What Does Warren Buffett Know That We Don't Know?! | Guests: AG Andrew Bailey & Carol Roth | 8/5/24
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I don't know, there's a few things going on today.
If you're just waking up after after a long weekend,
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All right, Stu is on a string of never-ending vacations, it seems.
So, Pat
is joining us again.
Uh, and uh, wow, buckle up because this one's a bumpy ride.
Got no room
to compromise.
We gotta stay together
if we're gonna survive.
Stand up straight
and hold the line.
It's a new day, I tell you right.
Welcome to the fusion
of entertainment and enlightenment.
This is the Glenn Beck program.
Hello, America.
Buckle up.
It's going to be a bumpy ride today.
The Dow is down in futures
1,285 points.
That's on 611 points from Friday.
And if you really dare to look and open this jar,
Japan almost collapsed last night.
They closed, or this morning, they closed
down 12.5%.
Biggest since I think 1989, which was the Black Monday on Wall Street.
It could be a very sketchy day today, and there's war popping up all over the world.
Iran may go to war today with
Israel.
They are expecting movement at some time could happen during this live broadcast.
So we'll keep an eye out for you.
There is a lot of stuff going on.
You need to be prepared.
We will go there in 60 seconds.
By the way, don't Pat, don't let me forget, a possible civil war in England now.
Ooh.
Holy cow.
Let me tell you about the Berna launcher.
You know,
we all want to be John Wayne sometimes and blow the bad guy away in the gunfight, you know,
and just, you know, blow him away and he's really, really bad.
And so you shoot him and he goes through the saloon window.
Wouldn't that be fun?
It doesn't happen that way.
It doesn't happen that way.
And it's not really fun.
If you shoot a gun at another person, you're most likely going to change your life for the next couple of years and it may be longer.
And of course, you may kill somebody.
If you're willing to do that in certain situations, fine, because I am.
If you're worried about the situations and you're like,
this isn't, I don't want to kill him.
You don't shoot to wound.
You have a burn a launcher.
A burn a launcher is something that is less than lethal,
but it will will incapacitate an attacker or a bad guy for up to 40 minutes.
It's not pepper spray.
It's full-fledged tear gas.
Also, they have a high-capacity Mission 4 rifle with maximum projectile speed.
It's back in stock and ready to ship.
These guys are Second Amendment guys that build this.
They build it in Fort Wayne, Indiana, but they know also you have to have some options.
Please, my family has one.
Every member of my family has one.
dot com slash Glenn.
That's Berna.com slash Glenn.
So we've got to get to the possible civil war in Great Britain.
That is
what's happening in Great Britain is coming here.
It is coming here.
What is happening in Great Britain right now is
exactly what I laid out for you as the Bubba effect.
I'll get into that here in just a few minutes.
First, let me tell you about what is happening with the stock market.
Friday, we had a bad jobs report.
We're still not in a recession.
Indicators are showing that we're headed towards one,
but
the indicators have been wrong before.
We are headed towards one.
We're headed for a depression at some point.
I just don't know when.
And we're headed for a massive global collapse.
Again, I just don't know when.
Nobody does.
That's why I ask you, please be prepared and please take my
look.
I'm not an expert in anything.
Nothing.
I'm a
former
DJ
that is a recovering alcoholic and I'm a self-educated man.
So take everything that you that I say with a grain of salt.
I want you, I need you to do your own homework.
I hope, honestly, this hasn't happened yet, but I honestly hope that you do your homework and you find out, wait a minute, Glenn, you're missing this.
And you show that I'm wrong because I want to be wrong.
But it is coming.
And we are in the birth pangs
of
the future.
We are giving birth right now to the future.
A baby is coming out and
I don't think we're going to like it.
I think it's one of the one of those babies that comes out and is like, hey, mom and dad,
you know, and guarded by Rottweilers.
But
we're approaching something.
And our Dow is down almost 1,200 points in futures.
The reason why this is so important is because
it's not alone.
Friday, bad jobs numbers, we were down 611 points.
That's a pretty big fall.
This morning, before we even open up, we're down almost 1,200 points.
You know, that's almost 2,000 points in two days.
But in Japan, stocks were wiped out.
This happened while you were asleep.
The Nikkei 225 is falling 12.5%.
That is the biggest single day decline since Black Monday's collapse of 19, what, 89 or 87, I think it was.
Also, if you read any financial news over the weekend, you saw that Warren Buffett is selling
like everything.
He is having the biggest fire sale he's ever had.
He's never sold stocks, dumped stocks like he's dumping them right now.
That's what happened to Apple a couple of weeks ago.
He said, Yeah, I don't really feel comfortable with Apple.
I'm going to sell.
But what we didn't know until he had to file is he's selling everything
and
holding on just to the creme de la creme.
What does Warren Buffett know that we don't know?
Nothing.
The difference between Warren Buffett and you and me is he trusts his gut.
He trusts what he reads.
And he doesn't wait for other people to verify.
His team verifies and he trusts his team.
I guess the words of my grandfather keep ringing in my head.
If we only knew what the rich people knew
before the Great Depression,
we would have been fine.
Well, what are the rich people doing?
doing?
Also, China found out this weekend, they are buying, I think it was 50 tons of gold more
than they said they did.
They said they stopped buying gold, but now some sleuths have gone out there and looked because something wasn't right.
And
all this gold was being shipped over to China and they realized, my gosh, the China is still buying it.
They're telling people they're not to try to keep the price down.
So, what are the rich people doing?
What are the people in the know doing?
The VIX, which is the volatility,
something that's really important if you watch stocks,
but it's just important for you to know.
And this is off the top of my head.
In 2008, the VIX, the index of volatility, how volatile are things right now?
Was it, I think, 47
in 2008.
In COVID, it was like 56.
And it's currently on a scale of 1 to 100, 65.
So that is an alarm bell that people watch and say,
what kind of, what's the weather forecast?
What's the VIX say?
Are we headed towards really choppy seas?
Yeah, more according to the VIX, according to them, more than 2008 or COVID.
Intel just announced they're cutting 15,000 jobs or 15% of its workforce.
Now,
let me go and switch topics.
to England.
What you're seeing in England
is
a look-see into the things that are to come here in America.
What's been happening in England?
Well, for a long time, this is why Brexit happened.
And by the way, I don't think you're going to hear this analysis with
other people.
So take it for what it's worth.
But as I read it,
Brexit happened
in a way we can relate to.
Brexit happened because people were tired of being told by bureaucrats that they never elected what they had to do, how they were going to live their life.
And those same bureaucrats said, and you know what?
I mean, it's not that cool to be British.
I mean, you've got a really bad past,
Great Britain, and so
I wouldn't be so proud.
In fact,
don't fly your flag.
You should fly the European flag.
Okay.
People didn't like that.
They want to have their own control.
Then, on top of that, you had wild,
unfettered immigration.
Do either of these sound familiar to you?
So they had wild, unfettered immigration.
At the same time, they built on top of a house of cards where they said they were taking Islamic terrorism seriously, but then they opened the borders and the police never took them seriously.
It was never taken seriously.
You could chop a guy's head off in the streets of England and what would people say?
Well, your officials would say, we got it under control.
It was just a misunderstanding.
It didn't have anything to do with anything.
It is nothing to see here.
Go back to your homes.
Nothing to worry about.
Kids were being kidnapped by Islamic rings.
And they were being sexually abused.
And the police denied it, denied it, denied it.
Then when it couldn't be denied anymore, they did a little bit, very little bit, but then Everybody in the neighborhood that was standing up, they were deemed the bad guy.
so this is the Bubba effect
three girls in a dance class just cute cute little girls in a dance class
17 year old kid comes in and stabs the three girls now
he has a Somalian name
So everybody just assumed he was an immigrant.
He's not an immigrant.
Bubba effect.
Bubba effect.
Remember what that was?
I told you that in 2000, I don't know, four,
I was talking to special forces.
And I said, what is the thing that you are most concerned about?
And they said, the Bubba effect.
What is that?
When the government has lost all of its credibility, and for instance, they say we're serious about terror.
And they're not.
And
people keep pointing it out and the government doesn't respond.
And then
something bad happens.
And Bubba, not really knowing anything about world religions or whatever, will walk into a convenience store and he'll shoot a Sikh because he's got a turban and he doesn't know.
He'll shoot a Sikh.
And it's you people.
And everybody will know that's wrong.
But when the federal government comes in, the people will stand up and say, hey,
we'll deal with Baba.
We know he was wrong.
But he was acting because you refused to act.
You are the problem.
That's what's happened here.
They were wrong.
And then on top of that, you have inside and outside nefarious forces.
You have people who are
white skinhead Nazis.
You have people who are
Islamicists.
You have people who are just power hungry.
You have people who just want to see the world burn.
And they're all on social media.
And what is the government doing?
