Coronavirus： The Economic Black Plague Is Just Beginning ｜ 3⧸9⧸20
Episode Stats
Length
2 hours and 1 minute
Words per Minute
148.57733
Summary
Glenn Beck speaks to you personally to prepare you for where we re headed and the worst thing you can do is panic. The stock market is already down 1,200 points in the futures market and it s going to be an interesting ride.
Transcript
00:00:00.000
Hello, America. It's Monday. Today, there is a lot to cover. Today, the stock market is already down in the futures market 1,200 points.
00:00:16.120
We may see the market stopped a couple of times, once, twice today. They already had to stop the futures from being sold, and it's going to be an interesting ride.
00:00:30.480
I have a lot of things to talk to you personally today to prepare you for where we're headed.
00:00:41.960
And the worst thing you can do is panic. The worst thing you can do, quite honestly, is to make this political in any way, shape, or form, and be very careful who you listen to.
00:00:55.620
Now is the time you must have your credibility. Now is the time that you need to know the facts and not panic.
00:01:05.760
We will have our coronavirus, our economic virus, and all the other viruses on the plate today for you to be able to consume in an understandable way and share with your friends.
00:01:25.620
So, I got my Hustler mower over the weekend, and it is fantastic. Fantastic.
00:01:35.080
I have a farm, and I've got about 12 acres here in the Dallas area.
00:01:45.160
The zero-turn Hustler turf, the Hustler zero-turn is like, they're the first people to make it.
00:01:52.980
If you don't know what a zero-turn is, you know, when you come up to a corner, you know, I have to have to go in, and, you know, you push in, and then you pull back out, push in, and pull back out, and you have to make those corners.
00:02:03.160
You save yourself so much time if you can just pivot.
00:02:09.300
So, it's a riding lawnmower, if you will, that can just pivot right there, and it saves a ton of time.
00:02:21.720
If you are looking for any kind of lawnmower, anything that you need to be able to do it commercially, or you just, you know, you're mowing the lawn yourself in front of your house, the lawnmower to have is a Hustler.
00:02:41.160
They have them from, you know, regular people all the way to, yeah, we're going to do 1,000 acres.
00:02:48.120
I mean, this is, these are the people who invented it.
00:03:01.660
Click on the radio offer button at the top of the right-hand corner and enter my name back in the box for warranty offer details.
00:03:22.860
I want to talk to you personally today, and I need to start here.
00:03:28.200
I would ask in all sincerity, and this isn't one of those things where you say, oh, yeah, I'll do that, and then you never do it.
00:03:39.400
I'm asking that you would keep me and our staff in your prayers every day for at least the next few weeks.
00:03:49.340
As I will talk to you about it here coming up on today's show, this is a show that you don't want to miss a single minute of.
00:03:59.540
If you do have to go into work or whatever, listen to it later on the podcast, just go back and pick it up.
00:04:07.680
Make sure you're listening to the podcast today.
00:04:09.700
There's a lot of really important information and a lot of personal information that I want to share with you.
00:04:17.000
And when I say personal, not about me, but I mean about us and you and things that will directly affect you.
00:04:24.480
And if you're a longtime listener of this program, if you've been with us through 2008 and all of all of those crisis,
00:04:32.220
this is the time you need to start listening to the program, and I would ask for your prayers because I do not want to say anything that is coming from me.
00:04:45.660
I want to be able to make sure that I know the difference between the Lord's voice and my voice and not mix those two up.
00:04:54.920
I am really torn inside, and it is something I haven't felt before, and that is I've always told you,
00:05:06.660
if you're a longtime listener of the program, you do not want to be with me on the Titanic because I am freaking out the entire trip to the iceberg.
00:05:15.180
But once we arrive at the iceberg, the place I told you we were going to hit, I told you,
00:05:20.980
the minute we hit the iceberg, you want me on the ship because I'm going to find the band, I'm going to find the lifeboats, I'm going to help organize,
00:05:32.000
I'm going to keep everybody fine until they're all on the boats.
00:05:38.620
And I'm really torn because intellectually, I see over the horizon of what this actually means.
00:05:49.260
And it's not the virus itself that concerns me.
00:05:55.420
It is the economic and global reset that I think is coming, and you're going to start seeing it today.
00:06:09.460
So I see all of this, and I'm going to take you through it.
00:06:12.700
But at the same time, I am fighting with myself because I feel like I need to tell you all of these things,
00:06:20.120
and you need to understand them so you can go out.
00:06:23.640
But I am hesitant to do it because the spiritual side of me is saying it's all okay.
00:06:32.980
And that usually only happens in my life through history.
00:06:40.480
They know whenever things get dicey, that's when I'm like, it's all okay.
00:06:49.300
I want you to know that and listen carefully to what I'm telling you.
00:06:56.300
First of all, our credibility, your credibility, your credibility with your family, our credibility on telling you things.
00:07:07.260
If we get something wrong, we will admit it first.
00:07:11.400
We will, as soon as we find out, we will correct it and we'll lead with it because credibility is everything.
00:07:18.780
Credibility with the media is so badly damaged right now, and they are only dogpiling.
00:07:26.480
Do we happen to have the MSNBC audio we just played it in the four-minute buzz of how they were speculating that this could be the thing?
00:07:35.100
This could be the thing that takes Donald Trump out.
00:07:51.140
I mean, Katrina was the moment when all the things that felt incredibly incompetent about the Bush presidency,
00:07:57.100
the appointment of Harriet Meyers to the Supreme Court, the botched attempt to pass Social Security privatization.
00:08:03.020
Stop. You don't need to even hear any more of this.
00:08:12.260
Then we thought then we thought we could get him on the Supreme Court.
00:08:15.400
It wasn't that then we thought we could get him on the on the women and we couldn't get that.
00:08:20.600
Then then then we thought we had him with that with that perfect phone call.
00:08:29.600
We are at a time right now where all Americans are going to be afraid.
00:08:40.780
All Americans are going to be impacted either economically or with actual health issues.
00:08:48.100
I tell you now, somebody said to me this morning, they walked in and said, how are you feeling?
00:08:56.400
OK, if you don't know, just real quick, CPAC came out.
00:09:00.840
I think it was on Friday and said it looks like somebody that was there is now been confirmed, has the coronavirus.
00:09:09.480
They weren't in the main hall, but they did go to several sessions.
00:09:13.900
One of them, the one of the people that met this individual was was Ted Cruz.
00:09:29.760
Look, we're all going to get this at some point.
