Congress must STOP THE SPENDING before it's too late
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Congress must STOP THE SPENDING before it's too late

JPMorgan Chase CEO Jamie Dimon warned at the Barclays Global Financial Services Conference that the U.S. is "spending money like drunken sailors around the world and that an economic "soft landing" is probably not coming. Glenn reviews the real state of the economy and insists that Congress must stop the spending before it's too late. He also argues that every presidential candidate needs to be asked what they would do to curb inflation. Is any candidate willing to dramatically downsize the government? Glenn and Stu discuss.

Transcript

Below is a rush transcript that may contain errors

GLENN: Jamie Dimon.

He has -- he has been warning about the risks to the economy.

He just was speaking at the Barclays global financial services contract. Conference in New York.

All of the best people are there. It's -- it's unbelievable. We went to New York. And there's these places called delis. And they have all kinds of sandwiches.that regular people eat. Oh, I felt like I was a regular person. Anyway, at the global financial services conference, Jamie Dimon said, you know, I've been saying that there's some headwinds coming. Kind of like a tornado is coming. Including, geopolitical tensions. Government spending. Monetary policy tightening by the central banks. And our government has been spending money like drunken sailors around the world. And that -- drunken sailors. You need to -- you know, I -- I -- I just want to say. This government, people claiming that they spend like I spend.

I don't spend like that. That's an insult.

To say the consumer is strong today means you will have a booming environment in the days ahead, a huge mistake.

He said, all this talk of a soft landing, is probably not coming.

You think?

And, you know, so there you have it, from an expert. In you let a boob tell you.

We're in a good part.

Okay. All right.

If we are -- speaking of Corn Pop. If we were popcorn, not the same as one bad dude, corn pop. Same letters. Just -- just -- okay?

If we were popcorn, the economy was popcorn.

It is still in the cupboard, waiting for you to go get it, and put it in the microwave.

That's how far along the line we are in this tough financial system we're in. Maybe it's been taken out. And you're like, I have to open up this plastic bag. It may be there.

STU: Yeah. And they're telling you, hey. Don't you want to eat some popcorn?

And you say yes. Because you like popcorn. Then they give you the colonels, and expect you to chew them.

You know, without them ever popping. This is a -- you're ruining your teeth with this particular.

GLENN: He said, everything that is being done right now, we will not see the full effects of for 12 to 18 months from now. So all of the spending that's going on, and, by the way, next hour. I am going to go into what we're doing in Ukraine. It is, to me, it is the clearest case of corruption. Of why the impeachment matters. What was that really all about? The lies of, we've got to fight Russia now. Otherwise, we will fight them later.

I'm reading this book on the -- on Kennedy.

And his problems with the generals, and all the neocons.

And one of the main generals, that was in charge of, I think it was a strategic air command. SAC.

You know, he's revered in the military. He actually wrote and said, in the 1960s, like 1961, it's inevitable, that we will have a nuclear war with Russia.

We should do it now.

And he actually -- they found out later, he was actually doing things, without the president's knowledge or anybody else, to provoke the Soviet Union, so they would start to gear up. And we would have the excuse of a first strike.

But his words were, it's inevitable, we will have to fight a war with them. We should fight it now, otherwise we'll be fighting a worse one later.

The same thing!

And as I'm reading that, I'm thinking, this is insanity. Whoops. We're doing the same thing right now.

STU: Similar thing happened in Spies Like Us, with Dan Aykroyd and Tim Chase. Almost the same. Same risk. And I think we need to take it seriously.

We've been warned for decades. And no one is taking this seriously.

GLENN: DeSantis said, yesterday.

If this is what -- he was asked on the CBS Evening News.

Which apparently is still on.

He said, he was asked, what would you do for inflation?

He said, I love this. Stop spending so much money!

Yeah. That's his first -- stop spending so much money.

And then open up domestic energy production. Those two things alone. But I honestly.

STU: Just those two.

GLENN: Not enough. But a lot.

Every candidate needs to be asked this. I have not heard Donald Trump give a real answer to the question of, tell me about inflation. What causes it?

