GLENNMarch 20, 2017

Kelly Shackelford on Why Gorsuch Is a Rock Solid Pick

Kelly Shackelford, president and CEO of First Liberty Institute, the largest legal firm in the nation dedicated exclusively to protecting religious freedom for all Americans, joined Glenn on set today to discuss the qualifications of Judge Neil Gorsuch for the Supreme Court. Shackelford gave Gorsuch glowing marks.

"A lot of people look at his education and see how incredible it was. He goes to Columbia undergrad, Harvard law school and then he went to Oxford. A lot of people don't know why he went to Oxford. He went Oxford to study under the top brain in the world on natural law, a guy by the name of John Finnis, the guy who trained Robby George," Shackelford said.

Additionally, Gorsuch has written or joined about 3,000 opinions which give a long history of his philosophy and beliefs.

"We're ahead of the curve, I'm just telling you," Shackelford said.

To watch the Gorsuch confirmation hearings and get analysis, go to TrumpNominee.com, a website created by Shackelford's organization.

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

GLENN: Kelly Shackelford is the president and CEO of FirstLiberty.org. He is probably the guest that everybody wants to have on this week talking about the new Supreme Court nominee and the hearings that are going on this week because this is what he does for a living is look at the courts in regards to religious freedom, especially, but freedom and the constitutionalist view of the Supreme Court nominee. This is what he does. He looks for the case to be made. Do the Democrats have a case to be made that this guy is out of control? Do we have -- can we take real solace in the fact that this guy won't turn out to be John Roberts. We go to Kelly beginning right now.

Welcome to the program, Kelly Shackelford, how are you?

KELLY: Great.

GLENN: It's good to have you here.

KELLY: Good to be here.

GLENN: You were looking at the list of all of the Supreme Court nominees when they had a list of 20, and I believe he was on your short list, Gorsuch, of somebody that you felt pretty comfortable with. Going into this, how comfortable are you that he's not John Roberts or any of the other conservatives that we always nominate, and then they always turn out to be a huge progressive?

KELLY: Well, there's a few things about him and what Republicans were doing in the past. In the past, there's this Republican thing of picking people without a record. And John Roberts, for instance, I mean --

GLENN: That was Ted Cruz's argument against him.

KELLY: And that's what people did. Now, John Roberts has been solid on most cases. ObamaCare twice, inexplicably.

GLENN: He wrote the law.

KELLY: Exactly. I will point out it was those two cases that -- not on the same-sex marriage case or the --

GLENN: Pretty big, though.

KELLY: I agree with you. But John Roberts was the guy who had no record. Now, that usually says one of two things. If you're 50 years old, and you have no conservative record, you're either --

GLENN: You're not a conservative.

KELLY: You're either not a conservative, or you're hiding. And if you're hiding, then how much courage are you going to have when the heat's on? That's the approach that the Republicans had. That's not their approach anymore. Really it, it changed. You have Harry being appointed by President Bush. That didn't work. So they went back and said I'm going to pick a full fledged conservative with a long record and guess what? Alito got through. They tried to filibuster, they got 25 votes. So since then now, it has changed. When you look at Gorsuch, he had 3,000 opinions that his name's connected to. Either he wrote or joined those opinions. So you see a long sloth of where his philosophy has been, what he believes, where he stands, so that's a little different.

GLENN: Chuck Schumer said there are many reasons to fear him. But the one that they're going after is that he's a corporatist, that he's always for the corporation and he's just going to sink us all because smokestacks will be everywhere.

KELLY: Really silly. What you find with Gorsuch is he doesn't really care who the plaintiff and told are. He's just going to go what does the law say? And that's the result. And the funny thing when you ask him if he's this person that you're saying he is, then what are the opinions? And if you pull out two or three opinions, he'll go wait. Those are unanimous, and you have a liberal Democrat joining on the opinions. So I've never seen such a weak set of attacks on anybody. They really don't have anything on him, so I think their only hope is to create something in the hearing to hope that he says something or does something. Because I think right now, they're in serious trouble at trying to stop.

GLENN: It seems like -- I mean, it was a really big deal. A lot of people voted for Trump because of this. In fact, I would say perhaps a majority of people voted for Trump because of this. And yet, here we are on the hearings, and it doesn't seem like it's going to be a big deal. It doesn't seem like when we were building up, we knew that was going to be a big deal and a big fight. Is it because we're replacing Scalia that it's not that big of a deal? Or what's happening?

