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?

 

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

I want to talk to Generation Z. I’ve seen some clips of you complaining about your 9-to-5 jobs on social media and how life is really hard right now. To be honest, my first reaction was, “Suck it up, buttercup. This is what life is really like.” In a sense, that’s true. But in another sense, I think you’re getting a bad rap. You are facing unique problems that my generation didn’t face — problems that my generation had a hand in creating.

But I also think you don’t understand the cause of these problems.

I would hate to be in your position. When I was your age, we didn’t have to deal with any of the challenges you’re facing. In one sense, your life has been tough. At the same time, compared to previous generations, your life has been very easy. Everybody was rushing to save you, to protect you. You were coddled, which makes your life harder now.

You’ve grown up with social media and the definition of narcissism: somebody gazing into the pond looking at themselves all the time. I don't mean this as an offense, and I am not just including you in this. We’ve become a culture of narcissists. It’s all about “me, me, me, me.”

If you end up thinking more collectivism is the solution, then you haven't done enough homework.

You’ve been in territory that my generation never had to enter. You’ve already navigated a landscape that we didn't have to, where nothing is true, and you can’t trust anybody. I wouldn’t trust anybody either if I were in your position. But I do know a few things to be true and a couple of things I can trust.

First, life is worth it. Life is tough, but it is worth it in the end.

Second, life is not about stuff. As a guy who is kind of a pack rat, I can tell you that none of that stuff will create happiness in your life. In fact, I think your generation has a better handle on happiness in some ways than anybody in mine. You’re starting to realize that pharmaceuticals may not be as good as natural solutions in a lot of situations, that the huge house may not be as satisfying as just having a smaller house, that living your life instead of having to work all the time may be a better way to live.

I want to talk to those of you who feel like it’s not worth even trying to go to work because you’ll never get anywhere. You work 40 hours a week or more, and you still can't afford a place to live. You’re still living with your parents. You can’t afford food. I think you're right to feel frustrated because the problems you're facing weren't always the case.

I blame a lot of the current problems we’re facing today on the hippies. That may be wrong, but I hate hippies. Hippies have been screwing things up since the 1960s. While on their socialist march, they have become everything that they said they were against: lying, greedy politicians. They just won’t let go of their power even though their time has passed.

These are the people who have come up with policies that make you feel like this is the way the world is. I hope I can convince you that it doesn’t have to be this way. This isn’t the way our country has always been. We don’t have to keep these people in power. Actions have consequences. Votes have consequences. These people allow crime, looters, squatters, riots, and somebody needs to pay for that.

You say you can’t afford health care. I understand. Since Obamacare passed, the cost of individual health insurance has doubled. You need to remember that politicians promised that if we passed this massive health care overhaul, it would mean a savings of $2,500 per family. You're in school. You must know that $2,500 savings is not the same as an 80% increase. Moreover, the cost of hospital stays is up 210%. I understand when you say you can't afford health care at these costs. Who could afford health care? Who could afford insurance?

The generation coming of age is right to feel frustrated.This mess — with high costs and a massive debt burden — was not of their making.

Iwant to talk to Generation Z. I’ve seen some clips of you complaining about your 9-to-5 jobs on social media and how life is really hard right now. To be honest, my first reaction was, “Suck it up, buttercup. This is what life is really like.” In a sense, that’s true. But in another sense, I think you’re getting a bad rap. You are facing unique problems that my generation didn’t face — problems that my generation had a hand in creating.

But I also think you don’t understand the cause of these problems.

If you end up thinking more collectivism is the solution, then you haven't done enough homework.

I would hate to be in your position. When I was your age, we didn’t have to deal with any of the challenges you’re facing. In one sense, your life has been tough. At the same time, compared to previous generations, your life has been very easy. Everybody was rushing to save you, to protect you. You were coddled, which makes your life harder now.

You’ve grown up with social media and the definition of narcissism: somebody gazing into the pond looking at themselves all the time. I don't mean this as an offense, and I am not just including you in this. We’ve become a culture of narcissists. It’s all about “me, me, me, me.”

You’ve been in territory that my generation never had to enter. You’ve already navigated a landscape that we didn't have to, where nothing is true, and you can’t trust anybody. I wouldn’t trust anybody either if I were in your position. But I do know a few things to be true and a couple of things I can trust.

