Liberal Professor Robert Reich Inadvertently Endorses Ted Cruz

February 22, 2016

Writer

A new two-minute video from liberal professor and political commentator Robert Reich backfired in delivering its intended message: Ted Cruz is more dangerous than Donald Trump.

Instead, Reich inadvertently made the case that Cruz is a better presidential choice for conservatives due to his "strict, originalist view" of the Constitution. Reich, who believes Bernie Sanders' economic proposals would spur growth, may have delivered the best endorsement yet for electing Cruz.

"There is a video explaining why Ted Cruz is more dangerous than Donald Trump, and I'm watching this, and I'm thinking, 'You got to be kidding me, right? I mean, did Ted Cruz write this?' It is phenomenal," Glenn said Monday on The Glenn Beck Program. "I never saw anything like it. I saw Ted last night, and I said, 'You need to run this at all of your rallies.' Here is a guy on the left making the case to his followers why anyone, but Ted Cruz should win."

Here are Reich's four reasons why Ted Cruz is more dangerous that Donald Trump:

Number One

• Cruz is more fanatical, a fierce ideologue who takes a strict, originalist view of the meaning of the Constitution. He denies the existence of man-made climate change, rejects same-sex marriage, wants to abolish the Internal Revenue Service, believes the Second Amendment guarantees everyone a right to guns, doesn't believe in a constitutional divide between church and state, favors the death penalty, rejects immigration reform and demands the repeal of Obamacare.

• Trump is a bully, but he doesn't adhere to any sharp, ideological line.

Number Two

• Cruz is a true believer, embracing right wing economic and political views.

• Donald Trump has no firm principles, except making money, getting attention and gaining power.

Number Three

• Cruz is more disciplined and strategic, using a clear script and a carefully crafted strategy. He plays the long game, as he's shown in Iowa.

• Trump is all over the place, often winging it saying whatever pops into his mind.

Number Four

• Cruz is a loner who is willing to destroy institutions. His opposition to Obamacare led in a significant way to the shutdown of the federal government.

• Trump has spent his career using the federal government and making friends with big shots.

There's never been a more glowing endorsement for a conservative candidate. Thank you, Robert Reich.

Below is a rush transcript of this segment, it might contain errors:

GLENN: From Las Vegas, Nevada. It was the weekend of South Carolina and Nevada. Trump and Hillary both claimed victory. In a matchup between Hillary and Trump, which one does America want? Actually let me revise that. In a matchup between Hillary and a Hillary donor, which one does America want? And what do the exit polls actually say from South Carolina? Plus, an amazing video from Robert Reich, you know, the guy from the left, the big Clinton supporter. It is the most powerful campaign ad I have ever seen. The problem is: He was trying to make an anti-campaign ad for somebody. We begin there, right now.

(music)

GLENN: From Las Vegas, Nevada. So glad that you've turned in. Hello, America. Welcome to the Glenn Beck Program.

Yesterday, I saw an -- a saw a video on YouTube from Robert Reich. Robert Reich is -- I don't know. He's a bizarre economist with the Clinton campaign -- or, has been with the Clinton campaign for many, many years. Been with Bill Clinton and is a guy who is absolutely upside down and does not agree with the right at all. Conservatives are, you know, the Antichrist to him.

There is a video explaining why Ted Cruz is more dangerous than Donald Trump. And I'm watching this, and I'm thinking, "You got to be kidding me, right? I mean, did Ted Cruz write this?" It is phenomenal.

PAT: I thought the same.

GLENN: Right. I never saw anything like it. I saw Ted last night, and I said, "You need to run this at all of your rallies." Here is a guy on the left making the case to his followers why anyone, but Ted Cruz should win. Listen to this.

ROBERT: Four reasons Ted Cruz is even more dangerous than Donald Trump.

Number one, Cruz is more fanatical. Now, Trump is a bully, but he doesn't adhere to any sharp ideological line. Cruz is a fierce ideologue. He denies the existence of man-made climate change, rejects same-sex marriage, wants to abolish the Internal Revenue Service.

