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RADIOSeptember 15, 2022

4 ways Democrats are RUINING energy & 5 ways we can save it

It’s not just that America needs more energy to run the nation NOW. But we’ll need much more if we actually want to run the technology of the FUTURE. So, it’s a good thing there’s no knowledge OR physical resource deficits to creating more, low-cost energy in thousands of places around the world, Alex Epstein, author of ‘Fossil Future,’ tells Glenn. Rather, he says, today's energy crisis is due to current political reasons instead. In fact, Epstein lists the four steps Democrats seem to be taking — especially within the Inflation Reduction Act — to ruin American energy. Thankfully, Epstein has the answer to save it. He discusses the 5 steps to his ‘energy freedom platform’ and explains how YOU can become involved to help save American energy too...

Transcript

Below is a rush transcript that may contain errors

GLENN: So last night, I laid out a kind of bleak look for the future of energy. And I don't think most people understand. We don't need just the energy to run things now. We need more energy to run the technology of the future. And Alex Epstein is with us. He's from the Center of Industrial Progress. Founder and president. And also, the author of a book you must read, it's Fossil Fuel.

And he's come equipped with some real solutions to our energy problem, to be able to stave it off. And, really, all you need is support from the American people. Right?

ALEX: Yeah. The great thing about energy, is there's all the potential to produce low cost reliable energy for billions of people in thousands of places. There's no -- there's no physical resource deficit for doing this, and there's no knowledge deficit.

Human beings know how to produce reliable electricity. Right? We know how to produce energy on a scale of billions of people. We're just being prohibited from doing it politically. Which means that there's a political solution, if we are liberated to be able to do it.

GLENN: So we have -- I mentioned that in Colorado -- I mean, people who have these smart thermostats. I've said for a while. Don't do that.
ALEX: That's a euphemism.

GLENN: Yeah. I know. In Colorado, they had to -- they lost control of their thermostats. And I mentioned that and said, you know, if your right to touch your thermostat is only worth $25 a year to you, good luck. But people are bashing back saying, well, that's because the coal-powered plants went down. And, you know, it was an emergency at the coal-powered plants. Because coal is just not stable.

ALEX: Yeah. We're really in this Orwellian world, right? I mean, the inflation act is called the Inflation Reduction Act. Freedom is slavery. And coal is unreliable. And solar and wind are reliable. Despite the obvious.

GLENN: Right. Right.

ALEX: Yeah. What they always point to, they did this with the Texas blackouts too.

They'll point to some individual failure of some fossil fuel plant. And then say, oh, well, this inherently doesn't work.

But we know that we can produce reliable electricity with fossil fuels, because we've been doing it for generations. And we've done it in all weather conditions. You can do it when it's really cold, when it's really hot. So if you know a fossil fuel plant fails, that's just something about the specific situation. That's not the technology. Solar and wind, they do not produce electricity most of the time, and you can't rely on them, almost any time. That's the basic nature of them. And part of what happens when you see fossil fuel failures is often, they have to account for the intermittency of solar and wind. So they have to cycle up and down, or be shut down and restarted more. Much more than they would be if they were on their own.

And -- or what happens is they'll get defunded, the way the whole subsidies just expanded unfortunately. Is that they defund reliable powerplants, including things like weatherization, say, for natural gas in Texas. So we know that we can -- again, we have all the ability to produce reliable electricity at low costs. We're just not using it because of political factors.

GLENN: Okay. So go over can't five-point plan.

ALEX: So I call this the energy freedom platform. And I encourage politicians of all parties to adopt this opinion unfortunately -- I mean, unfortunately right now, Democrats are not being very good in terms of energy. They almost all supported the inflation act. I think basically all of them did.

GLENN: And, by the way, I played the audio from an activist group, that was a part of this inflation reduction bill.

And they admitted, they were talking to their own supporters. And they were like, look, it's not about inflation.

It's really a green bill. Which we all kind of knew, if you were paying attention.

It's a green bill. It's stuffed with stuff about green energy.

ALEX: Yeah. And we can talk about how -- I mean, I consider that a four-step recipe for destroying American energy basically. Because just very quickly.

So it involves increasing dependence on unreliable electricity. If you want to destroy American energy, that's a good step one. Step two is add taxes and restrictions to fossil fuels, during fossil fuel shortages. That's a good -- that's a good step two. What were the other steps? I mean, it's so bad. Oh, yeah. Increase the power of the EPA to shut down fossil fuel projects. We need more of that, obviously. And then increase the power of environmental justice activists to stop all energy development.

GLENN: And you've just done that the lie the DOJ now.

ALEX: Yeah. They have this four-step thing, which if you're trying to destroy American energy, it's hard to think of a better plan. So let's talk about how to improve American energy, with the Energy Freedom Platform. So I'll give the five, and then we can go into depth in any of one of them.

Okay? So number one is liberate responsible development. Number two is end preferences for unreliable electricity. Number three is reform air and water emission standards to incorporate cost-benefit analysis. This is a really important one for EPA stuff. Number four is liberate -- is rather, reduce emissions long-term, through innovation, not through punishing America.

Through liberating innovation, not through punishing America.

And then number five, which I know you will be sympathetic to, is decriminalize nuclear energy. So we can talk about any of those, but they're all crucial.

GLENN: Okay. Let's just take them one by one real quick.

ALEX: Okay.

GLENN: First one.

