Latest Articles Videos Hands-On History

Live Podcast Serials Stations

About Charity Real Estate 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.

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.

EXPLAINED: George Soros’ money is RUINING American cities Watch later Share

Thankfully, many are beginning to realize the DANGEROUS influence that billionaire George Soros and his money have on elections and politics in the U.S. In fact, Soros-backed prosecutors and Attorney Generals have RUINED several of America’s biggest cities, riddling them with crime and chaos. Soros, possibly feeling the heat, recently took to the Wall Street Journal to defend his practices. But his words won’t fool Glenn. In this clip, Glenn reads the op-ed and explains why Soros' money should be BANNED from America for GOOD.

Transcript

Below is a rush transcript that may contain errors

GLENN: It is time now for our George Soros update.
(music)
Yes. It's weird, the George Soros update suspiciously sounds almost like the Darth Vader theme. But I think that's purely a coincidence.

George Soros is in the news, because he's giving a lot of heat for his meddling in our elections and putting in all of these AGs that are now being thrown out of office. You can't even -- the cities can't even wait for the next election. They're like, please, make it stop. So George Soros just wrote an essay in the Wall Street, and I've had it on my desk. And I'm just -- we're getting so far behind, I just have to take -- I have to take pepperoni eyes, at his word. And say, you know, the evil emperor has spoken. So let's listen to what he has to say. And he said, like most of us. I'm very, very concerned about crime. One of government's most (snoring) important roles to ensure safety. The criminal justice system, in the more than 30 years, that I have been a -- fill-in rapist? What's a fill-in rapist? Anyway, our system is right after with injustices, that make us all less safe. The idea that we need to choose between justice and safety is false. They reinforce each other. If people trust the justice system, it will work. And if the system works, public safety will improve. No toys!

Anyway, we need to acknowledge that black people in U.S. are five times as likely to be sent to jail as white people. That is an injustice that undermines our democracy. No. Okay. Can we stop looking at things as groups, please? An injustice will happen to one person, not necessarily to a group. So let's not say, all black people are bad. Or all white people are good. Or all black people shouldn't be in prison. All white people shouldn't be in prison. What do you say? The ones who have actually committed crimes, should go to jail. I don't care what color they are. I don't care -- justice is blind. You know what would solve this? You know what would solve this? Is if we just stuck forks in all of the judges eyes. Then they would be blind. Justice is supposed to be blind. Maybe we make it mandatory. You want to be a judge? You've got to be blind. And nobody tell him what color -- he doesn't know it's a white guy that he just sentenced. Oh.

We spend $81 billion every year, keeping around 2 million people in prisons and jails. Well, if that's what it takes, to keep, you know, murderers off the streets, I'm kind of okay with that. Are -- you know, are you? Look, I am looking for ways to invest more in preventing crime, and strategies that work. Now, listen to this. He's more interested investing in preventing crime, and strategies, that work! This genders -- both safety and justice is based both on common sense and evidence. It is popular. It is effective. Is that why everybody is having a recall of all of your DA's?

Because it's so popular. You know what, forget about the stabbing and the shooting. I love this guy, when the job that they are doing in office, so much. I want to get him out of office, before the next election. They've just done such good work. Sure, we could keep him in there. But I want to reward them, by getting them out of office. That, George, is not popular. This agendas is popular. Serious scholars. Overcomes scholars. Researching causes behinds the recent increase in crime. Have pointed to other factors. A disturbing rise in mental illness among young people, due to the isolation imposed by covid lockdowns. Oh. So we're now -- we're now recognizing that that caused mental illness. A pullback of policing in the wake of public criminal justice reform protest. Those aren't criminal justice reform protest. Those were mobs in the street. That were condemning our cops, and calling them all killers. I don't know if you noticed this, George, but that little experiment led to a lot of great cops, just leaving. It led to also places, just firing a bunch of cops. Have you been to Seattle lately? Oh, it's beautiful this time of year.

When the -- when the red from the blood, kind of just kind of reflects up on the green of the trees, oh, you feel like it's Christmastime. Many of the same people, who called for more punitive criminal justice policies, also support looser gun laws. Yeah. Somebody should have a gun. Because your people are letting all of the criminals out in the street. This is why I've supported the election. And more recently, in reelection of prosecutors, who support reform. I have done it transparently. Oh, my gosh, you are so transparent. You are as transparent as a mountain. And I have no intention of stopping -- of course not. Nothing can stop you. Nothing can stop you. No sane country in the world, would allow somebody to come into the country, like George Soros, and just meddle in our elections like he's doing. Just shape -- get into bed with the left. Fund them to the tune of billions of dollars. Millions of dollars, going through all these shadow organizations. To fund everything that could destroy us. No, no, no. No. I'm serious. It's going to be very, very, very goods. Yeah. Very good.