PAT: Is that a bad thing for anyone?

GLENN: Yeah. I know. He wants to abolish the IRS. No.

PAT: Oh, no. No. No. I didn't realize that about him.

ROBERT: Believes the Second Amendment guarantees everyone a right to guns.

PAT: Yes, it's the Second Amendment.

(chuckling)

GLENN: And the Supreme Court.

PAT: Yeah. Yeah.

ROBERT: He doesn't believe in a constitutional divide between church and state.

PAT: Yeah, and neither does the Constitution, by the way.

ROBERT: Favors the death penalty. Rejects immigration reform. Demands the repeal of Obamacare. And Cruz takes a strict, originalist view of the meaning of the Constitution.

(gasping)

GLENN: Okay. Stop. Stop.

PAT: No!

GLENN: So far, I'm like, "He's my guy."

PAT: Yeah.

GLENN: I mean, I've never heard anything -- but it gets better. Wait. There's more.

ROBERT: Cruz is a true believer.

Donald Trump has no firm principles, except making money, getting attention, and gaining power. Cruz has much of his life embracing radical right economic and political views.

Number three --

PAT: Wow. Wow.

GLENN: Stop. Okay. So Cruz -- look, Donald Trump, he doesn't actually believe in anything, except himself and making money and everything else. But Cruz has actually spent his life really embracing these things. And they're all crazy.

PAT: Uh-huh. It's incredible. I mean, this seriously should be a campaign ad for Ted Cruz. For sure.

ROBERT: Discipline and strategic --

GLENN: Stop. Stop. Stop.

PAT: More disciplined. Strategic --

GLENN: Here's point number three: Cruz is disciplined and strategic, where Trump is just all over the place.

PAT: Yes. Uh-huh.

ROBERT: -- winging it, saying whatever pops into his mind. Cruz uses a clear script and a carefully crafted strategy. He plays the long game, as he has shown in Iowa. And fourth and finally, Cruz is a loner willing to destroy institutions. Trump has spent his career using the federal government and making friends with big HEP shots.

PAT: Can you -- he spent his career using the government.

GLENN: Okay. Here's an example of this. And this is the kind of stuff, guys, that you're going to see --

PAT: Wow.

GLENN: This is what you're going to see in the mainstream media come July if Donald Trump is the candidate.

PAT: Yep.

GLENN: Try this one on for size. Donald Trump said, you know, you remember when Donald Trump did this big deal. And this is exactly how it will be presented on NBC.

Remember when he said that -- oh, you know, how dare you say -- I had friends that died in the World Trade Center. So far -- and this is the way, again, the media will portray this. So far, NBC has reached out to the Trump campaign several times and cannot get one name of anybody that Donald Trump was friends with. We also looked at the records, and there is no record of Donald Trump attending any funerals for any individual after 9/11.

Okay. The press has already done that. But they haven't stood on it. But here comes the hammer. Donald Trump owns 40 Wall Street, a building worth $400 million. And on paper, is making $26.5 million every year. Donald Trump, after the government put together a package for small businesses to help those mom-and-pop stores in lower Manhattan that had been damaged or hurt by September 11th, Donald Trump and 40 Wall Street filed a claim to try to get money out of the small business fund.

He actually -- a business that makes $26.5 million a year. $20 million over the limit, somehow or another was able to receive a grant of $150,000, taking that $150,000 from the mom-and-pop small businesses that truly needed it. Brian, back to you.

That's exactly how it's going to happen. That's exactly what's going to happen.

Here's Donald Trump. And this is what Robert Reich was saying. He has spent his career taking money from the government. We know this because of the documentaries we have seen. And some of them are now posted. Documentaries that Donald Trump got shut down back in the '90s that are now starting to pop up on the news because he can't muscle NBC. He can't muscle ABC. The internet is there.

