Bernie PRAISES China for Its – Capitalism? | 8/28/19

Good morning.

Hello, Stu.

How are you?

Wonderful, Glenn, and yourself.

Oh, my gosh.

I've got a great show lined up.

We're going to talk about Bernie Sanders and communism in the first hour.

Second hour, we're going to talk about a new economic theory, which spells collapse.

And third hour, let's do heroin.

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The fusion

of entertainment and enlightenment.

Welcome to it, America.

It is Wednesday.

It is Wednesday, isn't it

thank you thank you god bless you it's wednesday

socialist bernie sanders oneing one of the leading presidential candidates yesterday tried to uh tried to praise communist china which is in and of itself an interesting thing to do But he ended up praising capitalism.

Capitalism, communism.

Where are we headed?

That and the Soviet Union's Constitution.

Tell me where we're headed.

All that coming up in one minute.

This is the Glenbeck program.

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Now you tell me what's wrong.

Here's Bernie Sanders, audio of Bernie Sanders yesterday trying to praise communist China.

But what we have to say about China, in fairness to China and its leadership, is if I'm not mistaken, they have made more progress in addressing extreme poverty than any country in the history of civilization.

Okay.

Bernie,

I think you...

I do not think those words mean what you think it means.

What he didn't talk about was that it is the free market principle that China started to enact that they got from us.

It wasn't communism.

Never before in history have so many people escaped poverty in such a short time in the past decades in China.

Okay.

According to the official World Bank figures, the percentage of extremely poor people in China in 1981 was 88.3%.

By 2015, only 0.7% of the Chinese population was living in extreme poverty.

Now, wait a minute.

Poor people in China fell from 878 million people to less than 10 million people since 1981.

Now, what happened?

What happened?

Well, under Mao, the state had, you know, an omnipotent grip over China's economy.

What happened over the last few decades can be summed up in a couple of sentences.

China embraced the tenets of a free market economic system.

It introduced private ownership, gradually reduced the influence of the once all-powerful state over the Chinese economy.

Now,

they are still communists.

And is still state-controlled much of it.

But you also have these independent companies, these companies that are not collapsing.

These companies that are run by the state are collapsing, as we pointed out earlier this week.

China had to print

$50 trillion.

50 trillion.

Half of that went right to these state-owned companies that are dying.

The state still plays a major role,

but it is its free market capitalism

after the death of Mao

and the death of communism.

Let me give you this story, Bernie.

Here's another story for you.

Tell me if this sounds like communism or a celebration of capitalism.

Quoting the story,

it was no surprise that the crowds at China's first Costco location would be big,

but the company wasn't prepared for this.

The photos of the opening of the Shanghai location of Costco

painted a clear picture of the reports coming out of China, which said that a deluge of shoppers clogged up parts of the store and built up traffic on roads right outside of Costco, resulting in a three-hour wait for a parking space.

Shoppers crowded the meat department, which included the Costco rotisserie chicken and the food court.

Elbows and arms were thrown in every direction as customers attempted to pick up various items.

The sheer amount of people forced the store to shut down hours early.

And a text message to members reportedly read, in part, to provide you with a better shopping experience, Costco will suspend business in the afternoon.

Please don't come.

Now,

why were they there?

Well, the deep discounts that a Costco membership gives you.

This is something spectacular in China.

The usual items offered to first-time customers at the Shanghai location had discounts also on other luxury items.

The South China Morning Post reported that you could get Prada tote bags and MCM leather backpacks.

There is also reportedly an Hermes super popular Birkin bag available.

We don't know the prices of it.

Even if you did manage to get a big ticket item or even something smaller on a smaller scale, such as food, checkout was a nightmare.

If you managed to wait the three-hour wait to get a parking space,

when you got the parking space you were warned that it could take two hours just to check out

all in all costco managed to stay open until 140 p.m

five hours after it first opened

now

it's a costco

We have them everywhere.

They're great,

but are you waiting five hours to buy something at Costco?

No,

no.

So is it communism, Bernie, that has everybody excited and is lifting people out of poverty?

And if it's communism, how come it didn't work

under Mao?

What changed?

Oh, these people are crazy.

Truly, truly crazy.

You know, there are times, there are a few days that I can recall

in every broadcaster's life, there's a few days where you're like, wow, really?

I mean,

things happen that are so crazy, you can't believe you have to tell the American people about them.

Let me give you one.

This week,

while listening to Barack Obama talk about the dangers of a rising ocean due to climate change,

you're listening to maybe his clips or you're lucky enough to be able to get online and listen to his speech.

While he's giving that speech,

it's announced that he bought a $14 million

beachfront home on Martha's Vineyard.

Now, I don't know if you have an awful lot of credibility if you are giving a speech about how all of our beaches are going to go away and there's flooding coming and all of the islands will be gone and that day you're buying a $14 million beachfront home.

That's one of those days that you're like, I can't believe I'm, I can't believe I have to say this.

I can't believe there are some people out there who are like, well, no, wait a minute.

How about this one?

A day in the life of a broadcaster where you have to say, hey, by the way,

I'm just going to let you know that, yeah, Hillary Clinton kept a private email server with classified government documents in a closet in her bathroom for more than five years.

She wipes all the hard drives while under investigation.

And this week it also looks like the FBI knew about this huge stack of really, really vital documents, and they didn't look through any of them.

That's when you look back and you go like, wow, Bernie Sanders praising China.

Talking about how they're lifting people

out of poverty while they are building concentration camps.

Really, dude, are you serious?

Today is truly one of those days.

This week we've been focused on key economic issues.

Our two all week, we've been explaining what is happening, what is coming, using common language, not talking, trying not to talk over people's heads, trying to make everything understandable because no one on TV will.

Monday we looked at the

economic system, the situation in which we find ourselves, the long daisy chain of crazy progressive ideas that have been going on for 100 years, who is wrecking the economy?

Well, the answer was all of us.

We looked at the trade war with China.

We reviewed the fact that China has created more than $50 trillion

in off-balance sheet currency, using more than half of that to buy up U.S.

and Western nation equities.

In other words, they've taken about $15 trillion and put it into our stock market.

You want to talk about a death spiral.

Yesterday, we took a deep dive in recessions.

We told you how government intervention to prevent or reverse

recessions creates distortions in the economy.

Today,

wow, we're going to take a look at a leading proposal for financial policies that is happening right now in Washington.

And when you hear it, it's one of those days for a broadcaster where I can't believe I actually have to explain to the nation why just unlimited printing of money with nothing to back it up is a bad idea Bernie Sanders Elizabeth Warren the squad Bob Francis O'Rourke all of them are now saying we can do that and they're calling it a modern monetary theory.

It's not a theory

and I'll explain explain at the top of hour number two, the next hour on this broadcast.

You don't want to miss it.

But

I want to go to a story where you are seeing them, this one from the Washington Post today, where you are seeing these candidates now say, we can print unlimited numbers of cash because we want to promise everybody certain things.

And as I was reading this story in the Washington Post today, I thought, hmm, I've seen someplace else that guaranteed those other things.

And I looked at one of the producers and I said, Could you print the Soviet Constitution out for me?

Because I think that's where it was.

Wait until I read the Soviet Constitution to you or parts of it.

Even if you've read it in the past, you won't believe how close the Democrats are to quoting the Soviet Constitution.

That's how far we've come.

That coming up in just a second.

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We pause for 10 seconds, station ID.

All right, I want to talk to you.

Let me start with Bernie Sanders again.

Now, this is a story from the Washington Post.

Washington Post, 2020 Democrats have embraced seemingly every big left-wing economic idea, except this one.

I'll explain.

Bernie Sanders says every American should be concerned about the rising federal deficit.

Do you think he means that?

Because I don't.

I don't think he means that at all.

Elizabeth Warren has detailed how she would raise enough Nunda tax revenue to pay for her proposals for universal child care and free college for everyone.

