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
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
00:13:14.400
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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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
00:18:04.360
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
00:18:18.080
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
00:19:03.400
going to be gunned down in those geological enclaves that they all work in how often do you get in one
00:19:12.260
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
00:19:34.180
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
00:19:51.460
breaking rocks or just killing people probably killing people can you can you i don't even know
00:19:56.080
what a geological hammer looks like uh and this this can lead to the i'm still quoting lead to the death
00:20:03.760
of black individuals entirely because of racial profiling and an unjustified fear of black people
00:20:10.700
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
00:20:33.060
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
00:20:54.960
is bombed uh it is over smiling that white people do white niceness in the face of racism is a form of
00:21:01.840
plantation relationships uh so you know if you're if you're smiling it doesn't mean that anti-blackness
00:21:09.140
isn't simmering just below the surface and there was there was uh one added last night from insect
00:21:18.000
experts insect experts now say they are concerned that the gypsy moth is offensive to certain people
00:21:31.400
i don't know who those certain people are probably black people with hammers i don't know who those
00:21:36.900
certain people are but uh those certain people might be offended by the gypsy moth and i don't know how
00:21:45.760
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
00:21:55.740
oh see what you miss in a week in a week the world can change i mean is it possible we can get
00:22:11.800
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
00:22:22.340
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
00:23:09.160
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
00:24:24.720
offices at the uh american uh journey experience in the history vault we brought a bunch of the cpac
00:24:31.300
people over and we showed them uh the vault and matt was there and and blown away um people don't have
00:24:37.700
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
00:25:21.760
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
00:25:27.920
i don't know maybe i should bring some of this stuff and he's like oh that'd be great
00:25:32.020
i got up saturday morning and i was i was actually in a bad mood because it was one of the last days
00:25:38.640
of my vacation and i thought you know i'm i'm only going to cpac because we're in so much trouble
00:25:45.820
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
00:26:23.840
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
00:27:03.480
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
00:28:25.660
uh i don't know why they're they're chanting it's not lee it's not leotard oh it's spanish for
00:28:35.400
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
00:29:10.840
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
00:29:57.640
all over the world screaming for liberty and freedom
00:30:27.820
you know unfortunately i think so many americans have forgotten
00:30:34.600
to people overseas i was in the i was in the mall last week
00:30:38.520
yeah it's apparently they still exist uh i went to the mall uh last week had to pick something up and
00:30:45.700
i'm in the i'm i'm walking through a store and this woman comes racing up to me and she's like
00:30:58.240
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
00:31:08.540
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
00:51:21.920
always go together uh you can you can have book
00:51:25.660
smarts and be dumb as a box of rocks um we all we
00:51:30.440
all know people who are who are like that um that
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
00:51:39.980
brilliant um we know people who are really dumb
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
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
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
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
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
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
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
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
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
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
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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
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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
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
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
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
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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
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
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
01:22:09.400
courts to stand up for the constitution a judge in texas denied a u.s citizen her constitutionally
01:22:18.100
protected due process rights choosing instead to order for her to appear before an islamic tribunal
01:22:26.880
where her testimony will be considered inferior her lawyer sounded the alarm and the judge has
01:22:34.160
doubled down this is a woman judge by the way judge andrea thompson she ordered the muslim woman who
01:22:41.220
is seeking a divorce from her husband to undergo the arbitration not through the regular channels but
01:22:46.400
through an islamic court uh yeah that doesn't sound like a good idea and since when since when
01:22:55.500
does our court acquiesce to a religious court for something like a divorce
01:23:04.640
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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
01:25:56.260
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
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
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
01:39:21.000
milk through your nose in provo utah uh we'll be back with art here in just a second
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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
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
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
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
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
01:47:14.820
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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
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
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
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
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
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
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
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
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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
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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
02:05:00.160
unless they're enslaving the people or you're helping them enslave them