And now you're seeing in some of these documentaries how he built his business. He would go to the government and get subsidies for all his business. So what Robert Reich is saying here, "This isn't a guy who will shut down all the subsidies. This is a guy who uses the subsidies to get wealthy." This is exactly what America -- and I'm going to make a point today, and you're not going to like it. But I am going to make a point that there is a revolution coming in the next eight years. There is a revolution actually happening right now. But it is a velvet revolution. And if we choose wrong, it will not be a velvet revolution. If we stay the course and we continue down the road with corrupt crony capitalism and corrupt -- quite honestly, the kind of politics that the left is dealing in right now, where Hillary Clinton has all the superdelegates, so it doesn't really matter what the people say. The people are voting for -- for Bernie Sanders, and it is a virtual dead HEP heat between those two. But somehow or another, she wins six coin tosses, and here in Nevada, she wins the delegates by flipping over cards: He got a six. She got an ace. She gets the delegates. Your vote really doesn't matter with the left. It doesn't matter at all.

And those kinds of things where we're undermining democracy and we're undermining the confidence in true, decent, honest, and honorable capitalism is not going to last. And that's what's happening. And this is what Robert Reich is holding up and saying is a good thing. Why? Because de Tocqueville was right.

De Tocqueville, the guy who wrote Democracy in America back in the 1800s, a Frenchman who came over to America and said, "What is it that makes them special? Why is it that they are being able to cross all of these lines and hurdles and jump all these hurdles? Why is it this little teeny country is starting to explode?" And he said, "Because America is great because America is good." They had certain fundamental principles that they never violated. And the people were good and honorable and decent.

And we've lost that. And that's what -- that's where this anger is coming from. People are tired from saying, "Wait a minute. Hillary Clinton should be in jail. She shouldn't be on the campaign trail. She should be in jail." And I would like to say that those on the right would say the same thing if it was their candidate. But we wouldn't. Polls are now showing that we play the same game the left does. All of this bullcrap, quite frankly, that we all said to each other over the last eight years, "It's not about -- it's about principles. It's about the Constitution. It's about these principles they're taking and destroying." Now what are people saying? "My guy can play that game even better than they can. And I'm tired of playing by the rules."

You read my Facebook. I have never seen anything like what I'm reading on my Facebook page now: Story after story after story of people saying, "You know what, I'm tired of playing by the rules. I'm tired of being stepped on. I'm tired of having everybody win except for us. The ends justify the means. If they're not going to play by the rules, I'm not going to play by the rules."

And the problem with that is, America, you might win the game, but you're going to lose your soul. You're going to lose what made America great in the first place. You cannot play by that, unless you want to fundamentally transform the United States of America.

So let's finish this Robert Reich video.

PAT: Yeah.

ROBERT: Cruz. He's repeatedly led Republicans toward fiscal cliffs. In the fall of 2013, his opposition to Obamacare led in a significant way to the shutdown of the federal government.

PAT: No, it didn't.

ROBERT: Both men would be disastrous for America, but Ted Cruz would be the larger disaster.

(chuckling)

STU: Brought to you by the Ted Cruz campaign.

PAT: Yes.

GLENN: Can we play one more time without interrupting it. Because it's so powerful in a minute a half.

PAT: Yeah. Yeah.

ROBERT: Four reasons Ted Cruz is even more dangerous than Donald Trump: Number one, Cruz is more fanatical. Now, Trump is a bully, but he doesn't adhere to any sharp, ideological line. Cruz is a fierce ideologue. He denies the existence of man-made climate change, rejects same-sex marriage, wants to abolish the Internal Revenue Service, believes the Second Amendment guarantees everyone a right to guns. He doesn't believe in a constitutional divide between church and state. Favors the death penalty. Rejects immigration reform. Demands the repeal of Obamacare. And Cruz takes a strict, originalist view of the meaning of the Constitution.

