The Glenn Beck Program - Best of the Program ｜ Guests： Max Lucado, Bill O'Reilly & Harry Dent ｜ 9⧸24⧸19

00:00:00.000 Hey, podcasters, we've got a great show, what Biden did versus what Trump did, and the biggest heist that has has ever happened in the history of humanity, I believe.

00:00:14.220 We're going to talk about that. Also, Bill Weld says Trump should be executed, which is an interesting theory.

00:00:20.760 Max Lucado is here on what happiness really means. Bill O'Reilly stops by. Today's book, The United States of Trump, comes out.

00:00:28.140 We have a great conversation with him. Also, Harry Dent, kind of scary.

00:00:34.060 Let's just leave it at this. Run for your life. The economy is collapsing. We'll talk to him about that.

00:00:43.600 Swearing off evil, Ricky Gervais, and remember who you are. Great show, all on today's podcast.

00:00:58.140 You're listening to the best of the Glenn Beck program.

00:01:03.500 OK, so two weeks ago, the left called for the impeachment of Brett Kavanaugh, despite the fact that there was zero, zero evidence and zero corroboration of what they accused.

00:01:19.100 And then they just moved on from that because they found another accusation that they could impeach somebody on that has zero corroboration, has has no basis in fact that we know of today.

00:01:29.840 Look. The Democrats are have gone, I think, gone insane and the Republicans aren't aren't great, but they're at least not insane.

00:01:43.660 They've gone nuts and the media is helping them. 0.90

00:01:47.580 There is a constant assault on our Constitution, a constant assault on rule of law and liberty, and it is subsidized by many corporations in the United States.

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00:03:36.520 Hello, America, and welcome to the program. I I want to talk to you about the lesson I learned with Bill Clinton and Monica Lewinsky.

00:03:49.760 The argument was at the very beginning, he did it. No, he didn't. Yes, he did. No, he didn't. Yes, he did. No, he didn't.

00:03:54.800 And then it changed once we found out that he did do it. Doesn't matter. Yes, it does. No, it doesn't. Yes, it does. No, it doesn't.

00:04:04.620 This happens all the time.

00:04:06.600 And it's why these news stories are are just drug out for, you know, weeks and weeks and weeks and months and months and months, because you get so tired of it and you get so used to the idea that, yeah, maybe he did it, that it doesn't matter anymore.

00:04:24.820 Now, I think these things do matter.

00:04:31.080 But you have to decide whether or not they matter.

00:04:34.580 And on this particular issue with President Trump and Vice President Joe Biden.

00:04:40.960 You have to decide, does it matter?

00:04:43.740 Because they both did the same thing.

00:04:47.380 Now, let me make this case.

00:04:52.100 What did Joe Biden do?

00:04:55.540 What the press is saying that he did.

00:04:58.640 Now, they're not getting into any of his stuff with his son, which to me is the real problem.

00:05:03.560 But what they're saying that Joe Biden did was he went over to the Ukraine.

00:05:09.560 He and the president feared corruption.

00:05:11.940 And so he withheld money.

00:05:16.860 And he said, unless you do this.

00:05:21.380 You're not getting any of our money because we think there's corruption here.

00:05:27.260 And so you have to fire the special prosecutor.

00:05:32.760 That's what he did.

00:05:34.220 And the press says there's no problem with that.

00:05:37.080 And the reason why the press says there's no problem is because we feared corruption.

00:05:43.640 And should we be giving our money to a corrupt government?

00:05:49.580 Now, here's what Donald Trump did, according to the press.

00:05:56.000 And that's not exactly fair to Donald Trump because they're not saying really much of this.

00:06:01.760 But let me give you a fair account of what Donald Trump, if I'm going to take Joe Biden at his word, because that's what Joe Biden said.

00:06:09.700 I got to take Donald Trump at his word at this point.

00:06:12.240 And this is what he said.

00:06:14.100 He said there's a new president.

00:06:16.740 He doesn't know if he is pro Putin or pro Ukraine, you know, pro West.

00:06:22.180 They fear corruption.

00:06:25.840 And so he holds money back.

00:06:28.980 And says, I want you to investigate this because we fear that there was American corruption going on.

00:06:36.200 And this guy was fired because America was corrupt and in bed with your last president.

00:06:45.960 We need to know if that's true.

00:06:49.820 So what is the difference there?

00:06:52.180 They're both fearing corruption.

00:06:57.040 They both take it on the administration.

00:07:00.560 Both times takes it on themselves.

00:07:02.880 The difference is, is that one person is running for president and is the candidate against the administration.

00:07:17.040 Okay.

00:07:17.640 So now you have that.

00:07:20.340 So what you're accusing then Donald Trump of doing is going to a foreign power and saying,

00:07:33.100 can you dig up dirt on my opponent?

00:07:36.960 And that's an impeachable offense.

00:07:39.760 That's the worst thing that's been done.

00:07:41.820 But isn't that exactly like what Hillary Clinton did with fusion GPS just through a mediary? 0.88

00:07:51.600 They went to fusion GPS and said, dig up dirt.

00:07:56.040 And fusion GPS went to a foreign spy who went to the Russians and dug up dirt on Donald Trump.

00:08:03.780 So isn't that the same exact thing, except you're washing your hands because you're washing your hands because you're going through fusion GPS.

00:08:14.760 Well, I didn't know.

00:08:15.920 Of course you did.

00:08:16.940 Of course you knew.

00:08:18.760 And they took that a step further.

00:08:21.520 They then took that dossier, which was all unproven allegations, and then back channeled it to the Justice Department.

00:08:31.200 And the Justice Department started an investigation, which we now know had no basis.

00:08:38.300 You see, this is the problem with this.

00:08:45.780 The press and the left have already decided that these things don't matter.

00:08:56.140 The right has been saying it does matter.

00:09:02.300 In fact, we've been saying this since before 2008.

00:09:08.300 But 2008 is a great place to stop.

00:09:11.480 What was the campaign slogan for Barack Obama?

00:09:14.980 It was hope and change.

00:09:18.400 Well, hope for what?

00:09:21.460 Hope for a more peaceful, united union that had a government that was transparent and was doing the right things in the name of the people.

00:09:34.040 That's what the hope and change was that we all voted for.

00:09:38.300 It was bigger than Barack Obama, just like race was bigger than Barack Obama.

00:09:44.760 It wasn't that we elected Barack Obama because he was black.

00:09:48.760 But there was something bigger than Barack Obama, and that was racism in America.

00:09:57.140 We are not the people we used to be.

00:10:00.260 So it was this ideal that was held up.

00:10:07.000 Here's a black man that can bring us hope and change.

00:10:12.380 That's great.

00:10:14.260 But that's not what we got.

00:10:16.540 We got more division.

00:10:21.000 More lies.

00:10:23.200 And a press that wouldn't look into anything.

00:10:28.660 A press that said, oh, it's the most ethical presidency of all time.

00:10:32.720 They were using the IRS to take down his opponents.

00:10:39.980 What is the difference between that and what Joe Biden did or what Donald Trump did?

00:10:46.740 What's the difference?

00:10:49.560 If one is abuse of power, they all are abuse of power.

00:10:53.440 This is why Donald Trump was elected. 1.00

00:10:59.920 Donald Trump was elected because the people know he's full of crap a lot of times. 1.00

00:11:07.540 They know that he is a big businessman. 1.00

00:11:11.440 He's a wheeler and dealer.

