Is America building a "virtual Berlin Wall"? Glenn talks to Overstock.com CEO about business under a progressive administration

Glenn: I had an e-mail from a friend last night who said that they were in an argument with somebody over “economic patriotism,” the idea of loyalty oaths, and he said I proudly stood beside you the whole time on this one because that’s not a solution to anything good. The idea of loyalty oaths and being patriotic by staying in a country is a way for us to build a virtual Berlin Wall. When a country says you’ve got to stay here, you’re forced to stay here or we’re going to penalize you or destroy you, that is in effect a Berlin Wall, and that’s not American principles.

We have Patrick Byrne here. He is from Overstock.com, rather outspoken. Thought I would pick your brain on this because I think that what everybody is looking at, it bothers me, and it’s always bothered me when the right has done it. If you go back and look at all of my sets, I’ve never had a flag on the set. I don’t like flag-waving. And we’re talking about economic patriotism, and we’re not talking about solving the real solutions.

So tell me, we have the highest income taxes in the world now for corporate income tax, but we also have other problems. I think we’re starting to look unstable to the rest of the world even though we are still probably the most stable or going instable. What should we be doing?

Patrick: As far as?

Glenn: Keep people here, to keep companies here?

Patrick: Well, you know, you’re a businessman. I’m a businessman. I’d love to be able to raise my prices and say no one can leave, no one can defect. This country was built on exactly the opposite principle, that we were going to have the most competitive environment. And you know, now our corporate tax rates are basically 40% federal and state, and we’re up against people who are taxing at 15%.

And it’s just natural, people, you know, you raise the price of something, people buy less of it. People forget that taxes are not, you know, chiseled on stone and come down from the gods. Taxes are just the name for the price that government charges for their services. And when you raise your prices, people buy less of your service, and that includes the government. So they’ve made it really uncompetitive for multinational companies to stay. It’s becoming more and more irrational.

Glenn: They will try to say that companies don’t have a responsibility to their shareholders, they have a responsibility to their country.

Patrick: This whole talk frankly of economic patriotism scares me. I’m as patriotic as the next guy, but it’s nut-job talk. And loyalty oaths, I see Jonathan Alter did some story about –

Glenn: It’s crazy.

Patrick: The actual intellectual roots of this stuff is in Benito Mussolini. That’s where that –

Glenn: Can I tell you something? I know this sounds horrible to say, we just talked about it, that is what the FDR administration said. With the blue eagle, they said it is fascistic. That’s before we thought Mussolini was a bad guy, and they’ve erased all of that now. But that’s on the record, it’s fascistic to do that. That’s not in line with our principles.

Patrick: Well, people forget the far left and the far right meet at the bottom. Benito Mussolini was a hard left socialist in Italy. He was a prominent, not just prominent, he was one of the leaders of the, he was part of the Marxist communist takeover of the socialist party, and then he came out of World War II still a hard left socialist but decided, you know, he came up with this new theory that included nationalism, a very nationalistic version of socialism. But he was very popular in the United States in the 1920s and 30s. You probably know that Cole Porter song, 'You’re the Top'.

Glenn: Yeah.

Patrick: If you look up the lyrics, it includes you’re the top, you’re the great Houdini, you’re the top, you’re my Mussolini. And Mussolini was very well-regarded in this country until 1935 when he invaded Ethiopia. And FDR, Franklin Roosevelt, consciously modeled the New Deal and the National Recovery Act on the state corporatism that Benito Mussolini was arguing for.

I know this all sounds so weird to Americans now, but go back, and there’s a book by David Boaz at the Cato Institute about the link, the deep intellectual link and the influence that Mussolini had not only on Hitler, of course, but Roosevelt.

Glenn: I will tell you, you know, what frightens me is we look at what’s happening here, communism was a global takeover, you know, the international communists. Fascistic tendency was a national, but it was both socialism, both socialism –

Patrick: Well, Nazi-ism, it’s an abbreviation for National Socialism.

