RADIO

Will Justin Trudeau RESIGN Because of Trump’s Tariff Threat?

Rumor has it that Canadian Prime Minister Justin Trudeau will resign soon. Does this have anything to do with Donald Trump’s threat to hit Canada with heavy tariffs if it doesn’t get its border under control? Glenn speaks with ‪@RebelNewsOnline‬ founder Ezra Levant, who lays out why Canadians are DONE with Trudeau – in fact, he only has 11% approval according to a new poll! They also review the resignation of Finance Minister Chrystia Freeland, who was behind the financial attacks against the trucker protesters. Plus, Ezra gives his take on the possible next Prime Minister, conservative leader Pierre Poilievre.

Transcript

Below is a rush transcript that may contain errors

GLENN: So I want to take you up to almost where Santa lives, in a place almost just as imaginative as Santa land. It's called Canada. Where Justin Trudeau has been just a military jacket away from being more like his dad in Cuba.

But it's falling apart in Canada. His finance minister, which is the number two position, walked out. He said, I -- you know, I want to do another role for you. And she said, the only viable thing is, if I leave, the cabinet. This is the woman who shut down all of the social media gift-giving services. And was freezing people's bank accounts during the trucker strike.

She's also the one that does all of the trade deals, between the United States and Canada.

Gee, I wonder what she's worried about.

Meanwhile, Justin Trudeau has just been giving away all kinds of monies.

He's got a sales tax holiday for Canadians, and sending checks to Canadians that need it.

Right now, during the Christmas season. And he's also a -- you know, some -- some other things that are -- people aren't real, real happy about.

Is his reign over?

Or is he going to be elected to a fourth term?

I made a prediction today. And I know nothing about Canada.

Today may be his last day.

It's that close!

GLENN: Hero, really, of the Canadian people.

Ezra Levant.

Hello, Ezra.

EZRA: Glenn, it's great to talk to you today.

I heard your introduction about Chrystia Freeland, Deputy Prime Minister and Finance Minister. She's much more than that. It would be like Dick Cheney was to George Bush Jr.

I mean, the everything fixer. Totally involved in all the files.

That was Chrystia Freeland. And she quit yesterday, and she timed her leaving to detonate the morning she was supposed to deliver a mini budget.

So that whole thing was thrown in -- you know, into a mess.

GLENN: And basically, didn't she say that because we're -- we're spending all of our money. And we have to stop, because we might get into a trade war with America.

EZRA: She did. And in her resignation letter.

Which she published. She accused Trudeau of being a narcissist. Of being in it for himself. She didn't use the word narcissist. But she said, we have to think about more than just ourselves. We have to think about the country.

She accused him of, quote, political gimmicks.

And the thing is, she was his right-hand woman since the very beginning.

And I want to tell you one more thing about Christie free LAN.

She's on the board of trustees. Of the World Economic Forum.

And what was her job right before she became a member of parliament to join Trudeau?

You're not going to believe me.

She was the authorized biographer, of George Soros.

GLENN: Oh, my gosh.

EZRA: So the deputy prime minister and finance minister -- but really, the everything minister of Canada. She was like I say, like Dick Cheney to George Bush. She was the right-hand man on every file.

GLENN: So was she more of the architect of this, or is Trudeau capable of doing it?

What I'm asking, is Trudeau more of a Biden, and she's more of an Obama?

Or is it Dick Cheney and George W. Bush?

EZRA: Trudeau loves the sizzle of being Prime Minister. He loves the adulation.

It's hard to come by. So, for instance, he went to the recent Taylor Swift concert and he exchanged friendship bracelets with teenage girls. That's his marketplace.

Everyone else shouts at him.

GLENN: Wow.

EZRA: So he -- he was never a policy guy.

He would leave that to the grownups.

And Chrystia Freeland and George Soros would fill that void. And I'm not just saying George Soros as a throwaway line.

A few years ago, Canada signed a contract with the Open Societies Foundation to draft our refugee policy.

GLENN: Oh, my gosh!

EZRA: So this is not a rumor.

GLENN: Oh, my gosh.

EZRA: He literally outsourced -- so Chrystia Freeland departing is an enormous blow.

But, look, Canadians are -- can hardly wait to get rid of Trudeau. I don't want to sound overconfident. But the conservative opposition leadership. His name is Pierre Poilievre. He's excellent.

He's -- he's way out ahead in the polls.
Remember, we have a multi-party system. So there's about five parties in parliament.

