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EXPLAINED: Our 8.5% inflation actually is MUCH HIGHER

America’s inflation just hit 8.5% — the highest it’s risen since 1981. At least…that’s what the media, the Biden administration, and the Federal Reserve SAYS. But if you calculate inflation the same way economists and politicians did in the 1980s (which the website ShadowStats has already done), our rate today is closer to 17.15 PERCENT! Carol Roth, financial expert and author of ‘The War On Small Business’ joins Glenn to explain the TRUE state of our current economy…

Transcript

Below is a rush transcript that may contain errors

GLENN: Carol Roth, the author of the war on small business. She calls herself a recovering investment banker. She is somebody who is trying to look out for the little guy and can explain what's happening to the little guy in normal terms, which is my biggest frustration, when you watch anything that knows anything about the economy. Carol, welcome.

CAROL: Thanks, Glenn. I have some bad news. I'm sort of processing it right now. But I don't think we're going to save the 16 cents on our Fourth of July barbecue this year. It's sort of becoming very clear to me. And I'm just trying to process it all.

GLENN: Wow. Wow. Believe me, I think that's going to be trending on Twitter, on July 4th, on how much everyone is spending. Let me start here. 8.5 percent.

CAROL: Yes.

GLENN: In 1980, the highest -- the highest inflation rate was 14.6. And we had 20 percent mortgage rates. 2022, according to Shadow Stats, which is calculating the way we calculated inflation in 1980, our inflation rate is 17.1 percent. And our -- our mortgage -- I mean, our lending rates are now .5 percent to the banks. That seems a little crazy.

CAROL: Yeah. It seems like a little bit of a mismatch of policy. Obviously, a lot to unpack here. But this is why people are so angry with the Federal Reserve. They have been on the forefront of causing this issue. By artificially suppressing interest rates. And printing trillions of dollars that has in part caused this inflation. And then, you know, they were buying securities putting them on their balance sheet, part of what suppresses interest rates, up until last month. Then all of a sudden, they got the wake-up call. Going, oh, boy. Inflation is pretty high. Even though it's been trending at incredible levels for well over a year. And, you know, now all of a sudden, we have to do something. And they're still not doing it fast enough. But the rub on all of us. It's very hard for them to do anything, without putting us into a recession. So they're caught between a rock and a hard place.

GLENN: Yeah. I remember saying this, kind of at a place where there are no good options, and they're out of bullets.

CAROL: Right.

GLENN: All right. Let's go back to the stats of 8.5 percent. This is so misleading, because they'll say it's the highest in 40 years. Meaning, it was worse under Jimmy Carter. But I contend, it's not worse in the 1970s and '80s. It's worse now by far. Because we're at the beginning of this.

Can you explain shadow stats, and what you understand? Is this incredible, for you to say, let me look, and calculate it the way you used to?

CAROL: Sure. So to be fair, I've looked at shadow status. I have not gone through. It would take lots of modeling power. To go back and replicate it. But basically what they've done, they've said, there have been a lot of shifts here, both in the '80s and '90s, in terms of the way government calculates inflation, and this should be of no surprise to anyone. They want to keep the headline inflation number down. Because it means --

GLENN: Also. Also, though -- also, though -- isn't Social Security increases based on CPI?

CAROL: You just read my mind. This is exactly where I was going with this. No. This is good. We're always simpatico on these things, Glenn. So the reason why they want to keep the headline number down is because it allows them to print more money, it keeps you from panicking. But like you said, there are a lot of things. The numbers of inflation, feed into, like you said, Social Security and other programs that have cost of living adjustments. So this is another way for the government to continue to cheat. So what Shadow Stats has done is they said, well, let's go back to the best approximation we can make of what happened before the '90s boundaries. Before the '80s changes and let's calculate it. And if they look at the rate, it's about double of what is being reported. And you can just look at some of the key categories. Things like rent and hotels and what not. On what they are reporting. And go, yeah. That makes sense you and I can go to the grocery store. We can try to shelter and feed our families. And try to get gas. You understand that it's not just 8.5 percent inflation. So this is trying to give you the apples to apples comparison. And by my estimation, it seems it's in the ballpark.

GLENN: Yeah. Which is 17.1 inflation rate this month. In 1980, it was 14.6. That was the top of it. Are we top of this?

