GLENN

Glenn and Riaz Patel Discuss Bridging the Divide to Find Common Ground

Glenn and Riaz Patel couldn't come from more different worlds. Yet, these strange bedfellows are modeling how people from different perspectives can still develops friendships and have conversations despite their differences.

"In general when I have conversations, I react to the way the question is asked. You know, I think so much of what people say is not being said, it's the way they're saying it," Patel said Friday on The Glenn Beck Program.

RELATED: Kindly Unfriend Me to My Face

Riaz, who was recently unfriended by a longtime friend on Facebook, shared great advice on how to handle relationships in our current combative political climate: Don't judge people based solely on what's happening now.

"Examine today, and the friendships and the history of people start from the past, work your way forward," he advised.

GLENN: Riaz Patel, recovering Hollywood addict.

[Laughter]

 

STU: Don't insult the guy.

 

RIAZ: I'm used to it. I'm used to it.

 

GLENN: So, Riaz.

 

RIAZ: Yeah.

 

GLENN: Your friend and a deep friend, not a Facebook friend, unfriended you, hasn't talked to you, unfriended you, wrote a story that said, you know, he's friends with Glenn Beck, who is a racist, blah, blah, blah, didn't talk to you. Tell me how you are A going to approach this and how you would if she would have come to you.

 

RIAZ: I mean, I think in general when I have conversations, I react the way the question is asked. You know, I think so much what people say is not being said, it's the way they're saying it. If they're talking about the president, they're getting roweled up, that's what they're saying. They're getting angry. If she asked me, I would notice she's angry. And I'll be honest. I am very concerned for the black community right now. I am. I do think there are real fears.

 

GLENN: I do too. And they're afraid -- I believe -- talking to some Black Lives Matter people, they are also afraid of their own millennials.

 

RIAZ: Yeah.

 

GLENN: They're afraid that there is a shift of values that they don't understand.

 

RIAZ: It's everywhere. And, to me, look, with someone like that, I would go from the past forward. Forward is now the past. The press conference last night. That's the past 12 hours. 24 hours. I would go back to the eight years, ten years, 15 years ago we met and be, like, remember this photo? Let's start there. And then with he work our way forward. Now today, which is only one one hundredth of our relationship, what do you want to talk about? Because it's really about today and then we talk about tomorrow. But what you discuss today does not design who you are. But I believe some people who voted for Trump, what they feel every day is infused with eight years of expectation, disappointment, frustration. So they're hearing things with the hope of what they believed would happen.

 

GLENN: There's a really interesting thing that said yesterday on my TV show in the audience. A guy said -- we were talking about the press conference, and he said it feels so good to have him wipe the press, their nose in it because they deserve it.

 

There's a big feeling for those who are on the out of the last eight years. You have this empathy because you were picked on in school all the time.

 

RIAZ: Picked on always.

 

GLENN: Right. So for every -- from every angle.

 

RIAZ: Every angle.

 

GLENN: So you have this great empathy.

 

RIAZ: Yeah.

 

GLENN: So you can also understand the feeling of I've been squashed for eight years.

 

RIAZ: Yes.

 

GLENN: I want somebody --

 

RIAZ: Can I just have a small window where my president can be president? Is what I am saying. Can I just get a couple months? And I would say, I hear that empathetically I hear that. What is going on today disturbs me separate from what the expectations of all of that two years of campaigning was. Two years of campaigning is like going on the longest blind date and then you're finally in a relationship, and then you're starting to get to know each other. This is what he's like as a president. Do I like him? Evaluating him every day. Not from the two years of expectations and then the eight years of disappointment. Examine today and the friendships and the history of people start from the past, work your way forward.

 

GLENN: Back in a minute.

 

[break]

 

GLENN: Welcome to the program. We're glad you're here. Riaz Patel is with us who was a new friend of the program. Has it been a year yet?

 

RIAZ: It was July. Our one-year anniversary is coming up.

 

GLENN: I say paper this year, isn't it? Riaz is a amazing guy and a searcher, and I think that's what this show is and needs to be. It's what I am, and I think that's why we get along so well. We don't believe -- and, you know, I said to somebody yesterday.

