RADIODecember 06, 2022

How the Fed's digital currency could END ECONOMIC FREEDOM

Right before Thanksgiving, when Americans were distracted with travel plans and family feasts, the Federal Reserve announced it is testing its own CBDC (Central Bank Digital Currency). Carol Roth, former investment banker and author of ‘The War On Small Business,’ joins Glenn to detail how this CBDC is the OPPOSITE of decentralized cryptocurrencies that interest millions of Americans. Yet, the Fed is trying to confuse Americans into believing the two kinds of digital currencies are just alike: ‘It’s a new scheme to maintain power and control.’ Plus, Roth explains how this CBDC — if it becomes the norm — WILL END our economic freedom...

Transcript

Below is a rush transcript that may contain errors

GLENN: Carol Roth, how are you?

CAROL: Glenn, you're sounding very feisty for a Monday morning. I'm not sure I can handle this. But coming up the weekend here.

GLENN: I have to tell you, I can't take the mainstream media, and half of the country, that is like, that's a conspiracy theory. What? That you're stupid?

That you don't pay attention.

That you can't read?

What is the conspiracy theory at this point? Because all of the things that people like you, people like me, we have been talking about now for years, are just being verified, one right after the other.

CAROL: Yeah. I think the definition of a conspiracy theory at this point is something that the media will report on three years later after we all knew that it happened.

GLENN: Exactly right. Exactly right. There's a difference between conspiracy theories and conspiracy facts. So let's -- let's talk about the -- the facts -- let's start with the CBDC. The central bank digital currency.

CAROL: Yes. First of all, CBDC is not a bar at New York City. So this is actually something different.

GLENN: Right.

CAROL: But it is tied into the monetary system. And basically, this is something that more than 100 countries around the world, who are losing control of their Fiat currencies, because of their government overspending. And because of their central bank printing. They're trying to come up with a new scheme to be able to maintain that power and control. So the idea of the central bank digital currency is to confuse you. People are interested in cryptocurrencies because they're deindustrialized and because they don't have that centralized power. And so they're trying to glom on to that interest and say, oh, yeah. We're just like that. Except for, they're exactly the opposite. They are completely centralized. And they give entire control to the central banks. So imagine today, you know the Treasury prints up a Federal Reserve note. We call it a dollar, route?

And imagine that dollar had a chip in it. And so when you went to go pay with your dollar, the fed was trapping you. The government was tracking you and saying, nah, you know, Glenn, you've had too many burgers this month.

We really don't want people eating meat because it's bad for the environment. So this dollar is no good anymore.

This is what a central bank digital currency, assuming that it's a retail facing one, one that the consumers will use, is going to do. And, oh, guess what, the New York fed is doing a 12-week digital dollar pilot. That is including Wells Fargo, the very Group, MasterCard. And about six others.

GLENN: So, Carol, they are saying that because they're not sure. If they can convert our system of transferring money, which doesn't involve any trucks.

But the digitizing of actual physical dollars. And sending them overseas in bulk. They're not sure they can work out the math, on how to do that, without the US dollar.

That sounds like the biggest bunch of bullcrap, I've ever heard.

They're wondering if it's going to work for the data transfer?

You're doing it every day now.

CAROL: Yeah. So the US is the leader in payments. And if you go and look at all the different -- the Bank Policy Institute. All the different folks who are kind of looking at policy around this, everybody is going, you know, America doesn't need this.

It's one thing for a small country that doesn't have the infrastructure. But we have laser fast settlements of payments. We have laser fast transactions through private entities. There is no need for this.

The need is a wanton and a desire for control and power by the people who are in charge and by the people who have not been taking care of those dollars. And so they need a new scheme. And this is the scheme. And, oh, by the way, this is how they're going to do this, Glenn. And my best guess right now. All this stuff we're seeing with the crypto woes. The FTX collapse. The -- you know the hacking, the fraud. They're going to tell you, oh, we need regulation. We need regulation around crypto. Because crypto is bad.