Glenn: Right, so you have that. We’re looking now at a world that in some ways is parallel. We had to pick, do we like the fascist or do we like the communist? We picked, well, we like the communist better, so we’ll get into bed with a communist to defeat the fascist. That’s World War II. We’re now looking in the Middle East, we like Saudi Arabia better than we like Iran, but they both want to control with a religious ideology that we reject, but yet we’re going to get in bed with one of them. We have to be careful on what our values are.

Patrick: They’re both anti-liberal. Believe it or not, you know, as you know, what you and I are are actually liberals, classical liberals. That’s the correct Milton Friedman, Thomas Jefferson, that’s classical liberalism, the idea that you don’t have an over-powerful state. Now, the word liberal got hijacked in the 1930s and 40s and has come to mean in the United States just the opposite, but in Europe, liberal is still used to mean what we are.

Glenn: Correct.

Patrick: But you’re absolutely correct. It’s a part of history that is neglected, but the deep intellectual connection and common roots of the fascistic tradition and the socialist or communist tradition, and when I hear talk of economic patriotism, I’m hearing Mussolini. The whole corporatism philosophy that he preached used terms like that.

Glenn: In that particular article by Jon Alter, he mentioned, you know, even McCarthyism, that the GOP should be, you know, looking at McCarthyism. No, we shouldn’t be. Nobody should be. And I don’t think the GOP would be all that different than the Democrats. They’d just take it in a different direction, but they would both be…the Patriot Act, wrap yourself in the flag, and you can get away with just about anything.

Patrick: I can’t believe some of this stuff is happening in our country, that we’re seeing that the discourse has taken this turn really in the last 20 years and that there aren’t more people understanding, you know, the historical roots of what it is we’re doing.

Glenn: But don’t you think that, and it’s like this with, I mean, how many times has communism tried and been failed? Everybody says well okay, yeah, but Mussolini went bad, yeah, but, you know, Stalin went bad. And so it’s always it’s not going to be that way, because people want to believe in a utopia. They want to believe that that stuff would work, that we could all live like it, but it doesn’t, it doesn’t.

Patrick: There’s a great quote from Adam Smith about how the man of systems, what he calls meaning a heavy ideologue, people who have like systems they want to impose on society, they seem to imagine society like it’s a great chessboard and that they can just move the pieces around. They forget that in the case of humans, those pieces have their own internal motivations, and they want to, you know, they can’t just be shuffled around like pieces on a chessboard.

And so these heavy ideological approaches, really they look very similar to me. And the liberal, the traditional classical liberal or what’s sometimes called libertarianism now, they’re pretty related, was the idea that no, we won’t have this overpowering government that’s demanding. We’ll form a government that serves us, not that we serve it. Anybody who is talking about economic patriotism is taking as their background assumption that it’s our function to serve the government rather than forgetting, you know, or they forget that no, we’re the primary –

Glenn: So the government comes to you and says we need you to sign this loyalty oath.

Patrick: I won’t sign a loyalty oath.

Glenn: They threaten to close you down, whatever pressure they would have to, you ever sign a loyalty oath?

Patrick: Never, never, never. No, I would laugh them out of the office.

Glenn: Does that make you un-American?

Patrick: No, I think I’m patriotic. I remember what the organizing principles of our republic are, and they include that, you know, we form, Milton Friedman had a great saying on this. Remember John F. Kennedy said something about in his inaugural address ask not what your country can do for you, ask what you can do for your country.

Milton Friedman, greatest friend of freedom in the 20th century, said that that would be, something like that could never be said in a state that still understood what freedom was because in our tradition we are, you know, we’re the primary actors, but we form this entity, the government, in order to secure our freedom.

So that’s like a plumber, you’ve hired a plumber to come and do something, the plumber does a lousy job, costs a lot of money, and when you try to criticize him says hey, don’t ask what I can do for you, ask what you can do for me. You’d say this plumber had gotten too big for his britches.

