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Caller David Says The End Is Near And The Bottom Will Fall Out Of America

Mandeville, LA – Exclusive Transcript – Folks, if you’re wondering what he’s talking about, here’s what happens. The borrowing authority is granted by lifting the so-called debt ceiling. Where does the money come from? Do you just print it off? That’s one way that you could do it. What generally happens is the Treasury Department tells all their buddies on Wall Street: We’re going to issue $110 billion in Treasury notes. Check out today’s transcript for the rest…
22
October 2013

The U.S. Has Been Defaulting On Its Debt For Years And That’s Not Changing Anytime Soon

Mandeville, LA – Exclusive Transcript – If we go back to October the 11th, interview given by James Grant of Grant’s Interest Rate Observer, you would have found this posted at the Washington Compost under the headline “Has The United States Ever Defaulted?” Grant’s answer is: Yes, and it’s going to default again; it’s inevitable. Check out today’s transcript for the rest…
17
October 2013

Default Deschmalt – The Sun Will Rise, The Moon Will Shine, And The Debt Will Still Be There

Mandeville, LA – Exclusive Transcript – Anthony Sanders, our friend the economist at George Mason’s Mercatus Center has been blogging about this. I asked him for some charts yesterday and he put charts together. You can find them in today’s Pile of Prep under the headline “Confounded Interest,” what Sanders says about the shutdown. Check out today’s transcript for the rest…
17
October 2013
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What Did You Think Decreasing The Size And Scope Of Government Would Look Like?

Mandeville, LA – Exclusive Transcript – Again, I fail to see why anyone that participates in, advocates for, and has been dreaming about shrinking the federal leviathan, why you are not taking the chance or the opportunity to hit the ramparts, to dig yourself in, and to encourage those that have a vote or say-so in this to hold the line. Folks, this is the battle we’ve all been waiting for, isn’t it? What did you think it would look like? Check out today’s transcript for the rest…
09
October 2013
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Interview With Dwayne Stovall, U.S. Senate Candidate From Texas

Mandeville, LA – Exclusive Transcript – Let us go to the Dude Maker Hotline and say hello to one of the triad of candidates for the United States Senate for the 2014 elections that I personally know. This is Dwayne Stovall, TexansForStovall.com. Check out today’s transcript for the rest…
09
October 2013
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2 Comments

It’s Up To Congress Whether The U.S. Defaults

Mandeville, LA – Exclusive Transcript – Can I just be one of the few sane voices out here? The country is not going to default. It can’t default. It is not going to not make its interest payments. Besides, many of the interest payments are due to what entity? All this money, all the debt you’re hearing about that has to be repaid and whatnot, all of this is not going to China. Check out today’s transcript for the rest…
04
October 2013
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FHA And Student Loans Defaulting – When Will The Bubble Burst?

Mandeville, LA – Exclusive Transcript – Of course, ladies and gentlemen, there is no FHA, there’s you. You and me are the FHA. If somebody goes belly up on an FHA-guaranteed loan, guess who gets to pay it? Are you looking in your rearview mirror as you drive right now, friend? Give yourself a gold star and a pat on the back. Take another swig of coffee. Yes, that’s you. Happy? Check out today’s transcript for the rest…
01
July 2013
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3 Comments

Representative James White Of Texas Is Actually Doing Something

Mandeville, LA - Exclusive Transcript - Isn’t Representative White of Texas admitting that the state legislatures are in on the debt, and the state legislatures actively participate in running it up? They’re the ones that are spending the money. If you’re making contingency plans for what’s going to happen in the absence of borrowed federal money or manufactured money out of thin air, you then are admitting that you’re accepting the borrowed or manufactured money. Check out today's transcript for the rest...
22
January 2013