RADIOApril 13, 2022

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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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.

Black Friday spending hits record high, but are we really buying more?

Black Friday broke records as Americans spent over a quarter-trillion dollars, but here's the truth behind the illusion: we’re not buying more, our dollar is simply worth less than ever. From $1 buying 30 Hershey bars in 1913 to barely covering a pack of gummy worms today, the purchasing power collapse is undeniable, and compounding inflation keeps silently stripping wealth from every household. Glenn Beck breaks it all down as he explains why this should be a massive wake-up call...

Transcript

Below is a rush transcript that may contain errors

GLENN: Did you see that this Black Friday, first quarter of a trillion dollar season. Black Friday. First time ever, quart of a trillion dollars. New highs.

Wow! Okay.

Okay.

Black Friday made up 10 percent total sales for the month of November.

111 billion dollars.

Represents 9.1 percent increase on online sales compared to last year.

They track over a trillion dollars in US retail site visits.

Adobe does.

If this continues, it looks like Christmas will be the first quarter of a trillion dollar season.

That would be a record in the United States. We're still spending!

Of course, you know, it looks like we're buying more. But are we, really? I've got to send this. I've got to send this out. Would you tweet this for me?

The purchasing power of the dollar in 1913. In 1913, you could buy 30 Hershey chocolate bars with 1 dollar. 1929, you could buy ten rolls of toilet paper.

1933, ten bottles of beer. 1944, 20 bottles of Coca-Cola. 1953, ten bags of pretzels.

1964, one movie ticket to a drive-in theater. 1971, you could buy 17 oranges. 1987, with a dollar, you could buy two box of Crayola crayons. 1997, you could buy four grapefruits.

2008, with the same dollar, you could buy two lemons. By 2020, you could buy one McDonald's coffee. And in 2025, you can buy one pack of Great Value gummy worms. I don't know!

I think our dollar has gone down a little bit in worth. This -- this -- this is why gold is so important.

A 20-dollar gold piece in 1913, you could go to the bank, and you could get $20 for it.

Or you can go with $20. Go to the bank, get a 20-dollar gold piece.

Then you can walk in to a good men's clothing store and say, sir, I want your finest suit. And for $20 you could buy the finest suit in the store.

Today, you could walk in with that same gold piece. They wouldn't take it. You would to have cash it in.

You would cash it in, and it would be $4,200.

And you could go into that same men's store, and you could say, I want your finest suit, and for $4,200, you would probably get their finest suit. Gold hasn't changed price! Dollars have dropped in value! What cost you $20, one gold piece, 1 ounce of gold, what cost you $20 in 1913, now cost you $4,200! That's why gold is so important when it comes to inflation. Because the dollar will just keep -- we can buy gummy worms today.

Stu, I don't know how many gummy worms you -- you know, think about how many gummy worms have to be sold for a quarter of a trillion dollars for the quarter. That's a lot of gummy worms.

STU: You say gummy worms.

You keep leaving out that detail that they're Great Value gummy worms.

GLENN: Sorry. Not just any gummy worms.

STU: Right.

GLENN: They're the cheapest.

STU: Would you rather have one pack of Great Value gummy worms, or 33 Hershey bars?

You're on the borderline there. I'm not sure which one you would rather have.

GLENN: I mean. Isn't that incredible?

Thirty Hershey bars. Ten rolls of toilet paper for a dollar! For a dollar!

Ten bottles of beer. You couldn't go in. You could go in with your friends and say, beer for everybody.

I've got two bucks. Think of that.

That's crazy!

STU: And now that we need to get more drunk, we can't even afford the alcohol. It's really sad. What a terrible. Terrible turn of events.

It is amazing. And I think too, we've lost track of that. Because, you know, when inflation rates come down, that is -- you know, a positive, compared to what we were facing a few years ago.

But it is still building on top of those price increases that were locked in. It's not that prices were going down. It's the rate of increases on those prices were going down.

JASON: Right. Why do we accept 2 percent inflation every year? I've heard that my whole life. Oh, the Fed projects 2 percent inflation. That's their target.

STU: Target. Yeah.

GLENN: Why. Why? Would we target our money being worth 2 percent less every year?

That doesn't seem like a good deal.

STU: Yeah. You've always talked about that.

Inertia of money.

And trying to get the dollars flowing.

Which seems to be their motivation on that.

If they were able to hit those numbers. It would probably not be all that damaging.

You would sure have a little bit of money wasting away every year.

