The Glenn Beck Program - Hyperinflation May Be Only the Beginning ｜ Guest： Yukong Zhao

00:00:00.000 May I suggest that in the next 30 minutes, next hour and a half, for sure, you are going

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00:00:47.020 What's the word of the day?

00:00:48.760 Transitory.

00:00:49.620 Transitory.

00:00:50.400 Oh, it's going to take on all kinds of new meaning for you here in just a minute.

00:00:54.560 Stand by.

00:00:55.140 The show begins.

00:00:58.840 See you.

00:00:59.700 See you.

00:01:11.380 See you.

00:01:12.420 What you are about to hear is the fusion of entertainment and enlightenment.

00:01:36.060 This is the Glenn Beck Program.

00:01:42.420 Hello, America.

00:01:44.360 Welcome to the program.

00:01:45.920 First things first.

00:01:49.260 Governor Santous.

00:01:53.380 Governor DeSantis.

00:01:55.520 What you're thinking of is Governor Death Santus.

00:01:58.040 Right.

00:01:58.860 Because of what he's doing.

00:02:00.460 Killing old people.

00:02:03.420 Good God almighty.

00:02:04.840 Is this how we're going to start the show?

00:02:05.900 Stop the music.

00:02:06.860 Stop the music.

00:02:07.900 Can you go back to the beginning?

00:02:09.840 Let's just go back to the.

00:02:11.000 Can you do that?

00:02:11.580 Can you reload the theme?

00:02:12.900 Reel the theme back.

00:02:14.100 We're just stations.

00:02:15.180 Edit this part out.

00:02:16.240 Yeah.

00:02:17.540 Because this is ridiculous.

00:02:19.560 I mean, I am a famed broadcaster.

00:02:22.320 Go ahead.

00:02:22.680 Start all over again.

00:02:23.980 Radio Hall of Fame, by the way, we should point out.

00:02:25.880 What did you say?

00:02:26.160 You're in the Radio Hall of Fame.

00:02:28.760 I know.

00:02:29.640 Well, that's why we're editing.

00:02:31.400 Okay.

00:02:31.680 Yeah.

00:02:31.940 No one will know.

00:02:32.840 Okay.

00:02:33.060 We're starting over again.

00:02:34.060 Okay.

00:02:34.160 Here we go.

00:02:34.480 What you were about to hear.

00:02:42.700 Yeah.

00:02:43.080 There was Death Santas.

00:02:44.420 It's the fusion of entertainment and enlightenment.

00:02:47.160 This is the Glenn Beck Program.

00:02:52.940 Hello, America.

00:02:54.580 It's like we just did this.

00:02:57.220 Welcome to the program.

00:02:59.300 First things first, Governor DeSantis.

00:03:01.820 Yes.

00:03:04.820 Thank you.

00:03:06.400 Not only returning everything to normal, but he also stopped the state of emergency.

00:03:14.460 Florida is no longer in a state of an emergency.

00:03:18.140 Every state must end their state of emergency.

00:03:22.560 You'll understand why here coming in a few minutes.

00:03:26.380 I am going to teach you a new word today.

00:03:29.500 You've heard it a million times, but now it's everywhere, and there's a good reason.

00:03:35.520 What's the word of the day, Stu?

00:03:37.600 Transitory.

00:03:38.360 Transitory.

00:03:38.960 I'll explain in 60 seconds.

00:03:41.980 Good recovery.

00:03:43.140 Thank you.

00:03:44.040 What recovery?

00:03:45.840 Really?

00:03:47.360 Oh, we're live?

00:03:48.680 When did that start?

00:03:50.000 Why didn't you tell me that?

00:03:51.740 Sherry lives in Michigan.

00:03:53.340 She's got herself a pretty sweet husband.

00:03:55.600 She used to suffer almost constantly from pain in her hips.

00:03:58.760 It was to the point she had difficulty even getting around the house.

00:04:01.540 And her husband, sweet guy, what a great guy, decided that he would get on the internet

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00:04:08.900 He happened across Relief Factor during his search.

00:04:12.280 He wouldn't have had to have done that if he was such a great guy.

00:04:15.060 You could have been listening to this program.

00:04:17.020 They decided Sherry should give it a try.

00:04:19.980 She said, okay, I'll try it.

00:04:21.780 She had nothing to lose except, you know, 20 bucks if it didn't work.

00:04:25.140 Hopefully it would work for her.

00:04:26.760 She'd be one of the 70% and her pain would be gone.

00:04:30.120 So she ordered the three-week trial packet.

00:04:33.040 Sherry began taking it.

00:04:34.560 By week two, she said she was feeling so much better.

00:04:36.720 She was able to get around with no problems at all.

00:04:38.500 These days, she has no pain at all.

00:04:41.940 The cure for her?

00:04:43.480 Relief Factor.

00:04:44.960 It works on inflammation and I know.

00:04:47.280 I mean, every time I hear that, I'm like, oh, let me get out of the big guns.

00:04:50.380 I'm going to take ibuprofen 800.

00:04:51.760 I got to get a prescription for that.

00:04:53.340 I couldn't just take four tablets over the counter.

00:04:57.960 I need a doctor to write something that heavy.

00:05:00.860 And I never think anything works on that.

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00:05:11.440 It's ReliefFactor.com, 800-583-84, 800-583-84.

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00:05:19.340 Tomorrow night on Glenn TV.

00:05:21.520 Americans are constantly told conservatives want voter suppression.

00:05:25.540 Police are systemically racist.

00:05:27.460 Equity trumps equality.

00:05:29.400 What's the truth?

00:05:30.740 Is America a racist nation?

00:05:33.120 Glenn investigates the big lies from the left,

00:05:35.900 shares the real data on police violence,

00:05:37.880 and debunks the race baiters that continue to divide our country.

00:05:41.440 Get the facts to fight back.

00:05:43.600 Tomorrow night, 9 p.m. Eastern, only at BlazeTV.com slash Glenn.

00:05:48.280 It's going to be a great show tomorrow on Blaze TV.

00:05:51.760 Please, we need your support now more than ever.

00:05:55.300 Join us at BlazeTV.com slash Glenn.

00:05:58.060 Use the promo code Glenn and save on your subscription.

00:06:02.660 Okay, today is a day I hoped would never come.

00:06:07.220 Today is a day that I need to tell you something really seriously.

00:06:11.440 I ask that you give me 90 minutes today.

00:06:14.680 I know that's a lot to ask.

00:06:17.020 I'm not going to lead with a sexy headline.

00:06:21.260 In fact, I'm going to spend the first couple of minutes giving you perspective of what other people are saying.

00:06:27.520 But I think when you see the credibility of the people that are saying what I've been telling you is coming,

00:06:34.520 you will understand I need to spend the time.

00:06:40.440 If you don't have the time now, I ask that you listen to our podcast today

00:06:43.860 and make sure you get the full story on the economy.

00:06:48.600 That's what we're going to talk about and the word of the day, transitory.

00:06:58.220 Transitory.

00:06:59.740 Stu, what's transitory mean?

00:07:02.440 Short-lived?

00:07:03.480 It comes and it goes, Glenn.

00:07:06.820 Comes and it goes.

00:07:07.360 Comes and it goes.

00:07:08.120 Now, you're going to hear that everywhere.

00:07:10.740 Everywhere.

00:07:11.700 When people are talking about the economy.

00:07:13.800 Because they're going to start to tell you that our inflation is transitory.

00:07:18.680 Not a big deal.

00:07:19.980 It comes and goes.

00:07:21.140 It's going to be here for a while and then it'll be gone.

00:07:23.860 Transitory.

00:07:24.340 Let me give you now quickly the headlines that show you what the mainstream,

00:07:31.120 what your friends and neighbors will be told.

00:07:34.120 This is from the New York Times.

00:07:35.700 Widespread commodity shortages raise inflation fears.

00:07:40.380 This is a story about how lumber is going up and copper and everything else.

00:07:46.560 The Fed, the Fed, the president of the New York Federal Reserve,

00:07:52.000 delivered a message yesterday.

00:07:53.840 His name is John Williams.

00:07:56.020 He's one of the top officials at the U.S. Central Bank.

00:07:59.680 He says that inflation is going to run above the 2% target for the rest of the year.

00:08:07.380 Hmm.

00:08:08.080 Yeah.

00:08:08.580 But he expects inflation to subside to 2% by 2022.

00:08:15.780 As things really kind of reopen and everything comes back to normal.

00:08:21.220 So it will be transitory inflation.

00:08:25.600 And he also says, and I want you to take this seriously because I am not claiming to be smarter than the people who have actual degrees in these,

00:08:34.000 these topics.

00:08:35.780 I do believe that I come at this from a different angle because I haven't been professionally and carefully taught about how these things work.

00:08:46.880 I use common sense and common mathematics.

00:08:50.360 He said it's important not to overreact to this volatility in prices resulting from the unique circumstances of the pandemic and instead stay focused on the underlying trends of inflation.

00:09:03.040 So we have had good inflation numbers for quite some time.

00:09:07.160 And that's been the trend.

00:09:08.740 So this one is transitory.

00:09:11.600 It's just because we shut down the economy and now everybody is coming back into place.

00:09:18.060 Transitory.

00:09:18.660 Transitory.

00:09:19.180 Okay.

00:09:19.740 Transitory inflation.

00:09:20.900 That is a good possibility of what he's saying.

00:09:26.040 Look, the world has been shut down.

00:09:27.480 So we have a shortage of stuff.

00:09:28.820 And so it's going to get really expensive.

00:09:31.480 But then when the world starts making things and goes back to normal, remember, the world has to go back to normal.

00:09:39.400 When the world goes back to normal, the prices will subside.

00:09:43.760 Now they'll come back to where they they should be.

00:09:46.820 That's the theory.

00:09:49.060 What causes inflation to.

00:09:52.520 Too many dollars chasing too few goods.

00:09:55.280 Okay.

00:09:56.160 All right.

00:09:56.620 So when people what's going to happen is his theory is we have we have people that have been pent up inside and they're going to go outside.

00:10:05.880 They're going to start spending their money.

00:10:07.840 But because they've been inside, nobody's been making these products.

00:10:12.120 Right.

00:10:12.840 And so because they're making these products and making these products, there's going to be too few goods.

00:10:19.800 For too much cash.

00:10:21.820 What do you normally do to curb inflation?

00:10:25.440 Usually they hike up interest rates.

00:10:28.600 Why would you do that?

00:10:30.560 It's going to cause people to want to save money more and not spend it.

00:10:36.880 Actually, the reason why interest rates go up is because the bank charges, let's say, 5% interest, but the Fed may charge 10% interest.

00:10:50.300 Okay.

00:10:50.740 So then the bank has to charge 12%.

00:10:53.240 So they get their 2%.

00:10:55.320 But that rest of that money goes back to the Fed to be burned.

00:11:00.120 Okay.

00:11:01.120 So you pull all of this extra money back in.

00:11:05.600 You have too much money.

00:11:07.280 So you pull it back in.

00:11:09.480 That's important because we've just printed $19 trillion.

00:11:15.580 All right.

00:11:17.400 Okay.

00:11:18.800 All right.

00:11:19.520 So it's transitory.

00:11:21.520 Here's another Federal Reserve president.

00:11:23.920 This is Thomas Barkin telling CNBC yesterday.

00:11:27.600 I think you're going to see price pressure this year.

00:11:30.220 There's a strong demand situation.

00:11:32.120 And you've got constraints in supply.

00:11:34.620 When those things happen, you're going to see price pressure.

00:11:38.020 Price pressure is a fancy way of saying inflation when you don't want to say inflation.

00:11:44.800 Inflation is a recurring phenomena, he said.

00:11:48.000 Prices go up this year.

00:11:49.280 Prices go up next year.

00:11:50.860 I think it's fair to argue the question whether the combination of supply chain constraints and stimulus-driven price increases actually revert next year.

00:11:59.500 So he's not sure.

00:12:02.900 It's a fair argument to say it may not be transitory.

00:12:07.060 Okay.

00:12:07.840 Let me give you some just of the stats.

00:12:12.780 If you have a used car, the value of your used car in the last 24 months has gained more value than the S&P 500.

00:12:25.980 There is a shortage of used cars.

00:12:33.180 Now, they're spinning this as this is great because their car is going to be worth more.

00:12:40.980 So they'll trade it in and they'll buy a new car.

00:12:43.940 But why are people buying used cars?

00:12:46.960 Why is the value of a used car going up instead of a new car if we're flush with cash?

00:12:58.460 Over the past year, we have pumped more money into the financial system than ever before.

00:13:05.460 Bloomberg is a little more honest using the term when they talk about rising prices instead of inflation.

00:13:13.840 They're talking about skyrocketing commodity prices.

00:13:19.320 What does skyrocketing mean?

00:13:21.500 Lumber up 265 percent.

00:13:24.660 Crude oil up 210.

00:13:26.580 Gasoline 182.

00:13:28.460 Heating oil up 107.

00:13:31.420 Corn up 84 percent.

00:13:33.580 Do you know how much corn is used in almost everything from corn syrup to corn flakes?

00:13:40.700 Almost everything has corn in it.

00:13:43.960 Copper up 83 percent.

00:13:46.020 That's just the beginning.

00:13:47.220 Soybeans 72 percent.

00:13:49.100 Silver 65.

00:13:50.200 Sugar 59.

00:13:51.960 Cotton 54 percent.

00:13:54.060 Natural gas up 43.

00:13:55.480 Wheat up 19 and coffee up 13 percent.

00:14:00.440 These numbers are called supply chain disruptions and transitory increases.

00:14:09.920 Transitory.

00:14:10.400 Transitory.

00:14:12.180 Okay.

00:14:14.080 That is the good news.

00:14:18.920 That's the defense.

00:14:21.500 That is the, hey, it's transitory.

00:14:26.680 Yes, we'll have maybe even skyrocketing prices.

00:14:30.840 But these things come and go.

00:14:33.400 Okay.

00:14:35.860 From Bank of America.

