Glenn's must read of the day


Meltdown

By Thomas E Woods Jr

GLENN: All right. So Thomas Woods is the author of Meltdown. Is he on the phone with me?

WOODS: Sure am.

GLENN: Tom? How are you, sir?

WOODS: I saw Taken this weekend, too. I'm great.

GLENN: Do you have daughters?

WOODS: I have three daughters. The oldest is 5. Yeah, they are not leaving the house.

GLENN: Oh, my gosh. I mean, it just wouldn't let up. Now, I mean, I just don't go to a lot of movies lately. I get my thrills from reading books like yours.

WOODS: Oh, thanks.

GLENN: I just, I mean, I thought I was going to have a heart attack by the end of that darn thing.

WOODS: Yeah, it's excellent, excellent. I want William Neeson defending me.

GLENN: I'm sorry for anybody who didn't see this movie but were you a little pissed at his crappy friends? His friends come over, they have beers, "Yeah, we were in the CIA." Okay, you're on your own, you got 96 hours to find your daughter. How about a little love. Jeez.

Okay. So all right, so Tom, here's -- I thought of you this morning and this is why we called you. I thought of you this morning. After reading your book this weekend, I turn on the news and I heard three talking heads all say the same thing: We've got to do something. And I'm trying to make the case that, no, sometimes the best thing to do is nothing. And I had never heard of the Depression of 1920 until I read your book. Could you teach the Depression of 1920 to America?

WOODS: Oh, could I? I'd be thrilled to.

GLENN: Go ahead.

WOODS: Yeah, no one's ever heard of the Depression of 1920 and the reason is congress didn't try to get us out of it. It was far worse, if you actually look at employment, it was actually far worse than the Depression of 1929 that everybody has heard of. What did we have? A fiscal stimulus? To the contrary the government did everything that's fashionable economics shouldn't do and they actually cut the budget. So you actually had a negative stimulus according to them but to me that's a wonderful thing to do. You reduce the power of the parasitic sector effort rest of the economy. That's great. The Federal Reserve system inflate the money supply? They hardly did anything. They didn't know what to do. The president at the time was Warren harding, sort of an aim I can't believe guy but by the time it occurred to him to do something, the depression was over and the U.S. was back to setting production records. So I think there is a lesson here when you compare it to what did they do in the year 1929. The book you talk about by Bert Folsom, I love Bert Folsom.

GLENN: Have you read this?

WOODS: I haven't yet, no, but I'm sure it's good.

GLENN: I mean, you should read it. I mean, he's probably not going to check. You should plagiarize some of this stuff and just put it in.

WOODS: Well, I got some stuff in Meltdown about the Great Depression.

GLENN: I know you do.

WOODS: When you look at the year 1929 and thereafter, it's exactly the opposite. They say we're going to roll up our sleeves and fix this thing. Gee, what an interesting coincidence. It goes on for year after year after year. And today we're being told that Hoover is like Bush and Obama's like FDR. Look, let's make clear. I mean, Hoover was not a free market guy. He was -- that was a problem. He wouldn't let the market adjust.

GLENN: But wait. Hang on just a second because one thing I do like in your book is you said at one point, you know, the conservatives are now blaming the Community Reinvestment Act and they're blaming the Democrats, and that's not going to get us anywhere because that's just only part of it. It's only part of the story. You can't tell me that Bush -- I think Bush is very much Hoover because he did about as much, if I'm not mistaken, as Hoover did. He got in there and rolled up his sleeves and said, "We're going to take this thing on, I'm going to dismantle the system to clean the system up." You're like, what are you talking about

WOODS: No, you are right. I couldn't agree more. My point is the way the analogy's being made is the ideas that Bush and Hoover sat back and did nothing whereas the saviors, FDR and Obama are going to come rescue us whereas to the contrary if only Bush and Hoover had sat back and done nothing, we would be in far better shape. Now, I know you're right, it's hard to argue we should quote/unquote do nothing because then it seems like, well, you have nothing to recommend. So I mean, my version of doing nothing would be just start cutting everything you can possibly cut. Just cut like crazy. If the American people have to cut back, you know, why should the government be getting new ones in the name of stimulus.

