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RADIOMarch 19, 2018

‘Passion of the Christ’ actor Jim Caviezel shares why God works through his films

For someone who played the lead in the greatest story of all time, Jim Caviezel seems like a pretty humble guy.

The Catholic actor, who is slated to play Jesus again in a sequel to Mel Gibson’s “The Passion of the Christ,” joined Glenn in the studio today to talk about what it’s like to be a believer in Hollywood and how he wants to continue to give his career over to God.

“It was always God through me that would make these films great,” Caviezel said. He added that his goal was always that “I don’t want them to see me; I want them only to see You [God].”

Caviezel is making headlines with another biblical role; he portrays the disciple Luke in his latest film, “Paul, Apostle of Christ,” which is coming to theaters this weekend.

On today’s show, he talked about the contrast between the value his faith gives to his life and the emptiness of Hollywood celebrity on its own.

“People will give up everything for a red carpet,” he said.

This article provided courtesy of TheBlaze.

GLENN: Jim Caviezel is in studio with us. A good man and a friend. We grew up, kind of together. I mean, we went to the same elementary school. And you were, what? Two years behind me, Jim?

JIM: I was -- I was in third grade when you were in eighth grade. But I saw you for a second in third grade.

GLENN: And you remember it.

JIM: I remembered you in the wide-legged corduroy pants.

GLENN: Yep. That was me.

JIM: Was it Robert Conine? Rose Krantz. Peter Janakey.

GLENN: Yeah. Oh, my gosh.

JIM: And we rode the bus -- the school bus together. I remember you -- I remember you jumping up and down, up on Peter Janakey's shoulders. I remember Sister Agnes Joseph coming to our class and said she just saw you debate the entire class. Michael Rosencrantz told me that that boy is a genius. And she was saying -- and Janakey was pretty genius too.

GLENN: Yeah, well, none of those stories were true. Yeah, none of those stories were true.

So how are you?

JIM: I'm good.

GLENN: Yeah. Now, you're in a new film called Paul: Apostle of Christ. I haven't seen it yet. When does it come out?

JIM: March 23rd.

GLENN: Last time I saw you, you had -- you were still reeling from, you know, the -- not temptation of Christ. But the --

JIM: Passion of Christ.

GLENN: Passion of Christ. And you were still reeling from that. And I think you are one of the bravest men I think I've ever met. One of the most loyal men to God that I've ever met.

And I think -- wrongfully persecuted for what you've -- what you've done. The standards that you've taken. You've been very careful and very true.

When you were in school, when we were there together, you made a promise to God. Can you talk about that?

JIM: I was given a gift. And I -- I think it's very difficult for God to give certain people gifts. Because once they get the opportunity, it starts out being, here, God, I'll give you all that. And it becomes, you know, nine for you, one for me, and then it eventually becomes nine for me, one for you.

So I just said that I would make the kind of films that would, you know, affect people's lives. Like, you know, It's a Wonderful Life. When I met Jimmy Stewart, I was a waiter for him. And I went and got him a drink. And I was working at a party. And they told me that I couldn't speak to any of the celebrities. And I saw that guy and I said, well, I could get fired for talking to him. So at the time, I had applied to the US Naval Academy. I applied three different times and didn't get in. And I had a shot at West Point. And I told him, you know, I know that you flew the liberators over Germany. And he was just shocked that I knew. Here I am 19 years old, 20 years old, and I knew so much about him.

GLENN: Uh-huh.

JIM: And I think that -- Clooney told me one time, George said that when they were at -- he was with Rosemary, his aunt, and they were at Stewart's house. And on the TV was his academy award, and Stewart said, you know, I wish I had done more.

And here's a guy that made arguably one of the greatest films ever made. I watch it every year. It's a Wonderful Life. I want to have that kind of affect on people. But it was always God through me that would make these films great.

GLENN: Is it true that you said, I want to play you?

JIM: No, I said, I don't want them to see me. I want them to only see you. And that became the difference. And to do that was on the cross, I felt the love that he had for me. But when I asked him to come closer than that, he said, you may not like what you're going to get. And I said, as long as they see you, that's all that matters. And what I felt was a broken heart because our Lord is not loved by most of our children. And, you know, I tell people, I know God loves you. And if you don't know that, then, you know, kind of live the life that makes people feel that. But those that say that -- that have accepted that, you know, just get up in the morning and tell Jesus that you love him. He needs to hear that too.

GLENN: You are -- you would have gotten along with Hollywood a long time ago. With the Jimmy Stewarts of the world. I think they were more like you.

JIM: Right.

GLENN: Now not so much. Now not so much. And yet you are consistently amazing in every role I have ever seen you in. You are just tremendous.

JIM: Glenn, I've this said before. Hollywood, at best -- you know, if that really is the world, at best, it can only like you. Because the love -- it does not come from man. It comes from God. So at best, Hollywood can like you. And I can prove it to you, when you go to the Academy Awards. Former winners are on the sideline. It's over the current winner. And you look at some of the films. And the substance that's coming out. And they're making all over that. People will give up everything for a red carpet. But the question you have to ask yourself is, do you want to be liked by many or loved by one?

GLENN: I have a friend, John Irwin, from the Irwin Brothers. And they just made a film. What was the name of it? Yeah. I Can Only Imagine.

It came out this weekend. It's supposed to make $2 million. It's a faith film. It's really good. It has Dennis Quaid in it. Supposed to make $2 million. It made $17 million. It's only in 1600 theaters. It's number three this weekend.

JIM: Yeah, that means the per screen average was more than the two films prior -- that are ahead of them. That's over $10,000 a screen.

GLENN: Yeah.

JIM: That's extraordinary.

GLENN: Yeah. And you're not reading about it anywhere.

JIM: No, you won't.

GLENN: Yeah, but since you were in Passion, things have changed. You don't need Hollywood as much as you did.

JIM: The system -- you know, the -- the truth is out there. And it's not going to go away. And, you know, the -- the --

GLENN: The Irwin brothers?

