Glenn Beck: Declining Dollar



Related: Russia and China Ditch U.S. Dollar for Bilateral Trade


GLENN: Okay. We've got probably the spookiest dude ever. I mean, when I asked for somebody, an expert on a dollar, do we have to go to the guy who makes me cry myself to sleep at night? Damon Vickers from Nine Points Capital Partners in Seattle, I believe he's from Seattle. Damon, are you on the phone?

VICKERS: Yeah, I'm on the phone with you. Good morning, Glenn? How's it going?

GLENN: You are in Seattle, aren't you?

VICKERS: I am, where it's ‑‑ although the last couple of days it looks more like Alaska.

GLENN: Has it been real cold up there?

VICKERS: It's really cold. We've got ice storms and the city's shut down.

GLENN: Holy cow.

VICKERS: It was kind of like an ice skating rink for the last few days.

GLENN: Global warming.

VICKERS: It must be.

GLENN: I want to ask you about China and Russia making the deal. Have you seen this news yet?

VICKERS: I have seen it. I'm looking right at the photo, yeah.

GLENN: Okay. So what does this mean, Damon?

VICKERS: Well, I guess it means that they are really concerned about the weakness in the dollar. They're concerned about the fact that dollar is not a real viable currency because it's just so weak. I mean, you know, one of the things you've been covering on your show is the whole idea about inflation, hyperinflation, how does that happen, how does that happen to an economy, a world. And it's happened dozens and dozens of times. I mean, it's happened to almost every country in the planet.

GLENN: If I'm not ‑‑

VICKERS: Including the U.S.

GLENN: If I'm not mistaken, no one has ever in the history of the planet done what we are doing currently to our money and survived.

VICKERS: Uh, yes, that's accurate.

GLENN: Okay.

VICKERS: The end result was inflation that went through the absolute roof. I mean, whether ‑‑ I mean, it has hit ‑‑ it hit Greece, it hit China, Argentina, Brazil, Bosnia, Herzegovina, Zimbabwe. 231 million percent inflation as their currency disappeared and they all had the same basic precedents taking place. One was just the overwhelming amount of service on the debt, it just became totally unsustainable and the government kept on printing money to keep the illusion of prosperity and keep everybody kind of deluded. But the printing of money was like the, always the last desperate act that crashed the currency. China and Russia are not ignorant. They see this. They have something that we don't have, which isn't the case of China. They have got a tremendous pool and resource of labor. That's a real value that works at a good rate, about $1.50 an hour. And then you've got Russia which has a tremendous pool of what? Resources. Russia has tons of oil, tons of minerals, tons of forests. So those countries that actually have real things versus promises and IOUs which the United States has emerged into a country that has a tremendous abundance of are in a much more firmer position to dictate terms on a global basis. So this is a very interesting move between China and Russia.

GLENN: Is this a tremor? Is this something that people who, other countries say, okay, this is the first step towards getting out of the dollar and so I see what's the ‑‑ the handwriting is on the wall? Or is this something ‑‑ is this significant?

VICKERS: Well, I think it is significant because these ‑‑ Russia is one of the largest oil exporters on the planet and China is the principle manufacturing base for the planet right now. So for them to say that they are not ‑‑ they don't feel confident in facilitating trade as using the dollar as a base is significant. Keep in mind the reason why the dollar is ‑‑ kind of became the global currency of the world was because there were so many other currencies around the planet that failed and so, you know, they weren't ‑‑ you know, the unreliability of all those countries that we just mentioned, Zimbabwe and Zaire and all that kind of stuff that effectively we moved to the dollar because it was thought that the dollar was stronger and can be more stable. But with the type of weakness that we've seen in the dollar over the last year, over the last several years, over the last 30 years, it doesn't make sense for them to keep using it as a reserve currency. Because they will lose money by the time ‑‑ imagine, so you and I, Glenn, imagine we're countries and I sell you something and you need to pay for it six months from now, right? That's like settlement. When the goods finally, you know, finished and you get them and all that kind of stuff. But the dollar ‑‑ the money that I pay you with, right, if it's not stable, if it goes down in value and let's say 7, 10%, that means you are going to get 7 to 10% less. So you need a stable ‑‑ we need a stable ‑‑

GLENN: Right. We're screwing the rest of the ‑‑ while we're doing this and saying, well, we've got to bail all these things out, we've got to do this and this, we're screwing the rest of the world hard. They hate us. In the end we will destroy them along with destroying us if they just go along this route with us?

