RADIOFebruary 17, 2025

Is a Global Gold "Ponzi Scheme" About to Come Crashing Down?

Something weird is going on with gold, related to tariffs and a possible audit, that could drastically change the value of the dollar. Glenn reviews an X thread from user Matt Smith and warns that we must start looking for the word "rehypothecation" to appear in news stories. If that happens, it would mean, "no one owns anything." But this isn't the only possible future. There's a chance, Glenn explains, that Trump could return the US dollar to the gold standard.

Read the X thread: https://x.com/mattpheus/status/188961...

Transcript

Below is a rush transcript that may contain errors

GLENN: They're great. There is a great thread from Matt Smith, that I retweeted last night. And it's about the -- the dollar and our economy and everyone needs to read this.

What the average person is going to be talking about is my groceries are going up. And, yes, they are. That's not anything from this administration. That is from all of the lies, that the media was telling you that things were strong and it's getting better. Yada, yada.

No. It's not. Those numbers and all of that stuff were garbage!

And it's not getting better yet.

And Donald Trump is cutting, cutting, cutting.

But we also need to cut regulations.

We need to get business back on its feet.

These two things have to have happen in a coordinated passion.

Otherwise, you will get the spending.

Remember, most of our GDP. A lot of our GDP is coming from the government.

They're spending all of this money.

You're not spending money. They're spending money. That's keeping the government's GDP. So if you cut, our GDP goes down. Which means all kinds of numbers start to fluctuate from interest rates and everything else. So we want a growing GDP, which means we have to grow real wealth. We have to grow real business. Not NGOs. And the one guy that I think can do it is Donald Trump. But there's a tweet, that caught my eye yesterday. Because it starts with gold, and I've been following the comments.

There's something going on with gold, and nobody really knows what it is. Somebody here in the United States is buying a crap load of gold. We think, I hope. It's the Treasury. Or the central bank. The Fed. But somebody is taking huge physical deliveries. And it's causing shortages, in London. Where they're -- they buy and sell gold.

There are shortages now of gold. Because somebody is buying it. And shipping it here. Somebody with very deep pockets. Okay. So why? Now, this is all theory. That's fact. Here's the theory of what's going on.

They're preparing for a full-on gold audit. We talked about this yesterday. The government right now claims on its balance sheet, as an asset, all of this gold.

And it's valued at $45 an ounce. In case, you haven't heard, it's $2,900 an ounce. So they're talking now, about boosting the price of gold, at least market to market, but maybe even making it 5,000 dollars an ounce. Okay? If that happens, the balance sheet starts to fall into line, and our debt to GDP is not as bad as it really is. Right now. Okay?

Just start claiming the truth about gold, and our balance sheet starts to come into line. Start taking our minerals, start taking our oil. And claiming those as assets, and putting those on the balance sheet. Which we can do. And it's not a bad idea. Unless, you know, we lose in the end.

Because then we lose all of our assets, our natural it assets. You put those on the balance sheet. This helps strengthen the United States. Because we're coming a place where we're not going to be able to finance the debt. Who wants to write the United States a new long-term loan, at less than really market value, and market value, I mean, you know -- if you walked into a bank, and you had the credit report that the United States of America has. What do you think the bank is going to charge you in interest?

You're a risk. You're just addicted to spending. You're doing ridiculous things. I'm sorry.

Now, they might write you a check, if you have all of this stuff on your balance sheet. Okay?

And that's why they're doing it. They're trying to reshore up our balance sheet, make ourselves healthier than we are. Because we're at the end of the dollar. We're at the end of this financial system. So this is an endgame. It's why tariffs are being, you know, brought in.

It's a -- it's a -- to -- to force others to start to see the sorry situation they're in, I mean. Europe. If this deal with Ukraine goes through, which, by the way, yesterday, had a great -- a perfect phone call with Putin. And it did go really, really well.

And Donald Trump is saying, yeah. You know, we might have to have the resources, from you. We might. We want your rare earth minerals.

Because of what we've already given you.

We want that in exchange.

He's doing that as a negotiating tactic with everybody.

And he's putting on notice, the European Union.

We're not in this anymore. This is your problem. We leave. We're not rebuilding Ukraine. You have to do it.

And you're going to have to protect it. And we're not going to guarantee its protection. So if you want it protected. You do it. They're talking $3 trillion to be able to rebuild and protect.

Europe can't handle that!

But, you know what, Europe, neither can we!

So he's putting everybody in the same situation.

And this is going to cause inflation to rise. It's going to!

It will punish the average person. Because tariffs and everything else. If they're not done exactly right, it will punish with higher prices.

However, he's betting that wages will also rise. Because he's forcing people to keep their profits here.

And make jobs here.