GLENN: Can I tell you something? This makes me so mad, Thomas, because if you look at it, if you look at what's going on, you are exactly right. Every business in America is cutting back. Every business in America is laying people off. Everybody is reevaluating, et cetera, et cetera. The government is expanding and building new offices and building new ships and everything else and you're thinking to yourself, "Well, wait a minute. Why do the economics of my level not somehow magically work at the government level." What makes us think that it's different in the White House than it is in our house?

WOODS: Yeah, that's exactly right. And, of course, this stimulus package is mainly just, you know, a way to buy votes and stuff. It doesn't actually work. If it worked, Japan would be doing great but it's been in the dumps for 18 years because it's government created a housing bubble over there and then when it burst, it tried to fight against reality, propping up prices, and the result was, you know, they tried every stimulus you could imagine, they lowered interest rates to zero, they flooded the economy with money, they almost nationalized their banks. And what's the result? A lot more debt, the economy's still in the tank, the real estate market is where it was in 1975. So what they're going to do in America is the same thing they are going to try to fight against reality. When prices are trying to come down, they are going to try and keep them up. It's not going to work and all we'll have is a whole lot more debt on our shoulders.

GLENN: So I want to go -- we have to take a break and I want to go here to then what should we be doing today and what is the real culprit that no one will talk about. Everyone will talk about the rich, everyone will talk about corporate America being greedy, everybody will talk about Bernie Madoff, but what is the elephant in the room? More in a second.

[Break]

GLENN: We have Tom Woods on the phone. He's got a new book out called Meltdown. This explains how we got here and then explains what do we do from here, and I was just talking to Tom on the phone. You're a professor, right? Are you a professor?

WOODS: I've been a professor but now I'm a fellow at the Ludwig Von Mises Institute. I just write all the time.

GLENN: Oh, I love the Ludwig Von Mises Institute. What the hell is the Ludwig --

WOODS: The Ludwig Von Mises Institute is pretty much the oasis of sanity in the lunacy going on because we promote United States of America in economics. All those who predicted this cycle, Hayek won the Nobel Prize for it and of course we're the economists who are ignored now even though we called it. They say no one could have seen this coming. We saw it.

GLENN: I mean, you know what? This is crazy, Tom. I saw it and I don't have any -- I don't even know who Ludwig whatever is. It just takes somebody with some common sense to be able to see this. And I have to tell you, and I'm reading your book and the elephant in the room that nobody will talk about is the Fed.

WOODS: Yeah.

GLENN: And I know as soon as you start talking about the Fed, people's eyes glaze over. Beyond that, they also immediately start to think of Ron Paul who is painted as an absolute crazy man and I don't agree with Ron Paul on everything but when it comes to the economy, he's right on it.

WOODS: Exactly right. No, you are right, Glenn. I mean, talking about the Fed, most Americans probably don't even know much about it. They're led to believe that they can never figure it out. And basically now is the time we don't have that luxury. You've got to figure it out. It's not that hard. Part of the reason I wrote Meltdown is so the people could understand what the Fed is, what it does because the destructive consequences of what the Fed does are always blamed on the free market and that's not fair and it's got to stop. And so yes, we had the Community Reinvestment Act but if you hadn't had the Federal Reserve system lowering interest rates to insane levels, you would not have launched this boom in the first plays and what Hayek said, won the Nobel Prize for, and he's obviously not a nut although some nuts have won a Nobel Prize. I mean, look at Paul Krugman, we won't mention any names but he said --

GLENN: Yeah. Well, that was the one that came to mind, sure was Paul Krugman.

WOODS: Of course. The prize has been debased over the years like central currency. But if the central banks pushes money to these low levels, the result is the economy starts doing irrational things and making irrational investments that aren't going to pan out, there aren't enough resources to sustain them all.

