Bitcoin Entrepreneur: 'Something Happens to the Social Fabric When People Cannot Trust Something As Basic As Money'

The CEO of a Bitcoin wallet startup explained the social importance of a digital currency that isn’t controlled by the government on radio Tuesday.

The cryptocurrency Bitcoin has been rising in value but is still mysterious to most people. One of its distinguishing characteristics is that bitcoin is a currency that operates outside any government, country or other entity that could manipulate it.

Wences Casares, founder of Bitcoin wallet startup Xapo, shared a moving story from his childhood to illustrate why an independent currency could be the future.

Glenn Beck asked about Casares’ experience growing up in Argentina at the time when their currency collapsed.

“I’m imagining that that drives you quite a bit when it comes to Bitcoin,” Glenn noted.

Casares recalled the day that his mom interrupted the school day to pick up him and his two sisters for a trip to get groceries, something that was highly unusual. His mom carried two plastic bags of cash because she had been paid that day, and she gave each child a list of groceries to get. When they had gotten everything on the list and had money left, she told them to get more food, saying, “Tomorrow, [the money is] going to be worth less. We have to spend it all today.”

A currency that can’t be devalued overnight could not only help people to eat that day, but also hold society together. “Something happens to the social fabric when people cannot trust something as basic as money,” Casares said.

GLENN: Wences Casares, he is the CEO of Xapo.com. X-A-P-O.com. He's a technology entrepreneur, founder and CEO of this bitcoin wallet start-up. He says that bitcoin will end up being bigger that night internet itself and changing our lives more than the internet.

That is quite a claim, Wences.

WENCES: Yes. I also think that bitcoin is an experiment still. And as such, it has chances of failing and chances of failing that are nontrivial. So it's quite broad that it can also fail.

GLENN: Yes.

WENCES: But if it succeeds, it's likely to be more important than the internet itself, especially for many billions of people I could imagine in the future, preferring that you take away their internet, but not their bitcoin.

GLENN: Okay. So I want to get to that in a second. But I want to just explain what he said is so true. And it's why I've said to people, look, you have $500, you should put it into bitcoin. But don't put anything into bitcoin that you actually think, "Oh, man, I'd hate to lose that." Then don't put it in. Because it is really risky. You don't make the kind of money that is being made right now on something that isn't risky. This is really risky.

WENCES: This is incredibly risky. And what you're saying is very good advice. Which is: Nobody should own an amount of bitcoin they cannot afford to lose because they may very well lose it. So it's important to understand that any money you cannot afford to lose, you should not have in bitcoin. It should only be play money, that if you lose it, you're okay. It's a small amount.

GLENN: Right. And that kind of explains, I mean, there are -- what? Ninety percent of the people who own bitcoin, maybe more, own less than one bitcoin.

WENCES: Yeah.

GLENN: I mean, people are in it literally for 500 bucks or $100 or whatever.

WENCES: Yeah.

GLENN: Is there a minimum getting in?

WENCES: There is no minimum.

GLENN: So tell me how you believe people will say, "Don't take my bitcoin, but you can take my internet." What do you mean by that?

WENCES: Understanding bitcoin -- bitcoin is simpler than the internet at a technical level, if you will. And I think when people don't understand it, it's not their fault, but our fault. The people explaining it. We make it more complicated than it needs to be, because it makes us sound more intelligent, I guess, or something.

STU: We try that a lot too. It doesn't work for us.

(chuckling)

WENCES: You think about it, most people feel confident and comfortable about their understanding of the internet. Right? Without really understanding how --

GLENN: How it works.

WENCES: -- it really works, technically. It's not necessary to understand it. Or even a credit card. Right? Most people feel very confident with a credit card, understanding how it works.

But if you ask them, what happens when you swipe the card, where does that information go? Does it go to your bank or to the merchant's bank? At what point does it get approved? Who says it, right?

We don't really need to understand a lot of those details, to understand how credit cards work and what they can and cannot do for us. The same thing with internet and the same thing for bitcoin.

And the things that do matter and that we do need to understand of bitcoin are quite simple, really. And it's three, three things that make bitcoin unique, that we're not -- that did not exist before bitcoin existed, that bitcoin brought to the world.

Number one and most important: It's that it's not controlled by anyone. And it is not possible to control it. And it's a key feature. Without it, it would be irrelevant. It has a lot of very positive consequences. It has some potentially negative consequences. But it's what makes bitcoin bitcoin. Nobody can control it. Not me. Not any group of people. Not any company. Not any country. Not any army. Nobody can control it. That's number one.

Number two, is there will never be more than 21 million bitcoin. It's a finite number. And that cannot be changed.

