Stand for Freedom in Cuba | Guests: Jason Whitlock & Art Laffer | 7⧸12⧸21
Episode Stats
Length
2 hours and 5 minutes
Words per minute
156.08858
Harmful content
Misogyny
15
sentences flagged
Toxicity
50
sentences flagged
Hate speech
35
sentences flagged
Summary
In this episode of the Glenbeck Program, Glenn reacts to a call from a regular listener, Monique, about her experience doing business with the Federal Bureau of Investigation (FBI). Glenn also discusses a newly disclosed criminal case against a man named Fee Jong.
Transcript
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slash save oh man have i prepared for today's show no it's it's not i'm wondering have i prepared for
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today's show have we what you're asking that as a question really done that it's not helpful
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at all crap and it begins in just a couple of seconds stand by
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what you're about to hear is the fusion of entertainment and enlightenment
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well hello you sick twisted freak it's been a while and there's been a lot going on
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so i have a lot to comment on and we begin in 60 seconds
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the glenbeck program so monique is a regular listener to the program of course she is
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i mean it's monique you know what i'm saying chicks dig me anyway she writes in about her
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experience doing uh business with american financing she said i heard about american financing glenn on your
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program uh and uh they were everything you say they'd be they were quick honest they communicated
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so well with us the whole process from signing the application to closing was so fast it was awesome
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thank you monique and i hear you i know what you're saying but no no i'm happily married
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um listen you don't have to be monique to get this kind of treatment from american financing
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uh all you have to do is just call them they work for you and not the banks that's the big difference
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american financing they're not taking any kickbacks you know the banks call and say hey we got this
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special uh loan and we'll give you some kickbacks here if you kind of push this one they don't do
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that it's american financing 800-906-2440 800-906-2440 or americanfinancing.net american financing
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put your hands together yes the triumphant return behind my cardboard microphone wearing my tinfoil hat
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of course i don't wear a tinfoil hat tinfoil would carry my thoughts and work as a broadcast
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antenna of course he people oh he's wearing a tinfoil hat no i'm not i'm on to you cia i'm on to you
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welcome to the program really glad you're here um i just want to report a couple of things that have
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happened uh while i was away uh and i think this says everything we need to know uh you know one of
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the stories that i i really enjoyed uh was to see the fbi and their detective work uh when they
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confiscated the scale model the lego scale model i thought to myself man we're protected
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we are safe uh i mean if they've got a scale model a lego scale model well i find out today
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fbi wanted to clarify it was uh it is a scale model uh but it was still in the box
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um so when you have that kind of evidence i mean look out also today newly disclosed criminal case
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against uh a man named fee jong super white supremacy sounding isn't it um they have um they
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have infiltrated fees uh may i call him fee or should i call him duong i'm not sure uh anyway
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uh he was interacting with undercover law enforcement officers uh several times on january 6th and into
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recent months the fbi ultimately gained access to his group fee had a group i don't know how many
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people were in the group the fong group the uh diong group the diong group diong group might be just
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dong fee dong i'm not sure diong d-u-o-n-g it's probably racist well it is racist
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for me but not to know how to pronounce it uh but stand in line when you're complaining about
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beck can't get your name right uh so anyway they've arrested him uh for pursuing bomb building
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fee white supremacist uh and apparently a pretty dangerous group of people
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one arrest has been made so i feel better now listen um there have been some really disturbing
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things that i don't think the media has given you uh an accurate view on uh mainly because
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they talk about and then just move on they're like oh this was great that was great there's a new bill
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out congress is doing something all right there's and you know what they're putting the government in
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charge of your credit score i heard that i thought wait a minute what that doesn't sound good
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good credit is a gateway to wealth says the financial service chair maxine waters yet for far too long our
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credit reporting system has kept people of color and low-income persons from access to capital to start
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small businesses access to mortgage loans and become homeowners and access to credit to meet financial
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emergencies okay hang on just a second people of color i hope that's not true and if it is that
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needs to be you know covered and i thought we had all of these rules in place so you couldn't
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discriminate i mean can you show me some evidence where people of color have been held back from
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getting loans for mortgages or anything else just because of color please show me that because we
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should clean that up i don't believe that's happening but maybe it is maybe it is i would
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think that we had gotten past that point um and then low-income persons from having access to capital
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to smart start a small business yeah i mean that was me at one point i remember being very very
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frustrated when i was uh when i was young that uh i couldn't get credit well how i remember saying to
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the bank loan officer how am i supposed to get credit if you won't give me credit that happens
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to everybody when you have low income what this sounds like is what led to the financial collapse
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of 2008 where they told the banks you have to give loans to these people so it's but it's really not
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even about that it's not even about this is again congress doing what they did in the early 2000s
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that caused the collapse what this is about is protecting your credit score
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that's protecting your credit score act of 2021 and it's a comprehensive credit act and it reforms our
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credit reporting system and it makes the government uh in charge they're going to replace the
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the three-tiered uh credit bureau system with a public credit registry that way and it's going to be run
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through the consumer financial protection bureau which is elizabeth warren's little bureau isn't that
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great so that you can trust it now what happens when the government has your credit score and the
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government is the only one that you can go to if you have a problem first of all anybody who's ever
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had a problem with their credit score and it was an error yeah imagine the fun it'll be when you're
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dealing with the federal government oh it was fun to try to turn it around outside the federal government
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and i can tell you this reminds me of attempting when we moved to texas to remove myself from the auto
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renew of the toll service in new jersey because you could you know they charge you every month and
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if you go through the tolls enough it refreshes well what they came up with was a system in which
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they would deduct if you didn't use any tolls at all they just had a arbitrary they would charge you
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one dollar a month for holding on to this thing so one dollar a month would come off of my balance
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every month and then eventually it would get to zero and they would recharge me even though i was
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living in texas and i spent wow countless hours on the phone on on the line online trying to get
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them to reverse well it's not going to be like that i eventually had to send them legitimately a fax
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a fax a fax and still after the fax happened and they turned it off two years later they just turned
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it on one day and started charging me again so every single month again i had to go through the whole
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process again now kids a quick lesson what did we learn from stew he is part of the rich elite yeah
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there you go okay and evidence he had access to a fax machine as we have learned recently from our vice
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president people don't people in rural areas they don't have fancy things like fax machines they don't
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have mimeograph machines you know what i'm saying uh they can't copy anything i don't know if you know
