On today's show, Glenn Beck talks about Joe Biden and the biggest heist that has ever happened in the history of humanity. Also, Bill Weld says Trump should be executed, Max Lucado is here on What Happiness Really Means, and Bill O'Reilly stops by to talk about his new book, The United States of Trump.
00:00:00.000Hey, 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.
00:00:14.220We're going to talk about that. Also, Bill Weld says Trump should be executed, which is an interesting theory.
00:00:20.760Max Lucado is here on what happiness really means. Bill O'Reilly stops by. Today's book, The United States of Trump, comes out.
00:00:28.140We have a great conversation with him. Also, Harry Dent, kind of scary.
00:00:34.060Let's just leave it at this. Run for your life. The economy is collapsing. We'll talk to him about that.
00:00:43.600Swearing off evil, Ricky Gervais, and remember who you are. Great show, all on today's podcast.
00:00:58.140You're listening to the best of the Glenn Beck program.
00:01:03.500OK, 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.
00:01:19.100And 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.
00:01:29.840Look. The Democrats are have gone, I think, gone insane and the Republicans aren't aren't great, but they're at least not insane.
00:01:43.660They've gone nuts and the media is helping them.
00:01:47.580There 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.
00:01:56.780Your cell phone company is one of those. Now, every time you pay your bill, do you realize that you are putting millions of dollars into the hands of Planned Parenthood and La Raza and other groups that you don't agree with at all?
00:02:11.920Stop giving them your money to work against you.
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00:03:36.520Hello, America, and welcome to the program. I I want to talk to you about the lesson I learned with Bill Clinton and Monica Lewinsky.
00:03:49.760The 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.
00:03:54.800And 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.
00:04:06.600And 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.
00:07:39.760That's the worst thing that's been done.
00:07:41.820But isn't that exactly like what Hillary Clinton did with fusion GPS just through a mediary?
00:07:51.600They went to fusion GPS and said, dig up dirt.
00:07:56.040And fusion GPS went to a foreign spy who went to the Russians and dug up dirt on Donald Trump.
00:08:03.780So 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.
00:09:21.460Hope 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.
00:09:34.040That's what the hope and change was that we all voted for.
00:09:38.300It was bigger than Barack Obama, just like race was bigger than Barack Obama.
00:09:44.760It wasn't that we elected Barack Obama because he was black.
00:09:48.760But there was something bigger than Barack Obama, and that was racism in America.
00:15:14.180A lot of things in your car probably have gone kaput.
00:15:17.620If 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.
00:17:17.880He is actually now saying that Donald Trump should be executed for treason.
00:17:26.120To 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.
00:21:07.940And, 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.
00:21:20.260At the same time, he took $1.8 billion from the United States.
00:21:24.700His status in the United States was rescinded, and he was allowed to come to the United States.
00:22:47.900Hey, it's Glenn, and if you like what you hear on the program, you should check out Pat Gray Unleashed.
00:22:53.480His podcast is available wherever you download your favorite podcast.
00:22:56.780Max Lucado is with us on the phone now.
00:23:00.760Max Lucado is a New York Times bestselling author, but we're not going to hold that against him.
00:23:06.940He is a pastor and a good friend of the program and somebody who makes millions of people.
00:23:13.760He 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.
00:23:30.600When 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.
00:24:06.980I'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.
00:24:20.240I 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%.
00:24:29.460But only one in three Americans have enough happiness to generate the wherewithal to check the yes on the happiness box.
00:24:38.140But I think that goes to our suicide rate going through the roof.
00:25:19.780Comparison either creates feelings of superiority or inferiority, neither one of which are healthy.
00:25:28.820And yet it just seems like in this last generation it's really taking its toll on us.
00:25:36.880I will tell you, Max, that I have personal testimony on this.
00:25:42.660I 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.
00:26:02.460I mean, it doesn't even compare to anything that the world can give you.
00:26:09.480And that discovery has come as a result of some influence of others or just personal discovery?
00:26:19.400My 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.
00:26:33.620And 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.
00:27:12.720My kids grew up in the Internet generation, and now people are growing up in the social media generation.
00:27:19.300And 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?
00:27:34.740I 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.
