Latest Articles Videos

Live Podcast Serials Stations

About Charity Books Sponsors Shop Contact

RADIOJuly 15, 2022

Inflation vs. taxation: Which form of THIEVERY is worse?

Taxation is theft, but inflation may be even worse. Why? Carol Roth, financial expert and author of ‘The War On Small Business,’ tells Glenn that inflation is a PERMANENT thievery that robs you of EVERYTHING you’ve worked so hard to accomplish. Plus, today’s 9.1 percent inflation was ENTIRELY avoidable, if not for the disastrous central-planning policies enacted by today’s Federal Reserve. ‘It’s just so, so frustrating and angering,’ she says.

Transcript

Below is a rush transcript that may contain errors

GLENN: Carol Roth is a friend and friend of the program. She's the author of the book, The War On Small Business. She's a -- in her words, a recovering investment banker, worked on Wall Street for quite some time. But sees things from Main Street, and can explain things to Main Street as opposed to everybody else, who I just think talks about Wall Street stuff. And that doesn't matter to the average person. Unless you can break it down, and explain it.

Carol Roth, welcome to the program. Hi, Carol.

CAROL: Hi, Glenn. How are you doing?

GLENN: Good. Good.

I am -- do you agree with me on Sri Lanka? You've been following that I'm sure.

CAROL: Yes. I don't know if you know this, but Sri Lanka has an ESG score of 98. So good for them, that really worked out super well.

GLENN: Yeah. I know. Yeah, yeah, I know. So we have a couple of things I want to go through. First of all, the CPI, this is the Consumer Price Index. The inflation number, is at 9.1.

The -- I loved your tweet the other day. Let me see if I can find it. You said, first, there will be no inflation. Then inflation is transitory. Inflation is good for you.

Inflation only hurts the rich. Inflation is the consumer's fault. Inflation is greedy business' fault. Inflation is Putin's fault.

Inflation is backward looking. And your last one, bread lines are a great way to meet people. The latest is, it's backward looking. That's what the White House came out and said, those are old numbers. But they didn't say that the new numbers would be better.

CAROL: I mean, backward-looking. Forward-looking. Up, down, and in circle. Whichever way you're looking. This is something that is affecting all of our lives. You know, I was thinking about taxation. And how taxation is a theft.

But it is a one-time theft. It's a one-time theft of your earnings. Inflation is permanent theft. It permanently steals your ability to purchase goods and services. The wealth that you created.

Everything that you worked hard to earn. And saved. To ever

And this is what we're seeing. And, you know, while the 9.1 percent, you know, wasn't necessarily a surprise, it is still really shocking to see it on paper. And as you and I have discussed before. You know, these are the manipulated numbers. These are the formula changes that have happened, a few times since the 1980s. If you looked on this.

You know, how it would have been on an Apples to Apples basis. To the 1980s. It's probably about double that. So this is theft from the American people. By central planning. That was completely avoidable.

And it is just so, so frustrating and angering.

GLENN: So they -- they said, I read an article early this morning, that talked about, there's a possibility, that by the end of the month, the fed is talking now about raising it another point. Another point.

And you gave me a stat a while back. Because people don't think this. Our debt has interest attached to it.

CAROL: Right.

GLENN: And when we go out as a nation, for a trillion dollars, we have to pay interest. And you gave me a stat for every one point added, it adds to our debt and deficit, how much?

CAROL: Okay. So this is not a direct line. But basically, think about this. We have about, you know, a six to seven-year average on our debt. Which means that our national debt is constantly being refinanced. And as we take on new debt, we have to go out and pay for that at new rates. So whether you're refinancing it, or you're taking on a new debt. For every $1 trillion, that we either refinance or take on a new debt, that will be an extra 100 billion dollars. That is added to our interest service on the debt. So stuff we've always paid for.

It's not like when the fed's fund rate goes pick up. It automatically increases the debt, but it does trip through intervals through to the ten-year yields, and the three-year yields, and the two-year yields, which is the way that we have to finance our debt, and what's paid for.

GLENN: Right. So if we did -- have to redo five trillion dollars in our debt, which is not unusual.

If we had to buy and refinance another 5 trillion on our debt, that would add a trillion dollars' worth of debt. Would it not?

Because we've gone up two points. Or we will have gone up two points.

MEGAN: Yeah. That's correct. Yes.

GLENN: Yeah. Holy cow.

CAROL: Yeah. The projections.

GLENN: At what point -- at what interest rate --

CAROL: I was going to say, if you look at the CBO projections. They project out into the future. And the numbers in terms of the debt, and what we'll be paying on it in the future.

And they're using conservative numbers. They're not even expecting these fed rates, would absolutely blow your mind.

It becomes the largest item, that the government has to pay for, which obviously takes away spending from other areas. And/or increases your taxes.

GLENN: Unless you're using modern monetary theory, which we are now basically using, modern monetary theory. Which means, you can print whatever you want. The government doesn't have to worry about it.

But that's impala -- I mean, they said it in Sri Lanka. They're using modern monetary theory. And it's wiped them out. Wiped them out.

CAROL: Yeah, this is basically the concept of what's happening here, in terms of our liabilities.

They're trying to take a dollar from your left pocket, move it to your right pocket. And go, oh, look. You have a new dollar. You know, that's not the way any of this works.

And we're all feeling the effects of this fantastical buy-in to magic money tree, aka MMT, Modern Monetary Theory. The idea that just because you have the printing press, that you can keep printing money, without having a subsequent effect on the that are. You know, the money is supposed to stand for productivity. You earned this. This is a stable representation of your productivity.

If you double or triple or quadruple the amount of -- of those dollars, without increasing productivity, then each one of those, in turn, is worth less. And that is what is happening, and that's why the value of our dollar is being eroded. Go back to that 1970's Saturday Night Live skit with Dan Aykroyd, pretending to be Jimmy Carter. You know, we'll all be millionaires. And we'll be driving around in cars, that cost, you know, $20 million. So it starts great from a top line standpoint, until you kind of get into it.

GLENN: Right. Okay.

So most people put their money in their IRA, and until they get older, they don't even look at it.

And that's probably a good thing, when you're dealing with the stock market. You just leave it in. And it has its ups and downs. And you start looking at it, when you're maybe 50 or 60. And you're like wait a minute. And start to make sure that it's secure. Because there's not a long horizon, that you're looking at.

What's happening to people's 401(k)s, right now, and what can they do?

