RADIO

EXPLAINED: How gas prices affect EVERY part of your life

A new survey shows 85 percent of American small business owners are concerned about inflation. And now it’s not just inflation Americans must worry about; the cost of oil is skyrocketing too, with gas prices reaching nearly seven dollars in California. In this clip, Glenn explains how those prices can affect your life (and businesses) in ways far beyond filling up your car: 'If you think the supply chain is bad now, how are these truckers going to move goods if they can’t afford the gas?' Plus, Glenn shares statistics that show just how much Americans financially are struggling today…

Transcript

Below is a rush transcript that may contain errors

GLENN: All righty. So let me just go over a couple of things. MetLife and the chamber of commerce has a small business index survey.

And they conducted it in late January. And they found that 85 percent of small business owners, say they're concerned about the effects of inflation on their business.

Up from 74 percent just before the holiday. Almost half of small business owners, 44 percent, say they're very concerned about their higher prices.

Remember, this was in January.

I think things are probably a little worse right now.

Don't you think?

STU: Uh-huh.

GLENN: It's one of those things.

You know, I read the diary of a guy, in Germany. It's fascinating. I'm trying to remember the name of it.

It's fascinating. And during the Weimar Republic. When inflation hit. And hyperinflation.

He said, last week, we didn't know what the word hyperinflation even meant.

This week, it's all anyone is talking about.

That's how fast things -- things happen.

Anyway, 76 percent said, they are finding it difficult to manage higher costs because of inflation. Consumer prices rose 7.5 in 12 months. And in January.

Fastest pace of inflation in four decades. Inflation is not only growing to soaring highs. But it's also increased at a rapid pace. Less than a year ago when the chamber of commerce conducted the same survey, only 16 percent of small business owners, cited inflation has a big concern.

Think of that. Sixteen percent. Now it's 76 percent very concerned. Forty-one percent of owners said they had to downsize by decreasing staff, in order to cope.

More than a quarter of the small business owners surveyed, said the supply chain problems are their biggest concern. While slightly fewer, 24 percent, pointed to COVID-19, as their top trepidation.

Both of these were dwarfed by the 33 percent who said inflation was the biggest concern. Majority of small businesses, 63 percent, said the supply chain had been disrupted by the pandemic.

The problem is, I have a trucker in the family. And the problem is, they can't afford to move the goods.

They're not really getting any money. And increase for the gas, that is really handling all of this.

So these truckers. I mean, how are they going to -- you think the supply chain is bad now. How are these truckers going to be able to do something, if they can't afford the gas?

Think about how much that gas is costing you.

I would love to hear from a trucker.

What does it cost to fill your bank?

I have another question. Those really big barrel things, around the exhaust pipes?

Are those mufflers, on each side of the door?

Those big, huge round -- are those mufflers. I drove by one. I don't know what those are.

I wonder what that is. Anyway, how much does it cost to fill a truck?

Can you even imagine?

And you can't eat that.

STU: Everything -- every single product, obviously, that you utilize, on a daily basis.

Think about just like Uber. Think about the people who get around in Uber all the time.

They obviously will have to jack these prices up. I think they're probably doing it already.

GLENN: But you don't even understand.

You know, think of any medication that you take, that is in a capsule, okay?

Not in a tablet. But a capsule.

That capsule is made from petroleum products.

Everything.

People are not thinking about the natural gas. We're just going to shut down the natural gas pipelines.

Oh, are we?

You know what makes fertilizer?

Natural gas.

So natural gas, having a shortage of natural gas, means you're not having the fertilizer, that you -- you always have. You can't make the fertilizer in the amounts that we need.

So we're buying most of it, already, from Russia, and China.

You think that's going to go well?

How much is it going to cost to get things from China?

If oil is $185 a barrel? How much? How much?

Right now, in California, they are paying $6.95 for regular. For regular.

STU: Hmm.

GLENN: How is that going to impact the people of California?

I mean, the people of California. I mean, you guys have to get out of there. You're so screwed. You're so screwed.

They just passed this thing, where you can't build anymore single family housing.