GLENN: It's exactly what happened with the housing.

WOODS: Exactly.

GLENN: The housing, they pushed this low rate, people went, oh, my gosh, look at this. It started this ball rolling where everybody was like, oh, my gosh, look at how fast everything is increasing in value, I've got to buy, buy, buy, buy, buy, it was a bubble.

WOODS: Exactly. And therefore there's inevitably a bust. It cannot go on forever. It's like a heroin addict thinking that he can increase, just keep increasing his intake of heroin, that will solve his problems because the central bank is the same way. You know, we get on this artificial boom and what's the only solution they can think of is just more. More, more, more, whereas we know we need to go cold turkey when you are a drug addict and we have gone on this artificial credit binge for so long and so it distorts the economy. It makes people go into businesses that really they shouldn't go into. I mean, Peter Schiff is a common, frequent guest on your program. Schiff said it's like when the circus comes to town and everybody comes to see the circus and they start going to restaurants in the area. The local restaurant owner said, well, I better build an addition to accommodate all these people because they are not going to be there forever, they are going to leave when the circus leaves. That's what the Fed does. It makes businesses start up that don't really make any sense in the long run and so you've got all these sort of phony baloney zombie businesses and all these stimulus packages are intended to keep them going. We need to liquidate them and get sound businesses going in their place.

GLENN: So how do we get rid of the Fed?

WOODS: I'm happy to say Jim Rogers, that great investment guy, he actually predicts there will be no Fed in 10 years. Now, that's a --

GLENN: May I say -- now, Jim Rogers was a brilliant guy. He's a brilliant man.

WOODS: Yeah.

GLENN: He was a partner of Soros for a while and a really smart guy. But if I'm not mistaken, he also has moved to Singapore because he's not to sure we'll be around.

WOODS: Yeah, he decided in 2007 at the height to sell his house and move to where he feels the future is in Asia because I think he feels in the West we're going to see the dead hand of government, we're going to see those few profitable firms that are left are going to be saddled with the responsibility for taking care of all the losers in the economy in terms of all the businesses that should go out of business. They are going to stay artificially propped up. You know, you can't have a successful economy like that. So he saw the writing on the wall. He wants his kids to grow up in a prosperous environment and what a shame, you know. What a shame that you have to -- I mean, I just can't imagine living anywhere else. But what a shame he was put in that position. But how do we end, how do we put a stop to this, doing what you're doing and writing books and just telling the population, this is not, you know, a faded existence, that we have to have a central bank that is a lender of last resort and can bail out all the losers.

GLENN: But Tom, nobody, there is -- I mean, I can't believe it. You'll be called a kook. I'm having you on and I believe Burton is going to be on tonight with you along with Steve Forbes, and I'm going to have you guys on. We're going to talk about this stuff, and I guarantee you, oh, it's a crazy show. It's nothing but kooks getting rid of the Fed. There's nobody that will actually say these things in enough frequency to be able to get this thing to move. And now you've got the government literally in bed with these banks and they are -- I mean, we're seeing mob style tactics. How do you release the death grip? How do you get that death grip from around our neck?

WOODS: Well, partly with humor, partly with reminding people that the very same people who say we're cranks are the ones who have no idea this crisis is coming, who have absolutely no idea what to do about it, who at a time when the Fed was creating more dollars between 2000 and 2007 than had been created in the whole history of the republic, these people thought that's just perfectly normal, there will be no negative consequences to that. We've got the Fed chairman, Ben Bernanke said that by the end of 2008 the housing market should rebound. We got record foreclosures. We've got these people saying that the economy is in great shape. Alan Greenspan said you should take out adjustable rate mortgages. And he and Bernanke said there is no housing bubble. And Bernanke even said, "My regulators investigated the mortgage market in 2006 and '07 and we found that it's better than ever." Those are the cranks because they have been wrong on everything. We at least have the merit of having been right. We've called this and we've consistently been right. And the reason I wrote Meltdown was to go after people who themselves didn't see this coming and have the nerve to blame this downturn on the free market as if it's the free market's fault that rates were pushed down by the government's crummy central bank.