The government is blaming everything on the right and
social media, which will only make things worse
because the forgotten man is not a neo-Nazi.
The forgotten man is just the guy who loves his country, has gone to work every day, seems to be forgotten, seems to be left behind.
Nobody ever seems to talk about him unless it's to blame him for something that he had nothing to do with.
And of course, everybody's lining up to quash freedom of speech.
They don't have it like like we have it here in America.
They already have speech laws.
They're now talking about shutting everybody up.
That won't make things better.
It will make things worse.
A civil war in Great Britain.
In a few minutes, we'll tell you exactly what is also happening in Israel with Iran and how Russia is now helping an enemy of the United States.
We'll do that here in just a couple of minutes first.
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10 seconds, station ID.
For anybody old enough to remember, I believe Stu has become Johnny Carson.
He's never working.
He seems to always be on vacation.
And always sitting in for him is Mr.
Pat Gray as usual.
Hello, Pat.
I guess somebody cares about the show, right?
Which is.
Yeah.
It's really just you.
It's pretty much.
Just you and me.
Yeah.
You and me.
Yeah.
Thanks for coming in again.
Yeah.
I know this is double duty for you.
So
how are you feeling?
You just finished your show.
Oh, I feel great.
I think things are going perfectly, don't you?
Yeah.
Oh, yeah.
Nothing to worry about.
Yeah.
Nothing to worry about.
I was in L.A.
this weekend, unfortunately.
This is my first time in California in how many years.
Oh, man.
I don't like it.
Anyway,
I was in LA this weekend doing some business, and
I didn't walk away with a good feeling.
Now, it is California, but there are so many people that are
just convinced that Kamala solves the problem yeah they they don't they won't even look at how radical she is
if she becomes our president we are in deep deep socialist trouble You think the economy is bad now?
This is like putting Chavez or Maduro in.
She is as left as that.
And everybody is, at least in California that I talk to, they're still just enamored with anybody but Donald Trump.
And it's like, no, guys, you know, voting for the enemy of the person and just blindly doing it is a very bad job.
You must examine their record as well.
And people forget that in 2019, she was the most liberal, the most progressive senator in the United States of America.
Beyond
Bernie Sanders, beyond Elizabeth Warren.
She's the worst possible choice for president.
Worst possible.
And the Democrats knew that.
I mean, that's why nobody voted for her.
Right.
Nobody voted for her.
And I'm growing more and more convinced this was a brilliant move by the Democrats, by the radical left in the Democratic Party.
They got her to be vice president because there's no way America would ever vote for her so she could become the vice president.
And at this point, because Donald Trump is so
unpopular with the left, she's only a point and a point and a half behind him.
Yeah, and a left.
That's insanity.
She's actually leading in quite a few polls.
You know, despite her radicalism,
this is a person for abortion on
it.
The border disaster that she's overseen, she wants to ban fracking and offshore drilling.
She claims she doesn't want to ban fracking, but she was all about it just four years ago.
She wanted to abolish the filibuster.
She also is all for not only the filibuster, but the Supreme Court.
She's also for a guaranteed jobs program.
That's the Soviet Union.
I mean, you can't get any more left than that.
It's really, really not good.
Nationalized health care.
She wants the government to take it over.
Now, she said recently, but in 2020, when she was running, and this is who she is.
This is what she believes.
She's moderating because she has to now, but this is what she believes.
Government needs a wholesale takeover of medicine.
Glenn Beck.
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Get it at glennback.com or wherever books are sold.
Welcome to the Glenn Beck program.
I have to tell you, I really wish I could put you in my headspace right now.
It's almost like there's a hedge of protection on my headspace right now because the news that is coming out is really, really dark and we're getting closer to something.
And I don't think we're going to like it.
The Dow is way down.
Japan was almost wiped out, 12.5%.
They had to close the trading floor for a while in Japan.
And that is happening in Europe and now coming here.
We had bad job numbers, lots of layoffs.
Intel laid off this morning, 15,000 jobs.
Looks like Chevron is moving to Texas from California.
They just can't take California anymore.
And there's riots on the streets of
the UK.
And I want to get back into this story a little later on in the program.
But it is
rage bait that is going on.
And
people are now saying, Elon Musk said this weekend that civil war is inevitable in the UK.
But we also have some news.
Today, it looks like Iran is planning on attacking Israel.
They announced this over the weekend.
Speculation was that it would happen sometime today.
Remember,
it's late in the afternoon in the Middle East now on Monday.
And so, you know, usually if things happen, they happen by the time this show is over.
It's usually started.
So we're watching that closely.
Jason Buttrill is with us.
He is our chief researcher, also head of watching over all global affairs on the program when it comes to war.
He is a former
military intelligence and is here to tell us exactly what we're expecting.
Let's start with Iran, Jason.
Hey, Glenn, how are you doing?
I'm actually surprised it hasn't happened yet.
We were getting word that it was supposed to kick off sometime over the weekend.
I think
the biggest takeaway here is that there is going to be a response.
Pretty much everyone expects it.
It sounds like the Israeli intelligence and military is expecting it very imminently.
There's a
carrier battle group that's on its way from the U.S.
to the region to support if anything should kick off.
We know something's going to kick off.
The question now is just how badly it's going to.
And this is only the beginning
stages of this larger regional war.
And I'm going to go ahead and say that.
I do believe this is going to be a regional war with multiple people, countries involved.
And it's going to mirror the regional war that's already going on in Eastern Europe.
And that sounds kind of interesting, doesn't it, Glenn?
Regional wars breaking out everywhere, and we're expected to respond to every single one of them.
How's that supposed to happen?
Okay, so the Mediterranean is the Sixth Fleet, right?
That sounds correct.
I don't remember.
I think it's the Sixth Fleet.
You know, I'm sorry if I'm mistaken, but what I want to know is, is this...
carrier group that's going out in addition to what we usually send in the sixth fleet that's always there is this is this a replacement or is this an addition because that's a huge addition I'm fairly positive but I'm gonna double check that this is in addition to what's already going out there there it's already it's pretty significant isn't it yeah it's significant especially carrier battle group yeah um and it's it's especially significant when you think about all the different theaters that we're we're we're guarding against right now and i got to tell you glenn looking at the state of the economy looking at our adversaries what they're trying to do with the economy with you know organizations like BRICS.
They're also the same people that are opposing us in Eastern Europe right now.
You've got, can I say it?
And Israel.
And Israel.
Can I say it?
Cascading protest movements that are going all the way through Europe and heading towards our own doorstep.
I mean,
yeah, right?
And then, did I read that?
And then what the Brett said.
Is that where it was?
Yeah.
Yeah, that's where I think I got it.
Yeah, sure.
And then after it cascades, it comes to the United States and all of our enemies look at the West and say, now, now, now.
And that's exactly what's happening.
If you look at what's happening
in the Middle East with the Houthis, those are funded by Iran.
But now who's just been spotted on the ground and been
announcing that they are providing
military advice, at least, that's Russia.
Russia is now assisting the Houthis.
So this is becoming a global war, whether we like it or not.
It will.
Yeah, when everyone that always analyzes this, they always say, oh, BRICS will never, you know, out, you know, dominate the dollar, you know, as the global reserve countries.
They'll never do it.
You know, they'll never challenge the United States one-on-one, blah, blah.
You know, the United States is too powerful.
Agreed, one-on-one.
But that's not what's being built here.
I got to tell you, when I was looking at all this information all together in sum, I kept thinking about, you know, the Paul the famous Paul Harvey monologue, you know, if I were the devil, what would I do to make change?
And I'm not saying they're the devil, but I am saying that look at everything together and connect all the dots.
Who are the players involved in every single theater?
Who are the ones?
Who are the ones sowing discord that is cascading all over the world?
Who are the ones?
Look at the places that haven't blown up yet, but are on the cusp of it.
it you look at taiwan you look at north korea um that bricks unit is involved in every single one of those you cannot destroy the united states or defeat her one-on-one we are too powerful but taken together with all the different countries that they are building by the way and ignited all at the same time what happens
i i don't know the answer to that because we've never been there but we're going in that direction and the people that are running this country are driving us there in a cadillac
i will tell you you
what happens if it's World War II, America wins because World War II, America was united.
And we all came together to fight against evil.
That will not happen this time.
We are too divided
and the government has made so many mistakes.
I'm really very concerned about England because England is is the Baba effect.
We don't even know the facts, and that's another problem, but we don't even know the facts of what really happened that started all of this stuff.
They haven't figured out this kid from last week.
They still don't know, well, is he Muslim?
Is he not Muslim?
You know, how is he raped?
We don't know any of that.
But people are all assuming that this was a Muslim
immigrant.
It wasn't.
He was born in England.
He's English.
But the facts don't matter anymore because it appears as though the government is lying to the people in Great Britain.
And so they've had enough.