KELLY: I think that's part of it. I think part of it most people for whatever reason don't even know it's occurring. We put a website up TrumpNominee.com where people can, like, watch the hearing, get the information, you know, where does he stand, what are his past opinions, what does the NRA say about him, what do the right to life say about him, what do the different groups out there have to say, I think most people have no idea that the hearings are starting this week.

GLENN: Starting today. We won't hear from him until later this afternoon.

KELLY: Right. It's something they don't know. And the media I think is probably not playing this up because I think they realize that as far as the left wing, this is not going to work out well for them, most likely. So they're not highlighting this. I do think, you're right, though, I do think if we had the next nominee.

GLENN: The next one's going to be big.

KELLY: The rumors are it's going to happen soon, like, within the next year. And let's say if Kennedy did step down, now you're talking about the control of the court because you essentially -- when you had Scalia, you had four conservatives, four liberals, and one that moves back and forth.

GLENN: Kennedy was a conservative appointed; right?

KELLY: He was, but he has been voting on both sides of the issue.

GLENN: Never trust a Kennedy.

[Laughter]

KELLY: Theoretically if you replace Kennedy, you're talking about a lot of huge issues now that if you had issues. You're talking about big issues. You can see the other side would really come out for that next seat. Where this, really, the conservatives the best they can do is stay even with replacing Scalia.

GLENN: Correct.

KELLY: Now, I think they're going to do that. In fact, some people may think that Gorsuch was more conservative than Scalia. But not as conservative as Thomas. But more conservative than Scalia.

GLENN: How close are these guys? I know that Scalia and Ginsberg were really close and good friends. I really wish that Ginsberg would have spoken at his funeral, because I would have liked to show America that you can be on complete opposite ends of the spectrum and still be good friends. But how close is Thomas with Roberts? Do they influence each other at this point?

KELLY: I don't know how much they influence, but they are friends. The uniqueness of the Scalia/Ginsberg relationship, they grew up in New York. There was a real connection there. And they're friends with one another. They're in a very small, special group, obviously. But guys like Thomas aren't really influenced by what other people say or do.

GLENN: So do you think -- I mean, Calvin Coolidge, nominated a good friend of his who is a staunch, he thought, conservative. He gets onto the court, and he's so bad, he becomes proving that even FDR makes him the chief justice. Really crazy. Do they get in to the court, do you think some of them get into the court and think "Well, now I have such an important position, and I want to legacy."

Does that happen?

KELLY: Yeah, I think the old cocktail circles in DC wanting to fit in, wanting to be accepted. I mean, that's always what people really worry about. I think that's one of the unique things that Gorsuch has going for him that a lot of others didn't, and that is his mom was the head of the EPA under Reagan and was savagely attacked by the Democrats. And he felt that sting. It's well-known. I think he knows who his friends are and aren't, so I don't think he would fall into that trap.

GLENN: That's the best case I've heard yet.

KELLY: When you have somebody, though, who doesn't have a lot of record, and then they go in there, and then they get the social pressure, you can see that kind of thing happening. Again, Gorsuch has 3,000 opinions connected with him. He has a pretty strong, deep philosophy that's been expressed for many years. Anybody can surprise us; right? I mean, people are people but, you know, this is about as good of record -- we're a group that focuses on religious liberty. We've never seen anybody with this many solid religious liberty opinions. I mean, he wrote the lower court. He was involved on the right side on hobby lobby, on little sisters of the poor, on just a number of these cases where you've heard about them later and maybe he was in the dissent, depending upon which one it was. But he always did the right thing, wrote an excellent opinion, stood for religious freedom, so I think he's going to be good on a lot of the constitutional issues that your listeners really care about. Really solid because he's an originalist, and he doesn't think it evolves what he wants it to mean, which is the common approach.

STU: I've heard the argument Gorsuch has made a lot of decisions that would indicate he would be on the pro-life side. However, there's never been a specific ruling by him on abortion. What is your level of concern on that?