00:14:41.100 Last week.

00:14:43.100 Sorry, two weeks ago.

00:14:44.620 They had their latest earnings call commentary.

00:14:49.100 Now, Bank of America, you want to understand, listens to earning calls for the stock market.

00:14:57.900 And what those earning calls are, it's corporations, the CEO, CFO, they give the report and they say, hey, here's what we're experiencing.

00:15:07.760 This is it helps people look to the future.

00:15:10.780 If you're buying into the stock market, part of the intrinsic value now is not how much a company is making, not based on anything real, actual, I can count it right now.

00:15:23.980 No, we're looking at future earnings.

00:15:26.580 So now, two weeks ago, Bank of America said that, and I'm quoting, buckle up, inflation is here, end quote.

00:15:38.560 They showed a chart of the number of mentions that CEOs or CFOs made on their earnings call.

00:15:46.320 And it was the biggest jump in history since Bank of America started keeping record of these.

00:15:56.400 It exploded more than tripling the year over year per company.

00:16:04.260 And that's, they said two weeks ago, mentions of inflation on calls more than tripled so far, pointing to higher inflation, end quote.

00:16:13.840 Okay, well, we all know that.

00:16:16.500 But they're not talking about what's right now.

00:16:18.960 They're talking about the future.

00:16:21.220 So if you know and I know inflation is here, what are they saying for future earnings?

00:16:27.800 Now, that was oh so last week.

00:16:33.100 They needed a bigger chart this time.

00:16:35.880 Bank of America writes, after the third week of earnings, mentions of inflation have now quadrupled year over year.

00:16:47.880 And after last week, mentions have jumped nearly 800%.

00:16:54.540 So let me have them explain what this means.

00:17:02.020 I'm reading from the Bank of America report.

00:17:05.880 Inflation trends running hot as margins hit record highs.

00:17:12.340 We noted during week two that mentions of inflations quadrupled year over year.

00:17:17.880 After last week, mentions have jumped nearly 800% year over year.

00:17:23.420 Exhibit 10.

00:17:24.140 On an absolute basis, mentions skyrocketed to near record highs, pointing to, at the very least, transitory hyperinflation ahead.

00:17:40.500 Again, this is from Bank of America's earnings report, the report on all of the earnings from companies, pointing to, quoting, at the very least, transitory hyperinflation ahead.

00:17:58.960 Not to worry, they go on, inflation risk is most prevalent in materials, consumer sectors, and industrials.

00:18:11.020 So if you're buying ring net doves, you're going to be fine.

00:18:17.480 And don't worry, hyperinflation, according to Bank of America, hyperinflation, which is at the very least, will be transitory.

00:18:34.320 Well, I think, generally speaking, genocide is also transitory, is it not?

00:18:41.940 Comes and goes, Glenn.

00:18:42.740 Comes and goes.

00:18:43.580 They start doing genocide, and then they stop.

00:18:46.000 It only happens for a while.

00:18:48.120 Why say genocide when we should say, Hitler engaged in transitory genocide?

00:18:53.980 Okay, so what does all of this mean, and what do you do?

00:19:04.580 In 40 minutes, 38 minutes from now, I will give you a list of things to do.

00:19:13.940 But there is more that you need to understand.

00:19:18.460 Please don't go anywhere.

00:19:20.580 If you have to, please get this episode and share this episode with your friends.

00:19:27.400 If you are prepared, you will be better than everybody else.

00:19:34.060 You'll be better than everybody else.

00:19:36.360 But you need to prepare.

00:19:39.380 Transitory hyperinflation is coming.

00:19:45.420 Back in a minute.

00:19:46.460 Okay, everything you do, you need to save money.

00:19:53.780 Everything you do, you need to save money.

00:19:57.220 You also need to deal with companies that are not part of this great reset, are not part of this crackdown that is coming.

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00:21:04.480 Ten seconds.

00:21:05.500 Station ID.

00:21:18.440 All right.

00:21:21.540 I want to talk to you a little bit about, um, taxes here quickly.

00:21:25.400 Uh, the wealthy may, uh, face now under a wealth tax, 61% tax rate, 61% on inherited wealth.

00:21:39.800 Um, there is also a marriage penalty under Biden's new tax plan that is coming.

00:21:46.280 If you are a single person, you make $452,700, you're fine.

00:21:53.220 Uh, you, you, you will not be paying more taxes.

00:21:56.840 Well, you, yeah, you see, he said not a penny more.

00:21:59.300 Uh-huh.

00:22:00.360 Um, but if you're married and your wife or your husband makes some change, that number is 509.

00:22:08.700 So if you're married to a successful person or you're married to somebody who's making, you know, 70 grand,

00:22:13.360 it actually behooves you not to be married.

00:22:18.460 So now we're having a marriage penalty tax, which is really interesting because isn't the latest stimulus,

00:22:25.380 the, the family act, isn't it supposed to be strengthening our families, but this does exactly the opposite.

00:22:33.160 It does not strengthen our families.

00:22:36.680 It's almost like the government is trying to dismantle our families.

00:22:41.960 Hmm.

00:22:44.160 This is the Glenn Beck program.

00:22:46.720 Do not miss the next, uh, 20 minutes.

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00:24:14.560 This is the Glenn Beck program.

00:24:16.600 We're glad you're here.

00:24:18.020 Today we are talking about, at the very least, and I am quoting Bank of America,

00:24:24.140 at the very least, transitory hyperinflation.

00:24:30.860 Comes and goes.

00:24:31.600 Okay.

00:24:33.880 Now.

00:24:35.100 I hope you have a plan, by the way.

00:24:36.720 I do.

00:24:37.040 This doesn't end in like a cliffhanger.

00:24:39.840 You're all probably going to die.

00:24:41.560 No, no.

00:24:42.000 I do have a plan and things that I am doing personally and I highly recommend.

00:24:48.940 I just gave a plan to Pat.

00:24:51.700 He just walked in a little white and I gave him a plan for him and reasonable.

00:24:58.820 Yeah.

00:24:59.480 Yeah.

00:24:59.980 For him.

00:25:00.400 Yeah.

00:25:00.620 Yeah.

00:25:01.140 So we have that coming up here in just a minute.

00:25:04.800 First, I want to talk to you about another pressure.

00:25:10.820 Our government is not just printing the money.

00:25:15.200 Somebody is on the hook for that money.

00:25:17.900 And right now, it's the Federal Reserve.

00:25:21.180 The Federal Reserve is not part of the American government.

00:25:28.060 It is the five largest banks in America.

00:25:33.120 That's who the Federal Reserve is.

00:25:36.100 And if you think the five largest banks are just going to take it and be left holding the bag,

00:25:43.880 you're mistaken.

00:25:44.700 Most people are aware, I hope, that the Federal Reserve and the government have pumped trillions of dollars into this economy just because of COVID.

00:25:57.760 They've done it through a combination of things.

00:26:02.580 Free cash provided by the government to individuals.

00:26:05.600 Free.

00:26:06.100 Remember that.

00:26:07.160 Forgivable loans to businesses.

00:26:09.980 Hundreds of billions in loan forbearance on mortgages, meaning you would have defaulted,

00:26:16.140 but they said no hold off student and car loans forbearance as well.

00:26:21.260 And a myriad of other spending that adds up northward of $12.4 trillion in direct COVID-19 stimulus and $19 trillion in total economic stimulus,

00:26:36.540 including money that is not directly tied to COVID.

00:26:39.820 A good deal of the deficit has been taken on by Uncle Sam, and it was directly financed by the Federal Reserve.

00:26:49.400 So what does that mean?

00:26:51.160 That means the Federal Reserve purchased themselves U.S. Treasury bonds, but they purchased them with bogus money.

00:27:00.020 They printed the money, bought the bonds, and then put that on their records as, you know, okay, so we have these bonds as investments.

00:27:09.800 But they don't want the investments.

00:27:13.060 Listen to this.

00:27:15.160 The Fed has usually held a small amount of Treasury bonds, around $220 billion in 2007 before the crash.

00:27:24.680 However, after the crash of 08, the Fed's holdings of U.S. Treasuries went up to $4 trillion as the Fed printed currency to bail the big banks themselves out.

00:27:37.680 Now, fast forward.

00:27:40.020 The emergency of COVID-19.

00:27:42.740 They have now purchased another $3.6 trillion in U.S. debt, giving Uncle Sam $3.5 trillion to spend however he wants.

00:27:53.160 The net result is the Fed now carries over $7.5 trillion in U.S. bonds.

00:28:00.440 That means the five biggest banks, you don't wonder, oh, the banks are too big to fail.

00:28:04.880 How come they kept getting bailed out?

00:28:06.700 They're getting bailed out because they got a dirty little deal going on with the government.

00:28:10.960 They're financing our politicians' debt.

00:28:14.700 That's 25% of all of our debt held by those banks, and they bought it without ever coming to you.

00:28:21.200 So, we bailed out the megacorporations.

00:28:26.460 We bailed out mortgage companies.

00:28:28.020 We bailed out the banks.

00:28:29.200 We bailed out the airlines, the cruise industries, college, U.S. consumers, small businesses via PPP, farms and ranches.

00:28:37.900 Who's going to bail out the Fed?

00:28:39.900 Believe it or not, there is a plan for this.

00:28:47.460 But first, you have to get yourself into the mindset of a central planner.

00:28:52.420 If you're a conservative, you look at the world differently.

00:29:00.780 You look at it as individuals and individual ownership.

00:29:04.860 But if you're a central planner, you don't.

00:29:07.560 You see pools of capital.

00:29:11.640 According to Alan Greenspan in his remarks in 2005, pools of capital, that's all that money is, are pools of capital that add up to a whole.

00:29:24.320 And that whole can be allocated as needed during times of crisis.

00:29:29.860 What does that mean?

00:29:31.500 I mean, I agree there's pools of capital.

00:29:33.760 There's money in U.S. banks, bank accounts.

00:29:35.900 There's money in the stock market.

00:29:37.440 There's another pool of retirement accounts and pensions.

00:29:40.280 But they're privately owned.

00:29:42.980 And yes, they do add up to the whole economy.

00:29:45.260 But the government doesn't have access to that.

00:29:48.580 Oh, don't they?

00:29:49.480 Statists see these pools of money as untapped assets.

00:29:58.600 The fact that it sits in your pension fund or your bank account doesn't matter.

00:30:02.680 That's an asset that can be tapped for growth.

00:30:08.120 If you think you own your money, think again.

00:30:14.020 The bailout of the Fed.

00:30:16.020 Currently, there are $9 trillion worth of pensions in the U.S., both public and private.

00:30:24.000 That's the teacher's pension, the police, the firemen, the railroad workers, the plumbers, the carpenters, the blue-collar union pensions.

00:30:34.980 The pensions allocate funds for investments to continue to grow to meet retirement benefits of the pensioners.

00:30:40.840 So pension managers invest in stocks and bonds and mutual funds and real estate.

00:30:46.480 They remember those pensions to be able to stay solvent need a return on their investments of at least 7%.

00:30:54.860 Anything below 7% can cause the pension to collapse.

00:30:59.020 As of the end of 2020, U.S. pensions held 15% of pension funds in domestic government bonds.

00:31:07.160 Now, that includes local, state, and federal bonds.

00:31:10.080 That's down.

00:31:11.520 They used to put 31% invested in government bonds in 2008.

00:31:17.080 But now only about 10% of U.S. pensions are really invested in government bonds, U.S. government bonds.

00:31:24.420 It's around $900 billion or so.

00:31:27.760 The reason why is because our government bonds only pay about 1% interest.

00:31:33.940 So you're 6% away from making enough money.

00:31:40.800 So here's how the bailout starts.

00:31:42.780 Beginning now in 2022, the U.S. government is requiring U.S. pensions to reallocate investments,

00:31:52.800 requiring a minimum of 33% or one-third of all pension funds invested in government treasuries.

00:32:01.120 To meet the requirement, pensions are going to be forced to liquidate stocks, real estate, and other investments

00:32:07.580 and shift over to United States government bonds.

00:32:11.360 Because here's the kicker.

00:32:13.420 As part of the emergency powers activated by the executive order because of COVID-19,

00:32:21.360 the Fed, unbeknownst to almost everyone, was authorized to sell bonds on the open market for the first time.

00:32:29.900 They could only do that to banks before.

00:32:32.700 So they have all these treasuries sitting around.

00:32:35.020 Who are they going to sell them to?

00:32:35.960 The banks don't want to buy them.

00:32:36.920 They are the banks.

00:32:37.880 Now, because of the emergency, they're allowed to sell those bonds to anybody.

00:32:45.420 Well, guess who the Fed can now sell them to?

00:32:49.240 The pension funds.

00:32:51.420 This is a dirty, dirty, dirty deal.

00:32:55.460 So how does the government get the pensions to play along?

00:33:00.840 I mean, you're going to lose money, right?

00:33:02.800 They know they're going to collapse if they can't get a 7% return.

00:33:06.920 So what are they going to do?

00:33:09.320 Easy.

00:33:09.840 The United States government has the Benefit Guarantee Corporation, which is now like the FDIC, except for pensions.

00:33:21.400 So the United States government, remember I told you they would do this?

00:33:24.760 Do you remember this?

00:33:25.360 In like 2008, I said their government is going to bail the pensions out.

00:33:29.200 Yes.

00:33:29.700 The government now is on the line for all of the pensions.

00:33:33.260 So if they don't make their return, don't worry, the government will pay for the pensions.

00:33:40.620 We can't pay for Social Security, and they're taking on the union pensions.

00:33:45.640 It's a nice shell game.

00:33:48.840 $9 trillion in U.S. guaranteed pensions, also pools of government, you know, that they could look in, you know, on their bail-in strategy.

00:33:56.960 You have an IRA or a 401k.

00:33:59.440 These are not part of the plan yet.

00:34:02.100 How about a mortgage with home equity?

00:34:04.020 Is that part of a pool that maybe they could access?

00:34:07.300 Savings or checking account?

