What does the future hold? Glenn talks to entrepreneur and angel investor Jason Calacanis

Does college matter? What happens when 50% of current jobs disappear? What does the future look like? These are the kinds of questions that people across the country need to be asking, but many don't even know where to start looking for the answers. To help fix that problem, Glenn has started to seek out strange bedfellows, many of whom are on the cutting edge of shaping the future. Jason Calacanis is an angel investor, entrepreneur, and blogger. He knows better than most what the future holds, and more importantly how to prepare.

Start listening to the interview at 1 hour 36min into today's podcast:

Below is a rush transcript of this interview

GLENN: This is crazy. I don't want to make this about politics. I want to make this about the future. Does college matter really? Or is it what -- how you learn to think and can you remain nimble enough in your thinking. I don't want someone who's gone to college and just learned how to think in a box. If you can go to college and learn to think outside of the box, great, but too many times college is making you just draw this straight line that everybody is going down. The world is not like that anymore. We have Jason Calacanis on. He is really the father of the blog. He started one of his web logs back in -- I don't know when. Sold it to AOL for $30 million in 2005, and he's an angel investor, has been investing in some of the greatest new technology around. And he also runs something call This week in start-ups. He's also one of the biggest entrepreneurial festivals that go on called Launch Festival, and Launch Festival happens in march. I am actually going to speak there in San Francisco. 10,000 entrepreneurs come to this, and think out of the box.

So I wanted to start with Jason there. Does college matter in the future to the extent of you would be concerned about someone who didn't finish college?

CALACANIS: Great question. Thanks for having me, Glenn. One of the major issues is the value proposition. $10,000 for four years or $20,000 or whatever you paid and I am a little younger than you, maybe $30,000 for four years for me, as a product of Fordham University.

One year salary. Maybe it seems like an okay thing it would for a couple of years, as you mature, but do go into debt, the equivalent of five year's salary, no, makes so sense. Then if you look at what truly matters in the world, to make it today, a combination of skills that are in demand, that go out of demand probably every five, ten, 15 years for some of these very specific skills, programming a specific computer language, using a specific peat of design software. What you need to have is grit, ethics, morality, leadership and resolve. When I look at entrepreneurs, people always ask me hey, how did you pick Thumbtack or Uber or some of these? I said I picked the individuals, not the ideas. If you look in someone's eyes and you can feel the passion and you can hear the logic and the decision-making and problem-solving they approach a space with, whatever the space happens to be -- for you, it would be media. For me, it would be angel investing -- their approach and resolve and problem-solving leadership ability, these are the things that matter. We have to re-optimize the school systems for those things and even if we do, the fact is, we are going to live in a world with much less employment and that's going to be a scary thing for everybody, independent of party mines, so I know this show gets a little political at times, but when you look at just the world and the flattening of the world, which means hey, everybody is going to trend towards the same arrow we wage at some point, and that is happening, and there's too many workers in the world, we are going to live in a negative job economy.

GLENN: What does that mean? I was just talking to my son last night. He's 10. We were talking about great cars. I said when you are my age, you will tell your kid, when they are your age now that you remember when your dad drove cars, and you drove a car, but you probably won't -- you may live in a world where you are not allowed to drive a car anymore. And as I was having this conversation, what I really wanted to say to him -- and by the way, it will be a scary world, because by the time you get out of college, if you go, 50% of all the jobs that are currently available, are going to be gone. I can say that, but I don't know what that really looks like. What does that mean, that we are going to be in a much more jobless world?

CALACANIS: You can see what it looks like. If you go to the Middle East, if you go to some of the underperforming European countries, referred to as the pigs, perch gal, Italy, Greece, Spain, and you see what happens when 20-something-year-old males hit 20, 30, 40% unemployment, it means riots in the street. And it could mean people hanging out, drinking coffee all day, getting a stipend from the government, looking for somebody to hate for their lot in life. And having a lack of purpose in life is dangerous. Those are the people who can get picked up presently easily by people who are using religion Todd bad things in the world and drugs and just whatever?

GLENN: So who is doing anything on that?

