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How the ‘Inflation Reduction Act’ targets FARMERS…and YOU.

The Senate passed a 740 BILLION DOLLAR package over the weekend, with Vice President Kamala Harris giving Democrats the last vote they needed. The bill is called the ‘Inflation Reduction Act of 2022,’ but Glenn explains why it likely will do the EXACT opposite. And not only could it hurt your wallet, but it may hurt your food, too. Glenn details parts of the bill that target American farmers and the farming industry, all in the name of climate change. The ramifications — many of which are already happening in Europe — could be HUGE: ‘This is really, very dangerous.’

Transcript

Below is a rush transcript that may contain errors

GLENN: If we don't collapse the size of this government soon, it will become an oppressor. Yesterday -- or, over the weekend, the Senate passed the 740 billion-dollar climate or health care reconciliation package. Now, just remember, $700 billion was the size of the -- DARPA, Obama.

STU: Yeah. First Obama stimulus package.

GLENN: Stimulus. And we all had a cow, that it was 700 billion dollars. We thought that was outrageous. This is 740 billion, just on climate and, quote, health care.

But is it? Let me give you some -- let me give you some information on this. It passed, the bill includes $370 billion in green energy. Subsidies. Now, do you remember how well the green energy subsidies happened last time, when Obama was in? Aren't we just making money, hand over fist, with all of those great investments, that we had under Obama?

STU: I'm a billionaire, because of my investment in Solyndra. It's worked out so well.

GLENN: Is that because of inflation? Because I think that went out of business. Now, here's the key to this bill: $80 billion -- now, remember, 370. This is the biggest thing ever. This is -- this has got to be done. Because we're all going to do to die in a fiery flood. 370 billion, and 80 billion is for the IRS. Now, I want you to listen to what they say, and you'll read it over and over again. It's the Internal Revenue Service, for enforcement. Now, enforcement. Do we have that many greedy billionaires that just aren't paying their taxes. I would like to know.

Do we have that many billionaires that don't have enough money for really good attorneys, to read the law. That you're going to need 80,000 new IRS agents. That doesn't seem to compute at all, does it?

Now, by the way, they're saying that it's going to reduce inflation. It's not going to reduce inflation. If it does, and this is the honest-to-God truth, it may reduce inflation. Why?

Because it's going to hurt you so badly, that you won't be able to buy things. Remember, too much money chasing too far goods. So if you can't make the goods, you've got to reduce the money chasing it. That means, they've got to slow you down, at the store. And that is exactly what this bill will do. But because the government is going to be spending so much more money, I don't think it's going to reduce inflation at all. In fact, I think it's going to make inflation worse. But your -- your life is going to become much more tough. Now, I want to give you some more perspective on this. First of all, the American people. Just see how out of touch the American people -- the -- Washington is. Compared to the American people.

Just 12 percent of the new economist you.gov poll. Twelve percent of people think this will actually reduce inflation. The other time, three times as many, 6 percent. Believe it will actually increase inflation. Twenty-three percent believe they don't think the bill will move inflation either way.

And only 29 percent say, they are unsure. Now, this bill is climate and inflation reduction. You don't believe that it's actually going to reduce inflation. They don't ask if you think if it would actually help the green movement. And protect the earth. But they did ask this: Do you -- do you believe it will lower inflation? Average respondent? 51 percent, no. But do you support the bill?

31 percent said, they strongly or somewhat oppose the bill. The rest agreed with it. So who is confused here? You don't believe in it, but you support it.

Now, I'm not talking about you personally. But I'm talking about the American people. How is that possible?

That is because we still believe, that our government, somehow or another, there's still enough people believe that our government or your personal guy in Congress or in the Senate is doing the right thing.

I don't know how this is working. It -- well, I do. They didn't ask another question, in that poll. Do you actually know what's in it?

I can guarantee you, most people don't know what's in it. But let me give you a couple of things. And let's start with the big one.

The inflation reduction act, will give the IRS $80 billion, in additional funding. So you know, that's a 600 percent increase of their budget. 600 percent.

They will hire as many as 87,000 additional employees for enforcement. The increase would more than double the size of the IRS work. Which currently has 78,661 full-time staffers. So they have 78,000, they're adding an additional 87,000. To give you some perspective, the Pentagon. You know how many people work at the Pentagon? You know a huge building that goes on and on and on. Pentagon. World's largest military. The Pentagon houses 27,000 employees.

27,000!

