The Glenn Beck Program - Best of the Program ｜ Guest： Megan Fox ｜ 7⧸14⧸22

00:00:00.000 Hey, we've got a fantastic, fantastic show lined up for you.

00:00:04.300 We talk about your economy and how people are just losing their shirts.

00:00:08.820 If you have a 401k with Carol Roth, what all of this means, what's coming next.

00:00:14.380 A powerful hour on that 10 year old that was raped and then went across state lines to get an abortion.

00:00:23.340 Well, the Ohio attorney general didn't have any information on it.

00:00:26.700 The Indiana attorney general didn't have any information on it.

00:00:31.480 They both want to know why.

00:00:33.480 The police in Columbus, Ohio, was saying there was no arrest and no rapes of a 10 year old reported.

00:00:41.380 Well, somebody was covering something up because yesterday an arrest was made.

00:00:48.780 An illegal alien that had raped multiple times this child. 0.77

00:00:53.180 But the story does not stop there.

00:00:55.300 There is much more to this story and we cover it on today's broadcast.

00:01:01.840 Don't forget, subscribe to Blaze TV.

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00:01:14.880 You can get that just by subscribing to the Blaze.

00:01:17.600 And please subscribe to our podcast and rate and review.

00:01:20.720 It helps other people discover it.

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00:02:15.360 You're listening to

00:02:23.560 The Best of the Glenn Beck Program.

00:02:29.520 The author of the book Believe Evidence

00:02:32.360 and investigative journalist for PJ Media,

00:02:36.480 Megan Fox, joins us now.

00:02:38.100 Megan is really the woman that took it upon herself

00:02:43.400 to find out the story of this 10-year-old victim of rape

00:02:48.180 that at first we thought might be a hoax.

00:02:50.860 That would have been a dream come true

00:02:52.700 if our president were only lying about it.

00:02:55.680 As she found out, the story is much, much darker.

00:03:00.380 Welcome to the program.

00:03:01.360 Hi, Megan.

00:03:03.040 Hi, Glenn.

00:03:04.100 What a fun surprise to hear from you this morning.

00:03:07.420 Thank you for having me.

00:03:08.480 Oh, well, thank you so much for the hard work

00:03:12.760 and the, I mean, this had to be agonizing,

00:03:17.220 confusing, and at the end,

00:03:20.500 just depressing on what has gone on

00:03:24.260 in the state of Ohio

00:03:25.460 with this poor 10-year-old girl.

00:03:31.080 Yeah, it has been.

00:03:32.980 And in fact, I had no idea

00:03:34.900 that this story was as huge as it really is.

00:03:38.400 It would have been much better

00:03:39.720 had they been making it up.

00:03:40.900 My brain didn't even go to

00:03:42.920 they're really using a real victim

00:03:44.860 to push a pro-road agenda.

00:03:48.360 I didn't even go there

00:03:49.700 because that was too awful to consider.

00:03:53.040 And yet here we are.

00:03:54.100 And what I discovered

00:03:54.980 when I saw this one sourced,

00:03:57.660 poorly sourced, poorly vetted story

00:03:59.620 in the Indianapolis Star was

00:04:01.360 there's something else here.

00:04:03.780 No one cares about a rapist 0.52

00:04:06.220 who's on the loose, apparently, in Ohio.

00:04:08.720 And why aren't we asking those questions?

00:04:11.920 Why aren't we asking who raped this child

00:04:14.680 and can we get him prosecuted?

00:04:16.720 Can we get him arrested?

00:04:18.640 And you know what really bothers me

00:04:20.180 and what question is still out there

00:04:21.780 top of my list is, well, there's two.

00:04:24.300 One, why did the police in Columbus

00:04:27.460 tell the Washington Post's Glenn Kessler

00:04:29.640 there was no report?

00:04:31.220 They also told the Attorney General

00:04:33.060 there was no report.

00:04:34.160 So then the Attorney General

00:04:35.780 goes on Fox News on Monday

00:04:37.360 and says, I can't find a report.

00:04:39.600 And on Tuesday, they have an arrest?

00:04:42.740 There was a report, Glenn.

00:04:44.120 It was put in on June 22nd.

00:04:46.140 So who was keeping it from the press

00:04:48.940 and the Attorney General?

00:04:51.420 So wait, oh my gosh.

00:04:56.260 So this is a bit deeper now.

00:04:57.880 So now we think the not only

00:05:01.040 was the doctor violating HIPAA

00:05:03.060 lying to the child and saying

00:05:06.140 you have to go to another state

00:05:07.780 and unnecessarily sending him

00:05:09.500 to another state.

00:05:10.640 Did the did the doctor report the crime?

00:05:15.680 And if so, then the police investigated

00:05:19.400 but didn't arrest the guy

00:05:21.600 and the police are involved

00:05:24.720 in the cover-up?

00:05:26.680 Well, I don't know.

00:05:27.780 We can't get answers from the police, Glenn.

00:05:29.940 They won't talk.

00:05:31.380 So I put in a FOIA last week

00:05:34.000 to the Columbus police

00:05:35.300 asking for this very case.

00:05:37.240 Do you have an investigation

00:05:38.540 that involves a 10-year-old being raped?

00:05:41.700 They did not respond to me,

00:05:43.420 but Glenn Kessler got him on the phone

00:05:45.120 and they told him no.

00:05:46.640 The Attorney General, General Yost of Ohio

00:05:50.860 asked around to all his prosecutors

00:05:53.040 and sheriffs.

00:05:55.000 They told him there was no report.

00:05:57.920 And then now we have the report.

00:06:00.200 I have it on my desk.

00:06:01.560 And the police had this since June 22, June 22.

00:06:06.380 So they knew about this rape

00:06:09.100 and didn't arrest this guy until the 12th

00:06:11.780 after the Fox News blitz.

00:06:13.640 So I just find the timing highly suspicious

00:06:16.800 and I want to know how the investigation went.

00:06:19.820 And that's what I'm still digging into.

00:06:22.020 Now, I don't know if Caitlin Bernard,

00:06:23.960 I don't know if she reported

00:06:26.700 to the Indianapolis police her mandated report.

00:06:29.800 That's another FOIA that I have

00:06:31.380 that's waiting to be returned

00:06:32.760 by Indiana government.

00:06:35.460 And so they haven't confirmed that.

00:06:37.420 Maybe she did. 0.93

00:06:38.200 It appears according to the investigation

00:06:39.840 that she cooperated in some way

00:06:41.860 because they did get the fetal remains

00:06:43.960 for DNA testing.

00:06:45.720 So that means she had to have either

00:06:47.440 been given a warrant for that

00:06:48.820 or she voluntarily provided it.

00:06:50.640 I don't know.

00:06:51.340 She won't answer my questions.

00:06:53.020 When I asked her about these directly yesterday,

00:06:55.120 she sent me a link

00:06:56.540 to the Columbus Dispatch article

00:06:58.400 that just details the arrest of this guy.

00:07:01.440 She still won't answer directly

00:07:03.180 what role she had

00:07:04.820 in helping this investigation or not.

00:07:09.840 So who gave this story to the left?

00:07:16.880 That is a very good question.

00:07:19.780 And I also have questions

00:07:20.940 about why the only reporter

00:07:22.540 in the courtroom yesterday

00:07:24.060 for the arraignment of the illegal alien

00:07:26.920 who raped this child more than once

00:07:29.600 and impregnated her 0.77

00:07:30.720 was a reporter from a Gannett Corporation

00:07:33.820 media conglomerate.

00:07:36.140 That's the same conglomerate

00:07:37.720 that owns the Indianapolis Star.

00:07:40.280 Why are they the only people

00:07:42.000 who have any access

00:07:43.400 to any of this information?

00:07:45.580 And when the Washington Post

00:07:46.900 tried to reach out

00:07:47.800 to get them to corroborate their story,

00:07:50.180 they said that their reporting was clear.

00:07:53.720 But it wasn't clear.

00:07:55.040 They had a one-sourced story

00:07:56.760 with no backing documentation,

00:07:59.180 no mention of a police report.

00:08:01.280 And now the only reporter

00:08:03.520 that was tipped off

00:08:04.980 to the courtroom proceeding yesterday

00:08:07.480 was somebody at their company.

00:08:10.380 That's interesting.

00:08:15.140 Megan, boy, this is a story

00:08:18.360 that when you're done with,

00:08:19.700 you should get a Pulitzer.

00:08:20.780 You won't,

00:08:21.540 but you should get a Pulitzer for.

00:08:22.900 When you're looking at this story,

00:08:30.380 first of all,

00:08:31.080 did the girl cross state lines

00:08:34.360 into Indiana?

00:08:35.580 She did to have that abortion, correct?

00:08:38.520 Yes.

00:08:39.180 And we need to know why.