Second, Cruz is a true believer. Donald Trump has no firm principles, except making money, getting attention, and gaining power. But Cruz has spent much of his life embracing radical right economic and political views.

Number three, Cruz is more disciplined and strategic. Trump is all over the place, often winging it saying whatever pops into his mind. Cruz uses a clear script and a carefully crafted strategy. He plays the long game, as he's shown in Iowa.

And fourth and finally, Cruz is a loner who is willing to destroy institutions. Trump has spent his career using the federal government and making friends with big shots. Not Cruz. He's repeatedly led Republicans toward fiscal cliffs.

In the fall of 2013, his opposition to Obamacare led in a significant way to the shutdown of the federal government. Both men would be disastrous for America, but Ted Cruz would be the larger disaster.

PAT: That is --

GLENN: I'm Ted Cruz. And I approve this message.

PAT: Yes.

GLENN: That's what super PACs should be playing right now.

PAT: Yes. Yes. Wow.

GLENN: I mean, that is the most powerful endorsement of Ted Cruz I've ever heard from Robert Reich.

Featured Image: Former U.S. Labor Secretary Robert Reich (L) testifies before the Joint Economic Committee January 16, 2014 in Washington, DC. Reich joined a panel testifying on the topic of 'Income Inequality in the United States.Ó (Photo by Win McNamee/Getty Images)

The Left's war on Tesla owners

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Across the country, Teslas are being torched by the very people who, just a few years ago, championed them as the future of sustainable transportation.

Recently, Glenn highlighted the heinous actions targeting Tesla owners and dealerships. He reached the same conclusion as U.S. Attorney General Pam Bondi: these are acts of domestic terrorism. Tesla owners are being doxxed; a dealership in Las Vegas was firebombed, vandalized, and shot at. Similar attacks have struck South Carolina, Oregon, and Colorado, where Molotov cocktails destroyed multiple Tesla vehicles.

But this isn’t really about cars—it’s a symptom of a deeper rot that has eroded any principles the Left once held. Just as they celebrated the murder of UnitedHealthcare CEO Brian Thompson, the attacks on Tesla reflect a lust for destruction—a self-righteous anger that disregards decency and the sanctity of life.

For them, the ends justify the means.

A Pattern of Lawlessness

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The attacks on Tesla owners and dealerships aren’t random; they form an emerging pattern that exposes the Left’s true motives.

A quick look at the alleged grievances of the protesters, vandals, and arsonists harassing electric vehicles and their owners reveals a thin veneer masking their deeds. Their motives range from semi-rational—disagreeing with Elon Musk’s actions and the goals of DOGE —to outlandish, like labeling Musk a Nazi or fascist. Yet, rational or not, their actions far outweigh the severity of their complaints. Their crimes include keying and spray-painting privately owned Teslas, vandalizing dealerships (including firing rounds into a Tesla service center in Las Vegas), and using Molotov cocktails to ignite Teslas in cities nationwide. As noted, these aren’t the acts of disgruntled voters but of domestic terrorists.

Glenn recently tied this Tesla terrorism to the brutal murder of UnitedHealthcare CEO Brian Thompson last December. Just as liberals rejoice over burning Teslas today, they cheered when Thompson was gunned down in New York’s streets, leaving his children fatherless days before Christmas. Much like the Tesla attacks, the Left justified their jubilation with half-baked critiques of the U.S. healthcare system, sandwiched between callous jokes about the slain CEO. It’s not about cars or insurance—it runs deeper.

Hypocrisy Exposed

TOBIAS SCHWARZ / Contributor | Getty Images

Rules for thee, not for me.

This theme keeps resurfacing. Remember when the Left was obsessed with climate change? “It’s the biggest threat to humanity,” they declared, warning we couldn’t drive cars or eat beef because their emissions would doom us all. They once praised Musk, hailing Tesla as the future of transportation. But now that Musk defies their ever-shifting liberal orthodoxy, Tesla must die—environment be damned. It’s a replay of the pandemic’s peak: while they preached staying home, wearing double masks, keeping six feet apart, and “following the science,” they burned, looted, and rioted through nearly every major U.S. city—rules for thee, not for me.

