GLENN

Can a Rebooted Glenn Beck Find Common Ground?

Marc Giller with The Resurgent recently published an article titled, "Glenn Beck Rebooted," in which he laments the Glenn Beck of early radio days and worries about Glenn's new efforts to heal the divide in America. Marc talked with Glenn on radio Tuesday, having a frank conversation about the nobility of Glenn's goal and how he'll need to find honest brokers on the left --- or be doomed to failure.

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

GLENN: Let's go to Marc Giller, who is joining us now. He's from theresurgent.com. And he wrote a -- he wrote an article called Glenn Beck: Rebooted. And, Marc, good to have you on.

MARC: Hey, Glenn, thanks. I appreciate being on. Thanks.

GLENN: You bet. I appreciate the spirit of the article, and it's nice to actually talk to a fan who has been a fan literally from the beginning.

MARC: Yeah. Actually it's kind of interesting. Because when I read the Washington Post profile that inspired the article in the first place, I hadn't really intended to go down that direction. But when I sat down to actually start writing it, a lot of memories of the show back in the old days on WFLA just came rushing back to me, and it just sort of started pouring out to me, and it kind of turned into this very, very long introduction. And, you know, once I started rolling with it, I was having so much fun with it, you know, just talking about the Frisbeetarian Church.

GLENN: I loved those.

Those were -- yeah -- for anybody who doesn't know what the Schlub Club was. I used to pit the 4 o'clock audience against the 5 o'clock audience. And I would tell the 4 o'clock audience that they were the real audience. The 5 o'clock audience, they were the schlubs. They were the people that just stroll in. Oh, I'm working. I can't listen. And so let's screw with them.

And so we would plan something all hour, and then I would set up the calls. So when the next people -- when the people got off of work, they would just turn on the radio, and they would start hearing these crazy people calling in.

And by the end of the hour, they would be like, I live in an asylum, and all these people that didn't -- that weren't in on it would call in and go, are all of these people crazy?

MARC: That was the funny part too. Because I was actually one of those schlubs at first. I didn't get off work until 5 o'clock. So I'm driving across the Howard Franklin Bridge going home, listening. What the heck are these people?

(laughter)

You know, it just got so off the chart -- all right. And so I eventually figured it out. So I was in on the joke at that point. And I couldn't wait to hear those every single day. They were absolutely hilarious.

GLENN: Yeah, no, they were great. We've never been able to do them because we didn't know how to divide the show up. Because some stations because of time zones shuffle the hours.

JEFFY: Yeah.

GLENN: And I remember -- Stu, do you remember -- were you with me when I did, I'm in love with my sister? Yeah, you were with me.

Do you remember that, Marc?

STU: Yeah.

MARC: I don't remember that one.

PAT: I remember advising you not to do that.

GLENN: Okay. Yeah. I did this whole hour where I built it up, and I said, "Listen, I want you to know, I'm going to talk about something that I've never shared before." And I did this really heartfelt monologue of the first time I fell in love. And I'm not going to be ashamed of it anymore. And it was up on the Ferris wheel when I was a kid and I kissed my sister.

STU: So disturbing.

GLENN: Yeah. And it was a whole -- it was a whole thing to see if I could sway the audience to be -- to defend brother/sister love. And got them there, until the end, I was supposed to then come in and say --

STU: And reveal it.

GLENN: -- okay. So here's the thing. I'm just making a point here that I can get you to believe anything if I put enough --

STU: If you don't have principle. I mean, it's the same points that we're making today.

GLENN: Correct. If I give you enough love stuff and heart stuff, you're going to fall for anything.

Well, unfortunately, it was when I was first starting syndication. And President Bush had to give a speech about 9/11. And the affiliates all dropped off, literally at the explanation. So for 24 hours, I had affiliates calling saying, we are not running this show ever again.

(laughter)

So, anyway, so your point here -- the reason I wanted to get you on is, your point saying, you can admire Glenn to be the first to say, enough, and take a stand against him. But until he finds honest partners on the left who are willing to share the risk and stand by him, I'm afraid his efforts are doomed to fail.

Tell me about that.