KELLY: I don't really have any. Again, he's really solid about what does the constitution say? He's not going to create things that aren't there. He criticized -- there's an article where he actually criticized the LGBT community for trying to use the courts instead of the legislative process and opinion. So even if he would agree with something, you would never think to use the courts.

GLENN: You think there is a constitutional case for pro-life?

KELLY: I think he is more likely to say this is something left to the legislative process.

GLENN: I'm asking you. Is there a --

KELLY: There's an argument. People can argue under the 14th amendment. There's a right to life.

GLENN: What about the preamble?

KELLY: Yeah, I mean, there are people that look at that and say he would look at the original intent of what the founders were doing with those things, whether they were trying to create a substantive right. Again, I think you're going to find a lot of the more conservative judges are more -- if it's not clearly there, then let's leave it to the legislative process.

GLENN: Why is that when, you know, I quoted several of the signers of the constitution and decoration today that took a stand. I mean, this was not unheard of in the day. Abortion was a thing, and they all came out as that's murder. Why is that not in the constitution or do they just think it was so plain that murder is murder?

KELLY: I think that's it. There are a lot of things that they couldn't conceive that we would have to deal with. I mean, same-sex marriage; right? A lot of these things we're seeing now, they didn't even think of, so they didn't address them, necessarily, in the constitution in a direct way. I do think Gorsuch, you got a little bit more on where he stands, at least, personally. He wrote a book on euthanasia. His editor of the book was professor Robert George. Probably one of the most well respected --

GLENN: Oh, yeah. Robby George is fantastic.

KELLY: A lot of people look at his education and see how incredible it was. He goes to Columbia undergrad, Harvard law school, and then he went to Oxford. A lot of people don't know why he went to Oxford. He went Oxford to study under the top brain in the world on natural law. A guy by the name of John Finnis, the guy who trained Robby George.

GLENN: Long-standing philosophy. Let me ask you this final question. Nobody is really thinking about this. But he's young enough to be dealing with in the next 10 to 20 years. Is he going to be able to handle or is anybody looking into the definition of life when it comes to AI? I mean, we're moving into the realm of trans-humanism, and that is going to be an issue. Have you seen anything from him on that?

KELLY: Well, I don't know how he would do -- you would have to look what legal case. But I think he's probably got the most extensive background to prepare him for that than any justice because, again, he studied his Ph.D. in understanding of natural law of life. What did he write his book on? Euthanasia. That he steeped on that philosophy.

GLENN: I wonder which way he would go on that.

STU: Two questions. One is this the first question you have had about trans-humanism with Neil Gorsuch.

GLENN: We're ahead of the curve, I'm just telling you.

STU: And he's a good Trump skeptic for Supreme Court because we were ought about it, and I didn't think it would be this good. I feel like Gorsuch is towards the top of that list and looking at it from my perspective, I think he did a great job with this pick. If you wanted your favorite guy for president, Rand Paul, Mike Lee, whatever, any of those guys, and they pick Neil Gorsuch, is that a good pick for them as well?

KELLY: Yeah. I think he's a good pick.

STU: It's that good.

KELLY: There are people out there that are, like, why aren't they on the list? But I'm not saying they're better than Gorsuch. I think we're going to have to wait and see, of course, after he gets on the court. But everything we see, we've got so many opinions. We have this steeped training background. We have this situation that happened in his own family where his mother was really unfairly treated by Democrats. So I don't think he's going to go to DC and cozy up. So there's a lot of things in his favor that, again, his manner is mild and humble and, again, I think that's why they can't attack him. They can't make him -- he's just -- that's not his personality. So I think they're really desperate during these hearings to get him to make a mistake, somehow, which I don't see him doing.

GLENN: If you really want to know where everybody stands from NRA on down the line, go to TrumpNominee.com. That's TrumpNominee.com. You'll be able to watch the hearings, get the analysis there, and, Kelly, I would love to have you back to get a highlight of what we saw, starting tomorrow because the hearings kind of start today with opening statements. Thank you so much, Kelly, appreciate it.

KELLY: Thanks for having me.

GLENN: TrumpNominee.com.

[break]

GLENN: I just asked Kelly to stay for a extra couple of minutes. How is he on privacy and the commerce clause?

KELLY: He's great on the commerce clause. On privacy, I would have to know what the issue -- what you're going to find with him is he's one of those boring guys that's going to say what does the statute say? What does the constitution say? What did it mean?

