Best of The Program ｜ Guest： Carol Roth ｜ 10⧸24⧸22
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Summary
In this episode, we discuss the shocking footage of President Joe Biden lying to the American people, the fallout from it, and what it means for the future of the country. We also talk about a new drug that may be able to help you get out of pain and a new way to get relief from pain.
Transcript
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we got a couple of things that uh we're doing today stew is here and it's a monday so you know
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you don't expect the best to be in so stew is here yeah uh and uh i agree with that analysis
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we're gonna talk a little bit about um first of all the 101st airborne going in what happened
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with president z if you didn't see it also we only got to talk about it once today terrifying
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terrifying video of biden i i think just checking out in the middle of uh of an interview you're gonna
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have to be a lot more specific than that glenn well there was another one where he checked out
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where he was being asked about um uh the the bill to be able to or the the executive order to just
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erase student loans yeah people are like hey is joe biden lying is he just incoherent i think my
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worst case scenario is actually they just told him it was a law yeah i think it's possible exactly
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what went through my mind i think it's possible as aiders like yeah no we passed a law passed by
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two votes yeah because he said oh we passed that and it it was close but it passed by two votes
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what like i think him blatantly lying to the american people is the best outcome like that's the best we
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could hope for he's just straight out lying to the american people like that's the best outcome for our
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because if he if he's either so incoherent or he's actually having his aides lie to him and he thinks
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that's what occurred all of these are much more disturbing than him just being a liar which we
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already know he is we also went in to try to understand exactly how is this working all of
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these policies seem kind of anti-human um between abortion climate change all of them and joe biden
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is doubling down saying climate change is the most important thing why well we did a little google
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search uh of abortion and inflation we give you the results today it's remarkable and stew talks about
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what's happening in china again remarkable on that so much so much you don't want to miss a second of
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today's show yeah by the way subscribe if you're listening to the podcast right now of course we
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appreciate that rate and review five stars is the appropriate number of stars i will say in the
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china thing too we had additional uh stuff on that some of the documentation the background of it you
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can get on the studios america podcast as well if you subscribe it was last thursday's program all
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right if you're one of the millions of americans who suffer every day from pain listen up listen up
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you can get out of pain there is something that may be able to help you i don't want to say it will
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but 70 of the people who try it go on to order more i didn't think this stuff would work for me
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because it's natural you know it's got i don't know tree bark in there whatever i don't know if
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it's tree bark stuff that never works for me and ibuprofen doesn't work for me nothing so i tried this
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not expecting it to work in three weeks i was like i don't think this is working i stopped taking it and
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all of the pain came back oh boy it was helping then and even more so now 70 of the people who
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try it go on order more drug-free natural way to get your life back relieffactor.com that's
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okay let's um let's by the way hello stew uh let's let's start with this now stew has not seen
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the uh video uh he has only seen he's only heard the audio and i urge you if you happen to be
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watching us on blaze tv to quick look at your screen during this clip otherwise uh listen to it
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and find it sometime today because this is truly remarkable cut for joe biden i have not made that
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formal decision but it's my intention my intention to run again and we have time to make that decision
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mr president oh dr biden thinks that uh my wife thinks that uh
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that i uh that we're that we're doing something very important
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holy okay now that could have been edited out yeah that's a probably a at least a two camera shoot
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maybe a three camera shoot for the president and they could have easily edited that out nbc did not
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the interview had to go uh mr president so i think it was probably edited a little tighter
