RADIOFebruary 20, 2023

Will THIS financial move from China DESTROY the U.S. dollar?

In 2022, central banks around the world bought a RECORD amount of gold. And, China was one of those powerhouses: ‘For the first time since 2019, they announced they had increased their purchases of gold in November. And now there has been three consecutive months of them buying gold,’ Glenn’s ‘favorite’ financial advisor, Carol Roth, explains. So why is this happening? Roth predicts the CCP is trying to send signals that relate to a ‘new financial world order.’ In this clip, Roth and Glenn discuss the disastrous consequences this could have for the U.S. dollar…

Transcript

Below is a rush transcript that may contain errors

GLENN: Carol Roth is with us. And Carol Roth is -- she's my -- my favorite adviser on anything the economy. Because she's a former investment banker.

So she understands it at the higher level. And then she realizes, wow. I think all of these people might be in league with Satan. My words, not hers.

But she got out of that. And now she's trying to help the average person. She wrote the war on small business. And she has a new book coming out. We'll talk about here in a second.

Carol, welcome.

CAROL: Thank you, Glenn. Very feisty for a Monday morning. And somebody who went to school in Philadelphia. They do have a really repugnant fan base. So it's somewhat hard to root for them.

GLENN: Yeah. It is. The game hadn't even started, and they were tipping cars over. I mean, they just -- and there's -- to have a fan base, that wants to burn your city to the ground, there's no city better than Philadelphia. To burn down to the ground.

So I'm just saying. Might want to have a fire hydrant near some of the historic places. But the rest of it, eh. Pretty much can go.

Carol, we were talking last week, about what's happening with China. And I know you have been watching the gold reserves from the central banks. Because it's kind of a tip-off, you know, my grandfather used to say.

If we only knew what the rich were doing, before the depression. We could have done that, ourselves.

And so we're watching all those things.

And the rich of the rich, the central banks, seem to be buying a lot of gold.

Except for us.

CAROL: To be fair, we -- we -- and, again, this is all supposed. This is based on what's reported. Who knows what is actually true. Whether it's us or China. But central banks around the world have bought a record amount of gold in 2022. A --

GLENN: Why? Why?

Hang on just a second, Carol. I'm just -- is there a God? As soon as she starts to give me the information, the -- the connection goes. Should we reconnect?

Do you want to reconnect real quick?

Can we do that? Let's reconnect, Carol. Your -- your feed is really bad all of a sudden.

So reconnect, so we can actually understand what she's saying. But don't worry, it's probably nothing important. It's just collapse of the dollar stuff.

So that can wait.

Oh, golly. Okay. You get her reconnected.

Let me see.

Let me -- while we're waiting. Would you just play cut three. This is -- this is one of our generals at the Pentagon this weekend. Which I thought was great.

VOICE: Have you ruled out aliens or extraterrestrials? And if so, why? Because that is what everyone is asking us right now.

VOICE: Thanks for the quelling. I'll let the Intel community and the counterintelligence community figure it out. I haven't ruled out anything at this point. We continue to assess every threat -- potential threat, unknown, that approaches North America, with an attempt to identify it.

GLENN: Uh-huh.

So that's a serious general, being asked by a serious, I guess journalist. Because that's what everybody is asking her.

No. Everybody is asking, is it aliens?

Oh, my gosh. All right. Carol, you're back?

CAROL: I am back. I think it was the Chinese spy balloon, that got in my connection.

We were talking about China buying gold. And they obviously didn't want you to have this information.

GLENN: Now we're safe, we're a land line.

So we have some of those old-timey things here.

Carol, tell me what's happening with China buying up the gold.

CAROL: Yeah, so Central Banks around the world. Record year last year. 2022, 1136 tons of gold. The interesting data point was China.

For the first time since 2019, they announced that they had increased their purchases. Their net holdings of gold in November.

And now there's been three consecutive months of them buying gold.

And I really believe, that this is meant as a signal, that could be one of a couple of signals. But they all boil down to signals that relate to a new financial world order.

GLENN: Hmm. Hmm.

Would you do me a favor?

CAROL: Yes.

GLENN: I don't mean to put you on a spot, but could you explain how -- this is so out of your wheelhouse. And it's going to come out of left field. Can you explain how electricity is made?

CAROL: I'm the daughter of an electrician. And you're going to put me on the spot, in terms of how electricity is made.

GLENN: Right.

CAROL: But obviously, we do know it's powered by all different sorts of fuels, including particularly in the United States and other places around the world.

