BLOGMay 08, 2017

Greg Abbott Uses Social Media Like a Boss to Ban Sanctuary Cities in Texas

Texas Governor Greg Abbott beat protesters to the punch, signing into law a bill that bans sanctuary cities in the state of Texas and holds lawmakers accountable for failing to uphold existing federal laws. The governor made the the unprecedented move of signing the bill on Facebook Live, reaching over one million followers on his Facebook page.

POLL: Do You Support Gov. Greg Abbott Signing Bill Banning Sanctuary Cities?

Governor Abbott joined Glenn on radio to talk about how the bill works, why its a good move for Texas and what defines a sanctuary city.

Enjoy the complimentary clip or read the transcript for details.

GLENN: Greg Abbott last night went on Facebook and signed a new bill into law, stopping sanctuary cities. Well, some say the problem is Texas doesn't have any real self-declared sanctuary cities. And how dare him do this on Facebook. What a coward. Or a genius. You decide. Greg Abbott, the governor of the great state of Texas, joins us right now.

(music)

GLENN: Welcome program, Governor Greg Abbott. I think the best governor in the entire United States. Welcome, sir, how are you?

GREG: Glenn, I'm doing great. Great to visit with you again.

GLENN: Great to have you on.

So last night, you go on Facebook and you signed a bill -- this is the first time I think anybody has ever done this on Facebook.

Why did you choose Facebook to do this? Why did you do it last night?

GREG: It won't -- it won't be the last time either.

Listen, this is the 21st century. We've seen an evolution with regard to digital media, with regard to the way that elected officials are communicating directly with their constituents. We saw it first with what Barack Obama did with digital media. We saw what happened in the Trump campaign. And now this is the next step. But listen, I have more than a million viewers. And it's important that I be able to connect directly with them unfiltered through other media. Obviously, other media across the entire country has picked this up and spread the story, which we are proud that they did. But you can expect, going forward, there will be many more ways in which we are communicating directly with the people who are citizens, the people that I have to answer to every single day.

GLENN: I have to tell you, Governor, I'd love to spend some more time talking to you about that. I think that is great. I know that we are living -- and everybody knows. We're living in a time now where you don't need a middleman anymore. And it will change things. And I'd love to talk about the ramifications of that, if we have more time. But let me go to what you signed.

Texas doesn't have any self-declared sanctuary city. And the Trump administration is having a hard time defining what a sanctuary city is. So what did you sign in last night?

GREG: Well, first let's talk about terminology. And if you don't mind, let me correct you a tiny bit.

GLENN: Sure.

GREG: A synonym of a sanctuary city is an outlaw city. It's a city or county that refuses to follow the law. And in the state of Texas, it is my opinion, that we do have a self-declared sanctuary city. In Travis County -- for your listeners, Travis County is the county in which Austin, Texas, is located. And the sheriff of Travis County has a written policy that is tangible for anybody to put their hands on, that says that Travis County is not going to comply with ICE detainer requests. In fact, the Travis County policy is such that if a person who is in the United States illegally and has either committed or been accused of a very violent crime, such as sexual assault -- sexual assault of a minor. Armed robbery. Working in conspiracy with the drug cartels. Any of those crimes and far more, the sheriff of Travis County, who is responsible for upholding the law and keeping our citizens safe, is going to release them, even if the federal government has a request to hold them for the federal government to come and take them. That, I think, is the quintessential definition of a sanctuary city. Travis County is the target and subject of this law that I signed last night.

GLENN: Okay. So now what happens to Sheriff Hernandez? What happens to -- I mean, Dallas is also a city that kind of plays games with -- with sanctuary. What happens to these -- these counties, these cities?

GREG: The new Texas law imposes very serious penalties. One is going to be fines that can add up to $25,000 per day. Two is that these officials -- let's say in this case, the Travis County sheriff, can be subject to forced removal from office, by the Texas attorney general. Three is, these officials can be subject to jail time, if they have sanctuary city policies or if they refuse to comply with the ICE detainer request.

GLENN: Excuse me my ignorance on this. But -- I remember hearing this a long time ago, and it may be complete bunk, that the sheriff is the only one that actually answers directly to the people. Police officers, police commissioners, et cetera, et cetera, don't, but that this is a -- this is a separate office that doesn't really answer to any chain of command. Is that true or not?

