Conversation between Glenn Beck and Rick Perry
(It’s further down the page than the stuff regarding Madonna)
I’m so thankful Rick Perry is our governor! I’m praying he keeps standing strong and means what he says here!
Another concerning topic on Glenn’s mind is what went on in Cyprus over the weekend. The government is taking 7% to 10% of the savings their citizens currently have in bank accounts, and have shut down their bank accounts until at least Thursday.
“It’s really to send a message that this is not your money,” Glenn said.
“What’s happening over in Europe will eventually come here if we don’t turn the page, and it may come anyway,” Glenn added. “How does somebody how does a state protect to make sure that the people’s money in their banks never fall under this, that they just can’t, they just can’t seizure money or in a state’s case that they just don’t take the money from the state?”
Governor Perry’s belief is that what is happening in Cyprus are just the canaries in the cole mine.
“I will suggest to you that are nothing more than a piece of paper are that may be just about what they’re worth. I mean, if you don’t have physical gold, it’s one of the reasons that, you know, we were in the process in Texas of bringing gold that belongs to the State of Texas back into the state,” the Governor told Glenn.
Governor Perry went on to explain that Texas legislature in the process of bringing the gold they own back to the state. And despite Glenn’s skepticism that it could be done, because of rehypothecation, Perry seemed confident. Rehypothecation is when a bank or other broker-dealer takes the collateral pledged by its clients and reuses that same collateral to cover it’s own borrowing.
“I’ll tell you Mexico they’re [the Federal Reserve] going to turn down. They’ve already turned down Germany at the Federal Reserve, and it’s all because of rehypothecation. When people understand what rehypothecation really means, the game is up. And I’d be surprised if Texas is allowed to get their gold back.”
“If we own it, I will suggest to you that that’s not someone else’s determination whether we can take possession it, bring it back or not,” Gov. Perry responded.
Glenn liked that answer quite a bit.
“This is a very good transition and I know you didn’t mean it this way but I’m going to take it that way because it makes me feel better. There is currently, and you know, a serious and perhaps the biggest and most serious attempt to do this since reconstruction,” Glenn said. ”And when they tried to grab the guns from African American and freedmen, there is a serious attack on guns, you can’t buy ammo, you can’t buy guns, and what’s going to happen if Colorado passes it and it starts to move in that way and the president just says, ‘You know what? It’s moving that way and that’s where we’re going?’”
“Well, I think this gets right back to the conversation and the strong argument that we’ve made for the last couple of years relative to the Tenth Amendment and that our Founding Fathers understood clearly that, you know, there are, there are enumerated powers in our Constitution,” Gov. Perry stated. “It lays them out. It clearly articulates what the federal government is to be involved with and the Tenth Amendment clearly shows that if it is not enumerated, if these powers are not delegated to the United States by the Constitution, then they are reserved for the states or to the people. And that goes right to the heart of a substantial number of these of these arguments.”
He went on to add that if states continue to sign these bills regulating gun manufacturers, they’ll be welcomed into the state of Texas.
“Mag pool I can assure you has already been contacted by the State of Texas inviting them to move their operation here, that they not only will be free to manufacture but they will be welcomed wholeheartedly and look forward to allowing those employees to keep more of what they work for so that they won’t be overtaxed as well as over-regulated in a state like Colorado,” he said.
Glenn added onto the Governors comment about encouraging companies and individuals to move to Texas, asking him to encourage that people be invited to Texas for the freedom, not just the jobs. He noted about progressives moved to Colorado and are changing that landscape. Glenn is afraid that the same thing will begin to happen in Texas.
“We’re recruiting people that truly believe in freedom,” Perry responded. “If they’re takers, if they want government to take care of them from cradle to the grave, they’re going to stay in California. They’re going to stay in states with these rich programs that they take other people’s money and then redistribute it. The people that are coming here are people who still believe in the basis for America, that the freedom from overtaxation and freedom from overregulation, freedom from over-litigation.”
Governor Perry added, “Colorado had, I will suggest to you, too many programs that lured too many people that want government taking care of them rather than believing in the free market system and allowing people the freedom to fail as well as the freedom to succeed.”
It’s safe to say Glenn is much happier to now have Rick Perry as the governor of his state than Gov. Cuomo.
Glen is wrong. The reason for the action was to attempt to save the banking system and thus protect the depositors.
His bias prevents him from seeing the reality