In this episode, Glenn Beck is joined by Hillary Clinton to discuss inflation, COVID, and the economy. Glenn explains how the economy is going to get better and why you should not be worried about inflation. He also talks about how to keep up with inflation.
00:48:41.540I am much better after I saw what you did.
00:48:45.160Tell me what you know about the Great Reset and what you guys in New Hampshire are doing in the State House.
00:48:53.480Well, I learned about ESG scores a long time ago in doing investments for 401Ks.
00:49:02.460But this past summer, I heard you really start speaking about the Great Reset and how basically an ESG score can be weaponized against companies and against individuals.
00:49:18.020And so once that switch went off, I said, okay, I don't know what we can do.
00:49:26.600You know, I have no scope federally, but I'm a freshman legislator.
00:49:30.960I said, I got to do something about this.
00:49:33.060So I wrote a bill, and another individual in the State House wrote a bill.
00:49:40.020Their bill was less comprehensive, but we merged the two.
00:49:44.660I became the prime sponsor, and I just got out of the committee hearing today on it.
00:49:51.800In fact, it's still going on with some of the other folks.
00:49:54.440I've stepped out, but the approach that we've taken is you cannot use ESG scores in a discriminatory manner if you're a bank or if you're a corporation against another corporation or another individual.
00:50:15.320And we took the path of you can't be discriminatory because it was more likely to withstand constitutional muster rather than just an out-and-out ban.
00:50:32.600So if I may read, all banks and other financial institutions doing business in the state of New Hampshire, either directly or through the use of an outside contractor,
00:50:42.580shall not discriminate against nor advocate for or cause adverse treatment of any citizen or business in their business practices based on subjective or arbitrary standards,
00:50:55.140such as social media posts, participation or membership in any clubs, associations, or unions, etc.
00:51:01.920Political affiliation, employer, or other social credit, environmental, social, and governance, or similar values based or impact criteria.
00:51:13.380No provision of this law shall interfere with the bank's other financial institutions' ability to discontinue or refuse to conduct business with an individual account holder or potential customer
00:51:21.660when such action is necessary for the physical safety of its employees.
00:51:24.560What they're saying is these ESG scores are going to make these banks that write loans to people who disagree with them, or the ESG score,
00:51:36.200that is going to make the bank vulnerable to a collapse.
00:51:41.520So how does this get around that kind of thinking?
00:55:01.300Well, on the Democrat side, there was a fair amount of conspiracy.
00:55:15.380Yeah, it's and concern about, oh, you know, you're you're focusing on on the wokeness aspect of it.
00:55:28.760But once you can articulate, look, the the principles that are being advanced in these ESG scores are are being articulated in the world economic form by Bank of America,
00:55:42.880by JPMorgan Chase, by all the the big players in the financial world who can control so much money or investment in in the stocks of S&P and whatnot.
00:55:58.480It's very clear that that they have the ability to forward that point of view and drive these decisions the way they want them without understanding the incredible harm they're going to do.
00:56:15.080I have to tell you that every day I get up and I wonder, I'm sure you do to everybody does what I do.
00:56:26.620And every day I wonder if anyone is going to take the information and do something about it because they have different skill set than I have.
00:56:38.040I can't tell you how just pleased I am that that you have taken these steps and that others in New Hampshire are taking these these steps.
00:56:52.820You are a first that I know of, although it is starting to trickle out now and then just the last couple of days.
00:57:18.860Well, I'm very grateful that that you are this beacon of information for us that we can then pick up and take our talents and use and advance as as need be.
00:57:34.340And I welcome any of the legislators from any of the states who want to to get this bill for me.
01:00:40.380So, the Great Reset bill is starting to move forward in certain states.
01:00:51.140We're going to talk to the state treasurer in West Virginia that has just now stopped doing business with BlackRock because of the Great Reset.
01:01:00.540And we have somebody to call Texas on the carpet.
01:02:03.040So, if you don't, if you haven't gotten the book yet or you don't really understand it yet, I think this will really help you.
01:02:10.440I'm going to try to break it down and really try to explain in the simplest, easiest terms, not just what it means for corporations, not just what it means for, you know, small businesses.
01:04:10.800I've been saying for probably 15 years, you got to spit yourself out of the system.
01:04:15.940When I started saying that, it was more of a prompting and I didn't exactly know what it meant.
01:04:21.420I know what it means now and ways you can do it.
01:04:24.940It means you can't be reliant upon the things that are unreliable or unreliable because of the people or the philosophies involved.
