Do people have any idea what is going to happen to the global economy?

David Buckner is one of the smartest people we know when it comes to the economy and what's coming, so with everything happening in the world today it's no surprise Glenn wanted to meet with him during his New York visit. Are Americans prepared for what's coming...and coming soon?

Let’s start with Davos.

David: Isn’t that a lovely place?

Glenn: I don’t know. I’ve never been there.

David: Nor have I.

Glen: But all of the bigwig jets—

David: Yeah, 1,700 jets, these are people, private jets flying in to talk about global warming.

Glenn: Right, and they’re talking about the world economy.

David: And they’re mostly billionaires talking about the inequality in the market.

Glenn: Correct. So they’re there, and one of these guys, there was a story up on TheBlaze last week, and I actually agreed with everything that he said somewhat, you know, but the fact that he was flying in on his corporate jet and, you know, eating like a $300 hamburger kind of took the taint off, but he was saying that Americans and the rest of the world need to understand you’re going to have to do with a lot less soon. And I saw that, and I thought okay, again, he’s on the corporate jet eating the $400 hamburger, but he’s right. People don’t have any idea that what is coming is going to be dramatically different.

David: He’s right for reasons that you and I may not see the world looking at. We think we need to because we need to be self-reliant, financially prudent, stay within our means. Pay as you go. If you can’t pay, don’t go. That maybe our philosophical view.

His view on doing less, what we need to do more with less is this, first of all, what does America provide? He knows that we don’t produce a lot. Most manufacturing is done in Malaysia and other places. Services, most services have gone to India because India has got English-speaking, well educated, no infrastructure. They don’t produce stuff, but they have services. Where do you find all of the lower cost locations in the world? You can go there, so he knows that. So, we don’t offer production. Two, we’re not offering the dollar much anymore, because if you think about the dollar, that’s for the exchange of oil.

Well, guess what, China signs an agreement with Russia, no longer going to exchange with the dollar, using the dollar. Seventeen days later, Australia signs with China. Australia? No, they’re not part of that fraternity. Australia signs. Seventeen other countries have now signed. They’re not going to exchange using the dollar as the basis for exchange. So what happens when there’s a lot of excess dollars and people have been hoarding because they need it for oil, then no longer need it?

And as oil prices go down, how many of them actually need it even if they do use dollars? So, what happens? Dollars go on the market. So, he knows first of all, the dollar is not relevant or as relevant as it was. We don’t produce as much. We’re not that critical. We outsource everything. We buy things from others. We’ve become an outsourced economy where we transfer any wealth that comes in from rich to poor if we can, the innovators and creators to those that don’t have jobs. Rather than giving them a job, we give them the money, and the third thing that they look at is they say okay, you are invested in America as military weapons producers.

But guess what, what does he know? The next war is not going to be military. It’s going to be cyber. It’s going to be banking. It’s going to be financial. So, all the things that we add value to the world, production, innovation, no longer. We punish innovators, right? The dollar, not really needed anymore, especially if you bypass it, and I’m not talking about creating a new currency. I’m just talking about they just decide to exchange between themselves.

Glenn: Right.

David: And what do we finally have? The reality of it is our big picture of we’re going to make something, we’re going to produce something, we have the dollar, we’re going to have military…we don’t care about your military anymore. We can change one dot, one one or one zero. We can cyber attack, which you’ve shown it all over the place, and America is pretty much less relevant. The only thing we have left over is consumption. We consume. So, we walk in, we’re the fattest person. We walk in, we go, “We want to eat. Prepare food.” “Do you have money?” “No, but we’ll borrow from you.” “Really, you’re just going to run up your tab?” “Yeah, but we consume the most. You need us to stay in business.” So, if others walk through the door and say I can actually pay for it, they’re not going to come to us. You don’t want to be the fattest person.

Glenn: How long?

David: Again, each of these dominoes require a couple of things that the poppy seeds can mitigate, and they only mitigate. They don’t take away. Trust me, if a bank has no money and no ability to make its money, even though you slow down the run on the bank, the bank still has no money. That’s where we are. So even though we can slow this down, as interest rates go up, that’s going to reveal more of what we have. As we won’t produce, we’re not going to manufacture.

Glenn: They’re talking about negative interest rates now in the United States.

David: They are, but that’s more like when you think about deflation and things like that, you’re talking about at a point in time where they want people to take things. But let me be clear, regulation will probably protect us from negative interest rates for a season. Dodd-Frank and many of these others are so restrictive that nobody can get loans. Any money that’s going in right now that you want to borrow, it’s not being loaned here.

