Best of The Program ｜ Guests： Justin Haskins & Carol Roth ｜ 1⧸13⧸22
Episode Stats
Words per Minute
161.3564
Summary
Today we talk about not only the pandemic, but also the financial future for everybody, as inflation hits and all the other things go on, we ll get into that today. Glenn's new book is out, The Great Reset, it's number 1 on Amazon, Kindle, and everywhere, you should pick it up as well at TheGreatReset.net.
Transcript
00:00:00.000
Welcome to the podcast. Today, we talk about not only the pandemic, but also the financial
00:00:07.220
future for everybody. And as inflation hits and all the other things go on, we'll get into that
00:00:13.820
today. Glenn's new book is out. It's called The Great Reset. It's number one on Amazon. It's
00:00:18.420
number one on Kindle. It's number one everywhere. You should pick it up as well at glennsnewbook.com.
00:00:24.420
We get into that and we get into the feeling around the country,
00:00:28.420
almost of a little bit of embarrassment as to what has gone on over this first year of the
00:00:33.400
Biden presidency and a shiny new 33% approval rating for our president. We'll get into that
00:00:40.120
today as well. Here's the podcast. You're listening to the best of the Glenn Beck program.
00:00:52.660
You know, I've been doing a lot of interviews around the country for the new book, The Great
00:01:00.500
Reset. And I am surprised at how many times I hear people say, like Sean Spicer yesterday said,
00:01:08.640
you know, I didn't realize I thought I knew everything about politics and everything else.
00:01:12.640
And then I read your book, Glenn, and he said it opened my eyes to something completely different.
00:01:17.260
This is the Rosetta Stone for understanding what's happening in our country. So many stories you
00:01:25.940
can't make sense of. Read The Great Reset and then let's start fixing our country. We can't win
00:01:36.260
against Islamic extremism because we can't identify it. Nobody was allowed to identify anything.
00:01:41.920
If we weren't able to identify communism, we wouldn't have been able to defeat it. If we
00:01:48.940
wouldn't have been able to identify fascism and Nazism, we wouldn't have been able to defeat it.
00:01:53.400
If you're going to fight, you have to stop fighting the shadows, which is the right-left Republican
00:02:01.320
Democrat kind of thing. The Democrats are trying to bring in a one-party system, which is all about
00:02:08.960
the Great Reset. But that's not the show. That's not the real, that's not where everything is
00:02:15.740
happening. It is happening, as we'll show you later on in the program. It's already happening
00:02:20.300
to the banks. It's already happening to businesses. It's already happening to you with COVID.
00:02:26.780
So many people have written me this week and said, Glenn, I'm reading the book right now.
00:02:31.780
Um, and you know, I, I, there are solutions and yes, there are solutions and they are practical
00:02:38.780
solutions at the, uh, end of the book. Later on in the program today, I'm going to go over economic
00:02:45.240
solutions, uh, for you, but I, I've also drafted up a practice steps to revive the Republic. And I'd like
00:02:53.360
to send this out in my newsletter and also post this at Facebook and everything else during the show
00:02:59.360
today. It's practice steps to revive the Republic. And it is, it's nowhere near a comprehensive list.
00:03:06.680
Um, there's lots of things that we have to do, but let me give you just a few of them and
00:03:12.880
they're going to sound simple or crazy or come on, that's not going to, but it is, this is all part
00:03:20.380
of it. Remember our foundation is rotten. So unless we go back to the cornerstones and we fix that,
00:03:27.420
we can never level the house. We will, the house will come down. It's only a matter of time.
00:03:33.300
We have to stop taking shortcuts and go right to the cornerstone. So number one,
00:03:39.760
get married and have a family, get married and have a family. The best thing you can do this
00:03:49.660
mother Teresa said best thing you can do to promote world peace is get married, have a home,
00:03:55.000
have children and love your family. Family is the first government we in, we, uh, we enter into.
00:04:02.600
It's where we are taught the ideas, the virtues that are necessary for self-governance. Your kids
00:04:09.680
start to rebel in their teenage years because they're ready to start governing themselves. They
00:04:14.560
want that. So our job is to love our children, teach them, and then let them go and make their
00:04:21.640
own decisions. That is the natural order of things. So you learn those things. And if, if kids are,
00:04:29.680
you know, out on their own, they're, you know, not in a good family, the family has disintegrated.