01:04:36.400You have to be self-reliant and do business with people who believe in the same thing and are furthering those goals.
01:04:45.320The best example, the easiest one that will save you money, give you the same kind of coverage and service that you require, but also give you better customer service and is fighting with you, not against you, is Patriot Mobile.
01:05:43.880It is truly a wonder to watch the global elites and the media and the politicians that have tried to push off the Great Reset as no big deal.
01:08:26.100If you look at the number of prime ministers, central bank people, gigantic corporations, BlackRock alone has more money and holds more investment money than any other anything on the planet.
01:08:42.480The president makes the queen looks like a pauper.
01:08:46.280They are at the World Economic Forum and they are helping design the policy.
01:08:52.260Let me give you an example of what the World Economic Forum really is.
01:08:55.480Do you remember back in the 1970s, there was something called the Heritage Foundation?
01:09:06.860But in the 1970s, the Heritage Foundation came along and it was founded to redirect America's principles back to conservative principles and the founding.
01:09:56.720OK, that was well funded back in the 70s, but not like the World Economic Forum.
01:10:01.940It had connections, but not like the World Economic Forum.
01:10:05.860The World Economic Forum, a global think tank that is injecting 21st century fascism directly onto elected officials and global financial and corporate juggernauts.
01:10:21.000Imagine if the Heritage Foundation had the eyes and ears of every prime minister and president in the world.
01:10:29.700The vast majority of not only the corporate leaders, but the corporate boards and all of the major financial institutes, including the International Monetary Fund, the World Bank, the European Central Bank, the Japanese Central Bank, the American Central Bank.
01:10:49.200Do you think that the world would be the same if the Heritage Foundation had that group of people in the 1970s?
01:12:05.340Those were like multiple different shows.
01:12:07.820And after I read the book or while I was reading the book, I was like, this is the first time I've ever seen all of those pieces put together, but in an easy to understand way.
01:12:22.700And it was about a year and a half ago when you first, I don't remember what you stumbled on, but you were like, have you ever heard of the Great Reset?
01:12:29.860And it was the time that I was questioning Build Back Better, going, what the hell?
01:12:33.780That's the worst slogan I've ever heard.
01:12:36.240And that is the slogan from the World Economic Forum that everybody's using all around the world.
01:12:55.980It was probably when we were looking through just a bunch of quotes because everyone was talking about the World Economic Forum, Great Reset, as being something positive.
01:13:03.820But then we would pull little quotes and it would say, we're redefining capitalism.
01:13:07.660Other quotes is, you will own nothing and you'll like it.
01:13:15.020And then we started looking into stakeholder capitalism.
01:13:17.200And what the heck does that even mean?
01:13:19.680But the book really goes into explaining that in a very, very easy way.
01:13:24.040And tonight, if you've already read the book, you're going to watch the show.
01:13:28.620And this is going to be almost like a Cliffs version for that.
01:13:31.700So if there's things that you didn't understand, tonight you're going to fully understand.
01:13:35.360If there's things that you wanted a little bit more clarification on, like more examples.
01:13:40.060Like, for instance, tonight, you know, you talked about in the book a lot how ESG is, you know, being used to force companies and banks, you know, to redirect money into places that they want or issues that they want.
01:13:52.080Tonight, we're going to show you exactly how.
01:13:54.040And we've showed you a little bit of this in other shows.
01:13:56.960But the context that it's in now tonight, it's all going to crystallize.
01:14:01.460You are going to completely understand what this is about.
01:14:04.280You are going to completely understand how they are doing it.
01:14:36.360But if I if it's important, I always have it because it's easier to remember when you have the tactile book in front of you and notes and notes.
01:16:07.180This just came out from BlackRock, from Larry Fink, who's the head of BlackRock.
01:16:11.720So, you know, and you'll understand this in the book and on the special.
01:16:15.220BlackRock is the biggest investment firm in the world.
01:16:19.400They have seven or ten trillion dollars under management just themselves.
01:16:26.260But when you add the European Central Bank and the Federal Reserve, you're you're approaching thirty trillion dollars that they directly affect.
01:16:49.580Anyway, so he just wrote Larry Fink just wrote when my partners and I founded BlackRock starting thirty four years ago.
01:16:54.940We had no experience running a company over the last three decades.
01:16:58.200I've had the opportunity to talk with countless CEOs and learn what distinguishes were truly great companies time and time again.
01:17:04.460They all share what we have a clear sense of purpose, consistent values, and crucially, they recognize the importance of engaging with and delivering for their key stakeholders.