And they are going to regulate it, and they're going to sneak in congressional approval. Because that's the one thing. That a central bank. Digital currency. The fed does not have authorization from it. It must come from Congress. Not that that stops anyone anyway.

Just theoretically speaking. So keep an eye out. Whatever bills are coming down the pike. They are going to try to stuff this in here. And I'm not joking at all. I'm not -- this is not hyperbole. This will be the end of economic freedom. If a retail CBDC comes to fruition.

GLENN: I -- you know I'll go a step further. I'm not saying this is the mark of the beast. But it has all the earmarks of just not being able to live in society without it.

You won't be able to do anything, without it. Correct?

CAROL: Yeah. I mean, listen, it impacts your livelihood. You know how you get paid. How you transact.

I mean, it is the foundation.

Stable money is the foundation of a stable society.

GLENN: Now, people will say, though, Carol. That I already -- I already interact with my money this way.

I don't get an actual paycheck and bring it to the bank. It's digitally transferred into my bank. And then I spend, either a credit card or a debit card, everywhere I go. I go to a gas station. Put a card in. What's the difference?

CAROL: If I really, you're doing by choice. And you have a choice of providers. And the providers aren't the government. And it doesn't have the authority to come in and say, I'm sorry.

We're just going to cut off your ability to take in money. Or to put out money. We're going to freeze it.

Think about the trucker convoy up in Canada. They just froze their assets. They can do this, you know with just a flick of a switch.

Just one off, and say, I'm sorry. But that's it. You can't -- we've abandoned -- we've gotten rid of cars. We're not going to let you hail an Uber. Let you do this.

You said something bad on social media. We didn't like it. So we'll let you come down. This is a tool to let people submit to what the government wants. And it's the ultimate bullying tactic. The ultimate control tactic, to be able to control every facet of how you transact.

GLENN: I will tell you, that it is -- it is -- what people will say, well, I'm not doing anything wrong. You don't have to do anything wrong.

You just have to want to spend your money on hamburger. As opposed to fish or bugs or whatever it is.

You just want -- you want gasoline, and there's a shortage, and you're not part of the crew, that is deemed essential.

So you get no gasoline. This -- this is -- you know everybody complains about socialized. -- or, you know about free market health care.

First of all, we don't have free market health care. We haven't had free market health care, in a very long time. Government is all over it. Now with Obamacare, it's worse.

However, this is the point. Look at what's happening now, with Canada.

Canada actually said to a Canadian veteran, who just needed -- she's like probably 40, she couldn't walk up her stairs anymore.

Because of the pain. So she calls Veterans Affairs, and they say -- she says, I just wanted one of those chair things that go up the stairs.

She said, that they told her. And she's not the only one. We can assist you in suicide, if it's just so bad. She's like, what!

This is what's happening.

CAROL: Yeah.

GLENN: You'll have no options. No options.

CAROL: You will own nothing. They'll put it out there. And like you said, the word I wanted to key in from what you were talking about earlier. Was essential.

Because this is what they did to us in 2020. They said, some of us were essential. Some of us were not essential. So it's not like we don't have a case study, that's less than a couple of years old, to say that they will pick winners and losers. They will do that based on political clout and connections.

And guess who will not be in that inner circle? Probably everybody listening to the program. Including you and me. So this is an epic, epic disaster. And this is something everybody should be writing their representatives and senators. Saying, absolutely not. This is a complete affront to our freedoms.

Exposed: Trump’s Hidden Side Revealed in Glenn Beck’s Oval Office Bombshell

Glenn shares behind-the-scenes stories from his incredible trip to Washington, DC, and the White House. When Glenn sat down for an exclusive interview with President Trump, he didn’t think Trump would also give him a personal tour of the White House, including the Oval Office, his latest troll of Hillary Clinton, and even his personal residence and the Lincoln Bedroom. Glenn describes the historic treasures Trump showed him, like a copy of the Gettysburg Address. But Glenn can’t tell his favorite parts of the day because of an NDA. But he gives a hint: Trump is NOT at all who the media portrays him as.