CAROL: So there was a research study that I picked up, that came out. And they said, from the beginning of the year to June of this year, people have lost $3.4 trillion in their retirement funds, between 401(k)s and IRAs. This doesn't include any other money that may have been in the market. And this is, you know, a horrendous situation, that has been, you know, completely fueled by fed policy. Really going all the way back to the fed chair Alan Greenspan, who decided, he was going to never let the market fall too much, without having some intervention. Then in the Great Recession, financial crisis, Ben Bernanke took that, put it on steroids. And Glenn Powell and his group have done, has been completely crazy. And we are living through these crazy boom-and-bust cycles. I'm sure most of you have noticed that over the last several decades, things are very different, than they were in the decades before. You know, more of these huge booms and busts. And the reality is, that the people who are already wealthy and well-connected, who have that -- that long-term staying power.

They don't mind this at all, because they benefit when everything goes up, and then when everything goes bust.

And, you know, you as -- you know, as somebody who is panicking, and not sure what to do, you take your money out of the market. Or perhaps, you know, in the great financial -- the Great Recession, financial crisis, your home is foreclosed on. You know, all these things have been, and they fall on the shoulders of the little guy.

And then these -- you know, I call them vulture capitalists, come in. Well-capitalized, buy everything up, at pennies on the dollar. And then are positioned for the next boom cycle of interference.

And this is just an epic wealth transfer. It's been happening on an accelerated basis for decades and decades, and is the outgrowth of just this just horrible central banking experiments, that have gone wrong. And has been a complete menace to society, and to the wealth creation opportunities for the average American.

GLENN: So what do people do?

CAROL: So if you can --

GLENN: I think -- I think we're losing the -- I think we're losing the idea of retirement for a lot of people.

I just -- I don't think that retirement is going to be a thing of the -- of the near future.

CAROL: Yeah. Yeah. Certainly not at the ages, that I think people perhaps were expecting. Because you don't know what's around the corner.

This is where I encourage everybody to talk to their financial adviser. Because each person's scenario is so different. And depending on your time frame, you know, because of these boom-and-bust cycles that are caused by fed and central planning, you know, timing is really important. You know, depending on when it is, you decide to change your portfolio structure.

Change everything in your life. But if you are younger, and you have that ability to have the staying power. You want to do the same thing, that the well-capitalized people are doing. And wait for those bust cycles and be able to participate, as a vulture capitalist. Even though if it's on a smaller scale. And buy low. And ride the upside to that. But you need to have that planning in place. Because we are now living in a way that is not free market. It's completely driven by this sort of externality. And that means, that, you know, timing changes. And if you're somebody who is retiring in a bad cycle, you know, you'll feel that burden on an exponential factor.

GLENN: So I have one more question for you, Carol. Let me take a one-minute break, and talk about what all of this is doing.

What's happening is the president just said, hey, you have to be able to retire. And so I believe he just guaranteed all of the union pension. So that means, I'm now paying for union pensions, if they default. Which is insanity! But, again, it's just another give away. I predicted this, I think in 2009. That the government would step in, and take all the union pensions, I guarantee it.

But that -- that means, everybody else is paying for it.

And we're struggling our own selves. I want to talk to you a bit about that. And then also, if this is what is happening here, what is all of this doing to our countries? That have to pay for things, in dollars?

Back with Carol Roth in just a second. Sixty seconds, and we're back.

Let me tell you about Car Shield. Used to be when the case was, when your car broke down. You either knew how to fix it yourself, which wasn't a lot of fun. Or you had to take a mechanic. And roll the dice. And it was going to cost you an arm and a leg. And that was even less fun. Now you can't even fix your car. Now I can't even diagnosis what is wrong with my car. You need to take it in with a guy with a computer. And the computer will diagnosis.

And God forbid, it's a chip!

Right now, you need medical insurance for your car. It's Car Shield.

The protection plan for about 100 bucks a month.

Now, it's not going to cover everything. Just like your medical insurance doesn't cover everything. All the small things. But man, when it is catastrophic, or it is a big thing, it covers more parts than ever before.

When that happens, you don't have to worry about it. You don't have to deal with the paperwork or the headaches. All you have to do is just let Car Shield know, and they'll handle all of it for you. You can count on Car Shield to help take care of you, when your car breaks down. And you're stuck on the side of the road.

Every protection plan includes coast-to-coast roadside assistance, rental car options, and trip reimbursement, at no extra cost.

So call Car Shield now. Carshield.com/Beck. Carshield.com/Beck. Or call 800-391-8888.

Save 10 percent right now. Carshield.com/Beck. 1-800-391-8888. Back in ten seconds.
(music)

GLENN: So, Carol, first of all, explain what the president did with the unions.

CAROL: So he still is running around, talking about the American rescue plan, which is, you know, hilarious. He's got absolutely nothing to hang his hat on.

So he's going back, running back, and talking about what he did in March 2021. Now, obviously, he's not talking about all the bad things that came out of that. You know, things like -- the stimulus, that caused inflation.

And raising the reporting requirements for Etsy. And e Bay. Or lowering them, excuse me, from $20,000. To $600. Because all those millionaires with $600 a pound. We need to crack down on them.

He's hanging his hat on a piece of the legislation. That was in that, that was called the (inaudible) Louis Act. And, basically, that was, we're going to -- to be the guarantor of the union pensions.

Now, we've been told that unions are very important. You know, they need to be there, in order to secure people's futures, and be there for the workers.

But apparently, they're not real good at managing the pensions. So now we need to get involved.

So he touted, this is going to impact, several million pensions. Some of the reports, I'm seeing, are downplaying that number. And saying, it's fewer.

But basically, what they did, is that there was a pension, Guaranteed Corp, and they allowed them to do some things, and change some things around, and make sure that these pensions were solvent. But what they didn't do was actually anything structural, to fix the pensions.

So just like, you know, Social Security. All of the, you know, state pensions, union pensions.

Like whatever it is, that typically has a defined benefit attached to it. It ends up being a huge drag or a huge burden on everybody. And, you know, not solvent. They just kick the can down the road. But since he had absolutely no other accomplishments to hang his hat on, this is what he was talking about. And with the part of it, that really bothered me. And why I wrote the piece from TheBlaze. Again, this is the picking of winners and losers, that we keep seeing, over and over again, with the government. And in this particular case, they're going to focus on making sure that the union folks, don't lose 40 percent of their pension. But as I just told you. You know, through June this year, they said $3.4 trillion was lost from 401(k)s and retirement funds, for other Americans who aren't affiliated with the unions. So that to me, seems again, just this government picking of winners and losers. And certainly, if you're going to do that. You would think, that wouldn't want to be one thing you want to brag about. Maybe you want to do that on the down low. But, you know, he's out there touting that as his accomplishment.

GLENN: All right. Carol, we will we have to cut you loose. I have to get back to an Ohio story in just a second. Would you come back?

I want to -- we are crippling nations all over. Especially emerging nations.

They are going to be starving to death soon. Some of them. And they have to pay their own debt back in dollars. Dollars are becoming more expensive for them. The world is going to hate us soon, I fear. We'll talk about that, when you come back. Thank you so much, Carol.

