Abolish the Department of Education | Guest: Steve Forbes | 4⧸20⧸22
Episode Stats
Length
2 hours and 4 minutes
Words per Minute
144.46997
Summary
How our kids are being groomed by the Federal Reserve is a big problem, and we're going to talk about it in this special episode of the Glennon Back Program. Today's special is based on the G. Edward Griffin book, The Creature from Jekyll Island, which is all about the Fed, how it was built, what it does, where it gets its authority, and who's causing it.
Transcript
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What you are about to hear is the fusion of entertainment and enlightenment. This is the Glenn
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back program. Hello, America. Welcome to Wednesday. Tonight, we have a big special on how our kids are
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being groomed. And it is it's terrifying. We're going to get into it just a bit. You need to know
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what's going on. And it's not just happening in California or New York. It's happening in all of
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our schools happening here in Texas. It is rampant. We'll tell you all about it coming up in just a
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little while. Also, I want to talk about something bigger. People, people say, what do we do? What
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do we do? What do we do? What are we going to? How are we going to save our nation? Well, the first
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step, I think, is making a choice. Are you going to be free or are you going to be happily fed by
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someone? I'll explain that choice in 60 seconds. First of all, how does inflation work? Who creates
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it? Why is the answer to that pretty much always the Federal Reserve? Most people don't know what the
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Fed is. They think it's part of the government. And it is not. It is a private corporation owned
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by all of the biggest banks. They have so much power. They are really responsible for our inflation
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and our economic problems and the eventual loss of the dollar as the world's reserve currency.
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So who are they? Well, I've been telling you about the Tuttle Twins books for a while.
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Well, these are, I think, essential for every home to have. They take really important books,
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mainly about our founding or anything about how the free market works, and they make it easy for
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kids to understand. Well, they have one called the Tuttle Twins and the Creature from Jekyll Island.
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And I've asked them to make this one free so you can just check it out. This is based on the G.
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Edward Griffin book, the Creature from Jekyll Island, which is all about the Fed, how it was
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built, what it does, where it gets its authority. How does inflation happen? How do you stop inflation?
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Who's causing it? These things are going to be the most important topic around your table.
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And the most important decisions that you will make will be revolving around inflation. You need to
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understand it. It's free for any family. TuttleTwinsBeck.com. TuttleTwinsBeck.com.
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So I was reading an article, and I'm having a hard time editing it because I think it's so important.
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It comes from Alex Svetsky. He is the author of The Uncommunist Manifesto. And he says,
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modern society must make a decision. We as individuals in a modern society are becoming
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more technocratically dystopian by the day. We will inevitably be faced with a choice.
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Now, he points out in this a big difference between cryptocurrency and Bitcoin. Hang on.
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He says, the West is no longer the West. I don't even know if it deserves to be capitalized.
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What made it great and successful, the Enlightenment values and the sovereignty of the individual are all
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but dissolved in the morass of modernity's mindlessness. Gone are the days of excellence,
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greatness, and standing out. In are the days of conformity, compliance, acceptance, participation
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awards, and just fitting in. The values and virtues that made the West great have been replaced with
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the incessant cry for comfort and convenience in return for obedience. The crescendo of this horrific
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orchestra is nigh. Gaslighting is the norm. Like Orwell predicted, war is now peace. Freedom is now
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slavery. Ignorance is now strength. The West was not defeated by a single blow. It has been death by a
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thousand minute and meaningless cuts. From pronouns to equity, scientism, welfare, climate alarmism,
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political correctness. This incessant need to deconstruct objective reality into completely
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arbitrary subjective falsehoods. That has transformed the once great West into a cesspool of moral
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relativism. When everything matters. When everything matters, nothing matters. We are truly living in a
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clown world. We used to aspire to greatness and excellence. We were interested in the idea of
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quality, of worth, of value. But there is no more value. Like the money we conjure out of thin air and
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used to measure human action in all resources. Everything has been supposedly made abundant
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because we have no anchor to real cost. And as a result, we're drowning in excess quantities of fake
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wealth, of junk that doesn't matter. Whether this be NFTs, moronic media, reality TV, fake celebrities,
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brainwashing at school, nursing home level politicians, or scandemic, scandemics.
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And because we spend all of our time lying to ourselves and burning through real resources,
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we are simultaneously suffering from shortages and areas that do matter. Energy, food, responsibility,
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intelligence, intelligence, and courage. We used to be pioneers. We used to envision our place in the
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stars. Now we bicker and worry about our place in the dirt. It's a sad time for humanity. And dare I say
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only God knows when we come out on the other side, if we do it all. The empire of lies cannot last,
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and it will collapse either on top of all of us or atop only some. I sincerely hope the latter for the
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only meaningful and realistic goal we have left as sovereign intelligent individuals is to limit the
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collateral damage. As we embark on this pursuit, and as the collapse of these false orders inevitably
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occur, it's my belief that Homo sapiens will bifurcate into two primary camps and perhaps two different
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species. One, Homo lemminus, and two, Homo bitcoinius. The first one is a classic midwit NPC status
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persona. Those who lack personal control and restraint and as such project that lack onto the rest of the
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world. The key characteristic of the yearning to reduce the diverse constituents of a complex organism
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into simple numbers and transform these systems into mere spreadsheets. They are the doctors who believe
00:10:04.640
health is the absence of disease, that disease is the absence of modern medicine, and that depression
00:10:11.760
is the absence of Prozac. They lack the capacity to think holistically, and they view all fractal complex
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systems as linear and isolated from the whole. They have major control issues because they lack
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self-control and therefore compensate by attempting to control others. They're willing to trade the
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diversity and complexity of life for sterility and linear control. On the other hand, Homo bitcoinius
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will be the kind of individual who continues to become more robust, sovereign, and self-reliant.
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They will be too busy practicing self-mastery and building something of value to bother with
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meddling in other people's lives. They will be more local. They will own the product of their labor.
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They will trade freely, and they will have no master. They will own stuff and be happy.
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Of course, there will be diverse classes of people arranged into hierarchies of competence.
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They'll not be built on some arbitrary authority by decree, but the emergence of natural leaders and
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masters of their craft. This is what nobility means in the classical sense. To be noble is something to
00:11:39.260
aspire toward, not something to sneer at. To be noble is the pursuit of excellence and greatness.
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It is my hope that the new West will both be built and populated by these kinds of people.
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He goes into the difference between crypto and Bitcoin. Have you ever thought of this, Stu?
00:12:17.340
Sure. Yeah. I mean, every project is different in scope, and I was reading some of this earlier
00:12:25.680
today. It seems like one of the big criticisms he has is the centralization aspect of many of the
00:12:31.460
other coins, which is a problem. I don't think that they're all worthless, but that is one of the
00:12:38.660
strengths of Bitcoin. It was why it was the first one. It's why it's a big one.
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I think those fundamentals much better than any of the others.
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So he talks about Bitcoin. He says, here are the reasons Bitcoin came up in the first place.
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It was the removal of rulers and issuers of money, the removal of monetary inflation,
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the demonopolization of money forever, the placement of money into the realm of physical and natural laws,
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and the fusion of energy, universal physical currency, to money in the metaphysical sense.
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The magnitude of this achievement is staggering, and the inability for people to comprehend it is both
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mind-numbingly frustrating, but also expected, considering the nihilistic pets humans have become.
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Perhaps the words on this page jolt you, or perhaps I'm just yelling at the clouds.
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I don't know. But I'll try my best to remind you that fiat is the enemy, in every sense of the word,
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and in every incarnation. Any kind of coin other than Bitcoin is just replicating the fiat we already
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have, but on a more digital standard. You don't want to give these people, no different than Bill Gates
00:14:01.540
or Mark Zuckerberg, ultimate power over you. Do you? And he talks about how crypto
00:14:09.000
has just become outright Ponzi schemes or machines used by the financial tech world and by governments.
00:14:22.680
And he specifically goes into Ethereum. And I didn't know this about Ethereum. Ethereum apparently
00:14:30.600
is, let me see if I can find it. Ethereum is the Ethereum Foundation. Did you know that?
00:14:39.720
Yeah. He writes, it's infused with World Economic Forum participants, but Ethereum co-founder
00:14:46.780
owns Infura, which practically the entire Ethereum network runs on. He's part of the old guard,
00:14:56.400
worked at Goldman Sachs, I believe in bed with agencies attempting to reduce the world into
00:15:01.300
a spreadsheet and humans into numbers to populate it, WEF, BlackRock, et cetera.
00:15:07.880
Look, Ethereum is a totally different project, right? And it's a totally different aim.
00:15:11.280
Um, but still, you know, look, uh, the point I think is, is most pure here in the difference
00:15:18.200
between Bitcoin and these centralized Fed coins where, you know, this is where you're taking
00:15:24.780
the positives of Bitcoin and implementing it into a system where the central government
00:15:29.400
can monitor every one of your activities. Correct. And that is, I think the biggest danger
00:15:34.000
here. You know, you can obviously be involved in these other crypto projects or not, but it's
00:15:39.540
really more about not just, you know, the, which cryptocurrency you're talking about,
00:15:46.040
right? It's, it's, it's a bigger issue than this. Well, he says, you know, that centralization.