GLENN: Okay, let me ask you quick and then I've got to take a break. How long do you think we have before this thing really comes crashing down?

WOODS: Oh, it's -- you know, I don't know. I know that seems like a copout but the timing, you can't ever really know. Ludwig Von Mises was a great economist of the 20th century. He predicted the Great Depression in 1928 at a time when everybody else says we're going to be prosperous, the business cycle has been tamed. He said not so fast, I can't know when but I can know that if you flood the economy with all this phony money and you drive interest rates down, you are starting off a boom that's going to end in a bust, I'm telling you it's going to be a bust. And it came the next year and he was almost -- he and Hayek were almost the only ones who called it.

GLENN: Okay.

WOODS: So it's very, very hard to get the timing right but you know it.

GLENN: Tom, if you don't mind, I'm going to see if we can't arrange to have you on the radio show a couple of times this week and I'd like you to write something for our newsletter because I think you've got it down.

WOODS: It would be my pleasure.

GLENN: Yeah, so we'll arrange all of that and we'll see you tonight at 5:00 on the Fox News Channel.

WOODS: Great, look forward to it.

GLENN: Thank you, sir.

On "GlennTV," host Glenn Beck argued that the World Health Organization has been knowingly helping the Communist Party of China spread disinformation about the coronavirus.

Why?

Well, it turns out that the current WHO director-general is a politician from Ethiopia (the very first director without a medical degree) — and apparently Ethiopia owes China a lot.

"This outbreak has revealed the WHO as nothing more than a Chinese Communist front," Glenn said. "China knew early on just how dangerous the coronavirus was, how it spread, how fast it spread, and the fatality rate, but were more concerned with getting the blame than protecting lives. So, they had their front man, the World Health Organization, tell the world there was nothing to worry about."

On Jan. 14, the WHO repeated the Chinese Communist Party's claim that the coronavirus does not travel human to human.

On Feb. 3, WHO Director-general Tedros Adhanom Ghebreyesus announced there was no need for measures that "unnecessarily interfere with international travel and trade" to combat the spread of COVID-19.

On the exact same date, a spokesperson of the Ministry of Foreign Affairs of the People's Republic of China released a statement criticizing President Trump for restricting travel to China.

"[S]ome countries, the US in particular, have inappropriately overreacted, which certainly runs counter to WHO advice. The US government hasn't provided any substantive assistance to us, but it was the first to evacuate personnel from its consulate in Wuhan, the first to suggest partial withdrawal of its embassy staff, and the first to impose a travel ban on Chinese travelers. What it has done could only create and spread fear, which is a very bad example. Even American media and experts doubted the government's decision, saying that the US government's restrictions on China are precisely what the WHO rejects, that the US is turning from overconfidence to fear and overreaction, and that banning the entry of visitors who traveled to China in the past 14 days is suspected to be violating civil rights instead of reducing risks of virus spreading," spokesperson Hua Chunying said.

Hua went on to say, "As the WHO Director-General noted, China is setting a new standard for outbreak response."

Indeed, Tedros has been very consistent in his praise for China's response to the coronavirus outbreak.

"The steps China has taken to contain the outbreak at its source appear to have bought to the world time," he told the Munich Security Conference in mid-February.

Watch the video below for more details:

In response to the COVID-19 crisis, 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/.

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On Monday's radio program, Glenn discussed claims that the Obama administration depleted and never replenished the federal supply of emergency gear, including N95 respirator masks, during the H1N1 flu, or swine flu epidemic, in 2009.

Last month, Bloomberg News, and the Los Angeles Times, among others, reported that the Obama administration used, and failed to restock supplies of N95 respirator masks, and ignored recommendations that the U.S. Department of Health and Human Services should replenish the "Strategic National Stockpile." Read more on this here.

USA Today followed up with a fact-check article titled, "Fact check: Did the Obama administration deplete the federal stockpile of N95 masks?"

