The Glenn Beck Program - Best of the Program ｜ Guests： Rep. Beth Van Duyne & Carol Roth ｜ 10⧸12⧸22

00:00:00.000 All right! What a great program broadcast that we have for you today.

00:00:04.860 It's really more of a show than anything else.

00:00:07.860 Broadcast program show?

00:00:09.420 Yeah, kind of. Broadcast programming show, yeah.

00:00:12.200 So anyway, we've got a great one for you on tap today.

00:00:15.980 One of the biggest races in the Senate we talk about today.

00:00:18.660 Ron Johnson in Wisconsin, who's going up against Mandela Barnes.

00:00:21.780 Kind of a defund the police candidate.

00:00:25.540 Very close race.

00:00:26.440 It's interesting that the first thing Stu brings up is race, isn't it?

00:00:28.860 When did I say anything about race?

00:00:30.660 You said one of the biggest races that's happening.

00:00:33.080 Oh, yeah.

00:00:33.820 I guess I did. 0.94

00:00:34.960 Once again, bringing up, what a racist. 1.00

00:00:38.180 What a racist. 0.99

00:00:39.420 He does it every election season. 0.99

00:00:41.200 I want to talk about race!

00:00:42.700 Anyway, we have that.

00:00:45.220 We also have Carol Roth in today.

00:00:47.640 She's amazing on the economy.

00:00:50.600 I gave her a Titanic scenario.

00:00:53.380 And you'll have to hear how she responded to it.

00:00:56.600 All that.

00:00:57.300 Oh, and the gig economy.

00:00:59.300 Yeah, the Labor Department has decided, eh, we're not going to do that.

00:01:02.940 We're not going to do that.

00:01:04.260 Oh, good.

00:01:04.900 Good.

00:01:05.660 All this and more on today's podcast.

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00:02:08.860 Here's the podcast.

00:02:17.580 You're listening to The Best of the Glenn Beck Program.

00:02:21.520 So yesterday, if you remember, my head was going to explode because why are we allowing California to dictate everything to the rest of the nation?

00:02:36.580 OK, remember?

00:02:37.860 Like, let them stand on their head.

00:02:39.400 They want to do that.

00:02:40.580 Fine.

00:02:40.880 Let them feel the full consequence.

00:02:42.700 Why are they dragging us along with it?

00:02:44.860 OK.

00:02:45.820 Yeah.

00:02:46.240 Today, my question is this.

00:02:50.140 Why do we keep listening to the same people who got us into this situation?

00:02:54.820 Why are we listening to them?

00:02:56.100 Here's Janet Yellen from yesterday on our economy.

00:03:01.300 We still see the impact of COVID in China and the slowdown in Chinese growth and with high inflation and tightening monetary policy in many advanced countries.

00:03:16.420 Yeah.

00:03:17.040 Emerging markets from really all of these factors are suffering many stresses.

00:03:23.260 So there's a lot to talk about.

00:03:25.080 But from the perspective of the United States, I think the United States is doing very well.

00:03:30.560 Wow.

00:03:31.480 We're doing very well.

00:03:33.020 Other countries have high inflation, tight money.

00:03:37.380 Their central banks are tightening the money supply, which is driving interest rates up.

00:03:43.000 And they're having supply problems.

00:03:45.680 But us?

00:03:46.980 No, I think we're doing really.

00:03:48.760 Why are we listening to her?

00:03:50.920 Why are we listening?

00:03:52.900 Now, let's go to the genius that's actually behind the wheel driving this car over the cliff, our president.

00:04:02.220 What does he think about what's coming economically?

00:04:05.860 Should the American people prepare for a recession?

00:04:08.420 No.

00:04:09.000 Look, they've been saying this now.

00:04:10.660 Every six months, they say this.

00:04:12.840 Every six months, they look down.

00:04:14.320 The next six months and see what's going to happen.

00:04:16.400 It hadn't happened yet.

00:04:17.540 There is no guarantee that they're going to be a recession.

00:04:23.560 I don't think there will be a recession.

00:04:25.160 If there is, there will be a very slight recession.

00:04:27.140 That is, we'll move down slightly.

00:04:30.160 Okay.

00:04:30.700 All right.

00:04:31.200 Now, maybe, perhaps, I want to give him the benefit of the doubt.

00:04:33.500 Maybe, because there is one industry that has just, I mean, has made so much money, hand over fist.

00:04:44.000 It is such a growing industry that maybe he's thinking, well, you know, GDP is affected by the fentanyl and human trafficking industry.

00:04:54.940 Jobs are, I mean, it's not hard to find a job there.

00:04:57.900 You're willing to human traffic people because of the border?

00:05:00.780 Hooker, don't worry. 1.00

00:05:02.220 If you're an Eastern European hooker, his son has really helped keep that economy going. 1.00

00:05:06.800 Right, right, right. 0.88

00:05:07.920 But just because this, according to Department of Homeland Security, just because of what we've done on the border, there has only been a 500% increase in human smuggling.

00:05:17.780 So, you know.

00:05:19.540 Increase.

00:05:20.020 That's good, right?

00:05:20.600 Yeah, that's good.

00:05:21.560 I mean, up, up, up.

00:05:22.540 America is really doing really.

00:05:24.300 We're number one.

00:05:24.580 Now, I want to talk about those other countries that are having some problems, you know, with loans becoming more expensive, threatening jobs, trouble with their oil and gas prices, high interest rates and high inflation.

00:05:42.600 Unlike us.

00:05:43.580 Unlike us.

00:05:44.080 We're good.

00:05:45.580 But let me talk about those countries.

00:05:46.580 Top diplomat in the European Union ambassador's annual conference said that Europe has been decoupled due to multiple black swan events.

00:05:59.040 It says it can no longer count on Russia for cheap gas and oil.

00:06:04.080 China, they were depending on cheap goods.

00:06:07.040 And the United States, they've depended on the United States for security.

00:06:11.580 And now they've lost all three.

00:06:13.040 And, you know, now they're going to have to completely reimagine, completely reimagine how Europe is put together because it's broken and they're not going to be able to do anything about it.

00:06:25.940 They just have to reimagine how everything works.

00:06:32.080 And they're looking now at an era of volatility, which is great.

00:06:36.240 But, you know, the thing I really liked is he said, you know, United States and Europe had a fantastic relationship and we were cooperating a lot.