And then you have outside forces, dare I say it, like Russia again,
and the influence of those we have spoken about many times on this program that want the West to collapse and are sowing this
really demonic seed in not only England and France and all of Europe, but here in America as well.
Unless we get transparency,
we're in trouble.
Unless somebody stands up and says, you know what, I'm going to open up all the books on this.
I mean,
the arguments that I'm hearing now
that
Kamala is just so great
when this whole thing has been undemocratic from the beginning and nobody's really looking at her record and everybody is saying, you know, well, Donald Trump, he's a bad guy.
Where?
On what?
On what?
I said to somebody this weekend, you know, this has been the,
this is the one time
that you can look at a politician, and I think they're all dirty, but I lived in New York City.
Pat, you remember this.
We used to drive by the Trump apartments and hotels on the Eastside Highway.
And he was building like five of them and including, you know, digging under the highway.
And he built five.
in the same time the city took to build one small building right across the street from them.
And I would have said to you six years ago, eight years ago, the guy is dirty as hell.
He's got to be because you can't, how is it he can get the unions to do everything he wants them to do?
How is it he can build five buildings to every one that everybody else builds?
Well, I don't know, but he's the most investigated man, I believe, in human history.
And they've never found anything like that.
And nobody will listen.
Nobody will listen to that.
Nobody will listen and say, you know, they've just been trained Trump bad.
And if you're comparing, you know,
anyone to Hitler, I mean, Charles Manson could look good.
Well, he only killed a few.
Yeah, and he's got the Nazi, you know, the swastika carved in his forehead, but he's not telling everybody to hang banners on off of every building.
You know, hello.
So they give you the worst possible look at somebody and somebody who actually loves America
and
here we stand with everything in open flame.
Jason, what are you expecting to happen
today,
either in England?
Or do you agree with Elon Musk that he says civil war is inevitable in England?
Well, I mean, you got to think that, I mean, what's happening in England, I feel like, could be copied in multiple different Western countries because the behavior is exactly the same.
You talk about the non-transparency.
Let's just look at that for just a second and how that fuels this.
If you look on any major mainstream outlet
over in Europe or here, all you see is the same headline.
Far-right protests or rioters, you know, truth is, you know,
based off of misinformation.
You know, like...
Misinformation, disinformation, or malinformation from social media.
Right.
And then they won't even talk about, you know, the person that did this attack.
They'll say, oh, but it's not an immigrant.
Well, we know his parents are from Rwanda.
Well, we know that.
Were they illegal?
Do they talk about that at all?
Because I guarantee you that the people that are out protesting in the street, the point is exactly the same.
Like, this is a crisis of the government's creation.
But
I think you are giving too much credit to, look, they can be completely completely wrong.
These people were from Rwanda.
Maybe they came there legally and they've been great citizens and their kid is a great citizen.
It has nothing to do with them or the kid.
This is the frustration of the English people saying, my government is not listening to us.
That's the Bubba effect.
We know he's wrong on that.
We know.
But that's not the issue.
The issue is you've been lying to us for too long.
So we'll take care of Bubba.
You back off.
That's the Bubba effect.
And I think that's what's happening.
Okay, back in just a second.
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You're listening to the Glenn Beck program.
This is the Glenn Beck program, back with Jason Battril.
Jason, the
The worst case scenario in
Iran, they say this one is, this attack is going to be unexpected and unlike anything the world has seen.
They said it's a new something.
I don't remember exactly how they said it, but it reminded me of one thing.
I'd like to get your opinion.
What do you think is coming?
I think that a similar attack involving a massive amount of drones and rockets is probable.
I think the addition of non-traditional warfare
armaments like those EMP electromagnetic pulse type weapons, I know, from that can be launched from like artillery or drones or rockets as well to knock out because Israel know they have that.
Well, I mean, we don't know for a fact, but Hezbollah has claimed that they have gotten them.
So that would not surprise me at all.
Those weapons have been around since probably the 80s, so we know they're out there.
They just are rarely used.
I think we use them in Kosovo.
We've used them a few times, but think about Israel's ability to respond to a massive wave coming from the Houthis, coming from Hezbollah, Hamas,
Iran, and
herself.
And then with all of their electronic superiority knocked out,
yeah, we're looking at a much different battlefield for sure.
I will tell you, I think, I was thinking about this this weekend, that
I think we're in the same place we were at the end of World War I.
and the end of World War II.
New things are being, or at the beginning of World War II, new things are being invented, horses instead of tanks, or tanks instead of horses,
airplanes.
It changed the battlefield.
And I really feel like our big, huge aircraft carriers and everything else, I think those are a thing of the past in warfare.
I think we could be overwhelmed quickly.
And I think China, for one, knows that.
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Oh, oh, oh,
stay the train
and hold the line.
It's a new day, a time to rain.
Welcome to the fusion
of entertainment
and enlightenment.
and enlightenment.
This is the Glen Beck Program.
Hello, America.
Welcome to the Glen Beck Program.
We are going to talk about what is happening in the stock market today.
We are on the edge of a very, very
big abyss.
And I hope we don't fall into it at this moment.
But some things are happening and you need to be very well aware of them.
And we'll go there with Carol Roth in just about 60 60 seconds.
Speaking of the economy, it is, it's just, it's crimes of mismanagement at this point.
It is impossible to keep track of everything that they are doing that is just absolutely suicidal.
But you can draw a chalk outline around the U.S.
dollar and set up the police tape.
There's been a murder here.
Maybe after this next election, things can start to get better.
Nobody hopes that that will happen more than you and I do, but you cannot count on that.
We are in a cycle where weak men have created hard times, and it remains to be seen if we can pull out of this nosedive and become strong men.
You need to protect yourself and your family from the difficult spots ahead.
You need to build a hedge against economic insanity.
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All right, Carol Roth, welcome to the program.
Glenn, you have to promise me that one day you'll bring me on here to talk about good news.
We'll talk about ice cream.
We'll talk about puppy dogs.
I feel like your audience, every time they see me, like, oh, no, Carol Roth is back again.
I know.
I tell you, Carol, I was just thinking the same thing.
You know, we never talk when it's good times.
The stock market
now, I have lots of questions.
Can you just give me the update on what's happened around the world and then with the opening bell with the stock market?
So last week, obviously, we saw some selling off in the stock market.
It started with a repricing of the quote-unquote magnificent seven tech stocks that had been driving up the market, taking everything else up with them.
And
I think there was an awakening that, oh, in order for AI to be a thesis, companies are going to actually have to spend a lot of money.
And that started kind of things
a few weeks ago moving.
Then in the middle of last week, we had the Fed who did not rate or excuse me, did not lower rates, but did signal that that could be on the table for September.
And, you know, normally you would say, okay, the market wants the Fed to cut rates.
But what happened is then we got a weak job report on Friday.
And while sometimes, you know, the bad news can be good news for the market, in this case, they took it as bad news that the potentially the Fed was behind the curve in terms of lowering rates
and that
they felt like maybe this whole idea of a quote-unquote soft landing, the idea that you can get the economy and inflation down without wrecking the economy is off the table.
Then, while all of this is going on, you have the Bank of Japan last week that decided to do the opposite of the Fed.
They have been in 17 years of basically negative or zero interest rates.
So their normalization is going in the other direction.
They've been trying to raise rates.
They did so for the first time in 17 years, about four months ago.
And then they decided because the yen,
you know, the yen against the dollar, they needed to fix that, that they were going to go ahead and raise their rates.
And unfortunately, they did not thread the needle perfectly on that.
And that created implications for their markets.
So when Japan opened, you know, last night our time,
their time in the morning, they saw this massive, massive sell-off.
And what happens sometimes when you get these massive sell-offs are these unwinding of trades.
Because they have had zero to negative interest rates, you get a lot of people borrowing.
Those people who borrow make bets on the yen and on stocks, both in Japan and in the US.
And then they get the margin calls, and then they end up having to sell, and that
begets more margin calls.
So you saw the Japanese Nikkei go down 12.5%
in one day.
It was their single worst day since 1987, that Black Monday day.
So now, as the market has opened here in the United States, there's anticipation of do we get, how much blowback do we get, especially since we we had seen some weakness last week.
And, you know, obviously things are going to shift during the trading day as we talk along here.
So this is kind of real time, but the market opened up down pretty significantly depending on the index, somewhere between three and almost 5%.
And we have seen that come off a little bit as we're talking real time.
I think that is, if there's any silver lining here, it's not that it opened and then it continued to fall and continued to fall.
There was a little bit of support there.
But still, you know, as we're talking, we're still seeing the Dow down almost 3%, the NASDAQ down almost 4%.
So it is definitely an ugly day across the market.
So how much of this has to do with technology?
I mean, Nvidia, which was the darling just, I don't know, a month ago, everybody's like, you gotta get Nvidia.