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this i mean you're listening to me most likely you're living in the middle of the country uh and
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or your at least your heart resides there where there are no copy machines here's the here's the vice
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president is agreeing to voter id one of those compromises that you'd support i don't think that we
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should underestimate what that could mean what could that mean because in some people's mind
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that means well you're gonna have to um xerox or or or photocopy your id to send it in to prove you
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are who you are well there are a whole lot of people especially people who live in rural communities
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who don't there's no kinkos there's no office max near them right people have to understand that when
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we're talking about voter id laws yeah be clear about who you have in mind and what would be
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required of them to prove who they are okay god forbid we get to a xerox machine notice she cleared
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that up she didn't use xerox because xerox is so outdated you can buy a xerox machine for like a dollar
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xerox they don't even have mimeographs no yeah out here in the rules what we do is uh i'll just put
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my hands up like i got a camera and i like like click click and then i said june i got a copy of it
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i'm gonna have it developed but we don't have film or cameras or anything like that yeah you know most
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people don't have film or cameras or could you sorry please my bad my bad could you i mean there are
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things that you can you can you know use today that people in the middle of the country have
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that would ah all right i got so irritating it's my fault my fault sorry that you don't have to have
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a camera or film or a xerox machine i'm uh it must be important i should probably just take it can you
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just silence your cell phone for a second yeah how do you do that is there a button on here maybe it's
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this one hold on i don't know oh no that's making it rain again oh my gosh well now i forgot what the
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device was that everybody has that could you know take a picture of something and send it right away
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to the government yeah me neither can you stop that's just embarrassing gosh and you're on the
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radio hall of fame and i'm doing i shouldn't be doing easter on the whole show off i can't start a
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show like this and then have that happen in the okay there is a device trust me i'll change it to
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this this will be better okay okay thank you uh there is a device that can do that i don't know
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if kamala knows that but uh hey also did you i just now they're calling in all the different ringtones
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as he figures that out let me take a quick 60 second break to tell you about our sponsorship
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well you do from eating the wrong things you do actually constantly though yeah you have to eat
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it constantly it's not like hey once in a while i'm gonna splurge no not like big bowls of ice cream
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for breakfast right you know what i mean that's what it takes so i know a little bit about something
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man we have so many important things to talk to you about today um
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but i i just have to go over a few things too since the world has changed since i have
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since i've been here really yeah i was on vacation for 10 whole days are you kidding me
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world moves fast today i'm just checking the list here on things that have now become racist
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uh in the last 10 days since i was here last uh remind me don't use the word exotic
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like exotic food can't use that anymore exotic is racist exotic is racist exotic so like uh
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yeah i wonder let's have some exotic food you're like take off the clan mask why don't you
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uh okay i didn't i was unaware of this really yeah washington post uh in the food section last
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week uh banned the word exotic said it's uh rooted in white dominance and colonialism so don't say it
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anymore it's interesting because exotic is a pc term when it comes to dancing it's taking it's
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actually the softer version that's erotic okay is it i think exotic dancing is the nice way to say
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that maybe you're doing something something else okay all right and and now that's banned
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so now where do you go with that well i don't know but exotic will take you right according to
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the washington post to xenophobia and racism it's a slippery slope in fact it's not it's a direct path
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it is the doorway to xenophobia is that the whole point of the food section though like you're trying
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to you're trying to introduce people who might eat grilled cheese every day for meals into more
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well here's what i've started adventurous foods i've started to say that eggplant is exotic uh that
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way i don't have to eat it anymore can't order that can or celery exotic can't eat it anymore all
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salad ingredients it's weird it's really weird now there's another thing since i've been on
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vacation remember the world moves fast i've been gone for 10 days you would expect several items to
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be listed to the racist category geology is also apparently racist now uh the study of rocks racist say
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it with me racist yeah geology is racist come on drill it into your head man
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a group of top geologists uh have published a manifesto in a scientific journal called nature
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communications i read that i'm a scientist i'm a doctor of course i read that and it's really good
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except for this article but i gotta believe it because it's it's science man they claim black
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people are hesitant to become geologists because they fear being gunned down while using basic
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wait what they go on to say it's because of the stereotype associated with black people
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holding objects i don't even understand what that means holding objects that's a very broad stereotype
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when i say when i say black person what is he holding in his hands immediately what comes to mind
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what is he holding in his hands a small rock hammer that's exactly right yeah and they're
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going to be gunned down in those geological enclaves that they all work in how often do you get in one
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of those geological areas of town yeah i know it's like exactly yeah that's when you're black don't go
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into those sections of town definitely bad uh holding object i'm quoting holding objects uh like a rock
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hammer has been viewed as suspicious and has been used as a reason to call the police on black people
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what uh 9-1-1 listen uh there's a black there's a black person they're holding a geological hammer
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out in front of my house and uh i don't know what i don't know what he's planning on doing it uh
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breaking rocks or just killing people probably killing people can you can you i don't even know
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what a geological hammer looks like uh and this this can lead to the i'm still quoting lead to the death
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of black individuals entirely because of racial profiling and an unjustified fear of black people
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with hammers that's a phobia i had not heard before that's what i didn't know yeah uh and the
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lack of geologists uh who are black shows the bigoted roots of geology 9-1-1 i've got an african-american
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with some black opal outside my house right now god forbid god forbid they say they're studying any
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kind of exotic rocks oh we'll know what's um we'll know what's going on there uh and then of course
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over smiling is uh is now you know this right oh oh this is from robin d'angelo ah what were you
00:20:48.620
covering nice racism yes yes not that i was not covering the contents of nice racism okay well which
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is bombed uh it is over smiling that white people do white niceness in the face of racism is a form of
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plantation relationships uh so you know if you're if you're smiling it doesn't mean that anti-blackness
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isn't simmering just below the surface and there was there was uh one added last night from insect
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experts insect experts now say they are concerned that the gypsy moth is offensive to certain people
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i don't know who those certain people are probably black people with hammers i don't know who those
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certain people are but uh those certain people might be offended by the gypsy moth and i don't know how
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many times i've said it if i've said it once i've said it once we've got to rename the gypsy moth
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oh see what you miss in a week in a week the world can change i mean is it possible we can get
