Prince to Poverty


The sultan, the prince and the missing $14bn of government oil wealth

GLENN: All right. Well, let me tell you a sad story that the liberals will like because it involves tragedy. It involves somebody struggling in today's economy. His name is Jefri. Poor little Jefri. He's a brother. Brother was successful. Jefri had to make it out on his own. He had a paltry salary and now he can't make it. He's the younger brother of the sultan of Brunei. Now, the sultan, of course, been ruling the country since the 1960s. Using money from the prince, the brother, bought a few houses around the world. He had -- what, you don't have a couple of cars? Okay, he had 1700 exotic sports cars and luxury cars. He had a 180-foot yacht which he named after a woman's -- well, it starts with a T, ends in "Its." That's just the name of the boat. That's just what's on the 180-foot yacht, it's got that on the back, okay? Just that. And his two utility boats that, you know, they can put down on the water and they can zip around and take you in to shore and stuff named Nipple 1 and Nipple 2. So this guy is very, very classy. He currently has three wives and 18 kids. So he's struggling. He's struggling. He's got 18, 19, 20, 21, 20 -- counting his, 22 mouths to feed. It's craziness. Some of the kids are from previous wives. So he's also got, you know, exes that he's paying for and, of course, he's also, you know, got women that he didn't marry that he had children with. But that's -- let's not get bogged down in all the facts. People make mistakes, okay? Who are you to judge? Now, the prince for many years had a good job. He was working hard. He was the finance minister of Brunei. Kind of a bad move for Brunei but, hey, they didn't know. Stop judging these people.

Prince Jefri not shy with the state's money. He spent $475 million on a few Rolls Royces and he spent $78 million at the Italian sports car company and $900 million at a British jeweler, later bought the jeweler out for $385 million because you never know. Hey, I show up and you're not open. What am I supposed to do for jewelry. You know what I mean? Let me just -- how much for all of it?

In 1993 he bought the Helmsley Palace Hotel here in New York for $200 million. He and the sultan of Brunei split up the royal air fleet of 10 jets which included a Boeing 747 and an Airbus A-340. He gave his badminton coach and acupuncturist $1.8 million each because, I mean, badminton coaches and acupuncturists are hard to find. You know what I'm saying? But he didn't stop there. He got caught up in this, you know, keeping up with the Joneses. He amassed a world class art collection. He used states funds to buy a Manet, not to be confused with a Monet for 24 and a Renault for $20.5 million. Now, the prince says the sultan was aware of all this spending. He said, you know, I've been spending it for several years, you know. I built a beachfront house, you know, some place I could kick back on the weekends and it had a sports complex in the beachfront house, and you wouldn't want to build it without it. But he said the sultan knew I built it, you know, and my allowance was only $20,000 a month. You can't build a house like that, you know, for -- you can't build a house for $20,000 a month.

I hate to point it out to Jefri, but you can but they usually don't have sports complexes in it, beachfront. He said, "I thought our government, I thought our government spending was out of control," you know, this according to the sultan. And, you know, it might have been. I mean, he spent 2,159 years worth of his allowance just on Rolls Royce cars.

So how did it all go wrong? You're saying Glenn, cut to the chase. I mean, I've heard this story, sure, but where did it go wrong? Well, in the late 1990s depressed oil prices led to a financial crisis in Brunei. I'm not a financial guru but it might have been the $900 million in jewelry that, you know, might have hurt the economy a bit. And so Brunei hired Arthur Andersen. I hate that guy. Him and his buddies come in. "Oh, Arthur can find the money." And they wanted him just to comb through the agency's, the investment agency books to see if they could dig anything up. I think it was probably pretty tough to figure out what was going on there, you know, with a $475 million spent on Rolls Royces. But the older brother got a little upset and called for the prince's ouster and said, hey, we're going to fire you, you know, how dare you use state funds for all of this. And, of course, the sultan has every right to be upset. I mean, he's living a humble lifestyle himself while his prince of a brother is spending all the dough and, you know, he watches his brother build a beachfront palace. All the while he's trapped in his 1788-room bungalow that just the house covers 49 acres. So can you imagine? You know, you see your brother living it up like that.

So they are embroiled now in a court battle to get Prince Jefri to give all the money back but he says, you know, I don't have it anymore. And the prince is saying, look, all I need is a few hundred million dollars and a couple of my houses. I mean, is that too much to ask for? Really? Shouldn't the government of Brunei bail him out? Okay, sure, he made a couple of bad investments, but he was lured in by the teaser rate on the Rolls Royces.

The Omicron variant: Should we ACTUALLY panic?

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As the new Omicron variant of the coronavirus approaches, it seems like those in power want everyone to be terrified, Glenn Beck argued on the radio program Monday.

The chair of the World Medical Association's Council, Frank Ulrich Montgomery, is already comparing the variant to Ebola and New York Gov. Kathy Hochul (D) has declared a state of emergency, despite the doctor who announced its discovery describing the new variant's symptoms as "unusual, but mild." So, should we really be worried or not?

In this clip, Glenn and producer Stu Burguiere reviewed what we know about the Omicron variant so far and gave a few reasons why we should wait for more information before succumbing to panic.

Note: The content of this clip does not provide medical advice. Please seek the advice of local health officials for any COVID-related questions & concerns.

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To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

Faced with an oppressive government that literally burned people at the stake for printing Bibles, America's original freedom fighters risked it all for the same rights our government is starting to trample now. That's not the Pilgrim story our woke schools and corporate media will tell you. It's the truth, and it sounds a lot more like today's heroes in Afghanistan than the 1619 Project's twisted portrait of America.

