How to Prepare for an Economic Collapse | Guest: Peter Schweizer | 2/2/22

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Hello, you sick twisted freak.

I want to talk about your money and what's coming our way.

What do you do to be prepared?

We'll help you in 60 seconds.

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All right.

So I want to talk to you a little bit about what is coming.

I think you need to prepare for impact.

And I'm always wrong on timing, but I am

not wrong in direction,

usually.

Would you agree?

Would you say that's a fair fair statement yeah it's been a something you said on the air for how many years now yeah where you know it's not always the timing is not always right but usually the direction is okay so i just don't think

that we are looking at a long time uh before the next event uh and the next event will be a meltdown

And

I think you're already seeing people start to pull their money out of the market.

And these are big people that are pulling their money out of the market.

And they're going to treasury bonds.

And treasury bonds are the yield is really, really low right now, which means you're not going to make a lot of money if you're in treasuries.

So why would you lock your money up into treasuries if you're only going to make

1%?

Well, because you don't believe that you can make more than 1%.

You're just getting to the point to where you're like, I just want money in the end.

I don't care about growing it.

I just want something left.

And so bonds since the 1980s have been, you know, the full faith and credit of the United States government.

Well, I want to tell you a couple of things.

I'm going to tell you this hour some things to do.

And I mean, if I don't care if you don't have any real savings, I'll give you some things to do with your money to prepare.

And then if you do have some money, some some other things.

Now, I am not a financial advisor, so you've got to think this through.

You've got to do your own homework.

It's not like I'm always telling you, you know, do your own homework.

This is true.

This is my opinion, and I am not a financial advisor.

So please do your own homework, but listen to what is coming because I have done my homework on this.

The reason why

bonds are so cheap and the stock market is going down down and Bitcoin is getting down is because people who know, people who have a lot of money are starting to sell because they are expecting or at least fearing a major crash, not just a minor correction.

And they're starting to cycle out of these things.

This is not normal.

They're trying to find some place safe for their money.

Now, if you remember that after the Great Recession, which happened in 2008, there's a lot of changes that happened to the financial markets and to the banks.

And one of them that you may not be aware of is Uncle Sam changed their rules for federally insured pensions, requiring them to keep a minimum percentage of overall holdings in U.S.

Treasury bonds.

So what Uncle Sam said was, fine,

you want us to have your back.

You have to have our back.

You have to buy bonds.

The reason why they did that is because they knew the rest of the world was going to start

not buying our bonds.

And that has happened in the last few years.

In fact, the Fed has been the number one buyer of U.S.

bonds since June of 2020.

In the fourth quarter of 2020, the Fed purchased 125%.

percent of the bonds that were put up for auction.

Usually China buys some, Japan buys some, etc., etc.

They're not only not buying them, they're selling them and they are getting out of the American business.

The Fed not only bought all of the bonds for our debt that went up for auction, but they bought the bonds that others were putting up for sale saying, I don't really want anything to do with America.

I don't think this is a safe investment anymore.

Now, I covered this two years ago

because not only did the Fed buy all the bonds offered by the Treasury, but it also virtually all bonds that were offered by sale for major institutions, the big banks, etc.

The Fed's balance sheet ballooned from 3.7 trillion that they told us to 8 trillion.

from the second half of 2020 to September of 2021.

That is much more than 100% more on their books.

All right.

Where are they getting all of this money?

The really important thing that you need to know, and I urge you, please, I know people want it in hardcover or paperback, and I think it's so important that you get the great reset

in hardcover because you're going to be able to highlight and everything else that I just don't think is as effective

in digital.

But get the Kindle version, the audio.

We're just waiting for Amazon to approve to be able to post it.

It's all done.

Everything's in,

you know, they told us yesterday or two days ago that it might take as long as two months to post.

We're like, really?

Because that's new.

But we're hoping that it will be any day that they post the audio version.

But please do your homework on this.

Time is of the essence.

The Great Reset, for this to work, they have to have money to continue to flow into our financial institutions, our banks, Wall Street, and the government.

It is essential that that happens.

Cheap cash is the fuel for the reset machine.

Without it, the Great Reset stops working.

This is why I've said, take your money into a local credit union or a local bank.

Credit union is probably better than a bank, but if you know that they keep all of their loans local and they're investing in your community, I think that's a really good thing.

But get your money out of these big banks.

Everything the Fed does from this point, in my opinion, will be designed to make it look like they're fighting inflation.

But what they're really doing is keeping money pouring into the financial system, most likely through backdoor channels that nobody understands or is talking about.

And one of those backdoor channels that nobody seems to understand or pay attention to is the Fed's lending.

Now this is something I've talked to you since 2019.

Something is really wrong.

Really wrong.

We found out last week from a Freedom of Information Act that the Fed's lending from 2008 to 2010, what they bought from the banks, we were told it was $5 trillion.

But the Fed has a two-year moratorium.

You can't ask them any questions for two years.

That seems fair, right?

At 2012, they fought it all the way to the Supreme Court to keep what they did secret until 2022, and they said it was a matter of national security.

Supreme Court bought it.

Well, it's 2022.

Now we can can know.

Came out last week.

Why

have you not heard this from anyone else

in the news media?

The Fed lied to us and said that it was $5 trillion that they gave to the American banks, but the number was nearly $30 trillion

in two years.

Then,

the lending since April of 2020 has averaged about a trillion a week.

It's now at $1.6 trillion a week.

I'll explain in a second.

If you happen to be watching the Blaze, Stu, look up at the monitor.

I want to show you a chart.

This is the chart of the Fed lending.

If you look to the left, you will see a flat line.

And then around 2008, you'll see a little blip.

Right?

That's $30 trillion.

That little blip.

You can barely see it.

Okay, yeah, yeah.

Then around 2014, you'll see that they start that this is quantitative easing.

Okay.

Look what happens at 2019.

You want to talk about Al Gore hockey stick.

It looks like the Omicron chart.

Right.

There is.

Until 2008, they never did this before.

And then they tried to keep it as low as possible.

That is $1.6 trillion

every

week.

I said last week on the special that it was $1 trillion.

It's not.

It's now $1.6 trillion.

Now here's the thing that you have to understand.

This is the Fed giving money to the banks

to, you know, JP Morgan Chase.

not only Chase, but J.P.

Morgan.

This is the Fed giving it to these big institutions.

Now, what they're saying is, well, it's this according to the New York Times, while it's massive and unprecedented, it doesn't drive general price inflation because, now listen to this, because the banks borrow this money from the Fed only to redeposit it at the Fed.

Now, first of all, the banks, the five big banks or the the banks that are left, those are the Fed.

That is the Fed, okay?

So the banks are made up in 12, strangely, districts.

In those 12 districts, those banks, they

form the Fed.

So the Fed owns the banks or does the bank own the Fed?

But it's it's the same same thing, okay?

Why would they ask for $1.6 trillion

every day and they can keep that money for 30, sorry, 90 days now is the official number,

and they take it and say we need $1.6 trillion tonight.

Okay, here it is.

Okay, thank you.

Listen, I'd like to put this in my bank account at the Fed.

Okay, here it is, $1.6 trillion.

What the hell is that?

The New York Times doesn't even talk about it.

They don't explain it because nobody, it's never been done before.

It's never been done before.

Now, remember, they said $5 trillion and the number was 30.

Experts are saying they don't think that money was ever paid back.

And it wasn't just to America.

$3 trillion went to the Bank of Japan.

$2 $2 trillion went to the banks in Germany.

This is our money, gang.

This is our money.

So what is it?

The central planners and the Fed have to keep the currency flowing into the financial system.

This is why it's going to take $100 trillion

to fight global climate.

They need that money.

They're doing it, and they're going to do it with a Fed coin.

That's what will replace our currency.

And I know that's hard for people to believe, but it is coming

because they must have control.

The goal to, the only way to slow

inflation at this point,

Think grocery stores, gas stations, and everything else, while continuing to fund the financial institutions and the big government projects,

inflation is inevitable, but they think they can control where it happens.

They want it to be limited to Wall Street, housing, and other things linked to the financial institutions.

They don't want it everywhere because you'll notice and you'll be like, what the hell are you people doing?

So they are making changes to the entire world,

the entire Western world with the Great Reset.

It is really impossible to do this, but they think they can do it.

And they're doing it through modern monetary theory.

You can print as much money as you want, but you have to control inflation by funneling money through what they believe is the right part of the economy and impose taxes and price controls on the wrong part of economy.