And number three, whenever you have some bitcoin, you are free to send it to anyone you want, anywhere in the world, pretty much in real time, and pretty much for a very, very low cost. That last quality, it's quite revolutionary. And I call -- a lot of people call it the uncensorability of bitcoin.

No one can keep you from acquiring some bitcoin. It's impossible to do. No one can keep you from keeping those bitcoin, and no one can keep you from sending those bitcoin to whomever you want.

When you put those three qualities together, that's really all you need to understand about bitcoin. How that gets accomplished, it's complicated and technical, but not really needed to understand. Just like you don't need to understand how the internet manages to deliver all of this movies and stuff that it does.

GLENN: You grew up in Argentina --

WENCES: Yep.

GLENN: -- when the economy collapsed. When the money collapsed.

WENCES: Correct.

GLENN: And I am imagining that that drives you quite a bit when it comes to bitcoin.

WENCES: I think so, yes. I would imagine so.

GLENN: Tell me the story of what it's like when there's a currency collapse.

WENCES: My parents are sheep ranchers. And in my lifetime, in my childhood, I saw them lose everything three times. The first time that I have a memory of it, it's because of hyperinflation. And I have this -- everything -- that they lose everything, it was because something happened with a country, either hyperinflation or the government confiscated all bank deposits or a huge devaluation, right?

All kinds of crazy experiments that are hard to fathom from the perspective of someone who has lived in an economy where you've always been able to trust the dollar and the banks. And so did your parents and grandparents.

I have this memory of my mom coming to get my two sisters and I out of school. That never happened before, so something was going on in the middle of the school day.

And she was carrying two plastic bags full of cash. And she was a receptionist at the government bureau. And she had just been paid. And her salary, two plastic bags of cash, of bills.

GLENN: Wow.

WENCES: And she took us to the supermarket, and she gave us each a list and told us what to carry. We each had an aisle. Got all of those things, and we all met at the cashier.

And after everything had gone through the cashier, there was some money left over, and she sent us back to get more stuff.

And one of my sisters asked, "Why don't we save money for tomorrow?" And my mom explained, "No. Tomorrow, it's going to be worth less. We have to spend it all today."

And I'll never forget that. Partly because it's easy to understand the economic and financial consequences in a family, in a society of that. But it's harder to imagine what's really going on, which is much more beyond financial consequences. Something happens to the social fabric, when people cannot trust something as basic as money. And a lot of people go crazy and desperate. And something -- very quickly, some trust breaks down that takes years or generations to rebuild.

GLENN: Yeah. Talking to the CEO of Xapo.com. X-A-P-O.com. It is a bitcoin wallet startup.

So I buy my bitcoin. And it's now in a wallet. It's in your bank, if you will. If I'm not mistaken, your bank is buried in some mountain in Switzerland or something, right?

WENCES: Correct.

GLENN: But it's not a bank like we think of a bank.

WENCES: No. It is a bank in that you can use us to buy bitcoin, to store, to keep the bitcoin safely, to make it very easy to acquire the bitcoin, to store them safely, to send bitcoin.

It is not like a bank in a more technical manner, in which today the -- when you go to a normal bank, they own your money. And they owe it to you. So if you look at their balance sheet, they have an asset. That is the money you gave them and a liability, that is what they owe to you.

We are a purely custodian. So we do not own your bitcoins. Your bitcoins are only yours. And there are many reasons why we think that that's a lot safer. So we are the digital equivalent of a safety deposit box, right?

And the safety-deposit box is ours. But whatever is inside, it's yours. And if we were to disappear or go bankrupt, what can go away is the safety deposit box, but the contents have to go back to you.

GLENN: And what makes you think that -- well, before we get there, tell me what happened with this fork in the road. Because this caused some real panic with people because they didn't know -- they didn't really even understand the concept that bitcoin because it's -- it's becoming to be used more frequently. I believe Japan now has recognized it as an official currency. And if I'm not mistaken, isn't Japan becoming a bitcoin society?

WENCES: Yeah.

GLENN: And because the transactions are happening so rapidly, there was talk about, we have to have a faster way to process these.

This is my understanding.

WENCES: Yeah.

GLENN: And there became this fork in the road between bitcoin cash and bitcoin. I don't know the difference. What is the difference?

WENCES: Not really -- again, it's not really a big deal basically what happened. And bitcoin is an open source software. So we all can see every single line is public. And the five of us could do another fork, and if we wanted. Right? Just copy all the code, paste it, and run it ourselves, or run it with another group of people. And it's up to the market to decide if they want to use ours or the other one. So this was always a possibility. Finally, someone did it for the first time. I think this would be a feature, bitcoin going forward, we'll see forks here or there. And there will always be one version of bitcoin that is the most used, the one that has the longest history, and then there will be others that will be like cousins that were derived of bitcoin, but will turn out to be different. Right?