VICKERS: We need some type ‑‑ the West ‑‑ it's not just us, Glenn. It's also Western Europe, it's also, you know, the Spains, the ‑‑

GLENN: Sure.

VICKERS: The Irelands. It's really all of Westernized economies. And I think more, even more perverse than that is it's not just our currency that's at stake. It's the Democratic, what we know as the Democratic system.

GLENN: Yeah.

VICKERS: Is at stake. Because the more powerful, more efficient, more functional economies on the global basis are China and Russia. They are more competitive and they have a better form of efficient production and change and more ‑‑ they have a better form of functional ‑‑

GLENN: Well, it's called state capitalism but really it's national socialism.

VICKERS: Yeah. Well, they're definitely sick people.

GLENN: Yeah. So ‑‑

VICKERS: The Chinese we can stop at the fact that we don't want to cut monkeys' heads open on tables, yeah.

GLENN: So Damon has ‑‑ by the way, he's writing something on hyperinflation in today's e‑mail newsletter available at GlennBeck.com, but talk to your family about this during Thanksgiving. Damon, if I could ask you two things before we cut you loose. One, what should people tell their families as everybody is gathering for Thanksgiving, what is it they should be telling their families to prepare for or to do? And what can the average person ‑‑ I mean somebody who has very little in a 401(k) or ‑‑ for instance, my daughter is dating somebody who has a 401(k). He's 25 years old. He doesn't know what to do. And what do you do?

VICKERS: Well, I think, one, be aware. I think you do an outstanding job of covering, covering conversations and areas of thought that most people are too scared to talk about or even look in the box. So the fact that we're talking about I think is a great thing. The currency, the changes that are on the horizon are real. They're in place. The momentum is moving in that direction and I think we begin talking about it. I think we begin having a constructive conversation as to really what we want our world to look like because we're in the process, and I write about this in The Day After the Dollar Crashes, that we're in the process I believe of transforming and emerging into a new, perhaps a new type of global government. And it's ‑‑ I think it's important for us now at this point to begin talking about it and talking about what we would like that to look like. And in terms of the currency situation, you know, it's crazy. You know, you talk about Zimbabwe. Zimbabwe in 1980 was roughly at parity with the U.S. dollar. Dollar for dollar in 1980. And I believe it went as high as 100 trillion to one, and that's just crazy. So if anybody doesn't believe that, we're offering a free $50 trillion Zimbabwe note. This is actual legal currency tender in the country of Zimbabwe.



Related: A genuine $50 Trillion Zimbabwe Bank Note, actual legal tender in the country of Zimbabwe.


GLENN: I have some.

VICKERS: $50 trillion note for free for the first 300 callers. Call 1‑800‑553‑0553, 800‑553‑0553. Take a look at this thing. $50 trillion. And it used to be worth $50 trillion and now $50 trillion can't even buy you a cup of coffee.

GLENN: If we just had a few of those, we could just pay off the debt and then some. Vic Vicky know it, I know it.

GLENN: Damon Vickers, Nine Point Capital Partner and author of the book The Day After the Dollar Crashes it's not out yet, right?

VICKERS: It's not out yet. They rushed it up to January ‑‑

GLENN: Could you get a copy of it to me right away?

VICKERS: Oh, absolutely. I think we sent you the manuscript and at one point thanks to your show and the power of Glenn Beck, it hit the top 20 nationwide.

GLENN: Okay, good. Well, when it comes out, we'll talk again.

VICKERS: Absolutely.

GLENN: The Day After the Dollar Crashes, Survival Guide For the Rise of the New World Order, which is spooky. All right, Damon, thank you very much.

VICKERS: All the best.

GLENN: Appreciate it. Bye‑bye.


 

It's not as easy as it used to be for billion-dollar entertainment empires like The Walt Disney Company. It would be more streamlined for Disney to produce its major motion pictures in its own backyard. After all, abortion in California is readily available, as well as a protected, cherished right. And since abortion access is critical for movie production, right up there with lighting equipment and craft services, you would think California would be the common-sense choice for location shooting. Alas, even billion-dollar studios must pinch pennies these days. So, in recent years, Disney, among other major Hollywood studios, has been farming out production to backwater Southern lands like Georgia, and even Louisiana. Those states offer more generous tax breaks than Disney's native California. As a result, Georgia for example, played host to much of the shooting for the recent worldwide box office smash Avengers: Endgame.