GREG: Correct in this regard, in that police officers are not elected by the people. Sheriffs are elected by. The people. That said, sheriffs are one of the county officials who have to work in conjunction with county governance, which in the state of Texas, the leader of the county government is called the county judge, and then there's a county commissioner's court that the sheriff must work with. It's the county commissioner's court that sets the budget for the sheriff.

GLENN: How do you respond to people who are saying this is going to terrorize the Latino community?

GREG: Well, first, let's be clear about something. And that is that just because someone is here illegally doesn't at all mean that they are Hispanic. Remember this, Glenn, and that is more than half of the people who have been coming across our border illegally this past year are not from Mexico. They're coming in from across the entire world. So that part of the thesis is wrong. Second is that Texas is an open and welcoming state. In fact, even before Texas was Texas, we've been a blend of Anglo and Hispanic culture. And, as you know, my wife is the first Hispanic first lady. And so we're very supportive and open to immigration. People get this wrong in the terminology. They say that laws like this are anti-immigrant. That's absolutely not true. We're very pro-immigration. The only people who are subject to -- to being apprehended under this new law are people who are here illegally, who have committed a crime that ICE has caused them to put on their detainer list. If you are here and you've committed no crime whatsoever, you're never even going to be subject to this because ICE will not have you on their detainer list.

GLENN: So, Governor, here's one thing that I can't solve in my head. And I know you're a compassionate man. And I know this has had to cross your mind. There are those people who are here illegally who then -- who are good, decent people and whatever their situation is -- yada, yada. But somehow or another, a bad guy gets into their life and is abusing them. Beating them. Raping them. Whatever. And if they fear that they are going to be, you know, sent back home and something is going to happen to them or they just don't want to be on anybody's radar because they're pretty invisible, they won't say anything about that. And crime could go through -- really horrible kinds of crime could go through the roof in those communities. How do you solve that? And do you believe that's true?

GREG: We solve that in this law because we put specific exceptions in this law. If you are a victim of a crime, if you are a witness to a crime, you will not be asked about your immigration status, if you report that crime. We wanted to make sure that those people be accepted from those provisions.

GLENN: Now, they're calling this the papers please bill. But that's not what this -- you don't ask for papers if somebody is on a routine stop, right? I mean --

GREG: You're absolutely correct. Let me be very clear about this. Because a lot of critics misconstrue this as being the Arizona law. And the Arizona law that was reviewed by the United States Supreme Court, they specifically, quote, required law enforcement officers to ask about immigration status. First, I will tell you that part of the law was upheld by the United States Supreme Court, even the liberals on the United States Supreme Court.

GLENN: Wow.

GREG: The Texas law does not make that requirement. What the Texas law does, is it allows, but does not require law enforcement to ask about immigration status. Let me explain to you why. And that is, when a police officer pulls over somebody -- let's say in a car -- and they do it for you're driving too fast. You know, whatever the violation may be. Let's say they walk up to the car and they look into the car and the person in the car has tattoos on them that clearly indicates they are a member of MS-13 -- which, by the way, is growing in number in the state of Texas -- it would be right for the police officer to ask that MS-13 member, "Are you here in the United States legally?" And so it allows them in situations where this person could be the subject of an ICE detainer request, which an MS-13 gang member most likely would be, to make that inquiry. But it simply and absolutely does not require law enforcement officers to ask about immigration status. Anybody who says otherwise either doesn't know the law or they're misrepresenting the law.

GLENN: Governor, what do you think about the progress that -- and I don't want to get this into a Trump thing. About the progress of illegal immigration and the border wall, et cetera, et cetera, with this administration. Without -- because I don't want to put you in the middle of something here. Are we moving -- are we moving the way we should be, or have we surrendered this?

GREG: Well, we've had a problem for decades now, with regard to the legal immigration process. We have a completely flawed immigration system that must be fixed, and nothing has been done in the last few administrations, and nothing has yet been done under the current administration to fix our immigration process.

Let's be clear about this: Texas, and I think America, strongly supports a robust legal immigration system. What must be done is, we must implement reforms that overhaul our legal immigration system and couple that with strict enforcement against illegal immigration.

