How to Prepare for an Economic Collapse ｜ Guest： Peter Schweizer ｜ 2⧸2⧸22
Episode Stats
Length
2 hours and 2 minutes
Words per Minute
146.59406
Summary
On today's show, Glenn Beck has a special guest on the show, and it's one of the most important guests he's ever had. He's a financial guru, and he's been around a long time. Glenn talks about how to prepare for the next financial crisis, and what to do to be prepared for it.
Transcript
00:00:00.000
Let me tell you a little bit about our sponsor this half hour.
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What you are about to hear is the fusion of entertainment and enlightenment
00:02:07.720
Hello you sick twisted freak, I want to talk about your money and what's coming our way
00:02:22.720
You know, if you're willing to count sheep at night to fall asleep, you know, good for you, good for you
00:02:28.720
Good news is there's a lot of sheep out there to count
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It's weird, most of them live in the New York or California area, but there's lots of sheep
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I wouldn't be telling you that if I didn't feel that way
00:03:42.720
So I want to talk to you a little bit about what is coming
00:04:01.720
Yeah, it's been something you said on the air for how many years now?
00:04:25.720
And I think you're already seeing people start to pull their money out of the market
00:04:31.720
And these are big people that are pulling their money out of the market
00:04:41.720
Which means you're not going to make a lot of money if you're in treasuries
00:04:44.720
So why would you lock your money up into treasuries?
00:04:51.720
Well, because you don't believe that you can make more than 1%
00:04:55.720
You're just getting to the point to where you're like
00:05:08.720
Have been, you know, the full faith and credit of the United States government
00:05:15.720
I'm going to tell you this hour some things to do
00:05:18.720
And I mean, if I don't care if you don't have any real savings
00:05:23.720
I'll give you some things to do with your money to prepare
00:05:27.720
And then if you do have some money, some other things
00:05:37.720
It's not like I'm always telling you, you know, do your own homework
00:05:42.720
This is my opinion and I am not a financial advisor
00:06:15.720
And they are starting to cycle out of these things
00:06:22.720
They are trying to find some place safe for their money
00:06:32.720
There is a lot of changes that happened to the financial markets
00:07:52.720
Saying I don't really want anything to do with America
00:07:54.720
I don't think this is a safe investment anymore
00:10:05.720
But if you know that they keep all of their loans local
00:10:22.720
Will be designed to make it look like they're fighting inflation
00:10:39.720
That nobody seems to understand or pay attention to
00:10:43.720
Now this is something I've talked to you since 2019
00:11:17.720
They fought it all the way to the Supreme Court
00:11:24.720
And they said it was a matter of national security
00:11:46.720
But the number was nearly $30 trillion in two years
00:12:59.720
And then they tried to keep it as low as possible
00:13:19.720
Now here's the thing that you have to understand
00:13:51.720
Because the banks borrow this money from the Fed
00:20:27.720
You're not going to have to worry about your family
00:20:49.720
You know what is the one really bad line from Princess Leia
00:21:01.720
The more star systems will slip through your fingers
00:21:31.720
They're run by people with incredible experience
00:41:13.720
The government's just going to have your butt back anyway
00:41:24.720
They just got a check from the government of $14,000 each
00:41:54.720
We've got to stand together, it's the chorus of life
00:42:16.720
Is the fusion of entertainment and enlightenment
00:42:27.720
The White House, according to the press secretary, Jen Psaki, talked about the Joe Rogan experience.
00:42:36.800
The White House, and I'm quoting, wants more done by big tech companies to suppress the misinformation on their platforms.
00:42:47.060
This is a clear example of a violation of the First Amendment.
00:42:53.340
The government has no right or any power to press people, to suggest to people, to push them into violating speech.
00:43:09.960
I'm going to explain not only that, but who's really behind this Joe Rogan boycott.
00:43:32.160
The best thing that we can do is launch a parallel economy.
00:43:35.980
That means we're not dependent on people who hate our guts.
00:43:40.940
Take our money to build a new world order and hate us.
00:43:51.280
And America, you have to understand, these companies are working against you and your children and your rights.
00:44:07.340
And their heart, believe it or not, at least with Verizon, is Planned Parenthood.
00:44:13.640
You can't fight all day for right to life and rights.
00:44:17.260
And then every time you make a phone call, you're helping pay for Planned Parenthood to kill babies.
00:44:25.740
Patriot Mobile is putting their money where their heart is.
00:44:28.460
And that's the First Amendment, Second Amendment, Third Amendment, All the Amendments.
00:44:32.740
They are actually down on the ground in the trenches with us.
00:44:42.900
Veterans, first responders will save even more.
00:44:45.140
Remember, you could save up to half of what you're paying big mobile.
00:45:12.760
The last hour, we talked about, you know, potential economic collapse and everything.
00:45:17.800
And one of the reasons why, because, you know, look, you're well known for predicting economic collapse at all times.
00:45:29.340
You're making, obviously, a very specific case here.
00:45:31.880
And one of the reasons why I think this one connects to me and it feels at least more imminent is because it doesn't feel like we really paid the price for what happened through the COVID era, right?
00:45:48.460
Now, if you're, you know, a local business person, you own a bar, went out of business, you certainly feel like you paid the price.
00:45:55.540
But I'm talking about, like, the nationwide economy.
00:45:57.880
We, well, let's put it, let's, let me just shore up what you're saying here.
00:46:07.980
We, we thought $21 trillion is a really bad debt.
00:46:12.400
Today or yesterday, we crossed the $30 trillion threshold as our national debt.
00:46:20.100
And, you know, never thought it would accelerate the way it has, you know?
00:46:26.040
So, you thought, well, this economy, I mean, we can't keep spending this way, but now we're not spending that way.
00:46:37.660
So, we've been doing this show for, you know, 20 years now.
00:46:41.780
And throughout that time, we both had, I think, a thesis, generally speaking, of what a large government and a large amount of debt meant, which was over time, we are going to hit a point that we cross that we can't pay it off.
00:46:58.220
And it feels like we kind of have already crossed the line of we're never going to be able to pay it off.
00:47:02.640
But we hadn't hit that point where it was so catastrophic that we couldn't still mull our way through things and still grow and with innovation.
