RADIO

Leftists go after BIRD NAMES for being ... RACIST?!

To the Left, EVERYTHING is racist ... including bird names, apparently. Glenn and Stu review an announcement from the American Ornithological Society that it's changing the names of around 80 bird species that are either named after people or have somehow been deemed offensive. Then, they break down why this is utterly ridiculous in every way possible.

Transcript

Below is a rush transcript that may contain errors

GLENN: Oh, man.

Is everything racist?

STU: It's time for another episode of everything is racist!
(music)

GLENN: We're going to pantoverse now. As we are looking at ornithology.

STU: Yes! It's very important, Glenn. I hope you know that a lot of the familiar names you know, from birding. I know you're a big birder. Big birder. People don't know that.

GLENN: I'm not a big birder. I don't know anyone who is a big birder.

STU: Oh, huge birder.

GLENN: I eat birds.

STU: That's why you're looking for them. It's a little bit differently than the typical birder. You do it a little bit differently.

GLENN: Yeah.

STU: But you will have to say goodbye to some very familiar bird names. Like, I mean, say it with me. Anna's hummingbird.

GLENN: Anna's hummingbird. Anna's hummingbird.

STU: Gambel's quail.

GLENN: Gambel's quail.

STU: Lewis's woodpecker.

GLENN: Lewis's woodpecker. That one sounds like we shouldn't talk about it.
(laughter)
What is that? That's Lewis's woodpecker. Stop playing with that.

STU: Just leave him alone.

Bullock's oriole. How many times have you been like, oh, look. It's Bullock's oriole right over there?

GLENN: I usually just say it's an Oriole. But when it's Bullock's oriole, it rubs me wrong. It rubs me wrong.

STU: It does.

Well, apparently this will go away. Because of the American Ornithological Society, how they viewed to change the English names of all bird species, currently named after people.

Along with any other bird names deemed offensive or exclusionary. Now --

GLENN: Okay. Okay. Hang on just a second. To whom? The birds? The watchers?

STU: No, the birds don't care. It's apparently about human beings, as they discuss in the article.

GLENN: Okay. So is this happening all over the world, in every language? Any other society that has named a bird?

STU: There's only one society that matters.

And it's the American Ornithological Society, which is a word I've said many, many times. Not just starting yesterday.

GLENN: You remember.

STU: Yes.

Now, there have also been bird names named after Native American tribes. Because that's also offensive, like the Washington Redskins. That was offensive, had to get rid of it.

Even though about 90 percent of the people in the tribe approved of it. That didn't matter. This move comes as a part of a broader effort to diversify birding, and make it more welcoming to people of all races and backgrounds.

GLENN: You know what, I have to tell you, because you know me.

I'm one with the hood.

And I'm down with my peeps in the hood.

And we're listening to --

STU: Lizzo?

GLENN: Lizzo.

And she's like, where is --

STU: Where my phone?

GLENN: Where my phone in and I say to myself, Lizzo, have you thought of perhaps bird watching?

STU: Birding. Let's call it the appropriate term.

GLENN: I'm in the hood.

STU: This is a slang term for birding. I got it.

GLENN: And she says, where the hell my phone. And I said, you don't need one. You just go out with all the stuff you might get from the ornithology society. And you just go watch them birds.

And she said to me, and this is a quote. Birding is too racist. And I said, I'm with you. I'm with you on that.

But can you explain?

And she said, huh. I don't think I have to, you to, Glenn. And I said, damn right.

STU: That's right. I remember, you told me about that conversation. With contemporaneous notes backing that up, if anyone wants to see it. So this is very common actually. There's a lot of people just sitting around and saying, you know, I would love to get into birding. But I find the name Louis' woodpecker to be a little offensive.

GLENN: Can we use something else besides?

STU: No. Because there's never been an African-American.

GLENN: A hole in the side of a barn. And now I have to replace that whole --

STU: With Louis' woodpecker?

GLENN: No. Because Louis put a hole in the barn.

STU: It's a large bird.

GLENN: Is it?

Let's stop.

STU: Louis had a big bird.

And a lot of people talk about it.

GLENN: Let's move on.

STU: But, you know, are there a lot of people that go through this process?

Because there's never been an African-American name with the last name Louis. That's never occurred. Certainly throughout history.

GLENN: Well, Joe.

STU: Carroll. You know, I don't know. There's been some.

But you would think --

GLENN: The one who wrote Alice in Wonderland.

STU: That one. Yeah, whoever that one was.

So biologist Erica Nole says, she was recently visiting some salt marshes. Now, I know you have a time share near a salt marsh that you visit often.

GLENN: Oh, yeah. I get all my salt there.

