RADIO

Why This State SUED China Over COVID and Threatened to Seize Assets

Missouri Attorney General Andrew Bailey is suing China for $25 billion in damages connected to its role in the COVID-19 pandmeic and withholding PPE. Missouri cites new evidence from the CIA that says the Wuhan lab leak theory is the most likely cause of the pandemic. So, will China finally pay? AG Bailey explains that if he wins and China, which has not been cooperative, refuses to pay, he has a backup plan: seize Chinese-owned assets in America, including farmland.

Transcript

Below is a rush transcript that may contain errors

GLENN: I want to tell you about our new secretary of state, Marco Rubio real quick here. You know, he had a travel ban on China. He could not go to China. He said something, I don't know. In 2022, that the Chinese didn't like.

And they were like, you're not coming to visit us!

Well, now he's Secretary of State. So he called his co -- or, his counter person over in China. The foreign minister of China. And they were talking.

And in roughly translated, the Chinese said to Rubio. We know you'll behave.

Well, if you actually know Chinese, apparently, that takes on completely different connotation. It means, it's not something you would say, unless the person you're talking to is an underling. And it's basically, I know you're going to do what I say.

And Rubio said, no.

I'm going to do what's right for my country. In fact, I'm scheduling a visit to China right now.

He's got a travel ban. And he's going.

This administration is putting the world on notice. And I think it's going to be wildly effective, if they can continue to -- walk the way they're walking. And just set the table back to common sense.

And what's right for both of us.

I don't want anything bad to happen to China. But you're not going to treat us as an underling.

And, you know, if we don't get that prowess back that we're at least an equal partner at the table. We will got screwed all the time, as we have been.

Now, one of the things that I'm really glad to see that's been taken care of. The CIA apparently released a memo that came out a couple years ago, saying that the Wuhan lab was probably the most likely leak, of COVID. Well, that's not what they said, under the Biden administration.

Why all of a sudden, are we getting this, now that Biden is gone?

Why is the CIA now saying, yeah. It's probably Wuhan labs?

And somebody is actually doing something about this, Andrew Bailey. He's the Missouri attorney general. Missouri thinks they might have found a we to hold China accountable for COVID.

Andrew, welcome.

ANDREW: Hey, thank you for having me on.

GLENN: You bet. So what is -- what is your idea here?

ANDREW: We filed a lawsuit against China.

And the Chinese communist government asking for 25 billion, with a B, dollars in restitution and remediation for the damage they caused the Missourians by unleashing the COVID pandemic on the United States of America. And then hoarding and withholding, the PPP needed for the state to respond to the crisis.

It's called the Federal Sovereign Immunities Act. That's the basis for our lawsuit.

We're in trial today in the United States District Court, for the Eastern District of Missouri.
And I anticipate, we are going to win.

GLENN: This is -- I mean, this is phenomenal! What makes you think that you can win this?

ANDREW: Well, it helps when the other side doesn't show up.

That's how little the Chinese communist government thinks about these United States of America. That they won't even participate in a judicial process.

And, look, this isn't some crackpot theory that I can talk about on my own. The people's elected representatives in Congress enacted a statute that specifically allows states to sue for governments.

And that's the statute we've utilized. And China has not participated. As they've been granted due process of law, under the -- the judicial process. And served with notice.

They had the opportunity to be heard in court.

Had declined to do so.

Have not shown up.

I anticipate, we will get a judgment.

And we will begin executing that judgment, at the appropriate time.

GLENN: So you know that China is not going to -- they will do everything they can. To not pay it. You know, even if they're deemed guilty, they will say, well, we didn't show up. Kind of like us with the hay.

So what actually will happen with this?

ANDREW: Well, if we have a valid judgment issued by a United States district court, we can execute that government, by seizing assets that the Chinese government owns, not only the state of Missouri, but using any willing partner in any state, in the United States of America. And so we're identifying assets.

And we will continue to do so. And it's a lot of concern to Missouri, because agriculture is such a big part of our economy here in the Midwest and in the state of Missouri. And so, does China own farmland in Missouri?

You know, what other assets do they have in this state or in other states, that we can seize to execute on that 25 billion-dollar judgment.

GLENN: Holy cow.

Okay. This is fantastic.

I'm just thinking of the ramifications of seizing assets of China. Have you -- have you had any conversations with anyone in the Trump administration, on how this might play out?

ANDREW: Certainly. We stay in constant contact with the Trump administration. I know President Trump's incoming Department of Justice is monitoring this case. And familiar with it. We will remain in contact with them. Certainly, it's the prerogative of the United States. The president of the United States to execute foreign policy on behalf of this country.

