The Glenn Beck Program - Best of the Program ｜ Guests： Matt Kibbe & Carol Roth ｜ 4⧸13⧸22

00:00:00.000 We started the show with this FBI announcement that just happened last Friday about white

00:00:06.880 supremacists being the biggest threat to the nation, completely unrelated to the fact that

00:00:14.000 the FBI had questioned 16 times the guy who went into the subways and shot a bunch of 0.52

00:00:22.660 people.

00:00:22.960 Not 17 times.

00:00:24.260 Not 17.

00:00:25.260 So I don't know why you're being so critical.

00:00:27.080 Correct.

00:00:27.300 And, uh, well, they probably didn't hold him because, uh, he wasn't white and he was 0.93

00:00:33.360 somebody who was a white, uh, sorry, a black supremacist.

00:00:36.620 So it didn't fit into their, uh, into their narrative.

00:00:40.060 Uh, also we have Carol Roth on today.

00:00:42.540 We had Matt Kibbe talking about what's happening in Shanghai.

00:00:45.720 It's terrifying.

00:00:47.160 Yeah.

00:00:47.540 Well, complete shutdown.

00:00:48.640 Was it 30 million people?

00:00:50.180 Something like that.

00:00:50.740 And it's, it, as he says, it's not, you know, some village with a hut.

00:00:53.740 This is their financial center.

00:00:55.800 Uh, and it, it's terrifying what is happening there.

00:01:00.320 Also the second episode in the, uh, search for America's God today.

00:01:06.960 Uh, I think you're one step closer to understanding what is wrong with our neighbors and our friends

00:01:14.240 and our nation.

00:01:15.560 Why are we headed down the way we are?

00:01:18.300 Uh, and what does it mean?

00:01:21.700 Part two of our four part series today on America's God.

00:01:28.080 So last Friday, Homeland Security Secretary Alejandro Mayorkas declared,

00:01:50.480 Hey, that's, that's not Alejandro Mayorkas.

00:01:55.560 I got to be able to do that.

00:01:57.620 My Pat can really do that.

00:01:59.140 Well, you know, when you're watching TV and somebody who is as white as I am, and then,

00:02:04.640 uh, Homeland Security Secretary Alejandro Mayorkas declared white supremacist and domestic violence

00:02:13.200 extremism to be the most prominent threat currently facing our country.

00:02:17.320 The timing couldn't have been more perfect because just a few hours later, a jury in Grand Rapids,

00:02:25.280 Michigan exposed the justice department's largest alleged domestic terrorism case in the last

00:02:33.320 18 months as a failed FBI entrapment scheme designed to smear conservatives as white supremacists

00:02:42.580 ahead of the 2020 election.

00:02:45.140 This article is from the, um, uh, the federalist, I think.

00:02:51.080 Yes, the federalist, uh, by refusing to convict four men accused of plotting to kidnap and kill

00:02:57.620 Michigan Governor Gretchen Whitmer before election day, the Grand Rapids jury seemed to side with the

00:03:03.500 defense attorneys who argued their clients were not domestic terrorists, but entrapped by undercover FBI

00:03:09.420 agents and at least a dozen informants who planned and funded the kidnapping operation.

00:03:15.140 The key to the government's plan was to turn general discontent with Governor Whitmer's COVID-19

00:03:21.120 restrictions into a crime that could be prosecuted.

00:03:24.760 Defense lawyers wrote the government picked what it knew would be a sensational charge conspiracy to

00:03:31.340 kidnap the governor.

00:03:32.860 And when the government was faced with evidence showing that the defendants had no interest in

00:03:36.880 the kidnapping plot, it refused to accept failure and continued to push its plan.

00:03:42.340 Now, what's interesting about this is the guy who was overseeing this particular operation

00:03:47.760 has been transferred.

00:03:49.720 He was transferred to Washington DC, given a promotion, and he's the guy overseeing the January

00:03:55.680 6th plot.

00:03:58.600 Okay.

00:03:59.160 So, the FBI is very, very, very busy because they know white supremacists.

00:04:05.940 That's what is coming for everybody.

00:04:08.620 Okay.

00:04:09.240 Be careful. 0.91

00:04:10.080 You may not be white enough. 0.99

00:04:11.620 Okay. 0.99

00:04:12.320 Because I hear it's an albino mob. 0.95

00:04:16.660 Okay.

00:04:17.740 And the first sign, that's why I'm wearing pink contacts right now.

00:04:21.080 First sign, you're not really an albino.

00:04:23.220 Oh, they burn a, it's not a, it's like a hexagon in your front yard.

00:04:31.680 Yeah.

00:04:32.380 Yeah.

00:04:33.160 Yeah.

00:04:33.680 They're, I don't know what the hexagon has to do, but it's not a cross.

00:04:37.880 It's another symbol for not being albino.

00:04:41.920 The hexagon. 0.99

00:04:43.740 Anyway, so the FBI is looking for these crazy white, white, white, white, white, really white, 0.99

00:04:51.480 almost pinkish white, extremists. 0.99

00:04:55.560 And that may be why they missed Frank R. James.

00:05:00.900 Now, Frank R. James, not an albino.

00:05:06.800 He's, quote, a troubled man who railed against Mayor Adams and made bizarre threatening rants

00:05:15.380 on YouTube.

00:05:16.920 Huh.

00:05:17.620 So, YouTube, he had a page on YouTube.

00:05:22.440 Where he was saying crazy things.

00:05:27.280 Like, did you, because this is, I heard this a lot from a lot of sources yesterday.

00:05:33.340 That he was making bizarre, angry, violent, racist.

00:05:38.460 Well.

00:05:39.740 Threats.

00:05:40.260 Yeah.

00:05:40.520 And, you know, before they released the picture, man, they seem to make that broad enough

00:05:44.960 to, it's almost as if they wanted you to think of a particular type of person, perhaps an

00:05:50.200 albino, who. 1.00

00:05:52.280 Damn albinos. 1.00

00:05:53.120 They're out of control. 1.00

00:05:55.080 My apology to the one or two albinos that are not violent extremists. 0.52

00:06:01.060 I'm sure they're out there somewhere.