STU: She saw a common bird there called Wilson's snipe. As you know, there's never been an African-American with the last name Wilson. They don't -- that never occurred.

GLENN: Flip.

STU: Russell. So which -- this bird has a long bill and engages in dramatic displays such as flying in high circles, which produces a whistling sound as air flows over specialized feathers. Very good execution. You are a birder. I can tell.

GLENN: That's the Wilson snipe.

STU: Which I actually this is a pretty cool name.

GLENN: Snipe! Snipe!

STU: But it doesn't say Wilson. It just says snipe.

GLENN: Snipe.

STU: And this biologist says, quote, and I thought, what a terrible name. I mean, Wilson was the father of modern ornithology.

GLENN: But.

STU: But this bird has so many other evocative characteristics. I mean, all --

GLENN: You know, when I think of the guy who founded modern ornithology. When I think of him, I think, that damn Wilson.

That damn Wilson. His name is everywhere. Everywhere.

STU: What color was Wilson with Tom Hanks?

White. The ball was white. Remember that.

GLENN: I got it.

STU: Okay. So that's the typical craziness.

Number one, they're calling the bird names racist. And acting like some Hispanic person is like, I can't. I would never go into birding now.

I've always wanted to bird. But the name Louis!

I may not bird now.

GLENN: Snipe!

STU: Beautiful bird. A little annoying if it's around your house. But a beautiful bird.

So you have that part.

GLENN: I have a whole nest of them.

STU: Yeah. Secondary part of this, which is ridiculous. They're not just targeting. I guess there are people who have named birds. Who also were in the 1980s. And made racial remarks. Or did something terrible.

I don't know. But they're not just targeting those people.

GLENN: I mean, if it's like Sherman's N-word. I get it. I get it.

STU: You would understand that. You would understand the name change with that one.

And like, it's hard. We understand how this process works. We might think it's stupid. Erasing history.

But like, this has happened all across the country, at this point. They're tearing down statues of freaking Ben Franklin.

GLENN: These guys are not. They're not necessarily bad guys. Wilson is not a bad guy.

STU: Right. They're not targeting only people who have done things that could be deemed offensive by modern sensibilities.

GLENN: Does Tom -- Tom's blue jay.

STU: Tom's blue jay.

GLENN: Tom was a badass guy. He knocked over a few of the Southland corporation's best 7-Elevens back in the '40s.

STU: There you go. That's a whole 'nother story. But they're targeting anyone, any name. If you're named after a person, they're getting rid of it. Even if you're the best person in the world.

GLENN: Not all around the world. Just American.

STU: Just the American ornithology society.

GLENN: And that's crazy.

That's baseline crazy. There's another level of crazy with this story.

And here it comes. The president Colleen Handle says, that was the first I ever really recognized or heard a name was offensive.

She says, at that point in time, concerns about injustice, weren't an acceptable reason for changing bird names. But it really started to change, in 2020.

GLENN: Snipe!

STU: When police officer killed George Floyd in Minneapolis.

GLENN: Wait. That's when the birders said enough of this.

STU: Enough the Wilson snipe.

And the Louis' woodpecker. Because George Floyd has been killed in Minneapolis.

Now, you might say, well, what the hell does that have to do with anything.

This is a totally different story.

GLENN: No. I might say, produce one birder that said that.

Produce just one that said that.

STU: But the issue was that it was not really George Floyd's murder.

GLENN: Oh, it wasn't?

STU: Because on that same day. You may remember. You may forget. This was the exact same day as George Floyd's murder.

GLENN: Same day. Same day. Remember this.

STU: A white woman, in Central Park.

GLENN: In Central Park.

STU: Called the police on a black birder.

GLENN: Oh, my gosh.

STU: Named Christian Cooper.

GLENN: So he was a birder.

He was a guy who was in the bushes watching, maybe looking for Louis' woodpecker.

STU: She called the police, claiming he was threatening her. Less than a month later, the group called...

GLENN: The group called.

STU: The name is so good. Less than a month later, a group called Bird Names for Birds.
(laughter)
Bird Names for Birds. I've got to join this organization.

GLENN: Wow! I want -- can you look it up, Sara, real quick. Just look up for their mission statement.

What is their mission statement?

Imagine going door to door, trying to get people to go into -- we represent the Bird Names for Birds Club. Okay.

STU: Yeah. Okay. So Bird Names For Birds. They come through. They write to the American Orinthological Society and say, hey! George Floyd was killed.

This birder was -- the police were called by a white woman on this black birder. Therefore, we should get rid of Wilson's name from Wilson's Snipe. That's basically how this conversation went.

Now, the problem with this story, if you remember, it was called the Central Park Karen story. This was the story.

And the main issue with this part of it is the story has been utterly and completely debunked.