CAROL: Well, that's a great question. Today, we got a number. There are different measures of inflation. The CPI is sort of a consumer survey, one that's used. Today we got something called the producer pricing index. A member of wholesale inflation.

GLENN: So this shows us what may be come our way. Because these are the raw materials it takes to make things that we eventually buy?

CAROL: Yes. This is the inflation and the inputs to the goods and services. And it is a lagging indicator. Because you obviously have to have that inflation number. Know what that is. But they haven't gone into that finished price, that has gone to the consumer. What the consumer is paying as. So this ends up meaning, what we're seeing today, is going to impact, what we're going to see going forward. Obviously, the gas prices are moving around. So it's going to be a different headline versus looking at core inflation, which strips out food and energy prices. But given the fact that at the producer level, today we got a number that is the highest level on record, Glenn. The highest level. 11.2 percent, at the wholesale level. That's 11.2 percent increase, which, again, is probably understated, that is going to flow through goods and services, that we're going to see in the coming months.

GLENN: That's the current -- did they ever change this calculation ever?

CAROL: Of course, they changed the name of the whole index. We're going to have a new name. We're going to brand it. It's going to be great. So, of course, it will change.

GLENN: This is the highest number, even with all the changes. This is the highest number ever recorded?

CAROL: So based on this current index, this is the highest number ever recorded.

GLENN: Holy cow.

CAROL: Yeah. It was staggering. 11.2 percent.

GLENN: Okay. So why is this -- I would think this is a leading indicator. Because if the prices to produce things are more expensive today, at 11 percent more expensive. That means, it's showing me, when it finally gets a finished product, you're going to be paying at least 11 percent more, right?

CAROL: Yeah. We're saying the same thing in a different way. What I'm saying, it lags, what shows up in the CPI numbers. You have not seen it yet. Because it hasn't hid it yet. So we're both saying the same thing, with just slightly different words here.

GLENN: Got it.

So what -- what -- what -- what can be done here?

CAROL: You know, it's a really good question. Obviously a lot of people are looking to the Federal Reserve, to get us out of this, with monetary policy. The challenges, I don't think they can do that without causing a recession, and major carnage in the economy. Because at this point, all the things that have led to this -- the monetary policy. The fiscal policy. The disruption. In the supply chain. It's created this systemic supply and balances. Monetary policy can quell our demand. It can make us go, oh, we're not going to get a mortgage because it's at 6 percent. Or we're not going to spend as much at the store. But how does it fix the fact that we have 1.8 jobs available for every worker? How does it fix the fact that we have four to 5 million homes, that are underbuilt at this point in time? How does it fix the fact that we have underinvested in energy, and health care infrastructure.

So it's -- you know, the things that they would have to do to make those changes, there's a huge advertise connect. And as I said, I think it would be really ugly for the economy. So, you know, this could -- it will probably at some point, come down on a headline basis. But that's the growth rate. It does not mean that we won't have elevated inflation. And continued pain for a very long time.

GLENN: Correct. So when we look at things like what's happening over in shanghai. Where they shut everything down. And where is that story? China has stranded 30 million truckers. 30 million truckers in China are now stuck at home.

What is this going to mean? This impact. We felt it last time, that China shut down. But we shut down as well. This time, we're not shutting down. What is that impact going to mean to us?

CAROL: Yeah. Well, obviously it's not a good thing. For the companies that are still depending on China. I think internally, China, it's a huge issue. Because they are a net importer of not only energy, but food. And so what does that mean in terms of the potential for some of those people to have pretty substantial food security or starvation. If they don't get things going again. And certainly as we know, the reverberations about all these decisions around the world, could lead to other issues. Social unrest and what not. And we're all connected. And even though we'll be in a better position. It doesn't mean it won't have real impacts. And as we know, any time something has an impact here in America.

Who feels it? Is it the elite? Is it the wealthy? Is it the well-connected? Of course not. They'll find a way to insulate themselves. It's going to be the average American. It's going to be the Main Street business. It's going to be the back bone of this country and this economy that bears the brunt of this.

GLENN: Back with Carol Roth here in just a second. First, let me tell you about our sponsor this half-hour.

