'American, Beyond Our Means'? - 9⧸13⧸18
Episode Stats
Length
1 hour and 50 minutes
Words per Minute
167.4471
Summary
On September 15th, 2008, the Lehman Brothers collapsed, kicking off the 2008 financial crisis. After a decade of trying to fix the banking system, could this happen again? Have we fixed things or made it worse? Are we even talking about it?
Transcript
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The Blaze Radio Network, on demand, Glenn Beck.
00:00:08.200
Exactly 10 years ago this week, all of our lives changed.
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On Tuesday, our attention, rightly so, was focused on what happened 17 years ago, the week of 9-11.
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But seven years later, on September 15th, Lehman Brothers collapsed, kicking off the 2008 financial crisis.
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New York City, again, ground zero for another tragedy.
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The shockwave reverberated across all of the globe.
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We were told, and I believe, that the entire financial system of the Western world was on the ropes.
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The question that we should be asking ourselves this week.
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One, when it comes to Islamic extremism, are we better or worse than we were?
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Four, 17 years ago, are we even addressing the problem?
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Two, after a decade of trying to fix the banking system, could this happen again?
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Some people say the record amounts of global and corporate debt will trigger the next crash.
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Some say a global currency crisis is about to explode.
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Others fear that it's protectionism and tariffs.
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To be honest, all of these things could trigger a next crash.
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Each scenario has the potential to make what happened in 2008 seem like a slight road bump.
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Imagine if all of these scenarios happened one domino at a time.
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It would be a catastrophe beyond anything the world has ever experienced.
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But I haven't even mentioned the biggest scenario.
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There are so many scenarios out there and experts are even more worried about something that I really didn't take seriously.
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I didn't think anyone else was taking seriously.
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They provide clearing and settlement for financial markets here in the U.S.
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They released a report outlining their number one fear.
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All of the scenarios I've just laid out are all likely.
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And on the last one, they're not just a few people worried.
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A few months ago, the government published a similar report drawing the same conclusions.
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These findings came from the Financial Stability Oversight Council, which is chaired by the Secretary of the Treasury.
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This isn't some kooky, you know, harebrained conspiracy theory.
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Both the government and private business thinks a cyber attack will be the root cause of a global crash.
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How is this information not being reported all over the country this week?
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The report details how a nation-state cyber attack will begin by targeting what's called systematically important financial institutions.
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These are banks like the Bank of America, J.P. Morgan, or the bank formerly known as Lehman Brothers.
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But they can also be giant hedge funds or insurance companies like AIG.
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The Lehman Brothers' collapse was the first shot of the 2008 crash.
00:04:04.200
And experts are now saying something similar will happen during the next one.
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A hostile country like China, Russia, or even North Korea would trigger a run on one or multiple systematically important institutions.
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From there, the global system would begin to unravel just as it did before.
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But this time, it would happen as a global and corporate debt scheme is at record levels.
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As global currency crisis brewing, with a trade war escalating, all between the two largest economies in the world.
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We should probably take a moment and talk about things that are real.
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And it will be profoundly devastating and or profoundly marvelous.
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Some of it is going to be horrifying and extraordinarily destructive.
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I want to, on the heels of that, I want to show you something that came out.
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Stu handed this to me yesterday and he said, Glenn, I don't think this is a prediction prediction.
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But this is something else you railed on for how long and it's come true.
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And we never really had on the record evidence of it.
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We had a lot of back, you know, backroom meetings, a lot of people at high levels who came to you and told you these exact things, but it would never go on record with it at the time.
00:06:05.260
You know, some of the people that we would come to when asked about it, they would go on the record and they'd be like, no, that's no, no, we're fine.
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But behind the scenes, they would be telling me, you've got to keep going.
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You need to look over here because that's why you're right.
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And I would come on and I would say, I'm telling you these people, I can't tell you their names, but I'm telling you they're coming to me and they are telling me these things.
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Don't listen to what you're hearing on television because everybody knows.
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Finally, the Financial Times has run a story and you'd have to ask yourself, why are they running this story?
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Back into September 2008, a failure of AIG, many believed would mean an instantaneous collapse of the European banking system, which held much impaired U.S. credit.
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Back in September 2008, this is the new Financial Times story.
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Back in September 2008, a failure of AIG, that was that insurance company, many believed would mean an instantaneous collapse of the European banking system, as if that's not bad enough, which held much impaired U.S. credit.
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We are living so far beyond our means right now.
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If the world goes into collapse, we have no money.
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If Europe goes down, who's buying any of our credit?
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If China suddenly turns on us or goes down, who's giving us money to be able to afford the things that we claim we must have on top of who's buying our products?
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It's time to admit that I once deliberately withheld important information from the readers.
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But a decade on from 2008 crisis, I need to discuss it.
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The moment came on September 17th, two days after Lehman declared bankruptcy.
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That Wednesday was, for me, the scariest day of the crisis when world finance came closest to all out collapse.
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But I didn't write as much in the Financial Times.
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Two critical news items had broken out on that Tuesday night.
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It needed it because it had to pay up for credit default swaps transactions that it had guaranteed.
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Without those guarantees, bonds sitting on banks' balance sheets and assumed to be of no risk would instead be deemed worthless.
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Gosh, there is so much in just that one sentence.
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That would instantly render many of the banks holding them technically insolvent.
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So these credit default swaps, which was one of the main problems that we had in 2008.
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Don't worry if they go down because they're of really no risk.
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You can count them on your books as good as gold.
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Well, as soon as they went to zero, the banks didn't have any money to their name.
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Even though it was paper, they didn't have any money to their name.
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So the government had to step in and bail out AIG, the insurance company, so the insurance company could say, yes, those things, that paper that's actually worth zero, we're going to give you the money.
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If this isn't everything you learned in Jimmy Stewart's It's a Wonderful Life, I don't know what is.
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Meanwhile, the Reserve Fund, the largest U.S. independent money market mutual fund, announced a loss of its holdings of Lehman bond.
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As a result, the price would fall below $1 per share.
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The Reserve Fund, listen to this, the largest U.S. independent money market mutual fund.
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Do you have any of your retirement money in mutual funds?
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In 2008, the largest independent mutual fund announced that because of Lehman Brothers, it had so many of their bonds in Lehman Brothers,
00:11:22.920
that they would now fall below $1 per share, which would have meant that everybody who had any retirement savings in those mutual funds, gone.
00:11:33.600
This was terrifying because money market funds, which hold short-term bonds, were treated as guaranteed.
00:11:42.340
No money market fund had ever broken the buck, fallen below the price of $1.
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The funds were vital customers for short-term debt.
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Without them, how could banks or big companies fund themselves?
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Investors rushed to pull money out of money funds, while the fund's managers dumped corporate bonds for the safety of treasury bills.
00:12:07.380
The solvency of Wall Street's biggest banks was now in question.
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Amid chaos, the yield on treasury bills fell to its lowest since Pearl Harbor.
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Desperate people needed safety, and interest rates no longer mattered.
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Unlike 2007's run on Northern Rock in the UK, none of this was visible.
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Lines don't form around the block to buy T-bills.
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But the Wall Streeters I spoke to thought the banking system was at risk of failing.
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As this happened, I realized, this is the writer reporting this,
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I realized I had a lot of cash in my bank account at Citibank.
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I was above the limit covered by the U.S. deposit insurance, which was at the time $100,000.
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So if Citi went bust, once an inconceivable event that I could now imagine,
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I could lose everything over $100,000 for good.
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I planned on taking half of my money out and putting it into account at a Chase branch next door.
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That would double the number of money that I had insured.
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Because we were in Midtown Manhattan, surrounded by investment banking offices,
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at Citi, I found a long line, all well-dressed Wall Streeters.
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Next door, Chase was also full of anxious-looking bankers.
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Once I reached the relationship officer, who was great,
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she told me that she and her opposite number at Chase had agreed on a plan of action.
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Using bullet points, she asked if I were married and had children.
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Then she opened accounts for each of my children in a trust, the joint account with my wife.
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In a few minutes, I had quadrupled my deposit insurance coverage.
00:14:04.920
I was now exposed only to Uncle Sam and not to Citi.
00:14:10.460
With a smile, she told me she had been doing this all morning.
00:14:14.240
Neither she nor her friend at Chase had ever requested to do this until this week.
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But it was only happening in the New York Financial District.
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People panicking were Wall Streeters who best understood what was going on.
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All I needed to do was get a photographer to take a few shots of the well-dressed bankers
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lining up for their money and write a caption explaining it.
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Such a story on the Financial Front page of the Financial Times would have been enough
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Our readers went unwarned, and the system went, without that final prod, into panic.
00:15:01.660
But the next crisis will not be about banking, but the insidious danger that pension funds
00:15:07.840
deflate, leaving an entire generation without any money to retire.
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All of our competitors also shunned any photos of Manhattan bank branches.
00:15:24.880
The right to free speech does not give us the right to shout fire in a crowded cinema.
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I mean, there's no free speech limitation on taking pictures of a bank having run out of a bank.