00:47:13.660
And, you know, there was still some theoretical hope out there.
00:47:17.000
And I don't know, in my mind, and you may have had a different timeline on this, but before COVID, I had this picture of, like, at some point in my lifetime, we're going to hit this level.
00:47:28.600
And my kids are really going to have, we've always said, like, your kids are going to have to pay for this.
00:47:32.380
Your grandkids, at some point, coming soon to a theater near you, we're going to hit a point of debt that is insurmountable and causes real-world cataclysmic problems.
00:47:43.360
And despite what we've done for the rest of the world, they will not forgive our debt.
00:47:50.480
And so that was coming in, I don't know, 10, 20, 30, 40, before 2050, maybe?
00:48:00.780
This is not a thousand-year problem, but it's not tomorrow either.
00:48:07.380
However, with that thought was an expectation of normalcy, right?
00:48:13.460
Where we are increasing the debt here and there.
00:48:18.440
You know, we have a crisis here or there that increases the debt.
00:48:25.340
COVID is, it hits us and has its real-world impacts on people and such, but then also has us spending $9, $10 trillion.
00:48:35.740
The Fed dumping $7, $8 trillion into the economy all at once in a year or two.
00:48:52.880
Every week that they are now pumping into the financial markets on a payback of 30 days, or sorry, 90 days, if they pay it back.
00:49:13.000
And that's on top of the giant bills that we discuss?
00:49:17.420
It's on top of just what the Fed is doing on a day-to-day basis.
00:49:22.660
It's on top of all the stuff that happened before Biden even became president.
00:49:27.760
On top of what we now know because of a Freedom of Information Act, what they did 12 years ago when the Fed said, we gave the banks $5 trillion to bail them out.
00:49:47.860
So that, remember, that's our entire national debt.
00:49:51.760
Well, the Fed also, by 2010, had already added to their balance sheet, they keep saying it's $7.
00:50:03.640
No, they gave, because of a Freedom of Information Act that we had to wait 12 years for or 10 years for, they actually gave the world $30 trillion.
00:50:16.380
So, we know that it was worse before COVID than we knew.
00:50:23.760
We know that COVID is worse than they're telling us.
00:50:26.980
And we also know that while there was particularly short-term economic shock at the very beginning of this, we did have that.
00:50:35.620
But generally speaking, we're back to normal unemployment levels in theory.
00:50:47.740
If you believe their numbers and you look at the stock market and you don't think, hmm, how many trillions are going to, you know, J.P. Morgan?
00:51:00.960
How much, how much, how many trillions are being dumped into the stock market?
00:51:06.680
But you're picking apart the way I'm setting this up.
00:51:11.320
I think you're making good points here and they are important.
00:51:14.040
But my point is it hasn't felt like the catastrophe you would have expected if I told you in January 2020 we are going to completely turn the economy off for a year or at least most of it for a good chunk of a year.
00:51:29.740
And then trickle back into life where people are being paid by the government to not work, right?
00:51:37.580
Not just normal unemployment, but incentivizing them to stay home to the point where people are offering thousands and thousands and thousands of dollars of bonuses to fast food workers to come back, please come back.
00:51:50.020
All of the craziness that we're seeing there, we have not felt the pain of the scale of what COVID was to this country.
00:52:06.180
That's why I've been saying since 2019, there's something wrong in the financial sector that started, you know, started with $150 billion a week loans to these banks and it went up to a trip.
00:52:19.960
April 2020, they were giving loans for 90 days to these financial institutions of $1 trillion a week.
00:52:33.240
So that's $96 trillion that has been pumped into these banks for some reason or another.
00:52:40.200
And now we find out that it's actually not $1 trillion.
00:52:46.540
So the way you as a household have these moments, right?
00:52:54.880
You can do that for a while and maintain the lack of pain through Christmas because you have credit cards.
00:53:05.760
What we've seen here is my, I think, the general conservative's idea of massive spending out of control over the next several decades that gets us in trouble, but all jammed into a two-year period.
00:53:20.580
So, you know, it seems to me, and I keep coming back to this way of thinking, is if we somehow are able to navigate this without any pain, and I don't want to say any pain, but without the amount of pain you'd expect.
00:53:36.320
Without something crazy and real economic destruction, either our analysis of debt as a whole was wrong or did not take into account enough variables.
00:54:00.960
So, let me just break this down on bare minimum, and this isn't coming from me.
00:54:13.120
He's, you know, more on the left, but a very, very smart person on the left.
00:54:19.300
I don't think he is the one that is going to slow down spending.
00:54:28.160
And he is the one that went to the Biden administration as a left-wing advisor, was a big Obama advisor and cabinet member, and went to Biden and said, guys, stop this.
00:54:38.920
So, Larry Summers sat down with a congressman that I talked to, and it was an open conversation, so I'm not revealing any secrets.
00:54:47.580
But he sat down with this congressman, and they had a conversation, and he said to Larry, so tell me the truth.
00:54:58.000
And he said, bare minimum, baked in, no way out.
00:55:04.180
Bare minimum is 10% inflation for the next 10 years.
00:55:09.480
That means if you have a dollar today in 10 years, that just from inflation, whatever you have in your bank account, will be worth $0.34.
00:55:23.900
So, they're going to be taking $0.76 out of every dollar.
00:55:40.960
And that is the guaranteed best scenario from Larry Summers.
00:55:52.440
This is why, remember, they don't have, you know how it feels like they can't be this wrong.
00:56:07.320
It's not, they're never wrong in the other direction.
00:56:10.380
We never have a good surprise from the people in Washington, do we?
00:56:14.380
It always seems to be like, wait, what are you doing?
00:56:19.720
And so, many people have been led to think, maybe they're against what we're for.
00:56:28.160
They just see the path out of this radically differently, and they will not tell you because they think you're stupid, and you will slow them down.
00:56:48.020
They have their plan, and they're moving forward with it.
00:56:51.980
They know that if we made it 10 years, and people have $0.34 for every dollar, that kind of inflation, nobody is going to be, they're going to all be voted out quickly.
00:57:05.040
That's the best case scenario, that they're all voted out.
00:57:17.160
They are working on something called the Great Reset.
00:57:23.620
This is out in the open, and we refuse to listen to it.
