RADIO

These 2 HUGE issues show America is at the END OF THE ROAD

This may be the most critical time in America, Glenn says. And might be facing the end of the road. In this clip, Glenn and Stu outline two HUGE issues facing America NOW. They’re not long-term problems, they explain. Rather, our economy and the way Biden has DESTROYED the U.S. oil & gas supplies are issues we must grapple with TODAY. That’s why this election is SO important.

Transcript

Below is a rush transcript that may contain errors

GLENN: Thank you, for being wide awake. Thank you for paying attention. Stu and I were just talking off-air. And he said to me, you know, these aren't long-term plans anymore, or problems.

STU: Yeah.

GLENN: These are happening right now.

STU: It's really scary. I talked to Bryan Reedle (phonetic) from the Manhattan Institute yesterday. Just about the debt. You mentioned it quickly, as one of the problems. And it seems like it's way down the road.

GLENN: It's not.

STU: Yeah. It's not down the road.

The government had an opportunity to lock in our debt, at 1.8 percent long-term.

This is a year ago. Now, Brian, who came on my show, and said this, at the time. Multiple times. Screamed about it. Yelled about it. Nobody listened to him. We didn't -- long-term debt. Instead we basically stayed on the equivalent of an adjustable mortgage, right? Hey, we'll keep it where it is now. We don't need to lock it in.

What if it goes down to 1.5, we would be stupid to get it at 1.8.

So they kept it on adjustable rate mortgages. Now, it's gone up to -- I think, already, 3.8.

GLENN: Couldn't --

STU: And if we know to remind you, for each percentage point, that these rates go up, it costs us $30 trillion over 30 years. So about a trillion dollars a year.

GLENN: For every point.

It's gone up two points.

STU: Already.

GLENN: We've generally been running a budget. Last year, it was $6.8 trillion. But we only take in about 3 trillion, I think. When we're really going gangbusters.

You know, in taxes. We've been spending about 4 trillion every year.

That means, that today, today, just with the interest rates, we have $2 trillion of interest alone.

STU: Yeah. We're not getting anything for that. It's important to understand. We've already spent that money. This is just your rates going up.

GLENN: So half of the money that you pay, for income tax. Half of it, should go to just pay the lien. Just pay the interest on the loan.

STU: Money we've already spent.

GLENN: Correct, years ago.

Maybe even decades ago. So you're $2 trillion.

They're not going to cut our budget by $2 trillion. They're not going to do it. They'll instead, if it's a 4 trillion-dollar budget. And we have $2 trillion on top. We'll just take out another 2 trillion-dollar loan for the interest.

This is how you get to hyperinflation.

We must cut our spending. Time is -- we're at the end of the road, gang. We're at the end of the road. This election is so important.

By the way, you know, I just mentioned this. But I also mentioned the U.S. strategic oil reserves. Try this on for size.

During the Trump administration. Trump had negotiated with U.S. oil producers, to use shale. To fully fill the U.S. strategic petroleum reserve, for $24 a barrel.

Okay? Well, the Democrats went crazy. They blocked that plan. Schumer bragged. And said, you know what, we just blocked a bailout for big oil.

Twenty-four dollars a barrel is what he negotiated. Biden's Green New Deal policies have now effectively blocked all new U.S. oil production and imports since he took office, from the Keystone Pipeline, to issuing fewer new oil releases. To exploratory permits on federal lands.

He's done more than any president has done since World War II, on the wrong direction. He has spent the last month begging OPEC. And especially Saudi Arabia, to keep OPEC production, at all-time highs. Okay?

He went over there. They wouldn't even take his phone call. So he had to actually go over, and grovel. In front of the crown prince.

Now, the crown prince, remember, is the guy who they say, killed that reporter, Khashoggi. And during his campaign, he said, enough of Saudi Arabia. They killed Khashoggi, and that's crime. That's a crime. And we will hold him accountable.

So now he's got to go stand, or kneel, at the feet of that guy. And what did he say? I'm really, really sorry. I'm really, really sorry.

And if you just -- if you would just keep the OPEC production going, I'll grant you diplomatic immunity, from U.S. prosecution, for the murder of Khashoggi.

Wait. What? You could open things up, and you could have the oil here. You could go back to the Trump deal, I'm sure. Twenty-four dollars a barrel for shale oil. You won't do it. So you will go to not only beg at the feet of Saudi Arabia.

But you will offer him immunity. This was one of the big things that the Democrats wanted. How dare Trump. He's not going to do anything about the murder of Khashoggi. Oh, my gosh. He's a murderous animal. And the prince of Saudi Arabia is bad too.

And what does he do? Biden goes over and says, by the way, we won't prosecute you on that. And he this still, not only say no to him. They cut production, by 2 million barrels a day.

STU: It's important to note too, before this trip, they were threatening to cut to it 1 million barrels a day. Then he made this trip. He begged them. He offered them all these things. Then they cut it by 2 million barrels a day. Think about this.

Could there be a more incompetent person than Joe Biden?

I don't know. Maybe he's doing it all on purpose. And he's very competent. I don't know for him

But he is not acting in the best interest of the United States. Or he's not capable of doing it. One of the two.

GLENN: No. If Donald Trump were doing this.

