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cover of episode BONUS EPISODE | The Death of the Dollar | The Clay Travis and Buck Sexton Show

BONUS EPISODE | The Death of the Dollar | The Clay Travis and Buck Sexton Show

2024/4/9
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The Tucker Carlson Show

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Clay Travis和Buck Sexton讨论了美国巨额债务及其可能导致的严重后果,包括美元丧失全球储备货币地位、美国霸权的终结以及美国人民生活水平的下降。他们认为,美国政府目前的财政政策不可持续,两党都未能有效解决债务问题。他们还批评了政府向其他国家提供巨额财政援助的行为,认为这加剧了美国的债务负担。他们认为,除非民众感受到债务带来的痛苦,否则他们不会改变现状。他们还讨论了社会保障和医疗保险等福利制度的改革问题,以及这些改革可能面临的政治挑战。 Buck Sexton强调了纸币制度的历史表明,一旦货币失去内在价值,通货膨胀就会发生。他还指出,现有的政治机制无法有效解决美国债务问题,因为那些从中受益的人不会支持改革。他认为,美国政府的行为如同用信用卡进行慈善捐款,这是不合理的。他警告说,美国巨额债务最终可能导致美元无法继续发行,后果不堪设想。

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The discussion begins with Clay Travis and Buck Sexton addressing the potential consequences of foreign adversaries deciding to stop paying American debt, leading to the death of the dollar as the global reserve currency.
  • The U.S. is currently around $35 trillion in debt.
  • The dollar is the default currency for the world.
  • The potential collapse of the dollar could lead to the end of American dominance and a significant decrease in quality of life.

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What's up, tucker listeners. k. Travis, here from the clade chavez bx, sex and show like you were huge fans of tucker carlsson known him a long time. But personally and professionally, we always talk about how to get more people on team santi, the PPT masses who favour common sense over craziness. Hey.

this is box clay in our friend. Talker are exactly right. We want to rally the forces for good making sense in an insane world. That sounds like something you want to. We encourage you to subscribe to our podcast.

It's all about straight numbers, tuckers the truth, war or someone we want in our foxhole. But we want you in our foxhole too.

The more of us, the less of them. But how do you get them to see the light? You'll listen to talker.

You'll listen to us. Pretty easy, but also fun because we get into IT every day for three hours. Critical thinking never sounded so good. Subscribed to the clay and book podcast on the free I heart radio APP or wherever you get your podcast.

And if you haven't checked this out yet.

here's a sample of what you're here. Welcome tion of the clay travis and box sex on show podcast. But I wanted to talk about this because we mentioned IT yesterday, the senate has passed a ninety five point three billion dollar payment, your tax dollars, going to fund the border and protect the border of ukraine, 台 and israel。

Twenty two, I believe, is the number republican senators supported this bill is now moving on to the house. Yesterday I was reading, and I just want to ask you, I want all of you to think about, this is a broad idea. We are now thirty, thirty five trillion, roughly in debt.

When the tea party started at an, became an issue, we were at ten trillion dollars in debt. So we're averaging, adding about a trillion dollars here to our national debt. I saw a report from the congressional budget office.

I was reading about IT yesterday book that we are on pace to have a fifty four trillion dollar federal deficit a decade from now. And in my son is sixteen years old, is a soft Moore in high school, and he's just starting to study economics. And we were having this conversation recently, the dollar is the default currency for the world. What happens if suddenly our foreign adversary who owe trillions of dollars in american debt, what happens but if one day they just decide they're not gonna the debt that we are constantly issuing out there?

What what you're talking about is the death of the dollars, the global reserve currency and the end of american dominance in all respects, including our quality of life that we have gotten very used to in this country where we can be these massive consumers and and get deeply indeed. And IT doesn't really affect things for us. I mean, part of the problem is, yes, we complain in the economy is not as good now IT should be.

But you've spent some time in countries, i'm sure, where you see what real economic deformation looks like, a real economic reversal looks like. And IT is IT is a shocking thing that is a devastating thing to that nation. And I think that unfortunately, right now, we don't have a system that will allow us to turn around.

We don't have people who are willing to make decisions today that take the future into account. This is a function of math. Is there an interest ing? There are so many people who are much more concerned about climate IT seems than about the debt these days.

Yes, one of them is a real thing that is not a real problem, meaning climate is changing. IT is always changing. Yes, of course the changes, there's no real threat to human into us.

What soever? The other thing is a mathematical certainty that the dead burden will become so heavy that that will crowd out uh, other spending and IT will change the lives of the american people in future generations in ways that we would really hate to see. And that can, of course, leave social unrest, civil unrest, all kinds of other problems as well. But I can see here and talk about IT, and we can talk about where the debt was in the tea party era and two thousand and ten versus where IT is now.

I think IT was was ten years. Yeah, we've had in twenty five trillion in debt .

since the tea party. So you know, we talk about this and look a one way that trump hit ron dantis right away and was effective was, I want to to cut entitlements. Even among republicans, this is some real talk.

Even among republicans, you want to win, say you want to touch entitlement spending. You say you won't touch the retirement age. As long as that continues, where is going to get at me that for me, I don't want to be overly fatalistic about IT, but maybe maybe that's what i'm being.

Until people feel pain, they won't change. And the problem of this is once you start to feel the pain and the change is too little, too late, yeah, it's all too late. And this is where we are.

You know, think about that. A trump said, I won't touch your, you are security. I won't touch your medicare.

I won't touch entitlement spending. I won't touch A A retirement age. And that's a republican from outside the establishment.