00:57:29.920
They're trying to transform us, and the only way you can do that is if people are in so much pain, they'll take anyone that will bail them out.
00:57:42.720
So, they have to collapse the dollar to make this work.
00:57:47.580
I really, truly believe the acceleration is because we're waking up.
00:58:01.140
Read what the Treasury has on their own website about moving from a paper dollar to a digital dollar.
00:58:08.840
Why do you think all of a sudden they're coming after Bitcoin?
00:58:14.660
Do you really believe it's because people use it for bad things?
00:58:18.920
How many of our dollars have traces of cocaine on it?
00:58:31.360
Unless you are actually trying to collapse it so you can start something new.
00:58:37.860
Remember, they always have a solution to the problems they're creating.
00:58:47.860
And once you start seeing that, you will then start to say,
00:58:54.360
I'm going to be part of a force that fixes that.
00:58:57.040
I'm going to fix that at least in my own household so my back isn't up against the wall.
00:59:16.860
My super allergic, super picky dog is finally eating much better than he used to.
00:59:26.880
It was so sad to see a three-year-old dog lying around just being there.
00:59:36.500
He's right there with the rest of the pack to greet us when we come home or when we wake up in the morning.
00:59:47.140
It's a supplement that you sprinkle on the food.
00:59:51.720
And meanwhile, they're getting all the vitamins and minerals and other things that are going to contribute to a healthy life for them.
00:59:57.880
By the way, I've gotten so much email on Uno because we had to have a tumor removed from him.
01:00:04.380
And it came back and they said, I guess this kind of tumor could be either cancer or not cancer.
01:00:12.760
But they said that it was surrounded and isolated and hadn't spread at all.
01:00:27.560
Rough Greens dot com slash back or call 833 Glenn 33.
01:00:47.840
OK, so let's talk about what is happening with freedom of speech, because remember, the thing that they have to have for the Great Reset to work is they have to have cash running through the financial system.
01:01:02.360
It has to be run through the financial system to the government so they can direct where the dollars go.
01:01:10.040
That's one reason why you should be in a savings and loan.
01:01:12.780
The the the other thing is they have to be able to silence the voices that are telling you things.
01:01:21.540
I believe I truly believe that in a financial collapse, it's going to be very difficult to find me.
01:01:30.740
It is not happenstance, happenstance, and it is not because of any other view that I hold that you can searches.
01:01:54.200
That's why yesterday we put on YouTube on under playlists everything you need to know about the Great Reset.
01:02:06.400
It is shocking, shocking the way this is being held back from people and stifled.
01:02:13.680
So I don't think those people are going to have a voice to be able to warn you or tell you what's going on when it begins.
01:02:23.360
So that brings me to Spotify, the White House, Whoopi Goldberg, Joe Rogan.
01:02:39.640
You can say, well, these doctors, you know, they sent, did they?
01:02:49.880
We're going to give you the results of a really industrious journalist that dug into that little list of doctors.
01:03:06.320
So you have that one place in your house, right?
01:03:08.800
The second place, you know, where you go to eat snacks without getting caught.
01:03:16.260
Anyway, if you love a great snack, I've got a sweet tooth that will challenge yours to any battle.
01:03:29.120
It's hard to just eat the things that are good for you if you have a really bad sweet tooth.
01:03:40.160
I'm trying to lose another 40 pounds this year, and I'm doing it with Bilt Bar.
01:03:46.600
It is, again, difficult for me to lose any weight because I get to the end of the day or sometime during the day, and I just need something sweet.
01:04:06.360
They have high, high protein and all the stuff that you need.
01:04:21.620
Get in your order now for The Great Reset by Glenn Beck.
01:04:40.020
So let me give you a couple of stories here and tell you what's really going on.
01:04:45.280
If you look, and luckily, we are in a place and a time now where people know it and they're sick of it.
01:04:57.240
They're sick of being called racist and everything else.
01:05:10.020
Now, there was a journalist that wanted to prove what we all knew.
01:05:25.360
And he looked into the background of all of this.
01:05:28.300
So what he found, remember, this was a group of medical professionals.
01:05:32.540
This is a group of doctors that have just had it.
01:05:37.000
No, they're academics and left-wing activists that pose as medical professionals.
01:05:51.740
Well, the vast majority of doctors are not medical doctors.
01:06:05.000
So they're purveyors of misinformation themselves.
01:06:10.660
So if you look at the people that were associated with this and who really are running this group,
01:06:17.700
they're coming from two places, the Rockefeller Foundation, and which, by the way, this person was with the COVID-19 tracking project from the Atlantic,
01:06:32.220
which was funded by Mark Zuckerberg and the Rockefeller Foundation and other left-wing institutions.
01:06:41.480
I don't know if there's necessarily all that much nefarious there, but there was, you know.
01:06:54.540
She's, and by the way, are you going to a Dr. Kat?
01:07:01.820
You don't think of someone with a, a cat is a shortening of.
01:07:15.500
No, because it sounds too much like Latrine, but Kat just sounds like you're an idiot.
01:07:22.660
That's a, that's a major, that's going to make some news.
01:07:26.580
So kind of a violation of all journalistic standards and referring to her as Dr.
01:07:34.020
Catherine Wallace, because, you know, I mean, that's like, that's like, you know, looking
01:07:42.560
at a tick tock video and saying it's the Bible.
01:07:49.800
She's an adjunct assistant professor in Illinois.
01:07:53.020
She has no background in vaccines or relevant fields related to COVID-19.
01:07:57.540
And she also has done a lot of work, which is interesting with, with another group.
01:08:08.840
And there's one other person, the fellow campaigner, Abby Richards.
01:08:15.680
She's a misinformation researcher and she helped organize things.
01:08:21.840
Well, she's actually, when it says a misinformation researcher, she's a consultant with media matters.
01:08:30.000
And, and so they're doing research on people like me and making sure that they, you know,
01:08:35.360
that I'm full of misinformation, highly credible or something like that.
01:08:39.220
She's the one that media matters, uh, launched the campaign with to cancel Tucker Carlson because
01:08:50.780
I mean, you know, she's not a medical doctor, but she has her master's degree in climate studies.