00:09:35.800
They are saying anywhere between a 40 and 70 percent total of the globe population is going to have this.
00:09:47.900
Now, you add this for a year, for five years, because this isn't going away.
00:09:54.400
We're going to have a vaccine, but we're all going to get this.
00:10:02.380
They may get it, but no child under 18 has died.
00:10:07.320
The median age for being affected, really seriously impacted, is 60.
00:10:13.600
And that means you've got to go to the hospital.
00:10:16.320
It's a flu-like kind of illness for the vast majority of people.
00:10:28.060
Now, I have many friends and family members who are 80.
00:10:42.540
I'm approaching that median age of having to go to a hospital if you get it.
00:10:56.620
And yes, we'll lose some people along the way, but this is not the bubonic plague.
00:11:03.940
This is just a very nasty virus, and we will find a way through it.
00:11:11.660
But what you must pay attention to is the simple things.
00:11:20.760
By the way, Marissa said, you know we touch our face how many times a minute?
00:11:31.500
Well, there's another thing that I saw just last week where they're like, don't touch your face.
00:11:39.960
It was some crazy amount that you touch your face every...
00:11:49.340
All the things that we learned when we were five.
00:12:04.280
No relatives are coming over for Easter unless they live right around us.
00:12:14.240
I'll tell you what we're doing here as a business that you need to be aware of and you should be doing if your business.
00:12:20.200
But there are other things you have to prepare for.
00:12:22.360
The thing that you must prepare for right now is a financial impact.
00:12:31.800
We lost about a quarter of a trillion dollars in that year in GDP.
00:12:38.200
A quarter of a trillion dollars is how we were impacted.
00:12:43.520
This, the estimates are around a trillion dollars.
00:12:47.340
So, a lot more of an impact is coming on the economy.
00:12:54.960
And I want to explain that to you so you understand and so that you can tell your friends.
00:13:01.420
Because the Democrats, and I'm not saying that the Democrats are different.
00:13:06.740
If it was reversed, I'm sure the Republicans would be doing it too.
00:13:18.060
So, they are doing the bidding of the Democrats.
00:13:24.480
You need to understand what's coming with our economy.
00:13:35.720
I've talked about it on the show a few times before.
00:13:39.680
Texans have, well, we make different kind of people.
00:13:46.540
And she was out walking around about a year ago.
00:13:51.480
And her lower back and her legs, she was in tremendous pain.
00:13:57.500
Now, over the course of the past year, she just, you know, you kind of get to that point where you're like, is it, was it worth surviving this?
00:14:13.020
She said within a few weeks of trying her lower back, the pain began to melt away.
00:14:18.460
She found that her range of motion had begun to return.
00:14:24.960
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00:14:29.100
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00:14:33.400
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00:14:40.000
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00:14:54.960
All right, let me, I want to spend some time breaking down the economy, and then we'll go through what is also coming with the virus today.
00:15:18.180
A single conference where people have bought their tickets, they've got the airline, everything else.
00:15:30.360
Each of those presenters, each of those companies that put on conferences like this have put millions of dollars into it.
00:15:44.860
Let's spiderweb out, because this is the part that you really need to understand.
00:15:50.260
We must start to self-quarantine and not get sick, and I'll explain why that is so important.
00:16:04.020
I'm going to go into this on Wednesday, on our Wednesday night special.
00:16:07.160
It's critical that you understand what is happening and why we're having to quarantine ourselves.
00:16:15.740
Now, spiderweb, just the we can't go to a conference, just this one.
00:16:22.660
The loss of revenue for the airlines that would have flown them, the Ubers that would have shuttled everybody around, the hotels that would have housed them, the cleaning staff, the restaurants, the stores.
00:16:38.480
How about the shipping companies, the facility providers, the catering, the staffing, the local rental companies, the sound and lights, the security, all of the Ubers that would have taken those people around.
00:16:54.440
That's not even counting the tax revenue that is now lost by the city.
00:17:01.080
Think of that one conference and the impact that that one conference has.
00:17:14.360
You're New York and you have to cancel all the things that were happening at the convention center.
00:17:25.580
There are millions of these things that are quickly going to be canceled and are going to be part of our new normal.
00:17:33.800
The reason why it took us so long to cancel our cruise, everybody was like, we got to cancel that.
00:17:45.180
The answer is going to become very clear over the weekend.
00:17:54.420
Please do not take any of the details I'm giving you here.
00:18:01.700
If you were, if you were on that cruise, we're going to reschedule, et cetera, et cetera.
00:18:06.140
But just this weekend, the state department came out and said, you shouldn't be on a cruise.
00:18:14.680
Nobody wants to cancel these things because you don't a want to panic.
00:18:19.280
You also be, uh, uh, don't want to be on the cutting edge of freaking out.
00:18:31.360
You also don't want to be the one who's sending people on to a ship or to a convention and somebody gets sick.
00:18:47.640
You know, I went, Stu went, we talked about it.
00:19:03.240
So this is where things begin to hit the stock market.
00:19:41.100
See, the problem is, where do you pick it up again?
00:19:46.440
So do you panic and get out now if you're already, if you're still in, how much have you lost?
00:19:55.860
You've lost today at the opening bell, you will lose another 5%.
00:20:02.000
So where's the bottom and how fast does this turn around?
00:20:06.120
Because it all turns around the minute a vaccine is found and we can immunize people.
00:20:13.200
We're still going to have bumps in the road because of all of the things that have already been canceled.
00:20:53.180
What are the opportunities and what are the real costs that are coming?
00:21:15.680
American Financing NMLS 182334 www.nmlsconsumeraccess.org
00:21:21.840
You are going to, this is the prime time, prime time to be able to refi.
00:21:30.300
Now, as you will understand with the banking sector today, banks are freaking out.
00:21:38.240
It's going to be harder to get a loan in the coming weeks and months.
00:21:41.800
That's why I encourage you to do this now because the rates are so low that you're going to, and they're going to go lower.
00:21:49.660
You're going to be able to save thousands of dollars.
00:21:52.280
You could take a 30-year and go to a 15-year, and you'll be able to pay that thing off in half the time.
00:21:59.160
And you're not going to be raising your mortgage payment every month very much with interest rates the way they are currently.
00:22:07.600
Please get out of those high interest debt, credit cards, and mortgages.
00:22:18.840
Go to AmericanFinancing.net, 800-906-2440, 800-906-2440, AmericanFinancing.net.
00:22:29.000
All the latest on this this week at BlazeTV.com.