That is why they want a Fed coin.

That is why they want to know exactly what you're doing with your bank account, because they're going to have to stop you from doing the things you want to do.

This is all in

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If you've been listening to this program, you know that you don't have to panic when storms come, et cetera, et cetera, if you're prepared, if you have extra food on hand.

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You know what is the one really bad line from Princess Leia?

The only one where I think she has an accent?

Do you know which one that is?

In the first movie.

What?

The more you tighten your grip, the more star systems will slip through your fingers.

Yes.

Okay.

That's exactly what is coming with the Fed.

And I want you to know, if the pandemic taught us nothing else,

it was

experts running everything is a fallacy.

The public, investors, Wall Street, They go through life assuming that the government and the Fed and, you know, all the banks and everything else, they're run by people with incredible experience and incredible intelligence and incredible education, and they're practically the wizard.

But they're not.

They are not.

Did the pandemic, what did it teach us about the wizard when it comes to national health care?

Did you see that it's 0.2%

of a difference if you lock down?

We're still locked down in some states.

0.2%

difference.

It meant nothing.

Why did we lock down?

Because the experts told us to.

This is what is coming in the financial world.

They're wrong.

They are

wrong.

So what do you do?

I'll help you next.

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This is the Glenn Beck program.

We're glad you're here.

So we've been talking about

what's coming, and

it's not good.

It's not good.

So, are you predicting,

are you believing that we are around the corner of a real like collapse or recession?

The problem is

timing with me.

So, when you say right around the corner, I will tell you that a collapse is coming that will change

everything.

I believe that it will come before

this,

come shortly

before or shortly after the election.

And I think...

It's that imminent.

Like when you say the election, you mean the midterm immediately?

I think it could happen tomorrow.

It could happen tomorrow.

The more control they lose, the faster this gets out of what's going on.

And I talked to James Lindsay about it on this week's podcast.

It comes out Thursday.

It is a must listen to.

James and I talked afterwards and we both said, if we weren't talking about CRT and the Great Reset, that would have millions of views, millions of views within a week.

It is going to be shut down.

You'll be able to get this podcast Thursday if you're a Blaze subscriber and on our

podcast on Saturday, wherever you get your podcast.

But it is so important.

And we were talking about, you know, why this is happening.

And

they know

everyone involved in this, this is criminal.

What's happening, I believe, is truly criminal.

He said,

criminal, there's at least five,

five of the biggest crimes ever committed in the history of mankind going on right now.

I think he's right.

But

they know once America and the Western world see what's going on,

it's not going to, I mean, you think what's happening, look what's happening with just with COVID, the truckers up in Canada, people standing up.

When people really understand,

things are going to change.

So it's a race.

Do we wake up before they put us in a cage, a digital cage?

That's really what's happening.

So I don't know when, but they need us in a digital cage.

And the best way to do it and the last way to do it is a total meltdown of the financial system of the West.

Because that's when you change everything.

So

please

concentrate on what you have and what you need to do.

What do you do?

Well, if you don't have very much money, I would buy canned foods.

Canned foods.

Every time you go to Costco, buy more than you need and don't touch it.

Leave it.

Canned food will be not only a blessing for your family and others, but it is also something that will have great value.

If things really go to hell in a handbasket, you ain't seen nothing yet with a supply chain.

So please prepare your family for impact.

Get food that is not just to feed your family, but it can be used to trade and will be worth money.

All the way from

cans of food to, you know, nails.

And I mean, look at what happening with lumber.

What are people going to need?

Cigarettes, alcohol,

whatever it is that you know society just takes for granted.

Those things will be worth a lot.

You think bullets are expensive now?

Just wait you go from that all the way to land

do not over leverage yourself you have to understand what's coming your way so don't over leverage yourself but land if you have the money has intrinsic value i would say be careful of a rental property

why

Did you see the news that came out today on rentals?

The price of rent

is increasing at the fastest pace in decades.

People, it's 10%.

Rent is going up 10%

this year, and

they don't think it's done yet.

What happens if you are

the guy who owns the rental property?

What happens?

You're the monopoly man.

Even if you don't, if you're not the monopoly man, you're not driving, you are the one who is the evil landlord.

And you saw what happened during COVID.

So just

be careful.

And please, I am not a financial advisor.

So please, please do your own homework on all of this stuff.

All right.

So what else do you do?

Well, another thing that you really need to consider just on inflation, by the way, food, land, art, an old Mustang that has been redone.

Whatever you know will not ever lose its value.

Food is never going to lose its value.

A classic whatever that is rare, it should have scarcity

or it should be facing scarcity in the future.

The next thing you need to do is get your money out of these big banks and tell them why you're doing it.

I refuse to do business with any financial institution that is using ESG.

When you stop using ESG as a marker, then fine.

But until then, put it in a credit union, a local credit union.

Keep everything local.

Speaking of that,

if you haven't thought about your zoning committee yet, it is as important as your school board.

I guarantee you, almost every town in America has the 2030 plan, the 30 by 30,

which is part of the Great Reset.

I can guarantee you it's in your town already.

Run and win seats on the zoning committee.

You've got to keep this out of your local town and your state.

I have talked to several state legislatures in the last week.

This is starting to pick up steam, but unfortunately, I think a lot of these states are missing it.

Every red state should have, I mean, I think every state should have this, but every red state needs to have an anti-ESG bill that is tied directly to the finance

markets.

If the financial sector,

they're the enforcer of this, if the financial sector starts enforcing ESG when it comes to making loans, et cetera, et cetera, it will change everything.

The energy community knows this.

That's why they've already stepped to the plate and they're already changing the law in West Virginia because of coal, in Texas because of oil, Oklahoma because of oil.

But that's only the E.

The social justice and governance are just as bad.

Call your state and call your

legislators and make sure that they are going to pass an anti-ESG bill with the S and the G, not just protecting the oil companies.

Protect me too.

Tell them that.

I am not an oil company, but I'm going to get hit with social justice.

Also, call your congressman.

The Build Back Better bill.

They are working so hard to get that passed.

They have to have those final pieces.

Nothing in that bill can pass.

Nothing.

And it's not about the price tag.

It's about the pieces of the machine for the great reset.

I hate saying this because this is so urgent.

And

I hate the fact that this is charging you money.

But

I have to.

The great reset.

Order the book now, please.

Barnes ⁇ Noble is taking orders.

Amazon won't take orders.

Take orders now.

There's a paper shortage.

We've ordered a bazillion books, but I think this thing is going to sell out fast.

And you need this book quickly.

If you are someone who is in Congress,

if you are someone who is in a statehouse, read it on Kindle now.

Now, read it on Kindle.

Let me let James Lindsay explain why this is happening.

And it is truly terrifying that, you know, progressives have always believed in this utopia, that they can have the experts run everything.

And when they say that and you're like, oh, well, you know, maybe that's, maybe that's good.

Have you seen what the experts have done just with COVID?

And you're not going to be able to speak out against it.

They will silence you.

So there's no going back once this starts.

And it's close to starting.

Why would these companies and everybody do this?

Listen

to what James Lindsay says in this upcoming podcast on Thursday.

Listen to this.

You know, I have a theory on this.

Nope, sorry.

Not this one.

No.

The second one with James talking about how tech

thinks they can do the utopian dream.

Do they actually believe or do or

do they know they're only positioning themselves for power?

You know, I look at people like Bill Gates and Klaus Schwab at the World Economic Forum, and I think that they're probably true believers

in very significant ways, especially Klaus.

I think they believe that what's hindered, if you read the Marxism through the 60s, you get this sense that what hindered the Soviet Union was that it lacked the technology necessary to meet the production levels necessary to have a thriving society.

Capitalist society found production, but they have all this exploitation.

That was the big question that they were wrestling with.

And so now with the advent of of AI and with all of these new machines and robots and self-driving vehicles, they want to unleash, I think they actually think we can pull it off now.

That the AI can predict distribution to get around

the information problem that Von Mises pointed out and said, this is why communism and socialism don't work.

Planned economies don't work because there's information being exchanged between the people engaging in a market.

And without that information, you don't know what goods and services are needed.

So you have huge excesses of, say, steel or huge deficiencies of, say, bread, and it doesn't get worked out.

But with super advanced AI, well, they can predict what you want and give you an advertisement for it before you even know you wanted it.

So I think that there are people, these kind of highly technologist types, who genuinely believe that they're going to pull it off this time, that we now have the necessary technology to make it work, not understanding that human beings are still human beings at the bottom unless the full Marxist program is brought to bear, which is to remake humans to need different things.

