The Glenn Beck Program - December 04, 2018


Best of the Program ｜ Guests： Andrew Heaton & Teeka Tiwari ｜12⧸4⧸18


Episode Stats

Length

44 minutes

Words per Minute

172.50708

Word Count

7,673

Sentence Count

697

Misogynist Sentences

3

Hate Speech Sentences

11


Summary

Glenn and Stu discuss the Orwellian freedom in China and the brave new world in the US and the UK, an update on what's happening with the U.K, and what the Apple CEO just happened to say about that as well. Plus, we delve into Bitcoin, $40k by the end of the year, and the guy who actually made that prediction.


Transcript

00:00:00.000 The Blaze Radio Network. On Demand.
00:00:08.360 Hey, welcome to the podcast. It's Glenn. Stu is on vacation this week.
00:00:12.840 Somehow or another, Andrew Heaton from Something's Off with Andrew Heaton.
00:00:17.140 I have assumed command of Stu's chair.
00:00:19.860 Yeah, and he stumbled in here, I don't know, after a long night of drinking or something.
00:00:24.280 I'm Stu Heaton.
00:00:24.580 Yeah, so anyway, we talked about a lot of things.
00:00:27.700 We started the podcast today with the Orwellian freedom, if you will.
00:00:34.000 1984 that is now happening in China.
00:00:38.980 And really a brave new world in the U.S. and the U.K.
00:00:42.820 An update on what's happening with the U.K.
00:00:44.420 And what the Apple CEO just happened to say about that as well.
00:00:49.440 Plus, universities are corrupt and as corrupt as the Catholic Church.
00:00:55.120 We delve into that. Bitcoin, $40,000 by the end of the year.
00:00:59.880 Not so much.
00:01:01.340 We talked to the guy who actually made that prediction all on today's podcast.
00:01:11.680 You're listening to the best of the Glenn Beck program.
00:01:15.840 It's Tuesday, December 4th.
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00:02:16.380 Glenn Beck.
00:02:18.440 You know, has anybody watched the movie 1984 George Orwell lately?
00:02:24.200 I mean, here's one.
00:02:25.380 Have you watched Game of Thrones?
00:02:26.680 Remember that scene, I think it was in the first or second season, where they strapped the rat cage to the guy's chest?
00:02:32.000 It was like, hey, tell us where it is.
00:02:33.940 I don't know what you're talking about.
00:02:35.680 And the rat burrowed his way through the person.
00:02:38.000 Remember that?
00:02:39.000 Yeah, that's kind of an old-timey version of 1984.
00:02:43.460 A vision of a world with an authoritarian government that controlled every aspect of its citizens' lives.
00:02:49.520 It was a brutal surveillance state.
00:02:52.180 It not only suppressed free speech, but it was in the business of actually changing the meaning of words.
00:02:59.540 It was called newspeak.
00:03:02.280 And Orwell's fictional country was based on the anti-America, the exact polar opposite or negative of America.
00:03:12.480 A reality our Constitution specifically protects us from, but also a world that Orwell knew was very possible under the European system.
00:03:24.200 Take a look around you.
00:03:27.040 Everything in this modern, evolving, and technological world.
00:03:30.300 I won't mention places like Russia, as things like oppression, surveillance, censorship is what they expect from their government.
00:03:44.400 But what is happening in the U.K. now is downright scary.
00:03:49.440 People like Tommy Robinson, he's getting arrested in the street for filming iPhone videos of Muslim rape gangs as they are going into the courtroom.
00:03:58.840 Back in the summer, when people gathered around the hospital to protest the killing of another baby, the euthanization of a baby,
00:04:08.380 the U.K. police announced that they would be monitoring Facebook and social media for anything critical of the government's medical decision.
00:04:19.040 I don't think it gets any more George Orwell than that, does it?
00:04:22.300 Now they've announced that if you live in the U.K. and you use the phrase, bringing home the bacon,
00:04:30.780 or the phrase, don't put all your eggs in one basket, that's going to be banned as well.
00:04:37.040 Apparently, it's offensive to vegans, who don't bring home the bacon, and Muslims, who don't like bacon.
00:04:44.940 An academic in the U.K. wrote recently with the need to do away with such offensive language.
00:04:53.280 And as ridiculous as it sounds, they're going to do it.
00:04:56.800 But this is the world of relativism, where there is no right or wrong.
00:05:01.980 Whether you can speak or not is all dependent on who is in charge of what is politically correct.
00:05:12.220 Whether something is right or wrong is relative to whatever random person or group thinks is right or wrong.
00:05:19.620 And you better hope that that group that thinks you're wrong never gets into power.
00:05:25.140 Free speech is a God-given right.
00:05:31.160 But it may not be relative to an authoritarian oppressive police state.
00:05:37.860 And that's what's coming our way.
00:05:40.120 It can never happen here, right?
00:05:42.220 We're protected under the Constitution.
00:05:44.160 We have a right to free speech.
00:05:45.360 Not if you talk to most college students.
00:05:48.460 I'd like to argue that even though the government is limited in what it can do to us,
00:05:53.940 we're already giving up our rights freely.
00:05:56.400 And we're not even realizing it.
00:05:58.760 See, we're not doing 1984.
00:06:01.000 We're doing Brave New World.
00:06:03.360 Those were the two competing visions.
00:06:05.240 One was done through happy pills and in advertisements.
00:06:10.780 And the other was through just this authoritarian state that would strap a rat cage to your face.
00:06:17.020 Well, they're both being done.
00:06:18.500 One's being done in China and one's being done here.
00:06:21.220 Is there a difference between banning a saying like bringing home the bacon
00:06:26.520 and the current discriminant re-platforming or de-platforming going on with companies like Facebook, Google, and Apple?
00:06:35.440 The CEO of Apple, Tim Cook, spoke yesterday about how he feels about de-platforming and free speech.
00:06:44.040 Listen.