Transcript

Below is a rush transcript that may contain errors

STU: Welcome back, Glenn. Back from DC.

GLENN: Thank you. Interesting week.

STU: I bet it was.

GLENN: Interesting week.

STU: Yeah.

GLENN: Learned an awful lot. I've got to go up at least a quarter. Every quarter. There is so much going on. It is moving so fast. And you get a -- you get a completely different perspective when you're actually there talking to the people that are moving the pieces. And I had a lot of conversations that I can't divulge on the air.

I can't say, unfortunately -- I was with the president yesterday.

And it was an incredible, absolutely incredible -- and the thing I was most excited to share was his heart. He -- it was amazing.

Did the interview. Went into the Oval Office. And he left me alone with my wife in the Oval Office for like five minutes. Now, I'm like.

He was lucky, I didn't go through the drawers.

You know, I look -- where is that little hidden puzzle piece, that I saw on national archive.

But, I mean, he left us alone for five minutes. Nobody is left alone in the Oval for five minutes.

And he walks in five minutes later. Tania was so uncomfortable. Like, I don't know what to say.

What do I do?

And I'm like, they said, make yourself comfortable.

So have a seat, wherever you want. You know, probably not behind the desk. But have a seat. So we just go around. And I was alone with the Declaration of Independence. I mean, it was incredible in the Oval Office!

STU: Any part of you think, maybe I just kind of put -- fold it up. Put it in my pocket. Nobody notices. None of that?

GLENN: No. Uh-uh.

STU: Darn it.

GLENN: This is the first time I've been in the Oval Office. The first time you're overwhelmed. The first time you're like -- because it's a magical place. It really is a magical place.

STU: Sure.

GLENN: And so he said, he walks in. And he's like, you know, nobody -- I'm like.

STU: He said, what?

GLENN: Nobody sits in here without the president. Or, you know, without somebody else.

STU: Right. Yeah, that's really rare.

GLENN: And I said, I'm aware of that. He said, but I knew you would want to look at everything. So I thought you would be more comfortable if you were here by yourself. Oh, it was fantastic.

So we sit down. We talk. We go do the interview. And while we were talking in the Oval, we were conversing about a few things. And he said, and Abraham Lincoln came up. We were talking -- he is well-versed on the presidents. He is becoming a historian. He really is! He's really done his homework.

And he said, are you a fan of Abraham Lincoln? I said, yeah. And he said, you ever been to the Lincoln bedroom? I said, no. Want to go?

I'm like, wait. Of course I do. Yes. Let's do this interview.

So we do the interview. And he -- I'm told, he only has 40 minutes. Now we've just eaten ten.

And so we go. We do the interview. And his aides are cutting us off. And I'm like, I've got at least ten more minutes of questions.

And so we're getting cut off. And as we stop. His aide says, sir, the National Security Council is waiting for you.

And he says, right. I'm going to take them to the Lincoln bedroom first.

And they're like, the security counsel is meeting right now. They're waiting for you.

He said, let them wait. I'm going to take -- so he takes us, the longest way possible. He takes us through the entire White House, room by room.

Shows us all of the meanings behind things. All of the amazing, amazing -- like nobody knows about the White House. Takes us to the -- takes us to the basement, which is not really the basement. You know, it's the actual first floor where all of the guests come in. And they come up the grand staircase and everything else.

But it's the basement. And he's walking through. And he's showing me a troll, first of all.

I have to show you these paintings. I just see this painting of Laura Bush. And Laura Bush and Hillary Clinton. Up on a wall. He said, I walk by them every day.

And I say, this is not right. And he said, and then I got this painting of me. And, you know, it's me, with the flag face. Looking kind of tough.

And he said, I thought I put them between the two. And it had just gone viral. Just released a picture of him. And just gone viral.