What I want you to do is maybe put in some Russian people, in for police. You're missing police. So I thought maybe we -- I find it kind of fun. Meet Boris.

Oh. Oh, good. The police. Oh, they're going to be Russians. That's fantastic. Yeah.

Well, I -- I kind of assure people will be hurt. Legs will be broken. But, you know, you have to break some legs. Okay. Okay. All right. Hey, here's something else that he's doing. He is spearheading with Joe Biden, efforts against election integrity. He is spending all kinds of money. Just to make sure everything is safe. And comes out the way it should, you know. A proposed constitutional amendment in Michigan, by a Soros-funded group. Would prevent both stricter voter ID requirements. And a ban on private donations to election officials from being enacted. So he's -- he's like, what, I just want to give some money to some election officials. What could possibly go wrong? You call it a bribe. I call it happy money.

Federal agencies, under the Biden administration, now seeking to increase voter registration and turnout. A group linked to the left-wing mega donor, George Soros. Why are you saying this? Why are you saying my name? Is because I'm Jewish. Is pushing for a constitutional amendment, in the battleground state of Michigan, that would allow Zuckerbucks to be used in election administration.

Oh. What could possibly be wrong? Would the press leave me alone, if I said, you know what, I'm going to fund like it's -- it's like a traveling library. Except, it's a traveling little bus. That you can vote in. And I'm going to go to all of those counties that are the deepest, deepest of red. And I'm going to make sure that we get every vote. Of course, I -- I'm just funding it. I have nothing to do. I have nothing to say about it. And, oh, I've paid off some people in the -- in the local precincts. You know, just -- I'm just giving them some happy money. Would anyone in the press say, oh, that's okay for Glenn Beck to do it? No, of course not. I wouldn't do it, because I wouldn't be cool with it. The states, that is their job. Oh.

Anyway, so he is now working with Biden, funding all of this stuff. Earlier this year, Biden put out his entire cabinet, all the departments, such as housing and urban development. Health and Human Services. And the labor department. Boris is busy right now. You want more legs broken. What? They now want to turn their work and, you know, sure. I want you -- you know those assisted housing centers. Those are fantastic. Can you just register some people too?

Federal agencies are now participating in voter turnout efforts. And, by the way, I just want you to know, those agencies are all now run by Democrats. Would you be okay with this, Democrats? If Donald Trump just said, hey, guys. An hour of can't workday. Just an hour. You Democrats. You, you. Well, not you. How do you vote? Yeah. Not you. But you, you, and you. I want you to turn your agency into a voter registration agency. This is insane! Insane.

George Soros should be banned from the United States. His money should be banned. By the way, a judge in San Francisco. You know, he -- yesterday, they were like, we've got to allow none citizens to vote. Because -- because noncitizen has the word citizen in it. So they're citizens. Noncitizens. And they should vote.

Yeah. Well, there was a ruling that has just been released. The judge in San Francisco. Let me say that again. A California judge, struck down the San Francisco city ordinance, allowing noncitizens to vote. Huh. Gee. What could have gone wrong with that?

It's amazing how our government has been turned into an instrument, that is opposed to our individual rights. And protecting our individual rights. Our vote is sacred. You have a right to have your voice be heard. And you have your right, to make sure that your voice is not watered down by corruption. Or by people who shouldn't be voting. That's their priority.

This administration is using every tool they have. To do the exact opposite. This is why these -- this administrative state has to be shut down.

It's not constitutional. It is a -- it is a progressive idea. And nobody in our founding, had thought, oh, yeah. Congress will just give up their power. Why would people do that? Because they're getting rich if they do. And they don't have to answer for anything. So they just keep going to work.