If everything goes right, what the -- the trade on gold is showing us, is that we may be going towards a gold-backed financial system. Or gold-backed currency of some sort.

The Fed could even be shut down. There is something big in the wind, and nobody knows what it is, for sure.

So if -- what do you do as a regular person?

You need to understand that the dollar could be by design. Being collapsed.

That's exactly what the Biden administration was doing.

Collapsing the dollar. But they didn't have a plan, to replace it, other than a digital dollar. And, you know, global slavery.

I'm not sure what the plan is here. But it seems much more American-centric. Good for America. And good for the rest of the world.

And it doesn't look like it's taking freedom away from people. But we have to watch it.

The situation with the economy is really dire.

That hasn't gone away!

What we have is a -- one of the best mechanics who have hired the rest of the best mechanics. To come in, put up the hood, and say, we want to save this engine!
How do we do it?

And they're applying that. We don't know what direction. But a -- a huge sign that something big is coming, is the amount of gold that is being purchased. And the key here that you have to understand, shortages in London, gold flowing into the US at record levels. Somebody with deep pockets. This is what Matt Smith is scooping up gold.

They're reshoring gold, that might have been leased out. What does that mean?

That the United States is buying all this gold. Why?

Because they're reshoring the gold that might have been leased out. That's rehypothecation. That's just the word away from the word that I said, if you see rehypothecation.

Begin to be bantered around. Look out.

What rehypothecation is, is we've taken one asset. And we've -- we've counted it, on several different accounting books.

So we counted at the United States. But also, we've -- we've leased this gold out to Germany.

So Germany could get more money, based on their gold. But their gold is our gold.

And our gold is England's gold. So that's how dire this is. Is we're beginning to enter the world of rehypothecation. Which means, no one knows anything. Because your house, you say, well, I've got my loan through Citibank. Because Citibank has rehypothesized -- has used rehypothecation to put that on their balance sheet, as that's their house. But they sold it in a package to eight different banks. And they're all counting that house, yours. As an asset. So when they all start to go down, they all say, well, we've got all of these assets. Well, no, you don't.

Which one of you has the 100 percent.

You're all claiming 100 percent of Bob Smith's house. Which one actually has it? Well, they all do. This is such a Ponzi scheme. Where -- you know what this is?

This is the story of The Producers. You ever see the movie, or the stage show Mel Brooks, the Producers. Why did they get into trouble? Because they were selling over 100 percent of the play. They kept selling the play. You get 100 percent. You get 100 percent. You get 100 percent. All thinking, that it's not -- that that particular show, wouldn't make any money.

It won't be a success. It's the worst play ever. So it will close. And nobody will audit and say, wait a minute. You sold 100 percent. Nobody will ask. They just want to get away from it.

They lost their money. It closed.

But if it's a success, they now have to pay 100 percent of the proceeds to 14 different people!

It's a scam. That's what's happened here. They have sold 100 percent of your house, or in this case, the gold!

To several different people. When everybody says, I'm in trouble. I want my money back. I need my gold. Trouble.

Trouble.

STU: I mean, it just seems like the type of thing that's almost impossible to unwind. Right?

If it's that deep, how do you unwind it, or do you just protect yourself and your family?

GLENN: For you. You -- you make sure that if your house is paid for. If you have anything paid for, you have the title.

You know where the title is, you have the title.

Okay? So you're not in as bad of shape.

If you own things. You own your car. Good.

The title.

You own your house, good. Have the title.

It's really good, if you're buying a house, to make sure that that loan is staying local.

That they're not reselling that loan. That it's staying with one bank. And it's not -- it's not being sold, what were those cold? Credit default swaps.

STU: I remember those things. Yeah.

GLENN: That it's not being sold like that. Because that's what causes the problem.

And -- and so you just need assets.

You need real assets. If you can buy gold, you should buy gold.

It especially, if they're going to start counting that on the balance sheet. If they change the price of gold, to -- from $45, to $4,500, that means they're going to have to do that worldwide. So gold all of a sudden becomes $4,500 an ounce. Okay. As your that are goes down, your gold will go through the roof.

STU: This is much better when Margot Robbie is telling me about it, in a bathtub. That is -- the delivery --

GLENN: I can run the water.

STU: No. Please don't. Oh, my gosh. Sara just threw up on the board. Stations, we may have some technical difficulties.

Could passengers have SAVED Iryna Zarutska?

Surveillance footage of the murder of Ukrainian refugee Iryna Zarutska in Charlotte, NC, reveals that the other passengers on the train took a long time to help her. Glenn, Stu, and Jason debate whether they were right or wrong to do so.

Transcript

Below is a rush transcript that may contain errors

GLENN: You know, I'm -- I'm torn on how I feel about the people on the train.

