GLENNMarch 15, 2017

Zuhdi Jasser Fires Back: 'Give Us Some Breathing Room'

Dr. Zuhdi Jasser, host of Reform This! on TheBlaze and longtime guest of The Glenn Beck Program, joined Glenn on radio today in response to a provocative article published online by Pam Geller, who went after Dr. Jasser, calling him the “Grand Mufti of the Stealth Jihad.” Largely silenced by the left and mainstream media for not being the "right" kind of Muslim, Dr. Jasser is now under attack from a faction of the far right that doesn't accept the possibility of a moderate interpretation of Islam.

"I admit, Islam has a major problem within it. We're frustrated. It has cancer. We are in the 15th century. But we need at least a little oxygen. Give us some breathing room to say, you know what, maybe reform is possible," Dr. Jasser said.

Enjoy the complimentary clip above or read the transcript below for details.

GLENN: Something came to my attention yesterday, and I wanted to get Zuhdi Jasser on right away. Zuhdi Jasser has been a friend of mine for, I don't even know. Fifteen years, maybe?

He is, I believe, one of the bravest Muslims in America today, one who still practices his faith. There are many people who used to be Muslim who left their faith. He is a guy who still practices his faith and is a reformer, is somebody like Martin Luther, who says we have to reform this.

There is a difference between Islam and Islamists. If you are a Muslim, that's not necessarily a problem. If you're an Islamist, it is always a problem.

Zuhdi Jasser seems to understand this. But apparently, on his radio show on TheBlaze this last weekend, he went off on a few people here in America. Let me give you the -- let me give you just the headline and a little bit of this story.

The Grand Mufti of stealth jihad, Zuhdi Jasser says there's no greater threat than Pamela Geller and her colleagues. This is from Pamela Geller: In one fell swoop, moderate Muslim, in quotation marks, Zuhdi Jasser has dropped a Moab on the most effective counterjihadist in the West. The Grand Mufti of the stealth jihad has devoted an entire episode of his show on TheBlaze network Reform This to smearing me and many of my colleagues, including Robert Spencer, Andrew Bostom, Claire Lopez, John Guandolo, and others as alt-jihadists.

He says there are no greater jihadists than the alt-jihadists when it comes to living in the land of freedom because they seem to want to kill us and knock us off at the knees. Who even knew he had a show on TheBlaze? Why is Glenn Beck giving this vicious saboteur a platform? Wow.

STU: Vicious saboteur. Wow. That's impressive.

GLENN: Yeah.

Frank Gaffney immediately wrote to a group of us whom Jasser targeted, telling us to hold off in the interest of peacemaking. It was striking how quickly Gaffney jumped to Jasser' defense. I've never seen him jump to my defense like that. What a Stepin Fetchit boy Gaffney is for Jasser. It epitomizes how much people who recognize the jihad threat have been fooled into thinking that they have to have a moderate Muslim on board, or their efforts will be criticized by the left as Islamophobic.

So she is making the point that Frank Gaffney is afraid of being called Islamophobic

STU: Oh, yeah. Frank Gaffney seems like he has a lot of fear about being called things. If I were -- yeah, that's his defining characteristic.

GLENN: So let me welcome to the program the Grand Mufti of the stealth jihad, Zuhdi Jasser.

JEFFY: Right.

STU: Or Zuhdi Jasser. One of the two.

GLENN: Yeah, Zuhdi, how are you?

ZUHDI: Great, Glenn. Thank you for having me. Boy, you know, those responses sort of make me feel like I did the right thing by calling these guys out.

You know, I mean, listen, I get it. We're a minority movement. I get it that we're underdogs. But the issue and the reason why I finally needed to speak out, you know, listen, over the last few months, from Stephen Kirby posting on Spencer's website, others. There's two characteristics that need definition of the alt-jihad.

Number one, they view Islam as monolithic, a one-entity, a monopoly. No other ideas within it. And, two, they view reformers as having no hope, as liars. They constantly call me a liar about my scripture that I interpret and reinterpret in a different way from the original Arabic.

So fine. I'm not trying to take away their free speech. I know they're anti-jihad. But how do they differ from the useful idiots on the left who say that Islam is one, it's beautiful. There's nothing wrong with the misogyny in Saudi Arabia. Islam is peaceful. How does that monopoly on Islam being positive, how is their yang not the ying to the saying that Islam is all one and the Mufti of Islam is it and Zuhdis are just aberrations? I mean, they're actually doing the same thing by taking the oxygen out of what we're trying to do in reform. And when there's no hope for our work, we have to call it out.

