The 'Experts' Who Tanked the Economy Want to 'Fix' It | Guests: Sen. Ron Johnson & Rep. Beth Van Duyne | 10/12/22

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What you are about to hear is the fusion of entertainment and enlightenment.

This is the Glenn Back program.

Oh, if you thought your head was going to explode yesterday, no, no, no, no.

Today,

it's a full-fledged duct tape alert.

I mean, grab the duct tape, wrap your head, because today's news is even crazier than yesterday.

I don't know how many times I can say this, but we're on an exponential growth of crazy news now.

We begin in 60 seconds.

Every day, I warn you on this show about the dangers of inflation and

how they're going to take what's already a lagging economy and turn it into something we haven't seen in this country in a very long time.

And I pray to God that I'm wrong, but I'm pretty sure I'm not.

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So yesterday, if you remember,

my head was going to explode because

why are we allowing California to dictate everything to the rest of the nation?

Okay?

Remember?

I'm like, let them stand on their end.

They want to do that.

Fine.

Let them feel the full consequence.

Why are they dragging us along with it?

Okay.

Yeah.

Today, my question is: this:

Why do we keep listening to the same people who got us into this situation?

Why are we listening to them?

Here's Janet Yellen from yesterday on our economy.

We still see the impact of COVID in China and the slowdown in Chinese growth.

And with high inflation and tightening monetary policy in many advanced countries,

emerging markets from really all of these factors are suffering many stresses.

So there's a lot to talk about.

But from the perspective of the United States, I think the United States is doing very well.

Wow.

We're doing very well.

Other countries have high inflation, tight money.

Their central banks are tightening the money supply, which is driving interest rates up, and they're having supply problems.

But us?

No, I think we're doing really...

Why are we listening to her?

Why are we listening?

Now, let's go to the genius that's actually behind the wheel driving this car over the cliff, our president.

What does he think about what's coming economically?

Should the American people prepare for a recession?

No.

Look, they've been saying this now.

Every six months they say this.

Every six months they look down the next six months and see what's going to happen.

It hadn't happened yet.

There is no

guarantee that there are going to be a recession.

I don't think there will be a recession.

If there is, there'll be a very slight recession.

That is, we'll move down slightly.

Okay.

All right.

Now, maybe, perhaps, I want to give him the benefit of the doubt.

Maybe,

because there is one industry that has just,

I mean, has

made so much money hand over fist.

It is such a growing industry that maybe he's thinking, well, you know, GDP is affected by the

by the fentanyl and human trafficking industry.

Jobs are, I mean, it's not hard to find a job there.

If you're willing to human traffick people because of the border, don't worry.

If you're an Eastern European hooker, his son has really helped keep that economy going.

Right, right, right.

But just because this, according to the Department of Homeland Security, just because of what we've done on the border, there has only been a 500% increase in human smuggling.

So,

you know, increase.

That's good, right?

Yeah, that's good.

I mean, up, up, up.

America is really doing.

Yeah.

Now, I want to talk about those other countries that are having some problems, you know, with

loans becoming more expensive,

threatening jobs, trouble with their oil and gas prices, high

interest rates and high inflation.

Unlike us, unlike us, we're good.

But let me talk about those countries.

Top diplomat in the European Union Ambassador's Annual Conference said that Europe has been decoupled due to multiple black swan events.

It says it can no longer count on Russia for cheap gas and oil.

China, they were depending on cheap goods.

And the United States, they've depended on the United States for security.

And now they've lost all three.

And, you know, now they're going to have to completely reimagine,

completely reimagine how Europe is put together because it's broken.

And they're not going to be able to do anything about it.

They just have to reimagine how

everything

works.

And they're looking now at an era of volatility, which is great.

But, you know, the thing I really liked is

he said, you know, United States and Europe had a fantastic relationship and we were cooperating a lot.

And that situation might change now.

But I mean, I'm quoting, but I urge you to think, what would have happened if instead of Joe Biden, this would have happened with Donald Trump or someone like him in the White House?

It wouldn't happen with him in the White House.

He was warning you of these things and you laughed at him.

But don't worry about it.

Because we're fine, according to Jenna.

We're doing really, I think we're on the upswing.

We're doing really, really well.

Now,

let's see.

I just want to count the enemies here.

We're in a proxy war with Russia, right?

We're fighting with Ukraine, which I think we're really all we're doing is laundering money through Ukraine.

We haven't made China too happy lately.

But we also have had a very long ally, Saudi Arabia, which I don't want to be tied to.

Donald Trump was fixing that.

But then our

president, he got a little spicy with the

sultan or the prince over there and said, you know, this guy's a thug and a criminal and he has no place at the table and I'm going to take care of him when I get in.

So now

the president went over and he said, hey, can you guys maybe up the, you know, and they agreed as he left, they agreed to 200,000 barrels, which is nothing.

200,000 barrels.

And then the White House wrote a missive to the prince and said, you just broke your word to the president.

What are you doing?

You said 200.

Now you're going to reduce reduce it to 100.

And that kind of pissed the prince off.

And so he's like, yeah, you know what?

I'm going to reduce it even more than that.

Okay.

So they went, the people who were there at the meeting said that he was asking for oil and he was asking, you know, just can you just boost it up a bit?

What's better is he was saying, and if you have to cut it, can you wait until after the election?

That way he could, you know, convince everybody that we're on the move, everything's good, and your gas prices are down.

And then OPEC could lower the production of oil.

And then after you've made a decision on which side you trust to tell you the truth and to help you along, then after the election, then he could say, oh my gosh, look at what these evil Saudis are doing.

Okay?

Now, the president has come out and said, we never even talked about oil.

Really?

You didn't?

You didn't.

Really?

Huh, that's weird because everybody who was in the meeting says you talked about oil.

But no, no, no, he didn't.

And he also says, ridiculous that I said we were going to reevaluate our relationship if they didn't cut the oil.

Except, you know, after they cut the oil, the president was on TV that very day saying, I think we need to reevaluate our relationship.

So this is really good.

Biden has now warned of consequences for Saudi Arabia.

He vowed to hold Saudi Arabia accountable.

He said, I'm not going to get into what I consider and what I have in mind, but there will be consequences.

Good.

Okay.

All right.

Okay.

All right.

Well, you know, why not?

Why not throw that log on the fire?

Oh, by the way, the other reason Saudi Arabia is so pissed at us because of Joe Biden is because he's making a deal with their mortal enemy, Iran.

So we got that going for us.

So let's pick another fight there.

Oh, oh, oh, here's another fight we just picked too.

You're going to love this one.

We have decided to stop all exports of our chips to China.

Yeah, yeah, yeah.

So the U.S.

Department of Commerce introduced sweeping rules aimed at cutting China off from obtaining or manufacturing key chips and components for supercomputers.

This is quoting, is seen as a huge escalation, huge escalation in the tensions between Beijing and Washington.

America argues that such advanced semiconductors can be used by China for advanced military capabilities.

Don't you think so?

Quoting the co-founder of the Center for Innovating the Future,

There is no going back to the way things were.

With the latest action, the chasm between the United States and China has now expanded to the point of no return.

This is great.

So by cutting off the chips, which I'm not arguing that they shouldn't have, we shouldn't be sending them stuff.

But right now,

you know, might be kind of a dicey time to do it.

Now we're forcing them to have to take Taiwan because Taiwan is the maker of all of the most most sophisticated chips.

In fact, I think they make 80% of the chips.

So that's going to be really good if they march into Taiwan because then guess who doesn't have any computer chips?

Yeah, us.

Oh, this is good.

Oh, by the way, last night also, Biden doubled down on the warning of nuclear Armageddon.

Yesterday, he said it again, you know.

I don't think Putin will use a nuclear weapon, but I mean,

it could be nuclear Armageddon if he does.

Oh, okay,

that makes it

much more acceptable and

soothing, really, to hear that news.

Oh, and they also announced yesterday that NATO is going to hold a nuclear deterrence exercise.

Now, this is great.

Have you ever heard of Operation Abel Archer?

Oh, this is a great story.

Don't worry, it's in our past.

Abel Archer was something that we did every year,

you know, right there on the border of Russia.

We did it with NATO.

It was a NATO nuclear deterrence test.

And I'm going to take you way, way back to 1983.

Because what we did, we held this annual, every year we did it, annual exercise.

And we had 100,000 personnel over there, 16,000 of which were flown in from the United States.

And

the exercise was to simulate, what are you going to do if somebody launches a nuke?

Now, the Soviet Union knew this was just an exercise that we did every year.

But Reagan had been a little spicy,

calling them a terrorist organization, saying that they were an evil empire.

And so they no longer trusted the United States at all because they knew Ronald Reagan wanted them to collapse.

So

what they did is they had these new things called computers.

And these computer programs

started to track, you know, they were there in Russia, and they were very sophisticated russia had only the best computers and the best software programmers and uh and so as they were doing this uh what happened was

uh

it looked like

we had launched a bunch of missiles on their computers and they were convinced we launched a bunch of missiles It wasn't just the computer.

And they had,

during the whole operation, they had all of their planes out with 10-minute warnings, and they had loaded all of their missiles.

They had also taken all of their missiles out of the protected shelters, opened up the blast doors.

They were ready to launch.

If it wasn't for the little red phone, hey, call me.

We probably all would have been vaporized.

But that has that maneuver,

you know,

where they're where they're just trying to just have a military

exercise, you know, that that is just to see what we would do if the Soviet Union would launch a nuclear deterrent.

You know, what would our deterrent be?

What do we do?