01:08:59.460
So this is not a surprise because they are, as we told you what, two months ago, they are
01:09:14.560
They've gone after Tucker Carlson a lot lately.
01:09:17.380
And they, this is, these organizations exist just to silence voices.
01:09:23.120
As we know, we've been through this a million times.
01:09:25.660
We played for you the ads that they started launching on, on the web where they're like,
01:09:30.620
well, uh, did you know that podcasts are blah, blah, blah, blah, blah.
01:09:34.260
And you, they saying all these bad things about COVID-19 that you're not supposed to hear.
01:09:38.360
And, and they've been this, they've launched a campaign.
01:09:40.940
And so much of this stuff comes from these organizations.
01:09:47.020
It's not people are upset about podcasts and therefore these organizations start efforts.
01:09:51.800
It's these organizations start efforts and they launch multi-million dollar campaigns
01:09:56.760
and go to all their friends who are journalists and say, Hey, we're about to launch a 10 million
01:10:04.520
You should write about it because then it will look like your story.
01:10:07.480
And so they write about it and they act as if it started in the world of journalism when
01:10:17.520
It's not like, uh, you know, uh, Watergate it's, it's these people who are, uh, who are
01:10:25.660
with specific agendas and specifically tied to these events that go to their friend reporters
01:10:35.500
and tip them off so that they can get the credit for these stories later on.
01:10:39.700
And it looks like they've uncovered this big truth when in reality it's been leaked to them
01:10:45.080
by their friends as supported by multi-million dollar donors.
01:10:48.920
This is how this works all the time, all the time.
01:10:52.060
This is almost all the news you hear works that way.
01:10:54.220
And the reason you know this to be true is, uh, how come nobody is up in arms about gas
01:11:03.240
You remember when George Bush, I mean, gas wasn't even like this and it certainly wasn't going
01:11:12.580
No one is talking about gas prices and what is the president doing?
01:11:17.500
If it was doing this under Donald Trump, you bet they would have the border, but the border
01:11:24.780
It's much worse than it was when it was making news 10 months ago.
01:11:28.140
It's much, it's much, it's more, it's worse than anything we've seen before.
01:11:36.080
Because it doesn't fit the agenda of the journalist and all of the journalist friends who work
01:11:47.900
Now, when it comes to Whoopi Goldberg, I can't tell you what's happening.
01:11:52.600
The chief executive of the anti-defamation league, um, was really upset at Whoopi Goldberg for
01:12:08.780
Let's be truthful about what the Holocaust, uh, it's not about race.
01:12:37.980
Well, but it's not, it's not about, but these are two white groups of people.
01:12:44.040
How do we, but how do we, but you're missing the point.
01:12:48.880
The minute you turn it into race, it goes down this alley.
01:12:57.440
No, uh, whoopie it's, it's, I mean, that could be part of the conversation, but this was about
01:13:04.500
a group of people who thought they were superior to other people and they divided them by race.
01:13:11.100
Uh, I mean, you know, one drop of Jewish blood is too Jewish.
01:13:16.420
I mean, did you forget about this and the final solution that they're vermin because they're
01:13:24.180
I mean, I think that pretty much sounds like race, but I don't understand how the master
01:13:35.220
I, I try, I'm trying to understand how the anti-defamation league is upset about this
01:13:41.020
because doesn't that violate their, uh, their own definition, their new definition of race.
01:13:52.140
I mean, the ADL used to have one that said, look, it's when one group of people think they're
01:13:58.780
superior over another and, uh, think they're more intelligent than the other, yada, yada,
01:14:04.440
And yeah, they, they take it out on different races.
01:14:08.000
Their new definition makes whoopies analysis accurate.
01:14:10.700
It does because it's, it can, racism can only happen by white people to people of color,
01:14:18.540
according to the ADL's own brand new definition.
01:14:23.000
What whoopie is saying is right with the new thinking about race.
01:14:37.680
This is their new definition as changed from the old school, Martin Luther King definition,
01:14:43.120
definition, racism, the marginalization and or oppression of people of color based on socially
01:14:48.840
constructed racial hierarchy that privileges white people.
01:14:53.660
Only white people can be racist, but they can't be racist against other white people.
01:15:02.180
I mean, now maybe it's because she said it's, it's about man's inhumanity to man.
01:15:08.220
And so she wasn't specifically saying it was white people's inhumanity.
01:15:13.760
But if, if her analysis is it's not racism because it is, does not target people of color.
01:15:21.900
That is consistent with the ADL's own definition of racism.
01:15:25.180
If she, if, if you go by what the ADL says is racist, then of course the Holocaust had
01:15:41.960
Well, he said, he said, he did also do it to people of color.
01:15:47.020
Uh, it's not, it's not their very existence founded is this is from Mein Kampf is not their
01:15:53.980
very existence founded on one great lie, namely that they are a religious community, whereas
01:16:05.080
I mean, this is so, I think anybody who knows this stuff knows this.
01:16:08.760
It's very, very obvious, but this is a new, I'll bet you, this is a new point of view for
01:16:15.200
I think Whoopi is into this new kind of thinking and the ADL might be parroting that thinking
01:16:23.160
on their website, but I, I highly doubt that what's his name, Goldblad or whatever, who
01:16:29.280
is in, I mean, I've seen it firsthand, completely inconsistent on everything.
01:16:34.980
It seems, uh, I doubt he's actually up on the new kind of racism that his organization
01:16:44.600
He's heading the organization and they changed the definition.
01:16:47.220
Isn't it more possible that Whoopi's just an idiot?
01:16:53.240
Let's make sure I understand that because I mean, she, to me, it's likely that she's
01:16:58.460
applying her understanding of race, which is formed around whatever she just read on
01:17:04.640
Twitter in 2022, which is basically like, oh, well, white people are mean to black people.
01:17:16.560
She, so she sees, well, I, that person looks white.
01:17:24.920
Uh, uh, she said, these, these are two white groups of people.
01:17:29.780
The minute you turn it into race, it goes down this alley.
01:17:38.720
No, it's one that saw differences and claimed that these Jewish people, it is a race, which
01:17:47.760
it is a race, um, that that's a race and that race is subhuman.
01:17:56.920
And it was, uh, the Aryans were the master race and everything else was inferior.