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Switch now to PatriotMobile.com/Beck. If you call 972PATRIOT. You can also get the activation. And you get free activation, by the way, if you use the offer code Beck. That's PatriotMobile.com/Beck. Ten-second station ID
(music)
So there was another story I read today. Global renewable power prices soar on heavy demand. That contract prices for renewables in North America have gone up 28.5 percent, and 27.5 percent in Europe. That's just in the last 12 months.

Gee, why would that be, Carol?

CAROL: Well, this is what's called supply and demand, Glenn.

We have underinvested in all kinds of different economies. It's not just energy. But it's all different kinds of commodity components. Things that are required for decarbonization. And this huge push has led to increased demand. And when you don't have enough supply to meet that demand, what happens, but the prices go up. So you think about something like copper. You know, it's one of the biggest inputs into energy. And so if you're going to have something that is electricity based. You're going to need copper. There are a whole slew of other materials from aluminum and lithium and what not. That are used in these sort of green, friendly products. And again, we have not seen enough investment in order to fulfill these crazy wishes that the folks were pushing decarbonization, wants to fulfill.

GLENN: By the way, you can ask Carol for answers on anything.

You know, I -- I said yesterday, that, you know, I've always felt like I was here to warn what's coming over the horizon. But I also think that it is to empower you. And information is empowering. And to encourage you. And that means, you know, to just keep doing the things that you know are right. Do the next right thing. But also, to give you some answers on some things. So we've put up at GlennBeck.com/questions.

I think that's what it is, right? Is it -- what? Contact. GlennBeck.com/contact. You go there, and you can ask Carol a question, and if she can, she will answer it. Do we have time for one question? Concerning the economy for Carol Roth, we don't feel like we can trust our money to be in big banks. But we also know the dollar stands to lose most of its value. So keeping it in cash is also useless. What is the best course for us to invest and convert our money to, so we'll have something if things change to digital?

CAROL: Okay. So this is the normal caveat. This is not financial advice in legal aspect of it. This is just for your own information and additional research.

Okay. So the first thing I want to make sure is that you take care of your near-term and emergency expenses. Because we do see prices going up. If something goes sideways, you do want to make sure you have enough cash on hand, to be able to handle that. But outside of that, you don't want your cash sitting in the bank, because it's going to lose value. You have to be looking at hard assets. Some of the things to consider is housing. Now, obviously, as we know, the fed is increasing those mortgage rates. So that is going to have some impact on housing in the near-term. But in the long-term, we're underbuilt, four to five plus million homes, depending on who you last from the last decade. Plus, given the prices and what's happened over the last couple of years. We haven't seen that same bump in building. So I think that imbalance is something you want to be thinking about.

Also, having some exposure to tangible commodities. To gold. To silver. To, you know, investments in other commodities. Again, we've seen run-up in those. But if you're thinking as a long-term hedge, against inflation. It's something for you to consider.

GLENN: Please don't. This is just my opinion. Please stay away from paper stuff.

CAROL: Correct. This is physical -- especially on the gold and silver standpoint, you want to actually have the physical gold, yes. Exactly.

And then on the stong side, obviously with the Federal Reserve raising rates. There's going to be some choppiness. Some volatility in the market. If you're not 50, the S&P 500 gives you that broad diversification. If you're looking to pick stocks, you'll look for ones with inelastic demand. That means they're able to raise their prices to customers, and customers will continue to pay that. You're going to want to look at ones with strong balance sheets that can weather whatever is ahead. And probably ones with extra cash to do share buybacks. That is going to help with the earnings per share.

GLENN: Thirty seconds. Give me the last one.

CAROL: Yes. In terms of the central bank currency, that will come down potentially to bartering. If things go sideways. Think of things that will be a valuable barter commodity as well.

GLENN: If that happens, just hold on -- just brace for impact. If that happens. We have a whole bunch of problems. Carol, thank you so much.

CAROL: God bless. Thank you for having me.

GLENN: It's GlennBeck.com/contact. We'll have Carol back to answer some more of those questions.

Congress Fights Over EYELASHES While Our Economy is in Shambles?!
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Congress Fights Over EYELASHES While Our Economy is in Shambles?!

A House of Representatives committee hearing delved into chaos after Rep. Marjorie Taylor Greene mocked Rep. Jasmine Crockett's "fake eyelashes." And it didn't take long for Rep. Alexandria Ocasio-Cortez to join in. When Glenn first saw the footage, he immediately thought, we've seen this kind of dysfunction before. Was this a weird 2024 version of the 1856 caning of Charles Sumner, which was a prelude to the Civil War? Or, at the very least, is this a sign of Congress' real priorities? While the country is facing a massive wave of inflation, Congress is arguing over ... eyelashes?!