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yeah i was gonna say the the the pause visually seeing it you see him sort of slump over and look
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like he's falling asleep yeah where the pause in length when you don't see it doesn't seem that
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doesn't seem as long as it would take for a person to say mr president right well it's only like why
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did he jump in at that point why didn't right you know maybe he was being pensive and i still think
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that it is too short um i still think that that it was edited yeah because they cut they cut the shot
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right when that happens correct but i i think almost more disturbing is what happens after
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yeah he he doesn't know what he's talking about i mean what how is there any other way to explain
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this the only other thing i can think of just watching it is maybe jill biden is
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is vocally opposed no stop it to him running stop no i'm serious like yeah like not a chance i don't
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think so either but like it almost he almost answers it as if jill is like jill wants to murder me
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right she knows i'm completely senile she doesn't want me to run again right but i want to uh-huh um
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okay let me give you a first of all this what should frighten you is that nbc ran that that's clear
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and could have been edited out that is something that i think somebody in the in the editor position
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went guys we have to leave that in i bet you there was discussion on that just take that out
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no guys i'm telling you we need to leave that in we have to at least we can't say anything but
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at least tip off a little bit there's problems here because there's not a real reason to to leave in
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the the idea of whether jill thinks it's like like that's not a vital news story they left that in
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because they wanted people to see it yes like that's terrifying okay now i'm going to give you
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a prediction and then i'm going to play the audio that will will verify that what i'm saying is
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coming is coming um this remember democrats always have a always put republicans and people against you
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know the marxist in a lose-lose every time winning isn't really winning because they've already
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planned on losing you know so both ways no matter way how it turns out they win the republicans i
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believe are going to uh sweep this election i think they're going to do i think it's going to be pretty
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dramatic i could be wrong but it could it could be pretty dramatic and any way you cut it republicans
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are going to be in control i think of both houses but definitely the house if they even get the house
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that will slow down everything in washington nothing's going to be passed nothing's going
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to be passed um with this administration if they get the house and the senate the same thing will be
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true what's going to be said over the next two years mark my words they have denied this entire time
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that we're in a recession they've denied that inflation was even happening once the gop takes
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congress all you're going to hear about is how the congress and the republicans have destroyed the
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economy and they will begin to highlight it and you will see it on television everywhere just i you know
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we should have this and just clip this part and we just play it at the top of the hour in about a year or so
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just saying hey remember how bad it was before and they were denying that there was ever a problem
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what you're hearing right now on on radio and television it's all still a lie it was headed towards
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the bottom before the election here's joe biden let's go cut six please republican leadership in
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congress has made it clear they will crash the economy next year by threatening the full faith
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and credit of the united states stop for the they will crash the economy
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huh that's funny because that's what i think uh the biden administration is doing
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uh right now now let me give you a couple of other things that's that's a big one i mean he he's
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quite clearly telling you he knows this is going to happen yeah they're going to i'm telling you now
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no joke uh they're going to crash the economy mark my words mark my words they will blame it you
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have to have to be clear-minded and know it right now um
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let me give you one more and then i'm going to give you a uh
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i'm going to give a lineup of some things that are that are coming our way that you have to be
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aware of okay first another very disturbing video this one was bone chilling to me president z