01:18:02.980
I mean, it was obviously he targeted Jews, uh, beyond the level of anyone's comprehension,
01:18:12.720
And now let me also, let me just end it with this.
01:18:16.400
Anybody who is crying for her to be, uh, taken off the air, stop it.
01:18:30.380
They've got like 40 people that are watching that are under 88 years old.
01:18:36.280
Um, you know, fire her because of the ratings, but you'd have to fire all of them because
01:18:42.980
I stand with Whoopi Goldberg being able to keep her job and not be fired because of an opinion.
01:18:51.880
And can we at least acknowledge the fact that I was watching these clips yesterday.
01:18:58.820
This is a 25 year show that is nothing but a collection of the dumbest people you've ever
01:19:05.060
met talking about things they've never thought of before.
01:19:08.660
I mean, think of just the magic that has to occur to put these dumb people on the air
01:19:14.200
to talk that stupidly about the news every day.
01:19:20.880
And I know because I know her anyway, uh, American financing, American financing, consider
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And then you look at inflation, you go to the supermarket.
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I don't want to shake your world here, Glenn, right before the end of the hour.
01:20:57.940
But we have a new development in the Spotify Joe Rogan situation.
01:21:02.760
And this is going to shatter the media industry.
01:21:06.940
Mary Trump is pulling her podcast from Spotify.
01:21:22.580
But she says bad things about Trump, which makes her notable to the media.
01:21:30.760
Apparently she's pulling the podcast from Spotify.
01:21:33.820
I mean, they're quaking and they're shaking in their boots.
01:22:16.580
What you are about to hear is the fusion of entertainment and enlightenment.
01:22:42.280
I want to talk to you a little bit about China.
01:22:58.080
So many people seem to be willing to defend China.
01:23:05.560
Like, we're going to, well, I'll tell you what, we're going to boycott those Olympics.
01:23:13.780
What happened to America, especially when China is clearly now an enemy?
01:23:21.860
Where are the people that are American patriots standing up?
01:23:35.820
Not all the time, but when you think about it, you know, there are a few places here and there that you might have, you know, made a different decision.
01:23:41.460
But you made it and you worked hard and you saved money.
01:23:47.480
I told you last hour what Larry Summers told a congressman last week that we are looking at 10 percent inflation for the next 10 years.
01:24:02.400
That means in the end of 10 years, your dollar is worth 34 cents.
01:24:07.980
OK, it's going to happen a lot faster than that.
01:24:11.000
It's not going to take us 10 years to change over to a new currency.
01:24:15.980
May I highly recommend that you look at physical assets.
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Gold or silver is one of those things historically.
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01:24:55.960
So let's just let's just talk a little bit about China and what's happening in China.
01:25:11.440
Not sure it ever has been, but it's the new model for the whole world.
01:25:19.820
And, you know, everybody has sold out to America.
01:25:24.820
Everybody's selling out, including an Olympic athlete.
01:25:28.920
When I read a headline of a story, I thought this San Francisco-born athlete was saying,
01:25:37.620
I'm not going with the team to the Olympics because she's not.
01:25:44.680
She's an American who is going to now ski for the Chinese.
01:25:53.040
Now, I can't talk about her, but I can talk to an expert who has spent, what, a year and
01:26:02.420
Year and a half of full time research with several people to author the new book, Red
01:26:10.760
He's the president of Government Accountability Institute.
01:26:13.500
His new book is Red Handed, How American Elites Get Rich, Helping China to Win.
01:26:25.660
And a lot of it has been about you've actually had laws changed because of what you have uncovered
01:26:36.320
You have told me this is the most frightening book that you have done research for.
01:26:43.040
Yeah, it is because of the breadth and the depth of it.
01:26:46.880
You know, I've looked at insider trading on the stock market.
01:26:51.380
And those are really troubling cases that, to a certain extent, you could argue were somewhat
01:26:58.680
When you're talking about China forging commercial ties with the American political class to co-opt
01:27:06.060
You're talking about the president of the United States.
01:27:08.260
You're also talking about leaders in the House and the Senate.
01:27:10.460
When you go to Silicon Valley, it's all the big names in Silicon Valley.
01:27:17.300
You go to Wall Street, it's all the big Wall Street financial firms.
01:27:25.480
It's almost an entire class of people, Glenn, that are currying favor with Beijing and I would
01:27:32.520
argue doing their bidding in very important and significant ways.
01:27:35.660
Tonight, Peter and I are going to the chalkboard and we're going to lay it all out for you, especially
01:27:53.900
And it's clear it's clearly illegal and it's provable.
01:28:02.080
And you and I are, we were just talking earlier, we grew up in the same area, around the same
01:28:09.640
Could you imagine if the Carter family or the Reagan family had done deals with Russian
01:28:31.840
That's precisely what you have with the Bidens.
01:28:34.640
And I'm looking forward to tonight mapping this out.
01:28:39.980
This all comes from Chinese corporate records and documents and from Hong Kong and from legal
01:28:48.520
$31 million that the Biden families received from businessmen.
01:28:52.860
And every single one of those businessmen, you can trace to the highest levels of Chinese
01:29:01.940
Now, is that like, you know, I got the money from Bob and Bob has a neighbor whose cousin
01:29:07.520
once was at a garage sale of a guy who's up in the Chinese intel?
01:29:16.800
One of the deals Hunter got, you and I have talked about it before, was BHR, this private
01:29:21.180
equity deal, Hunter Biden's taken there as $20 million.
01:29:25.020
He got ownership of this financial management firm.
01:29:27.800
He had no background in finance, didn't bring anything to the table.
01:29:42.560
Or as my kids would say, who made it rain for Hunter in China?
01:29:48.580
And one is a guy named Che Feng, kind of a mysterious businessman.
01:29:52.120
Hunter in the emails calls him the super chairman.
01:29:55.060
And at one point he says, I don't believe in the lottery anymore, but I believe in the
01:30:02.220
So as Che Feng is arranging this deal for Hunter Biden, who is Che Feng's business partner?
01:30:10.260
It's the vice minister of state security for China.
01:30:17.180
So it's not, yeah, it's not just that Russian businessmen, you have Russian businesses, if
01:30:24.360
we go back to the Reagan thing, that the co-chair or the partner is the head of the KGB.
