Best of the Program | Guests: Justin Haskins & Carol Roth | 5/28/24

45m
A new European law, which goes into effect in 2027, is "the biggest threat to freedom," according to Glenn unless Congress and the president act against it. Author of "You Will Own Nothing" Carol Roth joins to discuss the dangers of Biden's housing regulators teaming up with Fannie Mae and Freddie Mac. "The Great Reset" co-author Justin Haskins joins to discuss the EU passing a mandatory ESG system that American companies will be forced to comply with.
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Transcript

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And here we are at the end doing the beginning.

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Today on the podcast, Glenn talks about stuff and things with people and places all involved.

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You're listening to the best of the Blendback program.

Oh, hello, Stu.

Glenn, how are you?

I am great.

Glad to be back in the studio.

Back in the studio.

Yeah.

We have...

I have some good news and I have some bad news.

Which do you want first?

I'm a glutton for punishment, so they'll take the bad news first.

Okay.

You sure?

Okay, here we go.

Okay.

This is extraordinarily bad news from the European Union.

This is something that I have been warning listeners and readers about for over three years now.

It was included in both the Great Reset and the Dark Future books.

We really went into it in Dark Future talking about this, this can't happen.

If this happened, don't this, no, really.

Well, it's just happened.

We've talked about it on the air several times, but I don't,

now it's official and it's in writing, and so I'm going to explain it and tell you what it is and what it's going to do.

It looked like this bill was going to die several times over the past few months.

In fact, Justin Haskins and I had a big argument.

I should have made a $3,000 bet with him, and then I could have paid you off for the Michelle Obama Obama thing.

But

he said

it would fail and it is not.

Now it is one of the biggest threats to freedom in America, both in the short and the long term, because this law,

because of this law in Europe, our society through corporate decision-making and business partnerships are going to be forced to conform with the European rules, values, and environmental standards.

European social justice metrics are now officially, they have to be imposed on America through this law.

The only thing that will change this is if Congress acts and the president acts, this president and this at least Senate will never stop this.

Here's what's going to happen.

The EU has established an extraordinarily complex, very large ESG system

that covers all companies.

And when I say all companies, all companies will need to comply with.

This includes both covered companies based in the U.S.

as well as non-EU companies, such as those in America and Canada, that operate in the EU.

So, in other words, you sell, I think it's half a billion dollars worth of stuff and you have to comply.

You sell a half a billion dollars in Europe, just under that, then you have to comply.

But so do all of the companies that you do business with.

So, if you're a small company and you're making widgets and you sell them to a company that is making big money, and I wonder if this applies to Amazon.

You sell something on Amazon, that's a company that's making at least half a billion dollars in Europe.

You're going to have to comply.

The covered companies will be required to submit reports to the European government authorities if they are EU-based customers or companies with more than a thousand employees and a worldwide turnover of more than $489 million.

Turnover is another word for revenue or income,

but why wouldn't you say that?

This word bothers me.

I just think it's one of those,

it's like stakeholders that nobody notices.

And then you hear stakeholders and you know what it means.

You're like, oh crap, that's everybody.

Non-EU-based companies, such as U.S.

companies now, fall under the requirements if they have a net turnover of more than $489 million with the European Union.

Franchise and licensing agreements, as well as subsidiaries of larger companies, will also fall under the EU's ESG regime.

I don't know exactly, the lawyers have not even really explained this yet.

But we have been covering this for so long, we think we know what this means, but licensing agreements.

I write books.

Some of them sell in Europe.

Simon Schuster sells books like crazy over in Europe.

They're making over 489 million, I'm sure, in Europe.

Am I now forced to comply?

Thank God I have Mercury Inc.

now and I don't have to do Simon Schuster, but

am I required?

Most importantly, all covered companies will need to ensure that the businesses in their supply and value chains.

I don't know what that means.

Do you know what supply and value chain is?

Stu, you're the head of Ford.

Have you checked your value change?

What is exactly the numbers on your value change?

What the hell does that mean?

Value chain or value change?

Value chains.

I mean, I'm very in touch with my value chain.

Yeah, okay.

On a daily basis.

Also,

those companies, anybody who makes a widget for these companies has to adhere to the relevant ESG rules.

Remember, ESG is environmental, social, and governance.

So, do you have enough,

you know,

gay, black

hermaphrodites that only have one leg?

Do you have them on your board?

Well, why not?

That's your governance part.

Social is

all of the social justice crap that we've been fighting.

