RADIOApril 19, 2024

Bitcoin Halving EXPLAINED: Will This One Be DIFFERENT?

The Bitcoin halving is here, but what is this event and will it be different from previous ones? Glenn and Stu explain what a Bitcoin halving is, what usually happens, and why some believe there won’t be a spike in Bitcoin value this time around. But are they right? Or is it still a good time to buy?

Transcript

Below is a rush transcript that may contain errors

GLENN: Hey, today is Bitcoin. What they call the havoc. Right?

STU: Happy havoc day, to those who celebrate. Yes. Ten hours away from now, it looks like.

GLENN: It sounds like something that would maybe happen, in -- what was that?

That film happened in Norway. It was like that summer festival.

It's like the halving, and they're all gathered in some beautiful place.

STU: Yes. What was that movie?

What was that? It was very -- it was one I wouldn't watch.

GLENN: It was creepy.

It could have been called the Halving.

Or, you know, When Magic Goes Bad. David Copperfield stars in the Halving. Now, I have to cut this woman in half. And he can't put her back. Maybe I don't --

STU: That would be a good plot. That's not what the halving is for Bitcoin though.

GLENN: Yeah.

STU: And you've seen the price go up. There's been various reasons for that over the past year.

The ETFs. Meaning a lot of money is flowing into Bitcoin for the first time, really. That is a big catalyst of it.

The other is the halving, which happens, what? Every four years.

You don't know exactly what will happen. As they get closer and closer, they can specify.

And it will be today, at some point. About ten hours from now.

GLENN: And what does it mean exactly?

STU: Basically, when Bitcoin started. You have to have miners with, who are going to mine the Bitcoin to kind of bring it into availability for everybody.

GLENN: And you knew this would involve minors.

STU: No, it's not like Jeffrey Epstein. Think of a coal miner, except digitally.

GLENN: Different kind of miner. Okay. All right. What are they wearing? Are they wearing pants?

STU: That's not important. That's not important. By the way, Bitcoin miners know they're not wearing pants. They're in their underwear in their mother's basement. At least that's how it started. It was people in their underwear in their mom's basement, basically. And they were mining tons and tons of Bitcoin.

Now, remember, Bitcoin, there will only ever be 21 million of them. They are sort of -- think of them being mined. They are slowly mined, this time, I think we've mined, 2140. I don't know. It's a long way. But the basic idea with the halving, is every four years the reward for the miners gets cut in half. So the reason that's important, is the supply shrinks.

So maybe, you go back years and years and years. There's tons and tons of Bitcoin going on. Getting mined every single day.

Now, that number gets cut in half.

It was like each block, which is about every ten minutes.

Each one of those, it was six Bitcoin. Were freed into the world.

Like released into the world.

Now it's like three. It shrinks every four years. 1.75. 1.5. Or 1.25. It's not exact numbers.

GLENN: Until it gets to zero and there's no more Bitcoin left.

STU: And that's at 21 million Bitcoin. So you are now at -- I think it's six to three, roughly, in this particular halving. And the other part about the halving that has been important to note, is every time, there has been one, over the next six months, there has been a massive increase in the prophesy Bitcoin. Now, will this happen this time? No one knows. Past performance is not indicative of future results, we all know the disclaimer.

GLENN: We really do know that disclaimer. You may not know that disclaimer, but we do.
STU: Yes. Very true.

GLENN: The views of Stu are not necessarily those of the host.

STU: This is not financial advice.

Past performance is not indicative of future results. We don't know. We have also had a very large rise over the past year. So some people theorized, it's already built in.

Right?

This time, the rise we've already had, is basically part of what the halving would bring. However, when you look at the charts over the past three or four or five halvings. We've had massive increases. All those times, where all of a sudden, everyone around you, was talking about Bitcoin. Almost all those periods happened between six months.

Three to nine months after a halving.

GLENN: After. Not before.

STU: Well, you've seen some rises before. Generally, speaking, the real pop has happened after.

GLENN: This has been a real pop. This brought us back to where it was.

STU: There's a reason to believe, there's more here. Again, the last one was in 2020. Do you remember the 2021 phenomenon?

Then you had a drop back down. We are now down back to where we were, 2021.

GLENN: Making a case that somebody should buy, just a fraction of Bitcoin.

STU: Okay.

GLENN: I mean, you know, when it first started, and everybody was on board. Everybody was buying Bitcoin.

