The Glenn Beck Program - Bernie PRAISES China for Its – Capitalism？｜ 8⧸28⧸19

00:00:00.000 Good morning. Hello, Stu. How are you?

00:00:04.820 Wonderful, Glenn, and yourself.

00:00:06.840 Oh, my gosh. I've got a great show lined up.

00:00:09.420 We're going to talk about Bernie Sanders and communism in the first hour.

00:00:12.640 Second hour, we're going to talk about a new economic theory,

00:00:16.040 which spells collapse, and third hour, let's do heroin.

00:00:20.740 All coming up.

00:00:21.920 You're really offering?

00:00:22.720 Today's program.

00:00:25.040 You'll hear.

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00:01:03.860 The fusion of entertainment and enlightenment.

00:01:24.280 Welcome to it, America.

00:01:26.700 It is Wednesday.

00:01:28.520 It is Wednesday, isn't it?

00:01:30.340 Thank you.

00:01:32.560 Thank you.

00:01:33.460 God bless you.

00:01:34.460 It's Wednesday.

00:01:36.660 Socialist Bernie Sanders, one of the leading presidential candidates yesterday,

00:01:44.400 tried to praise communist China, which is in and of itself an interesting thing to do, 0.75

00:01:52.160 but he ended up praising capitalism.

00:01:55.760 Capitalism, communism.

00:01:58.140 Where are we headed?

00:01:59.300 That and the Soviet Union's constitution.

00:02:04.440 Tell me where we're headed.

00:02:07.240 All that coming up in one minute.

00:02:10.060 This is the Glenn Beck Program.

00:02:15.780 Somewhere in America,

00:02:18.800 there is a man standing at a bench or a table.

00:02:23.380 My father used to call it a bench, kneading dough with work rough hands.

00:02:30.320 Every day for 20 years, he got up before the sun, dusting off the horizon.

00:02:36.140 He drove across town, and he got there and started making bread and donuts before anybody else was awake.

00:02:45.520 He's on his feet all day, working in an almost forgotten art, just because it makes other people happy.

00:02:52.920 And it makes him happy.

00:02:55.500 It is truly an art to this man.

00:02:59.380 That was my dad.

00:03:02.260 And there are people just like this all over the country.

00:03:06.740 But he stands in comfort as he sprinkles flowers over the milestones of his frontier,

00:03:13.940 because he stands in a pair of Tecova's boots.

00:03:16.880 They were made for people like him.

00:03:18.620 People of character.

00:03:19.760 People with dreams.

00:03:20.640 People on the edge of their frontier, just walking forward every day.

00:03:26.280 Honest, hardworking people who appreciate comfort and luxury in the same product.

00:03:31.920 And that product reminds them of who they are and where they're going.

00:03:36.620 Tecova's boots are made from the most exotic leathers available,

00:03:40.020 and they are handcrafted by world-class boot makers.

00:03:43.200 You know, it takes 200 steps to make a pair of Tecova's boots, 0.99

00:03:46.020 and yet their boots cost about half of what a boot of similar quality would cost.

00:03:52.660 Check out not only their selection of boots,

00:03:54.820 but also the other fine leather and clothing products they make.

00:03:58.300 It's great.

00:03:59.540 Tecova's.

00:04:00.340 T-O-I'm sorry.

00:04:01.820 T-E-C-O-V-A-S. 1.00

00:04:04.260 Tecova's.com slash back.

00:04:06.900 That's Tecova's.com slash back.

00:04:09.820 Tecova's.

00:04:10.860 Western wear for your frontier.

00:04:16.020 Now, you tell me what's wrong.

00:04:21.900 Here's Bernie Sanders, audio of Bernie Sanders yesterday,

00:04:26.580 trying to praise communist China.

00:04:30.300 But what we have to say about China, in fairness to China and its leadership,

00:04:35.840 is if I'm not mistaken, they have made more progress in addressing extreme poverty

00:04:40.400 than any country in the history of civilization.

00:04:46.020 Okay.

00:04:47.520 Bernie, I think you...

00:04:50.780 I do not think those words mean what you think it means.

00:04:55.740 What he didn't talk about was that it is the free market principle

00:05:01.660 that China has started to enact that they got from us.

00:05:07.520 It wasn't communism.

00:05:08.800 Never before in history have so many people escaped poverty

00:05:12.920 in such a short time in the past decades in China.

00:05:16.600 Okay.

00:05:17.800 According to the official World Bank figures,

00:05:20.080 the percentage of extremely poor people in China in 1981

00:05:23.800 was 88.3%.

00:05:26.900 By 2015, only 0.7% of the Chinese population

00:05:31.880 was living in extreme poverty.

00:05:34.540 Now, wait a minute.

00:05:38.360 Poor people in China fell from 878 million people

00:05:42.540 to less than 10 million people since 1981.

00:05:47.880 Now, what happened?

00:05:50.480 What happened?

00:05:51.200 Well, under Mao, the state had, you know,

00:05:56.600 an omnipotent grip over China's economy.

00:05:59.740 What happened over the last few decades

00:06:01.780 can be summed up in a couple of sentences.

00:06:04.620 China embraced the tenets of a free market economic system.

00:06:10.380 It introduced private ownership,

00:06:12.980 gradually reduced the influence of the once all-powerful state

00:06:16.620 over the Chinese economy.

00:06:18.200 Now, they're still communists

00:06:21.360 and is still state-controlled, much of it.

00:06:26.020 But you also have these independent companies,

00:06:29.500 these companies that are not collapsing.

00:06:32.880 These companies that are run by the state

00:06:35.420 are collapsing, as we pointed out earlier this week.

00:06:39.060 China had to print $50 trillion.

00:06:43.500 $50 trillion.

00:06:46.660 Half of that went right to these state-owned companies

00:06:50.120 that are dying.

00:06:53.060 The state still plays a major role,

00:06:56.540 but it is.

00:06:58.160 It's free market capitalism

00:07:00.700 after the death of Mao

00:07:04.580 and the death of communism.

00:07:10.400 Let me give you this story, Bernie.

00:07:12.560 Here's another story for you.

00:07:15.800 Tell me if this sounds like communism

00:07:18.740 or a celebration of capitalism.

00:07:23.740 Quoting the story,

00:07:24.820 It was no surprise

00:07:27.400 that the crowds

00:07:28.380 at China's first Costco location

00:07:30.180 would be big.

00:07:31.880 But the company wasn't prepared for this.

00:07:35.260 The photos of the opening

00:07:36.780 of the Shanghai location

00:07:39.080 of Costco

00:07:40.300 painted a clear picture

00:07:42.560 of the reports coming out of China,

00:07:44.120 which said that

00:07:44.660 a deluge of shoppers

00:07:46.140 clogged up parts of the store

00:07:48.120 and built up traffic

00:07:49.980 on roads right outside of Costco,

00:07:52.360 resulting in a three-hour wait

00:07:55.620 for a parking space.

00:07:59.680 Shoppers crowded the meat department,

00:08:01.960 which included

00:08:02.560 the Costco rotisserie chicken

00:08:05.740 and the food court.

00:08:07.540 Elbows and arms were thrown

00:08:08.920 in every direction

00:08:09.820 as customers attempted

00:08:10.940 to pick up various items.

00:08:12.880 The sheer amount of people

00:08:15.220 forced the store

00:08:17.240 to shut down hours early.

00:08:20.080 And a text message to members

00:08:22.380 reportedly read in part

00:08:23.780 to provide you with

00:08:25.000 better shopping experience,

00:08:26.700 Costco will suspend business

00:08:29.680 in the afternoon.

00:08:31.620 Please don't come.

00:08:35.040 Now, why were they there?

00:08:38.400 Well, the deep discounts

00:08:40.000 that a Costco membership

00:08:43.440 gives you.

00:08:45.180 This is something spectacular

00:08:47.380 in China.

00:08:48.360 The usual items

00:08:51.640 offered to first-time customers

00:08:53.120 at the Shanghai location

00:08:54.520 had discounts also

00:08:56.280 on other luxury items.

00:08:58.160 The South China Morning Post

00:08:59.520 reported that you could get

00:09:01.340 Prada tote bags

00:09:02.440 and MCM leather backpacks.

00:09:05.000 There is also reportedly

00:09:06.120 an Hermes

00:09:07.320 super popular Birkin bag

00:09:09.700 available.

00:09:11.160 We don't know the prices of it.

00:09:13.280 Even if you did manage

00:09:14.800 to get a big-ticket item

00:09:16.280 or even something smaller

00:09:17.900 on a smaller scale,

00:09:19.420 such as food,

00:09:21.080 checkout was a nightmare.

00:09:22.940 If you managed to wait

00:09:24.680 the three-hour wait

00:09:26.340 to get a parking space,

00:09:29.560 when you got the parking space,

00:09:32.940 you were warned

00:09:34.000 that it could take two hours

00:09:36.400 just to check out.

00:09:38.440 All in all,

00:09:40.460 Costco managed to stay open

00:09:42.220 until 1.40 p.m.,

00:09:46.720 five hours after it first opened.

00:09:50.340 Now,

00:09:51.200 it's a Costco.

00:09:54.780 We have them everywhere.

00:09:57.400 They're great,

00:09:59.120 but are you waiting

00:10:00.440 five hours to buy something

00:10:03.540 at Costco?

00:10:04.220 Costco?

00:10:05.540 No.

00:10:06.600 No.

00:10:08.440 So is it communism,

00:10:10.700 Bernie,

00:10:11.240 that has everybody excited

00:10:13.120 and is lifting people

00:10:14.200 out of poverty?

00:10:15.880 And if it's communism,

00:10:18.640 how come it didn't work

00:10:20.680 under Mao?

00:10:23.220 What changed?

00:10:27.300 Oh, 1.00

00:10:27.940 these people are crazy. 1.00

00:10:30.520 Truly, 1.00

00:10:31.200 truly crazy.

00:10:31.960 Crazy.

00:10:34.220 You know,

00:10:35.360 there are times,

00:10:36.500 there are a few days

00:10:37.680 that I can recall

00:10:39.220 in every broadcaster's life,

00:10:43.140 there's a few days

00:10:44.600 where you're like,

00:10:45.720 wow,

00:10:46.640 really?

00:10:47.920 I mean,

00:10:48.320 things happen

00:10:49.460 that are so crazy,

00:10:51.720 you can't believe

00:10:53.040 you have to tell

00:10:54.080 the American people

00:10:54.900 about them.

00:10:56.920 Let me give you one.

00:10:58.720 This week,

00:11:00.780 while listening

00:11:02.060 you're listening to Barack Obama

00:11:03.200 talk about the dangers

00:11:05.020 of a rising ocean

00:11:06.700 due to climate change,

00:11:09.400 you're listening to maybe

00:11:12.480 his clips

00:11:13.260 or you're lucky enough

00:11:14.900 to be able to get online

00:11:16.160 and listen to his speech,

00:11:18.100 while he's giving that speech,

00:11:21.060 it's announced

00:11:22.060 that he bought

00:11:22.740 a $14 million

00:11:24.120 beachfront home

00:11:26.760 on Martha's Vineyard.

00:11:27.900 Now,

00:11:29.580 I don't know

00:11:30.460 if you have

00:11:30.980 an awful lot

00:11:31.700 of credibility

00:11:32.400 if you are

00:11:33.640 giving a speech

00:11:35.120 about how all

00:11:35.960 of our beaches

00:11:36.640 are going to go away

00:11:37.840 and there's flooding

00:11:38.920 coming

00:11:39.420 and all of the islands

00:11:40.880 will be gone

00:11:41.880 and that day

00:11:44.020 you're buying

00:11:44.600 a $14 million

00:11:45.740 beachfront home.

00:11:48.320 That's one of those days

00:11:49.620 that you're like,

00:11:50.420 I can't believe

00:11:51.480 I have to say this.

00:11:53.780 I can't believe

00:11:54.280 there are some people

00:11:54.880 out there who are like,

00:11:55.740 whoa,

00:11:56.120 no,

00:11:56.540 wait a minute.

00:11:57.900 How about this one?

00:12:02.700 A day in the life

00:12:03.680 of a broadcaster

00:12:04.540 where you have to say,

00:12:06.300 hey,

00:12:06.640 by the way,

00:12:08.000 I'm just going to let you know

00:12:09.440 that,

00:12:10.140 yeah,

00:12:10.560 Hillary Clinton

00:12:11.240 kept a private email server

00:12:13.780 with classified government documents

00:12:15.580 in a closet

00:12:16.340 in her bathroom

00:12:17.300 for more than five years.