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the black people with hammers to just crush the gypsy moths maybe we get a vote with a little bigger
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hammer i would be fine with that it's a win-win it's a win-win
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this is the glenn back program you know i love a good movie love to watch it with the family
00:22:50.220
uh what ruins really almost every great movie is uh squirming that's the part that's the part
00:22:58.680
where you're watching with your kids and you're like huh didn't know that was going to be in here
00:23:02.880
hmm uncomfortable let's all not look at each other and just move on and hope nobody noticed it
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could be graphic violence extreme language sex scenes that just pop up onto the screen you know
00:23:16.500
right when your kids are walking into the room there is a there is a device out that is really
00:23:22.800
really great it's called vid angel i shouldn't say it's a device it's it's a service that is provided
00:23:29.640
and it will it will take and it will skip all of the parts as you direct so you could say i only want
00:23:36.700
the sex scenes and i guess it'll only give you the sex scenes i haven't tried it that way i know you can
00:23:42.220
take all of that out you can say language up to this word is fine but you control what your kids
00:23:50.620
and what you are watching vid angel beck.com do it now use the promo code beck1 it's vid angel
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off your subscription to blaze tv glenn is back this week big show planned for wednesday
00:24:08.860
friday night uh with matt schlapp from cpac i did a uh i did something over at the uh mercury one
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offices at the uh american uh journey experience in the history vault we brought a bunch of the cpac
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people over and we showed them uh the vault and matt was there and and blown away um people don't have
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any idea what we're doing soon you will uh you'll understand i think what dennis prager has done is
00:24:43.700
has changed so many people um and it's gotten them interested um to learn more and we are currently
00:24:52.480
putting together the largest collection of american history and especially on the founding era we're
00:25:00.840
only we're only surpassed by the national archives and the library of congress and founding documents
00:25:06.840
documents on this country prior to uh 1812 um and he came in and he said so what are you going to
00:25:15.980
speak about tomorrow because saturday i spoke at cpac i said i have no idea and he just got this look
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in his eye like oh boy it's tomorrow do you know that and i said uh yeah i don't i don't know
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i don't know maybe i should bring some of this stuff and he's like oh that'd be great
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i got up saturday morning and i was i was actually in a bad mood because it was one of the last days
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of my vacation and i thought you know i'm i'm only going to cpac because we're in so much trouble
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you know i'm on vacation 10 years ago i would have said no i can't speak i'm on vacation i'm going on my
00:25:51.900
vacation and i was really kind of pissed off that i had to do it and not because of anything else but
00:25:57.520
because of the lies that are being spread everywhere everywhere uh and if you didn't see
00:26:06.700
the uh epic historic takedown of the left uh from cpac on saturday you might want to check that out
00:26:15.000
uh we'll uh we'll tweet out a link uh for you it was uh it was a whirlwind about an hour long and uh
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i don't know how you argue with it i mean one person was tweeting all the way through somebody from
00:26:27.400
the left and they're like oh glenn beck's coming up he doesn't have an education what is he gonna
00:26:31.620
blah blah blah blah blah uh and and then she's like he just said this that can't be true he just said
00:26:38.960
this that can't be true he just produced this document does anybody know about this document
00:26:44.560
uh he just brought this up on stage i don't can somebody check the veracity of what they're saying
00:26:50.400
here uh i'm losing connection to the internet i might not be able to post more it was it was fantastic
00:26:56.060
it was just fantastic uh and a uh a privilege to be with the cpac crowd uh on uh saturday and the
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president spoke last night we'll cover that here coming up in just a minute also uh our uh our good
00:27:09.860
friend jason whitlock is going to be joining us uh from his studio in just a uh just a few minutes i
00:27:15.340
think he has a few things uh to say as well uh what we all need to do today is go on to twitter or
00:27:23.600
facebook or whatever service you have and uh hashtag cuba freedom cuba freedom uh this is the best
00:27:38.240
story coming out of cuba i think in a very long time and because america joe biden's like dirt you know
00:27:47.640
what they're they're they're protesting because of covid virus that's not what they're doing is
00:27:52.000
they're protesting against no they're not listen to what they're shouting in the streets listen to
00:27:56.980
i don't understand they check another crowd what are they saying
00:28:16.720
i think they're saying maybe a leotard leotard is that what they're saying leotard
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uh i don't know why they're they're chanting it's not lee it's not leotard oh it's spanish for
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freedom huh well who would have guessed that so these our government is describing them as
00:28:44.920
anti-government no i don't think they are uh you know who's anti-government uh antifa they're
00:28:51.000
anti-government they want to abolish all government okay they're anti-government uh i think the people
00:28:58.020
in cuba are anti-communist fascistic totalitarian government i think that's the difference they're
00:29:06.040
not saying give me liberty with no government no they're not saying that they're saying hey
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government's out of control how about we get rid of the dictators that's what they're saying
00:29:16.820
no more communism hey the socialized healthcare system not really working out for us i think that's
00:29:24.840
what they're saying and america's voice should be very clear to the cuban people we support you
00:29:36.680
we are fighting what you fought for the last few decades we are fighting the beginnings of it here
00:29:46.580
we support you we need your support as well there are people who are raising their hands in the air
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all over the world screaming for liberty and freedom
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you know unfortunately i think so many americans have forgotten
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to people overseas i was in the i was in the mall last week
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yeah it's apparently they still exist uh i went to the mall uh last week had to pick something up and
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i'm in the i'm i'm walking through a store and this woman comes racing up to me and she's like
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me oh my gosh i love me anyway uh she says you're going back and i said yes ma'am i am she had a heavy accent
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she said the same thing that everyone from behind the iron curtain or every cuban
00:31:15.540
or every venezuelan has said to me in the last 15 years
00:31:25.940
don't you guys realize there's no place to go after this
00:31:46.520
top officials of the democratic socialists of america
00:31:55.080
the uh the chairperson of the national political committee of the dsa
00:32:00.420
now see you know what's weird is the dsa was like no we want sweden
00:32:07.220
talking to the prime minister of sweden who's like by the way we're not a socialist country
00:49:03.380
and could you just this could you set them
1.00
00:51:21.920
always go together uh you can you can have book
0.99
00:51:25.660
smarts and be dumb as a box of rocks um we all we
0.99
00:51:30.440
all know people who are who are like that um that
1.00
00:51:34.180
are are brilliant but couldn't work their way out
00:51:37.000
of a paper bag if they were left on their own but
0.99
00:51:39.980
brilliant um we know people who are really dumb
0.96
00:51:43.500
book wise but are very very wise you you they
0.89
00:51:58.160
absolutely gone common sense is gone and they're
00:52:01.720
relying everything on book smarts and they're not
00:52:05.620
even learning the book smarts that we used to have to
00:52:09.420
learn they they they're not learning how to think
00:52:13.140
they're reading books now done by other eggheads
0.51
00:52:16.760
that are interpreting everything for them instead of
00:52:20.460
saying I want you to read these original documents and
00:52:23.120
then you tell me what you think they mean they don't
00:52:26.280
read the original documents they go to a book that is
00:52:29.040
already interpreting whatever the original document
00:52:31.840
is well that's not the same that's not the same as
00:52:35.460
actual learning there's a book that they totally avoid as
00:52:42.360
well Glenn and it's the greatest book ever written
00:52:45.140
and it's called the bible and it is filled with thousands
00:52:50.700
of years of collective wisdom and if you avoid that book
00:52:57.500
you're setting yourself up in my view for failure and
00:53:02.180
you're setting yourself up to believe that you and we are
00:53:08.120
the smartest people that we are actually in control of this
00:53:14.160
have created this or running this it a lack of biblical knowledge
00:53:20.340
undermines your humility and a lack of humility sets man up for
00:53:27.640
self-destruction and that's what I see coming from the left there is
00:53:31.800
something else and it it comes from I think living in big big cities
00:53:36.600
and living um around nature's just awesome awesome beauty
00:53:45.320
I was driving through the mountains uh last week or two weeks ago
00:53:49.460
so I'm driving through I see I don't remember where I was but they had
00:53:53.580
the geological uh timeline on the sides of these cliffs so as you're going down
00:53:58.960
it was like 3 000 years ago you know uh 150 million years ago
00:54:05.400
and they showed the depth of of all the crap that had been put on top
00:54:10.620
you know over time and I thought how many how many civilizations
0.75
00:54:15.200
have there been that have been completely wiped out that we have
00:54:19.540
no record of none I mean we're so arrogant to think that the
00:54:24.980
the uh the earth won't cleanse itself I mean look at the mountains if you look
00:54:32.020
at mountains you have to understand many of those were thrust up can you
00:54:36.580
imagine what the Richter scale would have been saying
00:54:40.360
on a day a mountain came thrusting up out of the ground
00:54:44.480
these things we have barely an understanding of and we are so arrogant because
00:54:51.320
many of us live in cities where you don't see the stars anymore
00:54:56.580
there is something about being outside sitting around a fire quietly with a bunch of people
00:55:03.180
you know you're joking laughing whatever and then comes the time of night where it's all kind
00:55:08.260
of winding down and you're sitting outside around the fire and you look up and you're like
00:55:12.820
I mean what do you think it's really all about that humility is gone because we don't see the majesty
