In a rare glimpse into a meeting between the President and lawmakers, President Trump said DACA should be a bill of love. This made Jeb Bush happy. Do you remember the days when talks of amnesty torpedoed Marco Rubio? When low energy Jeb was destroyed by candidate Trump because he referred to illegal immigration and DACA as an act of love? Well, those days are gone.
00:01:53.480It was it was actually hard to determine whether Trump favored the Democrats at the table or the Republicans.
00:01:58.640When when Feinstein posed the question about the president's willingness to do a, quote, clean DACA bill now and security for the border later, Trump went into full agreeable mode.
00:02:14.740It took the House Majority Leader Kevin McCarthy to remind President Trump that Feinstein didn't mention the wall or border security.
00:02:24.720Now, he eventually made his intentions a little more clear, but it all kind of seemed like an afterthought for him.
00:02:32.940In fact, he said at one point, you go ahead and put it all together and I don't care what it is.
00:04:17.720This is their influence because he is more than willing to reach across the aisle and cooperate.
00:04:24.500He even suggested they bring back earmarks.
00:04:28.080Quite honestly, after seeing it yesterday, you should rename Pennsylvania Avenue and it should be renamed Broadway because that theater was very good yesterday.
00:05:49.660Well, the American people don't trust Congress, but we'll get into that later.
00:05:54.500There was something that broke this morning at five o'clock that I that really concerned me that the Asian markets began to sell a lot of American stock and started getting out of anything American around five a.m.
00:07:25.000This comes at a very critical moment for the long dated U.S.
00:07:29.780Treasury market, the 10 and 30 year market out there, because they've been bumping up against yields have been bumping up against a trend line that's been in place for 30 years.
00:07:39.520We've had yields going down and they were right up against the upper channel.
00:07:44.060They were ready to pop into territory that would bring out the bond bears, those things that are so scary.
00:07:48.800To to to everybody in power, because once you start getting a sell off in long dated U.S.
00:09:14.020Historically speaking, before any huge bubble breaks, you'll have a time of euphoria, a 12 to 24 month period of euphoria where the stock market kind of feels like Bitcoin felt in November.
00:10:27.880And in the bond market, there's extraordinarily low liquidity, meaning I've watched trades sit on the tape for hours, sometimes days, when they used to sell in minutes.
00:10:40.420And so there's not a lot of liquidity and there's a lot of leverage.
00:10:43.420You put those two L's together, and what you find out is that when bonds start to sell off, they actually vacuum money from other parts of the market because you have to pay for the loss.
00:10:57.480And the stock market as well has the highest amount of margin debt, which is a form of leverage that's ever been seen on record, higher than we saw in 2000, higher than 2007.
00:11:08.140So there's a lot of leverage out there, and this is the concern a lot of traders have, is that once you get an unwind started, how fast does it go?
00:11:33.200Last week, the president of China went out in front of all of his forces, and he said, prepare for war.
00:11:43.280And it was kind of shocking language from him, but it didn't seem like they were being aggressive as much as, you know, hey, the world's changing and we have to prepare for war.
00:11:55.640Is it possible that this is some sort of bluff with them, or do you believe they are really, truly considering getting out of our treasuries?
00:12:07.780Well, the most important report that was ever released came out in June of last year, 2017, and it was released by the Beijing Petroleum University.
00:12:20.340And the report said, hey, we've studied it intensively.
00:12:23.320China is going to experience a peak in oil output in 2018.
00:12:27.880That's from conventional, unconventional, all their shale.
00:12:30.440They looked at everything and said, that's it.
00:12:31.820And they looked at their own rising demand and said, oh, my goodness, we are going to have to import twice as much oil as we currently are within the next 12 years.
00:12:40.520It puts them really at crossroads with the United States, who's also still a large importer and with a lot of Europe.
00:12:47.800And we saw Saudi Arabia travel to Beijing shortly after that report was released, and they struck a bunch of deals.
00:12:54.380There's a huge realignment going on around this.
