Another $2 Trillion?! | Guest: Mike Lindell | 3⧸31⧸20
Episode Stats
Length
1 hour and 59 minutes
Words per Minute
160.09882
Summary
Rachel Maddow, Mike Lindell, and Jim Acosta all give their thoughts on the latest in the latest 9/11 crisis. Glenn Beck talks about how we need to pray more to make America great again.
Transcript
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Hello America, welcome to Tuesday. We've got a lot to cover today. We're going to start with
00:00:04.620
some audio from Rachel Maddow, then Mike Lindell and Jim Acosta from CNN. That brings us to a
00:00:16.360
critical question. Why is it so many people think that this may not be real? It's bizarre to wrestle
00:00:26.360
with the numbers. We'll do that in one minute. This is the Glenn Beck program.
00:00:36.300
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All right, I want to start with some audio first. Let's go with Mike Lindell. Mike Lindell,
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who is going to be my guest on the Saturday podcast this week. He is the guy who started
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my pillow. He is an absolute character. This guy was a crack addict. He invented my pillow. He
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almost died. He cleans up his life. He's got an incredible life story. And he operates at a very,
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very high speed. I've never met anybody quite like Mike Lindell. And you will feel the same when
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you're listening to the podcast this Saturday. By the way, if you're a Blaze subscriber, thank you.
00:02:47.400
It comes out on Thursday. You'll be able to watch it on Thursday. All right. So Mike yesterday was
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brought up along with Procter and Gamble and somebody else. They're making all of these new
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products. So he was thanking the private companies that are now stepping to the plate to help make
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ventilators and everything else. And Mike's company, MyPillow, is now making masks. And
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at one point, he said, I just did your mind, Mr. President. And he just hijacked the press conference.
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And the president just stood behind him and smiled and went, go ahead, Mike, because that's the way
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Mike is. Here's what he said. Now I wrote something off the cuff, if I can read this.
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God gave us grace on November 8, 2016, to change the course we were on. God had been taken out of
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our schools and lives. A nation had turned his back on God. And I encourage you to use this time at home
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to get back in the word, read our Bibles and spend time with our families. Our president gave us so much
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hope, where just a few short months ago, we had the best economy, the lowest unemployment and wages
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going up. It was amazing. With our great president, vice president, and this administration, and all
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the great people in this country praying daily, we will get through this and get back to a place
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that's stronger and safer than ever. All right. So there's Mike. We're going to talk to him about
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this moment in what, about 90 minutes or so. He's going to be at the hour bottom, the bottom of hour
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three today. We're going to talk to him live. And then he's going to be on the podcast on Saturday. But
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the press went crazy for this. Crazy. Oh, crazy Mike talking about God. This is the problem. This is the
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problem. If we are so lost and we can't even tolerate someone saying, you know what? We should
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pray more. If that's just so outlandish, we are lost as a nation because that is what made us great.
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You want to make America great again? Let's go back to remembering God and his true principles.
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Now I'm not talking about religion. I'm talking about God, Franklin's God, Franklin. When he said
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there is a God, he'll judge us. So we should serve him. And the best way to serve him is to
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serve our fellow man. That's the American religion. If we could just get back to that and not mock and
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ridicule what used to be sacred and still is for millions of Americans. You know, if, if we would
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actually take seriously the call for fast and prayer and everything else, maybe, maybe we would
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be, um, maybe we'd be handling this better. I don't believe that this is a, uh, a punishment for God.
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I think, uh, from God, I think, I think God is, um, God's like an electric fence. You know, he's,
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he's, he's, he's telling you right now, there's electricity through that and don't touch it. If you touch
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it, you're going to get shocked because that's just the way electricity works. He set this system
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up to work a certain way. You touch the fence, you're going to get shocked. I told you not to do
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it. It's not a punishment. You shouldn't have touched the electric fence. He told you not to
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that's, that's what's happening to us right now. And we're not living certain principles. And I think
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we're paying the price for it right now. So that's the first place is the media takes Mike Lindell
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absolutely apart, but the media is so arrogant that they, they don't even, they don't even realize
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how far off the beaten path they are. Let me go to Rachel Maddow. Here's Rachel Maddow last week
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talking about how Trump is wrong. In terms of, uh, the happy talk we've had on this front from
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the federal government, there is no sign that the Navy hospital ships that the president made such
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a big deal of the comfort and the mercy. There's no sign that there'll be anywhere on site helping
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out anywhere in the country for weeks yet. The president said when he announced that those
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ships would be put into action against the COVID-19 epidemic, he said one of those ships would be
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operational in New York Harbor by next week. That's nonsense. It will not be there next week.
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Hmm. That was last week and yesterday, uh, it arrived. Um, they had to dredge the river and the
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harbor to be able to get it in, but somehow or another, they got it in. I'm, I'm, I'm waiting
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for the correction and the apology from MSNBC, but it will not come. Then Jim Acosta talked to the
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president and, uh, ask the president a question. Here's what he said. Go ahead. Let's give it a
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shot. What do you say to Americans who are upset with you over the way you downplayed this crisis
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over the last couple of months? Uh, we have it very much under control in this country. The
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coronavirus is very much under control in the USA. It's going to disappear. It's like a miracle.
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It will disappear at March 4th. Uh, we have a very small number of people in this country infected
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March 10th. We're prepared. We're doing a great job with it. It will go away. Just stay calm. It
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will go away. What do you say to Americans who believe that you got this wrong? And I do want
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them to stay calm and we are doing a great job. If you look at those individual statements, they're
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all true. Stay calm. Uh, it will go away. You know, you know, it is going away and it will go away and
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we're going to have a great victory. And it's people like you and CNN that say things like that,
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that, uh, it's why people just don't want to listen to CNN anymore. You could ask a normal
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question. The statements I made are, I want to keep the country calm. I don't want panic in the
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country. I could cause panic much better than even you. I could do much. I would make you look like a
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minor league player, but you know what? I don't want to do that. I want to have our country be calm
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and strong and fight and win and it will go away. And it is incredible. The job that all of these
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people are doing, putting them all together, the job that they're doing. I am very proud of the job
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they're doing, that Mike Pence is doing, that the task force has done, that Honeywell and Procter and
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Gamble and Mike and all of these people have done. I'm very proud. It's, it's almost a miracle and it is
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the way it's all come together. And instead of asking a nasty, snarky question like that,
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you should ask a real question. And I think he's absolutely right. And so there are people that
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are asking real questions and I don't, I mean, we've gone back and forth on this. Um, and we're
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going to know the answer in a couple of weeks, but I, I don't understand those people who were
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disappointed, uh, yesterday that the president gave in, uh, and is buying into these numbers,
00:10:02.100
uh, and why he's closing out. Let me tell you why the president kept things closed. First of all,
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uh, the two doctors came in to his, uh, into the oval office on Sunday and laid out these charts on the
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resolute desk and said, Mr. President, here are the facts. Here is the projection of what is coming.
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If we stay the course, here are the projections. If we don't stay the course, here's what we're
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looking at. And best case scenario, we're looking at probably a hundred thousand dead, maybe 200,000
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dead in the next week. If we, in the next two weeks, if we stay the course, the president saw that
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and said, I don't think there's a choice here. There's not. And here's why the president didn't
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want to be Arthur Newsholm. Who is Arthur Newsholm? Let me take you back to 1918 and the Spanish flu.
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It's hard to fathom what the Spanish flu was like. Remember, this is at a time where microscopes
00:11:04.640
couldn't see viruses. So you were really talking about an invisible, uh, enemy here. They could
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scientists couldn't see it. It killed an estimated 20 to 50 million people. We, we don't know exactly
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the number because we couldn't count all of them fast enough. There wasn't the systems that we have
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now, but we do know it killed more than all of the soldiers and civilians killed during world war one.
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Now the Spanish flu, it came March, 1918. The first thing it's showed up like a seasonal flu.
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It was highly contagious. It was a virulent strain. The first case was an army cook, uh, in Kansas and
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he was hospitalized with 104 fever and it spread through the camp in, uh, in Kansas. In no time in
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a month, 1100 troops had been hospitalized and 38 died after after pneumonia. It was an estimated
00:12:07.660
three quarters of the French military that was infected in the spring of 1918, half of the British
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troops. And that wave was not deadly. That wave was, I mean, not particularly deadly. That wave was a
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lot like this wave. So symptoms were high fever. It lasted about three days and it was like the seasonal flu.
00:12:33.880
So what happened? Well, it was the summer of 1918 at the beginning of August, the virus had run its
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course and everybody said it was over. It was the calm before the storm somewhere in Europe, a mutated
00:12:50.760
strain of the Spanish flu virus emerged and it had the power to kill healthy young people and old people
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and middle-aged people. So from September to November of 1918, the death rate from the Spanish flu went
00:13:06.920
through the roof. In the United States, 195,000 Americans died from the Spanish flu in just the month of
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October. Now the spread of the Spanish flu was blamed on the public health officials unwilling to impose
00:13:27.840
quarantine during wartime. In Britain, the guy who got the name of Dr. Death, if you will, was Arthur
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Newsholm. He, he knew and had been informed that a full civilian lockdown was the best way to fight the
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spread of this disease. And he knew it. And he said, I can't.
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There's a war going on and we have to have all of the armaments. We can't stop the war. And so he said,
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you can stay home if you want, but everyone who is working on the war, which is almost everybody,
00:14:08.980
you've got to carry on, keep calm and carry on. Arthur Newsholm is the reason why this spread
00:14:19.480
was way out of control. That and the Red Cross refusing to use African-American nurses.
