On today's show, Glenn Beck is joined by Harvard Medical School Professor James Altucher to talk about the dangers of wearing a mask in public. Also, Texas is filing a lawsuit against Donald Trump and the Supreme Court, and the McRib is back in stores.
00:18:03.240And again, it's not just like a few businesses downtown are closed for a little while.
00:18:08.720It's, it's probably going to be about 100,000 businesses closed in New York.
00:18:12.920Just the other day, there was news, 70 financial firms, including Goldman Sachs asset manager business, have moved from New York to Palm Beach, Florida.
00:18:25.400And how do you pay for New York's probably, in my back of the envelope, Matt, New York is probably about $100 billion in the hole.
00:18:32.620How are you going to pay for that with no taxes collected?
00:18:36.060Because everybody who pays taxes is leaving.
00:18:38.160And the people that are the worst off, the people like this bar owner, that's just trying to keep their restaurant and their bar open, they can't move to West Palm.
00:19:04.720And it's every restaurant owner all around, I'm standing in New York city right now, all around me, restaurants that have been staples for decades are out of business.
00:19:15.040The people who work there out of business moved out.
00:19:18.720The people, the employees moved back to wherever they're from.
00:19:22.420This is not just something that affects quote unquote, the rich, nor is this.
00:19:26.600A lot of people are saying, oh, well, this will go to a, back to the seventies, which was this artistic utopia where the rents were low.
00:19:46.020You're right about the constitution and you're also right about there has to be compensation.
00:19:51.300If the government takes away something of yours or destroys it, they have to have fair compensation for that.
00:19:59.960I, I've been saying from the very beginning when they said, we're going to close down businesses for more than two weeks.
00:20:05.280I've said that this is a huge lawsuit just waiting to happen on behalf of all of the people who have lost business because they weren't allowed to open it up.
00:20:16.220But that brings me to, well, we'll just print more money.
00:20:20.840I mean, the value of the dollar is, you know, did you know that the federal reserve has printed more money?
00:20:28.060In fact, they've printed three quarters of all of the money they have printed in 107 years.
00:20:37.120They've printed three quarters of that amount recently.
00:20:42.680And, you know, I even look, I even called people at the federal reserve to talk about New York city just for my own benefit.
00:20:48.820So I could see that someone's thinking of solutions.
00:20:51.520All of their thinking is, Hey, you know, their demand for the dollar is strong, which gives us an opportunity.
00:20:58.060I don't need it to print, but it means that our children are going to be paying back money to the children of the wealthy Chinese people who are lending us the money.
00:21:08.120And now the federal reserve is lending it.
00:21:10.280We're not even borrowing it from the Chinese.
00:21:11.900Nobody will buy our, our, our debt anymore.
00:21:15.140It's now 100% financed by the federal reserve.
00:21:19.660I mean, did you know more since March money supply, more than, more than $11 trillion has been added to the money supply.
00:21:40.100You're only benefiting the top one third of society when you do that.
00:21:43.920So it's not a progressive action at all.
00:21:46.860And what about these guys like the Staten Island bar owner who's worked for 40 years, building up his bar, helping his community, serving his city.
00:21:55.840And, and now being told that he's, he's not a law and order when he just wants to feed his family.
00:22:01.580It's, it's, it's sad and it's disgusting.
00:22:03.940So let me ask you, cause there's, there's not been any talk on our very little talk on this, especially compared to last time.
00:22:12.280Bitcoin is almost, I mean, it has broken its all time high, I believe, or it was within a couple of hundred dollars of breaking the all time high, but that only lasted a few days.
00:22:22.740Bitcoin is now up around 18 to $20,000 and has been for a few, a few weeks, maybe a couple of weeks now.
00:22:30.680And there's no hype on it is what's happening with that.
00:22:35.820Is that a reaction to people with money saying, I'm getting out of the dollar and I'm putting it into something that might be stable?
00:22:47.340I think one is even since, since March, everybody breathed a huge sigh of relief that Bitcoin existed because what other currency would you trust?
00:22:59.220The dollar is the most trusted currency in the world.
00:23:02.380And like I just said, they're printing, you know, maybe another $10 trillion for all we know, like the Bitcoin, the supply cannot change.
00:23:11.660The supply is permanently fixed at 21 million Bitcoin.
00:23:15.300So, and it's not reliant on the financial system.
00:23:19.360Every dollar transaction goes through banks and central banks and federal reserve banks.
00:23:25.500It's all tied to a system that could collapse.
00:23:28.120Bitcoin is outside the system, which is why companies like MicroStrategy is putting all of its cash reserves into Bitcoin.
