The Glenn Beck Program - Best of the Program | Guest: John Schroder | 10/10/22

Episode Date: October 10, 2022

Glenn and Pat share some good news about people standing up against the woke Left, including PayPal backtracking on its misinformation policy. Louisiana state Treasurer John Schroder joins to explain why he’s removing $700 million from BlackRock funds. Will the FBI ever be held accountable for robbing American citizens? Learn more about your ad choices. Visit megaphone.fm/adchoices

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Back again, Stu just won't show up. I don't know what his deal is. What it is. I know that, but... And he's just trying to spend as many days away from you as he possibly can.

You know what he is. He's afraid of the Eagles Dallas matchup. Oh, yeah? And I'm really not a fan of football, but I kind of am that tag-along fan when they're doing well.

And you know enough to know the Dallas Cowboys are going to crush Philadelphia. Philadelphia, the Eagles. Yeah, we just put a cheese steak down at the at, well, you know, that line where they cross them and they would make a point for me.

Go line? Yes. Yeah. We put a cheese steak there. Yeah. And we win. Done. Yeah.

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Here's the podcast. You're listening to the best of the Glenn Beck program. Let me start with some good news. First of all, hello, Pat. Hello, Glenn. How are you? Oh. Mmm.

Mmm. Mm. Mm. Mm. Stu, where is Stu today? I don't know. I guess because it's Columbus Day. He thought that that was a big Columbus Day guy.

He's like he's, he decorates his house with small, blankets. Yeah, yeah, yeah. And then he does a reenactment. He does. He does. Of just the part where he's slaughtering Indians. Right. Yeah. So, anyway, nice to have you here. Okay, let me give you three good stories here. Now, these are big stories. And they're going to be, you're probably going to, you'll hear talk about them, but nobody will put this into perspective. This is you standing up. Okay. These three things are happening because you are standing up.

Story number one. As of October 8th, PayPal's new acceptable use policy states that effective November 3rd, activities like the sending, posting, or publication of any message, content, or materials may qualify as violations if the company decides they are harmful. obscene, harassing, or objectionable. Basically, yeah, whatever we want. Um, if they depict, promote or incite hatred or discrimination of protected groups, uh, you go after white guys, though, no problem. Or of individuals of groups based on protected characteristics, race, religion, gender, gender identity, sexual orientation, or are fraudulent, promote misinformation or unlawful. For each violation, a

user may be subject to damages including liquidated damages of $2,500 U.S. dollars, which may be debited directly from your PayPal accounts. You got to be kidding me. Okay. Now, this happened, what, last week? And last week we talked about it. But apparently a lot of other people talked about it, too. Now, they are not a neutral organization.

They haven't even really said that they are a neutral. organization, although they say they value uniqueness and diversity of thought. Oh, do you? Is that why you shut down the account of the free speech union? Because they were a little upset about the radical gender theory in British schools? Yeah, yeah. Or how about gays against groomers? Why did you shut them down?

You didn't even have an explanation for that one. Gays for Groomers say more and more companies are coming out in. full support of the sexualization, indoctrination, and medicalization of minors. By the way, PayPal also shut down us for them, a campaign group that advocated for reopening schools during the COVID-19 lockdowns. It's got to shut them up. You know what I'm saying? So anyway, they're not neutral.

However, here's the good news. In a tweet on Saturday, just a few days after they released this seven page document. David Marcus spoke out against the new policy, first reported by the Daily Wire, that would apparently allow the digital payment processor to charge $2500.

Elon Musk. Another co-founder of PayPal said he agreed with the criticism, joining a number of others who have spoken out against the new policy. He said, it's really hard for me to openly criticize a company that I used to love and I gave so much to, but PayPal's new users rules or whatever goes against everything I believe in. A private company now gets to decide to take your money if you say something they disagree with.

That's insanity. And some other people started saying, David Sacks said, get your money out of PayPal right now. Scott Adams from Dilbert said, seriously, close your PayPal account immediately if they don't reverse this today. Vivek Rameswamy said, misinformation police are now extending their reach beyond social media accounts. Blah, blah, blah, blah, blah. Whole bunch of people. You spoke out about it.