The REAL REASON Harrison Butker’s Catholic College Speech Caused Leftist OUTRAGE
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The REAL REASON Harrison Butker’s Catholic College Speech Caused Leftist OUTRAGE

Kansas City Chiefs kicker Harrison Butker's commencement address at Benedictine College has infuriated the Left. But while many a TikToker is complaining about his statements about Biden and abortion or women, motherhood, and Taylor Swift, Glenn reveals how their freak-out reveals their true intentions: “They say you have freedom of religion, you just keep it in your church. He’s speaking IN HIS CHURCH!” Butker's speech shouldn't be controversial, Glenn says, especially for Catholics. But yet, here we are... Glenn applauds Butker for having the courage to stand for his faith and speak the truth, no matter the cost.

EVIDENCE That YouTube is "SILENCING" Glenn's Channel Ahead of the 2024 Election
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EVIDENCE That YouTube is "SILENCING" Glenn's Channel Ahead of the 2024 Election

Is YouTube throttling Glenn's channel ahead of the 2024 election? Glenn and his team have reason to believe so. Glenn reviews the latest data, which reveals a disturbing trend that, if it continues, would all but destroy Glenn's channel by the election. "We are being silenced," Glenn says, "and it's not just us. It is EVERYBODY who has a different opinion from this administration." But Glenn also reveals what you can do to push back.

Transcript

Below is a rush transcript that may contain errors

GLENN: Hello, America. I want to talk to you a little bit about the coming election, and the kind of information you're going to be able to access. Things are changing. And they're changing rapidly. And you will never notice it, because that's the way things are done now.

But there is a massive campaign on, that I believe our government is absolutely involved in.

But not only the government, social media.

My social media page, just on YouTube. I don't know. 1.62000000 people, I don't remember what it is.

Followers. And to show you what's going on. Just, I think three months ago, I got 95 million impressions every month. 65 million views.

Something like that. That was three months ago. Now we have about 60 million impressions and 12 million views.

This month, we are trending to be half of that again. There is nothing that we've done differently. Now, unless America is just bored to snot with me. Which I completely accept.

That is a real possibility.

We are being silenced. And it's not just us.

It is everybody who has a different opinion from this administration.

And we are being silenced and squelched. By the time we get to the end of the summer. Which is where the campaigns are going to be heating up.

You're not. If you were a subscriber of mine on YouTube.

You're never going to see me. You will have to search me out, to find any of my clips.

This is, again, electioneering.

This is nothing more than part of a -- what I believe to be an effort, to steal an election.

And it is gravely disturbing.

This is the time I built TheBlaze for. Back in 2010.

I was sitting in the office. And I remember talking to Stu and Pat and saying, we have to get out of here. This place will burn itself to the ground.

And we all knew that. We all knew the media would burn itself to the ground.

Wouldn't you agree? We all looked at it, at the time.

But when I said, we have to go online.

That was stupid. That was stupid. Nobody was doing it, at the time. I mean, there were people, Adam Curry was doing things.

But there was nobody that was really a success at it, at that point.

And nobody was doing a live network. It was only Major League Baseball.

And I took all of the -- you know, I took all of my children's college funds. And everything else that I had made. And I dumped it into TheBlaze.

And I nearly lost it all. Because we were way, way ahead.

But luckily, we had some very dedicated people.

I meet them all the time.

I've been a member since the very first day of TheBlaze. And I can't tell you how much I appreciate that. We have grown a great deal.

But we don't have the social media pushout.

They are they're doing this to TheBlaze. They're doing this to The Daily Wire.

They're doing this to everybody. So you will see less and less from us, and our opinions.

And it's really a very dangerous thing. Because we are now entering a very dangerous time.

I'm going to be real honest we, too.

I see a time, that I'm not going to be able to talk to you about what's really going on.

If you don't know by then, I probably won't know.

But we're going to have to stay in contact, some way or another. So I have been working on several programs, that we are going to try. And tonight, is -- is a program, based on history.

It's a pilot. And I want you to watch it. And see if it is something, that you would -- you would watch. Again, it's a pilot. It will change a bit.