JIM: Yeah. He came up -- I don't know which one.

GLENN: John probably.

JIM: He did the Steve McQueen documentary. Did you see that? American Icon.

GLENN: Yeah. Yeah.

JIM: He handed it to me when I walked out. And I went home and watched it. And here, we can arguably say that Steve McQueen was one of the greats. Physical actor. A guy who was absolutely the king of cool. But what was cool about him, he was hot about something. He was an orphan kid essentially. And I watched this documentary, and it just moved me to tears. Even at the end, he was searching for something greater. And he said there was a recording of him that his wife had gave out. And he said he wished he had touched more people's lives from Jesus. Billy Graham was there at the end of his life.

And he -- he was looking for his Bible, as he was dying. And Billy Graham gave him his Bible, who was a great that just passed away.

STU: Yeah.

GLENN: And without Billy Graham, we would not have had the reaction from America. We needed his support, and he gave it to us on the Passion of the Christ.

GLENN: What do you think about the division between our faith sometimes? You know, between, you know, the Baptists and the Catholics and the Mormons and the Protestants and everything else. What do you -- how do we solve that and come together on bigger issues?

JIM: Well, it's certainly not going to be beating you over the head. I mean, if God wanted to, he certainly could beat us over the head.

GLENN: Yeah. Isn't he though?

JIM: What?

GLENN: Beating us over the head. I think he is starting to beat us over the head.

JIM: Well, it eventually can come to that. But right now -- I mean, there is a wrath and a justice that is coming if we don't essentially -- look, I really feel that the ideal way would be love that we would just naturally turn to him. And I got that at a young age.

But the -- we have an opportunity right now, to decide where we want to go. As far as, you know, our feeling, I do believe there is one truth. And we'll know that one day in heaven. If there were many truths, there would not be a truth. And there would be much divisions in heaven.

What there is probably the right way. But I look at Jesus and he did not beat people over the head with either turn or burn. Now, that is out there.

GLENN: Uh-huh.

JIM: But it's -- what I find is that you have the truth. Years ago, that would all -- it would be given to us, just truth. And essentially, that would become fire and brimstone. And now it's all grace. You know, all love and forgiveness and everything. But then that becomes sentimental hogwash. Our Lord is both truth and grace.

GLENN: Are you happy?

JIM: Yes. When I came in here, I was a little frustrated.

(laughter)

But generally, yes. Because I know that I'm -- you know, I -- I have the future forever with Jesus, you know, in heaven. And I tell people that. You know, I do believe it. And I do believe it's worth dying for. And I know I'm going to die someday. And I -- I tell people that because, you know, I tell people, yes, our Lord loves you. But I don't always feel that. It is hard. But, you know, come hell or high water, you do the right thing, no matter what.

You just try to keep doing it.

STU: Yeah. I want to talk to you a little bit about that. Because doing the right thing is really hard. And you're a guy who has actually walked that walk. You've really walked that walk.

JIM: You know Marcus Luttrell. That was the last event we were at. Marcus reached out to me because I put in a movie, The Count of Monte Cristo, "God Will Give Me Justice." And he wrote that on the cave wall.

GLENN: Yeah.

JIM: And he became close. And I was -- the last time I was with him, I was with him and Chris Kyle. And I never saw him again. Obviously, that night, we went out -- a great night. And he wanted to just talk about that. But how many soldiers that come up to me in the airports and, you know, Special Forces, guys just ask me about Jesus. They say, do you really believe in that? Because I heard you suffer. I heard you were struck by lightning. And had open heart surgery. That you went through horrible pains. Do you really believe in that stuff?

And why are they asking me that? And then eventually, they talk about, you know, I've had to take somebody's life, by my own hand.

GLENN: Yeah. Yeah. And what that's like. And is there a place in heaven for me? You know, almost like daring God. It reminds me of Gary Sinise in Forrest Gump when he's up at the top of the tower. He says, all right. God. You and me. And I just love to -- I identify with them.

GLENN: Yeah. Yeah.

JIM: That there are people out there that will suffer whatever it takes because they feel a brotherhood. And I feel that brotherhood with our Lord. And I want to let them know that they're loved.

GLENN: Back with Jim Caviezel here in just a second. He's got a new movie out, called Paul: Apostle of Christ. It is in theaters Friday, the 23rd. That's this Friday. You can find out more about it at Paulmovie.com. Twitter handle @Paulmovie.

Jim Caviezel, when we return.

GLENN: Jim Caviezel. You might know him from many -- many movies that he has been in. Most famously, obviously, he played Jesus in Passion of the Christ. But also Person of Interest. The People's Choice Award. And -- and now in a new movie, called Paul: Apostle of Christ. And you play Luke.

JIM: I do.

GLENN: Tell me about it.

JIM: Well, the film is right at the end of Paul's life, like the last two weeks. And he's in the Mamertine Prison in Rome. And this is during the -- one of the biggest terror reigns of Christians, which was during Nero. And I basically get into the prison. And I try to bring his message of hope to the Christian communities that are barely alive in that area. And, of course, they're crucifying and burning them. Using them as light fixtures all over Rome. And I'm trying to give this message of hope. And he really doesn't have the message that they're looking for. They don't know what to do.

And so really what the film -- when I read it, I said, this is now -- this is just -- we're all playing characters in Scripture right now. You know, often people, when they look at the Bible, they say, well, it's a piece of history.

It's not the same as if you were to go back -- you know, we were just talking about Berlin, Germany.

And that's a history, you try to learn from history.

But this is something quite extraordinary, when you read Scripture, because it -- it goes -- it permeates your brain, into your heart. And bypasses it, and goes into that. And it's really -- and we're all playing a different character, you know. I got to play Jesus in the Passion. But some of us get to play Judas. And some play the Pharisees, and some are Herod. And that's playing out now.

GLENN: The Pharisees, the real problem there was the hypocrisy. And there are a lot of us, are Pharisees right now.

JIM: Yes. And there are Judases out there too.