THESE are the parts of the government Glenn would LOVE to SHUT DOWN

The United States is once again on the verge of a government shutdown, but should Congress cave and pass a continuing resolution to spend a lot more money and save us all ... or do we not need saving? Glenn reviews what would actually happen under a government shutdown and which agencies we should probably shut down anyways. Maybe we need "15 Days to Slow the Spending."

Transcript

Below is a rush transcript that may contain errors

GLENN: All right. So here's what we have to do this weekend, beginning tonight at midnight, if we don't sign the CR, and continuing resolution, which will give just a buttload of money. Just keep spending, exactly like you were spending last year, and no real accountability for any of it.

And we have to add some more for a war.

If we don't sign that by tonight, we have to shut the government down. Pat Gray is joining us.

What will you do as of 12:01, tonight.

PAT: Well, Stu gave me a suggestion. Because I was confused what I would do when I came in. What am I going to do? What was your suggestion that I should do? Now, this is in the eventuality, of a government shutdown.

GLENN: Okay. Are you well read enough, to give a recommendation?

STU: I mean, I would be concerned if I was going to be held to some legal standard.

GLENN: Right. Because you're not not an expert.

STU: I'm not an expert. But I was thinking you could continue living your life exactly the same way.

GLENN: Okay.

PAT: Oh. Well, that's weird. What about the catastrophe that is -- what about that?

STU: Yeah. You would -- in this particular scenario. It's a fictional scenario, at some level.

GLENN: Okay. You're not a doctor. I think this is dangerous.

STU: What were the things you were going to do?

PAT: Do those things.

STU: The things you weren't going to do, don't do those.

PAT: It's crazy talk.

GLENN: All right. Hang on a second. Here's what's going to happen. Here's what's going to happen, okay? This is from the O and B. The Office of Management & Budget.

And they have now released the contingency plan.

So here's what's going to happen.

Now, please don't panic.

But economic indicators like the Bureau of Labor Statistics, the jobs report could -- could be delayed. This month.

PAT: Don't say that.

GLENN: Yes.

The federal mediation and conciliation service, which is charged with promoting labor management cooperation.

PAT: They'll still have that, right?

GLENN: Well, yes. Yes.

PAT: Good.

GLENN: However, they would have to cut back in its -- they won't close. But they'll have to cut back in some of the things they do.

And this all amid the strike with the auto workers.

PAT: Oh, my gosh.

GLENN: What are the unions and the -- and the -- you know, the plants going to do? Without federal officials. They'll never be able to do anything.

PAT: No, they won't.

STU: And the thing is, we're so a used to high efficiency from the government. That when you lose that -- society --

PAT: It all goes sideways.

GLENN: Time to throw everyone a bone here, so you don't panic. The Federal Reserve activity will be unaffected. So they can still raise the interest rates on November 1st, no matter what happens.

PAT: Good.

STU: Great.

GLENN: The Federal Trade Commission, however, would stop the vast bulk of its competition and consumer protection investigation.

PAT: You can't be serious.

GLENN: I am serious.

They have -- the vast bulk of them, would just stop.

STU: So some of them would continue?

GLENN: Yes. Yes.

STU: But the vast bulk of them -- what percentage does that translate to?

GLENN: Don't know. Vast bulk.

This is from the O&B.

The Security and Exchange Commission, will not review or improve registrations from investment advisers, broker dealers, transfer agents, rating organizations. Investment companies. And municipal advisers.

They're not going to be able to -- if you try to register --

PAT: At the SECC.

GLENN: You won't -- you won't be able to do it.

STU: What is that? For a new fund? Or something? New rating. A two-week process probably?

PAT: What about the FDIC? Do you have information on the FDIC?

GLENN: No, they still do not have all of the -- they're scrambling for this information.

STU: They didn't see this coming.

GLENN: Now, again, to give you some good news.

The IRS has not released this plan for the potential shutdown. However, previous plans have said that the IRS would use funds from Joe Biden's Inflation Reduction Act.

STU: Oh, good.

GLENN: To keep employees paid and working.

PAT: Thank heaven.

GLENN: And the union representing the IRS workers are saying, new plans are being discussed, that would involve some furloughs. However, businesses and individuals, who requested that six-month extension for your tax return in April. You will still be required to file by April 16.

PAT: Well, of course, you would.

STU: Yeah. By what date? October 16th. I was going to say, I thought I had more time.

GLENN: Yeah. Emergency relief is going to be a problem. A shutdown would create increased risk, that FEMA, their relief funds, could be depleted.

So there's a risk, that their funds could be depleted. If large additional catastrophic disasters occur. During the shutdown.

STU: Now, of course, they would very easily pass funding for that almost immediately. But still, we should deny that that would happen.

We will deny that any of these people will get their money afterward.

We all know they will retroactively pay off all of this stuff anyway. It will be a vacation for many people.

PAT: They've already done that. For many people. So, yeah. Sure.

GLENN: For those of you concerned about, hey. What about my energy?

What about the environment?

This is what this Draconian shutdown is going to do.

PAT: Thank you, Republicans.

GLENN: The interior department, which does all of the designing for the Capitol building, and the interiors, and pick out the drapes.

Oh, no. Apparently, it doesn't do that. The department of interior, will retain limited discretion to use permits for energy projects on federal lands and waters, when user fees are attached.

So they'll -- they'll retain just limited discretion, to issue those permits. You know, for drilling, and things like that.

PAT: They don't have full discretion.

GLENN: No. Not during a shutdown.

PAT: During a shutdown. Oh, no.

GLENN: A funding lapse would paralyze -- to develop would require environmental analysis for all energy projects. Highways. And other infrastructure.

The EPA, may be able to continue some IRA-funded activities.

As well as other attempted works such as settlement-funded cleanup at some Superfund sites.

PAT: Let's hope that is the case.

GLENN: Now. The White House is warning, most EPA led inspections at hazardous waste sites, as well as drinking water at chemical facilities, it's got to stop.

PAT: Oh, wow.

GLENN: So your drinking water. Could go completely -- it will stop.

PAT: It will turn to mud this weekend.

GLENN: Well, by Sunday. Maybe Monday.

The Energy Information Administration, which publishes snapshots of the US oil inventory.

It will continue to collect and publish data on schedule. But they say, at least initially.

At least initially. Our nuke sites are going to be maintained. Nuclear Regulatory Commission, however, will stop all licensing of new nuclear facilities.

PAT: Oh, there's so many of those going up too.

Because, I mean, we did the last one in 1978. And bang.

GLENN: This is going to stop.

PAT: Well, there's no new ones.

GLENN: But it will stop.

STU: This was the week. This was the week it would happen.

PAT: And now, thanks to you, MAGA Republicans.