You know, NATO got together.

We did it every year.

We haven't done it in a long time, but NATO has decided with the United States, now is the time to try that again.

You know, because the trust is so high.

These people are going to get us killed.

Ever been in a situation like, I don't know, you're

driving

incredible alcohol.

And he's like, no, I got it.

And he's swerving all around the road.

And you're like, good God, we're going to die.

No, it's fine.

I drive all the time.

I'm not drunk.

Okay?

That's when somebody says, stop the car.

Now what ain't it?

We're almost home.

In 20 minutes, we'll be there.

Stop the car.

I'm either driving or I'm getting out.

Yeah, I wish we could get out, but we can't.

What we can do is elect a new driver.

You know, one that shouldn't have his license taken away.

What do you say we do that, kids, in just a few few weeks?

Hmm.

We vote because all of his drunk friends are in the car too going, hey, shut up.

He's fine.

He's totally fine.

Aren't you questioning?

Do you see what's happening?

He's totally fine.

Leave him alone.

Let's get the friends out of the car.

So then we can actually talk to the driver and see, hey, can you walk a straight line, dude?

Because you're going to get us all killed.

You remember when it started, the pain?

Maybe it was something that happened to you slowly over time.

Or did you just wake up one day and go, oh, oh, ow, ow, ow, ow, ow?

I love that.

That's my favorite kind of pain where you're totally fine.

And then you bend over or you do something, you turn and you're like, oh, ow, ow, ow, ow.

Remember when you were a kid and you could sleep in any position on anything?

You could sleep on bleachers, okay?

And you'd wake up fine.

Now your pillow's not fluffed just right, and you're like, oh, ow, ow, for a week.

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Yeah.

So I'm looking for that very slight recession to happen sometime next year.

Nobody's saying that.

Nobody is saying that.

Did you see?

Did you see the Federal Reserve just transferred $3.5

billion

over to Switzerland.

I don't know how we found out.

They don't have to usually say it, but for some reason, we found out about it.

They did it a couple of days ago.

Remember when I was giving the monologue, I think a couple of days ago, and I said, look, it's going to take us two years to find out, but I guarantee they are transferring your money,

your money over to Credit Suisse.

Now, they won't tell us what bank in Switzerland, but I have a sneaky suspicion it's the one who's like hair on fire hair on fire

so we got that going on but don't worry about it everything's fine it's great what

I feel fine I had a great night's sleep last night oh god

have you ever seen such a like

blatant attempt to

buy an election to

lie until just get us past this this November date.

We'll say anything, we'll do anything, we'll spend no idea what you're talking about.

I've never seen anything like this before.

No, no.

Nine.

Nine.

Election fraud?

Nine.

I've never seen it.

They just they're buying off

students.

Wait, you think you've heard the lies?

Okay, like, for instance, now you were just talking about the buying off students.

Student loan thing.

Yeah, not supposed to do that, right?

Right.

Yesterday, he comes out and says, Supreme Court is like an activist group now.

It's not even a court.

And so they're doing it anyway.

Okay.

All right.

But you haven't heard anything.

You haven't heard

anything.

Wait until I show you and compare and contrast two speeches on

what the government has done what the president has done to save you money and how it's working the next

program

it's gonna low

all right so maybe you're one of those ambitious people who actually make your own dog food at home yeah tried doing that for a while lot of work lot of work dog liked it

me and my wife not so much but i i am aware as sure as you are kibble food is uh is just it's not it doesn't have the stuff in it the good stuff's all cooked out in the manufacturing process.

When we were cooking Uno's food, we were still putting, you know, rough greens on it as well.

We want him to have the absolute best.

We want him to have a great, healthy life.

I don't want to get in the situation again.

It's too soon.

I don't want to get in the situation again where he's in pain and you know it and you're like, oh, I can't put you down.

And it's just horrible.

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The promo code is Glenn.

Hello, and welcome to the Glenn Beck program.

Glad you're here.

So, Stu, you're going to love this.

You are going to love this.

All right.

Okay, so we've got something here.

Side by side, we have two speeches given by

President Biden.

Well, he gave one in December and the other one in March.

Okay.

And somebody has taken these and put them together side by side.

So this purportedly four months apart.

Okay.

Okay.

Four months apart.

I want you to listen to the details on this

because you don't give an update on something four months apart without the details changing, right?

Well, yeah, obviously.

So running them together side by side.

You will hear the one in December and the one in March at the same time.

Listen.

I used every tool available to address price increases.

And it's going to work.

Take gasoline and gas prices.

Last week I announced the largest ever release from the United States Petroleum Petroleum Reserve.

It increased the supply of oil and helping comprise prices.

I brought together other countries, the India, Japan, the Republic of Korea, the United Kingdom,

all agreed to join me in releasing additional oil from their reserves.

China and Mayberry do well

to do more as well.

This worldwide effort we

won't solve the problem of high gas prices overnight.

But over the last month,

likely doing part in the anticipation of this action,

we've seen oil and gas pricing

in the wholesale market come down significantly.

In fact, since the end of October,

the average weekend price of gasoline

in the wholesale market fallen by about 10%.

It's falling around 10%.

So now, either one of those, and I would imagine,

well,

I mean, it could have been the one with the holly on the mantle or the other one.

Maybe one of them is just like AI.

I don't know.

But how do you give exactly word for word the same speech four months apart about what you've just recently done?

Right.

Like if you said last week, I mean, unless coincidentally, at these, both of these weeks, the previous week, the exact same percentage change changed.

Yeah.

Which would be unlikely.

Yeah.

Yeah, that's weird.

That's weird.

And they just, they just copy and pasted essentially one speech and then re like did it as a reference.

That's what it appears.

Four months later.

That's what it appears as.

And you'd think the president would say, guys, I've already given this speech.

He wouldn't know.

In a normal circumstance, the president would recognize that he was giving a word-for-word circumstances.

There is no such thing as a normal.

Remember, that's what everybody hired this guy for.

Yeah, return to normality.

Return to normal.

I mean, let's just go back to return to normal.

It's been a great trip.

Yeah.

Hey, do we have the cut of Bill Maher and Dave Rubin yet?

Find out if we have this.

We do?

I want you to listen to this.

Now, this is Bill Maher and Dave Rubin.

Dave Rubin was over at bill maher's house and they taped an episode okay of dave's show okay and uh

it's a it's quite interesting you can watch the whole thing on blaze tv it's quite interesting you're going to learn something about bill maher and this is an honest thing about bill maher listen to them as they're talking about how the left believes the right is just this conspiracy machine and we get upset about nothing.

And they start talking about how discredited Donald Trump was by the left side.

Listen to this.

If you can't concede the election, the jewel in our crown of America is that we

have so many other countries had problems with the peaceful transfer.

That's like the one that really trips everybody up.

And it didn't trip us up until him.

And now it's going to trip us up.

But that's not, So I disagree with that.

Because for four years when he was president, Hillary Clinton, he's an illegitimate president.

Stacey.

She didn't say that.

Yes, she did.

It's on Twitter.

It's on Twitter.

He's an illegitimate president.

Yes, it is.

It is.

100%.

Okay.

If she said, I don't remember that.

It is.

It is.

It's certainly not something that's in the minds of the people in this country.

It was not promulgated.

Maybe she said it once in some different context.

It's to compare that.

Like Hillary Clinton says he's not.

He has made a career.

Bill, I mean this with total respect.

I think to me, that's a blind spot with you.

No, that when you just said that nobody really paid attention to that or anything, a huge percent of the country, half the country, saw Hillary calling him.

There's a tweet.

I mean, I can give you the tweet after.

Okay, it's one tweet.

No, he has made a career of this.

But what do you mean?

How many guests, I honestly don't know the answer to this, so it's a, I don't mean to make about you, but how many people are on MSNBC for four years saying he's a Russian operative or Russia installed him or, you know what I mean.

I'm not even trying to defend Trump.

Okay, so here's the thing that you should learn from that.

Do you remember when we had Riaz Patel here?

Yeah.

And he was a liberal Hollywood guy.

And he started doing his homework and he's like, wow, I'm not being told the truth about Trump supporters.

And we became friends and I invited him here.

And one day we realized this guy honestly didn't know what had happened the previous eight years.

And

I said,

Riaz, can we sit down here for a second?

And I brought out a chalkboard.

And remember, Stu and I, and maybe Pat, we put down all of the stories that had happened to see if he even knew about any of them.

For instance, the IRS investigation,

the truth on Benghazi, the

truth on

a lot of different things.

I can't remember any of them right now, but,

and we went through them.

He honestly didn't know.

And when he, when I said, he said, that's not true.

And you were there and you were like pulling it up online.

There's the story.

Oh, that's a story one time ran on page 22 of the New York Times.

You know, they report these things, but people don't see them because they don't they never bring them up again.

If they report them, they never bring it up again.

And then somehow or another, they're blind to all of the things.

And maybe it's because they just accept it.

You know, they don't even hear that.

So much of it, too, is the surrounding coverage, right?

Where, you know, Hillary Clinton can say

he's an illegitimate president.

Everyone can say that Donald Trump was a Russian operative.

And the reaction to that by the media, And the people who get paid to put context around this is, yes, we're doing the investigations and soon the walls are closing in.

Soon we're going to have this guy on this.

That's how it's presented.

And the opposite obviously goes on here.

The second, even an accusation of, you know, something from the election, it was immediately dismissed as a conspiracy theory.

Now, again, you could say all you want about the facts on those cases, but the surrounding context immediately points a viewer who trusts the media to believe one of two things.