GLENN: You've -- you've -- you've taken quite a hit your whole career. What gets you through -- what do you -- I mean, your low points -- you know, you've had -- you are a great actor. And because of what you believe, they -- you're not -- you're not asked to be in all of the great films.

JIM: Uh-huh.

GLENN: How do you get through that?

JIM: I get through it because I was in the greatest film there ever was.

You know, look, the -- I -- I almost never became an actor. I almost never did The Passion of the Christ. I almost never married my wife Kerri. I almost never adopted my three children. All three of them had -- two had tumors. One had the cancer, sarcoma.

And I thought, well, I'm not the kind of guy that can adopt. You know, I'm just not -- I'm too selfish. That would have been the worst mistake of my life, if I had not done those things. The path of Christ is hard.

It is the road less traveled. It is --

GLENN: Yeah.

JIM: It is. But it is one that is beyond -- anything I've ever experienced. And I know it's the way for me. I know -- yeah, sure, I've pouted and played the victim. But I realize that, yeah, it's not really going to get it done.

Victim is not a strong position.

GLENN: Jim Caviezel. The name of the movie is Paul: Apostle of Christ. It is in theaters this Friday. Don't miss it.

GLENN: Welcome to the program. We're glad you're here. Jim Caviezel is here. And Pat Gray has just joined us from the Pat Gray Radio Roundup or whatever it is --

PAT: That's exactly what it is. Pat Gray Radio Roundup.

GLENN: Whatever it's called, it happens after this program. Pat, Jim Caviezel. Jim, Pat.

PAT: Jim, we've met actually before.

GLENN: Yeah. I know. I know. I just wanted to make sure of that. I was being a gracious host here.

PAT: Yeah. That's nice. That's nice. Good to see you again.

JIM: Good to see you.

GLENN: So, Jim, have you been down to Waco? You know Chip and Joanna Gaines?

JIM: No, I don't.

GLENN: Do you know of them?

JIM: No, I don't.

GLENN: Oh, you're kidding me. They're great. Do you watch TV at all or do you --

JIM: I watch a little bit here and there. Obviously, just doing a lot of the scripts --

GLENN: Yeah. I know. I know.

But I was down at Waco.

PAT: This weekend?

GLENN: That place --

PAT: It's amazing.

GLENN: -- has totally transformed. These people are -- they're so good. And -- and people are flocking from all over the country.

PAT: And they've completely repositioned Waco, Texas. Because Waco was, what? It was Branch Davidian. It was wacko Waco. And now they're transformed it into this desirable place to go.

GLENN: Yeah. And it's really -- it's amazing. Because here they are. They're people pretty much like you that just kind of live their principles. And they're not ashamed of their faith. And they do this little show on HGTV. And it's turned into this monster. And I don't think people in the -- I don't think people in New York or Los Angeles even understand it. They think, well, it's a husband and a wife. No, it's their principles and their values that really set them apart. And they just -- there was probably $100,000 down there.

PAT: I bet. It's always jam-packed.

GLENN: It's crazy. Yeah. And they're not even there. It's crazy what they've done.

PAT: Yeah, yeah, but everybody there is hoping for a glimpse. You know, maybe this is the day they'll be running out.

GLENN: No.

PAT: I don't know. Straighten the shelves.

(laughter)

GLENN: Yeah. Straighten things up.

So Jim is here because he's in a new movie, Paul: Apostle of Christ. And, Jim, I love the story of Paul. But the thing that sticks in my mind, in Paul's life -- well, there's many things. But -- but when he's on the wrong side, you know, the -- the death of James, he's -- he's mentioned just -- give me your coat. Kill him.

JIM: Oh, Stephen.

GLENN: Or, Stephen. Yeah, thank you.

He's standing there, and he's listening to Stephen. And he's helping riling up the crowd. And he doesn't do any of the beating himself. Beating to death. He just says, give me your cloak. I'll hold it for you.

JIM: Yeah, essentially. Probably taken their coats and handed them stones, and have at him.

GLENN: Yeah. And just -- just -- I mean, it's real evil manipulation.

JIM: Yeah.

GLENN: Where he was the guy kind of behind the crowd.

JIM: Yeah. I think that when Stephen called out, you know, I see the Son of Man, repeating the words of Jesus, I see the son of man sitting at the right hand of the father, coming in the clouds of heaven, that reflection in his eyes, he probably saw our Lord right there and probably was the beginning of the end of Saul.

GLENN: How difficult would it be for you if you knew that Saul was coming your way and -- and you were told, you know, Jim, I need you to go give him a blessing real quick?

How difficult would that have been for you? I think that would have been terrifying.

JIM: Well, of course. But I look at just some of the videos and pictures that I saw from what ISIS did to Christians last year, during Good Friday, where they literally executed them by crucifixion.

And I -- I think the modern day Christians really have to understand that, you know, we're all going to die some day. And, you know, being in heaven, I want to -- I'd rather be known as someone who did something for Jesus than spending eternity without doing much for him.

GLENN: You spend any time in the Middle East recently?

JIM: Yes. I had to shoot a movie out there. The Stoning of Soraya. And that really exposed Sharia law. And it -- it is just extraordinary what happens to women there.

GLENN: Yeah.

JIM: And I played a guy named Fredom Seronjom (phonetic), who was a guy who was just out there to write a story about the ayatollah takeover of the Shah. It was a peaceful movement and what not. And out of this comes this woman's story of being stoned to death. And the stonings still take place. So it was -- I don't feel like we have a lot of help from many of the groups here, you know, many of the women's groups that weren't there to help --

GLENN: I will tell you that it's been encouraging to us. We've raised probably $30 million now.

JIM: Yeah.

GLENN: To get some of these Christians out. We've taken 7,000 out of the Middle East. We're rescuing slaves --

JIM: That's great. Yeah.

GLENN: And it's remarkable that there is a -- while it's not talked about, there is this -- this, I don't know, underground, would you call it, Pat? Kind of this -- something that's not on the surface. And nobody is talking about. But there is real concern for that. And real -- the people really helping.