Glenn: Can I tell you a better way of saying it then…not that, that’s a great explanation, I mean but to change what John F. Kennedy said? Because I think what most people think is don’t keep taking, let’s figure out what we can do for each other, not the country but each other. It’s more of the idea of Ben Franklin, there is a God, he’s going to judge us, best way to serve him is to serve our fellow man. That’s the American religion. That’s the American ethic, let’s help each other.

Patrick: And to do that we needed government, and we needed limited government that’s going to perform certain functions we can’t do individually. We can’t defend our borders individually. You know, you don’t want to be your own policemen and court system.

So you need a government to do things, but let’s remember, it’s just this entity that we created, and to have it say oh no, you don’t understand, you’re supposed to be, you know, happy to pay us 40% of your income, corporate America, and if you don’t, you’re not patriotic, you have forgotten that you serve us.

That betrays that this worldview has gotten so skewed that they think, they’ve just gotten big for their britches. They’re like the plumber who’s saying, you know, don’t ask what you can do for me, ask what I can do for you.

Glenn: Thank you very much.

Patrick: Oh, thank you, Glenn.

 

Trump's 3 BIGGEST border victories

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The Southern Border is healing!

Just hours after his inauguration on January 20, 2025, President Donald Trump declared a national emergency at the southern border. A little over a month later, the tide of migrants pouring into the United States has been significantly stemmed. Trump is delivering on his major campaign promises: stopping illegal crossings, rolling back Biden-era border policies, and using every available resource to fortify the border against future challenges.

In his recent congressional speech, Trump highlighted these border security successes—achievements often overshadowed by the flood of other news stories this past month. To spotlight this monumental progress, we’ve compiled a list of Trump’s three most significant border victories.

1. Significantly reduced border encounters

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When Trump took office, it was clear—the sheriff was back in town. According to the Department of Homeland Security, daily border encounters have plummeted by 93 percent since his inauguration. Meanwhile, Immigration and Customs Enforcement has ramped up its efforts: in the past month alone, ICE doubled arrests of criminal aliens and tripled apprehensions of fugitives at large. This dramatic shift stems from reinstating strict border policies, restoring common-sense enforcement, and unleashing the full capabilities of ICE and Border Patrol.

2. Major policy changes

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President Trump has also made sweeping strides in border policy. He reinstated the “Remain in Mexico” policy, requiring immigrants to wait in Mexico during their immigration proceedings instead of being released into the U.S. He also terminated the controversial “catch and release” practice, which had allowed millions of illegal immigrants to stay in the country pending court dates. Additionally, Trump signed the Laken Riley Act, mandating detention for all illegal immigrants accused of serious crimes.

Another key victory was designating cartels like MS-13 and Tren de Aragua as terrorist organizations. This classification empowers law enforcement and border agencies to tackle these ruthless gangs with the seriousness and resources they demand.

3. Deployed major muscle

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Trump is doubling down on border security—and he’s not holding back. He deployed 1,500 U.S. troops to secure the southern border and restarted construction of the border wall. Among the forces sent is a Stryker Brigade, a rapid-response, high-tech mechanized infantry unit equipped with armored ground and air vehicles. This brigade’s mobility and long-range capabilities make it ideal for patrolling the rugged, remote stretches of the border.

Fort Knox exposed: Is America's gold MISSING?

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President Trump promised that we would get a peek inside Fort Knox, but are we ready for what we might find?

In this new era of radical transparency, the possibility that the Deep State's darkest secrets could be exposed has many desperate for answers to old questions. Recently, Glenn has zeroed in on gold, specifically America's gold reserves, which are supposed to be locked away inside the vaults of Fort Knox. According to the government, there are 147.3 million ounces of gold stored within several small secured rooms that are themselves locked behind a massive 22 ton vault door, but the truth is that no one has officially seen this gold since 1953. An audit is long overdue, and President Trump has already shown interest in the idea.

