CORONAVIRUS UPDATE: April 10th

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: 1,615,092 (up from 1,529,961 yesterday)
  • Total Confirmed Deaths Worldwide: 96,791 (up from 89,426 yesterday)
  • Total Confirmed Recovered Worldwide: 362,542 (up from 337,164 yesterday)
  • US has 468,895 Confirmed Cases and 16,697 Deaths, up from 435,160 cases and 14,797 deaths yesterday
  • That is two days in a row with nearly 2000 deaths in the US from COVID-19
  • Measured on a weekly basis for the last 7 days, COVID-19 is currently the leading cause of death in the US
  • US Now Accounts for 30% of all confirmed/diagnosed cases globally
Cue The Fat Lady? US Federal Reserve Buys Everything https://finance.yahoo.com/news/fed-seizing-control-entire-u-144633849.html
  • The US Federal Reserve is purchasing approximately $625 Billion per week in US Treasury Bonds, US Municipal Bonds and Corporate Bonds.
  • That that rate of spend, The Federal Reserve will own all outstanding US Public Debt - Federal and Local - by September 2020 and all Private/Corporate US Bond Debt by December.
  • The Federal Reserve is already the largest single holder of US Government Bonds...Of $20 Trillion in outstanding US Debt, the Federal Reserve owns approximately $5.7 Trillion, and it is adding $1 Trillion in new US Bond purchases every two weeks.
  • This comes as the Bank of England skips the Bond Market entirely and is simply printing new currency to fund UK expenditures directly https://www.ft.com/content/664c575b-0f54-44e5-ab78-2fd30ef213cb, https://www.bbc.com/news/business-52226482 This is also known as Modern Monetary Theory.
  • As of this week's Fed Open Market Committee meeting, The Fed is also willing to purchase so-called Junk Bonds from US Companies in distress.
  • The Fed also issued a new fund to buy US Mortgage Assets from Banks, pledging $200 Billion per month to US Banks plus Fannie Mae and Freddie Mac to buy distressed mortgages that may become insolvent due to COVID-19 mortgage delinquencies or defaults.
  • At this point, the only major asset in US Equity Markets the Fed is not directly buying are US Stocks https://finance.yahoo.com/news/feds-cure-risks-being-worse-110052807.html
  • Ultimately, it is the US Taxpayer who is responsible for all of this debt, NOT the Fed.
  • The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each Fed Fund and be in a "first loss" position, making US Taxpayers responsible should any of the investments or underlying funds fail...
  • As such, the US Treasury, not the Fed, is really buying all these securities and backstopping of loans; the Fed is acting as banker and providing financing.
US Has Lost 10% Of Workforce In Last 3 Weeks https://www.cnbc.com/2020/04/09/weekly-jobless-claims-report.html
  • Nearly 17 Million Americans have sought unemployment insurance since March 16th, over 10% of the entire US Workforce.
  • If you include the estimated newly out of work Americans who have yet to seek Unemployment Insurance, the US has lost 15% of its workforce.
  • Analysts expect another wave of newly unemployed in April as well, as most states continue to experience Economic shutdowns due to COVID-19-related travel restrictions and limits on social activity.
  • Per McKinsey & Company, the US GDP is losing over $1 Trillion per month to COVID-19. US GDP was $22 Trillion last year.
Bread LInes Across the US - Food Banks Rationing Supplies https://www.nbcnews.com/news/us-news/covid-19-crisis-heaps-pressure-nation-s-food-banks-n1178731
  • In eerie echoes of The Great Depression, food lines stretch for miles as hungry Americans line up for boxes of food supplies.
  • "Six weeks ago, I had a job making $55,000 a year and could buy my own food. Now I am just trying to make sure my kids eat this weekend," said David Kramer, standing in line for a food bank in San Diego.
  • At Feeding San Diego's emergency drive-thru distribution Saturday, vehicles lined up 14 deep in the SDCCU Stadium parking lot for boxes filled with produce and nonperishable food. About 1,200 vehicles were served until the food bank ran out - in just under an hour.