GLENN: Right. Now transportation and travel.

Travelers could face delays as air traffic controllers and transportation security administration officers.

PAT: That will continue.

GLENN: Will be working without pay.

PAT: But without pay.

GLENN: Yeah. So people will --

PAT: I mean, they really are not. They will be paid. Just maybe not time.

GLENN: Right. Which is a hassle.

PAT: It is a hassle. I won't deny that.

GLENN: It is a hassle. However, Amtrak, they will keep transporting those 12 passengers. They will just keep going.

PAT: Is Ange going to continue to tell stories, about how many miles Joe Biden has traveled on the train.

Will he be there? Even in death, as he was when he told the story to Joe Biden?

GLENN: I don't know.

Now, passport and Visas will still be issued.

PAT: I thought those would be delayed. But they're not going to?

GLENN: Efforts to defend the nation and conduct ongoing military operations, will continue.

PAT: Right.

STU: That's good.

GLENN: Burials and tours, at Arlington National Cemetery would continue.

STU: Did anybody doubt, they would stop burying the bodies.

They'll just pile up, until we open up the government.

GLENN: COVID-19, response research including vaccine and therapeutic development by the US government will continue.

PAT: Will continue.

GLENN: The National Institute of Health, might have to postpone clinical trials for diseases like cancer or Alzheimer's, according to the White House. So this may throw him from solving cancer.

We were so close to him coming through with his promise of curing cancer, but it's the damn Republicans.

STU: We can actually check that at any point. If you go to, HasJoeBidenCuredCancer.com.

GLENN: Can you check that real quick? We're really close.

STU: Has Joe Biden cured cancer?

No. Cancer still exists as of today.

GLENN: Food stamps for low income people. The disabled, and others could be delayed.

There's no excuse for that. There's no excuse for that.

That is just to trot out the downtrodden.

The people that just say, look at what's happening. If the IRS can stay open, food stamps can stay open. Social Security checks will be delivered. Applications for benefits processed. However, people will not be able to verify benefits or replace cards.

Most national parks will be closed. The Smithsonian and the National Gallery of Art may close.

PAT: Don't say that.

GLENN: Cemeteries. Monuments. Visitor centers. Worldwide housed under the American Battle Monuments submission, will close.

STU: So are they -- and you said the national parks will close.

That means that many of these open field areas, will -- will not be opened?

GLENN: Yeah. They will -- they will build some fences around those things.

STU: Are they -- we don't seem capable of building fences.

GLENN: They're closed.

But I will tell you, you know they're big on the blue.

They will just be -- I make sure you're out there.

And you enforce that law.

You have somebody coming into the national park.

We don't have bathrooms that are open.

No. What are they going to do, poop in the woods, what kind of animals do you think we are?

PAT: Well, we're animals that poop.

STU: Sometimes -- sometimes that works. At least for many, many centuries.

The Capitol Police will not get paid under this.

PAT: What!

STU: They will -- they will --

PAT: They're under assault again. Just as they were during the insurrection.

STU: By the same people. The extreme MAGA Republicans.

PAT: You're exactly right.

By the same people.

STU: Now they'll get their number later. But for now, they won't get paid.

Except, for them. Unlike thousands and thousands of other federal workers, they actually will still have to do a job.

Most of the federal workers that will get all their money and then not have to do their job for however long this takes.

Which is a terrible, terrible --

GLENN: Just -- I -- I am in. I am in.

I mean, I think we should take a vote, who wants to open it back up?

I think 15 days, to slow the curve of spending. Fifteen days. Let's just do that.

Let's meet again in 15 days. And see if we can open the government up.

STU: We probably --

GLENN: Well, we might. We might.

Fifteen days, to slow the curve of spending.

PAT: And then after that, 30 days are up. After 15, then the 30. We might need another 18 bucks after that.

GLENN: Well, I don't know -- I don't know if the government will survive that.

You know, it may not survive that. Of course, the American people did it for a year.

STU: Yeah, and they don't care about them surviving.

GLENN: No. Nobody really cared about them surviving.

STU: Can I also say too, we talk about these big government cuts that we should do. We think there are things to do, to make the government smaller, and more like it was supposed to be. You know, a limited government.

GLENN: Yeah. We're not talking about any of those, I want you to know.

STU: But maybe we are. You know, haven't they unintentionally identified all the cuts here. Haven't they just said, hey, whatever we're going to just stop doing, the unnecessary parts of the government that can just shut down.

GLENN: You mean those nonessential?

STU: Yeah. The nonessential stuff, we stop doing. And the essential stuff, we stop doing. And we'll go from there. We'll talk about, maybe we need to add this back in. Maybe we can get rid of this other thing.

But isn't that a good starting point? Whatever you say is nonessential, I promise you we should not be doing it.

GLENN: I'm not sure of that. I mean, you know, we're talking about --

STU: Really?

GLENN: Yeah.

We're talking about things like the interior department.

Just having limited discretion to issue permits.

STU: So there will be still issuing permits. But they will have limited vegetation.

Maybe we shouldn't be doing so much permitting. Maybe people should be able to do a lot of the things they want to do.

But if there are certain needs for certain permits. Then the limited permitting might just cover that.

GLENN: Well, you go ahead. While we're all drinking poison by next Wednesday.

Just from our tap, from our homes. While sludge, nuclear waste.

Syringes are pouring out from our kitchen sink.

PAT: So syringes might pour out of our taps?

GLENN: Yes. Yes.

STU: How do they get around the curves?

GLENN: Are you an expert?

STU: No.

GLENN: Are you a doctor?

STU: I'm not a doctor.

GLENN: I am. Let's move on. Very dangerous.

Keep going, Republicans. Keep going.

Do not buckle.

'Why won't ANYONE say THIS in a debate?!' The REAL problem with auto workers strike

The presidential candidates at the 2nd GOP debate were asked to comment on the United Auto Workers strike. But Glenn believes no one got it right. "I have no sympathy for the auto makers," Glenn says, after they got in bed with the federal government in 2008. Ever since then, they've all been pushing for electric vehicles. He also has no sympathy for the UAW, who was all for President Biden. The auto workers themselves, however, are getting hammered. Glenn breaks down the real reason the auto workers strike is concerning: it's a perfect example of how the economy is "in a death cycle." So, why won't anyone say this in a debate?

Transcript

Below is a rush transcript that may contain errors

GLENN: So here's the thing. I want to talk about one other thing they talked about last night. It really pissed me off.

Because nobody got it right. About the striking workers in Detroit.

And I know we have a new station in Detroit. Just hang on for a second.

I don't know if I will make friends or enemies. But just hear me out.

I have no sympathy, for the auto makers. The manufacturers.

Why? Because they got into bed with the federal government, in '08 with the bailout.

