GLENN: I want to talk to you something about the economy and what is coming, and it amazes me how no one is -- how others are starting to say the same thing now. Have you noticed that? Others are now starting to say exactly the same thing and no one is picking apart any of the facts. In fact, it's one of the things, we were just in a break and we were just having a conversation about the book Broke and Kevin brought a couple of guys in. One of them is a documentary filmmaker. And we were talking about, he said, what are people saying about the book? You know, what are the -- what are your critics saying? I said, I think this is the first book -- Stu, would you agree with this? This is the first book that we have done, you know, since, you know, Real America because nobody paid attention, nobody knew who we were. This is the first book that not one line of criticism or correction has been made. There's -- and there's no book that we have done that's full of more facts than this one.
STU: Yeah, that's true. I mean, I haven't seen anyone really, with any level of success, trying to pick it apart.
GLENN: Yeah, there's -- and I mean, it's 50 pages of fine print footnotes.
STU: Oh, yeah. I actually have it on my iPad.
STU: And I was trying to find something near the end of the book. And I started at the end. I was at the end of the footnotes and I just started flipping. It took me like 20 minutes to get -- I just gave up after a while because you just kept flipping backwards through the --
GLENN: Overwhelming the system. It works again.
PAT: Every time.
GLENN: All of the footnotes toward the end are like, you know, Animaniacs, Episode Number 43.
STU: You are just making stuff up to fill -- make it look longer? Is that the plan?
PAT: Even know what that meant. The documentarian was pretty interesting. Did he say he went to Harvard? Because he said to us, it's like a third or fourth year Harvard textbook. That's how weighty it is.
STU: Again this is not the way to sell a book. You want to make it interesting, right?
GLENN: It is in one, in one regard: These are not --
PAT: It's meaty, weighty stuff.
STU: But it's entertaining, too.
GLENN: These are not the simple off-the-top of your head kind of answers. If you're looking for real meat, real answers, this is it. If you're looking for what's really going on in the country, this is it. It is the most comprehensive book that we have done and now there's some new stats, and the answers and the prediction of these things are in this book. This just came out from the -- what is the name of this thing? The National Inflation Association. They haven't given a timetable on this but what they're saying is with what the quantitative easing that has happened, what we're looking at now for prices, brace yourself. We went to two or three different experts yesterday and said -- because I was not going to put these on the air. I didn't bring these to you yesterday in the morning because we hadn't talked to the experts. And they kept coming back to me and going, no, it checked out. Go check with somebody else. No, it checked out.
This is what they're saying quantitative easing and the policies that we're doing, these prices will be seen in America. Brace yourself. For a loaf of wheat bread, one loaf of wheat bread, $23.05.
PAT: That's why I recommend white.
GLENN: Of course you do.
PAT: White bread, yep.
GLENN: Of course you do.
GLENN: Problem with the brown bread again, don't you? Mr. Whitey
PAT: There's something about the white bread that's not healthy and it's not good for you. My wife always says, you know what? It just tastes better. It's fresher, it's squishier, it just tastes better on peanut butter and jelly sandwiches.
STU: Definitely squishier. The squishy factor is big.
PAT: It's better.
GLENN: No, you know what the squishy is? Chemicals.
PAT: I don't care. I tell my wife all the time, I don't care.
GLENN: I can't take white bread.
STU: You had to go white bread --
STU: Or you go seven grain?
PAT: Oh, that's really great.
STU: You've got to go one or the other.
GLENN: Seven grain. Seven grain.
STU: Wheat is in the middle. It's just this mediocre.
PAT: You might as well go out and scoop some sand off the beach and dump it in your gullet. Seven grain?
GLENN: Have we missed the point that any loaf of bread will be $23.05?
PAT: Oh. Was that the point? I thought the point was --
GLENN: For a bag of sugar -- now, I showed all of this in exactly the size. It wasn't a bag of sugar. It was just a little box of Domino sugar. They are saying that a box, regular box of domino sugar is $62.21.
GLENN: Does anybody have any idea how much a box of sugar cost now at Domino's?
PAT: $2, $2.99, $2.98?
GLENN: Is it really?
PAT: I mean, well, it depends on how big it is.