01:30:36.540
And so this guy Magian, who's the vice minister of state security, his job is foreign recruitment.
01:30:46.580
This is the guy whose business partners with the man who sets up Hunter Biden in the private
01:30:52.220
The other man that plays a central role in that deal and who separately transfers $5 million
01:30:58.560
to another Hunter business called Burnham is a guy named Mr. Zhao.
01:31:03.900
So Mr. Zhao, again, makes it rain for Hunter, who is Zhao's business partner.
01:31:10.420
His business partner is the family of the former minister of state security, the guy who runs
01:31:19.220
So when I say the highest levels of Chinese intelligence, I'm not talking about some mid-level
01:31:27.240
And the problem is, Glenn, every single deal that we know of that Hunter got in China has
01:31:33.920
a link to individuals who are juiced in at the highest levels of Chinese intelligence.
01:31:40.540
What are you thinking they're getting in return?
01:31:44.180
What I know is Chinese intelligence does not run a philanthropy.
01:31:49.920
They're not looking to be a drug rehab program for Hunter Biden.
01:31:56.840
They're like, you know, he's really screwed up his life.
01:32:08.560
They want to compromise this political family as they do with other families.
01:32:13.340
But the Biden one is particularly troubling because the concentration of all these intelligence
01:32:18.400
sources and the fact that Hunter does something really weird.
01:32:27.860
This one in the context of who he is doing business with in China is really shocking.
01:32:33.980
In the summer of 2014, Hunter Biden goes to the Secret Service and the Secret Service has
01:32:41.960
He goes to the Secret Service and says, I don't want you guys traveling with me when
01:32:47.520
Now, you know, the Secret Service is going to resist that and say we need to do this.
01:32:53.880
But Hunter Biden insisted and they stopped traveling with him.
01:33:08.160
And the biggest threats you're going to face are going to be overseas.
01:33:10.920
And not to mention honeypots and all the other, you know.
01:33:14.660
So clearly, Hunter did not want to want the Secret Service or federal law enforcement to
01:33:22.820
I think it's also tied to the fact that he knew he was doing deals with people that were
01:33:28.860
Now, the reason why this isn't going to happen is because everybody's doing it.
01:33:42.360
There are Republicans that that that bring up the Biden thing is they should.
01:33:46.520
To me, that is the biggest issue because he's the commander in chief president of the
01:33:50.820
But you've got people in the Republican side of the aisle, Mitch McConnell and his family.
01:33:54.960
What a surprise who who are, let's just say, leveraged to Beijing.
01:34:02.020
Well, so Mitch McConnell is married to Elaine Chao, the transportation secretary of the
01:34:06.480
Her family has a shipping company called Foremost.
01:34:09.520
When they got married back in the early 1990s, Mitch McConnell is a U.S.
01:34:14.680
senator, traveled with his father in law, James Chao, to Beijing to meet with top government
01:34:24.020
There was no political figures going to China at all.
01:34:26.740
They sit down and basically what comes out of that deal is an agreement that China is going
01:34:34.460
And so it goes from being a small company with a couple of ships to today, it's a massively
01:34:44.380
And so what does China do for Mitch McConnell's family?
01:34:48.800
They build all the ships, the massive super bulkers that they build all the ships, the financing
01:34:58.280
You know, one ship can be a hundred million dollars.
01:35:08.020
Is there any way to do business in China without communists?
01:35:12.420
Maybe if I buy a bag of potato chips from Beijing.
01:35:16.880
This is Bank of China, which is the Chinese government.
01:35:21.920
I would like to point out, I think Bank of America is directly connected to the U.S.
01:35:31.800
You've got them being financed by state controlled banks.
01:35:34.520
The cruise are all Chinese provided by the Chinese government.
01:35:38.500
And most of their contracts are shipping state owned enterprise goods around Asia.
01:35:45.360
So when I mean leverage, the Chinese government, if Mitch McConnell were to do something they
01:35:50.540
did not like, could literally destroy the family business overnight.
01:35:59.620
If we can capture foreign elites, make them sort of bend to our will, then we are effectively
01:36:09.220
Tonight, we're going to outline all of this from the White House to Wall Street to the Capitol.
01:36:16.200
We are going to put a chalkboard together and Peter is going to be there.
01:36:22.840
So, you know, this is this is why we are this is why we're not serious about China.
01:36:29.520
This I mean, when Donald Trump, you know, he's got a deal and maybe he's going to build a hotel
01:36:48.220
There's no maybe the 30 million dollars has already arrived to their bank accounts.
01:37:02.180
The question is, have we already been sold out to China so far that nobody's going to do anything?
01:37:15.180
We'll continue our conversation with Peter Swiser coming up in literally one minute.
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So in the book, you talk that you say that there are 20 former U.S. senators or members of Congress that went to work for the Chinese intelligence military.
01:38:51.600
Yeah, they lobby on behalf of Chinese intelligence or military related companies.
01:38:57.820
So these are the companies that develop the software to spy on the Uyghurs.
01:39:02.880
These are companies that are involved in developing military related technologies.
01:39:07.380
These are companies like Huawei, which, you know, both the Obama and Trump administration said is a proxy for the military and their technology is used by the Chinese intelligence and military to spy on Americans.
01:39:21.600
These are former senior Republicans and Democrats from the Senate and House who are getting paid large sums of money, in some cases, a million dollars a year to lobby on behalf of these reprehensible companies.
01:39:33.560
And these companies, you followed the thing on the 5G.
01:39:48.960
Gave them, I think, double what they were asking for in bandwidth.
01:39:54.660
And then suddenly, as it's getting ready to roll out, they say, whoa, whoa, whoa.
01:39:59.000
And I talked to the FCC commissioner and I said, I think this is I think this is the Biden administration and others saying, no, stall that because it only helps Huawei and hurts us.
01:40:12.420
If we can't roll it out across Europe, well, they're going to go with China.
01:40:25.260
You know, the future in technology is artificial intelligence.
01:40:29.720
And what experts will tell you is what matters in artificial intelligence is a data.
01:40:38.740
Part of it is because they have so many people.
01:40:40.880
Part of it is they have this intrusive state so they can collect data on whatever they want.