00:04:36.100
We call those people maladjusted because they didn't come from a family. Look at our,
00:04:42.240
our murder rates and everything else. It's from broken homes. If you want to fix America,
00:04:48.280
America, if you love someone, if you know what that means, and you're, you are, um,
00:04:56.620
you're a decent human being, marry them, marry them now, marry them and start a family.
00:05:06.740
Reagan said, if you're concerned about the fall of, uh, America, some have suggested in today's
00:05:12.740
world, the family has somehow become less important. I can't help but thinking just the opposite.
00:05:17.280
When so much around us is whispering the little lie that we should live for the moment and just
00:05:21.660
ourselves, it's important that our families affirm an older and more lasting set of values.
00:05:27.620
All right. The second one, and I go into depth on all of these and I'll post it at Facebook here
00:05:32.140
in a few minutes. Um, the second one is tell the truth. Jordan Peterson said something I think
00:05:39.700
really profound. He said, when you have something to say, silence is a lie. It goes to Bonhoeffer
00:05:47.740
silence in the face of evil is evil itself. You're lying. If you stand by quietly lying today is really,
00:05:57.960
really easy. Uh, and it takes the mess of the present and pushes it right into the future.
00:06:04.200
It makes your life a minefield one wrong step and everything blows up it lying. It takes too much
00:06:13.820
out of you. Um, you, you, it just, it just does. And I know I'm an alcoholic. I lied for many years of
00:06:20.980
my life while I was drinking and there is nothing more empowering than telling the truth and letting
00:06:27.840
the chips fall where they may stop lying. We're all saying the media lies, politicians lies, the doctors,
00:06:34.660
the celebrities lie, blah, blah, blah. But if we're lying too, even if it's just, we're being silent in the
00:06:41.040
face of these lies, then we know they are lies and we can't expect things to improve. We have to agree with
00:06:51.160
each other to stop lying and to start telling each other the truth and then listening to each other.
00:06:58.760
When you are forced to remain silent, when you're being told the most obvious lies, when you're forced
00:07:06.000
to repeat those lies yourself, you will, you'll lose all sense of right and wrong. And you will,
00:07:15.800
you will become part of the evil that you are against. You have to embrace and promote a life of,
00:07:25.140
of worthy values of liberty. And it begins with us. Third step, study and history, study history and read
00:07:36.160
old books. The one thing I have learned, uh, over the years is these ridiculous scholars that are just
00:07:44.740
quoting themselves and they never get to an original source. And they want to tell me what
00:07:50.320
somebody thought 200 years ago by dismissing what the people and the friends of that people. And even
00:07:56.700
some of the enemies said about those people at the time of their life, they have no new insight.
00:08:03.740
Stop reading these new books, start getting back to original sources. You know, um,
00:08:10.380
so much is being lost because we're not, we're looking for new wisdom. It is old wisdom that will
00:08:19.180
provide the stability. Fourth step I want you to consider is own, don't rent. You know, I said last
00:08:28.260
night on the TV show, uh, somebody asked a question. I remember what it was, uh, but it was about the great
00:08:34.700
reset. And they said, what, what is it? I think this was the question. What is it that these corporations
00:08:41.000
are getting out of all of this? What, why do they want to do this? Why would they cripple people? Um,
00:08:47.800
uh, and, and how does that help them if they're destroying everything? Because they are the Mr. Potter
00:08:55.320
in it's a wonderful life. You have to change your mindset on what corporations are now doing.
00:09:02.760
They used to have a social contract that what was good for them or what's good for you is good for
00:09:09.380
them. That social contract is no longer valid. They are not thinking that way. They are looking
00:09:15.720
to enrich themselves because they see that the world is changing. This is a longer discussion we can have,
00:09:22.680
and it's also in the book, but they are making moves that will ensure their prosperity and really
00:09:30.780
ensure your demise. And I want you to understand it like this, Mr. Potter, what was the story between
00:09:39.760
Jimmy Stewart and Mr. Potter? What was, what was that building, you know, that, uh, building savings
00:09:45.240
and loan story real all really all about. It was about two visions. One was George Bailey and his father.
00:09:53.980
And they said people had a right to own their own spot of land, to own their own life, uh, and to
00:10:01.520
make their own rules. And it gives pride. You know, a Harvard study came out in 2001 and they said
00:10:09.220
there's strong, consistent evidence that indicates that homeowners are more likely to be satisfied with
00:10:14.720
their homes and neighborhoods, participate in voluntary and political activities, and stay in their homes
00:10:20.680
longer contributing to the neighborhood. These things are all really good. There is pride of
00:10:27.020
ownership. The, the great reset is about destroying all ownership. Own, do not rent. Mr. Potter said,
00:10:38.360
ah, these people, they're never going to amount to any, anything. That's the elite speaking.