00:06:03.020 The albinos are not setting their best. 1.00

00:06:04.320 No, they're not.

00:06:04.740 They're not setting their best across the border.

00:06:06.140 They're roving mobs.

00:06:08.440 But it was amazing that that was the way it was.

00:06:10.900 They didn't say it was anti-white racism, probably because they've spent the last 10 years telling

00:06:17.480 us it's not possible.

00:06:19.140 You can't.

00:06:19.760 Reverse racism isn't real.

00:06:21.520 It's not possible.

00:06:22.580 It can't occur.

00:06:23.340 So how would this guy have racist rants in the first place?

00:06:27.180 So he said things like, it's just a matter of time before these black MFers decide, hey, 1.00

00:06:34.740 listen, enough is enough. 0.99

00:06:35.940 And these white people need to go. 0.99

00:06:38.220 Oh, no, wait. 0.99

00:06:38.820 It's the exact opposite of that.

00:06:41.520 It's just a matter of time before those white MFers decide, hey, listen, enough is enough.

00:06:47.440 These N-words got to go on YouTube as of yesterday.

00:06:54.720 These white MFers, this is what they do. 0.99

00:06:58.580 Ultimately, at the end of the day, they kill and commit genocide against one another. 1.00

00:07:03.740 What do you think they're going to do to your black ass? 1.00

00:07:08.080 OK. 1.00

00:07:09.060 And what are you going to do?

00:07:10.320 You're going to fight.

00:07:11.460 And guess what? 0.94

00:07:12.120 You're going to die because unlike Zelensky in Ukraine, nobody has your back. 1.00

00:07:18.500 The whole world is against you and you're against effing yourself.

00:07:24.680 So why should you be alive again?

00:07:27.340 That's the question.

00:07:28.820 Why should an N-word be alive on this planet?

00:07:31.600 Beside to pick cotton or chop sugar cane or tobacco.

00:07:35.900 Now, this is allowed on YouTube.

00:07:39.600 But my some of my opinions on the lab leak for covid banned.

00:07:49.520 But this is allowed.

00:07:52.960 I just want to say that's interesting.

00:07:58.520 And we all agree.

00:08:00.920 I think we'd all agree. 1.00

00:08:01.800 This guy is crazy. 1.00

00:08:03.500 He's crazy. 1.00

00:08:04.360 But isn't that what the press and social media have been telling us that us crazy white conservatives are doing to the crazy people in our audience? 1.00

00:08:18.920 Winding them up. 0.99

00:08:21.360 It only takes one crazy person that happens to be listening.

00:08:25.040 Where did he get the idea? 0.90

00:08:28.160 The whole world is against you.

00:08:30.720 Why should you be alive?

00:08:33.220 Why should an N-word be alive on this planet beside to pick cotton or chop sugar cane or tobacco? 1.00

00:08:40.620 No one has your back.

00:08:44.020 Because that's almost the progressive bumper sticker.

00:08:49.980 It's just a message of despair.

00:08:53.420 Despair.

00:08:53.960 It's just telling a large portion of the country they will never be successful unless, of course, their white savior, Democratic politician steps in to bail them out of their terrible, terrible times with these evil conservatives.

00:09:07.960 Let me tell you this.

00:09:08.900 I cannot say this to you and make you this promise like I could have 10 years ago.

00:09:19.820 10 years ago, I would say to you, you can do anything.

00:09:25.080 Anything.

00:09:26.840 You can break all barriers.

00:09:30.000 This isn't the 1950s.

00:09:32.060 And I speak, I speak from experience as a guy who was the first to go to college and couldn't afford it in my 30s more than one semester.

00:09:45.680 There's nobody in my family that was college educated.

00:09:50.560 I made it.

00:09:52.640 I built it.

00:09:54.580 I went against the system.

00:09:56.700 The system, I came into talk radio making fun, correct me if I'm wrong, making fun of talk radio.

00:10:06.160 I went in to television making fun of television, breaking all of the rules, doing it my way, not the way everybody else.

00:10:19.020 Then, when they didn't accept, we built a network, the first network.

00:10:26.400 No one had ever done it.

00:10:28.440 HBO wasn't even on yet on the Internet with live streaming.

00:10:32.980 We were the first.

00:10:34.320 I'm sorry.

00:10:34.960 Major League Baseball was the first.

00:10:37.240 We were the second into the boat.

00:10:40.460 And look at it.

00:10:42.780 Now, I'm not the smartest guy in the world.

00:10:46.080 I mean, if you've listened, you know.

00:10:47.760 But what I have is a belief in myself.

00:10:52.720 I have a belief in common decency and common goodness.

00:10:57.780 I have a belief in the system that good guys don't always win.

00:11:05.780 Good guys sometimes lose.

00:11:08.580 But in the long run, that truth wins.

00:11:12.760 And nobody really cares about your problems.

00:11:17.720 You know why?

00:11:18.980 Because everyone has their problems.

00:11:22.220 And everybody has them of differing degrees.

00:11:25.180 But everybody thinks that their problem is the biggest problem.

00:11:28.720 You go into somebody's office and you're like, hey, I've got a real problem.

00:11:33.460 The boss is thinking, oh, really?

00:11:35.760 Really?

00:11:36.080 You know what I'm dealing with today?

00:11:37.980 You want problems?

00:11:39.100 Let me sit down in your office and tell you some problems.

00:11:42.560 Okay?

00:11:43.960 But they don't say that.

00:11:45.500 Because their job is to listen to you.

00:11:49.320 To help empower you.

00:11:53.860 Now, everybody's got a problem and they have to wear it on their sleeve.

00:11:59.220 Now, the system is so corrupt that unless you have money, unless you have the right point of view, unless you vote the right way, I don't know if you can make it.

00:12:12.980 But that's new for me.

00:12:19.980 I have always been a champion of the underdog in no other country than this one.

00:12:30.520 Now, I don't know.

00:12:32.780 But I will tell you, we're still out blazing trails.

00:12:38.120 We still are optimistic about our future.

00:12:42.240 Somewhat.

00:12:42.980 Let me make you this promise.

