The World Is Feeding America： Thanks, Biden ｜ Guest： Carol Roth ｜ 5⧸23⧸22
Episode Stats
Length
2 hours and 3 minutes
Words per Minute
152.97697
Summary
On this episode of Glenn Beck's new show, the World Economic Forum and Davos, the Davos crowd is getting ready for food shortages, and President Biden has arranged for an airlift of baby food so the world can feed America for the first time in history.
Transcript
00:00:00.000
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00:01:40.880
What you are about to hear is the fusion of entertainment and enlightenment.
00:02:16.260
President Biden has arranged for an airlift of baby food.
00:02:33.880
But don't worry, I think things are going on the, they're all definitely on the right track.
00:02:42.060
Also, the World Economic Forum and Davos crowd, they're all meeting this week, deciding our future, which I just love.
00:02:57.300
Food shortages are coming at the World Economic Forum.
00:03:01.100
They said it'll begin in the next 10 weeks, which is, you know, wonderful.
00:03:07.920
And, by the way, if I mentioned that Monkeypox is here, I'm freaked out about Monkeypox.
00:03:15.180
I don't even, I don't even know what it is, but I can't now.
00:03:22.680
Uh, I can't go, I can't go have just promiscuous sex with anyone without worrying about Monkeypox.
00:03:34.360
Well, maybe I should get online and order some food, some extra food storage.
00:03:39.560
Because when Monkeypox hits, and when the food shortages start, and Switzerland will not let us airlift any of their food.
00:03:53.920
So, may I suggest, you go to preparewithglenn.com.
00:03:59.480
I don't think we're gonna have the food shortages of the rest of the world, which millions literally will starve to death.
00:04:08.020
Um, I don't think we're gonna have those kinds of food shortages.
00:04:11.120
But, hey, with diesel, you know, headed towards $10 a gallon, those trucks are just gonna be pouring in to your local supermarket.
00:04:27.500
Uh, the food kits ship fast and, uh, and free, and arrive at your door in unmarked boxes.
00:04:47.740
Well, I think you do, and I, it's important for me to say that to you.
00:05:05.760
You know, when the, with the heightened security measures.
00:05:09.620
And all of the people who are controlling our lives.
00:05:19.140
I could see myself now at a chateau just ship, uh, sipping champagne with, with somebody with
00:05:30.500
There's never been any bad things that have happened in European ski towns.
00:05:39.800
So, the World Economic Forum, according to the New York Times, there's a news story out
00:05:45.960
Uh, uh, uh, the small ski town of Davos, high in the Swiss, the Swiss Alps, uh, has heightened
00:05:53.380
security measures in place during the annual meeting of the World Economic Forum.
00:05:58.260
Today, everything that Davos stands for, globalization, liberalism, free market, capitalism, representative
00:06:09.280
Now, they're about to make another case, but I would just like to point out here, globalization,
00:06:13.580
globalization, liberalism, free market, capitalism, and representative democracy, yeah, they are
00:06:19.780
all under assault by the people who are there now in Davos speaking for the past half century.
00:06:28.240
Klaus Schwab, a patrician founder of the World Economic Forum, has extolled the virtues of
00:06:35.340
an interconnected world, one where the free flow of goods, services, people, and ideas would
00:06:43.580
It was an idealistic vision that endured in spite of global unrest, and it found adherence
00:06:50.660
in the corridors of power from Palo Alto, California, to Washington, D.C., and from Brussels
00:06:58.700
The past two years, however, have fundamentally challenged the viability of that aspirational
00:07:09.420
Have the last two years really made anyone, anyone that's not already a Marxist or, you know,
00:07:19.360
somebody in Washington, question the viability of elected representatives, the free market, capitalism?
00:07:29.700
Are you, am I living in a different, because I'm not questioning any of those things?
00:07:41.000
I mean, they would say, hey, we have to baby lift, or airlift baby formula here.
00:07:53.920
We've elected a whole bunch of, you know, imbeciles, idiots, or criminals.
00:08:00.100
Because we have tons of, we could import European baby formula very easily if we had a shortage
00:08:05.060
The problem, of course, is that it's not labeled correctly.
00:08:07.820
So the labeling process, that we can't allow kids to have formula that went through the
00:08:13.680
European safety process, but didn't go through ours.
00:08:24.120
And by the way, there's not a baby food shortage in Mexico, just right across the border.
00:08:34.420
Um, anyway, the coronavirus pandemic prompted a wave of isolationist foreign policy moves
00:08:42.340
Now, are we being isolationist by saying, you know, we should produce our own crap here.
00:08:51.020
We should be able to make rubber gloves for surgery.
00:08:54.700
We should be able to make our own steel, our own cars.
00:09:03.200
I don't think that's an isolationist, but it revealed the fragility of supply chains and
00:09:11.160
left China largely walled off from the rest of the world.
00:09:14.700
Russia's invasion of Ukraine has brought land wars to Europe and stoked fears of a broader
00:09:20.760
Even before the pandemic and the war, autocratic rules were on the rise in the globe and internal
00:09:26.860
divisions were straining superpowers like the United States.
00:09:30.720
Now, as Mr. Schwab prepares to preside over the first meeting of the World Economic Forum
00:09:36.040
in Davos since the pandemic began, he confronts a world that looks very unlike the one he's
00:09:41.500
been trying to conjure into being for more than 50 years.
00:09:45.260
So the World Economic Forum and Klaus Schwab are actually failing, according to the New
00:09:57.380
I can't help but think, Glenn, and you're making a sad face, but I can't help but think
00:10:05.020
You've written a book that's been critical of his efforts and has drawn attention to his
00:10:13.080
See, that's the interesting thing about this article from the New York Times.
00:10:16.920
They present Klaus Schwab as somebody who is a globalist but believes in capitalism and
00:10:27.780
Klaus Schwab's, his whole idea is the Great Reset to replace shareholders capitalism with
00:10:35.500
something wrongly titled stakeholder capitalism.
00:10:41.140
If you take away all private ownership, for example, is that capitalism?
00:10:48.560
Is there any way to have capitalism without private ownership?
00:10:52.000
Well, no, you have private ownership, but you have a partner in that private ownership,
00:11:03.440
It's a partnership where you're working with the best people in Washington, the biggest brains,
00:11:08.820
the people who really know what's going on, like they're right on top of things.