Because it was like, I have three Bitcoin. You know.

STU: Yep.

GLENN: And now, most people cannot afford to buy -- no.

STU: Of course not. Let me put it this way.

Right now, you would say, Bitcoin, $60,000. Basically, it's only for a millionaire.

Someone who wants tons of money, who will throw into a Bitcoin.

You might say only millionaires can afford that.

You might say something like that. Think of it this way, there are 24.5 million millionaires just in the United States.

GLENN: 24.5 million millionaires.

STU: Yes. Right. Right now, there will never be enough Bitcoin for every millionaire in the United States to own one. That doesn't include millionaires around the world. There are already too many millionaires for just millionaires to get one of these things.

GLENN: How much of it do you think is lost? Permanently, forever, lost.

STU: Permanently. Like, for example, we know the Satoshi's account. Which, the guy who invented Bitcoin. We don't know who it is. Group of people. Or if he's dead. I think they're dead. That's my opinion. He has an account with 1 million of it, in it, that's never moved.

So we basically know, unless this guy reveals himself somehow in the future. Which is not likely, that a million of them are lost. We also know, early on, people were mining these things and getting thousands and tens of thousands of them. And just losing -- turning their computer off. And not thinking they were worth anything.

The estimates are that probably something like a third of them are lost forever. So instead of 21 million, maybe it's 14 million. Maybe it's 15 million.

Somewhere in that vicinity. Now that they're valuable, people are not losing them, of course. At least as often. It's still happening every day.

People screw it up. They lose it.

They send it to the wrong account. That stuff still happens. But you're probably talking about, let's say 15 million, that actually will exist.

You have 24.5 millionaires in the United States. In the world, you have about 60 million millionaires. So if you split up all the Bitcoin in the world, just among millionaires, they can only get a quarter of one each.

Now, if you can put some in there. The idea that these things will go down in value.

Over the very long-term. To me, is unlikely.

And part of that is, at the beginning of this, nobody knew. Right?

Like when I first invested in Bitcoin. And I don't have a lot of money in Bitcoin. But when I first started in Bitcoin. My thought was, I'm going to throw some money in this, let's see what happens.

I have absolutely no idea.

My thought was, there's a good chance. I said this to you, at the time. There's a good chance it goes to zero. It was a total gamble. I had no idea.

I liked the concept of money that can't be inflated and printed. Right?

I like that concept. That's why I was interested in it.

But, I mean, how many multi-trillion dollar industries can you remember going to zero?

I mean, is there any example of this?

GLENN: White star line. This has I don't think they were worth trillions. Right?

Enron was a big company, right?

Don't remember it being worth trillions. Bitcoin's market cap is over a trillion dollars.

GLENN: No. I can't see it going to zero. Unless all the central banks in the world say, not --

STU: It's so resistant to that right now. Though.

GLENN: I know.

STU: We're seeing countries open up. And start accepting it. You know, the United States of America, has now accepted Bitcoin ETFs. That's a huge embrace of this technology.

And look, I don't know. I can't tell you, it won't go down in the future. I would be surprised if it never goes down below these levels again. It probably will.

So you might buy today. And at some point, be down.

A lot of people bought in 2021. And thought, oh, my gosh, I've lost all my money.

Except, now pretty much every person who has ever bought Bitcoin in its history, if they held on to it, is either about even or up.

GLENN: Everybody. Even the people who bought at the very peak.

STU: Everybody. Yeah, unless you bought like a couple of months ago, when it hit 69-70 for a couple of days. There's a few people.

But generally speaking, almost no one who has ever purchased this and kept it, has lost money.

And that's that's quite a statement. Again, what other investments can you point to, that has that type of record?

There's almost none. So I don't know. You don't know what the future holds, but man, this is a technology that has proved itself incredibly resilient.

GLENN: I get really pissed at you, every time we talk about this. Every time.

STU: You get pissed at me.

Why are you pissed at me?

GLENN: Yes, I do. I blame you for bad decisions. Blame you.

STU: Why?

GLENN: I was with Marc Andreessen.

STU: Yes.

GLENN: It might have even been a fraction of a cent.

STU: It was before -- well before I bought it. That's for sure.

Because I remember the conversation.

GLENN: Yeah. Yeah. Yeah. Yeah.

And he's going to start some new thing with this new currency.

STU: Yeah. I remember you telling me this, at the time. I fortunately, did not listen.

GLENN: Yeah. Neither did I. Neither did I.

