The Glenn Beck Program - A Glimmer of Hope | Guests: Matt Walsh & Gregory Rigano | 3/19/20

Episode Date: March 19, 2020

A new report out of London paints a grim picture of how the COVID-19 crisis could escalate. The GOP is willing to give everyone a $1,000 check, but why not cut ALL taxes? And total bank derivatives c...an now be counted in QUADRILLIONS of dollars. Podcast host Matt Walsh joins the program to discuss his book "Church of Cowards" and illustrate what American Christians need to do in this crisis to bring the faith back where it belongs. Glenn lays out how to best prepare for a possible cash shortage WITHOUT draining the bank. And has a treatment for COVID-19 been found? Glenn speaks with Gregory Rigano, the project lead in a study on an anti-malaria drug claiming a 100% success rate so far, cited by President Trump as a “game-changer.” Learn more about your ad choices. Visit megaphone.fm/adchoices

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Starting point is 00:00:34 My gosh, we're so happy to be here. Are we not happy still? Oh, my gosh. It's a hell of a morning, Glenn. Oh, yeah, it's a hellscape. Welcome to the program. I'm so glad that you're here. Spring is right around the corner,
Starting point is 00:00:47 and you're going to be at home for a while, so what do you do for entertainment? How about mowing your lawn? Hustler turf engineers. It's mowers to outperform the research, in testing that has gone into these things. These are the people that came up really with the zero turn. They've been doing it, pioneering this thing since the 1960s.
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Starting point is 00:02:01 Yes. Oh, man. And that's us. And we're so excited to be here. Right, Stu? Excited? Thrill. Yes.
Starting point is 00:02:09 Trilled. Yeah, there's nothing better. Nothing better than being here. Or being at your house quite a... Being anywhere in the world today is just a joy. And we're going to share some of that joy. Coming up in one minute, the latest from scientists. This is the Glenn Beck program.
Starting point is 00:02:29 Yeah, it's going to be... Oh, you're... Oh, my. man, are you going to love this? You bet. Somewhere in America, within the sound of my voice, there is a man standing within a stone's throw of the business deal he just made. And like so many before, and hopefully many to come, it was made on a handshake. Not only because that's the way he prefers to do business, but because that's who he is. It's who he's always been. You're a man of integrity, your reputation not only precedes you, it marks you in the eyes of the beholder as the
Starting point is 00:02:56 archetype of trustworthiness. Yeah, you can have the lawyers work out all the details, but but you just gave your word. You looked a man in the eye, and he said that's the way it is. The eyes of the beholder also drawn quite naturally to the pair of Toccova's boots resting comfortably on his feet. They see the lines of contour, the inherent quality of the kind of boot this man would wear. When you buy a pair of Toccova's boots, you're buying a statement of integrity. Also, a frontiersmanship. You're different.
Starting point is 00:03:26 You're an explorer still. Handmade with the finest leathers, Ticovis boots take 200. steps to complete and they're twice the value of a similarly priced boot, half the price of boots of similar quality. When you wear Tocovus, you're going to feel the cowboy inside of you come alive. It's Tocovus, Western Goods for Your Frontier. Find your pair now at Tocovus.com slash back. That's T-E-C-O-V-A-S dot com slash back. T-C-O-V-A-S-W-A-W-E-R frontier. All right, so I got some good news. I got some really good news. According to scientists now, out of London, some really good...
Starting point is 00:04:09 How are things going in your house right now? Because we haven't had a meltdown. Uh-uh. No. The kids haven't said, I can't do this. Oh, yeah, really? It's been four days. Wait to see what you can actually do. Anyway, we're trying to flatten the curve.
Starting point is 00:04:28 That's what everybody's trying to do. We're imposing social distancing to slow the spread of the virus. so the number of people sick doesn't cause the health care system to collapse as it's threatening to do in Italy and elsewhere right now. That means the pandemic needs to last at a low level until either enough people have had COVID-19 to leave most immune, assuming that our immune system actually will leave a marker in us to say, oh, I recognize that, I can fight that. Last night I had an expert on said that she's 90, I'm 99% sure that this is going to happen, that we are going to have those markers in us, but we don't know yet.
Starting point is 00:05:13 We don't know. This is going to last until we either get those markers in us or until there's a vaccine. So how long will that take? How draconian are things going to have to get? All right. We've been told that it'll be just a couple of weeks. We're just going to do this for a couple of weeks. I've been telling you, no, that's not it.
Starting point is 00:05:38 We're not going to be doing this for a couple of weeks. We're going to be doing this for a long time. Plan on eight weeks is what I said. Well, scientists in London have just come out with some new numbers. According to a report yesterday, as long as someone in the world has the virus, breakouts can keep reoccurring without stringing controls to contain them. in the report yesterday researchers at the Imperial College of London proposed a way of doing this. Impose more extreme social distancing measures every time the admissions to intensive health care units start to spike,
Starting point is 00:06:21 then relax them when they start to fall. Every time they rise above a threshold, let's just say, for example, a hundred per week, the country would have to close all schools and most universities and adopt social distancing. When they drop below 50, those measures can be lifted. But people with symptoms or whose family members have symptoms would still be confided at home. Now, social distancing, something that we had never heard, but we're used to now all of these new words and phrases just being thrown at us. What is social distancing? Researchers define it as all how.
Starting point is 00:07:00 households reduce contact outside of the household school or workplace by at least 75%. Now, that doesn't mean that you don't go out with your friends once a week instead of four times. Really? Is that what you got? Dude, are you getting that from social distancing that, ah, you know, but Fridays are different. No, apparently not. That's not allowed. Yeah. Yeah. Okay. It means everyone does everything they can to minimize social contact and overall the number of contacts fall by 75%. Under this model, the researchers conclude social distancing and school closures would need to be in force some two-thirds of the time, roughly two months on, one month off, until a vaccine is available.
Starting point is 00:07:51 They say that will take at least 18 months. Now, I don't know about you, but my kids are already starting to social distance themselves from me. And I can't imagine being locked in the house for 18 months. I don't think that's something that we will accept, frankly. I mean, that is this type of thing that we will just, we'll just. say no. We will just not. May I read the rest of this?
Starting point is 00:08:31 Yes, I know. I know. May I read the rest of this happy missive? So surely there has to be some other options. Why not just build a whole buttload of ICUs? Well, it doesn't work. The researchers model, that didn't solve the problem. Without social distancing of the whole population, they found even the best mitigation strategy,
Starting point is 00:08:53 which means isolation or quarantine of the sick, the old and those who have been exposed. plus school closures would still lead to a surge of critically ill people eight times bigger than the U.S. or UK system can cope with. So even if you set factories out to just turn out ventilators and beds and ICU farms, you still need more nurses and doctors to take care of everybody, and we just don't have that. In all scenarios, without widespread social distancing, the number of COVID cases overwhelms the health care system.
Starting point is 00:09:29 Okay. All right. How about just restrictions for one batch of five months? Nope, not good. Once measures are lifted, the pandemic breaks out all over again. This time it's in winter, the worst time for the health care system. Now, I'm... As I'm looking at this, isn't this, Stu, exactly what China is doing right now?
Starting point is 00:09:54 Isn't China in the midst of releasing the herds back out into the wilderness? Yeah, so we're going to see whether this works or not, because China is basically experimenting with it right now as we speak. And, you know, the big news yesterday was supposedly, again, if you believe China's numbers and what they're telling us, supposedly China. Oh, don't even use the word. You racist don't even use the word China on this program. But the numbers are coming from China. Don't say China. Oh, my God.
Starting point is 00:10:24 Gosh. They're coming from... All right. Anyway, what did they find? What they found was zero cases for the first time since this started of community spread. So that means they did have 34 new cases, but all 34 were people traveling into China from other areas, which might be another thing they may want to consider stopping.
Starting point is 00:10:43 And also, why would you go to China at this point? This is not a good... I know. It's like, oh, man, the savings, the savings of seeing the great wall of China. And maybe I'm... me and the family could be buried inside the wall. It'd be great. Okay, so this, what I don't understand is why we're being told, and I, you know,
Starting point is 00:11:05 and I, uh, I asked the doctor on our special last night and I don't feel like I got a great answer. Um, why is it that China is releasing people and they're not experiencing this? Why is it that China stopped this dead in its tracks with a lot more people that already had it? Ours are all just projections. You know what, still looking at this. I'll bet you the people are doing the modeling on this thing are the same people who are telling us about global warming. But, yeah.
Starting point is 00:11:44 Why is it when we have an actual country where we had thousands and thousands and thousands of people infected? why didn't we have 100,000 deaths in China? But we're supposed to have them here. It doesn't make sense to me. Yeah, especially when you think of the Chinese lifestyle, right, is giant massive cities where people are packed into very tight areas, working very closely. And nobody blinks when you say, I don't know,
Starting point is 00:12:13 yeah, throw that bat in that soup. Nobody blinks. Yeah. It's not, it's not. it's not a healthy lifestyle in many ways. Yeah, especially for this type of thing. For this type of thing. I mean, it's a reason why we've had, you know,
Starting point is 00:12:30 I was saying yesterday, like, we can't, I really do think it's inappropriate to call it the Chinese virus because they're going to release another virus in like a year and we're going to have, we're going to have to come up with a whole new name for it. So, like, it's just because it's inefficient. Do you know what MERS is? Yeah, Middle East Respiratory Syndrome.
Starting point is 00:12:49 I'm sorry, it's what? Middle East respiratory syndrome. Yes. Middle East respiratory system. Wow. Do you know what the West Nile virus is? Yes, I do. They come, yeah, Spanish flu.
Starting point is 00:13:02 It's a virus. Yeah, Spanish flu. I mean, this is what we call things. I used to live two towns away from old Lyme, Connecticut. Lyme disease. Lyme, Connecticut. That's where it's from. I mean, this is so unbelievably, I'll get into this in a minute.
Starting point is 00:13:19 just finish this stupid thing. All right. So this is going to have a huge impact on people coming together. Restaurants, cafes, bars, nightclubs, gyms, hotels, favors, theaters, movies, cinemas, art galleries, shopping malls, craft fairs, museums, musicians, other performers, sporting venues, sports teams, conference venues, cruise lines, airlines, airlines, public transportation, private schools, public schools, daycare centers. I mean, are you kidding me?
Starting point is 00:13:50 This is the entire thing. Now, they say there will be some adaption, of course. Gyms could start selling home equipment. Oh, and online training sessions. Oh, okay. All right. It's now being called the shut in economy. Shut in economy.