00:15:51.580
Yeah. He's, he's talking about like Cordano is, is, uh, you know, using, uh, yeah. Cardano
00:15:57.300
or Cardano. Yeah. Cardano. I mean, we're, we're super deep here. I think. No, I know that. I know
00:16:03.060
that. But they're saying that it's blockchain for social good. Cause that explains what happened
00:16:08.840
at the world economic forum. They were talking about blockchain and a lot of these things have
00:16:14.360
their founders and, uh, you know, the people on their board who are WEF members. And they're
00:16:20.700
talking about, this is going to be, you know, um, you know, socially good for everybody that,
00:16:26.440
that is leftist code language, you know, socially good. What, how are you going to make sure that
00:16:33.800
things are balanced? That's the one thing that Bitcoin does not do. It doesn't balance and give
00:16:40.320
promise you equity. It promises that you can take your labor, turn it into money, put it in Bitcoin
00:16:48.880
and it remains safe for you. Yeah. Relatively. It's, it's not, there's no, there's no overseer,
00:16:59.520
right? That's the, that's the, the promise of it. And, you know, I will say there's a really
00:17:04.380
good argument that a lot of the cryptocurrency stuff has gone away from that. You know, they've
00:17:09.540
tried to solve some of the, you know, perceived problems with, with no centralization by putting
00:17:17.040
a few people who aren't the government in a position of centralization, which is not,
00:17:21.900
it's not any good. That's what we did with the fed. It's not, it's not great. Right.
00:17:25.600
You are setting up a new federal reserve. But like you, as you see, you know, we've been talking
00:17:32.300
about this type of stuff for a while. When you talk about content being removed from the internet
00:17:36.940
and social media accounts going down, you know, banned and speech being not only banned, but banned
00:17:45.180
in advance, you know, people censoring their speech before they even say these things.
00:17:49.460
Uh, that's the promise of this type of technology where it's so far outside. You know, we keep
00:17:57.460
talking about, uh, you know, how are we going to change the law so that YouTube is nicer to us?
00:18:03.800
Like, I mean, I'm not saying there's nothing to do on those roads, but like those are, that's,
00:18:08.240
those are not solutions to these problems. Like YouTube is never going to do what you want it
00:18:12.940
to do. Twitter is never, even with Elon Musk in there, you're just going to start disliking Elon
00:18:17.040
Musk more if he takes this thing over because they're never going to do, they're never going
00:18:20.720
to do this right. But that is the reason why Bitcoin is so good is it sets the rules up and
00:18:28.020
the rules can't be changed. Right. The rules are the rules just exist. Yeah. Nobody, nobody can
00:18:32.760
change those rules. I would have no problem. That's what the internet used to be. I'd have
00:18:38.720
no problem if you had YouTube, Facebook, whatever, and the rules were the rules and you don't change
00:18:46.280
them along the way to, for your own, you know, board members or whoever you just, that's it.
00:18:53.860
Um, and everything was fair. You don't like that one. Good. Go create another one. And they didn't
00:18:59.560
have the ability to stop you from creating another one. That's the world that America always was.
00:19:07.640
America was based on that idea. The streets were lined with gold, not literally. They were lined with
00:19:14.720
gold because if you want to build something, this was the place where you could build it.
00:19:21.180
And remember Disneyland was built in under a year, about seven months. You wouldn't be able to get an
00:19:30.120
environmental study for Disneyland today. Um, that's who we used to, that's who we were in 1955.
00:19:36.980
So are we going to be free or are we going to be under somebody's thumb? That is the main choice
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If you're a parent tonight's show on blaze TV at nine, the Glenn Beck Wednesday night special is
00:20:59.920
mandatory. If you, uh, if you have kids, you really cannot afford to miss it. We're in a culture war
00:21:07.000
and there is no other option, but staying in and fighting it and refusing to surrender. Our children
00:21:15.200
literally are at stake. If you're a concerned parent, you've been fighting back against CRT and the new
00:21:23.220
comprehensive sexuality education. You've been doing a great job, but we are, we're only fighting
00:21:30.640
a fraction of what is going on. There's a new system that is being pushed through the schools
00:21:35.760
all over the country and it's receiving federal funds in mass. And, uh, the program has roots that
00:21:44.100
go all the way to the CDC and its collaborators are planned parenthood. They coordinate with each
00:21:51.820
other on school curriculum. I'll show you the proof tonight. The people pushing this on our children
00:21:57.700
want to turn teachers into an evil hybrid of sociologists and psychiatrists. And this is their
00:22:05.260
stated goal for the program. They say it quote through which all young people and adults acquire
00:22:11.880
and apply the knowledge, skills, and attitudes to develop healthy identities, manage emotions,
00:22:17.940
and achieve personal and collective goals to feel and show empathy for others, establish and maintain
00:22:24.480
supportive relationships and make responsible and caring decisions. Now it's made to sound benign,
00:22:32.820
but, uh, it's not. We'll show you tonight, 9 p.m. Do not miss it.
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My Patriot supply. The great reset is in full swing. Sometimes, sometimes it sucks, uh, to be right on
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preparewithglenn.com. Save $150 on a three-month emergency food kit, uh, from my Patriot supply.
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Save $150 right now. Go to preparewithglenn.com. They arrived in unmarked boxes for your privacy.
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It's preparewithglenn.com. Go there now. The Great Reset is the book you need to read.
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00:24:13.620
The Family Sex Show. A sex education stage production aimed at children as young as five
00:24:34.640
that features non-sexual nudity has now been canceled after unprecedented threats launched
00:24:44.220
at the company putting on the show. This is in England. What are we supposed to do with
00:24:47.740
our tickets or do you get refunds or? Well, I don't know. You'll have to call the box office.
00:24:51.860
The show features non-sexual nudity and explores topics such as consent, pleasure,
00:24:58.420
queerness, and gender. Um, in response, uh, more than 38,000 people signed a petition calling for
00:25:07.660
the cancellation of the show, which was set for May performances at Bristol's tobacco factory.
00:25:13.760
BBC, um, news reported in a follow-up story, the petition called the Family Sex Show profoundly
00:25:21.040
irresponsible and wholly inappropriate. You think? Yeah. The show's creators say it's regrettable
00:25:30.620
that violent and illegal threats and abuse directed to the company and venues by a small group of
00:25:35.140
people with extremist views have prevented families from opting to attend to something that was
00:25:40.360
transparent, consensual, and legal. You know, okay, that's good. That's really good. I love that.
00:25:48.360
This is the response of everybody. You know, I mean, we saw this with Taylor Lorenz over the past
00:25:53.020
couple of days. Uh, you know, you have to say that you've been harassed. You have to say no one
00:25:58.960
cares when a conservative is harassed online. No one cares when their life is threatened. Do you know
00:26:04.440
how many millions of dollars I personally have spent on safety for my family and over the years,
00:26:12.640
over 20 years? It's, it's insanity when you, people just don't understand if you were in the public eye
00:26:22.340
and now you don't, you know, the problem is you don't have the resources. It's insanity for my family,
00:26:30.240
but I really feel horrible for people who are just posting things. They're just regular parents.
00:26:36.280
They went to a PTA meeting and now they're getting death threats. They don't have the money
00:26:40.620
to have Gavin DeBecker and associates go and protect them. They don't have that. This is
00:26:48.440
a horrible trend and it is all Saul Alinsky. And it's one of the reasons why what we saw with the
00:26:57.280
Washington Post over the past couple of days is so dangerous. Yeah. You know, you go out and you give
00:27:01.820
out the home address of a person who's controversial online, but anonymous and you direct obviously
00:27:10.780
everyone to, to, you know, who God only knows what, I mean, harass the, you know, the person.
00:27:16.860
What, what, what are you suggesting by giving somebody's home address out? Yeah. I mean,
00:27:21.720
you're going to knock on the door and have a reasonable conversation with them and they denied
00:27:25.320
it. And that's unreasonable. They denied it, even though they linked to the real estate agent
00:27:28.720
or the license that has the address on it. I know. But again, like, you know, now she has had
00:27:35.240
to move to an undisclosed location and again, does not have Gavin DeBecker and associates to protect
00:27:41.860
her. We'll talk, we'll talk about this coming up next hour. Um, but this is the way that, uh, of the
00:27:48.580
world that now it is hate speech to call a boy, a boy, a man, a man, a woman, a woman. That's now hate
00:27:55.960
speech. This is going way too far tonight. I'm going to show you in the, their own curriculum.
00:28:05.180
It is, it's crazy. They are instructing the, and this is government funded instructing the teachers
00:28:15.300
how to instruct their students on identity and equity. Um, I'm going to break, break it all down
00:28:23.040
for you tonight. The ways that the ways they are really, truly brainwashing our kids. Some of the
00:28:28.380
little tricks include exercises that mentioned quote ceremonies and rituals. This is from their
00:28:38.420
curriculum, their words, not mine in your school right now. We'll show you tonight at 9 PM. Also,
00:28:48.320
there's a new Thor love and thunder and the, uh, trailer looks as though Disney Marvel is making
00:28:58.680
Thor a gay superhero. So in completely unrelated news, uh, Florida governor, Ron DeSantis announced
00:29:10.800
yesterday that the state legislature is coming back for a special session to do a couple of things.