And we could have put hundred dollars in it, at this point.

STU: Oh, my gosh.

$100. Do you know how much that would be worth?

GLENN: It was a fraction of a cent. Wasn't it?

STU: I don't remember if it was that low, but it was really early.

GLENN: It was right as he started the digital wallet.

Coinbase. It was right as he started it.

STU: Gosh. This makes me physically ill.

GLENN: I think he actually told me that before he started it.

Or he may have --

STU: In the middle of making money or whatever.

GLENN: Yeah. He said, do you know anything about Bitcoin. You should invest.

Just take $5,000. And just throw it in this. And I'm like, uh-huh.

And I -- at the time, $5,000 was -- you know.

STU: You would probably be a billionaire.

GLENN: I would be.

STU: I can't imagine how many you would have -- I love this story.

GLENN: Well, look it up. Look it up.

Look up when they opened Coinbase.

And what the price of Bitcoin was. $5,000.

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Ten-second station ID.
(music)

GLENN: So go ahead.

STU: What?

GLENN: Why he didn't you invest in it? You're always -- you're that kind of guy. You know, I just threw some money in it. Why didn't you --

STU: I mean, I think I did. I just didn't do it as early as that.

Again, I wish I had invested more. Then I wouldn't have to be sitting here with you every day. It would be a dream.

GLENN: If I had a time machine, that's the only thing I would change. And for that reason. I would go back in time.

STU: You would make me -- you actually wouldn't mind making me a billionaire, just so I wouldn't have to be here every day?

GLENN: Yeah. Yeah. That's the kind of guy I am.

STU: How about this, I'll it do for 10 mil right now. Get some financing.

So it depends. It's hard to know exactly when you talk to him. The Coinbase started in 2012. Coinbase is a little later, when you're talking a fraction of a cent, so it was about ten bucks in 2020 -- when it actually started selling Bitcoin. When Coinbase began that process, it was about ten bucks.

If you spent $5,000 then, you would have had about 500 Bitcoin, which would be worth $32.5 million. Which would be incredibly nice. However, my remembrance of this story was, it was before -- before that. When it was sort of being dreamt up.

So it could have been.

GLENN: It was one of the first times I've ever heard of Bitcoin. And I think I came back to you. And I said, what is Bitcoin?

And you were like, well, people buy pizzas with it.

STU: This is ridiculous history.

GLENN: That's exactly what he said.
STU: I don't think I knew much of anything. I had heard of it. But I didn't know anything about it at that time -- I definitely was not discouraging you in investing $5,000. That's exactly how you remember it.

GLENN: That's exactly how I remember it, Your Honor.

STU: And one fascinating thing I think that really hasn't fully taken -- taken root yet when it comes to the Bitcoin phenomenon.

GLENN: By the way, hang on just a second. I just have to say something. I said at the time. I said that, on the air too.

STU: Oh, really?

We should go back and find it.

We can probably find it.

GLENN: Marc Andreessen. He's at Bitcoin.

Blah, blah, blah. But Warren Buffett. He says, if you don't understand it, you shouldn't invest in it.

STU: Where did you find that?

GLENN: I wonder if anybody. If anybody did it.

What our earliest time was, when we said. Hey, maybe you should throw some money into it.

I don't know if I will do it. If anybody in the audience. Of course, there was somebody that was in the audience.

They're not now.

STU: Showing, they're billionaires.

GLENN: On a yacht someplace.

STU: I think that's one of the things that's most interesting in a societal sense.

That we had a lot of people. Because the early people into Bitcoin. Not like the people necessarily today.

But the early people into Bitcoin. Were people who generally speaking, were ideologically let's say Libertarian.

Or somewhat close to that.

GLENN: Yes. Correct.

STU: And there are now massive amounts of people, who became insanely wealthy over this process. And continue probably to get even wealthier.

And those people who would have probably been marginalized in society, at some level.

Maybe they would of been successful. But would never have that sort of power.

GLENN: No. They're the losers. Loaners. And creeps.

STU: And we've seen.

I mean, Libertarians, will describe themselves this way.

So we've seen now, that many of these people have made an impact. Right?

We've seen a lot of them. Marc Andreessen. Not necessarily, an ideological Libertarian. A lot of these people have risen.

Two of the richest people in the world. Are the Winklevoss twins. The people who had Facebook stolen from them.

GLENN: I think they're fictional characters.