America's gold reserve has been surrounded by suspicion for the better part of a hundred years. It all started in 1933, when FDR effectivelynationalized the United States's private gold stores, forcing Americans to sell their gold to the government. This gold was melted down, forged into bars, and stored in the newly constructed U.S. Bullion Depository building at Fort Knox. By 1941, Fort Knox had held 649.6 million ounces of gold—which, you may have noticed, was 502.3 million ounces more than today. We'll come back to that.

By 1944, World War II was ending, and the Allies began planning how to rebuild Europe. The U.N. held a conference in Bretton Woods, New Hampshire, where the USD was established as the world's reserve currency. This meant that any country (though not U.S. citizens) could exchange the USD for gold at the fixed rate of $35 per ounce. Already, you can see where our gold might have gone.

Jump to the 1960s, where Lyndon B. Johnson was busy digging America into a massive debt hole. Between the Vietnam War and Johnson's "Great Society" project, the U.S. was bleeding cash and printing money to keep up. But now Fort Knox no longer held enough physical gold to cover the $35 an ounce rate promised by the Bretton Woods agreement. France took notice of this weakness and began to redeem hundreds of millions of dollars. In the 70s Nixon staunched this gushing wound by halting foreign nations from redeeming dollars for gold, but this had the adverse effect of ending the gold standard.

This brings us to the present, where inflation is through the roof, no one knows how much gold is actually inside Fort Knox, and someone in America has been buying a LOT of gold. Who is buying this gold? Where is it going and for what purpose? Glenn has a few ideas, and one of them is MUCH better than the other:

The path back to gold

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One possibility is that all of this gold that has been flooding into America is in preparation for a shift back to a gold-backed, or partial-gold-backed system. The influx of gold corresponds with a comment recently made by Trump's new Treasury Secretary, Scott Bessent, who said he was going to:

“Monetize the asset side of the U.S. balance sheet for the American people.”

Glenn pointed out that per a 1972 law, the gold in Fort Knox is currently set at a fixed value of $42 an ounce. At the time of this writing, gold was valued at $2,912.09 an ounce, which is more than a 6,800 percent increase. If the U.S. stockpile was revalued to reflect current market prices, it could be used to stabilize the dollar. This could even mean a full, or partial return to the gold standard, depending on the amount of gold currently being imported.

Empty coffers—you will own nothing

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Unfortunately, Glenn suspects there is another, darker purpose behind the recent gold hubbub.

As mentioned before, the last realaudit of Fort Knox was done under President Eisenhower, in 1953. While the audit passed, a report from the Secretary of the Treasury revealed that a mere 13.6 percent was checked. For the better part of a century, we've had no idea how much gold is present under Fort Knox. After the gold hemorrhage in the 60s, many were suspicious of the status of our gold supply. In the 80s, a wealthy businessman named Edward Durell released over a decade's worth of research that led him to conclude that Fort Knox was all but empty. In short, he claimed that the Federal Reserve had siphoned off all the gold and sold it to Europe.

What would it mean if America's coffers are empty? According to a post by X user Matt Smith that Glenn shared, empty coffers combined with an influx of foreign gold could represent the beginning of a new, controlled economy. We couldstill be headed towards a future where you'll ownnothing.

Glenn: The most important warning of your lifetime—AI is coming for you

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Artificial intelligence isn’t coming. It’s here. The future we once speculated about is no longer science fiction—it’s reality. Every aspect of our lives, from how we work to how we think, is about to change forever. And if you’re not ready for it, you’re already behind. This isn’t just another technological leap. This is the biggest shift humanity has ever faced.

The last call before the singularity

I've been ringing this bell for 30 years. Thirty years warning you about what’s coming. And now, here we are. This isn’t a drill. This isn’t some distant future. It’s happening now. If you don’t understand what’s at stake, you need to wake up—because we have officially crossed the event horizon of artificial intelligence.

What’s an event horizon? It’s the edge of a black hole—the point where you can’t escape, no matter how hard you try. AI is that black hole. The current is too strong. The waterfall is too close. If you haven’t been paying attention, you need to start right now. Because once we reach Artificial Super Intelligence (ASI), there is no turning back.

