Glenn Beck and Bill O'Reilly are joined by Michael Malice to discuss the biggest stories of the week, including: - Bitcoin's halving in price, the Chobani/Chobani conspiracy theory, and more!
00:00:46.840Oh, and there's some help if you happen to live in Idaho.
00:00:51.140There's, I'd like your help on something.
00:00:53.660You'll hear about it in today's podcast.
00:00:55.820You're listening to the best of the Glenn Beck program.
00:01:07.240I have in my hands, the Idaho Association of Commerce and Industry made up board members, board members from companies like Chobani, the, you know, the yogurt people and Wells Fargo Bank and bear and Monsanto.
00:01:32.240And Cliff Bar, select health, Union Pacific Railroad.
00:01:38.240Oh my gosh, all of these people, all of the Facebook, Facebook is on this.
00:02:35.660They said, it's a, uh, the given legislatures, legislators who have heard me talk about ESG and believe in, believe it.
00:02:44.660It's a farcical conspiracy theory from which legislation will be crafted.
00:02:50.480It's easy to dismiss due to its lack of basis in reality, but the problems, any kind of legislation against it will create for business is real.
00:03:02.980But I, I mean, it's, it's just shocking how brazen the misinformation is because at the very least it's based in reality, but wrong, right?
00:03:13.000You're referring to something which is policy where there's websites about it, where people talk about it.
00:03:19.280So to say it's not based in reality is in and of itself a lie.
00:03:23.100Second of all, to claim that there aren't different organizations who are coordinating to further a specific agenda is in and of itself farcical.
00:03:33.840The fact that all these different Chobani is working with Facebook, it's, it's only a conspiracy, but you don't like it.
00:03:44.320What does the yoga company have to do with, you know, putting up baby pics and, you know, photos of your dog other than they have an agenda, corporate agenda that they want to further.
00:03:56.300It is, it's remarkable, um, how this is being, uh, how this is being squashed when you can see what is happening in Russia, Russia, this, by the way, uh, president Biden, uh, just said, we're going to hit pipe, uh, uh, Putin even harder.
00:04:17.360We have revoked our, uh, most favored nation status.
00:04:21.520And apparently we're not the only country that is doing that now, um, that's a harder punch.
00:04:27.240Um, but when you, when you have McDonald's saying, you know, uh, we just thought there might be a reputational risk.
00:04:34.100Uh, that's why we're closing all our restaurants.
00:04:36.000When they said, we're not closing all of our restaurants, you see ESG and how it works.
00:04:42.500I mean, it's just, it is collusion, but it is also pressure from all of the banks and all of the other players.
00:04:54.300Glenn, this is what's, what's really amazing.
00:04:56.420And this is kudos to you, because if this was, let's suppose 10 years ago, they wouldn't have to address it.
00:05:03.600And 10 years ago, you would have been reacting maybe after the fact, the fact that you can get ahead of this issue that you see, and plenty of other people see the tactics that are being used to control, manipulate, and preemptively nip it in the bud.
00:05:18.720And this is something that they can't handle.
00:05:23.300And this is something that curdles their yogurt.
00:05:26.600Because if they look at inflation is another great example, right?
00:05:30.800It used to be, it's not really happening.
00:05:33.700Oh, it's happening, but it's not a big deal.
00:05:36.160Well, it is happening, but it's a good thing.
00:05:38.360Stephen Colbert, who's a televangelist for progressivism, had his monologue saying, hey, sure, I'm paying more for gas, but that's the price I pay to be a patriot to kind of support Ukraine.
00:05:50.760It's like, you don't care about the problems of poor people in the slightest, and you're telling them that their suffering is virtuous and moral.
00:05:59.600Now, in many cases, sure, you have to make sacrifices for your kid, for your family, for your country.
00:06:04.180But you, Stephen Colbert, don't get to tell me what sacrifices I need to make.
00:06:11.160And inflation, which everyone uses currency, inflation is a sacrifice that literally everyone has to deal with, and it hurts the poorest the most.
00:06:20.200If Glenn Beck loses 10% of his money, you're still going to be okay.