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There was a shortage of nurses at the time because most of them were overseas.
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Then they started dying and the Red Cross was still saying, no, we can't have African-Americans
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work on the floor with sick people. Oh my gosh, you'll get even more sick.
00:14:43.980
Those are the two reasons. Well, we're not worried about anybody, you know, their skin color when
00:14:50.480
they're a nurse. We got that one down. The president didn't want to be Arthur Newsholm and he was right
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to do it because as he said, the worst thing that could happen is to declare victory like they did
00:15:06.900
in 1918, only to have it come back and be worse. More in just a second.
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And we've got to talk about the Tiger King today. It's crazy, crazy.
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This because I don't understand it. Do people think that Donald Trump has been duped?
00:17:30.020
Or do people think that Donald Trump would not do anything to keep the economy going?
00:17:36.940
I'm trying to understand my friends who are really smart. For instance, Steve Dace.
00:17:42.480
He's all over this that we have we have killed the economy for no reason.
00:17:48.700
Yeah, I just I don't think he'd characterize it that way. But yeah, I mean, I know he is very concerned
00:17:53.540
about the economy and as opposed to this and thinks we just have to factor it into, I think, the way
00:18:00.260
we deal with things that are destructive to human life all the time as part of our daily lives. It's
00:18:06.000
something we have to recognize. And he thinks maybe we've overreacted on this one.
00:18:10.940
Here's where I here's where I keep going. And I know that Steve is is, you know, he's aware of this as
00:18:17.100
well. But the collapse of the health care system, just because of the collapse of the health care
00:18:22.640
system, I believe that would lead to socialized medicine. We would not have a chance of having
00:18:28.900
privatized medicine if that system collapsed, because everybody would say, see, it's not it's
00:18:34.220
not working. This is giving us a chance to show the private sector and show what it really can
00:18:39.960
do. How do you how how how how do how do you explain to people the collapse of the health
00:18:50.440
care system and what that would do? Just the ramifications of that. Well, obviously, that
00:18:55.260
would be really bad. You know, one of the, of course, what people don't talk about is the
00:19:00.400
reason we don't have enough hospital beds in the first place is largely because of socialized
00:19:05.180
medicine. Right. Like back when it all it stems from a law back in the 70s that was passed because
00:19:11.540
first Medicare and Medicaid were passed and then they were afraid that that hospitals would build
00:19:17.720
too many beds because they knew the government were going to were going to pay for a lot of these
00:19:21.980
procedures. So the government limits how many beds are available because you have to go and get
00:19:29.040
approval to get new hospital beds because you never know you might charge the government too much
00:19:34.480
money for unneeded procedures. It's kind of like that old Barack Obama tonsil argument he made
00:19:41.080
where, you know, I guess people were just going to be removing tonsils like crazy to screw the
00:19:45.420
government over or something. And so we have actually lost. What's the number is? It's about
00:19:53.980
half a million hospital beds have been lost in this country since 1974, which is bizarre. You think we go
00:20:02.320
the opposite way? Yeah, because your population is growing. And what's really bizarre about that
00:20:09.920
is it's almost like the oil refineries. We're not building any new oil refineries and haven't
00:20:21.260
since the 1970s. You know, it's I mean, but it's hospital beds. Right. Hospital beds. Partially,
00:20:27.780
it's because also sort of the victim of capitalism's own success and that there's been so many medical
00:20:33.640
improvements that long hospital stays aren't as necessary as they once were. So that's also part
00:20:39.760
of the reason. But generally speaking, this is something that could have been solved by the free
00:20:44.120
market, but it wasn't because the government literally makes you ask them whether you can build
00:20:49.880
a new hospital and put new beds in it. You have to get their approval and you have to designate that
00:20:55.120
a certain community needs, quote unquote, needs the hospital. I think people, you know, you see a
00:21:00.360
situation like this and there's there's a little bit more need than I think the government tried to
00:21:03.660
estimate. All right, back in just a second. Pat Gray is going to be joining us. The Tiger King. Yes,
00:21:12.000
the Tiger King coming up. You're listening to Glenn Beck.
00:21:19.540
There is a there is a short term T-bill auction going on right now that is terrifying. The government
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is is selling treasuries like nobody's business. Nobody's business. It is going to devalue the dollar.
00:21:36.860
It is why there is a shortage of gold. I can't believe I'm saying this. There is a shortage of
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Glenn Beck's new book, Arguing with Socialists, is out on April 7th. You can preorder it now
00:22:46.460
Tomorrow at nine p.m. Eastern, our response to the coronavirus has crippled the economy.
00:22:51.560
Nearly three point three million people now out of work. But there's one group of Americans who
00:22:55.980
stand to profit off of America's demise. The incompetence of Donald Trump is on dangerous
00:23:01.120
display. Glenn Beck argues the stakes are too high. Americans need to fight together,
00:23:06.060
turn the economic engine back on and ask what's more dangerous, the coronavirus or the mainstream
00:23:11.320
media? America's most dangerous virus. The media tomorrow at nine p.m.
00:23:15.720
Eastern, only on Blaze TV. You don't want to miss that. Welcome to the program.
00:23:20.740
Glenn Beck, joined now by Stu Bergeer, our executive producer and host of Stu Does America and Pat
00:23:28.560
Gray, host of his own show. Pat Gray Unleashed. Hello, Pat. Hello, Glenn.
00:23:32.960
Do you remember the the couple that ingested the fish tank cleaner? I do last week. Yes. Tell me the
00:23:41.760
story. Tell me the story. The best of your recollection. Well, because Donald Trump made
00:23:45.840
it sound like the the fish tank cleaner was a cure for the coronavirus. They took it. They ingested it.
00:23:56.580
And of course, it nearly killed him. Now, that was that was basically OK from the media. All right.
00:24:04.660
So now the Washington Free Beacon has found their names. They established the identities through
00:24:10.880
descriptions in the local news reports. The pair identified as Gary 68, Wanda 61. Free Beacon is
00:24:18.260
withholding their identities at Wanda's request. However, the Federal Election Commission records show
00:24:25.040
that Wanda has donated thousands of dollars to Democratic electoral groups and candidates over
00:24:30.920
the last two years, including Hillary Clinton, the Democratic Congressional Campaign Committee,
00:24:35.680
Emily's List, a group that aims to elect pro-choice female candidates. And in fact, they her most recent
00:24:44.580
donations went on in February to a Democratic pact, the 314 Action Fund that bills itself.
00:24:54.160
Well, I'll tell you what it bills itself as in a minute. But according to the Free Beacon,
00:25:01.680
Wanda said that she and her husband are both Democrats. They're not Trump supporters.
00:25:06.520
They heard about the potential benefits of chloroquine, chloroquine, an anti-malarial drug in
00:25:12.020
news reports. She said decided at the spur of the moment to try taking it, but reach for the fish tank
00:25:18.440
cleaner in the pantry that contains chloroquine phosphate, a different and deadly form of the chemical.
00:25:26.520
Oops. She said, we're we're not big supporters of Trump, but we did see that they were using it in China and
00:25:33.500
stuff. And we just made a horrible, tragic mistake. It was stupid and horrible. We should have never done it,
00:25:39.380
but it's done now. And I've lost my husband and my whole life was my husband. We didn't think it would
00:25:45.680
kill us. We thought it would help us because that's what we'd been hearing on the news.
00:25:52.000
We saw Trump on TV, on every channel and all of his buddies, that this was safe, she said.
00:26:00.420
Trump kept saying it was basically pretty much a cure.
00:26:06.360
She said you shouldn't believe anything that this president says.
00:26:13.360
By the way, the PAC that she donated a lot of money to here recently was the 314 Action Fund
00:26:21.460
that is billed as the pro-science resistance group.
00:26:28.700
Are they resisting science? Because that would actually fit.
00:26:35.100
She said, don't believe anything this president says to people.
00:26:42.000
We were having the best day before it happened.
00:26:44.180
I made him his favorite lunch. Grilled steak and asparagus and red potatoes.
00:27:01.440
He never told anybody to take the fish tank cleaner.
00:27:05.720
Nor did he say it was a cure, even in the right form of it.
00:27:08.420
He said they were going to test it and he was hopeful.
00:27:17.980
What's interesting is there's two there's two quotes from her.
00:27:24.100
She decided at spur of the moment to try taking it,
00:27:27.860
but reach for the fish tank cleaner, phosphate, blah, blah, blah.
00:27:32.640
She said we weren't big supporters, but we did see that they were using it in China and stuff.
00:27:46.400
In the NBC, she said, she said, don't take the president's words.
00:27:54.360
He says don't believe anything that the president says and his people.
00:27:58.540
So I'm I'm wondering why she didn't say that to the Washington Free Beacon or if she were was prompted into that or she's trying to make herself feel less stupid by blaming it on the president of the United States.
00:28:23.480
She also knows who she's talking to when she's talking to them.
00:28:27.160
I mean, the NBC people are going to be more receptive to the don't listen to anything the president says than the Washington Free Beacon is.
00:28:34.660
But, yeah, I missed the speech where the president said, hey, if you have a fish tank, you know, you ought to do is run over and grab and grab the cleaner and just ingest it.
00:28:50.260
And then you'll be protected from the coronavirus.
00:28:53.560
Well, I mean, like we all know that you can eat fish, but you don't go to your fish tank and eat the fish out of there.