And maybe that's, you know, that's greed talking and that's why you shouldn't buy NVIDIA when everyone is saying that.
But they're down almost 10% today.
That's down 23% from their high.
I think like a month ago.
Artificial intelligence stocks are down.
Tesla is down.
Super microcomputer down 9%.
Is this just...
Everybody down?
And why are the tech stocks down?
Were they just too high?
Do you know?
Yeah, so this is a bit of a repricing in tech.
Um, and let's put this in perspective.
So, the NASDAQ, which is very tech-heavy, is sort of a good proxy for what's going on in the tech market.
The 52-week week range, the low point of within the last year of where the NASDAQ has been, was $12,544.
We're still today at over 16,000.
So, over the last 52 52 weeks, we still have these massive gains.
It got as high as 18,671.
And I think that's part of the catalyst here.
I mean, these prices, this quote-unquote bubble was not sustainable.
A lot of people were talking about that and the fact that, you know, we see this over-exuberance in tech all the time.
You know, first it was, you know, Web3 and Internet of Things and the metaverse, and now it's AI.
And And all of those theses have eventually come back down to reality.
I'm not sure we're in reality yet.
But as you have companies talking about their earnings and talking about the spend, I think there was just this insanity amongst investors that they felt like AI was just going to take off without looking at the cost side.
And as companies are coming out and talking about, oh, here's how much capital we're going to have to deploy in order for this AI thesis to really work out the way that it has?
I think the market went, okay, maybe we're not, you know, pricing this correctly.
So I think that's part of it.
Another catalyst that we've seen is Warren Buffett
noted that he had lessened his position in Apple by about 49%.
And obviously,
that's not lessening.
That's not lessening.
That's cutting it in half.
That's significant.
Cutting it in half.
What does
And he's doing this with a lot of his holdings,
if I understand right.
He's making some of the biggest sales he's ever made.
It's almost as if he's becoming bullish on America.
And
what does he know that we don't know again?
This is a good question.
And it's funny that we're having this discussion today, because if you go through his shareholder letter, you know, his other one of his other really big bets that he talks talks about in the shareholder letter is starting in 2019, he doubled down on Japan.
So he has five really big companies and really big positions in Japan.
So the day that we're talking about Japan going down and at the same time, the US is going down, obviously, Warren Buffett was not a catalyst for both of those things
because he's still, as far as we know,
still bullish on the Japanese trade.
But it is interesting.
I mean, he has this massive cash pile.
I mean, $276 billion, I think it is, which is just almost impossible to deploy.
I mean, to think about how, you know, as an investor, do you even think about putting that to work and getting the appropriate returns?
So I don't know.
There could be several catalysts.
This is all very much speculation because we have not heard from Warren at this point.
I don't know if this is a signal where he felt like, hey, tech is just getting, you know, so frothy, this is a really good time for me to take profits.
Maybe a little bit of taking profits ahead of the election, a worry about an increase in capital gains, perhaps, under a potential new administration.
Although I don't think that he would have sold
half of the position because of that, but one never knows.
And yeah, just repositioning his portfolio.
But certainly,
given the fact that he is lauded as the best investor of all time, when he does things, people have concern.
And the fact that, you know, whether it's Bank of America or it's Apple or some of his other positions, you know, adds the fact that he is going to cash,
certainly I would imagine on the retail side and probably on the institutional side to some extent has an impact in terms of people's behavior.
All right.
So
two things that
are protection against these
have gone down.
And you would think that they should have gone up.
But my guess is gold and
Bitcoin have both gone down.
Gold just a little bit and Bitcoin about $10,000.
And
I'm guessing that's because when the market crashes,
people with portfolios that have taken out money and borrowed money to buy it, they get a margin call and they got to sell something.
So it's a good time to buy Bitcoin and gold, I would imagine.
Yeah, so that's my thesis as well, as that you would think, particularly as the yields on the tenure are coming down, that you would see gold going up.
And certainly gold has also been on quite a run for some time.
But I have that same feeling that in this insanity, when you're getting these margin calls because everything everything else is kind of falling apart, you're looking at what it is in your portfolio that you can sell and a likely scenario is something that has done well for you that maybe you feel okay taking some profits on.
So that could be gold, that could be Bitcoin and the like.
Something else that may weigh in just a tiny bit is that we've seen China also pause its gold purchase purchases.
China, biggest buyer of gold for 2023, they took a pause in May and June, although they have signaled that they are going to continue to buy, but just based on pricing, they wanted to see where the price was going to settle out.
That's at least the buzz around
their thinking.
And so perhaps without them actually.
I understood that they did not stop, that they said they were stopping.
but they actually were still buying it.
That's what I read this weekend.
Did you read that?
So, you know, I'm going off of the World Gold Council.
So, you know, it is certainly possible that
they could still be purchasing it.
But that was sort of there.
And again, this is, you have to remember the timing difference is that the reports are for May and June.
We also had July.
So it could be the July that they picked back up again.
So all these things could be weighing in a little bit.
But again, I'm going to look at my screen right now because I'm trying to get all this real time.
You know, you still have gold up well over the 2400 level.
I remember
last year, Glenn, when we were like, oh, is gold going to break 2,000?
We think that it is.
And now here we are talking about it at the levels of 2,400 or 2,500.
But I think if we take a step back and think about the implications of
what this could mean.
If we're talking about, whether it's with the indications coming from the jobs report and the Fed that there might be some cracks in the economy.
If there is continued weakness in the market, there ends up being a bit of a self-fulfilling prophecy.
There's something called the wealth effect.
And when people's portfolios are doing really well, they feel confident to make more purchases and to
go out and spend.
And when they come back down, even though we're still, you know, they've still done quite well and they're still, you know, still ahead,
they start feeling, wow, maybe i don't have this bandwidth the people who've had assets are the ones who've been keeping the consumer spending afloat so if those people all of a sudden feel like
i don't know if i should be you know spending the same way that i have that could impact the economy Then what does that mean?
Well, then you have, if the economy's down and stock market's down, you have fewer receipts for the federal government, who is still planning to run this year a $2 trillion deficit, which means that deficit could increase both from a nominal value standpoint as well as a percentage of GDP.
And that, in and of itself, could lead to more debt modernization and to more inflation.
So, you know, you have to kind of play this out.
Yeah, I know we're getting a little wonky here.
No, no, no, no, no, no.
It's not that at all.
I just have to take a break.
And I want to ask you one more question before you go.
So let me ask it now and then get your answer on the other side.
It looks like the Russians are involved in the Houthis.
Things are going unstable in the Middle East.
Iran is looking at
hitting Israel.
The speculation is it could happen by tonight.
We have all of that stuff going on.
And then a new possible Harris administration.
What does that mean to the economy?
What would that
look like?
We'll talk to you in just a second.
Give me 60 seconds back with Carol Roth.
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10 seconds, station ID.
Okay, so we have war on the horizon in the Middle East, and oil has gone down.
That means that most people who are betting on oil think that there's going to be less need for it because the economy is going to be going down.
And then we have a possible Harris administration, the most liberal woman to ever be close to the Oval Office.
She was the most liberal senator in the history of the United States, and she could be our next president.
What would that mean
to our economy?
Carol.
So you're back with me.
Okay.
So I think that whoever the president may be, they're going to have an awfully challenging time.
And the signal was floated, I think we talked about this, Glenn, a few weeks ago, by these quote-unquote, you know, very famous economists who said that a Trump administration would cause an inflation bomb.
And I think the reason they said that is because they know that one is likely coming either way, again, based on the debt deficits.
And to the extent that we see
a decrease in the market in the economy, that could end up making that worse.
So they're setting the table that things aren't going to go well.
And to the extent that Donald Trump wins, they want to be able to say, I told you so.
So that is a signal to me that there is concern either way.
I think that when you're in a time where things are, you know, kind of
chugging along, the market's going to do what the market's going to do.
It's sort of disconnected from the economy.
But given the fact that we are now late in the game, that we've kind of had several years of these rate hikes and the like, and things that are trying to get back to normal have very different benchmarks after 15 years of zero interest rate policy.
after the COVID mandate, after all of the insane Biden administration mandates and decisions that they've made, the fact that you have a new puppet in there, you still have the same puppet masters.
You still have the same people behind Kamala that you do behind Joe.
And now they feel like, okay, we have more time to be able to affect these insane policies.
And whether it's
desperation because they potentially are taking in less revenue, getting less from the stock market, trying to do more capital gains, there's nothing that they're going to do that is going to end up benefiting the economy or mainstream Americans.
Carol Roth, as always, thank you so much.
Appreciate it.
Carol Roth, the author of You Will Own Nothing, she's a former investment banker, and you can follow her at CarolRoth.com/slash news.
Carol Roth.com/slash news.
Glenn Beck.