00:10:43.880
These people, you can't trust them. They're bad. We have to control them. We'll put them into
00:10:50.600
Pottersville. Pottersville is the great reset. That's what they want it to become. And that is
00:10:58.320
exactly what it will become. Unless we start to do things to become self-reliant, more empathetic,
00:11:06.920
and stand on the owner's mentality. The other couple of things here, I'm just going to give
00:11:14.400
them to you quickly and I'll post them. Dump the T into the C. Remember who we're dealing with. Dump
00:11:19.480
the T in the C and know your rights and your responsibilities. You have to know your rights
00:11:26.360
and your responsibilities. And, uh, the last one is, uh, say Republic more than democracy because we
00:11:32.940
are not a democracy. We are Republican. That is an important distinction. I'm going to point these
00:11:38.060
easy steps, uh, at, to my Facebook page here in just a few minutes. We'll post them so you can have
00:11:44.380
them. Uh, these are new year's resolutions that you can do and should do. I would love to get, uh,
00:11:52.100
emails and phone calls from people today who say, I've been dinking around on my, uh, my fiance or
00:11:59.260
asking somebody to get married. I'm going to ask them today to marry me, get made, start a family,
00:12:06.860
buy a house, own something back in a minute. You're listening to the best of the Glenn Beck program.
00:12:29.260
Okay. Let me go to, uh, my coauthor of the, uh, bestselling book, the number one selling book in
00:12:42.620
the country. Now, uh, Justin Haskins coauthor of the great reset. Uh, I told you about a half hour ago.
00:12:49.820
I found out right after the show yesterday that my worst fear had come, uh, through that, uh, we had
00:12:57.820
already sold through the first printing of the book, um, in the first day, uh, this book, the,
00:13:06.300
the most we've ever sold in a week with common sense. And that was about 150,000 copies. Uh,
00:13:11.820
we sold about a hundred thousand copies in the first day of this book. We are trying to get the
00:13:17.260
presses rearranged so we can get it out. It is available on Kindle. It is available in some stores.
00:13:23.580
You can order it. Um, and please do that. It, it helps us know, you know, what the demand is.
00:13:30.780
Please order it. Uh, now you can go to glens new book.com glens new book.com and you can order it.
00:13:38.860
We'll give you the details on when it will be shipping to you soon. But like I said,
00:13:43.420
Barnes and Noble and other places still do have some copies of the book. Um, so grab it. It is
00:13:49.580
the Rosetta stone. My coauthor is, uh, Justin Haskins. Um, this one took some real heavy lifting
00:13:56.380
from, uh, Justin and his team, uh, and my team, because this was very difficult to, uh, figure out.
00:14:04.700
And Justin, one of the things that people have to understand is that how this is going to affect
00:14:12.620
their everyday life. And there's a story out today about Uber and how this, the great reset is
00:14:20.380
actually affecting Uber today. Do you have that story by any chance? Yeah. Yeah. We just pulled it
00:14:27.820
up actually. And essentially what's going on is, uh, with Uber, it's not just Uber. It's actually Uber.
00:14:34.620
It's Lyft. It's, it's a whole bunch of companies that are affected by what's called the gig economy,
00:14:40.300
where you have independent contractors, um, doing most of the work for these companies.
00:14:45.420
That's what Uber drivers are. And that's what Lyft drivers are. And, uh, you have these ESG
00:14:50.860
scoring and rating groups, uh, penalizing Uber, penalizing Lyft, because they don't have enough
00:14:58.140
information about these independent contractors. They don't know how well they're being treated.
00:15:03.820
Uh, so they need more information about those before they're going to include them in all of their
00:15:08.620
various, uh, rating systems and things like that. The, the, the thing that's important to keep in
00:15:12.940
mind here is that it's all of these big ESG scoring companies, all of these big rating agencies,
00:15:20.620
they're constantly looking for more and more and more information from these businesses. And they're,
00:15:27.100
and they're effectively penalizing these companies that are giving independent contractors
00:15:32.060
the ability, uh, to go out and make some extra money by saying, you know, you guys are by making
00:15:38.780
these people independent, you're not giving us enough information. We need even more information.