00:06:23.780If I'm living hand-to-mouth, and I'm losing 10% of my money, that's food on the table.
00:07:11.600What were your thoughts about it, Glenn?
00:07:13.380Mine was that it was very, first of all, it was hysterical that we just don't have the energy for cryptocurrency like Bitcoin.
00:07:21.120It's just too much energy to verify everything.
00:07:24.900We needed a centralized, one computer with a password.
00:07:28.620Literally one computer with a password.
00:07:32.100So they're using energy now as one of the reasons why they have to have it.
00:07:38.060But the fact that you and I both know about the Hamilton Project, we've read these white papers at treasury.gov for a couple of years they've been out.
00:07:51.120And now they're saying, hey, we've got to look into this and study it.
00:08:01.020And I think that they have to move before the Republicans win, you know, or at least seeded.
00:08:08.720Well, I think it might be a little too late for them because I think what a lot of people saw, if you saw the Canadian trucker convoy, banks just seized assets without so much of an explanation.
00:08:19.880If you see what's going on with Russia, if you're a Russian citizen, there's lots of things you can't do right now.
00:08:25.540You can't use Google Play and other such apps.
00:08:28.060And they're seizing bank accounts there as well.
00:08:30.960So that is giving people an incentive, correctly or incorrectly, to look elsewhere to keep their money secure.
00:08:38.240And crypto, by design, is meant to be outside of the reach of any individual government.
00:08:43.960And if your money is out of their reach, they're really disempowered.
00:08:48.020And that's a real big problem for them.
00:09:06.900So in many different cities, Uber, rather than being legal, just launched the app, got everyone used to it.
00:09:13.060And by the time the legislature got around to it, people were like, hey, you can't take Uber away.
00:09:17.060So crypto's adaptation is a very good mechanism towards taking away the power of the Federal Reserve, which I'm sure you share my absolute contempt for.
00:09:27.340The problem is, though, is I think they're going to tie this to, because a key word in that executive order was, stabilization, economic stabilization.
00:09:39.160They need the Fed coin to provide economic stabilization.
00:09:42.780Well, that's true, because you're already operating on modern monetary theory, the first part.
00:09:47.860The second part is you have to control how that money is spent at the lowest level.
00:09:52.800Otherwise, you'll never control inflation.
00:09:54.440The White House, after denying that inflation was even real or that inflation was, I mean, two days ago, Jen Psaki said, no, inflation is going down if you look at the month a month.
00:10:44.380That dollar is supposed to be a standard of value.
00:10:46.720If that standard of value is collapsing, I can't make these kind of long-term plans.
00:10:51.860So this is just a lie to claim that it's for stabilization.
00:10:55.400When they say stabilization, they mean control.
00:10:58.040And it's kind of scary how much of the verbiage is straight out of Ayn Rand's novel Atlas Shrugged, because they use words in the exact opposite of what they mean.
00:11:07.420And they'll use whatever word they need in order to further their sense of power control.
00:11:12.000And Glenn, I got to tell you, it really seems to me like they're losing control of the megaphone and of many other things.
00:11:19.660And they're freaking out, and they don't know what to do about it.
00:11:22.460Well, usually what dictators do is start hammering.
00:11:28.740Usually dictators just shut everything down.
00:11:31.340When they feel they're losing it, they just start shutting things down.
00:11:36.180And I just, I fear, I don't fear, I feel that's where they're going.
00:11:45.700And that will put a big hitch in our get-along.
00:14:34.980You look a little like Colonel Sanders and you're all set.
00:14:37.760I want to read something to you, Adam, and just get your thoughts on it.
00:14:42.820We're working with 20 different states right now on legislation, anti-ESG legislation,
00:14:47.980and having the treasuries divest themselves of places like BlackRock, okay, that are clearly working against the interests of the everyday people.
00:14:59.840So this is a statement from the Idaho Association of Commerce and Industry.
00:15:05.700And I want to read this to you and get your thoughts.
00:15:09.120Some in the Idaho legislature are opposed to consider legislation to deal with ESG, or Environment, Social, and Governance.
00:15:16.820ESG, a risk management system, is being labeled as the latest threat to individual rights.
00:15:23.940While as preposterous as this sounds, folks like Glenn Beck have given legislators a farcical conspiracy theory from which legislation is being crafted.
00:15:35.620While it's easy to dismiss due to its lack of basis in reality, the problems it creates for businesses are real.
00:15:43.580Risk management for all companies, small and large, private, or publicly traded, have common threads in determining asset risks from environmental factors such as climate change or local weather patterns.
00:15:56.940Additional risks are present in employment and management relationships and community acceptance of the business.
00:16:03.400Finally, the governance of all companies are critical considerations when it comes to risk management for investors.
00:16:09.440Business is, by definition, based on a risk-reward system.
00:16:12.720Legislative efforts to manage how risk inputs are evaluated are unwelcome and foundationally dangerous to free enterprise.
00:16:25.960The Idaho Association of Commerce and Industry believes and defends that if Idaho wants to retain the moniker of the least regulated state in the nation,
00:16:37.300there is no role for government to dictate how business or business and their investors will evaluate the importance to each company,
00:16:45.360whether it is through formal systems labeled as ESG or otherwise.
00:16:50.420The tragic reality of the new world is one where talking heads drive policy to stir the masses by creating non-existent problems
00:17:03.200and then solving the problem with massive overreaches into the private sector.
00:17:09.740Businesses cannot stand by and allow this to happen, and we will firmly defend our members' ability to run their own companies in the way that best suits them as a private and independent entity.
00:17:36.060Well, unfortunately, and so much happened in such a fast amount of time since we last saw each other, and a lot of it's coming much closer.
00:17:46.300I think we're seeing the total capture.
00:17:58.160They're not quite sure exactly what it means.
00:17:59.620But, again, it stands for Environmental Social Governance, and there's a measuring standard that goes along with this, which was created literally by the bankers, including BlackRock, with a separate foundation, to determine how environmentally conscious, socially conscious, and governance conscious a corporation is.
00:18:22.400And we're talking mainly about publicly listed companies.
00:18:50.020It's the retirement funds, pension funds, insurance companies.
00:18:54.020And they have, you know, for their own clients, they have certain things they can and cannot invest in.
00:19:00.740And this ESG has become this fictitious score.
00:19:04.980And if I don't have a Merrill Lynch retirement account, but I understand that people who do are already seeing the ESG score of their portfolio, of the companies that they have in their portfolio.
00:19:18.700And so we've seen a lot of this taking place over the past probably five years is when it really started to accelerate.
00:19:27.720So environmental, that's all Green New Deal.
00:19:29.740And holy crap, we missed, we totally weren't paying attention, and they passed a trillion and a half dollars, of which half is going into that kind of stuff.
00:19:40.500The latest bill that just passed that.
00:19:43.220The latest one, yeah, the omnibus bill.
00:19:46.500These things are horrible when you look in at all the money, and that's all, I'm sure the Federal Reserve is very happy.
00:19:53.120Oh, yes, we've got to push some money out.
00:19:55.480Yeah, that's not going to help inflation, but the social part we've been watching, really, the acceleration with Black Lives Matter.
00:20:04.320You saw every corporation giving away tens of millions of dollars, or donating tens of millions of dollars to Black Lives Matter, Inc., which, by the way, has been completely dissolved.
00:20:25.480So, that's also what's, and then we have the governance part, which is equity.
00:20:31.820So, do we have the right amount of Black and Brown people in the organization?
00:20:35.660Do we have the right amount of female to male to transgender to whatever?
00:20:39.860It all has to be equitable and equal, and equity is really the key term.
00:20:45.180But the social governance capture has come closer to the environmental with the war, the war, I'll just say it, in Ukraine.
00:20:54.600I mean, first of all, COVID is yesterday's news.
00:20:57.560We're still in that headspace where we're freaked out about stuff.
00:21:03.360And during lockdowns, et cetera, the thing that everybody could kind of glom onto, which created this social cohesion that we all, oh, my goodness, there's, we can get out of this, was masking, social distancing, and eventually proof of vaccination, and et cetera, et cetera.