CALACANIS: Very interesting question. Now you are getting to the heart of it, which is hey, we have a lot of rich people in the world, right? Polarization of wealth is happening. What do the billionaires think? What do the people in true power think, the people running these huge companies? They are staying up late about it. I have had many after night thinking about this issue, and there are some creative solutions. I think we will work it out and we'll be in a beautiful world in the future. What's going to happen, we'll have to-start thinking of creative solutions. I am kind of against this as a workaholic, group up with an Irish-Catholic for work ethic, we will move to a four-day work week. If you give everybody three days offer, we have created 20% more employment on a mass basis. Another one, double the number of teachers, double the number of health care workers. And you do that, then the number -- amount of time they each have to have with each of the people that are working with would double or triple. Those would be good things for society. Of course, if you say anything creative like that in the environment that we live in -- and you are part of that environment as someone who talks about this at stuff -- you have to be careful. If I said that, oh, you are a socialist. I would say I don't know what you mean by that word in this context N 2015, but the world is moving awfully quick. When a lot of people are under employed and you see Operation Wall Street, that was like our little preview of what happens when a group of people gets disenfranchised. That was a completely ad hoc poorly run organization. That's why none of us are thinking about it all that much today, but they had a great moment in New York -- I mean effective. I'm not endorsing it necessarily -- but they went to Bloomberg's house, put 30, 40 people out of his town house and started protesting. When that happens, someone like Mike Bloomberg will be like if you are taking it to my front porch and I have to deal with this, okay, that four day work week thing works well. Or let's think about -- the really scary one, which I was dead set guest, now I am kind of starting to think about, is minimum income. This is a super-interesting --

GLENN: Whoa.

CALACANIS: I know you are thinking -- what minimum income means is cancel all the social programs and just give everybody innocent country $1,000 a month. If all the social programs -- we have 300 million people, equals this amount of dollars, just give everyone $1,000 a month. Then, rich people get it too. Everybody gets it. You could probably waive it or something, but at least your rent and your health care, whatever would be paid for. Not necessarily endorsing its, but if we got to 40% unemployment and had to figure out what to do with everybody, oh, my God -- this is probably at the end of our lifetimes.

GLENN: This is -- I will tell you, this is something we do -- this is the kind of thinking that I think middle America needs to start hearing. Instead of just hearing the stat, there's going to be a loss of 50% of jobs buy the year 2025, someone has to start talking about what does that really mean. What does that look like. And what do people do? Because that's the -- what's happening right now, I think we are being led by the elites, and it's because nobody is talking about this with regular people. So they just -- we are just fed this technology and just like oh, we have this technology, but no one is thinking about the ethics of it, no one is thinking about the consequences of it, no one is thinking about what it means when it starts to punch in and what it means for our children, my child, who is 10, when they are 25. What does the world look like? Not the way it looks now.

CALACANIS: It will be completely different. If we put ourselves back in time when we were kid, 40 years ago, 50 years ago, whatever it might be, the idea that you didn't work for one company for your entire life and pick that company and get a gold watch an get a pension would be terrorizing, but we don't have pensions today and we don't stay with the same company. There's upside as well. You could go out on your own and be like I don't want to work for a big network or big radio conglomerate. That's the freedom you have got front this unbundling of society and moving away from the control state, where you have this limited number of options. The unbundling -- and you having all this freedom to do whatever you want, the Internet and technology treeing you also means that yeah, the old structures are gone. The unions are gone. We have to have this many people build a car, because a union person said that's how many people its takes to build a car, as opposed to an expert telling us. That's changed.

GLENN: The real challenge here is, if you really do have freedom and the state is not in control of everybody's health, insurance, information, and they have clamped down as a totalitarian state to keep control, then I think we have a chance. But I'm afraid of the growth of the state at the same time, because while people don't like to lose power, governments certainly don't like to lose power.

CALACANIS: One of the things -- I think that interesting is the technology industry -- not endorsing, where observing -- kind of taking over the government and having a big say, just like some of the big industrial companies did for the last 100 years. So Megan Smith previously worked at Google. I'm friendly with her. You will see Sheryl Sandberg, COO of Facebook, I think you will see her take a cabinet position in Hillary wins, which looks like she's got a pretty good shot. And so I think you are going to see the technology industry be very involved in government more.

GLENN: Which I have to tell you, scares --

CALACANIS: We're coming.

