The Charlie Kirk Show - Tucker's Next Step: Join a Team, or Go Independent? with Glenn Beck and Rep. Matt Gaetz

00:00:00.000 Hey everybody, today on the Charlie Kirk Show.

00:00:01.000 Glenn Beck joins the program and Matt Gates.

00:00:04.000 We talk about Tucker, CBDC, who bombed the Kremlin and more.

00:00:08.000 Get involved with TurningPointUSA at tpusa.com.

00:00:11.000 That is tpusa.com.

00:00:13.000 Start a high school chapter and a college chapter today at tpusa.com.

00:00:18.000 Buckle up, everybody.

00:00:19.000 Here we go.

00:00:20.000 Charlie, what you've done is incredible here.

00:00:22.000 Maybe Charlie Kirk is on the college campuses.

00:00:24.000 I want you to know we are lucky to have Charlie Kirk.

00:00:27.000 Charlie Kirk's running the White House, folks.

00:00:31.000 I want to thank Charlie.

00:00:32.000 He's an incredible guy.

00:00:33.000 His spirit, his love of this country.

00:00:35.000 He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.

00:00:41.000 We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.

00:00:50.000 That's why we are here.

00:00:53.000 Brought to you by the Loan Experts I Trust, Andrew and Todd at Sierra Pacific Mortgage at andrewandTodd.com.

00:01:03.000 Joining us now is Matt Gates.

00:01:05.000 Matt, welcome to the program.

00:01:07.000 You're going to have to explain this one to me, Matt.

00:01:09.000 You are co-sponsoring a bill with Alexandria Acasio-Cortez.

00:01:14.000 Tell me why.

00:01:16.000 Yeah, I'll work with anyone and everyone to make Congress less corrupt.

00:01:20.000 And you can disagree with a lot of AOC's views.

00:01:23.000 I certainly do, and she probably disagrees a lot with mine, but we are not part of the bought and paid for caucus.

00:01:30.000 She holds her views sincerely, whether you like them or not, and so do I.

00:01:34.000 And one of the things that's really frustrating is when you even try to engage in debate with some of the colleagues, you don't get a sincere reaction or response to the substance of the argument because it's all about what stock trades they have, what lobbyists pay for their votes, and what interests they're beholden to.

00:01:52.000 The legislation I've sponsored with Congresswoman Ocasio-Cortez ends Congress insider trading stocks.

00:02:00.000 Members of Congress should not be allowed to trade individual stocks.

00:02:04.000 It's like letting the referee bet on the game.

00:02:07.000 And I can't believe we've allowed it to occur so frequently.

00:02:11.000 And when you look at the backgrounds of some of the representatives and then see the wizardry that they are able to deploy in their stock trades, it's really a head scratcher.

00:02:22.000 So I've heard you say that over $788 million of securities were traded last year.

00:02:27.000 So Matt, how is this different than the Stock Act?

00:02:30.000 I mean, is it kind of a joke, that Stock Act, basically?

00:02:35.000 Well, there were so many holes in the legislation that Nancy Pelosi allowed to move forward just a tad.

00:02:44.000 And that really doesn't provide the level of accountability we're talking about.

00:02:47.000 In our legislation, if you own any individual stocks today, you have to dump those into a blind trust.

00:02:55.000 And then the blind trust doesn't just manage those.

00:02:58.000 They have to actually dispose of those stocks, dispose of those securities within a period of 90 days.

00:03:04.000 So we have tougher penalties.

00:03:06.000 We have stricter divestment obligations for members of Congress.

00:03:11.000 And we clearly delineate.

00:03:12.000 You get to be either a lawmaker or an individual stock trader.

00:03:16.000 You don't get to do both.

00:03:18.000 And the conflict is so obvious to the American people.

00:03:21.000 You know, you get folks on the right, left, and even in the middle.

00:03:23.000 I want to give credit to Brian Fitzpatrick and Raja Krishna Morthy, two folks who kind of center right, center left.