00:15:42.940
Otherwise you're essentially going to be listed as one of these bad companies, Uber, Lyft, and all of
00:15:47.500
these other, uh, gig economy companies, a lot of them already have ESG scoring systems. So this is
00:15:53.740
actually them complaining that their ESG scoring systems are not giving them enough details. Give us even
00:15:59.500
more information. And when they start like this, the next step is you're not giving me the information.
00:16:08.540
Um, the driver, we need information on the driver and how he lives his life and what he is doing.
00:16:15.980
Exactly. This is how it all trickles down and it will, it will stop you from working. It will stop you
00:16:23.020
from, um, uh, you know, inventing and being an entrepreneur. It stops the basic free market dead
00:16:33.260
in its tracks. Um, that's just one example of, of what's happening. That's in the news today. Um,
00:16:40.460
there is a story. Now I thought this would change. I just, we were talking about this yesterday. I thought
00:16:45.420
the, uh, Davos world economic forum, uh, meeting, wasn't that changed to summer or is that still
00:16:51.980
January 22nd? No, they changed it. Yeah. They pushed it back. Um, and, and they might,
00:16:56.940
they may very well push it back even further. Uh, so they, they did the same exact thing last year.
00:17:01.980
They kept pushing the meetings back. Uh, they do virtual meetings though, with many of the higher
00:17:07.100
level people. So it's important to remember just because they're not having one of these big meetings
00:17:11.660
where 10, you know, tens of thousands of people are flying into Davos doesn't mean that they're
00:17:15.580
not meeting. They have been meeting and they will continue to. They have, they just released the
00:17:20.300
agenda for January for their, um, virtual meeting. People ask me, you know, uh, how much power do they
00:17:28.060
actually have? I want you to listen just to the attendees titles, the people who are actually speaking
00:17:35.420
at Davos and all about the great reset. You have the prime minister of India, prime minister of
00:17:42.380
Japan, secretary general of the United nations, president of the European commission, prime
00:17:47.340
minister of Australia, president of Indonesia, prime minister of Israel, secretary of state,
00:17:52.860
uh, sorry, secretary of the treasury of the United States, Janet Yellen, uh, vice president of Nigeria,
00:17:58.860
director general of the world health organization, the executive director of international agency,
00:18:04.380
energy agency, president of Peru, president of Columbia, um, Anthony Fauci will be there,
00:18:11.180
minister of environment of Egypt, managing director of the international monetary fund,
00:18:16.620
president of Guatemala, vice president of the United States, uh, Al Gore, um, the minister of the
00:18:23.660
economy of Brazil, the ministry of information, communication, and technology, uh, the president of
00:18:29.180
Rwanda, special presidential envoy for the climate of the United States of America, John Kerry, the
00:18:35.820
governor of the bank of Japan, president of the European central bank, the president of Ecuador,
00:18:41.340
director general, world trade organization, ministry of energy of Saudi Arabia, the commissioner for jobs
00:18:48.220
and social rights for the European commission, the governor of the central bank of France, the minister of
00:18:54.540
state for advanced technology, ministry of industry and advanced technology of the UAE. Those are just
00:19:01.500
some of the speakers at this. So when you say, what kind of power do they have? That kind of power,
00:19:09.260
that's right, that kind of power, these people are making rules. In fact, they just put out, uh, on this
00:19:17.180
sheet, the things that they are the top 10 global risks by severity. See if these match anything that
00:19:25.900
you feel. Okay. The number one they're saying is, uh, global warming. Number two, extreme weather. Number
00:19:34.620
three, biodiversity loss. Number four, social cohesion, erosion, livelihood crisis, infectious diseases,
00:19:42.780
human environmental changes. They don't get to the economy until number 10. Um, these people are
00:19:49.980
wildly out of touch. They are elites and they are designing everything, right? Everything in your
00:19:57.340
life. Yeah, that's exactly right. And the global risks report, which you were just quoting from that
00:20:01.500
came out recently from the world economic forum with where they essentially conducted a survey of a
00:20:07.340
thousand people who are tied to the world economic forum. Um, those were the number of respondents they
00:20:12.620
had anyway. And they asked them what they thought should be the primary risks going forward. And those
00:20:18.940
were the results that they got. Um, and I think the reason why that report matters so much is because
00:20:24.780
I think this is them figuring out how they're going to position themselves going forward. This whole
00:20:31.900
idea of the great reset is built on crises. You don't have a crisis. You don't have a, you know,
00:20:37.900
a necessary solution to rework the world, right? You need a crisis to have the great reset. That's
00:20:44.060
what COVID was initially, but they know that COVID is not a long-term problem. This survey proves it
00:20:49.900
because COVID is not listed on here as one of the primary things, especially when you go, because there
00:20:54.860
are several different timeframes in their survey. The further you go out, like when you go to the five
00:21:00.140
to 10 year apart, there's no mention of COVID at all. So they don't believe that's going to be a
00:21:05.260
problem for them in five to 10 years. What did they put there though? They put climate action,
00:21:09.500
extreme weather, biodiversity loss, natural resource crises, human environmental damage. Those are the
00:21:15.020
top five things. Why are those the things? Because that I believe is what they think is going to be
00:21:21.820
the strategy, the PR strategy going forward in the longterm. And this is something that we put in the
00:21:27.500
book. We spent an entire chapter in the book. I think it's chapter three, all about how climate
00:21:32.300
change is the longterm justification, how environmentalism is the longterm justification
00:21:37.660
for the great reset because COVID isn't going to last forever. Correct. For moving you into cities.
