1 00:00:00,080 --> 00:00:06,240 Speaker 1: Let's talk about the US debt spiral alarming that I 2 00:00:06,360 --> 00:00:06,960 Speaker 1: want to get. 3 00:00:08,039 --> 00:00:12,840 Speaker 2: I just want to ask a question, do okay like 4 00:00:13,200 --> 00:00:15,560 Speaker 2: not saying that he's a great president, because I'm arguing 5 00:00:15,600 --> 00:00:18,960 Speaker 2: that he may be less evil than Trump. So when 6 00:00:19,000 --> 00:00:22,400 Speaker 2: Bush left office, that's GDP was at thirty five. In 7 00:00:22,400 --> 00:00:24,640 Speaker 2: two thousand and nine, it was at eighty one point 8 00:00:24,680 --> 00:00:28,760 Speaker 2: five percent. Some animals say the normalized rate for the 9 00:00:28,880 --> 00:00:32,479 Speaker 2: debt to GDP ratio in twenty thirty five will be 10 00:00:32,520 --> 00:00:36,600 Speaker 2: three hundred per Do you think spending will ever come 11 00:00:36,600 --> 00:00:38,960 Speaker 2: back down or what's the new norm that we should 12 00:00:38,960 --> 00:00:40,720 Speaker 2: be facing, Because if we're going to be very honest, 13 00:00:41,320 --> 00:00:45,000 Speaker 2: the power of the dollars went away dramatically. Just in 14 00:00:45,040 --> 00:00:49,720 Speaker 2: our lifetime, spending power has decreased. Do you think we 15 00:00:49,760 --> 00:00:52,360 Speaker 2: ever get back to a normal cycle or do you 16 00:00:52,360 --> 00:00:55,960 Speaker 2: think the spiral continues off ever? And let's just talk 17 00:00:56,040 --> 00:00:58,680 Speaker 2: like it's us at dinner, no audience. 18 00:01:03,200 --> 00:01:07,760 Speaker 1: It's never gonna stop. Never will it stop? That I mean, 19 00:01:08,319 --> 00:01:09,840 Speaker 1: I don't want I know he was gonna say it, 20 00:01:09,880 --> 00:01:11,479 Speaker 1: so I didn't want to say it. Yeah, I don't 21 00:01:11,480 --> 00:01:13,480 Speaker 1: have that's what we do. 22 00:01:14,080 --> 00:01:19,000 Speaker 2: It's scary and the rate of acceleration is is just 23 00:01:19,120 --> 00:01:24,559 Speaker 2: post COVID like, well. 24 00:01:24,440 --> 00:01:26,600 Speaker 3: I think Ray Dally will put a post up, but 25 00:01:26,640 --> 00:01:28,800 Speaker 3: he said the New World orders already happening. It's already 26 00:01:28,800 --> 00:01:31,360 Speaker 3: in and we can call this in detail in Blackout 27 00:01:31,360 --> 00:01:32,760 Speaker 3: as well. But yeah, I mean, you know, we have 28 00:01:32,880 --> 00:01:36,720 Speaker 3: massive debt, starting another war just so you don't have 29 00:01:36,800 --> 00:01:39,160 Speaker 3: to release Epstein files. That's gonna be billions of dollars. 30 00:01:39,120 --> 00:01:40,880 Speaker 3: The amount of money that's gonna be spent on the 31 00:01:40,880 --> 00:01:44,000 Speaker 3: Iran debacle. That's gonna be another debacle for no reason. 32 00:01:45,480 --> 00:01:48,440 Speaker 3: You're just finding ways to spend money. China, when's the 33 00:01:48,520 --> 00:01:55,120 Speaker 3: last time China invaded the country? Put in chat Yeah, 34 00:01:56,040 --> 00:02:00,560 Speaker 3: when's the last time China has been engaged in a 35 00:02:00,680 --> 00:02:07,360 Speaker 3: in a war mm hmm or full fledged military operation 36 00:02:09,120 --> 00:02:11,639 Speaker 3: outside of the borders of China or inside the borders 37 00:02:11,639 --> 00:02:13,480 Speaker 3: of China? When was the last time? Is that that 38 00:02:13,480 --> 00:02:19,840 Speaker 3: that's happened? Because they're focused on building their economy and 39 00:02:19,880 --> 00:02:26,000 Speaker 3: we're focused on just doing completely idiotic things for no reason, 40 00:02:26,160 --> 00:02:29,360 Speaker 3: Like the Iran thing, that's really for that's not even that's. 41 00:02:29,160 --> 00:02:32,600 Speaker 1: For no reason. They have no nuclear capability. 42 00:02:32,639 --> 00:02:35,000 Speaker 3: You already ruined that their nucle capabilities and the only 43 00:02:35,000 --> 00:02:37,320 Speaker 3: reason why they even had the nuclear capabilities to begin with, 44 00:02:37,480 --> 00:02:40,560 Speaker 3: is because you renigged on the deal that was already 45 00:02:40,560 --> 00:02:43,560 Speaker 3: in place for them to de escalate the nuclear capabilities. 46 00:02:43,919 --> 00:02:46,840 Speaker 3: So you this doesn't even make any any sense at all. 47 00:02:46,880 --> 00:02:49,080 Speaker 3: They have you literally we already we already took care 48 00:02:49,080 --> 00:02:50,440 Speaker 3: of the nuclear situation in Iran. 49 00:02:50,440 --> 00:02:51,400 Speaker 1: Why are you even doing this? 50 00:02:52,040 --> 00:02:53,960 Speaker 3: It's going to be so much money spent, even if 51 00:02:53,960 --> 00:02:58,000 Speaker 3: there's no military boots on the ground, just to send 52 00:02:58,000 --> 00:03:00,880 Speaker 3: the ships over there is like a half a billion 53 00:03:00,919 --> 00:03:02,160 Speaker 3: dollar operation. 54 00:03:03,680 --> 00:03:09,800 Speaker 1: Trips new technology and Powell, yeah, yeah, it makes it. 55 00:03:09,880 --> 00:03:14,240 Speaker 3: Literally there's literally no reason for us to even be 56 00:03:14,280 --> 00:03:15,640 Speaker 3: thinking about Iran right now. 57 00:03:16,800 --> 00:03:24,960 Speaker 2: Well, there's a reasonable we can't tell what to you 58 00:03:25,080 --> 00:03:28,360 Speaker 2: five not on our goorth in and that we won't 59 00:03:30,680 --> 00:03:34,840 Speaker 2: in comparison, mm hmm, countries will load debt to GDP 60 00:03:35,080 --> 00:03:39,520 Speaker 2: Saudi Arabia twenty to twenty seven percent, Norway thirty percent, 61 00:03:39,960 --> 00:03:46,840 Speaker 2: Switzerland thirty to forty percent, Indonesia thirty nine percent to US. 62 00:03:46,880 --> 00:03:50,240 Speaker 2: Not just third world countries that have load dead to GDP. 63 00:03:51,280 --> 00:03:54,240 Speaker 2: Saudi Arabia and Switzerland has found a way to not 64 00:03:55,720 --> 00:03:58,920 Speaker 2: inflate their way and move their debt to GDP to 65 00:03:59,000 --> 00:04:01,920 Speaker 2: almost two hundred per sand, which is incredibly scary