But now it looks like it's Georgia's endgame. The state recently passed what is known as a "heartbeat" bill – a vicious, anti-woman law that would try to make pregnant women allow their babies to be born and actually live. It's a bridge too far for a major studio like Disney, which was largely built on creating family entertainment. How can Disney possibly go about making quality movies, often aimed at children, without access to unfettered abortion? It's unconscionable. Lack of abortion access makes it nearly impossible to shoot movies. So, what's a major studio to do? Disney might have considered migrating its business to Louisiana, but that state too has now signed a heartbeat bill into law. It's utter madness.

These monstrous anti-abortion bills, coupled with having to live under President Trump, has led Disney to seek a new home for its legendary movie magic. Last week, Disney's CEO, Bob Iger, announced that all future Disney movies will now be filmed on location in the Sub-Saharan African nation of Wakanda.

"Disney and Wakanda are a match made in heaven," Iger told reporters. "Wakanda was, until recently, a secret kingdom, much like our own Magic Kingdom. With this new partnership, we'll not only get to continue our legacy of making movies that parents and children everywhere enjoy together, but we'll get to do so in a safe space that reveres abortion as much as we do."

Wakanda is one of only four African countries (out of 55) that allow unrestricted abortion.

As home to the most advanced technology in the world – and with the planet's highest per-capita concentration of wokeness – Wakanda offers women painless, hassle-free abortion on demand. As the Wakandan health ministry website explains, the complete absence of any white-patriarchal-Judeo-Christian influence allows women in Wakanda to have complete control of their own bodies (with the exception of females who are still fetuses). As winner of the U.N.'s 2018 Golden Forceps award (the U.N.'s highest abortion honor) Wakanda continues its glowing record on abortion. That makes it an ideal location for Disney's next round of live-action remakes of its own animated movies in which the company plans to remove all male characters.

Iger says he hopes to convince Wakandan leadership to share their top-secret vibranium-based abortion procedure technology so that American women can enjoy the same convenient, spa-like abortion treatment that Wakandan women have enjoyed for years.

Wakanda is one of only four African countries (out of 55) that allow unrestricted abortion. Disney plans to boycott and/or retaliate against the other 51 African nations, as well as any U.S. states, that restrict abortion. Specific plans are being kept under wraps, but sources say Disney's potential retaliation may include beaming Beverly Hills Chihuahua into the offending territories on a continuous, indefinite loop.

When asked how Wakanda's futuristic capital city and distinctly African landscape would be able to double for American movie locations, Iger said, "I guess America will just have to look more like Wakanda from now on."

One potential wrinkle for the Left-leaning studio is the fact that Wakanda has an impenetrable border wall-shield-thing designed to keep out foreign invaders as well as illegal immigrants. Iger said he understands Wakanda's policy of exclusivity, adding, "After all, not everyone gets into Disneyland. You have to have a ticket to get in. Anyone is welcome, but you have to go through the process of getting a ticket." When one reporter pointed out that Iger's answer sounded like the conservative argument for legal immigration under the rule of law, Iger insisted that the reporter was "a moronic fascist."

What if the unthinkable happens and Florida also enacts its own "heartbeat" law? That would be problematic since Walt Disney World is located in Florida. Iger responded that Disney would "cross that bridge if we get to it" but that the most likely scenario would entail "dismantling Disney World piece-by-piece and relocating it to the actual happiest place on earth – Wakanda." As for whether Disney would ever open character-themed abortion clinics inside its theme parks, Iger remained coy, but said, "Well, it is the place where dreams come true."

With the Wakanda solution, Disney may have found a place where Minnie Mouse can finally follow her heart and have true freedom of choice.

When pressed about the cost of ramping up production in a secretive African kingdom that has no existing moviemaking infrastructure (which could easily end up being much more expensive than simply shooting in California) Iger said, "You can't put a price tag on abortion freedom. Wakanda Forever and Abortion Forever!"

With the Wakanda solution, Disney may have found a place where Minnie Mouse can finally follow her heart and have true freedom of choice. And that will be welcome relief to traditional families all over the world who keep the Walt Disney Company in business.

*Disclaimer: The preceding story is a parody. Bob Iger did not actually say any of the quotes in the story. Neither is Wakanda an actual nation on planet Earth.

"Journeys of Faith with Paula Faris," is a podcast featuring conversations about how faith has guided newsmakers and celebrities through their best and worst times. The Church of Jesus Christ of Latter-Day Saints is a much maligned religion so Glenn joined the podcast and took the time to explain what it means to him and how it changed his life.