It’s actually hurting the poor, because if you are able to allow a natural bank to increase interest rates so people can deposit and lenders could borrow, now the poor who hold cash put their money in there, and they’re getting half a percent. You get to negative, all the elderly, all the pensioners, all the cash holders, all the poor who hold cash…

Glenn: Would you agree this is the biggest theft in the history of the world, what’s going on right now around the world?

David: It is probably the largest on scale illusion. I’ll put it that way, and I want to be careful here because banking is an illusion. Investment relies upon illusion, but I don’t believe that it relies on trust. I call this an illusion. There’s a difference between trust and an illusion. President Reagan used to say trust but verify, okay? Same kinds of things, trust is based upon you and I could actually put it out there, show that we’ve got it, we’re good to go, okay?

Glenn: Correct.

David: Illusion is you don’t need to see it.

Glenn: Don’t ask.

David: You don’t need to see it.

Glenn: Right.

David: And as long as you believe it, you’ll never need to see it. That to me is the most terrifying part of it.

Glenn: So, let me switch gears. Pat and I were talking over the weekend, and I said I think it’s time we take our family to Europe and see Europe, because I don’t know if it’s 1933 or 1939, but the world is going to change, and it might be 1950 before we could get back there. If I would have said in 1933, you know what, let’s go see Germany, no, let’s wait. Come back in 1950, it’s not the same place. With the way things are shaping up with ISIS, with the Fascists all across Europe, with the Communists now coming to play, am I wrong to think that maybe it’s time to go see things that you might not see again?

David: I think you’re right, full stop, period, okay? But I will tell you this, there’s a fundamental problem that Europe has that it can’t fix, which is why you go. Europe has this egalitarian approach to everybody’s got to be equal. There is no fiscal responsibility from the top. Even the Central Bank doesn’t have the control, so when one child steps out of line or one child is not perfectly aligned with the others, and you just saw it in Greece. You’re seeing a far move in Greece.

All of a sudden, the other countries are saying wait, you do that, you destroy the whole family picture. You can’t tell me what to do. That creates huge stress within the family of the euro zone, so that point you’re going to start seeing the drachma is going to come back. I start seeing that the euro as a currency, the system as an organized everybody will be equal—

Glenn: You also have Dugin in Russia who is pushing…I mean, that’s why Le Pen is being pushed and financed by Russia. PEGIDA is on this, and it is nationalism. It is you’re Germans, you’re Italians, you’re Frenchmen, and stand up for that, which again, Fascism, the Holocaust came from those.

David: If you can isolate and make them smaller.

Glenn: It tears everything apart.

David: It does. The fabric tears. You have no tapestry, and not that the tapestry is elegant, but when you divide, it’s why NATO was formed, not that it’s good, bad, or indifferent, but why it was formed to say look, you mess with my brother, I will be there to help the best I can.

Glenn: What’s going to happen to Europe, David?

David: Europe has got a severe challenge in the future, because the storm is going to be there, and they can’t fix it because they can’t agree. So, while the United States can isolate, we can stop, and we can look externally, which we haven’t done. We can look externally and protect ourselves. They can’t.

So, I candidly believe that Greece has its moment coming where the drachma, you’re going to see a pushback. Italy then is going to have to say how do we get bailed out from all the debt we’ve given them? France, Spain, all the others that our debt-ridden are going to have to say how do we do it? And one way they’re going to try to do it, and this is what might be interesting in the United States, is they woo our businesses for safe havens like Switzerland once did, and they bring us there. Whether companies really want to do that or not, that may be their only way, and we may be foolish enough to be pushing our people that way by saying we’re going to tax our way into prosperity. It can’t work.

Big picture is they’re going to have to break apart. There’s going to be some isolationism, and they’re going to see arduous battles in that community to try to figure out can the overall EC group keep it together or are you going to have those people breaking it apart? And that’s where all these isms, where the isms come in. It gets really scary because you can have an ism in a community. It’s hard to have a guaranteed ism across a large organization.

That’s the balancing of isms, but you get one little ism here, you’ve got Greece doing what they’re doing, you have Italy that may go this way, you have France this way, all of a sudden these little isms, and you have fiefdoms and kingdoms that start battle. Then it gets really scary.

Glenn: China?