00:06:46.900 And that situation might change now.

00:06:49.420 But I mean, I I'm quoting.

00:06:51.700 But I urge you to think what would have happened if instead of Joe Biden sort of happened with Donald Trump or someone like him in the White House.

00:06:59.960 It wouldn't happen with him in the White House.

00:07:06.220 He was warning you of these things and you laughed at him.

00:07:11.580 But don't worry about it, because we are fine, according to Janet.

00:07:16.160 We're doing really.

00:07:17.080 I think we're on the upswing.

00:07:18.300 We're doing really, really well now.

00:07:21.680 Let's see.

00:07:22.380 I just want to count the enemies here.

00:07:23.800 We're we're we're we're in a proxy war with Russia, right?

00:07:29.240 We're we're fighting with Ukraine, which I think we're really all we're doing is laundering money through Ukraine. 0.97

00:07:38.340 We haven't made China too happy lately.

00:07:43.440 But we also have had a very long ally, Saudi Arabia, which I don't want to be tied to. 1.00

00:07:50.680 Donald Trump was fixing that.

00:07:52.100 But then our our president, he got a little spicy with the with the sultan or the prince over there and and said, you know, this guy's a thug and a criminal and he has no place at the table and I'm going to take care of him when I get in.

00:08:09.940 So now the the president went over and he said, hey, can you guys maybe up the you know, and they agreed as he left, they agreed to 200,000 barrels, which is nothing.

00:08:25.040 200,000 barrels.

00:08:26.080 And then the White House wrote a missive to the prince and said, you just broke your word to the president.

00:08:35.520 What are you doing?

00:08:36.080 You said 200.

00:08:36.920 Now you're going to reduce it to 100.

00:08:39.380 And that kind of pissed the prince off.

00:08:41.980 And so he's like, yeah, you know what?

00:08:44.660 I'm going to reduce it even more than that.

00:08:46.560 OK, so they went the people who were there at the meeting said that he was asking for oil and he was asking, you know, just can you just boost it up a bit?

00:08:57.760 What's better is he was saying, and if you have to cut it, can you wait until after the election?

00:09:03.480 That way he could, you know, convince everybody that we're on the move, everything's good and your gas prices are down and then OPEC could lower the production of oil.

00:09:15.700 And then after you've made a decision on which side you trust to tell you the truth and to help you along, then after the election, then he could say, oh, my gosh, look at what these evil, evil Saudis are doing. 1.00

00:09:28.340 OK, now, the president has come out and said we never even talked about oil.

00:09:34.640 Really?

00:09:35.280 You didn't?

00:09:36.220 You didn't?

00:09:36.860 Really?

00:09:37.580 Huh.

00:09:38.120 That's weird because everybody who was in the meeting says you talked about oil.

00:09:41.740 But no, no, no, he didn't.

00:09:43.660 And he also says ridiculous that I said we were going to reevaluate our relationship if they didn't cut the oil.

00:09:50.100 Except, you know, after they cut the oil, the president was on TV that very day saying, I think we need to reevaluate our relationship.

00:10:01.620 So this is really good.

00:10:03.660 Biden has now warned of consequences for Saudi Arabia.

00:10:09.120 He vowed to hold Saudi Arabia accountable. 0.88

00:10:11.860 He said, I'm not going to get into what I consider and what I have in mind, but there will be consequences.

00:10:20.540 Good.

00:10:21.140 OK.

00:10:21.720 All right.

00:10:22.420 OK.

00:10:23.460 All right.

00:10:23.980 Well, you know, why not?

00:10:26.400 Why not throw that log on the fire?

00:10:28.380 Oh, by the way, the other reason Saudi Arabia is so pissed at us because of Joe Biden is because he's making a deal with their mortal enemy, Iran. 0.72

00:10:37.860 So we got that going for us.

00:10:40.680 So let's pick another fight there.

00:10:43.100 Oh, oh, oh, here's another fight we just picked, too.

00:10:46.120 You're going to love this one.

00:10:48.080 We have decided to stop all exports of our chips to China.

00:10:57.100 Yeah, yeah, yeah.

00:10:58.320 So the U.S. Department of Commerce introduced sweeping rules aimed at cutting China off from obtaining or manufacturing key chips and components for supercomputers.

00:11:09.700 This is quoting is seen as a huge escalation, huge escalation in the tensions between Beijing and Washington.

00:11:18.560 America argues that such advanced semiconductors can be used by China for advanced military capabilities.

00:11:24.760 Don't you think so?

00:11:26.060 So. Quoting the co-founder of the Center for Innovating the Future, there is no going back to the way things were with the latest action.

00:11:36.580 The chasm between the United States and China has now expanded to the point of no return.

00:11:43.000 This is great.

00:11:44.700 So by cutting off the chips, which I'm not arguing that they shouldn't have, we shouldn't be sending them stuff.

00:11:52.020 But right now, you know, might be kind of a dicey time to do it.

00:11:59.320 Now we're forcing them to have to take Taiwan because Taiwan is the maker of all of the most sophisticated chips.

00:12:09.100 In fact, I think they make 80 percent of the chips.

00:12:13.700 So that's going to be really good if they march into Taiwan, because then guess who doesn't have any computer chips?

00:12:21.460 Yeah, us.

00:12:23.820 Oh, this is good.

00:12:25.460 Oh, by the way, last night also, Biden doubled down on the warning of nuclear Armageddon.

00:12:31.800 Yesterday, he said it again, you know, I don't think Putin will use a nuclear weapon, but I mean, it could be nuclear Armageddon if he does.

00:12:48.820 Oh, OK, that that makes that makes it that makes it much more acceptable and and and soothing really to hear that news.

00:12:58.100 Oh, and they also announced yesterday that NATO is going to hold a nuclear deterrence exercise.

00:13:05.780 Now, this is great.

00:13:07.420 Have you ever heard of Operation Able Archer?

00:13:10.840 This is a great story.

00:13:12.660 Don't worry, it's in our past.

00:13:14.220 Able Archer was something that we did every year, you know, right there on the border of Russia.

00:13:20.440 We did it with NATO.

00:13:23.020 It was a NATO nuclear deterrence test.

00:13:28.020 And I'm going to take you way, way back to 1983, because what we did, we held this annual every year.

00:13:38.200 We did it annual exercise and we had 100,000 personnel over there, 16,000 of which were flown in from the United States.