At the --

GLENN: There was no blackbirder.

STU: Not utterly and completely.

But the blackbirder did exist. Is a human being. But there's a lot of details you haven't heard about it.

Should we go into those?

GLENN: Yeah. I would like to go into the detail.

Give me a minute to just get over. Snipe!

Let me get past that.

STU: Majestic.

GLENN: That was actually the bird. That wasn't me doing that. That's how close my --

STU: You did the call. That's how --

GLENN: I know. Shut up.

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STU: So if you remember how this story went down, here's -- here's a couple of headlines. A black man bird watching in Central Park, asked a white woman to leash her dog. She called the police.

Amy Cooper was her name.

She was charged in Central Park false report against a blackbird watcher.

GLENN: Is that an actual crime? Is that the crime she was charged with?

STU: A false police report, yeah.

GLENN: Oh. But not against a blackbird watcher.

STU: Well, that's a separate crime.

It's like a hate crime.

There's false reports. Against blackbirders.

GLENN: And that's bad.

STU: So let me give you the -- the footage of this incident.

Because you'll remember it, when you hear it.

This is Amy Cooper.

Being very frantic. And, I mean, she's hysterical this clip.

Of course, the blackbirder was in the right.

Here is Amy Cooper. This is from the day George Floyd died.
(music)

VOICE: Please don't come close to me.

VOICE: Sir, I'm asking you to stop.

VOICE: Please don't come close to me. Please call the cops. Please call the cops.

VOICE: I'm going to tell them you're threatening my life.

VOICE: Please tell them whatever you like.

VOICE: I'm sorry. There's a man. I'm looking at him. He's recording me, threatening me and my dog.

There is an African-American man, I'm in Central Park. He is recording me and threatening myself and my dog. I'm being threatened by a man. Please send the cops immediately.

I'm in Central Park. I don't know.

VOICE: Thank you.

STU: Okay. Now, she's very concerned.

GLENN: She's very hysterical. He seems like he's under control, and a nice guy.

STU: Calm guy.

GLENN: It's two New Yorkers that are just probably a little nuts.

STU: There are -- to take you back to this moment in all seriousness. New York City around May 2020, were pretty freaking nuts. People were afraid to go outside. This is like the very beginning of COVID. And we can all look back at some of the hysteria then, with the -- certainly noticing how ridiculous that was.

GLENN: Oh, that's probably why she, in her twisted New York way. Said, he's threatening my life. Because she said, don't come closer to me.

And he's wearing a mask.

STU: Well, that could be that.

Remember too, she also had health problems. She was predisposed to being more effective to COVID. She had barely had gone outside. She was a terrified person.

And A lot of people in New York at that point were very terrified.

Some of them remain to this day.

GLENN: They still are.

STU: But what happened to her afterward?

She was a white woman called police on blackbird watcher has been fired.

They took her dog from her.

GLENN: They took her dog?

STU: They took her dog.

And she actually went into hiding.

Left the country. And went into hiding after this.

So let's just say for a minute, she is a racist, and she did this.

You wouldn't necessarily think you would have to leave the country.

She was being threatened by people. She was terrified by everybody.

It was very, very bad for her.

When we come back on the other side. I want to give you the actual perspective of what occurred in this incidence.

Because nobody knows. Everybody watched it that way. The media covered it the way I just described.

Racist white Karen, going after this black guy for absolutely no reason.

And she -- she -- good. She got fired. Good, they took her dog. Good, she's out of the country. She's a terrible human being in every way.

GLENN: Yeah. I don't agree with that. I'm glad maybe she's out of the country. But for entirely different reasons.

STU: Really?

GLENN: Yeah. Gee, we lost another New Yorker, who was walking their dog in the park. And was all freaked out about going inside. Oh.

But I would like her to move away in happy terms. Like, I really don't like it here. People make too much. Sense.

STU: Well, that's true. As far as I know, she's not even a member of bird names for birds.

GLENN: Oh, no. I have it pulled up here. I'll look.

STU: Oh, you do? Can I join?

GLENN: Well, I was just looking at the background. Concerns about the honorific common bird names is not new. But this movement seeks to change those names.

STU: Oh, yeah.

GLENN: Uh-huh.

STU: Thank God. Thank God these names are going away.

GLENN: So they're very upset about Bachman's sparrow, was the first one they bring. Yeah, Bachman.

STU: Really? What did Bachman do?

GLENN: Bachman was bad. Just, well, Bachman, I believe that's probably Jewish.

STU: Oh.

GLENN: And the Jewish Zionists, they control all of the bird names.

STU: I've been hearing that a lot on college campuses.

That's interesting you bring that up.

GLENN: Yeah. Yeah.

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.

THE GLENN BECK PODCAST

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