Best of the Program | Guest: Matt Schlapp | 2⧸14⧸22
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Summary
Today on the program, we discuss how Trudeau is handling the trucker protest in Canada, why the stock market is on pace to surpass $1trillion in new money this year and where is this money coming from?
Transcript
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welcome to the glenn beck podcast today on the program we discussed how trudeau is handling the
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canadian trucker protest here's a uh a quick peek inside of that discussion he didn't handle it well
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uh glenn is spreading the word about esg in idaho we talked about uh joe biden and ukraine
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and what's happening there and is an invasion imminent we also have bj dichter matt schlapp
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and dave isay joining the program all this and more right here on the podcast today
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you're listening to the best of the glenn beck program
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so i'm gonna read to you something here that uh
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is you know a stock market talk and i understand very little of it but luckily i have great
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researchers and and great uh friends that i reach out to that do know all of this stuff
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so let me just give you a couple of paragraphs of what i read over the weekend and then i'll give you
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the explanation that i uh was taught by all of my very smart friends um on friday um you might have
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noticed something odd was happening in the market while stocks were tumbling pushing most tech names
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to a deep bear market amid the worst turmoil for risk assets in a year inflows into stocks both
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institutional and retail have been soaring according to the bank of america cumulative equity flows year
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to date in 2021 have hit a record 153 billion exceeding the pace of early 2021 now what they're talking
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about here is um the global stock market last let's see here yes this last week logged in 46 billion
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dollars worth of new cash this is the fourth largest weekly inflow into global stock market on record
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when you look at the the whole thing over time since january 1st 2019 three years ago cash has seen
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1.897 trillion dollars worth of inflows bonds have seen you know stocks and bonds one uh 1.8 trillion
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dollars worth equities 3 632 billion okay what does all of this mean
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just this year annualized at this rate which is 5.7 billion dollars of new money coming into the stock
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market every day we're going to add 1.322 trillion dollars of new money into the stock market this year
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so you know 2021 logged in more money coming into the stock market than the prior 25 years combined
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and this year is on pace to exceed that number by 45 percent
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just those two numbers should make you say wait a minute wait a minute what that doesn't sound good
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let me repeat last year 2021 there was more money flowing into the stock market 913 billion dollars
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almost a trillion dollars more than the prior 25 years combined where's this money coming from
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and this year we're going to be 45 percent higher than that again where's this money coming from
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so that's what i asked my friends i thought i knew the answer and i did but they gave me really
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much more scary information you want it i mean it is monday sucks already because it's monday
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what do you say we just throw this log on the fire
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investors have not had more access to low interest money than they do right now
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investor debt versus projected gains listen to this they're taking on they're borrowing this money
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and they're betting on the future they currently need an 81 percent annualized stock return to make a profit
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so you know the average of 23 percent is what's usual since 1980 so if stocks don't return
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with 81 percent year over year return the investors lose we have never ever had 81 percent annualized
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return the best year was 2020 when we had a 55 percent annualized return so what's happening
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well i will tell you that we as we've shown you the fed is lending trillions of dollars to the banks
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they're just giving them literally trillions of dollars to the banks so what are they doing with it
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they're giving it to places like you know goldman sachs or in this case places like blackwater and
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government and the central banks are now on the hook for the stock market returns
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because they now are responsible for your pension and your retirement funds 98 percent
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of the uh federally insured pensions have u.s stock market exposure so all of these big investors are
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getting free money from the fed they're going in they're dumping it in inflows to u.s stocks increased
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270 percent from march 2020 to january 2022 now how's that happening during a global pandemic
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why are people suddenly the average person who probably lost their job why are they dumping money
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into the stock market how does the stock market go up when the supply chain is disrupted when everything
