Trump declares a National Emergency, ABC News fires its political director, and more! Glenn and Jason discuss it all on today s episode of Glenn Beck's new show, "The Glenn Beck Show" on the Blaze TV satellite channel.
00:02:10.860Most people don't know what Stripe is, but Stripe is extraordinarily important.
00:02:18.140Stripe is a processing, uh, system that if you are doing any kind of business online and it takes a credit card, it's usually done by Stripe or a couple of other companies.
00:02:30.060Uh, and if you don't have Stripe, you can't process anything online.
00:02:37.400Stripe is no longer processing payments for President Trump's campaign website, uh, or any of his, uh, you know, t-shirt sales or, or anything else.
00:02:49.160Shopify has taken down all Trump organization and Trump campaign stores offline.
00:02:55.060So Shopify, I mean, you can't process your credit card, um, and you can't even find the website or you can find the website, but they don't have anything for sale now because Shopify is also another, if you will, plug in, if you will, uh, that people use to sell stuff.
00:03:14.120So you got that going for you, uh, the ABC news political director, uh, said, um, I don't want to quote him here.
00:03:24.620Um, Trump will be the ex president in 13 days.
00:03:29.020The fact, the fact is that getting rid of Trump is the easiest part quoting cleansing.
00:03:37.020Cleansing the movement he commands is going to be something else.
00:10:28.200Yeah, well, we're a private company and we disagree with Facebook and Twitter,
00:10:33.700so we're blocking them on our service.
00:10:39.800Guess what Facebook and Twitter are doing.
00:10:43.240They're suing the Internet company up in Idaho because they say they don't have a right to say who could be on their platform and who can't.
00:10:51.340Even though they're a private company, they can't do that.
00:11:31.280They can block people because they don't like what they're doing and they can do it because they're a private company.
00:11:38.340But this Internet provider, they say no.
00:11:44.100And you know what Facebook says is that's why we need net neutrality.
00:11:49.340I get really worried about these restrictions.
00:11:53.920Let the private company do what they want.
00:11:57.180If the Idaho company wants to say you can't go on Twitter, which, by the way, they did give you the option of opting in to getting to Twitter or Facebook.
00:12:04.640They just changed the choice structure.
00:12:22.020Yeah, it's been a while since we've been a while since we've been on the, you know, the dangerous, the dangerous path of questioning Cass Sunstein.
00:12:31.380It's been a long time since we've been on that dangerous path.
00:12:33.920And my gosh, we've learned a lot since, haven't we?
00:12:40.000This is what I fear about this stuff, though, because you're right.
00:12:42.460Taking away the opportunity for a private company to do something stupid brings in the government, giving them the opportunity to do something stupid.
00:14:01.880And I'm really upset about Deutsche Bank, which I'm pretty sure is German, for no longer allowing any loans or any business to be done with any Donald Trump organization.
00:14:14.600That's not the right of that German Nazi, that German bank.
00:15:39.740So I wanted to talk to you about, now that it has broken, can you explain the bubble that the Trump administration popped, if you will, in 2017?
00:16:27.540So it came to light that Giancarlo, who was the former head of the CFTC, came out, Christopher Giancarlo, who came out and said, one of the untold stories of the past few years is that the CFTC, the Treasury, the SEC, and National Economic Council director at the time, Gary Cohen, believed that the launch of Bitcoin futures would have the impact of popping the Bitcoin bubble.
00:17:27.560Gold should be probably three to five thousand dollars an ounce if you had the restrictions on it, the fewer restrictions on it that we had in the 1980s.
00:17:38.120The concern here is, I mean, it was up to, what, 42 last week?
00:18:10.920I mean, if you look at stocks like Amazon, Apple, Google, when they were in their early growth phases, they would go through processes like this.
00:18:17.980Even Tesla, where it would be hated and then they'd knock it down and you'd get this exchange from weak hands to strong hands and then it would move up again.
00:18:26.440I'm actually very happy, Glenn, to see Bitcoin take a breather here because parabolic strength moves up don't happen.
00:18:36.580I would love to see even Bitcoin coming a little bit more, trade sideways for a few months, have people tell me I'm an idiot for buying it.
00:19:57.960I said, once these guys have the regulatory framework in place, they're going to come out and they are going to put their marketing machine behind Bitcoin.