This is different. This is, again, the people's elected representatives in Congress, created a judicial process for states to seek redress against foreign governments that harm those states.

But you're absolutely right.

This has to be part and parcel, and in symbiosis and in coordination with the executive branch of the federal government.

We will remain in contact with the president.

GLENN: All right. So what is your case? How are you making this case? That they intentionally released it here in America?

ANDREW: Well, it's corroborated not only with the evidence that we've found, and that we've adduced in court. But it's corroborated by the recent CIA memo that President Trump released just within the last few days.

Look, this is something that we have been talking about for a while. We knew that this wasn't some accidental transmission from an animal in a wet market to a human. That this was part of a -- the design, you know, virology study, at the Wuhan lab. It was too coincidentally, right? To be an accident.

And then China lied about it. And then China hoarded the -- isn't that how communist governments work? They create a problem.

And then withhold the means of solving that problem. So you are dependent on that government. And that's it basis of our gains.

GLENN: So what do you say to those who say, that's great.

But you're only holding half of the Frankenstein doctor, responsible?

You have Fauci.

You have EcoHealth.

You have all of these other people that were knowingly sending money.

And everything else, over to Wuhan.

How are those people held to account?

Or are they?

WILLIAM: No, I think you're absolutely right.

I think this is just one piece of an ongoing strategy to find justice for victims of COVID. And it's the American people who were lied to. Who were deceived, who were sold a bill of goods. Not only as to the lab leak. But also to the potential remedies. You know, the health risks associated with the pandemic. The lockdowns. The masking, the deprivation of our liberties. I mean, America suffered a traumatic injury, as a result of the pandemic. And we're still looking for justice.

This is just one avenue to obtain that justice. But certainly, this isn't the work that my office will do, and that the American people, certainly the people of Missouri will demand.

GLENN: So they are saying that maybe the Biden pardons of his own family, may not stand up in court. I don't understand the argument. I haven't really looked at it. I don't know if it's valid.

But can the same at all be true for Fauci?

Can we hold these people responsible even if they were pardoned before any fact came out, that showed them doing things wrong or any charges?

ANDREW: Yeah, Glenn, you're absolutely right.

Number one, we're still assessing the legal validity of President Biden's corrupt pardons.

But at the end of the day, regardless of what the federal government does, the federal government can't pardon individuals or offenses under the state law.

So they can still be charged at the state level. And certainly, you know, all options are on the table here in the state of Missouri.

GLENN: That's fantastic.

When do you expect this to be over? You only have one side to present? So when do you suppose this is over?

WILLIAM: Well, the trial should wrap up today, and then I anticipate the district court judge should issue a judgment in the coming days. It shouldn't take long.

Again, a lot of these issues have been litigated in the earlier proceedings in court, when the court dismissed our case, and we had to appeal.

So much of the writing is on the wall. Really, at this point, it's just establishing the images.

And so it shouldn't take long. And we'll be off to the races.

GLENN: Wow! And then the next step is?

WILLIAM: Again, the next step, once we obtain that judgment is identifying assets and working through the legal process to seize those assets, to make good on that judgment, that we will have obtained against the people's Republic of China.

GLENN: Any speculation on how China will react to that?

ANDREW: Well, I'm sure it will be a negative response.

But here's the problem: They had their opportunity. They had their day in court. They didn't show up. They didn't participate. Didn't communicate. Didn't put on any evidence. Didn't enter an appearance. Again, they have to know, that they're subject to the laws of the United States of America. And again, there's this federal statute on the books. That gives states a right imagine against foreign governments. So it should come as no surprise to them.

But they've done nothing to defend themselves.

So at the end of the day. It's a tacit administration Domitian of guilt.

When they refuse to even acknowledge or respond to the allegations in the petition of the lawsuit.

GLENN: Andrew, thank you. Appreciate your bravery. And your stick-to-itiveness, if you will. Andrew Bailey, the AG of the great state of Missouri.

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The ONLY Trump/Epstein Files Theories That Make Sense | Glenn TV | Ep 445

Is the case closed on Jeffrey Epstein and Russiagate? Maybe not. Glenn Beck pulls the thread on the story and its far-reaching implications that could expose a web of scandals and lead to a complete implosion of trust. Glenn lays out five theories that could explain Trump’s frustration over the Epstein files and why Glenn may never talk about the Epstein case again. Plus, Glenn connects the dots between the Russiagate hoax, the Hunter Biden laptop cover-up, and the Steele dossier related to the FBI’s new “grand conspiracy” probe. It all leads to one James Bond-like villain: former CIA Director John Brennan. Then, Bryan Dean Wright, former CIA operations officer, tells Glenn why he believes his former boss Brennan belongs in prison and what must happen to prevent a full-blown trust implosion in American institutions.