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is closed we should have had a massive disruption in the stock market but we didn't why because the fed
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is giving funny money to everybody the massive ira pension market which the government is on the hook for is worth over
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75 trillion dollars and most of that money 65 percent is in the stock market
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if you think that this is going to end well for your pension you're mistaken the stock market is being driven
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right now by the fed the fed is buying stocks themselves
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and the government is on the hook and need i remind you the government is you people are getting rich
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on your back and it ain't you this is the biggest theft in american history in world history
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the transfer of your money and the debt now that your children remember when they when they give away
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and print trillions of dollars and give it to investors because they're too big to fail
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your children are going to be paying for that debt and those dollars are not going to be around
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they have an unlimited currency policy right now so what happens when the stock market takes a downturn
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and it will all of that money will be lost and all of the banks and the and the jp morgans and the
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you know goldman sachs the black rocks the black water the people who are too big to fail
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they're going to be failing and who's going to bail them out this time
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you will in a form of a new currency that's what's coming and i i really urge you to find out
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what's right for you to protect yourself you know i i um sent some instagram pictures out
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this weekend um yesterday um on saturday i was at uh heritage auctions in dallas they had a big
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lincoln uh sale abraham lincoln sale and some of the stuff that has never come up for auction before
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and i will tell you i have a renewed sense i told my wife i said look i don't think
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our money you know money is not going to save you um and i don't know what's coming but you just
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listen the way they're talking about the truckers you see what's happened with donald trump and
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hillary clinton and the press isn't going to even cover that you see how they're talking about people
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as anti-government who are just i'm not anti-government i'm pro-constitutional government
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and you see the way everything is being set up and they're getting more and more vicious
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these people will destroy america but i want you to know it's going to be a race to the finish line
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if there is any violence we lose as you see and you know any violence we lose and don't be surprised
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if it's not leftist violence but any violence we lose and we're on a we're on a racetrack
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they're not ready yet otherwise they would have snapped the trap they're not ready yet
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esg has to be really chugging along they have to have all of the the ducks in a row and they have
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to have an economic collapse to be able to do it i think they need war as well i could be wrong but
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boy oh boy does it seem like our government is just on the war path we gotta we gotta russia
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wednesday make sure you write it down it's gonna happen at eight o'clock pat have you ever seen
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our government give such specific details on how this war is gonna happen on now they're saying
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on wednesday wednesday they're going in no no i don't think so and the ukraine ukrainians don't
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think it's gonna happen at all um the ukrainian president said joe biden could you please come
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over or at least send your intel people we'd like to see what you've seen because we don't have any
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of that intel yeah yeah they say that russia does this all the time and then they and then they back
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off and then they come back and threaten again and then they back off so ukrainians pretty used to this
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and they don't think this is going to come to anything
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germany announced uh over the weekend that they they announced that europe is on the verge of war
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europe is on the verge of war you go into war in europe you're in world war three everybody makes a
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move the world is up for grabs and everything changes overnight i i will tell you i am i am renewing
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my commitment tanya and i uh just we took money we took the kids are not going to college i'll tell you
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that uh but uh we took our money and bought really important pieces of history this weekend on abraham
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lincoln and i really truly believe that this this cannot just um a it can't just sit in a vault it needs
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to be seen and i'm working on some things for this summer uh that i i hope be able to do um but it
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needs to be seen all over the country can't just be in one place we got to see it all over the country
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but also we need to preserve these things and if if you have things that are important to american
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history if you can keep it safe and i mean put it in a vacuum bag and seal it and at some point if