00:29:17.560
one of which is to get rid of any special district enacted before 1968, gee, what's before 19, Oh,
00:29:28.440
1965 when Walt Disney got all of those special privileges. So he is serious. He says they, um,
00:29:37.100
this week's session will include the termination of legacy special districts and the removal of
00:29:44.120
exemptions from big tech accountability. You can't sue, uh, you can't sue, uh, you know, companies like,
00:29:52.180
let's say, I don't know, ABC, ESPN, or any of these companies that might put something out there and
00:30:01.600
you're like, wait a minute. Now that's, I'm sure completely unrelated to the 12 lobbyists that
00:30:09.380
practically live in the laps of, uh, Florida, uh, Florida, the Florida's legislature. Um, but they're
00:30:16.920
repealing that and the, uh, special exemptions for Disney in 1965. You would think that Disney is just
00:30:25.720
going to pull out all the stops and get those 12, you know, lobbyists just to promise all kinds of
00:30:32.540
things. But can they, because usually politicians, when you promise them, look, we'll fund your next
00:30:39.500
election campaign. That's usually what gets them. Um, I think Disney just said that they wouldn't fund
00:30:47.160
any elections and any politicians in Florida. So what's their leverage?
00:30:55.280
What's their leverage? And I think this is, I am a huge Disney fan. I'm a huge Walt Disney fan
00:31:03.340
and Walt would be sickened by his company today. Um, and you know, I know his what granddaughter,
00:31:12.960
a great duck granddaughter came out and said he would love the transgender. No, he wouldn't. No,
00:31:18.820
he wouldn't. No, he wouldn't. You should probably read a little bit more about your,
00:31:26.180
your great grandfather. I'm, I'm just saying he would love the transgender. What movement?
00:31:31.280
Okay. You know, everything that's going on that, you know, the Disney is pushing right now.
00:31:36.480
Cause wouldn't he have been able to theoretically do that when he ran the company? I mean,
00:31:41.360
if he loved it, he could have, well, he was probably a closet crossdresser because people
00:31:46.020
were so bigoted and hateful back then, you know, so who knows, who knows, but this is good news
00:31:54.680
because we have got to go on the offense. Yeah. I mean, I think it's going on the offense in a
00:32:01.920
smart way is, is really, uh, you know, an important thing. DeSantis has done a good job,
00:32:07.300
generally speaking, trying to find that line too, because you can be on the offense and also an
00:32:12.900
idiot. Yeah. That is, we've seen people do this. And I think DeSantis has figured out a pretty good
00:32:18.760
way of walking in that line that reinforces, you know, the conservative prince principles that he
00:32:25.800
cares about, that we care about. It's, this is just, um, this is just a return to sanity. You know,
00:32:35.420
1965, I understand why Florida did that. Should they have done that? Probably not,
00:32:40.120
but I understand why they did that. You got to stop doing things like this. You know,
00:32:46.120
we have to have an even playing ground for everyone. By the way, taking these special
00:32:52.240
exemptions away from Disney means that they now have county inspectors coming in that have to look
00:33:00.680
at all of their plans when they want to build anything, anything. And that's going to be tough
00:33:09.640
for them. And it has been a huge advantage for this corporation. I mean, you've been to Orlando,
00:33:16.480
if you've ever been in this area, you know, it's not just Disney world. There's parks all over the
00:33:21.900
place and all of them have to play by the rules. Like all of their competitors that you go to visit
00:33:27.260
have to play by these rules that Disney gets exempt from. And, you know, look unfair business
00:33:34.040
practices. It's absolutely unfair. I am honestly fine with a movement toward what Disney has where
00:33:42.760
for everybody though, not just for one chosen company. And, you know, I think people should
00:33:47.580
be able to do a lot more and be a lot more free and have to deal with a lot fewer of these restrictions.
00:33:51.920
I tell you, I am so, I am becoming so radical in my thinking. Um, and really it's not radical.
00:34:02.140
It's just radical to the progressive era. Um, but I don't know why we pay pop property tax. I really
00:34:09.140
don't. It's my property. I paid for it. And how is it that I could lose my property that I've paid for
00:34:16.720
if I can't make the property tax? What are you talking about? Isn't that what Robin hood was
00:34:22.660
trying to stop? Isn't it? Wasn't that why we moved over here because the Lords and the ladies could
00:34:29.660
just take your property. You have to pay a high tax. I purchased that already. What am I going to pay
00:34:35.640
pay property tax on my car to every single, Ooh, I guess I do in some degree. Yeah, you're right.
00:34:45.440
That should all be gone. All gone. I don't need another cause right now, but yes,
00:34:50.600
I'm with you. Get rid of it all. I'm telling you the first presidential nominee that says,
00:34:57.180
I'm going to abolish the, um, uh, board of education or the department of education. I'm
00:35:05.760
going to abolish it and see this guy over here. He hates the department of education. He hates it
00:35:15.200
with, uh, what does Pat say with all the passion of a thousand white hot sons. He hates it. I'm going
00:35:23.180
to make him, uh, the head of the department of education. And his first job is to say,
00:35:28.640
Hey, uh, last one out. Don't forget, turn off the lights.
00:35:32.420
I, I want action from these people. Bold action. Yeah. We were talking about this on tax day,
00:35:41.400
which is just, you know, an absolute cluster. And by the way, I'm still, I still haven't filed my
00:35:48.220
extension. I couldn't get it done. There's too many things. It took too long. Well, I mean, I'm
00:35:54.140
going to get, they're going to penalize me for it when there's nothing I can do about it. Now I've
00:35:57.400
already passed the date, but point being here is that, you know, if we were to take,
00:36:03.340
we're supposed to bring in revenue wise, $4.2 trillion this year, $4.2 trillion. This is not
00:36:09.120
a revenue problem that we have. It is a spending problem. It's the biggest revenue we've ever had.
00:36:14.560
We're supposed to spend something like 6.8 trillion when we're bringing in 4.2 trillion,
00:36:19.820
which I don't know if anyone notices the gap between those two numbers, but it's relatively large.
00:36:23.680
In fact, it's larger than every dime we bring in from the income tax. If we doubled what we brought
00:36:33.100
in on the income tax, we still wouldn't break even in this country. And the other way of looking at
00:36:38.380
this is we brought in $4.2 trillion, or we're supposed to this year. If you got rid of the
00:36:42.960
income tax completely, brought it to $0, all of us paid nothing. We would still be bringing in the
00:36:50.080
same amount of money as the beginning of the Barack Obama administration. Not going back to
00:36:56.420
Reagan or Carter or Nixon, Barack Obama, the guy who was just president like pretty recently.
00:37:04.460
If you got rid of the entire income tax, we just have to go back to the revenue point we were at
00:37:11.640
in 2000. I think it's 2010 or 11. The way this is growing, it's growing so far out of control so
00:37:19.680
quickly that we really could. Could we deal with the spending habits of the so, so virtuous when it
00:37:29.240
comes to a small government, Barack Obama? Do you think we could handle that? I feel like we could.
00:37:35.080
I don't know. I mean, we haven't fixed health care yet. Yeah. So we have to fix Obamacare to be able
00:37:42.500
to get that. And that's going to cost us. Well, I'll check with the CBO. I'm sure they have the
00:37:47.380
accurate number. Patriot Mobile, not too many companies out there that I buy from, which I can
00:37:55.560
honestly say I am really proud to do business with. I believe in all of the companies that are on this
00:38:03.900
program, I use their products, I like their products, or they don't come on the show.
00:38:09.640
Patriot Mobile is in a class all by itself because it is truly developing an alternative economy,
00:38:18.300
a parallel economy. You don't have to be with these big tech companies and these big cell service
00:38:25.040
companies. They are using your money to do evil. Verizon supports Planned Parenthood. Do you want
00:38:35.520
any of your money going to Planned Parenthood? Patriot Mobile has developed a separate system.
00:38:42.780
They're on the same tower, so you get the same coverage. Then they provide the same great service.
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They have better, I think, customer service and lower prices. You're going to save money.
00:38:54.940
And they're supporting you. We've got to support these companies that are actually,
00:39:01.680
they're putting skin in the game, and they are actually supporting us. It's PatriotMobile.com
00:39:07.600
slash Beck. Switch today. 972-PATRIOT. 972-PATRIOT. Or PatriotMobile.com slash Beck.
00:39:20.040
Well, Chris Brady, who works for the program, wrote to me today, what do hippies and Hitler and 420
00:39:44.800
have to do with each other? 420 is April 20th. That's Hitler's birthday. Hippies selected 420 as a
00:39:52.760
day of celebration. You know, maybe hippies are, maybe they're a little darker hearted. I mean,
00:40:01.340
hippies love the VW bug. Okay. Designed by the Fuhrer. Hippies love socialism. Won't shut up about it.
00:40:09.720
Guess who else was a socialist? Hitler. Vegetarianism. Hippies love it. Another area where
00:40:17.060
hippies followed Hitler's lead. Environmentalism. Hippies love hugging trees. Guess where that came
00:40:24.620
from? The Nazis' quest for wholeness. They were environmentalists. Big environmentalists. Nut jobs.
00:40:31.660
Organic farming. Stupid hippies love organic anything. Guess who started that scam? The Nazis.
00:40:38.440
The occult? The occult? Hippies love the occult. They can't get enough of it. Who shared the same
00:40:43.980
feeling? Hitler. Alternative medicine? Hippies hate modern medicine because big pharma is bad.