And E, of course, is environment.

This bill, by the way, will destroy the petroleum industry.

And don't worry, petroleum is not used in anything.

Nothing in Megan Petroleum.

This will indirectly impose Europe's ESG standards on countless American companies, including many small businesses.

All covered companies will need to create climate change transition plans,

prevention action plans,

establish contractual assurances from a direct business partner that it will ensure compliance with the business's prevention action plan.

So,

you make a widget, but you don't sell it to Ford.

You sell it to somebody that is making radios for Ford.

You don't have anything to do with Ford.

But if you want to sell a widget to another company that does business with Ford, or sell it to another company that that company sells to another company to sell to Ford, you see how this is working?

And if you don't comply in America, you cannot sell anything in Europe.

You also establish contractual assurances, business prevention, and make necessary financial or non-financial investments or upgrades.

The hell does that mean?

Individual countries will write their own laws in accordance with this new EU ESG law.

Each country in the EU will be responsible for enforcing its rules and issuing punishments.

Civilian and activist groups also are covered in this bill.

Activist groups can bring private cause of action against companies for failing to meet guidelines.

We'll open up the floodgates for attorneys right there.

The EU requirements are going to be phased in beginning in 2027.

Now, let me get into the actual requirements that we can, this is a very complex and very big bill over the weekend.

Thank God for Justin Haskins and his team.

He went through all of it.

So let me tell you what these rules are.

It's the economy.

It's the environment.

It's free speech.

It's all of it.

So there's not a single long list of specific rules that companies need to comply with.

There are some specific rules that are included.

However, this new law includes hundreds of vague statements and references to existing international agreements and EU regulations.

Many of those are also long agreements featuring many more rules, such as the Paris Climate Agreement and the International Covenant on Economic, Social, and Cultural Rights.

You know that.

You're complying, I'm sure.

Oh, you're not?

I guess we should read up on it.

As a result of the complexity and expansiveness of the rules, the total number of social credit scoring metrics

Let me say that again the total number of social credit scoring metrics included in this law is currently unknown, but is likely in the hundreds if not more than a thousand.

It's hard to tell currently.

You get social credit scores now let me ask you something

is the eu actually going to stop buying everything that comes from china because there's no way china will comply with this

do you know the what that will do to the prices to the european union if they stop buying things from china and if we don't stop this if we

stop buying things from china

prices you will go broke quickly.

Businesses will go out of business quickly.

Now, here's just one example of the law where it's not economic.

It's actually on climate change and free speech.

The directive is an important legislative tool to ensure corporate transition to a sustainable economy.

What they're saying there is no longer a capitalist system, including to reduce the existential harms and costs of climate change, to ensure alignment with the global net zero by 2050, and to avoid any misleading claims regarding such alignment and stop greenwashing disinformation and fossil fuel expansion worldwide in order to achieve international and European climate

objectives.

So notice they throw in misinformation.

One law, one law firm notes: companies are required to effectively engage with stakeholders.

Let me say that again.

Companies are required to effectively engage with stakeholders.

Do you remember who the stakeholders are?

Because they're not you.

The stakeholders are the governments,

the social activists,

and

I think that's it.

And the companies themselves.

Those three get together because, you know, the Sierra Club is a stakeholder in making sure that our trees are okay and our environment is clean.

The government is just a representative of you.

Yeah.

Yeah.

I stopped believing that a long time ago.

So

you don't have a voice.

Your voice is the Senate, the House, and the President.

That's the stakeholder that they have to deal with.

Companies have to sit down when they're making these rules with those guys.

This includes carrying out consultations at various stages of the due diligence process.

That's going to be cheap.

During which companies must provide comprehensive information.

Now, according to the European Parliament, member states will be required to provide companies with detailed online information

of their due diligence obligations via practical portals containing the Commission's guidance.

They will also create or design and designate a supervisory authority to investigate and impose penalties on any non-compliant firms.

These will include naming and shaming.

That's a quote.

This will include, in quotes, naming and shaming and fines of up to 5% of the company's net worldwide turnover.

Again, worldwide turnover.

Why not use revenue?

Additionally, a breach of certain CSDD

obligations,

that's the catchy acronym for it,

may result in civil liability for damages.

However, a company cannot be held liable for any damage caused by its business partners in its chain of activities.

That's

the bad news.

Guarantee you we are at least a year, maybe two years ahead of everyone else.

They are not paying attention to this.

Do not dismiss this when you go in to vote.