Starting point is 00:14:07 Mm-hmm, mm-hmm. It sounds sustainable to me. Now, they're saying, we're going to have a better health care system at the other end of this. Oh, are we? Or are we going to have a. a nationalized health care system. They say maybe movie theaters will take out half of their seats. Meetings will be held in larger rooms with spaced out chairs.
Starting point is 00:14:29 Gims will require you to book workouts ahead of time so they don't get too crowded. But here's the good news. Governments all around the world, including Israel, have decided to use cell phone location data. See if this matches what you've been saying is coming, Stu. it'll match location data with its intelligence services that they use to track terrorists to trace people who've been in touch with known carriers of the virus. Singapore does exhaustive contact tracing and publishes detailed data on each known case all but identifying people by name. To get on a flight, perhaps we're going to have to be signed up to a service that tracks your movement via your phone. The airline wouldn't be able to see where you've gone, but it would be able to get alert if you have been close to someone that has been infected or in a disease hotspot.
Starting point is 00:15:24 There would be similar requirements for the entrance of large venues, government buildings, public transportation hubs. There'd be temperature scanners everywhere, and your workplace might demand you wear a monitor that tracks your temperature or other vital signs. Where nightclubs ask for proof of age, in the future they may ask for proof of immunity. An identity card or some kind of digital verification via your phone showing you've already recovered from or been vaccinated. The intrusive surveillance will be considered a small price to pay for the basic freedom to be with other people. Gig workers, again, this is a report from London. Gig workers from drivers to plumbers to freelance yoga instructors will see their jobs becoming more precarious. immigrants, refugees, the undocumented and ex-convicts will face yet another basic obstacle to gaining a foothold in society.
Starting point is 00:16:20 Bull crap. Bull crap. That won't happen. Can somebody, this is another thing I'm going to take on today. Can somebody please tell me why we're releasing prisoners? Why are we releasing prisoners? Isn't that the ultimate in isolation? Isn't that, aren't we just quarantining them?
Starting point is 00:16:41 why are we releasing people onto the streets? Who came up with that idea? I know. It's rhetorical. I know who came up with that. Moreover, unless there are strict rules on how someone's risk for disease is assessed, governments or companies could choose any criteria. You're high risk if you earn less than $50,000 a year.
Starting point is 00:17:06 If you're in a family, more than six people, or you live in certain parts of the country for example. example. Oh, another way to separate us, divide us, and keep us in our own little corrals. This is great. That creates scope for algorithmic bias and hidden discrimination has what happened last year with a U.S. health insurer that used an algorithm that turned out to inadvertently favor white people. Oh, my gosh. All right. I'm going to take a break. I want you to go get some duct tape. And I want you to wrap it around your head as tight as you possibly can because I don't know about you, but my head's about to explode. Now, you're not going to, it's not going to stop it from exploding.
Starting point is 00:17:55 But when and if you can ever go outside to go to a doctor and say, could you put my head back together? You'll have all of the bone pieces, everything you need to assemble it right there on the inside of that duct tape. It might take you a while, but I suggest you wrap your head. because it's going to be a bumpy ride today. So, it's great. Oh, I love it. Hmm. Okay, let's say that you have a constant nagging,
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Starting point is 00:20:19 Dementically socialist economies. Arguing with socialists. First of all, it's democratic. The new book from Glenn Beck. And the other thing too is that you can pre-order it now on Amazon. Yeah, and it's democratic. It's
Starting point is 00:20:33 arguing with socialist available now. Make sure you pick it up. Ten seconds station ID. There did you get any of my new bits. Bum-bump. Bum-bump-bump. Dear Glenn, I've never been a proponent of unions
Starting point is 00:20:55 or strikes, particularly when it involves health care workers, but after the last week, if I was asked to strike, I would. I work in a hospital in California's Central Valley, and it is not safe. Masks are being rationed and denied health care providers, and it's hard to find disinfectant wipes. To obtain masks now in our hospital, a health care provider must go to the nursing supervisor's office for each floor and explain why you need a mask, because all of the masks are literally under lock and key because people are stealing them and supplies are running low. To receive a mask, we have to explain which patient we're seeing and the diagnosis and the person distributing the mask will say yes or no if we can have a mask and what type of mask.
Starting point is 00:21:40 Oftentimes, this is someone with less education and clinical experience than the person requesting the mask. See, that never happens in like a government run system, you know what I mean? nobody who has less experience, less education, and is just on a power trip, they never get the keys to what's locked up. Never. That never happened. Today, I had to reuse a surgical mask that I've been using for two days because they've been so strict on distributing them. When I was seeing a patient with the flu, I was given the very lightweight surgical mask that does very little to protect patients or the health care provider.
Starting point is 00:22:17 When I asked for a sturdier mask with a seal on the nose bridge, I was told, no, because it was light droplet precautions. I ended up putting the mask closest to my face, and the one I've been reusing for two days over it. During that conversation, I learned that we had already run out of N95 masks. I know surgical masks don't filter out any pathogens, but they're extremely important. All the doctors and nurses and all the other support staff that I talk to on a daily basis are very nervous and are starting to get angry. Gang, this hasn't even started yet. She continues, it boggles my mind that this is happening in America. Where is the help?
Starting point is 00:23:04 We spend billions on the military. Can we not free up some masks in America? You're listening to Glenn Beck. can financing NMLS-182334. www. nmLS consumer access.org. Right now, stress is really high. Hopes are a little low, and the ravages of panic in the face of a pandemic that may or may not warrant a little panic are hard to watch, harder to feel pressing down on you.
Starting point is 00:23:36 But if you're one of those people thinking about buying a home, perhaps refinancing your mortgage, even if you're somebody who's just living under a difficult amount of debt, please please consolidate now it's not the worst time to do something about it it is absolutely the best time there are people really good people who can make you help you make sense of what's happening in the world the the mortgage consultants over at american financing they can unravel all of this for you in 10 minutes that twisted not that you have in your stomach that twisted not that you have you know in your in your bank account all of that can be undone in just like 10 minutes.
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Starting point is 00:24:32 Dot net. Go to blazTV.com. Use the promo code Glenn and you can save 10 bucks on your subscription. Now blazTV.com. Hey, welcome to it. We got a lot of things to do. I don't know where to start with Pat Gray from Pat Gray Unleashed. I thought we'd have a rolling conversation.
Starting point is 00:25:04 And Pat, you can spin the wheel here wherever you want it to stop. We can talk about whose idea was it to just release people from prison? Isn't that kind of quarantine? Isn't that social distancing? Everybody's staying in your cell. Since when? Who came up with this? Why are we doing this?
Starting point is 00:25:27 Okay, we have that is topic number one. Topic number two is China. How dare you call this a Chinese virus? How dare you call this the Wuhan virus? Really? The Spanish flu? German means. You know, didn't even come from Spain.
Starting point is 00:25:47 Oh, that's just where it was hit hardest. Yeah. Or we could just talk about, come on, come on. we could talk about the GOP that is, they're willing to spend anything. And where are we getting these ideas? Can you tell me what the metrics are here? If you really want to help people, you're just going to send everyone a check for $1,000? What are you talking about?
Starting point is 00:26:20 First of all, it's not everybody. It's only people who have an income of, I think it's 100,000. $150,000 as a couple and 75 and below as an individual. Okay. Well, that covers a lot of people. But what are they supposed to do with that? Where are they going with that? And really, we're just, how about just no taxes for anyone?
Starting point is 00:26:48 Right. No taxes. That's the less government thing to do. We're doing the bigger government thing. And that's what we keep doing over and over and over. How about this one, Pat? How about how about you can't foreclose on anybody's home?
Starting point is 00:27:02 Can't do it. Can't do it for the next six months or until this. I mean, that's not good. No. But it's not just printing money. I do believe that is part of this. I think they're going to do that for two months, right? Isn't it a two month process?
Starting point is 00:27:17 To start, yeah. Yeah. But you've got McConnell, Mitch McConnell, who's a supposed Republican. And this is why we didn't like the guy so much in the first place. We're going to go on and vote as soon as the Senate can get permission to vote on the bill. Came over from the House, sent it down to the president, reassure the people. He added a number of my members think there are considerable shortcomings in the bill. My counsel to them is to gag and vote for it anyway.
Starting point is 00:27:41 That's very conservative view. Thanks. Thanks, Mitch. And then it's the, I'm beginning to hate this phrase more than poison. Let's not let perfection be the. enemy of good. Shut up! Shut up!
Starting point is 00:28:01 I can't take that. I can't take it. Do you know the CDC guidance of how far I have to be away from Pat when he's yelling like that? It's definitely got to be more than six feet, right? A mile and a half. No, that's, yeah, that's why I'm in another studio.
Starting point is 00:28:15 There is no distance for Pat. Try Cleveland. We have eight conservatives left in the Senate. Eight. Marsha Blackburn voted against it. James Anner. off, Ron Johnson, James Langford, Mike Lee, of course. Thank you, Mike, Rand Paul, Ben Sass, and Tim Scott.
Starting point is 00:28:35 Those are the only conservatives, I guess, left in office. Well, because they were hammering Rand Paul yesterday because he decided to propose an amendment. And the amendment would say, hey, if we're going to give a trillion dollars away, let's come up with a way to pay for that. And maybe we, for example, his idea was let's get rid of the war and Afghanistan. And he suggested a couple of other things. That would pay for it. And they're like, how dare you?
Starting point is 00:29:03 Chuck Schumer's like, this is a crisis. And this is wasting time. Really? Is the four hours you had to wait to go through the voting process? Really going to be the difference here? You know, it's not like you guys are going to send out these checks today. Like we all understand this is going to be a little bit of time. But, you know, they can't even have a conversation about paying for it.
Starting point is 00:29:24 And I understand. This is a tough one. Like, you know, to your point about the taxes, like, I love that. And I think that's a great way. And I would suspend all federal taxes. Yeah. And Glenn's made a great point in this. Like, it's an almost an automatic sunset.
Starting point is 00:29:38 They can't keep all this power because they're going to want to reverse the tax thing so badly that when it's time to reverse it, maybe they will. Right. But the issue there is, and I think there is. They absolutely will. In fact, they will end it. They will end the, if you tie it to no taxes, until this national emergency is over. I can guarantee you at the very first opportunity that they have to declare this national emergency over, they'll declare it.
Starting point is 00:30:07 It's like next Tuesday. They will do it. Really? Yeah, to be like a national emergency. You know, I think we might have been overreacting a little bit. There's a giant pile of bodies outside the hospital. You think it's over now? No, no.