You’ve heard me talk about this for decades. AI isn’t just a fancy Siri. It isn’t just ChatGPT. We are on the verge of machines that will outthink every human who has ever lived—combined. ASI won’t just process information—it will anticipate, decide, and act faster than any of us can comprehend. It will change everything about our world, about our lives.

And yet, the conversation around AI has been wrong. People think the real dangers are coming later—some distant dystopian nightmare. But we are already in it. We’ve passed the point where AI is just a tool. It’s becoming the master. And the people who don’t learn to use it now—who don’t understand it, who don’t prepare for it—are going to be swallowed whole.

I know what some of you are thinking: "Glenn, you’ve spent years warning us about AI, about how dangerous it is. And now you’re telling us to embrace it?" Yes. That’s exactly what I’m saying. Because if you don’t use this tool—if you don’t learn to master it—then you will be at its mercy.

This is not an option anymore. This is survival.

How you must prepare—today

I need you to take AI seriously—right now. Not next year, not five years from now. This weekend.

Here’s what I want you to do: Open up one of these AI tools—Grok 3, ChatGPT, anything advanced—and start using it. If you’re a CEO, have it analyze your competitors. If you’re an artist, let it critique your work. If you’re a stay-at-home parent, have it optimize your budget. Ask it questions. Push it to its limits. Learn what it can do—because if you don’t, you will be left behind.

Let me be crystal clear: AI is not your friend. It’s not your partner. It’s not something to trust. AI is a shovel—an extremely powerful shovel, but still just a tool. And if you don’t understand that, you’re in trouble.

We’ve already seen what happens when we surrender to technology without thinking. Social media rewired our brains. Smartphones reshaped our culture. AI will do all that—and more. If you don’t take control now, AI will control you.

Ask yourself: When AI makes decisions for you—when it anticipates your needs before you even know them—at what point do you stop being the one in charge? At what point does AI stop being a tool and start being your master?

And that’s not even the worst of it. The next step—transhumanism—is coming. It will start with good intentions. Elon Musk is already developing implants to help people walk again. And that’s great. But where does it stop? What happens when people start “upgrading” themselves? What happens when people choose to merge with AI?

I know my answer. I won’t cross that line. But you’re going to have to decide for yourself. And if you don’t start preparing now, that decision will be made for you.


The final warning—act now or be left behind

I need you to hear me. This is not optional. This is not something you can ignore. AI is here. And if you don’t act now, you will be lost.

The next 18 months will change everything. People who don’t prepare—who don’t learn to use AI—will be scrambling to catch up. And they won’t catch up. The gap will be too wide. You’ll either be leading, or you’ll be swallowed whole.

So start this weekend. Learn it. Test it. Push it. Master it. Because the people who don’t? They will be the tools.

The decision is yours. But time is running out.

The coming AI economy and the collapse of traditional jobs

Think back to past technological revolutions. The industrial revolution put countless blacksmiths, carriage makers, and farmhands out of business. The internet wiped out entire industries, from travel agencies to brick-and-mortar retail. AI is bigger than all of those combined. This isn’t just about job automation—it’s about job obliteration.

Doctors, lawyers, engineers—people who thought their jobs were untouchable—will find themselves replaced by AI. A machine that can diagnose disease with greater accuracy, draft legal documents in seconds, or design infrastructure faster than an entire team of engineers will be cheaper, faster, and better than human labor. If you’re not preparing for that reality, you’re already falling behind.

What does this mean for you? It means constant adaptation. Every three to five years, you will need to redefine your role, retrain, and retool. The only people who survive this AI revolution will be the ones who understand its capabilities and learn to work with it, not against it.

The moral dilemma: When do you stop being human?

The real danger of AI isn’t just economic—it’s existential. When AI merges with humans, we will face an unprecedented question: At what point do we stop being human?

Think about it. If you implant a neural chip that gives you access to the entire internet in your mind, are you still the same person? If your thoughts are intertwined with AI-generated responses, where do you end and AI begins? This is the future we are hurtling toward, and few people are even asking the right questions.