And how would you stop it? What would you do it turn the economy around?

And, you know. We know.

Well, we will do what we did before. No, no, no. You can't now.

Because we have $8 trillion, is what you added to the debt.

We're there in spades now, just in -- you know, by the end of this one, it will probably be 10 trillion.

STU: He didn't discuss this with Megyn Kelly yesterday?

GLENN: I didn't see the Megyn Kelly interview either.

STU: I know Megyn does a great job with this stuff.

She's very good at doing this. I'm very interested to watch it. But I wonder if it was addressed at all there.

GLENN: I wonder. Because I want a real answer from him that. Want a I real answer.

The next president is coming in, if we don't -- you know, hopefully, we have least corn pop.

But the -- if there is a change, and there will be one way or another. Because he ain't making it longer.

What is the plan for inflation?

Because this is not good. And the only plan, that should be considered right now, is one, stop the spending.

Stop it. You -- you are being robbed.

They're now saying, their target is 3 percent inflation.

Why would we put up with that. The fed targeted 3 percent inflation.

I lived with that my whole life. Why? Why should there be inflation.

Why are you inflating the money 2 percent every year?

If you do three percent, in 10 years, I've lost almost 40 cents of every dollar. No. No.

Well, wages are -- are rising. At the same pace of inflation?

I don't think so. That's why everybody is short. And this is going -- you're going to learn about hyperinflation, the worst possible way. One of these days soon. Vivek -- Vivek said, I don't know why I say Vivek. Like cake. I know.

Vivek has said that he is going to cut 75 percent of the federal workforce. Fifty percent of those cuts will be made in his first year.

STU: I mean, he knows what to say.

GLENN: You had me at hello.

STU: Yeah. It's very Coolidge-esque.

GLENN: But Coolidge did it.

STU: I know. He cut 50 percent of the federal budget. What was it? One year?

GLENN: One year. Then the next year, he did another 50 percent. I mean, that's crazy.

STU: Again, very similar to what Vivek is talking about. Would he actually be able to do that?

GLENN: I don't know.

STU: That's the thing with Vivek's campaign. A lot of people are saying, he's promising too much. He's throwing this stuff out here. But he is being bold.

GLENN: This is what has to be done. We're at the time where we all knew this was coming. JFK talked about it.

FDR talked about it when he first passed Social Security, and said, these things must be paid for along the way. Otherwise, it will get out of control, and we'll never be able to pay it. It could be the ruin of our country. JFK said that. Ronald Reagan said it. We're there now. All of these entitlements, because we didn't actually have the money, we put it on to a debt sheet. And just our interest is going to kill us. It's going to kill us.

You've got to make massive cuts, right now.

And, by the way, you want to stop the Deep State? Cut 75 percent out.

Now, here's the one thing that I have said for a long time. And I will leave it at this. My free gift for Vivek and anybody who wants to use it. I really care about the real estate market. I really care. We will make some moves, that put the free market back in place.

And so your real estate. I -- I am going to make sure, that everything I can, to make sure it's a free market. So everybody can afford it.

Except in the Washington, DC, area. Your real estate is going to plummet, the day I'm elected. You might want to consider selling it now. Because there's going to be plenty of housing available, in the Washington, DC, area. Because I am going to fire 75 percent. Everybody else, don't worry about it. You live in the area. Around the Capitol, prepare for a -- a hemorrhaging on the price of your home.

Are You BETTER or WORSE Off Than You Were 5 Years Ago?
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Are You BETTER or WORSE Off Than You Were 5 Years Ago?

5 years ago in 2019, Donald Trump was president, the economy was booming, and the threat of World War 3 was much lower. Jump ahead to 2024 and inflation is rising at an insane pace, two wars are shaking the world, China is on the rise, our children's schools are no longer safe, and President Biden is still trying to convince you that you're better off. So, Glenn asks, are you? Is ANYTHING better off than it was 5 years ago? Maybe it's time to make a change ...