00:08:40.420 Because Ohio would have allowed

00:08:41.740 that abortion. 0.96

00:08:42.560 I've read the law.

00:08:43.800 I have had it confirmed

00:08:44.760 by Ohio legal analysts.

00:08:46.980 The attorney general himself

00:08:48.440 has confirmed it.

00:08:49.920 The emergency section of the law

00:08:52.880 specifically says

00:08:54.260 that the physician

00:08:55.660 can make a good faith judgment

00:08:57.900 on his life and safety,

00:09:00.660 health and safety

00:09:01.440 in an emergency situation.

00:09:03.440 And this clearly,

00:09:04.660 clearly would fall under that category.

00:09:07.860 So we need to know why

00:09:09.160 he was taken from Ohio to Indiana.

00:09:11.620 Was it for the story?

00:09:12.940 That's my guess.

00:09:14.180 My guess is,

00:09:15.300 and this is just a guess,

00:09:16.260 this is what journalists do.

00:09:17.480 I'm getting a lot of flack.

00:09:18.760 I'm getting a lot of flack for,

00:09:20.500 oh, you thought it was a hoax.

00:09:22.040 It is a hoax.

00:09:23.480 There's something wrong here.

00:09:25.180 And if you can't see it,

00:09:26.580 I'm trying to point it out.

00:09:28.600 This whole thing,

00:09:29.640 the story was not

00:09:30.860 that Roe was somehow

00:09:32.860 causing little girls 0.97

00:09:34.560 to be denied abortions

00:09:36.160 because she would never have been

00:09:37.320 denied an abortion in Ohio.

00:09:39.460 The story is

00:09:40.460 that illegal aliens 1.00

00:09:41.720 are raping kids 0.98

00:09:43.160 and all the left cares about

00:09:44.640 is that they can get abortions. 1.00

00:09:46.480 That's insane.

00:09:47.600 So we know that this

00:09:52.240 this doctor

00:09:53.380 that the girl

00:09:54.520 apparently went to first,

00:09:56.280 she's an activist,

00:09:58.080 an abortion activist, right?

00:10:00.780 Actually, she's the second doctor.

00:10:02.340 We don't know

00:10:02.860 who the first doctor is.

00:10:04.460 Suppose the girl

00:10:05.080 went to a doctor in Ohio.

00:10:06.640 There was a consultation

00:10:07.540 that happened in Ohio

00:10:08.960 after the police were informed.

00:10:11.060 So the police get informed

00:10:12.360 on the 22nd.

00:10:13.220 The family takes the child

00:10:15.060 to a Ohio doctor

00:10:16.560 on the around the 28th

00:10:18.160 or 29th.

00:10:19.280 That doctor consults

00:10:20.680 with the family

00:10:21.340 and then calls Dr. Bernard.

00:10:23.380 But we don't know

00:10:24.100 who that doctor is.

00:10:24.940 They won't release the name.

00:10:26.520 So I also can't check

00:10:27.920 to see if that doctor

00:10:29.040 made a mandated report.

00:10:30.580 It doesn't matter.

00:10:31.740 I don't think

00:10:32.480 if the police are already aware

00:10:33.920 that doctor still

00:10:34.980 has to make a report.

00:10:36.680 She called Caitlin Bernard

00:10:38.060 or he.

00:10:39.120 I don't know who the doctor is.

00:10:40.500 Called Caitlin Bernard.

00:10:41.480 Bernard then arranged

00:10:43.720 for the child

00:10:44.280 to come to Indianapolis

00:10:45.380 have the abortion there. 0.98

00:10:47.280 The police were then given

00:10:49.040 or obtained somehow

00:10:52.000 because it's not clear how

00:10:53.280 the DNA from the fetal remains.

00:10:55.840 Then they're now checking that

00:10:57.660 with the arrestee

00:10:58.900 who they say confessed.

00:11:01.580 And they're checking that

00:11:02.780 against him

00:11:03.480 and also the siblings.

00:11:05.540 I guess they're just trying

00:11:06.420 to rule out the siblings.

00:11:07.800 I can't figure out

00:11:08.480 why they would test it

00:11:09.220 against the siblings

00:11:09.860 unless they just want

00:11:11.260 to rule it out.

00:11:14.400 We also have

00:11:16.400 a situation

00:11:18.620 that seemed

00:11:19.560 pretty fuzzy yesterday

00:11:20.900 where the guy

00:11:23.440 who was arrested,

00:11:24.380 his attorney,

00:11:25.840 said he does have

00:11:27.600 a place

00:11:28.060 where he could live

00:11:29.860 away from the victim.

00:11:32.220 So was he living

00:11:33.940 with the victim

00:11:35.040 up until, what,

00:11:36.780 yesterday,

00:11:37.420 day before?

00:11:38.900 Yeah, that hasn't

00:11:39.720 been confirmed

00:11:40.320 but it sure sounds like it

00:11:41.700 because if during

00:11:42.920 the court proceeding

00:11:43.600 the attorney is saying

00:11:45.160 to the judge,

00:11:46.400 well, we have,

00:11:47.460 there is somewhere

00:11:48.140 he could,

00:11:48.580 you should let him

00:11:49.360 out on bond

00:11:49.880 because we can put him

00:11:50.920 somewhere where he's not

00:11:51.960 with the child,

00:11:53.120 does seem to suggest

00:11:54.900 that he was living

00:11:56.340 in the same,

00:11:58.640 at the same house.

00:12:00.200 I don't know.

00:12:01.040 Maybe it was an apartment.

00:12:01.900 Wait, wait, wait, wait,

00:12:02.960 wait, wait, wait, wait,

00:12:03.900 wait, wait, wait, wait a minute.

00:12:06.620 Hold it.

00:12:07.520 I need to understand this.

00:12:09.780 The police were notified

00:12:11.200 that there had been

00:12:12.720 a rape of a 10-year-old.

00:12:14.320 She goes across state lines.

00:12:16.400 She has an abortion.

00:12:18.660 It is reported

00:12:20.140 by the president

00:12:21.300 in a campaign

00:12:23.120 to say how evil

00:12:24.980 the Supreme Court is.

00:12:26.500 At the same time

00:12:28.040 he's doing that,

00:12:29.620 the police have not

00:12:30.820 arrested a guy,

00:12:31.820 in fact,

00:12:32.400 released him

00:12:33.320 back possibly

00:12:35.080 into the same home

00:12:37.200 with the 10-year-old victim.

00:12:39.340 Do I have that right?

00:12:42.520 Yes.

00:12:43.140 Now, let's,

00:12:43.760 let's also say this, though.

00:12:45.720 Here's one more detail

00:12:46.800 that was in the court records.

00:12:48.420 Let's give the police

00:12:49.320 the benefit of the doubt

00:12:50.260 that they did not know

00:12:51.600 who the rapist was

00:12:53.200 on the 22nd.

00:12:55.120 The details of,

00:12:56.220 the details of the report

00:12:57.360 say that on July 6th

00:12:59.360 is when the child

00:13:00.700 told the police

00:13:01.820 that this is the person

00:13:03.520 who did it.

00:13:04.920 So we don't know

00:13:06.100 if anybody else

00:13:06.920 told them before July 6th,

00:13:08.940 but the child told them

00:13:10.380 on July 6th.

00:13:11.200 But that still leaves

00:13:12.180 six whole days

00:13:13.440 when there was not

00:13:14.680 an arrest

00:13:15.240 after the police knew

00:13:16.980 that this was the rapist.

00:13:19.700 So there are questions

00:13:20.860 here, Glenn.

00:13:21.840 Questions that should be

00:13:22.880 answered.

00:13:24.360 Questions the press

00:13:25.300 should have asked

00:13:26.180 in the beginning.

00:13:27.140 This was never about

00:13:28.080 can a 10-year-old

00:13:28.960 get an abortion?

00:13:29.940 It is about

00:13:30.480 who raped a 10-year-old

00:13:32.120 child, for God's sake.

00:13:35.040 Why do I have to do

00:13:36.140 this work, Glenn,

00:13:37.180 for the media?

00:13:38.220 Why do I have to say,

00:13:39.780 me, an independent

00:13:40.760 journalist out here

00:13:41.500 who nobody returns

00:13:42.360 my phone calls,

00:13:43.380 you know, when

00:13:43.760 the Washington Post

00:13:44.840 calls the Columbus

00:13:45.640 police, they pick up

00:13:46.580 the phone.

00:13:47.300 They don't do that

00:13:48.060 for me.

00:13:48.940 So, you know,

00:13:49.680 people like ABC

00:13:51.300 and NBC

00:13:51.960 and Indianapolis Star,

00:13:53.500 they have so much

00:13:54.280 more clout with

00:13:55.160 getting answers

00:13:56.340 than I do.