Which candidate is most, and I mean every candidate, is most likely to stand up and say, no,

if the United States,

a huge market, decides to say, we're not playing your game,

Europe will not be able to stand on its own.

China, they'll just give a pass to because everybody, for some reason, thinks that authoritarian state that puts their own people with social credit scores and puts them in camps is okay.

Let me ask you this: Do you think Europe is actually going to have Apple

pay a fine or stop making its products in China because they're made by slaves.

No.

This is a way to...

Look, there is a book over in our museum, very rare, because the king had them all burned.

It was during the witch trials over in Europe.

And it was one book that says, this is hogwash.

This is just the king wanting these rules so he can get rid of his enemies.

King had them all burned.

We can find all kinds of stuff that say witches are real.

That book is extraordinarily rare.

Why?

The king needed them to go away because he could have anybody who displeased him, he's a witch.

She's a witch.

Burn him at the stake.

That's exactly what's going to happen here.

Companies like Apple will be fine, Facebook fine doing business over in Europe, even though they're working with the Chinese.

But any company that decides to stand and say, no, we don't believe in this.

We're not doing this.

You're doomed.

You're doomed.

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Remember, how did, how, this is the old saying, how did your company go bankrupt?

Over a long period of time, and then all of a sudden, when this happens, our country is going to be all of a sudden overnight i mean you read the diaries of people from and believe me i have no life i did this read the diaries of people from uh germany in the weimar republic when they started hyperinflation no one knew what the word was

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Now back to the podcast.

This is the best of the Glenn Beck program.

Justin Askins is with us now.

Hello, Justin.

How are you?

I'm doing okay.

Today is a very dark day, Glenn.

Today is a very dark day.

And I'm not referring to the social credit scoring system in Europe that's going to transform all of life in America and probably destroy freedom.

I'm talking about coming on the air, having to admit that I'm wrong and that you were right.

I wasn't going to bring it up.

I'm never going to be able to live it down.

I wasn't going to bring it up.

I mentioned it behind your back, but I was never

going to bring it up.

No, you know what?

I just, I'm such a cynic on

especially the EU and now our government that

they'll do the wrong thing every time.

Every time.

And what they passed,

when was it?

This weekend?

Friday?

Friday.

friday friday yep okay what they passed is a little terrifying because

everything we talked about in dark future and the great reset is now in stone please explain this to people

right

so for three years you and i have been warning people about this pending legislation that was working its way through the massive bureaucracy of the European Union and their

their legislative process, that would essentially create a global social credit scoring system that would be imposed on companies that do business in Europe, companies that are based in Europe, and then many of the companies that they do business with.

So we're not talking about just European companies.

We're talking about American companies that do business in Europe and American companies that do business with someone who does business in Europe.

So massive, massive numbers of companies.

And I think that'll go all the way down the chain.

We were talking about this, that that goes all the way down the chain.

If you are Philco

and you are providing the radios and the stereos in a Ford,

everybody who makes a part, Philco is part of it now because they're selling to Ford.

But everyone who makes a part for Philco, I believe, will also be a part because it goes down the chain all the way, right?

Yeah, I mean,

that is essentially how it works.

There are some exceptions to this,

but I'll give you a specific example, because the law is incredibly complicated.

I'll give you a specific example that I think a lot of people can relate to.

This is related to the agricultural industry, okay?

It covers all sorts of things, not just agriculture.

But this is one specific example.

There is a company called Bayer.

Now, everybody has heard of Bayer.

This is like Bayer Aspirin, that company.

It's a major pharmaceutical company.

Yeah, I believe they used to make the Zyklon.

Isn't that the company that made the Zyklon B to kill all the Jews?

I'm not sure.

We'll look into it.

Check that.

So they are based in Germany, and they, several years back, bought a large, they're a $50 billion company.

They're covered by this ESG law that's happening in Europe now.

They bought a company several years back called Monsanto.

Monsanto is one of the largest biotech companies, or it was, in the world.

They were based in Missouri.

Now, Monsanto owns a whole bunch of agricultural companies in the United States.

They did.

They're now all owned by Bayer.

So for example,

there's a company called American Seeds, which owns a bunch of seed companies.

This is all now owned by Bayer.

They are Bayer is now one of the largest agricultural companies in the United States.

They're one of the largest seed companies in the United States.

So all of these farmers all across the United States that are buying seeds, many of them are buying seeds from BARE, which now has to comply with these ESG rules.