00:20:06.280Citigroup, which three years ago said that Bitcoin was worthless, just came out and said that Bitcoin's going to go to $300,000.
00:20:21.600Of course, we always wish these things happened faster.
00:20:24.380But I would say anybody listening today is don't focus on the day-to-day.
00:20:28.980Focus on the trajectory of this asset and focus on the people that are buying it now.
00:20:33.880And the people that are buying it now are people like MassMutual that has $230 billion under management, 169-year-old insurance company.
00:20:42.060Companies like Michael Saylor has put a billion dollars into this through his public entity.
00:20:46.640The major banks that have now been given clearance to both custody, trade, and create products around crypto, which they could never do before.
00:20:57.800So now that they've figured out a way to make money from it, Glenn, guess what?
00:21:01.460They're going to write reports about it.
00:21:02.980They're going to get their clients into it.
00:21:04.640And you will see, again, I'm not going to paint myself in a corner like I did last time, but I think we will see $60,000 Bitcoin far faster than most people imagine.
00:21:16.580And at some point here, I'm not saying it's going to happen this year, but we'll see $100,000 Bitcoin.
00:21:22.120At the end of the day, there is no other asset that can hedge you the way that Bitcoin can.
00:21:28.920Sure, gold can to a certain extent, but gold's already a $10 trillion market, right?
00:21:34.020You're not going to see gold go up 10 or 12 or 15 or even 8x anytime soon.
00:21:39.820And as you said, gold's a political medal.
00:21:42.500It's really depressed by government, overt government policies.
00:21:48.100Bitcoin still has a great deal of freedom because it is decentralized.
00:22:53.140And I mean, it's hard assets like this.
00:22:58.720Everybody listening today, whether you buy Bitcoin or not, I would tell you, do you want to own an asset, cash, that got diluted by 23% last year?
00:23:08.620It's okay to dilute an asset if you've got offsetting growth.
00:25:18.820If I would have taken the small investment that I made three years ago, four years ago, whenever, it would have been worth $250 million today.
00:26:58.960The bottom line is there's never been – if you've had at least a three- to four-year time frame, there's never been a bad price to own Bitcoin.
00:28:02.740Let's just talk about the political landscape here for a second.
00:28:08.600You know, there's a national emergency that has been declared by the president.
00:28:12.640They are trying to impeach the president.
00:28:15.680The reason why he, in case you don't know this, I know you do, but in case the audience doesn't know this, the national emergency revolves around this big, you know, carry your guns to the state capitol next week and surround your state capitol and come armed to the inauguration.
00:28:36.540I mean, it's just a horrible idea that will end with the Second Amendment being decimated if, God forbid, there's any problems.
00:28:46.480Tell me about the political landscape and where do conservatives stand right now?
00:28:54.140Well, I think you have a couple of things going on here.
00:28:58.800You know, the first is obviously that the violence at the capitol was appalling.
00:29:02.940And I think, you know, those protesters failed at their goal.
00:29:06.140And the result will be to marginalize a lot of the voices that I think have very legitimate aims.
00:29:11.440And, you know, but I think that speaks to a broader point, which is that, look, I think, well, we should not condone what happened at the capitol.
00:29:20.380We should still seek to understand why thousands of people, you know, drove to the United States capitol, spent their own money, you know, to to bring legitimate legitimately held feelings of disenfranchisement, of, you know, grievance about how their politicians were not representing them.
00:29:37.340The majority of those people were not violent.
00:29:39.740And I think it's incumbent upon the Republican Party and Democrats as well to understand what it was that drove those people.
00:29:45.720Well, I said I said on Wednesday night, there are many reasons that need to be explored, but there are no excuses for what happened.
00:30:04.560And that's where I think you see now the opportunists on the Democratic side, in Congress, in the media, in levels of corporate power, basically using what happened as an excuse to do what they've always wanted to do, which is to silence their opposition, to silence any meaningful debate or trying to understand what happened, trying to find a clear way forward.
00:30:24.520They want these people out of public life, and they're going to use every lever of power that they control to do so.
00:30:30.220And that is going to serve to just inflame the situation, and it's going to bring more destruction, more marginalization at a time when we need to be doing some deep thinking about why this happened.
00:30:40.760So is there any moderating force at all in the Democratic Party?