Do you think she cares about the deficit?

More than Bernie Sanders,

but not enough to stop her from these crazy proposals.

Long shot candidate Andrew Yang, who perhaps is best known for the memes around his candidacy, has called for a broad-based consumption tax to finance his signature issue of universal basic income.

In a Democratic presidential primary, says the Washington Post, where candidates have championed many ideas once relegated to the far left of American politics,

a federal jobs guarantee, forgiveness of student debt, reparations for the descendants of slaves, there is one left-wing economic position that no one has espoused, and that is the idea of modern monetary theory.

Okay,

that's not true, Washington Post.

It argues that the U.S.

government can never go bankrupt and therefore does not need to raise tax revenue to fund new spending initiatives.

MMT supporters say it's a mistake to push for lower deficits because that risks contracting spending and as a result slowing economic growth.

So what they want to do is

they want to make sure that

you never have a recession, you never have a problem with anything

like losing your job because the government will just keep things going.

Now, I want to go through some of their proposals and next hour I'm going to show you where they are quoting

the modern monetary theory.

So the Washington Post doesn't know its ass from its elbow on this because I can find the quote in one Google search.

Google hasn't trapped us out of that information yet.

So

they are proposing this, but I want to show you what they're proposing it for.

And then

I think we should compare it to the Soviet Union.

Now,

let me just give you

a universal truth.

It's not a theory, it's truth.

We've talked about Kondrakiev.

I think that's how you pronounce his name.

He was Stalin's economic advisor.

And Stalin said, hey, which is better?

Capitalism or communism?

Now, I know what to say to Stalin.

Oh, communism, sir.

He thought Stalin was looking for an honest answer.

So he goes back, he takes several months, and he comes up with what's called now the Kondrakyev wave, which is there is a spring where green shoots, new ideas sprout up, and then they start to create this great economy.

And then we get into summer where everybody thinks it can never end.

And then fall comes, and everybody starts saying, wait, we got to bail everybody out.

He said, but capitalism doesn't.

The Soviet Union bails everybody out and so they let the failures fester and eventually it sucks everything down where you just have to realize fall and winter are part of the cycle which will lead to spring all that all that stuff hibernating or dying actually helps the soil

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Welcome to the program here.

888727BEC is the phone number.

Thank you.

Pat Gray has joined us here in studio.

And we've had some questions that have been percolating here since the beginning of the program.

We've been in the middle of a very serious monologue, and I didn't think it was necessarily the right time to ask them.

Still in the middle of it.

Well, I just feel like the audience is now,

especially the audience on Blaze TV, Blazetv.com promo program.

The audience on Blaze TV, I know where you're going, and they are not confused.

So

are you wearing two shirts with a hole in it, or is there

a giant towel on your shoulder?

It's two shirts and a towel, right?

Two shirts.

That's what it is.

Towel?

Is it a.

No, I'm glad both of you own guns.

I'm glad both of you own guns.

We do.

We do.

But no, and I'm glad.

What does that have to do with your shirt?

Right.

The two shirts and a towel.

This is a shooting shirt.

Oh, a shooting shirt.

Oh, you can't shoot guns in a normal shirt.

No, no, that's not.

That's not a shirt.

I've got an extensive shooting shirt closet.

Yes, right that I do.

You too?

Yeah, yeah, yeah.

We put a whole new wing on the house just to store

shooting shirts?

Yes.

Yeah.

And that's

what.

I've got the riding pants in another wing, though.

Did you win a wrestling match with a bunch of construction cones?

Is that what happened with this particular?

No, I had an Oompa Loopa and a headline.

I mean, I don't think I've ever.

It's great.

It's a good look, though.

It is.

I can think of it well on TV.

No, it's good.

I like it.

You can see me a million miles away.

And that's, I guess, the point of the shooting shirt is that you're very visible, I would assume.

Very good.

Yeah.

Very good.

Aren't it something that like Dick Cheney's friends should possibly have been?

Are you going to be shooting during the show?

No, but

I might be.

I might be.

Unfortunately, I think we're out of race.

I'm going to leave this show and go shooting.

Yes.

For example, I really like pajamas, but I'm not wearing them on national television.

Despite the fact that I might be sleeping later in the day

to wear

a decision-making process.

I guess maybe I'm out of the norm.

I guess so.

I guess so.

Yeah.

All right.

What were you saying about modern monetary theory, by the way?

Gonna get back into that.

Not much.

Not much.

Here's where I do want to go, you

pigs.

Here's what I do want to talk about.

So if we've been looking at the candidates that are running for the

Democratic position,

have you noticed

how far we've come to actual communism?

They are now talking about and openly and unashamedly Bernie Sanders just this week came out, or last week came out with his global warming thing, which takes over industries.

It just unlimited printing of cash, unlimited taxation,

taking away private property.

I mean, it's crazy.

AOC and the new Green Deal.

In that it talks about this is the transition

from a free market system.

So they're all talking about this.

And I know that I was reading something from, I think, Elizabeth Warren this morning.

And I thought, gosh, I've seen this someplace before.

And so I printed it up the Constitution of the Union of Soviet Socialist Republics.

Now,

let me just stop me if you recognize anything.

The Union of Socialist Republics is a socialist state of workers and peasants the soviets of working people's deputies which grew and attained strength as a result of the overthrowing of the landlords and the capitalist to achieve the dictatorship of the people all power belongs to the working people of a town and a country as represented by the soviets of working people's deputies the socialist system of economy and so socialist ownership of means and instruments of production firmly established as a result of the abolition of capitalist system in the economy.

Blah, blah, blah, blah, blah.

The Soviet property in the U.S.

exists either in the form of state property, possession of the whole people, or in the form of cooperatives and collective farm property.

Now, alongside the Soviet system of economy, which is the predominant form of the economy in the U.S., the law does permit small private companies of individual peasants and handcraftsmen based on their personal labor and precluding the exploitation of the labor of others.

The rights of citizens to personal ownership of their incomes from their work, their savings, their dwellings,

the dwelling houses and the household economy, their household furniture, utensils, articles of personal use and convenience, as well as the right of inheritance of personal property property is protected by law huh economic life of the ussr is determined and directed by the state national economic plan remember they had a plan for everything with the aim of increasing public wealth

pat did their economic plan their national economic plan increase public wealth

well in that everybody's wealth pretty much decreased equally.

I think

when, at the end of the Soviet Union, had it steadily improved the material conditions of the working people?

Because that's what was in the Constitution.

That's what they had to do.

It talks about all of the things that now belong to the people,

and it pretty much covers absolutely everything.

But then there's this part in the former Soviet Union Constitution, the fundamental rights and duties of citizens.

Now,

who can explain how people were treated in communist Russia?

Either one of you.

Are you still focused on the shirt?

How people were treated?

How were people treated?

What was life like in the former Soviet Union?

They were oppressed.

They were hungry.

I don't know about that.

They couldn't go anywhere.

That's

how they had to move around.

Yeah.

Told what kind of jobs they could have.

They were free.

What sports they could get into.

But yeah, they were all free.

Oh, you kidding me?

Yeah.

Right, right.

So here's Article 118 of the Soviet Constitution.

Citizens of the USSR have the right to work.

It is a guaranteed right of employment and payment for their work in accordance with its quantity and quality.

That sounds familiar.

Sound familiar at all?

You have a right to work.

Yep.

The citizen of the USSR has a right to rest and leisure.

The citizens of the USSR have a right to maintenance in old age, also in the case of sickness or the loss of capacity.

The USSR citizens have free medical service for all working people.

Oh, that's fine.

And the provision of a wide network of health resorts for the use of the working people.

Again, familiar.

Yeah, citizens of the USSR have a right to education.

This right is ensured by universal elementary education, by education, including higher education, being free of charge.

Wow.

Women in the USSR are accorded equal rights with men, the equality of rights of all citizens in the USSR.

And that happened, don't you think?

Everybody was equal.