00:40:51.680
Well, guess who they got that from? Yeah. Hitler. Uh-huh. But he's like the modern hippies that have put
00:40:59.220
on a suit. He really pushed, uh, for, you know, uh, uh, alternative medicine, but he also at the same
00:41:07.320
time embraced big pharma. Uh, who's doing that now? Hippies. I'm just saying, I'm just saying hippies
00:41:18.980
and Hitler. Notice they both start with an H and have an I as the next letter. Wow. Yeah.
00:41:28.280
This is the Glenn Beck program. Home is where you live and it's a lot more than that as well. It's
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an investment tool, especially these days. Right now, home values are up almost 20% and that's a big
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It's like four and what? Four and three quarters percent right now. That cash, you can pay off
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Hey, hey! Hey! Hey! Hey! Hey! 미�nomere content!
00:43:03.400
We've got no room to compromise. We've got to stand together. It's gonna survive!
00:43:22.240
What you are about to hear is the fusion of entertainment and enlightenment.
00:43:35.500
Hey, do you remember when our benevolent leader, Joe Biden,
00:43:42.460
think back to a time before he was taking orders from the Easter Bunny?
00:43:48.400
Remember when he said he was going to tap our oil reserves, our strategic oil reserves,
00:43:53.360
so it would bring the price down at the pump for average Americans?
00:44:02.500
He also used those 180 billion barrels of oil or million barrels of oil
00:44:15.200
We're sending oil from our strategic oil reserve now over to help Europe.
00:44:32.240
Kay wrote in about her experience with Relief Factor.
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From the very first day I started taking Relief Factor, I could tell the difference.
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If you're living with pain, may I recommend you do what Kay did?
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And hundreds of thousands of people have ordered Relief Factor.
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The three-week quick start package developed for you.
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All right, before I get into the strategic oil reserve, let me just give you something
00:45:44.680
The EU is set to declare a full embargo on Russian oil after this week's French election.
00:45:53.160
Now, that election is happening, I believe, this weekend, is it not?
00:46:03.540
I mean, remember last time, do you happen to know those numbers the last time Macron
00:46:10.520
It was something like, I want to say it was 70-30, 80-20, something in that general vicinity.
00:46:14.500
Once they, because they have a big election, top two go to a runoff.
00:46:17.660
In that runoff, it adds up to 100% because there's only two candidates and everyone has
00:46:27.520
It was like, I can't believe she got into the runoff was the reaction to it.
00:46:37.980
And once again, the elites are deciding an election.
00:46:42.300
You know, in World War I, right before we went into World War I, Wilson said, as his campaign
00:46:50.940
Within just a few weeks after he was in office for his second term, after the election, we
00:47:06.460
And that's exactly what the European Union is doing with the French people.
00:47:11.000
They don't want to upset the election because it's so close.
00:47:14.600
And what they're about to do would push it in Le Pen's favor.
00:47:18.700
Remember, they are about to declare a total embargo on Russian oil.
00:47:24.580
They're supposedly, according to Reuters, going to do this next week.
00:47:28.620
This will cause a massive spike in the price of oil.
00:47:38.920
But first, let me ask you, is this really hurting Russia?
00:47:46.040
Because they found other buyers for all of their oil.
00:47:49.800
They have found buyers in China, in Turkey, and India.
00:47:57.660
And these people are saying that if this happens, they'll buy more.
00:48:07.240
So, they have remarkably, according to JP Morgan, the Russian crude exports are actually averaging
00:48:31.420
Now, they're saying that they're going to cut, Europe will cut all of that.
00:48:36.620
And when they do, according to JP Morgan Chase, the price of Brent crude oil, $185 a barrel.
00:48:46.300
That, because of inflation, is about where the price of oil was, about $145 for how long?
00:49:01.740
This is what caused the collapse of our economy.
00:49:07.160
The entire Western world is built on the back of energy prices being no more than $100 a barrel.
00:49:20.080
Every time it's over $100 a barrel, it hurts the economy.
00:49:26.280
If you can get it down to, what did Trump have it down to, like $60 a barrel?
00:49:29.980
Well, when you get it down there, you're starting to hurt Russia.
00:49:35.680
But high prices help Russia, Saudi Arabia, and hurt us, the entire West.
00:49:43.460
At $185 a barrel, I don't even know what gas prices would be, but we're probably all paying
00:50:04.720
India and China and Turkey have already said they would take this oil.
00:50:12.600
Europe is not thinking about just pulling all of the oil and stopping at cold Turkey.
00:50:20.420
They are thinking about maybe doing it more slowly over a period of months.
00:50:28.220
Well, that gives Russia time to make all the deals.
00:50:42.380
By the way, the Russian break-even for oil is less than $10 a barrel.
00:50:57.420
We'll only pay $20, but you're still giving them $10 on every barrel.
00:51:14.920
You remember Biden had the emergency strategic oil reserve, petroleum reserve.
00:51:20.800
And he said he was going to release 180 million barrels of oil.
00:51:25.220
180 million barrels of oil from the strategic petroleum reserve.
00:51:36.980
And it would end, shockingly, just right after the midterm elections.
00:51:46.940
I'm going to do this because I want to help the average person at the gas pump.
00:51:52.120
Well, somehow or another, the definition of an emergency in helping you now includes
00:51:58.560
making a profit at the expense of Americans' consumers
00:52:02.960
because sooner or later, a real emergency will hit and we will need the fuel.
00:52:11.020
According to Matt Smith, oil analyst and commodity data firm Kepler,
00:52:16.400
we are now exporting our strategic oil reserve crude and we've been doing it since last November.
00:52:26.740
So, when Biden said we're going to release some and it's going to help the average person,
00:52:34.880
Unless you consider the citizens of Europe the citizens of the United States.
00:52:52.380
I mean, unless he's buying the support from Europe.
00:53:08.300
Today, it's a hundred and, what is it, a hundred and four?
00:53:21.900
An asterisk, of course, here in that that is, we are in the worst part of the pandemic at this point,
00:53:27.320
which is a massive, you know, it was at, that is the lowest it went.
00:53:37.360
And, you know, once we rebounded off that, the real catastrophic drop of the pandemic,
00:53:50.020
Yeah, $40 to $60 is where it was throughout 2019, most of 2017.
00:53:55.160
It's a little higher at times in 2018, but had leveled off between $50 and $60 before the pandemic hit.
00:54:08.980
So, Stu, can you tell me what exactly do you think is happening with the Strategic Oil Reserve being released,
00:54:25.800
That is to run our ships, our Navy, our Air Force.
00:54:33.500
And then we seem to be going closer and closer.
00:54:36.340
Remember, Joe Biden said, I don't want to do anything that's going to, you know,
00:54:40.660
look like we're supporting Ukraine in any military fashion.
00:54:46.460
We're not going to replace those planes for Poland if they do that.
00:54:50.960
We're not going to be involved in that at all, okay?
00:55:01.640
Yesterday, NBC News cited five U.S. officials that said a new package, a new arms package,
00:55:12.060
which will bring our military aid to $3 billion, is going to be announced.
00:55:21.340
We are now selling them howitzers, anti-aircraft systems, anti-ship missiles, armed drones,
00:55:29.500
armored trucks, personnel carriers, and even tanks.
00:55:33.980
Now, that sounds to me as bad, if not worse, than some old planes from the 1960s that we weren't even going to do.
00:55:54.840
By the way, Russia sent a warning to us that if we start delivering these, quote,
00:56:01.960
most sensitive weapon systems to Ukraine, it will bring unpredictable consequences.
00:56:12.480
I do not think it means what you think it means.
00:56:15.620
Are we shooting ourselves in the foot by giving away our oil reserves, even selling our oil reserves,
00:56:27.840
just touching our oil reserves at this point, while we're antagonizing the bigger bully
00:56:42.960
Now, if you're going, you know, the back sort of, the back story as far as the reporting goes
00:56:51.760
seems to indicate basically we're trying to say to Europe, we need to get, you guys need to stop buying
00:57:00.260
And we are, they say, well, what are we going to use?
00:57:07.120
Well, we'll send you some from our strategic oil reserves to help, you know, lower the burden
00:57:19.320
Yeah, it's going to take us six months, but we're already six months into this.
00:57:25.780
We're going to start pumping it like we were, and we'll sell it to you for $60 a barrel.
00:57:30.300
And we're going to leave our strategic oil reserve alone.
00:57:37.700
You know, it's fascinating to watch this because you mentioned before, you're like, wasn't he
00:57:42.280
And he was really clear when he said, you know, that we were not going to do anything that
00:57:49.660
But to say that he was clear really about any of this overall is really difficult to say.
00:57:57.600
Remember, this guy ran a platform saying we're going to get rid of fossil fuels.
00:58:06.480
We're all of these things that he said to environmentalists to get their vote.
00:58:10.460
Then he gets in front of the public and people say, hey, you keep saying you're going to get
00:58:27.920
Now there is a court ruling that said they have to open up new leases, not their action.
00:58:32.240
The court said you have to open up these new leases.
00:58:38.400
And he's saying, again, we're not doing anything.
00:58:43.020
So like they've gone back and forth on this so many times because they're telling the left
00:58:48.340
that they're absolutely attacking fossil fuels.
00:58:51.740
And then telling the American people we're not doing anything on that front at all.
00:58:55.960
All these oil companies are just, oh, so greedy.
00:59:01.220
Just do me a favor and prepare for a bad scenario.
00:59:07.140
But so far, it looks like that's what they're going to announce next week.
00:59:21.060
So high inflation is challenging the economy like nobody's business.