00:11:13.240
Like if you're a baby food corporation, by the way, this is insane.
00:11:27.220
Now, it's coming apart with the people who are informed, and it is Republicans, independents
00:11:37.620
Do you remember over a year ago, I told you about a bank that called and said, we would
00:11:48.320
Well, let me just show you here a snapshot of something that has just been introduced by
00:11:56.480
It is, it's a beautiful, it's a really, really, truly beautiful snapshot of an iPhone with
00:12:06.920
the Bank of America logo on it that says, your personal ESG score.
00:12:20.480
Wait, I thought that was just, though, that was just, that was just going to happen with
00:12:28.300
They're not going to have a personal credit score or anything.
00:12:36.880
Yeah, it's now being advertised by Bank of America.
00:12:40.480
And there is a disturbing, something I think disturbing from one of our politicians.
00:12:48.720
He is actually from Texas, and I've spoken to him about ESG and the Great Reset, and he
00:12:59.920
has been very dismissive of it, which really bothered me at the time.
00:13:05.820
But I thought, well, he didn't know anything about it, et cetera, et cetera.
00:13:09.780
Well, Dan Crenshaw turns out to be one of the guys that Klaus Schwab has been talking about.
00:13:17.160
Remember when Klaus said that, you know, what's so great is we have all of these young apprentice
00:13:26.520
And so I go up to see Justin Trudeau, and they're, you know, they're all in his cabinet.
00:13:37.440
In 2018, he worked as one of their, you know, I don't know, scholar students or whatever,
00:13:45.120
and could learn everything from the World Economic Forum, which makes this conversation
00:13:51.280
that he had June a year ago on conversations at the mansion with Rick Wilson, listen to
00:14:08.760
And where is it going over the next four to six years?
00:14:14.160
There are a lot of subjects that touch the Great Reset, or at least the philosophy of the
00:14:23.960
You know, I think we're obsessing over it on the right a little bit.
00:14:28.620
And look, I have been to the website, and I saw, okay, this is why people are saying
00:14:44.140
I think when you call it the Great Reset, it sort of indicates that there's like a secret,
00:15:03.400
But just like, you know, we sound a little crazy when we start talking about some sort
00:15:14.060
Nobody's talking about it being a secret cabal.
00:15:17.000
And you would think if he were one of the selected people to, you know, I don't exactly
00:15:24.180
know what Klaus Schwab does with these politicians.
00:15:27.500
But when you're selected, as he was in 2018, and you're selected by the organization that
00:15:34.660
has it, you would think you would learn to, or you would want to look into it.
00:15:39.080
You know, you hear something like that, you'd want to do your homework on it.
00:15:43.360
And I'm going to send him a copy of my book, The Great Reset, so he can finally look into
00:15:50.820
But it's kind of a weird flex to brag about not looking into something.
00:16:00.860
Look, I think, I don't know, to maybe defend him a little bit.
00:16:05.020
Like, it seems like there is, and you've talked about this, there is a part of the Great Reset
00:16:15.100
That is a bunch of conspiracy theorists, and they are saying things that aren't true.
00:16:19.720
And that was part of your, the point of your book was to separate those two things.
00:16:24.440
There is an actual Great Reset that is, they, it's not secret.
00:16:29.760
They, in fact, it's so not secret, they continually brag about it and how wonderful it is.
00:16:38.800
They think it's the greatest solution, and they think this is the right time.
00:16:42.680
Because we're building back better from, from COVID specifically.
00:16:46.040
So, like, they are, they are advertising this, they want people to know how wonderful it
00:16:51.400
And it's only recently when you looked at, you know, the details of this plan, which is
00:16:58.060
It is not, you know, implanting, you know, you know, chips in everybody's brain from satellites.
00:17:05.720
It's just a very detailed alternative form of what they are calling capitalism, but doesn't
00:17:14.180
And it's what the New York Times is saying, the opposite that Klaus Schwab is failing at.
00:17:31.040
He's pushing for something, as Stu said, doesn't look at all like capitalism.
00:17:35.500
So, they're pushing that he is failing, except what they're saying is winning is the Great
00:17:50.200
If you have children, you are probably painfully aware that summer break is right around the
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And now your kids are going to get some time off from learning about critical race theory
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Summer can be a real learning opportunity for them if you give them the right stuff to
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Your kids aren't being taught the right skills, the right mindset, or the right work ethic
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Give them the opportunities to solve problems, to succeed and fail in the real world.
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So, by the way, Madison Cawthorn is attempting to establish a dark MAGA.
00:19:45.280
I don't even know what that, I don't know what that is, dark MAGA.
00:19:55.100
I really, and I made this, I made this offer last week to him.
00:20:00.000
I'd love to have him come on now because now he can actually talk about the, you know,
00:20:05.520
the players, uh, that, you know, obviously threw him under the bus because he told about
00:20:10.780
the, the, um, you know, orgy that he was invited to.
00:20:18.200
That, isn't that what you would, isn't that what you would?
00:20:20.580
I think voters just decided to pick somebody else's is what it seemed like.
00:20:24.900
No, they threw him under the bus because he revealed.
00:20:29.220
I will say, I don't know, revealed or accused, but they did not like being necessarily accused
00:20:35.480
I'd like to hear if they were accused or if they were revealed.
00:20:39.500
Because I mean, I, you know, that people made, as a Congress person, you have maybe different
00:20:46.280
And, you know, we would mock, you know, Washington DC and maybe throw out a comment like that.
00:20:52.740
You probably shouldn't do that when you're actually there.
00:20:55.320
If you're, if you're just, if you're not going to back it up, if it's not real, right?
00:21:00.100
Like I don't have any evidence there are orgies, but I might make fun of, of, of
00:21:06.200
It's doing having ugly, weird, uh, eyes wide shut type parties.
00:21:13.620
Was he just sort of like joking and saying how incestuous the place is or was he making
00:21:23.860
Uh, by the way, Stacey Abrams, she's doing well, uh, in her race to reclaim the, the
00:21:30.880
Uh, so she's, yeah, she's doing really, she, um, on the campaign trail said that Georgia
00:21:38.880
So not usually what you say to get everybody excited, but that's the way the Democrats do
00:21:45.300
You know, Hey, I want to be the president of the worst, crappiest country on earth.
