RADIO

Hobby Lobby Founder: THIS is the BEST WAY to run a business

Hobby Lobby CEO and Founder David Green recently joined Glenn in-studio to discuss his new book, ‘Leadership Not By The Book.’ During their discussion, Green details to Glenn the ‘direction book’ his family decided to follow while building their business. He explains why it’s the ‘best way’ to run a business, and he dives into several, important leadership lessons he’s learned along the way…

Transcript

Below is a rush transcript that may contain errors

GLENN:So there's a new book out, it is called Leadership Not by the Book by David green and bill high from Hobby Lobby. Welcome, David, how are you sir?

DAVID: Thank you. It's good to be here.

GLENN: It's good to see you again. First of all, I did a special last night about how the FBI and the federal agencies and the media are weaponizing against Christians as individuals and as business. You were, your fine was how much?

DAVID: Well, they were going to fine me $1.3 millions a day.

GLENN: A day.

DAVID: If I didn't follow their instructions. We got that number by the number of employees we had. It's like a thousand dollars a day per employee. That was a lot of money. 1.3 was what we were looking at.

GLENN: And all you had to do was just offer birth control or abortion; right?

DAVID: They were for pills and prescriptions that we could not provide because we knew it was after the fact that we were taking life and we knew we just could not do that. We had to have that when we signed our next insurance policy and so this was what the government was asking us to.We knew we couldn't do it. As you said earlier there are some things you just can't do. You can't go against your conscious.They were asking us to go against our conscious.

GLENN: You won that case.

DAVID: We did win that case.

GLENN: Thank God you won that case.

DAVID: Right.

GLENN: And that changed the course I think the first real big win for America as we have known it then past.

DAVID: It sure helped us.

GLENN: It did.

DAVID: We didn't know what we were going to do. People would ask me, what are you going to do if you lose this case? I said I don't know what we are going to do, but I do know we're not going to pi for someone's abortive pill. That is what we had decided as a family. In fact we came together as a family. We call ourselves gen 1 and our kids gen 2 and we had all of them in a meeting do you see this any different gen 3, the younger people in our family, and all of us stood the ground and said we're not going to take life for the sake of making profit at Hobby Lobby stores.

GLENN: Let's talk about, by the way I think what you went through and I'd love to hear your opinion on this, it almost seems like the good old days compared to what we're facing now.

DAVID: Things have gone pretty much south on a daily basis here. I can't even imagine what the government's asking us to do and how they're coming against us if you want to be a Christian. So some how or another today we're seen as the haters and yet we have the greatest story in the world about Christ who died for us while we're yet sins. So we're not the haters. We're the ones that got the best and the greatest love story in the world.

GLENN: I have to tell you. I've met so many Christians that will come up to me and say what are we going to do? And I'm like there there's only one thing left to do and it's what everybody dismisses but if we don't turn to God and ask him for forgiveness and help we're not going to survive. He's the only answer at this point. People are like yeah, yeah, yeah, but what are we going to really do? I'm like do you not believe? Do you not believe that the guy who rose from dead, harder trick than fixing our country is not -- people of faith, I'm not sure that a lot of them really truly have faith that when it comes down to it, yeah. Whatever happens it's in his hands.

DAVID: Yeah, but I think there's something we have to do. I think you'll see us, our family, with a lot of other families coming on the program. You're going to see it at the Super Bowl, he gets us. We're wanting to say "we" being a lot of different people that he gets us. He understands all of us. He hates who, he loves who we hate so I think we have to let the public know and create a movement, really.

GLENN: That a different movement. I agree with you on that. There's lot we have to do. But that's one of the most important movements I've heard, if that what the movement you're doing. He loves those who hate us.

DAVID: Right.

GLENN: We have to find a way to love -- it doesn't mean don't stand against it.

DAVID: Right.

GLENN: You've got to be firm and clear on your stance and I'm not moving but I can't hate them.

DAVID: That's right. We have to present the only answer to this, and it's not politics. you've already said it's him, Jesus who died for us, loves us, and until we accept him and know him and his scriptures and his book that he's given us we can settle the problems we have.

GLENN: So you have written a book leadership not by the book. You're the founder of Hobby Lobby which started out, I love the way you began. You started out making frames with your family in the garage.

DAVID: Exact.My boys made seven cents a piece. Today we do 8 billion-dollars so we've come a long ways.

GLENN: I think so, from seven cents.

DAVID: Yeah.

GLENN: You have 12 principles in here and I've highlight ad foo of them, but I want you to just kind of give the overview of the book.

DAVID: Okay. I think people ask me why I write the book and I thing one of the greatest reasons I wrote it is for us to understand we don't own what we have not because I say so, but because the scriptures and the old testament as well as the new testament says that God owns everything. I think as we see what we have is owned by him we're nothing but servants. When I say nothing but, I would rather be to serve and to be, to take care of what God has given us. Wealth is a curse and how do you handle the curse. That is to be someone that takes what god has given us and know how to handle it.