Starting point is 00:30:18 We have less bodies today than we did yesterday. It's over. It's over. The only time your conviction. and principles are tested are when there's a crisis, right? There's no, you don't have to, I mean, your principles don't have any sort of a trial. It's easy. If there's nothing going on, of course they're going to be tested in a crisis,
Starting point is 00:30:40 and that's when it's important to stick to them. Yeah. They won't. They won't. It strikes me, too, with the taxes thing, the one argument, I think, that has some value against just doing taxes is there are a bunch of people who are going to lose their job and then not have taxes to pay. So they're already paying zero,
Starting point is 00:30:58 and it's not necessarily going to help those people. But we do have things like unemployment that maybe it's a little bit easier to get. Maybe it's a little bit more generous than it was in the past. But there are things like that that are able to be done where you can bridge that gap for people who really need it. Just throwing $1,000 at everybody in America. I mean, you know, I understand Andrew Yang made that sound so appealing.
Starting point is 00:31:22 but it's, you know, it's a very questionable thing. It's the type of thing that may not go away. And obviously, as Mitch McConnell points out, nobody's putting thought into this. They won't even take time to vote on an amendment. They think that's the worst thing in the world. And by the way, Mike Lee was, I think, one of three, along with Rand Paul that actually voted for the Rand Paul amendment.
Starting point is 00:31:43 And, you know, they don't want to even take time to figure out how to pay for it. They don't want you, even if you have a problem with the bill, they just want you to vote for it anyway. Like, that's how we always get into trouble. Right. Always get into trouble. So, I have some additional happy news. Okay.
Starting point is 00:32:02 Okay. Do we have any happy music or anything, Sarah? Do we have anything that's like, oh, that'll make me feel better when I say this. Do you have anything? Oh, you know what? Let's get that really moody. Yeah. Okay.
Starting point is 00:32:17 I like this. Ladies, I am not a meat puppet. Okay. No. uh all right so as we're sitting around here with our cocktails in our hand and just talking about the little people uh let me tell you about do you remember uh pat pat come here for a second come on over here for a second uh do you remember when the people were talking in 2008 about this thing called derivatives Right, derivatives.
Starting point is 00:32:50 And the little people thought, oh, this is a bad thing, these derivatives. And the banks were, of course, they were too big to fail because they had some money in derivatives, and that caused the whole breakdown. Do you remember those times? Yeah, right, right, right, right. The banks are now, guess how much the banks are sitting on
Starting point is 00:33:15 in derivatives now. Guess. I want you to guess. No, don't get rid of the music. Please, I need that cocktail. I'm guessing more than back in 2008. Guess a number. Okay.
Starting point is 00:33:28 Guess a number. I know it's huge. Do you want me to play my old game and? No, I don't. Well, yeah, go ahead. Play your old game. $50 trillion. $50 trillion.
Starting point is 00:33:42 $50 trillion. $50 trillion. That's, now, for anybody who doesn't, know Pat's old game. Pat's old game is he guesses some crazy number and he's like, and I'm disappointed if it's a dollar below
Starting point is 00:33:55 surprise, right, yes. Correct. Correct. Okay. Okay. Well, you're, you, if we were playing the game closest without going over, you would lose. Wow. Unless we were playing it for individual banks. For instance,
Starting point is 00:34:12 J.P. Morgan Chase, they now have derivative. sitting on $48 trillion. One bank. City Group has $47 trillion. And Goldman Sachs, $42 trillion. Would you like another drink and try to play again? Guess the number of derivatives.
Starting point is 00:34:33 Guess it, guess. Go ahead. So the total number? 48 quadrillion. And I'll be disappointed if it's a dollar less. 48 quadrillion. I think it's a $48 quadrillion. got over at that time. Yep, you did.
Starting point is 00:34:50 It's only $1.5 quadrillion dollars. That is a stout. What? That's the first time I've ever heard it in a real story. The quadrillion number. I said to my kids last week, this is going to be an amazing week. By Saturday, you will see and hear things that you've never seen before. That is the same thing I said last night when I found that number of Pat.
Starting point is 00:35:20 I've never heard the word quadrillion used in a real sentence. Wow. 1.5 quadrillion dollars of derivatives. Remember, derivatives, the bad thing. Yeah. The thing that the banks were too big to fail. Wow. 1.4 quadrillion?
Starting point is 00:35:48 No, 1.5 quadrillion. That's, I mean, that's unthinkable. You can't even, I mean, the only time I've actually ever heard it and I've never seen it in his story. You know where I saw the, I think it was in the movie, The Passenger, did you see Passenger with Jennifer Lawrence and Chris, what's his face? Oh, may have, yeah. Remember that? Yeah, Chris Pratt.
Starting point is 00:36:16 Okay, so they're traveling, and this is a future movie, obviously, and they're traveling to some other distant, because the Earth is dying or whatever. And she's talking about how much money the company is making on relocating humans to this other planet. And it was, I think it was something like $4 trillion. And that was the only time I'd ever, and it was like a number, okay, well, we're not going to get to that,
Starting point is 00:36:41 probably even in that year. here we are in 2020 and we've gotten to that number in bad debt. Yeah. That's not good. That's not good. Yeah, that's not good. As Stu would say, that's suboptimal. By about $1.5 quadrillion dollars.
Starting point is 00:37:00 I'll give you the rest of this. The reason why it came across these numbers, I'll give you the rest of it next hour. You don't want to miss it. You might want to prepare. as $1.5 quadrillion dollars in derivatives. I'll explain why that's a bad thing coming up. Okay, let me talk to you a little bit about SimplySafe. Hey, you know what doesn't cost you $1.5.
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Starting point is 00:38:28 Order yours today. Get it for free. That's simply safebeck.com. You're listening to Glenn Beck. Welcome to the Glenn Beck program. It is Thursday. day away from Friday where we can all anybody working from home anybody have any really good ideas what are you doing with your kids I'd love to hear this what are you doing with your kids we
Starting point is 00:39:07 bought a bunch of games but we're still waiting from them to be delivered and you know just trying to get the kids to oh man clean out the garage and hey let's do some things why why because I said so why you little I feel like Homer Simpson right now. I really, really do. But love to hear what you're doing at home. How are things going? Is it just my family?
Starting point is 00:39:36 Is it just me? You having a good time, Stu? You're not home all the time. Yeah. Honestly, my schedule hasn't changed much at all. It's still pretty much here at the studio and doing everything. How's Lisa doing? Not so great.
Starting point is 00:39:49 She's, I mean, she's doing her best, but she's a very social person. This is my wife. And she likes to be out talking to people. Like when we have a vacation week or let's say we're all at home or doing something, she hates being in the house for more than a couple of hours at the time. She always wants to go out and do the next thing and go see more people. And I'm fine never seeing another person in my life. She's not like that.
Starting point is 00:40:13 So it's a much bigger adjustment, I think, for her. And, you know, of course the kids are home and they are doing at home learning now with the online situation, which is a whole new process and trying to get them to focus like they focus at school is not always easy. It's weird because don't I live in the same basic school district? I mean, we're not in the same school district, but we're a few towns away. We're really, yeah,
Starting point is 00:40:40 but we're really, I mean, everyone around my town, everybody's back to school, you know, not in school, but they're doing this home learning thing. Not my school.
Starting point is 00:40:50 My school's like, yeah, we're still working on it. coming up with some things. Like, really? I mean, I don't think you guys are actually working on it. I think you might be at the beach with every, seemingly everyone else in America. Did you see the beaches in Miami and Florida?
Starting point is 00:41:09 Have you seen those pictures? Yeah, well, yeah, that and the spring break people who are, those are. Oh my gosh, the spring break people. Pretty funny. If I get it, I get it. Oh, my gosh, you're about to get it. You're about to get it. So just me, am I becoming an old man?
Starting point is 00:41:26 You know, for the first time I related to Bernie Sanders, where they're like, well, so are you dropping out? I'm working on this effing virus thing. You know, for the first time, I'm like, I kind of understand his anger there at the press. Shut up. Leave me alone. I'm working over here. You're listening.
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Starting point is 00:44:29 I'm in my happy place today. And Joe Walsh, I think is, Joe Walsh. Matt Walsh is going to, Joe Walsh would be a good guest too. But Matt Walsh is going to join me here in a second. I think he's in his happy place. We're going to talk a little bit about coronavirus and the church. And what should the churches be doing? The ever outspoken and always.
Starting point is 00:44:53 so never ill-tempered Matt Walsh in 60 seconds. This is the Glymbeck program. So if you're having pain, exercise, aging, all of it, just every day, just everyday life is creating some pain as you get older. Sometimes that pain goes beyond the norm. And when it does, it calls for a real solution. And that's why I want to tell you about relief factor, not because they're paying me to tell you this in this commercial, but because I take it every day. I believe in relief factor, and I didn't.
Starting point is 00:45:29 I mean, we've had relief factor on as an advertiser on this program for a long time, but I didn't take it. In fact, this is the only product. Stu, help me out on this. I think this is the only product that I have ever told you, you know, any kind of medicine or pill or anything else where I've taken the sponsorships. I don't believe in that kind of stuff for me to tell you, because I just don't want to get into what you put into your body.
Starting point is 00:45:52 But this is 100% now. I've never okayed any kind of advertisement like this before, and I did it because I take it and I really believe in it. It actually works. It worked for me and changed my life. 100% drug-free, 70% of those people who take it get three-week quick start. Go on to order more. It's relieffactor.com. That's relieffactor.com. Or you can call 800, 500, 583-84, 800-583-84. It's relieffactor.com. Mr. Matt Walsh, podcast host of the Matt Walsh show. He's as clever as I am with the Glenn Beck podcast. We didn't work hard on the name of it. We work on the content.
Starting point is 00:46:41 He's also the author of a brand new book called The Church of Cowards. Hello, Matt. How are you? Hey, Glenn, doing well. How about you? I'm fantastic. I'm fantastic. Anything on your mind? You want to hit first before we get into the church of cowards, you know, on the coronavirus?
Starting point is 00:47:02 Like, you want to make sure that we're not calling it, you know, the Chinese virus or the Wuhan virus or anything else? I mean, I'm sure you agree with that. Yeah, that's, of course, the most important issue. I mean, when you're in the media and you're at a press conference with the President of the United States during a pandemic and we're looking at a possible possibility of a global depression, you know, and you have a chance to ask them a question. And obviously you should ask him about why he's doing the big knee head to China. I mean, that's obviously the most discussing right now. Right.
Starting point is 00:47:31 I mean, we haven't had a depression in, I don't know, at least a couple of years. Well, I think it's been since the 1930s that we've been into depression. And that, I mean, how posh is your life if that's the thing that you're worried about? How out of touch are you? And meanwhile, I mean, in all seriousness, there are people, many people in this country who are worried now about how are they going to, you know, feed their families next week because they're not making any money. So I don't think that those people really care what we call this damn thing. I think they're more worried about, you know, what's the end game?