00:06:44.180 I believe the most sacred thing that each of us is given is our judgment, our morality, our own innate desire to separate right from wrong.
00:06:59.520 Choosing to set that responsibility aside at a moment of trial is a sin.
00:07:05.640 So, he was talking about de-platforming and how not silencing voices is a sin.
00:07:16.620 No, remaining silent in the face of evil is evil itself.
00:07:22.240 Not silencing someone else.
00:07:26.020 Tim Cook's words, a sin, not mine.
00:07:29.900 It's a sin if they don't restrict free speech.
00:07:33.260 Now, these are the words that I would expect coming from, you know, the leaders of China or Russia.
00:07:39.900 Not from a CEO living in the freest nation on the planet or what used to be.
00:07:46.880 Last December, Tim Cook spoke in China and told the Assembly that China's vision for the Internet is, quote,
00:07:52.740 a vision that we at Apple share.
00:07:57.780 Are you kidding me?
00:07:59.900 China's view of the Internet is ultimate censorship.
00:08:03.260 It is a tool for propagandists to fuel the police state.
00:08:09.220 This is the future of Silicon Valley.
00:08:12.440 And it's the future that they foresee for us.
00:08:15.280 Orwell's nightmare could not be completed under our Constitution.
00:08:20.920 The government can't take away our rights as they do in places in the UK or in China.
00:08:25.280 That's why the corporations will do it.
00:08:28.680 The government doesn't have to.
00:08:30.680 We're giving our freedom of speech away freely to the overlords at Facebook, Google, and Apple.
00:08:40.420 We welcome to the program Mr. Andrew Heaton, who is new and joining us from the blaze and has his own podcast.
00:08:50.300 Something's Off.
00:08:50.940 Something's Off with Andrew Heaton.
00:08:51.880 With Andrew Heaton.
00:08:53.220 Welcome, Andrew.
00:08:53.940 How are you?
00:08:54.060 Thank you, Glenn.
00:08:54.580 Thank you for having me.
00:08:55.340 Good morning to you.
00:08:55.980 Yeah.
00:08:56.140 So I know you're a libertarian and you and I disagree on several things, but we like each other and we agree on most things, wouldn't you say?
00:09:04.140 Sure.
00:09:04.420 Yeah.
00:09:04.540 How are you feeling about the whole freedom of speech thing that's happening in not only in England and China, but also here now in a different way?
00:09:16.980 I think that there's two things that are worth looking at.
00:09:20.120 There's two sides to it.
00:09:20.880 There's the legal side of it, which in the United States, we're pretty good legally in terms of freedom of speech.
00:09:25.100 That's not so much under assault.
00:09:27.740 But there is a culture of freedom of speech, which I do think is problematic.
00:09:31.400 We're seeing that on college campuses.
00:09:33.500 We're seeing that in general where you're going to get in trouble if you say a particular thing and we're kind of tightening the bandwidth of what we can discuss.
00:09:40.260 And that I'm very much concerned about.
00:09:42.000 Yeah.
00:09:42.400 Everybody is.
00:09:43.140 I mean, if you are in college and you are taught that you have a right to silence someone, you're going to be the next generation that will change the rules.
00:09:52.780 Have you had Greg Lukianoff on your show before?
00:09:55.100 Oh, yeah.
00:09:55.340 I'm having him on Friday.
00:09:56.540 He wrote a book called The Coddling of the American Mind.
00:09:58.520 Oh, yeah.
00:09:58.740 And I was reading through it.
00:09:59.700 And it was great.
00:10:00.340 One of the things I want to talk to him about, the book seems to get into, is we're both in media.
00:10:04.920 And so it's difficult for me to determine, see, on college campuses, are we, are college campuses more opposed to freedom of speech now?
00:10:13.560 Or are we just talking about it more?
00:10:15.340 And the book would indicate that quantitatively it is, in fact, you know, they're disinviting more people.
00:10:20.180 Oh, yeah.
00:10:20.400 It seems to kind of kick off around 2013.
00:10:22.040 And he's got some interesting theories as to why that is.
00:10:24.320 Yeah.
00:10:24.600 But I, like, I'm a libertarian.
00:10:26.700 I'm more emphatically a comedian.
00:10:28.760 And I would say, as a comedian, I think the two places that we should actually have freedom of speech.
00:10:32.800 Comedy's dead.
00:10:33.720 Huh?
00:10:34.220 Comedy's dead.
00:10:34.900 Oh, nuts.
00:10:35.760 So should I become a gardener?
00:10:37.140 No, I mean, but listen, comedy, you watch television now.
00:10:40.820 Nobody's trying to do comedy.
00:10:42.140 There's a few people.
00:10:43.180 Everybody's going for clapter, not laughter.
00:10:45.180 That's true.
00:10:45.620 There's a lot of that.
00:10:46.580 They just want everybody to go, oh, yes, that's right.
00:10:50.640 Yeah.
00:10:50.820 I would say political satire for sure is in a slump right now.
00:10:54.680 Slump.
00:10:55.200 It is in a slump.
00:10:56.000 Yes.
00:10:56.520 There's a, yeah, it's turning blue.
00:10:58.840 It's got rigor mortis, a slump.
00:11:00.980 It's, you know, and it's funny, too, because it's not, when I tell people I do comedy, they go, you must love the Trump years.
00:11:06.740 And I'm like, no, no, this is not.
00:11:08.380 I mean, for one thing, from just a, from a practical standpoint, in terms of making jokes, you want to be able to heighten.
00:11:14.040 And so if, if, if President Trump is like, I don't know, trying to hit Rosie O'Donnell with golf balls from a battleship, and that's like the actual headline of the day, like that's what he kicked his morning off with.
00:11:24.440 I can't go from there.
00:11:26.240 There's nowhere for me to go.
00:11:27.920 And so it's not easy.
00:11:30.220 It's tough right now.
00:11:32.300 Let me, let me bring you back to China here for a second.
00:11:35.200 Chinese journalist Liu Hu was, it was a guy who's always had trouble with the authorities.
00:11:42.140 He had been exposing corruption and wrongdoing in the government for a long time.
00:11:47.360 He's used to being hassled.
00:11:49.360 He's used to government fined.
00:11:52.260 He's used to apologies that he has to, you know, make, forced apologies.
00:11:58.100 Nevertheless, he continued in doing what he was doing.
