• The First 205 Years

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    Darrell Castle talks about debt and the effect it has had and is having on the nation and its people.

    Transcription / Notes

    THE FIRST 205 YEARS

    Hello, this is Darrell Castle with today’s Castle Report. This is Friday the 22nd day of March in the year of our Lord 2024. I will be talking about debt and the effect it has had and is having on the nation. Debt as the U.S. government has accumulated It, is very bad and it has been accelerated by the ruinous nature of fake money, and the siren’s call of money without limit. I will argue that money without solid backing is perhaps the most corrupting influence in America today. Money, whether fake or real, is power, and power corrupts the mind and morals and thus our nation and its tradition of law and justice are corrupted.

    I have more than 40 years’ experience as a bankruptcy lawyer and I, therefore, have a lot of experience dealing with debt. Debt can be used for production or to increase revenue and then it is good but otherwise it is an albatross around the neck of the debtor. The bible tells us in the book of Proverbs that the debtor becomes the slave of the lender. Lately, the U.S. has used debt to make war and pacify its people with bread so they will not see the circus that is Washington.

    It took the United States 205 years to accumulate its first $1 trillion of debt, but now the process is accelerating. Washington was at $5 trillion by the administration of George W. Bush and now stands at $34.6 trillion at the time of this recording. The United States now adds $1 trillion of debt every 100 days. The latest projections show $60 trillion by 2034 or just 10 years from now. Keep in mind that projections almost always fall short of reality because economic conditions change as do the desires of politicians.

    $60 trillion of debt would put the interest payment at around $3 trillion per year at average interest rates. Please keep in mind that total revenue in 2023 was $4.1 trillion and the president’s proposed budget for this year is $7.3 trillion, and yet Washington still functions and still funds war. The end result always takes time to play out. For example, even when Rome had debased its currency and looted the known world to gain the resources to continue its profligacy the barbarians took time to complete their work.

    What if interest rates had to rise because the federal Reserve was afraid of out-of-control inflation. The what if is probably more like when and then all those estimates I just gave you are wrong. What about what increased rates would do to the average American. The median price of an American house is now $435 thousand up from $25 thousand in 1970. An average priced house at 12.9% which rate has happened recently, would cost a monthly payment of $4,676 interest only. I wonder what rates like that will do to the housing market and to the lifestyle of the average American. Even at a modest rate of 7% the payment would be about $3 thousand, or more than the average family can afford.

    Would the house price come down as a result? Yes, most likely because of new houses not selling as well, but as the demand for credit increases, and it will because people have to use it to live, a debt crises might result whereby people are forced into bankruptcy and liquidation. Increased bankruptcy rates by people damage or destroy tax revenue on a national scale. People I talk to seem to think that debt, public and private, is no big deal because nothing I have been predicting has happened yet. That is because with public debt, even more debt using more fake money, has been the answer to paper over Washington’s profligacy. The situation now is different because it is increasing so exponentially that the entire system is threatened by it. As my friend Bill Bonner would say, when you jump out of an airplane in flight for a moment you feel suspended in the air just floating, but gravity will have its moment in your life.

    The problem is rather complex and very simple at the same time. The debt of the nation and of its people should be handled the same way with the same effect except that the nation has been able to just create money without anything to back it, to cover its obligations and boondoggles and add the resulting debt to its bottom line thus suffering no consequences. That is until now when the interest is rapidly approaching revenue. Unless that ship of state changes course, income will not even cover interest and that road is the one which leads to default or more dishonestly, hyperinflation.

    The simple part is that the more current income you must devote to past spending, the less you have left over for current spending. People who have less money to spend are poorer than others.

    You’ve all heard the quote from Hemingway many times I’m sure, “How does a man descend into bankruptcy—gradually at first—then suddenly.” My contention today is that the United States government has passed through the gradual stage and entered the sudden part of the equation. Those who decide these things in the U.S. have been able to accomplish every 100 days what it took their ancestors 205 years to accomplish so I suppose they think that’s progress. This causes sorrow to build in me because it seems impossible but there you have it.

