RADIOJune 10, 2024

Alex Jones & Glenn Beck WARN: Trump is the Next Lawfare Target

In a surprise move, Alex Jones has agreed to liquidate his ownership of Infowars. He joins as a guest on the Glenn Beck Program for the first time to explain why: Just a few days ago, according to Alex, the chief restructuring officer overseeing Infowars after his $1.5 billion Sandy Hook case “got so desperate” that he tried to go around the court and seize Infowars. But this is just the latest stage in a massive series of lawfare attacks against him, Glenn and Alex believe, which also included an attempt to get Alex to “sell out” and let a board control Infowars. So, why are they trying to destroy him? Glenn argues that Alex was the guinea pig for the Left’s lawfare machine that it’s now turning against former president Donald Trump...and then, against the American people. So, what’s next for Infowars? Why did they try to silence him NOW? And is the Left now beta-testing a new kind of attack that’s “outside the law?”

Transcript

Below is a rush transcript that may contain errors

GLENN: This weekend, I read that Alex Jones is having to divest himself of Infowars, released his share in it.

I don't know what that exactly means. He also said that the feds were going to seize it, if he didn't do something.

I read that yesterday.

We wanted to have Alex Jones on.

We have a podcast planned in September. So I want to kind of keep this narrow here, on what's going on, with him. Because I think this is -- I think this is -- he was the guy, the left tried law fare out on.

You know, the -- the early days of boycott, Sharyl Attkisson said, that trying to get somebody off a network and mainstream media. They tried to perfect that on me.

I was their -- their first real to guinea pig.

I think Alex Jones was the first guinea pig in lawfare. And it's exactly the same thing that's happening to Donald Trump now.

This is -- this is the way they're going to fight in the future.

And if anybody thinks.

You know, whatever you think of Alex Jones. What he said. He's apologized for.

And he said, he shouldn't do it. Their damages. I don't know.

But certainly, not 1.5 billion. What is Dr. Evil.

Was he in the jury box.

What the hell was that?

$1.5 billion. We talk to Alex Jones.

So, Alex. What -- what is going to happen now?

Because I read you are going to sale your assets. But if you sell. There's nothing left.

And, you know, who is going to -- honestly, Infowars without you, is nothing.

You are the asset of Infowars. So what -- what do you have -- are they forcing you to sell all of this stuff?

ALEX: Yes. And thanks for letting me give you the backstory so it makes sense.

So I told you exactly what is happening. Okay. I'm an LLC sole proprietorship. And so I own 100 percent of the shares of the company. That's why under law, the CRO cannot just shut this place down.

That's illegal. And so that's what my lawyers have told them. So I agree to pay 55 million over ten years. Which is protected. What extra revenue there would be. They said, no.

We want a board. We want to control what he says.

This is in meetings he had. But I couldn't talk about it, until outside of me, they now told my lawyers, a few weeks ago.

Right to their faces. My lawyers said, you can talk about it now. We can't believe it. They want you to start by talking about the Second Amendment.

They wanted me to he sell out.

So they told lawyers. They told Reuters, the most accurate story out there.

Some of it is wrong. It's still pretty much true.

The headline is: Sandy Hook families agree to Alex Jones' bankruptcy liquidation. Well, they had already filed for that.

And then in the article, they say, while liquidation will yield only a fraction of the money he owes the families. They have objected to his proposal, because it would have kept him in control of both Infowars and his wealth for years.

While also tapping the total amount to be paid towards the defamation claim. So they refused. And it goes on, that they wanted to have a board control this place. That they appointed, where I would work with them.

And, of course, if I would play ball. Then, of course, I can make money.

So my operation has been taken over. For whatever reason, they decided to try to shut it down eight days ago, outside of court. Which is totally insane. Because they feel like, well, this guy is a target. And we can do what we want.

And now they're so panicked to get me off the air, for whatever is coming for the rest of the country. So that's what's happening. So what's going to go down is, the judge will either give it back to me on Friday.

And it will just come to the state and shut it down, in a week or quicker. Because Austin is as bad as New York or DC. One of the worst in the country. I'm going to move out of here. Even though my family is from here.

GLENN: Austin is awful.

ALEX: It is. It is. It's all woke. Soros controls the DA on record --

GLENN: Yeah, it's awful.

ALEX: It's totally controlled.

So Infowars will --

GLENN: So hold on. Hold on just a second. I'm sorry to do this to you, Alex. I have to take another network break. Back with Alex Jones to see where he's headed they can say. What his options are.