00:12:49.720 If you adhere to a universal moral code, if you adhere to do unto others, love thy neighbor.

00:13:02.700 If you can accept Glenn Beck's top ten rules for life, formerly called the Ten Commandments, you're going to be all right.

00:13:15.680 You'll make it.

00:13:18.020 You know why?

00:13:18.900 Because you'll be on the side of God, the universal truth maker.

00:13:25.920 And as long as you remain on his side, everything's going to work out.

00:13:33.220 It may not be your dreams.

00:13:34.760 I can't tell you.

00:13:36.380 This isn't exactly what I planned.

00:13:39.200 You know, when I started radio, this is not what I planned.

00:13:42.240 In fact, this is nothing like I planned.

00:13:45.600 However, it's good.

00:13:48.060 There are no mistakes and no waste in God's universe.

00:13:54.540 No waste.

00:13:55.080 It's amazing how much you can screw up your life.

00:13:58.060 And if you just put it on the right track and stay with Glenn Beck's ten really good safety tips, formerly known as the Ten Commandments.

00:14:08.040 It's amazing how all of that wasted time, all of that wasted energy, how all of those mistakes will be used, not by you, but by him somehow or another to put you right where you're supposed to be with all of the skills that you needed.

00:14:30.080 Don't listen to anybody who says you can't do it.

00:14:33.180 Don't listen to anybody who is saying the whole world's against you.

00:14:36.960 No, it's not.

00:14:38.620 No, it's not.

00:14:41.480 My goal is to be like, what was the priest's name that was down in the basement of the concentration camps, remember?

00:14:49.940 And they just, the guy was so positive all the time.

00:14:52.360 They're like, okay, we got to just starve him to death.

00:14:55.800 And they put him in a basement and he got all of the other prisoners to start singing hymns. 0.87

00:15:02.720 And now they really wanted to kill him because he was starving to death.

00:15:06.660 He went blind from starvation.

00:15:08.640 He was in so much pain and yet he was still singing.

00:15:11.240 He was happy.

00:15:13.700 I want to be that guy.

00:15:15.820 Minus the starving in the basement of the concentration camp.

00:15:18.200 But I want to be that guy.

00:15:21.180 He didn't think the world was against him.

00:15:23.360 And boy, he could have.

00:15:25.980 He knew what was true.

00:15:28.180 He knew the value of his own being.

00:15:31.680 And he knew who he answered to.

00:15:35.040 There's nothing more important than learning that.

00:15:38.080 I am surrounded by a new family of people who have their life back because of Relief Factor.

00:15:45.100 I'm one of them.

00:15:46.720 I was in pain and got to the point to where I just couldn't do it anymore.

00:15:52.480 Did anybody else feel like, you know, I just, I can't get up another day?

00:15:58.380 We have our life back because of Relief Factor.

00:16:01.580 It's not a television commercial.

00:16:04.260 It's a group of real people with real results that had real pain.

00:16:11.720 Try it yourself.

00:16:13.020 Relief Factor.

00:16:13.800 This guy, when he started, completely bald.

00:16:16.340 Look at him now.

00:16:18.260 Doesn't do anything for your hair.

00:16:20.820 But it will help you.

00:16:22.920 Get out of pain.

00:16:23.620 Give it a shot.

00:16:24.380 Try the three-week quick start.

00:16:26.300 Doesn't work?

00:16:27.100 Move on.

00:16:27.600 But we're here to tell you it works.

00:16:30.860 Relief Factor dot com.

00:16:36.780 This is the best of the Glenn Beck program.

00:16:38.920 And we really want to thank you for listening.

00:16:48.900 Carol Roth, the author of The War on Small Business.

00:16:52.880 She calls herself a recovering investment banker.

00:16:56.340 She is somebody who is trying to look out for the little guy and can explain what's happening

00:17:02.780 to the little guy in normal terms, which is my biggest frustration when you watch anybody

00:17:08.040 who knows anything about the economy.

00:17:09.960 Carol, welcome.

00:17:12.400 Thanks, Glenn.

00:17:13.040 I have some bad news.

00:17:14.200 I'm sort of processing this right now.

00:17:16.020 But I don't think we're going to save these 16 cents on our 4th of July barbecue this year.

00:17:21.300 Sort of becoming very clear to me.

00:17:23.800 And I'm just trying to process this.

00:17:25.280 Wow.

00:17:26.080 That's, believe me, I think that's going to be trending on Twitter on July 4th on how much

00:17:31.960 everybody is spending.

00:17:33.760 Let me start here.

00:17:36.060 8.5%.

00:17:37.620 Yes.

00:17:38.620 In 1980, the highest inflation rate was 14.6% and we had 20% mortgage rates.

00:17:52.120 2022, according to ShadowStats, which is calculating the way we calculated inflation in 1980, our inflation

00:18:01.000 rate is 17.1%.

00:18:04.300 And our mortgage, I mean, our lending rates are now 0.5% to the banks.

00:18:14.320 That seems a little crazy.

00:18:16.700 Yeah, it seems like a little bit of a mismatch of policy.

00:18:20.780 Obviously, a lot to unpack there.

00:18:23.000 But, you know, this is why people are so angry with the Federal Reserve.

00:18:27.120 They have been on the forefront of causing this issue by artificially suppressing interest

00:18:34.260 rates and printing trillions of dollars that have, in part, caused this inflation.

00:18:40.540 And then, you know, they were buying securities, putting them on their balance sheet, part of

00:18:44.980 what suppresses interest rates, up until last month.

00:18:48.100 Then, all of a sudden, they got the wake-up call going, oh, boy, you know, inflation's pretty

00:18:52.440 high, even though it's been trending at, you know, incredible levels for well over a year.

00:18:58.400 And, you know, now all of a sudden, oh, we have to do something and they're still not doing

00:19:02.860 it fast enough.

00:19:03.860 But the rub on all of this is it's very hard for them to do anything without putting us

00:19:08.860 into a recession.

00:19:09.640 So they are caught between a rock and a hard place.

00:19:12.400 Yeah, kind of, oh, gee, I remember saying this, kind of at a place where there are no good

00:19:17.080 options and they're out of bullets.