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On October 7th, Hirsch Goldberg-Poland was kidnapped by Hamas, taken into Gaza on October 7th, and it wasn't until day 201
that his parents had proof of life.
That's when Hamas released a hostage video of her son.
He was pale.
He looked agitated.
He appeared to have bruises on his forehead.
And he gestured with the stump of his left arm which was blown off in the October 7th attack.
Can you imagine seeing your child like that the first time after 201 days?
Since this time, Rachel has really become kind of the face of the hostage crisis.
She has spoken twice at the United Nations.
She's met with dozens of world leaders and executives.
She's given countless interviews.
She had an audience with the Pope and she's now on our program.
Welcome, Rachel, to day 304.
Thank you, Glenn.
Thank you so much for having me and giving me the opportunity.
Sure.
So we are looking at a day where
it is suspected that
Iran may strike with some new sort of tactic and get involved.
That would move this into a regional war.
I know just speaking as a mom, not a politician or anything else,
boy, that has to seem like the worst possible thing.
Well, it's as you said.
I mean, I'm a mother.
Before 304 days, I was a high school teacher.
I'm just a regular person.
And now I'm thrust into this
alternate universe.
And exactly as you said, in addition to the
unimaginable misery and anxiety and angst that we are going through because our only son was stolen from us 304 days ago and his dominant arm was blown off in that abduction, now we have what is being said to be an imminent threat of an attack by multiple fronts.
So I spent the morning gathering food and water and batteries for a transistor radio and moving things into a room that is our safe room so that we can be trying to be prepared for what is supposedly an imminent attack that
has been said that the targets are going to be civilians.
So we I don't know what else to do except I've spent, as I have, you know, we happen to be a religious family and we always pray every day, but today, extra, you know, psalms being said and preparing ourselves, you know, for what could be a real scary attack.
You haven't seen your son or heard from him, you know, since day 201.
100 days plus have gone by.
And we don't know where the hostages are.
They're They're most likely not being held the way they were at the beginning.
Is there any word at all on
where these guys are?
I mean, I don't understand why the United States itself doesn't go after at least its American hostages
and go in and
do it.
I mean, we have the capability of doing it.
Do we just not have any idea?
It's a good question.
I, of course, am not privy to that kind of intelligence that the U.S.
and Israel either have or don't have.
Our understanding is that the remaining 115 hostages are being held underground in the deep labyrinth of the tunnel system that is hundreds and hundreds of miles long underneath Gaza, that is a very tangled, entwined underground highway of sorts.
So what they do know is that the hostages are being held underground.
They don't know where because it's such a complicated and complex system.
And they are trying to be very careful because
they could go in, but the understanding is that
they're embedded with the people who stole them and are being used as human shields.
And so it's a complicated operation to try to get them out.
And remember, you know, these people are not a homogenous group, a monolithic group of people.
The remaining 115 hostages hail from 24 different countries, including, as you mentioned, there are eight U.S.
citizens, including Hirsch, my son.
And they are Christians, Jews, Muslims, Buddhists, and Hindus.
These are, you know, it's an an interface.
It's really a global
humanitarian crisis on the micro.
You know, the last time we had a hostage crisis like this in America was 1979 under
Jimmy Carter.
And that gave birth to
Ted Koppel and Nightline.
And every day he had a counter on the screen.
I started putting a counter on the screen, I think maybe day three of this.
We're up to 3.04,
and
I've not seen that.
It's almost as if these American hostages just don't matter to America.
It feels that way.
It has to feel that way to you.
It's so interesting that you mentioned that, because we have so been grateful.
for your advocacy in that specific way because what happened with me is that the media kept asking me in the beginning, what day is it?
What day is it?
And I had a flashback to being a little girl and getting up what I thought was the middle of the night, but it wasn't because it was probably only 11 o'clock.
I had gone to bed probably at 8.
And I wandered into our TV room and my father was watching TV and there was a number on the screen and a man with a big head of hair.
was talking.
And I said to my dad, what's that number?
And who's that man?
And he said, that's Ted Koppel.
And that number is the amount of days that there have been people who've been held hostage.
And I asked him, what does hostage mean?
And I remember it.
I remember my father explaining it to me in 1979.
And I was eight years old.
And it has stayed with me.
And so on day 26, I said, you know what?
I'm becoming Ted Koppel.
And I started to put a piece of masking tape that I would write the number in a magic marker and put it above my heart every morning and I'm wearing it right now as I talk to you number 304 and every time someone asks me about my number or when I travel people will say oh you forgot your dry cleaning sticker on your sweater or people ask
what's that number and I said it's sort of like my name tag my identity is this number My name changed and every day it changes and today my name is 304
and I am so appreciative.
The hostage families are so appreciative to you for doing that.
Because to my understanding, I think you are the only one in the media who's making an effort always to publicize that number.
And
I think that the American public is just not knowledgeable about the fact that those original 251 hostages, 12 of them were U.S.
citizens.
What also a lot of Americans don't realize is that on October 7th, 45 U.S.
citizens were murdered.
This is not something that just happened in some random place to other people.
This was also an attack on America.
45 U.S.
citizens were killed.
12 were dragged away across the border.
Eight are still being held hostage.
It's really something that, for whatever reason, the American public is not knowledgeable about it.
And Americans don't, I mean, we stand for liberty and freedom and dignity.
And something we abhor is the idea of people stealing people, let alone U.S.
citizens.
I don't know if it's the American people or if it's the media.
Too many Americans are led by the mainstream media.
They care about gas prices when the media tells them to care about gas prices,
or at least they get vocal about it.
They see it, they know it, but they get vocal about it.
And I think the same may be true with the hostage situation.
There is no one monitoring this, no one questioning all the time.
How are they?
What progress have we made?
What are we doing?
Instead, we're focused on Palestinians in our streets
rioting, setting things on fire, and saying
just 1930s horror show lines
here in America.
And
then I guess we have a debate on whether that's good or bad.
And I don't understand what's happening with any of it, quite frankly.
This is not the America that I recognize, not the America that we should be.
and can be when we follow our Declaration of Independence.
Rachel.
I agree with you.
You know, it's very interesting that
John Andresik, the well-known singer, is actually really pushing for an initiative to go back to the yellow ribbon
movement of the late 70s, of tying a yellow ribbon around the old oak tree to really do some serious advocacy for this issue and specifically for the U.S.
hostages.
I do agree with you that, you know, I don't need to tell you that the media is often just a game.
It's theater.
We feel that we are pawns in this game.
I feel my son and all of those hostages, we are fodder for this theater that's going on.
We did not ask to be cast in this.
We did not ask to be extras, and we are.
And you're right.
What the media decides is a story is what most Americans think is the news, and they think that is the story.
And unfortunately, for these hostages, this for whatever reason, and I don't really want to dive in in my mind of what could possibly be the reason that we are not advocating for these cherished human beings from all these different religions and all these different nationalities.
Why aren't we advocating for them?
Why isn't that the story?
Very good question, Rachel.
Thank you so much for being on.
Our prayers are with you, your family, and of course, Hirsch.
Thank you.
God bless you.
Thank you.
Thank you, Glenn.
God bless you too.
Rachel Goldberg, Poland.
We should probably get a hold of John Andresik because that is a good idea.
Why we're not doing it for these Americans?
I don't know.
I don't know.
But then again,
I've got a whole sheet of stuff to talk to you about, maybe if we have time later on in the program, of things that make no sense whatsoever.
None whatsoever.
All right, let me tell you about leaf home gutters.
Time to clean out the old leaves in the house gutters soon.
Yeah, yeah.
You know what that means.
Yeah.
Time to sell the house and get a new house because I haven't cleaned out the gutters and God only knows what's happened to the foundation and everything else.
Look, you don't have to worry about cleaning them out anymore.
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This is the Glenn Beck program.
Well, welcome to the program.
We're glad you're here.
Nancy Pelosi shared with me
over the weekend, and all of us really,
about how wonderful Joe Biden really is.
Listen to this.
So he was in a good place to make whatever decision, the top of his game.
Such a consequential president of the United States, a Mount Rushmore kind of president of the United States.
Want to know what comes next?
That he belongs up there on Mount Rushmore.
Lincoln and Joe Biden.
But you got Teddy Roosevelt up there, and he's wonderful.
I don't say take him down, but you can add Biden.
Wow.
She's actually, though, probably pretty right.
He is consequential.
People just don't recognize it yet.
Beginning next year, you're really going to feel it.
In a very bad way, he's consequential.
Yes.
Kind of weird, though, because Nancy Pelosi is the one that forced him out.
She was just asked about that, and here's what she said.
There have been reports that it was Nancy Pelosi who orchestrated a coordinated effort to squeeze President Biden to drop out.
Please tell us what you told President Biden.
to persuade him to step aside.
Well,
I've never shared any conversations with the President of the United States publicly.
