The News That is Being Hidden from You (Transcript)

Click Here to Listen to Bob Barney’s Broadcast: The News That is Being Hidden from You

Things are happening in the world every day that the media is just not telling you. It doesn’t matter if it is the leftist news or conservative news holding back the truth, there are important issues that are directly affecting your life that you probably don’t know very much about!

Hi, this is Bob Barney with Thursday’s edition of the Plain Truth Today brought to you by The Plain Truth dot com. We try to give you not only yesterday’s news and today’s news, but we try to predict what tomorrow’s news is going to be. Isn’t that actually the news you really need to know? Don’t you need to know what’s going to happen tomorrow? Do you really need to know what happened yesterday? Is it going to affect anything if you found out yesterday news today and found out yesterday gold went up $1000 an ounce it wouldn’t be any good cause it’s already up there. Now if somehow you could find out today that gold was going to go up $1000 an ounce tomorrow then that’s the kind of news that could actually bring you some cold hard cash and maybe help make your ends meet in this financial crisis that we are in. For the most part, the main street media does not want to admit this fact.

I am going to give you some news, some of which we are not covering on TPT yet, but we will be. We try to stay on things from a day-to-day basis. For example, because I am in the manufacturing business I buy a lot of raw materials. Unfortunately, a lot of the raw materials you have to buy, even though you produce products in this country, they are coming from overseas. A great share of the raw materials especially in the raw material that our government has gone to war with, namely the EPA, well those products have to be made. They’re made in countries that are friendly to those businesses. Mainly, that is China. If you’re going to deal with anything having to do with our EPA and they want to regulate out of business, then the business winds up going to China. You are relinquishing the manufacturing of raw materials to China so, if you are an American business trying to buy American products and you are wanting to make it in American product, which I am proud to say our products are made in America…then you want to buy American made raw materials as well.  But more and more especially under the democrats and this administration, I will tell you flat out, they have driven so much of the chemical industry out of this country that in order to produce the goods that you need manufacturers in America have to buy from overseas. So, they are always trying to keep the supply chain in just in time delivery. You cannot spend all of your income hoarding raw materials and sitting on them for months and months and months and years sometimes and pay many times you’re paying a bank or something for credit loans on raw materials that you are buying. You are forced to buy more raw materials than you have a cash flow and within a lot of smaller businesses, smaller manufacturing businesses have to have lines of credit in order to buy the raw material they need to hold them.

 During times when their supply chain is slow, we all know the stories ad nauseam…you were given the stories of how bad the supply chains were during COVID and that there were hundreds if not thousands of boats off the shores of California. Even the East Coast. They were not able to go and deport because there weren’t enough docks available. That was true. But what’s not being told maybe because it’s an election year and the mainstream media wants to make sure that their candidate wins, they’re not telling you that we’re still in a supply chain crisis to this day.

For example, basically the Suez Canal, which probably handles I’ve been reading about 1/3 of the world’s shipping containers goes through the Suez Canal, as well as oil tankers and other boats. The Suez Canal is really being bypassed by your major shipping container companies because of all the violence going on, inspired by Iran. They call those violent ones the Hutus who are trying to take over our ships. The United States Navy is doing very little under Joe Biden to stop it and this is something that could be stopped in a heartbeat if we wanted it to be. We would have to shell and sink all of these warships that are trying to take over commercial ships going through the Straits of Hermus and into the Suez Canal region and into the Mediterranean.

A lot of the raw materials that are going to Europe, especially Italy, Germany, Spain, Greece, they have to go through the Suez Canal right now. The Suez Canal is not a very attractive place for the shipping to go through and so a lot of them are going around Africa and going through Gibraltar to get to Europe and that adds 2 weeks, I’m told even 3 weeks in some cases to get products. From the raw material in China to Europe. Well, America is not in that much better shape because the West Coast right now is not having the problems that it did in COVID, but the East Coast is. The reason for this is that the Panama Canal has a water shortage. There has been a drought in Panama. They are blaming global warming, I’m sure, but there’s been a drought in Panama and the water level of the Panama Canal is so low that large ships can only pass through there at certain times of the day. They can’t pass through back-to-back like they normally do so it has caused a delay on both sides of the Panama Canal.