00:12:20.780 She wipes

00:12:21.780 all the hard drives

00:12:22.980 while under investigation

00:12:24.520 and this week

00:12:26.560 it also looks like

00:12:27.760 it also looks like

00:12:27.780 the FBI

00:12:28.580 knew about

00:12:30.060 this huge stack

00:12:32.120 of really,

00:12:33.340 really vital documents

00:12:35.040 and they didn't look

00:12:36.760 through any of them.

00:12:39.280 That's when you look back

00:12:40.320 and you're like,

00:12:41.100 wow,

00:12:42.280 Bernie Sanders

00:12:43.200 praising China,

00:12:46.340 talking about how

00:12:48.260 they're lifting people

00:12:49.340 out of poverty

00:12:49.980 while they are building

00:12:53.000 concentration camps.

00:12:56.360 Really,

00:12:57.000 dude,

00:12:57.200 are you serious?

00:12:59.500 Today is truly

00:13:00.800 one of those days.

00:13:02.500 This week,

00:13:03.260 we've been focused

00:13:03.860 on key economic issues.

00:13:05.700 Hour two,

00:13:06.760 all week,

00:13:07.360 we've been explaining

00:13:08.340 what is happening,

00:13:09.760 what is coming,

00:13:10.440 using common language,

00:13:12.900 not talking,

00:13:13.940 trying not to talk

00:13:14.980 over people's heads,

00:13:16.220 trying to make

00:13:17.340 everything understandable

00:13:18.280 because no one

00:13:19.240 on TV will.

00:13:22.240 Monday,

00:13:22.700 we looked at

00:13:23.140 the economic system,

00:13:25.300 the situation

00:13:26.000 in which we find ourselves,

00:13:28.320 the long daisy chain

00:13:29.880 of crazy progressive ideas

00:13:31.860 that have been going on

00:13:32.580 for a hundred years.

00:13:33.800 Who is wrecking

00:13:34.940 the economy?

00:13:36.700 Well,

00:13:37.000 the answer was

00:13:37.600 all of us.

00:13:38.360 We looked at

00:13:40.200 the trade war

00:13:40.800 with China.

00:13:41.560 We reviewed the fact

00:13:42.460 that China has created 0.99

00:13:43.760 more than $50 trillion

00:13:45.280 in off-balance sheet

00:13:47.500 currency,

00:13:48.680 using more than

00:13:50.020 half of that

00:13:50.720 to buy up

00:13:51.380 U.S.

00:13:51.940 and Western nation

00:13:52.760 equities.

00:13:53.400 In other words,

00:13:54.180 they've taken about

00:13:54.920 $15 trillion

00:13:55.900 and put it into

00:13:57.280 our stock market.

00:13:58.260 You want to talk

00:13:58.720 about a death spiral?

00:14:03.120 Yesterday,

00:14:03.760 we took a deep dive

00:14:05.060 in recessions.

00:14:07.140 We told you

00:14:07.980 how government

00:14:08.520 intervention

00:14:09.080 to prevent

00:14:09.580 or reverse

00:14:10.180 recessions

00:14:11.920 creates distortions

00:14:13.640 in the economy.

00:14:14.580 Today,

00:14:16.460 wow,

00:14:16.820 we're going to

00:14:17.240 take a look

00:14:17.820 at a leading proposal

00:14:18.900 for financial policies

00:14:20.740 that is happening

00:14:22.440 right now

00:14:23.260 in Washington.

00:14:24.240 And when you hear it,

00:14:25.320 it's one of those days

00:14:26.800 for a broadcaster

00:14:27.880 where I can't believe

00:14:29.720 I actually have

00:14:31.100 to explain

00:14:31.820 to the nation

00:14:32.580 why just

00:14:34.220 unlimited

00:14:35.120 printing

00:14:36.120 of money

00:14:37.040 with nothing

00:14:38.440 to back it up

00:14:39.580 is a bad idea.

00:14:42.120 Bernie Sanders,

00:14:43.620 Elizabeth Warren,

00:14:45.120 the squad,

00:14:46.960 Bob Francis O'Rourke,

00:14:49.060 all of them

00:14:49.880 are now saying

00:14:51.700 we can do that

00:14:52.720 and they're calling it

00:14:53.600 a modern monetary theory.

00:14:56.200 It's not a theory.

00:14:59.020 And I'll explain

00:15:00.120 at the top

00:15:00.780 of hour number two,

00:15:02.380 the next hour

00:15:03.180 on this broadcast,

00:15:04.360 you don't want

00:15:05.400 to miss it.

00:15:06.860 But I want to

00:15:07.360 I want to go to

00:15:08.580 I want to go to

00:15:10.840 a story

00:15:11.360 where you are

00:15:12.200 seeing them,

00:15:13.140 this one from

00:15:13.700 the Washington Post

00:15:14.580 today,

00:15:15.080 where you are

00:15:15.860 seeing these candidates

00:15:16.980 now say

00:15:17.960 we can print

00:15:19.280 unlimited

00:15:19.900 numbers of cash

00:15:21.280 because

00:15:21.600 we want to

00:15:23.400 promise everybody

00:15:24.600 certain things.

00:15:26.140 And as I was

00:15:27.080 reading this story

00:15:27.740 in the Washington Post

00:15:28.540 today,

00:15:28.920 I thought,

00:15:29.720 hmm,

00:15:30.080 I've seen

00:15:30.680 someplace else

00:15:31.580 that guaranteed

00:15:33.020 those other things.

00:15:35.680 And I looked

00:15:36.480 at one of the producers

00:15:37.220 and I said,

00:15:37.860 could you print

00:15:38.580 the Soviet

00:15:39.300 Constitution out

00:15:40.740 for me?

00:15:41.200 Because I think

00:15:41.760 that's where it was.

00:15:43.680 Wait until I read

00:15:45.200 the Soviet Constitution

00:15:46.480 to you

00:15:47.160 or parts of it.

00:15:49.660 Even if you've

00:15:50.640 read it in the past,

00:15:51.860 you won't believe

00:15:53.360 how close

00:15:55.140 the Democrats

00:15:55.940 are to

00:15:57.160 quoting

00:15:57.900 the Soviet

00:15:59.680 Constitution.

00:16:01.940 That's how far

00:16:03.140 we've come.

00:16:04.880 That,

00:16:05.520 coming up in

00:16:06.080 just a second.

00:16:06.900 Stand by.

00:16:07.680 First,

00:16:08.940 let me tell you

00:16:10.680 about

00:16:11.500 LifeLock.

00:16:13.700 Say a

00:16:14.440 red guy

00:16:16.140 with horns.

00:16:17.660 You know,

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00:16:19.280 And he shows up

00:16:20.520 at your door

00:16:21.180 and he offers

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00:16:23.100 full of cash

00:16:24.120 and a Corvette

00:16:25.000 that he just

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00:16:27.080 I mean,

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00:16:29.540 Then he hands you

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00:16:31.640 of paper

00:16:32.140 and on the front

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00:16:35.260 terms and conditions

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00:16:40.500 I agree.

00:16:42.320 Are you going

00:16:43.360 to read that first

00:16:44.880 or are you just

00:16:46.000 going to go,

00:16:46.740 yeah,

00:16:47.160 I agree?

00:16:49.500 Well,

00:16:50.140 that's every

00:16:50.840 transaction we

00:16:51.680 have online

00:16:52.640 and they've made

00:16:53.800 it impossible

00:16:54.560 for us to read.

00:16:56.480 So you just

00:16:57.880 click on

00:16:58.660 I agree.

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00:17:01.120 the devil.

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00:17:05.300 sacred,

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00:17:07.120 the information

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00:17:45.000 We pause

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00:17:46.680 Station ID.

00:17:53.800 All right.

00:17:56.600 I want to talk to you.

00:17:58.080 Let me start

00:17:58.660 with Bernie Sanders again.

00:17:59.840 Now,

00:18:00.000 this is a story

00:18:00.800 from the Washington Post.

00:18:03.280 Washington Post,

00:18:04.420 2020 Democrats

00:18:05.460 have embraced

00:18:06.300 seemingly

00:18:07.280 every big

00:18:08.760 left-wing

00:18:09.500 economic idea

00:18:10.720 except this one.

00:18:13.740 I'm going to explain.

00:18:15.380 Bernie Sanders

00:18:16.020 says every American

00:18:17.540 should be concerned

00:18:18.480 about the rising

00:18:19.680 federal deficit.

00:18:21.200 Do you think

00:18:21.940 he means that?

00:18:24.160 Because I don't.

00:18:25.820 I don't think

00:18:26.440 he means that

00:18:27.220 at all.

00:18:28.860 Elizabeth Warren

00:18:29.880 has detailed

00:18:31.080 how she would

00:18:31.640 raise enough

00:18:32.340 new tax revenue

00:18:33.400 to pay for her

00:18:34.640 proposals

00:18:35.200 for universal

00:18:36.320 child care

00:18:37.120 and free

00:18:38.460 college for

00:18:39.200 everyone.

00:18:39.740 Do you think

00:18:41.640 she cares

00:18:42.340 about the deficit

00:18:43.200 more than

00:18:44.340 Bernie Sanders

00:18:45.100 but not enough

00:18:47.720 to stop her

00:18:48.660 from these

00:18:49.120 crazy proposals?

00:18:51.040 Long shot

00:18:52.080 candidate

00:18:52.580 Andrew Yang

00:18:53.500 who perhaps

00:18:54.360 is best known

00:18:55.240 for the memes

00:18:57.000 around his candidacy

00:18:58.380 has called

00:18:59.100 for a broad-based

00:19:00.420 consumption tax

00:19:01.840 to finance

00:19:02.880 his signature

00:19:03.820 issue

00:19:04.320 of universal

00:19:05.920 basic income.

00:19:07.060 in a Democratic

00:19:09.040 presidential primary

00:19:10.160 says the

00:19:10.900 Washington Post

00:19:11.640 where candidates

00:19:12.600 have championed

00:19:13.520 many ideas

00:19:14.320 once relegated

00:19:15.320 to the far

00:19:16.040 left of

00:19:16.660 American politics

00:19:17.740 a federal

00:19:19.520 jobs guarantee

00:19:20.700 forgiveness

00:19:21.980 of student debt

00:19:23.340 reparations

00:19:24.780 for the

00:19:25.340 descendants

00:19:25.720 of slaves

00:19:26.780 there is

00:19:27.760 one left

00:19:28.520 wing

00:19:28.980 economic

00:19:29.660 position

00:19:30.260 that no one

00:19:31.500 has espoused

00:19:32.480 and that is

00:19:33.380 the idea

00:19:34.000 of modern

00:19:35.100 monetary

00:19:35.760 theory

00:19:36.360 okay

00:19:38.240 that's not

00:19:39.760 true

00:19:40.440 Washington Post

00:19:41.600 it argues

00:19:42.640 that the U.S.