Oh, yeah.

Yeah.

Yeah.

Like you could, you could be gay or whatever, and it's not, I mean, it's still not a problem in Russia.

No.

Now, in order to ensure citizens' freedom of conscience, the church in the USSR is separated from the state and the school from the church.

So they have in their constitution a separation of church and state.

Just like us.

Because that's right in our constitution, too.

No, it's not that.

That's directly in there.

No.

Yeah.

Freedom of religious worship and freedom of anti-religious propaganda is recognized for all citizens.

Article 125.

In conformity with the interests of the working people and in order to strengthen the Soviet system, the citizens of the USSR are guaranteed by law: one,

freedom of speech,

freedom of the press.

Three, freedom of assembly, the freedom to hold mass meetings,

the freedom to have a street procession or demonstration,

the freedom for

communications.

Wow, this, I mean, that sounds familiar too, doesn't it?

Mm-hmm.

Except did they have any of those things?

None of those things existed in the former Soviet Union, which is fascinating.

Right.

Yeah.

Right.

Because of Article 126 that says, you know, but if it's anything that goes against what the people want, and remember,

it's the deputies that decide what the people want.

If it goes against the people, what the people want, and also it goes against the state, then you're deemed

a radical and you will be dealt with.

Citizens of the USSR are guaranteed

the sacredness of the person, the sacredness of the home, and privacy of correspondence is protected.

It is the duty of every citizen to abide by the Constitution of the Union of Soviet Republics, to observe the law, to maintain labor discipline, to honestly perform public duties, and respect the socialist intercourse.

It is also the duty of every citizen of the USSR to safeguard and strengthen

public socialist property as sacred.

It is the source of wealth and might of the country.

Any persons committing offenses against the public or socialist property are enemies of the people.

Isn't it amazing what happens when the Constitution is a document of positive liberties rather than negative liberties

what do you mean pat i don't know what that means well what that what that what i mean by that is that our constitution is a document of what the government can't do to you their constitution was what it was it was a document of what the government is going to do for you with the exception of unless we don't like it.

Right.

Or you're not the right person or you're in the wrong group or whatever.

Yeah, whatever it is.

Plus, you wind up with the word intercourse in your constitution, which is just weird, right?

Like, that's a totally separate issue, but I think it's important.

Okay, I'm glad from the guy who brought us the shirt

news that you're also bringing us the

intercourse part.

You shouldn't put the word intercourse in your constitution.

You should just know better than that.

It's wrong.

It's wrong.

I mean, let's get him a thesaurus.

I mean, obviously, it was the free market system that brought us the thesaurus.

I just find it

incredible how far we've come and how fast we've come to reflecting the to having people running for president who are reflecting the exact principles laid out in the Soviet Constitution.

Sometimes words.

Which is 180 degrees.

Yeah, some of them word for word.

180 degrees in the opposite direction of America and a free market.

All right, back in just a second.

Despite what the movies say,

we're probably not going to wind up living in an apocalyptic landscape dotted by roving zombies and warlords in Land Rovers.

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And even zombie warlords will abide by that law.

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This is the Glenbeck program.

Yeah, that's right.

Welcome to the program.

Today's a big day if you're a candidate that wants to get into the debates.

Looks like it's going to be only one night, not two, because they're cutting a lot of people out of it.

What are the standards and who's qualifying steward?

You need 130,000 individual donors and you need four qualifying polls that show you at 2% or higher.

10 candidates have qualified for that already.

There's really only one who was on the fence as of today, which was Tom Steyer.

Steyer had a...

That's amazing.

Yeah, and the only reason he had, I mean, he's spending a fortune in early states because the early state polls count here.

However, no one's releasing any early state polls.

So he's qualified in all the early state polls that have been released, but not enough of them have been released for him to qualify.

So there was two national polls that came out today.

A couple interesting things.

One, Steyer did not hit 2% in either one of them.

Gabbard, who's been completely screwed here by the Democratic Party and has a legitimate argument as to, you know, they've just decided to count the polls she didn't get to 2% in and not count the polls that she did get to 2% in.

She looks like she's not going to make it either.

barring a last-minute flurry of polls.

It has to be released today.

The other interesting thing is if you remember this Monmouth poll that came out earlier this week showed a three-way tie basically with Warren, Sanders, and Biden.

The two national polls.

That's a credible poll.

Yeah, very good poll.

However, it's one poll.

And the two polls that came out today, both also credible polls, have Biden up by 13 and 18.

So it does not seem like we're at a three-way tie right now.

You're listening to Glenn Beck.

First, they proposed universal free health click care, including free unlimited abortions, then free college, then open borders, then universal basic income, then the Green New Deal.

Free phones, free internet, free cars, free housing,

guaranteed jobs is what we're up to now.

Collectively, over $70 trillion in brand new government spending over the last over the next 10 years.

70 trillion.

Now, how are we going to pay for that?

Well, don't worry.

The magic money fairy has arrived.

It's called Modern Monetary Theory.

Part three in our series this week on what's the economy doing?

What is Washington doing?

What are we headed for?

In one minute.

This is the Glenbeck program.

You know, I I was thinking about my thinking about my dad, and

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his feet always hurt.

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This week we've been talking about economics and what is happening in our country.

On a Monday, we looked at our economic system and situation

and

examined the long daisy chain of just stupid policy decisions that go against logic, dating over 100 years, both Republicans and Democrats.

Then the next day, the trade war with China.

China has created more than $50 trillion,

just printed $50 trillion.

So you know, all the money in the world from every country, all the currency just piled up, is 60 trillion.

China just printed 50.

We talked to you about the importance of America and how the rest of the world is truly depending on us.

We looked at recessions yesterday.

Today, I want to talk to you about how

politicians are now saying we're going to pay for everything.

Because they're proposing all kinds of stuff.

Free universal health care, got it.

Free unlimited abortions.

Got it.

Free college.

Got it.

Guaranteed jobs for all.

The new Green Deal.

Free phones.

Free Internet.

Free cars.

Free housing.

Everything.

$70 trillion

in brand new government spending over the next 10 years.

Brand new.

So that's not counting all the spending we're doing on top.

Now, how are we going to pay for it?

Well, there's this new theory, and it's wonderful because it's very modern.

And you know it's modern when it uses the word Martin Modern.

The modern monetary theory.

It's MMT.

Here's what it says.

Governments never need to worry about taxes.

They never need to worry about budgets.

And they never need to worry about deficits because governments can print as much money as it ever needs to spend

to ensure full employment, zero budget shortfalls, unlimited spending capacity against any need, want, or desire.

If the government says, you know what, we should have that, they can print the money.

Now, does this sound logical to you in any way, shape, or form?

You need to know about MMT because it represents the newest, brightest thinking among the liberal intellectual elites and academics.

It was first proposed by an economic guru, Warren Mosler, in the mid-1990s.

It is now fully embraced by the left.

And you have some candidates talking about it

on the campaign trail.

But one of the leading guys, who is

an economist at Bard College, said, quote, it's not easy to move people overnight.

It's very difficult to communicate these ideas in a way people can understand.

But what's more important is that the conversation has profoundly shifted.

We're now talking about big, bold policies that everyone used to say were pie in the sky.

Does that sound like Elizabeth Warren?

We're talking about something big and bold.

And what they're talking about is abandoning everything the world has learned about economics and trying this new theory.

Now,

you know what's crazy about this new theory is why hasn't anyone ever thought of it before?

I mean it seems so simple.

If the government wants to buy something, don't raise taxes, just print more money.

Doesn't that seem great?

This theory of finance is so new.

As we speak, MMT is being modeled and taught at Harvard, Boston College, USC, and MIT.

Traditional models of government financing

place the power of the purse in the hands of the people

because the government has to tax

and it taxes to get its income.

So it takes your income and you have the control knob on government spending because

you can vote them out of office.

You can say, no, we're not doing this.