00:21:51.020
The most racist, homophobic, transphobic place on earth.
00:22:02.060
Uh, apparently she's, she can, she hasn't conceded the 2018.
00:22:07.700
Um, she, uh, she is also facing some, uh, some headwinds and so is Senator Warnock.
00:22:15.980
Uh, they're apparently not as popular in the worst state in the nation, uh, as they would
00:22:25.900
And they're saying that it's, you know, they've got a, the Democrats have a message, a messaging
00:22:30.940
And I, I don't think they, I think they have a, a reality problem.
00:22:35.520
They're not living in it and they're not seeing it.
00:22:39.480
That's the real problem with the Democrats back in.
00:22:43.900
Oh, by the way, Bill de Blasio, he says he's going to run for Congress too.
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Uh, I am, uh, I'm proud to, uh, announce that, uh, Park City Fine Art is still carrying my
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Uh, who would have thought that a year ago, huh?
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Um, and I'm going to have a, uh, another art show this year's, uh, collection.
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Exactly the time when my house is going to be finished.
00:25:21.300
At what point do you give up this, this, you know, this radio thing and just do the art?
00:25:26.840
Cause I mean, Hunter Biden has shown this is a career and I think if he can do it.
00:25:31.260
I don't think he, I think he's done with it now.
00:25:40.700
Cause it almost seems like it had nothing to do with art the entire time.
00:25:47.220
People might say, Hey, no, your whole life, life's work.
00:25:56.360
I mean, no one's saying you're, you're no Hunter Biden.
00:26:03.200
So did you happen to see Bill Maher, uh, over the weekend on his real time.
00:26:15.940
I mean, it's all true and great, but it's crazy.
00:26:27.040
He just got resigned, which was honestly in this world, a surprise that he did wind up
00:26:39.420
And he is saying things that you're not allowed to say.
00:26:45.820
And his audience a year ago, it was a smattering of applause when he would say things.
00:26:52.220
Do I, I don't know what to, and the people's heads would explode.
00:26:56.620
Uh, now he's, uh, he's getting the kind of applause he used to for saying crazy, you know, socialist
00:27:05.580
Listen to what he said about the, the trans situation.
00:27:09.980
Yes, part of the rise in LGBT numbers is from people feeling free enough to tell it to a pollster.
00:27:25.600
Remember, the prime directive of every teen is anything to shock and challenge the squares
00:27:37.560
If you attend a small dinner party of typically very liberal upper income Angelenos, it is
00:27:44.860
not uncommon to hear parents who each have a trans kid having a conversation about that.
00:27:50.380
What are the odds of that happening in Youngstown, Ohio?
00:27:54.540
If this spike in trans children is all natural, why is it regional?
00:28:00.260
Either Ohio is shaming them or California is creating them.
00:28:14.680
And he says, you know, for people who were born before 1946, trans was less than 1%.
00:28:33.440
10.5% of millennials and 20.8% of Generation Z.
00:28:46.960
He said, if we keep going, we'll all be gay or trans by 2054.
00:28:58.480
I don't know if you saw last week, there was a teacher.
00:29:08.760
At some point, doesn't that, if that's true, then they're not trans anymore, right?
00:29:15.380
Everybody's born in the wrong body, apparently.
00:29:19.040
If you're, everyone is already, it doesn't make any sense.
00:29:22.080
Obviously, when you see numbers like this, if it were, yes, you can make the disclaimer
00:29:27.720
he made at the beginning there might be a few percent, right?
00:29:30.460
Like people who were ashamed to say something like that before or didn't want to admit it
00:29:38.960
And to that extent, like, you know, that people should be able to say what they feel.
00:29:44.620
Beyond that, though, like, this is obviously happening where people believe that it's a
00:29:54.480
The thing I see all the time is the, when you look at these polls, the number that's really
00:30:02.900
And you think, okay, well, the bisexual thing, all right, like, how do you explain that?
00:30:09.400
And what you seem to find when you dig down into these polls are people who say things
00:30:21.600
Now, they all just happened to date the opposite sex all the time.
00:30:27.260
They happen to be married to a person of the opposite gender.
00:30:37.460
I'm above that because I'm this progressive vision of utopia that I'm trying to, you know,
00:30:55.240
They're not actually going, you know, Bob, I've always thought I was in love with women,
00:31:07.620
What they're saying is I could do that if I wanted to.
00:31:15.860
I used to know this girl who who dated guys her entire life and then one day decided she
00:31:23.880
was she didn't care about gender and she got into a relationship with a woman and it lasted
00:31:32.820
And then she went on to date many other men and get married to a man and have multiple
00:31:39.340
And like now, look, I as a guy, I don't know if this is still OK to say, but like would
00:31:46.360
There's never a point where I'd be like, hey, you know, a couple of months, I'll give
00:31:51.600
And so maybe that maybe that is something different.
00:31:56.480
That is the that is the argument that is the argument that that, you know, you you're
00:32:07.800
And so and I've always thought that was a strange thing to argue that it's you're born
00:32:14.640
Aren't you like you think as a product, you'd say like, hey, I want to choose this product.
00:32:21.460
It's just you're just in this and there's nothing you can do about it.
00:32:24.440
Yet people continually do the opposite thing for multiple decades of their life.
00:32:31.720
But this particular person, like, I don't know what how do you explain that person?
00:32:41.820
Again, that whole thing that used to be, oh, I tried crazy things in college.
00:32:45.780
Has now turned into an entire category in these polls.
00:32:49.180
And like that is not what we're trying to summarize with these polls.
00:32:53.780
And I think there is a look, I think there's something to be said for for two girls getting together.
00:33:02.340
Now, listen, it's much more accepted, you know, traditionally, if you will, in culture.
00:33:16.700
But also, two women, they're going to share, they're going to share the responsibilities.
00:33:26.160
They're, you know, you got kids, you're like, ah, so tired.
00:33:35.800
There'd be no, you have two guys in a relationship.
00:33:40.520
Now, I'm just saying, not always clearly, but if you're saying cis guys decide to experiment.
00:33:59.620
You need to have authentic gay guys to make a household work is what you're saying.