Because my first instinct is, they did nothing! They did nothing! Then my -- well, sit down and, you know -- you know, you're going to be judged. So be careful on judging others.

What would I have done? What would I want my wife to do in that situation?

STU: Yeah. Are those two different questions, by the way.

GLENN: Yeah, they are.

STU: I think they go far apart from each other. What would I want myself to do. I mean, it's tough to put yourself in a situation. It's very easy to watch a video on the internet and talk about your heroism. Everybody can do that very easily on Twitter. And everybody is.

You know, when you're in a vehicle that doesn't have an exit with a guy who just murdered somebody in front of you, and has a dripping blood off of a knife that's standing 10 feet away from you, 15 feet away from you.

There's probably a different standard there, that we should all kind of consider. And maybe give a little grace to what I saw at least was a woman, sitting across the -- the -- the aisle.

I think there is a difference there. But when you talk about that question. Those two questions are definitive.

You know, I know what I would want myself to do. I would hope I would act in a way that didn't completely embarrass myself afterward.

But I also think, when I'm thinking of my wife. My advice to my wife would not be to jump into the middle of that situation at all costs. She might do that anyway. She actually is a heck of a lot stronger than I am.

But she might do it anyway.

GLENN: How pathetic, but how true.

STU: Yes. But that would not be my advice to her.

GLENN: Uh-huh.

STU: Now, maybe once the guy has certainly -- is out of the area. And you don't think the moment you step into that situation. He will turn around and kill you too. Then, of course, obviously. Anything you can do to step in.

Not that there was much anyone on the train could do.

I mean, I don't think there was an outcome change, no matter what anyone on that train did.

Unfortunately.

But would I want her to step in?

Of course. If she felt she was safe, yes.

Think about, you said, your wife. Think about your daughter. Your daughter is on that train, just watching someone else getting murdered like that. Would you advise your daughter to jump into a situation like that?

That girl sitting across the aisle was somebody's daughter. I don't know, man.

JASON: I would. You know, as a dad, would I advise.

Hmm. No.

As a human being, would I hope that my daughter or my wife or that I would get up and at least comfort that woman while she's dying on the floor of a train?

Yeah.

I would hope that my daughter, my son, that I would -- and, you know, I have more confidence in my son or daughter or my wife doing something courageous more than I would.

But, you know, I think I have a more realistic picture of myself than anybody else.

And I'm not sure that -- I'm not sure what I would do in that situation. I know what I would hope I would do. But I also know what I fear I would do. But I would have hoped that I would have gotten up and at least tried to help her. You know, help her up off the floor. At least be there with her, as she's seeing her life, you know, spill out in under a minute.

And that's it other thing we have to keep in mind. This all happened so rapidly.

A minute is -- will seem like a very long period of time in that situation. But it's a very short period of time in real life.

STU: Yeah. You watch the video, Glenn. You know, I don't need the video to -- to change my -- my position on this.

But at his seem like there was a -- someone who did get there, eventually, to help, right? I saw someone seemingly trying to put pressure on her neck.

GLENN: Yeah. And tried to give her CPR.

STU: You know, no hope at that point. How long of a time period would you say that was?

Do you know off the top of your head?

GLENN: I don't know. I don't know. I know that we watched the video that I saw. I haven't seen past 30 seconds after she --

STU: Yeah.

GLENN: -- is down. And, you know, for 30 seconds nothing is happening. You know, that is -- that is not a very long period of time.

STU: Right.

GLENN: In reality.

STU: And especially, I saw the pace he was walking. He certainly can't be -- you know, he may have left the actual train car by 30 seconds to a minute. But he wasn't that far away. Like he was still in visual.

He could still turn around and look and see what's going on at that point. So certainly still a threat is my point. He has not, like, left the area. This is not that type of situation.

You know, I -- look, as you point out, I think if I could be super duper sexist for a moment here, sort of my dividing line might just be men and women.

You know, I don't know if it's that a -- you're not supposed to say that, I suppose these days. But, like, there is a difference there. If I'm a man, you know, I would be -- I would want my son to jump in on that, I suppose. I don't know if he could do anything about it. But you would expect at least a grown man to be able to go in there and do something about it. A woman, you know, I don't know.

Maybe I'm -- I hope --

GLENN: Here's the thing I -- here's the thing that I -- that causes me to say, no. You should have jumped in.

And that is, you know, you've already killed one person on the train. So you've proven that you're a killer. And anybody who would have screamed and got up and was with her, she's dying. She's dying. Get him. Get him.

Then the whole train is responsible for stopping that guy. You know. And if you don't stop him, after he's killed one person, if you're not all as members of that train, if you're not stopping him, you know, the person at the side of that girl would be the least likely to be killed. It would be the ones that are standing you up and trying to stop him from getting back to your daughter or your wife or you.