00:29:00.920
Like, there happens to be a similar word that happens to be associated with a fish tank.
00:29:11.480
I mean, if it really is sad, you know, there's speculation.
00:29:14.980
I know at the beginning of this, they're like, it just sounds like she just killed her husband.
00:29:18.440
And it's like, well, I don't know if there's any evidence of that.
00:29:24.340
It's just, it is a really tragic story of someone who really was a victim of their own stupidity.
00:29:33.620
But, you know, the way that it's, you know, it's just so bizarre coming from a person who is making a big political point out of it.
00:29:40.060
I can't imagine if I just lost my husband that I'd be sitting here going like, the American people should not be complaining, listening to this president.
00:29:47.000
This president is not trustworthy, and I believe you should donate to it.
00:29:50.680
It just doesn't seem, it seems like a very, it's a very shady story.
00:30:04.000
Because that sounds like somebody, yeah, that sounds like something somebody would say that's been watching the Tiger King.
00:30:14.420
And you find out that, I mean, early on, that the Tiger King is in jail, I think, we don't really know.
00:30:25.040
At the beginning, you find out that he's in jail, and it's because he put a hit out on this woman who is trying to shut his tiger camp down.
00:30:36.280
Uh, she's in Florida, and she rescues tigers, and she's putting them in really crappy cages.
00:30:44.620
I mean, his place is nice compared to hers, and she's like, oh, you can't keep animals in cages, and she's got them all in these really crappy cages.
00:30:52.720
Anyway, apparently he was trying to kill her, but then you find out that her really rich, you know, millionaire husband just disappeared.
00:31:02.980
Uh, and, uh, and they've never been able to find the body, and they say that maybe she killed her husband and fed him to tigers.
00:31:16.060
You watch this, and you're just like, I don't, I, I've never seen a bigger freak show than this show.
00:31:28.540
Every 10 minutes, you think, okay, can't get worse than this.
00:31:41.700
And anybody who's ever lived in Florida understands what I'm saying.
00:31:45.340
Every crazy story ever that you've ever heard, somehow or another, is connected to Florida.
00:31:51.800
So, I mean, and there's actual murders going on, and we're making a reality series out of it?
00:31:58.660
That's the only way we get justice done anymore in this country.
00:32:02.420
Look at the, here's, here's the featured story, uh, the top of the page of, uh, the Blaze.
00:32:08.240
Popularity of Tiger King documentary prompts Sheriff to ask for leads in cold case of woman's missing former husband.
00:32:15.920
I, I sort of, it's the only way we can do anything anymore.
00:32:18.100
Like, the legal system just sits around and waits for documentaries now.
00:32:33.460
Like, you know, they, this guy had been in, you know, jail all this time, and, and it was this cold, you know, the case had already been decided.
00:32:39.520
And then they had to go back through it and look at it again because the documentary came out.
00:32:44.720
The true crime, I mean, the true crime genre just drives our legal system.
00:32:48.160
If you guys have to just watch at least one episode, watch just one episode because you have to meet the Carol woman.
00:32:56.240
And the people who are, the people who are making this are genius because they're, they'll leave in footage of, of them, you know, at times like they're driving up to meet her for the first time.
00:33:10.260
And you just hear one of the cameramen or one of the producers go, well, she's dressed appropriately.
00:33:17.280
And when you see the camera come on her, it's just like, oh my God, you, you, you, you would not believe that this is as crazy as, uh, what's the group that did a spinal tap and a best in show.
00:33:34.400
Oh, like a Christopher Guest movie you're saying?
00:33:38.480
It's as crazy as those people, but that's all make up.
00:33:51.000
We were talking about this too, that it's gotta be one of the larger sort of shared cultural events in a long time because, you know, when these things happen.
00:34:01.700
Like when you hit one of these things, when you're, you're the big documentary that everyone's talking about or the big show that everyone's talking about on Netflix, it's already a big thing.
00:34:09.960
But now everybody's at home watching television.
00:34:13.240
Like, I mean, everyone is streaming Netflix at the same time.
00:34:16.480
You're going to have a hundred million people watch this.
00:34:17.820
You probably, it probably will go back to some of those old school TV numbers.
00:34:24.280
I, I contend this quarantine could not have happened 15 years ago.
00:34:35.140
Because unless Blockbuster was deemed essential.
00:34:40.880
I mean, you could just, you wouldn't, you couldn't have done it.
00:34:45.940
That's why we're willing to give up our constitutional rights because we've got Netflix now.
00:34:54.000
Like, can you imagine how big the actual viewership numbers would be if we had the four networks,
00:35:01.480
the three networks or four networks, uh, and just regular television, how huge the numbers
00:35:08.780
Now these Netflix numbers have got to be outrageously huge.
00:35:13.060
And, you know, they, they don't, they don't share them.
00:35:17.940
You can get Pat on Pat Gray Unleashed, wherever you, uh, grab your podcast worth a listen.
00:35:23.220
You can hear him live on blaze radio right before this program as well.
00:35:30.520
Um, Mike Lindell is going to be on with us in about an hour and a half.
00:35:37.040
I want to talk to you a little bit about his company, my pillow.
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If, if I was buying it in a store, I would never buy it.
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Again, I don't know how it's like black magic, but also he has Giza.
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00:36:49.260
So a, uh, an Australian astrophysicist has been admitted to the hospital.
00:37:11.620
Um, he was trying to, uh, design a necklace that would sound an alarm on facial contact.
00:37:20.700
So if you would touch your face or your hand would come close to your face, your necklace would sound an alarm.
00:37:27.620
He said, you know, I, I don't really have any experience in things like this.
00:37:36.460
Um, but I, I had this idea, uh, because I have this part that would detect magnetic field.
00:37:43.860
And I thought if I built a circuit, it could detect the magnetic field.
00:37:51.520
However, I accidentally invented a necklace that buzzes continuously.
00:38:10.260
And I was a bit bored playing with the magnets.
00:38:14.360
Uh, it's the same logic as clipping pegs to your ears.
00:38:18.480
I clipped them to my earlobes and then clipped them to my nostril.
00:38:22.360
And quote, things went downhill pretty quickly from there.
00:38:28.500
He said he placed two magnets inside of his nostrils and two on the outside.
00:38:34.260
When he removed the magnets from the outside of his nose, the two inside just stuck together.
00:38:40.220
Uh, at this point, my partner who works at the hospital was laughing at me.
00:38:44.160
I was trying to pull them out, but there's a ridge at the bottom of your nose.
00:38:49.000
After struggling, trying to get the nostrils, uh, trying to get the magnets out of his nostrils
00:38:53.940
for 20 minutes, quote, I decided to Google the problem.
00:38:57.680
I found an article about an 11 year old boy who had the same problem.
00:39:01.940
The solution he found was more magnets put on the outside to offset the pole from the
00:39:10.160
As I was pulling downward and trying to remove the magnets, they clipped on each other and
00:39:17.100
Now those two magnets ended up in my left nostril while the other one was in my right.
00:39:22.540
At this point, still quoting, I ran out of magnets.
00:39:30.980
But every time I got the pliers close to my nose, my entire nose would shift towards the
00:39:35.420
pliers and the pliers would stick to the magnet.
00:39:37.700
He was admitted to the hospital and I think his inventing days are now behind him.
00:40:02.680
I want to start this hour with a look at America's second Great Depression.
00:40:08.200
Oh, Glenn, you're going to be, it's going to be so much fun.
00:40:11.060
No, it's not that it's not, it has nothing to do with coronavirus or the economic situation
00:40:29.140
So first, let me, let me do, let me, let me spend just a second here on economics.
00:40:35.060
We have a treasury auction that is going on right now.
00:40:37.980
And what treasury auctions are is they, they, they auction off our debt into treasury bills.
00:40:44.940
And, you know, people buy that debt for anywhere from 90, 180 days to 20 years, 30 years.
00:41:03.880
We have to have money and selling these T-bills with less than 1% interest owned to the buyers
00:41:11.360
is helping, you know, the government's coffers.
00:41:16.300
It's important to remember the government cannot print money.
00:41:21.820
The Fed is a privately owned bank that, uh, that has government appointed directors
00:41:31.680
So the government can only print debt and then it raises capital by selling that debt
00:41:38.000
to buyers who expect to be paid back generally with some interest.
00:41:44.920
They, they act as a buyer, a private investor, you know, and they, they take these treasury bills.
00:41:51.200
And right now investors are looking for some place to put their money for 90 or 180 days.
00:41:58.360
And so we are, we are just exploding right now in this treasury auction.
00:42:14.800
So this is, this, this is how we're funding our government right now,
00:42:20.200
but only because the stock market is going crazy.
00:42:23.700
The most recent 30 year government bond auction was March 20th.
00:42:28.420
It had one buyer, one showed up and it was the federal reserve.
00:42:34.120
So once we get past this short term, we are in so much trouble because no one wants to buy
00:42:46.060
Kind of a problem, which brings me now to our sponsor this half hour.
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They're, they're selling you paper now and saying, we will supply the gold and deliver
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I think in the, in the United States, they're part of this big conglomerate that, that really
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has access to all of the people who have gold in big holdings.
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If you call them at eight, six, six gold line, one, eight, six, six gold line.
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Remember everybody's putting their money in those treasuries, but that's because they
00:43:57.800
need some place just to hold it through this, this, uh, the crisis.
00:44:03.160
Once this crisis is over, do you think they're going to buy 30 year treasuries?