Now, I'd like to point out that we haven't been very good at regulating, which is probably why they're now saying, we can spend anything.

MMT

reframes the way in which governments participate in economies.

It completely divorces government budgets and spending from the private economy.

So rather than taxing or borrowing from the population for its income, the government has an unlimited budget, and it can spend that unlimited budget in its own discretion by just printing new money anytime government leaders determine there's a new need for spending.

And there you have it.

MMT, completely new, a modern way for governments to have unlimited budgets so we can have whatever we want and never pay pay for it.

Oh man, am I reminded of the Kipling poem, Gods of the Copybook Headings?

And we had plenty of money, but nothing our money could buy.

I find this

astounding in its stupidity.

So let's look at modern monetary theory because it is riddled with logical fallacies and it completely fails even just a

just a quick glance and examination.

So let's start here.

There's nothing modern about modern monetary theory.

Using the word modern to describe it simply resurrects and masks the classic con.

How to give a government spending power outside of the will of the people.

It's done by generating accounting units.

Now, this is really important.

What is an accounting unit?

An accounting unit is money, currency, currency.

You give that accounting unit value by legal declaration.

It's worth something.

That's fiat.

And this is, it can only really be maintained by a monopoly through the use of force.

There are literally dozens of historical examples of governments using their their self-granted authority to print fiat currency to pay their bills.

For example, I want you to know all of these have met with financial disaster, but here are a few of the most noteworthy.

The very first paper fiat currency in the world was created by the Tang dynasty in China.

It was during the 17th century AD.

Merchants were

ordered under penalty of death that they had to accept this new modern currency in trade for goods and services.

By 1354, the currency had reached a state of hyperinflation, such as Marco Polo was paid for a single suit of armor from a local lord with 18 chests filled with valueless paper Chinese currency.

In the 18th century, France, the Duke of Orleans, and Scottish economist John Law

founded the Banque de Générale, and they issued paper currency to pay off more than $3 billion in government

debt after the death of Louis XIV.

Within five years, inflation had reached 23%

per month, and then 55%

per month.

Eventually, the hyperinflation had bankrupt the entire country, and it led to the French Revolution.

But don't worry about that.

Following World War I, Weimar Germany faced billions in war reparation payments while simultaneously trying to rebuild its own infrastructure.

They didn't have the money.

Facing the same default versus inflate dilemma, they thought, you know what?

We can issue fiat currency.

Germany chose to just print paper currency to repay its debts.

The result was 1 million percent hyperinflation.

The government was

printing $5 trillion mark notes within two years.

A dozen eggs in Germany cost 800 billion marks.

The resulting economic crash and depression led to the success of the National Socialist Party because once you have a crash, you have the opportunity to go to socialism because socialism promises to pay for everything.

And in that socialist party was a crazy man called Adolf Hitler.

The other examples, just to state a few, the Confederate States of America, World War II France, Soviet Russia, Eva Peron's Argentina, Communist Vietnam, modern-day Greece, Zimbabwe, Venezuela, do we need to go on?

Literally, every time the printing press has been used as a means for government to pay for expenses, the result has been hyperinflation and eventually a currency default and total financial collapse.

There are zero, let me count them again,

zero, zero historic examples of governments using fiat currency for deficit financing where the fiat currency doesn't end up valued again

at zero.

More in just a second.

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We pause for 10 seconds.

Station ID.

All right.

Now,

literally every time the printing press has been used as a means for government to pay the expenses and they just print money, it always fails.

So, modern monetary theory has nothing to do with money.

This is really important.

It has everything to do with currency, nothing to do with money.

This is one of the logical fallacies of MMT.

It's the belief that governments can create money.

They cannot.

They can print currency.

Now, AOC, Bernie, Elizabeth Warren, all of them, they

I think maybe it's time we let them in a little secret that they don't teach on college campuses anymore.

And I want you all to lean in real close.

Okay, squad, are you there?

Governments cannot create money.

Governments create currency.

Currency, a medium of exchange for financial transactions.

Currency is an accounting unit, standing in for real money.

A unit of currency just represents something that has real value.

That's what currency is.

Instead of walking around with a bar of gold or a bar of silver in your pocket, you have one thin piece of paper.

It'd be hard if we dealt in bars of gold, but that paper represents something.

What is that?

Well, a belief that there is actually something of value backing it up.

If governments could create real money,

that would be quite a magic trick.

Wait a minute, isn't that what the alchemists were trying to do?

Create real money, create gold out of nothing?

If we could create real wealth, none of us would ever have to work again.

The problem is, is that wealth creation is a process of invention, risk, application of resources to generate something that has a market value.

Wealth creation is entirely due to the effort, invention, sacrifice of the people.

Governments are not a component of wealth creation.

They actually are a wealth destroyer.

Now MMT assumes that all you need for wealth or value to exist is currency.

Isn't that great?

Tell the people, tell the people in Weimar, Germany that.

Tell the people in Venezuela.

You got plenty of money.

Look at that.

You got a trillion-dollar note in your pocket.

Man.

Now,

if currency is made available, they believe, people will react to the currency by selling things, goods, services, land, and labor, to the government.

But it's only true if the currency that they're provided with is exchangeable for real money, something of real value.

Currency only has value as long as people believe it can be exchanged for something of real value.

The moment that changes, the moment the people are like, this isn't worth anything, currency instantaneously

stops being a representative of money.

So modern monetary theory is not a theory

because a theory is an unproven idea against which a process of experience or experiments can test that hypothesis to provide empirical data which prove or disprove the theory.

Once the theory has been tested and it's reliably proven or disproven, well, then it's not a theory.

It becomes a scientific or mathematical law.

That fits this perfectly.

Dozens of countries, hyperinflation.

This isn't a modern monetary theory.

It's an antiquated currency law.

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my wife.

We were so fed up with the process that we decided there's got to be a better way.

And through

doing work with other things, I happen to find myself in a group of the 500 best real estate agents, according to the Wall Street Journal, in the country.

And I started asking them, okay, what makes you better than the next guy?

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i i want to talk to you today about um what you're hearing from the candidates so you can truly understand they are serious about adding 70 trillion of debt or spending to our bottom line over the next 10 years.

70 trillion.

They are also serious about

changing our country fundamentally.

Our Bill of Rights are the things that the government cannot do.

They want the things that the government must do for everyone: free housing, guaranteed jobs,

guaranteed access to X, Y, and Z, free college, all of these things.

Well, that costs money.

So, how are they going to pay for it?

Well, the first thing they're going to do is get rid of this evil capitalist system, and then they're going to start taxing people.

Okay, well, I just want you to know that's not going to be a smooth transition.

You start moving away from the free market, which Elizabeth Warren, Bernie Sanders, they're all saying it.

You start moving away from a free market, I mean, in significant ways, under the guise of global warming,

the entire world is going to go down.

Now, it might reset because it's going to be so great

when we just are taxing everybody and everybody's working as one.

Such a utopian idea.

It's going to work this time.

It will be different.

But what do they do?

Because you can't raise enough tax money to pay for the $70 million.

Thus, the modern monetary theory.

The theory is governments don't have to raise taxes.

They don't.

All they have to do is print money.

And it's really, really simple.

You do that, and everything is great.

Why even go to the people for taxes?

Man, why didn't we think of this?

Why didn't we think of this before?

So I've been going over it.

Now, let me just give you one final nail in the coffin of MMT, or as I like to call it, antiquated currency law, because this is a law.

It's not a theory.

We've tried this.

The world's tried this over and over again, beginning with the Chinese and ancient China.

It doesn't work.

It never works.

But the final nail

should be that it completely disconnects government spending from the will of the people.

Nobody likes taxes, but taxes provide a check against runaway government spending and what they're spending it on.

If they don't have to come to you, do you think

they're going to have a problem funding things that you don't want?

Now, that's the last failure, the logical fallacy that MMT advocates.

