Glenn Beck: The Forgotten Man


The Forgotten Man: A New History of the Great Depression

GLENN: You know, I'm watching the news, I don't even know what the heck is happening anymore. I saw on Drudge Report this morning that they are now looking for global regulations on banking and I'm thinking, oh, that doesn't sound good. I don't know -- uh-uh, I don't -- no, I don't think so. I don't like that idea. And I told you now for the last year, it reminds me, everything that we're doing, we did during the Great Depression. Obama is FDR 2 and the way you were taught history, you are probably thinking, well, FDR was pretty good; he had those fireside chats, which he probably couldn't have if he lived in Seattle now. But FDR, he changed America. And not in a good way. He changed America. Amity Shlaes is the author of "The Forgotten Man" which I think, it's out in paper back, isn't it now, amendment?

SHLAES: Yes, it is.

GLENN: And it's a fantastic book and I've been telling people you've got to buy this book. You know what I love is amendment and I traded e-mails about a week ago and she said, I just, I really think this is a book that should be studied, it should -- you know, I really hope that the educational system will pick this book up and use it and I'm thinking, no, no, no, no, no, no. If you name it The Forgotten Manifesto, then they would pick it up in schools, but I think this is -- there's too much common sense in this, Amity.

SHLAES: Actually I'm going to be teaching it all summer to high schoolteachers. Am I lucky? Is that great? Yeah.

GLENN: Aren't they going to be locked up in prison for teaching this history?

SHLAES: They are going to read "The Forgotten Man." So that's really exciting. So we have a lot of new material for teachers and readers in the book like time line at the front and casted characters at the front because it makes it easier to read.

GLENN: Okay. I want to ask you about, because we had the anniversary of going off not the gold standard but we used to write contracts and at any time somebody could say, hey, I'd like this in gold, please, right?

SHLAES: That's right.

GLENN: Right. And FDR said, no, not so much. And you say that changed everything. How?

SHLAES: Well, one of the things when you look at the oil price today, you are seeing at $4 and so on, $4 at the pump. What is that about? A lot of it is inflation. It's not just demand for oil. It's that there's too much money sloshing around. We all sense inflation. Even when you buy a plane ticket, you decide should I buy the plane ticket now or should I wait? How much more is it going to be in October? And that's a lot to do with the economic anxiety that we have today.

Well, in the old days there was a protection against that. You could write in any contract, I get the equivalent of this in gold. Gold measured by how much gold is worth today, the day that I signed the contract. And people loved those contracts, even the U.S. Government used them in World War I with the liberty lines. It said we promise to pay you in gold, gold worth what it's worth today. And it was the every man hedge against economic uncertainty against inflation and now when you've got that and, oh, they are changing things but I don't know what I can do about it and you are sort of primitively, vaguely, I don't know, getting adjustable rate mortgages or writing little clauses into things, they have FDR Bandit in June 1933. First he inflated and then he took away every man's defense from inflation. And you know, Glenn, this period is a lot like the Seventies, too, in terms of uncertain and we know what our parents went through in that period with their houses and their loans and their inability to sell the house. So that was inflation, a lot of that.

GLENN: Okay. But we're in a different -- I mean, everybody keeps saying that we're going through the 1970s again. I mean, I shouldn't say everybody. There's a lot of people that I talk to that are much more bullish than I am and they say, well, we're going through the Seventies, it's the stagflation thing. But Amity, I look at what is coming down the Pike from Obama or McCain even with the cap and trade and the global warming stuff and everything that is happening right now. And now this story that they want to have global regulations, I just think we are headed down the same road that we were in the 1930s.

SHLAES: Well, if you want to have political, really bad news, what you do is you get a President and a congress who all agree that government should be bigger.

GLENN: But that's what we've got. That's what we're headed for.

SHLAES: Exactly. And if you have not only Obama but also congress, you see how desperate the Republicans are. They are just trying to hope they can maybe filibuster, right?

GLENN: Right.