The conservatives are at 43. Now, I know that may sound low in an American party system.

When you've got five parties, 43 percent means you will have a massive victory. And last night, after Chrystia Freeland detonated Trudeau and quit, there was a pollster that went into the field immediately. And his results are just being posted. Only 11 percent of Canadians approve of Trudeau, 11 percent. It's going to be a massacre.

Last factoid.

GLENN: This is happy news. This is really happy news.

EZRA: It is good news.

While everyone was focused on the intrigues in Ottawa, there was a special election in the province of British Columbia, from one of these members of parliament. And the conservatives, led by Pierre Poilievre.

Got 66 percent in the local district.

GLENN: In Vancouver BC?

EZRA: In the -- not in Vancouver proper, but nearby.

So in BC, which is sort of like Washington States, it's a little bit hippie.

GLENN: A little bit?

EZRA: Yeah.

Glenn, I have to tell you, people of every background, according to the pollsters, men and women. Young and old, and minorities. They all want Trudeau gone, which is so interesting.

Because he came to power, as the woke guy, who --

GLENN: Oh, yeah.

EZRA: You know, I'm a male feminist. He said. Et cetera.

Canadians are finally done with it. We just need that moment where we get to go to vote.

STU: Ezra, I hate to simplify your country's politics this way. Glenn, with the apple guy.

The member of the viral video, where he was just sitting and answering questions. That's the guy.

GLENN: I love that guy.

STU: Yes. I think everybody in America who saw that video loves this guy.

GLENN: Oh, I love that guy.

EZRA: That apple eating thing, give me 30 seconds on that. You know, he was answering questions from a left-wing journalist, while casually eating an apple.

GLENN: I loved it.

EZRA: Whenever the journalists would say, well, people say you're like Trump. And he would say, what people?

And what did they say?

And he just did this a bunch of times. Proving that the journalist was just, you know, taking cheap shots.

And when he said people say, he was just saying, I say.

It was masterful.

And why -- there was no real policy talked about.

The reason that was important, Glenn. Is because it shows the pure -- it has a Trump-like disdain for journalism.

Why is that important?

Because too many Canadian conservatives are so worried about what the media will say about them, they respond to the pure pressure of journalism.

They want to give an answer that the journalist wants. Poilievre is not afraid to look at our version of CNN in the eyes.

And say, you know, I -- and attack them. And insult them, and poke back.

So I know, if he's elected Prime Minister. That he will be largely immune, to the mean girls club. Or the media party.

GLENN: And that's saying something.

Because you have the CBC. That's like our PBS. Except, that's the main -- I mean, they control the -- they are the CNN. NBC. ABC. They're everything up there.

EZRA: They're larger than all other media combined. Our state broadcaster has more journalists than every other media company combined. You can imagine how that really could distort the national conversation.

Plus, a lot of Canadians get their info through social media. Which is why Trudeau's introduced legislation that would criminalize, including with a life in prison. There's a -- Trudeau has introduced a bill.

Called C63.

That has a life in prison component. For, quote, hate crimes.

Including hate speech.

That's one of the reasons Jordan Peterson cited for moving into America.

This bill C63.

And we will fight that bill, if it becomes law.

The way things are looking. I think Trudeau may not last long enough to make it into law.

GLENN: So what happened?

I mean, parliamentary systems are so weird. You can call it an election at any time.

Which is kind of weird.

But does he have to call for one. Or does he have to step down?

Can there be a vote of no confidence?

What happens next?

VOICE: Well, he only has a minority in our parliament. He's propped up by a hardcore Socialist Party, called the MVP. The new Democrats.

GLENN: Right.

And didn't they just come out and pretty much say, we're done with you?

VOICE: No, it's trickier. They said, we demand Trudeau resign!

And then when they said, will you vote nonconfidence with him?

They refused to. They lining to pretend they're against Trudeau. They have never -- so if -- Trudeau is the master of his own destiny. As long as no one has the courage to push him out.

And if there was a non-confidence vote, he could be thrown out, and an election would be forced.

But I don't think his critics have the courage to do that. I don't think they have the numbers. And look, these polls are so awful, Glenn.

A lot of the liberals who are sick of Trudeau, and worried he's painting things.

They know they will lose, whether the election is now or in six months.

So why not drag it out for six more months?

