It was a time of innovation and imagination. It was a time of hope in good things to come for America. This two part episode we take a look at two of the most famous innovators in the world, Thomas Edison and Nikola Tesla. These two men came from opposite sides of the world yet somehow found each other. There is a side of the story that not many like to talk about their partnership takes a turn for the worse when one man focuses on money and betrays the other. This story involves sabotage, jealousy and even murder. This is the story of AC/DC.
©2024 MERCURY RADIO ARTS.
ALL RIGHTS RESERVED.
RADIO
April 15, 2024
The Dirty Trick that Makes Congress RICH but Would Put YOU in Jail
The best Wall Street stock traders are NOT hedge fund managers or financial experts. They're members of Congress like Representatives Nancy Pelosi, Brian Higgins, and Dan Crenshaw. But how do all these lawmakers from BOTH parties manage to outperform the experts? Well, it may be through a practice that would get YOU thrown in jail ... but not them. This is all exposed in the newest Blaze Originals documentary “Bought and Paid For: How Politicians Get Filthy Rich.” But first, Glenn Beck heads to the chalkboard to explain how this scheme works.
TV
April 14, 2024
WWII Pilot: What Hollywood Left Out from ‘Masters of the Air’ TV Series | Glenn TV | Ep 346
There’s a lesson or two (or 20) today’s younger generations could learn from the men and women who served in World War II. "America’s Greatest Generation" suited up, stared evil in the face, and they did what needed to be done to protect freedom ... often with zero complaints. "Saving Private Ryan" was the first depiction to come close to what WWII veterans truly experienced and then "Band of Brothers" and "The Pacific" did the same. But until recently, there wasn’t a similar production showcasing the heroes who spent much of the war in the sky. Finally, "Masters of the Air" is doing just that. One of the pilots who helped inspire the series, John "Lucky" Luckadoo, joins Glenn in-studio to share real-life war experiences with the Air Force’s "Bloody Hundredth" bomber unit that Hollywood will never be able to fully capture — like how pilots could barely breathe while flying the B-17 planes and the one aspect of war he chose never to focus on: "I worked my tail off," he says, rather than fixating on the reality that he may never make it home. Plus, "Lucky" gives a brutally honest answer on how he dealt with the psychological pressure of World War II, and he shares one part of the story of the "Bloody Hundredth" that Hollywood chose to leave out ...
RADIO
April 12, 2024
What the Latest CPI Report & Soaring Gold Prices Mean for YOUR WALLET
The price of gold just hit a new all-time high and that’s NOT a good sign. Plus, the CPI report for March has released and it revealed that inflation rose faster than expected yet again. But of course, the Biden administration is bragging about how gas inflation allegedly went DOWN. Financial expert Carol Roth joins to explain what the gold and CPI news means for your wallet, as well as why the White House’s data is “trash.” Plus, she reveals a new way that small business owners can vent their frustrations to Congress.
Transcript
Below is a rush transcript that may contain errors
GLENN: Carol Roth, I know we have a lot to talk about. So just quickly, I woke up this morning.
Looking at gold prices.
And it was kind of -- kind of impressed, on how they're skyrocketing. And I remember, a conversation with the gold guy.
Who said, don't ever, ever look at gold and say, gee. I hope it goes up because of my portfolio.
And we were talking about $3,000 an ounce. And he says, do you realize how crazy the world has to be, for gold to be at $3,000 an ounce?
It's over 2400 right now. We're headed there quickly.
CAROL: Yeah. You remember a discussion that I and I had with a group of people, I believe, in November of last year. When people were saying a similar thing. When is gold going to break out? And you and I were both communicate the idea that gold is really a hedge against all kind of insanity. Things like inflation. Things like the crumbling standing of the dollar. Things like war.
And so when you see that gold continues to rise. Even in the face of things like rising yields on bonds. I mean, normally, there's a lot of push back there. We saw that as bond yields had gone up.
People were moving away from gold. Because you weren't getting that same interest rate. You know, gold does not produce an interest rate. So there is a different reason why we are looking at gold. And some of the things that we're talking about are a bit more structural. Perhaps gold is playing a bigger role in things like settling international commodities. Trades. And trading between countries.