00:55:19.500
of how small and insignificant we are Glenn I I had a friend that I went to high school with
00:55:27.760
and to college with he became a fireman uh he's an avid hunter he helped me understand
00:55:37.080
exactly what you're talking about he explained to me why he loves to hunt and I think there's a lot of
00:55:44.640
us that are non-hunters that we don't understand the process of hunting going out into the woods being
00:55:52.860
one with nature sitting still for hours waiting for something to happen and he helped me understand that
00:56:03.040
his his his understanding of the world sitting out in the woods for two or three days at a time
00:56:09.760
the majesty and the magic of what God created you can only really feel that if you're outdoors if you're
00:56:19.680
still and quiet and observant for hours at a time it helped me understand his experience because I'm
00:56:28.940
I'm not a hunter I'm not either there's no access to a refrigerator and then you got to drag that thing
00:56:34.220
out to the car and you're like I I mean I've done all the work sitting out here can somebody else drag
00:56:39.780
this thing back to be cut up into meat oh but if you sit out there yeah and just sit still and observe
00:56:46.940
God's magic and his genius will reveal itself that's what this friend helped me understand
00:56:54.460
and and it's I think you're right in terms of what separates a lot of common folk from the elitist who
00:57:04.900
never get out in the woods it's just that experience we're talking to Jason Whitlock
00:57:10.900
Blaze TV host he just started his uh show last week Fearless with Jason Whitlock you can watch it on
00:57:18.120
Blaze TV Blaze.com slash Fearless also uh YouTube he's coming out with a
00:57:24.340
new article on Kamala Harris and uh the lack of access to photocopiers uh that is going on
00:57:31.220
apparently I didn't know it was such a pandemic but apparently it is uh he's coming out with that
00:57:35.760
article today and you can watch his show on Blaze TV one last question for you Jason um which is worse
00:57:43.120
a ever decreasing mental uh mentally capable president or Kamala Harris
0.90
00:57:51.580
I I I would have to go with Joe Biden and just because Joe Biden's cognitive problems
00:58:05.940
empower Kamala Harris and if we had a fully functioning president in the prime with his full uh cognitive
1.00
00:58:17.580
abilities she would be the typical she wouldn't right now she's Dick Cheney if if if she if Joe
1.00
00:58:25.760
Biden actually was fully engaged and capable she would be Joe Biden during the Obama presidency
00:58:32.920
really irrelevant she if she were president of the United States I think she might be irrelevant
00:58:38.660
because she's so unlikable so unlikable uh and uh and it's pretty much universal I mean I don't even
00:58:47.500
know if her husband likes her and I I don't know him but I'm just I'm speculating just a little just a
00:58:53.020
little I can't go that far yeah okay I can't all right well I would imagine well you have to be her
00:58:58.440
husband you have to like her to put up with the cackle yeah anybody else would just be like come on
0.99
00:59:03.880
stop that Jason Whitlock thank you so much Jason I appreciate it god bless thank you Glenn you bet
00:59:11.760
now I remember the good old days of grilling you know the days when you'd you'd fill up that grill
00:59:18.840
with enough charcoal that you you had to take out yourself and get from the freight train down there
00:59:24.500
and you'd get yourself a case of black lung in the process and you'd go with a lighter fluid and
00:59:30.620
you'd strike a match and your eyebrows would burn off that's when steaks were good
00:59:35.960
hey grandpa I don't think so yeah sure we miss the good old days of charcoal and uh lighter fluid
00:59:44.900
uh you know except for those parts where we don't miss it at all I have a rec tech and it will change
00:59:51.360
your grilling experience I mean especially if you're going from charcoal rec tech is amazing it is sleek
00:59:57.200
it's sturdy it's made from beautiful stainless steel it is like you're like you're barbecuing
01:00:02.420
on a 56 Buick this thing is really heavy and made right and it has smart grill technology and ensures
01:00:10.360
your food is cooked to perfection every single time don't take my word for it check them out yourself
01:00:15.540
go to rec tech.com r-e-c-t-e-q.com rec tech.com or you can follow them on social media and just ask the
01:00:25.260
people who have them what do you really think about this honestly glenbeck says they're great what
01:00:30.260
I mean what does he know he never went to college
01:00:40.740
so it's great to uh great to be at cpac this weekend great to have him in the great state of
01:00:55.760
texas um you know for one reason I don't I don't know if anybody knows this but uh the guy who started
01:01:01.440
the republican party in texas racist he was black what he was that can't be was he digging for
01:01:10.880
charcoal is that what happened he fell into the he fell into the train boxcar with all of the no he
0.60
01:01:17.080
was actually black I don't know how it happened in fact the first 42 black legislators elected to
01:01:24.800
office in texas were republicans 99 the first 99 in alabama the first 127 in louisiana black
01:01:34.620
republicans the first 41 to serve in georgia black republicans first 112 in mississippi black
01:01:42.820
republicans first 190 in south carolina how could they have done that this country was so
01:01:49.760
unbelievably racist well well did you know that our navy the u.s navy sent uh a squadron
01:02:02.740
of ships to patrol the western course uh coast of africa what yes to prevent anyone from taking
01:02:13.060
slaves out of africa from 1819 to 1861 stopping hundreds of ships we were protected wait a minute
01:02:26.520
our government sent for that long sent ships off of the coast of africa to stop people from the from
1.00
01:02:34.440
taking slaves from africa how come I don't know that part of american history how come I was never taught
01:02:38.920
that that seems kind of like an important part of history well they were just they hated black
01:02:46.740
people so much they wanted to keep them away from america I guess I is that it I guess must be
01:02:52.500
wow of the 193 nations in the world today 94 of the 193 nations on the globe today 94 have still not
01:03:07.040
abolished slavery maybe we should send some of our ships over by the way they were only uh pulled off of
01:03:15.880
the coast of africa because we needed those ships for the civil war you know to fight against slavery
01:03:32.960
i have a spider in my backyard uh that i'm terrified of terrified of okay uh i've named him i think he i
01:03:45.100
think he has a hat that he'll tip in the morning and be like hey how you doing uh smoking a cigar huge
01:03:51.160
spider like australian like the planter's peanut guy does he have a monocle uh no no monocle he has
01:03:58.580
eight monocles thus not being a monocle anymore but uh he is i mean it is it's terrifying it's
01:04:06.060
terrifying i mean my daughter came in you know and she was like dad there's a giant spider not a giant
01:04:12.520
spider it's a i mean it is straight off the plane from australia have you switched to just a
01:04:20.700
containment philosophy yet like you're just like just like they can have that section of the
01:04:27.120
now that would be racist if i will build a wall oh yeah that's true but if i built four walls
01:04:34.840
in a box pattern you know what walls don't work though i've heard that before from well they
01:04:40.820
wouldn't with a spider i think they can have sticky feet and they can just walk up the side of the wall
0.98
01:04:45.800
i need somebody to come kill the spider because it's freaking me out freaking me out i gotta i get
01:04:52.220
my wife to do it this is the glenn back program american financing nmls 182334 www.nmlsconsumeraccess.org
01:05:03.460
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savings between 300 and 500 a month that's almost 20 percent say they're saving more than 500 a month
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that's a lot of money for a lot of people are you one of them yet how come boy wait until i get into
01:05:25.460
we have art laffer coming up i want to ask him about reverse repo loans it's this weird thing i think
01:05:31.700
that this is the biggest heist anyway uh that's coming up in a few minutes uh make sure that the
01:05:38.900
big banks are not the only ones that are getting the money make sure that you are not overpaying on
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01:06:11.280
over to blaze tv.com slash glenn the promo code is glenn and save 10 bucks off your subscription to
01:06:18.240
this is the glenn beck program standing in firm support of the cuban people and their uh their
01:06:33.800
unrest standing peacefully see this is what a peaceful protest looks like i don't know if
01:06:39.380
i don't know if our government knows that but these are peaceful people standing up in the middle of
01:06:44.860
streets uh just chanting i don't know what was it uh it was leotards or something like
01:06:51.740
some people say they're they're saying freedom in another language but what language do they speak
01:07:05.800
other than american i mean hello um so it's a peaceful protest at this point it's probably not going to
01:07:13.360
remain so seeing that the uh dictator of cuba has uh called on revolutionary forces to uh make sure
01:07:20.560
you shun those people oh okay that sounds like a good good plan almost not quite as good but almost
01:07:27.600
as good as um as biden uh going door to door uh knocking on doors uh even if you have a no solicitors
01:07:36.720
uh sign doesn't matter they can come in and they're going to knock on your door have you had a vaccine yet
01:07:42.960
nope close the door nope haven't you know why already had it yep had a bad case of it still have
01:07:51.500
the antibodies yeah i've checked i've checked it's crazy huh i'm gonna let my body work this one out
01:08:00.960
slam that's why it's gonna go up my house uh i don't know how it's gonna go over at your house
01:08:13.740
no uh so i think that's a really really good idea and uh the cnn medical analysts uh dr lena
01:08:24.780
uh when said that uh life needs to be hard for americans who have not received a coronavirus vaccine
01:08:33.080
with twice weekly testings wow life needs to be hard uh dr when i love that when when would that
01:08:42.600
start let's see what we could do with your anyway uh she said that it should be hard i don't know what
01:08:48.060
that means how can the government possibly make our life hard if we don't comply boy that sounds
01:08:54.940
kind of chinese doesn't it doesn't that doesn't sound like a little cuban chinese maybe former
01:09:00.540
soviet union gulag kind of spooky 1984 stuff hey they won't comply let's make their life miserable
0.90
01:09:07.080
well i don't have any idea how they could possibly uh do that oh by the way i i want to make sure i get
01:09:15.760
to the new bill in congress it is the protecting your credit score act of 2021 it's gonna be great
01:09:25.680
gonna be great elizabeth warren is just pushing this one through uh you know it's part of the
01:09:31.560
consumer financial protection bureau that she created under barack obama and finally finally you
0.86
01:09:38.220
know we're gonna make sure that our credit is exactly right we're gonna get rid of like equifax what is
01:09:43.420
that you even trust that that's hardly working huh get rid of that and put it into the hands of the
01:09:50.140
federal government oh by the way uh chase has purchased the esg startup in case you don't know what esg is
01:10:00.120
that's uh environmental social as in justice and governance uh so esg scores if you don't have the
01:10:09.340
right number of people uh you know that are black or asian or women or or men who used to be whatever
01:10:16.320
uh if you don't have the right number on your board you're going to get a low g score if you aren't