Which is not good.

But it wouldn't that be dramatic.

GLENN: Well, we got close. Under Biden it was 9 percent.

STU: Yeah. That was good.

GLENN: Nine.

STU: Then we were like, nine. Six. Four.

Three. We've succeeded! Well, no. Wait. The 9 percent increase, that stayed. And then we built another 3 percent on top of that, and a 6 percent on top of that.

GLENN: Yeah.

STU: It keeps going up and up and up. Did you see, by any chance, hopefully you didn't on Thanksgiving weekend. There was a chart tweeted by Amy Klobuchar. Did you see this by any chance?

GLENN: No. I missed the Thanksgiving I should have prayed for Thanksgiving on that. But go ahead.

STU: It was such a -- it was so moronic, that it actually was kind of a holiday gift to all of us.

She tweeted this chart of energy prices skyrocketing.

And she's like, these prices are skyrocketing under President Trump.

I can't believe this happen.

And it is -- it is pretty much a straight-up line.

The issue is, it went back to like 2020. And shows that all of the increases happened under Joe Biden.

GLENN: Jeez.

STU: They just kind of continued to increase.

And it wasn't even a pricing chart. It was how many people are behind on their energy bill.

Which is still skyrocketing. But almost all of this happened during the president that she passionately supported, up until he seemingly keeled over in the middle of a debate.

So, you know, not -- not necessarily the way to go if you're Amy Klobuchar. We kind of accept all of this. We accept the prices going up.

The DARK TRUTH about Maduro and Venezuelan cartels

Venezuela is NOT just a narco state. It’s a TERROR HUB working with Iran, Russia, and China. Glenn Beck's head researcher, Jason Buttrill, joins to explain how he believes this has influenced President Trump's actions in the region.

Transcript

Below is a rush transcript that may contain errors

GLENN: Jason Buttrill. Welcome. Chief researcher of the program. Also, watches foreign affairs for us. And military tough.

What the hell is happening in Venezuela?

JASON: I think a lot of gamesmanship is happening in Venezuela right now, closing the -- you know, the air traffic control. Even saying -- or even hinting that they will closing that, it's pretty much just saying, that they don't want any of Maduro's people that are going to try to escape out of the country. People that are involved with the cartel. The sons. None of them are going to try to escape. And then eventually come back. So they can start the regime back up again. I don't think there's any way possible. That we're just about to start any kind of land operations inside of Venezuela.

I could be wrong.

I don't think -- it would be very unpopular.

And I think constitutionally, they could pull it off.

I think there's ways they could do that.

But I don't think he's -- he doesn't like to do that kind of thing.

I don't think he's about to start now.

But I think these negotiations are getting a lot more heated. I think they're actually starting to bear fruit, which is why some of the threats are getting a lot more vocal.

And I'm telling you, Glenn, we actually could see Maduro step down, be out of the country, and a new regime there without us having to do much at all, except striking some of these narco boats coming out of the country. It could happen! And it would be amazing.

STU: Okay. So let's start with the narco boats. Because I think that's what the Democrats are now trying to allude to.

These narco boats. They're not narcos. They're not running -- those are just average fishing people. They have nothing to do with it, and this is unconstitutional. And we're shooting them, even when they try to surrender. Do we know if any of those allegations are true?

JASON: Well, I think they're pretty danger sure on the intelligence, on what, who some of these people are, on some of these vessels. You remember back --

GLENN: Why won't they tell us?

JASON: On day one -- I think, that that would actually behoove them to give the full story. The America public is a lot more smart, a lot more educated on what's going on in a lot of these things. They're a lot more prone to research on their own and find out for themselves what's actually happening in Venezuela. We've talked about it a lot with the terrorism sponsorship, that happens there between Hezbollah. A multitude of very scary terrorist individuals have made that kind of their base. Through Iran. Through the entire network.

GLENN: Right.

JASON: I think it makes a whole lot of sense for them, to say, look, this is what is going on. But they decided to go another route.

And I really don't know. I know they are very, very justified in what they're doing with a lot of these votes. And they -- they talked about since day one, when they started designating multiple groups, not only in Venezuela but in Mexico. I think on day one of President Trump's administration.

It designated multiple cartels as terror organizations. And then a couple of more from Venezuela have followed on to that. So what you've basically done is declared any combatants.

GLENN: Okay. I want to get to the terror organizations here in a second. First, let's stick with the drug cartels.