It was a troll. The guy is just trolling. And he said, yeah. Don't you love it?

I just think it works. This trio really works. And I said, can I get a snap of them?

So we did this picture, the two of us, you know, on the ground floor of the White House. The tour goes by this every day.

Okay?

And all of a sudden, this thing goes viral. And they start -- memes start to be made, with J.D. Vance. In the pictures, they change -- people just started changing all the pictures behind us.

This is a meme before -- you know, going off before we finished.

And then he takes us upstairs. Takes us through all these things.

And the -- the aides keep gathering. There's like 20 of them now, following us. And I keep hearing, sir, the national security is waiting. He's like, I know. I know.

And so we got up to the executive residence. And the reason why he had to give us -- the reason why he had to do this tour, is because you're not allowed in the residence. And you're not allowed into the Lincoln bedroom, without the president of the United States.

It's the only one that can do it.

Melania cannot come down and do the tour.

It has to be the president. He's telling them. I'm sorry. But rules are rules. And so he takes us up, into the Lincoln bedroom.

It was the most incredible thing I have -- I mean, it's like -- it's a time capsule. It's really his bed. Which is about 6 inches longer than like the big king-size bed. It might have been longer than a California queen. It was very narrow.

Like, obviously, you know, he's not like Hugh Hefner. It's a very narrow bed.

But very, very long.

The mirror on one hand was extended to, you know, for somebody who is like six-nine, I think. Barron could use that mirror.

And then on the other side of the room is a writing desk.

And on this one table, all these things about his son. Lincoln's son who had died. And this really eerie picture of Lincoln. This painting.

And the president said, that was his favorite painting of himself. And it's really. It was spooky almost.

STU: Hmm.

GLENN: And I couldn't take a picture. You're not allowed to take any photos in the Lincoln bedroom.

And I was so bummed because I couldn't wait to show them we. But they're in his writing desk. And on it, is the Gettysburg address. One of four of the Gettysburg addresses. He gave -- Lincoln was at Gettysburg. And said, Mr. President. That was a great speech.

Do you have a copy of it? And he said, sure. And hands him a speech.

And says, here. This is a New York reporter. Takes it. Types it up, and then throws it away.

So during the war, Lincoln writes four copies of the Gettysburg address.

In the four copies, only two of them say, this nation under God. Two of them don't say that. And we don't know why.

But the one there says, this nation under God. So it was just almost like a spiritual thing. We come down, and we're ending the tour.

And I said, I have to ask. I said, I know you're Donald J. Trump. But -- now, what do you think I'm going to ask. Because he cuts me off right there, and he tries to answer. And I was amazed that he knew what I was even going to ask. Where do you think I'm at? I know you're Donald J. Trump, but --

STU: I mean, it could be anything obviously.

GLENN: He said every day, and that's the right answer! But I didn't still know if he knew what I was talking. And I say, every day?

And he said every day, Glenn. I wake up every day, and I -- I say to myself, I can't believe I'm in this house.

STU: Hmm.

GLENN: I mean, he's still humble about it. He's still -- he respects that place. I mean, a lot of the -- well, he didn't tell me this. So I don't think I signed anything about it.

He didn't tell me this.

So the -- the word is, that Hillary stole a lot of the glass door knobs at the White House. Okay. That's the word.

Don't if it's true.

But stole them. He came in, and he redid all of the doorknobs, and they are beautiful. This guy has put serious money into the White House.

And he's never going to get any credit. And the rumor was, on those doorknobs, that they were going to take them out. I don't know if they did on Biden. But they don't want any of the Trump stuff in there. And took out the doorknobs.

But he's -- he's poured a ton of money upgrading that house, and he'll never get credit for it.

But he deserves it. All right. I'm going to talk to you a little bit about what we talked about on the important stuff here in just a second.

STU: So you were able to go through all of this, and look at all these incredible documents.

This is kind of like your fantasy league life, right?

GLENN: Oh, my gosh. Oh, my gosh.