Particularly, the BRICS nations. But, again, all of the things that are the signals, none of them are good for us here in the United States.
You have the signal as, oh, well, it's just because trade. Well, that's not good for the US dollars reserve currency. And that's not good for, you know, inflation over the long term and our purchasing power.
And so all of these things have a mechanism. And when you see so much interest in gold over the past few months. When it has been very steady for -- for a while.
That breakout is giving you additional information. And like you said, this particular case, I think that information is coming from lots of different places. And not one of them is good.
GLENN: Oh, yeah. One of them is, we're hitting the point where our -- our debt, the interest on our debt is going to be 1.6 trillion dollars a year. That's more than Social Security.
It's the biggest. It will be the top line on our budget now, is just the interest. Because we have an adjustable mortgage in America.
And the fed, I think is out of bullets.
CAROL: Yeah. I've been making this argument now for a couple of years. That the fed's monetary policy isn't effective. Because they are -- they're trying to control, demand, and so many of the issues that we've had are on the supply side.
Additionally, we've been headed. And I think we are in today, this period of fiscal to me unanimous. And as we've talked about before, that just means, that fiscal policy plays a bigger role in what is determining economic outcomes and monetary policy.
On its face, that is sort of neutral physical dominance. In our particular situation, it's very bad. It's because of the debt. It's because of the deficits. And it's because of the fact, that we have it these massive interest payments. And continuing deficits, that need to be financed and are creating this vicious loop.
And as we know, there are -- there is not a lot of ways to finance the debt.
There certainly are not a lot of buyers. And we say that this week. There was a Treasury option, for ten-year Treasury notes, that did horribly. It was rated a D by (inaudible) CNBC, who was very, very smart.
GLENN: Oh, my gosh.
CAROL: D, by the way, I don't know if you know this. Is right next to F. So that is a very bad position, to be in.
GLENN: We've always been AAA, haven't we?
I mean, for ten years.
CAROL: So there's a debt rating. And that's done by the rating agencies. These are the bond options.
This is when the Treasury goes out to the market. And says, you know, how is it that, you know -- how did we do?
How many buyers were there? Who were -- who wanted to buy our debts?
And so this happens on a regular basis. And, you know, people who watch this. They give those auctions a grade. To say, how did we do?
Were there a lot of buyers? Not a lot of buyers.
So this particular time, there were not a lot of buyers. And the banks and the security dealers. Had to stock up a lot of that debt.
It's pushing us to this path of monetization. Again, that we've been talking about. That means, we're buying our own debt. And that is inflationary.
So even if we're not getting things like rate cuts, that potentially could stoke inflation. You're going to get this monetization of debt, which is inflationary. Which is why I've been arguing that inflation is sticky. And it doesn't matter if the fed goes high or low.
It's getting us on either side, until the government gets its act together. They are driving the show. It is that fiscal dominance.
GLENN: Tell me about the Consumer Price Index.
And the wholesale index. The numbers don't make sense.
For instance, fuel is not an inflation -- isn't in inflation right now? Look at the price of fuel. What do they mean?
CAROL: So you know who loves the data coming out of the government right now, Glenn?
GLENN: The government.
CAROL: Oscar the Grouch. You know why? Because the data is trash. It's absolutely trash data.
Not only have we seen adjustments on a regular basis.
The scope of which, we have not seen in a long time.
The numbers always get adjusted. But we have not seen these massive adjustments, that we have been seeing.
We also have a phenomenon, where people and entities, who are responding to the surveys. Where they collect the data, don't want to do that anymore.
Either they don't want to be board.
They don't trust the government with their data. Whatever it is.
They don't want to give up their competitive advantage.
They're having fewer people respond to these surveys. Which means that there is more of this projection and biases in the survey. So that's why we saw, you know, the CPI, which is the Consumer Price Index. That's where they go out and they survey households, that came in, higher than expected.
