The Glenn Beck Program - Best of the Program ｜ Guests： Carol Roth & Cheyenne Grace ｜ 10⧸9⧸25

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00:00:30.000 Uh, we covered a lot on today's show.

00:00:31.860 You've got the best of, but on today's show, we, we covered the Dems blaming climate change

00:00:37.480 for the fires.

00:00:38.300 Apparently it was a guy with a lighter who hated capitalism.

00:00:41.040 Uh, who would have seen that one coming?

00:00:43.000 Uh, also the president and his, his peace deal.

00:00:47.920 Remarkable, remarkable.

00:00:49.500 We go into that in depth.

00:00:51.300 Also, we look at the economy with Carol Roth.

00:00:54.240 Uh, what is, what is AI bubble mean?

00:00:57.220 Is that real?

00:00:58.320 Well, why is gold, uh, hitting all these all-time highs?

00:01:01.880 What should that tell us?

00:01:03.980 Also, we talked to her about the shutdown.

00:01:06.580 How long can this go on before it actually begins to affect real people and the economy?

00:01:11.180 Um, she'll have the answer for that.

00:01:13.520 And so much more on today's podcast.

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00:02:29.900 Hello, America.

00:02:31.080 You know we've been fighting every single day.

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00:02:38.240 trying to feed you.

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00:02:46.540 Right now, would you take a moment and rate and review the Glenn Beck podcast?

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00:03:14.060 Now let's get to work.

00:03:16.540 You're listening to the best of the Glenn Beck program.

00:03:27.780 Hello, Stu.

00:03:28.480 How are you?

00:03:29.560 Great day.

00:03:30.740 It is.

00:03:31.380 What a great day, man.

00:03:32.240 It is.

00:03:32.780 Seriously.

00:03:33.260 Finally, some good news.

00:03:34.700 Yeah.

00:03:35.300 I know.

00:03:35.920 I mean, it could go away tomorrow, but let's have faith.

00:03:40.200 Can't go away tomorrow.

00:03:40.840 The Blue Jays beat the Yankees.

00:03:42.240 It's over.

00:03:42.960 That series is over.

00:03:44.200 No, we were talking about the peace in the Middle East.

00:03:47.580 Wait, what happened?

00:03:48.900 No, that's fantastic.

00:03:51.200 I mean, what an incredible development.

00:03:53.140 And who would have ever thought that you would have Egypt, Saudi Arabia, Turkey, Qatar, and

00:04:00.360 kind of Jordan all in saying we're with the United States and Israel.

00:04:06.580 Well, we want peace.

00:04:09.320 Here's how we get there.

00:04:10.320 And Hamas does it. 0.95

00:04:11.840 These are all things that could not have possibly existed very recently.

00:04:15.720 No.

00:04:15.920 And you know why?

00:04:17.280 I am convinced.

00:04:18.660 I mean, I've talked to Donald Trump about so many different things.

00:04:22.140 But the best example of this is he will not allow me to ask him a question about assassination

00:04:29.740 in the future, okay?

00:04:32.980 I've asked him, are you concerned about, I don't even want to talk about it.

00:04:36.740 Don't talk about it.

00:04:37.880 Don't talk about it.

00:04:39.440 He calls into existence.

00:04:42.180 He knows the power of thought.

00:04:44.040 He knows the power of language.

00:04:46.680 And he never will call something into existence like that.

00:04:52.300 You can believe him or not believe him, but he will not ever do that.

00:04:56.320 Now, he only tries to think positively about things.

00:05:01.020 He's called this into existence.

00:05:03.660 Where everybody else said, you know, State Department says, can't be done, can't be done.

00:05:07.420 Nobody wants to do this.

00:05:08.640 That's too big of a, he doesn't care.

00:05:10.660 He just walks in and he's like, hey, everybody, what do you say we change the game entirely?

00:05:16.460 What is it going to take for all of you to recognize Israel?

00:05:22.020 Israel, what is it going to take for you to stop? 0.97

00:05:25.020 And Gaza, what is it going to take for you to return the hostages?

00:05:29.240 Let's do that deal.

00:05:30.860 I mean, it's just this big thinking where he doesn't say, can't be done.

00:05:36.880 He never says, can't be done.

00:05:39.300 And that's why he moves mountains.

00:05:42.360 It's just the power of positive thinking.

00:05:44.460 It's the power of your thoughts are creative.

00:05:48.520 So be careful.

00:05:49.880 Choose your thoughts and change the world.

00:05:51.980 And that's why he's able to cross these, you know, these lines that people just don't think things are possible.

00:05:58.480 Even if, you know, we don't know how this is going to turn out.

00:06:02.660 There's a lie to be clear.

00:06:04.500 There's a million things that could go wrong with this peace deal.

00:06:06.740 And, you know, scriptures tell us, not going to last.

00:06:08.860 Right.

00:06:09.240 You know what I mean?

00:06:09.940 It's, you know.

00:06:10.700 We don't know where this thing ends, but just the attempt, like it's the, I would say, argued the same thing with Ukraine and Russia.

00:06:16.760 Right.

00:06:17.040 Like he, he went in there with this idea of I'm going to solve this.

00:06:20.120 And that one has not been solved.

00:06:21.840 Right.

00:06:22.420 But this is how he approaches these things.

00:06:26.320 Right.

00:06:26.640 And it's not that, it's not that he can control other people.