00:19:18.820 Um, all right, so let's go back to the stats of 8.5%.

00:19:24.120 This is so misleading because they'll say it's the highest in 40 years, meaning it was

00:19:30.320 worse under Jimmy Carter.

00:19:31.660 But I contend it's not worse.

00:19:34.420 I mean, it's not, it was not worse in the 1970s and 80s.

00:19:39.020 It's worse now by far because we're at the beginning of this.

00:19:43.040 Can you explain shadow stats and what you understand?

00:19:46.600 Is this credible to be able to say, let me look and calculate it the way we used to?

00:19:53.080 Sure.

00:19:53.660 So I, to be fair, I've looked at shadow stats.

00:19:57.300 I have not been able to go through, um, it would take, you know, lots of, of modeling

00:20:01.540 power, um, to be able to go back and replicate it.

00:20:04.620 But basically what they've done is they said, you know, there have been a lot of shifts here,

00:20:09.020 both in the eighties and the nineties in terms of the way that the government calculates

00:20:13.640 inflation, and this should be of no surprise to anyone.

00:20:16.860 They want to keep the headline inflation number down.

00:20:20.200 Also, also though, isn't social security based increases based on CPI?

00:20:26.640 You want to just read my, this is exactly where I was going with it.

00:20:30.080 So they have a couple of, no, this is good.

00:20:32.020 We're always simpatico on these things.

00:20:33.580 So the reason why they want to keep the headline number down is because it allows them to print

00:20:38.680 more money.

00:20:39.260 It keeps you from panicking.

00:20:40.340 But like you said, there are a lot of things that, um, you know, the numbers for inflation

00:20:45.560 feed into like, like you said, social security and other programs that have cost of living

00:20:51.520 adjustments.

00:20:52.000 So this is another way for the government to continue to cheat.

00:20:56.000 So what shadow stats has done is they said, well, let's go back to, you know, the best approximation

00:21:00.660 we can make of what happened before the nineties changes before the eighties changes and let's

00:21:05.580 calculate it.

00:21:06.860 And if they looked at the rate, it's about double of what is being reported.

00:21:11.140 And you can just look at some of the key categories, things like rent and hotels and whatnot on

00:21:17.040 what they are reporting and go, yeah, you know, that makes sense.

00:21:21.020 You and I can go to the grocery store.

00:21:22.860 We can, you know, try to shelter and feed our families and go get gas.

00:21:26.680 You understand that it's not just 8.5% inflation.

00:21:30.500 So this is trying to give you that apples to apples comparison.

00:21:33.920 And, you know, by my estimation, it seems like it's in the ballpark.

00:21:38.400 Yeah.

00:21:38.640 Which is 17.1 inflation rate this month in 1980.

00:21:45.060 It was 14.6.

00:21:47.300 That was the top of it.

00:21:49.160 We're not at, are we at the top of this?

00:21:51.660 Well, that's a great question.

00:21:53.600 Um, today we got a number there, there are different measures of inflation.

00:21:57.660 The CPI is sort of a consumer survey, one that's used.

00:22:02.380 Um, today we got something called the producer price index, which is a measure of wholesale

00:22:07.720 inflation.

00:22:08.880 Okay.

00:22:09.000 Is this, is this the, this shows us what may be coming our way because these are the raw

00:22:15.280 materials that it takes to make things that we eventually buy?

00:22:19.220 Yes, this is the inflation and the inputs to the goods and services.

00:22:24.720 And it is a lagging indicator because you obviously have to have that inflation number, know what

00:22:30.300 that is, but they haven't gone into that finished price that has gone to the consumer that what

00:22:35.340 the consumer is paying at.

00:22:37.240 So this ends up meaning that what we're seeing today is going to impact what we're seeing

00:22:42.280 going forward.

00:22:43.020 Now, obviously the gas prices are moving around.

00:22:46.760 Um, so it's going to be different headline versus looking at what's called core inflation,

00:22:51.180 which strips out food and energy prices.

00:22:53.600 Um, but given the fact that at the producer level today, we got a number that is the highest

00:22:59.800 level on record, Glenn, the highest level, 11.2% at the wholesale level, that's 11.2% increase,

00:23:09.620 which again is probably understated that is going to flow through goods and services that

00:23:14.600 we're going to see in the coming months.

00:23:16.340 That's the current way.

00:23:17.420 Did they ever calculate, they changed this calculation ever?

00:23:20.060 Of course, of course they changed the whole name.

00:23:21.980 They changed the whole name of the index, right?

00:23:24.100 You know, they said, well, we're not going to do it this way anymore.

00:23:26.460 We're going to, we're going to have a different way to do, we're going to have a new name.

00:23:28.620 We're going to brand it.

00:23:29.420 It's going to be great.

00:23:30.400 But this is the, but this is the, this is the highest number, even with all of the changes,

00:23:37.000 this is the highest number ever recorded.

00:23:40.360 So based on this current index, this is the highest number ever recorded.

00:23:46.000 Holy cow. 0.89

00:23:47.500 Yeah.

00:23:47.720 I mean, it was staggering 11.2%.

00:23:50.880 Okay.

00:23:51.140 So why is this a, I would think this is a leading indicator because if the prices to produce things

00:23:58.500 are more expensive today at 11% more expensive, that means that it's showing me that when

00:24:06.340 it finally gets a finished product and it's at, you're going to be paying at least 11%

00:24:12.180 more, right?

00:24:13.320 Yeah.

00:24:13.540 We're, we're, we're saying sort of the same thing in a different way.

00:24:16.300 What I'm saying is that it lags, uh, what, what shows up in the CPI inflation number.

00:24:21.320 So you, you, you have not seen it yet because it hasn't hit it yet.

00:24:24.660 So we're both saying the same thing and just that with just slightly different, uh, words

00:24:28.440 here.

00:24:29.020 So, uh, what, what, what, uh, what, what, what, what, what, what can be done here?

00:24:36.160 Um, you know, it's a really good question.

00:24:39.660 Obviously a lot of people are looking to the federal reserve to get us, you know, out of

00:24:44.840 the, uh, out of this with monetary policy.