STU: They may be. They were in a movie once. So I don't know.

GLENN: Sure. Anybody can play them. But I think anybody with Winklevoss as their name. And they're twins. I think it's too magical to be real.

STU: It's hard to believe.

GLENN: It is. It is.

Oh, let's call on the Winklevoss twins.

STU: For everything --

GLENN: Show up. Say their names three times.

Hi, we're here to grant any wish, with our magical Bitcoin.

STU: Right. Consider that they basically had Facebook -- in my opinion, Facebook stolen from them. They wound up getting thrown out.

Got some money for it. Were not insanely wealthy.

Wound up not with one, but two giant revolutions of the world.

They were at the founding of almost -- they invested a fortune in Bitcoin, right after that.

And now were multi-billionaires because of it. It's a weird people that wouldn't have normally been at the top of our society. Are now there. And hopefully, they've kept some of these small government routes, through that process.

And maybe they can Friday the country, in a way --

GLENN: No. No. Because when you get that wealthy. What you do, you know, I can get somebody on the phone.

I can make this happen. I don't want a stop sign here.

And I think we should also kill the poor. I will get both of those done. I will call my council member. And, you know, my master at the WEF.

You know what you know I mean?

You start protecting it, and then that all goes to hell.

STU: Maybe. Who knows?

GLENN: We should do what Star Trek did, and abolish all money. Learn how to live in harmony.

STU: That worked out well for them. They were poor in episode.

What are you talking about?

GLENN: How did they pay for those starships? How ridiculous was that?

EXPOSED: Tim Walz's shocking ties to radical Muslim cleric

Minnesota Governor Tim Walz is directly connected in more ways than one to a radical Muslim cleric named Asad Zaman. Zaman's history and ties are despicable, and despite Walz's efforts to dismiss his connection to Zaman, the proof is undeniable. Glenn Beck heads to the chalkboard to connect the dots on this relationship.

Watch the FULL Episode HERE: Glenn Beck Exposes TERRORIST SYMPATHIZERS Infiltrating the Democrat Party

Is there a sinister GOP plan to SELL national parks?

Is Sen. Mike Lee pushing a sinister plan to sell our national parks and build “affordable housing” on them? Glenn Beck fact checks this claim and explains why Sen. Lee’s plan to sell 3 million acres of federal land is actually pro-freedom.

Transcript

Below is a rush transcript that may contain errors

GLENN: Now, let me give you a couple of things, from people I generally respect.

Chris Rufo, I really respect.

I'm totally against selling this land.

Nobody is going to build affordable housing deep in the Olympic Peninsula, which is one of the most beautiful places in the country.

I agree, it's in Washington State. It's on the coast. And it's a rain forest.

I want my kids hiking, fishing, and camping on those lands, not selling them off for some tax credit scam. This is a question I want to ask Mike Lee about.

That's really good. Matt Walsh chimes in, I'm very opposed to the plan. The biggest environmentalist in the country are and always have been, conservatives who like to hunt and fish.

We don't just call ourselves environmentalists, because the label has too much baggage.

And the practice always just means communist. Really, we are naturalists in the tradition of Teddy Roosevelt, and that's why most of us hate the idea of selling off federal lands to build affordable housing or whatever. I want to get to affordable housing here in a second.

Preserving nature is important. It's a shame we haven't -- that we've allowed conservation to become so left-wing coated. It never was historically.

No, and it still isn't.

You're right about one thing, Matt. We are the best conservatives. We actually live in these places. We use these places. We respect the animals. We respect the land. We know how the circle of life works. So I agree with you on that.

But affordable housing. Why do you say affordable housing or whatever?

Are you afraid those will be black people? I'm just playing devil's advocate? Are you just afraid of black people? You don't want any poor people in your neighborhood or your forest?

That's not what they mean by affordable housing.

And I know that's not what you mean either.

But what -- what we mean by affordable housing is, if you take a look at the percentage of land that is owned in some of these states. You can't live in a house, in some of these states, you know. Close to anything, for, you know, less than a million dollars. Because there's no land!

There's plenty of land all around.

Some of it. Let's just talk about Utah.

Some of it is like the surface of the moon!

But no. No. No.

Not going to hunt and fish on the surface of the moon. But we can't have you live anywhere.

I mean, you have to open up -- there is a balance between people and the planet. And I'm sorry. But when you're talked about one half of 1 percent, and we're not talking about Yellowstone.