00:06:29.520 No.

00:06:29.700 Because he can't.

00:06:29.980 He can't control how Putin looks at it, et cetera, et cetera.

00:06:32.560 But he doesn't say no to big ideas.

00:06:35.320 Yeah.

00:06:35.560 Right.

00:06:36.060 You know, and that's.

00:06:37.240 Allows him to approach those ideas.

00:06:38.300 Everybody tries to nibble at the edges on everything.

00:06:42.000 On everything.

00:06:43.480 Look at how this guy has moved mountains.

00:06:46.180 It's because he comes in, he's like, yeah, we're not doing it that way anymore.

00:06:50.600 Here's what we're going to do.

00:06:52.580 You know, look at the difference in the State Department.

00:06:55.580 Look at the difference in Marco Rubio.

00:06:59.120 You know what I mean?

00:07:00.040 Yeah.

00:07:00.200 Marco Rubio is like one of the best State Department officials I've ever seen.

00:07:08.620 Secretaries of State?

00:07:09.520 Yeah.

00:07:09.740 Have you ever, have you seen a better Secretary of State than him?

00:07:12.620 Well, Hillary. 1.00

00:07:13.520 You got to throw her into the conversation.

00:07:16.100 And it's because they're just saying what's true.

00:07:18.940 They're very clear.

00:07:21.060 They don't compromise.

00:07:22.620 I mean, they will compromise, but not on the principles.

00:07:25.040 If these hostages are not returned on Monday or Tuesday, it'll be over.

00:07:31.120 He's not going to go, okay, well, let's give you some more money.

00:07:33.900 Let's do that.

00:07:34.920 No.

00:07:35.640 We're not flying cash onto a tarmac.

00:07:38.320 Like, is this his best issue?

00:07:42.360 Yes.

00:07:44.420 Of his entire presidency going back to the first term?

00:07:47.320 Yes.

00:07:47.760 Historically speaking, for sure.

00:07:49.760 Because I think, you know, I would, I, my argument would be the border probably, but, and I do think this second term, the border has been an overwhelming, unquestioned success.

00:08:01.440 But, like, I think the basis for what happened here was set in the first term.

00:08:09.040 It was.

00:08:09.380 This is really something that has extended over both terms.

00:08:11.560 He didn't get enough credit for it in the first term.

00:08:13.500 We argued that constantly.

00:08:14.700 No.

00:08:15.140 And as soon as they came in, it was all reversed.

00:08:17.700 People want war there.

00:08:19.720 Yeah.

00:08:20.140 He doesn't.

00:08:21.640 He doesn't want war.

00:08:24.600 You're right.

00:08:25.560 And people have accused him of that, of course.

00:08:28.580 They always say, you know, warmonger and all these other things.

00:08:30.720 I think he really does believe that to his core.

00:08:34.260 And the only reason I think this stuff might be possible, and again, with all disclaimers aside for a moment here, because we do know this is a very difficult road ahead on this.

00:08:44.400 But the relationship.

00:08:46.680 This is not just a difficult road.

00:08:49.520 This is the moonshot of peace deals.

00:08:53.200 Yeah.

00:08:53.540 It's the one everyone mocks.

00:08:54.700 How many times were we burning up on the launch pad?

00:08:58.720 I mean, this is the moonshot.

00:08:59.720 It's a moonshot.

00:09:00.700 Yes.

00:09:00.880 And that's a we all we've already started to see Hamas whine about stuff. 0.78

00:09:05.220 God only knows where this ends.

00:09:06.540 Yep.

00:09:07.440 But the basis for this even to be possible was set up in his first term with the improvement of relationships between these other Arab countries in the region and Israel.

00:09:17.180 The fact that we think people are like, oh, what's Israel even giving up here?

00:09:21.360 They are allowing, if this goes through, a bunch of these countries that for the past half century have attacked them every three years.

00:09:29.540 Oh, don't, don't, don't, don't.

00:09:32.280 It's 80 years.

00:09:33.560 Thank you.

00:09:34.180 Thank you.

00:09:34.540 Thank you.

00:09:35.740 It's just since their founding.

00:09:37.180 Just since their founding have been attacked by these.

00:09:39.200 A lot of these countries over and over again.

00:09:40.700 And oftentimes in coalition with each other, they're allowing them to come in and if this goes down the road, oversee part of their own country.

00:09:51.380 Yeah.

00:09:51.780 Right.

00:09:51.980 They are giving up a massive thing here and they only do that if they actually had some trust with these nations and of course, trust with the United States to help enforce it.

00:10:02.260 Here's what, here's, here's Trump's genius.

00:10:04.280 You're exactly right.

00:10:05.880 This, this was planted with the other countries last time with the Abraham Accords. 0.99

00:10:10.280 Okay.

00:10:10.780 They gain trust.

00:10:13.300 But the Palestinians didn't have any trust because remember we're the great Satan, you know, little Satan, blah, blah, blah. 0.74

00:10:20.580 He has gotten the rest of the countries in the Middle East to say, no, they're not the, the little Satan.

00:10:27.420 They have a right to exist.

00:10:29.380 We can coexist with them.

00:10:31.020 Blah, blah, blah.

00:10:31.500 That's never been done.

00:10:32.760 Okay.

00:10:33.120 Never been done.

00:10:34.440 He did that last time.

00:10:36.820 Remember when Qatar was attacked by Israel.