00:03:30.000 And we think we've got all four corners covered with the coalition we've built.

00:03:34.000 Now we want to vote on the floor.

00:03:35.000 So Matt, I'm going to ask you to speculate a little bit here.

00:03:38.000 And I know it's going to be imprecise.

00:03:40.000 What percentage of legislative decisions are made with members' stock portfolio in mind?

00:03:49.000 I don't know if it's always the legislative decision.

00:03:52.000 That could be as low as 10 to 15%.

00:03:55.000 But there are ways members of Congress can impact stock prices without a legislative act.

00:04:01.000 For example, who a committee chairman calls before a hearing, how a particular CEO is treated with white gloves or going after them, whether or not you have requests for information, subpoenas that go out to particular entities.

00:04:16.000 If members of Congress have securities in a particular entity, then they function as part of the protection ring for that entity for stuff that you, the American people, will never see.

00:04:28.000 Yeah, so Matt, just so our audience understands, are you trying to say it's technically legal?

00:04:33.000 Let's just take Maxine Waters, who was previously chair of Financial Services Committee, if I'm not mistaken.

00:04:40.000 You're trying to tell me that Maxine Waters could subpoena Jamie Dimon and whoever else, and then before the committee meeting, she could short the stock of J.P. Morgan. 0.92

00:04:55.000 Are you trying to tell me that Maxine Waters, if she got private information?

00:05:00.000 What I'm trying to get at, wasn't Senator Burr investigated for this?

00:05:04.000 Wasn't Congressman Collins eventually convicted for this?

00:05:09.000 He might have been pardoned.

00:05:10.000 But the question is, how is it, where is the law failing right now?

00:05:16.000 Because there are some laws, but you're trying to say that there should be no trades at all whatsoever.

00:05:20.000 Is that correct? 0.99

00:05:22.000 That's correct, Charlie, because to get caught by our current suite of laws, you have to be universally so corrupt and so stupid that you explicitly lay out the insider information that you are acting on. 0.98

00:05:36.000 The problem is that right now, you don't really have an effective enforcement scheme to determine how those decisions are linked with trades and with actions as a lawmaker in the House of Representatives. 0.98

00:05:48.000 I just think we should go cold turkey.

00:05:51.000 I don't think we should try to shake this addiction in a 12-step program like some of the other bills that have been considered.

00:05:57.000 I think we just should just say no, this is not allowed.

00:06:00.000 If the deal of being a member of Congress isn't sweet enough for you without the ability to manage an individual stock portfolio, then just don't run.

00:06:10.000 We'll take folks who don't view that as central to their public service.

00:06:15.000 Yeah, and so then, but I mean, for example, Matt, are you allowed to then trade on information that is shared in private committee as well?

00:06:24.000 Is that currently illegal?

00:06:26.000 I mean, on non-public information?

00:06:29.000 Well, again, if you are trading on non-public information, technically that would violate the letter of the law, but there is not a robust enough enforcement regime to track.

00:06:40.000 And that's almost impossible, right? 0.84

00:06:42.000 I mean, for example, Nancy Pelosi has...

00:06:44.000 On the judiciary committee, right now, I know some companies that are going to get subpoenas.

00:06:48.000 I know them, you don't know them, and they're in the pipeline.

00:06:52.000 And so, you know, if some family member of mine, if I go out and engage in stock trades around those eventualities, shorting those stocks, because I know it's going to be bad news when these companies get these subpoenas, like you wouldn't necessarily be able to prove that it was the insider information, which is why those prosecutions don't get really developed.

00:07:13.000 But at the same time, I see how often the opportunities present, particularly around big tech, around the energy sector, and around particular committees where they have such an ability to shape how the market views individual securities by their actions or inaction.

00:07:32.000 And so you've introduced the bill.

00:07:34.000 I mean, it's kind of getting, it's kind of you're almost forcing Congress to regulate themselves.

00:07:37.000 I can't imagine this is going to be met with open arms, right?

00:07:42.000 Well, we want a vote.