ALEX: So liberate responsible development. Energy inherently involves developing the world around us. And yet we have an anti-development movement that is setting energy policy, and running many of these agencies. So there's opposition to development even in the investment world. But in particular, just all these antidevelopment policies that are restricting fossil fuel development, nuclear development, et cetera.

GLENN: So ESG is a good example. Well, ESG is a kind of quasi political. But if you just look at how difficult it is, if you take nuclear. Like how difficult it is to start a nuclear plant.

You know, you say, four years.

Now it takes 16 years. Part of that is you have these antidevelopment so-called green activists that can stop things on a dime. So you really need policies that are pro development. And they're responsible development, if they try to stop endangerment. So you don't want to endanger local people, or endanger some national treasure. But you can't have the idea that it's wrong to develop nature.

And that terrible anti-human idea is at the root of so many of our laws and policies.

So when I go into the details, if people go to EnergyTalkingPoints.com, you'll see there's a lot of specific policies that need to be reformed, that are antidevelopment right now.
GLENN: Okay. All right. Number two.

ALEX: So is end -- end preferences for unreliable electricity.

And on that website, there's something called electricity emergency, which goes into the details.

But basically, right now, we do three things. We have mandates for unreliable electricity. We prefer them in that way. Many states have those. Like my state of California, unfortunately has those.

We have subsidies, which we just expanded under the Inflation Act.

Right? So we did that. And then the most insidious that people don't know, is that we have very unfair pricing. Because there's no cost penalty for selling unreliable electricity into the grid. Now, you think about that. Imagine you have a car company, and you got to charge the same for a car that works a third of the time. And a car that works all the time. That's how the grid works. You get the same alternate for selling unreliable electricity. Reliable electricity. And actually, you get more. Because all the subsidies, that we just extended. So you actually get paid a premium for selling something that is not nearly as valuable. And sometimes unreliable electricity is of negative value. Sometimes if you have too much electricity, you need to off-load it. So this is -- if you pay a premium for you be reliable electricity. Guess what, you get unreliable electricity.

GLENN: Okay. Number three.

ALEX: So this had to do with the air and water emissions standards. So right now, let's look at what the EPA is doing. We have in that article, electricity emergency.

I talk about, there's slated to be 93 gigawatts of coal shutting down, in terms of already announced things. That's almost one-tenth of a reliable capacity.

One-tenth. This is by 2030.

But there's also the threat of 92 more.

So almost a fifth of our reliable capacity. There's a reliability bloodbath that's scheduling to happen. The lion's share of this comes from EPA policies.

So it's EPA deliberately trying to do things that will shut down these coal plants, even though as you've talked about, there's no viable replacement in the pipeline. We have almost no nuclear scheduled. Not nearly enough gas.

So how does the EPA justify this? Well, one thing is they don't use real cost-benefit analysis when they're making decisions. So they'll say, hey, wouldn't it be great to have lower emissions? But they don't think about, what is the cost of that, in terms of what is the cost to human life of an unreliable grid. They're almost incalculable. So the EPA is making these decisions, and they're not giving any consideration to the reliability of the great. So that's an example of you need real cost-benefit analysis.

GLENN: These people -- are there any honest people on this side? I mean, I don't understand how an honest person can look at it and not say, yeah, but this will make things more unreliable. And people will either die from heat stroke, or they will either die freezing in the winter. You know, you can't just have an unreliable grid like this? Is there anybody on the other side that is asking these questions that's honest?

ALEX: I think one. I mean, there are some people who are really anti-energy. So essentially, they're honest. They hide it from the public. They want less power. They want to industrialize. That kind of thing. I think one of the challenges is. I talk about this in chapter one, of Fossil Future. We rely on what I call a knowledge system to give us expert knowledge and guidance on all these specialized areas. And what you have is multiple of these specializations are failing, at the same time. But each specialization thinks the other is doing its job. So, for instance, the electricity people have been hiding the electricity emergency.

They're not acknowledging. Many of the companies have not been acknowledging. You talk behind the scenes, yeah. This is a disaster. But publicly, they won't say anything. The regulators are kind of silent. And so the public thinks, oh, there's not that big a threat. And then the EPA people, they'll distort the science about the side effects of coal.

But they'll kind of think, oh, yeah. We don't have to worry about reliability. Because the isn't saying that.

There's dishonesty kind of everywhere.

But one reinforces the other. I mean, we've got a world, that thought legitimately, you could rapidly eliminate fossil fuels by 2050, and it would work well. This was the mainstream view.

And part of it was there were all these false views, that are being combined. And people have this idea. Well, most people -- the experts, so-called.

The people that were told they're experts. They can't be that wrong. But they can be that wrong in part because what we're told the experts think is usually a massive distortion of what actually the researchers in a field think.

GLENN: Yes. That's happening with global warming, all the time.

ALEX: Oh, yeah. Of course. It's the idea that the world is going to end, if it gets one or 2 degrees warmer on a planet where far more people die of cold than of heat.

The researchers don't think that, but that gets distorted by what I call our knowledge system to make it. Oh, it's an apocalypse. And you have to take a crash emergency action and destroy all your energy. And then the planet will be nice to you. And then life will be great.

GLENN: Give me the fourth one.
ALEX: So the fourth one is --

GLENN: Reduce.

ALEX: Reduce emissions long-term. It's very important. It has to be long-term. Because there's no short-term producing of emissions. That's a pipe dream. So it's reduce CO2 emissions long-term, by liberating innovation, not punishing America.

GLENN: When did we lose that in America?