David: China is a fascinating place. I love the people in China genuinely. The problem is my time when I meet with them and I talk about markets and I talk about business and I try to explain how markets work, many of them while embracing conceptually have been so raised in an environment where planned and state-owned enterprises control everything. You drive in from Pudong Airport in Shanghai, there’s tall buildings that are empty. The plan is elegant. I mean, you see the roads mapped out, but they’re empty. There’s no efficiency there. You ask people, and they go, “Well, they’ll fill them some time.” And so there’s a false economy because you can’t really see supply and demand. It makes it unpredictable.

Glenn: How clear is it? I saw some pictures. This morning we were looking at how bad the environment is over in China, and we couldn’t believe some of the pictures we saw.

David: You would be stunned.

Glenn: I was stunned.

David: I go to Beijing in January and February. I was there last year on the worst…you’re supposed to have so many particulates per, and it was thousands above it. People walk around, you know, everybody’s got the masks, and they even have these that they buy with little kitty things. It’s a fashion accessory. You walk out, and you smell, it feels like you are at the back of a jet engine. It’s pretty strong.

So many of my colleagues that are really dear friends genuinely that I’ve met there, they’re the people, you know, have lung problems and challenges. It is so…Beijing specifically, where I’ve been, that’s the place that is the worst that I’ve observed. Shanghai can be, but it’s got, you know, but it is so sad because the pollution just settles in. It’s winter. It gets cold, but the laws and things that they’ve got for environment are not in keeping, and with that it’s not just the laws, even if they worked. State-owned enterprises, you know, it would be less productive if they have to regulate as much.

It’s really significant. It’s the only place I’ve ever been where I woke up in the morning and go, “Wow, that’s a lot of fog. Where’s the river?” No, it’s fog. Really? You can’t see. It’s the only place I’ve been where it is outside looking out, you don’t see it.

Glenn: Yet these are the ones that the people in the United States say lead us.

David: They may lead us in the ability to replicate and produce, but they don’t lead us in environment.

Glenn: Oh no, talk to Al Gore.

David: I understand. I’m telling you, they don’t lead us.

Glenn: I know.

David: In fact, I’m telling you they don’t. We both know this.

Glenn: Well, I saw the pictures.

David: I breathe it. Anytime in the winter, anybody will tell you as lovely as that wonderful city is and the people, the pollution that just socks in and stays there, and there’s not much they can do. When they had the Olympics there, they had a moratorium on cars and people coming in, you know, the number of cars that could come in. Even now they have if you have a car, you only have certain days you can drive, and even with that regulation, the pollution just is outrageous. It’s a sad situation to see because they’re good people that are experiencing disease.

Glenn: I talked to Peter Thiel, a pretty wise guy, and he said I think we make it to the next election, but whoever becomes president the next time, he said you can only have this poppy field for so long. He said you can only hold onto this illusion before it just completely falls apart. You agree with that?

David: I agree that politics plays into the illusion or the trust. The trust is we can verify or the illusion is don’t worry about it. I believe that an election, after up to the election, everything gets clouded for me. It bothers me because I’m a practical person. Just tell me what’s true. I don’t care if you’re an ism on the right or an ism on the left, tell me what’s true. Tell me the truth. And leading up to the election, we get too many photo, you know, ops. We don’t get truth. No one talks about investing, government investing, with truth. Governments don’t invest. They transfer. They can’t invest. They don’t create anything. It’s inherently inaccurate to say that, and yet during the elections, we’re going to invest in the people, we’re going to invest in schools.

So, we’ll get up to that election, we’ll get past the election, if there’s an exuberance for a candidate, somebody that may come from behind and says this is great, and people like him, charismatic, you know, central enough to satisfy some, far enough to one way or the other—

Glenn: Like Elizabeth Warren.

David: Yeah…wow, I thought you were talking about Greece for a moment there. You took my breath away on that one. But if you get somebody that people go, “This is great…,” I mean, I have to go back to where I was a child. Ronald Reagan, like him or hate him, people go, “This is great!” The Hollywood, Californians liked him.

Glenn: I don’t think anybody who has announced or skating around, I don’t see anybody that everybody—

David: There’s no romance in it right now, and the problem is you’ve got a lot of people that go well, it’s the Hillary thing, you know? I don’t think there would be great romance even for those that are embracing her right now. I don’t think there’s romance. It’s a known quantity. Even when they talk about Jeb Bush, well, it’s a known quantity. I mean, they’re talking about known quantities. Why can’t America be innovative? Why can’t we go out and say somebody who has ideals, who, by the way, when in office will be my president?