Starting point is 00:48:04 Where is this? Okay, we all have to stay in our homes. Is this going to be over next week? Is it going to be over in two months? It kind of makes a big difference. I think most people want to know what what's the out here. What does it look like? What are we, what's the point?
Starting point is 00:48:18 What is this supposed to? How are we going to know that it's okay to go outside again? I don't think that's been articulated or explained. and I think that's more anxious. People keep saying in Washington, well, we're going to do this until this emergency is over. Can you tell me what the metric is that we're going to use to decide when this emergency is over?
Starting point is 00:48:37 Can you give me any? I've been asking for weeks, for my own company, I've been asking, I need to see what the trip wires are. How is the government measuring things so when they know you're going to go from phase one to phase two? No one has tripped. wires. Now, somebody's making the decision, but based on what? There's, there's, there's, there's, we're, we are printing
Starting point is 00:49:01 trillions of dollars and just giving them away. Does anybody have anything that they're basing this on? Is it anything other than, no, well, he wants to give less, so I want to give more. What is all of this based on? There's no reality. There's no fact. There's nothing. Yeah, it's, it makes it, I mean, the, the hard thing is that even the scientists and the doctors don't know everything, they don't know everything about this virus because obviously it's new. And the rest of us, I know for me, I don't know what damn thing about viruses or pandemic. It's not something I really thought about up until now. I'm not an expert. So, you know, we're looking for, we need to know who we can trust on this and who we can listen to.
Starting point is 00:49:42 And, of course, we know we can't live, we can't listen to the media in the disinformation age that we live in. So where do you go? Who is in that? So who has there, Matt, who has? their credibility, because you've written a book, The Church of Cowards. And in the very first chapter, Christians not worth killing. I mean, that is quite a statement. And I think it's right.
Starting point is 00:50:09 I think it's true that they don't have any credibility either, many of them. Yeah, that's the thing you hear. When I hear this from Christians all the time, how they're worried about, you know, the possibility of some real violent person. attention happening in this country the way that it's happened, as we know, it is happening now in some other parts of the world. But the point is that it's, there's no reason for it to happen here. Anybody who wants to persecute the church here, there's no reason to go to that level because Christians are just abandoning their faith on their own, just very, are very happy to do it
Starting point is 00:50:43 without much encouragement. And so that's why I say not worth killing. We're sort of, we're not worth in this country, we're not worth persecuting. I don't think we've earned that in a, in a, a sense. Well, I think we're kind of like where Germany was. Germany, you know, the church was strong in Germany, but they sold out to the Nazis and replaced the pictures of Christ on the mantles. Within, I think it was a year of his becoming chancellor, most of them had already just said, oh, I give, okay, you're right. And they were holding meetings as a greater German church. to get to talk about it and seriously discuss the getting rid of the old testament in the Bible because of all of the Jewishness of it. I mean, there weren't, well, there wasn't a great persecution or persecution of the, of the German churches in World War II.
Starting point is 00:51:41 There were, there was a, a persecution of some Christians, but the churches by and large kind of went right along with it. Yeah, I think that's, I think it's a good analogy. That's what you see in our culture as well with so many churches that are, you know, it's not about going along with a dictator figure like Hitler, but it's more about going along with the culture and the culture of death and not wanting to resist or fight back because, number one, I think we've lost our, we've lost that sort of warrior spirit that used to be, has always been historically a part of Christianity from the very beginning. And also we've been told that things like tolerance are these great virtues. And so we can go with the flow and be apathetic and then dress and be cowardly and dress that up as tolerance. But of course, we know that tolerance is not a virtue at all. Tolerance can be fine, depending on what you're, but it all depends on what you're tolerating. And even if you're tolerating something good, it doesn't take a lot.
Starting point is 00:52:41 Think about tolerance is that you can do it from your couch with Cheeto dust all over your chest, where you're sitting there watching TV. It's really easy to tolerate things. It just requires you to literally tune nothing and allow whatever it is that's happening to continue happening. So it's not virtuous, and we know that as Christians are so many things that we should not be tolerating to the best of our ability. We should be resisting and fighting back against them. That's what, if you look, they pick up the gospel sometimes and read them. I think people need to actually do that, especially if you're a Christian.
Starting point is 00:53:07 And you're going to find that Jesus Christ, when he was walking around on Earth was confrontational. He was not a hippie peacnick figure going along to get along. He was confronting constantly and aggressively. Well, I have to interrupt. May I interrupt you, Mr. Matt Walsh. It's Joe P. reporter from MSNBC. And in your book, you describe the hangout Jesus, the idea that Jesus hung out with sinners and prostitutes. And that's exactly what he did.
Starting point is 00:53:38 You know, you're saying he was not a tolerant man, but he was hanging out with them all the time. He was having dinner with them, probably partying with them, you know, just hanging with the common folk. and you're this Jesus you're describing I don't recognize sir I will say I mean it's easy not to recognize Jesus you haven't read the you haven't read the the accounts of him in the in the Bible that's the thing he was
Starting point is 00:54:02 he was not hanging out I mean he hung on the cross for sinners and that's that's so that that's very true but that's the point it was the exact opposite of hanging out the way that we think of it wasn't just wasn't just hanging around and and and uh... and uh... paling around. This was about leadership and ministering to sinners. And I think those are the words
Starting point is 00:54:25 we should be using. So are you seeing a Christian response right now to COVID-19? Are you seeing the churches doing what they're supposed to? Well, I don't know because, you know, the churches, of course, across America. I know my church has shut down, as so many churches have. I guess most of them have. And I'm not going to call that a manifestation of a church of coward and say they're being cowards for doing it because, you know, I'm not in a position of having to make those choices, thankfully. And I know that so many churches, you know, they have a lot of older people. And so you have a responsibility to them and you don't want to put them in a position where they're going to be harmed. So I understand that. But church is really, church is not really for walls.
Starting point is 00:55:10 Church, what happens inside of those four walls is the least important thing, you know, when it comes to being a Christian. It's what you do outside of those four walls. So the building may be closed, but the church isn't closed. Right. That's exactly right. And I think that one of the really important things of the church needs to do now and Christians need to do now is respond. I think people are having, we already know there's a crisis of faith in this culture as it is. and then you throw something like this into it,
Starting point is 00:55:41 and people are asking, I get questions like this, and I'm not, you know, I'm nobody, but questions like, well, how could God allow this to happen? Why would God allow something like this? Where is God and all this? You know, the classic questions that humans have been asking through the ages. And it's a question that Christians need to start taking seriously and trying really hard to answer,
Starting point is 00:56:00 because that's another thing, but I think there are people in our culture who are losing their faith, and it's not always because they want to go run off and sin and because they're weak. it's really because they're you know they haven't been raised in the faith maybe they have legitimate questions they're scared or confused they just they need someone to come and take their questions seriously and address them and oftentimes I think we're afraid to do that you say you know when is when are American Christians willing to lay down their smartphones
Starting point is 00:56:28 let alone their lives for the faith how do you I think that the churches are not providing as you just said any real answers and really any real direction. It seems like you're telling a bunch of old stories that we've heard a million times, even though we haven't. We've heard a million times. I know the Jesus story. And they're not relating it at all to real life at all. And so people,
Starting point is 00:56:57 they get more out of their smartphone and they think that church and the Bible and everything else has nothing to do with them. and their life because the church has failed on that front. Absolutely. And I think, I mean, you want to know the thing that's responsible, I think, for leading, you know, millions, especially of young people, away from the faith, it's YouTube. And what I mean by that is they're young people, especially to go to college,
Starting point is 00:57:26 they find that their faith has attacked. They're being told all these things, presented all these arguments, presented a lot of information, much of it's false about the Bible and the history of Christianity. And so now they have questions, and they need to, they need to turn somewhere and ask someone, and they try to turn to their pastor, and all they get is just silliness and platitude. So they go to YouTube,
Starting point is 00:57:44 and they just start perusing and trying to find an answer somewhere in there, and then they get the wrong answers, and they stumble on all these other videos, and that's how they end up losing their faith, because, again, it's just there's not any real moral and also intellectual leadership happening in the church in so many cases. And I think you're right that so many people go to church, and they find that what it seems like to them, they're getting old stories, and they're getting, you know,
Starting point is 00:58:12 a little pep talk that has no connection to their actual everyday life and the moral struggles that they face. And if that's the case, then we're just going to continue to lose Christians in this culture. So what is the, what's your prognosis? Well, I think, you know, first of all, what we need, as we've been talking about from the church and church leaders, is a willingness to lead on a, you know, to show moral leadership and to engage with the culture and to speak to people on the level where they are and about the things that they're actually struggling with. But then also, I think we as Christians need to do, need to analyze ourselves and we need to think,
Starting point is 00:58:52 you know, there's a lot of extraordinary claims that we make, a lot of things that we claim to believe that are quite startling, honestly. And we have to think, do I actually believe those things? And if I do, well, that reality, that belief should infiltrate every aspect of my life. I mean, there should be no part of my life that is immune from this belief. And so then it's just a bit of a difficult thing to do. I've tried to do it and I've realized I'm failing in so many ways. But there are so many parts of my life that I've tried to kind of put in the box and say,
Starting point is 00:59:23 well, faith has nothing to do with that. That's separate. And it's just that's not the case. So I think that's a test we have to run for ourselves. the subtitle of the book is a wake-up call to complacent Christians. I think that's what coronavirus is as well. I think we can use this opportunity to get closer to our family, and I joke a lot about, you know, my family and, you know, being trapped.
Starting point is 00:59:47 Help me, Matt, please, to God help me. I'm trapped in this house with my children and their teenagers. I joke a lot about it, but I will tell you that if we can use this time to to explore our faith and expand our family relationship. It will be a time well spent. A great place to start just on examining is Matt Walsh's new book, Church of Cowards, a wake-up call to complacent Christians, a church of cowards.
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Starting point is 01:02:08 A lot of people in this country would be delighted to pay more in taxes. Finding yourself speechless, listening to progressive arguments. Arm yourself with the facts. Arguing with socialists. A new book from Glenn Beck. Yeah. Pre-order now on Amazon. Now we do our 10-second station ID.
Starting point is 01:02:35 You know, can I ask you something, Stu? Have you noticed how the free market is changing things. Did you see that they have now a test kit for your home that is coming out? Yeah, end of this month, right? Yeah. March 23rd, I think it is? They're saying it's going to be available.
