BLOGMarch 21, 2017

World's Best Trump Impersonator Talks With Glenn. It's YUGE.

Glenn welcomed a very special visitor in studio today. John Di Domenico, a professional comedian and voice artist, does a spot-on, killer impersonation of Donald Trump. He's been doing it for years and realized it was going to be YUGE when Trump won the nomination during the primary and later the presidency. Domenico gave the inside scoop on how he noticed what the media missed --- the enthusiasm Americans had for Trump.

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

GLENN: Hello, America. And welcome to the Glenn Beck Program. You're going to appreciate this much more, if you're watching us. But give us 30 seconds if you're on radio, and you will appreciate it just as much. We have a guest in the former Oval. Go ahead. Pan over to him. We begin there, right now.

(music)

JOHN: Good morning, everybody.

GLENN: Honestly, I don't even know how to introduce. I don't even know how to introduce. Other than this is the guy you see on Conan all the time. And I think he's the real -- I think he's the real deal. I think this is -- how are you?

JOHN: I'm fantastic. So excited to be here. Tremendous. You guys are amazing. I don't any of you, but I think you're great. And Glenn has been so supportive of me for so long. He's said such wonderful things about me. And on his latest book -- I'm on the cover, and that's why it's a million seller. I'm on the cover. Did you notice that? None of his other books have done well. Why would you write a book on broke? Bad move. Bad move.

I have to tell you, stupid, stupid title. But I like you, though, you're good. I've written a lot of books too. A lot of books. Best-selling books.

GLENN: Right. But I haven't really been helpful for you.

JOHN: Really? You haven't?

GLENN: No.

JOHN: In that case, you're a lightweight loser. You're doing a terrible job. I've always said you're terrible. I've always said that from the beginning. Now that I know this about you.

GLENN: Right. Right.

JOHN: Really amazing. You were on CNN, you blew that gig. Then you were on Fox, you blew that gig. Now we're in this place. Folks, we're in a double wide trailer, I don't think you know -- realize that. He's not doing well, believe me.

GLENN: John Di Domenico is the voice you're hearing right now, doing Donald Trump. And the hair -- how much -- I mean, how did you do -- I mean, how much did that hair cost?

JOHN: That's four grand.

GLENN: Seriously? Four grand? That hair?

JOHN: Yeah. I have three of these.

PAT: Four thousand dollars? Wow.

GLENN: And they're not 4,000 each.

JOHN: Yeah, they're 4,000 each.

GLENN: Shut the hell up.

JOHN: Yeah. They take 90 hours to make. They're -- every single hair is hand-pulled.

GLENN: I don't know if he's -- I don't know if you're doing --

JOHN: Well, I'm kind of in between.

I can tell you about the hair. It's Trump hair. Tremendous hair. Best hair --

GLENN: Right. Okay. So drop the -- drop the effect here for a second. Talk to me about the hair.

JOHN: Okay. The hair is -- the hair is -- the very first wig I ever had was made by Bob Kelly. He used to do all the wigs for all the Broadway shows and Saturday Night Live. And this goes back at least 12 years ago.

And those wigs are human hair wigs that are hand-pulled. They measure my head, and then they build a frame. And then they just pull the hairs through. And it's called ventilating. That's why the hair -- your hair goes in different directions. Grows in different directions. So they ventilate the wig so it's closest to the actual style. I get three or four wears out of this. Then it has to be washed.

GLENN: How many wears out of this?

JOHN: Three or four.

PAT: That's it?

JOHN: No, no, no. Then they go to my wig person. They wash and style it. Because once there's too much product in it, it just -- it is human hair. So it's got to be restyled and redone.

JEFFY: I need a wig person.

JOHN: Yeah.

GLENN: You need three or four of these wigs?

JOHN: Well, because I'm always traveling. So I'll go home for a couple of hours. Switch out wigs. My wig person will come by, pick them up and then wash one or two.

GLENN: This has been tremendous for you as a human being, hasn't it? I mean, you're hoping for eight years.

JOHN: Oh, yeah.

GLENN: Country could be on fire. And you're, still like, whatever.

JOHN: Yeah, I don't care. Rome is burning.

(laughter)

GLENN: So is it amazing to you that nobody could do -- nobody had the balls to put an impression of Barack Obama on television. They all said, oh, he wasn't funny.