GLENN: Can you turn your bitcoin into cash?

WENCES: Of course. Into normal cash?

GLENN: Yeah. Yeah.

WENCES: Of course, yeah. It's like any currency.

GLENN: Yeah. Yeah. And what is the percentage now of things that you can buy -- I mean, there was a big push -- we spoke five years ago. You know, people need to start -- you know, companies need to start taking bitcoin as payment.

What are the big companies doing to accept it? Are you seeing any big movement?

WENCES: There's about 100,000 merchants online that accept bitcoin. It's my opinion that bitcoin has been around for -- for less than nine years. And it will take another decade or two for it to get established. I think that the age of bitcoin becoming a way to pay at a merchant is quite far away.

I think that the era we're looking at is about something very different. In fact, I think that things like what we're seeing -- we had to go this year through the fork, for everybody to stop worrying about and learn that it's not a big deal.

Forks are something we can live with. It doesn't really hurt anyone. And -- but until it happened, a lot of people were freaking out about it, right? And I can tell you so many things that people freaked out about, every three months, in bitcoin. And we have to see them happen. People say, "Oh, that's good. Oh, it's robust. It works." I think we have a lot more of that to come.

Right now, I think bitcoin is in this first stage establishing itself more as a -- as a -- not so much for payment. What you said you were doing, Glenn, which you're holding it as historic value, just in case, not unlike what some families did with -- they had somewhere in the house, a stash of some jewelry, just in case, right? Or gold. It's more like that.

And only if it succeeds at that first, with very massive adoption, and hundreds of millions of people, it will then make sense as a payment mechanism.

GLENN: Yeah.

WENCES: But right now, it's a bit too early. It can be used. And a lot of people do use it. But from my subjective point of view, the more important thing that is happening at this stage is it's standing at historic value.

GLENN: Wences Casares, he is the CEO of Xapo.com. X-A-P-O.com. You should check it out. And as I said earlier, don't -- don't put money into this that you can't -- you can't easily say, "Oh. I'm fine without it." At this point, it's one of those things that could make you a lot of money and you could lose every single dime. And -- and so you put just a little bit in there to -- to just, what the heck, let's give it a whirl, and see what happens.

Thank you, Wences. I appreciate it. God bless.

WENCES: Thank you very much. Thank you for having me.

(OUT AT 10:25AM)

GLENN: We -- we're going to have -- we're going to have --

STU: It's fascinating.

JEFFY: It sure is.

GLENN: The CEO of Xapo stay with us for a second. Because we were just talking in the break, there is a real downside, a risk to this. But the world completely changes if it works. And you were just saying that there's about a 20 percent chance that you use all the money, right?

WENCES: I would say at least a 20 percent chance that you use all the money.

JEFFY: At least.

GLENN: And you said that there was --

PAT: On the other side, there's an upside.

GLENN: You were saying that there's a 50 percent chance --

WENCES: Yes.

GLENN: -- that bitcoin, one single bitcoin, now worth $4,000. Was worth 200 when Trump took that long escalator ride down, two years ago. You're saying that in ten years, you believe that could hit a million dollars?

WENCES: I think there is a 50 percent chance that one bitcoin could be worth more than a million dollars and less than --

PAT: I mean, that's -- that's worth the 4,000-dollar investment. Right?

WENCES: What I would say is that it's very worthwhile -- just like I would say, the most irresponsible thing you could do would be to own an amount of bitcoin you cannot afford to lose, to have the kid's college fund there or your retirement or mortgage. That would be really -- the most irresponsible thing you can do.

GLENN: But if you put $500 in because you're like, "You know what, we're going to scrimp, and we're going to save. And I'm not touching our savings. I'm not touching anything. We're just going to stop going to movies. Going out to eat for a while. I'll put $500 in." $500 is worth a lot of money if this is right in ten years.

PAT: Uh-huh. Uh-huh.

WENCES: Yeah. Yeah. That's my point, is that the second most irresponsible thing you could do is not to have any. Right? It's so asymmetrical, that you can have something that doesn't really -- is not material to you, but it can have a very material impact on your life.

So why not do it?