On Sunday, 2020 Democratic candidate Joe Biden accused President Donald Trump of "failing to prepare our nation to respond."

President Trump fired back, "You and Obama depleted America's stockpile of N95 masks after the H1N1 swine flu pandemic. You were advised to replenish the national stockpile but FAILED. STOP LYING AND EXPLAIN!"

Watch the video below for more details:

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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: 1,359,010 (up from 1,284,805 yesterday)
  • Total Confirmed Deaths Worldwide: 75,906 (up from 70,906 yesterday)
  • Total Confirmed Recovered Worldwide: 293,454 (up from 271,782 yesterday)
  • Still Just 5% of Active Cases are considered serious (requiring hospitalization) Steady from 5% yesterday, and down from the 19% high back in February
  • Note that about 11% of US Confirmed Cases require Hospitalization, roughly on par with Italy at 12% requiring hospitalization but lower than Spain, where 17% of patients require hospitalization.
  • US has 367,650 Confirmed Cases and 10,943 Deaths, up from 336,851 cases and 9,620 cases yesterday
  • The US currently has 336,897 Active Cases of COVID-19, with about 1.2% of the US Population tested
Motor City Nightmare: More Than 700 Employees in One Detroit Hospital System Test Positive https://thehill.com/homenews/state-watch/491484-more-than-700-employees-at-one-detroit-hospital-system-test-positive-for
  • Hundreds of staff at a Detroit-area hospital system have tested positive for coronavirus.
  • Dr. Adnan Munkarah of the Henry Ford Hospital Campus confirmed 731 cases of the coronavirus among employees at the hospital, accounting for 2 percent of the hospital system's 31,600 employees.
  • As many as 1,500 at another hospital in the state have reported symptoms similar to coronavirus, though those numbers are not confirmed cases.
  • "If we are to test the whole population, you are going to see large numbers of people who are testing positive...Testing positive is just a measure of how contagious this virus is." said the hospital director.
  • "Our team members are our greatest asset and their health and safety is a top priority as we continue to respond to this pandemic," Munkarah said in a separate statement Monday evening confirmed the total number of positive test results.
  • "We know we are not immune to potential exposure and we remain grateful for the courage and dedication of our entire team," he added.
  • Detroit, Michigan's largest city, has seen a surge of coronavirus cases in recent days while the state itself has seen just over 17,000 cases of the virus – the third-largest total of any state in the U.S. More than 5,000 of those cases were reported in Detroit, where hundreds have died.
The Invisible...Invisible Enemy: Can COVID-19 Hide In Cells? https://www.the-sun.com/news/645016/fears-coronavirus-hide-cells-reactivate-recovered-patients-test-positive/
  • COVID-19 may be able to remain in the body and "reactivate" later after 51 recovered patients tested positive again.
  • The patients, from the city of Daegu, South Korea, had all spent time in quarantine while recovering from the disease but were diagnosed again within days of being released.
  • The center said it did not believe the patients had been reinfected, but that the virus had remained at undetectable levels in their cells and later "reactivated".
  • The claim runs contrary to the bulk of current evidence about how the virus works.
  • Investigators said the most likely explanation was that the clearance samples for the patients were false negatives, a common issue with nasal swab tests.
  • "Still, we remain vigilant and open to the possibility that the virus can remain dormant for some time," Dr Leong Kwok, Director of Viral Epidemiology at the National Health Institute in Seoul said.
Maybe Don't Go To the Grocery Store After All https://www.foxnews.com/health/los-angeles-braces-itself-more-coronavirus-deaths-warns-residents-not-go-shopping-warns-residents-not-to-go-out-shopping
  • With coronavirus related deaths spiking in Los Angeles County and "a critical week" ahead, health officials advised residents on Monday to stay at home and avoid shopping to limit the spread of the virus.
  • "If you have enough supplies in your home, this would be the week to skip shopping altogether," said public health department Director Barbara Ferrer, according to the Los Angeles Times.
  • Officials confirmed 420 new coronavirus cases in the county and 15 deaths on Monday.
  • Over 6,360 cases and 147 deaths have been reported since the outbreak started, per data from Johns Hopkins.
Mexico's Slow Response May Cause Problems for Texas https://www.houstonchronicle.com/business/article/mexico-slow-response-coronavirus-texas-us-15181201.php
  • As recently as March 15, some 40,000 concert goers crowded into the Foro Sor venue for the popular Vive Latino music festival.
  • Tourists from Europe and the United States were able to enter the country without any restrictions until late last week.