GLENN: I said a few years ago, that what President Obama was doing was sending a message all around the world, come in. We're not going to enforce our own laws. And if I lived across the border in poverty, in a drug-ridden -- if I lived in a place where I knew my kids had no future and the president of the United States was saying, we're not going to enforce this, and if you get here, you're going to be here forever. I would absolutely take my kids across this border, for the promise of America. And I said at the time, it's -- it's -- a lot of this is our fault because we're telling them we don't care about this law. And if you're -- and if you are in their situation, you're going to roll the dice for a piece of this. Is it true --

GREG: Right. Barack Obama's approach to border security was the ole system (phonetic). Such as the matador saying "ole" to the bull charging at them, and just let them on through.

GLENN: Right.

GREG: But remember this, Glenn, and that is, why is it that so many people want to come to America as opposed to let's say Venezuela or some other place? The reason is because the United States of America more than any other country in the entire world is a nation of laws.

GLENN: Uh-huh.

GREG: And it is imperative that we as a people continue to ensure that America remains a nation of laws so that we will be the aspiration for people around the entire globe.

GLENN: Has our immigration here in Texas -- our illegal immigration, have you seen a decline in it?

GREG: There actually has been a decline.

GLENN: Small or significant?

GREG: During this calendar year, a very meaningful decline during this calendar year, where people who were coming across the border illegally has shrunk dramatically.

In this last calendar year, before the one we're in right now, there were more -- or about 1,000 people crossing the border a day. And now that has shrunk dramatically compared to where it was before. But we'll need to see. Because as most people known, the increase in cross-border activity typically increases during the May, June, and July months.

GLENN: Have we moved our border agents closer to the border since Obama? I mean, there was this huge gap for a long time.

GREG: You're exactly right. If you're going to secure the border, the best place to secure the border is at the border.

GLENN: Right.

GREG: One of the policies of the Obama administration was to remove more into the interior, the border security operations, so that people will have already crossed the border. It simply made no sense whatsoever. And so, yes, one of the changes is to move border security closer to the border. Another is to increase and enhance border security efforts. But that is something that the state of Texas is also doing. We're about to close out our new budget during the coming weeks. We continue to add more money from the state of Texas to secure the border because it is important that we be a state as well as a nation of laws. We welcome people here who want to immigrate to the United States legally. But we want to make sure that if there's anybody who is not following the law, the law will be enforced.

GLENN: I would love to have you back -- we're running out of time. I would love to have you back and talk a little bit about the culture of Texas and how -- if we're doing anything to protect the culture of Texas. It's one of the only states left that has -- or almost -- I can almost say had a unique culture. And it's -- it's really being destroyed. And I'm -- I'm -- and not intentionally or anything like that. Just because this massive influx from people all over the world and the country who were creating jobs here. And what we're doing to protect that. But let me leave you with just this one question here. Have we signed now officially to the Convention of States?

GREG: Yes. As of last week, Texas became the 11th state to sign on to the Convention of States. And Texas will be in the vanguard of leading that effort. Now that Texas passed it, I think many more states will come behind us. This is a common sense opportunity to return power to the people, away from the entrenched forces in Washington, DC.

GLENN: I -- I have to tell you, I think you are the best governor in the country right now. That's pretty easy to say. But the best governor I think I have ever lived under, and big supporters.

Greg Abbott, thank you so much, sir.

GREG: Thank you, Glenn. God bless.

GLENN: You bet.

Great, great leader. As you heard, very well reasoned. Doesn't get into hyperbole or name-calling. He just does it. Love him.

VIDEOS

TPUSA Presents This is The Turning Point Tour LIVE with Glenn Beck at the University of North Dakota

In this poignant segment of Turning Point USA's American Comeback Tour live event, Glenn Beck honors the late Charlie Kirk by revealing his private plan to name Kirk as his successor in conservative media, emphasizing Kirk's unparalleled dedication and achievements. Blending themes of faith, history, and personal resilience, Beck shares life principles on forgiveness and truth while unveiling 'George AI,' a revolutionary tool for exploring American history through digitized artifacts and interactive conversations with Founding Fathers.