Starting point is 01:02:54 It's like a week and a half. Yeah. It's crazy what the free market is doing, which is why arguing with socialist is so critical right now. I think this is the best time to make the case for the free market. that I've seen in a long, long time. Yeah, and it's been interesting to see the brainiacs in Washington attempt to make this issue fit their worldview, probably most prominently Alexandria Ocasio-Cortez, who said this was a great
Starting point is 01:03:27 example. South Korea was a great example as to why you need single-payer health care. I mean, it's hard to express how much that is wrong in every single way. I mean, yes, they have a single-payer health care system. but what they did with that single-payer healthcare system is decide to engage their free markets and have private businesses produce tests. What we did with our system was the exact opposite. We acted like a single-payer system.
Starting point is 01:03:53 We ran everything through a centralized planner, the CDC in this particular case, did not allow private businesses to create tests, which is what made the delay occur. We had this long delay where we had people who had tests and wanted to create them. would submit them and be rejected by the CDC because they didn't go through, they didn't wait, they didn't have a long enough time. There's certain, you know, documents and things that you need to do. Some of those things might make some sense in a normal situation. In the middle of a pandemic, you need the tests. And we could have had them a lot faster if we would have done the same thing South Korea did, which was embrace the free market. You want a whole bunch of people
Starting point is 01:04:34 working on a whole different avenue, you know, and you get that. when everyone is a laboratory, everyone can solve something. You'll notice that when things started turning around, when they said, Governance not doing enough. How did he turn it around? He started making partnerships with the free market and said, look, I'm going to take some of these restrictions off you.
Starting point is 01:04:58 Go do what you need to do. Let me give you this. There's a taco spot right now that is having a problem. They had to shut down everything. So I had all of this food. And what are they going to do with this? it. The owner of the store calls his mom and says,
Starting point is 01:05:13 how you doing, mom? She said, I got to go and get some toilet paper and some eggs, just some basics. He's like, you're not going outside. Here, I'll give you the eggs and some of the stuff that toilet paper rolls from the store because we have to close down. Then he had an idea. Why don't we deliver the eggs and the toilet paper and everything else? These are businesses
Starting point is 01:05:31 that would close their doors instead. They're finding new ways to serve people through this system. It only makes sense. All right. Is our sponsor American Home Financing? Oh, it's CarShield. Let me tell you about CarShield.
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Starting point is 01:07:25 We may be talking to somebody today. We also have. Yeah, who actually hasn't. We also. Yeah, I'm sorry to interrupt. Yeah, we, wait a minute, I'm not interrupting. You're interrupt. Well, who gave you the, anyway.
Starting point is 01:07:38 We have a guy. His name is Hunter Howard, 50 years old, came back from a ski trip in early March. Within a week, he realized, oh, crap, I think I have the coronavirus. He was the first guy in Dallas to have it. He's recovered now. He's going to be on with us in just a few minutes, telling us what it was like. but there's some new stats out that show all of this about it's not affecting young people seems to be kind of not true.
Starting point is 01:08:08 Yeah, they're saying now 40% of those hospitalized in the United States have been between 20 and 54 years old. So not elderly, not anywhere near that in many cases. And this also repeats what we saw in France, what they had, I think it was 300. people who are in intensive care and about half of them were under the age of 60. So this has been one of those situations where you realize as it goes on, we don't have all of the information and we're trying to make snap judgments without it. It's tough though. I mean, what do you do?
Starting point is 01:08:49 Like, there's a, there's a great article that's been making the rounds that basically outlines this fact. And we don't know how fast it spreads. We don't know what it's going to do. we see the worst case scenarios. We can imagine the best case scenarios, but we're making decisions based on a lack of information. And that's absolutely true.
Starting point is 01:09:08 However, when the worst case scenarios look like they do, and they're this close, you know, day to day, it's not like global warming where the worst case scenario is really bad, but it's, you know, decades into the future. And, you know, that's a totally different situation. This is a situation where, like, if you wait three more days, you may have tens of thousands of more people that have this virus. And you can't do that.
Starting point is 01:09:35 Can't afford it. Right. And, you know, here's the thing. We're going to make mistakes. Mistakes are going to look back and go, well, that one was stupid. We're going to make those mistakes. But we should correct them as soon as we figure out that that was a mistake. And I'm not sure.
Starting point is 01:09:51 We are running now like chickens with our heads cut off to where we're, We, what is the, why are we making some of these decisions? And I think that there is a case, uh, to be made that the, the, you know what? I'm going to, next hour, I'm going to give you a, I'm going to give you a list of things that I know, things that I know. And then things that my gut tells me, because there are different, there's difference there. And I know this is an actual real pandemic. I know this is not a bioweapon or anything else. But I think there are those who are using this to really hurt us and hurt the entire capitalist system to reset the system.
Starting point is 01:10:43 There's something else, too, that we have to be really careful of. Trump just said that he was closing the guest worker visa thing. down at the border. That seems right off the top of your head a good thing. Except I grew up in the Pacific Northwest. I grew up on the West Coast. Migrant farmers and migrant workers are critical to our food. So we can't say no to migrant workers.
Starting point is 01:11:15 It's not like it used to be where, well, we'll just get our boys and girls out there and they'll just pick the berries. and till the soil and make sure that we have... They're not going to do it. They're not going to do it. We do need these migrant workers, and I hope somebody in the White House
Starting point is 01:11:35 is thinking again about the farmers because the farmers are starting to scramble. This is the kind of decision that if you don't go back and say, okay, wait a minute, wait a minute, wait a minute. Yeah, but there is a visa program. There is a migrant worker thing that we may have to make an allowance for. Otherwise, we have no food.
Starting point is 01:11:56 And to be clear, you're talking about legal immigrants here, not illegal immigrants. Yeah, yeah, yeah. No, visas. You know, you're a migrant worker. And he's going to stop all of that. We can't stop all of that. We have to have the H-2A agricultural visas. We have to have them.
Starting point is 01:12:16 All right. Our guest is not joining us. Is this right? Do we have, we had no guests? Okay, so reschedule him for another time other than, you know, now. Let me give you an update on guns. Yesterday I went to my doctor. I got an injection in my back.
Starting point is 01:12:39 And, you know, they put you under for that. And they give you basically truth serum. And so it's funny because my wife is usually at my bedside, and she was, you know, she's usually there when I wake up. And she, Ian generally makes notes of all the funny things that I had said, that I don't recall. Well, this time they, you couldn't, nobody was allowed in except for the nurses and for me. And so I'm fine and I come to, I have no idea what I've talked to these guys about as I'm in recovery.
Starting point is 01:13:19 and then afterwards they all kind of came by my bedside and they're like, okay, can you tell us what do you think is happening? What do you think is coming? What should we do? And my first memories are me saying, yeah, you got to go out and buy guns. You got to, I mean, it's time now. You got to go buy guns. What are you doing?
Starting point is 01:13:39 Where's your bank account? You've got your money where? I have no idea. I have to call them all and say, whatever I said to you, I don't know if that was. I don't remember the advice I was giving to you yesterday. Take it with a grain of salt. But one of them was telling me that he went in and tried to buy some ammunition here in Texas. And he said, it was crazy.
Starting point is 01:14:08 Just got a call from a friend of mine before we started the show. And they said, hey, just want you to know. It tried to get a gun at Cabellas or wherever here in Texas. and they said, it's a 30-day wait. The government is so backed up with background checks. It's a 30-day wait to be able to get a gun. Now, I don't know how much of that I believe. I mean, it is the Trump administration, so I tend to believe they're not doing this,
Starting point is 01:14:41 but this is the kind of thing that the government does all the time, at least in other administrations like Obama and before. that Clinton where it's like, oh, you know, our computer thingy mid-jig is down and we don't have the Mcjigger guy to come over and fix it yet. So it's going to be a while before we can get that through. And as soon as, you know, as soon as, you know, George Bush is elected, oh, the computer said, the thing of a jig's working again. So I'm not sure what that is, but there may be a huge run on guns right now.
Starting point is 01:15:16 Well, especially, I mean, if you, if they tell you you can't leave your house, right, you're going to be in your house. We're looking at a potential economic, you know, catastrophe at some level, right? We're looking at potentially at least in recession. You might want to want to have guns at your house to protect your home. Yeah. We are now talking about a depression. You know, I thought I was way off the rails and I was nervous to say it just but two weeks ago. I said, I think we could be in a depression by by this time next year.
Starting point is 01:15:52 I think we could be in a deep depression. And I remember hesitating. Last night I read, we might be in a depression by the third quarter of this year. Summertime. We could be in a depression. And when you see the stats, I'll share them with you next hour. when you see the stats of what the Fed is doing and it just doesn't add up to all coronavirus. It just doesn't.
Starting point is 01:16:26 It doesn't. Yeah. You know, the other thing too, Glenn, is you always have to do a cost-benefit analysis when you look at something like this, right? What's the cost-benefit analysis of us being at home for a week or two? There's economic consequences to that could be bad. We're going to spend a bunch of money. The government's going to obviously throw money at this problem and try to solve it. so far they've been completely unsuccessful with those efforts. They've done absolutely nothing to
Starting point is 01:16:47 calm the markets. But at some point, we have to look at and remember that the economy is not the way it gets summarized, which is, do we get to go out and buy new cars? Do we have nice homes? Do we have nice things? Do we have a savings that's growing and a 401k that's growing and our retirement and vacations and all of these sort of frivolous parts of the economy? One of the one of the of the reasons why civilization exists is because of this economy. Lives, if this economy and capitalism gets destroyed because we stay home for several months and it can't recover and we lose all of the rights and freedoms that we've had, this also costs lives, lots of them. And so while... Many more. Yeah. I mean, many, many more. Obviously, long term, it's much worse than the virus if we
Starting point is 01:17:39 were to, let's say, lose capitalism, lose our economy. It's not just about selfish things like I want to go buy things for me. It's about a system that has ripped billions of people out of poverty. And if we lose that system or at least lose giant chunks of it, it's going to cost a massive amount of life. And so you have to look at those things at the same time. You know, a pause in the way that we normally live with the effort to be able to be able to prepare and guard as many lives as possible because of this virus is something
Starting point is 01:18:14 that's really reasonable. And I think America so far is doing a great job accepting it in really difficult circumstances. But on the other side of that, it can't be, it can't be an eternal thing. We have to figure out a way to be able to go back and live our lives because we lose this economy. We have to lose a lot more than just money. Let me tell you this. I'm getting a lot of this email in. Dear Mr. Beck, I want to thank you for sounding the alarm more than 10 years ago. about having emergency supplies of food, water, and medicine on hand just in case. I took your suggestion to heart, and from that point on, I slowly built up our supplies. This week, we didn't panic when stores were short of supplies.