Let the administration do it. And the administration doesn't -- Biden, he's -- I'm not. I mean, yeah. I hired the guy. But holy crap. What did he do? What did the administration do? Well, it wasn't him. The head. It was probably somebody down. You know, like a Lois Lerner. And we can't blame them and send them to jail. Unless, how did she vote? Yeah. We can't send her to jail. That's not the American way

'DEEPLY TROUBLING' revelations from FBI testimony: 'NOW is the time to choose'

The Senate Judiciary Committee's latest hearing with FBI Director Christopher Wray showcased just how little he knows about what’s happening in his department (or how little he's willing to admit). Glenn breaks down the latest revelations, from the "deeply troubling" memos sent to the entire department regarding "domestic extremists" to the shocking connections between the FBI's Gretchen Whitmer kidnapping debacle and the January 6 investigations. And he has some advice for FBI agents: "Now is the time to choose: Are you on the side of truth and real justice, or are you just standing on the sidelines?"

Transcript

Below is a rush transcript that may contain errors

GLENN: Yesterday, testifying in the -- the committee in Washington, DC, was our FBI super God. And he wants you to know, that when he first heard about the FBI mishandling of the Hunter Biden information. He was -- he found it, quote, deeply troubling. Yeah. He hadn't done a damn thing about it. But he finds it deeply troubling. Which I, for one, really, truly appreciate. Let's get a couple of clips here. From Ted Cruz. Versus Christopher Ray.

Cut 14, please. Uh-huh. Ever see what I mean.

VOICE: This is a text that I was particularly struck, is the Gonzalez battle flag. Come and take it. As indicative of being a violent extremist militia, well, I will self-report now. And every day in the Senate, I wear my boots, that have the Gonzalez battle flag on the back of it.

GLENN: Amen.

TED: Director Ray, what are y'all doing? This makes no sense. Do -- do you agree with this FBI guidance, that the Betsy Ross flag and the Gadsden flag and the Gonzalez battle flag are signs of militia, violent extremism?

VOICE: Well, senator, I'm not familiar with the particular document you have behind you.

GLENN: Oh, I can't take it. Shut up! Okay. So stop. Stop. Stop.

I am so sick of this answer. Well, you know, I run the damn place. But, boy, I'm not aware of that -- that flier we put out to all FBI agents, saying, this is what you should look for, for domestic terrorists. You know what, I find that document. Now that you've pointed it out. I find that document, deeply troubling. Oh, yeah. Are you doing anything about it? No. But I find it deeply troubling, I'll tell you that.

The fact that you have it, and it was leaked out of my office. I'll find that damn leak, I'll tell you that right now. Then you have Ted Cruz questioning the FBI director about an FBI special agent. Listen to this. Cut 25.

TED: Recently.

GLENN: Uh-huh.

TED: There was the case against individuals charged with kidnapping and murdering Governor Gretchen Whitmer in Michigan.

That case ended up an absolute debacle, where the four people who went to trial, two of them received mistrials. None of them were convicted on even a single charge. And the basis of the defense was entrapment. That the FBI, that paid enforcements for the FBI, had suggested, and had incited the conduct. Let me ask you: How many FBI agents were disciplined and reprimanded after that disastrous case, and the misconduct that led to every defendant being acquitted or having a mistrial in every charge?

VOICE: Senator, I can't comment on any personal matter. I can tell you, that that case as I understand it, is now pending a retrial, as I understand.

TED: Well, the special agent in charge of that case, has now been sent to DC to the Washington, DC, office and now leads the investigation regarding January 6th. Is that correct?

VOICE: That doesn't sound right to me.

TED: That does not sound right. The -- the name of the individual is Steven -- he was run out of the FBI Detroit field office. And, by the way, I will point out that the lead investigator, special agent track, are you aware that he was apparently fired, for allegedly beating his wife after coming home from a swinger's party, and he made multiple derogatory political posts about President Trump, showing political bias. Are you aware of that?

VOICE: I'm aware of I think the incident you're describing. An action you're declaring about it. To clarify the first part of your question, Mr. Dan Twano (phonetic) was the special agent in charge of the office, the Detroit field office. Now the assistant director in charge of the Washington field office. I thought you were asking about the agent who was responsible for these.

TED: So the guy in charge got promoted and is now in charge of the January 6 investigation.

VOICE: The guy in charge of the whole Detroit field office is now in charge of the whole Washington field office.

TED: That is astonishing.

GLENN: Okay. Yeah. I find it deeply troubling. You know, we're not going to do anything about it. But I do find it deeply troubling. Listen, if you're in the FBI. If you're in the FBI. You have a choice to make. You can sit around and wait for your retirement. Which good luck with that. No, no, no, no.