SHLAES: They are not hoping that they can control congress. Forget that. They are just counting their votes so they can object to things currently. That's where they're at. So you imagine a very strong Democratic picture, and for good or bad, the Democratic party feels like it has great license right now with the Kennedy anniversaries and the illnesses of Senator Kennedy in the past and lots of New Deal nostalgia, New Deal narcissism, it's about me, it's about my feelings, it's about the New Deal. You are right that all bets are off. There's no Ruben moment yet in the Obama campaign.

GLENN: Wait a second. Amity again in your book what I learned was the depression was elongated by, what, five times? It was elongated in America because you couldn't count on -- business couldn't do business because they couldn't count on anybody. They couldn't count on government. And that's what I hear from all of these people who run global corporations, giant, that want to do business here in America, they want to have the energy supply that they need, they want to be able to build coal to oil. They want to be able to build nukes. They will build any car that America needs to be built, but they won build it because they are afraid if they retool their manufacturing unit, if they go and spend all of this money doing whatever it is that congress will turn around and change the rules on them and they will be out billions and billions of dollars and they will collapse.

SHLAES: That's right. So what are we concerned about the most? It's the arrogance. It's a sense that they can go in and do whatever they like and, hey, experimentation is good. And that comes right out of the New Deal. I talk a lot about in the book Roosevelt saying, oh, let's do bold, persistent experimentation. Sounds fun. Somebody had to do something. But that spirit is there now. You'll hear about the importance of experimentation a lot in the coming year. And markets don't like that. I mean, we all know that. We watch markets television. Markets don't like uncertainty. Even good news can be bad news if it's really unexpected and you are not set up for it, right? So that is a factor that's making everyone so anxious right now. We have no idea what the limit of the political ambition is.

GLENN: So Amity, what does the average person do? I swear to you everybody can feel it in their gut. Everybody knows we got trouble much and we can make it through it. We always make it through it. It just depends on how bad the down side gets. We'll make it. We're going to be fine. Everybody's gut says there's a problem, but what people don't have is an answer. What does the average person do? They can't vote for either of these clowns. I mean, we're voting for the lesser of two evils and we know what's coming. So what does the average person do?

SHLAES: I think one, inform yourself a bit about history, but you let your candidate know that you know about the past, that you done want them to repeat that. Two, you -- I don't give investment advice but I am concerned about inflation. So you look for things that can defend you from inflation. You don't borrow too much. I think it sounds so childish and so unexciting, but I'm really concerned about schools, you know, that we can teach this stuff in our schools so kids can know the picture. Americans are hungry for history. I can't believe -- 

GLENN: You know what? You know what? Americans are hungry for actual history. The history that we weren't taught. Your book started me down a path that opened up doors for me that I had never even known. I didn't even know they existed in history. I had no idea, Amity, that this is the way things really were. You look at these things, after hearing stories from your grandparents, but they were -- I mean, the press was really controlled back then. I had no idea. And I started open -- this opened up doors and I started opening up other doors and looking at other scholars and other history, and I have to tell you it is amazing. And you are exactly right. When Americans understand true history, when they aren't afraid of opening up doors and saying, well, what's behind this one, and they look at it and they stare it down and they see what true history is, they will be able to see the clear right and wrong. They will know what their politicians are doing right now and what the consequence of those actions are. Right now we're just like, oh, yeah, well, somebody's got to do something. Yeah, not that. That's already been tried. That's already been done. Doesn't work out well in the end. Amity, thank you so much. We'll talk to you again.

SHLAES: Oh, thank you.

GLENN: Amity Shlaes, she is the author of The Forgotten Man and it's now in paperback.

Time after time, Americans have taken to the streets to defend our constitutional rights, whether it was our livelihood at stake -- or our lives. But, what was the point of all the civil rights movements that came before, if we're about to let the government take our rights away now?

On his Wednesday night special, Glenn Beck argued that Americans are tired of having our rights trampled by "tyrannical" leaders from state and local governments who are ignoring our unalienable rights during this pandemic.

"Our nanny state has gone too far. The men and women in office -- the ones closest to our communities, our towns, our cities -- are now taking advantage of our fear," Glenn said. "Like our brothers and sisters of the past, we need to start making the decisions that will put our destiny, and our children's destiny, back into our hands."

