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Stephen Crowder: Google Clearly Doesn’t ‘Want to Discuss Issues Anymore’

A Google software engineer lost his job this week after writing a 10-page internal memo critiquing the company’s diversity efforts.

In the memo, the engineer gathered some general observations based on research about men and women and what they can both offer to a company, suggesting some ways that tech jobs could become more friendly to women. He also objected to company programs that are only offered to employees based on race and gender.

“Of course, men and women experience bias, tech, and the workplace differently and we should be cognizant of this, but it’s far from the whole story,” he wrote in the memo.

Google CEO Sundar Pichai said in a statement that “portions of the memo violate our Code of Conduct and cross the line by advancing harmful gender stereotypes in our workplace.”

Stephen Crowder of LouderWithCrowder.com joined Glenn on radio Thursday to share his take on Google’s decision to fire the engineer.

“Is that still hate speech?” Crowder sarcastically said of the memo. “When you read the entire memo in context … I go ‘OK, this is a guy who’s a classical liberal … and he’s writing something genuinely trying to be productive.’”

 

GLENN: Steven Crowder, welcome to the program. I was talking to a millennial yesterday, a very smart, well-thought out millennial who said, "You know, I don't agree with this, but I have to tell you what my feelings were when I first heard about this memo." She said, "I don't like people telling me what I can and can't do because of my genetics.

And she said, you know, "I heard the quotes, that he was saying that I can't do these things because I'm genetically predisposed to X, Y or Z." And she had a big problem with this.

Now, the good thing about this millennial is she moved past her feelings into thought, but that's not really happening, especially even in the press.

STEVEN: Yeah, well, thanks for having me, Glenn.

You're absolutely right. You know, a couple of points about the memo. I hate to use the fake news hashtag, but when CNN goes out and says, anti-diversity manifestos, they call it, like it's The Count of Monte Cristo writing on the stone wall, next to days in prison. Manifesto. Anti-diversity. And then it says anti-woman. Well, the quotes they take are where this guy essentially says, listen, Google is essentially pushing diversity, hiring for diversity's sake. And it hasn't really been that successful. We may want to -- and, by the way, I'm not saying that all men and women are the same. There's a significant overlap. Of course, there are people who would fall on both signs of the spectrum when it comes to attributes and perhaps some shortcomings.

But as a general rule, this may be why we don't have as many women in tech, and he talks about how women generally value work-life balance over status, whereas men will drive themselves into the -- they'll work themselves into the ground for status. It does say, "Yeah, you know, listen, women tend to handle stress more emotionally. It does list some characteristics that might not lend themselves well to high-stress tech situations."

But then, and here's what the media doesn't cover: On the flip side, he says, "No, I strongly believe in diversity." And I think if we want to hire more women, we might want to place emphasis on the -- on the issues where women perhaps are more valuable to the company.

For example, they're more cooperative. In general, they're more agreeable than their male counterparts. In general, they're more people-oriented. They're more empathetic.

We don't really place a strong value on those attributes that Google in these positions -- we might do better to do so.

So, listen, is that still hate speech? Do you lock this guy up with the Nazis? I don't know. Leave it up to people to decide. But when you read the entire memo in context, I can't see -- you know, Glenn, this is one of those issues where I read it, I go, okay. This is a guy who is a classical liberal. He even gets some digs in at conservatives in this memo. People read it. He's certainly not a right-winger. And he's writing something genuinely trying to be productive. Generally writing out points as to where Google may be able to improve.

And Google says, we can't -- this is hate speech. We have to fire this guy. Which tells me, if this guy can't do it, you know, you and I haven't got a shot. They're not interested in a dialogue. For the same reason we couldn't have anyone from Google or anyone on Google's side come on my program to argue this issue. They don't want to discuss issues anymore. They've gone too far around the back.

GLENN: So a couple of things: I would agree with you. And I have not been able to find somebody that can make a cogent argument on how this isn't the beginning of fascism in the Google world. The institutionalization of fascism in the Google world.

I really want to understand how silencing somebody who is really, truly making valid points. You don't have to agree with them. But bringing out a valid argument. How the best way to deal with that is to silence them and to shun them and to name-call. That's fascism.

And why this is concerning -- you know, if they were just making ashtrays, I wouldn't really care. But they're not.

STEVEN: Yeah.

GLENN: These are the people who are the gateway to information. And if they are saying, "This information isn't worthy to even be discussed at the levels in Google," are they really going to allow us schlubs who don't know anything to access that information in an equal and fair way? I don't think so. It wouldn't -- it wouldn't make any sense at all. It would be completely inconsistent.

