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.

On the "Glenn Beck Radio Program" Monday, Harvard Law professor and lawyer on President Donald Trump's impeachment defense team Alan Dershowitz explains the history of impeachment and its process, why the framers did not include abuse of power as criteria for a Constitutional impeachment, why the Democrats are framing their case the way they are, and what to look for in the upcoming Senate trial.

Dershowitz argued that "abuse of power" -- one of two articles of impeachment against Trump approved by House Democrats last month -- is not an impeachable act.

"There are two articles of impeachment. The second is 'obstruction of Congress.' That's just a false accusation," said Dershowitz. "But they also charge him, in the Ukraine matter, with abuse of power. But abuse of power was discussed by the framers (of the U.S. Constitution) ... the framers refused to include abuse of power because it was too broad, too open-ended.

"In the words of James Madison, the father of our Constitution, it would lead presidents to serve at the will of Congress. And that's exactly what the framers didn't want, which is why they were very specific and said a president can be impeached only for treason, bribery, or other high crimes and misdemeanors," he added.

"What's alleged against President Trump is not criminal," added Dershowitz. "If they had criminal issues to allege, you can be sure they would have done it. If they could establish bribery or treason, they would have done it already. But they didn't do it. They instead used this concept of abuse of power, which is so broad and general ... any president could be charged with it."

Watch the video below to hear more details:



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On Friday's radio program, Bill O'Reilly joins Glenn Beck discuss the possible outcomes for the Democrats in 2020.

Why are former President Barack and First Lady Michelle Obama working overtime to convince Americans they're more moderate than most of the far-left Democratic presidential candidates? Is there a chance of a Michelle Obama vs. Donald Trump race this fall?

O'Reilly surmised that a post-primary nomination would probably be more of a "Bloomberg play." He said Michael Bloomberg might actually stand a chance at the Democratic nomination if there is a brokered convention, as many Democratic leaders are fearfully anticipating.

"Bloomberg knows he doesn't really have a chance to get enough delegates to win," O'Reilly said. "He's doing two things: If there's a brokered convention, there he is. And even if there is a nominee, it will probably be Biden, and Biden will give [him] Secretary of State or Secretary of Treasury. That's what Bloomberg wants."

Watch the video below to catch more of the conversation:

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On the "Glenn Beck Radio Program" Friday, award-winning investigative reporter John Solomon, a central figure in the impeachment proceedings, explained his newly filed lawsuit, which seeks the records of contact between Ukraine prosecutors and the U.S. Embassy officials in Kiev during the 2016 election.

The records would provide valuable information on what really happened in Ukraine, including what then-Vice President Joe Biden and his son Hunter were doing with Ukrainian energy company, Burisma Holdings, Solomon explained.

The documents, which the State Department has withheld thus far despite repeated requests for release by Solomon, would likely shed light on the alleged corruption that President Donald Trump requested to be investigated during his phone call with the president of Ukraine last year.

With the help of Southeastern Legal Foundation, Solomon's lawsuit seeks to compel the State Department to release the critical records. Once released, the records are expected to reveal, once and for all, exactly why President Trump wanted to investigate the dealings in Ukraine, and finally expose the side of the story that Democrats are trying to hide in their push for impeachment.

"It's been a one-sided story so far, just like the beginning of the Russia collusion story, right? Everybody was certain on Jan. 9 of 2017 that the Christopher Steele dossier was gospel. And our president was an agent of Russia. Three years later, we learned that all of that turned out to be bunk, " Solomon said.

"The most important thing about politics, and about investigations, is that there are two sides to a story. There are two pieces of evidence. And right now, we've only seen one side of it," he continued. "I think we'll learn a lot about what the intelligence community, what the economic and Treasury Department community was telling the president. And I bet the story was way more complicated than the narrative that [House Intelligence Committee Chairman] Adam Schiff [D-Calif.] has woven so far."

Watch the video below to catch more of the conversation:

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Carter Page, a former advisor to Donald Trump's 2016 presidential campaign, found himself at the center of the Russia probe and had his reputation and career destroyed by what we now know were lies from our own intelligence system and the media.

On the TV show Thursday, Page joined Glenn Beck to speak out about how he became the subject of illegal electronic surveillance by the FBI for more than two years, and revealed the extent of the corruption that has infiltrated our legal systems and our country as a whole.

"To me, the bigger issue is how much damage this has done to our country," Page told Glenn. "I've been very patient in trying to ... find help with finding solutions and correcting this terrible thing which has happened to our country, our judicial system, DOJ, FBI -- these once-great institutions. And my bigger concern is the fact that, although we keep taking these steps forward in terms of these important findings, it really remains the tip of the iceberg."

Page was referencing the report by Justice Department Inspector General Michael Horowitz, which revealed that the FBI made "at least 17 significant errors or omissions" in its Foreign Intelligence Surveillance Act (FISA) applications for warrants to spy on Page, a U.S. citizen.

"I think this needs to be attacked from all angles," Glenn said. "The one angle I'm interested in from you is, please tell me you have the biggest badass attorneys that are hungry, starving, maybe are a little low to pay their Mercedes payments right now, and are just gearing up to come after the government and the media. Are they?"

I can confirm that that is the case," Page replied.

Watch the video clip below for a preview of the full-length interview:

The full interview will air on January 30th for Blaze TV subscribers, and February 1st on YouTube and wherever you get your podcast.

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