GLENN: I know.

CALACANIS: We have the money to pay the politicians.

GLENN: I know.

CALACANIS: You know how this thing works.

GLENN: I do. And the idea that it becomes cozy bed fellows with everybody having a back door is really disturbing. The NSA is very disturbing.

STU: Can I ask a more important question here? How the hell did you get the Twitter name @jason?

CALACANIS: Good story. I'm at brunch with my friend Evan and Biz Stone. He created a blogging company. And I was in blogging. And he said look. Biz will tell you he's -- I will tell you I'm having the oatmeal, and you tell everybody you are having the pancakes. The SMS -- it was all SMS-based at that point -- shows what you had.

I looked at him and said Evan, you are going backwards in your career. Look, you took this post and got rid of the blog. Do you realize every idiot in America is going to start telling us what they think in a -- can I curse on this show? I was about to say the F word. It's not even a full sentence. It's a fragment. This is going to be a cacophony of idiotcy. I would never invest in something with a name such as Twitter. That's when you learn nobody knows. And if you think you know, you don't. Therefore --

GLENN: I would love to have you on again. I would love to -- in San Francisco, it should be quite interesting with two of us in San Francisco, taught about what future holds. Thank you so how much. Jason Calacanis. Launchfestival.com is the web site and thisweekinstartups.com.

The Senate Judiciary Committee was set to vote on subpoenas to compel Twitter CEO Jack Dorsey and Facebook CEO Mark Zuckerberg to testify on alleged censorship and bias across their platforms. But that all changed when Republican committee members "expressed reservation about the maneuver," Politico reports.

Sen. Ted Cruz (R-Texas), who chairs Judiciary's Subcommittee on the Constitution, was definitely not one of the committee members with cold feet. On the radio program Tuesday, he told Glenn Beck that he's fighting "vociferously" to ensure Dorsey and others testify before the November 3rd election.

"Jack Dorsey and Mark Zuckerberg are both going to testify. They're are going to testify in person. They're going to testify before Election Day. That's what I think should happen," Cruz said. "That's what I'm fighting vociferously to happen. Right now, the companies are negotiating with the chairman's office to discuss terms to come voluntarily. I don't give a damn whether they come voluntarily or under subpoena. They need to testify in person and answer questions for the American people about why they are trying to steal this election, to suppress the free speech, and to censor the press."

The subpoenas would require Big Tech leaders to testify on the alleged "suppression and/or censorship" of two consecutive blockbuster stories from the New York Post. The first story was about emails that allegedly came from Hunter Biden's computer which are currently being investigated by the FBI, and the second was based on additional emails that allegedly showed communist China directly offering millions of dollars to then-Vice President Joe Biden.

"Big Tech stepped in, and they've done something they've never done before," Cruz explained. "We know that Big Tech has been censoring individual conservatives, trying to suppress conservative speech. But the step they took here is, they blocked if any individual user tried to share either of the New York Post stories, [they] were blocked ... Sharing a news story, from a major media outlet is part of democracy, part of free speech. And not only that, they blocked the New York Post itself. Right now, today, the New York Post is not being allowed to post its own damn stories on corruption. This is ridiculous. It's a threshold that's never been crossed before, of Silicon Valley oligarchs declaring the authority to determine what the press is allowed to report, and who is allowed to see it."

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If we learned nothing from the media over the past 4 years it's that colluding with a foreign entity to either win an election or for personal gain is absolutely grotesque. Well, that depends on whether you have a (D) or (R) before your name anyway. President Trump was impeached on rumor and innuendo yet Joe Biden has all but skated on his corruption up to this point.

Below is a timeline that shows the level of corruption and the lengths the Biden's went to in order to build that family's wealth and influence internationally.

2009

In 2009, Joe Biden was the brand-new Vice President and John Kerry was a U.S. Senator. Just five months after Joe was sworn in, his son Hunter, and Kerry's stepson, Christopher Heinz, formed an international private equity firm called Rosemont Capital. It had several different branches, including one called Rosemont Seneca Partners.

2010

Just nine months after Rosemont Seneca opened its doors, Hunter Biden went to China for meetings with executives from China's biggest banks, and its sovereign wealth and social security funds. That's unheard-of access for a brand-new firm. Was it just coincidence that at the same time Hunter was meeting these Chinese bigwigs, his dad was meeting with China's then-president Hu Jintao in Washington DC at a nuclear security summit?