Because that's what he's hanging his hat on.

And I don't think this is about the drug cartels. I really don't.

I think that that might have been the entry point.

Explain who the -- the league of the sons. Or the cartel of the sons.

Explain that. Because -- Cartel of the Suns. You think, you know, S-U-N, sun. It's not. It's S-O-N-S. Correct?

Sons. Sons of, whom?

JASON: No, it's actually the opposite. It's S-U-N. It's Cartel of the Sun.

GLENN: Oh, that's right. That's right. Because of the medallion or the general stars. That's right. That's right.

JASON: It's like a nickname. So they never actually declared themselves, we're the cartel of the suns. That was a nickname because so many people, high level within the military inside of Venezuela were part of this narco terror group, and they were getting kickbacks. It was alleged some of them were giving orders, specifically. All the way down the food chain.

But their generals. I think it's maybe colonel and up. Or maybe general and up.

I think it's general and up. Instead of stars, they have a little sun insignia.

So like three sons. Like a three-star general, so on and so forth. That's why they're given this nickname. Because they were part of this group, and they were part of the military.

Now, the head of that snake was Maduro.

So he gives that orders down to the generals. The generals give their orders down. So that's how they're able to classify the entire government in a sense as part of this cartel.

Part of this entire terror group. And that is where, Glenn, it gets kind of interesting. Where it looks like, constitutionally, what can they pull off.

What can they do as far as military action?

When the head of the snake, who is the head of this cartel allegedly is the one giving these orders, then that really kind of frees them up to do whatever they want.

STU: Right. Because this is -- this cartel is a terror cartel. Explain the island and everything else.

JASON: Yeah, so the cartel is more involved with drugs. But I say that. But, you know, these groups are absolutely in the true sense of the definition, terror organizations, the way they operate.

STU: Right. This is -- this is -- this is where they make their money.

GLENN: Right. And then, but it goes way beyond that, as you're talking about. There's margarita island. An island right off the coast of Venezuela.

Where Iran sends people to be trained there, to be stationed there.

Venezuelans come down from groups like Tren de Aragua and others to train there. Sometimes going from Margarita Island all the way back to Iran, to get more specialized training. Then they come back. Who knows where they go from there? Possibly the United States. Who knows!

They've held meetings. Secret meetings, inside Venezuela, with the top scariest of the scaries. Scariest terrorists to meet with Chavez. And then who knows later, potentially even Maduro.

This is a terror hub. This is also a terror hub, that is -- which I just described is working with Iran.

But also, Russia. Russia sends submarines to -- to guard -- they did this back in 2018. To show support. Military support for Maduro.

China is getting -- is funding a lot of their stuff through oil.

Russia is sending tankers to transport Chinese Venezuelan oil to China.

Glenn, it's all part of the network. And as you're talking about, this goes way beyond. Way beyond anything where you talk about nacro groups coming from Venezuela to the United States.

It is so much more integrated into that. And I agree with you. I think the Trump administration lays it out on the table. Saying, this is what is going on. Congress wouldn't even be able to talk to the Democrats.

They wouldn't even be able to counter any of it. It would be so obvious, they should just do it.

GLENN: I agree. Help me out on the -- on the story that came out this weekend, that said that Russia and China are kind of laying low here.

What does that tell you?

JASON: It tells you a lot for one. Russia has a multitude of problems that they're dealing with. They can't release Glenn's support. They don't have it. They don't even have the military power to complete what they want to complete with Ukraine.

Plus, they're trying to make moves towards this peace agreement.

Putin wants a way out of this war, just as much as Zelinsky does.

Both sides want it. Now the question is, how do they do it? And both make it look to their own people, that they're the ones that won the war. And won the negotiation.

I mean, everything that's been coming out with the Ukrainian peace deal. I see this as just regular negotiations. This is getting leaked.

And you'll see a lot more of this, as it goes on.

The important thing, they're actually working toward it. And China. China as well. They have their own problems.

Most of it trade. They won't screw with trump.

That was very obvious. When they tried to pull out their last minute. We're barring rare earth minerals from everyone else.

Then Trump said, oh, I don't think so. And made them pull back. They don't want to screw with the Trump administration right now.

So they're going very hands off.

To me, it looks like a master class with the Trump administration. They're doing everything it's supposed to do.

And it's all going in the direction, the grand design for where they want this to go.

Which is kind of like a rebirth of the Monroe Doctrine if you really think about it. they've rejected all foreign influence.