    I fear the debt is assuming an exponential aspect whereby it cannot be stopped until we reach default or hyperinflation and the Washington politicians have packed up and fled out of town. If only the nation’s gross domestic product could keep pace with its debt, then we could maintain the system but alas they have ruined that too. The GDP is old and decrepit and the debt is Usain Bolt in the Olympic 100 meters. To illustrate my point and emphasize my paranoia, at the current rate the debt will reach $50 trillion in 4.7 years or in the year of our Lord 2028. Meanwhile, the Congressional Budget Office projects annual GDP rate of growth at 1.8% annually through 2028.

    The famous multiplier of Doctor John Maynard Keynes, which for many decades has allowed the average Washington hack to turn water into wine, and dross into gold has finally decided to show us the reverse. Yes, this miracle that has allowed the U.S. government to buy and control the world is reversing and now is starting to turn wine into water. To paint a clearer picture, one from my childhood, the golden goose has been killed and lies flopping on the ground while his bloody head is on the chopping block for the whole world to see.

    To give you the affect of all this on the present generation of Americans I quote economist David Stockman:

     “All the spending and borrowing since 1970 has encumbered future generations with an insuperable debt albatross, even as it has left present-day Americans with hardly a fraction of the economic improvement rates enjoyed by their parents and grandparents a half century ago.”

    If I may interpret David’s economic words, he’s saying that kids today have little to no chance of realizing that portion of the American dream of parents for more than two hundred years and that is that the children would have better lives than the parents.

    According to the Washington Post interest costs are the fastest growing item in the budget and are accelerating past defense costs. What will be left for Social Security, Medicare, Medicaid, war and chaos/ How will the United States of America continue the bread and circus ritual to which the population has become addicted. Jeff Bezos at the Washington Post says that democracy dies in darkness but perhaps he is wrong and it dies in debt instead.

    Are there any solutions to this dilemma? Yes, I can think of a few solutions but two of them, the most desirable two, require people of goodwill in charge of the federal government which is very doubtful right now. The first step would be to bring the level of debt acceleration below the rate of GDP growth. That would at least stop it from getting any worse for a while. This would have to start with a commitment to a drastic reduction in spending. Every department would have to be cut and many of them eliminated. Sacred cows would have to be slaughtered for that common good the Democrats are always talking about. See new president Javier Milie in Argentina for an example of how this program can work to revitalize a country. Do you see any leader out there on the political landscape who might be willing to lead such an effort and sacrifice himself or herself in the process. I don’t see any who have a possibility of being elected.

    The most likely scenario is something that I have talked about many times and have always feared as a solution we are being set up for and that is some type of globally managed, i.e. the World Economic Forum, central bank digital currency. The two debt outcomes of which CBDC is the second is also the most likely because it gives more control to our ruling elite and their global masters while keeping us enslaved, and without privacy. Perhaps we ordinary Americans could avoid some of the control by going to bitcoin or some other digital currency. You may hear the powers that be express a disdain for bitcoin, but if so, you should wonder why if digital is so bad that CBDC is so good.

    Bitcoin just hit an all-time high and many see no where for it to go but up given the attitude of the government toward debt and privacy. Bitcoin and gold are hitting record highs as the world seeks alternatives to the debt burdened dollar. Since the Bretton Woods agreement after World War ll the dollar has been the world’s reserve meaning that other currencies have to be converted into dollars before international commerce could be conducted.

     Other nations did not have to worry because their assets were as safe and solid as the dollar but then the U.S. decided to change the equation and stop all this live and let live libertarian nonsense. Russia got into a border war with another Eastern European country, a very common action to which hardly anyone cared or paid attention to. The U.S. let the world know that this is an international rules based global order and the U.S. makes those rules and decides who is in good graces and who isn’t. Russia was punished by having $300 billion in assets stored safely in the dollar, sanctioned, or confiscated by the ruler of the global order.

    Other countries were sanctioned as well whenever they were out of compliance with U.S. rules. The U.S. decided to involve itself in the Russia-Ukraine war not just by giving money and weapons to the Ukrainians but also by using the international banking system in an admitted attempt to bleed Russia dry. Foreigners began to see how easily they can run afoul of the U.S. and how that can mean their assets are no longer safe and secure. The U.S. could use its control of the system and its reserve currency status to literally shut down their economies.

