Glenn Beck: Feds bailed out Euro banks

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GLENN: We're starting the show here just kind of, kind of circling this hyperinflation thing because the Fed released yesterday that they are bailing out first we are sending another, what, $900 billion, almost another trillion dollars now to the IMF to bail out Europe. What the hell are our tax dollars going over to Europe for? Why are we bailing Europe out? Mutually assured economic destruction. I told you this was happening and it is. Mutually assured economic destruction. They will say if we don't bail out Europe, well, if Europe goes down, we go down. Good. This is not going to work. What are we doing? Americans need to understand what you already do, but they need to understand that this whole, this whole thing is nonsense and it is pushing us into a global structure. That's what's happening over in Germany now. They're already Germany is the one that is going to be the industrial engine of Europe, and everybody is pushing all of their loans basically into Germany. And we're going to bail everybody out? It's not possible. And even Bernie Sanders, Bernie isn't Bernie Sanders a communist?

PAT: He's socialist.

STU: Admitted socialist, yes.

GLENN: Okay, he's a socialist. Even Bernie Sanders said, quote, the American people are finally learning of the incredible and jaw dropping details of the Fed's multitrillion dollar bailout of Wall Street and corporate America and now Europe. He's disgusted by this. $3.3 trillion now has been revealed from the Fed and we do you trust that we know? On one hand the president is always saying that we are we can't trust the banks? Well, who's the Fed? Banks.

We're going to go through some of this tonight in the movie theatres. We're live here in Pittsburgh, tonight live at the Benedum Theater. It's a soldout performance. And then you can watch it in movie theatres tonight. And it's kind of a town hall meeting on what are we going to do? And I think this I think these things are all starting to come together. You know, when I talk about hyperinflation a year ago, everyone, everyone said, not going to happen, not going to happen, not going to happen. What is the percentage of Americans that now think that real inflation is coming down the pipe? What do you suppose that is?

STU: You mean real inflation or hyperinflation? What's

GLENN: Real inflation. There's a difference between real inflation

STU: Like Jimmy Carter esque inflation?

GLENN: Yeah.

STU: Like 18%?

GLENN: Yeah.

STU: Something like that?

GLENN: Which would be a dream come true if we only had 18%.

STU: I don't know if it's a dream come true.

GLENN: Only 18% inflation?

PAT: That would be good.

STU: It's the worst we've had in how long?

PAT: It's better than a quintillion percent.

STU: Slightly.

GLENN: May I make a prediction. In the next two years the Fed, if you can even verify this, the Fed will print between $3 and $7 trillion.

STU: I don't know how you'd verify that, I mean, unless they pass the audit

GLENN: You'll verify it at the grocery store.

STU: Yeah.

GLENN: You'll verify it at the grocery store. They will issue another $3 to $7 trillion. You watch. You watch.

So anyway, what was the number that we were looking for? This is the world record on hyperinflation.

STU: Yeah, that didn't last particularly long but if it were to have lasted for an entire year in Hungary at the absolute peak, prices would double about every 15 hours. So over the course of the year that $3 gallon of gas would double 584 times, which doesn't sound like a lot until you start seeing how big those numbers get. It's big enough that my Excel sheet wouldn't fit on my screen. I had to change the zoom so I could actually see the entire number on the screen at the same time.

PAT: Wow.

STU: So the basically what it is is 95 followed by

GLENN: Wait, wait, wait. For a

PAT: This is for a gallon of gas.

GLENN: This would be for a gallon of gas?

STU: Yeah, for a gallon of gas.

GLENN: A $3 gallon of gas at the end of the year, you would be charged for a gallon of gas how much?

STU: 95 followed by 173 zeroes. Now, you might recognize that as almost a sexagintillion. It's not quite that I mean, but it's a

GLENN: A sexagintillion?

STU: A sexagintillion. And that number might not be familiar to people.

GLENN: Do you know what it is?

STU: To keep it simple, it's a thousand trigintillion.

GLENN: What?

STU: Yeah, a thousand trigintillion.

GLENN: Trigintillion?

STU: A thousand trigintillion, of course, is a sexagintillion, which everyone knows.

GLENN: May I, may I just point out, sexagintillion, that means your money is so bad, it just means go home and have sex. That's what it is. Gas is so high, you need to go and have sex.

STU: That's when sex becomes the currency.

GLENN: Oh, I think that sex becomes currency before you hit that number.

It's never too early to start your Christmas, Hanukah, or Kwanzaa shopping. Or even birthday gift shopping. Especially if that special someone in your life is a Democrat. Because at last count, pretty much all the Democrats are now running for president. And that means there has never been a wider selection of official candidate merchandise to choose from. Whether you're into environmentalism, feminism, classism, socialism, or just plain love, there is a smorgasbord of classy items that you and yours will treasure forever... or at least until the next presidential election.