The most worst of our adversaries that are out there, that are just embedded in South America.

They are dealing with that.

We haven't been able to say that for how long, Glenn? A long time!

STU: I know. I know.

Okay. So let me go to the -- the next piece. Which is, he's just banned air travel. And said, the skies are off-limits for everybody. You say that's for, to stop anybody from escaping. Maduro was just presented with a, hey. You can get out now while you can.

And Maduro said, I want amnesty for me and my family. For any crimes.

And I want to retain control of the military.

I would imagine that Trump might have said. Might have said, yes to the amnesty thing. But you're not controlling the military after -- no. That doesn't go to you.

Do you think Maduro is close to caving here?

And if so, where does he go?

JASON: Yeah. I think he's very close to caving. He probably will go to Russia or China. One of those two.

He has quite the nest egg.

You can look up all the family members from either Maduro or Chavez. Going on. I mean, they're multi-millionaires, a lot of these kids and spouses and girlfriends.

GLENN: How is that possible? He was a bus driver!
JASON: I know, right!
GLENN: Socialism is neat, kids. Socialism is neat!

JASON: But, yeah. I think -- I think amnesty is probably the top of his list, and I'm sure that that would probably be offered up and given, in some form. Retaining power of the military is not on the table at all. Because what he'll end up doing is, he'll go away for five years.

He'll come back, or he'll pick a successor that will then take control of the Venezuelan military, and they will just rinse and repeat and take back control of the entire country. So that is not going to happen.

But his feet are definitely to the fire right now.

If they're even to the point of negotiating this part of the deal. So that's why I think it's very, very possible that we see something amazing on this front, very, very soon.

GLENN: Oh, that would be great.

Let me -- let me switch topics kind of. To Mark Kelly. I want to play something. Then I want to take a one-minute break.

And come back. As a military guy, what your thoughts are. This is what Mark Kelly. Again, this weekend, encouraging military to defy the orders of the president. Listen to this, cut one.

VOICE: People can tell the difference. Should be able to tell the difference between something that is unlawful. And something that is lawful.

If I was ever given an unlawful order, I would refuse. You know, if you have time, you can certainly go to the judge, advocates, generals, the lawyers, and have a discussion about it. If you don't have time, you just say simply, I'm not going to do that. That's against the law.

VOICE: It puts a lot of burden on the truth.

VOICE: It puts a tremendous amount of burden on officers in the military.

But that is their responsibility.

And they can figure out, you know, a reasonable person can tell something that is legal, and something that is illegal.

GLENN: This is such dangerous territory, and I would love to get your opinion on that in sixty seconds.

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Ten seconds.
(music)
All righty.

So, Jason, if they thought that something was going on, they should just say it. And they have come out and said, they've had reporters ask, well, is this because we've heard rumors. That he ordered people to be killed. Even as they were surrendering. And if that is true, that is against the law. That is not something we do.

We don't do that. But there's no evidence of that. There's just -- it's their word. And I think, you know, again, if that's true, they should say that. And they should present evidence.

But I think what they're doing is saying these things, and putting their soldiers in an impossible situation.

What they're really saying is, you know, we're going to get in, and when we have control of Congress, we're going after all of you. You followed what Donald Trump wants to do? We'll tell you what's legal and what's not legal.

You should define it now.

But this way, they don't have to. They can just use scare tactics. Is that too cynical?

VOICE: No. The United States' soldier does not need your opinion on this, Mr. Kelly. They do not need your opinion on this. They know exactly what a lawful order is.

And there are procedures that they are trained on, on how to go through saying, you know, go through the proper channels to address something like that.

What I see this as being is a political party. In whole, that are experiencing something they're not used to.

They're not used to having extreme partisans and political yes men at the top of the military food chain, people like Lloyd Austin.

They want someone like him back.

They want someone like Mark Milley back.

It's great you're suddenly worried about some of these guys.

Suddenly worried about the military.

Where were you when Mark Milley was calling his counterpart from China. Without orders from the president. Behind his back. Where were you on that?

So what that says to me here, is that you are more concerned about orders, not lawful. But what you can claim are going to be lawful.

And you can have a yes-man there, that will say that they are lawful.

But you do not have that anymore, and it terrifies you. That's what they're concerned about right here.

But the soldier does not need your soldier, marine, airman. They don't need your counsel here on what is lawful or not.

GLENN: So how is this being interpreted by the military?