00:44:07.640
Do you think they have that confidence to lock that money up that the United States is going
00:44:21.540
Eight, six, six gold line or gold line.com tomorrow at 9.
00:44:24.820
Eastern, our response to the Corona virus has crippled the economy, nearly 3.3 million people
00:44:29.800
now out of work, but there's one group of Americans who stand to profit off of America's
00:44:35.160
The incompetence of Donald Trump is on dangerous display.
00:44:42.600
Turn the economic engine back on and ask what's more dangerous, the Corona virus or the mainstream
00:44:53.660
So I want to talk to you about the great American depression, the second American depression.
00:45:00.720
During the 1930s, we all know about the depression.
00:45:11.400
And during that time, people started to question the merits of capitalism and progressives of
00:45:17.700
the era, which were proudly socialists, proudly socialist and proudly many of them communists
00:45:24.700
decided that really it was the Soviet system that that would provide some answers.
00:45:31.280
This is before, you know, this is while the New York times was still hiding all the deaths
00:45:38.800
So membership in the communist party grew 10 fold during the great depression from 7,000
00:45:50.320
We didn't elect a communist, uh, but Franklin Roosevelt was clearly a socialist and the biggest
00:45:58.000
socialist we've probably had, uh, maybe up until, uh, uh, Barack Obama, the rise of that in
00:46:07.520
the 1930s is exactly the same without the 30% unemployment.
00:46:15.040
I have a book coming out, uh, next week, and it is one of the most important books I think
00:46:23.760
Uh, it is arguing with socialists and we really, we did our homework.
00:46:30.200
We really tried to make this so it was fun to read, easy to read, have all of the answers
00:46:37.680
It's our first all full four color, uh, book that we have done in probably 10 years, maybe.
00:46:47.540
We modeled it after arguing with idiots, uh, because that was so popular.
00:46:54.460
And the kids that I've heard in the last 10 years that said, I did my reports and schools
00:46:59.900
based on that and yada, yada, yada, because it has a hundred page of footnotes at the back.
00:47:08.400
You quote the New York times, or you quote the, the socialist or the communists or the radicals
00:47:16.160
Um, we decided to write this because I believe we are in a second great depression.
00:47:21.780
And again, it has nothing to do with, um, unemployment yet.
00:47:29.880
Look at the pattern in the 1930s socialists or the communist party grew tenfold in 10 years.
00:47:36.840
The democratic socialists of America membership grew almost tenfold over the last decade, around
00:47:42.880
5,000 members in 2009 and 55,000 members today.
00:47:49.720
Two months ago, you, you gov and the economist poll found 60% of Democrats under 30 supported
00:48:02.760
If you feel relieved that Bernie Sanders campaign has tanked over the last several weeks, don't
00:48:19.140
Bernie is not the vehicle that's going to take socialism fully mainstream, but somebody else
00:48:24.820
will, especially if we have 30% unemployment in this country.
00:48:29.760
Um, the growing coronavirus or the recession or the depression will only embolden the socialists.
00:48:42.860
Why did this grow without in one of the most prosperous times in our nation's history?
00:48:50.800
Well, nobody talks about it, but it is the pathetic U.S. history and government education
00:49:00.240
That's not to say that all history classes are all history teachers suck and are pathetic.
00:49:05.360
There are a lot of, you know, non-Marxist history teachers in public and private education
00:49:10.860
across the U.S., but I don't think they're even getting the right education.
00:49:14.860
In fact, I know it because of the work we do over at Mercury One, but typically just talk
00:49:20.560
about the students before a student graduates from high school, they might have two years
00:49:26.200
of U.S. history, one in middle school and one again in high school.
00:49:31.080
Maybe if they're lucky, they get a year of government, but that's it.
00:49:36.060
Remarkably, 82% of colleges do not require a single course in U.S. history or government.
00:49:44.860
So you can earn a degree in the United States and you don't have, you can earn a history
00:49:50.140
degree and you don't have to study America and American history.
00:49:57.620
Ronald Reagan said in his farewell address in 1989, he said, an informed patriotism is what
00:50:07.140
And are we doing a good enough job teaching our children what America is and what she represents
00:50:14.780
We've got to do a better job getting across that America is freedom, freedom of speech,
00:50:26.240
And if we forget what we did, we won't know who we are.
00:50:31.640
I'm warning of the eradication of the American memory that could result ultimately in the erosion
00:50:50.100
And what the truth is, no one's really making the case.
00:50:58.600
The embrace of socialism by the Democratic Party is real evidence that this eradication
00:51:09.540
We're not taught to appreciate the Declaration of Independence or the Constitution.
00:51:14.140
And when we don't know these things, we don't know why we came up with the system that we
00:51:20.680
did, which that system, even though it wasn't called socialism at the time, that system was
00:51:31.660
It's what the earliest settlers in America tried to do.
00:51:41.020
Then we have a half a century of our universities being run by Marxists, teaching Marxism, and
00:51:51.540
we call it education, and we're dumb enough to pay for this system.
00:52:05.780
Universities stuff with the priests of progressive communist religion, churning out new disciples
00:52:16.140
But there is even a bigger contributing factor to the Second Great Depression.
00:52:30.020
It is the erosion of the traditional family, the lack of purpose, isolation, the diminishing
00:52:44.240
And when they are empty, they'll rush to something that gives meaning.
00:52:52.000
In the early 20th century, the charismatic prophet of socialism comes around and he leads the youth.
00:53:06.160
America's spiritual anchor has always been Christianity or the Bible, the God of the Old and New Testament.
00:53:15.780
And that gave us meaning and identity and purpose.
00:53:20.380
And if we don't know these things, then we get to go find our own truth and our own meaning.
00:53:30.000
How many of us have spent our lifetime following what we wanted to do, only to wake up one morning and realize our life was completely out of control and we just needed to turn it over?
00:53:45.060
Every alcoholic that is currently sober is because they finally surrendered to not my way, his way.
00:53:52.520
And the follow your own calling, follow your heart culture, yields feelings above all else.
00:54:05.420
No political philosophy caters to feelings more than socialism.
00:54:09.380
It provides the clear villains, the rich and the corporations.
00:54:17.040
We'll knock those villains down by seizing the means of production, wielding the power of taxation.
00:54:40.640
Having apocalyptic nightmares about climate change?
00:54:50.600
And once you realize that doesn't work, you become more and more angry.
00:54:54.380
Ever wonder why so many socialists are really angry?
00:54:57.260
It's because in the absence of God, pressure is put on his replacement to bring fulfillment and it doesn't happen.
00:55:03.880
And so there's got to be somebody standing in the way of making this utopia work.
00:55:28.920
It is critical that we know how to argue against socialism.
00:55:47.500
You can order it right now at Amazon.com or wherever you get wherever you get your books.
00:56:05.440
And we saw with arguing with idiots the impact that it made on the next generation.
00:56:21.300
But order it now because we ain't going to be hanging out at bookstores next week anyway.
00:56:25.980
Order it now at Amazon or wherever you buy your books.
00:56:28.420
So if you have to sell your home right now, holy cow, you might be afraid of the future.
00:56:45.720
If if I have to sell my house, I'd be sweating bullets.
00:56:56.980
Am I going to be end up upside down in the situation?
00:57:00.520
Could I recommend that you call my company realestateagentsitrust.com?
00:57:08.680
They're not out there to pressure you into anything.
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They just want to do the best job they can possibly do.
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Make sure you're satisfied with the home that you buy or that you have the easiest process ever on selling your home.
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They're professional, industrious, and they are the best in the field.
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And they want to go to work solving the problems for you today.
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If you're looking to buy or sell a house, you need to know what's coming.
00:57:34.140
They can't tell you exactly what's coming, but they can get you prepared for whatever we might be facing when we come out of this.
00:58:08.000
Still, have you seen that the Democrats and Nancy Pelosi are already talking about the next stimulus bill?
00:58:17.860
And when you give them one, they always have another one down the road.
00:58:24.760
Because, I mean, people don't even have the money from this one yet.
00:58:28.300
Because if you spend $2 trillion, you think that you're not going to have multiple millions of people unemployed, right?
00:58:39.720
Like, we all kind of understand, like the government is saying, you need to close down your business for this time.
00:58:45.500
We're all going to stay away from each other and stay home.
00:58:47.940
So, every business isn't going to go out of business unless we do something.
00:58:52.160
And then we're still getting multiple millions of people.
00:58:54.060
I mean, I can't even imagine what's going to happen this Thursday when the weekly numbers come out.
00:59:05.640
I think they're going to be bigger than last week.
00:59:11.300
You know, the point of this bill is that, in theory, if you're a small business, you don't fire your employees.
00:59:24.680
Well, the government is supposed to give you, quote unquote, loans in which you are going to pay your employee.
00:59:32.000
And now, if you pay your employee, they don't have to go on unemployment.
00:59:41.420
It's just us giving you a bunch of money to pay your employees, which makes some sense in this environment, I suppose.
00:59:47.280
Wouldn't you like to see the fine print on that one?
00:59:51.360
Would you like to see the fine print on that one?
00:59:53.580
Yeah, we know that, like, with airlines, it means that you can't oppose unions if you take the money.
01:00:00.300
If you take the loans, you can't oppose any union effort in the future until you pay it all back.
01:00:05.380
So, there's going to be probably strings attached to it.
01:00:10.480
Macy's is furloughing 125,000 employees this week.
01:00:16.660
They said yesterday it's taken a heavy toll on Macy's.