And they knew that they were never going to be able to extract themselves from it.

And they had to dump things, like the hydrogen car, which was way down the road.

It was much well-defined. There were already service stations. Shell was about to transform all of their service stations, and carry hydrogen.

But because all the green lovers. And Barack Obama. And he wanted an electric. Why would you want an electric. When you can make the energy here in America, hydrogen, 100 percent clean. Why would you want to go to a battery, that has all kinds of problems, environmentally speaking?

And you don't have the stuff to make them here in America. Why would you do that?

Well, they got into bed.

Congratulations, Chevy. You can start more fires than all the Boy Scouts in America can ever start.

So I have no sympathy for them.

I have no sympathy for the united auto worker's union.

Those guys went in deep.

For Joe Biden.

Now, they held out for a while. Because they didn't like his policies on green. But they eventually gave all their money. And all their support to Joe Biden.

And what did they get? What did they get?

Well, they got a hammer to the head for all of the workers.

But believe I me, there is a reason why these auto worker unions are doing this.

Because we're going into a global economy. Where we will unionize all countries, all across the world.

And guess who will get that extra income? The United Auto Workers.

And all the other -- why do you think Randi Weingarten was over in -- in Ukraine?

Because they're going to have united teachers foundations over in Ukraine.

That's how these unions are going to win.

How could they possibly win, when they are screwing their endorsement is screwing the auto workers. The auto workers. You know why they want so much money?

And they want now a four-day workweek, and everything else?

Because they know their jobs are gone. They know, it doesn't take that many people, that can be done here in America, to make an automobile, if it's all electric.

It takes fewer workers to do it. And a lot of it, the batteries and everything else, not going to be made here.

They'll be made here, like, you know.

Like American giant makes clothes here.

Okay. Well, there's one company, that you can -- but that's not 98 percent of the product, coming from America.

That's 1 percent of the product coming from America.

And they know it. And they know it.

But what does Joe Biden do?

Now, remember, we bailed out the auto industry, in '08. That's what got them into bed.

Now to get them, ford has lost $2 billion, this year alone.

All because of the EV.

So what does Joe Biden say? Joe Biden goes and says, they need this pay raise.

Well, I'm all for pay raises.

I'm for pay raises. Because everybody is losing money. Because of inflation.

But what causes inflation?

Inflation is caused by the government just printing more money.

Is what are they doing? They are printing money, so they can give the money to the big, you know, Ford and Chrysler and everybody else.

They can give these big bailouts to them. And they're subsidizing every car, if it's the car they want.

They're subsidizing every car. So that's what's causing your inflation.

Just that alone, is enough damage. But they're doing that on everything. Everything.

So I'm for them getting raises.

I'm good for them having a good life. Just like I'm for everybody having good health care and everything else.

But Joe Biden comes and says, yeah. You deserve that particular raise you're asking for. Which has what? It works out to like $135 an hour.

Or something like that.

The most expensive auto build is 60 or $65 an hour.

China is practically slave labor. Now, I'm not suggesting that, you know, we do slave labor.

And I'm not suggesting that we don't do $70 an hour.

It's expensive to live here in America. I get it. But you want to put the big three auto workers out of business? You start paying your auto workers, $135 an hour.

Which Joe Biden is for. They'll have money. But the money that it will pass the average person to buy the car, how much more will that add to the price tag?

So you do buy American cars, because they will be too expensive in America! And so what the government do? The government will make new incentives. And print more money. And try to offset that cost, so you will buy American.

You're in the death cycle.

You're in the death cycle, right now.

Why will no one say this, in a debate?

Why will no one actually talk about inflation?

And what is causing inflation? The price of your food is not going up. Okay?

You have to understand this.

The price of your food is not going up.

The value of your dollar is going down.

That's what's happening. Well, these people are getting rich off the backs of the American people.

No! It takes more dollars to buy the same thing. It's inflation. Everything the government is doing right now, is destroying our economy. Destroying our dollar. Destroying your ability to keep your head above water. And that is all Biden and this worthless bunch of economic geniuses. Who are doing things under different names, that have always failed.

Always failed.

We don't like to hear that last night.

We don't like to hear that. Instead of the placating of the unions. And then just blaming.

I'm sick of it. I'm sick of it.

Dad WARNS parents: 'Government TRANSITIONED my daughter'

Glenn recently exposed just how dire the battle for parental rights against tyrannical governments in America has become. You can watch this full episode of Glenn TV here: Parental Advisory: The EXPLICIT Plot ... But the situation is even worse in Canada. Glenn speaks with a father, who wished to remain anonymous, who has spent years battling his government over simple parental rights. Ultimately, he was "hauled in" for refusing to "affirm" his daughter's gender, something the government called "family violence." Then, he was thrown in prison for refusing to obey the government's attempt to silence him. But that didn't deter him. He joins Glenn to tell his story and warn American parents that this Leftist tyranny is coming for them as well: "The world needs to know what’s happening to their kids in darkness."

Transcript

Below is a rush transcript that may contain errors

GLENN: Just going to call you dad, on the program. Dad, how you are?

DAD: I'm good, how you are today?

GLENN: I'm good. Didn't expect you to sound this great. You have gone through hell for the last three or four years.

DAD: Yes.

GLENN: How did it start?

DAD: It started with my daughter in the public schools. They're -- they passed a program here called SOGI123. Stands for sexual orientation, gender identity.

And what that is, is it -- supposedly, they called it an anti-bullying program. But it's actually a policy. And what happens in the schools, they're essentially telling kids, you can be -- you know, you can be homosexual. You can be lesbian. You can be bisexual. All the letters of the alphabet of LGBT. And when my daughter went to school, it was when the pilot program was initiated.

And so she was indoctrinated among the first in his program. So that's kind of where it all started. So she had mental health issues. I knew that. But the school decided, we're going to direct her, towards being transgender. Because at that time, that's how they -- how they dealt with all mental health problems with children. Was just to transgender them.

GLENN: Jeez.

DAD: And the idea behind that. It sort of, to me, reminds me of a video game. Where you have avatars.

And these kids will sit there for hours, creating their perfect character. So now you have these adults, these perverted adults coming at your child and telling them, hey, if you're not happy being a girl, create your own -- whoever you want to be. Be an avatar. Forget about that sad girl. Become a boy.

Of course, this is a very -- alluring to them, right?

This will solve all their problems. That's where it all started in the schools.

Where I caught on, was fairly early on.

I didn't realize the extent of it all.

But at one point, you know, my daughter went to see a psychologist, who goes by the name Dr. IJ. These are publication names of all of these doctors. Because they're clearly so proud of what they do, that they're hiding behind confidential badges at this point. But I thought, you know, this is great. This person is going to fix this.

Clearly, my daughter is not a boy trapped in a girl's body. That's impossible.