GLENN: So, Zuhdi, I have to -- I'm sorry I haven't been following this -- this trial that you're going through right now, until last night.

And I tried to figure out what this was about. And apparently, you sent out a declaration of principles to all the mosques or many of the mosques. And you asked them to sign on as -- as cosigners. And many of them didn't. In fact, I think only, what was it? Forty did. And what they're trying to say is, see, Islam is a sham. And there's nobody behind you. When if I have this right, I look at it in a different way. That you are Martin Luther, who has just nailed the demands up on the church door. And they're expecting Martin Luther to have all of the -- how many of the priests decided to join Martin Luther? Well, not very many. Especially at first.

And they would call Martin Luther a failure. Am I reading this right?

ZUHDI: Yeah, pretty close. I think our role model for what I do are John Locke, Thomas Paine, Jefferson. We're trying to create the space for Martin Luthers. I realize I don't have a degree in Sharia, but the reform -- reformation in Europe gave space to the enlightenment scholars to have room to do their work.

When we sent that declaration out, these guys were writing at -- Spencer was publishing Kirby's work that said we were dead on arrival, that basically we were hopeless. And we nailed those declarations out, knowing that the establishment, the Islamic establishment would definitely reject it. But we proved our point.

If they were moderates, they would have signed on. And actually the Islamists on the left would have proven us wrong by saying, "Oh, they are peaceful." Well, no, we proved her right, that Islamists are supremacists. And as Geller says, they're Nazis. But she's not fighting the Naziism of Islamism. She thinks all of Islam is hopeless and a monopoly. And us Muslims are lying that are trying to reform from within.

GLENN: So you're --

ZUHDI: And all we're trying to do --

GLENN: So let me give you a clearer example. She says that she's fighting Naziism. But actually, what she's fighting is all Germans. And if anyone who says I am not a Nazi -- I was fighting against the Nazis, they're automatically lying because all Germans are Nazis.

So anybody who says that they are trying to reform, I'm a peaceful Muslim, even though you're proving the -- the sun shine and lollipops left wrong and saying, "Look, no. These -- these guys are not who the left is saying they are. These -- this is part of the Nazi party. But there are these -- these Germans here that are fighting. But there are many Germans inside of those -- those mosques, if you will, that are only there because they're afraid they're going to be killed by the storm troopers." Am I right on that?

ZUHDI: Exactly. I mean, this is why -- her verbiage, her messaging is exactly what comes out of the supreme counsel of Iran, the Saudi Wahhabis. The Al-Azhar Universities, the establishment that whips and flogs Muslims like myself. In a country where we can do this work, there's actually an alt-jihad movement that is basically doing the bidding of those governments by saying, "Oh, the Mufti of Islam is it. There are no reformers. There is no reform possible." So, therefore, yes, they ignore the fact, Glenn, that we are contrite.

I admit, Islam has a major problem within it. We're frustrated. It has cancer. We are in the 15th century. But we need at least a little oxygen. Give us some breathing room to say, you know what, maybe reform is possible.

But when they say it's terminal -- when John Guandolo posts on his site and says Sebastian Gorka, because he said that reformers need to be supported, is unfit for duty and says that the Jassers of the world are utter nonsense and calls us a fantasy Islam, how does that actually then give us room to operate and let Americans see a solution?

I mean, I'm a doctor. When I see patients that have cancer, I don't just say, oh, that's it. Call a hospice. See you later.

No. Everybody needs hope. Our movement is about hope. We admit we're a minority. But give us some hope, for crying out loud, or else you're part of the alt-jihad.

GLENN: And I see now why you're calling it the alt-jihad because it is part of the alt-right movement. This all-on-nothing, Nazi kind of mentality of the alt-right needs all Muslims to be bad.

ZUHDI: And, you know, I didn't call it right because I think it sort of exists throughout the left and the right in America, that we -- there are two groups on each extreme that view Muslims in a monolith. Either Muslims are all peaceful, no problem, psychiatric or criminal. Or on the other side, they're either terrorists or terrorists in waiting.

And that's not the Islam I teach my kids. Granted, they can say I'm a liar about the narrative of the Prophet Muhammad. But do you think that the Islam I teach my kids demonizes and says the Prophet Muhammad is irredeemable? That's not how you reform Islam.