00:59:27.800
Americans, most Americans are worried about just putting food on the table.
00:59:38.860
But I don't see it coming to any kind of a halt until there's a change in Washington.
00:59:53.000
Take a long, hard look at your finances right now.
00:59:56.780
Better yet, let American Financing take a look at them for you.
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01:00:37.720
I told you last hour that we're doing a big special tonight on Blaze TV on what is being
01:00:52.460
CRT and the new comprehensive sexuality education are small pieces of a much larger pie.
01:00:59.720
This program goes on all the way to the top, and it is spreading all over our country,
01:01:08.860
I want to play a piece of a video being shown to our kids right now.
01:01:31.740
And anyway, many people are curious about this sex stuff.
01:01:44.200
Do you know what porn does to a nine-year-old's brain?
01:01:52.940
They're partnered with another organization called Advocates for Youth.
01:01:59.760
We go in deep tonight to show you what this is all about.
01:02:04.780
I want to show you a little teaser on what they're really after with grooming and brainwashing
01:02:11.480
Here's a little flyer between Advocates for Youth and Planned Parenthood.
01:02:18.440
Advocates for Youth, Feminist Majority Foundation, and Planned Parenthood announce youth show-out
01:02:31.300
Our children are being brainwashed by radical leftists.
01:02:39.540
These will all be in their own words, and I will show you how our government is helping
01:02:52.760
If you're a parent, you cannot afford to miss the show.
01:03:01.480
Exposing the secret plan to brainwash your kids.
01:03:13.240
I'm telling you, Donald Trump, if you're going to run, or whoever is going to run, you stop
01:03:20.560
ESG, and you abolish the Department of Education, and you've made a big dent in the problem.
01:03:42.060
Return the control to our local communities, because none of us would be funding any of this.
01:04:02.240
The word expert now really kind of takes on a bad meaning.
01:04:24.020
But when it comes to buying or selling your home, it really does mean something.
01:04:31.080
When you are looking at your biggest investment of your life, buying or selling, you really
01:04:37.520
need the best advice and the best people on your team.
01:04:43.780
This is, I think, the way it's supposed to work.
01:04:49.660
Realestateagentsitrust.com is a free service to you.
01:04:53.320
We have vetted all of these real estate agents all over the country.
01:04:56.940
I mean, it's really, it's a two-hour interview process.
01:05:03.460
They're just in our network, so we can, as a free service to you, refer them.
01:05:11.280
We look for the best business practices so you know, okay, this person I can trust to
01:05:17.460
help make the right deal for me on buying or selling.
01:05:32.680
The promo code is Glenn to save 10 bucks off your subscription to Blaze TV.
01:06:07.640
Um, but I digress there, there is, um, there isn't, there's not the censorship on TikTok that
01:06:17.240
there is elsewhere and somebody has really done a great job at exposing the craziness.
01:06:30.520
I can't say that, you know, what was fringe we're now living.
01:06:34.340
So I don't know what fringe is in the, in the, on the left anymore.
01:06:42.520
Um, but the creator has now come under attack and I want to play just a little bit of something
01:06:49.680
she said, uh, yesterday as she is being doxxed and exposed and her address is given out online.
01:07:02.820
Well, it's the past two days have been very chaotic and overwhelming.
01:07:07.900
Um, I have to make some travel plans, you know, really fast, but I was not planning on earlier.
01:07:14.340
So there was a little bit of coordination that had to happen.
01:07:18.020
Um, and I'm now in a location where I don't think anyone would find me.
01:07:23.180
Um, not in any of the locations that Taylor Varen leaked or that anyone can find.
01:07:29.180
Um, but I, it's, it's been a little bit tough, but I'm not going to let this get me down.
01:07:36.020
So her friends and people who know her say she's not going to stop.
01:07:44.460
It will scare her, um, cause they're coming after her and these people will be violent.
01:07:50.480
You know, they always say the right is so violent.
01:07:56.820
The left, I could show you boatloads of evidence that you're violent.
01:08:03.280
So all she's doing on this tick tock, it's the libs of tick tock.
01:08:08.740
All she does is take things that are on tick tock.
01:08:13.280
She doesn't edit them out of context or anything else.
01:08:16.520
She just takes the post and she reposts it in one place.
01:08:21.840
And now conservatives go to libs of tick tock and they see what they're saying.
01:08:31.020
This is a tool I use to teach students about gender and sexuality.
01:08:36.840
When you come out of the womb, it should be based on chromosomes, hormones, and genitals.
01:08:41.020
But most of the time doctors just look at genitals.
01:08:43.320
Next up, we have gender identity, which is totally different from sex assigned at birth.
01:08:47.160
This is what you feel you are inside and no one can see this from the outside.
01:08:51.820
There are three different sliders that you can move up and down to describe your gender identity.
01:08:56.120
Then we have gender expression, which is how you show your gender to the world.
01:09:00.040
It's usually based in a sort of binary system, which isn't perfect.
01:09:02.820
Again, you can slide these up and down to show the different gendered ways you express yourself.
01:09:09.340
We have physical attraction and emotional attraction.
01:09:14.200
Again, there are sliders that a person can use to best describe their sexuality.
01:09:18.700
So this is done with a big cartoon unicorn and this is for our kids.
01:09:23.440
That's a teacher explaining, showing the curriculum what's happening.
01:09:27.880
Instead of teaching addition, we are teaching, you know, attraction.
01:09:42.840
This is a from a teacher in a charter school in Boston.
01:09:54.060
And something something cool about me, Miss Hammond.
01:09:58.140
So something that's really cool and unique about who I am is that I am transgender.
01:10:02.580
So we touched a little bit about that at the beginning of this week in the book that Miss
01:10:08.800
But I'm going to give you my explanation about what it means to be transgender as well.
01:10:13.780
So when babies are born, the doctor looks at them and they make a guess about whether
01:10:18.000
the baby is a boy or a girl based on what they look like.
01:10:21.820
And most of the time, that guess is 100% correct.
01:10:31.860
When the doctor makes a correct guess, that's when a person is called cisgender.
01:10:36.320
When a doctor's guess is wrong, that's when they are transgender.
01:10:42.000
But when I was a baby, the doctors told my parents I was a girl.
01:10:46.280
And so my parents gave me a name that girls typically have and bought me clothes that girls
01:10:52.740
And until I was 18 years old, everyone thought I was a girl.
01:10:57.480
And this was super, super uncomfortable for me because I knew that wasn't right.
01:11:08.320
No, I kind of thought they had some information based on science that they were making.
01:11:19.920
So the reason why we're bringing this up is this is all this woman does.
01:11:25.380
She's just playing that on one channel of her channel, libs of TikTok.
01:11:31.480
These are those are two of the more serious examples.
01:11:35.280
I mean, it's just, you know, laughing at the oddities in our world.
01:11:51.280
But she's not going into someone who has their account set as private.
01:11:59.540
She's just going through and and and being a human algorithm.
01:12:07.200
Look at what look at what liberals are really saying to each other in this world.
01:12:12.820
And they admit quite a bit when they're bragging to their friends.
01:12:16.320
About how much typically they are owning conservatives.
01:12:28.820
The Washington Post through Taylor Lorenz has doxed the woman that has the libs of of tick tock.
01:12:42.520
She's only all she's doing is being a human aggregator.
01:12:48.900
But apparently Taylor Lorenz, who I think is psychotic.
01:12:54.780
She is had a psychotic break because she has been crying on NBC, complaining about threats and online bullying that she claims has targeted her.
01:13:08.220
Um, and she said it is so destructive and has destroyed my life and made me feel unsafe if there's just one piece of information that comes out about me.
01:13:20.580
Well, she then goes to the Washington Post and exposes the woman behind libs of tick tock address and everything.
01:13:35.220
They posted a real estate license with the woman's address on it.
01:13:43.560
And the only reason why this is happening is because libs of tick tock is successful.
01:13:56.740
And that cannot be tolerated in an authoritarian state.
01:14:24.180
If you're going to make our movement look bad, then you're going to pay personally in fear, in harm to your career, in intimidation, in whatever form it is.
01:14:42.260
You will have to pay a price for being successful against liberals, against progressives, against the far left, against the Great Reset.
01:15:05.720
They're just memory-holing the entire experience when everyone saw the link to the real estate license with the address on the page.
01:15:15.800
That's their plan right now, the Washington Post.
01:15:20.920
This is not 1997, where Taylor Lorenz was crying about a piece of information out about her, who is a public figure, a reporter, and everyone knows her name.
01:15:33.980
Now, she's actually trying to justify outing someone who isn't a public figure, who doesn't have their name public.
01:15:45.460
She was just crying and sobbing about it on MSNBC a couple of weeks ago.
01:15:49.180
And to have this disconnect shows real struggles dealing with reality.
01:16:06.620
She's now demonstrated that she is not living in reality, and she is a danger to others.
01:16:14.840
That's a reason that, you know, they keep you at the hospital.
01:16:29.360
And she understands the consequences of all this.
01:16:33.600
Then she goes to work with Jeff Bezos, and she does exactly what she said caused her breakdown.
01:16:46.220
I mean, I don't want to get into the world of diagnosing people and committing people to insane asylums, but she is a danger to others, and she is not making any sense.
01:17:04.740
She is doing what she just said should never be done.
01:17:09.620
And it's a much worse version than what happened to her.