From his suicidal days and his battle with drugs and alcohol, it was his wife Tania and his faith that saved him. All his ups and downs have given him the gift of empathy and he says he now understands the "cry for mercy" — something he wishes he'd given out more of over the years.

You can catch the whole podcast on any of the platforms listed below.

- Apple Podcasts
- Google Podcasts
- TuneIn
- Spotify
- Stitcher
- ABC News app

One of these times I'm going to go on vacation, and I'm just not going to come back. I learn so much on a farm.

You want to know how things work, go spend a summer on a farm. You're having problems with your son or daughter, go spend a summer on a farm.

My son changed. Over two weeks.

Getting him out of bed, getting him to do anything, is like insane. He's a 15-year-old kid. Going all through the normal 15-year-old boy stuff. Getting him on the farm, where he was getting up and actually accomplishing stuff, having to build or mend fences, was amazing. And it changed him.

RELATED: 'Human Wave Theory': Connecting the dots on the strategic attack on our border

Our society does not allow our kids to grow up, ever. I am convinced that our 15-year-olds could be fixing all kinds of stuff. Could be actually really making an impact in a positive way in our society. And what's wrong with our society is, we have gotten away from how things actually work. We're living in this theoretical world. When you're out on a farm, there's no theory here. If it rains, the crops will grow. If it rains too much, the crops won't grow.

If there's no sun, they won't grow. If there's too much sun, they'll shrivel up and die. There's no theory. We were out mending fences. Now, when I say the phrase to you, mending fences, what does that mean? When you think of mending fences, you think of, what?

Coming together. Bringing people together. Repairing arguments.

I've never mended a fence before until I started stringing a fence and I was like, "I ain't doing this anymore! Where is it broken? Can't we just tie a piece of barbed wire together?"

Let's stop talking about building a wall. Because that has all kinds of negative imagery. Mending fences is what we need to do.

That's called mending fences.

And why do you mend fences? So your animals don't get out and start to graze on somebody else's land. When your fence goes down, your cow is now on somebody else's land. And your cow is now eating their food.

We look at the phrase, mending fences as saying, hey. You know, we were both wrong. Mending fences has nothing to do with that.

Mending fences means build a wall. My neighbors and I, we're going to get along fine, as long as my cows don't go and steal their food, or their cows don't come over and steal my cow's food.

We're perfectly neighborly with each other, until one of us needs to mend a fence, because, dude, you got to mend that, because your cows keep coming over and eating my food.

You know what we need to do with Mexico? Mend fences.

Now, that's a phrase. You hear build a wall. That's horrible.

No, no, no. We need to mend fences.

In a farming community, that means putting up an electric fence. That means putting up barbed wire.

So the cows — because the cows will — they'll stick their head through barbed wire. And they'll eat the grass close to the road. Or eat the grass close to the other side of the fence. And they'll get their heads in between those fences. And they can't get out sometimes. Because the grass is always greener on the other side. You look at these damn cows and say turn around, cow — there's plenty of stuff over here.

No. They want the grass on the other side of the fence.

So you mend it.

And if it's really bad, you do what we do. We had to put an electric fence up. Now, imagine putting an electric fence up. That seems pretty radical and expensive.

Does it really work? Does it shock them? What does that feel like to a cow?

The cows hit it once, and then they don't hit it again. They can actually hear the buzz of the electric fence. There's a warning. Don't do it. Don't do it. They hear the current and they hit it once and they're like, "I'm not going to do that again."

So you mend fences, which means, keep your stuff on your side. I like you. We're good neighbors. You keep your stuff on your side and I'll keep my stuff on my side and we'll get together at the town hall and we'll see each other at the grocery store. Because we're good neighbors. But what stops us from fighting is knowing that there is a fence there.

This is my stuff. That's your stuff. But we can still trade and we'll help each other. But let's stop talking about building a wall. Because that has all kinds of negative imagery. Mending fences is what we need to do.

You can have a tough fence. It could be a giant wall. It could be an electric fence. But you need one. And that's how you come together.

The side that's having the problem, mends the fence.

The following is part of an ongoing experiment by Glenn Beck program heartthrob, Stu Burguiere, to begin watching Game of Thrones in its final season, without any previous context. Other than highlights shown in commercials, Stu has never seen a second of Game of Thrones, and has never read a word about its characters or plot lines.