We have to come up -- call it mythology. Call it what you want. We have to come up with narratives of the Prophet Muhammad that are 21st century narratives and call that reform and renew the branding of Islam to an American type of Islam that's compatible with our Constitution. And if we can't make that distinction, Americans are going to get confused that there's no solution, except this cataclysmic battle against 25 percent of the world's population. And that's just absurd.

GLENN: Tell me one last thing: Is it Ali -- is it Allah Jah Izetbegovic (phonetic)? I don't know how to say it.

STU: Huge fan. We're huge fans.

GLENN: Yeah, huge fan.

Do you know the name? By the way, I butchered it.

ZUHDI: Yes, Alija Izetbegovic. You know, listen, on my podcast, I talked about many scholars that affected me. And Izetbegovic was the president of Bosnia. He was in prison 15 years. He talked about humanism and Islam. You know, was he an Islamist? Yeah, he was. He said, so, listen, I'm not an Islamist. But there's books that affected who I am.

Martin Luther was an anti-Semite. Justin had slaves. There are many people that affected who we are, that had things in their lives -- so then Spencer then publishes that I used an Islamic supremacist as a source of reform. That's absurd. We don't take authors, in toto. We take some of their messages.

I mean, if there was an author I could tell you is a reformer, we would just use him and say, let's follow him. But, no, we had to create or invent the Muslim reform movement that has 30, 40 different scholars that we use to inform what we're doing. Izetbegovic's book, Islam Between East and West, has a defense of secular humanism. The ideas of humanism being central to part of Islamic ideas. I don't buy his declaration. I reject it. Our Muslim reform movement rejects it. But what they want to do is cherrypick things I say to say, oh, that proves that I'm a stealth jihadists. So, therefore, forget the last hundreds of articles and books and speeches I've given, this proves that Jasser is actually lying. I mean, that's not American. That's not --

GLENN: Zuhdi, I have known you -- was I the first national host to bring you to the forefront?

ZUHDI: Absolutely. Back in 2006, on CNN.

GLENN: Okay. So 2006. I've known you since 2006. And I've heard you passionate about many things. I sense something different in your voice this time. A real sense of not despair, but overwhelming frustration here from people who you would hope that would be reasonable. Am I -- am I sensing something here, or is it just hogwash?

ZUHDI: You're right. I mean, I was blessed to have parents that came to the freest country in the world. And I'm getting squeezed from both sides of the political spectrum. And folks that are with me with a common enemy -- I don't care if they believe Islam is evil or whatever as a faith, but at least give us room to operate. And don't say the same things about me that the theocrats of Saudi Arabia and Iran say. Give us a little bit of room. And say, well, okay. Fine. A little benefit of the doubt that maybe there are versions where minority -- and in this country, when I hear this discourse between these two extremes, where are we supposed to operate? It's frustrating.

GLENN: Zuhdi Jasser, I admire you, sir. And if Pamela Geller doesn't know why Glenn Beck gives airtime to this voice, maybe the rest of the country can understand it, in just the last ten minutes. I think you have an important voice that has been silenced by what was the left for most of the last ten years.

And now apparently, being silenced by the right or wanting to be silenced. The alt-right. And it's just as wrong. And I stand with you, Zuhdi. And anything I can do to help expose you to more people, I will do. Anything I can help, I will do. I think you have an important voice. And I sure appreciate your willingness to continue to stand.

ZUHDI: Well, God bless you, thank you, Glenn. Appreciate it. Be well.

GLENN: You bet.

STU: And his podcast is on TheBlaze.com/radio. You should listen to it. Another thing, he threw out a lot of names, and a lot of them you may not be familiar with. One that he did mention that said, hey, you know, we need to give Zuhdi Jasser room to move and show that this can be reformed was Sebastian Gorka. That is a top adviser to Donald Trump, is what he's talking about there. So you talk about where this battle is happening. It's not on the right. It's not on the Donald Trump level. It's way out in the wilderness of Richard Spencer and Pamela Geller and all these other people out there. But it's important to know, that in the Trump administration, they're looking at Zuhdi Jasser as someone who is a real hope to solve this problem. And, you know --

GLENN: And thank God for that.

STU: I think you're right to sense that despair in him. But that's encouraging, right?

GLENN: Oh, it's very encouraging.

This is the guy I've been since 2006, I've been saying, Bush needed to listen to. Obama needed to listen to. The world needs to listen to. He gets it. He really gets it. And if you just want to hate Islam, he's not your guy. But if you believe -- I mean, I was just in a land where people are worshiping a half elephant, four-armed lady. I mean, I don't even -- I mean, you know. What the hell is that? Is what I was thinking.