01:00:27.240
That's Macy's, Bloomingdale's, and Blue Mercury.
01:00:30.140
775,000 stores, 125,000 employees nationwide, all being furloughed, and they may not come back.
01:00:39.940
Their first problem is having 775,000 stores and only 125,000 employees.
01:00:45.700
Well, each one of them is running five or six stores?
01:01:02.540
People just go in and steal us blind, walk out without finding a cashier.
01:01:15.120
I wish I could blame it on the drugs, but I can't.
01:01:21.940
People who don't live with mild or severe frequent pain don't understand the extent that it can absolutely rule your whole life.
01:01:31.080
Pain that puts you into a place where you're susceptible to all kinds of feelings of depression and hopelessness and everything else.
01:01:47.720
I don't think I'd be doing this show today if it wasn't for relief factor.
01:01:52.940
I was ready to give up two years ago because I had tried some things.
01:01:57.940
It worked, and then they stopped working, and then they'd work, and then they'd stop working.
01:02:02.480
I've been on this for two years now, relief factor, and it is still working today.
01:02:06.840
In fact, my quality of life gets better every day.
01:02:12.980
70% of the people who try it go on to order more.
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Use the promo code Glenn, and you'll get $30 off.
01:02:51.820
So I'm, I'm, I was just looking up at the repo market for the Federal Reserve, you know,
01:03:01.540
because that's what I do, so you don't have to.
01:03:04.080
Last night, the Fed was offering up to $500 billion in liquidity, half a trillion dollars to the banks.
01:03:11.520
If they, if they didn't have enough money to, you know, to close their doors and open them the next morning,
01:03:18.800
they would, they would just loan them the, the money overnight.
01:03:30.660
So $500 billion offered, only $250 million needed by the banks.
01:03:39.420
But does that mean that the banks are so clogged with cash right now, they literally don't need any?
01:03:44.920
Or is it that the Fed already owns everything, the treasury bonds and the mortgage-backed CDOs and everything else,
01:03:52.200
and it's willing to accept as collateral from Fed member banks, uh, treasuries?
01:04:04.020
Here's one thing they just announced, and, and help me out, Stu, because this gave me an, oh, dear Lord, moment.
01:04:40.960
Including the U.S., treasury market, and thus maintain the supply of credit to U.S. households and businesses.
01:04:47.800
The FEMA repo facility will allow FEMA account holders, which consists of central banks
01:04:55.060
and other international monetary authorities with accounts at the Federal Reserve of New York,
01:05:02.420
to enter into a repurchase agreement with the Federal Reserve.
01:05:06.320
In these transactions, FEMA account holders temporarily exchange their U.S. treasury securities held with the Federal Reserve for U.S. dollars,
01:05:17.800
which then can be made available to institutions in their jurisdictions.
01:05:21.880
This facility should help support the smooth functioning of the U.S. treasury market
01:05:27.140
by providing an alternative, a temporary source of the U.S. dollars, other than sales of securities in the open market, blah, blah, blah, blah, blah, blah.
01:05:34.140
So, so wait, so wait, are we buying back our own treasuries now?
01:05:41.420
Is the Fed going to the central banks around the world and saying, okay, we're going to give you cash,
01:05:49.460
just turn in your treasury and we'll hold your treasury bill?
01:05:53.860
Is that, is that, is that, is that, is that what's happening?
01:05:57.640
Are we, are we flooding the entire world with dollars now and buying back our own treasuries?
01:06:02.420
This is, we're definitely flooding the whole world with dollars.
01:06:05.920
I will say, I don't, I don't fully understand what you just said, to be honest about it.
01:06:12.100
It seemed like a very complicated transaction, which is probably why it won't make big news when it probably should.
01:06:17.640
Yeah, I'm, I'll, I'll get back to you on this, but I think this is a really big deal.
01:06:27.880
Isn't that one of those things that they always said will never happen?
01:06:33.820
Why is the Federal Reserve now, are they the bank of all central banks around the world?
01:06:42.440
I mean, does this, does our central bank own all the other central banks?
01:07:10.860
Are you denying the reality, what we have right now, which is a bull market?
01:07:16.860
You know, I've noticed you, you haven't even mentioned that since it happened.
01:07:20.040
You know, we went, the shortest bear market in American history.
01:07:27.620
Which is hilarious because we lost like 30% and then gained back 20.
01:07:31.940
And then they're like, well, you're in a bull market.
01:07:34.240
I'm like, I don't think this doesn't feel like a bull market right now.
01:07:38.100
But apparently, technically, it feels like fake money.
01:07:43.140
Yeah, the people who I, you know, have my money in, you know, the stock market, they're calling me every day.
01:07:49.000
Glenn, you're missing, you're missing the upside.
01:08:00.980
Instead of a melt down, you have a melt up where stocks go through the roof.
01:08:06.100
Remember I said, you know, Dow 40,000 is possible and then it will melt down quickly.
01:08:19.200
I will say it was in that Dow 40,000 does not feel like it's coming around the corner anytime soon.
01:08:30.460
Where do you think all of that money that the that the the banks got?
01:08:59.840
Right around the time of the you know, this this the the four trillion came right around the same time as the as the as the these numbers aren't even real numbers.
01:09:10.000
I like I feel like when I was a kid, that trillion seemed like a completely made up number.
01:09:14.440
Now it's like every other bills, another couple of trillion dollars.
01:09:18.440
Even the boring ones are trillions of dollars now.
01:09:21.580
It's like, no, it's not even a challenge to get up to the trillions.
01:09:27.580
There was a story that came out that actually mentioned quadrillion as a as a legitimate option, which was something to do with the derivative markets or something.
01:09:36.620
The CDOs, the thing that caused the problem in 2008, the CDOs, that was, I think, 50 trillion dollars in 2008.
01:09:44.000
It is now two hundred and fifty trillion or a quarter of a quadrillion dollars.
01:09:58.920
I know that when you just constantly and it's funny because we've been talking about this and there's a big section in your book arguing with socialists that talk that talks about modern monetary theory,
01:10:08.880
which has been kind of this thing that's been tossed around, you know, nerdy intellectual economist circles for a while.
01:10:18.760
And we've talked about it and analyzed it and said it's not a good idea.
01:10:26.800
Let's try on that dress and see how it fits, because that is really where we are right now.
01:10:31.120
And we're just trying this whole different thing.
01:10:37.520
And I, you know, in the book, we have a whole chapter to modern monetary theory.
01:10:43.860
And, you know, we're explaining why it's so bad.
01:10:46.460
Eh, a little late to that, a little late to that game.
01:10:51.760
We didn't realize we were criticizing the United States of America's economic system when you wrote the chapter.
01:10:57.360
But I guess that's kind of the way it is, you know?
01:11:01.320
I have to, I, last night I started rereading Lords of Finance.
01:11:09.260
And this is something that came out around 2008.
01:11:14.720
And I just, I just have to share some things with you.
01:11:21.960
The budget deficit in like this, like 1923 in Germany, budget deficit almost doubled to around $1.5 billion.
01:11:32.340
To finance this shortfall required the printing of ever increasing amounts of ever more worthless paper marks.
01:11:38.700
In 1922, around a trillion marks of additional currency was issued.
01:11:44.400
In the first six months of 1923, it was 17 trillion marks.
01:11:50.080
In the whole course of history, no dog has run after its own tail with the speed of the Reich Bank.
01:11:56.900
The discredit, the discredit the Germans throw on their own notes increase even faster than the volumes of notes in circulation.
01:12:13.060
Over the next few months, Germany's Germany experienced the single greatest destruction of monetary value in human history.
01:12:18.700
By August of 1923, the dollar was worth 620,000 marks.
01:12:23.940
By early November, 630,000,000,000 marks to the dollar.
01:12:45.220
And it talks about the one official most responsible for the reckless policy of inflation was none other than Rudolf von Havenstein, the sober and dedicated president of the Reich Bank, who had disastrously overseen Germany's wartime finances.
01:13:04.340
He decided that he was just going to work, you know, alongside the government, but he hated the government and everything else.
01:13:10.540
So he found himself in the classic dilemma of the dutiful civil servant.
01:13:15.360
He's now working for a government, which he had little liking, one that was pursuing a social agenda he didn't believe in.
01:13:23.400
Worst of all, the government had decided to make its best efforts to pay the allies demands, the so-called policy of fulfillment.
01:13:30.100
Nevertheless, despite these fundamental disagreements, von Havenstein acceded to the government's request and allowed the Reich Bank to print money to finance the budget gap.
01:13:43.200
One, he deliberately engineered the whole monetary explosion as a way of destroying the financial fabric of Germany, a collective of self-emulation designed to prove to the allies that reparations were uncollectible.
01:13:55.200
Or, trained as a lawyer, he had learned the banking business during the gold standard era when the rules of monetary policy were dictated by the requirement that the Reich mark be kept convertible to a fixed gold equivalent and completely in the sea, the world not hitched to gold.
01:14:16.020
Were he to refuse to print the money necessary to finance the deficit, he risked causing a sharp rise in interest rates as the government scrambled to borrow money from every source.
01:14:29.280
The mass unemployment that would ensue, he believed, would bring on a domestic economic and political crisis, which in Germany's current fragile state might precipitate a real political convolution.
01:14:40.160
The prominent Hamburg banker, Max Warburg, member of the Reichsburg Bank, blah, blah, blah, whether one wished to stop the inflation and trigger the revolution, or do you continue to just print money?
