RADIO

Are China & Russia WARNING us that the dollar may COLLAPSE?

The strength of the U.S. dollar is in incredible danger, especially as more countries around the world take BIG moves to distance themselves from relying on it. In fact, a new alliance of nations — which includes both China and Russia and which calls itself the ‘Axis of Good’ — even is WARNING America of their plans. In this clip, Glenn describes their 75 point plan that President Xi encouraged Westerners to read. If this leads to a COLLAPSE of the U.S. dollar, today’s inflation would become much, much worse. Russia and China are warning us of what’s on the horizon, so where is our U.S. leadership? Prepare for impact, Glenn says…

Transcript

Below is a rush transcript that may contain errors

GLENN: All right. So the U.S. dollar has dominated the global financial system for a long time. And it is truly one of the main reasons we are so wealthy. Okay?

Because our dollar -- after World War II. Let me just explain this to you, quickly. After World War II, nobody had any gold, except the United States. We had almost all the gold from around the world. Because the entire western world was fighting against the Nazis and the Japanese. And they needed ships and planes. And bullets. And guns. And everything else.

And we were one of the only industrial powers that hadn't been bombed. So we had everything, plus we had cheap energy. And we had educated workers. We could transform our -- our plants to build anything.

We in three years, were building more planes, better quality than the Germans were producing. And they had had, you know, 20 years of building up these plants and getting it down.

So we were a to be reckoned with. And everybody had to buy the stuff from us, because it was really their only choice.

And they paid in gold. So that's one of the reasons why we were so successful. When we got off the gold standard, the world thought, okay. They're going to destroy their dollar. And they're doing what's right for America. And not what's right for the world. Because we promised them, a dollar would equal a dollar of gold. Then we changed. When we got rid of gold, we said, it's going to be the petrodollar. And it's going to be a deal we made with Saudi Arabia. That oil could only be purchased in U.S. dollars. Okay? So everybody had to hold those dollars. Because if you wanted oil, it could only be purchased in U.S. dollars.

So they kept all of our money into the banks. All of the sovereigns kept -- you know, gold, fat chance. And dollars in their banks. And that's how the world works.

Once the dollar is over, rocky, can be replaced, believe me, it will be.

So the international system is maintained by several dollar-dominated organizations like the IMF, the World Bank, the World Trade Organization. I want to point out that all of the board are on board, or all of the above are on board, with the Davos, and the great reset. And countries like Russia and China and Saudi Arabia know this.

So when we went into Ukraine, there was one action by the West that changed and accelerated absolutely everything. Everything.

It was the dollar-dominated system. It took hundreds of billions of dollars held by the Russians and made it go, poof. We ghosted hundreds of billions of dollars. Now, imagine if Saudi Arabia or China or anybody did that to us. If we were holding all of their money, and I'm going to show you how it's going to happen with China soon. Because of people like BlackRock. And what they're altogether with investments in China.

But imagine billions of dollars. Hundreds of billions of dollars, just disappear overnight, because China says, we no longer agree with you. But imagine if it wasn't in the stock market, it was actually dollars that were held instead of gold -- and the promise was, it will always be worth the price of gold.

So China, Russia, India, Saudi Arabia. Saudi Arabia. Remember, we don't have a gold-backed dollar. We now have a petrodollar. Saudi Arabia, a part of it. They were like, you know what, I just don't -- I think we should get out of the dollar business. Well, that's easy to say. Harder to do. Okay?

First, what they had to do was start to decouple from the entire thing.

And the Axis powers already had this in works. Iran announced that they were now officially ditching the dollar in trade. And they're -- and their growing ally now is Russia. They also announced similar trade plans with China, India, and Turkey. Iran, Russia, and Turkey.

So you know, that is -- that has never happened before. And that is literally what the Bible in end time revelation refers to as Gog and Magog.

The two -- the -- the coalition, if you will, that is the coalition of the Antichrist. Gog and Magog. That is Iran, Russia, and modern day Turkey. They met last month. And they all, but admitted a new anti-American alliance, that they call, quote, the axis of good. I would call it the axis of evil. But remember, in a time, where all good is made to be bad, and all bad is made to be good. They're calling themselves the axis of good.