01:17:12.580
I mean, the fact that she's taking someone whose identity is not known and making it known is a really big line, and taking someone who is not a public figure and making them into a public figure is a big difference.
01:17:23.660
Taylor Lorenz, look, of course she's dealt with criticism online.
01:17:27.960
She's an online reporter for all of the major papers in our country, basically.
01:17:33.560
She was at the top two, New York Times and Washington Post, right?
01:17:36.600
She's been in the center of this debate for a while.
01:17:40.560
And, of course, yes, she has received criticism, much of it fair, some of it unfair.
01:17:47.680
I know that we receive terrible, abusive things said to us all the time.
01:17:52.720
It's part of being a public figure in the United States.
01:17:59.060
However, what she's talking about here is now she's trying to say, well, this is just what reporters do.
01:18:04.100
So, of course, people who are antagonistic towards her and who are a little more aggressive are going to go to all of her friends and all of her family and do these things, show up at their door.
01:18:16.620
She's already complaining about some of it happening already.
01:18:18.720
Well, you're the one normalizing this behavior.
01:18:24.220
And, you know, she tweeted yesterday, she said, rather than debate doxing, I hope people can read the story and see the striking escalation of attacks against gay and trans people and the crucial role this account has played in the right wing media ecosystem.
01:18:40.300
That would have been the debate if you didn't name the person to give out their address.
01:18:45.700
People would have been saying, well, is this account highlighting people who are going through difficult times and maybe shouldn't be highlighted?
01:18:54.460
And you know what's so crazy is I'm not debating that that guy felt, you know, he was a girl and felt like he's now a he or whatever.
01:19:07.260
What I'm debating on that TikTok video, the last one we played, is you're saying that doctors are guessing.
01:19:29.540
I mean, I don't really care when I'm on TikTok.
01:19:37.360
And it's such a strange thing where they separate this when it comes to gender and sex.
01:19:42.040
You know, this is they've been this has been their defense.
01:19:44.700
When you say, wait a minute, we know what sex is.
01:19:46.640
Everyone knows like, whoa, this is a different thing.
01:19:53.520
But your feelings about what you have inside are completely unimportant to me.
01:20:05.780
You can be you can cry at Hallmark movies or not.
01:20:14.000
They might even be important to the first graders families who you are teaching, but they are unimportant to society in general.
01:20:22.780
You can feel like a boy or a girl however you want, whenever you want.
01:20:37.340
But what is actually important to society and to doctors who need to know whether you might be pregnant or not is what you are.
01:20:49.400
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Sign up for the free newsletter today at GlennBeck.com.
01:22:23.680
Johnny Depp is on the witness stand now against, what's her name, Amber Heard?
01:22:30.940
Um, I don't know anything about it other than, you know, what I've read and just watching Johnny Depp.
01:22:41.440
You know, just, just saying, maybe it's the pirate in you, but you don't make a credible witness.
01:22:51.460
Getting to the gym, you know, the doctor said, you know, Glenn, you got to go to the gym.
01:22:55.440
And, and then I did, and now he's yelling at me because I went to the gym and I, I ate some Bilt Bars there at the gym.
01:23:08.160
Don't, you can't just keep changing on me all the time.
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01:24:34.700
What you are about to hear is the fusion of entertainment and enlightenment.
01:24:58.840
He's the chairman and editor-in-chief of Forbes Media.
01:25:07.180
He is the author and co-author of a ton of books, including Money, How Capitalism Will Save Us, Flat Tax Revolution.
01:25:15.400
He also campaigned for becoming the president of the United States, the Republican nomination in, I think, 96 and 2000.
01:25:24.740
He has now released a new book, Inflation, what it is, why it's bad, and how to fix it.
01:25:33.560
I am really interested in hearing what he says may be coming our way.
01:25:39.940
The topic, Inflation, with my friend Steve Forbes in 60 seconds.
01:25:44.860
Sad to say, but you just can't trust anyone these days.
01:25:53.720
Nowhere is that clearer than when you're trying to navigate something like a home loan.
01:26:00.140
The banks, they are in it for the money, as much money as they can get.
01:26:05.680
And they'll run over you with a bulldozer to get it.
01:26:08.300
So if you're looking to buy a home, refinance, or consolidate debt, I would like you to try American Financing.
01:26:17.160
You can find them at AmericanFinancing.net or you can call them at 800-906-2440.
01:26:26.300
I've been with American Financing for about 20 years.
01:26:33.840
A ton of people that work here at the Mercury Studios have used them in the blaze.
01:26:43.140
They listen to you and then try to do the right thing.
01:27:05.680
So, I'm really interested in hearing your take on what we are headed for with inflation.
01:27:20.660
Because some people, you know, you're so used to hearing, we're going to have 2% inflation.
01:27:30.060
Just as you don't say, we're going to reduce the size of a gallon of gasoline 2%, and that's good for you.
01:27:38.620
So, inflation, this is why we did this reader-friendly book, no jargon, straightforward.
01:27:45.880
One, the non-money kind, non-monetary kind, is when, say, you have bad weather, so commodity prices go up, wheat prices go up, or you get the kind of shutdowns we had with the pandemic, which disrupts supply chains all over the world.
01:28:04.520
And then you have the money kind, where the government reduces the value, in this case, of the dollar, by creating too many of them.
01:28:13.580
And we know the government has been spending on a spree.
01:28:18.500
A large part of it is the Federal Reserve buys those bonds.
01:28:26.300
Now, unfortunately, Glenn, on the non-monetary inflation, normally, if you just leave the economy alone, those things will heal themselves.
01:28:35.940
We did it after World War II, and we converted from a wartime economy to a peacetime economy.
01:28:42.680
But, unfortunately, the Biden administration is putting obstacles in the way, starting with the war on fossil fuels and a lot of other crazy things they've done.
01:28:51.480
77 executive orders, $200 billion of new regulations.
01:28:55.140
So, they're making the problem worse instead of letting the economy heal.
01:28:59.680
And the Federal Reserve, they've been printing a lot of money.
01:29:02.900
They've been using gimmicks to try to keep that money from flooding the economy, but that's going to run out.
01:29:08.280
So, if they don't get their act together, we're in for a rough time.
01:29:14.760
Unfortunately, and this is where we have a real danger now, the Fed believes the way you cure inflation is not by stopping the printing press
01:29:22.820
and making the dollar whole again, making it stable again.
01:29:26.620
They believe you do it by slowing the economy down, throwing people out of work.
01:29:34.260
So, Steve, first of all, the idea of inflation, we say it's now at 8.5, that's just because we measure it differently.
01:29:44.980
If you look at shadow stats that measure it the way we did under Reagan, it's at 17.1.
01:29:55.220
Well, this gets to the whole thing of how do you measure prices?
01:30:01.300
The whole Labor Department has a whole bureau devoted to it.
01:30:07.240
And one of the crazy things is when people's buying patterns change, let's say meat prices go up, which they have.
01:30:13.720
So, instead of having a steak, you might go for some cheap hamburger.
01:30:24.800
So, yes, you can manipulate these things six ways to Sunday.
01:30:33.260
Part of it is the pandemic and the Biden administration making things worse.
01:30:37.580
We can cure that, hopefully, with a new Congress.
01:30:40.520
But the Federal Reserve, they've got to get over this notion that when we do work, when we are trying to be prosperous, they've got to slow us down.
01:30:49.540
I don't know that anybody really understands the Fed balance sheet and what they've done.
01:30:56.160
And the money that they have loaned out, trillions of dollars that they have bailed banks out all around the world.
01:31:04.020
If you can't, you know, they're trying to sell off the stuff they have on their balance sheet.
01:31:09.980
But every time they try that and raise interest rates, the economy stops.
01:31:15.000
And so, not sure they're going to be able to do either of those.
01:31:20.500
How do you pull this money back in to be destroyed?
01:31:24.020
Well, what you do, first of all, which they won't do this part, is you leave interest rates alone.
01:31:35.520
Controlling interest rates is like rent control, which, as we know, hurts new construction.
01:31:41.220
This is trying to control the price of money and affect the price you pay for renting the money, so to speak.
01:31:47.460
So, they should just leave that alone and let the market do it.
01:31:52.100
On your point about the balance sheet, when you say balance sheet, people's eyes start to glaze.
01:31:58.500
This thing of Fed is sitting on a pile of bonds, and too many of them.
01:32:03.260
And so, what they should be doing is letting those bonds mature, not buying new bonds.
01:32:12.260
And if they do that in a responsible way, we'll avoid a huge slowdown.
01:32:16.580
But let me give you something, a gimmick that they've been employing in the past year.
01:32:22.100
When they create or are creating $120 billion a month, pulling money out of thin air.
01:32:28.040
Let me just, let's walk your listeners through on this.
01:32:33.600
They call up a dealer, a bond dealer like Goldman Sachs, and say, we want to buy a billion dollars of bonds.
01:32:53.860
And that's how they create the money out of thin air.
01:32:56.400
So, they're doing that last year at a rate of $120 billion a month to help finance the government's debt.
01:33:03.760
And so, what they did to try to keep from an even worse inflation than we've been experiencing is they then create the money and then borrow it back from the banks and money market funds overnight.
01:33:15.420
If you want to get technical, if people want to look at this stuff, they go to the Fed bounce sheet, they'll find a thing called reverse repurchase agreements.
01:33:24.480
In effect, the Fed is pouring money, pouring a bucket of water in one end of a pool, and then taking it out at the other end of the pool.