Well, they are doing that.

That's the goal.

They are doing that.

Transhumanism

is the end of that, but it's frightening.

This

is what Stephen Hawking was warning about.

This is what many people are warning about, transhumanism,

where you become one with the technology.

And in the Great Reset's own words, at the World Economic Forum, in their own words, they will know what you do, where you go, what you do,

what you say,

what you think,

and even what you dream.

That's transhumanism.

Real quick update, Elon Musk just hit a milestone for his

brain implants.

And he is developing a brain implant that will be able to connect you to the internet.

That's good, right?

Let me tell you about tuttle twins.

Are you picking your kids up from school later today?

How about that mile of cars you have to get behind, inching your way towards the pickup spot?

Are you going to ask them how their day was?

Or how about the loaded question, what did you learn today?

That is where the answers are, if you can get them to answer what they didn't learn is probably more important as what they did now because of CRT you know and all of this stuff I'm not sure anymore but you you can guarantee they're not learning the stuff that is important for their future that's why the Tuttle Twins books are so successful and so important for every parent and grandparent.

Your kids must learn von Mises.

They must learn why freedom works, why capitalism works,

why controlling people never works.

All of this is covered with the greatest minds and the greatest books from history.

all made in a way that your six-year-old will be able to understand.

And then other book series for the Tuttle Twins that explain it for young adults.

It's Tuttle Twins.

Go to TuttleTwinsbeck.com.

Keep your kids sane and on the right path in a crazy world.

It's TuttleTwinsbeck.com.

Glenn Beck.

Join the conversation: eight eight eight-seven two seven BECK.

So

I don't even know what to say.

Well, let me ask you this.

We have talked about this several times.

I've had a supply chain hiccup of my own.

I've now been waiting over five months for a new car that I ordered.

I've not paid for the car yet.

Should I just cancel this order?

No, if you need a car.

Well, I mean, do I need a car?

I I mean, my car runs.

It gets me here.

I've had it for a long time.

And your car is what?

It's 10 years old now, at least 10 years old.

You know, I think it would be smart to get a car that you know is going to be running well.

You know what I mean?

Yeah.

I mean, look, I

know.

Okay.

Yeah, I know.

It's 10 years old.

It's 10 years old.

If you can afford a new car, you want everything.

Well, I can afford a car now, but if the economy collapses tomorrow, I can't afford a car.

Well,

that's a depreciating.

That's a depreciating asset.

You know, an appreciating asset.

Here's here.

Now's the time to gamble on sports.

Take your money, put it on a team.

If you lose, the government's just going to have your butt back anyway and give you all these new digital dollars.

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By the way, you should become a child care worker in D.C., they just got a check from the government of $14,000 each.

Got no room to compromise.

We gotta stand together, it's the corner of surviving life.

stand up straight and hold the line

It's a new day of time to rise

What you are about to hear is the fusion of entertainment and enlightenment This is the Glenn back program

The White House, the White House, according to the press secretary Jen Saki,

talked about the Joe Rogan experience.

The White House, and I'm quoting, wants more done by big tech companies to suppress the misinformation on their platforms.

This is a clear example of a violation of the First Amendment.

The government has no right or any power to press people, to suggest to people, to push them into violating speech.

But that's not all.

I'm going to explain not only that, but who's really behind this Joe Rogan,

this Joe Rogan boycott.

How did this happen?

Who's really behind it?

And Whoopi Goldberg, also.

In 60 seconds.

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So

I keep coming back to this idea.

You're still back on last hour.

Yeah, last hour.

I have this hour to cover.

I know.

Well, there's more to this, I think.

The last hour we talked about, you know, potential economic collapse and everything.

And one of the reasons why, because, you know, look, you're well known for predicting economic collapse at all times.

But

that's just your persona.

Yeah.

But this is a different thing.

You're making an obviously a very specific case here.

And one of the reasons why I think this one connects to me and it feels at least

more imminent is because it doesn't feel like we really paid the price for what happened through the COVID era.

Right.

Now, if you're a local business person, you own a bar and went out of business, you certainly feel like you paid the price.

A lot of people individually paid the price, but I'm talking about like the nationwide economy.

Well, let's put it, let's, let me just shore up what you're saying here.

Sure.

We thought $11 trillion was a really bad debt.

We thought $21 trillion is a really bad debt.

Today or yesterday, we crossed the $30 trillion threshold as our national debt.

That's bad.

And,

you know, never thought it would accelerate.

the way it has.

You know, so you thought, well, this economy, I mean, we can't keep spending this this way, but now we're not spending that way.

We're spending crazy amounts of money.

Is that what you're talking about?

Yeah.

So

we've been doing this show for, you know, 20 years now.

Yeah.

And

throughout that time, we both had, I think, a thesis, generally speaking, of what a large government and a large amount of debt meant, which was over time, we are going to hit a point.

that we crossed that we can't pay it off.

We can't turn it around.

And it feels like we kind of have already crossed the line of we're never going to be able to pay it off.

But we hadn't hit that point where it was so catastrophic that we couldn't still mull our way through things and still grow and with innovation.

And, you know, there was still some theoretical hope out there.

And I don't know, in my mind, and you may have had a different timeline on this, but

before COVID, I had this picture of like, at some point in my lifetime, we're going to hit this level spot.

And my kids are really going to have, we've always said, like, your kids are going to have to pay for this.

Your grandkids, at some point, coming soon to a theater near you, we're going to hit a point of debt that is insurmountable and causes real world cataclysmic problems.

And despite what we've done for the rest of the world, they will not forgive our debt.

No.

No.

And so that was coming in, I don't know, 10, 20, 30, 40, before 2050, maybe.

I don't know.

Some point in the medium-term future.

This is not a thousand-year problem, but it's not tomorrow either.

That's how I've been living.

However, with that thought was

an expectation of normalcy, right?

Where we are increasing the debt here and there.

We add a program here and there.

You know, we have a crisis here or there that increases the debt, but it's not COVID.

COVID is, it hits us and has its real world

impacts on on people and such, but then also has us spending $9, $10 trillion, the Fed dumping $7, $8 trillion into the economy

in a year or two.

That's what they're telling you.

That's just what they're telling us.

Yes, it is $1.6 trillion currently, $1.6 trillion

every single week,

every week that they are now pumping into the financial markets on a payback of 30 days or sorry, 90 days if they pay it back.

Where is that money going?

1.6 trillion every week?

And that's on top of the giant bills that we discuss routinely.

It's on top of just what the Fed is doing on a day-to-day basis.

It's on top of

the very stuff that happened before Biden even became president.

Correct.

On top of what we now know because of a freedom of information act

what they did 12 years ago when the fed said we gave the banks five trillion dollars to bail them out no they didn't and the money went around the world as well they gave 30 trillion dollars

30 30 trillion so that remember that's our entire national debt

well the fed

also

in by 2010

had already already added to their balance sheet.

They keep saying it's seven.

No,

they gave, because of a Freedom of Information Act that we had to wait 12 years for or 10 years for,

they actually gave the world 30 trillion.

So

we know that it was worse before COVID than we knew.

Yes.

We know that COVID is worse than they're telling us.

And we also know that while there was particularly short-term economic shock at the very beginning of this, we did have that.

But generally speaking, we're back to normal unemployment levels in theory.

We're back to a good stock market number.

We're back to

if you believe their numbers and you look at the stock market and you don't think, hmm.

How many trillions are going to, you know, JP Morgan?

Right.

How much, how much, how many trillions are being dumped into the stock market?

Is that number even real?

Right, but

you're picking apart the way I'm setting this up.

But what I'm trying to do is no, no, I think you're making good points here, and I think they are important.

But my point is, it hasn't felt like the catastrophe you would have expected if I told you in January 2020, we are going to completely turn the economy off for a year, or at least most of it for a good chunk of a year, and then trickle back into life where people are being paid by the government to not work, right?

Not just normal unemployment, but incentivizing them to stay home to the point where people are offering thousands and thousands and thousands of dollars of bonuses to fast food workers to come back, please come back.

All the craziness that we're seeing there, we have not felt the pain of

the scale of what COVID was to this country.

That's by design.

You can't feel it.

They know they can't, we can't feel it.

That's why I've been saying since 2019, there's something wrong in the financial sector that

started with $150 billion a week loans to these banks, and it went up to

April 2020.

They were giving loans for 90 days to these financial institutions of $1 trillion a week.