01:10:24.240
pushing crt and other social justice things you're going to have a low s score and of course if you do
01:10:31.480
anything to hurt the environment you'll have a low e score e s g so remember this is something that is
01:10:41.040
a conspiracy theory just a conspiracy theory it's not real of course um and blackstone is buying this
01:10:50.000
esg company uh to help them go a little deeper down into the ninth level of hell chase bank which has
01:10:59.600
openly supported esg and whose ceo is a big time supporter of the world economic forum's stakeholder
01:11:06.500
capitalism model announced it will buy the prominent esg startup company called open invest
01:11:14.280
now what's great about this is it just helps people invest in in the esg movement i mean don't you want
01:11:24.980
to invest your dollars into something that has a higher esg score that we know they're working for
01:11:30.880
all of us they're not part of those bad companies that aren't working for social justice now that is
01:11:38.620
coming for your credit score i mean for the credit score of the corporations in in europe they're way
01:11:45.900
ahead of us and you can't do business with another company that has a lower esg score than you
01:11:51.960
you know it's like that black mirror uh thing did you see that black mirror episode where the lady was
0.99
01:11:58.240
just trying to rent a car and she was like oh my credit score it was perfect until yesterday yeah it's
01:12:03.020
kind of like that but definitely not like that and definitely not like china's uh score for for social
01:12:10.700
activity um this is entirely different now they have said that they're only doing this they're not going
01:12:20.580
to enforce these things this is just for people so they can invest and they can invest with more
01:12:26.300
knowledge hmm that's weird because that's not the plan at all in the paperwork i mean when you when
01:12:33.580
you go to the world economic forum that's not what they say at all when you go to the paris climate
01:12:39.480
accords that's not what it says at all it says the banks will stop making loans to companies that have a
01:12:48.040
low esg score so now chase do you have your money in chase oh don't worry it's safe those are good
01:12:54.220
people there no seriously i wouldn't even think about it um so chase bank is buying this esg firm
01:13:01.620
and they're gonna put that in there to help uh retail users create portfolios that accurately reflect
01:13:10.080
the investors values so in other words will i be okay if i just invest in a company that has
01:13:17.000
a zero e a zero s and a zero g could i do that because that would help me with my investment oh nike
01:13:25.740
don't invest in that one is it really for me or oh no i get an esg score too oh so what i use my money
01:13:35.900
for also and then if we do it like they're doing it in europe then then the banks won't give me a loan
01:13:45.520
because i have a low esg score anyway i have no idea what this happened has to do with the good news
01:13:53.380
that uh the federal government has has has a new protecting your credit score act of 2021
01:13:59.920
uh they say it's long been coming that we've needed a reform for our credit reporting system
01:14:06.300
uh they say it's about you know making sure that poor people get money no it's not no it's not
01:14:12.260
this is all about controlling you controlling how everyone gets money if they control your credit
01:14:21.300
score by the way if you have a problem and something's on your credit score you know your
01:14:25.840
credit rating and it's hurting you don't worry about it call the government they're gonna fix
01:14:29.960
that right away for you it'll be fantastic or you can just get online oh you know what there's
01:14:35.760
something else that's happening do we have klaus schwab uh he's the guy uh you know that is the head
01:14:42.700
of the world economic forum we like to go right to the source on what they're planning on the great
01:14:48.080
reset here's here's uh klaus on the internet listen to this masks are not sufficient mask we need vaccines
01:14:57.040
to immunize ourselves the same is true for cyber attacks here too we have to move from simple protection to
01:15:07.280
immunization we need to build it infrastructures that have digital antibodies built in inherently to protect
01:15:18.800
themselves ah so we need to vaccinate the internet i'm gonna let you ponder that for a couple of minutes
01:15:26.800
then i'm going to tell you exactly what that means first let me tell you about our sponsor this f i
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travel skip hang on let me do this right pandemic related travel scams i don't know it sounds more
01:15:48.060
official when there's a little bit of echo on it uh things like fake airline tickets and
01:15:52.500
accommodations booked online places where you expose personal information a lot of times there's a
01:15:59.100
cyber criminal on the other end of that line don't trust the unfamiliar site when you are booking your
01:16:03.680
travels beware of the deals that seem too good to be true because it probably is sorry i don't know
01:16:11.860
why i'm suddenly talking like joe biden but i am it's important to understand how cyber crime and
01:16:16.980
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01:16:21.340
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or lifelock.com promo code beck you're listening to the glennbeck program
01:17:03.180
this is the glennbeck program so klaus schwab klaus rouse klaus whatever he is um uh he wants
01:17:18.640
to immunize the internet now this is a big deal it's coming from the head of the world economic
01:17:25.020
forum and if you heard build back better that is the world economics forum slogan uh before joe biden
01:17:32.700
had it yeah believe it or not ripped it off huh or was given it uh as we build back better meaning
01:17:39.380
we've destroyed the world now let's build it back closer to our heart's desire and that looks more
01:17:46.000
like china immunizing the internet what does that even mean well it would be a digital identification
01:17:54.460
system for everyone on the internet using biometrics this is not a hypothesis this is something that is
01:18:02.580
already happening in fact let me give you something from the thales group these are uh big supporters
01:18:07.840
of of this uh the united nations and world bank initiatives aim to provide everyone on the planet
01:18:15.100
with a legal identity by 2030 at the id 2020 summit in may 2016 new york the un initiated discussions
01:18:23.440
around digital identity blockchain cryptographic technologies and its benefits for the underprivileged
01:18:30.380
400 experts uh shared best practices and ideas how to provide universal identity to everyone
01:18:37.960
so that is great soon after id 2020 alliance was created based in new york the ngo's main participants
01:18:46.020
accenture microsoft gavi the vaccine alliance the rockefeller foundation and ideo.org
01:18:56.720
oh well that doesn't sound bad at all so all they want is biometrics and what they're going to
01:19:05.540
provide now i know there's a lot of places in the country well kamala said it best a lot of places in
01:19:11.680
the country that just don't have access to xerox machines for voter id you know what i'm saying
01:19:16.560
is agreeing to voter id one of those compromises that you'd support i don't think that we should
01:19:23.540
underestimate what that could mean because in some people's mind that means well you're going to have
01:19:33.500
to um xerox or or or photocopy your id to send it in to prove you are who you are well there are a
01:19:42.360
whole lot of people especially people who live in rural communities who don't there's no kinkos
0.99
01:19:46.360
there's no office max near them people have to understand that when we're talking about voter id
01:19:51.420
what happens i mean that's why we need a new universal id that's biometric that can verify
01:19:58.160
you whenever and this will help vaccinate the internet so we will have complete transparency
01:20:04.740
and we'll know who people are that way we'll always know exactly what they're doing what they're
01:20:11.780
spending where they're spending how they're spending how they're spending their time we'll
01:20:16.480
be able to get a much better look at everyone on earth this is what's this is what's really in play
01:20:26.200
by the way uh last week and i love this um the uh tech giant uh facebook
01:20:35.120
is issuing warnings about extremist content now usa today printed this story last week like it was a
01:20:43.540
good thing this is good they're what they're doing see what they're doing is uh they're just warning
01:20:49.440
people hey yeah might be getting some you know extremist content and then the algorithm looks at
01:20:56.600
what else you're looking at and if you're looking at a lot of extremist uh information well then the
01:21:03.300
algorithm will start pushing stories to combat those stories that you're looking for uh you're
01:21:11.300
already doing this this is something that we said google was looking to do uh about a year ago we
01:21:16.860
warned you that this algorithm was being built by google apparently facebook uh also built it this is
01:21:24.800
going into your facebook and it's looking at who you listen to who you read what you read and then
01:21:32.540
altering your feed to be able to combat things that facebook decides is extremist
01:21:39.580
i got news for you i'm an extremist you're an extremist we're all extremists uh so you're our
0.67
01:21:47.360
you're already flagged man uh you know just let me borrow a blanket from time to time when we're in
01:21:54.020
the gulag will you just once in a while god because i can't just use my own i'm enormous i'll lose weight
01:22:00.300
there though that'd be good this is what is coming and it is already here in some cases we need our
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courts to stand up for the constitution a judge in texas denied a u.s citizen her constitutionally
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doubled down this is a woman judge by the way judge andrea thompson she ordered the muslim woman who
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is seeking a divorce from her husband to undergo the arbitration not through the regular channels but
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through an islamic court uh yeah that doesn't sound like a good idea and since when since when
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really excited to talk to a dear friend of mine art laffer about the economy he is he knows what's
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going on and he also knows how to fix it i like him because he's not gloom and doom he makes me feel
01:26:02.920
better you know i'm like we're all dead by thursday art and he's like we have till saturday what are you
01:26:07.720
talking about uh he is the father of supply side economics he was president reagan's economic policy
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uh advisory board for both terms he advised prime minister margaret thatcher during the uh 80s uh
01:26:23.540
he has taken i think it's argentina and completely turned it around he and a team went down there when
01:26:30.040
they were having hyperinflation and completely turned it around and he was awarded the presidential
01:26:34.820
medal of freedom yeah got that from donald trump but look what i have i have a box of hostess twinkie
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cereal and that's good for a whole week where you're wearing your medal after you leave the oval
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office huh art these last a week baby art laffer joins us in 60 seconds can't eat the medal can't
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okay button up your shirt sarah and let's continue please act professional my gosh it's a hall of
01:28:52.500
fame show and art laffer is with us now i'm sure he's excited about that all right how are you my
01:28:59.080
