PAT, I HAVE A QUESTION ABOUT OUR NATIONAL DEBT. ON THE 700 CLUB, I SAW THAT IN A FEW YEARS THE DEBT COULD REACH 40 TRILLION. MY QUESTION IS: WHO DO WE OWE MONEY TO? NO ONE REALLY GIVES ANY DETAILS. WOULD YOU PLEASE EXPLAIN WHO WE ARE IN DEBT ... ...
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- All right.- First one, Pat,
comes from Charles, who says,
"Pat, I have a questionabout our national debt.
On 'The 700 Club,' Isaw that in a few years,
the debt could reach 40 trillion.
My question is who do we owe money to?
No one really gives any details.
Would you please explainwho we're in debt to
and what happens if we can't pay?"
- Well, if we can't pay,what'll happen ultimately,
we'll lose their reserve currency status.
Right now, the world economy
revolves around the American dollar
and, therefore, our federalreserve has the power
to just issue more money
and they buy bonds from the government
and they can build up all kinds of debt.
But what happens whenwe run out of creditors?
We lose our reserve currency status
and then the next thing isis a default on our debt.
Now you can default it byrunning it so excessively
where you go into hyperinflation
where your debt isn't worth anything
and then people who havebought government debt
and you own the debt,you lose all their money.
You could have it like Argentina.
You can default on your debt,
and when you do that, you'reput into terrible poverty.
Well, what does it say, the debtor,
I mean, the borrower'sthe servant of the lender,
and we've become the servantsof those who own our debt.
But the idea that they we oweit to ourselves is nonsense
because sooner or later, that debt,
I mean, it's owed toChina, it's owed to Japan,
it's owned all over theworld that hold our debt.
And when it happens, it'sgoing to bring chaos.
I mean, you cannot imagine the suffering
that'll take place.
The same thing happenedin Weimar, Germany,
when they had hyperinflation
and people were starving to death.
That will happen when thatdebt continues to grow.
All right.
- Okay, this is Richard, who says,
"Why is there so much hatred
for the Jewish people around the world?
They returned to the PromisedLand, made it pristine,
cultivated it, and spread theirinnovation around the world,
and yet, the Palestinianswant to kill them.
If Palestinians werehoused in Saudi Arabia,
which has plenty of land, or in fact,
any of the other Arab nations,
would this solve the problem?"
- The answer is yes,but the Palestinians...
There's something called UNRWA
that is a UN agency that has kept them
in virtual bondage over the years
with what they call the Law of Return.
We're gonna let you go back to your home
and everything you've lost over the years
is gonna be returned to you.
And the whole idea of aPalestinian state is nonsense.
It's not gonna work.
But what hatred it is of the Jews.
They have the oracles of God.
The Messiah came from the Jews.
The Old and New Testamentcame from the Jews.
And they are an evidenceto the existence of God.
And there is a devil andthe devil hates the people
who have brought forth the Messiah.
And there is a hatredagainst Jews that comes...
It isn't natural.
It is supernatural.
It comes from Satan himself.
And what we need to do isto fight every way we can
against him because he bringsthis anti-Semitic feeling
all over the world.
It's everywhere. It's amazing.
Because it isn't justnatural. It's supernatural.
It's devilish.
Okay.
- This is Linda who says, "Hello, Pat.
I'm 62 years of age.
I just bought my first house in 2017
and I bought a new car last January.
I work for the school district.
It will be 20 years this October.
I have no desire to retire.
I feel my boss is being meanto me, hoping I will retire
so her friend will have my job.
How can I tell them in anice way where they can go
and that I will not be bullied?"
- Well, I think you should do
exactly what you saidand say in a nice way.
"Look, you're not gonna get my job.
I'm gonna stay here because I'm entitled."
If you have to with a thing like this,
if there really is somekind of discrimination,
it doesn't hurt to get an attorney
to say, "Look, if you keep this stuff up,
I'm going to ask for legal help,"
because the courts are there to help you.
But I think again, inyour heart, have love.
Don't hate the people who persecute you
because if you do,you'll become like them.
So keep love in your heart
and then let them know how you feel
and speak boldly about it.
Don't hold back.