JIM: Good. A lot of people are helping. But they're doing it in -- in the -- in quiet ways, working in -- like you say, the underground.

GLENN: Yeah. The Christians are unlike everything I've ever met.

JIM: Chaldeans, Syrians, extraordinary.

GLENN: They're not like anything I've ever met.

PAT: They're committed. They have to be. And they are.

GLENN: You know what, I read a quote this weekend. I had written down a long time ago. And I had forgotten all about it. They tend church. Not attend church. You know, they're tending every day. They are there. They know what it is. It's not just a place they go to every Sunday.

JIM: Yeah.

PAT: And they take it seriously because it doesn't come easy for them, like it does us. You know, when you have to fight for something and put your life on the line for something, I think that changes you inside a little bit. It makes you more -- it makes you more committed. And they definitely are.

GLENN: Yeah. And we get so fat and lazy over here on everything. That we don't know -- it has no value. It has no value.

JIM: There's a great line in the film where Paul says, to live is Christ, to die is gain. You know, I'm sure many of those Chaldeans, Syrian Christians, and Coptics, believe in the same way.

GLENN: Yeah.

PAT: It true on another topic that there's a passion of the Christ sequel coming?

JIM: Yes.

PAT: And you're signed on for that?

JIM: Yes.

GLENN: As Jesus?

JIM: Yes.

GLENN: Wow.

PAT: Well, he'd have to be.

GLENN: I don't know. It's the next day --

PAT: Now I've turned into John. So surprise!

GLENN: I mean, you don't really look that different. You work out and all that crap all the time?

JIM: Yeah.

GLENN: Yeah. Yeah. It's overrated.

JIM: Fortunately -- well, I have to because so much of the work that you do involves stunt. So if you don't keep that up, you're going --

GLENN: Especially on that. I mean, on that one -- that one was pretty serious. Struck by lightning.

JIM: Yeah. Last shot of the movie. Very last shot.

GLENN: What went through your -- I mean, besides Jews. What went through on that?

JIM: I was -- I was scared. You know, just -- but it wasn't my time. You know, it was -- I had physical problems, you know, with electrical heart and everything like that after that. And I was on a lot of medication. So in 2009, I had my first heart surgery. And then 2014 --

PAT: Wow.

JIM: -- was open heart. They in the clinic saved my life.

PAT: And it was because of that?

JIM: Yes. It was a combination of the lightning bolt and then -- and then the -- the hypothermia and then the -- the -- the pneumonia.

GLENN: Have you thought about suing Mel? Just taking him for everything he's worth?

PAT: He's worth a few bucks now. You might want to think about that.

GLENN: He's a really nice guy. You know, I don't know him at all. In meeting him, he's really quite brilliant.

JIM: Oh, yeah. He's a freak show.

GLENN: Going about 1,000 miles an hour.

JIM: He would be the Michael Jordan in my business of what he can do. You know, he has the -- it's extraordinary with him because, you know -- you've seen him in Hamlet. He can do Hamlet. He can do his range. His humor.

But just -- you know, even looking at Lethal Weapon, when Steve McEveety produced the Passion, produced the lethal weapon with Mel. You know, the opening of the movie, he takes a gun. He's going to put it in his mouth. And he uses a bullet. And he's going to commit suicide. And just how he layers and takes the -- if you have an onion, just peels it away. And later on, he's up on the top of the building. This guy is going to commit suicide. He's smoking his cigarette up on the building. He said, come on, man, it's not good to commit suicide. It's really bad for your health. You know, and you're laughing your head off. Because you know this guy just takes his -- but how he sets it up. And he gets you focused over here. He's smoking a cigarette. Here, you want a drag. And then he throws up another ball up in the air. And while you're looking over here, sleight of hand, he puts the cuffs on the guy's wrist. And then he's like, oh, you jerk, I'm going to jump. He goes, do you really want to do it? Do it? You know, I want to do it. So you go, no. The movie is over. Jumps off. And, of course, they don't show it. But then they jump on that big old bag. This guy is nuts.

Mel goes, oh, that's fun. Let's do it again. But that's just -- I mean, that's flatout, straight-up Gibson.

GLENN: When do you go into production for this?

JIM: I heard -- when I was speaking to him last time, he says, I'd like to be going. And he gave me a certain date, by that particular time.

GLENN: You're not going to give it to us. I'm not looking for a scoop.

JIM: Yeah. But, no, he just said, I would like to be going at this particular time. This is the one, two, three -- he's on the fourth draft of the shift. So I started talking to him about this five years ago. Nothing was mentioned. Then last year, both Randall Wallace -- they wrote Braveheart together. And just to show you how hard it is, that blueprint is everything. And now he's on the fourth draft of this thing. So he finally broke it. That's why -- I had never said anything about it. But he finally figured everything out. It's kind of like Thomas Edison gets to the end. You go through the alphabet. So by way of analogy, he starts at A and gets to Z. And then he goes, oh, my gosh. I figured it out. But now he has to go back to A and start all over again. But he finally figured it out.

GLENN: Yeah. Jim, good to see you. Thank you so much. The movie opens up this Friday. It is Paul: Apostle of Christ, starring Jim Caviezel. You don't want to miss it. It's opening in theaters everywhere. It's Paulmovie.com.

AI gold rush: Is the next market disaster on the horizon?play icon
RADIO

AI gold rush: Is the next market disaster on the horizon?

The AI revolution promises to change everything, but what if it’s leading us straight into another financial collapse? Glenn Beck and economist Peter Atwater break down the eerie parallels between today’s AI boom and the 2008 housing crash, revealing how speculative hype, overvalued tech giants, and circular corporate investments are inflating a dangerous bubble. Could this “AI gold rush” be the next market disaster waiting to happen?

Transcript

Below is a rush transcript that may contain errors

GLENN: Is it not a bubble?

I don't know. Are we close to AGI or not close to AGI.

Again, I don't know.