00:34:07.820
Probably not good, but I mean, I just, I've had this conversation.
00:34:17.700
We don't understand women, but we'd never wear pants or leave the house ever.
00:34:31.920
She goes to visit her mom or something and I'm at home and like the entire house, it
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And then your wife will call you like every 25 minutes.
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I thought we were trying to raise responsible children.
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00:37:27.080
Remember, the protesters were blocking all the lanes of traffic on Interstate 225 when a jeep
00:37:35.640
driver approached the group from behind and drove through the group.
00:37:39.540
Everybody was running, and he decided that he was going to fire five shots, two shots hitting
00:37:46.060
the back of the jeep, two shots hitting fellow Black Lives Matter protesters.
00:37:56.320
So the prosecution was seeking six years in prison, which is significantly less than the
00:38:03.340
maximum of 16 years that he would have faced under current sentencing guidelines.
00:38:25.820
You know, I see people who are repeat offenders, and you have no criminal history.
00:38:37.240
And you shot wholly indiscriminately into a crowd of hundreds of people.
00:38:46.780
Is this from a judge, or is this his LinkedIn profile?
00:38:59.040
Days in jail, and credited for the 50 days he's already served.
00:39:16.560
You know, he's got to wait all the way until then.
00:39:36.880
Women presenters on Afghanistan's leading news channels went on the air Sunday with their
00:39:52.020
They're not supposed to, you know, be maskless.
00:39:59.460
But I've seen the pictures of some of these, and even the eyes are so telling.
00:40:13.220
Anyway, the Taliban has imposed a slew of new restrictions on civil society.
00:40:17.820
Many of these new rules focus on the reigning in on the rights of women and girls.
00:40:31.860
We would mock this and say, I don't know, it's a good idea to have a face covered on
00:40:37.480
How many news broadcasts over the past two years have you watched with their face covered?
00:40:51.200
Because they take it off as soon as the cameras go off.
00:40:54.480
Outdoors, where there's been no cases of COVID known to be passed, other than close contact
00:41:01.540
I was at a fair this weekend, and I saw a woman go on, like, the Tilt-A-Whirl with a mask
00:41:07.740
Like, you're flying around at 900 miles an hour.
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You have carnies controlling your life in a spitting metal container, and you're worried
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we all need to be doing more to protect our finances our investments our family
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we have got to do everything we can to make sure that we all together survive inflation that means making smart choices that will help you in the
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what you are about to hear is the fusion of entertainment and enlightenment
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stew just got back from uh vacation so to speak and uh he said that he had spent a lot of time
01:23:50.240
thinking about you know economic disaster which you had a blast yeah you had a blast do people do
01:23:58.640
other things on vacation we have carol roth here um she has been working on
01:24:05.040
recession stagflation depression what are we headed towards
01:24:10.620
and what do we do about it we talked to carol roth in 60 seconds
01:24:15.800
last time the tunnel twins gave away a free book from their incredible series 17 000 people just like
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you took advantage of this deal this time around i'd like to see if we can uh double that or even
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triple it because this is such an important book they're giving it away right now the tunnel twins and
01:24:36.400
their spectacular show business you know there's one thing to say you know as a kid i'm gonna i'm gonna
01:24:42.040
go out and start a lemonade stand what do you really learn about business with a lemonade stand
01:24:49.660
i mean unless you really take it seriously and you're usually too little to really take it seriously
01:24:55.620
this will help the littlest among us and honestly high school students probably some college students
01:25:04.200
could learn uh from this book as well the spectacular show business by um the tuttle twins
01:25:11.680
the tuttle twins they're these kids that decide they want to go into business for themselves
01:25:15.920
and their parents help them do it the right way we are living in a time right now where our kids
01:25:21.640
don't understand the free market and don't want to take a risk this will explain why it's worth
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taking a risk you and your kids need to read this book should be in every home you'll get it for free
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just pay for shipping tuttle twins beck.com that's tuttle twins beck.com do it now carol roth uh she is
01:25:42.600
uh she is the author of the war on small business a former recovering investment banker as she likes to
01:25:49.680
say uh more and more experts are saying that the u.s is headed towards a recession i wanted to get her
01:25:55.340
look at that today welcome carol hey glenn how are you and i'm so bummed to hear that stew spent his
01:26:02.380
vacation thinking about economic collapse you're supposed to go to the spa and do some water skiing
01:26:08.000
uh so you you know in your book the war on small business you talk about all the things that
01:26:14.980
you know the draconian things that our government did to shut businesses down uh small businesses etc
01:26:21.700
but also you know they did all of this extra spending and everything else and here we are
01:26:28.560
at the end and they were trying to avoid a recession and it looks like we're going to get one anyway
01:26:35.780
this is the key point glad i'm so glad you brought it up because not enough people are speaking about
01:26:42.760
this this was all for nothing we were told we're going to support the market by printing trillions
01:26:49.940
we're going to throw trillions into relief we're going to make all of these decisions and it's going
01:26:55.360
to help the economy well where are we we saw a historic transfer of wealth from main street to wall
01:27:02.260
street now we're seeing wall street giving those gains back we have huge amounts of inflation the
01:27:09.720
consumer's hurting and at the end of the day we're going to have an economy that if it doesn't hit
01:27:14.520
recession is certainly limping along so they did all of these things for the outcome that we're
01:27:21.060
ultimately going to have to go through anyway so it's all for naught carol i don't think people
01:27:25.600
understand what is coming yet and i don't know if you can explain it this is just my just just common
01:27:34.620
sense here looking china is so backed up what we went through when we closed our ports and and
01:27:43.640
stopped shipping things that was that was nursery school it seems compared to what we are going to
01:27:51.060
be seeing on the horizon when does this shutdown of any boats going to and from uh china what when does
01:27:59.880
that hit us well i certainly think um that it has hit us already and you know it's going to continue
01:28:08.040
to bleed into the numbers i think the big question with china is what's next for china and what's next
01:28:15.760
for the world um and that's sort of the the outside case scenario i mean there's a really bad case here