00:10:40.860 Okay.

00:10:41.560 Just recently.

00:10:42.560 Yeah.

00:10:43.040 And it's a big fact.

00:10:44.480 And, and, uh, Donald Trump and everybody was like, wait, what are you doing?

00:10:48.040 Donald Trump came out and read Benjamin Netanyahu, the riot act and said, apologize.

00:10:53.960 Okay.

00:10:54.680 And Benjamin Netanyahu did.

00:10:57.560 Hey, that's the key on this one.

00:11:00.980 He, you don't, you can't take Donald Trump at the moment alone.

00:11:08.140 You have to look at his strategy.

00:11:10.940 He is playing three-dimensional chess.

00:11:13.360 When he said that he knew that was the key there now, they're all saying now that was the key because, uh, when he did that with Qatar and defended Qatar and said, Hey, no play nice.

00:11:26.360 Everybody play nice.

00:11:27.420 And Benjamin Netanyahu did apologize that separated the United States from Israel as, you know, just a little, uh, you know, that we're all in it together.

00:11:38.540 That's little Satan.

00:11:39.240 We're big Satan.

00:11:40.020 It showed that the president is a, a fair and neutral broker and we'll look at both sides.

00:11:48.380 And Israel isn't always right. 0.97

00:11:50.420 Uh, the middle East isn't always wrong.

00:11:52.700 He showed that to them.

00:11:55.180 That was the moment that the Palestinians said, okay, now, wait a minute. 0.98

00:12:00.780 Maybe he is a somewhat honest broker for being the great Satan.

00:12:06.420 That's what brought this to a head and brought everybody to the table and said, okay, we can trust Donald Trump.

00:12:14.760 That's an amazing thing.

00:12:16.440 Yeah.

00:12:16.620 Uh, this is, you know, it's unequivocal here and this is a, uh, you know, you, you still have to get this over the finish line, but these are, uh, uh, incredible accomplishments.

00:12:27.080 They're accomplishments that every, I mean, it has become for as long as I've been involved in politics and world events and cared about it at all.

00:12:36.300 It has been the joke.

00:12:40.440 Oh, Middle East peace right around the corner. 0.99

00:12:43.320 Yeah.

00:12:43.880 It has been the joke that it's impossible, that it will always be promised.

00:12:48.780 And, you know, again, we got to get there, but like, this is as close as we've ever been.

00:12:53.080 Would anyone ever say Gaza should be the Riviera? 0.95

00:12:58.340 You would say no, no.

00:13:00.940 Donald Trump, his vision from the beginning has been, this can be prosperous.

00:13:07.080 This could be the Riviera.

00:13:08.820 You just have to stop the terrorism.

00:13:11.800 So he got the Middle East together and the Middle East now says, we'll rebuild.

00:13:17.580 We're not rebuilding it.

00:13:18.720 We don't, I don't want a dime going to rebuild that.

00:13:22.080 They'll rebuild it.

00:13:23.280 They'll guarantee the peace there because they'll have their money invested in it, in hotels and golf courses and whatever they want to do and make it the Riviera.

00:13:36.180 That changes everything, all the dynamics, because now the, the, um, Egypt and Saudi Arabia and Jordan and Qatar and everything else, they're going to be pulling, pouring billions of dollars into it.

00:13:49.740 They're not going to want it wrecked.

00:13:52.840 I mean, he's just, he's brilliant.

00:13:56.220 The guy, if he doesn't get a Nobel prize, assuming this, the hostages come home next week, you know, God only knows.

00:14:03.220 But the guy deserves the Nobel peace prize.

00:14:05.940 And I think they would just dissolve the award before they gave it to him.

00:14:11.060 They would.

00:14:11.440 They're like, no, no, no.

00:14:12.740 No, that Nobel prize thing.

00:14:14.280 That was yesterday.

00:14:15.140 We don't do that anymore.

00:14:16.200 We didn't pay our rent.

00:14:17.200 The building's closed.

00:14:18.040 But he will quite obviously deserve it if this happens.

00:14:24.020 Have you heard what the rest of the world is saying about him?

00:14:26.660 I mean, all the leaders from all over the world are like, this is amazing.

00:14:30.720 And the only reason it happened is because of Donald Trump.

00:14:33.580 What is the left going to say?

00:14:35.180 How do you, how do you, how do the protesters, if this ends, I mean, this is, this is why it won't end if it doesn't.

00:14:45.220 Uh, because there is too much power that they'll be giving up on the streets of Europe and America and all over the world.

00:14:54.500 You, how, how do you have the Palestinian protesters on the streets, tearing our cities apart? 1.00

00:14:59.420 You don't, you don't.

00:15:01.020 It's over.

00:15:01.740 It's over.

00:15:03.340 I mean, this is just genius from start to finish.

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00:16:10.880 Now back to the podcast.

00:16:12.660 This is the best of the Glenn Beck Program.

00:16:15.720 Well, Carol Roth, welcome to the program.

00:16:17.360 How are you?

00:16:18.420 I'm doing great, Glenn.

00:16:19.820 I'm actually celebrating my 26th wedding anniversary today, so it's a blessed day.

00:16:25.020 Oh, well, congratulations.

00:16:26.300 Congratulations.

00:16:27.280 You know, it's weird.

00:16:27.820 I'm coming up on my 26th in January.