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things get dicey bury it and don't tell anybody because i really truly believe these people hate america
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so much they'll destroy all of our history and we have to preserve it i said to tanya she said you want
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to do what and i explained i explained because she saw the prices and i said yeah but but listen and i talked
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to her about where i think we are and if we lose this history we have no way of proving it we have no way
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you know they're already saying did you see what happened with elon musk this last week they were talking
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about how one of his one of his rogue rockets is going to crash into the moon yeah all week they talked
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about that yeah it wasn't an elon musk rocket i guess you should follow the science chinese now pat let me
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ask you is that a mistake or was that intentional that they're blaming it on elon musk instead of china
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my guess is intentional yeah and i don't i couldn't tell you one way or another i know what i believe
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just from past action but i don't know button up batten down the hatches and prepare for impact
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because this time we're not coming down in the trees you're listening to the best of the glenbeck
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program is what my nurses say i want to stand up you know joe biden was with lester holt uh and uh
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said this about personal freedoms before the super bowl what is your message to people who want
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desperately for this to be over and to be able to resume the lives that they remember well look
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um i love how people talk about personal freedom do you if you're exercising personal freedom
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freedom put someone else in jeopardy their health in jeopardy i don't consider that being very
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damn it freedom what what all abortion uh theories aside because he certainly yeah he certainly
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doesn't feel that way about abortion does it that personal freedom where i my body my choice doesn't
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apply to the uh to the person that you're killing nope so nope nope so don't worry about that and
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he wants you to know that he feels your pain when it comes to gas prices i want you to listen to
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this i'm going to work like the devil to bring gas prices down which i'm going to working to make
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sure that we keep strengthening the supply chains to bring the cost of energy and everything else
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and the goods that come to america down by helping the ports 24 7 by changing a whole range of things
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that you know can you stop for just a second listen to him listen how i work like the devil
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and some people think that maybe i am uh listen to the way he is talking he has you want to talk
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about low energy he's got no energy he is aging rapidly and by the way you're going to work like
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the devil to bring gas prices down by strengthening the global supply chain so those things can come to
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america no no joe you don't do it that way you you bring us back to energy independence you know
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like donald trump had us when you first got on this guy's a moron i don't know if you saw uh
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kyle dunnigan uh is can we play but uh cut three this is this is a parody he did of biden and it's
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fantastic president of the united states my fellow jamaicans the nation is in crisis
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the decepticon variant hobo 19 is still killing fat people inflation is destroying our fart jars and
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now that ukraine is being sexually sexually raped that is why i've asked congress to order a full-scale
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attack on joe rogan to not not not joe rogan the the russian guy the guy with the shirt
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pootie tang man bad dude we gotta come together man get this guy he's got our cranes he's got all the
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cranes we need them for the bigger better build back the build back bit of better the better the
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bit of better build back the bit of better build back better plan man you say it three times fast pal
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you say it stop this is great it's awesome by the way um for our engineers
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the camera or something is picking up like a party line i'm not kidding you
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oh i can hear it in the background can you hear yeah yeah i don't know who that is but mabel
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is that you if you're on a party line you guys should stop talking because we can hear you
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but anyway i don't know what that is please don't say anything icky and personal uh because i don't i
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don't really want to hear it um let me let me play another piece of uh audio that you might not have
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heard this is a former blackrock executive in case you don't know who blackrock is uh they manage
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you know about 20 trillion dollars uh probably more like 30 if you count the central banks
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and you know the federal reserve which they're now investing for here is the former blackrock
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executive talking about what we're headed towards listen the global debt uh bubble is that is at its peak
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and um it's becoming apparent uh given what's going on across the globe that um we're at the end