00:13:57.120 I'm out here

00:13:57.900 struggling on my own

00:13:58.820 to try and get

00:13:59.700 these answers.

00:14:01.300 I did force the media

00:14:02.760 to remember

00:14:03.720 what their job is.

00:14:05.700 I reminded them

00:14:07.480 that they did

00:14:08.380 no legwork

00:14:09.600 on this story.

00:14:10.720 And as soon as

00:14:11.380 they figured out

00:14:12.020 that they were being

00:14:12.620 embarrassed on a

00:14:13.480 national stage,

00:14:14.560 they suddenly did

00:14:15.900 their job.

00:14:16.640 And guess what

00:14:17.220 happened?

00:14:18.100 Now there's a rapist 0.99

00:14:19.120 behind bars.

00:14:20.280 That's what should

00:14:20.940 have happened.

00:14:21.520 in the very first

00:14:23.660 reporting of this

00:14:24.640 story.

00:14:28.200 It should have

00:14:28.920 happened before

00:14:29.440 the girl had an 0.61

00:14:30.200 abortion, even.

00:14:31.460 I mean, that would

00:14:32.360 seem to me to be

00:14:33.260 the priority.

00:14:34.620 Stop the rapist. 1.00

00:14:36.940 Now, make sure

00:14:38.280 the girl is safe,

00:14:39.800 and then let's

00:14:42.140 carry out the

00:14:43.360 procedure, the

00:14:44.220 abortion, on this

00:14:46.340 10-year-old.

00:14:48.060 I mean, it's

00:14:48.960 insane.

00:14:49.700 Will you do me a

00:14:50.300 favor, Megan? 0.91

00:14:51.520 Um, I'm kind

00:14:53.100 of well-known

00:14:53.900 in Ohio.

00:14:55.820 If you don't

00:14:56.940 get somebody

00:14:57.640 returning your

00:14:58.420 phone calls,

00:14:59.400 will you let me

00:15:00.580 know?

00:15:00.980 Because I can

00:15:02.000 guarantee you

00:15:03.580 they will return

00:15:05.120 your phone calls

00:15:06.180 if they know

00:15:07.400 I'm about to

00:15:09.100 explain to

00:15:10.280 all of Ohio

00:15:11.580 and America

00:15:12.380 who's not

00:15:13.940 picking up their

00:15:14.700 phone.

00:15:16.120 Would you

00:15:16.600 allow me to

00:15:18.080 help you with

00:15:18.620 that?

00:15:19.800 It's the

00:15:20.240 Columbus police

00:15:20.980 right now.

00:15:21.320 No, they 1.00

00:15:21.520 won't respond

00:15:22.060 to my

00:15:22.400 FOIA.

00:15:24.680 Who is, who

00:15:25.600 is, who

00:15:25.960 won't respond

00:15:26.560 to your

00:15:27.480 FOIA?

00:15:28.200 Wow, that's

00:15:28.940 interesting.

00:15:29.740 Who is it that

00:15:30.400 you're dealing

00:15:30.840 with there?

00:15:32.500 Well, they

00:15:33.100 just make you

00:15:33.680 send an email

00:15:34.540 to their, you

00:15:35.140 know, it's

00:15:35.980 like a request

00:15:36.960 email line.

00:15:38.300 It's no

00:15:38.600 particular person.

00:15:40.420 And, um,

00:15:41.140 like, it goes

00:15:41.820 to the public

00:15:42.300 records officer

00:15:43.120 or whatever.

00:15:44.220 Um, but

00:15:44.640 that's, but

00:15:45.220 so far...

00:15:45.520 Will you do me

00:15:46.040 a favor?

00:15:46.740 Give me the,

00:15:47.700 give me the name

00:15:48.520 of the public

00:15:49.160 records officer

00:15:50.040 and get me the

00:15:51.020 name of the

00:15:51.780 chief of police

00:15:52.660 and, uh, and

00:15:55.240 we'll, we'll make

00:15:56.360 sure somebody, uh,

00:15:57.500 is returning your

00:15:58.240 phone call.

00:15:58.720 Will you do that

00:15:59.420 for me?

00:15:59.720 I appreciate

00:16:00.200 that.

00:16:00.500 Hang up the

00:16:01.000 phone.

00:16:02.380 I will.

00:16:03.340 And, but one

00:16:03.920 more thing,

00:16:04.780 Columbus, this is

00:16:05.700 very important.

00:16:06.820 Columbus is a

00:16:08.040 sanctuary city.

00:16:09.700 Is this problem

00:16:11.060 with the police

00:16:11.840 not communicating

00:16:12.580 and the arrests

00:16:13.480 not being made

00:16:14.160 until this huge

00:16:14.860 national, you

00:16:15.760 know, blitz

00:16:16.820 went on?

00:16:17.620 Is that because

00:16:18.940 they weren't going

00:16:20.320 to do anything

00:16:20.880 about this because

00:16:21.620 they couldn't

00:16:22.060 hold a guy

00:16:22.660 because they

00:16:23.140 don't, they

00:16:23.880 don't honor

00:16:24.540 ice holds

00:16:25.400 because it's a

00:16:27.140 sanctuary city?

00:16:28.220 There's a much

00:16:29.100 bigger story here,

00:16:30.360 Glenn, and I

00:16:31.400 would love your

00:16:31.880 help getting to

00:16:32.540 the bottom of

00:16:33.020 it because I

00:16:33.660 need, I need

00:16:34.280 all the help I

00:16:34.860 can get.

00:16:36.200 You do anything,

00:16:37.840 anything you need

00:16:38.900 from me, you

00:16:39.540 have, and I

00:16:40.140 don't need to

00:16:40.900 whatever I can

00:16:44.380 do off air, on

00:16:45.600 air to help.

00:16:46.600 You'll get to the

00:16:47.440 bottom of the

00:16:47.900 story.

00:16:48.480 You will.

00:16:49.320 Don't give up.

00:16:50.280 I appreciate that.

00:16:51.200 Thank you so much,

00:16:51.880 Megan.

00:16:52.680 You bet.

00:16:53.440 Thank you.

00:16:53.880 And thank you

00:16:54.320 everybody at PJ

00:16:55.160 media for the fine

00:16:56.120 work that they're

00:16:56.680 doing there.

00:16:57.180 That's Megan Fox.

00:16:58.780 And Columbus

00:16:59.700 and Columbus

00:17:00.680 police, you're

00:17:02.300 on, you're on

00:17:03.660 notice.

00:17:04.340 I think we have

00:17:05.700 a few Ohio

00:17:06.840 listeners that

00:17:08.080 would like to

00:17:08.620 know what the

00:17:09.240 hell is going

00:17:10.100 on in their

00:17:11.760 own community.

00:17:12.960 And you

00:17:13.880 might want, I

00:17:14.700 mean, I'll, I'll

00:17:15.420 give you some

00:17:15.940 people to call

00:17:16.700 here shortly, but

00:17:19.200 you might, if

00:17:20.660 you're listening

00:17:21.260 in the, and

00:17:22.120 you're in

00:17:22.500 Columbus and

00:17:23.100 you work for

00:17:23.760 the police, you

00:17:25.180 might want to

00:17:26.100 call and say,

00:17:27.360 Hey, we

00:17:29.000 should call

00:17:29.540 Megan Fox

00:17:30.320 back.

00:17:32.920 Before the,

00:17:33.960 before just

00:17:35.100 whoop-ass is

00:17:36.960 opened up.

00:17:37.520 this is the

00:17:41.080 best of the

00:17:41.480 Glenn Beck

00:17:41.820 program.

00:17:42.220 And we

00:17:42.740 really want

00:17:43.200 to thank

00:17:43.500 you for

00:17:43.780 listening.

00:17:44.180 Carol Roth is

00:17:54.060 a friend and

00:17:55.340 a friend of

00:17:55.740 the program.

00:17:56.340 She's the 0.99

00:17:56.760 author of the

00:17:57.460 book, The

00:17:57.860 War on

00:17:58.420 Small Business.

00:18:00.080 She's a, in

00:18:01.180 her words, a

00:18:02.140 recovering

00:18:02.680 investment banker,

00:18:03.840 worked on Wall

00:18:04.940 Street for quite

00:18:05.680 some time, but

00:18:06.840 sees things from

00:18:07.980 Main Street and

00:18:09.060 can explain things

00:18:10.380 to Main Street

00:18:11.740 as opposed to

00:18:13.020 everybody else

00:18:13.540 who I just

00:18:13.880 think talks

00:18:14.380 about Wall

00:18:15.740 Street stuff.

00:18:16.660 And it

00:18:17.300 doesn't matter

00:18:17.900 to the

00:18:18.320 average person

00:18:19.220 unless you

00:18:20.980 can break it

00:18:21.560 down and

00:18:22.040 explain it.

00:18:23.680 Carol Roth,

00:18:24.220 welcome to the

00:18:24.680 program.