You know, we're not. Benji Backer, the Daily Caller, he says, the United States is attempting to sell off three million acres of public land, that will be used for housing development through the addition of the spending bill.

This is a small provision to the big, beautiful bill that would put land in Alaska, Arizona, California, Colorado. Idaho. New Mexico. Oregon. Utah. Washington, and Wyoming at risk.

Without so much as a full and fair debate by members of both sides of the political aisle.

You know, I talked -- I'll talk to him about this.

The irony is, the edition of this provision by Republican-led Senate goes entirely against conservation legacy of a conservation. President Trump made a promise to revive this legacy.

Yada. Yada. Yada.

More about Teddy Roosevelt.

Then let me give you this one from Lomez. Is Mike Lee part of a sinister plan to sell off federal land?

This plan to sell off public lands is a terrible proposal that doesn't make any sense under our present circumstances and would be a colossal political blunder. But I'll try to be fair to base Mike Lee.

And at least have him explain where this is all coming from.

Okay. I will have him do that in about 30 minutes.

Let me give you just my perspective on this.

I'm from the West. I love the west.

I don't hike myself.

I think there's about 80 percent of the people who say, I just love to hike. And they don't love to hike. They never go outside.

I'm at least willing to admit. I don't like to hike. But I love the land. I live in a canyon now. That I would love to just preserve this whole canyon in my lifetime. I'm not going to rule from the grave. But in my lifetime, to protect this, so it remains unspoiled. Because it is beautiful!

But we're talking about selling 3 million acres of federal land. And it's becoming dangerous.

And it's a giveaway. Or a threat to nature.

But can we just look at the perspective here?

The federal government owned 640 million acres. That is nearly 28 percent of all land in America!

How much land do we have?

Well, that's about the size of France.

And Germany. Poland.

And the United Kingdom, combined!

They own and hold pristine land, that is more than the size of those countries combined!

And most of that is west of the Mississippi. Where the federal control smothers the states.

Okay?

Shuts down opportunity. Turns local citizens into tenets of the federal estate.

You can't afford any house because you don't have any land!

And, you know, the states can't afford to take care of this land. You know why the states can't afford it?

Because you can't charge taxes on 70 percent of your land!

Anyway, on, meanwhile, the folks east of the Mississippi, like Kentucky, Georgia. Pennsylvania.

You don't even realize, you know, how little of the land, you actually control.

Or how easy it is for the same policies, to come for you.

And those policies are real.

Look, I'm not talking about -- I'm disturbed by Chris Rufo saying, that it is the Olympic forest.

I mean, you're not going to live in the rain forest. I would like to hear the case on that.

But we're not talking about selling Yellowstone or paving over Yosemite or anything like that.

We're talking about less than one half of one percent of federal land. Land that is remote.
Hard to access. Or mismanaged. I live in the middle of a national forest.

So I'm surrounded on all sides by a national forest, and then BLM land around that. And then me. You know who the worst neighbor I have is?

The federal government.

The BLM land is so badly mismanaged. They don't care what's happening.

Yeah. I'm going to call my neighbor, in Washington, DC, to have them fix something.

It's not going to happen.

If something is wrong with that land, me and my neighbors, we end up, you know, fixing the land.

We end up doing it. Because the federal government sucks at it.

Okay.

So here's one -- less than one half of 1 percent.

Why is it hard to access that land?

Well, let me give you a story. Yellowstone.

Do you know that the American bison, we call it the buffalo.

But it's the American bison.

There are no true American bison, in any place, other than Yellowstone.

Did you know that?

Here's almost an endangered species.

It's the only true American bison, is in Yellowstone.

Ranchers, I would love to raise real American bison.

And I would protect them.

I would love to have them roaming on my land.

But you can't!

You can't.

Real bison, you can't.

Why? Because the federal government won't allow any of them to be bred.

In fact, when Yellowstone has too many bison on their land, you know what the federal government does?

Kills them. And buries them with a bulldozer. Instead of saying, hey. We have too many.

We will thin the herd.

We will put them on a truck. Here's some ranchers that will help repopulate the United States with bison. No, no, no. You can't do that.

Why? It's the federal government. Stop asking questions. Do you know what they've done to our bald eagles.

I have pictures of piles of bald eagles.

That they'll never show you.

They'll never show you.

You can't have a bald eagle feather!

It's against the law, to have a feather, from a bald eagle!

