Investor Jim Rogers: Obama is "delusional"

Jim Rogers is one of the most successful investors in American history, and now, thanks to America's not so "business friendly" policies, runs his operation in Singapore. This morning on radio, Jim joined to radio program to give Glenn his reactions to the plan for the economy Obama laid out in last night's SOTU address. Did Obama convince Rogers to relocate back to the U.S.?

Transcript of the interview is below:

GLENN: Well, welcome to Hour Number 3. You're about to hear some truth. If you ‑‑ if you don't want to hear the truth, you know, I don't know. Watch, you know, watch ‑‑ go turn on CNN. If you want the truth here on what you're about to enter and the truth about our economy, you're about to hear it from one of the smartest guys. Been around and successful for a very long time, Jim Rogers. He's the author of a new book called Street Smarts: Adventures on the Road and in the Markets. Paul Krugman says Jim Rogers makes my head hurt. So please, Jim, keep it up. The ‑‑

ROGERS: You know, one reason I did the book was so I could put that on the cover, I make Paul Krugman's head hurt. I wanted the world to know.

GLENN: I just love that. I love that. Okay.

ROGERS: Glenn, is this television? There I am.

GLENN: Yeah, that's television.

ROGERS: Let me put on my tie for God sakes.

GLENN: You don't need to wear a tie, Jim. No need to wear it.

ROGERS: I thought it was radio.

GLENN: It is radio. It is radio and television.

ROGERS: Okay. Go ahead. Carry on. I'm sorry.

GLENN: You don't need to wear a tie.

ROGERS: I know I don't. I'm trying to bring a little class to this group.

GLENN: It's impossible. So Jim, you're going to be on television with me tonight at 5:00 and we're going to kind of go over, you know, the ideas that really quite honestly the president and many in the GOP are just going right along with. And we just had Rand Paul on who, you know, he's ‑‑ he's got I think a plan that would actually, might work at this point. Are we past the point of no return?

ROGERS: Yes, because the debt is physically impossible to pay off. We are the largest debtor nation in the history of the world, in the history of the world. Not just the largest debtor nation in the world, but in world history. And if you take in the off‑balance sheet, Glenn, it's physically impossible to pay it off. If everybody paid 100% of their earnings as taxes, we still couldn't pay it off.

GLENN: I actually, I talked to some banker friends of mine who are, you know, strangely, you know, like, "You know, hey, what we can do," and they don't notice the slide that they are in, you know. I talked to them for ten years and they ‑‑ and it's always, "Well, that's not going to happen." "Yes, it is." "No, it's not going to happen. They would never do that. And they just keep sliding down. The last conversation I had with one of them is they said, "Glenn, it's not so bad. And listen to this. It's not so bad." How do you believe it's not so bad? We still have the national parks.

ROGERS: So we're going to sell the ‑‑

GLENN: Sell the national parks.

ROGERS: You know what we could do? Second sell Santa ‑‑ we could sell the North Pole, too. We could occupy the North Pole, sell the North Pole.

GLENN: It's crazy talk. It's crazy talk.

ROGERS: I know. It's insane.

GLENN: Okay. So wait a minute. So how does this, how does this go from here? What are the road signs that we should look at? And, you know, people like you, you know, you can get on your plane and you can go to Singapore. I can't go to Singapore. And most people can't go to Singapore. And quite honestly if America goes away, I don't know how lucky you are in Singapore. You know, who's policing anything in the world or providing stability except dictators?

ROGERS: Well, there are people in the world who don't think that America's doing a good job of policing the world right now.

GLENN: No. We suck at it. We suck at it.

ROGERS: If that's your idea, you've got problems.

GLENN: Right, right. But at least there is some stability. You know, there's still some question on who wins, who fails here, at least in the minds of the average person, the average bad guy. There's still some ‑‑ you know, I think they know we're at the edge and just a little push will push us over and then the world changes.

ROGERS: Of course the world changes. The world changed when the U.K. ‑‑ you know, after the first world war, the U.K. was the richest, most powerful country in the world. There was no Number 2. They were bankrupt three generations later. One generation there was economic chaos because it was corroded from within. We're on the same path. There's no way we can pay ‑‑ you know, Glenn, right now interest rates are 0%. In America, the Central Bank is destroying the people who save and invest. You know all the people you know who save their money, who didn't get six houses, who didn't have ‑‑ make no down payments on their property, et cetera, they are being destroyed now. That whole class of people who saved and invested and did things right.