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He says there was the risk of a fire, and we might have lit the spark by shouting about it.
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A few weeks later, the deposit protection was raised, blah, blah, blah.
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Ten years ago, U.S. banks, virtually the only players in the financial world,
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They delivered and built up capital, and the risk of sudden collapse is now far more distant.
00:16:03.320
The problem now is the disposing of that risk has obstructed the task of reducing other risks.
00:16:09.720
Now risks lie in bloated asset prices, leveraged investments, and pension funds that hold them.
00:16:17.740
The next crisis will not be about banking, but the insidious danger that pension funds deflate,
00:16:28.400
The bad news is, this is a crisis whose solution can always wait until another day.
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The good news is, I need not stay quiet this time.
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But again, he protected himself, and his readers didn't get that information.
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He has information that the general public does not have.
00:17:10.940
But we believe we have a responsibility to tell you the truth on what is going on.
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Yeah, it's more of a journalistic question in some ways.
00:17:22.260
You don't want to send the country into a panic.
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But on the other hand, you're protecting your hundreds of thousands of dollars.
00:17:27.840
Well, the average person is going to lose everything.
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Please, please pay attention to where your retirement money is.
00:17:49.040
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00:19:24.920
Tonight at 8 o'clock Eastern, I'm doing a live virtual book signing.
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You have to go on now and register and you can ask questions and I'll be answering them tonight live.
00:19:50.020
I'd love to, if we can't meet, we're on tour, but you don't happen to be around one of the cities we're in.
00:19:55.380
This is a way to get your autographed book and also be able to chance to at least virtually meet.
00:20:00.380
LiveSigning.com slash BECK tonight, 8 p.m. Eastern.
00:20:10.120
So some good news for South Carolina, kind of, and North Carolina.
00:20:14.260
The hurricane has been downgraded from yesterday.
00:20:22.280
We were thinking yesterday at this time it might be a Category 5.
00:20:26.400
However, the storm surge is what they're worried about now.
00:20:30.520
Not necessarily the winds, but this thing is coming onshore and it's a storm surge of anywhere from, what is it, 6 to 16 feet?
00:20:47.120
If you can help, we, yesterday, we sent out a couple hundred semi-tractor trailers.
00:20:54.500
I think we had about 250 of them on the road yesterday.
00:20:57.400
They had supplies, water, you know, chainsaws, heavy equipment.
00:21:01.460
Everything that you would need to be able to start to dig out of something like this.
00:21:07.440
Those trucks are already parked and out of the way of danger, but ready to go in as soon as things settle down.
00:21:15.600
We also have, we have Operation Barbecue, which is this great charity that we've done all kinds of work.
00:21:21.820
They just got out of California for the wildfires.
00:21:24.400
And now they're headed over for the opposite, for too much water.
00:21:38.280
If you would like to help, please make a donation to mercuryone.org.
00:21:45.120
We are always, you know, the first in and the last to leave.
00:21:54.860
We have Aaron Watson on the phone because he's doing something for still the hurricane victims in Texas because everybody has kind of moved on.
00:22:04.860
But a lot of people in Texas have not been able to move on yet.
00:22:15.420
I hear your voice all the time because I listen to your music.
00:22:17.700
But, you know, you could listen to the show and you could hear my voice.
00:22:20.780
Well, I was just trying to be friendly, you know.
00:22:29.940
Because you just put out a new CD, if you even call them that now.
00:22:41.020
So we recorded our performance at the Houston Rodeo back in 2017.
00:22:46.680
And we were planning on putting it out about the time that the hurricane hit the Texas coast.
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We just didn't feel like promoting an album while, you know, such a large part of the state
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So we really just kind of put it on the back shelf.
00:23:09.500
At some point, I thought we would never even put the album out.
00:23:16.860
We could put this album out on the one-year anniversary of when Hurricane Harvey hit Houston
00:23:26.520
And we could use that to raise some money for those 41 counties that were affected.
00:23:31.580
You know, when there's billions of dollars of damage and millions of people affected,
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12 months later, you know, the mess isn't cleaned up.
00:23:39.380
So we just thought it would be a great opportunity for us to give back.
00:23:52.000
And we did the $1.41 just to let people know that there's 41 counties that were affected.
00:23:57.860
I mean, I don't think people understand just how big Texas is,
00:24:00.720
but those 41 counties are probably larger than a lot of states.
00:24:04.960
And so, you know, we did a showdown in Houston a couple weeks back when we released the album.
00:24:14.780
There's still people who have not got to move back into their homes.
00:24:18.100
So we're trying to raise some money and also raise awareness
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and let people know there's still folks out there that need some help.
00:24:24.900
So Aaron Watson, if you don't know who Aaron Watson is and you're a country music fan,
00:24:34.160
And his music is, I mean, right from the heart.
00:24:40.240
I was going to say, I want to make sure I'm accurate on that.
00:24:44.640
My favorite country music artist is Aaron Watson.
00:24:48.860
And this is a great recording of, I mean, if you're in country, you know,
00:25:00.940
Well, man, I tell you what, you know, when I got to play your Mercury One event, it's very inspiring.
00:25:07.600
I mean, it can be overwhelming that the world has so much need out there.
00:25:15.440
You just keep on giving back and you keep on finding ways to help people out.
00:25:19.200
So I just want to commend you guys for the example that you're setting for all of us.
00:25:25.560
Aaron, well, Aaron Watson.com, Aaron Watson.com.
00:25:28.860
You can buy it on, I assume you can buy it on, you know, iTunes or wherever else.
00:25:39.520
There's one song on there, Glenn, that's not live.
00:25:42.300
During the hurricane, I wrote a song called Higher Ground because while there was all this,
00:25:48.780
you know, controversy a year ago, and there still is, you know, whether it's politics or whatever,
00:25:55.520
there's all, you turn on the news and it's bad news and bad news and bad news.
00:25:59.080
I wrote this song, Higher Ground, because I was really inspired by the way people were
00:26:05.880
coming together down along the South Texas coast and helping each other out.
00:26:11.020
Different colors, races, religions, you know, they were showing each other kindness.
00:26:16.220
And it really set a great example for all of us to like, you know what, we're all on the
00:26:24.260
So I wrote that song just kind of in honor of everyone who's been through these tough times.
00:26:35.720
You know, it's amazing that it was a year ago, isn't it?
00:26:48.060
It's, you know, and, you know, one, the next week, there's another hurricane or another
00:26:59.780
If you also would like to donate, we could really use your help at mercuryone.org.
00:27:06.400
We are so deep in so many things right now, and it's all because of you, mercuryone.org.
00:27:41.820
You know, man, if he just would, if California would have banned straws a couple weeks earlier,
00:27:50.000
I was, I decided to go over to the New York Times, see how their coverage was going for
00:27:58.160
Now, every time a snowstorm comes in, they say, you can't, you snowstorm in a time where
00:28:04.820
They say, well, of course you can't blame any individual storm on global warming.
00:28:10.360
But every time there's a hurricane, there are stories blaming that individual storm on
00:28:18.020
Obviously we went through, what, 15 years without hitting any major hurricanes really hitting
00:28:23.460
But now that, you know, we've had a couple of years now with, with big ones, we're going
00:28:30.500
And by the way, this is going to hit ground likely as a category too.
00:28:38.280
Is because the federal government said that they would start to cover insurance for homes
00:28:48.340
Before then, you couldn't have, you couldn't get your insurance.
00:28:55.420
If you were really, really wealthy and you were like, ah, if I, my home is destroyed, I'll
00:29:04.160
But as soon as we said, as taxpayers, I'm sorry, as soon as the government said, as
00:29:10.740
taxpayers, we will just take the money from them and give it to the people who are building
00:29:20.120
All kinds of communities sprung up and we're on the hook for it every single year.
00:29:25.880
Now, we have to be there to help people, but please don't tell me that when a category
00:29:32.020
two comes ashore that this is because of global warming.
00:29:43.960
And in the last 117 years, since 1900, okay, from 1900 to 2017, the trend of both hurricanes
00:29:51.960
hitting the continental United States and major hurricanes, because the concept, both
00:30:00.040
It's about, it's not a huge, a huge decrease, but it is a decrease.
00:30:05.480
The concept is, of course, that it's not that at first they said they were going to be larger
00:30:11.040
Then when they realized the science didn't support the more frequent thing at all, they
00:30:15.960
And this is what they were doing with, with Florence.
00:30:17.720
They were saying, look, the water's warmer and the water, water is warmer.
00:30:20.880
And the reason, you know, that means it's going to strengthen all the way to the coast
00:30:25.680
Now we're seeing the opposite happening where it's actually breaking apart and it's going
00:30:29.880
There's still going to be some major problems for major problems.
00:30:32.520
This is not a, this does not mean, hey, okay, I guess I'll stay at home on the coast
00:30:38.260
But the point is when it comes to global warming is now they're saying, well, now it's
00:30:42.880
They just keep picking up these different arguments when the last one fails.