    This series of events led Russia to look for alternatives and for alliances outside the dollar system. It was a gigantic mistake as Russia sought and found alliances with other nations that believed they were being bullied and were open to new alliances. The Biden administration apparently failed to realize that Russia’s vast deposits of natural resources insulated it from the bullying. If these alliances continue and the U.S. continues its meddling and bullying then the dollar could lose its reserve status and that would be a catastrophe for a nation with more than 34 trillion of debt and climbing every day.

    Finally, folks, to avoid default and/or hyperinflation resulting in mass poverty and a much lower standard of living, deal with debt growth before it’s to late. Cut spending, close unnecessary government departments, come home and mind your own business.

    At least that’s the way I see it,

    Until next time folks,

    This is Darrell Castle,

    Thanks for listening.

  • A State of the Union Based on Lies

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    Darrell Castle talks about the dark and angry State of the Union Speech and asserts that there was no optimism or hope, but the content was all based on lies.

    Transcription / Notes

    A STATE OF THE UNION BASED ON LIES

    Hello, this is Darrell Castle with Today’s Castle Report. This is Friday, the 15th day of March in the year of our Lord 2024. I will be talking about the dark and angry State of The Union Speech delivered by President Joe Biden last week and I point out that there was no optimism in it and no hope for the future of America and the entire premise is built on lies stacked on top of lies.

    A lot of things are happening in the world right now that we could be talking about such as the 4th anniversary of 15 days to stop the spread which is tomorrow. That is another lie for which honorable scientists and doctors are still being persecuted. The 2024 presidential election seems set now since Biden and Trump seem to be assured of a rematch. Elections in at least 64 countries with about 50% of the world’s people are scheduled to be held this year. Those topics would all make good subjects for this report but only one election is part of the speech, except our own of course.

    The most important election outside of our own is being held in Russia this weekend. Putin will win by a large margin and that makes the election a sham according to the American press. However, Putin is very popular in Russia and his election by a wide margin does not therefore mean that it is a sham. His policies have produced high growth for Russia with low unemployment and inflation lower than ours. His finding alternate currencies to take BRICS nations outside the dollar system seems to be resonating with a lot of the world’s people.

  • A Shield of the People

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    Darrell Castle talks about the law and how vital it is to the people of any free nation to be protected by the law from the abuse of those in power.

    A SHIELD OF THE PEOPLE

    Hello, this is Darrell Castle with today’s Castle Report. This is Friday the 8th day of March in the year of our Lord 2024. I will be talking about the law and how vital it is to the people of any free nation to be protected by the law from the abuse of those in power. The law must serve as a shield of the people if we are to be any different from dictatorial regimes, 3rd world corrupt regimes, and the like. Lawfare is not a shield but a weapon to be used by those in power against those considered to be without power or at least without the protection of law.

    One often hears the term lawfare, but many or most people wonder what that term means. They don’t understand its literal meaning and therefore they don’t understand why using the law as a form of political warfare is destructive of the rule of law and reduces our form of government to tyranny.  I have traveled this world from one end to the other throughout my lifetime but I have always been glad to get home. Whether in a 3rd world war zone or a glamorous capital I am always glad to see America where the law protects me and I have rights that cannot be arbitrarily abused or disregarded.

    The term lawfare doesn’t make sense because it seems to be two words of opposite definition cobbled together. It indicates violence whereby the parties to a dispute, usually two or more nations, fight each other with their very existence at stake. Law and warfare are opposites and should not exist as one but today, unfortunately, they do. For purposes of this report, I will define lawfare as the use of law and the legal process to destroy political and ideological enemies but law, standing alone is the opposite because it is a way to settle disputes peacefully without resorting to violence.

  • Murder By Executive Action

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    Darrell Castle talks about the crises of illegal immigration or what many describe as a crises but the federal government doesn’t seem to see as a crisis. In fact, the federal government maintains an immigration policy that makes murder of Americans by illegal invaders inevitable but no one seems to care.

    Transcription / Notes

    MURDER BY EXECUTIVE ACTION

    Hello, this is Darrell Castle with today’s Castle Report. This is Friday the 1st day of March in the year of our Lord 2024. I will be talking about the crises of illegal immigration or what many describe as a crises but the federal government doesn’t seem to see it as a crises, in fact, the federal government maintains an immigration policy that makes murder of Americans by illegal invaders inevitable but no one seems to care.

