Biden meets in person with CEOs of 10 major corporations to discuss the potential benefits to business of his 'Build Back Better Act' and the Great Reset. Peter Swizer is on with us to give us stunning information about elites and Joe Biden selling America out to the Chinese.
00:04:44.220And something called ESG scores, environmental, social justice and governance scores.
00:04:50.960And these governance scores are going to help people navigate the very tricky financial waters that we're going into because of climate change.
00:05:00.500Let me give you this regulators, federal regulators today, a new story from Politico, are likely to press banks to prepare for the fallout from a warming planet.
00:05:16.480So the planet is getting so warm right now that federal regulators are saying, you better, as banks, you better prepare for this.
00:05:28.540And one of the things you need to do is stop financing fossil fuels.
00:05:34.180If you think your gas price is high today, give it a year.
00:06:58.680That is a horrible, horrible investment.
00:07:02.100She's now going to be she's been picked for the top job for the regulations at the Federal Reserve.
00:07:10.480Martin Grunberg, he's taking over the FDIC.
00:07:15.300And, you know, Trump's person, they forced her to resign.
00:07:20.640And now you've got another climate warrior at the top of FDIC.
00:07:27.500You also have the comptroller of the currency is now being led on an acting basis by Michael Hsu, who has put climate issues front and center.
00:07:38.840You have Security and Exchange Committee's chair, Gary Gensler.
00:07:42.560He is he is enacting sweeping rules that will require banks and other public companies to disclose their contributions to climate change and environmental risks.
00:07:53.420A huge, massive shift faster than anyone could imagine is coming.
00:08:00.800Now, let me give you what's happening overseas with our own Treasury secretary.
00:08:07.580So Janet Yellen met for the WF Davos Agenda annual meeting.
00:08:17.480And there was a conversation with Janet Yellen, secretary of the Treasury, with Klaus Schwab actually hosting.
00:08:25.140And after telling Schwab that the old supply side model for lower taxes and reduced regulations just doesn't work and Biden's new build back better is just so much more promising, she said, importantly, the Biden administration, their economic strategy embraces rather than rejects something kind of important.
00:08:50.640Importantly, the Biden administration's economic strategy embraces rather than rejects collaboration with the private sector through a combination of improved market based incentives and direct spending based on empirically proven strategies.
00:09:10.960OK, so what she's saying here is the Biden administration through the Treasury and through the Federal Reserve are going to now partner with businesses.
00:09:21.040Do you want your government partnering with all of the biggest businesses?
00:09:25.680Exactly what's happening in the White House today.
00:11:42.100It was fascinating certainly for our participants to hear from you how the different aspects of your economic approach of the administration,
00:11:56.440Biden administration approach, is integrated into an overall concept of the modern supply side economics.
00:12:06.100And I think, just in a nutshell, that's probably the pathway which we have to choose in the context of today and to create a modern economy which is not just successful in creating prosperity,
00:12:25.100prosperity, but creating inclusive prosperity, also sustainable and also resilient prosperity.
00:13:45.140Well, our elites are committing suicide, right?
00:13:47.920It's it's I begin the book talking about Vladimir Lenin's prediction about, you know, the capitalists will sell us the rope by which we'll hang them.
00:13:55.640And he talked about how the elites were going to be deaf, dumb and blind in the light of what the Soviets were doing.
00:14:02.560Of course, the Soviets couldn't afford to do it.
00:14:04.600They didn't have any money to buy off people in the West.
00:14:08.760And what Lenin predicted is absolutely happening.
00:14:11.900The American elites, large numbers of them are selling out the country for personal profit and because they have this kind of affection for the dictatorial model that that Beijing follows.
00:14:24.600So that is something that people don't understand.
00:14:26.740I'm going to get into some of the meat of this and we're going to start with Joe Biden.
00:14:30.720But first, I think you need to explain because people will say, why would these capitalists want to be in bed with these guys?
00:14:40.580What why would they want this to spread even over here?
00:15:38.040So when you look at a guy like, you know, Bill Gates or Elon Musk or, you know, some of the big guys on Wall Street that I name, do they really need the money?
00:15:46.240I mean, Bill Gates is worth more than $100 billion.
00:15:48.700But there's this notion, this sense that China knows how to govern and address world problems better than the United States does.
00:15:57.540Because that's what I think part of the reason is they get in bed with them because they feel like there's kind of this joint effort in tackling these global problems.