00:30:46.780
Well, even major hurricanes are down since 1900.
00:30:49.640
Major hurricanes, if they were, if they were getting stronger, then they would not have
00:30:56.340
But yet it's, it is what, what is actually happening.
00:30:59.320
And of course the cost is solely because as you point out, people are building on the
00:31:04.360
They're not only building on the shore, they're building on the shore in large homes that are
00:31:11.920
And then when those things come in and they do have problems, the cost is astronomical
00:31:19.160
There's a, um, uh, there's a graphic that's been floating around, um, uh, social media,
00:31:26.060
Just showing the difference in development of North Carolina from when 1954, the hurricane
00:31:32.160
I mean, and you think about it when people used to have things on the beach or, you know,
00:31:37.740
on the waterfront, they used to be like cabins.
00:31:43.260
Now they're these giant, you know, multi-million dollar structures.
00:31:47.760
And even, yeah, and they're really expensive and they're bigger and there's more stuff in
00:31:52.420
For example, since the 1970s, the average home, not just the ones on the water, but the average
00:31:57.240
home in the United States has increased by 1,000 square feet.
00:32:01.920
Now, back in the day, the home I grew up in was about 1,000 square feet total.
00:32:06.960
The average house now is over 2,500 square feet.
00:32:10.640
And what they're, I mean, think about how much more it's newer stuff.
00:32:19.140
So all of these things combined to, of course, when these things hit, there's a lot more damage.
00:32:23.880
The insurance shouldn't be as cheap and subsidized by the government.
00:32:28.180
It should be more difficult to acquire because if that were true, people would take more risk
00:32:34.480
assessment into their decision to move to the water.
00:32:37.620
And look, I think it's totally your right to go to the water.
00:32:40.140
But, you know, the idea that the government should be subsidizing people's multi-million
00:32:49.020
I don't have a waterfront property, you know, and I could afford one.
00:32:58.140
Well, I mean, I know somebody who bought something down in Galveston a year before the storm came
00:33:05.820
I mean, they were flooded a couple of weeks ago.
00:33:14.360
I shouldn't be taking money from your paycheck for you to pay for my insurance.
00:33:21.920
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This is why ZipRecruiter is rated number one by employers in the U.S.
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And right now, you can try it for free at ZipRecruiter.com slash Beck.
00:34:25.260
The one, the only, Mr. Mike Rowe is joining us in about 35 minutes.
00:34:31.120
We also have Cal Turner on, and he's just put a new book out, My Father's Business.
00:34:37.820
He's the guy who, you know, created all the Dollar General stores.
00:34:43.400
And a fascinating, a fascinating tale and a great story for entrepreneurs and the American spirit.
00:34:53.840
Also, I need to tell you about, you know, the Facebook and Twitter bans that are happening.
00:35:02.540
And I am growing very concerned that your voice is going to be snuffed out.
00:35:16.760
We will not be able to communicate truth with one another.
00:35:20.180
And I need to address this with you because it is deeply, deeply concerning when you can't say illegal alien without being banned on Twitter or deleted on Twitter because you've used the hate speech illegal alien.
00:35:41.880
We have a problem when when Norm Macdonald was kicked off of the Tonight Show because he said, you know, Louis C.K. and Roseanne, they did bad things and they paid a heavy price.
00:36:01.300
And when he's kicked off for asking that question, we're in a different America.
00:36:10.180
We are in America that I don't recognize and truly is becoming frightening.
00:36:17.200
So I want to talk to you about that later on in the broadcast today.
00:36:21.280
Also, tonight at eight o'clock, we are going to be doing a virtual book signing.
00:36:31.920
You'll be one of the first ones to get an autographed copy of my new book, Addicted to Outrage, which comes out next week.
00:36:37.560
Also, we're going on tour and make sure you join us there.
00:36:42.140
Go to Glenn Beck dot com and find out about the book, the live book signing tonight at eight o'clock, where you can join us and ask any questions and our tour.
00:37:00.640
You know, over our time that we have spent together, we have seen a lot of crazy stuff.
00:37:07.080
Star relationship for many people started on nine twelve, nine eleven.
00:37:12.620
Some people heard that news with my voice at the end of the day.
00:37:18.580
But if you if I were national, you might have heard the warning about Osama bin Laden in I think it was 1999 or 1997.
00:37:27.980
Where I said, this guy's coming in New York on W.
00:37:35.720
And if you don't pay attention now, there will be blood, body and buildings in the streets of Manhattan within 10 years.
00:37:46.460
Came to you about 2006 and said, don't buy into any of this housing stuff.
00:37:54.600
There's a massive bubble, which then I started to see was actually a banking crisis was on the way.
00:38:13.740
I've come to you with problems, but I've tried to come to you with solutions.
00:38:18.420
Best selling book I ever wrote was Common Sense.
00:38:25.300
I wrote the I wrote the the most important chapters while I was on vacation.
00:38:33.200
And I remember it was late at night and I called my family into the living room and I said, I want to read something to you because I think this is I think this is right.
00:38:41.400
But I also don't know if I'm willing to publish it under my name because it's I don't know if people are going to want to hear this.
00:38:49.600
And I was calling out both parties and I was calling out the games that were played in Washington and the trouble that we were headed for.
00:39:02.440
Two million copies later, people knew what was going on.
00:39:08.880
We started the the tea party in the 912 project and played a big part in in that with you.
00:39:23.540
And then 2012, we saw that the tea party had been just dismantled and we had been lied to by our own party.
00:39:33.700
I left Fox and decided because people were asking me, so now what?
00:39:38.480
I decided to break it down to smaller problems.
00:39:40.720
And we we printed conform about education and common core and and what the problem was in universities long before anybody else.
00:39:55.580
When the caliphate came, something that I warned you about and everybody mocked, I wrote, it is about Islam to prepare you.
00:40:05.080
With the Nazarene fund, I couldn't solve a war.
00:40:10.140
I don't know, but I know these people are in trouble and I don't know how to do it.
00:40:17.300
Thirty million dollars later and tens of thousands, tens of thousands of Christians moved and saved and rescued from slavery.
00:40:28.080
Sixteen thousand Christians and religious minorities, hopefully, will be moved out of this region before Christmas because of you.
00:40:41.240
But people continue to ask me, how do we save how do we save the country?
00:40:50.740
And I felt pretty, I felt pretty worthless because I was like, what am I bringing to you?
00:41:05.360
After four years of searching, after two years of really intense study, after a year of writing and then taking the book and rewriting it entirely again,
00:41:18.320
I can proudly come to you and say, I know what the problem is and I have a way to win where we all win, where half the country doesn't lose.
00:41:35.060
And I can diagnose and point right directly to the cancer that's eating us.
00:41:40.060
And I can point you right directly to the solutions.
00:41:46.540
You want to understand what's happening and you want a way out?
00:41:50.520
I invite you to join me on the path that I'm laying out now in Addicted to Outrage.
00:42:04.060
You can just go online at, what is it, livesigning.com slash Beck.
00:42:09.860
And I'll be answering questions and I'll be signing your book tonight.
00:42:18.180
Find out about that tour at glennbeck.com and order your book.
00:42:22.300
If you've trusted me before to say this direction and you've noticed that I have been wrong when I was frustrated and angry and I wasn't listening.
00:42:40.080
I am not frustrated, I'm not angry and I have been listening for the last couple of years.
00:42:55.020
Join me on the search to save the Western way of life.
00:43:10.560
This is going to be an incredible hour for entrepreneurs and people who believe in America.
00:43:16.160
We have Mike Rowe joining us in about 25 minutes.
00:43:21.260
He is the author of the book, My Father's Business.
00:43:24.220
And his father's business is the Dollar General stores.
00:43:32.420
I want to start right here on page, I think it's 38.
00:43:35.780
I was 15 when my dad took the step that changed everything.
00:43:39.600
It involved the kind of creative leap that comes all along too rarely and ultimately left a huge mark on American businesses.
00:43:54.380
And he, being from the country, thought he should stay on top of what was going on in the city.
00:44:01.600
And he noticed that in Nashville and Louisville, a lot of expensive newspaper advertising was done monthly to promote dollar days.
00:44:15.860
And he thought, wow, wouldn't that be a wonderful opportunity for us in our stores in the country to have dollar stores?
00:44:29.840
And it would be a way to give real value to people at prices they could keep up with in the store.
00:44:37.900
So you, because you write in the book that, you know, he saw what he saw was the expense of a full page ad.
00:44:47.020
So if you've got dollar days going on, they must be pulling in a ton of business to pay for just that ad, let alone to make money.
00:44:55.780
And when he went to his staff, they said, tell you, the unanimous, Glenn, they were unanimous.
00:45:12.280
Your father said we have to sell everything in the store for a dollar.
00:45:16.000
I know in some cases now I'm thinking, you know, you're how, what are you going to get for a dollar?
00:45:22.100
In some cases, it has to be multiples like three plates or two pairs of socks for a dollar, but nothing would cost more.