00:23:36.060That didn't happen in 2018, the last time Bitcoin reached a high.
00:23:39.480The last time Bitcoin reached a high, it was speculators, people wanting to day trade Bitcoin.
00:23:44.780Now it's people who are parking hundreds of millions, if not billions of dollars in Bitcoin for safety because they don't trust the dollar.
00:24:03.280There's $150 trillion of fiat currency around the world, but only $300 billion worth of Bitcoin.
00:24:09.740So if you think there's a reasonable chance that some percentage of currency will switch over to Bitcoin, which seems kind of obvious now, then Bitcoin is a very safe place to put money.
00:24:21.160Not go crazy with it, but put some money there for safety.
00:24:30.320Because I think it was Goldman Sachs, it may have been Citibank, that came out and said they're expecting a 30% drop in the value of the U.S. dollar in the next year to 18 months.
00:24:43.640If they're printing $11 trillion, it's going to be more than that.
00:25:44.820And so what's going to happen is when all your goods are made overseas, but we're paying in dollars where the value of the dollar is going down, everything's going to get more expensive.
00:26:58.180All your products are going to be more expensive.
00:26:59.940So the people at home are in trouble, the government gets away with it, and a new generation has to pay back the children of all the people in the rest of the world.
00:27:08.940So, you know, we have 5% of New York office space being used right now.
00:27:48.600So I tell you, James, I've talked about this.
00:27:51.000Stu is pointing this out this morning.
00:27:52.360I talked about this because of a digital revolution that was coming.
00:27:56.620I've been talking about it for five or six years and describing what it would look like if the transition was sudden and describing New York City.
00:28:24.240Well, you know, it's an important question because there's 128 million workers in the U.S., but 55 million of them filed for unemployment insurance at some point in the past eight months.
00:28:38.800It shows there's no loyalty in corporations.
00:28:41.800So entrepreneurship has to be on the mind of many people, particularly young people.
00:28:46.820Start looking towards who benefits from everybody working remote or everybody moving from the first-tier cities to the second-tier cities.
00:28:56.400So obviously, online learning is going to benefit, social media management for companies, helping companies pivot from offline to online, working on online newsletters, online courses.
00:29:11.380Anything relating to remote, relating to media being created remotely, all of these things are going to boom.
00:29:21.580You know, app development, again, helping companies with their social media management.
00:29:29.440This is a great time for young people who have been using social media since birth to now step up their skills, start off the way I did, creating an online agency, and building a business to the many people of the older generation who need the help moving remote.
00:29:44.780So this is a perfect time to be young and be an entrepreneur.
00:29:48.340James, it is always good to talk to you.
00:29:50.020Thank you so much for dropping by today.
00:29:55.200Entrepreneur and podcast host and writer of several really great books.
00:30:03.840You're listening to the best of the Glenn Beck Program.
00:30:14.780So I don't know if you've been following Max Public House in Grant City, Staten Island, but two guys own this bar and they have been shut down.
00:30:25.200They've tried to do everything they can.
00:30:27.180They're going to lose their bar if they have to shut down again.
00:30:30.520So they decided that they weren't going to shut down.
00:31:09.780He runs from the cops, gets into his car.
00:31:12.240One of the cops, you know, like Beretta, jumps on the hood of his car and goes for a couple of blocks before they stop him and they do arrest him.
00:31:21.180He's out on bail or he's out of jail without bail.
00:31:48.900Law and order means when the state of New York says your bar needs to be closed, your bar needs to be closed to protect people's health and safety.
00:33:05.180My partner and I have been criminal defense attorneys for over 40 years.
00:33:09.060We have never dealt with the sheriff's department in a criminal manner.
00:33:15.020So we want to make perfectly clear the NYPD, Northern New York State Troopers, wanted anything to do with this.
00:33:22.000That's why they sent de Blasio's personal political hit force to handle this.
00:33:27.960Well, I tell you, in Texas, sheriffs are the good guys, not the bad guys.
00:33:32.120So tell me what is happening, because I think there's a lot of people that feel, Danny, exactly like you did, where you guys are trying to keep your business open, and you keep being told no, no, no, and you don't have a choice other than to go to the poorhouse.
00:33:53.880Yeah, that's why this whole thing started in the beginning was because we were left without any options, and it was to bring attention to what's going on to the businesses and how dire it is.
00:34:08.040And in the beginning, we just tried to bring attention to say, hey, let's try to bring as much noise as we can to try to get the mayor and the governor, and not just here, but across the country, to understand that small businesses need assistance.