RADIO

Israel and Hamas sign Trump's historic deal. Will it work?

Israel and Hamas have signed phase 1 of President Trump’s peace deal, paving the path for the release of all remaining hostages, hopefully in a few days. Glenn and Stu explain the significance of this historic deal and what it could mean moving forward.

Transcript

Below is a rush transcript that may contain errors

GLENN: Oh. Your initial thoughts here on the peace deal?

STU: It's an incredible opportunity. I think it is important to remind ourselves, that this -- these things typically do fall apart. That is essentially your expectation, any time anything like this happens. Part of this is going to be Hamas coming through on promises.

I have very little belief that they are typically able to do such things.

That being said. They probably also -- you know, one of the things -- a friend of mine pointed this out to me. We were going through all of this.

And he said, you know, one thing to think about it: This is, like, not the B team of Hamas. But the R team of Hamas. They've killed so many of the leadership.

GLENN: Yeah, yeah.

STU: These are people making decisions that were not at the top of this organization and had those ridiculous ideological beliefs that would lead you to October 7th. That's not to mean that Hamas, these people that are left are like, "Hey, you want to invite them over for Thanksgiving."

But I do think there's a possibility here that they're like, you know, maybe this life is not here for us.

GLENN: That would be nice if that were true. I don't know if that were true. But it would be really thyself.

STU: I don't know if that's true. I do think there may be a little bit lower ideological commitment, potentially. And also, the idea that some of these people might be able to make this deal and escape to another third country.

GLENN: Yeah.

STU: And live life there, in a different way.

GLENN: So the breaking news that just was announced, Israel, their parliament or their cabinet just met or approved phase one of the deal.

And Hamas has just come out and said, they accept phase one of the deal.

That means the hostages will be released either this weekend or Monday.

Any remaining hostage will be released.

STU: I mean, just that.

GLENN: Just that.

STU: If that occurs, it is a massive achievement.

GLENN: Yes.

STU: So far, it is already the greatest opportunity we've had.

And only possible because of his detection to this idea!

GLENN: And his deal-making.

Not just his vision.

But his ability to work all of the parties and find out what all the parties need.

And make it happen.

You know, we're not talking about peace between Gaza, you know, Hamas, and Israel.

We're talking about peace in the Middle East.

STU: Yeah. It's bigger. It's bigger than just Israel.

GLENN: I mean, it's Egypt and Saudi Arabia and -- and Jordan to some extent. And -- and Turkey. All of them getting together and saying, you know what! We'll rebuild Gaza. We want to make it into a very prosperous kind of area. I mean, think of places in Saudi Arabia that are so prosperous. That's the way Gaza could be. So they're all getting together and they're saying, "We will rebuild. We'll oversee. We will try to make everything -- you know, keep everything held."

They will put their money into it, which means they have a lot to lose if it goes awry. And they're all saying, "We can co-exist with Israel."

Three years ago, did you even think that was possible?

STU: Yeah. And, you know, look, there are a lot of places you can go and find non-stop criticism of Donald Trump. They will say terrible things he does, and everything he does is the worst thing ever.

GLENN: Yeah.

STU: Also, there are plenty of places you can go where you find that everything that he does is the greatest thing of all time.

I hope you realize that's not what we do here. And I -- on a -- I said this -- and you said this as well when we -- when this was unveiled.

Sometimes, you can get -- people are critical of the way Trump handles these situations.
Sometimes. And sometimes there's arguments on that.
Sometimes it's not the best approach.

You know, we were critical of him, for example, how he handled Canada. You know, probably cost Poilievre that election. And I think that's a really bad thing.

GLENN: I do on top.

STU: That being said, this is a great example of where his instincts work perfectly. This is all set up over a long period of foundational stuff from his first term. With the decision he made, to come out and just announce the agreement with Netanyahu. We agreed. We agreed to this peace deal.

Now, in theory, we have no position to agree between these two parties. But he came out and all of the focus had been, look at all the bad things Israel is doing. Look at how bad, they're so evil. They're so bad.

And he said, we agree with Israel. Now we just need Hamas.

And so the world's attention was like, what's Hamas going to say?

Finally, he was able to focus his attention to the appropriate place. To the party that is holding the hostages, to say, hey. How about asking if they want to a freaking cease-fire for once?

