RADIO

Glenn: How YOU should prepare as the price of EVERYTHING rises

The prices of used cars are skyrocketing, with interest rates nearly double what they were just a few years ago. But, as you already know, it’s not just used cars. The cost of EVERYTHING is rising, and it seems like that’s exactly what global elites — like those at the World Economic Forum — WANT to happen. So what should you do? Watch this clip for Glenn’s advice on what you should begin preparing NOW.

Transcript

Below is a rush transcript that may contain errors

GLENN: I want to talk to you about what is coming. What you need to prepare for. So you can change the way you spend money, and let me give you some information that will help you understand, how to navigate and know what is real, or what is not.

You keep hearing that -- that credit cards are going gangbusters, everybody is fine. And default rate, blah, blah, blah.

You're hearing a lot of that, and a lot of that will be based on American Express. Why should you not look at the stats of American Express?

Do you know, Stu?

STU: No. American Express that demands that you pay it off. So generally speaking, it is people who have more money. They don't care an American Express.

But more importantly, American Express, your FICA score is between 40 and 60 points higher, to be able to get just a regular green card American Express, over Discover or Capital One. Okay? So you're not looking at the riskiest ones. Okay?

STU: Right.

GLENN: And when you look at the riskiest ones, Capital One, they have been taking, you know -- some crime borrowers. People who are living on the edge. And living on their credit card. Those are Discover cards. And Capital One cards.

Generally speaking.

Well, Capital One is turning off the spigot of credit. In a lot of places. They've just begun doing this. Their loss is up year over year.

$1.4 billion. They've just had to write off this year.

Okay? Because people failed.

Their charge-offs, for both of them, have gone from one and a half percentage points, to four percentage points.

And we're in an economy that our leaders are telling us, is good. It's healthy.

It's growing. It's wonderful.

STU: But what did Biden say about it?

It's -- God, what was it? It was a half swear. I can't remember what it was. Smart as hell. That's what it was. Or strong as hell. This economy is strong as hell.

GLENN: If this is strong as hell, who is it strong as hell for? You know the answer to that. The rich.

It is getting harder and harder for the people at the bottom end.

You will have nothing, and you will be happy. It's the promise from the World Economic Forum. By 2030, you will be happy, owning nothing.

Now, I don't know how that is possible, in a society set up around ownership. The reason why ownership is so important in America, is because that's the way you can hold on to wealth, and grow wealth. By buying your own home.

Not your car. But by buying assets and owning things that increase in value. That's how we have lifted the poor class, into the middle class.

And the middle class into an upper class.

That is unique, and really, truly very American.

Ownership.

But you take that ownership, how are you going to save money?

How are you going to grow money?

Okay. Now, let me take you to the cars. People just a few years ago, if you went to buy a used car. It was seven to $15,000. Average. Okay?

It is now 20 to $25,000 for a used car. What has changed?

Well, the Wuhan virus changed everything. That collapsed the supply chain. You can't get the supply chain back on track. So we're still short cars. That makes your used car more expensive. So that's why you've gone from at the top $15,000 to now 25,000.

The top of average. It's gone up. Ten grand. Has your salary gone up? Has your savings gone up?

Has your -- I mean, with inflation.

That's real dollar. That's not inflation. That's real dollars. Inflation is on top of that.
Why are we paying so much money for everything?

Well, one of the reasons is, we're no longer leading the world. We are intentionally hobbling ourself with oil and gas prices. They're not refilling the strategic oil reserve, because President Biden says it's still too high. Well, you know what, you may be in a war that you are creating right now, President Biden.

What do you say, you bite the bullet, because you don't seem to have a problem spending money everywhere else, and fill our national strategic supply back up.

We're intentionally shooting our feet. So gas prices go up.

Which makes people think, okay. Well, they're getting rid -- they're getting rid of the gas car. Everybody is going to electric. Maybe I should buy an electric car. Well, electric cars are expensive. They're new and expensive.