01:17:14.960This is the foundation of stakeholder capitalism.
01:17:20.060Stakeholder capitalism is not about politics.
01:17:24.020It's not a social or ideological agenda.
01:17:28.920It's capitalism driven by mutual beneficial relationships between you, the employees, the customers, suppliers, and communities, your country, your company relies on to so they can prosper.
01:19:08.360As you most certainly know by now, Mike Lindell, the inventor of my pillow, has a passion to help give you the best sleep of your night of your life.
01:20:46.380By the way, I want to talk to you about solutions here for just a second and talk to you about it in a Van Gogh sort of way or Surratt, the the painter, the famous painter where it's all little dots.
01:21:26.880Remember, this was the idea that was thought was ridiculous for television.
01:21:32.180The lines of resolution, the the individual dots just in three colors in, you know, one thousand eighty different lines that make up a picture.
01:21:45.700I want you to understand that's how we make these changes.
01:26:17.900So, I was very excited yesterday to see that the West Virginia State Treasurer has said that they are divesting themselves from any investment of state funds in BlackRock.
01:26:36.860If this happens and takes hold across the country, that will hurt BlackRock, and it will stop some of their crazy stuff that they're doing.
01:26:47.580For instance, trying to stop all gas, oil, and coal.
01:26:54.780They are going to cripple these industries.
01:26:57.960Texas, as you'll find out here in a few minutes, Texas has already signed the bill, passed it, and then signed it.
01:27:05.140The governor signed it, but they're not doing anything.
01:27:08.520BlackRock is doing a tap dance, and they're not doing anything.
01:27:11.940West Virginia, the state treasurer there, Riley Moore, announced that the investment from the Treasury is no longer going to BlackRock Investment Fund.
01:27:24.860We have Riley Moore on the phone with us now, the state treasurer for West Virginia.
01:27:31.600I'm doing great, Glenn, and thank you so much for having me on and allowing me to speak to you and your audience about this really important issue.
01:27:38.260It's a real honor and a privilege to be on here.
01:28:28.900We're not going to pay BlackRock to destroy our industries, right?
01:28:33.020I mean, they have this crazy net zero goal out there, and they are hurting our industries incredibly, along with a lot of these other financial institutions, which I can go into.
01:28:46.160Because at one point on your show, I do listen.
01:28:50.220You touched on the letter that we had sent out to all the big banks here in the United States as well.
01:28:57.600So this, we are putting words into action, which is what more elected officials need to do in this country.
01:29:07.160And people need to look to the states to stand up and fight, or we are going to get buried by this.
01:29:13.800And we're not going to be able to dig ourselves out.
01:29:15.840But I can't tell you how happy I am to hear this from you, Riley.
01:29:21.980Tell me, let's start with the banks first, because you sent that letter out to the banks.
01:29:27.680Tell people what you've done and what their state should also do.
01:29:32.200What we have done is we have – there's 15 state treasurers, and this is on my website, by the way, moreforwv.com if you want to see the letter.
01:29:44.720And 15 state treasurers, we formed a coalition, which I am leading that coalition, and we are reforming our banking contracts in all of our states.
01:29:55.580Here in West Virginia, when we go through that process, a bank is going to have to certify that they are not boycotting the fossil fuel industry.
01:30:05.040If they cannot meet that certification, they will be ineligible for a banking contract here in the state of West Virginia.
01:30:11.620The other states on that letter, they are going through their processes to do the exact same thing and put the screws on all these people.
01:30:19.800I mean, this is multilayered in terms of the threat that it causes, not only to the citizen, because at the end of the day, without coal and gas, your utility bill is going up.
01:31:25.120But if you start hitting them in the pocket and you also and I want to ask you about this with the state, with the banks, you're specifically talking about the the planet and Green New Deal and everything else.
01:31:59.860We got to do everything we can to save these industries, because I will tell you, I've had coal operators, not only in West Virginia, but all over this country and natural gas guys as well come in and say, we are losing access to capital.
01:32:13.080I would urge your listening audience here, go Google the top biggest banks and look up their ESG policy frameworks.
01:32:24.780It is out in the public, and it's in black and white, and it says we are going to deny loans, a presumptive denial to any industry that is involved in the fossil fuel extraction industries.
01:33:41.060I will tell you that West Virginia is one of my favorite states, and also because of the history.
01:33:49.700You guys have a history of standing up for what is right.
01:33:55.840I mean, you were part of Virginia, and the Civil War starts, and you were like, I don't want anything to do with that.
