The One Thing: 3/19

" left but. Here's the one thing. I actually miss something yesterday. And as somebody called me -- a radio program yesterday. During you know around lunchtime and they said -- Why is -- you always say look at the other hand what's the other hand doing everybody's talking about AIG. You know what I didn't know at the time I didn't know until about 3:4 o'clock in the afternoon yesterday. Then I figured it out I've been telling you for weeks don't be distracted by the big news of the day because I think a lot of it is a smoke screen. The Citibank offices of the AIG. Yesterday I fell for it myself while everybody including me was taken sides on the AIG bonuses something. So much more important history happened yesterday. The Fed announced that it is going to pump a trillion dollars into the system by buying debt from our treasury. What does that mean. You know I asked my producers today so why is nobody covering this and they sequence to compact -- nobody really understands this it's hard to explain please America. Please stay with me on this. They have lowered interest rates as far as they can. What happened yesterday is a last ditch effort you know it's it's like to put our entire economy up on the roulette wheel and said yeah. You know what the last -- old kid I'm black seventeen. To put this into perspective. Think of America this way -- and she's like a sick patient. And she's got one of those nasty staph infections you know and the doctors -- colleges give her little -- are airing all clear -- and then they try something else and try something else and pretty soon you're not so. And that's when you open up your eyes and you see everybody you're now in an isolation room there in the hospital they've all got masks and they're hanging a little bag divide the -- like. Although true everything -- one of the little those little -- he's going to ground. They usually you know that -- the last line of defense for antibiotics. Is -- go that's it if it doesn't work your dead. Yesterday about 3 o'clock eastern the last line of defense was hung over the patient called America. But we were all including me too focused on AIG thing all that's scandal. Here's what all of this means. What they did yesterday afternoon he's they started borrowing money from ourselves. To pay ourselves for programs we can't afford. You know it's like I said that's."

" Are you know our death -- and I just like a thousand dollars for Eminem's. Lol glad -- you should be spending that thousand dollars but they really want some Eminem's Glenn okay -- tell you what. I've got the money right here was not actually money would it is you know its that I -- me. So -- I'll give it to you oh my goodness -- think you so much I'm good for really I am. They're moving money from one pocket to another it doesn't work."

" I'll show you why the situation is deathly serious and just a minute the first I want to show you. And -- show you something over here. I asked to the the art department and they are so good. I asked them to show what how much is a trillion dollars because that's what we printed. A trillion dollars. I think we have lost -- on how much a trillion dollars is so here's a hundred dollars we all know -- hundred dollars. There it is 100 dollar bill next 10000 dollars what does that look like stacked up in 100 dollar bills -- it is. Now a hundred. Stacked up in hundred dollar bills it's actually would fit in a big suitcase. Now -- hundred. Million dollars. I -- know why they insist on keeping me so fat but. There I am okay so there's a hundred million dollars. Now let me show you a billion dollars. It was all stacked up that's how bit about the -- your car. This is gonna get ugly this is what one trillion dollars looks like. That's -- Glenn right here. That's a trillion dollars that's how much money yesterday -- Had created. Out of thin air when they said well let me take it out of this pocket in and I -- you you print the money and we'll put it in this pocket. This is why yesterday. In the tying that I was on the air gold shot up fifty dollars the price of gold is up 75 dollars in eighteen hours. After they announce this. Investors of people with money the people that know what this means they're not stupid. They're getting -- of the dollar the dollar deflated and then went down in biggest drop I think it's a third lowest since 1970. Let me explain what this means -- let me play doctor for -- but I'm not gonna talk to like your third grader. And and just thinking that you can't handle anything except a partisan argument. Here's what it is. The argued the antibiotic that we Vista did just gave ourselves a trillion dollars of money that we just manufactured. This it's been tried before. But it is never ever worked in the history of the civilized world. Never. It ends in Zimbabwe. It ends in the -- republic it ends with wheelbarrow full of money for bread. -- this time be different. I don't know maybe we sure hope so now don't we. But we've got to have the guts to make some life changing decisions here we have got to have our government stop. Spending so much money it is -- in America. To you go up peacefully and surround the capital and say hey -- spending money you're destroying the value of our dollar."

" Unthinkable pain."

" Is coming in the short term but I would much rather have that I'd much rather have a depression. Then a depression and a complete collapse of our monetary system and our dollar that's what's happening. We're printing dollars at an alarming."