00:18:25.120 Hi, Carol.

00:18:26.200 Hi, Glenn.

00:18:27.060 How are you

00:18:27.380 doing?

00:18:30.200 Good.

00:18:31.440 Good.

00:18:32.660 I am.

00:18:33.420 Do you agree

00:18:34.000 with me on

00:18:34.560 Sri Lanka?

00:18:35.220 You've been

00:18:35.700 following that,

00:18:36.340 I'm sure.

00:18:37.620 Yes.

00:18:37.940 I don't know

00:18:38.420 if you know

00:18:38.820 this, but

00:18:39.340 Sri Lanka has 0.95

00:18:40.200 an ESG

00:18:40.940 score of

00:18:41.600 something like

00:18:42.320 98, so

00:18:43.700 good for

00:18:44.300 them.

00:18:44.760 That really

00:18:45.080 worked out

00:18:45.600 super well.

00:18:48.040 Yeah, yeah,

00:18:48.720 I know.

00:18:49.760 So we have a

00:18:51.180 couple of

00:18:51.480 things I want

00:18:51.900 to go through.

00:18:52.720 First of all,

00:18:54.320 the CPI,

00:18:55.900 this is the

00:18:56.560 consumer price

00:18:57.360 index, the

00:18:58.320 inflation number

00:18:59.420 is at 9.1.

00:19:02.540 I loved your

00:19:03.300 tweet the other

00:19:03.920 day.

00:19:04.120 Let me see if I

00:19:04.500 can find it.

00:19:04.940 You said,

00:19:05.840 first, there

00:19:06.860 will be no

00:19:07.360 inflation.

00:19:08.220 Then, inflation

00:19:09.280 is transitory.

00:19:10.540 Inflation is

00:19:11.180 good for you.

00:19:12.220 Inflation only

00:19:12.940 hurts the rich.

00:19:14.320 Inflation is

00:19:15.040 the consumer's

00:19:15.820 fault.

00:19:16.600 Inflation is

00:19:17.340 greedy business's 0.92

00:19:18.360 fault.

00:19:19.180 Inflation is

00:19:19.900 Putin's fault.

00:19:21.240 Inflation is

00:19:22.100 backward-looking.

00:19:24.000 And your

00:19:24.460 last one is

00:19:25.060 breadlines are

00:19:25.660 a great way

00:19:26.100 to meet people.

00:19:27.540 The latest

00:19:28.460 is it's

00:19:29.360 backward-looking.

00:19:30.640 That's what

00:19:31.120 the White House

00:19:31.580 came out and

00:19:31.980 said.

00:19:32.240 Those are old

00:19:33.080 numbers.

00:19:33.800 But they

00:19:34.080 didn't say

00:19:34.580 that the new

00:19:35.120 numbers would

00:19:35.720 be better.

00:19:37.560 I mean,

00:19:38.460 backward-looking

00:19:39.260 forward-looking

00:19:40.120 up, down

00:19:40.780 in a circle.

00:19:41.660 Like, whichever

00:19:42.100 way that you're

00:19:42.940 looking, this is

00:19:43.860 something that is

00:19:44.740 affecting all of

00:19:46.000 our lives.

00:19:47.000 You know, I was

00:19:47.320 thinking about

00:19:48.080 taxation and how

00:19:49.420 taxation is

00:19:50.360 theft, but it is

00:19:51.400 a one-time

00:19:52.060 theft.

00:19:52.520 It's a one-time

00:19:53.200 theft of your

00:19:53.840 earnings.

00:19:55.000 Inflation is

00:19:56.200 permanent theft.

00:19:57.360 It permanently

00:19:58.200 steals your

00:19:59.600 ability to

00:20:00.360 purchase goods

00:20:01.240 and services,

00:20:02.100 the wealth that

00:20:02.860 you've created,

00:20:04.020 everything that

00:20:04.560 you've worked

00:20:05.180 hard to earn

00:20:06.120 and saved.

00:20:07.020 And this is

00:20:07.960 what we're

00:20:08.440 seeing.

00:20:09.640 And, you

00:20:09.940 know, while

00:20:10.200 the 9.1%

00:20:12.020 wasn't necessarily

00:20:13.980 a surprise, it

00:20:14.840 is still really

00:20:15.520 shocking to see

00:20:16.300 it on paper.

00:20:17.600 And as you

00:20:18.220 and I have

00:20:18.620 discussed before,

00:20:19.960 you know, these

00:20:20.300 are the

00:20:20.620 manipulated numbers.

00:20:21.960 These are the

00:20:22.460 formula changes

00:20:23.600 that have

00:20:24.000 happened a few

00:20:24.920 times since the

00:20:25.940 1980s.

00:20:27.060 If you looked

00:20:27.800 on this, you

00:20:29.220 know, how it

00:20:29.640 would have been

00:20:30.220 on an apples-to-apples

00:20:31.540 basis to 1980,

00:20:32.980 it's probably about

00:20:34.100 double that.

00:20:34.900 So this is

00:20:35.940 theft from the

00:20:37.260 American people

00:20:38.280 by central

00:20:39.160 planning that

00:20:39.760 was completely

00:20:40.600 avoidable, and

00:20:42.040 it is just so,

00:20:44.240 so frustrating

00:20:45.040 and angering.

00:20:47.420 So they said,

00:20:49.000 I read an article

00:20:49.640 early this morning

00:20:50.660 that talked about

00:20:51.760 there's a possibility

00:20:53.640 that by the end

00:20:54.580 of the month,

00:20:55.080 the Fed is

00:20:55.720 talking now about

00:20:56.700 raising it

00:20:57.320 another point,

00:21:00.460 another point.

00:21:01.440 And you gave

00:21:02.020 me a stat a

00:21:02.780 while back,

00:21:03.440 because people

00:21:04.120 don't think

00:21:04.660 this, our

00:21:06.160 debt has

00:21:08.160 interest attached

00:21:09.740 to it, and

00:21:10.580 when we go

00:21:11.340 out as a

00:21:12.080 nation for

00:21:13.140 a trillion

00:21:13.860 dollars, we

00:21:15.380 have to pay

00:21:16.060 interest.

00:21:16.920 And you gave

00:21:17.400 me a stat for

00:21:18.100 every one point

00:21:19.320 added, it adds

00:21:20.640 to our debt

00:21:21.720 and deficit,

00:21:22.540 how much?

00:21:23.800 Okay, so

00:21:24.240 this is not

00:21:27.300 a direct line,

00:21:28.460 but basically

00:21:28.980 think about this,

00:21:29.920 we have about

00:21:30.840 a six to

00:21:32.300 seven year

00:21:33.440 average on

00:21:34.460 our debt,

00:21:35.000 which means

00:21:35.420 that our

00:21:35.720 national debt

00:21:36.280 is constantly

00:21:37.000 being refinanced,

00:21:38.240 and as we

00:21:38.720 take on new

00:21:39.400 debt, we

00:21:40.200 have to go

00:21:41.100 out and pay

00:21:41.820 for that at

00:21:42.300 new rates.

00:21:43.380 So whether

00:21:43.920 you're refinancing

00:21:45.100 it or you're

00:21:46.760 taking on new

00:21:47.620 debt, for

00:21:48.900 every one

00:21:49.780 trillion dollars

00:21:51.040 that we

00:21:52.240 either refinance

00:21:53.420 or take on

00:21:53.860 a new debt,

00:21:55.240 that will be

00:21:55.920 an extra

00:21:56.540 100 billion

00:21:58.160 dollars that

00:21:59.160 is added to

00:22:00.560 our interest

00:22:01.440 service on

00:22:02.400 the debt.

00:22:02.860 So stuff that

00:22:03.660 we have already

00:22:04.400 paid for.

00:22:05.160 It's not a

00:22:05.620 linear one-to-one,

00:22:06.480 it's not like

00:22:06.880 when the Fed

00:22:07.380 funds rate goes

00:22:08.840 up, it

00:22:09.500 automatically

00:22:10.040 increases the

00:22:11.000 debt, but it

00:22:11.860 does trickle

00:22:12.500 through, it

00:22:13.800 trickles through

00:22:14.420 to the 10-year

00:22:15.540 yields and the

00:22:16.260 three-year yields

00:22:16.980 and the two-year

00:22:17.460 yields, which

00:22:17.880 is the way

00:22:18.600 that we have

00:22:20.460 to finance

00:22:22.080 our debt and

00:22:22.880 what's paid

00:22:23.440 for it.