00:12:02.140 He persisted.
00:12:02.960 He persisted.
00:12:03.840 Nevertheless, he persisted.
00:12:04.260 He persisted until one day in 2017, when he logged on to a travel site and he couldn't book a flight anywhere because the site said he was not qualified.
00:12:19.480 Then later he tried to buy a house.
00:12:22.600 What a surprise.
00:12:23.840 He wasn't qualified.
00:12:25.800 High speed train.
00:12:27.540 Nope.
00:12:28.480 Alone.
00:12:29.640 Uh-uh.
00:12:30.040 And there was nothing he could do about it.
00:12:33.500 He couldn't shop at any store that he wanted to go into.
00:12:36.820 He was basically shut off from absolutely everything.
00:12:41.580 And there's now 7.5 million people on this list.
00:12:46.680 The dishonest persons subject to enforcement list.
00:12:51.020 This is all part of their, their social credit score.
00:12:54.620 And, um, China monitors absolutely everything their citizens do and think, their political opinions, their shopping patterns, their travel history, their internet friends, all of it.
00:13:09.480 Now imagine a world here in America where you could no longer be able to buy or sell or open a bank account, get a loan, use public transportation, or get a job.
00:13:22.580 Right?
00:13:24.620 Imagine a world in China.
00:13:27.800 They are putting surveillance cameras up in the schools so they can constantly monitor students.
00:13:33.300 Now listen to this.
00:13:34.800 The surveillance cameras took data on the individual facial expressions and eyes and used that information to create a running score on each student in class.
00:13:44.440 If a score reached a predetermined point, the system triggered an alert, teachers were expected to take action to talk to the student perceived to be disengaged or overly moody.
00:13:55.980 Now, this sounds like crazy dystopian stuff that only China would do.
00:14:01.800 May I remind you that that is exactly how Bill Gates designed and described Common Core, that every child would have a screen in front of them with a camera monitoring their eyes.
00:14:18.420 So they could see the blood pressure in their eyes.
00:14:21.740 They could see everything and engage, see when the student was engaged, when they weren't engaged, except this was for the teacher's benefit.
00:14:30.020 This wasn't for the student, this was, and he said, over time, we'll be able to use that data to be able to figure out who slots into what job so they can be fast-tracked.
00:14:41.220 By the fifth grade, we can find out, you know what?
00:14:43.180 But he's really going to be good at construction work, and so he'll go fast-track on construction work.
00:14:50.840 Now, this sounds, I guess, to some people like Utopia.
00:14:55.320 To me, it sounds exactly like China.
00:14:59.040 What did you want to be when you were growing up?
00:15:01.340 Oh, gosh, what did I want to?
00:15:03.000 I'm still figuring that out, but about 15 different things.
00:15:06.520 When I was a little kid, I wanted to be a scientist.
00:15:08.040 And then when I was in high school, I figured I would either be a politician, an actor, or a priest, which in Oklahoma, you can do simultaneously.
00:15:16.280 You can be all three if you live in Blanchard County.
00:15:19.540 So I was looking into that.
00:15:21.560 I'm with you on China.
00:15:23.180 China is freaky.
00:15:24.760 And I think you kicked off the show with this comparison between Brave New World by Aldous Huxley in 1984, which I think is great, by the way.
00:15:33.100 A lot of the time, we only talk about 84.
00:15:34.600 We don't talk about Aldous Huxley.
00:15:37.260 We've been in the Aldous Huxley realm.
00:15:39.460 We still are.
00:15:40.360 Yeah, I think it's happening at the same time.
00:15:43.260 We've been arguing which one was going to happen.
00:15:45.320 Yeah.
00:15:45.680 Well, they're both happening.
00:15:47.360 You have to sell it one way to us and another way to the Chinese.
00:15:52.460 They're so afraid right now.
00:15:54.300 They accept the cameras.
00:15:55.780 They're so afraid of saying anything now, they're all just saying, oh, no, this is great.
00:16:00.680 In China?
00:16:01.080 In China.
00:16:01.540 Yeah.
00:16:01.660 So right before I came over here and started working at The Blaze, I was in China this summer for the China International Stand-Up Comedy Festival in Shanghai.
00:16:10.080 And I got to finals, by the way, which is pretty good for a guy that doesn't speak Mandarin.
00:16:14.200 But they were very clear.
00:16:18.840 Like, you cannot say anything about Tibet, Taiwan, Tiananmen Square, or any existing member of government, whether it's good or bad.
00:16:25.780 And I didn't because it would have got the comedy club in a lot of trouble.
00:16:29.260 I don't know what would have happened to them.
00:16:30.300 I think they would have been canceled.
00:16:31.980 Like, they would have shut the club down.
00:16:33.080 I don't know.
00:16:33.820 But you could sense that.
00:16:34.780 The interesting thing was, if I brought up something about genders or something, you know, men and women are different, I could tell that the audience was a little—I was less worried about angering someone there than places have been in America on a social level.
00:16:46.260 But when it got to anything political, even remotely, like at one point I mentioned that I couldn't access my email because they've outlawed Google over there.
00:16:53.220 They don't have Google.
00:16:53.880 They don't have Gmail.
00:16:54.760 They don't have Facebook.
00:16:55.780 They only have one government-monitored app for all social media so that they can—
00:16:59.600 Well, until Google started helping them.
00:17:02.060 Now it's—
00:17:02.380 Yeah.
00:17:02.560 Now it's back.
00:17:03.240 They're now over there.
00:17:04.120 But when I was there, it wasn't there.
00:17:05.760 And I mentioned that.
00:17:06.280 And you could just—you could hear everyone in the room just go and get very uncomfortable for fear of what was going to happen next.
00:17:13.220 But that is a kind of—I don't know what you'd call it, a prosperous totalitarian state or an increasingly prosperous totalitarian state.