In their notion of things, runaway inflation can be mitigated because if inflation starts to get out of control, the government can reduce government currency spending and or raise taxes to remove currency from the circulation, thereby fighting inflation.

It is not a surprise that it is academics who came up with this.

Because academics have absolutely no connection to the real world.

Their idea is that if printing trillions of dollars in new currency to pay for health care, abortions, the Green New Deal, guaranteed jobs, guaranteed houses, free education results in inflation, well, the government will just stop paying for those social programs and raise taxes.

In what kind of bizarro fantasy, alternate universe world do these people live in?

Ivory Tower crackpots like this are the ones who gave us postmodernist ideas like gender fluidity and toxic masculinity syndrome.

But in the real world, politicians do not stop paying for social programs.

Why?

Because they're human beings who want to stay in power.

They definitely don't cut those services while raising taxes.

That's the reason why there are no instances of MMT actually working in the real world.

You don't have to live in a theoretical laboratory where human politicians are replaced by robots and voters completely understand

why their health care gets cut off.

It's also the reason why academics should never be involved in real-world policymaking.

The founders of our nation, they knew this.

They were lawyers, they were farmers, they were

preachers, they were soldiers, they were inventors, they were merchants.

They'd seen the hyperinflation in France in in the 18th century, which is why fiat paper currency is strictly prohibited in the Constitution.

Money,

not currency, money was legally defined as being gold or silver.

And this modern monetary theory, or sorry, the antiquated currency law is among the more obvious, asinine, and foolhardy ideas to be resurrected in a long, long time.

The Germans called it it emergency spending.

In France, it was called royal checks.

In the Confederate States, it was called independence notes.

Today, it's called quantitative easing.

Fortunately, we're living in a time where a wave of socialism is looking for ways to pay over $70 trillion in new social and environmental programs promised by politicians running against Trump in 2020.

We're so fortunate because maybe, maybe, just maybe, we're going to be able to be the ones to prove MMT wrong again.

It's a terrible idea,

but one looking for politicians stupid and desperate enough to put it in place against a spending plan that requires unlimited funds.

They're going to do it.

Unless you're informed, you know what's coming.

You know

how how really this system works.

You know, as we explained on Tuesday, how much the world is relying on us because this isn't working anywhere else but here, and it's barely working here.

But the rest of these countries, all over the world, are invested in our stock market and in our treasury bonds.

If we screw around with our economy and we fundamentally change things in our economy,

I warn you, the world will be plunged into darkness.

And may God save us from our own stupidity.

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This is the Glenbeck program.

Stu, do you have any idea what Boris Johnson did yesterday?

I don't follow the,

I don't understand the parliamentary system at all.

I think what happens is they have a queen.

She says, oh, yes, you need to form a government.

And then all these people get together in a room.

They yell at each other for a while.

The one that can either yell the loudest or stand the yelling the longest becomes prime minister.

And he's like, who wants to yell on my side now?

It's as if you're reading directly from their constitution.

Yeah, that's my basic American understanding of this.

Yesterday, he said that he is going to the queen to ask her to disband parliament for a while.

Yeah, I mean, this happens a lot in parliamentary systems, and I don't, but I don't, I don't like the system as we've discussed before.

I think America came up with a look, we have our issues, but it seems like things are going to be a problem.

But the president just can't go, you know what, we're closing Congress down.

I'm tired of listening to them whine.

Yeah, it's like the equivalent of a pop quiz.

Like, you walk in and they're like, a pop election, and all of a sudden, everyone has to go back to the polls and come up with a whole new government.

But he's not, he's saying that he's not going for another election.

He said, there won't be another popular vote.

He just wants.

Yeah, I know.

He just wants to shut down parliament for a while because they're obstructing the people's will to get out of

the EU.

Yeah, you see all these things sort of happen in our system as well when there's you know, politicians will use these sort of weird

little mechanisms to try to get a larger thing done.

It seems like the larger thing Boris Johnson is trying to get done is there's this October 31st deadline for the hard Brexit.

And he believes, I think correctly, that the government is going to try to do everything they can before that deadline to erase it.

So he's using his parliamentary maneuvers to attempt to

essentially put a gap in there where they can't do anything about it, giving

it totally constitutional for them.

Oh, yeah.

This is totally constitutional.

And it has been done before.

Yeah, so he's just trying to honor what the actual people of the country said they wanted to do legally.

And everyone else seems, you know, hell-bent on making sure, you know, they let the people know that they know better than them and the government knows better, that they don't understand what they've done.

And we're going to fix it for you.

Give us more time to fix it for you.

And Boris Johnson is just saying, look, you guys voted for this.

This is what you wanted.

This is what we all talked about.

We all knew this was part of the possibility of this happening.

And, you know, if we keep backing up, we're, you know, backing up and backing up and backing up, we're never going to get a better deal from the EU.

So, you know, it may very well be a hard Brexit, but that is something that was known to be a risk when this vote occurred and will not be as horrific as everyone makes it out to be, as it never is.

Wow.

Coming up, we have the story of the woman who was dumped for Elon Omar.

Her husband left her for Elon Omar.

It's an amazing story.

If we have time, I've got to get to the Palestinian story.

Yesterday, this came out, I think, like at 7.30 last night, and all kinds of alerts go off

on my tablet, and I'm like, what's happening?

Oh, it's just that the State Department has erased the Palestinian Authority and Palestinian territories from all of our official documents and I guess maps or whatever.

I don't know.

But

they've just taken all of that stuff off.

And that's kind of creating some concern with the people who are, you know,

with the Palestinians.

They're like, wait, what just happened?

State Department immediately issued and said, no, no, no, this is not a change in our position.

Well, you're not recognizing the Palestinian Authority at all.

You're not recognizing Palestinian territory.

That seems like a change in position because everybody else has been doing that.

And we're going to look into that and what that means.

I mean, that's one ballsy move.

One real ballsy move.

And

speculation is, is that they have,

you know, we keep asking them to come to the table and do a two-state solution, and they never, ever do it.

I mean, Israel offered them a few years ago absolutely everything that they say they were asking for and their own sovereignty.

Okay, two-state solution.

No, they don't want that.

They want a one-state solution.

And, you know, in their charter, they talk about that this will only happen when we destroy Israel.

Well, then, okay, then you're not dealing honestly.

So we're not going to, we're not, we're going to call it what it is.

And it's not your territory.

They want this talking point, too, right?

They want this victim status.

They want it to exist forever.

I mean, it's a very disingenuous ask, and it always is.

It's the same thing that happened when they said, you know what?

What we need here is that we need Donald Trump to come out and denounce white nationalism.

We need him to do that after the shootings in El Paso.

And so the next day he's out there because he's, I mean, look, he's denounced white nationalism several times.

He comes out and does it again.

And then it's like, well, first of all, too late, too little.

And next, I mean, look at all the other stuff he hasn't done.

How come he hasn't done anything on guns?

How come he hasn't done done anything on this?

There was never a moment in which they cared if he actually came out and denounced white nationalism.

That wasn't part of it.

It was just, what is the next thing we can beg for him to do?

If he does it, we'll just act like we never asked for it.

It just was act as if it was nothing.

We'll just move on to our next complaint, move the goalpost a little bit further.

And this is just a strategy that has been well defined by the Palestinian Authority over a very long period of time.

I also have

a monologue on the opioid crisis and the Don Draper of the opioid crisis, the history of

OxyContin.

It's pretty phenomenal when you learn the history of it, which, by the way,

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Germany.

Around the time of the Weimar Republic.

So nothing weird was going on there, you know, eugenics or anything else.

Uh, and it is it for some, it is a life-saving drug, others, it is

scourge of the earth.

And people who are truly suffering uh from pain that they just can't live with, they're the ones that are going to pay the price for this.

We have that coming up if if if we have time, we just it's Sophie's choice today

which story gets on the show,

one of those three for sure when we come back.

You're listening to Glenn Beck.