00:11:13.200 Why would you want that guy as president? 1.00

00:11:14.960 Because he has the balls to stand up and say, shut up. 1.00

00:11:20.940 And that's where America is. 1.00

00:11:24.920 And America is at that point on both sides of the aisle.

00:11:29.240 You see, what's happened here?

00:11:30.940 Are there the game players on both sides?

00:11:34.560 And the media, in both conservative media and liberal media,

00:11:40.160 they each have their game players.

00:11:42.860 Some are trying to do the right thing.

00:11:46.500 They're few and far between.

00:11:50.600 Most of the media has just chosen a side.

00:11:54.540 I am for the D's or I am for the R's.

00:11:59.280 But Americans are saying, I'm not for either of you guys.

00:12:04.220 I have hope that real change will come.

00:12:09.860 I want our government to do the right thing.

00:12:12.860 I don't care.

00:12:13.940 If this is wrong, then all of them should go to jail.

00:12:18.780 If what Donald Trump did is wrong, then Joe Biden should go to jail.

00:12:26.740 And Barack Obama should go to jail.

00:12:29.580 See, what's happened is, we're a banana republic.

00:12:37.500 And a banana republic chooses when to enforce the law.

00:12:43.300 Yesterday, Donald Trump said he had gutted the Johnson Amendment.

00:12:49.000 And he had.

00:12:50.660 He has.

00:12:51.520 Here's how.

00:12:53.080 He didn't change the law.

00:12:54.740 He can change the law.

00:12:56.160 But what he can do is instruct the Justice Department not to enforce the law.

00:13:04.740 Well, wait a minute.

00:13:05.940 Isn't that the problem that we have with sanctuary cities?

00:13:12.360 You can't decide not to enforce the law.

00:13:17.000 That's the problem.

00:13:18.380 If it's a bad law, remove the law.

00:13:24.160 If it is a law, enforce it.

00:13:27.680 Why are we having so many problems with guns?

00:13:29.940 Because we're not enforcing the law.

00:13:32.180 Why are we arguing about who should be president and who's going to be a stronger president to get the other side to shut up?

00:13:40.640 We're having that argument because we're not enforcing the law.

00:13:49.120 I'm going to go deeper into this in hour number three.

00:13:51.980 And I want to show you what's coming because of it.

00:13:55.920 And what you can do to change it.

00:13:59.180 The problem is there is no one articulating what's really going on.

00:14:05.820 I'll try to articulate it for you so you can articulate it to your friends because people are feeling alone.

00:14:16.940 And that is a real problem on multiple fronts.

00:14:25.240 We'll go more into it here in just a second.

00:14:27.480 And hour number three.

00:14:29.320 Also, we are going to talk about the economy in about 80 minutes or 70 minutes from now.

00:14:38.000 You don't want to miss that.

00:14:39.980 Don't want to miss a second of today's show.

00:14:42.120 Also, Max Lucado is coming on in just a few minutes.

00:14:45.460 Last summer, it's finally over.

00:14:48.640 We are now in, well, not here in Texas.

00:14:51.700 Texas, it's still fires a hell hot.

00:14:54.860 Why?

00:14:55.760 Why, Lord?

00:14:56.520 Why?

00:14:58.200 Anyway, summer is finally winding down.

00:15:00.400 Fall is on its merry way.

00:15:01.960 And so are all the things that you have to worry about with your car.

00:15:06.000 You're going to have to turn the heater on.

00:15:08.420 Yeah, the heater is going to have to be turned on pretty soon.

00:15:11.140 The cold weather is coming.

00:15:14.180 A lot of things in your car probably have gone kaput.

00:15:17.620 If you don't have, sorry, I didn't mean to, I didn't mean to just, just take the German culture there and appropriate it by using the word kaput.

00:15:28.000 But how dare you?

00:15:29.160 I'm sorry.

00:15:30.060 I'm sorry.

00:15:30.640 Anyway, cooler months means you have to take a look at your car.

00:15:34.300 Does your car have coverage?

00:15:37.300 Does your car have coverage for just routine repairs?

00:15:41.300 Things that should be covered.

00:15:42.580 CarShield can help you.

00:15:44.900 If you have a car that is 5,000 or 150,000 miles and it doesn't have any coverage on it, you need to get that coverage.

00:15:53.160 And you can get it from CarShield.

00:15:54.560 They'll make fixing your car a pleasure, believe it or not.

00:15:57.400 800-CAR-6000, 800-CAR-6000, mention the promo code BECK or visit carshield.com and use the promo code BECK and save 10%.

00:16:06.340 carshield.com, promo code BECK, carshield.com or 1-800-CAR-6000, promo code BECK.

00:16:15.180 We pause for 10 seconds.

00:16:16.400 Station ID.

00:16:16.840 All right, you're there.

00:16:29.500 What do I have wrong here, Pat?

00:16:32.120 Uh, everything.

00:16:33.420 I didn't believe a word you were saying.

00:16:35.840 Really?

00:16:36.360 No, not a word of it.

00:16:37.260 Wow.

00:16:37.800 Yeah.

00:16:38.180 You really screwed up this time.

00:16:40.080 Huh.

00:16:40.660 I think it's over.

00:16:42.420 My career is everything.

00:16:44.340 Yes.

00:16:44.640 I think what we need to do is impeach you from this position and put you to death, which is what is actually being proposed by Bill Weld. 0.75

00:16:56.000 Bill Weld. 0.59

00:16:56.940 The guy we...

00:16:58.460 Unbelievable.

00:16:59.160 Bill Weld, I am convinced, is the reason why we have to have the little sticker on the lawnmower that says,

00:17:05.660 do not stick hand under lawnmower while operating.

00:17:09.900 That's exactly right.

00:17:10.940 Don't mow your roof.

00:17:12.540 Uh, okay, I won't.

00:17:15.300 You sure?

00:17:16.040 He's the guy I think we needed. 0.97

00:17:17.880 He is actually now saying that Donald Trump should be executed for treason. 0.91

00:17:26.120 To me, that's almost enough to send the Secret Service over to knock on his door and at least make sure he's not completely crazy and sending out minions or something. 0.97

00:17:34.880 Because that's just crazy talk. 0.85

00:17:37.700 It's just crazy.

00:17:38.620 Why is it crazy?

00:17:39.900 Because, first of all, we don't even know what was said.

00:17:42.980 If we had a transcript...

00:17:44.720 Execution.

00:17:46.140 I mean, maybe could you at least wait and let's at least hear the phone call.

00:17:50.080 What do you think of that?

00:17:51.020 And is that treason?

00:17:53.040 Is that treason?

00:17:53.980 If he did...

00:17:54.560 No.

00:17:55.100 I don't think it's treason at all.

00:17:56.140 No, it's not treason.

00:17:56.860 No, it's not treason.

00:17:57.720 I think the worst you can get him for if he did this is election tampering, right?

00:18:03.740 Because he's trying to mess with the election with a foreign power. 0.87

00:18:07.580 I think you could make a case.

00:18:09.320 I think you could...

00:18:09.980 Maybe you make that case.

00:18:11.040 I don't think that's what happened even.

00:18:12.640 I don't think he did that.

00:18:13.520 Let's just say it did happen.

00:18:15.140 Let's just say it did happen.

00:18:16.340 Yes.

00:18:17.360 You're President Trump.

00:18:18.760 Do you trust the intelligence community?

00:18:20.900 No, I don't.

00:18:21.420 Do you trust the judiciary?

00:18:22.800 No.

00:18:23.220 Do you trust Congress?