00:22:23.980 So if

00:22:26.360 we did

00:22:27.360 have to

00:22:29.160 redo

00:22:29.940 five trillion

00:22:31.980 dollars in

00:22:32.720 our debt,

00:22:33.260 which is not

00:22:33.840 unusual, if

00:22:35.140 we had to

00:22:35.680 buy and

00:22:36.720 refinance

00:22:37.780 another five

00:22:38.360 trillion on

00:22:38.820 our debt,

00:22:39.640 that would

00:22:40.140 add a

00:22:41.960 trillion dollars

00:22:44.060 worth of

00:22:45.240 debt, would

00:22:45.780 it not?

00:22:46.160 Because we've

00:22:46.720 gone up two

00:22:47.880 points or we

00:22:48.460 will have

00:22:48.940 gone up two

00:22:49.500 points.

00:22:50.640 Yeah, I

00:22:50.880 mean, if

00:22:51.180 you, yeah,

00:22:51.660 that's correct,

00:22:53.360 yes.

00:22:54.860 Yeah, holy

00:22:55.880 ow. 0.99

00:22:56.920 Yeah, I mean,

00:22:57.300 the projections,

00:22:57.960 if you look at

00:22:58.420 what interest

00:22:59.200 rate?

00:23:01.760 I was going to

00:23:02.420 say, if you

00:23:02.740 look at the

00:23:03.220 CBO projections,

00:23:05.120 you know, they

00:23:05.540 project out into

00:23:06.600 the future and

00:23:07.740 the numbers in

00:23:08.600 terms of the

00:23:09.480 debt and what

00:23:10.100 we're going to

00:23:10.580 be paying on

00:23:11.440 it in the

00:23:11.960 future, and

00:23:12.460 they're using

00:23:13.180 conservative

00:23:13.680 numbers, they're

00:23:14.300 not even

00:23:14.620 expecting these

00:23:15.380 Fed rates,

00:23:16.260 would absolutely

00:23:17.280 blow your 0.91

00:23:17.840 mind.

00:23:18.160 I mean, it

00:23:18.360 becomes the

00:23:19.080 largest item

00:23:20.240 that the

00:23:20.960 government has

00:23:21.960 to pay for,

00:23:22.740 which obviously

00:23:23.740 takes away

00:23:24.480 spending from

00:23:25.160 other areas

00:23:25.980 and or

00:23:26.880 increases your

00:23:27.640 taxes.

00:23:29.760 Unless you're

00:23:30.540 using modern

00:23:31.120 monetary theory,

00:23:32.620 which we are

00:23:33.260 now basically

00:23:34.260 using modern

00:23:35.500 monetary theory,

00:23:36.400 which means you

00:23:36.980 can print

00:23:37.400 whatever you

00:23:38.020 want, the

00:23:38.500 government

00:23:38.740 doesn't have to

00:23:39.300 worry about

00:23:39.740 it, but

00:23:40.360 that's exactly,

00:23:41.980 I mean, they

00:23:42.540 said it in

00:23:43.760 Sri Lanka, they're 1.00

00:23:44.960 using modern

00:23:45.940 monetary theory and

00:23:47.200 it has wiped

00:23:48.120 them out, wiped

00:23:49.260 them out.

00:23:49.720 Yeah, I mean,

00:23:51.040 this is basically

00:23:51.820 the concept of

00:23:53.040 what's happening

00:23:53.680 here in terms of

00:23:54.860 our liabilities.

00:23:55.940 They're trying to

00:23:56.520 take a dollar

00:23:57.180 from your left

00:23:58.140 pocket, move it

00:23:59.480 to your right

00:24:00.120 pocket and go,

00:24:01.040 oh, look, you

00:24:01.640 have a new

00:24:02.180 dollar.

00:24:02.780 You know, that's

00:24:03.360 not the way that

00:24:04.060 any of this

00:24:04.720 works.

00:24:05.440 And we are all

00:24:06.120 feeling the

00:24:06.680 effects of this,

00:24:07.960 you know,

00:24:08.220 fantastical buy-in

00:24:09.940 to magic money

00:24:11.380 tree, a.k.a.

00:24:12.780 MMT, modern

00:24:13.820 monetary theory,

00:24:15.060 the idea that just

00:24:15.940 because you have

00:24:16.800 the printing press

00:24:17.920 that you can keep

00:24:18.920 printing money

00:24:19.760 without having a

00:24:21.320 subsequent effect

00:24:22.240 on the dollar.

00:24:23.100 You know, the

00:24:23.320 money's supposed to

00:24:24.140 stand for

00:24:25.020 productivity.

00:24:26.340 You earn this,

00:24:27.280 this is a stable

00:24:28.740 representation of

00:24:30.600 your productivity.

00:24:31.600 If you double or

00:24:32.860 triple or quadruple

00:24:34.120 the amount of

00:24:35.440 those dollars

00:24:36.560 without increasing

00:24:37.780 productivity, then

00:24:39.080 each one of those

00:24:40.020 in turn is worth

00:24:41.440 less.

00:24:42.000 And that is what's

00:24:42.740 happening and that's

00:24:43.520 why the value of our

00:24:44.820 dollars are being

00:24:45.500 eroded.

00:24:45.900 Go back to that

00:24:47.260 1970s Saturday

00:24:48.720 Night Live skit

00:24:49.700 with Dan Aykroyd

00:24:50.680 pretending to be

00:24:51.320 Jimmy Carter.

00:24:52.480 You know, we're

00:24:52.820 all going to be

00:24:53.520 millionaires and,

00:24:54.880 you know, we're

00:24:55.140 going to be driving

00:24:56.080 around in cars that

00:24:57.300 cost, you know,

00:24:57.940 $20 million.

00:24:59.220 So, you know, it

00:25:00.480 sounds great from a

00:25:01.700 top-line standpoint

00:25:02.600 until you kind of

00:25:03.480 get into it.

00:25:05.920 Okay, so most

00:25:07.100 people put their

00:25:08.040 money in their IRA

00:25:08.920 and then until they

00:25:10.320 get older, they

00:25:11.200 don't even look at

00:25:11.980 it.

00:25:12.980 And that's probably

00:25:13.980 a good thing when

00:25:15.020 you're dealing

00:25:15.600 with the stock

00:25:16.360 market, you just

00:25:17.480 leave it in and

00:25:18.920 it has its ups and

00:25:19.860 downs and you start

00:25:20.780 looking at it maybe

00:25:21.660 when you're 50 or

00:25:22.700 60 and you're like,

00:25:23.680 all right, wait a

00:25:24.080 minute, and start

00:25:25.800 to make sure that

00:25:28.960 it's secure because

00:25:30.040 there's not a long

00:25:30.880 horizon that you're

00:25:32.960 looking at.

00:25:34.120 What's happening to

00:25:35.020 people's 401ks right

00:25:37.040 now and what can

00:25:38.780 they do?

00:25:40.640 So, there was a

00:25:42.680 research study that I

00:25:43.900 picked up that came

00:25:44.840 out and they said

00:25:46.000 from the beginning

00:25:46.840 of the year to

00:25:48.080 June of this year,

00:25:49.260 people have lost

00:25:50.300 $3.4 trillion in

00:25:52.600 their retirement

00:25:53.280 funds between 401ks

00:25:55.440 and IRAs.

00:25:56.680 This doesn't include

00:25:57.320 any other money that

00:25:58.400 may have been in the

00:25:59.180 market.

00:26:00.220 And this is, you

00:26:01.080 know, a horrendous

00:26:02.300 situation that has

00:26:03.720 been, you know,

00:26:04.460 completely fueled by

00:26:06.520 Fed policy, really

00:26:07.960 going all the way

00:26:08.860 back to the Fed

00:26:09.900 chair, Alan Greenspan,

00:26:11.320 who decided that he

00:26:12.360 was going to never

00:26:13.240 let the market fall

00:26:14.600 too much without

00:26:15.940 having some

00:26:16.500 intervention.

00:26:17.560 Then in the Great

00:26:18.560 Recession financial

00:26:19.440 crisis, Ben Bernanke

00:26:20.640 took that, put it on

00:26:21.720 steroids, and then

00:26:22.880 what Powell and his

00:26:24.660 group have done has

00:26:25.520 been, you know,

00:26:26.060 completely crazy.

00:26:27.460 And we are living

00:26:29.040 through these crazy

00:26:30.180 boom and bust cycles.

00:26:31.720 I'm sure that most of

00:26:33.100 you have noticed that

00:26:34.260 over the last, you

00:26:35.220 know, several decades,

00:26:36.160 things are very

00:26:37.340 different than they

00:26:38.220 were in the decades

00:26:39.080 before, you know,

00:26:39.860 more of these huge

00:26:40.900 booms and busts.

00:26:42.460 And the reality is

00:26:43.760 that the people who

00:26:44.800 are already wealthy

00:26:45.860 and well-connected,

00:26:47.340 who have that long-term

00:26:49.340 staying power, they

00:26:51.100 don't mind this at

00:26:52.240 all because they

00:26:53.340 benefit when

00:26:54.180 everything goes up.