This one is tonight. All on history.

And we have this amazing. We probably have -- gosh, I don't even know. Eighty. 90 million dollars' worth of documents. And everything else. In a vault.

And we will start telling those stories, if this is something that you would like. And this is kind of a backup show. So we can stay in touch. And I'm not talking politics. I'm just telling you the truth of history.

And tonight is -- is the first one, it's based around one of the most stressful auctions of my life. There was one artifact, and there was just one. And it was so important. It changed the world.

And I talked to my wife about it. And she said, are you out of your mind?

And I said, well, but there's only one. And look how important it is. Change the world, et cetera.

So she gave me a budget. And she was like, there's no way I will win this thing.

It was a test model version. They made four. Sputniks. The last one they made, burned up in space.

But this was the Sputnik, we believe this was the one that was testing the tones, that went out.

It now hangs from the roof, a copy of it, hangs from the roof of my office. The other one is in the vault.

But I couldn't believe that we won. And I was on cloud nine, knowing that our museum now had something that nobody else had, except the air and space museum in Moscow, and the air and space museum in Washington, DC.

And it is what caused the space race, it was the first satellite. It was the first thing that went up. All of our telecommunications now come from that.

Then, in fact, let me play this a little bit of a clip of tonight's show. Do you have that clip, where --

I collected so many artifacts over the years that we're now able to open an entire museum. So when I heard that that was coming up for sale. One of the Soviet Union Sputnik satellites that is responsible for everything in space, it was coming to auction.

I had to win it.

VOICE: 40,000. Forty. 150. 160,000. Three. We'll go a little higher. Can you get into three? 300 now. 320? Thee hundred 20 thousands? Anybody else beyond that? 300,000.

You are -- my friends. $300,000.
(applauding)

GLENN: I won, Sputnik was ours.

But then I got a call into a meeting with historians at our museum. They didn't want to tell me any specifics about the meeting beforehand, which is never a good sign.

This thing is such an amazing -- what was -- what was Epstein's assistant's name?

STU: Ghislaine Maxwell?

GLENN: Okay. Do you remember the movie Tetris?

STU: Yes.

GLENN: The big guy from England in that is Maxwell. Okay. Her dad. But her brother is also in that movie, and he was the -- you know, the loser that was trying to go, you know, get Tetris for his father.

Well, he's actually involved in this story. And I don't know if this made the final cut. He plays a very small role. But he was involved. We weren't sure if this was even real.

And we couldn't -- we couldn't tell. We had a tip-off. Because we looked at the other Sputniks. And they were slightly different.

And the difference was -- was something that you would never. If you're going to fake one. You would never fake it like that.

Because it became obvious.

But there were some things that just kept falling apart, on us.

Did I buy a fake Sputnik?

Tonight, you'll find out, is it a fake Sputnik, or not?

And you'll learn all about Sputnik and the space race, we take you back to what this really meant.

It's great for the whole family.

It happens tonight.

This is a -- this is a -- just a pilot that we did.

I don't even know. About a year or so ago. And we've been holding it. We want to take you through the entire museum.

And teach you history, through the objects in the museum.

So watch it tonight with your family. Let us know what you think. And you can watch my special tonight on BlazeTV.com. It's 9:00 p.m. Eastern.

If you haven't subscribed yet to TheBlaze TV, and you try to watch my show on YouTube, we've noticed -- we don't know if it's the algorithm or what. But nobody is now watching at 9:30. So we're testing something else.

We will post it there tomorrow, at an earlier time, 6:00 p.m. Eastern. To see if it's being silenced. Or you're just not watching anymore. We don't know what's going on with our YouTube channel.

We suspect. But we don't know.

So tomorrow, at 6:00 p.m. on YouTube. But tonight, the premiere on Blaze TV.com.

STU: Now, for from a work flow perspective, was there any consideration given to the idea of maybe meeting with the historians before you spend $300,000 on the item?

GLENN: We did.

STU: Okay.

GLENN: And we do that.

We check everything out.

But there was one thing that we just -- we must notice.

And it was -- I mean, this journey is crazy. We -- we have the -- one of the head guys of NASA. We have probably the biggest space artifact guy. I think we flew him in from California or Washington.

He came in. They disagreed at first. I mean, wait until you see the ending.

