Glenn and his son Raphe were watching a movie about World War II recently, when Raphe asked his father a difficult question, “Dad, are we headed towards World War III?”
Glenn took the opportunity to share with the radio audience his thoughts on the question. With the oil prices hitting a 5 ½ year low and global collapse looming in our future - the world stands in a precarious situation. According to Glenn, the only right thing to do is "to get off of foreign oil and just become energy independent."
Glenn also pointed out that the United States needs more than just energy independence, but to also stock up on gold. This morning, Glenn said, "Russia, China, they're purchasing gold by the ton. 180 tons last year. What was it is, China or Russia? I think it was Russia. 180 tons of gold was purchased. What are we doing? I don't even they think we have any gold."
Watch Glenn's on-point analysis below:
Below is a rough transcript of this segment:
GLENN: Anyway, I really think that we are seeing the setup of World War III. And a lot of it has to do with the oil prices and with what's coming. We're going to talk a little bit about the dollar tonight.
STU: Is a better answer, because I think about this, too, is because there's something to be torn about about if you don't -- if oil prices collapse, it creates chaos and who knows what happens. The alternative to that is if prices say high and we subsidize things, awful governments --
GLENN: No, the right thing to do is to get off of foreign oil and just and become energy independent.
STU: That's what we're doing. And it's crashing those markets.
GLENN: No, no. Saudi Arabia is crashing this market. To punish us and to punish mainly Russia.
STU: But our goal and our stated goal for a long time is increase American supply, be more energy independent, which we are. We're now looking at being oil exporter and if we add that supply, prices will fall. If everyone on the left said, no, they won't. It has nothing do with supply and demand. It's all the speculators. I have yet to see a media story talk about the speculators roles in the oil fall. I saw it all the time when oil prices were going up but I yet to see one that is crediting the speculators with the fall here, by the way. But we heard all of that, it's the speculators. They're going to keep the price high. We added the supply, now the prices are lower. And that was our stated goal, right? Like I wanted this to happen.
GLENN: So do I.
STU: But there are ramifications but I don't know if the alternative is better.
GLENN: No, the alternative is better in the long run. You just have to go into it with eyes wide open.
PAT: You need a happy medium, like 80 bucks a barrel.
GLENN: No --
PAT: You don't want 140 but you don't want 40.
GLENN: No, change the paradigm. You're going to have to go through some pain as you change the paradigm.
PAT: I don't want to change the paradigm. I don't want to go through the pain.
GLENN: We're going to have to go through some pain, but it doesn't have to this be this global collapse. You know, if -- you know, if you had somebody in power in Washington that -- if our Congress and our president made any sense, 10 years ago, longer than this, but at least 10 years ago, as soon as September 11th happened, we would have become energy independent and we would have said --
GLENN: No matter what happens, energy independent by 2015. We could have done it. Remember they said, it will be 15 years. Well, here her. 15 years later. It would have been good, right?
PAT: We're well on our way to doing that.
GLENN: When gold was $15 -- or when gold was $300 an ounce, the United States of America should have purchased gold.
GLENN: Russia, China, they're purchasing gold by the ton. 180 tons last year. What was it is, China or Russia? I think it was Russia. 180 tons of gold was purchased. What are we doing? I don't even they think we have any gold.
PAT: We're buying Velcro right now, stocking on up it.
STU: We got a lot.
GLENN: No, we're not. No, we're not. No, we're not. That kind of makes sense. There will be some call for Velcro. We're like, you know what? Now is the time to buy all those extra long curly extension cords for the phones.
STU: Really, now?
GLENN: We need those 25-foot curly cords with the usually things that you put on the end of the headset and you plug night the wall phone. That's what we need. We need a whole bunch -- we've got warehouses full of those. That's the kind of thinking we have in Washington.
GLENN: So anyway, this -- this oil price thing is disturbing. Next Monday, Tuesday, and Wednesday, only on TheBlaze, we will show you why I am extraordinarily concerned about Russia. And why you need to be aware. Why is my son saying, dad, I hear you on the phone. I hear you talk to mom. I hear you talk business. Why do you think we're headed towards World War III? You will see and it is -- I think this is -- I think this is more frightening than anything that we have found yet.
PAT: Including the caliphate and all of that? The infiltration of -- the Muslim brotherhood.
GLENN: No, it's up there. It's up there with this. And except for the caliphate, at the time the caliphate to me was logical. But I could not point to the exact people on the ground. I couldn't point to ISIS. I could say, this is what they're doing. Okay? And so it gave me a little glimmer of hope that maybe I was wrong and I think I said that all the time. I could be wrong, but -- doesn't look like it. This is the way it happens. With Russia, I'm not gonna give you theory. And I'm thought gonna say, hey, it looks like -- I'm gonna pointed to the people, to their words, and exactly -- the history and exactly what they're saying they're doing and are going to do. And in the fact that it's already in play, and the things that they said would accelerate that is the -- is oil being under a hundred dollars a barrel. I think you should be concerned.
STU: My belief is that Russia is always been and always will be at least in the foreseeable future more dangerous than groups like ISIS.
PAT: I think so, too. We talked about that when Romney said it. He's right.
STU: There are thousands of nuclear weapons we talk about in play. And ISIS is trying to rob banks to fund itself. They're dangerous. They're bad. They're awful people. But Russia is a completely different -- Russia and China.
GLENN: Russia bought 180 tons of gold last year. I mean --
STU: Yeah, this is a different scale. You know --
GLENN: Can I -- do you remember the time, and I think it was just me that woke up. I think, Stu, you looked at me like, yeah, dummy. But do you remember --
STU: I do that a lot, though.
GLENN: I know.
STU: Be specific.
GLENN: Do you remember when I first came in and I said, I don't think Russia actually collapsed. I don't think the Soviet Union collapsed. Do you remember that?
STU: Yeah, I do remember you talking about that.
GLENN: This was a new thought for me. I don't even remember what started me down the road but I remember thinking to myself, wait a minute. The Wall came down. The uniforms went away. The national anthem changed. The flag changed. But all the same people have power.
And they just became democratic socialists. I don't think anything changed. I think we've been duped. We have been. We have been. They transformed and it's exactly the same kind of thing that I think the United States is being set up for now, except we're not going to transform into something more free. We're going to transform into something much more like Russia is today. Much more thuggish, spookier.
PAT: And by transforming like that, we helped fund their comeback.
PAT: Over the last 20 some years.
GLENN: Yeah, they took our resources. They took all of -- they took all of our best people and all of our resources and used them.