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.


 

Terry Trobiani owns Gianelli's Drive Thru in Prairie Grove, Illinois, where he put up a row of American flags for the Fourth of July. But the city claimed he was displaying two of them improperly and issued him a $100 ticket for each flag.

Terry joined Glenn Beck on the radio program Tuesday to explain what he believes really happened. He told Glenn that, according to city ordinance, the American flag is considered "ornamental" and should therefore have been permitted on a federal holiday. But the city has now classified the flag as a "sign."

"Apparently, the village of Prairie Grove has classified the American flag as a sign and they've taken away the symbol of the American flag," Terry said. "So, as a sign, it falls under their temporary sign ordinance, which prohibits any flying, or any positioning of signs on your property — and now this includes the American flag. [...] The only way I could fly the American flag on my property is if I put it on a permanent 20 to 30-foot flagpole, which they have to permit."

Terry went on to explain how the city is now demanding an apology for his actions, and all after more than a year of small-business crushing COVID restrictions and government mandates.

"COVID was tough," Terry stated. "You know, we're in the restaurant business. COVID was tough on us. We succeeded. We made it through. We cut a lot of things, but we never cut an employee. We paid all our employees. I didn't take a paycheck for a year just to keep our employees on, because it was that important to me to keep things going. And, you know, you fight for a year, and you beat a pandemic, and then you have this little municipality with five trustees and a president, who just have no respect for small businesses. And right now, what I see is they have no respect for the republic and the United States ... I think it's terrible. The direction that government, at all levels, have taken us to this point, it's despicable."

Watch the video below to catch more of the conversation:


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The Biden administration is now doing everything it can to censor what it has decided is COVID-19 "misinformation." But Glenn Beck isn't confident that the silencing of voices will stop there.

Yeonmi Park grew up in North Korea, where there is no freedom of speech, and she joined Glenn to warn that America must not let this freedom go.

"Whenever authoritarianism rises, the first thing they go after is freedom of speech," she said.

Watch the video clip below from "The Glenn Beck Podcast" or find the full episode with Yeonmi Park 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 multi-platform network of voices who love America, defend the Constitution, and live the American dream.

Most self-proclaimed Marxists know very little about Marxism. Some of them have all the buzzwords memorized. They talk about the exploits of labor. They talk about the slavery of capitalist society and the alienation caused by capital. They talk about the evils of power and domination.

But they don't actually believe what they say. Or else they wouldn't be such violent hypocrites. And we're not being dramatic when we say "violent."

For them, Marxism is a political tool that they use to degrade and annoy their political enemies.

They don't actually care about the working class.

Another important thing to remember about Marxists is that they talk about how they want to defend the working class, but they don't actually understand the working class. They definitely don't realize that the working class is composed mostly of so many of the people they hate. Because, here's the thing, they don't actually care about the working class. Or the middle class. They wouldn't have the slightest clue how to actually work, not the way we do. For them, work involves ranting about how work and labor are evil.

Ironically, if their communist utopia actually arrived, they would be the first ones against the wall. Because they have nothing to offer except dissent. They have no practical use and no real connection to reality.

Again ironically, they are the ultimate proof of the success of capitalism. The fact that they can freely call for its demise, in tweets that they send from their capitalistic iPhones, is proof that capitalism affords them tremendous luxuries.

Their specialty is complaining. They are fanatics of a religion that is endlessly cynical.

They sneer at Christianity for promising Heaven in exchange for good deeds on earth — which is a terrible description of Christianity, but it's what they actually believe — and at the same time they criticize Christianity for promising a utopia, they give their unconditional devotion to a religion that promises a utopia.

They are fanatics of a religion that is endlessly cynical.

They think capitalism has turned us into machines. Which is a bad interpretation of Marx's concept of the General Intellect, the idea that humans are the ones who create machines, so humans, not God, are the creators.

They think that the only way to achieve the perfect society is by radically changing and even destroying the current society. It's what they mean when they say things about the "status quo" and "hegemony" and the "established order." They believe that the system is broken and the way to fix it is to destroy, destroy, destroy.

Critical race theory actually takes it a step farther. It tells us that the racist system can never be changed. That racism is the original sin that white people can never overcome. Of course, critical race theorists suggest "alternative institutions," but these "alternative institutions" are basically the same as the ones we have now, only less effective and actually racist.

Marx's violent revolution never happened. Or at least it never succeeded. Marx's followers have had to take a different approach. And now, we are living through the Revolution of Constant Whining.

This post is part of a series on critical race theory. Read the full series here.

Americans are losing faith in our justice system and the idea that legal consequences are applied equally — even to powerful elites in office.

Rep. Devin Nunes (R-CA) joined Glenn Beck on the radio program to detail what he believes will come next with the Durham investigation, which hopefully will provide answers to the Obama FBI's alleged attempts to sabotage former President Donald Trump and his campaign years ago.

Rep. Nunes and Glenn assert that we know Trump did NOT collude with Russia, and that several members of the FBI possibly committed huge abuses of power. So, when will we see justice?

Watch the video clip below:


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