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Mandeville, LA – Exclusive Transcript – “There are a couple of ways you can think about the national legislature’s debt.  One of the ways I suggest you think about it is that this is future pain.  That’s what it is, future pain, future misery, and future tyranny.  If there is an actual effort to pay the debt or to honor the commitments that make up part of the $222 trillion debt, that would then require a confiscation of private wealth and private property that today seems incomprehensible.”  Check out today’s transcript for the rest…

Begin Mike Church Show Transcript

[reading]

Sen. Rand Paul said the grassroots in America will “overwhelm” the federal government and President Barack Obama’s administration by signing up for his class action lawsuit against Obama himself over the National Security Agency (NSA) spying on American citizens.

[end reading]

Mike:  Just consider for a moment that what the effort is designed to do here is to exact a result that is constitutional.  Why would you need to exact a result that is constitutional in a constitutional system?  You would think that every action would be constitutional.  If you’re a lame-brain knucklehead, like so many are these days,

[private FP-Monthly|FP-Yearly|FP-Yearly-WLK|FP-Yearly-So76]

that thinks that anything that Congress does is constitutional, then problem solved, right?  Wrong!  This is why we have the manifestation of the leviathan government that we have today.  Most of what it does it should not be doing.  As I often point out here, and as H.L. Mencken, the great writer, pointed out about 100 years ago, and I’m paraphrasing: The American people vote for the government they want and they ought to get that government, and they ought to get it hard.

They’re going to get it hard, ladies and gentlemen, and no one seems to care.  Why is that?  It is because precisely it has been made invisible or made so that the effect of the government on the people is not immediately felt.  That’s what the debt is, ladies and gentlemen.  If you’re wondering, [mocking] “Mike, what’s with you and the rest of your buddies, all these complaints about the debt?  What’s the big hoop-dee-doo about the debt?”  I’ll tell you what the big hoop-dee-doo about the debt is.  The debt and the existence of the Federal Reserve, this is what makes the debt possible.

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There are a couple of ways you can think about the national legislature’s debt.  One of the ways I suggest you think about it is that this is future pain.  That’s what it is, future pain, future misery, and future tyranny.  If there is an actual effort to pay the debt or to honor the commitments that make up part of the $222 trillion debt, which is what the federal government has extended itself over the course of the next 60 years, if there’s an actual effort to honor those commitments and make good on all those debts, that would then require a confiscation of private wealth and private property that today seems incomprehensible.  I don’t think it’s incomprehensible at all.

Just imagine that the massive transfer of wealth that is occurring as a result of Obamacare, all you need are a couple more acts like that.  Someone was joking on the internet about the Affordable Golf Clubs Act.  You can take over the power industry or fuel generation industries by passing the Affordable Fuel Act.  Before you know it, you’ll have people saying: I wasn’t going to purchase electricity or fuel from this particular provider but now you have to, and it’s got to have this stuff in it.  Gee, this happens to be made by one of our campaign contributors.

After 18 months of no interest and no payments, young Evan then gets a bill in the mail from the Samsung Credit Corporation:  Your first payment is due and since you didn’t pay any of it back, we’re going to invoke the 28 percent interest clause.  You’ll find that in paragraph 17,434 on page 3,412 of the agreement you signed and initialed.  Remember that? 

 

There are all sorts of things, nefarious, devious, mischievous things left for this leviathan, for this government to do to extricate wealth from us that we can’t even comprehend of today.  I’m not telling you that these people are very smart, I’m just telling you that they’re very devious and they’ll hire smart people to figure out how to do this.

Look at the debt as future pain.  After all, today after the show, young Eric or young Evan are going to decide: You know what?  My mom and pop and my girlfriend, no one gave me that 100-inch Samsung television that I wanted.  Did either one of you get the 100-inch television?

Eric:  I didn’t.  I was hoping for one but I didn’t.

Mike:  Did Evan get the 100-inch television?

Eric:  He got the 20-inch television, he says.

Mike:  So you got shorted.

Eric:  Isn’t even HD.

Mike:  In order to make up for that, what you’re going to have to do is you’re going to have to go and get yourself a Samsung charge card or a Best Buy charge or whatever the case may be.  What you’re then going to do is: I’ll go buy my own 100-inch television.  By gum, I’m worthy of it.  I deserve it.  It’s a joy today.  It’s like government spending.  Whee!  Look at all the people that are benefitting from this money we borrowed.  This is fantastic!  We should do this every day.  (We do.)  Wait a minute, though.  After 18 months of no interest and no payments, young Evan then gets a bill in the mail from the Samsung Credit Corporation:  Your first payment is due and since you didn’t pay any of it back, we’re going to invoke the 28 percent interest clause.  You’ll find that in paragraph 17,434 on page 3,412 of the agreement you signed and initialed.  Remember that?  Yeah, you kind of owe us $612, and you owe 60 payments of that.  Thank you very much.  We’ll look for your check in the mail.  Wait a minute, I don’t have 612 extra bucks.  What am I gonna do?  I’ll have to go out and get an extra job.  Or if Evan had been putting chicken in his Raman noodles, sorry to say, old boy, you’ll have to do without the chicken for 60 months.

Eric:  Even the chicken flavoring?

Mike:  You can have the flavoring, you just can’t have the actual chicken.  You can’t afford it.

Eric:  Oh, thank God!

Mike:  What will now transpire, now young Evan gets to experience the pain of borrowing that money because he has to pay it back.  This is what the government and governments are doing.  They are delaying the pain.  Folks, I’m sorry to tell you, all of us will feel some of this pain.  For me, I don’t think it’s going to be painful, or not in the manner that I’m describing it, because I don’t think they’re going to try to honor it.  There are other ways to get out of it.  They’re all equally destructive, but I don’t think they’re going to try to honor it.  There will be a reckoning, there has to be.  These are laws and you can’t change the laws of economics.  There will be a reckoning.  That is what the future holds.

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The reason that the general government is able to do the things it’s doing and get away with so much is because they are not causing immediate pain but they have immediate and immense power thanks to the printing power or the currency fabrication and quantitative easing and all these other things the Federal Reserve has enabled.  These are all related.  This is why the NSA and all these other agencies can exist.  This is why we have Coast Guard cutters breaking ice for tree huggers down in the Antarctic.  This is why we have exercises with the Thailand Air Force being scheduled for next month, as one example.  This is why we have all these meddlings in the rest of the world with our military.  This is why there are crop subsidies that you can’t imagine the dollar amount of.  They seemingly just continue to happen, and we continue to be taxed and indebted in the future for.

All of these things are related.  The amazing thing, folks, whether we’re talking about Edward Snowden, whether we’re talking about the military, whether we’re talking about the crop subsidies, whether we’re talking about unemployment benefits, it doesn’t matter what the subject matter is.  They are all made possible by the debt.  All of it, every single stitch of it is made possible by the debt.  The general legislature borrows 46 cents out of every dollar that it spends.  How long can you continue to do that?  Here’s another question.  [/private]

For those of you that are steaming into work today somewhere in or around Mordor on the Potomac River, this includes some of you in the military, do you really think that your 20 years of service and the $1.2 million retirement package they promised you after your 20 years of service, do you really think there’s an economic tax model that supports that?  If you do, please send it to me.  I’d like to see it.

End Mike Church Show Transcript

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