00:18:24.720 No, I certainly don't.

00:18:25.780 Do you trust the Justice Department?

00:18:27.960 Nope.

00:18:28.640 Okay.

00:18:29.100 So who do you go to?

00:18:31.020 Uh-huh.

00:18:31.540 Who do you go to...

00:18:32.880 And that's been the thing with him.

00:18:34.220 Right.

00:18:34.640 He's got very few people that he even trusts or can count on.

00:18:37.840 And can I tell you something?

00:18:39.120 He's right to feel that way.

00:18:41.080 Yeah, he is.

00:18:41.560 Do you go to the media?

00:18:43.080 That's been proven over and over and over again.

00:18:44.600 Right.

00:18:44.980 When people leave his administration, they turn on him.

00:18:47.060 There is no one that you can go to as President of the United States.

00:18:51.560 Uh-huh.

00:18:51.820 And so he goes to the new president and says, look, I think there's corruption there.

00:18:57.200 My press won't investigate it.

00:18:59.420 The Justice Department is corrupt on investigating stuff like this.

00:19:03.540 Yeah.

00:19:04.020 I don't trust our intelligence community.

00:19:06.020 That would all make sense if this is how it happened.

00:19:08.200 Yes.

00:19:09.060 Now, he says he didn't ask for any dirt on Biden, though.

00:19:12.480 He said, I didn't ask for any dirt on him.

00:19:14.280 I don't believe that.

00:19:15.080 Don't you?

00:19:15.800 Uh-uh.

00:19:17.840 And he could have put it in a way to where there's some wiggle room.

00:19:20.880 He's not subtle.

00:19:22.280 I know.

00:19:22.800 That's very true.

00:19:23.900 He's not subtle.

00:19:24.200 That is true.

00:19:25.320 Right.

00:19:25.660 And I could see him.

00:19:26.680 This is how I could see it going down.

00:19:29.380 Hey, Boris.

00:19:31.180 My name's not Boris.

00:19:32.240 Yeah, whatever.

00:19:32.980 Boris.

00:19:34.380 It's Voldemort or something.

00:19:35.780 Whatever.

00:19:36.300 Whatever.

00:19:36.980 You're all people who are alike.

00:19:38.060 So, here's the thing.

00:19:41.040 We've been worried about corruption in your country for a very long time.

00:19:44.960 Obama was concerned about corruption.

00:19:47.060 I don't really know who you are.

00:19:49.260 Now, my people say that you're good.

00:19:52.220 And you lean towards the West.

00:19:54.940 And that's good.

00:19:55.720 We need a strong partner.

00:19:57.420 Now, listen.

00:19:57.820 I got all this money sitting over here.

00:20:00.340 And I am concerned about corruption.

00:20:02.720 And quite honestly, now, I don't think he did this because this is too, I don't want to say smart.

00:20:09.900 No, too smart.

00:20:11.640 He could say, quite honestly, the corruption that I'm worried about is the corruption that was coming from the United States.

00:20:17.960 Because we withheld $1.8 billion from you because of something with Burisma.

00:20:25.220 And that $1.8 billion disappeared in the bank we put it in.

00:20:31.080 And that bank was run by an oligarch.

00:20:35.020 Now, he doesn't talk like this, but he could have said something of this nature.

00:20:38.880 No, but he...

00:20:39.680 Maybe?

00:20:40.740 Maybe.

00:20:41.320 I doubt it.

00:20:41.700 Maybe.

00:20:42.100 But this is what he should have said.

00:20:44.920 It was run by an oligarch.

00:20:46.600 We put that money in there.

00:20:48.280 That money just disappeared.

00:20:50.240 That oligarch is also the guy who runs Burisma.

00:20:54.220 Yeah.

00:20:54.520 Who our vice president has his son, who has no experience in oil and gas, was on the board of directors.

00:21:06.000 That money went to that oligarch.

00:21:07.940 And, oh, by the way, at the same time, that oligarch, who has been banned from entry in the United States for years, it was overturned or rescinded.

00:21:20.260 At the same time, he took $1.8 billion from the United States.

00:21:24.700 His status in the United States was rescinded, and he was allowed to come to the United States.

00:21:30.900 We want to know why.

00:21:33.040 And I want an investigation, because I got this money, and I want to know what happened to the last $1.8 billion.

00:21:40.140 That's absolutely easy to do and right to do.

00:21:46.960 I think Donald Trump didn't think of it that way, but I think he knows of the story of Joe Biden and could have just said,

00:21:57.300 and I want an investigation on Joe Biden and his business dealings there, meaning the same thing.

00:22:04.300 Right.

00:22:04.360 It could have happened.

00:22:07.760 And is that an impeachable offense if he did?

00:22:11.860 I don't think so.

00:22:13.560 This is happening because the press won't do the work.

00:22:17.460 Yeah.

00:22:17.840 The press won't look into these business dealings with a real critical, impartial eye.

00:22:26.160 That's why this is happening.

00:22:28.000 Once people stop doing their job, chaos ensues, and it gets worse and worse.

00:22:39.200 The best of the Glenn Beck program.

00:22:47.900 Hey, it's Glenn, and if you like what you hear on the program, you should check out Pat Gray Unleashed.

00:22:53.480 His podcast is available wherever you download your favorite podcast.

00:22:56.780 Max Lucado is with us on the phone now.

00:23:00.760 Max Lucado is a New York Times bestselling author, but we're not going to hold that against him.

00:23:06.940 He is a pastor and a good friend of the program and somebody who makes millions of people.

00:23:13.760 He helps them, I should say, find their happiness, and he has a new book out called How Happiness Happens, Finding Lasting Joy in a World of Comparison, Disappointment, and Unmet Expectations.

00:23:27.520 This is the problem with the world.

00:23:30.600 When you look at the stats, people are not happy, and they're not finding happiness because they're looking for it in all the wrong places.

00:23:39.420 Max Lucado, welcome to the program.

00:23:40.880 Boy, you're really kind to have me on.

00:23:44.100 It's a treat to talk to you.

00:23:45.740 I thank you, Max.

00:23:47.520 And yesterday you were supposed to be on.

00:23:49.320 You even traveled all the way up here, and we had an issue, and so I owe you big time.

00:23:54.860 Thank you.

00:23:55.140 No worries.

00:23:55.940 All right.

00:23:56.160 So, Max, tell me the problem first, as if we don't know it, but you lay out some stats.

00:24:04.500 Yeah, it's fascinating, Glenn.

00:24:06.980 I'd be curious if you're surprised as I was when I read that only one in three Americans surveyed indicated that they consider themselves to be happy.

00:24:20.240 I think had you pressed me on that one, I would have thought, oh, I don't know, maybe three out of four are happy, even 50-50%.

00:24:29.460 But only one in three Americans have enough happiness to generate the wherewithal to check the yes on the happiness box.

00:24:38.140 But I think that goes to our suicide rate going through the roof.

00:24:44.140 Depression rate.

00:24:45.240 Yeah, and you see what's happening on social media.

00:24:52.000 We are living in a world of comparisons, and it's not healthy.

00:24:58.020 It's just not good.

00:24:59.140 Yeah, and comparison, which is this age-old problem, right?

00:25:03.800 We always compare ourselves with others.

00:25:07.520 You know, even the Ten Commandments has a lot to say about coveting what your neighbor has or to whom your neighbor is married.

00:25:14.000 Or what your God, even what your God is.

00:25:17.700 Exactly, exactly.