GLENN: But what do the fossil -- you burn the fossil fuels to move a turbine, right?

And the turbine is moving, and it's moving, you know, around copper wires. And the copper wires, that is actually inside a magnet. So without magnets, you cannot make electricity, okay?

CAROL: Correct.

GLENN: All right. Would you do me a favor?

CAROL: Yes. I believe there's two -- there's two particles. Or whatever of -- minerals, or whatever.

That make magnets.

There's two different materials, that make a magnet.

I believe that like 100 percent of one of those, comes from Russia.

And 100 percent of the other one, comes from China.

And I have read, but I want you to look into this.

I just read this weekend, that both of those countries, just signed an agreement, that they are working together now.

On the magnets.

And that this is going to be another source of like gold for them.

That they will trade, based on -- on those materials as well.

Could you --

CAROL: All right. I don't know about magnets as a hard asset yet.

GLENN: No. I know. I know.

But the only reason why I would bring this up, is because, when you look at what was being done to our electricity, all over.

And you look how we are just -- we're being torched all over the country.

And all over the world.

Things to make electricity, are going to become much more valuable, and I'm -- I don't even care if it's backing up their money.

I want to know if it's true, that they are the main source for all magnets. And if they just did an agreement between each other. That they're working together, on magnets.

CAROL: Yeah. What I can tell you, is that there are a whole slew of commodities, that, you know, need to be dug up from the earth, that, you know, these green energy folks are relying on, for electricity. And, you know, for these other components, that they have.

That, you know, are not only heavily available in China and Russia.

But also, all of the countries, where China has been investing through its Belt and Road initiatives.

So it would not be surprising, that this would be one of many of them.

But do we want to go back to the gold piece?

GLENN: Yes. Yes. Sorry. Sorry. Sorry.

CAROL: No worries. No, this is important stuff.

And I think it's all related. Basically, you know, we really have to blame the government and the Federal Reserve.

We have had the privilege of King dollar being the world's reserve currency. And, you know, not to say that it doesn't have downsides. One of the downsides is that you have to manage the dollar for competing interests.

To benefit the people in the US. As well as global stability.

Our fed and governments have managed to do neither.

We have eroded purchasing power in the US. And we have not had global stability.

So looking at China announcing, okay. We're signaling, that we are increasing our reserves, could very well be a signal, to say, we're trying to, you know -- enhance the -- the natural death of King dollar that the US is putting forth. And they have been talking to all kinds of different countries, about, you know, settling in their currency, the yuan. Which given the fact that they're a communist country, people aren't really excited about.

But if they can then say, well, we can do swap that for gold. We're increasing our gold. That might give more stability through their currency.

On the other hand, it could be a signal, sailing, we're getting ready to invade Taiwan. Because if you look at what happened with Russia. Before they invaded Ukraine. They were shedding US Treasury securities. And they were stocking up on gold. Which is exactly what China is doing right now.

And, you know, so that could be a signal. But that relates back to a New World Order, as well.

From a financial standpoint. Because we have never had a changing of the financial guard. Without a war proceeding it.

So, you know, those two things are somewhat interconnected.

With, you know, the dollar and, you know, kind of the US' global financial standing. Right in the middle of it.

GLENN: Are you following the balloon nonsense at all?

CAROL: I love balloons, so, of course, I'm following the balloon nonsense.

GLENN: Okay. So are you in Chicago now?

CAROL: So I actually am not. I'm in an undisclosed location where the spy balloon cannot get me.

GLENN: Right. Right. I understand that. So they shot one over the Great Lakes. They brought down three of these things.

CAROL: Right.

GLENN: And the Pentagon is like, well, we're not ruling out that that might be an alien ship from outer space.

And you're like, what?

I mean, this is so ridiculous. What!

And I'm just trying to think, what would the advantage be, for China, if it indeed was a Chinese balloon.

To keep sending these things. That wouldn't make sense, would it? To you?

CAROL: I mean, listen, I am a financial person. I'm not a foreign policy person. So my interpretation of this, may make no sense.

But it does seem, you know, a test. You know, how strong is this the US going to react, when we push them, when we look at this administration?

You know, how far can we push the envelope, without them pushing back?

GLENN: So that is the -- that is the -- the idea. And I mean, all of a sudden, we're tough guys on balloons.

I mean, don't blow one up for your kid's birthday party because it might come under attack.

But the -- every --

CAROL: And they're made in China, so they may not be great.