01:14:54.900
So, we are in that exact same scenario right now.
01:15:04.360
Do you want to be responsible for all the jobs that will be lost in a possible revolution, or do you just print money?
01:15:12.680
The last line in this chapter is, they all believed that something would come that would change the factors and it would save them.
01:15:28.040
All right, data breaches can happen to anyone from the high-profile tech moguls down to the mom-and-pop shops and even down to individuals such as yourself.
01:15:41.860
And cyber criminals are out there, and they're having a field day with this lockdown stuff.
01:15:45.840
If you are a business, if you don't have your stuff locked down right now, if your employees are doing things from home, are they locked down?
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You have malware scanning devices to collect data, ransomware, which is exactly what it sounds like.
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They have a team that specializes in fixing this if it does happen to you, because nobody can prevent all identity theft or monitor all transactions at all businesses.
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01:17:15.700
Let me go to Leonard, who's listening to us in California.
01:17:26.640
Well, I'm in California, Glenn, and you and I have talked about California before.
01:17:32.480
In fact, Glenn, I don't want to embarrass you, but you owe me.
01:17:39.340
I called in and you said, based upon what I said, is that California had perfected the
01:17:46.920
You said, I'm going to have somebody get back to you.
01:17:54.760
What's going on in this state, if people understood, if people in this state looked
01:18:11.680
You know, this time I'm going to say, we're not going to call you back, and then we'll
01:18:33.320
Well, I was wondering, what is stopping the president or our government from printing
01:18:44.360
It would be the Federal Reserve bill that was passed in, I don't know, 1913 or whenever
01:18:54.340
Well, as I understand it, and this is based on a theory I heard last night, that if you
01:19:02.560
look at a dollar bill now, you see at the top it says Federal Reserve Note, and it has
01:19:11.320
And a U.S. note would have a red stamp with red numbers on it.
01:19:16.440
And there's this theory that Trump is going to be issuing some kind of bill or something
01:19:27.340
to put these dollars back out there, and for every Federal Reserve dollar that comes
01:19:35.940
Yeah, I wouldn't count on that, and I really hope that our president or Congress or anybody
01:20:01.840
We know that the progressives, the Democrats, have been asking for a third bailout bill.
01:20:11.380
We haven't even gotten the money out into the system, and they've been planning a third
01:20:16.780
But the president just tweeted that he would like another bailout bill, but this one, he
01:20:29.180
So his opening is at $2 trillion for the next bailout, but this one's for critical infrastructure,
01:20:37.820
which I thought we took care of with the $775 under the Reinvestment Act that Joe Biden
01:20:48.380
Now it's $2 trillion for yet another bailout, and I'm sure, I'm sure Nancy Pelosi and the
01:20:59.840
You know, they're going to be like, hey, hey, hey, let's not be crazy with money.
01:21:03.760
I'm sure that's not going to easily go up to $3 or $4 trillion.
01:21:21.540
Well, it looks like, I don't mean to freak you out, that cyber criminals have discovered
01:21:25.680
a way in the past week to hack into what's called Wi-Fi and steal your critical information.
01:21:33.740
Now, don't panic, but I've heard rumor they're now after toilet paper.
01:21:40.920
That may have been actually, at one point, called money, your dollars, but now I think
01:21:47.500
it's, well, it's soon going to be classified as toilet paper.
01:21:51.220
Look, cyber criminals can steal your information, and that is a real problem, especially if you're
01:22:00.780
It's affordable, it is simple, it is the easy-to-use solution to the problem of cyber criminals stealing
01:22:10.240
Imagine if you're doing your spreadsheets, you're doing all your business, and all of your information
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01:23:21.140
5% of active cases are still considered serious, requiring hospitalization.
01:23:26.540
Note that 11% of U.S. confirmed cases require hospitalization, roughly on par with Italy at 12%.
01:23:34.280
The U.S. now has 164,359 confirmed cases and 3,173 deaths.
01:23:52.760
Less than 0.6% of the total U.S. population has been tested.
01:23:58.320
15% of that 0.6% of America who have been tested have been diagnosed with COVID-19.
01:24:09.660
Apparently, it was Dr. Fauci, the chief medical advisor for the Corona Task Force,
01:24:21.980
They went in, apparently, to the Oval Office on Sunday, leaned over the Resolute desk,
01:24:29.820
and put out all of the papers and showed all of the charts,
01:24:35.300
and then just stood there while the president looked at it.
01:24:40.280
Fauci said, interestingly, we showed him the data.
01:24:47.680
Dr. Debbie Birx and I went in together, leaned over his desk, said, take a look.
01:24:52.660
The president reportedly looked at them, understood the implications,
01:24:57.500
and shook his head and said, wow, I guess we got to do it.
01:25:00.840
Medically, this is the right decision, and I stand behind it 100%, Fauci said.
01:25:07.060
From a public health standpoint, we felt strongly that it would have been wrong
01:25:11.080
to pull back at this point, where scientists, physicians, public health officials
01:25:15.400
were not economists, were sensitive to the idea that the economy could suffer,
01:25:19.900
but we weigh that against the tens of thousands and hundreds of thousands of Americans' life.
01:25:24.460
It was blatantly obvious, looking at the data, that at the end of the day,
01:25:27.760
if we tried to push back prematurely, not only would we lose lives,
01:25:31.460
but it would probably hurt the economy as well, so we would lose on double accounts.
01:25:35.720
So there was no question as to what the right choice was.
01:25:39.720
Now, Washington, D.C., Virginia, Maryland have now joined the states issuing house arrest orders.
01:25:46.780
Maryland and Virginia became the latest states on Monday to enact a stay-at-home mandate
01:25:51.280
amid the coronavirus outbreak, except for essential travel for work.
01:25:56.660
Virginia's order is in effect till June 10th, making it one of the longest statewide mandates implemented so far.
01:26:04.100
Maryland's penalties for violating its owners are among some of the strictest in the country,
01:26:08.520
including a $1,000 fine and up to 30 days in jail for repeat offenders.
01:26:16.320
In total, more than 210 million Americans now effectively live under some form of house arrest
01:26:22.960
or shelter-in-place type orders, with another 50 million facing travel or shopping or eating restrictions.
01:26:35.300
Healthcare workers now using forklifts to load dead bodies into refrigerated trucks in New York.
01:26:54.480
This video is, it was posted by a guy in, I think, Brooklyn,
01:27:00.880
who was just walking by and he said, oh my gosh, look it, it's this giant 18-wheeler
01:27:14.300
And you could see the camera start shaking and he says, I'm sorry, my hands are shaking
01:27:25.560
Uh, and he said, uh, this should make you take it seriously.
01:27:32.040
Now, can we play the, can we play the part of Ron Paul where he says this is not real?
01:27:43.660
Well, I, I think it's blown way out of proportion to, to the danger.
01:27:47.140
And it seems that some people benefit from crises like this.
01:27:50.360
It's people who want more government power and more control over people and want to get
01:27:55.660
big appropriations and, and get their special deals passed.
01:28:05.300
Uh, and I, I don't see it as a, uh, as a problem dealing with one virus.
01:28:10.880
I think it's dangerous when people get the virus and they're already sick or elderly
01:28:15.680
and have other conditions, but, uh, I, I think millions of people probably have had the infection
01:28:23.840
Uh, but it's used as an excuse by those who have a special interest, uh, to use that.
01:28:29.540
And, uh, I think that, that is sad, but, uh, hopefully they'll wake up soon and say, well,
01:28:37.860
Uh, and maybe it's a combination of the virus along with another disease or medication or
01:28:52.640
I mean, he's totally right that they're going to try to exploit the situation as much as
01:28:57.100
They've already done it multiple times and that's certainly going to continue.
01:29:04.140
Now I do $2 trillion, that's, that's, this is insane.
01:29:09.600
That's not the 2 trillion we've already spent or the two bills before that.
01:29:13.260
This is a new one that the president, and again, we should point out, this is not how
01:29:18.060
As you kind of noted, this is the opening offer from the Republican side on a bill is
01:29:28.040
I was looking, looking back at, um, you know, our notes from earlier.
01:29:33.360
This is a big, this is a big story at the time.
01:29:41.300
We need to go big, bold, urgent federal action to deal with this crisis.
01:29:45.200
The kind of measures we're putting together with will mainline money into the economy
01:29:49.340
and directly into the hands of families that need it.
01:29:54.920
That was for the last bill that wound up at 2.2 trillion.
01:29:59.120
Chuck Schumer was asking for $750 billion and it ended at 2.2 trillion.
01:30:06.080
Now we have the Republican side starting at 2 trillion.
01:30:16.220
How do we, we don't, we don't, how do we, I mean, this is, this is really concerning.
01:30:30.360
We, we, we, we're, there's, there's no accountability anymore.
01:30:39.760
There's really no party that opposes the spending at this point.
01:30:43.820
I mean, at times in the past, Republicans have voiced opposition to the spending,
01:30:50.760
The Democrats obviously have always wanted more of it.
01:30:53.460
So we are going into an era now that goes far beyond, you know, Keynesian economics,
01:30:59.340
but to the point of legitimate modern monetary theory.
01:31:03.820
I mean, we really are going to this place where whatever we want, we get by printing more money.
01:31:11.080
You know, if people were making fun of Rashida Tlaib a couple of weeks ago
01:31:13.920
for saying that she wanted to get two $1 trillion coins to pay for the last bill,
01:31:22.060
Wait, wait, wait, wait, two, two $1 trillion coins?