What's happening? If you were -- you were part of this task force on Venezuela or anywhere in the world. And you heard this.

What would you think?

JASON: Probably a lot of eye rolls. That's how I would interpret this, if I was still in the military.

I don't think this is really bothering too many of them at all.

I think that the fact that some of these rumors as the senators said, if this were true.

They don't even know. They're talking about a hypothetical.

They're throwing out something they can fish around for another impeachment.

It's ridiculous.

It's embarrassing. It's come to this point.

GLENN: Let's say we -- if we had footage. Because we would have footage.

The plane dropped a bomb. And then you had survivors.

And they were going, hey, we're alive. And somebody shot them or killed them. We would have footage of that.

That footage came out. What would you say?

JASON: Well, yeah. If that's what the footage showed. They would definitely look for a lot more investigation. I've been in -- you know, in multiple different military operations.

Where it's never as it appeared, or it looked like on a report, higher up on the food -- you know, up the chain of command.

I would want to know all the details. This would be a huge investigation.

GLENN: Right. It should be.

Because if it was someone saying, shoot them anyway, that's wrong. And that person should go to jail.

JASON: Yeah. Yeah, we've seen no evidence to that at all.

GLENN: None. None. None.

That's the problem. We would be with you, if you would show us the evidence.

And we could do an investigation. We would show that did happen or that didn't happen. We would be with you. But, you know, you're being so irresponsible by saying this. This isn't just to the military and to the military people.

Those statements are going to our enemies in China and Russia and Ukraine and Iran, in Venezuela. They're hearing this too, and using it. And also viewing us as very weak! Not good.

Because the only time that ever happens is right before a revolution, quite honestly.

What you WEREN’T TOLD about the National Guard ambush

National Guard members Sarah Beckstrom and Andrew Wolfe were recently ambushed in Washington, DC, by an Afghan national brought to the US as part of President Biden’s Operation Allies Welcome. What’s the truth about this horrific event? Glenn Beck, who worked with his charity, Mercury One, to properly vet and evacuate many Afghans during the botched withdrawal, explains what almost no one in the government or media will tell you…

Transcript

Below is a rush transcript that may contain errors

GLENN: So we clearly have a problem with some of the people that have been airlifted into the United States.

And I want to clarify a couple of things.

Because we airlifted people. You did. With your support.

We did it, at Mercury One.

And I want to make sure that you understand what happened there, and where our people, that we airlifted, where they are.

But first, let me say this. What we're seeing experience here is a story that almost no one in Washington wants to say out loud. And it begins with the people. But it -- it begins with the people that are responsible for failure, and that's -- that's our leadership here in America. A failure of honesty, a failure of courage the whole time.

When Kabul fell back in 2021, we rushed in to do what Americans always do, and that's help people out. We run to save. We ran to keep our word, and God bless every soldier and airman and Marine and volunteer who risk everything to rescue the men and women who stood for us, for 20 long years.

But here's the part that nobody prints. We didn't just evacuate our allies. We did. But the United States government evacuated anyone they could grab. In the chaos. Because chaos is the oldest enemy of truth. We opened up floodgates.

Tens of thousands of people, we didn't know. Nobody really vetted. Nobody could verify.

Nobody could fully account for. Even today, we don't know where they are.

That's not xenophobia. That's not fear-mongering. That's the Department of Homeland Security's own inspector saying that. Quote, we don't know who many of these people are. End quote.

This is something that while we're doing it, our vetting is much better than the United States of America.

They're bringing in people they don't know who they are.

Now, think of the weight of the sentence. Came from the inspector general. We don't know who many of these individuals are.

Think about the histories of nations, who forgot the simple duty of understanding who they bring inside the gates.

When that happens, the country is over. Rome did it. The Byzantine empire did it. Europe did it, before the migrant crisis, and now in 2021, we did it as well. And we knew this. We've been talking about it on this program, forever!

Now, inside of our temporary bases, Fort McCoy, Fort Bliss, Quantico, even our own FBI and military police documented things that the media just dusted off.

Eh, don't worry about it. We showed you at the time, sexual assaults that were happening in these temporary bases. Sexual assaults. Domestic abuse. Attempted strangulation. US service women harassed and followed into showers. Did we do anything about it?

These were not rumors. These were not internet stories. They were actual federal charges. Did anybody say anything about them?

Meanwhile, police departments. Virginia, California. Texas. Places with the largest Afghani arrivals began reporting the same exact pattern. Domestic violence, forced marriage concerns. Child protection cases. Cultural classes. And our law enforcement had to deal with them.

