: Romans deserved it, but it's sad to read the Huns. 403 00:24:48,160 --> 00:24:51,720 Speaker 1: They invade the Western Roman Empire and they're just burning 404 00:24:51,760 --> 00:24:55,600 Speaker 1: all these cities and just sacking the place in the Romans. 405 00:24:55,840 --> 00:25:00,119 Speaker 1: The mighty Romans, who have ruled the known world for 406 00:25:00,000 --> 00:25:06,840 Speaker 1: for a thousand years that they can't do anything about it. 407 00:25:06,840 --> 00:25:10,560 Speaker 1: It's honestly, it's pathetic to read, Hey, can we buy 408 00:25:10,600 --> 00:25:14,520 Speaker 1: him off? Can we give him some stuff so he'll 409 00:25:14,560 --> 00:25:18,240 Speaker 1: he'll leave us alone? The mighty Romans who took on 410 00:25:18,560 --> 00:25:26,160 Speaker 1: all comers reduced to begging Attila the hun for mercy. Well, 411 00:25:26,160 --> 00:25:30,399 Speaker 1: that's what happens when superpowers have to slash and burn 412 00:25:30,440 --> 00:25:34,960 Speaker 1: their military budget. I've never lived in that United States, 413 00:25:35,119 --> 00:25:39,879 Speaker 1: neither have you. You start talking austerity debt crisis because you 414 00:25:40,040 --> 00:25:44,720 Speaker 1: put yourself forty trillion dollars in debt. Bye bye aircraft carriers, 415 00:25:45,240 --> 00:25:50,080 Speaker 1: Bye bye fancy missiles. Oh we want a five hundred 416 00:25:50,080 --> 00:25:52,959 Speaker 1: thousand man standing army. How about we make that one 417 00:25:53,040 --> 00:25:55,320 Speaker 1: hundred thousand. The rest of you are fired. We can't 418 00:25:55,320 --> 00:26:01,640 Speaker 1: afford it. Oh, we're not near done. Let's discuss this 419 00:26:03,280 --> 00:26:08,000 Speaker 1: in a debt crisis. For us, we have to talk 420 00:26:08,040 --> 00:26:14,159 Speaker 1: about the dollar because the world has wanted Our enemies 421 00:26:14,160 --> 00:26:17,560 Speaker 1: have wanted to move off the dollar, off the dollar 422 00:26:17,640 --> 00:26:20,879 Speaker 1: being the world's reserve currency forever. They've wanted. But the 423 00:26:20,920 --> 00:26:24,640 Speaker 1: dollar has been so strong for decades it's always been 424 00:26:24,680 --> 00:26:28,159 Speaker 1: a pipe dream. So China and India and Brazil and 425 00:26:28,200 --> 00:26:30,480 Speaker 1: South Africa and all these countries. They can get together 426 00:26:30,520 --> 00:26:32,880 Speaker 1: and do this bricks thing all they want. Oh, it's 427 00:26:32,880 --> 00:26:35,399 Speaker 1: an alternative to the dollar. But as long as the 428 00:26:35,480 --> 00:26:39,000 Speaker 1: dollar's strong, the world's never going to move. Ah, forget 429 00:26:39,040 --> 00:26:42,000 Speaker 1: your bricks. What are you talking about. The day America 430 00:26:42,080 --> 00:26:44,840 Speaker 1: has to pick up the phone and dial some country 431 00:26:44,920 --> 00:26:47,240 Speaker 1: up that's holding our debt, and the day we have 432 00:26:47,359 --> 00:26:50,680 Speaker 1: to tell them, oh, those payments that are due, I'm 433 00:26:50,720 --> 00:26:53,600 Speaker 1: gonna be a little late. I just checked my account 434 00:26:53,600 --> 00:26:56,720 Speaker 1: and I'm gonna touch short, that country gets a whole 435 00:26:56,760 --> 00:27:01,199 Speaker 1: lot more receptive to the whole bricks thing. Well, a 436 00:27:01,240 --> 00:27:07,600 Speaker 1: debt crisis means the world moves from that dollar probably now. 437 00:27:08,680 --> 00:27:14,080 Speaker 1: That changes absolutely everything, and it changes it in a 438 00:27:14,119 --> 00:27:17,760 Speaker 1: way that is honestly, really really hard to think about 439 00:27:18,359 --> 00:27:23,720 Speaker 1: because of the personal debt