00:17:21.160 Like, the Soviet Union fell apart, right?
00:17:23.080 And Gorbachev, who I like because he was a death knell to the Soviet Union, had sort of banked on them being able to open up with freedom and let that happen.
00:17:32.980 And it fell apart.
00:17:34.580 China has gone the other way, where they're like, well, we're going to give you some market freedom, but we're going to keep this tight, tight, tight grip on all civil liberties.
00:17:41.460 We're going to keep this tight grip on censorship and everything else.
00:17:43.900 And you need to be in favor of the state at all times.
00:17:46.300 Well, they are not going to be able to—they're not going to be able to reverse that now.
00:17:51.980 I mean, I don't know how the Chinese people get out of this now.
00:17:55.340 It would be real tough.
00:17:56.380 Are you following—I imagine you're following the stuff happening with Uyghurs in Western China?
00:18:00.660 Two million.
00:18:01.420 Yeah.
00:18:01.820 Two million in 1,300 prison camps now.
00:18:03.980 Yeah, they're actively in basically, yeah, like concentration camps.
00:18:08.840 And they're documented with biometrics.
00:18:11.560 I mean, like, there are people talking about how—and this isn't—I need to stress, this is stuff like BBC.
00:18:16.800 I mean, this isn't like—I'm not reading fringe stuff.
00:18:18.800 This is folks that are, you know, very well documented that are being cataloged by the government.
00:18:24.420 And there's all sorts of things.
00:18:25.580 There is fringe stuff about, like, organ transplants and stuff that we can get into.
00:18:28.920 Well, I want to tell you.
00:18:30.580 Did you hear about the guy—we're going to take a quick break because I have to take a break.
00:18:33.500 Did you hear about the guy that—I think it was last week or two weeks ago—that said he—I think you brought the story to the News and Why It Matters.
00:18:41.620 The guy who said he made a clone?
00:18:43.620 Or, no, gene splicing.
00:18:45.280 That's what it was.
00:18:45.740 Oh, yeah.
00:18:46.120 The first designer baby?
00:18:47.880 Yeah.
00:18:48.420 That was in China.
00:18:49.100 Although I will say the Chinese government was opposed to it.
00:18:51.080 Yeah.
00:18:51.440 But that did happen over there, and I think that's coming.
00:18:53.720 Do you know what happened to him?
00:18:55.320 Nope.
00:18:55.800 Oh!
00:18:56.320 Okay, I'll give that to you next.
00:18:57.860 Oh, nice.
00:18:58.380 Okay.
00:18:58.920 The best of the Glenn Beck Program.
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00:19:34.500 And if you subscribe for the year and you use the promo code BECKCHRISTMAS, you're going to get $20 off.
00:19:40.260 Makes a great Christmas gift for anybody and everybody, especially with some of the new shows that we have.
00:19:45.100 One of those is Andrew Heaton, who is, I think, comedian is a little too strong.
00:19:52.060 But he does a all-new podcast called Something's Off with Andrew Heaton.
00:19:56.140 Glenn, and we welcome him to the program.
00:19:57.840 Thank you.
00:19:58.500 Glenn, may I do, you know, I've got a different ad campaign than you guys have.
00:20:02.140 I have to seek out my advertisers to fund the program.
00:20:04.640 Would it be all right if I went ahead and did one on here?
00:20:08.620 I guess.
00:20:09.340 Okay.
00:20:09.820 Thank you.
00:20:10.200 So this is, as I said, my own ads on Something's Off with Andrew Heaton on my podcast.
00:20:14.620 This is going to be a sponsor later this week, but I get paid per ad, so I'm going to go ahead and run this.
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00:20:29.100 And let's face it, you'd be busy even if we cut everyone else out of the equation.
00:20:32.600 Between paying your bills and buying groceries, taking the kids to Taekwondo, home repair, walking the dog, volunteering, and, of course, work,
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00:21:27.020 Thank you, Andrew.
00:21:28.420 Now back to the program.
00:21:31.200 Have you ever had fish syrup?
00:21:33.240 Of course.
00:21:33.640 I'll begin every morning with a hearty bus of fish syrup.
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00:21:39.760 Okay.
00:21:40.380 Did you hear about the substitute teacher?
00:21:42.620 Yes, I did.
00:21:43.440 That has told the first-grade students that Santa is not real.
00:21:47.980 First of all, kids, not true.
00:21:49.900 Don't listen to this crazy person.
00:21:51.560 That's Pennsylvania right there.
00:21:52.940 Yeah.
00:21:53.420 Was it Montville, Pennsylvania?
00:21:54.860 Do I remember that right?
00:21:56.880 Yes.
00:21:57.440 No, New Jersey.
00:21:58.320 Oh, my bad.
00:21:58.460 It was New Jersey.
00:21:59.220 Okay, so a substitute teacher.
00:22:01.380 Poor man's Pennsylvania, New Jersey.
00:22:02.400 A substitute teacher for first-grade students told the kids that Santa isn't real, then went
00:22:11.280 on and said, parents just buy presents and put them under the tree.
00:22:17.800 Oh, I wish that were true.
00:22:20.040 And reindeer can't fly.
00:22:23.380 Elves are not real.
00:22:24.700 And the elf on the shelf is just a pretend doll that your parents move around.
00:22:29.080 That covered a lot of ground in that third-grade math class.
00:22:34.060 What exactly?
00:22:35.800 This is first grade.
00:22:36.920 First grade?
00:22:37.320 Oh, yeah.
00:22:37.920 First grade.
00:22:38.700 What?
00:22:39.480 I mean, that doesn't sound like a teacher having a bad day.
00:22:42.960 That sounds like an angry teacher.
00:22:45.460 Can I tell you about the time that I think I almost got fired?
00:22:48.340 And I'm going to make this G-rated.
00:22:50.300 Okay.
00:22:50.600 But I was in my colorful career.
00:22:54.460 I was a substitute teacher in the Deer Creek School District in Edmond, Oklahoma.
00:22:58.720 And I...
00:22:59.380 They'll take anybody.
00:23:00.340 Yeah, they'll...
00:23:00.840 Yeah.
00:23:01.540 I subbed between...
00:23:02.880 I think first grade was the youngest I did up through high school.
00:23:06.620 And when I was subbing first grade one day, a kid came up and he went, Mr. H, Bobby said
00:23:11.920 the C word.