00:45:30.940
Well, he had some things that were actually 20 for a dollar, but I can't remember the idea.
00:45:49.400
And so he said, let's just take our worst store, right?
00:45:55.040
And if it becomes a winner under this new format, we have something to build on.
00:46:03.920
I mean, your grandfather sounds a lot like my grandfather.
00:46:06.860
He was just a dirt farmer, third grade education.
00:46:18.460
Mine became a machinist for Boeing, but I mean, they came from simple people.
00:46:23.220
What was, what was, what was it that made your dad different?
00:46:28.760
Well, what I celebrate is what was the same in those, in the wonderful grounding of my grandfather and of my father, which translated to my generation.
00:46:53.360
It is a believing in other people and the opportunity to build something with other people who can become your partners.
00:47:10.840
I think the, um, the discourse at large is, is largely negative, but that spirit exists out there.
00:47:24.520
Certainly in the heartland of America, where those dollar general stores are.
00:47:30.900
The, um, uh, the, tell me about the mission statement of, uh, dollar general.
00:47:37.880
Well, we came up with a mission statement that really got the company going.
00:47:44.880
And it was only two words, Glenn, serving others.
00:47:55.320
What can we do to make a difference in the lives of others?
00:48:00.480
What do these small stores in these rural areas afford us as an opportunity to serve struggling people?
00:48:11.860
And we do have salt of the earth people who shop in the dollar general stores.
00:48:25.620
It's out there in the countries and it's in, in the heart of good people.
00:48:32.780
You know, the, the number one, um, I've talked to people who teach at Wharton and they have said
00:48:40.280
they're having a hard time teaching ethics because they will lay out these case studies and they'll
00:48:45.940
say this company made this and they made this decision.
00:48:48.580
And, um, and they're, they're trying to teach ethics and they'll say, they'll turn it over
00:48:57.440
And invariably the first question is, well, did they make money?
00:49:05.240
And the professors are starting to, are starting to be a little frustrated because they're like,
00:49:09.940
no, no, no, no, no, we're talking about ethics, ethically, whether they made money or lost
00:49:26.800
I think you learn it from life and from others.
00:49:30.520
And when we adopted that two word mission statement, Glenn, serving others, we had the basis of
00:49:50.680
What, what was inspired you to write this book about your dad now?
00:49:53.820
Well, it, it took me two years to be convinced to do it.
00:50:02.040
And then doing it took six years, but, um, it, it has dawned on me as I do my retrospective
00:50:12.040
on life that there are very few CEOs who have over 30 years in that job in the same company.
00:50:23.820
And, and, and perhaps sharing the lessons learned from all of that can help others.
00:50:32.740
And it, we went through so many different cycles in the company.
00:50:40.740
What's the biggest, what's the biggest thing, Cal, that you learned in all of the ups and
00:50:46.120
downs, everything that you have seen from your dad and from you, what is the biggest thing
00:50:51.400
that an entrepreneur, an entrepreneur needs to learn first?
00:50:56.420
Well, an entrepreneur needs to understand his own core values and, and what, what his greatest
00:51:09.680
opportunity in life is to serve others, you're not here for yourself, you're here for others.
00:51:19.860
Your greatest opportunity is in serving others and partnering with others in doing that.
00:51:28.320
And my, my dad, as an entrepreneur was of the old school gland and it, it was more retailing
00:51:40.340
And his belief was that he should only expect the competition to do just everything to him
00:51:51.520
It's, it's, it's, it's a, it's a fight out there and I came into the business, um, pursuing
00:51:57.780
my calling and, um, excuse me, um, there's nothing worse than somebody coming into the, into
00:52:11.700
the room, distracting you in your middle of a point.
00:52:20.020
Yes, that was, that was, that was, that was Margaret.
00:52:28.400
I came into the business gland, um, pursuing my calling because I wrestled with whether to
00:52:38.420
And I, I discerned that the greatest ministry opportunities in the real world, perhaps not
00:52:47.620
And it was in that business where we could help struggling people to have a better life.
00:52:53.300
And, um, I, I was very moved by the customers that came into a dollar general store.
00:53:01.000
Um, I waited on, uh, an old smelly, dirty farmer who was making a sacrificial purchase of a pair
00:53:16.160
And, and I, I got a real message, uh, from that farmer that, um, there are a lot of people
00:53:27.060
out there who are having a hard time making ends meet and they could use help Cal and they come
00:53:37.620
You remind me so much of my, uh, my grandfather and my family.
00:53:46.080
Uh, Cal Turner, Jr., author of my father's business.
00:53:49.760
You'll find it at Amazon or wherever my father's business book.com.
00:53:53.480
Uh, Cal junior from the, uh, the, uh, dollar general store back in just a second.
00:53:59.940
Our sponsor of this half hour is simply safe home security.
00:54:03.600
By the way, Mike Rowe is going to be joining us next simply safe home security, great security
00:54:09.240
This is, this is exactly the kind of company that Cal was talking about a company that
00:54:16.500
started out just wanting to help their friends.
00:54:21.740
He was, I think at MIT and he was an inventor and his grandfather was an inventor and he
00:54:27.820
And his friends came and said, Hey, can you help us out?
00:54:30.000
We can't, you know, we can't afford the security and we can't put a hardwired security in our
00:54:39.520
Well, the thing took off and other people, they were telling their friends, people would
00:54:42.940
come over and they'd be like, how did you, where did you get that?
00:54:44.880
So he started making, I think we have a business here.
00:54:52.620
Every time I meet with him, he talks about the customers as if they are their friends,
00:54:57.840
as if he's not going to put something in somebody's house that he wouldn't put in his house or his
00:55:04.960
And they work harder than any, any company I've ever seen.
00:55:08.980
That's why when they joined us, they had five people and now they're a billion dollar business.
00:55:29.760
You can cancel it anytime because there's no contract.
00:55:51.760
Um, if you would like to help us help the people, uh, on the, um, in the East coast,
00:55:58.620
North Carolina, South Carolina, they're going to hit, be hit by, uh, uh, the hurricane.
00:56:06.960
Uh, we've, we already last night or yesterday, we had 250 trucks, semi tractor trailers on
00:56:15.400
We're waiting, uh, to be able to, uh, go in and help.
00:56:19.140
If you would like to help us help them mercury one.org.
00:56:22.720
Uh, you know, uh, there, we should talk about this at some point today.
00:56:26.020
I don't know if we have time now, but this sort of Puerto Rico death toll, obviously really
00:56:31.340
disturbing 3000 people, but the way they're coming to the number is so, uh, it's not right.
00:56:38.460
Well, yeah, it's like they've just calculated the excess deaths, uh, predict, predicted
00:56:42.880
for the, for the area instead of like, this is, these are American citizens.
00:56:50.760
We should know it's not that big of an Island either.
00:57:01.720
So I, I'm a little confused because my phone screen says that it's Michael Rowe that is
00:57:08.540
Uh, I've, I, I've never had to call him Michael before, but I don't know if he, that's, it
00:57:30.440
I'm just thinking of the times, you know, uh, early on in our relationship when you were
00:57:34.860
sitting in my studio and you said this Facebook thing, should I have a Facebook page?
00:57:41.900
Actually, you, you, you literally leaned in and kind of looked over your shoulder just
00:57:47.280
to make sure nobody was listening and said, I would, if I were you.
00:57:52.140
So, uh, you just on Tuesday had, I think it was like 280,000 likes on a posting where,
00:58:05.340
you know, I guess it could be portrayed as, um, your takedown of Kaepernick, but that's
00:58:18.380
You want to explain how this happened and, and what you did?
00:58:22.160
Well, as you know, you, you get a sort of a critical mass of people at some point and
00:58:28.000
the tail starts to wag the dog vis-a-vis social media.
00:58:31.380
And, uh, you got 5 million people there and they look at the headlines and a lot of them
00:58:35.520
assume that I'm sort of standing by to weigh in on anything that's remotely controversial.
00:58:40.460
And of course you can't really run a foundation and be that guy, so I'm not, but you also
00:58:47.180
have to say something at some point, uh, if the thing really bubbles up.
00:58:52.740
So the thing with Kaepernick and Nike was what it was, but of course everything sort of landed
00:58:59.100
on nine 11 and people were saying, you know, say something about this already.
00:59:04.360
And I looked at the ad, really looked at it for the first time.
00:59:07.220
And, and look, I don't, I, Colin Kaepernick is free to protest whatever he wants, however
00:59:13.060
And Nike is certainly free to elevate any opinion.
00:59:16.880
They feel like it's, it's still America, but, uh, it was the, it was the words on the
00:59:25.360
And I just thought landing on nine 11 is that's, that's a hell of a thing.
00:59:30.100
And, uh, and the question that I answered wasn't, you know, what do you think about the underlying
00:59:37.260
It was from a marketing standpoint, what do you think of the ad?
00:59:41.560
You know, is it a, is it a good idea from a marketing standpoint?