We're talking over 160,000 IRS agents. The State Department employs 77,243. The FBI has 35,000 people. The customs and Border Patrol employs 19,536 Border Patrol agents. This will make the IRS bigger than all of those agencies, combined.

Now are you for this act? It's a little too late. But are you now for this act?

This is going to be staggering. And here's where it really will impact you. In the bill, in fact, I want to -- page -- page 529, of the Inflation Reduction Act. It will pay -- pay farmers to not farm. They want -- they want to restore the soil. So the measures will include plowing your soil less. Implementing climate-friendly crop rotation techniques. And planting cover crops, that do not yield any food.

There's 20 billion dollars available, September 30th now. To diminish the climate impact from farms. They are going to start paying farmers, not to farm. And then you'll be fine. They're also going to now, hmm. I would like to say encourage you. But what they're going to do to the farmers is tell them, exactly how they can farm. They're going to tell them now, just like they are over in Europe, where the farmers are going out of business and on the streets, protesting. They are now going to tell them, that they have to adopt more climate friendly provisions. They are going to regulate what you can feed your cow. They're going to -- they're going to also tell you what you can grow. How you grow it. What you can use as fertilizer. And the fertilizer that we're all used to. You know, the one that grows one-third more than the old fertilizer. You're not going to be able to use that. Now, we're entering a global food crisis.

Farmers all around the world are going in on this nonsense. It's not working. All around the world. And we've just implemented it, and we're hiring 87,000 new IRS agents, to make sure you comply.

Well, this doesn't have anything to do with the taxes. Oh, yeah. It does. Because you will be getting subsidies. Oh, yes. It does. Because you'll have an ESG score, if you're a farmer.

This is going to devastate our farms. Have you ever noticed, that whenever communists take over, the first thing they do, is kill usually everybody who disagrees with them.

They take out anybody who is ever successful at something. Look at the difference between GM and Elon Musk. Look at the difference between what he's building, and what all these other guys had been building. But all these other guys had been building. The guy is building a spaceship to Mars. The guy has transformed the automobile. And yet, he's on the outs. They're coming after him. I can guarantee you, some of those 87,000 IRS agents are just going to work on Elon Musk and his companies. So they first come after anybody who is a capitalist. Anybody who disagrees with them. Anyone who can do anything. They get rid of them, if they can't co-opt them. Then they go after the farmers. And then when there's a problem with the farmers, they then kill the farmers. Or take their land away. And say, you're not doing it right. Well, because farmers have farmed for generations. They know the things that they have to do. It's not like farmers don't know to rest their land. Or to change their crops. Of course, they know that.

They're farmers. Now we have eggheads coming in. And it happens every time communists take control. That's why people end up eating the zoo animals, and then their dogs.

This is really very dangerous. Oh, by the way, in Europe, they're already to the next phase. The first phase was saying, the climate has to be controlled. And we have to control it through the farmers. The farmers then start to collapse. The farmers then start to take to the streets. And say, this is insanity. Well, the next phase is because no one knows where their food comes from. Or how to grow it. The next phase is already happening. The anti-farm sentiment is growing now in Europe. You watch. The farmers are going to get a really bad name. And the farmers are going to be blamed for the food shortages. You watch. I guarantee it. It's already happening in Europe. So now people are taking to the streets, and saying, it's these farmers that are at fault. This story, repeats itself, over and over again, until human beings learn the lesson.

The question is, America: Will we learn the lesson this time?

It's amazing, because on some of these things, we're behind. We have the results from Europe. And we're still doing it.

TV

The ONLY Trump/Epstein Files Theories That Make Sense | Glenn TV | Ep 445

Is the case closed on Jeffrey Epstein and Russiagate? Maybe not. Glenn Beck pulls the thread on the story and its far-reaching implications that could expose a web of scandals and lead to a complete implosion of trust. Glenn lays out five theories that could explain Trump’s frustration over the Epstein files and why Glenn may never talk about the Epstein case again. Plus, Glenn connects the dots between the Russiagate hoax, the Hunter Biden laptop cover-up, and the Steele dossier related to the FBI’s new “grand conspiracy” probe. It all leads to one James Bond-like villain: former CIA Director John Brennan. Then, Bryan Dean Wright, former CIA operations officer, tells Glenn why he believes his former boss Brennan belongs in prison and what must happen to prevent a full-blown trust implosion in American institutions.

RADIO

Rumors explained: Is Fed Chair Jerome Powell OUT?!