01:28:22.560
that i hopefully wouldn't want to start with it's sort of the possibility versus the probability of
01:28:28.580
some sort of a war scenario um but wait wait wait why do you say that well if you look at the unrest
01:28:38.700
that has been going on i certainly don't think that that was just you know coming out of nowhere i think
01:28:44.120
that the the chaos is intentional i think um food insecurity and the starvation of hundreds of millions
01:28:52.640
millions of people are going to end up leading to unrest and we have about a 30-day window uh you may
01:28:58.980
may or may not know that the farmers in ukraine have been planting and trying to get this wheat crop
01:29:06.260
you know yeah to to be able to come to market the problem is that the baltic sea which is where all of
01:29:13.740
the cargo containers are shipped out of is completely surrounded by the russian navy so that has to come
01:29:21.200
out by about the middle of june and if we don't that's going to send out a domino effect through
01:29:27.280
all different kinds of countries you're already seeing a little bit of that like in sri lanka
01:29:30.900
but you're going to see kenya you're going to see lebanon you're going to see chad you're going to see
01:29:37.000
nigeria you're going to see cameron you're going to see all of these places with you know huge
01:29:41.920
populations in many cases not be able to feed their population we know that that is going to lead
01:29:48.560
to unrest many of them actually have a lot of weapons so what does that mean they're likely to
01:29:53.940
do they're going to probably try and go infringe on somebody else's food supply and it's just going
01:29:58.860
to end up in the spiral or if we have you know one of the folks in nato try to get involved in this
01:30:05.920
baltic sea situation and russia doesn't go for that you know that could happen i mean there are so
01:30:11.300
many different moving parts and story in the wall street journal over the weekend is that china is
01:30:17.480
telling members of the communist party to pull everything they have investments real estate
01:30:23.800
from foreign places around the world why glenn would china be shoring up the communist party not
01:30:32.000
having exposure to assets around the world well you can connect those dots right gosh carol you i know
01:30:41.400
i mean that is that is terrifying terrifying and and that does that mean here in the united states
01:30:50.460
all of the land and everything that they own here they're they're telling their people to even here
01:30:55.880
pull it out this is the the what i read in the journal there's a piece i'll actually send it to you
01:31:01.820
because i'm sure you're going to want to take a deep dive into it um but yeah it sounds like you
01:31:07.200
because of the sanctions that happened um with the freezing of not only russia's reserves but the
01:31:12.280
confiscation of all of the oligarchs assets that they're now warning everybody now that doesn't
01:31:17.860
mean that that these folks are going to actually comply and do it and that they don't have relatives
01:31:22.720
and you know shell companies or whatnot but that just sends a signal to me as why would they not want
01:31:29.600
that exposure unless they were planning to be aggressive and worried that we might put some kind of
01:31:36.020
sanctions on them and why would we put some kind of sanctions on china the whole situation just
01:31:40.720
there is this outlier you know within some period of time that's a bad down case scenario so the um
01:31:48.760
the news that i saw this weekend is the state department now pentagon is denying it but the state
01:31:54.620
department is out of control state department said there are plans for the u.s to sink the russian baltic
01:32:02.340
fleet i mean that is absolutely an act of war if we are even just helping them uh target these things
01:32:12.180
but that seems more probable if we are looking at the world starving to death yeah i mean it may be
01:32:21.820
trading one level of war for another level of war um and i'm certainly no foreign policy expert so i'm
01:32:29.320
saying this just you know as a person reading the news not with anybody that has any special insight
01:32:33.820
but that may be what they're thinking they need to clear that path they need to get that food out
01:32:38.680
because the scope of war that they might have with russia and all the folks who are aligned against
01:32:43.720
russia and trying to starve people versus the scope that you know if all of these countries around the
01:32:49.780
world are facing starvation that may be the trade-off but hopefully you know they have about a month
01:32:54.840
you know some sort of diplomacy here would go a long way and i remember when we had a president that
01:33:00.820
was really good at that we didn't have these issues i will tell you that uh i've talked to a friend
01:33:07.140
in um someplace in africa and he said we are not being trained for war in ukraine we are being trained
01:33:17.080
to protect the governments uh in africa because they're gonna they're all gonna come down that kind
01:33:26.980
of chaos first of all that's not what our military should be doing but this kind of chaos what will that
01:33:33.380
do to us yeah unfortunately you know that's the kind of scenario because of the proximity you're not
01:33:42.000
for us but for our allies to the centers of all of these things happening um you know it seems when
01:33:48.320
we have these really big wars they all all the roads lead back to europe and europe's already in a bad
01:33:53.720
situation um and so it seems like that may be the convergence of where it is and we get dragged in
01:34:01.420
um potentially that way and we all know um that war is not a good thing for our national debt
01:34:08.420
for our economy for humanity i mean there's no good that comes out of this um but it certainly
01:34:13.880
seems like that the the powers that be that want to create chaos and want to support um you know some
01:34:20.540
sort of dislocation in the world that they're they're doing a really good job of obsessing that out right
01:34:25.900
now so i i i said on the air last week i i'm not i i would just like to uh have in the
01:34:38.340
next five years i just like to have the money that i that i currently have i don't need to make
01:34:44.220
you know i mean i would love to make for my retirement you know investment that that you
01:34:49.740
know grows but i'm so afraid and i've heard this from someone so many people they have no idea if you
01:34:57.220
leave it in the bank you lose if you leave it in the stock market you're gonna lose at least on the
01:35:03.100
short term if i'm 20 or 30 you know i leave it in the stock market but if you're my age going on 60
01:35:11.880
you're not leaving it on this in the stock market but where do you put it you know this is a
01:35:18.320
conversation that's being had um you know with everybody even the people at the you know top most
01:35:25.080
echelons of society that have all kinds of cash and really will be in a fine place don't have the
01:35:30.980
perfect idea of where to put it because of all of these risks and certainly um again this is not
01:35:37.360
financial advice but there are you know some things that you can be at least researching and thinking
01:35:42.900
about one thing that i wrote about um on the blaze site a couple weeks ago in response to a question
01:35:48.900
glenn was something that is a savings bond called i bonds i don't know if you've heard of these but this
01:35:55.260
is a government um serious savings bond that sort of combines a face value and an inflation adjusted
01:36:02.200