GLENN: So Jim, what do they do? I mean, because you're talking to ‑‑ I mean, you're right now eight million people and they're listening, and out of that eight million people 1%, 2%, we probably have 5% of this audience is in a class where they can actually, you know, they can maneuver and they've got a lot of money. Most people are living right at the edge. What does the person do who has saved their whole life? You know, I just read something that said if you are a saver, you lose. So really the best thing to do is just pile up debt. I'm like, okay, that doesn't sound good either.

ROGERS: That's not good for a society. They are save ‑‑ what they are doing, they are bailing out the people who did it the wrong way. The people who did save, you're right, they are being destroyed. All of those people are getting zero on their earnings to bail away, Glenn, to bail out the people who did it wrong.

GLENN: So let's take my parents. My in‑laws just retired. He still has his small business. He's an insurance agent. They have saved their whole life. She's got pension, they have got 401(k). What are they supposed to do with it? What do they do?

ROGERS: Well, Mr. Obama last night said everything is great.

GLENN: They don't believe him and neither do I, neither do you.

ROGERS: Don't your in‑laws know what Mr. Obama said?

GLENN: I know.

ROGERS: He said that everything is great and the middle class is on the way back and everything is fine now. I mean, the man is delusional. I was really afraid when I saw that. The only reason I watched it, I wouldn't watch that stuff except I was coming here to be with you.

GLENN: Oh, I didn't watch it. So you ‑‑ thanks for watching it for me.

ROGERS: I don't watch it either. I don't waste my time.

GLENN: I know what he's going to say and I know what the response is going to be.

ROGERS: But it's delusional. It's frightening. I don't live in the U.S. anymore. It was fright ‑‑ I'm still a taxpayer. So I have to know something about what's going on. But he was totally ‑‑ I don't know if he believed it or if he was just lying.

GLENN: I don't really care at this point. I mean, he's either ‑‑ he's either the best liar or he is completely delusional. I don't know which it is, but it doesn't matter.

ROGERS: There's a whole crowd of good liars.

GLENN: Right.

ROGERS: Up there in Washington. So ‑‑

GLENN: Right. But again, let me go back to the question: What does the average person do to be able to survive, Jim?

ROGERS: Well, that's an extremely good question and everybody in America right now is, at least the people who saved for the future, are facing that question right now. The only thing I can urge them to do is, like your in‑law, in‑laws, put their money back into their own business. That's at least what they know. Don't go putting your money into some hot tips you hear from a guy on radio or TV. Certainly don't listen to the government telling you what to do. Just stay with what you know. These are very perilous times. The government is not on your side if you're saving and investing.

GLENN: Okay. So the idea, when you say invest in your business, I've tried to explain, and you'll probably be able to explain this better than I can. I've tried to explain that I think the stock market is going to continue to go up because it's meaningless, and it's paper. And the cheaper the money is, et cetera, et cetera, that paper will go up and up and up. And so you'll read this and say two things: One, we're getting better because look at the stock market. We have this delusion of that that means something. But as that money is going up in your 401(k) and you're seeing, well, I'm making more, the value of when you turn that paper in is going down. So yes, it might be worth $1,000, but your buying power, once you turn that money in, your buying power is maybe $800.

ROGERS: Glenn, everybody listening to this knows that prices are going up. Go to the grocery store. Education, entertainment, anything, price ‑‑ healthcare, oh, my gosh. Prices are going up. The government says they're not going up. But you make a very good point. You could say you have $20,000, but the $20,000 is worth less and less and less because they're debasing the currency. It's an active policy in Washington. The head of the Central Bank, head of the Federal Reserve in America is dedicated policy to debase the currency. This is not good for you, me, or anybody in America except for some ‑‑ a few people in Washington and a few people on Wall Street.

GLENN: I've been urging people to become as self‑reliant as they possibly can, to take care of their ‑‑ make sure that they understand how fragile the food, the supply lines are, to understand that farming is going to become extraordinarily important again, to know that any way you can get off the grid and not be dependent on power from somebody else is very important. Anything you can do to make yourself free, independent as possible.

ROGERS: Well, you are doing a good deed for many people if they listen to you because there are going to be many breakdowns like that. We're going to have serious food shortages, not just in America but in the world coming up. And by the way, as an aside, farming's going to be one of the great professions of the next 10, 20, 30 years. You should become a farmer.

GLENN: I am. I am.

ROGERS: You have?

GLENN: Oh, I am. I have a ‑‑ I have cattle and a farm out West and I have cattle here as well.