Blake Masters, the Arizona Senate campaign, he said, yeah, I get to Washington soon and I'm going to be working on this. Then PayPal just released this. That notice went out in error. And we included some. incorrect information. We're not fine in people for misinformation, and this language was never intended to be inserted into our policy.

Our teams are working now to correct our policy pages. Oh. You know, these companies have such a weird habit of, like, really bizarre things happening. Yeah. Yeah. You know, like, I've never said, you know, hey, by the way, just some company policy. you know, if you have brown hair, it's okay, it's absolutely okay to harass you because we're going to fire you anyway because you have black hair, brown hair. Never said that. Oops. How did that get into the policy? How did that happen? Somebody broke into the policy and just started writing stuff in it. I hate that.

You know, that would be, I would accept that. I would like to see the termination of that person. But it's just like they have a bunch of a rogue people in there. They're just like, watch this. We're going to write that. We're going to take people's money. You should fire those people. Then next story. Because of you. Vanderbilt to pause gender transition surgeries on minors.

The Vanderbilt University Medical Center has paused all gender transition surgeries for minors following an explosive report about their pediatric gender services and a letter for. from the state legislators demanding the practices stop. We are, by the way, this is really daily wire. And what's his name on the Daily Wire that did this? We are pausing gender affirmation, affirmation surgeries on patients under 18 while we complete this review,

which may take several months. In addition, we understand the issue is likely to be taken up by the General Assembly in its next legislative station and session. And as always, we assure that our programs will. comply with any new requirements which may be established as a part of Tennessee law. Huh. Huh. Huh.

So no more hormones or double mastectomies for kids. That's, you know, that's probably a good thing. Well, since when you change gender, the suicide rate for those kids goes up 20 times the national average. times is it? No, it's not 30 times. It is not 100 times. It's only 20 times the rates. So thank you for standing up. See what happens when we stand up? Several states, here's number three. Several states have launched efforts to root out ESG with 19 GOP attorneys general sending a letter to BlackRock. A Black Rock, increasingly becoming a Republican target. Challenging the money manager's commitment to ESG principles, they claim that Black

Rock's policies are undercutting shareholder profits and managing state pension funds. So Louisiana decided to go a step further. God bless the state treasurer there, John Schroeder. He announced last week the state has divested $560 million, a number that will increase to $794 million over the coming months as Louisiana exits Black Rock money market funds, mutual funds, and exchange-traded fund holdings. He writes, your blatantly anti-fossil fuel policies will destroy Louisiana's economy. This divestment is necessary to protect Louisiana from actions and policies that you would actively seek to hamstring our fossil fuel sector. In my opinion, your support of ESG investing is inconsistent with the best economic interest and values of Louisiana.

All of these things are happening because, one, somebody was brave enough to expose them. Okay? Matt Walsh. He's the guy who's been exposing and really bringing it to people's attentions, especially at Vanderbilt. That's him. So he was brave enough to stand there and tell you. And then you stood up. this is fantastic news they are scared out of their mind

this is the best of the Glenn Beck program and we really want to thank you for listening welcome to the Louisiana state treasurer John Schroeder how are you John Glenn good morning it is good to talk to you sir yes sir great great day yeah it is a good day Last week, you said, yeah, I'm not going to give you the money. What was it? I think I said billion. It's $700 million, right? Almost a billion dollars.

Yeah, it's about seven, almost $800. Okay. And there's more coming, right, over the next year? Yeah, so I've been working on this for a long time. You just don't move that much money overnight. Right. What really called this out, somebody caught wind of it, and it's probably my fault because I got agitated at some meeting that I was at. And I said something publicly, and the next thing I know, I had a public information request.

And I've been working on it since late last year. We actually started moving money probably around March. And I wasn't going to say anything until I moved at all. But two things happened that sort of forced me to come out last week. I had a meeting with Black Rock. And in Philadelphia, when I was at the Treasurer's Conference about two weeks ago, then I had a public information request, which I had a release some information that I wanted to control the narrative. So that's why I followed up with my meeting at Black Rock with a letter, telling them what I was doing.

