BLOGAugust 14, 2017

GOP Senate Candidate: We Need to Send 'a Huge Message to the Establishment'

President Donald Trump and Republicans need to remember what they promised the American people during the election. The Senate must send a “huge message to the establishment” about keeping promises like repealing Obamacare, Rep. Mo Brooks (R-Ala.) said on radio Monday.

During his presidential campaign, Trump vowed to undo the Obama administration’s nuclear deal with Iran, and Republicans up and down the ballot swore they would repeal the Affordable Care Act in order to win votes. These key promises and other campaign talking points have not yet been turned into action by Republicans, who now hold the White House as well as the House and Senate.

“I am baffled again,” Brooks said of Trump’s inability to follow through on the Iran deal promise.

Brooks, who is running for the Alabama Senate seat vacated by Atty. Gen. Jeff Sessions, said he would bring limited-government principles to the table if elected.

“If we get a principled conservative in the United States Senate … that is a huge message to the establishment, and they will be shivering in their boots,” he said of his campaign.

GLENN: Hello, America. A lot to talk about. Of course, what happened with the white nationalists. The Justice Department has opened the civil rights investigation into this. I don't know how much there is to investigate: They're Nazis, and they killed somebody.

But did the president go far enough? Was his statement also true? What role do we play in this? What is the future of a small government constitutionally minded people? Does that even exist?

Mo Brooks is a congressman who is running now for the Senate. And the election is happening tomorrow. He's a congressman for Alabama. He's running for the seat vacated by Jeff Sessions. And there is an interesting race going on and a battle inside this conservative movement. The election is tomorrow. Mo Brooks joins us right now.

(music)

GLENN: Welcome, Congressman Mo Brooks. How are you, sir?

MO: I'm doing great, Glenn. How about yourself today?

GLENN: Very good. As you probably know, you have our favorite clip of anyone ever on MSNBC, when you were trying to explain the economic crisis we were in. And this is what happened.

VOICE: We were looking at going -- reverting into a depression at that point. Everyone -- the fed chairman --

MO: Well, I disagree that we were going into a depression, but go ahead.

VOICE: Well, do you have a degree in economics?

MO: Yes, ma'am, I do. Highest honors.

VOICE: Okay. So --

PAT: I love that.

STU: "Okay. So --"

GLENN: You can tell us, Mo. That was satisfying, wasn't it? That moment was just like, "Oh, yeah, that felt good?"

MO: Every now and then, they pitch a softball.

(chuckling)

GLENN: So, Mo, tell us, first of all, your thoughts of what happened over the weekend in Virginia.

MO: Well, you know, it's very disheartening that there are still people out there who judge other people based on inherent qualities that those people have no control over: A skin pigmentation is not a basis for defining who we are. Ethnicity is not a basis for defining who we are. Sex is a basis for defining who we are. We should all be judged based on our conduct and how we interact with other people.

Unfortunately, there are still people in our society, on both sides of the fence, that look at skin pigmentation, sex, and ethnicity, when those should not be factors of concern.

GLENN: You reject outright nationalism and the national socialist Nazi movement?

MO: Well, I don't agree with socialism. I don't agree with Nazis. I don't agree with any group that says that your skin pigmentation alone makes you superior to another group. That's silly. I mean, skin pigmentation is skin pigmentation. You know, I've got freckles. Does that make me good or bad because I've got freckles? That's a form of skin pigmentation. It's so absurd.

And so, yes, I agree -- I disagree -- I disagree with anybody -- anybody who tries to define somebody else based on characteristics that they were born with. That is not what defines a human being.

GLENN: Now, you were -- you were a congressman who in 2016, endorsed Ted Cruz.

MO: I was his Alabama state chairman, and I was one of his national spokesmen for his campaign. So, yes.

GLENN: Okay. So now here comes this opening in -- you know, in the Senate. And you want to run for it. You're a great conservative small government guy.

And the president -- a couple of weeks ago, you were scheduled for an interview with us. Last week, President Trump endorsed your opponent Luther Strange. Any idea why that happened?

MO: It's baffling to me. Luther Strange is a decades' long Washington, DC, lobbyist. We all knew when President Trump declared that he was going to Washington, DC, to drain the swamp, the swamp was going to fight back. And Luther Strange is the swamp's candidate. So to me, there seems to be a conflict between draining the swamp and endorsing the swamp's candidate on the one hand.