00:07:44.000 And you know what, Charlie?

00:07:45.000 Probably it wouldn't pass if we had a vote on it.

00:07:47.000 One in four members of Congress are engaged in this activity now.

00:07:51.000 And I'm going to try to make the case to the other three out of every four members of Congress doing these trades that we don't need this, that this is not a way to build trust and confidence, regardless of which political party is in power.

00:08:04.000 And I guess what gives us some sense of momentum is it's pretty rare to have a pro-impeachment Republican, Brian Fitzpatrick, a Centrist Democrat, Raja Krishnamurthy, Alexandria Ocasio-Cortez, and Matt Gates all together on one legislative device.

00:08:20.000 Our hope is to force pressure on other members to join us or have to go explain to their constituents why we ought to have a system that allows nearly $800 million to get traded each year from lawmakers who have an oversized impact on the information space and on the market space.

00:08:42.000 It's going to be very interesting to see.

00:08:44.000 Again, I'm not immediately optimistic about it, but it's just nauseating how these lawmakers look at their ability.

00:08:54.000 Okay, I'm a lawmaker.

00:08:54.000 I get all this inside information.

00:08:56.000 I get to sweeten my stock portfolio.

00:08:58.000 And they wonder why Washington, D.C. is hated by the rest of the country.

00:09:02.000 And it really is something.

00:09:04.000 So I think it's an admirable and courageous effort, truly.

00:09:09.000 Look, it is time to consider a rollover of that 401k into an IRA.

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00:10:01.000 So Matt, I just want to ask your opinion here.

00:10:05.000 Who do you think droned the Kremlin?

00:10:09.000 I'm not going to talk about that, but I have been standing against this U.S. involvement in this European war.

00:10:17.000 I was one of the first three who tried to block the hostilities that I thought we were stumbling into.

00:10:26.000 It was me, Thomas Massey, and Marjorie Taylor Green.

00:10:28.000 Now there's close to 70 Republicans who hold my view, but we just heard Speaker McCarthy in Israel talk about how much more he thinks we need to do for Ukraine.

00:10:39.000 And that is not a position I agree with, respectfully.

00:10:42.000 I think that we need to do more for our own country.

00:10:44.000 And particularly when we're talking about raising the debt limit $1.5 trillion, maybe we shouldn't be securing the pensions of the government officials in Ukraine.

00:10:53.000 I saw your tweet earlier that really, I think, drew a more pointed criticism on this particular event with these drone strikes, but I'm just not able to talk about that open source.

00:11:05.000 I respect that.

00:11:06.000 So let's talk about the debt ceiling.

00:11:09.000 Where does that stand?

00:11:11.000 To your credit and the House Republicans' credit, that this is now on Biden, and he seems to just be very flustered over this.

00:11:18.000 How is this going to play out, Matt?

00:11:20.000 Well, I don't think you're going to like the answer to this, Charlie.

00:11:22.000 How it's going to play out is Chuck Schumer is going to hold weeks of hearings to distort the truth about the House plan.

00:11:29.000 He's going to make a cap on the growth of the federal budget appear as if we are going after veterans and seniors, which is completely nonsense.

00:11:40.000 And then I suspect the Schumer-Biden strategy will be to run out the clock, put our nation on the brink of default, and then send over either a clean increase in the debt limit or a mostly clean increase in the debt limit.

00:11:55.000 That'll be opposed by the fiscal hawks, which are an increasingly threatened and endangered species in the House of Representatives.

00:12:03.000 And there will be a broad, I think, bipartisan push to simply raise the debt limit, act as though we're studying federal spending going forward, and kick the fights to the appropriations process and the budgeting process, where those of us who seek to put downward pressure on spending will have less leverage.

00:12:21.000 So I'm not particularly optimistic, though I do believe that Speaker McCarthy and his team do deserve credit for at least putting a plan on the table that would be the most downward pressure on spending I've seen in my time in Congress.