parameter to it and it adjusts every six months but right now it's at 9.62 percent um and that will
01:36:11.340
adjust based on inflation now the rub is um if you go online and it's i believe it's treasury direct
01:36:17.540
dot gov you have to open an account with the treasury if you want to do it online the cap is ten
01:36:22.680
thousand dollars per social security number per year um and then if you do the electron or excuse
01:36:29.480
me the paper piece which you can do through the irs i think it's a five thousand dollar cap but that's
01:36:34.680
at least you know if you don't if you have a few years because you get a penalty if i think it's
01:36:39.520
after three you have to keep it in for like at least three years and it does readjust but if you
01:36:44.100
want to have at least some inflation protection you know you can look into doing something like that
01:36:49.040
um certainly as a hedge to your portfolio as we've talked about many times having um you know
01:36:55.400
precious metals having gold and silver as a hedge particularly for that you know downside scenario i
01:37:01.540
think is really important um if you have the opportunity to invest in property and land um some
01:37:08.280
land has tax benefits it talks to a tax attorney that's an opportunity i have to tell you i i think that
01:37:14.880
uh i think most people are now starting to say how am i gonna i mean carol when let me take a quick
01:37:22.900
break and then come back and and ask you what does it mean to our economy if we hit six dollar which i
01:37:29.880
think we will this summer six dollar a gallon gasoline if we hit nine ten dollars a gallon of diesel
01:37:36.580
what does that do uh we'll be back in just a second carol was just saying about having some uh gold or
01:37:46.020
silver and i can't recommend this highly enough if you have any savings at all i don't care if it's
01:37:51.500
a hundred dollars ten dollars of that should be into something gold or silver ten percent is not
01:37:58.660
is not unreasonable especially at this time you need something that will hold its value and every day
01:38:05.900
you leave your money in the bank or in the stock market um and again this is not financial advice
01:38:12.260
i look at it as you're losing you're losing that money especially just sitting in the bank inflation
01:38:19.520
is just eating it up i would like you to uh call gold line and find out about the specials that they
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we're talking to carol roth carol if if we have six dollar a gallon gasoline for three months
01:39:12.760
i don't know how the average person makes it yeah it's um it's really tough scenario and it's tough on
01:39:20.420
an individual level and it's tough on the entire economy which has a spiraling impact because we
01:39:26.440
have a 70 percent consumer-based economy um they are assuming the fact that we are going to avoid a
01:39:34.960
recession on the back of the consumer which means that your savings are going to go down
01:39:40.840
your debt is going to go up and so they saved the economy by putting the consumer in a bad position
01:39:48.320
position and that is just completely not okay um yeah i want you to explain that say that again
01:39:55.520
because i think people really under need to understand the idea of not going into a recession
01:40:02.080
the fed is intentionally impoverishing the average american that's their that's their plan
01:40:11.180
yes it's on the back of you they are looking to the average american consumer to save them from what
01:40:20.420
they have done either way it's a bad outcome for the consumer but if you save them it's because you
01:40:25.960
have wound down your savings it's because you've increased your credit card and other debts in order
01:40:32.720
to continue to spend so they can say look we were able to save the economy so it is on your back
01:40:40.080
we are the ones that are carrying them and they are not being held accountable for all of this damage
01:40:46.540
and all of this destruction that they have done which was entirely intentional and entirely unavoidable
01:40:53.180
so i i learned this during the collapse of uh 08 that the west is not mathematically built
01:41:02.780
to um uh to tolerate a hundred to 120 a barrel for oil for very long the whole thing just all the math
01:41:13.220
just starts to fall apart um i don't know what we're paying per barrel but i know what gas is costing
01:41:20.000
and when uh when rich people are saying holy cow the average person is counting their pennies and
01:41:31.480
their nickels and their dollars and and deciding where to go how long does this last before you're
01:41:39.900
you're spending all your money just on food and gas yeah i think this is a question of the haves and
01:41:48.020
have-nots and we've talked a little bit about this before is that economists and you're the folks at the
01:41:54.120
banks when they talk about the consumer you know that's a composite that's an average that is brought up
01:42:00.480
by the very wealthy that are doing very well but for you know the the average american they're not
01:42:07.900
going to be doing well and we've already started to see this in the numbers from places like target
01:42:13.400
and walmart in the last quarter not just you know we're sitting in this quarter right now this was last
01:42:17.960
quarter people are starting to make those trade-offs the things that they absolutely need to have
01:42:24.180
versus the things that they would like to have and i think unfortunately for many americans that's going
01:42:30.060
to be the scenario for quite some time you know definitely this year probably into next year and
01:42:35.720
depending on you know what happens on a geopolitical front maybe even longer is that you're going to be
01:42:40.540
focused on the necessities the things that you need to get by and the rest of that is going to go by
01:42:47.820
the wayside the the only the bright the skinniest kid at fat camp bright spot here uh glenn is that
01:42:56.140
at least well not the that that's not in a recession plan that's actually works against us oh yeah but of
01:43:03.200
all the things that we have where there's a supply and demand and balance at least in food
01:43:07.960
we may not have choices here but at least there will be something to eat there that supply demand and
01:43:16.800
bounce around the world again as we talked about before means that there are going to be other
01:43:21.560
people who are facing the same kind of issues and they're not going to be able to eat and that
01:43:26.660
includes everybody south of our border uh and with an open border it could get very ugly very fast
01:43:34.300
carol thank you so much i appreciate it um i think the thing that really we all need to take away
01:43:39.900
is the next the next 10 weeks is crucial uh do does ukraine do the farmers get all of that food out
01:43:50.380
into the baltic sea without russia obstructing it or us going to war if they don't there is going to be
01:43:58.360
massive starvation uh in africa and all kinds of chaos so the next 10 weeks pray for the baltic to
01:44:07.740
open up so we can get that food to africa or wherever it needs in peace carol roth thank you
01:44:18.420
the glenn back program american financing nmls 182334 www.nmlsconsumeraccess.org
01:44:30.120
i don't think that improved my mood much uh i'm ready to go back on vacation if you're uh carrying a
01:44:36.580
balance on your credit cards you're trying to get out of debt now is the time to consider
01:44:40.560
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long term that is something that we all have to do please there's no obligation they're not going to