It's been 96 weeks since then.

So that's $96 trillion that has been pumped into these banks for some reason or another.

And now we find out that it's actually not $1 trillion.

It's $1.6 trillion.

So the way you as a household have these moments, right?

Let's say you're short of money, it comes to December, you take your credit cards out, you buy Christmas presents, right?

You can do that

for a while and maintain the lack of pain through Christmas because you have credit cards.

Got to pay it back eventually.

We all know that.

What we've seen here is

my,

I think, the general conservatives idea of massive spending out of control over the next several decades that gets us in trouble, but all jammed into a two-year period.

Correct.

So,

you know, it seems to me, and I keep coming back to this way of thinking, is if we somehow are able to navigate this without any pain,

and I don't say any pain, but without the amount of pain you'd expect.

Without the Weimar Republic.

Without something crazy and real economic destruction, either our analysis of debt as a whole was wrong or did not take into account enough variables.

Either von Mises

is all wrong.

Maybe MMT is completely right.

We've never seen it happen before.

Never happened.

Never worked before.

So let me just break this down on bare minimum.

And this isn't coming from me.

This is coming from Larry Summers.

You know who he is?

Oh, yeah.

He's a

very smart economist.

He's, you know,

more on the left, but a very, very smart person on the left.

I don't think he is the one that is going to slow down spending.

You know, I don't hire him as a hawk.

Right.

But he also is reasonable.

And he is the one that went to the Biden administration as a left-wing advisor, was a big Obama advisor and cabinet member, and went to Biden and said, Guys, stop this.

You're going to have out-of-control inflation.

Okay.

So Larry Summers sat down with a congressman that I talked to, and it was an open conversation, so I'm not revealing any secrets.

But he sat down with this congressman, and they had a conversation.

And he said to Larry,

So tell me the truth, what's coming?

And he said,

Bare minimum, baked in, no way out, bare minimum is 10% inflation for the next 10 years.

That means if you have a dollar today in 10 years, that just from inflation, whatever you have in your bank account, will be worth 34 cents.

Every dollar, 34 cents.

So they're going to be taking 76 cents out of every dollar

or 66 cents out of every single dollar.

That

will impoverish this nation.

And that is the guaranteed best scenario from Larry Summers.

Okay, that's pretty bad.

Now, how about if it's worse?

This is why, remember, they don't have,

you know how it feels like they can't be this wrong?

Everything they do

does not help us, right?

It's not, they're never wrong in the other direction.

We never have a good surprise from the people in Washington, do we?

It always seems to be like, wait, what are you doing?

And so many people have been led to think

maybe they're against what we're for.

No, they just see

the path out of this radically differently and they will not tell you because they think you're stupid and you will slow them down.

They don't want democracy.

They don't want a republic.

They have their plan and they're moving forward with it.

They know that if we made it 10 years and people have 34 cents for every dollar, that kind of inflation, nobody is going to be, they're going to all be voted out quickly, okay?

That's the best case scenario, that they're all voted out.

These people do not intend to keep capitalism.

They are working on something called the Great Reset.

Joe Biden talks about it.

This is out in the open and we refuse to listen to it.

They're not trying to fix us.

They're trying to transform us.

And the only way you can do that is if people are in so much pain, they'll take anyone that will bail them out.

So they have to collapse the dollar to make this work.

I really truly believe the acceleration is because we're waking up.

You got to collapse the dollar.

Remember, read Janet Yellen.

Read what the Treasury has on their own website about moving from a paper dollar to a digital dollar.

Why do you think all of a sudden they're coming after Bitcoin?

Why is the IMF coming after Bitcoin?

Do you really believe it's because people use it for bad things?

How many of our dollars have traces of cocaine on it?

It makes

zero sense

unless

Right.

Unless

you are actually trying to collapse it so you can start something new.

Remember,

they always have a solution to the problems they're creating.

This is the great reset is their solution.

And once you start seeing that, you will then start to say, okay,

all right.

I'm going to be part of a force that fixes that.

I'm going to fix that at least in my own household so my back isn't up against the wall.

Do not take a dime from the government.

Don't take a dime from them.

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10 seconds, station ID.

Okay, so let's talk about what is happening with freedom of speech because remember, The thing that they have to have for the great reset to work is they have to have cash running through the financial system.

It has to be run through the financial system to the government so they can direct where the dollars go.

That's one reason why you should be in a savings and loan.

The other thing is, they have to be able to silence the voices that are telling you things.

I believe, I truly believe that in a financial collapse, it's going to be very difficult to find me.

It is not

happenstance, and it is not because of any other view that I hold that you can

searches.

You can barely find me now on YouTube.

You can't find the stuff.

I have over 100 videos on the Great Reset.

They will never come up in your playlist.

Never.

You have to search for them.

That's why yesterday we put on YouTube, on under playlists,

everything you need to know about

the Great Reset.

You're going to have to search this stuff out.

It is shocking, shocking the way this is being held back from people and stifled.

So I don't think those people are going to have a voice to be able to warn you or tell you what's going on when it begins.

So that brings me to Spotify, the White House,

Whoopi Goldberg, Goldberg, Joe Rogan.

Who's actually behind this stuff?

What's actually happening with Joe Rogan?

You can say, well, these doctors, you know, they sent, did they?

Did they?

Are they doctors?

Really?

We're going to give you the results of a

really industrious journalist that dug into that, that little list of doctors.

You'll never guess where it traces back to.

The Glenn Back Program.

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This is the Glenn Beck program.

So let me give you a couple of stories here and tell you what's really going on.

If you look, and

luckily, we are in a place and a time now where

people know it and they're sick of it.

They're just sick of it.

They're sick of being called racist and everything else.

Those things are not working anymore.

Joe Rogan is now a conspiracy theorist.

That's going to be broken soon, and I think he's going to beat this.

Now, there was a journalist that wanted to prove what we all knew.

This isn't real.

This is AstroTurf.

Yeah, it's Jordan Schachtle.

He's got a sub stack that you can check out and subscribe to.

And he looked into the background of all of this.

Okay, so what he found, remember, this was a group of medical professionals.

This was a group of doctors that have just had it.

Okay, no,

they're academics and left-wing activists that pose as medical professionals.

Okay, they're the ones that got together.

Now, who are they?

Well, the vast majority of doctors are not medical doctors.

They're PhDs.

Like Dr.

Joe Biden, for example.

Exactly right.

Exactly right.

So they're purveyors of misinformation themselves.

So if you look at the people that were associated with this and who really are running this group, they're coming from two places, the Rockefeller Foundation,

and

which,

by the way, this person was with the COVID-19 tracking project from the Atlantic, which was funded by Mark Zuckerberg and the Rockefeller Foundation and other left-wing institutions.

It was largely a data gathering operation.

I don't know if there's necessarily all that much nefarious there, but there was

the usual suspects.

Yeah, sure.

Same group, same circles.

All right.

So the other person.

Dr.

Cat, which is a Ph.D., she's, and by the way, are you going to a Dr.

Cat?

K-A-T?

Because I'm not going to a Dr.

Cat.

Why?

You don't think of someone with Kat is

a shortening of.

Her first name?

No.

It's not.

It could be short for Kathy.

Well,

her name is Katrine Wallace.

Okay, so for Katrine, you'd go to a Katrine.

No, because it sounds too much like Latrine, but Kathy also sounds like you're an idiot.

Okay.

Wow.

Anyway.

That's a major set.

That's going to make some news.

You're going to get protested for that.

So

kind of a violation of all journalistic standards in referring to her as Dr.

Catherine Wallace

because,

you know, I mean, that's like, that's like, you know, looking at a TikTok video and saying it's the Bible.

No, it's really not.

She holds a Ph.D.

She's an adjunct assistant professor in Illinois.

She has no background in vaccines or relevant fields related to COVID-19.

She also

has done a lot of work, which is interesting,

with another group.

And there's one other person, the fellow campaigner, Abby Richards.

She's a misinformation researcher, and she helped organize things.

Well, she's actually, when it says a misinformation researcher, she's a consultant with Media Matters.

And

so they're doing research on people like me and making sure that you know that I'm full of misinformation.

Highly credible.

Or something like that.

She's the one that Media Matters launched the campaign with to cancel Tucker Carlson because he's a white supremacist.

So, you know, you have that.

And she does have her master's.

I mean, you know,

she's not a medical doctor, but she has her master's degree in climate studies.

So

she's doing well.