And where the country is headed. Because of all of this.

Make no mistake. What they did to Trump, they first tried on Alex Jones.

And they will do anything to silence anyone that has impact.

For the first time, I've asked Alex Jones to come on the program.

I know Stu heard inklings of this last week, and did probably about 20 minutes of tremendous defense of -- of you, Alex. On this whole case.

Being just nothing, but -- just a show trial. That's all it is.

What they did to Donald Trump. They first tried out on you. And they're still going for it.

So I don't understand how a judge could suggest that we violate your First Amendment right, by forcing you to not talk about the Second Amendment. I don't know how that's even possible.

But is this something that they suggested, will stop demanding the billion dollars, billion and a half dollars, if you let us control what you say and don't say?

ALEX: Yes. Before I got sued, now six years ago, I was in DC for meetings. And I had meetings with some of the Bilderberg members. Some major billionaires. I'm sure you got reached out to by as well, when you were exposing Soros and trailblazing on Fox, before they targeted you. And they literally would beat around the bush. And say, well, this major billionaire, richest man at the world around the time, he wants to give you $50 million a year for a free speech foundation. And you can still do your show, if you just talk to us about, you know, cleaning up what you do. And so it was all thinly veiled payoffs.

And then when I wouldn't do it, that's when they cooked all this up. And the project veritas spin-off group. FBI. CIA agents all admitted, bragging how they engineered all this.

And then, again, even in the Sandy Hook show trial case, they got the FBI agent up, won $95 million from me. I never said his name. Didn't knew who he was, until he sued me.

And he said, the reason he was suing, was one person called him office, that was real one time. But he admitted that he basically helped organize, organize all of this. So as we said before on the break. This is all about targeting the American people.

But even in Connecticut and Texas. This is all on TV. This is all on the record.

The lawyers for the case, this all worked for high-powered Democratic law firms. The same ones suing you on Musk right now.

They went on TV at press conferences when they won. Because the judge already said they won.

But definitely on our show trial.

Never sent Alex Jones money. Don't buy his products. We don't want money. We want to shut him down.

And so they make good on this. The judge is appointed by Trump.

He's just following the law. They won't settle.

So they have this judgment.

And so he said, he was just kicking back in the state court.

Which they'll just instantly grab on operations. Or they have to settle. And they just admitted in the newspapers, they don't want money.

He's a bad person. We want him off-air. They're so arrogant. Just like what we see with AOC, and a bunch of other Democrats last month. Say, we have to keep Trump in court, so he can't campaign.

And said, it's an ankle bracelet. So they're so pained. But also a mix of hubris at the same time. They're admitting what they're doing.

That's what -- what -- is so crazy.

STU: But, Alex, they can't -- I mean, maybe they can.

They can't hold a judgment, that you have no way to ever pay. Nobody -- no individual -- you know, unless you're Bill Gates.

Is paying $1.5 billion in a judgment.

Especially this one.

And I contend. No matter what, Bill Gates could have been on pedophile island, on TV. Doing whatever he was doing.

And he still wouldn't have to pay 1.5 billion, for that.

And I'm obviously not saying he was doing anything on pedophile island.

I'm just making that as an example.

Anyway, so they can't keep -- they can't force you to not make any money at what you do for a living. Can they? For the rest of your life?

JULIO: No, you're totally right. They're showing they don't want money.

But let me just explain this quickly. One week after they won the fake show trial, where the judge already said I was guilty. She issued an order, to seize all my assets. Even stuff under the Texas Constitution on my house. That was protected. And immediately ordered me to, quote, bring all my property and my keys to Connecticut or face imprisonment. That's why I had to file bankruptcy, hoping the federal courts would be better. So the last two years, I've been battling there. Then they got so desperate eight, nine days ago. Two Fridays ago, to literally have the federally appointed COO close the and building kick me out. So that's the level of this.

And that's why I go back to this, Glenn. This is totally desperate. You're absolutely right. They beta tested getting people off networks with you. They bragged about it.

They made a test against the law fare against me for Trump. Now they're beta testing, just grabbing stuff outside of law. That's -- this is just -- it's probably said a thousand times.

They're not trying to get me. They're trying to get through me, to get to you.

And that's why -- I'm a canary in the coal mine. They take me in the big audience. I'm also flamboyant. I've been on here thirty years, and you can dredge up some stuff and make me look nuts.

Because I have said I wasn't joking around or whatever, being a jerk. That I'm a different guy.