We have browsed each of the candidates' online stores, so you don't have to (it only took us three months). We have curated only the finest items from each of the Democrats running for president of the United States of America. Without further ado, here is your handy progressive gift guide – or maybe your what-not-to-gift guide.

First, the bargain basement options. Hurry! Time is running out to grab your Beto bandana, or your Delaney pack of golf balls, because at this point Stu has as much of a chance as these guys of getting the nomination.

Tom Steyer, for example – is he still in the race?

There's way too much Tom here. That shirt's got more Toms than a Caucasian dentists' convention.

For the slightly more moderate Democrat in your life, perhaps they'd like to join the "Yang Gang"…

Andrew Yang is a lock for Math Club president…

But for actual president? Well, I wouldn't make plans for how you're going to spend your $1,000-per-month Yang allowance just yet.

If you happen to be shopping for your dog, may I suggest this lovely "Dogs for Delaney" dog collar…

John Delaney's definitely going to secure the canine vote with this kind of outreach. As for any human votes, that's another question entirely.

How 'bout this tastefully understated "Natural Canvas" Michael Bennet tote to remind you he's also still here?...

Then again, it's a tote. So, it'll end up on the floor of your closet and you won't have it with you until that one random moment when you're out somewhere and you really need a tote bag. Just like Democrats will really wish they had a moderate when we're in the middle of the socialist nightmare of their creation.

Captain Planet himself, Jay Inslee recently dropped out of the race, but don't let that stop you from picking up what may be the greatest single item sold by anyone in this race…

A children's book called Elvis & the Elves: the Mystery of the Melting Snow. Written and illustrated by Governor Jay Inslee. Talk about a whodunnit – how could that snow possibly be melting? Spoiler alert: it's because of evil, white, patriarchal capitalism. And Donald Trump.

Then there's the candidate who thinks you're a moron that can't pronounce his last name: Steve Bullock...

Get it? Bull. Lock. Oh, so that's how you say the name that sounds exactly how it's spelled.

There's another candidate who also thinks you need help pronouncing his last name…

And he is definitely right about that. So, thank you, Pete "Boot Edge Edge." That helps.

Just outside the bargain bin section, but just barely, are candidates like Julian Castro and his "El Presidente" t-shirt…

When your last name's Castro, do you really want to go with a weird drawing of yourself as if you're a classic Latin American dictator on a postage stamp?

If you prefer a little "dark psychic forces" battling in your candidates, you'll love Marianne Williamson's "Turn Love Into a Political Force" rally sign…

"Turn Love Into a Political Force" would be an even better title for a Marianne Williamson album of 80s cover songs. And if you think I'm joking, then you haven't heard Bernie Sanders' classic 1987 folk album, We Shall Overcome. That's not a joke. Well, it is a joke, but it's also a very real thing.

Now, just a quick pause to consider the peculiar baby-wear that way too many candidates are selling…

…including Elizabeth Warren's trans-pride flag onesie. Let me get this straight – we can't force any gender on a child, because that's just cruel. But we can force a political advertisement on a baby? How do we know that baby is actually a Biden or Warren fan? The child may not even be a Democrat or a Socialist at all. That baby might self-identify as a Libertarian, or Republican, or even worse – a moderate Democrat.

Now to the premium items from the premium candidates. Elizabeth Warren – the candidate with the most honesty in her advertising…


Warren's merchandise reflects the woman herself – cold and humorless (watch her "This isn't funny" clip from the last debate here at the 4:27 mark). I'm sure she's really fun once you get to know her. Then again, maybe not.

Speaking of serious women, Kamala Harris wants to be president very badly for you, the people, as you can tell from her "For the People" poster…

At $29.99 though, she's sure not charging "people's" prices. Of course, she might be having to pay royalties to a certain someone for riffing on their poster. Just saying.

For the race's number one socialist, there's a whole lot of capitalism going on in Bernie Sanders' campaign. He sells so many delightful items that it's hard to choose. But we did anyway. The most random item is this hundred-dollar, black, "Art of a Political Revolution – Artists for Bernie Sanders Coaches Jacket"…

Coaches across the land will be clamoring for this one. You know, since coaches are such a strong Bernie-socialist demographic.

If that's a little over your budget you might consider a "Feel the Bern" fanny pack, to help store all those government freebies you'll get from Bernie…

This is the only context in which you'll ever want to hear "feel the burn" and "fanny" in the same sentence.