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kicked president who out of the chinese congress if you will these are all of the party leaders
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and in the middle all of a sudden two guys come right next to president z and they grab president
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who right after the vote went down to make president z kind of pretty much a dictator for life
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and uh president who is sitting there and all of a sudden these two guys come and they try to get
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president who out of his chair and he's like what's what's going on it's disturbing if you watch it can
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we can we play it while i'm while i'm describing it so they grab him and no one notice no one is
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turning around no one is looking okay and uh he's standing there and he's fighting he's like i'm not
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going with you i'm not going with you they're like just come on with us come on with us he's resisting
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he finally grabs on to president z president z doesn't even really look at him just says something
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and notice not a single soul is looking at him as he leaves not one not one the guy has been
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disappeared but he was disappeared the minute those two guys came to him it was like he was invisible
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no one even looked at him president z is sending a message not only to chinese but also to the world
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i have complete power and i don't care what you say or what you do i don't even have to hide it
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now he did say the chinese press did say president who was feeling really poorly and needed to be
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escorted out he didn't know though he didn't know he was feeling no he didn't know and it was nothing
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that a bullet to the head wouldn't cure he's feeling much much better now okay one more story and then
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i'm going to tell you how it all fits together the 101st airborne division has just arrived in europe
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to support the nato allies this is the first deployment of the 101st airborne in europe
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since world war ii let me say it is the first time they've been deployed to europe since world war
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two okay all righty then by the way uh in uh in vladimir putin's uh russia dissent is now treason
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just want you to want you to know so you if you dissent now on war it's treason you're going to
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prison that's good that's good that's good news all right let me explain what's let me explain what's
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happening what's coming the biden administration and the treasury and the federal reserve uh places like
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black rock all the big institutions with the great reset they have all positioned us into a place to
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where um we are extraordinarily vulnerable economically extraordinarily vulnerable so you know they've done
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this they've done this all because um uh because of climate change they say just so you know the
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california wildfires have canceled out nearly two decades of emission reductions 20 years of emission
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reductions gone because of the california wildfires so you know uh there there is uh
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a lot of predictions out but one i saw this morning um from pc mag it said one of the predictions is by 2025
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without sustainable ai practices ai will consume more energy than the average european country
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offsetting any environmental gains that i ai creates by 25 percent so the world needs
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more energy not less energy and anything that we're doing and saying we've got to stop driving to see
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grandmother that's not going to make any difference in fact it's already been wiped out and then i take
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you to the cnn story where they are blaming our pets now for climate change impacts and thus our dogs
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cnn our dogs now have to start eating insects for dog food okay this is where we're headed
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they have put us into this place not for climate change but to change the way that the world interacts
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with itself and who makes the money and who has real control the only way you can get to
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a world where no one owns anything and they'll like it that's that is from the world economic forum by 2030
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you will own nothing and like it how do you make that happen how do you make that happen well you can
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take some money away you can make laws that make it flitter away but if you're living in a
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constitutional republic you can't get everybody down to zero what you can do however is destroy wealth
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you can destroy all of it and with your governmental policies you can shift that wealth put it back into
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the banks which is also putting it back into the hands of the united states government because the united
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states government owns most of your mortgages america did you know that
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so they've put us in this situation to where we're we're on the verge of an economic collapse