That's taught me a lot. Before this, I was already cleaning up my act. But now, I'm like a totally different gray-haired attitude, who just tries to do a professional show.

And these people are so wild-eyed they don't care. So I appreciate you standing up for the first Amendment. I don't know where I'll be. I haven't entertained other jobs.

I've tried to save this. I feel like I have a family member that's on death's bed. People can find me @RealAlexJones on X.

And, you know, they've said they will hunt me down, and try to shut me down. No matter where I go.

But the law is very clear in Texas, and federally.

I will be able to work for somebody in the future. Glenn, with this billion and a half dollar fake judgment, I won't be able to ever own the company, which is fine with me.

But here's the larger issue. We still have appeals at the state of Texas and Connecticut. And even part of the judge's ruling, taking the law license of my lawyer, who did a good job, as a criminal lawyer. The Supreme Court of appeals, overturned, her -- her suspension of his law license.

So people are starting to wake up. Mark Twain said a lie goes halfway around the world, before the truth puts its pants on.

But once the truth puts its pants on, it tends to win, and catch up. So people are getting this danger now. And if we can just get Trump in, if we can just not let them stage a race war and all this stuff, that they're trying to cook up.

And conservatives. You just pray, and be focused and be vocal. And just move forward and stay non-violent in the face of a mostly peaceful summer. That we know is coming. We're going to take this country back if we have to.

GLENN: Yes. Yes. It's already happening in Europe.

Alex, one thing. I want you to look -- have your lawyer look into a case. Disney against digital -- not Digital Angel. It was. It became Angel Studios. What was that thing called Stu?

STU: VidAngel.

GLENN: Look for a court case against VidAngel and Disney. They said that they were going after VidAngel over copyright, but they weren't.

They were going after them. It was a personal vendetta. A lot like this. Disney was going to put these people out of business, forever.

And the court appointed a restructuring. Because Disney won.

And the guy who came in said, one of you is lying.

Either Disney is lying. And they just want to put you out of business. And they just want total control.

Or you're lying. But when I find out which one it is. I'm going back to the judge.

And the judge ruled against Disney, and changed everything. Okay?

You -- you could prove.

Just look at that case.

Because I think if you have somebody who is intent as you're restructuring. Their job is to not put you out of business.

Their job is to restructure and get their clients, or their people they're supposed to be working for, money.

If this -- if their intent is to shut you up. I bet you, the Disney versus VidAngel court case, may help you.

ALEX: That's why I love listening to your show. And that's why I love being here. Because, Glenn, I would have never thought of that. One of my lawyers did -- did basically file something a year and a half ago to the judge.

Saying, look, here's the video. Here's the links where they say they don't want money. They're here to shut him down.

And then the judge said, I'll hear that later. But I think it's time to add Disney versus VidAngel with that. We have them saying. We have like 20 minutes of them saying in the courthouse, in front of a huge --

GLENN: They can't do that.

ALEX: Saying, this is not about money. We want him off the air. Boom. There you go. That's genius. Thank you so much, Glenn.

GLENN: Yeah. Thank you, Alex. And we will sit down for a longer conversation. When I get back to Texas in September. So I appreciate it.

Thank you so much. God bless.

ALEX: Thank you so much, Glenn. God bless you.

GLENN: By the way, I would -- look, I stood for Bill Maher, when he was fired in ABC, and what I said at the time was, what part of politically incorrect ABC do you not understand?

They fired him because he said something politically incorrect. I took a lot of heat.

It was new in my career, and people didn't trust me as a conservative then.

And I started sticking up for Bill Maher.

And I took a lot of heat. But it was right, because it was about the First Amendment.

I did the same thing for Roseanne Barr. I did the same thing for, what was his name? James Gunn. The guy who was the writer/director of Guardians of the Galaxy. You cannot only stand up for the people you agree with.

You must stand up for those people you disagree with.

Otherwise, the First Amendment, second. All of the amendments, mean nothing.

I -- I don't care what you think of Alex Jones. And I say this to every conservative outlet.

You should stand by the case of Alex Jones.

To make sure this injustice. Because this is law fare. And if you think they won't do it to you.

You are sadly mistaken. And unless, each one of us, at each of our own locations, stand up, and say, this is an injustice!

This is wrong. They'll put each one of us out of business. And silence us.

And it will happen faster than you can imagine.

I challenge every podcaster. Every radio broadcaster.

To stand up and defend the right for a man to be able to speak.