00:59:45.340
And I said, well, I, it's a confusing idea from a marketing standpoint because you've chosen
00:59:50.280
a guy that half the people in the country, uh, don't really relate to in terms of what a
00:59:58.860
And, uh, especially this time of year, you know, that ad came out early in September and
01:00:05.940
And I just thought of Tom Burnett, you know, I, the guy that was on flight 93, who was instrumental
01:00:16.440
And I remembered the transcripts I had read years ago between he and his wife and I Googled
01:00:22.760
So I posted his final conversation and just politely said that if it were me, I might've
01:00:31.600
And, uh, for whatever reason, you know, I went out, I went to work, I came home and yeah,
01:00:36.880
uh, 10 million people had seen the thing and we were having ourselves a conversation.
01:00:42.440
And, and, you know, I've, I'd read that years ago, but I had forgotten how intense, uh, that
01:00:48.840
conversation was and how his wife said, no, please don't know, sit down.
01:00:59.920
And, uh, he said, honey, I've, uh, we've got to do something.
01:01:03.620
Uh, and we're just waiting for a, an open space and we're going to rush.
01:01:08.420
It's, it's, well, that's the ultimate irony, Glenn.
01:01:11.760
I mean, you know, you're, you're talking about a Nike campaign that's built on a slogan that
01:01:17.540
His last words to his wife, we're, we're going to do something.
01:01:33.640
Remember when the guys on the train took down the terrorists unarmed, they charged a man
01:01:41.100
And the thing about these moments is it's, it's, it's not the enormity of the tragedy.
01:01:47.180
It's the, it's the, it's the micro element of it.
01:01:53.680
Glenn Beck, I'll see halfway back, you know, what would you do?
01:01:58.360
And anybody who's ever been on a plane or a train, uh, needs to think about that question
01:02:05.240
because it's the ultimate personal question and it's horribly relatable.
01:02:11.520
We've all been in that circumstance, if not that exact situation.
01:02:15.580
And we should ask, especially on nine 11, you know, who are we?
01:02:29.880
Bob Woodward has now, uh, broken all kinds of sales records, uh, biggest, uh, fastest
01:02:36.340
selling book, I think in 93 year history of the publishing company.
01:02:40.840
Um, and, but there has been a, there has been a slight glitch on the radar screen.
01:02:48.820
Your mother, there was, it was your mother was actually beating him in sales for a few hours.
01:03:00.400
My mother, what happened is I, I, my, my mother's been writing these stories for years.
01:03:05.240
And a couple of years ago, I started reading them on Facebook.
01:03:08.480
And one of those stories reached 128 million people.
01:03:13.460
Publishers obviously called and said, look, if your mom writes a story about raising the
01:03:23.540
I told her, she said, you know, I have two other sons.
01:03:30.760
She's like, well, let, let, let me noodle on it.
01:03:41.040
They're all about her mother and they're delightful, but it's not what a publisher would want.
01:03:56.540
My mom's book is going to hit the stands in November.
01:04:00.900
I announced this a couple of days ago over the weekend and the Amazon site crashes.
01:04:09.280
She went from number 2 million to number 25 and then they couldn't take any more orders.
01:04:15.600
So the Barnes and Noble site was still working.
01:04:19.220
And so everybody went there who wanted her book and her book, which is fundamentally about
01:04:25.560
It's called about my mother beat a book called fear.
01:04:29.480
I'm not sure what it's about, but I'm pretty sure I can.
01:04:37.760
Glenn, I, I, I took a picture of it and I sent it to my mom and then I called her on
01:04:42.020
the way to church and I filmed our conversation in the car.
01:04:51.800
And I put that up on the Facebooks and then off we go.
01:04:57.040
Well, I just wrote a book and it's all about you.
01:05:01.380
Um, and you have to read between the lines to find the parts about you, but it's all
01:05:17.760
You live in a, you live in, you walk a tightrope every day because things, everything now is
01:05:30.960
You have done such great stuff way ahead of, of the news cycle where we're all looking at
01:05:40.420
You know, if Apple, uh, even Google now saying we don't need a, uh, we don't need a university
01:05:52.420
Uh, and you were on this and called a madman for so long.
01:05:57.020
On top of that, everything now is about politics and you just refuse to get involved, which
01:06:07.380
Um, you know, I'm not, I'm not sure I've done it as successfully as you're saying.
01:06:12.060
I think I, I get a little on me because you can't talk about education and you can't talk
01:06:17.400
about work, uh, without being completely immune.
01:06:26.200
So that, that, that's a pretty quick trip, but, but in a very general way, it cuts the
01:06:31.680
other way to, um, everyone understands work because work is one of the few truly relatable
01:06:39.940
How we define it is completely up to us and the value we assign to various forms of education
01:06:48.840
So micro works turned 10 this, uh, I swear, Glenn, I remember talking to you about it.
01:06:55.860
Not long after we launched, I know it was brand new and, um, and it's still modest by foundation
01:07:02.820
We've done about 5 million in work ethic scholarships, but the, uh, the opportunity to use social
01:07:09.580
and the opportunity to keep the conversation moving.
01:07:13.100
I get a kind of tired of hearing people saying, you know, we need to have a conversation.
01:07:18.580
Uh, in this case though, we have to talk about that.
01:07:22.500
We, we have to talk about 1.5 trillion in college loans.
01:07:26.320
We have to talk about 6.6 million jobs still open, 75% of which don't require a degree.
01:07:32.960
And we have to stop with this idea that following your passion is the only way to wind up passionate
01:07:42.740
And, uh, look, the millennials are a fun target, right?
01:07:46.580
I mean, the, the, the crying closets and the safe spaces and all these other things, but
01:07:51.180
we're the, uh, like the whole snowflake mentality.
01:07:54.660
I said to somebody the other day, we're the, we're the clouds from which these snowflakes
01:07:59.920
And it's kind of, it's kind of on us, you know, we're putting pressure on 18 year old
01:08:07.760
kids to borrow money that we don't even have to lend them, but we give it to them anyway,
01:08:12.480
knowing they're never going to be able to pay it back, educating them for jobs that don't
01:08:21.080
Mike, I'd love to have you back sometime, uh, and, uh, spend just a mark when you're free
01:08:26.480
I'm not, I'm not, but, uh, maybe your mom is maybe.
01:08:29.760
Your mom is something you're, you're, your listeners would love her.
01:08:45.840
Glenn, she's been upstaging me my whole career.
01:08:53.940
We, we, we, we might, we might, we might ask her to come on.
01:08:57.100
Is that a good thing or that'd be too shameful for you?
01:09:02.280
Well, it would be deeply humiliating for, I think all of us, but then it's done.
01:09:14.520
So there may be some, there may be some maneuvering.
01:09:18.520
Well, if my people can talk to your people who could talk to her people, we can maybe work
01:09:25.180
If somebody writes a book about your book, send it to her.
01:09:39.740
We should totally talk to the real talent in the Rowe family at some point.
01:09:56.540
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01:11:13.320
This Norm Macdonald thing from NBC really, really bothers me.
01:11:21.880
Norm Macdonald, a comedian and a writer and, you know, he's a conservative, isn't he?
01:11:33.880
That's close enough for a Hollywood conservative.
01:11:35.780
Uh, and he came out with something I, I, what I saw was very rational and just said, look,
01:11:42.640
uh, Roseanne and Louis CK, uh, have paid a very high price and they're both friends and
01:11:48.980
they made mistakes, but you know, how long is this going to, how long does this go on?
01:11:53.340
And he said it started with, uh, you know, a hundred women can't be wrong about some guy.
01:11:56.880
And then it was one person can't be wrong about someone.
01:12:00.400
And it's like, well, one person absolutely can lie.
01:12:04.080
Uh, and he, I think he had one part of it and I can't remember exactly what it was,
01:12:07.500
but he did apologize for one way he phrased something.
01:12:11.800
I don't remember what it was, but the way he phrased it was, um, uh, right.
01:12:17.220
Uh, let's see, like, uh, Chris Hardwick, I really thought it got the blunt end of the
01:12:22.620
Um, and they've turned this into, oh, you're, you're downplaying the, the victim and, uh,
01:12:29.320
and saying that they, you know, their, their pain is comparable to, you know, Roseanne.
01:12:35.260
Well, let me, let me ask you, I mean, when it comes to sexual abuse, I'm with you.
01:12:41.960
You know, if you've got a racist in the room and everything else, we, you know, David Duke,
01:12:50.200
I mean, is there, is there a time or a place at any, I mean, is this, is this Les Miserables?
01:12:56.780
You make one mistake and you have to continue to pay for it for the rest of your life.
01:13:01.840
Or are we a country that says, okay, well, you paid a very big, heavy price and come on
01:13:07.420
back in the community and let's see what you do now.
01:13:11.460
Roseanne's awful and I never would have hired her in the first place, but she, what she,
01:13:15.560
what happened with her was a victimless crime, right?
01:13:22.860
I mean, she was called, uh, you know, she had a bad joke told about her, uh, and, you
01:13:30.140
I don't support people getting fired for tweets, but still like, let's not act like she's in
01:13:34.280
the same boat as, you know, a victim of Harvey Weinstein.