00:34:24.840All these big, big chain places are still thriving, and you're killing the small mom-and-pop places, and we either need assistance if we have to shut down, or you have to help us open in a safe manner.
00:34:38.460But just the shutdowns and ignoring us and pushing us to the side and killing our livelihoods just wasn't acceptable to us anymore.
00:34:45.100This is what's happening in California as well, and people are starting to go rogue because they've got nothing left.
00:34:52.560You have nothing left, and nobody is offering any help.
00:34:56.320Did you expect this to get to this point?
00:34:59.800Did you expect to be seeing the inside of a jail?
00:35:04.080And I didn't know what to expect when we did it.
00:35:07.180Again, we just knew that something had to happen.
00:35:09.700So when Keith and I sat down, we decided to do something about it.
00:35:15.140Did I think that getting arrested two times in one week was going to happen at some point?
00:35:27.720How are you going to fight this, and what do you think it means?
00:35:32.540Well, obviously, on a legal level, we have two issues.
00:35:36.380We have the criminal case where we're representing Danny, but we also have the civil cases where the sheriffs gave over $50,000 in fines to Mack's public house.
00:35:46.740I can assure you we'll take care of Danny's criminal cases, but as far as the civil cases go, that we're going to have to battle those.
00:35:54.140This is certainly something that was unexpected.
00:35:58.460But I want to assure your viewers, what happened in California was interesting.
00:36:03.540They had a judge rule that they have to show their signs before they shut businesses down now.
00:36:11.600My partners and I brought four different lawsuits to open the restaurants, and we've been shut down by judges in New York City on each time because, obviously, they're appointed by de Blasio and Cuomo.
00:36:26.140So, we would love to have a ruling that happened in California.
00:36:31.880Unfortunately, it seems like going the legal route hasn't been working either.
00:36:37.560We will continue to do that in the appeal process, but sadly, the small business owners on Staten Island through the rest of the country can't open and still can't open, and they still can't put food on their table.
00:36:50.020So, it's a sad situation, and I applaud Danny and his partner, Keith, for leading the charge and staying open.
00:36:58.640Unfortunately, it's ended up in these ridiculous criminal charges.
00:37:03.980So, I know you guys are doing a GoFundMe.
00:37:16.780And you say that anything that you're not using, you're going to apply that to fight for other small businesses.
00:37:25.760Is there some sort of an association or is there any group of small businesses that are starting to band together and say, we've got to fight this as one because we're all too small?
00:37:37.840Well, we started the small business on Staten Island started a business association a while ago.
00:37:47.720That's who we brought the lawsuits on behalf of.
00:37:51.540We will continue to bring those lawsuits on their behalf.
00:37:54.240And I believe there are a lot of people throughout the country starting to form these coalitions so they can have a strong voice into these ridiculous orders by the governors and mayors of these liberal cities.
00:38:33.100And it's sad that even the COVID virus has become a political animal.
00:38:38.180So I have to ask you this because I am I'm strong with law enforcement that stands with the Constitution and usually that is the sheriffs, et cetera, et cetera.
00:38:50.020And I I preach against, you know, the people like, you know, all the people that de Blasio has supported and all people like him that go out in the streets and they commit all kinds of crimes.
00:39:02.540The Black Lives Matter has been responsible now for six thousand injuries with police.
00:39:08.180So I have to I just have to ask about the sheriff that was on the roof or on the hood of your car.
00:39:15.680He did break his collarbone or he broke one bone.
00:39:23.400We have 100 percent confirmation that was the sheriff's department trying to change the narrative so the support would leave daddy.
00:39:31.400Where I have 100 percent confirmation that that same sheriff's deputy that they claim was injured was in the sheriff's office for over four hours process processing the arrest.
00:39:43.940He did not go to the hospital till after five hours after the incident claiming claiming some injuries.
00:40:04.180If I may say something and I speak on behalf of Danny on this and all the people involved with Max's Public House and my partners, we completely stand with law enforcement, the NYPD, the state troopers.
00:40:23.480They've been nothing great and supportive from the beginning.
00:40:26.400The sheriff's deputies play a lot different role in New York City than they do in Texas and the rest of the country.
00:40:34.760And even through all this, we still wouldn't want to be disrespectful for them, even though they've acted like thugs for the mayor de Blasio.
00:40:45.700We still haven't been disrespectful to them.
00:40:47.980We've been cooperative and respectful the whole entire time.
00:41:19.840If you would like to donate and help out, this is becoming more and more of a problem.
00:41:27.500And we as small businesses, and I say that as an owner of a small business, a couple of small businesses, we have to stand together and help each other out.