Is it to change things? Yes. I saw a story in our show prep today. I'm not going to get a chance to get it. It's about other countries that are building these giant server farms. Their electricity and their water is being shut off because all of it being diverted to these big server farms. And if we're not careful, that's exactly what's going to happen to us.

Peter Atwater is a guy that Stu and I have been talking about for a while because he's comparing this AI bubble. He's like, "Look, I wanted to show you a chart. I'm not smart enough to figure out the chart. But let me show you a chart, and I want to show you a chart that I did in, like, 2007 or 2008 with the housing bubble! Wow, they kind of look exactly the same. And it's a little frightening."

Peter is with us now. Peter Atwater from the College of William & Mary. He's an adjunct lecturer there. He's the guy who coined the term K-shaped recovery.

Welcome to the program, how are you, sir?

PETER: I'm great, Glenn. Thanks very much for having me.

GLENN: You bet. Okay. So can you explain the housing -- or, not the housing bubble.

The AI bubble. Do you believe it is? And if so, why? And what does that mean?

PETER: I do believe it is.

And I study confidence and its impact on what we do.

And so what I see in the AI bubble is a lot of similarities to what we saw during the housing bubble. Where everybody wants to be involved.

There's a social frenzy to it. There's a want to, you know, make a lot of money, to see the opportunity in it.

There's a lot of speculation.

And what matters so much, to me as a researcher, is that this network that existed in the -- in the housing bubble. Where mortgages were sliced and diced.

And you had these conveyor belts that moved everything from, you know, mom and pop's house to folks all over the world.

GLENN: Right.

PETER: Now, it's within the AI system. Where you have enormous amounts of capital moving, but also equipment.

So it looks a lot like the Just In Time Network that we saw stumble during COVID.

GLENN: Okay. That doesn't make me happy. But there's a difference between the housing bubble, where it was all being inflated and resold and repackaged. And this, which does seem to be a game-changer on productivity. Where housing was not.

This seems to be like it could be a real game changer for economies. Agree or disagree?

PETER: Oh. There's no question, it will be a game changer. But we can think about it the same way we said dot-com was going to be a game changer. Like railroads. And all of these other things that we have in terms of speculative mania.

There's real productivity. Real improvement that comes from it. But what happens is that investors anticipate it happening far sooner, in far larger scale.

And much more profitably than it ever does.

GLENN: So what are you predicting? How is this going to -- how is this going to happen?

What's a bad case scenario, not necessarily worst?

I don't know if I can handle worst. Bad case scenario, and realistic scenarios.

PETER: Yeah. So to me, the realistic scenario is that valuations come down dramatically. At the same time, the build-out continues at a much lower pace.

And eventually, maybe a decade from now, it all settles out.

But in the meantime, there's a lot of financial pain that's going to go along with it. Particularly because today, more than 40 percent of an S&P 500 ties to AI.

GLENN: Like seven companies. Right?

PETER: Seven companies, and -- and the ones that are closest to them. So that, you know, retirees, pension plans, you know, folks that invest in index funds, have a super sized allocation to AI whether they realize it or not.

GLENN: Can you give me an example of this happening in history, that's not housing, but more industry?

PETER: Sure. You can go back to radio. In the -- in the 20s. I mean, RCA was a mammoth weight in the markets. Because people were incredibly excited about it.

You saw it even -- go back even further to canals. We -- we love new technology. Particularly where we can identify the efficiencies that we see coming from it.

STU: One of the things that's really interesting about the trends you've highlighted, Peter, is this sort of circuitous relationship with these companies. It's too complicated to go through all of it.

Just to give you one quick relationship here. And tell me if I'm understanding this right.

OpenAI, of course, buys a bunch of chips from NVIDIA. They're spending a ton of money with NVIDIA. NVIDIA is investing $100 million into OpenAI. OpenAI is -- has a 300 billion-dollar cloud deal with Oracle.

Oracle is spending tens of billions of dollars in chips with NVIDIA. And then NVIDIA is investing into OpenAI. There's a bunch of these arrows, that are pointing in this circular directions. And it seems like companies are flowing money back and forth to each other, and all these arrangements. And you wonder if there's any disruption here.

Are we looking at some sort of short-term collapse of all this stuff.

PETER: The -- the dog eating its tail phenomenon is extraordinary here. And what's so unusual about this one is, in prior bubbles, the -- the conveyor belts were among smaller participants.

But in this one, we had the largest technology companies in the world, to spinning money around, among themselves.

It looked like one of those Esther drawings, where the waterfall just keeps moving in perpetuity. And the challenge, particularly given that OpenAI is at the center of it, is that this is a company that is barely profitable. That is committing to hundreds of billions of dollars in commitments.

STU: Hmm.

GLENN: So what does it look like if it starts to fall apart? And what are the signs we should be watching for?

PETER: So what we know right now, is that everybody wants to be affiliated with AI in some way.

And so you end up with these late arrivals to the party.

And typically when a bubble bursts, the last guy to the party, is the first to leave. When you think of this in the context of a mortgage bubble.

Where it was the subprime lenders who showed up right at the tail end.

And then collapsed first. So I'm -- I'm watching to see these companies that are barely AI-related, that have tried to position themselves as being AI industry leaders. Who are likely to fail in the not too distant future.

They just need rarefied air to exist.

GLENN: Like what companies?

PETER: I don't have specific names to throw out there.

GLENN: Sure. Okay.

PETER: But they're typically smaller highly leveraged offerings. To very, very compelling, but untested technologies.

GLENN: Now, this would be -- I mean, if it collapses, I mean, that would be horrific for our economy.

But also, what -- what happens with the race with China? I mean, China is deeper into this than we are, at like crazy.

How -- how does this affect China, what happens to the race, how does -- I mean, how does this not move forward?

PETER: So I am by no means a China expert, but I would expect that if our confidence in AI begins to fall, confidence in AI more broadly will come under question.

STU: Hmm.

PETER: So they then face questions in terms of policy maker credibility. In terms of, why did you commit so much to this?