00:21:19.620So, now we have, we're still kind of reeling from COVID, and, you know, things are stopping, but, you know, there's not even any news about it.
00:21:26.760Please pay no attention to the Pfizer documents that came out.
00:21:29.560And we have tremendous inflation, uncertainty in the world.
00:21:53.000And we're all jumping on board, and this is wrong.
00:21:56.760This is fundamentally, at a human level, wrong.
00:22:00.200It's wrong also because despite what people say, that this is free market, that it's individual, you know, individuals get to choose their own way, that is not true.
00:22:27.340And because of this capture that's taken place with the large corporations who are advertising and telling everybody how great it is, I mean, the things that are happening.
00:22:36.840This morning, I got an email from Universal Audio.
00:23:13.180It is a psychological escape, and we're following straight into demise with what is happening.
00:23:24.640I said earlier today, if they can do this to Vladimir Putin, who willy-nilly just throws people out of windows and gets away with it, has billions of dollars and a country with a ton of nukes.
00:23:40.800If they can do this, if they can do this to him, what the hell do you think they'll think about doing something to you when you disagree?
00:24:53.320I think that's the biggest story of the week.
00:24:56.040Because once the central bank digital coin comes in—and you can find online videos of the director of the Bank of International Settlements talking about this.
00:25:13.100If they give you money, you might not be able to use it after a certain period.
00:25:18.980Literally, your dollars could be earmarked.
00:25:21.480And this can be tracked all the way through your spending habit.
00:25:24.120And when it pops up somewhere that you want to—I mean, I can imagine with the environmental part at a certain point, sorry, you can't buy gas today.
00:26:50.320Now, it's not tomorrow, but it's coming.
00:26:53.480It's coming, I think, sooner, maybe longer than we would expect, but sooner than we hope.
00:27:01.040You know, in that executive order that Biden put out this week, it says we have six months to decide and come up with a plan, and we're going to consult everyone.
00:27:11.540Well, it talked about all its stakeholders, other countries, businesses around the world, labor unions, but it didn't say anything about the American people or Congress.
00:27:25.940Is it all through the Federal Reserve they get to choose?
00:27:28.500Well, we have to go back to the Constitution, who's really allowed or has the power to create money, and that is certainly not a commercial bank.
00:27:39.780But that's—you know, the Federal Reserve Act changed that, so that would be something that we would have to go back to.
00:27:44.640But I think that what is good for people to understand, and it's—and I came to my own understanding when I talk to banker friends or people in politics, you even see it now when they talk about raising the debt limit.
00:27:58.600And there's—and, you know, there's always a polarizing issue, like, oh, my goodness, you know, oh, the Republic is going to shut down this, the Democrats are going to shut down the government.
00:28:07.140But what is really going on is—and they're always surprised, like, well, you can't not raise the debt limit.
00:28:14.560I mean, you will literally hear people say that.
00:28:16.500That's un-American because the way our system works, which the financial system is—and this is why the Federal Reserve, who does create our money through debt, says, you know, we like to keep inflation at 2% a year.
00:28:30.760That's not 2% what you're paying extra in gas or what you're paying for household goods or this consumer price index they've made up and changed throughout the years.
00:28:39.960That's how much money they need to print every single year to create in order for the system to work.
00:28:47.140And that's why, you know, a Toyota truck in the 70s cost $5,000.
00:29:25.040You know, it's not like 1950 to today.
00:29:28.280Well, so now the gig is up because throughout the financial crisis of 2008, 2009, when they created a whole lot of money, then we had a similar issue in the liquidity, i.e. banks weren't trusting each other to even lend to each other.
00:29:44.820So there's one or two weak sisters in the mix, which is still in there.
00:29:48.560Now we have another trillion and a half dollars going in.
00:29:52.280So they're solving these problems kind of as they go along.
00:29:55.200But the fix is the central bank digital currency because then you don't have to create more money.
00:30:02.380You can destroy money, and you can destroy it directly from people by taking off minute amounts of their bank account after the decimal in just forever.