Okay. Plus, your energy costs are going up.

The more you build, the more people buy electric cars, the higher your energy price. The higher your electricity bill. Who is paying for that?

How do I afford that? On top of my brand-new car? You can't.

And if you could afford a new car, you're paying full sticker, if not above.

And, you know what, I have to buy something. So I'll buy a used car, at an unbelievable price.

Now, let's look at the price to borrow the money for that car. Okay.

So on average, we have gone from 3.6 as your rate to borrow money for a car. 3.6.

The average now is 6.8. Okay?

That's a lot of money over the lifetime, just in the last year. That's an additional $2,000 you have to pay for your car. But that's if you have good credit. If you're subprime, subprime is as high as -- with insurance 26 percent. That's loan shark stuff. You'll never, ever, ever pay for that car. You'll never get out of that.

So what are you going to do? So now people are losing their cars, because our repossession of cars is now higher than it was at the peak of the financial crisis of '08. And we're in an economy that is strong as hell.

It's not working for the average person. I hate trickle-down economics. It's clear you do. Because nothing is trickling down. Have you noticed that?

Nothing is trickling down. Because you're not giving any incentives for people to invest in anything.

You are dictating what technologies and everything else, that you're going to invest in, as the United States government.

And you're going to have and tell the banks, what they should invest in.

The rest of us are holding on, going, I don't know what's going on tomorrow.

And we're already doing that, because of technology. We have no idea, what technology is going to do to any of our jobs.

So do I invest in a new factory? Do I wait for a couple of years? There's no incentive to build a factory here.

I don't know what the energy costs are going to be. So there is no trickle down. This is society without trickle down.

The rich just keep getting richer. And you're not seeing any of it. None of it.

So here's the thing that I -- I want you to be prepared for: And that is helping each other out.

Being prepared with your food.

With your energy. Don't go out and blow your money on stupid stuff.

Everything that they are telling you in the media, that we're strong as hell, is not true.

Have you heard anyone talk about Saudi Arabia getting rid of the petrodollar?

Have you seen that anywhere, Stu?

STU: No.

GLENN: Okay. How could that possibly be?

How can the Saudis say?

Yeah, we'll take any kind of money. That is the United States of America going off the gold standard, to replace gold with the petrodollar. We said our dollar is the only way you can buy oil. And that's what kept the dollar sound. Well, now wait a minute, if that's no longer true, what's keeping of our dollar sound? And why hasn't there been any discussion of this?

Why isn't anyone talking about something, that is going to affect you, your future, your children?

Your debt. Your job. Your medicine. Everything is going to be affected by that. And yet, nobody has told you anything, about it.

I just find it curious. That the leaders of expense, are the things that the great reset is trying to get rid of.

Car, worth a fortune. If you hadn't emptied our strategic oil reserve, fuel would be through the roof. Just like it is everywhere else.

Meat, you know, they don't want you eating meat. Have you seen? It will go up another 15 percent this year. Have you heard that stat?

Chicken? God help us with chicken. Did you see what happened with Connecticut this week? One of the chicken producers burned to the ground. 100,000 chickens gone. What is that going to do to the price of chicken?

All of the things that they say, they want to eliminate or change. All of those things going through the roof.

Can't get fertilizer. Can't get fertilizer.

Why? Well, Russia makes most of the fertilizer that we would use. Oh, okay. So let's go pick a war, with Russia.

And I want to talk to you about the war with Russia. Because that's another thing that doesn't make sense.

Batten down the hatches. Do your own homework.

Look at, where do you have your dollars? If you have anything.

RADIO

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VIDEOS

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RADIO

Meet the pro-Intifada candidate NYC Democrats just elected

New York City Democrats just elected 33-year-old Zohran Mamdani, a "socialist Muslim", as the Party's candidate for mayor. But Glenn Beck argues that his radical beliefs are actually communist and Islamist.