It took less than two months of the coronavirus tyranny to make America unrecognizable, but some Americans are fighting back, risking losing their jobs and businesses or even jail time, as they battle to take back our civil rights.

Here are just a few of their stories:

After New Jersey's Atilis Gym reopened in defiance of the governor's executive order, the Department of Health shut them down for "posing a threat to the public health." Co-owner Ian Smith says somebody sabotaged the gym's toilets with enire rolls of paper to create the public health "threat."

Oregon Salon owner, Lindsey Graham, was fined $14 thousand for reopening. She said she was visited by numerous government organizations, including Child Protective Services, in what she believes are bullying tactics straight from the governor's office.

77-year-old Michigan barber, Karl Manke, refused to close his shop even when facing arrest. "I couldn't go another 30 days without an income," he said. But when local police refused to arrest him, Gov. Gretchen Whitmer's (D) office suspending his business license instead.

Port of Seattle police officer Greg Anderson was suspended after he spoke out against enforcing what he called "tyrannical orders" imposed amid coronavirus lockdowns.

Kentucky mother-of-seven, Mary Sabbatino, found herself under investigation for alleged child abuse after breaking social distancing rules at a bank. After a social worker from child protective services determined there was no sign of abuse, he still sought to investigate why the Sabbatino's are homeschooling, and how they can give "adequate attention to that many children."

Dallas salon owner Shelley Luther was sentenced to seven days in jail after she defied the state-mandated stay-at-home orders to reopen her business.

Watch the video clip from Glenn's special below:


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It took less than two months of the coronavirus tyranny to make America unrecognizable. Leaders from state and local governments across the U.S. have flattened the curve of some of our most basic constitutional rights, but some Americans are fighting back — and risking jail time or losing their businesses.

On Wednesday night's GBTV special, Glenn Beck argued that we're witnessing the birth of a new civil rights movement — and it's time to build a coalition of common sense to keep America as we know it free.

Watch the full special below:

Use code GLENN to save $10 on one year of BlazeTV.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multiplatform network of voices who love America, defend the Constitution and live the American dream.

On the radio program Thursday, Glenn Beck sat down with chief researcher Jason Buttrill to go over two bombshell developments that have recently come to light regarding former Vice President Joe Biden's role in the 2016 dismissal of Ukrainian Prosecutor General Viktor Shokin.

"Wow! Two huge stories dropped within about 24 hours of each other," Jason began. He went on to explain that a court ruling in Ukraine has just prompted an "actual criminal investigation against Joe Biden in Ukraine."

This stunning development coincided with the release of leaked phone conversations, which took place in late 2015 and early 2016, allegedly among then-Vice President Biden, Secretary of State John Kerry, and Ukraine's former President Petro Poroshenko.

One of the audiotapes seems to confirm allegations of a quid pro quo between Biden and Poroshenko, with the later admitting that he asked Shokin to resign despite having no evidence of him "doing anything wrong" in exchange for a $1 billion loan guarantee.

"Poroshenko said, 'despite the fact that we didn't have any corruption charges on [Shokin], and we don't have any information about him doing something wrong, I asked him to resign,'" Jason explained. "But none of the Western media is pointing this out."

Watch the video below for more details:


Listen to the released audiotapes in full here.

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To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multiplatform network of voices who love America, defend the Constitution and live the American dream.

A recently declassified email, written by former National Security Adviser Susan Rice and sent herself on the day of President Donald Trump's inauguration, reveals the players involved in the origins of the Trump-Russia probe and "unmasking" of then-incoming National Security Adviser, Gen. Michael Flynn.

Rice's email details a meeting in the Oval Office on Jan 5, 2017, which included herself, former FBI Director James Comey, former Deputy Attorney General Sally Yates, former Vice President Joe Biden, and former President Barack Obama. Acting Director of National Intelligence, Richard Grenell, fully declassified the email recently amid President Trump's repeated references to "Obamagate" and claims that Obama "used his last weeks in office to target incoming officials and sabotage the new administration."

On Glenn Beck's Wednesday night special, Glenn broke down the details of Rice's email and discussed what they reveal about the Obama administration officials involved in the Russia investigation's origins.

Watch the video clip below: