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 been a tough year, America. Our news media is inundating us with images of destruction, violence, and division in attempts not only to desecrate our nation, but to make us turn our backs on it. That's why now, more than ever, we need to take an up-close look at America's history to remember what it is we're fighting for and how to fight for it with practical action.

Join Glenn Beck, broadcasting from Standing Rock Ranch, as he takes us to Plymouth, Gettysburg, and Federal Hall on an important journey through America's remarkable history to inspire a brighter future. Glenn asks the hard questions of every American. Is this system worth saving? Is there a better way? Where do we go from here, and how do we answer those questions?

Featuring performances from the Millennial Choirs and Orchestras, David Osmond, a very special children's choir, and guests Bob Woodson, Tim Ballard, David Barton, Burgess Owens, Kathy Barnette, Anna Paulina Luna, and Tim Barton.

Watch the full special presentation below:


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"Restoring Hope" has been a labor of love for Glenn and his team and tonight is the night! "Restoring the Covenant" was supposed to take place in Boston, New York, Philadelphia, Gettysburg and Washington D.C. but thanks to COVID-19, that plan had to be scrapped. "Restoring Hope" is what was left after having to scrap nearly two years of planning. The Herald Journal in Idaho detailed what the event was supposed to be and what it turned into. Check out the article below to get all the details.

Glenn Beck discusses patriotic, religious program filmed at Idaho ranch

On July 2, commentator Glenn Beck and his partners will issue a challenge from Beck's corner of Franklin County to anyone who will listen: "Learn the truth, commit to the truth, then act on the truth."

Over the last few weeks, he has brought about 1,000 people to his ranch to record different portions of the program that accompanies the challenge. On June 19, about 400 members of the Millennial Choir and Orchestra met at West Side High School before boarding WSSD buses to travel to a still spring-green section of Beck's ranch to record their portion of the program.

Read the whole article HERE

The current riots and movement to erase America's history are exactly in line with the New York Times' "1619 Project," which argues that America was rotten at its beginning, and that slavery and systemic racism are the roots of everything from capitalism to our lack of universal health care.

On this week's Wednesday night special, Glenn Beck exposed the true intent of the "1619 Project" and its creator, who justifies remaking America into a Marxist society. This clever lie is disguised as history, and it has already infiltrated our schools.

"The '1619 Project' desperately wants to pass itself off as legitimate history, but it totally kneecaps itself by ignoring so much of the American story. There's no mention of any black Americans who succeeded in spite of slavery, due to the free market capitalist system. In the 1619 Project's effort to take down America, black success stories are not allowed. Because they don't fit with the narrative. The role of white Americans in abolishing slavery doesn't fit the narrative either," Glenn said.

"The agenda is not ultimately about history," he added. "It's just yet another vehicle in the fleet now driven by elites in America toward socialism."

Watch a preview of the full episode below:


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Acclaimed environmentalist and author of "Apocalypse Never" Michael Shellenberger joined Glenn Beck on the radio program Wednesday to warn us about the true goals and effects of climate alarmism: It's become a "secular religion" that lowers standards of living in developed countries, holds developing countries back, and has environmental progress "exactly wrong."

Michael is a Time "Hero of the Environment," Green Book Award winner, and the founder and president of Environmental Progress. He has been called a "environmental guru," "climate guru," "North America's leading public intellectual on clean energy," and "high priest" of the environmental humanist movement for his writings and TED talks, which have been viewed more than 5 million times. But when Michael penned a stunning article in Forbes saying, "On Behalf of Environmentalists, I Apologize for the Climate Scare", the article was pulled just a few hours later. (Read more here.)

On the show, Micheal talked about how environmental alarmism has overtaken scientific fact, leading to a number of unfortunate consequences. He said one of the problems is that rich nations are blocking poor nations from being able to industrialize. Instead, they are seeking to make poverty sustainable, rather than to make poverty history.

"As a cultural anthropologist, I've been traveling to poorer countries and interviewing small farmers for over 30 years. And, obviously there are a lot of causes why countries are poor, but there's no reason we should be helping them to stay poor," Michael said. "A few years ago, there was a movement to make poverty history ... [but] it got taken over by the climate alarmist movement, which has been focused on depriving poor countries, not just of fossil fuels they need to develop, but also the large hydroelectric dams."

He offered the example of the Congo, one of the poorest countries in the world. The Congo has been denied the resources needed to build large hydroelectric dams, which are absolutely essential to pull people out of poverty. And one of the main groups preventing poor countries from the gaining financing they need to to build dams is based in Berkeley, California — a city that gets its electricity from hydroelectric dams.

"It's just unconscionable ... there are major groups, including the Sierra Club, that support efforts to deprive poor countries of energy. And, honestly, they've taken over the World Bank [which] used to fund the basics of development: roads, electricity, sewage systems, flood control, dams," Micheal said.

"Environmentalism, apocalyptic environmentalism in particular, has become the dominant religion of supposedly secular people in the West. So, you know, it's people at the United Nations. It's people that are in very powerful positions who are trying to impose 'nature's order' on societies," he continued. "And, of course, the problem is that nobody can figure out what nature is, and what it's not. That's not a particular good basis for organizing your economy."

Watch the video below to catch more of the conversation:

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