RADIO

Rumors explained: Is Fed Chair Jerome Powell OUT?!

After rumors spread that President Trump would soon fire Federal Reserve Chair Jerome Powell, Trump has said that he's "not planning" on it right now. But is it possible for Trump to fire him? Will he resign? And how is the Fed Chair even chosen in the first place? Glenn and his head researcher Jason Buttrill explain ...

Transcript

Below is a rush transcript that may contain errors

GLENN: Well, last night, I was rapidly looking the lie some of these rumors, on X.

Pretty incredible people on what's going on with Jerome Powell and the fed.

What the heck?

I was actually popping popcorn and watching this. It was so crazy.

GLENN: So it's just the rumors, that he is going to be stepping down?

JASON: Well, yeah.

Yeah. Anna Paulina Luna. Congresswoman. She was saying, it was almost imminent, that he was about to be fired. Actually fired.

There were other rumors saying, well, we're not sure about fired.

But he's considering resigning.

GLENN: Yeah. You know why.

JASON: We were like, what the heck is going on?

GLENN: So do you know why?

Do you know why he's resigning? Any guesses? I mean, you had popcorn out. I would love to hear what you have come up with.

JASON: So there was the CPI stuff coming out. The interest rates going up.

We know that the President wants interest rates to come down. I'm assuming that is what the deal is, and there's some sort of internal battle going on.

GLENN: Well, and the president can't fire the Fed chief. Okay?

So the Fed chief is the one that nominated. The federal reserve is the biggest crock of bullcrap I've ever seen in my life.

It's nothing, but the five biggest banks. Okay? And you know which ones they are. They're the ones that keep getting bigger. And everybody else is falling to the wayside.

So the Federal Reserve is the arm of those five banks.

Okay?

And they suggest, who the president can select from.

So the president can't say, I don't want any of these guys. I want this guy. Can't do it.

He has to take a look at the list that all the banks have put together. Is. Say, pick from this list, Mr. President.

Did you know that?

JASON: It's kind of how Iran chooses their next president.

GLENN: It's exactly. It's exactly that way. Except, this religion is all about the almighty dollar.

Okay. So he can't -- he can't pick on his own. But the president has a right to pick one, you know, every term. If it comes up in his term.

The president wants this guy out. And I think he's been really, really bad.

Because he's been wrong on almost -- on almost everything. But show me the -- show me the Fed, you know, the guy who the Fed was right ever.

So he can't fire him. But he wants him out. Because he wants interest rates dropped.

And, you know, the jobs are coming back. Things are coming back.

But interest rates keep coming up.

And the -- and the interest rates, if we keep our interest rates high, we have a harder time borrowing money for our debt.

And it just gets more and more expensive for everybody all along. So the president wants him to back off interest rates. But the Fed chief believes that that could cause more inflation.

Which I think he's right on that one. And I hate to say he was right on anything.

Because I don't think he was ever right.

Makes me question myself. When he's like, well, I think he might have a point on that one. But the president is like, no. He can handle it.

I want them down. I want cheap money again.

He refuses. So what has the president done?

The president can only fire him, with cause!

So what do you do when you can only fire somebody with cause, and you want them out.

You find a cause, and this one is easy.

So the Fed has been the one leading the way saying, we can't keep borrowing money.

We've got to have some fiscal sanity. Right?

This is going to kill us. We have to keep these interest rates high, because you are borrowing too much money. And maybe this is the only way to stop you.

So we got to keep it high, because you've borrowed too much money. And how many times has he testified in front of Congress? We've got to cut. We've got to cut. You can't keep spending like this.

Okay? Well, did you know that the Federal Reserve, with our tax dollars, the five biggest banks, a/k/a the Federal Reserve, is redoing their offices. To the tune of two billion dollars!

Now, I don't know what kind of wallpaper they need there.

But that seems like a pretty hefty renovation, especially when everybody is looking at cutting things. And you're lecturing me about spending money. So they get money from the government, okay? They're telling us, stop spending.
Stop borrowing.

Except, okay. What you've borrowed. I need $2 billion of that, to redo our offices in Washington, DC.

Excuse me?

Why don't you do that yourself. Okay. I think banks maybe have some money.

So they're borrowing that money, and there's $700 million over.

So it's $2 billion. $700 million over budget. And they're still not finished.

And the problem is: They're putting in water features.

They have a rooftop garden they're building.

JASON: Okay.