He was able to do that. In a way that I think only Donald Trump could achieve. Which leads to this, over a long foundation.

GLENN: And here's another thing.

You know, this guy has walked through wall after wall after wall of fire. Everybody calling him everything. Nazi, every day.

Here's a guy who, you know, in a time period where the whole world is like, the Jews control everything. Donald Trump is run by the Jews.

He not only kept his relationship with Israel solid and helped them, when he thought they were right. But when they were wrong, in his view, he chastised them.

He knew how to do it. And still hold their respect.

And gained the respect of places like Qatar. And say, so Qatar. When he chastised Benjamin Netanyahu and Benjamin Netanyahu had to I think apologize to some degree about what they did in Qatar.

That's when the Middle East went, wait a minute.

He's not being controlled by the Jews! You know what I mean?

That should be a really big wake-up call to everybody who thinks that Donald Trump is just being controlled by the Jews.

No. No. No. He's not.

He does what he thinks is right. And he'll chastise both sides.

And he will support either side. When they're right, to get to a deal. That's good for everybody.

This deal could be amazing.

I don't have any -- and it's not because of this deal.

I happen to -- I read the end of the book. So I know how this ends.

This will not -- you know, this is not --

STU: You skipped ahead?

GLENN: I skipped ahead. I skipped ahead.

STU: Don't ruin anything.

Don't -- no spoiler alerts.

GLENN: I won't. No spoiler alerts.

Let's just say, this might last for a week. It might last for a thousand years. I don't know.

But we will be in this situation again. We all know that. We all know that. But let's take and celebrate peace while we can.

And the hostage is coming back. That is massive. Massive.

And due to Donald Trump.

Today, if you don't like Donald Trump, fine. Fine.

But how do you take this one apart?

Honestly, how do you not claim this is a massive victory, for the whole world?

STU: Well, I can tell you, that a lot of people on the left are rooting for it to collapse, which is a shockingly revealing moment. I mean --

GLENN: Wait. What?

STU: They are -- you know, they're not going to be out there like, we hope this collapse is.

But you know they hope it collapses.

They don't want to give Trump credit for it.

And they would rather have this continue. They would rather have this war go on.

Than admit that the reason it's ending is because Donald Trump was able to negotiate this deal.

That is central!

GLENN: I think anybody who has played politics with the Palestinian, you know, all that stuff. And all the stuff on the streets. That -- that has been a very effective tool for them. And so I would agree.

And they don't want that tool to be taken away.

STU: You think the Hamas wing of the party wants this? You think Rashida Tlaib is all thrilled about Donald Trump's efforts here. They will hear about Ilhan Omar -- how wonderful --

GLENN: Those are extremists.

STU: I mean that. This is a very revealing dividing line on the left. Right?

If there is anything that is ever going to happen, that Donald Trump can be given credit for. That you think this could be clear. John Fetterman. Fetterman has obviously pretty good on this issue. But Fetterman came out, gave a statement that should be basic. Basic. Like, hey, this is good. And I really hope it works. Donald Trump did a good job on this.

That's the type of stuff that should be obvious for everyone to be able to --

GLENN: That's what "Tip" O'Neill would have done. "Tip" O'Neill and Ronald Reagan, they got together. They disagreed. They fought hard, but they had dinner.

Yeah. Because "Tip" O'Neill could say, that was good. That was good. What he did was just good for all of us.

STU: That worked well. Good. I'm glad that happened. You should be glad that happened. We should all be rooting for the success here.

Even if what the -- you know, like, I rooted -- again, I have all sorts of criticisms the way Barack Obama dealt with the Middle East.

Yeah. Plenty of them. And we went over them over and over and over again.

And plenty of issues with specifically the way he went after Osama bin Laden. But on the day that it happened, really happy about.

Very happy that we were able to do it.

Now, look, it's our military that does it. They can say all this stuff too. They can say, oh, well, the real reason is. Blah, blah, blah.

But we can still be happy, that this occurred. And you can still be excited and give credit where credit is due.

GLENN: This is a win for all humankind. For humanity!

For life!

Stopping Hamas from torturing. You know, torturing kidnap victims.