Transcript

Below is a rush transcript that may contain errors

GLENN: Are you better off than you were, five years ago?

Is our country better than it was five years ago? Are we -- we more stable than we were, five years ago, ten years ago, 12 years ago?

Is the world closer to world peace, or closer to world war? Than it was five years ago.

Are we closer to a nuclear war, today, than we were five years ago?

You have to remember, this nuclear war thing, it was just a couple of years ago, they started kicking this around. And we all went, wait. I thought this was over.

Don't get used to that. That is not normal anymore.

Are we more respected in the world today, than we were five years ago?

Do bad guy countries fear us more or less than five years ago? Is our military more or less prepared for any major war, than it was five years ago?
By the way, couple that with your answer, is the world closer to world peace or world war? Does that concern you? Are our streets safer, than they were five years ago?

Are police, are they more respected?

Remember, five years ago was the throes of BLM.

It was four or five years ago, that everybody was on the street. And they were marching to reimagine the police. And to put counselors on the street, instead of police officers.

Are we -- are our cities struggling to hire more counselors, or more police officers, than they were five years ago?

Are police officers more likely or less likely to jump in and help? When there's a problem.

Your 911 service, is it faster than it was five years ago, or is it slower? The response time, than it was five years ago.

Is our relationship between the police officers and blacks, Hispanics, anybody. Is it better, because that's what they were claiming, they needed counselors. And they needed people to train the cops.

So is our police officer. Our police force. Their relationship.

Is it better or worse, or the same?

Than it was five years ago. And even if it's the same, why?

Didn't we go through all of that, to fix that problem?

Is it even close to being fixed.

If someone commits a crime in America, against you, or against anybody that you know, are they more or less likely to go to jail?

Our justice system. Do you have more trust in it, or less trust?

If you don't trust the justice system and you don't trust the police and you don't trust the government, when you have a problem, who do you go to?

Who is actually holding up the torch. I mean, it used to be that you could go to the media. And the media would expose the bad guys. And the government would come in and take care of it. Or if the bad guys were the government, then the people would take care of business.

Do you have more faith in the government, than you did five years ago?

Do you have more faith in the media, than you did five years ago?

You know, we had to bail out the banks in 2008. Why?

Why?

Because they had become too big to fail. Remember? Too big to fail.

We have to stop this.

Did they fix that problem?

Are our big banks bigger or smaller than they were in 2008? Who was hurt by all of the fixes to make banks smaller? So they would never be too big to fail? The banks that were hurt, were they the big banks, or were they the small banks? Do you have trust in the security of your bank? Is that trust getting better or worse, than it was five years ago?

Do you have trust that our Treasury and our Federal Reserve have your best interest at heart. And is that getting better or worse?

Is inflation better or worse than it was five years ago? Is your confidence in the people that are in charge, is your confidence in -- in them, knowing how to fix it.

Being able to even assess what's going on. Is your confidence in them, getting better or worse.

Do you think they are adding to the problem, or fixing the problem?

Do you know our new hopeful target for inflation is now 3 percent?

So that means, we're hoping to hit 3 percent additional inflation every single year.

Not reversing, prices don't go down.

But they only go up from here, 3 percent per year. That's our hope!

Over the last three years, official inflation was around 12 percent. It's probably closer to 20.

But their plan is to increase the inflation that we have right now, by another 15 percent, by the time the next president's term ends.

Is that in the right direction? Or not?

Is your gas price, better or worse than it was five years ago?

How about the price of insurance?

Is that better or worse? Is it easier or harder for you to find a house?

Find a house!

Easier or more difficult than it was five years ago?

Your mortgage rate, is it lower or higher than it was five years ago?

Price of milk.

Our schools, do you feel our children are more safe, or less safe, in their schools, than you did five years ago?

Remember, it was about three years ago, we started finding CRT.

All of this DEI. All of this stuff, has happened under this president.

Do you have more confidence in your school, or less confidence in your school?

Do you have more confidence in your school's librarian, or less confidence?

Are our children better educated, or worse, than five years ago?