GLENN: I mean, it is -- it's insane. The president now knows, really? You want to play this game with me. I will sit your ass down in front of Congress, and you answer to the American people, how you're lecturing us about spending. And you're putting in a rooftop garden and a water feature in your office. No! No.

So the president is now threatening, I'll fire you for this. You want to quit, now would be the time to quit.

Otherwise, I'm dragging your butt in front of Congress.

You answer to the American people for this. And they will beg me to fire you.

That's what's happening.

JASON: I looked at that a lot.

Because I was like. There's got to be some leverage that the president had, because they can't get rid of.

But that is a pretty big cut. That sounds like a Babylon Bee article. $2 billion.

GLENN: It does. It does. $2 billion, 700 million over budget.

JASON: Oh, my gosh.

GLENN: I mean, and these are the responsible bankers. No, I don't think so.

It just shows, they don't mean what they say. They'll just keep doing it for themselves. You know, if you really believed that America was really on that financial cliff, why would you do that?

You would lead the way and say, guys, we are going to be the only responsible ones here.

We will lead by example.

No renovation. You know what, go to IKEA?

You need a new desk. Go to IKEA, and get a new desk. Well, we have to keep up our image. We're not going to have a country.

So what do you say, we go to IKEA?

Our image should be, we are going to lead the way out of this madness!

That's what a leader would do.

JASON: So, Glenn, I still don't think I get this disconnect between Trump and Powell on -- we know Trump wants to lower interest rates.

Powell is standing back and saying, basically, he doesn't want to do it.

Is he trying to undermine President Trump on this?

GLENN: President Trump thinks so. President Trump thinks so.

I think so, to some degree.

I mean, I'm worried about inflation.

Look, you know what happened. Do you know what's happening with yap?

JASON: What's happening with Japan?

GLENN: So what's happening with Japan, is Japan has always had this really amazing image of, we're solid. We're absolutely solid.

This is target to crack. The foundation.

1989.

Let me go back to 1989.

This was the crown jury trial of the global economy.

Back in 1989, you probably aren't old enough to remember.

All of a sudden, Japan owned everything in America. We were just becoming Japanese, and everything was being purchased by Japan. Kind of like it feels a little bit like China now.

JASON: They even owned Nakatomi Plaza, Glenn, that Bruce Willis had to save -- they owned everything in every '80s movie!

GLENN: Oh, yeah, they owned absolutely everything.

Okay? And the -- things were so insane in Japan. The grounds of the imperial palace, in Tokyo, on paper was worth more than the entire value of the state of California.


JASON: Wow!

GLENN: Okay?

So their land. Everything just shot up. And so they had all of -- they were flush with all this cash.

And people believed that Japan had suddenly, you know, cracked the formula for, you know, eternal prosperity.

That's the problem. Then it all started to fall apart. And the asset prices. That they had mortgaged against.

Okay?

They had borrowed. Well, the imperial palace was worth more than California.

That doesn't make any sense. You wouldn't mortgage it like that. At least long-term. I will do this real quick, and pay it off.

You would never, ever mortgage, because you know that's inane. Well, nobody ever wanted -- and it seems in governments, nobody ever wants to believe that this is just a fluke. Okay?

So the asset prices collapse. The stock markets plunged. And for three decades, they have gone into this very polite political coma.

Okay? Economic coma. And so the central bank did something radical. They were the first ones to set your interest rate at zero. They lowered the interest rate. They made money so cheap, it was nearly free. Zero percent interest. Sometimes, they would pay you to take out money.

So the -- they had negative interest rates. Can you imagine that? Now, you're not fixing the problem. You're just printing wallpaper to cover the mold. All right?

So they've done this for decades.

Now their debt is I think 260. Or 280 percent of their GDP.

I think, what is ours?

100?

80 percent.

Something crazy. 120. You never believe back.

The death threshold is usually 120, 140.

They're 260 percent of their entire economy is debt.

That's not a crack. That's a fault line.

So this week. Or was it last week? Things started to creek and grown in Japan.

And the government bonds, which are like our treasuries. Is this getting too complex.

Are you following this still?

JASON: Yeah.

GLENN: Okay. So their government bonds.

They were the safest investments on earth.

One of them. Okay?

It's us. Japan, Germany.

They started to fall.

Hard. And when bond prices fall, interest rates were the easily go up.

All right?

So they borrow all this money.

260 percent of their GDP is borrowed. Okay?

So they borrowed all of that money. And they had it at like 3 percent interest. Whatever.

2 percent interest.

And they were paying people.

2 percent.

Well, all of a sudden, the cracks started to appear. And people were like, I'm not sure this is stable at all.