00:34:08.760 Is that a pool of money that we could almost make these into derivatives?

00:34:13.440 We're not going to actually take the money, but we're going to borrow against that money.

00:34:18.040 Do you see what's going on?

00:34:23.240 These types of required government bond purchases exist.

00:34:27.520 This is not a new thing.

00:34:29.000 It's just new to us.

00:34:30.220 It's never happened before where you have a pension and you have to buy U.S. government bonds.

00:34:36.060 Never happened before in the United States.

00:34:38.320 It has happened elsewhere.

00:34:40.860 China.

00:34:43.080 Venezuela.

00:34:44.700 They have this program.

00:34:47.380 The United States now has this program.

00:34:53.200 What are you going to do with your money?

00:34:54.520 We have plenty of money, but nothing our money can buy.

00:35:02.940 Transitory inflation.

00:35:07.400 Fleeting.

00:35:09.560 Transitory.

00:35:11.040 Hyper inflation, according to Bank of America.

00:35:14.360 What are you going to do?

00:35:18.480 We go there next at the top of next hour.

00:35:23.080 Do not miss today's show.

00:35:25.460 I think it's critical that you listen to today's show.

00:35:30.380 And if you have to go someplace, you have to tune out now, then listen to the podcast.

00:35:36.100 Make sure you listen to the podcast and share this with any friend that you know actually cares about these things.

00:35:45.460 This has nothing to do with politics.

00:35:47.460 This has everything to do.

00:35:49.580 Ronald Reagan talked about this day.

00:35:51.180 As he was running up huge debt, he said, there's going to come a time when we're going to have to make choices and we're not going to like any of the choices.

00:35:59.680 Well, I got news for you.

00:36:00.580 We're past that now.

00:36:02.140 We're past that.

00:36:05.800 What's coming and how to prepare.

00:36:08.180 In just a minute.

00:36:08.980 All right.

00:36:12.020 Let me tell you about my pillow.

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00:36:44.540 They look awesome.

00:36:46.140 They look like moccasins.

00:36:48.220 Oh, but they are much more comfortable, my friend.

00:36:51.900 And wait a minute.

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00:37:17.520 It's MyPillow.com.

00:37:25.900 Let me give you one other story that came out yesterday, completely unrelated.

00:37:30.120 The U.S. non-profit Digital Dollar Project said yesterday it will launch five pilot programs

00:37:39.100 over the next 12 months to test the potential uses of a U.S. central bank digital currency.

00:37:46.660 The first effort of its kind in the United States.

00:37:49.560 So, this will be a digital currency backed by the United States government.

00:37:55.400 What could possibly be wrong with that?

00:37:59.060 The Digital Dollar Foundation and Accenture are putting the Digital Dollar Project together.

00:38:05.280 It is research into a U.S. central bank digital currency.

00:38:13.260 The central banks around the world, including in China and Europe, are revving up its central bank digital currency projects

00:38:20.240 to fend off threats from cryptocurrencies and to improve payment systems.

00:38:25.100 As a guardian of the world's most widely used currency, the U.S. Federal Reserve has been moving more cautiously,

00:38:31.760 but it is now working at a fever pace to be able to catch up, apparently.

00:38:41.020 Isn't that wonderful?

00:38:42.860 I mean, I think they missed the point of a digital currency.

00:38:46.480 One of the reasons you have a digital currency is because you don't trust the government,

00:38:51.780 and the government debases its currency.

00:38:53.920 That's why you would have Bitcoin.

00:38:56.880 Yeah, I don't think they missed that.

00:38:58.800 I think they're very aware that people might figure it out,

00:39:02.060 and they better come up with some other way to stop it.

00:39:06.040 It's the biggest risk of crypto, probably.

00:39:08.460 Probably.

00:39:09.680 Probably.

00:39:10.760 So, you got that going for you.

00:39:13.460 By the way, this would give the central bank total control.

00:39:18.720 Now, they're saying what's great is they can just put money, stimulus money,

00:39:23.520 right into cryptocurrency, right into your account.

00:39:26.880 Because they'll have all the numbers.

00:39:28.300 They'll have everything they need.

00:39:29.560 So, you're not going to have to wait for your tax refund.

00:39:32.220 You're not going to have to wait for stimulus money.

00:39:34.800 They just put it right directly into your account.

00:39:37.600 And some lucky Americans are going to be the first to be able to try this out this year.

00:39:41.500 So, maybe that'll be you.

00:39:43.580 Oh, I can't.

00:39:44.360 Oh, please call me.

00:39:46.440 But I just want to remind you, if they can put it into your account,

00:39:50.600 and of course we know they would never do this.

00:39:55.900 What is the old saying?

00:39:57.920 He that giveth can taketh away.

00:40:00.400 If they can put it into your account, and again, they would never do this.

00:40:09.080 Couldn't they just as easily take it out of your account?

00:40:12.100 Let's say if you were doing something horrible.

00:40:16.260 Just horrible.

00:40:19.000 Like, I don't know.

00:40:21.900 Using horrible language that is so dangerous.

00:40:25.280 You're not talking about hate speech, are you?

00:40:26.940 Well...

00:40:27.300 That's illegal.

00:40:28.120 Or voting for Donald Trump, which would just be...

00:40:31.460 Oh, that would be bad.

00:40:32.120 Horrible.

00:40:32.940 Horrible.

00:40:34.080 I think that's...

00:40:34.840 This is why cryptocurrency is decentralized.

00:40:38.460 Exactly right.

00:40:39.100 The whole point is that you can't have a central authority just pulling it out of accounts that they want.

00:40:42.880 While the people of the world are pushing to go smaller and more individualistic,

00:40:47.420 the governments of the world are pushing to go bigger.

00:40:51.240 We're at the point now where we're going to decide one way or another.

00:40:55.680 This is the Glenn Beck Program.

00:40:57.400 Let me tell you a little bit about Rough Greens.

00:41:00.180 Ever since we put Rough Greens down in the bowl for Uno, he has changed.

00:41:05.440 And the first thing that changed, he wanted to eat.

00:41:08.980 It was crazy.

00:41:10.780 We used to have to...

00:41:11.420 We have to assign people to feed him.

00:41:14.320 He was like, oh, it's not my turn to feed the dog.

00:41:16.300 And it's not because we're lazy.

00:41:17.320 Because you had to sit there for 20 minutes and not move.

00:41:20.380 Otherwise, he'd stop eating.

00:41:21.660 I don't know what your dog is like eating.

00:41:25.620 But if you put Rough Greens on Uno's food, he snarfs whatever.

00:41:30.460 I could put a brick into his and he would eat it if I had Rough Greens on it.

00:41:34.740 Rough Greens.

00:41:35.380 It is probiotics, omega oils, vitamins, minerals.

00:41:38.540 It doesn't just taste good.

00:41:39.940 It's like dog crack for these dogs.

00:41:41.500 But it is also really good for your dog.

00:41:44.860 And that's what you'll really see over a couple of months of using Rough Greens.

00:41:49.280 They want you to try a free bag of Rough Greens.

00:41:51.860 They'll send you just a little sample just to make sure your dog will eat it.

00:41:54.760 If your dog eats it and likes it, then order a real bag of Rough Greens.

00:41:58.840 And you're going to start to see the changes.

00:42:01.200 In, what, over a year?

00:42:02.900 My dog is just not the same dog.

00:42:04.960 RoughGreens.com slash Beck.

00:42:06.960 Go there now.

00:42:07.620 Okay, here we go.

00:42:28.140 What you are about to hear is the fusion of entertainment and enlightenment.

00:42:34.260 This is the Glenn Beck Program.

00:42:41.740 Hello, America, you sick, twisted freak.

00:42:45.800 I want to put you on a full-fledged duct tape warning.

00:42:51.880 This is not a drill.

00:42:53.900 Would you agree with this warning?

00:42:54.920 Yes, it's full-fledged.

00:42:56.240 Yeah.

00:42:56.720 I should have done this last hour.

00:42:58.700 Full-fledged warning.

00:43:00.500 Wrap your head in duct tape because it just might explode.

00:43:04.260 We begin in 60 seconds.

00:43:10.080 The Glenn Beck Program.

00:43:11.660 All right.

00:43:13.220 Well, let me tell you about a relief factor.

00:43:17.380 Penelope lives in Texas.

00:43:19.960 And over the years, she began to get a little older.

00:43:22.520 And she had aches and pains throughout her body.

00:43:24.300 She found she couldn't walk upstairs without having to stop every little bit.

00:43:29.020 That's why God invented elevators.

00:43:31.120 And I hope part of the new Green Deal is an elevator in every house.

00:43:36.560 Anyway, Penelope listens to the program.

00:43:38.380 She heard me start talking about Relief Factor a while back.

00:43:40.920 Decided I might as well give it a try.

00:43:43.740 Why not?

00:43:44.680 You know, you're out 20 bucks if it doesn't work for you.

00:43:47.680 If it does work, you get your life back.

00:43:50.680 Well, you know the story.

00:43:51.840 Within three weeks, it's starting to take Relief Factor.

00:43:54.420 She said that she noticed her pain was receding.

00:43:56.640 Eventually, almost totally gone.

00:43:59.020 She can walk up the stairs without any problem.

00:44:01.040 She'd still get the elevator, Penelope.

00:44:02.840 Really?

00:44:04.020 I mean, if you're like me, you're going to get fat.

00:44:05.860 And then you're just going to be like, I don't want to walk upstairs.

00:44:08.360 It's too far.

00:44:09.840 You end up sleeping in a chair in the living room.

00:44:11.520 I'm just saying Relief Factor, not a drug.

00:44:15.140 It was developed by doctors.

00:44:16.240 70% of the people who try Relief Factor go on to buy more because it works.

00:44:21.040 Get the trial pack now for only $19.95.

00:44:23.500 Go to relieffactor.com.

00:44:24.920 800-583-84.

00:44:27.000 800-583-84.

00:44:29.100 It's relieffactor.com.

00:44:32.220 Tomorrow night on Glenn TV.

00:44:34.680 Americans are constantly told conservatives want voter suppression.

00:44:38.700 Police are systemically racist.

00:44:40.280 Equity trumps equality.

00:44:42.560 What's the truth?

00:44:43.920 Is America a racist nation?

00:44:46.300 Glenn investigates the big lies from the left,

00:44:49.060 shares the real data on police violence,

00:44:51.220 and debunks the race baiters that continue to divide our country.

00:44:54.860 Get the facts to fight back.

00:44:56.760 Tomorrow night, 9 p.m. Eastern, only at blazetv.com slash Glenn.

00:45:04.700 So today is a good day to listen to the podcast.

00:45:10.000 If you're just joining us, you really, no, I don't want to use the word want, want to listen to it.

00:45:18.260 I think this is a you really need to listen to the podcast today.

00:45:23.140 It's a weird day for Stu and I because we've been talking about this forever, forever.

00:45:29.620 And it's finally beginning, at least in a transitory way.

00:45:35.020 Transitory.

00:45:35.520 Transitory.

00:45:35.920 Comes and it goes.

00:45:36.680 I'm interested to see, because you promised at some point a solution to this.

00:45:43.860 I do.

00:45:44.260 I am fascinated to hear that.

00:45:46.780 But the problem from, to summarize here, let me see if I have this correct.

00:45:55.280 Prices are up pretty much everywhere.

00:45:57.460 I think people are noticing that, right?

00:45:59.140 They're going to the gas pumps.

00:46:00.280 They're going.

00:46:00.660 You go to the grocery store.

00:46:01.420 You notice it.

00:46:02.240 It's to the point where it's noticeable to average people.

00:46:05.260 Yeah.

00:46:05.980 But that's also very noticeable to the economy as a whole.

00:46:10.760 Big business people, small business people.

00:46:13.600 Everybody's feeling that all at the same time.

00:46:16.060 So that's going up.

00:46:18.580 We have spending going up.

00:46:22.120 Not going up.

00:46:23.760 I would say hyperspending.

00:46:26.040 Well, hyperspending.

00:46:28.220 Hyperspending.

00:46:28.740 We have spent in the last year, last 12 months, $19 trillion.

00:46:37.000 Isn't the size of the economy for a year $11 trillion?

00:46:41.060 Yeah.

00:46:41.280 The size of the global economy for the year is $53 trillion.

00:46:45.800 But the U.S. economy is, I think, $11 trillion.

00:46:47.820 And the budget is $4 trillion, roughly.

00:46:50.460 Now, it's not $4 trillion anymore, but it was $4 trillion before we decided to spend all

00:46:54.940 these other trillions.

00:46:55.880 Right.

00:46:56.200 That does not include, by the way, more coming.

00:47:00.220 We have multiple trillions of dollars on the table to be spent.

00:47:04.000 Okay.

00:47:04.220 But then you have Bank of America.

00:47:06.880 You went through a bunch of examples of this.

00:47:09.520 Warren Buffett's another one, by the way.

00:47:11.140 We didn't even mention.

00:47:12.300 Warren Buffett is saying that inflation is here and coming, and he's noticing it.

00:47:17.380 Right.

00:47:17.560 And almost everybody, the Fed, is saying, yeah, we're expecting a little higher than

00:47:22.240 2% inflation.

00:47:23.280 We're already higher than 2% inflation.

00:47:26.020 If you calculate the numbers the way they were calculated back in the 1980s, the last

00:47:31.180 time we had really bad inflation in the 70s and 80s, we would be at almost 11% now, inflation.

00:47:38.740 They're saying, we're just about 2% inflation.

00:47:41.660 No, we're not.

00:47:42.380 No, we're not.

00:47:42.820 The average person will feel it at about 11%.

00:47:45.860 And that's not hyperinflation.

00:47:49.580 No.

00:47:50.200 However, Bank of America, they track how many times people talk about inflation on earnings

00:47:57.080 calls.

00:47:57.500 So this is not just like random people, bloggers, people on social media tweeting about inflation.

00:48:03.360 These are actual CEOs who are, by the way, legally required to be telling the truth on

00:48:08.620 these calls.