And I had already started it. We had already moved, you know, a half billion dollars the time I released this letter. And by the end of the year, it'll be about $800 million. But, Glenn, I want to, I want your listeners to understand this, especially those in Louisiana, because I want to be very accurate. There's a lot of news about this. This is money that I, as treasurer of the state of Louisiana, managing our trust funds. About $16 billion in trust fund, and about $800 million that is invested in Black Rock.

So we are moving that into other spaces where we're going. We're either making more or the same. So we're not losing money. We're just picking businesses, companies that we have something more in common with. And we clearly don't in the fossil fuel space here in Louisiana. But the real goal for BlackRock is to go after the pension money. And each state, each state treasurer handles that a little differently. Here in Louisiana, we have about $70 plus billion.

in retirement funds and pension funds. And these are policemen and firemen and school teachers and state workers. These aren't people going to work as entrepreneurs every day. This is government employees' pensions money. And Louisiana, again, it's over $70 billion. That's really what makes up a large share of BlackRock. So I did what I could do. Now moving forward, I will begin to work with the legislature to figure out a way

how do we curb this pension money to be invested in companies like BlackRock, who clearly want to see the demise of the fossil fuel industry, which is probably the biggest industry we have in Louisiana. Correct. Now, did you take on the S and the G, or are you only looking at the E? Oh, no. We just came out in the news last week, but this has been an ongoing battle on several fronts.

Our legislative session ended in June, and there were several bills dealing with all kinds of different situations on the ESG. But on this particular front with BlackRock, it was obviously their environmental position. I don't mind telling you almost four years ago. I blocked Citibank and Bank of America over Second Amendment issues. You know, so this has been going on for a while here in Louisiana. I've blocked them from doing almost a billion dollars in borrowing from the state of Louisiana. It's gone under radar, you know, because I can do this all within the confines of the law of my job,

my constitutional duties. And I don't have to go beat my chest about it either. But you said this, as I was listening, We need to step up and do something. We can't just sit back and be good conservatives and take it in the shorts anymore. So I'm proud to leave the State Financial Office Foundation. I don't know if you know that. I'm the national chair as of October 1st.

And you will start seeing more. I have talked to treasures across the country since last Wednesday. And, you know, they're just looking at ways on how to reinvest this money because at the end of the you do have a fiduciary responsibility. Those pension workers or those retired government workers need to get their paychecks and I get it, their retirement check. So that sits in a palm of our hands in a lot of cases on many states across this nation. So I get that, but I'm also not going to feed my enemy.

And I'm not going to, I think we have to do a better job at educating the pension folks, the state workers, the government workers, we have to educate them and let them know where their money is being invested. It's backdooring them. It's going to kill our industry, not to speak of what it does for communist China and other countries that want to see the United States wiped off the face of the map. So what was Black Rock's response? Well, you know, I met with them. Now, they've gotten some win that I was doing this. So this isn't like total out of the blue news to them. I mean, I would imagine if you took $500 million out, they might notice it. I would hope. I know they got trillions of dollars, but I know they knew that I was moving this money,

but they never made mention of it when I met with them two weeks ago. But what they did do was apologize and say that, you know, that they, you know, wanted to. to assure me that they weren't against the fossil fuel industry and this, that, and the other. Glenn, I told them, I'm sitting there with three people in one of the directors, and it was about a 45-minute long conversation. And after a little bit, I told them, I said, look, this isn't personal with you guys. But y'all was sitting here telling me one thing, but I can show you, quote, video and audio of your CEO saying something different than what you're sitting in this room telling me today.

Now, I'm the Treasure of Louisiana, and I don't mean this in a disrespectful way, but I guess the CEO of BlackRock needs to tell me otherwise, because y'all is sitting here telling me one thing, but when I read, see, and hear, something totally different out of your CEO. So unless he's willing to go out publicly and now reverse what he has been saying and go to conferences. Because look, I don't need to tell you that it's everywhere all over the Internet

where he makes comments about what they need to do, where Black Rock is becoming almost like the communist leader, that they know what's best for the World War, they know what's best for Louisiana. Well, you know what? He's not going to use my money to do it. That's the other thing people don't understand. And that's something they said to me in the meeting that,

it's not their money, it's our money. They're using our money to beat ourselves. That's like, that's like crazy. I'm not going to do that any longer. And look, I just want you to understand that. I didn't just wake up last Wednesday and decide to do this. This is something that we've been strategically working on for the entire year. And it just came to a head last week.