ROGERS: I will tell you I ‑‑ when I speak to universities and students, I tell them all they should be studying agriculture. They don't want to do it. They all want to get MBAs. But it's a terrible mistake. They should be studying agriculture.

GLENN: Nobody ‑‑ and you said this to me a couple of years ago and it really sat with me. I've thought about it. In fact, I quoted you just the other day in a group of friends, that farming, nobody is studying it. And nobody wants to do that job. And it's not just here. It's around the entire world. And so farming has become a lost art.

ROGERS: The average age of farmers in America is 58. In Japan it's 66. In Canada it's the oldest in recorded history. In Australia it's 58. In ten years those guys will be 68 if they're still alive. Somebody's got to go into the fields. More people in America study public relations than study agriculture. We don't have any farmers coming up.

GLENN: Even if you do study, you know, farming or whatever, I don't even know what they would call it now, but it becomes about environmental studies. It's not even about how to grow things. It's how to get man out of touching the Earth.

ROGERS: That's true too, but some of the courses, if you go down to Texas A&M, I'm sure they show you how to ‑‑

GLENN: No, no, Texas ‑‑ no, Texas A&M, they will ‑‑ you know, here in Texas they'll, you know, they'll teach you something.

ROGERS: I suspect at Auburn they teach you to plow. You know, and to plant and to fertilize. There are some schools left that teach you the proper thing but not many because there are only 10,000 students, 10,000 study agriculture, 200,000 get MBAs. That's the graduate degrees.

GLENN: So if you want ‑‑ if you were ‑‑ if you had a 15‑year‑old and they were planning their future, you would say to them what?

ROGERS: I would tell her to go into the fields and if she likes the fields or he likes the fields to become a farmer. Because that's going ‑‑ the farmers are going to be driving the Lamborghinis. The farmers are going to be rich. We don't have any farmers. What more do you need to know? There's no competition. You know, and stockbroking and finance, there are lots of competition. 200,000 MBAs every year, Glenn, every year. Nobody ‑‑

GLENN: What makes you believe that farmers would be able to keep their land? I mean, if things break down, this government ‑‑ I mean, you watched him last night. He's already saying, you know, you don't do the environmental study, I'm going to do it for you. I'll just, executive order. I mean, he's going around the Constitution. He's going around everything. So makes you think that farmers would be able to keep their land?

ROGERS: Well, it's certainly not the land of the free that it used to be, you know. There's no more habeas corpus. They don't have to have a search warrant anymore to go into your house or to your bank account or ‑‑

GLENN: It's crazy.

ROGERS: ‑‑ anything. I know, it's just startling.

GLENN: When did you see this coming, Jim?

ROGERS: Well, I've seen it coming. You've seen it coming for a while, I've seen it coming, but I'm stunned at how rapidly it's happened. I guess ‑‑

GLENN: Were you stunned by ‑‑ because you're watching it from (loss of audio) you know, maybe I'll get away because I'll be driving the Lamborghini along with the farmers.

On Monday's radio program, Glenn Beck and Stu Burguiere discussed former Starbucks CEO and progressive Howard Schultz, a lifelong Democrat who has not only been disowned by the Democrat Party but he can no longer set foot inside of a Starbucks store because of his success in business.

In this clip, Stu explained how at one time Starbucks only sold coffee in bags until Schultz, an employee at the time, convinced the company to open a Starbucks cafe.

Click here to watch the full episode.

At one point, the owners came close to closing down the cafe, but Schultz eventually managed to purchase the company and transform it into the empire that it is today.

Stu continued, describing how Schultz, a lifelong Democrat, went on to implement liberal corporate policies that earned the company a reputation for being a "beacon" of liberalism across the country.

"And now he (Schultz) can't even get into the Democrat Party," Stu said."That is craziness," Glenn replied.

Citing a "60 Minutes" interview, Glenn highlighted the journey that Schultz traveled, which started in the New York City projects and evolved, later becoming the CEO of a coffee empire.

"This guy is so American, so everything in business that we want to be, he has taken his beliefs and made it into who he is which is very liberal," Glenn explained.

Catch more of the conversation in the video below.


This article provided courtesy of TheBlaze.

This weekend, March 17, Rep. Rashida Tlaib will be speaking at (Council on American Islamic Relations) CAIR-Michigan's 19th annual "Faith-Led, Justice Driven" banquet.