ALEX: Lose which one?

GLENN: The idea that we innovate our way out of problems? Instead, we're just -- we're just dismantling everything. Instead of saying, you know, hey, we've got -- we've got a food storage problem. And somebody comes up with the refrigerator, you know what I mean? We are already seeing technology, that is -- we have reduced greenhouse gases. Better than anybody else.

And a lot of it is because of new technology.

But we just dismiss that.

ALEX: I just there are a couple of things going on. So one of this is there's this idea that CO2 emissions are an emergency. And when you think of something as an emergency, you need to get rid of it immediately.

And if that's your view. The only thing you can do is just massively destroy human life.

I mean, that's the only way you can do it.

To reduce emissions now, in a world where fossil fuels are 80 percent of the world's energy. In a world that needs vastly more energy, 3 billion people using less electricity per person than one of our refrigerators.

Like, the world is going to be using more fossil fuels for a while. So if you think of it as an emergency, the world is going to end, then you are going to do these crash problems and accept these terrible consequences. Which we're just beginning to see. Because we've only reduced fossil fuels a little bit, compared to what has been asked for, in World Economic Forum, and all these other people. So one is this emergency mindset is really bad.

And it's not justified. We're safer than ever from climate. CO2 emissions have a warming impact and a greening impact. It's not a catastrophic impact. If you want to lower emissions. You have to think of it as a long-term thing. That's the only moral way, and it's the only practical way. China and India will not lower their emissions until there's a cost-effective alternative. Now, the greens say they want cost-effective alternatives. They say they want solar and wind. But notice that their approach is to first restrict fossil fuels. I know you've talked about, and then promise a replacement. That's not how markets work. That's not how freedom works.

GLENN: Right. That's not how anything of common sense works. You don't say, I know all the machines in the hospital are keeping your husband alive, but we're going to try something that's never been done before. So we'll turn off all of those machines. And then hope that something works. That's -- that's insane.

ALEX: But that has been the policy. Part of it has been disguised. They said, to take your analogy. They've said the equivalent of, hey, we have this amazing new machine. We're developing green machines. Right?

But what they didn't say, is their main policy is shutting down the machines that worked. Like, what did Biden do first? Shuts down the Keystone XL Pipeline. Bans leasing on federal lands. He didn't come up with some new energy innovation and prove it.

He shut down, what was -- what was working. And that's the huge prison. And so the approach has to be, you liberate innovation, so you get things like cost-effective nuclear.

But you don't dictate inferior alternatives, and call that innovation. Unfortunately, that's what passes for innovation today. That's what the whole inflation act is about. It's about mandating or coercing us to do these things that don't work.

GLENN: All right. Back in just a second. Now, this is five-step platform. However, we need your help on this.

And it's a -- it's a real thing, that could make the -- a significant difference, and turn things around for us. We'll give it to you, in just a few minutes.

Inflation. Hyperinflation. Recession. Depression. The Great Reset.

Man, if I read one more story out of Europe talking about, well, there's a possibility of nuclear war. The world has gone insane. Finding some security, and a safe place to hide. Look, wherever you are is where you're supposed to be. And you just have to figure out, how to navigate and protect your family the best way you can. In case of a catastrophic, oh, I don't know. Energy crisis. My Patriot Supply is taking $250 off their three-month emergency food kit. Do you know what the price of groceries and the shortage of groceries would have been like, if we -- if we hadn't had saint Biden step to the plate and avert this tragedy of the Amtrak strike?

You -- you might need emergency food, in situations, that you cannot see coming. Please, go to preparewithGlenn.com. Grab your three-month emergency food kit for $250 off the regular price. $250 off today by going to preparewithGlenn.com. PreparewithGlenn.com. Ten-second station ID.
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GLENN: So you are working with like 100 different legislative offices, correct?

ALEX: Yeah. To various degrees. So two years ago, I was very frustrated by -- I was having success with the public. And I was success with the corporate world. But the political world was just totally ignorant of the kind of pro-human, pro-freedom energy, thinking I had been developing.

And I figured out, like the thing I could do, was I needed to figure out how to give them messaging and policy, in a way that was useful for them.

So I started this website, EnergyTalkingPoints.com. Like, everything on that, can be fit in a tweet. So it's really efficient ways of explaining pro-freedom views.

So if you go there, there's probably thousands of individual talking points, all really well referenced.

And then I found that I got demand for people to get custom help.

So I created something called Energy Talking Points on Demand, where I would have biweekly briefings. And it's just with high-level offices. So it's congressional offices, U.S. Senate offices, and governor's offices.

And so we have about 300 staffers, that are part of it, over 100 offices, and increasing the meetings with the elected officials themselves. I spoke to a group of 20 last time I was in DC. I'm going to DC next week. And what I found there was a real appetite for this. Because many of these offices want to be pro-energy and pro-freedom. But they didn't have the messaging to explain -- to refute all the myths. And also clarity on what to do, going forward.

And that's why I developed the energy freedom platform. Was the clarity on what to do going forward. So what I've been encouraging them to do is, hey, this is a blueprint. You can win on these issues. And you can do something really good. So say Republicans.

Not politically -- not political, really. But let's say Republicans right now, are much more pro-energy. If you guys take over Congress, you need to advocate something positive.

You can't just -- once you take over, you can't just react to negatives.

There's a lot of reacting to negatives, and not a clear having positives. So I would ask your listeners, if they like this, it's really, really simple. Just call your office. Call your office -- oh, are you going to say something?

