It's federal law that banks have to cover their debts each night before closing, if they want to open their doors the next day. If they can't cover the costs, banks can use loans but it's a sign of serious trouble for that bank and possibly for the economy. Days before the 2008 market crash in America, the Federal Reserve Bank of New York tried to loan 50 billion dollars to a struggling bank. It was the most amount of money loaned to a bank in history at the time. But this week, the Federal Reserve loaned 500 BILLION dollars to a struggling bank, in the midst of this coronavirus crisis. When it comes to deadly pandemics, have a precedent to study to learn how to move forward: the Spanish Flu in 1918. But, we don't have any kind of precedent for this. We know the market has been struggling, as the DOW report continues to drop. What comes next?
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EVIDENCE China MIGHT Take Taiwan Before Trump's Inauguration
We are entering a "wildly dangerous" time, Glenn warns. China's economy is collapsing, social unrest is on the rise, and the government appears to be reverting to Mao-era practices. So, will the Chinese Communist Party attack Taiwan to boost its national morale while America is still weak? This could be China's last chance before 4 more years of Trump or even 8-12 more years of America First policies. So, will the world look very different by New Year's day or, at the latest, January 20th? And how would America respond? Would we destroy Taiwan's superchip factories before China can take them? Glenn and Stu give their thoughts ...
Charlie Kirk REVEALS 3 Ways to SHRINK the Department of Education
Donald Trump is in for a fight if he wants to fully abolish the Department of Education – he might not even be able to legally do it without Congress. But Turning Point USA founder Charlie Kirk tells Glenn there are 3 major steps Trump can take to shrink the Department in the meantime and release its grip on our education system. Speaking at AmFest 2024, Charlie and Glenn also discuss what DOGE can do to make a massive difference and whether Republicans have finally come to an agreement on the continuing resolution spending bill.