And so think of all of these farmers, not just the farmers, but all of the transportation companies, all of the storage companies, the warehouses, all of the people who are supplying parts and machines related to these various businesses.

Many of them, not all of them, but many of of them are going to be directly or indirectly tied to this ESG law.

And that's just one tiny part of it.

There are a million different ways that

the tentacles of this is going to reach out into American society.

You could be just a owner operator of a transportation truck.

You have your own truck, you're an owner operator, you're a one-person show, and you're just driving seeds around Iowa.

And if you happen to do business with one of these businesses that's owned by Bayer, you're going to have to comply with these rules too.

And it goes on and on and on and on and on down the line.

Now, people will say, and please read Dark Future if

you haven't read it yet.

Listen to the audio tape.

I try to make it a little more fun because

it's talking about this stuff

or the Great Reset.

I highly recommend that you read both of those because that is now spelling the future.

and this was one of the big ones.

We could stop ESG possibly and we've done a good job at moving in that direction, but we didn't stop it.

We can stop it in our own states and hopefully in our own government, but we told you the

the Trump card on that, sorry Donald Trump, the Trump card on that is if the EU passes it, then we have to do it if we want to do business with the EU.

Well, of course, we want to do business with the EU.

And it would not only mean that we wouldn't be selling stuff to them,

it would mean I believe they can't buy stuff from us, right?

Yeah,

if you're a business in the European Union and you're buying something from a company that's based in the United States, let's say you're an energy company in the United States and you're getting natural gas out of the ground and you're selling natural gas to Europe, yes, this is going to apply to you directly.

There's no question about it.

And then all of the companies that that natural gas company is doing business with are also going to be caught up in this too.

This is

the most diabolical

plan that I've ever seen.

It is now the law in Europe.

And unless the United States of America stands up immediately, and says, nope, you can do this to everybody else, but you can't do this to us.

Unless they do that immediately, the fundamental transformation of the United States of America that Barack Obama talked about, that all the great reset people were talking about four years ago.

Anybody who has talked about

it?

Anybody who has talked about a global governance system,

this is it.

All of those things, this is it.

And it passed in the EU.

Now,

I immediately sent this to a couple of friends in Washington and said, said, this is the most important thing you can talk about and work on right now.

Nothing else trumps this.

With all of the problems we have, nothing else.

Do you believe that, Justin?

That is 1,000% true.

This affects everything else.

And

you will not hear about this on 99% of podcasts because 99% of podcasts aren't following this.

They don't know what it is.

And it's not a story here.

It's a European thing.

This is crucial that you understand and you begin to talk to your senators and your congressmen, that you vote for somebody who will stop this.

This

puts all of the great reset plans

from Europe, which now will have to do it, into the United States and everywhere else.

And I will bet you, Justin, it will not affect China.

China will say, screw you, you don't want our products, don't buy our products.

And they'll end up buying their products.

You agree?

Yes,

I completely agree.

And the reason for that is because the way that they set up the enforcement mechanisms and this was very tricky.

Essentially, what they did was say, all the countries of the European Union have to pass laws that comply with this law, and then it's up to each individual country to enforce those laws.

So in other words, if the countries of the European Union decide, yeah, we're not going to enforce the law on China, then they don't have to enforce the law on China.

And so, I think that's exactly what's going to happen.

This is a license for European Union countries to go after anyone they want or to not go after anyone they want, depending on what their agenda is.

And so, China absolutely will get a pass, and we won't.

And before we lose all of our status in the world and all of our

ability to sell anything, we have to have a president, a senate, and a Congress that will stand up to Europe and say, we're not playing ball.

And

if that's it, then fine.

We won't sell any of our products to you.

But we are not

going to bend our knee to the European Union.

No.

It's freedom of speech as well.

The republic is over as you know it if we don't stop it here in America.

And you got two years to do it.

This is the best of the Glenn Beck podcast.

It's a compilation of clips from various episodes.

If you want to dig deeper into this interview, check out the full podcast episode.

Carol Roth,

the author of that book, You Will Own Nothing.

Which is ridiculous.

How would you possibly bankrupt people?

so they would have to sell everything or couldn't afford it and have it taken away from them?

I mean, you'll own nothing by 2030.

What a ridiculous idea.

Hello, prophet Carol Roth.

How are you?

I thought I was a conspiracy theorist, Glenn, but I'll take prophet slash conspiracy theorist.

Isn't it amazing, Carol?

Every day.

Every day I see something just McDonald's, you go to McDonald's.