    A lot of things are happening at the border right now and those things are likely to make it a top focus of the 2024 presidential election. I know that if I were a presidential candidate this year the border would be my main focus followed closely by stupid, pointless foreign wars. The millions of migrants assisted into the country by Joe Biden are causing havoc for a lot of people and states, but my focus today is about how that problem affected one person.

    That one person was a 22 year old nursing student in Georgia named Laken Riley. I hope her family will forgive me for using her name, but I could see no other way to tell her story. Laken was a beautiful young woman with a great future in front of her until she was brutally murdered by Joe Biden’s immigration policy. Yes, that’s right Joe, this one’s on you so just go ahead and eat your ice cream while her family grieves.

  • New York Sends the Deplorables a Message

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    Darrell Castle talks about the recent verdict in New York in which Judge Arthur Engoron imposed a fine against Donald Trump of about $355 million accelerating the total to about $455 million with interest.

    Transcription / Notes

    NEW YORK SENDS THE DEPLORABLES A MESSAGE

    Hello, this is Darrell Castle with today’s Castle Report. This is Friday the 23rd day of February in the year of our Lord 2024. I will be talking about the recent verdict in New York in which Judge Arthur Engoron imposed a fine against Donald Trump of about $355 million accelerating the total to about $455 million with interest. The fine was for a verdict of civil fraud and as the law normally defines fraud what Trump did was not fraud because no one was injured and there was no victim. This case demonstrates that in New York and certain other Democrat cities, the law is a political weapon and not a protection.

    I have loved New York for my entire life or at least what I can remember of it. The Yankees have always been my team and Mickey Mantle my favorite athlete of all those who have played there over the years. New York used to be the most exciting and wondrous place in the world but that was before the city and state were turned over to those who view the law as nothing but a weapon to be used against political enemies.

    For purposes of this report, it doesn’t matter if you hate Donald Trump, if you think he is a threat to democracy, that he wants to become a dictator, that he tried to overthrow the U.S. Government by force, or whatever he is in your mind. Through whatever lens you view Donald Trump, it is impossible, if you are familiar at all with the lawsuits and prosecutions against him, to see them as anything but a distortion and perversion of our legal system to achieve a political goal.

  • The Lunacy of War

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    Darrell Castle talks about the lunacy and sheer madness of war.

    Transcription / Notes

    THE LUNACY OF WAR

    Hello, this is Darrell Castle with today’s Castle Report. This is Friday, the 9th day of February in the year of our Lord 2024. My topic, my beat today, is war, and specifically the lunacy and sheer madness of war. The Biden administration participates in foreign wars as an empire struggling desperately to maintain hegemony over the powers of the earth. War is the first thing that comes to mind as a tool to gain and maintain power.

    Once again Washington finds itself at war in the Middle East but perhaps it’s the same war just continuing after a brief rest. Is this simply a continuation of a civilizational war between Islam and the West? The words coming from the minds of Western leaders, especially American leaders, try very hard to make it clear that there is no such war. Middle Eastern leaders, on the other hand, may say the same, but I have no doubt that they see the struggle as a civilizational war and that Islam will ultimately prevail in that struggle. In Western Europe the migration figures tell us that Islam is well on its way to success in its civilizational war against the West.

     None of this current Middle East morass makes any logical sense to me, but I suppose it makes sense to the military, industrial, security, complex. To paraphrase a rock music legend the late, great Buffalo Springfield, something’s happening here but what it is ain’t exactly clear. It’s not exactly clear but I have my theories. Junior Samples would say I don’t know much but I suspect a lot. I have a theory about the Middle East and the struggle for world dominance today.

  • Coup Against the United States Constitution

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    Darrell Castle talks about what used to be called the southern border of the United States of America but is now just a clear passage for people from all over the world to pass illegally into the country.

    Transcription / Notes

    COUP AGAINST THE UNITED STATES CONSTITUTION

    Hello, this is Darrell Castle with today’s Castle Report. This is Friday the 2nd day of February in the year of our Lord 2024. I will be talking about what used to be called the southern border of the United States of America but is now just a clear passage for people from all over the world to pass illegally, but as safely as possible, given that many are cartel members, into America without any vetting or any thought about who such people might be and what their intentions are. My argument is that this constitutes a deliberate coup against the Constitution of the United States.