00:19:43.340 government

00:19:43.620 can never

00:19:44.580 go bankrupt

00:19:45.400 and therefore

00:19:46.560 does not need

00:19:47.680 to raise

00:19:48.180 tax revenue

00:19:49.120 to fund

00:19:50.140 new spending

00:19:50.940 initiatives

00:19:51.700 MMT supporters 0.95

00:19:53.340 say it's a mistake

00:19:54.620 to push

00:19:55.180 for lower deficits

00:19:56.360 because that

00:19:57.420 risks contracting

00:19:58.500 spending

00:19:59.320 and as a result

00:20:00.500 slowing

00:20:01.060 economic growth

00:20:02.140 so what they

00:20:03.120 want to do

00:20:03.980 is they

00:20:05.180 want to make

00:20:07.000 sure that

00:20:07.660 you have

00:20:08.560 you never

00:20:10.380 have a recession

00:20:11.300 you never

00:20:12.260 have a problem

00:20:12.980 with anything

00:20:14.040 like losing

00:20:15.840 your job

00:20:16.440 because

00:20:16.840 the government

00:20:18.160 will just

00:20:19.040 keep things

00:20:20.000 going

00:20:20.520 now I want

00:20:22.620 to go through

00:20:23.040 some of their

00:20:23.540 proposals

00:20:24.080 and next hour

00:20:24.960 I'm going to

00:20:25.300 show you

00:20:25.720 where they

00:20:26.140 are quoting

00:20:26.820 the modern

00:20:28.780 monetary theory

00:20:29.780 so the

00:20:30.540 Washington Post

00:20:31.280 doesn't know 1.00

00:20:31.820 it's ass 1.00

00:20:32.260 from its elbow 0.99

00:20:33.020 on this

00:20:33.820 because I can

00:20:34.860 find the quote

00:20:35.700 in one

00:20:36.500 Google search

00:20:37.500 Google hasn't

00:20:39.300 trapped us

00:20:40.080 out of that

00:20:40.680 information yet

00:20:41.820 so

00:20:43.340 they are

00:20:45.320 proposing this

00:20:46.280 but I want

00:20:47.240 to show you

00:20:47.800 what they're

00:20:48.200 proposing it

00:20:48.880 for

00:20:49.460 and then

00:20:51.380 I think

00:20:52.620 we should

00:20:52.980 compare it

00:20:53.540 to the

00:20:53.840 Soviet Union

00:20:54.620 now

00:20:55.440 let me

00:20:56.520 just give

00:20:57.000 you

00:20:57.340 a

00:20:58.960 universal

00:21:00.840 truth

00:21:02.140 okay

00:21:02.780 it's

00:21:03.080 it's

00:21:03.400 not a

00:21:03.940 theory

00:21:04.200 it's

00:21:04.600 truth

00:21:05.280 we've

00:21:08.240 talked

00:21:08.500 about

00:21:08.920 Kondrakiev

00:21:09.920 I think

00:21:10.680 that's how

00:21:11.000 you pronounce

00:21:11.420 his name

00:21:11.860 he was

00:21:13.040 he was

00:21:14.000 Stalin's

00:21:15.640 economic

00:21:16.440 advisor

00:21:17.160 and Stalin

00:21:18.680 said

00:21:19.220 hey

00:21:19.860 which is

00:21:20.340 better

00:21:20.740 capitalism

00:21:21.980 or communism

00:21:22.880 now I

00:21:24.740 know what

00:21:25.440 to say

00:21:26.020 to Stalin

00:21:26.600 oh

00:21:27.200 communism

00:21:27.840 sir

00:21:28.340 he thought

00:21:30.360 Stalin 0.57

00:21:30.760 was looking

00:21:31.220 for an

00:21:31.600 honest

00:21:31.920 answer

00:21:32.360 so he

00:21:33.380 goes back

00:21:33.980 he takes

00:21:34.340 several months

00:21:34.940 and he

00:21:35.160 comes up

00:21:35.540 with what's

00:21:36.140 called now

00:21:36.720 the

00:21:36.980 Kondrakiev

00:21:38.040 wave

00:21:38.480 which is

00:21:40.020 there is

00:21:40.780 a spring

00:21:41.760 where green

00:21:42.720 shoots

00:21:43.120 new ideas

00:21:44.060 sprout up

00:21:44.940 and then

00:21:45.540 they start

00:21:45.980 to create

00:21:46.440 this great

00:21:47.180 economy

00:21:47.700 and then

00:21:48.160 we get

00:21:48.480 into summer

00:21:49.160 where everybody

00:21:49.720 thinks it

00:21:50.220 can never

00:21:50.820 end

00:21:51.200 and then

00:21:51.840 fall

00:21:52.280 comes

00:21:52.860 and everybody

00:21:53.940 starts saying

00:21:54.520 wait we gotta

00:21:55.100 bail everybody

00:21:55.840 out

00:21:56.280 he said

00:21:56.900 but capitalism

00:21:57.640 doesn't

00:21:58.500 the Soviet

00:21:59.420 Union

00:21:59.840 bails

00:22:00.300 everybody

00:22:00.680 out

00:22:01.060 and so

00:22:01.420 they

00:22:01.640 let the

00:22:02.560 failures

00:22:03.380 fester

00:22:04.380 and eventually 0.99

00:22:05.160 it sucks 0.97

00:22:06.360 everything

00:22:07.280 down

00:22:07.840 where you

00:22:08.920 just have

00:22:09.300 to realize

00:22:09.880 fall and

00:22:10.720 winter are

00:22:11.200 part of the

00:22:11.620 cycle

00:22:11.980 which will

00:22:12.640 lead to

00:22:13.160 spring

00:22:13.660 all that

00:22:14.640 all that

00:22:15.240 stuff

00:22:15.600 hibernating

00:22:16.520 or dying

00:22:17.040 actually helps

00:22:17.920 the soil

00:22:18.440 by the way

00:22:20.540 he was shot

00:22:21.000 in the head

00:22:21.440 um

00:22:22.200 all right

00:22:22.580 let me uh

00:22:23.420 let me tell

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00:24:41.940 welcome to the

00:24:52.360 program here

00:24:53.100 triple eight seven

00:24:53.700 twenty seven back

00:24:54.300 here's the phone

00:24:54.900 number um

00:24:55.840 thank you

00:24:56.560 pat gray has joined

00:24:57.440 us here in studio

00:24:58.180 uh and we've had

00:25:00.640 some questions that

00:25:01.800 we've been percolating

00:25:02.800 here since the

00:25:03.460 beginning of the

00:25:04.040 program you've been

00:25:05.240 in the middle of a

00:25:05.780 very serious monologue

00:25:06.700 i didn't think it

00:25:07.340 was necessarily the

00:25:08.100 right time to ask

00:25:08.800 them but i still in

00:25:10.160 the middle of it i

00:25:11.000 well i just feel like

00:25:12.020 the audience is now

00:25:13.380 especially the audience

00:25:14.820 on blaze tv blaze tv

00:25:16.780 dot com promo

00:25:17.440 the audience on

00:25:18.700 blaze tv i know

00:25:20.220 where you're going

00:25:20.940 and it uh they are

00:25:22.020 not confused so is

00:25:23.500 it are you wearing

00:25:24.440 two shirts with a

00:25:25.900 hole in it or is

00:25:27.860 there uh a giant

00:25:30.600 towel on your

00:25:31.600 shoulder it is it's

00:25:34.100 two shirts and a

00:25:34.820 towel right two

00:25:35.580 shirts that's what it

00:25:36.180 is

00:25:36.520 towel is it a no i'm

00:25:39.780 glad both of you own

00:25:40.980 guns i'm glad both of

00:25:42.340 you own guns we do

00:25:44.220 we do yeah but no

00:25:46.160 and i'm glad does that

00:25:47.000 have to do with your

00:25:47.680 shirt right what the

00:25:48.940 two shirts and a

00:25:50.020 towel this is a

00:25:50.480 shooting shirt oh

00:25:51.720 a shooting shirt oh

00:25:53.800 you can't shoot guns

00:25:54.800 in a normal shirt no

00:25:56.140 no that's not that's

00:25:57.280 not possible i've got

00:25:57.520 an extensive shooting

00:25:58.960 shirt closet yes that i

00:26:00.780 that i choose too yeah

00:26:02.240 yeah yeah we put a

00:26:03.340 whole new wing on the

00:26:04.560 house just to store my

00:26:05.800 shooting shirts yes

00:26:07.000 yeah and that's uh yeah 1.00

00:26:08.400 you're such jerks i've 1.00

00:26:10.680 got the writing pants in 1.00

00:26:12.080 another wing though did

00:26:13.240 you win a wrestling match

00:26:14.400 with a bunch of

00:26:15.100 construction cones is that

00:26:17.760 is that what happened

00:26:19.320 with this particular no i

00:26:21.300 had an oompa loompa in a

00:26:22.680 headlock i mean i i don't

00:26:26.060 think i've ever it's great

00:26:26.780 it's a good look though it

00:26:27.820 is i did no it's good i like

00:26:31.620 it i mean i i can see you

00:26:33.880 can see me a million miles

00:26:35.820 away and that's i guess the

00:26:37.280 point of the shooting shirt is

00:26:38.800 that you're very visible i

00:26:40.100 would assume very good yeah

00:26:42.360 very good something that like

00:26:44.260 dick cheney's friends should 0.94

00:26:45.840 possibly have been are you

00:26:47.320 gonna be shooting during the

00:26:48.440 show or no but i i might be

00:26:52.520 i might be fortunately but i

00:26:54.820 think we're out of range this

00:26:56.140 show and uh go shooting yes

00:26:59.260 for example i really like

00:27:01.160 pajamas but like i'm not

00:27:02.920 wearing them on national

00:27:03.760 television you know

00:27:05.160 way despite the fact that i

00:27:06.960 might be sleeping later in

00:27:08.340 the day i decided to wear

00:27:09.840 i don't know it's a weird

00:27:15.500 decision-making process i

00:27:16.800 guess maybe i'm out of the

00:27:17.780 norm i guess so i guess so

00:27:19.800 yeah what were you saying

00:27:22.820 about modern monetary theory

00:27:24.200 by the way can you get back

00:27:26.160 into that not much not much

00:27:28.160 here's where i would here's

00:27:30.560 where i do want to go you 0.98

00:27:32.040 pigs uh here's here's what i 0.97

00:27:35.780 do want to talk about so if

00:27:38.820 we've been looking at the

00:27:40.860 candidates uh that are running

00:27:43.620 for the democrat democratic

00:27:45.220 position have you noticed how

00:27:48.880 how far we've come to actual

00:27:53.040 communism they are now talking

00:27:56.520 about and openly and

00:27:58.360 unashamedly bernie sanders just

00:28:00.700 this week came out or last week

00:28:02.160 came out with his global

00:28:03.620 warming thing which takes over

00:28:06.060 industries uh it just unlimited

00:28:09.480 printing of of cash unlimited

00:28:12.700 taxation uh taking away private

00:28:15.920 property i mean it's it's crazy

00:28:18.720 aoc and the new green deal in

00:28:21.840 that it talks about this is the

00:28:24.680 transition from a free market

00:28:28.260 system so they're they're all

00:28:31.040 talking about this and i know

00:28:33.540 that i was i was reading

00:28:34.480 something from um i think

00:28:36.260 elizabeth warren this morning and

00:28:37.800 i thought gosh i've seen this

00:28:39.900 someplace before and so i printed

00:28:42.340 it up the constitution of the

00:28:45.000 union of social soviet socialist

00:28:47.080 republics now let me just stop me

00:28:52.100 if you recognize anything the union

00:28:55.040 of socialist uh republics is a

00:28:57.280 socialist state of workers and

00:28:59.960 peasants the soviets of working

00:29:02.860 people's deputies which grew and

00:29:04.880 attained strength as a result of

00:29:06.640 the overthrowing of the landlords and

00:29:09.760 the capitalist to achieve the

00:29:12.020 dictatorship of the people all power 0.84

00:29:15.520 belongs to the working people of a

00:29:17.580 town and a country as represented by

00:29:20.420 the soviets of working people's 0.99

00:29:22.400 deputies the socialist system of

00:29:25.280 economy and so socialist ownership

00:29:28.060 of means and instruments of

00:29:29.840 production firmly established as a

00:29:32.020 result of the abolition of capitalist

00:29:34.320 system in the economy uh blah blah

00:29:37.700 blah blah blah blah the soviet property

00:29:39.900 in the u.s exists either in the form

00:29:42.100 of state property possession of the

00:29:44.560 whole people or in the form of

00:29:46.860 cooperatives and collective farm

00:29:48.820 property now alongside the soviet system

00:29:53.360 uh of economy uh which is the

00:29:56.360 predominant form of the economy in

00:29:58.280 the u.s the law does permit small

00:30:00.680 private companies of individual

00:30:02.520 peasants and handcraftsmen based on

00:30:04.980 their personal labor and precluding

00:30:07.700 the exploitation of the labor of

00:30:09.840 others the rights of citizens to

00:30:12.200 personal ownership of their incomes

00:30:14.160 from their work their savings their

00:30:15.960 dwellings you know the the dwelling

00:30:18.180 houses and the household economy their

00:30:21.400 household furniture utensils articles

00:30:24.180 of personal use and convenience as

00:30:26.860 well the right as the right of

00:30:28.300 inheritance of personal property is

00:30:30.640 protected by law economic life of the

00:30:34.240 ussr is determined and directed by the

00:30:37.000 state national economic plan remember

00:30:40.280 they had a plan for everything with

00:30:43.560 the aim of increasing public wealth

00:30:46.140 pat did their economic plan their

00:30:50.260 national economic plan increase public

00:30:53.620 wealth

00:30:54.000 well in that everybody's wealth pretty

00:30:58.780 much decreased equally um i i think

00:31:02.300 yes yes did when at the end of the

00:31:05.200 soviet union had it steadily improved the

00:31:08.420 material conditions of the working

00:31:10.120 people

00:31:10.540 because that's what was in the

00:31:14.240 constitution that's what they had to

00:31:15.840 do it talks about all of the things

00:31:17.860 that now belong to the people and it

00:31:21.940 pretty much covers absolutely everything

00:31:24.220 but then there's this part in the

00:31:26.640 former soviet union constitution the

00:31:30.180 fundamental rights and duties of

00:31:32.940 citizens now who can explain how people 0.99

00:31:38.120 were treated in communist russia

00:31:40.660 either one of you are you still

00:31:45.960 focused on the shirt

00:31:46.880 how people were treated how power people

00:31:52.780 treated what was life like in the

00:31:54.440 former soviet union they were oppressed

00:31:56.500 they were hungry i don't know about