Remember, boats are coming from China through the Panama Canal to the Atlantic side and then the Atlantic side going through the Panama Canal, the opposite direction going into the Pacific to go back to China. And so, there’s a map you can download, and I don’t have it available right now, but there’s a map that tracks every commercial boat ship in the world with a transponder.  There are tens of thousands of ships. When you first open the map on your computer my friend in the business next door and his business does that because he also imports a lot of chemicals like I do. And you look at all the red dots and each dot is a super tanker or a super carrier off the Panama Canal. There’s probably one or two thousand on the Atlantic side waiting to go through and another it looked like three to 10,000. I don’t know the number on the Pacific side full of goods on these container ships trying to go through Panama. Unfortunately, they’re very slow.

But my neighbor, he has been waiting on a container shipment that was sent, I think, he said the last week of November. It has been sitting 40 days off the Panama Canal. It should have been here in early January. And you learn he still does not have the supplies he needs.

So, what does this do? It forces small businesses and big businesses to have to purchase 3 or 4 or maybe even five times more raw materials than they normally would have to purchase. that takes money. You’re sitting on money now you if you want to go and borrow money, three years ago, four years ago, you could borrow money with good credit for 3 1/2 to 4 1/2% interest a year. Now, with good credit, you’re lucky if you’ll get a business like American Express owns a product called Kabbage for small businesses to loan money. They’re at 9.99%. That’s 10% of your profits gone just if you need to borrow money from them. So far for my wife and I, with our company, we haven’t had to borrow money, but we are waiting on container loads as well and we’re talking to the person that is our importer and soon to be our exporter because we plan on exporting products as well overseas that we’re going to have to probably double, or even triple what we buy. This action is probably going to force even our company to have to borrow money at a very high interest rate.

So, what happens when you borrow money at that very high interest rate? Who suffers? Ultimately the people who buy our products suffer because somebody’s going to have to pay for this extra money that that you need in order to maintain your supply level to manufacture.

 These are the reports you’re not hearing about.

I bet you most people listening to this show right now does not know that there is still a vast supply chain shortage due to the Panama canals drought and the violence going on in the Middle East. This inflicts danger that many ships fear about going through the Suez Canal. OK. When is the last time you heard that on any news? I’m not talking about liberal CNN or MSNBC. I’m not talking about ultra-liberal CBS, ABC, NBC. I’m talking about Fox News, Newsmax, you name it, you tell me… when have you heard a report that there is a supply chain issue going on which is forcing American companies to borrow money to keep their stocks high enough to manufacture goods?

It is because the economy hasn’t slowed down much. We keep hearing reports of how the economy is still growing at such a fast pace that the Fed is trying to slow it down by raising interest rates. But the more they raise interest rates, the more the products go up in price because you raise interest rates to try to make companies lower their prices in order to sell their stock out. That brings prices down and it stops inflation. That’s the theory. But it doesn’t work in what is called stagflation.

Businesses can’t lower their price below their cost and stay in business and now part of their cost is the fee to borrow money…and that’s up to 10 to 14% depending on a business’s credit. And even big businesses I’ve been told are paying 7 to 10% as well to borrow up to a billion-dollar credit line that your major manufacturers around the world have to have a credit line. So who pays that? You do.

So, you go to a grocery store, or you buy something, a chemical or anything you buy, and you say, well, if we’re in a recession or going into recession, why are these prices continuing to go up? Well, they’re continuing to go up for three reasons. Number one and the most important reason I will go over and over again on this broadcast is the price of oil…because we are not drilling oil in America because of the Bidens moratorium on drilling on public lands and not drilling oil in America. There is a worldwide shortage of oil because the Middle Eastern countries of Venezuela cannot produce the amount of oil today what we were producing by ourselves during the Trump administration. And so, you have oil at still 78 to $85 a barrel and people forget this. It was 30 dollars, $35 a barrel under Trump.