01:34:02.460And you went and became West Virginia.
01:34:05.900You guys have stood the test of time, and you also are the quintessential, when you think of the hard-working, hard-living American worker, it really is embodied in West Virginia.
01:34:26.640I can't believe that West Virginia has taken it for this long.
01:35:36.400Just go do your own homework on their own websites and look up their ESG policies for environmental, social justice, and governance scores.
01:36:20.480If it's a bad loan, don't make the loan.
01:36:22.820But if you go all the way down the road here on this, where we're going to potentially end up, what could potentially happen is, let's say you go in for a home loan 10 years from now or whatever, and it says, well, here's one interest rate if you have solar panels on your house.
01:36:39.440Here's another interest rate if you don't.
01:36:41.680They are trying to control our behavior.
01:36:44.280And, look, we don't want what they want, and what we want is to be free to make our own decisions, work our own jobs.
01:36:53.680And you touched on it, you know, these hardworking folks in West Virginia.
01:36:58.100The average coal miner is making nearly $90,000 a year.
01:37:12.060They're working over in the Democratic Republic of Congo and mining cobalt for the electronic batteries that go in the electronic cars.
01:37:21.840They've got slave labor essentially going on over there, and China's running those mines, by the way.
01:37:26.640You know, it's really interesting you bring this up, Riley.
01:37:28.700We're talking to Riley Moore, West Virginia's 25th state treasurer.
01:37:32.740He was elected in 2020 and is taking a hard stand against ESG scores, the Great Reset, and BlackRock in particular.
01:37:40.260It is fascinating to me that people will say, well, if you're not going to invest in BlackRock, I mean, they're the biggest ones out there.
01:37:48.400I mean, they're making money hand over fist, yada, yada, yada.
01:37:50.860But they're also empowering China and literal slavery, and it doesn't seem to matter to anyone.
01:37:59.340No, you don't hear the left talk about this at all.
01:38:02.640I mean, there is a literal genocide going on with the Uyghur population over in China.
01:38:09.100If people have not read about this, they are in concentration camps, essentially, working and building all the components that get sent back here to the United States, meanwhile, by taking our jobs.
01:38:23.980And the scariest thing is the U.S. and the Chinese economy are decoupling right now, but China is decoupling faster from us than we are them.
01:38:44.100When I first started talking about this about a year ago, a year and a half ago, I was immediately, you know, conspiracy theorist, et cetera, et cetera.
01:39:00.420You know, it's becoming easier now because of programs like yours.
01:39:04.060But I will tell you, not everybody is talking about this, and people really need to tune into this and be aware of it because you can vote with your money.
01:39:12.800You can vote with your money, whether it's your 401K or otherwise.
01:39:17.440There are also companies out here, money managers, that are coming up with these portfolios called ex-China, where they're invested in emerging markets that are not China.
01:39:28.560People, the market is actually speaking.
01:39:31.060It's the people that are speaking because they don't want this anymore.
01:39:35.380So because of programs like yours, it's added, thank God, validity to what I'm doing because when I first started talking about this, people thought I was crazy.
01:39:45.120You know, I got the tinfoil hat on, and I'm a conspiracy theorist.
01:39:49.100And then as soon as Biden got elected, it was one month into it, coal companies and gas companies coming in and saying, we are in trouble.
01:39:57.020We're going to lose access to capital.
01:49:13.340We are currently working to establish suitable candidates for the divestment list related to SB 13.
01:49:20.540We have been tasked with examining an extremely large universe of financial companies,
01:49:24.580and it would not be appropriate to comment on a single firm prior to releasing the full initial list of companies subject to the divestment provisions in SB 13.
01:49:33.240Comptroller Hagar is committed to safeguarding the Texas economy and Texas jobs,
01:49:38.200but that cannot be accomplished by narrowly focusing on one entity.
01:49:42.040Texas lawmakers could have singled out one company, but they understood the approach would not have the impact needed to address this alarming trend.
01:49:49.260Additionally, this issue of long-term concern for Comptroller Hagar with increased promotion of the ESG investment trend.
01:49:56.200He has noted when discussing other efforts, including divestment lists related to companies boycotting Israel or doing business with Iran.
01:50:03.980The agency is focused on creating a transparent and defendable process that not only reliably identifies current suitable candidate companies,
01:50:12.640but also creates the framework for highlighting potential future future candidates.
01:52:57.140Well, one easy way is to us to use an ESG score.