00:23:12.620 And I went, oh, no, Bobby, do not say the C word.
00:23:16.320 You shouldn't...
00:23:16.700 Yeah, he said crap.
00:23:18.540 Oh, yes.
00:23:19.860 Don't say crap, children.
00:23:21.720 But I was about to, like, gather...
00:23:23.120 Come here, children.
00:23:24.060 Don't...
00:23:24.500 Here's a word I never want you to say.
00:23:26.300 Here's what it means.
00:23:27.180 Don't say this word, the C word that I'm about to utter.
00:23:30.140 And I like that.
00:23:31.100 I was so close to getting fired from that job, I think, if that had happened.
00:23:34.720 So...
00:23:35.120 But you...
00:23:35.920 You also...
00:23:37.500 Did you not tell children about being eaten by...
00:23:40.380 Yes.
00:23:40.680 Yes, I...
00:23:41.340 Yeah, well, multiple things.
00:23:42.620 So, like, most substitute teaching, a lot of the time, the teachers don't want you to...
00:23:47.320 They don't want you to continue their lesson a lot of the time, because they want to do
00:23:49.740 that, right?
00:23:50.120 So they're kind of giving you...
00:23:51.320 A lot of the time, they're giving you busy work.
00:23:52.800 And so, for high school students, I could do that.
00:23:54.520 I would roll in and go, look, don't do anything that gets you in trouble or gets me in trouble.
00:23:58.980 One of you needs to play chess with me.
00:24:00.280 As long as we do that, I'm not going to make you do this ridiculous worksheet.
00:24:03.140 You can just go on your phones or whatever.
00:24:05.440 But, yeah, with the...
00:24:06.760 So you were making sure us as parents were getting our money's worth.
00:24:09.340 Yeah, that's...
00:24:09.800 Yeah, okay, good.
00:24:10.500 You know, I can smell busy work.
00:24:12.460 All right.
00:24:12.800 And I'd make them do the busy work, but they usually give me, like, an optional worksheet.
00:24:16.360 But with elementary school students, you know, we'd have something to do, and we'd get through
00:24:20.380 it, and then I'd go, okay, if we get through this worksheet, the rest of the day will be
00:24:25.100 Velociraptor Awareness Day.
00:24:27.360 And we would.
00:24:27.960 And, like, the kids would go...
00:24:29.040 They'd get on Wikipedia.
00:24:29.940 Apparently, Velociraptors are basically large, angry chickens, is what we learned in real life.
00:24:34.260 They were feathered, and they were about knee-high.
00:24:36.980 You wouldn't want to tangle with one, but they're not as depicted in Jurassic Park.
00:24:40.000 That's from the research that I commissioned for second graders.
00:24:41.920 Really?
00:24:42.120 So they were not rip you apart?
00:24:44.680 That was not anatomically accurate.
00:24:45.920 Yeah.
00:24:46.140 Really?
00:24:46.500 Yeah.
00:24:46.960 They were not as nasty as that.
00:24:48.600 They really were just...
00:24:49.320 I'm not...
00:24:49.700 Well, I mean, like, a honey badger's not that big, but I wouldn't tangle with a honey badger.
00:24:52.540 Right.
00:24:52.720 So it's possible that a Velociraptor was really nasty.
00:24:55.060 It's just that the kind of, like, man-sized Velociraptor, that was the thing.
00:24:58.440 Okay.
00:24:58.680 Yeah.
00:24:58.940 So they might have been smaller, vicious, and looked like a chicken.
00:25:02.440 Yes.
00:25:02.760 They were...
00:25:03.300 I think they were super angry chickens.
00:25:04.980 And I would also do...
00:25:06.400 I would, like, for fifth graders, I would go, okay, you know, we're done with the work.
00:25:09.980 Let's do a...
00:25:10.960 Let's do a mental exercise.
00:25:12.920 What do we do if zombies attack?
00:25:14.180 And I would really gear it up, too.
00:25:15.640 Like, what do we do if there's a flood?
00:25:16.660 What do we do if there's a fire?
00:25:17.660 And then I'd be like, okay, zombies attack.
00:25:18.820 What do we do?
00:25:19.480 And, you know, got those kids to start thinking about that.
00:25:22.060 I actually think this is a good teacher.
00:25:24.320 Thank you.
00:25:24.700 I mean, I think...
00:25:26.000 I mean, I think our teachers are so trapped in the box that they have to do it a certain way.
00:25:32.820 They have to follow this.
00:25:34.280 No.
00:25:34.800 A good teacher is somebody who makes it theirs, you know?
00:25:39.220 And, you know, if you're going to use Santa as an example, that's great.
00:25:43.000 Don't go there.
00:25:43.520 But, you know, use Santa as an example, or if you use motivation for, you know, Velociraptor Awareness Day, I think that's great stuff.
00:25:51.200 The kids were jazzed.
00:25:52.240 I would also...
00:25:52.700 When we were walking to the computer room, I'd say, okay, you have to be quiet, but I want every kid to act like a Tyrannosaurus Rex.
00:25:58.940 So there'd just be this line...
00:26:00.060 I think this is what got me in trouble with other teachers, is you see a line of children in various stages of weird, angry faces all walking in dead silence.
00:26:07.040 Fantastic. Fantastic.
00:26:12.060 You're listening to the best of the Glenn Beck Program.
00:26:14.580 Forbes recently described student loan debt as a $1.5 trillion crisis, adding that student loan debt is now the second highest consumer debt category behind only mortgage debt and higher than both credit cards and auto loans.
00:26:43.280 It's affecting 44 million borrowers in the U.S.
00:26:48.140 That is...
00:26:48.740 This is outrageous and bone-crunching.
00:26:51.360 There's also the cultural effect that having...
00:26:54.000 That college is having.
00:26:55.260 The indoctrination of young people that are being subjected to.
00:26:58.780 More and more powerful people now are starting to recognize that college is an institution that has real problems.
00:27:05.140 Last Friday, Peter Thiel gave a keynote speech at the Intercollegiate Studies Institute's Collegiate Network Editors Conference.
00:27:14.660 Wow, that's a mouthful.
00:27:15.840 He told a room full of students, quote,
00:27:18.300 He's exactly right, and I don't know how the universities don't see that they have become the Catholic Church and anyone who has a different idea is Galileo.
00:27:35.500 He says at some point, if it's 100 to 0, you start to suspect that you're in North Korea.