GLENN: I have got about 20 seconds before we break.

ALEX: Oh, sorry. Just say. Talk to Alex Epstein. Give them my email. Alex@AlexEpstein.com. Just tell the office to email me, and I will set up a call with them, and I'll tell them all about how to use the energy freedom platform.

The U.S. dollar might CRASH. Here's how YOU can prepare.

The U.S. economy is in trouble, and Americans are feeling it. But thanks to central banks around the world, it’s not just the U.S. dollar facing a potential collapse. In this clip, Glenn explains how the world’s central banks are ‘DESTROYING EVERYTHING.’ He explains how — even though it may seem like it’s gaining strength today — the U.S. dollar is facing a potential crash…a crash that could potentially turn America into Venezuela overnight. So, it’s best to prepare for all worst case scenarios NOW. Glenn provides actions YOU can take to prepare today.

Transcript

Below is a rush transcript that may contain errors

STU: So, Glenn, you have the big special last night on the economy.

And I find it to be a really fascinating situation right now. Let me give you just a couple of stats that I see.

GLENN: Yeah.

STU: The pending home sales, in the United States. Down 22.5 percent year over year. That's as low as the 2008 financial crisis. And almost as low as the covid collapse, which you might -- you might remember, we basically shut down the entire world, in March and April of 2020. It's that bad.

GLENN: Yeah. So nobody was really buying houses at that time, because you couldn't leave your house.

STU: You couldn't leave your house.

GLENN: So it's a little better than that.

STU: A little better than that.

GLENN: A little better than closing every business, every bank, every real estate office. All transactions stop. It's a little better than that.

STU: Yeah.

GLENN: Okay.

STU: Liquidity positions in the US Treasury market. This is measured by Bloomberg. It is as bad as March 2020 basically. As bad as March 2020.

Then you have this situation, which I find to be fascinating. If you have -- if you want to pay $2,500 a month on your mortgage. Okay? $2,500 a month, with 20 percent down.

Typical sort of situation, you might be going to buy a new home. As of a year ago, you could afford a house that was $759,000. With that outcome, 20 percent down. $2,500 a month.

$759,000 a year ago.

Now it's $476,000 because of all the interest rate changes, all of the inflation, and all of that.

Now, at the same time, almost every currency in the globe is going through the basement floor, and the U.S. dollar is the only one that is showing any strength.

So how do you look at all of that? And come up with some grand unifying theory, as to what is going on?

GLENN: The central banks are destroying everything. They're destroying everything. They all got bailed out. You know, the -- and I don't -- I don't -- I'm not qualified. Nor, do I feel appropriately equipped to talk about liquidity in the bond market. That's something that can be saved for CNBC. It just means that those people, who are in the, you know, stock game, the liquidity is very low. Meaning, there's not a lot of access money slashing -- sloshing around. So if things go down, there's no money there, to be able to bail things out. That is the central bank. What they've been doing. They've been printing money. So there's still plenty of money. Okay?

So that means, that you're going to have to start printing money. That's what happened yesterday, in England.

The -- the union pensions, all went under. Okay?

Just -- it folded up. There's no way we can -- we can pay for any of these pensions. Folded up. And so the Bank of England, who just swore, we're not printing any more money. Inflation is already out of control.

They said, except for now. We're printing money. And they just started printing money, like there's no tomorrow.

So the bond market. The stock exchange over there, went up. Why?

Because the people who are playing the game, and getting the money, from the central bank, they're like, okay. Great.

They're printing money again. Plenty of money. I'll make some more money here. I'll put it back into the stock market, and I'll make money. And then I'll pull it out. This is a game that does not end.

You cannot get out of this. This is something I've been warning about since 2008. And they're not going to tell you. I'm going to -- I'm going to attach a name to something. Because I really respect this guy. And I would have never expected him to say something like this. But he really believes, and so I'm attaching a name. Because I think he's a good guy.

And it just shows, if the good guys are thinking like this, what are the nefarious ones thinking?

I was on Neil Cavuto 2007, and I laid the case out, that we were going to have a collapse. And -- and he pushed back, and pushed back. And I have no problem, if people disagree. In fact, I said, Neil, if you disagree, please, I want to know where I'm wrong. I want to be wrong on this. It just doesn't look like I'm wrong.

We finished, and Neil, who, again, I believe is truly a good guy.

He looked at me, and -- sorry, he didn't look at me. I got up from the table. I said, thank you, Neil. That was good. And he said, you're the most irresponsible broadcaster, I have ever met.

And I said -- and that was crushing to me, because I like Neil. And I said, what?

And I said, what do you -- what -- why -- what did I get wrong? Why didn't you say what I got wrong? Because I want to know.

And he said, no. You're not wrong. We just don't say those things. That causes panic. And panic causes things to get worse.

And I -- my -- my point of view was no. By not telling the American people, what is possibly coming, causes even more panic, when it comes.

The reason why I say this, and I've attached his name to it, for the first time, is because I respect Neil. I think he's a good guy. And there are honest people who have honest differences, on what to say and how to react.

But you have an administration now, and a media, that is doing nothing. They're doing nothing, but lying to you.

And everybody knows, this is a train wreck. So yesterday, the British pound, almost collapsed.

Why is the dollar going up?

Because the euro is going down. Because the British pound is going town. Everybody is on the verge of collapse.