Or if anybody was doing it. Anybody was doing this, six years ago. Wouldn't -- I mean, everybody -- I mean, everybody would be like, whoa. Whoa. Whoa. Whoa.

Wait. You're arresting people who are praying and singing in front of abortion clinics. Okay. Maybe. We're just going to ignore that.

But we wouldn't be going in guns a blazing with an FBI raid, when it locally had been dismissed.

We would -- we would never put up with these gas prices, we would have never put up with -- with Afghanistan. And then the politicizing of our troops. We would never, ever -- no Democrat -- I can't say no Democrat.

No traditional liberal would have ever said, yeah. Double mastectomy for 12-year-olds. I'm good with that. Oh, we have to cut his penis off. Yeah. Sure. He's eight. Why not?

Nobody would say that. No one would say that. And now we're apparently okay with it.

That's interesting.

You trust these people?

And, you know, I -- I made a list today, of the most important races, out there.

And I wanted to talk to you about it, Stu.

Because you might disagree. But I think the most important race out there is the Fetterman/Oz race.

And here's why I say that. Not because I'm a big fan of Oz. I mean, if I lived in Pennsylvania. Yep. I would be voting for him. But not a big fan of him, necessarily.

But what does it say, about the people in Pennsylvania, that they will put a guy in, who is clearly damaged?

I have, you know -- I have great sympathy in my family. My grandfather had a stroke. My daughter had strokes.

I understand strokes. And I have great sympathy.

But I wouldn't have put my grandfather into the Senate.

Okay? I wouldn't do it. I love him. Love my daughter. But if you can't function like he can't, in a quick debate, where there's lots of noise, especially at a time, where the president is saying, yeah. We might be in Armageddon soon.

What time is it now?

This is the most critical time in American history. And the people in Pennsylvania, are even considering Fetterman.

VOICE: Eagles are so much better than the Eagles.

STU: Supposed to be our greatest deliberative body.

GLENN: Yeah. Yeah.

STU: What you know it says to me? It says that we've given up. If they put John Fetterman in. I mean, this is like, we've just -- we've flushed it. We've pulled the plug out of the wall. We're waiting for the heart to stop beating. This is over. We've just given up.

GLENN: We do not have a constitutional republic. That is why this is the most important one. Because it says something about Pennsylvania. And Pennsylvania voters. Really?

You're that apathetic. That uninformed. Or that much just past a republic, that you're like, whatever. It doesn't matter.

STU: Yeah. It's not an ideological submit. In fact, you look at Dr. Oz and if anything, and say, he's not particularly ideological. Right? I mean, he was not -- the guy we talked about as, oh. This is a great conservative voice. We need to make sure that Dr. Oz gets in. Because his positions on taxes are so important.

I mean, he's a good communicator. Obviously, he's had a very accomplished career. And has a lot of things. You can argue on this his side. He's not a guy who you can say, oh, my gosh. We can't put him in, because he's too conservative.

There's no real argument there.

GLENN: No, no.

He should appeal to the middle of the road voter. The middle Democrat.

STU: Yeah.

GLENN: That is like, you know what, I don't want any of the crazies. He should appeal to those people.

STU: And then on the other side, you have a Bernie Sanders supporter. A guy -- a guy who wants to defund the police. A guy who is on the extreme left-wing of the AOC branch of the party. And because he wears a hoodie, and is tall and overweight. We're supposed to just dismiss this.

This is the ideological candidate here. When he can think. All he does is think like Marx.

And we're going to put that guy in the Senate, at this time, when he's not even capable of doing the socialist shtick right now.

GLENN: Now, this -- this should tell you something about the Democratic supporters. He has doubled his fundraising record, this quarter over last quarter.

Doubled his fundraising.

STU: Fetterman?

GLENN: Fetterman?

GLENN: New Jersey from all over the country. So there are Democrats, who are paying attention.

STU: Oh, yeah.

GLENN: And they are sending money to that guy.

STU: Well, if he gets in, he'll be a socialist essentially. So that's obviously, something they want. And you might say, well, how can they want a guy, who is in incapable of really doing anything at this point?

Even walking around and talking, seems very difficult for the guy.

GLENN: Yep.

STU: But, of course, this is why he's getting so much money from the Democrats. They want the seat. They want a socialist in there. And also, they know, he can't campaign on his own.

So everything they're doing, is this sort of spending a fortune, on people -- in their social media team. To come up with new insults for where Dr. Oz used to live.

What kind of platter is he buying at Wegmans? And this is their entire campaign.

GLENN: And it -- and it absolutely shows, that the people who are funding. The people who are really running this show, on the left, do not care about a republic.

You cannot care about a republic. A Democratic republic. Where you -- the people elect somebody who says, this person can speak for me.

You cannot make that case, when the guy cannot speak, because he can barely think.

You -- you don't want that. You want a rubber stamp. That's not a republic. Which one of us hates the Constitution?

Which one of us is the radical? Which one of us is pushing for a new style of America in

And which one of us is saying, this doesn't work. It hasn't worked for a long time. Let's look at the things that do work. Reestablish those. And get rid of all the stuff that doesn't work. Let's use common sense and logic. Oh, I forgot.

There is no logic. There is no common sense. Because in America, there is no longer any truth.

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.

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