STEVEN: Well, you're talking about a company -- my friend Owen Benjamin talked about this on the program. You're talking about a company where when you Google how to be a better man, it shows you articles written from lesbians. So they can't help you be a better man, nor do they have any interest in doing so.

As a matter of fact, you mentioned fascism. You know, if you Google fascism, it says far-right ideology. You know, and then description. Description. But if you Google communism or socialism, there's no mention of the left. There's no mention of the left side of the political spectrum.

It really is -- and here's the deal: They have the right to do what they want. They have the right to fire this guy. I think we all agree on that.

GLENN: Yep.

STEVEN: What they can't do is say, we believe in diversity. We believe in difference of opinions and then fire somebody for a difference of opinion. That's the issue here, is the dishonesty. When like you've said, I've read anywhere from between 60 to 80 percent of our online interactions occur either somewhere between Google, Facebook, Twitter, or Amazon.

So when you think of how much information is controlled, it really is -- and there are a few. Listen, what's so offensive, are we really going to start firing people because someone says men and women are different? Are we at that point where it's offensive to say, hey -- and anyone who is married knows that it's true.

And, by the way, hey -- hey, men -- you can't say men and women are different. Men and women are exactly the same. Men can do everything women can do, and women can do everything men can do with the exact same results.

By the way, let's celebrate diversity.

Did I step into a time? What happened? What world did I fall into?

GLENN: And the fact that women and men are exactly the same, except they can't play the same sport. That's unfair. You're going to put women. Really? Women are going to have to compete with men on the basketball.

Well, wait. You were just saying that there wasn't a biological difference. What are you talking about?

STEVEN: Yeah. Unless it's a transgender, then just let him into the octagon to beat the living daylights out of women. That's progress.

I think, Glenn, I think that this is a real opportunity -- the pendulum swing states both ways. We've talked about that. You kind of saw that with Bush. Then the sort of anti-establishment sentiment from young people. Then it swung the other way with Barack Obama.

But the pendulum is swinging so quickly now. And I think the left has gone too far for it to swing back. I think you're seeing too many liberals. And we see this with our content, a lot of people who used to be liberal going, I just can't get on board with this. Once they read the memo, people go, "You know, it's offensive to say that men are more task-oriented. It's offensive to say women are more emotional."

It really is at a point -- and, by the way, really, what hurts people here is that they don't feel good about it. The women took a sick day at Google. They were so offended at the notion that they might find work too stressful, that they read this memo and took a sick day.

By the way, not all women are this weak, just the feminists at Google. That's important to note. I'm sure -- I'm sure your wife isn't.

My wife's reaction was so earnest. And it just hit me like a Mack Truck. She just said, "Do you have to talk about it? It makes me just so ashamed. Ugh, women who complain like that. They're just so weak. They're so obnoxious. Most women don't like to be around them. They're just draining." That's what my wife said. Isn't it ironic that a non-feminist, conservative, Christian woman finds feminists to be obnoxious in their weakness? And that's where we are.

GLENN: That's really -- but that is the progressive mantra, is weakness. Celebrate -- not celebrate diversity. Celebrate your weakness, and we will compensate. We will be your defender.

I think your -- this -- this millennial who said this, you know, I -- you know, this is the way I felt. I don't like people telling me one thing.

Well, wait. The other side is telling you that, oh, yes, you can do it, but only with special exemptions. Only with special protections. Only with special training.

No. I'm telling you if that's what you want to do, go do it. Go do it. How is that offensive to say, you don't need somebody in between you. That's just somebody sucking you dry of all of your power.

STEVEN: Right. A couple of things: You know, they say, I don't like being told what I can and can't do. And conservatives are saying, well, listen, we're not really telling you what you can and can't do. But we can all find common ground on one issue: Pullups. Right? Liberals want to lower the PT requirements in the military with pullups so that women can join more easily. And we say, hey, women biologically can do fewer pullups. So there's a great litmus test.

As far as what's offensive -- you know, offensive now isn't about intent. And we've talked about this with the Google algorithms. You know, for the most advanced tech company in the world, right? On my videos, Muslim singles and gay cruise ads are playing.

Well, we're trying to fix the algorithms. You're Google. If you can't associate proper advertisers with my -- who can?

So, I mean, we're talking about people's feelings. That is what it comes down to Google. It's not about intent. It's not about context. Leftists don't really understand context. Or they don't value context, I should say. Certainly, as a whole. Anyone can feel bad about anything. I'm feeling miserable this morning. You know why? It's stupid. But I have some nagging injuries.

So I haven't been able to go to the gym. So I've been doing these -- these water weight exercises. You know, those foam dumbbells in the pool. And I was thinking, you know, hey, good for me. I'm going out. I'm doing something.