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biden is going to start blaming the gop so let me give you a quick story of what's coming
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and i don't know in what order so i'll put the election first but election chaos in the streets war
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economic woes deepen dramatically to the point if not past the point of collapse
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when these things happen voices like mine like others will be censored we will not be able to tell you
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really truly what's going on because we will be fomenting panic and trouble
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that's what's coming in your next year i think and if you are prepared for it you will know and here's how
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you prepare for it we live in different times we are in a very dark period globally
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i would ask that you would join me in this i'm really against all killing of any kind any person any
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organization any name any nation including all wars
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i refuse to play the apocalypse game even if even if satan himself has taken the souls of every russian
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and set them against all the christians and i'm not ruling that out i do not believe my god wants me
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to murder them all this is a war not against flesh and blood this is his war not ours and i don't want
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my kids in it i don't want my friends in the world's war i don't want anyone in it and i won't support the
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world's war in any way i don't like paying for it either but
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i'm also i'm also leaning towards being against the death penalty now because i think they're going
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to find some way to think people like me need the death penalty too so until we get out of this really
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dark period i'm okay i'm against that now does that mean i won't defend my family against a violent
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threat if it comes to my house oh no no no no it doesn't as the constitution prescribes if a family
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member of mine is in danger you come to take my children into danger yeah i'll defend my children
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for what is coming our way it is already have you seen our have you seen what's happening in our
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cities right now have you seen that the death homicide rates surging in major cities run by soros
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back da's st louis 19 these are these are uh homicide cases per 100 000 residents july through
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september 19 kansas city 14 detroit 13 baltimore 12 new orleans 10 milwaukee 10 are you kidding me
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shootings in chicago this weekend 52 shot 11 fatally shot violence and the thirst for blood
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and man's love for man is waxing ice cold don't get caught up in it stay true stay focused stay calm
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it's almost as if the democrats have a different goal and it
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i almost spit out my drink as you said that yes it almost is that way it almost feels that way i don't
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know what it could be right well let me tie a couple of things together um do you remember when stacy abrams
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a couple of weeks ago said something incredible about inflation listen uh i would assume maybe
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incorrectly but while abortion is an issue it nowhere reaches the level of interest of voters
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in terms of the cost of gas food bread milk things like that what can a governor what could
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you do as governor to alleviate the concerns of georgia voters about those livability daily hourly
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issues that they're confronted with but let's be clear having children is why you're worried about
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your price for gas it's why you're concerned about how much food cost for women this is not a reductive
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issue you can't divorce being forced to carry an unwanted pregnancy from the economic realities of
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having a child okay stop now maybe i'm old-fashioned but i never thought i would ever hear an american
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political party declare the answer to inflation is to kill your kids i mean
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now what she's saying abort your way to prosperity right now if you want to understand that i want to
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play something that was said this weekend from president biden cut three the biggest thing is though that
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that we have to change what we are those things that are affect the environment okay i barely understood
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that but he was saying the main priority here is the environment and climate change okay now how does that
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explain what stacy abrams said i'm about to give you a decoder ring so jason
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lead researcher on my staff when he heard uh stacy abrams say that he decided to google two words
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inflation and abortion let's just roll the dice let's see what's happening you wouldn't believe what google
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pumped out activities relevant to the study of population policy for the united states