frank i am very well glenn it's so nice hearing your voice i mean it's a ray of sunshine and you're
01:29:05.320
as funny as ever i love it love it love it thank you my goodness gracious by the way we'll make it
01:29:10.300
not only through saturday we'll probably make it a week from wednesday shut up really see you're always
01:29:16.420
the optimist i am you know me art i've been uh you know worried about this economy and you've told
01:29:23.080
me for years glenn it's more robust than you think and it has shocked me art how how resilient this
01:29:31.720
economy uh has been over the last 20 years we have taken every punch the world can throw at us
01:29:39.200
and politicians and it's still standing it's getting a little wobbly but it's still standing
01:29:45.600
yeah i mean the the pandemic really did hit the economy uh and the politicians reaction to that
01:29:51.920
pandemic made it a lot lot worse so uh um you know but we are still standing and we are showing
01:29:58.040
some resiliency right now okay so talk to me about a couple of things first of all you don't think that
01:30:05.240
inflation is going to be a problem but you carve out certain things like you know beef or or uh i can't
01:30:15.320
remember what they are um you carved out a couple of things and said we're going to have a problem
01:30:19.600
we're going to have a problem with inflation housing prices and wages yeah housing prices and
01:30:25.820
wages you know they they don't fall back down after they go up uh so once they go up they they they don't
01:30:31.960
fall back now gasoline prices as you know go up and they go down and agricultural prices do as well
01:30:37.400
uh you know as far as i can tell glenn and and this is just me and it's it's worth it's worth what
01:30:45.180
you're paying for which is very little uh i'm not paying anything so wow i know neither is the
01:30:49.880
listener this is great don't listen to this guy he's crazy he'll do anything for free i do do
01:30:58.620
something for free i mean it's really worth it by the way you know when something's free it's really
01:31:03.660
expensive yeah it is now the quickie here is just way the way i look at inflation and now this is
01:31:11.160
inflation not a step up in prices at one time shot or something like that is if interest rates
01:31:16.880
go way way up that's a clear sign that the markets are expecting more inflation interest rates have not
01:31:23.120
gone way way up in fact they haven't gone up at all uh there's no sign in interest rates uh over the
01:31:28.760
next 10 years uh that there's going to be any inflation the price of gold normally when inflation
01:31:34.320
comes gold is the first refuge of the cautious you would expect gold prices to shoot way up in
01:31:39.620
inflation like they did in the 1970s they have not gone way up in fact they've settled back around
01:31:45.120
eighteen hundred dollars an ounce something like that uh and uh you know that's not a sign of it
01:31:50.040
and the other thing and the last one i i look at is the dollar in the foreign exchanges and when a
01:31:55.340
currency is really weak or devalues uh generally speaking that's followed by very high inflation
01:32:00.580
and we have not devalued in fact the dollar is relatively strong right now so those are the things i
01:32:06.260
look at now all my friends tell me that their companies uh that raw material prices are way up
01:32:11.960
and this that and the other and there's no question that there's been a huge surge in things like lumber
01:32:16.260
prices and others but i don't see a long-run rate of inflation yet but that doesn't mean that i'm not
01:32:22.900
watching it really how can we print as much money as we have and dump it into the system let me just say
01:32:31.420
that we aren't printing the money what the fed has done is it's bought five trillion dollars worth of
01:32:38.580
government debt which yields about 50 basis points in exchange for that five trillion dollars worth of
01:32:45.580
government debt which it bought it has issued five trillion dollars of liabilities to member banks
01:32:51.460
also paying 50 per 50 uh 50 basis points uh per year interest on that so they've borrowed five
01:32:59.600
trillion yielding 50 basis points and they've lent five trillion uh paying 50 basis points to me i don't
01:33:06.740
see how that causes inflation now what we have done is we've removed all constraints on inflation once it
01:33:14.300
starts if it starts but that by itself won't cause inflation this is not the old days glenn when we
01:33:20.600
devalued the dollar against other currencies or went off the gold standard or all of that when we had the
01:33:25.440
huge hyperinflation this is a very different monetary system today and i'm very worried about
01:33:31.420
inflation but i don't see it yet okay so tell me about the new modern monetary theory that is being
01:33:39.420
kicked around uh that you know we can just print because it's always a value yeah well let me say that
01:33:46.780
there's a little hint of truth in what they say uh and there's a big mistake in what they say as well
01:33:51.900
now we have historically way overestimated the damage done by deficits and national debt
01:33:58.820
uh you know we've always looked at national debt relative to gdp which is totally inappropriate
01:34:04.360
our our national debt to gdp today is about 115 it's gone way up and oh my god they're all jumping
01:34:11.540
across what you have to do with debt is you have to look at debt compared to wealth or you have to look
01:34:17.200
a debt service compared to gdp but you should never compare debt to gdp or or any of these others
01:34:24.340
you should never mix a balance sheet item with an income statement item if you look at our debt
01:34:29.560
service to gdp we're about the same level we were in 1980 i mean in fact we're a little below that
01:34:35.040
if you look at debt to wealth it's gone up uh but not so much so that you want to jump out the window
01:34:40.520
and kill yourself so we have overstated debt now to say that we've overstated means that we don't
0.83
01:34:47.240
have any worry about debt that's silly debt is a problem it's just not nearly the size of the
0.99
01:34:53.360
problem we thought it was back let's say 20 30 years ago okay so wait a minute you have to tell me
01:34:58.220
what's changed and then also art by the way how much time do you have with us because i have for you
01:35:03.760
what you name it okay so if um what has changed then let's just start there what's changed from
01:35:09.660
20 30 years ago well we were comparing debt to gdp and you know when you look at debt to gdp
01:35:15.940
the debt is a balance sheet item and gdp is an income statement item and you can't do that
01:35:21.020
you've got to compare balance sheet items with balance sheet items or income statement items
01:35:25.280
with income statement items but not mix the two okay wait wait wait wait wait wait just talk to me
01:35:30.700
like a homeowner okay if i buy if i if i have an income of a hundred thousand dollars and i've bought
01:35:38.460
a four million dollar house um you know you could say don't compare the two but i only have a hundred
01:35:46.280
thousand to pay for it and let's say i got it at a zero percent or a two percent interest rate if at
01:35:53.300
some point if i have an adjustable mortgage which we do there's no way in hell i'll ever be able
01:36:00.640
to afford that ever just because of interest rates let me if i can take your example make it a
01:36:06.180
little simpler if i could all right if you're buying a house so what what is that what does
01:36:10.000
the bank ask you on when you apply for the loan how much is the work how much is the house worth
01:36:15.200
in the market and what is the size of your mortgage that's a debt to asset comparison i won't lend any
01:36:23.420
more than 75 percent of the market value of your house to you in a mortgage that's one criterion
01:36:29.020
they use the second criterion they use is can you afford this with your income what is your income
01:36:35.200
versus the debt service requirements you have to get for this house if you're making fifty thousand
01:36:40.900
dollars a year and your debt service is forty nine thousand you're probably in trouble if your income
01:36:46.620
is a hundred thousand your debt service is five thousand you're probably okay uh so you know they
01:36:51.700
look at how much your house is worth in your mortgage and how much your income is versus how much
01:36:56.860
you'll have to pay in debt service but the federal government's income is already this year is going
01:37:02.120
to be three trillion dollars in the hole we are our income is not matching uh what we're spending
01:37:10.480
but the three trillion isn't is the deficit and it's also the level of debt now when you look at the
01:37:16.860
debt just the debt to this year let's say we increase our debt by five trillion dollars
01:37:22.440
uh and we're paying half a percent on that debt that's you know what is that that's 50 50 billion
01:37:29.700
60 billion a year i mean you know it it's not the interest payments that are killing our government
01:37:36.500
nobody but if if interest rates do go up to eight percent it'd be crippling then we're in trouble
01:37:43.820
but that's true of any time when interest rates are low don't you borrow more than you do when interest
01:37:48.460
rates are high sure except i don't know how to pay the i don't know how to i mean when the interest
01:37:55.760
rate if i have an adjustable mortgage i do keep it in mind that this is an unbelievably low rate that
01:38:02.180
can't last forever can i pay for it for a long long time i mean you go back to 2008 when benny
01:38:08.600
bernanke was head of the fed and you know they lowered interest rates to near zero and it's been at zero now
01:38:13.960
since 2008 glenn i mean you know for 13 straight years we've had interest rates way below where they
01:38:20.760
should be long term now this is not the only time it's ever happened and i'm not saying it's smart
01:38:25.860
to borrow and i don't think it's smart for the u.s to run deficits like we do i don't but i'm also not
01:38:31.660
ready to jump off the cliff uh we've had periods like from 1941 to 1950 it's 1960 i think 1955 something
01:38:41.460
we had the accord where interest rates were effectively zero as well uh you know we've
01:38:46.700
had this type of period before okay now it scares me and it scares me a lot but it's not the death
01:38:53.060
shot yet okay so let me talk about some other things let me take a one minute break and then
01:38:57.620
come back we're talking to art laffer uh art laffer who is probably the smartest guy uh he and his team
01:39:06.400
to fix economies uh out there he's of course going to be august 2nd through the 7th at yuck yucks
01:39:12.820
uh it's not how that works and uh and then uh sold out shows uh september through september 5th at
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milk through your nose in provo utah uh we'll be back with art here in just a second
01:39:26.520
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01:40:40.520
we're with uh art laffer um art tell me about what's happened there's some fundamental things that are
01:41:01.280
changing in america and i know that there have been brains a lot smarter than mine that have
01:41:07.740
wondered what happens when we transition to a a country where property is something that you rent
01:41:15.160
not something that you own and when you start to pay people for doing nothing how is this all going
01:41:22.600
to work we are now seeing how at least one part of this is working uh and not well we have people that
01:41:30.680
won't work because the government is paying them to stay at home uh and we haven't even seen the
01:41:38.420
effects of what that does psychologically to a society um what we're seeing now is people can't
01:41:44.180
get anybody to go in and work and so places are closing down or or things are making you know that
01:41:49.680
kind of atmosphere makes the things we're all trying to buy even more precious and more expensive