00:22:31.960
If you use the promo code GLENN, you'll get $10 off your subscription.
00:22:51.900
It's the largest drop in stock market history, far as points.
00:23:20.300
Marissa, who's in here, was just looking at us, reading this to us.
00:23:22.460
I think at 7%, they stop trading for 15 minutes, I believe.
00:23:27.080
If it goes down to 13%, they stop it for another 15 minutes.
00:23:30.540
If it goes down 20%, they close it for the day.
00:23:35.240
We're looking currently at the Dow, which is down 7.3%.
00:23:37.740
7.3% would be, if it finished here, would be the 13th biggest drop in history when it
00:23:48.980
However, as far as points go, it would be the biggest drop in history by about 50%.
00:24:03.360
There's some psychological value, I think, to that point.
00:24:07.260
But the biggest drop ever, you may remember this.
00:24:11.000
It's kind of, if you have a really good remembrance of history, you may remember this.
00:24:18.820
So I don't know if you can go back that far in your memory banks, but that was 1,190 points.
00:24:27.420
So, I mean, part of this, you're right, is the fact that the market is up so much that
00:24:32.120
these drops of 7% are a lot higher in point value.
00:24:36.080
That being said, still, there's a psychological, I mean, 1,800 points in what market's been
00:24:46.380
So, 7% for level one, level two, level three, it's 7, 13, and 20.
00:24:52.740
So, decline 7%, they just stopped the market for 15 minutes, let everybody catch their breath,
00:25:02.900
Then, if it opens, if it's down 13%, then they close it for another 15 minutes.
00:25:19.400
And the good news here is, is that if somebody announces a vaccine, this pops right back up.
00:25:36.820
Anybody who is listening going, I got to get my 401k, that's a freak out.
00:25:40.960
The numbers that have been coming and softening are twofold.
00:25:45.580
One, there needed to be about a 10 to 15% correction in the market.
00:25:55.320
So, maybe as high as 20% of the market, that's a pretty high one, but could have been just
00:26:03.560
Add on top of it, what's feared coming our way because of the consequences of isolation,
00:26:12.760
global travel, canceling everything, all of that stuff.
00:26:18.240
Because of that, you are looking at the Dow adding to that correction.
00:26:30.660
Yeah, I think this is the thing that I keep trying to talk people through when they ask
00:26:37.160
Because this is, of course, something that now, I don't know about you, Glenn, I was being
00:26:40.780
constantly, every time you go out to any gathering with people, you're asked constantly about
00:26:47.080
who's going to win the election, what's the election going to be.
00:26:49.340
That switched to coronavirus over the past week or two.
00:26:52.720
And one of the things that people, I think, get freaked out about is not, it's not the health
00:26:58.780
effects necessarily that are the thing to be worried about.
00:27:02.840
You can really make a legitimately logical case that the health scare is overblown with
00:27:12.480
The issue is the other side of it, which is the panic that is tied to that and the panic
00:27:18.460
and the steps that need to be taken by governments all around the world when it comes to breaking
00:27:24.420
up supply chains and things like that, create a legitimate and real financial problem, which
00:27:32.840
lists, which I, you know, not only leads to major problems when it comes to your 401k and,
00:27:39.640
you know, your potential job status and orders coming into your business and all of these things,
00:27:44.200
but also has a massive political effect as well.
00:27:47.540
You know, I mean, one of the strengths that the Trump presidency is hanging on here with,
00:27:51.400
with its, you know, you know, I think of being a slight favorite right now,
00:27:56.300
Trump for being reelected is based on, he has a very high approval rating when it comes to the
00:28:02.520
Now, look, a virus is not something that, that is, you can do anything about when you're
00:28:07.320
You can't go in there and he's not going in there and curing viruses and coming up with
00:28:12.300
vaccines himself. That being said, the perception of people, if there's any perception that anything
00:28:18.760
has gone wrong, that the president could have done better, which the media will do everything
00:28:25.220
Right. And, and when that does happen, he'll get blamed there. And I mean, this is why I
00:28:29.860
was so nervous about Sanders beating Biden. And I'm less nervous about that now. I don't,
00:28:34.300
I don't think it's going to happen, but this is, you know, you don't want Bernie Sanders
00:28:38.280
being the only other alternative when something like this is going on. It's something that's
00:28:42.240
completely out of control of the presidency. And we put that on such a pedestal.
00:28:50.400
You're looking at the president of the United States being either a socialist or a guy who
00:29:00.180
really is struggling to keep his own mental facilities. I mean, so I don't see us changing
00:29:11.760
horses unless the, unless the president is not on top of it, which I believe they are. Mike
00:29:20.840
Pence is on top of it. Remember when you watch the president, the president's job is to keep
00:29:28.220
calm. It is to promote domestic tranquility, especially in times of trouble. That's what
00:29:35.860
the fireside chats were about to promote domestic tranquility. The worst thing the president can do
00:29:44.060
is to send a message, not only to you, but to the rest of the world. We're panicked. We're freaking
00:29:51.140
out. There's a reason his job is to say nothing to worry about. And we've got it taken care of.
00:29:57.940
Mike Pence is the one you should be listening to on this. The president's job right now is to just
00:30:05.780
make sure that everybody feels normal and safe and no panic. Mike's job is to tell you all of the facts
00:30:15.020
and make sure the government is running its most efficient way. But you have to understand mistakes
00:30:21.960
are going to be made like crazy. We've never been through this before. We've never been through
00:30:29.120
this before. And anyone thinks that we're going to come out of this unscathed. The reason why the
00:30:35.840
market is panicking is not because of the coronavirus. It's because the world for the very first time said
00:30:44.160
quarantine, shut down cities over the weekend, Italy shut half of its population and said, don't get in
00:30:52.620
your car and drive. Don't get on a train. Don't get on a plane, not in a box, not with a fox. You're not
00:30:57.840
moving half of the population. Tell me historians in the audience. When's the last time you ever saw that
00:31:06.860
happen? Because I can't recall it. When you are closing borders, not in one country, but in multiple
00:31:17.940
countries, we don't, you know, we can't have a closed border. We shouldn't have border security.
00:31:24.140
Look at what they're doing all over the world. They're closing their borders.
00:31:29.040
When these things happen, we are trying now, the world is trying now to stop the spread of this.
00:31:41.640
And the reason why they're saying everyone stay home is not because we're all going to die,
00:31:48.420
but because we can't have the stress on the medical facilities. Stay home. Don't get sick.
