Ep 178 | David Sacks: The Banking Crisis Is Even WORSE than You Think | The Glenn Beck Podcast
The Glenn Beck Program
Mercury Radio Arts
4.6 • 25.1K Ratings
🗓️ 25 March 2023
⏱️ 68 minutes
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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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