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you see long before the cult of climate change and before there was the uh the global warming there
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was global cooling but before there was global cooling there was the population bomb
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okay this is about you know early 1960s progressives were all on board with the cult of population control
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this is american eugenicists okay they were respected by progressives and tyrants all over the world
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these were the guys back in those days in the early 60s these were the same guys that had come from
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germany that were doing all kinds of experiments and they were respected for their their knowledge
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so we started to read the memo and i i think it reads like a script from a horror movie but it reveals
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what the left truly stands for whether they remember their origins or not i'm gonna just give you this
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memo and i i the first part is directly from the first page and i want to quote it exactly this memorandum
00:24:29.600
is responsive to your letter january 4th seeking ideas on necessary and useful activities relevant to the
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formation of population policy defined as legislative measures administrative programs and other
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governmental actions that are designed to alter population trends so right off the bat kind of makes
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you wonder i mean it was the abortion thing really was that about women's rights or was it about some
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post-apocalyptic strategy to control population well it appears that at the time they blamed american
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families but not all families just families they wanted control of okay look at the listen to this quote
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justify an explicit u.s policy now of encouraging a specific universal limit on family sized as distinguished from
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proposals aimed selectively at welfare recipients and racial groups wow so listen to this the minorities the
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poor that's who they were targeting the people on the left claim to care about the poor and minorities
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kind of makes you wonder about lbgs uh lbj's great society right and his war on poverty makes you wonder why
00:25:50.880
the real effects of ensuing massive welfare state ended up making people poorer and breaking up families
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and those families those mothers being single now having to have abortions wow the memo goes on to mention a
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mass wave of contraceptive handouts was the preferred method but that's the part i find interesting quote
00:26:13.920
effective conference uh contraception is efficiently distributed
00:26:21.120
to all those who want it and if abortion is available on demand as a backup measure
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so abortion on demand was not even their their main plan it was the backup plan
00:26:34.960
but i thought it was about women's rights now here's where we get to the stacy abrams weird comment about inflation and abortion
00:26:43.040
it references inflation as something that goes hand in hand of full employment and thus to accept
00:26:52.160
relatively high or at least not preventable unemployment levels as necessary yet more women enter the labor
00:27:00.080
market under conditions of full employment and the relationship between employment of women and lower fertility
00:27:06.960
seems well established an examination is needed of in effect the question of how much inflation could
00:27:13.440
or should we risk to achieve lower fertility let me unpack that here for one they wanted women in the
00:27:23.200
workforce not for equal opportunity but because as it says in this uh study women tend not to have so many
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and they thought that all of the women uh getting jobs might spike inflation which it did the price of housing
00:27:46.880
doubled you had two incomes now so everything doubled
00:27:52.240
so they figured we have to measure this the party of virtue the memo comes up with an attachment
00:27:58.880
that listed other proposed measures by population control experts now it never said that these were
00:28:05.280
actual plans by planned parenthood these are other proposals that they included restructure the family
00:28:12.960
postpone or avoid marriage alter the image of the ideal family compulsory education of children
00:28:22.480
encourage increased homosexuality educate for family limitation fertility control agents in the water supply
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encourage women to work now these are a few and they get nuttier and nuttier
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now i'm not saying a planned parenthood plan to do any of this but it shows
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to what links the academics were willing to go fertility control agents in the water
00:28:48.080
how many democratic flag bearer issues can you find in this memo compulsory education of children
00:28:58.960
how many of us have wondered why they are claiming their kids as or our kids as their kids
00:29:08.080
and they will they do not want you and we excuse it saying well they don't want to you know because
00:29:13.840
the unions the unions the unions are blocking it because then they'll lose the jobs is it is it that
00:29:18.880
why are they ramming sexually explicit comprehensive sexuality education into our school
00:29:25.360
is it encouraged increase encourage increased homosexuality
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because that's what it seems like the lgbtq two plus i lobby is is fighting they want more homosexuals it's not
00:29:43.520
you want you want rights you got okay you got rights you won that why are why the hyper
00:29:50.000
sexualizing of kids and exposing them to drag queens and schools and libraries why
00:29:58.720