We all expected that it would be an uptick. Because as you said, we know the price of oil and other commodities would be going up. So this was not a surprise to any of us who live in the real world.
So that was somewhat reflected in that data. And certainly, the -- the market had reacted to that, and said, oh, well, if that's the case. The fed can't cut. Then we have another measure of inflation.
Because they measure it in different ways. This is the producer price index. PPI. Which is the wholesale measure of inflation. This is what they're supposed to tell you what's coming. Because the inputs that go into your goods and services give you a sense of what is coming down the pike.
And this was the one that was the head scratcher. Because it was not -- there's a huge disconnect between these two measures always. But even a bigger disconnect. The one as you said, everybody is going, what's going on here? Related to energy.
So floating around on social media yesterday, there was a chart about the season 58 adjustments. Again, the manipulation of the data that they do. And if you look at that, it showed you that gasoline for the month, was down 3.6 percent. I think it was.
But if you did it --
GLENN: Yeah. 3.6.
So if you didn't seasonally adjusted. It would have been up 6.3 percent.
That's a really big swing. That's like a 10 percent swing, between the two of them.
So, again, Oscar the Grouch data here, certainly we're going to get another measure in a couple of weeks here. One called the PCE. The personal consumptions expenditures index. This is the fed's, quote, unquote, favored measure.
I don't know. Maybe they like the people who do it better. It's a little bit more broad. That's what they tend to make their policy decisions on.
But the media and everybody is focused on the CPI. So it makes it very difficult for them. Or at least adds another layer of difficulty. Because they will do whatever it is, that they want to do.
When that is going up, for them to say, well, inflation is under control.
We can go ahead, and start to cut interest rates. Which is why I think everybody needs to be paying attention, to their other tools.
Which relate to the balance sheet and debt. And what they're going to do there. Because that's just a different way for them to be cooperatively.
GLENN: They're not going to do anything. They're not going to be doing anything. I mean, he's not addressing inflation. Biden is spending more.
He's now, again, forgiving more at the time. Trying to get people into houses.
I mean, he is -- we're just giving away the store at this point.
LEE: They have -- we have been saying this since day one. They've been working in the opposite direction. If you wanted to help the fed get inflation under control at the government, you should have been working with them.
You should not have been running up leftists. You've been doing. Putting into place, policies that help supply issues, instead of hurting supply issues.
Every single thing this administration has done, has been a barrier, not only to you keeping your wealth and your purchasing power. But what it is, the fed has been doing.
And that's the fight that the fed has been having.
And I just think, at some point, they're going need to be real explicit. And say, we can't do anything. Until our partners get on the same page.
But, you know, everything is political.
GLENN: It doesn't happen. That's not going to happen.
CAROL: Yeah, not going to happen.
GLENN: When we come back, she actually has been invited to be somebody who testifies in front of Congress.
Carol Roth, in front of Congress, testifying as an expert, by the end of the month. On small businesses. And she's going to be talking about the FinCEN thing that's going on with LLCs and small businesses.
Where you have to register all this information, or you're a criminal.
CAROL: Yeah.
GLENN: And it's going to devastate small businesses. Small LLCs. And it affects so many people. She will be testifying.
But here's the good news. She wants to use information, that maybe you have.
To back up her testimony.
And we'll talk about that in 60 seconds.
First, ever since 911. The Tunnel2Towers Foundation has been helping America's greatest heroes and their families. And you can join them on their mission to do good by supporting the families of America's greatest heroes.
The families of fallen first responders. The Gold Star families. With young children. Catastrophically injured service members. And homeless veterans. I cannot believe we live in a country that is doing what we're doing with illegals. And we have homeless veterans. They're providing mortgage-free homes to these people. Some of them, especially adapted to the needs of catastrophically injured veterans. And they're working tirelessly every day, to eliminate homelessness among veterans.
This is an organization, respected by and donated to, by many of their own people in and out of uniform. David Marshal. He served in the army during World War II. He fought in the Battle of the Bulge. He has never forgot the sacrifice of his comrades in arms, nor the efforts of the first responders on 9/11 or the days and the months that followed.