00:31:59.040
A virus is coming. A vaccine is also coming. But in the meantime, everyone who has the sniffles,
00:32:09.040
everyone who has a fever, if you are in danger of not being able to breathe, if you have other
00:32:17.360
complications, if you are over 60, you have reason to be concerned. If you have other complications and
00:32:25.480
you're anywhere in your 70s and 80s, you have real concerns. Everyone else, please don't clog the
00:32:33.960
hospitals. Please don't freak out. We don't want to spread this because we don't want to hurt the
00:32:42.460
elderly population. But think of, think of what's going to happen in our health communities.
00:32:48.560
You're going to work at a nursing home. It's a job for you. Yeah, you're a nurse and yeah,
00:32:57.120
you wanted to do this, but it's still a job for you. You going to work? Are you going to work?
00:33:05.500
Because you know those patients are going to get it and if they get it, they die.
00:33:09.100
Are you going to work? Hopefully the answer is yes. But we're going to lose some people just in
00:33:19.620
nursing just because they don't want to get sick. We're going to lose people who are first responders
00:33:25.200
because they don't want to get sick. Then we're going to have to double up on those people that do
00:33:30.740
remain and they are going to get sick. And one of the reasons why they are going to get sick is
00:33:37.400
because everybody bought the N95 mask. Those first responders need them. You don't. Don't
00:33:46.700
believe this bullcrap that they don't work. Of course they work. Why do you think they're saying
00:33:51.440
the hospitals need them? Because the hospitals like it as a fashion statement? They work.
00:34:03.000
So all of this is designed to stop the stress on the medical community because we can't have
00:34:12.700
30 percent of our doctors and our nurses sick or out of play because then the whole thing
00:34:19.440
collapses. And it's not because it's capitalist. It would already be gone if it was socialist.
00:34:26.760
If Bernie Sanders had his way, you would already be having all kinds of shortages.
00:34:33.000
I want to show you what you need to know about your own business and your own economic future
00:34:46.060
and how you need to start preparing here in a few minutes. If you're going to miss any of this show
00:34:52.980
today, go and get it on a podcast. You can get it at iTunes or SoundCloud, wherever you get your
00:34:58.700
podcasts. Subscribe and get this podcast and be very well informed. All of the information we will
00:35:07.960
share with you today, I'm going to post at glennbeck.com as well. I want to tell you about
00:35:13.980
just the effects and how it's going to impact you, your business, your community, especially small
00:35:22.840
businesses. I'm going to show you things that you should do. We'll do that here coming up in just
00:35:29.440
a few minutes as the Dow begins to open up in just a few minutes. Dow has been, the stock market has
00:35:36.500
been closed temporarily for 15 minutes. So have you ever been out with your best gal at a skating rink
00:35:43.120
and just as wind beneath my wings gets that really emotional part. Oh, it's so great.
00:35:48.400
When I'm skating. Oh, it's beautiful. The big swell of emotion comes up and you get cocky. You try to
00:35:54.300
pull off some crazy move and then you kind of accidentally clothesline her and send her tail
00:35:58.160
first towards the hard wooden floor. You know, it's not, it's not great. It's embarrassing. Maybe
00:36:04.740
not as embarrassing though, as having to talk to your doctor about ED with Roman, you don't have to
00:36:08.800
worry about all of that face-to-face stuff because you can get a free online evaluation and go and
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All right, the stock market is open again. It is still going down. It's now at 1,900 points,
00:37:15.860
lost 7.5% loss. Its next stop is at 13% if it goes there. It seems to have taken a breath,
00:37:32.640
but we'll watch. This is not, so you know, this is not about the stock market. I mean,
00:37:39.620
if you're looking as an investor, Costco, Amazon, they're still going down. I don't know why,
00:37:46.320
but short-term, Costco, Amazon will go up. You want an investment? How about Clorox?
00:37:55.460
Clorox, if, what is it? How many of, half the products on the CDC list of must-haves are made
00:38:04.020
by Clorox? Another one is Zoom. They make telecom tools for meetings. There's one. That stock has
00:38:15.080
nearly doubled since December. Look for things like that, but this is not about the stock market.
00:38:30.020
This is about you and especially small businesses, and this is where the president needs to be laser
00:38:38.100
focused because it is the small businessman that is going to be hurt. The big banks, they're going to
00:38:46.000
get their money. They're going to be bailed out, but what about the small businessman? And at the top
00:38:53.700
of the hour, I'm going to go through just one business, just one business, and how that economic
00:39:01.920
impact. And it's a business, I'll bet you 80% of this audience uses every day. And just this one
00:39:10.880
business, small business, how it's going to be impacted. Then I would need you to extrapolate that
00:39:16.820
to how does that work in my life? By the way, it looks like that little pause has helped.
00:39:24.660
We've only lost 7%, so it is going at least temporarily at the right direction. If it hits 13%,
00:39:32.260
they'll stop the market again. A 20% drop, they'll close the market for the day. So it seems to be
00:39:40.480
this system that was put in after 2008 seems to be working to slow down people's panic. More in a
00:40:00.120
Stu, do you ever, did you ever have a problem with your, um, your hair?
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Do you ever have a problem with my hair? Yeah, yeah, yeah. I think it looks spectacular. No,
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I mean losing your hair. Did you ever go through that period where you're like, oh, dear God. Yeah,
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yeah. I think every guy goes through that at some point. You're just worried. Every time you see a
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out tomorrow. It's the worst. Um, look, guys freak out about every hair that is lost. And then you don't
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it's 50% or something like that. You're going to save a lot of money on your first prescription
00:41:35.060
Hello, America. Welcome to the Glenn Beck program, the Corona virus. It is not about the
00:41:42.060
virus as much as it is about the spreading of fear, the protecting of the medical community
00:41:49.220
and the one that's really going to impact all of us. Your cup of coffee at Starbucks. I'm going to show
00:41:57.100
you how your cup of coffee at Starbucks is going to radically change because of the Corona virus and
00:42:04.700
how it actually will affect you and everybody else who buys a cup of coffee every day at the Starbucks
00:42:12.060
or the Dunkin Donuts in one minute. This is the Glenn Beck program.