    There are so many stories in this world today with the war in the Middle East being a very important one as it morphs into a region-wide conflict that threatens to go global. In fact, I thought about calling this Report, Preparing for Global War. but I decided to talk about the border and more specifically the administration’s conflict with Texas because I think it is the most pressing issue that we face today. Every area of American society is being affected by this conflict and there appears to be no end in sight.

    The homeless camping on the streets of American cities, the hotels being taken over to house migrants, and other problems caused by millions of illegal invaders swarming into overtaxed and over stretched cities. The social safety net appears to be breaking as it is being overwhelmed in many places. Law enforcement already understaffed and demoralized by defund the police efforts must confront increased crime from people whose very presence in the country is a crime.

  • The WEF’s Annual Assault on Humanity

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    Darrell Castle talks about how the WEF and its agenda towers over other news because it is the driver and controller of what passes for news today. As a result, its meeting is the most important story in the world, and this time that story is a new disease about to be unleashed on humanity.

    Transcription / Notes

    THE WEF’S ANNUAL ASSAULT ON HUMANITY

    Hello, this is Darrell Castle with today’s Castle Report. This is Friday THE 26TH DAY OF January in the year of our Lord 2024. I will be talking about the annual meeting of the World Economic Forum for the second consecutive week because it is just that important. The WEF and its agenda towers over other news because it is the driver and controller of what passes for news today and as a result its meeting is the most important story in the world, and this time that story is a new disease about to be unleashed on humanity.

    Yes, indeed folks, all the grand poohbahs and doodahs of the world’s most elite club met in Davos Switzerland last week to continue their assault on humanity and on the sovereignty of nations. Rebuilding trust is their theme for this year’s meeting as was explained by many speakers including founder and chief executive Klaus Schwab. The very Teutonic Mr. Schwab is now 85 years old but he continues his efforts to destroy humanity as his Nazi ancestors did before him. On second thought that statement is a little unfair to Nazi’s, even Herr Schwab’s Nazi father because they sought to conquer Europe and the WEF apparently seeks the destruction of humanity itself.

    This is the same group that brought the world Covid -19 and the response to it. The WEF along with the World Health Organization now bring us what they call Disease X. A name will be assigned to disease X at the time that it is unleashed or at least when it makes its first appearance in the world. Notice, if you will, that WHO is predicting in advance of its appearance that a supposedly not yet in existence virus will be 20 times more lethal than Covid. None of the things the WEF and WHO are saying about this new virus and new pandemic can possibly be known in advance unless they are planned and deliberate.

  • Our Betters Meet in Switzerland

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    Darrell Castle once again talks about the annual meeting of the World Economic Forum which is concluding its meeting in Davos, Switzerland today. It is there that they decide the fate of the rest of us lesser beings.

    Transcription / Notes

    OUR BETTERS MEET IN SWITZERLAND

    Hello, this is Darrell Castle with today’s Castle Report. This is Friday the 19th day of January in the year of our Lord 2024. I will be talking once again about the annual meeting of the World Economic Forum which is concluding its meeting in Davos Switzerland today. Each year the world’s kingpins, the chieftains of industry, the visionaries, the prophets, the grand and the great but most of all in their eyes, the good, meet to decide the fate of the rest of us lesser beings.

    Yes, what reporter Ben Bartee refers to as The World Technocracy Anti-Human Forum is conducting its annual meeting and accordingly the United States has dispatched its most senior delegation to assist the forum in imposing its will on the American people. The U.S. delegation is headed by Secretary of State, Anthony Blinken, but includes the director of the FBI, the director of national intelligence, and of course climate special envoy, John Kerry. The list also includes Senator Joe Manchin for his third consecutive visit as well as representative Darrell Issa.

    A featured address was delivered by managing director Saadia Zahidi. She attended all the right schools including, of course, Harvard and she has worked for all the right people. She said that climate change is humanity’s biggest threat, but humanity’s biggest problem is misinformation. I take that statement to mean people who have opinions adverse to the World Economic Forum. The head of the WEF Herr Klaus Schwab, also gave his usual welcoming speech: