The Glenn Beck Program - Best of The Program ｜ Guest： Bill O'Reilly ｜ 3⧸13⧸20

00:00:00.000 Hey, welcome to the program. We've got quite a, we got quite a jam-packed program.

00:00:05.660 Stephen Crowder joins us today. We start the show talking about fear-mongering and

00:00:10.860 where is the line of fear-mongering and reacting appropriately to this.

00:00:17.400 Also, Bill O'Reilly, in kind of a bizarre interview, we spent some time on coronavirus

00:00:22.020 and he said something, and I'm not going to tell you in advance what it was,

00:00:24.980 he said something that really jumped out both me and Stu.

00:00:27.540 And about 20 minutes after the interview, we both looked at each other and said,

00:00:30.820 hey, he said something that was really disturbing, and we both knew we're talking about the same thing.

00:00:36.180 Also, the Fed pledges more than $500 billion to keep funding the markets.

00:00:41.440 A coronavirus update, Lara Logan, and so much more, including Stephen Moore, all on today's podcast.

00:00:57.540 You're listening to The Best of the Glenn Beck Program.

00:01:01.820 All right, let's take a look now at our coronavirus update.

00:01:12.600 Where are we on coronavirus today?

00:01:15.900 Well, total for confirmed cases worldwide, 138,000.

00:01:20.300 That's up almost 10,000 from yesterday.

00:01:22.640 The Western deaths now are, sorry, the Western numbers are starting to get into hyperdrive.

00:01:31.840 We're now starting at the beginning of that curve that is almost straight line up.

00:01:36.920 Total confirmed deaths worldwide is up about 400 people yesterday.

00:01:42.460 Not bad.

00:01:43.100 Total confirmed recoveries worldwide is up 2,000 from yesterday at this time.

00:01:48.600 132 countries have now confirmed cases, up from 125.

00:01:53.740 Four more now have suspected cases.

00:01:56.420 Nine percent of active cases are considered serious.

00:01:59.520 This is the best news about it, and you're not hearing anything about this.

00:02:03.860 Two weeks ago, it was at 19 percent.

00:02:07.560 Now, that is confirmed cases that are considered serious, requiring some sort of hospitalization.

00:02:15.240 Two weeks ago, 19 percent.

00:02:19.780 Today, it is 9 percent.

00:02:22.820 That's great news, and only 3 percent of the patients are requiring ICU.

00:02:27.740 The U.S. now has almost 1,800 confirmed cases, 41 deaths.

00:02:32.120 That is up about 500 cases, 38 confirmed deaths yesterday.

00:02:37.340 In the U.S., only Alabama, Alaska, West Virginia, and Maine don't have at least one case.

00:02:43.220 We're now closing schools in at least six states.

00:02:46.420 I think this is, if you are one of the school administrators and you are meeting, the smartest thing you can do right now is just say,

00:02:55.800 you know what, kids, coming back from vacation, spring vacation, spring break, take another week.

00:03:02.360 That's what our kids' school has just done today.

00:03:05.300 Take another week?

00:03:06.200 Another week.

00:03:06.600 I think it's really, really smart.

00:03:08.960 It's going to be hard on parents for multiple reasons.

00:03:14.460 I mean, do you want to spend the day with your kids?

00:03:16.260 If we are all locked up, do you know how many kids are going to die?

00:03:19.560 Not from the coronavirus.

00:03:20.880 Just from that.

00:03:23.440 The old Homer Simpson, Bart Simpson strangle?

00:03:26.300 Yes.

00:03:26.660 Schools closed now in at least six states.

00:03:30.260 All public schools in Ohio, Michigan, Maryland, Kentucky, and New Mexico were told to close beginning next week.

00:03:37.440 Schools in Washington, California, and New York may join in by Monday.

00:03:41.660 The proposed length of closures range from one week to four weeks.

00:03:46.880 Some schools shifting to at-home reading plans.

00:03:50.120 Others offering partial lessons via live video conference or recorded video lectures.

00:03:55.460 The top Ohio official estimate now says at least 1% of Ohio's population is infected with SARS-CoV-19.

00:04:08.020 The exact statement is we've had 11 million people here in the state.

00:04:12.000 We are a state of 11 million people.

00:04:13.700 So the math is now over 100,000 that have this.

00:04:17.240 This is according to the Ohio Department of Health Director, Dr. Amy Acton.

00:04:21.780 The rate on spread and fatality prompted her to recommend closing all schools in Ohio by today.

00:04:30.660 She said that gives you some sense of how this virus spreads and is spreading so quickly.

00:04:36.080 The virus is already in your neighborhood.

00:04:39.420 The virus is already, you know, with someone you know.

00:04:45.060 We are way, way behind, and that's because symptoms don't show up.

00:04:50.580 Now, the closings are Fast and Furious 9 been pushed back.

00:04:55.200 College has canceled almost all throughout the country.

00:04:59.540 Can we go back for a second?

00:05:00.620 I'm worried about the Fast and Furious 9 thing.

00:05:02.520 Me too.

00:05:02.920 Because usually they come out like every three months.

00:05:05.000 So that means 9 would be pushed like behind 12.

00:05:07.700 You'd see like 8, then 10, 11, 12, 9.

00:05:10.740 You're going to understand 10 and 12, you know, if you didn't see 9.

00:05:15.420 Broadway has closed.

00:05:18.400 Broadway is closed.

00:05:20.840 All schools in France are closed.

00:05:23.500 Live Nation calls for a postponement of all large-scale music events.

00:05:29.020 Just listen to this.

00:05:30.240 Listen to this.

00:05:31.080 Universal Studios closed all theme parks.

00:05:34.720 Disney closed all theme parks.

00:05:37.560 Anybody who says, this is just a conspiracy, everybody's overreacting.

00:05:42.500 No one closes Walt Disney World.

00:05:46.400 No one closes Walt Disney World, Disneyland, Tokyo, Paris.

00:05:52.480 No one closes that.

00:05:54.160 Let's just light billions of dollars on fire to make a point eight months before an election.

00:05:59.720 It makes no sense.

00:06:00.820 It makes no sense.

00:06:01.980 It makes zero sense.

00:06:03.440 And also, no one is pressuring these gigantic companies to do that.

00:06:09.060 No official is leaning on Disney.

00:06:13.080 I mean, if anything, Disney leans on officials.

00:06:15.920 Well, there was a report that that happened in California.

00:06:18.680 But I would not be surprised.

00:06:20.080 I mean, worldwide.

00:06:21.700 The global Disney chain.

00:06:23.460 You might say there's an outbreak in Anaheim or whatever in California.

00:06:27.660 And they're like, hey, close the park.

00:06:29.480 It's not good to have all these people traveling in. 0.53

00:06:31.480 And Disneyland, but not Disneyland, Disney World, Disney Tokyo, Disney France.

00:06:36.060 They don't do that.

00:06:37.120 And I think I do think they're, you know, the administration is probably making clear what their preference is.

00:06:43.480 But it's not just this administration, right?

00:06:45.800 Like countries are closing down.

00:06:47.300 Italy, India, India.

00:06:49.260 I mean, India quarantined itself off from the rest of the world. 0.99

00:06:52.900 It's one of the largest economies on Earth.

00:06:54.600 This is one of the biggest.

00:06:56.320 This is the biggest problem here is that people think you're overreacting.

00:07:01.460 And when we get to the end of this, hopefully it will appear as though this was a massive overreaction.

00:07:08.920 Because the idea of keeping everyone at home and closing these things is so that it doesn't become this huge thing.

00:07:18.120 So if we're successful, everyone will say, that was, see, look, Donald Trump overreacted or you overreacted or the meat, whatever.

00:07:29.280 This is one we want to be wrong about.

00:07:32.380 And the way to prove us wrong is to stay home, but not be crazy about it.

00:07:42.560 All right.

00:07:43.260 Let me go back to our coronavirus update.

00:07:46.100 So those are the numbers.

00:07:47.200 That's what's being that's what's actually being closed all around the world and elsewhere.

00:07:52.540 The the director of the National Institute of Allergy and Infectious Diseases appeared Thursday to downplay the hype surrounding a congressional doctor's estimate.

00:08:06.260 A congressional doctor came out and said about 70 million to 150 million coronavirus cases could happen in the next year here in the United States.

00:08:17.560 Well, the director of the National Institute said, OK, well, that's based on a model.

00:08:23.100 And I'd love him to give this lecture to all the the, you know, computer modeling scientists for the weather trends and the climate over the next hundred years.

00:08:34.180 He's like, that's based on a model.

00:08:36.700 And those things can change and be wrong quickly.

00:08:40.120 Let's not freak out.

00:08:42.600 Let's just remember that it could be satellite images today.

00:08:47.560 They appear to show mass graves in Iran where they have thousands of covid-19 victims.

00:08:54.280 And a man in Italy is on YouTube and Facebook.

00:08:58.300 He is distraught and just doesn't know what to do.

00:09:04.160 He says, I have my sister in bed now.

00:09:08.040 She's dead and I don't know what to do.

00:09:10.720 Please, someone help me.

00:09:12.360 I can't give her the honor she deserves because there are no institutions that will now take her body at this point.

00:09:19.420 I've contacted everybody, but no one will give me an answer.

00:09:21.880 What do I do?

00:09:24.500 Italy's case fatality rate is still over 8% of all confirmed cases.

00:09:30.620 Apple has now reopened all of its stores in China.

00:09:35.300 Perhaps it's an indication of this, too, shall pass and it will.

00:09:42.700 Just be smart.

00:09:45.060 I believe people are starting to understand.

00:09:48.480 This doesn't mean that we are all going to die because we're not.

00:09:52.900 What we have to worry about and and police our own selves is don't spread it to other people.

00:10:01.780 Try not to get it by being around other people.

00:10:05.320 Do all the things the CDC tells you to do.

00:10:08.980 What we're worried about is the overwhelming of the health care system.

00:10:13.240 We don't have enough beds.

00:10:15.360 If people get sick and have to go to the hospital, we are not good.

00:10:20.220 People are not going to find this pleasant if you are put on a cot in the middle of a gym or in some, you know,

00:10:30.120 Astrodome kind of situation like we had after Katrina.

00:10:34.500 People are not going to like that in America.

00:10:36.880 And that's what it's going to be, not major death, but just a major disruption to our health care system.

00:10:45.620 And it's not going to go well.

00:10:48.560 May I just say before we take a quick break, Stu.

00:10:53.780 I was concerned with Bill O'Reilly because I've never heard him talk this way about, you know what this is.

00:10:59.840 This is a giant.

00:11:01.040 No, he said this is not a wake up call for America.

00:11:03.460 This is a demand that we reevaluate our lives and reassess and realize we're way off track with God and our priorities.

00:11:16.040 Was that weird?

00:11:17.120 Yes, that was very weird.

00:11:18.900 That's what you heard, too, right?

00:11:20.120 You were like, whoa, what's that?

00:11:21.740 Because Bill, I mean, every time because you go into these rants, you're like, we need to stop and think about where we stand.

00:11:28.220 Bill, what do you think?

00:11:29.660 I don't know.

00:11:30.960 Back, I just analyzed the news.

00:11:32.460 He always does.

00:11:33.540 He always kind of brings it back to the sort of pragmatic level.

00:11:36.460 What do we know?

00:11:38.000 What can we glean from what information we have?

00:11:42.380 That was like he went all like new age on us for a second there.

00:11:46.300 Like he stepped back and he was like, you know, this is something that just makes you think about the way you're living your life and what are your priorities.

00:11:52.360 And like, that's not normal Bill O'Reilly speak.

00:11:54.980 It's not.

00:11:55.800 What do you assign that to?

00:11:57.980 I don't know.

00:11:58.860 I do believe that Bill is a God-fearing man.

00:12:02.240 And he said some God stuff in there.

00:12:04.160 He's a God-fearing man.

00:12:05.800 And I think that I think this is a demand from the heavens.

00:12:12.420 Wake up.

00:12:13.580 Wake up right now.

00:12:15.500 Wake up.

00:12:16.100 This is not, and I don't want this to be twisted in any way, even though it will be, but I want to be on the record right now.

00:12:22.920 This is not some punishment from God.

00:12:25.020 This is not anything like that.

00:12:27.500 This is just a situation that reminds us that the most important thing about our country is the freedom of the individual and the rights for that freedom that have been given to us to protect.

00:12:43.980 They are on the way out.

00:12:47.860 And in my opinion, unless we recognize our role and stop, it's not like we're even chasing God out of the square.

00:12:59.240 It's not.

00:12:59.780 We are intentionally breaking all of his basic rules.

00:13:06.240 All of his basic rules are just thrown out the window, and we've become proponents for the opposite of what God has taught.

00:13:18.140 And no society survives that.

00:13:20.440 And it's why we were we were doing the thing in in Gettysburg this this summer, and we'll have some news on Gettysburg for July 4th.

00:13:31.540 But I will tell you, it has to be done.

00:13:35.500 It has to be done.

00:13:36.580 We have to renew the covenant.

00:13:38.900 And that's a personal thing.

00:13:40.460 That's not a government thing.

00:13:41.580 That's not a theocracy thing.

00:13:43.100 That is, those of us who understand the role this land plays and the role and the importance of this land for the freedom of all mankind, we must turn back around and pray, Lord, heal our land, heal our people, heal our differences, bring us back.

00:14:04.680 We will do what we have to do to live a righteous life.

00:14:09.220 We need to, as Bill O'Reilly said, it's a demand to reassess your life and reorder your life.

00:14:16.660 And in the end, this could be the best thing that happened to us if we care to save the republic, because perhaps we go back and remember that this isn't about politics.

00:14:28.760 This isn't about money.

00:14:29.940 This is about each other.

00:14:31.080 It's about being decent and honorable and working for a better future for our kids.

00:14:41.420 You're listening to the best of the Glenn Beck program.

00:14:54.460 It's Friday, which means we check in with the one and the only Bill O'Reilly.

00:14:58.800 And we see how he's doing.

00:15:01.380 And I'm sure he is.

00:15:03.020 I mean, if he would have been around, it would have been 13 angry men.

00:15:07.700 Bill O'Reilly, how are you?

00:15:09.620 Guilty.

00:15:10.540 Guilty.

00:15:10.820 Oh, I'm sorry.

00:15:11.560 I'm sorry.

00:15:12.520 So, Bill, I'm really anxious to hear, because there seems to be a split in America where we've lost all nuance.

00:15:20.080 This coronavirus, it is a really bad thing for the overwhelming of our systems, and it's going to be tough to get through.

00:15:31.120 But it's not the bubonic plague.

00:15:33.040 In fact, if you want that, you can go to Los Angeles and live on the streets and pick that up.

00:15:37.640 But there is a split.

00:15:38.820 People say, this is all hype and overhyped, and there's nothing to it.

00:15:44.860 Nothing's going to be wrong. 1.00

00:15:46.180 You're all fools. 1.00

00:15:47.280 And other people buying toilet paper like crazy. 1.00

00:15:50.520 Where are you on this?

00:15:52.840 Well, you've got to break this story down into about four categories.

00:15:57.160 Political, medical, social, and financial.

00:16:01.280 Yes.

00:16:01.580 You know, a story like this overwhelms people.

00:16:04.800 And when people get overwhelmed, they panic.

00:16:07.300 Yep.

00:16:08.080 All right.

00:16:08.800 It doesn't matter whether it's a virus, it's Godzilla.

00:16:12.120 I mean, when you get overwhelmed and you feel you don't have any control, you panic.

00:16:18.640 Human condition has always been that way.

00:16:21.600 And you don't have any control over a virus.

00:16:24.760 You just don't.

00:16:26.800 So where do you want to start, Bec?

00:16:28.520 So let's start on medical.

00:16:30.500 What is your take on medical?

00:16:32.560 I'll go through those four categories you just gave me.

00:16:34.700 So I know a lot of EMS guys in New York City.

00:16:37.060 Yep.

00:16:37.640 And they're working around the clock.

00:16:40.600 And somebody calls 911.

00:16:42.240 They think they have the corona.

00:16:43.640 And they go.

00:16:44.720 And they look at them.

00:16:46.080 Now, if they're ill, they take them to the hospital.

00:16:49.180 If they're not ill, they go.

00:16:50.300 Oh, this is another nut who's panicking.

00:16:52.860 When they take them to the hospital in New York City, largest city in the country, they

00:16:58.140 get almost immediately tested for corona.

00:17:02.200 So there's no problem in this mammoth city with testing people who have symptoms of the

00:17:10.020 virus.

00:17:10.640 Everybody should know that.

00:17:12.240 So when you hear CNN go, there aren't testing kids.

00:17:15.040 CNN, it's a lie.

00:17:16.460 Where there is a problem is if you do a walk-in clinic.

00:17:20.820 So you go into a health clinic and you say, well, I'd like you to test me because I'm

00:17:24.460 nervous.

00:17:25.620 Many of those clinics don't have the kits.

00:17:28.060 If you have a personal physician, they should have the kits.

00:17:33.700 Mine does.

00:17:35.060 So that's medical.

00:17:36.460 Okay.

00:17:36.780 Wait a minute.

00:17:37.180 Wait a minute.

00:17:37.480 Wait a minute.

00:17:37.940 That changes, though, in where you are.

00:17:40.340 If you're out in the middle of the country, your hospital will have the kit.

00:17:44.540 But one of the things I think people misunderstand is you can't go in and demand a test.

00:17:52.420 They're not just going to give you...

00:17:53.460 No, you have to show symptoms.

00:17:54.380 Correct.

00:17:55.140 So you can't...

00:17:55.600 Just like I just said.

00:17:56.600 Right.

00:17:56.940 You have to be symptomatic.

00:17:59.120 Right.

00:17:59.400 Because there are a lot of nuts.

00:18:01.280 Right.

00:18:01.460 There are a lot of people who are so paranoid, well, I'm going to get tested.

00:18:04.320 And then if it tests negative, it was like AIDS.

00:18:06.900 The same thing happened with AIDS.

00:18:09.020 In 1984, everybody thought they had AIDS.

00:18:11.060 Okay.

00:18:11.300 So if you're calm and deliberate, you can get what you need in this medical area.

00:18:18.500 All right.

00:18:18.800 Now, let's go to social.

00:18:20.320 I think that Tom Hanks is kind of like, you mentioned AIDS, the Rock Hudson, where this

00:18:25.800 is going to change things.

00:18:27.040 People are going to start to go, oh, wow, so regular people are getting this.

00:18:30.860 And, I mean, he's got a lot of protection, and he got it.

00:18:33.660 And he'll survive or be hospitalized.

00:18:37.860 I'm hoping and praying that he's not hospitalized from it.

00:18:41.840 Well, yes, he's being treated in Australia now.

00:18:45.120 I've been following this story not because he's Tom Hanks.

00:18:48.200 I know him a little bit.

00:18:50.440 But I'm following this story because the most important part of this story has not been

00:18:55.720 reported.

00:18:56.780 Which is?

00:18:57.460 How did he and his wife contract it?

00:18:59.640 Mm-hmm.

00:19:00.400 Okay.

00:19:00.740 So we need to know that.

00:19:02.960 Was it a casual thing?

00:19:04.520 Were you on an airplane?

00:19:05.740 He flies usually private.

00:19:07.160 Mm-hmm.

00:19:08.460 But we don't get that.

00:19:09.780 And that's really the crux of the story.

00:19:11.840 You're right.

00:19:12.320 He's rich.

00:19:13.040 He's famous.

00:19:13.580 He's got resources.

00:19:14.120 So how did Trudeau's wife get it? 0.98

00:19:16.500 Right.

00:19:16.700 Okay?

00:19:17.820 Those are important.

00:19:19.120 Those are important for people to know.

00:19:21.120 Because now people, oh, oh, it's one of these.

00:19:24.260 So, yes, you're right.

00:19:25.560 That brings reality to people.

00:19:28.340 But here's the most important thing I'm going to tell you today.

00:19:31.680 Okay.

00:19:32.940 This is, you know, the old cliche, this is a wake-up call.

00:19:36.980 Mm-hmm.

00:19:37.680 All right.

00:19:38.080 That's bull.

00:19:39.500 What this is, is a demand for you, the American citizen, to reassess your life.

00:19:47.460 Every single one of us.

00:19:49.220 All 330 million of us.

00:19:51.460 Because tomorrow, you have no blanking clue what's going to come.

00:19:54.800 So nobody in January, early February, ever in a million years thought that this was going

00:20:01.280 to sweep the nation and affect every single person.

00:20:05.240 But it did.

00:20:06.260 And it has.

00:20:07.400 So I'm saying to everybody, listen, this is happening for a reason.

00:20:12.620 Because I'm a believer.

00:20:14.060 The reason is that we have become so secularized and so polarized as a people that we're now

00:20:22.080 turning on ourselves.

00:20:23.740 All right?

00:20:24.160 We're not doing the right thing in our personal lives.

00:20:26.740 We're attacking other people.

00:20:28.340 There's a lot of hatred.

00:20:29.460 You've got to stop that.

00:20:30.740 Because tomorrow, you can be run over by a semi.

00:20:33.940 All right?

00:20:34.500 And you are not guaranteed anything in this life.

00:20:39.520 And that's the message that all Americans should be thinking about.

00:20:43.140 And you've got to live every day in an honest way, a compassionate way.

00:20:47.900 And I'm a fatalist.

00:20:49.600 I haven't really deviated here on Long Island where I am.

00:20:52.780 My behavior.

00:20:54.500 I go out.

00:20:55.740 I do what I used to do.

00:20:57.720 I'm not going to sporting events because they're not existing.

00:21:00.880 But if I get the disease, I get the disease.

00:21:04.660 Then I'll fight that battle.

00:21:06.280 But I'm not going to let it ruin my life and change my outlook on America.

00:21:11.380 And that's the most important thing that everybody can take away from this.

00:21:14.760 Bill, let me let me change now to politics.

00:21:17.940 The third of your list of four, politics.

00:21:21.980 This is the problem I see.

00:21:24.400 Again, this is the lack of nuance in the society.

00:21:27.140 This is real.

00:21:28.480 We have to pay attention.

00:21:29.860 The president has been taking bold steps.

00:21:32.200 But at the same time, there are people that are trying to politicize this and make this as a way to make sure that Donald Trump never gets in.

00:21:41.460 But those are two separate stories.

00:21:45.040 Both of them valid.

00:21:46.760 Agree or disagree?

00:21:47.760 Let's break it down.

00:21:48.980 Okay.

00:21:49.100 So, the federal government doesn't have a magic wand, even though Joe Biden would have you believe that it does.

00:21:57.220 Okay?

00:21:57.800 So, Donald Trump's the president.

00:21:59.740 And he did the right thing in the beginning.

00:22:01.740 And it was a two-pronged approach.

00:22:04.080 Number one, he isolated China from travel to the United States.

00:22:08.120 And he also put barriers on South Korea and Japan.

00:22:11.240 That was done in January.

00:22:12.860 And it was a very smart move.

00:22:15.000 And he did it.

00:22:15.740 Gets no credit from the mainstream media for doing it.

00:22:19.740 Number two, he basically now doesn't know what to do.

00:22:24.560 Because nobody does.

00:22:26.960 All right?

00:22:27.580 Nobody really knows what to do.

00:22:30.060 If they did, they do it.

00:22:31.460 Well, they are doing what they know.

00:22:33.560 It's not like he's standing around going, gee, I don't know what to do.

00:22:36.120 They're doing everything they know.

00:22:37.860 But they can't cure the disease.

00:22:39.180 Correct.

00:22:39.920 Correct.

00:22:40.140 All right?

00:22:40.640 So, it's going to infect people.

00:22:42.800 So, he makes another smart move by saying to Europe, because you have open borders and

00:22:48.760 anyone can walk from Turkey to Sweden, all right, infecting everybody along the way, we're 0.99

00:22:54.700 not going to take your planes.

00:22:56.520 All right?

00:22:57.000 So, that was a positive.

00:22:58.360 Here are the negatives.

00:22:59.460 He looked a little jittery on the address.

00:23:01.940 He did.

00:23:02.340 All right?

00:23:02.640 Okay, so, you know, he's a human being, although some people don't believe that he is.

00:23:09.080 But he looked a little jittery.

00:23:10.960 And the second thing was, he didn't explain the Europe travel ban as well as he should

00:23:16.980 have.

00:23:17.300 Because if you're an American in Europe, you can come back. 0.91

00:23:20.340 Right?

00:23:20.620 You just have to go into a system where they're going to test you.

00:23:24.120 They're going to look at you.

00:23:24.760 I have to tell you, I got that.

00:23:26.400 I don't know what the big deal was on this.

00:23:28.200 No, but he didn't say it.

00:23:29.280 I have a transcript of it.

00:23:29.640 I know, but it was implied and I understood it.

00:23:34.520 Okay.

00:23:35.000 So, that's President Trump.

00:23:38.380 And you, the American voter, can make up your mind whether that's enough or it isn't enough.

00:23:42.580 One more thing.

00:23:44.340 President Trump's main job is to calm the nation.

00:23:48.820 I'll take you back to 1933.

00:23:50.800 First inaugural address, FDR.

00:23:52.980 The only thing we have to fear is fear itself, all right?

00:23:55.640 Correct.

00:23:56.080 He's talking to America and that line has tagged him, his legacy.

00:24:00.400 Well, that wasn't true.

00:24:02.360 That was not true.

00:24:03.620 Correct.

00:24:04.020 We were right in the middle of the Depression and people didn't have supper.

00:24:07.300 All right?

00:24:07.860 They had to stand on lines for food.

00:24:09.800 And that was fearful.

00:24:11.440 My grandparents went through it.

00:24:13.320 I know how fearful.

00:24:14.380 It stayed with my father and mother forever.

00:24:17.260 All right?

00:24:17.480 So, FDR basically said an untruth in his inaugural address.

00:24:20.660 The only thing we have to fear is fear itself.

00:24:21.940 No.

00:24:22.380 We have to fear we don't have supper.

00:24:24.240 Okay.

00:24:24.740 But he did that to calm everything.

00:24:27.660 Exactly right.

00:24:28.120 To put a sense that we are going to recover.

00:24:30.560 That's exactly what Trump did.

00:24:31.880 Yes.

00:24:32.400 In the beginning.

00:24:33.240 Exactly.

00:24:34.040 Look, we don't want the markets to tank.

00:24:35.960 They did anyway.

00:24:37.220 But we want everybody to be as normal as possible.

00:24:39.600 That's what a president does.

00:24:40.880 Yes.

00:24:41.160 Okay.

00:24:42.420 Segway into the Media Democratic Party Alliance, which we've gone over on your program.

00:24:49.880 Okay?

00:24:50.620 They are in contact with each other.

00:24:52.900 They work together.

00:24:54.720 Immediately after the coronavirus panic hit in America, they came up with the strategy,

00:25:00.980 this can kill Trump.

00:25:02.940 So whatever Trump does, it doesn't matter.

00:25:06.220 Whatever he does, it's going to be bad.

00:25:08.520 Here is the page one headline.

00:25:11.680 In the Wall Street Journal, not a friend of Donald Trump.

00:25:14.620 Quote, Trump's announced travel ban on Europe beyond surprising European capitals deepens

00:25:20.420 tensions among transatlantic allies.

00:25:23.260 Okay.

00:25:23.920 And you know, F you, Wall Street Journal.

00:25:27.160 He did the right thing.

00:25:29.000 Everybody knows that Italy is closed down and there are no barriers for people traveling

00:25:34.440 throughout the country.

00:25:35.220 So by stopping travel, he did the right thing for America. 0.99

00:25:38.980 F you, Wall Street Journal, because you are liars. 0.98

00:25:44.900 And that's what's happening. 0.99

00:25:46.460 So you turn on the television, the hate Trump network, everything he does is wrong because

00:25:51.180 they want this to be the knockout punch on Trump.

00:25:55.440 Then you have Biden go on.

00:25:57.020 And I am covering him fairly on BillOReilly.com back.

00:26:00.280 I am covering Biden.

00:26:01.900 No cheap shots.

00:26:03.120 No, he has dementia.

00:26:04.200 I don't do that.

00:26:05.560 Right.

00:26:05.740 I'm listening.

00:26:06.700 I'm sitting and I'm waiting for one specific.

00:26:10.960 Give me one specific that you would do differently than President Trump.

00:26:15.380 I don't get it.

00:26:16.480 In a in a 17 minute address, I get no specifics.

00:26:21.320 What I do get is the giant federal government is going to chop this problem, not only in

00:26:27.300 the USA, but all over the world, because we're going to get cooperation.

00:26:32.580 This is Joe Biden saying.

00:26:33.960 And when we get cooperation, that's going to wipe out the coronavirus. 0.99

00:26:38.580 Is that the biggest bunch of crap you've ever heard? 0.80

00:26:40.940 You know, it's going to wipe out the coronavirus. 0.99

00:26:42.600 The free market system in these pharmaceutical companies that everybody has hated for so

00:26:46.980 long, they are going to they're going to defeat the coronavirus.

00:26:51.640 That's what's going to happen.

00:26:52.960 Yeah.

00:26:53.400 Yeah.

00:26:53.680 Yeah, exactly right.

00:26:54.660 But in the meantime, this is being used to try to destroy Trump, not work together,

00:27:01.120 not, you know, we're all in it together.

00:27:03.340 Let's try to get mitigate the panic and try to set up a system where people have confidence

00:27:09.260 in the financial market.

00:27:10.520 Stop the madness.

00:27:11.460 No. 1.00

00:27:12.600 Let's use it to destroy Donald Trump. 0.97

00:27:15.080 No matter what he does, it's bad.

00:27:22.300 This is the best of the Glenn Beck program.

00:27:37.260 Welcome to the program.

00:27:38.680 I want to give you something that I don't think anybody is really talking about today because

00:27:42.740 we're all worried about other things.

00:27:44.040 But this is very, very important.

00:27:47.980 Listen carefully, please, to this.

00:27:50.760 We've been talking about what the Fed has been doing with what's called the repo market.