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available in stores now by glenn back go to glenn's new book.com
01:45:43.420
so last week while stew you were gone um it wasn't a good week for for the biden administration
01:45:59.020
uh a federal judge rejected uh the uh effort to pull back the covid19 restrictions on immigrants at
01:46:08.540
the border stock market is bordering on bear territory inflation continues unabated economists are now
01:46:16.700
talking about stagflation right around the corner fuel prices are rising to record levels they're now
01:46:24.040
uh i think it was it was jp morgan that came out and said six dollar a gallon gasoline nationwide
01:46:31.300
this summer democrats are expressing their pessimism about the november midterm congressional election
01:46:37.800
biden's influential friend jim clyburn is warning about the country and how it's going to explode over racism
01:46:45.140
president went to buffalo last week to offer sympathy to the families of the victims of the supermarket
01:46:52.040
shooting reportedly sparked by racism but at least one family member said he was tired of the president's
01:46:58.320
words biden now off three-day jaunt to asia to convince japan and south korea to trade more with
01:47:05.660
the u.s the department of homeland security's new disinformation governing board was paused it wasn't
01:47:13.260
killed um the obsession that this president has on reversing every decision president donald trump
01:47:20.680
ever made continued with his decision to send around 500 u.s troops to somalia trump has taken the
01:47:28.440
troops out of somalia in 2020 we don't have any national interest in somalia and it's um you know
01:47:37.240
i think it's caught well i thought it was common sense that we shouldn't be sending people into
01:47:42.440
danger unless they're it's vital to our national security interests biden's decision does nothing to
01:47:48.940
benefit our national security and makes our guys targets for terrorists he's also removing many
01:47:55.940
of trump's restrictions on relations with cuba food prices rose 9.4 the national average gasoline price
01:48:04.460
per gallon uh is continuing to rise i mentioned that uh now everything is pointing to a serious recession
01:48:11.940
while he invokes the defense production act to increase the supply of baby formula but by doing that
01:48:20.520
it does literally nothing the defense protection act requires companies to supply what the government demands
01:48:28.480
exclusively to the government but you can't order a shipyard to produce baby formula all the defense
01:48:36.980
act means in this case is that the companies already producing baby formula or can readily convert that to
01:48:44.940
that production will produce under government orders if the fda climbed off its red tape high horse
01:48:51.500
and opened the baby food plants it had closed the problem would be solved far more rapidly this is
01:48:58.920
according to uh gallop this is their review of the week best news of the week is that the
01:49:06.500
disinformation governance board was put on hold uh and its leader resigned from the board unfortunately
01:49:13.520
mike chertoff and the the former assistant attorney general gorlick were put in charge to fix it
01:49:21.740
meanwhile the new press secretary kareem uh jean pierre debuted to lousy reviews it wasn't her fault
01:49:30.800
asked how biden's idea of taxing the rich would as biden claim reduce inflation she was
01:49:36.100
stuck for an answer because there isn't an answer that was his week last week now we find out something
01:49:47.620
else we now have uh had our first airlift of food to starving americans um that sure makes me feel good
01:49:57.700
uh when it's completely unnecessary by the way uh and
01:50:02.940
on friday the wall street journal uh talked about uh the durham investigation
01:50:12.560
and in one paragraph in the title piece in the piece titled hillary clinton did it
01:50:20.220
they said uh wow you know that uh that whole trump collusion thing that was quote the dirty trick for
01:50:30.880
the ages and this comes from the testimony that was shared by robbie mooc uh testified he testified
01:50:39.740
that clinton quote gave the green light for the campaign to disseminate the material
01:50:46.980
despite shaky evidence end quote so now robbie mooc has has implicated hillary clinton by name
01:51:00.700
she knew all about it and she gave the green light to it incredible piece of information that is
01:51:08.600
unbelievable unbelievable now their case just so i understand it is i believe
01:51:16.380
that yes all of this happened however they just turned it over to the journalists to find out the
01:51:23.900
truth they didn't know if it was true or not they didn't know it was false certainly they just wanted
01:51:27.940
to make sure the journalists could look at this and get the answers and right and and really make
01:51:33.140
sure they could check on it which is a fascinating i mean they're so who are the the unnamed sources
01:51:40.500
from very high levels that said that had given it to them and had said that it was true and we don't
01:51:46.880
know that yet yeah we don't know that do we wouldn't that be part of this investigation hopefully it is
01:51:51.040
which i would imagine it is um but according to mooc's testimony she knew she knew what was going on
01:52:00.560
listen to this in short the clinton campaign created the alpha the trump alpha allegation fed it to a
01:52:06.520
credulous press that failed to confirm the allegations but ran with them anyway then promoted
01:52:11.580
the story as if it was legitimate news the campaign also delivered the claims to the fbi giving
01:52:18.040
journalists another excuse to portray the accusations as serious and perhaps true most of the press will
01:52:24.960
ignore this news but the russia trump narrative that mrs clinton's sanction did enormous harm to the
01:52:31.920
country according to the wall street editorial board it has disgraced the fbi humiliated the press
01:52:37.740
and sent the country on a three-year investigation to nowhere vladimir putin never came close to doing
01:52:43.900
as much disinformation damage as the clinton campaign did and this is i mean what you just described
01:52:51.660
is misinformation if we believe that if we believe that they had no idea that this wasn't true so the
01:53:00.640
clinton campaign defense yes is that this was just misinformation correct that's the best they can do
01:53:08.440
we gave it out we thought that that was true okay disinformation is more likely now remember the um
01:53:20.640
uh the justice department is looking into not just misinformation but they are concerned with
01:53:30.180
dis and malinformation do you have the definition of misinformation misinformation is false
01:53:37.040
information being disseminated by someone who thinks it's true if you think of maybe like an online
01:53:43.280
conspiracy theorist who's deep in the world and thinks all these conspiracy theories are true they
01:53:48.660
honestly earnestly believe they're true correct but are disseminating what turns out to be false
01:53:53.720
information correct okay that's misinformation disinformation is false information being
01:53:58.680
disseminated by someone who knows it's false the example that always pops into my mind for this
01:54:03.820
particular one is harry reed saying mit romney didn't pay his taxes this is something he knew
01:54:09.160
was was was ridiculously false but kept saying it over and over again to harm mit romney's candidacy
01:54:15.480
and he later admit after the election he said hey it worked yeah he knew it wasn't true he knew he was
01:54:21.700