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and due to that fact um we're going to see um lots of crazy things in the financial markets i think
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uh we're going to see um the credit markets become unhinged the equity markets become unhinged
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um you know the fed got a reprieve from covid when they were able to you know the cover of covid print
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65 percent more money um to keep this thing afloat but we're at the end end days here and um a lot of
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what you're seeing in the response from global governments is what i believe is um setting up a
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system to um you know under the guise of medical tyranny to uh prevent uh the riots that are going to
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ensue once this thing all unwinds that's my personal belief and i watch what people do know what they say
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i think he's exactly right that's uh why he's a former black rock executive uh because he is i
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think speaking the truth that is what's going on they know trouble is coming and they need to have
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little cages built for everybody um uh i will tell you that i was with the freedom caucus on friday
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in florida and uh i i just think they're the best people in congress i just think if we could have
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more of the freedom caucus and less of the i don't know caucus caucus uh we would be we would be in much
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better shape these guys uh are for the constitution uh and and small government and they get it and they
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they they i believe have real solutions everybody else is is nibbling around the edges but i spoke
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to them and i have to tell you i was really impressed with what they are doing they are
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working ahead on what happens when we do have control of congress which is nice i i don't usually
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see a plan uh that people are actually going to do you know you just usually get a bunch of talking
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points from people like turtle head in the senate uh about you know you give us the house the senate
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in the white house boy we're going to do these things and they never do um the freedom caucus is
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serious about uh what they're doing i talked to them about the uh esg and before i started i said so
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how many here uh raise your hand if you know about esg about sadly 10 hands went up in the room uh in fact
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one of the guys who was with me actually gasped he was like uh i said okay out of the 10 how many
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of you think you can at least hold your own and and we can we can dive in on the you know medium deep
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end of the pool and we can have a conversation and you can keep up only one hand remained up
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then i said how many of you know about mmt modern monetary theory one hand went up these are the
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good guys these are the good guys they don't know you you have got to tell your law i told them i said
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if you guys go home this weekend and if you are not by wednesday deep into mmt and um and esg scores
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and what's happening with a great reset your all your plans are not going to come to anything
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because this is the rosetta stone this is what you need to understand i was really excited to hear
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they're setting up a a fellow now at cpi one of the big donors there said i want to put a i i i want
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to pay for the studies to go on right now about that so cpi who hosted this uh is is working towards
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something now and i think there was some real urgency there i'm here in idaho up at my ranch i'm
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i'm going to meet with the um the senate the house leadership and the governor tomorrow uh and uh
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you know i i uh i'll work with anybody that you know is sincere um but i plan on telling all of them
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because a few of them are up for re-election uh i think the great reset and esg
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is is the most important thing we can do is to shore ourselves up uh to make sure that our banks
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aren't operating under this global contract of esg and we get our money out of places like black rock
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and that includes your state treasuries and they make sure that no litmus test for you to get a loan
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is going to happen for social justice or or governance or or your green energy uses all of that has to stop
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and if your governor if your uh representative or your senator locally in your state if they don't
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know about it if they aren't actively engaged in stopping it and i mean with more than just words
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if they're not actively engaged and by the time november comes around they'll all have plenty of
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time to pass legislation and you'll know who voted against it and who voted for it who was on the front
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line who wasn't if they're not on the front line of this you need a new governor or you need a new
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senator or you need a new house of representatives uh person this has got to be the litmus test because
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everything else is meaningless everything else is a show this is how they build the cage and i love how
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they were talking about um inflation and joe biden once again went to that's why you got to pass my