So this is not a surprise because they are, as we told you, what, two months ago, they are coming after podcasts.

That is their angle.

They've got to shut down podcasts.

Yeah, it's their new thing.

They've gone after Tucker Carlson a lot lately.

And

these organizations exist just to silence voices, as we know.

We've been through this a million times.

We played for you the ads that they started launching on the web where they're like, well, did you know that podcasts are blah, blah, blah, blah, blah, and you saying all these bad things about COVID-19 that you're not supposed to hear?

And

they've launched a campaign.

And so much of this stuff comes from these organizations.

You know, it's not the other way around.

It's not people are upset about podcasts and therefore these organizations start efforts.

It's these organizations start efforts and they launch multi-million dollar campaigns and go to all their friends who are journalists and say, Hey, we're about to launch a $10 million campaign against podcasts.

You should write about it because then it will look like your story.

And so they write about it and they act as if it started in the world of journalism when it doesn't.

It doesn't.

99% of this stuff is not like the movies.

It's not like, you know,

Watergate.

It's these people

who are with specific agendas

and specifically tied to these events that go to their friend reporters and tip them off so that they can get the credit for these stories later on.

And it looks like they've uncovered this big truth when in reality, it's been leaked to them by their friends as supported by multi-million dollar donors.

This is how this works all the time.

All the time.

This is almost all the news you read here works that way.

And the reason you know this to be true is

how come nobody is up in arms about gas prices?

You remember when George Bush, I mean, gas wasn't even like this and it certainly wasn't going up at this rapid pace, and yet nobody's talking about it.

No one is talking about gas prices.

And what is the president doing?

If it was doing this under Donald Trump, you bet they would have.

The border.

But the border.

The border is as bad.

It's much worse than it was when it was making news 10 months ago.

Much worse.

It's worse than anything we've seen before.

And they're doing nothing about it.

Why?

Because it doesn't fit the agenda of the journalist and all of the journalists' friends who work at places like Media Matters.

So that's really what's happening.

Now, when it comes to Whoopi Goldberg,

I can't tell you what's happening.

The chief executive of the Anti-Defamation League

was really upset at Whoopi Goldberg for saying the Holocaust was not about race.

Okay.

Here's what she said, and absolutely it was about race.

Let's be truthful about what the Holocaust,

it's not about race.

She said, it's not, it's okay, go ahead, play the clip, yeah.

The Holocaust isn't about race.

No, no, no, it's not about race.

No, it's true about a different race.

But it's not about race.

It's not about race.

What is it about?

Because you it's about man's inhumanity to man.

That's what it's about.

But it's about white supremacy.

Well,

it's not about

race.

But these are two white groups of people.

How do we have to black people?

But you're missing the point.

You're missing the point.

The minute you turn it into race, it goes down this alley.

Let's talk about it for what it is.

It's how people treat each other.

Okay.

No, Whoopee,

I mean, that could be part of the conversation, but this was about a people, a group of people who thought they were superior to other people, and they divided them by race.

I mean, you know, one drop of Jewish blood is too Jewish.

I mean, did you forget about this and the final solution?

That they're vermin because they're Jews?

I mean, I think that pretty much sounds like race,

but I don't understand how

the master race.

I mean, they legitimately get their terminology all over the place.

Right.

I'm trying to understand how the Anti-Defamation League is upset about this,

because doesn't that violate

their own definition, their new definition of race?

I mean, the ADL used to have one that said, look, it's when one group of people think they're superior over another and think they're more intelligent than the other, yada, yada, yada.

And

they take it out on different races.

Their new definition makes Whoopee's analysis accurate.

It does, because

racism can only happen by white people to people of color, according to the ADL's own brand new definition.

What Whoopi is saying

is right

with the new thinking about race.

She's not some old-timey bigot.

She's a new kind of bigot.

Yeah, I mean, here it is.

This is their new definition as changed from the old school Martin Luther King definition.

Definition.

Racism, the marginalization and or oppression of people of color based on socially constructed racial hierarchy that privileges white people.

So only white people can do it.

Only white people can be racist, but they can't be racist against other white people.

So

I don't I don't know.

I mean now maybe it's because she said it's it's about man's inhumanity to man.

And so she wasn't specifically saying it was white people's inhumanity.

Right, but if

her analysis is it's not racism because it is does not target people of color.

That is consistent with the ADL's own definition of racism.

If you go by what the ADL says is racist, then of course the Holocaust had no racist vibes to it at all.

He was not oppressing people of color.

He was replacing another race.

Now, he, of course, said that.

Well, he said, he said.

He did also do it to people of color.

I know.

So that's a whole other part of this.

It's not their very existence founded.

Is not their very existence founded on one great lie, namely that they are a religious community, whereas in reality, they are a race.

I mean, this is so, I think anybody who knows this stuff knows this.

It's very, very obvious.

This is a new, I'll bet you, this is a new point of view for Whoopi.

I think Whoopi is into this new kind of thinking, and the ADL might be parroting that thinking on their website.

Maybe.

But I highly doubt that, what's his name, Goldblatt or whatever, who is in, I mean, I've seen it firsthand, completely inconsistent on everything, it seems.

I doubt he's actually up on the new kind of racism that his organization is now pushing.

I don't know.

He's heading the organization and they changed the definition.

Isn't it more possible that Whoopi's just an idiot?

I mean, I think.

Well, yeah, that goes without saying.

Okay, of course.

I want to make sure I understand that.

Because, I mean, she, to me, it's likely that she's applying her understanding of race, which is formed around whatever she just read on Twitter in 2022, which is basically like, oh, well, white people are mean to black people.

George Floyd,

you know,

woke, woke.

This is what she, that's what, I mean, she.

And so she sees, well, I, that person looks white, that person looks white.

It can't be race.

That's why she said

it's not about race.

She said, these, these are two white groups of people.

The minute you turn it into race, it goes down this alley.

What alley?

It was two white people?

No.

It's one that saw differences and claimed that these Jewish people, it is a race, which it is a race,

that that's a race, and that race is subhuman.

That's what it is.

It didn't have to be white people.

It could be black people.

It could be anybody.

And it was of

course.

The Aryans were the master race and and everything else was inferior.

That was the whole point.

Just crazy.

Obviously, he targeted Jews beyond the level of anyone's comprehension, but it was not the only group he targeted.

Correct.

And now let me also, let me just end it with this.

Anybody who is crying for her to be

taken off the air, stop it.

She has a right to say these things.

She's stupid.

We know it.

Look at their ratings.

They've got, in the demo, they've got like 40 people that are watching that are under 88 years old.

You know, fire her because of the ratings, but you'd have to fire all of them because of that.

But not what she says.

I stand with Whoopi Goldberg being able to keep her job and not be fired because of an opinion.

That's not what we support.

And can we at least acknowledge the fact that I was watching these clips yesterday.

That show has been on the air for 25 years.

Yeah.

This is a 25-year show that is nothing but a collection of the dumbest people you've ever met talking about things they've never thought of before.

Yes.

I mean, think of just the magic that has to occur to put these dumb people on the air to talk that stupidly about the news every day.

Amazing.

And she's a despicable human being, and I know because I know her.

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The Glenn Beck Program.

This is the Glenn Beck program.

I don't want to shake your world here at Glenn right before the end of the hour.

Yeah.

But we have new development in the Spotify Spotify Joe Rogan situation.

Oh, boy.

And this is going to shatter the media industry.

Mary Trump

is pulling her podcast from Spotify.

Not Mary Trump.

The Mary Trump.

The only Trump less known than Tiffany.

Tiffany Trump.

Well, much less known than Tiffany.

She says bad things about Trump, which makes her notable to the media.

And apparently she had a podcast.

Apparently it was on Spotify.

Apparently she's pulling the podcast from Spotify.

I mean they're quaking in their ears.

They're shaking and if you can't get the podcast of

Mary L.

Trump.

What are we going to do?

What are we going to do, America?

This is a crisis.

Got no room to compromise.

We gotta stand together, it's the corner survived.

Stand up straight and hold the line.

It's a new day of time to rise.

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

This is the Glenn Bach program.

Hello, America.

I want to talk to you a little bit about China, the Olympics, the Bidens,

people

that are working in Silicon Valley, Wall Street.

How about the Republicans?

So many people seem to be willing to defend China.

You know, they'll talk a good game like, we're gonna, well, I'll tell you what, we're gonna boycott those Olympics.

I mean, we're all still going, but we're gonna boycott those Olympics.

Really?