Okay. What are the people like? If I'm going over, my job is to destroy all those people that have the elephant idol. Well, good luck with that. I don't want to join you. If you would like to help people get closer and closer to the truth and out of error, then let's have a conversation. I don't want to just be the destroyer of anything, unless you're trying to destroy everybody else. And that's what Islamists do. That's not what Zuhdi Jasser and millions of good Muslims do.

VIDEOS

TPUSA's Turning Point tour LIVE with Glenn Beck

In this poignant segment of Turning Point USA's American Comeback Tour live event, Glenn Beck honors the late Charlie Kirk by revealing his private plan to name Kirk as his successor in conservative media, emphasizing Kirk's unparalleled dedication and achievements. Blending themes of faith, history, and personal resilience, Beck shares life principles on forgiveness and truth while unveiling 'George AI,' a revolutionary tool for exploring American history through digitized artifacts and interactive conversations with Founding Fathers.

RADIO

Trump's peace deal: A new era for Israel and Hamas

Israel and Hamas have signed phase 1 of President Trump’s peace deal, paving the path for the release of all remaining hostages, hopefully in a few days. Glenn and Stu explain the significance of this historic deal and what it could mean moving forward.

Transcript

Below is a rush transcript that may contain errors

GLENN: Oh. Your initial thoughts here on the peace deal?

STU: It's an incredible opportunity. I think it is important to remind ourselves, that this -- these things typically do fall apart. That is essentially your expectation, any time anything like this happens. Part of this is going to be Hamas coming through on promises.

I have very little belief that they are typically able to do such things.

That being said. They probably also -- you know, one of the things -- a friend of mine pointed this out to me. We were going through all of this.

And he said, you know, one thing to think about it: This is, like, not the B team of Hamas. But the R team of Hamas. They've killed so many of the leadership.

GLENN: Yeah, yeah.

STU: These are people making decisions that were not at the top of this organization and had those ridiculous ideological beliefs that would lead you to October 7th. That's not to mean that Hamas, these people that are left are like, "Hey, you want to invite them over for Thanksgiving."

But I do think there's a possibility here that they're like, you know, maybe this life is not here for us.

GLENN: That would be nice if that were true. I don't know if that were true. But it would be really thyself.

STU: I don't know if that's true. I do think there may be a little bit lower ideological commitment, potentially. And also, the idea that some of these people might be able to make this deal and escape to another third country.

GLENN: Yeah.

STU: And live life there, in a different way.

GLENN: So the breaking news that just was announced, Israel, their parliament or their cabinet just met or approved phase one of the deal.

And Hamas has just come out and said, they accept phase one of the deal.

That means the hostages will be released either this weekend or Monday.

Any remaining hostage will be released.

STU: I mean, just that.

GLENN: Just that.

STU: If that occurs, it is a massive achievement.

GLENN: Yes.

STU: So far, it is already the greatest opportunity we've had.

And only possible because of his detection to this idea!

GLENN: And his deal-making.

Not just his vision.

But his ability to work all of the parties and find out what all the parties need.

And make it happen.

You know, we're not talking about peace between Gaza, you know, Hamas, and Israel.

We're talking about peace in the Middle East.

STU: Yeah. It's bigger. It's bigger than just Israel.

GLENN: I mean, it's Egypt and Saudi Arabia and -- and Jordan to some extent. And -- and Turkey. All of them getting together and saying, you know what! We'll rebuild Gaza. We want to make it into a very prosperous kind of area. I mean, think of places in Saudi Arabia that are so prosperous. That's the way Gaza could be. So they're all getting together and they're saying, "We will rebuild. We'll oversee. We will try to make everything -- you know, keep everything held."

They will put their money into it, which means they have a lot to lose if it goes awry. And they're all saying, "We can co-exist with Israel."

Three years ago, did you even think that was possible?

STU: Yeah. And, you know, look, there are a lot of places you can go and find non-stop criticism of Donald Trump. They will say terrible things he does, and everything he does is the worst thing ever.

GLENN: Yeah.

STU: Also, there are plenty of places you can go where you find that everything that he does is the greatest thing of all time.

I hope you realize that's not what we do here. And I -- on a -- I said this -- and you said this as well when we -- when this was unveiled.

Sometimes, you can get -- people are critical of the way Trump handles these situations.
Sometimes. And sometimes there's arguments on that.
Sometimes it's not the best approach.