00:48:09.600 They, I mean, you see people like Enron and stuff.

00:48:13.260 That's how they got in trouble because they were saying things that were misleading on earnings

00:48:16.340 calls.

00:48:16.880 It's very, very important to get those things as accurate as possible.

00:48:21.580 So they're talking about inflation more and more.

00:48:23.300 They track that.

00:48:24.500 It's up 800% inflation mentions in these earnings calls.

00:48:30.020 And their summary, I don't have the quote in front of me.

00:48:32.160 Do you have the quote in front of anybody?

00:48:33.320 Yeah, let me get the quote.

00:48:34.840 This is from Bank of America.

00:48:36.100 Yeah, Bank of America, the earnings call from Bank of America.

00:48:41.200 Inflation trends running hot as margins hit record highs is the headline.

00:48:46.140 This is again from Bank of America.

00:48:48.620 We noted during week two that mentions of inflation quadrupled year over year.

00:48:53.640 After last week, mentions have jumped nearly 800% year after year.

00:49:00.180 On an absolute basis, mentions skyrocketed to near record highs, pointing to, at the very

00:49:08.200 least, transitory hyperinflation ahead.

00:49:14.460 End quote.

00:49:15.620 Transitory hyperinflation.

00:49:18.020 I mean, hyperinflation used to be like some conspiracy theory that you would get in trouble

00:49:22.120 for saying it was possible.

00:49:23.580 Oh, believe me, they'll find a way to find us.

00:49:26.820 We'll get in trouble.

00:49:28.080 Bank of America is saying it now.

00:49:29.900 Yeah.

00:49:30.480 In addition to this, pensions were already in massive, massive trouble.

00:49:36.660 And have to make 7% in earnings.

00:49:42.080 Pensions, you send in your money for your union.

00:49:45.080 That goes into the pension fund.

00:49:46.780 The pension fund then invests in things.

00:49:49.700 Like the best thing you can invest in now.

00:49:52.760 Dogecoin, obviously.

00:49:53.740 Yeah, Dogecoin.

00:49:55.160 They need 7% return year over year.

00:49:59.080 Otherwise, they can't meet the obligations.

00:50:02.000 Okay?

00:50:02.280 So, they're on the edge.

00:50:04.160 They have gotten out of U.S. bonds because it's only returning 1%.

00:50:10.220 But here's the good news.

00:50:12.200 Well, they're now going to force pension funds to buy, what, a third or so?

00:50:18.960 Yeah.

00:50:19.220 30% of their pension fund now has to be in U.S. Treasuries.

00:50:24.900 Right.

00:50:25.340 So, they're now just forcing.

00:50:27.040 People might lose confidence, let's say, in U.S. Treasuries in this circumstance that we're

00:50:31.060 discussing, well, now the pensions have to buy them to stay afloat.

00:50:36.280 And here's the great thing.

00:50:37.820 This is just a giant Ponzi scheme.

00:50:39.460 It's a Ponzi scheme.

00:50:40.440 Yeah.

00:50:40.540 Here's the great thing.

00:50:41.340 They're buying the bonds from the Federal Reserve.

00:50:45.360 So, the Federal Reserve was the one going to the politicians, yeah, go ahead.

00:50:49.440 Write as much as you want.

00:50:50.480 We'll just, we'll buy it.

00:50:51.700 But then the government gave the Federal Reserve an out and granted them COVID privileges under

00:50:58.560 the executive order to be able to sell those bonds to anyone who wants to buy them.

00:51:04.320 They used to only be able to sell them to other central banks.

00:51:07.220 But central banks are not buying them.

00:51:09.240 So, now they'll just sell them to you.

00:51:12.520 But they know there's not going to be a big demand for those.

00:51:17.080 So, the government is forcing the pensions as of 2022 to buy bonds from the Federal Reserve.

00:51:26.760 So, the banks get their money.

00:51:28.700 You're screwed, mom and dad, grandma and grandpa.

00:51:32.560 Your pensions, you're not going to get it.

00:51:34.240 Oh, I'm sorry.

00:51:34.760 Oh, no, no, no.

00:51:35.720 I'm sorry.

00:51:36.140 The federal government is guaranteeing those pensions.

00:51:40.340 So, you will be paid that money in U.S. dollars.

00:51:45.220 Now, isn't that great?

00:51:47.140 Because if you're, you know, making $2,000 in your pension today, just imagine how far those

00:51:54.280 $2,000 will go under transitory hyperinflation.

00:51:59.900 Oh, going to be so rich.

00:52:02.480 And you're saying you have a solution to this.

00:52:04.780 No, I have.

00:52:05.900 Which I would say I'm skeptical of the possibility of such things.

00:52:10.420 I have a way to prepare.

00:52:12.740 And I want to give you some things to think about.

00:52:15.560 So, there is a catalog of inflation hedges.

00:52:19.100 Things that you can buy that are a hedge against inflation.

00:52:24.520 The number one has always had an A rating was gold until tips came into the picture in the 1980s.

00:52:34.080 In the 1980s, they realized, the government realized that gold was, people were dropping the federal bonds and they were buying gold and it was freaking people out.

00:52:47.140 Remember, the price of gold in 1973 was 34, 34, maybe it was $60 an ounce.

00:52:54.540 I think it was 34, but it might have been $60 an ounce, okay, in 1972.

00:53:00.320 Then we went off the gold standard.

00:53:02.380 By 1980, it was about $1,000 and it was freaking everybody out.

00:53:08.540 So, the federal government decided, you know what, we're going to come up with new bonds and they're called TIPS, Treasury Inflation Protected.

00:53:17.240 So, it guarantees the rate of inflation.

00:53:21.780 However, if inflation is low, you lose.

00:53:24.500 If the government, you know, hyperinflates the money, you lose.

00:53:28.940 Because what are you going to buy with all that money?

00:53:32.500 Nothing.

00:53:33.280 Because it's not worth anything.

00:53:35.320 But it's always been rated A.

00:53:39.280 Hedging power, TIPS.

00:53:41.700 This is according to S&P CoreLogic and Morningstar.

00:53:45.420 The hedge, the hedging power of TIPS is an A.

00:53:49.160 Long-term hedging prospects, F.

00:53:54.140 Now, why?

00:53:57.120 Diversified commodities.

00:54:00.660 Hedging power is an A.

00:54:02.280 Long-term, C.

00:54:03.800 Now, that makes sense to me because you would say it's transitory.

00:54:08.600 And so, if you're going to buy a whole bunch of different commodities, you're going to buy soybeans and corn and everything else.

00:54:15.160 It's eventually going to get better.

00:54:16.840 So, it's a great way to hedge it right now to buy a bunch of that stuff.

00:54:20.860 But eventually, it's going to come down.

00:54:23.140 Okay?

00:54:24.520 Indebtedness.

00:54:25.360 I've heard people say, well, now's the time to roll up a big debt because I'm just going to pay it off with hyperinflated money.

00:54:34.280 Believe me, the house always wins.

00:54:40.000 Indebtedness.

00:54:40.880 Hedging power.

00:54:41.960 A.

00:54:42.700 Long-term prospects.

00:54:44.840 F.

00:54:46.900 Lumber products.

00:54:50.300 B.

00:54:51.040 For hedging power.

00:54:52.320 Long-term prospects.

00:54:54.860 A.

00:54:57.500 Let me give you an example.

00:55:00.260 I had to put floors in my house.

00:55:02.260 And who knew that when you put in floors, you also have to have plywood underneath it.

00:55:06.460 I mean, it's crazy.

00:55:07.420 Probably a lot of people knew that, but I didn't know anything about it.

00:55:09.640 You didn't know it, I didn't know it.

00:55:10.900 I just thought the floors magically came in the house.

00:55:13.180 They just popped the house down on a helicopter.

00:55:15.120 You already have wood there.

00:55:16.640 It's a wood floor.

00:55:17.520 Why do you need more wood underneath it?

00:55:19.440 Right.

00:55:19.460 Double wood?

00:55:20.320 And then you need, like, two-by-fours and big, why?

00:55:23.860 It's wood.

00:55:24.900 Anyway, who knew that?

00:55:26.820 So, when we bought it, we bought, unfortunately, for me, kind of, we bought more than we needed.

00:55:36.980 We thought we needed.

00:55:37.940 So, we had, like, I don't know, 30 extra sheets of plywood.

00:55:41.640 Well, when we bought them, they were, like, $13.

00:55:44.440 In some places in America today, they're $80 a sheet.

00:55:48.820 Okay?

00:55:49.120 They were $13.

00:55:50.460 I could have easily gone in front of Home Depot and said, plywood, 45 bucks, and made a killing on it.

00:55:57.900 Okay?

00:56:00.800 This is really important.

00:56:03.220 If you are looking for ways to hedge, do not look to get rich.

00:56:10.240 Do not look for schemes to say, I can profit.

00:56:14.960 I'm sure there are going to be people who are going to profit off of this.

00:56:18.520 I'm sure there are.

00:56:19.780 There are going to be schemes, et cetera, et cetera.

00:56:22.000 But a lot of people will lose their shirt at this time as well.

00:56:27.580 Do not go into debt.

00:56:31.060 Don't buy lumber if you're just like, I'm going to corner the lumber market.

00:56:36.660 That's a stupid idea.

00:56:38.700 However, if you're going to use lumber, so you will always have a place for it, and you're not borrowing money, lumber might be a good deal.

00:56:52.760 I just sold my plywood for $13 a sheet to my friend who is needing to redo their floors as well because of this cold that happened and the water and everything else.

00:57:07.940 So I sold them to him for $13.

00:57:11.620 He saved a ton of money.

00:57:14.660 I could have made a profit on that, and he probably wouldn't have had a problem, but I didn't want to do that.

00:57:20.520 But you look for things that people are going to need.

00:57:26.040 The world is always going to need lumber.

00:57:29.940 Here's an interesting one.

00:57:32.620 Bitcoin.

00:57:33.620 Hedging power.

00:57:34.780 B.

00:57:35.520 Long-term prospects.

00:57:37.180 The only one with a question mark.

00:57:42.220 Commercial real estate.

00:57:44.200 Hedging power.

00:57:45.060 B.

00:57:45.620 Long-term prospect.

00:57:46.960 A.

00:57:47.600 A house.

00:57:48.540 Having the deed.

00:57:50.440 Having the deed to your house.

00:57:52.940 B.

00:57:53.540 Long-term prospects.

00:57:54.880 D.

00:57:55.640 A B.

00:57:56.120 I will tell you there's a caveat to that, and I don't think we're going to have time today, but could you write this down?

00:58:00.980 I've got to talk to you about what I think is coming with houses.

00:58:03.880 I think there is.

00:58:05.800 Anyway, gold is a C hedging power.

00:58:09.100 Long-term prospects.

00:58:10.540 C.

00:58:10.940 I completely disagree with that.

00:58:13.640 Material producers is a C now.

00:58:16.420 Long-term A.

00:58:17.640 Cash.

00:58:18.600 C.

00:58:19.740 Long-term prospects.

00:58:21.300 D.

00:58:21.740 I think it's an F.

00:58:23.880 Oil.

00:58:24.720 D.

00:58:25.020 Long-term prospects.

00:58:27.000 B.

00:58:27.720 Okay.

00:58:28.080 That's if you're going to invest in things or you're looking to do that.

00:58:32.660 I want to break this down.

00:58:33.860 I want to take a one-minute break, and I want to break this down to the person that is the average person that doesn't have money, that doesn't have a lot of money, that is living day-to-day and is wondering, what does this mean to me?

00:58:51.440 It's going to mean a lot to you, and let me show you how you can protect yourself and your family.

00:59:01.400 I'll do that in 60 seconds.

00:59:03.920 Hey, here's one thing you could do.

00:59:08.160 Get out of your timeshare.

00:59:10.480 Get out of your timeshare.

00:59:14.240 Timeshare termination team is waiting for you right now.

00:59:17.740 You'll get 20% off when you terminate your timeshare, but you have to tell them that I sent you, so make sure you do that.

00:59:24.500 Call 888-GET-YOU-OUT.

00:59:26.060 888-GET-YOU-OUT.

00:59:27.440 That's 888-438-8688.

00:59:30.640 Or visit them online at timeshare termination team.

00:59:34.340 Not only if you use my name, will you get 20% off, they have a 100% money-back guarantee that if they can't get you out of the timeshare, you get your money back.

00:59:45.560 100% of it.

00:59:47.460 How can they possibly do that?

00:59:49.700 This is not a company that was like, I used to be in the timeshare business, so I know how these scumbags work.

00:59:55.920 Because, well, I was a scumbag, and I'm not now, though.

01:00:00.800 These are attorneys that knew that there was a problem in this area, and they could help people.

01:00:07.460 So these are all attorneys that are looking at it the legal way, the most effective way, the permanent way, to get you out of your timeshare.

01:00:17.900 Timeshareterminationteam.com.

01:00:20.180 888-GET-YOU-OUT.

01:00:22.940 10 seconds, station ID.

01:00:24.240 Okay, let me go through a couple of things.

01:00:40.560 If you're just joining us, Bank of America came out and said there's transitory hyperinflation.

01:00:50.780 Quoting, at the very least, transitory hyperinflation coming our way.

01:00:58.180 Stu, did you ever get the definition of hyperinflation?

01:01:00.780 What is the actual definition?

01:01:02.480 Monetary inflation occurring at a very high rate.

01:01:05.420 Okay.

01:01:06.300 So that leaves a little bit of wiggle room.

01:01:08.420 Yes, however, traditionally, we understand that as Zimbabwe, Germany, Venezuela, when prices just skyrocket.

01:01:17.660 Now, the reason why they're saying transitory is because they believe this is going to come, and then it will go away when the world goes back to normal.

01:01:27.720 But do you think we're going back to normal?

01:01:32.080 We're spending $19 trillion, and we've just proposed another four.

01:01:40.640 We're not really going back to normal, kids.

01:01:43.420 So what do you do?

01:01:45.160 The first thing I want to talk to you about is this.

