Back to episode — Episode 2582 CWSA 08/30/24
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a little bit more about what happened when Hitler just said well how about we're not paying back the rest of the world ever so we're just defaulting. We're going to create our own money. We'll just act like that debt never happened. Somehow that worked didn't it? I don't know my history well enough to know if I'm talking crazy. Am I talking crazy? How many of you are aware again if somebody sees…
← Previous segment →government instruments? Who does that? Well you don't do that with your important money do you except very short term to make sure it doesn't disappear. It's not any kind of a long-term investment that makes sense except as a small part of your portfolio. So I just have a sort of a curiosity. Don't put this don't assume this as a recommendation so let me soften it a little bit. I'm not saying we should do it. I just have what I think are reasonable questions about what happens if we get to the point where it's just obvious it can't be paid back and we can't even afford and we can't afford the interest on it. If we could afford the interest we'd probably just keep going but we're close to not being able to afford the interest. At some point we're going to have a choice between two awful choices. Not paying back the debt or what? Just becoming a third world country with no money.
So here's what I'm introducing into the system. You better start thinking about what's going to happen because something's going to happen. It'll be the biggest thing that's ever happened not counting wars I guess. Yeah there won't be much bigger that will ever happen than whatever the heck we do with this debt. It will be really really big. Probably we'll be fine but whatever it is is going to be big. So get ready for it.
All right still waiting for the first economist to endorse the Harris tax plan. Has anybody seen it yet? Has anybody seen MSNBC with an economist just happen to be a Democrat saying this is a good plan this tax stuff will work out? I haven't. Have any of you? Even one. Can't find one economist to agree with Harris. No one. How many economists are there in the country do you think? 20,000 depending on how you count them as professional economists. Now I'm not talking about people who just have a degree in economics like me. I'm talking about somebody who's a working economist. They're getting paid to be an economist. 20,000 of them and MSNBC can't find one that can go on the air and say you know what you've been looking at this wrong. If you look at it in a smarter way this tax plan is great. Not one. Not one out of 20,000. And why is that not a story in its own? Why is it the story? Well we've got 20,000 professional economists and we don't have one that's willing to come on and say this is a good idea. That is a story. That you can't get one. How is that not a story? We shouldn't even be talking about the tax plan. We should talk about the fact that there's not one economist out of 20,000 who can come on the air and give you a positive idea about it.
All right you're following the story of that Brazil judge who keeps going after Musk to try to get he wants to get control of X basically to make sure that X can be censored the way Brazil's corrupt government would like to censor it. And Musk unlike the other platforms is resisting and so the pressure is on him and they're going after SpaceX's financial accounts in Brazil. So basically SpaceX won't get any more money from Brazil even though they have all these customers using Starlink. So Musk says that he's going to keep the service up and just make it free. So he doesn't have a mechanism to collect money from the people buying Starlink but he's not going to turn it off and the government can't turn it off because it's just plug in and go right. So that's a pretty baller decision by Musk that he'll just keep it on because he probably assumes that better communication is bad for the government of Brazil and good for him and he's right. So they can harm him financially and as he said often so you're going to threaten me financially. You did he not say that directly on a different topic. So yeah and it's smart. It's smart of him to make sure that's his brand. He's got to be the you brand because otherwise everybody will try to pressure him in every way they can. He's got enough businesses that there's always some lever they can put on it.
But it gets better. You ready for the good part? Two good parts. Number one how does the United States government let this pissant judge in Brazil, the United States and citizens within it and their company, Biden administration. This is one of those situations where you need to be a president of the United States. This is not about left versus right. This is Brazil. The Brazilian government is attacking a US citizen very publicly and some US companies that I consider quite important. If the United States can't protect us against this by threatening the end of Brazil like we'll surround you with warships and take away your economy you can't take our freedom of speech indirectly or even in your own country if you want to deal with the United States. What is going on here? Am I wrong that the role of the United States government largely is to protect US citizens from outside assault? This is a completely inappropriate assault by a country that should be one of our favored countries. Totally unacceptable. This is a complete failure of the US government and this has nothing to do with Democrat or Republican. This is just an attack. This is an attack on American business and American citizens. It's an attack and no response. Not a legal response not a threat not a statement. We should have a real president who stands in front of the country and says look here's the deal Brazil we have a lot of levers we're going to press them all. Back off. And that's not happening. Not only is it not happening again why is that not the story? The story is not just Musk against a judge in Brazil. The story is that the government of the United States took a pass. They're taking a pass while an American citizen is being attacked by a foreign entity threatened with jail and our government's taking a pass. Too busy with Ukraine. Too busy at the beach. Outrageous.
Gets better. Mike Benz is reminding us, well I didn't know it so I'm not being reminded but I'm hearing it for the first time, that the US State Department
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was very involved in making sure that Brazil had access to voting machines. Why would the US be so concerned that Brazil had access to voting machines? And apparently the US intervened with at least two different manufacturers of microchips to make sure that the voting machines for Brazil went higher on the priority so they could get chips for their voting machines. And then the CIA according to M…
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