America is the strongest place to put your money. Now, let me ask you this: You have to -- you have to put your product in a store. And you're responsible for everything that is sold, damaged, or lost. Where are you going to put your product? A CVS? In a part of town, that is just -- is getting ransacked every day?

You know, you're going to put it in downtown San Francisco, where people go in, and take the product, and just walk away with it. Are you going to put your money there?

Or are you going to put your money in a place, where it may not happen. But it is happening, but just not at that rate. Yet.

You, of course, put your product there, and stop putting your product in San Francisco. Correct? Doesn't that seem logical?

That's what's happening to the dollar. It's not that we're strong. It's just that, we're the last one to go.

And as I've had this argument with people, I've always explained it as the floatiest poop in the toilet bowl. Because maybe it will get people's attention. That all has to be flushed. Okay?

It is not going to last. It's not going to last. But people with lots of money. Institutions, you know, funds that are investing for other people. Where are you going to put your money? Where are you going to put it?

Tell me the country that is stable. Tell me the country that isn't on the verge of collapse. Tell me the country that didn't play the game of printing money, so they could spend more money.

Tell me the country!

You can't. There is no country. Did you see the video of China blowing up their ghost cities? Have you seen this?

They're taking the parts of the ghost cities, where they hadn't finished them. And I mean, 25 skyscrapers. Okay?

They looked finished. They're not finished on the inside. Twenty-five of them. Taking them all down at once. Boom. Blowing them up.

They're all coming down at once.

STU: It looks like the finale of Fight Club. Is what it looked like to me.

GLENN: It's crazy, isn't it?

STU: It's crazy.

GLENN: They're destroying them, because they can't let them sit there empty. So they blow them up and destroy. Because that never worked. What they were doing was printing money, that didn't have. To keep everybody employed. And build these ghost cities.

Now, what? Now, what?

So you have to start thinking, in a way that you've never had to think before.

And this is a global thing. People in England -- and I doubt they are. Because they don't have talk radio. They have the BBC.

And if you think I was on NPR, and would be allowed to have this conversation, you're fooling yourself. So try to get somebody on the BBC to say this. They won't.

You -- if you're in England, and I think that it's going to go well, it's not. And it has nothing to do with the new tax proposal.

The new tax proposal, lowered corporate rates, by one percent. 1 percent.

That's not going to cause an economic collapse. Okay?

That will actually spur things on. Not very much. Because it's only a 1 percent cut. It's no big deal. The other cuts, were already in the plans. They were already coming, were they not?

STU: Yeah. There's a tax cut for the average person, 20 percent. And 19 percent. The highest income bracket, went from 45 to 40. They say, the difference here is $5 billion. This is the -- the panicky thing. You know, the -- these estimates. $5 billion of tax revenue per year. Which, of course, is nothing compared to what they spent on covid. And is basically what they've already spent on Ukraine this year. Not us. But them.

GLENN: So don't send, what you were going to send to Ukraine.

STU: Or just stop spending the money on covid, which you should be doing anyway.

GLENN: Right. And you saved all that money. You've done it in a year. Save that money.

STU: It's a miracle.

GLENN: What's happening is the banks. The central banks have played the game. We are now coming to the end of that game. So now, what do you do?

I'm not going to talk at all about stocks or bonds, or any of that crap, that you'll find on CNBC.

They know more than I do, I'm sure. But let me tell you, for anybody who is not a big investor, what do you do?

Next.
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Ten-second station ID.
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GLENN: Jeez. All right. So what do you do? What do you do?

I don't know what people are going need to. I just know people are going to be in need. So if we want to be a blessing to others, and yourself. The best thing you can own is food. Water. Natural gas, or, you know, propane.

Anything that are essentials. Toothpaste. Toilet paper. We are going to see real shortages. And that is going to be coupled with a stagflation kind of market, where people are losing their jobs. We're not growing at all.

And -- and people don't know what to do. You have to think like a German Jew of the 1930s. You have to start thinking that way.

You have to start thinking -- just like a German in hyperinflation. If you read any of the diaries of these people that lived back then, they said no one knew what hyperinflation even meant a week ago. Now it's all that people can talk about.
You have a chance, as we outlined on the special last night. There is a chance, we turn into Venezuela.

And that happens overnight. That is not something -- how does somebody go broke? How does somebody go abrupt? Over a long period of time, and then all at once.

You made decisions all along, and you push it off, push it off. Push it off. Then the straw that breaks the camel's back, it breaks. And you are out.

That's the way it will happen here. Hopefully, it doesn't happen. And I can't tell you for sure, what to invest in.

What to put your money in. I know food will never go out of style.

But will food be called hoarding, well, it was in Germany.

Art. Art. But how long does it take -- because there are going to be people that survive. See, they are just waiting you out.

The people at the top, are waiting you out. When you crumble, and you can't afford it, then they'll scoop in, and buy it at a wholesale price.

So what do you have? What do you have? Gold, silver. We're going to talk about cryptocurrencies? Just a second, with a guy who is going to be the head of the -- or one of the heads of the House financial committee.

When we come back here in about ten minutes.

He's going to talk to us about cryptocurrency and what all of that means. And what the government is doing. Right now, what are they doing?

They're collapsing cryptocurrency. Cryptocurrency, I bet you, if it was completely unleashed right now. If there weren't any governments saying, well, we're not going to -- cryptocurrency will probably be at $100,000 for bitcoin right now. You have to have food, water, land, a home, but not the stuff that you're so far in debt.