01:01:48.200 I want you to get this book right now, Crisis Preparedness Handbook.

01:01:56.520 It's the third edition.

01:02:00.420 Patricia and Jack Spigarelli, 40,000 copies sold.

01:02:08.000 I just want to show it on screen if you happen to be watching The Blaze and get this book.

01:02:11.920 This book is the best preparedness book I've ever read because it doesn't overwhelm you.

01:02:20.080 Every book I've ever seen on preparedness, you open up and like, I can't breathe.

01:02:27.740 You know what I mean?

01:02:29.160 And you don't, I mean, you just get stuck because you can't do all of it.

01:02:33.620 This book is so good because it breaks it down, and the whole book takes the attitude of,

01:02:41.400 if you can't do that, no big deal, do this or do that.

01:02:44.180 You can't do that?

01:02:45.180 Okay, well, maybe you don't need to, but try to think of these things.

01:02:49.460 It really is the best book, and I'm going to explain why here in just a second

01:02:55.580 and give you some things if you are the average person that I urge you to do to prepare for what is coming.

01:03:05.380 The one thing I checked, there's a checklist in here on what kind of disasters are you preparing for?

01:03:11.080 This thing has everything in it.

01:03:12.540 I mean, you know, earthquakes, tornado, hurricanes, I mean, all the way down to EMP.

01:03:17.440 The one thing it doesn't say is transitory hyperinflation.

01:03:21.740 But everything in this book, you'll be able to find the answer on what you do, including barter tips,

01:03:30.420 which are really important, I'll go into here in a second.

01:03:32.860 It's Crisis Preparedness Handbook by Patricia and Jack Spigarelli.

01:03:39.080 Get this book today.

01:03:42.560 This is the Glenn Beck Program.

01:03:45.620 Oh, well, that's just kind of appropriate.

01:03:49.480 Let me talk to you about Goldline.

01:03:51.740 It's time to stop saying inflation is on the way.

01:03:56.420 You know and I know it's already here.

01:03:59.120 What's on the way, according to Bank of America, is transitory hyperinflation.

01:04:06.880 Great.

01:04:08.220 Have you noticed how your groceries are going up?

01:04:10.500 That's not the price of things going up.

01:04:12.720 That is the value of your dollar.

01:04:15.220 Too many dollars chasing too few goods.

01:04:18.020 We're not making the goods.

01:04:19.800 And we've just pounded dollars out.

01:04:24.200 So, gold.

01:04:25.980 I highly recommend gold and silver because in the end, the world always comes back.

01:04:33.700 Everything that glitters is not gold, according to Rudyard Kipling's famous poem.

01:04:39.080 There is a real reason to have physical gold.

01:04:46.040 Call them right now.

01:04:47.980 Talk to them about the 6% free precious metals promotion for self-directed IRA acquisitions at 866-GOLDLINE.

01:04:55.500 And head over to blazetv.com slash Glenn.

01:05:01.040 You can get this show and all the others completely within your subscription.

01:05:04.740 Just save $10 off with the promo code GLENN.

01:05:07.700 This is the Glenn Beck Program.

01:05:15.880 Welcome to Tuesday.

01:05:17.260 Today's broadcast we have primarily dedicated to preparedness for economic tough times.

01:05:27.640 Now, Bank of America has issued a report that said, at the very least, transitory hyperinflation is coming.

01:05:42.080 Okay, so let's just take them at their word.

01:05:45.460 Not me, not anybody else, not any crazy Yahoo like me saying this.

01:05:50.080 This is Bank of America.

01:05:52.260 Let's take them at their word.

01:05:54.180 How do you prepare?

01:05:55.300 There's lots of different ways, but you have to start thinking like Germans did in the 1930s.

01:06:04.420 There's a great book.

01:06:05.540 I can't remember the name of it.

01:06:06.560 I'll try to find it here before the end of the hour.

01:06:08.400 But there's a great book out.

01:06:09.900 It was a diary of a guy from Germany.

01:06:13.160 And he just wrote the daily goings on.

01:06:17.320 And it is phenomenal.

01:06:18.920 He said, one week, none of us had any idea what hyperinflation meant.

01:06:22.380 The next week, everyone knew what it meant.

01:06:27.340 And the smart people, I should say half smart people, smart people went and they bought as much as they possibly could early on.

01:06:36.460 So their family was stabled.

01:06:38.760 The reason why I say they were half smart people is because they told people.

01:06:44.040 And then, of course, when there's real scarcity and you appear to have more than others, they come for you.

01:06:52.420 So everything I am telling you today, I would keep it to yourself.

01:06:58.140 I would keep it to yourself.

01:07:01.040 Just so you know, I'm not doing any of these things.

01:07:03.420 I'm wildly unprepared.

01:07:06.140 So the first thing, if you have zero money, I mean, you have nothing.

01:07:13.120 What job are you doing and how valuable will it be in a bad, chaotic situation?

01:07:21.480 Me, I only have my body to offer and no one's paying me to have sex.

01:07:28.120 I'm steak.

01:07:30.280 Okay.

01:07:30.840 Very marbled steak.

01:07:32.900 And I know that it will be my job will be so short lived.

01:07:38.760 I will be everybody will be working and doing everything.

01:07:41.620 And I'll be I could tell you guys a story.

01:07:44.700 Would you guys like to hear a story?

01:07:46.580 No value in that.

01:07:48.500 Okay.

01:07:49.100 In Mad Max.

01:07:50.160 Did you see the storyteller?

01:07:51.760 No, they ate him early on.

01:07:54.860 All right.

01:07:55.880 So what skill do you have?

01:07:58.200 If your skill is not good in a in a, you know, a bad situation, you might want to look

01:08:07.300 at your hobbies.

01:08:08.420 What are your hobbies?

01:08:09.300 Again, the hobby that I'm starting to really be good at now is painting.

01:08:15.120 Nothing, nothing.

01:08:17.080 No one's going to say, hey, you want to paint a picture for me while we all starve to death

01:08:21.080 or working out here plowing just for a stinking carrot.

01:08:25.280 Nobody's going to want a painting.

01:08:26.580 So again, I'm steak.

01:08:28.940 I realize that don't be steak.

01:08:32.900 What hobby?

01:08:34.220 What can you do?

01:08:35.260 Can you fix cars?

01:08:37.780 Can you learn to fix cars?

01:08:40.560 Do you have any kind of building experience, farming experience?

01:08:47.060 Do you know how the land even works?

01:08:49.900 Can you sew and repair things?

01:08:52.640 That that's the first thing that you have to do is you have to find the value that you

01:08:59.860 can offer.

01:09:02.320 Because if you have I'm talking about catastrophic breakdown, you need to be offering people

01:09:08.980 something skill because we're all going to need to work together.

01:09:12.960 Which brings me to my next topic.

01:09:16.300 If you don't have a bug out bag, if you don't have a plan to go someplace, you probably should

01:09:25.280 have one now.

01:09:26.360 And may I highly recommend that you are in a town where it's like minded people.

01:09:34.500 They are good and decent.

01:09:36.820 They have farming skills.

01:09:38.640 They are used to, you know, living off of the land.

01:09:44.060 They are spiritual in nature.

01:09:48.900 And and they also believe in the Constitution.

01:09:52.460 I'd find that community and I'd either move there or I'd have plans on moving there.

01:09:59.020 Uh, the other thing you can do is build a really good reference library.

01:10:07.160 For instance, um, did you know if if the drugstore breaks down, do you know anything about medicine?

01:10:16.260 Do you know anything about the plants around you that you can eat or can't eat?

01:10:20.900 I'll be dead in three days.

01:10:23.340 I'll be like, where's the cupcake?

01:10:26.080 Where's sprinkles?

01:10:27.380 Where's the cupcake store?

01:10:28.760 I haven't seen a cupcake store.

01:10:30.460 Where's the cupcake store?

01:10:32.360 There's no cupcake stores here.

01:10:34.080 So go forage for something.

01:10:37.020 Uh, hey, this looks.

01:10:41.340 Build a good reference library.

01:10:44.860 And that includes all of the things that you should have.

01:10:49.520 Every American should have all of the founding documents.

01:10:52.320 All of America.

01:10:53.080 Think of something that is good and worthy.

01:10:57.300 If you only had seven books, what would they be?

01:11:04.740 Uh, then look for things.

01:11:09.040 Um, can you get into communications?

01:11:13.260 How will we communicate with each other?

01:11:15.080 What are your communication skills?

01:11:16.620 Um, do you have, you know, any medical skills?

01:11:21.180 Can you get any medical skills?

01:11:23.540 Can you right now go get skills and don't ever tell somebody you're a doctor?

01:11:28.420 Although I'm a doctor.

01:11:30.260 Why won't that be ironic?

01:11:31.780 That's how I'll survive.

01:11:33.460 I'm a doctor.

01:11:35.040 He was very sick before I cut him open.

01:11:37.500 Very sick.

01:11:38.200 I, I didn't think he'd survive.

01:11:40.200 You, he had a heart problem.

01:11:42.880 You took out his stomach.

01:11:44.180 Oh, well, his stomach had to be removed.

01:11:47.440 I'm telling you that right now.

01:11:48.540 Uh, don't tell you, don't tell anybody you were a police officer or a doctor or you'll

01:11:51.800 be, you'll be dragged into service.

01:11:53.740 Now, here's something else.

01:11:55.700 You are looking for things.

01:11:58.200 And I'm talking about people who are the average person that doesn't have, I'm, well, I'm talking

01:12:03.880 to my broker this afternoon at four o'clock.

01:12:06.800 Uh, we're going to play around at nine or 12 and, uh, we're, we're going to do, we're

01:12:13.180 going to talk about stocks and stuff.

01:12:14.860 I'm talking about the average person.

01:12:17.600 Okay.

01:12:18.500 Get out of debt as much as you can.

01:12:23.100 Buy something that is of value, a car, even if it's not a fancy car, just a car that works

01:12:29.900 and a car you could prepare, you could repair.

01:12:34.400 When you have nothing, remember others will have nothing as well.

01:12:41.840 Toilet paper comes to mind.

01:12:44.860 Oh no, Glenn Beck is, he's starting a rush on toilet paper.

01:12:48.440 Toilet paper is going to be $8 a sheet soon.

01:12:51.320 Yeah, it probably will be, but not because I said something, uh, toilet paper, uh, razor

01:12:57.680 blades, painkillers, uh, you know, over the counter medicines, lip balm, diapers, baby

01:13:04.880 wipes, condoms, bar soap, deodorant, shampoo, all of that stuff.

01:13:09.200 If things get really bad and really expensive, wait a minute, you're a farmer.

01:13:14.260 You, you have some corn, we haven't had anything but soap for dinner for a while.

01:13:20.540 I'll trade you some soap for some corn.

01:13:24.480 You're looking for things that you can trade people for.

01:13:28.160 Also, I think a very good investment is ammunition.

01:13:34.220 Let me say that again.

01:13:36.500 Ammunition would be a very good investment.

01:13:40.860 Uh, we have a couple of stories, uh, on that, uh, coming up.

01:13:45.620 Um, also, uh, coffee, alcohol, people don't think this way, but if people can't afford something

01:13:55.340 and let's say, I can't relate to this.

01:13:59.800 You're an alcoholic.

01:14:00.540 I need alcohol.

01:14:01.720 Even if you're not an alcoholic, right now in today's world, I need alcohol.

01:14:07.900 Lots of it.

01:14:09.300 Kids, don't waste your alcoholism on years where the problems aren't that big.

01:14:16.280 You're going to need that alcohol someday.

01:14:19.000 As Homer Simpson says, uh, alcohol, the cause of, and solution to all of the world's problems.

01:14:23.980 Exactly right.

01:14:25.000 He's exactly right.

01:14:26.540 Coffee and tea, sugar, sweets, chocolate.

01:14:32.640 Think like your grandparents or your great grandparents in the great depression.

01:14:36.520 I told Stu, I mean, I told Pat, he's like, oh, good year to start a cookie company.

01:14:40.980 And I said, actually cookies and chocolates and sugar will be one of the last things that

01:14:46.220 people will stop buying because when the whole world sucks, you want something normal

01:14:52.460 and you want a treat and it could be just a bar of chocolate would be great.

01:14:56.800 I've had his cookies and I believe Kexi Cookie will be the last company standing in America.

01:15:01.420 Yeah.

01:15:01.640 See, he even, he even has something.

01:15:03.600 He's like, they're coming, they're coming at us, Glenn.

01:15:05.620 And he's like, they're coming for you, man.

01:15:06.960 I'm the cookie guy.

01:15:08.800 Well, you're describing here to interrupt a little bit.

01:15:11.800 You're describing here a real, I mean, apocalypse type of situation here.

01:15:16.440 This is not, this is not, Hey, your prices are going up.

01:15:18.840 Okay.

01:15:18.940 I don't think this is a world where like civilization is crumbling.

01:15:22.740 Your prices are going up again.

01:15:25.480 Do not tell people you're doing this.

01:15:28.280 Your prices are going up.

01:15:30.140 Your prices are expensive today.

01:15:31.940 If you're in transitionary or no, I'm sorry.

01:15:36.760 Transitory hyperinflation.

01:15:39.260 Your price of your food, your corn or whatever is going to go up.

01:15:44.600 I am doing stuff on my house.

01:15:47.240 I bought the stuff that I knew I was going to use.

01:15:50.320 I wasn't using it to barter or anything else.

01:15:52.460 I bought it right now.

01:15:56.000 That's the key.

01:15:57.600 Buy things that you know you're going to need and use.

01:16:02.200 And you know that it might come down before you use it all.

01:16:05.680 But it's better to have it than having to go buy it when it's a bottle of shampoo that used to cost you $3 is now $5 and you think might be $17.

01:16:17.540 Buy it now.

01:16:19.200 The things you can do is cut your spending where you can and buy the things that you know you're going to need.

01:16:28.420 If it's transitory hyperinflation, great.

01:16:32.180 That means things.

01:16:34.880 I'm trying to say this with a straight faith.