educate for family limitation who's wondered why they've destroyed they they've shouted destroy the nuclear
00:30:06.160
family encourage women to work isn't workplace gender discrimination illegal so what's the fight
00:30:16.080
really about there regarding the education they keep referencing both kids and families check out this
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quote from the full memo quote in this area it seems particularly important to distinguish between
00:30:29.520
education and indoctrination whatever may be the merits and effectiveness of truly a truly educational
00:30:38.080
effort an indoctrination campaign may well have the only negligible effects on fertility values but may
00:30:48.240
provide unintended support in building public opinion which seeks legalized compulsory fertility control for
00:30:57.120
selected groups and i'm quoting particularly welfare recipients
00:31:13.440
indoctrination they admit has its bonuses especially on poor people
00:31:19.680
google google the words until they change the algorithm google the words abortion and inflation
00:31:35.040
so when i played cut three from biden play it again please the biggest thing is though that
00:31:42.160
that we have to change what we are those things that are affect the environment okay have you noticed
00:31:54.800
that the policies that they are pushing put the environment over people right now common sense would say
00:32:03.840
we're about to go to war with russia we must have oil
00:32:12.480
we've got to open up oil fields and pumping and gas lines you've got people that are going to freeze to death
00:32:23.360
in germany and all over europe and they won't open up and full power their nuclear power plants
00:32:36.480
it's almost like it's malthusian it's anti-human
00:32:44.880
yeah not a lot has changed not a lot has changed this is planned parenthood in the 1970s
00:32:54.080
this is what they were saying behind closed doors
00:33:01.440
good heavens what are they saying behind closed doors now
00:33:05.600
you know when you look at what they're talking about for the environment
00:33:13.280
this is this is what they said when i was growing up except it was global cooling
00:33:17.280
then later it became global warming then when it was cooling and warming they were like oh it's
00:33:22.800
global climate change but they told us in the 60s and remember the nancy pelosis of the world
00:33:32.640
grew up with this ideology that you've got to control the population there are just too many people
00:33:39.680
people even my age don't really remember the population bomb as people in the next generation
00:33:47.760
do that was a big part of their life it's very pervasive still to this day yes i'll never forget
00:33:55.120
you doing an interview with um william shatner do you remember this yes i do and it was a really good
00:34:02.160
interview you guys had a great conversation he was funny you know you guys had a good chemistry it was
00:34:07.760
great and at one point he just kind of blurts out in the middle of the conversation that like we have
00:34:15.440
to stop the population from growing and goes into this really malthusian sort of rant that obviously
00:34:21.760
was very central to his belief system oh yeah you know it wasn't just a flippant thing no and he kind
00:34:27.600
of expected you to just go yeah i know there's just way too many people and you did not uh i kind
00:34:34.320
of feel like that's the opposite of our goal and maybe this is why i feel so you know passionately
00:34:39.360
about life as i know you do and why the other side is so for taking innocent life before it's born
00:34:46.880
this idea that like i my goal is not to limit the amount of people on in this on this globe like i
00:34:53.920
think it's a really good thing that we have a lot a lot more people that more people are surviving
00:34:58.480
longer that people continue to be born like i mean these are weird things to feel like you need to
00:35:04.000
say out loud but it is a major point of disagreement between the two arguments that we have in this in
00:35:10.320
this world politically i want more people to be alive i want crazy that's crazy more and you know this
00:35:22.000
this happened in world war one too they actually talked about reducing the surplus population uh
00:35:29.680
with world war one world war one it's going to kill some people it's going to really kill
00:35:33.680
it's going to kill all the right people the people we want to be killed you know all those you know
00:35:38.720
suffering in poverty and and those undesirables they're the ones that are going to get killed
00:35:44.400
not our elite families uh and this this idea of population control has been around for a long
00:35:53.680
time me because i believe the soul is sacred and i believe the soul it's not like somebody's just
00:36:00.560
printing up soul after soul they each come unique you know this if you have children each of your
00:36:07.440
children come out with their own personality okay and i believe that those souls are sacred and need
00:36:15.920
a body and we're gonna we should do it and we'll figure out a way to deal with it and that might be
00:36:22.560
eventually colonizing another planet it may be but i i don't know i have this weird optimism that you
00:36:29.040
know the world will provide like this is there's a plan here i know it's crazy but like i think the
00:36:35.840
world can provide for the amount of people we have on it and you know what it seems like every
00:36:39.840
single time there's an increase in people we wind up coming up with really amazing innovations to do
00:36:45.840
much much more for so many more people unless it's incredible unless society is controlled by
00:36:54.000
a big government those who want less people yes and it is always that way big governments always end up
00:37:02.640
in the hands of people who want less people this is the best of the glenn beck program
00:37:12.320
carol please tell me there's there's i'm reading too much into this please tell me please tell me
00:37:19.600
so this has been a little bit of a nancy drew mystery for me glenn i saw this uh bloomberg piece
00:37:25.760
as well and it was a little bit of a head scratcher so i'm going to take you through some of the things
00:37:30.480
that i found and hopefully we can piece this together okay this is really weird because i i
00:37:35.920
mean i went to some really big brains that know this kind of stuff no one had an answer for me okay
00:37:42.480
so i think so i'm going to wrap it in a bow first and then i'm going to walk it back but i think this
00:37:47.200
is the short-term trader mindset versus people who have a long-term view on the world so this is