And then the belief of the system started to -- to go away. So people started selling their Japanese bonds.

Once they do that, now the yields have to go up.

What happens when yields go up?

What happens when interest rates go up? For a government. You have to pay more interest on your debt!

Okay?

You add two or three points.

Just imagine, you have an adjustable rate. Okay?

This is a government having an adjustable rate. Except, they have 260 percent of everything they make, in debt!

And it's all leveraged.

And now, their adjustable goes up two, three, four points.

You're not able to afford that anymore, okay?

So massive problem.

Because what it really means is. People don't believe in Japan.

They know the con game is now over.

And investors are saying, you know, I want a whole lot more in return.

Because I just don't believe you anymore.

And it's not just Japan's problem. This is not a neighbor's house on fair.

This is -- imagine we're all living under the same roof. This is the neighbor's apartment, on fire.

We're all under the same roof. We all have the same foundation. And so when this happens to Japan, you should pay attention. And I'll show you the ripple effects in just a second.

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GLENN: Okay. So now if Japan -- that means there's a stampede out of Japan.

And people are starting to look and reprice the risk of their money.

Now they're like, wait a minute.

The most stable. You know, if you're driving a car and it is the safest car in the world and all of a sudden, they just start blowing up on the highway.

You're like, I don't think that's the most -- that's the safest car on the highway.

And if that's the safest car, what does it mean for the car I'm in?

You know what I mean? So now, this is going to push US interest rates going up.

Which makes our mortgage rates go can up. And our car loans more expensive. And the national debt. Which is already costing us $1.2 trillion a year, just in interest.

Now, they can't sell their treasuries. People are skittish on treasuries. Maybe they come to the United States, but they're not so far.

They're getting out of the Japanese interest. Or the bonds there.

Japan has to pay their bills.

What do you do when you have to pay a bill?

And you don't have any money coming in.

You don't have enough money coming in. What do you do?

You sell something. Right? You sell your car. You sell something that you have of value.

Well, what do they have? What do they hold of value? US Treasuries.

So now, we are trying to sell our bonds, for our new debt, they hold our old debt.

They're saying, hey. Anybody want to buy this debt? Because I have to sell it. Fire sale. What do you give me for it?

Okay?

Which makes that debt more attractive, because they can get a better deal there.

Which means, if we want to have new debt, we have to raise our interest rates. Which means, we pay more for interest for our mortgages and everything else.

And it floods the market with bonds, crushing the prices, skyrocketing the costs for us.
And causing even more trouble, in other countries, that have US bonds. Because they start to look and go, nobody is buying these bonds.

Well, of course not. You have two countries. The two stablest countries besides Germany.

You have the two stablest countries now selling US Treasury bonds.

Okay? Really, really bad.

Now, let me add this on.

Germany is now having to pay for their own army.

And so they said, they're going to borrow money.

To build the army.

And they're going to lower their interest rate. So they can borrow more money. All right?

And now, the German bund, which is -- you know, like our Treasury. That's now starting to fall apart.

Well, Germany has some assets, they can sell.

What do you think that asset might be that they want to sell?

US treasuries.

We have been playing an extraordinarily horrible game.

This is why I believe the president wants somebody else in charge of the Fed, because the Fed can say, we're lowering the interest rates.

Because he's got to get more money into the system. So people can spend money, can start businesses. Borrow money.

Get things moving, so we can increase the amount of taxes that we collect.

The more people money -- the more people make, the more taxes we collect.

So he's like, we've got to grow the economy. And the only way we can grow the economy is to lower the interest rates.

But at the same time, interest rates around the world because of what's happening with the bonds is going through the roof.

We are in a very -- we've never been in this position before.

THE GLENN BECK PODCAST

Why the Term "Conspiracy Theory" is CIA-Created Weapon for Control

Conspiracies are of course real and occur every single day. But yet, many in the media and elite political circles attempt to use the term "conspiracy theory" to smear and discredit those who are skeptical of conventional narratives. Where did this term come from and how should we understand it? Journalist Alex Newman joins Glenn Beck to break this down and how it impacts the world as we see it today.

Watch Glenn Beck's FULL Interview with Journalist Alex Newman HERE

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Chalkboard Breakdown: How George Soros & the 'Deep State' funnel YOUR money to radical groups

Where do these massive left-wing radical groups get all their money from? Much of it is effectively a scam that occurs using your tax dollars to fund these groups that you would never support on your own. Glenn Beck heads to the chalkboard to expose the connections so you can visualize exactly how someone like George Soros manipulates the system.

Watch the FULL Episode HERE: Deep State ON NOTICE: New Tech Traces the USAID, Globalist Money Trail