00:12:56.860Everything you hear about the United States military and the South China Sea, the Spratly Islands, the sandbars that the Chinese are building, those are there because there are oil and gas reserves in the South China Sea that they want.
00:13:09.900That's the nature of this game that we have to look at, because China is full to the gills in their leadership with very serious people who've got great credentials, a lot of scientists, a lot of engineers, doctors, lawyers, very few lawyers.
00:13:23.680And they understand that this next part of the game is going to be all about the Middle East.
00:14:14.240So you look at student loans, auto loans, subprime auto loans, mortgages, corporations making debt, triple A rated corporations, junk rated.
00:14:22.620We've never seen this much debt either in the United States or the world.
00:14:27.520So from 2007, this whole recovery, it's really been based on a lot of printing and the whole world's done it.
00:14:35.280And so we're you know, the thing that scares me the most is that, again, we're looking for a pin.
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00:17:43.280There's not enough light bulbs on the ship.
00:17:45.260This time, I've changed my opinion because I've done some research on history, and everybody knew, anybody who was smart in 1928, you knew a crash was coming.
00:18:06.880And yet, over 18 or 24 months, beginning in 1928, the stock market just went through the roof, and it sucked up everybody's cash.
00:18:19.980It is, I believe there's going to come a period here soon where it will begin to feel, the stock market will begin to feel like Bitcoin did.
00:18:31.600When that feeling is going on, run for your life.
00:18:38.000I just, I feel, and now China not buying bonds, that might change things.
00:18:44.220But I just think that people are going to start pouring their money into the stock market, and it's going to, it will break everybody in the end.
00:19:19.460I think this 20,000 to 25,000 on the Dow is the beginning of it.
00:19:25.560And it's, I kind of feel like, you know how you talk to people about, you know, the end times, and they're like, and once this happens, it's seven years.
00:20:32.540You're listening to the Glenn Beck program.
00:20:37.100So yesterday I had the sound off and I was watching the press conference for a few minutes and I thought to myself, boy, he really looks presidential here.
00:20:55.800Then I started listening to the president and I did not recognize him.
00:21:01.080He is, he suddenly yesterday became the guy I've been expecting the whole time.
00:21:09.960I want you to listen to what he said about comprehensive immigration reform.
00:21:19.060Listen, my positions are going to be what the people in this room come up with.
00:21:23.540I am very much reliant on the people in this room.
00:21:26.660I know most of the people on both sides.
00:21:28.440I have a lot of respect for the people on both sides and my, what I approve is going to be very much reliant on what the people in this room come to me with.
00:21:37.880I have great confidence in the people.
00:21:39.820If they come to me with things that I'm not in love with, I'm going to do it because I respect them.
00:21:44.240I'm trying to remember the time that anybody who voted for the president said, I want you to go to Washington and trust the members of Congress on both sides.
00:21:58.200I don't remember a single voter saying on either side, we trust Congress.
00:22:07.280We believe the members of Congress will do the right thing.
00:22:11.620I certainly don't remember anyone on the right saying, even if the members of Congress on immigration, on comprehensive immigration reform, if they come to you, Mr. President, and you don't like it, I want you to trust them over us.
00:22:34.080I don't remember, I don't recall that.
00:23:48.380Now, some people, I believe, said, OK, I'm not for DACA and I don't want DACA.
00:23:55.580But if that's the chip we have to put down on the table to get the fence and everything else done, well, you get that done first and then we'll talk about it.
00:24:05.800Now, if I would have said that, which I did, if I would have said that during the election, you'd hang me, which you did.
00:27:12.780And I'm there with you because this sense of this system really lends itself to not getting along.
00:27:19.800It lends itself to hostility and anger.
00:27:22.740And they hate the Republicans and they hate the Democrats.
00:27:25.740And, you know, in the old days of earmarks, you can say what you want about certain presidents and others where they all talk about they went out to dinner at night and they all got along and they passed bills.
00:28:07.000Aren't we against earmarks or are we for earmarks now?