Are our children more stable mentally than they were before all this gobbledegook started? Do you believe that we have a handle on terrorism? Is our country more safe from terrorists, or less safe than it was five years ago?

How do you feel about your job?

I can't think of a category, that has gotten better. Can you?

Every category that I look at, it doesn't speak of health, in any way, shape, or form.

Are we happier than we were five years ago?

Are we more comfortable? Are we more content? Not in any category. Not in a single category.

At least that I can find. Is Afghanistan better off? Is Israel better off? Is Ukraine better off?

There is a reckoning that is coming. There is a reckoning that is come.

By the way, I just keep thinking more, how about electricity rates? Do you feel like we will have power, when needed?

Is that confidence better or worse?

Our border, better or worse?

Your freedom, the fundamentals of our Bill of Rights, do you have more confidence or less confidence, that the people in Washington, I don't care what party they're from, are actually going to enforce the Bill of Rights?

This is called a reckoning. When a country goes this far off, there is a reckoning that comes.

It's like you tell your kids, you know, they're getting bad grades in school. You're going to flunk. You're going to flunk. Work harder. Work harder. How can we help you?

Let's go. We have to get to a tutor. Whatever it is. And your kid does not do it. It's like, there's going to come a time where it's too late for you, and you're going to flunk. There's going to come a time where it's too late for you, and you're not going to make it into college.

That's a reckoning. And it's just a natural response to really bad, screwed up ideas. And until you change your ways, the reckoning just gets worse and worse and worse.

When it comes, it's devastating. One of my favorite lines, favorite sayings is, nothing will change if nothing changes. We're shuffling the deck, and we're moving the chairs around the table. We're just moving the chairs around the table.

We're -- we're moving the chairs on the deck of the Titanic. If nothing changes, nothing will change.

And it's getting worse and worse and worse.

What Aleksandr Dugin REALLY Believes About America
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What Aleksandr Dugin REALLY Believes About America

In light of Tucker Carlson’s recently released interview with Russian philosopher Aleksandr Dugin, Glenn dives deep into Dugin’s true beliefs about America and his terrifying “solutions” to society’s problems. Dugin may sound like an ally to American conservatives, but his comments on war, apocalypse, and fascism reveal his true intents. Rockford University Philosophy Professor Stephen Hicks joins Glenn to lay out the “massive trap” that Dugin has set for the West and the future of “fascism without compromise” that he wants for the world.

Transcript

Below is a rush transcript that may contain errors

GLENN: Welcome to the program. Yesterday, a -- an interview that Tucker Carlson did while he was in Russia, was released. It was about 20 minutes. And I applaud everyone for having a conversation. Tucker has said many times. It's important to see and understand how our adversaries view us.

Well, that -- that wasn't clear in this. He just diagnosed a problem as Aleksandr Dugin always does.

And enough to open a door to people. Have people say, oh. Well, I think I might agree with that.

It is really important, what Tucker has begun. We have to now continue that conversation. So people on our side, will not fall victim to this guy.

They talk about how people want his books to be banned. I don't. I want you to read this in his own words. There will be stuff at the beginning of the book, you will go, yeah. Yeah. He knows me.

By the time you're at the end of the book. This is a horror show.

Literally a horror show. But you should read him.

Jefferson, when we went into our first foreign war, which was against the Muslim pirates, insisted that everybody read the Koran. If you really want to understand the absurdity of it all, he said, you need to read this in their own words. Now, let's get down to it.

GLENN: So let me play just a little bit of what he said, to Tucker yesterday. We'll start there. Here's a clip from the Tucker Carlson interview with Aleksandr Dugin.

VOICE: There was all liberals.

And, for instance (inaudible), correctly, that there are no more ideologies, except for liberalism. And liberalism, that was liberation, of this individual from any kind of collective identity.

There are only two collective identities, to liberate from. Gender identity, because it's disconnected by identity.

You are man and woman, collectively.

So you could be -- so liberation of gender. And that has led to transgenders. To LGBT. And new form of sexual individuals. So sex is all -- something optional.