As the western G nations met in June, another economic and military PAC was meeting nearly simultaneously. It was the BRICS summit, that nobody strangely was really covering or paying attention to.

BRICS is composed of BRIC: Brazil, Russia, India, China, and South Africa. It's just five countries, but the potential is massive. Each country has participation in their own individual trade blocs. For instance, Brazil is part of the South American free trade area, which has 11 members. Russia is part of the European economic union. The trade area with eight members. India, south Asian association, for regional cooperation. Eight members. China has their own partnership with 15 members. South Africa has a trade agreement with 34 member states. Now, I point this out, because this axis is a juggernaut. It could become a juggernaut.

And hostile to the U.S. dollar really fast. So at the beginning of the BRICS summit, President Xi was there. And he declared that the West was, quote, weaponizing the world's economy.

We were. Everything we do, if you don't agree with what the West is saying, particularly America, we'll cut you off. Well, that's not really a stable system.

So they got together, and the BRICS -- at the BRICS summit, they laid out 75 points. And here's what President Xi was saying. He urged people in the West to read it.

Now, why would he do that? Because he wants you to know, exactly what's coming.

For the economic axis of evil or good, to replace the dollar international system, they must first find a way to operate outside of the IMF, the World Bank, and the World Trade Organization. And the dollar is the last one. The IMF, the International Monetary Fund, and the World Bank. These are the ones that, you know, kind of settle debts and work together, and decide who is going to get some bailouts. Who is not. The WTO is the western trade agreement. And then the dollar is the one that everybody uses.

Points 37 and 38 are about, quote, enhancing cooperation on supply chains, between BRICS countries and their partners. And it goes into specifics. But it's clear what this is about. They're going to replace the World Trade Organization.

Point 39 talks about a, quote, new development bank that has just been opened in Shanghai.

That's their solution to both the World Bank and the IMF. Point 49 talks about the new intra-BRICS trade system, that can make transactions within their group. What does that mean? Do you remember when we kicked the world off of SWIFT? We'll get them now. They won't be able to make transactions because we're the only one with a system, that can make those inner bank and inner country transactions. We're going to kick them off of SWIFT.

Huh. There's a new intra-BRICS trade system, that will do what SWIFT used to do. The last thing is to ditch the dollar.

And they can completely circumvent western sanctions. But it also will mean, that half the world will dump their dollars.

You think there's inflation now, wait until half of the country's of the world, no longer need to use the dollar. No longer believe it's worth its weight in gold. And just dump them.

Putin said directly, right out in the open, during the BRICS summit. They are telling us, what they're going to do. They are urging us to pay attention.

And we are so arrogant, that we are not taking it seriously. Everything I pointed out to all those friends and economists that I've talked to in the last 20 years, that the dollar is going to be dethroned. And they said, no. Because there's no other system. You don't understand. And I said, I understand the free market, and humans enough, to know there's only -- there's a point of no return.

Where people say, you know what, it's not worth it. Let's build something else. And then clobber the dollar. That will never happen.

Well, I've lived in a point of history where I have seen things that cannot happen, happen.

By the way, if you have to live under this system, which we will, all of this goes through. I want you to know this. Brazil is the world's second largest soy producer.

Russia is the world's largest wheat producer. South Africa is top ten in corn. China has a quarter of the world's grain. India is number two in rice.

You add Saudi Arabia, and we're done. What is it we're doing? We should be reinforcing. We should be unleashing our energy -- our energy producers. We should be unleashing our farmers.

There's new stories out today, that 75 percent of the farmers and ranchers either sold off a good portion of their cattle for slaughter. And if they were growing crops, a third of it, they plowed under.

We should be going the opposite direction. We are regulating and squeezing our own people. And then pissing off the rest of the world.

Prepare for impact, because it will come. It's not a conspiracy theory. It is not insane. Russia and China are doing it now.

Prepare yourself.