00:16:04.980So, but is this, is, how do they shut their eyes to the atrocities in China?
00:16:11.640Very simply, they either explain them away or ignore them or believe that there are other bigger problems.
00:16:20.840One of the things I talk about in the book is, you know, the issues related to climate change, you know, not getting into the whole debate of what causes it.
00:16:29.460But, you know, China has very effectively said, you know, if you bring up human rights, we're not going to cooperate with you on climate change.
00:16:37.900And that's actually part of a strategy I outline in the book, how the origins of the Paris Climate Accord really came from a Chinese United Front group.
00:16:47.640The point is, is that they turn a blind eye because they feel like there are, quote unquote, bigger problems to tackle, ignoring the fact that the very nature of the Chinese regime is the reason we can't trust them to keep their word.
00:17:02.680And that's the calculation that they've made.
00:17:05.180We're going to ignore the internment of the Uyghurs.
00:17:09.280We're going to ignore human rights violations.
00:17:11.580We're going to ignore the fact that they covered up the COVID virus, leading to, you know, millions of additional global deaths because of the conduct.
00:17:21.200They're going to ignore all that because they feel like President Xi and what China wants is common cause with them on a lot of these issues.
00:17:28.800And by the way, they can make a lot of money at the same time.
00:17:31.300So, you said that this is the most disturbing work you've ever done, the most disturbing personally to you, and you think it's the most disturbing message to put out.
00:17:45.100Can you give me a bit more on that feeling and why?
00:18:06.360Those are all, you know, important individual cases.
00:18:11.480What we're dealing here is with an entire class of people.
00:18:16.060I mean, if you look at the section on Silicon Valley in the book, you know, you've got Google, you've got Zuckerberg, you've got Bill Gates, you've got Elon Musk.
00:18:25.180These are the most powerful people in Silicon Valley, and they all say the most outrageous things about the Chinese regime.
00:18:32.360Will you do me a favor, because I think this one story about Zuckerberg meeting President Xi with his wife is truly unnerving.
00:18:44.060Yeah, so Zuckerberg has a long history of kowtowing to Beijing.
00:18:48.840Zuckerberg, of course, is married to a woman who's ethnically Chinese.
00:18:53.780He meets President Xi at a state dinner that then-President Barack Obama is holding in 2015.
00:18:59.840Zuckerberg, obviously eager to do business in China, ends up doing some deals in China, goes up to President Xi at the state dinner with his wife, who is pregnant.
00:19:10.500And he asks the dictator of China if he would provide a name for his child, a Chinese name.
00:19:18.340You know, he's going to have an American name, but also have a Chinese name.
00:21:25.480And he has gone through it with a fine-tooth comb.
00:21:30.200It's not the whole book, and that should really disturb you.
00:21:34.140It is a portion of the book on the Bidens.
00:21:38.260The book that is coming out today, Red Handed, How American Elites Get Rich, Helping China Win, with Peter Swiser.
00:21:48.040Okay, so, Peter, you broke the story in 2018.
00:21:52.760Nobody paid attention, said it was conspiracy.
00:21:55.720They said that he didn't really make any money.
00:21:58.380You now have the goods that not only did he make a lot of money, but his father was directly involved in these business dealings with the highest levels of the Chinese party.
00:22:13.960Yeah, I mean, this is the interesting and, I think, very troubling evolution of the story.
00:22:20.820You know, you and I talked about this when the book came out in 2018, and it was a story of cronyism and corruption and self-dealing by American politician Joe Biden.
00:22:31.500And what we did was take the new material, which are the email collections of a couple of Hunter Biden's business partners, the laptop itself, Secret Service travel records that was released by the U.S. Senate.
00:22:44.720And what we really wanted to find out, Glenn, is how did these deals happen in China?
00:22:49.560How does a guy who's the son of a vice president go to China and line up these deals?
00:22:53.920No, no, no, wait, wait, wait, not just the son of a vice president, an out-of-control drug user, a guy who is a very risky bet on any level, get those meetings.
00:23:06.120Yes, very, very important point to make.
00:23:09.620So we wanted to know who opened these doors in China.
00:23:12.220And what we found by going through the emails is that there were basically five deals that the Biden family got, and there were a collection of businessmen that opened those doors.
00:23:25.560And each one of those businessmen has direct ties to the highest levels of Chinese intelligence.