First, life is worth it. ≈

Second, life is not about stuff. As a guy who is kind of a pack rat, I can tell you that none of that stuff will create happiness in your life. In fact, I think your generation has a better handle on happiness in some ways than anybody in mine. You’re starting to realize that pharmaceuticals may not be as good as natural solutions in a lot of situations, that the huge house may not be as satisfying as just having a smaller house, that living your life instead of having to work all the time may be a better way to live.

I want to talk to those of you who feel like it’s not worth even trying to go to work because you’ll never get anywhere. You work 40 hours a week or more, and you still can't afford a place to live. You’re still living with your parents. You can’t afford food. I think you're right to feel frustrated because the problems you're facing weren't always the case.

I blame a lot of the current problems we’re facing today on the hippies. That may be wrong, but I hate hippies. Hippies have been screwing things up since the 1960s. While on their socialist march, they have become everything that they said they were against: lying, greedy politicians. ≈

These are the people who have come up with policies that make you feel like this is the way the world is. I hope I can convince you that it doesn’t have to be this way. This isn’t the way our country has always been. We don’t have to keep these people in power. Actions have consequences. Votes have consequences. These people allow crime, looters, squatters, riots, and somebody needs to pay for that.

If you end up thinking more collectivism is the solution, then you haven't done enough homework.

You say you can’t afford health care. I understand. Since Obamacare passed, the cost of individual health insurance has doubled. You need to remember that politicians promised that if we passed this massive health care overhaul, it would mean a savings of $2,500 per family. You're in school. You must know that $2,500 savings is not the same as an 80% increase. Moreover, the cost of hospital stays is up 210%. I understand when you say you can't afford health care at these costs. Who could afford health care? Who could afford insurance?

You are also starting your life with thousands of dollars in debt. Your parents didn't have that burden. People used to be able to work their way through college and graduate debt-free. Others were able to get jobs that quickly paid off their debt. You can't do that now. Once the government said that they were going to guarantee all student loans, university costs skyrocketed, and it hasn't stopped. You can thank the progressive President Lyndon B. Johnson for that.

The people who created this mess cannot fix it. But it can be fixed.

You are also starting your life with thousands of dollars in debt. Your parents didn't have that burden. People used to be able to work their way through college and graduate debt-free. Others were able to get jobs that quickly paid off their debt. You can't do that now. Once the government said that they were going to guarantee all student loans, university costs skyrocketed, and it hasn't stopped. You can thank the progressive President Lyndon B. Johnson for that.

Once the government said that they were going to guarantee everybody’s college tuition, universities found out that they could just charge more because the government would give you virtually any amount in your loan. And they have been charging more and more ever since. In 1965, the average college tuition was $450 a year. Adjusted to inflation, that's $4,000 a year. You're currently paying an average of $26,000 a year as opposed to the inflation-adjusted $4,000.

What happened? The answer is always the same: government regulations. Gas is up. Why? Government regulations. Can't afford a house? Well, that's due to several things. Many of them revolve around the fed and our national debt. But the simple answer is the same: government regulations.

Moreover, the U.S. government has run a staggering national debt. We have been concerned about it forever, but the people in power haven't been listening to your mom and dad and people like me. A lot of other people just thought, "Oh, well. We could get away with it. We're the United States of America, after all. Somehow or another, it will all work out."

People like me have been saying, "No. We can't pass this on to our children." You're now seeing what we have passed on. When you say that the adults are responsible for creating this world of problems, in some ways, you’re right. We were lied to, and as many people do, they want to believe the lie because it makes them feel better.

There are big lies being pushed in your generation as well. You're being told that a man is a woman and a woman is a man. At the same time, you’re being told that gender doesn't even exist at all. It makes us feel better to go along with the lie because we don't want to hurt anyone's feelings.

My generation believed the same kind of lie about our national debt. We were told that we could spend all this money on subsidized programs because it would provide you, our children, with a better life. Some people warned, "Wait, how will they pay this off? This will cost them." We didn't want to believe them. The lie sounded better, and it was easier to believe that than the truth. We never saw the consequences, and even if we did, they were always way out in the future. Nobody wanted to listen to the doomsday people saying, "No. It's going to come faster than you think."