2011

In May 2011, Joe Biden met with Chinese officials for the U.S.-China Strategic & Economic Dialogue conference in Washington. Just two weeks later, Hunter Biden went to Taiwan for meetings with the same Chinese financial giants he'd met in China in 2010, plus some new ones.

2013

By December 2013, Joe Biden was enjoying his second term as VP, and John Kerry was now Secretary of State. That's when Joe traveled to Beijing on an extended official trip and Hunter traveled with him on Air Force Two.

During their stay, Vice President Biden met with President Xi and Hunter was mostly out of sight. We don't know exactly what he was up to, but the deal finalized between Rosemont Seneca and the Bank of China just ten days after the Bidens' trip pretty much gives it away. The most powerful financial institution in China formed a joint venture with tiny Rosemont Seneca to create a giant new investment firm called Bohai Harvest RST – the "RS" stands for Rosemont Seneca.

The firm is often called "BHR" for short.

Hunter Biden was a member of the Board. Remember, the Bank of China is government-owned, which means its business is completely intertwined with the goals of the Chinese Communist Party. BHR also got the freedom to operate in the newly created Shanghai Free-Trade Zone where, over the next six years, it would use $2.5 billion of Chinese government money to invest in China, as well as in other countries, including the U.S.

During their Beijing trip, Hunter also introduced Jonathan Li to his dad. Li is Hunter's business partner – he's CEO and Director of BHR.

Hunter arranged for Joe to meet Li in the lobby of the hotel where they stayed during their Beijing trip.

2014

In 2014, one of BHR's first major investments was in the China General Nuclear Power Corporation.

CGN is a Chinese government-owned nuclear power company that sold off a stake of the company to outside investors. Problem is, CGN was under FBI investigation for paying informants in the U.S. to steal nuclear secrets.

In 2016, the FBI arrested the ringleader of this nuclear espionage, a man named Allen Ho.

When they arrested Ho, he was using a random code generator to access funds being provided to him from – where else? – the Bank of China.

Yet while this FBI probe was going on, the son of the Vice President owned a stake in the company being investigated. And even after arrests were made, Rosemont Seneca did not alter its relationship with BHR, nor did it divest from CGN, even though it was stealing U.S. nuclear secrets.

2015

In 2015, BHR partnered with the Aviation Industry Corporation of China (AVIC) to buy an American company called Henniges for $600 million.

AVIC is a gigantic military contractor in China – think Lockheed Martin – that makes fighter jets, bombers and drones. BHR bought 49% of Henniges and AVIC bought 51%.

Henniges is a precision parts manufacturer specializing in anti-vibration technology. The stuff they make is known as "dual use" by the U.S. State Department, which means the technology can also have a military application.

Because of that, the deal had to be approved by the Committee on Foreign Investment in the U.S. (CFIUS) since it could have national security implications. The thing is, the American side of BHR – meaning Hunter Biden and his pals – had to know there were serious national security implications with AVIC.

The year before they formed a partnership with AVIC, the Wall Street Journal reported how AVIC stole technology related to the U.S. Air Force's F-35 stealth fighter and used it in its own stealth fighter for the Chinese.

How the Committee on Foreign Investment approved that deal remains a mystery. CFIUS does not publicly disclose any information regarding its decisions. Their findings are not publicly announced.

Interesting that China accounted for the largest share – with 74 transactions – approved by CFIUS during Obama's second term (2013-2015).

Under the umbrella of Rosemont Capital was a real estate company called Rosemont Realty. In 2015, a Chinese company called Gemini Investments bought a 75% stake in Rosemont Realty. The company was renamed Gemini Rosemont

Gemini brought $3 billion to the partnership with Rosemont, with the aim of buying "Class A institutional-quality commercial office properties in U.S. markets."

Red flag (literally) – Gemini Investments is a subsidiary of the China Ocean Shipping Company, a.k.a., "COSCO."

COSCO is a Chinese government-owned company. Its headquarters in Beijing is actually next to the headquarters of the Bank of China. COSCO is well-known for its close military ties. It's essentially a branch of the Chinese Navy.