00:23:33.620So, for example, the Bohai Harvest deal, BHR, that we talked about, this is a private equity deal.
00:23:45.060One of the guys that made that happen is a Chinese businessman, kind of sketchy guy named Che Feng.
00:23:50.460Che Feng, at that time, was business partners with the vice minister of state security in China, a guy named Ma Jian.
00:23:59.420Ma Jian was in charge of the so-called No. 8 Bureau, and his responsibilities included recruiting foreigners to spy for China.
00:24:10.100He had additional responsibility for North American intelligence operations.
00:24:15.100That's the first businessman that is opening a door for Hunter Biden, put some on the board of this private equity fund.
00:24:22.220His valuation ownership is around $20 million for basically doing nothing.
00:24:27.120The second businessman that helps with that deal, and then also sends another $5 million to another one of Hunter Biden's businesses, is a guy named Mr. Zhao.
00:24:39.000Mr. Zhao, at the time, was business partners with the daughter of the former minister of state security, which is the guy that runs the entire spy apparatus for China.
00:25:10.940Imagine if we would have tolerated in the Cold War, you know, Harry Truman's daughter, you know, or Eisenhower's kids getting deals with people directly tied to the head of the KGB.
00:25:23.540I mean, it's unfathomable, but that's exactly where we are.
00:25:32.080It's all open source information, but in sum, the Bidens got five deals totaling some $31 million, and every single one of those deals trace back to individuals with links to the highest levels of Chinese intelligence.
00:25:48.360And the part that is important that you touched on at the beginning is this is not just a Hunter Biden story, because the other thing that is revealed by these new email collections is that Hunter Biden was getting money from foreign sources, and he was sharing that money with his father.
00:26:09.440In fact, there are messages where Hunter's complaining to other family members, saying, I have to give half my money to Pop, meaning his dad.
00:26:16.800And you could say, well, you know, maybe it's just, you know, he's on drugs, or he's just mad.
00:26:21.520But that assertion is supported by the emails, and you find that Hunter Biden is paying for repairs and renovations on Joe Biden's property up in Delaware.
00:26:33.980This is when Joe Biden is vice president of the United States.
00:26:37.600He's paying for things like his monthly phone bill.
00:26:41.020I mean, we found tens of thousands of dollars.
00:26:55.580If you are a politician, you can accept occasional gifts from family members, but family members and their businesses cannot subsidize your lifestyle and pay your bills.
00:27:07.460But that's precisely what Hunter Biden has been doing for Joe Biden, and, you know, it's directly linked to these foreign deals that he's making.
00:27:16.900So we have a president who is compromised on almost every front.
00:27:23.980You know, he says that that Donald Trump was compromised by Vladimir Putin, except everything that Donald Trump did with Vladimir Putin did not work to Putin's advantage.
00:27:35.380Here, the case is is is dramatically the opposite.
00:27:41.560But we're living in a time now where because of China and because of Biden.
00:27:48.060The press isn't going to I mean, this is the most stunning, illegal, clearly un-American activity I have ever seen produced outside of the guy who was actually a spy for the FBI.
00:28:07.580I remember his name that was arrested during the Reagan administration.
00:28:11.080It's that kind of level and no one's going to talk about it.
00:28:19.180Well, here's the thing we have to keep in mind.
00:28:21.840We have to keep in mind that the American people did not know a lot about this.
00:28:27.020Remember, in the 2020 election, they suppressed when The New York Post first started running stories about the laptop.
00:28:33.120I believe that I think it's the reason, Glenn, you get out of bed in the morning and come to work is the American people cares about these things.
00:28:42.200And there are enough people in Washington, elected people in Washington, whether they believe in the republic or whether they simply want to keep their jobs.
00:28:51.720When the American people rise up and raise this as an issue that is important to them, it cannot be ignored.
00:28:58.480And the important thing to keep in mind is that Joe Biden in his presidency is doing what Beijing wants to do.
00:29:06.620Now, it's important to keep in mind, you know, people say, well, you know, Joe Biden, he put this diplomatic boycott for the Olympics or, you know, he criticized them as leaders.
00:29:17.440One of the things I point out in the book is the Chinese have a concept called big help with a little bad mouth.
00:29:23.380As long as you're doing the big things to help them, if you say some negative things, they're not worried about it.
00:31:03.380Right now you're spending a lot more in your grocery store.
00:31:07.040And so we could sit around and complain about it.