Correct.

And, you know, look,

the coverage around Trump, I mean, Rubin is right there.

I mean, it was something like 40-some-odd percent of

Democrats believed he was not even elected legitimately.

The same thing with George W.

Bush.

Yeah.

Yeah, it was

half of

Democrats believed that 9-11 was an inside job.

By George Bush.

Half.

Half.

Half.

You want to talk about conspiracy theorists?

Half.

I mean, That's what made Alex Jones known to the public was that conspiracy, the 9-11 conspiracy theory.

Now, because Alex Jones is seen as a right-wing figure, everyone's reversed their position on this.

But that was his theory, and it was Democrats who believed it throughout that entire period.

So we're looking at half the nation that really

are not necessarily in denial.

They really don't know.

They haven't heard about the things that are really going on.

They don't know all of it.

You know, how many times have you been told that, oh, yeah, ESG, that's all a conspiracy theory?

So they say that on CBS, and so they tune that out.

If there's ever a story, they're like, oh, it's a conspiracy theory.

And so they don't know what's going on.

Yeah, the media allows this sort of off-ramp for everybody in the lesson.

Yes.

You don't have to look at it.

You don't have to look at the Hunter Biden laptop.

It's a conspiracy theory.

Don't bother looking at it.

You don't need to learn about it.

It's not true.

And then you get that off-ramp immediately when there's a story that's unpleasant for your side.

Correct.

And you get to live in this sort of bubble where you're protected from all the bad news of the things that happen to your chosen candidates.

Right.

We have to find a way to start just boiling things down on the truth on stories.

On just, you know, get the newsletter every day.

I have a morning email.

It's my show prep.

And there's probably anywhere from 40 to 60 stories in it every single day.

And it is what I and my staff assemble for 24 hours, 20, actually 21 hours in between shows.

We assemble that.

And then it's what I read.

You know, I read much more than that, but

these are the things we've narrowed it down to that have a chance of getting on the show.

And I want you to read it because you will get an education on what's going on and you will see

it's much bigger than even you think.

You can get it for free.

Just go to Glennbeck.com and sign up for it.

Now, tonight, on my Wednesday night special,

President Biden is

buying votes.

He's buying votes with student loans.

He announced that he's pardoning everybody convicted of marijuana possession.

This is on the top of the things that the White House is prioritizing.

Student loan, marijuana, sex chain surgeries for children, abortion.

But

it's game-changing for America, but that's not what most people are talking about.

Has there ever been a White House and a majority in Congress that is more out of touch with the real concerns of the average American?

Tonight, a serious discussion of what this election is really about, what mainstream media is missing,

and what the polls are telling us.

We have the guy who does Trafalgar.

Well, what the polls are telling us that maybe you're not hearing.

Join me tonight, Election of Consequence, what the polls are not telling you tonight, 9 p.m.

Eastern on Blazetv.com and Blazetv YouTube.

The convenience of modern American life sometimes complicates our efforts to maintain our values.

For instance, not all that long ago, if you wanted to have a good cell phone coverage, you had to go with the big boys, companies like Verizon.

I'll wait until I tell you the latest.

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Hello and welcome to the program.

Can I ask you, what reasonable human being that actually cares about other human beings is looking at the situation in Europe and thinking, yeah, we got to cut, we got to shut down those nuclear power plants.

Yeah, I mean, we scheduled them so they're already, I mean, let's just keep them.

You would be, if it were me and it was just me and my family, and it meant that they were going to freeze to death or not freeze to death, I think I would say,

hey, let's crank those babies up.

You know what I mean?

Why wouldn't you do that?

What the hell is going on?

These people don't care about the average person.

They have their ideology.

It's Malthusian.

They have their ideology and they're just going to go forward.

They don't care.

They don't care.

You can read about this and so much more in today's

newsletter today.

There's a couple of things that I'm just not going to get to.

Biden calls Supreme Court more of an advocacy group than an even-handed court.

Despite the legal challenges, the White House has unveiled a simple student loan forgiveness application where you don't even need any proof or identification.

You just fill it out.

Well, we found that that's been a good practice in the past.

Right.

You know, with mortgages and so many other things.

We have a group of New York sheriffs say they are not going to aggressively enforce the new gun control law.

Oh, my gosh.

By the way, FBI's own stats, read about it in today's newsletter at glenbeck.com.

FBI, over twice as many were stabbed to death than killed with rifles.

Hmm.

So that's an amazing story.

Although Biden yesterday was bragging about how he's going to get an assault weapons ban.

Yeah, which is important.

Yeah, right.

If he hasn't done it yet, you better hurry.

Please don't.

Yeah, I know.

Also, FBI offered Christopher Steele a million dollars if he, if they could just corroborate the Trump allegations.

Is that how we operate in the FBI now?

Is that it?

Oh, by the way,

no big deal.

No big deal.

These companies believe so deeply in the freedom of their fellow man.

Now,

they can all freeze to death, whatever.

But I am so upset with Russia that I'm just going to abandon all of our property there.

Nissan announced on Tuesday that the company is going to sell all operations in Russia to an entity of the nation's government.

So, Nissan,

Nissan,

everything that they had and owned for manufacturing, for car sales, the car lot,

everything,

they sold.

They sold to Russia

for the outrageous price of one Euro.

Because I'm fascinated by that.

Like, is that supposed to be me mean to Russia?

You're giving them all your assets for a dollar?

I understand that, like, the, it might look bad to take money from Russia right now, which is probably their thought here.

But, like, no, here's what they're doing.

They're punishing Russia, but they're also saying, hey, don't forget, we're kind of on your side because when this all blows over, we're coming, we'd like to come back and sell more cars.

So just take all that.

Just take it.

Maya Culpa.

I think that's what it is.

Wow.

Yeah.

Yeah.

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We just want to get rid of it.

You know, Russia can take it.

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What you are about to hear is the fusion of entertainment and enlightenment.

This is the Glenbeck program.

Welcome to the Glenbeck Program.

This is one of the most amazing times in American history.

I don't know if there's ever been a time quite like this where half the country is either part of this I hate America, which I don't think is true, or they've been duped or almost hypnotized into this totalitarian bent that we're seeing now from the left.

Democrats are only talking about things that I don't think anyone else is talking about.

The average American, both Democrat and Republican, I believe, not the ones in Washington, not the ones who are, you know, really die-hard,

you know, Republican, and I die for the party or Democrat, I die for the party, those people, forget about it.

I'm talking about your neighbor that may vote differently than you.

I think they're affected by inflation.

They're seeing gas prices.

They're seeing what's going on.

And yet the polls reflect that it's close.

I'm not sure that's true.

So this hour, I'm going to talk to a couple of people.

We have Senator Ron Johnson from Wisconsin.

He's going to be on with us in about 30 minutes.

And Congresswoman Beth Van Dyne,

she was in the only district that Biden won in, and a Republican picked up a seat.

And it's her seat.

It was close last time.

What is she hearing on the streets compared to what is she hearing in Washington from politicians?

We begin in 60 seconds.

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Welcome, Congresswoman Beth Van Dyne.

How are you?

I'm good.

Good to see you.

It's good to see you, too.

I was thinking about you the other day, and I thought, she doesn't call, she doesn't write, but we'll always have clockboy.

Always have clockboy.

You're right down the street.

I can come by any time when I'm out.

I know, I know.

How are you?

I'm good.

I'm good.

You know, it's been 20 months now since I've been in office, and I think it's probably the most unique freshman experience ever.

I got sworn in January 3rd, right?

Then we had January 6th happen.

Then we had an impeachment vote after that.

We were in a time of COVID where we were separated, you know, physical distance, and then we all had to wear masks.

It has been a divisive time in Congress as well as the rest of the country, but it's been a while, 20 months.

You know, I was watching Parliament the other day because I'm a complete geek.

And I'm watching Parliament and they're like, order, order, and they're just yelling at each other.

And I used to hate that.

But I watched it this time and I thought, at least they're debating.

I don't ever see anything where the chamber is full and you're actually debating stuff.

It's usually just somebody standing in front of a chart giving a speech to no one in the chamber.

Is that accurate?

That is absolutely accurate.

And I don't know how much of this is COVID related because I've got members on the other side of the aisle who have not been there since COVID started.

So we have been voting by proxy.

We have been having committee votes.

We have been having committee meetings by Zoom.

And they just haven't, they have their offices closed.

Their staff doesn't come in.

They don't meet with folks in D.C.

You know, when they have, when they have their constituents come to D.C., they're not there.

Wow.

So

how bad is the disconnect between what you hear from constituents

and what you hear from the political people in Washington, D.C.?

Trevor Burrus, it is really disconnected.

When I am in the district, we've had over 100 roundtables and business tours.

We've gone out.

I mean, that's been, that's my job, is to go out and find out what people here want me to be saying in D.C., how they want to be represented, what their priorities,

concerns, and their issues, and what scares them and what they want me to do about it.

That's why they want me there.

Right.

And that's why you, Congress has such a short period.

You're running

pretty much all the time.

All the time.

Because you've got two years.

Your term is two years.

You're in and out.

And that was made.

by our founders.

On purpose.

On purpose.

To make sure you stay connected with your constituents.

That's exactly right.

What I've hearing is, you know, economy, number one, people are really upset that their paychecks are so much smaller now.

They might be getting more per hour more,

but when we look at and take into account inflation, you know, if you do the math, 8.3%, which let's face it, it's higher than that, but let's just go with 8.3%

for argument's sake.