00:24:48.120 Um, the, the challenge is I don't think they can do that without causing a recession and

00:24:53.820 major carnage in the economy, because at this point, all the things that have led into this,

00:24:59.520 um, you know, the monetary policy, the fiscal policy, the disruption, uh, in the supply chain,

00:25:05.620 it's created this systemic supply imbalances.

00:25:09.960 Monetary policy can quell our demand.

00:25:12.020 It can make us go, Oh, we're not going to get a mortgage because, you know, it's that

00:25:15.260 6% or, you know, we're not going to spend as much at the store.

00:25:18.760 But, you know, how does it fix the fact that we have 1.8 jobs available for every worker?

00:25:24.980 You know, how does it fix the fact that we have four to 5 million homes, um, you know,

00:25:29.800 that are underbuilt at this point in time?

00:25:32.160 You know, how does it fix the fact that we've underinvested in energy and, and, and healthcare

00:25:38.180 infrastructure?

00:25:38.880 So it's, uh, you know, the, the, the things that they would have to do to, to make those

00:25:43.660 changes, there's a huge disconnect.

00:25:46.440 And as I said, I think it would be really ugly for the economy.

00:25:49.620 So, um, you know, this, this could, it will probably at some point come down on a headline

00:25:55.820 basis, but that is the growth rate.

00:25:58.460 It doesn't mean that we're not going to have elevated inflation and continued pain for a

00:26:03.960 very long time.

00:26:05.000 So, uh, when we, when we look at things like what's happening over in Shanghai, where they've

00:26:10.620 shut everything down and I, where's that story?

00:26:13.940 There's a China has stranded 30 million truckers, 30 million truckers in China are now stuck at

00:26:23.220 home.

00:26:24.120 What is this going to mean?

00:26:26.180 This impact, we felt it last time that China shut down, but we shut down as well.

00:26:32.840 This time we're not shutting down.

00:26:35.500 What is that impact going to mean to us?

00:26:38.620 Yeah, well, obviously it's not a good thing, um, for supply chains for the companies that

00:26:44.060 are still depending on China.

00:26:46.280 Um, I think internally to China, it's a huge issue because they are a net importer of not

00:26:53.240 only energy, but food.

00:26:55.100 Um, and so, you know, what does that mean in terms of the potential for some of those people

00:27:00.240 to have, you know, pretty substantial food insecurity or starvation if they don't get

00:27:05.940 things going again?

00:27:07.060 Um, and certainly as we know that the reverberations about, you know, all these decisions around the

00:27:12.720 world, um, could lead to other, other issues, social unrest and whatnot.

00:27:17.400 Um, which, you know, we are all connected.

00:27:20.780 And so that even though we'll be in a better position, it doesn't mean it won't have real

00:27:26.260 impacts.

00:27:26.860 And as we know, anytime something has an impact here in America, who feels it?

00:27:30.700 Is it the elite?

00:27:31.660 Is it the wealthy?

00:27:32.660 Is it the well connected?

00:27:33.960 Of course not.

00:27:34.800 They're going to find a way to insulate themselves.

00:27:37.100 It's going to be the average American.

00:27:39.140 It's going to be the main street business.

00:27:41.220 It's going to be the backbone of this country and this economy that bears the brunt of it.

00:27:45.860 So there was another story that I read today, global renewable power prices soar on heavy

00:27:52.760 demand, that contract prices for renewables in North America have gone up 28.5% and 27.5%

00:28:05.740 in Europe.

00:28:07.060 That's just in the last 12 months.

00:28:11.220 Gee, why would that be Carol?

00:28:13.680 Well, this is what's called supply and demand, Glenn.

00:28:20.280 We have underinvested in all different kinds of commodities.

00:28:24.980 It's not just energy, but it's all different kinds of commodity components, things that are

00:28:30.000 required for decarbonization.

00:28:32.840 And this huge push has led to increased demand.

00:28:37.340 And when you don't have enough supply to meet that demand, what happens?

00:28:41.720 But the prices go up.

00:28:42.860 If you think about something like copper, it's one of the biggest inputs into energy.

00:28:49.780 And so if you're going to have something that is electricity-based, you're going to need

00:28:54.040 a lot of copper.

00:28:55.360 There are a whole slew of other materials from aluminum to lithium and whatnot that are used

00:29:02.360 in these sort of green-friendly products.

00:29:05.600 And again, we have not seen enough investment in order to fulfill these crazy wishes that

00:29:14.520 the folks who are pushing decarbonization want to fulfill.

00:29:18.400 By the way, you can ask Carol for answers on anything.

00:29:24.320 I said yesterday that I've always felt like I was here to warn what's coming over the horizon.

00:29:34.780 But I also think that it is to empower you.

00:29:38.880 And information is empowering and to encourage you.

00:29:44.380 And that means to just keep doing the things that you know are right, do the next right thing,

00:29:49.980 but also to give you some answers on some things.

00:29:53.140 And so we've put up at glennbeck.com slash questions.

00:29:58.720 I think that's it, isn't it?

00:30:00.780 Is it what?

00:30:02.220 Contact.

00:30:02.880 Okay, sorry.

00:30:03.760 glennbeck.com slash contact.

00:30:05.640 You go there and you can ask Carol a question.

00:30:10.240 And if she can, she'll answer it.

00:30:12.040 Can I, do we have time for one question?

00:30:14.300 Concerning the economy for Carol Roth, we don't feel like we can trust our money to be in big banks,

00:30:20.500 but we also know the dollar stands to lose most of its value.

00:30:23.960 So keeping it in cash is also useless.

00:30:27.280 What is the best course for us to invest and convert our money to

00:30:30.520 so we'll have something if things change to digital?

00:30:33.780 Okay, so this is the normal caveat.

00:30:36.800 This is not financial advice in the legal aspect of it.

00:30:41.920 This is just for your own information and additional research.

00:30:45.220 Okay, so the first thing I want to make sure is that you take care of your near term and emergency

00:30:50.860 expenses because we do see prices going up.

00:30:53.980 If something goes sideways, you do want to make sure that you have enough cash on hand to be able to

00:30:59.240 handle that.