 

Glenn gives the latest coronavirus numbers, updating YOU on everything needed to know as Americans and officials monitor China's new COVID-19 virus:

Daily Stats as of 5:30 AM CT (from John's Hopkins)

  • Total Confirmed Cases Worldwide: 1,030,324 (up from 950,638 Yesterday)
  • Total Confirmed Deaths Worldwide: 54,226 (up from 48,289 Yesterday)
  • Total Confirmed Recovered Worldwide: 219,896 (up from 202,631 Yesterday)
  • 5% of Active Cases are considered serious (requiring hospitalization) Steady from 5% Yesterday, but down from 19% high back in February
  • Note that 12% of US Confirmed Cases require Hospitalization, roughly on par with Italy at 12% requiring hospitalization and lower than Spain, where 18% of patients require hospitalization.
  • US has 245,380 Confirmed Cases and 6,095 Deaths, up from 215,344 cases and 5,112 deaths yesterday
  • The US currently has 228,874 Active Cases of COVID-19, with about 1% of the US Population tested
  • 15% of Americans who have been tested have been diagnosed with COVID-19
White House to Recommend All Americans Wear Face Masks in Public https://www.washingtonpost.com/health/2020/04/02/coronavirus-facemasks-policyreversal/
  • The White House is poised to urge Americans to wear cloth masks or face coverings in public to help prevent the spread of the novel coronavirus, in a reversal of earlier advice.
  • President Trump said Thursday at a coronavirus task force briefing that "a recommendation is coming out," but "I don't think it will be mandatory. If people want to wear them, they can."
  • Later, however, a White House official, who spoke on the condition of anonymity to relate internal discussions, said that the guidance being considered is "narrowly targeted to areas with high community transmission" and that the matter remains under discussion.
  • A new Memo from the CDC states: "In light of new data, along with evidence of widespread transmission in communities across the country, CDC recommends the community use of cloth masks as an additional public health measure people can take to prevent the spread of the virus to those around them."
  • The recommendations represent a major change in CDC guidance that healthy people don't need masks or face coverings.
  • The news comes as Laredo, TX joins more than a dozen American cities or Counties that have mandated the use of face masks for all persons in public spaces such as grocery stores or shopping centers. Violaters without a facemask risk up to a $1000 fine. https://www.foxnews.com/us/texas-city-fine-people-who-dont-cover-faces-outside-coronavirus
  • Similar provisions are being considered for the entire State of California, according to Governor Gavin Newsom's office.
Anti-body Tests Getting Accelerated Availability https://news.yahoo.com/antibody-tests-key-ending-covid-19-lockdowns-162305617.html
  • Unlike Vaccine testing and production which could take months or years, SARS-CoV-2 Antibody tests could be available in the US in a few weeks.
  • Such tests could be key in enabling the partial lifting of lockdown and shelter-in-place orders, as authorities could determine who might already have immunity to the virus and could return to work.
  • "If we can determine someone's already had the virus and now has immunity and is no longer contagious to others, that's what we're looking for here," said Anthony Fauci in Thursday's White House COVID-19 Task Force update.
  • However, it should be noted that researchers have yet to determine if anti-body production renders people permanently or only temporarily immune to the SARS-CoV-2 virus that causes COVID-19.
  • While some Virus immunities, such as Chicken Pox, are generally permanent immunities, others, such as SARS-1 and Rhinovirus (the common cold) grant only short-term, multi-month immunity...which is why people can get a cold each year.
  • Most known Coronavirus immunities in humans are not permanent, researchers have noted. Influenza, for example, grants only seasonal immunity and can be caught again only a few months later.
Lord Have Mercy...Hospital Ships Sit Empty https://www.nytimes.com/2020/04/02/nyregion/ny-coronavirus-usns-comfort.html
  • The much-touted Navy Hospital Ships in New York and Los Angeles sit 95% empty as of Thursday evening.
  • In New York, The USNS Comfort's 1,000 beds are largely unused, its 1,200-member crew mostly idle. "We're waiting for patients," one nurse was quoted by the New York Times.
  • Only 20 patients had been transferred to the ship, officials said, even as New York hospitals struggled to find space for the thousands infected with the coronavirus.
  • Another Navy hospital ship, the USNS Mercy, docked in Los Angeles, has had a total of 15 patients, officials said.
  • "If I'm blunt about it, it's a joke," said Michael Dowling, the head of Northwell Health, New York's largest hospital system. "Everyone can say, 'Thank you for putting up these wonderful places and opening up these cavernous halls.' But we're in a crisis here, we're in a battlefield."
  • What's the issue? In classic government style: Red Tape.
  • On top of its strict rules preventing people infected with the virus from coming on board, the Navy is also refusing to treat a host of other conditions. Guidelines disseminated to hospitals included a list of 49 medical conditions that would exclude a patient from admittance to the ship.
  • Ambulances cannot take patients directly to the Comfort; they must first deliver patients to a city hospital for a lengthy evaluation — including a test for the virus — and then pick them up again for transport to the ship. With 911 call centers already massively over-capacity, ambulances aren't available to take non-infected persons to each ship.
  • Meanwhile, across New York hospitals are overrun. Patients have died in hallways before they could even be hooked up to one of the few available ventilators in New York. Doctors and nurses, who have had to use the same protective gear, again and again, are getting sick.
  • "So many people are dying that the city is running low on body bags," Dowling said. "The Coroner's office told our administrator to start double-wrapping bodies in sheets for the time being."
In Hopeful Sign, University of Pittsburgh Researchers May Have Found COVID-19 Vaccine https://nypost.com/2020/04/02/scientists-believe-they-found-potential-coronavirus-vaccine/
  • Scientists at the University of Pittsburgh School of Medicine believe that they've found a potential vaccine for the new coronavirus.
  • The researchers announced their findings Thursday and believe the vaccine could be rolled out quickly enough to "significantly impact the spread of disease," according to their study published in EBioMedicine.
  • The vaccine would be delivered on a small, fingertip-sized patch. When tested on mice, the vaccine produced enough antibodies believed to successfully counteract the virus.