00:27:47.340You've got to convince me I'm unhappy in the hope that I will buy this to make us happy and make me happy.
00:27:54.320And then that doesn't work, and so the whole cycle, you know, it repeats itself.
00:28:00.360And 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.
00:28:18.480I'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.
00:28:43.380And 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.
00:29:00.280By the way, again, thanks for letting me on the program.
00:29:03.140You know, I think that there's so many countercultural passages in the Bible,
00:29:10.560but one that really speaks to this issue is when Jesus said it is better to give than receive.
00:29:17.900And 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.
00:29:26.860In other words, happiness will happen when you give happiness to others.
00:29:31.160So 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.
00:29:56.740And I just challenge people, try this out.
00:29:59.640But you'll find that real happiness happens when you make other people happy.
00:30:05.980And here's just a little person, interpersonal relationship 101 book on how the Bible teaches us to do good for other people.
00:30:17.380So 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.
00:30:32.000I 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.
00:30:42.080Or we are so desperate for a team that will sell our soul for that team.
00:30:51.120Oh, yeah, you're really hitting the nail on the head here.
00:30:54.980Sure, 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.
00:31:13.320And we have to each get on our own little tiny island, and the islands are defined by the opinions that we have.
00:31:24.720And rather than agree to disagree agreeably, we disagree disagreeably.
00:31:33.300And we isolate, and we cluster, and it's getting smaller and smaller.
00:31:38.760I 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.
00:31:50.680I'm surprised how much pushback people give.
00:31:54.280Yeah, but don't you know that show, that guy or that lady, they promote, da-da-da.
00:32:49.460They'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,
00:39:02.100Trump has sought, without evidence, to implicate Biden and his son Hunter in the kind of corruption that has long plagued Ukraine.
00:39:11.220Hunter 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.
00:39:18.480Though the timing raised concerns among anti-corruption advocates, there has been no evidence of wrongdoing by either the former vice president or his son.
00:40:17.220I had another killing book all set to come out this month.
00:40:20.040But we delayed that to get this book out because enough's enough.
00:40:25.280But 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.
00:40:34.940And that's why I thank you, Glenn Beck, for being generous and giving me some time today.
00:40:41.020So I'm shocked to hear that the media won't have you on.
00:40:44.540I actually am because you are a great guest and they love punching you and you like punching back.
00:40:51.760But 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?
00:41:09.460And in the liberal precincts, there is worry.
00:41:13.920There have been so many bogus stories, so many false accusations that the liberal media is now worried.
00:41:40.040Do 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?
00:42:00.760All right. The odds are, heavy odds are, that he did say that.
00:42:14.340And I wrote this on the message of the day if people want to read a little more detail on BillOReilly.com.
00:42:19.500The 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.
00:45:34.360By this time in 2020, people will not know who to trust, what to believe, what's real, what's not.
00:45:42.780Even if they see it in video, they won't know if it's real or not.
00:45:46.080They hear tapes of it, they won't know what's real or not.
00:45:49.140That's what's coming in the next 12 months.
00:45:51.140Here'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.
00:49:49.720Are you concerned at all about what's happening with the banking sector that they say was caused by buying U.S. treasuries?
00:49:58.400And then they also had to pay their taxes on the same week.
00:50:01.620And so the the repo loans that are being given by the Fed and they say they're going to do it now.
00:50:08.740They were only going to do, I think, 50 billion dollars.
00:50:12.260And 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.
00:52:42.320Now, 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.
00:52:52.700And if then they didn't land, boy, then you know something's – but it's definitely troubling.
00:53:40.180We 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.
00:53:56.440It's all not letting you clean out the system.
00:54:05.000Most 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.
00:54:15.380And so emerging markets, emerging countries went on a borrowing spree like we did in 2008.
00:54:22.700So 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.
00:54:36.220This time we had – and then they had an aftershock in 1937 to 40, a second lesser depression.
00:54:44.240What 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.
00:54:52.620They just printed their way out of this.
00:54:54.820They printed money to cover up and to prevent deflation.
00:54:59.500Deflation is occurring, and again, that's what a depression is versus a recession.
00:55:03.680When you see deflation like in the 1930s, and we started to see in 2008 and 2009, you have loans failing.
00:55:10.500That means they get written off or restructured.