01:16:36.880 It means things go back to normal.

01:16:40.320 Great.

01:16:41.000 So try to do everything you can to cut out your expenditures for the next eight months.

01:16:49.340 Buy the things that are going up.

01:16:52.280 Detergents, bleaches.

01:16:53.640 Bleach is going to go through the roof.

01:16:55.680 If you're looking for anything of building a house, it's going to go through the roof.

01:17:01.660 Think about what the government is spending.

01:17:04.100 They're doing things for the Green New Deal.

01:17:09.100 So everything in a house, everything with a grid, everything electricity, any copper is going to go through the roof.

01:17:17.840 Because the government is going to spend billions buying a bunch of it.

01:17:22.840 That leaves very little for you.

01:17:27.940 Also, one last thing.

01:17:32.320 Don't dismiss this.

01:17:34.200 My grandfather taught me, you know, he lived through the Great Depression and he said, you know, people laughed, people laughed, people laughed.

01:17:41.400 He said, we didn't have the money to invest in the stock market.

01:17:44.220 He said, but everybody was trying to get rich.

01:17:46.180 Everybody was borrowing against things they didn't really own.

01:17:50.120 Don't ever do that.

01:17:52.060 Don't ever do that.

01:17:53.720 The people who were rich, really rich, they were the ones that had money because they didn't play the game of let's get wealthy quickly.

01:18:02.460 They just kept and they bought things when things began to fall apart.

01:18:09.840 You buy things of intrinsic value.

01:18:13.460 Think as unlike the average American as you possibly can.

01:18:21.900 Think about tomorrow.

01:18:24.320 Think about what you need tomorrow.

01:18:28.340 Buy things when you can and store them.

01:18:32.220 And don't work on that.

01:18:35.440 Don't don't pull from that storehouse until you really need to pull from it.

01:18:40.300 Just keep adding to the storehouse.

01:18:42.800 You buy you go grocery shopping.

01:18:44.720 Just add to that.

01:18:47.580 All right.

01:18:48.280 Back in just a minute.

01:18:49.100 Real estate agents.

01:18:53.760 I trust.

01:18:55.400 Hey.

01:18:56.840 Hey.

01:18:57.360 Buying and selling a house.

01:18:59.000 Ha.

01:18:59.800 Ha.

01:19:01.160 Sounds like a great time to do it, doesn't it?

01:19:04.240 Right now, the average house is if you're building a house, it's going to cost you 34%.

01:19:08.740 That's today.

01:19:09.420 34% more than it would have cost you a year ago.

01:19:15.420 So buying a house is going to be pretty dicey, especially if it's a brand new house.

01:19:19.780 People are moving.

01:19:21.300 And if they're moving from your state, you're going to have a hard time selling your house.

01:19:25.840 You need somebody who is an expert in the area of whether you're buying or where you're selling.

01:19:32.100 An expert in those locations that have the the chops that are one of the best sellers in the area.

01:19:39.240 They have the record.

01:19:40.420 They've been in it for a long time.

01:19:42.340 They have the system to get your home sold fast and for top dollar and to get you not into a into a bidding war, but winning that war and winning the house that you want.

01:19:55.700 And real estate agents, I trust, will put you into the the hands of those kinds of real estate agents.

01:20:03.700 I urge you.

01:20:04.920 This is a free service to you.

01:20:06.180 You just go to real estate agents.

01:20:07.500 I trust dot com.

01:20:08.500 This is my company.

01:20:09.980 We'll put you in touch with a real estate agent.

01:20:12.180 Please don't take my word for it.

01:20:13.620 Please do your own homework.

01:20:14.920 Interview these people.

01:20:16.260 If you don't feel good about it, move on to somebody else.

01:20:18.900 But I think you will feel good about these people.

01:20:21.180 They're really good people.

01:20:22.180 Many of them, if not most of them, are fans of the show.

01:20:26.180 They think like you and they just want a square deal for everybody involved.

01:20:30.840 Real estate agents.

01:20:31.840 I trust dot com.

01:20:33.260 Real estate agents.

01:20:34.160 I trust dot com.

01:20:39.540 This is the Glenn Beck program.

01:20:41.740 Again, I want to give you one more reminder.

01:20:45.640 The book I urge you to get today.

01:20:48.960 Get it right now.

01:20:50.620 It's called Crisis Preparedness Handbook.

01:20:54.400 It totally revised and updated.

01:20:56.740 This is the third edition.

01:20:57.960 The one I have.

01:20:59.440 It's Patricia Spigarelli, Aston and Jack Spigarelli.

01:21:04.400 Just just think spaghetti.

01:21:06.200 Just think the crisis preparedness guy.

01:21:09.620 And if spaghetti looks like it could be their last names, you got the right book.

01:21:15.480 Good advice.

01:21:16.680 Thank you.

01:21:17.080 I mean, just trying to make people this is a great, great book.

01:21:22.000 I think tomorrow I'd like to open up the phones somewhat, maybe for an hour and take your questions on this next hour.

01:21:29.280 We're preparing for tomorrow night's TV show.

01:21:31.880 The the racist be damned.

01:21:35.800 The people who are saying we're a racist nation.

01:21:38.480 We're going to set the record straight and give you the tools to be able to argue it.

01:21:42.220 Next hour, we're talking to the farmers and the attorney that is they're suing the government for the right to.

01:21:48.880 Involved in government projects.

01:21:59.880 What you are about to hear is the fusion of entertainment and enlightenment.

01:22:06.200 In one of the most shameful things I have seen our country do, and I've seen our country do a lot of shameful things over the years.

01:22:23.540 We are now becoming a nation that is putting in systematic racism.

01:22:31.720 I think we've been a country that's been trying to get rid of all the systematic racism.

01:22:36.040 I think, you know, we made some great steps in the 1960s and have been moving towards that ever since.

01:22:41.700 Well, we're now being taught that you have to see everything through the lens of race.

01:22:46.940 And and that's why when Joe Biden decided to give loan forgiveness to the farmers of America, I thought, OK, well, that's that's nice.

01:22:56.900 That's nice. Except it only goes to minorities.

01:23:00.820 If you're white and a farmer, we're not going to forgive your loan.

01:23:05.460 We can't help you out on that.

01:23:07.560 Excuse me.

01:23:08.340 That seems like it might be unconstitutional.

01:23:13.660 Well, some farmers who are white, so therefore not disadvantaged, they're suing.

01:23:20.520 And we're going to talk to one of the farmers and the attorney involved in 60 seconds.

01:23:28.840 The Glenn Beck Program.

01:23:30.620 I love these people who are pushing back on the system.

01:23:33.880 Now, imagine your car is just broken down the side of the road.

01:23:36.240 You're facing the grim reality that you're about to be on the hook for maybe a couple thousand bucks.

01:23:41.220 You know, and that is if you can get the chips that have to be replaced.

01:23:48.540 Your car is broken down on the side of the road and you don't know what to do.

01:23:53.100 Now, imagine you're broken down on the side of the road and you're really kind of pissed because you've got things to do.

01:23:58.080 But you can call and, you know, a tow truck is going to come and take the car away and you're not going to pay for it.

01:24:03.300 And you're going to get roadside assistance and you're going to get a rental car.

01:24:05.960 So when yours is in the shop, you don't have to worry about it.

01:24:09.560 You're still doing the things that, you know, help keep cash coming into the household.

01:24:14.380 Oh, and by the way, you don't have to worry about what the mechanic is charging because it's covered under CarShield.

01:24:20.140 I think I pick option number two, CarShield, CarShield dot com.

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01:24:33.180 What is truly amazing to me is the American Rescue Plan Act of 2021.

01:24:50.920 President Joe Biden's signature COVID-19 relief legislation provides billions of dollars of debt relief to socially disadvantageous farmers and ranchers.

01:25:03.400 But the law's definition of socially disadvantage includes explicit racial classifications.

01:25:10.980 Farmers and ranchers must be black or African-American, American Indian, Alaskan Native, Hispanic, Latino or Asian American or Pacific Islander.

01:25:24.980 Other farmers, white farmers are not eligible.

01:25:30.940 Hmm.

01:25:32.120 I've been waiting for this day for farmers to stand up and legally fight this.

01:25:39.040 Thanks, Adam Faust.

01:25:40.820 He is a farmer suing the government for loan forgiveness.

01:25:45.120 He and I think four other farmers join him.

01:25:48.560 He's the representative today on the program, along with the deputy counsel for the Wisconsin Institute for Law and Liberty.

01:25:55.280 Dan Lennington.

01:25:56.540 Dan, how are you?

01:25:58.240 Good, Glenn.

01:25:59.400 Thanks for having me on.

01:26:00.380 You bet.

01:26:00.820 And Adam, how are you, sir?

01:26:03.420 Doing well.

01:26:04.340 Thank you.

01:26:04.720 You are a dairy farmer?

01:26:09.780 That's correct.

01:26:11.060 Can you tell me about your farm?

01:26:14.460 Yeah, I milk about 70 Holstein cows, farm about 200 acres of land to provide feed for those cows.

01:26:24.720 We're just a small, traditional stall barn dairy farm.

01:26:31.020 Okay.

01:26:32.160 And you've had a rough go.

01:26:33.700 And I know dairy farms have had a rough go of it for a long time now.

01:26:38.560 But you've been having a rough go?

01:26:41.840 Oh, absolutely.

01:26:44.180 Yeah, the last couple of years, the prices have been depressed.

01:26:48.700 And then when COVID hit, it took a real toll.

01:26:54.140 Okay.

01:26:54.680 And you're white, so you're not disadvantaged.

01:26:56.940 Right, exactly.

01:27:01.480 So, Dan, tell me about the case.

01:27:05.480 So, Glenn, we filed this in federal court last Thursday.

01:27:09.340 We filed against the U.S. Department of Agriculture.

01:27:11.700 The American Rescue Plan contains $4 billion of loan forgiveness, as you said.

01:27:17.640 What that means is that if you're a farmer who has taken out a loan, you're going to get 100% of that loan forgiven, plus 20% is going to be deposited directly into your bank account.

01:27:28.260 So, it's not uncommon for a farmer to take out a million-dollar loan for property, for commodities, for land or operating expenses.

01:27:37.300 So, if you were a farmer who took out a million-dollar loan today in December, you would get $1.2 million in return.

01:27:44.720 And then you could also sell the crop that you were going to grow and make a profit off of that.

01:27:49.220 Wow.

01:27:49.560 This sounds like a great program.

01:27:50.980 But guess what?

01:27:52.260 You don't get it if you're white.

01:27:53.460 So, that's the only requirement is that you're not white and you get the money.

01:27:59.820 So, but it says disadvantaged.

01:28:02.820 And Adam, I doubt Adam would call himself disadvantaged, but, you know, being a double amputee might not be an advantage of getting up every morning and milking the cows in the stalls.

01:28:18.800 He's not included.

01:28:19.780 No, exactly.

01:28:22.660 Yeah.

01:28:23.460 So, Dan, who are the other farmers and what does it mean if you win or lose?

01:28:32.120 The other farmers are from Wisconsin, Minnesota, South Dakota, Ohio.

01:28:38.180 I've been on the phone with dozens and dozens of other farmers around the country who feel the same way.

01:28:44.940 They don't really want any special treatment.

01:28:47.440 What they want is to be treated equally.

01:28:50.080 Right.

01:28:50.300 So, I mean, this is really a sad chapter in our American history.

01:28:53.840 Our country was founded on equality.

01:28:56.220 Right.

01:28:56.420 We teach our kids that we hold these truths to be self-evident, that all men are created equal.

01:29:01.640 Right.

01:29:01.920 So, Abraham Lincoln, again, rededicated our country to equality.

01:29:05.640 Martin Luther King dedicated our country to the colorblind society.

01:29:09.620 All those ideas of equality are now being swept away.

01:29:14.140 This is the opening kickoff in the wars of racism and anti-racism and critical race theory.

01:29:22.380 This was the opening salvo.

01:29:24.220 This is there is more to come from the Biden administration.

01:29:27.500 And you're going to be hearing this this song repeated over and over that we need to do something about those white people.

01:29:36.560 And we need to reverse the tables on them, which is what exactly is happening here.

01:29:42.100 So, Dan, if you win, it could have far-reaching consequences and the same if you lose.

01:29:51.380 Right. So, the U.S. Supreme Court has said in past cases that the government cannot use racism to cure racism.

01:30:02.820 If they're going to use some discrimination against people, they have to have it for a very limited time.

01:30:08.960 It has to be narrowly tailored.

01:30:11.280 It has to be targeted to remedy past wrongs in very specific circumstances.

01:30:16.880 You should think like school desegregation was a time where race was considered a factor and the government rightly desegregated schools.

01:30:25.280 But when the government now uses the excuse of systemic racism as their reason for doing this, the question is, where does it stop?

01:30:35.680 What is the logical stopping point?

01:30:37.520 If the government is allowed to use racism and use race discrimination to cure societal discrimination, what else can they do?

01:30:46.500 And the Supreme Court has rejected that.

01:30:48.860 And they've said, you can't do that.

01:30:51.540 There's no logical stopping point.

01:30:53.140 And so, if the Supreme Court backs down from that principle, it's going to be a very long and winding road down this tunnel of critical race theory and systemic racism.

01:31:06.440 So, Dan, you're in Wisconsin, which amazes me.

01:31:10.860 Wisconsin is a very progressive state.

01:31:13.220 Wisconsin, it's important to make sure that this goes to the right court.

01:31:20.280 What are you looking at?

01:31:21.980 Who are you bringing this to?

01:31:24.220 So, we're bringing it to a federal judge in Wisconsin in the Green Bay Division of the Eastern District of Wisconsin.

01:31:32.760 We're going to litigate it there.

01:31:35.200 We might ask the judge to put the law on hold while it gets evaluated.

01:31:39.680 We think that's reasonable.

01:31:40.660 There are there's another lawsuit in Texas that's going on.

01:31:46.100 I've heard rumors that there are other law firms who are going to be getting in the mix at West.