And on the other hand, the president most recently was, rightfully so, complaining about Mitch McConnell and the do-nothing Senate. And the 60-vote rule that prevents us from passing our agenda. And I agree with the president, in that regard.

Yet, he endorses the person who supports the 60-vote rule that kills President Trump's agenda over the next three and a half years. So, yes, I'm puzzled by it. I don't know who gave President Trump this bad advice, probably Mitch McConnell. I do know the president is spread rather thin. He's got a lot of different issues he's got to focus on. But whoever it is that led him to endorse Luther Strange led him astray.

GLENN: If you go in, who do you caucus with?

MO: Well, I'm a Republican, so I'm going to caucus with the Republicans in the United States Senate. I do prefer a different leader. Mitch McConnell may be a nice guy. I really don't know him that well personally. But his job is to get through the United States Senate a repeal of Obamacare. His job is to get through the United States Senate funding for the border wall and stronger security measures. His job is to get through the United States Senate tax reform. His job is to do what must be done to get our deficit and debt under control. And, quite frankly, he has failed miserably on each of those different public policy issues. So it's time to try somebody knew, someone who perhaps can get the job done, someone more aggressive, more conservative, somebody who is able to persuade a majority of the United States Senate to do what our country needs doing.

Otherwise, it's going to be a wasted opportunity with us having the House, the Senate, and the White House.

GLENN: I've never seen anything like this in my lifetime, where they have more opportunity and a president who is providing total coverage for the Congress, just to -- just to snowplow through stuff.

MO: I don't get it either. It's baffling to me. It's puzzling to me. We have a once-in-a-lifetime opportunity to reverse Obamacare, a once-in-a-lifetime opportunity to try to get our deficit and debt under control before we suffer debilitating insolvency and bankruptcy that will do great damage to a country that our ancestors took centuries to build, once-in-a-lifetime opportunity to secure our southern border. Just go down the list of things that you, in 2009 and 2010, are focused on, as you helped the Tea Party movement that gave us the House of Representatives in 2010, where we gained 63 seats, if my memory serves me correctly.

And this is our chance. And to date, over seven months of President Trump's presidency, we have had zero -- zero significant legislative achievements that pertain to the major issues that face our country, the issues that I just itemized. And that's because the 60-vote rule in the United States Senate has empowered Chuck Schumer and the Democrats to control our agenda. And that's just craziness. You've got a choice: You can either support an archaic rule that was born in the 1800s, while there was still slavery, or you can go with America. And I choose America.

GLENN: We're talking to Congressman Mo Brooks who is running tomorrow the election in Alabama. Running for Jeff Sessions' Senate seat.

Let's talk a little bit about North Korea. What do you think is -- what are we headed with this, Mo?

MO: I believe that you're going to see a relationship between the United States and North Korea, akin to what we saw with China under Mao Zedong and the Soviet Union, under Josef Stalin and all of his successors.

In my judgment, the mutually assured destruction doctrine will work to deter North Korea from ever launching a first strike at the United States of America. Because a first strike by North Korea against America results in a retaliatory nuclear strike by the United States, that would turn North Korea into a sea of glass. And every single North Korean leader would be dead. The North Korean leadership acts crazy. But I tend to think they act crazy in order to achieve a smart purpose. I don't believe that they won't commit suicide.

So mutually assured destruction doctrine ought to work with them to prevent a first strike from ever being launched by either party, just as it has worked with the United States and the Soviet Union -- now Russia and China over the decade. However, to be on the safe side, we need to bolster our radar systems and our interceptor systems so that we can shoot down any missiles that may come from North Korea. Having said all that, we must not be distracted from the bigger threat. The bigger threat is Iran.

Iran -- mutually assured destruction doctrine may not work because of their religious beliefs, where they believe that giving up their own life in the furtherance of Allah's will is worthwhile. And if Iran gets nuclear weapons, with missile delivery systems that can knock out what Iran calls the little Satan, Israel, and knock out the United States of America, even if it means the total and complete annihilation of Iran, some of these Iranian leaders may do it as a matter of religious belief. And so I would tend to focus a little bit more on Iran and the threat that they pose, given that Barack Obama has empowered Iran to get nuclear weapons and the delivery system sometime within the next ten to 15 years.

GLENN: So do you have any insight at all on why President Trump ran on I'm going to tear up that Iranian deal, and then has come out and said, "No, no, we can't do that." Do you have any insight, any feelings on that, Mo?

