PAT: You were talking about the president of the European Union, Herman Van Rompuy.
GLENN: I love Herman Van Rompulz.
PAT: We all feel that way.
GLENN: Fantastic. He's been sleeping for a while.
PAT: But he's woken up.
GLENN: Here he is. The president of the EU.
VOICE: "Moving to exceptionally difficult times, the financial crisis and its dramatic impact on employment, the budget, the climate crisis, which threatens our very survival, a period of anxiety, uncertainty and lack of confidence. Yet, these problems can be overcome by a joint effort in and between our countries. 2009 is also the first year of global governance with the establishment of the G-20 in the middle of the financial crisis. The climate conference in Copenhagen is another step towards the global management of our planet."
PAT: How wonderful.
GLENN: Isn't that great?
PAT: I think somebody said that when it was going on. I don't remember but somebody --
STU: One of these superior theorists.
GLENN: Should be discredited. Here is why you don't want the crisis until America is prepared. America must be prepared, because the other side is prepared with the framework. And, remember, fear, what do they say? Their own words, they always telegraph and see it in others first. They always do. What have they been saying about fear? Fear allows or makes people do stupid things. They don't make good decisions. Well, if there's a crisis that they have not prepared you for, you will be fearful.
If there's a crisis overnight and all of a sudden your world melts down as I showed you on Friday, within 15 days of an event, 15 days, the IMF is in control. Will you be fearful and you will not make the right decision. The only thing we have to fear is not being prepared. If you are prepared, you're not fearful. By the way, Rand Paul said what about the debt ceiling? Because that is a possible trigger, not raising the debt ceiling.
STU: Right. They seem to be trying to go on the idea that he has not ruled it out is essentially the reason he's going to do it. He said I think exactly what tactics we'll use will have to be discussed and I do plan on working with others to find out what the best strategy is. But I'll tell you that I don't think adding debt is a good idea.
PAT: Nobody thinks adding debt is a good idea.
GLENN: I think Rand is smart enough to know.
PAT: You don't want to bring in the financial apocalypse.
GLENN: And that's what we're talking about. Everything that they told you was going to happen if we didn't pass TARP I'm telling you was true, and the only reason I was for it for three days was because I really thought they would use that time to prepare you. But they haven't. What they've done is prepared them. And when you see beginning tomorrow the George Soros story, tomorrow I tell you all about George Soros. The next day I tell you about George Soros and his allies. And if we still need another day I will tell you then exactly how it works and it will boggle your mind. I mean, no ifs, ands or doubts, am I overselling this?
PAT: I don't think so.
GLENN: Am I overselling this from what little you know, Stu?
STU: Yeah, no, from the information.
GLENN: It will boggle your mind that these things are going on and it is all well researched and well documented. No ifs ands or buts in their own words.
PAT: That was my question to you. Do we know this for sure.