00:25:19.780 Comparison either creates feelings of superiority or inferiority, neither one of which are healthy.

00:25:28.820 And yet it just seems like in this last generation it's really taking its toll on us.

00:25:36.880 I will tell you, Max, that I have personal testimony on this.

00:25:42.660 I mean, I'm a guy who has gone through 20 years of, you know, having it all as what the world says is great and being miserable in it and finding real happiness at my home and with my children and in the quiet times.

00:26:02.460 I mean, it doesn't even compare to anything that the world can give you.

00:26:09.480 And that discovery has come as a result of some influence of others or just personal discovery?

00:26:16.520 How would you say that?

00:26:18.160 How did you realize that?

00:26:19.400 My personal discovery and finding, you know, more and more every day that what I think I should be doing or what I think is important is empty.

00:26:33.620 And then just discovering that the more time I spent with my family, the more time I spent with my children, the happier I was to the point to where I'm addicted to it.

00:26:46.960 What a healthy addiction.

00:26:50.960 Yeah, it is.

00:26:51.820 It is.

00:26:52.440 It is.

00:26:53.180 I've got an interesting philosophy.

00:26:55.240 At least I think it's interesting.

00:26:57.200 I've got a philosophy.

00:26:58.420 I'll let others determine if it's interesting or not.

00:27:01.360 But, you know, I grew up in the television generation.

00:27:04.760 Here I am with a Medicare application on my desk.

00:27:08.880 So I'm about to be 65.

00:27:10.980 So I grew up in the TV generation.

00:27:12.720 My kids grew up in the Internet generation, and now people are growing up in the social media generation.

00:27:19.300 And so people, especially teenagers, are getting a triple whammy of the advertising initiative that has besieged our generation unlike any other in the history of the world, right?

00:27:34.740 I mean, no one has ever had so many people with such sophisticated strategies tell them that they are unhappy, which is at the core of every good advertising campaign.

00:27:47.340 You've got to convince me I'm unhappy in the hope that I will buy this to make us happy and make me happy.

00:27:54.320 And then that doesn't work, and so the whole cycle, you know, it repeats itself.

00:28:00.360 And I've wondered, you know, this just terrible epidemic of suicide, just terrible, increasing rates of depression, which is projected to be second only to heart disease as the leading illness within the next, you know, maybe the next five years.

00:28:18.480 I've wondered how much of that can be attributed to this fuselage of advertisements that are existing to help me think that happiness comes from what I can acquire or when I can retire and how much happier we would be if we could make the discovery that you have made.

00:28:43.380 And that is that happiness happens not when you have something more, but when you appreciate what you already have and when you make other people happy.

00:28:52.780 So what is the key?

00:28:55.420 How do you set people on this discovery?

00:28:58.420 Well, thanks for asking.

00:29:00.280 By the way, again, thanks for letting me on the program.

00:29:03.140 You know, I think that there's so many countercultural passages in the Bible,

00:29:10.560 but one that really speaks to this issue is when Jesus said it is better to give than receive.

00:29:17.900 And really, that Greek term there, it is better to give, it is better, it's more blessed to give, is the word from which we get the word happiness.

00:29:26.860 In other words, happiness will happen when you give happiness to others.

00:29:31.160 So in the book, I unpack the passages in the Bible that we call one another verses, like encourage one another, teach one another, admonish one another, greet one another, forgive one another.

00:29:47.340 There's 59 of them.

00:29:49.240 There's not, don't worry, there's not 59 chapters in the book.

00:29:52.580 That wouldn't make anyone happy.

00:29:54.500 But I reduce them down to 10.

00:29:56.740 And I just challenge people, try this out.

00:29:59.640 But you'll find that real happiness happens when you make other people happy.

00:30:05.980 And here's just a little person, interpersonal relationship 101 book on how the Bible teaches us to do good for other people.

00:30:17.380 So one of the problems that we have, I think, is accented by your solution, and that is there isn't a lot of togetherness right now.

00:30:32.000 I mean, we are so separated into groups that it's getting down to individuals now to where we don't think we have anything in common.

00:30:42.080 Or we are so desperate for a team that will sell our soul for that team.

00:30:51.120 Oh, yeah, you're really hitting the nail on the head here.

00:30:54.980 Sure, and I don't quite know how we got to this point, but it's like our civilization is a collection of islands, and they're tiny islands in this archipelago that we call humanity.

00:31:13.320 And we have to each get on our own little tiny island, and the islands are defined by the opinions that we have.

00:31:24.720 And rather than agree to disagree agreeably, we disagree disagreeably.

00:31:33.300 And we isolate, and we cluster, and it's getting smaller and smaller.

00:31:38.760 I find this even in, like right now, I'm on a book tour, okay, and I'm traveling around talking to people, and we'll post that I'm going to be on such-and-such program, or I'll tell somebody I'm going to be on such-and-such program.

00:31:50.680 I'm surprised how much pushback people give.

00:31:54.280 Yeah, but don't you know that show, that guy or that lady, they promote, da-da-da.

00:31:59.620 And I say, I don't care.

00:32:01.320 I mean, we're not going to talk about that.

00:32:04.100 And whether or not they do, can't we find common ground?

00:32:08.260 We're all human beings.

00:32:10.120 We breathe the same air.

00:32:12.360 We're made by the same God.

00:32:14.180 We may have different opinions, but we've got to find a way to be, I don't know, more civil, right?

00:32:20.580 So, Max, I'm so glad to hear you say that.

00:32:24.320 This is something that I've really been working towards for a while.

00:32:29.620 And felt very, very alone five years ago.

00:32:32.860 And I am finding more and more people that, as you say, those islands are getting smaller and smaller.

00:32:38.160 People are jumping off those islands, and they're swimming to a mainland.

00:32:41.760 And that mainland is unrecognized so far by the majority of society.

00:32:48.360 But they are.

00:32:49.460 They're jumping off of those islands, and they're swimming towards a mainland where other people, who they don't agree with, are just standing there going,

00:32:57.440 I don't want to do that anymore.

00:32:59.720 And that's growing.

00:33:01.880 Do you think so?

00:33:03.200 I do.

00:33:03.980 I do.

00:33:04.460 You don't?

00:33:05.320 Oh, no, I agree.

00:33:06.320 I agree.

00:33:07.240 It's very distasteful, life on those tiny islands.

00:33:11.000 It is.

00:33:12.120 It is.

00:33:12.800 And I contend, I kind of made a point here just in the last few minutes about politics,

00:33:17.860 and I'm going to go into it, you know, later on in the program, that what we're talking now with politics,

00:33:25.000 we're not even talking about the real people.

00:33:28.760 We are fighting over ideas, and we don't, without even stating them.

00:33:34.060 And I contend that there is enough people in the country that if someone would come and say, look, here's the idea.

00:33:41.200 We all leave each other alone, and we just be cool with one another, and we stop all this fighting, that person would win.

00:33:48.960 I agree.

00:33:51.060 And you know what I think?

00:33:52.460 I think the byproduct would be we could have some healthy discussions, maybe reach some solutions on these.

00:34:01.540 Everybody wants the immigration issue to be resolved, right?

00:34:04.940 These are human beings.

00:34:06.580 Peacefully.

00:34:07.660 Yeah.

00:34:08.000 Peacefully and equitably for everybody.

00:34:10.240 Exactly.

00:34:11.100 And there's got to be a solution.

00:34:13.820 Everybody wants, I don't know, health care.