  • "We're seeing as much as a 40 percent to 50 percent increase in demand at individual distribution locations," CEO Vince Hall said. "Many of the people that we're seeing have never before sought food assistance. Many of them aren't even sure what the process is. We get lots of very fundamental questions: 'Do I qualify? Is there somebody more deserving than me?'"
  • In some markets, such as Baton Rouge, Louisianna and Omaha Nebraska, Food Banks that saw 100 people show up a day in February are seeing 900 people per day now. "We're at zero, zero food left," said Pastor Byron Hicks in Omaha. "It's Easter weekend, there's nothing left to hand out."
  • Nationwide, demand for Food Assistance is up nearly 200% compared to this time last year. https://www.nytimes.com/2020/04/08/business/economy/coronavirus-food-banks.html
Now the WHO Defends North Korea: "The Numbers Are The Numbers" https://www.breitbart.com/national-security/2020/04/09/world-health-organization-defends-north-koreas-claim-of-zero-coronavirus-cases/
  • WHO says numbers out of North Korea must be believed.
  • "We trust all Governments to deliver valid data to our organization, and have no valid reason to doubt any numbers delivered at this time,' said a WHO spokesperson.
  • North Korea claims that it has zero cases of COVID-19, despite the fact that reports have leaked of hundreds of corpses being loaded into trucks wrapped in white sheets from Hospitals in Pyongyang, North Korea's capital.
  • Meanwhile, Reuters noted that U.N. human rights experts want the international sanctions against North Korea's nuclear weapons program lifted "to ensure that food supplies reach hungry populations during the pandemic."
  • It is unclear why the experts would think this necessary since WHO officially believes North Korea's insistence that there is no pandemic impact in N Korea.
All Chinese-made COVID-19 Tests Fail In The UK https://www.nationalreview.com/news/u-k-purchased-millions-of-unreliable-coronavirus-tests-from-china/
  • The United Kingdom on Monday revealed that all 17.5 million Coronavirus antibody test kits the country ordered from China are unreliable when used outside "severely ill" populations.
  • "The test developed in China was validated against patients who were severely ill," Professor John Bell, coordinator of coronavirus testing for Public Health England, told reporters.
  • "Whereas we want to use the test in the context of a wider range of levels of infection….So for our purposes, we need a test that performs better than these can."
  • Bell added, "We see many false negatives… and we also see false positives. This is not a good result or test suppliers or for us."
  • Nasal Swab tests developed in China and sold to Western Governments reportedly have false-negative rates as high as 40%. "It's basically like flipping a coin," one researcher said.
Models Now Spare 140,000 American Lives https://www.breitbart.com/politics/2020/04/09/dr-anthony-fauci-weve-had-a-bad-week-of-deaths-good-week-of-data/
  • Just two weeks after terrifying America with predictions of 200,000 or more dead, Dr Anthony Fauci said new data shows that only 60,000 Americans will die...maybe.
  • He noted that early predictive models of 100,000 – 240,000 deaths were already down to about 60,000.
  • "That's a sign when you take the data you have and you reinsert it into the model, the model modifies," he said. "Data is real. The model is hypothesis."
  • Fauci acknowledged the number of deaths continued to go up, but that other numbers, such as new hospitalizations and patient admittance into the ICU, were down.
  • "It is in the sense of deaths a bad week," he said, acknowledging new record death rates in a single day. "At the same time, as we're seeing an increase in deaths, we're seeing a rather dramatic decrease in hospitalizations."
  • But Fauci said that the social distancing guidelines should remain in place through April.
  • "That means that what we are doing is working, and therefore it means we need to continue to do it," he said. "Lower numbers mean this is working," he said.