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RADIO

Meet the pro-Intifada candidate NYC Democrats just elected

New York City Democrats just elected 33-year-old Zohran Mamdani, a "socialist Muslim", as the Party's candidate for mayor. But Glenn Beck argues that his radical beliefs are actually communist and Islamist.

Transcript

Below is a rush transcript that may contain errors

VOICE: Z10852. Something weird is going on. The World Trade Center is on fire.

VOICE: Seriously the top of the building. We're trying to get information.

VOICE: Top level of one of the --

VOICE: To unfold from New York City.

VOICE: A plane crashed just --

VOICE: My sister is in that believe. I hope she's okay. I have to come to New York.

VOICE: It's pandemonium.

VOICE: It's raining papers.

VOICE: Wait a minute! Stop just a second. Why are we -- why are we -- I've got breaking news. Breaking news, yesterday. New York City just elected as their mayoral candidate for the left. And the Democrats, a -- a Muslim radical, who is also a communist!

So, you know, it only took you 25 years. It only took you 25 years, New York, to go completely insane.

Somebody who is -- well, I mean, if I might quote Michael malice today. I am old enough to remember when New Yorkers endured 9/11 instead of voting for it.

But you've got a -- you've got a communist jihadist apologist now.

Who was -- you know, well, CAIR put $100,000 behind his bid for New York City mayor.

So you have somebody who is endorsed by CAIR. That's really good.

He also was somebody who said, you know, he was -- he was for the shooting of the United Health Care CEO.

Said he was looking forward to driving down magnum Joan avenue. I don't know. Sounds like supporting people in the streets. Maybe it's just me.

Then he also said that he was going to globalize the intifada, which I think that's -- maybe -- maybe that's just me.

I mean, what do I know?

Tim Miller who is a podcaster. Asked him a few weeks ago. Asked him about his pro Palestinian slogan. Globalized the intifada. And he said, for me, ultimately, what I hear in so many, is a desperate desire for equality and equal rights, in standing up for Palistinian human rights. Oh, is that what you hear, Mr. CAIR?

Really? Huh, that's interesting.

Right. So globalize the intifada.

I mean, I mean, sure, that's -- I mean well, let me go on.

Because I don't want to take him out of context.

He then delved into the semantics of the intifada, citing the United States Holocaust memorial museum's use of a word for a translation for uprising, in an Arabic version of an article, a museum published about the Warsaw ghetto.

Oh!

So this is just a comparison, about the -- the armed rebellion against the Nazis!

I don't know if that makes me feel better!

I mean, if we're globalizing that.

We're the Nazis in this scenario.

Because I don't think it's the Palestinians.

I certainly don't think it's anybody who is like, hey.

Global jihad. I don't think it's those guys.

Or the Nazis. Who are the Nazis in that?

And it seems, if that's what you mean, then it's not just a harmless kind of slogan about human rights. It is a call for violence on the streets.

Because I don't know if you know, that's what happened when the Jews had their uprising against the Nazis.

I'm just saying!

But, hey, hey, free Palestine.

Oh, that's not what that means, gang. That is not what that means, but don't worry about it. He's just going to be possibly the new mayor.

And that's great. By the way, the Columbia faculty members signed a letter defending Hamas.

They were also among the donors to his mayoral campaign.

So, you know, you don't have anything to worry about.

And his father, who used to work at Columbia. Do you know, Stu?

Is his Dad -- is he still a professor at Columbia University?

He said that -- this violent terror thing of Islam, is not a part of Islam. Now, I've read the Koran, and much of the hadith.

And I'm pretty sure the violence is a part of that. But no.

No. This is something entirely new.

And his father while at Columbia university, wanted everybody to know, that this is actually -- this is something that came out of America!

America is really responsible for this.

And, you know, it really started with the Reagan administration, you know, when he started -- when he started with his very religious terms, to finish the war against the evil empire.

So, you know, that's where -- that's where 9/11 came from.

Is what -- don't worry about it! Don't worry about it!