00:28:11.040And the reason why those deals were done at meetings when you could trade earmarks was them, politicians taking taxpayer dollars and paying each other off with them.
00:31:43.680I will tell you, you're seeing a new Donald Trump, and I think you're going to I think this is the Donald Trump that is going to stay because this is the Donald Trump that heard in the last 48 hours.
00:33:11.920So, I mean, you don't want to overstate it.
00:33:13.660But this is the type of stuff that the audience of Trump supporters, because there's a lot of people in the audience that were not big supporters and voted sort of, you know, with their nose plugged on Trump.
00:33:23.300But the people who are real supporters, this is the issue they laid their supporters out on.
00:33:26.520And if the supporters don't push back on him, if he doesn't get the negative response from his supporters, he will just go.
00:36:31.320I can, you know, I thought of that last night that here are all these people who, I don't think, there are some people who are just blind supporters.
00:36:39.680There are others who are like, give the guy a chance.
00:36:42.940And, man, I don't like, I'm embarrassed by this or I don't like this, but give him a chance.
00:36:48.180And when he, I think he just slapped people across the face yesterday.
00:36:53.060I feel bad for those people who have been out defending him and have really wrestled with defending him.
00:37:48.960When I was in high school, we were all supposed to read The Great Gatsby.
00:37:51.720Everybody had to read The Great Gatsby.
00:37:53.740And I think we were supposed to get some anti-capitalist thing out of it.
00:37:56.620But what I got out of it was, here's this guy who was shunned for who he was.
00:38:02.320He wasn't good enough for the woman that he loved.
00:38:04.680And so he went out and he created a new identity for himself.
00:38:08.340He didn't go about his, you know, transformation in the most upstanding and moral ways.
00:38:13.140But he did succeed in becoming a self-made millionaire and he did it for the woman that he loved.
00:38:18.640As I reflect on the news of Steve Bannon's firing from Breitbart yesterday, I can't help but see a Gatsby-like figure constantly reinventing himself.
00:38:30.060Bannon was born to an Irish working class family in Virginia.
00:38:45.700He went to Harvard Business School, became Goldman Sachs guy.
00:38:49.220After banking, he decided he wanted to go into the movies and he became a screenwriter and a producer.
00:38:53.540And his film credentials ultimately led to a relationship with Andrew Breitbart.
00:38:58.500When Andrew died, Bannon saw an opportunity to create a new chapter in his book and he pushed his way into Breitbart News and he used that as a tool to wedge himself into the White House.
00:39:13.580But he needed to court the Trump administration, so he turned Breitbart into a site that became an embarrassing propaganda outlet.
00:41:09.380You're listening to the Glenn Beck Program.
00:41:11.860So I really want to hear your opinion on what happened yesterday.
00:41:15.560And I want to play just the quick audio clips just to remind you where we are.
00:41:20.840Donald Trump had a had live shots of him in the cabinet room talking to all the members of Congress or the leadership of Congress about DACA and the border.
00:41:35.620And and here's what he said about what he's willing to sign.
00:41:39.660My positions are going to be what the people in this room come up with.
00:41:44.160I am very much reliant on the people in this room.
00:41:46.900I know most of the people on both sides.
00:41:48.800I have a lot of respect for the people on both sides.
00:41:51.440And my what I approve is going to be very much reliant on what the people in this room come to me with.
00:41:57.980I have great confidence in the people.
00:42:00.040If they come to me with things that I'm not in love with, I'm going to do it because I respect them.
00:42:04.400OK, there's also the the Trump bill of love, which has been a big discussion point today.
00:43:14.640When he so he knows that there's pushback potentially coming from his base, his base.
00:43:20.840And this audience and anyone who's conservative on the border, he realizes that he knows that that could be coming.
00:43:28.100And here is his prescription and his his hall pass to Democrats and people who are more amnesty prone on the right about how they can deal with this.
00:44:47.620And now they've gone back and gone against pretty much everything they've said and praised him yesterday on what he's doing.