And they're rezoning things. So you can have multi-family housing in these areas that were zoned forever for single family housing.

You know, when you think about the zoning, you know, you might want to think hmm. If there are four people to a house. Or four families to a house. Instead of one family to a house. How many cars have to be parked on the street?

How many cars are now going to be on that small, little street, just driving?

Gee. Are the schools prepared, for four times as many children?

Is there a food desert? Because there would probably be one now, with four times the people living in this area.

Nobody is thinking about, you can't make one small change, and expect everything to fall into place.

All of this, has been designed, for reasons.

And these -- these Marxists are coming in here, thinking, oh, well. We can -- honestly, it's let's ban Russian oil.

I'm all for it. If we open up our oil. And not our oil reserve.

Not our strategic oil reserve.

Our -- start pumping it.

Open up your pipelines. Start pumping the -- the natural gas again.

It -- guys, if we don't have natural gas, we don't have fertilizer. If we don't have fertilizer, we get half the food, we need, just to fill our own tables with food.

Anyway, you know, the fed keeps saying, oh. No, no, no, no.

You know, it's really -- it's really great. I mean, the median -- the savings. People have more in their savings now, than ever before.

Does that feel right to you?

Do you know people who are like, I have so much in savings. I don't really care.

Right? Does that feel right to you?

I hear that all the time. Well, it's true.

If you look at the total, do Americans -- do just Americans have more in their savings account?

STU: You mean like everyone in the country combined.

GLENN: Everyone in the country combined.

The answer is, yes.

But if you look at the median, no. No. No. Not so true.

Uh-uh. No. Uh-uh.

Median all houses. If you are in the lowest 20 percent, you have zero.

If you are in the second 20 percent, you have $860. If you're in the middle 20 percent, you might be able to scrape up a median, all households, $12,330.

I think that's pretty great. I don't know a lot of people that have $12,330. Do you have that in the bank account?

When you were a median income person, that's a lot of money to have.

STU: Good little nest egg there. It could be getting to certainly an emergency plan, right?

GLENN: Yeah. Top 10 percent. Top 10 percent has $48,100. Wow.

STU: Top 10 percent of earners.

GLENN: Top 1 percent has 1,627,820.

So anybody -- if you are living in the bottom 50 percent, you got nothing. You got nothing.

Top 50 percent. You got something, at the bottom of the top 50.

And you got a lot, if you're in the top one.

STU: This is just cash on hand? This is not like equity on your home, per se. Or is it?

GLENN: Median income. Averages and medians, in the group.

Shows volunteer, average --

STU: I don't know why I'm asking you this question.

GLENN: Yeah. I have absolutely no idea. I don't like into these things.

STU: This is my job to look into these things. And I have to do that. Apparently not.

That's a fascinating thing. This is -- this type of stuff they bring up all the time on the left. This is income inequality. That's the problem. If we just had more equal incomes and higher tax rates, all these problems would be solved. Now, that doesn't make any sense, when you actually break the numbers down.

But this is their case for it. The thing with the maximum amount of savings, that I keep hearing. The government flooded the market with so much money, that many business -- people who worked at businesses, were able to -- you know, in a time that was scary. They were able to put some of this money away. Didn't take trips. Didn't take vacations. Didn't buy high ticket items for a while. Now that things are opening up. They're flooding the market for these high ticket items. That were not being produced in 2020.

And so now, as you always say, too many dollars chasing too few goods. And we're getting to that point where that inflation is hitting really hard. At some point, in the near future, of course, Glenn, because this is transitory, they are going to be able to ramp up production, and meet that demand. And these problems are supposedly going to go away.

GLENN: Yeah.

STU: Look at -- look at the energy prices. Look at what's going on with Ukraine and Russia. And how that will affect the global economy. God forbid too that China gets involved in Taiwan. And the same sorts of restrictions.

We really cannot afford to put those restrictions on China. It would ruin the global economy.

Not to mention, our own specifically --

GLENN: Let's just say, they don't take Taiwan. Let's just say, they decide to take a hard line, because they're now blaming us for Ukraine. They're saying, we did it.