Starting point is 01:18:51 We didn't have to wonder how we would feed ourselves or get necessary medicines. We had everything we needed on hand. I just wanted to thank you from the bottom of my heart for planting those seeds of preparedness all those years ago. You're such a blessing. Thank you, Connie. Glenn, I just want to thank you for telling us years ago to be ready for an emergency several years ago. Heeded your advice and stocked up on food and basic necessities. I'm not worried, nor am I hoarding supplies.
Starting point is 01:19:15 Many, many, many, thanks. May your family be safe. I miss you since you're no longer on cable, but I can get you on radio. Susan, you can also, Susan, get us at blazTV.com where we did a special last night on the coronavirus. And we had our guest. We had a great guest canceled during the broadcast. And they said, I'm sorry, got to stay engaged at the hospital.
Starting point is 01:19:39 she's one of the leading experts on viruses like this. So we had to scramble and find somebody else quickly during the broadcast. It was a little hairy, but we pulled it off and have a great guest. She was just on Dr. Oz, I think, yesterday, talking about, you know, what we're really actually facing. She had some really interesting things to say and some really good answers for you. if you'd like to see that, you can get it now on demand at any time at blazedtv.com. That's blazTV.com. Also, we haven't made a big deal out of this, but I think it's kind of a big deal.
Starting point is 01:20:18 It's the new cable, really. There are all these different outlets where you can get shows, but Pluto TV is really like TV. It's got the show guide, the channels, everything. It's just on your phone or on your laptop or iPad or whatever. And you can, you know, put it up on your TV as well. It's called Pluto TV. It's free, isn't it? Yeah, it's free.
Starting point is 01:20:43 Yep. And you can get it and watch us at any time on Pluto TV. Thanks Pluto for carrying the Glenn Beck program and Blaze TV. All right. Here we are on a Thursday. And let me give you a pro survival tip. When you're assembling your bugout bag, you know, the thing you have to, You know, you've got to pack up all your essentials for a living.
Starting point is 01:21:12 And when the coronavirus mutates and starting putting people into zombies, remember, once you're a zombie, you know, how you went into zombiedom is pretty much how you last. And I don't want to be unshaven as a zombie. I still want to look good. And I don't want to have a rash or ingrown hairs, you know, from for the rest of eternity until somebody shoots me in the head because I'm a zombie. No, don't do it. May I propose, you take a small bottle. of shave secret.
Starting point is 01:21:41 You pack that with all your emergency supplies. You pack that in your drawer. It's in my drawer right underneath my sink. I use it all the time. You take three to five drops. You put it in your wet hand. It's a proprietary blend of essential oils. You rub them in your hand,
Starting point is 01:21:57 and then you put it on your beard, and your razor will fly over your face. You'll have a clean, close shave. Essential oils now from shave secret. You can find it regionally at 8,000. H-E-B and Wegman's grocery stores, but it's available also at Walmart, available online at Amazon, or you can go right to the source at shavesecret.com. If you do go to shave-secret.com, use the promo code Beck on their website
Starting point is 01:22:27 and get a 10% discount now, shavesecret.com promo code Beck. You're listening to Glenn Beck. Fully peer-reviewed study has just been released after six days. 100% of patients treated with this new vaccine, if you will, have been cured of the virus. After six days, 100% of the patients treated, we have the guy who is the guy who made that announcement yesterday. He's ahead of this company. we have him on in about 15 minutes you'll want to hear this interview. We just booked him.
Starting point is 01:23:32 He'll be on with us in just a few minutes. That's pretty amazing. And thanks to the free market. There's also another story out. Thanks again to the free market that we're going to be able to have home testing. You'll be able to have a home test for COVID-19 within the next two weeks. So we have that going for us. On the other hand,
Starting point is 01:23:55 I need to give you a significant warning about cash that I just received what the banks are saying and what is happening around the world. We're still behind the rest of the world, and that's good news for you if you are informed. That information comes up next in our COVID-19 report. You're listening to Glenn Beck. Ever since we got Uno when he was a little puppy, he was a picky eater. Well, I recently found out why. Do you know that dry dog food has to have a two or three year shelf life? Dry dog food manufacturers sterilize the food when they make it,
Starting point is 01:24:38 and that means they have to kill anything that might be alive in your pet's food that's good for them. The unfortunate side effect of this and this whole process is they kill all the good stuff. Probiotics, enzymes, vitamins, healthy microbiacteria. These are all things that your dog needs but doesn't get from their food because it's dead food. Recently, I learned about Rough Greens Vitusmart. First of all, it's not a dog food. It's a healthy supplement that puts into your dog's food, all of the live nutrients necessary for superior dog health. Take the Rough Greens 14-day jumpstart challenge today for just 1495 and see the difference in your dog in 14 days or less.
Starting point is 01:25:16 Just go to roughgreens.com slash back. That's RUFFF Greens.com slash back. Call today, $833, Glenn 33. $2,3,316. That's an important number because according to the FBI, that is the average dollar loss from a single break in. It can derail you financially, not to mention how creeped out you are. Have you ever been broken into? It's a creepy, creepy feeling.
Starting point is 01:25:38 So here's my advice. Protect your home with Simply Safe. The go-to guys for home security, at least for me and my family, they are masters of protection now. Simply Safe protects every door, window, and room with 24-7 professional monitoring. They'll make it easy on you. There's no contract, no hidden fees or fine print. Plus, you can set this system up all by yourself. Anyone can do it.
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Starting point is 01:26:17 Get a free, SimplySafehc security camera. Normally that camera's $100 but it's yours free today. Simplysafebeck.com. The fusion of entertainment and enlightenment. Hello America and welcome to the program. Our coronavirus update. Some very, very, very important information coming your way all this hour. We're going to start with just the stats.
Starting point is 01:26:52 Then I'm going to take you to the banks. Then we have the guy who announced yesterday. He says, my company has just come up with a cure. It's been in trials for six days. 100% cure rate on coronavirus. we go to that coming up in just a second, not a second to miss on today's program. This is the Glimbeck program. So economic crisis, no economic crisis.
Starting point is 01:27:20 This is still America and we're still Americans, which means we're principled people. And folks like you and I, you know, we take a stand for what we believe in, especially when the opportunity presents itself. Patriot Mobile is the only mobile phone provider that I know of that is not donating to things like Planned Parenthood. And they do donate a portion of the profits that they make into organizations fighting for values you do believe in, like the right to life, Second Amendment, religious liberty, and support for veterans.
Starting point is 01:27:53 This is a company that gives us a chance to stick together in our troubling political climate and actually not give to the other side. That's the biggest problem. Look, you got to use your phone, right? You're going to have a phone. you need great service well everybody is using the same cell towers now so the service you know far as the can you hear me now that stuff it's it's pretty much the same all around now the customer service when you have an actual one-on-one encounter with somebody that can vary and with
Starting point is 01:28:25 patriot mobile i think it's much much better the price of the product can vary and it's much better with Patriot Mobile. So you don't have anything to lose. They're going to make it really simple for you to switch. And here's the thing that just makes it a slam dunk. The phone companies that you're doing business with right now, they're taking a portion of what they make and they're donating it to causes you're against.
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Starting point is 01:29:10 It's patriotmobile.com slash back. That's patriotmobile.com slash back. All right, let me run down some of the stats. Total confirmed cases worldwide, 225,000 up from 202 just yesterday. Total confirmed deaths worldwide, 9,276 up almost 1,000 deaths. yesterday. Total confirmed worldwide record that are recovered are 85,000 now. That's up about 3,000 people. 176 countries now have confirmed cases up from 176 yesterday, 167 yesterday. Seven more have suspected cases. Five percent of active cases are now considered serious requiring
Starting point is 01:29:57 hospitalization. That's down from 6 percent yesterday and 19 percent just three weeks ago. This incredibly good news. All right. So I want to, I'm going to give you some more stuff, but we want to get to the guy who's going to announce today or just announced yesterday that that does look like there is a cure for this. And his company says it has it.
Starting point is 01:30:23 But I also want to talk to you about something that I find incredibly important. We touched on this yesterday. Two leading European banks now, 1400 banks between these two European banks or 1400 outlets have closed more than a third of their branches in Germany. And they are publicly proposing that digital banking can limit the disruption of these closures. Banks in Britain, Spain, France, likewise asking customers to go online. In Italy, 900 branches of the country's biggest retail bank now open in the morning only. Some of its smaller branches are down to operating three days a week.
Starting point is 01:31:04 They have outright closed 122 branches. Yesterday, that bank began testing the system that requires customers to book an appointment in order to be able to enter the bank. Unicredit, which has 4,000 branches, is now closing all but a limited number of branches in each region. Other Italian banks are following suit. I think we are headed towards a banking holiday for different reasons. but this stuff is coming. As we look towards the future and we wonder the effects of things,
Starting point is 01:31:39 how's the availability of cash? How are you able to get cash? You're not getting cash. They're going to try to move us into credit cards and electronic payments. And we're going to do it far faster, I think, than Europe. As of today, the ready availability of cash in the U.S. is already somewhat reduced. Banks are enacting new restrictions and limitations on withdrawal.
Starting point is 01:32:07 Many bank branches are already limiting their operational hours. There is a possibility, I want to stress this, there is a possibility of cash shortages because of what's happening with the banks and what is happening with the Fed. I will tell you that I wanted to withdraw some of my money because I believe that you should have at least a month. month's worth of cash to be able to cover all of your bills. You know, if all of a sudden the banks took a holiday, do you have enough to make it
Starting point is 01:32:38 through a month? It probably wouldn't be a month of bank holiday. But if they're closing all of the branches, we don't know how long it'll be before you can get any kind of cash of any kind of size. So do you have a week's worth of cash? Do you have a month's worth of cash if you can? I called my bank on Monday or Tuesday, I think it was. and I told them that I wanted to come down and just take out a month's worth of cash,
Starting point is 01:33:05 just out of my checking account. And they said, ooh, wow, I don't even know how you do that. I do. I walk in and I give you a little slip and then you give me a whole bunch of pieces of paper. That's how that works. Kind of the opposite of when I gave that money to you. Do you remember that part? They said, this is Tuesday.
Starting point is 01:33:29 They said, okay, can you come in on Tuesday? And I'm like, well, it's today. No, next Tuesday. It took a week, a week. They're not wanting to give out cash. May I suggest you obtain and maintain a some sort of cash supply just for food and other necessities, but it also might help you gain assistance in the future if things get really, really bad. Do not hoard cash.