Owning a Tesla no longer earns eco-warrior cred—it marks you as a closet Nazi, liable to get your car keyed. The same crowd that once fretted over cow farts endangering the planet now sets electric cars ablaze. One can hardly imagine that the fumes from hundreds of pounds of burning lithium, plastic, and chemicals in a Tesla are eco-friendly.

Tyranny of Anger

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What’s the takeaway? What’s the common thread?

The Left isn’t bound by values—not even their own. Nothing is sacred to them; destruction is all they crave. Climate change, the sanctity of life, and “following the science” are mere excuses for outrage, discarded when they obstruct their lust to destroy. Their twisted ideology preaches that building, improving, or creating is evil—only taking and tearing down matter. They seethe at the sight of creation. From Tesla’s burning hulks to Thompson’s blood on the pavement, their anger trumps your rights every time.

Glenn has been warning of the collapse of our common values for years. If we don’t fight this moral rot and defend the values that built America—law, life, liberty—we’ll lose them to the flames of their rage.

Mexico’s death camps and Santa Muerte cult: signs of a failed state

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Behind the iron gates of Izaguirre Ranch lie buried horrors that reveal the heinous acts committed within its boundaries.

Over the weekend, the volunteer group Buscadores Guerreros de Jalisco Collective, dedicated to finding missing people, uncovered human remains at the now-abandoned ranch after receiving a tip about a mass grave. Their grim discovery included more than 200 pairs of shoes, clothes, suitcases, farewell letters, and children’s toys buried among cremation ovens and fire-scorched bone fragments. No official count of victims has been released, nor have any bodies been identified, but the sheer volume of artifacts suggests hundreds may lie within the mass grave. Perhaps most disturbing is that local police raided the ranch just months earlier, in September 2024, making arrests and freeing two hostages—yet failed to detect (or deliberately ignored) the gruesome scene beneath their feet.

Earlier this week Glenn covered this story on air and explained that this is the sad reality in Mexico: missing people and mass graves are becoming normalized. Since 2006, more than 90,000 individuals have vanished, with cartels and other malicious groups presumed responsible. The Mexican government offers little help, often conspiring with these cartels to perpetrate and conceal these crimes.

Mexico is being devoured by a festering evil within its borders. No longer the land of tacos and beaches, it’s a place where the dead don’t rest, and the living can’t escape.

The Death Camps

HERIKA MARTINEZ / Contributor | Getty Images

The full scale of the atrocities at Izaguirre Ranch may never be known. It’s believed the Jalisco New Generation Cartel (CJNG) used the site as a training facility for recruits. The role of the victims buried there remains unclear, but their fate was undoubtedly nightmarish.

Izaguirre is not an isolated case. In 2022, an abandoned house near Nuevo Laredo was found concealing charred human remains, with one room blanketed by two feet of compacted ashes and bone fragments. In 2009, a man in Baja California nicknamed “Pozolero” or “The Stewmaker,” confessed to dissolving up to 300 bodies in lye for his drug-lord boss, disposing of the remains in dumps or graves—a task he wasn’t alone in performing.

These sites are just the beginning. Dozens of similar mass graves have been identified across Mexico. This isn’t the mark of a healthy country—it’s a hallmark of nations engulfed in war or gripped by dark forces. The Mexican government has lost control, leaving chaos to reign.

The Corruption

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Does anyone in Mexico’s government still serve its people?

The scale of these atrocities can’t be dismissed as mere incompetence—complicity is evident. From local police overlooking the mass grave at Izaguirre Ranch to active conspiracy with cartels, such as in the case of a 2014 mass abduction, the evidence is damning. In 2014, 43 students in Guerrero were abducted and presumed killed, with independent investigations implicating police, military, and courts in the crime.