00:30:47.100I mean, yesterday, I hear, oh, it's time for healing and coming together, and we're going to give, you know, the stimulus package to everybody except white men.
00:31:01.000Is there any moderating factor at all that we can count on or that we can hope for?
00:31:06.620This is the scary thing, is that it's very hard to point to any moderating influence at this point, because you have politicians, big, you know, Democratic politicians now working in tandem with corporations and the news media.
00:31:23.040So we're not just dealing with a political party here.
00:31:25.100We are dealing with an operation of collusive power to try to silence, you know, a group, not just individuals, but entire swaths of the American people because they hold views they don't like.
00:31:35.140There's a reason that Michelle Obama didn't go to Congress to say, shut down this rhetoric.
00:31:41.700She made a public appeal to Mark Zuckerberg to eliminate political opposition.
00:31:45.880Same with Joe Manchin, did the same thing.
00:31:47.960Alexandria Ocasio-Cortez tried to get Twitter to remove her previous tweets supporting protests.
00:31:53.680OK, this is the level of collusive power that we're seeing, and it's dangerous.
00:31:57.600OK, so let's let's stop there for a second, because you've just written a really great article on Section 230.
00:32:02.480You know, there's a lot of people that look now at the conservatives and they're like, you guys haven't done jack.
00:32:10.280You haven't done jack on any of this stuff.
00:32:12.580But they're kind of in a rock and a hard place because we don't want more government regulation.
00:32:17.940That, I think, is what Mark Zuckerberg wants.
00:32:20.940They want more regulation because they'll help write the bill.
00:32:24.520Section 230 is kind of this unicorn out there that we're all hoping, you know, that, you know, pigs can fly and wishes or horses that this will stop and and turn things around.
00:32:42.780Is there anything we can do that can stop them that won't bite us in the ass in the in the in the end?
00:32:48.660So I think the conversations around Section 230, you know, were useful and instructive because it is a government subsidy that goes to these industries.
00:32:57.480But to your point, I do think it presents a lot of challenges.
00:33:00.440And I think at this point, it's almost child's play.
00:33:03.260I think we've almost moved beyond Section 230 for reining in big tech.
00:33:07.080I think we've seen how powerful they are.
00:33:08.940And I if I I'm on the right and I'm screaming for antitrust enforcement after what those companies have done to Parler and other alternatives.
00:33:16.360Is there anyone? I mean, I know Elizabeth Warren wants, you know, harsh regulation.
00:33:21.880Is there anyone that's proposing anything on the left that we that is acceptable to us that you have seen?
00:33:29.940So I haven't seen anything on Section 230 that I think from a conservative perspective solves any problems for me.
00:33:53.220It's saying is there are there laws being broken in the market?
00:33:56.060If there are, we should prosecute those.
00:33:57.820We don't tolerate amnesty in any other area.
00:33:59.780Why should we tolerate it for big tech?
00:34:02.040And so there is some cooperation on that point.
00:34:04.420Congressman Ken Buck from Colorado is a Republican, a conservative member of the House Freedom Caucus, has really taken a leadership role on this front.
00:34:11.600He doesn't agree with some of what Democrats want to do, but he has proposed areas where I think Republicans, Democrats can work together because, look, these companies are now changing our democracy.
00:34:21.340They're changing the way that we live together and interact.
00:35:54.860It's tech doesn't isn't subject to the same liability that newspapers are, that other First Amendment actors are because of Section 230.
00:36:01.040They occupy a privileged position in many ways.
00:36:04.360And I think the hypocrisy that you're pointing to here is that, you know, ISPs, to a certain extent, operate like common carriers.
00:36:10.480You know, they can discriminate, but it's very difficult for them to do so.
00:36:14.040But again, you have Amazon Web Services, which is almost de facto a common carrier at this point, yet they don't have to operate by the same rules.
00:36:23.900And that is something I think that is going to be a point of debate on the right in the months to come is have these companies risen so powerful and become so, you know,
00:36:35.640the scale is so large that they now sort of control the public square.
00:36:40.740If that is true, should they be subject to some sort of responsibility, liability, compliance, responsibility that they aren't now?
00:36:47.400And that's, I think, going to be a question that's going to be posed to the right in the foreseeable future.
00:36:51.520Let me let me let me ask you a very important question.
00:36:58.380And if you're not if you have any doubt on on being exact in your language on this, just pass on the on the answer.