00:13:49.160 And the X or the exercise was to simulate what are you going to do if somebody launches a nuke?

00:13:55.400 Now, the Soviet Union knew this was just an exercise that we did every year.

00:14:01.700 But Reagan had been a little spicy, calling them a terrorist organization, saying that they were an evil empire.

00:14:11.860 And so they no longer trusted the United States at all because they knew Ronald Reagan wanted them to collapse.

00:14:21.100 So what they did is they they had these new things called computers and these computer programs who started to track, you know, they were there in Russia and they were very sophisticated.

00:14:39.040 Russia had only the best computers and the best software programmers. 0.62

00:14:42.780 And and so as they were doing this, what happened was it looked like we had launched a bunch of missiles on their computers and they were convinced we launched a bunch of missiles.

00:15:01.560 It wasn't just the computer.

00:15:03.440 And they had during the whole operation, they had all of their planes out with 10 minute warnings and they had loaded all of their missiles.

00:15:13.980 They had also taken all of their missiles out of the protected shelters, opened up the blast doors.

00:15:20.740 They were ready to launch.

00:15:23.280 If it wasn't for the little red phone, hey, call me.

00:15:29.440 We probably all would have been vaporized.

00:15:33.440 But that has that maneuver, you know, the where they're where they're just trying to just have a military X, you know, exercise, you know, that that is just to see what we would do if the Soviet Union would launch a nuclear deterrent.

00:15:52.120 You know, what would our deterrent be?

00:15:53.360 What do we do?

00:15:54.500 You know, NATO got together.

00:15:55.900 We did it every year.

00:15:56.840 We haven't done in a long time.

00:15:57.900 But NATO has decided with the United States now is the time to try that again, you know, because the trust is so high. 0.76

00:16:07.240 These people are going to get us killed.

00:16:15.980 Ever been in a situation like, I don't know, you're.

00:16:21.780 You're driving with an incredible alcohol and he's like, no, I got it.

00:16:28.320 And he's swerving all around the road and you're like, oh, God, we're going to die.

00:16:32.000 But, no, it's fine.

00:16:33.900 I drive all the time.

00:16:36.080 And I'm drunk.

00:16:38.120 Okay.

00:16:39.040 That's when somebody says, stop the car.

00:16:43.580 No, what are you talking about?

00:16:44.680 We're almost home.

00:16:46.160 20 minutes will be there.

00:16:47.680 Stop the car.

00:16:49.260 I'm either driving or I'm getting out.

00:16:52.640 I wish we could get out.

00:16:54.480 But we can't.

00:16:55.360 What we can do is elect a new driver, you know, one that shouldn't have his license taken away.

00:17:04.380 What do you say we do that, kids, in just a few weeks?

00:17:08.600 Hmm? 0.99

00:17:09.440 We vote because all of his drunk friends are in the car, too, going, hey, shut up. 1.00

00:17:15.160 He's fine. 0.99

00:17:16.240 He's totally fine.

00:17:17.400 Aren't you questioning?

00:17:18.340 Do you see what's happening?

00:17:19.480 He's totally fine.

00:17:21.040 Leave him alone.

00:17:21.900 Let's get the friends out of the car.

00:17:24.020 So then we can actually talk to the driver and see, hey, can you walk a straight line, dude? 0.61

00:17:30.600 Because you're going to get us all killed.

00:17:36.840 This is the best of the Glenn Beck program.

00:17:46.120 Welcome, Congresswoman Beth Van Dyne.

00:17:48.780 How are you?

00:17:49.340 I'm good.

00:17:50.000 Good to see you.

00:17:50.920 It's good to see you, too.

00:17:51.800 You know, I was singing about you the other day, and I thought, she doesn't call, she doesn't write, but we'll always have clock, boy.

00:17:58.200 Oh.

00:17:58.680 Always have clock, boy.

00:17:59.440 You're right down the street.

00:18:00.540 I can come by any time when I'm home.

00:18:01.940 I know, I know.

00:18:03.080 How are you?

00:18:03.780 I'm good.

00:18:04.320 I'm good.

00:18:04.880 You know, it's been 20 months now since I've been in office.

00:18:08.620 And I think it's probably the most unique freshman experience ever.

00:18:12.040 I got sworn in January 3rd, right?

00:18:13.960 Then we had January 6th happen.

00:18:15.540 Then we had impeachment vote after that.

00:18:18.620 We were in a time of COVID where we were separated, you know, physical distance.

00:18:23.540 And then we all had to wear masks.

00:18:26.000 It has been a divisive time in Congress as well as the rest of the country.

00:18:30.120 But it's been a while, 20 months.

00:18:31.460 You know, I was watching Parliament the other day because I'm a complete geek.

00:18:35.360 And I'm watching Parliament and they're like, order, order.

00:18:38.980 And they're just yelling at each other.

00:18:40.820 And I used to hate that.

00:18:43.100 But I watched it this time and I thought, at least they're debating.

00:18:48.420 Yeah.

00:18:48.880 I don't ever see anything where the chamber is full and you're actually debating stuff.

00:18:56.860 It's usually just somebody standing in front of a chart giving a speech to no one in the chamber.

00:19:02.600 Is that accurate?

00:19:03.540 That is absolutely accurate.

00:19:04.820 And, you know, I don't know how much of this is COVID related because I've got members on the other side of the aisle who have not been there since COVID started.

00:19:13.700 So we have been voting by proxy.

00:19:16.000 We have been having committee votes.

00:19:18.040 We have been having committee meetings by Zoom.

00:19:20.840 And they just haven't.

00:19:22.180 They have their offices closed.

00:19:23.520 Their staff doesn't come in.

00:19:25.220 They don't meet with folks in D.C.

00:19:28.000 You know, when they have their constituents come to D.C., they're not there.

00:19:32.220 Wow.

00:19:32.620 So how bad is the disconnect between what you hear from constituents?

00:19:40.940 Yeah.

00:19:41.580 And what you hear from the political people in Washington, D.C.?

00:19:46.280 It is really disconnected.

00:19:48.060 When I am in the district, we've had over 100 roundtables and business tours.

00:19:52.340 We've gone out.

00:19:53.020 I mean, that's been my job is to go out and find out what people here want me to be saying in D.C., how they want to be represented, what their priorities concerns and their issues and what scares them.