00:16:32.040 Oh, fabulous.

00:16:32.800 Fabulous.

00:16:33.320 It's a good amount of time to be married, for sure.

00:16:35.940 It is.

00:16:36.740 So, Carol, let's talk a little bit about the price of gold hitting, what is it?

00:16:42.000 It's over $4,000.

00:16:43.520 Over $4,000, which is nuts.

00:16:46.780 And I don't think people really understand.

00:16:49.800 I don't think the average, this is my guess, and I want you to correct me.

00:16:53.000 I don't think the average person is buying gold.

00:16:55.820 I think this gold buying is happening from sovereign funds and central banks mainly, also Asian markets.

00:17:04.060 I don't think Americans really understand what $4,000 an ounce means.

00:17:08.780 Can you explain it?

00:17:10.560 Yeah, absolutely.

00:17:11.620 You know, obviously, I think that the world, both investors and central banks, are catching up to the things that you and I have been talking about for years.

00:17:21.600 So, you know, we were ahead, we warned everyone, and now this is a little bit of catch-up.

00:17:27.080 Interestingly, you know, as you noted, the average American is very behind in terms of what gold means.

00:17:34.840 When you look at Chinese households, when you look at Indian households, there are estimates that each one of those countries' households owns about up to 30,000 tons of gold at this point, which, to put that in context, the U.S. government owns 8,133 tons.

00:17:54.440 So, the Indian households, all of them combined, 27,000 tons. 1.00

00:18:00.820 Right.

00:18:01.320 What we have, what we say we have, is 8,100.

00:18:04.540 Right.

00:18:05.020 Wow.

00:18:05.720 So, the households in China and India are really ahead of the curve.

00:18:10.240 When you look at data for the U.S., it's a little bit hard to get good data, but from what I've seen, the estimates are only about 10 to 11 percent of U.S. households at all have exposure to gold.

00:18:24.000 Now, I know that your audience is very sophisticated and is ahead of the curve, and I would imagine blows through that number, but just shows how sort of unprepared U.S. households are, you know, in general.

00:18:36.560 When you're looking at Indian and Chinese households that own gold, is that, does that include all the gold jewelry?

00:18:42.580 Yes.

00:18:42.880 Yes, okay.

00:18:43.680 All right.

00:18:44.000 Yes.

00:18:44.520 That's actually, particularly in India, sort of one of their preferred ways of procuring gold.

00:18:50.740 Okay.

00:18:51.060 So, gold has shot up over $4,000 in record time.

00:18:58.420 I mean, breathtaking time.

00:19:00.060 Yes.

00:19:00.440 What is causing that?

00:19:02.620 Okay.

00:19:03.040 So, there are a confluence of factors, and I think the two most important factors, which, of course, are linked, are what Wall Street is now calling the debt debasement trade, which they've just caught on to and gave it a cute name,

00:19:17.440 and the changing global financial order, and those are very much linked.

00:19:22.040 All right.

00:19:22.440 So, yeah.

00:19:23.460 Tell me what the, what is it, the debt debasement, what is that?

00:19:27.120 They're calling it the debt debasement trade, which is just basically what you and I have been talking about, which is our unsustainable fiscal position.

00:19:37.620 Correct.

00:19:37.800 And what all of the money printing that we've seen over the past, you know, 17 years, what that has done to our purchasing power and how that is going to catch up to us.

00:19:48.240 So, as a reminder, you know, our debt to GDP is at emerging market crisis levels.

00:19:55.000 We're 120-plus percent of GDP.

00:19:58.020 We're running deficits that are equivalent to a wartime level or a recession level while we still have growth, which is crazy.

00:20:07.140 We have interest rate that is outpacing defense, or interest payments that are outpacing defense spending.

00:20:14.300 So, everyone is now finally catching on to the fact that this is an unsustainable financial position, and it is going to be very difficult to get out of without there being some sort of additional debasement of our currency, which is a fancy way of saying a diminishment of your purchasing power.

00:20:36.460 What's really crazy, there's a chart that's been going around, and they did kind of a comparison of different asset classes priced in U.S. dollars and priced in gold.

00:20:46.700 So, if you look from the end of September 2018, out seven years, and you look at the top 100 NASDAQ non-financial companies, it's called the NDX, in U.S. dollar terms, that is up 236%.

00:21:02.760 So, you think you're super rich, right?

00:21:05.020 Right.

00:21:05.260 But in gold terms, solid money that doesn't, you know, doesn't have its value debased, it's only up 4.7%.

00:21:12.940 Oh, my gosh.

00:21:14.440 Wait, it gets worse.

00:21:15.300 The S&P 500, up 133% over that period in dollar terms.

00:21:21.340 It's down 27.6% in gold terms.

00:21:25.720 And what's called the Case-Shiller Home Price Index, which is the value of homes, the way that that's measured, in dollar terms, up 60%.

00:21:33.860 Well, I'll say, oh, you know, houses, so expensive.

00:21:36.980 In gold terms, it's down 50%.

00:21:40.100 In fact, right now, it takes less gold in terms of ounces to buy the median single-family house than it has in, you know, decades and decades and decades.

00:21:51.680 So, it goes to show that even though we see these dollars, they're buying less and less.

00:21:57.920 And now, you know, you and I have been talking about this forever, but now Wall Street is catching on.

00:22:02.840 Oh, that's not a great thing.