If you have high interest credit cards, anything that is high interest, or variable, get rid of it right now. It's better to have, you know, five or 7 percent loan on your house. Than a variable loan.

Because the interest rate could become crippling.

Now, what most likely is going to happen, is they're going to just start raising the rate. And raising the rate. And raising the rate. Until, everything falls apart. And then they're going to slash the rate. And at the time they slash the rate. Before inflation is fixed, that is your moment of we've given up. Escalation of inflation is our destiny. You'll start seeing them go to cryptocurrency and everything else. When America is it that, that's when the world really freaks out, and the game completely changes.

3 ways Dems used Hurricane Ian DESTRUCTION for political gain

If there’s one thing today’s far-left are good at, it’s using human tragedy for political opportunity. And even before Hurricane Ian made landfall, that’s actually what some Democrats decided to do. From Biden urging Floridians to get vaccinated, to the mainstream media’s onslaught against Governor DeSantis, and potential plans to politicize FEMA, Glenn shows how political gain seems to be the left’s current strategy as this massive storm hits our Gulf Coast…

Transcript

Below is a rush transcript that may contain errors

GLENN: So Stu, how excited are you? Wow. Where do we even begin today?

Well, let's start with Joe Biden. Here's the advice for anybody in Florida. Really important advice yesterday, from Joe Biden.

BIDEN: Let me be clear. If you're in a state where hurricanes often strike, like Florida or the Gulf Coast or into Texas. A vital part of preparing for hurricane season, is to get vaccinated.

GLENN: Ah, yes. Yes. Yeah. Much more complicated.

BIDEN: A natural disaster hits.

STU: This is great news. We have a hurricane vaccine? I didn't even hear about that.

GLENN: Yeah. You just have to vote Democrat. That's it, you vote for a Democrat, and no hurricanes.

STU: That's it! Wow.

GLENN: So he's right there on the front lines for you, America. And, Florida, he's there for you. We got to make sure that they get vaccines, because it will be very complicated, you know, when we're pulling you in from, you know, the water or off the roof of your house. I mean, we'll send a helicopter. But have you been vaccinated?

STU: Have you ever had a vaccine underwater?

It's really difficult to administer.

GLENN: It's very difficult. Very difficult. That's why you should have had it. You red staters. That's why you should have had it. By the way, so far, the president hasn't cauldron DeSantis at all. Can you give us cut seven, please. Here's a FEMA official, saying. Wait a minute. Why haven't you called yet?

VOICE: Can you articulate how those determinations are made. And why -- and why it hasn't been made in this case, to have the president call the governor.

VOICE: Yeah. The president is very focused on making sure that the federal family has the right resources available to support this.

GLENN: Have you been vaccinated?

VOICE: We have a team of my senior leadership that are embedded with the governor to make sure that we're supporting that. Our focus today is making sure that we have the right measures in place to support the life-saving activities that need to happen. Any conversations afterwards, need to be -- see what the damage is done.

GLENN: Yeah.

VOICE: But he's made conversations with the mayors. So is there any reason why not the governor?

VOICE: Again, we have a strong team that's in place, supporting the governor right now, working side by side with him and his staff. How are you working side by side, you haven't called him!

STU: I think they did eventually call him.

GLENN: Good. Good. Well, that's usually very low. I know when the fires and everything were happening. And that evil George Bush, who hates California.

He's like, whatever California needs, we're not going to supply it. In fact, I'm not even going to call and find out.

You know, I wish there was just one person we could call. Do you remember George Bush. It didn't matter what state. Even in Hurricane Katrina. He called and said, please, evacuate the city.

The Democratic leadership said, no. He didn't get vindictive about it. He was immediately there. And he even took the blame for all of it. Even though, he didn't deserve it. Same with the wildfires.

Where is Joe Biden? Have you been vaccinated?

All right. One other thing I want to bring to your attention. First of all, let me say this, and then we'll wrap that section up of Rick DeSantis. Ron DeSantis.

STU: Ron DeSantis.

GLENN: What you have to watch for here, is the media smearing Ron DeSantis. They're going to do everything they can, to make him look incompetent. They'll do everything they can, to make Florida look like a hellhole, that's just out of control. Guarantee it. Guarantee.

STU: Yeah. I mean, number one is obviously the concern about what's going on with the human life, and all the effects of the hurricane. But like, when you look at it from a national perspective. What we'll have here is a story over in the next few months. And actually in this case, the next few weeks. Is there are tons of people, starting with his opponent in the gubernatorial race. But also spreading to every government operative across the country. And every media operative across the country, who see Ron DeSantis as a real threat to Democratic power and have an opportunity here, whether true or not, to try to take him out, not in the 2024 election, but right now in the next few weeks. This is an election that is seven or eight points. Maybe five points in Florida. With DeSantis leading.

You know, if this goes poorly, and they can convince the American people. The people in the middle. Not the hard-core leftists. The people in the middle, who think that maybe Ron DeSantis does a terrible job managing this somehow. If they can convince him of this, they can take him out before this gubernatorial race, and then he's not a factor at all in 2024.

They see this as Democrats so often do. Human tragedy, they see as an opportunity.

GLENN: Well, I want to get into that here in a second. But, first, here's your opportunity to serve. Mercury One working with its partners. We are mobilizing on the ground with food, electrical support, communication support, and cleanup support.

We will be in first and out last. We need your help. Just go to mercuryone.org. And donate to our Disaster Relief Fund. We have many donors in Florida. Mercury One is there to help.