00:20:04.720 And what they want me to do about it.

00:20:06.460 That's why they want me there.

00:20:07.840 Right.

00:20:08.020 And that's why Congress has such a short period.

00:20:11.180 You're running pretty much all the time.

00:20:13.460 Every two years.

00:20:13.720 All the time.

00:20:13.980 Because you've got two years.

00:20:16.060 Your term is two years.

00:20:17.220 You're in and out.

00:20:18.480 And that was made by our founders.

00:20:21.520 On purpose.

00:20:21.960 On purpose.

00:20:22.600 To make sure you stay connected with your constituents.

00:20:25.160 Exactly right.

00:20:25.680 What I'm hearing is, you know, economy, number one, people are really upset that their paychecks are so much smaller now.

00:20:33.580 They might be getting more per hour more.

00:20:36.820 But when we look at and take into account inflation, you know, if you do the math, 8.3 percent, which let's face it, it's higher than that.

00:20:43.480 But let's just go with 8.3 percent.

00:20:45.420 Right.

00:20:45.980 You know, for argument's sake.

00:20:47.700 But 8.3 percent is basically like taking an entire month's paycheck and burning it.

00:20:52.600 When you do the math and you think about that.

00:20:54.120 So everybody is taking one paycheck.

00:20:56.660 Democrats have basically burned from everybody's wallet.

00:21:00.940 They're affected by that.

00:21:02.280 When you start looking at gas prices, which or let's face it, I know that the Biden administration keeps wanting to blame, you know, the Russian war in Ukraine.

00:21:10.420 And now they're blaming the Saudis.

00:21:11.520 Every month it was going up ever since this president took office.

00:21:15.560 And it's because of his policies.

00:21:17.720 Inflation is because of their lack of fiduciary responsibility.

00:21:21.240 But again, their policies.

00:21:22.620 He's spending, like crazy people, trillions and trillions of dollars more than any other administration has ever spent in the first 20 months.

00:21:29.980 More debt than we've ever accumulated in our country's history.

00:21:33.900 That's what people are talking about.

00:21:35.380 They're upset about things like not having baby formula on the shelves.

00:21:40.100 Still, still, still.

00:21:42.500 Yeah.

00:21:42.940 There's upset really about the border.

00:21:44.840 I mean, we're in Texas.

00:21:46.460 You think about the border crime that we've got going down there.

00:21:49.460 You think about the millions and millions of people that have entered our country illegally and how that affects our communities.

00:21:55.120 The fentanyl that this this administration does not even have a plan, won't even admit that there's a problem.

00:22:00.700 That is what people at home are talking about.

00:22:02.880 It is incredible to me that human trafficking is now a billion dollar industry on our border.

00:22:13.200 And nobody seems to care.

00:22:15.720 They said that it's gone from a mom and pop.

00:22:17.720 When you talk to the people who are down the border, they said it's gone from a mom and pop operation to now like Coca-Cola.

00:22:22.320 That it is that organized, it is that wide and expansive, and they're making billions of dollars.

00:22:31.680 So what are the people in Washington?

00:22:34.160 Do they really think, the Democrats, that they've got a winning message, or do they know they're in trouble?

00:22:45.240 So when you talk to folks one-on-one when the cameras aren't on, Democrats will admit that they're in trouble.

00:22:51.760 That they will admit that fiscally, that Biden has not been exactly what you'd consider responsible, and that people in their district are talking about it.

00:23:01.880 They will admit that.

00:23:03.180 Not everybody will admit that.

00:23:05.080 But, you know, and they won't admit that publicly.

00:23:08.140 But yes, they are hearing from their constituents just like we're hearing from ours.

00:23:13.300 And the arguments are the same.

00:23:15.080 But then they say that, and then you look at the board at the end of a vote, and you're like, every Democrat voted yes to spending more money, to being more fiscally irresponsible, to sending billions of dollars outside of our country, to hiring, you know, 87,000 IRS agents, but ignoring that we even have a border problem.

00:23:36.380 So there's one thing that they'll say, but there's something else that they vote.

00:23:40.520 And that's the most frustrating part.

00:23:42.260 Because you know, some of these folks, I'm going to give them credit, some of these folks really are smart when you talk to them, and you just shake your head at their votes.

00:23:49.860 Because it doesn't reflect in their votes that they've got, you know, a brain cell.

00:23:52.800 What do people in the district, when you're talking to the average person, what do they think about war and Putin and all of that?

00:24:04.680 You know, this is something that Republicans had been warning for over a year, ever since our botched withdrawal from Afghanistan, right?

00:24:14.880 When we started talking about the lack of leadership there, how when you're allowing terrorists to basically control your foreign policy, what message that was sending out.

00:24:26.480 We said exactly what was going to happen.

00:24:29.000 You are empowering folks in Russia.

00:24:32.400 You are empowering, you know, the government in China.

00:24:38.340 So when Russia went and actually, you know, Putin went into Ukraine, I don't think it shocked many people.

00:24:44.340 We knew that that was going to happen.

00:24:46.840 China going into Taiwan will probably be next. 0.94

00:24:49.760 Again, it is our foreign policy that dictates that.

00:24:53.260 It's not only our foreign policy.

00:24:54.560 It is the fact that this is the worst track record.

00:25:01.860 And I mean this sincerely.

00:25:04.200 This is not hyperbole.

00:25:05.400 I'm not just throwing them out of the box.

00:25:06.680 This is sincere.

00:25:07.540 I challenge anyone to show me somebody who has made more mistakes, quote unquote, more mistakes than this guy and this administration.

00:25:19.740 Everything they have done works to the disadvantage of America.

00:25:25.460 And I'm, you know, you quickly get to the point to where you're like, no one can, the odds of being wrong and have it work.

00:25:35.120 A hundred percent of the time.

00:25:36.260 Right.

00:25:36.540 A hundred percent of the time.

00:25:37.560 Not in our favor.

00:25:38.500 It just doesn't have, the odds are too astronomical.

00:25:41.640 Well, it depends what your goal is.

00:25:42.840 Correct.

00:25:43.760 And, you know, are you wrong a hundred percent of the time?

00:25:46.120 It depends what the goal is.

00:25:47.800 You know, and I would argue that what's happening at the border, they're turning a blind eye because they don't want to actually have to face that exactly what they wanted to happen is happening.