But instead, he -- he went affirm. Affirm. Affirm.

And the next thing you know, my daughter is headed to the BC children's hospital here. In August of 2018.

And on her first visit. They will pump her full of testosterone.

I'm like, this is crazy.

My ex-wife gives me a call. I said, okay. I'll put a stop to it.

So they sent me what was called an Informed Consent Form. Which I find out later, it doesn't mean much.

Of course, my daughter was talking to -- my ex-wife signed it. I read it, and I refuse. It's talking about all the irreversible changes. You know, lowered voice. Increase growth of hair.

GLENN: Sterilization.

DAD: And sterilization.

And what this thing goes on to say, at the end, which is probably the whole thing, is that it says, the mental effects and safety of testosterone are actually not fully understood.

And there may be some risks that are not yet known.

It's in their consent form.

They're asking my daughter to consent to this stuff. Of course I said no.

So they have been asking for four or five months. So I finally get a letter in the mail, in December of 2018, and it's from the children's hospital. And they say, we don't need your consent. We're going to give her testosterone anyway, under something in British Columbia called the Infant Act. And you have two weeks to file in court.

GLENN: The Infant Act?

DAD: They call it the Infant Act in British Columbia.

GLENN: And wait. Wait. How old is your daughter at this time?

DAD: At this time, she's fourteen.

GLENN: Okay. This started when she was 11.

DAD: I would say around 11. Grade four and five.

GLENN: And she's not an infant now. I just want to make sure, she's not an infant.

DAD: No. Currently, she will turn 19 in October.

So that tells you how long I've been battling this. She's -- she's finally not going to be an infant and a minor soon.

But -- so, anyway, so I take it to court. Because I'm thinking. They will forget about the LGBTQ component of this.

You don't medically do something like this to a child, to a minor.

You know, I don't have feeling in my arm, so I will just have it cut off. Well, you don't let kids do this stuff. But, boy, did I have a wake-up call.

To find out what I was in the middle of.

And so, yeah. I filed, what they called a notice of motion. In BC provincial court in December of 2018, and it led to five years in the courts.

GLENN: And you went to prison, why?

DAD: Went to prison, as you mentioned. Yeah, that's sort of phase two of the story. The first part has to do with my actual battle to save my daughter from being a victim of all of this stuff. Of -- of the cross-sex hormones and the puberty blockers. And so what happened, in court, in January, the -- the judge said that, you know, for me to misgender my daughter, for example, was going to be considered family violence. All of these crazy things came out. I was not allowed to dissuade her from -- I can only affirm, affirm, affirm. Or that was family violence. So all of these rules were suddenly put on. Which pretty much eliminated my ability to parent her on this issue at all.

And so what I did, is -- I spoke with the Federalist after that ruling. And I said to the Federalist. I said, well, it's a delusion.

I'm going to keep calling my daughter a daughter if that's the reality. I don't care if the court is telling me to lie.

And so I was called in for family violence, under another judge. And then this is where they added all of the stuff, where I could be arrested again. There's a protection order on me, that says I could be arrested without warrant. Came up to the police.

And --

GLENN: For what? What do you mean? Arrested for warrant? For what?

DAD: Arrested if someone thought I was misgendering my daughter, or not affirming her.

So it was really kind of vague. It was really vague. And it showed you the power that the transgendered activists really had on this province. Probably in some sense, they still do. Although, things are changing, just like they are in the United States. That they could get away with something like this.

GLENN: Slowly.

DAD: Now, where the change kind of came in, and I should hit on this quickly.

The National Post, the big newspaper out here in January for this, when the court case was starting.

They put out a front page article on it.
You know, Who decides?

The parent, the doctor.

Now, the problem is, they tried to put my daughter on a pedestal. Because that had worked well for the transgender activist, to shame the father, but you do it publicly.

But the problem was, all the comments, at the end of the story, were supporting my position, and they were really going after the trends. And so this is when they thought, okay. New tactic.

We won't do it this more anymore. We will -- we will shut the story down.

They're not allowed to know what's going on. Because they will not end well for us. This will end -- and that's essentially, what they've tried to do.

GLENN: And so there was a gag order against you.

You would be sent to prison, if you violated the gag order. And spoke to any press member, or was it anybody, about what you were going through?

DAD: The honest truth, and this may sound super crazy. But my gag order actually said in it, that I could only speak to my two lawyers. Not even my parents or my family about this matter. Only my two lawyers. Said it's considered a privileged conversation over my daughter.

GLENN: This is insane. This is insane.

DAD: That's how bad it got. We appalled all of this. In the Court of Appeals. And we did go into the Court of Appeals, back in -- September of 2019. And we got a bit of a whiff. Five months later, and in that ruling, the BC Court of Appeals said, well, we're going to take away the protection order. We're going to make it a civil order. Instead of a criminal one.

And they also said, I do have the right to dissuade my daughter from being transgender. They said, we're taking away the affirmation model.

And they also said, yeah. Under the infant act, the parents don't get to decide, what their child wants to do. But neither does the child. Essentially what they said, it's on the shoulders of the doctors alone.

GLENN: Oh, my gosh.

DAD: So the doctors here in BC decide, whether your child transitions or not. The good news, when this contagion possibly comes to an end, which it will, there will be a lot of law cases, you know, a lot of girls being turned into boys that now have a right to sue that doctor, and say, hey, you know, why did you transition me? I didn't really know what I was talking about. And yet, you thought I was doing the right thing.

And this is the reason why I fight this so hard. Is because, you know, my daughter will never be able to come to me, personally. And say, hey, Dad. Why did you rush me down to the gender clinic?

And I'll say, I did. The opposite. I tried to save you from going to the gender clinically.

But you were rushed there from the government.

GLENN: Go ahead.

DAD: Keep in mind. In this case. It's not about parental rights at all. It's the government that transitioned my daughter. It has nothing to do with me or my ex-wife. What our positions were.

It was the government itself, which is different than what's happening in the US where they were handing off kids to the parent that will transition.

GLENN: All right.

DAD: That doesn't need to matter.

GLENN: Do you have any relationship with her now?

DAD: I don't right now. And I can tell you a bit what happened. This is a part of what they do over there on the far left. Is my daughter would sneak over to my place. And she would have to tell the -- the -- my ex-wife, her mom. That she was visiting friends at school.

And, of course, the lesbian activist lawyer Robert Finley attached as the lawyer for my daughter. And so what happened is my daughter at one point came and said to me, and said, Dad, I can't come over to see you anymore. And I asked her, why is that?

She said, well, they're giving me a choice. He said, if I keep seeing you, they won't fight for me to get microphones at his house.

So they said -- so essentially they bribed her. They said, pick your Dad, or pick -- becoming a boy.