01:13:39.240
And now NBC decides, oh, you can't even have that conversation and be on NBC.
01:13:48.920
And I want to tell you about something that you should either end your day with or, um,
01:13:57.620
If you like this show, you're going to love the news and why it matters.
01:14:01.320
It's a bunch of us that all get together at the end of the day and just talk about the
01:14:08.660
Look for it now, wherever you download your favorite podcast.
01:14:13.460
I want to talk to you a little bit about, um, violating policies that can get your voice
01:14:22.040
Reddit has shut down a bunch of subreddits for content policy violations.
01:14:29.000
And, um, you know, they, they, they said that they've, they've got to get rid of these
01:14:35.460
subreddits that are, are spreading all kinds of pro-Trump conspiracy theories.
01:14:39.940
And some of them are, you know, the QAnon subreddit, uh, line on, I don't, I don't even
01:14:48.360
Um, you know, I've, I heard enough of people going Q and, and Q is the, you know, 12th letter
01:14:58.320
But I would like to, uh, just point out that while they are going after the pro-Trump conspiracy
01:15:05.020
theorists, because they're just so dangerous, I would like to take the opportunity to list
01:15:11.260
a few subreddits that have not been banned as of this morning.
01:15:16.100
Um, and I highly suggest you don't go looking for these.
01:15:19.700
Uh, there's enough internet subreddit, uh, which you will be able to see a man having
01:15:26.680
Uh, you'll see a skinned monkey, uh, some type of body.
01:15:32.080
I'm not really even sure what happened to that.
01:15:36.340
Now they're not technically naked, but they look naked and women peeing on an octopus.
01:15:45.400
Uh, you also have, uh, you know, the gore subreddit, which, uh, you know, you, you'll
01:15:54.660
Um, at the necrophilia subreddit and also erotic death subreddit, which is porn with women
01:16:06.480
Now, one of the things that they have pulled off is the subreddit pictures of abortions.
01:16:11.620
I mean, because that one, you, I mean, you don't want to show the, sure, the, the, you
01:16:17.180
know, the porn with the women, uh, getting killed and, uh, and eaten or the women, you
01:16:24.000
That's totally, that's all within the boundaries, but the Donald Trump, uh, you know, threat
01:16:31.100
of whatever the conspiracy is on the letter Q, that's got to be taken down.
01:16:37.000
Meanwhile, Facebook, uh, banned, uh, Jamie Glaz, uh, Glaz of, I don't know him.
01:16:51.020
He says for 30 days for posting his article on the nine steps we need to take to counter
01:16:56.900
Now, if his, you know, if his, if his nine steps are kill all of them because they're
01:17:05.000
Muslim and then kill them again, eight other times, probably, you know, probably kind of
01:17:14.260
You can post your jihadi ISIS content on Facebook and that's fine, but an article on how to counter
01:17:22.400
That's not Twitter is also banned the center for immigration studies for, uh, uh, from
01:17:33.400
The center for immigration studies tweeted Twitter has just rejected paid promotion of
01:17:38.840
the tweet below saying this determination is based on the following Twitter ads policy
01:17:43.740
hateful comment because it contains the phrase illegal aliens.
01:17:50.540
Then in an effort to interfere, I guess, with elections, Facebook has banned, banned the founder
01:18:00.080
I don't know anything really about this movement, but isn't he a guy who was claims to be a Democrat
01:18:05.960
and a homosexual who's like, we're just going to walk away.
01:18:10.320
Is that, I think it's, I think it's like walk away from the left is the concept behind it.
01:18:15.140
So, um, Facebook has banned this ex Democrat, the founder of this weeks before the, uh,
01:18:25.000
March on Washington, uh, has been banned on Facebook, uh, banned on the, from posting leading
01:18:32.780
It's devastated our reach to, uh, devastated our ability to reach, uh, people.
01:18:37.200
Then article 13, I don't even know what article 13 is, but apparently article 13 was number
01:18:47.100
These things were censored just in the last 24 hours.
01:18:53.420
I don't know about you, but I remember my mom saying sticks and stones can break your bones,
01:19:02.020
What are we turning into when we can't handle words?
01:19:11.100
You want to find somebody peeing on an octopus?
01:19:17.540
Well, actually, technically I was last night, but to make a point, but you don't have to see
01:19:32.400
You're saying you did actually look for the ping on the octopus?
01:19:34.620
Okay, that spiraled out of control there at the end a little bit, um, but I think you
01:19:48.600
Apparently I don't want to look at, I don't want to look at your search history.
01:19:51.340
Apparently, uh, there's a lot of, a lot of darkness, a lot of darkness in question.
01:19:55.740
I'm going to move this forward with Andrew Heaton, who is, uh, with us now, uh, who's
01:20:01.520
And I think one of the funniest guys, uh, on the internet, you, you just did something.
01:20:12.860
You took, you took all of the, you took all of the quotes from that madness.
01:20:17.880
You set in as Kavanaugh and who's your partner on this?
01:20:22.560
There's Austin Bragg, who's on camera and there's Meredith Bragg, who's off camera.
01:20:25.820
But, uh, Austin is this, uh, uh, wonderful human that it just sort of embodies smoldering
01:20:32.720
And so we, we do well, uh, working together because I've got this almost like, I'm going
01:20:37.620
to sell you life insurance optimism thing going for me.
01:20:40.600
And we took, I mean, I think, I think the operative word in that particular episode was
01:20:45.200
Uh, as I mentioned to you guys earlier, when I am Senate judiciary chairman, I think two
01:20:48.720
or three years from now, I'm going to call on people in the order they're not running
01:20:52.460
I'm going to strap seniority because it was very apparent to me who was running for president
01:20:58.760
Do you think that they have, I mean, this is not the role of the Senate.
01:21:02.060
It's advise and consent and elections have consequences.
01:21:09.760
We're getting this guy who I honestly think if they throw him out, Trump's the kind of
01:21:14.800
guy who's like, oh yeah, well, here's Andrew Napolitano.
01:21:20.360
If that were the actual gamble, I would be in favor of that.
01:21:24.460
But they, yeah, they might put in, he might put in Gary Busey.
01:21:27.100
He might, if you're, if you're a Democrat, there were, there was what, four final contenders
01:21:33.320
And one of them was a very socially conservative lady from, I think, Minnesota or something.
01:21:37.160
And like that one, I think would be far where Kavanaugh, he's, you know, if you're trying
01:21:42.500
to, you know, assess where he's at, he appears to have a lot of respect for president.
01:21:46.460
So I understand why you think Roe versus Wade might be overturned, but that's not what he's
01:21:52.400
Although there were a couple other people that wanted to do that.
01:21:54.520
He's not great on, on privacy rights and things like that.
01:21:57.680
But otherwise, you know, he's a qualified jurist.
01:22:04.340
And that would scare the hell out of, out of the left.
01:22:08.500
And, you know, I just keep, I just keep thinking, I don't even understand your strategy other
01:22:17.860
I think there was a Hail Mary pass going on where, you know, I, if, if I were, if I were
01:22:22.400
a Democrat, I would be very worried about the swing seat going to the, like the hardcore
01:22:27.520
So I get, I get them trying to maintain that and it's high stakes enough.
01:22:32.020
And I think that there was some idea of maybe we're going to get this postponed long enough
01:22:38.080
and then somehow we'll pick up 20 Senate seats and then we can postpone this for two
01:22:43.240
But I, but I think the main thing though, is I think that, that Senator, not even Democrats
01:22:46.840
or Republicans, senators all want to live in the speech scene from Mr. Smith goes to
01:22:51.360
They all believe that they are the, the righteous little guy fighting the good battle and they
01:22:55.640
want to live in that moment and they want to be surrounded by applause.
01:23:00.420
Cory Booker is out there just, just, he was trying to get, he, he, he, when Elizabeth Warren
01:23:05.240
got that hashtag, he was like, Oh, I want that so bad.
01:23:11.140
I mean, it's, it's, you're, it's, you're so right.
01:23:13.040
It's like these, this is just an audition, right?
01:23:15.420
They all want to have that moment that they can later fundraise on for their presidential
01:23:19.320
campaign, which by the way, they're all going to be announcing in like three or four months,
01:23:24.340
We're almost in the middle of the 2020 election and they're all just auditioning, trying to
01:23:30.180
I think, I think he was hoping that he would be expelled from the Senate because what a,
01:23:35.580
If you, you, he was, he was trying to, I'm willing to, the secret crypto racist and an illegitimate
01:23:41.500
And you got kicked out from the Senate because you believe like what I was, I'm also the
01:23:50.180
You're wondering where all that paper's going to.
01:23:52.300
It's in the trunk of my car and I'm willing to walk.
01:23:58.900
So, um, uh, I, I want to turn it to, uh, Norm MacDonald and this, this chilling of speech,
01:24:06.200
uh, you know, you said, uh, you know, there could be a lot of, you know, a really, you
01:24:11.140
know, hardcore conservative, uh, appointed to the court.