JOHN: I don't think he had -- comedically, there's just not -- there's something there -- there's such a well with Trump. And it goes back so far. You look at his lexicon. You look at statements that he's made. You look at where he's been. How he's done it. There's just this reservoir of material. And, you know, Barack Obama was so guarded, that the most you could do was, here's a deal. You know, there just wasn't a lot to pull out. Comedically, he's so guarded. But you have somebody like Bill Clinton, he was much easier to like -- there was just more comedy to mine from somebody --

GLENN: Did you think -- because you've been doing Donald Trump for how many years?

JOHN: Since 2004.

GLENN: And you really studied him.

JOHN: Oh, yeah.

GLENN: You're looking at me like he does, and sitting in this room, which is the Oval.

JOHN: Which is the Oval Office. Which I now own. I bought the White House. Great view, by the way.

GLENN: Right.

JOHN: No one makes deals like me, I have to tell you.

GLENN: Right. So --

(laughter)

You really have to -- go to GlennBeck.com and watch this. You have to watch it. It's so funny.

PAT: That's great.

GLENN: The -- when you studied in the beginning of 2004, just because he was a great character?

JOHN: No, what happened was -- I worked in the New York market, and I always got calls for tougher voices, for voiceovers. I do about 30 characters, full makeup. And I gotten the call, and somebody said, "Hey, are you doing Donald Trump yet?"

And this was the first season. The Apprentice had just ended. And I said, no, not really. Said, we have an audition on Monday for you, if you can learn the voice.

So I was like, jeez.

And I said, give me an hour. And I did some real quick research. And the only person at the time who was doing it at all was Phil Hartman on SNL, and he had done it on Church Lady a number of times.

So I didn't really have a lot of resource material to really draw from. So I ran out and bought that first season of The Apprentice that just happened to come out.

And I sat there, locked myself in my house, and I broke his voice down by elements, which is throat placement, nasal placement, vocal production, cadence, and that's how I kind of usually break voices down. And then I worked on figuring out -- he doesn't sound like anyone from New York. So I had to figure out --

JEFFY: Right.

JOHN: So I wanted to find a voice similar to his. And the only person that I knew other than him from Queens was another guy who spoke in a very, very staccato way, like Christopher Walken.

GLENN: Walken. Yeah.

JOHN: And Walken, you wouldn't necessarily think is a New Yorker if you hear him speak.

JEFFY: No, you wouldn't.

JOHN: And Trump when he speaks, you don't necessarily think of him as a New Yorker, unless he uses certain words.

(laughter)

GLENN: Does it help -- did you pick up the mannerisms? Does that help you --

JOHN: It helps me. It helps me. Yeah. Especially when I'm doing voiceovers and things like that. Even when I'm doing the Conan calls, I'm buying furniture in my house. Because I have a small studio in my house, and I'm whacking the mic and everything else.

But it's just such a big part of who he is because it really -- I have to tell you, tremendous. Tremendous. You know. Even when he was on the -- when he was at the CIA. You know, watching one of the news -- one I don't like. I don't like it.

And they say, Donald Trump doesn't draw. He's so physical. And it's a very dynamic impersonation. He's very dynamic, in that two years ago, he wasn't this physical. And he constricts his voice and he loosens his voice. And he's going up and going down. And things he had never done early on. Because he used to be, Glenn, your team did a terrible job, you're fired. That was it.

Guys, you're selling lemonade. That was the most you saw of him.

GLENN: Right.

JOHN: And it seemed the more he was on the campaign trail, especially with these stump speeches, he just became looser and looser.

GLENN: At what point did you think to yourself, I've got a freaking gold mine?

JOHN: I just knew -- people were calling me as soon as he announced. Friends. Because I had been doing him so long. And said, dude, you're set. You're set, man. It's going to be incredible.

And I said, hold on. Let's see if he doesn't implode first. Because four years before, he had run. He was toying with running. And I remember at the very end of -- literally the day before he dropped out, he was speaking in front of the -- I live in Las Vegas. He was speaking at a Las Vegas Republican women's group, and he dropped the F bomb three times.

And I remember thinking, he's dropping out. He dropped out the next day. Because he kind of lays the groundwork before he does something. And he dropped the three F bombs, and everyone was shocked. And he was out the next day. When he announced this last time in June of 2015, I thought, okay. Well, let's -- let's see what happens, if the work starts coming in.

And we were about a month in, and he made the John McCain comments. And I thought, well, that was a good run. That was -- yeah. I guess I'll go back to Austin Powers. It was really -- and then his number went up. And his numbers kept going up. And I thought, "You know what, if he can make it to the first debate, I'm set for the fall. I'm set for the fall." And then he did that first debate, and he crushed it. And the phone started ringing off the hook.