GLENN: Right. You know, everything that is being done now, is to fight a war. At least a financial war.

And I just -- I don't see this going -- you know, we had -- not great relationships with China. Under Donald Trump.

But they were better than this. And this -- this is just not going well. And I -- I would rather not be on the receiving end of balloons, for my party.

From Russia, and China.

At the same time.

CAROL: Yeah. No. It's not a good scenario, and whether that war plays out, you know, purely on a financial basis, where you get these different blocks, that decide to do trade in a different way.

You know, Saudi Arabia, started signaling, that they are open to settling oil. And currencies. Other than the dollar.

We weaponize the dollar, obviously. Against Russia.

GLENN: Right.

CAROL: During the Ukraine. So it could be financial.

You know, God forbid, it could end up having some more physical, actual war components.

But all of these things, you know, speak to the deteriorating strength of the US, you know, in general, and as a financial of power house. And I think that's the concern for your listeners in terms of protecting your assets. Because the US dollar is not what it used to be.

GLENN: Carol Roth, she's the author of a brand-new book called You Will Own Nothing. We're showing the cover of it. When does it come out, Carol?

CAROL: Oh, the release. So this is the first time the cover has ever been seen. So a little sneak peek for the Glenn Beck folks.

It comes out May 9th. If you go to CarolRoth.com/Glenn, you can leave your email, and I'll send you more information as that becomes more available.

But we're talking about all these new financial world order things, and how you can fight back. That's the crux of it.

GLENN: That's fantastic. Thank you so much, Carol. Appreciate it. You will own nothing. Make sure you grab your copy, and preorder now.

Because I have a feeling, it is going to be big. Thanks, Carol.

THE GLENN BECK PODCAST

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Deep State NGO CAUGHT trying to restart opium trade in Taliban-run Afghanistan

Was an NGO with deep government ties trying to RESTART the opium trade in Taliban-run Afghanistan while former Taliban members were on its payroll...only to be caught DESTROYING the evidence?! The State Department's Under Secretary for Public Diplomacy Darren Beattie joins Glenn Beck to expose what he found when he was made Acting President of the United States Institute of Peace. Plus, he debunks ProPublica’s claim that DOGE “targeted” an “Afghan scholar who fled the Taliban.”

Transcript

Below is a rush transcript that may contain errors

GLENN: Darren, welcome to the program. How are you? Darren, are you there? Is he there?

STU: Hmm.

GLENN: Okay. Check if he's there. Is he? Dick Cheney. Dick Cheney.

STU: Trying to shut him down. They don't want peace. They don't want peace.

GLENN: They don't. They don't.

He is -- he is a big-time anti-globalist. I've got to tell you, what we're doing with the State Department. I absolutely love. The State Department has been a big problem for this country for a very long time. It's what's gotten us into these global wars. These endless wars, and everything he is.

And, I mean, I don't know what happened to Marco rube, but he is tremendous.

And the way president Trump is appointing different people like Darren, it's fantastic. Darren, are you there? Darren.

STU: Something must be wrong with the lines. Because we are talking to him offline on the phone here. And it does seem to be working, but not coming through our broadcast board here for whatever reason.

GLENN: Well, let's see if we can get that fixed, and maybe let me just talk here for five, six minutes on something else. Then we'll take a break and come back and see if we can get him.

There's something else that I really want to talk about. And that is this flag-burning thing. Now, it's not an amendment.

This is something that the president is putting up in an executive order and has very little teeth to it.

But I -- I -- look, I understand. As a guy putting an enormous flagpole up at my house today.

I mean, an enormous flagpole.

I love the flag. I love it!

And there are a few things that make me more angry than see somebody you set our flag on fire.

For a lot of people, that's a punch in the gut, especially our military people. And it has been planted on distant battlefields. It's raced after victory. Saluted in the morning, or should be in our schools and folded and given to the hands of grieving families. It feels like spitting on every sacrifice, that ever made this nation possible. And the argument against flag burning is really simple: It dishonors the idea of all of that. Okay?

And it defends millions of people, including me. It disrespects, I think the veterans that bled. The families who mourned. The dream that binds us together.

However, here's the hard truth: Symbols only mean something, in a land where freedom is alive.

If you outlaw the burning of a flag, the you have placed the cloth above the Constitution that it represents. You have made the flag an idol.

We don't worship idols. If you can only praise the flag and never protest it, it just stops being a symbol of freedom. And starts being an idol of obedience.

Now, that's the argument for allowing it. At least to me.