And I haven't heard from her since. I guess she chose to become a boy. This is what they do with these kids. These vulnerable kids. Is they really gang up and bully on these kids.

And to get them to transition. And it's -- yeah. My daughter was a complete victim. But, again, this also destroys families. And I think that's also part of -- the intention. Is to destroy families as well. So to answer the question, I haven't seen her. Not since Christmas of 2019. The last time I saw her.

GLENN: Oh, my gosh.

Let me if I can just tell you, that amazing things happen over time.

My daughter went to Fordham University. And I was working in New York at the time. And they totally flipped her against me. I mean, totally flipped her against me.

I was a bigot, because I wouldn't agree with gay marriage. I had never been against gay marriage. I'm more of a Libertarian on this. I just don't think the government has any right to be in anybody's marriage, period.

And she was convinced because they held rallies against me and everything else, at her school.

DAD: Oh, wow.

GLENN: And I thought I had lost her forever. And after a while of getting out of school, and being, you know -- just being, you know, out from underneath thumb, she began to see things differently, and we're very close today.

So hopefully, it won't last forever. It will just be an agonizing time you lose with your daughter. And I'm sorry for that. Go ahead.

DAD: Yeah. And that's encouraging. Because, you know, that's -- I go through this with my conscience clean. And I hope that, you know, my arms are wide open, waiting for her to come back. After, you know, she's done whatever she's doing. Which is terrible. Which is terrible for herself.

But, you know, I'm waiting here for her. And I would like to think that at the end of the day, it will be those that affirmed her, she will resent. And she will appreciate what I tried to do for her. Even though I didn't succeed for her.

Obviously, I'm so thrilled, as what I'm seeing, as we are succeeding in countries around the world.

You know, in Europe, obviously the United States. How many states. And even in Canada. Our federal government. Or sorry, not government.

But, you know, they passed a resolution. One of them being that they will never allow anyone of the age of 18, to medically transition.

And so, so hopefully they do. They're up in the polls right now, people want this stuff.

But -- but anyways, I guess this goes to the second part of -- of my story in some ways.

I went through the first half pretty quickly.

But so -- so we had this ruling on the BC court of appeal.

And we're debating whether to appeal that to the Supreme Court of Canada.

In fact, we kind of worked on it.

And any time decided, well, we sort of got this, to see the doctors down the road.

Let's just leave it, because the -- the -- the -- the federal court, in Canada, is pretty loaded up with left-leaning judges. And so we thought, well, we probably would do better for a repeal going forward. So at that point, I fired my two lawyers. Not because of this. But because to protect them.

So I fired my two lawyers. Got them off the record. And I said, okay. Well, that's the end of the line, legally for the moment.

I'm going to protect them. And I'm going to break all these gag orders. You know, the world needs to know, what's happening to their kids in darkness in these schools.

You know, as an example, that came out in affidavits, when my daughter changed her name, from her female name to a male name, I was under the impression, that this was by her design. No. It was the school counselor, that changed her name.

Judge tries to take down Trump with RIDICULOUS Mar-a-Lago ruling

A New York court has ruled that former president Donald Trump and some of his children have committed fraud for years, in part by inflating the value of Trump's properties. But Glenn has his doubts about the judge's ruling, specifically because he ruled that Mar-A-Lago is only worth $18 million. Glenn and Stu compare that ridiculous Mar-a-Lago ruling to the prices of much smaller and way less historic houses and condos in the Palm Beach area — and it only makes it more obvious that this is just another attempt to take down Trump.

Transcript

Below is a rush transcript that may contain errors

GLENN: A New York court ruled Tuesday. Boy, I have to tell you.

If I were in New York, or I were in Washington, DC, or any of these blue states, I would be thinking, I should probably leave here.

Because I don't think I can get a fair trial.

New York court ruled Tuesday, that former President Donald Trump had committed fraud for years, to build his fortune.

New York judge Arthur Engoron, ruled in a civil case, brought by New York Attorney General James.

Now, this is the one that was like, I'm going to get him! I'm going to get him!

So --

STU: That's what she ran.

GLENN: That's what she ran on.

Not the little dog as well. But she did run --

STU: She didn't specify the size of the dog. That's true.

GLENN: That's exactly right. Okay.

So the -- the court system, and the -- the DA decided, not to prosecute. Okay?

They decided --

STU: Alvin brag.

GLENN: Yeah. Alvin brag. They decided not to prosecute.

Police, the southern district of energetic. FBI. No one took this on. Because they didn't think there was anything there.

So she decides to go to civil court, to take them on.

Now she found a judge, that will say, that he engaged in fraud.

Now, do I think that Donald Trump inflated numbers of his wealth?

Yes. Yes. I do.

STU: Really? Now, what evidence do you have?

GLENN: Well, everything. Pretty much everything.

STU: Now, it's totally fine to do that publicly. Totally fine is not the right. It's not illegal to say you have $10 billion. When you have $2 billion. Whatever.

I'm not saying that's what he did.

You can say that. You can say, you're the wealthiest person in the world. When you're not publicly, at a press conference. And there's no crime being committed.

GLENN: But I will tell you, if you're misstating things intentionally.

That is called fraud.

STU: Especially when you do it on documents, over and over and over again to banks. And insurance companies.

GLENN: Now, I don't know about you. But I've never lied on my banking statements when I go to get a loan. Because they generally check those things out.

STU: I would be terrified to do so.

GLENN: Right. Right.

STU: Now, you have the reputation.

And, again, I don't know if this was Trump specifically. This was about his organization.

It could be one of his other executives doing it.

It does seem like it was done often

When you're Donald Trump, you have a reputation of being Donald Trump. Being very wealthy. Everything is the most grandiose thing in the world. There's probably not much questioning. Right?

GLENN: Really? They will give you a $250 million loan and not check it out?

STU: Are they going to check out the square footage of his apartment?

Probably not, right?

GLENN: So -- so -- so the judge said yesterday, that Mar-a-Lago -- he overstated the price.

STU: Just a tad.

GLENN: Just a tad. He said, it's worth $18 million.

STU: I think it was the other way around. He said it was worth more for this particular.

GLENN: No. No. No.

The judge said it was only worth 18 million.

STU: Okay.

It was he --

GLENN: Yeah. No Trump said --

STU: 700 million, I think.

GLENN: Yeah. And he did put probably $100 million into that place.

And it is also a legacy property.

I mean, it's not going for $18 million.

STU: Now, I'm going to say, neither one may be correct. If I were to say, which one is closer to its actual value. I would say, $700 million.

GLENN: I would too.

I mean, it could be worth 200, 300, 500 million. It's not worth 25 million, or 7 million. There's no way.

STU: Right. No! There's no way. How many square feet, is it?

GLENN: I don't even know.