It is the last hour, and we've got a great hour lined up for you.

We're going to start with Elon O'Mar in just a second.

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Ilan

Why my husband was sleeping with a harlot from Minnesota

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My husband was being paid lots of money.

I don't know if it's for his performance because he is rather robust in bed.

But he professed his love

for Elon O'Marr.

That story and what's behind it in one minute.

Elon O'Marr.

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So divorce papers have now been

filed in Washington, D.C., and the wife and mom says her political consultant husband left her for Representative Elon Omar.

She's a doctor.

She says her cheating spouse, Tim Minette, told her in April, I'm having an affair with a Somali-born U.S.

representative.

I'm not going to tell you who, but she's Somali-born.

She's a U.S.

Representative.

She's from Minnesota.

And you probably can't figure it out.

But

I love her.

I love her.

So

he told her, and then he ditched her.

What'd you say, Stu?

I like the character.

That is,

I've never heard the person speak, and I kind of like the way you've made him

sound.

I'm sure that's how he sounds.

Why, though, there's no real reason.

He sounds like the guy who's saying Ilan Omar in the song, which I don't know if that's

coincidental.

I'm in love with Elon Omar.

Yeah, okay, I like it.

So anyway, so she's a physician.

She's 55.

He's 38.

That has nothing to do with it.

Has nothing to do with it.

55, I always wanted to.

When I was a teenager, I said, I want to be married to a 55-year-old woman.

So it's a dream come true, but

has nothing to do with that.

So they have a 13-year-old son together,

and

he works as a left-wing Democratic supporter.

He works now for Omar.

Oh, yeah, I'm working for it.

He works for Omar, and he also, coincidentally, worked for Keith Ellison,

which is

what a coincidence, you know?

Seriously.

So

those are, you know, socialists run in packs, and they pool pool the same resources.

And if you're allegedly stealing money or allegedly doing something,

you know, on the side, I don't know what you're talking about.

I just love her.

You have to get creative and you have to make connections.

Without Chakabarti, sank from the, what's its face?

The

Young Turks.

The Young Turks.

The genocidal people that killed 1.8 million innocent citizens?

The organization named after that.

Yeah, got it.

Without Chakabarti, Sank wouldn't have been able to co-found Justice Democrats.

And without those two, AOC's boyfriend would have lost out on thousands.

Wait a minute.

Now, there are two socialists that I've been keeping my eye on.

You know, one of them is a squad member, Elon Omar, and the other one is the former congressman turned

Minnesota Attorney General Keith Ellison.

It's kind of creepy,

the number of things they share,

including, oh, yeah, including Omar's new squeeze.

Well, I just don't know why you keep referring.

He is a squeeze, though, isn't he?

They've both represented the same district.

They both had tax problems.

They both had campaign finance problems.

I know it's shocking that all these socialists are having tax problems and campaign finance violations because they hate that stuff.

We've covered Omar's tax and campaign finance problems at length, but it's curious how her predecessor, Keith Ellison, was busted for exactly the same problems.

Well, I mean, Keith Ellison didn't marry his brother

that we know of.

Anyway, when Ellison was state representative, he was busted for having $25,000 in unpaid taxes.

Omar got nailed for filing joint taxes with a man that wasn't her husband, her brother.

Ellison just didn't pay any.

Omar was caught using campaign funds for personal use, but several years earlier, the Attorney General now of Minnesota, the same state now that Elon Omar ran in, sued Ellison twice for campaign finance violations.

They each apparently have the same love in their life.

They love cheating the IRS.

They love bending campaign finance laws.

And they're both in love with the same man,

Tim Minette.

Elan Omar.

Last week, the

Daily Mail released the video

of Omar, actually a couple of weeks ago, exiting the restaurant in California with Tim Minette.

And they were talking about how they were, you know, oh, they were snuggling and they were rubbing noses like Eskimos.

Cultural appropriation.

They were holding hands, they were acting like a couple.

And it doesn't matter.

I don't care about any of this.

I don't care.

If they want to, you know, they want to romp like little bunnies.

Let them.

I don't care.

What I do care

is

the smoke

is covering what I think is the real fire, and it isn't the fire love.

My net has a work history that shows he's a current partner at a progressive strategies company called East Street Group.

Now, what do they do?

Well, I don't know.

If you go and look up progressive strategies and E Street Group, you're going to come to a website that has a single page that tells you nothing.

It doesn't even have a contact.

There's no way it doesn't have an email address or a phone number, nothing.

It just says accepting new clients by referral only.

So in other words, you got to know a guy because I know a guy.

You know a guy?

I know a guy.

He can put you in touch with these guys, okay?

So I don't think he's worried too much about advertising for new clients because he has hit the mother load with Alan Omar.

Since Alan's already been dinged for campaign finance violations, we decided to check out the FEC records to find out if there was any unusual activity between Omar and Minette.

Well, Omar's campaign has dished out over a quarter of a million dollars over the past 12 months to her new alleged boyfriend.

Right.

I mean, you think I like chicks from Somalia?

No, she's got cash.

Uh-huh.

Now, here's the weird thing.

I mean, if if that wasn't weird enough.

He gets paid in multiple five-figure payments every single month.

If you look at February of this last year, $12,000, they wrote a check to him on the 7th, $15,000 on the 19th, $24,000 on the 21st, and the payments...

include everything from absolutely not vague at all descriptions of consulting to travel expenses.

$24,000.

Where are you going?

The moon?

Now,

you know, maybe my internal clock is a little messed up,

but isn't the 2018 election over?

What could she possibly be getting from this guy?

You don't want to know.

What could she possibly be getting from this guy where she's writing $250,000 checks?

How's that possible?

Now, this year, Elon Omar raised about $1.4 million.

That means out of everything that she has raised,

she's given him a quarter of everything.

Usually, you know, you'll get a bonus or you'll get paid a percentage, but it's not 25%.

I could see giving him, you know, that kind of money if you know he helped raise $10 million,

but 1.4?

The math doesn't end up, it doesn't add up.

And this kind of spending is unusual for congressmen, especially freshman congressmen.

If you look at Dan Crenshaw, his FEC filings, he hasn't spent more than $1,600 for a single payment the entire year.

There is one entry for fundraising consulting.

He wrote a check for $130.

$130.

Omar spent a quarter of a million to one guy.

I'm going to go out on a limb and say

something's weird.

I mean, that's a lot of exotic oils, or I don't know.

I'm just saying.

Quarter of a million dollars.

Now, before Minette met Omar, he was employed by Keith Ellison.

This is the Democratic Congressional Campaign Committee labeling Minot as Ellison's main point of contact and his national finance director.

Now, it's really weird that Minot, when you look at his resume, doesn't reference Ellison at all.

You look at his LinkedIn page.

Nope,

Keith Ellison.

No, I have no idea.

Hmm?

What?

He was also, while he was the campaign finance director for Ellison, he was also the head of his own company, the Minette Group.

And like Elon O'Mar, Ellison pays this guy a lot.

Tim Minette was Ellison's third highest paid expenditure over the past two years, $174,000 in 2018.

This seems like

a racket.

His FEC filings look identical to Elon O'Mars.

$9,000 payments every month going all the way back to 2015.

In 2014, Ellison paid Minot $92,000, and this was during the same period when Minette was

working on Ellison's staff.

So is there a racket going on here with fundraising consulting?

Is this big business

and if it is a racket what's going on

there's a lot of money that is changing hands and this money has they've tried to hide

this money they put in these um

in these

you know

what do you call them stew those front, you know, the packs.

The money came from a pack.

So you give your money, and you're like, I want to give Elon Omar money.

And then you're like, I want to give her even more, but the law won't let me, so I'm going to give it to a PAC.

That PAC,

strangely, is the one that is paying his salary.

He works directly for the Congresswoman.

How's that working?

Something is wrong with Elon Omar.

Something is wrong with Keith Ellison.