01:31:39.400
I mean, the odds of finding one buyer for a trillion dollar coin, you know, is hard enough
01:31:44.920
to find one buyer for a $2 trillion coin and you cut down all the bargaining power.
01:31:54.520
And I'll say, too, if you go in and try to buy something with it,
01:31:56.900
they're not going to have enough change for a $2 trillion coin, likely in most grocery stores.
01:32:14.440
The $1 trillion coin is going to be our normal mode of currency.
01:32:19.580
You're actually bringing to grocery stores very soon if we don't stop doing this.
01:32:24.540
No, it'll be the one with George Washington's head on it.
01:32:31.060
Except it'll be etched in by New York prisoners, $25 trillion.
01:32:41.240
I understand we are in the middle of something serious.
01:32:45.780
I mean, I think we have a couple weeks here to hopefully see that most of the models seem to peak the worst of this thing in a couple of weeks.
01:32:53.740
If that happens, you know, can we reverse it and all these things?
01:32:59.140
But the idea that we can just sit here and just spend our way out of it is not it's that's not how this works.
01:33:05.440
You know, there's not going to be a bridge is not going to solve the coronavirus issue.
01:33:13.160
So so here's well, here's what the president may be looking at.
01:33:18.320
Last night, the Fed came out and said the job loss could be forty seven million people.
01:33:36.580
We just spent two trillion dollars to make sure that didn't happen.
01:33:41.900
Why did we spend the two trillion dollars if it were like these the bill itself?
01:33:48.240
Yes, it gives one to twelve hundred dollars to every American in a certain income bracket.
01:33:54.000
Everybody knows that part of it because it's the only part anybody's talked about.
01:33:57.140
But it also offers money to small businesses to pay the salary of your employees, the mortgages of your of your businesses.
01:34:04.360
All of the the tightly sort of associated costs that would come from your business operating in an environment where you're told you're not allowed to open it.
01:34:15.240
That's exactly what the bill does for small businesses.
01:34:18.240
And then larger businesses have resources and big loans and all sorts of things that are guaranteed.
01:34:24.380
And the the loans to small businesses, if you if you pocket the money, you have to pay it back.
01:34:30.860
OK, but if you pay it to your employees and you pay it for mortgage and you pay it for operational expenses, the bill is written in a way that those loans will be forgiven, which, of course, that's not a loan.
01:34:41.120
Right. It's it's it's a giveaway with conditions.
01:34:45.020
And it's supposed to protect against exactly what you're talking about.
01:34:49.360
Well, we should we should know that this week, shouldn't we?
01:34:55.800
If we if we have a yeah, I mean, if we have another really horrible.
01:35:03.280
Do you do realize that oil may actually they may start paying you to buy a barrel of oil?
01:35:17.540
Because they're not stopping production in Russia or Saudi Arabia.
01:35:21.680
And so they're running out of places to hold it.
01:35:25.240
That's why your gas is that these people who bought the gas even a week ago, they're losing their shirts on the gas.
01:35:34.880
That's not what they paid for it when they pumped it into the ground.
01:35:39.220
But they're there's so much gas available and everybody's pressuring.
01:35:54.320
I mean, it is it's remarkable on what is being done to really, truly you couldn't design an economic collapse any better than what than what we're doing all around the world.
01:36:08.580
And what all these countries and all of these huge businesses and governments, you couldn't design it any better than it has been designed so far.
01:36:28.060
We don't know when it comes back online what's going to happen.
01:36:38.600
Is it going to be worth more because of the the low interest rates?
01:36:47.100
And sooner, maybe maybe later, but probably hopefully sooner, America is going to get back on its feet again.
01:36:57.040
Whatever you're doing, you just need to have an expert with you.
01:37:03.580
Even under the best circumstances, our agents that we work with are at the top of their class.
01:37:09.640
And when you get into a scary market like this one, you want one of those guys by your side.
01:37:14.320
These guys have been through many of them through a wait.
01:37:18.200
So they saw it and they know the best practices that will ease your mind and see you through the real estate process.
01:37:48.820
So, Stu, this is why I watched the Tiger King last night, because it's true.
01:37:55.180
It just makes you feel so much better about everything else.
01:38:09.940
You watch and you kind of put, you know, it's the same thing we were talking about a little earlier.
01:38:13.540
And then you have your ugly friend at the bar with you.
01:38:19.520
You just sit back and you say, OK, at least I'm not this family.
01:38:25.240
I heard you last night describe Cuomo as the ugly girl that brings an uglier girl to the bar.
01:38:36.220
That's why you look good, you know, because Bill de Blasio is so bad.
01:38:44.420
Biden looks like he can't even get through a sentence at this point.
01:38:47.680
It's getting worse and worse seemingly by the day with Joe Biden.
01:38:55.680
And then Cuomo, who at least like his actions have been complete failures, right?
01:39:01.140
He said, first of all, he mocked de Blasio and said, we're not closing the state down.
01:39:10.660
He has he his first attempt at handling this was to.
01:39:16.540
If you remember the stunt where he came out and did a press conference, well, we're going
01:39:20.980
to be making New York brand hand sanitizer with our inmates population.
01:39:31.920
And he was like he had his hands and he's like rubbing his hands together.
01:39:34.580
He's like, oh, it's a very nice lilac scent and hydrangeas.
01:39:40.520
And then he reaches in the middle of a pandemic, reaches over and has the guy next to him smell
01:39:44.860
his hands, which is not what you're supposed to do.
01:39:56.800
You know, yeah, that's something that I've never had to say to somebody.
01:40:02.620
I mean, nobody's ever approached me and went smell my hands.
01:40:13.820
We may not be a hygienic people, but that we have drawn the line there at the very least.
01:40:20.140
You know, I can we go into that story a bit of of, you know, the guy from India that says,
01:40:37.120
But it is a it's a guy from India who says, hey, by the way, if you're worried about hand
01:40:46.640
If you're worried about, you know, oh, I've got to wash my hands.
01:40:53.260
How many of us in India don't have access to any of the stuff you guys are complaining
01:40:59.380
It's truly a remarkable and refreshing look at that.
01:41:02.920
Also, we have Mike Lindell just back from the White House.
01:41:19.980
I want to talk to you a little bit about feeling better.
01:41:25.300
I know that I was trapped with pain and frequent pain, debilitating pain, pain that you live
01:41:33.560
It just you get to a point where you're like, I can't do it anymore.
01:41:38.240
Relief Factor really has given me a new lease on life, and it is something that has lasted
01:41:45.860
I still take it every day and it makes a huge difference.
01:41:50.340
I want you to go and just try the, what is it, a three-week quick trial.
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In three weeks, you pretty much know it's going to work or it's not going to work.
01:42:01.300
70% of the people who do the three-week quick start, they go on to order more month after
01:42:24.260
Put the pain in the rearview mirror with Relief Factor dot com.
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Eastern, our response to the coronavirus has crippled the economy.
01:42:59.180
But there's one group of Americans who stand to profit off of America's demise.
01:43:03.340
The incompetence of Donald Trump is on dangerous display.
01:43:10.820
Turn the economic engine back on and ask what's more dangerous, the coronavirus or the mainstream
01:43:23.280
So yesterday, the president was in the Rose Garden and he had a bunch of CEOs there.
01:43:34.700
And he talked about how they were all pitching in to help.
01:43:45.460
And Trump showcasing executives from all these private companies instead of talking about
01:43:49.880
government efforts is a reflection of how little his administration is doing to respond
01:43:54.920
But nothing, nothing lit the media up and lit social media up like Mike Lindell.
01:44:05.700
And he's retooling his factories to be able to make masks for the hospitals.
01:44:13.160
And when he got up to the microphone, he said, thanks, Mr. President.
01:44:16.520
If you don't mind, I'd like to just make a quick statement.
01:44:18.700
He said, God gave us grace on November 8th to 2016 to change the course we were on.
01:44:24.320
God's been taken out of our school and out of our laws, out of our lives.
01:44:31.300
I encourage you to use this time at home to get back to the word, to read our Bibles, bring
01:44:38.220
I thought it was incredibly brave and not unusual.
01:44:44.160
Unfortunately, yes, it is in the world of the media.
01:44:51.520
Trump just called the MyPillow guy up to the podium in the Rose Garden.
01:44:59.200
He had the MyPillow guy on to sell his garbage product during a pandemic briefing.
01:45:07.060
No one fights a pandemic better than or more scientifically than the insane MyPillow guy
01:45:20.740
Mike Lindell is here to respond and tell us how he's feeling today.
01:45:27.240
Mike, I thought you were incredibly brave to say what you said because you knew you were
01:45:35.200
I thought it was eloquent, and I thought it was exactly the right thing to do.
01:45:45.380
I actually turned to the president because I didn't know if I said to you, I'm going to
01:45:50.500
And I didn't, you know, I thought, I didn't think it'd be a tech like that.
01:45:56.340
And boy, I got, I had over, and then I had over 750 some text messages.
01:46:02.380
Of course, them were good, but I didn't even know I had that many people.
01:46:06.660
And then there was probably, I mean, people I haven't talked to in 10 years.
01:46:12.500
So I was answering them till three in the morning, but I actually, I actually, I went
01:46:18.340
to the bad media sites and seen what was trying to be put out there.
01:46:22.440
And Glenn, one thing I want to say is I think everyone out there, even from both sides, because
01:46:28.060
so many people that were on the side, even the media that's saying these horrible things,
01:46:34.400
there are people over there going, you know what, just like you just said, he wasn't selling
01:46:38.640
And what's wrong with being home with your families?
