RADIO

DIGITAL DOLLARS and 3 more TERRIFYING economic changes happening RIGHT NOW

Glenn warned just days ago that governments would suggest a disturbing solution to the worldwide energy crisis: nationalizing energy companies. Now, Germany is weighing doing just that. Meanwhile, the Biden administration has recommended creating a digital dollar, England is talking about printing more money, and Russia and China are discussing creating a new currency. Glenn breaks down all these terrifying economic changes, plus President Biden's latest excruciating lie about inflation.

Transcript

Below is a rush transcript that may contain errors

GLENN: So last night, our president was -- was on television, on 60 minutes. And it was an amazing softball game.

But the -- the president announced a couple of things. The pandemic is over. You know, he's -- I know. Did you know that?

STU: I didn't.

GLENN: Yeah. It's oar.

STU: I'm surprised to hear that. I've been saying it for a long time. I know you have as well, but I'm surprised to hear the president saying say that.

GLENN: Yeah. Yeah. He also says he invoices to get in control of inflation. But inflation is basically even. Here's cut four, please.

VOICE: Mr. President, as you know, last Tuesday the annual inflation rate came in at 8.3 percent. The stock market nosedived. People are shocked by their grocery bills. What can you do better, and faster?

BIDEN: Well, first of all, let's put this in perspective. Inflation rate month to month, was just an inch. Hardly at all.

GLENN: Stop. Stop right there. Month to month, is not how you measure inflation. He knows this. It's -- it's not 8.2 to 8.2 month to month. Meaning, it's flat. It's 8.2 percent higher than last -- what? September or August. Last August. A year ago.

So remember the high inflation that we all had, and we're all like, whoa. Prices are out of control!

It's up another 8.2 percent. It's not flat.


STU: An annualized rate.

GLENN: Gosh. These people. The lies. I don't know how they sleep at night. All right. Here you go. Next.

VOICE: Oh, you're not arguing that 8.3 is good news?

BIDEN: No, I'm not saying it's good news. But it was 8.2 or 8.24. I can make it sound like, all of a sudden, my God, it went to 8.2 percent.

VOICE: That's the highest inflation rate, Mr. President, in 40 years.

BIDEN: I got that, but guess where we are? We're in a position, where in the last several months, it hasn't spiked. And it's been barely, it's been basically even.

GLENN: This is incredible.

He's basically arguing the fact that the inflation has hit the American people for a longer period of time, is good news.

GLENN: Yeah.

GLENN: Like, hey. You've dealt with this terrible problem for six months, or 12 months. Not just the one. So therefore, you shouldn't worry about it.

No. The problem is existing. And has peaked. And we've stayed right near the peak here for month after month after month. That just keeps hitting families over and over and over again. If it was just a one month spike, and it went away. It wouldn't be that big a problem. The problem is, it's going on for now a year or more, and he has seeming no way of controlling it.

GLENN: Okay. He went on to talk about gas prices. Look, core inflation. And you know this. I don't have to say this. If somebody has to do their own homework. Just go grocery shopping. Grocery shopping. What were you paying last year? What were you paying two years ago?

The prices are through the roof. Now, gasoline has come down off of its five-year high. Why?

Because gasoline, he has been draining our strategic oil reserves. Do we still have that chart, I showed last week?

Stu hasn't seen it yet. This is amazing. Our oil reserves are on a reverse hockey stick.

It is just plummeting down. And what are we going to do? We are getting rid of our strategic oil reserves. For, what?

In an election. That's why. Now, energy crisis in Europe, is going to spread here. Because it's not just what Russia is doing. That's not the only problem. The problem is. They are ahead of us, on all this ESG stuff. I told you -- I told you last week, and I've always told you, that I'm bad at timing. And I am.

I mean, this time, I was three days ahead. I couldn't believe it, when I opened up the paper on Saturday. And I am reading about how Germany is now nationalizing three of their power plants. Practice have I told you nationalization would come. Nationalization will come here, as well. And then we become Venezuela.

What's going to happen, is these energy prices are not going to be affordable by any stretch of the imagination. They're already going through this in England.

But England right now, is so focused and the media is so focused on, can we put the poor woman into the ground, please?

But they're so focused on all of this, and I don't know if the media will really ever tell you what's really going on. But they're now talking about printing in the central bank. The Bank of England. They're now talking about more money printing, because they didn't have the money in their coffers. To be able to pay for everybody's electric bills. Because they've promised. They would pay anything over 2500 pounds a month.

Well, so that's just going to drive inflation in the UK, through the roof. It will devalue their British pound.

And it will them to nationalize these companies. Because these companies will not be able to deal with the price caps.

And so the government will say, see, they can't do it. The free market just doesn't work. And they will nationalize. This is coming. It's coming here.

By the way, something else, you probably didn't know is last week, Putin met with President Xi. President Xi, they are meeting about a new currency.

I have told you for 20 years, the currency will be debased. It is -- that's why we have inflation. Our currency is being debased. So, what do you do about it?

Everybody told me, Glenn, it's never going to crash. We're -- we're the best out there. Everybody else's currency. And I've said for 20 years, do you really believe that no one at any time, will draw a line in the sand and say, enough is enough?

We can do better than this. That's exactly what China, Russia, and the brick countries are doing right now.

Developing a new currency. That will put us into a tailspin. And our government knows it. But they're not telling you. Why else would they be talking about a digital currency?

The White House in surprise of all surprises, has come out this weekend, and said, we recommend the fed goes to a new digital currency? A new digital dollar.

Why?

Because the dollar is going to collapse. I -- I urge you not to take anything that I have just said, as gospel. Look it all up, yourself. It is critical, that you know the truth. And you know how to find the truth.

The best way to find the truth, the best starting place, is, who is telling you, you have to listen to me because I have the truth. Or I have, quote, the science.

And you will not be allowed to question anything. Any question, of what I believe is true. Makes you my enemy.

Anyone who tells you that, does not have the truth on their side. That's the first test.

Then you have to go and explore all sides. And I urge you and your neighbors and your friends, to do that.

Time is becoming critical. So White House has said now, that they're going to create. They recommend creating a new digital dollar. We told you that they were employing to do that a year ago. A year and a half ago. Because it's already been done. I think it's called the Madison project. Probably the Hamilton project, up at MIT. Do you remember, Stu? It's been a while since we talked about this. But now they are releasing their first ever comprehensive framework, for responsible development of digital assets.

And Biden also said this, and I'm going to play this. And then I want to take a break. And comment on it.

Because when you are redesigning a world, and there are several people doing that now.

Everybody who is a globalist is doing that. They're dividing up the world.

And taking their own positions. And hunkering down.

We have -- unfortunately, we're on the receiving end of China. Now, China, do they have the will? Yes. Do they have the people? Yes. Do they have the money? No. But neither do we. But we are on a collision course now with China, and I'll give you the update on that. But first, let me play what Joe Biden said yesterday, cut one.

BIDEN: There's one China policy, and Taiwan makes their own judgments about their independence. We are not -- we're not encouraging or being independent, but that's their decision.

VOICE: But would U.S. forces defend the island?

BIDEN: Yes. If, in fact, there was an unprecedented attack.

VOICE: After our interview, a White House official has told us U.S. policy has not changed. Officially, the U.S. will not say whether American forces would defend Taiwan. But the commander-in-chief, had a view of his own.

VOICE: So unlike Ukraine, to be clear, sir. U.S. forces, U.S. men and women, would defend Taiwan in the event of a Chinese invasion.

BIDEN: Yes.

GLENN: That the stable leadership you voted for? Back in 60 seconds.

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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.