01:40:45.480
Part of it is they collect data on Americans through tick tock and through these other, you know.
01:40:52.600
Because I'm going to play this to my kids because my kids roll their eyes when I'm like, it's Chinese.
01:41:06.040
No, I mean, tick tock is a Chinese owned controlled company and tick tock censors.
01:41:11.780
I mean, there are people that have put up sort of anti CCP statements about human rights abuses.
01:41:19.080
They shut them down and they allow other political content.
01:41:22.100
So, you know, the thing people have to understand is that if you are a major player in China, meaning a major company, you are fused to the state completely and entirely because that is the way Xi has changed this country.
01:41:36.800
It used to be that way, but it was softer over the last 10 years with Xi.
01:41:40.640
He is moving in a direction where they are fused together.
01:41:43.460
And what he has said, Glenn, repeatedly, I mean, it's not you don't have to try to figure it out by divining the tea leaves.
01:41:49.480
What he said repeatedly and bluntly is that the technological race with the United States is a war and China intends to win the war.
01:42:00.620
And the to achieve the commanding heights, in his words, in this war, he wants to win the battle of artificial intelligence.
01:42:09.300
So what's so what's happening, Glenn, what's happening is Google and Microsoft.
01:42:14.280
I talk about this detail in the book are financially supporting and providing technical support to research labs in China that are known to be entirely fused with the Chinese military.
01:42:27.000
So you have two of America's most powerful technological companies aiding and abetting Beijing in their competition with us, Microsoft, Microsoft.
01:42:36.980
Maybe you need to think about this here, Glenn.
01:42:39.380
Microsoft accepts interns from the People's Liberation Army.
01:42:45.120
You know, the notion that they would wander around, it's just unbelievable.
01:42:52.380
They don't feel that they are, you know, particularly American.
01:43:03.120
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We have an amazing update from CNN that we have to pass on.
01:45:06.060
He says, as part of the investigation into Chris Cuomo's tenure at CNN,
01:45:09.900
I was asked about a consensual relationship with my closest colleague,
01:45:13.160
someone I've worked with for more than 20 years.
01:45:15.280
I acknowledge the relationship evolved in recent years.
01:45:17.940
I was required to disclose it when it began, but I didn't.
01:45:34.460
Intentionally with knowledge of this and pissed off.
01:45:40.160
But now what is not speculation is the Cuomos have now brought down Andrew Cuomo,
01:45:53.760
And by the way, the person he had an affair with,
01:45:56.960
who is the, I believe, the chief marketing officer of CNN,
01:45:59.900
is a former Andrew Cuomo aide turned CNN executive.
01:46:10.800
How did we not have, or at least be offered sex when we worked for it?
01:46:19.980
There's an advantage to being ugly and conservative.
01:46:22.800
You just don't get those kinds of offers, I guess.
01:46:27.820
Peter, let me stay on the media here for a second.
01:46:30.400
Have you seen the latest from the New York Times?
01:46:33.500
That you, it's translated into Chinese, all the stories?
01:46:41.780
And it doesn't surprise me, because all these major news outlets are screaming to get into China.
01:46:47.500
Some of them are owned, of course, like Disney owns ABC News.
01:46:51.200
They're eager to open up more theme parks and their films.
01:46:54.700
You cannot count on the media, major media outlets, I think, to do coverage on China,
01:47:00.120
because they're so desperate to get in there and do business.
01:47:02.440
So why is that part of the reason why no one will expose the corruption in Washington and in Silicon Valley?
01:47:09.360
I mean, it's what they used to call in the Cold War days a mutual non-aggression pact.
01:47:15.080
So you've got major Republicans, major Democrats.
01:47:18.140
So, of course, you're not going to have Mitch McConnell call out Joe Biden's family ties to China,
01:47:22.960
because obviously people would ask questions about his.
01:47:26.740
Certainly, I think the Biden ones are much more troubling than McConnell's are.
01:47:32.980
I mean, it puts it puts Afghanistan into question.
01:47:40.880
Our what billion dollar airport we handed to China.
01:47:47.340
You know, the the idea of just even the Olympics.
01:47:52.460
It just the question of the origins of the covid virus.
01:47:56.680
You know that that he says that, oh, I've I've asked President Xi about this.
01:48:03.820
And now some of his aides have come out from the White House saying, no, we don't recall that ever coming up in the conversation.
01:48:09.120
To me, the origins of the covid virus are like a basic fundamental question we all in the United States want answered.
01:48:20.140
The people that don't want that question answered are these elites that are tied in with Beijing.
01:48:25.260
In the U.S. House of Representatives, Nancy Pelosi, who I lay out her family's ties as well, since January of 2020, when covid started, Glenn, she has refused to allow a single congressional hearing to even discuss the origins of covid.
01:48:45.760
Was it just, you know, something that naturally occurred?
01:48:48.840
She won't even allow a congressional hearing on that very basic question.
01:48:53.060
Well, they said that Donald Trump was a racist when he was saying it's China.
01:48:58.860
It is so clearly at least very, very, very possible.
01:49:06.080
I mean, I think to the point to where, I mean, you're a moron if you don't think that we should just at least really look into it.
01:49:15.880
And they I mean, they immediately all dogpiled on Donald Trump.
01:49:20.740
The just the the trade barrier that Trump put up.
01:49:29.520
And I talked to the president at the time, the first time we had spoken in like three years.
01:49:34.100
And he called me and I said, you know, I am not a fan of trade barriers, but China is a different story.
01:49:48.720
And he's really the first national leader in the United States that has said that we've had this consensus among Republicans and Democrats, Bill Clinton, George W.
01:50:00.000
The idea that if we just give them open access to our markets, we give them access to our capital, we give them access to our technology.
01:50:12.900
It has been catastrophically incorrect and wrong.
01:50:19.300
But but everybody knows that now the problem is people keep clinging to this idea.
01:50:29.900
What they mean by engagement is give them access to our capital and our technology.
01:50:35.960
The the what they're looking for from these elites is not a robotic following of everything they want.
01:50:41.360
If if you come out, if Pelosi comes out and condense them for the Uyghurs or Joe Biden says, oh, the human rights are terrible, they don't care.