00:31:58.720 that didn't go anywhere hmm that's a

00:32:01.000 um they were told what jobs they had

00:32:02.960 to take move around yeah told what kind

00:32:05.820 of jobs they could have they were free

00:32:07.980 what sports they could get into but

00:32:09.980 yeah they were oh oh oh you kidding

00:32:12.300 me

00:32:12.540 yeah right right so here's article 118

00:32:16.520 of the soviet constitution citizens of

00:32:19.620 the ussr have the right to work it is a

00:32:23.880 guaranteed right of employment and

00:32:27.320 payment for their work in accordance

00:32:28.620 with its quantity and quality that's

00:32:31.000 that sounds familiar sound familiar at

00:32:33.480 all you have a right to work yep um

00:32:37.420 the citizen of the ussr has a right to

00:32:41.780 rest and leisure the citizens of the

00:32:46.120 ussr have a right to maintenance in old

00:32:48.700 age also in the case of sickness or the

00:32:51.720 loss of capacity the ussr citizens have

00:32:55.740 free medical service for all working

00:32:58.160 people oh that's and the provision of a

00:33:00.240 wide network of health resorts for the

00:33:02.820 use of the working people again familiar

00:33:04.800 this yeah the citizens of the ussr have a

00:33:08.180 right to education this right is ensured by

00:33:11.820 universal uh elementary education uh by

00:33:15.760 education including higher education being

00:33:18.580 free of charge wow women in the ussr

00:33:23.080 accorded equal rights with men the equality of

00:33:27.120 rights of all citizens in the ussr and that

00:33:30.500 happened don't you think everybody was equal oh yeah 0.97

00:33:33.320 yeah yeah like you could you could be gay or

00:33:36.700 whatever and it's not i mean it's still not a 0.94

00:33:39.620 problem in russia no now in order to ensure citizens

00:33:45.060 freedom of conscience the church in the ussr is

00:33:49.900 separated from the state and the school from the

00:33:54.560 church so they have in their constitution a

00:33:59.920 separation of church and state just like us

00:34:03.640 because that's right in our constitution too

00:34:05.740 no it's not directly in there no yeah freedom of

00:34:10.360 religious worship and freedom of anti-religious 0.77

00:34:13.140 propaganda is recognized for all citizens

00:34:16.560 article 125 in conformity with the interest of the

00:34:21.340 working people and in order to strengthen the

00:34:23.760 soviet system the citizens of the ussr are guaranteed

00:34:28.060 by law one freedom of speech b or two freedom of the

00:34:36.560 press three freedom of assembly the freedom to hold mass

00:34:42.240 meetings uh the freedom to have a street procession or demonstration

00:34:47.320 the uh freedom for uh communications

00:34:51.820 wow this i mean that sounds familiar too doesn't it

00:34:56.280 except did they have any of those things none of those things existed

00:35:01.600 in the in the former soviet union which is fascinating right yeah

00:35:06.100 right because of article 126 that says you know but if it's anything that goes

00:35:13.340 against what the people want and remember it's the it's the deputies that

00:35:19.040 decide what the people want if it goes against the people what the people want

00:35:24.340 and also it goes against the state then you're deemed um a radical and you will

00:35:32.380 be dealt with uh citizens of the ussr are are guaranteed uh the

00:35:39.380 the sacredness of the person the sacredness of the home and privacy of

00:35:45.320 correspondence is protected it is the duty of every citizen to

00:35:49.820 abide by the constitution of the uh union of soviet republics to observe the

00:35:55.240 law to maintain labor discipline to honestly perform public duties and

00:35:59.740 respect the socialist intercourse it is also the duty of every citizen of the

00:36:05.620 ussr to safeguard and strengthen uh public socialist property as sacred

00:36:12.920 uh it is the source of wealth and might of the country any persons committing

00:36:19.960 offenses against the public or socialist property are enemies of the people

00:36:25.660 isn't it amazing what happens when the constitution is a document of positive

00:36:31.960 liberties rather than negative liberties what do you mean pat i don't know what

00:36:36.840 that means well what that what that what i mean by that is that our

00:36:41.100 constitution is a document of what the government can't do to you their

00:36:46.080 constitution was what it was it was a document of what the government is going

00:36:50.760 to do for you with the exception of unless we don't like it right or you're not

00:36:57.680 the right person or you're in the wrong group or whatever yeah whatever it is plus

00:37:02.720 you wind up with the word intercourse in your in your constitution which is just

00:37:06.360 weird right like that that's a totally separate

00:37:09.400 issue but i think it's important okay i'm glad from the guy who brought us the

00:37:14.700 shirt uh news that you're also bringing us the uh the intercourse part you shouldn't

00:37:21.860 put the word intercourse in your constitution you should just know better than that it's

00:37:25.720 wrong i mean let's get him a thesaurus i mean obviously it was the free market

00:37:31.780 system that brought us the thesaurus uh i just find it uh i find it incredible how

00:37:37.860 far we've come and how fast we've come to reflecting the to having people running

00:37:45.100 for president who are reflecting the exact principles laid out in the soviet constitution

00:37:52.380 sometimes which are 180 degrees yeah some of them word for word 180 degrees in the opposite

00:37:59.040 direction of america and a free market all right back in just a second

00:38:03.880 despite what the movies say we're probably not going to wind up living in an apocalyptic

00:38:14.100 landscape dotted by roving zombies and warlords in in land rovers i mean first of all you can't bring

00:38:21.400 that land rover into the united states it's it's not fuel efficient and the emission standards are

00:38:26.820 totally different and even zombie warlords will abide by that law uh i'm

00:38:33.860 you know i don't think i'm going to have to trade stew for food i mean i can just change the

00:38:39.560 one letter stu to st e w and i think we're all going to be fine we're headed into national

00:38:47.940 preparedness month which as the name suggests is a time to make plans for disasters you know the real

00:38:54.440 ones you've done this i've done this by starting and building a food storage plan with my patriot supply

00:39:02.240 now they totally revolutionized the preparedness industry they have industry leading line of

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00:39:17.120 you might need at some point and this week save a hundred dollars on a four-week emergency food

00:39:23.000 package when you go to my special website called preparewithglenn.com that's preparewithglenn.com

00:39:29.300 these four-week kits include breakfast lunch dinner and they'll last up to 25 years in storage

00:39:34.540 they're shipped free discreetly to your door don't wait don't wait until everyone can see the writing

00:39:41.300 on the wall because then it's too late give yourself a peace of mind and and save a hundred dollars at

00:39:47.500 preparewithglenn.com preparewithglenn.com do it now this is the glenbeck program

00:39:54.720 and that's right welcome to the program today's a big day if you're a candidate that wants to get

00:40:15.940 into the debates uh looks like it's going to be only one night not two because they're cutting a lot

00:40:21.320 people out of it what are the standards and whose qualifyings do you need 130 000 individual donors

00:40:26.800 and you need four qualifying polls that show you at two percent or higher 10 candidates have qualified

00:40:32.500 for that already there's really only one who's on the fence as of today which was tom steyer uh steyer

00:40:38.320 had a amazing yeah and the only reason he had i mean he's spending a fortune in early states because

00:40:43.120 the early state polls count here however no one's releasing any early state polls so he's qualified in

00:40:48.840 all the early state polls that have been released but not enough of them have been released for him

00:40:52.400 to qualify so there was two national polls that came out today a couple interesting things one

00:40:57.600 steyer did not hit two percent in either one of them gabbard who's been completely screwed here by

00:41:02.620 the democratic party uh and she has a legitimate argument as to you know they just decided to count

00:41:08.240 the polls she didn't get to two percent in and not count the polls that she did get to two percent in

00:41:14.240 um she is looks like she's not going to make it either barring a flat last minute flurry of polls

00:41:20.080 it has to be released today the other interesting thing is if you remember this monmouth poll that

00:41:24.800 came out earlier this week showed a three-way tie basically with warren sanders and biden the two

00:41:29.380 national polls a credible poll yeah very good poll however it's one poll and the two polls that came

00:41:34.860 out today both also credible polls have uh biden up by 13 and 18 so it does not seem like we're at a

00:41:42.220 three-way tie right now you're listening to glenn beck

00:41:50.420 first they proposed universal free health click care including free unlimited abortions

00:41:59.880 then free college then open borders then universal basic income then the green new deal free phones

00:42:08.720 free internet free internet free cars free housing guaranteed jobs is what we're up to now

00:42:16.280 collectively over 70 trillion dollars in brand new government spending over the last over the next

00:42:25.900 10 years 70 trillion now how are we going to pay for that well don't worry the magic money fairy has

00:42:37.180 arrived it's called modern monetary theory part three in our series this week on what's the economy

00:42:46.520 doing what is washington doing what are we headed for in one minute this is the glenbeck program

00:42:55.840 you know i was thinking about my thinking about my dad and

00:43:03.020 my dad had a bad childhood growing up and um somewhere in the sound of my voice there's a

00:43:11.600 there's somebody just like that and everybody in my family for like the past five generations has been

00:43:19.340 a baker i'm just fat uh they baked and my dad worked hard and he didn't want to be like his dad my

00:43:28.760 my grandpa was uh on my dad's side was uh was a baker who made great breads and that was his art

00:43:37.360 my dad was into cake decorating and and pastries and all the things that now make me fat

00:43:43.840 but that was his dream that was his frontier my dad wanted to be the best that he could be he didn't

00:43:53.740 need to be the best in the world just the best that he could be and he took such pride in all of his baked

00:44:00.540 goods and he was on his feet all day long working in this i think almost forgotten art now where you

00:44:10.280 had to do it by hand and it came from within

00:44:14.580 my dad would come home he'd have such a bad back from carrying those sacks of flour and

00:44:22.380 and his feet always hurt

00:44:25.440 i wish he would have tried a pair of tecovis boots

00:44:32.840 because if you're on the on your feet all the time like i i work the studios all the studio floors are

00:44:40.020 concrete and if you're on your feet all day on concrete you know how much your feet hurt when

00:44:46.840 you get home don't have that problem all you have to do is wear a pair of tecovis they're comfortable

00:44:52.480 they fit perfectly they're for honest hard-working people who appreciate comfort and luxury in the

00:44:59.200 same product tecovis boots they're made the most exotic leathers available they're handcrafted by

00:45:05.280 world-class boot makers you know it takes 200 steps to make a pair of tecovis boots and yet their

00:45:11.340 boots cost about half of what a similar boot of quality would cost so check out tecovis try them

00:45:20.660 out now you're going to order them online they make it really easy to measure and get the right fit and

00:45:26.900 you can return them customers always write with tecovis find your pair now tecovis.com

00:45:33.640 slash back that's t-e-c-o-v-a-s.com to covis.com slash back to covis westernware for your frontier

00:45:44.560 this week we've been talking about economics and what is happening in our country on a monday we

00:45:54.840 we looked at our economic system and situation uh and and examined the long daisy chain of just 0.96

00:46:03.080 stupid policy decisions that go against logic dating over a hundred years both republicans and 0.95

00:46:10.620 democrats then the next day the trade war with china china has created more than 50 trillion dollars 1.00

00:46:19.320 just printed 50 trillion dollars so you know all the money in the world from every country all the

00:46:26.540 currency just piled up is 60 trillion china just printed 50

00:46:35.380 we talked to you about the importance of america and how the rest of the world

00:46:41.140 is truly depending on us we looked at recessions yesterday today i want to talk to you about how

00:46:49.920 how politicians are now saying we're going to pay for everything because they're proposing all kinds