00:12:34.000 Yeah, and we're seeing already the kind of bank collapse pattern, the overspending, the addiction to spending that Washington, D.C. has, and the impact that it's occurring.

00:12:47.000 Congressman.

00:12:48.000 Can we talk about, wait, can we talk about the bank thing for a minute?

00:12:51.000 Because like with no vote of the Congress, has Joe Biden not just nationalized the banking system in this country by securing deposits even when management fails, you now create this hyper-incentive structure for risk.

00:12:51.000 Yeah, go ahead.

00:13:08.000 Because if you drain the consequence for depositors who are over the FDIC limit out of the banking enterprise, then any bank manager of even a medium-sized banking system is going to have every incentive to do crazy risky things at the hopes of achieving some quarterly earning.

00:13:26.000 And if it all goes to hell, they just throw their hands up in the air and turn to the federal government.

00:13:30.000 This is a terrible thing for our economy.

00:13:33.000 And it happened without so much as a vote in the United States Congress.

00:13:36.000 Yeah, I mean, it seems as if they are nationalizing all the banks.

00:13:42.000 We had a great guest yesterday.

00:13:43.000 He wasn't the first one to say this, but they want to privatize the gains and socialize the losses, which is, I mean, you're allowed to make as much profit as you can.

00:13:51.000 If you dare have any sort of decline, we're going to then have the taxpayers swoop that up.

00:13:56.000 And so, Matt, we only have about a minute remaining.

00:13:59.000 What should House Republicans then do about this disturbing pattern of bank collapses?

00:14:07.000 Well, I don't think we should be captive to the banking industry.

00:14:11.000 And increasingly, the way people get on the Financial Services Committee is that the banks want them there.

00:14:16.000 So part of the broader reforms we want to make Congress more honest, less self-interested would certainly help.

00:14:23.000 But specifically, I think we need to disfavor, disallow, defund, and deauthorize any system by which the Treasury Department can literally nationalize the banking system.

00:14:33.000 And you said it perfectly, privatize the gains, socialize the losses.

00:14:37.000 Who do you think gets screwed in that system?

00:14:39.000 Regular Americans who just want a financial system that treats everyone fairly. 0.88

00:14:43.000 And the one they've built doesn't.

00:14:45.000 And it's on purpose.

00:14:46.000 And it's going to result in more inflation, more financial swings that crush regular folks.

00:14:51.000 And we have got to stand against that.

00:14:52.000 It's absolutely on purpose.

00:14:54.000 And I get asked sometimes, why are people so distrustful of the current economic orthodoxies?

00:15:00.000 I said, you have no idea.

00:15:01.000 The rich people get bailed out.

00:15:03.000 The muscular class has to write the check to bail them out.

00:15:05.000 And they get crushed.

00:15:06.000 And then they get told that their values are deplorable.

00:15:08.000 It's not an equation for a sustainable country.

00:15:10.000 Matt, thank you so much.

00:15:12.000 Thank you, Charlie.

00:15:12.000 Appreciate it.

00:15:13.000 Hopefully, we'll have a cheerier chat next time.

00:15:15.000 Yeah, and once you're willing to talk about it, tell me who bombed the Kremlin.

00:15:19.000 I'm very, very curious.

00:15:20.000 Much to discuss.

00:15:25.000 Hey, everybody, Charlie Kirk here.

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00:16:26.000 Joining us now is the prophetic and the very wise Glenn Beck.

00:16:30.000 Glenn, thank you for making time and joining the program.

00:16:33.000 Let's dive right into it.

00:16:34.000 Glenn, do you think Tucker Carlson is going to be able to get out of this contract mess, this struggle that he has right now with Fox News?

00:16:41.000 I have no idea what's in his contract.

00:16:45.000 I just know that it is important to understand they did not fire him.

00:16:50.000 He is still being paid, and they did that for a reason.

00:16:55.000 They'll continue to pay him.

00:16:57.000 So what do you, we didn't fire you.

00:17:01.000 You're still a consultant or whatever.

00:17:04.000 And that's an intentional move, but I think he could fight that in court.