00:25:56.100 They don't want to have to admit that if they go down there and they talk to people who work there.

00:25:59.300 But we have had millions of people enter this country illegally.

00:26:01.740 We have had, you know, a Democrat party who's wanting to have their own rule for votes on opening that voting rules up for the entire country with H.R.1, where they wanted to have people who entered our country illegally be able to vote. 0.89

00:26:18.760 They wanted to be able to have people who are 16 vote.

00:26:21.000 They wanted to not have voter ID.

00:26:23.400 So you think about that plan and you can start easily thinking, well, maybe their goal is to have millions of people come into this country illegally because they're hoping that they're going to vote for them and change the way that our country looks. 0.95

00:26:35.420 You were just in Asia, were you not?

00:26:38.720 What are they saying about this?

00:26:40.840 This is the scary part.

00:26:42.300 You know, I know that I go home and I talk to my constituents and they don't like what they see.

00:26:46.520 But it's not just at home.

00:26:47.940 I was in South Korea for a week.

00:26:50.760 I came home and then I was in Cambodia and Singapore.

00:26:54.400 All of these countries are drastically different from one another.

00:26:58.180 But they all had the same message.

00:27:00.280 The U.S. right now is void.

00:27:02.200 And where there's a void of leadership, China is more than happy to be filling that void.

00:27:06.500 And they are doing that every single day.

00:27:10.300 When you think about the rare earth minerals that they have rights to around the world, 75 percent of our earth's rare minerals and our policies.

00:27:19.300 I believe we have a lot of them up in Alaska, but you'll never get anybody to open those up.

00:27:25.800 Possibly.

00:27:26.400 Yeah.

00:27:26.620 Potentially.

00:27:26.980 You know, the more that we rely on electric vehicles where those minerals, cobalt, lithium, nickel, are controlled by China.

00:27:37.540 And that's where the Democrats seem to be pushing our future.

00:27:41.680 And whose benefit are those policies working?

00:27:44.800 It's not U.S. 0.96

00:27:45.720 So we're back in studio with a congresswoman who I just love.

00:27:50.680 She has been in the fight.

00:27:52.840 You were the mayor of this town when I first moved here, right?

00:27:57.240 2011 to 2017.

00:27:59.180 And you have been in knockdown, drag out fights for really important things, even as mayor.

00:28:06.720 I didn't know how you did it.

00:28:08.180 So I'm glad you're in Congress.

00:28:09.960 You helped.

00:28:11.100 So, Beth, tell me, can they make a difference?

00:28:16.660 And will the Republicans do anything?

00:28:21.080 You know, you're part of a team.

00:28:22.220 So I will play my individual part, my independent part, which is I will continue to fight.

00:28:30.740 I will continue to do – say what I'm going to do and then do what I say.

00:28:34.240 We have worked in the last 20 months.

00:28:36.460 Republicans have worked on this commitment to America.

00:28:39.060 When I was out –

00:28:39.420 And this was Kevin McCarthy's –

00:28:41.720 So, yes.

00:28:42.920 He announced it.

00:28:43.740 So Kevin McCarthy, we were all in – well, there's about 30 of us that were in Pittsburgh

00:28:47.880 a couple of weeks ago when he came out with a commitment.

00:28:50.360 When I was in South Korea, I had lunch with Newt Gingrich.

00:28:54.460 And he talked about the contract to America and how you need to tell the people what you

00:28:58.240 stand for.

00:28:58.700 It's one thing in the last 20 months, it seems we've been fighting against what we've seen.

00:29:02.940 But it's not good enough to just say you're going to fight.

00:29:05.120 You also have to say this is what we're going to do.

00:29:07.440 And so the commitment to America was basically these are our priorities.

00:29:10.760 So our priorities are America's priorities.

00:29:13.100 We're looking at safety, what we've seen with crime.

00:29:15.360 We've looked at what's going on at the border.

00:29:17.200 We looked at accountability in government, the fact that we still have proxy voting.

00:29:20.760 We're not getting together.

00:29:21.580 We're not debating as a Congress.

00:29:23.660 You've got Congress who are able to buy with insider information, stock trades.

00:29:27.840 So holding those folks accountable, looking at our future, seeing over the last several

00:29:32.620 years, how much freedoms that we have given up, making sure that we are looking at holding

00:29:37.460 on to those freedoms, but also how much money we're spending.

00:29:40.840 Are we going to have a future that is free?

00:29:43.640 Are we going to have a future that our kids, our grandkids, our great grandkids are going

00:29:47.100 to be constantly paying down debt?

00:29:48.760 And then also looking at the economy.

00:29:50.460 The fourth part of that is looking at the economy and making sure that we are fighting

00:29:54.620 inflation.

00:29:55.500 We are looking at policies that when you throw trillions of dollars into a system, don't be

00:30:00.500 shocked when inflation goes up, but making sure that we're protecting that economy and

00:30:05.320 not demonizing our American businesses.

00:30:07.720 So you're watching what's happening with the banking sector right now.

00:30:11.380 They are freaking out.

00:30:13.320 They're freaking out.

00:30:13.720 They weren't freaking out before 2008.

00:30:15.760 They were like, no, no problem here.

00:30:17.340 And like, really?

00:30:18.900 They're freaking out and warning really bad things.

00:30:21.600 They're trying to get the Fed to stop tightening.

00:30:25.200 They're trying to get the Fed to start printing more money.

00:30:28.040 Um, and, uh, I have a feeling that's what we're going to get, um, because you're either

00:30:34.220 going to stop the heart of the economy, uh, trying to pull all of this back in, or you're

00:30:39.780 going to keep printing.

00:30:41.380 And then we just die through, you know, hyperinflation eventually.

00:30:45.520 Do you believe we can pull this back together?

00:30:49.140 I mean, that's a trick that's never been done before.

00:30:51.920 I think in 2008, it was easy to identify what had led up to that.

00:30:54.860 I think looking at the, um, the last couple of years under COVID, all of the restrictions,

00:31:00.220 how we pulled back, we did exactly a number of cases, exactly what we should not have done.

00:31:05.340 The opposite of what we should have done.

00:31:06.900 We're now filling those ramifications.

00:31:08.460 And by the way, those ramifications, especially in school kids, we're going to be filling for

00:31:11.620 years.

00:31:12.000 I believe we can get back there.

00:31:13.420 I really do.