Because the real strength of a free nation is -- is to -- it's -- it's how we protect, not the speech we love, but how we endure the speech we hate!

And the Supreme Court has already ruled on this. And, you know, they -- the line they drew wasn't an easy one. Freedom of speech, stops where it directly -- directly insights violence. And that's it same thing, kind of, in this executive order.

You can burn the flag. But if I'm not mistaken, but if it incites violence, then you're in trouble.

And that's true. But the bar of inciting violence is so incredibly high. And it's -- it doesn't have anything to do with speech that offends. It's not speech that stirs anger. Not speech that wants you to punch the speaker in the mouth. It's speech only, that provokes imminent and specific violence.

And unless it's that be with the government doesn't have any right to -- to get into the business of silencing speech. Ever. Ever. Ever.

It is a hard line. And that standard is really hard. It's painfully hard.

Because what our citizenship requires, this is civics. What our citizenships require, is that we defend -- oh, I hate this.

We defend the right of your opponent to mock everything that we hold sacred.

Now, I want you to think of this. You can burn a Bible. You can burn the Word of God. But some want to make it illegal to burn a flag. Where are our priorities? You can burn the Constitution. The words that actually are the ones that stir us into action. But you can't burn a flag.

You can't burn a Koran. Can't burn them. Can't. Can't.

You will -- you will quickly come to a quick end, not legally. But you will come to a quick end. I don't ever want to be like that. Ever!

You burn a Bible. I think you're a monster. What is wrong with you? What is wrong with you?

But you have a right to do it. Why are we drawing a line around the flag? It -- the reason is -- is because we feel things so passionately. And that is really a good thing, to feel love of country so passionately. But then we have to temper that. My father used to tell me, that I think this country needs to hear over and over again, every day. My father -- we would talk to somebody. And we would walk away. And he would go, I so disagree with everything that man just said. But, Glenn, son, he would say. I will fight to the death for his right to say it. He used to say that to me all the time. Which now lees me to believe, I know where I've got my strong opinions from. Because dad apparently would disagree with a lot of people all the time.

But that was the essence of freedom. That is the essence of what sets us apart. Standing for universal, eternal rights like free speech. It's not easy. It means you have to take the size of those people that offend you. It means -- it doesn't mean you have to disagree with it. You can fight against it. You can argue back and forth.

But you -- can you tolerate the insults to the things that you love most. That is so hard, and that is why most of the world does not have freedom of speech. It's too hard! But our Founders believed people are better than that. Our citizens can rule themselves!

And the only way you can rule yourself is if you don't have limits on freedom of speech. So the question is, do we want to remain free? Or do we want to just feel good? It really is that simple. It's why no one else has freedom of speech. It's too hard! I think we're up to the task. Okay. Give me 60 seconds. And then we will try again.

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(music)
All right. Let me -- let me bring Darren in. Darren, are you there now?

DARREN: Yes!
GLENN: Oh, God. Thank goodness.
Thank you for putting up with us. I don't know what happened with the phone system. But, first of all, tell me what the US Institute of Peace is. I've never even heard of it.

DARREN: That is a fantastic question. And I'll try to give the abbreviated answer, because I know we don't have several hours.

GLENN: Good. I know.

DARREN: But US Institute of Peace is one of lesser known, but quite important member of the NGO archipelago, that was created in the '80s. It belongs to the same cohorts as national endowments for democracy.

GLENN: Oh.

DARREN: And some other -- some other better known NGOs that really in the broad context of things. In kind of the sweep of things, was created as a kind of reorganization of the government structure in the aftermath of the church type committee hearings that expose a lot of the dirty dealings of government agencies such as the CIA, and so sort of a broader response to that government lie was to create this NGO layer of governance, with an armed distant plausible deniability, a kind of chameleon character of not exactly being government, not exactly being private, in order to fulfill some of those more sensitive functions that had been exposed in the course of the church hearings.

And so US Institute of Peace is one of those NGOs that had particular focus on conflict regions. But, of course, as I think you -- you suggested earlier, peace requires at the very least, an asterisk. Because there involves a lot of things, that conventional, most American citizens would not think should belong as part of the portfolio of something calling itself an institute of peace.

GLENN: So what was the thing with the -- with this Taliban member that was getting money from us?

DARREN: Right. So this is an interesting case. So there's a whole saga of a takeover of the US institute of peace under -- under DOGE.

And that's really a fascinating story unto itself. Just to give you a sense of what these characters were like. They barricaded themselves in the offices.

