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Kevin Freeman: Breaking Down the Coming Debt Crisis - Five Undeniable Truths About Money
In this radio episode, host Tom Bodrovics invites Kevin Freeman to the show. Kevin is a Co-Founder of the NSIC, Host of The Economic War Room, Bestselling Author and Expert on Economic Warfare. Kevin shares his passion for restoring a monetary system based on gold and silver, known as 'pirate money.' He argues that historically, societies have recognized gold and silver as money until recently when they began treating them as commodities or investments.
Kevin then delves into economic warfare, explaining it as the use of economic means to undermine adversaries or enemies. He emphasizes its significance in today's world where economic power is wielded aggressively and sometimes arrogantly by both foreign and domestic enemies. He believes that elites aim to enslave economically through dependency on them.
The conversation then turns to the unsustainability of the debt-based monetary system, which Kevin sees as a form of enslavement due to the constant need to pay off debts. He presents five truths about America's current situation, starting with its unsustainable debt path. With federal debt at $35 trillion and rapidly growing, the interest alone costs between $1.4 to $1.75 trillion annually, nearly equal to half of all personal income tax receipts in the U.S.
Furthermore, Kevin explains the structure of the U.S. national debt, particularly its short maturities leading to substantial increases in interest payments despite potential lower interest rates. He criticizes both the Trump and Biden administrations for missing opportunities to issue longer-term debt during near-zero rate periods.
Mr. Freeman expresses concerns about the U.S.'s role as the issuer of the world's reserve currency and its use in economic wars. The potential danger lies in nations forming alternative trading blocks and removing the dollar's reserve status, which could weaken the U.S. economy significantly. He also discusses the historical precedent of using debt to influence foreign policy and inflation's disproportionate impact on the poor, leading to wealth disparity and potential social unrest.
The conversation then touches upon the potential weaponization of currencies by governments, specifically central bank digital currencies (CBDCs), which offer governments control over how their currency is used. Kevin advocates for the use of gold and silver as legal tender to maintain purchasing power and avoid potential taxation like fiat currency.
Lastly, Kevin discusses concerns about the Great Reset and its potential threat to individual freedoms through debt enslavement. By 2030, the World Economic Forum plans to implement changes such as controlling food through CBDCs and open borders. The speaker encourages asking questions and seeking truth in the age of information, criticizing attempts to suppress opposing perspectives and manipulate science for control.
Kevin concludes by advocating for a pirate money solution involving individuals holding their money in gold and silver at the state level, which cannot be interfered with by federal authorities based on court cases supporting real money. He encourages spreading awareness about the problem and solution.
Time Stamp References:
0:00 - Introduction
0:53 - Pirate Money
3:18 - Economic Warfare
7:40 - Debt Enslavement
11:49 - Debt Unsustainability
13:57 - Bonds & Long Term Debt
16:34 - Borrowing Vs. Printing
17:54 - Debt Servicing & Spending
20:13 - BRICS Vs. the Dollar
24:00 - Dollar Weaponization
28:34 - Inflation & Wealth Gap
33:39 - Fed's Purpose & Tool
38:19 - Exporting Inflation
43:15 - Inflation & CBDCs
50:50 - Metals Legal Tender?
55:23 - Great Reset Threat
58:38 - Truth & Perspective
1:02:19 - Currency Solutions
1:10:26 - Wrap Up
Guest Links:
Twitter: https://x.com/SecretWeaponUSA
Book: https://piratemoneybook.com
Website: https://economicwarroom.com
Podcast: https://piratemoneyradio.com
Kevin D. Freeman is a Co-Founder of the National Security Investment Consultant Institute (NSIC) and Partner, EWR-Media Holdings, LLC. He is the Host of Economic War Room with Kevin Freeman (BlazeTV), a NY Times bestselling author, and considered one of the world’s leading experts on the issues of Economic Warfare. He holds the CFA designation, and his research has been presented in critical DoD studies. He has briefed FBI, DIA, ONA, SEC, Naval War College, HASC, Naval Postgraduate School, DARPA, IARPA, and a host of government agencies tasked with protecting America as well as members of both the House and Senate and multiple Presidential candidates.
Kevin is a citizen of the Cherokee Nation and serves as Speaker of the Cherokee Community of North Texas; a Senior Fellow at the Center for Security Policy; former Contributing Editor to The Counter Terrorist magazine; Trustee at Oklahoma Wesleyan University; and a member of the Advisory Board of First Liberty Institute. His books include Secret Weapon: How Economic Terrorism took Down the U.S. Stock Market and Why It Could Happen Again (NY Times Bestseller), Game Plan: How to Protect Yourself from the Coming Cyber-Economic Attack (Amazon bestseller), and According to Plan: The Elite’s Secret Plan to Sabotage America (Amazon bestseller).
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