  • Restaurants, airports, subways and grocery stores remain open in Mexico City, though churches and large markets have closed.
  • The rapid spread of the COVID-19, however, has begun to increase the urgency of the government's response. Mexican health authorities reported on March 16 that the country had 82 cases of COVID-19, the disease caused by the coronavirus. Two weeks later, the number swelled to nearly 2439, including 125 deaths.
  • Deputy Health Minister Hugo Lopez Gatell, who two weeks ago dismissed US social distancing restrictions as "an extreme tactic" and "irresponsible" is now urging citizens to "stay at home, stay at home, stay at home."
  • "If you have food at home, stay home. There is no reason good enough to go out, period," he said.
  • Mexico is just one of many nations that reacted slowly to the coronavirus pandemic, in large part because government leaders failed to understand how contagious the virus is.
  • President Lopez Obrador spent the first half of March dismissing the gravity of the virus, encouraging Mexicans to frequent restaurants and posting videos of himself in crowds, kissing babies.
  • He said Mexico's spirituality would protect the country against the virus and made a public display of pulling out two religious amulets that he said would be his shield.
  • Mexico shares over 1,200 miles of border with the United States.
Hong Kong Closed to All Foreign Travelers, Indefinitely https://www.scmp.com/news/hong-kong/health-environment/article/3078633/coronavirus-five-hong-kong-residents-flown-back
  • The city extends its ban on arrivals after most cases over past two weeks have come from overseas.
  • Only six of 24 newly infected yesterday are local transmissions, but all are linked to entertainment venues already closed.
  • All entertainment venues are closed until further notice.
  • Hong Kong recently issued a new state of emergency order revoking travel into the country from any outside nation, including China.
  • The order will prevent Hong Kong from 'opening up' it's economy through at least early May
Drug You Can't Pronounce May Be Saving Lives https://www.freep.com/story/news/local/michigan/detroit/2020/04/06/democrat-karen-whitsett-coronavirus-hydroxychloroquine-trump/2955430001/, https://abc7.com/coronavirus-drug-covid-19-malaria-hydroxychloroquine/6079864/
  • A Democratic state representative from Detroit is crediting hydroxychloroquine — and Republican President Donald Trump who touted the drug — for saving her in her battle with the coronavirus.
  • State Rep. Karen Whitsett, who learned Monday she has tested positive for COVID-19, said she started taking hydroxychloroquine on March 31, prescribed by her doctor, after both she and her husband sought treatment for a range of symptoms on March 18.
  • "It was less than two hours" before she started to feel relief, said Whitsett, who had experienced shortness of breath, swollen lymph nodes, and what felt like a sinus infection. She is still experiencing headaches, she said.
  • Elsewhere, a Los Angeles doctor said he is seeing significant success in prescribing hydroxychloroquine in combination with zinc to treat patients with severe symptoms of COVID-19.
  • The drug has been touted as a possible treatment for COVID-19 by President Trump among others, but it remains controversial as some experts believe it is unproven and may not be effective.
  • The drug has long been used for treatment of malaria and conditions such as lupus and arthritis but is not technically approved by the FDA for COVID-19. The agency, however, is encouraging trials and has provided limited emergency authorization for its use to treat COVID-19 patients.
  • Dr. Anthony Cardillo said he has seen very promising results when prescribing hydroxychloroquine in combination with zinc for the most severely-ill COVID-19 patients.
  • "Every patient I've prescribed it to has been very, very ill and within 8 to 12 hours, they were basically symptom-free," Cardillo told Eyewitness News. "So clinically I am seeing a resolution very consistently."
Belt and Road, COVID-19 Style https://spectator.us/italy-china-ppe-sold-coronavirus/
  • After COVID-19 made its way to Italy, decimating the country's significant elderly population, China told the world it would donate Personal Protective Equipment (PPE) to help Italy stop its spread.
  • Reports later indicated that China had actually sold, not donated, the PPE to Italy. A senior Trump administration official tells The Spectator that it is much worse than that: China forced Italy to buy back the PPE supply that it gave to China during the initial coronavirus outbreak.
  • "Before the virus hit Europe, Italy sent tons of PPE to China to help China protect its own population,' the administration official explained. 'China then has sent Italian PPE back to Italy — some of it, not even all of it … and charged them for it."
  • China also recently donated PPE to Sweden and Spain, with many doctors reporting that masks and respirators included in the shipment were defective or already used.
  • "Someone got very sloppy," said a senior health official in Spain. "It must have been a mistake."