Because who am I? I'm clearly just -- am I an anti-Semite today, or am I an Islamophobic? I can't remember which one.

Oh, it's probably both. Anyway, Islamophobia. Let me just explain Islamophobia. I haven't even gotten to the Communist part of it. Which is really, really -- New York, you're in one for hell of a ride. Buckle up.

It will be a fun rollercoaster for you. My gosh, I've never been happier that I've been away are if New York.

Anyway, I just want I to know, there is Islam. And then there is Islamists. Now, an Islamist is somebody who really wants Sharia law.

That's political Islam!

That's not a faith. That's political Islam.

Now, let me make really -- something really clear. Criticizing Islamism, is not Islamophobia. Pointing out the dangers of, oh. I don't know.

Political Islam. The ideology that seeks to use the tools of democracy, ultimately to destroy democracy, is not an attack on Muslims.

No. Uh-uh.

You know why?

Because Muslims are often the first people in line.

The first victims of the ideology.

So let's draw a bright, bright line between Islam as a faith, millions of people can practice that faithfully and peacefully.

It's mostly peaceful, okay?

Then there's the Islamism.

Islamism is something entirely -- that's a political project.

A theocratic political -- oh. Left loves theocracies. They love it.

Of course, you never see a problem with it.

See it when an Islamist is touting it. Anyway, it's not about prayer. It's not about fasting. It's not about spiritual life.

It's all about power. It's about merging of mosque and state. It's about implementing Sharia, not as a personal code of conduct. But as a governing legal system.

And it's -- it's supremacy.

Absolutely. Faith.

Religion.

It's -- there's one thing that's supreme.

It's misogynistic.

Deeply intolerant of all kinds of things.

Descent. Secularism. Other faiths. Even competing interpretations from inside the faith itself.

It will behead them too.

So let's -- let's be honest here for a second.

You know, CAIR should be labeled an international terror organization.

In my opinion. In my opinion.

Oh, does that make me -- that makes me an Islamophobe. I'm sure. I'm sure they will start a campaign against me on being an Islamophobe.

Stand in line, guys. You've been doing it since 2001, okay?

I don't really care. And I don't think the American people. I think that record, all the grooves are worn-out on that one, okay?

This is not a religion we're talking about. When we're talking about Sharia law. And we're talking about globalize the intifada. What does that mean, actually, to globalize it?

Does that mean we now want to do what is happening to Israel? All over the world?

Has the Palestinian plight become our plight you now, as Americans?

That there has to be an intifada here!

Because it's the kind of the same. You know. It's kind of the same over, you know, with what the Palestinians are going through.

Well, it's very much like what the Jews went through with the Nazis.

That's a weird one. That one makes my head hurt. It's very much the same as that. And very much the same as the fight against Donald Trump.

Oh, this is going to be fun. It's fun!

Really fun. You know, the irony here is, the ones that will scream Islamophobia the most, are the ones in the progressive left, the champions of feminism, LGBTQ rights. And secularism.

They're going to -- no. You want -- they're going to stand with the people, who want to kill them first.

See, this is how smart they are!

This is why it's going to work out well, in New York City.

Let me just say. If you have an ounce of common sense, you run a business, you have an ounce of wealth. And I don't mean wealth like, you know, hey, Lovey.

Let's get on the boat for a three-hour tour with a suitcase full of cash. I mean you saved anything, anything, get the hell out of New York City.

I mean, this is about survival. This is about free speech. This is about women's rights.
Religious pluralism. Secular legal systems. Liberal democracy.

But it's also about failed principles of Communism. Okay?

First, you have to call out political Islam for what it is. Okay?

And we have to do it with the clarity that we call out white nationalism.

Got to do it with that. Got to -- you know, the Klan. Really bad people.

Really bad people.

Anybody who is shouting for globalized intifada?

Pretty bad. Pretty bad people.

Okay?

Now, let's get to communism.

Because that's another cool, cool angle of the new Democratic candidate for -- for mayor of New York City.

That I just -- I think is cuddly and cute. Sure, it led to 100 million deaths. But this time, New York is going to be radically different. Oh, did I use the word radical?