No difference than a CEO faces that test, when a bubble bursts.

GLENN: So what does success look like to you?

Because I'm not sure -- I had a really fascinating conversation a couple of weeks ago.

And he's going to come on the show in a couple of weeks with Max Tegmark, who is a brilliant AI ethicist. And we were talking about AI, AGI. And he believes that that may not be happening. And he makes a great case on this.

But is that the goal, or, I mean. Because what -- what is the goal that we're not going to hit, that would fall short?

That would cause this kind of stuff?

PETER: So I think you -- we tend to fall short in terms of immediate usage. So volume short.

But also profitability.

You know, if you go back through dot-com bubble. They all imagined this huge, you know, pot of gold at the end of the rainbow. And you're seeing the same wild fascination with the potential profitability for AI.

And, again, that may come, but it's unlikely too come at the speed and magnitude that people now expect. I mean, we're -- we're fans of science.

GLENN: Boy, I mean, in a way, that would be really, really good.

Because that -- what I worry about is AI advancing as quickly as everybody says it is. And then what happens to all the jobs so quickly. I mean, you just can't absorb that kind of an impact. If it happens that fast. So I don't know which is better.

PETER: So typically, we'll see a backlash against new technology. I mean, if you go back to the 1920 bubble burst. And you saw this backlash to, you know, innovate technologies like the vacuum. And the ironing board. And all these things that people said, took jobs away. Well, we'll have that same thing in all likelihood. And this time, too, to a point you made earlier, likely compounded by a greater awareness of the environmental consequences of this, and also, the cost that it creates in the average consumer, in terms of the utility bills.

GLENN: Hmm.

Can you explain one more thing? Because you're the guy who invented the K-shaped recovery. And as Stu and I talked about the K-shaped recovery -- can you explain that? K-shaped recovery.

PETER: Sure. So when COVID hit, I immediately saw that if you were a white-collar worker who could work from home, your confidence improved immediately. Whereas, if you were a, you know, somebody who worked if a warehouse. Or stocked shelves in the supermarket. Or hospital worker.

Your confidence didn't start to improve for a long time.

And from that, what I have seen is that the economy that results from these two different tracks of confidence, are vastly different.

And today, those are the top, whether it's because of the markets, or because of corporate earnings, growth. Those at the top feel invulnerable.

And they're spending like it. They're investing like it. They're living like it. They're living like there's no tomorrow.

Well, on the other hand, those at the bottom today, aren't sure how they will make it through the take. They're delinquent on their car loans. They're now worried about health care costs. And so to me, this K that -- this divide has created two classes of Americans.

You have the increasingly desperate, and those who feel invulnerable.

GLENN: That does not sound stable long-term.

PETER: It doesn't feel stable to me too.

And I worry that those who are in a position to do something about it, we're spending so much of our time in this country, fighting between the left and the right, and we're not seeing that our biggest divide is up and down.

That those at the bottom, there's a bipartisan hopelessness that exists.

GLENN: Hmm.

PETER: That I feel like Washington is not paying enough attention to.

Advice for Men in Their 20s & 30s to Achieve YOUR Life Goalsplay icon
THE GLENN BECK PODCAST

Advice for Men in Their 20s & 30s to Achieve YOUR Life Goals

Watch Glenn Beck's FULL Interview with Matt & Maxim Smith HERE

Are young men prepared for a future dominated by AI, surveillance, and shifting societal rules? Glenn Beck sits down with Matt and Maxim Smith to explore how young men can reclaim their agency and build real-life skills in an uncertain and ever-changing world.

Order a copy of Matt and Maxim Smith's Book: “The Preparation: How to Become Confident, Competent, and Dangerous” HERE

Trump told me why he's "DESTROYING" the White House...play icon
RADIO

Trump told me why he's "DESTROYING" the White House...

Construction for President Trump's ballroom has begun on the East Wing of the White House, and every Democrat in America has lost their mind. Does the President have the authority to alter a historic structure like the White House? Glenn and Stu discuss, as Glenn shares the story where he reveals even Trump was shocked at how easy it was to get the alterations approved.

Transcript

Below is a rush transcript that may contain errors

STU: Well, you still haven't really addressed why Donald Trump for is knocking down the White House for his own --

GLENN: Well, he just hates America.

STU: That's -- what I've been reading. Yeah.

GLENN: Right. And how crazy excited the left should be that he's knocking down something built by slaves. They're like, we've got to preserve that.

Slaves made that!

It's weird.

STU: I actually do have questions about this though.

GLENN: What? What question do you have?

STU: Well, and they come from, you know, everybody's source of thinking these days. Which are group texts.

GLENN: Uh-huh.

STU: I'm on with some friends. I have some really basic questions of like, I feel like, there would be a conversation and a bill passed if we're going to put a giant new building at the White House.

GLENN: No.

STU: That's not how it works at all.

Is it? How's it work? How does this work?

GLENN: You ready? So the president says, I want to change the White House.

STU: Okay.

GLENN: And the White House architect says, how would you like to change it?

And he says, this way. And they say, okay.

Well, you need to approve all the permits. Okay. I approve all the permits.

Okay. We change it. That's literally how it happens.

STU: Really? They can do anything they want.

GLENN: Well, I mean, within reason.

When I say within reason.

I think with restraint from public outcry.

Like, I want to paint the White House black.

Well, you know, as president, you can do whatever you want.

But I don't think that will fly with the American people.

STU: Hmm.

GLENN: So there some standards in there. I will tell you about a conversation I had with Trump next.
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(OUT AT 10:29 AM)

GLENN: Welcome to the Glenn Beck Program. We're glad you're here.

Thank you so much for listening. You know, Stu has been freaking out about the White House.

STU: I'm not -- I'm not freaking out. I just think it's an interesting. I thought there would be more of a process to something like this.

GLENN: No.

STU: Because I certainly was not think at this point, the American people understand what is about to happen. Which is like, the White House is about to double in size.