Transcript

Below is a rush transcript that may contain errors

VOICE: Z10852. Something weird is going on. The World Trade Center is on fire.

VOICE: Seriously the top of the building. We're trying to get information.

VOICE: Top level of one of the --

VOICE: To unfold from New York City.

VOICE: A plane crashed just --

VOICE: My sister is in that believe. I hope she's okay. I have to come to New York.

VOICE: It's pandemonium.

VOICE: It's raining papers.

VOICE: Wait a minute! Stop just a second. Why are we -- why are we -- I've got breaking news. Breaking news, yesterday. New York City just elected as their mayoral candidate for the left. And the Democrats, a -- a Muslim radical, who is also a communist!

So, you know, it only took you 25 years. It only took you 25 years, New York, to go completely insane.

Somebody who is -- well, I mean, if I might quote Michael malice today. I am old enough to remember when New Yorkers endured 9/11 instead of voting for it.

But you've got a -- you've got a communist jihadist apologist now.

Who was -- you know, well, CAIR put $100,000 behind his bid for New York City mayor.

So you have somebody who is endorsed by CAIR. That's really good.

He also was somebody who said, you know, he was -- he was for the shooting of the United Health Care CEO.

Said he was looking forward to driving down magnum Joan avenue. I don't know. Sounds like supporting people in the streets. Maybe it's just me.

Then he also said that he was going to globalize the intifada, which I think that's -- maybe -- maybe that's just me.

I mean, what do I know?

Tim Miller who is a podcaster. Asked him a few weeks ago. Asked him about his pro Palestinian slogan. Globalized the intifada. And he said, for me, ultimately, what I hear in so many, is a desperate desire for equality and equal rights, in standing up for Palistinian human rights. Oh, is that what you hear, Mr. CAIR?

Really? Huh, that's interesting.

Right. So globalize the intifada.

I mean, I mean, sure, that's -- I mean well, let me go on.

Because I don't want to take him out of context.

He then delved into the semantics of the intifada, citing the United States Holocaust memorial museum's use of a word for a translation for uprising, in an Arabic version of an article, a museum published about the Warsaw ghetto.

Oh!

So this is just a comparison, about the -- the armed rebellion against the Nazis!

I don't know if that makes me feel better!

I mean, if we're globalizing that.

We're the Nazis in this scenario.

Because I don't think it's the Palestinians.

I certainly don't think it's anybody who is like, hey.

Global jihad. I don't think it's those guys.

Or the Nazis. Who are the Nazis in that?

And it seems, if that's what you mean, then it's not just a harmless kind of slogan about human rights. It is a call for violence on the streets.

Because I don't know if you know, that's what happened when the Jews had their uprising against the Nazis.

I'm just saying!

But, hey, hey, free Palestine.

Oh, that's not what that means, gang. That is not what that means, but don't worry about it. He's just going to be possibly the new mayor.

And that's great. By the way, the Columbia faculty members signed a letter defending Hamas.

They were also among the donors to his mayoral campaign.

So, you know, you don't have anything to worry about.

And his father, who used to work at Columbia. Do you know, Stu?

Is his Dad -- is he still a professor at Columbia University?

He said that -- this violent terror thing of Islam, is not a part of Islam. Now, I've read the Koran, and much of the hadith.

And I'm pretty sure the violence is a part of that. But no.

No. This is something entirely new.

And his father while at Columbia university, wanted everybody to know, that this is actually -- this is something that came out of America!

America is really responsible for this.

And, you know, it really started with the Reagan administration, you know, when he started -- when he started with his very religious terms, to finish the war against the evil empire.

So, you know, that's where -- that's where 9/11 came from.

Is what -- don't worry about it! Don't worry about it!

Because who am I? I'm clearly just -- am I an anti-Semite today, or am I an Islamophobic? I can't remember which one.

Oh, it's probably both. Anyway, Islamophobia. Let me just explain Islamophobia. I haven't even gotten to the Communist part of it. Which is really, really -- New York, you're in one for hell of a ride. Buckle up.