This Thanksgiving season, Glenn Beck and WallBuilders president Tim Barton tell the full story of who the Pilgrims really were and what we must learn from them, complete with a sneak peek at the largest privately owned collection of Pilgrim artifacts.

Watch the video below

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To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

Saule Omarova, President Joe Biden's nominee for comptroller of the currency, admitted she wants to fight climate change by bankrupting coal, oil, and gas companies. Alarmingly, Biden's U.S. special climate envoy, John Kerry, seemed to agree with Omarova when he said "by 2030 in the United States, we won't have coal" at the COP26 conference in Glasgow, Scotland, earlier this month. But that could end in massive electrical blackouts and brownouts across the nation, BlazeTV host Glenn Beck warned.

Carol Roth, author of "The War On Small Business," joined "The Glenn Beck Program" to explain what experts say you can do now to prepare your family for potential coming power outages.

"It's interesting. Usually when I go out and talk to experts in areas that are not 100% core to my area of expertise and I say, 'I would like to give you credit.' Usually I get, 'OK, here's how you credit me.' But everyone is like, 'No, no. Let me tell you what happened, just don't use my name.' And this is across the country," Roth said. "This isn't just a California issue, which obviously [California] is leading the nation. But even experts out of Texas, people who are monitoring the electric grid are incredibly concerned about brownouts or blackouts now, already. So forget about 2030."

"You want to have a backup source of power," she continued. "Either a propane, diesel, or combo generator is something that you're going to want to have. Because in a state, for example like Texas, I'm told that once the state loses power, it will take a minimum of two weeks to restore plants back to operations and customers able to use grid power again. So, this isn't something that we've got nine years or whatever to be thinking about. We should be planning and preparing now."

Watch the video clip below to catch more of this important conversation:

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To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

This year marks the four hundredth anniversary of the first Thanksgiving celebrated by the Pilgrims and their Wampanoag allies in 1621. Tragically, nearly half of the Pilgrims had died by famine and disease during their first year. However, they had been met by native Americans such as Samoset and Squanto who miraculously spoke English and taught the Pilgrims how to survive in the New World. That fall the Pilgrims, despite all the hardships, found much to praise God for and they were joined by Chief Massasoit and his ninety braves came who feasted and celebrated for three days with the fifty or so surviving Pilgrims.

It is often forgotten, however, that after the first Thanksgiving everything was not smooth sailing for the Pilgrims. Indeed, shortly thereafter they endured a time of crop failure and extreme difficulties including starvation and general lack. But why did this happen? Well, at that time the Pilgrims operated under what is called the "common storehouse" system. In its essence it was basically socialism. People were assigned jobs and the fruits of their labor would be redistributed throughout the people not based on how much work you did but how much you supposedly needed.

The problem with this mode of economics is that it only fails every time. Even the Pilgrims, who were a small group with relatively homogeneous beliefs were unable to successfully operate under a socialistic system without starvation and death being only moments away. Governor William Bradford explained that under the common storehouse the people began to "allege weakness and inability" because no matter how much or how little work someone did they still were given the same amount of food. Unsurprisingly this, "was found to breed much confusion and discontent."[1]

The Pilgrims, however, were not the type of people to keep doing what does not work. And so, "they began to think how they might raise as much corn as they could, and obtain a better crop than they had done, that they might not still thus languish in misery."[2] And, "after much debate of things" the Pilgrims under the direction of William Bradford, decided that each family ought to "trust to themselves" and keep what they produced instead of putting it into a common storehouse.[3] In essence, the Pilgrims decided to abandon the socialism which had led them to starvation and instead adopt the tenants of the free market.

And what was the result of this change? Well, according to Bradford, this change of course, "had very good success; for it made all hands very industrious, so as much more corn was planted than otherwise would have been."[4] Eventually, the Pilgrims became a fiscally successful colony, paid off their enormous debt, and founded some of the earliest trading posts with the surrounding Indian tribes including the Aptucxet, Metteneque, and Cushnoc locations. In short, it represented one of the most significant economic revolutions which determined the early characteristics of the American nation.

The Pilgrims, of course, did not simply invent these ideas out of thin air but they instead grew out of the intimate familiarity the Pilgrims had with the Bible. The Scriptures provide clear principles for establishing a successful economic system which the Pilgrims looked to. For example, Proverbs 12:11 says, "He that tills his land shall be satisfied with bread." So the Pilgrims purchased land from the Indians and designated lots for every family to individually grow food for themselves. After all, 1 Timothy 5:8 declares, "If anyone does not provide for his relatives, and especially for members of his household, he has denied the faith and is worse than an unbeliever."

We often think that the battle against Socialism is a new fight sprouting out of the writings of Karl Marx which are so blindly and foolishly followed today by those deceived by leftist irrationality. However, America's fight against the evil of socialism goes back even to our very founding during the colonial period. Thankfully, our forefathers decided to reject the tenants of socialism and instead build their new colony upon the ideology of freedom, liberty, hard work, and individual responsibility.

So, this Thanksgiving, let's thank the Pilgrims for defeating socialism and let us look to their example today in our ongoing struggle for freedom.

[1] William Bradford, History of Plymouth Plantation (Boston: Massachusetts Historical Society, 1856), 135.

[2] William Bradford, History of Plymouth Plantation (Boston: Massachusetts Historical Society, 1856), 134.

[3] William Bradford, History of Plymouth Plantation (Boston: Massachusetts Historical Society, 1856), 134.

[4] William Bradford, History of Plymouth Plantation (Boston: Massachusetts Historical Society, 1856), 135.