00:27:45.060 Does the unanimity mean that you've gotten the truth, or does it mean that you're in a totalitarian state?
00:27:51.600 We have this illusion that all sorts of important decisions have been decided.
00:27:56.460 He added, we are not on the losing side of history.
00:27:59.900 It's the other side that's on the losing side.
00:28:01.820 The Reformation is going to happen, and it won't come from within, but without.
00:28:09.280 Thiel now has actively worked to bring about the change that he's been talking about here.
00:28:14.180 The lawsuit he led against Gawker helped topple their empire.
00:28:18.460 And he also created the Thiel Fellowship, which gives $100,000 to young people who want to build new things instead of sitting in a classroom.
00:28:28.060 The idea that we're on the losing side is a form of psychological warfare, he said, and he's right.
00:28:35.480 We're not on the losing side, not in the slightest.
00:28:38.200 We're on the up and up.
00:28:39.980 Things are going to get worse for the old institutions and better for the people.
00:28:45.920 This is the best of the Glenn Beck program, and we really want to thank you for listening.
00:28:54.880 Tika Tiwari was on this program a few months ago, and he made a very bold prediction.
00:29:11.340 And I said, don't do it, Tika, don't do it.
00:29:14.660 And he said, cryptocurrency, Bitcoin in particular, is going to be at $40,000 by the end of the year.
00:29:20.160 It's kind of gone in the opposite direction.
00:29:21.980 When he said that it was maybe $7,000, it is now today at $3,900.
00:29:28.060 I have talked to him.
00:29:29.040 I called him, and I was like, so, Tika, what's the deal?
00:29:33.320 And I want you to hear his answer, because I think it's logical.
00:29:38.640 Maybe it's wishful thinking, but I think it's totally logical.
00:29:41.540 Tika, welcome to the program.
00:29:42.780 How are you?
00:29:43.880 Glenn, I'm great.
00:29:44.700 Thanks for having me here.
00:29:46.020 And thanks for giving me the opportunity to talk about really two things today.
00:29:49.600 One, my Bitcoin $40,000 prediction, what's going on with Bitcoin right now.
00:29:54.280 And two, why the selling is not over.
00:29:57.820 And I want to explain what's behind that.
00:30:01.860 Because I've set a price to where I want to buy more Bitcoin.
00:30:06.400 I don't know if that makes me a double sucker, but I'd like to hear what you think the low price or when you think it's going to start to hit towards bottom.
00:30:14.760 Okay, the first thing I want to talk about, though, is Bitcoin $40,000.
00:30:18.800 So whenever I'm asked a question, I will always tell somebody what I truly believe, even if it could come back to make me look foolish later.
00:30:28.660 I hate it when people talk out of both sides of their mouth.
00:30:31.640 Well, maybe it'll do this.
00:30:32.800 Maybe it'll do that.
00:30:33.840 I want to know what you believe, and then so I can make up my own mind.
00:30:37.600 You said to me the night you made this prediction, I said, off air, I said, Tika, what are you doing?
00:30:44.980 Don't do that.
00:30:45.580 And you said, Glenn, I have to because that's what my analysis says.
00:30:51.520 So I'm just telling you what the facts tell me.
00:30:55.800 You can believe it or not.
00:30:58.060 Right.
00:30:58.360 Because every fundamental reason that I forecasted behind my projection of Bitcoin $40,000 came true.
00:31:05.780 I said a major endowment would buy Bitcoin.
00:31:08.160 On October 5th, David Swenson of the $30 billion Yale endowment bought into crypto.
00:31:12.980 Then Harvard and Stanford followed him.
00:31:15.460 I said Wall Street would open up their trading platforms and provide custody for crypto.
00:31:19.500 Now, Fidelity, TD Ameritrade, Citigroup, Morgan Stanley, the owners of the New York Stock Exchange, and NASDAQ have all announced plans to start trading Bitcoin.
00:31:30.080 Northern Trust is creating a custody product.
00:31:32.360 And even State Street, America's largest custodian, is getting active in the States.
00:31:37.240 So what's the piece I got wrong?
00:31:39.160 Right.
00:31:39.300 So all the fundamental research that said, OK, all these new players are coming into space.
00:31:43.720 Everything that I predicted came true.
00:31:45.940 But the one piece that I got wrong, that I'm absolutely willing to own 100%, is I got the investor sentiment piece wrong.
00:31:55.640 I misunderstood just how bad investor sentiment was.
00:32:01.080 The market does not believe anything but bad news right now.
00:32:07.260 It's just taking the stance of, well, OK, yeah, Fidelity.
00:32:11.120 OK, great.
00:32:11.840 Let's see it actually happen.
00:32:13.760 Now, all of these things are actually happening.
00:32:17.260 The last time, Glenn, I saw such a disconnect between the fundamentals and investor sentiment was an Apple computer back in 2003.
00:32:26.480 Back in 2003, everybody thought Apple computer was going out of business.
00:32:30.760 They had the hottest product in the world, the iPod.
00:32:33.300 They said they were going to open it up to the PC realm.
00:32:36.240 Nobody believed them.
00:32:37.520 The stock actually dropped 40% that year.
00:32:40.080 It wasn't until 2004 when they actually opened it up to the PC realm and their sales started going gangbusters that Apple stock started taking off.
00:32:51.140 So, again, I...
00:32:53.840 So what do you think it's going to take to change the investor sentiment?
00:32:57.220 We're going to have to see this new platform by BACT, which is ICE, the owner of the New York Stock Exchange.
00:33:05.600 That has to launch.
00:33:06.800 That's going to be launching on July 24th.
00:33:09.160 We're going to have to see Fidelity launch their custody product and actually integrate Bitcoin trading into their desktop platform.
00:33:17.540 That's going to launch between Q1 and Q2.
00:33:20.020 TD Ameritrade has said that they're going to add Bitcoin trading to their platform.
00:33:23.880 We're going to have to actually see it, right?
00:33:26.840 The market is taking a stance of we need to see this happen.
00:33:31.860 So that's...