00:26:55.520 And then when

00:26:56.240 everything goes bust,

00:26:58.280 and, you know, you

00:26:59.200 as somebody who's

00:27:00.540 panicking and not

00:27:01.520 sure what to do, you

00:27:02.460 take your money out of

00:27:03.300 the market or, you

00:27:04.260 know, perhaps, you

00:27:05.080 know, in the Great

00:27:05.440 Financial, the Great

00:27:06.800 Recession financial

00:27:07.480 crisis, your home's

00:27:08.340 foreclosed on.

00:27:09.100 You know, all of

00:27:09.860 these things happen

00:27:10.780 and they fall on the

00:27:11.500 shoulders of the

00:27:12.060 little guy.

00:27:13.200 And then these, you

00:27:14.080 know, I'm calling

00:27:14.540 them vulture

00:27:15.140 capitalists, come in,

00:27:17.080 well-capitalized, buy

00:27:18.660 everything up at

00:27:19.840 pennies on the

00:27:20.920 dollar, and then

00:27:22.040 are positioned for

00:27:23.300 the next boom cycle

00:27:24.460 of interference.

00:27:25.500 And this is just an

00:27:26.740 epic wealth transfer.

00:27:28.580 It's been happening,

00:27:29.800 you know, on an

00:27:30.260 accelerated basis for

00:27:31.700 decades and decades,

00:27:32.860 and is the outgrowth

00:27:34.060 of just this horrible

00:27:35.460 central banking

00:27:36.680 experiment that has

00:27:38.220 gone wrong and has

00:27:38.960 been a complete

00:27:39.620 menace to society

00:27:40.700 and to the wealth

00:27:41.740 creation opportunities

00:27:42.840 for the average

00:27:43.800 American.

00:27:45.740 So what do people

00:27:46.860 do?

00:27:48.740 So if you can...

00:27:50.300 I think we're

00:27:50.760 losing the idea of

00:27:54.240 retirement for a lot

00:27:56.160 of people.

00:27:56.960 I just, I don't think

00:27:58.300 that retirement is

00:27:59.460 going to be a thing

00:28:00.400 of the nearer future.

00:28:03.640 Yeah, I mean, certainly

00:28:04.980 not at the ages I

00:28:06.320 think that people

00:28:07.180 perhaps were expecting

00:28:08.980 because you don't know

00:28:10.020 what's around the

00:28:10.840 corner.

00:28:11.360 This is where I

00:28:12.000 encourage everybody to

00:28:13.000 talk to their

00:28:14.020 financial advisor because

00:28:15.300 each person's scenario

00:28:16.980 is so different and

00:28:18.120 depending on your

00:28:18.840 time frame, you know,

00:28:20.520 because of these boom

00:28:21.620 and bust cycles that are

00:28:22.580 caused by the Fed and

00:28:23.780 central planning, you

00:28:25.120 know, timing is really

00:28:26.520 important, you know,

00:28:27.280 depending on when it is

00:28:28.560 that you decide to

00:28:29.500 change your portfolio

00:28:30.460 structure, can change

00:28:32.080 everything in your life.

00:28:33.920 But if you are, you

00:28:34.940 know, younger and you

00:28:35.700 have that ability to

00:28:36.700 have the staying power,

00:28:37.920 you want to do the

00:28:38.700 same thing that the

00:28:39.440 well-capitalized people

00:28:40.660 are doing and wait for

00:28:42.300 those bust cycles and be

00:28:43.760 able to participate as

00:28:45.500 a vulture capitalist,

00:28:47.100 even if it's on a

00:28:47.800 smaller scale, and, you

00:28:49.200 know, buy low and ride

00:28:51.580 the upside to that.

00:28:52.900 But you need to have

00:28:54.320 that planning in place

00:28:55.580 because we are now

00:28:56.600 living in a way that's

00:28:57.780 not free market.

00:28:58.860 It's completely driven

00:29:00.060 by this sort of

00:29:01.760 externality, and that

00:29:03.400 means that, you know,

00:29:04.580 timing changes, and if

00:29:06.440 you are somebody who's

00:29:07.460 retiring in a bad

00:29:08.700 cycle, you know, you're

00:29:09.920 going to feel that

00:29:10.620 burden on an

00:29:11.380 exponential factor.

00:29:13.300 So, Carol, first of

00:29:15.180 all, explain what the

00:29:16.720 president did with the

00:29:18.520 unions.

00:29:20.200 So, he's still running

00:29:21.680 around talking about the

00:29:23.820 American Rescue Plan,

00:29:25.620 which is, you know,

00:29:26.540 hilarious.

00:29:27.180 He's got absolutely

00:29:27.840 nothing to hang his hat

00:29:29.020 on.

00:29:29.240 So, he's going back

00:29:30.240 and he's running

00:29:31.140 around and talking

00:29:31.680 about what he did in

00:29:32.500 March 2021.

00:29:33.900 Now, obviously, he's

00:29:34.820 not talking about all

00:29:35.680 the bad things that

00:29:36.820 came out of that, you

00:29:38.520 know, things like, you

00:29:39.980 know, the stimulus that

00:29:41.480 caused inflation and

00:29:42.880 raising the reporting

00:29:44.020 requirements for Etsy and

00:29:45.800 eBay for, or lowering

00:29:47.360 them, excuse me, from

00:29:48.200 $20,000 to $600 because,

00:29:50.620 you know, all those

00:29:51.420 billionaires with $600

00:29:52.620 accounts, we need to

00:29:53.940 crack down on them.

00:29:55.060 Um, he's hanging his

00:29:57.280 hat on a piece of

00:29:58.420 legislation that was

00:29:59.880 in that, that was

00:30:00.680 called the Butch

00:30:01.340 Lewis Act.

00:30:02.760 And basically, that

00:30:03.940 was, we are going to

00:30:05.340 be the guarantor of the

00:30:08.020 union pensions.

00:30:09.400 Now, we've been told

00:30:10.540 that unions are very

00:30:11.760 important, right?

00:30:12.780 You know, they need to

00:30:13.560 be there in order to

00:30:14.760 secure people's futures

00:30:16.080 and be there for the

00:30:16.940 workers, but apparently

00:30:18.160 they're not real good at

00:30:19.860 managing the pensions.

00:30:20.940 So now we need to get

00:30:22.180 involved.

00:30:23.160 And so he touted that

00:30:24.820 this was going to

00:30:25.680 impact, you know,

00:30:26.540 several million, um,

00:30:28.540 pensions.

00:30:29.600 Some of the reports I've

00:30:30.920 seen are downplaying

00:30:32.120 that number and saying

00:30:32.920 it's fewer, but

00:30:34.240 basically what they did

00:30:35.840 is that there is a

00:30:36.640 pension, you know,

00:30:37.580 guarantee corp and

00:30:38.700 they allowed them to,

00:30:40.000 to do some things and

00:30:41.240 change some things around

00:30:42.020 and make sure that

00:30:42.620 these pensions were

00:30:43.620 solvent.

00:30:44.380 But what they didn't do

00:30:45.740 is actually anything

00:30:46.860 structural to fix the

00:30:49.560 pension.

00:30:49.940 So just like, you

00:30:50.980 know, social security,

00:30:52.780 all of the, um, you

00:30:54.280 know, state pensions,

00:30:55.980 union pensions, like

00:30:56.620 whatever it is that

00:30:57.760 typically has a defined

00:30:59.140 benefit attached to it,

00:31:00.480 um, and ends up being a

00:31:02.420 huge drag and a huge

00:31:03.500 burden on everybody and,

00:31:05.080 and, and, you know,

00:31:05.960 not solvent.

00:31:07.020 Um, they just kicked the

00:31:08.440 can down the road, but

00:31:09.640 since he has absolutely

00:31:10.740 no other accomplishments

00:31:12.080 to hang his hat on,

00:31:13.380 this is what he's

00:31:14.060 talking about.

00:31:14.900 But the part of it that

00:31:16.460 really bothered me and,

00:31:18.260 you know, why I wrote the

00:31:19.460 piece for the blaze, um,

00:31:21.280 was that again, this is

00:31:22.480 the picking of winners

00:31:23.500 and losers that we keep

00:31:24.940 seeing over and over again

00:31:26.980 with the government.

00:31:28.220 And in this particular

00:31:29.600 case, they are going to,

00:31:30.960 to focus on making sure

00:31:32.720 that the union folks don't

00:31:34.560 lose 40% of their pension.

00:31:36.580 But as I just told you,

00:31:38.360 you know, through June this

00:31:39.680 year, they said $3.4 trillion

00:31:41.760 was lost from 401ks and

00:31:44.520 retirement funds for other

00:31:46.580 Americans who aren't 0.98

00:31:47.520 affiliated with the unions.