STU: Every document you could ever want. Every piece of history you could ever look at.

You would spend no time actually being president, if you were president.

GLENN: I don't know when this guy has time. I really don't.

Some of the Secret Service guys said, he's here, in the middle of the night, working on stuff.

He'll do full day.

Then he's there. Who is up at this hour?

It's him.

STU: That's not the way the media presents him.

They say, he's watching TV.

Watching Fox news all day.

GLENN: Oh, there's no way.

This guy has learned so much.

There's no way I had a conversation with him, five, six years ago. No way.

STU: You notice a difference?

GLENN: Oh, huge. His learning curve is straight-up.

Absolutely straight-up.

And in the interview. There's nothing. I could have said things.

Remember the nuclear triad question that he was hit with?

Where he didn't really -- there's not a question I could ask him, where he doesn't know the answer.

Literally. Literally.

I mean, everything I ask him off-air or on-air, he's there. He knows it. If it's happening in the world, he knows it. I don't know how he keeps up like this.

STU: It is -- I mean, his energy level is impressive. There's no doubt about that.

I don't know. The bar was set pretty low the last four years. But his -- that's been one of the things, I don't think there's ever been really much at -- disagreement on.

The fact that we -- we did, years ago, went around with candidates, around Iowa, for example. Just in campaigning, and it was like, oh, gosh. By the end of the weekend, I wanted to sleep for a week.
Because it was just so much.

Running around. Doing -- can't imagine being president of the United States. He's always energized.

GLENN: He's always energized. I mean, and I saw him. When I got on to the plane last night. Because I know, he went from -- he went from my interview, directly to the National Security Council.

And then by the time I'm sitting at the airport, there's a video of him meeting with the people that were in the lobby, waiting for him all of these veterans.

And he's doing stuff with veterans on TV.

I mean, the guy is just boom, boom, boom.

Remember Joe Biden was like, he'll have -- he'll have some pudding.

STU: Oh, yeah. The pudding and the lid.

GLENN: And the lid. And that's it.

This guy is going non-stop.

STU: Obviously, we're just setting up the main course here.

Which is your interview with him.

That airs on Blaze TV tonight.

GLENN: It was on last night.

STU: I watched it on Blaze TV last night. It airs on YouTube tonight.

But, you know, you guys went into -- every -- every topic. Any questions he didn't -- you know, he didn't think he wanted to go to or wasn't comfortable with. Is there anything that he was off-limits? Anything like that?

No. He was joking with me. He was going across the hallway. He said, after the interview, he said no. Try to be kind to me.

Well, if you don't, I'll just say, he's over. He's worthless. He'll do whatever you want.
(laughter)

But, no. There was nothing. In fact, we didn't -- you know, we wouldn't. And we didn't give him any indication. Other than it was about the 100 days. And everything that's gone down the last 100 days and were coming.

So that's pretty broad. He said a few things.

And I want to give I one of them here. We were talking about the tariffs.

STU: Uh-huh.

GLENN: And I said, you know, how do you negotiate, when you have a group of elites like the WEF. When you have China who is against you.

And the world trade -- or, the World Economic Forum.

All the elites in England.

That are -- they're fine with the great, Great Reset. How do you negotiate with people who don't mind blowing the whole thing up?

Listen to this.

DONALD: I don't have to negotiate. I don't have to negotiate. I'm talking to people out of respect. But I don't have to. So we're this giant store that people want to come in and buy bye from. We're the United States. We have the richest consumer, et cetera, et cetera. Right?

But we're not going to be that way for long if we do something. But we're this giant store, and they all want to come in and take our product. But to take our product, they are going to have to pay.

And we will either make a deal with them, or we will just set a price. Because some countries are worse than others. Some countries have ripped us off really badly, and some countries have just ripped us off a little bit, but almost all of them have ripped us off. Because we've had really poor leadership. And what's going to happen, is we're going to negotiate -- we are negotiating with 70 different countries. But we're negotiating. We're showing great respect. But in the end, we may make deals. But either that, or I just set a price. I said, here's what you will pay for the privilege of servicing the United States of America.