00:22:04.340 And so, in terms of preserving the hard-earned capital, we need something that is that hedge, that neutral hedge that's going to retain its value.

00:22:14.240 And that's why more investors, institutional investors, funny enough, a lot of millennials, more than anyone, starting to really get into gold.

00:22:26.020 You know why?

00:22:26.960 Because millennials have not been trained their whole life, trust the system. 0.99

00:22:32.100 Yes.

00:22:32.560 And they see it clearly.

00:22:35.440 And they look at it, and they're like, well, this doesn't make any sense at all.

00:22:39.180 You can't spend this, and, you know, you're going to wreck the dollar and everything else.

00:22:43.160 They just see it without being trained over and over and over again that, oh, no, trust the system.

00:22:50.200 They don't trust the system.

00:22:51.220 And once you realize that system is rigged in a million different ways and the system is not telling you the truth, like, I mean, that is amazing.

00:23:00.020 When you look at the stock market and you say it's actually down when you compare it in U.S. dollars to gold, what's happening is, let me explain this to the audience.

00:23:12.120 What all that means is, gold is only going up in dollars.

00:23:17.600 It's staying stable.

00:23:20.980 Yes.

00:23:21.260 But it's costing you more because of inflation.

00:23:24.700 The dollars are buying less, so it looks like you're paying more, but you're really not.

00:23:30.400 It looks like the stock market is going up, but it's really not.

00:23:33.760 It's what it costs to get in with dollars.

00:23:36.520 If you were going in with gold, you'll actually see that if it was all done in gold, the stock market is down.

00:23:43.080 The price of housing is down.

00:23:44.900 It's the dollar.

00:23:46.620 It takes more dollars to buy than it does with gold, which holds its value.

00:23:52.380 That is, if people could understand that one thing, that changes all of the conversations of, the government's got to do something to make housing more affordable.

00:24:02.860 No, they don't.

00:24:03.920 They have to stabilize the dollar.

00:24:06.320 They have to stop spending so much money.

00:24:08.840 If you think of the three definitions of money, it is a medium of exchange, how you help to exchange goods.

00:24:18.780 It's a unit of account, which we say things are priced in dollars, and it's supposed to be a store of value.

00:24:24.480 The unit of account that you just talked about, my friend Steve Forbes has a great analogy, and he talks about other measurements.

00:24:31.880 You know, imagine that your clock, you know, one day, you know, 12 o'clock means midnight, and another day, 3 o'clock means midnight, or 6 inches to measure a curtain one day, and then the same measurement is like a foot a different day.

00:24:48.760 You can't have a consistent measurement if the unit of account continues to change, and that's what we've been seeing here with the dollar.

00:24:57.300 And unfortunately, it has not been to our favor, which means that when you work really hard to earn something, and it's valued in a dollar, that over time, that work that you've put out, your productivity, is worth less and less.

00:25:12.760 And so what gold is meant to do, it's meant to be capital preservation.

00:25:17.800 It's not a risk asset.

00:25:19.400 It's not meant to take on risk and, you know, maybe go up a ton and maybe go down a ton.

00:25:23.820 And it's really meant to be a counterbalance to what you have earned so that you can preserve your purchasing power.

00:25:30.900 You know, I've been saying this for a long time, that, you know, you put your money, and I have money in the stock market, but you put your money in the stock market.

00:25:38.400 If things really go awry, go ahead.

00:25:41.500 You're going to cash out for an awful lot of money, but those dollars, it's going to be paid back to you in dollars.

00:25:47.620 Those dollars will be worth less, even though there's more of them stacked up than that ounce of gold or that, you know, 10 ounces of gold or whatever you had.

00:25:59.800 The stock market is paid in dollars.

00:26:04.000 And so as the inflation goes up, but gold keeps its value, keeps its value and holds it steady.

00:26:12.620 So, yeah, you're going to be paid more in dollars if you try to sell your gold, but that's going to continue to increase while stock markets will go down.

00:26:21.560 Am I right?

00:26:22.580 And it's a counterbalance.

00:26:24.580 So if things were to shift and for some reason, you know, things were to change with the dollars, which would need, you know, a lot of different catalysts, and then your gold goes down, it's a counterbalance, which is why it's important to have that diversification in your portfolio and to have the gold hedge.

00:26:42.040 And what's interesting, Glenn, is just the history.

00:26:45.000 We're talking about millennials, you know, they went through the Great Recession financial crisis.

00:26:49.300 You know, they're kind of, you know, keyed into this.

00:26:51.640 But if you think about when we came out of the 70s with this crazy inflation, we came out of the gold standard, it used to be, you know, very commonplace for a financial advisor to sit down and say, okay, we've been through this.

00:27:05.780 And so you should be putting, you know, 5% to 10% of your portfolio in gold.

00:27:11.740 As the stock market took off in dollars and became this big thing and they started seeking fees, that went away.

00:27:19.060 And financial advisors who don't get paid sometimes at all when you allocate to gold stop recommending it.

00:27:25.420 And now we're seeing a shift back.

00:27:28.200 Now we're seeing, you know, oh, yes, you should have some of the big names out there saying even more.

00:27:34.940 Ray Dalio just came out and said 15%.

00:27:37.380 Yes, we've seen from big names like that anywhere from 10 to 20.

00:27:41.360 And when they surveyed high net worth investors, which are $250,000 or assets or more, they're averaging right now 21% of their holdings in gold.