No, sure.
It's said that he's furious at you.
Is he?
Well, he knows that I love him very much.
I understand that you don't
have to
own this.
But it is so well reported
that you were the leader of a pressure campaign.
No, I wasn't a leader of any pressures party.
Well, let me say things that I didn't do.
I didn't call one person.
I did not call one person.
I could always say to him, I never called anybody.
She texted email.
I had confidence that the president would make the proper choice for a country, whatever that would be.
And I said that.
Whatever that is, we'll go in.
Had you seen a decline in Joe Biden?
And did you think
he
needed to step aside?
No.
No.
My whole point was...
Oh, my gosh.
Whatever he decides, but we have to have.
a more aggressive campaign.
Whatever he decides, as long as it's what I want him to do.
Yeah, but we have to have a more aggressive campaign.
It can't be you, Joe.
But whatever you decide, I'm mine 100%,
except it can't be you.
What a pile of crap.
That's a coup.
Yeah.
That is a coup against the president.
Because it's all just about politics.
She just said it there.
If he was in decline, you go to him and you say, hey, you're in decline, 25th Amendment.
But if she actually means he isn't in decline, then this was a coup
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It's a new day, a time to rise.
Welcome to the fusion
of entertainment and enlightenment.
This is the Glenn Beck program.
Hello, America.
If you are a member of Lifetime Fitness, there's something you should know about.
And I want to introduce you to somebody who's doing something about it.
Next, in 60 seconds.
Have you ever noticed that if you do a job right the first time, you don't have all that irritating hassle of having to do it over and over again, you know, because you did it the wrong way the first time?
Yeah.
Okay, grandpa, shut up, okay?
That's my grandfather used to always say it.
And it was always, I mean, it was always so maddening because it was absolutely true.
And I, you know, you got to go back and pick those berries again in that row.
What have you been doing?
I picked the berries.
You lifted it up.
No, you didn't.
Do it right the first time.
Learn from that and do it right the first time, especially if you're trying to buy or sell a home.
You need a great real estate agent.
You need somebody who's at the top of the line when it comes to real estate agents.
You need somebody who has the best business practices.
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It's called Real Estate Agents I Trust, and it exists as a free service to you to make sure that you get the job done right the first time.
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So I want to read this.
This is from a man, a biological man who claims to be a woman.
He says, sounds like I caused quite a commotion at the gym by being trans in the ladies' locker room yesterday.
A woman, very Karen, confronted me in the locker room this morning, saying it was inappropriate for me to be in there.
I answered every challenge when she eventually accused me of having parts with little girls being around when the reality is that nobody is ever naked in there and neither am I.
So I immediately went to the GM and I had a conversation about the club's policies to make sure I was supported.
That's when I learned they fielded a bunch of calls from the previous day, which was leading to a multi-club meeting to figure out what to do.
NetNet, the club, is now on my side and will attempt to educate their membership.
I am so sick and tired of being educated.
I may be a self-educated man, but I believe I am now officially smarter than you
with a better education than you because you cannot understand
science.
No matter what you say, it doesn't make you a woman.
So, you and your minions and all of the people who are so woke, you can go ahead and try to educate me all you want.
You're a dude, and dudes shouldn't be in the female locker.
You know why?
Because it has the word female on that door, male on the other door,
and
you only belong in the male
locker room.
Now, this is really a problem because
lifetime fitness is, you know, a lot of moms go to lifetime fitness because they have, you know, people there that can watch your kids.
Well, I don't trust my kid.
My wife wouldn't trust
our little kids in a place where they can't tell the difference between a man and a woman.
No, uh-uh.
And I don't trust that you can find the difference between a problem and a non-problem.
Now,
the great state of Missouri is doing something about it.
Andrew Bailey is with us.
He's a Missouri Attorney General.
So what's the story?
This is what happened in Missouri.
Andrew.
Yeah, absolutely.
Thanks for having me on.
This is a public safety issue.
It's not some academic exercise of diversity.
There are real lives at stake here.
And there are women who are concerned about their safety and well-being and their privacy in this female locker room when there's a male present.
And at the end of the day, in the state of Missouri, if that male did not have permission to be in that female space, that's a criminal trespass.
Secondly, if the gym gave the male permission to be in the female space, then that gym is liable to the customers that it didn't warn that they weren't going to have gender-excluded restrooms and locker rooms.
In other other words,
the gym has a duty to inform its customers and prospective customers that they're going to allow men into women's restrooms.
And if they didn't do that, that's a consumer protection issue.
So the state is absolutely taking action.
And I agree with you.
This is the nadir of depravity.
This is as low as our culture could possibly go.
And I'm sick of being lectured to by the left when I am smart enough to understand objective reality.
Gender is an objective reality.
And it is unhealthy to deny objective reality, even if you disagree with it, in the same way that it would be unhealthy for me to deny the law of gravity and then try to jump across the Grand Canyon.
Objective reality exists independently of our minds, and it's not beholden to the capricious whims and fashion statements of the left.
You know, however, I'm wondering if we can get some of these college professors and geeks that are telling us that up is down and down is up.
I'm wondering if we could get them to believe that gravity is
subjective and you could just jump off the cliff.
I mean, I'm just saying, it might be, it might teach the first couple of people a permanent lesson, but maybe the rest of them in line would go, you know what?
I think there is something as objective reality.
You're right.
You're right.
We should stop messing with this.
It's insanity.
And I think everybody started doing it because they were just, you know, okay, I just want to get along.
I don't want to hurt anybody's feeling.
But this,
where is is anyone standing up for women
and children?
All of a sudden, we've just lost.
We have women being beaten
in the boxing ring by men.
That's crazy.
Here's a very safe
lifetime fitness facility that, you know, where women trust to go in.
They can bring their children.
They can be safe.
And they don't really care.
They're not protecting, they're just being politically correct.
So, what are you, how are you suing them?
Suing them?
Yeah, we are conducting an investigation from a consumer protection action and have filed subpoenas demanding to know which customers they have or have not informed about these terrible and
misguided policies.
But I'll tell you, I've been on this issue from day one.
Back in
shortly after I became an attorney in 2015, 2016, I prosecuted the leading case in Missouri where a convicted sex offender was in a women's restroom
disguising his voice as a female.
And he wasn't there to express some diversity viewpoint.
He was there to perp on victims and create new victims.
And there were women who had gone into that restroom and were concerned and were victimized by his very presence.
And so I prosecuted him.
And that's now the leading case.
And again, informing our local law enforcement and prosecutors that that is the law of the land and that we can use that law to protect women and girls, I think think it's really important work that we're doing right now at the Attorney General's office to fight back against this kind of nonsense.
You know, I'm reading a letter to the CEO of Lifetime Fitness, Baram
Akrady,
and he wrote, Dear Mr.
Akrady, It's come to my attention that Lifetime Fitness has proudly adopted a policy that permits biological men to use locker rooms designated specifically for women and young girls.
Even more concerning is the fact that instead of taking the safety concerns of your gym members seriously, you rudely corrected them and insist they call this biological male by the correct pronouns.
While it might be considered fashionable in certain corporate boardrooms to pretend that biology is irrelevant, the American heartland still believes in reality.
Amen, brother.
Missourians recognize that allowing adult men to openly invade and disrobe in spaces set aside for women and young girls is indefensible and places political correctness above public safety.
That is why, underline, I am putting you on notice that you are under investigation.
In Missouri's leading case in this issue, which I personally prosecuted, the court confirmed that a male's presence in females' public restrooms constitutes criminal trespass.
When restrooms are separately designated for males and females, only one is permitted to use the restroom designated for his or her gender.
So that is just saying that they have to announce that they're unisex, right?
Yeah, that's right.
If they want to allow men into women's locker rooms, they have to tell their customers that.
And then their customers can decide to take their business elsewhere.
And I think we've seen over the past couple of years how that has impacted the marketplace.
Look at Flood Light, look at Target.
When they started pushing this radical woke agenda that, again, puts women and children at risk, women and young girls at risk, the market retaliated and consumers said, enough, we're not going to put up with it.
I think the same thing would happen here.
Well, I can't thank you enough.
I think this is very good news.
My wife and I were talking about it, and she's like, I just signed up for lifetime fitness.
And she's like, I'm just about now, I'm going to unsign up for lifetime fitness.
This is these Minnesota boardrooms bringing this crap down into the rest.
I mean, if that's what you want, you know, go ahead, fine.
But
all Americans, all women, all families should know that lifetime fitness
will put woke policies over the safety.
And quite honestly, you're just feelings and sensibilities.
Everybody's worried about everybody's feelings and sensibilities.
Well, what about those of us who still believe in actual science?
What about us?
What about us?
Thank you so much, Andrew.
I appreciate it.
This is the Attorney General of Missouri, Andrew Bailey.
God bless you, sir.