And finally, from front-runner Joe Biden, we have this fine "Women's Fitted Biden Polo." Which is just about the best polo description ever…

It promises the kind of snug approach that Biden loves to provide women. Even when they don't ask.

This was one of the first homesteads in the area in the 1880's and was just begging to be brought back to its original glory — with a touch of modern. When we first purchased the property, it was full of old stuff without any running water, central heat or AC, so needless to say, we had a huge project ahead of us. It took some vision and a whole lot of trust, but the mess we started with seven years ago is now a place we hope the original owners would be proud of.

To restore something like this is really does take a village. It doesn't take much money to make it cozy inside, if like me you are willing to take time and gather things here and there from thrift shops and little antique shops in the middle of nowhere.

But finding the right craftsman is a different story.

Matt Jensen and his assistant Rob did this entire job from sketches I made. Because he built this in his off hours it took just over a year, but so worth the wait. It wasn't easy as it was 18"out of square. He had to build around that as the entire thing we felt would collapse. Matt just reinforced the structure and we love its imperfections.

Here are a few pictures of the process and the transformation from where we started to where we are now:

​How it was

It doesn't look like much yet, but just you wait and see!

By request a photo tour of the restored cabin. I start doing the interior design in earnest tomorrow after the show, but all of the construction guys are now done. So I mopped the floors, washed the sheets, some friends helped by washing the windows. And now the unofficial / official tour.

The Property

The views are absolutely stunning and completely peaceful.

The Hong Kong protesters flocking to the streets in opposition to the Chinese government have a new symbol to display their defiance: the Stars and Stripes. Upset over the looming threat to their freedom, the American flag symbolizes everything they cherish and are fighting to preserve.

But it seems our president isn't returning the love.

Trump recently doubled down on the United States' indifference to the conflict, after initially commenting that whatever happens is between Hong Kong and China alone. But he's wrong — what happens is crucial in spreading the liberal values that America wants to accompany us on the world stage. After all, "America First" doesn't mean merely focusing on our own domestic problems. It means supporting liberal democracy everywhere.

The protests have been raging on the streets since April, when the government of Hong Kong proposed an extradition bill that would have allowed them to send accused criminals to be tried in mainland China. Of course, when dealing with a communist regime, that's a terrifying prospect — and one that threatens the judicial independence of the city. Thankfully, the protesters succeeded in getting Hong Kong's leaders to suspend the bill from consideration. But everyone knew that the bill was a blatant attempt by the Chinese government to encroach on Hong Kong's autonomy. And now Hong Kong's people are demanding full-on democratic reforms to halt any similar moves in the future.

After a generation under the "one country, two systems" policy, the people of Hong Kong are accustomed to much greater political and economic freedom relative to the rest of China. For the protesters, it's about more than a single bill. Resisting Xi Jinping and the Communist Party means the survival of a liberal democracy within distance of China's totalitarian grasp — a goal that should be shared by the United States. Instead, President Trump has retreated to his administration's flawed "America First" mindset.

This is an ideal opportunity for the United States to assert our strength by supporting democratic values abroad. In his inaugural address, Trump said he wanted "friendship and goodwill with the nations of the world" while "understanding that it is the right of all nations to put their interests first." But at what point is respecting sovereignty enabling dictatorships? American interests are shaped by the principles of our founding: political freedom, free markets, and human rights. Conversely, the interests of China's Communist Party are the exact opposite. When these values come into conflict, as they have in Hong Kong, it's our responsibility to take a stand for freedom — even if those who need it aren't within our country's borders.

Of course, that's not a call for military action. Putting pressure on Hong Kong is a matter of rhetoric and positioning — vital tenets of effective diplomacy. When it comes to heavy-handed world powers, it's an approach that can really work. When the Solidarity movement began organizing against communism in Poland, President Reagan openly condemned the Soviet military's imposition of martial law. His administration's support for the pro-democracy movement helped the Polish people gain liberal reforms from the Soviet regime. Similarly, President Trump doesn't need to be overly cautious about retribution from Xi Jinping and the Chinese government. Open, strong support for democracy in Hong Kong not only advances America's governing principles, but also weakens China's brand of authoritarianism.

After creating a commission to study the role of human rights in U.S. foreign policy, Secretary of State Mike Pompeo wrote last month that the principles of our Constitution are central "not only to Americans," but to the rest of the world. He was right — putting "America First" means being the first advocate for freedom across the globe. Nothing shows the strength of our country more than when, in crucial moments of their own history, other nations find inspiration in our flag.

Let's join the people of Hong Kong in their defiance of tyranny.

Matt Liles is a writer and Young Voices contributor from Austin, Texas.