RADIOApril 16, 2025

Trump’s Bombshell Move: Why Harvard’s $2.2B Taxpayer Cash Got Slashed

President Trump has frozen $2.2 billion in taxpayer-funded grants for Harvard University after it refused to stop its DEI initiatives and make other policy changes. But does Harvard even need our money? Glenn explains why he believes the government shouldn’t fund ANY Ivy League school. Plus, he dives into Harvard’s sketchy history that proves the radical protests on its campus are nothing new.

Transcript

Below is a rush transcript that may contain errors

GLENN: So the Trump administration has -- has frozen billions of dollars in federal funding for Harvard.

Because, the Ivy League is refusing to comply to, hey. Let's not let people say, let's kill all the Jews on campus. I don't know.

Seems pretty easy. You know, if you want your money spent, you know, there. Go ahead.

I'm -- I'm really done with the university thing. I'm way past that.

You know, Harvard, you know, you have more money than Jesus.

Okay? And I know, at the time, he didn't have pockets. So he didn't have a lot of money. But the guys who were out there, collecting money for them. Now they have a lot. And you have more!

I'm done bailing your ass out. You don't pay taxes. And I'm still paying for you?

No!

You get no federal money.

STU: Absolutely no reason to be giving Harvard one dime, ever.

GLENN: No. Not a dime.

None of these ivy leagues. No.

Not a single dime.

STU: They have $50 billion in endowment. That they could just milk forever. And let everyone go to the college for free if they wanted to.

GLENN: I think it's more than that.

They should look it up. It's a lot more than that. But these Ivy League schools. There's no reason, that they're paying for them.

None. None.

Why?

Why should we send them a dime? Especially when they're doing the same thing.

Look, this is not new. This whole thing of hating the Jews.

This is exactly what they did in the 1930s. You know, they were -- they were overlooking any kind of anti-Semitism.

And it was all driven by elitism. It was all driven by anti-Semitic thought.

There was even -- you know, they embraced the Nazis. Harvard -- the person that was running Harvard. The Harvard president at the time, James Conant.

You know, he was -- he was keeping ties with the Nazi-controlled universities. And then he brought people in, from the Nazi Party, including a Harvard alumni.

And a Hitler confidant. To canvass in 1934. Well, anti-Nazi students were like, hey, this is a problem. And so what did Harvard do?

Called in the police. Beat the protesters. Protests were suppressed. They tore down the signs.

They arrested the demonstrators. You know, all because they had a Nazi on campus.

And they thought, maybe that's a bad thing.

So also, Harvard, who, by the way, Trump is thinking about defunding.

Thinking?

There should be no thought in that. I'm sure there's no thought in there.

I'm sure he's already went.

I don't have to think about it very long. Cut it!

Anyway, back in the 1830s. Too many Jewish students.

And just too many Jews that are, you know, teaching from all over the world. That are now coming here.

We can't have all this, quote, Jewish thought.

Oh.

Okay.

All right. That sounds -- okay.

Then you have Columbia. They were just as good.

They had Nicholas Murray Butler.

He had the Nazi ambassador on campus. And then did exchanges with the Nazi universities.

And it was great. Because they had all these Nazis on the campus. And they were good for the Jewish population.

They loved it. They loved it. And it -- the Columbia University said, well, you know, we have academic ties.

We're not talking politics.

Okay. Well, they're -- do you know they're gassing the Jews over there know.

And it started with the universities, getting rid of the Jews.

Yeah.

Yale, they were big-time in eugenics. Like Stanford. They were the eugenics leaders. And those guys all had ties with only the best medical people in Germany.

So nothing has changed. Nothing has changed.

This is who they are.

They're the elites. And I say, they're the elites. But not all the elites. Like, they didn't want to hire any of the elite professors. That came from Heidelberg. They're Jewish and out of a job. They're not getting a job out here.

Because they're the wrong kind of elites. We don't want to play golf with them. Or be around them. Or hear any of their Jewish thoughts. This should be a no-brainer on several levels.

Why are we giving Harvard, that is just making money, hand over fist, and putting it into a big endowment, so they can -- they can last forever. They could live off of their endowment forever.

Why are we paying them money?

Why?

I'll tell you why, because we're in bed, with the -- the educational industrial complex.