00:31:14.060 We've seen what happens with one party rule for two years.

00:31:16.980 It has been a disaster for the country.

00:31:18.840 I think we can walk and chew gum.

00:31:20.320 I think we're going to have to govern and governing on those, those four major principles that

00:31:24.760 we just talked about, but also having investigations is going to be important.

00:31:28.040 Are you, are you going to reign in the, the power of the presidency far as, I mean, he's just

00:31:35.100 doing edicts.

00:31:36.500 If you guys have power and you won't pass anything that he wants, he'll just.

00:31:40.860 It's not just the president, but it's also the president's cabinet.

00:31:42.880 And, you know, we have, we have said from day one on, uh, Mayorkas has got to go.

00:31:48.420 Okay.

00:31:48.720 Mayorkas is part of the problem. 1.00

00:31:49.920 There's, there's no doubt in my mind that the man needs to be impeached.

00:31:53.280 So looking at the cabinet members and making sure that, that if we have the Senate, that's

00:31:57.700 going to be responsible for who those folks are, that we are, we have people who will actually

00:32:03.480 be up for the job.

00:32:04.280 It's one thing to have the president be what MIA let's, let's just be nice and say he's

00:32:10.420 MIA and a vice president who's MIA, but making sure that you've got cabinet members, but

00:32:15.260 also making sure that you're going after those, those irregularities, those, um, things that

00:32:19.880 have happened in the past illegal that need to be addressed.

00:32:22.760 You need to make sure that people understand that people are going to be held accountable.

00:32:26.640 Amen.

00:32:27.140 I hope that is the Biden family and Fauci, uh, would be included in that.

00:32:32.140 Um, how do people get involved in your campaign if they want to help?

00:32:35.420 I'd love for them to go to, um, bethfortexas.com.

00:32:38.180 Um, we're, we're running every day.

00:32:39.820 We're also trying to help a bunch of other people across the country to make sure that

00:32:42.720 we take back our country and we make, make sure that we take back the majority. 1.00

00:32:45.560 So we've got a lot of great candidates that are out there.

00:32:48.080 Myra Flores, Esther Joy King, Jen Kiggins.

00:32:51.540 Um, these are, Jennifer Ruth Green is phenomenal.

00:32:54.460 Help these people put, come over the, the, the, the finish line.

00:32:58.980 Bethfortexas.com.

00:33:00.740 Bethfortexas.com.

00:33:02.220 As always, great to see you.

00:33:03.800 Great to see you too.

00:33:04.480 Keep up the fight.

00:33:05.520 Thank you.

00:33:05.880 God bless.

00:33:09.820 You're listening to the best of the Glenn Beck program.

00:33:20.280 Carol Roth is, uh, in town.

00:33:22.440 We have a kind of a financial kind of meeting or something today, and you're in town for that.

00:33:28.200 And, uh, welcome as always, Carol.

00:33:30.480 Thanks.

00:33:30.860 It's fun to be in studio with you.

00:33:32.760 So, Carol, I just said to Senator Johnson from Wisconsin that I feel like we're on the

00:33:43.220 Titanic and now we've hit the iceberg at full speed and I'm looking for a band to stop playing

00:33:56.080 so people can go, oh, wait, what just happened?

00:34:01.040 And it's time to get into the lifeboats because this thing's, we, we got, we got to save what

00:34:07.180 we can and the people we can because we're going to have a lot of rebuilding to do.

00:34:11.200 Yeah.

00:34:11.640 And it's the people who put us on course to hit the iceberg.

00:34:16.200 Wait, wait, wait.

00:34:16.700 You don't, you don't, you don't agree with my analogy, do you?

00:34:19.600 No, I do agree.

00:34:21.580 I'm very, very sorry.

00:34:23.440 I know, I know, I know you want me to, to look, to tell you that everything is going

00:34:28.600 to be okay.

00:34:29.340 We're going to be, we're going to be on a mega yacht instead of the Titanic.

00:34:34.440 And it's just, it's just not the case, but it, it is these people who said, oh, that iceberg

00:34:41.040 isn't there.

00:34:42.020 No, we, we can totally maneuver our way around it.

00:34:45.280 These are the people who said, no, no.

00:34:47.320 Okay.

00:34:47.780 Yeah.

00:34:48.040 Okay.

00:34:48.560 So it was there and maybe we hit it, but you know, that, that was some other reason we

00:34:52.560 didn't, you know, it wasn't actually there when we saw it.

00:34:54.820 But now we've got all of these great ideas on how to fix the economy.

00:34:58.500 Oh my gosh.

00:34:58.900 And none of them are good ideas.

00:35:00.380 Let me ask you this.

00:35:01.300 If let's say you're the head of the treasury or you're the head of the fed.

00:35:06.040 Lord help everyone.

00:35:07.540 But yes.

00:35:07.940 Yeah.

00:35:08.300 I think we'd be better off.

00:35:09.740 I think we'd be better off.

00:35:10.740 Oh, you would.

00:35:11.280 Even if it was just me, you know what I mean? 0.99

00:35:15.280 You'd be like, yeah, well, better than these clowns. 0.98

00:35:17.420 Some guy off the street. 0.98

00:35:18.940 Yeah.

00:35:18.980 Anybody off the street.

00:35:20.680 You don't know what your name is.

00:35:22.800 Come here.

00:35:23.280 You're now the head of the fed.

00:35:26.100 Let me, if you were the head of the fed.

00:35:28.560 And this is the iceberg part.

00:35:32.480 How do you stop this from going down?

00:35:35.240 Aren't because you have to raise interest rates.

00:35:39.720 Traditionally to pull money back in, but these interest rates would have to be 30% easy.

00:35:46.200 Would don't you agree to pull this kind of money back in?

00:35:49.120 We were at 20 and Jimmy Carter.

00:35:50.640 Yeah, we'll get to that in a second.

00:35:52.500 So first of all, if I were fed chair, I'd blow up the entire fed powers.

00:35:56.760 And I say, we're going to, we're going to put myself out of a job at some point in time.

00:36:01.380 But in terms of the, the problem at hand.

00:36:04.720 So wait, wait, let me give this.

00:36:05.920 So the audience understands. 1.00

00:36:07.880 To suck. 0.99

00:36:08.660 Inflation goes down when you suck money back out of the system. 0.99

00:36:12.240 That's the theory.