00:21:43.900
I mean, we're talking about the claiming of 50% of all property by our federal government,
00:21:52.300
50% off limits to human beings. That's obscene. And, and, and who do they think they are that they
00:22:01.740
could get away with this? These will be global initiatives. That's how they get around all of
00:22:07.980
the countries. The country can throw a fit. It won't matter. You will be kicked out of the global
00:22:14.460
community. If you don't play along, you won't, nobody will accept your money. No one will accept
00:22:20.940
buying anything from you. Um, you can't sell anything to anyone. And this is on not only a
00:22:27.580
global scale, but I can't emphasize this enough on the, the most minute scale, you going to a grocery
00:22:36.460
store. It is what the plan is. Right. And I think that what's really important for people to understand
00:22:42.940
too, is that that is why corporations and banks and financial institutions are, are such a big part of
00:22:50.060
this because you could elect, uh, a Donald Trump America first type person. And the plan does not
00:22:56.780
stop. It doesn't stop. They keep moving forward. Why? Because even if you have government officials
00:23:01.980
saying, we're not going to do this, we're not going to support this, we're not going to go in this
00:23:05.980
direction. If all of the corporations are moving in that direction anyway, if they're going to decide
00:23:11.340
what you can buy and what you can't buy, if the banks are going to decide who, you know, that they
00:23:15.820
won't lend to certain people doing certain kinds of businesses, then it doesn't matter what Donald
00:23:21.100
Trump says. They can control it and they can do it from anywhere because these corporations have become
00:23:26.300
so globalized that if Europe says we don't do business with corporations, they're actually
00:23:31.180
considering a resolution right now in Europe that would require every business that, that is in the,
00:23:37.420
the value chain, not just doing direct business in the European Union, but just in the value chain
00:23:42.860
in Europe to go along with a, a, uh, uh, European Union ESG, they call it due diligence
00:23:49.740
system. So if you're Coca-Cola eat, let's say you're Coca-Cola and you know, you obviously sell
00:23:56.060
things in the European Union, you're going to have to go along with the European Union's ESG rating
00:24:00.780
system. You're going to have to prioritize whatever they decide. And so again, what it doesn't matter
00:24:05.500
what politicians in the United States say, if that's the system. And the, the, the frightening
00:24:10.300
thing, this is why local is so important. Localize everything. Start a farmer's market. If you don't
00:24:16.940
have one buy at a farmer's market, um, buy local, local, local, you've got to, you've got to start
00:24:24.060
looking in the smallest of areas. The way to beat this is through the small, not through the big,
00:24:31.500
they've got the big mastered. So, you know, um, Coca-Cola is one of the big ones on ESG and one of the
00:24:39.660
the real leaders in the world of, of, uh, the great reset. And they already are doing things in
00:24:46.380
Europe that are insane. If they have to buy sugar, they have to now verify that those farms and
00:24:54.540
everything that they get their sugar from are ESG compliant. The sugar farm cannot sell to a company
00:25:04.140
that has a higher ESG score. Now this ESG score, I can guarantee you, it is all going to come down to
00:25:11.500
money. You know, they're, they're not well-defined there. It's, it's really, who's going to give
00:25:19.260
people the money to grease the tracks. This is going to get so corrupt so fast. Um, and the price of
00:25:27.820
everything will go up. Yeah. It has to, it has to. And, and who's writing these ESG scores? Who,
00:25:36.140
who writes these ESG systems? Who makes them? It's the big, it's the banks and it's big corporate,
00:25:41.980
uh, leaders. That's, that's the people who are writing them. The, the world economic forums,
00:25:46.540
sort of official ESG system that they want the world to adopt the head of that, of that group that's,
00:25:52.460
that wrote those standards is the president, the, the, or the CEO of bank of America. That's the
00:25:59.180
person leading the charge for the world economic forum doing this. So these people are literally
00:26:04.540
writing their own rules. This whole system is so corrupt. It's so full of cronyism and it's,
00:26:11.740
it's so obvious what's going on. If you actually take the time to look under the hood, which is what
00:26:17.020
this book is all about. If you don't know, if you don't understand the details of this,
00:26:21.740
there will be no way to stop it because it is so complicated. You will not stumble upon this
00:26:27.180
information. You have to actually be presented with it in a, in a clear cohesive way. Exactly.