01:50:49.240
Their strategic principle loosely translated to English is they want big help with a little bad mouth and the little bad mouth.
01:50:58.020
They understand to maintain viability and credibility.
01:51:01.540
You have to criticize China from time by time to time.
01:51:04.760
The question is, are you going to do anything about the things they really care about, which is access to finance and access to technology?
01:51:12.240
And as long as you don't do anything there, they're very happy.
01:51:15.500
And that is exactly the posture of the Biden administration.
01:51:19.140
We have people who were former defense secretaries.
01:51:23.700
We have people in the Pentagon that have deep ties to China.
01:51:33.900
You've got you've got a Bill Cohen, who is the former secretary of defense in the Clinton administration.
01:51:40.140
He's now got a slew of retired generals and including, you know, people that served in the in the Trump administration.
01:52:02.400
And so that's why he when he called the Chinese and said, look, they're not going to.
01:52:09.900
So we're probably talking about two different things.
01:52:15.960
When he served in the Trump administration, was seen as more pro China than others were.
01:52:24.560
And the Cohen group has all kinds of agreements in China business.
01:52:28.920
In fact, one of the things that the fence, they they primarily helping Chinese state owned companies capture foreign markets.
01:52:38.420
They work with and for Chinese state owned companies, helping them gain markets overseas.
01:52:44.820
And I quote from a meeting that was published in the Chinese media of Bill Cohen meeting with the Chinese official on this and saying, yes, we're eager to help you expand your market reach around the world.
01:53:05.540
No, nothing that I've seen on Millie, but but it's a problem with a lot of retired generals, former CIA.
01:53:13.760
A lot of former secretaries of state have have them.
01:53:23.260
Madeleine Albright, 40 percent of her business is doing business in China.
01:53:40.540
They know that every bit of technology they help them with is helping China round people up to kill them or to sterilize them or to reeducate them or to make them literally into a state slave.
01:54:03.720
There's a few people that are probably a little less well known.
01:54:09.340
He was one of the co-founders of PayPal and others.
01:54:11.960
He's been outspoken and has called out these big tech companies for doing this.
01:54:17.100
I don't know if that makes him less popular among those titans.
01:54:23.740
The founder of DocuSign, which, of course, a lot of people have been using, has been critical of cooperation with China.
01:54:31.520
There are a few others, but all the big ones, Bill Gates of Microsoft, neck deep in China.
01:54:35.760
He's trying to help China build nuclear reactors that have military application.
01:54:41.320
He is invested in a company called BYD, along with Warren Buffett, by the way.
01:54:48.180
BYD develops technologies that are applied to Chinese missiles.
01:54:53.960
Their launch technology, which, of course, the missiles are targeted at the United States.
01:54:58.920
This is the sort of thing that's going on, and there's no accountability, and nobody is challenging them on it, and we need to change that.
01:55:06.340
By the way, I don't know if I know you know this, but didn't Biden just pardon some university professors that were caught up in China, right?
01:55:21.620
If you're a researcher receiving federal money for research at a university in the technology field, you're required to disclose if you have any foreign contracts.
01:55:30.580
And obviously, they're concerned most about Russia and China.
01:55:33.780
And these individuals, these professors did not.
01:55:42.560
I mean, unless it's with China, apparently, because then you can have the charges dropped.
01:55:48.780
So this creates, in my mind, open season for these researchers.
01:55:53.820
And unfortunately, a lot of them don't feel more to the United States to where, no, I want to help my country succeed in this tech race.
01:56:03.480
A lot of them act like hired guns, and they're willing to do it.
01:56:07.380
And the universities themselves are increasingly taking foreign donations from lots.
01:56:18.180
They founded state-backed companies like Alibaba.
01:56:21.740
They're sending hundreds of millions of dollars to college campuses.
01:56:24.640
And the universities are required by federal law to say, we got a foreign donation from China, but they either don't disclose it, or the Chinese titans set up an entity in California and make the donation, pretending that it's not actually coming from China.
01:56:45.200
So you have universities that are hiding the fact that they're getting money with strings attached from Beijing, and we need to call them out.
01:56:52.760
So a huge chalkboard tonight with Peter Swiser.
01:56:58.940
It's, I mean, there are so many things to worry about, but China is the new model for us.
01:57:07.460
And if we don't get our people out of business with China, we're either going to be under our own kind of totalitarian regime, or we'll be under a Chinese totalitarian regime.
01:57:26.040
Tonight, we're going to show you what happened and give you some of the highlights of his new book, and also, what can we do about it?
01:57:36.640
Remember, Peter has had Congress change laws about them.
01:57:43.780
All it requires is people to know about it and to stand up.
01:57:48.180
And this is, I think, would you agree this is treason in some cases?
01:57:56.040
That's a pretty big charge, and he'll prove it tonight at 9 o'clock only on blazetv.com slash Glenn.
01:58:05.440
Use the promo code Glenn and save on your subscription.
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01:59:48.500
With everything that is going on, you can see that the center will not hold if we don't have a center.
02:00:00.220
It means being centered in reality, in good things, in decency, in empathy, in all of those things.
02:00:13.080
I was reading a story the other day, Glenn, where they were talking about dating.
02:00:17.680
And now, as you and I, we're quite a ways away from dating at this point in our lives.
02:00:25.600
But apparently, as you may know, a lot of people use the intranets now for their dating.
02:00:33.660
This is a fascinating take on this because everyone is on the apps now.
02:00:39.580
And part of that is because there's a recording of consent, right?
02:00:45.700
The person is consenting to you through a digital device and giving you a digital consent that, yes, we want to talk.
02:00:52.960
And then they describe the other side of this, the old school way, the way everybody as of 10 years ago met whoever they married.
02:01:00.640
And that's now seen as like the creepy thing, right?
02:01:07.520
You have some other expectation while you're talking to them about work or whatever.
02:01:13.240
And that's now presented as the whole thing has been reversed.
02:01:22.360
For instance, I've always thought that it was the right thing and it would be successful in business if you keep your nose clean.
02:01:31.980
Zucker has just stepped down because he was having an affair with somebody in Cuomo's office.
02:01:38.940
And that's why they were protecting the other Cuomo on CNN for so long.
02:01:56.660
Anybody have any dirt on anybody powerful that we could use?