00:34:16.260 Everybody wants that to be figured out.

00:34:17.800 But since we can't seem to discuss it in a civil manner, the possibility of a – maybe I'm just being naive, Glenn,

00:34:27.920 but I've been a pastor for 40 years, and in some ways being a pastor is good training.

00:34:34.940 And in human nature, sometimes we've succeeded, but – I'm sorry, sometimes we have not succeeded,

00:34:43.300 but most of the time I think we have.

00:34:44.920 In our little church there in San Antonio, Texas, we found a way to disagree agreeably

00:34:50.740 and just keep chugging along together.

00:34:53.820 We agreed that the big things are, you know, a good God and a loving Savior.

00:34:59.220 We're going to agree on that, and we're going to agree to disagree on these smaller issues.

00:35:03.660 And it's just kind of – we've got to do stuff like that to reach a consensus and move forward.

00:35:11.080 The name of the book is How Happiness Happens, Max Lucado.

00:35:15.180 Max was scheduled to be on with a podcast with me where we could spend 90 minutes and really talk.

00:35:21.980 I'm sorry, I know you already – we dissed you yesterday, but I would love to have you,

00:35:29.200 if you have time in your schedule, to come back and make that a part of your schedule.

00:35:37.700 That would be great.

00:35:37.980 That would be great, yeah.

00:35:39.040 Because I think –

00:35:39.720 It's always a treat to talk to you, though, in any format.

00:35:43.300 Well, Max, if you can't do that, I'd love to have you back on radio again and talk to you,

00:35:48.860 because I think that you are – you're on the right track.

00:35:52.700 People are hungry for it.

00:35:54.600 They don't know how to find it anymore.

00:35:57.120 And I think 2020 is going to be even a harder year to find the truth and to find happiness.

00:36:05.360 Yes, sir.

00:36:06.000 Thank you so much.

00:36:07.060 Okay, thank you.

00:36:08.240 All the best to you, Fred.

00:36:09.240 Max Lucado, How Happiness Happens.

00:36:12.440 It's available in bookstores everywhere.

00:36:16.920 This is the best of the Glenn Beck Program.

00:36:29.700 The new book, The United States of Trump, How the President Really Sees America.

00:36:34.880 He's been working on this for like 10 minutes last year and then promoting for the last year to tell us that it's coming out.

00:36:42.760 I have read it cover to cover, and I begrudgingly tell you it's one of his best books, and it's really, really good.

00:36:50.420 And you're going to look at the president in a different way.

00:36:52.780 And if anybody really wants to understand how the president thinks, this would be the one book that you should –

00:37:00.340 but I'm hoping that there's some sort of book apocalypse that happens, and you can't make it to the bookstore.

00:37:07.440 Bill O'Reilly, welcome.

00:37:09.320 You don't have to go.

00:37:10.380 You can order on Amazon or BillOReilly.com.

00:37:13.160 Now, listen, it's very nice of you.

00:37:16.240 We usually chat on Friday, and it's very nice of you to give me the extra time on Tuesday.

00:37:21.420 And I'll tell you why it's important.

00:37:23.660 So the networks won't book me to talk about this book for two reasons.

00:37:30.180 Number one, it embarrasses them because it chronicles how the coverage of Donald Trump has been so dishonest from the jump.

00:37:37.540 And number two, they say to our publicists, well, yeah, he can come on, but we want to talk about Fox News and how bad it is

00:37:45.760 and how they're in the tank for Trump, and we want him to go on and rip up Fox News.

00:37:51.660 And I'm not going to do that.

00:37:54.300 You know, I've got problems with Fox, as everybody does, but I was there for more than 20 years.

00:37:59.620 I'm not going to go in and rip them up.

00:38:00.700 So hang on just a second.

00:38:02.060 So you're not going to be on any of the late-night shows?

00:38:05.800 No. 0.50

00:38:06.160 You're one of their favorite punching bags.

00:38:10.680 This is an organized deal that basically the national media says, uh-oh, if this book, if O'Reilly's book gets to be a big success

00:38:23.080 and millions read it, they're going to know that we're not covering the country honestly.

00:38:29.640 And let me give you an example of how, what a crisis we're in as far as information flow is concerned.

00:38:38.300 So the AP writes a story about this Ukraine controversy, right, the Associated Press.

00:38:45.540 And the Associated Press goes to every small newspaper in the United States.

00:38:50.400 That's what you read when you pick up the Fort Lauderdale Sun-Sentinel or whatever.

00:38:57.020 So I'm going to read you one paragraph.

00:38:59.380 This is from the Associated Press.

00:39:00.860 Hard news coverage.

00:39:02.100 Trump has sought, without evidence, to implicate Biden and his son Hunter in the kind of corruption that has long plagued Ukraine.

00:39:11.220 Hunter Biden served on the board of a Ukrainian gas company at the same time his father was leading the Obama administration's diplomatic dealings with Kiev.

00:39:18.480 Though the timing raised concerns among anti-corruption advocates, there has been no evidence of wrongdoing by either the former vice president or his son.

00:39:28.160 It's not true.

00:39:29.500 Now, this is a hard news piece.

00:39:31.860 But they didn't say there is no evidence of wrongdoing against President Trump.

00:39:36.780 When there isn't any evidence of anything, we don't know what Donald Trump said in his phone call.

00:39:43.900 We don't know who the whistleblower is.

00:39:46.840 And now there are reports that the whistleblower didn't even hear the conversation.

00:39:51.500 It's hearsay.

00:39:53.280 None of that is in the Associated Press report.

00:39:56.420 So the reason I wrote this book was because I am furious about the corruption of the American media.

00:40:05.160 And I am worried that the American people are not getting the information they need to make responsible decisions.

00:40:15.720 That's why I wrote this book.

00:40:17.220 I had another killing book all set to come out this month.

00:40:20.040 But we delayed that to get this book out because enough's enough.

00:40:25.280 But now it's going to be harder for me to get the word out about the book because the establishment media doesn't want people to know about it.

00:40:34.940 And that's why I thank you, Glenn Beck, for being generous and giving me some time today.

00:40:41.020 So I'm shocked to hear that the media won't have you on.

00:40:44.540 I actually am because you are a great guest and they love punching you and you like punching back.

00:40:50.760 It's great for ratings.

00:40:51.760 But listen, when I tell you, Beck, that we are in a crisis situation as far as the media is concerned, all right, that there is anger in the conservative traditional precincts, furious anger, all right?

00:41:09.460 And in the liberal precincts, there is worry.

00:41:13.920 There have been so many bogus stories, so many false accusations that the liberal media is now worried.

00:41:21.760 CNN is worried.

00:41:23.240 They don't have one show that draws more than a million viewers, not one.

00:41:27.420 You could put a chimp on for an hour and have the chimp jump up and down and maybe eat a few bananas and you'll get a million, too. 1.00

00:41:35.560 They can't get a million viewers for any of their shows.

00:41:38.360 All right.

00:41:39.000 So let me ask you this.

00:41:40.040 Do you think, knowing the president and writing this new book that is out today, The United States of Trump, do you believe that Donald Trump did not say to the Ukrainian president or whoever he was supposedly talking to, hey, I need you to look into this thing about Biden and his son?

00:42:00.760 All right. The odds are, heavy odds are, that he did say that.

00:42:06.960 But there's nothing wrong with that.

00:42:09.340 Okay, that's what I was going to ask you next.

00:42:11.240 Is there a problem with that?

00:42:13.180 Here's the problem.