Americans are piling on themselves 440 00:27:23,880 --> 00:27:27,800 Speaker 1: right now. If the world does move off of the dollar, 441 00:27:27,840 --> 00:27:29,880 Speaker 1: which this is not coming tomorrow, just keep in mind 442 00:27:29,920 --> 00:27:32,160 Speaker 1: this is stuff that comes with a debt crisis. If 443 00:27:32,200 --> 00:27:36,760 Speaker 1: the world does move off of the dollar, we will 444 00:27:36,800 --> 00:27:42,040 Speaker 1: all see prices skyrocket. That is what you need to 445 00:27:42,160 --> 00:27:45,840 Speaker 1: understand the world trading with the dollar. The dollar being 446 00:27:45,880 --> 00:27:51,720 Speaker 1: the world's reserve currency has has kept prices shockingly low 447 00:27:51,960 --> 00:27:55,760 Speaker 1: in this country. That has allowed us to live an 448 00:27:55,840 --> 00:28:01,320 Speaker 1: elevated standard of living that frankly, our debt prop doesn't warrant, 449 00:28:01,880 --> 00:28:05,600 Speaker 1: but that standard of living. Immediately, if the world moves 450 00:28:05,600 --> 00:28:08,960 Speaker 1: off the dollar, that standard of living goes right back 451 00:28:09,000 --> 00:28:11,880 Speaker 1: to where it is. What does that mean for all 452 00:28:11,920 --> 00:28:14,399 Speaker 1: of us? That means at a time when Americans have 453 00:28:14,600 --> 00:28:17,520 Speaker 1: less money in their savings than they've ever had, more 454 00:28:17,560 --> 00:28:20,720 Speaker 1: credit card debt than they've ever had, that means the 455 00:28:20,800 --> 00:28:25,359 Speaker 1: prices in their lives skyrocket. And I'm not just talking 456 00:28:25,359 --> 00:28:28,240 Speaker 1: about the twenty percent inflation. We've already had to endure 457 00:28:28,960 --> 00:28:33,439 Speaker 1: interest rates, home loans, car loans, TVs, food, you name it, 458 00:28:34,280 --> 00:28:38,240 Speaker 1: your poorer overnight like that at a time we could 459 00:28:38,240 --> 00:28:41,560 Speaker 1: not afford that. And there are a couple other aspects 460 00:28:41,640 --> 00:28:43,320 Speaker 1: to this. And then we're getting the heck offic because 461 00:28:43,360 --> 00:28:46,240 Speaker 1: this has been too long and too sad. Hang on, 462 00:28:47,920 --> 00:28:54,360 Speaker 1: Jesse Kelly returns next. It is that Jesse Kelly show 463 00:28:54,640 --> 00:28:58,000 Speaker 1: on an ass doctor Jesse Friday covering a debt crisis night. Now, 464 00:28:58,000 --> 00:29:00,320 Speaker 1: what does it look like? And we're going over a 465 00:29:00,440 --> 00:29:04,480 Speaker 1: drastically reduced standard of living a reduced military, the social 466 00:29:04,480 --> 00:29:07,160 Speaker 1: security checks that aren't coming. And this is coming at 467 00:29:07,200 --> 00:29:10,120 Speaker 1: a time where personal debt is at an all time high. 468 00:29:10,520 --> 00:29:14,840 Speaker 1: Housing already, we have this huge housing bubble where these 469 00:29:14,840 --> 00:29:17,400 Speaker 1: big corporations are buying up all the houses. There is 470 00:29:17,440 --> 00:29:19,920 Speaker 1: a chance I was dwelling on this yesterday when I 471 00:29:19,920 --> 00:29:23,360 Speaker 1: was driving to work. There's a chance my son's they're 472 00:29:23,400 --> 00:29:28,600 Speaker 1: thirteen and fourteen, will never own a home unless I 473 00:29:28,680 --> 00:29:33,960 Speaker 1: help them own a home. Man, Just wrap your mind 474 00:29:34,000 --> 00:29:38,000 Speaker 1: around that. What does it mean for the energy sector 475 00:29:38,280 --> 00:29:43,120 Speaker 1: in the country, a debt crisis? You see, if we 476 00:29:43,240 --> 00:29:47,400 Speaker 1: have a debt crisis, does do the dirty commis and 477 00:29:47,480 --> 00:29:51,400 