00:31:49.100 So, you know, that to me

00:31:50.540 seems, again, just this,

00:31:52.140 this government picking of

00:31:53.300 winners and losers.

00:31:54.400 And certainly if you're

00:31:55.560 going to do that, you would

00:31:56.380 think that wouldn't be

00:31:57.240 something you'd want to

00:31:58.080 brag about.

00:31:58.820 Maybe you'd do that on the

00:32:00.000 down low, but, you know,

00:32:01.560 he's out there touting that

00:32:02.800 as his accomplishment.

00:32:03.680 All right, Carol, I've

00:32:06.240 got to, we've got to cut

00:32:07.320 you loose.

00:32:08.080 I got to get back to an

00:32:09.360 Ohio story here in a

00:32:10.700 second, but would you

00:32:12.020 come back?

00:32:12.620 I want to, we are

00:32:15.260 crippling nations all 1.00

00:32:18.620 over, especially emerging

00:32:19.920 nations.

00:32:20.800 They are going to be

00:32:22.480 starving to death soon,

00:32:24.120 some of them.

00:32:25.520 And they have to pay

00:32:27.360 their own debt back in

00:32:28.780 dollars.

00:32:29.320 Dollars are becoming more

00:32:30.500 expensive for them.

00:32:31.700 The world is going to

00:32:33.680 hate us soon, I fear.

00:32:36.740 We'll talk about that when

00:32:37.740 you come back.

00:32:38.460 Thank you so much, Carol.

00:32:43.320 The best of the Glenn Beck

00:32:44.900 program.

00:32:54.500 This is the Glenn Beck

00:32:56.460 program.

00:32:56.820 I got to talk to you

00:33:00.080 about what's happening in

00:33:01.040 Ohio with the rape of 0.59

00:33:02.880 that 10-year-old.

00:33:03.880 It is worse than we

00:33:05.040 thought it was.

00:33:05.860 Something is not right.

00:33:06.960 We'll get into that here in

00:33:07.900 just a second.

00:33:09.300 But I want to stop here

00:33:11.660 for just a second as we

00:33:12.920 are wrapping up on the

00:33:14.860 economy.

00:33:16.260 Do not be fooled.

00:33:17.940 Do not be fooled on what

00:33:19.820 is happening with our gas

00:33:21.540 prices.

00:33:22.640 I know the White House

00:33:23.240 says this has come down

00:33:24.040 40%.

00:33:24.780 They're selling our

00:33:26.260 strategic oil reserve

00:33:28.500 to China.

00:33:31.240 That alone, I think, is

00:33:33.260 treasonous, seeing that it

00:33:34.840 was funneled through

00:33:35.920 Hunter Biden's company in

00:33:37.880 China.

00:33:38.760 It's crazy.

00:33:40.760 Crazy.

00:33:43.120 But right now, Joe Biden

00:33:44.720 is in Israel.

00:33:46.380 Why?

00:33:47.200 Why is he in Israel?

00:33:48.360 Because he's going to

00:33:49.320 Saudi Arabia.

00:33:50.460 And that's don't be

00:33:51.380 don't be distracted by his

00:33:53.760 trip to Israel.

00:33:54.640 He doesn't give a flying

00:33:56.720 crap about Israel, nor

00:33:59.360 does anyone in the

00:34:00.320 Democratic Party or the

00:34:01.420 majority of them.

00:34:02.980 OK, we have no strength

00:34:05.240 in the Middle East right

00:34:06.800 now.

00:34:07.220 None.

00:34:07.920 We abandon all of our

00:34:09.420 allies in Afghanistan.

00:34:11.480 The way we pulled out, it

00:34:13.300 makes us just look like

00:34:14.660 absolute fools and boobs. 1.00

00:34:17.060 Who wants to be on our

00:34:18.520 side?

00:34:18.820 We left the refugees that 1.00

00:34:22.100 we got out of Afghanistan.

00:34:24.280 We left them in the Gulf 1.00

00:34:25.900 States, trapped, because our

00:34:28.300 State Department won't let

00:34:29.320 them move anywhere.

00:34:32.580 We're negotiating with the

00:34:34.420 Middle East's biggest threat, 1.00

00:34:36.920 and that is Iran.

00:34:38.200 Saudi Arabia does not like

00:34:39.680 Iran.

00:34:40.380 Saudi Arabia wants to 0.90

00:34:42.060 defeat Iran.

00:34:43.180 Israel wants to defeat 1.00

00:34:46.140 Iran.

00:34:49.800 Jordan, the UAE, they do 1.00

00:34:53.080 not look at Iran as

00:34:55.240 anything other than a

00:34:56.500 grave threat.

00:34:58.340 And whose side are we on

00:34:59.580 right now?

00:35:00.320 Feels like we're on Iran's 0.98

00:35:02.160 side.

00:35:03.600 So we're negotiating with

00:35:05.160 them.

00:35:05.700 And then we're not only

00:35:07.200 putting our oil and gas

00:35:08.940 business out of business,

00:35:11.660 but we're doing it to the

00:35:13.580 Gulf States as well.

00:35:16.260 So now, the President

00:35:18.740 went to Israel yesterday,

00:35:22.300 and he was talking tough

00:35:23.620 on Iran.

00:35:24.220 We're going to make sure

00:35:25.200 that we have tough

00:35:26.360 sanctions on Iran, and

00:35:27.940 we're, yeah, they're

00:35:29.380 going to have to come

00:35:29.980 through us.

00:35:30.800 Who believes that in the

00:35:31.960 first place?

00:35:33.100 Second of all, he's not

00:35:34.740 saying it to Israel.

00:35:35.840 He's saying it because he's

00:35:37.520 going to Saudi Arabia.

00:35:39.340 So he's talking tough on

00:35:41.180 Iran because Saudi Arabia,

00:35:43.400 they view their biggest

00:35:45.040 enemy, if it's not us, it 0.96

00:35:47.460 would be Iran.

00:35:48.760 And our president is about

00:35:50.720 to almost literally go and

00:35:53.480 kneel to beg for them to

00:35:55.920 open up the oil and give

00:35:58.720 us, sell us some oil,

00:35:59.780 please open it up.

00:36:02.960 Now, can I just ask you to

00:36:04.580 think not as a Saudi Arabian,

00:36:06.920 not as a political person,

00:36:08.260 just as a business person,

00:36:11.000 okay?

00:36:12.700 Your, what used to be your

00:36:15.160 friend, has betrayed you.

00:36:18.660 They are working with

00:36:20.240 somebody who you feel is

00:36:22.120 their, is your biggest enemy,

00:36:24.180 and they're enabling them to

00:36:27.360 gain power.

00:36:30.280 Then, they're also doing

00:36:32.240 everything in their power.

00:36:33.520 In fact, they're leading the

00:36:34.880 march to put you out of

00:36:37.960 business.

00:36:38.860 And it's the only business you

00:36:40.800 really have in your country.

00:36:43.300 Okay?

00:36:43.920 It's made you rich, but you

00:36:46.120 didn't save it.

00:36:47.160 I mean, you got gold

00:36:47.960 Ferraris.

00:36:49.740 So, you're going to put us out

00:36:52.160 of business on oil?

00:36:54.660 Now that customer comes to you,

00:36:57.680 somebody you used to think is a

00:36:58.980 friend, you now know is not a

00:37:00.620 friend, and they say, hey, can

00:37:03.520 you sell us some of your

00:37:04.900 product?

00:37:05.980 Because we really, really need

00:37:07.620 it, and the world really, really

00:37:08.900 needs it.

00:37:11.260 Well, wait a minute.

00:37:12.380 Are you still going to try to

00:37:13.840 continue to put me out of

00:37:15.920 business globally?

00:37:19.220 Well, yeah, we have to because

00:37:20.700 of global warming, and ESG is the

00:37:22.940 wave of the future.

00:37:23.900 Do you give that person what

00:37:30.540 they need to weather the storm as

00:37:36.240 they're trying to put you out of

00:37:37.840 business?

00:37:38.680 Or do you say, no, I think I'm

00:37:42.280 going to let your people feel the

00:37:43.640 full ramification of this, because

00:37:46.080 it's probably the only hope that

00:37:48.900 they'll kick you out of office and

00:37:50.700 stop this insanity.

00:37:52.160 And I don't care about your

00:37:54.420 country, but I care about mine, and

00:37:56.500 our business, and what feeds our

00:37:58.140 people.

00:37:58.960 No, I'm going to let you feel the

00:38:00.260 full ramifications, because I've

00:38:01.660 already got another customer, China.

00:38:06.460 What does our president have to

00:38:08.340 promise Saudi Arabia to get them to

00:38:12.160 lower the price of oil and to pump

00:38:14.520 more?

00:38:15.620 What could that possibly be?

00:38:19.060 Because I know it's not because

00:38:20.660 it's we're friends.