 

One of the things that caused problems for me or the reason why I could cause some problems is I was in a way arrogant over the last eight years or so. And not the way I was guarding against, you know? I wasn't -- I wasn't in it for the fame or the money. So I wasn't that kind of arrogant. I just really, truly believed that I knew the way to make the point.

 

RIAZ: Uh-huh.

 

GLENN: And that if I would just make the point, and I could make it an entertaining way, that people would hear it, and they would pick it up, and they would make that point in their own way, but I could get them to listen.

 

RIAZ: Yeah.

 

GLENN: And that arrogance stopped me from seeing so many Americans that didn't speak my language.

 

RIAZ: Yeah.

 

GLENN: You know what I mean?

 

RIAZ: Yeah.

 

GLENN: And it is the drop of the arrogance. Not the principles. Not even some of the policies. It's the dropping of the arrogance and saying "Okay. There's half of the country that I don't see eye to eye with."

 

RIAZ: Yeah.

 

GLENN: And that I've demonized.

 

Question for you. If you and I were sitting down, and we were talking about policies, and we would have to reach out for policies with each other. You and I even if we would disagree, you and I would walk away saying, well, he's not a bad guy. We just disagree. Not a bad guy. You can't do that with 330 million people.

 

RIAZ: No.

 

GLENN: And how do you bridge the gap to where when I look at the policies of the left, I do believe there's -- and let me give you a couple of examples.

 

RIAZ: Okay.

 

GLENN: I do believe that there are people both left and right who are just in it for the politics and so the things that they will compromise on, the things that they will do will be bad for people.

 

RIAZ: Yeah.

 

GLENN: Will be bad for the one.

 

IAZ: Because the win is important.

 

GLENN: Correct. I believe there are some really good, honest people who do not look at the constitution the way I do. They feel that it is an old, dusty document that is no longer relevant.

 

RIAZ: Yeah.

 

GLENN: And they want to, you know, this progressive, giant state can be a babysitter for everybody. I believe that is destructive to the soul because I believe that we are born to be responsible for ourselves. And if everybody is -- if mommy is a helicopter parent and lifting you up all the time, if we don't let the banks fail, that's bad for the bank, and it's bad for everybody else.

 

RIAZ: Yeah.

 

GLENN: So those who believe in the helicopter government --

 

RIAZ: Yeah.

 

GLENN: -- I think that is bad.

 

So when we talk about things, because there's people on the left thank the same thing, I'm callous and want children to starve, how do we talk to each other and get to a place to where we can understand each other when we really do believe that the policies will hurt people?

 

RIAZ: I think it starts -- we need to stop shoulding on each other. Should is a word we use in psychology when you think there is a moral right and wrong. There are moral rights and wrongs.

 

STU: Can you spell that real quick?

 

RIAZ: Should.

 

STU: Just for our facilitates who thought it was a different word.

 

RIAZ: It's controversial and easy to remember. But if you and I talk, you and I can disagree. But if I say Glenn, you should think this, we're not going to agree. If I tell you you should believe this, you conservatives should do this. The should implies a moral question. There are moral rights. Policy about banking is not a moral, necessarily. So everything becomes heightened to this moral level.

 

GLENN: So that's one of the issues that liberals have with conservatives that conservatives do look at things in a moral. Okay? Because generally speaking, conservatives are the ones that believe in God and hard fast rules with God.

 

RIAZ: But liberals will say their morally superior in ways because they're understanding of systems and humanity is superior. Because both sides -- and that's where I'm, like, it's a lock head. If you're both morally thinking you're superior, morally thinking you are right, it's very hard to move.

 

GLENN: Right. So let's take this. I think morally, I believe in Ben Franklin, and I don't know if you founded the history of Ben Franklin.

 

RIAZ: He founded the universe.