Speaker 1: low TG piers finally step up and say climate change 478 00:29:51,480 --> 00:29:53,680 Speaker 1: is fake and we need to start drilling for oil 479 00:29:53,760 --> 00:29:56,360 Speaker 1: and coal now for the money. Of course they don't, 480 00:29:56,520 --> 00:29:59,120 Speaker 1: of course, how could they listen to these people. Do 481 00:29:59,160 --> 00:30:02,200 Speaker 1: you think in the face of a debt crisis, listen 482 00:30:02,280 --> 00:30:04,720 Speaker 1: to this person. Do you think this person is going 483 00:30:04,760 --> 00:30:05,680 Speaker 1: to back off? 484 00:30:05,760 --> 00:30:07,760 Speaker 4: Think about this from the respective of a company that 485 00:30:07,840 --> 00:30:11,160 Speaker 4: is thinking about locating a chip fabrication facility in this 486 00:30:11,240 --> 00:30:12,560 Speaker 4: country or in China. 487 00:30:12,640 --> 00:30:14,040 Speaker 1: You know what, I don't want to hear that stupid 488 00:30:14,080 --> 00:30:17,160 Speaker 1: coming again. That's the Commerce secretary talking about how climate 489 00:30:17,240 --> 00:30:24,760 Speaker 1: change is in everything energy inflation gets worse. That is 490 00:30:24,800 --> 00:30:27,800 Speaker 1: the one I was kind of saving. There are two 491 00:30:27,840 --> 00:30:30,280 Speaker 1: things I was saving for the end. Towards the end, 492 00:30:30,360 --> 00:30:32,040 Speaker 1: you know what. We'll get back to that in a second. 493 00:30:32,440 --> 00:30:36,720 Speaker 1: Services used to any federal services at all, maybe even 494 00:30:36,760 --> 00:30:40,560 Speaker 1: national parks. They'll shut them down on you. They will 495 00:30:40,680 --> 00:30:43,920 Speaker 1: shut them. Sorry, money's not there. Now, let's talk about 496 00:30:43,960 --> 00:30:47,760 Speaker 1: inflation and taxes. This might be the worst part of 497 00:30:47,760 --> 00:30:51,520 Speaker 1: a debt crisis, the debt crisis that's coming. We are 498 00:30:51,560 --> 00:30:55,040 Speaker 1: governed by evil people and morons. 499 00:30:57,480 --> 00:31:06,880 Speaker 2: I hope experience for the speaker has been one of 500 00:31:07,040 --> 00:31:08,280 Speaker 2: a personal revelation. 501 00:31:09,160 --> 00:31:15,120 Speaker 1: Yeah, these people, they're not going to put their heads 502 00:31:15,160 --> 00:31:20,080 Speaker 1: together and cut everything they've ever loved. They're going to 503 00:31:20,160 --> 00:31:24,240 Speaker 1: print more money, which will jack inflation through the roof 504 00:31:24,360 --> 00:31:29,040 Speaker 1: even more, and maybe even worse than that, they're going 505 00:31:29,080 --> 00:31:34,600 Speaker 1: to raise taxes on everybody. Oh no, the government needs money, 506 00:31:34,640 --> 00:31:38,360 Speaker 1: so at a time when we can ill afford any increase, 507 00:31:39,320 --> 00:31:46,120 Speaker 1: any extra expenditures, they're going to raise taxes on us. Essentially, 508 00:31:46,160 --> 00:31:49,560 Speaker 1: what a debt crisis looks like is your mother moving 509 00:31:49,640 --> 00:31:53,680 Speaker 1: back in with you while Iran pushes us around across 510 00:31:53,720 --> 00:31:59,080 Speaker 1: the globe and you your standard of living gets reduced 511 00:31:59,080 --> 00:32:05,160 Speaker 1: by fifty percent, fifty less food, fewer vacations, worse clothes, 512 00:32:05,720 --> 00:32:13,720 Speaker 1: fewer houses, cars. It's a huge world altering deal if 513 00:32:13,760 --> 00:32:17,560 Speaker 1: this debt crisis gets here. When you're alive and it's 514 00:32:17,600 --> 00:32:22,360 Speaker 1: getting here. Yeah, and again back to the people who 515 00:32:22,400 --> 00:32:26,320 Speaker 1: are currently in charge. Remember a lot of the people 