00:27:52.720 So a very big flip in recent years on how this is being viewed by the people who have accumulated those dollars and are worried about that.

00:28:02.380 Okay, so let me just summarize here before we move on to some other questions.

00:28:08.240 That is exactly what my grandfather who lived through the Depression said.

00:28:11.660 What are the people with big, large amounts of money doing?

00:28:15.740 I want to do that.

00:28:16.940 And if I would have done that, I would have been better off in the Great Depression. 0.76

00:28:19.460 You just heard it.

00:28:21.560 20% or more, right?

00:28:25.740 For big dollars, they're investing in gold.

00:28:29.520 20%.

00:28:30.040 You should have some.

00:28:33.520 And it's interesting.

00:28:34.700 Some of the portfolios we're seeing, some of that is coming not necessarily from the equity piece, but from the fixed income piece, which is pretty interesting.

00:28:44.720 You're listening to the best of the Glenn Beck Podcast.

00:28:47.740 Hear more of this interview and others with the full show podcast.

00:28:51.140 Available wherever you get podcasts.

00:28:53.500 Welcome to the Glenn Beck Program.

00:28:55.160 We're glad you're here.

00:28:55.880 We welcome now to the studios the very special, very talented daughter of mine, Cheyenne Grace.

00:29:05.440 Hi, thanks for having me.

00:29:06.620 Yeah, you're welcome, Cheyenne.

00:29:07.740 She loves it.

00:29:08.840 Thanks for letting me visit you.

00:29:10.660 Yeah.

00:29:11.760 She's always like, she came in and she's like, I'm going to vomit blood.

00:29:15.700 No, I was like, dude, I feel like I'm going to throw up.

00:29:17.900 But it's, you know, you, your mom said, when did you come into town?

00:29:25.340 Tuesday?

00:29:25.880 Tuesday.

00:29:26.240 I flew in Tuesday.

00:29:27.300 And your mom and I were out doing some stuff and she said, Cheyenne comes in in a couple hours.

00:29:31.700 And I had forgotten that you were flying in that day.

00:29:34.120 And I mean, my stomach just jumped.

00:29:36.720 I was so excited.

00:29:37.640 I miss you so much.

00:29:39.160 Miss you.

00:29:39.600 Yeah, it's been like a good month and a half since I moved.

00:29:42.080 So it's been, it's been a time, you know, you were there with Charlie Kirk when I was

00:29:50.300 Yeah, my friends and I went to the event to go and just kind of see what the environment

00:29:56.740 was like, because we've seen it all over TikTok, like all of his events.

00:30:00.700 And we just wanted to see what the vibe was like.

00:30:02.220 And then things just took a really big turn.

00:30:04.840 And it was really scary.

00:30:05.860 And we're, we're getting through it and it's, it's difficult.

00:30:09.040 And, you know, all of our hearts are just with Charlie's family and his team and everyone

00:30:14.640 who was close to him knew him.

00:30:16.760 Anyway, it's just, it's terrible.

00:30:17.940 So many people feel like they knew him, even though they didn't.

00:30:20.940 I mean, because you kind of feel that way, don't you?

00:30:22.900 Did you ever meet Charlie?

00:30:24.520 I met him once.

00:30:25.700 And he was very kind.

00:30:28.280 But like you watch him, he was so personal and personable and so real that I think a lot

00:30:34.780 of people, even though they never met him, they kind of felt like they were friends,

00:30:38.040 you know, they knew him.

00:30:39.280 Yeah, for sure.

00:30:41.660 That's, that's what a lot of people were saying around like my area was just like, I feel

00:30:47.240 like I lost someone that was close to me.

00:30:49.820 And I feel like social media has a way of doing that.

00:30:52.380 If, if you follow someone for a long time, you feel like you know them with a lot of like

00:30:57.300 your audience as well.

00:30:58.620 Like, I feel like a lot of people are very, oh, I feel like I know them, you know, and

00:31:03.200 that's just, that's the special part about, you know, being able to share stuff on social

00:31:07.960 media is you create this special connection, but it's, it's so hard when you lose someone

00:31:12.800 like that.

00:31:14.740 Devastating thing to go through.

00:31:16.680 Yeah.

00:31:18.360 There has to be something better to talk about than that again.

00:31:21.160 I just, it's such a traumatic thing.

00:31:23.420 And what, what are you up to?

00:31:24.420 Well, hang on before that, let me ask you, how are you dealing with my trip today?

00:31:33.060 I'm going to fill in for Charlie.

00:31:35.740 Yeah, I'm okay.

00:31:36.420 In North Dakota.

00:31:38.700 When, when, I mean, when you told me two weeks ago, it was right after everything happened

00:31:43.520 two, three weeks ago, however, a couple weeks ago, instantly got very nervous because it

00:31:50.220 was the two days after it happened.

00:31:53.980 But I was, I was like, are you crazy?

00:31:57.500 And then, you know, I was touching base with some of your team yesterday and just talking

00:32:04.160 about, because I got reached out to talking about, you know, no, you're still nervous.

00:32:07.680 And I was just saying, you know, it doesn't really leave you when stuff like that happens.

00:32:12.060 And when your family is kind of going into that position as well, like that's scary.

00:32:18.440 And also the fact that I have an event tonight and I'm going to be on stage while you're there

00:32:23.740 is just, you know, it's scary, but you know, you're going to do great.