00:42:18.140
I have to tell you, my dog has completely changed. Uno is the happiest he's ever been. I mean,
00:42:27.740
first thing that happened was, uh, the, the forced marriage that we have, we forced him into with
00:42:34.740
Ella who was wicked. Uh, it made him miserable and he was not happy. And then we changed his food
00:42:43.640
and that changed a great deal. Then we did Vita smart. We did rough greens. We added this. This is
00:42:51.020
not a dog food. It's what you put in it. And he has completely changed. We were just talking about
00:42:57.860
it yesterday, looking at him and seeing him. I've never seen him wag his tail so much ever. I've never
00:43:04.540
seen him so active as he is right now. He's seven. We got him at three. He's more active now than he was
00:43:11.380
at three. He's a different dog. And we have rough greens to thank. This is one of the best things.
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Let me just make sure I'm yeah, this is the best thing I think we've ever done for our dog.
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Bar none. This has made a bigger change in him for the positive than anything else we've done,
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including, you know, the putting to sleep is his ex-wife, uh, rough greens, 14 day jumpstart
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challenge right now, 1495. See the difference in your dog in 14 days or less. You will see a
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difference. The longer we've been giving this to him, the more changes we're seeing. I mean,
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I've been given to him, I don't know, two, three months, and we're seeing even more changes today
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than we were originally. Go to rough greens.com slash back, but you'll see a huge difference in 14
00:44:00.040
days. Rough greens.com slash back, or just call them at eight, three, three, Glenn 33. Take care
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of your dog. Have them thrive, not just survive eight, three, three, Glenn 33 or rough greens.com
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slash back. On average, the average day in America, over 38 million people buy a cup of coffee at
00:44:25.540
Starbucks. Okay. That's a lot of people, 38 million people buy a cup of coffee every single day
00:44:32.600
at Starbucks. Now, Starbucks is a big company, but that store is a franchise. Now that's 10% of the
00:44:42.780
population in the United States. Starbucks stores are mostly owned by private people, franchise,
00:44:49.580
small business owners. They operate their store, but they, they own it under a license agreement,
00:44:55.480
from Starbucks corporate. And the average Starbucks, uh, franchise operates with a five to
00:45:02.540
seven percent margin. Now, what, what that means is after all of the operating costs, the supplies,
00:45:10.300
the electricity, the employee salary, the taxes, and everything else, that franchisee, that business
00:45:16.540
owner of that local Starbucks is making about five to seven percent of money at the end of the month.
00:45:23.960
Okay. That's their profit. Okay. That's their profit. They take home every month after all of the costs
00:45:27.880
are deducted from all of the sales. So to put it another way, to show you how little that margin is,
00:45:36.060
and that's a normal margin, but to show you how little that is, the average Starbucks owner, the
00:45:43.000
franchisee makes a profit based on only two days worth of operations every month, 28 days,
00:45:52.540
all the sales go just operating that place. Only two days a month is that rich business owner actually
00:46:02.240
making money. Okay. Now imagine that today, and if it hasn't already gone out, it's going to go out
00:46:11.720
to blaze employees today and to mercury employees. You get an email from your HR manager, maybe your CEO
00:46:19.460
at work. And you open it up today and it says, due to the risk of coronavirus, all employees are being
00:46:25.960
asked to work from home for the next two weeks, at least effective immediately. Have your laptop,
00:46:32.700
the internet is going to stay up. You've already made your Costco run for your canned goods,
00:46:37.820
your beans, your rice, plenty of toilet paper. In fact, too much toilet paper. What's the deal with
00:46:42.880
the toilet paper, America? Anyway, you're all set. Kids are going to stay home from school.
00:46:48.440
You update your Netflix and Disney plus subscriptions, and you prepare yourself mentally for a two week
00:46:54.960
bug in a semi quarantine at home. Local governments have not said anything about it yet. Other than,
00:47:02.740
you know, if you can just stay off the streets, you know, don't have a big, uh, you know, block party,
00:47:08.880
uh, you know, just, just don't congregate in large groups. And as a responsible America,
00:47:15.400
uh, we all look at each other and go, yeah, okay, that's reasonable. We'll do that.
00:47:21.880
Let's go back to Starbucks for a second. Foot traffic is now almost ground to a halt because
00:47:28.280
you're not going to work every morning. You're not, you're not going into a store to buy coffee.
00:47:34.680
You might go in there and buy the grounds so you can go and make it yourself, but you're not going
00:47:40.660
into the store to do it. You're not standing in line in local businesses that are heavily dependent
00:47:48.100
on daily cash sales. All of a sudden, a rapid overnight and sudden decline has dramatic consequences.
00:47:57.560
Operating costs of a store, they don't decline with foot traffic.
00:48:01.880
If you have brick and mortar, it still costs you the same amount to run your daily business when the
00:48:08.760
store is busy as it does when the store is empty. That's why you need that store to be packed all
00:48:12.740
the time. Employee salaries, the electricity to keep the lights on, the rent, the insurance,
00:48:17.460
the license fee to Starbucks corporate, the cost to brew the coffee, to bake the muffins.
00:48:22.940
They all, they're all the same. If you have a thousand customers or 10 customers,
00:48:27.700
but let me go back to the original idea here that you're only making money. You are only making
00:48:35.460
money two days a month. So if you have just a two week period with virtually no foot traffic,
00:48:44.040
it's devastating to you because you still have to pay all those bills.
00:48:48.180
So what do you do? Well, as a store owner, you start cutting back hours. You cut the shifts for
00:48:56.460
employees. You might even lay some workers off, move to skeleton crews. If it's more than two weeks,
00:49:03.020
the loss of work for hourly employees means they are not able to pay rent. They may not be able to
00:49:09.520
make their student loan payment or their car payment. They can't make a credit card payment
00:49:13.380
without ongoing sales coming in. The store owner has to dip into savings to cover the expenses.
00:49:20.020
He has to sell stocks, bonds, anything to raise cash to try to stay afloat, but he's being hit
00:49:27.400
by the stock market. He's already losing money. Think of all the things that you won't spend money on
00:49:34.360
during your just two week bug in at home. No trips to the movie theater who also have the same operating
00:49:40.060
costs, whether or not the theater is full or empty. They still have to pay the salaries. They still
00:49:44.340
have to pay licensing for showing the films, whether they're five people or a 500 while quarantined at
00:49:49.640
home. You're not stopping for gas. You're not buying Mountain Dew fountain drinks that you're guilty
00:49:54.840
pleasure on a Saturday morning while you're driving your kids to soccer practice. You're stopping at
00:49:59.440
that 7-Eleven. More than six million small businesses in America are heavily reliant on that daily foot
00:50:08.400
traffic. Customers walking into their store making a cash purchase. Online orders via Amazon is going
00:50:16.640
to have an uptick in the tens of millions because tens of millions of Americans and all over the world
00:50:23.060
are going to be forced to be bugging in. Some restaurants might see orders via food delivery
00:50:29.120
apps stay steady, but there are millions of businesses from laundromats to theaters to bars to
00:50:34.720
Starbucks stores to convention centers to concerts. They rely on classic consumerism to stay afloat.