2017

In 2017, BHR invested in Face++. That's the facial recognition phone app built by a Chinese company that is incorporated in a separate app built by the Chinese government. Police in the Xinjiang [Sin-jong] region of China use that app to keep tabs on citizens, and track and detain Uiguhr [Wee-ger] Muslims.

The app allows police easy access to data about Chinese Muslims including things like religious activity, blood type, and even the amount of electricity they use.

2018

In March 2018, a spokesman (Chris Bastardi) for Christopher Heinz (John Kerry's stepson) emailed The Hill to say that Heinz had "no operating role" in Rosemont Seneca, and that he was not involved in any of Rosemont's deals in China (which contradicts Schweizer's report in his book Secret Empires).

Chris Heinz was involved in Rosemont Capital. Rosemont Seneca was established under the same GP as Rosemont Capital, but Chris Heinz had no operating role in it. Chris and his family have no financial interest or investment in Bohai Harvest RST, he has never traveled to China, and he has never met with the firm's Chinese management team or investors.

2019

In October 2019, Hunter Biden's lawyer, George Mesires, said Hunter did not conduct any business on that 2013 trip to Beijing with his Dad.

Mesires said the timing of BHR's business license getting approved was purely coincidental because the paperwork had been submitted months before the Bidens' China trip.

According to Hunter's lawyer, the approval " was not related in any way, shape or form to Hunter's visit."

Hunter Biden finally stepped down from the BHR board last October (2019), but he DID NOT give up his 10% stake in the company.

When Bevan Cooney — the former "junior" business partner to Hunter Biden and Devon Archer — went to jail in 2019, investigative reporter and New York Times bestselling author Peter Schweizer thought he'd never gain access to the damning emails Cooney had promised. That all changed three weeks ago when Schweizer was given complete access to Cooney's gmail account.

Schweizer joined Glenn Beck on the radio program Tuesday to describe just some of the business deals revealed within these emails — like Hunter working with an alleged Russian criminal and with Chinese communists to secure their assets, or to secure one-on-one time with his dad, then-Vice President Joe Biden. And all of this new information is completely separate from the emails allegedly discovered on Hunter Biden's laptop recently reported by the New York Post.

"So, I want to make this clear. This [Cooney's emails] has nothing to do with what's on the laptop … It didn't come from [Rudy] Giuliani. It didn't come from anybody else, right?" Glenn asked Schweizer.

"That's absolutely correct," Schweizer confirmed.

He briefly explained how Cooney, a former Los Angeles nightclub owner, is currently serving a prison sentence for his involvement in a fraudulent business bond scheme with Biden and Archer. From prison, Cooney gave Schweizer written permission to access his Gmail account.

"This is really important," he noted. "We're not looking at printouts. Not looking at PDFs. We're actually in his Gmail accounts themselves, sifting through these emails. And there's a shocking amount of information about deals involving China, involving Russia, involving all sorts of things they were trying to pull off."

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The king of "No Spin" and bestselling author of "Killing Crazy Horse," Bill O'Reilly joined Glenn Beck on this week's podcast to talk about the latest developments in Joe Biden's Ukraine and China corruption scandal. Now that some of the details are finally coming out in the open, does the average Democrat care? Maybe, but the Left doesn't seem to.

O'Reilly argued there's more hatred for President Donald Trump now than in 2016, and that some people hate President Trump so much that they'd rather vote for the "senile, corrupt" Joe Biden.

"Hunter got tens of millions of dollars from Ukraine, from Russia, from China because his father was vice president. I have no doubt in my mind," O'Reilly said. "But the hatred for Donald Trump overrides that in the minds of millions of viewers. They're saying, 'You know, we'd rather have the senile corrupt guy than Trump.'"

Asked by Glenn if any other Republican running for president would be met with the same level of vitriol, O'Reilly answered, "The Left is the Left. They don't like America. The want to redo the Constitution. They want to take some of our freedoms, like the Second Amendment and the First Amendment, and change them. And they want to destroy capitalism and replace it with a big centralized government in Washington that controls the economy … but I'm talking about the folks. I have liberal friends and I say to them, 'Do you not understand that when you vote for Biden, you're voting against your own self interest?'"

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