What happened to America, especially when China is clearly now an enemy?

Where are the people that are American patriots standing up?

We'll explain in 60 seconds.

So you worked hard your whole life.

You made the right decisions.

Not all the time, but when you think about it, you know, there are a few places here and there that you might have, you know, made a different decision.

But you made it and you worked hard and you saved money.

I told you last hour what Larry Summers told a congressman last week that we are looking at 10% inflation for the next 10 years and he says locked in guarantee.

That's like best case scenario.

That means in the end of 10 years, your dollar is worth 34 cents.

Okay?

It's going to happen a lot faster than that.

It's not going to take us 10 years to change over to a new currency.

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All right, so

let's just talk a little bit

about China and what's happening in China.

China is not our friend.

It hasn't been for a long time.

Not sure it ever has been, but it's the new model for the whole world.

And it's also the biggest market.

And you know, everybody has sold out to America.

Well, now it's our turn.

Everybody's selling out, including an Olympic athlete.

When I read a headline headline of a story, I thought this San Francisco-born athlete was saying, I'm bucking the system.

I'm not going with the team to the Olympics because she's not.

She switched teams.

She's an American who is going to now ski for the Chinese.

What the hell has happened?

Now, I can't talk about her,

but I can talk to an expert who has spent, what, a year and a half looking into this?

Yeah.

Year and a half of full-time research with several people to author the new book Red-Handed.

It's Peter Schweizer.

He's president of Government Accountability Institute.

His new book is Red Handed, How American Elites Get Rich, Helping China to Win.

Peter,

you have written a lot.

of books

and a lot of it has been about you've actually had laws changed because of what you have uncovered in corruption in Washington.

You have told me this is the most frightening book that you have done research for.

Yeah.

Yeah, it is

because of the breadth and the depth of it.

You know, I've looked at insider trading on the stock market.

I've looked at the Clintons, and those are really troubling cases that to a certain extent you could argue were somewhat isolated.

This is not isolated.

When you're talking about China forging commercial ties with the American political class to co-opt them, you're talking about the president of the United States.

You're also talking about leaders in the House and the Senate.

When you go to Silicon Valley, it's all the big names in Silicon Valley.

Elon Musk, the guys that found Google.

You go to Wall Street, it's all the big Wall Street financial firms.

I quote them in the book.

I explain the deals in the book.

So it's so comprehensive.

It's almost an entire class of people, Glenn, that are currying favor with Beijing and, I would argue, doing their bidding in very important and significant ways.

Tonight, Peter and I are going to the chalkboard, and we're going to lay it all out for you, especially the Biden connection.

Joe Biden has literally sold, well, not his soul, but our souls.

He has sold America for cash

to the Chinese.

And it's clear.

It's clearly illegal and it's provable.

Yes.

But nobody's going to do anything about it.

Yeah, I mean, that's the shocking thing.

Glenn, you and I are, we were just talking earlier.

We grew up in the same area, around the same area.

We both remember the Cold War, right?

Could you imagine if the Carter family

or the Reagan family had done deals with Russian businessmen who had links to the KGB?

No.

There'd be alarm bells going off.

Alarm bells.

Impeachment

immediately.

Exactly.

Impeachment.

People would be calling for their heads.

Yes.

People would be calling for their heads.

That's precisely what you have with the Bidens.

And I'm looking forward to tonight mapping this out.

But we found $31 million.

This all comes from Chinese corporate records and documents from Hong Kong and from legal documents in the United States.

So it's not just a number drawn up.

$31 million that the Biden families received from businessmen.

Every single one of those businessmen you can trace to the highest levels of Chinese intelligence.

So, you know, what was before is that like, you know, I got the money from Bob and Bob has a neighbor whose cousin once was at a garage sale of a guy who's up in the Chinese intel.

Yeah, no, it's not that at all.

So I'll give you a couple of examples.

One of the deals Hunter got, you and I have talked about it before, was BHR, this private equity deal.

Hunter Biden's taken theirs $20 million.

He got ownership of this financial management firm.

He had no background in finance, didn't bring anything to the table.

They gave him $20 million.

This is something that no, Goldman Sachs didn't even have.

No, that's exactly right.

A unique deal for little humble Hunter Biden.

So who made that happen?

Or as my kids would say, who made it rain for Hunter in China?

The two people that made that deal happen.

One is a guy named Che Feng, kind of a mysterious businessman.

Hunter in the emails calls him the super chairman.

And at one point, he says, I don't believe in the lottery anymore, but I believe in the super chairman.

So he knew this was a big payoff.

So as Chef, as Che Feng is arranging this deal for Hunter Biden, who is Chefeng's business partner?

It's the vice minister of state security for China, a guy named Ma Jian.

They're business partners.

So it's not, yeah, it's not just that Russian businessmen,

you have Russian businesses, if we go back to the Reagan thing,

that

the co-chair or the partner is the head of the KGP.

The head of the KGB.

It's direct.

It's not indirect.

And so this guy, Ma Jian, who's the vice minister of state security, his job is foreign recruitment.

It's to recruit foreigners to spy for China.

This is the guy whose business partners with the man who sets up Hunter Biden and the private equity deal.

The other man that plays a central role in that deal and who separately transfers $5 million to another Hunter business called Burnham is a guy named Mr.

Zhao.

So Mr.

Zhao, again,

makes it rain for Hunter.

Who is Zhao's business partner?

His business partner is the family.

of the former minister of state security, the guy who runs the entire spy apparatus in China.

So, you know, when I say the highest levels of Chinese intelligence, I'm not talking about some mid-level analyst.

I'm talking about people at the very top.

And the problem is, Glenn, every single deal that we know of that Hunter got in China has a link to individuals who are juiced in at the highest levels of Chinese intelligence.

So this is not a story.

What are you thinking they're getting in return?

Well, that's the question, right?

What I know is Chinese intelligence does not run a philanthropy.

They're not businessmen.

They're not looking to be a drug rehab program

for Hunter Biden.

They don't feel sorry for him.

They're like, you know, he's really screwed up his life.

Let's give him a shot.

Right.

That's give him a a 20, you know, a 20 billion or million-dollar business here.

Yeah.

It's not happening.

Yeah.

No, it's it's so it's clear what they want.

They want to compromise this political family as they do with other families.

But the Biden one is particularly troubling because the concentration of all these intelligence sources and the fact that Hunter does something really weird.

Now, I know Hunter does a lot of weird things.

This is

pictures from the laptop.

This one, in the context of who he is doing business with in China, is really shocking.

In the summer of 2014, Hunter Biden goes to the Secret Service, and the Secret Service has confirmed this to the U.S.

Senate.

He goes to the Secret Service and says, I don't want you guys traveling with me when I go overseas.

Now, you know, the Secret Service...

is going to resist that and say, we need to do this.

It's about your protection.

But Hunter Biden insisted, and they stopped traveling with him.

That's unusual because you go overseas.

If someone kidnaps the vice president's son,

we're going to have to rescue him.

Exactly.

Exactly.

And the biggest threats you're going to face are going to be overseas, and not to mention honey pots and all the other, you know.

So clearly, Hunter did not

want the Secret Service or federal law enforcement to know what he was doing.

Maybe that's tied to the drugs.

I think it's also tied to the fact that he knew he was doing deals with people that were juiced in in this way.

Now, the reason why this isn't going to happen is because everybody's doing it.

Yeah, a lot of people are.

Yeah, there's no question about it.

And it's a bipartisan problem.

Right.

There are Republicans that bring up the Biden thing as they should.

To me, that is the biggest issue because he's the commander-in-chief, president of the United States.

But you've got people on the Republican side of the aisle, Mitch McConnell and his family.

What a surprise.

Who are,

let's just say, leveraged to Beijing.

What does that mean?

Well, so Mitch McConnell is married to Elaine Chow, the transportation secretary in the Trump administration.

Her family has a shipping company called Foremost.

When they got married back in the early 1990s, Mitch McConnell is a U.S.

senator, traveled with his father-in-law, James Chow, to Beijing to meet with top government officials.

Now, this was right after Tiananmen Square.

There was no political figures going to China at all.

They sit down, and basically what comes out of that deal is an agreement that China is going to help the Chao family shipping business.

And so it goes from being a small company with a couple of ships to today it's a massively successful multi-billion dollar enterprise.

And so what does China do for Mitch McConnell's family?

They build all the ships, the massive super bulkers that drop.

They build all the ships.

The financing of the construction of these ships, you know, one ship can be $100 million.