You know, we were critical of him, for example, how he handled Canada. You know, probably cost Poilievre that election. And I think that's a really bad thing.

GLENN: I do on top.

STU: That being said, this is a great example of where his instincts work perfectly. This is all set up over a long period of foundational stuff from his first term. With the decision he made, to come out and just announce the agreement with Netanyahu. We agreed. We agreed to this peace deal.

Now, in theory, we have no position to agree between these two parties. But he came out and all of the focus had been, look at all the bad things Israel is doing. Look at how bad, they're so evil. They're so bad.

And he said, we agree with Israel. Now we just need Hamas.

And so the world's attention was like, what's Hamas going to say?

Finally, he was able to focus his attention to the appropriate place. To the party that is holding the hostages, to say, hey. How about asking if they want to a freaking cease-fire for once?

He was able to do that. In a way that I think only Donald Trump could achieve. Which leads to this, over a long foundation.

GLENN: And here's another thing.

You know, this guy has walked through wall after wall after wall of fire. Everybody calling him everything. Nazi, every day.

Here's a guy who, you know, in a time period where the whole world is like, the Jews control everything. Donald Trump is run by the Jews.

He not only kept his relationship with Israel solid and helped them, when he thought they were right. But when they were wrong, in his view, he chastised them.

He knew how to do it. And still hold their respect.

And gained the respect of places like Qatar. And say, so Qatar. When he chastised Benjamin Netanyahu and Benjamin Netanyahu had to I think apologize to some degree about what they did in Qatar.

That's when the Middle East went, wait a minute.

He's not being controlled by the Jews! You know what I mean?

That should be a really big wake-up call to everybody who thinks that Donald Trump is just being controlled by the Jews.

No. No. No. He's not.

He does what he thinks is right. And he'll chastise both sides.

And he will support either side. When they're right, to get to a deal. That's good for everybody.

This deal could be amazing.

I don't have any -- and it's not because of this deal.

I happen to -- I read the end of the book. So I know how this ends.

This will not -- you know, this is not --

STU: You skipped ahead?

GLENN: I skipped ahead. I skipped ahead.

STU: Don't ruin anything.

Don't -- no spoiler alerts.

GLENN: I won't. No spoiler alerts.

Let's just say, this might last for a week. It might last for a thousand years. I don't know.

But we will be in this situation again. We all know that. We all know that. But let's take and celebrate peace while we can.

And the hostage is coming back. That is massive. Massive.

And due to Donald Trump.

Today, if you don't like Donald Trump, fine. Fine.

But how do you take this one apart?

Honestly, how do you not claim this is a massive victory, for the whole world?

STU: Well, I can tell you, that a lot of people on the left are rooting for it to collapse, which is a shockingly revealing moment. I mean --

GLENN: Wait. What?

STU: They are -- you know, they're not going to be out there like, we hope this collapse is.

But you know they hope it collapses.

They don't want to give Trump credit for it.

And they would rather have this continue. They would rather have this war go on.

Than admit that the reason it's ending is because Donald Trump was able to negotiate this deal.

That is central!

GLENN: I think anybody who has played politics with the Palestinian, you know, all that stuff. And all the stuff on the streets. That -- that has been a very effective tool for them. And so I would agree.

And they don't want that tool to be taken away.

STU: You think the Hamas wing of the party wants this? You think Rashida Tlaib is all thrilled about Donald Trump's efforts here. They will hear about Ilhan Omar -- how wonderful --

GLENN: Those are extremists.

STU: I mean that. This is a very revealing dividing line on the left. Right?

If there is anything that is ever going to happen, that Donald Trump can be given credit for. That you think this could be clear. John Fetterman. Fetterman has obviously pretty good on this issue. But Fetterman came out, gave a statement that should be basic. Basic. Like, hey, this is good. And I really hope it works. Donald Trump did a good job on this.

That's the type of stuff that should be obvious for everyone to be able to --

GLENN: That's what "Tip" O'Neill would have done. "Tip" O'Neill and Ronald Reagan, they got together. They disagreed. They fought hard, but they had dinner.

Yeah. Because "Tip" O'Neill could say, that was good. That was good. What he did was just good for all of us.

STU: That worked well. Good. I'm glad that happened. You should be glad that happened. We should all be rooting for the success here.

Even if what the -- you know, like, I rooted -- again, I have all sorts of criticisms the way Barack Obama dealt with the Middle East.

Yeah. Plenty of them. And we went over them over and over and over again.