And that time is right now. Our government now is printing $1 trillion every 100 days. That's never been done before. We have more debt than any country has ever had in the history of the world. But we’re not alone. Every country is doing this. They’re going into debt like we’ve never seen before, and we’re all about to pay for that. It’s going to make your life even harder.

There are Democrats and Republicans who still believe in spending all kinds of money and getting us involved in every global conflict. Then there are constitutional conservatives who believe that we should conserve the things that have worked and throw out the things that don’t and follow our Constitution and Bill of Rights. You haven't really learned about those most likely. But you should. All of our problems are caused by the government and the people who feel they can bypass the Constitution. That's what this election is really all about.

You might say, “I don’t really care. I don’t like either of the political parties.” I know a lot of people who don’t like either of them, but one is going to try to cut the size of this government and one is going to spend us into collapse.

The people who created this mess cannot fix it. But it can be fixed. You need to learn enough about the truth, about why this has happened to us, and about how our Constitution lasted longer than any other Constitution in the world. The average is 17 years. This thing has lasted hundreds of years. Why? How? And why is it falling apart today? That's what you should dedicate some of your time to figuring out today.

You can complain about the way things are. I complain. Everybody complains. But don't wallow there. Learn what caused this. And if you end up thinking more collectivism is the solution, then you haven't done enough homework. They always end the same way, and that's exactly where we're headed right now. We can either repeat the dreadful past of nations that have tried it before us, or we can choose freedom, liberty, and prosperity. The ball is in our court.

Glenn recently had Representative Thomas Massie on his show to sound the alarm about an important yet often overlooked issue affecting what we eat. Whether you're trying to be prepared to weather a catastrophe or just trying to keep food on the table without resorting to eating bugs, it's more important now than ever to source local food. Unnoticed by most, our right to eat home-grown or locally-sourced foods is under attack. The government doesn't just want a say in what you eat; they want you vulnerable and dependent on their system, and they are massively overstepping their bounds to ensure your compliance with their goals.

How did the attack on your food begin?

Government overreach on food can be traced back to 1938 under the autocratic eye of FDR with the Supreme Court case "Wickard v. Filburn." The case was pretty straightforward, but the results were devastating. The case began with the Agricultural Adjustment Act of 1938, which sought to control national food prices by placing limitations on how many crops farmers could grow in a season.

Filburn was one such farmer, who was allotted 11.1 acres of wheat to plant and harvest annually. Filburn planted and harvested 23 acres, arguing that the extra acres were not headed for the market, but were used for personal consumption. After being penalized for over-harvesting, he fought his case all the way up to the Supreme Court, arguing that Congress did not have the authority to regulate crops that never left his farm.

Unfortunately for Filburn (and the rest of us), the Supreme Court didn't agree. They ruled that the mere existence of that extra wheat—whether it left Filburn's farm or not—had an effect on the national value of wheat. Congress assumed the power to regulate just about anything that could be roped under the umbrella of "interstate commerce."

Under the precedent set by Wickard v. Filburn, Congress might bar you from growing tomatoes in your backyard, because it could affect national tomato prices. This was a major blow to our right to feed ourselves, and that right has been eroding ever since.

How is our right to feed ourselves under attack today?

Last June, the Virginia Department of Agriculture shut down Golden Valley Farms, a small Amish farm owned and operated by Samuel B. Fisher in Farmville, Virginia. Golden Valley Farms had started out selling dairy products, primarily, and processed some meat for personal consumption. However, by popular demand, Fisher began selling meat.

Fisher initially hauled his animals to a USDA processing plant, paid to have them processed, and then hauled them back. This process was time-consuming and costly, and Fisher's customers didn't want the meat processed by the plant. A survey done on Golden Valley Farms customers found that an overwhelming 92 percent preferred meat processed by Fisher. So naturally, Fisher began to process more and more meat for his customers.

Moreover, COVID shut down the USDA plant, which made it impossible for Fisher to process the animals by the USDA anyway, though the demand for meat was greater than ever. Fisher made the call to process 100 percent of his animals himself and didn't look back. That was until June when the Virginia Department of Agriculture caught wind of Fisher's operation and shut it down. The VDA seized all of Fisher's products, and he wasn't allowed to process, sell, or even eat his meat. Then they loaded it up in a truck and left it at the dump to rot.