But 8.3% is basically like taking an entire month's paycheck and burning it.

When you do the math and you think about that, so everybody is taking one paycheck.

Democrats have basically burned from everybody's wallet.

They're affected by that.

When you start looking at gas prices, which, or let's face it, I know that the Biden administration keeps wanting to blame the Russian war in Ukraine.

And now they're blaming the Saudis.

Every month it was going up ever since this president took office.

And it's because of his policies.

Inflation is because of their lack of fiduciary responsibility, but again, their policies, spending like crazy people, trillions and trillions of dollars, more than any other administration has ever spent in the first 20 months.

More debt than we've ever accumulated in our country's history.

That's what people are talking about.

They're upset about things like not having baby formula on the shelves.

Still.

Still.

Still.

Yeah.

There's upset really about the border.

I mean, we're in Texas.

You think about the border crime that we've got going down there.

You think about the millions and millions of people that have entered our country illegally and how that affects our communities.

The fentanyl that this administration does not even have a plan, won't even admit that there's a problem.

That is what people at home are talking about.

It is incredible to me that human trafficking is now a billion-dollar industry on our border.

And nobody seems to care.

They said that it's gone from a mom-and-pop.

When you talk to the people who are down on the border, they said it's gone from a mom-and-pop operation to now like Coca-Cola.

That it is that organized, it is that wide and expansive, and they're making billions of dollars.

So what are the people in Washington?

Do they really think the Democrats, that

they've got a winning message, or do they know they're in trouble?

So when you talk to folks one-on-one when the cameras aren't on,

Democrats will admit that they're in trouble, that they will admit that fiscally

that Biden has not been exactly what you consider responsible.

And that people in their district are talking about it.

They will admit that.

Not everybody will admit that, but, you know, and they won't admit that publicly.

But yes,

they are hearing from their constituents just like we're hearing from ours.

And the arguments are the same.

But then they say that, and then you look at the board at the end of a vote.

And you're like, every Democrat voted yes to spending more money, to being more fiscally irresponsible, to sending billions of dollars outside of our country, to hiring 87,000 IRS agents, but ignoring that we even have a border problem.

So there's one thing that they'll say, but there's something else that they vote.

And that's the most frustrating part because you know some of these folks, I'm going to give them credit, some of these folks really are smart when you talk to them and you just shake your head at their votes because it doesn't reflect in their votes that they've got a brain cell.

What do people in the district, when you're talking to the average person, what do they think about war and Putin and

all of that?

You know, this is something that Republicans had been warning for over a year, ever since our botched

withdrawal

from Afghanistan, right?

When we started talking about the lack of leadership there, how when you're allowing terrorists to basically control your foreign policy, what message that was sending out.

We said exactly what was going to happen.

You are empowering folks in Russia.

You are empowering

the

government in China.

So when Russia went and actually, you know, Putin went into Ukraine, I don't think it shocked many people.

We knew that that was going to happen.

China going into Taiwan will probably be next.

Again, it is our foreign policy that dictates that.

It's not only our foreign policy, it is the fact that this is

the

worst track record.

And I mean this sincerely.

This is not hyperbole.

I'm not just throwing them out of the butt.

This is sincere.

I challenge anyone to show me somebody who has made more mistakes, quote unquote, more mistakes than this guy and this administration.

Everything they have done works to the disadvantage of America.

And I'm, you know, you quickly get to the point to where you're like,

no one can, the odds of being wrong and have it work 100% of the time.

Right, 100% of the time, not in our favor.

It just doesn't happen.

The odds are too astronomical.

Well, it depends what your goal is.

Correct.

And, you know, are you wrong 100% of the time?

It depends what the goal is.

You know, and I would argue that what's happening at the border, they're turning a blind eye because they don't want to actually have to face that exactly what they wanted to happen is happening.

They don't want to have to admit that if they go down there and they talk to people who work there.

But we have had millions of people enter this country illegally.

We have had

a Democrat Party who's wanting to have their own rule for votes,

opening that voting rules up for the entire country with HR1.

Or they wanted to have people who entered our country illegally be able to vote.

They wanted to be able to have people who are 16 vote.

They wanted to not have voter ID.

So you think about that plan and you can start easily thinking, well, maybe their goal is to have millions of people come into this country illegally because they're hoping that they're going to vote for them and change the way that our country looks.

You were just in Asia, were you not?

What are they saying about that?

This is the scary part.

You know, I know that I go home and I talk to my constituents and they don't like what they see, but it's not just at home.

I was in South Korea for a week.

I came home and then I was in Cambodia and Singapore.

All of these countries are drastically different from one another, but they all had the same message.

The U.S.

right now is void.

And where there's a void of leadership, China is more than happy to be filling that void.

And they are doing that,

doing that every single day.

When you think about the rare earth minerals that they have rights to around the world, 75% of our earth's rare minerals.

And our policies.

I believe we have a lot of them up in Alaska, but you'll never get anybody to open those up.

Possibly.

Yeah.

Potentially.

You know, the more that we rely on electric vehicles,

where those minerals, cobalt, lithium, nickel, are

controlled by China.

Yeah.

And that's where the Democrats seem to be pushing our future.

And whose benefit are those policies working?

It's not U.S.

So let me take a quick one-minute break and then come back.

And I want to ask you, so what is the plan for Republicans?

Because honestly, Beth, you know this as well as anybody does.

Republicans will be done.

You'll be done if this is a Congress that just does investigations and does showboat stuff.

You actually have to do something.

And I'm shocked at the leadership.

I'm not because I don't have faith in the leadership, but I'm shocked that they haven't really come up with a, here's day one, day two, day three, here's what we're going to do.

I want to know from you,

can

a House and a Senate without the White House actually change the direction or at least put fingers in the dike?

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All right.

So we're back in the studio with a congresswoman who I just love.

She has been in the fight.

You were the mayor of this town when I first moved here, right?

Yep.

2011 to 2017.

And you have been in knock-down drag out fights for really important things, even as mayor.

I didn't know how you did it, but so I'm glad you're in Congress.

You helped.

So, Beth, tell me,

can they make a difference?

And will the Republicans do anything?

You know, you're part of a team.

So

I will play my individual part,

my independent part, which is I will continue to fight.

I will continue to do, say what I'm going to do, and then do what I say.

We have worked the last 20 months.

Republicans have worked on this commitment to America.

This is Kevin McCarthy's.

So, yes.

He's announced it.

So, so Kevin McCarthy, we were all in, well, there's about 30 of us that were in Pittsburgh a couple of weeks ago and came out with the commitment.

When I was in South Korea, I had lunch with Newt Gingrich, and he talked about the contract to America and how you need to tell the people what you stand for.

It's one thing the last 20 months, it seems we've been fighting against what we've seen.

But it's not good enough to just say you're going to fight.

You also have to say, this is what we're going to do.

And so the commitment to America was basically, these are our priorities.

So our priorities are America's priorities.

We're looking at safety, what we've seen with crime, we've looked at what's going on at the border.

We looked at accountability in government, the fact that we still have proxy voting, we're not getting together, we're not debating as a Congress.

You've got Congress who are able to buy with insider information, stock trades.

So holding those folks accountable, looking at our future, seeing over the last several years how much freedoms that we have given up, making sure that we are looking at holding on to those freedoms, but also how much money we're spending.

Are we going to have a future that is free?

Are Are we going to have a future that our kids or grandkids or great-grandkids are going to be constantly paying down debt?

Oh, I see.

And then also looking at the economy.

The fourth part of that is looking at the economy and making sure that we are fighting inflation.

We are looking at policies that, you know, when you throw trillions of dollars into a system, don't be shocked when inflation goes up, but making sure that we're protecting that economy and not demonizing our American businesses.

Trevor Burrus, Jr.: So you're watching what's happening with the banking sector right now.

They are freaking out.

They weren't freaking out before 2008.

They were like, no, no problem here.

And like, really?

They're freaking out and warning really bad things.

They're trying to get the Fed to stop tightening.

They're trying to get the Fed to start printing more money.

And I have a feeling that's what we're going to get

because you're either going to stop the heart of the economy.

trying to pull all of this back in or you're going to keep printing and then we just die through you know hyperinflation eventually.

Do you believe we can pull this back together?

I mean, that's a trick that's never been done before.

I think in 2008, it was easy to identify what had led up to that.

I think looking at

the last couple of years under COVID, all of the restrictions, how we pulled back, we did exactly a number of cases exactly what we should not have done, the opposite of what we should have done.

We're now filling those ramifications.

And by the way, those ramifications, especially in school kids, we're going to be filling for years.

I believe we can get back there.

I really do.

We've seen what happens with one-party rule for two years, and it's been a disaster for the country.

I think we can walk and chew gum.

I think we're going to have to govern.

And governing on those four major principles that we just talked about, but also having investigations is going to be important.

Are you going to rein in the power of the presidency as far as, I mean, he's just doing edicts.

If you guys have power and you won't pass anything that he wants, he'll just.

It's not just the president, but it's also the president's cabinet.

And, you know, we have said from day one on,

myorcus has got to go.

Okay.

Myercus is part of the problem.

There's no doubt in my mind that the man needs to be impeached.

So looking at the cabinet members and making sure that if we have the Senate that's going to be responsible for who those folks are, that

we have people who will actually be up for the job.

It's one thing to have the president be

What, MIA?

Let's just be nice and say he's MIA and a vice president who's MIA.

But making sure that you've got cabinet members, but also making sure that you're going after those irregularities, those things that have happened in the past, illegal, that need to be addressed.