He is a loyal and proud foundation donor. More than 95 cents of every dollar you donate, goes to Tunnel2Towers to its programs. So they're not spending it on limousines and everything else.
Donate $11 a month to Tunnel2Towers at T2T.org. That's T2T.org. Ten-second station ID.
(music)
No. I think our banks are fine.
Everything is doing really well. Just a quick update. The AT&T Tower in St. Louis went for $3.55 million. That's a good, solid $2 a square foot. Sold for $3 million. It was sold for over 205 million, just about 15 years ago.
So no. There's nothing to see here. Nothing to see here. Carol, let's talk about small business.
CAROL: Yes.
GLENN: Take me through. In case people don't know what FinCEN is. Or what people are requiring them to do.
This is the criminal arm of the Treasury. And they're asking everybody who has an LLC or a small business to register.
CAROL: Yes. So this is called the CTA, BOI rule.
And basically, what it said, and this was passed by Congress.
Was vetoed by President Trump. And then they went back, and Congress overturned the veto, and gave this arm of the Treasury, which is charged with preventing financial crimes. Sort of free rein.
And they said, okay. We will create a database. And if you have any sort of entity, if you have an LLC, even a single member LLC, an S-Corp, a C-Corp, any sort of entity, and you're a business. You need to register with us. The financial crimes enforcement network. Because we want to prevent money laundering and cartels. And, of course, you know, I'm sure all of those people are going to self-report.
But they exempted.
GLENN: All the best cartels do.
CAROL: They all do. Well, we will do these things. We will make sure that FinCEN gets euro information.
They exempted all the big businesses. So this is unfairly targeting small businesses, so the updates. A few things that are what are happening. And we can certainly go more into this. I have been invited by the house. Small business committee, to be an expert, to testify and, you know, obviously testify against this. And how bad this is for small businesses.
And how unconstitutional at the end of the month.
What I am doing is I am bringing statements from small business owners. Because it's great to hear my statement. But if I can show up there, and say, I have hundred. Or 200 small businesses.
And here's what they have to say about this. And they're all outraged.
That holds a lot more weight.
So anyone who owns a small business. You support small business. Go to CarolRoth.com/CTA. That's CarolRoth.com, slash, Charlie Tango Alpha. And I made it really easy. I have given it a form letter, that if you want, you can borrow some of it. You can borrow all of it. You can borrow none of it, but I am going to show up at Congress with this staff from small business owners to say, you have heard what I have had to say.
Now, listen to what small business owners from across the nation, have to say, to try to get them to overturn this.
GLENN: Now, could I -- because today is not the day for me to write something. Because I'm in a very bad mood.
But I could -- could I just write to you and say, yeah. Here's what I would like to say to Congress.
I'm working my ass off, so I can keep my family afloat. And the families of all my employees, and you guys are just making my life more and more difficult, with more and more restrictions and -- and guidelines.
That nobody in Congress passed.
And are not good for the American people.
I've had it!
CAROL: Please do. Again, CarolRoth.com/CTA. Please do that. And I actually think being in a bad mood is a good time to write it, because that's when you will be honest. And that's when you will --
GLENN: I will write today then.
CAROL: Yeah. And so -- and speaking of helping, so one of the things that you did, that was very generous, Glenn. You offered to put forth a lawsuit. And I agreed. We cannot do that. Because we have been outspoken. But the good news is that there are two new lawsuits against this, that have also popped up. So we have a lot of really good momentum. And appreciative to you, for all of your help.
GLENN: Okay. Okay. So give me the address again. It's CarolRoth.com/CTA. Correct?
CAROL: Correct.
GLENN: Okay. CarolRoth.com/CTA. If you're a small business owner, go ahead.
Vent a little bit. You will take it to Congress. Thanks, Carol.
