RADIO

New York KICKS kids out of school for illegal immigrants?!

It has been a crazy past few days with one of the most insane news cycles Glenn has ever seen. But topping the list is a story out of New York City: A school has forced students to stay at home so it can temporarily house illegal immigrants. This, Glenn believes, is a sign of what's to come for the rest of the country if the Biden administration's border insanity continues. How does he know? Because he's seen it firsthand and documented it in the newest Blaze Originals documentary: "The Real Story of Colony Ridge." Glenn also runs through some other highlights from this crazy news cycle: The SEC has approved Bitcoin EFTs for institutional investing; Chris Christie has dropped out of the race; Bill Belichick has "parted ways" with the New England Patriots; The Red Cross is helping fuel the border invasion; and another shocker for the week: Dr. Fauci has admitted that the 6-foot distancing rule "sort of just appeared" out of nowhere.

Transcript

Below is a rush transcript that may contain errors

GLENN: Let me just see if I can run down some of the stories yesterday. Bitcoin was approved for institutional investing.

That came from the SECC. Fifteen institutional investors were given permission to start selling Bitcoin. And including it in their retirement funds, et cetera, et cetera.

That's huge. That's why Bitcoin is going to break 50,000 here, probably in the next few minutes. There was the block of the budget, by 16 Republicans. Chip Roy, one of them. Who are saying, you -- you don't do something about the border, we're never going to pass a budget.

Never.

And God bless them for that. We have Mike Lee coming on about that in just a minute.

Chris Christie dropped out.

Gavin Newsom, we find out now, has a budget crisis. He refuses to call it an emergency. But if he will dip into the emergency funds, he then has to call it an emergency where he can't get any of those funds. It's $37 billion.

And yet, he's announced just earlier this week, or was it last week, that he's going to be covering health insurance and sex changes with the California health system? So you have that going for you.
Belichick was fired.

STU: Basically, they parted ways.

GLENN: Parted ways.

STU: I don't think they would fire him after the nine Super Bowls they went to.

They're parting ways. He will probably go coach somewhere else.

I don't know if I thought he would leave there, other than just retiring.

We're talking about probably the greatest NFL coach of all time. Arguably.

GLENN: Isn't Alabama kind of a big deal football?

STU: Arguably the greatest college coach of all time.

Also, Nick Saban leaving, which apparently was a great surprise, and the same day.

I guess it was one day apart, technically. But in the same 24-hour period certainly.

GLENN: Then we had the debate, a town hall.

STU: Yeah.

GLENN: We had Fani Willis.

That story broke. You know about that, right?

She was having an affair with some attorney, who then she said, I'm appointing you special counsel.

On the Trump thing. Except, she can't do that. She needs permission to do that. It has to go through a board.

STU: Board, yeah.

GLENN: She never went through the board to do it. So she did not follow roar.

He's making like $650,000 on his special counsel.

They're sleeping together. He's going through a divorce. She's being called as a witness. That's the real ethical woman, Fani Willis, that is going after Donald Trump.

Then you also had Fauci yesterday, come out and say, the lab leak theory is not a conspiracy theory.

Excuse me. What.

The 6-foot distancing, we just made that up.

STU: I still see the posters for that all over the place. They're still just hanging over there, as remnants of that era.

No science on that particular claim.

GLENN: Nope. Nope.

Then you have the kids in New York, getting kicked out of their own school for illegals.

What -- what -- what would you do as a parent?

Wait. My kid has to move? My kid has to go someplace else, because their school has been taken over by illegals?

No. I don't -- no. I don't think so.

Then you had Hunter Biden show up yesterday.

That was bizarre. He shows up in Congress. And just -- and just sits there.

And everybody starts yelling at him. And then -- and then in an even more bizarre move. He gets up and leaves in the million dollars of it.

Then you had a couple of really disturbing things happen.

You have Poland, kind of teetering right where we are, on the constitutional republic line. Listen to this. This is the polish Prime Minister. Announcement he made yesterday.

VOICE: For the first time, since the dark days of totalitarian rule, we have political prisoners in Poland.