After rumors spread that President Trump would soon fire Federal Reserve Chair Jerome Powell, Trump has said that he's "not planning" on it right now. But is it possible for Trump to fire him? Will he resign? And how is the Fed Chair even chosen in the first place? Glenn and his head researcher Jason Buttrill explain ...

Transcript

Below is a rush transcript that may contain errors

GLENN: Well, last night, I was rapidly looking the lie some of these rumors, on X.

Pretty incredible people on what's going on with Jerome Powell and the fed.

What the heck?

I was actually popping popcorn and watching this. It was so crazy.

GLENN: So it's just the rumors, that he is going to be stepping down?

JASON: Well, yeah.

Yeah. Anna Paulina Luna. Congresswoman. She was saying, it was almost imminent, that he was about to be fired. Actually fired.

There were other rumors saying, well, we're not sure about fired.

But he's considering resigning.

GLENN: Yeah. You know why.

JASON: We were like, what the heck is going on?

GLENN: So do you know why?

Do you know why he's resigning? Any guesses? I mean, you had popcorn out. I would love to hear what you have come up with.

JASON: So there was the CPI stuff coming out. The interest rates going up.

We know that the President wants interest rates to come down. I'm assuming that is what the deal is, and there's some sort of internal battle going on.

GLENN: Well, and the president can't fire the Fed chief. Okay?

So the Fed chief is the one that nominated. The federal reserve is the biggest crock of bullcrap I've ever seen in my life.

It's nothing, but the five biggest banks. Okay? And you know which ones they are. They're the ones that keep getting bigger. And everybody else is falling to the wayside.

So the Federal Reserve is the arm of those five banks.

Okay?

And they suggest, who the president can select from.

So the president can't say, I don't want any of these guys. I want this guy. Can't do it.

He has to take a look at the list that all the banks have put together. Is. Say, pick from this list, Mr. President.

Did you know that?

JASON: It's kind of how Iran chooses their next president.

GLENN: It's exactly. It's exactly that way. Except, this religion is all about the almighty dollar.

Okay. So he can't -- he can't pick on his own. But the president has a right to pick one, you know, every term. If it comes up in his term.

The president wants this guy out. And I think he's been really, really bad.

Because he's been wrong on almost -- on almost everything. But show me the -- show me the Fed, you know, the guy who the Fed was right ever.

So he can't fire him. But he wants him out. Because he wants interest rates dropped.

And, you know, the jobs are coming back. Things are coming back.

But interest rates keep coming up.

And the -- and the interest rates, if we keep our interest rates high, we have a harder time borrowing money for our debt.

And it just gets more and more expensive for everybody all along. So the president wants him to back off interest rates. But the Fed chief believes that that could cause more inflation.

Which I think he's right on that one. And I hate to say he was right on anything.

Because I don't think he was ever right.

Makes me question myself. When he's like, well, I think he might have a point on that one. But the president is like, no. He can handle it.

I want them down. I want cheap money again.

He refuses. So what has the president done?

The president can only fire him, with cause!

So what do you do when you can only fire somebody with cause, and you want them out.

You find a cause, and this one is easy.

So the Fed has been the one leading the way saying, we can't keep borrowing money.

We've got to have some fiscal sanity. Right?

This is going to kill us. We have to keep these interest rates high, because you are borrowing too much money. And maybe this is the only way to stop you.

So we got to keep it high, because you've borrowed too much money. And how many times has he testified in front of Congress? We've got to cut. We've got to cut. You can't keep spending like this.

Okay? Well, did you know that the Federal Reserve, with our tax dollars, the five biggest banks, a/k/a the Federal Reserve, is redoing their offices. To the tune of two billion dollars!

Now, I don't know what kind of wallpaper they need there.

But that seems like a pretty hefty renovation, especially when everybody is looking at cutting things. And you're lecturing me about spending money. So they get money from the government, okay? They're telling us, stop spending.
Stop borrowing.

Except, okay. What you've borrowed. I need $2 billion of that, to redo our offices in Washington, DC.

Excuse me?

Why don't you do that yourself. Okay. I think banks maybe have some money.

So they're borrowing that money, and there's $700 million over.

So it's $2 billion. $700 million over budget. And they're still not finished.

And the problem is: They're putting in water features.

They have a rooftop garden they're building.

JASON: Okay.

GLENN: I mean, it is -- it's insane. The president now knows, really? You want to play this game with me. I will sit your ass down in front of Congress, and you answer to the American people, how you're lecturing us about spending. And you're putting in a rooftop garden and a water feature in your office. No! No.

So the president is now threatening, I'll fire you for this. You want to quit, now would be the time to quit.