They sabotaged the physical infrastructure of the building. There were reports of there being loaded guns within the offices.

GLENN: Wow!

DARREN: There was one, like, hostage situation where they held a security guard under basically kind of a false imprisonment type situation. It was extremely intense.

Far more so than the better known story of USAID. And in the course of all of that, they tried to delete a terabyte of data, of accounting information that would indicate what kind of stuff they were up to.

What kind of people they were paying. And in the course of that, DOGE found that one of the people on their payroll. Was this curious figure, who had a prominent role in the Taliban government. And then seemed to kind of play a bunch of angles across each other.

Sort of one of these sixer types in the middle of Afghanistan.

The question is, what the heck is an organization like this, having an individual, who is a former Taliban member on their payroll.

It underscores how incredibly bizarre the whole arrangement is. And to just reinforce that. I think even more bizarre than having this former Taliban guy on the payroll is the kind of schizophrenic posture exhibited by the chief -- one truly bizarre thing is that one of the US Institute of Peace's main kind of policy agendas was basically lamenting the fact that the opium trade had dissipated under Taliban leadership. They had multiple reports coming out, basically saying, this is horrible, that the opium trade is diminished under the Taliban. Meaning, finding some way to restore it. How bizarre is that!

GLENN: What was their thinking?

DARREN: Well, it's -- it's very strange, and it depends on what kind of rabbit holes you want to go down. But the whole story of opium and Afghanistan and its connection to, you know, government entities, is a -- is a very intricate and delicate and fascinating one. But it seems very clear that the US Institute of Peace was involved in that story to some degree because their public reports. They had a full-the time guy of basically lamenting the fact that the opium trade dissipated under the Taliban. And, meanwhile, they're funding this former Taliban guy.

GLENN: Unbelievable. Now, ProPublica got this. And you have released the statement on it. And ProPublica just completely white-washed this -- said this guy was a victim, and his family was taken hostage. Was his family ever taken hostage because he was exposed?

And correct the ProPublica story, would you?

DARREN: Yeah, I mean, the ProPublica thing, as usual and as expected was a total joke.

GLENN: Yes.

DARREN: I mean, this guy, I'm not an expert on this particular person's history. But what's very clear is he was a former Taliban guy, and he was probably one of these people, who was playing all sides, made a lot of enemies. I know that there were several kind of attempts on his life by the Taliban, in the course of various -- various decades.

This has nothing to do with -- with DOGE.

I mean, he's a known quantity in the region.

And somebody who has made a lot of enemies.

And he was not -- he was on the payroll of the US institute of peace.

And nobody is expecting something like that. So then, and, again, there's this sort of hostile takeover situation.

Where the people are barricading he themselves in. Trying to delete all this data.

And sure enough, what's in the data, is stuff like this.

These random former Taliban guy, making his contract with $130,000.

GLENN: You know, this is the -- this is the real Deep State stuff, that I think bothers people so much.

Look, we expect our CIA to do stuff, we don't necessarily want to do it. We expect it.

When it's in the State Department.

When every department is pushing out money to NGOs to overthrow governments and everything else.

It's out of control!

It's just completely out of control.

And who is overseeing all of that.

DARREN: That's a great question.

I think part of the NGO -- UCEF was almost a cutout of a cutout.

A fourth of its money came from USAID.

In many ways, it was a cutout of USAID. Which itself was a cutout.

So there are many layers of distance. Plausible deniability.

And UCEF, I think institutionally really perfected this chameleon structure of being able to plausibly present itself as government. When that was convenient for what they were doing.

And also to present itself as a private organization, when that was convenient.

It's a very intricate setup that they had, that was truly optimized for this chameleon character of plausible denial operations. In conflict zones. Doing God knows what, with American taxpayer money.

And it's just an absolute hornet's nest.

We have recovered that terabyte that they tried to delete. And once we get things settled in the building itself, I intend to do a kind of transparency effort, whereby we release all of this material to the public.

GLENN: Good. Good.

DARREN: Just like I'm doing at the State Department. I'm currently acting as secretary at the State Department. And doing a transparency effort here. After I eliminated the global engagement center, which was sort of the internal censorship office within the State Department, decided, we've got to -- we've got to air this out to the public.

So within the next couple of weeks.

We'll have our next tranche of helps you of thousands of emails, documenting what this were doing.

GLENN: I would love you to go back on, through those emails.

I think you guys in the State Department are doing an amazing job. Thanks for being on.