I am so glad to hear it. John, you're well thought out. And I hope there are more of you that are working behind the scenes to do the right thing. We are – the whole world is being strangled to death because of the energy policies of people like BlackRock shutting off all investment. I just read a story today. I don't want to get in the weeds. But I just read a story today. The banks can't invest in fossil fuels over in Europe, they're saying, because –

the the money isn't there for investment. And if the price collapses, then they're going to be sitting on, you know, all of this oil and they won't be able to, you know, hedge it. And, and I read that and I thought, well, the problem is ESG. The problem is that people are not investing in energy now because they're being encouraged not to and being told that that is not the future. Well, it may not be the future 150 years from now. Yeah. It is over the next 50. You know, a couple things have to happen, going back to your comment about your hoping others are doing the same thing.

I can tell you factually, we are, and they are. I think what has to happen, what's so great about this country, and look, I'm an entrepreneur, and if I can have a minute, Glenn, I want to tell you, up. I've listened to you for a long time. I'm a former military intelligence, infantry, military intelligence, CID agent from the Army. I was a narcotic agent after that, and I lost my career over a pretty serious eye injury. But I've always appreciated how you stood up for our country. And I don't need, as a veteran of this country, I don't need anybody to, you know, to, you know, to thank me.

But it is nice hearing people like you on the radio. Say thank you without saying thank you. And that's all I needed. All I needed to know is there was people out there who understood what we do, why we do it. And there are people like me who did things and went out to bad people so you could have your radio show and everybody could go about their business every day. And I've just always appreciated that. This is the first time I've ever met you to talk to you in my life. And I just want to tell you thank you.

That is more meaningful than you, than you know, John. Thank you so much. God bless you. Hope to meet you someday. John Schroeder, he is the state treasurer of the great state of Louisiana. Well, I mean, it's connected to Texas. So that really is what makes it great, don't you think? Absolutely.

Yeah. So it's the greatest, great, great, great-ish. state of Louisiana. It's connected to a great state. Yeah, it is. It is. Yeah. And, you know, that rubs off on it. This is the best of the Glenn Beck program. I want to, I want to play something from a podcast that I did on Friday, and we didn't really have time to promote. And I want you to watch or listen to the podcast. You can find it on YouTube, or you can find it at Blaze TV. It's part of the subscription and it is really, really good. We put it up on YouTube on my YouTube page because you really need to hear this.

It's 35 minutes, but I'm telling you it'll be the best 35 minutes you will spend probably all week. It is a professor of psychology and he was going through COVID and he realized that he's from Europe. he realized that what what countries were doing didn't make any sense. You know, he said, everybody in Sweden was going to die because Sweden wouldn't go along with the rest of the world. And he said, and when that didn't happen, you would expect people to go, oh, look, what's Sweden doing? It doesn't really make a difference. And he said, when they didn't do that, and then the mask thing, and then let's just try an experimental drug without telling anybody anything about it, he said, I realized we were in a different place as a world.

So he started doing research and it took him back really to authoritarianism, which he says is very different because that is something that the mass participates in. For instance, Germans, Germans weren't being held by a dictator. they were being held by an ideology, an idea that was running through Hitler. Listen to what he says here. When you're anxious and you don't know what you feel anxious for, you feel completely out of control. But if you start to believe that your anxiety is caused by something, no matter whether it is true or not, and that there is a strategy to deal with that something, then you have an experience of control. You feel in control again.

And also, you have an object to direct all your frustration and aggression. So that's the first psychological advantage, the first step of mass formation, with the first psychological advantage of mass formation. And in a second step, something even more important happens because so many people participate in a strategy, for instance, the lockdowns, but it could also be the concentration camps or the crusades or the witch. Because so many people participate in the strategy to deal with the object of anxiety. They have the feeling to fight the collective heroic battle with the object of anxiety.

and they feel connected again. The loneliness disappears and they have a feeling of a new sense making again. You could say, of course, what's the problem? People felt lonely and now they feel connected again. They were confronted by the lack of meaning making and now they have the feeling that their life makes sense again and they felt out of control about their anxiety

and now they feel in control again. So what's the problem? Well, there is a problem. First, there always has to be a scapegoat at whom all this frustration and aggression can be directed and also even more important. This new social bond, this new connectedness is not a social bond between individuals.