00:31:00.140 But outside of that, you don't want your cash sitting in the bank because it's going to lose

00:31:05.220 value.

00:31:05.860 You have to be looking at hard assets.

00:31:08.720 Some of the things to consider is housing.

00:31:11.640 Now, obviously, as we know, the Fed is increasing those mortgage rates.

00:31:15.960 So that is going to have some impact on housing probably in the near term.

00:31:20.760 But in the long term, we are underbuilt four to five plus million homes, depending on who

00:31:26.580 you ask from the last decade.

00:31:28.340 Plus, given the prices and what's happened over the last couple of years, we haven't seen

00:31:33.460 that same bump in building.

00:31:35.240 So I think that that imbalance is something you want to be thinking about.

00:31:39.460 Also, having some exposure to tangible commodities, to gold, to silver, to investments in other

00:31:48.200 commodities.

00:31:49.320 Again, we've seen some run up in those.

00:31:52.240 But if you're thinking as a long term hedge against inflation, it's something for you to

00:31:57.360 consider.

00:31:58.180 Please don't.

00:31:58.740 This is just my opinion.

00:32:00.220 Please stay away from paper stuff.

00:32:02.440 Correct.

00:32:02.740 This is physical you, especially on the on the gold and silver metal standpoint, you

00:32:07.500 want to actually have the physical gold.

00:32:11.400 Yes, exactly.

00:32:12.360 And silver.

00:32:12.960 And then on the stock side, obviously, you know, with the Federal Reserve raising rates,

00:32:18.340 there's going to be some choppiness.

00:32:19.840 There's going to be some volatility in the market.

00:32:22.460 If you are not sophisticated, the S&P 500 still gives you that broad diversification.

00:32:28.180 If you are looking to pick stocks, you're going to look for ones with inelastic demand.

00:32:35.080 That means that they are able to raise their prices to customers and customers will continue

00:32:40.280 to pay that.

00:32:41.500 You're going to want to look for ones with strong balance sheets that can weather whatever

00:32:45.860 is ahead and probably ones with extra cash to do some share buybacks because that is going

00:32:50.800 to help with the earnings per share.

00:32:53.460 30 seconds.

00:32:54.140 Give me the last one.

00:32:55.140 So, yes.

00:32:56.340 So in terms of you're looking at the central bank digital currency, that's going to come

00:33:01.040 down potentially to bartering.

00:33:02.620 And if things go sideways, think about things that are going to be a valuable barter commodity

00:33:06.940 as well.

00:33:08.380 If that happens, just hold on.

00:33:11.380 Just brace for impact.

00:33:13.400 If that happens, we have a whole bunch of problems.

00:33:15.840 Carol, thank you so much.

00:33:17.460 God bless.

00:33:18.100 Thanks for having me.

00:33:18.860 It is glennbeck.com slash contact.

00:33:23.720 We'll have Carol back to answer some more of those questions.

00:33:30.700 The best of the Glenn Beck program.

00:33:43.460 Let me play some audio here.

00:33:45.440 This is from Shanghai.

00:33:59.180 This is looking over like Shanghai's like almost like Central Park.

00:34:05.740 It is just high rise condos and apartments all the way around.

00:34:12.320 It's at night and you're hearing people scream.

00:34:16.420 Matt Kibbe is here to talk about the story.

00:34:18.680 Hi, Matt.

00:34:19.360 Hey, how are you?

00:34:20.080 I'm very good.

00:34:21.180 What are they saying?

00:34:22.760 They are basically saying they're locked into their apartments.

00:34:26.220 They're not allowed to leave.

00:34:27.540 They have no food and they're saying, I would rather die than continue this anymore.

00:34:32.340 And various versions of that, the Chinese government is actually flying drones, telling them to suppress their soul's urge to be free and fall in line.

00:34:45.400 It is right out of Hunger Games or think about the worst dystopian novel.

00:34:51.180 Right.

00:34:51.380 You look at that and it's like a movie and you're just expecting like some superhero to fly in or something.

00:34:59.660 This is a dystopian movie we've all seen.

00:35:03.420 That footage is terrifying.

00:35:05.260 Yeah.

00:35:05.460 And by the way, this is not some corner of China.

00:35:09.000 This is the financial center of their universe.

00:35:12.540 And it is it's sort of the logical conclusion of of this this idea that government can keep us safe from a virus.

00:35:21.400 They have this defined philosophy of called zero covid, which means that we, the government, are going to use all of our powers to stop a virus.

00:35:31.960 It's something that's never been tried before.

00:35:33.640 And China has been celebrated from day one, starting with The New York Times and everybody else.

00:35:38.680 The Chinese model is the model and they're willing to do anything to prove that their model works. 1.00

00:35:45.060 They're going to kill as many people as they need to to keep people safe. 0.94

00:35:49.400 How are they feeding these people? 0.76

00:35:51.460 They're not.

00:35:52.460 And and this is like sort of an arrogance of of central planning, technocratic authoritarianism.

00:35:59.520 The distribution of food has been taken over essentially by the government and it doesn't work.

00:36:05.580 The food is rotting outside of the corners of the city.

00:36:09.340 People are not allowed to leave their houses.

00:36:11.700 They've shut down the entire informal economy that has always been how people get fed.

00:36:19.300 So this is why they're screaming.

00:36:21.040 They're starving to death.

00:36:23.720 And like you said, this is not some nowhere village.

00:36:28.860 This is I mean, that looks like Central Park.

00:36:31.680 Yeah.

00:36:31.900 I mean, this is the elite of the elite in the elite city.

00:36:36.380 Yeah.

00:36:36.720 I mean, I think that's that's why it's so shocking.

00:36:39.340 And there's so many videos now they've actually gotten through all of our tech sensors so that

00:36:44.820 people are seeing this and and for better or worse, you know, a lot of people started

00:36:49.540 paying attention when they saw videos of the same lockdown police beating the pets of the

00:36:57.140 people screaming to death because animals are a potential vector for covid and and people

00:37:04.040 you know, they can't see people starving in their apartments.

00:37:06.580 They can hear them, but they can see the brutality with which they're murdering pets in the street.