Glenn has uncovered further proof of corruption: the Mexican military is arming the cartels. An ATF whistleblower recently revealed that, despite Mexico’s claims that U.S. manufacturers supply cartel weapons, these firearms are first sold to the Mexican military by the U.S. government—only to be resold to the cartels. Add to this countless bribes and hush money, and it’s clear why Mexico’s soft stance has allowed cartels to seize control of the country.

The Cult of Death

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Perhaps the most terrifying sign of Mexico’s collapse is the rise of the Santa Muerte cult, or “Holy Death.” This cult venerates a skeletal figure—often robed in red or black, wielding a scythe and scales—promising protection amid Mexico’s harsh realities. Since the early 2000s, Santa Muerte has grown to seven million followers. Once a fringe belief, it’s now a mainstream force, filling the void left by a government too weak to shield its people.

While this mass embrace of death worship is alarming, its adoption by cartels is horrifying. Rather than seeking protection from violence, cartels offer bloody sacrifices to Santa Muerte—pyramids of burnt heads, ritual disembowelments, and grisly rites—to embolden their atrocities.

Temples and altars honoring death dot the landscape, signaling the decay of Mexico’s soul. This isn’t just superstition—it’s a dark religion fueling a nation’s descent into chaos.

Conclusion

Mass graves, corrupt officials, and a death cult are not anomalies—they’re symptoms of a failed state. Mexico’s government has ceded power to cartels, leaving its people trapped in a nightmare. As Glenn has warned, this isn’t just a distant tragedy—it’s a wake-up call for Americans. This isn’t just an issue south of the border; it’s a warning to America about the cost of ignoring evil at our doorstep.

Trump's 3 BIGGEST border victories

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The Southern Border is healing!

Just hours after his inauguration on January 20, 2025, President Donald Trump declared a national emergency at the southern border. A little over a month later, the tide of migrants pouring into the United States has been significantly stemmed. Trump is delivering on his major campaign promises: stopping illegal crossings, rolling back Biden-era border policies, and using every available resource to fortify the border against future challenges.

In his recent congressional speech, Trump highlighted these border security successes—achievements often overshadowed by the flood of other news stories this past month. To spotlight this monumental progress, we’ve compiled a list of Trump’s three most significant border victories.

1. Significantly reduced border encounters

ANDREW CABALLERO-REYNOLDS / Contributor | Getty Images

When Trump took office, it was clear—the sheriff was back in town. According to the Department of Homeland Security, daily border encounters have plummeted by 93 percent since his inauguration. Meanwhile, Immigration and Customs Enforcement has ramped up its efforts: in the past month alone, ICE doubled arrests of criminal aliens and tripled apprehensions of fugitives at large. This dramatic shift stems from reinstating strict border policies, restoring common-sense enforcement, and unleashing the full capabilities of ICE and Border Patrol.

2. Major policy changes

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President Trump has also made sweeping strides in border policy. He reinstated the “Remain in Mexico” policy, requiring immigrants to wait in Mexico during their immigration proceedings instead of being released into the U.S. He also terminated the controversial “catch and release” practice, which had allowed millions of illegal immigrants to stay in the country pending court dates. Additionally, Trump signed the Laken Riley Act, mandating detention for all illegal immigrants accused of serious crimes.

Another key victory was designating cartels like MS-13 and Tren de Aragua as terrorist organizations. This classification empowers law enforcement and border agencies to tackle these ruthless gangs with the seriousness and resources they demand.

3. Deployed major muscle

John Moore / Staff | Getty Images

Trump is doubling down on border security—and he’s not holding back. He deployed 1,500 U.S. troops to secure the southern border and restarted construction of the border wall. Among the forces sent is a Stryker Brigade, a rapid-response, high-tech mechanized infantry unit equipped with armored ground and air vehicles. This brigade’s mobility and long-range capabilities make it ideal for patrolling the rugged, remote stretches of the border.