The government. Oh, they're going to give you all of this happy money. I'll bet you retire with $6 billion. Yeah. Yeah. It will be worth about 40 cents. But you go ahead and keep your retirement while they flush our government and our way of life down the toilet. If you are an FBI agent, now is the time to choose. Are you on the side of truth and real justice? Or are you just standing on the sidelines and not reporting? Are you just standing on the sidelines and saying, yeah. It can't get worse than this. Oh, yes, it will. Knock. Knock. Who is there? We will ask the questions here. Don't worry about it. It's all going to be good. By the way, the Democrats finally have their climate bill. Which I think is -- we want to thank Kyrsten Sinema. She apparently got her dome over the city of Phoenix, for air-conditioning. Oh, no. She didn't hold out for that? Oh, she was holding -- really? She was holding out for the elimination of that billionaire tax. That was in the -- that was in the climate bill. So not the climate bill. I'm sorry. It's the -- it's the anti-inflation bill. So...

STU: Do you think -- are we going to get some blockages now from the Bernie Sanders' wing. He's saying he's trying to do something about it. He's calling it a climate suicide pact. So if he votes for it, it will be interesting to see why he signed on to a climate suicide pact. Now the far left is saying, they may bail on this. They can only lose, obviously, one set. Or four or five congresspeople for this to occur.

GLENN: Right. Of course, they're bailing on it. Because the people who actually believe in climate change. Not as a vehicle, to take us to socialist town. It's great right now. The streets are alive with the sound of bloodshed.

They know, this is not going to do anything for global warming, if they're honest. You know what is included in this bill? I love this. I love it. $20 billion to pay farmers not to grow crops.

Now, when we have a -- a worldwide global food emergency coming, and our government is going to pay farmers $20 billion so they can rest those fields. They should be rested and for several years. Maybe forever. Because they've been growing stuff. And growing stuff. And they're tired. And we've just got to rest those fields forever. And I think that is money well spent. I mean, every farmer knows you have to rotate crops. And you have to rest your land. Every farmer knows that. Now the government is going to pay you to do that. And when you're struggling with things like fertilizer. And seeds. And everything else.

You're going to pay me, how much? To do nothing? Farmers, don't take it. Don't take it. Please, America has to be the breadbasket. We are going to have to feed the rest of the world. This is suicide!

By the way, just to add to it, climate alarmism, is now creating a potential for U.S. food insecurity, as anti-farm sentiment grows. Now, who isn't anti-farm? Seriously. Sure, I like to eat. But I don't want it coming from a farm. Oh. Those places are a mess. There's cow dung everywhere. They put poop on the -- on the -- on the vegetables, to make it grow. Oh, my gosh. I can't -- I hate farms.

I like food. But damn those farmers, man. I just -- what is wrong with people!

Oh, I know. The education system is teaching you to be a complete and total dummy. You should know your food comes from these farms, yeah. I know. But climate change is so bad. It would be so much better, if -- oh, I don't know. Maybe 3 billion people could just stop doing this.

The world would be such a better place, if we could all just stop doing it. Every time you do this, you are taking and you're putting poison for all of the trees and the sky and the little bunny rabbits. And every time you do this, you're stealing the air from them! Oh, my gosh. Why can't we just go back to something natural?

Okay. Sure. All right. By the way, some more good news, the Biden administration, according to a whistle-blower, thank you very much, whistle-blowers. The Biden administration let Afghans on the DOD watch list into the United States of America. While we were evacuating people. Now, that's weird. Because our people are still sitting in the lily pad countries. The countries that were just supposed to be housing them for a couple of weeks, while we move them into new countries. But because our United States government State Department would not -- I shouldn't even say. Would not vouch for anybody. Went to great extents to destroy the credibility of almost every agency out there, that is an NGO, that was saving people. They are all those people that were pulled out of Afghanistan. Are still sitting in a country, that doesn't really want them. Oh, that's good. That's good.

These allies. They love us! They're great, is what they always say about America now. Meanwhile, we could fly those guys in, that were on the terrorist watch list. Do you not see a pattern here?

Everything that is bad for America, and bad for the western world, they're doubling down on. They're importing terrorists while not letting good Christians in, that don't have any part of anything of terror. People who are atheists have nothing to do with terrorists. They're sitting some other place. While the United States government is flying in people that are on our watch list.

Well, the good news is, we'll have plenty of food to feed -- wait a minute.