00:37:12.460 So people are starting to pay attention.

00:37:14.380 And and I'm hoping that finally, after two years of warning that lockdowns, you know, they

00:37:21.220 disrupt supply chains.

00:37:22.540 We potentially put people at risk of everything, including starving.

00:37:27.080 If there's no food, if there's no food production, if there's no food distribution, eventually we're

00:37:33.200 going to be in this same situation.

00:37:35.800 And I want people to understand that, especially since.

00:37:39.860 The reason why these people are not out in the streets is because there is such a tight

00:37:45.960 control on individuals.

00:37:48.280 They they track everyone, everyone.

00:37:51.540 Yeah.

00:37:51.640 And and if you're out without your phone, there's a drone that comes up to you and says, go back

00:37:58.380 home and get your your drone or they pick you up and throw you away.

00:38:03.220 If you've ever watched the horrible series called Black Mirror, this is an episode out of there

00:38:07.960 because the Chinese government has the social credit system where they and they know your

00:38:14.520 identity.

00:38:14.980 Um, you have a digital footprint.

00:38:17.880 They control your bank account.

00:38:20.060 They control every aspect of your life.

00:38:22.120 So the the risk of leaving your home is that you will be destroyed forever.

00:38:26.820 You might actually be killed, but more importantly, there's no recovering from getting on the bad

00:38:33.640 list in China.

00:38:35.260 Bad citizen means that not only you, but your family will pay the ultimate price.

00:38:41.400 And disloyalty is the one thing that's not accepted.

00:38:44.980 How far away are we?

00:38:47.000 Because I remember seeing this.

00:38:48.420 What was this, Stu, two years ago when they were doing this?

00:38:50.900 I remember they were welding people into their homes and we said, that'll never happen. 0.57

00:38:56.400 And then the drones, that'll never happen.

00:38:58.660 And then, you know, it happened, started happening even in Italy.

00:39:00.680 And I still thought, no, they're not going to do that here.

00:39:03.120 And then it was here.

00:39:04.320 Well, I mean, I guess not necessarily the welding and the drones, but a version of that for

00:39:08.680 sure.

00:39:09.740 The version, I remember, I think it was Connecticut.

00:39:12.440 Uh, the police were going door to door.

00:39:15.440 It was a Rhode Island, Rhode Island.

00:39:17.080 Yeah.

00:39:17.700 Um, and, and, and we, we did a, I should say we did a deep dive on this, uh, yesterday and,

00:39:23.440 and the show that you and I did for Kibbe on Liberty will, will air next Wednesday.

00:39:28.720 And the deep dive here is that this, the Chinese model, um, which is directly related to the

00:39:36.960 Great Reset and the idea that authoritarians are going to replace, um, personal choice.

00:39:46.280 Um, the logic of this was always about the Chinese model.

00:39:49.500 And so you see, like, I'm shocked where we've all been shocked to see just how far Canada

00:39:54.500 will go in terms of debanking the truckers and everything else.

00:39:58.820 So how far are we?

00:40:00.200 It depends exactly on how much the American people are willing to put up with, because

00:40:05.040 I think that our government is not immune from this gross, obscene, abuse of power.

00:40:12.500 No way.

00:40:13.840 Um, they'll do it in a heartbeat.

00:40:15.440 It just depends if they'll let us, the emergency, whatever the emergency is, if it's big enough,

00:40:20.520 they will absolutely go to this.

00:40:22.600 And then there's no, then you're like China. 0.94

00:40:24.800 They can do whatever you want.

00:40:25.860 Yeah.

00:40:26.520 Whatever they want to do to you, they will.

00:40:28.300 And this was, this was our frustration early on when we were complaining about lockdowns.

00:40:32.580 You know, I'm an economist.

00:40:33.300 So I was, I was geeking out like a Carol Roth on, on supply chains and that kind of thing.

00:40:39.240 Um, and then we talked about vaccine mandates and Vax ports as the infrastructure for a social

00:40:46.340 credit system and, and being forced to take a vaccine that you may or may not want to do.

00:40:52.600 These are all components of the Chinese model and, and everybody viewed them as very benign 1.00

00:40:59.860 public health measures, but they're quite the opposite.

00:41:02.720 This is about power.

00:41:04.180 It's not about health.

00:41:05.000 So, you know, there's a lot of libertarians that, um, will, and, and quite frankly, a lot

00:41:11.720 of conservative Republicans too, that will sit back and look at the great reset and say,

00:41:17.160 this is just business.

00:41:18.700 That's a private business.

00:41:20.160 They can do whatever they want.

00:41:21.820 How do you answer that?

00:41:23.820 Um, it's not a private business in any realistic sense.

00:41:28.040 And I call it political capture.

00:41:30.000 A lot of these tech companies that are controlling the narrative that we've all talked about so much

00:41:34.600 um, they're taking a lot of money from the government in terms of ad revenue.

00:41:38.860 Um, they're essentially accepting a deal that they can't refuse when even the president's

00:41:45.620 press secretary says, you better do something about these dissident voices.

00:41:50.800 Um, but it's going back to the Chinese model. 0.74

00:41:54.620 Um, it's a cozy relationship.

00:41:56.580 Sure.

00:41:56.980 The social credit system in China is executed by nominally private interest, banking tech.

00:42:03.760 It's, it's not a government program in that sense.

00:42:06.800 So you have this, this collusion between big business and big government that is happening

00:42:12.420 in the same way in this country.

00:42:15.120 And are those corporations captured?

00:42:16.980 Are they just pursuing, uh, higher profits through their relationships with government?

00:42:22.480 Um, whatever it is, it's not private.

00:42:24.920 It, it's something else.

00:42:26.460 And there's, it's fascism and, uh, and it's strange because the corporations that are afraid

00:42:33.400 of it and are just falling into line because they see the writing on the wall, they are

00:42:38.460 already in their, you know, their corporate condo around central park, ready to get out on

00:42:46.540 and start screaming.

00:42:47.540 I'd rather, I'd rather die than this.

00:42:50.560 Uh, but they won't.

00:42:52.740 And now is the time to scream that because it's not completely finished yet.