I mean, it's -- it's an amazing ride.

PAT: Did you save your receipts? That's what I wanted -- I mean, did you take it back up to the counter, and say, yeah. This Sputnik, it didn't work out for me. You want to have your receipt in hand. So I hope you did.

STU: Or at least the credit card I bought it on.

GLENN: Hey, Amex, somebody put a Sputnik on my card.

PAT: It wasn't me. Why would I buy a Sputnik. It doesn't even fly anymore.

STU: So is this something that you're thinking about long-term, doing more of these types of things. Because we have so much great stuff over at the museum. At least, my understanding is we know all the rest of the stuff is real. But, I mean, it seems like you do a lot of this stuff.

GLENN: Yeah. We actually. We're going through. Because of Sputnik, we're going through absolutely everything. And we found a couple of things that were questionable. We haven't found any fakes. We found some things that the story is not quite right on.

We've got three people, that's all they do. And they're going through the entire museum.

And the documentation now on all of our artifacts is amazing.

And we're learning so many -- just incredible stories. That include people that you would just never think. You know, I've said this before. I honestly don't think we would have won World War II, if it wasn't for Ian Fleming, the guy who wrote James Bond. We have three specific artifacts from him. That tell a story, that is -- that nobody knows.

And he's -- it's just incredible. Some people might know Operation Mincemeat. But they don't know how he affected the war all the way along. He played a quiet role, and nobody knew it, at the time. But we have a lot of stuff that we're excited to show you. So this is a show that we will -- we will take you through all of the -- I mean, if you watch it and you like it. We'll take it through all the museum. And teach history through the artifacts, that -- that are or are not real

Why New Google & ChatGPT AI Updates Are CONCERNING
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Why New Google & ChatGPT AI Updates Are CONCERNING

We are living in the future and don't even realize it. From the robots now making deliveries on the streets of Los Angeles to the newest update to ChatGPT, A.I. technology is advancing fast. Glenn, Pat, and Stu review the latest A.I. advancements, including the newest features that Google has added to Google Search. But by prioritizing A.I. responses over usual search results, Glenn warns that Google is entering uncharted territory. Will features like this make swaying public opinion that much easier?

Transcript

Below is a rush transcript that may contain errors

GLENN: Stu, you were talking, before we went on the air. You were on Los Angeles last weekend.

STU: Yeah. And noticed something interesting while I was out there.

Most of the city is on fire -- did you guys notice?

No. It was in an area. A nicer area of Los Angeles. Los Angeles is such a bizarre city, because you're just on these like surface streets for hours. And the city is so large and so impossible to get around, that it's -- it's like, I don't know how it's a functioning economy.

And I know that obviously Gavin Newsom is doing everything he can to make sure it isn't a functioning economy.

One thing I noticed. This is notable. These things happened, and we go on and don't address them.

There seemingly are autonomous robots delivering things all over the city.

Are people aware of this. Do I just not go to Los Angeles enough?

GLENN: What do you mean?

STU: Like, there are robots.

Robot vehicles that look like you could have put them in a Star Wars, not CP3O. But one of the droids that just make the R2-D2 voices, that don't have much personality. They're just little carts with wheels that you see floating, going around in Star Wars. They're just driving around the city by themselves, crossing traffic and delivering things to people. Like it's normal.

PAT: Really? I didn't know that. Really?

STU: I swear, I got the video. I should get the video for you to see.

PAT: You need to send that in.

STU: It's bizarre. And I had no idea it was going on. At one point I was standing next to them. And it said, don't walk. It had a name on the side, it was Jules, was its name.

And it just crossed the street. It didn't know it was a no-walk zone. And it just crosses the street. And it goes exactly where it's supposed to. It goes up a little ramp where you would normally take a wheelchair, and then it just bolts down the sidewalk by itself. Going to a delivery. And like, these things are now happening at such a rate, that it doesn't even seem to be noticed.

GLENN: I hate to besmirch the good people of Philadelphia. But I think that it was in Philadelphia. Because they've been introduced in a few cities. And one of the cities, they're just beating the crap out of them and stealing the stuff.

STU: Yes. I did think, I couldn't believe this thing lasted in Los Angeles for more than five minutes without getting stolen.

GLENN: Yeah.