If it's flying, and a feather falls off, you can't pick it up. Because they're that sacred.

But I have pictures of piles of bald eagles, dead, from the windmills.

And nobody says a thing.

Okay.

But we're talking about lands.

States can't afford to manage it.

Okay. But how can the federal government?

Now, this is really important.

The federal government is, what? $30 trillion in debt or are we 45 trillion now, I'm not sure?

Our entitlement programs, all straight infrastructure, crumbling.

And yet, we're still clinging to millions of acres of land, that the federal government can't maintain. Yeah, they can.

Because they can always print money.

We can't print money in the state, so we can't afford it.

Hear me out. The BLM Forest Service, Park Service, billions of dollars behind in maintenance, roads, trails, fire brakes.

Everything is falling apart..

So what's the real plan here?

Well, the Biden administration was the first one that was really open about it, pushing for what was called 30 by 30.

They want 30 percent of all US land and water, under conservation by 2030.

But the real goal is 5050.

50 percent of the land, and the water, in the government's control by 2050.

Half of the country locked up under federal or elite approved protection.

Now, you think that's not going to affect your ability to hunt, fish, graze, cattle. Harvest, timber, just live free. You won't be able to go on those. It won't be conservatives, who stop you from hunting and fishing.

It will be the same radical environmental ideologues, who see the land, as sacred, over people!

I mean, unless it's in your backyard. Your truck. Or your dear stand, you know, then I guess you can't touch that land.

Here's something that no one is talking about, and it goes to the 2030.

The Treasury right now, and they started under Obama, and they're still doing it now.

Sorry, under Biden.

And they're doing it now. The Treasury is talking about putting federal land on the national ballot sheet. What does that mean?

Well, it will make our balance sheet so much better.

Because it looks like we have so much more wealth, and we will be able to print more money.

Uh-huh. What happens, you know. You put something sacred like that, on your balance sheet, and the piggy bank runs dry.

And all of the banks are like, okay.

Well, you can't pay anymore.

What happens in a default?

What happens, if there's catastrophic failure. You don't get to go fish on that land. Because that land becomes Chinese.

You think our creditors, foreign and domestic, won't come knocking?

What happens when federal land is no longer a national treasure, but a financial asset, that can be seized or sold or controlled by giant banks or foreign countries.

That land that you thought, you would always have access to, for your kids, for your hunting lodge, for your way of life.

That is really important!

But it might not be yours at all. Because you had full faith in the credit of the United States of America.

So what is the alternative?

Dershowitz SLAMS ‘expert’ lies in explosive trans surgery debate

The Supreme Court ruled 6-3 in favor a Tennessee law that bans transgender surgeries for minors. But famed attorney Alan Dershowitz explains to Glenn why “it should have been unanimous.”

Transcript

Below is a rush transcript that may contain errors

GLENN: Alan Dershowitz, how are you?

ALAN: I'm doing great, how about you?

GLENN: It has been a really confusing week. I'm losing friends, I think, because I stand with Israel's right to defend themselves. And I'm pointing out, that while I don't want a war, Iran is a really bad place.

And then I see, the Supreme Court comes out best interest there are three justices are like, I don't know. I think children, you know, can change their identity before we even let them drive or carry a gun. Or enlist in the military.

It's insane!

ALAN: It is insane. Especially since the radical left said that -- 17 and a half-year-old -- voluntary sex with their boyfriend. That would be sexist, that would be horrible.

But they can consent to have an abortion. They can consent to have radical surgery, that can't be reversed.

By the way, the decision is like six to two and a half. Elena Kagan, my former colleague at Harvard, didn't reach the merits of whether or not a state could actually ban these operations on a minor. She got involved in whether or not you need super, duper scrutiny, or just super scrutiny, a kind of, you know, a very technical thing.

But she didn't rule on whether under any kind of scrutiny, the state could do that. So definitely, two of them said that the state could do it, but not necessarily a third one.

GLENN: Okay.

Can you break this argument down? And why it should have been unanimous?

ALAN: Oh, it should be unanimous. There's no question.

States under the Constitution, have the authority to decide medical issues. States decide a whole range of medical issues. I remember when I was a young professor, there was an issue of whether or not one twin could be operated on to remove a kidney, to be given to another twin.

And, you know, that case went all the way through -- the federal government never got involved in that. That was up to the state of Massachusetts. They made interesting decisions.

Some states go the other way.