They are the former interior minister, Mariusz Kaminski, and his deputy.

Both are democratically elected members of the Polish parliament.

Both fought against companies during their visit to the Polish president at the presidential (inaudible).

They were detained by the police, and then taken into custody. This happened even though both received a presidential pardon, as the prerogative of the president allows under political constitutional law, in 2015.

The entire process, which culminated in the detention of two politicians took place in flagrant violation of the rule of law.

GLENN: Wow!

And to make that even better, I don't know if you saw the Canadian Mounties or whoever they are.

The Canadian police arresting the idealist. This is horrifying. Journalist is going and asking, I don't know, the interior secretary or something.

Why Hamas is not on the terrorist list, for Canada.

Listen to this.
(music)

VOICE: Why is your government supporting Islamonationalists?

GLENN: Watch this.

VOICE: You're under arrest for assault. You're under arrest for assault. Police.

VOICE: What are you talking about, man.

VOICE: You're under arrest for assault.

VOICE: You bumped into me.

VOICE: You pushed into had he.

VOICE: I have my credentials here. And you just bumped into me.

VOICE: Police, you're under arrest.

VOICE: What is your name.

VOICE: You're under arrest.

VOICE: Why am I under arrest.

He -- he --

GLENN: Okay. Stop. They take him away!

STU: Jeez.

GLENN: Now, this is a journalist that is walking down the street.

The police officer was intentionally standing right where he was walking. He saw him coming. He must move. The guy had the microphone.
And he bumps into him because he's walking backwards.
So he doesn't see him. But he just bumps into him.

And he's arrested for assaulting a police officer.

Holy cow. Meanwhile, as we told you last week, the Red Cross, if you're giving money to the Red Cross, you should stop right now.

In my opinion, you should stop. How could I say that?

Red Cross does a lot of good things. Yeah. They're also passing out fliers on how to get to America. All over South America, and Latin America.

Excuse me. What -- what -- what are you doing?

What are you talking about.

You're organizing?

Well, they're helping. You also have friends of the train. I don't remember what it is in Spanish. They're doing it.

And the United Nations is also aiding and abetting.

And -- and pushing people towards our border. We're going to have 10 million new people, here in America.

Just from the last four years. That's an invasion. Meanwhile, our Congress, and our president will do nothing. Nothing.

There were 15 or 16 Republicans, yesterday, that stood up and said, no.

You don't get a budget, without the border.

You secure the border, we'll talk to you about the budget.

But no. And now, everybody is, oh, my gosh. We're not going to have a budget.

We'll shut down the government. We should shut down the government. What is the government doing to help you.

What is the government doing to protect and defend the Constitution. What is the government doing to protect the borders.

The government is out of control. We shouldn't be giving them another time.

Make them work for it. Make -- force them to do their job.

I'm only asking for the Constitution to be followed. I'm not asking for anything radical.

Follow the Constitution. And execute your job!

And anyone who is not following, or worse, usurping the Constitution fire them. Or try them, if they've committed a crime.

My gosh. What is wrong with us.

Meanwhile, Houston, one of his top five city now.

Isn't it?

It's the fourth or fifth largest city in the country. Massive, massive city. It's growing by leaps and bounds, but it's growing with illegals.

You're going to lose Texas. I will lose Texas as a red state. You will. It's only a matter of time, period. Why do you think they're bringing all these illegals in?

Two things. One, elections. And number two, Cloward and Piven.

Overwhelm the system.

That's what's happening in California.

Gavin Newsom, you think he's going to be put in.

Gavin Newsom, he has a -- he has a budget deficit now of $37 billion.

Why.

Because he's doing the same thing they're doing in New York.

Get out of here. We will put some illegals in here.

Can you imagine, if you have your own business. And you can't afford health insurance.

You can barely afford it. You're just at the bottom of the barrel.

And your tax dollars are going to give sex change operations to illegals. I think -- I think I would lose my mind.

I think I would lose my mind. I would definitely lose my house.

I would sell my house, so fast, and get out of that state.