01:46:42.260
And they, a lot of this country, like I told the president, I said, you know, Mr. President,
01:46:47.820
this, we had a, we were in the Oval Office for about a half hour after that, him and I,
01:46:53.340
I said, these press briefings are so good because people are seeing who you really are, who you,
01:46:58.020
you know, that you're, they're seeing your heart and, and all this big news and this crazy
01:47:04.120
I said, I said, I got, I said, here's where it's going though.
01:47:07.120
And I read him a text I got from a friend of mine, who's very much a president hater.
01:47:13.400
And I read it to him and said, Mike, you know, I'm not a big Donald Trump fan, but he said,
01:47:21.600
He's like, he's doing a job of a champion here.
01:47:27.340
I think people are going to quit being brainwashed by this horrible, crazy media and they know
01:47:35.540
And, uh, and then, um, and, and the public is going to see this, this amazing job that
01:47:40.400
our president's doing, but I, you know, I'm going to get interview after interview today
01:48:00.040
So Mike, tell me about your company is doing, he had you on, on the stage along with other,
01:48:05.980
uh, CEOs, uh, because you're doing something with your company.
01:48:11.980
Well, about two weeks ago, I said, you know what?
01:48:17.720
He was head of this, you know, this whole thing.
01:48:19.680
And I reached out to his office and they directed me to Peter Navarro, who, uh, who called,
01:48:26.740
And, and he says, we have this thing set up as a coalition.
01:48:30.900
They were so helpful in finding out specs that I need of these cotton masks.
01:48:35.340
And, um, and then I, I had to outsource get, you know, figure out where it can get the elastic
01:48:40.140
And, and, uh, in the meantime, I said, you guys were doing, we're going all in and we
01:48:44.880
revamped my, one of my factories, 200,000 square feet.
01:48:48.300
And we put in safety precautions for all my, um, employees where they're checking the door
01:48:54.660
and they, you know, sanitize or they can take breaks when they want.
01:48:57.920
And we went all in by within three days, we were up to 10,000 mass training.
01:49:02.620
Um, now I'm running three shifts and we want to get up to 50,000 by the end of the week.
01:49:07.720
But one of the things that happened, Glenn was wait, wait, wait, 50,000, 50,000 a day,
01:49:13.960
a day or at the end of the week, a day, no, a day, a day, a day, I want to, yeah, we're
01:49:19.520
very good at, we're very good at, uh, ramping up in my pillow and, and here's the use to
01:49:29.040
We had to, uh, did have a very expensive, a die cutter that cuts the fabric.
01:49:32.840
So, and, and the, the, one of the specs was they wanted 160 thread counter better.
01:49:42.580
And so there was a lot of things that were, that were, uh, set up almost perfect for such
01:49:49.920
But, but one of the things that's happened is I became like a bicycle hub and I've got
01:49:57.980
We're actually going to put a website up because we're getting right, you know, from all over
01:50:01.860
the country, you know, Hey, how can I get involved as a business?
01:50:05.920
I have five other businesses I dealt with that switched over to getting sewing these masks.
01:50:10.540
And they don't, you know, I want to say just the few that were there at the white house,
01:50:13.880
there are so many companies out there that are stepping up and it's just amazing to see
01:50:20.320
You know, I, I read one of the guys that said, you know, that he's the fact that the president
01:50:25.440
is showcasing these private industry shows how little his administration is doing.
01:50:34.900
And why we always pull ahead in a crisis because the free market is, we don't have to wait for
01:50:48.480
We find a better way to do them and we get it done.
01:50:52.960
And I want to tell everyone out there, I went to the white house.
01:50:56.120
I'm, as you know, you know, me, I'm an optimist beyond belief.
01:50:59.420
I went to the white house and I'm the first, we had a round table thing with a vice president,
01:51:03.620
president, these, and these other companies and myself.
01:51:05.920
And, and they, and they're talking about these statistics.
01:51:09.980
He goes, he says to me, he says, Mike, this one took, they said it would take a year.
01:51:15.560
I mean, he's able to take the private sector and the government and say, you know what?
01:51:19.960
This one company called up and they, or one governor called him up and said, Hey,
01:51:23.740
Hey, um, I can't, the, the, the government's blocking us at federally or the federal day.
01:51:28.880
Um, and he called up the, uh, FDA and it got approved in two hours.
01:51:36.020
He here's a calm, here's common sense problem solution and what it's going to manifest to.
01:51:47.180
And for me to go up, you know, to double my optimism going, wow, he's going to go through
01:51:53.020
So I can't tell everyone else how amazing the things they're doing.
01:51:57.740
He is a guy, and I've said this for a long time.
01:52:03.340
He, he, he lives for that, that moment of crisis.
01:52:06.980
He creates, he creates chaos, you know, through his Twitter feeds and everything.
01:52:15.620
And you can see how he is, uh, he has stabilized all of the other behavior that usually causes
01:52:28.440
And it's, and he's, he's operating as I think he does when he's building giant, you know,
01:52:36.860
He can just take on a whole bunch of different tasks and remain steady.
01:52:43.000
How is he appear to you is his spirits and, and how is he tired?
01:52:53.480
I mean, he, I mean, he works harder than anyone ever.
01:52:56.420
I've ever seen, you know, 20 out of it, 20 hours out of a 24 hour day.
01:53:03.780
Um, but the, uh, the, the, the, he, he is, it's like, you just said it.
01:53:14.940
And he is like a big guy running at orchestra, all these different silos at the same time
01:53:21.100
and cutting through the tape to get this done, to get this done.
01:53:27.280
He just, you know, he's, I think he's one thing people don't realize about him is he's
01:53:34.520
He takes it all in and he won't stay right at the thing.
01:53:38.000
He just, it's like a, it's like a computer taking into his brain and then God's given
01:53:45.920
And you're going to have a hard time changing my mind.
01:53:48.280
Once he gives that answer, he's that you're not going to, he knows it's the right thing.
01:53:51.700
And just because you've got other people putting their influence and maybe having their
01:53:55.380
own agenda, once he makes that decision, he's going to get from point A to point B and there's
01:54:03.020
Did you, with the other CEOs, did you guys talk about the economy and, uh, and how we're
01:54:13.420
You know, they, that's what they were, you know, one of the things is one of the things,
01:54:17.420
the frustrations I got, I brought up, um, I said, you know, there's, um, you see all
01:54:22.540
these places that are open, like your Walmarts and grocery stores.
01:54:27.740
And when I walk into one and they don't have people at the door security saying, Hey, put
01:54:33.000
a mask on, use this sanitizer here, or even their own employees within the business.
01:54:39.580
Why not be, why do, why don't they have safety things that they're getting to be open just
01:54:44.700
So these people are, I told the president, I said, down in Oklahoma, a friend of mine's
01:54:49.420
got house of David, you know, obviously they're not, it's not considered, uh, essential that
01:54:54.280
you have a church open, but yet there's a hardware, or I mean, a car parts store where
01:55:03.860
I mean, and, you know, we need safe practice for the businesses are there so they can give
01:55:10.400
You know, when, when we, when we go back to our other, the other businesses start open.
01:55:14.240
If these aren't doing, you know, it's showing safe practices.
01:55:20.480
That's what the president right now, he's hearing on one hand, millions of people are going to
01:55:26.100
And he goes, he said, my first thing is to save lives.
01:55:28.740
But he said, he said, but we've got to get people back to work.
01:55:36.540
And that's what, what we're waiting on now is for the president to, he just keeps taking
01:55:41.680
an input when you, when you're seeing these delays, okay, we'll wait and we'll see, you
01:55:50.500
And then when it's going to be, I believe a day is coming, president's going to go, you
01:55:57.140
You're not going to say nationwide, open it up all at once.
01:56:03.040
Mike, I've got to, I've got to run them up against the network break.
01:56:14.900
And by the way, Mike is my guest on the podcast.
01:56:18.340
It comes out Thursday night for blaze subscribers.
01:56:24.380
If you're not a subscriber to the blaze, it drops in the podcast feed on this Saturday.
01:56:29.500
Our sponsor this half hour is a gold line gold line.
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We are, I think we're, I think we've crossed the Rubicon.
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I think on spending, the president just tweeted that he wants another $2 trillion in a spent
01:56:50.360
So God only knows what Nancy Pelosi and Chuck Schumer will, will recommend.
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A lot of people in this country would be delighted to pay more in taxes.
01:57:49.700
Finding yourself speechless, listening to progressive arguments.
01:58:23.860
Uh, Americans are hoarding cash at the fastest pace since Y2K.
01:58:30.920
You mean, I, I asked for the cash from the bank.
01:58:43.040
Exactly what someone who's hoarding cash would say.
01:58:50.720
I have this, uh, old, uh, juice bottle that's filled with change.
01:59:07.080
I, we've, I feel like we, we, we moved into a new place here in the last couple of days.
01:59:15.720
I mean, I, you know, it's been coming, but I think financially, I think we're just, tomorrow,
01:59:21.560
Stu, we should do something on, uh, modern monetary theory.
01:59:36.460
We're just printing and spending at a rate that we can't possibly, you know, continue
01:59:41.540
The last chapter of my book is on this modern monetary theory.
01:59:45.760
And I've been saying, you know, all through, like, can't let this happen.
01:59:50.480
By the way, the new book, Arguing a Socialist, it's out next week.