Who knows what to expect. But here are some excerpts from a speech she gave last month, at CAIR-Chicago's 15th annual banquet.

RELATED: CLOSER LOOK: Who is Rep. Ilhan Omar?

You know the speech is going to be good when it begins like this:


CAIR-Chicago 15th Annual Banquet: Rashida Tlaib youtu.be


It's important to remember CAIR's ties to the Muslim Brotherhood. Think of CAIR as a spinoff of HAMAS, who its two founders originally worked for via a Hamas offshoot organization (the Islamic Association for Palestine (IAP)).

A 2009 article in Politico says feds "designated CAIR a co-conspirator with the Holy Land Foundation, a group that was eventually convicted for financing terrorism."

The United Arab Emirates has designated CAIR a terrorist organization.

In 1993, CAIR spokesman Ibrahim Hooper told a reporter for the Minneapolis Star Tribune:

I wouldn't want to create the impression that I wouldn't like the government of the United States to be Islamic sometime in the future.

In 1998, CAIR co-founder Omar Ahmad said:

Islam isn't in America to be equal to any other faith, but to become dominant. The Koran … should be the highest authority in America, and Islam the only accepted religion on Earth.

Notice the slight underhanded jab at Israel. It's just one of many in her speech, and is indicative of the growing anti-Semitism among Democrats, especially Tlaib and Omar.

Most of the speech, as you might expect, is a long rant about the evil Donald Trump.

I wonder if she realizes that the Birth of Jesus pre-dates her religion, and her "country." The earliest founding of Palestine is 1988, so maybe she's a little confused.

Then there's this heartwarming story about advice she received from Congressman John Dingell:

When I was a state legislator, I came in to serve on a panel with him on immigration rights, and Congressman Dingell was sitting there and he had his cane, if you knew him, he always had this cane and he held it in front of him. And I was so tired, I had driven an hour and a half to the panel discussion at the University of Michigan Ann Arbor campus. And I sit down, my hair is all messed up, and I said, 'Oh, my God, I'm so tired of this. I don't know how you've been doing it so long Congressman. They all lie.' And he looks at me and he goes. (She nods yes.) I said, 'You know who I'm talking about, these lobbyists, these special interest [groups], they're all lying to me.' … And he looks at me, and he goes, 'Young lady, there's a saying in India that if you stand still enough on a riverbank, you will watch your enemies float by dead.'

What the hell does that mean? That she wants to see her enemies dead? Who are her enemies? And how does that relate to her opening statement? How does it relate to the "oppression" her family faced at the hand of Israel?

Glenn Beck on Wednesday called out Reps. Ilhan Omar (D-Minn.) and Rashida Tlaib (D-Mich.) for their blatantly anti-Semitic rhetoric, which has largely been excused by Democratic leadership. He noted the sharp contrast between the progressive principles the freshmen congresswomen claim to uphold and the anti-LGBTQ, anti-feminist, anti-Israel groups they align themselves with.

Later this month, both congresswomen are scheduled to speak at fundraisers for the Council on American-Islamic Relations, a pro-Palestinian organization with ties to Islamic terror groups including Hamas, Hezbollah, al-Qaeda, and the Islamic State.

Rep. Tlaib will be speaking at CAIR-Michigan's 19th Annual Banquet on March 17 in Livonia, Michigan, alongside keynote speaker Omar Suleiman, a self-described student of Malcolm X with links to the Muslim Brotherhood. Suleiman has regularly espoused notably "un-progressive" ideas, such as "honor killings" for allegedly promiscuous women, mandatory Hijabs for women, death as a punishment for homosexuality, and men having the right to "sex slaves," Glenn explained.

Rep. Omar is the keynote speaker at a CAIR event on March 23 in Los Angeles and will be joined by Hassan Shibly, who claims Hezbollah and Hamas are not terrorist organizations, and Hussam Ayloush, who is known for referring to U.S. armed forces as radical terrorists.

Watch the clip below for more:


This article provided courtesy of TheBlaze.

The roots of AOC

Wikimedia Commons

It wasn't too long ago that Blanca thought it was all over.

Born in Puerto Rico, Blanca lived in New York most of her life. Recently, a reporter from the Daily Mail sent a reporter to interview Blanca. When the reporter arrived, Blanca was calmly sculpting wood in the front yard of her modest, 860-square-foot home down the street from a cemetery. Occasionally, a drug deal takes place out front, and the house is crumbling in parts, but Blanca has been fixing it up since she moved in a couple years ago, and this is home.