This is how you have a country that owns nothing because they no longer can afford to buy anything.

Anything.

Yeah, it's so frustrating when I read this in the media, the corporate press all of a sudden waking up and saying things like, oh, fast food and restaurants are more expensive than ever and people can't afford them.

It's like, wow, that's a giant shock to me who's been telling you this for years and years based on the fiscal and monetary policies of this country.

You know what's more frustrating to me is the fact

that we know that they're wrong.

We've seen that they're wrong over and over and over again.

They're lying to us and saying we're a conspiracy.

And then when it turns out to be right, they announce that it's suddenly true and right.

And then people go back to them for the answer on how to solve it.

It's crazy.

Right.

It's the arsonists who are burning down your house and then they bring a water bottle and say, hey, I'm going to help put out the fire and rebuild it.

It is frustrating and the gaslighting when we're telling people what it is that they're going to experience or what they are experiencing from the Biden administration, from the press, saying, No, no, you don't, you just don't understand.

You're just not smart enough.

People are experiencing this every day.

It's just like an extra gut punch.

Talk to me about Freddie Mac and Fannie Mae.

This was

one of the biggest collapses

during 2008.

But if I'm not mistaken, it wasn't really taken that way because the federal government, we, the taxpayers, foot the bill for that one.

So they didn't actually fail, but they did.

So do you remember the scene

after trading places when Randolph and Mortimer Duke went bankrupt and then they pop up and coming to America and Eddie Murphy hands them this wad of cash And all of a sudden, Randolph says, Mortimer, we're back.

I feel like this is the exact same thing that's going on with Freddie Mac.

And certainly, if it happens with Freddie Mac and it gains acceptance, it's going to happen with Fannie Mae.

So right now, these two government-sponsored enterprises, based on what happened out of the

Great Recession financial crisis, they were put into conservatorships with the FHFA as well as the Treasury.

So they've been watching them and and making sure that they don't do anything risky, right?

Well, now Freddie Mac had this great idea because people have so much equity in their homes.

Let us go ahead and offer second mortgages.

Now, you have to remember that these government-sponsored enterprises, Freddie Mac and, you know, as well as Fannie Mae, the whole point of them is to extend credit, make sure that people can get into housing.

But second mortgages don't get you into housing.

Those are consumer loans.

Those are people taking money out of their homes and using them for whatever it is.

And that equity is perceived equity, right?

Because they haven't cashed out the house.

They haven't sold the house.

They haven't cashed out.

So they don't have that guaranteed.

They just think that it happens to be today worth this much money and they put a loan against it.

So

let me make a case for this because

I did a lot of thinking on this a couple of years ago.

Some people, that may be good for

other

people

horrible.

Or do you think it's always horrible?

Well, here's what it is.

It's taking the money out of your home, the equity that you have, the ownership that you have, and saying, okay, no longer I have this ownership.

Now I have the pile of cash.

So what are you doing with that cash?

Are you using it to reinvest?

Because right now that's very expensive to do.

We're not in zero interest rate environment so you know if you're paying even on a a second mortgage eight or nine or whatever percent it is how are you going to get a better return on that it seems to me that that is people taking their wealth their ownership and going and belowing it and spending it that's what will happen

that's what will that's what will happen i mean second mortgages to pay down like a credit card at 25%.

I'd rather pay nine than 25.

Sure, sure.

But obviously, we would rather to use other money if we can to pay down 25% than taking down your ownership.

So, obviously, it is specific to everyone.

But overall, I think we have to ask ourselves a few questions here.

One, why is it that the taxpayers should all of a sudden back consumer loans?

Why is it that we want to encourage more consumer debt spending, particularly during a time of inflation?

And why do we want people to reduce the ownership, the equity in their homes?

May I guess?

And so sure, please do.

Because I got to guess too.

Because I am a helper.

And if you re-elect me, I can help you with all of your troubles.

But the other guy, he's not going to help you with that.

I'll help you get a loan so you can do the things you need to do, invest in your business and pay down your loans.

And a lot of people are struggling even to pay for food.

So I'll help you.

Bang, bang, bang, bang.

We have an election around the corner.

And obviously, we've seen Biden try to do this cancellation of student loan debt.

And, you know, that is not working out as well as he had hoped, although he keeps pushing it.

So now, how do we make people who are maybe struggling financially feel like they're wealthier, feel like they have more cash in their hands?