01:33:34.320
And, you know, a year ago, a little over a year ago, they had zero of these reverse repos.
01:33:48.240
So, we are now also, by turning the, taking the money and saying, oh, no, your central bank, your dollars are no good to Russia.
01:34:01.520
A lot of countries around the world are going, geez, if I get on the wrong side of America, all of a sudden, what I have as gold is no good?
01:34:11.440
We are destroying the dollar at the same time we're inflating the dollar.
01:34:20.700
Well, ultimately, and this will sound very strange, and you shouldn't say it in polite company.
01:34:25.780
Ultimately, in a few years, we're going to do again what we did for the first 180 years of this country's existence, and that is tie the dollar to gold.
01:34:36.360
What it means is gold, for a variety of reasons, keeps its intrinsic value, and all it means is it's like a measuring rod.
01:34:44.420
Not perfect, but it keeps the dollar stable in value.
01:34:47.980
If we had maintained the growth rates we did for that 180 years, which was the greatest in human history, and then we went off the gold standard in the early 70s, and since then, the average growth rate of the United States economy has gone down by at least one-third, from about four and a quarter percent to two and three quarters.
01:35:09.320
That doesn't sound like much, but you do that over 50 years, let me just give you a number.
01:35:15.260
The median household income today is about $68,000.
01:35:20.920
If we'd maintained our historic rates of growth, which we did for 180 years through depressions, wars, civil war, you name it, if we'd maintain that average rate of growth,
01:35:31.520
You know what the median income would be? $110,000.
01:35:38.740
That's what we've lost for a half century of funny money.
01:35:45.060
Can you explain, you just said that the Fed is going to destroy jobs, or they're, you know...
01:35:54.060
They have this thing, they have this theory called the Phillips Curve.
01:35:59.060
It's not a baseball pitch, it's named after an economist, who said that if you want low unemployment, you have to have high inflation, higher inflation.
01:36:08.900
If you want lower inflation, you have to have higher unemployment.
01:36:16.600
They don't realize devaluing the dollar causes inflation, but they can't grasp that.
01:36:21.940
So as a result, when you hear this talk about soft landing, what they mean is, can we slow the economy down enough without going into a full-fledged recession?
01:36:33.340
Usually their attempts at soft landings is a crash landing.
01:36:38.160
They are trying to slow the economy down, create unemployment, because they think the economy is too prosperous.
01:36:47.800
So they won't say that explicitly, but you press them on it.
01:36:52.520
Yes, they want a slowdown, and they just hope they can avoid a recession.
01:36:57.960
It's bogus thinking, experience disproves it, but at the Fed, the Phillips Curve is wholly writ.
01:37:04.400
Steve, when you look at, by the way, we're talking to Steve Forbes.
01:37:10.100
He's got a new book out called Inflation, What It Is, Why It's Bad, and How to Fix It.
01:37:15.720
Steve, when you look at the money printing that we have done, you immediately think of Weimar Republic.
01:37:25.340
I mean, idiots know that, hey, you can't keep doing this for very long, and at huge sums of money, okay?
01:37:36.300
Weimar Republic, Zimbabwe, et cetera, et cetera.
01:37:41.880
So do we know or have a guess on how close we are to that?
01:37:50.420
I mean, is there a possibility we go into hyperinflation?
01:37:55.340
Well, you can't rule anything out with these people, but I think the answer is no.
01:38:00.820
I think even some people at the Fed are realizing they're in the danger zone, and so they're trying to figure out.
01:38:08.720
They got themselves into this mess, and they were doing this, by the way, undermining the value of the dollar before the COVID crisis.
01:38:15.960
This was starting in 2018, so they can't say, oh, we did it because of COVID.
01:38:21.500
So I think they're trying to figure out now, how do we get ourselves out of this without getting a disaster?
01:38:29.020
So I think they're going to slow down the money creation, but what they should be doing now is, instead of trying to manipulate interest rates, just let their balance, just let the bonds mature and their size that they hold of those bonds go down.
01:38:49.240
But the other side of the coin is, even if the Fed starts to behave itself, then you have a government that is doing everything it can to slow the productive part of the economy.
01:39:10.480
You know, the genius of Ronald Reagan was, when he cured the inflation, at the same time, he had cut taxes, deregulation, and that's why we roared in the 80s after those tax cuts went into effect.
01:39:24.020
So we're going to have to wait for 2024 to get that done.
01:39:26.580
But in 2022, hopefully with the November elections, at least we can put barriers in the way of the Biden administration from putting new burdens on the economy and also start questioning the Fed.
01:39:52.780
Sometimes we send people out to do our bidding.
01:39:58.040
Sometimes we send them out to protect us in our own communities.
01:40:05.040
We send soldiers out and they don't come back or they come back forever different as a person.
01:40:11.200
This is where Tunnel to Towers Foundation comes in.
01:40:14.200
Tunnel to Towers was started right after 9-11 and they have been supporting America's heroes and their families.
01:40:21.600
The first responders or military service member when they don't come home and children are left behind, they pay off their mortgage to lift the financial burden.
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01:40:42.540
And now, through Operation Home Base, Tunnel to Towers is gifting tiny homes to homeless veterans.
01:41:03.640
And let's start to, let's, can we just take care of our own and stop looking to the government to do these things?
01:41:26.000
Steve, I know this is off the inflation path a bit.
01:41:29.320
We're talking to Steve Forbes, the book, Inflation, What It Is, Why It's Bad and How to Fix It.
01:41:34.140
But I'm really concerned about these ESG programs, you know, going and switching our economy to a stakeholder capitalism, which is just bull crap, in my opinion.
01:41:47.400
And the way we are letting BlackRock and others come in and just buy us all up.
01:41:57.460
They're buying one in every seven homes for sale going to BlackRock.
01:42:02.920
Well, this and the nice, the good thing about a free economy, free country and free speech is when these things start to happen, you can arouse the public.
01:42:16.440
They won't say it publicly, but Coca-Cola and Delta really reverse course after they did what they did last year when they booted the all-star game out of Atlanta because they didn't understand what Georgia did with the voting laws, which are more liberal than they were in New York City.
01:42:36.320
Hello. And they got burned on that. They got real pushback on that. Disney's getting pushback on it.
01:42:44.280
So the way the way you answer this stuff is you push back.
01:42:47.660
And one of the things I think you're going to see happen after the November elections is looking at ideas on how, if you're a shareholder in a fund or a group, an ETF or something, how can you have a voice on how your share of the shares, so to speak, are voted at these annual meetings?
01:43:09.020
It's complicated, but I think you're going to see real, real thinking on that.
01:43:13.840
So it's not just a group of people. You know, decades ago, there was a great business guru called Peter Drucker, and some schools still read his books, business schools, but he warned of what he called pension fund socialism.
01:43:30.540
He noted the rise of pension funds owned by the state and by endowment funds, and he said they could end up buying the economy.
01:43:39.640
Government doesn't have to do it. They're doing it for them. So I think you're seeing real pushback on that.
01:43:45.580
But this gets to what you might call modern socialism.
01:43:48.380
The modern socialists recognize you don't have to take over a company or an industry.
01:43:53.720
You just have to regulate it so its survival depends on your whims.
01:43:57.800
And that's what the Biden administration is doing, practicing modern socialism and pressuring the BlackRock and others or having BlackRock and others go along with pushing that kind of agenda.
01:44:10.420
That has to be resisted. But modern socialism, different from Marx had in mind, you get the regulators to do it.
01:44:19.280
Would you would you say that we are now doing modern monetary theory in Washington?
01:44:27.820
Modern monetary theory is simply modern garb on the old idea of devaluing money by creating too much of it.
01:44:35.560
You know, in Roman times, they did it by reducing the precious metals in a coin and putting a tin and junk in it.
01:44:43.140
Modern times, we do it by printing up a lot of paper money.
01:44:51.320
And what you see unfolding now, we discussed this in the book, Inflation, is the old response of government.
01:44:58.380
You know, in Roman times, they blamed Christians.
01:45:16.340
Inflation, what it is, why it's bad, and how to fix it.
01:45:34.920
You know, no matter how generous you are, somebody out there always wants more than you were planning to give.
01:45:40.720
In other words, you might be the type of somebody that gives someone the shirt off your back.
01:45:47.400
But then they want your shoes and your pants as well.
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01:47:16.860
I don't, I mean, what am I going to talk to him about, you know, monetary theory?
01:47:24.520
Well, we got there and seating had already been arranged and I'm sitting next to her, his wife, and she's sitting next to him.
01:47:43.120
And, you know, when you think of a multimillionaire or billionaire, highly successful, you know, today you think of, you know, some blonde 40 years younger.
01:48:00.960
Uh, but somehow or another, I, I said, you know, something like, you know, because we became fast friends quickly.
01:48:07.480
And I said, uh, I just love the fact that you are, uh, not ashamed of your years, something like that.
01:48:17.600
And she said, oh, the white hair and the wrinkles, like, well, yeah, she said, yeah, you know, we used to, we used to be able to handle that.
01:48:39.180
Tanya also, I think Steve is somewhat of a normal human computer.
01:48:43.440
Um, but, uh, he's, uh, she didn't, she, she didn't have that same kind of warm buddy, buddy conversation at dinner.
01:48:53.500
So she didn't want to talk, uh, you know, she macroeconomics at the table.