00:46:55.700 of stuff free universal health care got it free unlimited abortions got it free college got it

00:47:01.840 guaranteed jobs for all the new green deal free phones free internet free cars free housing

00:47:10.220 everything 70 trillion dollars in brand new government spending over the next 10 years brand new so

00:47:18.460 that's that's not counting all the spending we're doing on top

00:47:22.140 now how are we going to pay for it well there's this new theory and it's wonderful because it's very

00:47:31.160 modern and you know it's modern when it uses the word mart modern the modern monetary theory it's

00:47:39.580 mmt here's what it says governments never need to worry about taxes they never need to worry about

00:47:48.700 budgets and they never need to worry about deficits because governments can print as much money as it ever

00:47:55.260 needs to spend to ensure full employment zero budget shortfalls unlimited spending capacity against any need want

00:48:06.540 or desire if the government says you know what we should have that they can print the money

00:48:15.020 now does this sound logical to you in any way shape or form

00:48:22.220 you need to know about mmt because it represents the newest brightest thinking among the liberal intellectual

00:48:28.860 elites and academics it was first proposed by an economic guru warren mosler in the mid 1990s it is now

00:48:39.420 fully embraced by the left and you have some candidates talking about it on um uh on the campaign trail but

00:48:49.500 one of the leading guys who is um uh an economist at bard college said quote it's not easy to move

00:48:59.260 people overnight it's very difficult to communicate these ideas in a way people can understand but what's

00:49:05.340 more important is that the conversation has profoundly shifted we're now talking about big bold policies

00:49:11.980 that everyone used to say were pie in the sky does that sound like elizabeth warren we're talking about

00:49:18.060 something big and bold and what they're talking about is abandoning everything the world has learned

00:49:25.020 about economics and trying this new theory now you know what's crazy about this new theory is

00:49:36.540 why hasn't anyone ever thought of it before i mean it seems so simple if the government wants to buy

00:49:45.340 something don't raise taxes just print more money then that seemed great this theory of finance is so new

00:49:58.620 as we speak mmt is being modeled and taught at harvard boston college usc and

00:50:05.340 mit traditional models of government financing uh place the the power of the purse in the hands of the

00:50:14.700 people because the government has to tax and it taxes to get its income so it takes your income and you

00:50:24.460 have the control knob on government spending because you you can vote them out of office you can say no

00:50:30.780 we're not doing this now i'd like to point out that we haven't been very good at regulating

00:50:39.580 which is probably why they're now saying we can spend anything

00:50:45.500 mmt reframes the reframes the way in which governments participate in economies it completely

00:50:53.820 divorces government budgets and spending from the private economy so rather than taxing our

00:51:00.460 borrowing from the population for its income the government has an unlimited budget and it can

00:51:07.020 spend that unlimited budget in its own discretion by just printing new money anytime government leaders

00:51:14.380 determine there's a new need for spending and there you have it mmt completely new a modern way for

00:51:23.660 governments to have unlimited budget so we can have whatever we want and never pay for it

00:51:32.300 oh man am i reminded of the kipling poem gods of the copybook headings and we had plenty of money

00:51:41.180 but nothing our money could buy 0.98

00:51:43.020 i i i find this astounding in its stupidity so let's look at modern monetary theory because it is 0.99

00:51:57.100 riddled with logical fallacies and it completely fails even just a just a quick glance and examination 0.96

00:52:07.580 so let's start here there's nothing modern about modern monetary theory using the word modern to

00:52:15.580 describe it simply resurrects and masks the classic con how to give a government spending power outside of

00:52:23.900 the will of the people it's done by generating accounting units now this is really important what is an

00:52:30.140 accounting unit an accounting unit an accounting unit is money currency currency you give that accounting

00:52:38.620 unit value by legal declaration it's worth something that's fiat and this is it can only really be

00:52:50.460 maintained by a monopoly through the use of force there are literally dozens of historical examples of

00:52:58.860 governments using their self-granted authority to print fiat currency to pay their bills for example

00:53:07.180 i want you to know all of these have met with financial disaster but here are a few of the most

00:53:13.100 noteworthy the very first paper fiat currency in the world was created by the tang dynasty in china it was

00:53:20.780 during the 17th century a.d merchants were order under ordered under penalty of death that they had to

00:53:29.980 accept this new modern currency in trade for goods and services by 1354 the currency had reached a state

00:53:38.540 of hyperinflation such as marco polo was paid for a single suit of armor from a local lord with 18 chests

00:53:48.780 filled with valueless paper chinese currency in the 18th century france the duke of orleans and scottish

00:53:58.380 economist john law founded the um founded the bank de generale and they issued paper currency to pay off more

00:54:07.660 than three billion dollars in government death uh debt after the death of louis the 14th

00:54:13.260 within five years inflation had reached 23 per month and then 55 per month eventually the

00:54:25.100 hyperinflation had bankrupt the entire country and it led to the french revolution but don't worry about

00:54:31.980 that following world war one weimar germany faced billions in war reparation payments while simultaneously

00:54:40.300 trying to rebuild its own infrastructure they didn't have the money facing the same default versus

00:54:46.700 inflate dilemma they thought you know what we can issue fiat currency germany chose to just print paper

00:54:55.420 currency to repay its debts the result was one million percent hyperinflation the government was uh was

00:55:04.620 printing five trillion dollar mark notes within two years a dozen eggs in germany cost 800 billion marks

00:55:14.780 the resulting economic crash and depression led to the success of the national socialist party because

00:55:20.540 once you have a crash you have the opportunity to go to socialism because socialism promises to pay for

00:55:27.900 everything and in that socialist party was a crazy man called adolf hitler the other examples just to state a few

00:55:38.780 the confederate states of america world war ii france soviet russia eva perone's argentina communist vietnam

00:55:47.100 modern day greece zimbabwe venezuela do we need to go on literally every time the printing press has been

00:55:54.380 used as a means for government to pay for expenses the result has been hyperinflation and eventually a

00:56:01.980 currency default and total financial collapse there are zero let me count them again zero zero historic

00:56:11.980 examples of governments using fiat currency for deficit financing where the fiat currency doesn't end up

00:56:19.660 valued again at zero

00:56:25.580 more in just a second

00:56:36.300 you know when the pioneers settled this country they had to cross west uneven swaths of land and they were

00:56:44.060 doing it in a conestoga wagon um

00:56:47.980 and i and and we have a conestoga wagon

00:56:51.100 we have one sitting in uh our hallway uh in the studio our main atrium 0.96

00:56:56.220 and it's from the 1800s and i look at that every time and i think your butt had to hurt 0.78

00:57:02.300 so much can you imagine crossing the country in one of those things 0.90

00:57:06.300 your back and your butt we live in a world where you don't have to worry about any of that 0.66

00:57:13.260 i have a hard enough time with my own back i'm not riding around in a bumpy prairie all day on a wood 0.98

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00:58:19.260 all right now literally every time the printing press uh has been used as a means for government

00:58:34.700 to pay the expenses and they just print money it always fails so modern monetary theory has nothing

00:58:42.380 to do with money this is really important it has everything to do with currency nothing to do

00:58:49.260 with money this is one of the logical fallacies of mmt it's the belief that governments can create

00:58:57.340 money they cannot they can print currency now aoc bernie elizabeth warren all of them they

00:59:06.220 i think maybe it's time we let them in a little secret that they don't teach on college campuses

00:59:10.220 anymore and i want you all to lean in real close okay squad are you there

00:59:16.220 governments cannot create money governments create currency currency a medium of exchange for

00:59:27.180 financial transactions currency is an accounting unit standing in for real money a unit of currency

00:59:37.820 just represents something that has real value that's what currency is instead of walking around

00:59:45.740 with a bar of gold or a bar of silver in your pocket you have one thin piece of paper it'd be hard

00:59:53.260 if we dealt in bars of gold but that paper represents something what is that well a belief that there is

01:00:05.020 actually something of value backing it up if governments could create real money

01:00:11.180 money that would be quite a magic trick wait a minute isn't that what the alchemists were trying

01:00:19.900 to do create real money create gold out of nothing if we could create real wealth none of us would ever

01:00:30.060 have to work again the problem is is that wealth creation is a process of invention risk application of

01:00:39.100 resources to generate something that has a market value wealth creation is entirely due to the effort

01:00:48.620 invention sacrifice of the people governments are not a component of wealth creation they actually are a

01:00:57.500 wealth destroyer now mmt assumes that all you need for wealth or value to exist is currency

01:01:06.700 isn't that great tell the people tell the people in weimar germany that tell the tell the tell the people in

01:01:14.380 in venezuela you got plenty of money look at that you got a trillion dollar note in your pocket

01:01:21.980 man now if currency is made available they believe people will react to the currency by selling things

01:01:33.020 goods services land and labor to the government but it's only true if the currency that they're

01:01:39.500 provided with is exchangeable for real money something of real value currency only has value as long as

01:01:47.900 people believe it can be exchanged for something of real value the moment that changes the moment the

01:01:54.940 people are like this isn't worth anything currency instantaneously stops being a representative of money

01:02:05.740 so modern monetary theory is not a theory because the theory is an unproven idea against which a process

01:02:15.660 of experience or experiments can test that hypothesis to provide empirical data which prove or disprove the

01:02:24.300 theory once a theory has been tested and it's reliably proven or disproven well then it's not a theory it

01:02:31.260 becomes a scientific or mathematical law that fits this perfectly dozens of countries hyperinflation

01:02:41.180 this isn't a modern monetary theory it's an antiquated currency law

01:02:45.740 life is so busy sometimes between family and your career who has time to you know really do all of

01:02:58.140 the hard work and heavy lifting uh when you have to find a great real estate agent how do you do it

01:03:03.660 how do you have you interviewed the real estate agents what do you ask them how do you know they're

01:03:07.900 good not all real estate agents are cut from the same cloth and i can tell you that because this this

01:03:14.380 company was built out of frustration between myself and my uh and my wife we were so fed up with the

01:03:21.580 process that we decided there's got to be a better way and through you know doing work with other

01:03:28.060 things i happen to find myself in a group of the 500 best real estate agents according to the wall street

01:03:34.620 journal in the country and i started asking them okay what makes you better than the next guy

01:03:39.820 well i found out there are a few really simple things so we put real estate agents to the test

01:03:47.580 all around the country we looked for those things we've put together a list of somebody that can help

01:03:53.420 you sell or buy your new home at real estate agents i trust dot com the best in the country

01:03:59.980 real estate agents i trust dot com christmas stories with glenn beck it's almost sold out in

01:04:05.340 salt lake city december 7th at kingsbury hall just print up some money and get your tickets today

01:04:18.060 i i want to talk to you today about um what you're hearing from the candidates so you can truly

01:04:25.580 understand they are serious about adding 70 trillion dollars of debt or spending to our bottom line over

01:04:34.940 the next 10 years 70 trillion they are also serious about changing our country fundamentally

01:04:45.580 our our bill of rights are the things that the government cannot do they want the things that the

01:04:52.300 government must do for everyone free housing guaranteed jobs uh guaranteed uh access to x y and z

01:05:04.940 free college all of these things well that costs money so how are they going to pay for it well

01:05:11.820 the first thing they're going to do is get rid of this evil capitalist system and then they're going

01:05:15.340 to start taxing people okay well i i just want you to know that's not going to be a smooth transition

01:05:23.340 you start moving away from the free market which elizabeth warren bernie sanders they're all saying it

01:05:30.860 you start moving away from a free market i mean in significant ways under the guise of global warming

01:05:42.060 the entire world is going to go down now it might reset because it's going to be so great when we just

01:05:50.140 when we just are taxing everybody and everybody's working as one such a utopian idea it's going to work

01:05:57.340 this time it will be different but what do they do because you can't raise enough tax money to pay for

01:06:04.780 the 70 million thus the modern monetary theory the theory is you governments don't have to raise taxes

01:06:15.500 they don't all they have to do is print money and it's really really simple you do that and everything

01:06:23.820 is great why even go to the people for taxes man why didn't we think of this why didn't we think of

01:06:31.180 this before so i've been going over it now let me just give you one final nail in the coffin of mmt or

01:06:38.380 as i like to call it antiquated currency law because this is a law you you you it's not a theory we've

01:06:45.740 tried this the world's tried this over and over again beginning with the chinese and ancient china

01:06:51.500 it doesn't work it never works but the final nail should be that it completely disconnects