And plenty of issues with specifically the way he went after Osama bin Laden. But on the day that it happened, really happy about.

Very happy that we were able to do it.

Now, look, it's our military that does it. They can say all this stuff too. They can say, oh, well, the real reason is. Blah, blah, blah.

But we can still be happy, that this occurred. And you can still be excited and give credit where credit is due.

GLENN: This is a win for all humankind. For humanity!

For life!

Stopping Hamas from torturing. You know, torturing kidnap victims.

Stopping the bloodshed that was happening because of the war on both sides.

That is a win. Having the possibility of a stable Middle East, at least for a while. That's a win!

That's a win all the way around. Everyone should be happy. I don't care if you like the president or not.

Everyone should be happy that mankind, put one on the chalkboard for all of mankind today.

This is a huge -- never seen -- this is on the good side. Never seen this one before. Didn't see this one coming.

I mean, we should all be able to say, wow!

And thank you. Because he's the -- I really, truly believe, when it comes to negotiating things like this, there is nobody better.

I mean, that's what he does for a living.

And he knows it. He knows how to read people. He knows how to it.

And this is evidence of it.

STU: And he will do things that are so out of the norm. That it resets everybody's thinking. You know, I mentioned --

GLENN: If he wouldn't have done that. If he wouldn't have done that, we wouldn't have all the Middle East signing on to a peace deal.

STU: I respect. What would they have done in a situation like Trump was with Netanyahu?

Their advisers would have said, "Look, this is great. You guys are together on this. Let's go to Hamas. We'll talk to them. We will see if we can get something done. We don't want to ruin it by announcing it publicly. There are times, where that tactic cannot work. But it worked really well here."

He forced them to basically say, "No, we don't want a cease-fire," or, "Okay. We'll go along with this."

And, by the way, you go down this list, there's a lot of stuff -- this is Hamas never, ever having control of this region ever again is built into this agreement. Now they've only talked about -- they're only on phase one here. So we don't know that we get all of this stuff. But like, there's a lot here that really improves the lives of Israelis, of --

GLENN: Palestinians.

STU: Arab Israelis in the region. You know, Palestinians. Other Arabs in the region.

GLENN: Saudi Arabia. Everybody.

STU: Yeah. Not to mention, just globally.

Right? This is a positive.

GLENN: Look what this does.

That's Turkey. So that separates Turkey from Syria, which is right in bed with -- with Iran.

I mean, think about how this box is. If you have the entire Middle East, now operating with Israel, and saying, we have a right to exist. Think about what that means, for this block, now to Iran. Iran doesn't mind being a pariah.

But now, everyone is officially saying, aisled do business with them.

STU: We will choose business over these guys.

That's a big statement in that world.

GLENN: That's a big deal. Big deal.

RADIO

Big investors buying gold: What does this mean for your dollar?

Gold has reached a record high price of over $4,000 an ounce. So, what does that mean for your dollar? Financial expert Carol Roth joins Glenn to explain why this news is so concerning and why many big investors have started to buy gold.

Transcript

Below is a rush transcript that may contain errors

GLENN: Well, Carol Roth, welcome to the program. How are you?

CAROL: I'm doing great, Glenn! I'm actually celebrating my 26th wedding anniversary today, so it's a blessed day.

GLENN: Oh, my gosh. Congratulations! Congratulations! It's weird. I'm coming up on my 26th on January.

CAROL: Oh, fabulous. Fabulous. It's a good amount of time to be married, yes.

GLENN: It is. It is. So, Carol. Let's talk about the price of gold hitting --

CAROL: It's over 4,000.

GLENN: Which is nuts. And I don't think people really understand. I don't think the average -- this is my guess, and I want you to correct me. I don't think the average person is buying gold. I think this gold-buying is happening from sovereign funds and central banks, mainly. Also, Asian markets. I don't think Americans really understand what $4,000 an ounce means. Can you explain it?

CAROL: Absolutely. I think the world both, investors and central banks are catching up to the things that you and I have been talking about for years. So, you know, we're ahead. We warned everyone. And now this is a little bit of catch-up. Interestingly, you know, as you noted, the average American is very behind in terms of what gold means.

When you look at Chinese households. When you look at Indian household. There are estimates that each one of those country's households owns up to 30,000 tons of gold at this point. Which to put that in context, the US government owns 8,133 times.

GLENN: So the Indian households, all of them combined, 27,000 tons.

CAROL: Right.

GLENN: What we say we have, is he 8100. Wow!