01:24:22.480
All of our arguments would go away if we were just using a hardcore constitutionalist.
01:24:28.900
Somebody would stand up for freedom of speech, no matter who is saying it, we're going into
01:24:35.220
a world and you have to feel it with comedy where, uh, I, I don't know how this ends.
01:24:47.140
You know, I, I hope that eventually we kind of burn out.
01:24:49.460
Uh, although, uh, I, I will say in the world of comedy, standup comedians, almost to a person
01:24:54.480
will, will back up the other standup comedians when, when somebody is getting, uh, you know,
01:25:07.040
If we're in a comedy club, uh, and we're allowed to kind of say whatever we want.
01:25:10.260
And it's very rare to find a standup comedian that will throw another standup comedian under
01:25:14.100
Uh, I, on a, on a broader level, I'm worried that we seem to have this kind of Orwellian,
01:25:18.980
uh, two minutes hate thing in our culture where we, we have this deep need for catharsis
01:25:27.060
And then our, I guess our goal is to get them to hang themselves or something.
01:25:30.060
And that I find by the end of the day, we don't, we won't pay attention for two days.
01:25:33.380
We won't actually, we won't know what happens tomorrow because we will move on to somebody
01:25:38.220
Uh, I, I, I'd say from, from my vantage point, you know, I, I want to live in a, in,
01:25:42.360
in both legally a country that has freedom of speech, but also culturally has freedom
01:25:46.880
of speech, but if there's any, any two realms in it that I'm particularly concerned about,
01:25:51.440
it's college campuses and which they're, they're, that, that's not a thing anymore.
01:25:57.940
I mean, like, like comedians tend to be the, the jesters that are allowed to really poke
01:26:01.680
at the edges of things and go to whatever the sacred cow is.
01:26:04.260
And every group has different sacred cows and comedians go in and slaughter them.
01:26:07.760
And, and there, we are important for that reason because we can actually shake things
01:26:11.980
So I want to, I'm going to take a break and we'll come back and I want to ask you specifically
01:26:17.060
No, have you ever peed on a, have you ever desired to pee on a, a bit fan of them.
01:26:21.380
And also I, I'm kind of, you know, restricted to where I go to the bathroom.
01:26:25.920
Uh, no, I want to talk to you about Norm MacDonald and, and our comedians rallying around him.
01:26:31.880
I didn't think it's not a way I would have phrased it, but I didn't think he was saying anything
01:26:36.460
And he, he's basically saying, can, can we talk about things?
01:26:43.440
Well, he, I mean, he did the, the, the two things that I'm aware of is he, he used, he, he on
01:26:48.780
a followup to the first statement, um, said you'd have to have down syndrome to something,
01:26:53.780
something, something, which probably not the best choice.
01:26:58.180
When we come back here in a second, first, let me tell you about a response to this half
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I've been telling you about their new, uh, silver, uh, maple flex, which this is actually
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an idea of mine that I think I gave gold line about five years ago.
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And I said, you know, um, if I just had a credit card, cause my kids were living in New
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And as my daughter reminded me the other day, I said, do you have, do you have diamond
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And she said, you sent me down at the table and said, you keep these with you.
01:27:33.300
And if you ever need to buy your way off this Island, you trade a man.
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So, well, you know, and I said, that's a good dad for you.
01:27:49.360
Um, the, um, the maple flex card is, is a couple of ounces of silver, but you can break
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it up into little pieces into 10th of an ounce, a quarter of an ounce.
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And we started with the Canadian mint, uh, with the, with, with gold pieces.
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They have the, you know, uh, credit card size holder that has five individually sealed,
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uh, one 10 ounce, uh, gold bars also minted by the Canadian mint.
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Uh, and you can, you can give them, uh, now you can get them at gold line.
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01:29:06.920
You know, this is a little like the new phone book is here.
01:29:14.720
I don't even know if people have CD players anymore.
01:29:18.260
Uh, there's five of them left, but, uh, just came out.
01:29:20.320
The audio book is really, really good available next week.
01:29:24.120
Uh, you can find it wherever, uh, books are sold.
01:29:26.560
Let's go over, uh, Norm McDonald and here's what he said.
01:29:30.260
He said, I'm happy the me too movement has slowed down a little bit.
01:29:39.840
Like that Chris Hardwick guy, I thought really got the blunt out of the stick there.
01:29:43.220
Uh, then the interviewer asked, what about, uh, what about when someone, uh, admits to
01:29:48.360
And he says, the model used to be admit wrongdoing, uh, show complete contrition.
01:29:56.920
And the only way to survive is deny, deny, deny.
01:30:01.280
I do think that some point it will end with a completely innocent person of prominence
01:30:07.400
I know a couple of people that this has happened to.
01:30:10.560
And this is where, this is the part where he gets into trouble a little bit.
01:30:13.200
He said, well, Louis CK, Roseanne Barr are the two people that I know.
01:30:15.900
And Roseanne was so broken up after her show was canceled that I got Louis CK to call her,
01:30:20.460
even though Roseanne was very hard on Louis CK before that, which is kind of interesting.
01:30:24.320
But she was so broken up and crying constantly.
01:30:26.780
There are very few people that have gone through what they have, losing everything in a day.
01:30:30.180
Of course, people will go, what about the victims?
01:30:45.160
Something worse, you know, in, in, in many cases.
01:30:47.720
But again, now, are we going to, are we going to shut him down?
01:30:51.180
Does he have to lose everything for saying that?
01:30:55.240
And he said, look, of course, I think the, you know, people getting, people who've harassed,
01:31:00.000
you know, the others, you know, getting in trouble is, is a good thing.
01:31:03.040
Only a person, oh, maybe someone with Down syndrome would doubt that, which is obviously
01:31:10.000
He's taking, he's taking a Trump card and is slowly going to run for Senator in California
01:31:16.360
Andrew Heaton, who is here from reason.com, a very funny comedian.
01:31:24.820
The producers, even Fallon had to go and say, I'm sorry, but I think it's going to be bad
01:31:28.420
for the show because my producers are crying in the hallway.
01:31:34.860
But if that makes you cry, how do you, how do you survive a day in Manhattan?
01:31:40.820
You know, and, and I, like, I, I don't want to put words in their mouth.
01:31:43.740
Most of my friends in comedy are, I think, very empowered, strong individuals that could
01:31:47.720
handle that and should, that are women or men, right?
01:31:54.800
I think Fallon tends to be a kind of neutral ground politically, which is, I think, the main benefit
01:32:03.340
Uh, and, and so I would think having, um, Norman would be a good thing.
01:32:06.800
Beyond that, I think it's odd that we've kind of gotten to the state where all reactions
01:32:15.980
Um, so I would say like, like, like, you know, on a, on a scale of one to 10, how, like, I,
01:32:19.700
you know, I, I wouldn't, I wouldn't have said the, the, uh, the Down syndrome thing.
01:32:22.900
I don't think that was, that was a polite thing to do.
01:32:24.800
And, and I, I'd say like, you know, his, his analogy with, um, you know, what, you know,
01:32:28.680
victims, you know, that's not a spitting contest between victims and them.
01:32:33.660
So there it's, it's, he's not a hundred percent right in that regard, but is this like a, you
01:32:38.060
know, a 10, like, well, you know, I think Hitler had a good point.
01:32:42.420
And, and so, you know, how, how do we respond to that?
01:32:44.360
And if we respond to everything with a 10, I do think he's right that everybody's going to
01:32:48.900
And don't you think it's, don't you think it's important what he said?
01:32:51.960
It's going to end with somebody with a gun in their mouth.
01:32:56.240
I mean, the goal is to get everybody to, we want you fired from your job.
01:33:01.840
I mean, like, it is a, like, it is an intense, it's a witch hunt.
01:33:07.900
And like, by the time she landed, her life was gone.
01:33:10.100
And it's like, I, you know, like, and she almost killed herself.
01:33:13.100
And it was like, that seems like we kind of went overboard there.
01:33:17.380
America, where two friends, Jimmy Fallon and Norm Macdonald could sit down and he could
01:33:23.180
go, come on, man, do you really, really, you really feel that way?
01:33:27.120
And, and we're like, no, no, no, I didn't mean it that way.
01:33:32.120
I would, you know, I think that this, this is a good, this is a good and important conversation
01:33:36.200
to have is like, you know, where are we, are we going to use due process the same
01:33:40.340
Is that the same standard we're going to use in the public sphere?
01:33:43.160
Like that maybe, maybe there's a reason we shouldn't, I don't know.
01:33:47.380
As opposed to have an orthodoxy we're bringing down on everybody.
01:33:52.160
Always good to see you and keep up the good work.
01:34:03.320
I mean, there's, there's one, at least one of everything.
01:34:09.160
I want you to try to put yourself into the mindset of somebody that was, was an icon in
01:34:22.680
Uh, and that continued for a very, very long time.