Thank you, sir.
God bless you and your listeners.
Talk soon.
Yeah.
I got to tell you, Pat, I mean,
why is it that
they're so open to everybody unless it's like Nancy Pelosi?
Nancy Pelosi.
You know, whatever Joe wanted to do, but we couldn't have him be the candidate.
But whatever he chose, you know, to do, I would support unless he wanted to stay in the race.
I mean,
then there's no real choice there.
There's no real choice.
And these supposed champions of women and women's rights don't care at all about how women feel about an actual man in their locker room.
I never understand that.
And it happens almost every day.
You can have a transgender bathroom.
You could have a
transgender boxing Olympian that is in the transgender Olympics.
That's fine.
But think of, you know, when that second boxer lost this weekend, I thought, think of their dreams.
As a kid,
they thought they could win a gold medal.
They were in it.
They worked hard their whole life.
And at the last minute, a guy who has the biological advantage on them completely changes the rules and punches them in the face.
And their dream is dead.
How many little girls are watching that going, I can't compete?
Yeah,
that's why, that's why we have the girls league in the first place because little girls were told you can't compete, so you can't play the sport.
That's why we developed a girls league so everybody could have a shot.
And now it's just men, it'll just be dominated by men again.
Yeah, and the rule that was set up in 1972 for women in this country for collegiate sports, Title IX, even that
has really been tossed out the window for transgenders,
with the Biden administration insisting that
trans women be allowed into women's sports.
How can you uphold Title IX, which is all about women's sports, and then allow men in the women's sport?
It's an intelligence.
Because
they say that they are now officially women yeah you choose to be a woman that is so insulting it is it is so insulting it is
if you got a noodle um
for my money you're not you're not a woman any noodle is disqualification for women's sports really i'm a little picky if you're noodle wait wait wait wait if you're noodle-less so in other words you had a noodle but but you removed the noodle no because there's also something inside of you called chromosomes And if you still have, you know, the XY chromosome,
that's still a sticker.
I'm a stickler on that one.
It's still a sticker, really.
Yeah.
Really?
Yep.
Why?
He doesn't have a noodle.
I thought it was a noodle problem.
Well, it's a noodle and a chromosome problem.
Okay.
Because you might have, what you're saying is you might have testosterone.
You might
have bigger muscle mass.
Right.
Etc, et cetera.
Bone structure.
I hear.
All of the hand-eye coordination, weight-to-height ratio, a lot of differences.
I got your you, bigot.
Yeah.
No, I have you, bigot.
Thank you very much.
You're right.
All right, let me tell you about relief.
Let me tell you about relief factor.
You know what?
That's how you have to handle it, too.
Just blow it off.
Just whatever.
Because you're right.
You're right.
Science
has proved you right.
This isn't a religious thing.
This is science.
And when you're taking a shot against me, you're taking a shot against science.
I just want to say that to you.
so what's happened what's keeping you from hopping out of bed in the morning with spring in your step ready to take on the day man i just feel great
could it be that you're not getting a good night's sleep and when you do finally drop off do you sleep like crap because that's happened to me oh in the last few days why
Well, I don't, I have no idea.
I have no idea.
Usually that's when I reach for a Z Factor, but my wife is gone and she took the Z Factor with her.
Thank you very much.
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10 seconds, station ID.
Okay, so we haven't had any time really to talk about politics per se today, Pat.
How are you feeling about what's happening with Kamala Harris and
she's the greatest.
Yeah, Tad Nervous man.
Yeah.
And I was amazed at the jobs report on Friday that came out, and somehow she found a way to blame Donald Trump for it, which is
unbelievable.
You know, I read that headline.
I didn't hear it.
Do we happen to have that audio clip or can you just tell me what's how did she get to Donald Trump?
Yeah, well, she just jumped there.
I mean there's really no dot connecting at all here they've been saying for three and a half years yeah we've created 15 million jobs it's the greatest jobs economy since Herbert Hoover and all that kind of nonsense
and then all of a sudden wait we had one down report and now it's Donald Trump's fault how did that happen how do you have it both ways on everything uh she but her office released this statement Donald Trump failed americans as president costing our economy millions of jobs and bringing us to the brink of recession.
Now he's promising even more damage with a Project 2025 agenda that will decimate the middle class and increase taxes on working families while ripping away health care, raising prescription drug costs, and cutting Social Security and Medicare.
It's one lie after another here.
Donald Trump doesn't support any of it, including Project 25.
He's backed away completely from project 25.
well he wasn't in project 25 no he wasn't he was
a separate thing that
yeah and it it is given to whoever wins hey there these are some ideas these are some people that might help right so
it was never something that was part of his campaign it the it's oh the media is so crazy it's incredible and so bad they don't get called on this stuff ever who is saying in donald Trump's camp he's going to increase taxes on anyone?
Who says that they're going to cut Social Security and Medicare?
Nobody ever says that.
It would be the death nail of them politically.
Nobody ever says that.
He's not even considering it.
No, absolutely not.
And even Agenda 2025 doesn't have a cut to Social Security.
Right.
Even in that devil's program, there's nothing.
Nothing.
Oh, I just, you know, I went to Los Angeles this weekend,
and maybe it was just the whole vibe of the place.
I just couldn't take it.
Because I just looked at all of these people and I went, you are all so blind.
No, you have no idea what is coming your way.
You have been lied to over and over and over again.
Everything that you have done to this great state, you're about to do a thousand-fold over to the United States.
And don't they see the evidence of that on their sidewalks and their streets with the tent cities everywhere?
Don't they understand?
This is what you're doing.
No, honestly, I really think it is just,
yeah, but Donald Trump.
Yeah, this is bad.
But Donald Trump is going to
turn the lights out.
We are done as a nation.
As much as I'm convinced that
Kamala Harris will be the last
president in a free election in America,
they are convinced that Donald Trump is the very end.
And, you know,
I at least look at it as, you know, because I have faith in God.
Well, if she wins,
that's not going to be good.
We're not going to like it.
A lot of trouble is going to happen, but God will use it in his own way and we'll learn from it and somehow or another we'll end up off better.
But they don't look at it that way.
Glenn Beck.
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Welcome to the Glen Beck program.
I want to talk to you about a guy named Michael Murphy.
He is a Kansas state representative.
He is a guy who, when he heard about ESG, he was ahead of everybody else.
Back in 2022,
he introduced his first anti-ESG bill.
Then he came back in 23 with even a more comprehensive bill.
And the Kansas bankers, you know, all five.
I mean, this is...
The fight against this,
this is David and Goliath.
Always, it's the same in every state.
They passed part of that bill that protected state retirement and investments and state contracts, so it can't have anything to do with ESG.
The House majority leader is promising now they're going to do more next year.
But Michael Murphy is a retired airline captain with United Airlines, married 43 years, four children, 14 grandchildren.
He has a small farm and a ranch in south central Kansas.
He's a guy who Thomas Jefferson would have liked because he works, he has his hands in the dirt.
And he joins us now.
He's running for Kansas State Senate, and it is very close.
And the election is tomorrow.
The voting has already started.
But this is a primary for the Senate seat.
And if...
The other guy gets it, it could mean the end of all anti-ESG legislation in Kansas.
Very bad, in case you don't know.
Michael, welcome to the program.
How are you, sir?
Thank you, Gwen.
I'm great.
So
tell me
the
main difference between you and your challenger.
The main difference is I'm a guy for the people, grassroots.
I have spent my entire four years
doing things to try to help the grassroots and of course the whenever that comes at odds with big business then I end up with a fight on my hands such as the ESG issue.
I also was pushing for some gold and silver legislation, which also would help give people an option in case we have a.
Wow.
I can't imagine that we would have any problem with our economy coming up, but just in case.
Right.
Dollars, fine.
It'll never lose its World Reserve currency status.
No, no, no.
What was your gold and silver that it could be legal tender in Kansas?
Legal tender and a state depository and transactional.
Oh my gosh, that's fantastic.
Yeah, the technology exists now to where the state could have a depository, people could put their gold and silver in there,
and the state could put it in as well.
Then
you use a debit card and spend it.
You can buy any amount of gold to put in there, $5, $5 million, whatever.
And same thing, you can buy groceries, gas, whatever with it.
And the other thing is, is in the event of a problem down the road, Article 1, Section 10 allows states to have their own currency as long as it's gold or silver-based.
So this was sort of a long-term lookout,
protect the people kind of thing.
Right.
Does it have to be on a credit card?
I mean, can you actually
have physical possession?
I mean, because the state could just track your credit card.
And then it becomes kind of a...
Yeah, it is.
The thing is, this makes it easy to use.
Because, you know, if you buy gold and you've got it in your safe or under your bed or wherever you keep it, and then you need to use it, you've got to go find somebody to sell it.
You know,
this just makes it easier for that aspect of it.