00:36:13.240 And that's the way it's always worked.

00:36:15.080 Hang on.

00:36:15.600 And I know what you're thinking.

00:36:16.740 And the other problem is you can only make interest rates go so high before it sucks the money out that is needed to run the economy.

00:36:28.000 So half the country is saying, we've got to have our interest rate.

00:36:32.000 Other half of the country is saying, no, we've got to lower the interest rates.

00:36:36.060 I don't know what to do, except just freeze.

00:36:38.800 So let me put this in layman's terms.

00:36:40.740 You're talking about this battle between inflation and putting us into a very deep recession.

00:36:47.960 Not that we're not already in a recession, which some of the people like to pretend that we're not, but a very deep recession.

00:36:53.660 And those two things are at odds with each other.

00:36:56.080 Borderline depression.

00:36:57.300 I mean, depression really is kind of defined by the unemployment being very, very high.

00:37:02.420 Right.

00:37:02.780 And duration, right?

00:37:04.560 The length of how deep and how long this goes.

00:37:07.900 But there's another factor in here, which is because we are the world reserve currency, it's something called the Triffin dilemma.

00:37:16.120 So not only domestically are we at odds, inflation versus recession, but from a global standpoint, you're at odds.

00:37:25.200 Do you make decisions for the benefit of the U.S., which I'm not sure that we can, but let's just pretend that maybe we can.

00:37:33.160 Or for the world, because the world is on the precipice of a massive global recession that could cause all kinds of reverberations here.

00:37:42.700 So this is the massive puzzle that these central planners, again, have created because they thought like, oh, we can figure this out.

00:37:51.480 But they don't realize they aren't smart enough to figure out all these moving parts.

00:37:55.520 So as Fed chair, I need to slow the Titanic down so that we can get people, as we talked about offline, into the light boats versus not crashing into the iceberg because that's just not possible at this point in time.

00:38:09.620 It's not possible to save the Titanic.

00:38:11.240 Yeah, I personally don't think that it's possible.

00:38:13.880 Everyone's just like, oh, there's a very narrow path.

00:38:16.560 OK, well, the path is like, you know, as narrow as like one of my hairs.

00:38:19.820 Like there's no narrow path.

00:38:21.160 So let's just be honest about it.

00:38:22.640 The time to do something really was before 2008.

00:38:26.920 Once we went down the path of bailing everybody out, this is the inevitable outcome. 0.84

00:38:33.520 And everybody, you know, at the Fed and all the experts and all the banking people, they all said, no, no, no, no, you don't understand.

00:38:40.180 And I kept saying to them, I do understand. 0.72

00:38:43.180 I don't think you're either telling the truth to yourself or you're you're you're you're just a crazy man because you can't do this at the numbers that we're doing it. 0.92

00:38:56.520 Yeah. And the thing is that not only should they have not done what they did, then they shouldn't have kept in place for as long as they have and they shouldn't have doubled down.

00:39:05.300 And that's the problem is that we keep having these opportunities to go.

00:39:08.700 So, yes, we've made mistakes and we're going to change course, but instead everyone goes, no, I think this is fine.

00:39:16.060 We're going to continue marching down or I'm not seeing the problem in the way that other people are anticipating seeing the problem.

00:39:22.220 So since they're not recognizing it, we have some more room to just continue to continue on until they wake up and realize that it's a problem.

00:39:31.240 Once you wake up and realize that the problem is there, then it becomes too late and we're in the situation that we're in today.

00:39:37.960 So Monday, I did a monologue on Credit Suisse and I said, you're going to see in two years because the Fed doesn't have to tell you anything for two years.

00:39:48.100 But I guarantee you, we are sending our money over to Credit Suisse right now to do basically what we did in 2008.

00:39:57.040 Save the bank that's too big to fail.

00:39:59.940 Well, I don't know why they released this information, but last night I'm reading we spent three.

00:40:05.240 We sent three billion.

00:40:09.000 How much did we say?

00:40:10.080 I don't I don't know, but I doubt it was three trillion.

00:40:12.380 Yeah, I'll have to look it up.

00:40:13.700 Could you look that up?

00:40:15.380 Look that up for three trillion.

00:40:17.080 It's a staggering.

00:40:18.800 It's a staggering amount.

00:40:20.240 But let me tell you why they did that is because the Swiss National Bank said that Credit Suisse is a systemically important bank.

00:40:29.820 So, of course, that they are too big to fail.

00:40:33.760 We can't we know we can't bail out the little guys.

00:40:35.740 We have to make sure that the big cronies are taken care of.

00:40:38.500 So, of course, somebody was going to come to the rescue.

00:40:40.920 And when you say somebody, it's always the U.S.

00:40:43.800 And it's not the U.S.

00:40:44.860 It's you and you and you and you.

00:40:46.400 But it's literally us because it's our money or them printing money, which devalues our money.

00:40:52.120 So so isn't Europe now in the place or soon going to be in the place that we were at in 2008?

00:40:59.680 So there it's for a different reason.

00:41:03.160 Right, right, right.

00:41:04.140 But but again, and this goes back to the Fed.

00:41:06.680 So let's tie this all in a nice little bow because we have a dollar that is strong against other currencies.

00:41:12.920 It's not strong when you go to the grocery store, but it is strong against these other currencies out there.

00:41:18.180 I like to call it the skinniest kid at fat camp.

00:41:21.040 It's not great, but it's the best out of all of them.

00:41:23.700 And because of the energy situation that they have all created, they're dependent on importing energy.

00:41:31.460 Energy and to some extent food is priced in dollars, which means these countries need to access dollars in order to pay for these things.

00:41:40.940 So they only have so many choices.

00:41:42.800 It means they either continue to devalue their currency.

00:41:45.600 They're going to have to spend more and more of their currency to buy dollars or they sell dollar denominated assets like treasuries in order to get the dollars to pay.

00:41:54.860 And so this is a vicious cycle.

00:41:56.640 When they do that, then the yields go up.

00:41:59.980 The dollar strengthens and we end up in this crazy cycle again.

00:42:03.560 And this is why it's so complicated.

00:42:05.780 The Fed's decision isn't just inflation versus, you know, a deeper recession here in the U.S.

00:42:12.520 It's literally potentially creating a global currency crisis.

00:42:16.260 It's potentially creating illiquidity in the treasury market in a crisis there.