00:31:09.120Or we can showcase people who are doing something about it every day.
00:31:13.200I want to show you some people that are thinking out of the box and quite honestly, will be the ones that restore us.
00:31:20.840Today, I want to share with you a story that I I had that I found yesterday.
00:31:26.100And it all revolves around a guy named Scott Carnes.
00:31:30.560He is a second generation family member of Carnes Quality Foods.
00:31:35.340This is in, I think, Western Pennsylvania.
00:31:38.560He's well, I'll just ask him, Scott, how many stores do you have?
00:31:42.780Well, we have 10 stores, Glenn, and we're all in central Pennsylvania, central Pennsylvania.
00:31:46.760And I read yesterday what you're doing with just meat alone is game changing.
00:31:56.040And I hope other people will do this in grocery stores.
00:31:59.340Tell me the problem with the grocery stores that, you know, you were spotting and what you were trying to solve.
00:32:05.300Well, what we saw, we had a supply problem during the early times of COVID and, you know, big issues with getting enough beef and pork, eggs, those type of items.
00:32:17.940So we went out and sourced out and actually are setting up farms here in central Pennsylvania.
00:32:24.280And we currently have over 800 head of cattle out on local family farms being raised for our stores.
00:32:31.020And they will be hitting the stores in just a few months.
00:32:51.800We had to get herd managers, nutritionists.
00:32:56.100They're well-tended cattle, you know, great Angus cattle that we're raising here.
00:33:01.900A lot of the farms used to be dairy farms that just couldn't keep it going in small dairy.
00:33:08.100So, you know, we gave them a way to raise beef cattle, which is a little easier than dairy, but farmers are still great people.
00:33:15.540The farmers are, I mean, the farmers right now, because of these big, you know, four big meat processing plants, which you'll never convince me they're not the mob.
00:33:46.080This is not, you're not going to some big industry.
00:33:51.040No, I've got, right now I've got 14 farms that are participating.
00:33:55.280We've got loads of farms that said they want to get involved in it.
00:33:58.260Each week we add more cattle and we're out.
00:34:01.500The biggest farm I have out there is just a hundred head of cattle.
00:34:07.400And what will the, what will the difference be in price between you and everybody else?
00:34:14.400Well, I will tell you, we are, are paying our farms, farmers a little bit more for their weight of gain than what they would be making on their own.
00:34:22.840So we're just hoping that there will be a break even point for us on the cost.
00:34:29.620We're not looking at this being a big savings.
00:34:32.440No, I meant for the, I meant for the consumer.
00:34:37.400Yeah, the consumer will not be seeing any price increase from this because of the way that we're doing it.
00:34:42.500There will not be big savings, you know, because corn, corn prices are up.
00:34:47.180You know, the cost of transportation to the, to the farms, getting this cattle out there is all up.
00:34:52.340Well, the good news is, is that we're, we have it.
00:34:55.720I'm so tired of living in a country that is, is saying, well, we're just going to have to get used to it.
00:35:00.240Since when people need to innovate like you are.
00:35:03.720And the best thing we can do is, is go local.
00:35:07.160What is the reaction from the community?
00:35:09.520I have to tell you, the community has been ecstatic about it, but you know, they keep asking me, when is the beef going to hit the markets?
00:35:17.620And we have, we have 10 stores here and that's the great part.
00:35:41.980And, and you're not having a pushback at all from the federal government.
00:35:45.240Cause I know, you know, I know about 10 years ago, those Amish making that butter.
00:35:51.560Federal government had a problem with that, but you're not getting pushback from the federal government.
00:35:56.060But we have gotten no pushback at all.
00:35:58.880Actually, I've gotten great, great cooperation from the Pennsylvania Department of Agriculture has been helping me find different sources and farms out there.
00:36:33.740Scott Carnes, he's the CEO, president of Carnes Food.
00:36:36.360That's, I think, around Harrisburg, a, a small, you know, group of, of grocery stores.
00:36:43.740These are the kinds of things that we need to be doing.
00:36:46.660We, the more we can focus locally, the better off we are.
00:36:52.160And it's, it's, you know, we, we, we put together a supply chain that once we all really understood the supply chain, didn't we all go, wait, really?
00:37:52.460The best thing we can do, as it may take five years to get the just in time supply chain back, if it ever really comes back, the best thing we can do is be self-sufficient.
00:38:04.860And you don't need the government's help on it.