  • The scientists say they were able to act fast because they had already done research on the similar coronaviruses SARS and MERS.
  • The Trump Administration ordered the FDA to fast-track the next phase of Animal trials for the experimental vaccine.
  • Officials did warn that even if successful, human trials and ultimate production could still be as many as 12-18 months away.
  • "It's early, but this is a very positive result," the lead scientist said in an interview. "We're well on our way."
Vermont, Maryland Make Buying Seeds to Grow Food Illegal https://www.eagletimes.com/covid_19/large-retailers-stop-in-person-sales-of-nonessential-items-in-vermont/article_c1d0e43c-7432-11ea-8ca9-a30ed891d9fd.htmlimage.png Canada's Farmers Warn of Food Supply Impact Due to Non-Essential Designation https://ipolitics.ca/2020/04/02/the-sprout-canadian-farmers-worry-for-food-supply/, https://business.financialpost.com/commodities/agriculture/agriculture-sector-scrambling-to-offset-consequences-of-covid-19-crisis
  • Canada's government issues a list of industries and jobs it deemed essential, including food delivery, shipping & logistics, medical care, energy production & delivery.
  • One industry that was glaringly absent: agricultural production.
  • Like the US, Canada's agricultural industry relies on migrant and seasonal workers to plant and harvest foods, especially key fruits and vegetables that must be picked by hand.
  • Industry representatives have begun to petition the government to include Ag production an essential service so travel restrictions can be relaxed to allow workers to travel into Canada and use of public transportation systems to get to where planting activities must occur soon to allow for Fall food harvests.
  • Canada's Federation of Independent Grocers also extended a warning to the Government that it projects food costs in Canada could rise by as much as 90% in the coming months due to COVID-19 related disruptions. https://nationvalleynews.com/2020/04/01/grocers-group-warns-rising-food-costs-come/
Industry Expert Warns Illness Among Agricultural Workers Could Threaten US Food Supplies https://www.msn.com/en-us/finance/markets/an-outbreak-among-farm-workers-would-be-catastrophic/ar-BB1257dl
  • Much of the US food supply chain is staffed by low-wage workers, many of them undocumented immigrants with limited ties to health services.
  • The Pew Research Center has estimated that about one-quarter of U.S. farmworkers are undocumented.
  • A 2019 U.S. Department of Labor survey estimated that the share of field workers who are undocumented is closer to half of all farmworkers.
  • The food processing industry also has high numbers of undocumented workers, as do many of the nation's smaller grocers and fast-food restaurants.
  • Immigrant farming communities are often close-knit, with laborers living and working in close proximity, with workers sharing hotel rooms and even make-shift Tents with cots, to save on costs.
  • As the California-based Western Growers Association states, "Social distancing is difficult or perhaps impossible in certain settings such as harvesting, transport (of workers) and housing."
  • One California grower told National Public Radio that if the coronavirus penetrates the agricultural community, "it will spread like wildfire."
  • The news comes as Mexico only recently restricted movements and travel, issuing shelter-in-place orders for 90% of the country.
  • The Trump Administration recently eased restrictions on H-2a Ag Worker visas, but industry experts warned many workers planned to stay in Mexico or other Central American countries due to travel restrictions now in effect in those countries. https://www.latimes.com/business/story/2020-03-27/state-department-eases-requirements-for-h2a-visa
  • The Western Growers Association currently estimates a 30% reduction in labor force this year, which may be further impacted if COVID-19 spreads among workers who live and work in tight close quarters.
LA Mayor: "Snitches Get Rewards" https://losangeles.cbslocal.com/2020/03/31/coronavirus-los-angeles-eric-garcetti-snitches-get-rewards/
  • Los Angeles Mayor Eric Garcetti announced new guidelines for construction sites that continue to operate during the coronavirus pandemic while encouraging the community to report businesses that violate the Safer at Home order.
  • Garcetti said that since the stay at home order was put in place, the city has been told about construction sites that have not been following the guidelines set out in that order.
  • "You know the old expression about snitches, well in this case snitches get rewards," Garcetti said. "We want to thank you for turning folks in and making sure we are all safe."
  • As of Tuesday afternoon, Garcetti said "business ambassadors" from the city had visited 540 businesses that had not complied with the Safer at Home order. Of those, 144 were visited by officers with the Los Angeles Police Department to ensure compliance with the order.
  • So far, Four businesses have been referred to the city attorney's office for misdemeanor filings.
  • The story comes as business owners across the US have been cited and even arrested for violating House Arrest orders, many turned in by way of anonymous calls to police departments. https://apnews.com/343ed4a8e95dfc8f8dda87b9e450ca57
In Germany, Hundreds of Citations Handed Out Based on Anonymous Reports and Emails to Police Departments https://news.trust.org/item/20200402160625-8y12u
  • (Headline Bloomberg News) Germans snitch on neighbors flouting virus rules, in an echo of the Stasi past
  • Law-abiding Germans are zealously helping police crackdown on people flouting new social distancing rules aimed at slowing the spread of the coronavirus by reporting on strangers, neighbors and friends.
  • In a country where denunciation was commonplace under the Communists in East Germany and Hitler's Nazis, police forces across the country are getting tip-offs on anything from "corona parties" to people driving to weekend cottages.
  • Rules introduced in March forcing restaurants, pubs and sports facilities to shut and banning gatherings of people have given police plenty of work. With the number of corona cases and deaths climbing fast, there is no sign of easing enforcement.
  • Since March 14, police in the German capital have ordered 830 pubs, shisha bars and other establishments to shut and recorded 898 crimes.
  • "We are getting tip-offs from the public about open restaurants or large gatherings of people in parks," said a spokeswoman, adding officers were, as always, ready to deal with information from the public.
  • Forces around Germany are in a similar situation. Munich police took up to 150 calls every day last week from citizens reporting alleged breaches of corona rules, according to Spiegel Online.