00:55:26.860That causes deflation, and that's a sign that you're going through what I call a big detox, that the debt is deleveraging.
00:55:33.800Financial bubbles are coming down to reality.
00:55:36.140The 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.
00:55:50.740And that's been the best gauge of where the stock market should be and the best predictor in the past.
00:55:55.640Well, now the stock market's 114% above that, by far the most overvalued.
00:56:01.780And you know what, as always, companies buying back their own stocks.
00:56:04.860Their 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.
00:56:15.200So no – everyday investors aren't buying the stock market.
00:56:19.220Institutions are actually backing out in the last year.
00:56:27.860Corporations 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.
00:56:39.000And 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%?
00:56:46.140And they're going to say, well, we don't have the money because we blew it in the bubble.
00:56:49.400I've never seen this, Glenn, before, where the dumb money today is the largest corporation's management buying back their own stock.
00:56:58.180And 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.
00:57:13.260And 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.
00:57:21.740No, 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.
00:57:28.360And I'm saying at the latest, this thing blows by early 2021.
00:57:33.740I think it's going to blow right around the corner.
00:57:35.760I think it's going to blow in early 2020.
00:57:39.700It's so bad now, Glenn, that central banks just do anything, print any amount of money, cut taxes, whatever, to keep this going.
00:57:48.440This is just going to be a bubble that goes until it blows.
00:57:51.880And it looks to me it's like we've got maybe one more rally left.
00:57:56.180And 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.
00:58:04.020It's like print a bunch of money and lower rates more aggressively again.
00:58:08.160But 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.
00:58:17.980So what, Harry, does the average person do?
00:58:20.820Don't talk to me about people who have lots of money.
00:58:22.900Talk to me about people who have very little money.
00:58:27.320Well, you know, I tell you, first thing, because real estate is hard.
00:58:30.700If 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.
00:58:42.980You know, you buy a house and then you rent it out and then you hope it keeps going up in this bubble.
00:58:49.020You've got to sell your real estate now because real estate gets illiquid very fast.
00:58:55.900So 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.
00:59:03.140No, sell it now before this crash, because real estate, I think this time my indicator on real estate is very good.
00:59:09.860It was 20 percent overvalued in 2006, the last top.
00:59:24.380Compared to my best indicator for that.
00:59:26.140So I'm expecting up to a 50 percent crash versus 34 percent in real estate.
00:59:30.920Now, 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.
00:59:39.080Rich 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.
00:59:48.800Because 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.
01:00:00.340They're trying to break the new highs.
01:00:01.900And if they can't, it means they're probably going to go down more than they did late last year.
01:00:06.880And that that could be twenty five, thirty percent.
01:00:09.200So this is this is a good time to lighten up on stocks.
01:00:12.040If we see this one more rally that I'm expecting, then you definitely sell that.
01:00:15.900You just you're thinking there's a rally at the thirty three possible.
01:00:20.520Possible yet or my I'm most watching, Glenn, the Nasdaq because that's the lead dog.
01:00:29.500I'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.
01:00:39.580I see it get near a ten thousand Nasdaq.
01:00:42.100That 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?
01:00:50.820He said, I always got out a little early.
01:00:52.640The one of the things, Glenn, I did was I looked at bubbles.
01:00:55.660All I've done is study bubbles the last few years, because we're in we're in the biggest bubble in all history.
01:01:00.480It's global. It's being pushed, coordinated by central banks around the world.
01:01:05.740Bubbles, 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.
01:01:15.300They just haven't started shorting it yet.
01:01:16.920They're already not investing in this market.
01:01:19.620The first crashed averages in the last seven bubbles in the last century, 42 percent in the first two point six months.
01:01:26.380And 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.
01:01:33.240In less than 10 weeks, the market goes down forty nine percent on the way down eighty nine percent in nineteen thirty two.
01:01:41.400But but more than half of it happens right away.
01:01:43.700So people who wait and say, well, you know, wait, it's better to get out a little early.
01:01:49.840I think markets are either going to break up or down in the next few weeks or so.
01:01:55.260If they break up, I would kind of like sell into that rally.
01:01:58.640If 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.
01:02:07.520So 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.
01:02:59.760I 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.