00:17:10.000 I think it would take a while, but I think he could fight it in court and win.

00:17:15.000 Unfortunately, the time that elapses is really precious time.

00:17:20.000 And I'm a huge fan of Tucker Carlson.

00:17:23.000 I thought he was the only person that was on a platform the size of Fox that was telling the truth night after night after night.

00:17:31.000 He is a crucial voice to all of us.

00:17:38.000 And the Fox platform had to be dismantled because the left just cannot handle other people having other opinions.

00:17:49.000 And I thought he was very calm, collected, and he's just wicked smart as well.

00:17:55.000 So, Glenn, that's a perfect segue.

00:17:58.000 Do you believe this is ideological then?

00:18:01.000 Do you think the people in charge of the Fox network said, hey, we're going to take a ratings hit?

00:18:05.000 We have to get off.

00:18:06.000 We have to take the guy off that's challenging the Ukraine war and talking about adverse events of the vaccine.

00:18:10.000 Yes.

00:18:12.000 Yes.

00:18:12.000 And I don't think it could be an ideological, could be a theological thing, too.

00:18:17.000 I know Murdoch does not like God's stuff.

00:18:22.000 And Tucker was really going down that road, which I think everyone should.

00:18:26.000 That's our only answer is God.

00:18:28.000 We must return to God.

00:18:31.000 But I know when I was there, I had a real problem with the management.

00:18:36.000 They did not like the fact that I was talking about God all the time.

00:18:39.000 However, I think they didn't even think we'd take a ratings hit.

00:18:46.000 The philosophy from Fox is no one can be bigger than the network.

00:18:53.000 And the network will just carry on.

00:18:57.000 And the problem with that was when I was there, I was the first person to do prime time ratings at 5 o'clock.

00:19:05.000 I used to watch you every day coming home from school.

00:19:07.000 I'd go, watch Glenn.

00:19:08.000 You had a big impact on my life.

00:19:10.000 Thank you.

00:19:10.000 Right.

00:19:11.000 But when I left, we had trained people to watch at 5 p.m.

00:19:16.000 So the five, which is good, the five replaced me and it held.

00:19:21.000 But the rest of the network was healthy.

00:19:24.000 Now they have gotten rid of so many people.

00:19:27.000 Tucker was, for many people, kind of an island, and it was the last holdout for somebody who would say the really uncomfortable things that people felt were true.

00:19:42.000 When they did that, this is a Budweiser moment for Fox.

00:19:47.000 I really don't know if Budweiser ever returns to the number one beer in the country anymore because it was easy for people just to say, Give me a miller.

00:19:58.000 This now, when I left, it was only me and Major League Baseball that were streaming online live.

00:20:08.000 Nobody else had done it.

00:20:09.000 HBO wasn't in it.

00:20:11.000 Nobody was in it.

00:20:13.000 And when I started it at the Blaze, there was a lot of problems.

00:20:20.000 We still, we had to tell the audience, put up with buffering.

00:20:24.000 I don't even know if people even know what buffering is anymore, but it was riddled with problems.

00:20:29.000 Now it's not.

00:20:30.000 And the voices that people want to hear generally are online.

00:20:35.000 The only ones that are really watching Fox are the 70 Plus, and nothing wrong with 70 Plus, but when that dies, it's over.

00:20:46.000 It's over.

00:20:47.000 And I think this is a real death knell for Pox.

00:20:51.000 That's interesting.

00:20:52.000 And this is being debated.

00:20:53.000 And I think it is clear that they didn't anticipate this much of a dip.

00:20:58.000 No.

00:20:58.000 You're trying to say, I mean, they're down two-thirds.

00:21:00.000 It's the entire lineup, by the way, Glenn, has just been bombed.

00:21:04.000 I mean, we're talking about, I mean, it just ravaged.

00:21:06.000 We're talking about CNN doing some sort of trans special rerun is beating Fox now head to head.

00:21:13.000 I mean, you have like HLN that are beating.