00:44:55.280And I honestly don't think he's just going to give them DACA.
00:44:57.700He's dangling it in front of their face, making them think that, you know, he's going to give it to them.
00:45:02.660But at the same time, he's probably going to come out there and be like, look, we have to get both of these things done at the same exact time.
00:45:07.840If it doesn't work that way, it's just not going to work that way.
00:45:09.840Well, that's not what he said yesterday.
00:45:11.680So you think that he's that's a strategy for him?
00:45:42.300I just went over how much I'm paying this year in taxes with my bookie and my accountants and things like that.
00:45:49.340And it's just everything is getting really it's getting done.
00:45:52.900I think he's doing a lot of good things.
00:45:54.480I think there's some things like health care that need to get done.
00:45:57.000And if something like DACA goes through before we get some kind of immigration, you know, a wall deal or something of that nature, then he's going ass backwards, in my opinion.
00:46:09.120And if he doesn't, if he goes and actually gets these things done and includes the DACA deal, I'm OK with that to a degree.
00:46:18.820I don't think any of us are OK with DACA in general.
00:46:21.360But like you said, it's pretty much the only chip he's got.
00:46:23.720And if he doesn't play that chip, then I think he's going to lose a lot of people.
00:48:21.680I mean, Governor Cuomo only has to win Westchester County South, and he wins every re-election.
00:48:29.080I mean, if you're a conservative in a blue state, as heavily blue as New York, California,
00:48:33.800I mean, you're irrelevant for the most part.
00:48:36.640And if we squander this opportunity, we already squandered an opportunity to elect a great Reagan-esque candidate in Ted Cruz with an impeccable conservative record.
00:48:46.520If we squander the opportunity to have a Republican in the White House, majority in the Senate, and in the House,
00:48:53.760what hope do we have of ever telling the American people, oh, elect us.
00:50:11.580She supposedly wrote a good chunk of the initial border policy that Trump released during the campaign, and obviously he has not particularly followed that so far.
00:50:22.360But that, again, to the point of some of the people who are calling in, is this just Trump saying things?
00:50:35.400I will say that the one thing that is really interesting about this to me is, again, showing how terrible of an idea it was for Democrats to react to Trump the way they did.
00:50:45.700If they had approached him like this from the beginning, they would have been able to get tons of stuff done with a Republican president and not have to deal with any of the downside of it.
00:50:56.420Instead, they just treated him as if he was Satan slash Hitler from day one, and that caused him to kind of push back and just get into a fight with them.
00:51:19.080Yeah, well, I've kind of been in this position before where I'm feeling a little uneasy, and then he always goes out and does something that, you know, brings me back to his side, where it's like, oh, yeah, that's my guy.
00:51:33.560You know, he's just playing those fools.
00:51:53.040Now, and I will say that if it leads to the end of chain migration, the lottery, and a border wall, I'm okay with granting citizenship to the DACA people who don't have, you know, criminal records.
00:52:41.120Remember, if we, and this is not popular, and I don't like doing it, but if we have to give the people who are here citizenship, it's not a good thing.
00:52:53.100I don't like it, but if that border is secure, I will trade, but I want the border secure first, and I don't think that's going to happen.
00:53:04.280That's the amnesty position from Rubio and Bush and Graham, and I mean, that's been controversial in the past.
00:53:14.600So, you know, he said, you know, he said, this is theater.
00:53:17.500I just, I just want to, I just want to give you this.
00:58:28.020And some of them are a little hopeful.
00:58:29.920Some of them are a little not so hopeful.
00:58:31.500But just looking at the where the world is going and what does it possibly mean?
00:58:38.900One of them today that we're talking about on the show and what, about a half an hour, Stu, is I believe that China is going to land a rover on the dark side of the moon.
00:58:50.780And it's not really much of a prediction.
00:58:53.960They're going to claim this as a science mission, which it is.
00:58:59.360However, this is really strategic for us.