The ONLY Trump/Epstein Files Theories That Make Sense | Glenn TV | Ep 445

Is the case closed on Jeffrey Epstein and Russiagate? Maybe not. Glenn Beck pulls the thread on the story and its far-reaching implications that could expose a web of scandals and lead to a complete implosion of trust. Glenn lays out five theories that could explain Trump’s frustration over the Epstein files and why Glenn may never talk about the Epstein case again. Plus, Glenn connects the dots between the Russiagate hoax, the Hunter Biden laptop cover-up, and the Steele dossier related to the FBI’s new “grand conspiracy” probe. It all leads to one James Bond-like villain: former CIA Director John Brennan. Then, Bryan Dean Wright, former CIA operations officer, tells Glenn why he believes his former boss Brennan belongs in prison and what must happen to prevent a full-blown trust implosion in American institutions.

Rumors explained: Is Fed Chair Jerome Powell OUT?!

After rumors spread that President Trump would soon fire Federal Reserve Chair Jerome Powell, Trump has said that he's "not planning" on it right now. But is it possible for Trump to fire him? Will he resign? And how is the Fed Chair even chosen in the first place? Glenn and his head researcher Jason Buttrill explain ...

Transcript

Below is a rush transcript that may contain errors

GLENN: Well, last night, I was rapidly looking the lie some of these rumors, on X.

Pretty incredible people on what's going on with Jerome Powell and the fed.

What the heck?

I was actually popping popcorn and watching this. It was so crazy.

GLENN: So it's just the rumors, that he is going to be stepping down?

JASON: Well, yeah.

Yeah. Anna Paulina Luna. Congresswoman. She was saying, it was almost imminent, that he was about to be fired. Actually fired.

There were other rumors saying, well, we're not sure about fired.

But he's considering resigning.

GLENN: Yeah. You know why.

JASON: We were like, what the heck is going on?

GLENN: So do you know why?

Do you know why he's resigning? Any guesses? I mean, you had popcorn out. I would love to hear what you have come up with.

JASON: So there was the CPI stuff coming out. The interest rates going up.

We know that the President wants interest rates to come down. I'm assuming that is what the deal is, and there's some sort of internal battle going on.

GLENN: Well, and the president can't fire the Fed chief. Okay?

So the Fed chief is the one that nominated. The federal reserve is the biggest crock of bullcrap I've ever seen in my life.

It's nothing, but the five biggest banks. Okay? And you know which ones they are. They're the ones that keep getting bigger. And everybody else is falling to the wayside.

So the Federal Reserve is the arm of those five banks.

Okay?

And they suggest, who the president can select from.

So the president can't say, I don't want any of these guys. I want this guy. Can't do it.

He has to take a look at the list that all the banks have put together. Is. Say, pick from this list, Mr. President.

Did you know that?

JASON: It's kind of how Iran chooses their next president.

GLENN: It's exactly. It's exactly that way. Except, this religion is all about the almighty dollar.

Okay. So he can't -- he can't pick on his own. But the president has a right to pick one, you know, every term. If it comes up in his term.

The president wants this guy out. And I think he's been really, really bad.

Because he's been wrong on almost -- on almost everything. But show me the -- show me the Fed, you know, the guy who the Fed was right ever.

So he can't fire him. But he wants him out. Because he wants interest rates dropped.

And, you know, the jobs are coming back. Things are coming back.

But interest rates keep coming up.

And the -- and the interest rates, if we keep our interest rates high, we have a harder time borrowing money for our debt.

And it just gets more and more expensive for everybody all along. So the president wants him to back off interest rates. But the Fed chief believes that that could cause more inflation.

Which I think he's right on that one. And I hate to say he was right on anything.

Because I don't think he was ever right.

Makes me question myself. When he's like, well, I think he might have a point on that one. But the president is like, no. He can handle it.

I want them down. I want cheap money again.

He refuses. So what has the president done?

The president can only fire him, with cause!

So what do you do when you can only fire somebody with cause, and you want them out.

You find a cause, and this one is easy.

So the Fed has been the one leading the way saying, we can't keep borrowing money.

We've got to have some fiscal sanity. Right?

This is going to kill us. We have to keep these interest rates high, because you are borrowing too much money. And maybe this is the only way to stop you.

So we got to keep it high, because you've borrowed too much money. And how many times has he testified in front of Congress? We've got to cut. We've got to cut. You can't keep spending like this.

Okay? Well, did you know that the Federal Reserve, with our tax dollars, the five biggest banks, a/k/a the Federal Reserve, is redoing their offices. To the tune of two billion dollars!