00:21:17.000 If you look at the cable demo, you're like, oh my goodness, the whole Charlie channel is beating Fox in certain demos.

00:21:24.000 Charlie, when it was usual to put up 3 million viewers at 5 p.m. before I was on headline news, which no one watched.

00:21:34.000 No one.

00:21:36.000 I had higher ratings at Fox, I mean, at headline news than Fox did in the demo this week.

00:21:46.000 That's insane.

00:21:48.000 We had nobody watching at headline news.

00:21:51.000 Nobody.

00:21:52.000 You were trapped in an airport if you were watching us.

00:21:55.000 And that's the kind of numbers Fox is putting up in prime time.

00:21:59.000 I don't know how you recover from that, especially.

00:22:02.000 Look, what people don't understand is the true conservative is not playing a game.

00:22:10.000 This isn't fun.

00:22:11.000 We're not doing it as a sport.

00:22:13.000 Most of us are tired of it.

00:22:16.000 We don't want to deal with it.

00:22:17.000 We want it to just end.

00:22:19.000 But we are seeing our country.

00:22:22.000 I've met many people who are now for the first time going through mourning for their country.

00:22:28.000 They are, they'll see things or they'll hear things and they'll just burst out into tears because they're in mourning for their country.

00:22:35.000 I went through that in 2010.

00:22:39.000 It's rational, reasonable to go through that.

00:22:42.000 Get through it right now as fast as you can because now we need you back on the line.

00:22:47.000 And when you betray people who are true, everything in me, I will stand, Charlie, with you till the bitter end unless you betray the values and the principles that we're both speaking for.

00:23:04.000 You betray the values of God.

00:23:07.000 You betray the values of our founders and founding documents.

00:23:11.000 I can't stand with you.

00:23:12.000 And if you really betray them, I'm out.

00:23:15.000 You do it over and over and over again.

00:23:17.000 I'm out.

00:23:19.000 I'll never do anything or watch you or anything.

00:23:21.000 That's the way America is right now on the right.

00:23:24.000 Isn't that a positive development, though, Glenn?

00:23:26.000 I mean, isn't it somehow positive of hope that the hit is happening, right?

00:23:30.000 I would be a little bit cynical.

00:23:32.000 Just a minute remaining, Glenn.

00:23:35.000 Why does that give you hope?

00:23:37.000 Movements changed 10 years ago.

00:23:38.000 People didn't change their habits that much, just a little bit, but not like that.

00:23:43.000 Let me say something that I think might be more useful.

00:23:47.000 I think it is important because we are changing and we are waking up a majority of us.

00:23:53.000 The bad news is.

00:23:54.000 Tucker Carlson, everybody's moving online on their own platforms.

00:23:59.000 We must start looking at this like cable television.

00:24:03.000 People can't afford $10 for that guy, $10 for that guy, $10 for that guy, and $10 for that guy and get four shows.

00:24:12.000 They can't do that, especially now.

00:24:14.000 We've got to find ways to come together and consolidate so we can get our voices out to as many people as possible.

00:24:24.000 You're exactly right.

00:24:25.000 An entrepreneurial billionaire needs to go to Blaze, Daily Wire, Charlie Kirk Show, Bannon, and come up with some sort of an amazing user experience and basically have it, hey, you don't have to pay any extra money, but we can somehow have an umbrella almost, right?

00:24:45.000 But the problem, Glenn, and this is the issue, only 20 seconds talking about the break, to get Daily Wire and Blaze and Rav and Bannon, to get conservatives to work in harmony.

00:24:55.000 We're entrepreneurial, right?

00:24:56.000 We're entrepreneurs.

00:24:57.000 We're individualists.

00:24:58.000 But Glenn, why is that so hard?

00:24:59.000 One minute in this short segment, then we welcome you.

00:25:01.000 I think it's hard because people will not surrender the empires.

00:25:07.000 I don't really care who gets the credit or whatever.

00:25:10.000 We've got to come together.