00:32:28.360 You're, you're going to do great.

00:32:29.880 So you, there is the movie that you worked on your very first time on screen.

00:32:36.260 Yeah.

00:32:36.640 Can we play a little bit of this?

00:32:38.540 It's, it's, it's a movie called the best thing about Christmas and, uh, and she plays

00:32:46.140 a young daughter, uh, who is a aspiring music artist.

00:32:51.320 Yeah.

00:32:52.220 And she dies pretty quickly.

00:32:55.680 Oh, I'm not supposed to say that.

00:32:57.400 Oh, she doesn't die.

00:32:58.860 What are you talking about?

00:32:59.920 Um, but, uh, Alan, if you're watching this, you come on my show, you get what you get.

00:33:07.120 Dude.

00:33:10.920 So this is being actually labeled as a musical, which I think is really unfair.

00:33:14.460 Cause it's not a music.

00:33:15.220 You're not breaking out in song.

00:33:17.500 It's like this.

00:33:18.500 And it's different type.

00:33:19.720 It's, it's not musical sounding music.

00:33:22.540 It's more of a, yeah.

00:33:23.840 It's like this.

00:33:25.100 Yeah.

00:33:25.540 So when is this, when's this coming out?

00:33:31.400 So we don't have a final release date yet.

00:33:34.020 Um, cause the movie's still in post-production.

00:33:36.640 Um, we're about to get the final film, but, um, if you would like to stay updated with when

00:33:42.340 it's going to come out, um, you can go and follow the film at the best thing about Christmas

00:33:47.080 movie, um, on their socials.

00:33:49.180 And then the website is the best to be out, christmas movie.com.

00:33:53.040 I thought you were going to announce today.

00:33:54.900 I think you did too, you know, some real information, but they just, they, they are going to make

00:34:00.320 an announcement here soon on something that just happened.

00:34:02.880 Yeah.

00:34:03.280 Uh, and so I, I think that's really exciting.

00:34:05.500 Are they going to announce the end of the movie?

00:34:07.680 Is that how they're going to, is that what we're going to do?

00:34:09.900 Like how much of it are they just going to give away when they make the announcement?

00:34:13.300 Are they just going to tell the entire?

00:34:14.260 I didn't think they were planning to give it away at all.

00:34:16.260 Oh, really?

00:34:16.880 I think that already covered that.

00:34:18.220 Oh, wow.

00:34:19.000 No, yeah.

00:34:19.460 Okay, cause that's an interesting strategy.

00:34:21.540 But that's kind of the whole thing.

00:34:23.340 Yeah, actually, uh.

00:34:24.200 You know, how this family, you know.

00:34:26.200 He's actually Luke's father.

00:34:27.580 But, yeah.

00:34:28.420 That was in the trailer, if I remember right. 0.99

00:34:32.460 You're the, you are the worst.

00:34:35.720 How, how do you even have this job? 0.99

00:34:38.160 I don't know.

00:34:38.840 I really don't know.

00:34:40.160 He's really bad at keeping secrets.

00:34:41.540 Yes!

00:34:42.080 Really bad.

00:34:42.980 Really bad.

00:34:43.880 Can we focus on her for a minute?

00:34:45.400 No!

00:34:46.920 What if somebody's turned against me?

00:34:49.160 This always happens.

00:34:50.680 You're not invited again.

00:34:52.420 Okay, alright.

00:34:54.460 Last time I checked, I was having a pretty good sleep last night.

00:34:56.780 And I was like, I gotta get up for dad's show.

00:34:59.020 And now, here I am, so.

00:35:00.800 So, she has been, she's been trying out for shows, you know.

00:35:06.460 I've been trying.

00:35:07.620 Yeah, I've been trying.

00:35:08.380 But you know what?

00:35:09.140 Getting callbacks.

00:35:10.120 You are going to spend most of your time getting those.

00:35:11.980 Getting rejected.

00:35:12.620 Yeah, I know.

00:35:13.360 I mean, I don't know how you do that, but.

00:35:14.880 It's bad.

00:35:15.540 It's hard, you know, but we do it.

00:35:17.560 We do it.

00:35:18.260 But there's a difference between being rejected for a show like that and then not being, and

00:35:23.680 then being rejected by, like, McDonald's.

00:35:26.580 Stop! 1.00

00:35:27.420 Are we really about to talk about, like, okay, okay.

00:35:30.080 Okay, so I just, so I just moved to Utah, right?

00:35:33.620 Okay.

00:35:34.300 And for some reason, I can't get a job to save my life.

00:35:39.000 Really?

00:35:39.660 I have applied.

00:35:40.940 She's not like, she will take any job. 0.95

00:35:43.320 I will take anything.

00:35:44.180 I don't care.

00:35:44.800 Like, I am flexible.

00:35:46.340 Like, I can do whatever.

00:35:47.600 I can juggle.

00:35:48.480 I don't know.

00:35:48.780 Well, I can't juggle.

00:35:49.380 Well, you're in movies.

00:35:51.260 You have, you had a best-selling album.

00:35:53.660 No, she will wash the dishes.

00:35:55.540 No, I swear.

00:35:55.780 No, she'll flip burgers. 1.00

00:35:57.840 She'll do anything.

00:35:58.560 My dream job right now is to be a barista at Dutch Bros.

00:36:03.200 Dutch Bros.