Oh, we'll let them take this, you know, quote-unquote equity out of their homes, which is buying votes, which is increasing consumer spending, which pushes up the GDP, which we know is, you know, faltering based on last quarter.

So, all of these things make him look like the economy is doing better.

By the way, also likely highly inflationary that we're adding more consumer spending into the mix here.

So, this is being proposed.

And hang on just a second.

Hang on just a second.

And more inflation makes it harder for you to buy things later.

You've got now a second mortgage, and you're going to be in the same situation you were in if you spend that money to do anything other than pay off very high interest rates.

You take a loan out and do anything with it when the because this won't happen until after the election.

I mean, you won't feel the effects, but I'm telling you, inflation next year is going to be insane.

Do you agree with that?

Well, particularly if these programs that he's pushing continue, right?

So, if this, if this, if FHFA comes back and says, sorry, we're not going to do this, which one of the things that's pretty interesting here, and it goes back to this election thesis, is normally when you have a rule like this that pops up, there's a comment period.

And that comment period is about six to 12 months, depending on a variety of factors.

Do you know what the comment period on this was, Glenn?

Two weeks.

30 days.

30 days.

Which again goes back to say there's an urgency of why it is they're trying to push this through.

Now, I'll add something else super fun in here.

So, in addition, so if Freddie Mac does this, there's no reason why Fannie Mae is not going to try to do this, but they're under conservatorships, right?

So, how do they really expand this market?

You know, which is, you know, right now it's a decent-sized market, but this could expand, you know, up to for both of those agencies, maybe $2 trillion I've heard maybe four to five trillion with leverage of capacity how do they how do they extend that well they could then if the conservators which again is FHFA and the treasury say okay you're no longer under conservativeship they can go back to securitizing these does this sound familiar that means that they take a bunch of these secondary mortgages they package them together into a new security and they sell them into the market and these were the same types of securities, if you recall, which started the whole ball rolling with the Great Recession financial crisis.

So, nothing to see here, guys.

I'm sure this will work out really well.

And I'm super excited for taxpayers to back consumer loans.

You're not even backing first mortgages, you're now backing consumer loans.

Way to go.

Really glad that the government wants to get into that.

And again, it is estimated to be $2 trillion.

However,

you and I both know, uh-huh,

it could go as high as $5

trillion.

Don't just think of that as your debt that we need to pay.

Think of it this way as well.

That's two to five trillion dollars being dumped into the economy.

What do you think will happen to the value of the dollar and your buying power?

Five

trillion trillion

out of thin air.

It's insane.

And at a time when we have the Federal Reserve who is frustrated with their fight to, or to their attempt to fight inflation, and the government continuing to spend like drunken sailors, no disrespect med to the drunken sailors, then you keep having these consumer stimuluses.

And this is what happened with the Biden administration when they came out, you know, right out of the gate a few months later and they did direct consumer stimulus.

it's in the name stimulus it stimulates the economy that is the intention and the same thing here if you take money that is locked up in homes and all of a sudden you unlock that and again it's theoretical money because if the price of houses end up going down in that area then they make they could end up being underwater and and and you know be in real financial trouble so this is theoretical dollars that they have that they're going to take out and use as dollars to spend in the economy.

It artificially inflates the GDP.

It makes everything look like the consumer is doing much better.

And it absolutely will eat away at your purchasing power, devalue your labor, devalue your wealth.

Once again, it is the same cycle repeating for political purposes.

Carol, I'd love to have you on again later this week because there's a couple of other things that are affecting small businesses and independent workers.

Again, you know, so you will own nothing, but you'll be happy, apparently.

We're going to, can I invite you back later this week?

I'm always happy to be back with you.

Thank you very much.

Carol Roth, the author of You Will Own Nothing.

You can find her at CarolRoth.com.

Make sure you go to Carol Roth.com/slash news because she follows all of this and explains all of it every day.

Carol Roth.com/slash news, or you can follow her on Twitter at Carol J,

JS Roth.

Charlie Sheen is an icon of decadence.

I lit the fuse and my life turns into everything it wasn't supposed to be.

He's going the distance.

He was the highest-paid TV star of all time.

When it started to change, it was queer.

He kept saying, No, no, no, I'm in the hospital now, but next week I'll be ready for the show.

Now, Charlie's sober.

He's going to tell you the truth.

How do I present this with any class?

I think we're past that, Charlie.

We're past that, yeah.

Somebody call action.

Yeah.

AKA Charlie Sheen, only on Netflix, September 10th.