00:26:33.100
Otherwise you'll never understand it. It's really not complex. Once you get it once
00:26:38.940
that was our, that was our struggle was to boil this down into something that everyone could read
00:26:44.780
and understand. Um, and if you really want to become an expert, all of the, all of the landmarks are
00:26:51.260
there that we point you to, to really go much deeper, but this is the Rosetta stone. This is
00:26:56.540
the thing that everyone has to read. This is the biggest story I believe in. If you think this is
00:27:03.180
hyperbole, please correct it. I think this is the biggest story of humankind in the last 500,
00:27:09.980
maybe the last 200 years since America. I think this is the game changing human story of the last 200
00:27:19.660
years. Yeah. The, the, the great reset is the other side. It's, it's the, it's the other side
00:27:26.140
of the American revolution. It's their American revolution that it's for, for progressivism for
00:27:31.340
this whole long story that's been going on for hundreds of years of, of fascism and, and hardcore
00:27:37.500
progressivism that, that story in their minds is culminating right now. This is the, this is the height
00:27:43.820
of that moment for them. This is their American revolution in the same way that the American
00:27:48.060
revolution was not the beginning of that freedom movement that had been going on for a while. And
00:27:51.900
that kind of became the, the culmination of that movement. This is the same thing for them. This
00:27:56.940
is their 1776. Okay. Um, the book, you can get it now, glennsnewbook.com, glennsnewbook, more in a minute.
00:28:05.100
All right. Let me go to Carol Roth. Uh, Carol Roth is just, uh, I think Carol has just been a
00:28:23.420
godsend. Uh, I have been looking for somebody that understands the economy broadly, understands the big
00:28:31.020
business of wall street, but then focuses on the average person. Uh, and she has done that. She is
00:28:38.220
a former investment banker turned to the light side. And, uh, she is the author of the war on
00:28:44.380
small business. And we want to talk to her today about, um, inflation Congress and their insider
00:28:50.700
trading, uh, and what you should know about investing, how you can protect yourself for what
00:28:57.420
is coming. Carol, welcome to the Glenn Beck program. How are you? Glenn, it's great to be back with you.
00:29:02.540
And I have to congratulate you on the great reset book. Mine is on the way. I don't have it in my
00:29:09.180
grubby little hands because they ran out of copies because it was so darn popular. So I am champing at
00:29:16.220
the bit to get my hands on my copy. Well, you can, uh, you can get it on Kindle, um, while we're waiting
00:29:22.700
for the, uh, uh, the new books to be shipped out. Hopefully we'll have some news on when those things are
00:29:26.700
going to be shipped out. But we, the, the biggest book I ever sold was a 2 million seller. And in the
00:29:32.060
first week we sold 150,000 copies on day one, we sold about a hundred thousand copies on day one
00:29:39.260
this time. Uh, so it's, yeah, it's, it's truly amazing. Uh, so Carol, let me, um, let's, let's start
00:29:47.740
here with inflation. Inflation is not transitory. It is getting worse and worse. There are shortages
00:29:54.300
in our grocery stores. Uh, and we're hearing blame from everybody, you know, from the snow
00:30:01.260
storms, et cetera, et cetera. In my entire life, I have never seen our country except in snowstorms
00:30:09.500
for a few days go through this, but certainly not countrywide. What is really happening and how bad
00:30:18.300
do you think this is going to get? So this is the, um, I will call it the logical outcome,
00:30:24.700
the illogical outcome of central planners who think that they are incredibly smart and a direct
00:30:31.900
result of the COVID policies, uh, monetary and fiscal that we have seen over the last two years.