Disneyland's REJECTION of Walt Disney should be a WARNING for America

For the first time in its history, Disneyland omitted Walt Disney's opening day speech from its anniversary celebration. Glenn believes it's clear why: Walt Disney created Disneyland to be the exact opposite of what Disney now is. But they're not only cutting Walt out of Disney. They're cutting America out. Glenn reviews Walt's original mission statement for Disneyland and gives a warning: We're not living in the same country anymore, and we're not playing by the same rules...

Transcript

Below is a rush transcript that may contain errors

GLENN: Let me begin with something that was deleted from the -- the anniversary, the 67th anniversary celebration of Disneyland. Every year, they start with Walt Disney. And what he said at the ribbon-cutting in 1955. They've just deleted this now. And they're trying to erase even Walt, from the Walt Disney World. Here he is, in 1955. Listen carefully, to what he said.

VOICE: We all come to this happy place. Blossom. Disneyland is your land. Here, relives fond memories of the past. And here you may savor the challenge and promise of the future. Disneyland is dedicated to the ideals, dreams, and the heart that created America. With a hope that it will be a source of joy and inspiration to all the world. Thank you.

GLENN: Do you hear what they deleted? And can you understand why they deleted it? To all those who enter here, greetings. Disneyland is dedicated to the ideas, the ideals, and the hard facts, that created America. To send them fourth as a source of courage and inspiration, throughout the world. They haven't been doing that, in a long time. But now, they're not only cutting Walt, the founder, out of Disney. But they're also cutting America out. The America that we all grew up in, the America that we thought we knew, is gone. But it's only on hold. And it's on hold, because it is in each of us. Those of us who lived it, who know its truth, to know its promise. To have received its inspiration. It should now give us courage to continue to stand up, because we know what it was. Our kids don't.

But I want you to know, that it is only -- it's been put in a closet for a while. And it is our job to open that door, and take it back out of the closet. It's only on hiatus. If we choose. Otherwise, it is gone. I have spoken about the Holocaust for a very, very long time. And I've been called a Nazi propagandist. I've been -- I've been called all kinds of things. Because I support Israel. I support the Jews. And I really, truly believe in never forget. Never forget. And that means something, more than just telling the story. Holocaust happened. Killed 6 million Jews. Blah, blah, blah. No. Never forget means, never forget what led to that insanity. So you can stop it.

Vera sheriff was three years old, when her world collapsed. This is from the epic times. She and her family were cased chased out of Romania. And herded out of a concentration camp, in World War II. There, they were left to wait and starve. She said, the cloud of death was always there. Weekly, a list determined who would be sent where, and whether it would be death or a slave labor camp. While at the camp, she said her father died of typhus when she was five. Which was widespread through the camps. Because of cold and malnutrition. After three years, at that camp, waiting. She was rescued in 1944. She said, my mother got a wind of a few orphans, that would be transferred. And transported out of the camp. So she lied and said, I was an orphan to save my life. And that's how I wound up leaving. This began, what she calls her odyssey as a child without parents. Left to her own intuition and critical assessment of other's intentions. She said, I had to assess at a very young age, who I could trust to take care of me. She was on a train at the port of -- Constanta in Romania, where there were three boats waiting to take groups of people to Palestine. She befriended a family. However, on arrival, she found herself assigned to a boat, with other orphan children that would separate her from the family with whom she thought she could trust. So she rebelled. No matter what, I could not be convinced to get on that boat. And miraculously in the end, they gave in to me. Seasick, she fell asleep that night, only to wake up to find out, that the boat with all the orphans had been torpedoed, with who she said, she found out later, had been the Russians. Though she carried guilt for having survived. She was grateful she resisted. Because that resistance kept her alive. I do not obey authority. And it saved my life. She's now speaking out. She said, these memories of the concentration camp. And what she went through, returned in 2020. During the web of covid 19 restrictions, that spun out of control, with the help of media propaganda. She said, so now, I'm quoting, when people are obeying authority mindlessly and giving up their rights, to make decisions about their own lives. And what goes into their own bodies, I think back to that time. She's now a medical activist, and founder of the alliance for human research protection. It's a network of laypeople and professionals who work to uphold humanitarian values. And ethical standards established in the Hippocratic oath. The Nuremberg code, and the Universal Declaration on Bioethics and Human Rights.

Most importantly, she just joined Scott Schara, cofounder of Amazing Grace's light shines on corporation. She said, both of them see the parallels now, between the national socialist regime in Germany, and the current medical directives being carried out in the United States, through government funding. Before I go on, I want to tell you, I played Walt Disney, because that's who we are. That's who we can be.