GLENN: Uh-huh.

STU: My -- just by my eyeball look at it.

It looks like it will maybe be more than two times the size.

GLENN: It's going to be large! But it's not the actual White House. It's part of the east wing.

STU: That's -- that's a totally misleading commentary.

GLENN: No. It's not.

GLENN: Because the White House is the original piece from the 1700s. Okay?

That's the center house. The east wing and the West Wing was not done until FDR. They were added later.

STU: It was a big deal.

GLENN: The biggest change in the White House since FDR. And happened in our lifetime. Right after 9/11.

The White House became enormous. But it was all underground.

STU: Okay.

GLENN: They completely changed everything underground.

STU: Yes.

GLENN: And we didn't have a conversation about that at all.

STU: Because it's underground!

I assume all sorts of things are happening underground. Our well-known monuments and buildings.

GLENN: Right. Sure.

STU: But this is -- this is -- it's not a -- they keep saying this.

They're going to be changed the West Wing.

GLENN: No. The East Wing.

STU: They're going to be changing the East Wing. That's not what they're doing. This is like doubling the size of the White House.

Now, I'm not opposed to that idea.

I'm just sort of surprised that it wasn't like a big conversation and a bill.

GLENN: All right. Okay. Okay. You ready?

So was Donald Trump.

STU: What do you mean?

GLENN: So I'm in the White House with him. And I'm up in the private quarters with him.

And he is showing me some things that he is doing. And talking to me about some other things that I can't talk about. Because he doesn't want.

I don't know.

STU: He doesn't want to discuss it.

GLENN: I didn't want to discuss it. And I don't know why.

Because it's all really good stuff.

So, anyway, we're taking about it. And then he brings up the ballroom.

And we're walking down the stairs, from the residents, and we're going into the ballroom.

And he says, you know, this is the ballroom that Abraham Lincoln had dinners here.

I said, you know, it's that window over there, that Fredrick Douglass had to open up the window and had to crawl in because they wouldn't let him in because he was black. And Abraham Lincoln was like, let him in. He's my friend. Why is coming through the window?

And we were talking about all the history of the ballroom. And that it's very, very small.

Because it was built in the 1700s. And we keep using that ballroom. And he's like, we have to have a bigger ballroom.

We have it out in the wet, and the cold and the rain. Yada, yada, yada.

And so he said, we come over to a window. And he's like, right there, I will build a big, beautiful ballroom.

And it's going to better than anybody thinks. It's going to be the biggest, most beautiful ballroom. And I'm just trying not to laugh. Because that's the way he describes it.

And he said, you know, surprised that I could do that.

And I said, I bet. How long is that going to take? What's that process like?

And he's like, right. That's what I asked.

He said, I went to the -- I went to the -- I don't know, chief usher or somebody. Whoever is in charge of the White House. I think it's the chief usher. He said, I think we should have a ballroom. He's like, what do I do?

And he said, well, you just have to talk to the architect.

So he went to the White House architect. Now, this is a guy who makes sure the integrity of the White House stays. Okay?

You can't make it into a modern house. Okay? You're not going to redesign the inside. You can add some gold I guess.

You can add a lot of gold, I guess. You can't make it into. You can't wreck the integrity of the White House.

And he said, you know, I just put these flagpoles in. And he's like, all I had to say was, I want to put some flagpoles in.

He said, yes, sir. Where?

He's like, what?

One in the front. One in the back. They were like, okay. Tell us where.

We went out into the yard. Right here. Right there.

And they put them up. And so he's talking to the White House architect. And he said, we've got to have a ballroom. And I think we should have it over here in the East Wing. A big, beautiful -- and he said, but what is this going to take?

And he's like, well, it's going to be very expensive. Are you expecting the people to pay?

And he's like, no, I'll raise the money for it. I'll pay for it, and I'll raise the money, extra, so American people are not going to pay for it.

And the architect said, well, then all you have to do is sign the permits.

And he's like, what?

And he said, well, you have to go through the permitting process.

He's like, how long will that take?

He said, well, the President is the one who controls the process and signs the permits. So as on short as you would like it to be, Mr. President.

And he's like, are you kidding me? And he looked at me, he's like, I'll have this done by spring of next year.

So he can change it. The -- what you have to understand is, the -- the east wing and the West Wing, those -- those are FDR.

So FDR went into a works project. And he added those wings.

The east wing is where the first lady's offices are.

Just the east wing is like, you know, it's -- it's just the east wing.

And it's --

STU: Okay. Shade of the east wing?

GLENN: Yeah. Yeah. But anyway, and so what he's doing is he's taking some of it town, and he's going to link it to the ballroom. And the bail room is going to be the biggest, beautiful ballroom in Washington DC.

It's going to link from there. So you will walk -- if you're in the White House, you will walk from the front door, through the -- the dining room.
Or, the east dining room. You'll go into the East Wing, and you'll go to the ballroom.

STU: I'm looking -- I'm at the renderings as we speak. And that's exactly --

GLENN: I've not even seen the renderings. Just describe it to me. Can I see it?

STU: No. They're mine. This is my computer.

GLENN: Okay.

STU: This is the -- I can't obviously show it to the people here. You can see it over here.

GLENN: Okay. It's big, beautiful. What a surprise, the tables are golden.

STU: By the way, it's different --

GLENN: That's amazing. Holy cow.

STU: My conversation about whether this is the -- the -- you can't. It's already zoomed in. They're not the best images.

Here.

GLENN: There's nothing wrong with that. What is wrong with that? It looks just like the White House.

It fits. It's appropriate.

STU: I was in the middle of saying. It's -- my conversation on this is not whether it is -- looks good or is appropriate or anything like.

I actually think his point on the ballroom is so obvious, every president should have been making it.

The fact that we don't have a big room to have state dinners in.

GLENN: Right.

STU: Unless you wanted to do them off campus everywhere else.

You have to have that, and why not have it at the White House. It makes a lot of sense.