So please, if you can, donate now to mercuryone.org. And we will keep you up-to-date on the latest. And what we're doing. We're just waiting for it to come ashore. And then we'll spring into action. All right. The next thing I want you to know about is FEMA.

We found a paper. This is, oh, I don't know. Several years ago, this paper was written. He's a climate activist. And it proposes that FEMA could be weaponized to, into being reactionary to natural causes. It would be proactive. And it would operate as some sort of a green new deal enforcer. Well, we found this paper, and it says, quote, if the moment is seized, the current crisis and any renewed attention, it may bring to emergency management, can be an opportunity to recast it, as more vital and strategic component, of the future political landscape.

The paper laments that FEMA's previous restrictions when it comes to liberty, and their reluctance, to, quote, propose limitations on private property, end quote.

Really?

We were done with the talk of FEMA camps and Black Hawk helicopters.

No. You're not done with that. Let me put it back in here. For just a second.

This is The Great Reset. Now, have there been any changes at FEMA?

Well, yes. If you go to the FEMA dot-gov website, you'll see integrating sustainability into recovery. Now, it was updated July 22nd, 2020. So this is being set into motion at FEMA in the final months of the Trump administration.

But remember, there's no such thing as a Deep State. We have one of their guides, that is actually linked back to the Department of Energy, going green from the ground up. And the first section says it all: Quote, out of crisis, opportunity. And they're talking about FEMA going in, when there's been a horrible, horrible crisis. And the first question is: Why go green from the ground up?

Because we have the opportunity. And FEMA can lead the way. Saul Alinsky would be very proud. Identify a crisis. And if none exist, create one. And then rebuild society the way you want. Now, keep in mind, this is not from congressional committees. This is from a group of unelected Deep Staters. FEMA and the Department of Energy. As you scroll through the FEMA website, it looks pretty familiar, to stuff we've already seen someplace else.

In fact, it's a damn near carbon copy of the united nation's agenda 2030. The agenda for sustainable development. And their 17 sustainable goals are another carbon copy of what the Davos crew are saying in the World Economic Forum, and the great reset.

It's all the same. What they're significant is, if you actually like or need your high carbon footprint job. If you work in the oil and gas industry. Car industry. Coal industry. 95 percent of blue-collar worker, literally anything they don't like, it's too bad.

And the rebuilding of any city is going to come at a higher cost. Because they're just making it sustainable for the future.

To the new U.S. government bureaucratic great reset, liberty is a liability. As that FEMA academic paper stated. Private property is a limitation.

We'll keep our eye on FEMA, and hopefully they're bringing clean water, and then going home.

The Nord Stream pipeline SABOTAGE puts us ALL AT RISK

Was the Nord Stream explosion sabotage? And who was behind the attack? Was it Russia? Ukraine? Or Germany? No matter who was behind the move, Glenn explains, it puts us ALL at risk. Because destroying civilian infrastructure now is 'on the table' for Vladimir Putin, and this may give him enough reason to 'take his gloves off.' The stakes here are real, Glenn says: 'Water, electricity, oil, pipelines...ALL of our infrastructure is at risk.'

Transcript

Below is a rush transcript that may contain errors

GLENN: Okay. So I -- I am not sure, because of the hurricane, I can't get a -- a good grip on how America is feeling about this Nord Stream bombing. But that's what it was. We know that this was sabotage.

There's no natural explanation for it. And it would have somebody diving about 200 -- 220. 230 feet, below the surface. That is not something that your average diver can do. And this is encased in concrete.

So this is blowing up the concrete and getting to the pipeline, to blow that up. This is -- I mean, it's not -- you know, it's not going to the moon. But it is, you know, rather difficult to do.

So who did it? This is an explanation that it is so important for you to understand. This is now a non-military key infrastructure, that has been destroyed.

If Russia thinks we did it, they've already said, nukes are now on the table. That gives us a green light to use nukes. Forget about nukes for a second. Because if that happens, we all have 18 minutes. I'm going to the bar. I'm going out with a drink in my hand. But you've got 18 minutes. Family, meet me at the bar.

My wife would probably already be there. I've been there for months. Living with you.

Anyway, so forget about nukes for just a second. And let's talk about, what other things can Russia do.

This is non-military key infrastructure. Outside of the borders of Ukraine.

To date, as far as we know, combat targets were either in Ukraine, or were military targets, hit inside of Russia by Ukrainian Air Force or Special Forces. But the target menu, now includes key civilian infrastructure: Electricity, water utilities, energy production.

That makes Russia more dangerous than ever. And that would be true, no matter who carried out the attack.

MIDTERM UPDATE: What Republicans must do to WIN BACK the Senate

The midterms are just one month away, and the stakes for our republic have never been higher. If Democrats keep their current control of both the House of Representatives AND the Senate, America may never been the same. In this clip, Glenn and Stu run through the latest numbers: The races currently leaning left, those leaning right, and the ones that are becoming closer each day. These are the races Republicans MUST win if they want to take back control…

Transcript

Below is a rush transcript that may contain errors

GLENN: Average income lost under Joe Biden is $4,200. Gas prices have risen now, this is the sixth day in a row. And numbers are falling for the Democrats. But is it showing up at the polls yet?