And you're right.
If everything collapses and we lose access to electronics or everything, well, obviously whatever you've got physically in hand is what matters.
Right.
And you also just don't want, you know, that's the problem with the digital currency the government is going to be pushing.
It's currently called the Hamilton, and
they just control all of the information, and you can never physically withdraw your money.
And so that's a real problem.
So
you're a farmer, been a farmer, a rancher for a long time?
Well,
it's been in the family.
My dad had two brothers.
One stayed on the farm.
The other two left.
went about their life.
And anyway, I always, Kansas was my happy place.
I used to come back to Kansas in the summers when I was young and work on the farm.
And ultimately, I just moved back
here back in 1990.
And
when I was flying for the airline, I was a commuter.
I just commuted.
And since I retired, we bought a small farm.
And it's mostly,
we also have a bed and breakfast.
And so most of our farm and animals and everything are tied in with that, you know, for guests to see and experience and stuff like that.
Yeah.
So,
Michael, the biggest thing facing Kansas that you think you have the answer for?
Well, the ESG thing, of course,
has been something, this is something that we, like I said, like you mentioned earlier, when I came on with that comprehensive bill, boy, everybody came after me because it was going to protect, you know, going to protect the folks.
And so, what we did is I worked with Senator Thompson on the other side, and we actually crafted a bill so that it was only going to go at, you know, or prevent BlackRock and Vanguard and Chase Manhattan, those like that.
We exempted through the size of the business, we exempted all Kansas businesses.
But the state chamber and the bankers association still fought us tooth and nail, which told me that was my first, that was my wake-up call because they're not protecting Kansans.
Yeah, I will tell you, the banking association, even the state banking associations, they're so deeply embedded with this.
And they will just, I mean, I've seen them come out with millions and millions and millions behind a campaign to make sure that's all shut down in any state we've been in it's quite remarkable should tell the lawmakers something when you see that kind of uh pushback well it should but you know we're we're we're a situation kansas is like every other state and the capital is just like washington dc you move the you move the commas over and you move the decimal point and zeros and stuff like that the same problem exists uh these big big organizations, they run things, they own enough people, and that's what they're attempting to do right here.
They're attempting to get their person in.
He has a long, long record.
He's a big business guy.
He's got a long record of donating to the chamber and working with the chamber, and they are backing him as well as other, there's two other big business PACs that are backing him.
The interesting thing is, is that I'm being backed by two PACs as well.
My PACs, one is Make Liberty Win, whose special interest is the Constitution, and the other one is Students for Life, whose special interest is saving babies.
So nobody, the only thing that happens if I win is people who have more liberty and we have more babies.
And the other way, you're going to have more big business.
I think that's about as close as I can get to narrowing it down.
Michael, thank you so much.
We wanted to highlight you as just one of the examples around the country.
If
things
go poorly in November, it is going to require states to stand.
And if you don't have the right people, if you have rhinos, if you have people that are, you know, there's nothing wrong with big business, but big business has nothing to do with your business, the state, the statehouse business.
It has no place.
It has to be for everyone, and everyone should have equal access.
I mean, I don't know how Democrats don't understand this because I think they invented that whole rigmarole there on, you know, equal access.
I think that was their thing for forever, but they don't seem to care about that now.
But we have to have fighters in each state.
I like to go back and think about, you know, our founders, there was a big business that existed back then called the East India Corporation.
And that was the original public-private partnership with King George and East India Company.
So
nothing has really changed.
But if I could go in real quick, my website is iLikeMike, the number 4KS, ilikemikeforkansas.com.
I've put a ton of money of my own in here.
These packs have shut off
my normal sources of funding, and I've had a tough time getting enough to make ends meet.
So if anybody would like to go on there and donate, I'd sure appreciate it.
The election is tomorrow.
He needs your help right now.
I like Mike4KS.com.
Thank you, Mike.
I appreciate it.
Michael Murphy from Kansas.
Appreciate it.
Appreciate it.
You bet.
Let me tell you about Patriot Mobile.
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You're changing the game that these big companies that don't really care about you, that just don't think, they honestly, they don't like you.
I don't know if you know this, but most of these companies, they look at the red states and they look down on us.
Fine, but that's okay.
You do that all you want.
I just don't want to be in business with you.
You're participating in the parallel economy, which is making a huge change when you switch to Patriot Mobile.
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You know, Friday, I thought I was so smart.
I was like, you know, hey, wait a minute.
You know, that word salad thing that Kamala's doing?
You know, where she's like, unburden yourself from what has been.
Wow.
You know, I just had this thought.
What's the difference between her and Michelle Obama?
That kind of sounds socialist, because if you unburden yourself from everything like facts and history, you can do everything.
I get a note from James Lindsay on Friday, and he's like, uh-huh, you're exactly right.
Here's me explaining this about a month ago.
Listen to this.
Vice President Harris will say repeatedly, what is the quote?
The quote is that we can see what can be unburdened by what has been.
Is that word salad or Marxism?
It's Marxism.
That is, in fact, not at all word salad.
It is a Marxist, as I said on Twitter the other day and got mocked relentlessly by the media for this.
I said it's a Marxist incantation, as a matter of fact.
It's like a spell.
So you can see the possibility of a world that's unburdened from its own history, which is exactly what Mao Zedong did when he launched the campaign of smash the four olds, the four old characteristics of Chinese society.
They were going to make a new China that was going to be unburdened by what had been in the past of China.
This is what the Soviets, the Bolsheviks, did when they took over power in Russia, is that they were going to make the new Russia.
They were going to make the new man, as a matter of fact.
People could become unburdened by what has been so that they could see what could possibly be in the terms of a socialist utopia.
So, Madam Vice President, when she says that, I assume, given that her father was a Marxist and a professor, I assume she knows what she's saying, and I don't buy her idiot valley speak shtick one bit.
I think she's far more smart and far more savvy than conservatives have given her credit for, and she is an outright Marxist.
It is very, very clear in her language, and that's what the Democrats want to nominate for president right now, which is kind of horrifying.
Yeah,
yeah,
pretty amazing.
Spot on.
I don't know how I missed that for so long,
but thanks, James Lindsay.
We have an update on
possible war with Iran and Israel.
Jason?
Yeah, so Hezbollah did start launching a few aerial projectiles from Lebanon over into Israel.
I would suspect the worst scenario here would be that these are probing attacks and that Iran is lining up a larger attack.
But this is exactly what you would need if you want to disguise some newer, to quote them, weapons that they might want to deploy if they do.
And I'm talking about those electronic weapons.
Explain that real quick.
Why would we expect newer weapons being used?
I'm basing this solely off the fact that they have threatened these before,
most recently.
They've talked about using them, and that is the only thing to get around the massive advantage that Israel does have, and that's their technological advantage.
Right.
And so it's like, and then they just announced that somebody in the Iranian hierarchy said, I think on Friday, that it's going to come in a different way
and it will be surprising and new.
And Israel should brace themselves because we've got something new.
And it's something that we have to look forward to as well because they can't hit countries like us or Israel conventionally anymore.
They just can't.
So how do they get around it?
They employ newer, scarier ways to do that.
Yeah, I got to tell you, I think, you know, I think we're like, You remember, you know, you watched the movie 1917 and people brought their horses in and then they met tanks and that was over.
I just have this feeling that we're in that same space now
with these gigantic aircraft carriers against drones.
Yeah.
I mean, I just,
it's going to be a different world and we are going to be ancient
in fighting, whatever's coming our way.
Yeah,
I don't want to push this on anyone to subject you to it, but if you look at combat footage from Russia and Ukraine right now, that is the future of warfare and it is terrifying there's drones flying all over the place they're not showing you this but there's drones chasing individual people down into
uh trenches going after people that is the history of warfare we are not ready for that at all so it chasing them how is it being controlled by somebody or does it do it on its own now does it have a sensor that follows them around is it heat-seeking how does that work they are employing more artificial intelligence into these drones, but the ones that I've watched, I mean, there's like, there's, there'll be like a Russian jumping out of a tank after it's been hit.
Yeah.
And then a drone, it looks like it's piloted, will chase the soldier around in a circle around the tank
and eventually run into the back of him.
That can't be
that's crazy.
I mean, the Geneva Convention clearly is not involved in this whatsoever.
But wow.
Well,
it wasn't for mustard gas the first time it was used either.
Right.
I mean, it takes a war before you go, hey, let's not do that again.
But God only knows what our weapons are going to be in the next war.
Thank you, Jason.
We'll continue to watch that and we'll update you on tomorrow's broadcast.
I'm going to run.
I'm with Megan Kelly
next on Sirius XM.
I'll be joining Megan.
I don't know.
She's going to be ranting about something legal, I'm sure.
We'll talk to Megan next, and we'll see you tomorrow.
God bless.
The Glenn Beck Program.