Reading the article, you can feel the writer's surprise, you can feel an unsuspecting writer being wrapped in Blanca's story.

RELATED: We are all now dumber for what Alexandria Ocasio-Cortez had to say

By day, Blanca works for the Lake County School District as a clerical assistant.

This is a story about mothers.

Blanca is a woman who makes lasagna for visiting relatives and watches over her 78-year-old mother, "who suffers from pulmonary fibrosis and often breathes oxygen from a concentrator, and a loud rescue mutt named Tammy."

This is a story about daughters.

Because Blanca always believed in her daughter. Believed her daughter would be important. And, regardless of your opinion on her daughter—and, believe me, you have an opinion about her daughter, because everybody has an opinion about her daughter—there's no denying the wholesomeness of this story, so hear me out.

"Her dad and I were preparing for Alexandria's birth and still picking names," Blanca told the reporter. "And he came up with 'Alexandria.' I thought about it for a while and I said: 'Alexandria Ocasio-Cortez. That sounds very powerful. That'll be her name.'"

Yes, that Alexandria Ocasio-Cortez, the infamous millennial Democratic Socialist who represents New York's 14th district (covering the Bronx and Queens) in the House of Representatives.

And her mother is Blanca Ocasio-Cortez.

Blanca married Sergio Ocasio in Puerto Rico, then moved to New York. She knew very little English, but she learned. She worked the jobs nobody else wanted. She mopped floors at night, she drove school buses, she answered phones, took orders.

In 1989, she gave birth to her first child, a girl, in The Bronx, New York City. Two years later, she gave birth to a boy.

Until Alexandria was five, the family lived in a one-bedroom condo in the Parkchester neighborhood of the Bronx.

Theirs was an American struggle.

Theirs was an American struggle. Sergio worked hard until he had his own business, and the small family pooled together their resources and took out a mortgage, and moved into "a small single-family house with a yard in nearby Yorktown Heights."

"We had a great life there," Blanca said. "Alexandria was very social, so she always had a bunch of girls over. She took over the shed in the backyard. She cleaned it up, put up curtains and photos and made it look nice, and that was like a clubhouse for her and her friends."

Blanca talks about her daughter the way any good mother does, recalling that her daughter was always talkative.

"When I took her to her pre-K interview, she didn't let me talk much. She was going on and on about knowing the alphabet and being able to count."

In 2008, while Alexandria Ocasio-Cortez was a sophomore at Boston University, her father, Blanca's husband, died of lung cancer.

Overnight, Blanca had to become the breadwinner.

I was cleaning houses in the morning and working as a secretary at a hospital in the afternoon... it was still difficult making ends meet. At one point, I was skipping mortgage payments and we almost lost the house.

This is a story about a single mother who raised her family after her husband died of lung cancer.

As the Daily Mail notes:

Sergio's death put the family into a tailspin. He had no life insurance, two years of health care bills due and the money his business brought in dried out. Blanca recalls she faced foreclosure not just once, but twice.

"It was scary," Blanca told the reporter. "I had to take medicine I was so scared. I had to stop paying for the mortgage for almost a year. I was expecting someone knocking on the door to kick me out at any time. There were even real estate people coming around to take photos of the house for when it was going to be auctioned. The worst is that I only had $50,000 left to pay on the loan."

Funny enough, it was the bank, not the welfare office or the local church that helped her.

Blanca worked from 6am until 11pm.

And I prayed and prayed, and things worked out. After the children graduated from college, I figured it was time for me to move to Florida.

These days, Blanca lives in Eustis, Florida, a lakefront community of about 16,000 people near Orlando. She moved here just before Christmas in 2016. She'd been paying $10,000 a year in real estate taxes in New York. Now, she pays $600 a year.

When she first got here, the world, her world was much different. Her daughter was a bartender in New York and hadn't filed paperwork to become a Representative.

Really, though, this is a story about what it means to live in America.

"I love privacy and calm," Blanca said. "I don't like the limelight for myself and my family. But it seems that God played quite a joke on me with this politics stuff."

The Daily Mail sent reporter Jose Lambiet, presumably to do a hatchet job. The story is tempting: taxes are so severe in New York that even the mother of the wild-eyed Democratic Socialist representing that area can't even afford to live there. Really, though, this is a story about what it means to live in America.

And while liberal media has paraded the story around with that smug look on their faces, so have conservative outlets, and in both cases they've missed the real story. The human story. The story of all of us. Because Blanca is an American, same as you and me.