For weeks now, our political leaders and the media have been repeating the World Health Organization's claim that non-medical-grade face masks don't work when it comes to preventing the spread of COVID-19. So, why are infectious disease experts now reconsidering their guidelines?

According to the New York Times, the director of the Centers for Disease Control and Prevention, Dr. Robert Redfield, said the guidance on wearing non-medical masks is "being critically re-reviewed, to see if there's potential additional value for individuals that are infected or individuals that may be asymptomatically infected."

In actuality, they didn't trust the American people to do the right thing and prioritize healthcare workers to receive masks first, opined Glenn Beck on the radio program Thursday. But they do work, and "if we're going to open the country up, we are going to all have to wear face masks," he said.

Listen to the clip to hear more details:

CORONAVIRUS UPDATE: Face Masks DO Work, US Cases Per Capita, and WHO Lies for Communist China youtu.be

In response to the COVID-19 quarantine, BlazeTV is offering our BIGGEST discount ever! Get $30 off your subscription when you use promo code GLENN. Claim your special offer at https://get.blazetv.com/glenn/.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

William "Bill" Kelly is 95-year-old World War II veteran from Oregon. He lived through the Great Depression.
He served in the South Pacific during World War II. And now he has just fought the coronavirus -- and won.

Bill joined Glenn Beck on the radio program Thursday to share his experience and a hopeful message about why the younger generations can overcome this crisis.

"I want to tell the people, it wasn't pleasant, but on the other hand, you know, if you do what you're supposed to do, and you have some loved ones around you, and do a lot of praying, why, you'll come through okay. We [American's] have been through a lot. We've been through Pearl Harbor. We've been through the Great Depression, and who knows what else. We're tough. We'll get through it. Hang in there," Bill said.

"You know, it's just -- it's in our American blood," he added. "We're that type of people. We take care of each other, and we are not going to break down. We're going to make it through, every time. Every time."

"There are people that don't think we are those people anymore. That it was the greatest generation -- your generation -- that did it, but now we're not the same people. Do you agree with that? Glenn asked.

"No," asserted Bill. "And the reason I say that is because I remember when I was a young kid, you know, and people, the older people, said 'all those young kids are soft' ... but when we were attacked at Pearl Harbor -- sneak attack, you know -- it's surprising how those so-called goofy kids turned into mighty fine fighting people. And they're very loyal. I have lots of faith in them ... no, I don't have any problems with this new generation. They'll take care of us. We're Americans."