Half the countries of Europe go one way. The other half go the other way. And just as Justice Brandeis once said that things are the laboratories of Constitutional experimentation.

They have the right to do things their own way. And then we'll see over time. Over time, I predict that we will find that this kind of surgery, is not acceptable scientifically for young people.

And the New York Times had an absurd op-ed yesterday. By the mother of a transgender person.

And it never mentioned. It originally said that the person was now 18 years old.

And the decision does not apply to anyone who is 18.

You know, just wait. Don't make irreversible decisions while you're 12 years old. Or 13 years old.

Because we know the statistics show, that some people, at least, regret having made these irreversible decisions, particularly. Yeah.

GLENN: So why is it -- why is it that the state. Why wasn't the argument, you can't do this to children?

ALAN: Well, you know, that's the question.

Whether or not if the state says, you can do it to children, that violates the Constitution. I think states are given an enormous amount of leeway, this. Deciding what's best for people.

You leave it to the public.

And, you know, for me, if I were, you know, voting. I would not vote to allow a 17-year-old to make that irreversible decision. But if the state wants to do it. If a country in Europe wants to do it. All right!

But the idea that there's a constitutional right for a minor, who can't -- isn't old enough to consent to a contract, to have sex, is old enough to consent to do something that will change their life forever, and they will come to regret, is -- is absurd.

GLENN: So I don't know how you feel about Justice Thomas. But he -- he took on the so-called experts.

And -- and really kind of took him to the woodshed. What were your thoughts on that?

ALAN: Well, I agree with that. I devoted my whole life to challenging experts. That's what I do in court.

I challenge experts all the time. But most of the major cases that I've won, have been cases where experts went one way, and we were -- persuaded a jury or judge. That the expert is not really an expert.

Experts have become partisans, just like everybody else.

And so I'm glad that expert piece is being challenged by judges.

And, you know, experts ought to challenge judges, judges challenge experts. That's the world we live in. Everybody challenges everybody else. As long as all of us are allowed to speak, allowed to have our point of view expressed, allowed to vote, that's democracy.

Democracy does not require a singular answer to complex medical, psychological, moral problems. We can have multiple answers.

We're not a dictatorship. We're not in North Korea or Iran, where the ayatollah or the leader tells us what to think. We can think for ourselves, and we can act for ourselves.

GLENN: Yeah. It's really interesting because this is my argument with Obamacare.

I was dead set against Obamacare. But I wasn't against Romneycare when it was in Massachusetts. If that's what Massachusetts wants to do, Massachusetts can do it. Try it.

And honestly, if it would work in a state, we would all adopt it.

But the problem is, that some of these things, like Romneycare, doesn't work. And so they want to -- they want to rope the federal government into it. Because the federal government can just print money. You know, any state wants to do anything.

For instance, I have a real hard time with California right now.

Because I have a feeling, when they fail, we will be roped into paying for the things that we all knew were bad ideas.

Why? Why should I pay for it in Texas, when I know it wouldn't work?

And I've always wanted to live in California, but I don't, because I know that's not going to work.

ALAN: Yeah. But conservatives sometimes take the opposite point of view.

Take guns, for example.

The same Justice Thomas says that I state cannot have the authority to decide that guns should not be available in time square.

Or in schools. There has to be a national openness to guns. Because of the second apple.

And -- you can argue reasonably, what the Second Amendment means.

But, you know, conservatives -- many conservatives take the view that it has to be a single standard for the United States.

It can't vary in their decision how to control -- I'm your favorite --

GLENN: Isn't that -- doesn't that -- doesn't that just take what the -- what the Bill of Rights is about, and turns it upside the head?

I mean, it says, anything not mentioned here, the states have the rights.

But they -- they cannot. The federal government cannot get involved in any of these things.

And these are rights that are enshrined.

So, I mean, because you could say that, but, I mean, when it comes to health care, that's not in the Constitution. Not in the Bill of Rights.

ALAN: Oh, no.

There's a big difference, of course.

The Second Amendment does provide for the right to bear arms.

The question is whether it's interpreted in light of the beginning of the Second Amendment. Which says, essentially, a well-regulated, well-regulated militia. Whether that applies to private ownership as well.

Whether it could be well-regulated by states.

Look, these are interesting debates.

And the Supreme Court, you know, decides these.

But all I'm saying is that many of these decisions are in some way, influenced by ideology.

The words of the Constitution, don't speak like, you know, the Ten Commandments and God, giving orders from on high.