GLENN: For instance, the gathering information on everyone. I mean, to me, the constitution is very, very clear. No, unless you have a warrant.

KELLY: Yeah, I would think you would be solid. You see, privacy has been converted into all kinds of other things. It was the basis for Roe v. Wade, so you can stretch it and turn into something else. What you're going to find with him, though, is he's all about what does it say? And now, I do think one of the things that's really important -- I don't want to glaze people's eyes over, they show deference to bureaucrats. So congress passes a law, and they say we'll let the bureaucrats decide how to pass the law. And then they massively violate people's rights. Including criminal-type things. And then the court says we defer. We have chevron deference. He has been really strong on that saying, no, we protect our constitution.

STU: Better than Scalia on this issue.

GLENN: And that's where people like Mike Lee are going in congress.

KELLY: Absolutely.

JEFFY: Another thing you mentioned, there might be another opening.

GLENN: You said Kennedy.

KELLY: The rumors are there's going to be another.

GLENN: I've heard as soon as, like, ten months.

KELLY: That's very, very possible. I think we very well might have another one of these before a year from now.

PAT: So Kennedy maybe is stepping down then; right?

KELLY: He could be. He probably wants to step down under a Republican. He was appointed under a Republican. If you wait too late towards the end, then it gets stalled up.

STU: As every liberal in the audience is saying right now with Merrick Garland, you get too close to the end, you might not get a vote.

KELLY: So that's people talking about voluntarily stepping down if there's health issues, so that could be even more.

The ONLY Trump/Epstein Files Theories That Make Sense | Glenn TV | Ep 445

Is the case closed on Jeffrey Epstein and Russiagate? Maybe not. Glenn Beck pulls the thread on the story and its far-reaching implications that could expose a web of scandals and lead to a complete implosion of trust. Glenn lays out five theories that could explain Trump’s frustration over the Epstein files and why Glenn may never talk about the Epstein case again. Plus, Glenn connects the dots between the Russiagate hoax, the Hunter Biden laptop cover-up, and the Steele dossier related to the FBI’s new “grand conspiracy” probe. It all leads to one James Bond-like villain: former CIA Director John Brennan. Then, Bryan Dean Wright, former CIA operations officer, tells Glenn why he believes his former boss Brennan belongs in prison and what must happen to prevent a full-blown trust implosion in American institutions.

RADIO

Rumors explained: Is Fed Chair Jerome Powell OUT?!

After rumors spread that President Trump would soon fire Federal Reserve Chair Jerome Powell, Trump has said that he's "not planning" on it right now. But is it possible for Trump to fire him? Will he resign? And how is the Fed Chair even chosen in the first place? Glenn and his head researcher Jason Buttrill explain ...

Transcript

Below is a rush transcript that may contain errors

GLENN: Well, last night, I was rapidly looking the lie some of these rumors, on X.

Pretty incredible people on what's going on with Jerome Powell and the fed.

What the heck?

I was actually popping popcorn and watching this. It was so crazy.

GLENN: So it's just the rumors, that he is going to be stepping down?

JASON: Well, yeah.

Yeah. Anna Paulina Luna. Congresswoman. She was saying, it was almost imminent, that he was about to be fired. Actually fired.

There were other rumors saying, well, we're not sure about fired.

But he's considering resigning.

GLENN: Yeah. You know why.

JASON: We were like, what the heck is going on?

GLENN: So do you know why?

Do you know why he's resigning? Any guesses? I mean, you had popcorn out. I would love to hear what you have come up with.

JASON: So there was the CPI stuff coming out. The interest rates going up.

We know that the President wants interest rates to come down. I'm assuming that is what the deal is, and there's some sort of internal battle going on.

GLENN: Well, and the president can't fire the Fed chief. Okay?

So the Fed chief is the one that nominated. The federal reserve is the biggest crock of bullcrap I've ever seen in my life.

It's nothing, but the five biggest banks. Okay? And you know which ones they are. They're the ones that keep getting bigger. And everybody else is falling to the wayside.

So the Federal Reserve is the arm of those five banks.

Okay?

And they suggest, who the president can select from.

So the president can't say, I don't want any of these guys. I want this guy. Can't do it.