RADIO
April 12, 2024
Why the Elites WANT You to Be POOR
Elites, especially on the Left, always say they want to help the poor…but then, they turn around and sell out blue collar workers while encouraging illegal immigration! In fact, economic turmoil is making MORE people poor. But that’s exactly what they want, argues “Second Class” author Batya Ungar-Sargon. She joins Glenn to make the case that the elites “want everybody to be poor because they control the college-educated and the poor…that’s how the Democrats win.” Plus, she explains what the working class actually wants, and it sounds a lot like a certain presidential candidate…
Transcript
Below is a rush transcript that may contain errors
GLENN: Batya, welcome to the Glenn Beck Program. How are you?
BATYA: Oh, man. Thank you so much for having me back, Glenn!
It's a pleasure to be here with you.
GLENN: You bet. You bet. So I have been saying for a while now, as I'm looking at what the western world, the elites are doing to their own countries.
And our own civilization. They are impoverishing people. They are giving our stuff away, to other people.
And I mean that in Europe and here where -- where illegals are just permeating the country. And the jobs are going there.
They're -- they're disarming us. They're -- they're selling us, bound and gagged to our foe, it feels like.
Is that what's happening?
BATYA: Yeah. Yeah. 100 percent. Glenn, you have been on this for such a long time. Because you're so clear-eyed about this. There has been a massive plunder of the middle class by the elites. First, they shift good manufacturing jobs overseas to build up China and Mexico's middle class.
Then they said, they're not coming back, right?
We're never going to get those jobs back. If you want the American dream. You will have to go to college. Where you'll become a card-carrying Democrat. Right? And now they opened the border and brought in 15 million illegal migrants from failed socialist states just to undercut the wages in the jobs that remained here.
And it's because fundamentally, to the elites. There is no difference between working class and poor.
They want everybody to be poor because they control the college educated and the poor. That is why they're trying to get everybody out of the middle class, and either into the college credentials. You know, leftist elites or to make them poor.
Because that's how the Democrats win.
GLENN: While I've never heard that opinion before, I think, where they were intentionally doing it because they can control the poor.
BATYA: Yeah. Absolutely. Otherwise it makes no sense, right? Where does the contempt from the working class come from. Where does this plunder come from? Why did they sell out labor?
Remember, the Democrats used to -- to making working class people poor, with these policies, that you talk about all the time, Glenn.
Opening the border. Bringing in massive, massive amounts of competition for the working class.
Like, who would do such a thing, right?
And it's not on accident, Glenn.
Of course, this is all intentional. Joe Biden showed up on day one.
To the executive Trump orders. Which secured the border.
Which would sun do that on purpose, if they didn't want that before?
GLENN: Well, it's amazing to me that the labor unions were part of it. The Democrats were for labor, you say. They were always -- they did seem to represent the working class much more. But it was their love of the labor unions.
The labor unions are still with them. As they are helping them dismantle American jobs.
BATYA: 100 percent. And I think that's why, you see only 6 percent of the private sector is unionized. Working-class Americans, they may want the wages and the protections that unions can get their members.
But they see the unions, actively supporting the party and the policy, of importing their competition.
And so, they don't see a future for themselves, in the labor unions. And, you know, Joe Biden likes to say, he's the most pro-union president to ever rule. Maybe that's true. But the unions themselves, are no longer able to represent their actual members.
GLENN: Correct.
BATYA: I have to say, I thought it was great that Trump met with the teamsters. And he got a donation for the RNC from the teamsters.
Because it shows that the teamsters are listening to the rank-and-file. Who, of course, prefer Trump.
GLENN: So you say, that the working class, in America.
Is super diverse.
But united on the policies, that they think would Mike their lives better.
And you say, that is true, whether you're Republican or Democrat.
Where is that unity on policy?
What are those policies?
BATYA: Right. For my book, second class. How the elites betrayed America's working men and women.
I traveled around the country for a year, interviewing working class Americans of all races, all backgrounds and religions. And many, many, many different industries. Totally across the country. And what I found was so much more unites them than divides them.
First of all, polarization, a totally elite phenomenon. And I know your listeners know this. Because I know you have a strong working class listenership.
They know, that they would never hate their neighbor, just because they happen to vote for another party.
