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Bongino: ‘There’s No Damn Money!’ – We Owe $70T More than Our Economy Produces and Just Took Out Another $3T

By Prep 101 Leave a Comment

By Craig Bannister –  cnsnews

 

“We’re bankrupting people, destroying the food supply, preventing people from going to the doctor to get cancer treatments – all in the name of public health,” conservative commentator and former Secret Service Agent Dan Bongino said Thursday.

Appearing on Fox News Channel’s “Hannity,” Bongino warned of the suicidal strategy of continuing to borrow money to fund the government-mandated shutdown of the economy over the coronavirus. “This isn’t real money…this is fake monopoly money,” because the U.S. already owes $70 trillion more than it produces annually, Bongino explained:

“America: listen and please listen good. I know the people who watch Fox have a lot of common sense, unlike any other network.

“There is no money. There is no damn money! There is no money. Our entire economy, everyone understand this, everybody: horse blinders. Look at me right now, I can see myself in the return, okay?

“Our entire economy produces about 22 trillion, 24 trillion in wealth in any given year. We owe all of that and about 70 trillion more in entitlements and just took out another three trillion we don’t have.

“You understand this isn’t real money, right? This is fake monopoly money. If you believe that money is an actual exchange of value: you work, you produce value, you get money. This is not money. This is fake money and remember what Friedman always warned: bad money always chases out good money.”

What’s more, Bongino said, the government’s refusal to reopen the economy appears to be based on politics, not science or public health, given that the number of coronavirus cases actually fell in a state that reopened and people in shutdown states are being prevented from buying food and going to the doctor:

“Look, I’m not going to attribute anybody bad motives, I can’t get into their heads.

“But, if this isn’t based on politics, what is it based on? Is it based on science because I thought you said it was about the data? Yet Georgia opened up and has seen 12% fewer cases.

“So, let me get this straight: we’re bankrupting people, destroying the food supply, preventing people from going to the doctor to get cancer treatments – all in the name of public health – when you have almost no evidence to back it up?

“Have you ever heard of externalities or side-effects? Because, apparently, the Democrats haven’t.”

 

Filed Under: Emergency Prep News, Emergency Survival Updates

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