00:42:58.340 Once it's finished, not only will some of those corporations regret this, uh, but so will

00:43:05.040 the average person.

00:43:05.920 And then you just have to decide.

00:43:07.640 I mean, people say, how do I prepare?

00:43:09.900 What do I do?

00:43:10.520 I keep saying lately, you just have to decide.

00:43:14.460 Will you comply no matter what they say?

00:43:19.380 And you have to think, you know, well, I, yeah, I'd take the vaccine.

00:43:22.360 Okay.

00:43:22.720 All right, great.

00:43:23.460 Will you wear the mask whenever?

00:43:26.180 And for however long they tell you to do it, will you not stand up in your PTA meeting

00:43:32.420 when they're talking to your kindergartners about transsexual and telling your kindergartner

00:43:37.900 that they may not be a boy or a girl?

00:43:41.040 Will you comply?

00:43:43.160 Because it's only going to get worse.

00:43:45.640 And if you can say, yeah, I'd, I'd rather, I'd, you know, I'd rather just comply than have

00:43:52.000 any trouble.

00:43:52.640 You'll be fine.

00:43:53.660 But if you disagree with anyone on anything, unless you're 100% compliant on whatever else

00:44:00.760 they can think of, you're doomed, right?

00:44:04.960 Right.

00:44:05.380 The only answer is peaceful civil disobedience.

00:44:09.320 There's a lot more of us than there are of them, but somebody needs to stick their neck

00:44:14.920 out first.

00:44:15.660 It's, it's sort of an act of, uh, entrepreneurship in a sense.

00:44:19.360 Um, some crazy guy is going to say, you know what?

00:44:22.080 I'm not going to do that anymore.

00:44:23.660 I'm not going to comply.

00:44:25.260 And there's safety in numbers and other people follow.

00:44:28.080 And pretty soon you have a convoy of Canadian truckers shutting down the capital of Canada.

00:44:34.100 And that's how it happens.

00:44:35.480 And we watched in real time what the government did to those people, but they also changed

00:44:42.480 the narrative.

00:44:43.380 I think the only reason that we're not doing, um, employer vaccine mandates in this country

00:44:48.280 is a Canadian truckers.

00:44:50.100 It makes me very sad that it wasn't American Americans that did.

00:44:55.060 It makes me actually proud and makes us feel not so alone that it was Canadians that did

00:44:59.860 it.

00:45:00.040 Yeah.

00:45:00.540 And that was a high profile example though, but isn't, wasn't it sort of eroded this

00:45:05.700 entire time?

00:45:06.540 Like these mask mandates were in effect in Texas for a long time.

00:45:12.800 And there were periods where I think people sort of paid attention to them, but it went

00:45:16.880 away pretty fast.

00:45:17.920 I mean, I, it seemed like there was a, a large scale, but very like low simmer of people just

00:45:25.840 constantly blowing these things off and moving on with their lives.

00:45:28.700 And then all of a sudden it was just over.

00:45:30.280 In some States.

00:45:30.940 In some States.

00:45:31.460 See, this is why I need to move to Texas because we have a completely different view

00:45:36.420 of what COVID was.

00:45:38.040 You, you live in Washington.

00:45:39.960 You still live in Washington, DC.

00:45:41.640 That's insanity.

00:45:42.560 What happened up there.

00:45:43.660 Yeah.

00:45:44.040 It's crazy.

00:45:44.960 I spent all my time driving to Virginia to go to the gym, to go to restaurants, to go

00:45:48.980 to the grocery store simply because I want this sort of civil, civil disobedience to happen.

00:45:55.480 We, we actually did a documentary about a restaurant bar owner in DC.

00:45:59.940 Yeah.

00:46:00.340 Yeah.

00:46:00.560 He runs a big board.

00:46:01.500 I think he's beat on your show.

00:46:02.460 Actually, uh, he finally got his license back.

00:46:06.460 Um, but he made it safe for other restaurants.

00:46:10.020 And by the way, the mayor lifted those just days after she shut him down.

00:46:15.220 So I, again, someone needs to be brave and it, it might feel irrational to put your life

00:46:20.860 and your business on the line, but somebody has got to step up and, and, you know, it's

00:46:26.280 the culture here in Texas is quite different.

00:46:27.980 I think people are generally more inclined to resist irrational authority.

00:46:32.360 Um, in DC, we love it.

00:46:34.760 Like we're swimming in a cesspool of, of violence.

00:46:39.180 You are in the cult of, of, uh, of, uh, wokeness there.

00:46:45.120 Yep.

00:46:45.540 Um, Matt, thank you so much.

00:46:47.380 Good to see you.

00:46:48.460 Good to see you.

00:46:48.940 Um, you can, uh, hear the podcast we did yesterday.

00:46:51.980 He interviewed me on the great reset, uh, and it was a really good, fascinating conversation.

00:46:57.560 You can hear that Kibby, uh, Kibby on Liberty, uh, that is on blaze TV and you can get it

00:47:03.660 next Wednesday, next Wednesday, next Wednesday.

00:47:05.900 If you're not a subscriber, blaze TV, what are you thinking?

00:47:08.440 There's too much good stuff that you're missing.

00:47:10.580 You can become a subscriber at, uh, blaze tv.com slash Glenn, use the promo code Glenn and

00:47:17.820 save.

00:47:19.020 We're not turning on January, huh?

00:47:20.460 Nah, nah, nah, nah, nah.

00:47:22.220 Yeah.

00:47:22.420 That was a呟 of the best.

00:47:24.400 Yeah.

00:47:24.980 Happy New Year.

00:47:25.560 Aw.

00:47:26.020 Elite and alキャラ if you're normal who you're not were.

00:47:26.760 Oh.

00:47:27.140 Yeah.

00:47:27.900 Okay.

00:47:28.820 Hey.

00:47:29.500 Yeah.

00:47:29.600 Okay.

00:47:30.300 Hey.

00:47:30.740 That's the best about why you wanted to destroy.

The Glenn Beck Program - April 13, 2022

Best of the Program ｜ Guests： Matt Kibbe & Carol Roth ｜ 4⧸13⧸22

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