01:41:54.400
because there's nobody there to make them you're precise this is the real problem i mean i would
01:42:00.820
worry about this far more than i would about debt or debt service at present uh when you tax people who
01:42:07.180
work and you pay people who don't work do not be surprised if a lot of people choose not to work
01:42:14.500
and every answer this administration does and other administrations too it's not just this one
01:42:20.160
governments in general love to pay people not to work because they think they get to get votes from
01:42:25.540
and that is exactly what we've gone through this huge expenditures uh on these uh stimulus packages
01:42:32.880
they say have all been directly aimed at creating a marketplace where people do not want to work
01:42:39.200
and that goods become scarce and that those prices go up but it's a disaster to both income earners
01:42:46.180
and to people who don't work because once they're out of a job for a while glenn they learn that they
01:42:52.060
lose the skills to do the jobs and then they become unemployable and that's a terrible terrible burden
01:42:58.240
for our society to have to bear so art how i mean there's there's obviously this is coming from the
01:43:04.960
administration we're we're moving towards a marxist kind of world um what what's it going to take to
0.91
01:43:13.280
repair this damage politics i mean the only answer is people basically deserve the governments they get
01:43:20.280
uh and you know you elect the government and you deserve whatever you get in your place and as long
01:43:26.380
as we don't do the politics correctly as long as we don't elect the right people as long as we don't
01:43:31.000
have the right laws put in place uh and the right courts uh we're going to have this problem and it we've
01:43:36.300
seen it happen many countries times before i mean it was ibn khaldun who said at the beginning of
01:43:41.620
dynasties tax rates are low and revenues are high and at the end of dynasties and their collapse
01:43:46.660
tax rates are high and revenues are low and this is a pattern that's been followed historically
01:43:52.160
and unfortunately it looks like the u.s is in that death spiral as well we've got to change it and
01:43:58.180
change it through politics the the things that donald trump did i am not for um i i'm not for tariffs
01:44:07.660
at all um however however his tariff and i told him personally his tariff on china i think was
01:44:15.880
absolutely right they are an enemy of the united states and we have given them way too much access
01:44:23.140
and power and control over not only uh our medicine and and many of our goods our chips but also
01:44:31.420
our land as well how how how does china see the united states right now well you know i was the
01:44:40.020
first american to go to china in modern times i went in 1970 with george schultz and john ehrlichman
01:44:45.400
in air force too when we had the first rough person when we did the pre-kissinger trip and you know
01:44:50.740
try at that time was ripe for coming into the world community and what we have to do glenn is balance the
01:44:57.320
good and the bad with china politically you're totally correct and there's no reason why we
1.00
01:45:02.800
shouldn't use tariffs and quotas and other sorts of trade measures to bring uh to bring recalcitrant
01:45:09.440
nations back into line but do remember for china please without china there is no walmart
0.99
01:45:16.820
and without walmart there is no middle class or lower class prosperity china should be our best
01:45:23.180
trading partner in the world and we should have all the precautions set in place on trade to make
01:45:29.220
sure that the critical materials uh with regard to china aren't traded and thereby cost the u.s
01:45:35.240
politically and militarily so how do we how do we balance the how do we balance we've got only a
01:45:40.700
minute i don't know if you can even answer this how do we balance the idea that uh nike and others
01:45:47.000
are looking at that market and so they'll just go with that market because they want that market more
01:45:52.420
than this market uh they'd like both but they got to serve that master how do we stop that well i
01:46:00.560
don't think we have to worry about nike selling shoes in china i really don't and i don't think we have
01:46:05.520
a problem with chinese producing shoes that are much more much cheaper and much better quality than
1.00
01:46:10.620
ours i mean we had we do some things far better than china and they do some things far better than
01:46:15.520
we do we and they would be foolish in the extreme glenn if we didn't sell them those products we make
01:46:21.040
better than they do in exchange for those products they make better than we do so long as those
01:46:25.880
products don't harm us politically and militarily okay uh more with art laffer if you can stay art i
01:46:31.520
want to talk to you a little bit about your experience in foreign countries and what you have seen uh from
01:46:37.880
marxist countries and and how you've turned them around more with art laffer
01:46:42.680
this is the glenn back program do you have any idea what it takes to make a great candy bar
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that's what i say to my wife all the time woman do you have any idea she hits me well i because i don't
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i don't have any idea uh i'm assuming it takes a fair amount of witchcraft um and and that i think
01:47:08.340
is evidence by built bar i don't know how they make a built bar that has like 120 calories
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01:47:24.940
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all right it's blaze tv.com slash glenn the promo code is glenn you can save 10 bucks off your
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subscription to blaze tv we have more with art laffer coming up next
01:48:09.960
art laffer not as funny as his name implies however uh much happier than me when it comes
01:48:25.820
to the economy art laffer uh i think one of the best economists uh in the world uh in our lifetime
01:48:33.900
welcome back to the program art thank you glenn i love being on the show with you by the way i
01:48:39.220
missed you a lot i know i missed you too well you're too happy you know
01:48:43.060
i've got six kids 13 grandchildren and four great-grandchildren can you believe that do you
01:48:50.860
really i do i mean how can you not be happy when i know i know when you get the grandchildren into great
01:48:56.940
oh it's wonderful you know why grandchildren and grandparents get along so well why they have a
01:49:02.460
common enemy and great-grandchildren must be great because you don't really you're not really even
01:49:10.980
expected to learn their names you know what i mean you're not expected to ever see them
01:49:15.760
wonderful okay so uh um art i want to just cover a few things quickly but let me sweep up on china
01:49:25.560
china uh china is building things making things with uyghur slaves uh we have and i'm sure you're
1.00
01:49:33.040
against doing business with that right yeah i don't like the the way they treat their citizens no
01:49:39.880
i hear okay uh and and what are the what are the ethics behind you know facebook helping them
01:49:46.800
round people up you know i don't like that either i think facebook shouldn't be messing with their
01:49:52.360
politics you know i do think one thing though glenn is that the countries you trade with the
01:49:58.240
countries you do business with countries you make money with are countries that you can persuade to
01:50:03.360
change their policies uh not force them to but you can persuade them to change their policies and i
01:50:09.540
always am in favor of more trade with a country rather than less and especially when they don't see
01:50:15.100
the world the same way i do i'd much rather talk with them than i would fight with them
01:50:19.880
i would rather do that but i'd rather not be complicit with them and i think that's what's
01:50:26.300
complicit i mean ibm and the holocaust well no those people are yeah that there you got it i mean
01:50:32.500
there are explicit things in what you said about facebook and all that but when you're looking at a
01:50:37.420
country you sit down and talk with them and all that sort of stuff and try to get them to see the
01:50:42.140
errors of their ways rather than trying to hit them with a club you know whenever whenever you fight
01:50:46.900
with someone you always lose you may not lose as much as the guy you beat up but you always lose
01:50:52.460
it's far better to work with them and try to get to get china to see the error of their ways with regard
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01:50:58.240
to the uyghurs and with regard to a lot else do remember that it wasn't long ago glenn i mean 1970 i
01:51:04.360
made my first trip to china uh and that one before they opened up anything they were much worse back
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01:51:10.440
then than they are now i mean they're far more free market capitalists than they were back then
01:51:14.720
they've got a long way to go but goodness gracious if we don't trade when if we don't do business with
01:51:20.580
them we'll never be able to interact with them and get them to change their ways are you that's my
01:51:25.280
view are you concerned with the talk from the president and others um very much like the world
01:51:30.740
economic forum of this new stakeholder capitalism that uh is going around and that china is the new
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01:51:39.040
model for capitalism that's not capitalism that they're doing over there no it's not but you know
01:51:45.140
they weren't doing capitalism pre-1970 either they were as bad as any country in the world with respect
01:51:51.100
to the government they were a hermit kingdom just like north korea was back then they've come a long
01:51:56.400
way but they have a long way to still go i mean we have got to get them back onto a democratic type of
01:52:02.140
government where they don't pick on groups in their society i mean remember when they put the baby
01:52:06.920
girls out in the riverbanks to die i mean you know all that stopped i mean we've made great progress
01:52:12.680
on lots of things with china i just don't want to see us stop that progress okay no i but i would not
01:52:18.740
trade weapons with them and i would not allow them to have those islands in the coast that they're
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01:52:22.780
building and i would really resist their military expansion and i would resist it by looking at the
01:52:28.820
assets they have in this country to use those as leverage exactly right um um so the last question
01:52:35.340
here is where do you draw the line last question on china at least where do you draw the line on
01:52:41.140
um what is you know of national importance national uh defense you know them having us not being able
01:52:50.740
to create any of our own stuff uh when it comes to medicine or making ppes or is that national security
01:52:59.700
where where is that line on i think the line comes with the government of the united states not with
01:53:06.040
the government of china and if you had a low rate broad-based flat tax with no exceptions no exemptions
01:53:12.740
no deductions no exclusions period sound money and free trade we would have the table set for the u.s
01:53:19.100
to perform immensely well and that's where i put it the u.s government messes around with our
01:53:25.700
companies our products ourselves within our own country i know and that's just awful and to think
01:53:31.540
that we could then trust them to do a good job internationally doing it i don't think so i would
01:53:37.240
just like to see the government pull out of all this production stuff have a low rate broad-based flat
01:53:41.860
tax and just get the hell out of business and let us go and do our stuff um are we approaching a john
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01:53:48.180