It will be a fun rollercoaster for you. My gosh, I've never been happier that I've been away are if New York.

Anyway, I just want I to know, there is Islam. And then there is Islamists. Now, an Islamist is somebody who really wants Sharia law.

That's political Islam!

That's not a faith. That's political Islam.

Now, let me make really -- something really clear. Criticizing Islamism, is not Islamophobia. Pointing out the dangers of, oh. I don't know.

Political Islam. The ideology that seeks to use the tools of democracy, ultimately to destroy democracy, is not an attack on Muslims.

No. Uh-uh.

You know why?

Because Muslims are often the first people in line.

The first victims of the ideology.

So let's draw a bright, bright line between Islam as a faith, millions of people can practice that faithfully and peacefully.

It's mostly peaceful, okay?

Then there's the Islamism.

Islamism is something entirely -- that's a political project.

A theocratic political -- oh. Left loves theocracies. They love it.

Of course, you never see a problem with it.

See it when an Islamist is touting it. Anyway, it's not about prayer. It's not about fasting. It's not about spiritual life.

It's all about power. It's about merging of mosque and state. It's about implementing Sharia, not as a personal code of conduct. But as a governing legal system.

And it's -- it's supremacy.

Absolutely. Faith.

Religion.

It's -- there's one thing that's supreme.

It's misogynistic.

Deeply intolerant of all kinds of things.

Descent. Secularism. Other faiths. Even competing interpretations from inside the faith itself.

It will behead them too.

So let's -- let's be honest here for a second.

You know, CAIR should be labeled an international terror organization.

In my opinion. In my opinion.

Oh, does that make me -- that makes me an Islamophobe. I'm sure. I'm sure they will start a campaign against me on being an Islamophobe.

Stand in line, guys. You've been doing it since 2001, okay?

I don't really care. And I don't think the American people. I think that record, all the grooves are worn-out on that one, okay?

This is not a religion we're talking about. When we're talking about Sharia law. And we're talking about globalize the intifada. What does that mean, actually, to globalize it?

Does that mean we now want to do what is happening to Israel? All over the world?

Has the Palestinian plight become our plight you now, as Americans?

That there has to be an intifada here!

Because it's the kind of the same. You know. It's kind of the same over, you know, with what the Palestinians are going through.

Well, it's very much like what the Jews went through with the Nazis.

That's a weird one. That one makes my head hurt. It's very much the same as that. And very much the same as the fight against Donald Trump.

Oh, this is going to be fun. It's fun!

Really fun. You know, the irony here is, the ones that will scream Islamophobia the most, are the ones in the progressive left, the champions of feminism, LGBTQ rights. And secularism.

They're going to -- no. You want -- they're going to stand with the people, who want to kill them first.

See, this is how smart they are!

This is why it's going to work out well, in New York City.

Let me just say. If you have an ounce of common sense, you run a business, you have an ounce of wealth. And I don't mean wealth like, you know, hey, Lovey.

Let's get on the boat for a three-hour tour with a suitcase full of cash. I mean you saved anything, anything, get the hell out of New York City.

I mean, this is about survival. This is about free speech. This is about women's rights.
Religious pluralism. Secular legal systems. Liberal democracy.

But it's also about failed principles of Communism. Okay?

First, you have to call out political Islam for what it is. Okay?

And we have to do it with the clarity that we call out white nationalism.

Got to do it with that. Got to -- you know, the Klan. Really bad people.

Really bad people.

Anybody who is shouting for globalized intifada?

Pretty bad. Pretty bad people.

Okay?

Now, let's get to communism.

Because that's another cool, cool angle of the new Democratic candidate for -- for mayor of New York City.

That I just -- I think is cuddly and cute. Sure, it led to 100 million deaths. But this time, New York is going to be radically different. Oh, did I use the word radical?

I didn't mean to use that. What's radical about this guy?