GLENN: I think we used to understand that concept a lot more. We were country that had great welt. We helped, we helped each other, wear always the first on the scene. And now, I mean, it's, that's kind of like government does that. We just have this, we're just not the same people.

DAVID: The government's done too much and that why sometimes we've backed off where we should not have backed off. We want to make sure what we do with our profits really make as difference.

GLENN: Let's go through some of the principles that I'd like to talk to you about.Build for the next 150 years, not just the next generation. I don't think there's people, I think there's lots of people that are just building for tomorrow, not even the next generation. This is more Chinese in your thinking, explain.

DAVID: I think it's also thinking about what we're doing in our lifetime. What are we doing that doesn't matter a hundred years from now. If you get to thinking and drilling down on that you want your life to be something that eternal and not just temporal. That's what we're doing there. We're making sure that our children come along and serve the Lord and also have the same priorities you do. That is to have Hobby Lobby going on forever if possible and being ministry to those that are in need.

GLENN: How do you go from a framing place to everything you sell with that? I think there's a lot of people, they separate I want to talk about family too because you talk about this separation. They separate God and their faith from their business. They'll come up with all kinds of excuses that, you know, I gotta do what I gotta do. We gotta do business.

DAVID: Right. I don't know had you do it without trying to find the book. This book is called Leadership Not by the Book, but hopefully is by The Book. I really don't know how you do it without following The Book. Because it gives us so much -- our creator has given us a book that really will help us.

GLENN: What are some of the business decisions that you had to make that, you know, on the surface were nuts that regular business people go now but you just had assurance, I know this is what He want me to do and it will work out?

DAVID: I think one of those things is how we treat our employees. I sense the Lord just gave me a; the holy spirit, you're in Changer of these people. I'm putting you in charge of these people. Now you're saying what does that look like? It looks like they need to go to church on Sunday you gotta close on Sunday. It looks like you gotta open 66 hours a week maybe your minimum wage at to be 18-dollars an hour. Maybe you ought to have 7 different chaplains to help the people in need that have different problems. I think it looks like that lin of these things by the way are biblical but it's also good for business. We are very, very profitable, we have no debt --

GLENN: People would say, because I know you write about it in the book, people say how can we get to, you know, 16-dollars an how and you're like we're getting up to 18.50 an hour, what are you talking about? And everybody will say, as I know, I've been around business my whole life, people will make the argument you can't overpay. You can't, you can't make your hourly wage that high because you won't be able to afford it. It will jack prices up.

DAVID: When we first started we just tried to survive so you need to understand that. It was just surviving. As we tried to follow The Book, which there is what ebb other book do you want to guide your life by, there's only one book that of God, the rest of them are man, there's only one and he's given us a book, a direction book. When you follow it I can't tell you a better way to run a business than following the book and following things I think would be pleasing to our Lord.

GLENN: Tell me how, faith is one thing, but talk to somebody who doesn't necessarily have the faith just about how the principle of paying your employees, doing all of the things that you do, how do they convince somebody who doesn't necessarily may have faith but not your kind of faith.

DAVID: Yeah, my kind of faith believes that God's word is where we're going to be best in our life and everything we do. He's given us a direction. Our creator gave us a direction book. If you don't have faith, why doesn't it look good to take care of your people and they take care of yours if you don't have faith at all? How does that not look good? How is what we're being told in God's book, how does it look wrong? He seems to make common sense and that to care for people if you really want them to care for you. So people know by the way who Hobby Lobby is before they knock on the door for an application and because of that I think we get the very; very best people that are out there. People that have a work ethic, people that have integrity. I think that one of the secret sauces is just to have great, great people.

GLENN: It is, it's weird too, as somebody who is a conservative and a religious person, that I was, I can't remember what city I was in but I think there was a Michael's and I didn't know there was a Hobby Lobby. We go into the Michael's, it was just not good. We were like we gotta find Hobby Lobby. It was like this little island respite like I know things are safe here. I know things are the people are going to be nice, nobody's judging, I don't have to have any kind of stupid societal rules. It's nice. It's nice.

DAVID: You know who you are when you're in our stores. You hear beautiful Christian music, every department has something that glorifies our Lord. If you come in, in front of the store and there's Bibles and good Christian books. We have a miniature Christian bookstore in the front of out stores.

GLENN: You are breaking every rule of business.

DAVID: Right, right.

GLENN: You know?

DAVID: It's okay.

GLENN: No. I know. If you were just a business person I think you would us a booking and in say you're going to be a nice niche store you'll never be Hobby Lobby. And it's just amazing.

DAVID: Yeah. We're proud of what God has given us. By the way, I give the glory to a lot of great, great people. We have just a lot of great people. Our officers, by the way, average over 25 years. We have people that stay with us, they love it, they love it because they know they're doing something other than just doing something to make the owners rich because that's not what they're doing.

TV

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.

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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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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