JASON: There was a -- speaking of men and women and their roles in this. There was a video circling social media yesterday. In Sweden. There was a group of officials up on a stage. And one of the main. I think it was health official woman collapses on stage. Completely passes out.

All the men kind of look away. Or I don't know if they're looking away. Or pretending that they didn't know what was going on. There was another woman standing directly behind the woman passed out.

Immediately springs into action. Jumps on top. Grabs her pant leg. Grabs her shoulder. Spins her over and starts providing care.

What did she have that the other guys did not? Or women?

She was a sheepdog. There is a -- this is my issue. And I completely agree with Stu. I completely agree with you. There's some people that do not respond this way. My issue is the proportion of sheepdogs versus people that don't really know how to act. That is diminishing in western society. And American society.

We see it all the time in these critical actions. I mean, circumstances.

There are men and women, and it's actually a meme. That fantasize about hoards of people coming to attack their home and family. And they sit there and say, I've got it. You guys go. I'm staying behind, while I smoke my cigarette and wait for the hoards to come, because I will sacrifice myself. There are men and women that fantasize of block my highway. Go ahead. Block my highway. I'm going to do something about it. They fantasize about someone holding up -- not a liquor store. A convenience store or something. Because they will step in and do something. My issue now is that proportion of sheepdogs in society is disappearing. Just on statistical fact, there should be one within that train car, and there were none.

STU: Yeah. I mean --

JASON: They did not respond.

STU: We see what happens when they do, with Daniel Penny. Our society tries to vilify them and crush their existence. Now, there weren't that many people on that train. Right?

At least on that car. At least it's limited. I only saw three or four people there, there may have been more. I agree with you, though. Like, you see what happens when we actually do have a really recent example of someone doing exactly what Jason wants and what I would want a guy to do. Especially a marine to step up and stop this from happening. And the man was dragged by our legal system to a position where he nearly had to spend the rest of his life in prison.

I mean, I -- it's insanity. Thankfully, they came to their senses on that one.

GLENN: Well, the difference between that one and this one though is that the guy was threatening. This one, he killed somebody.

STU: Yeah. Right. Well, but -- I think -- but it's the opposite way. The debate with Penny, was should he have recognize that had this person might have just been crazy and not done anything?

Maybe. He hadn't actually acted yet. He was just saying things.

GLENN: Yeah. Well --

STU: He didn't wind up stabbing someone. This is a situation where these people have already seen what this man will do to you, even when you don't do anything to try to stop him. So if this woman, who is, again, looks to be an average American woman.

Across the aisle. Steps in and tries to do something. This guy could easily turn around and just make another pile of dead bodies next to the one that already exists.

And, you know, whether that is an optimal solution for our society, I don't know that that's helpful.

In that situation.

THE GLENN BECK PODCAST

Max Lucado on Overcoming Grief in Dark Times | The Glenn Beck Podcast | Ep 266

Disclaimer: This episode was filmed prior to the assassination of Charlie Kirk. But Glenn believes Max's message is needed now more than ever.
The political world is divided, constantly at war with itself. In many ways, our own lives are not much different. Why do we constantly focus on the negative? Why are we in pain? Where is God amid our anxiety and fear? Why can’t we ever seem to change? Pastor Max Lucado has found the solution: Stop thinking like that! It may seem easier said than done, but Max joins Glenn Beck to unpack the three tools he describes in his new book, “Tame Your Thoughts,” that make it easy for us to reset the way we think back to God’s factory settings. In this much-needed conversation, Max and Glenn tackle everything from feeling doubt as a parent to facing unfair hardships to ... UFOs?! Plus, Max shares what he recently got tattooed on his arm.

THE GLENN BECK PODCAST

Are Demonic Forces to Blame for Charlie Kirk, Minnesota & Charlotte Killings?

This week has seen some of the most heinous actions in recent memory. Glenn has been discussing the growth of evil in our society, and with the assassination of civil rights leader Charlie Kirk, the recent transgender shooter who took the lives of two children at a Catholic school, and the murder of Ukrainian refugee Iryna Zarutska, how can we make sense of all this evil? On today's Friday Exclusive, Glenn speaks with BlazeTV host of "Strange Encounters" Rick Burgess to discuss the demon-possessed transgender shooter and the horrific assassination of Charlie Kirk. Rick breaks down the reality of demon possession and how individuals wind up possessed. Rick and Glenn also discuss the dangers of the grotesque things we see online and in movies, TV shows, and video games on a daily basis. Rick warns that when we allow our minds to be altered by substances like drugs or alcohol, it opens a door for the enemy to take control. A supernatural war is waging in our society, and it’s a Christian’s job to fight this war. Glenn and Rick remind Christians of what their first citizenship is.