And Tim might not.

I'm sorry.

He might be okay in bed.

I don't know.

But that's not what's causing this love affair.

There's something deeper.

Oh,

deeper, deeper.

Well, we will go there.

Deeper into their their love affair to find out what's going on.

I want to tell you about a guy in our audience.

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He was a member of that hallowed staple of American industry for over 40 years.

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I don't know why these guys do, but they do.

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We pause for 10 seconds, station ID.

Still.

And then you're what was the voice of the guy who.

I don't know.

I don't know.

I'm not your trained little man.

No, I perform.

I suppose.

I don't perform when you throw me a peanut.

They don't do it.

Well,

are you interested in hearing the new update to the Biden Gaff montage, which continually expands

at a rate even faster than you and I.

This is a.

And that is saying something because my waistline is expanding like crazy.

Do we have enough time for this or to make sure we just play a short clip here?

Can we get a ruling from the...

What time?

All right, let's do the Biden-GAF montage here.

Here we go.

And the other thing we should do is we should challenge these students.

We should challenge students in these schools to have advanced placement programs in these schools.

We have this notion that somehow if you're poor, you cannot do it.

Poor kids are just as bright and just as talented as white kids.

Uh-oh.

Wealthy kids.

Black kids.

I really mean it, but think how we think about it.

We choose unity over division.

We choose science over fiction.

What else?

We choose truth over facts.

And so folks,

if you're interested, join me.

I could use the helm because we must.

Must defeat this president to change the trajectory of this country.

When the kids from Parkland marched up to, and I

met with them and then they went off to up on the hill when I was vice president, they went off the hill to go into those neighborhoods.

All those congressmen were like, no, I'm not here.

I'm not here.

Just like in my generation, when I got out of school,

when Bobby Kennedy and Dr.

King had been assassinated in the 70s,

I got engaged.

My long friend, time friend, and she's a friend.

She's been my friend in and out of public life.

You know, there were 40 kids shot in Kent State on the beautiful lawn.

Oh, it's a a lot.

And that's forgotten.

We should set up a system, which I propose, which I will, if I'm elected president, that allows the folks at HH,

the folks at Health and

the Health Department.

Yep, okay, the health of the United States, HHS.

Right.

Huh?

That's the latest.

This is there.

We are adding like two of these a day.

Yeah.

It's

crazy.

Yeah.

All of those, by the way, are just from the last few weeks on the campaign trail.

Yeah, we make sure to not include the old school stuff that you know so well.

It's getting to the point, though, where I think Biden

has always been sort of a fun gaffe machine.

And some of these just are starting to get sad.

Like they're, they're right.

They're really, they're making you feel like that's a lot of fun.

I never said this about

with his gaff machine, I just always thought he's just unhinged.

It's starting when he's like,

health department.

He's just, he's sounding sad, confused, and it's, it's kind of hard to watch.

More in a minute.

I mean, not that hard because it's funny, but

this is the Glenbeck program.

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Well, in the financial world, throughout history, even to this day, that rising tide is represented by gold.

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And join Glenn this Christmas for a special one-night event in Salt Lake City, December 7th.

Christmas stories with Glenn Beck.

Get your tickets tickets at glennbeck.com.

Hey, welcome to it.

We're glad you're here.

We want to talk a little bit about the mystery of the space drone.

I think we're going to have to move the State Department removing all mention of Palestinian Authority and Palestinian

occupied lands

probably for tomorrow because I want to first start with what's happening in the polls.

It's really interesting what's going on.

Today's the last day to qualify to be able to be in the Democratic, the next Democratic debate.

And you have to have 130,000

individual donations and you also have to have at least 2% in the polls.

But they're picking and choosing which polls, which is kind of interesting.

Did you know in advance, Stu,

were they told in advance which polls they had to be good in it does seem like you know they did give you a list of the polls however the list is bizarre and the person who's making the biggest stink about this is tulsi gabbard and she has a really good argument on this uh basically the way that they have done this is 130 000 individual donors so it has to be individual donors and 14 13 candidates have hit that threshold um all the big ones and then kind of the smaller ones like um marianne williamson has hit that.

Tom Steyer, the billionaire who spent a lot of money to get those donations, Tulsi Gabbard, you know, and people like Andrew Yang and Castro and Klobuchar and O'Rourke have all hit that.

So they've hit that.

You have to hit both,

clear both hurdles, though.

The other one is four polls at 2% or more in either national or early states.

And they have to be among the approved list of the Democrats.

So Gabbard has hit, as their campaign says, they have hit 2% in 26 different polls in this time period.

However,

only two of them have counted.

So they,

now, 26 is a big number they're throwing out there.

However, they have some really some of them are like internet polls, not like unscientific internet polls, but they're sitting on panel polls, and sometimes they wouldn't be included for good reasons.

But there have been two polls that she got 2% in.

One was the Boston Globe poll, which is the newspaper with the largest distribution in New Hampshire, one of the early states.

And the Post and Courier, which is the largest distribution of a newspaper in South Carolina, another one of the early states.

Both of those polls, for unknown reasons, are just not okay with the Democratic Party.

She hit 2% in both of those polls and would qualify if it was not for this weird restriction.

There's other.

I don't think that they...

I'm not saying that they're changing them to

get people out intentionally targeting people because I don't know.

But they don't want her.

They don't want her.

You know, the Democrats.

They do not want her.

I think that's true.

I don't think they did it intentionally.

I think it's just incompetence.

They couldn't have known she was going to hit it in these polls.

It's just an obvious problem in that she's polled well enough in all these other places.

And, you know, like, for example, there are YouGov is a polling outfit that does polls in conjunction with various different organizations.

One of the YouGov polls is included and counts as a qualifying poll.

However, YouGov does polls in conjunction with The Economist, a well-respected publication.

There's no reason that the poll would be any lower quality.

Well,

those polls don't count, and Gabbard has hit 2% in two polls done by YouGov slash Economist, but YouGov, the other YouGov poll that is included, she didn't get 2%, so it was not included.

So it's really been, I mean, look, it's an imperfect process at some level.

It's hard to do, but they have not done a good job, as you would expect.

I will tell you this.

Tulsi Gabbard is probably

maybe

one.

I don't know how many of them I would actually trust, but she's at least one that I,

you know,

we could elect her.

I wouldn't vote for her, but if she was elected, I would be like, okay, well, she doesn't hate the country, and she's not crazy.

Some of her policies are crazy, but she loves the country.

She was in the military.

She doesn't believe everything about this country is bad.

That's something that's rare in the Democratic Party.

It is very rare.

And to this point, as she's needed these polls to qualify for these debates, she's been on

back serving the country again and not campaigning.

I know.

Which is pretty early.

It actually made me really like her.

When she went back to serve for two weeks, she had to do a two-week tour duty and i thought i like that she didn't try to get out of it she you know i don't think that appeals to the democrats

but it it it speaks volumes about her character yeah

the two that are most popular among conservatives in the democratic field are probably gabbard and yang uh they're they both yang too and they both have sort of

different views i would say than the the typical uh Democrat, though views that are way outside what I would be comfortable voting for or even coming close to it.

Oh my gosh.

No, but I wouldn't, I would, I would at least have some hope that we weren't going to be destroyed by some theory from 1930.

You know what I mean?

Right.

You know, Yang is smart enough to be looking forward

and

everybody else is just like, well, I don't know what's wrong with Stalin.

Right.

Another part of this, Glenn, Tom Steyer, who is a billionaire, spent all this money trying to get the president president impeached, built a giant email list, then decided to run for president.

He's spent millions of dollars in ads in early states, figuring he can hit he can affect the polls most in these smaller states,

bigger bang for the buck.

And he can get, as long as he gets over 2% in the polls, in these early state polls, he can qualify for the debate.

The problem is they just haven't released enough of these early state polls.

So he hit three polls very early, but has not been able to get this fourth poll.