00:59:04.560If they're going to use a, they'll put a satellite up in halo orbit over the far side.
00:59:10.340And that will be able to control and communicate with their lunar lander and their rover.
00:59:17.400That is the first time that they've done anything like that.
01:00:03.800However, a lot of that goes into what's going on in the Middle East, goes on to what's going on with immigration.
01:00:09.320It goes to the treatment of non-Muslims in the Middle East, kind of what we've talked about with the Nazarene Fund, socialist countries and their economies.
01:03:40.020Can you explain, going on the other side of the moon, it'll be the first time, really, that we can hear deep sky or radio without all of the static from Earth, right?
01:03:58.380Well, not really because you still have to relay through that relay satellite, right?
01:04:05.820So, you know, the fact that they're going to the far side of the moon is unique.
01:04:10.660Nobody has landed a probe over there, not for any particular reason, except that, you know, you have to have a relay satellite in order to communicate with it.
01:04:18.960So they've got to first put that relay satellite in that halo orbit so that you can relay messages from the far side of the moon back to the ground stations on the Earth.
01:04:27.360But it's going to be interesting to see if there's any difference between what we've found on our scientific probes on the side that we can see versus the far side.
01:04:39.840Why all of a sudden, and I think it's a great thing, I mean, I'm excited with, you know, with what Elon Musk is doing and everything else, but why all of a sudden do we have this race, it seems, to go up into space again?
01:04:58.940We've done the shuttle program, station program, and we're kind of plotting along with exploration, although there's been no serious or no significant, I should say, or farther advancing political and financial commitment to that.
01:05:13.980There's been a lot of talk, and we are developing the new vehicles, but it's Elon Musk and Jeff Bezos, SpaceX and Blue Origin.
01:05:20.900And here are two guys who are visionaries and who are willing to commit their resources, their personal and influential resources, to go ahead and do exploration.
01:05:32.340You know, that's never been done before by commercial companies.
01:05:36.220You know, where's the profit in colonizing Mars, as Elon Musk wants to do, or in the case of Jeff Bezos, he wants to build infrastructure in low-Earth orbit and out into cislunar space.
01:05:46.080So, you know, he's kind of doing, sounds like kind of a field of dreams thing, you know, build it and they'll come.
01:05:51.300But it would be difficult to get, like, a Boeing or a Lockheed.
01:05:54.340There's no way their shareholders or their boards would let them go do these things.
01:05:58.640But these guys, they're out there, and they're serious.
01:06:13.140I've read that Helium-3 is, the moon is rich with Helium-3.
01:06:18.420And if you had a fusion system that you could, if you could fill the space shuttle with Helium-3 and it would run, it would be enough power for the United States for a year.
01:06:33.320Is there any way to transfer this or use this?
01:06:36.040Well, Helium-3, I mean, Helium-3 is present on the moon, but it's in the soil in the parts per billion concentrations.
01:06:46.340So that is, you know, for every gram of Helium-3 that you might harvest, it'd be a billion grams of regolith, you know, lunar soil that you'd have to go through and find a way to separate this stuff out.
01:07:00.660You could certainly, theoretically possible, to separate the Helium-3 and store it and bring it back to Earth.
01:07:06.480But the other part of the problem is we don't have a fusion reactor.
01:07:09.740You know, we've been 20 years from a fusion reactor since the 1950s, right?
01:07:13.640And so, you know, we need to invent a fusion reactor that is practical and actually works before we talk about bringing Helium-3 back from the moon.
01:07:23.260But people that, you know, have used Helium-3 as a justification for going back to the moon, and to me that's nice, but there are a lot more practical reasons to go.
01:07:33.880If we're going to go to Mars, the moon is the perfect place to prove your equipment, to train your crews, to get some experience before sending all that stuff to Mars, because the moon is pretty close.
01:08:03.220Leroy, when you hear the size of the rocket that Elon Musk is building, he says it's going to be 40 stories tall and can fit a 747 inside of the bay.