"This was a sneak attack, like a thief in the night."

"A wartime President."

"A great battle, against an invisible enemy."

"We will win and declare a great victory for our country."

All of these are direct quotes from President Donald Trump, all uttered since March 1st of this year.

And of course, all of them ring decidedly true and make perfect sense. Even Trump's most ardent opponents have referred to the current situation in which America finds itself as a once in a generation emergency, and that we should be on a wartime footing. They've called for more and more power to be handed to, no, more explicitly they've called for more power to be taken by the President to do battle against "The Invisible Enemy," everything from commandeering manufacturing plants to logistics and shipping companies to pharmaceutical manufacturing and research, to nationalizing the banking sector and all mortgages.

On the other hand, the President has preferred to form a partnership with private industries to wage the war. Turning to America's great companies to produce masks, respirators, ventilators, medicine and vaccines that will ensure our country can and will prevail.

The United States – and the entire world – is engaged in a great battle, against an unseen enemy. An enemy that threatens to kill our people and destroy our nation and our way of life. It's an enemy that we have seen and fought before, as a people. We have faced this enemy throughout human history, over and over we've had to battle it. All of us are descendants of survivors of the countless previous wars that humanity has had to fight against this hidden enemy of man.

The enemy is a disease. The enemy is a virus.

The enemy is not SARS-CoV-2, Coronavirus.

No, the virus we're battling against is Slavery.

Call it what you want. Socialism. Collectivism. Communism. Statism. Despotism. A one-world government. Those are all forms of the same thing: some people's individual liberty captured for the betterment and benefit of others. All of those are forms of enslaving some men to the will and needs of others.

A virus is a biological construct. It's a biological disease caused by a virus, an unliving, unthinking sliver of organic material and takes over cells to turn them into factories that produce more viral particles to take over more cells until, ultimately, the host is killed. Doing battle against a virus requires treating both the symptoms caused by infection as well as finding a vaccine that can destroy the virus itself.

But slavery is a political and moral construct. It's a social disease caused by an immoral idea, spread by unthinking, unfeeling human beings who transmit the disease to others turning them into factories that produce more unthinking, unfeeling human beings. They take over the lives of more and more people within a society or a country until that country is destroyed. Doing battle against slavery requires treating both the symptoms caused by the infection within a society as well as finding a cure that can destroy the idea itself.

President Donald Trump is absolutely correct. This is a war.

President Donald Trump is absolutely correct. This is a war. He's also correct, we have fought this type of war before.

But this is not a war against a coronavirus. That's child's play. Terrible though it may be and despite the thousands of lives we may lose to COVID-19, it's relatively straightforward how to defeat it. Prevent the spread, find a cure. And we will. America and the world will survive this pandemic as it has survived a million others in our past. Each of us is the descendent of survivors of a thousand biological plagues.