They hate both parties, by the way. You know, there is a lot of contempt for the elites in the political class, who love to go to Washington and fight with each other, pretend they're fighting with each other.
While both parties turn their backs on labor.
Here's what I found was the most common view.
So I met a lot of people. Including a lot of Christians. Who had a gay person in their life, who they wanted to be treated with respect. But they were extremely worried about the transgender agenda.
I met a lot of people who were really unhappy about how much welfare there is. And new people who were scamming the system.
And they were very frustrated by that. But they also really didn't like that corporations seemed to them, to be, you know, against their interests.
And that they -- there was so much support for corporations. And not for them.
They were very against immigration. Most of the people, I interviewed.
Including the Democrats, wanted something like a total moratorium on immigration. But they also felt like there should be some sort of government backed -- catastrophic health care.
They couldn't stand the idea that they work with their hands and do physical labor, and they can't afford good health care. So you see how their views are sort of united?
The working class, but neither party really aligns with those set of views.
GLENN: So how come -- because you would say, I don't want to make this into a partisan thing.
I think I have to. When you're looking at Donald Trump, that describes him, respect for gay people.
You know, he is -- he is -- he is the first person to ever have gay people openly speak at the convention.
He's very open to that.
But he is also -- doesn't want to be harmful to transgender people. But is against all of this craziness.
When it comes to -- the -- the -- they're very much against immigration.
That's huge. And that's Donald Trump. How is it that you don't see Democrats looking at some of these big, big items. And say, okay.
Well, clearly, this side is -- is totally against everything I really believe in.
How about the Democrats?
BATYA: Oh, we're definitely -- we're definitely seeing that. Trump is now polling at 35 percent of black men. He's going to get much more than that.
So 2020, he got -- he was polling at 8 percent of black men, and he got 18 percent.
He's now polling at 35 percent of black men. He has the majority of Hispanics polling for him. We're seeing a mass defection of working class people of color, away from the Democrats who are actively undermining them and their future towards Donald Trump.
I will tell you something else, Glenn.
Donald Trump is the consensus candidate, that Joe Biden pretended he will be. You're so right.
His entire agenda is right at the 50-yard line. It's where 70 percent of the Americans are. And 0 percent of the elites. So we are seeing mass defection from the Democrats to Donald Trump. In the working class. And we're seeing the elites, you know, the Nikki Haleys, G.O.P. elites will probably vote for Joe Biden.
That's the political realignment that we're seeing. The rich are moving towards the Democrats. Or have moved to the Democrats. Including conservative rich people. I bet you. We know that Wall Street gave more money to Joe Biden, than they did to Donald Trump.
That's not an accident. I think you're completely right about that.
GLENN: Well, not all rich people support Joe Biden. I want you to know that.
GLENN: So the elites, at what point do you think we break through the ice, on people realizing, that it's not Donald Trump and Joe Biden.
That it is truly, the elites against -- you know, people who say, hey. Can you pay attention to us in America?
First, can you just -- can you not continue to just put me under water. When are we going to break the lie that, and stop playing the left/right game. And realize, it's these people who think they're better than us. That are just trying to put their foot on our neck, all the time.
BATYA: I think this election is going to come down to the working class.
And I think it will become totally unignorable after that. The question is: What happens after that?
These working class people aren't voting for the Republicans. They are voting for Donald Trump. And if the G.O.P. wants to keep these voters, they have to stop pushing tax cuts over everything else. And they have to start listening to the working class. I interviewed 100 people, and 25 of them are quoted at great length in my book, second class.
You want to hear how working class people, who agree with you, about woke. And agree with you about conservative values.
But very much need an economic agenda. They need the G.O.P. to stop pimping them out, on the altar of the woke ideas, that they agree with.
But that, you know, tickle the pickle of the conservative elites, right?
And start creating an economic agenda, for the working class. The first party, that gets to that combination of house care, plus controlling immigration, is going to have a ruling majority.
GLENN: Hmm.
Batya, thank you so much for being on.
The name of the book, again, is really all about everything that we're doing, right now. Everything you're feeling right now. It's called Second Class.
Batya, thank you so much.