00:33:33.400 But the good news is all of that is going to happen.
00:33:36.520 Within Q1 and Q2 of 2019, all of those institutions are coming into the space.
00:33:42.360 Not a single one of these institutions has said, oh, you know, we don't like the way Bitcoin's trading.
00:33:47.160 We're pulling out.
00:33:48.060 In fact, NASDAQ just said, we don't care if Bitcoin's going down.
00:33:51.660 And we're moving full ahead with our Bitcoin products.
00:33:54.760 Fidelity has said the same thing.
00:33:56.320 TD Ameritrade has said the same thing.
00:33:58.260 Not a single institution in the space has backtracked on their plans to open up their trading platforms to Bitcoin buyers.
00:34:07.120 And that, to me, is the news that we have to look at.
00:34:10.940 Because the news that's dominating the market right now is all this forced selling of Bitcoin and Ethereum that's happening because ICOs are coming under the regulatory magnifying glass of the SEC.
00:34:24.780 Hey, Tico.
00:34:25.160 The SEC is...
00:34:26.120 Yes.
00:34:26.300 I apologize for jumping in, but I do have a question I'm burning to ask you.
00:34:29.560 I'm Andrew Heaton.
00:34:30.760 I'm the delightful funny man that's accompanying Glenn today.
00:34:33.960 Hey, Andrew.
00:34:34.680 Something that I want to ask someone that knows cryptocurrency very well about is why it's not being adopted in places like Venezuela.
00:34:41.620 Because one of the selling points of cryptocurrencies, I understand it, is that it's inflation-proof.
00:34:46.560 And if the government decides to implode a currency to inflate away the debt, your value would not be lost.
00:34:53.840 But I don't see any stories of mass adoption of cryptocurrency in Venezuela.
00:34:58.440 Why isn't that happening?
00:35:00.320 Oh, it is happening.
00:35:01.400 That's how people are living.
00:35:02.380 People are living, they're taking Bitcoin and buying gift cards on Amazon, ordering goods on Amazon, and that's how they're surviving.
00:35:09.960 There's two, the two top currencies in Venezuela right now are Bitcoin and another one called Dash.
00:35:15.900 In fact, there's more than 22,000 people, 22,000 businesses now just using cryptocurrency down there because you can't use cash.
00:35:24.040 It's completely working.
00:35:24.780 At one point, I read a story about how shopkeeps were weighing piles of money instead of counting it.
00:35:31.680 They would weigh it by the pound or probably by the kilometer or whatever the kilo.
00:35:38.640 The kilo, yes.
00:35:41.080 Yes.
00:35:41.340 But to talk to you about the price action, right now, if you remember back in 08 and 09, we had all that forced margin selling, right?
00:35:48.340 So you had great companies like American Express trading below $10, which is ridiculous.
00:35:53.820 Nobody wants to sell American Express at $9, but they had to because they had margin calls.
00:35:59.020 This is in 2008.
00:36:00.240 2008, 2009.
00:36:02.540 Yeah.
00:36:02.800 So we're seeing something similar right now happen with Bitcoin and Ethereum.
00:36:07.840 Thousands of companies raised money, and there were only two ways to do it.
00:36:11.720 You had to raise it in either Bitcoin or Ethereum.
00:36:15.080 Well, now the SEC thing, well, all of you guys broke the law.
00:36:18.920 You're actually securities.
00:36:20.620 Now we're going to fine you, and you're going to have to give money back to your investors.
00:36:24.160 So there's this huge rush of where the lawyers are saying, look, guys, you've got to raise cash, and you've got to do it right now.
00:36:31.760 And so there's this massive forced liquidation of Bitcoin and massive forced liquidation of Ethereum.
00:36:38.680 Now, how long does that last?
00:36:40.680 Probably a few weeks more, Glenn.
00:36:42.900 That's not a one, two, three thing and done.
00:36:46.100 So that's why I say let's take a step back.
00:36:49.220 Let's get this forced selling out of the way.
00:36:51.160 And then I think the dust will settle here probably in about a week or two.
00:36:55.260 So I kind of said that I would, in my own head, when I saw it start to fall, that I would reinvest some money in it if it hit $3,900.
00:37:09.620 It just hit $3,900.
00:37:10.420 And I thought I will make the same kind of investment in Bitcoin that I made at first if it hits $3,000.
00:37:21.900 Do you think it could hit $3,000?
00:37:24.820 Yeah, I think on a panic low, we could go $2,500, no problem.
00:37:31.160 Wow.
00:37:31.960 On a panic low.
00:37:33.400 Yeah, because this is panic selling.
00:37:34.960 Listen, when I went through 08, 09, I couldn't concede that a stock like J.P. Morgan could drop 80% or a stock like Amazon could drop 66% or Amex could drop close to 90%.
00:37:48.720 But when you have forced selling, logic goes out the window.
00:37:55.060 Finance goes out the window.
00:37:56.920 It's just it's blind panic.
00:37:58.700 And that's what we're in the middle of right now in this market, right?
00:38:03.660 So you've got to look at the market and you've got to say, OK, where are we?
00:38:07.080 And we're in this panic selling.
00:38:09.060 The panic selling doesn't last forever.
00:38:11.200 I think within a couple of weeks, everybody that had to sell, needed to sell, wanted to sell will be out.
00:38:17.060 But I still think there's probably a bit more downside ahead.
00:38:19.900 Tika, is this a is this an app comparison that the reason why we don't have self-driving cars right now is really not the technology of the car.
00:38:31.280 It's the 5G network.
00:38:33.200 It's we need to cure the latency problems.
00:38:36.360 Right.
00:38:37.380 And so and so it would be like you saying, well, I've invested all this money and, you know, in self-driving cars and they can't do anything.
00:38:45.580 But, you know, lane assist.
00:38:47.140 Well, yeah, yeah.
00:38:48.320 But there's other things that have to happen.
00:38:51.340 And then that technology is just going to explode because it's already it's it's it's ready.
00:38:57.140 It just needs the follow up technology.
00:39:00.380 Do you think that's a fair comparison?
00:39:02.660 I do think that's a fair comparison.