The President rightly stated, we cannot let the cure for COVID-19 be worse than the disease itself. And he has the right idea in terms of the outcome here: we can't let our response to coronavirus destroy the American economy.

But saving the American economy isn't really the objective. A healthy, productive American economy that enables people to generate wealth and accumulate things is a consequence, an outcome, it's not a cause in itself. What has enabled the American economy to be the most robust and powerful engine for human ingenuity, productivity and wealth generation in world history is individual liberty? Men free to think and build, to seek new achievements and to be rewarded for doing so, to collaborate with each other, to challenge and compete with each other, driving each other to be smarter, to work harder, to find the better way to solve problems.

That is America. That is the battle we're in, what we're fighting to save. Beating COVID-19 is easy, it's only a matter of time. This particular virus may be new to us, but we know the formula for its defeat, much like the long-march to destroy the NAZI war machine in World War II, the writing was on the wall long before Berlin fell. Germany's defeat was inevitable once America entered the war. So too, the defeat of SARS-CoV-2 is already a foregone conclusion, the application of human ingenuity and thousands of years of human inventiveness and knowledge ensures our ultimate victory over this latest scourge.

But that is not the great threat. If the cure for COVID-19 is the slavery of some men for the benefit and betterment of others, then perhaps it would be better for COVID-19 to take us all. If the cost of defeating the biological virus is that we succumb to the political and moral disease of collectivism, then Trump's fear will have been proved right and the cure will have been worse than the disease.

Look at what's being proposed here. In the US, the government should take over every major industry, from healthcare and pharmaceutical companies to grocery and food delivery to airlines to shipping and transportation. Construction, take it over! Banking system, take it over! Stock market, take it over!

And on the global stage, the United Nations is now calling for a permanent 10% global tax on the GDP of every country.

And on the global stage, the United Nations is now calling for a permanent 10% global tax on the GDP of every country.
Ostensibly designed to fight COVID-19, but made permanent to enable the UN to fight future pandemics, as well as the ongoing pandemic of Climate Change…oh, and Poverty and Income Inequality, and sexism and nationalism and a thousand other isms they believe are unfair.

The United States is less than 5% of the World's population, but we represent over 25% of the world's GDP. So, the UN is effectively proposing that about 4% of the population transfer 10% of our wealth each year to support the remaining 96% of the human race, including supporting countries who are our enemies and who seek our very destruction.

What is proposed here is nothing short of the permanent enslavement of the United States for the betterment and benefit of every other national on earth.

There is no doubt the human race will survive COVID-19. Human beings have survived a thousand similar pandemics with barely more than a blip in our progress as a species.

But the plague of collectivism, the idea that some men should be slaves to others, that some people have some sort of right to lay claim to the intellect and productive energy of others, that is the real battle. That is the true invisible enemy that we must yet again defeat.

Ask yourself, would you have some right to charge into Mike Lindell's My Pillow bedding factory and point a gun at him and his workers to force them to produce cotton face masks to avoid being shot? No, of course the idea sounds preposterous and all rational thinking human beings would clearly see that as an immoral, criminal act. And yet many people are proposing that we do exactly that, just the gunman wears a blue UN Helmet or carries a US Marshall's badge.

Alternatively, does Mike Lindell have the right to choose to convert his factory over to making cotton face masks, at his own expense and to pay his workers to make those masks instead of making pillows? Yes, that is moral, that is a human being engaged in activity that he believes to be virtuous and right and, yes, for the love of all that is holy — profitable.

Just as with COVID-19, the defeat of all forms of slavery should be an inevitability. And yet from every corner of our country, the call is for the forced enslavement of some people for the benefit of others.

President Trump has this right. We cannot let the cure for COVID-19 come at the cost of our economy. And if that is the objective, then it is our original principles: individual liberty, freedom of movement and speech, that is what must be defended. That is how we protect and restore our economy and our country. That is how we ensure that our children's children will also be descendants of survivors of plagues and pandemics, whether they are the biological - or the moral kind.

UPDATE: Here's how the discussion went on radio. Watch the video below.


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