He has to take a look at the list that all the banks have put together. Is. Say, pick from this list, Mr. President.

Did you know that?

JASON: It's kind of how Iran chooses their next president.

GLENN: It's exactly. It's exactly that way. Except, this religion is all about the almighty dollar.

Okay. So he can't -- he can't pick on his own. But the president has a right to pick one, you know, every term. If it comes up in his term.

The president wants this guy out. And I think he's been really, really bad.

Because he's been wrong on almost -- on almost everything. But show me the -- show me the Fed, you know, the guy who the Fed was right ever.

So he can't fire him. But he wants him out. Because he wants interest rates dropped.

And, you know, the jobs are coming back. Things are coming back.

But interest rates keep coming up.

And the -- and the interest rates, if we keep our interest rates high, we have a harder time borrowing money for our debt.

And it just gets more and more expensive for everybody all along. So the president wants him to back off interest rates. But the Fed chief believes that that could cause more inflation.

Which I think he's right on that one. And I hate to say he was right on anything.

Because I don't think he was ever right.

Makes me question myself. When he's like, well, I think he might have a point on that one. But the president is like, no. He can handle it.

I want them down. I want cheap money again.

He refuses. So what has the president done?

The president can only fire him, with cause!

So what do you do when you can only fire somebody with cause, and you want them out.

You find a cause, and this one is easy.

So the Fed has been the one leading the way saying, we can't keep borrowing money.

We've got to have some fiscal sanity. Right?

This is going to kill us. We have to keep these interest rates high, because you are borrowing too much money. And maybe this is the only way to stop you.

So we got to keep it high, because you've borrowed too much money. And how many times has he testified in front of Congress? We've got to cut. We've got to cut. You can't keep spending like this.

Okay? Well, did you know that the Federal Reserve, with our tax dollars, the five biggest banks, a/k/a the Federal Reserve, is redoing their offices. To the tune of two billion dollars!

Now, I don't know what kind of wallpaper they need there.

But that seems like a pretty hefty renovation, especially when everybody is looking at cutting things. And you're lecturing me about spending money. So they get money from the government, okay? They're telling us, stop spending.
Stop borrowing.

Except, okay. What you've borrowed. I need $2 billion of that, to redo our offices in Washington, DC.

Excuse me?

Why don't you do that yourself. Okay. I think banks maybe have some money.

So they're borrowing that money, and there's $700 million over.

So it's $2 billion. $700 million over budget. And they're still not finished.

And the problem is: They're putting in water features.

They have a rooftop garden they're building.

JASON: Okay.

GLENN: I mean, it is -- it's insane. The president now knows, really? You want to play this game with me. I will sit your ass down in front of Congress, and you answer to the American people, how you're lecturing us about spending. And you're putting in a rooftop garden and a water feature in your office. No! No.

So the president is now threatening, I'll fire you for this. You want to quit, now would be the time to quit.

Otherwise, I'm dragging your butt in front of Congress.

You answer to the American people for this. And they will beg me to fire you.

That's what's happening.

JASON: I looked at that a lot.

Because I was like. There's got to be some leverage that the president had, because they can't get rid of.

But that is a pretty big cut. That sounds like a Babylon Bee article. $2 billion.

GLENN: It does. It does. $2 billion, 700 million over budget.

JASON: Oh, my gosh.

GLENN: I mean, and these are the responsible bankers. No, I don't think so.

It just shows, they don't mean what they say. They'll just keep doing it for themselves. You know, if you really believed that America was really on that financial cliff, why would you do that?

You would lead the way and say, guys, we are going to be the only responsible ones here.

We will lead by example.

No renovation. You know what, go to IKEA?

You need a new desk. Go to IKEA, and get a new desk. Well, we have to keep up our image. We're not going to have a country.

So what do you say, we go to IKEA?

Our image should be, we are going to lead the way out of this madness!

That's what a leader would do.

JASON: So, Glenn, I still don't think I get this disconnect between Trump and Powell on -- we know Trump wants to lower interest rates.

Powell is standing back and saying, basically, he doesn't want to do it.

Is he trying to undermine President Trump on this?

GLENN: President Trump thinks so. President Trump thinks so.

I think so, to some degree.

I mean, I'm worried about inflation.

Look, you know what happened. Do you know what's happening with yap?