Get paid. Enjoy their power. Run things a little longer. If you're a liberal MP and you know you will lose the next election, why wouldn't you at least stretch it out, three, six, nine months, to get as much from the -- from your job as possible. Get as much money, power, influence. I think the liberals will be smashed, but Trudeau will probably -- listen. He is stubborn. And he is a fighter.

I've never seen him apologize. I've never seen him quit.

He has a lot of flaws.

But tenacity is not one of them.

GLENN: How much of a role did the election of Donald Trump play in this?

Are you guys just -- right just behind us on what's happening here in America?

ANN: That's such a great question.

In a way, a Trump tweet started the dominoes falling.

GLENN: I knew it. I knew it.

ANN: About a month ago. About a month ago, Trump tweeted, 25 percent tariffs on Mexico and Canada. If they don't seal their borders.

Stop the illegal drugs. Stop the illegal immigrants.

So it was -- and Mexico immediately got on the phone.

GLENN: Yeah. Hang on just a second.

Why did -- why does Canada have such a hard time with that?

Just, we need to you enforce your laws.

That's all we need!

EZRA: And Pierre Poilievre, the conservative thing said, look, I don't want to do those things because Donald Trump tells me to. I want to do those things because it's in Canadian interest.

And Trump is worried about fentanyl coming through Canada into the states.

Well, Canadians should be worried about that too. In fact, we are.

We have had a huge crime wave under Trudeau. So the smart, grown-up answer is okay. Trump is asking sort of roughly, like he's being a little bit -- he's got that.

GLENN: Yeah. He's Donald Trump.

ANN: He's walking softly, but carrying a big stick. Deal with him.

He's not asking Canadians for anything that we don't want.

Just do it.

But instead, one more thing at you, Glenn.

Here's my theory of why Trudeau is fighting.

As I mentioned. Trudeau is so low in the polls.

And this conservative leader is so high.

But what if Trudeau could flip it. And instead of running against Pierre Poilievre, the conservative leader. What if Trudeau would say, I'm running against Trump?

Because Trump is not that popular in Canada. Because the media has bashed him for two years.

GLENN: He needed that too.

EZRA: What if Trump -- it's even worse up here. It's even worse up here.

GLENN: Yeah, I know.

EZRA: But one more move, what if Trump actually implements the tariff on Canada. It hurts our economy.

So now Trudeau can say, this terrible economy is not my fault. It's trump's fault.

Vote for me, if you want to stand up to Trump. Vote for me if you don't like Trump. Vote for me.

GLENN: That's great strategy!

EZRA: I think Trudeau is willing to sacrifice Canada's economy, for this desperate chance to run and win again. That's my theory at least.

GLENN: You know what, to me, that makes sense.

And, you know what, honestly, to understand Donald Trump, you have to understand, he never -- when he's negotiating.

He never threatens.

He's never threatening.

He just makes promises.

If you do this, I'll do that.

If you do this, I'll do that.

And he will!

He will!

So he's not threatening. Just making promises.

EZRA: Well, and why wouldn't Canada say, all right. You've got our attention.

We agree, you've got a border problem.

By the way, it goes both ways. When Trump will deport a large amount of illegal migrants.

Some of them will say, oh, we better come into Canada because there's such a soft touch.

So we -- we have an interest in having a strong border. Because we don't want all the folks Trump is going to deport, including those who committed crimes.

GLENN: Correct, and those who will self-deport. Self-deport.

Yeah. All those Haitians, they are going to want to go to Montreal, a French-speaking city, rather than go back to Haiti. Wouldn't you?

We need a strong border, also.

Trudeau would rather fight with Trump, for the media kudos and then actually fix a problem. It's his last desperate chance.

But, you know what, I hope Canada comes back, and the Trump revolution. It's not just a political and economic one.

It's a freedom revolution.

Free speech. Elon Musk.

RFK Jr. Basically, rebuking the COVID mentality.

Hopefully some of that freedom will slosh into the border into us, Glenn.

GLENN: Yeah. One last thing. And we both have to run.

You have one in every 20 persons, now. Selecting suicide.

And more women are electing for euthanasia. Than -- than men are.

I mean, this is getting way out of control, euthanasia in Canada. Isn't it?

EZRA: And our Veterans Affairs department is suggest euthanasia for soldiers who have PTSD. If you say you're depressed, they will literally use that as a reason to give -- they call it MAID. Medical Assistance In Dying.

It's the new word for euthanasia. Canada is now ahead of the Netherlands for this.