You need to make sure that people understand that people are going to be held accountable.

Amen.

I hope that is the Biden family and Fauci would be included in that.

How do people get involved in your campaign if they want to help?

I'd love for them to go to Beth4Texas.com.

We are running every day.

We're also trying to help a bunch of other people across the country to make sure that we take back our country and we make sure that we take back the majority.

So we've got a lot of great candidates that are out there.

Myra Flores, Esther Joy King, Jen Kiggins.

These are Jennifer Ruth Green is phenomenal.

Help these people come over

the finish line.

Beth4Texas.com.

Beth4Texas.com.

As always, great to see you.

Great to see you too.

Keep up the fight.

Thank you.

God bless.

We come back in just a minute with Senator Ron Johnson from Wisconsin.

The Glenn Back Program.

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This is the Glenbeck program.

Tonight, on the Wednesday night special, my program at 9 p.m.

Eastern,

what the polls aren't telling you, the election is now four weeks away.

The White House and the Cabinet and Congress and Senate seem to be completely out of touch.

Completely out of touch.

They're talking about the, it's like they're governing some virtual reality game version of America.

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To continue this conversation, we have Senator Ron Johnson out of Wisconsin, who is running and

doing quite well right now.

It is close, but I don't know how it's close in reality.

Let me give you just some stats on Wisconsin.

The

inflation increase in overall oil prices 14%.

Monthly inflation costs, $673 per month.

Food monthly inflation costs up $104.

Energy, up $159 a month.

Meat, poultry, fish, egg prices in the Midwest region have increased by 11%.

Dairy prices, dairy, it's Wisconsin, dairy prices have increased by 17.4%.

Cereals, bakery prices in the Midwest have now increased by 17.7%.

And the best stat of all, you're going to love it.

Come to Wisconsin, especially this time of the year when the blood on the sidewalk matches the leaves.

Wisconsin has seen 9% rise in violent crime.

I can't believe he's not winning with 90% right now.

Senator Johnson, welcome to the program.

How are you?

Good morning, Glenn.

It's worse than that.

Since 2019, statewide, murders are up 70%.

Oh, my God.

In Milwaukee, they're up 93% since 2019.

It's because we have a governor and a lieutenant governor, and I'm running against Lieutenant Governor Barnes, who pledged, or their goal was, to reduce our prison population by 50%.

Mandel Barnes, we have him on a video saying that reducing prison population is now sexy.

No, it's dangerous.

And you can see that in statistics.

The way I refer to inflation is a dollar that you held at the start of the Biden administration is now worth only 88.3 cents.

If you're a senior on a fixed income, let's say you were fortunate enough to have a nest egg for ease of calculation, let's say $100,000.

That $100,000 is now only worth $88,300.

That's what the Biden inflation, what Democrat governance has done to you.

And so, you know,

I always go through what I call the list of horribles, record inflation, 40-year high inflation, record gas prices, skyrocketing crime, baby formula shortage, the open border flood of illegal immigrants, deadly drugs into our cities.

But what is interesting,

in Wisconsin, the people certainly that support me, they're obviously being crushed by all those things.

They're highly concerned about that.

But there's a far more fundamental concern on their minds is that we're just losing this country.

I mean, literally, they take a look around and they just look at how insane.

you know, what we are trying to do in terms of indoctrinating our children, the wokeness, you know, biological males competing with our daughters, expecting to shower in their showers.

School ministry is injecting our children with gender-blocking drugs and don't tell their parents.

In Wisconsin, conservatives are concerned the fact that we are just losing our country.

Senator, we're talking to Senator Ron Johnson in Wisconsin.

I have to just echo this a bit.

I know you, you know, me for

years, and

when I, in 2008, was saying, this this is what's coming

uh I'm still shocked every day I sit in this seat as I see it all unfold I'm I mean it's like we're living in a fun house or crazy house it's it's nuts what's happening when you're talking to the people on the streets Are you seeing any Democrats wake up?

Are you seeing the Republicans really motivated to come out and vote?

Definitely.

Republicans are motivated.

i certainly have democrats showing up to our parent meetings because their eyes have been opened up about what has been indoctrinated into their children during covid you know the sad fact though is it's it's hard to get democrats to put a yard sign out it's hard to get a democrat who truly supports me to maybe go on camera and say i'm i'm i'm a democrat i'm going to support ron johnson because he has the courage to tell us the truth because they don't want to be vilified they don't want to be cancer canceled people are afraid that

we don't have free and open speech in this country anymore.

You can say anything you want to if you're a leftist.

Don't worry about that whatsoever.

But if you're conservative, you got to better keep your mouth shut

if you want to continue to work, if you don't want to be canceled at work, if you don't want to be vilified in society.

It's a very sad state of affairs in this country.

Well, I will tell you, you're right on this.

And that's how we lose the country.

If people are not willing to stand up when they see something wrong i mean you know good men uh willing to do nothing that's how it ends um

so you let's go back to crime for a second uh

you're running against mandela barnes they've released almost a thousand violent criminals out reduced the population by 15 percent i think you said their goal was fifty percent he's going around saying that he was endorsed by law enforcement but i don't think that's true.

I think he was for reimagining the

police, was he not?

Oh, absolutely.

Yeah, he trotted out, I think, nine endorsements from police officers, seven retired to active duty.

Those two denied that they endorsed him.

He might have

totaled up something like 20 now.

I am endorsed by 51 of the 72 county sheriffs.

Police associations totaling almost 4,500 police officers.

So there's no doubt

who supports law enforcement and who's supported by law enforcement.

But no,

he uses the code words by Corey Bush, reallocate over-bloated police budgets.

He says it pains him to see a fully funded police budget.

So no, he is a radical leftist.

He said the founding of America was awful.

He says our national parks were only produced for the enjoyment of white people.

I'm basically calling our national parks racist.

No, he is a radical leftist.

He's hiding in sheep's clothing.

He's, by and large, been hiding from the press.

We've somewhat smoked him out,

but he doesn't sit there and take hard questions.

And of course, the mainstream media in Wisconsin here, most of them are complicit.

They're corrupt.

And the problem, Glenn, is the radical left has infiltrated almost every institution of America.

I mean, they won't admit it.

They won't admit they're radical leftists.

They won't admit they're biased in the media, but that's what's happening.

And so they're normalizing all these things.

And we just sit back and look,

this is crazy.

It's just crazy.

But it's being normalized by the media and by the radical leftists in these institutions.

Senator, next hour I'm going to be talking about the economy and what is coming.

And

on my days like today, I look at the economy and I think we've hit the iceberg now.

We've just hit it.

Economically, we've hit the iceberg.

We're at the point to where

you can't raise interest rates very much more without collapsing, and you certainly can't lower them, or you're just going to stave off hyperinflation

if you keep them high.

If you don't,

you're just going to speed hyperinflation up, in my opinion.

You have, you know, accounting in

your background.

Are we at the point now where it's damn close to a point of no return?

$2 trillion

added to our national debt every single year just from the rising interest rates alone?

Yeah, no, listen, I'm highly concerned.

The last three years, we've added $7.5 trillion to our debt.

We're $31 trillion in debt.

If we just return to the interest rates that we had the last three decades of the last century, 5.4%, and that's a pretty reasonable interest rate, a pretty reasonable rate of return when you're risking loaning somebody some money.

Right now, we've been keeping interest rates artificially low at 1.4%.

If we were just to return to that 30-year average, that would add $1.2 trillion

to our $350 trillion or $350 billion

annual interest expense.

That's what we spend on Social Security every year.

So, no, it's, I think 8.5% inflation, whatever we're exactly at right now.

That's just a sign of a harbinger of things to come.

It's the inkling of a debt crisis.

And of course, what sparks a debt crisis is when creditors take a look at the U.S.

and say, you know, you're kind of a credit risk.

I'll keep loaning you some money, but not at that rate.

You go back to that 30-year average.

Again, that's $1.2 trillion thrown on top of that, which have to be paid, or you default to your debt and then interest rates skyrocket.

So again,

the national balance sheet is no different than a family, other than it's orders and orders of magnitude larger, but you simply can't incur so much debt, have the debt be so much in excess of national income without a day of reckoning.

It's completely unsustainable, but so many people in Washington, D.C.

and the general public, because the media generally supports all these leftist policies, they're just whistling by the graveyard.

They're just not paying attention.

A guy like me that points it out, I just get vilified.

I get lied about.

I want to end Social Security.

No, I want to save it.

I want to save Medicare.

And I'm just pointing out the greatest threat to any government program is this massive deficit spending in our growing out-of-control death.

Senator Ron Johnson from Wisconsin, he is running now and could probably use your support.

Where do they go if they want to support you and work on your campaign?

Yes, it's Ron Johnson for Senate.com.

And I do need support.

Mandela Barnes raised $20 million into his campaign account last quarter.

He outraged me.

We've been doing quite well because of supporters of your program and others.

But we need to put the pedal to the metal.

And I need a lot of support.

So, Ron Johnson for Senate.com, if we're going to save this Senate seat, and we need to do so if we're going to save this country.

And are you confident, Ron, that

you know, we take the Senate and it's not a do-nothing Senate, but the Republicans actually get their ass in gear and do some things?

Well, I certainly am going to use every ounce of influence I have to make sure that at a minimum we become William F.

Buckley conservatives, standard history and yells, stop.

Okay.

That's what we need to do.