00:27:57.260 And what this is, is a there's a like it was used to be called the discount window.

00:28:02.560 If a bank was in trouble, they could go to the discount window and they could get money

00:28:07.940 overnight.

00:28:08.880 They have to have law says you have to have enough money, enough enough money in the vault

00:28:15.600 to be able to open up the next day.

00:28:18.140 You have to be able to cover all of your debts.

00:28:20.980 OK, so banks generally have that.

00:28:25.840 This discount window was never opened by banks unless they were in real trouble.

00:28:32.720 The Fed always had it, but it was a special line you would go into and it was known so

00:28:38.940 all the banks could go, oh, that bank is in trouble.

00:28:42.040 OK, and when that bank was in trouble, then people would.

00:28:46.340 I mean, it was really it was a high risk thing.

00:28:49.020 You only went there when you were really in trouble and it could cause you more trouble

00:28:53.380 if you went to that window because everyone would know, OK, there's there's trouble with

00:28:58.760 that bank.

00:28:59.160 But they did that for a reason to make sure people were really responsible with the money,

00:29:04.340 the banks and to let everybody know, hey, there's there's trouble here with this particular

00:29:10.720 sector or with this bank.

00:29:12.940 Well, that all went to hell.

00:29:14.360 They just open up the discount window and anybody can go for any reason.

00:29:17.700 It's all secret and everything else.

00:29:20.420 Let me give you a headline.

00:29:22.120 Federal Reserve Bank of New York announced it's issuing 50 billion dollars, an overnight loan

00:29:28.080 or repo agreement between itself and a member investment bank in New York.

00:29:33.260 The Fed had been participa participating in the overnight lending market between banks since

00:29:39.260 2007.

00:29:41.180 But 50 billion dollars on one night to a single bank is something that has never happened before.

00:29:48.400 And for that matter, we don't know that this has ever happened since March 12th.

00:29:55.740 Moody's downgraded Bear Stearns stocks.

00:29:58.580 Now, I'm obviously reading to you a headline from 2008.

00:30:05.480 The Federal Reserve announced it's willing to issue a 50 billion dollar overnight loan.

00:30:10.400 March 12th, Moody's downgraded Bear Stearns stocks and bonds to B to C grade, effectively

00:30:16.440 junk assets, as investors are concerned.

00:30:19.620 Accountants that night calculated that Bear Stearns had less than three billion dollars

00:30:23.800 in total cash assets versus eighty two billion dollars in liabilities.

00:30:28.380 So not enough cash on hand to open their doors.

00:30:31.240 The game was over.

00:30:32.300 The next morning, stocks crashed from forty dollars a share to less than ten dollars a

00:30:37.260 share before the regulators took the stock off the exchange.

00:30:40.920 Within two hours, JP Morgan had agreed to buy Bear Stearns for less than two dollars a

00:30:45.760 share, leveraging a one percent loan from the Fed to facilitate the purchase.

00:30:51.800 It was the largest bank collapse in U.S.

00:30:54.500 history until Lehman Brothers collapsed in a very similar fashion shortly thereafter.

00:30:59.580 Now, we all remember and recognize the names and the situation of Bear Stearns and Lehman

00:31:05.700 Brothers, two giant investment banks that were caught with their pants down when the

00:31:10.860 housing market and the CDO market fell apart in 2008.

00:31:14.460 We all know that.

00:31:16.720 But for the most part, what we don't know is that for both banks, there was an attempt

00:31:22.260 to save them in both cases the night before the two largest and most prestigious investment

00:31:28.260 banks in the world collapsed.

00:31:30.680 The Federal Reserve Bank of the United States had attempted to give them huge loans, tens

00:31:35.600 of billions of dollars to try to bail them out each.

00:31:40.440 Fifty billion dollars for one bank.

00:31:44.660 So what?

00:31:46.820 Last night, the U.S.

00:31:48.960 Federal Reserve announced its largest.

00:31:51.200 This is now current history.

00:31:52.980 Last night, the Federal Reserve announced its largest ever overnight lending program, larger

00:32:00.560 than the attempted repo loan that was to have bailed out Bear Stearns in 2008 by a factor

00:32:07.100 of 10.

00:32:09.820 The Federal Reserve last night loaned more than five hundred billion dollars into the overnight

00:32:17.260 liquidity liquidity market.

00:32:19.080 That's where the banks show up to borrow some money because they don't have enough cash on

00:32:24.260 hand to cover opening the doors the next day.

00:32:28.080 Five hundred billion dollars one night.

00:32:36.260 Now, there are only a few banks that could possibly be measured to have liabilities or cash

00:32:42.460 needs in the five hundred billion dollar range.

00:32:46.580 Morgan Stanley, JP Morgan, People's Bank of China, Mitsubishi Financial, Bank of America,

00:32:53.200 Deutsche Bank, the largest banks in China, the largest banks in Japan, the largest bank in

00:32:59.500 Germany and the largest banks in the U.S.

00:33:02.840 There is a precedent for covid-19, the Spanish flu of 1918.

00:33:07.400 We know how to navigate those waters, but there is no precedent in world history for a bank

00:33:15.660 lending five hundred billion dollars to another bank in one night to cover the market losses.

