BONUS EPISODE ｜ The Death of the Dollar ｜ The Clay Travis and Buck Sexton Show
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Summary
In this episode, Clay and Buck discuss the dramatic increase in the U.S. federal government's debt and what it means for the economy and the future of the world. They also discuss the impact of the border patrol bill that passed the Senate and is now moving through the House and the impact it could have on the economy. They also talk about why the Tea Party is still relevant and why we should all be worried about it. And, of course, they have a special guest, Tucker Carlson, on the show to talk about the end of American dominance as a global reserve currency and what that could mean for our economy and our ability to pay our debts. If you haven t checked out the show yet, here s a sample of what you'll hear on today's episode of The Clay & Buck Show: Buck's interview with Tucker on his new show, The Tucker Carlson Show on Fox News with Tucker Carlson. Subscribe to the show on the free iHeartRadio app or wherever else you get your podcasts. Thanks for listening and share the podcast with your friends and family! Clay & BK - The Clay and BK Show Podcast - Subscribe and Retweet! and Buck's YouTube channel: Click here to watch the full video version of this episode here. To find a list of our sponsors and show recommendations, go to gimlet.fm/TheClayandBuck Show? Learn more about our sponsorships and show-related promo codes, including best practices, best practices and promo codes for our listeners, and much more! Subscribe and subscribe to our upcoming episodes, including our upcoming releases, like us on Apple Podcasts, Podchaser, Podcoin, and our social media platforms! and we'll be giving you a chance to win tickets to our next big live show on Tuesday nights! Thank you for supporting us to attend our upcoming events and social media shoutouts! We'll be looking out for your comments and shoutouts on the next episode next week! ! Thanks again for listening to our new episodes! Cheers, Clay, BK & Buck, The Clay, Buck, and Buck, too! - Thank you, Tim, Tim, Tim & Tucker, too, - Tim, too much love, Cheers. - Your support is much appreciated! . - Cheers! - Your Support is so much more.
Transcript
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Clay Travis here from the Clay Travis Buck Sexton Show.
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Known him a long time, both personally and professionally.
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We always talk about how to get more people on Team Sanity,
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the untapped masses who favor common sense over craziness.
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We want to rally the forces for good, making sense in an insane world.
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Tucker's a truth warrior, someone we want in our foxhole.
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Pretty easy, but also fun, because we get into it every day for three hours.
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Subscribe to the Clay and Buck podcast on the free iHeartRadio app
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And if you haven't checked us out yet, here's a sample of what you'll hear.
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Welcome to today's edition of the Clay Travis and Buck Suxton show podcast.
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Buck, I wanted to talk about this because we mentioned it yesterday.
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Your tax dollars going to fund the border and protect the border of Ukraine, Taiwan, and Israel.
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Twenty-two, I believe, is the number Republican senators supported this bill.
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And I just want to ask you, I want all of you to think about this as a broad idea.
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When the Tea Party started and became an issue, we were at $10 trillion in debt.
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So we're averaging adding about $1 trillion a year to our national debt.
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I saw a report from the Congressional Budget Office.
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I was reading about it yesterday, Buck, that we are on pace to have a $54 trillion federal deficit
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The dollar is the default currency for the world.
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What happens if suddenly our foreign adversaries, who own trillions of dollars in American debt,
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what happens, Buck, if one day they just decide they're not going to buy the debt
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What you're talking about is the death of the dollars, the global reserve currency,
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and the end of American dominance in all respects, including our quality of life
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that we have gotten very used to in this country, where we can be these massive consumers
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I mean, part of the problem is, yes, we complain the economy is not as good now as it should
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be, but you've spent some time in countries, I'm sure, where you see what real economic
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deformation looks like or real economic reversal looks like.
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And I think that, unfortunately, right now, we don't have a system that will allow this
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We don't have people who are willing to make decisions today that take the future into account.
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There are so many people who are much more concerned about climate, it seems, than about
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One of them is a real thing that is not a real problem, meaning climate is changing.
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It bears no real threat to humanity and to us whatsoever.
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The other thing is a mathematical certainty that the debt burden will become so heavy that
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it will crowd out other spending and it will change the lives of the American people in future
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generations in ways that we would really hate to see.
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And that can, of course, lead to social unrest, civil unrest, all kinds of other problems
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But I can sit here and talk about it and we can talk about where the debt was in the Tea
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We've added 25 trillion in debt since the Tea Party.
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So, you know, we talk about this and look, you know, one way that one way that Trump hit
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Ron DeSantis right away and it was effective was Ron wanted to cut entitlements even among
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Even among Republicans, you want to win, say you won't touch entitlement spending.
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As long as that continues, we're just going to get.
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I don't want to be overly fatalistic about it, but maybe maybe that's what I'm being until
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And the problem with this is once you start to feel the pain, then the change is really
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I mean, Trump has said, I won't touch your Social Security.
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And that's a Republican from outside the establishment.
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And anyone who would run against him in this primary or anyone who going forward is running
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as a Republican, they know they'll lose if they say they want to touch any of those
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People always say, Clay, I've paid into this my whole life.