Nobody ever got sick from eating meat from Golden Valley Farms. This was NOT about "health and safety." This was about control. The fact is that informed adults were not allowed to make a simple transaction without the government sticking its slimy fingers into Fisher's business and claiming it was somehow for "our benefit." But it's not for "our benefit." It's so they can regulate and control what we buy and what we eat, and they cannot stand it when we operate outside of their influence.

What comes next?

Where does this end? With so much of our ability to feed ourselves already eroded, is it too late? Is it going to get worse? Before long, will it be illegal to eat eggs from your chickens or pick vegetables from your garden without getting government clearance first? Fortunately, a solution is already in the works.

Kentucky Representative Thomas Massie recently told Glenn about a new constitutional amendment designed to limit government overreach regarding food production. The proposed amendment reads as follows:

And Congress shall make no law, regulating the production and distribution of food products, which do not move across state lines.

The amendment is still on the drawing board and has not been formally introduced to Congress yet. But this is where you come in. Call your representative and tell them to support Massie's amendment and take a stand for your right to provide sustenance for you and your family.

If we can build skyscrapers, we can rebuild bridges

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

I am sick and tired of hearing about our limitations. The collapse of the Francis Scott Key Bridge this week is an amazing hero story of the cops and first responders who saved an untold number of lives by doing exactly the right thing quickly. But I’m really tired of hearing about how long it’s going to take us to recover from this catastrophe and how bad it’s going to be.


The immediate impact for Americans regarding this bridge collapse seems dire. If you're waiting for a new car to come in from overseas, prepare to wait longer. The Port of Baltimore stands as the nation’s leading import-export site for cars and trucks. It’s also the leading nexus for sugar and gypsum, which is used in fertilizer, drywall, and plaster. A record 52.3 million tons of foreign cargo was transported through Baltimore just last year.

To expect more from our leaders is rational. But to expect the most from ourselves is essential.

The bustling port is now cut off after the 1.6-mile-long bridge crumbled and fell into the river early Tuesday, blocking the only shipping lane into the port.

The officials have said the timeline for rebuilding the bridge will be years. The Port of Baltimore creates more than 15,300 jobs, with another 140,000 jobs linked to the activity at the port. This is a major disaster and will continue to cause significant problems on the East Coast for U.S. importers and exporters.

The bridge collapse means it will not be possible to get to the container terminals or a range of the other port terminals in Baltimore. Maryland Secretary of Transportation Paul J. Wiedefeld told reporters on Tuesday that vessel traffic in the port would be suspended until further notice but noted the port is still open to trucks.

Michael Mezzacappa, an attorney and expert on property damage cases in the shipping industry, told the New York Post that the collapse will have a major impact on shipping and traffic routes in the East Coast for the foreseeable future. “It’s not going to get fixed any time soon,” Mezzacappa said. “It’s going to take a lot longer than anyone expects. This is going to be a major problem for the Northeast.”

Remember the American spirit

I am absolutely sick to death of all of these stories that say things like that. Have we forgotten who we are? Have we forgotten what we’ve done?

Let me remind you of the American spirit, a spirit so potent and so vibrant that it has scaled towering mountains, mountains nobody thought they could cross.

It’s the spirit that constructed marvels of engineering. Have you ever been to the Hoover Dam? Have you seen the New York City skyline? The skyscraper was invented here for a reason. Here we are on the threshold of tomorrow, and none of us knows what is going to happen. But I'm getting the impression that we’ve been so beaten down that we believe we’re not going to make it tomorrow.

Have we forgotten who our ancestors are and what they did? If you look through our history even briefly, you will see a group of people who never take no for an answer. You will see a people who can do anything.


I want to stop just briefly in 1930. The Great Depression had its icy grip on us. It was a time that felt like a flickering candle in the vast darkness just barely holding on. Yet, it was in this crucible of adversity that Americans did great things.

The Empire State Building rose. It wasn’t just a structure of steel and stone. It was a beacon, a beacon of hope and American resilience and ingenuity. The way that thing was built — no one has ever seen anything like it before and since. In a record-shattering one year and 45 days, an army of workers, as many as 3,400 men on certain days, transformed this audacious vision into a cowering reality.

If you look through our history even briefly, you will see a group of people who never take no for an answer.