00:37:55.840
short-termism versus long-termism so the first thing that we have to understand the first thing
00:38:01.920
i did is went oh my gosh all of this gold is flowing east or where is it coming from so is
00:38:08.640
our central bank that dumb that they're selling gold so i pulled up a chart of central banks and
00:38:15.600
central banks have actually been net buyers of gold for most of the year since april which is the same
00:38:22.480
time period as the chart that's april to august they have pretty much everybody is a purchaser
00:38:28.240
of gold there's almost you know just including us a little bit of selling every central bank in the
00:38:33.200
world which means that we're even if we're not purchasing it we're not selling any there's almost
00:38:37.600
no net sales so that means our central bank isn't the one that's selling this so we'll take that off the
00:38:42.880
table do you is this here's what i couldn't figure out either is the treasury the same as the central
00:38:49.600
bank does a central bank have all of the treasury's gold so so they're probably not but let me walk
00:39:00.160
through where i think this is coming okay all right so the second piece i went to is the consumer markets
00:39:06.560
and consumers seeing what's going on with inflation understanding that our recessions here and that
00:39:14.080
is going to get worse next year have also been buying and by the way we can't supply them so both
00:39:21.680
here in the u.s as well particularly in the east much more in the east there's been an additional
00:39:27.040
premium and so i'm going what's going on here what you have to understand about the market for golds
00:39:33.520
is that the prices for the gold that you when you call gold line to buy your gold like you and i do
00:39:39.520
glenn you're buying physical gold but that price isn't being set by the supply and demand of you and
00:39:45.760
i buying it it's being set by the futures market by these traders who are trading contracts and all the
00:39:54.400
all of these derivative products the options the futures they are so much larger than the underlying
00:40:02.080
product and yes if this sounds like a familiar story it is one but the at the research estimates put
00:40:08.720
the side of these futures market at 200 to 300 trillion dollars of value being traded when the
00:40:17.680
underlying supply of gold the underlying supply of gold is like 11 to 12 trillion dollars this is why i
00:40:24.880
say all the time don't buy paper gold don't do it don't do it you will be worthless in the end
00:40:32.640
exactly so let me tell you what's happening so these traders are looking just not at what's happening in
00:40:38.480
terms of the physical supply and demand but they're looking at you know little blips on their screen
00:40:43.680
and they're saying oh well historically when we have a strong dollar that means that's not good for
00:40:49.680
gold so we should probably get out of it as the fed tightens their monetary policy they have gotten to
00:40:54.960
the point where they these crazy traders are actually net short on gold meaning that they have sold more than
00:41:03.600
they have and this is only the third time since 2014 that this has happened it's happened in 2015
00:41:10.880
it happened in 2018 and what my researchers have told me is both of those times as you can imagine when
00:41:17.440
you have all of these shorts out there but this crazy macroeconomic environment it is prime for a short
00:41:23.360
squeeze and that has set major floors and there has been huge rallies in gold so once again we have the
00:41:29.600
financialization of a product a product that is very important to us um you know being bastardized by
00:41:37.680
wall street and what happens in china and india and other parts of asia is that they're smart they go
00:41:45.920
well the price is falling we should load up on it buy low sell high so they actually create a floor for
00:41:53.360
the the price of gold because they know they can get it at cheaper prices than it's actually worth and
00:41:59.040
so they go in and they load up on it and that's the tenor of what has been happening here which is
00:42:05.120
just complete insanity so my speculation it's that institutional investors gold that is flowing
00:42:13.200
because these traders are you know doing the same thing that the traders always do they're being short
00:42:18.240
term grubby greedy and not looking at the bigger macro environment but then that means that we're
00:42:22.720
doing that then we as a nation are are are we're going to be the opposite of the big short
00:42:30.480
right we're we're selling when we should be buying so the good news is our central bank um our country
00:42:38.880
has and again this is if this is true right so i'm just going to report what's being reported i can't i
00:42:44.640
did not go to fort knox and verify that the gold is actually there but we actually have the most gold
00:42:50.960
in the world by a country i don't know if i believe that but they say they say that is 85 or 84
00:42:58.720
8100 tons tons tons how much is that worth i knew you were going to ask me that question and it was
00:43:06.000
monday and my calculator wasn't big enough so try it it's a lot because i i look at it and i think it's
00:43:13.040
it's it's in the two or three digit trillions give me the number one more time it is uh 8100 tons
00:43:18.720
8100 tons which is 32 about 32 000 ounces per ton okay 32 000 ounces per ton yeah and gold is
00:43:26.640
trading at about 1700 an ounce right so how much is if they say we have this to me it makes no sense
00:43:34.560
but 1700 an ounce you said correct okay yeah it's a big number uh yeah go ahead try to figure it out i
00:43:42.480
know hold on uh okay here we go this is a lot for a monday guys uh 440 billion dollars plus no no
00:43:50.400
no billion it's got to be more it's got to be higher than that it's higher than that yeah it's
00:43:53.920
got to be trillion you said 32 000 you see i mean i'm going by your numbers here 32 000 ounces yep per
00:44:00.560
times 8 32 000 times 8 100 times 1700 times 1700 right so i'll do it again uh 30 8 100 times 32 000
00:44:12.480
times 1700 is let's see yeah okay yeah 440 billion now so again i think maybe you're is you're you sure
00:44:21.600
about that number of 32 000 ounces per i don't know i will look at i will look it up low yeah that's
00:44:27.920
that's that's way too low it's got to be in the trillions it's got to be in the trillions
00:44:33.200
it's it's probably somewhere i would say between 440 billion and a trillion dollars i don't i don't