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You do a little bit of means testing for rich people and you raise the retirement age a couple
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Medicare is a big problem because people say, oh, I've been paying into it.
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The average person, the average person takes out twice in Medicare spending what they pay
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And a vast majority of that spending comes in the last six months of life.
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But no one, you know, you say you want to fix it.
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Well, you know, at some point we're going to want Medicare, too.
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I want it to be there and I want it to be a functioning program for people.
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And notice, is there anyone who has been more vocally in support of Israel, well, period,
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but also since October 7th than we have been on this show?
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Even yesterday, I tell, there's a little, what do you mean you're talking?
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Why do we have the foreign aid budget that we have in total?
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And I think it, look, if you want to give to charity, because let's be honest, that's
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Then most of you, if you ran your household, you wouldn't go in debt to donate to charity.
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In fact, your husband or wife, if you sat down at the table and you said, hey, for part of
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our budget this year, I want to give $5,000 in charity on the credit card, every single
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one of you out there would look at your spouse like they were absolutely insane.
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If you wouldn't do in your household what the United States government is doing for our
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entire household, and Buck, I don't see this as Democrat.
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To me, anyone voting to give $100 billion, rounding up from $95 or $96 billion, to foreign
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countries when we are $35 trillion in debt, I think your analogy with global warming is
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One of the biggest issues in life, this is me giving you a little bit of a TED talk, is
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most people fear things which in reality are not threats to them, and you spend a lot of
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time being fearful of things that are never going to be an issue in your life.
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I've said before, I ain't worried about the rising oceans, all right?
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Maybe it's going to be an issue for my beach house.
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I am insanely worried about the fact that at some point in my kids' lives, maybe even some
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point in my life, we're going to be $100 trillion in debt.
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And if you don't think that our adversaries out there are not planning on bankrupting this
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country, everybody wants to talk about, oh, there's a new threat from Russia.
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The big looming asteroid that is aimed right for America, that is in danger of obliterating
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this country, is we're going to have $55 trillion in debt a decade from now, and then just the
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interest on our national debt is going to become soon the biggest single expenditure that this
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Well, there's a long history of this, of fiat currency.
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You can go back and even look at the usage of paper currency in China over 1,000 years
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I mean, once they start printing it in paper, and once the money has no intrinsic value,
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And inflation, we all know what that does, particularly to those who don't hold assets.
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And then the political, this is the problem we're in right now, the political mechanism
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to check it, even in a republic like ours, right, even in a system where the people who
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are suffering from the inflation, who are suffering from these decisions, are the ones who are supposed
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No one can win and get the power they need to solve the problem, because the person who
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says, keep eating those treats, they won't make you fat, keep eating a whole chocolate
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cake every night, there's no problem with it, that person wins, because they're appealing
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to the immediate, and they're appealing to the sense that I get mine, I'm not worried about
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That is what, it is bipartisan in this country, it is the truth, and you're not even really
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hearing, you know, we're hopefully going to elect a president who's obviously far better
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than Joe Biden, Donald Trump's not going to touch the debt, anyone take bets on that
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one, not going to touch the debt, he's going to spend a lot, just, Donald Trump spent six
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trillion dollars last year in office, everybody, I know it was COVID, I know, oh, we can't
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blame Trump for anything, look, I love the guy, I'm hoping he's going to be president,
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but if we're talking about the debt, you know, this is the situation, folks, I don't
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know, man, I just, I, we are a bummer on Valentine's Day, I just, I, I think it ties
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in so much with the failure that we have from our elected officials, we are, we are 35 trillion
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dollars in debt, and they are telling us it's anti-American if we won't take out a hundred
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billion dollars in additional debt and send it to foreign countries to protect their own
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border while our border is wide open, and this to a large extent in the Senate is bipartisan,
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and I just look at it and I say, no one would run their family finances like the United States
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government does, and just think about it, if you, donating to charity is a fabulous thing
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to do, if you were donating five thousand dollars to charity on your credit card that you didn't
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have, and you were going to have to pay interest on that donation, none of you would do it,
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and if you had a spouse that suggested it, you would tell them that they're crazy, well,
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but you certainly wouldn't say it's un-American, your analogy is, is actually people are, are
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saying, hey, let's do something really nice for, for some other family, let's do something
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really nice for some other family, because it's going on someone else's credit card, and that's
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what people don't realize, it's actually our credit card, it's the credit, the faith and credit of the
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American people, and we're all in it together on the dollar, it's not even a partisan thing, I don't
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want the dollar to collapse for any of us, because then it collapses for all of us. And also, to then
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argue that if I'm opposed to that, I'm not an American, that it's un-American to be opposed to
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spending $100 billion on somebody else's border, if we had a budget surplus, that's a conversation
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we could have, we don't have a budget surplus, in fact, I'm concerned that all of this is going to
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blow up one day, we're going to try to sell debt, and there ain't going to be a buyer, and what
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happens then, look out, I mean, look out in a big way.