MO: Well, I am baffled again. Once you make a campaign promise, I'm one of those who believes you ought to keep it. And I do not understand why the president may have said one thing on this particular issue, dealing with the Iran nuclear agreement, while he was a candidate, and not fulfilling whatever his campaign promise may have been, during the campaign.

That's -- that's akin to repealing Obamacare. We promised the American people we would repeal Obamacare. But apparently, there are a lot of people in the United States Senate and the House of Representatives that didn't really intend to keep that promise.

And the American people need to hold their feet to the fire to ensure that we deliver on the promise to repeal Obamacare. You just can't go through the motions and say, "Well, I tried. I voted that way."

In the Senate, you have tremendous power to force things to happen. And unfortunately, we don't have enough people in the United States Senate right now, fighting hard to force that repeal of Obamacare.

GLENN: Talking --

MO: There's nice guy stuff going on, instead of real fighters to achieve our goals.

GLENN: Talking to US congressman from Alabama, Mo Brooks, who is running for the Senate seat vacated by Jeff Sessions. That election happens tomorrow.

Mo, what happens to the -- the conservative movement or the Republican Party should voices like yours be brushed out and lost? And -- and voices -- and voices like Mitch McConnell and Paul Ryan or even worse, the Steve Bannons of the world are held up.

MO: I'm going to flip it a little bit and talk about what happens if we prevail. If we get a principled conservative in the United States Senate -- and as an aside, if anyone wants to help, please go to MoBrooksforSenate.com. MoBrooksforSenate.com.

But if we are able to prevail, that is a huge message to the establishment, and they'll be shivering in their boots. Okay?

This 60 percent rule that blocks us from repealing Obamacare, from funding the border wall, from dealing with deficits and debt, from getting rid of a lot of these giveaway programs that cause people to no longer respect the work ethic and that encourage the breakup of families, and having kids out of wedlock, because you get more money that way -- we can make huge strides, if we win -- if you elect Mo Brooks from the state of Alabama in this election, because it sends a message to Mitch McConnell, that he better get on the ball, that he better start working. And this recess, this vacation that the Senate is on right now, they should get back to work and continue to confirm every single one of President Trump's nominees to various positions. They need to get back to work on repeal of Obamacare. They also need to start thinking about new Senate leadership because it will be a debacle and an embarrassment for Mitch McConnell if after spending 5 to $10 million in attack ads against Mo Brooks and against Judge Roy Moore, if their handpicked establishment candidate, Luther Strange, does not win.

So we can send a huge positive message to the United States Senate and Washington, DC, that it's time for a change. We're not satisfied with a do-nothing Senate. We're not satisfied with allowing Chuck Schumer and the Democrats to be obstructionists because we let them. That's the message.

We have to win this race tomorrow. Then that message gets to Washington, DC. And they like keep their jobs, they might start working better.

GLENN: Mo Brooks for Senate. Mo -- M-O -- BrooksforSenate.com is where you can go and get more information and help out. And get to the polls if you're in Alabama. If you like what you heard, those -- that -- those polls open tomorrow. And if somebody doesn't get 50 percent, there will be a runoff. MoBrooksforSenate.com.

Mo, thank you so much. Best of luck to you. And, sir, thank you for the years of good service in Congress. And we hope that --

MO: Thank you, Glenn. Thank you for all your help.

GLENN: Thank you. We appreciate it.

VIDEOS

TPUSA's Turning Point tour LIVE with Glenn Beck

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

RADIO

Israel and Hamas sign Trump's historic deal. Will it work?

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

Gold is at $4k an ounce. What that means for YOUR dollar

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

Transcript

Below is a rush transcript that may contain errors

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

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

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

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

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

CAROL: It's over 4,000.

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

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

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

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

CAROL: Right.

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

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

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

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

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

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

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

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

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

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

GLENN: All right.

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

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

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

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

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

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

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

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

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

GLENN: Oh, my gosh.

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

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

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

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

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

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

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

CAROL: Yes.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

But gold keeps its value!

Keeps its value and hold it steady.

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

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

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

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

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

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

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

GLENN: Yep.

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

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

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

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

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

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

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

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

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

From big dollars.

They're investing in gold. 20 percent!

You should -- you should have some!

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

GLENN: Amazing.

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

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

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