And did anybody in the media say anything about it?

No. Why?

You were bigoted if you said anything about it. Here's what happened. Our government took a lot of people from a tribal system.

Patriarchal. War-torn. No skills. No -- imagine going from Afghanistan to Chicago! How do you survive in that? How do you survive in that? Now, that's not the fault of the families. That's the fault of the federal government. A government that through them and us, into a social experiment overnight. Without even thinking about it, talking about it. Accept it.

Some of the people that are paroled into the United States, had ties to the Taliban, ISIS-K, or another, or several other. Terrorist organizations. That's not speculation. That has been confirmed by our own DOD. DHS. And congressional testimony.

We've known this for a very long time.

You know, when the Pentagon warns you, that that person should probably not be in the United States.

I don't know. Maybe we should listen to them. And maybe we should be concerned about a DHS, or a State Department that waves them in anyway. That's not compassion. That's dereliction of duty, period. Period.

Now, add to this, the humanitarian parole system. Meant for rare, urgent cases. It was a revolving door. You -- where are all these refugees from?

I'm not talking about the Afghanis. I'm talking about all the other people that have gone to Europe. That have gone to the United States.

That are swamping countries in the West. Where are they coming from?

Really? There's that big of a -- this is a bigger refugee problem than we've had in World War II. How is that possible. Know

We can't confirm anybody as identity. It doesn't seem that we care. Asylum. Family reunification request. Exploded. Some valid. Some of them unprovable. Some of them just out and out lies, that we knew were lies.

So what happened?

Our cities become strained. Our cities go into disorder. They start stealing from us. Look at Minneapolis.

Here's the biggest strain. The biggest strain on us, is the truth.

Is honesty.

It takes courage to say what actually happened.

But, you know, we're not living in a time of courage. We're living in a time where people saying the truth. You know, you acknowledge reality. And you get labeled.

You notice patterns. Oh, my gosh. You're silenced.

You ask responsible questions, you're accused of bigotry.

Truth doesn't care about the labels. It just sits there.

It just waits for somebody to show up and go, you know. That's the truth. I'm going to have to say it. So let's say it!

Here's the truth: America owes a sacred debt to anybody we promised.

Anybody who was fighting with them, we should protect them. We should honor them. We should welcome them. But that's not what happened. That's not what happened. We didn't perform a moral rescue as a government. We performed a political evacuation.

And I was there, so I know it.

You know, somebody posted kind of a snarky tweet at me, because I spoke at our gala here a couple of weeks ago. And I talked about what the State Department was doing. And I said, you know, it's time to understand how evil the State Department really was during that evacuation. Our people were vetted.

And we didn't bring people into the United States.

We brought people to the UAE. A lot of people went to Australia, a lot of people -- and I said, sat on the tarmac, forever!

Forever!

Because the State Department was shutting town and saying, we can't verify any of these people.

We can verify who these people were.

We knew who these people were.

Most of the people who we brought out, we can show you their baptismal certificate. Because that was part of our vetting. Are you a Christian?

Really? When were you baptized? Who baptized you? What church did you belong to?

Because we knew you were under the gun. Now, if you were like, yeah, I was just baptized three weeks ago. You didn't get on one of our planes, unless the State Department insisted you get on one of our planes. That's what I was saying on this video, that we just reposted. I was saying in the video. Did you know the compromise that they forced to us take.

You want to save these Christians. You have to save these people. You have to put those people on first.

We don't know who those people are. I don't know who those people are.

And those are were the ones that came to America.

We gambled with the future of these Afghani families. Because we just threw them in.

Just throw them in!

They'll be fine!

We threw them into a system not based on reality, of any sort.

We threw them in, without vetting them!

Meanwhile, we would not take the Christians. Hmm. I want you to know, we should not be attacking anybody, except honestly, condemning our government. Because it refuses to tell the truth on what it did and what it failed to do. The mark of a nation that is in decline isn't -- isn't who it lets in.

A mark of the nation in decline is whether it can confess. It can admit to its own mistakes, talk about the truth and the consequences. And today, Congress is whispering. The media is hiding.
Did you read any of the stories?

Hopefully, you didn't. Hopefully you just had a great time on vacation and the holiday.

But I did. My team did. Did you read the stuff from the New York Times?

They still can't admit the truth. They don't even know what the truth is.