01:48:57.480
No, no, you know, Steve Forbes is an interesting part of history in that, you know, the country really could have taken a, a, a, a change for, I would argue the better.
01:49:08.540
If he had won that nomination in 1996, in particular, he ran in that primary, won a few primaries, was very competitive.
01:49:18.180
I think he wound up finishing third technically, but like was right there in that conversation.
01:49:22.960
And, you know, if he had won that primary, he's in the race against Bill Clinton.
01:49:29.180
Uh, he, I mean, does Ross Perot jump in a second time in 1996 if there's another sort of businessman on the, on the ballot already?
01:49:55.100
Yeah, he ran in 96 and that is, I mean, I, you know, to this day believe that was the difference.
01:50:00.500
I mean, there's some disagreement on that, but generally speaking, I think people, uh, realize that, you know, with Ross Perot not running, probably, uh.
01:50:09.660
I mean, look at how crazy this is that we, we were there.
01:50:19.120
92, I think it's pretty widely accepted as the possibility.
01:50:22.940
96, I mean, you know, look, Bob Dole was not a strong candidate in 96.
01:50:27.160
Now, you know, Clinton running for re-election, maybe he would have pulled it off, but Forbes is the candidate with no Perot in that race.
01:50:34.060
Maybe he wins that and then we're talking, I mean, he ran on as a flat tax.
01:50:39.640
I mean, it would have revolutionized the country and I think the economy in such a positive way.
01:50:48.000
I mean, if the Republicans would have been strong, uh, we probably could have gotten a flat tax through.
01:50:54.260
This is, this is when Bill Clinton is in front of the country saying the era of big government is over.
01:50:59.920
You know, that's where the country's, you know.
01:51:02.520
So I don't think that that is true, uh, back then.
01:51:06.000
We all felt it, but I don't think he believed it, but he, I think he felt the need to say it, which is notable enough.
01:51:10.820
Um, I think the era of big government might actually be over if we survive this.
01:51:17.660
I think massive changes are coming, massive changes.
01:51:21.800
I mean, doing the show tonight on, um, what's being taught in our schools.
01:51:26.440
I mean, this, the, uh, holy cow, you are not going to, you just won't believe your eyes when you see what is being taught in first and second grade, third grade, fifth grade,
01:51:49.180
Because I could go to jail for peddling child porn by showing it to you online.
01:51:56.880
And what the teachers are showing this to our kids.
01:52:02.220
Uh, and the way to fix this honestly is to, uh, say enough with the unions, the teachers unions are the worst, the worst, um, and getting it out of Washington, D.C.
01:52:15.940
I mean, it's close the department of education, just shut it down.
01:52:21.700
You know, I, I was, uh, talking to some people last night and, uh, I said, you know, what I would really like to see from a president and president Trump could do this is, um, on the campaign trail.
01:52:35.300
He could get up and say, you know, I know a little about real estate.
01:52:43.760
I've, I've made a lot of money on, you know, he could do that.
01:52:47.380
Um, and then just say, so I have the credibility on real estate and I want to talk just to the people that live in Northern Virginia and Southern Maryland, right there around the beltway of Washington, D.C.
01:53:04.740
I'm really tired of seeing construction cranes building these giant buildings in Washington, D.C.
01:53:11.400
and your property values have gone through the roof.
01:53:16.220
The only employer here, real employer is the United States government or the companies that are trying to get deals from the United States government.
01:53:28.460
I just want you to know when I become president, I am going to do everything I can to collapse the real estate economy in this town.
01:53:39.940
So I would advise that you, if you think I'm going to win, put your house on the market right now, because you'll never get a better price for it than right now, because I'm going to fire thousands of people.
01:53:57.860
So this is going to, this is going to make, this is going to make Allentown circa 1983, it's going to make Allentown look like Disney world.
01:54:10.480
I would love for him to say that and mean it because I think America is ready for big change.
01:54:21.000
It's hard to argue for a continuing of what we're doing now.
01:54:31.840
It seems to be getting uglier and uglier as we go.
01:54:34.580
And going back to, you know, business as usual, this has been the problem with the Republicans.
01:54:45.460
It's not enough to say, we just got to return to the, to the constitution.
01:54:55.460
So put that in an actual plan and show me what you're going to do on a big scale.
01:55:04.120
I think the best clear example of this right now is what's going on with education.
01:55:08.100
I know you're going to be talking about all the stuff tonight with the craziness going on in these schools.
01:55:16.380
And yes, we should try to correct those problems.
01:55:19.120
And yes, we should try to get those schools open because they were ridiculous with those.
01:55:23.140
And yes, we should make sure kids shouldn't have to wear masks in school.
01:55:26.060
All of these arguments are correct arguments and they were widely made by Republicans.
01:55:31.980
And true, but none of them are a vision of the future.
01:55:35.900
They're all just like, well, we shouldn't do these bad things we're doing.
01:55:41.520
Well, a vision of the future is saying, get the, what you said about the Department of Education
01:55:48.360
And also get your kids out of these schools, get them into private schools.
01:55:59.840
You're saying under this current system, there is a big challenge of what, yes.
01:56:08.080
You're spending money for these schools already.
01:56:10.060
People are like, well, I want free public schools.
01:56:16.780
If you were able to have your own money, that would do the majority of the work here.
01:56:27.260
You bring them to a private school of your choosing.
01:56:37.980
But if you were able to fund the students and not the system, which is what, there are
01:56:42.440
some people out there, Corey DeAngelis being one of them, who are pushing for this type
01:56:46.340
of stuff to be more of a priority, it is happening in some areas of the state level.
01:56:50.500
But why is it not the rallying cry of the National Republican Party right this second?
01:56:56.860
You will never have a better opportunity to reform the education system than you have
01:57:06.480
Everyone's seeing CRT and the gender craziness and all this other stuff thrown at them constantly.
01:57:13.040
Unfortunately, this is not the time to fix public schools.
01:57:22.680
I mean, the halfway step there are things like school vouchers and the ability to be
01:57:29.020
But honestly, we should be moving toward getting these kids out of these schools if it's at
01:57:37.300
And in conjunction with changing the rules with vouchers and all of that, is developing
01:57:42.320
more, I think, charities on the Republican side and conservative side to say, let's fund.
01:57:49.320
We always talk about university education and how crazy the professors are.
01:57:55.180
Changing the professors at the universities is certainly something that should be done
01:58:00.880
But K-12 has been ignored by conservatives for years who keep whining about some crazy
01:58:07.280
professor who's talking to a 20-year-old graduate student.
01:58:17.580
They can make a decision and say that stuff is crazy later on if they have the right foundation.
01:58:21.760
If they don't, then this stuff is going to work.
01:58:25.480
So get to them early and say, hey, let's go to a school that actually achieves things,
01:58:29.400
that teaches our kids, that instructs them in things that are actually valuable and not
01:58:35.320
how many of the thousand genders they might wind up being on an average Thursday.
01:58:42.480
And there's reasons that there's ways to do that through law and certainly approach.
01:58:47.820
Also, I think there needs to be private solutions to that.
01:58:50.120
But also, it should be the focus of the party right now, right this second.
01:58:54.720
It's incredible that this has been an opportunity that the conservative politicians out there
01:58:59.940
will sit there and whine about public schools all day long without making a difference
01:59:18.540
And it is, you know, you always say, we always say the next election, I mean, unless the Republicans
01:59:30.060
Here they have this opportunity because people are passionate about their kids, passionate about
01:59:35.060
schools, passionate about, I mean, watch the show tonight.
01:59:37.860
You will have passion on this topic and somebody is going to capitalize on it.
01:59:47.380
Elon Musk sees a problem and he's like, you know what?
02:00:15.100
We just need somebody with a big visionary thinking that says, I know who the American
02:00:22.100
I know they can do anything if we just leave them alone and get out of their way.
02:00:34.620
We're not going to take your money and then return 60 cents on a dollar and then tie all
02:00:41.100
that money to things that we in Washington think you need to do.
02:00:51.340
But believe me, the prices of this real estate.
02:00:58.260
They are going to go way down and it'll be beautiful and wonderful to watch them collapse.
02:01:11.680
There's a historic irony that borders on being funny.
02:01:18.060
There was a time in this country when because of gold, people actually packed up and went
02:01:26.000
Now, all these years later, in large part, because of places like California, people are
02:01:38.460
I just repeat it in the hopes that it won't repeat itself.
02:01:44.060
We're in one of the worst positions we've ever been in.
02:01:46.660
The point of no return may have already passed months and months ago, at least for the dollar.
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02:02:47.600
Uh, just been in the breaks, just been checking in with, uh, the, uh, Johnny Depp test testimony.
02:03:10.680
Uh, and, um, he shouldn't talk without a script.
02:03:18.160
Uh, substance abuse claims grossly embellished.
02:03:21.840
That's the headline, but if you're watching him, he is talking about, well, yeah, and I, you know, I, the drugs were so bad that I, when I tried to get clean, I had to stand under a scalding shower and burn my skin to make the receptors pay attention to something else.
02:03:44.220
Um, I don't know if, I don't know if that's an embellishment of your drug addiction.
02:03:50.880
That sounds like pretty serious drug addiction to me.
02:03:53.680
I'm not just saying he should learn to answer in less than three words, uh, cause he's not doing himself any favors.
02:04:02.380
All right, we'll see you tonight, nine o'clock, Blaze TV.