GLENN: Except, I don't want to pay for it, as a citizen. I don't want a dime going for it.

You know what? Hey, all you Frenchies, you can eat on the lawn. Literally, on the lawn.

Just throw the food out on the lawn.

Yeah, I mean, I'm fine with that.

But if he wants to pay for it. If he wants to get rich people to pay for it, go for it.

I don't want any of my tax dollars going for it.

STU: Right. So my criticism is not how it looks. And that we need it.

We actually showed the inside of it. It seems like the facility we should have for these type of events.

We're going to have them somewhere. Why not have them there?

GLENN: Right. And who better to build it than one of the best builders of all time.

STU: Donald Trump. We've had this conversation about how you project American power.

GLENN: Yes.

STU: And I think Trump's approach to -- particularly in the Middle East. I think it's been effective around the world. Of these trappings actually are effective in diplomatic relations with other nations. Donald Trump has a lot of places that are lined in gold. That can have meetings. It's not like that's what he wants it for. The left tries to portray. Of course, he does.

No. It means something to him. And he knows how these people think.

GLENN: No. No.

Because I asked. I -- I won't tell the whole story.

But I really want to, really desperately.

STU: Hmm.

GLENN: But, you know, he's gilding everything.

And that's not necessarily my favorite look.

STU: Right.

GLENN: And -- and he -- he came in, Tania and I were alone in the Oval for a while. And we were talking about it.

And he comes in. He says, you know, I'm doing all of this.

You see all the gold? Yes. You can't miss it. You can't miss the gold.

And he's like, you know, it's so important. These foreign leers, they all come from palaces. And they don't understand. And I know, you know, the White House is different. America is different. But they understand power in a different way.

And he said, they are coming from these old countries. And these big buildings.

And these palaces.

And he said, it is important for us to project power.

STU: Yes!

GLENN: And that's -- and that is why he's doing this. Not because he likes gold. He's doing it to project power and wealth.

Notice how many prime ministers.

They're all flying in all the time, from all over the world. You know, I've never seen a president meet with so many foreign dignitaries in the White House all the time!

STU: Yeah. And the media likes to say, well, that's because he's self-important.

And he's --

GLENN: No. He's projecting American power.

STU: Yes. I think so too.

When I say it's important to him.

That's why it's important to him.

He believes it's an important tool in that world.

GLENN: Correct. It's not him.

He knows the language they speak. And not just body language or, you know, spoken language.

All of the entire -- that's what protocol is all about. It all means something.

STU: And so my criticism -- and it's not even criticism.

My observation is not whether it fits. Or whether we need it, or whether it's appropriate.

My -- I don't think my observation here in the group text, that we started this with, which is that, holy crap.

I don't think the American people have any idea what's about to happen. Like every time I bring this up to Glenn.

And we have to understand how these conversations work.

I say, people will look at the White House. And it will be totally different.

He's like, oh, president Tyler did on more than that. In 1940 -- shut up!

That's what I get from Glenn.

Oh, well, there was more changes underground. You don't understand the piping -- that he totally changed the -- the -- the piping back in 1807. You moron!

Okay. I'm sorry.

I didn't know that. What I think of. And, you know, FDR made these changes.

My whole life, it's been the same, pretty much from the outside.

I know what the White House looks like. You go up there, I look at the White House.

It looks like the White House.

It is not going to look like the White House when this is over. It is going to look like the White House plus another White House next to it.

And it's going to be, I think, massively impressive. But I'm surprised there's not more conversation about this.

GLENN: When was the last time you were in Washington, DC?

STU: The inauguration.

GLENN: So you would not believe the difference in the White House grounds.

STU: Hmm.

GLENN: The difference from, you know, when I went with George Bush.

You could stand right at the front gate.

STU: Right.

GLENN: You can't do that anymore.

They've taken the park. The park in the back is all gone.

The security --

STU: Just for security.

GLENN: Everything. All of the trees. Everything that has been done to not see the White House.

Except, for that iconic front.

STU: Yeah.

GLENN: You know what I mean?

Everything is -- is not really -- you don't see it like you used to anymore. You don't walk up to it.

STU: The last -- I was in town for the inauguration. Last time I actually walked by the White House.

It's been a long time.

GLENN: Oh, you would not.

You will not recognize it.

I mean, just driving by and seeing it.

You will get pictures and everything else. But walking by it.

Today, you wouldn't recognize it.

It's -- it's -- what has -- what has happened with security is so sad. When I have the bell from the White House front desk, they're will it used to be a little desk right in the front, right as you walk in. There was a desk, and a bell. And I -- I have it. I think it is from Tyler's, you know, administration.

STU: Of course.

GLENN: And you would walk in. And you would hit the bell. And you would say, I want to see the president.

And somebody would say, okay. All right. Sit over there.

And you would wait. And you might wait all day, but you got -- you can walk in without an appointment and see the president of the United States.

You're not getting within two blocks of the White House right now.

It's sad. It's sad what's happening.

STU: Yeah. And for good. I wouldn't disagree with that either.

It's for good reason, security-wise.

I think back, the classic. I think what everybody thinks of when they think of the White House.

Is the scene from Superman two.

GLENN: Try to remember.

STU: When they showed the White House. And it's supposed to be -- it's a motion picture.

But they were too lazy to actually get video footage of the White House.

So it's just a still.

And you can tell, because there's like things that should be moving. That aren't moving. Right.

GLENN: Is that because --

STU: I think that's Superman.

GLENN: On Independence Day, they blew it up.

STU: But that's another example.

You had that picture of what the White House looked like. And, you know, I guess from certain angles, it looks pretty much the same. From the front. You won't notice it. Because it's kind of wrapped around the back. The back is pretty iconic too.

It's not going to look like that anymore.

In some ways, it will look a lot better or impressive.

It is a major change. That when you say, hey, they're redoing the West Wing, putting a ball room in there. That's not what they're doing.

GLENN: East.

STU: Sorry, East. I hate Glenn.


GLENN: I'm only saying it because I know how much he hates it.