Starting point is 01:34:01 Do not take everything out of the bank. Just have enough cash for a week or if you could afford it a month worth. And don't get it in $100 bills because anybody who is, if there's a shortage of cash, you don't want to have hundreds. You want to have 20s. You want to have 50s because people aren't going to be able to make change. and I urge you not to panic and not to go in and pull all of you. If you pull all of your money out of the bank, it's going to make things much worse.
Starting point is 01:34:40 So don't do that, but do go and get some money and have cash on hand. All right. Let me take a quick break and then we're going to come back with some, I think, some really exciting news. that just came out just last night. We'll go there coming up in just a second. First, there's an ever-growing list of ways that cybercriminals can get your information these days. Sometimes I think they're so used to it and we're so used to it. We don't even notice it as a danger anymore.
Starting point is 01:35:17 It's like living in one of those places that, you know, gets natural disasters every year. Like California and you're like, oh, yeah, the neighbor's house is down at the bottom of the hill. Hey, what are we having for dinner tonight? It's kind of like that. cybercrime is a part of our lives. And identity theft, serious issue. Somebody's identity is stolen every two seconds, and you're going to miss something if you're only monitoring your credit.
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Starting point is 01:35:59 percent off your first year by using the promo code back. 1-800 LifeLock or head to LifeLock.com. Use the promo code back and save up to 25% right now. After the 100th time scrolling through your feed today. Sarah, maybe you need some new reading material to get you through the quarantine. Please. We got you. Glenn Beck has a new book called Arguing with Socialists.
Starting point is 01:36:22 And you can pre-order it now, wherever books are sold. 10 seconds. Station ID. So we have Gregory. Rogano, he is a Stanford advisor, Spark. He is the project lead of the clinical trials for COVID-19 prevention. Last night, he made a pretty remarkable announcement, and we are keeping our fingers crossed that it is true. Greg, welcome to the program. Thank you for having me on, Glenn.
Starting point is 01:37:04 Sure. So tell me what you've discovered, what you have, what it means, and how fast can it get out? So really this is the key item here is that we don't have time. This disease is growing at an exponential rate of 10x. So we need to proceed immediately. We do not have time and we need to shut this disease down right now. It's a matter of national security. So specifically, I just want to lead with this that the president of the United States of America, our commander and chief, as the authority to authorize the use of hydroxychloroquine against coronavirus immediately. He's cut more red tape at the FDA than any other president in history.
Starting point is 01:37:50 And for example, in 2017, the FDA approved a muscular dystrophy drug based on an uncontrolled trial of less than 15 patients. That's one five. And the drug was approved by the FDA. So what I'm here to report is based on a well-consult. controlled, peer-reviewed clinical study out of the south of France by the most eminent infectious disease specialists in the world, Didier Raoulz, MD, Ph.D. He enrolled 40 patients, which showed a 100% cure rate after taking two generic drugs, hydroxychloroquine and eczetromycin,
Starting point is 01:38:35 100% cure rate against coronavirus within six days. The study was released yesterday morning on my Twitter account, Rigano ESQ, and also on COVID trial.io, and was recently accepted into the International Journal of Antimicrobial Agents by Elsevier. We are in contact with hospitals across the country and around the world, and they're implementing this protocol immediately. So what is it that you have? I mean, do we have to have more trials that you say the president needs to open this up? What is the next step? Do you have the finished product and can it be mass produced?
Starting point is 01:39:23 The finished product are generic drugs that have been around for over 50 years. So hydroxychloroquine is an anti-malarial drug that was developed in response to American soldiers coming back from World War II. in the Far East that had contracted malaria. It has a high-quality safety profile and has never come off the market since about 1955. It is used on a regular basis to treat autoimmune diseases as well as rheumatoid arthritis. So this is in literally every pharmacy in America, and this can be implemented today. it's very inexpensive. It's a generic drug.
Starting point is 01:40:12 The data is unrefutable, and the president can proceed immediately. Again, the FDA has approved drugs based on clinical trials with less patients and in only one clinical trial. This can happen right now. Well, this doesn't seem like it's a hard thing. I mean, you're not making, these are both generic drugs, aren't they? I mean, Zythromycin has been around forever. Correct. I mean, who has not heard of a Z-PAC? Right. So it's not like your standing or this doctor is standing to make a lot of money on this, correct?
Starting point is 01:40:50 It has nothing to do with that. It really has to do with where we're in a global crisis right now. The world is shutting down. The airline industry is having significant difficulties. You know, people are getting fired from their jobs. There's massive layoffs. the infection rate is growing at an exponential rate. ICU rooms are getting overfilled. And most importantly, the doctors and nurses on the front lines, that's who is at the biggest risk. And we need to take care of them right now,
Starting point is 01:41:26 and this can happen immediately. This protocol needs to be disseminated through the scientific community. Any human being that is listening right now, please disseminate this protocol, which can be found at COVID trial.io, or my Twitter account, Regano ESQ, disseminated to any scientist, medical doctor, or nurse that you know. Have you talked to the White House? We have a direct line to them, and we're waiting for them to reach out. It's remarkable that you haven't heard from them, because I think this is kind of the shot
Starting point is 01:42:08 that was heard around the world last night. It's nothing new. These drugs have been tried separately. There's no indication that these drugs used together have any kind of ill effect? So the trial showed that there was a 100% cure rate in six days. Both of these drugs have a very high quality safety profile. Again, please submit this protocol to all scientists, medical doctors and nurses throughout the world and let them make the peer-reviewed decision.
Starting point is 01:42:42 And, you know, with respect to the White House reaching out, so we know that President Trump received our white paper within 24 hours after it being published. Dr. Fauci is doing an excellent job, and we know that they're going to make the right decision. This is a matter of national security, and, again, this can be implemented right now, and the scientific evidence here is really unrefutable. Okay, great. Thank you. it's Regano ESQ that's R-I-G-A-N-O
Starting point is 01:43:14 Regano ESQ or you can find the information at the web address I'm just looking forward it's COVIDtrial.io COVID-trial.io Thank you so much.
Starting point is 01:43:28 I appreciate it. I just have one last point. Do you have 30 seconds? Yeah, sure do. So in addition to this, what's most important is that we stop the transmission of the virus. So it's great that we found a cure that works, but we must stop transmission. So there's strong scientific evidence that hydroxychloroquine will function as a
Starting point is 01:43:48 preventative to stop the transmission. And we're starting that trial immediately. And we are asking the government for their support, both financially and scientifically. And if we start this trial today, which we have already done, we will have results within one to two months guaranteed. We're active discussions with Elon Musk on Twitter. Please follow along the conversation. And again, any doctor or nurse that wants to participate, please go to COVID trial.io. Thank you.
Starting point is 01:44:22 Thank you. I appreciate it, Greg. You know, Stu, I was reading about this last night, and one of the things that caught my eye was that Elon Musk is all over this. Yeah, yeah. And I think it's going to be guys like that that really changed things. this I didn't realize that these were two drugs that are already out in the market. I can't imagine why we're not we're not taking that seriously.
Starting point is 01:44:47 Well, two things. Because it was relatively effective apparently with SARS, which is a very close sort of cousin of what we're dealing with now with COVID-19. The other part about this is the president is about to have a press conference of the task force for coronavirus. And they are expected to be announced. announcing that there will be a lot of restrictions taken off for new drugs and attempts, you know, unapproved drugs, as well as, you know, anything that can help this situation. They're going to try to take the reins off here of the system and let people try to solve this thing.
Starting point is 01:45:26 And, of course, there's going to be controversy over that because, you know, you have all these layers of bureaucracy that normally would manage this process. but obviously in this situation, you know, you just got to move forward as fast as you can. And this has, at least by reports, has shown promise when it comes to the drugs that he was just talking about. Not only did it show some success with SARS, but it's believed that this can do some damage in this situation, which would be really, really positive. Again, we don't need, the vaccine is something that we always talk about. And that's great. We'll get a vaccine eventually.
Starting point is 01:46:00 but the issue is, you know, coming up with a treatment is a really big deal. Just having something that can take the person who's on a 10 down to a 7 on a 1 to 10 scale is a massive difference between life and death. And if we can just get there, this totally changes the situation. This is a dream come true. If this is true, if this actually works, the markets, should shoot right straight back up. Yeah, we got to stop the, you know, we got to stop spreading it.
Starting point is 01:46:37 Yeah, well, but if I have two drugs that are widely available everywhere, it's like a Z-pack. It becomes like the flu. Maybe older people should stay, although there's some new numbers on that as well. But it's not this, you know, two years from now we're allowed to leave our house kind of situation. I think this changes everything is if it's true. Why isn't this the biggest story everywhere?
Starting point is 01:47:04 Well, it is a big story. I mean, I covered it last night on Stu Does America. I know ABC News has done some stuff on it. I mean, you know, I like the fact that he's incredibly, you know, optimistic on these reports and he really thinks that this is going to be the solution. I don't know that that's the overwhelming consensus yet, but there's some real hope from doctors that this could happen. So, you know, look, there's a reason why they're looking for trials.
Starting point is 01:47:30 He's saying it's going to take a couple months to get full results. And, but that, that, if that was it, right? Like, if, if this is the solution or at least can just take off the edge off the top of it, it's a huge development. Human, human trials, both of, both of these drugs have been okayed before. Why doctors couldn't prescribe both of these drugs, they should be allowed to try them on patients who are, really sick. I want to talk to you a little bit about Goldline. Things are getting crazier.
Starting point is 01:48:07 In just a few minutes, I'm going to share with you some information about what's happening with the banks and what's happening at the Fed. There's something really, really, really wrong that's going on. And they are now saying that we could hit a depression by the third quarter of this year. That is something none of us have ever seen. scene. And if you had grandparents, like I did, I'm 56. So if you're around my age, you remember your grandparents, they were freaked out by the word depression. It's something I don't really want to live through. May I suggest you put some of your money, my grandfather's
Starting point is 01:48:47 voice keeps coming to me, those who made money, had money in the Great Depression. Those who had money didn't lose money in the stock market and everything else. Please, please consider putting some of your money into gold or silver right now. Call Goldline now at 866 Goldline. One 866 Goldline or Goldline.com. Have money to be able to survive. Please put your money, some of it, in gold. 866 Gold Line. Glennbeck's arguing with socialists. Come out, comes out on April 7th. He can pre-order it now at Amazon.com. This is the Glenn Beck program. We're going to be monitoring this press conference. President Trump said this is going to be a very important press conference. Stu, do you want to monitor and keep it on in the background?