And unless a surprise one comes out before the end of the night, he's not going to get in.

And part of this problem here is that if you're going to say polling is an issue, if you're going to make polling one of the qualifying aspects to get into the Democratic primary, there has to be polls in these early states.

Like Nevada is the third state that is going to be voting.

And there has basically been no good polling that has come out of the state in months.

And so if you're going to make polling one of the qualifiers, you either have to,

you know, get your own polls, you you have to go out there and actually start your own poll and pay for it so that these polls come out, or you have to include more of these polls.

You have to say more are qualifying because it really does wind up screwing these candidates at the bottom.

The big takeaway, though, from all of this is that it looks like, unless something changes at the very last minute, that

there will only be one debate.

There will not be the two-night thing that we've seen so far.

There will be one

10 candidates.

I don't know.

I mean, I'm torn on that one.

Again, I don't really care what's good for Democrats, but also the other part of it is I think a debate that was split between 11 candidates over two nights, you might actually get a little bit more out of.

Like, you have a candidate.

I guess you're right.

Yeah, I guess you're right on that.

Yeah, you're right on that.

Candidates is too many for one debate.

Five on one night, six on another, you might actually get a little bit of substance out of these people instead of just constant,

you know, bumper stickers.

But then again,

very few of them seem to have the ability to talk at any length on these topics.

They do seem to be bumper sticker generators.

You know, what's interesting is

Tom

Stefan.

What's his name?

Sire.

He's more detrimental

than the Koch brothers were.

He's just not known.

He's as big, if not bigger, currently than Soros, isn't he?

Yeah, he probably is.

I mean, again, the Koch brothers, I think, did a lot of really good things too, and one of them just passed away.

No, I know that, but I mean, you know, the Koch brothers were the, you know, the most evil.

They were presented as evil, right?

Right.

Oh, yeah.

And they were funding people on the left as well.

They were not conservatives.

They aren't conservatives.

No.

And yet they were booed when David died and people cheered for

his death.

And

you don't even know the name Tom Steyer.

Yeah.

Most people don't even know.

He is as big as Soros.

This is unfortunate for Tom because he really wants people to know his name now.

He's running for president of the United States, so you need to have some recognition.

He dumped a lot of money.

I mean, you know, I would assume that no one in this audience put themselves through the torture of ever turning on MSNBC, but unfortunately, it's part of our job.

And if you go, you watch MSNBC for 10 minutes, you'd see at least one or two commercials from Tom Steyer saying it's time to impeach the president.

The guy spent

millions of dollars.

He says he's going to spend $100 million of his own money in this campaign to try to win it.

He has shown up at 3% and 4% in some of these polls.

And because of all of his money, you have to take him seriously, though I don't know that there's really any.

groundwater.

It's over if he's not in this one, right?

No, and this is one of the weird things, and you'll see this play out.

I think this debate entry is probably the least important of of all of them.

And the reason for that is the third and fourth debate, the one that's coming up here in September, and then one in, I believe, and it's in October, they have the exact same

qualification standards.

So, if you have 130,000 donations now, you've already cleared the next debate hurdle.

And also, the polls that counted for this debate will also count for the next one.

So, if you are at three, like Tom Steyer is, he only needs one more before the next deadline to get to four.

So, likely, there will be more people in the next debate, not less.

So, you'll have 10 in this one, most likely.

You'll probably get to 12, 13, maybe even 14 for the next debate.

And if you miss this one, but you're in the next one, I don't know how much that really hurts you, as long as you're in one of the two.

If you're at that point, like Seth Moulton, whose campaign we lost recently, Glenn, where you can't get into any of the debates, or Mike Gravelle, whose campaign we also sadly, tragically lost.

And I,

and we lost him before anybody knew who they were.

I know, and that's the saddest part.

You know, Mike Gravelle, sure, his last day in government was the day Ronald Reagan was inaugurated, but why couldn't he?

Say it again.

Say it again.

His last day with a government job was the day Ronald Reagan was inaugurated.

But yeah, sure, he should be running for president in 2019.

He was 12 when he was.

No, he's just 89 now.

89

years old, and he couldn't catch on.

There's something

it's stunning, Glenn.

I think it's ageism.

I do.

I think that

these Democrats are such ageists.

I know.

They only want someone in their high 70s.

They will not go into the 80s.

And that's at least

unless Biden wins and then runs for re-election, then they'll be fine with the 80s.

But as of right now, they have a strict line.

I think that this is, I mean this sincerely.

Watching Joe Biden decay in public is sad.

It's really, truly sad.

Yeah.

And

I just don't think he's, I mean, you know, they're already saying, Donald Trump, we need to have a psychological evaluation.

Joe Biden, Joe Biden, maybe not today,

but he is decaying in front of our own eyes.

And that's something that we probably should, you know, every year just say, hey,

have you found yourself walking outside of the White House wondering who you were and why you're in this strange building?

Yeah, it's weird.

I mean,

you see him, he looks tired often.

That's something you never get from Donald Trump.

Remember, Trump is in his 70s, too.

It's not like Trump is

45.

Crazy.

But he never seems like he's tired in public.

Biden, on the other hand, is, and he seems to be slipping.

And his style is not conducive to the slipping.

Like, if you picture, like, picture Barack Obama at 78 years old, he's a slow, deliberate speaker.

speaker.

He does a lot of speeches, is on prompter all the time.

That person, as you slip a little bit, you can kind of get away with it for longer.

Joe Biden's kind of an off-the-cuff guy.

He speaks rapidly.

He's always been gaff-prone, but this is more of like he's missing words and sentences.

He's just can't find, he can't remember things.

I mean, it is sad, and I don't know if he's going to be able to pull it off.

As soon as the Democrats say to themselves, no longer is he the most electable because we see him slipping, he's out.

That's the problem.

He'll fall off a cliff if the Democrats decide that.

Because I don't think they really like him.

They'll tolerate him because he was an icon on the left for a while, but he's not the new left.

No.

And they just think he can't win.

Yeah, the minute they think he can't win,

he's done.

He's done.

All right, back in just a second.

So, what is as bad as having to constantly fluff your pillow throughout the night?

Well, I can think of

a few things.

Being hung as a

horse thief would be bad.

Living next to a nuclear power plant and a plane flies into it, that would be bad.

But other than that, really,

not much.

Not much.

It's the worst.

Okay, being locked in a refrigerator in the shining

hotel, that would also be freaky.

But having to fluff your pillow and having a hot pillow all night is the worst,

except for those things.

You can get great discounts now on all my pillow products if you go to mypillow.com, click on new radio listener specials, and you're going to see some amazing offers on their pillows.

They have the Giza sheets, which are really, really soft, mattress toppers, and so much more.

For example, their body pillow right now is usually about $90,

but if you use the promo code Beck, it's only $29.99.

Remember, all my pillow products come with a 60-day money-back guarantee and a 10-year warranty.

And even better, if you pre-order a copy of Mike's new book, your entire order will ship for free.

Just go to mypillow.com and click on new radio listener specials.

You'll get deep, deep discounts on all my pillow products, including the body pillow, for $29.99.

So enter the promo code Beck or call 800-966-3117.

800-966-3117.

Again, mypillow.com.

Use the promo code BEC.

Right after this program, in about 10 minutes, I'm going to be taking phone calls.

I'm up at the ranch this week, and I just want to talk to you.

I want to hear from you on how are you feeling about Donald Trump?

How are you feeling about the economy?

What do you think about the next election?

What are you and your friends experiencing right now?

Where is the zeitgeist, if you will, of the country?

Are you feeling the recovery?

Are you feeling a recession in your own life?

I'd like to hear from you.

The number is 888-727-BECK.

888-727-BECK.

Call us right now.

I was taking phone calls here in, you know, about 10 minutes from now.

And I really want to hear from you.

888-727-BECK.

All phones.

Next.

Call us now.

This is the Glenbeck Program.

Program, program, program, programme.