00:50:48.220
None of this, you will notice, has anything to do with the president or Washington or anybody in the media.
00:51:02.120
So this is the catastrophic butterfly effect of COVID-19.
00:51:10.020
This is the thing that keeps me up over the last couple of weeks. The death we all get.
00:51:17.580
We probably are going to lose some friends or grandparents or parents. We might. We're going to
00:51:26.160
all lose somebody we know. But it's not. It's not a. It's not the black plague.
00:51:35.260
It could be the black plague. And this is why the market is doing what it's doing today.
00:51:44.740
A massive change in consumer behavior will have an outside outsized effect on different parts of
00:51:52.800
the economy that rely on regular steady income. If you're not driving to work, you're not buying gas.
00:52:01.180
So you got that. But you're also not putting more miles on your car. You're not having the problems
00:52:05.340
that might. So now your mechanics, everyone, everyone depends on everyone going to work.
00:52:14.720
Six million businesses in America need that cash and that foot traffic every day.
00:52:20.380
That's 78 million employees that fall into this category. This according to the Chamber of Commerce.
00:52:27.940
If America is forced to shut down for any kind of self-isolation at home and spending shifts
00:52:38.700
with 78 million people who are waiting for your phone call or your trip in, if that spending shifts
00:52:46.240
online, the direct economic impact to small businesses, which is the backbone of our country,
00:52:55.240
has lasting effects. Most businesses have 45 days of operating capital at any given time.
00:53:03.040
A multi-week disruption has severe cascading effects, layoffs, loss in wages, stores will close,
00:53:12.460
higher unemployment. All of these things are so far beyond politics because real people's pain.
00:53:20.580
Everybody's going to talk about the stock market today. It's now down 1400 points.
00:53:29.220
It opened 5% down. It closed within the first six minutes and took a 15 minute breather.
00:53:39.580
Everyone's going to talk about that. You need to think about your one cup of coffee, wherever it is you buy it.
00:53:48.280
You need to think about all the things that you do on the way to work.
00:53:53.280
We are barely beginning to feel the effects of COVID-19.
00:53:57.820
Many businesses in America, the economic contagion is going to be worse than the virus itself.
00:54:09.800
Amazon, Netflix, Clorox, they're going to be fine.
00:54:14.120
There's going to be pain on Wall Street today, but there's going to be a lot of pain on Wall Street.
00:54:18.600
There already is for people who have to sell stuff because they bought on margin again,
00:54:22.820
again, like a dummy, like they didn't think this one through and they didn't have the money.
00:54:33.620
But the pain on Main Street is the one that's really going to be felt.
00:54:38.300
And it was felt last time and our big government bailed out all the big guys and forgot about Main Street.
00:54:48.360
What you're seeing in Korea and China and Japan and Italy and even in Seattle are indicators that the localized shutdown of foot traffic due to COVID-19 is what we are really going to have to endure.
00:55:05.260
This is where we need to see people and not numbers.
00:55:18.360
The world of the cybercriminal grows in technological prowess every single day.
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But ransomware, I got your ransomware right here.
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You when ransom actually ransomware is probably sounds the salesman's more like this.
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You put on little girl's computer and everything is fine.
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There are people that want to take what you have.
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It's important to understand how cybercrime is affecting our lives.
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Somebody's identity is stolen every two seconds and you could miss something if you're only monitoring your credit.
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They'll detect a wide range of identity threats.
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Your social security number for sale on the dark web.
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If there is a problem, the agents work to fix it.
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I just I'm sorry, but I I'm riddled with ADD and I think a million things at the same time.
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Something really important is well, I just looked at the calendar.
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I was going to say we're going to do it an hour three, but we're not.
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Then at the in 10 minutes, I'm going to share something that's really, really important.
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Anyway, one eight hundred life lock one eight hundred life lock or life lock dot com promo code back.
00:57:12.860
What a difference a day makes in today's world, huh?
00:57:15.920
So can we talk about politics here for a second?
00:57:22.000
There's a bunch of states that come up tomorrow.
00:57:24.740
Michigan being kind of the big ticket that everyone's talking about.
00:57:28.400
Michigan, if you remember, was a big surprise win for Bernie Sanders over Hillary.
00:57:34.400
The last polls came in with, you know, by Bernie down something like 20 points, 25 points.
00:57:43.240
And it was a big moment in that particular primary.
00:57:46.540
So tomorrow we have Idaho, Michigan, Mississippi, Missouri, North Dakota and Washington.
00:57:52.280
Sanders won four of those six states back in 2016.
00:58:07.020
I mean, the polls look terrible for him at this very moment.
00:58:14.440
You know, the who will win the primary now is as far as a majority of delegates, no contested
00:58:24.460
And that's because the polling looks so very good for Joe Biden.
00:58:30.940
That is a relief to anybody who likes the free market because the president, they're going to kill him.
00:58:37.160
They're going to kill him in the press on coronavirus.
00:58:41.480
The president has to be as mistake free as possible.
00:58:46.980
Have you read anywhere about how Biden, Sanders, anybody in the Democrats that they're canceling their their rallies?
00:58:56.940
Have you read or heard anywhere that the president is just being so irresponsible, not canceling any of his rallies?
00:59:10.360
How come he's the only one getting slammed for this?
00:59:13.800
Because they're going to do everything they can to make him look irresponsible.
00:59:18.780
They actually were saying this proves he doesn't care about his his people.
00:59:28.100
I mean, and I think he believes that the he believes, like I do, that the the medical part of this, the actual virus is the least of our worries in this.
00:59:46.560
If you have the issue of potentially being quarantined, if you were to leave country and come back in,
00:59:51.920
then you have the issue of massive economic disruption, which we're seeing, obviously, the last couple of weeks.
01:00:00.880
You will see, though, of course, people are actually dying and are dying.
01:00:05.700
So I feel like I'm just going to say this maybe once a day.
01:00:10.520
This is not to diminish, diminish the people who are dying, especially.
01:00:15.280
I mean, I'm in the age group that is the most susceptible.
01:00:20.140
Sixty is the median age of where it starts to get dangerous for people.
01:00:32.180
Eighty is where and I don't want to lose any 80 or we I don't lose anybody in my life to this.