galt uh i am yeah i mean there's but you and i have always been approaching john galt right what
01:53:57.120
could i tell you yeah i mean i just with everything that is coming uh you could see people who are just
01:54:02.900
like i'm not doing it i'm not doing i'm not playing your game i'm not doing it but there's no place to
01:54:08.000
go optimism let me just do the highest marginal income tax rate in 1945 was 94 percent yeah today it's
01:54:15.840
37 that's a big improvement in 19 when kennedy came into office the corporate rate was 52 percent
01:54:21.600
it's now 21 percent uh you look at how many states are right to work states versus in 1957 when there
01:54:28.720
were only two now it's well over 50 percent uh way 40 for 40 states now have gotten rid of their state
01:54:34.840
death tax uh we and now have all sorts of competitive positions in 1973 it cost you 30 cents to buy and sell
01:54:43.640
a share of stock now it's zero we have big control of airlines of trucking we've made a lot of progress
01:54:49.900
in addition to a lot of backstepping too so this country is by no means a loser yet we have to change
01:54:57.080
it now politically and it's very tough but you know we've got to keep pressing for advances now
01:55:02.120
the president signed something the other day executive order that i was very involved with trump on
01:55:07.880
on on medical price transparency that's a game changer if it works we can get to know what the
01:55:14.380
prices are in hospitals what the quality is of the procedures and you can shop there just like you do a
01:55:19.480
grocery store that would change our country dramatically so it's not all negative glenn there are a lot of
01:55:26.500
negative things i point to and it gets me depressed but i wake up then the next morning and think of all
01:55:31.740
the blessings we've had in my 80 plus years on this earth and it's amazing how far we've come
01:55:37.480
and we've got a long way to go so tell me is because i just was in the i was in a mall over
01:55:44.320
the weekend or last few days and uh believe it or not art they still exist uh and uh this woman from
01:55:51.600
poland approached me and she said oh my gosh you're glenn beck thank you for speaking out nobody understands
01:55:57.120
look at what's happening to the country there's no place to run can you explain what it was like
01:56:02.040
when you went to argentina and it had just been ravaged well there were two of them i did very
01:56:08.940
closely in south america one was chile the first ones eduardo fray had lost the presidency to uh
01:56:14.580
salvador allende allende nationalized all the businesses within the first five weeks
01:56:19.640
and then pinochet came in and we reformed the whole country and those reforms are still in place
01:56:25.620
through left-wing governments right-wing governments they have not changed those i was down there with
01:56:29.800
menem in argentina with my students rocky fernandez and pedro poe and uh carlos rodriguez and domingo
01:56:36.540
cavallo all that group there we really reformed argentina it really came back strongly and then bang it
01:56:44.160
went to lopez murphy and all these guys brought in the communist governments again and now they've lost
01:56:48.980
it all again so i was hoping we would get cuba but unfortunately my mentor my hero jorge
01:56:55.600
mas canosa uh died before castro did and we never got to change cuba but we we did a lot with
01:57:02.360
uh puerto rico i mean i was down there with uh uh with with uh the governor there i mean it was just
01:57:08.120
phenomenal the changes we made they don't last forever glenn but they do give you sunshine for
01:57:13.960
a week or two yeah and i i wanted you to speak because the the the president said over the weekend
01:57:20.240
or the white house said over the weekend that the people in cuba are just protesting against uh you
01:57:25.860
know the covid lockdown and the lack of of vaccines in cuba that's not what they're doing i mean that
01:57:31.940
may be the straw that broke the camel's back but they were all shouting for freedom and liberty um that's
01:57:37.220
what they were protesting they want to change and they want to be free um you've gone down tell me
01:57:43.960
what what its life is like at the end for the for the average person what is like life like um at at
01:57:53.140
the at that bottom and then how fast can you turn it around well let me just say that if you've seen
01:57:58.660
the pictures on cuba the documentaries and all that stuff and they're mixed intermingled with all sorts of
01:58:03.360
things like cigar making or animal life or something but you can see the streets and it's just terrible
01:58:08.120
i mean you know whenever you see a palm tree in an environment subtract 10 from what you think
01:58:13.860
you're seeing because palm trees make you think it's luxurious it's not it's horrible and cuba if
01:58:18.900
it were to be able to be changed and i did the revolutionary change there uh which never was
01:58:24.780
materialized but we could put cuba back on the earth on a rocket ship like you wouldn't believe
01:58:30.920
in pro-democracy uh pro-prosperity i mean it is the one place there's no capitalist more capitalistic
01:58:37.500
than a former communist yeah i know and it's really true and cuba is just seething for the
01:58:44.320
opportunity to break free and become a member of the world look at china's growth rates since 1970
01:58:50.940
they've been growing at an average annual rate glenn of about eight percent per annum
01:58:55.560
i mean you know they're still way behind us but my god they've provided so much for their citizens
01:59:00.960
the biggest reduction in poverty on earth has occurred in china because of their coming back out of
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01:59:06.960
into the mainstream of the world are they an example of uh fascism which is you know the
01:59:14.040
corporate world and a government kind of merging and working together are they a fascistic country
01:59:20.940
that has worked well it has worked so far in the economy i mean the government doesn't do much at the
01:59:26.100
very local level in the economy they really keep their hands off that the tax rates are lower trade has
01:59:31.660
been freer they have sound money they outsource their money to alan greenspan at first now they have a
01:59:36.940
great currency that works so they've done all of this stuff to create economic prosperity now they
01:59:42.660
have to create political prosperity as well and that's a lot tougher but you know we did it in 1776
01:59:48.900
we just celebrated a few weeks ago and there's no reason why china cannot come around and see the
01:59:55.240
light if luke the drifter can see the light so can china art laffer reference by the way in frisco
02:00:01.680
you're running out of frisco texas you got new luke drifter is uh art always great to talk to you
02:00:07.940
thank you so much thanks for your positivity i appreciate it don't make so long don't make it so
02:00:12.260
long till the next time you got it thanks art bye-bye don't you feel better after talking to him
02:00:18.560
yeah i just like him i do too i just like him he's optimistic and you know i mean i don't think i
02:00:24.500
think he's you know on the bridge of the titanic one no ice what no ice enjoy yourself i mean
02:00:31.660
anyway uh relief factor if you're listening to this program and you're not a person living with pain
02:00:40.060
i want you to imagine something for a minute in your mind's eye put on the darkest sunglasses you can
02:00:47.120
imagine and then walk around in the world that way for a while all the color and the shapes are there
02:00:53.840
but they're different it's dull and it's flat it's uninteresting and even sad at times that's a
02:01:00.020
glimpse of what it's like living in constant pain all the time you walk around and you can't appreciate
02:01:06.000
anything really because you're constantly pulled into the pain well may i suggest relief factor if you
02:01:15.540
are one of those people pulled into the pain come see the light with relief factor works for about
02:01:22.000
70 percent of the people they say don't take it more than three weeks if it's not working because
02:01:27.180
in three weeks you should know it's working or it's not going to work so if it's if it's showing
02:01:32.420
any sign of anything make sure you order more uh but 70 percent of the people they see a good turn
02:01:41.700
they see coming out of the darkness and into the light 70 percent of the people go on to order more
02:01:47.940
month after month why because relief factor works if you are in pain just try it please 800-500-8384
02:01:57.500
800-500-8384 it's relieffactor.com 888-727-BECK this is the glenbeck program
02:02:09.540
this is the glenbeck program uh art laffer was uh with us if you missed it make sure you check
02:02:17.100
him out on the podcast he's always great uh very optimistic uh i think delusional uh you know in
02:02:23.960
some things in the very nicest way in the nicest way possible uh i mean yeah he's an expert but i'm
02:02:30.200
a doctor and a colonel right and a priest and a rabbi i mean not a rabbi a reverend so i'm all of
02:02:37.140
those all those things i'm all of those things so you know you can listen art if you want he the
02:02:42.020
one because i i agree with a lot of the stuff that he was talking about and i i think one of the things
02:02:47.400
i would wonder if there's a difference on now is i think the new regime in china is actually
02:02:55.820
considerably different than you know their their new coke coke classic i agree with art on like you
02:03:02.060
know that the way china was running itself new coke though with president g as opposed to you know
02:03:07.080
who or whoever else you who you would have to take into consideration what they did uh with
02:03:13.780
tiananmen square i mean i think that they were very strategic the chinese are very strategic and
02:03:18.960
they have a long-term plan and they saw that they were getting their lunch eaten and they needed some
02:03:24.860
sort of capitalism and they played the game uh for a long time now uh if people got out of hand
02:03:32.320
they were going to take care of it and they did and then they went back to putting on their happy
02:03:35.940
face yeah i could go either way on the reasoning behind it the motivation whether they were just
02:03:41.420
there certainly were always people who were waiting and biding their time um it could be that they
02:03:45.420
really were open for a while and have changed with new leadership yeah that's that's common i mean
02:03:49.920
when you have when you have people that are running companies that just suddenly disappear yeah and
02:03:53.980
they're well known around the world this wasn't yeah this was new this is a new thing over the past
02:03:59.020
few years not entirely new but it is happening a lot more uh regularly the weaker thing is was a lot
02:04:05.980
more like back in the day a lot of this stuff happened all the time and there was a period where
02:04:09.800
this didn't occur as much and when the the world welcomed china more openly and now they seem like
02:04:17.380
they're going back into these these same darker darker paths that they did earlier it's weird because
02:04:22.080
these companies are so um diametrically opposed to themselves like facebook it's acting like a
02:04:28.200
libertarian company that you know i don't care i'll do business with anybody and sure you know
02:04:32.280
whatever but they have no morals and they're not libertarian because they're doing it here as well
02:04:37.400
they are it's this weird thing they want to be free to do what they want but they will allow control
02:04:45.400
through them with any government you know it's really a weird it's it's libertarianism
02:04:52.620
without any kind of common sense judgment or decency really go do business with china
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02:05:00.160
unless they're enslaving the people or you're helping them enslave them
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