We're producing people, the government wants produced. That's why.

That's why that's happening, period.

You know, these are the -- these are the same kinds of people that berate in all these operation paper clip people.

When we had -- we win the war, and we find some of the worst of the worst. And we find them over in Germany.

We're like, oh, we have to have that guy. We have to have that guy. Let me give you a couple of them. Herbert Strughold.

He was known as the father of space medicine. Oh. How did he become the father of space medicine?

Well, he oversaw all the experiments at Dachau, where all of the prisoners were subjected to extreme conditions. High altitude. Hey, how high can we fly before somebody pops?

Hey, let's put them outside, pour water on them, and see how long it takes them to freeze.

Or let's just -- just force seawater in them, and see how long they can last, with just seawater?

Okay.

They didn't end well for the patients that were there, but it didn't matter.

You know, Columbia didn't mind because they're all Jews. They're all Jews. So we can get rid of those guys.

So he is -- he's one of the guys that oversaw all of the doctors. He then went to the Air Force School of Aviation for medicine, where he was the guy, here in America that advanced all of our space medicine. He's the guy who said, hey. You know, we did this with Jews. We saw how high you could go, before they popped. Before their heads exploded. You know, what happens to them, if they get really, really super cold. So I kind of know. I have a little expertise in this. So let me design all of the regulations and all of the safety protocols, you know, for Mercury and Apollo. That's it. By the way, he also -- he has an award named after him.

The Strughold Award. This is still being given out. But, you know, don't worry about that. So then you had the Surgeon General of the Third Reich.

He was brought over. He was the guy who supervised all of the medical experiments, including typhus and plague weaponization.

He improved all of the tests, exposing the prisoners to lethal pathogens in camps like Buchenwald. High-ranking SS kind of guy. Don't worry. He just came over, he was doing stuff with our medicine. Kurt Blome came over. He was great. Nazi biological warfare guy. He was the tippy top of that. You know, strangely. All these guys worked at the concentration camps.

I don't know what. I don't know what was going on in those concentration camps, why they were working there. But this guy was working at Auschwitz.

And other camps. And he was just exposing people to all kinds of biological -- he's the guy who came over here, and he helped us make aerosol bioweapons. Isn't that great?

All this guys were academics. All of them were academics. All of this needs to be burned out of our society. All of them!

We should not have any awards named after Nazis. I'm sorry. I'm not a guy for tearing down statues.

I want people to remember who these people are. I want the building, you know, the names of all of the buildings in Stanford. I want the building to remain with those names on it.

Because I want everybody to know. They named them after the worst eugenicist in the world!

Stanford University. And in the meantime, I don't think we pay for any of it. Myself.

I don't think we pay for any of this stuff. They haven't changed. They're exactly the same people. And they keep reintroducing the same pathogen, anti-Semitism.

Over and over and over again.

No. By the way, I don't know if anybody has noticed. They have plenty of money in their pockets.

How much money do we have in our pockets?

Okay? None!

We're borrowing money to give money to people who have all the money.

I don't think so.

I don't think so.

Are we going to give grants, to Bill Gates?

I don't think that would be very smart.

I bet you, we would be doing it.

Wouldn't be real smart, would it? That's what we're doing. So we've got that going for us. Let's see. What else is going?

Oh, while we're here on medicine and Nazis and universities, a transgender activist that was employed as the community navigator for the University of Pittsburgh Medical Center, the Children's Hospital, suggested that women should be allowed to donate their wombs to be transplanted into transgender women, otherwise known as men to allow them to give birth.

Now, I don't think you can just sew those parts in, and it works. You know.

I don't think so.

Might be able to a little bit more complex than that.

But what do I know? I'm not a doctor. Oh, I am a doctor.

No. No.

So Alice and Kathleen Simpson, reportedly made the comments that surfaced in a video on social media.

She said, the possibility of womb transplants was theorized in the trans community.

Yeah. You know when they did this the you first time? 1925.

You know where they did it? Berlin, Germany. Whoa! Wait a minute.

Are you saying all of this sexology and transgenderism, and all that stuff was being done in Berlin, Germany, right before the Nazis took over?