It's this entire peninsula, that goes out of this land bridge, in west palm. I don't know if you can get an apartment for $80 million. Right on the water. Both sides.

STU: Right. A normal 4,000 square foot house, which I would assume is pretty small, right?

For West Palm Beach, but probably like, the average McMansion in Florida is 4,000.

GLENN: Maybe. Maybe.

STU: I'm just guestimating here. But a 4,000 square foot house in West Palm Beach is already, got to be, 4 million, $5 million.

GLENN: Go to realtor.com. Find out.

STU: There you go. By the way, 126 rooms. He took down to 500 square feet at Mar-a-Lago. And it's a business.

GLENN: All right. 62,000 square feet. Okay.

With both sides on the ocean. This has and golf courses. Right?

GLENN: Yeah.

And it's -- it's got a banquet room.

It is -- I mean, it's crazy.

STU: Could you convince me it's only worth 300 million.

Yeah. Maybe. But it's not worth 18.

GLENN: So this is a 50-year-old movie studio. Okay?

Fifty-year-old movie studio.

I mean, it is a historic site in Texas now, but it's not like Mar-a-Lago.

STU: No. The one we're sitting in right now.

GLENN: The one we're sitting in right now. It's maybe worth $50 million. Okay? $50 million. You're telling me, I could have had Mar-a-Lago.

I think I would have taken Mar-a-Lago.

STU: Did they really say $18 million is the right number?

GLENN: That's what the judge said, $18 million.

STU: And that's completely absurd. What year were they talking about?

In 1945, maybe it's worth $18 million.

GLENN: It's crazy.

STU: That's really, legitimately nuts.

West Palm Beach is one of the most expensive areas in the entire country.

It is obviously like, this is a place where super wealthy people run away from other wealthy people.

When they're annoyed with low class wealthy people, they go to west Palm Beach.

GLENN: Right. So let me go to any price listing. Where can I get rooms -- I mean, I could get from high to low.

It doesn't necessarily do that. That's ridiculous. High to low.

STU: I love how Glenn's head is attempting tasks. This is how it will work.

GLENN: Thank you. I will put a minimum of 5 million. $5 million is the minimum I want to see.

Okay. So let's -- all right.

So I have a three-bedroom. Three and a half bath for 7.8 million. That's a condo overlooking, okay?

I have another condo for 6.1.

STU: Do they have the footage listed or no?

GLENN: Yeah. 2000 square feet.

STU: 2000 square feet. And how many millions --

GLENN: 6.1.

STU: But you can get Mar-a-Lago for three times the cost? Wow.

GLENN: Yeah. I have a 1-acre lot. Okay?

It has -- it shows a picture of the house. But I have a feeling, the house is so horrible.

You know how they do that. Look at this. And they're selling it as a lot, and not a house.

8.4. A 1 acre lot. How many acres is Mar-a-Lago.

STU: That's a good question.

GLENN: A lot.

STU: It was 1980. The cost.

Let's see. Looking here. 17-acre state.

That's the federal foundation.

Yeah. It's hard to -- looks like 17 acres.

But there's a 3.2-acre plot. Which has nothing on it. It's just grass.

Currently listed for $200 million. It is -- it is a --

GLENN: Oh, yeah.

STU: It's a very nice plot of land.

GLENN: Right.

STU: However, you know, you wouldn't think that just land would be 240 -- they haven't sold it yet.

It could be one of those e Bay things where it hasn't sold.

GLENN: Where I have a five-bedroom, five and a half bath, five thousand square feet, and half an acre.

STU: Okay. So this is what you might throw at, as a McMansion. Right? A very nice, big house. Not a ton of land.

GLENN: Right. A half an acre.

STU: The house fits, but barely.

GLENN: Uh-huh. Yes.

STU: How much are they asking for that?

GLENN: 11.9.

I'm -- I'm just saying.

STU: It's an expensive area.

GLENN: There's a condo here for five thousands of individuals square feet. Four bedroom. Five and a half bath. No land.

8.4. There is a condo. Six bedroom condo.

Six bedroom, seven and a half bath. 9,232 square feet.

And that's 39 million.

STU: I mean, come on. The claim is that the Palm Beach county assessor had appraised Mar-a-Lago between 18 million and 27.6 million.

Now, the assessors a lot of times, have strange values on homes, right? Have you ever noticed that? Again, you're not doing this yourself.

You're looking at someone else, assessing your home.

And it doesn't always align with what Zillow says.

So that would necessarily be fraud. You have to believe, it's much, much closer -- I mean, $426.5 for Mar-a-Lago, which was their low -- low end value that Trump had put it at.

GLENN: Is reasonable. Reasonable.

STU: Seems reasonable. Again, I've never bought anything in the nine figures. Never made a 9-figure purchase.

GLENN: Really?

STU: But I would assume.

GLENN: I make them all the time.

STU: Yeah, you might make them all the time. I'm trying to -- you have to understand. I'm saying to the audience, you have to understand. So the audience understands. Trying to get Glenn to understand, not everyone makes -- you know, a nine-figure purchase, look, the difference between 100 and 400 million for the average person. Might be difficult to -- how would you even figure that out, without going to some expert?

I have to believe, just back at the envelope. $400 million seems pretty reasonable for Mar-a-Lago. It's probably around where it is.

It couldn't possibly be 18 million. That is bonkers!

And anyone who knows anything about real estate would say that.

Yet, everybody in the media, I have heard talk about this story, as quoted in the overstatement of 2300 percent -- from -- from Letitia James.

Which is kind of -- it's bonkers.

GLENN: So, anyway, they are breaking his companies up now. The -- the court has taken control.

And has assigned people to take over the company. And break it apart.

And I don't know. Sell the assets off. I guess that's what you do.

If anybody is in the -- in the market for a really huge, really huge house, that also has beachfront property on both sides of it, you might be able to get a deal soon.

STU: Well, this is a no longer based ruling. What is in danger, are his New York properties.

Which is the gulf in Westchester. Trump Tower.

GLENN: It's unbelievable. Unbelievable.

STU: They're really going after all of it. And trying to get him to force his control to be gone.

Eric is the one to run the company right now. And he would be out.

GLENN: This is why we have always, always done well, in America.

Because you could count automate law to be consistent.

Nobody -- in my lifetime, I never heard, you know, stories, day after day. Where I went, wow. Never heard that done before.

Never. And that's why people invested in America.

That's why companies were built here in America. Because somebody just couldn't take it away from you.

STU: That's why you don't want to do business in Venezuela.

GLENN: Exactly right.

They can take it away. They can accuse you of something, and take it away.

And the law did not really matter. The law was just a player, in somebody's curio cabinet.

And that's exactly what's happening now in America. You want to destroy somebody.

No, you can destroy them. Destroy their whole life.

It's really sick.