00:36:04.100 I want to work at Dutch Bros so bad. 1.00

00:36:07.260 I don't know why.

00:36:08.680 Every single time I'm at the window, I pull up, and they're like, hey, girl.

00:36:12.060 I'm like, hey.

00:36:13.200 And we vibe so well.

00:36:13.920 I'm like, I need to work there.

00:36:14.940 So Dutch Bros is listening.

00:36:16.740 But they rejected you at two locations so far.

00:36:18.820 Two locations.

00:36:19.640 I've applied for, like, 10 jobs.

00:36:21.520 I've gotten no responses.

00:36:24.040 But for some reason, I'm like, I can sing.

00:36:26.580 I can dance.

00:36:27.400 Hire me, please.

00:36:28.480 Thanks.

00:36:29.560 Is it possible that they see your last name, and then it's like, no, she doesn't.

00:36:33.440 Are you not using it?

00:36:34.020 No, I have Grace.

00:36:34.460 Okay, good.

00:36:35.200 Well, actually, no, I have to use my legal name.

00:36:36.820 See, that's the problem.

00:36:37.960 That's the problem.

00:36:38.640 Everywhere else, she's like, you know, she, I think you were like six, and you're like,

00:36:44.600 I'm not using your name, Dad.

00:36:46.140 Yeah.

00:36:46.420 I'm not using it, because I know what that's going to do for my career.

00:36:49.620 This is what happens.

00:36:50.120 When people ask me what I do, I say I work at Dutch Bros.

00:36:52.180 That's what I say.

00:36:53.640 No, I'm literally like, that's my cover.

00:36:55.280 I'm like, I don't know.

00:36:55.780 I'm a barista.

00:36:56.760 No, yeah.

00:36:57.200 The only place that has actually reached out to me to reject me is Starbucks.

00:37:02.320 And I'm like, oh, that's nice.

00:37:03.040 Oh, that's very nice.

00:37:04.240 Yeah, but I was like, you're rejecting me?

00:37:05.860 Really?

00:37:06.300 I'm like, you're a number one fan.

00:37:09.640 Well, we will, give me the address again of where people can follow the movie.

00:37:14.320 And so if you want to follow up on the movie, their website is thebestthingaboutchristmasmovie.com.

00:37:20.720 And then you can find all of their socials on Facebook and Instagram at thebestthingaboutchristmasmovie.

00:37:26.980 It's a really uplifting.

00:37:29.000 It's kind of, it's kind of.

00:37:30.420 Tell us more about the movie.

00:37:31.720 I want to know more.

00:37:32.880 And please, please spoil more.

00:37:34.780 It's kind of like a wonderful life that you enjoy the movie, but it's such a great message.

00:37:40.460 Oh, cool.

00:37:40.740 It's really a great message.

00:37:41.820 You sound great.

00:37:42.500 That was a great, that was an amazing clip.

00:37:44.360 I feel like there's definitely the risk of, in one of those scenes, because for people who couldn't see it,

00:37:49.440 you're on stage at like a bar and you're nervous and you're trying to sing.

00:37:53.360 There's definitely potential for that scene to look cheesy and sound cheesy.

00:37:57.000 It didn't though.

00:37:57.640 That was great.

00:37:58.720 That's actually, that's the first scene that I filmed when I stepped on set.

00:38:03.360 They were like, they were like, all right.

00:38:04.680 Day one, walk on the set.

00:38:06.140 First time, never acting, no film experience, nothing.

00:38:09.320 They were like, day one is our biggest day.

00:38:12.060 And I was like, barf.

00:38:14.780 And so I go on and those are like real, real nerves because I'm singing in front of like

00:38:20.500 probably 50 people that I have never met.

00:38:24.100 And I'm like, I hope you like this.

00:38:26.580 And they're all actors and everybody else.

00:38:27.720 And they're like, go ahead, show us what you got.

00:38:29.640 Yeah.

00:38:29.860 Well, this is the same thing they did with, in Rocky IV, when Ivan Drago comes out from

00:38:34.440 under the ground and he had never been in front of these people.

00:38:37.580 There's a giant crowd there going crazy.

00:38:39.080 It's supposed to be a Vegas boxing match.

00:38:40.360 So you may be the next Dolph Lundgren.

00:38:42.740 Wow.

00:38:43.700 Wow.

00:38:44.660 The guns are out.

00:38:46.360 All right.

00:38:47.220 Thanks, Shai.

00:38:47.800 I love you.

00:38:48.100 Yeah.

00:38:48.500 Thanks for having me.

00:38:49.320 You bet.

00:38:49.580 With Amex Platinum, access to exclusive Amex pre-sale tickets can score you a spot track

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00:39:10.360 Amex.ca slash why Amex.ca slash why Amex.ca slash why Amex.ca slash why Amex.ca slash why Amex.ca.

00:39:11.360 So being a fan.

00:39:12.380 Amex.ca slash why Amex.ca slash why Amex.ca slash why Amex.ca slash why Amex.ca slash why Amex.ca slash why Amex.ca slash why Amex.ca slash why Amex.ca slash why Amex.ca slash why Amex.ca slash why Amex.ca slash why Amex.ca slash eighty 0.73

The Glenn Beck Program - October 09, 2025

Best of the Program ｜ Guests： Carol Roth & Cheyenne Grace ｜ 10⧸9⧸25

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