01:08:17.020When you see, and I know this is Hollywood, but when you see these movies and we are developing eventually some sort of interplanetary, you know, vehicles, they're enormous.
01:08:31.180Do we build those in space on the moon or do we launch them?
01:08:36.780You know, there are different ways to look at this.
01:08:39.580So Elon Musk did announce these huge rockets that he wants to build, and that's to support his vision of colonizing Mars.
01:08:46.060And so he's envisioning building spacecraft that can take 100 or more passengers to go, you know, start to colonize Mars.
01:08:55.900Either you launch it all at once, and, you know, you've got to have a huge rocket to do that,
01:09:00.440or you build gas stations in, say, low Earth orbit or in orbit around the moon, and then you launch kind of an empty vehicle out there and then fuel it up to go, right?
01:09:11.460So there are pluses and minuses to each approach, but what Elon is talking about is building a huge rocket, much bigger than the Saturn V.
01:09:18.600In fact, in the 1950s, 1960s, the United States, it was called the Nova rocket.
01:09:24.980You know, they had these ideas where they were going to build these similarly huge rockets to do interplanetary exploration.
01:09:30.860So there's certainly something to that.
01:12:05.720So they're looking at you and your situation.
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01:13:34.920Glenn, I've listened to you since way before 9-1-1, and I've just been such a fan, and I've just been fascinated by everything that you have done and accomplished.
01:15:24.860Scammers, of course, see this as an opportunity to steal your credit card information and other personal data by distributing phony retail apps.
01:16:57.600I mean, who doesn't want the lazy river at their school in a splash park?
01:17:01.500Of course, it's going to be a selling point for, you know, all the male high school seniors who, you know, decide where to spend all of their parents' money.
01:17:10.360Colleges don't have to put anything else in the brochure but the pictures of the hot girls at the water park.
01:17:16.120Now, for anyone who actually cares about the future of our great nation, the question is, uh, why?
01:17:23.500Who is the genius that said, you know, what would really motivate our students and set them apart in the academic world and also for hiring, uh, is, uh, you know, to give them a lazy river on campus?
01:17:55.920Don't waste the brain cells on trying to figure out how you can screw off.
01:17:59.940Many of these water park colleges are public universities, originally built on the, on the premise that educated citizens are a, are a vital piece to a democratic society.
01:18:14.580But now college administrations and trustees are, are way more concerned with building their university brand than maintaining any kind of public trust.
01:18:24.720So they're turning colleges into an all-inclusive resort.
01:18:30.320Auburn university's water park has a giant paw print shaped hot tub.
01:18:58.940I mean, you got to stay connected when you're in the water park, the indoor water park at the university of Missouri features a grotto modeled after the one at the playboy mansion.
01:19:11.600Booker T Washington would be so proud.
01:19:14.560Most of these projects are paid for by raising the student activity fees on top of the regular tuition, tuition and fees at a public four-year college has grown 60% since George Bush was in office.
01:19:35.860Not the first one, the second one, which begs the question of Bernie Sanders and the Democrats, how on earth are you supposed to make college free, especially with the lazy river?
01:19:54.100And how do you get anybody to go to college without the water park?
01:34:02.180I've never done this before where I take and look at foreign affairs, the economy, high tech, health, everything else, and then break it up and then come up.
01:34:11.660I came up with 40 different things that I think could happen this year.
01:34:15.300And it's really kind of more of a sport than anything else.
01:34:17.900But if you would like to vote on which ones you think are likely and unlikely, you can do that at Glenn Beck.com.
01:34:24.920Just look for my predictions for 2018.
01:34:40.220Right now, the number one, and this is going to change for me, but number one is Turkey will continue to turn towards religious fascism and will continue to make hard turns towards Sharia law.
01:34:50.060That's a scary possibility because there are real power there.
01:34:53.780This is not just some small group doing something that we don't like.
01:34:58.740This is a big, powerful pseudo ally of us over the past few years.
01:35:04.000They've been part of the hope of the Middle East at times, and that seems to be fading away.
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