04/25/25 Housing Crashes While Shelves Empty: Bannon Confronts Musk's Billions

In this episode, Ted and Austin Broer analyze developing economic crises while exposing concerning technological agendas and offering insights into shifting global power dynamics.

The father-son duo begin by examining Steve Bannon's pointed criticism of Elon Musk, who Bannon urges to provide detailed accounting of the waste and fraud uncovered by the Department of Government Efficiency (Doge). Ted explains how Bannon highlighted the unsustainable $1.3 trillion federal deficit while advocating for tax cuts through reduced Pentagon spending rather than higher taxes. They connect this to the broader issue of accountability among elected officials, noting George Santos' upcoming sentencing for wire fraud and aggravated identity theft, facing 75-87 months in prison.

Housing market concerns take center stage as they analyze alarming new data showing U.S. home sales plummeting to their lowest level since 2009, with March 2025 sales down 5.9% from February. Both hosts explain how elevated mortgage rates and growing inventory are creating downward pressure on home prices, drawing parallels to the 2007-2008 housing crisis.

International tensions receive scrutiny through their discussion of a senior Russian general's assassination in a car bombing just before a scheduled meeting with President Trump's special envoy. They explore the geopolitical implications of this targeted killing amid ongoing Russia-Ukraine tensions.

Trade issues feature prominently with their analysis of how tariffs are reshaping U.S.-China commerce, with many companies ceasing Chinese imports entirely. Ted predicts significant shortages of electrical machinery, TV parts, and other consumer goods as container bookings decline sharply, highlighting America's dangerous dependence on foreign manufacturing.

The most provocative segment covers what they describe as propaganda surrounding the AI race with China. When discussing an article by early AI investor Khosla warning that American failure in AI development could lead to global imposition of Chinese communist ideology, Ted dismisses it as "garbage" designed to justify accelerating the AI agenda. Both hosts express profound skepticism about tying AI to an entity named "Lucifer," suggesting the technology ultimately serves the same controlling interests regardless of national origin.

Additional topics include cultural Marxism's impact on family dynamics, declining consumer spending at salons as an economic indicator, and the dairy industry's belated removal of artificial dyes from school foods.

The episode concludes with promotion of their NSA product and expressions of gratitude for listener prayers and support.