01:07:01.340 government spending from the will of the people nobody likes taxes but taxes provide a check

01:07:08.220 against a runaway government spending and what they're spending it on if they don't have to come

01:07:14.540 to you do you think we're gonna have a they're gonna have a problem funding things that you don't want

01:07:21.500 now that's the last failure the logical fallacy that mmt advocates in a in a notion of in their

01:07:30.940 notion of things runaway inflation can be mitigated because if inflation starts to get out of control

01:07:37.660 the government can reduce government currency spending and or raise taxes to remove currency from

01:07:44.460 the circulation thereby fighting inflation it is it is not a surprise that it is academics who came up with this

01:07:53.900 because academics have absolutely no connection to the real world their idea is that if printing trillions of

01:08:02.860 dollars in new currency to pay for health care abortions the green new deal guaranteed jobs guaranteed houses free

01:08:10.460 free education results in inflation well the government will just stop paying for those social programs and raise taxes

01:08:20.140 in what kind of bizarro fantasy alternate universe world do these people live in

01:08:26.380 ivory tower crackpots like this are the ones who gave us post-modernist ideas like gender fluidity 1.00

01:08:33.500 and toxic masculinity syndrome but in the real world politicians do not stop paying for social programs

01:08:42.540 why because they're human beings who want to stay in power they definitely don't cut those services while 0.98

01:08:49.100 raising taxes that's the reason why there are no instances of mmt actually working in the real world

01:08:56.220 you don't have to live in a theoretical laboratory where human politicians are replaced by robots and voters

01:09:03.580 completely understand why their health care why their health care gets cut off

01:09:08.620 it's also the reason why academics should never be involved in real world policy making

01:09:15.340 the founders of our nation they knew this they were lawyers they were farmers they were preachers

01:09:21.900 preachers they were soldiers they were inventors they were merchants they'd seen the hyperinflation in france in

01:09:29.980 the 18th century which is why fiat paper currency is strictly prohibited in the constitution

01:09:37.820 money not currency money was legally defined as being gold or silver

01:09:44.860 and this modern monetary theory or sorry the antiquated currency law is among the more obvious

01:09:53.420 asinine and foolhardy ideas to be resurrected in a long long time the germans called it emergency

01:10:00.780 spending in france it was called royal checks in the confederate states it was called independence notes

01:10:08.780 today it's called quantitative easing

01:10:13.580 fortunately we're living in a time where a wave of socialism is looking for ways to pay over 70

01:10:19.740 trillion dollars in new social and environmental programs promised by politicians running against trump in 2020

01:10:27.340 we're so fortunate because maybe just maybe we're going to be able to be the ones to prove mmt wrong again 0.99

01:10:37.820 it's a terrible idea but one looking for politicians stupid and desperate enough to put it in place 0.98

01:10:47.100 against a spending plan that requires unlimited funds they're going to do it unless you're informed 0.99

01:10:56.620 you know what's coming you know what how really this system works you know as we explained on tuesday

01:11:04.940 how much the world is relying on us because this isn't working anywhere else but here and it's barely working here

01:11:14.620 but the rest of these countries all over the world are invested in our stock market and in our treasury bonds

01:11:25.100 if we screw around with our economy and we fundamentally change things in our economy

01:11:33.900 i warn you the world will be plunged into darkness 1.00

01:11:38.460 and may god save us from our own stupidity 1.00

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01:13:33.100 this is the glenbeck program

01:13:41.740 uh stew can do you have any idea what boris johnson did yesterday i i don't follow the the uh

01:13:49.660 i don't understand the parliamentary system at all i think what happens is they have a queen

01:13:54.700 she says oh yes you need to form a government and then all these people get together in a room they

01:14:00.460 yell at each other for a while the one that can either yell the loudest or stand the the yelling

01:14:06.620 the longest becomes prime minister and he's like who wants to yell on my side now it's as if you're

01:14:13.740 reading directly from their constitution as you described that's exactly how it works you know

01:14:18.780 yeah that's that's my basic american understanding of this yesterday he said that he is going to the

01:14:24.780 queen to ask her to disband parliament for a while yeah i mean this happens a lot in parliamentary

01:14:31.980 systems and i don't but i don't i don't like the system as we've discussed before i think america came

01:14:37.180 up with a like we have our issues but it seems like things but the president just can't go you know

01:14:42.860 what we're closing congress down i'm tired of listening to them whine yeah it's like the

01:14:46.380 equivalent of a pop quiz like you walk in and they're like a pop election and all of a sudden

01:14:50.780 everyone has to go back to the polls and come up with a whole new government um so right but he's not

01:14:55.500 he's saying that he's not going for another election he said there won't be another popular vote which is

01:15:00.780 he just wants yeah i know he just wants to uh shut down parliament for a while uh because they're

01:15:08.620 obstructing the people's will uh to get out of uh of um the eu and he said they're just yeah you

01:15:18.540 see all these things sort of happen in our system as well when there's you know politicians will use

01:15:23.660 these sort of weird you know little mechanisms to try to get a larger thing done it seems like the the

01:15:30.780 larger thing boris johnson is trying to get done is there's this october 31st deadline for for the hard

01:15:36.300 brexit and he believes i think correctly that the government is going to try to do everything

01:15:42.940 they can before that deadline to erase it so he's using his parliamentary maneuvers to attempt to

01:15:52.540 essentially put a gap in there where they can't do anything about it uh giving and it's it's totally

01:15:57.980 constitutional for them oh yeah yeah this is totally constant and it has been done before

01:16:02.620 yeah so he's just trying to honor what the actual people of the country said they wanted to do

01:16:10.220 legally and everyone else that seems you know hell-bent on making sure you know they they let

01:16:16.860 the people know that they know better than them and the government knows better that they don't

01:16:21.340 understand what they've done and we're gonna fix it for you give us more time to fix it for you and

01:16:26.060 boris johnson is just saying look you guys voted for this this is what you wanted this is what we all

01:16:30.060 talked about we all knew this was part of the the possibility of this happening and you know if we

01:16:35.180 keep backing up we're you know backing up and backing up and backing up we're never going to get a better

01:16:39.260 deal from the eu so uh you know it may very well be a hard brexit but that is something that was known

01:16:46.700 to be a risk when this vote occurred and will not be as horrific as everyone makes it out to be as it

01:16:52.220 never is wow um coming up we have uh the story of the woman who was dumped uh for ilan omar her

01:17:02.460 husband left her for ilan omar it's an amazing story if we have time i've got to get to the

01:17:07.580 palestinian story yesterday this came out i think like at 7 30 last night and uh all kinds of alerts

01:17:14.460 go off on my uh on my tablet and i'm like what's happening oh it's just that the state department has

01:17:20.300 erased the palestinian authority and palestinian territories from all of our official documents

01:17:26.540 and i i guess maps or whatever i don't know but they've they've just taken all of that stuff off

01:17:33.740 and uh that's kind of creating some concern with the people who are you know with the palestinians

01:17:41.420 that they're like wait what what just happened state department immediately issued said no no

01:17:46.220 this is not a change in our position

01:17:50.700 well you're not recognizing the palestinian authority at all you're not recognizing palestinian

01:17:57.100 territory uh that seems like a change in position because everybody else has been doing that

01:18:05.660 and uh we're going to look into that and what that means that i mean that's one ballsy move one real

01:18:11.660 ballsy move and it speculation is is that they have uh you know we we keep asking them to come to

01:18:21.340 to the table and do a two-state solution and they never ever do it i mean israel offered them a few

01:18:28.220 years ago absolutely everything that they say they were asking for and their own sovereignty okay two-state

01:18:36.060 two-state solution no they don't want that they want a one-state solution and they you know in their

01:18:42.220 charter they talk about that this will only happen when we destroy israel well then okay then you're not

01:18:49.820 dealing honestly so we're not gonna we're not we're gonna call it what it is and it's not your territory

01:18:56.380 they want this talking point too right they want this victim status they want it to exist forever

01:19:01.740 i mean it's a very disingenuous ask and it always is the same thing that happened when they said you

01:19:06.380 know what what we need here is that we need donald trump to come out and denounce white nationalism

01:19:12.620 we need him to do that after the shootings uh in el paso and so the next day he's out there

01:19:17.500 because he's i mean look he's denounced white nationalism several times he comes out and does

01:19:21.340 it again and then it's like well first of all too late too little and and next i mean look at all the

01:19:26.860 other stuff he hasn't done how come he hasn't done anything on guns how come he hasn't done anything

01:19:30.140 on this how come there was never a moment in which they cared if he actually came out and denounced

01:19:35.100 white nationalism that that wasn't part of it it was just what is the next thing we can beg for him to do

01:19:41.020 if he does it we'll just act like we never asked for it it would just act as if it was nothing we'll

01:19:46.380 just move on to our next complaint move the goalposts a little bit further and this is just a strategy

01:19:52.620 that has been well defined by the palestinian authority over a very long period of time

01:19:58.860 i also have a uh a monologue on the opioid crisis and the don draper of the opioid crisis the history of

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01:20:17.100 way uh you know came from germany we're all good scientific things come from uh germany around the

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01:20:41.580 who are truly suffering uh from pain that they just can't live with they're the ones that are going to

01:20:47.420 pay the price for this we have that coming up if if if we have time we just it's sophie's choice today

01:20:54.220 which story gets on the show one of those three for sure when we come back

01:21:05.100 you're listening to glenn beck

01:21:08.220 uh it is the last hour and we've got a great hour lined up for you we're going to start with

01:21:23.820 elon elmar in just a second i want to tell you about um relief factor relief factor really plays a

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01:22:34.300 the fusion of entertainment

01:22:48.780 the fusion of entertainment and enlightenment

01:22:59.660 elanomar elanomar elanomar 0.55

01:23:11.740 why my husband was sleeping with the harlot from minnesota

01:23:19.500 why i just never seen anything like it my husband was being paid lots of money i don't

01:23:28.220 know if it's for his performance because he is rather robust in bed but he professed his love

01:23:38.780 for elan omar that story and what's behind it in one minute

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01:26:15.100 so divorce papers have now been followed uh been filed in washington dc and uh the wife and mom

01:26:27.340 says her political consultant husband left her for representative ilan omar

01:26:34.700 she's a doctor um she says her cheating spouse tim minette told her in april

01:26:40.460 i'm having an affair with a somali-born u.s representative i'm not going to tell you who

01:26:47.420 but she's somali-born she's a u.s representative

01:26:52.380 she's from minnesota and you probably can't figure it out but uh i love her i love her

01:27:01.020 so he told her and then he ditched her what'd you say stew

01:27:05.580 i like your the character that is i've never heard the person speak and i kind of like the way you've

01:27:12.140 made him uh sound i'm sure that's how he sounds why though there's no real reason you're this guy

01:27:19.580 he sounds like the guy who's saying ilan omar in the song which i don't know if that's i don't know

01:27:25.260 that's coincidental i'm in love with ilan omar yeah okay i like it uh so anyway so she's a physician

01:27:33.660 she's 55 uh he's 38 that has nothing to do with it that has nothing to do with it 55 i always wanted

01:27:43.180 i when i was a teenager i said i want to be married to a 55 year old woman uh so it's a dream come true

01:27:50.700 but uh has nothing to do with that mm-hmm so they have a 13 year old son together uh and uh

01:27:59.020 uh uh he works as a left-wing uh democratic supporter he is uh he works now for omar

01:28:07.740 oh yeah i'm working for it uh he works for omar and he also coincidentally worked for keith ellison

01:28:17.420 which is what a coincidence you know seriously so those are you know socialists run in packs

01:28:28.220 and they they pool the same resources uh and if you're allegedly stealing money or allegedly doing

01:28:39.340 something you know on the side i don't know what you're talking about i just love her you have to

01:28:46.460 get creative and you have to make connections without chocobardi sank from the uh what's its uh face the

01:28:55.180 the young turks the young turks the uh genocidal people that killed 1.8 million uh innocent uh 0.97

01:29:01.500 citizens it's a well no the organization named after that yeah okay got it um without without

01:29:07.420 chocobardi sank wouldn't have been able to co-found justice democrats and without those two

01:29:13.180 aoc's boyfriend would have lost out on thousands wait a minute

01:29:17.340 now there are two socialists that i've been keeping my eye on you know one of them is a squad

01:29:24.620 member ilan omar and the other one is the former congressman turned minnesota a minnesota attorney