JASON: What's happening with Japan?

GLENN: So what's happening with Japan, is Japan has always had this really amazing image of, we're solid. We're absolutely solid.

This is target to crack. The foundation.

1989.

Let me go back to 1989.

This was the crown jury trial of the global economy.

Back in 1989, you probably aren't old enough to remember.

All of a sudden, Japan owned everything in America. We were just becoming Japanese, and everything was being purchased by Japan. Kind of like it feels a little bit like China now.

JASON: They even owned Nakatomi Plaza, Glenn, that Bruce Willis had to save -- they owned everything in every '80s movie!

GLENN: Oh, yeah, they owned absolutely everything.

Okay? And the -- things were so insane in Japan. The grounds of the imperial palace, in Tokyo, on paper was worth more than the entire value of the state of California.

JASON: Wow!

GLENN: Okay?

So their land. Everything just shot up. And so they had all of -- they were flush with all this cash.

And people believed that Japan had suddenly, you know, cracked the formula for, you know, eternal prosperity.

That's the problem. Then it all started to fall apart. And the asset prices. That they had mortgaged against.

Okay?

They had borrowed. Well, the imperial palace was worth more than California.

That doesn't make any sense. You wouldn't mortgage it like that. At least long-term. I will do this real quick, and pay it off.

You would never, ever mortgage, because you know that's inane. Well, nobody ever wanted -- and it seems in governments, nobody ever wants to believe that this is just a fluke. Okay?

So the asset prices collapse. The stock markets plunged. And for three decades, they have gone into this very polite political coma.

Okay? Economic coma. And so the central bank did something radical. They were the first ones to set your interest rate at zero. They lowered the interest rate. They made money so cheap, it was nearly free. Zero percent interest. Sometimes, they would pay you to take out money.

So the -- they had negative interest rates. Can you imagine that? Now, you're not fixing the problem. You're just printing wallpaper to cover the mold. All right?

So they've done this for decades.

Now their debt is I think 260. Or 280 percent of their GDP.

I think, what is ours?

100?

80 percent.

Something crazy. 120. You never believe back.

The death threshold is usually 120, 140.

They're 260 percent of their entire economy is debt.

That's not a crack. That's a fault line.

So this week. Or was it last week? Things started to creek and grown in Japan.

And the government bonds, which are like our treasuries. Is this getting too complex.

Are you following this still?

JASON: Yeah.

GLENN: Okay. So their government bonds.

They were the safest investments on earth.

One of them. Okay?

It's us. Japan, Germany.

They started to fall.

Hard. And when bond prices fall, interest rates were the easily go up.

All right?

So they borrow all this money.

260 percent of their GDP is borrowed. Okay?

So they borrowed all of that money. And they had it at like 3 percent interest. Whatever.

2 percent interest.

And they were paying people.

2 percent.

Well, all of a sudden, the cracks started to appear. And people were like, I'm not sure this is stable at all.

And then the belief of the system started to -- to go away. So people started selling their Japanese bonds.

Once they do that, now the yields have to go up.

What happens when yields go up?

What happens when interest rates go up? For a government. You have to pay more interest on your debt!

Okay?

You add two or three points.

Just imagine, you have an adjustable rate. Okay?

This is a government having an adjustable rate. Except, they have 260 percent of everything they make, in debt!

And it's all leveraged.

And now, their adjustable goes up two, three, four points.

You're not able to afford that anymore, okay?

So massive problem.

Because what it really means is. People don't believe in Japan.

They know the con game is now over.

And investors are saying, you know, I want a whole lot more in return.

Because I just don't believe you anymore.

And it's not just Japan's problem. This is not a neighbor's house on fair.

This is -- imagine we're all living under the same roof. This is the neighbor's apartment, on fire.

We're all under the same roof. We all have the same foundation. And so when this happens to Japan, you should pay attention. And I'll show you the ripple effects in just a second.

First, let me tell you about Relief Factor. There comes a point where the pain in your life goes from being something that is just irritating to something you have to deal with every single day.

Maybe it starts small. A tweak in your back. A sore knee. A little stiffness in the morning. But, you know, those things happen. But over time, the playbook starts to make decisions for you. It changes how you move. How we sleep. What you say yes to. And what we have to start saying no to.