 

GLENN: He invented a patent and then won't take the own patent on his stuff because he said this is good for all man. But that was an individual choice. He started the patent and then individually said, no, I don't want to do that and set the example. We believe -- I believe -- that man must be free to fail and succeed. He must be free to be a bad guy, should he choose in my eyes. Not a bad guy legally. But a bad guy in my eyes. A greedy SOB that takes his money and blows it all in Vegas, if he wants to or uses it to build strip clubs or whatever. I don't have a right to tell him "no." Okay? Unless he breaks the law.

 

RIAZ: Yeah.

 

GLENN: And you have a moral responsibility to stand up for people's right to fail.

 

RIAZ: Yeah.

 

GLENN: There are a lot of people who believe I've got to take the pain away from the world. Ben Franklin said "The best way to make -- to assist the poor is to make them uncomfortable in their poverty. The more the government tries to help, he said, the more I find that they fail longer and are -- dig themselves into even more misery."

 

RIAZ: Yeah.

 

GLENN: People on the left see that as cold and callous.

 

RIAZ: It's funny this friend I reached out to from middle school. He is in Seattle, liberal -- he's the one I called who works in grassroots poverty. He's one of the first policies in the country, and he said to me capitalism works. And I thought how funny. You need to talk to my new friend Glenn.

 

GLENN: Who is he?

 

RIAZ: His name is Jeff. He was actually someone who picked on me in middle school, and we've reconnected because he saw some of the work I've done with you, and he said I just wanted to say I love some of the work you're doing, and we reconnected. And he started this way of giving loans, and he says the incentive of the capitalism. And he's doing it through his grassroots organization, Democrat. But he says it's interesting. Capitalism seems to be working.

 

GLENN: Oh, I know.

 

RIAZ: So I think everyone has to be allowed to learn. And I appreciate that. Do we spotlight that? Do we show that too? Because gray. It's all gray now, people. It cannot be binary black and white.

 

GLENN: It's funny. I was asked to speak at a very leftist organization. I can't even say that -- yes, I can. Some of the things they go for are really -- they pushed for the $15 minimum wage in Seattle. And so they're very, very leftist on some things. But they reached out and wanted me to talk to the group because there are many that we see do agree on.

 

RIAZ: Yeah.

 

GLENN: That I was shocked. And as I was talking to him, I said, "You live in Seattle. Do you tell people that point of view in Seattle?"

 

And there is this weird hybrid coming out where some of these things are true like capitalism works. Some of these things are true and the older marxist lies are being shed while other new things are being brought in, you know what I mean?

 

RIAZ: It's evolving, and I think we want to get to a point. Any good can come out of all of this chaos where we don't even know what party system means. In that let it be gray. Let people define for themselves what they believe. And if this guy think so that this community, this works great. But show that it's, you know, a liberal who traditionally would go one way seeing an implementation, look at this new information we have. I love information. I love new information by experience. Not just data. What did they say? What did they guy feel when they got this loan for the first time? What did they do? Let's track him. That's the stuff that will change. Not the statistics. You said to me one of the first time you're in a post fact world, and it shocked me. How can we ever get that point? It was like a year ago, and I'm, like, oh, my god. I did not see it coming. Did not see it coming. Post fact world. I was, like, what does he mean? Who? You see things. You shared. That's how we'll move forward. This guy in Seattle, Jeff. He shared. We move forward. Or we can sit and say, well, you used to believe this, and I believe -- and six years ago and eight years ago -- we can do that until the cows come home. But at some point, we have to grow up and be adults.

 

GLENN: The number one thing that I get from people is nobody on the left is going to change. Nobody on the left wants to reason. Nobody on the left wants to work together.

 

RIAZ: Hello. Here I am, you know? And there are more of me.

 

GLENN: Yes.

 

RIAZ: But I think they're afraid to come out. I think everyone's afraid because they could be unfriended by a real friend. I think people are talking -- the professor yesterday. I'm sure in academia halls --

 

GLENN: I'm going to ask him if he has the time because I want to get his moral foundation theories. Have you read it yet?

 

RIAZ: I haven't.

 

GLENN: He's going to explain it here in a few minutes. But, yeah, I would like to know. I mean, being a professor at NYU, a liberal professor and then flipping -- doing his own homework and then going out and saying wow wait a minute. I see the world a totally different way. It's interesting to me, and I wonder how his life has been at NYU.