01:00:39.060
OK, so we all know that we all know that, but it's not the bubonic plague.
01:00:47.000
And what we're doing to try to make sure it doesn't spread so we don't collapse our medical system before we even need them.
01:00:58.260
And you've got to stay away from the press who I mean, do you not get it yet?
01:01:10.640
How did you build this empire being this stupid?
01:01:20.780
And now you're gleefully jumping on to say, oh, look, it shows he doesn't care about his supporters.
01:01:32.120
Do you realize how important credibility is right now?
01:01:36.400
If you have a global pandemic, we have to trust what people say.
01:01:42.560
And you are destroying all trust with the administration.
01:01:47.320
You're destroying all trust of anybody in the media because you're making it all about politics.
01:01:56.640
People are like, oh, well, the Democrats are trying to hype this just to take down the economy.
01:02:07.420
So it's I don't think it's that they're hyping it to take down the economy.
01:02:11.680
But no, they're trying to take down Donald Trump.
01:02:14.140
But a couple of I don't think they're hyping it, though.
01:02:22.300
However, after a couple of whiskeys on Friday night, journalists together absolutely are looking at this as the positive outcome.
01:02:33.300
Look, there's this could be really bad, but at least Trump would be hurt by it.
01:02:41.220
You said it probably would be said by us, you know, on our side, by some members of the press as well.
01:02:48.680
If the roles were reversed, we just don't want to be those people on either side.
01:02:55.820
So I just got the I just got the new Hustler lawnmower.
01:03:00.760
And oh, my gosh, this is the greatest thing ever.
01:03:09.080
Yeah, I like it when it mowed, too, especially in the summer months.
01:03:11.380
I like when it's mowed, but there is something about like I love, you know, when I'm on the farm, just, you know, creating the dirt roads or plowing the fields.
01:03:28.160
This Hustler is I mean, these guys, they're the ones who really started the whole zero turn thing.
01:03:33.740
They've been doing it since, you know, I was born.
01:03:38.540
They used to make only just big commercial grade stuff that just would last forever and ever and ever.
01:03:45.180
And then they decided, why don't we just make smaller versions of this that last forever and ever and ever for people's houses?
01:03:51.820
It's the best lawnmower by far I've ever even seen.
01:04:02.680
Enter my promo code Beck and you're going to get all kinds of extra deals.
01:04:29.960
If you missed any part of the day show, please listen to it on podcast.
01:04:34.120
This is especially if you're a long term listener, you've been through it with 2008 and and all of the trouble that we've had.
01:04:41.580
If you were watching me on Fox and you heard my predictions of what's to come, we are now entering those days.
01:04:48.700
And I'm going to remind you over the next few days of some of the things we've talked about.
01:05:00.280
I'm sorry to get all religious on you, but I have always felt impressed by the warnings in Ezekiel.
01:05:08.200
Those who have a view over the horizon, over the wall, and they can see trouble coming.
01:05:13.740
If you warn, then the people what the people choose to do is their own issue.
01:05:20.440
If you don't warn, God's got a problem with you.
01:05:25.020
As somebody who has a footprint in this country of about 50 million people a month, that is terrifying to me.
01:05:44.940
I'm not going to continue to warn you about the things because there's new things coming over the horizon and new things that we have to do.
01:05:52.080
And one of the things that I have to do is make sure that everyone understands this is not the black plague.
01:06:01.660
But don't dismiss this because it is going to cause hardship.
01:06:07.260
In something I am going to be relentlessly mocked for.
01:06:29.040
We are doing restoring the covenant in Gettysburg.
01:06:34.200
Whether that remains in place will be decided by whether this is a seasonal flu or not.
01:06:41.780
If it's not a seasonal flu, we're not going to be gathering in big crowds until there is a vaccine.
01:06:48.160
But everything we are proceeding as though this is a seasonal flu.
01:06:53.800
But I will tell you that this has been on my mind for a long time.
01:07:05.240
The covenant is something that has protected our country.
01:07:09.260
It was made by the pilgrims when they first came here.
01:07:15.480
And then the last time it was made was with Abraham Lincoln in 1863.
01:07:22.780
And the turnaround at Gettysburg was tremendous.
01:07:27.360
He declared a covenant that we had to make as individuals, not just as a country, as individuals.
01:07:36.600
And we went from losing every battle to winning every battle.
01:07:49.240
I want to read this this proclamation that Lincoln made.
01:07:58.280
And I would ask that you would take this to heart and you would do this.
01:08:04.560
But I would ask that you and your family meet and do this today.
01:08:12.560
I'm just going to read two paragraphs from this proclamation.
01:08:17.280
Whereas it is the duty of nations as well as of men to own their dependence upon the overruling power of God,
01:08:27.580
to confess their sins and transgressions in humble sorrow,
01:08:32.220
yet with assured hope that genuine repentance will lead to mercy and pardon,
01:08:37.060
and to recognize the sublime truth announced in his holy scriptures and proven by all history
01:08:43.960
that those nations only are blessed whose God is the Lord.
01:09:02.580
nations like individuals are subjected to punishments and chastisements in this world.
01:09:08.900
May we not justly fear that the awful calamity of civil war,
01:09:14.020
I would just say the awful calamity that we are all facing,
01:09:26.900
may be but a punishment inflicted upon us for our presumptuous sins
01:09:31.880
to the needful end of our national reformation as a whole people.
01:09:37.780
We've been the recipients of the choicest bounties of heaven.
01:09:41.840
Have we not been the recipients of the best men have ever seen in the history of all mankind?
01:10:02.120
You're lying to yourself or you're living in self-imposed ignorance.
01:10:08.320
We have been the recipients of the choicest bounties of heaven.
01:10:11.840
We have been preserved these many years in peace and prosperity.
01:10:16.580
We have grown in numbers and wealth and power as no other nation has ever grown.
01:10:26.640
We have forgotten the gracious hand which preserved us in peace
01:10:30.920
and multiplied and enriched and strengthened us.
01:10:34.320
And we have vainly imagined in the deceitfulness of our own hearts
01:10:39.200
that all of these blessings were produced by some superior wisdom or virtue of our own.
01:10:50.800
we have become too self-sufficient to feel the necessity of redeeming and preserving grace.
01:11:06.580
It behooves us then to humble ourselves before the offended power
01:11:19.120
I do not believe in punishments like so many people believe.
01:11:36.960
The most just system is one where there's not somebody saying,
01:11:43.720
The punishment is just built into your actions.