It steals moments from your life. Moments you just can't get back. Relief Factor is designed to help you take those moments back. It's 100 percent drug-free solution. Specifically formulated to fight the inflammation that's causing your pain. For thousands and thousands of people. It's helped reduce and eliminate the daily struggle. So they can get back to living the life they want, not the life their pain dictates. Pain may have changed your life, but it doesn't to have define it.

Get their three-week Quick Start. Give it a try now for 19.95. ReliefFactor.com. 800-4-Relief. 800-4-Relief. It's ReliefFactor.com. Ten-second station ID. We're back to the show.
(music)

GLENN: Okay. So now if Japan -- that means there's a stampede out of Japan.

And people are starting to look and reprice the risk of their money.

Now they're like, wait a minute.

The most stable. You know, if you're driving a car and it is the safest car in the world and all of a sudden, they just start blowing up on the highway.

You're like, I don't think that's the most -- that's the safest car on the highway.

And if that's the safest car, what does it mean for the car I'm in?

You know what I mean? So now, this is going to push US interest rates going up.

Which makes our mortgage rates go can up. And our car loans more expensive. And the national debt. Which is already costing us $1.2 trillion a year, just in interest.

Now, they can't sell their treasuries. People are skittish on treasuries. Maybe they come to the United States, but they're not so far.

They're getting out of the Japanese interest. Or the bonds there.

Japan has to pay their bills.

What do you do when you have to pay a bill?

And you don't have any money coming in.

You don't have enough money coming in. What do you do?

You sell something. Right? You sell your car. You sell something that you have of value.

Well, what do they have? What do they hold of value? US Treasuries.

So now, we are trying to sell our bonds, for our new debt, they hold our old debt.

They're saying, hey. Anybody want to buy this debt? Because I have to sell it. Fire sale. What do you give me for it?

Okay?

Which makes that debt more attractive, because they can get a better deal there.

Which means, if we want to have new debt, we have to raise our interest rates. Which means, we pay more for interest for our mortgages and everything else.

And it floods the market with bonds, crushing the prices, skyrocketing the costs for us.
And causing even more trouble, in other countries, that have US bonds. Because they start to look and go, nobody is buying these bonds.

Well, of course not. You have two countries. The two stablest countries besides Germany.

You have the two stablest countries now selling US Treasury bonds.

Okay? Really, really bad.

Now, let me add this on.

Germany is now having to pay for their own army.

And so they said, they're going to borrow money.

To build the army.

And they're going to lower their interest rate. So they can borrow more money. All right?

And now, the German bund, which is -- you know, like our Treasury. That's now starting to fall apart.

Well, Germany has some assets, they can sell.

What do you think that asset might be that they want to sell?

US treasuries.

We have been playing an extraordinarily horrible game.

This is why I believe the president wants somebody else in charge of the Fed, because the Fed can say, we're lowering the interest rates.

Because he's got to get more money into the system. So people can spend money, can start businesses. Borrow money.

Get things moving, so we can increase the amount of taxes that we collect.

The more people money -- the more people make, the more taxes we collect.

So he's like, we've got to grow the economy. And the only way we can grow the economy is to lower the interest rates.

But at the same time, interest rates around the world because of what's happening with the bonds is going through the roof.

We are in a very -- we've never been in this position before.

THE GLENN BECK PODCAST

Why the Term "Conspiracy Theory" is CIA-Created Weapon for Control

Conspiracies are of course real and occur every single day. But yet, many in the media and elite political circles attempt to use the term "conspiracy theory" to smear and discredit those who are skeptical of conventional narratives. Where did this term come from and how should we understand it? Journalist Alex Newman joins Glenn Beck to break this down and how it impacts the world as we see it today.

Watch Glenn Beck's FULL Interview with Journalist Alex Newman HERE

Chalkboard Breakdown: How George Soros & the 'Deep State' funnel YOUR money to radical groups

Where do these massive left-wing radical groups get all their money from? Much of it is effectively a scam that occurs using your tax dollars to fund these groups that you would never support on your own. Glenn Beck heads to the chalkboard to expose the connections so you can visualize exactly how someone like George Soros manipulates the system.

Watch the FULL Episode HERE: Deep State ON NOTICE: New Tech Traces the USAID, Globalist Money Trail

Glenn's Show Prep