lying but his he was trying to hurt the other candidate and then malinformation is something
01:54:27.720
that uses some kernel of truth but is used intentionally to inflict harm here's my example
01:54:34.560
on this one joe rogan used the n-word now they released a montage of him using the n-word he did say the
01:54:42.240
n-word but it was you so it was a kernel of truth he did actually say it however in context it was not at all
01:54:49.220
what they said and they used it intentionally so it's it's also when you go back to the clintons and
01:54:55.340
trump it is also the the nazi rally that trump said there are some good people there well he said that
01:55:04.260
but he wasn't talking about the nazis right and they knew that they knew that so this is at best
01:55:13.800
misinformation but i don't believe the what the um justice department said that the charge was
01:55:22.380
ridiculous when they saw the alpha bank stuff they said it was absolutely ridiculous they said it it
01:55:29.380
showed that donald trump his name was on all of the servers his name was on all of the accounts now if
01:55:38.760
you're going to do something nefarious with russia you don't put your name on it and even the fbi said
01:55:46.960
he's smarter than that i mean that they said this was so ridiculous that they had it solved by the
01:55:53.260
afternoon and they got it in the morning they said they completely dismissed it within a couple of hours
01:55:59.680
you're telling me that there's nobody in the clinton campaign that could look at that's smart enough to
01:56:07.020
look at something like that and say that's absolutely not true and then they went to the fbi gave it to
01:56:13.000
them while lying this is this going to be another thing that hillary clinton gets away with
01:56:20.640
because now you have it open up exactly what uh durham was trying to get i think sussman to do
01:56:31.340
testify against the campaign uh in exchange for some leniency robbie mooc did
01:56:39.980
he didn't need sussman now mooc comes in and says yeah she knew all about it she was the one who gave
01:56:48.220
the green light that's really i mean it really should be damaging i don't know that it will be i don't
01:56:54.780
know that she'll get i mean i think you'd have to prove the suspicion she'll get away with it false
01:57:00.000
like you like we have to assume at this point yes hillary clinton gets away with it because that
01:57:04.540
is essentially the truth we've all lived with our entire lives yes but i mean in this at the very
01:57:09.620
least is i think hurting her her standing at some level uh you know i don't think the i don't think
01:57:16.220
the democratic party even likes the clintons at this point like i think they are sick of them i mean
01:57:22.160
that's a that's really really erratic behavior from an actual candidate this is someone who's been in
01:57:28.480
the white house this is someone who has been the secretary of state vast right-wing conspiracy
01:57:32.940
this is someone who should absolutely know better and i don't even mean from the perspective of
01:57:38.060
well she should act better she should be uh she should be more ethical i don't i'm not even talking
01:57:43.920
about that i'm talking about she should have layers of separation between herself and that decision
01:57:49.000
she's never needed it she got it this is the problem this is why our world is on fire
01:57:54.840
and it's so easily the arsonists right there uh that one and that person because they they aren't
01:58:04.060
hiding because they've never had to they've never had to i guess that's true i mean the clinton had
01:58:11.400
cabal if you will has taken quite a hit i think on the democratic side they do not they don't they
01:58:18.180
don't view her as this wonderful figure that oh took a terrible unfortunate loss they view her as
01:58:24.720
please go away and give us someone who can actually win that's what they think of when they think of
01:58:30.400
hillary clinton which i think that's how i would view her i wouldn't want her anywhere near my party
01:58:36.040
if i happen to be in the democratic party but you know a big part of this is not corruption
01:58:41.560
incompetence losing races you should win yeah i mean that and people point to the trump one don't
01:58:48.600
forget she also lost to a guy who had been in the senate for nine minutes one last thing um elon musk
01:58:55.920
tweeted that most people still don't know that a clinton campaign lawyer using campaign funds created
01:59:02.720
an elaborate hoax about donald trump and russia makes you wonder what else is fake let me tell you
01:59:10.720
about uh relief factor by the way how's the uh inflammation and the pain still
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it works and uh and it will alleviate inflammation and and pain and it's like it never even happened
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with a pimp i don't know for sure that this well i kind of do now anyway relief factor can help you
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this is the glenn back program we're glad you're here tomorrow is another primary bunch of them get
02:00:55.480
out and vote tomorrow in your primary uh georgia's the big one um kind of the one that's maybe had
02:01:01.580
the most attention yeah it's been fascinating because the the media loves to write stories about
02:01:06.360
donald trump's endorsements when they don't work i know like they were obsessed with the madison
02:01:10.600
cawthorne thing right and that was i think that's the only one isn't it only one and the other the other
02:01:14.960
one that's very close and not yet decided is the dr oz one which is was very close but again both
02:01:20.300
candidates that were up at the top of there were both vying for his correct endorsement i mean you
02:01:25.340
know he wanted picking dr oz but you know mccormick's wife worked inside the trump administration so like
02:01:31.100
they were you know they were all sort of tight anyway right um but you have so this time you have
02:01:35.120
georgia you have kemp and purdue going for the the republican governor nomination which is interesting
02:01:42.120
because trump very early endorsed purdue does not like camp obviously who was saying that the election
02:01:47.720
was you know not stolen and that was obviously a high uh point of interest for donald trump and so
02:01:53.400
he wound up going with purdue and recruited him to come out and run he was a former senator there
02:01:57.460
uh recruited him to come out and run and so far it looks like kemp is going to hold pretty easily if
02:02:03.380
that happens that's the only thing you're going to hear about on wednesday yeah donald trump doesn't
02:02:08.300
have the power yeah and it's like it's like he's done a lot of other ones that went well yeah like
02:02:12.900
all of them but one another bizarre one however is the alabama race so there was a a three-way race
02:02:20.320
you have someone who used to be in the shelby administration you have another person who uh
02:02:26.520
the black hawk down guy yeah and then you had mo brooks the representative who trump endorsed
02:02:31.180
he was he was winning for a while then he started losing and trump bailed on the endorsement in march
02:02:36.460
when he was at the bottom of the poll since then brooks has come back after losing the endorsement and is
02:02:42.380
now right there in second place and may actually wind up going to a runoff to win this nomination
02:02:48.600
after all bizarre just a bit i mean it's bizarre never get out and vote get out and vote tomorrow
02:02:55.280
more on that on tomorrow's broadcast this is the glenn back program