01:11:47.740
When you stray away from truth and you start believing and propagating lies,
01:11:58.380
just because you are breaking the laws of nature.
01:12:08.120
oh my gosh, Glenn Beck's called for the end of the world.
01:12:25.920
All I did was read the words of Abraham Lincoln.
01:12:29.680
It's not a coincidence that his name was Abraham.
01:13:12.340
But I feel compelled to tell you that we may do that on July 4th,
01:13:19.160
whether we're together virtually or we're together in Gettysburg.
01:13:23.120
I think we're going to be together in Gettysburg.
01:13:32.640
every person within the sound of my voice that believes in God
01:13:43.020
rain down upon us because this is a sacred land.
01:13:50.060
It's been a covenant that we've made and we've broken it.
01:14:12.820
We are in a place to where the world looks very unstable
01:14:19.940
and you're going to witness things that you've not seen before.
01:53:57.580
advantage of us over the weekend and the where it
01:54:01.980
really started was russia i want to give you what
01:54:06.240
happened this weekend with russia and saudi arabia how
01:54:11.240
that short term is really good for you how long term
01:54:14.460
it's not but saudi arabia became so aggressive it's a it's a war
01:54:19.480
between putin and saudi arabia right now and as crazy as putin is
01:54:25.340
don't go to war with a group of people that behead people or put people in
01:54:30.260
blenders i mean putin has his match in the new uh saudi prince or just
01:54:36.900
randomly every other month seems to just capture and kidnap multiple family
01:54:41.280
members and take all their their wealth which they did again this weekend
01:54:44.280
there is something really really dangerous going on between russia and
01:54:50.980
short term we hope that it only lasts short term i'll explain it to you coming
01:54:55.780
given the choice between the easy way and the hard way most people will
01:55:01.360
always always go for the easy way that's why given the choice any day of
01:55:07.780
the week i'd rather sit than jog unfortunately that
01:55:11.920
catches up to you in the end this is the same thing with the cyber world
01:55:16.280
we have cyber crime and it's easier to take what somebody else has than work for
01:55:21.800
it yourself and unsecured public wi-fi if you're using unsecured public wi-fi
01:55:29.480
you're in trouble even if it's password protected you are vulnerable to this
01:55:34.180
this is why you need norton 360 in your life i had the basic norton 360 and i was
01:55:40.060
up at cpac and some things happen um and uh i upgraded to the ultimate package of
01:55:46.040
norton 360 just because you need to secure your life and it is worth every dime
01:55:53.240
norton with norton 360 you get a vpn to help uh block the hackers from stealing personal
01:55:59.140
information and companies from tracking your online services bank grade encryption real-time
01:56:05.200
security for your devices safe cam to block people from taking over your webcam without you
01:56:10.760
knowing it can't provide all cyber crime but this is the toolbox that you need it has
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everything in it new norton 360 an integrated solution to help protect all of your devices
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save up to 50 off your first year with the annual subscription at norton.com slash beck that's
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norton.com slash beck for 50 off now you're listening to glenn beck
01:56:35.040
welcome to the program really glad that uh you are here today there's a couple of things i want
01:56:50.040
you to think about we'll talk about this more tomorrow i want you to think about trip wires trip
01:56:54.760
wires for your family for your business you know everything what are the trip wires and what here's
01:57:00.160
what i mean by that um for instance i run the mercury studios here and and we have the blaze and and
01:57:08.000
these shows and every all these different shows that record here at the studios and so today i'm thinking
01:57:14.460
what are the trip wires and um one of the trip wires is if anybody has autoimmune real autoimmune problems
01:57:22.440
uh we have some people that have been on chemo so their immune system is is uh suppressed uh have
01:57:29.960
somebody else on another medication that suppresses their immune system they should not come in anymore
01:57:35.420
not for the safety of others but for the safety of them so if you are if you are on an autoimmune
01:57:41.880
suppressant or i mean if you have an autoimmune disorder if you're an immune system depressant or
01:57:47.900
chemo or something your doctor has probably already said this but stay away don't go to work work from
01:57:56.000
home if you can don't be in crowds etc that's the first trip wire the people who are you know most uh
01:58:04.020
vulnerable vulnerable the next one is can you work from home do you are you essential or can you work
01:58:14.000
from home can you do all of your stuff from home if you can you should then you get into all right now
01:58:23.480
we're gonna have to start making some real choices uh and every business should do this you should see
01:58:31.000
just where you are on the food chain you know what i mean uh for instance here at this studio if our talent
01:58:38.420
gets sick there is no show if our tech people get sick there is no show because talent needs tech and
01:58:46.740
tech needs talent you know what i mean so what are we going to do to protect that infrastructure all the
01:58:52.640
way down to when you have critical infrastructure who is absolutely required to be there and can you work
01:59:02.040
like firemen can you stay in shifts so it's one one person or a couple of people that are there and
01:59:08.920
they're there for a week and then another shift comes in and they're there for a week and i mean sleep
01:59:14.400
eat everything there and that's a cataclysmic situation that's when you start to get cities that
01:59:21.120
are saying everybody should stay home yeah that's when you start that's tripway i mean these are extreme
01:59:26.400
tripwires but you have to understand that soon i believe in parts of the country hopefully not all
01:59:33.820
of the country but in parts of the country you may be told you're not going anywhere just like italy
01:59:40.700
half of italy was told you're not getting into your car you're not driving anywhere you're not going
01:59:45.340
anybody's house or anything where you are is where you are so if you're not where you want to be
01:59:53.480
right now you should get to where you want to be because that could happen quickly one other thing
02:00:02.120
this is short-term good news when energy is cheap america does really well energy is really cheap in fact
02:00:11.160
oil prices now are 28 a barrel that is cataclysmic for west texas texas in general because of all of our
02:00:22.720
oil you can't make money at 28 a barrel um russia i think has to have i i think to cover their expenses
02:00:30.200
and run their country it has to be 80 but to cover just the getting it out and and refining it to some
02:00:36.760
degree and putting it into a barrel is i think 30 or 40 a barrel what happened was the crown prince of
02:00:44.440
saudi arabia called opec and opec plus nations together over the weekend on friday and russia said
02:00:52.800
no we're not we're not we're not we're not going to play uh games uh with you so saudi arabia went
02:01:02.100
into a scorched earth policy and they ordered saudi oil production to maximum output and they are trying
02:01:09.680
to crush russia right now russia is trying to crush us and we're kind of sitting in the crossfire but
02:01:18.200
there is an economic war going on right now more tomorrow