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DEBT – WHY IT’S SO IMPORTANT

DEBT – WHY IT’S SO IMPORTANT

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Darrell Castle endeavors to explain why he thinks debt is the worst, most unsolvable problem we face as everything we call a standard of living hangs in the balance. Transcription / Notes DEBT—WHY IT’S SO IMPORTANT Hello, this is Darrell Castle with today’s Castle Report. Last week I mentioned that debt is the worst problem we face as a nation and I got some comments so this week I will endeavor to explain why I think debt is the worst, most unsolvable problem that we face and why I think that because of debt everything we have and everything we call a standard of living hangs in the balance. Sometimes we forget that in the 1990’s the federal government had a balanced budget, When Bill Clinton was president the federal government lived within its means but today it is $40 trillion in debt. So, what, many people say, because it doesn’t seem to affect them and after all they live in a nice home for which they have a 30-year mortgage. In the Clinton years the average age of first-time home buyers was in the 20’s but now it’s about 40. George w. Bush came along and decided we would be required to fight some of Israel’s enemies for then and so the debt started its out of control climb to the $40 trillion that it is today. Three fourths of the increase has been added since Obama took office and about $11 trillion or 28% since Trump took office.. In other words, it is accelerating because the U.S. has no way to fund it without borrowing more, a practice known as monetizing the debt or using more debt to pay debt otherwise known as a debt spiral. So, the problem in the private economy is inflation which is why gas was $1.25 in the 90’s and is about $4.00 in most places today. Inflation is caused by excessive money printing and excessive money in circulation which devalues all the money you make. If you make $85 thousand per year and do not get a raise for 10 years and there is no inflation you have not lost anything. When inflation doubles the price of necessities during that period you have lost a lot. People are starting to realize all that and it is causing some disturbing reactions especially among young people. They see the system as being gamed against them because some people are rich and they are not. No matter what they make they seem to barely get by, especially in New York, so when a charismatic leader comes along and says I will take from those bad rich people and give it to you they bite. They see the capitalistic system as bad and evil because they have not gotten theirs from it but that is exactly the wrong reaction. The system is broken but not because of a failure of design. It is broken because it has been perverted by a tiny group of globalist ruling elite who are not stupid. They see the entire system failing and on the brink of popping the bubble that props it up and they do not react by trying to fix it and restore soundness. No, the ever more feeble state doesn’t pull back and lick its wounds to heal. Instead, it becomes a predator extracting every last dollar from the system that it can. The entire post-war European model of a social state is no longer working, but the state and its ruling elite just keep looting and I suppose they hope we don’t notice. The system works like the old quote from George Carlin that we are all familiar with. “See, folks it’s a big club and you ain’t in it.” Well, I heard some former insider the other day say that George’s quote was spot on except today it should be amended to say that it’s a small club and you ain’t in it. A very small group of people run the world this man was saying and they see what is happening and it terrifies them. They know the debt will never be dealt with and will never be paid. They don’t think the deficit will ever again be reduced to zero so they see the only hope as total control through surveillance of every person on the planet. This is accomplished through the widespread use of flock cameras among many other things. The newspaper reports that there are over 1000 flock cameras in my city of Memphis. Total surveillance allows those in control to monitor us and act if we get too uppity. Central bank digital currency will be the primary method of dealing with all the debt the U.S. carries and with the growing dissatisfaction of people with consumer debt they can’t live without. The ruling elite first make debt slaves of us all and finally they start to sense chaos and perhaps revolution in the air and they have to do something. Publicly they have their bread and circus to pacify us but privately they have other methods. The people continue to elect what turns out to be the worst people in the country. The state has lost its fear of you or what you think about what it is doing. Let me give you an example by going back to the beginning. The founders designed a system whereby it took the will of the majority of the people’s representatives sitting in Congress to send the nation to war. The...
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