I’ve told my son 100 times, he goes to school, I say you need to understand Barack Obama is my president. I want you to know that. We are Americans. I want you to recognize that. I would say the same thing with George W. Bush, he’s my president. And then we talk candidly about real issues and where things align and don’t align because I want my children to understand there’s a necessity to be loyal to my country, but the flipside of that is if we don’t get that, there’s no romance.

There was some romance because of firsts, but if there’s no sense of real, practical, verifiable, you know, principles with integrity and tell me the truth…I just want to know the truth. Don’t tell me what I want to hear, and guess what, I’m going to pay my way, and yet, you’re going to give me a chance to innovate, and I can succeed. If you don’t have anybody say that, we get into that next election, that perfect storm, the fear I have is a perfect storm happens to us, and we don’t take control of where that perfect storm goes, and that’s the worry I have. That’s where he’s right.

It could hit that moment, we get past that election and then go okay, no hope, no confidence, let the weather happen, and it just hits us. We have interest. We have dollars that don’t matter. We don’t produce anything. All of a sudden, the rest of the economy and the world says, “What do you guys do anymore? You used to be America. Now you’re and also-ran, you know?” Yeah, the big eaters, and that to me is the most unnerving part of where we’re going to go.

Soros is trying to elect MORE TEXAS RINOs. Here's how YOU can stop him.

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Texas is under threat of a George Soros-backed takeover.

Soros-funded RINO judges have been elected in some of the highest courts in Texas. These judges implemented restrictions that have blocked nearly a thousand cases of voter fraud from being investigated or prosecuted from across the state. These new restrictions are similar to ones in place in states like George, Arizona, and Wisconsin, leaving Texas more susceptible to election corruption than ever. If Texas falls to corruption, America will lose its largest bastion of conservative electoral power in the nation. Without Texas, Republicans WILL NOT be able to win national elections and liberal corruption will go unchecked across the country.

Fortunately, there is a way to stop this: YOU.

If you live in Texas you have a chance to stand up against corruption and to fight back! Starting Tuesday, February 20th, early voting for the primaries begins, where three of these judges are up for election. Go out and vote. If the right people are voted in, there's a good chance the restrictions will be lifted and election fraud can once again be prosecuted.

But remember, you can't just go in and vote for anyone who has an "R" next to their name. Sorors knows that a registered Democrat would never stand a chance in Texas, so his lackeys register as Republicans and ride the little "R" right into office. So who do you vote for?

Fortunately, Glenn had Texas Attorney General Ken Paxton on his show today and Ken gave us his list of judges that he vouches for. His list is as follows:

  • Gina Parker
  • Lee Finley
  • David Schenck
The Primary Election runs from February 20th to March 5th. This is your chance to get out there and make a difference. It might be the most important election you ever participate in. If you need to know where your nearest polling location is, or any other information regarding the election, you can go to votetexas.gov to find out more.
It's time to stand up.

Hypocrisy EXPOSED: The 'Amazon Files' and what WE are doing about it

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Who is really banning books?

For years now, Conservatives have been taking flak from the left for supposed "book bans." The left likes to compare these "bans" to Nazi book burnings, accusing the right of sweeping authoritarian decrees designed to suppress information. In reality, this is a movement largely motivated by parents, who want to remove inappropriate books from children's libraries.

But if you want to discuss authoritarian book bans, look no further than the White House. As Glenn recently covered, the Biden administration has been pressuring the world's largest bookseller, Amazon, into suppressing books they disagree with.

On February 5th, 2024, Ohio Representative Jim Jordan released a slew of subpoenaed documents that exposed pressure placed on Amazon by the Biden Administration. The documents, which Jordan dubbed "The Amazon Files" after Elon Musk's "The Twitter Files," revealed an email conversation between Andrew Slavitt, a former White House senior adviser, and Amazon employees. In these emails, Slavitt complained that the top search results for books on "vaccines" were "concerning" and then requested that Amazon intervene. Amazon initially refused, not out of some altruistic concern for the free exchange of information. They thought any action taken would be "too visible" and would further exasperate the “Harry/Sally narrative,” referring to the outrage that followed Amazon's removal of Ryan T. Anderson’s book When Harry Became Sally.

Despite this initial refusal, Amazon agreed to meet with the White House a few days later. The number one item on their agenda was removing books from the website. An Amazon employee even admitted that the reason they even took this meeting was due to the pressure being placed on them by the Biden Administration.