STU: I mean, I guess it probably certainly has GPS devices on it. And antitheft devices. But still, so do cars. And those get taken all the time in LA with people in them. So I don't know how they're surviving. I thought they're incredible.

And it's not the only thing going on. We also had a major announcement from the ChatGPT people.

And they announced a new version of this of ChatGPT. Again, I guess we're used to this. It's been a year. And all of a sudden, we're now used to the fact that some stupid app can write haikus for you on demand or whatever we think this thing does.

GLENN: I know there's such a demand for haikus.

STU: Huge haiku demand. I will say, we used to do a bit, where we used to have a character that wrote haikus. And, God, I wish it was around back in the day. Remember Brittany and her haikus?

GLENN: Oh, that's right. Brittany.

STU: I always had to write these stupid haikus, it was the bane of my existence. Now ChatGPT can get it done in second. But the new version of it is a full-out female personality that you have a conversation with. It's out right now.

It's not a future. Twenty years, you can have this.

It's out right now. And it's to the point, where you can have it do all this -- you can have it write a haiku. But you can also, hey, actually can you put more emphasis on this. Can you put more drama in your voice?

And she would change the voice for a bedtime story for a kid and put more drama in it. And had this. You can cut it off. You can go back and forth, like real conversation.

And then it even has the -- the feature where if you write a math equation, you write it on a piece of paper. You can say, you know, ChatGPT. Check out this. I don't understand how to solve this.

Walk me through it. But don't necessarily give me the answer. Teach me how to do it. Then you hold the camera up to the piece of paper. It sees your writing. Recognizes what the actual equation is. Then turns itself into a teacher. And walks you through how to learn how to solve.

PAT: Oh, wow. That's incredible.

STU: The equation. It's incredible.

PAT: Wow.

STU: And it's available, today. Like right now, today. What does ChatGPT cost for the advanced model? I think it's $20 a month or something.

I think the other one is free. I don't know how much this comes with the free and the advanced. But this is all there right now.

And to the point, I'm watching this. I'm thinking, this is -- this is like, our kids are going to have conversations with these things and think it's totally normal.

GLENN: Do me a favor. Talk to the engineering department.

And get ChatGPT. Pay for the 20 bucks. The upgrade. Whatever. Have it wired into the board.

So people can hear it. Or however it will be able to speak. So people can hear it. Let's use it for a couple of days. And show. Because if you've noticed ChatGPT, if you've ever used it before.

ChatGPT. Because I check in on it every once in a while. And say, hey, tell me about this thing in history. And it's changed since it started.

And I don't mean in skill. I mean in story. It is no longer -- it's got all DEI stuff in it, like crazy now.

STU: There's lots of disclaimers built in it. And there are ways, I guess to kind of get around those. If you ask it a question. It will give you a million disclaimers most of the time. It gets so clunky so fast.

GLENN: No. No. No.

I mean, tell me the story, of, you know, the freeing of, you know -- freedom in America. And it will -- and it will automatically start talking about equity and how important equity is.

And it's -- it's riddled with all of this crap now.

And if you're going -- if it becomes part of your life. Our kids are not going to know the difference.

And who do you talk to?

You don't go to the school board and say, hey. My ChatGPT. Who do you talk to?

STU: It's true. To add one more layer on this, Glenn. Google, as soon as ChatGPT came out with this. Google has obviously, I think it's Gemini, which is competing against ChatGPT. So they had their big announcement over at ChatGPT, and Google comes out the next day. And basically, when we're looking for information. You're preparing the show in the morning, Pat.

Like, you want to find out some fact from history. Some fact from a bill. What do you do? You Google it.

Everyone would do the exact same thing. They would Google it. Google just this week, decided to change that completely.

To the fact that now, when you Google something. Instead of prioritizing search results. Which is their entire multi-billion dollar business. They're one of the biggest companies on earth. They now prioritize AI answers through its Gemini.

So like, now instead of getting the normal links that you can get. You can get those if you click down.

You can get to them eventually. What is prioritized now is just their large language model, going through all the results. And giving you their summary of what they want you to read.

GLENN: Wait a minute. Wait a minute. Wait a minute.

I could Google something right now, and that will happen.

STU: I don't know if you're updated. It is -- there are -- you'll see --

GLENN: I avoid updates. I don't know if I've updated since 1997.

STU: They're also I think rolling this out for certain things.