00:42:21.360 It's potentially, you know, all risk assets could end up just, you know, being sold in a massive fire sale.

00:42:28.120 I mean, they have to think through all of those implications.

00:42:31.560 And that's why if I were Fed chair right now where we started this, I would have to pause because I don't think that the Fed has the tools to combat inflation since their supply generated anyway.

00:42:44.500 They can't print oil.

00:42:45.580 They can't print labor. 0.94

00:42:46.980 They don't have the tools.

00:42:48.100 So all they can do is crash demand.

00:42:49.700 And if they do, they take the whole world down with them.

00:42:51.900 Okay, well, I think I'm going home now.

00:42:58.600 All right.

00:43:00.200 Can you explain one thing?

00:43:02.240 I saw an article out of Europe and it said that because there are no investors because of ESG.

00:43:10.780 Right.

00:43:10.880 There's no investors in exploring for oil, et cetera, et cetera, and the fact that we are headed towards price destruction, meaning nobody can afford to do anything.

00:43:23.660 So nobody's going to be using gas and you're going to be staying at home.

00:43:28.780 So the price of gas will fall through the floor.

00:43:32.320 They think then the banks will have or any investors will have a call on their investment and they won't have the money to be able to do it.

00:43:44.360 So they're stuck in the same kind of trap where it's this vicious circle.

00:43:48.620 Is that true?

00:43:49.660 Is that right?

00:43:50.220 So there is a case to be made that, you know, as we kind of go into a global recession, like a very deep global recession, that there will be demand destruction.

00:44:02.960 But you have to remember that we just had OPEC plus decide to cut production 2 million barrels per day.

00:44:11.420 So and, you know, China is still kind of getting back and running, you know, in terms of capacity.

00:44:16.980 So I don't think that oil and gas are going to go back up to the levels that, you know, perhaps we saw earlier this year.

00:44:25.820 But the idea that it's all going to come crashing down.

00:44:28.820 I mean, yes, Europe's stockpiled on gas, but it's like a three month stockpile.

00:44:33.640 Like what happens after that?

00:44:35.260 This issue that we have with energy, this isn't like a month long or a winter long issue.

00:44:40.480 And all of a sudden we're going to come out the other side and everything's going to be roses.

00:44:44.420 There's massive underinvestment that's going to affect us for years.

00:44:47.720 So it's not just that you can turn this spigot back on.

00:44:51.680 I know, you know, when you think of these big oil rigs that are out in the middle of the Gulf, those things are made here, a lot of them.

00:45:01.400 But they have specialized parts that like one company makes.

00:45:05.400 Those things are on leases for 10 years at least.

00:45:09.120 So if it pulls up here and goes some other place, South America, that's leased.

00:45:17.180 And you don't just build an oil rig like that overnight.

00:45:21.360 We're talking years of restarting.

00:45:24.600 This sounds really familiar.

00:45:26.400 It sounds like in 2020 when a bunch of people said, wait, you can't just turn off a third of the economy and then turn it back on whenever you want.

00:45:35.060 And there's going to be absolutely no dislocation.

00:45:38.080 Huh, that's weird.

00:45:39.400 It's the same thing here.

00:45:40.940 You're losing the parts manufacturers.

00:45:44.060 You're losing, in the case of nuclear, a knowledge base, specialized expertise.

00:45:50.920 You cannot just flip the switch back on.

00:45:53.520 And there's no meaningful sort of rush towards investment because all of these companies believe that, you know, whoever the next regime is, even if there's a friendly one in between, that they're just going to double down on these bad policies.

00:46:08.040 So why would they make a 10-year or a 15-year, multi-billion dollar investment when people are coming out saying, we're coming after you?

00:46:16.920 Yep.

00:46:16.940 It does, you know, show me the incentive.

00:46:19.500 I will show you the outcome.

00:46:21.040 That is Charlie Munger.

00:46:22.560 And it's for every single thing.

00:46:24.860 And in terms of energy, this is not just the next few months.

00:46:28.760 This is a multi, multi-year disaster with massive human suffering.

00:46:33.860 I mean, we're talking about already in Europe, just the implications, not just on heating your homes, but on the food sector, bakeries, dairy, companies that massively use energy, they're not able to produce at the levels that they could because the energy is too much.

00:46:51.980 Farms.

00:46:52.120 Yeah.

00:46:52.680 Farms.

00:46:53.160 Fertilizer.

00:46:53.900 Yeah.

00:46:54.280 This is what happened in Sri Lanka, right?

00:46:56.060 This is craziness.

00:46:57.820 It is craziness.

00:46:58.900 There is such a, and I can only, you know, it's Malthusian.

00:47:04.520 You have to hate humankind to go down this road because it's so clear what the ramifications are.

00:47:13.620 And if you stop right now and go, okay, okay, okay, okay, all right, I got it.

00:47:18.980 Then, you know, that's one thing.

00:47:20.240 Right.

00:47:20.480 But to stay singly focused on this and continue while people are going to face starvation and freezing to death, it's, there's something deeply, deeply wrong with you.

00:47:34.720 So we've talked about this.

00:47:35.960 This is what the Fed did, right?

00:47:37.560 They stayed with that myopia.

00:47:39.300 Same thing with COVID.

00:47:40.980 Now we have it with energy.

00:47:42.000 So when we come back, I want to talk because Bank of America just said, buckle up.

00:47:48.140 We're about to shed 175,000 jobs every single month.

00:47:52.400 I don't know if that's way out of line, you know, from a bad time or, you know, what that number means.

00:47:59.540 I'll ask you in a second.

00:48:01.040 And then I also, let's dogpile.

00:48:04.580 Here's another bad decision.

00:48:06.620 The federal government is going after the gig economy.

00:48:09.480 And you can't do that to America.

00:48:14.360 I mean, but they are, but they are.

00:48:17.040 So what does that mean?

00:48:19.040 What job is going to be safe in America over the, over the next few years?

00:48:25.160 Hey, I have an idea.

00:48:26.540 We should all get together and vote.

00:48:30.940 Vote.

00:48:31.540 We've got to overwhelm the polls and send a very strong message.

00:48:39.640 Enough is enough.

00:48:41.600 No, no, no, no.

The Glenn Beck Program - October 12, 2022

Best of the Program ｜ Guests： Rep. Beth Van Duyne & Carol Roth ｜ 10⧸12⧸22

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