Partly it's socialized medicine. Because if you kill someone, they won't cost 100 grand a year on intensive care. Part of it is also the war on the concept of life.

Trudeau is an absolutist for abortion. And this is an extension of sort of what eugenics approach.

It's dark days for those who value life in Canada, Glenn.

GLENN: I hope your theory is absolutely wrong.

But I've watched you long enough to know. Your theory is probably right.

I hope you're wrong though.

Thank you so much, Ezra.

EZRA: Thanks, Glenn. Buh-bye.

TV

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

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

RADIO

Rumors explained: Is Fed Chair Jerome Powell OUT?!

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

Transcript

Below is a rush transcript that may contain errors

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

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

What the heck?

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

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

JASON: Well, yeah.

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

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

But he's considering resigning.

GLENN: Yeah. You know why.

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

GLENN: So do you know why?

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

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

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

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

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

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

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

Okay?

And they suggest, who the president can select from.

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

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

Did you know that?

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

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

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

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

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

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

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

But interest rates keep coming up.

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

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

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

Because I don't think he was ever right.

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

I want them down. I want cheap money again.

He refuses. So what has the president done?

The president can only fire him, with cause!

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

You find a cause, and this one is easy.

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

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

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

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

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

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

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

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

Excuse me?

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

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

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

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

They have a rooftop garden they're building.

JASON: Okay.

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

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

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

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

That's what's happening.

JASON: I looked at that a lot.

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

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

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

JASON: Oh, my gosh.

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

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

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

We will lead by example.

No renovation. You know what, go to IKEA?

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

So what do you say, we go to IKEA?

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

That's what a leader would do.

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

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

Is he trying to undermine President Trump on this?

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

I think so, to some degree.

I mean, I'm worried about inflation.

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

JASON: What's happening with Japan?

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

This is target to crack. The foundation.

1989.

Let me go back to 1989.

This was the crown jury trial of the global economy.

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

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

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

GLENN: Oh, yeah, they owned absolutely everything.

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


JASON: Wow!

GLENN: Okay?

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

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

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

Okay?

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

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

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

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

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

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

So they've done this for decades.

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

I think, what is ours?

100?

80 percent.

Something crazy. 120. You never believe back.

The death threshold is usually 120, 140.

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

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

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

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

Are you following this still?

JASON: Yeah.

GLENN: Okay. So their government bonds.

They were the safest investments on earth.

One of them. Okay?

It's us. Japan, Germany.

They started to fall.

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

All right?

So they borrow all this money.

260 percent of their GDP is borrowed. Okay?

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

2 percent interest.

And they were paying people.

2 percent.

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

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

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

What happens when yields go up?

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

Okay?

You add two or three points.

Just imagine, you have an adjustable rate. Okay?

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

And it's all leveraged.

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

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

So massive problem.

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

They know the con game is now over.

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

Because I just don't believe you anymore.

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

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

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

First, let me tell you about Relief Factor. There comes a point where the pain in your life goes from being something that is just irritating to something you have to deal with every single day.

Maybe it starts small. A tweak in your back. A sore knee. A little stiffness in the morning. But, you know, those things happen. But over time, the playbook starts to make decisions for you. It changes how you move. How we sleep. What you say yes to. And what we have to start saying no to.

It steals moments from your life. Moments you just can't get back. Relief Factor is designed to help you take those moments back. It's 100 percent drug-free solution. Specifically formulated to fight the inflammation that's causing your pain. For thousands and thousands of people. It's helped reduce and eliminate the daily struggle. So they can get back to living the life they want, not the life their pain dictates. Pain may have changed your life, but it doesn't to have define it.

Get their three-week Quick Start. Give it a try now for 19.95. ReliefFactor.com. 800-4-Relief. 800-4-Relief. It's ReliefFactor.com. Ten-second station ID. We're back to the show.
(music)

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

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

Now they're like, wait a minute.

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

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

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

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

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

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

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

Japan has to pay their bills.

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

And you don't have any money coming in.

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

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

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

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

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

Okay?

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

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

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

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

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

Okay? Really, really bad.

Now, let me add this on.

Germany is now having to pay for their own army.

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

To build the army.

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

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

Well, Germany has some assets, they can sell.

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

US treasuries.

We have been playing an extraordinarily horrible game.

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

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

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

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

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

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

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

THE GLENN BECK PODCAST

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

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

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

TV

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

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

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