The Empire State Building wasn’t constructed. It was conjured into existence with a symphony of clanging metal and roaring machines and the inexhaustible spirit of its builders. The men perched on steel girders that were being flown in by giant cranes whispered tales about how they could still feel the warmth of the freshly poured metal beneath them. That beam was still warm, even though it was poured in Pittsburgh, put on a train, then put on a boat, then on a truck, then hauled up into the air.

They could fill the warmth because we moved that fast. It was a feverish pace of construction. It seemed to defy the laws of time and physics.

For a long time, it was the tallest building in the world — an architectural achievement. It was also a declaration to the world that America was a land where the impossible became possible, that we are a people of determination, innovation, with a relentless will to succeed.

These aren't merely historical footnotes. They are blazing torches illuminating our path forward. They remind us that when we're faced with adversity, we don't just endure it. We overcome it. We don’t wait for history to chart our course. We write it with the sweat of our brow and the strength of our backs. That’s who we are. Have we forgotten that?

What are we waiting for?

We find ourselves at another crossroads faced with the challenges that threaten to dim the bright future that we all dream for our nation, for our children. The spirit that built the Empire State Building, laid down miles of railroads, cut through the Rocky Mountains, and sent astronauts to the moon is still inside of every heart of every American, somewhere.

Awaken that spirit. Scale new mountains. It's not just rock and earth. Scale the mountains of innovation. Build. Not just physical structures but a future that upholds the spirit of adventure, hard work, and ingenuity. Stop tearing everything down. Let's start building.

Why are we waiting? If this isn't a national emergency, I don't know what it is.

And I don't just mean the bridge. I mean all of it. You might say, “Well, our government has to lead.” Really? Does it? Maybe that’s our problem. America is led by its values and principles that are found in the souls of those who still remember who we are and who we serve. Americans lead the way. The government always follows.

You might say again, "Well, we can’t act without the government." Nonsense! Where are the bridge builders who will stand up today and say, “I'll get it done!” As soon as that happens, you’ll see who is leading and who is stalling. The government is the one that stalls the engine out. To expect more from our leaders is rational. But to expect the most from ourselves is essential.

There is nothing we can't achieve when we all stand together, united by our dreams, and driven by the will to see them fulfilled. Don't listen to anybody else who tells you differently.

6 things every voter needs to know heading into the 2024 election

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Election season is coming up and every vote matters. Over the last four years, our country has experienced some of the lowest lows it has seen in a long time. From horrors at the southern border to government overspending, it is clear: our country is in trouble. Everybody needs to get out and vote.

When you look at the numbers, there are some noticeable trends in who actually votes... and who doesn't. According to Pew Research, the more mature crowd (30 and up) gets out there and does their civic duty, while the younger crowd (18 to 29) just doesn't make it out to the polls. If you are a young or first-time voter, the process can seem daunting. You have to jump through some bureaucratic red tape before you can head to the polls, which can be frustrating and discouraging for someone who has never done it before.

If this describes you or someone you know, you're in luck. We compiled everything you need to know to get ready to hit the polls this election season in a convenient guide below.

Get an I.D.

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The first thing you'll need is a valid state I.D. These can take a while to acquire, so if you don't yet have one, it's time to get on it. Not all states require I.D., and every state has different requirements. You can check to see if your state requires an I.D. to vote here.

Register to vote

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Every state, except North Dakota, requires prospective voters to register, so it is important to make sure you are registered in the state and county you reside in. Every state has a different registration process. You can find your state's registration website here.

Confirm date of election day

You want to make sure you arrive at the polls at the right date and time. Most states have a set election day, and often there are even a few days or weeks of early voting that lead up to it. Check out this list of election dates to find out your election day and mark it in your calendar.

Find your polling location

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You can find polling locations on your state's voter information website, which can be found here. Keep in mind that you will likely have to find a location within the county where you reside. These locations often include public schools, public libraries, city halls, and other public buildings.

Research candidates on the ballot

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Before you vote, it is important to be educated in what you are voting for. Find out who will be on the ballot (and don't be surprised when it's not just the presidential nominees), and do a little digging. Don't assume that because a candidate has a little "R" next to their name they share your values. You can visit this website to find out who will be on the ballot in your local area.

Actually go vote

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There is nothing else to to but get out there and vote! Go out there and make your voice heard!