Glenn Beck: Middle East unpegging from the dollar



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GLENN: Oh, man. Okay, let's gosh, let's just talk about some of the headlines today and see if we can give you some perspective. Last night there was a story on the Drudge Report about how the dollar is, they are thinking about unpegging from the dollar over in the Middle East. Well, if you unpeg from the dollar in the Middle East, this is going to be a problem. Arabs are plotting to drop the dollar. They are not plotting to do it. They are just making plans to do it. It's not plotting. What, are they plotting our demise? No, we are plotting our demise.

STU: Well, it's plotting in the sense that they are not admitting to it. I mean, if they are doing it in secret.

GLENN: No, they are. They are admitting to it. They are just saying that they are not doing it right now. But in the they say in the near future we're not doing it. So that means today they are not doing it.

PAT: Why? Because they have $2 trillion U.S. they have got to get rid of first.

STU: Well, they have issued denials, though, to this particular story.

GLENN: With the understanding.

STU: With caveats.

GLENN: With the caveat in the near future, we have no intention of doing that.

STU: By noon today.

GLENN: No, look. Here's what's happening. China is already doing this. China is already divesting themselves of all of their dollars. They are getting rid of all of their dollars, and they are what they are doing is they are going out and they are buying mines, they are buying minerals, they are buying precious metals. They are going out and they are buying raw commodities. That's what they're doing. And they are using our dollars to do it. So when they sell those dollars, there are more dollars out on the market.

Now, the reason why this isn't happening today is because nobody's going to hack off China. Everybody needs China to be the new global consumer because we're not. Back in the 1970s we decided that we would be we bought into this, "Well, we don't have to create anything. We don't have to build anything. We'll be the world's consumer." Well, congratulations. This is where we are now. We're the world's consumer that didn't make anything except paper. We'll be the, we'll be the bankers of the world.

Being the bankers of the world doesn't work out when you're in a normal society, when there are no rights and wrong, when you have to define the word "Is." That doesn't work out. Nobody wants that banker. Nobody wants that banker.

When you go to Wharton business school and you have a hard time with ethics, it's not a surprise that one of the first places that accountants are pulled from is not Wharton but schools like BYU. Because there's plenty of smarts in America. There are not enough people with credibility and honesty and integrity, somebody that understands ethics. So we became the world's banker with no ethics. And then about four years ago we went over to China and we lectured China and the rest of the world, "You've got to adopt our system. You just don't know what you're doing." And we lectured them on how to do finances. How's that working out for you? So now the rest of the world is saying, wait a minute, okay, they lied to us when they said they would be on the gold standard and then Nixon convinced them, no, no, no, we'll be the consumer, and you build. It will be good to build up your society. And so we got off the gold standard and we said, "But we'll never trash the dollar" because it affects them. So what happened? We trashed the dollar. But as we were trashing the dollar we said, yeah, but the rest of the world will need us because we're the world's financial center. And then we trashed that image. So now our dollar is falling because we're borrowing too much money. See, the dollar bill, if you have one in your pocket, pull it out. Look at it. That's a stock certificate. That's what that is. Think of it as a stock certificate. It's a share, a $1 share in America. Well, just like any other company, when the company's health starts to look bad, people sell their shares. That's what China is doing by spending it. They were holding it, but they no longer think it's going to have a long term growth. It's we used to be IBM in 1970. Now we're IBM, what, 1990? We used to be GM, 1940. We're now GM 2009. People don't want their stock anymore. But because they hold so much of it, they don't want to just dump it. Because if somebody dumps it, then everybody is selling, and you can't get it sold. If somebody like China comes in and just tries to dump all of their stock or if somebody who holds a huge amount of our stock, our shares, our money, our dollars and they just go into the open market and they dump it quickly, the price would just cave because there would be too much. It works just like the stock market and so your dollar loses value. Already in the last six months by what we have done to our country, we have lost every single dollar you hold has lost 20 to 30 cents. It has lost 20 to 30% of its value. That's what it means to you, and it hasn't even begun yet.

First they came for your 401(k) in actual stocks. And you didn't say anything, you didn't do anything. Now they are coming for your money. And who's coming for it? The people in Washington that have so dishonored themselves and now us around the world by believing and quite honestly who else has been their partner in crime? Us. Each and every one of us that have allowed ourselves or our neighbors to believe there is a never end to our spending, that we will always do you know why we don't believe in a brighter future now? That's a first time in America that we don't believe that our children's future will be brighter. Do you know why? Because we haven't valued that future. We have only valued the now. Well, maybe now it's time to start valuing the future and devaluing now and do the right thing for our children. And the right thing for our children is saying enough! But you have to understand the other side of that. The other side of that is if you stop spending money because we're the world's consumer now. We don't make anything. If we stop spending money, the engine stops.