Now, I don't know what kind of wallpaper they need there.

But that seems like a pretty hefty renovation, especially when everybody is looking at cutting things. And you're lecturing me about spending money. So they get money from the government, okay? They're telling us, stop spending.
Stop borrowing.

Except, okay. What you've borrowed. I need $2 billion of that, to redo our offices in Washington, DC.

Excuse me?

Why don't you do that yourself. Okay. I think banks maybe have some money.

So they're borrowing that money, and there's $700 million over.

So it's $2 billion. $700 million over budget. And they're still not finished.

And the problem is: They're putting in water features.

They have a rooftop garden they're building.

JASON: Okay.

GLENN: I mean, it is -- it's insane. The president now knows, really? You want to play this game with me. I will sit your ass down in front of Congress, and you answer to the American people, how you're lecturing us about spending. And you're putting in a rooftop garden and a water feature in your office. No! No.

So the president is now threatening, I'll fire you for this. You want to quit, now would be the time to quit.

Otherwise, I'm dragging your butt in front of Congress.

You answer to the American people for this. And they will beg me to fire you.

That's what's happening.

JASON: I looked at that a lot.

Because I was like. There's got to be some leverage that the president had, because they can't get rid of.

But that is a pretty big cut. That sounds like a Babylon Bee article. $2 billion.

GLENN: It does. It does. $2 billion, 700 million over budget.

JASON: Oh, my gosh.

GLENN: I mean, and these are the responsible bankers. No, I don't think so.

It just shows, they don't mean what they say. They'll just keep doing it for themselves. You know, if you really believed that America was really on that financial cliff, why would you do that?

You would lead the way and say, guys, we are going to be the only responsible ones here.

We will lead by example.

No renovation. You know what, go to IKEA?

You need a new desk. Go to IKEA, and get a new desk. Well, we have to keep up our image. We're not going to have a country.

So what do you say, we go to IKEA?

Our image should be, we are going to lead the way out of this madness!

That's what a leader would do.

JASON: So, Glenn, I still don't think I get this disconnect between Trump and Powell on -- we know Trump wants to lower interest rates.

Powell is standing back and saying, basically, he doesn't want to do it.

Is he trying to undermine President Trump on this?

GLENN: President Trump thinks so. President Trump thinks so.

I think so, to some degree.

I mean, I'm worried about inflation.

Look, you know what happened. Do you know what's happening with yap?

JASON: What's happening with Japan?

GLENN: So what's happening with Japan, is Japan has always had this really amazing image of, we're solid. We're absolutely solid.

This is target to crack. The foundation.

1989.

Let me go back to 1989.

This was the crown jury trial of the global economy.

Back in 1989, you probably aren't old enough to remember.

All of a sudden, Japan owned everything in America. We were just becoming Japanese, and everything was being purchased by Japan. Kind of like it feels a little bit like China now.

JASON: They even owned Nakatomi Plaza, Glenn, that Bruce Willis had to save -- they owned everything in every '80s movie!

GLENN: Oh, yeah, they owned absolutely everything.

Okay? And the -- things were so insane in Japan. The grounds of the imperial palace, in Tokyo, on paper was worth more than the entire value of the state of California.

JASON: Wow!

GLENN: Okay?

So their land. Everything just shot up. And so they had all of -- they were flush with all this cash.

And people believed that Japan had suddenly, you know, cracked the formula for, you know, eternal prosperity.

That's the problem. Then it all started to fall apart. And the asset prices. That they had mortgaged against.

Okay?

They had borrowed. Well, the imperial palace was worth more than California.

That doesn't make any sense. You wouldn't mortgage it like that. At least long-term. I will do this real quick, and pay it off.

You would never, ever mortgage, because you know that's inane. Well, nobody ever wanted -- and it seems in governments, nobody ever wants to believe that this is just a fluke. Okay?

So the asset prices collapse. The stock markets plunged. And for three decades, they have gone into this very polite political coma.

Okay? Economic coma. And so the central bank did something radical. They were the first ones to set your interest rate at zero. They lowered the interest rate. They made money so cheap, it was nearly free. Zero percent interest. Sometimes, they would pay you to take out money.

So the -- they had negative interest rates. Can you imagine that? Now, you're not fixing the problem. You're just printing wallpaper to cover the mold. All right?

So they've done this for decades.

Now their debt is I think 260. Or 280 percent of their GDP.

I think, what is ours?

100?

80 percent.

Something crazy. 120. You never believe back.

The death threshold is usually 120, 140.