It's always a social bond between the individual, between each individual separately and the collective, meaning that in a mass, the famous citizenship, the famous solidarity that is so typical for mass formation, is never a solidarity between individuals. It's always a solidarity between the individual and the collective. meaning that, and it is even the case, that the longer the mass formation exists lasts, the more all solidarity and love is sucked away from the bonds between the individuals

and injected in the bond between the individual and the collective. And that makes that in the end, solidarity with the collective is much bigger than a solidarity with other individuals leading to the famous paranoid state in totalitarian systems where every individual is willing to snitch on every individual. every other individual, to report every other individual to the state if they have the feeling that this other individual doesn't show enough solidarity to the collective. In the end, this leads typically, I've been talking with this woman, Shoray Fishtali, who lived in Iran during the revolution there, which was a huge-scale process of massamation.

And she told me how she has seen how a mother reported her son to the state and how this mother hung the news around his neck when he was on the scaffold. And when he was hung, she claimed to be a herring for doing what he did. That is a dramatic end stage of mass formation. That's what we have to avoid, that it goes to this end stage. So what a brilliant explanation. He is under attack. Oh, I bet.

All of the elites are saying, this guy's a right wing enabler. He's not right. He's not right wing. I've read the book. You should read the book. It is. It's called the psychology of, totalitarianism. It is right on the money. And it is why I have said to you for a long time,

if we go dark, if we go dark, you know, evil doesn't destroy things. It perverts things and twists things. Look at what's happened to the word equality. Equality has been perverted. Freedom of speech is perverted. Tolerance. Tolerance. All of it is perverted. They don't destroy it. They pervert it.

So what do you think is going to happen to us with all of our technology, all of the weapons alone that we have? We will become the darkest country to ever be on the face of the earth. We will go from the greatest country to the most terrifying country. country. Mark my words. It will happen because we're already starting to see signs. We're starting to see signs of doctors, doctors, saying if you didn't get the COVID-19, why should I even treat you? Why should I even treat you for anything? I saw an op-ed from, well, it was a medium post of a doctor in Los Angeles that said, this person I was working on hated black people. and, you know, I'm anti-racist.

Do I have to help him? Am I required to help him? Yes. According to the oath you took. Right, you are. You are. So when doctors and nurses are starting to say this, and you're also hearing this,

let me just give you the FBI story. So the FBI, we know, has now deemed parents who speak up against their kids being, you know, forced to go to a transgender show or reading books that are wholly inappropriate, or having pedophilia normalized, or have them question their gender, all things, all of those, we knew were bad five years ago, five years ago,

We knew all of those things were bad. We didn't even have to say it because everybody knew it. So today, it's fine. And the FBI, forget about Washington. I'm talking about the local FBI, the one that is in your state or your city. They are now being called upon to investigate parents who stand up against this. or they're going after and busting with handcuffs, 84-year-old people.

The latest bust happened last week, the pro-life father of 11 children. This is not the one you heard at the beginning of the week. This one happened on Wednesday. Federal Bureau of Investigation arrested a pro-life father of 11, charging him with conspiracy. Who's the conspiracy theorist? conspiracy against rights secured by the Face Act and committing face act violations.

Remind me, Sarah, I got to come back to the word conspiracy and how they're using it here. He said, when I opened the door and saw the guns pointed at me, they had long rifles, I asked them what they wanted. They said they were looking, what they were looking for and what they said they wanted was me. I had kids in the yard walking out to get in the car to go to school. I was about to take them to school. The other kids were in the house. so seeing that the easiest path to de-escalation was me in handcuffs, I stepped outside and put an end of the ranting and the banging and the yelling.