00:38:24.800 I mean, we lead the world on

00:38:27.080 Build Back Better, our

00:38:28.400 corporations, our banks, our

00:38:30.900 government.

00:38:32.520 You know, we sent $60 billion to

00:38:35.040 fund this war in Ukraine for 0.64

00:38:38.300 against Russia.

00:38:41.320 But what's amazing is while this

00:38:43.580 country is at war, their citizens

00:38:47.020 are out of their house.

00:38:48.400 They fled to other countries, the 0.99

00:38:50.160 refugees, missiles are coming down

00:38:52.480 into their neighborhoods.

00:38:54.740 What is the Ukrainian parliament

00:38:57.000 working on?

00:38:58.820 A bill to allow gay marriage to

00:39:03.060 happen.

00:39:05.820 Now, now, wait a minute.

00:39:09.100 Ukraine is not a place that

00:39:11.000 traditionally is for gay marriage.

00:39:13.140 And they're in the middle of a war.

00:39:16.900 That's your priority?

00:39:18.360 I mean, that sounds purely American.

00:39:20.480 It sounds so ridiculous.

00:39:22.820 Well, it is American.

00:39:24.300 I can guarantee you.

00:39:26.260 Our money came with strings.

00:39:28.560 And it was all about

00:39:29.840 E, S, and G.

00:39:31.560 We've got to wake up.

00:39:38.820 People who think that gas prices

00:39:40.520 are going to come down.

00:39:41.340 Let me just give you this story

00:39:42.240 from the World Economic Forum.

00:39:44.680 World Economic Forum released a

00:39:46.580 position paper on Monday that

00:39:49.660 links two claimed global crisis as

00:39:53.460 one, climate change and the

00:39:56.040 decline of democracy.

00:39:57.600 It says fighting the former will

00:40:01.100 save the latter as long as

00:40:03.540 consumers stop burning coal, oil,

00:40:06.060 and gas in exchange for green

00:40:08.140 renewables.

00:40:09.200 The World Economic Forum paper

00:40:10.900 argues for the past 15 years,

00:40:12.760 democracy has been in decline

00:40:14.320 worldwide.

00:40:15.800 To protect and promote freedom,

00:40:17.820 leading democracies must strengthen

00:40:20.220 their economies and safeguard

00:40:22.380 liberty.

00:40:23.540 Now, why is this?

00:40:24.940 If you sign up for my newsletter,

00:40:26.740 and it's free, by the way, go to

00:40:28.180 glenbeck.com and sign up for it.

00:40:29.800 Let me see if I can find it real

00:40:30.940 quick.

00:40:31.740 There was a story that came out in

00:40:37.920 2003.

00:40:39.700 In fact, do we have this audio?

00:40:41.220 This is me in 2003 talking about

00:40:44.580 civil war.

00:40:45.780 Listen to this.

00:40:46.940 You know, is there a bigger example

00:40:48.540 of democracy and the health of

00:40:50.880 capitalism than the United States of

00:40:52.660 America?

00:40:53.380 I mean, that's it.

00:40:54.400 This is the pinnacle of this form

00:40:57.340 of government.

00:40:59.000 And we were about 80 years into it,

00:41:00.940 and we had a civil war.

00:41:03.740 80 years later, we were still to the

00:41:06.800 point where we could have a civil war.

00:41:10.340 Can you even imagine having a civil war

00:41:12.080 now?

00:41:12.960 What would it take to have a civil war?

00:41:16.540 I mean, look at, look what happened to

00:41:17.960 us in the 90s.

00:41:18.780 We almost, well, we did impeach a 0.98

00:41:20.760 president, almost removed him from

00:41:22.540 office, and nobody was talking about

00:41:24.140 getting to the street with guns.

00:41:28.740 Florida election?

00:41:30.540 That thing was hotly contested.

00:41:32.780 Back and forth.

00:41:33.480 People were passionate about their

00:41:35.140 views, and nobody was saying, it's a

00:41:37.680 civil war.

00:41:39.140 Nobody.

00:41:42.780 You know how, you know what it takes

00:41:44.240 to have a civil war?

00:41:45.200 It's incredible.

00:41:48.300 It takes

00:41:49.140 instability.

00:41:51.140 It takes poverty.

00:41:53.960 It takes gang rule.

00:41:55.580 That was 2003, and I was warning, we're

00:42:03.020 nowhere close to a civil war, but if

00:42:05.080 these trends continue, we will get

00:42:08.120 there.

00:42:10.040 All you have to do is impoverish the

00:42:12.800 people.

00:42:13.500 What's happening to you right now?

00:42:15.620 Are you getting into a better situation

00:42:18.020 or a worse situation?

00:42:19.680 I know people who have millions of

00:42:23.480 dollars.

00:42:23.940 I am, in my job, I am fortunate to

00:42:26.240 meet with regular people and prime

00:42:30.800 ministers and senators and business

00:42:33.520 icons, so I get the full scope of

00:42:37.280 things.

00:42:38.180 I know people who have millions of

00:42:40.240 dollars who are freaked out of their

00:42:42.820 mind right now, who are saying, I don't

00:42:45.700 know what to do with the money.

00:42:47.180 I just don't want to lose all of my

00:42:49.700 money.

00:42:49.980 Now, them losing all of their money would

00:42:55.160 probably put them in the situation, maybe

00:42:57.240 the best situation of your life.

00:43:00.340 But still, they're having the same feeling

00:43:03.640 that you're having.

00:43:05.620 Everyone knows, top to bottom, impoverishment

00:43:10.040 is coming.

00:43:10.840 Did you see what Spain just did?

00:43:14.140 The prime minister of Spain, just out of

00:43:17.020 the blue, levied a new tax on the banks and

00:43:21.540 financial institutions and energy.

00:43:25.140 There's a new windfall tax.

00:43:30.820 Well, this has put the stock market over in

00:43:33.920 Spain, just upended it.

00:43:36.840 Because now, if, wait a minute, you know, nobody

00:43:40.020 likes higher interest rates, but higher interest

00:43:42.540 rates do play a role in business.

00:43:45.780 If I can't give people a different interest

00:43:50.240 rate based on their situation, well, then

00:43:53.260 I don't have any risk.

00:43:55.760 I mean, it's all risk, because I can't

00:43:59.020 balance it out.

00:44:01.720 So they're just screwing up the free market

00:44:04.440 there, and they're going to use that money

00:44:06.840 because the prime minister says people can't

00:44:09.920 afford their lifestyle anymore, so the

00:44:12.480 government has to provide more.

00:44:14.780 So they're now going after anyone who has

00:44:18.360 any money, and that's coming.

00:44:21.420 That's coming.

00:44:23.980 Eventually, as Winston Churchill says, was it

00:44:27.340 Winston Churchill or Margaret Thatcher?

00:44:28.920 At some point with socialism, you run out of

00:44:31.980 other people's money.

00:44:35.380 But the World Economic Forum has now said

00:44:38.520 global warming and the saving of global

00:44:42.720 global freedom is all about getting off of

00:44:46.940 oil and coal, gas, all of it.

00:44:51.660 I will tell you it is the exact opposite.

00:44:55.000 This is what the hierarchy, the elites, are

00:45:02.840 walking in lockstep, because they know if they

00:45:07.140 don't change things, they're going to lose their

00:45:10.700 positions, they're going to lose their wealth.

00:45:14.240 So all of the elites have agreed, let's go with

00:45:17.280 this great reset, and we'll all work together.

00:45:19.760 The media, everybody, all the big, huge, huge power

00:45:25.140 players are playing that way.

00:45:27.260 As George Soros told one of my guys 15 years ago,

00:45:32.240 10 years ago, you tell your boss the ship has

00:45:36.280 sailed, and you're either on it or you are not.

00:45:39.460 Well, I would rather stand with you than be on a ship

00:45:44.260 of fools that is destined, destined for ports of

00:45:51.400 call that I never want to see.

00:45:56.360 The World Economic Forum says, now, if you listen

00:45:59.880 to Mr. Build Back Better, to Joe Biden, he will

00:46:03.640 tell you that it's the greedy oil companies.

00:46:06.440 No, it is not.

00:46:08.920 Mr. Build Back Better should understand that the

00:46:11.560 World Economic Forum says, that we need a clean

00:46:15.740 energy transition, and these countries, like

00:46:20.540 ours, are selling gasoline at too cheap a price

00:46:25.320 even today, and we need to stop the cheap

00:46:29.660 energy.

00:46:32.900 It's not stopping.

00:46:34.960 It's not stopping.

00:46:36.500 We have got to be informed.

00:46:38.600 Na, na, na, na.

00:46:41.560 Yeah,こ, na, na.

The Glenn Beck Program - July 14, 2022

Best of the Program ｜ Guest： Megan Fox ｜ 7⧸14⧸22

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