01:31:51.700 So, I say, as far as the litigation strategy, the more the merrier.

01:31:57.740 We need to put the burden on the government to explain why race discrimination is important.

01:32:05.840 And we need to have them put them to the test and have them explain themselves.

01:32:11.580 It's we're the citizens.

01:32:12.760 It's not our burden to prove that this law is bad.

01:32:16.480 They have to prove this law is right.

01:32:17.980 They have to prove that we should retreat from the principles of equality and we should retreat from what is the foundational principle that all people are created equal.

01:32:29.640 And we should be treated as individuals.

01:32:32.580 And that's what's lost in this.

01:32:34.420 Adam, I assume you're not a suing guy.

01:32:38.360 You're not one that sues everybody at the drop of a hat.

01:32:40.980 Uh, no.

01:32:43.160 Okay.

01:32:43.660 Um, I'm pretty happy just to be here and milk my cows.

01:32:47.600 Yeah.

01:32:48.040 So, tell me what made you sign up for this.

01:32:51.880 What drove you to this?

01:32:53.540 Um, well, from the time that I saw this all playing out and the proposal of this act, it really bothered me that there would be, that the government would turn its back on its citizens and do something that's racist, which is against the fabric of our country.

01:33:17.900 And as, uh, time went on and didn't see anything really happening, I kind of assumed that there'd be organizations that would jump on this immediately and they not see anything happening.

01:33:33.300 I thought, well, somebody has to get involved and has to represent agriculture.

01:33:39.900 I mean, agriculture is not, is not built on a bunch of racist people and I've, I've heard from a lot of people and supporting us and thanking us for, for stepping up and, and trying to take care of this.

01:33:59.440 Well, Adam, I'm a small farmer and a small rancher myself, and I thank you for it.

01:34:03.440 Um, I don't want the loan or would I, would I apply for the loan?

01:34:09.000 Um, but I have been deeply offended and so have all of the farmers around my farm.

01:34:14.920 Uh, we all feel the same way.

01:34:16.940 The farming community is a tight knit community.

01:34:19.760 We all help each other.

01:34:21.420 We don't care about your politics or anything else.

01:34:25.080 We help each other because we know at some point we're going to need the help and we're going to need everybody else to help us.

01:34:30.740 And it's a great community that does help each other.

01:34:36.120 And, uh, the division that this creates, I mean, you want to talk about dividing people.

01:34:42.940 How hard is it to divide farmers?

01:34:45.800 I mean, unless it's a, unless it's a squabble over water, pretty damn hard.

01:34:53.300 Adam, thank you.

01:34:55.600 Uh, thank you so much.

01:34:56.480 And Dan, when does this go to court?

01:34:58.020 Well, the United States, uh, has, uh, a few weeks in which to respond to this.

01:35:03.620 And, and, uh, as I said, in the meantime, we may have to ask the judge to put this law on hold, um, before the money starts, uh, going out.

01:35:11.140 And do you have the money to fight the United States government on this?

01:35:14.540 We are a non-profit law firm in Wisconsin, Wisconsin Institute for Law and Liberty.

01:35:20.640 And we, uh, exist purely on the kindness of others and donations.

01:35:25.360 And, uh, anybody who wants more information can go to our website at will-law.org.

01:35:31.020 W-I-L-L-law.org?

01:35:34.740 Yes.

01:35:35.320 Okay.

01:35:35.800 Will-law.org.

01:35:38.260 Thank you so much.

01:35:39.200 Dan, best of luck to you and your team.

01:35:41.420 Adam, God bless you, man.

01:35:43.320 Keep milking those cows.

01:35:46.420 Appreciate it.

01:35:47.200 You bet.

01:35:47.540 Bye-bye.

01:35:50.880 Oh, last thing I'd ever want to be is a dairy farmer.

01:35:53.880 Oof.

01:35:55.180 Oof.

01:35:55.700 I don't even want to live around a dairy farm.

01:35:58.280 Seems like hard work.

01:35:59.640 Oh, yeah.

01:36:01.180 Really hard.

01:36:02.680 Every day, more and more people are discovering the wonders of rough greens for their dogs.

01:36:07.140 I have seen what it has done to my own dog, Uno.

01:36:09.660 You know, always been a very picky eater to, I mean, that's at best.

01:36:15.120 Picky eater is at best.

01:36:17.500 He just wouldn't eat at times.

01:36:19.420 You had to stand there and watch him and don't move.

01:36:22.320 If you move, he stops eating.

01:36:23.640 And he looks at you like, are you leaving?

01:36:25.100 Because I'm ready to go.

01:36:26.140 I don't like this food that much.

01:36:27.720 No matter what he was eating.

01:36:29.260 Then we started putting rough greens on top of his food.

01:36:32.820 And now he runs to his bowl.

01:36:36.000 And just the other day, I was telling Tanya, have you noticed how he is like licking the

01:36:39.600 bowl clean?

01:36:40.140 This is dry food we're putting in there.

01:36:41.940 He's licking the bowl.

01:36:43.840 And she said, no, I haven't seen that.

01:36:45.640 And I said, well, you've been gone for a couple of weeks.

01:36:47.300 Watch.

01:36:47.960 Watch tonight.

01:36:48.660 He pushes it again.

01:36:50.260 We just keep hearing his bowl slamming against the wall of the of the coat room where we

01:36:57.240 feed him.

01:36:57.700 And it's like he is trying to get every crumb out of that bowl.

01:37:02.560 It's amazing.

01:37:03.680 Get a free bag right now.

01:37:05.420 Just a little bag just for your dog to try out.

01:37:08.120 All you have to do is pay for shipping.

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01:37:10.860 Just see if your dog will eat it.

01:37:12.200 They don't want you buying a full bag.

01:37:13.400 If you know, if you're if your dog's not going to eat it, it will.

01:37:17.100 It will change your dog.

01:37:18.580 Not only is eating habits, but it will change your dog's health.

01:37:22.280 I've seen it in my own dog.

01:37:24.080 You give this a few months and you won't believe the difference.

01:37:26.860 It's rough greens.

01:37:27.860 Are you FF greens dot com slash Beck?

01:37:30.560 Or you can call 833 Glenn 33.

01:37:33.140 That's 833 Glenn 33.

01:37:35.800 10 seconds station ID.

01:37:48.580 There is a one hour live stream broadcast premiering May 4th.

01:37:53.240 That's today.

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01:37:58.580 Join me tonight as we celebrate the National Military Appreciation Month by watching the premiere of America Salutes 2021.

01:38:08.240 It's a star studded virtual tribute to our class of 21 2021 high school enlistees.

01:38:16.220 These are the people who are in high school and they've decided that they're going to go into the military.

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01:38:25.420 Eastern.

01:38:25.940 I highly recommend there's a thank you from a video thank you and a card, if you will, that everybody can sign.

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01:38:58.020 Again, that happens tonight.

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01:39:07.180 And make sure that you go to America Salutes dot U.S.

01:39:11.380 And just sign a thank you.

01:39:13.660 We appreciate your service for all of these young kids.

01:39:17.960 How are you doing, Stu?

01:39:19.240 You look a little war weary today.

01:39:21.220 Yes, it's kind of a scary show.

01:39:23.420 The only thing entertaining me on the other side, as you are talking about our economy collapsing, I'm just watching Dogecoin rise.

01:39:32.020 And I mean, we're all going to be billionaires on Dogecoin.

01:39:34.840 So that's the opposite.

01:39:35.880 I mean, now our dollars are going to be worth anything.

01:39:37.960 That's important to know.

01:39:39.140 But at least we'll have tons of Dogecoin.

01:39:41.120 Now, when I said Dogecoin wasn't worth anything last time, it was worth less than a cent.

01:39:47.580 How much is it worth now?

01:39:50.080 Oh, well, Dogecoin is now at 51 cents.

01:39:56.600 Holy cow.

01:39:57.460 I lost the page.

01:40:00.340 So if you would have put it in, what was it?

01:40:02.780 0.6?

01:40:04.080 Well, like a year ago, it was like 0.2 cents.

01:40:06.620 0.2 cents.

01:40:07.200 So currently it's at 51.

01:40:09.660 So you'd be, you're about 250 times your money from a year ago.

01:40:15.080 So $1,000 invested.

01:40:16.680 $25,000.

01:40:17.300 $250,000.

01:40:18.440 $250,000.

01:40:19.500 Yes.

01:40:19.960 A lot of millionaires made on Dogecoin.

01:40:22.560 And I do think we hit actually, I think, 58 or 59 cents earlier today.

01:40:27.500 And a lot of this may be leading into Elon Musk going on Saturday Night Live, which everyone

01:40:32.360 seems to think he's going to mention Dogecoin, which will make it go even higher.

01:40:36.860 It's so ridiculous, but it's fun to play along at home.

01:40:41.060 It is, especially at 50 cents.

01:40:43.820 Yeah, because you can just kind of pop in there.

01:40:45.560 Maybe you have a couple of hundred extra bucks laying around.

01:40:48.940 Laying around.

01:40:49.820 Yeah.

01:40:50.060 It just happens all the time.

01:40:51.400 It is gambling.

01:40:52.400 It is gambling.

01:40:53.000 Well, when the government's sending you $1,400 checks, maybe you're taking a couple

01:40:56.660 hundred bucks of that and popping it into Dogecoin.

01:40:58.300 You know, the casinos are doing really well.

01:40:59.820 Casinos are doing well.

01:41:00.860 There's a great story in the Washington Post.

01:41:03.400 I mean, sincerely, they actually did some really good journalism about an immigrant who

01:41:08.860 came over here, built the American dream by renting out homes to people around a depressed

01:41:15.800 community that was coming back.

01:41:17.960 It was Connected-y, I think it was.

01:41:20.540 Oh, it's Connected-y came back.

01:41:22.720 Well, apparently, you know, at the low point, it kind of came back.

01:41:27.100 Yeah, yeah.

01:41:27.580 Anyway, long story short, they have sent a bunch of money to the people who are renting

01:41:33.160 his homes, and they have told them they don't have to pay any rent.

01:41:36.420 So now he's paying all of the taxes and all the costs of the home, but he can't remove

01:41:42.060 any of the people because there's a moratorium on evictions, and none of them actually have

01:41:46.460 to pay rent because of the laws.

01:41:48.180 They haven't said, because I guess he's an evil rich person, this immigrant who came over

01:41:52.640 here and built the American dream from scratch.

01:41:54.420 He has to now sit here and go bankrupt because he can't pay any of his own tax bills because

01:42:02.440 none of his renters are actually paying rent.

01:42:05.680 And they're all protected, so they just stay in there.

01:42:08.060 They're protected from forbearance.

01:42:09.660 Do you know?

01:42:10.840 Forbearance is what, you know, they don't have to pay their mortgage or they don't have to

01:42:15.180 pay their rent.

01:42:17.100 Because it's his mortgage, I wonder if he gets forbearance.

01:42:20.320 That's a good question.

01:42:21.500 I don't know if he's paid for these houses in advance.

01:42:23.480 I didn't go into that much detail on his particular point, other than to say that the ongoing

01:42:28.320 costs of his places, he had to keep paying.

01:42:33.260 Now, look, he had built, you know, a business up.

01:42:37.160 He wasn't, you know, he wasn't wealthy, wealthy, but he is doing relatively well.

01:42:41.440 Now he's on the verge of bankruptcy with he's run up all of his credit card bills to pay

01:42:46.120 these things, and he can't do anything.

01:42:48.480 People are just ignoring him, and he's looking through the windows and seeing big screen TVs

01:42:53.100 inside the houses.

01:42:54.060 Oh my gosh.

01:42:54.840 I mean, can you imagine how frustrating this is?

01:42:56.720 Oh my gosh.

01:42:56.940 You know, the government tries these little fix-it plans, and a lot of people get left

01:43:00.420 out of them.

01:43:01.300 And I think, I think this case, we can make a good case that it's intentional.

01:43:07.360 They're intentionally leaving people out.

01:43:14.220 This is the Glenn Beck Program.

01:43:16.460 Groucho Barks once said, I refuse to join any club that would have me as a member.

01:43:23.640 Well, that's good in the world of comedy, but these days you need to join groups that

01:43:28.680 will not only have you as a member, but which stand for the same things that you do.

01:43:33.900 I don't know if you've heard of AMAC yet, the Association of Mature American Citizens, but

01:43:38.920 it is, you know, it's a group that will give you all the discounts for seniors and everything

01:43:43.400 else.

01:43:43.700 But also, it's an advocacy group that now has over 2 million members, and they're growing.

01:43:50.340 They represent courage, faith, reason, all the things, solvency, all the things that we

01:43:55.660 were taught growing up, all the things we know to be true, national security, sovereignty

01:44:00.100 over unchecked borders, you know, your money is your money.

01:44:04.940 AMAC, they've been pushing for about 12 years now, pushing back on the machine and the radical

01:44:11.020 left's socialist agenda, and they do make a difference.

01:44:15.060 But there's power in numbers.

01:44:16.540 Join them today.

01:44:17.320 Go to amac.us slash beck.

01:44:20.100 That's amac.us slash beck, A-M-A-C dot U-S slash beck.

01:44:29.980 With all this hyperinflation coming, a Blaze TV subscription could be a million dollars

01:44:34.100 by tomorrow.

01:44:35.000 Wow.

01:44:35.380 Wow.

01:44:35.760 Don't miss your chance now.

01:44:36.820 BlazeTV.com slash Glenn.

01:44:38.240 Promo code is Glenn.

01:44:39.020 Save 10 bucks.

01:44:47.220 This is the Glenn Beck program.

01:44:49.260 We're glad you're here.

01:44:50.100 Just a few minutes ago, I was talking about a program that I'm involved with tonight,

01:44:54.400 americasalutes.com.

01:44:56.920 It is a celebrity, you know, I mean, when I say celebrities, people you like that are involved

01:45:06.260 in saluting those high school students that have chosen to go into the military.