Watch the video below to catch more of the conversation:

In response to the COVID-19 quarantine, BlazeTV is offering our BIGGEST discount ever! Get $30 off your subscription when you use promo code GLENN. Claim your special offer at https://get.blazetv.com/glenn/.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

Glenn gives the latest coronavirus numbers, updating YOU on everything needed to know as Americans and officials monitor China's new COVID-19 virus:

Daily Stats as of 5:30 AM CT (from John's Hopkins)

  • Total Confirmed Cases Worldwide: 950,638 (up from 872,891 Yesterday)
  • Total Deaths Worldwide: 48,289 (up from 43,271 Yesterday)
  • Total Confirmed Recovered Worldwide: 202,631 (up from 184,588 Yesterday)
  • 5% of Active Cases are considered serious (requiring hospitalization) Steady from 5% Yesterday, but down from 19% high back in February
  • Note that 12% of US Confirmed Cases require Hospitalization, roughly on par with Italy at 12% requiring hospitalization
  • US has 215,344 Confirmed Cases and 5,112 Deaths, up from 188,592 cases and 4,056 deaths yesterday
  • COVID-19 is now the 3rd leading cause of death in the US, behind Heart Disease and Cancer (based on daily fatalities per 1,000 people)
  • The United States of America now leads the world in total confirmed cases, with 115,000 more cases than Italy (although Italy leads the world in Deaths with 13,155 officially dead)
  • US is 25th in Total Confirmed Cases per 1 Million Population, with 651 cases per 1 Million people. Spain has 2,583 Cases per 1 Million people.
  • US is 23rd in Total Confirmed Dead per 1 Million Population, with 15 Dead per 1 Million citizens. Italy has 218 Dead per 1 Million.
  • US has 5,112 Dead vs 8,878 Recovered and 5,075 in Critical Condition
  • The US currently has 201,354 Active Cases of COVID-19, with still less than 1% of the total US population tested.
  • 17% of Americans who have been tested have been diagnosed with COVID-19
COVID-19 Now Killing Victims Who Don't Have COVID-19 https://nypost.com/2020/04/02/coronavirus-nyc-emts-stop-taking-cardiac-arrest-patients-to-hospitals/
  • EMTs in New York have been given a directive not to transport heart-attack victims to hospitals if they cannot be revived at the scene.
  • Prior cardiac arrest victims would have been transported to hospitals for further life-saving procedures, but with hospitals being overwhelmed with COVID-19 patients, heart attack victims are solely in the hands of local EMTs. If EMTs cannot restore a pulse at the scene, victims are to be left there to die.
  • "Artificial ventilation and/or compressions must not be delayed," the memo states, adding that chest "compressions must begin as soon as it is determined the patient does not have a pulse."
  • But the guidelines change if the patient cannot be revived before arriving at a hospital.
  • "In the event a resuscitation is terminated, and the body is in public view, the body can be left in the custody of the NYPD."
China Lied, People Died Trending on Social Media https://www.bloomberg.com/news/articles/2020-04-01/china-concealed-extent-of-virus-outbreak-u-s-intelligence-says
  • US Intelligence Services has concluded what the Internet has known since January: The Chinese Communist Party lied about total infected and total deaths due to Coronavirus.
  • Citing a report provided to the White House last week, officials confirmed that US Intelligence concludes 'gross' underreporting of total cases and total deaths, especially from Hubei Province.
  • Many have speculated that numbers coming out of China, Iran, North Korea, Russia and other totalitarian countries have been dramatically underreported, by as much as a factor of 10 according to official British Intelligence reports.
  • The early misrepresentation of data by the CCP may have lead some Western Politicians and epidemiologists to underestimate the seriousness of COVID-19 and delayed response in Italy, Spain, the UK and the US.
  • Though why anybody would have believed anything the Chinese Communist Party had to say remains an open question...
Italy's Death Toll Far Higher Than Reported https://www.msn.com/en-us/news/world/italys-coronavirus-death-toll-is-far-higher-than-reported/ar-BB122vvc
  • In the town of Coccaglio, an hour's drive east of here, the local nursing home lost over a third of its residents in March. None of the 24 people who died there were tested for the new coronavirus. Nor were the 38 people who died in another nursing home in the nearby town of Lodi.
  • These aren't isolated incidents. Italy's official death toll from the virus stands at 13,155, the most of any country in the world. But that number tells only part of the story because many people who die from the virus don't make it to the hospital and are never tested, therefore they aren't included in official numbers.
  • "They were all sick, they all had flu-like symptoms and difficulty breathing," stated a nurse from one of the nursing homes. "We had no ambulance to get them to Milan."
  • In the areas worst hit by the pandemic, Italy is undercounting thousands of deaths caused by the virus, a Wall Street Journal analysis shows, indicating that the pandemic's human toll may end up being much greater, and infections far more widespread, than official data indicate.