I’m asking them now. And you should be too. Because that line—between human and machine—is coming fast. You need to decide now where you stand. Because once we cross it, there is no going back.

Final thoughts: Be a leader, not a follower

AI isn’t a passing trend. It’s not a gadget or a convenience. It is the most powerful force humanity has ever created. And if you don’t take the time to understand it now, you will be at its mercy.

This is the defining moment of our time. Will you be a master of AI? Or will you be mastered by it? The choice is yours. But if you wait too long, you won’t have a choice at all.

Editor's Note: This article was originally published on TheBlaze.com.

Trump's Zelenskyy deal falls apart: What happened and what's next?

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Trump offered Zelenskyy a deal he couldn’t refuse—but Zelenskyy rejected it outright.

Last Friday, President Donald Trump welcomed Ukrainian President Volodymyr Zelenskyy to Washington to sign a historic agreement aimed at ending the brutal war ravaging Ukraine. Joined by Vice President J.D. Vance, Trump met with Zelenskyy and the press before the leaders were set to retreat behind closed doors to finalize the deal. Acting as a gracious host, Trump opened the meeting by praising Zelenskyy and the bravery of Ukrainian soldiers. He expressed enthusiasm for the proposed agreement, emphasizing its benefits—such as access to Ukraine’s rare earth minerals for the U.S.—and publicly pledged continued American aid in exchange.

Zelenskyy, however, didn’t share Trump’s optimism. Throughout the meeting, he interrupted repeatedly and openly criticized both Trump and Vance in front of reporters. Tensions escalated until Vance, visibly frustrated, fired back. The exchange turned the meeting hostile, and by its conclusion, Trump withdrew his offer. Rather than staying in Washington to resolve the conflict, Zelenskyy promptly left for Europe to seek support from the European Union.

As Glenn pointed out, Trump had carefully crafted this deal to benefit all parties, including Russia. Zelenskyy’s rejection was a major misstep.

Trump's generous offer to Zelenskyy

Glenn took to his whiteboard—swapping out his usual chalkboard—to break down Trump’s remarkable deal for Zelenskyy. He explained how it aligned with several of Trump’s goals: cutting spending, advancing technology and AI, and restoring America’s position as the dominant world power without military action. The deal would have also benefited the EU by preventing another war, revitalizing their economy, and restoring Europe’s global relevance. Ukraine and Russia would have gained as well, with the war—already claiming over 250,000 lives—finally coming to an end.

The media has portrayed last week’s fiasco as an ambush orchestrated by Trump to humiliate Zelenskyy, but that’s far from the truth. Zelenskyy was only in Washington because he had already rejected the deal twice—first refusing Vice President Vance and then Secretary of State Marco Rubio. It was Zelenskyy who insisted on traveling to America to sign the deal at the White House. If anyone set an ambush, it was him.

The EU can't help Ukraine

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After clashing with Trump and Vance, Zelenskyy wasted no time leaving D.C. The Ukrainian president should have stayed, apologized to Trump, and signed the deal. Given Trump’s enthusiasm and a later comment on Truth Social—where he wrote, “Zelenskyy can come back when he is ready for peace”—the deal could likely have been revived.

Meanwhile, in London, over a dozen European leaders, joined by Canadian Prime Minister Justin Trudeau, convened an emergency meeting dubbed the “coalition of the willing” to ensure peace in Ukraine. This coalition emerged as Europe’s response to Trump’s withdrawal from the deal. By the meeting’s end, UK Prime Minister Keir Starmer announced a four-point plan to secure Ukrainian independence.

Zelenskyy, however, appears less than confident in the coalition’s plan. Recently, he has shifted his stance toward the U.S., apologizing to Trump and Vance and expressing gratitude for the generous military support America has already provided. Zelenskyy now says he wants to sign Trump’s deal and work under his leadership.

This is shaping up to be another Trump victory.