What was the result of this meeting? Amazon caved. They began to implement ways of limiting the outreach of books that challenged the mainstream vaccine narrative and other books the White House might not like.

The White House was caught red-handed pressuring the world's largest bookseller to restrict the sale of books they consider in opposition to their narrative, and they have the gall to accuse conservatives of information suppression. This is just ONE of many actions committed by the Biden Administration that are more characteristic of a dictator than a president.

What can you do about it? Fortunately, you are not dependent on Amazon and its corrupted algorithm to help you find books. Every week right here on GlennBeck.com, we highlight books that Glenn is reading or talking about in our "Glenn's Bookshelf" series. Here you can find a wide selection of books free from Amazon's filters. Be sure to sign up for Glenn's newsletter to find out about new additions to "Glenn's Bookshelf" every week.

10 times Biden has acted like a DICTATOR

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The left-wing media's most recent tirade is accusing Trump of being a dictator. But, as Glenn said, "Everything they're accusing us of, they're doing."

Since day one, the Biden administration has overstepped the bounds placed on the executive branch set by the Constitution. In Glenn's most recent TV Special, he examined ten times Biden acted like a dictator, NOT a president. Here are 10 of Biden's Dictator Moves, and click HERE to get ALL of the research that went into this week's Glenn TV special:

5 ways to protect your First Amendment rights. Number 4 will surprise you.

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Every day it seems Glenn covers another story revealing how people across the world at all levels of power DESPISE the fact that YOU have rights, and they are actively trying to curtail them. Recently, there has been a string of attacks against the rights outlined in the First Amendment: the freedom of religion, the freedom of speech, the freedom of press, the freedom of assembly, and the freedom to petition.

As a refresher, the First Amendment reads as follows:

"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances."

This is powerful stuff, there is a good reason the Founding Fathers made it the FIRST Amendment. It's also the reason why power-hungry elites are attacking it. These attacks are designed to control the way you think, speak, and believe, vote, what you read, and who holds your representatives responsible. The First Amendment is our strongest weapon against tyrants, and they know it.

So what can you do about it? Hope that some wig in Washinton will eventually do something? We know how well that works. The best thing to do is to stay active, engage in the issues you care about, and exercise your rights.

So where to start? Here are a few things YOU can do to protect your First Amendment rights:

Religion

The best way to flex your Freedom of Religion is to—you guessed it—practice your faith. Become an active member in your place of worship, go to scripture studies, invite your friends to that late afternoon event, and walk the life. This can impact the way you spend money as well. Shop the businesses and brands that share your values, and don't shop at the ones that scorn them. Keeping the community alive and healthy is the best way to ensure that generations to come will be able to experience the freedom you enjoy.

Speech

Much like religion, the best way to protect your freedom of speech is... to speak. Engage your friends and family in polite, civil conversation. Stand up for what you believe in, and make your case to your peers. Just remember to keep it friendly. No one ever won an argument by shouting down their opponent. The civil exchange of ideas is the cornerstone of our republic, and a dialogue where the participants are well-informed, considerate, compassionate, and open-minded can have permanent impacts on all involved.

Press

Freedom of the Press seems a little tricky at first. Unless you work for the media, what are you supposed to do? Quit your job and go work for the local newspaper? The good news is that exercising this right is not nearly that difficult. In fact, you are currently doing it. The best thing you can do is to read from outlets that produce informative content. Want to know what Glenn consumes to stay informed every day? Sign up for Glenn's Morning Brief newsletter to get all the stories Glenn gets sent to his desk every day sent straight to your inbox.

Assembly

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Freedom of assembly is one of the more impactful yet underutilized freedoms in the First Amendment. Peaceably assembling and protesting with like-minded individuals can hugely influence politicians and policies while simultaneously creating community and fellowship between attendees. It's understandable why more people don't turn out. We're all busy people with busy schedules, and flying out to D.C. for the weekend seems like a daunting task to many. Thankfully, you don't have to go out all the way to D.C. to make a difference. Gather some like-minded people in your town and bring awareness to issues that impact your community. Big change starts locally, and exercising your freedom to assemble can be the catalyst to lasting impact.

Petition

If you've been a long-time listener of Glenn, then you will have heard a few of his calls to action where he asks his audience to contact their representatives about a particular piece of policy. There is a good reason Glenn keeps on doing those: they work. Whether it's your local mayor or your senator, a call and an email go a long way. If you really want to make a change, convince your friends and family to reach out as well.