00:30:39.980
You had the federal reserve printing trillions of dollars and adding that to, uh, the economy.
00:30:47.020
You had the federal government putting out trillions of dollars in stimulus money. You had
00:30:54.060
governments at all levels deciding that they were going to treat the economy as if it were a modem that
00:31:00.780
you could power cycle and flip it on and off. And they shut down about a third of the economy
00:31:06.940
and assume that that wouldn't cause disruptions to the labor force and to the supply chain.
00:31:13.820
And then some of the incentives that they put in place and the uncertainty they created by their policy
00:31:19.580
further disrupted that labor force. So when you put that sort of big storm of things together,
00:31:26.940
that is the driver of inflation. And it goes all the way through. If the inputs
00:31:33.580
to goods and services are increasing in prices and labor costs are going up because you can't find
00:31:39.980
enough workers to work and then that they have the, um, uh, the leverage on their side and your
00:31:45.580
operating costs are going up, eventually the businesses are going to need to make up that drag.
00:31:53.020
And so they pass those costs, uh, increases onto the consumer. And that's why you are seeing both
00:32:00.140
an increase in cost as well as a decrease in availability of all different kinds of goods
00:32:06.620
and services. So the study came out shows that what they have done to the economy has cost the
00:32:14.060
average American $5,000 extra just in inflation. They said to us last summer when it was, you know,
00:32:23.100
going over 2%, they, maybe it'll go to three or four, maybe it'll go to five, maybe it'll go to
00:32:28.140
six. It's now over seven and it's only been a few months. Uh, are, are we seeing any signs of slow
00:32:35.820
down of this? Well, I'm old enough to remember last, uh, 4th of July when they told us we were
00:32:41.900
saving 16 cents on hot dogs. I don't know about you, but I was very excited about that.
00:32:47.180
Yeah, I was very excited. They have, I don't know if they actually missed the mark or they just lied
00:32:54.780
to us because anybody with half a brain and you don't have to be a formal economist knew this was
00:33:01.100
going to be the outcome. And many of us have been jumping up and down for, you know, almost two years
00:33:06.060
now saying this was going to be the outcome. And by the way, that CPI measure of inflation,
00:33:12.540
that 7% that you're talking about is a urban household survey where they basically say,
00:33:19.420
well, if you can substitute a good, we're not going to count that as an increase. So it's actually
00:33:24.060
that the 7% they're saying you're feeling much more than that in, in terms of your pocketbook
00:33:29.340
and your everyday shopping. Wait, wait, wait, wait, if you could, wait, wait, wait, if you can
00:33:33.260
substitute a good. So in other words, you can get spam instead of ham. Right. Then we're not going to
00:33:41.420
count that. We're going to, we're going to, we're going to count the increase in spam instead of
00:33:45.740
the increase in ham. I mean, that's not the actual thing, but that's the analogy to what happened.
00:33:51.500
Okay. Yeah. Yeah. That's how they, that's how they manipulate these inflation numbers that have
00:33:56.140
been doing that for many decades now. So whatever they're reporting to you. And again, we, we don't
00:34:01.340
need to tell you that you're going to the grocery store, you're out living your life and you're feeling
00:34:06.700
this. So, you know, the things that you're paying for are, have increased more than 7%,
00:34:11.660
but that's what they're admitting. So that that's a pretty big, big admission when their target rate
00:34:18.140
of inflation was 2%. So can you go ahead, go ahead. No, I was going to say in terms of where this is
00:34:26.300
going, there are parts of this where I don't see how, even if you can get some of the supply chain
00:34:35.020
back on track. And even if the fed scales back its monetary policy, which it has said,
00:34:41.020
it plans to do, but I don't personally don't believe it's going to be at the scale that they're
00:34:46.780
saying, um, the piece of labor piece of this, you know, we've had, you know, something like 3 million
00:34:53.340
boomers who've retired early. We have some structural issues in the labor force. So what may end up
00:34:59.980
happening is the rate of increase in inflation may come down instead of a 7% increase. It's only a 5%
00:35:09.500
increase. And what they will do is they will sell that as well. And oh, look, the inflation rate is
00:35:14.220
going down. But what that really is, is cumulative. You're never getting back that initial 7% increase,
00:35:21.780
which we know is higher. You're adding on top of that another five. So yes, maybe, you know,
00:35:27.680
you didn't get another seven, but that's money you are never getting back. That is a permanent
00:35:32.140
tax on the average American. You talk in your book and, and really lay it out really well.