CAROL: So the households in China and India are really ahead of the curve. When you look at data for the US, it's a little bit hard to get good data. But from what I've seen, the estimates are only about ten to 11 percent of US households at all, have exposure to gold.

Now, I know that your audience is very sophisticated and is ahead of the curve. And I would imagine blows through that number. But just shows how sort of unprepared US households are in general.

GLENN: When you're looking at Indian and Chinese households that own gold. Does that include all the gold jewelry?

CAROL: Yes. Yes. That's actually, particularly in India. One of their preferred ways of procuring gold. Yeah.

GLENN: Okay. So gold has -- gold has shot up over $4,000 in record times. I mean, breathtaking time. What is causing that?

CAROL: Okay. So there are a confluence of factors, and I think the two most important factors, which, of course, are linked. Are what Wall Street is now calling the debt debasement trade. Which they're just caught up. And gave it a cute name.

And changing the global financial order. And they're very much linked.

GLENN: Yeah. Tell me, what is it? The debt debasement? What is that?

CAROL: They're doing the debt debasement trade, which is just basically what you and I have been talking about, which is our unsustainable fiscal position.

GLENN: All right.

CAROL: And what all of the money printing that we've seen over the past 17 years, what that has done to our purchasing power, and how that's going to catch up to us.

So as a reminder, our debt to GDP is at emerging market crisis levels. We were at 120 police levels of GDP.

We're running deficits equivalent to a war-time level. Or recession level, while we still have growth.

Which is crazy. We have interesting interest rate -- or interest payments that are outpacing defense spending.

So everyone is now finally catching on to the fact that this is an unsustainable financial position.

And it is going to be very difficult to get out of. Without there being some sort of additional debasement of our currency. Which is a fancy way of saying, a diminishment of your purchasing power.

What's really crazy. There's a chart that's been going around, and they did kind of a comparison of different asset classes. Price in US dollars, price in gold.

So if I look from the end of September 2018, out seven years, and you look at the top 100 NASDAQ nonfinancial companies. It's called the NDX. In US dollar terms, that is up 236 percent. So you think you're super rich, right?

But in gold terms, solid money that doesn't -- you know, that doesn't have its value debased. It's only up 4.7 percent.

GLENN: Oh, my gosh.

CAROL: Yeah. Of course. The S&P 500 up 133 percent over that period in dollar terms. It's down 27.6 percent in gold terms.

And what's called the Case-Shiller Home Price Index, which is the value of homes, the way that's measured. Dollar terms, 60 percent. Oh, houses. So expensive In gold terms, it's down 50 percent.

In fact, right now, it takes less gold in terms of ounces, to buy the median single-family house, than it has in decades and decades and decades.

So it goes to show, that even though we see these dollars. They're buying less and less. And now, you and I were talking about this forever.

But now Wall Street is catching on. Oh, that's not a great thing. And so in terms of preserving the hard-earned capital, we need something that is that -- that hedge. That mutual hedge that is going to retain its value.

And that's why more investors, institutional investors. Funny enough, a lot of millennials, more than anyone starting to really get in to gold.

GLENN: You know why? Because millennials have not been trained their whole life. Trust the system!

CAROL: Yes.

GLENN: And they see it clearly. And they look at it, and they're like, well, this doesn't make any sense at all. And they're going to spend this.

And they will wreck the dollar and everything else. They just see it without being trained over and over and over again. Like, trust the system. They don't trust the system.

And once you realize, the system is rigged in a million different ways. And the system is not telling you the truth.

I mean, that is amazing. When you look at the stock market. And you say, it's actually down, when you compare it in US dollars. To gold!

What's happening -- let me explain this to the audience. What all that means is: Gold is only going up in dollars. It's staying -- it's staying stable. But it's costing you more because of inflation. The dollars are buying less! So it looks like you're paying more, but you're really not. It looks like the stock market is going up, but it's really not! It's what it costs to get in with dollars. If you're going in with gold. You'll actually see that if it was all done in gold, the stock market is down. The price of housing is town.

It's the dollar. It takes more dollars to buy, than it does with gold, which holds its value.

That is -- if people could understand that one thing, that changes all the conversations of, the government has to do something to make housing more affordable. No, they don't. They have to stabilize the dollar. They have to stop spending so much money.

CAROL: Yeah, I mean, if you think of the three definitions of money, it is a medium of exchange. You know, how you helped to exchange goods.