I'm still here waiting for the courage of any adult to stand up. A great nation can welcome the stranger. But a dying nation loses the wisdom to ask who this is stranger?

And that -- that -- that gate we passed long ago.

The question is: Do you want to be a dying nation or not? I don't. I don't.

We can't afford to be a dying nation. The world can't afford us to die. So what do we do about it?

Well, the first step is defending your home. And the first step in defending your home is knowing who is inside your home.

And I will show you how we that do quite easily, in a second.

GLENN: Okay.

Tomorrow is Giving Tuesday, by the way. The largest single day of global generosity in the entire year. We have a goal of Mercury One for hurricanes and all kinds of other things we do. $300,000 to our maximum impact fund.

We would like this to make the biggest giving Tuesday Mercury One has ever had. The Maximum Impact Fund allows to us move before we have the money. I come on, and I say, hey. There's a tornado or whatever.

We need to raise that money. But by the time we can get that money from you into the bank, it's maybe, two, three, four days later. We would like to be there when it actually happens. This gives us the leeway of being able to move quickly.

So if you can -- if you can give, whether it's a dollar, $5. Whatever you can give. Whatever you can give.

It gives us. At a moment's notice. The ability to move during a crisis. 100 percent of it, if you don't count the credit card fees. 100 percent of it goes down range. So it goes right directly to what it is, you're trying to solve and help people. We don't pull anything off of the top. That's tomorrow and today. You can give at MercuryOne.org. MercuryOne.org. Give your tax deductible Tuesday gift, MercuryOne.org.

Okay. So first thing is first.

You've got to draw a line in the sand. And here's the word that every -- shuts every conversation down.

It's a word wielded like a club.

And it's to not illuminate anything. It's to silence.

And here's the word. Islamophobia. You say anything about the rising violence in Europe. The honor killings.

The grooming gangs. The refugees, who are not refugees at all. But sleeper cells.

Examine suddenly, you're a bigot. This isn't about bigotry. This is the first line you have to cross.

This is about civilization.

So let's draw the line between faith and ideology.

Because on Islam is a religion. Practiced by a billion people. It contains families that I've met, I know. Doctors I trust. Soldiers who fight beside Americans. Millions of peaceful, devout people who just want what you and I want, to raise their children in peace. But Islamism, an Islamist is not a Muslim. This is something entirely different.

Islamism is not a religion. It is a totalitarian system that wraps itself inside of the language. The way Mark wraps tyranny with equality. Okay? Hitler wrapped conquest with national destiny.

Islamism is Communism with a crescent moon. Islamism is fascism in a mosque, and it has absolutely zero intent of co-existing with the West. It comes not to blend in, but to rule. And if you doubt me, ask the women in Iran. If you doubt me, ask the socialists that helped the Islamic revolution in the 1970s. Ask me what happened to them! Because all of them lost their heads. Ask the Christians of Nigeria. Ask the families in Paris and Berlin and London, who are now living under police patrols, because their leaders were too afraid to speak plainly.

You know, we love to open our arms. That's fine. America always does that. But you must. When you open your arms, keep your eyes open as well!

A refugee seeking freedom is a blessing. A refugee seeking a

CARLY: Is a Trojan horse. And we have every moral right.

Every moral duty. To know the difference!

It's not about hating anybody.

I don't hate anybody.

I hate those who want to destroy us.

Want to kill my family.

Want to enslave me under some sort of religion.

Yeah. I do hate those people.

But this is about loving civilization that gave the world dignity of the individual, the rights of women.

Yeah, it was. Not -- not a caliphate.
The protection of minorities. Not a caliphate, us. The freedom to speak and worship. Or not worship. If defending those values makes me or you controversial, then, wow. Controversy is a very small price to pay. Don't you think? Because the alternative is, oh, I don't know. What's happening in Europe.

The alternative is silence! And silence in history is always the first sign of collapse. So the first thing we have to do is choose speech!

Choose truth. Choose civilization.

Black Friday used to be a WARNING...

Before the door-buster deals and stampedes, “Black Friday” meant total financial panic (gold crashing, markets collapsing). Then in the 1950s, Philadelphia cops reused the term because the day-after-Thanksgiving chaos felt like the end of civilization. But the real twist? FDR moved Thanksgiving itself in 1939 just to give retailers an extra week of Christmas shopping — dividing the country until Congress finally caved in 1941. So, what started as a sacred day of survival and gratitude got permanently hijacked by Washington and big business.