00:33:25.160 Five hundred billion dollars is larger than the annual GDP of most nations on planet Earth.

00:33:32.060 In 2008, it was a death rattle.

00:33:38.900 Bear Stearns.

00:33:41.460 In 2020, based on what the Fed did last night, what is it that we're hearing?

00:33:49.540 What domino is weak?

00:33:52.520 They're telling us the banks are fine.

00:33:55.520 They're telling us the banks are good and they probably are.

00:33:59.120 But a five hundred billion dollar overnight loan is unprecedented.

00:34:08.800 Keep your eye on the financial sector.

00:34:13.000 This is.

00:34:14.680 I want to be really careful.

00:34:16.680 And I have been going back and forth and really praying hard.

00:34:20.680 And I'm really struggling right now.

00:34:23.980 Because I am a guy that always sees the problems.

00:34:27.480 I see the holes in the, you know, in the Titanic after we leave the iceberg.

00:34:32.860 I I see the problems and I usually see them ahead.

00:34:38.040 Once that hole is in the iceberg, I'm one that is better at not making people panic and saying we're going to make it.

00:34:47.100 We keep going.

00:34:47.960 A lot of yada, yada, yada.

00:34:49.200 I've warned you for a long, long time that we're going to have real problems.

00:34:57.620 I'm not sure that this is it.

00:35:00.340 Everything intellectually in me, everything that I know, all the history that I have of looking at these things, everything in me says this is.

00:35:11.320 This may be what we've been preparing for.

00:35:17.460 But I don't have any feeling of dread or doom or panic whatsoever.

00:35:26.220 That's unusual for me because I'm usually the one going, don't you see?

00:35:31.320 Wake up.

00:35:31.960 And I don't have that panic.

00:35:35.020 And I honestly, I maybe I'm not.

00:35:41.360 I don't know.

00:35:42.420 Maybe I'm not worthy.

00:35:43.660 Maybe I'm I'm not.

00:35:44.940 Maybe my my time to warn people.

00:35:48.880 I don't know what's happening to me right now.

00:35:51.200 All I know is I can just tell you the facts and I can also tell you, don't panic.

00:35:59.840 Because I really, truly believe that.

00:36:02.640 But I also need to tell you at the same time, unprecedented things are happening and I can't tie them all together yet.

00:36:11.780 Something is off and I just don't know what it is.

00:36:14.920 And I would sincerely ask for your prayers, ask, ask for your prayers for everyone on this show and everyone who advises me.

00:36:26.380 And most of all, me, that I figure out what the heck is that I don't doubt and that I have enough humility to actually hear what I'm supposed to tell you every day.

00:36:43.620 Here's what I do know.

00:36:46.400 We're not all going to die from the Corona flu.

00:36:49.580 We're all going to be on the other side.

00:36:53.580 But on the other hand, we are we are facing headwinds that I haven't seen in my lifetime before.

00:37:00.240 And hopefully everything calms down.

00:37:03.980 But things don't fit together neatly yet.

00:37:08.620 And and I would just ask for your prayers and I would ask you to do one more thing.

00:37:13.620 Stop playing politics.

00:37:17.620 Tell all of your friends, stop it.

00:37:20.500 We know that the press is not telling us the truth.

00:37:23.980 This is the time where we all need our credibility.

00:37:26.740 The press doesn't have any credibility.

00:37:28.540 So nobody is trusting what they say because they have never told the truth about any of the good things about Donald Trump.

00:37:36.780 It's all bad.

00:37:37.820 It's all everything that he does is just the worst.

00:37:40.980 That's not possibly true.

00:37:43.100 And they have no credibility.

00:37:46.820 You must have your credibility.

00:37:48.540 And you have to tell people, look, we're going to lose people.

00:37:52.520 And if we lose one percent, which is a hopeful number, if we just only lose one percent of everybody who gets the coronavirus, it's going to be bad and it's going to hurt all of us personally.

00:38:06.020 But we're most of us going to make it through it.

00:38:09.180 It's not that that we're worried about.

00:38:12.760 That's a big toll.

00:38:14.600 There's two things you need to worry about the overwhelming of the system because people panic, the overwhelming of our medical staff.

00:38:22.260 And the best thing that we can do is take care of each other.

00:38:28.360 Take care of the neighbor that is next to you.

00:38:31.020 Make sure that they're OK.

00:38:33.360 Make sure that you just call each other or FaceTime each other.

00:38:36.820 Just do the things that all of our churches taught us to do.

00:38:41.620 Don't wait around for the government to tell you to do things.

00:38:44.900 You do them because in a free society, we have a responsibility to not be reckless with our health or other people's health.

00:38:55.500 Their health is is you might not get sick, but if you've been exposed and you're getting somebody else sick, you're part of the problem.

00:39:04.680 We all have to make sure that we are doing the right thing.

00:39:08.360 For, dare I say it, the collective, but in the way that we all understand it, we are all free individuals.

00:39:19.520 Now let's step up and exercise our responsibility to also be e pluribus unum.

The Glenn Beck Program - March 13, 2020

Best of The Program ｜ Guest： Bill O'Reilly ｜ 3⧸13⧸20

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