00:42:14.340 And I wrote this on the message of the day if people want to read a little more detail on BillOReilly.com.

00:42:19.500 The problem is, if he said to the president of Ukraine in June or July, when this call was made, look, if you don't nail the Bidens, I'm not going to give you the aid that Congress has approved. 0.54

00:42:36.220 That would be very bad.

00:42:39.760 Now, Trump denies that.

00:42:41.400 He flat out says, I didn't do it.

00:42:44.180 I didn't do a quid pro quo, Latin this for that.

00:42:47.500 Okay, but if he did, that's bad.

00:42:51.540 Okay, and that has to be looked into.

00:42:54.040 Impeachable?

00:42:55.480 I don't think so.

00:42:57.820 I don't think so.

00:42:59.720 Because the aid did go to Ukraine.

00:43:02.920 It did go.

00:43:04.340 If the aid had not gone, then more of a chance.

00:43:10.300 So do you think, wait, wait, wait.

00:43:11.580 Do you think he said, I'm not giving that to you unless you nail him?

00:43:14.820 I don't know.

00:43:15.360 How can I possibly know?

00:43:16.580 I know that.

00:43:17.280 I know that.

00:43:17.700 Here's what I know.

00:43:19.380 Donald Trump believes that the Obama administration, including Joe Biden, was corrupt overseas.

00:43:24.600 And I agree with him.

00:43:25.560 I know that for a fact.

00:43:25.840 Do you agree with him?

00:43:27.000 I do.

00:43:27.520 Between Ukraine and China?

00:43:29.720 It's a fine line, okay?

00:43:32.460 There's no question, by his own admission, that Joe Biden helped his son make multi-million dollars.

00:43:40.480 And there is nothing illegal about that that we know of, but it's just horrible.

00:43:47.200 Unless, all right, Biden basically, and Biden admits to doing it.

00:43:52.680 Biden told the Ukrainians, if you don't remove this prosecutor looking into my son's company, the company paying him $85,000 a month,

00:44:01.740 that I'm not going to give you a billion dollar in loans and President Obama is going to back me up.

00:44:06.960 Now, that could be illegal.

00:44:09.500 So don't dismiss that.

00:44:11.760 And Biden admits that he said it.

00:44:13.700 Yeah, but what he didn't say was, what he claims he didn't say was, because it's my son's company and I want you to get off of that.

00:44:23.400 But it doesn't make any difference.

00:44:25.060 Correct.

00:44:25.660 That doesn't make any difference because he was over there, all right, overseeing Ukrainian loans.

00:44:33.540 At the same time, his son was getting paid by a corrupt Ukrainian energy company.

00:44:39.660 So what Biden was mandated to do, all right, was recuse himself from being in Ukraine.

00:44:47.840 He's mandated to do that.

00:44:49.580 That's conflict of interest.

00:44:52.520 I could make a case on this all day long, but you won't hear a word about this in the media.

00:44:57.520 Not a word.

00:44:58.740 No, I know.

00:44:59.780 And that brings me back to why I wrote this book, because I'm so angry about, and my whole life,

00:45:08.660 I have never seen anything like this in the United States and in all the history that I've written about.

00:45:15.800 The press has never been corrupt at this level, ever.

00:45:21.680 So what's, because if you think it's bad, you say we're in a crisis now.

00:45:27.220 I believe 2020 is going to be much, much worse.

00:45:33.060 We will end 2020.

00:45:34.360 By this time in 2020, people will not know who to trust, what to believe, what's real, what's not.

00:45:42.780 Even if they see it in video, they won't know if it's real or not.

00:45:46.080 They hear tapes of it, they won't know what's real or not.

00:45:49.140 That's what's coming in the next 12 months.

00:45:51.140 Here's the mitigating circumstance why I'm not as worried as you are, because there will be debates between Trump and Biden or whoever the nominee may be.

00:46:02.640 Okay?

00:46:03.320 You're going to get at least three expositions of Trump versus that person.

00:46:09.840 That transcends the media.

00:46:12.120 The media is not going to have anything to do with that.

00:46:13.960 Okay?

00:46:14.740 It's going to be mano a mano on the stage, Americans watching in record numbers.

00:46:20.120 Okay?

00:46:20.720 And Americans will make their decision based upon those expositions.

00:46:25.380 So you're taking the press out of that.

00:46:28.000 All right?

00:46:28.380 They can't say, oh, we fought so-and-so won't, because Americans are going to watch and make their own decisions.

00:46:35.080 All right?

00:46:35.540 That's the key of the election of 2020.

00:46:39.180 Bill, thank you so much for being on.

00:46:44.300 Again, the name of the book is The United States of Trump, How the President Really Sees America.

00:46:51.880 What is the one part that you think Donald Trump is going to bristle at the most?

00:46:58.220 Probably the description that everything he deals with, he makes personal.

00:47:06.160 It's all personal.

00:47:09.940 He's going to disagree with that?

00:47:12.160 I don't think he's going to like to hear it.

00:47:15.440 You know, he's got nobody around him.

00:47:16.940 Maybe Melania.

00:47:18.100 Maybe.

00:47:18.640 I don't know for sure.

00:47:20.280 Got nobody around him.

00:47:21.200 Say, hey, why don't you knock off the narcissism on Thursday?

00:47:24.660 You can do it the other four or five days of the week, but no, no narcissism on Thursday.

00:47:29.080 What did you get from that scene that you talk about on the airplane where he's like, Melania, come on in here.

00:47:35.360 Oh, that was hysterical.

00:47:37.020 He was so teed off that I was asking him all these questions about his family and his background and that he was an incorrigible child.

00:47:46.720 He got so agitated.

00:47:48.340 And he didn't know what to do.

00:47:49.320 He couldn't throw me out because we're at 30,000 feet.

00:47:52.640 We're on Air Force One.

00:47:54.260 So he calls his wife in.

00:47:57.060 He goes, Melania, get out of here. 0.99

00:47:58.640 He's torturing me.

00:48:00.200 Tell him to stop.

00:48:02.320 And Melania comes in with a smile and looks at me and looks at him and just bolts right out.

00:48:10.500 Just comes in, doesn't say anything.

00:48:14.600 He explains.

00:48:15.540 She just stands there for a while and then turns around and walks out. 1.00

00:48:19.740 No, didn't walk out.

00:48:21.980 Sprinted out.

00:48:24.260 All right.

00:48:25.460 Bill O'Reilly, thanks so much, man.

00:48:27.040 All right.

00:48:27.460 Appreciate it.

00:48:28.240 Talk to you Friday.

00:48:29.160 You got it.

00:48:29.740 United States of Trump is the new book.

00:48:36.440 You're listening to the best of the Glenn Beck program.

00:48:39.040 Hey, it's Glenn.

00:48:50.360 And if you like what you hear on the program, you should check out Pat Gray Unleashed.

00:48:54.740 His podcast is available wherever you download your favorite podcast.

00:48:58.620 We have Harry Dent on.

00:49:00.040 He is the author of a new book out called Zero Hour.

00:49:02.580 He's a he's an economist.

00:49:04.860 He has written several, several books over the recent years.

00:49:10.180 He goes against the grain.

00:49:12.100 Usually this time people are starting to agree with him.

00:49:15.540 But he predicted the dot com bubble in the 90s.

00:49:20.320 I believe he also had a book out that talked about the banking crisis in 2008.

00:49:25.460 He is he is more accurate on timing than I am.

00:49:30.760 But he is very accurate on the direction that we're headed.

