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The SEVERE economic consequences WAR WITH CHINA may bring

After Rep. Chris Stewart said in a recent interview that he believed America might be four to six years away from war with China, a senior officer called him and told him he was wrong: ‘[He] said Chris, I think you’re wrong. I think it’s closer to two years.’ No matter the timeline though, Rep. Stewart says China IS preparing for war against the United States now. So, if it happens, what will that war look like here at home? In this clip, Rep. Stewart details the economic consequences we may be facing that are SO severe, they’re ‘hard to imagine.’

Transcript

Below is a rush transcript that may contain errors

GLENN: We have congressman Chris Stewart on with us.

Hello, Chris. Always good to have you on.

CHRIS: Good morning, Glenn Beck.

GLENN: You are, of course, a national award-winning author. You're really good.

I tried to hire you as a writer. And then you're like, no. I think I should go to Congress. What a mistake that was.

You're a world record Air Force pilot. You're a former owner and CEO of a small business, and now you're in Congress. And I'm sorry for that.

Chris, you were on all kinds of committees.

And I've got all kinds of questions. So let me start with the latest. Did you read the Washington Post today?

CHRIS: Not yet, this morning. What I did I miss?

GLENN: Okay. They said, they have one source. But they did talk to their mom before they put him on record.

A kid says he knows who the leaker was. He was a guy in this group of about a dozen kids.

He worked a military base. And would go in and just leak these documents to the kids.

I find that a little strange.

But I wanted to ask you, because he worked on a military base. And he said, he had access to documents and servers, that he could get in and see all these secrets.

How hard is that, with the documents, that you know, and I know, have come out?

How hard -- what kind of classification would you have to have? And do we have those kinds of skiffs on military bases. That would allow access to anything?

CHRIS: Yeah, well, a couple of things, Glenn, if I could. Number one, is you said did I read the Washington Post this morning?

I got to tell you, I don't read the Washington Post most mornings. With all sorts of information. So let's at least consider that. I think there are probably two elements of this, that are worth commenting on. Number one, most of the stuff that we've seen, in fact, all of it, is classified top secret.

Which is actually one of the lowest classifications. So it probably, there's thousands of people who probably had access to a lot of these documents.

And the second thing, Glenn, the whole presumption of the classification. Number one is we overclassify a lot of things.

And that's another topic, but some of these things, if you read them, you think, well, that doesn't seem terribly classified, and it seems fairly obvious, and I think that's the case with some of these documents.

Although, not all of them. My point is, the whole process only works if there's a presumption of trust. And, of course, there's some people that you can trust, and you shouldn't trust.

But it seems to me, that there's a breakdown more broadly, and that is someone somewhere had enormous access. And -- and over a long period of time, and it seems like with just extraordinary ease was able to have access to these documents. And then walk out of the building with it.

They didn't -- you know, they didn't break down through computers, and get electronic access. It looks like they had physical access. They were walking around. That is actually quite surprising to me.

GLENN: So we're seeing now with China. Some of the leaks are about China.

And us not being able to have war with them. The Taiwan thing, where are we headed on that?

Is China -- I mean, if I were China, with this president and this Pentagon, man, I wouldn't -- I would, if it looks like someone else would win the White House. I would make my moves right now, on Taiwan. Can they?

CHRIS: Well, you know -- well, they're close to that.

They're not quite where they want to be militarily.

But militarily isn't -- military isn't the only consideration they have.

One of the primary considerations, of course, is what you just indicated.

What do they estimate the United States will do?

What do they estimate the leadership of the president and the United States might be?

And it's very, very clear.

And everyone talks about Afghanistan. But you really can't overemphasize the importance of that, Glenn.

As I've traveled the world since then, I've heard it all the time. And not just from our friends. But our adversaries as well.

They look at that and think, what filling, naïve, weak leadership that was.

And, by the way, by the way, it's not just President Biden. It's General Milley and Austin. They're the ones who presided over that.

And so there's no question, that President Xi looks at that and says, well, maybe now this time -- and if I could share one -- one personal experience I had, I had on another interview.

And they asked me, well, what's the time line?

And I said, well, it's hard to say. The analysts predicting the future.

I said, I think it's probably four to six years.

And that weekend, I was called by the former national security adviser. Robert, a friend of mine.

And then he said, no. Chris. I think it's probably closer to two years. Then an hour later, I got a phone call from another very senior officer. And said, Chris, I think you're wrong. I think it's closer to two years. Having been in the region recently, I think this much is clear. China is preparing for war, against the United States. Over Taiwan. And the South China Sea.

They're preparing urgently.

And I don't think the time line is a decade for sure. It's probably not five years.

It probably is some time between now and the next election.

GLENN: What does that mean for us, Chris?

What does a world with the United States at war with China and most likely with Russia, what does that look like?

CHRIS: Yeah. And that's really the key question.

So I was in Ukraine last week, and, well, it was an interesting -- an interesting trip, I'll tell you that, Glenn.

But one of the impressions I left there with was, to those in the United States. Who we've sent them.

As you and I have talked about -- tens -- perhaps more than a hundred billion dollars.

But most Americans, you know, they -- they may say, okay.

Well, we want to support that. It's a lot of money.

But as far as the fact, we live day to day. It does not. I mean, we're completely unaware of it. Now, president Biden will blame the price of fuel on the war in Ukraine. But that's nonsense.

That's not the reason for that. It's because of his own policies.

But when and if there's a war in -- in -- over Taiwan, every single one of us will feel it every single day.