GLENN: One of those --
PAT: Yeah, that's not very much.
GLENN: That's, what, a pound of sugar?
STU: A pound of sugar?
PAT: Two pounds is probably --
GLENN: Two pounds of sugar.
PAT: $3? I don't know, it can't be that much.
GLENN: Okay. You know the --
GLENN: You know the coffee in the can but not the big can of Folgers, not the big can but the smaller can of coffee they're saying will now be $77.71.
PAT: Well, yeah, but that's the richest, most aromatic kind of coffee, you know?
GLENN: Well, yeah, I'm sure it's good to the last drop.
PAT: Well, yes.
PAT: And you better drink the last damn drop.
GLENN: These again are coming from the National Inflation Association. A 64-ounce jug of orange juice, $45.71. And this one I found the most amazing. I had to look at this, and I actually had to look at the chocolate bar on the air and off the air because I could not believe this one would be true. For a Hershey's milk chocolate bar, 1.55 ounces, that's one regular chocolate bar, $15.50.
PAT: And when do they predict these prices are going to begin?
GLENN: They don't give --
PAT: There's no timetable?
GLENN: There's no timetable for the prices, but they are making a prediction for these prices to be, quote, around the corner.
STU: I mean, yeah. Obviously at some point -- I mean, right now you can buy a 36-pack of Hershey's milk chocolate bars for 25 bucks on Amazon, 36. I mean, I don't know if that's the lowest price out there but it's a pretty good price. But now they are saying one chocolate bar?
GLENN: One chocolate bar. One 1.55-ounce chocolate bar, Hershey's chocolate, $15.
STU: What, the year 2700?
GLENN: No, no. I will tell you this. We have had our financial advisors, the guys who are stat-related guys, they are not politicians. They are more like the David Walkers of the world, you know, that they're just, all they do is look at stats. All they do is look at stats. And all of them are saying around the corner. All of them are saying starting in January you're going to see real price inflation. One of our experts, and I don't name them because they advise us off the air. They're not, they're just -- you know, quite honestly I think many of them don't want to be associated with me because they don't want all the trouble associated, and these are guys, again, it's not David Walker but it's somebody like David Walker who's just a bean guy, a bean counter. This is what they do for a living. And one of them said by next year a quarter of this nation will not be able to afford food. A quarter of the nation will not be able to afford food. I have to tell you, I'm never, ever right on timing. I have -- I'm not giving you my projection of timing. I'm telling you that there are these experts that say this. Is this true? I have no idea. I will tell you that historically speaking printing money leads to unbelievable inflation and gigantic interest rates. That's what happens. Period. So is it going to happen? At some point, yes. When? I don't know. I just ask you to please prepare.
Now, people have been writing me and saying, Glenn, what do we do? How do we prepare? I don't have any money. I understand. If you're living, if you're living, you know, paycheck to paycheck, I understand that. I'm asking you to get together with your husband or your wife and to look at every dollar you spend. And if you can save money and buy extra food and put it on the shelf, do so. If you can spend the extra money on having some food storage, if you are somebody who, you know, you've got grandkids now and you can't get the kids to listen to you and you have some extra money, buy it and put it on the shelf for them. Be a shelter for others. We could, in a year from now, two years from now, we could all laugh about this. We could say, remember when Glenn Beck said... and we'll laugh. And you'll have my permission. You'll have my permission. In 2012 if these things are not happening, you have my permission.
Experts are now telling me that it's happening next year. I don't know. I just know that prices of commodities have gone through the roof. I know that when I started telling you about gold, it was $700. When they were making fun of me and telling me that I was going to destroy people's lives because they were all going to go broke and you were just a hapless dupe when you were buying it at $1100 an ounce, today it is over $1400 an ounce. Could be worth $300 tomorrow. I don't know. But please look at the direction of --
PAT: I like how you say that, though, for the reverse psychology element. You tell them that so they will go ahead and buy it...
PAT: And then when it does drop --
GLENN: Don't, don't point it -- nevermind.
GLENN: I forgot. Media Matters tells me our audience is so stupid, we can talk in front of them and it doesn't matter.
PAT: Oh, yeah. It doesn't matter.