00:49:36.020 He's saying that we are approaching zero hour in 2020 of a of a massive meltdown.

00:49:42.220 Welcome to the program, Harry Dent.

00:49:44.600 Yeah, nice to be back, Glenn.

00:49:45.800 Yeah, thank you.

00:49:46.820 So let me let me start with this.

00:49:49.720 Are you concerned at all about what's happening with the banking sector that they say was caused by buying U.S. treasuries?

00:49:58.400 And then they also had to pay their taxes on the same week.

00:50:01.620 And so the the repo loans that are being given by the Fed and they say they're going to do it now.

00:50:08.740 They were only going to do, I think, 50 billion dollars.

00:50:12.260 And they announced last Friday that they're going to continue this until October 10th to the tune of one point eight trillion dollars to the banks.

00:50:19.920 What's happening there?

00:50:21.920 Well, yeah, it is worrisome that all of a sudden banks need money.

00:50:26.040 You can't say, oh, quarterly tax payments are due because that happens every quarter.

00:50:29.640 Yeah. I mean, fire everybody in your accounting department, if that's true.

00:50:34.120 Yeah. And the repo rate doesn't jump to 10 percent every quarter when that happens.

00:50:38.320 So there is a reason that there's a couple of things going on.

00:50:41.280 And the Fed is partly responsible for this.

00:50:44.120 Back in 2008, in the crisis, they, for the first time, paid banks to have excess reserves parked at the Fed.

00:50:54.240 In the past, if they did that, they didn't get anything on it.

00:50:56.520 And so the banks are sitting here saying, OK, other banks need more money.

00:51:01.520 But for some reason, the big banks, who are the ones that really do this, are not lending it.

00:51:06.540 It's banks lending to each other, as you've told people.

00:51:09.800 And for some reason, they're not.

00:51:11.100 But the reserves, but they're getting that 1.9 percent.

00:51:15.400 They're getting the same amount just sitting there at the Fed.

00:51:18.320 So the Fed created this.

00:51:19.480 That was not the case.

00:51:20.640 The other thing is that the Fed started draining.

00:51:26.740 They started buying back bonds.

00:51:28.880 They started shrinking their balance sheet between 2017 and 2018.

00:51:32.540 And that took the amount of money that banks have in excess reserves.

00:51:37.300 Now, that's above what they're required to have with the Fed.

00:51:40.400 So this is excess dropped from 2.8 down to 1.4 trillion.

00:51:44.420 So there is less money in the system because of that.

00:51:48.300 And now there seems to be – I mean, like you say, nobody's giving a reason, which is weird.

00:51:52.300 It is weird that not giving a reason why banks suddenly need money.

00:51:55.900 But they may just get to the point where the larger banks say, well, you know, we want to have some excess liquidity because I hate it.

00:52:03.840 They know that they're still – I mean, remember that $670 trillion of crazy derivatives, highly leveraged derivatives?

00:52:10.980 There's still $530 trillion in the system.

00:52:15.400 And, of course, these banks, all of them, they invest, and they're basically speculators now.

00:52:21.680 And they're the smart money that can kind of be ahead of the Fed.

00:52:24.860 And as long as the Fed keeps easing, they just keep betting on that highly leveraged.

00:52:28.820 So, you know, they know that they have more risk than they let on.

00:52:34.480 And so maybe these bigger banks are just saying, oh, you know, I think we'd rather have this money sitting in the Fed.

00:52:41.240 And we're getting paid the same.

00:52:42.320 Now, what would be interesting, if the Fed – I would like to see this – if the Fed were to lower that rate they're paying on those excess reserves, then the banks would have more motivation.

00:52:52.700 And if then they didn't land, boy, then you know something's – but it's definitely troubling.

00:52:57.600 This is not cumulative.

00:52:58.820 This money has to be paid back every night.

00:53:00.420 But the fact that they have to keep doing it every night, something –

00:53:03.080 It's a problem.

00:53:04.020 Something's wrong.

00:53:04.600 Yeah, it's a problem.

00:53:05.560 All right.

00:53:05.680 The liquidity is drying up.

00:53:06.940 And that's – it doesn't take much to trigger a crisis when we now have $70 trillion more in global debt than we had before.

00:53:15.540 And we have, you know, $89 trillion in just household financial asset.

00:53:21.860 All of this can – and businesses have $29 trillion and financial institutions have, you know, $102 trillion.

00:53:28.100 This money can just disappear.

00:53:30.060 And that's what happens in – the difference between a recession and a depression.

00:53:35.920 And, you know, and I know you're thinking the same.

00:53:38.420 I'm calling for a depression.

00:53:40.180 We began a depression in 2008, but they printed cents, about $16 trillion, to blow our way out of it to keep the banks from having to mark – take losses on their bad loans and mark things down the market, which they allowed them not to do, which is all bad business.

00:53:56.440 It's all not letting you clean out the system.

00:53:59.160 So the economy can get healthy again.

00:54:01.560 So we're carrying all this bad debt.

00:54:03.200 Now we've got $70 trillion more.

00:54:05.000 Most of that came in the emerging world where their debt almost tripled since 2008 because we printed all these cheap dollars and euros and stuff and yen, especially dollars.

00:54:15.380 And so emerging markets, emerging countries went on a borrowing spree like we did in 2008.

00:54:20.380 So we're more in debt.

00:54:21.580 They're way more in debt.

00:54:22.700 So what we're going to have, instead of the 1930s scenario where the first downturn was the worst of the Great Depression, 25 percent unemployment, 89 percent stock crash, real estate goes down, everything goes down.

00:54:36.220 This time we had – and then they had an aftershock in 1937 to 40, a second lesser depression.

00:54:44.240 What we got is the lesser depression on the front side, and we're going to get the big one on the back side precisely because governments, central banks, all did the same thing.

00:54:52.620 They just printed their way out of this.

00:54:54.820 They printed money to cover up and to prevent deflation.

00:54:59.500 Deflation is occurring, and again, that's what a depression is versus a recession.

00:55:03.680 When you see deflation like in the 1930s, and we started to see in 2008 and 2009, you have loans failing.

00:55:10.500 That means they get written off or restructured.

00:55:13.880 Money disappears in the system.

00:55:15.720 Stock bubbles, right?

00:55:17.180 You know, the stock market is worth, what, $70 trillion.

00:55:19.640 That drops 50%, 60%, 70%, 80%.

00:55:22.440 Money disappears and does not come back for a while.

00:55:24.860 So money is coming out of the system.

00:55:26.860 That causes deflation, and that's a sign that you're going through what I call a big detox, that the debt is deleveraging.

00:55:33.800 Financial bubbles are coming down to reality.

00:55:36.140 The stock market right now, I think you probably remember the indicator I'm most famous for is the spending wave, new generations moving predictably up a rising spending cycle as they age.

00:55:47.180 Until age 46, now it's 47.

00:55:50.740 And that's been the best gauge of where the stock market should be and the best predictor in the past.

00:55:55.640 Well, now the stock market's 114% above that, by far the most overvalued.

00:56:01.780 And you know what, as always, companies buying back their own stocks.

00:56:04.860 Their earnings per share from shrinking their stocks has gone up 119% faster than the actual earnings, and that's almost exactly how much the stock market's overvalued.

00:56:15.200 So no – everyday investors aren't buying the stock market.

00:56:19.220 Institutions are actually backing out in the last year.

00:56:23.600 It's all corporations.

00:56:25.080 $5.7 trillion since 2009.