Right now we're blowing blue smoke all across the highway. Our engine is about to fail. The question is, does America pull herself off to the side of the road, take the engine out and redo it, or do we just keep driving and maybe end up in the middle of absolutely nowhere where we are miles away from any kind of tools? And we've used every bit of resource and destroyed the engine. It cannot be rebuilt if we continue to burn it and burn it and burn it and burn it. Our weasels in Washington don't have enough courage to tell you these things. Our weasels in Washington don't think you have enough courage to face these things. Our weasels in Washington will tell you that I'm just, I am a cynic. No, I'm a realist. A cynic is someone who doesn't believe in the future. I believe in the future but not without being coupled with the truth. Would you ever listen to a doctor, ever listen to a doctor who you're riddled with cancer, and you know it. Would your friends sit around and stone the doctor that said take chemo, sure, it's almost going to kill you but it won't; you'll live through it; you'll have a chance of survival. Take chemo. Would your friends allow you to listen to the doctor who said that doctor's just a cynic; you're fine; have some apple juice... and another cigarette. And while you're at it, why don't you breathe in some asbestos. Would your friend stand around and let you listen to that doctor? Then why the hell are we standing around and letting friends listen to those doctors? How is it that the doctors who are telling you "you have cancer; there's a chance of survival" are the bad ones? How is it the asbestos doctors are still in business?

Oh, no, Lindsey Graham was right. I don't speak for the Republican Party. I'll speak for anybody who will speak the truth. I don't care what party they're in. Somebody will tell us the truth.

When Bevan Cooney — the former "junior" business partner to Hunter Biden and Devon Archer — went to jail in 2019, investigative reporter and New York Times bestselling author Peter Schweizer thought he'd never gain access to the damning emails Cooney had promised. That all changed three weeks ago when Schweizer was given complete access to Cooney's gmail account.

Schweizer joined Glenn Beck on the radio program Tuesday to describe just some of the business deals revealed within these emails — like Hunter working with an alleged Russian criminal and with Chinese communists to secure their assets, or to secure one-on-one time with his dad, then-Vice President Joe Biden. And all of this new information is completely separate from the emails allegedly discovered on Hunter Biden's laptop recently reported by the New York Post.

"So, I want to make this clear. This [Cooney's emails] has nothing to do with what's on the laptop … It didn't come from [Rudy] Giuliani. It didn't come from anybody else, right?" Glenn asked Schweizer.

"That's absolutely correct," Schweizer confirmed.

He briefly explained how Cooney, a former Los Angeles nightclub owner, is currently serving a prison sentence for his involvement in a fraudulent business bond scheme with Biden and Archer. From prison, Cooney gave Schweizer written permission to access his Gmail account.

"This is really important," he noted. "We're not looking at printouts. Not looking at PDFs. We're actually in his Gmail accounts themselves, sifting through these emails. And there's a shocking amount of information about deals involving China, involving Russia, involving all sorts of things they were trying to pull off."

Watch the video below to catch more of the conversation:

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The king of "No Spin" and bestselling author of "Killing Crazy Horse," Bill O'Reilly joined Glenn Beck on this week's podcast to talk about the latest developments in Joe Biden's Ukraine and China corruption scandal. Now that some of the details are finally coming out in the open, does the average Democrat care? Maybe, but the Left doesn't seem to.

O'Reilly argued there's more hatred for President Donald Trump now than in 2016, and that some people hate President Trump so much that they'd rather vote for the "senile, corrupt" Joe Biden.

"Hunter got tens of millions of dollars from Ukraine, from Russia, from China because his father was vice president. I have no doubt in my mind," O'Reilly said. "But the hatred for Donald Trump overrides that in the minds of millions of viewers. They're saying, 'You know, we'd rather have the senile corrupt guy than Trump.'"

Asked by Glenn if any other Republican running for president would be met with the same level of vitriol, O'Reilly answered, "The Left is the Left. They don't like America. The want to redo the Constitution. They want to take some of our freedoms, like the Second Amendment and the First Amendment, and change them. And they want to destroy capitalism and replace it with a big centralized government in Washington that controls the economy … but I'm talking about the folks. I have liberal friends and I say to them, 'Do you not understand that when you vote for Biden, you're voting against your own self interest?'"

Watch the video clip from the full podcast below, or find the full episode HERE:

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In a phone call with his constituents, Senator Ben Sasse (R-Neb) unleashed a torrent of criticisms about President Donald Trump, saying he "flirted with white supremacists," "kisses dictators' butts," and "spends like a drunken sailor."

On the radio program Friday, Glenn said he was disappointed in Sen. Sasse for apparently forgetting all of President Trump's accomplishments. Because, in reality, Trump has accomplished a lot more than many presidents before him.