MARC: Yeah. Well, it was kind of -- mostly inspired by what had happened with Sam Bee. Because I -- I heard the -- segment that you had her on your radio show when I was driving out to Orlando. And I thought, well, you know -- I had never been a fan of Samantha Bee. Obviously, I'm a preacher on the right myself. And, you know, kind of think a lot of her opinions are kind of full of it. But listening to that, I thought to myself, well, you know, this is worth a try. Because it's kind of akin to some of the things that I'm going to do in mostly my online dealings with people, especially since I've gotten more into political blogging and whatnot. You can get into arguments with people.

But my philosophy was always going to be, all right. I'm not going to be able to persuade people by putting them down, making them feel stupid, calling them names. And I always tried to deal with them in a respectful kind of way.

So when I heard you and Samantha going back and forth, talking to each other about how we need to change the tone and how we converse with one another, I did respond to that. But a couple weeks later, she's on her show, and she's comparing this poor cancer survivor at CPAC to a Nazi because of his haircut. And it just kind of really struck me because I thought, well, you know, if she really took it to heart, the conversations that you've had, if she really wanted to go ahead and change the tone, she wouldn't be doing that kind of thing. And it just kind of concerned me because, you know, I'm very -- a big leader in the effort that you're trying to do here. And I think you're taking obviously a tremendous career risk, potentially alienating people in your audience. A lot of names being called particularly on the right about being a sellout. You know, I do believe that we have to start someplace. But I'm just really concerned about partnering up with the wrong people who aren't really taking it to heart and who are maybe just using this as an opportunity to promote themselves, instead of actually really starting a dialogue and trying to make a conversation more civil between the left and the right.

GLENN: So I'm thinking -- and, Marc, I can't tell you how I appreciate your attitude and your approach on this.

We've talked about this for a long time. And we believe we're going to have to kiss 1,000 frogs before we find one prince. Because it is difficult to -- I was just on with Tavis Smiley. It airs on PBS I think today or tonight or something. And he said, so why aren't you having more success with people -- and I said, that's my question for you, Tavis. Now, he was very, very open. And, you know, but he has kind of a softer attitude anyway.

But he said, so why do you think it is? And I said, because I don't -- I'm not sure that -- he said actually -- he phrased it this way: Is it because people aren't self-reflecting because perhaps there was nobody -- this is a quote, quite as bad as you. And I said, well, okay. That's one way to look at it.

MARC: I take it he never listened to Michael Savage.

GLENN: Right. Or is it that people don't want to look at themselves? It's easier to look elsewhere? And I could tell you that there are people that, you know -- let's look at Bill Maher. Even Samantha Bee, that have said some really difficult things about people on the right.

Are they looking --

MARC: Oh, sure.

GLENN: Are they looking inside of themselves? I don't think so. It's easier to look outside. So it requires somebody to be humble enough to say, what part did I play in this?

MARC: Yeah. Well, and that was another aspect of the WaPo article that kind of set me back a little bit as well too. Because the tone of it was all, you know, here's Glenn Beck, he's trying to hug his way back into bringing America back together.

GLENN: Yeah, I thought that was an unfair article, by the way. I thought it took some things -- some liberty with some things that that was not the right tone. But, anyway, go ahead.

MARC: Yeah. Well, the thing about that was that it made -- it proceeded from this assumption that it was all you're doing. You know, you can extrapolate that to, it's all on the right side of the political spectrum, where all the hatred is coming from, and where all the acrimony is coming from. And that is not the case at all.

GLENN: I agree. I agree.

MARC: Yeah. If the author, Mark Fisher, had balanced it out a little bit in maybe seeking out some people on the left in talking about how they contributed to the overall corruption of how we talk to each other and how we think of each other in this country, I think it would have been a heck of a lot better.

GLENN: I will tell you, Marc, you're right on the money. And I'm waiting for somebody to do that. And so far, nobody is willing to do that. Everybody is willing to dog pile. And I keep waiting for somebody to say, well, hey, wait a minute, it's us too.

MARC: Well, again, look at what's happening to you. Look at what's happening in your attempts to do this. I can't even imagine the amount of hate mail you get over just this particular subject.

STU: That's just from the staff.