Stopping the bloodshed that was happening because of the war on both sides.

That is a win. Having the possibility of a stable Middle East, at least for a while. That's a win!

That's a win all the way around. Everyone should be happy. I don't care if you like the president or not.

Everyone should be happy that mankind, put one on the chalkboard for all of mankind today.

This is a huge -- never seen -- this is on the good side. Never seen this one before. Didn't see this one coming.

I mean, we should all be able to say, wow!

And thank you. Because he's the -- I really, truly believe, when it comes to negotiating things like this, there is nobody better.

I mean, that's what he does for a living.

And he knows it. He knows how to read people. He knows how to it.

And this is evidence of it.

STU: And he will do things that are so out of the norm. That it resets everybody's thinking. You know, I mentioned --

GLENN: If he wouldn't have done that. If he wouldn't have done that, we wouldn't have all the Middle East signing on to a peace deal.

STU: I respect. What would they have done in a situation like Trump was with Netanyahu?

Their advisers would have said, "Look, this is great. You guys are together on this. Let's go to Hamas. We'll talk to them. We will see if we can get something done. We don't want to ruin it by announcing it publicly. There are times, where that tactic cannot work. But it worked really well here."

He forced them to basically say, "No, we don't want a cease-fire," or, "Okay. We'll go along with this."

And, by the way, you go down this list, there's a lot of stuff -- this is Hamas never, ever having control of this region ever again is built into this agreement. Now they've only talked about -- they're only on phase one here. So we don't know that we get all of this stuff. But like, there's a lot here that really improves the lives of Israelis, of --

GLENN: Palestinians.

STU: Arab Israelis in the region. You know, Palestinians. Other Arabs in the region.

GLENN: Saudi Arabia. Everybody.

STU: Yeah. Not to mention, just globally.

Right? This is a positive.

GLENN: Look what this does.

That's Turkey. So that separates Turkey from Syria, which is right in bed with -- with Iran.

I mean, think about how this box is. If you have the entire Middle East, now operating with Israel, and saying, we have a right to exist. Think about what that means, for this block, now to Iran. Iran doesn't mind being a pariah.

But now, everyone is officially saying, aisled do business with them.

STU: We will choose business over these guys.

That's a big statement in that world.

GLENN: That's a big deal. Big deal.

RADIO

Big investors buying gold: What does this mean for your dollar?

Gold has reached a record high price of over $4,000 an ounce. So, what does that mean for your dollar? Financial expert Carol Roth joins Glenn to explain why this news is so concerning and why many big investors have started to buy gold.

Transcript

Below is a rush transcript that may contain errors

GLENN: Well, Carol Roth, welcome to the program. How are you?

CAROL: I'm doing great, Glenn! I'm actually celebrating my 26th wedding anniversary today, so it's a blessed day.

GLENN: Oh, my gosh. Congratulations! Congratulations! It's weird. I'm coming up on my 26th on January.

CAROL: Oh, fabulous. Fabulous. It's a good amount of time to be married, yes.

GLENN: It is. It is. So, Carol. Let's talk about the price of gold hitting --

CAROL: It's over 4,000.

GLENN: Which is nuts. And I don't think people really understand. I don't think the average -- this is my guess, and I want you to correct me. I don't think the average person is buying gold. I think this gold-buying is happening from sovereign funds and central banks, mainly. Also, Asian markets. I don't think Americans really understand what $4,000 an ounce means. Can you explain it?

CAROL: Absolutely. I think the world both, investors and central banks are catching up to the things that you and I have been talking about for years. So, you know, we're ahead. We warned everyone. And now this is a little bit of catch-up. Interestingly, you know, as you noted, the average American is very behind in terms of what gold means.

When you look at Chinese households. When you look at Indian household. There are estimates that each one of those country's households owns up to 30,000 tons of gold at this point. Which to put that in context, the US government owns 8,133 times.

GLENN: So the Indian households, all of them combined, 27,000 tons.

CAROL: Right.

GLENN: What we say we have, is he 8100. Wow!

CAROL: So the households in China and India are really ahead of the curve. When you look at data for the US, it's a little bit hard to get good data. But from what I've seen, the estimates are only about ten to 11 percent of US households at all, have exposure to gold.