GLENN: We have it innuendo. In their own words. Much it from his own writings and his own videos. I mean, it's amazing -- it's amazing how clear they are. So you have to be prepared. What does that mean? Pat and I were talking about it over the weekend. America doesn't understand what the loss of the dollar means. Most people think well, oh well, so what, the dollar, it will just be a basket of currency if they even go that far. We've never lost the dollar. We've never had the problems that the rest of the world has. Why is Mexico in the problem that it is? Because the peso is worth the peso. Because there's corruption, because the system broke down, and because the peso isn't worth anything. You need to have a strong monetary system. We've always had one -- well, I shouldn't say that. Yes, yes, we've always had one until the progressives started screwing with it. First it was silver. And they started screwing with that. Then they started screwing with gold and everything else and they created this idea that you will never ever have a financial crisis. And we've had nothing but financial crisis after financial crisis and they've been getting bigger and bigger and bigger. So now what does this mean? Well, do you remember when I was mocked for telling you to go and buy shoes for your children and buy food. I've been mocked now for three years on this. Glenn Beck says go buy shoes. Do you know that women's shoes are up 58 percent I think it is in the last year? Did you know that? Did you know that cotton is up like 50 percent, 60 percent now as a raw good now in the last three months. All these things are going through the roof. But they're telling you that inflation isn't a problem. The rest of the world is now saying America is going to go through massive inflation. But they're still telling you about deflation. Why? If you owe money, this will be good for you. Let's say you're the federal government, because you'll be able to pay off that debt. If you're a saver this isn't good for you, because what you've saved is worth less. If you're somebody at the lowest rung of the economic ladder, this is the worst for you. Because you don't have anything. Your wages won't be able to keep up with the food. Just so you know, if you're a saver, it's bad for you unless you are moving your money into something that will be worth something. I'll show you later this week, we'll probably talk about it on the radio, Joe did some research over the weekend and was reading -- I feel bad for Joe. I made him read some diaries of some people that lived through the Vimar. And it talked about how people took their jewelry and they traded it for a bag of flour. How somebody wanted fresh vegetables and they took a link out of their gold chain and said: This is gold, here's a link of this, it's worth that asparagus. So there's a barter system in all of this. There's a system. You just have to have something of value, and I don't know what that value is. You won't know until you get here. I tell you, if you think like -- if you think like a German Jew, 1935, it would be alcohol, diamonds, gold, cigarettes, be things that you know people are going to need and you trade them. This is scary, crazy territory. So why should I listen to the scary crazy guy on radio?
PAT: Because if you don't and all of this does happen and you're completely unprepared, you got nowhere to go. But if you do listen, you get prepared and nothing happens, what's the worst that can happen? You've got some extra food and you pretend you're Mormon for a year.
GLENN: People make fun of you.
PAT: Oh well, you have some extra food preparedness in case something goes wrong, you've got a hurricane or tornado or joblessness.
GLENN: That really is. That really is it. Your downside is people make fun of you. Do you really care? Do you care that much? Embrace it. Embrace it. I mean, the ones who are the thinkers are always the ones -- the ones who are ahead of the curve are always the ones called insane or crazy. You'll notice that George Soros is announcing in his hedge fund newsletters and everything else and his op ed pages to buy commodities, to invest in commodities. What does that mean? Corn. Sugar. Gold. Precious metals. So he's saying those are going to go up in value. And if you're buying them as an investor, as commodities, well, you're not crazy, you're with George Soros. But because we're not George Soros, for me to tell you anything that is petroleum-based -- have you noticed how much gas has gone up? Nobody in the press -- Chuck Schumer is not in front of a gas station this week holding a press conference saying: Why is gas going up with this president? Nobody's doing that. Nobody's holding investigations with Exxon. You know why? Because the answer is clear why gas has gone up. They're devaluing the dollar. So you devalue the dollar and commodities, oil, goes up. What does that mean? Your tires, if you need new tires, you should buy them now. If you're going to need them in a year from now, you should buy them now. Tires made with petroleum products will be more expensive. Food will be more expensive. If you want -- if everybody makes fun of you for you taking those commodities and not having them in paper but having the actual sugar, the actual wheat that has been made into flour, the actual products, that's crazy. But to listen to George Soros and buy it in paper is not crazy. You tell me. I'm willing to be made fun of for the rest of my life on that one. I am willing to be remembered as a madman. I'm willing to be remembered as the guy who warned America, please buy sugar, please buy flour, please, please, have a year's worth of supplies, as much as you can, to be a shelter for someone else. None of these things may happen. Read the Wall Street Journal, however. Read the words of the people in Greece. Read the words of the people in France. Read the Foreign Minister of China. Read what they're saying to the president in India about our inflating of the dollar. You read those things and then decide if you want to be made fun of for the rest of your life. If I'm wrong, that's what will happen. If I'm right, and you haven't done it, what then? Are you going to be surrounded by a bunch of media matters people who are taking care of you going: Don't worry, we listened.