And they have an option. They can maybe talk to me a little bit. Or they can not jump.

You know, they don't have to shop at this big store. Or they can shop.

But in any event, they will have to pay. Look, we owe 36 trillion for a reason.

The reason is: The trade. Also, the endless wars, the stupid wars that we fought. We're going to the Middle East. We blow up. We leave. We don't get anything.

And you're a big fan of exactly what I'm saying. I mean, let's not do this. Let's not do that.

It's stupid. Endless wars. Endless wars. That they don't even want us. You know, we got into wars. They didn't even want us.

So all of that stuff. You know, when I left four years ago, you know, we had no wars. We had no Israel and Hamas. And, by the way, it would have never happened. Because their enemies were broke.

They were broke.

I have sanctions so strong on Iran.

They were totally broke. They had no money for Hamas and Hezbollah. We didn't have Russia-Ukraine. That would have never happened by the way. We didn't have the Afghanistan embarrassment. One of the great embarrassments in the history of our country.

We didn't have any inflation. Don't forget, I charged China hundreds of billions worth of tariffs. They talk about inflation. We had no inflation.

Because that doesn't cause inflation.

Stupidity causes inflation. High energy causes inflation. When they took over my energy -- we were making it like nobody has ever seen.

GLENN: I know.

DONALD: And then the prices doubled. By the way, because of that, Putin went in. You see what's going on now. It's going down.

GLENN: Yeah, I do.

DONALD: It makes it much harder for Putin to prosecute the war.

GLENN: It was fascinating.

We talked about a few things.

Judicial insurrection. Was one of them!

Another pretty strong response on that one, as well.

SNEAK PEEK: Glenn Gives a Tour of the Roosevelt Room in the White House

Ahead of his First 100 Days interview with President Trump, Glenn gives an exclusive tour of the Roosevelt Room: Theodore Roosevelt’s Nobel Peace Prize and Medal of Honor, Barack Obama’s private papers, and the legendary doorknobs that Trump installed in the White House.

EXCLUSIVE: Trump Tells the INCREDIBLE Story of Elon Musk, Nikola Tesla, and His Uncle

Immediately after his First 100 Days interview with President Trump, Glenn knew he had to ask one more question, even if it was off the record: How incredible is it that Trump is working with today’s Nikola Tesla, Elon Musk, when Trump's uncle was the man put in charge of sifting through Tesla’s files when he died?! But instead of having a private conversation, Trump decided to let Glenn’s audience hear the story too …

Why President Trump Is NOT "Negotiating" with Global Elites | First 100 Days | Glenn TV | Ep 429

In just his first 100 days in office, President Trump has moved faster to fix America than anyone expected. He created the DOGE, shut the border down, dismantled USAID and its wasteful spending, and put the world on notice that it can’t take advantage of America any more. But there’s still much more to do, and Americans have questions about what’s next. Glenn sits down with the president in the Roosevelt Room of the White House for his first one-on-one interview about his first 100 days. Glenn asks Trump what the real goal of his tariffs is, whether Elon Musk is really stepping back from the DOGE, whether Mexico is a failed narco-state, what his plans are for the cartels, and how he may react to the “judicial insurrection” of judges blocking his deportation orders. Trump also reveals his game-changing plans for AI and American energy, why he’s not “negotiating” with Europe or the world, whether Putin or Zelenskyy has been easier to deal with, and why he believes Glenn will “be surprised” by congressional Republicans soon.

►BONUS CONTENT: See my exclusive tour of the Roosevelt Room and don’t miss President Trump’s extended interview, where he shares how his uncle—once the government’s go-to expert on Nikola Tesla’s files—is now connected to today’s Tesla, Elon Musk. These are must-see moments you won’t find anywhere else. Watch now at BlazeTV.com/Glenn.