And anyone who would run against him in this primary or know anyone who going forward is running as republican, they know they will lose if they say they want to touch those things. And you bring that up, down. People who say, clay, i've paid into this my whole life.

Medic, social security is fixed ble, and that's doable. You just make some change. You do a little bit of means testing for rich people, and you raise a retired age a couple of years.

You figure out when you do that, you get out the actuarial tables, not the end of the world. Medical care is a big problem because people say i've been paying into IT the average person. The average person takes out twice in medicare spending what they pay and do over the course of a lifetime.

And a vast majority of that spending comes in last six months of life yeah so we have to fix these things somehow but not you know you say you want to fix IT, you're a bad person. You say you want to change IT even when I will get another, when you know some point working on medicare too. I wanted to be there and I wanted to be a functioning program for people, but I don't know. And we sit here, we talk about a look at this foreign ending we're doing.

Why are we going that? Why are you give me any these countries?

And the notice, is there anyone who has been more vocally in support of israel? IT will period, but also since october cement th, and we have been on the show. I don't think I can tell there's a what do you mean you're talking israel is a wealthy country.

Why are we giving israel sixteen billion dollars? Why do we give you three billion dollars every year and it's not just israel. Why are we giving sixty billion dollars to ukraine? Why do we have the foreign a budget that we have in total? What are we are you getting for this?

I agree completely. And I think IT look, if you want to give to charity, because let's be honest, that's basically what we're doing here. Then most of you, if you run, run your household, you wouldn't go in debt to donate to charity.

In fact, your husband or wife, if you set down at the table and you said, hey, for part of our budget this year, I want to give five thousand dollars in charity on the credit card. Every single one of you out there would look at your spouse like they were absolutely insane if you wouldn't do in your household what the united states government is doing for our entire household. A book I don't see.

This is democrats. I don't see this is republican. I don't see this is independent to me, anyone voting to give a hundred billion dollars rounding up from ninety five or ninety six billion to foreign countries when we are thirty five trillion dollars in debt.

I think you're analogy with global warming is a really good one. One of the biggest issues in life. This is me giving you a little bit of ted talk, is most people fear things which in reality are not threat to them.

And you spend a lot of time being fearful of things that are never going to be an issue in your life. You and iron, in our forties, i've got three kids, sixteen, thirteen and nine. I'm building A B chase.

I've said before, I ain't worried about the rising oceans are right. Maybe it's going to be an issue for my beach. If so I was wrong. I deal with IT. I am insane, worried about the fact that at some point in my kids lives, maybe even some point in my life, we're gonna one hundred and trillion dollars in dead. And if you don't think that our adversary, aries out there are not planning on bank corrupting this country, everybody wants to talk about all.

There is a new threat from russia or there's a new threat from china the day the big looming ing asteroid that is aimed right for amErica that is in danger of a biliteral, this country is we're going to have fifty five trillion dollars in debt a decade from now. And then just the interest on our national debt is going to become soon the biggest single expenditure that this country has. This is a long this is long history.

There's a long history of this of a fios currency. Um you can go back and he even look at the usage of paper currency in know china over a thousand years ago. I mean, there's once they start printing IT in paper and once the money has no intrinsic value, is not backed by anything, what happens? Inflation happens.

And inflation, we all know what that does, particularly to those who don't hold assets. And then that the politics, this is the problem where in right now the political mechanism to check IT, even in a in a republic like ours, right? Even in in a system where the people who are suffering from the inflation, who are suffering from these decisions, other ones who are supposed to be able to make IT right, no one can win and get the power they need to solve the problem.

Because the person who says, keep eating those streets, they won't make you fat. Keep eating a whole choice cake every night. There's no problem with IT.

That person wins because they're appealing to the immediate and they're appealing to the sense that I get mine. I'm not worried about what comes down the line. That is what this is by partition in this country.

IT is the truth and you're not even really here. We're hopefully going like a president who's obviously far Better than you and downtown, not gna touch the debt. Anyone anyone take bets on that one.

Not gonna ch, the debt. He's going to spend a watches. Our trust spent six trillion dollars last year.

Office, everybody I know was covered. I know. Oh, we we can't blame trump for anything.

Look, I love the guy. I hope that he's going be president, but we're talking about the dead. No, this is the situation, folks. I don't men. I just a bomb on valentines.

I just, I think that s in so much with the failure that we have from our elected officials. We are we are thirty five trillion dollars in debt, and they are telling us its anti american. If we won't take out a hundred billion dollars in additional debt and send IT to foreign countries to protect their own border while our border is wide open.

And this, to a large extent in the senate, is bipartisan. And I just look at IT and I say no one would run their family finances like the united states government does. And just think about IT, if you donate cheries of fabulous thing to do, if you were donating five thousand dollars to charity on your credit card that you didn't have, and you were going to have to pay interest on that donation, none of you would do IT. And if you had a spouse that suggested that, you would tell them that they're crazy.

Well.

you is american.

Your analogy is, is actually people are are saying, hey, let's do something really nice for some other family. Let's do something really nice for some other family because it's going on someone else's credit card and that's where people don't realize it's actually our credit card is the credit the faith and credit of the american people. And we're all in IT together on the dollar. It's not even a partisan thing. I don't want the dollar or collapse for any of us because that collapses for all of us.

And also to then argue that if i'm opposed to that i'm not an american, that it's unamerican to be opposed to spending a hundred billion dollars on somebody else's border. If we had a budget surplus, that's a conversation we could have. We don't have a budget surplus.

In fact, i'm concerned that all of this is going to blow up one day. We're gona try to sell debt and they're going to be a buyer. And what happens then look out I mean, look out in a big way.