01:34:28.160
Uh, still he is the, uh, number 10 best selling, uh, recording artist, uh, on record number
01:34:38.280
10, uh, he, I guess, caused some controversy, uh, in the 1950s because he wouldn't kiss his
01:34:48.200
co-star, uh, cause he wouldn't, he wouldn't cross that line.
01:34:57.380
Um, it wasn't that I wouldn't kiss Shirley Jones in the movie, April love.
01:35:02.580
I would have, I wanted to, but, uh, who wouldn't if you saw her then?
01:35:14.620
And then April love in the first year of my quote movie career, I was married.
01:35:20.020
I had three kids, a fourth on the way to another Shirley, Shirley Boone.
01:35:23.720
And there was no kiss in the script of April love or nor had there been in Bernadine, my
01:35:31.040
And so I had not discussed with my wife, Shirley, the idea that I might spend half a day kissing
01:35:39.060
And when the director of the film, April love proposed in Lexington, Kentucky, where we were
01:35:47.120
filming and a, and a County fair Ferris wheel music number that as the Ferris wheel comes
01:35:53.360
to a close and you and Shirley Jones, you've come very close to each other and are feeling
01:35:58.940
very attracted as young kids to each other, that you lean in and tentatively kind of kiss
01:36:05.240
And I said, on the mouth, he said, he said, he said, yes.
01:36:10.260
I said, wait a minute, Henry, can we talk a minute?
01:36:12.700
I haven't discussed kissing my co-stars with my wife, Shirley.
01:36:18.920
Can I just, uh, maybe talk to her tonight and maybe do this tomorrow?
01:36:28.240
And I said, I know, but I, I just, I feel like I should not tell Shirley after the fact
01:36:35.600
So he said, okay, we'll do it a little later in the film.
01:36:38.340
It never happened because first I came home that night and I told my wife, Shirley, she
01:36:45.920
She said, I know you're going to have, you're going to make movies.
01:36:48.100
You're going to have to kiss some ladies, but I want you to promise me one thing.
01:37:02.020
So I came back to the studio the next day with her permission, all puckered up, ready
01:37:09.140
But it had hit the trade papers, Glenn, overnight, Hollywood reporter, Daily Variety, Pat Boone
01:37:17.960
They surmised for religious reasons, which it was not.
01:37:32.360
50 years later, there was, you know, they redid the film.
01:37:36.460
I mean, they refurbished the actual film and we had a big celebration of it in Hollywood.
01:37:44.060
I kissed Shirley Jones, but she, her husband, Marty Ingalls was there in a wheelchair and
01:38:11.920
But there was a light, little tender, teenage kind of a kiss, not the fatal attraction or
01:38:21.760
The first time I met you, you won't remember this, but you were on a tour.
01:38:27.540
I was still in music radio and you were on a tour.
01:38:42.800
And you got into so much trouble from the other side.
01:38:53.820
Because it looked like I had gone over to the dark side.
01:38:59.220
You were wearing, I think, leather chaps or something.
01:39:06.540
That Bill Ballou, who used to do Elvis's costumes for him.
01:39:11.720
Dick Clark had him make this thing up where I look like the quintessential heavy metal rocker
01:39:22.320
And I had tattoos on my shoulders, my pecs, a vest, just open all the way to the navel,
01:39:30.660
And I'm going on to present the award for hard rock heavy metal with Alice Cooper.
01:39:37.060
So Dick Clark had the idea, we should swap images.
01:39:42.180
Cooper would come out in a sweater, a golf cap, his hair pulled back, carrying a glass
01:39:50.560
And I would come out as the heavy metal rocker, which he prepared for me to do.
01:39:55.740
And for us, for me, it was a funny way to advertise the fact that my heavy metal album
01:40:02.800
of classic heavy metal songs, Deep Purples, Smoke on the Water, and Led Zeppelin's, gosh,
01:40:12.420
Stairway to Heaven, and Metallica's Enter Sandman, all of these songs with big band jazz
01:40:20.220
Very good, solid music, but with the cachet of all the heavy metal songs.
01:40:27.620
And there was some humor, we thought, to the fact that Pat Boone was doing heavy metal.
01:40:32.800
So Dick Clark wanted to emphasize that and have a swap images.
01:40:36.700
People thought I was serious, that I was trying to be a heavy metal rocker, and that I had
01:40:45.060
I remember you walked into the room, and you had a lollipop in your mouth.
01:40:56.880
So Pat, I mean, I could spend a day with you talking.
01:41:04.600
I was going to take you to what you're seeing, but I would rather ask you, I'd rather ask you
01:41:12.780
Like what you're, you know, how things have changed.
01:41:15.840
But I actually, with the time I have left, I would rather ask you this, because you brought
01:41:19.240
it up, Dick Clark was, people didn't really understand, I think in the general public,
01:41:35.820
You've probably first met him on American Bandstand.
01:41:43.560
When I first met Dick Clark, he was the off-camera announcer for Bob Horn.
01:41:53.000
And most of the big cities had dance party shows for the rock and roll kids to dance to.
01:41:58.980
Dick Clark was the off-camera announcer who would say, now here's Bob Horn and American
01:42:08.320
And so most of the artists who came on didn't mess with him.
01:42:14.080
But I went back and visited with him, and we talked and got chummy.
01:42:17.780
I didn't know he was going to be Dick Clark, the major mogul.
01:42:20.940
He was just a guy, and I wanted to say hi to him.
01:42:24.400
So we developed this, the beginning of a friendship.
01:42:27.420
So when he took, Bob Horn got involved with some of the young teenage girls, and he lost
01:42:34.200
And Dick Clark took over the show, and then ABC moved to New York, where my show was sometimes
01:42:40.660
number one, the Pat Boone Chevy showroom on ABC.
01:42:45.340
And so Dick, his first national show, he had as his guests me, Jerry Lee Lewis, and maybe
01:43:02.660
He would have been, if he wasn't sleeping with his, what was it?
01:43:09.800
If that wouldn't have happened, he would have, do you think he would have been Elvis?
01:43:16.600
He would have, as it turned out, I was the other Elvis.
01:43:19.660
I was, because I matched Elvis record for record in the 50s.
01:43:24.920
I had one more, people don't know this, one more top 40 record than Elvis in the last
01:43:32.380
And in the 11 months before Elvis hit with Heartbreak Hotel, my first record was Two
01:43:38.580
Hearts, Two Kisses, an R&B cover of a record by The Charms on the Dew Tone label, which nobody
01:44:12.580
And then from March of 55 to February 56, when Elvis hit with Heartbreak Hotel, you can't
01:44:24.060
I had six million selling singles in that 11-month period.
01:44:28.000
Two of them were A and B sides of the same record.
01:44:33.540
I don't think people can't get their arms around the fame that must have been your fame and
01:44:56.080
I mean, if you are, if you've got your own show on ABC and you are putting hits out like
01:45:16.640
I was determined I was going to be a teacher preacher, I thought, even then.
01:45:20.960
And I was so I was determined to get my degree from Columbia.
01:45:26.280
But when the record started happening, I moved to New York and Columbia University.
01:45:30.580
I was thrilled to be in part in Ivy League University.
01:45:35.180
And and and I had the Pat Boone Chevy show in the last year or two of the show.
01:45:43.420
But I had a beautiful wife and I was having a child a year when I graduated from Columbia,
01:45:58.640
Individually, four girls, all the records, the movies, the television, all of it happened.
01:46:04.340
Holy cow, you guys must have been tired at once.
01:46:07.620
And I existed like you have, I'm sure, many times on four or five hours sleep a night.
01:46:15.040
Always the valiant trooper that she always was.
01:46:24.240
But when I came home at night to Shirley and my little girls.
01:46:28.160
I realized this is a job all the difference in the world.
01:46:43.680
This Billy Graham magazine published after his death death.
01:47:02.700
Keep it going because the darkness is trying to crowd in on us.
01:47:06.040
It has been it has been so nice to have you as a kind of a cheerleader in the background.
01:47:17.420
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So get in line a little early at eight eight eight seven to seven back only on the blaze.
01:49:09.280
Glenn is going to be hosting a live book signing tonight.
01:49:14.460
That means you're going to be writing on television.
01:49:17.100
The cool thing about it is you actually get to ask questions about the book and you're going to be joining me, right?
01:49:22.340
So the questions, you know, you can ask anything and and I will mislead you with lies.
01:49:28.920
And Stu will make it uncomfortable and and is tedious for me, entertaining for you, tedious and embarrassing for me as you possibly can.
01:49:48.280
We are already on the ground ready for cleanup and and aid for Hurricane Florence.
01:50:01.800
Yesterday we had 250 semi trucks on the road headed in that direction with supplies, with water, with shovels, with chainsaws, you whatever it is that they are going to need.
01:50:16.000
We also have Team Rubicon that we are supporting.
01:50:25.080
They feed 30,000 people a day or sorry, 30,000 meals a day.
01:50:37.080
If you would like to help out and donate, even five bucks helps out at Mercury one dot org.