That's who we once were. But we are in danger of it forever slipping through our fingers, if we don't recognize times have changed. And you're not living in the same country. And playing by the same rules. Since the death of -- of his 19-year-old daughter, Grace in a hospital in 2021. And he, again, is the cofounder of our Amazing Grace is light. His daughter died in a hospital in 2021. After being injected with a combination of drugs. That he found out later was part of a federal hospital protocol. He said, what's happening is genocide. He's been crusading to tell his daughter's story, to network with others that have had similar experiences, while bringing attention to the protocols that he believes amounted to the murder of his daughter, who had Down syndrome. Under the Nazi regime, he said, medicine weaponized. As it's being today. Though the Jews were the primary target, she said, the first medically murdered victims were disabled German infants and children under the age of three.

Most people don't know this, but Mengele who was the butcher of Auschwitz. He was the guy who did all of the evil experiments on people. He was actually the head of the children's hospital, in Germany.

In the Mercury Museum, I have the last prescription that he wrote, at the children's hospital. And it is for a massive amount of the drug that he was using to kill the children, in the hospital.

This expanded into the operation titled T4, for the street address of the program's central office of Berlin. For all of the disabled of all ages, and the mentally ill and senior citizens. Because as she points out, the Nazis called them worthless eaters. T4 was a concerted effort to rid what their propaganda called The Economic Burden.

Schara pointed out to 2021 Medicare trustee report. She said, have you read it? It evaluates the cost of keeping the elderly and disabled federally funded. 39 percent of the federal budget goes to those two groups right now, who is $2.2 trillion a year. On page, 11 of the report, there's a call for a substantial change, to address the financial challenges. Quote, the sooner solutions are enacted. The more flexible and gradual, they can be. The report says. For her, the implication is while not overtly stated, a call for eugenics, that was supported by the academic elites in early U.S. history. And later adopted by the Nazis. Ten years after he took power, Hitler launched his genocide program, that had been introduced in incremental steps, with the help of propaganda, portraying the regime as heroes. What happened to grace? And what happened to many disabled and elderly in western Europe, Australia, Canada, the United States, in March and April of 2020 was medical murder. Genocide isn't new to the United States. You should know this. We started it here. We started these programs, to kill and sterilize the disabled. Here in America. The Nazis took it from us. So don't think that it couldn't happen here. U.S. Supreme Court Oliver Wendell Holmes. Voted in favor, 8-1 opinion, in the 1921 case of Buck versus Bell, which upheld the Virginia Sterilization Act of '24.

The forced sterilization of Carrie Buck, who was alleged to be mentally defective. Holmes said it would be better to prevent the mentally disabled from being born, than allow them to sap the strength of the state or let them starve for their imbecility. The principle that sustains compulsory vaccines is broad enough, to cover cutting the fallopian tubes. The justice wrote in his opinion. Three generations of imbeciles are enough. Unfortunately, she was never actually mentally disabled. Arguments for eugenics were always built on a lie, she said. But it is an ideology that continues to poison the public health policies. She said, she's very familiar with the banality of evil. And it makes mass murder possible. By making it a bureaucratic routine, that is handed down as orders to the chain of command. To the person who pulls the switch or gives the injection. No one called it murder.

The Nazis were very adept at propaganda and language, and the Jews were called spreaders of disease. Not unlike the epitaphs of those who didn't take the jab, in 2021. The unvaccinated. It was called the pandemic of the unvaccinated. The whole language was dehumanizing. To cut to the chase here. Doctors encouraged the mother to get amniocentesis tests. If the test shows that a Down syndrome or another disability would complicate the parent's life, they encourage abortion. There's an unholy union, when medicine gets in bed with the government. And the Hippocratic oath goes through the window: Do no harm. Look what Big Pharma is doing to children. Look what happened with the gender reassignment surgeries. She says, she's concerned with the elite ruling class, that is godless, believing in only what is measurable and controllable.

We should not fall into the trap, to the false light that saint will eventually ride in, to steal more souls. God's true light believes, we, the people need to reclaim the sovereignty, by learning to trust in intuition. Experience. And the ability to assess lies from the truth. That's the problem. Stop watching mainstream media. They're all reading from the same script. They're bombarding people with fearmongering. Which is exactly the same thing the Nazis did. And how they controlled the population through fear. Have no fear. And if I may quote our Holocaust survivor, America resist. Wake up. And stop obeying.