01:53:01.540They can arbitrarily say you are presenting misinformation and that your company is now posing a risk to the stability of society and we can't support you.
01:53:28.740ESG was a movement cooked up at the U.N., not exactly a leading expert in profitable investment to impose moral and political agendas, largely left wing ones, on institutions that would not adopt them if left to their own devices.
01:53:39.620So it's really taking all these leftist ideas and is trying to impose them via corporations, often because the people are dissatisfied with the ability to get voters to support these policies.
01:53:50.840That's the biggest thing is so disturbing as they talk about democracy, which we're not a republic.
01:53:58.760But as they talk about democracy, this undercuts democracy.
01:54:02.620There is this is the elites having their voice because they can't get the people to sign on to what they want to do.
01:54:22.320We want to be able to impose whatever we want.
01:54:24.520But my view is, with most of these things, they don't have any good arguments and certainly on energy.
01:54:28.360They don't have any good arguments for why you should rapidly eliminate fossil fuels, not support nuclear, promote unreliable solar and wind.
01:54:38.780And that's going to make everything more expensive and life worse.
01:54:41.660And what we're seeing right now is just a mere taste of it.
01:54:45.000If you look at the European energy crisis, rising prices here, this is just a taste of what these green policies mean.
01:54:51.240And so this should clue us into these experts don't really know what they're talking about.
01:54:55.040If they knew what they're talking about, they would just try to persuade us and let free markets develop these amazing solutions that they claim are amazing.
01:55:02.260Well, but they've also they've also taken things out of the mix.
01:55:06.020For instance, the safest energy, the safest energy, the cleanest energy is nuclear.
01:55:54.640And as you said, it's the safest form of energy.
01:55:56.560It's the cleanest form of energy ever devised.
01:55:58.600And so people can claim to be concerned about CO2.
01:56:01.180You'd expect them to love nuclear, but they don't.
01:56:03.620And they often oppose large scale hydro as well.
01:56:05.700And the core of this is really philosophy slash religion.
01:56:08.620They really believe in the idea, whether they know it or not, that our goal should be to eliminate human impact on Earth, not to advance human flourishing on Earth.
01:56:16.160And so they look at everything from that perspective.
01:56:56.540And so what BlackRock has done, whatever their exact motives, is they're cashing in on that and saying, OK, we're going to be the leader of eliminating our impact on climate.
01:57:05.820So regardless of what Larry thinks convictions are and how corrupt or not corrupt he is, he's pursuing an ideal that almost everyone agrees with on some level.
01:57:14.660And I think that's why it's so powerful.
01:57:15.560Except the people who really believe it.
01:57:18.480I mean, what was the guy's name, Stu, we had on the air?
01:58:17.120I mean, I feel like there is starting to be real movement on the Great Reset and some of these things.
01:58:25.280And I know we are a million miles away because we're so far behind.
01:58:29.540But if people wake up to it and you start speaking with your money and speaking to these institutions as states, locals and individuals, I think you can beat this.
01:58:57.240And I hate the idea that regressives get called progressives.
01:59:00.140And I think what's needed is to have a clear idea that this is evil, that it's statism, that it's a regress.
01:59:06.060But also to have an idea of progress or, you know, being pro-liberty, having a vision for how more liberty will lead to more human flourishing.
01:59:13.680And I just mentioned that website, energytalkingpoints.com.
01:59:15.940If you search on that long-term value creation, I put forward a positive alternative to ESG where companies are focused on the long term without sacrificing to these leftist gods.
01:59:25.700And I think that that's one attempt to give a positive, not just oppose the negative.
01:59:55.280When that happens, the central banks have to pull all of that excess money in.
02:00:00.920Well, we have trillions of dollars floating out.
02:00:03.220I can't imagine what the interest rate is going to be.
02:00:06.480And they're concerned now that it will stop the heart of this economy because it is a weak recovery because we're doing things that are going against the very nature of natural law and the law of humankind.
02:00:22.020So anyway, what do you do to hedge against it?
02:00:25.600Well, you make sure that some of the money that you have saved and put away is not in dollars.
02:00:32.280You make sure that some of what you have is something that will the world will eventually return to.
02:00:41.040Right now, Goldline is offering a very unique special combining my two favorite assets.
02:00:45.780When you buy 20 of their historic $5 gold Indian coins, you're going to receive a five pack of Goldline's coveted silver maple flex bars at no additional cost.
02:00:57.340Both of these items are extremely difficult to acquire at any time.
02:01:00.960The specials should not be ignored right now.