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GLENN: We're starting the show here just kind of, kind of circling this hyperinflation thing because the Fed released yesterday that they are bailing out first we are sending another, what, $900 billion, almost another trillion dollars now to the IMF to bail out Europe. What the hell are our tax dollars going over to Europe for? Why are we bailing Europe out? Mutually assured economic destruction. I told you this was happening and it is. Mutually assured economic destruction. They will say if we don't bail out Europe, well, if Europe goes down, we go down. Good. This is not going to work. What are we doing? Americans need to understand what you already do, but they need to understand that this whole, this whole thing is nonsense and it is pushing us into a global structure. That's what's happening over in Germany now. They're already Germany is the one that is going to be the industrial engine of Europe, and everybody is pushing all of their loans basically into Germany. And we're going to bail everybody out? It's not possible. And even Bernie Sanders, Bernie isn't Bernie Sanders a communist?
PAT: He's socialist.
STU: Admitted socialist, yes.
GLENN: Okay, he's a socialist. Even Bernie Sanders said, quote, the American people are finally learning of the incredible and jaw dropping details of the Fed's multitrillion dollar bailout of Wall Street and corporate America and now Europe. He's disgusted by this. $3.3 trillion now has been revealed from the Fed and we do you trust that we know? On one hand the president is always saying that we are we can't trust the banks? Well, who's the Fed? Banks.
We're going to go through some of this tonight in the movie theatres. We're live here in Pittsburgh, tonight live at the Benedum Theater. It's a soldout performance. And then you can watch it in movie theatres tonight. And it's kind of a town hall meeting on what are we going to do? And I think this I think these things are all starting to come together. You know, when I talk about hyperinflation a year ago, everyone, everyone said, not going to happen, not going to happen, not going to happen. What is the percentage of Americans that now think that real inflation is coming down the pipe? What do you suppose that is?
STU: You mean real inflation or hyperinflation? What's
GLENN: Real inflation. There's a difference between real inflation
STU: Like Jimmy Carter esque inflation?
STU: Like 18%?
STU: Something like that?
GLENN: Which would be a dream come true if we only had 18%.
STU: I don't know if it's a dream come true.
GLENN: Only 18% inflation?
PAT: That would be good.
STU: It's the worst we've had in how long?
PAT: It's better than a quintillion percent.
GLENN: May I make a prediction. In the next two years the Fed, if you can even verify this, the Fed will print between $3 and $7 trillion.
STU: I don't know how you'd verify that, I mean, unless they pass the audit
GLENN: You'll verify it at the grocery store.
GLENN: You'll verify it at the grocery store. They will issue another $3 to $7 trillion. You watch. You watch.
So anyway, what was the number that we were looking for? This is the world record on hyperinflation.
STU: Yeah, that didn't last particularly long but if it were to have lasted for an entire year in Hungary at the absolute peak, prices would double about every 15 hours. So over the course of the year that $3 gallon of gas would double 584 times, which doesn't sound like a lot until you start seeing how big those numbers get. It's big enough that my Excel sheet wouldn't fit on my screen. I had to change the zoom so I could actually see the entire number on the screen at the same time.
STU: So the basically what it is is 95 followed by
GLENN: Wait, wait, wait. For a
PAT: This is for a gallon of gas.
GLENN: This would be for a gallon of gas?
STU: Yeah, for a gallon of gas.
GLENN: A $3 gallon of gas at the end of the year, you would be charged for a gallon of gas how much?
STU: 95 followed by 173 zeroes. Now, you might recognize that as almost a sexagintillion. It's not quite that I mean, but it's a
GLENN: A sexagintillion?
STU: A sexagintillion. And that number might not be familiar to people.
GLENN: Do you know what it is?
STU: To keep it simple, it's a thousand trigintillion.
STU: Yeah, a thousand trigintillion.
STU: A thousand trigintillion, of course, is a sexagintillion, which everyone knows.
GLENN: May I, may I just point out, sexagintillion, that means your money is so bad, it just means go home and have sex. That's what it is. Gas is so high, you need to go and have sex.
STU: That's when sex becomes the currency.
GLENN: Oh, I think that sex becomes currency before you hit that number.