You know, we need to bring some function back to the Senate, you know, pass a budget, you know,

put attached to a, probably have to increase the debt ceiling, but attached to it the fiscal controls that the debt ceiling was designed to

prompt, and then go through an appropriation process, you know, starting in April, bring up the

appropriation bill, make the Democrats vote not to fund our troops rather than what we do right now, just wait till the end of the fiscal year and do these massive appropriation.

That is a huge, huge problem.

You fix that, just that alone, and America rebalances a little bit,

and it would be felt if you would just pass budgets again.

Haven't had one since 2008.

Senator Ron Johnson, thank you so much for everything that you have done and are doing.

Keep up the fight, and we support you here.

Thank you.

Thank you for everything you do, Glenn.

You're a great man.

You've been

senator Ron Johnson.

Ron Johnson for senate.com.

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The Glenn Beck Program.

Welcome to the Glenbeck Program.

You know, wouldn't it be fun just for a day without all the weird stuff to be Tom Cruise?

Yeah, you'd have a lot of money to spend.

Well, no, it's not even that.

And it's not even his good looks.

Although,

the ladies love him.

Yeah, he looks at me and he's like, man, if I could just look like Glenn Beck when I was his age.

And I'm like, you are actually older.

Okay, you didn't need that.

Serious action.

Shut up.

No.

Tom Cruise is going to be the first civilian to do a spacewalk.

And he's going to be filming a new movie in space.

That guy,

he's done some of the grit.

None of which I would do.

Like, I don't want to cliff climb.

No.

I don't want to go down flying a helicopter that's spinning out of control.

I don't want to jump out of the, you know, Khalif Tower.

I don't want to.

Space, maybe,

but not really.

When I get there, I'm kind of inside.

I'm like, guys, we're not going to do this.

No, no, no, no.

Seriously.

No, no, no.

Why are you shoving me out the hatch?

But I mean, that guy does, he's done everything.

And he seems like he likes doing this stuff Which means he's just going around the world getting paid to do all the stuff he wants to do anyway just working it into movies exactly right

exactly right.

He's like what do I want to do?

He said that you know when he jumped out in one of the Emission Impossibles jumped out of the high that's really him jumping out yeah and he said he wanted to do that for years almost 20 years he wanted to do that scene That's all he's doing.

He's just having fun and getting paid millions of dollars.

Wouldn't it be nice?

I bet he's not stressed out right now, you know, about the country.

No, no, no, not at all.

The Glen and Back program.

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Got no room but capitalized.

We got to stand together, it's a door survey.

Stand up straight in a full line.

It's a whole new day of time to rise.

What you are about to hear is the fusion of entertainment and enlightenment.

This is the Glenbach program.

Just when you think things can't get crazier, they do.

This administration is doing everything.

It's like opposite day.

It's like, I don't know, we slipped in a wormhole and we're in a parallel universe that is the

reverse image of our universe, you know what I mean?

And you're the only one that's like, no, that's that's a really bad idea.

Want to feel like that?

Ariel's like, nah, it's no big deal.

Wait a minute.

He's talking about nuclear Armageddon again.

Wait a minute.

He's taking on the gig economy.

Hold on.

How much is he spending here?

I think this is all bad.

Nah, don't worry about it.

Holy cow.

It has gotten worse.

And we're going to take you into the economy and what you need to be prepared for.

Since nobody will tell you what to be prepared for,

we'll do it.

Somebody has to.

Join us 60 seconds we begin.

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Carol Roth is in town.

We have a kind of a financial kind of meeting or something today, and you're in town for that.

And welcome as always, Carol.

Thanks.

It's fun to be in studio with you.

So, Carol, I just said to Senator Johnson from Wisconsin that I feel like we're on the Titanic,

and now we've hit the iceberg at full speed

and I'm looking for a band

to stop playing

so people can go oh wait what just happened and it's time to get into the lifeboats because this thing's

we got we got to save what we can and the people we can because we're going to have a lot of rebuilding to do Yeah, and it's the people who put us on course to hit the iceberg.

Wait, wait, wait.

You don't agree with my analogy, do you?

No, I do agree.

I'm very, very sorry.

I know, I know, I know.

You want me to tell you that everything is going to be a very good thing.

We're going to

be

on a mega yacht instead of the Titanic.

And it's just

not the case.

But it is these people who said, oh, that iceberg isn't there.

No, we can totally maneuver our way around it.

These are the people who said, no, no, okay, yeah, okay, so it was there and maybe we hid it, but you know, that was some other reason.

We didn't, you know, it wasn't actually there when we saw it.

But now we've got all of these great ideas on how to fix the economy.

Oh my gosh, and none of them are good ideas.

Let me ask you this.

If, let's say you're the head of the Treasury or you're the head of the Fed.

Lord help everyone, but yes.

Yeah, I think we'd be better off.

I think we'd be better off.

Oh, you would.

Even if it would be.

You would be.

Even if it was just me.

You know what I mean?

You'd be like, yeah, well, better than these clubs.

Some guy off the street.

yeah anybody off the street you don't know what your name is come here you're now the head of the fed um

let me if you were the head of the fed

and this is the iceberg part

how do you stop this from going down aren't because you have to raise interest rates

traditionally to pull money back in, but these interest rates would have to be 30% easy.

Don't you agree to pull this kind of money back in we were at 20 in jimmy carter yeah we'll get to that in a second so first of all if i were fed chair i'd blow up the entire fed powers and i'd say we're gonna we're gonna put myself out of a job at some point in time but in terms of the the problem at hand okay so wait wait let me give this so the audience understands to suck inflation goes down when you suck money back out of the system that's the theory and that's the way it's always worked hang on i know what you're thinking and the other problem is you can only make interest rates go so high before it sucks the money out that is needed to run the economy.

So

half the country is saying, we've got to have higher interest rates.

The other half of the country is saying, no, we got to lower the interest rates.

I don't know what to do except just freeze.

So let me put this in layman's terms.

You're talking about this battle between inflation and putting us into a very deep recession.

Not that we're not already in a recession, which some of the people like to pretend that we're not, but a very deep recession.

And those two things are at odds with each other.

Borderline depression.

I mean, depression really is kind of defined by the unemployment being very, very high level.

Right.

And

duration, right?

The length of how deep and how long this goes.

But there's another factor in here, which is because we are the world reserve currency, it's something called the Triffin dilemma.

So not only domestically are we at odds, odds, inflation versus recession, but on a global, from a global standpoint, you're at odds.

Do you make decisions for the benefit of the U.S., which I'm not sure that we can, but let's just pretend that maybe we can, or for the world, because the world is on the precipice of a massive global recession that could cause all kinds of reverberations here.

So this is the massive puzzle that these central planners, again, have created because because they thought, like, oh, we can figure this out, but they don't realize they aren't smart enough to figure out all these moving parts.

So as Fed chair, I need to slow the Titanic down so that we can get people, as we talked about offline, into the lifeboats versus not crashing into the iceberg because that's just not possible at this point in time.

It's not possible to save the Titanic.

Yeah, I personally don't think that it's possible.

Everyone's just like, oh, there's a very narrow path.

Okay, well, the path is like, you know, as narrow as like one of my hairs.

Like, there's no narrow path.

So let's just be honest about it.

The time to do something really was before 2008.

Once we went down the path of bailing everybody out, this is the inevitable outcome.

And everybody, you know, at the Fed and all the experts and all the banking people, they all said, no, no, no, no, you don't understand.

And I kept saying to them,

I do understand.

I don't think you're either telling the truth to yourself

or

you're just a crazy man.

Because

you can't do this at the numbers that we're doing it.

Yeah.

And the thing is that not only should they have not done what they did then, they shouldn't have kept it in place for as long as they have and they shouldn't have doubled down.

And that's the problem is that we keep having these opportunities to go, yes, we've made mistakes and we're going to change course.

No, we don't.

But instead, everyone goes, no, I think this is fine.

We're going to continue marching down.

Or I'm not seeing the problem in the way that other people are anticipating seeing the problem.

So since they're not recognizing it, we have some more room to just continue it to continue on until they wake up and realize that it's a problem.

Once you wake up and realize that the problem's there, then it becomes too late and we're in the situation that we're in today.

Monday, I did a monologue on Credit Suisse and I said,

you're going to see in two years, because the Fed doesn't have to tell you anything for two years, but I guarantee you, we are sending our money over to Credit Suisse right now to do basically what we did in 2008, save the bank that's too big to fail.

Well, I don't know why they released this information, but last night I'm reading we spent three, we sent three

billion.

How much did we send?

I don't know, but I doubt it was $3 trillion.

Yeah, I'll have to look it up.

Could you look that up?

Look that up, $3 trillion.

That would be

It's a staggering amount.

But let me tell you why they did that is because the Swiss National Bank said that Credit Suisse is a systemically important bank.

Correct.

So of course that they are too big to fail.

We can't bail out the little guys.

We have to make sure that the big cronies are taken care of.

So of course somebody was going to come to the rescue.

And when you say somebody, it's always the U.S.

And it's not the U.S.

It's you and you and you and U.S.

It's literally us because it's our money or them printing money which devalues our money.

So so isn't Europe now in the place or soon going to be in the place that we were at in 2008?

So there it's it's for a different reason.

Right, right, right.

But again, and this goes back to the Fed.

So let's tie this all in a nice little bow.

Because we have a dollar that is strong against other currencies.

It's not strong when you go to the grocery store, but it is strong against these other currencies out there.

I like to call it the skinniest kid at Fat Camp.

It's not great, but it's the best out of all of them.

And because of the energy situation that they have all created, they're dependent on importing energy.