Fort Knox exposed: Is America's gold MISSING?

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President Trump promised that we would get a peek inside Fort Knox, but are we ready for what we might find?

In this new era of radical transparency, the possibility that the Deep State's darkest secrets could be exposed has many desperate for answers to old questions. Recently, Glenn has zeroed in on gold, specifically America's gold reserves, which are supposed to be locked away inside the vaults of Fort Knox. According to the government, there are 147.3 million ounces of gold stored within several small secured rooms that are themselves locked behind a massive 22 ton vault door, but the truth is that no one has officially seen this gold since 1953. An audit is long overdue, and President Trump has already shown interest in the idea.

America's gold reserve has been surrounded by suspicion for the better part of a hundred years. It all started in 1933, when FDR effectively nationalized the United States's private gold stores, forcing Americans to sell their gold to the government. This gold was melted down, forged into bars, and stored in the newly constructed U.S. Bullion Depository building at Fort Knox. By 1941, Fort Knox had held 649.6 million ounces of gold—which, you may have noticed, was 502.3 million ounces more than today. We'll come back to that.

By 1944, World War II was ending, and the Allies began planning how to rebuild Europe. The U.N. held a conference in Bretton Woods, New Hampshire, where the USD was established as the world's reserve currency. This meant that any country (though not U.S. citizens) could exchange the USD for gold at the fixed rate of $35 per ounce. Already, you can see where our gold might have gone.

Jump to the 1960s, where Lyndon B. Johnson was busy digging America into a massive debt hole. Between the Vietnam War and Johnson's "Great Society" project, the U.S. was bleeding cash and printing money to keep up. But now Fort Knox no longer held enough physical gold to cover the $35 an ounce rate promised by the Bretton Woods agreement. France took notice of this weakness and began to redeem hundreds of millions of dollars. In the 70s Nixon staunched this gushing wound by halting foreign nations from redeeming dollars for gold, but this had the adverse effect of ending the gold standard.

This brings us to the present, where inflation is through the roof, no one knows how much gold is actually inside Fort Knox, and someone in America has been buying a LOT of gold. Who is buying this gold? Where is it going and for what purpose? Glenn has a few ideas, and one of them is MUCH better than the other:

The path back to gold

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One possibility is that all of this gold that has been flooding into America is in preparation for a shift back to a gold-backed, or partial-gold-backed system. The influx of gold corresponds with a comment recently made by Trump's new Treasury Secretary, Scott Bessent, who said he was going to:

“Monetize the asset side of the U.S. balance sheet for the American people.”

Glenn pointed out that per a 1972 law, the gold in Fort Knox is currently set at a fixed value of $42 an ounce. At the time of this writing, gold was valued at $2,912.09 an ounce, which is more than a 6,800 percent increase. If the U.S. stockpile was revalued to reflect current market prices, it could be used to stabilize the dollar. This could even mean a full, or partial return to the gold standard, depending on the amount of gold currently being imported.

Empty coffers—you will own nothing

Raymond Boyd / Contributor | Getty Images

Unfortunately, Glenn suspects there is another, darker purpose behind the recent gold hubbub.

As mentioned before, the last realaudit of Fort Knox was done under President Eisenhower, in 1953. While the audit passed, a report from the Secretary of the Treasury revealed that a mere 13.6 percent was checked. For the better part of a century, we've had no idea how much gold is present under Fort Knox. After the gold hemorrhage in the 60s, many were suspicious of the status of our gold supply. In the 80s, a wealthy businessman named Edward Durell released over a decade's worth of research that led him to conclude that Fort Knox was all but empty. In short, he claimed that the Federal Reserve had siphoned off all the gold and sold it to Europe.

What would it mean if America's coffers are empty? According to a post by X user Matt Smith that Glenn shared, empty coffers combined with an influx of foreign gold could represent the beginning of a new, controlled economy. We couldstill be headed towards a future where you'll ownnothing.

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