00:25:11.000 And it should be easy if we would develop some sort of a YouTube that was safe and controlled by the right.

00:25:21.000 So everybody could be paid for their own thing based on the usage or whatever.

00:25:27.000 There are ways to do it and not interfere with one another.

00:25:31.000 So nobody has to take responsibility for something I say except for me.

00:25:36.000 And that's really, really important.

00:25:38.000 It could be done, but we have to put our egos aside and come together for the good of the country.

00:25:46.000 Yeah, and it's going to be difficult, but it's important.

00:25:50.000 I think it'll be impossible if Tucker goes out on his own.

00:25:53.000 Well, Tucker could lead the charge, right?

00:25:56.000 If Tucker decides to say, hey, we're going to have a place where we have symmetry, where we have symmetrical messaging, right?

00:26:02.000 Yes.

00:26:02.000 Within these guidelines, none of that neocon open border stuff, but within some sort of harmony.

00:26:10.000 This is Charlie Kirk, and we're saving babies at Pre-Born.

00:26:13.000 What are you doing today?

00:26:14.000 When you introduce a girl to her baby by providing an ultrasound, you're giving her the truth at the most important time in her life. 0.53

00:26:20.000 And more than 85% of the time, when she sees the baby and hears that baby's heartbeat, she will choose life.

00:26:27.000 And what better time than to do it than May, the month we celebrate motherhood?

00:26:31.000 $140 gives just five mothers a free ultrasound and saves babies.

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00:26:37.000 And just $28 a month can save a baby a month for less than $1 a day.

00:26:41.000 And a $15,000 gift will provide an ultrasound machine that will save lives for years to come.

00:26:45.000 Whether you want to save one baby or five or hundreds, that opportunity is a phone call or click away.

00:26:50.000 Maybe this month you could provide ultrasounds in honor of your mom.

00:26:53.000 Check it out.

00:26:54.000 Pre-born is wonderful.

00:26:55.000 Go to preborn.org slash Kirk.

00:26:57.000 I am a donor and you should be as well.

00:26:59.000 Call 833-850-BABY.

00:27:01.000 That's 833-850-2229 or go to preborn.org slash Kirk.

00:27:07.000 Great organization, preborn.org slash Kirk.

00:27:13.000 Glenn, can you walk us through your opinion on the current banking collapse and crisis happening in America right now?

00:27:20.000 Yeah, this is Excuse me, this is not over by any stretch of the imagination.

00:27:29.000 We have severe problems.

00:27:31.000 People should not worry.

00:27:32.000 Now, listen to me carefully because there's a lot of nuance here.

00:27:39.000 People should not worry about their money in the bank.

00:27:43.000 Unless you have more than $250,000, you're not going to lose your money and your savings.

00:27:51.000 And here's what you need to understand.

00:27:53.000 People will say, yeah, but the government can't cover everything.

00:27:56.000 No, neither could the Weimar Republic, but they will print their way to covering everyone. 0.98

00:28:02.000 So you will get, if you have $100 in the bank, you will get $100 back.

00:28:08.000 You shouldn't worry about the safety of your money in the bank.

00:28:12.000 You should worry about the value of the money that you have.

00:28:17.000 That's what's being destroyed.

00:28:18.000 And I believe it's being destroyed intentionally.

00:28:22.000 I think there was no way out after we did this diabolical experiment.

00:28:28.000 And they started going towards CBDC.

00:28:31.000 That's what's coming at the end of this road.

00:28:34.000 But along the way to that, which is a nightmare, by the way, because it's complete and total control, along the way, there's going to be massive wealth destruction.

00:28:44.000 We could end up looking like Venezuela because we were at 80 or 70 something percent of the world's reserve currency.

00:28:57.000 That means all of it.

00:28:58.000 Yeah, it's something like that.

00:29:00.000 You know, it's lower than that.

00:29:01.000 Oh, wow.

00:29:01.000 It's now in the 40s.

00:29:02.000 It's now in the 40s.

00:29:03.000 This is happening in the time.