And I'll give you one illustration. There's recent analysis that said, we would have the 9 percent reduction in our GDP, the first year from only -- only from the ability to access the chips and especially the exquisite chips.

Nine percent. The Great Depression reduction in GDP the first year was 7.5 percent.

GLENN: Oh, my gosh.

CHRIS: And, Glenn, that doesn't count -- because we haven't yet finished the analysis on the reduction in GDP from the fact that you're not going to have container ships leaving China. And coming to the United States. Or coming to the West.

We simply to do trade with them.

When you ask, what does it mean?

The economic consequences of this, are hard for us to imagine.

GLENN: Chris, why are we not having these conversations?

Why is it, it just seems like everything just happens. They just continue on with their -- I think diabolical plans.

And nothing -- nothing happens. I mean, Merrick Garland, I know you're on the weaponization committee.

Merrick Garland has lied, lied to the committee, about, you know, who they're surveilling. And who they're trying to rope in, as FBI informants. He said, we're not doing this as Catholics. We're not targeting. And now we find out that, yeah. They are targeting Catholics.

And he's not going to pay a price. When does someone pay a price for any of this stuff?

CHRIS: Yeah. Glenn, I've been asking myself that question for six years. Could you go back to the initial Russian hoax, and the fact that Director Comey lied to Congress again and again and again.

And listen, when he was finally put under oath, on deposition, you may remember, something like 257 times, he said, I don't remember.

That's nonsense. Of course, he remembers. That's a nonresponsive witness. If that would have been anyone else, they would have been charged with perjury for saying that.

What about McCabe, what about Lisa Strzok? You go down the list, it just keeps going. And all the time we're asking, where is the accountability?

Now, there is some good news. And I don't want to be Pollyannish about it. It is a positive step forward. That is we have to reauthorize 702, and FISA this fall.

We're simply not going to do it.

And as strong as an advocate as I am for the national security, as someone who understands the value of intelligence. I would rather lose the tool, than have the tool continue to be weaponized and continue to be used against the American people. There's a number of us in Congress who are saying, we simply won't reauthorize us, unless there's enormous reforms put in place first. And it's one of the primary things we're concentrating right now on the intelligence committee.

GLENN: Oh, man, I hope you guys stand firm on that. And it would have to be enormous reforms.

Because that whole thing is a cesspool. And with these leaks. The story out today is that Biden is looking again, at, you know, different ways he can monitor and capture all the information on the web. And surveil.

I mean, we know what they're doing dependence the United States. The people of the United States.

PAT: You know, two talks, Glenn.

Number one, we subpoenaed the director and others yesterday on a weaponization committee regarding this absurdity of targeting Catholic Diocese. Catholic congregations. Show me any reasonable person in the country, who thinks that one of the -- one of the threats to you're security are believing Catholics for heaven's sakes.

It's beyond absurd. And that's -- and that's good.

We need to bring them in, under oath, once again. And have an ability to question them. The second point, Glenn. Is this. The United States has extraordinary power to surveil by themselves.

But they also have brought in the entire industry around them. You know, Facebook, Twitter. Et cetera, et cetera.

As a partner.

And if, for example, it's illegal for the United States to assassinate someone. They can't target a foreign leader, for example. And -- and tell the CIA, go and assassinate that person.

That's illegal, they can't do it.

But if they hired someone to do that. And they did it for them. It would be exactly the same thing.

And it would still be illegal. That's what the government has done essentially with surveillance, and suppression of free speech.

With the weaponization of many of these tools. Is they don't do it themselves. They go to these Ted companies. And saying, we want you to do it for us.

And we're going to compel you.

We're going to intimidate you. We'll threaten you.

Now, they don't have to threaten them very often or very hard.

Because it turns out these tech companies are more than willing to do this for the United States government.

GLENN: I know.

CHRIS: But the fact that they work with a partner is still -- is still a sense of wrong.
As much as if they had done it themselves. So once again, it's one of the things that we're trying to address, and trying to expose.

GLENN: So one more question, and I've only got 90 seconds max on this.

Tell me, are we standing firm on Congress bringing back the power of the purse?

Are we going to fold again?

CHRIS: Yeah. We'll see, Glenn. I mean, you have the Republican House. And many of us are saying that that is the only tool that we have. And that is to say, we just won't fund you.

But we don't control the Senate. The House will push a lot of these things.

For instance, I won't give a penny to the new FBI headquarters until Christopher Wray comes in and answers a boatload of questions.

GLENN: Under oath, in a way where he has to go to jail.

You know, you -- you just said Comey answered, you know, I don't remember. When he was under oath.

Well, he was under oath in Congress. But nobody cares!

Nobody cares about that oath it seems.

CHRIS: Yeah. It does seem like that's something different. But back to the original question.

The House will fund some of these efforts. And I think we will be broad and deep in some of those. Of course, then that budget goes to the Senate. And we'll see what Schumer does. Because you know what he'll do. And he won't.

And that's where the fight will take place. That's -- you know, we won't know the answer to that, until sometime this summer or this fall, when we actually have to fund the government, and we'll see how strong Republicans will stand.

GLENN: Chris, thank you very much.

I can't imagine being any of you guys who are trying to do your best in Washington. I just can't imagine the frustration, but thank you.

CHRIS: Glenn, I should have taken a job and come and worked with you.

GLENN: I know you should have.

Huge mistake. I told you. All right. Chris, thank you so much.

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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.

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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