That's -- that's true insanity.

You can't make the budget, and so what is he cutting?

What is he cutting?

Tell me, Stu. How this one makes any sense at all.

What is Gavin Newsom cutting now that he has a deficit of 37. Sorry. $37 billion.

It will be 68 billion, if he does nothing.

Okay.

So he's taking $13 billion from his rainy day fund. Reserves. Which you're not supposed to touch, unless you declare an emergency.

But he won't declare an emergency. He is taking 8.5 billion, for programs. Deferring some spending to the future.

And spreading it out over more years.

8.5 billion in spending cuts.

Half of those cuts are for housing.

Now, wait a minute. Wait a minute.

Hold on. You're going to cut housing, and yet, millions of people are coming across the border. And you already have a housing crisis in California.
How does that work?

Then the other thing he's doing, is he's cutting on many of the promises, on climate change. Now, if you're Gavin Newsom -- remember, this is the World War II of this generation.

How is he possibly doing that?

Hmm.

What are the things he's cutting?

Well, he said, I won't cut free kindergarten. Because he just added that.

I won't cut health insurance for all low income adults, regardless of their immigration status.

So he's married to those two things.

But he does want to delay a planned minimum wage increase for health care workers.

So wait a minute. I thought that was going to help everybody. Everybody wins in that.

Why would you -- if that only helps people make money, and it doesn't harm the businesses, why would you do that.

Why.

Then, he is going to cut 40 million from a program.

That helps local and regional governments fight the impacts of extreme heat.

$23 million for a pilot program, to deploy zero emission trucks that transfer goods from ports.

Six hundred million in spending for programs to help motorists replace gas vehicles with hybrid and zero emission versions.

If you actually believe this is the end of the world, why would you you cut those things?

Why?

And this is the guy people say, they're going to run. Okay.

If -- if America is that insane, well, then we deserve what we have coming to us, I guess.

So what does all of this mean? And what is truly the big story of yesterday, and today?

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Ten-second station ID.
(music)
So the biggest story today, is this.

I want you to imagine. Play the audio of the mother outside of the New York school.

Where her kids and all the kids have been told to leave. Because school needs to be occupied now by illegal immigrants.
(music)

VOICE: How does it feel? You feel good? I hope you feel good!

GLENN: So her kids can't go to school because the school is now occupied by illegal immigrants.

Okay. Imagine yourself in that situation.

Now, if you've ever been to Brazil, I want you to imagine something else.

If you've been to Brazil or Rio, you know, it's wealth. And like, I have no clothing poverty.

Okay. And they live right on the other side of the fence.

It is despicable.

Awful.

It's poverty like Americans have never seen before.

But that's what we're talking about. If we bring the third world here, without a plan, without ways for them to realize the American dream.

And we just keep giving stuff. Or worse, we let people prey on them.

We're going to be a third world country.

That is your future.

Living where you live, and right on the other side of the fence, is massive poverty.
How do I know?

I've been to Colony Ridge in Houston.

And that is what it is. Across your fence is wild like never before seen poverty. It's not all of Colony Ridge.

But it is -- it is going to be popping up everywhere. Currently, it's in Houston.

But these developments, when unscrupulous people, not doing anything illegal. See the opportunity, to make millions of dollars.

They're going to do this, repeat this, all over America. What is Colony Ridge?

It is the name of a development, just outside of Houston, Texas.

About 30 minutes outside of Texas. So your community distance.

And it is -- in many parts of it, third world feeling. Okay.

Are the people happy? Some of them are. Some of them are really unhappy.

What is the whole story?

Because the New York Post didn't get it right. I don't think The Daily Wire got it right. We tried really hard to get this right.

And you will see the truth of Colony Ridge. And it's be the about the Texas development.

It is about you and your neighborhood.

If you don't stand up. If Congress doesn't stand up and say, no budget. If there's no border security, then this will come to your community. It may already be there.

Watch it, on Blaze TV. Subscribe to Blaze TV. And watch the exclusive Blaze TV subscriber, documentary. Colony Ridge.

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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(music)

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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