00:29:04.000 Yeah.

00:29:05.000 Yeah, and it's happening faster now than it has in the last 10 years combined.

00:29:11.000 So it's moving rapidly.

00:29:13.000 That will change the landscape.

00:29:16.000 My concern is that we have China, we have Russia, we have Iran, we have all kinds of people that would like to collapse our system. 1.00

00:29:27.000 And I believe that the people that also want to collapse our system are the banks of the Federal Reserve.

00:29:34.000 And who's winning?

00:29:36.000 If you just play the game of follow the money, who's winning?

00:29:39.000 The American people are losing because we're going to be handed either through fees or on taxes, most likely fees.

00:29:49.000 They have to get this money back and claw it back from you.

00:29:51.000 So those big banks are going to start charging all kinds of fees.

00:29:56.000 There won't be any competition because as these regional and smaller banks collapse, who wins?

00:30:02.000 That's right.

00:30:03.000 JP Morgan, Google Fargo, Citibank, Bank of America.

00:30:07.000 And they get all of it.

00:30:08.000 And they're all the Fed banks.

00:30:10.000 Yeah, that's right.

00:30:10.000 So the SIB banks, right?

00:30:13.000 Where their losses are socialized and their gains are privatized.

00:30:16.000 Correct.

00:30:17.000 All members of the Federal Reserve.

00:30:20.000 That's right.

00:30:20.000 So we are nationalizing our banks without nationalizing because it's not the United States government.

00:30:26.000 It's the Fed.

00:30:27.000 But I don't know.

00:30:28.000 I don't know who has the bigger power, the government or the Fed.

00:30:32.000 And I know they're in bed with each other.

00:30:34.000 But who's ruling who?

00:30:35.000 And it's even worse because then you have JPMorgan and BOA that finance all these left-wing causes.

00:30:39.000 I mean, they're like woke superpanks masquerading as banks.

00:30:42.000 So just really quick, Glenn, because you mentioned this, our audience is not totally familiar because you talk about it more than we do.

00:30:47.000 What is CBDC, centralized bank digital currency?

00:30:50.000 Mint and a half.

00:30:51.000 Yeah.

00:30:51.000 Do the best you can.

00:30:52.000 Okay.

00:30:53.000 Digital currency is like Bitcoin, except absolutely not.

00:30:58.000 All of the things that make Bitcoin good, the fact that you can't track it, it's secure, blah, blah, blah, is gone with a central bank digital currency.

00:31:09.000 There will be one bank in the end, and there will be one currency, and it'll all be digital, and it is programmable.

00:31:16.000 So the idea behind modern monetary theory, which we are now doing in Washington, is we can print as much money as we want.

00:31:23.000 We can make as many digital coins as we want, but we have to have control of the user.

00:31:28.000 So all Americans will only be able to use this digital currency from the Fed, which if there's inflation or if you're out of favor, they can turn your money off.

00:31:41.000 So you can't buy gas anymore, or at least for a couple of weeks.

00:31:46.000 It is total control, and it is a socialized rating system like they have in China. 0.82

00:31:53.000 That's what we're headed for.

00:31:54.000 ESG is the introduction.

00:31:56.000 ESG is the test run for a social credit score.

00:32:00.000 Glenn Radaton.

00:32:01.000 Correct.

00:32:01.000 Thank you so much for being generous with your time and your wisdom.

00:32:03.000 Thanks so much.

00:32:04.000 You bet.

00:32:04.000 Thank you.

00:32:05.000 God bless.

00:32:06.000 Thanks so much for listening, everybody.

00:32:07.000 Email us your thoughts.

00:32:08.000 As always, freedom at charliekirk.com.

00:32:11.000 Thanks so much for listening and God bless.

00:32:15.000 For more on many of these stories and news you can trust, go to CharlieKirk.com.

The Charlie Kirk Show - May 05, 2023

Tucker's Next Step: Join a Team, or Go Independent? with Glenn Beck and Rep. Matt Gaetz

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