01:29:30.940 general keith ellison it's kind of creepy uh the number of things they share including oh yeah

01:29:40.540 including omar's new squeeze well i just don't know why you keep referring he is a squeeze though

01:29:50.940 isn't he they've both represented the same district they both had tax problems they both had campaign

01:29:57.340 finance problems i know it's shocking that all these socialists are having tax problems and campaign

01:30:02.620 finance violations because they hate that stuff um we've covered omar's tax and campaign finance

01:30:08.380 problems at length but it's curious how her predecessor keith ellison was busted for exactly

01:30:15.500 the same problems well i mean keith ellison didn't marry his brother that we know of anyway when when

01:30:25.020 ellison was state representative he was busted for having 25 000 in unpaid taxes omar got nailed for

01:30:31.580 filing joint taxes with a man that wasn't her husband her brother ellison just didn't pay any

01:30:36.860 omar was caught using campaign funds for personal use but several years earlier the attorney general

01:30:43.100 now of minnesota the same state now that elan omar ran in sued ellison twice for campaign finance

01:30:50.220 violations they each apparently have the same love in their life they love cheating the irs they they

01:30:57.740 love bending campaign finance laws and they're both in love with the same man tim minette elan omar

01:31:08.380 last week the daily may uh daily mail released the uh video uh of omar is actually a couple of weeks

01:31:16.220 ago exiting the restaurant in california with tim tim minette and they were talking about how they were

01:31:22.780 you know oh they were snuggling and they were rubbing noses like eskimos cultural appropriation

01:31:29.740 they were holding hands they were acting like a couple and it doesn't matter i don't care about any of

01:31:34.700 this i don't care if they want to you know they want to romp like little bunnies let them i don't care 1.00

01:31:42.860 what i do care what i do care is

01:31:50.460 the smoke is covering what i think is the real fire and it isn't the fire love

01:32:01.180 minette has a work history that shows he's a current partner at a progressive strategies company

01:32:07.900 called east street group now what do they do well i don't know if you go and look up progressive

01:32:16.220 strategies and east street group you're going to come to a website that has a single page that tells

01:32:22.380 you nothing it doesn't even have a contact there's no way it doesn't have an email address or a phone

01:32:29.100 number nothing it just says accepting new clients by referral only so in other words you gotta know a guy

01:32:37.020 because i know a guy you know a guy i know a guy he can put you in touch with these guys okay

01:32:45.740 so i don't think he's worried too much about advertising uh you know for new clients because

01:32:50.460 he has hit the mother load with alana mar since alon's already been dinged for campaign finance

01:32:59.260 violations we decided to check out the fec records to find out if there was any unusual activity

01:33:05.420 between omar and minette well omar's campaign has dished out over a quarter of a million dollars

01:33:12.780 over the past 12 months to her new alleged boyfriend right i mean you think i like chicks from 1.00

01:33:20.860 somalia no she's got cash uh-huh now here's the weird thing i mean if that wasn't weird enough

01:33:30.860 he he gets paid in multiple five-figure payments every single month if you look at february of

01:33:40.540 this last year twelve thousand dollars they wrote a check to him on the seventh fifteen thousand on the

01:33:47.900 19th 24 000 on the 21st and the payments include everything from absolutely not vague at all descriptions

01:33:58.220 of consulting to travel expenses

01:34:04.060 24 000 where where are you going the moon

01:34:10.140 now you know maybe my internal clock is a little messed up but but isn't the 2018 election over

01:34:19.500 what should what could she possibly be getting from this guy you don't want to know what could she

01:34:25.900 possibly be getting from this guy where she's writing 250 000 checks

01:34:33.580 is that possible

01:34:36.940 now this year elan omar raised about 1.4 million that means out of everything that she has raised

01:34:47.580 she's given him a quarter of everything usually you know you'll get a bonus or you'll get paid a

01:34:54.940 percentage but it's not 25 percent i could see giving him you know that kind of money if you know he

01:35:05.260 helped raise 10 million dollars but 1.4 the math doesn't end up it doesn't add up and this kind of

01:35:13.500 spending is unusual for congressmen especially freshman congressmen if you look at dan crenshaw his fec

01:35:21.260 filings he hasn't spent more than 1600 for a single payment the entire year there is one entry for fundraising

01:35:31.180 consulting he wrote a check for 130 dollars 130 dollars omar spent a quarter of a million

01:35:44.300 to one guy i'm gonna go out on a limb and say

01:35:50.300 something's weird i mean that's a lot of exotic oils or i don't know i'm just saying quarter of a

01:35:59.420 million dollars now before my net met omar he was employed by keith ellison

01:36:06.460 this is the democratic congressional campaign committee uh labeling my not as ellison's main

01:36:14.940 point of contact and his national finance director now it's really weird that my not when you look at

01:36:22.940 his resume doesn't reference ellison at all you look at his linkedin page no keith ellison no i i have no i

01:36:31.900 he was also while he was the campaign finance director for ellison he was also the head of his

01:36:42.140 own company the minette group and like elan omar ellison pays this guy a lot tim minette was ellison's third

01:36:52.380 highest paid expenditure over the past two years 174 000 in 2018 this seems like a wreck a racket

01:37:04.780 his fec filings look identical to elan omar's nine thousand dollar payments every month going all the

01:37:10.620 way back to 2015 in 2014 ellison paid my not 92 000 and this was during the same period when my net was

01:37:20.300 working for working on ellison's staff so is there a racket going on here with with fundraising consulting

01:37:29.020 is this big business and if it is a racket what's going on

01:37:39.820 there's a lot of money that is changing hands and this money has they've tried to hide

01:37:50.860 this money they put in these um in these uh you know uh what do you call them still those front

01:38:00.780 you know the packs the money came from a pack so you give your money and you're like i want to give

01:38:08.140 elan omar money and then you're like i want to give her even more but the law won't let me so i'm going

01:38:14.940 going to give it to a pack that pack strangely is the one that is paying his salary he works directly

01:38:25.100 for the congresswoman how's that working

01:38:30.780 something is wrong with elan omar something is wrong with keith ellison and tim might not

01:38:38.620 uh i'm sorry i mean he might be okay in bed i don't know but that's not what's causing this love

01:38:48.940 affair there's something deeper oh deeper deeper well we will go there deeper into their love affair

01:39:00.700 to find out what's going on

01:39:12.380 i want to tell you about a guy in our audience his name is bill he's a farmer he was a a member of

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01:40:41.900 pain to get your life back go to relieffactor.com that's relieffactor.com we pause for 10 seconds station id

01:40:51.900 and then you're what was the voice of the guy who i don't know i don't know i'm not your trained little

01:41:17.740 no i i don't perform when you throw me a peanut they don't do it um well uh yeah are you interested

01:41:24.940 in hearing the new update to the biden gaff montage which continually expands at a rate even faster than

01:41:31.820 you and i uh this is a and that is saying something because my waistline is expanding like crazy do we

01:41:40.860 have enough time for this or to make sure we just play a short clip here uh can we get a ruling from the

01:41:45.340 we have time all right let's do the biden gaff montage here here we go and the other thing we

01:41:48.860 should do is we should challenge these students we should challenge students in these schools to

01:41:53.260 have advanced placement programs in these schools we have this notion that somehow if you're poor

01:41:58.220 you cannot do it poor kids are just as bright and just as talented as white kids wealthy kids black 0.97

01:42:05.900 kids i really mean but think how we think about it we choose unity over division we choose science over

01:42:13.180 fiction what else we choose truth over facts and so folks if you're interested join me i could use

01:42:21.020 the hell because we must must defeat this president to change the trajectory of this country when the

01:42:28.860 kids from parkland marched up to and i i i met with them and then they went off to up on the hill when

01:42:33.980 i was vice president they went off the hill to go into those neighborhoods all those congressmen were

01:42:37.980 like no i'm not here i'm not here just like in my generation when i got out of school that uh

01:42:44.460 when bobby kennedy and dr king had been assassinated in the 70s late 70s i got engaged my long time

01:42:52.140 friend and she's a friend she's been my friend in and out of public life there were 40 kids shot in

01:42:57.820 kent state on a beautiful lawn that's a lot and that's for god we should set up a system as i propose

01:43:02.780 which i will put if i'm elected president okay that allows the folks at hh the the folks at health

01:43:09.580 and uh the the health department yeah okay in the united states hhs right huh that's the latest the

01:43:17.100 last this is there we're adding like two of these a day yeah it's getting crazy yeah all of those by

01:43:24.300 the way are just from the last few weeks on the campaign trail yeah we make sure to not include you

01:43:27.980 know the old school stuff that you know oh so well it's getting to the point that where i think you know

01:43:32.220 biden is a was has always been sort of a fun gaffe machine and some of these just are starting to get

01:43:38.140 sad like they're they're right they're really they're making you i never said this about with

01:43:43.900 his gaffe machine i just always thought he's just unhinged it's starting when he's like h yeah

01:43:52.540 health department he just he's sounding sad confused and it's it's kind of hard to watch more in a minute

01:44:03.020 i mean not that hard because it's funny but

01:44:05.900 this is the glenbeck program we've all heard the phrase the rising tide lifts all bolts well in the

01:44:15.820 financial world throughout history even to this day that rising tide is represented by gold gold is a

01:44:23.900 great protection against inflation it is a solid investment that you can sink your teeth into

01:44:29.260 pardon the pardon the pun i i i like to use the example of a suit to explain money

01:44:37.980 as gold and currency as something made up if you were to buy a nice suit in the 1880s you might pay

01:44:46.300 20 bucks where today you walk into a store and you gotta dish out a thousand bucks but a thousand dollars worth of

01:44:54.220 gold in 1888 is the same as a thousand dollars worth of gold today so you could walk in with a

01:45:02.060 twenty dollar gold piece and you could buy a suit you can walk in with a twenty dollar gold piece today

01:45:07.020 and buy a giorgio armani that's on a bull run this year please batten down the hatches consider gold

01:45:15.580 call them now they're waiting for your call at 866 gold line 866 gold line read their important risk

01:45:20.940 information 866 gold line and join glenn this christmas for a special one night event in salt

01:45:26.380 lake city december 7th christmas stories with glenn beck get your tickets at glenn beck.com

01:45:41.420 hey welcome to it we're uh we're glad you're here um we want to talk a little bit about the uh

01:45:46.780 mystery of the space drone i think we're going to have to move the state department removing all

01:45:51.580 mention of palestinian authority and palestinian uh uh occupied lands um probably for tomorrow

01:46:00.940 because i want to first start with what's happening in the polls it's really interesting what's going on

01:46:05.900 today's the last day to qualify to be able to be in the democratic uh the next democratic debate and you

01:46:12.060 have to have 130 000 uh individual donations and you also have to have at least two percent in the

01:46:19.820 polls but they're picking and choosing which polls which is kind of interesting did you know in advance

01:46:25.340 stew did they were they told in advance which polls they had to be good in it does seem like you know

01:46:32.380 they did give you a list of the polls however the list is bizarre and the person who's making the

01:46:38.940 biggest stink about this is tulsi gabbard and she has a really good argument on this uh basically 1.00

01:46:45.100 the way that they have done this is 130 000 individual donors so it has to be individual

01:46:49.900 donors and 14 13 candidates have hit that threshold um all the big ones and then it's kind of the

01:46:56.460 smaller ones like um marianne williamson has hit that uh tom steyer the billionaire who spent a lot

01:47:02.700 of money to get those donations tulsi gabbard you know and people like andrew yang and castro

01:47:07.740 and klobuchar and o'rourke have all hit that so they've hit that you have to hit both uh clear

01:47:13.420 both hurdles though the other one is four polls at two percent or more in either national or early

01:47:20.540 states and they have to be among the approved list of the democrats so gabbard has hit as their campaign

01:47:29.340 says they have hit two percent in 26 different polls in this time period however only two of them

01:47:36.780 have counted so they now 26 is a big number they're throwing out there however they have some really

01:47:43.980 some of them are like internet polls not like unscientific internet internet polls but there's

01:47:48.220 a panel polls and sometimes they they wouldn't be included for good reasons but there have been two

01:47:52.700 polls that she got two percent in um one was uh the boston globe poll which is the newspaper with

01:47:59.820 the largest uh distribution in new hampshire one of the early states and uh the post and courier

01:48:06.860 which is the largest distribution of a newspaper in south carolina another one of the early states

01:48:12.620 both of those polls for unknown reasons are just not okay with the democratic party she hit