  • As stretched and sometimes overwhelmed hospitals fight to save their patients, many other people die unseen and uncounted, including elderly people in out-of-the-way locations.
  • In addition, the health-care crisis can lead to a surge of deaths from other causes that would normally be treatable.
  • "There are many more dead from the virus than are officially declared... People died and they were never tested because time and resources are limited," Eugenio Fossati, deputy mayor of Coccaglio, says of deaths caused by the virus.
More Numbers Hard to Trust as Bodies Left On The Streets in Ecuador https://www.scmp.com/news/world/americas/article/3078077/coronavirus-bodies-are-being-left-streets-ecuador
  • Coronavirus: bodies are being left on the streets in Ecuador.
  • 'They fall in front of hospitals or in back street alleys, or in small villages…no one wants to recover them,' says the mayor of Ecuador's largest city.
  • The army is placing unclaimed bodies in refrigerated cargo containers at the port while authorities pursue plans for a new cemetery.
  • The corpses have been overwhelming Guayaquil, a port city of 2.8 million at the epicenter of the coronavirus crisis in Ecuador.
  • Over the last few days, several were wrapped in plastic and left on the streets. Others have lain unclaimed in hospitals and clinics that have been overwhelmed by infections. The city morgue is full.
  • The majority of the dead are believed to be victims of the virus, but nobody can say for sure how many. There has been little testing.
  • The country has confirmed 2,700 infections and 93 deaths - 60 of them in Guayaquil and its immediate surroundings. But municipal officials there said they have recovered at least 400 bodies in the last 3 days.
  • Mayor Cynthia Viteri, who announced that she has also tested positive for the virus, said the national government should be responsible for collecting the corpses.
  • "They're leaving them in the villages, they are stacked in front of hospitals," she said in a Twitter video message to residents late last week.
  • Many local villages in Ecuador are simply burying the dead in unmarked graves, which will make official counting of COVID-19 victims impossible in the weeks ahead.
50% of Viral Spread Comes from People With No Symptoms https://www.cnn.com/2020/04/01/health/us-coronavirus-updates-wednesday/index.html
  • Researchers in Iceland have confirmed earlier reports from Hong Kong that a significant amount of viral spread is caused by carriers who have no symptoms.
  • In the US, Doctors at the CDC have confirmed asymptomatic spread, but estimate a number of about 25%.
  • If true, then the case for all persons to wear masks, even those who don't have symptoms, becomes much stronger.
  • To prevent further spread, the top infectious disease expert in the US says health officials are reconsidering guidance on face masks.
  • Dr. Anthony Fauci said he would "lean towards" recommending that the general public wear face masks "if we do not have the problem of taking away masks from the health care workers who need them. The public can stay home to avoid infection, but health care workers cannot," he said.
  • "We're not there yet, but I think we're close to coming to some determination," Fauci said.
Ship vs Train... Ship Wins https://abc7.com/usns-mercy-coronavirus-train-crash-derailment/6069395/
  • A Locomotive Engineer in Los Angeles has been charged with 1 Count of "Train Wrecking", a Class A Felony under Federal Law, after purposely derailing his freight train while attempting to sink the US Hospital ship Mercy.
  • Eduardo Moreno, 44, intended to hit the ship, saying he thought it was "suspicious" and did not believe "the ship is what they say it's for.'"
  • Moreno admitted to crashing the train intentionally but said he did not plan it out in advance. It is believed that he acted alone.
  • He allegedly made statements to a CHP officer that included "You only get this chance once. The whole world is watching. I had to. People don't know what's going on here. Now they will."
  • Officials say video from inside the train's cab shows Moreno holding a lighted flare during the incident.
Biggest Issue With COVID-19 in Malaysia: Nagging Wives https://www.npr.org/2020/04/01/825051317/dont-nag-your-husband-during-lock-down-malaysias-government-advises-women
  • Malaysia has the largest number of COVID-19 cases in Southeast Asia with more than 2,900 and counting.
  • This week, Malaysia's government also had a serious public relations issue after an ill-conceived plan went online.
  • Malaysia's Ministry for Women, Family and Community Development issued a series of online posters on Facebook and Instagram with the hashtag #WomenPreventCOVID19. It advised the nation's women to help with the country's partial lockdown by not nagging their husbands.
  • The ministry also advised women to refrain from being "sarcastic" if they asked for help with household chores.
  • Additionally, the Ministry urged women working from home to dress up and wear makeup.
  • After some negative response on social media, the public service messages have been removed from the Ministry's Facebook page.