Then, for anyone who may have forgotten President Trump's achievements — or who simply hate the man so much they've ignored them — Glenn listed just some of the many things this president has achieved during his three and a half years in the White House.

Watch the video below to hear Glenn's message for all the Trump-haters who have forgotten Trump's accomplishments, or you can read Glenn's list HERE:

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President Trump has given us great judges on the lower court, 3 judges far superior than Roberts and other bogus constitutionalists as SCOTUS and one just may turn out to be another Clarence Thomas. He kicked the ass of ISIS and came home.

He got us out of the disastrous Iran deal, killed their head of terror, boxed them in and is currently collapsing their economy while also brokering a Mid East peace deal that everyone said could never happen. He moved our embassy to Jerusalem despite the state department, something no president has done even though they all promised.

Yes, he met with the North Korean Dictator. I hated that, but I also hated the fact that no other president did anything and North Korea kept gaining power. He has gotten Europe to pay their share of NATO, brought the Arabs and the Jews together, while smashing the choke hold of the PLO, and stood up to the Chinese instead of selling them supercomputers (Clinton), accepting lead poison in dog food (Bush), or loving the CCP and taking millions in dirty money (Obama/Biden).

He also has defended religious liberty unlike any other president at least in the last 100 years, and is a true pro-life advocate that unlike most republicans backs it up with action instead of just talk.

President Trump has also opened doors that the GOP was too wussy to even try to open with Hispanics and Blacks. He again didn't pander. He instead cleared the dead wood and opened pathways up so they could get higher education, create jobs, and not get lost in the prison system.

He also has defended religious liberty... and is a true pro-life advocate.

President Trump also took on an economy that had been beaten down, a people who had been told "you didn't build that" and, in fact, Obama and Biden claimed that the economy was "as good as it would ever get," that we would never create jobs in sectors ever again.

President Trump gave us the lowest unemployment rate since 1969 (the year I celebrated my 5th birthday,) the lowest unemployment for Hispanics & Blacks ever, and the first real growth in pay that I can remember.

President Trump then responded to the largest pandemic in 100 years by doing a couple of things I have never seen a president do:

  1. America's biggest capitalist shuts down the entire economy and knowingly puts his re-election at risk in order to save people.
  2. Closes travel with China and Europe, only to be called “racist," "xenophobic" and accused of stirring hatred. Now everyone says they were for it, but he stood alone and took the heat.

When everyone bashed him because they thought he would seize control and become an authoritarian by telling states what to do, or taking control of companies and telling them what to produce, he simply asked the free market to step to the plate, because he trusts the people of this country to do the right thing. By not taking control, he was called a dictator and a Nazi. Meanwhile he has been blamed for the blood bath created by Gov. Cuomo's nursing home policies. They said 2 million would die, best case scenario 200,000 — if we did everything right. Gee, seems that we are now in the time period they told us would be phase two, it seems as though we seem to have hit that "best case scenario" at this point.

While all of this has gone on, President Trump has fought the lies that were started by Hillary Clinton's team to smear him as a Russian operative. It was enabled by the Obama White House and included the DOJ, CIA, Dept of State, FBI, and DNI. Did I leave anyone out? Oh, yeah we are now getting evidence that members of the Pentagon may have been involved as well. Not to mention the so-called "press" and Congress who did things that would embarrass not only "Frank Underwood" but also Kevin Spacey. He has single handedly exposed the press for who they are and have always been. Because of his tweets, personal style and frankly balls of steel, he has exposed those who truly are: "Enemies of the people." I hated that when he first said it, but it is true. Any person or group that knowingly lies to destroy our president, our Constitution and the free market, are not just enemies of the people, they are enemies of the freedom of all mankind.

As someone who didn't support President Trump at first (and that is putting it mildly) I remain honest enough to judge him on his entire record. He is perhaps the only man in America that can and has stood entirely alone, surrounded by enemies, surrounded by those who took an oath to protect and defend the Constitution, who are now actively engaged in destroying it and any elected president who stands in their way.

Personally, I have grown sick and tired of spineless, do nothing, old, corrupt GOP politicians who are either part of the problem or too frightened to stand alone and speak up. The vast majority are all "Sunshine Patriots." History will condemn those who did nothing but complain and whine, while others not only rang the bell, but stood and took the hits, who risked it all and lost money, reputation and perhaps, God forbid, some who gave the ultimate sacrifice to fight the evil that rages so clearly against the light.

100 years from now history will judge all of us. So will our children's children. Most will be forgotten. Those who failed to show up on the battlefield or cower in the trees, will be remembered with shame and disdain. Others like President Trump, I believe will be seen as indispensable.