It's financed by Chinese state banks.

The crews.

Which is Communist Party.

Exactly.

Absolutely.

Is there any way to do business in China without Communist Party?

No, not at that level.

Maybe if you buy a bag of potato chips from Beijing, but yes.

But you're right.

This is not Bank of America.

This is Bank of China, which is the Chinese government.

The crews that man the ships.

I'd like to point out, I think Bank of America is directly connected to the U.S.

government at this point, but I digress.

Right.

So, but you've got the ships being built, you've got them being financed by state-controlled banks, the crews are all Chinese provided by the Chinese government, and most of their contracts are shipping state-owned enterprise goods around Asia.

So, when I mean leverage, the Chinese government, if Mitch McConnell were to do something they did not like, could literally destroy the family business overnight.

That's leverage, and that's what Beijing wants.

They call the strategy elite capture.

If we can capture foreign elites, make them sort of bend to our will,

then we are effectively decapitating our enemy.

Tonight, we're going to outline all of this from the White House to Wall Street to the Capitol.

We are going to put a chalkboard together, and Peter is going to be there.

He will show you the facts so you know, this is.

This is why we are, this is why we're not serious about China.

I mean, when Donald Trump, you know,

he's got a deal and maybe he's going to build a hotel and maybe he's going to build a hotel.

Look at what McConnell is doing.

There's no maybe it's happening.

Look what this president is doing.

There's no maybe

the $30 million has already arrived to their bank accounts.

So there's no maybe, possibly, we don't know.

Let's investigate.

All All of the facts are very clear.

The question is, have we already been sold out to China so far

that nobody's going to do anything?

That's my guess.

We'll continue our conversation with Peter Schweizer coming up in literally one minute.

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10 seconds, station ID.

So, in the book, you talk that you say that there are 20 former U.S.

senators or members of Congress that went to work for the Chinese intelligence?

Military?

Yeah, they lobby on behalf of Chinese intelligence or military-related companies.

So, these are the companies that develop the software to spy on the Uyghurs.

These are companies that are involved in developing military-related technologies.

These are companies like Huawei, which both the Obama and Trump administration said is a proxy for the military and their technology is used by the Chinese intelligence and military to spy on Americans.

These are former senior Republicans and Democrats from the Senate and House who are getting paid large sums of money, in some cases a million dollars a year, to lobby on behalf of these reprehensible companies.

And these companies, you followed the thing on the 5G.

Yes.

Okay.

5G ready to roll out.

We've done all kinds of testing.

The companies had time to talk to the FCC, tell us what you need.

The FCC listened to them, gave them, I think, double what they were asking for in bandwidth

to protect our flights.

And then suddenly, as it's getting ready to roll out, they say, whoa, whoa, whoa.

And I talked to the FCC commissioner and I said,

I think this is the Biden administration and others saying,

no, stall that, because it only helps Huawei and hurts us.

If we can't roll it out across Europe, well, they're going to go with China.

Right.

And all of our information, everything, it's...

all about data collection with China.

Yes.

Correct?

Yeah, no, that's exactly right.

You know, the future in technology is artificial intelligence.

And what what experts will tell you is what matters in artificial intelligence is data.

And China is the OPEC of data.

Part of it is because they have so many people.

Part of it is they have this intrusive state so they can collect data on whatever they want.

Part of it is they collect data on Americans through TikTok and through these other, you know, could you please explain this?

Because I'm going to play this to my kids because my kids roll their eyes when I'm like, it's Chinese.

Right.

Don't do TikTok.

Don't look at it.

Don't open the app.

Get rid of TikTok.

And they think I'm crazy.

Yeah, no.

I mean, TikTok is a Chinese owned, controlled company, and TikTok censors.

I mean, there are people that have put up sort of anti-CCP

statements about human rights abuses.

TikTok takes them down.

They shut them down and they allow other political content.

So, you know, the thing people have to understand is that if you are a major player in China, meaning a major company, you are fused fused to the state completely and entirely, because that is the way Xi has changed this country.

It used to be that way, but it was softer.

Over the last 10 years with Xi, he is moving in a direction where they are fused together.

And what he has said, Glenn, repeatedly, I mean, it's not, you don't have to try to figure it out by divining the tea leaves.

What he said repeatedly and bluntly is that the technological race with the United States is a war, and China intends to win the war.

And they are right now.

They They are.

And

to achieve the commanding heights, in his words, in this war, he wants to win the battle of artificial intelligence.

So what's happening, Glenn, what's happening is Google and Microsoft, I talk about this detail in the book, are financially supporting and providing technical support to research labs in China that are known to be entirely fused with the Chinese military.

So you have two of America's most powerful technological technological companies aiding and abetting Beijing in their competition with us.

Microsoft, Microsoft, maybe you need to think about this here, Glenn, Microsoft accepts interns from the People's Liberation Army.

I mean, it's insane.

You know, the notion that they would wander around, it's just unbelievable.

And this is the mindset of Silicon Valley.

They don't care.

They don't feel that they are, you know, particularly American.

For them, it's all about the technology.

And we are allowing them to do this.

We are allowing them to undermine us.

Tonight, 9 o'clock, Blaze TV, my Wednesday night special.

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This is the Glenn Beck program.

We have an amazing update from CNN that we have to pass on.

Breaking news.

This is from the head of CNN, Jeff Zucker.

He says, as part of the investigation into Chris Cuomo's tenure at CNN, I was asked about a consensual relationship with my closest colleague, someone I've worked with for more than 20 years.

I acknowledge the relationship evolved in recent years.

I was required to disclose it when it began, but I didn't.

I was wrong.

As a result, I am resigning today.

Oh my gosh.

Wow.

Now,

think of the body count.

Oh, yeah.

I wonder how this information came out, too.

Can't you see one of Cuomo

intentionally

with knowledge of this and pissed off?

He got fired.

I don't know.

I mean, that's speculation on my part.

But now, what is not speculation is the Cuomos have now brought down Andrew Cuomo, Chris Cuomo, the president-CEO of CNN, the head of the human rights campaign, and Time's Up.

And by the way, the person he had an affair with, who is the, I believe, the chief marketing officer of CNN, is a a former Andrew Cuomo aide turned CNN executive.

Oh, my gosh.

This is

a cesspool.

It is a cesspool.

I don't know how.

It's a success pool.

How did we not have, or at least be offered sex when we worked out?

I know, we got nothing.

They just were all disgusted with us.

Just like everywhere else we go.

It's weird.

I know.

There's an advantage to being ugly and conservative.

You just don't get those kinds of offers, I guess.

Peter Schweizer is with us.

Peter, let me stay on the media here for a second.

Yeah.

Have you seen the latest from the New York Times?

What specifically?

That

it's translated into Chinese, all the stories are.

Yeah,

it's amazing.

And it doesn't surprise me because all these major news outlets are screaming to get into China.

Some of them are owned, of course, like Disney owns ABC News.

They're eager to open up more theme parks and their films.

You cannot count on the media, major media outlets, I think, to do coverage on China because because they're so desperate to get in there and do business.

So why is that part of the reason why no one will expose the corruption in Washington and in Silicon Valley?

Yeah, I mean it's it's what they used to call in the Cold War days a mutual non-aggression pact.

So you've got major Republicans, major Democrats.

So of course you're not going to have Mitch McConnell call out Joe Biden's family ties to China because obviously people would ask questions about his.

Certainly, I think the Biden ones are much more troubling than McConnell's are.

He's just the commander-in-chief.

I mean,

it puts Afghanistan into question.

Right.

I mean, we gave the airport to China.

Yeah.

Our what billion-dollar airport we handed to China.

That was convenient.

Yeah.

You know,

the idea of just even the Olympics.

Just the question of the origins of the COVID virus.

Yes.

You know, that he says that, oh, I've asked President Xi about this.

Of course, they won't release the transcripts.

And now some of his aides have come out from the White House saying, no, we don't recall that ever coming up in the conversation.

To me, the origins of the COVID virus are like a basic fundamental question we all in the United States want answered.

A million people have died.

It's shut down the economy.

The people that don't want that question answered are these elites that are tied in with Beijing.

In the U.S.

House of Representatives, Nancy Pelosi, who I lay out her family's ties as well, since January of 2020, when COVID started, Glenn, she has refused to allow a single congressional hearing to even discuss the origins of COVID.

Was it a lab leak?

Was it man-made?

Was it just, you know, something that naturally occurred?

She won't even allow a congressional hearing on that very basic question.