Terry Trobiani owns Gianelli's Drive Thru in Prairie Grove, Illinois, where he put up a row of American flags for the Fourth of July. But the city claimed he was displaying two of them improperly and issued him a $100 ticket for each flag.

Terry joined Glenn Beck on the radio program Tuesday to explain what he believes really happened. He told Glenn that, according to city ordinance, the American flag is considered "ornamental" and should therefore have been permitted on a federal holiday. But the city has now classified the flag as a "sign."

"Apparently, the village of Prairie Grove has classified the American flag as a sign and they've taken away the symbol of the American flag," Terry said. "So, as a sign, it falls under their temporary sign ordinance, which prohibits any flying, or any positioning of signs on your property — and now this includes the American flag. [...] The only way I could fly the American flag on my property is if I put it on a permanent 20 to 30-foot flagpole, which they have to permit."

Terry went on to explain how the city is now demanding an apology for his actions, and all after more than a year of small-business crushing COVID restrictions and government mandates.

"COVID was tough," Terry stated. "You know, we're in the restaurant business. COVID was tough on us. We succeeded. We made it through. We cut a lot of things, but we never cut an employee. We paid all our employees. I didn't take a paycheck for a year just to keep our employees on, because it was that important to me to keep things going. And, you know, you fight for a year, and you beat a pandemic, and then you have this little municipality with five trustees and a president, who just have no respect for small businesses. And right now, what I see is they have no respect for the republic and the United States ... I think it's terrible. The direction that government, at all levels, have taken us to this point, it's despicable."

Watch the video below to catch more of the conversation:


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.

The Biden administration is now doing everything it can to censor what it has decided is COVID-19 "misinformation." But Glenn Beck isn't confident that the silencing of voices will stop there.

Yeonmi Park grew up in North Korea, where there is no freedom of speech, and she joined Glenn to warn that America must not let this freedom go.

"Whenever authoritarianism rises, the first thing they go after is freedom of speech," she said.

Watch the video clip below from "The Glenn Beck Podcast" or find the full episode with Yeonmi Park here:

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.

Most self-proclaimed Marxists know very little about Marxism. Some of them have all the buzzwords memorized. They talk about the exploits of labor. They talk about the slavery of capitalist society and the alienation caused by capital. They talk about the evils of power and domination.

But they don't actually believe what they say. Or else they wouldn't be such violent hypocrites. And we're not being dramatic when we say "violent."

For them, Marxism is a political tool that they use to degrade and annoy their political enemies.

They don't actually care about the working class.

Another important thing to remember about Marxists is that they talk about how they want to defend the working class, but they don't actually understand the working class. They definitely don't realize that the working class is composed mostly of so many of the people they hate. Because, here's the thing, they don't actually care about the working class. Or the middle class. They wouldn't have the slightest clue how to actually work, not the way we do. For them, work involves ranting about how work and labor are evil.

Ironically, if their communist utopia actually arrived, they would be the first ones against the wall. Because they have nothing to offer except dissent. They have no practical use and no real connection to reality.

Again ironically, they are the ultimate proof of the success of capitalism. The fact that they can freely call for its demise, in tweets that they send from their capitalistic iPhones, is proof that capitalism affords them tremendous luxuries.

Their specialty is complaining. They are fanatics of a religion that is endlessly cynical.

They sneer at Christianity for promising Heaven in exchange for good deeds on earth — which is a terrible description of Christianity, but it's what they actually believe — and at the same time they criticize Christianity for promising a utopia, they give their unconditional devotion to a religion that promises a utopia.

They are fanatics of a religion that is endlessly cynical.

They think capitalism has turned us into machines. Which is a bad interpretation of Marx's concept of the General Intellect, the idea that humans are the ones who create machines, so humans, not God, are the creators.

They think that the only way to achieve the perfect society is by radically changing and even destroying the current society. It's what they mean when they say things about the "status quo" and "hegemony" and the "established order." They believe that the system is broken and the way to fix it is to destroy, destroy, destroy.

Critical race theory actually takes it a step farther. It tells us that the racist system can never be changed. That racism is the original sin that white people can never overcome. Of course, critical race theorists suggest "alternative institutions," but these "alternative institutions" are basically the same as the ones we have now, only less effective and actually racist.

Marx's violent revolution never happened. Or at least it never succeeded. Marx's followers have had to take a different approach. And now, we are living through the Revolution of Constant Whining.

This post is part of a series on critical race theory. Read the full series here.

Americans are losing faith in our justice system and the idea that legal consequences are applied equally — even to powerful elites in office.

Rep. Devin Nunes (R-CA) joined Glenn Beck on the radio program to detail what he believes will come next with the Durham investigation, which hopefully will provide answers to the Obama FBI's alleged attempts to sabotage former President Donald Trump and his campaign years ago.

Rep. Nunes and Glenn assert that we know Trump did NOT collude with Russia, and that several members of the FBI possibly committed huge abuses of power. So, when will we see justice?

Watch the video clip below:


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.