And that was not just the deviation of liberalism. That was necessary elements of implementation and victor of this liberal ideology.

And the last step that is not yet totally -- totally, made his liberation from human identity. Humanity optional. And when -- now we are choosing for you, in the West, you are choosing the sex you want, as you want. And the last step in this process of liberalism. Implementation of liberalism. Will mean precisely, the human optional. So you can choose your individual identity to be human. Not to be human.

And that -- transhumanism. Post humanism. Singularity. Artificial intelligence. Klaus Schwab. They openly declare that it is the inevitable future of humanity. So we have arrived to the historical terminal station. That we finally -- five centuries. A goal, we have embarked on this train. And we are now arriving at the last station.

GLENN: So what he's saying here is, that liberalism, meaning the classic liberalism where you're an individual. It's not collective. Et cetera, et cetera. He says, the inevitable end is progressivism. And then some dystopian future. But I don't think that's right.

I would love to hear from you.

Liberalism doesn't lead to progressivism. Marxism leads to progressivism.

STEPHEN: Yeah. The first half of the Dugin clip is correct. The second half is a massive equivocation. I think he should know better. I think he's doing some tactical rhetoric against the West, talking about the transgenderism. So let's take those two in part.

So the first part is all of the Soviet Union. I think Dugin is exactly right. What plays out in the 20th century, left only some sort of liberalism standing in the field.

Twenty-first century was a huge ideological battle. I think Dugin's analysis is correct. It's kind of the analysis I've argued and many other people have argued as well.

The 20th Century was about some sort of liberalism, versus some sort of fascism or national socialism, versus some sort of Marxist communism.

We fought world wars. We fought cold wars. Fought many French warfare, ideological wars as well.
What happened was fascism was defeated.

National socialism was defeated. And by 1991, Marxist communism was defeated. So what seemed to be, almost inevitable. I don't want to use the inevitably language. But was that some sort of liberal democracy, capitalism, individualism. Barbarity, was triumphant.

So I think that part is exactly right. Now where I think Dugin goes wrong, is in what happens next.

My view was what happened, liberalism took a breathing. We've been fighting wars. Ideological. And actual wars for over a century.

We let our guard down. We have relaxed. We have kind of thought everybody is going to get on board.

Some sort of liberal, democratic, capitalist. Modern future is slowly going to prevail over the next generation.

What actually happened though, was that the fascists. The national socialists.

The authoritarians. The communists. The Marxists.

The various sorts, did not simply go away, and give up the fight.

Instead, they started to repackage themselves. Inside, the now triumph unto west, there are countermovements that tried to reassert themselves. We started to say, by the time we got to 2010, 2015. Or so.

That those countermovement inside the West are reasserting themselves. And everybody is starting to become aware of them. And the particularly nasty forms of transgenderism.

Now, I think is a legitimate version of transgenderism. That reasonable, sensitive people will take wear of. Weaponized transgenderism. Of a particularly vibrant form, that we're sometimes dealing with.

That is a different phenomena. So the second part then, is what Dugin wants to do is to say.

And this is the part that you were picking up on. That are -- the relativism. The angry activism. The willingness to let everything burn inside the West. That we're now confronting with.

The virulent forms of Islamism. That we are now confronting. And some of the total package of anti-western. Antiliberalism.

Where did those come from?

Now, I agree. Those are pathological.

They are very destructive. What Dugin is offering. Is a thesis that says. That those antiliberalisms. Are themselves an youth growth of liberalism.

And that I think is simply false.

GLENN: So he -- when he says, you know, an end to modernity. And liberalism.

He's actually -- I mean, one of the first things I've found about Dugin. That opened my eyes.

Was his statement that -- that fascism, with Mussolini. Mussolini was a very brave person. As was Hitler.

But it didn't work. But they understood that international communism was not good. So they went for national communism, or socialism. Which became fascist. And he said, where the two of them went wrong. Was they offered too many compromises.

He said, the future -- yeah. The future is fascism without compromise.