They're 260 percent of their entire economy is debt.

That's not a crack. That's a fault line.

So this week. Or was it last week? Things started to creek and grown in Japan.

And the government bonds, which are like our treasuries. Is this getting too complex.

Are you following this still?

JASON: Yeah.

GLENN: Okay. So their government bonds.

They were the safest investments on earth.

One of them. Okay?

It's us. Japan, Germany.

They started to fall.

Hard. And when bond prices fall, interest rates were the easily go up.

All right?

So they borrow all this money.

260 percent of their GDP is borrowed. Okay?

So they borrowed all of that money. And they had it at like 3 percent interest. Whatever.

2 percent interest.

And they were paying people.

2 percent.

Well, all of a sudden, the cracks started to appear. And people were like, I'm not sure this is stable at all.

And then the belief of the system started to -- to go away. So people started selling their Japanese bonds.

Once they do that, now the yields have to go up.

What happens when yields go up?

What happens when interest rates go up? For a government. You have to pay more interest on your debt!

Okay?

You add two or three points.

Just imagine, you have an adjustable rate. Okay?

This is a government having an adjustable rate. Except, they have 260 percent of everything they make, in debt!

And it's all leveraged.

And now, their adjustable goes up two, three, four points.

You're not able to afford that anymore, okay?

So massive problem.

Because what it really means is. People don't believe in Japan.

They know the con game is now over.

And investors are saying, you know, I want a whole lot more in return.

Because I just don't believe you anymore.

And it's not just Japan's problem. This is not a neighbor's house on fair.

This is -- imagine we're all living under the same roof. This is the neighbor's apartment, on fire.

We're all under the same roof. We all have the same foundation. And so when this happens to Japan, you should pay attention. And I'll show you the ripple effects in just a second.

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GLENN: Okay. So now if Japan -- that means there's a stampede out of Japan.

And people are starting to look and reprice the risk of their money.

Now they're like, wait a minute.

The most stable. You know, if you're driving a car and it is the safest car in the world and all of a sudden, they just start blowing up on the highway.

You're like, I don't think that's the most -- that's the safest car on the highway.

And if that's the safest car, what does it mean for the car I'm in?

You know what I mean? So now, this is going to push US interest rates going up.

Which makes our mortgage rates go can up. And our car loans more expensive. And the national debt. Which is already costing us $1.2 trillion a year, just in interest.

Now, they can't sell their treasuries. People are skittish on treasuries. Maybe they come to the United States, but they're not so far.

They're getting out of the Japanese interest. Or the bonds there.

Japan has to pay their bills.

What do you do when you have to pay a bill?

And you don't have any money coming in.

You don't have enough money coming in. What do you do?

You sell something. Right? You sell your car. You sell something that you have of value.

Well, what do they have? What do they hold of value? US Treasuries.

So now, we are trying to sell our bonds, for our new debt, they hold our old debt.

They're saying, hey. Anybody want to buy this debt? Because I have to sell it. Fire sale. What do you give me for it?

Okay?

Which makes that debt more attractive, because they can get a better deal there.

Which means, if we want to have new debt, we have to raise our interest rates. Which means, we pay more for interest for our mortgages and everything else.

And it floods the market with bonds, crushing the prices, skyrocketing the costs for us.
And causing even more trouble, in other countries, that have US bonds. Because they start to look and go, nobody is buying these bonds.

Well, of course not. You have two countries. The two stablest countries besides Germany.

You have the two stablest countries now selling US Treasury bonds.

Okay? Really, really bad.

Now, let me add this on.

Germany is now having to pay for their own army.

And so they said, they're going to borrow money.

To build the army.

And they're going to lower their interest rate. So they can borrow more money. All right?

And now, the German bund, which is -- you know, like our Treasury. That's now starting to fall apart.

Well, Germany has some assets, they can sell.

What do you think that asset might be that they want to sell?

US treasuries.

We have been playing an extraordinarily horrible game.

This is why I believe the president wants somebody else in charge of the Fed, because the Fed can say, we're lowering the interest rates.

Because he's got to get more money into the system. So people can spend money, can start businesses. Borrow money.

Get things moving, so we can increase the amount of taxes that we collect.

The more people money -- the more people make, the more taxes we collect.

So he's like, we've got to grow the economy. And the only way we can grow the economy is to lower the interest rates.

But at the same time, interest rates around the world because of what's happening with the bonds is going through the roof.

We are in a very -- we've never been in this position before.

THE GLENN BECK PODCAST

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