516 00:32:26,360 --> 00:32:30,640 Speaker 1: who are running the government hate the country, and they'll 517 00:32:30,680 --> 00:32:35,120 Speaker 1: be excited about it. Listen to this. I applaud her 518 00:32:35,120 --> 00:32:38,360 Speaker 1: for putting it out because I love when they speak AOC. 519 00:32:39,600 --> 00:32:42,800 Speaker 1: The Bronx is very own AOC. She's talking about illegal immigration, 520 00:32:42,840 --> 00:32:45,840 Speaker 1: and she's talking about the wall. Listen to her when 521 00:32:45,880 --> 00:32:50,360 Speaker 1: she talks about this. Listen to her. Even illegal immigration, 522 00:32:50,600 --> 00:32:55,719 Speaker 1: even illegals pouring across our southern border, murdering, raping, taking 523 00:32:55,760 --> 00:33:00,360 Speaker 1: our jobs, destroying our financial system. For her, it's our fault. 524 00:33:00,440 --> 00:33:02,880 Speaker 3: I think it's a terrible idea. I think it's a 525 00:33:02,880 --> 00:33:07,240 Speaker 3: broken promise. But additionally, let's say you completely disagree on this. 526 00:33:08,200 --> 00:33:12,560 Speaker 3: You could build a great, big, trumpy wall on the 527 00:33:12,760 --> 00:33:15,000 Speaker 3: entire US southern border and it's still not going to 528 00:33:15,040 --> 00:33:18,360 Speaker 3: fix this problem. And I'll tell you why. The US 529 00:33:19,000 --> 00:33:25,000 Speaker 3: and US foreign policy is contributing to the displacement of 530 00:33:25,160 --> 00:33:28,760 Speaker 3: millions of people in South America to begin with, And 531 00:33:28,840 --> 00:33:31,840 Speaker 3: if we do not address the migrant crisis at its root, 532 00:33:32,760 --> 00:33:35,000 Speaker 3: it is still going to continue to be a problem. 533 00:33:35,400 --> 00:33:37,720 Speaker 3: And if you have the displacement of millions. 534 00:33:37,240 --> 00:33:41,040 Speaker 1: Of people, you see, it's our fault. Guys. When the 535 00:33:41,080 --> 00:33:44,640 Speaker 1: debt crisis gets here, who's going to be running the 536 00:33:44,680 --> 00:33:47,400 Speaker 1: government at the time, and are they going to be 537 00:33:47,600 --> 00:33:52,320 Speaker 1: upset that America is in a bad way? Pretty eye 538 00:33:52,360 --> 00:33:55,440 Speaker 1: opening stuff, isn't it when you sit and actually dig 539 00:33:55,480 --> 00:33:58,320 Speaker 1: in to what this stuff means and then you wrap 540 00:33:58,360 --> 00:34:01,080 Speaker 1: your mind around the time for of all this. 541 00:34:00,920 --> 00:34:05,080 Speaker 4: This a few days ago, CNBC's Rick Santelli predicted the 542 00:34:05,280 --> 00:34:09,360 Speaker 4: interest rates on the ten year bond could conceivably jump 543 00:34:09,400 --> 00:34:14,560 Speaker 4: to fourteen percent, up from today's already ruinous five percent. 544 00:34:15,160 --> 00:34:18,080 Speaker 4: If that happens, we could see something a lot bigger 545 00:34:18,080 --> 00:34:19,799 Speaker 4: than the two thousand and eight crisis. 546 00:34:20,160 --> 00:34:22,080 Speaker 1: Here's Rick, the worst case scenario. 547 00:34:22,360 --> 00:34:24,839 Speaker 4: We're treasury rate's going to go ten year. 548 00:34:25,080 --> 00:34:26,719 Speaker 3: I'd say in the next seven years, you should be 549 00:34:26,760 --> 00:34:28,760 Speaker 3: able to see thirteen and a half fourteen percent. 550 00:34:28,880 --> 00:34:37,160 Speaker 1: Yes, have you purchased your emergency three month food kit. Yet, look, 551 00:34:37,600 --> 00:34:40,680 Speaker 1: these things are real that we talk about. They're not 552 00:34:40,840 --> 00:34:44,040 Speaker 1: left right middle. It's not radio TV. It's not a 553 00:34:44,080 --> 00:34:47,960 Speaker 1: Republican thing, a Democrat thing. These are numbers. These are facts. 