They're often written in ambiguous terms. Even the Ten Commandments. You know, it says, thou shall not murder. And it's been interpreted by some to say, thou shall not still, the Hebrew word is (foreign language), for murder, not kill. And, of course, we know that in parts of the Bible, you are allowed to kill your enemies, if they come after you to kill you, rise up and kill them first.

So, you know, everything -- human beings are incapable of writing with absolute clarity, about complex issues.

That's why we need institutions to interpret them. The institutions should be fair.

And the Supreme Court is sometimes taking over too much authority, too much power.

I have an article today, with gay stone.

Can had starts with a quote from the book of Ruth.

And it says, when judges rule the land, there was famine.

And I say, judges were not supposed to ever rule, going back to Biblical times.

Judges are supposed to judge.

People who are elected or pointed appropriately. Are the ones supposed to rule.

GLENN: Quickly. Two other topics. And I know you have to go.

If I can get a couple of quick takes on you.

The Democrats that are being handcuffed, and throwing themselves into situations.

Do you find that to be a sign of a fascistic state or a publicity stunt?

ALAN: A publicity stunt. And they would knit it. You know, give them a drink at 11 o'clock in the bar. They will tell you, they are doing this deliberately to get attention.

Of course, a guy who is running behind in the mayor race in New York, goes and gets himself arrested. And now he's on every New York television station. And probably will move himself up in the polls.

So no.

Insular -- I don't believe in that. And I don't believe we should take it -- take it seriously.

GLENN: Last question.

I am proudly for Israel.

But I'm also for America. And I'm really tired of foreign wars.

And I think you can be pro-Israel and pro-America at the same time.

I don't think you can -- you don't have to say, I'm for Israel, defending themselves, and then that makes me a warmonger.

I am also very concerned about Iran. And have been for a very long time.

Because they're Twelvers. They're Shia Twelvers. That want to wash the world in blood. To hasten the return of the promised one.

So when they have a nuclear weapon. It's a whole different story.

ALAN: No, I agree with you, Tucker Carlson, is absolutely wrong, when he say he has to choose between America first or supporting Israel. Supporting Israel in this fight against Iran, is being America first.

It's supporting America. Israel has been doing all the hard work. It's been the one who lost its civilians and fortunately, none of its pilots yet.

But America and Israel work together in the interest of both countries.

So I'm -- I'm a big supporter of the United States, the patriarch. And I'm a big supporter of Israel at the same time.

Because they work together in tandem, to bring about Western -- Western values.

GLENN: Should we drop a bomb?

ALAN: Yes, we should.

GLENN: Our plane drop the bomb?

ALAN: Yes, we should. And without killing civilians. It can be done. Probably needs four bombs, not one bomb. First, one bomb to open up the mountain. Then another bomb to destroy what's going on inside.

And in my book The Preventive State, I make the case for when preventive war is acceptable. And the war against Iran is as acceptable as it would have been to attack Nazi Germany in the 1930s. If we had done that, if Britain and France had attacked Nazi Germany in the 1930s, instead of allowing it to be built up, it could have saved 60 million lives. And so sometimes, you have to take preventive actions to save lives.

GLENN: What is the preventive state out, Alan?

ALAN: Just now. Just now.

Very well on Amazon.

New York Times refuses to review it. Because I defended Donald Trump.

And Harvard club cancelled my appearance talked about the book. Because I haven't been defending Harvard. I've been defending President Trump's attack. By the way, they called Trump to Harvard: Go fund yourself.
(laughter)

GLENN: Okay.

Let's -- I would love to have you back on next week. To talk about the preventive state. If you will. Thank you, Alan. I appreciate it. Alan Dershowitz. Harvard Law school, professor emeritus, host of the Dershow. And the author of the new book that's out now, The Preventive State.

I think that's a really important topic. Because we are -- we are traveling down the roads, where fascism, on both sides, where fascism can start to creep in. And it's all for your own good.

It's all for your own protection. Be aware. Be aware.

THE GLENN BECK PODCAST

They want to control what you eat! — Cattle rancher's stark warning

American cattle rancher Shad Sullivan tells Glenn Beck that there is a "War on Beef" being waged by the globalist elites and that Americans need to be prepared for this to be an ongoing battle. How secure is America's food supply chain, and what does the country need to do to ensure food shortages never occur in the future?

Watch Glenn's FULL Interview with Shad Sullivan HERE