00:39:04.700 I think what we have to look at is we have to look at the greediest, smartest investors in the world.
00:39:10.300 And that's Wall Street.
00:39:12.180 And the greediest, smartest investors in the world are running to this asset.
00:39:17.140 They are building the on ramps to bring their investors and their investors capital into this market.
00:39:25.420 Right.
00:39:25.820 They're not running away from it.
00:39:27.560 It's like the Internet when, you know, when you had the first blow up in the Internet.
00:39:30.920 If everybody just stopped using the Internet, the Internet went dark.
00:39:34.180 We could say, oh, that was just a fad.
00:39:35.980 And what's the point?
00:39:37.340 But but that's that wasn't the case.
00:39:39.180 People kept building.
00:39:40.260 And that's exactly what's happening here within the blockchain cryptocurrency space.
00:39:45.420 And if you look at every product that is being built by Wall Street to be sold to their 500 million customers, they're all being built around Bitcoin.
00:39:54.360 And what's good for Bitcoin is good for the entire ecosystem.
00:39:58.780 So what I'm saying.
00:39:59.800 Go ahead.
00:40:00.260 Don't go ahead.
00:40:00.540 What I'm saying is we've got to get through this for selling, just like we had to go through 08 and 09.
00:40:06.260 And then we've got to go into 2019 and we've got to let these big banks build this infrastructure into cryptocurrency.
00:40:13.240 And we will watch literally hundreds of billions of dollars of new money come into the space.
00:40:18.520 So it's unpleasant.
00:40:20.260 Absolutely unpleasant.
00:40:21.820 But the worst thing you could do is just liquidate down here.
00:40:25.420 And it would just be terrible timing to do that.
00:40:28.280 The sun will shine again.
00:40:30.600 One last question on this.
00:40:32.000 I've had people tell me, Glenn, Bitcoin will never work because it's too expensive to trade in and too slow.
00:40:40.640 Can you can you answer that?
00:40:43.400 Yes.
00:40:43.980 So the answer to that is what's called layer two solution.
00:40:48.360 So that's called the lightning network.
00:40:49.980 And the lightning network allows you to trade using the Bitcoin network.
00:40:56.040 It reduces the feeds to almost zero and virtually limitless amounts of trades per second.
00:41:02.780 The other piece that I will say is that what will happen with Bitcoin is I think it will be used more for higher dollar transactions if you want to write directly to the Bitcoin blockchain.
00:41:12.780 So complaining that Bitcoin is slow and expensive is complaining.
00:41:17.840 It's like saying, you know, my Ferrari sucks because it can't haul firewood.
00:41:21.580 Right.
00:41:21.980 It's built for something very specific.
00:41:24.320 But again, the good news is layer two solutions are coming that will allow Bitcoin to scale where if you want to buy Bitcoin, if you want to buy a cup of coffee with your Bitcoin, you'll be able to do that once layer two is live, which I would say we're probably about a year away.
00:41:38.480 So if you say that Bitcoin is going to be for major investments, you know, kind of like a gold reserve, if you will, what gives it its value?
00:41:47.020 What gives it its value is that it's completely tamper proof and sensor resistant.
00:41:52.980 So you can't go in there and change the amount of Bitcoins that are going to exist.
00:41:58.780 You can't go in there and change the document.
00:42:00.900 Let's say you and I are two different countries and we create a document and we want to be able to prove that that document can't be tampered with.
00:42:08.380 We can take a hash of that document, which is basically a code, and write it into the Bitcoin blockchain and we can arrange it.
00:42:16.060 So the Bitcoin blockchain is constantly checking our document.
00:42:18.860 If our document, if one sentence, one line, one period gets changed, the hash will be different and it will say, hey, somebody's tampered with this document.
00:42:28.900 So being able to have tamper proof documents, being able to move money without the need for a trusted third party, being able to move enormous amounts of money for fractions of a dollar is valuable.
00:42:43.060 Being able to self custody your money in a way that is portable in a way that gold isn't is incredibly valuable.
00:42:50.600 So I think that that value will continue to be realized as we move forward.
00:42:56.420 And I would remind you, Glenn, that this isn't our first rodeo of Bitcoin going down 80 percent.
00:43:02.040 This is the fifth, sixth time that it's experienced this kind of a pullback.
00:43:06.880 I can one thing that I've always said, and I said it when we had our meeting together, is that, you know, if you're going to get involved in crypto, you have to know that there'll be at least one or two times when your whole portfolio is down 80 or 85 percent.
00:43:21.200 That makes me feel much better.
00:43:24.100 It does, doesn't it?
00:43:25.280 Yeah.
00:43:25.660 I mean, I think all of this stuff makes sense.
00:43:27.720 And then plus two, I think, like, I'm not a, this was kind of my first foray into investing outside of an index fund.
00:43:33.900 And the thing that strikes me is that it's so fast in the cycle, whereas normally I think you would kind of, you know, get into something and wait a while, whereas with this, it'll change week by week.
00:43:44.380 So I've been kind of impatient with it.
00:43:45.960 Yeah.
00:43:47.160 So go ahead quickly.
00:43:48.480 I'll just want to say one quick thing here is that in the stock market, we get crashes like this maybe twice every hundred years.
00:43:54.560 In the crypto market, we get crashes like this every two to three years.
00:43:58.460 So it's very different.
00:44:00.260 Okay.
00:44:01.200 Tika Tiwari from the truthaboutcryptocurrencies.com, truthaboutcryptocurrencies.com.
00:44:07.360 He is also the educator on the smartcryptocourse.com, which is an advertiser on this program, but also something that we asked Tika to put together for this audience so you can understand it.
00:44:20.860 Smartcryptocourse.com.
00:44:22.040 Tika, thank you so much.
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