Energy and to some extent food is priced in dollars, which means these countries need to access dollars in order to pay for these things.

So they only have so many choices.

It means they either continue to devalue their currency, they're going to have to spend more and more of their currency to buy dollars, or they sell dollar-denominated assets like treasuries in order to get the dollars to pay.

And so this is a vicious cycle.

When they do that, then

the yields go up, the dollar strengthens, and we end up in this crazy cycle again.

And this is why it's so complicated.

The Fed's decision isn't just inflation versus

a deeper recession here in the U.S.

It's literally potentially creating a global currency crisis.

It's potentially creating illiquidity in the treasury market and a crisis there.

It's potentially, you know, all risk assets could end up just, you know, being sold in a massive fire sale.

I mean, they have to think through all of those implications.

And that's why if I were Fed chair right now, where we started this, I would have to pause because I don't think that the Fed has the tools to combat inflation since they're supply generated anyway.

They can't print oil.

They can't print labor.

They don't have the tools.

So all they can do is crash demand.

And if they do, they take the whole world down with them.

Okay.

Well, I think I'm going home now.

All right.

More in just a second with Carol Roth.

By the way, you can get

her newsletter and the things that she writes at Blaze, theblaze.com.

You'll see a lot of her articles and at your website as well, Carol Roth.com/slash Glenn.

Right?

That's actually a new project coming up that you know about.

They can sign up to find out about that there.

It's going to help them battle their way back with wealth.

So Carol Roth slash CarolRoth.com slash Glenn.

Are you going to announce that today?

I'm not denouncing it, but if they get on that mailing list, they will be among the first person.

This is a really good thing.

Yes.

All right.

Let me tell you about gold.

I actually saw

a guy who was traditionally against holding gold.

And he just, did you read, I don't remember who it was, but he was a guy traditionally against it.

And he said, now it's really the time.

Now is the time.

Cause all assets, all assets are going to go way down, he predicted, way down.

And even if gold goes down, it'll be like the skinniest kid at Fat Camp.

You know what I mean?

And eventually, he said, gold always

resets.

the everything.

Do you agree with that?

I mean, we can talk about this more, but if you just think about what we just said, the Fed eventually having to go back to continue printing, these central banks having to go back to printing like we're seeing at the Bank of England,

this is a long-term trend.

You saw something out of Saudi Arabia that they're opening a gold refinery.

There is a reason for that.

So just in terms of the tenor of the global economy, U.S.

dollar as a reserve currency and all of these machinations going on,

the one thing that everyone can kind of of agree on is gold.

You know, it's amazing, too, because if you think that the government could say, we're just making a different dollar, we're just making a digital dollar.

It's going to be completely different.

At that point, no one is going to have any credibility.

You're going to have to show me what that's worth.

Show it to me.

No one will have any.

There will be no

faith in the good name and credit of the United States.

Anyway, I want you to call

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Can you explain one thing?

I saw an article out of Europe, and it said that because there are no investors because of ESG,

there's no investors in

exploring for oil, et cetera, et cetera, and the fact that we are headed towards price destruction, meaning nobody can afford to do anything, so nobody's going to be using gas,

and you're going to be staying at home.

So the price of gas will fall through the floor, they think.

Then the banks will have, or any investors will have a call

on their investment and they won't have the money to be able to do it.

So they're stuck in this same kind of trap where it's this vicious circle.

Is that true?

Is that right?

So there is a case to be made that, you know, as we

kind of go into a global recession, like a very deep global recession, that there will be demand destruction.

But you have to remember that we just had OPEC Plus decide to cut production 2 million barrels per day.

So, and

China is still kind of getting back and running in terms of capacity.

So, I don't think that oil and gas are going to go back up to the levels that perhaps we saw earlier this year.

But the idea that it's all going to come crashing down.

I mean, yes, Europe's stockpiled on gas, but it's like a three-month stockpile.

Like, what happens after that?

This issue that we have with energy, this isn't like a month-long or a winter-long issue, and all of a sudden we're going to come out the other side and everything's going to be roses.

There's massive underinvestment that's going to affect us for years.

So, it's not just that you can turn this spigot back on.

I know, you know, when you think of these big oil rigs that are out in the middle of the Gulf, those things are made

here, a lot of them, but they have specialized parts that like one company makes.

Those things are on leases for 10 years at least.

So if it pulls up here and goes some other place, South America, that's leased.

And you don't just build an oil rig like that overnight.

We're talking years of restarting.

This sounds really familiar.

It sounds like in 2020 when a bunch of people said, wait, you can't just turn off a third of the economy and then turn it back on whenever you want and there's going to be absolutely no dislocation.

Huh, that's weird.

It's the same thing here.

You're losing the parts manufacturers.

You're losing, in the case of nuclear,

you know, a knowledge base, you know, specialized expertise.

You cannot just flip the switch back on.

And there's no meaningful sort of rush towards investment because all of these companies believe that you know whoever the next regime is even if there's a friendly one in between that they're just going to double down on these bad policies so why would they make a 10 year or a 15 year multi-billion dollar investment when people are coming out saying we're coming after you yep it does you know show me the incentive i will show you the outcome that is charlie munger and it's for every single thing and in terms of energy it this is not just the next few months.

This is a multi-multi-year disaster with massive human suffering.

I mean, we're talking about already in Europe, just the implications, not just on heating your homes, but on the food sector.

Bakeries, dairy,

companies that massively use energy, they're not able to produce at the levels that they could because the energy is too

far.

Fertilizer.

Yeah.

This is what happened in Sri Lanka, right?

This is craziness.

It is craziness.

There is such a, and I can only,

you know, it's Malthusian.

You have to hate humankind to go down this road because it's so clear what the ramifications are.

And if you stop right now and go, okay, okay, okay, okay, all right, I got it.

Then, you know, that's one thing.

But to stay singly focused on this and continue while people are going to face starvation and freezing to death.

There's something deeply, deeply wrong with you.

So we've talked about this.

This is what the Fed did, right?

They stayed with that myopia.

Same thing with COVID.

Now we have it with energy.

So when we come back, I want to talk because Bank of America just said, buckle up.

We're about to shed 175,000 jobs every single month.

I don't know if that's way out of line

from a bad time or what you know what that number means I'll ask you in a second

and then I also

let's dogpile here's another bad decision

the federal government is going after the gig economy and

you can't do that to America

I mean but they are but they are so what does that mean what job is going to be safe in America over the over the next few years.

Hey, I have an idea.

We should all get together and vote.

Vote.

We've got to overwhelm the polls and send a very strong message.

Enough is enough.

The Glenn Bach program.

Okay, grab a mirror, just look into it for a second.

I know.

Handsome, right?

I know, I know.

And now just say into the mirror, I want to steal that person's money.

That person is you.

Okay, so you have to imagine you're not, you're looking at a picture, not a mirror.

Anyway, that's a cyber criminal.

They are looking at you saying, I want it.

I want it.

And you don't even have to be rich.

Nothing.

They're after your identity, but also your money.

Your good name is the thing that you will really regret losing.

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Okay, so

Uber, DoorDash,

plunge

in the stock market as the labor department proposes gig worker change.

What

does this mean?

So, I wrote about this in The War on Small Business.

This is one of those things that sounds really nice in theory and is absolutely terrible for economic freedom.

This is basically taking California's AB5 law.

And we know that California is, you know, the stomping ground, the place where they test every bad idea that they want to take national.

And they basically said, if you are an independent contractor,

that's not really going to work for us anymore.

We are going to need you unless you have your own business entity and start running yourself like a business entity.

We are going to need you to be an employee.

And that creates all kinds of issues, not just for Uber and Lyft.

They like to sell it as we're going after the big guys, but really for 32.6 million small businesses and the 53 million people who want to have flexible work.

Because as a small business owner, for me to have to bring somebody on when I might only need them once a month during a busy season or whatnot, now I have to make them an employee.

I have to pay for insurance for them.

I have to pay their portion into Social Security.

It may screw up my 401k plans and my SEP plans and all those kinds of things because now you have people who weren't employees that are employees and it just trickles through your business.

I, as a small business owner, can't afford that.

These bigger guys, they've got access to capital.

They've got big human resources departments.

They, even though some of them are fighting it,

some of them love it because it shakes out all of the competition.

And then from your standpoint, it takes away your economic freedom.

You know, they like to talk about choice.

Well, what about your work, your choice?

Why do you not get to work?

I want to work flexibly.

I want to work, you know, maybe one day on Uber, one day on DoorDash, one day on something else.

And the idea that just because somebody uses your platform from time to time to earn money, I mean, is your babysitter going to become your employee now?

The guy does your shoes shine on the corner.

I mean, you use them every week.

So why is he not your employee?

But this is a giveaway to the unions,

to this big special interest, and to certain big businesses that will crush economic freedom in this country.

It is, I just had a guy from DoorDash.

We ordered something from some restaurant and

they forgot a salad.

Now, I wasn't disappointed.

My wife was disappointed.

This guy comes and he is.

He is so great.

And usually when, you know, you have a salad as they're walking back to their car, you could have like two pizzas missing.

And they'll be like, Yeah, call them, they'll just deduct it.

This guy was like, No, no, no, no, no, I'll go pick it back up.

You know, I'll let him know the mistake, and I'll go pick it back up.

And we're like, No, really, you don't have to.

It's a salad, and I'm, you know, I'm bargaining.

Please, don't, I'll pay you extra if you don't go get it.

And

he said, No, no, no, I got, I got to go get it.

So he did.

I tried to tip him.

He wouldn't take a tip.