After the FBI put him in handcuffs in the car, he said his wife came outside. She had been in the back of the house with their 18-month-old baby. She said, I want to know why you were banging on my door with a gun, she said. You're not going to tell me anything? The agent replied, and I've heard the tape, no, we're not. And she said, you're not going to tell me. And then he said, I tried. She said, no, you didn't.

And he said, and he just got it in the car. She talked to all the agents. None of them would even answer her. It was really horrible. Horrible. Now, here's the interesting thing. Eleven of the advocates. They were pro-life advocates with, they were charged with a violation of freedom of access to clinic

entrances act for blocking an abortion clinic in 2021. So this is not a new thing. By the way, nobody contacted him. Nobody, no lawyer contacted it. It took him hours to get a lawyer and a lawyer to figure out what the heck was going on. After he was charged, he was just let go. He didn't have a cell phone. He didn't have a wallet.

He was in a t-shirt and a pair of pants. And he was 60 miles away from his home. He said, what I told the agents that arrested me on the ride into town since we had a nice hour of fellowship, is that this is a beautiful tactic. If you want to suppress free speech and you want to strike fear and intimidation into opposition, you weaponize justice to go after someone to suppress. If you can get a large family like mine, you also get all the children, because all the children will have a memory of growing up,

the big, bad agents banging on the door and taking away their dad. I think just the opposite, quite honestly. I think the opposite is true. I think the family and the children grow up thinking bad things about the government. Now, he has gone into more details about what was happening. He said his wife was still shaking and fighting back tears as he was being carted off. the family didn't receive any official information about the cause of the raid or Vaughn's whereabouts until six hours after the arrest. He was held in a federal holding facility and brought before a judge charged and then released without a wallet or cell phone.

For over six hours, no one knew where I was and why I was kidnapped from my home at gunpoint. It took a good attorney six hours to be able to break through the bureaucracy and find somebody who knew what was going on. Vaughn pled not guilty to the charges and promised to fight the legal battle to the fullest. In a statement town hall, Vaughn called the FBI paid thugs out of an out-of-control justice department that must be reigned in immediately. Now, if this isn't bad enough...

And it is... Uh-huh. If this isn't bad enough, Vaughn wasn't even at the sit-in. he wasn't even there. So this guy and 10 others were arrested for a sit-in. A sit-in. March 20-21.

Did you know that you could protest and be an a sit-in that's happened all through the 60s and you could get 11 years in prison now? 11 years. Vaughn, the guy I just told you about, he didn't even participate in the sit-in. So what was his role? He acted as a mediator between the pro-life people who participated

and law enforcement locally to ensure the protest was safe, peaceful, and as legal as possible. That's why it was, was it was coordinated as these things always are it was coordinated he had called the the local police and said hey look we're going to do a sit-in on this day what do we need to do to make sure that we're as legal as possible and uh they said well you have to do this this and this and it

would be a misdemeanor so we will take you away but you'll be charged with a misdemeanor okay great so he's the guy that mediated with the local police they all got misdemeanors, which was 100% appropriate. And what happens? The Justice Department gets wind of yet another local misdemeanor and decides to make it a felony. This is out of control. Now, let me bring it back to the psychology of totalitarianism. If this was happening to any protester that was peacefully protesting peacefully. Would you be for 11 years in prison and the FBI not giving them a chance to surrender? Now, Antifa, oh, I'm all for it.

I'm talking about somebody who has called the local cops, doesn't want to burn anything down. They're totally cool. They're in their 60s, 70s, and 80s. and maybe they have their grandchildren with them and they've done all of that. Do you want the FBI involved in this? I don't. I don't.

I'm wondering how they even were. What was this that makes it, oh, the act is probably federal. It's federal. Right. The FACE act. Yeah. And they're making this.

You're not supposed to be able to stop. someone from going in to an abortion clinic. Right. Well, the last week, it wasn't. The hallway was clear. A person could come in. They were singing and praying. Yeah.

Okay, that's what they were doing. This sit-in, I'm assuming they're doing the same thing. I don't know if they actually block the door, but that is federal. But is this justice in America? you already have half the population remaining silent on the abuse from the FBI, remaining silent on all of the stuff that has gone on and is actually sitting there and remaining silent when a president of the United States says, you know, anybody who voted for Trump, 90 million people, they're all terrorists.

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