554 00:34:48,000 --> 00:34:51,839 Speaker 1: The numbers do not lie. These debt numbers are staggering 555 00:34:52,120 --> 00:34:55,120 Speaker 1: and they do not lie. What have you done to 556 00:34:55,239 --> 00:35:00,360 Speaker 1: make sure your family is ready for a financial crisis, 557 00:35:00,840 --> 00:35:05,920 Speaker 1: potentially world changing crisis? My patriots supply they've been selling 558 00:35:05,960 --> 00:35:08,600 Speaker 1: emergency three month food kids for a long time. They 559 00:35:08,640 --> 00:35:11,360 Speaker 1: have all these four and five star reviews for a reason. 560 00:35:11,719 --> 00:35:15,040 Speaker 1: This is a top notch company of patriots, and they 561 00:35:15,040 --> 00:35:18,239 Speaker 1: will ship it fast and free to your home. And 562 00:35:18,320 --> 00:35:21,120 Speaker 1: right now they're twenty five percent off at Prepare with 563 00:35:21,280 --> 00:35:26,600 Speaker 1: Jesse Kelly dot com. Prepare with Jesse Kelly dot com. 564 00:35:26,840 --> 00:35:29,279 Speaker 1: Now's the time everyone in your home needs one. You 565 00:35:29,320 --> 00:35:31,399 Speaker 1: want a little bit more motivation. One last thing, listen 566 00:35:31,440 --> 00:35:34,240 Speaker 1: to this. This is from I'm gonna give them credit. 567 00:35:34,280 --> 00:35:38,640 Speaker 1: This is from the Cobesi letter. This is just in. 568 00:35:39,680 --> 00:35:43,759 Speaker 1: The US added another thirty three billion of debt in 569 00:35:44,000 --> 00:35:50,160 Speaker 1: one day yesterday, bringing the two day total two days 570 00:35:50,719 --> 00:35:57,360 Speaker 1: three hundred eight billion dollars in two days since the 571 00:35:57,520 --> 00:36:01,000 Speaker 1: US debt crossed the thirty three trillion that was just 572 00:36:01,120 --> 00:36:06,239 Speaker 1: fifteen days ago. The US has added five hundred billion 573 00:36:06,360 --> 00:36:10,680 Speaker 1: dollars in debt. That's one point four billion an hour 574 00:36:11,120 --> 00:36:16,319 Speaker 1: for fifteen straight days. If the US debt borrowed over 575 00:36:16,360 --> 00:36:19,560 Speaker 1: the last two weeks alone was split by every taxpayer, 576 00:36:20,040 --> 00:36:24,000 Speaker 1: it would be three thousand dollars a person. Debt to 577 00:36:24,120 --> 00:36:28,879 Speaker 1: GDP is back above one hundred and twenty percent, while 578 00:36:28,920 --> 00:36:32,840 Speaker 1: we may see thirty four trillion in debt in a month, 579 00:36:33,440 --> 00:36:37,200 Speaker 1: and they finish off by saying, now, imagine what happens 580 00:36:37,840 --> 00:36:43,000 Speaker 1: if a recession hits. If a recession hits, and it 581 00:36:43,239 --> 00:36:47,040 Speaker 1: likely is to hit during this, we have got to 582 00:36:47,080 --> 00:36:49,640 Speaker 1: be ready. I told you all that. One so it 583 00:36:49,640 --> 00:36:51,640 Speaker 1: would bring it home for all of us, but two, 584 00:36:52,920 --> 00:36:57,080 Speaker 1: so we can make preparations man financially. Two it's more 585 00:36:57,120 --> 00:37:00,560 Speaker 1: than just food. Make preparations. I mean you have to 586 00:37:00,560 --> 00:37:05,319 Speaker 1: build a nuclear bunker in your yard. Make preparations for 587 00:37:05,440 --> 00:37:08,880 Speaker 1: some rocky times. Don't be running up those credit cards. 588 00:37:09,080 --> 00:37:13,200 Speaker 1: Stash some money, keep that money in your savings. Say 589 00:37:13,840 --> 00:37:16,960 Speaker 1: forget that new car for now. This applies to all 590 00:37:16,960 --> 00:37:20,640 Speaker 1: of us. All right, all right, Hillary Clinton thinks we 591 00:37:20,680 --> 00:37:23,520 Speaker 1: need reprogrammed what hang on,