Yes. Honey. That's exactly what I'm saying. That's exactly -- and, you know what, when the Nazis came in, and they decided that this was unacceptable. See, the homosexuals do have gay community.

You do have a reason to fear Nazis. They're not your friends. I don't know why you march for them.

You know, the new Nazis are just the Palestinians. I don't know why you march for them. But you do have a reason to be afraid of Nazis. Because they don't like you very much. And when it got completely out of control and all of the literature about sewing wombs into people were in the schools and the -- the sexology university, I think of Berlin.

All of this stuff was coming from them.
And it went, and it permeated their schools, just like it's doing now. That's when the Nazis came to power.

And so many Christians were like, I -- I can't fight this. It's completely out of control. You know what, these guys will. The first book burnings were all the burnings of the stuff that we're pumping into our society, right now.

So you don't want to grow Nazis.

You might want -- you might not want to be an extremist. And then shut everybody down, who says.

Hey. That's extreme.

Because you produce extremists. The natural consequence is the other side produces extremists.

And then all of us in the middle are like, oh, dear God.

That's what's happening. So it's -- it's good.

She went on social media, and she said. I have these parts. I don't want them. I want you to have them because you need them. What if I gave you my womb?

Well, if you did, he probably would die.

I think his body would reject the womb.

That's what happened to the first guy they tried to sew it into.

In 1929 -- 1925 is when they started putting breasts on him, and everything else.

And in 1929, finally, you know, he got that womb. And they sewed it inside of him. For some reason, the male body rejects a womb. Who would have seen that coming?

And he died, in 1929. But, hey, let's do it again.

Because what did she say? The transgender community has been theorizing about this for a while.
Yeah. Yeah. Since the 1920s.

Not a lot has changed.

Science doesn't change.

Real science doesn't change.

A man will always be a man. All right. Back in just a second.

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GLENN: Ten-second station ID.
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GLENN: I'm going to go to -- I'm going to talk to you about another taxpayer-funded debacle that should go away.

STU: Let down quite a bit.

GLENN: That's PBS and NPR.

Donald Trump is talking about ending the taxpayer funding for that happen.

There's no reason. There is absolutely no reason!

You know, they're violating all of their noncommercial bullcrap.

They're not supposed to be able to talk about the benefits of a certain you product.

They can say, paid for by people just like you.

Like, you know, George Soros foundation.

That's all they could say.

They can't say, the George Soros foundation.

Which specializes in such-and-such. And is making the world a better place.

They can't say that. By law, they can't say that. They've been saying that for years.
And they're making money. Lots and lots of money.

Can we stop giving funding, to people that are already making money?

STU: Yeah. But we did this with Big Bird. Remember when Mitt Romney said something about PBS or something. And they said, they will try to kill Big Bird. And it's like, well, Big Bird, they make billions of dollars a year, just on merchandising.

GLENN: Merchandising.

STU: Right?

They should be able to function with a budget, you know, like other sources.

GLENN: Right. I know we can run TheBlaze on just a fraction of Big Bird plush toys.

STU: Oh, gosh, yes. 100 percent.

GLENN: I don't know why they can't run their whole thing.

STU: And that's the thing. Do you have a list of things? I have a list of things loosely in my head of what the government. We shouldn't even consider spending money by the government, unless you hit certain things.

Like, for example, no one else can do it.

Right? Like the military.

No one else can really do that.

GLENN: Well, they can. But we don't want them to.

STU: We don't want them to.

We expect and will afford ourselves and whatever program is being funded, some level of inefficiency.

Like the military is another good example of this.

Some people would argue, medical research is. Like I'm kind of okay with the government and its military, wasting some money, on some new weapon system that doesn't wind up working out.

I'm like, okay -- I want the DARPA stuff. I want that in that particular category.

GLENN: Yeah, you have to.

STU: So that makes sense. If -- the arts are a great example of what you should never fund. Because, A, people already like doing them. Right?

People do art all the time. They pay to do art. They like doing art.

People enjoy it. You don't need to pay for it by the government, if there is already --

GLENN: You know, I really like Dallas.

I like Texas.

You know, Rick Perry came to the Dallas people, because Boeing rejected moving to Dallas.
Because there weren't enough arts. And he came to the community. And he said, you need to build some stuff. And they did, without any taxpayer funds.

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.

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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