 There was a day that oil futures cost negative $35 a barrel, which means if you wanted to sell your oil on that day, you had to pay the oil company $35 to get rid of your oil. And what does that do? When you lower the price of oil, you stop inflation because the blood supply of this world, the whole united globe, the blood supply is oil. It’s not solar, it’s not wind, it’s not green. It is Oil, that is, the blood circulation supply of the world’s economy, the number one driver of inflation of famine, of all ills. This is what man causes. Due to inflation. The production or lack of oil is what determines all of this.

The discovery of oil 170 years ago transformed the world into a modern state that could support itself for the first time in history, the world could literally grow. And support itself because of oil. It became the blood supply of the entire globe, and it still is. And when you limit the supply of oil, you have inflation. So that’s number one. Number two, the supply chain as I just mentioned, if you have to increase your raw material cost by a minimum of 10% because you have to borrow the money from banks or other lenders then there’s a 10% built in inflation. You can’t hide that 10%. You cannot sell products below your cost and stay alive. The companies that have tried to do that all go bankrupt after a while.

And of course, the third reason and probably one of the most incredibly stupid maneuvers that’s going to cause inflation even when we have a recession is called stagflation. Again, Biden’s new idea is that he’s going to tax corporations upwards to 29%. That is a 29% inflation!

 So, if a company, let’s say a company is buying raw materials now and it will cost them $100. Now it costs them 110 if they must borrow the money. But that’s not the problem. Let’s say they sell that material for $200. And now from 110 to $200 is $90.00 profit and they go from 15% of $90.00 to pay taxes to almost 30%. That is an additional 15% inflation. So, you have 10% on the raw material side, you have 15% on the selling side. That’s a 25% built in inflation and nobody is talking about it, nobody that I hear.

Nobody is talking about what it’s going to do to the middle class and lower-class people that these so-called liberals claim they care about. They claim they care about women. They claim they care about people in the ghetto. They claim they care about the middle class and the lower class. Yet their policies are forcing the lower- and middle-class people into poverty. Into poverty, into poor health care, into poor diets because they can’t afford good food.

You go and buy organic food lately…My wife and I went to Whole Foods, and I am not trying to promote Whole Foods by the way…but the prices have tripled in a year’s time for organic foods, tripled. And this idea that we have a 2 or 3% inflation rate, that’s total bull. And everybody who goes and shops knows it’s a lie. It’s you know like what Mark Twain said…there’s lies, there’s damn lies and there’s statistics…because statistics are the damnedest lies of all. And the statistics say that we have a 3% inflation rate when gas now is a dollar more than it was just nine months ago in my town, a dollar more a gallon. Home heating oil is 40% higher this winter than it was last winter. That’s true that those numbers don’t go into your inflation figure, by the way. Just to let you know. They really fudge inflation how they come up with the inflation numbers. That’s a topic for another day.

So, what is the CPI index based on? And you’ll be horrified to realize food’s not in there, home heating fuel is not in there, gasoline is not in there. The only things in there are things that you don’t really need to survive and of course those things go up! The politicians are saving their jobs by telling you your economy is better than you think it is, even though you can’t afford anything. By the way, it is because of the politicians in Washington, DC, in both parties. They’re keeping you poor. They’re keeping you poor through a system called stagflation. And it’s just going to continue if we continue to hire politicians instead of businesspeople to run this nation. That’s been a problem that we’ve had probably for over 150 years. But it’s really come to light in the last 50 years…the problem is the professional politicians. They have replaced the citizen politician and they have become the Royal, the elite royalty of America. The elite royalty of America and lifelong politicians who spend a lifetime in the Washington DC swamp getting kickbacks from their donors to pass bills that hurt the average consumer. They send the average person out there to war or the poor people to war because their kids don’t go to war, but they get into wars all over the world in order to help the military industry make bombs and planes.

Who pays the price?