Now, I know that your audience is very sophisticated and is ahead of the curve. And I would imagine blows through that number. But just shows how sort of unprepared US households are in general.

GLENN: When you're looking at Indian and Chinese households that own gold. Does that include all the gold jewelry?

CAROL: Yes. Yes. That's actually, particularly in India. One of their preferred ways of procuring gold. Yeah.

GLENN: Okay. So gold has -- gold has shot up over $4,000 in record times. I mean, breathtaking time. What is causing that?

CAROL: Okay. So there are a confluence of factors, and I think the two most important factors, which, of course, are linked. Are what Wall Street is now calling the debt debasement trade. Which they're just caught up. And gave it a cute name.

And changing the global financial order. And they're very much linked.

GLENN: Yeah. Tell me, what is it? The debt debasement? What is that?

CAROL: They're doing the debt debasement trade, which is just basically what you and I have been talking about, which is our unsustainable fiscal position.

GLENN: All right.

CAROL: And what all of the money printing that we've seen over the past 17 years, what that has done to our purchasing power, and how that's going to catch up to us.

So as a reminder, our debt to GDP is at emerging market crisis levels. We were at 120 police levels of GDP.

We're running deficits equivalent to a war-time level. Or recession level, while we still have growth.

Which is crazy. We have interesting interest rate -- or interest payments that are outpacing defense spending.

So everyone is now finally catching on to the fact that this is an unsustainable financial position.

And it is going to be very difficult to get out of. Without there being some sort of additional debasement of our currency. Which is a fancy way of saying, a diminishment of your purchasing power.

What's really crazy. There's a chart that's been going around, and they did kind of a comparison of different asset classes. Price in US dollars, price in gold.

So if I look from the end of September 2018, out seven years, and you look at the top 100 NASDAQ nonfinancial companies. It's called the NDX. In US dollar terms, that is up 236 percent. So you think you're super rich, right?

But in gold terms, solid money that doesn't -- you know, that doesn't have its value debased. It's only up 4.7 percent.

GLENN: Oh, my gosh.

CAROL: Yeah. Of course. The S&P 500 up 133 percent over that period in dollar terms. It's down 27.6 percent in gold terms.

And what's called the Case-Shiller Home Price Index, which is the value of homes, the way that's measured. Dollar terms, 60 percent. Oh, houses. So expensive In gold terms, it's down 50 percent.

In fact, right now, it takes less gold in terms of ounces, to buy the median single-family house, than it has in decades and decades and decades.

So it goes to show, that even though we see these dollars. They're buying less and less. And now, you and I were talking about this forever.

But now Wall Street is catching on. Oh, that's not a great thing. And so in terms of preserving the hard-earned capital, we need something that is that -- that hedge. That mutual hedge that is going to retain its value.

And that's why more investors, institutional investors. Funny enough, a lot of millennials, more than anyone starting to really get in to gold.

GLENN: You know why? Because millennials have not been trained their whole life. Trust the system!

CAROL: Yes.

GLENN: And they see it clearly. And they look at it, and they're like, well, this doesn't make any sense at all. And they're going to spend this.

And they will wreck the dollar and everything else. They just see it without being trained over and over and over again. Like, trust the system. They don't trust the system.

And once you realize, the system is rigged in a million different ways. And the system is not telling you the truth.

I mean, that is amazing. When you look at the stock market. And you say, it's actually down, when you compare it in US dollars. To gold!

What's happening -- let me explain this to the audience. What all that means is: Gold is only going up in dollars. It's staying -- it's staying stable. But it's costing you more because of inflation. The dollars are buying less! So it looks like you're paying more, but you're really not. It looks like the stock market is going up, but it's really not! It's what it costs to get in with dollars. If you're going in with gold. You'll actually see that if it was all done in gold, the stock market is down. The price of housing is town.

It's the dollar. It takes more dollars to buy, than it does with gold, which holds its value.

That is -- if people could understand that one thing, that changes all the conversations of, the government has to do something to make housing more affordable. No, they don't. They have to stabilize the dollar. They have to stop spending so much money.

CAROL: Yeah, I mean, if you think of the three definitions of money, it is a medium of exchange. You know, how you helped to exchange goods.