PREVIOUSLY on Game of Thrones: it seems like all the people who hated each other but then started working together, now hate each other again.

WARNING: MAJOR SPOILERS THIS WEEK!

- I think I missed last week's episode, but it's possible the opening credits have just been playing since last week, and I joined at the right time
- Uncle Fester is writing a letter
- Angry Elf is still alive
- Uncle Fester and John Snow(?) are saying their queen doesn't want to eat and shouldn't be left alone
- John Snow doesn't want to be king?
- Queen Blondie has a nice open air balcony with a sweet view
- Angry Elf apparently needs to ask Queen Blondie's permission before doing things, she must have a higher rank
- Uncle Fester burns his letter and hides his ring
- Uncle Fester brought to the beach at night
- Queen Blondie's name is Denarys! (or similar!)
- Uncle Fester sentenced to death by dragon fire breath
- There is some hidden truth about John Snow (maybe he's transitioned?)
- Queen Blondie and John Snow make out because the time immediately after burning a man to death is very romantic
- If some city rings bells, Queen Blondie will stop the attack
- "Next time you fail me, will be the last time you fail me" says Queen Blondie to Angry Elf
- Not a lot of smiling going on in this region
- Angry Elf tries to tell Obi Wan Kenobi a secret, which is difficult because of their height difference
- Frumpy Girl wants to kill Sercy?
- Someone known as the "Stupidest Lannister" is in prison
- Stupid Lannister gets freed by Angry Elf, going to do something to stop a lot of innocent people from dying
- "Tens of thousands of innocent people for one not so innocent dwarf. Seems like a fair trade"
- Angry Elf gives emotional speech to Stupid Lannister who was the only person around who was nice to him as a kid. A little middle school drama.
- Stupid Lannister has gold hand
- Doors to break into castle has disturbing amount of space between them
- 2 big armies stare each other down. At this point, it's important to note that I don't know why they're fighting or who they are
- Queen Love Child of Mick Jagger and Robin Wright makes an appearance
- Dragon versus old times wooden boats proving to be a bit of a mismatch
- Seems like instead of making lots of crossbows, these people should put their resources into dragon development and recruiting
- Dragon proves that my concern about the space between the doors was misplaced
- Unclear why they even bother to send an army when they have the dragon
- Queen Blondie is riding a dragon again. She should spend time making a saddle to make it easier
- Bells in the city ring, which is supposed to stop an attack—even though it's kind of already happened
- My interpretation is the people in the city surrendered, but Queen Blondie kept attacking, killing lots of people for no reason
- This horrifies John Snow and Angry Elf. Queen Blondie has gone dark… not with the hair, but with her murderous tendencies
- Considering all the stabbing and beheading, the dragons flame might be the preferable way to die
- Stupid Lannister is fighting with the lead singer of Coldplay,who apparently swam to safety following near direct hit from dragon
- Stupid Lannister gets himself stabbed
- Queen Mick Jagger/Robin Wright finally figures out she's going to lose and leaves her fancy tower
- Coldplay Lead Singer gets stabbed too. Stupid Lannister's name is possibly Jim Lannister?
- Frumpy Girl contemplates getting revenge on someone, maybe the Queen. Then thanks tall guy named Sandor or maybe Sandle
- Sandle's brother is a guard for the Queen. He kills the Queen's assistant so he can fight Sandle
- Big guard guy looks like Darth Vader without his helmet
- Stupid Lannister has connection Mick Jagger/Robin Wright Queen. She's in a very desperate place, similar to Robin Wright when she married Sean Penn
- Giant Darth Vader without his helmet gets stabbed with long sword, seems to enjoy it
- Again, since the dragon has done all the work, why did they send all these important people into this city?
- Frumpy Girl getting trampled, keeps getting saved at last second, indicating she's an important character
- Giant helmet-free Darth Vader gets stabbed a dozen times or so without dying, so his brother, now without eyes, tackles him off the side of the castle, probably killing them both
- Very dusty with the buildings all collapsing around them. Feels like there could be some fertile ground for the mesothelioma lawyers of the time
- Stupid Lannister and Mick Jagger/Robin Wright Queen escaping in underground tunnel
- Underground tunnel is no longer a tunnel
- Frumpy Girl really mourning lady who helped her up in previous scene
- Everyone is charred, but a horse inexplicably totally fine
- Again, Frumpy must be a big character for all of these nice coincidences to happen to her