Topic: Biden Budget

Emergency tanker planes were reportedly grounded in Los Angeles due to FAA flight restrictions imposed during President Joe Biden's visit. Despite the ongoing fire crisis, the Los Angeles fire budget was recently cut by $17.5 million while surplus gear continues to be sent to Ukraine. These actions are framed as part of the "Great Reset," a plan to destroy existing infrastructure to build a new globalist order on the ruins.

President Biden's proposed $7.3 trillion budget is criticized for its record tax increases and projected $3 trillion deficit. Dr. Elliott emphasizes the liquidity of bullion, noting that it can be easily converted to cash in any country. He warns that even funds held in IRAs are at risk during a banking collapse and advocates for moving retirement savings into physical precious metals.

Dr. Elliott criticizes President Biden's proposed $7.3 trillion budget, which he claims will add over $3 trillion to the national debt in a single year. He predicts that the Federal Reserve will be unable to lower interest rates due to persistent inflationary pressures, leading to a wave of defaults in the commercial real estate sector. The segment concludes with a final call for listeners to secure their assets through bullion at kepm.com.

President Biden unveiled a $7.3 trillion budget featuring $5.5 trillion in tax hikes and funding to fast-track asylum seekers. Separately, reports from Candace Owens regarding the gender of Emmanuel Macron's wife, Brigitte Macron, are discussed. These stories are linked to broader claims about the behavior of globalist billionaires and the nature of the ruling class.

The U.S. national debt has reached $34 trillion, with interest payments alone approaching $1 trillion annually. Dr. Elliott notes that in 2023, the government accumulated debt at a rate that tripled historical averages. He warns that when a nation's debt equals its GDP, it typically faces a currency collapse or a transition to a dictatorship, as seen in the Weimar Republic and Venezuela.

Dr. Kirk Elliott analyzes the Biden administration's budget, noting that 83% of federal revenue is now dedicated to mandatory programs like Social Security, Medicare, and welfare. When interest on the national debt is included, the total reaches nearly 100% of receipts, mirroring the economic conditions that led to the collapse of the Roman Empire. Elliott argues that when a nation's debt equals its GDP, a fundamental change in political structure or currency is historically inevitable.

A Pentagon medical report and US Navy documents show a 973% increase in heart failure among troops since the introduction of mandatory injections. Additionally, a congressional report indicates the Biden administration is spending $451 billion annually to provide benefits for illegal aliens and asylum seekers. These expenditures reportedly amount to upwards of $10,000 per month per individual.

President Joe Biden delivers a live address announcing an additional $800 million in security assistance to Ukraine, bringing the weekly total to $1 billion. The package includes 800 anti-aircraft systems, 9,000 anti-armor systems, and 7,000 small arms. The host mocks Biden's physical appearance and slurred speech, characterizing the event as a public display of a "mafia criminal gangster" laundering money through defense contracts.

The U.S. House of Representatives adopted the fiscal year 2022 budget resolution, which critics claim will cripple middle America and small businesses through trillions in tax increases over the next decade. Nancy Pelosi defended the $68 trillion spending plan as an investment in children, while opponents characterized it as stealing from future generations. John Bowne reported that the plan is designed to bankrupt the country into one-party rule.

The Democratic COVID relief bill is criticized for including $21,000 payments to federal employees whose children's schools remain closed. The segment also reports on a 100% increase in illegal border crossings in January 2021, alleging that the Biden administration is busing untested migrants across the country via Greyhound. Global defense spending is noted to have increased to $1.83 trillion during the pandemic.