And by that time, I was on Red Eye on Fox, and I had already been on Conan. And other calls were happening. And the corporate work was coming in. And voiceovers were -- it already started. And then by August of this past year, 2016, I was being interviewed by the -- not the BBC, by Channel 4. They had flown me to DC to do some interviews. And most of the interviews I did last year -- I did a ton of them. They always said, who are you voting for? Which I always thought was a dumb question. Who cares who I'm voting for?

They said, "Who do you think will win?" And I said, "Trump will win in a landslide." I had been on the road for well over a year now. I've done hundreds of events. It doesn't matter what corporate group I do or where I do it. It's always overwhelmingly for Trump. And --

GLENN: What is it that the media missed?

JOHN: They missed the fact --

GLENN: Say it like Trump.

JOHN: They missed the fact that people are upset. They want a leader. They want someone with bravado. They want someone who has real accomplishments and someone who is going to say whatever he wants to say. And that was the thing that he missed, that he --

GLENN: Do you believe he is that caricature? Because people always say, when they meet with him, he's a totally different guy? So which is he? What is he?

JOHN: Well, you know, that's a great question. I say to people, you'll see he's different in different situations. Even when he's doing interviews. If he's being interviewed by Sean Hannity, he's one way. If it's Bill O'Reilly, it's another way. If it's Scott Pelley, it's another way. He assumes different styles each time.

GLENN: Right. But they're still all him.

JOHN: They're still all him, yeah. But I think when he's -- when he's out and about, you know -- if you've seen -- he's a certain way. This is tremendous. Look at this place. This is amazing. This is an amazing event. I have to tell you, it's incredible. Best of the best.

So I think what was missed was the fact that he's -- he -- he -- the enthusiasm part was so important. They didn't get the fact that people were really enthusiastic about him. And they were incredibly unenthusiastic about Hillary. And I remember this clearly. I was in New York, which was pretty much Hillary country. I was doing an event, about 500 people. And I do this bit in the act, where I come out, and basically I say, I've been told there's over 5,000 people here today. It's usually a much smaller crowd. The press -- the press -- terrible people, the press. They're going to say there's 400 and we're in a banquet hall. Terrible.

And I say, just -- listen, listen, listen, we're all friends here. Right? We're all friends, right? I just want to do a quick poll, quick poll. Who here wants to ruin the country and vote for crooked Hillary? And the Clinton -- these were the people voting for her. It was so unenthusiastic. And this was a less than a quarter of the group. He said, all right, who is going to vote for me and make the country great again? Overwhelmingly, it was him.

GLENN: These were Clinton people. In Clinton country.

JOHN: You would think in New York, yeah. And I remember, early on, I was at a hotel in San Diego of all places -- I'm constantly on the road. Constantly in hotels, airports. I mean, in character, I'm in hotels.

And I would walk down to my room one time, and the cleaning lady said, Mr. Trump. Mr. Trump, can I get a photo of you, Mr. Trump?

And I said, sure, of course. What's your name?

My name is Esmeralda, Mr. Trump.

And I said, are you going to vote for me?

Goes, yes, I'm going to vote for you, Mr. Trump. I love you.

You love me?

Yes, I love you, Mr. Trump. I want you to build the wall.

That happened like five times.

JEFFY: Yeah, I bet.

GLENN: Wow.

JOHN: I had a Muslim driver in New York. I was out of character. They picked me up at the airport. And the guy said --

GLENN: But you're dressed like this?

JOHN: No, I was in street clothes. I was in street clothes. And he said, what do you do? And I said, oh, I'm a comedian.

He said, what kind of comedy?

And I said, oh, I'm a personator.

He's like, who do you do?

And I said, oh, Dr. Phil. Dr. Evil. Donald Trump.

Donald! You do Mr. Trump! You do Mr. Trump!

And I said, yeah. I do Donald Trump. And I mentioned the different stuff.

He goes, I love Donald Trump. I love Donald Trump.

I said, really? I said, why? He goes, he's going to draw a line between me and the terrorists. I love America. I love America. And he's going to draw a line.

PAT: That's great. Wow.

JOHN: I was thinking, wow, I never -- and I took all these things. And I was like, all these things are happening. I'm thinking, this guy is going to win. It doesn't seem -- every corner.

GLENN: What is the one thing -- you know what, I have to take a quick break. We'll come right back.

JOHN: Sure.

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.

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

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