He said, You know what?

I have crashed.

My life has crashed.

My wife left me.

She was cheating on me.

He said, I've gone back to school.

I'm going to get my doctorate and whatever.

And he said,

I'm providing a good service.

You've already tipped me enough.

I want a fair deal and I want to do my job with integrity.

And I thought, this guy is fantastic.

Where can we hire this guy?

Where did you get his phone number?

He's fantastic.

Totally fantastic.

But he's looking at it because he can do that when he has time, when he's not studying or going to school.

Exactly.

That is huge for the American people.

Huge.

We have all kinds of job openings.

We have 1.67 jobs open for every person.

If you want to become an employee, you have that opportunity.

People don't want that.

They want flexibility.

They want the opportunity to be their own boss, do what they want to do on their time.

And you've got the government saying, I'm I'm sorry, you can't, we can't make a contract together.

I can't do what I want and say, Glenn, I'm going to work for you from time to time.

That's not okay.

We are going to dictate that to you.

We want more taxes.

We want to interfere.

And what ends up happening is it takes those jobs away.

It makes them go away because the reason these models exist around the gig economy is because they are independent contractors.

And it works for both.

parties.

When they go out and they survey these independent contractors and they say, well, would you rather be employees?

The overwhelming majority say no.

So the only people who are benefiting, again, big special interests, big government, big businesses.

I mean, can they just do that?

Can the Labor Department just do this?

There is going to be a comment period, and I will put something up on my Twitter.

We need people in force, just like you vote, you need your voices.

You need to go call your representatives.

You need to comment.

Tell them to keep the government out of economic freedom.

Let people work the way that they want to work.

Absolutely no on this.

Do they actually listen to the comment thing?

So I have been told that so few people.

Maybe not the comments, but when you call your rep, so few people actually pick up the phone and call that if they get like 20 calls, they're freaking out.

Like that's like a barrage.

So you actually can, if you get a group of people together, make a difference because it's kind of like Twitter, right?

You know, all of a sudden a few people start saying something and then everybody's saying this.

It's that squeaky wheel that gets the oil, that vocal minority that can affect change.

And especially right now, you know, everybody's on edge with the economy.

Last thing we should do is start cutting jobs.

Exactly.

You know, seems like not a great idea.

Yeah.

One last story.

Federal Reserve announced six large banks are going to participate in pilot climate scenario of social credit system.

What the hell is, what, what is this?

I think I know what this means.

Do you know exactly what this means?

Because they're saying, oh, no, no, no.

This is just, you know, everything that's as bad as a conspiracy theory.

This is just, we're just trying to see this climate thing play out to see if we can be stable and if the credit

score thing will work.

Yeah, I mean, whatever they're saying it's not going to be, you could pretty much count count on that's what it's going to be.

And that's the concern over the Federal Reserve potentially rolling out a currency they control, a central bank digital currency, not control like where they control the money supply, but where they can actually control the one that you own and they can program it and they can take away your ability to use it and all those kinds of things.

So, my guess is that is sort of what they're piloting.

They're already talking about CBDCs.

They're already trying to develop that.

And so, you know, much like we've seen some private companies try to do lately, but say, well, you know, we're not happy with, you know, you ate too much meat this month.

And so we're not going to let you buy this burger.

We're just going to shut that access down.

But hey, if you buy the healthy salad, you know, you can access it.

If not, you're going to have to wait to access your money.

I mean,

again, the opportunity here for just massive control and lack of economic freedom, it is the most un-American thing I can think of.

There was one other thing that I wanted to talk to you about.

We talked about it yesterday.

Gosh, it was just in my head now.

It just slipped out.

PayPal, central bank digital currency.

Yeah, well, PayPal is, PayPal is one.

I'm going to get into this tomorrow because we just ran out of time.

But

PayPal, you know, they said, oh, yeah,

that was a mistake.

All of that stuff.

Did you see what happens, Stu?

They're one of the saying they're going to fine.

they said they were gonna fine people 200 or $2,500

if you broke their standards.

Their standards were way broad.

And then they came back and said, How did that policy get in here?

We must have mice in the equipment here.

And it was specific to misinformation because there are actually a couple of other things that they already still fine you for that they didn't take away.

Right.

This was a new thing that they added around misinformation.

And the question is, why is a payment provider hiring a team to monitor monitor information?

On what planet does that make sense other than the planet that we've been talking about where all these different forces come together and basically conspire, using my word,

to take away your economic freedom?

So let me just give you this.

Dan Schulman, you know who he is, Stu?

He's the head now of PayPal.

Okay.

And his focus, and this is all in his, you know, on his stuff, democratizing and transforming financial services and e-commerce to improve the financial health of billions of people, family and businesses all around the world.

He has vast experience with payments and mobile technology.

He's now leading PayPal to, quote, reimagine how people move and manage money and how merchants and consumers interact and transact.

That's great.

PayPal has now been listed as one of the top companies on just capital.

Capital letters, just, just capital.

Just.

And Forbes Just 100 list, featuring companies doing right by America.

PayPal has also been recognized as Fortune Change the World company for its work on tackling the biggest challenges facing society.

Dan's leadership, now listen to this, and impact have been recognized by several notable organizations.

When I hear this,

can I guess?

Can I guess?

Yeah.

Is it the World Economic Forum?

Well, when you hear this, you'll think, holy cow, what are they washing this guy for?

He is 100 Black Men of New York honored Dan with the Excellence in Economic Empowerment Award.

New York Urban League presented him with the Frederick Douglass Award.

Let's see.

In 2021, he also received the Voices of Solidarity Award, presented by Vital Voices.

He has won the Oak Crown Honor, presented by Prime Minister Xavier Battelle in 2020, the Robert F.

Kennedy Human Rights Award.

He won the Ripple of Hope Award.

Dan was recognized by Endeavor Global with the High Impact Leader of the Year Award for anything financial in that list, Glenn?

So far, no.

So far, no.

However,

he is on the Council for Economic Education.

Okay.

Dan was recognized with the Brennan Legacy Award

in honor of the late Supreme Court justice, you know, who he had a lot in common, I guess, with common human dignity with her.

Also, he's a doctor of humane letters, blah, blah, blah, blah, blah.

Now, ranked third on Fortune's list of the world's greatest leaders.

This guy cannot get more awards, right?

Right.

Okay.

He is top 20 business persons of the year.

Name one of the most 100 creative people.

One of the top 50 CEOs.

Top 10 most innovative CEOs in banking.

He's also a life member of the Council of Foreign Relations.

He is also with the World Economic Forum as a member of their International Business Council and the Board of Governors and the Board of Stewards for the Future of Financial and Monetary Systems.

Shocked.

I'm shocked.

I tell you, I'm shocked.

When I heard the word reimagined, the last thing that came into my mind was the World Economic Forum.

And he's not just

with the World Economic Forum.

He is...

part of the WEF International

Business Council.

And you know what's so crazy is to go back to who were the two founders of PayPal.

It was the merger of Elon Musk's X.com and Peter Thiel.

These guys who are interested in freedom and free speech.

And now look what what it's become.

We're going to have to have them come back and say PayPal now, too.

I know.

I know.

They're both embarrassed by what it's become.

Both embarrassed.

Thank you so much, Carol.

We'll talk again.

Such a pleasure.

Carol Roth, Carol Roth.com slash Glenn.

Every day, the threat of economic turmoil looms closer and closer on the horizon.

We're already seeing plenty of it as inflation continues to spike at record numbers.

I don't want to be the one that gives you all the bad news, but why stop now?

You You know, things are gaining steam.

You need to prepare and you need to look for the things

that can spiral out of control easily.

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Glenn Beck.

Join the conversation: 888-727-BECK.

I have some good news.

Well, kind of good.

NASA actually knocked that the asteroid

out

its path.

Good.

I assume, considering the competence of things lately, it's now headed directly towards

that.

They hit it on the wrong side.

Okay.

Our bad.

Yeah.

No, I think the bad news is

means we won't be hit by an asteroid.

Come on, really?

Yeah.

Do we know that for a fact yet?

Maybe there's another asteroid coming, Glenn.

It'll be okay.

But they're going to make it look like it's a new revelation.

Now that they have us, you know, semi-confident that, hey, we can move that.

Now they'll be like, oh, we just saw this asteroid.

Looks like it's headed right directly towards Earth.

Don't worry.

We can take care of it.

All of the elites are going to be in this pod over here, but that's because they're going to be watching a really boring TV show there.

You stay up here on the surface.

I mean, we talked about, there's only a couple of reasons why you try to hit an asteroid out of orbit.

Number one, okay, you just want to test it out just in case something ever happens.

Number two, two, there's something coming that they know about and they need to test it out because they're going to have to use this soon.

Number three, this asteroid we hit was already coming toward us.

And you know what?

You know what?

I would only say that I wouldn't say they would do it just to see if they could do it because someday it might happen to us.

But then again, that sounds like such a waste of money.

They might do that.

I mean, that would be the smart thing to do, but they don't ever do the smart thing.

No, No, that's true.

That's true.

And by the way, they knocked it off.

It changed the orbit by 34 minutes or something.

It's like, I don't know.

Is that enough?

I mean, you know, I don't know.

Hey, we all live 34 minutes longer.

Yeah, don't worry.

I see Jack Bower and it's clicking down.

If all of a sudden it's, you know, almost to zero and it goes boop.

And in 38 minutes, I'm good.

Okay.

I'm good.

All right.

All right.

I'll accept that.

It's a little more time to figure things out.

The Glenn Back program.