The consumer, the little guy, the middle class and the poor slob soldier over there fighting a war they have no business fighting, like in Afghanistan, Kuwait and all these other places and they wind up killed or getting maimed. And then we see these commercials on TV, you know, and I’m not saying these people are wrong like Wounded Warrior vets and stuff like that, building houses for the Warriors, but here we have to have private people taking care of our veterans when illegal aliens come over the border and they instantly get a $300.00 a night hotel, a $1600 a month credit card, a free telephone and they don’t have to live on the streets. But we have veterans that are wounded or who don’t have a job. That are literally homeless.

 I mentioned this often in other broadcasts. A veteran, I think one or two or maybe even 5 veterans, commit suicide every single day in America. That would be something to look up just on your own as I have forgotten the exact statistic. These are the things that they don’t happen to tell you or that you just don’t see or hear on the news or when reading your newspapers. You don’t read every day how many veterans died that day. You don’t read on any day about the Panama Canal not having boats go through it because of a water supply issue because they can’t float the big tankers and container ships to get them through. You’re not hearing the news you need to hear. You’re hearing it here. And I’m trying to explain to you what’s causing your inflation, what’s causing your misery.

Ronald Reagan called it the Misery Index. You take inflation and unemployment, and unemployment is not 3.8% when you have a work participation rate of 62%… What does that tell you? If 62% of the people who are eligible to work are working, that tells you that 38% of the eligible workers are not working. That’s a 38% unemployment rate and that is the true unemployment rate in America. The reason that people are not taking to the streets like they did during the Great Depression is we have a government bailing all of these people out with welfare, with EBT cards, to buy their food, giving free cell phones again and trying to give bread and circuses like the Ancient Roman Society…they do it to keep people from rioting in the streets. That is why we have a true 38% unemployment rate. You look at the participation rate…nobody pays attention to it…nobody pays attention to the prices of food for the most part, except you going out and buying it. But your politicians don’t care. They’re making their money. They’re getting their kickbacks..

You know, America is the only place that I know of where you can have a $200,000 a year job and become a billionaire. I don’t know too many people that can have 150 to $200,000 a year job and be able to play the stock market and win every single time and thus win more money than any expert, any Warren Buffett or anybody who makes a living on the stock market…how can they outguess them? How can that be?  Is it just simply the crooks? Well, let me explain…they know what they’re going to do because they are in charge of regulating the industries in Congress. They do this by buying their stock if they’re going to give them Benny’s or they’re going to hurt the stock and bet against the stock if they’re going to pass legislation to outlaw that type of business. So, these politicians have insider information. You know, the stuff that Martha Stewart went to jail for?

So, these politicians have insider information. You know, the stuff that Martha Stewart went to jail for? They knew every day what’s going to go up, what’s going to go down. So, you take a Nancy Pelosi, who makes hundreds of millions of dollars based on her thievery by knowing what’s going to be done. And her husband goes out and buys the stocks that she’s manipulating through legislation. That’s what she did in her term as Speaker of the House. This is The Plain Truth of why you’re in such misery today. You’re in misery today because of professional politicians. We’ve had other shows on this, and I didn’t want to get on this tangent, but I just have to say that.

We have to start paying attention to the real news and what you’re being fed in the New York Times and the Washington Post on ABC, NBC, CBS, on MSNBC. On CNN, on Fox, Fox Business, Bloomberg. Newsmax, you’re being fed lies every day.

Well, you’re going to be brain dead if you listen to them, and even if you listen to Fox News all the time, or Fox Business, or you even listen to Newsmax or these other so-called conservative media stations all the time. You’re not going to get the full news. You’re only going to get the news they want you to know. Because they’re trying to manipulate what you do.

We here on The Plain Truth, are trying to show you why things are happening. What is your future? What can you do maybe to change it? And you know, we want you to go to the website Jeremiah3227.com. That is one of the biggest things you can do to change it…go to the website and see what it is you can do? Is America going to do it on June 14th? I doubt it but I pray I am wrong…if I am wrong about anything in my life, I want to be wrong about what happens on June 14th because I want to see millions of Americans pray for this country and pray for it to succeed.