00:56:27.860 Corporations buying back their own stock, which means they're buying – they're taking the cash flow of their shareholders and buying stocks that are massively overvalued in a bubble.

00:56:39.000 And then when it crashes, they're going to lose all that money, and the shareholders are going to say, well, why aren't you buying our stock now that it's down 80%, 90%?

00:56:46.140 And they're going to say, well, we don't have the money because we blew it in the bubble.

00:56:49.400 I've never seen this, Glenn, before, where the dumb money today is the largest corporation's management buying back their own stock.

00:56:58.180 And then the flip side, in real estate, the biggest bubbles are being driven by the richest people buying in the biggest cities like New York and London and San Francisco and Miami and Shanghai and Sydney and Singapore.

00:57:13.260 And they are buying real estate massively overvalued, thinking, oh, it can never go down because rich people like us will always have money and buy it.

00:57:21.740 No, the rich people – the richer you are and the more money you have in financial assets, the more you're going to lose when this bubble blows.

00:57:28.360 And I'm saying at the latest, this thing blows by early 2021.

00:57:33.740 I think it's going to blow right around the corner.

00:57:35.760 I think it's going to blow in early 2020.

00:57:38.360 I've got two scenarios.

00:57:39.700 It's so bad now, Glenn, that central banks just do anything, print any amount of money, cut taxes, whatever, to keep this going.

00:57:48.440 This is just going to be a bubble that goes until it blows.

00:57:51.880 And it looks to me it's like we've got maybe one more rally left.

00:57:56.180 And the question is do we get a significant scare first and then a rally because the Fed does step up and do what Trump is telling him to do.

00:58:04.020 It's like print a bunch of money and lower rates more aggressively again.

00:58:08.160 But one way or the other, I think his thing is my odds are that this is going to blow by in the first half of next year and maybe as soon as January if we get one more.

00:58:17.980 So what, Harry, does the average person do?

00:58:20.820 Don't talk to me about people who have lots of money.

00:58:22.900 Talk to me about people who have very little money.

00:58:25.580 What do they do?

00:58:27.320 Well, you know, I tell you, first thing, because real estate is hard.

00:58:30.700 If you have real estate that's not strategic to your life, like a home you plan to stay in long term, you've got maybe a second home that you don't use that much or you've got maybe you speculated in a house, which a lot of people have done.

00:58:42.980 You know, you buy a house and then you rent it out and then you hope it keeps going up in this bubble.

00:58:49.020 You've got to sell your real estate now because real estate gets illiquid very fast.

00:58:54.380 And that's what happened in 2008.

00:58:55.900 So so any real estate and if you're thinking, oh, I've got a McMansion now, but in three years I'm going to retire and I'm going to sell it.

00:59:03.140 No, sell it now before this crash, because real estate, I think this time my indicator on real estate is very good.

00:59:09.860 It was 20 percent overvalued in 2006, the last top.

00:59:13.540 And I did call that.

00:59:14.400 In fact, I sold my house in Miami right in late 2005, just before real estate peaked in 2006.

00:59:21.580 Now it is 40 percent overvalued.

00:59:24.380 Compared to my best indicator for that.

00:59:26.140 So I'm expecting up to a 50 percent crash versus 34 percent in real estate.

00:59:30.920 Now, that's that's that's what hits the average person the most, because people tend to have debt against their house and people tend to have a lot.

00:59:39.080 Rich people have a lot more money in financial assets, but but everyday people have more money in their house, in their primary home and or a vacation house.

00:59:47.780 Real estate first.

00:59:48.800 Because I'm telling people, you know, right now wouldn't be a bad time because we we could see a surprise crash literally within weeks because the market is at a very critical point right now.

01:00:00.340 They're trying to break the new highs.

01:00:01.900 And if they can't, it means they're probably going to go down more than they did late last year.

01:00:06.880 And that that could be twenty five, thirty percent.

01:00:09.200 So this is this is a good time to lighten up on stocks.

01:00:12.040 If we see this one more rally that I'm expecting, then you definitely sell that.

01:00:15.900 You just you're thinking there's a rally at the thirty three possible.

01:00:20.520 Possible yet or my I'm most watching, Glenn, the Nasdaq because that's the lead dog.

01:00:27.080 That's the lead bubble Nasdaq.

01:00:29.500 I'm project if we get one more, if we can break up the new highs and continue the rally that started in in late December, then my target would be about ten thousand.

01:00:39.580 I see it get near a ten thousand Nasdaq.

01:00:42.100 That is an absolute take your money and run, even if it goes higher, because as Barron Rothschild said in the eighteen hundreds, when I asked, what's the secret to your wealth?

01:00:50.820 He said, I always got out a little early.

01:00:52.640 The one of the things, Glenn, I did was I looked at bubbles.

01:00:55.660 All I've done is study bubbles the last few years, because we're in we're in the biggest bubble in all history.

01:01:00.480 It's global. It's being pushed, coordinated by central banks around the world.

01:01:05.740 Bubbles, the first crash when when the smart money finally say it's over and I've got a smart money indicator that's saying they're already running for the hills.

01:01:15.300 They just haven't started shorting it yet.

01:01:16.920 They're already not investing in this market.

01:01:19.620 The first crashed averages in the last seven bubbles in the last century, 42 percent in the first two point six months.

01:01:26.380 And the worst one, which would probably be more like this one, was nineteen twenty nine, forty nine percent in the first two point three months.

01:01:33.240 In less than 10 weeks, the market goes down forty nine percent on the way down eighty nine percent in nineteen thirty two.

01:01:41.400 But but more than half of it happens right away.

01:01:43.700 So people who wait and say, well, you know, wait, it's better to get out a little early.

01:01:49.840 I think markets are either going to break up or down in the next few weeks or so.

01:01:55.260 If they break up, I would kind of like sell into that rally.

01:01:58.640 If they start to break down and then, you know, you might want to just get out a little early now and you could do like half now and half later.

01:02:07.520 So you really just have to say, look, I mean, what what the typical stockbroker financial advisor will tell you and they'd be right about 80 percent of time, you know, you can sit out most correction.

01:02:19.220 This is not a correction.

01:02:20.900 This is a great reset.

01:02:22.740 The last time this happened was exactly 90 years ago.

01:02:25.640 That's one of my most important cycles.

01:02:27.520 Yeah.

01:02:27.980 Forty five year technology and bubble cycles and especially super bubbles every 90 years.

01:02:32.640 So we really are repeating that point at that point and a super bubble in the U.S.

01:02:39.060 when everybody was moving to the Midwest and Chicago became New York overnight in 1837 that crashed into 1842.

01:02:45.720 So every 90 years we've seen this.

01:02:48.100 So this is this is nothing to sit through.

01:02:50.580 You have to just be safe.

01:02:52.460 And then if you do that, then you can buy everything on sale a couple of years.

01:02:56.160 All right.

01:02:56.460 Harry Dent is his name.

01:02:57.740 The name of the book is Zero Hour.

01:02:59.760 I urge you to do your own homework and pay attention to the economy because something is something weird that is happening and you're going to have to decide what to do about it.

01:03:14.740 Harry Dent, author of Zero Hour.

01:03:16.580 Thanks very much.

01:03:17.720 The Blaze Radio Network.

01:03:21.920 On demand.

The Glenn Beck Program - September 24, 2019

Best of the Program ｜ Guests： Max Lucado, Bill O'Reilly & Harry Dent ｜ 9⧸24⧸19

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