00:35:39.480
Um, this is all due to the biggest, uh, wealth transfer of all time. It started in 2008. They did
00:35:48.760
it again, um, here recently. And it is completely bypassed main street, uh, and the middle class.
00:35:57.440
And it's gone to the well-connected and the, uh, the wealthy already, they're getting richer and
00:36:03.620
richer. I've never been somebody who has a problem with rich people or, you know, you make your money,
00:36:10.080
you earn it honestly. Um, however, they're getting bails, uh, they're getting bailed out by people
00:36:16.060
like me paying my taxes and others who are working hard every day. And we are losing in this deal.
00:36:22.900
And the end game is you will own nothing and you'll be happy.
00:36:28.360
Exactly. So this is the great reset playbook that you have written about. And I cannot wait to get
00:36:34.440
into the details on that. Uh, but that is one of the tenants. And I have to say, you know, I am not,
00:36:40.980
uh, the most conspiratorial person. And when I first said, Oh, there's no way they said something like,
00:36:47.220
you will own nothing and you will be happy. And then sure enough, I went and I looked it up myself
00:36:51.620
and I did the due diligence. Oh boy, that's right there in, in plain English. Um, it's there,
00:36:59.220
With a video with a, with a woman like, you know, dumbly smiling going, Oh look, I, I owe nothing.
00:37:06.940
And I'm thrilled. Um, and, and that is the issue here is that they're creating these barriers to
00:37:13.700
wealth creation and to ownership. And they've done it through monetary policy. They've done it through
00:37:20.140
government rule. And it is the most historic transfer of wealth from main street to wall street,
00:37:26.260
because if you are a saver, or if you are a retiree, or you're an average American is just
00:37:30.920
trying to go and buy groceries, it's getting more expensive. You're not able to earn any sort of,
00:37:37.320
um, appropriate interest level on your savings to keep up with that pace of inflation. But the asset
00:37:44.660
values have been increasing. And so we're seeing those people who are already wealthy and well,
00:37:51.100
well connected, seeing their wealth increase. And so basically what you need to
00:37:56.240
do is you need to take that playbook and flip it on its head, whatever they don't want you to do,
00:38:02.260
you need to do, you need to have ownership. You need to be focused on those assets and,
00:38:09.500
and practice some delayed gratification right now, because that is the pushback against the great
00:38:15.060
reset. So I was saying earlier today, um, because this whole thing is to try to get you to not own
00:38:21.720
anything and they're going to bankrupt us. So you'll have to be very careful and, and, you know,
00:38:26.980
and, and really strategize because you don't want to get into over your head debt. But owning property,
00:38:34.280
owning your own house is so critical right now. Uh, and if it means you have to move away from where
00:38:40.940
you really want to live, but you can find another place in a cheaper part of the country, you know,
00:38:46.240
that is a, uh, red state mentality, you should do it. Um, somebody called me today and said,
00:38:52.100
would you consider, uh, uh, condominiums real property?
00:39:01.300
That's a tough one. That's a tough one. I say this as a condo owner, um, because it is,
00:39:07.220
you know, somewhat cooperative. And obviously we saw, you know, as recently as that, you know,
00:39:12.720
within the last year, that if that cooperative doesn't make the necessary investments in the
00:39:18.360
property, um, tragedy can strike. We saw that in Florida. So, um, I, you know, I, I like something
00:39:24.540
where you have that direct ownership and the more direct you can, you can own the better, as you
00:39:30.180
said, home ownership, um, other things to do. Like if you are a worker right now, you are in demand.
00:39:37.060
And if you do not have an ownership stake in the company that you're working with through via
00:39:42.120
options or equity, it's a really good time to look for an opportunity where you can share in that
00:39:48.300
upside, whether the company is public or private, a lot of different businesses will offer you the
00:39:54.900
opportunity to own a piece of the business over time. And that, you know, if you're going to work
00:40:00.140
and you're going to put your, your, your time and your effort towards helping somebody else build
00:40:05.140
value, participate in that value if you can. Okay. So, uh, we're going to pick it up, uh,
00:40:11.400
on Bitcoin and other investments, uh, gold, silver, and, um, uh, and the things that you need
00:40:19.420
to be aware of and the people that are enriching themselves in Washington on all of this, like pigs.
00:40:25.380
We're going to talk about that with Carol Roth here. Give me one minute. We're going to come