 

RIAZ: Yeah. I mean, that has to be -- we're all feeling fish out of water. I don't know a single person you would ask today and say did you have a good day? Are you happy? Like, everyone is in this rage mode all day because suddenly --

 

STU: Is that true?

 

RIAZ: I will say liberal. Sorry. Definitely liberal. It's all rage all day. And, to me, they're terrified, and I get it. But at some point, we've got to bring it down from DEFCON 5 to be effective. I look at trump and the press, and they're these weird bizarre frenemies. It's, like, I love you, but I hate you. I love you, but I hate you.

 

GLENN: I keep asking the question every time I watch the press conferences, how does this end? How does this end? Because the other one will punch twice as hard, escalate, punch twice as hard, where does that end? It doesn't work.

 

RIAZ: I think eventually information comes out. There are no secrets anymore, apparently. So is that a better era that we move where we now based on all of this hacking, you can't do this anymore. Like, that's off the table.

 

GLENN: Yeah, total transparency. Radical transparency.

 

RIAZ: That would be really interesting.

 

GLENN: Thank you so much. Thank you so much, Riaz.

 

RIAZ: Happy to be here always.

 

GLENN: Appreciate it.

TV

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

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

RADIO

Rumors explained: Is Fed Chair Jerome Powell OUT?!

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

Transcript

Below is a rush transcript that may contain errors

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

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

What the heck?

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

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

JASON: Well, yeah.

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

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

But he's considering resigning.

GLENN: Yeah. You know why.

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

GLENN: So do you know why?

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

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

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

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

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

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

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

Okay?

And they suggest, who the president can select from.

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

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

Did you know that?

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

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

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

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

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

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

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

But interest rates keep coming up.

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

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

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

Because I don't think he was ever right.

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

I want them down. I want cheap money again.

He refuses. So what has the president done?

The president can only fire him, with cause!

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

You find a cause, and this one is easy.

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

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

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

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

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

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

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

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

Excuse me?

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

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

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

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

They have a rooftop garden they're building.

JASON: Okay.

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

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

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

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

That's what's happening.

JASON: I looked at that a lot.

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

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

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

JASON: Oh, my gosh.

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

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

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

We will lead by example.

No renovation. You know what, go to IKEA?

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

So what do you say, we go to IKEA?

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

That's what a leader would do.

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

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

Is he trying to undermine President Trump on this?

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

I think so, to some degree.

I mean, I'm worried about inflation.

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

JASON: What's happening with Japan?

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

This is target to crack. The foundation.

1989.

Let me go back to 1989.

This was the crown jury trial of the global economy.

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

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

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

GLENN: Oh, yeah, they owned absolutely everything.

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


JASON: Wow!

GLENN: Okay?

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

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

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

Okay?

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

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

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

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

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

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

So they've done this for decades.

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

I think, what is ours?

100?

80 percent.

Something crazy. 120. You never believe back.

The death threshold is usually 120, 140.

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

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

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

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

Are you following this still?

JASON: Yeah.

GLENN: Okay. So their government bonds.

They were the safest investments on earth.

One of them. Okay?

It's us. Japan, Germany.

They started to fall.

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

All right?

So they borrow all this money.

260 percent of their GDP is borrowed. Okay?

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

2 percent interest.

And they were paying people.

2 percent.

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

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

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

What happens when yields go up?

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

Okay?

You add two or three points.

Just imagine, you have an adjustable rate. Okay?

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

And it's all leveraged.

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

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

So massive problem.

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

They know the con game is now over.

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

Because I just don't believe you anymore.

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

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

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

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(music)

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

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

Now they're like, wait a minute.

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

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

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

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

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

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

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

Japan has to pay their bills.

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

And you don't have any money coming in.

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

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

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

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

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

Okay?

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

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

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

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

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

Okay? Really, really bad.

Now, let me add this on.

Germany is now having to pay for their own army.

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

To build the army.

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

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

Well, Germany has some assets, they can sell.

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

US treasuries.

We have been playing an extraordinarily horrible game.

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

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

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

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

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

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

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

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