I didn't mean to use that. What's radical about this guy?

Nothing. He's just like you!

Well, not exactly.

But let's talk about communism, next!

Now, the new mayoral candidate that's running there in New York City. That so many young people rushed to defend and vote for. He's promising free buses.

That's going to work out.

Where are you going to get the money for free buses.

It's free!

City-run grocery stores.

Oh, rent freezes. And finally somebody has done it. A 30-dollar minimum wage.

So under the banner of equity. And, you know, we will tax the wealthy. And the corporations. You know, we're going to squeeze another $10 billion out of them.

Really?

Because they're going to call a U-Haul.

You know, they will call something like U-Haul. There will be a lot of -- there will be a lot of movers that are like, how do I get the truck back from Texas or Florida back up to New York? Nobody is moving up there.

But he's going to do it.

Now, his vision isn't really new. You know, just -- just tax people, so we could have city-run grocery stores. You know, I remember -- I'm old enough to remember those city-run grocery stores in Moscow.

They were great.

The shelves were empty.

But that's just Moscow.

It worked out completely different in Venezuela.

Where, oh, no.

It didn't. That's right. The grocery store.

They were eating the zoo animals.

But it will be different in New York.

Because they have rent controls too.

And that will just choke the housing supply, but don't worry. As a young family.

You know, you voted for it.

You know better.

It will work this time.

So, you know, I like building ideas, I just don't like usually building on the graves of 100 million people.

But, you know, why not? Why not?

You know, use this dogma.

And this time, it will be different. It's not like it was in China. Where the great leap forward, was a gross -- a gross parody of progress. Venezuela, which was oil rich. One of the richest nations in the hemisphere now sees 90 percent of its population in poverty!

Yeah. Darn it. You know what they did?

They decided to take state control of things.

You know, like grocery stores. And it worked out well. How is that free busing working out in Venezuela?

I just want to -- I just want to know.

Anyway, then you've got the globalize the intifada. Which is going to drop a little violence in, and anti-Semitism in with your communism.

Which is weird!

Because violence and anti-Semitism, always happen. When it -- when it comes to -- when it comes to communism.

This is weird!

I've got to play something for you. Because this has talked about on me earlier this morning.

Oh, wow.

Wait a minute. This is -- this is the whole coalition coming together here.

So this is going to be good. New York, this is going to be great.

It's going to be great for you.

No. He's going to uplift you. Then the social fabric of New York City is just going to be -- just one.

It's going to be fantastic. Don't worry about your 120 billion dollars in debt. Or your 10 billion-dollar deficit that you have right now.

You are going to charge the rich more taxes, and they will stay right there.

They will be like, you know what, that 46 percent in taxes that I'm paying, this is just not enough. It's just not enough.

I need to pay 60 or 70 percent to be able to pay my fair share. So that's good. That's good. That's good.

You know, they're not risking 100 million people. It's just 8 million people.

This time, it's just 8 million people.

But, hey. For those of you in upstate New York. That aren't going to be part of this experiment.

Don't worry, you get to pay for it. Because they'll kick it up to the state. The state will have to subsidize everything. And don't you love it?

Really, don't you want to subsidize the really crazy ideas of New York City?

I mean, why don't you have a -- why don't you have a democratic socialist. A/k/a communist mayor.

Why haven't you done that? Are you not progressive enough? Are you not looking into the future?

Are you stuck in the past?

I don't know. I don't know. The graveyard is pretty big. I have a hard time getting past that one. You know, yeah, so I'm stuck in the past. Because I can't seem to pass that graveyard, and get to be down the path with you. But it's going to be a paradise.

Forget arithmetic. You know, or human nature. This time, it's going to work. It's going to work. So all right!

Wish I lived in this morning.

No wait. Nope. I don't. Nope, I don't.

And Ted Cruz, stop it. Stop writing, hey, come to Texas. No. No. Don't come to Texas. Don't come to Florida. Go to California. It's beautiful this time of year. Go there. Go there.