01:48:18.140 two percent in both of those polls and would qualify if it was not for this weird restriction

01:48:23.180 there's other i don't think that they i'm not saying that they're changing them to you know get

01:48:28.220 people out intentionally targeting people because i don't know but they don't want her they don't you 0.93

01:48:34.700 know the democrats they do not want her i think that's true i don't think they did it intentionally i

01:48:39.260 think it's just it is incompetence they couldn't have known she was going to hit it in these polls it's

01:48:43.580 just an obvious problem in that she was she's pulled well enough in all these other places 1.00

01:48:48.380 um and you know like for example there are you gov is a polling outfit that does polls in conjunction

01:48:55.180 with various different organizations um one of the you gov polls is included and counts as a qualifying

01:49:03.900 poll however you gov does polls in conjunction with the economist a well-respected publication

01:49:10.860 there's no reason that the poll would be any lower quality well uh those polls don't count and

01:49:16.700 gabbard has hit two percent in two polls done by you gov slash economist but you gov the other you gov

01:49:23.260 poll that is included she didn't get two percent so it was not included so it's really been i mean

01:49:27.740 look it's an imperfect process at some level it's hard to do but uh they have not done a good job as

01:49:33.580 you would expect uh i will tell you this tulsi gabbard is probably maybe one i don't know how

01:49:43.420 many of them i would actually trust but she's at least one that i uh you know we could we could elect

01:49:51.740 her i wouldn't vote for her but if if if she was elected i would be like okay well she doesn't hate 0.98

01:49:57.740 the country and she's not crazy some of her policies are crazy but you know she loves the

01:50:03.340 country she was in the military she doesn't she doesn't believe everything about this country is

01:50:08.620 bad that's that's something that's rare in the democratic party it is very well and and to this

01:50:15.260 point you know as she's needed these polls to qualify for these debates she's been on you know 0.96

01:50:20.300 back serving the country again and not campaigning i know which is pretty it actually made me really

01:50:25.740 like her yeah when she went back to serve for two weeks she had to do a two-week tour of duty

01:50:30.540 and i thought i like that she didn't try to get out of it she you know i don't think that appeals to

01:50:36.460 the democrats but it it speaks volumes about her character yeah i really like the two that are most

01:50:42.780 popular among conservatives in the democratic field are probably gabbard and yang uh they're like

01:50:48.780 yang too and they both have sort of different views i would say than the the typical uh democrat

01:50:55.660 though views that are way outside what i would be comfortable voting for or even coming close

01:51:00.060 to it oh my gosh no but i wouldn't i i would i would at least have some hope that we weren't going

01:51:06.940 to be destroyed by some theory from 1930 you know what i mean right uh you know yang is smart enough to

01:51:14.300 be looking forward uh and uh and everybody else is just like well i don't know what's wrong with

01:51:21.580 stalin right um another part of this glenn it tom steyer who is a billionaire spent all this money

01:51:29.100 trying to get the president impeached built a giant email list then decided to run for president he spent

01:51:34.300 millions of dollars in ads in early states figuring he can hit he can affect the polls most in these

01:51:40.220 smaller states uh bigger bang for the buck and he can get as long as he gets over two percent in the

01:51:46.780 polls in these early state polls he can qualify for the debate the problem is they just haven't

01:51:51.100 released enough of these early state polls so he hit three polls very early but has not been able

01:51:56.140 to get this fourth poll and unless a surprise one comes out before the end of the night he's not going

01:51:59.820 to get in and part of this problem here is that if you're going to say polling is an issue if you're

01:52:05.500 going to make polling one of the qualifying aspects to get into the democratic primary there has to be

01:52:11.500 polls in these early states like nevada is the third state that is going to be voting and there

01:52:17.340 has basically been no good polling that has come out of the state in months and so if you're going to

01:52:22.940 make polling one of the qualifiers you either have to uh you know get your own polls you have to go out

01:52:30.540 there and actually start your own poll and and pay for it so that these polls come out or you have to uh

01:52:37.900 include more of these polls you have to say some more are qualifying um because it really does wind

01:52:43.300 up screwing these candidates at the bottom the big takeaway though from all of this is that it looks

01:52:48.660 like unless something changes at the very last minute that there will be there will only be one

01:52:53.720 debate there will not be the two night thing that we've seen so far there will be one debate for

01:52:57.900 democrats 10 candidates i don't know i mean i'm torn on that one again i don't really care what's good

01:53:02.760 for democrats but also um the other part of it is i think a a debate that was split between 11

01:53:09.020 candidates over two nights you might actually get a little bit more out of like you have a candidate

01:53:13.300 yeah i guess you're right i get yeah i guess you're right on that yeah you're right on that

01:53:17.860 this is too many for one debate um five and one night six on another you might actually get a little

01:53:23.860 bit of substance out of these people instead of just constant uh you know bumper stickers but then

01:53:29.860 again i mean you know very few of them seem to have the ability to talk at any length on these

01:53:34.400 topics they they do seem to be bumper sticker generators uh you know what's interesting is is is

01:53:40.700 is tom's uh what's his name uh sire he is he's more detrimental uh than the coke brothers were 0.98

01:53:51.900 um he's just not known he's as big if not bigger currently than than soros isn't he

01:53:58.940 uh democratic yeah he probably is i mean again the coke brothers i think did a lot of really good 0.99

01:54:03.440 things too and one of them just passed away no i know that but i yeah i mean you know the coke

01:54:07.800 brothers were the you know the most evil presented as evil right right oh yeah and they were they were

01:54:13.580 funding people on the left as well they were not conservatives they aren't conservatives no um and yet

01:54:20.420 they were booed when you know david died uh and people cheered for uh for his death and you know

01:54:29.820 you don't even know the name tom steyer yeah you know most people don't even know he is as big as soros

01:54:37.500 this is unfortunate for tom because he really wants people to know his name now uh he's running for

01:54:42.080 president of the united states so you need to have some recognition he dumped a lot of money i mean

01:54:46.320 you know i i would assume that no uh one in this audience uh put themselves through the torture of

01:54:53.140 ever turning on msnbc but unfortunately it's part of our job and if you go you watch msnbc for 10

01:54:59.040 minutes you'd see at least one or two commercials from tom steyer saying it's time to impeach the

01:55:04.040 president the guy spent 10 you know millions of dollars he says he's going to spend a hundred

01:55:07.740 million dollars of his own money in this campaign to try to win it he has shown up at three and four

01:55:13.320 percent in some of these polls and because of all of his money you have to take him seriously though

01:55:18.920 i don't know that there's really any grounds over if he's not in this one right no i and this is one

01:55:24.860 of the weird things and you'll see this play out i think this debate entry is probably the least

01:55:29.360 important of all of them and the reason for that is the um the third and fourth debate the one that's

01:55:35.220 coming up here in september and then in one and i believe it's in october they have the exact same

01:55:40.360 uh qualification standards so if you have 130 000 donations now you've already cleared the the next

01:55:46.760 debate hurdle and also the the polls that counted for this debate will also count for the next one

01:55:53.000 so if you are at three like tom steyer is he only needs one more before the next deadline to get to

01:55:58.780 four so likely there will be more people in the next debate not less uh so you'll have 10 in this one

01:56:04.400 most likely you'll probably get to 12 13 maybe even 14 uh for the next debate and if you miss this one

01:56:13.260 but you're in the next one i don't know how much that really hurts you as long as you're in one of

01:56:17.420 the two if you're if you're at that point like seth moulton who whose campaign we lost recently glenn

01:56:22.880 where you can't get into any of the debates or mike gravel whose campaign we also sadly tragically lost

01:56:29.660 and i and we lost him before anybody knew who they were i know that's the saddest part you know

01:56:36.380 mike gravel sure his last day in government was the day ronald reagan was inaugurated but why couldn't

01:56:41.700 say it again say it again his last day with a government job was the day ronald reagan was

01:56:47.760 inaugurated uh but yeah sure he should be running was he 12 when he was uh no he's just 89 now

01:56:55.200 so 89 years old and he couldn't catch on he does something it's stunning glenn i think it's ageism i

01:57:04.600 you know what i do i think i think that you know these democrats are such ageists i know they only

01:57:11.080 want someone in their high 70s they will not go into the 80s and that's at least until if unless

01:57:16.180 biden wins and then runs for re-election then they'll be fine with the 80s but as of right now

01:57:20.400 i don't think that this is i mean this sincerely watching joe biden decay in public is sad it's

01:57:30.580 really truly sad yeah uh and uh he i just don't think he's i mean you know they're already saying

01:57:38.700 donald trump we need to have a psychological evaluation joe biden yeah joe biden maybe not

01:57:44.700 today but he is decaying in front of our own eyes and uh that's something that we probably should you

01:57:52.200 know every year just say hey uh yeah have you found yourself walking outside of the white house

01:57:59.220 wondering who you were and why you're in this strange building yeah it's weird i mean yes you

01:58:06.180 see him he looks tired often that's something you never get from donald trump remember trump is in his

01:58:10.680 70s too it's not like trump is i know it's crazy but he never seems like he's tired in public

01:58:15.400 um biden on the other hand is and he seems to be slipping and his style is not conducive to the

01:58:22.500 slipping like if you picture like picture barack obama at 78 years old he's a slow deliberate speaker

01:58:30.040 uh he does a lot of speeches is on prompter all the time that person as you slip a little bit you can

01:58:37.200 kind of get away with it for longer joe biden's kind of an off-the-cuff guy he speaks rapidly

01:58:42.420 he's he's always been gaffe prone but this is more of like he's missing words and sentences

01:58:48.580 he's just can't remember he can't remember things i mean it is sad and i don't i don't know if he's

01:58:54.120 going to be able to pull it off as soon as the democrats say to themselves no longer is he the

01:58:59.280 most electable because we see him slipping he's out that's the problem he'll he'll fall off a cliff if

01:59:04.980 the democrats decide that because i don't think they really like him no they just they'll tolerate

01:59:09.800 him because he was an icon on the left for a while but he's not the new left no uh and they just think

01:59:15.980 he can win it they think yeah the minute they think he can't win uh he's done he's done all right back

01:59:22.800 in just a second um so what is as bad as having to constantly fluff your pillow throughout the night

01:59:29.100 well i can think of a a few things um being hung as a you know a horse thief would be bad uh living

01:59:40.120 next to a nuclear power plant and the plane drive flies into it that would be bad but other than that

01:59:46.060 really you know not much not much it's the worst okay being locked in a refrigerator in the shining

01:59:54.660 uh you know hotel that would also be freaky but but having to fluff your pillow and having a hot

02:00:02.660 pillow all night is the worst except for those things you can get great discounts now on all my

02:00:10.220 pillow products if you go to my pillow.com click on new radio uh listeners specials and you're going

02:00:16.980 to see some amazing offers on their pillows they have the uh the giza sheets which are really really

02:00:23.220 soft uh mattress toppers and so much more for example their body pillow right now is usually

02:00:29.160 about 90 bucks but if you use the promo code beck it's only 29.99 remember all my pillow products

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02:00:55.840 body pillow for 29.99 so enter the promo code beck or call 800-966-3117 800-966-3117 again mypillow.com

02:01:09.800 use the promo code beck right after this uh program in about 10 minutes i'm uh going to be taking phone

02:01:20.940 calls i'm up up at the ranch this week and i just want to talk to you i want to i want to hear from

02:01:25.960 you on how are you feeling about donald trump how are you feeling about the economy um what do you think

02:01:31.780 about the the next election what what is what's what what are you and your friends experiencing

02:01:40.340 right now where is the zeitgeist if you will of the the country um are you feeling the recovery

02:01:49.820 um are you feeling uh a recession in your own life i'd like to hear from you the number is 888-727-BECK

02:02:00.300 888-727-BECK call us right now i was taking phone calls here in you know about 10 minutes from now

02:02:08.120 and i really want to hear from you 888-727-BECK all phones next call us now

02:02:16.860 this is the glenbeck program

02:02:29.600 this is the glenbeck program

02:02:30.800 you

02:02:31.660 this is the glenbeck program

02:02:33.260 this is the glenbeck program

02:02:38.560 this the glenbeck program

02:02:42.300 this is the glenbeck program

02:02:43.520 the glenbeck program

The Glenn Beck Program - August 28, 2019

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

Episode Stats

Summary

Transcript

The Glenn Beck Program - August 28, 2019

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

Episode Stats

Summary

Transcript

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