Otherwise, I'm dragging your butt in front of Congress.

You answer to the American people for this. And they will beg me to fire you.

That's what's happening.

JASON: I looked at that a lot.

Because I was like. There's got to be some leverage that the president had, because they can't get rid of.

But that is a pretty big cut. That sounds like a Babylon Bee article. $2 billion.

GLENN: It does. It does. $2 billion, 700 million over budget.

JASON: Oh, my gosh.

GLENN: I mean, and these are the responsible bankers. No, I don't think so.

It just shows, they don't mean what they say. They'll just keep doing it for themselves. You know, if you really believed that America was really on that financial cliff, why would you do that?

You would lead the way and say, guys, we are going to be the only responsible ones here.

We will lead by example.

No renovation. You know what, go to IKEA?

You need a new desk. Go to IKEA, and get a new desk. Well, we have to keep up our image. We're not going to have a country.

So what do you say, we go to IKEA?

Our image should be, we are going to lead the way out of this madness!

That's what a leader would do.

JASON: So, Glenn, I still don't think I get this disconnect between Trump and Powell on -- we know Trump wants to lower interest rates.

Powell is standing back and saying, basically, he doesn't want to do it.

Is he trying to undermine President Trump on this?

GLENN: President Trump thinks so. President Trump thinks so.

I think so, to some degree.

I mean, I'm worried about inflation.

Look, you know what happened. Do you know what's happening with yap?

JASON: What's happening with Japan?

GLENN: So what's happening with Japan, is Japan has always had this really amazing image of, we're solid. We're absolutely solid.

This is target to crack. The foundation.

1989.

Let me go back to 1989.

This was the crown jury trial of the global economy.

Back in 1989, you probably aren't old enough to remember.

All of a sudden, Japan owned everything in America. We were just becoming Japanese, and everything was being purchased by Japan. Kind of like it feels a little bit like China now.

JASON: They even owned Nakatomi Plaza, Glenn, that Bruce Willis had to save -- they owned everything in every '80s movie!

GLENN: Oh, yeah, they owned absolutely everything.

Okay? And the -- things were so insane in Japan. The grounds of the imperial palace, in Tokyo, on paper was worth more than the entire value of the state of California.


JASON: Wow!

GLENN: Okay?

So their land. Everything just shot up. And so they had all of -- they were flush with all this cash.

And people believed that Japan had suddenly, you know, cracked the formula for, you know, eternal prosperity.

That's the problem. Then it all started to fall apart. And the asset prices. That they had mortgaged against.

Okay?

They had borrowed. Well, the imperial palace was worth more than California.

That doesn't make any sense. You wouldn't mortgage it like that. At least long-term. I will do this real quick, and pay it off.

You would never, ever mortgage, because you know that's inane. Well, nobody ever wanted -- and it seems in governments, nobody ever wants to believe that this is just a fluke. Okay?

So the asset prices collapse. The stock markets plunged. And for three decades, they have gone into this very polite political coma.

Okay? Economic coma. And so the central bank did something radical. They were the first ones to set your interest rate at zero. They lowered the interest rate. They made money so cheap, it was nearly free. Zero percent interest. Sometimes, they would pay you to take out money.

So the -- they had negative interest rates. Can you imagine that? Now, you're not fixing the problem. You're just printing wallpaper to cover the mold. All right?

So they've done this for decades.

Now their debt is I think 260. Or 280 percent of their GDP.

I think, what is ours?

100?

80 percent.

Something crazy. 120. You never believe back.

The death threshold is usually 120, 140.

They're 260 percent of their entire economy is debt.

That's not a crack. That's a fault line.

So this week. Or was it last week? Things started to creek and grown in Japan.

And the government bonds, which are like our treasuries. Is this getting too complex.

Are you following this still?

JASON: Yeah.

GLENN: Okay. So their government bonds.

They were the safest investments on earth.

One of them. Okay?

It's us. Japan, Germany.

They started to fall.

Hard. And when bond prices fall, interest rates were the easily go up.

All right?

So they borrow all this money.

260 percent of their GDP is borrowed. Okay?

So they borrowed all of that money. And they had it at like 3 percent interest. Whatever.

2 percent interest.

And they were paying people.

2 percent.

Well, all of a sudden, the cracks started to appear. And people were like, I'm not sure this is stable at all.

And then the belief of the system started to -- to go away. So people started selling their Japanese bonds.

Once they do that, now the yields have to go up.

What happens when yields go up?