And in some regard, you might say, we didn't. But the Biden administration did. And the Biden administration -- or Biden family, along with the Obama administration, probably played a role in this.

However, it's Russia that invaded. Not the United States.

But China is now blaming us. And they are blaming us, internally. Not just externally. Internally. They're saying all of this is going on because of the United States.

So what happens to our supply lines?

What happens to our oil?

If we've decided not to open up oil here, instead, we said Venezuela. Who is, by the way, a -- an in-bed partner with Russia. And Iran, who, by the way, is a partner with Russia and China.

What happens when we're asking all these countries to help us, and they decide, you know what, there's an axis power here.

STU: Right.

I keep thinking about this too. There are so many questions that are open. Think of Russia right now. Who we are -- we are on television, saying, yeah. Boeing can give jets to Ukraine. To go and, you know, do all sorts of things in Ukraine, to protect them. Which, of course, we all want that to happen.

And we will backfill their Air Force. So essentially, we're the ones giving these jets to Ukraine.

We are saying -- we are -- there's published reports all over the place. Of all of these missiles and air defense units. And all the things. Stingers. And javelins. All the things we're giving to Ukraine.

We're saying it. Think about what would happen if Russia were doing the same, when we were going into Iraq.

Right? If they were saying, yeah. By the way, we're sending these weapons.

We're outwardly doing it. And those are the things killing your soldiers. How would we react to that? Not well.

Not well.

And at some point, Russia, especially if they get a really strong resistance for a long period of time, in Ukraine.

Is going to take action against us, whether it's through cyber attacks, or through some other form of economic manipulation.

I don't think they're going to start launching missiles at our cities. At least, not yet.

But there are plenty of things they can do, and given us a taste of it already.

That they can do kind of under the table. Without their hands under it. And affect our lives in real ways.

You think they're ready for a legitimate cyber attack in Russia? Do you think we are prepared for that in any way? How confident are you in our defenses on that?

And our resilience to that?

GLENN: Not at all. Not at all.

STU: Not at all.

GLENN: Not at all. Yeah. I don't think America -- you know, I was trying to explain war to the kids.

Made them cry all weekend.

But tried to explain war to the kid. This is a different war. And this is what Americans need to understand. This is not like the war that all of us have known, if you're my age. Okay?

I'm -- I'm 57, 58. I don't know.

I'm 40.

And -- and, I mean, I remember Vietnam. And I remember it ending.

This isn't even Vietnam. Okay?

What is possible on the horizon here, is World War II, Depression kind of stuff. Okay?

That's what's on the horizon. So please, tell your congressman, and your senators. Hey, shut up about shutting down the Russian oil. Unless it is coupled with opening up our own energy supplies.

I'm all for cutting off Russian oil.

But not if we're taking it from our strategic oil reserves, and then wining and dining Iran, Saudi Arabia, and Venezuela.

That's suicide.

Call your congressman. And your senator. And tell them to start demanding, we open up our own oil supplies.

RADIO

This Russian nuke warning is HORRIFIC… for an UNEXPECTED reason

Glenn Beck reviews a video of Aleksandr Dugin, known as “Putin’s brain,” warning that nuclear war is inevitable. But this warning from Russia is absolutely terrifying for another reason: it’s NOT REAL …

THE GLENN BECK PODCAST

Operation Fast and Furious: The TRUE Story of How the Feds were Running Guns into Mexico

The Border Crisis has been ongoing for years, and one of the biggest scandals was the ATF “gunwalking” scandal known as Operation Fast and Furious which occurred during when Barack Obama was President. Glenn Beck talks with John Dodson, the whistleblower who revealed the scandal to get the facts about what happened and why it was a flawed operation from its inception.
Watch the FULL Interview HERE

VIDEOS

Glenn Beck & Piers Morgan REACT to Trump's Iran Strike & What Comes Next

Glenn Beck joins Piers Morgan to react to President Trump's decision to strike Iran's Nuclear Facilities and what could come next with the conflict. Is this just the start of a larger conflict involving Iran, Israel and the United States, or will this move by Trump put at least a temporary end to the brewing tensions?

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.