00:44:39.840
know from just from the because again like you said it's it's just the central bank piece of it but
00:44:43.680
at any rate wow the u.s the u.s has more than um you know any other individual country the eurozone
00:44:50.720
as a group actually has more than the u.s and on a you know sort of tons to gdp you know
00:44:57.760
value standpoint um you know we are you know we are we are not quite at our gdp but we're in a sort
00:45:04.480
of good position um the only ones that are really stacking up via their gdp is the eurozone and russia
00:45:10.800
and now china is starting to continue to add to that so um you know it's it's a very strange situation
00:45:19.600
and it's also a strange situation glenn if you think about the fact that the traders are doing this
00:45:24.240
based on quote unquote dollar strength because they are looking at the dollar's strength versus
00:45:30.880
other currencies but they are not looking at the dollar's lack of strength at home the dollar is
00:45:35.600
not strong when you go to buy your groceries or you go to pay your rent or you go to heat your house
00:45:40.640
and so that is the challenge that is what we are when we go and we buy physical gold that's one of the
00:45:45.920
things that we are protecting against this continued debasement and the value of the dollar
00:45:50.960
so there really is a setup here potentially for you know some sort of a squeeze or even the collapse
00:45:57.680
at some point here of the paper gold market which means then eventually things would change to going
00:46:03.680
off the the actual spot price the the supply and demand which is how this should be based to start okay
00:46:10.320
so i should not be worried that bloomberg's headline is gold's great migration sends bullion rushing east
00:46:19.920
no i think you should be worried and i think the reason that you should be worried is because the
00:46:25.200
people in asia are taking a long-term view and the people in the west are not and that is going
00:46:32.720
to come back to bite us and by the way usually this ends up flowing back when the price goes high
00:46:37.200
in the past it is flowed back you know because of course we're going to buy it at the higher
00:46:41.200
plate right which is so stupid which makes no sense but the people i'm talking to who really
00:46:46.640
know this stuff say not this time this is we're in a new financial world order something is going
00:46:52.640
to shift here and so don't expect that flow to come back the other way wow one last thing uh with
00:46:59.040
you carol and i appreciate your work on this because i i couldn't i couldn't make heads or tails of this
00:47:03.760
um and our gold situation is so not transparent in america um it's a travesty it really is something
00:47:12.800
needs to change with this market it does um the um uh the other question is we just sent the 101st
00:47:19.040
airborne uh over to support nato uh the pentagon said this weekend we are ready to we're ready to go
00:47:26.640
to war if we have to go to war with uh russia and ukraine what what does war mean to our economy
00:47:34.640
if if it starts with russia i mean you know there's obviously a bunch of layers of different
00:47:42.320
scenarios depending on how bad it is um certainly the defense sector will be doing very well um and
00:47:49.360
it's just a question of you know how much since it's being fought over there you know how much of
00:47:53.360
what we're doing ends up being disrupted or does it end up being something that looks more like the
00:47:58.560
recent wars that we've had and you know afghanistan and and the like so i think it really depends on
00:48:04.080
the scope but certainly you know if we get into a big escalation here um and this you know becomes
00:48:11.120
something that is like a a world war a true world war uh i think we can all you know pretty much not
00:48:18.640
take a big leap of faith to guess that that is not going to be a good sign for our economy particularly
00:48:25.040
at the time when the economy is breaking down and the federal reserve has been taking steps
00:48:30.560
to damage the economy to do that quote unquote demand destruction to create higher unemployment
00:48:36.960
all of those things um you know not that there's ever a good time for war but it will just exacerbate
00:48:43.680
those issues okay um i would love you to look into something else um right now biden is saying the
00:48:50.800
gop is going to collapse the economy what he's what he's saying is they're going to shut down the
00:48:55.280
government but that is a lie you can shut the government down pay your bills and not go uh defunct
00:49:04.400
can you i would i would love them just i mean that's the best thing ever when they shut down the
00:49:08.960
government then they can't spend any money right uh he is basically setting this up because he knows
00:49:14.240
that the republicans have a strong chance here and he knows that the economy is going into a
00:49:19.280
worse position so he's basically setting up the blame for the things that he has created he's
00:49:24.000
already pinning it on what is going to happen right i'd like you to look into how the government
00:49:28.800
actually pays its bills and you don't you don't go into default if you're a nation um if you if you
00:49:36.800
shut down there are ways to do it so you don't go into default so we can stop and we can and we can
00:49:42.400
bust this um you know i have this great deficit myth when you have a 1.4 trillion dollar deficit on
00:49:48.800
40 percent more spending would love would love to chat about that yeah okay good thank you very
00:49:53.200
much carol we'll have you on maybe later this week we'll cover both of those things uh that's
00:49:57.040
great that's carol roth you can uh you can follow carol uh at at carol roth uh carol roth dot com
00:50:04.800
slash glenn is uh where you'll be taken to her page uh where you'll find all the information she does with
00:50:10.480
us carol roth dot com slash glenn at any point i am willing to commit okay the idea that 80 100
00:50:19.440
times 32 000 times 1700 is 440 billion plus it does not seem like enough does it i does it i don't
00:50:27.040
know i mean i know i mean i know the math the math is the math but i kept i kept looking at that and i
00:50:32.400
was i wasn't i don't know what you're saying what do you mean you're driving in the car and doing this
00:50:37.840
and no i would not me wait but i hmm but i kept looking the number and i'm like i i can't even
00:50:44.640
that how many how many digits is that i i anyway you shouldn't be looking at the number while you're