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two billion dollar stimulus package the build back better bill are you kidding me you know what that
00:26:07.060
is that's the machinery but it's covered in sugar and the sugar is we're going to give you free uh
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health care we're going to give you uh you know free apartments we're going to give you uh free daycare
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there's all these free things on top because they know what's coming that those things are going to
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be wanted and needed by a lot of people and they're going to look to the government if nobody else will
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provide and uh the government's going to be more than willing to do it you just have to trade in some
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of your freedoms warning it is coming sooner than you think the best of the glenn beck program
00:26:54.160
well the the word of the day over at sleepy joe's uh playhouse at the white house is inflation
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not that he remembers the word of the day or most words on any days but inflation is coming we've been
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telling you forever that inflation if it kicks in because of the spending and the printing we're doing
00:27:24.520
it's a real problem and once wages go up because of it it's game over because you're in a spiral that you
00:27:31.780
just have a very hard time uh getting out of i don't know how we get out of this um the the head of
00:27:39.840
global economics at the bank of america ethan harris said just last week when we get this broad-based
00:27:47.260
increase and it starts making its way to wages you're way behind the curve and the fed better
00:27:54.680
start moving well i don't know what they're going to do i can tell you what you should do and that is
00:28:01.120
protect yourself with something physical something tangible something that has proven itself to be a
00:28:06.200
hedge against insanity time and time again and that is gold or silver precious metals
00:28:12.920
one additional week gold line is extending their special on historic five dollar gold indians and
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these historic items it's 866 gold line 866 gold line or goldline.com
00:28:32.860
matt schlapp is uh joining us now uh he is the chairman of cpac the american conservative union
00:28:42.740
also the author of the desecrators a new book that comes out tomorrow hi matt how are you
00:28:48.320
hey glenn great to be with you um i want to start i want to start actually on something that um
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i gotta throughout the book it talks about um you and um and your wake up your personal transformation
00:29:06.660
um realizing that what you always believed about america that democrat and republicans we we can disagree
00:29:14.200
but you know we work together and and uh liberals eventually become conservatives you're saying
00:29:21.120
that's no longer the case can you give me the wake-up call yeah you had that's a that's a great
00:29:29.140
question the wake-up call i had was my wife is working for president trump in the white house uh we have
00:29:36.160
been fixtures in washington dc for quite a while i'm 54 years old i we both worked and met under uh
00:29:43.840
in president george w bush's white house um so we've kind of had our whole professional career
00:29:50.080
here in washington dc we have tons of friends in the media we have tons of friends who are democrats
00:29:55.620
um i've worked on all kinds of bipartisan efforts and uh what i realized is like the curtain
00:30:02.320
uh was ripped apart under trump and what you realized is that they don't like us they don't
00:30:10.700
respect us they think we're bad they're trying to destroy us and they actually don't believe in
00:30:17.400
america and it was a long time coming to this but uh you know i had to get there
00:30:22.920
their arrogance is astonishing i don't know if you saw the news it just came out from the cbc
00:30:30.820
um but justin trudeau later this afternoon is going to be invoking the emergency powers act
00:30:38.820
which has never been used in canada um and it sounds to me like martial law is coming they're
00:30:46.740
going to do something to these truckers and they they describe these truckers and the same thing here
00:30:54.060
with anybody who is you know not woke enough they describe us really almost like vermin
00:31:01.200
well you know glenn it's a little bit our own fault and i'm and i know that's provocative to
00:31:08.220
say i'm going to say it's a little bit my fault we had this idea that we could be the leave us alone
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caucus you know we're going to live our lives we're not overly judgmental on how others live their lives
00:31:20.020
the government should leave us alone and yes the uh the left will take over universities and school
00:31:26.740
boards and we kind of rolled our eyes at that and we knew that we'd raise our kids to have common sense
00:31:32.840
and we come to some kind of uh some kind of resolution on all this and what we didn't realize
00:31:38.620
is that in being a little meek and a little too polite and a little quiet we turned over the whole
00:31:46.340
dang thing to the keys to everything to them and now they cue us as they view us as sheep they view
00:31:53.540
us as meek they think that they can dominate us even though they're a strong minority where we have
00:31:59.440
more numbers than they have and and so what i see happening in australia and canada and in our big
00:32:05.200
cities in america is the fascist left saying well this is our moment to strike we can finally get rid of
00:32:11.860
yeah and they really mean that i'm is i'm i'm uh interested in uh having you explain
00:32:19.600
desecrator i mean that's the name of the book and uh you make it very very clear why you chose that
00:32:28.220
but it is a provocative word and i think you're accurate explain well my co-author deal hudson and i
00:32:35.920
were talking and he said you know initially we thought we'd write a book on cancel culture and he
00:32:40.280
approached me because my wife and i had been so you know had been so canceled uh by our old world and
00:32:47.140
old friends and everything about our life and he's like you really ought to tell the story and we were
00:32:51.920
starting to write it and it was his idea he said you know it's really not cancel culture that's more
00:32:56.220
of a political term that's like okay you get shut down you lose your job you lose your facebook page
00:33:02.620
whatever desecrators uh incorporates this idea if there's a spiritual component to this why is the
00:33:11.740
left going after all the things that make us happy that are truthful that are holy that are transcendent
00:33:19.920
that are unique uh why are they going after all the pillars of these things at exactly the same time