So I go on Amazon to look to buy some, as opposed to the public pool where I've been going. And then I read the reviews, and it's nothing but 77-year-olds talking about their aquatic aerobic classes. And then all of a sudden, Amazon is tracking with advertisements and the ads, every time I'm in my browser of reverse mortgages. Or Wilford Brimley with diabetes. And I feel bad. I feel bad. It's my own doing.

STU: I believe it's pronounced diabetes.

It's interesting, Steven, it's a great point on the physical part of it. Because it's exactly the point he made in the memo, which is: If you look at the top 100 meter times of all time, the world record holder for women is slower than the yearly best times for high school men. I mean, there's a clear difference here. Right?

However, what that does not mean is that the all-time world record holder is not going to be a hell of a lot faster than me trying to run 100-meter. Point being, yes, on average, there are differences. But there are women in Google all the time that are outperforming men all the time. It's just a commentary on averages, and nobody is going to bother to take a look at that.

STEVEN: Sure.

GLENN: And who is it that is devaluing the basic intrinsic worth of the sexes? I'm not.

I believe that Women Are From Mars, Men Are From venus, or whichever planet it is. I believe that we are different for many different reasons. But it's important that we -- oh, my gosh -- celebrate that diversity. That we look and say, "This trait in a woman of being less about stuff is good." It's a good thing.

STEVEN: Right.

GLENN: And at the same time, the man is worried about stuff or thinking about stuff. When you put those two together, you have a nice balance. Why are we trying to destroy -- first, say that what men are is -- has no value. And what women are naturally also has no value. You have to be this thing that is not -- neither male nor female.

STEVEN: Right. And that's kind of -- you know, I want to go back to Stu real quick. I want to answer that. But I'll throw another one into the mix. We talked about 100-meter dash. You want to know something else?

Chess. There's a women's division for chess. Think about that for a second. It's not even close, if you look at the top players of all time. There is no female Bobby Fischer.

Now, women can enter the men's division in chess, and there have been some outliers. Maybe a couple cracked the top ranks throughout time, but then they have an exclusively women's division in chess, which is just significantly further behind.

Now, that does not mean that women are less intelligent. Chess is not an indicator of intelligence. But it is -- let's remove the physical. It is absolutely an indicator of how someone's brains work, how it processes information.

We can see the difference between standard people and ADHD people. We can see the difference between, you know, people who simply read differently, who have different faster reading comprehensions. It doesn't mean they're smarter. Some people are wired differently biologically.

To what you said, Glenn, you know, Christians, we have used this term for a long time, complimentarianism. You know, it goes back to Christ. Really, the first diversity celebrationist, I guess you'd say, where he said, hey, husbands, be good to your wives.

That was kind of new, the way he really placed emphasis on treating the women as the best among you. And then, women, submit to your husbands. And submit in the Biblical sense. Not submit like Muhammad. You're going to get a fresh one if you don't do exactly what I say, but submit meaning respect the authority in the household and love your husband. So this is what we've known for a long time, the truth we believe to be self-evident.

And I do think -- and you guys can tell me if you've noticed this or if you think I'm wrong, I think it's forced a lot of people to reexamine issues. They thought they were liberalized. You know, people -- I've had people go back to the same-sex marriage issue and say, "You know, I really just thought conservatives were just a bunch of anti-gay bigots." But now when I go back and I see some of the arguments, whether I agree with them or not, but I see some of the arguments where people said, "You know what, I just don't believe men and women are interchangeable. I do believe that a father is of intrinsic value and a mother is of intrinsic value. And that they are unique and not interchangeable." You know, once we said that's not the case culturally, we kind of opened the floodgates. And I've had people say, you know, I have to look back and see where we went around the bend.

GLENN: Steven Crowder from Louder with Crowder. I think you're exactly right. And I'm seeing it in not just this, but in many things. Sitting in Los Angeles with, you know, liberals who would have just thought that we were all just racist bigots for the last ten years. Actually sitting around a table and them saying, you know what, I'm actually for the Tenth Amendment. And I thought that was all racist. And now, suddenly, I find myself going, "Yeah, you know what, maybe we should have that Tenth Amendment." And then realizing, "Holy cow, wait a minute. I may have been wrong on this. I have to reevaluate a lot." That is happening.

And if we can open our arms and not say, "Yeah, told you so," and just be decent human beings with -- with the -- with the open mind and honest arguments, I think we will welcome a lot of people into the fold.

Steven Crowder, LouderwithCrowder.com. Thank you so much. We'll talk to you again, Steven. Appreciate it.

VIDEOS

TPUSA's Turning Point tour LIVE with Glenn Beck

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

Trump's peace deal: A new era for Israel and Hamas

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

Gold is at $4k an ounce. What that means 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.

TV

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.