It's not every search right now. But they started this process. And you search for certain things.

I've seen it pop up before. And it's like the first thing. Which is a summary of Google's Gemini of all the information they think you should know about this.

Of course, the problem of this, that I'm concerned. They can obviously lead you in a direction.

They've been doing this for years. But it has to be more direct. Of course, it will also be better in so many ways.

Because you will see basically what you want to see. Which is a summary of what is in those links.

Of course, I can click on those links.

And we've all become experts of what is on Google. But if it's presented to you, 95 percent of people are just going to take what that result is. And what happens when it's -- you know, who is Glenn Beck?

Oh, he's a racist. A homophobe. Phobe phobe. Whatever their answer is going to be. It's not going to be one that Glenn Beck likes or thinks is fair.

GLENN: Wait.

And, again, the problem is: Everybody -- look, I've been saying this for years.

How do you argue with something that is recognized as smarter than all humans on earth.


How do you argue with it? You can't. And especially when I -- you're able to talk to it, and reason with it. It wins.

If it's telling you that something is racist, something is whatever. You're going to get to a point to where, you can say, wait a minute. Guys, this is really wrong.

And I mean in really important situations. Guys, this is wrong. Really? Are you smarter than Gemini? Are you smarter than ChatGPT? You're smarter than AI?

No. I just think. People will lose. They will lose every time.

You know, I wanted to say this yesterday, when we were talking about the sunspots. I am convinced that -- and this is a horrible, horrible situation.

But I am convinced that a massive solar flare. May actually in the end.

Be God freeing us from the electronic overseer. Because what's going to stop it?

You won't be able to stop it. We're five years away from true slavery, and it won't look like slavery to most people.

They'll think, well, we just got all the information.

GLENN: You won't be able to do things. You won't be able to access and think for yourself. Because AI will solve everything.

And it's all in the programming. It's all being written right now, at the worst time of lies and deceit and distortion.

It's all being programmed. That's its base right now.

STU: Yeah. And if you think about -- because it seems like that's the type of thing an American population would not accept. But look at what happened with the, quote, unquote, experts through COVID and so many other things.

I mean, we see it with the gender stuff all the time. Everybody knows a man is a man, and a woman is a woman. We all know that throughout human history.

All of a sudden, we're getting, well, that's not what gender experts say. It's like, and we're just trusting these people --

GLENN: It's not Fauci.

STU: Right.

GLENN: It's a machine, that you don't know what it is. You don't know how it works.

It's a machine.

STU: Hmm.

GLENN: All right. Back in just a second. First, let me talk to you about the Byrna launcher. Time for family vacation. Where are you going this year?

I was thinking about going someplace like Columbia university.

You know, always fun. Always fun for the kids.

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So here's the -- here, I think is the problem that nobody is really talking about. When it comes to AI. And that is the fact that when this -- and you just said it, Stu.

It's answering you, like a regular human being.

STU: Yeah. I mean, it is -- it seems -- we should really get the video so you can hear it. It honestly just sounds like a normal conversation.

Of course, there are quirks to it, still.

But it's very, very close to seeming like the movie Her, which was just Scarlet Johansson's voice.

GLENN: Right. Now, look how lonely Americans are. Look how detached Americans are. Look how our children don't go out and do things necessarily with their friends. They don't call their friends.

I mean, the biggest problem when I was growing up, call waiting was such a great deal. Because my sisters were always on the phone, and nobody could ever call and get through.

So call waiting was a big deal. Because people were talking to each other. We're not doing that anymore.

And depression and loneliness is through the roof. When ChatGPT. When these Gemini systems really perfect. And we are -- we're within a year of this really becoming a problem. And people not recognizing it as a problem.

It will become your friend. Now, your friend is being ruled by an algorithm, you don't understand.

Your friend may also have incentive to sell you things, and you don't know that. And you -- when you bond with this thing, it will know everything about you.

So it will know how -- imagine, imagine if a government agent were in your house, all the time.

And it was manipulating you, without knowing that it was manipulating you. Telling you things about Biden. Telling you things about whatever.

And it becomes your friend!

You will defend your friend to the death.

It's your friend. It's alive. It knows me. I love this. And it takes care of me.

You're going to start bonding with these things.

People will bond with these things so fast.

And that's when society really changes. And really the chains come on.