00:33:26.480
gender the family faith america's role in the world the idea of truth and what that words mean
00:33:35.280
something in the constitution they're going after all those things at the same time we believe that's
00:33:40.140
because there is a spiritual battle going on in this country and in civilization and we think the devil
00:33:47.180
is very cocky and we think he that he views this as a moment where maybe not just america but this
00:33:54.780
whole idea of civilization would come crashing down we actually think in the book we describe this
00:34:00.980
this is the moment we're in we think we can win it but my lord people have got to wake up to what
00:34:06.000
we're facing i mean quickly really quickly this this has to be a great awakening in in every sense of
00:34:15.460
that word it has to happen right now i was talking to cpi the the and the freedom caucus on friday at
00:34:21.720
their um at their convention and i um i said you know we're we are it's a finish to the wire
00:34:29.680
one of us if we wake up quickly we win if we wait you know any any longer they're building their cages
00:34:41.260
right now and they're moving as fast as they can we can still win but it's going to be right down to
00:34:48.240
the wire would you agree with that i would agree with that and i live in virginia i live in this
00:34:53.300
commonwealth and look ordinary moms and dads and teachers and coaches and cops led the way people
00:34:59.660
are waking up that's why our theme at cpac is going to be america awake not woke um and yes this is we
00:35:07.820
have got to have a great america unwokening and unwakening it's got to start right now you know
00:35:14.760
what's funny is most people don't know this but uh abraham lincoln uh the the group of people that
00:35:21.820
were really the most um uh active in stopping slavery and supporting abraham lincoln was a group
00:35:30.940
called the wide awakers and they were wide awake and they were pushing wake up people stay awake be
00:35:39.640
wide awake you have to see what's going on and i can relate to that now i can you know the bible's
00:35:46.820
replete with examples of of jesus and god uh uh warning us to stay awake and this idea of vigilance
00:35:54.820
is really important now because who would have thought these people would be like trying to like
00:35:59.880
propagandize our kids about every tiny little thing it's like we've got to be aware of everything
00:36:06.980
now and i think uh boy the reference to lincoln is perfect because that was a moment when it was a
00:36:13.280
question of whether america would survive and i think we're at that moment again i um i don't disagree
00:36:19.940
with you and i i'm glad to see that you're bringing the spiritual aspect into it because
00:36:25.620
um you know do you know who james lindsey is yes the uh mathematician yeah so he's not a god guy
00:36:33.480
at all um he's not an atheist anymore um and i was talking to him a few months ago and i said
00:36:41.060
you know how how do you describe this and he said glenn you know i don't use these kinds of terms uh he
00:36:47.580
said but the only way to describe what's being done is evil and i think if you really look at it i mean
00:36:53.920
just just what you wrote just that list in the in the book education what's being done to our kids
00:36:59.820
is evil the media the lies the distortion the the smears it's evil um entertainment corporate america
00:37:11.320
what's happening with sports all of the things that are going on with the police freedom of speech
00:37:17.920
religious liberty abortion it's all evil evil and the virus as a as the father of five kids what i've
00:37:28.760
witnessed with the virus is a real attempt to separate kids from their parents the kids go to
00:37:33.360
schools even schools that are well-meaning and they and they they teach them this idea that they're
00:37:37.740
going to kill grandma if they don't take these certain steps and that if you're not vaccinated
00:37:41.800
you're going to you know cause an international you know death toll and and and parents that have
00:37:48.140
a more common sense approach to these things or religious leaders that have a more common sense
00:37:52.580
approach to these things it creates huge division between the young and the old so it's just getting
00:37:58.740
worse and you know glenn the other thing is i'm a simple man and i know this that um when you do what
00:38:03.640
god wants you to do it brings you joy even if your circumstances are desperate and tough it brings you joy
00:38:10.160
they call it ecstasy in a spiritual sense because you know you're doing what you were put on the earth
00:38:15.060
to do to do i ask you have you ever met one of the these desecrators who was happy or joyful i've never
00:38:22.820
no and i can't i can't i often think i can't imagine living like that they're always so miserable
00:38:31.380
miserable i mean you know me matt i'm not exactly a happy-go-lucky optimist but i'm a happy guy i really
00:38:40.500
am and they're they never are what is the um what's the what's the first thing we have to do matt
00:38:48.360
the first thing we have to do is we have i call it the trump whispering and i give these stories in
00:38:54.180
the book of how people would walk up to me and whisper in my ear about how they love trump but
00:38:58.680
they didn't want to say it loudly and not what i realized is that that's how it is in everything
00:39:04.080
uh if you want to have a uh a traditional view of america if you want to talk about questions of
00:39:10.380
race and you're a white guy you have to whisper you have to find someone who won't yell at you or
00:39:15.740
call you a name that has to end right now no more whispering i know you might lose your job your kid
00:39:21.580
might not get into the fancy school your kid might not be the you know the starting forward on the
00:39:26.920
basketball team there are ramifications but think about this what you're giving up in your silence
00:39:32.500
is the future of this country and if what i learned when we did these c packs around the globe including
00:39:37.660
with the kids in hong kong when we were the first people to protest with them these kids all came up
00:39:42.620
to me in their broken english and said for the very first time we think america has our back
00:39:48.080
america stands for freedom if america goes away we go away and that is i hate to say it but that is
00:39:54.980
the tragedy of our moment we're in this conversation in america about insane ideas that the left is
00:40:01.840
but what's really behind all of this is the end of order in the whole globe and we're the
00:40:08.760
so we better stand up thank you parents and cops and coaches in virginia now let's all the rest of us
00:40:15.620
do it matt schlapp the chairman of the american conservative union author of a book comes out
00:40:22.240
tomorrow the desecrators defeating the cancel culture mob and reclaiming one nation under god
00:40:28.640
highly recommend the desecrators matt thank you so much we'll talk to you again god bless thank you glenn