MARC: I posted this article. I'm getting hate tweets myself. I'm just a nobody who writes an article on the internet. So I can't even imagine what that would be like a million fold, like what you're dealing with here. And I think that people on the left, particularly those that make their living in the media and they have this image that they have to uphold are thinking the same thing and saying, holy crap. I don't want that happening to me. I want to give my audience what they want.

And that's kind of what I think Samantha Bee was doing when she was doing her Nazi shtick with CPAC attendees. Is that, oh, well, maybe she got a few hate tweets of her own off of appearing with Glenn Beck or having you on her show. And thinking, well, I got to go throw a bone out here to my listeners or my viewers and, you know, let them know I'm not going all soft on them, right? And that's problematic.

STU: We're talking to Marc Giller from The Resurgent. And, Marc, I was fascinated by that point. Because you're right. It was a cheap joke at the expense of some guy on CPAC. Now, it turns out that the guy has cancer, and there was a lot more to the story. But she didn't know that at the time.

GLENN: And it wasn't her joke.

STU: It was some correspondent.

GLENN: It was the correspondent.

STU: But I was interested at seeing your article. Because you talk about the days of 970 WFLA, the mother ship of this particular show.

GLENN: Yep.

STU: And, you know, those were great times, and they were really funny. But also really harsh.

GLENN: They were mean.

STU: And we a lot of times made fun of the appearance of somebody on the left. And we joked and made all sorts of things like that -- it was a harsh show for laughs. And I remember at the time Glenn saying, in comedy, there's always a victim. There's always a victim. We should just always make the first victim ourself. And so that's the way we ran the show.

STU: But her joke, is that just a funny line that we should all just be able to get over? Or is it really some attack that shows that she's not being an honest partner in whatever was trying to be done here?

MARC: Well, you know, I love to employ humor in the stuff that I write as well. And God knows, that Twitter being the medium that it is, it just lends itself to snark, and I've definitely been guilty of doing that myself from time to time, although I've never called anyone a commie or a pinko or anything like that. But I do -- I really -- one of the things about the mean culture that we have right now, that, yeah, it does make it increasingly difficult to make even good jokes and to laugh at each other because everybody is taking themselves so damn seriously. It's very, very difficult to do.

And I think that, you know, if -- maybe the way we react to things like the Nazi joke on Samantha Bee's show, is because we on the right have taken it to the shin so much from the popular culture, where we're always cast as the fuddy-duddies. We're always cast as the ones who want to get into everyone's bedroom, and we don't want you to have fun. When, really, a lot of that is what's going on in the left these days. I guess it just makes us really mad because we've been the butt of jokes so many times. And that, you know, leftists really typically have an extremely difficult time laughing at themselves. So, you know, maybe that's where we are.

GLENN: I tell you, Marc, when somebody actually hears -- really hears what you just said on the left, when they really hear you, things will change. But they don't so far. I've been trying. And they don't hear that message yet. But once they do, I think we can come together.

MARC: I do hope that that is the case. Because my fondest wish in our politics is that we stop yelling at each other and actually start talking to one another instead.

But, you know, the way things are right now, it's all emotion. It's all ID. It's very little debating the actual facts. How we came to that -- obviously we have the mainstream media that's out there stirring the pot as well too because get some clicks, get some views. People are screaming at one another. Washington is happy with that because they can get away with whatever they want to get away with, because people are distracted with minutiae, rather than taking a look at the big issues and the things that are affecting them on a day-to-day basis. So you do have this entrenched power structure that's in place that has a vested interest in keeping us at each other's throats. So it's going to be really tough.

GLENN: So I only have about ten seconds. What I really wanted to ask you was you said, I think it's doomed for failure. So do I continue or do I not continue?

MARC: No. It's only if you get the wrong partners that it's doomed for failure. The interesting thing about what you were mentioning about Riaz, your friend as well too, is that maybe he's going to be more of an honest partner, but he's less of a celebrity. So he's got less of a reputation to uphold I guess with his audience since he's a more behind the scenes type of guy. So I think maybe you might be more productive with that -- going back to the last segment, maybe you ought to watch How to Look Good Naked.

GLENN: All right. Thank you so much. God bless. Marc Giller from theresurgent.com.

VIDEOS

TPUSA Presents This is The Turning Point Tour LIVE with Glenn Beck at the University of North Dakota

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.

TV

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.