Nothing. He's just like you!

Well, not exactly.

But let's talk about communism, next!

Now, the new mayoral candidate that's running there in New York City. That so many young people rushed to defend and vote for. He's promising free buses.

That's going to work out.

Where are you going to get the money for free buses.

It's free!

City-run grocery stores.

Oh, rent freezes. And finally somebody has done it. A 30-dollar minimum wage.

So under the banner of equity. And, you know, we will tax the wealthy. And the corporations. You know, we're going to squeeze another $10 billion out of them.

Really?

Because they're going to call a U-Haul.

You know, they will call something like U-Haul. There will be a lot of -- there will be a lot of movers that are like, how do I get the truck back from Texas or Florida back up to New York? Nobody is moving up there.

But he's going to do it.

Now, his vision isn't really new. You know, just -- just tax people, so we could have city-run grocery stores. You know, I remember -- I'm old enough to remember those city-run grocery stores in Moscow.

They were great.

The shelves were empty.

But that's just Moscow.

It worked out completely different in Venezuela.

Where, oh, no.

It didn't. That's right. The grocery store.

They were eating the zoo animals.

But it will be different in New York.

Because they have rent controls too.

And that will just choke the housing supply, but don't worry. As a young family.

You know, you voted for it.

You know better.

It will work this time.

So, you know, I like building ideas, I just don't like usually building on the graves of 100 million people.

But, you know, why not? Why not?

You know, use this dogma.

And this time, it will be different. It's not like it was in China. Where the great leap forward, was a gross -- a gross parody of progress. Venezuela, which was oil rich. One of the richest nations in the hemisphere now sees 90 percent of its population in poverty!

Yeah. Darn it. You know what they did?

They decided to take state control of things.

You know, like grocery stores. And it worked out well. How is that free busing working out in Venezuela?

I just want to -- I just want to know.

Anyway, then you've got the globalize the intifada. Which is going to drop a little violence in, and anti-Semitism in with your communism.

Which is weird!

Because violence and anti-Semitism, always happen. When it -- when it comes to -- when it comes to communism.

This is weird!

I've got to play something for you. Because this has talked about on me earlier this morning.

Oh, wow.

Wait a minute. This is -- this is the whole coalition coming together here.

So this is going to be good. New York, this is going to be great.

It's going to be great for you.

No. He's going to uplift you. Then the social fabric of New York City is just going to be -- just one.

It's going to be fantastic. Don't worry about your 120 billion dollars in debt. Or your 10 billion-dollar deficit that you have right now.

You are going to charge the rich more taxes, and they will stay right there.

They will be like, you know what, that 46 percent in taxes that I'm paying, this is just not enough. It's just not enough.

I need to pay 60 or 70 percent to be able to pay my fair share. So that's good. That's good. That's good.

You know, they're not risking 100 million people. It's just 8 million people.

This time, it's just 8 million people.

But, hey. For those of you in upstate New York. That aren't going to be part of this experiment.

Don't worry, you get to pay for it. Because they'll kick it up to the state. The state will have to subsidize everything. And don't you love it?

Really, don't you want to subsidize the really crazy ideas of New York City?

I mean, why don't you have a -- why don't you have a democratic socialist. A/k/a communist mayor.

Why haven't you done that? Are you not progressive enough? Are you not looking into the future?

Are you stuck in the past?

I don't know. I don't know. The graveyard is pretty big. I have a hard time getting past that one. You know, yeah, so I'm stuck in the past. Because I can't seem to pass that graveyard, and get to be down the path with you. But it's going to be a paradise.

Forget arithmetic. You know, or human nature. This time, it's going to work. It's going to work. So all right!

Wish I lived in this morning.

No wait. Nope. I don't. Nope, I don't.

And Ted Cruz, stop it. Stop writing, hey, come to Texas. No. No. Don't come to Texas. Don't come to Florida. Go to California. It's beautiful this time of year. Go there. Go there.