Well, they said that

Donald Trump was a racist when he was saying it's China.

Right.

It is so clearly clearly at least very, very,

very possible.

I mean, I think to the point to where,

I mean, you're a moron if you don't think that we should just at least really look into it.

Right.

And

they immediately all dogpiled on Donald Trump.

Right.

Just the

trade.

barrier that Trump put up.

I mean, I am not for tariffs.

Right.

And I talked to the the president at the time, the first time we had spoken in like three years.

And he called me and I said,

you know, I am not a fan of trade barriers, but China is a different story.

They are an enemy.

And he said, they're our biggest enemy.

Right.

Our biggest enemy.

And he's really the first national leader in the United States that has said that.

We've had this consensus among Republicans and Democrats, Bill Clinton, George W.

Bush, Barack Obama, you name it.

The The idea that if we just give them open access to our markets, we give them access to our capital, we give them access to our technology, they're going to become more like us, Glenn.

That was the consensus.

Was that ever true?

Ever true.

No, it has been catastrophically incorrect and wrong.

Now, nobody's held an account for it, but everybody knows that now.

The problem is people

keep clinging to this idea.

They call it engagement.

Well, we need to have engagement with China.

What they mean by engagement is give them access to our capital and our technology.

And that's what China wants.

What they're looking for from these elites is not a robotic following of everything they want.

If you come out, if Pelosi comes out and condemns them for the Uyghurs or Joe Biden says, oh, the human rights are terrible, they don't care.

Their strategic principle, loosely translated to English, is they want big help with a little bad mouth.

And the little bad mouth, they understand to maintain viability and credibility, you have to criticize China from time to time.

The question is: are you going to do anything about the things they really care about, which is access to finance and access to technology?

And as long as you don't do anything there, they're very happy.

And that is exactly the posture of the Biden administration.

We have people

who were former defense secretaries.

We have people in the Pentagon that have deep ties to China.

Yes.

Yeah.

Again,

can you imagine during the Cold War?

Yeah.

You've got Bill Cohen, who is the former Secretary of Defense in the Clinton administration.

He's now got a slew of retired generals, including

people that served in the Trump administration.

Does this go to, what was the guy's name who called,

was it China?

In the Trump administration, the Cohen.

Mattis.

General Mattis.

Yes.

General Mattis now works for the Cohen Group.

So that's why when he called the Chinese and said, look, they're not going to, that's because he's on their payroll?

Well, yeah, so we're probably talking about two different things.

Yes, we're talking about two different things.

But Mattis, yes, when he served in the Trump administration, he was seen as more pro-China than others were.

And when he left, he joined the Cohen Group.

And the Cohen Group has all kinds of agreements in China, business they do.

In fact, one of the things that defense

they they primarily helping Chinese state-owned companies capture foreign markets.

They work with and for Chinese state-owned companies

helping them gain markets overseas.

And I quote from a meeting that was published in the Chinese media of Bill Cohen meeting with the Chinese official on this and saying, yes, we're eager to help you expand your market reach around the world.

And these are Chinese state-owned companies, the big mega corporations.

I think think you're thinking of Millie, by the way.

Yes.

Yeah, Millie.

Millie.

Anything on Millie that you know of?

No, nothing that I've seen on Millie, but it's a problem with a lot of retired generals, former CIA.

They go to these consultancies, Glenn.

A lot of former secretaries of state have them.

Condi Rice has one.

Madeleine Albright has one.

And they all do deals in China.

Madeleine Albright, 40% of her business is doing business in China.

It is

IBM

during the Holocaust.

It is.

Absolutely.

Especially Google and Facebook.

They know that every bit of technology they help them with is helping China round people up to kill them or to sterilize them or to re-educate them or to make them literally into a state slave.

They know it.

They know it.

Is there no one that has a conscience?

There's a few.

There's a few.

People that are probably a little less well-known.

Peter Thiel, for example, he was one of the co-founders of PayPal and others.

He's been outspoken and has called out these big tech companies for doing this.

I don't know if that makes him less popular among those Titans.

It probably does.

I'm forgetting his name right now.

The founder of DocuSign, which of course a lot of people have been using, has been critical of cooperation with China.

And there are a few others, but all the big ones, Bill Gates of Microsoft, neck deep in China.

He's trying to help China build nuclear reactors that have military application.

He has invested in a company called BYD, along with Warren Buffett, by the way.

BYD develops technologies that are applied to Chinese missiles, their launch technology, which, of course, the missiles are targeted at the United States.

This is the sort of thing that's going on, and there's no accountability, and nobody is challenging them on it, and we need to change that.

By the way, I don't know if I know you know this, but didn't Biden just pardon some university professors that were caught up in China?

Right?

There were some charges dropped, yes.

Yeah.

Yeah.

There were some that

had lied.

If you're a researcher receiving federal money for research at a university in the technology field, you're required to disclose if you have any foreign contracts.

And obviously they're concerned most about Russia and China.

And these individuals, these professors did not.

They lied on these forms.

And that's a big deal.

This is not like getting your birthday wrong.

I mean, this is a big deal.

I mean, unless it's with China, apparently, because then you can have the charges dropped.

Correct, correct.

The charges have been dropped.

So this creates, in my mind, open season for these researchers.

And unfortunately, a lot of them don't feel moored to the United States to where, no, I want to help my country succeed succeed in this tech race, so I'm not going to help China.

A lot of them act like hired guns and they're willing to do it.

And the universities themselves are increasingly taking foreign donations from

Chinese.

These are Chinese oligarchs linked to the CCP.

They founded state-backed companies like Alibaba.

They're sending hundreds of millions of dollars to college campuses.

And the universities are required by federal law to say, we got a foreign donation from China, but they either don't disclose it or the Chinese titans

set up an entity in California and make the donation pretending that it's not actually coming from China.

So you have universities that are hiding the fact that they're getting money with strings attached from Beijing, and we need to call them out.

All right.

So a huge chalkboard tonight with Peter Schweizer.

He has a new book out.

It is called Red Handed.

It's, I mean, there are so many things to worry about, but China is the new model for us.

And if we don't get our people out of business with China,

we're either going to be under our own kind of totalitarian regime or we'll be under a Chinese totalitarian regime.

The stakes have never been higher.

Tonight, we're going to show you what happened and give you some of the highlights his new book and also what can we do about it.

It's important.

There are things.

Remember, Peter has, Peter has had Congress change laws about them.

All it requires is people to know about it and to stand up.

And this is,

I think that, would you agree this is treason in some cases?

Yes, absolutely.

Absolutely.

That's a pretty big charge, and he'll prove it tonight at 9 o'clock only on blazetv.com slash Glenn.

Use the promo code Glenn and save on your subscription.

Thank you, Peter.

Appreciate it.

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This is the Glenbeck program.

With everything that is going on, you can see that the center will not hold if we don't have a center.

And center doesn't mean political center.

No.

means being centered in

good things, in decency, in empathy, and all of those things.

That's what we need to work on as individuals.

All the basic things are being turned around.

I was reading a story the other day, Glenn, where they were talking about dating.

And now,

as you and I,

we're quite a ways away from dating at this point in our lives.

Even if we were single.

Yeah, no one would be dating us.

But apparently, as you may know, a lot of people use the intranets now for their dating, and they use these apps.

It's a super highway.

Yeah.

And they're explaining this.

This is a fascinating take on this because everyone is on the apps now.

And that's the only way you do it.

And part of that is because

there's a recording of consent, right?

The person is consenting to you through a digital device and giving you a digital consent that, yes, we want to talk.

And then they describe the other side of this, the old school way, the way everybody as of 10 years ago met whoever they married.

And that's now seen as like the creepy thing, right?

You're going up to someone, you're flirting with them,

you have some other expectation while you're talking to them about work or whatever.

And

that's now presented as the whole thing has been reversed.

Everything is going to be reversed.

Everything is going to be reversed.

For instance, I've always thought that it was the right thing and it would be successful in business if you keep your nose clean.

We're finding out now from CNN

Zucker has just stepped down because he was having an affair with somebody in Cuomo's office.

Yeah.

And that's why they were protecting the other Cuomo on CNN for so long.

How many times do we ask that question?

Why are they protecting Cuomo?

Why are they protecting Cuomo?

Well, he knew about this.

We need the dirt on people.

Yes.

Unfortunately, we don't know anybody.

They all hate us.

So we can't get...

Crap.

Anyone have any dirt on anybody powerful that we could use?

This is the Glen Back program.