STU: Yeah. Yeah. I think -- I just some of the early Democratic momentum pitch, that we have heard has started to fade quite a bit. We went through this on Stu Does America on Friday. We did our first sort of chalkboard magnet. All the states break down the Senate look. So give you a quick picture of this. The lay of the land, before any elections even start is 36 Democrats and 29 Republicans. That's because all the seats aren't up for election. So they start with a nice lead here already. In the likely category, probably not going to change. There's at least eight races there for the Democrats. There are 13 races on the Republican side, that are likely not really going to be all that close or competitive. Which brings you to 44-42. Some leaner races: Leaning Democrat right now, we have Colorado and Washington, which are two states that are -- the polling is favoring Democrats by a decent amount. You know, Republicans really like their candidate in Washington, for example. So there's some reason to watch those races. Though, they're favoring Democrats. Also, New Hampshire and Pennsylvania, we have in the leaning Democrat. Now, Pennsylvania as we've covered is completely insane.

If that's the way they go, they have a man who can't speak, as their candidate. But still polling showing them five points or more up in most of these polls.

New Hampshire just finished the primary. Right now, Maggie Hassan seems to have about an eight-point lead in that race.

Though, that one I can see tightening. It's been tighter in races before the primary, so we'll see how that goes.

Leaning Republican, five races there. A couple of just sort of weird races there. Which is Alaska. Alaska has the situation with the rank choice voting, going on. But it's really Republican versus Republican there. But then again, one of the Republicans is Lisa Murkowski. So do you count that? I don't even know.

GLENN: Yeah, Democrat.

STU: Right.

GLENN: But how is she performing in the polls?

Because the others dropped out, to kind of coalesce around Murkowski's --

STU: I believe Murkowski gets beaten when it actually occurs.

The fact that this woman ran a write-in campaign from the Senate and won. She won, a write-in campaign for the Senate.

The name goes a long way in Alaska. Murkowski. It's almost all Democrats voting for her.
I mean, that has really become the Democrats and moderates sort of going that way, where Republicans are going towards the Trump-favored candidate there in Alaska. So you'll get a Republican out of Alaska and for the Senate. It just depends on if it's Murkowski or not. I mean, she's one of the weakest Republicans you can find. Another weird one, we've talked about a lot, is Utah, with Mike Lee. He's running in a race against an independent. There have been some close polls in this race.

GLENN: I don't believe it.

STU: I don't believe it. I still this is a strong Republican scene. I think Lee will win there. It's closer than I think Mike wants.

GLENN: Mike always -- even when he's not running for reelection. He's like, you know, I have to listen to the people, because the people they can throw me out of office at any time.

STU: Yeah. Sure.

GLENN: And I think there's a part of Mike that, you know, wouldn't mind it, if it's okay, it's over. Go make money. Go do something with your life.

STU: That's got to be the feeling of a lot of people.

GLENN: Yeah, I think so. But he takes it seriously.

STU: Oh, yeah, and look, he should. This is a new tactic from the Democrats. This is what they're rewarding in Utah, if you vote for Evan McMullin.

It's a new tactic. Instead of just running a Democrat, they run a guy who says he isn't a Democrat, but just will vote like the Democrats every time. You can have that if you want. Normally that's done under the D banner. It's now done under the I banner.

GLENN: And they didn't run.

STU: The Democrats dropped out of the race completely, and just are letting everyone vote for --

GLENN: It's crazy. It's crazy. And you will see this in every election, if it works this time.

STU: Yes. Especially in deep red states. They will try to knock off Republicans, by running fake independents in this case.

Missouri is out there as well. Eric Schmidt has a pretty solid size of a lead, he should win there.

Florida is closer than I think it should be with Marco Rubio.

You know, oddly, he's -- most of the polls only have him up four or five points.

GLENN: You're kidding me!

STU: Yeah. And this isn't a race where obviously DeSantis is likely going to win handily. Val Demings is the candidate in Florida, going against Rubio, who was mentioned as a VP candidate for Biden. Somebody thought highly of her, on the Democratic side.

GLENN: She has brain damage?

STU: No, I don't know.

GLENN: She'll never have a leadership role.

STU: And Ohio, we talked to JD Vance last week. He's opened up a lead in most of the polling there. I think he'll win that race. But still too close to say it's a likely race by any means. So it's five. So, basically, what you have there is 48 Democrats. Forty-seven Republicans. If you include the lienors. And five toss ups for the Republicans to take advantage control of the Senate, they would need to win four of these five races. Arizona, Nevada, Wisconsin, North Carolina, and Georgia. Their best hope right now, probably North Carolina, where they are relatively consistent, but small lead there.

Nevada seems to be pretty much toss-up. Though Adam Laxalt seems to be moving ahead slightly there. Ron Johnson has had good polls in Wisconsin, lately.

It looks like he might be a slight favorite there. Arizona has narrowed, though still favors the Democrats.

Although, it's hard for me to understand the polling there. You see polling where Blake Masters is down by seven or eight points. And Kari Lake, who is supposed to be the most extreme, crazy person in the world, which she's not. We've had her on the air. She's running for governor. With the same voters, and they're saying, she's only down by one. So it's hard for me to understand how Masters would be down eight, and Lake would be down only one.

GLENN: Name recognition.

STU: And she might be. She might just be a really good candidate, and Herschel Walker in Georgia well. The polling has bounced back and forth. Both very close. Really a pure toss-up race at this point.

GLENN: Oh, jeez. For the love of Pete, get everyone you know. Dig up your father, your mother. Bring them out. I mean, let them air out a little bit.

STU: Democrats do it all the time.

GLENN: Yeah. What's the problem with that? Make sure that everyone goes out and votes.