01:45:12.700 It's just this kind of cool little tribute program.

01:45:15.380 It happens tonight, and it's only on americansalutes.com.

01:45:19.380 And you can sign a thank you card there as you go and get ready for it as well.

01:45:25.000 But that is tonight, americasalutes.com.

01:45:28.880 Tomorrow night on the blaze tv.com, blaze tv.com, I'm going to debunk the three big lies about

01:45:36.000 systematic racism.

01:45:37.220 When the left talks about systematic racism, they conveniently leave out a few things.

01:45:44.620 And one of those few things is the willingness to include Asian Americans from that.

01:45:51.580 Asian Americans are so overlooked and and they they are they are they're they're said to overperform.

01:46:03.600 Uh, they don't represent any real, any real minority.

01:46:10.280 Uh, and that's why they're, uh, excluded from many Ivy League schools now because there's just too many of them and they do too well.

01:46:18.720 Oh, and now all of, of course, the, uh, the hatred, uh, of Asians, which honestly, I don't even understand.

01:46:28.540 I grew up in the Pacific Northwest and, you know, we had Asians were our neighbors and friends and I don't even understand it.

01:46:35.940 But, uh, I guess that's, uh, that's going on.

01:46:39.700 Yukon Zhao is with us now.

01:46:42.320 He is the co-founder and president of Asian American coalition for education and we wanted to talk a little bit about, uh, the discrimination against Asians.

01:46:51.460 Um, you actually sent a letter to the attorney general criticizing the Biden administration and their approach on fighting against anti-Asian violence and hate crimes.

01:47:03.620 Did you not?

01:47:05.220 Uh, yes.

01:47:06.200 Glenn, thank you for having me.

01:47:08.080 Sure.

01:47:08.200 Yeah, I, um, April 6th, on behalf of Asian American coalition for education, I sent a letter to U.S.

01:47:17.360 Attorney General Garland because the three, the four, three reasons.

01:47:24.100 First, the data and the facts point out over majority of the violent attack on Asian Americans were reported in states

01:47:34.960 that either reduce the funding for police or release many violent criminal irresponsibly during the COVID-19 pandemic, such as New York, California.

01:47:47.560 But in the states who voted for Trump, like Texas and Florida, there was very little reporting.

01:47:57.200 So, actually, the primary reason is the early release of violent criminals on the street.

01:48:05.960 So, the Biden administration, they put a wrong blame to, like, a friend of Trump to the white supremacists.

01:48:12.700 That is the number one.

01:48:13.840 I would love to just blindly go with you because you're saying what I like to hear.

01:48:18.900 But do you have anything to back up the fact that these crimes are not being reported in Florida and in Texas,

01:48:27.960 but in California and New York and the connection to the release of violent prisoners?

01:48:33.860 Yeah, actually, in Washington, in New York Post, on April the 10th, another Chinese American called White Wall Chin,

01:48:46.040 she published an article, she documented from end of February to end of March about six, like, incidents versus attack on Asian Americans.

01:48:57.580 All of them were, like, people of color, were violent, you know, some of them really released, early release of, like, criminals.

01:49:08.760 Example, a 65-year-old Filipino in Middletown was attacked on April 5th, right?

01:49:15.800 And that person actually was a criminal, being early released.

01:49:19.700 He was put into, like, a Marriott at some downtown, you know, hotel.

01:49:24.060 The Democratic mayor treated him very well, but this guy attacked, you know, he murdered his mother many years ago, but he was early released.

01:49:34.320 So that's a lot of data.

01:49:36.860 I also listened to another, like, Department of Justice seminar, like, in South Florida.

01:49:43.340 Over the last few years, you know, that was only one hate crime against Asians.

01:49:49.260 That happened before President Trump, you know, there was no other, like, you know, hate crime in South Florida, like, in U.S. Attorney's Office in South Florida.

01:50:01.220 This is a huge contrast.

01:50:03.880 Tell me about, you asked for the politicians and the media to stop labeling Asian Americans as overrepresented or privileged.

01:50:15.740 Tell me about that.

01:50:16.620 Yeah, that is another source of, like, hate crime, you know, against Asian Americans, because, you know, Asian Americans, we've never been, like, in a position making the national policy, right?

01:50:31.460 We've never been privileged.

01:50:33.880 You know, the reason we have good performance in the education, because we emphasize education, we're hardworking, right?

01:50:43.660 So, but, you know, reckless politicians from the left, they label us as overrepresented.

01:50:51.660 And in Department of Education in New York City, some politicians even label us as privileged.

01:50:58.340 So this absolutely will lead to the hatred towards Asian Americans.

01:51:03.440 It's totally baseless, you know, it's irresponsible.

01:51:07.660 I will tell you, this is a really hasty generalization or overgeneralization, but when I think of Asian kids in school, I think they are smart, not because they're born smarter.

01:51:21.700 The culture, the culture, the family culture emphasizes hard work, emphasizes study, and so they perform well.

01:51:31.500 And instead of, you know, people saying that they're privileged, we should be saying, what are you guys doing and how are you doing it?

01:51:39.560 Because, I mean, it's working for you.

01:51:42.020 Exactly, you know, I used to work at, like, a big corporation.

01:51:47.920 We promote best practice.

01:51:50.460 Unfortunately, in America right now, the liberals don't want to really help the other minority, like black and Hispanic, to really lift them up, you know, help them improve the parenting, you know, promote this kind of pro-education culture.

01:52:09.700 They just want to bring Asian Americans down.

01:52:13.400 That is wrong.

01:52:15.780 So, how are we doing on the progress in universities?

01:52:21.980 Because it seems to be getting worse.

01:52:26.160 Yes.

01:52:27.400 You know, it's good news and bad news.

01:52:29.640 The bad news is radical left.

01:52:32.760 They initiate a nationwide campaign to cancel the standard test.

01:52:38.160 That is assault on American meritocracy.

01:52:42.900 One of the reasons they gave is there are too many Asians in the college, right?

01:52:48.800 That is the bad news.

01:52:50.380 The good news is students forfeit admission.

01:52:54.620 The lawsuit already petitioned to the U.S. Supreme Court.

01:52:58.320 Hopefully, if the U.S. Supreme Court takes this case, we may be able to strike down the systematic racism against Asian America, which is a risk-based affirmative action.

01:53:12.200 They say that meritocracy, your belief in meritocracy, is just you playing into the white supremacist view of work hard and you'll get somewhere, and you're only playing the white supremacy game to get ahead.

01:53:31.840 Which I think is a pretty racist thing to say on multiple levels, but one of which would be they are saying then that meritocracy doesn't exist in Asian culture at all?

01:53:47.760 That doesn't seem correct.

01:53:49.580 No, it's totally wrong.

01:53:52.820 Actually, meritocracy stems from China.

01:53:56.920 About a thousand years ago, China already implemented imperial testing system.

01:54:04.220 All the officials need to pass the test to become government officials, all the applicants, right?

01:54:11.360 That happened over a thousand years ago.

01:54:15.840 Actually, worldwide, all the nations learn from that.

01:54:18.760 And in China, we had the national college entrance exam.

01:54:23.720 You know, I'll tell you one story.

01:54:25.900 During the Chinese Cultural Revolution, Mao Zedong, the dictator, he wanted to bring so-called equity to the workers, to soldiers, to peasants.

01:54:36.960 He stopped the college entrance exam.

01:54:40.560 You guess what?

01:54:41.580 China's economy, technology, innovation, everything collapsed.

01:54:45.820 So, America should take lessons, should not repeat that kind of mistake China had about like half a century ago.

01:54:55.460 So, tell me this.

01:54:57.100 You know that story.

01:54:58.780 I know that story.

01:55:01.600 How, Yukon, how does this, how do the, do the people in Washington know, because they must know that what they're doing is going to damage America and our position to a great extent?

01:55:16.700 Or are they just dumb?

01:55:19.500 Uh, I, I want to say, you know, some, you know, particularly in people in Washington and some local, you know, local government, many of them are playing dirty identity politics.

01:55:32.700 Why?

01:55:33.700 Because many males in our inner city, liberal males, they failed the black and Hispanic children miserably, in under their watch, like New York City, right?

01:55:48.280 Like the Hispanic and black, their English proficiency and the math proficiency is less than half of the white and the Asian, right?

01:55:59.860 But if they failed miserably, you guess what?

01:56:03.340 He wants to continue getting the votes.

01:56:05.160 So, they, he tried to change the, like, entrance exam for the New York Specialized High School for the same reason, many politicians want to change, impose risk factors in college admissions.

01:56:19.600 So, they use Asian children, also many times white children, as a scapegoat for their policy failure to solve the issue in the black, too many black, and Hispanic community.

01:56:33.720 I thank you for, um, standing up and being a voice in reason, especially in a time when nobody seems willing to.

01:56:44.080 Yukon Zhao is, uh, our guest, and you can follow him and find more information at AsianAmericanForEducation.org.

01:56:53.700 That's AsianAmericanForEducation.org.

01:56:59.580 Thank you so much, Yukon.

01:57:01.180 Appreciate it.

01:57:01.840 Thank you for having me.

01:57:03.000 You bet.

01:57:03.460 Bye-bye.

01:57:06.220 Tomorrow, we're going to be debunking all of these lies, uh, that the left is telling us.

01:57:11.040 I mean, Al Sharpton was amazing.

01:57:12.960 What was he, yesterday, where he's like, you're telling me?

01:57:16.080 Come on, you can't tell me America's not a racist nation.

01:57:20.300 Really?

01:57:20.860 Now we have to defend that we're not?

01:57:23.300 Isn't that itself against the American system?

01:57:26.960 You're, you're, you're, you're innocent until proven guilty.

01:57:30.940 Now they've flipped it.

01:57:33.000 Prove to me.

01:57:34.000 Show me that you're not a racist.

01:57:36.220 Oh my gosh.

01:57:37.100 Uh, we're going to take it apart tomorrow, uh, on Blaze TV.

01:57:41.020 And we really could use your, uh, subscription.

01:57:44.560 We, we need you as a partner and a family member of Blaze.

01:57:49.300 Join us at blaze tv.com slash Glenn.

01:57:52.700 Use the promo code Glenn and save 10 bucks.

01:57:54.580 Yeah.

01:57:54.620 People always say like, you know, everyone's doing all this stuff.

01:57:56.940 What we need to actually do something about it.

01:57:58.700 We need to do something.

01:57:59.680 And I thought about that because people, you say that all the time now.

01:58:02.600 I thought that's what blaze tv is.

01:58:06.300 That's, that was you doing something many years ago.

01:58:10.160 I'm like, Hey, we need to do something.

01:58:12.100 Yeah.

01:58:12.900 And then you did something.

01:58:14.220 And here it is.

01:58:15.440 And now they're telling me we've got to do something.

01:58:17.120 Yeah.

01:58:17.660 This is.

01:58:18.500 So, so do something.

01:58:19.840 Come a long way on this already.

01:58:21.200 Join us.

01:58:21.640 We were, you know, we were the first, uh, in and, uh, we are now the largest group of conservatives.

01:58:30.000 Uh, the largest conservative subscription program in the world.

01:58:36.960 And, uh, you're joining a big, big family and we appreciate it.

01:58:40.860 Join us America.

01:58:41.860 Uh, you can do that now at blaze tv.com slash Glenn save 10% now use the promo code.

01:58:48.880 Glenn American financing, uh, this today I've been talking to you a lot, uh, in the first two hours.

01:58:55.460 If you missed this show, make sure you get it on podcast.

01:59:00.120 Uh, the first two hours of this program, really, really important about what's coming.

01:59:05.620 And I said at the beginning, uh, of the show, you're going to need the phone number 800-906-2440.

01:59:13.940 And you'll understand why by the end of the show, if you've been listening to the whole show, you know exactly why.

01:59:20.580 You've got to get the credit card.

01:59:23.860 You've got to get rid of that.

01:59:25.140 You've got to put that on your mortgage and let that mortgage pay off the credit card company.

01:59:31.720 So you don't have that monkey on your back.

01:59:34.420 Interest rates there are going to go crazy.

01:59:37.520 Uh, the same thing could be with the, with the mortgage of your house.

01:59:41.840 Bank of America said yesterday that at the very least, am I quoting Stu?

01:59:47.680 Get to make sure I get this right.

01:59:48.940 At the very least, we are looking at transitory, transitory hyperinflation, hyperinflation, hyperinflation, hyperinflation.

01:59:58.340 But it's only going to be temporary.

01:59:59.880 Transitory.

02:00:00.140 Yeah, don't worry about it.

02:00:01.440 Uh, American financing.

02:00:02.980 Call them right now.

02:00:04.900 800-906-2440.

02:00:07.520 800-906-2440.

02:00:10.300 The only way to stop hyperinflation is to make more stuff and burn dollars.

02:00:16.060 And the only way you burn dollars is higher interest rates.

02:00:21.520 American financing.

02:00:22.740 800-906-2440.

02:00:25.420 American financing.

02:00:26.300 NMLS 1-82334.

02:00:27.880 Or www.nmlsconsumeraccess.org.

02:00:34.600 Uh, I've been listening to this MIT, uh, podcast for a while.

02:00:38.380 And it's about, uh, coming technology.

02:00:40.540 And the latest one was about how easy it is now to, uh, reproduce a voice.

02:00:46.140 Oh.

02:00:46.920 Oh, good.

02:00:47.580 Fake voices.

02:00:48.500 Good.

02:00:48.820 Oh, my gosh.

02:00:49.480 It's a story we should get into this tomorrow.

02:00:51.600 Although, maybe that means we don't have to come into work.

02:00:54.460 I did think of that.

02:00:55.960 I could be in my jammies in bed with a typewriter.

02:00:59.800 I just type it in.

02:01:01.700 I like it, Stu.

02:01:03.160 I like it, Stu.

02:01:03.300 Bye-bye.

The Glenn Beck Program - May 04, 2021

Hyperinflation May Be Only the Beginning ｜ Guest： Yukong Zhao ｜ 5⧸4⧸21

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