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The Glenn Beck Program

Ep 178 | David Sacks: The Banking Crisis Is Even WORSE than You Think | The Glenn Beck Podcast

The Glenn Beck Program

Mercury Radio Arts

News Commentary, Politics, News

4.625.1K Ratings

🗓️ 25 March 2023

⏱️ 68 minutes

🧾️ Download transcript

Summary

The world may be on the cusp of a serious banking collapse, but many “experts” in the government are insisting that everything is fine (while also moving us closer to a central bank digital currency). On this episode of "The Glenn Beck Podcast," “The Diversity Myth” author David Sacks warns that the banking crisis is even WORSE than you think. As the co-host of "The All-In Podcast," a founding COO of PayPal, and a venture capitalist, Sacks has seen how our “weird” banking system works up close. He gives clear answers about how we can survive this crisis, including why we must have “NO bailouts for banks.” He also breaks down the biggest questions being asked: Who owns our money? Is a Federal Reserve-controlled CBDC the endgame? Who’s to blame for this banking collapse? How will the everyday American be affected? Glenn and Dave also discuss AI, his friendship with Elon Musk, Biden’s reliable incompetence, whether we’re living in a simulation, whether we’ll end up in a war with China and Russia, and why he thinks we WILL figure out who bombed the Nord Stream pipelines. SPONSORS: My Patriot Supply is the nation’s largest preparedness company, with millions of customers, and right now, when you go to https://MyPatriotSupply.com, you can save $200 on a 3-Month Emergency Food Supply kit! When you buy socks from https://grip6.com/beck, you’re supporting American ranchers and American manufacturers and getting a pair of socks that keep your feet warm in the winter and cool in the summer. "The Glenn Beck Podcast" has partnered with Pre-born to help rescue thousands of babies this year. One ultrasound is just $28. Every tax-deductible donation, big or small, helps to save the unborn. Get involved today by dialing #250 and saying the keyword “BABY” or donate securely at https://preborn.com/GLENN If you're one of the millions of Americans who suffer every day from pain, there is hope, and it comes in the form of Relief Factor. If you want a drug-free and natural way to get your life back, go to https://relieffactor.com or call 1-800-4-RELIEF to get the $19.95 Relief Factor 3-Week QuickStart. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We're filming this episode on the heels of the second largest bank failure in American history.

0:06.2

If that weren't enough, the collapse of Silicon Valley Bank was followed immediately

0:11.2

by the kind of rescue mission that only ever happens for the elites.

0:16.0

In all the talks of T-bills and derivatives, many people find it hard to tell how this SVB situation

0:24.2

will affect every man.

0:26.7

After all, SVB donated roughly $73 million to Black Lives Matter.

0:33.2

Systemic risk is the phrase that we keep hearing over and over and over again.

0:39.1

Systemic is a word that has usually only been used or over used by overeducated leftists who treat

0:47.0

BLM like a religion. Today's guest is an expert in all of these areas. Entrepreneur, investor,

0:55.7

he co-wrote the diversity myth with Peter Teal in 1998 and he's a founding CEO of PayPal,

1:06.3

original members of the so-called PayPal Mafia. Most recently, he has started the Allian

1:14.0

podcast with three friends and it has exploded. People are drawn to the gathering place of economics,

1:20.9

tech, politics, social issues and poker. Three friends who don't always disagree but are still

1:27.8

friends, you know, like America used to be. The notoriously leftist rag slate recently described

1:35.0

the podcast as the infuriating, fascinating safe space for Silicon Valley's money men.

1:42.7

Today's guest is one of those money men. He's what I would call an elite who is also anti-aletus.

1:51.6

He is a big tech entrepreneur with working class ideals inspired partly by his grandfather's

1:58.9

candy factory. Today, welcome David Sacks. Before we get to David, he might be more optimistic on the

2:08.8

banks and these bailouts than I am. If you're one of those people who think, oh, I'll never need

2:14.0

emergency food. I don't think you're paying attention. Every day the headlines get worse and worse

2:20.2

is the unthinkable on the horizon. Well, I don't know, but it pays to prepare. That's why I

2:27.4

seriously urge you urgently to stock up on some emergency food right away. You never know when

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