STEPHEN: Exactly.

GLENN: This is terrifying.

STEPHEN: This is 1990's Dugin in the first decade after the fail of the Soviet Union. And he's a strange character at this point. He's already adopted various forms of Naziism. In the 1980s. At this point, he's not a young man. He's in his late '20s. Early '30s.

So he's a mature thinker. He hates liberalism already. He hates modernity. He hates the West in its entirety. At the same time, he's dissatisfied with a lot of what's going on in the Soviet Union.

Its version of Communism and Marxism. When the Soviet Union falls, so he's cofounder of a national Bolshevik Party. And the Bolsheviks, of course, was Lenin, Stalin, Trotsky, and so on. So it's a reworking of a kind of Communist Marxism.

But the nationalism is important there for him. And he then -- and, a few years, settles on saying, what we need to do is just rework fascism.

So he's widely and explicitly admiring of Mussolini, and some of the German fascists of the 1920s and early 1930s. And he publishes an article in 1997, called fascism. Borderless and red. The red part means blood. And it means a little bit of incorporation of Marxism.

That will mean bloody, violent revolution that we need, and the border part is also there. That we need to expand Russia's border.

We need to be expansionists.

What we need is a kind of national socialism. And he takes the socialism seriously.

Economic control.

But it's not going to be a socialism, that we take on, so to speak. It's a Russian people, who moved into some abstract, socialist template. We need to take the Russian people. Its particular ethnic identity, including its religion. Its cultures. It's traditions. See it as having a world historical destiny.

It's going to lead the world to a new, bright future that is not going to be kind of trapped in the old Marxist way. And as you were suggesting, it will learn from the failures of the earlier versions of fascism and national socialism.

And what that is going to involve with. A willingness to be muscular. A willingness to be violent. A willingness to take ethnicity and nationalism seriously. And not to compromise one job with capitalism, with any form of Western liberalism.

Yes. That's Dugin. By the time we get to the late 1990s.

Did the Deep State Kill a Journalist? An ‘Octopus Murders’ Review | The Glenn Beck Podcast | Ep 219
THE GLENN BECK PODCAST

Did the Deep State Kill a Journalist? An ‘Octopus Murders’ Review | The Glenn Beck Podcast | Ep 219

A journalist went where the FBI couldn’t and may have dug his own grave asking the wrong questions to a nefarious network, including CIA operatives, the mafia, Hollywood’s elite, Native Americans, and psychopathic killers. This was Danny Casolaro's biggest story that never happened because he was found dead in a motel room in West Virginia. Was it suicide or murder? Glenn Beck excavates never-before-heard testimony from the filmmakers of the Netflix original docuseries “American Conspiracy: The Octopus Murders,” including evidence and a paper trail of a stolen election. Christian Hansen and Zachary Treitz detail the most dangerous character they came across. It’s not Bill Hamilton, Inslaw, Robert Booth Nichols, or Michael Riconosciuto. They also explain how the PROMIS software and the Inslaw scandal have ties to the Angry Birds backdoor malware installed by the NSA as well as that outrageous Zapruder film hoax of the JFK assassination. Confused yet? The interconnected web of disinformation consumed Hansen so much that director Treitz was concerned about his emotional and physical health during filming. The ending, reminiscent of "The Sopranos," left the filmmakers on the hunt for the key that could unlock the entire conspiracy. But the story doesn’t end there ...

Did the U.S. Government TELEPORT Malaysia Airlines Flight 370?!
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Did the U.S. Government TELEPORT Malaysia Airlines Flight 370?!

A decade ago, Malaysia Airlines Flight 370 disappeared without a trace. Now, some are claiming this was a cover-up — by the U.S. GOVERNMENT! Glenn speaks with one of those people, investigative journalist Ashton Forbes, who claims that he has video evidence of what really happened. The alleged footage, which he claims was leaked from within the government, depicts a plane disappearing into what could be a worm hole created by three rotating orbs. Ashton lays out the science that he believes explains this … but does the government really have this game-changing technology? Glenn lets you decide …