It's a unit of account, which we say, things are priced in dollars, and it's supposed to be a store value. The unit of account, that you just talked about. My friend Steve Forbes has a great analogy, and he talks about other measurements.

You know, imagine that your clock, you know, one day, at 12 o'clock, you know, means midnight. And another day, 3 o'clock means midnight. Or 6 inches to measure a curtain one day. And then the same measurement is like a foot, a different day.

You can't have -- a consistent measurement if the unit of account continues to change. And that's what we've been seeing here with the dollar. And unfortunately, it has not been to our favor.

Which means, that when you work really hard to earn something and it's valued in a dollar, that over time, that -- that work that you put out, your productivity is worth less and less.

And so what gold is meant to do. It's meant to be Capitol preservation. It's not a risk asset. It's not meant to take on risk. And maybe go up a ton. And maybe go down a ton. It's really meant to be a counterbalance to what you have earned. So that you can preserve your purchasing power.

GLENN: You know, I've been saying this for a long time. That you put your money. And I have money in the stock market. You put the money in the stock market.

If things really go awry, go ahead. You're going to cash out for an awful lot of money. But those dollars. It will be paid back to you in dollars.

Those dollars will be worth less, even though there's more of them stacked up, than that ounce of gold, or, you know, that 10 ounces of gold, or whatever you had!

The stock market is paid in dollars. And so as the inflation goes up.

But gold keeps its value!

Keeps its value and hold it steady.

So, yeah. You will be paying more in dollars if you try to sell your gold. But that will continue to increase while stock markets will go down. Am I right?

CAROL: It's a counterbalance. So if things were to shift, and for some reason, you know, things were to change with the dollars, which we would need a lot of different catalysts. Then your gold goes down. It's a counterbalance, which is why it's important to have that diversification in your portfolio. And to have the gold hedge.

What's interesting, Glenn. Just the history, we're talking about millennials.

You know, they went through the great recession. Financial crisis.

They're kind of keyed into this. But if you think about when we came out of the '70s with this crazy inflation. We came out of the gold standard. It used to be very commonplace for a financial adviser to sit down and say, okay.

We've been through this. And so you should be putting, you know, five to 10 percent of your portfolio in gold. As the stock market took off in dollars. And became this big thing.

And they started seeking fees. That went away. Financial advisers, who don't get paid sometimes at all, when you allocate to gold. Stop recommending it.

GLENN: Yep.

CAROL: And now we're seeing a shift back, now we're seeing, you know, oh, yes. You should have some. Some of the big names out there saying, even more.

GLENN: Ray Dalio just came out and said, 15 percent.

CAROL: Yes, we've seen big names like that, anywhere from ten to 20.

And when they surveyed high net worth investors, which are $250,000 in assets or more, they're averaging right now, 21 percent of their holdings in gold.

So it's a very big flip in recent years, on how this is being viewed bit people who have accumulated those dollars and are worried about them.

GLENN: Okay. So let me just summarize here before we move on. On to some other questions.

That is exactly what my grandfather who lived through the great depression said. What are the people with big large amounts of money doing?

I want to do that. And if I did do that. I would be better off in the great depression.

You just heard it, 20 percent or more, right?

From big dollars.

They're investing in gold. 20 percent!

You should -- you should have some!

CAROL: And it's interesting. Some of the portfolios we're seeing is coming from not only the equity peace, but from the fixed-income peace, which is pretty interesting too.

GLENN: Amazing.

Unmasking Antifa: The Dark Truth Behind Its Well-Funded Network | Glenn TV | Ep 461

The cities of Portland and Chicago are turning into war zones. Federal agents have been ambushed, police have been ordered to stand down, and mayors are defying the Constitution. It’s insurrection in plain sight. Glenn Beck heads to the chalkboard to uncover the hidden support and funding networks propping up Antifa. Glenn debunks the myth that Antifa is decentralized and leaderless, tracing connections from Soros to Tides and other shadowy nonprofits. Plus, independent journalist Nick Sortor joins from outside an ICE facility in Portland, where he was wrongfully arrested by police following attacks by Antifa members.

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Unmasking Antifa: The Dark Truth Behind Its Well-Funded Network | Glenn TV | Ep 461