It's a unit of account, which we say, things are priced in dollars, and it's supposed to be a store value. The unit of account, that you just talked about. My friend Steve Forbes has a great analogy, and he talks about other measurements.

You know, imagine that your clock, you know, one day, at 12 o'clock, you know, means midnight. And another day, 3 o'clock means midnight. Or 6 inches to measure a curtain one day. And then the same measurement is like a foot, a different day.

You can't have -- a consistent measurement if the unit of account continues to change. And that's what we've been seeing here with the dollar. And unfortunately, it has not been to our favor.

Which means, that when you work really hard to earn something and it's valued in a dollar, that over time, that -- that work that you put out, your productivity is worth less and less.

And so what gold is meant to do. It's meant to be Capitol preservation. It's not a risk asset. It's not meant to take on risk. And maybe go up a ton. And maybe go down a ton. It's really meant to be a counterbalance to what you have earned. So that you can preserve your purchasing power.

GLENN: You know, I've been saying this for a long time. That you put your money. And I have money in the stock market. You put the money in the stock market.

If things really go awry, go ahead. You're going to cash out for an awful lot of money. But those dollars. It will be paid back to you in dollars.

Those dollars will be worth less, even though there's more of them stacked up, than that ounce of gold, or, you know, that 10 ounces of gold, or whatever you had!

The stock market is paid in dollars. And so as the inflation goes up.

But gold keeps its value!

Keeps its value and hold it steady.

So, yeah. You will be paying more in dollars if you try to sell your gold. But that will continue to increase while stock markets will go down. Am I right?

CAROL: It's a counterbalance. So if things were to shift, and for some reason, you know, things were to change with the dollars, which we would need a lot of different catalysts. Then your gold goes down. It's a counterbalance, which is why it's important to have that diversification in your portfolio. And to have the gold hedge.

What's interesting, Glenn. Just the history, we're talking about millennials.

You know, they went through the great recession. Financial crisis.

They're kind of keyed into this. But if you think about when we came out of the '70s with this crazy inflation. We came out of the gold standard. It used to be very commonplace for a financial adviser to sit down and say, okay.

We've been through this. And so you should be putting, you know, five to 10 percent of your portfolio in gold. As the stock market took off in dollars. And became this big thing.

And they started seeking fees. That went away. Financial advisers, who don't get paid sometimes at all, when you allocate to gold. Stop recommending it.

GLENN: Yep.

CAROL: And now we're seeing a shift back, now we're seeing, you know, oh, yes. You should have some. Some of the big names out there saying, even more.

GLENN: Ray Dalio just came out and said, 15 percent.

CAROL: Yes, we've seen big names like that, anywhere from ten to 20.

And when they surveyed high net worth investors, which are $250,000 in assets or more, they're averaging right now, 21 percent of their holdings in gold.

So it's a very big flip in recent years, on how this is being viewed bit people who have accumulated those dollars and are worried about them.

GLENN: Okay. So let me just summarize here before we move on. On to some other questions.

That is exactly what my grandfather who lived through the great depression said. What are the people with big large amounts of money doing?

I want to do that. And if I did do that. I would be better off in the great depression.

You just heard it, 20 percent or more, right?

From big dollars.

They're investing in gold. 20 percent!

You should -- you should have some!

CAROL: And it's interesting. Some of the portfolios we're seeing is coming from not only the equity peace, but from the fixed-income peace, which is pretty interesting too.

GLENN: Amazing.

Unmasking Antifa: The Dark Truth Behind Its Well-Funded Network | Glenn TV | Ep 461

The cities of Portland and Chicago are turning into war zones. Federal agents have been ambushed, police have been ordered to stand down, and mayors are defying the Constitution. It’s insurrection in plain sight. Glenn Beck heads to the chalkboard to uncover the hidden support and funding networks propping up Antifa. Glenn debunks the myth that Antifa is decentralized and leaderless, tracing connections from Soros to Tides and other shadowy nonprofits. Plus, independent journalist Nick Sortor joins from outside an ICE facility in Portland, where he was wrongfully arrested by police following attacks by Antifa members.

Glenn's Show Prep

Zuhdi Jasser Fires Back: 'Give Us Some Breathing Room'

TPUSA's Turning Point tour LIVE with Glenn Beck

Trump's peace deal: A new era for Israel and Hamas

Transcript

Big investors buying gold: What does this mean for your dollar?

Transcript

Unmasking Antifa: The Dark Truth Behind Its Well-Funded Network | Glenn TV | Ep 461