Starting point is 01:49:46 Well, we have some other information we have to give that I think is really important as well. Sure, yeah. I'll keep an eye on it. Keep an eye on it. I want to talk to you a little bit about a word that we haven't heard about since 2008. Derivatives. Derivatives were what everybody said. you know, was the real problem with 2008. And it's a bet made on an outcome of a future event. This is the banks going to Vegas. And let me give you an example.
Starting point is 01:50:22 Let's say six months ago in October, Stu put money down on the table and he said, you know what? I'm going to buy, I'm going to buy oil in six months for $50 a barrel. And Stu was purchasing. the right to sell a barrel of oil to another buyer at a given price. In October, oil was trading at $62 a barrel. And so I believe that it would be worth more than $62 a barrel. So I agreed to buy it from Stu at the price of $50 a barrel. Well, Stu is short oil, believing the price would
Starting point is 01:51:00 go down. I was long on oil, believing the price would go up. So the future's contract between us is the derivative. The value of the contract in the future is derived from the actual price of oil down the road versus time the contract is generated. On the contract expiration date yesterday, the price of oil was trading at $24 a barrel. So now I would have to honor my contract to buy the oil from Stu at $50 a barrel. So Stu is making a huge profit because I'm paying double what oil is actually worth. if the price of oil had gone up to a $100 a barrel, I would have been buying it at a huge discount,
Starting point is 01:51:41 and I would have been the one making huge profits. Okay, so the trading of this, the risk is because this isn't being done generally by private citizens. This is, if all derivatives were between, you know, me and Stu or you and me, we wouldn't have a problem like this. It would be the investors who lost or made the money when the contracts were closed. But what makes derivatives so dangerous is that most derivatives, they're between investors and banks.
Starting point is 01:52:16 So when analysts are talking about the derivatives exposure, they're talking about the position that banks have taken in derivatives contracts. And the possible payouts that a given bank may have to pay out when a price rises or falls dramatically. So it's our banks and our investment houses that are making these private casino trips, and it's very, very dangerous. Let me go back to our example. If Stu is short of the oil market, and it was the same right to, you know, he had the right to sell a given amount of oil to a buyer for $50 a barrel. But instead of a single barrel, we were talking about $4 trillion worth of barrels. instead of me being obligated to buy oil at $50, let's say I'm Chase Bank.
Starting point is 01:53:06 When that contract is due, Chase has to come up with $4 trillion to buy oil from stew at $50 a barrel. But the oil is only worth $24 a barrel. So what happens? If it were you, if it's the bank, they're forced to sell other assets to honor the contract or they have to borrow money from another bank like the Fed. So when prices are making big moves in underlying assets like natural gas and oil, copper, silver, steel, banks have this huge, huge exposure. And since investment banks can also be savings banks, listen to me carefully, this is why this is so important, since investment banks are also savings banks where regular people have their money deposited for things like, I don't know, your retirement or whatever,
Starting point is 01:53:58 that's where Main Street is exposed to all of the risk because the deposits can be used to cover the investment losses of the bank. In fact, last Monday they said these banks don't have to have the money on hand to cover the deposits. They usually have to have 10% of that cash on hand. Don't worry about it. You can use all that cash for whatever it is you want. We'll cover the short for you. That's the Fed talking. this is one of the reasons why I am very concerned about a run because with our market going down as much as it has,
Starting point is 01:54:37 people are having to make up for those losses. And I don't mean like you and me, I mean these giant banks are having to make up with these losses. And already we have pumped trillions, trillions of dollars into the system through the Fed. The Fed's cumulative loans, by the way, of these overnight loans paid back, supposedly, within 24 hours. Since September 2019, they have given $9 trillion of loans to the banks. $9 trillion. Now, note that from 2007 to 2010, the Fed was also doing these operations, and it was a total of $16 trillion.
Starting point is 01:55:30 But that's 2007 to 2010. Wait a minute. This is since September of 2019. This is just a few months ago, and we are already halfway there. Now, remember, these are loans that are supposedly paid back. That's not the same as the Fed dumping new cash into the system that stays there. It covers the short-term fluctuation.
Starting point is 01:55:55 Here's why this is so concerning. Remember that CDOs were the things that caused all of the problems, they say, of 2008. That's our derivatives market. Our banks now are in way past their neck. I've never used this number, except as a joke. I've never used this number before. I've never seen this number in any news report until yesterday. The total size of the banking derivatives market is over a quarter quadrillion dollars.
Starting point is 01:56:45 That's $250 trillion. If we take every bit of money that is out in the system, and I mean even from, you know, some distant land where they are just trading in clamshells, whatever is counted as money, we take all of it in one heap. That's about $50 trillion. If we take all of every dollar that is earned all around the world for a whole year, that's about another $50 trillion. We're not even halfway to the derivatives market.
Starting point is 01:57:23 That's 250 trillion or one quarter of a quadrillion dollars that they have on the table. And the exposure on those three banks, Chase, Citibank, and Goldman, the exposure is over $40 trillion each. They know we're headed for a depression. They know we're headed for a depression because they've got all this money that's being called. and they don't know what to do. I, you know, there are things that, there are things that I believe,
Starting point is 01:58:08 and I will say out loud, and there are things that I don't. At least I don't say to the family. You know, I'm not getting my kids together and I'm not telling them, hey, the real number of the infected is far more than we know. But I believe that. But I don't say it to my family.
Starting point is 01:58:29 There are going to be shortages of, that none of us have ever experienced before. We already are. Hospitals are going to be overwhelmed. First with a lack of supplies, then possibly with an overrun of patients. And then finally with a lack of staff. I believe that. I'm not saying it out loud to my family.
Starting point is 01:58:48 Just because of proximity, healthcare workers are going to suffer far more losses than anybody else. And that's going to exacerbate the problem of treating other people. Health care system, going to be overwhelmed. may actually collapse in some parts of the world may collapse here. I don't know. There will be haves and have-nots. I know this to be true, but I don't say it to my kids, scare them.
Starting point is 01:59:18 There's other things that my gut tells me that I don't say out. I don't get to those in a second. We've got to go into the press conference. Something important is happening in the president. When you go with a brand new drug, you don't know that that's going to happen. You have to see and you have to go a long test. But this has been used in different forms, very powerful drug in different forms. And it's shown very encouraging, very, very, very, very.
Starting point is 01:59:38 very encouraging early results. And we're going to be able to make that drug available almost immediately. And that's where the FDA has been so great. They've got through the approval process. It's been approved. He's talked about several here as you were crossing over. Many, many months. The whole press conference has been about this type of thing, making these drugs available
Starting point is 02:00:06 that are already on the market and also new ones. rushing them through trials. And he wants to be right on the, he wants to be first on line. And so I think that's a tremendous, there's tremendous promise based on the results and other tests. There's tremendous promise. And normally the FDA would take a long time to approve something like that. And it was approved very, very quickly and it's now approved by prescription. individual states will handle it.
Starting point is 02:00:41 They can handle it. Doctors will handle it. And I think it's going to be great. Then we're quickly studying this drug, and while we're continuing to study it, but the studying is going to be also done as it's given out to large groups of people, perhaps in New York and other places. We'll study it there. There are promising therapies produced by Gilead, and that's Remdesivore, remdesivar.
Starting point is 02:01:18 And that's a drug used for other purposes that's been out and said very good results for other purposes. Just update here, Glenn. He did specifically call out the drug we were just talking about by name, and it's going to make it available almost immediately, he said. So, you know, I mean, this show obviously moves important things. And we just had the guest on and now it's approved by the president. Surely they're tied together. I just saying, is the president aware of this? He's like, I think so.
Starting point is 02:01:46 We sent it to him. He is. So that's good news. And Stu, what is the stock market doing right now? Reacting well to the news up a 340 points currently, which is always nice to see. We've had so many downturns the last couple of weeks. It's nice to see some positive reaction. Yeah. So that is really, really good news.
Starting point is 02:02:10 I was just going over a list of things that I think are true that I don't sit my family down. I want to go over the things that my gut tells me are possibilities that we're going to have to look at. And one of those is a complete change in the way we relate to each other and the way we live our lives. Things are changing rapidly. Now, if these drugs change, if they come out and they're effective, that's going to put a pin in all of this quickly. But that remains to be seen. I'm going to pick it up there tomorrow because I'm out of time before the break. And I want to pick it up and tell you what my gut tells me that I'm certainly not saying to my children.
Starting point is 02:02:56 But I think you should hear coming up on tomorrow's broadcast back in a minute. Hey, here's a great special happy. happening now from Hustler Turf. If you are looking at buying a new lawnmower, the lawnmower you you need is Hustler. It is a great, great machine. It is something that used to be really just built for, you know, industry, people who are mowing a thousand acres, you know, the sides of the highway, et cetera, et cetera. So they used to build these gigantic machines. And when you're building them for industry, they better, they better last. So they have engineered these things. They're the who really kind of came up with the zero turn.
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Starting point is 02:04:39 It's a HustlerTurf. Go to HustlerTurf.com. that's hustler turf.com. Is the Glenbeck Program. Welcome to the Glennbeck program. We've got a great show for you tomorrow. Lots of fun laughs and, you know, some scary parts as well. But also Bill O'Reilly joins us tomorrow.
Starting point is 02:05:14 And we've got to get back to talking some politics. Joe Biden is just, I mean, he's worth his weight in gold for comedy. Here he is giving a speech where it's a video conference speech. And he just stops twice in the middle of it. his wife, his beautiful wife, Jill has to come out and just grab him, listen to this. Here's the end of his speech. Thank you all for listening. Right. Then he just stands there and just
Starting point is 02:05:37 stares at the camera and now Jill comes in and he's like, oh, hi, the kiss and she whispers in her, it's done, we're done, we can go now. Okay, thanks. Okay. I mean, he has no idea where he is. No idea. It's so weird. I can't wait. You ever type on an old computer and you,
Starting point is 02:06:00 like on a word processor and you're typing the words and the letters aren't showing up and then all of a sudden at the same time like 50 letters in a row kind of spit out. Yes. That's how his brain works. Like he gets in these like... Except they don't think they all spit out in the right order. That's what I mean. You don't know. You can't see. So you have all sorts of mistypes and everything in there. Okay. Yes. You go back and correct them all. Yeah. I agree with that. It's not like they're spitting out correctly. No.
Starting point is 02:06:24 It's all of a sudden it's a different set. I don't think I wrote that. I don't think I wrote that. All right. We'll. We'll see you, we'll see it tomorrow. You're listening to Glenn. How often do you say, I slept horribly last night, or it took me forever to fall asleep, or I couldn't get back to sleep. If you weren't sleeping well or you're worried about sleep aids, you should explore CBD for sleep.
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