What happens when interest rates go up? For a government. You have to pay more interest on your debt!

Okay?

You add two or three points.

Just imagine, you have an adjustable rate. Okay?

This is a government having an adjustable rate. Except, they have 260 percent of everything they make, in debt!

And it's all leveraged.

And now, their adjustable goes up two, three, four points.

You're not able to afford that anymore, okay?

So massive problem.

Because what it really means is. People don't believe in Japan.

They know the con game is now over.

And investors are saying, you know, I want a whole lot more in return.

Because I just don't believe you anymore.

And it's not just Japan's problem. This is not a neighbor's house on fair.

This is -- imagine we're all living under the same roof. This is the neighbor's apartment, on fire.

We're all under the same roof. We all have the same foundation. And so when this happens to Japan, you should pay attention. And I'll show you the ripple effects in just a second.

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GLENN: Okay. So now if Japan -- that means there's a stampede out of Japan.

And people are starting to look and reprice the risk of their money.

Now they're like, wait a minute.

The most stable. You know, if you're driving a car and it is the safest car in the world and all of a sudden, they just start blowing up on the highway.

You're like, I don't think that's the most -- that's the safest car on the highway.

And if that's the safest car, what does it mean for the car I'm in?

You know what I mean? So now, this is going to push US interest rates going up.

Which makes our mortgage rates go can up. And our car loans more expensive. And the national debt. Which is already costing us $1.2 trillion a year, just in interest.

Now, they can't sell their treasuries. People are skittish on treasuries. Maybe they come to the United States, but they're not so far.

They're getting out of the Japanese interest. Or the bonds there.

Japan has to pay their bills.

What do you do when you have to pay a bill?

And you don't have any money coming in.

You don't have enough money coming in. What do you do?

You sell something. Right? You sell your car. You sell something that you have of value.

Well, what do they have? What do they hold of value? US Treasuries.

So now, we are trying to sell our bonds, for our new debt, they hold our old debt.

They're saying, hey. Anybody want to buy this debt? Because I have to sell it. Fire sale. What do you give me for it?

Okay?

Which makes that debt more attractive, because they can get a better deal there.

Which means, if we want to have new debt, we have to raise our interest rates. Which means, we pay more for interest for our mortgages and everything else.

And it floods the market with bonds, crushing the prices, skyrocketing the costs for us.
And causing even more trouble, in other countries, that have US bonds. Because they start to look and go, nobody is buying these bonds.

Well, of course not. You have two countries. The two stablest countries besides Germany.

You have the two stablest countries now selling US Treasury bonds.

Okay? Really, really bad.

Now, let me add this on.

Germany is now having to pay for their own army.

And so they said, they're going to borrow money.

To build the army.

And they're going to lower their interest rate. So they can borrow more money. All right?

And now, the German bund, which is -- you know, like our Treasury. That's now starting to fall apart.

Well, Germany has some assets, they can sell.

What do you think that asset might be that they want to sell?

US treasuries.

We have been playing an extraordinarily horrible game.

This is why I believe the president wants somebody else in charge of the Fed, because the Fed can say, we're lowering the interest rates.

Because he's got to get more money into the system. So people can spend money, can start businesses. Borrow money.

Get things moving, so we can increase the amount of taxes that we collect.

The more people money -- the more people make, the more taxes we collect.

So he's like, we've got to grow the economy. And the only way we can grow the economy is to lower the interest rates.

But at the same time, interest rates around the world because of what's happening with the bonds is going through the roof.

We are in a very -- we've never been in this position before.

THE GLENN BECK PODCAST

Why the Term "Conspiracy Theory" is CIA-Created Weapon for Control

Conspiracies are of course real and occur every single day. But yet, many in the media and elite political circles attempt to use the term "conspiracy theory" to smear and discredit those who are skeptical of conventional narratives. Where did this term come from and how should we understand it? Journalist Alex Newman joins Glenn Beck to break this down and how it impacts the world as we see it today.

Watch Glenn Beck's FULL Interview with Journalist Alex Newman HERE

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Chalkboard Breakdown: How George Soros & the 'Deep State' funnel YOUR money to radical groups

Where do these massive left-wing radical groups get all their money from? Much of it is effectively a scam that occurs using your tax dollars to fund these groups that you would never support on your own. Glenn Beck heads to the chalkboard to expose the connections so you can visualize exactly how someone like George Soros manipulates the system.

Watch the FULL Episode HERE: Deep State ON NOTICE: New Tech Traces the USAID, Globalist Money Trail