RADIOOctober 22, 2025

Is Trump secretly resetting America’s economy with gold?

The price of gold is skyrocketing, and that’s usually a bad sign for our economy. But this is no normal economic market under President Trump. What if Trump is using a little-known strategy that hasn’t been seen in decades? Glenn Beck reviews the theory which, if it works, could save our economy, and it all revolves around Treasury Secretary Scott Bessent…

Transcript

Below is a rush transcript that may contain errors

GLENN: Okay. Before I start this on gold. I want to ask you: What is Donald Trump? Is Donald Trump a guy who likes to cut the spending?

No. He believes in debt, right.

But what he believes in more than debt is growing the bottom line.

So you grow your way out of things.

So keep that in mind. As I'm trying to make sense of gold.

And what I'm going to share with you is just a theory. I think I might be right on this. But I don't know. Okay.

Gold is rocketing. You know, it's -- now almost. What is it? Forty-three or $4,400 an ounce today. And I've always told you, you don't want to see a world with 5,000-dollar an ounce gold. When 5,000-dollar an ounce happens, that means the trust is going away for the financial system. And the financial markets.

The dollar is starting to weaken. And the -- the world is sending a signal, we don't trust any of this anymore!

Now, that may be true. That may be true.

But let me take you to another place. Because maybe something that is happening, that doesn't fit that script. Because you're dealing with something new. You're dealing with Donald Trump.

So I think behind all of it. There is a new strategy, that is taking shape in Washington.

Congress, you know, doesn't have the stomach to cut any of the spending. And Donald Trump believes the opposite, grow can't way out.

Okay? So that's a recipe for a deficit, that is really quite frightening.

But there is someone, and I think it's Bessent. Who is finding a way to pull downtown deficit, without the usual political bloodshed. One of the misunderstood tools in that strategy is something that you're going to be amazed that it hasn't happened before.

It is the revaluation of gold.

Right now, the government values its gold reserves. We have 260 million troy ounces.

That's what they say officially. We might have none. But we have 260 million troy ounces. But we only value it at $35 an ounce. Why?

Because that's the price that FDR in the 1930s set gold at. And said, it's worth $35 an ounce.

That hasn't changed. So that means on paper, all of the government that we have. On paper, the whole gold hoard is only worth $9 billion. Okay. So wait a minute. But market price today is almost $4,500. Which would make that 9 billion actually worth $1.1 trillion.

Now, think about that.

The United States is sitting on a trillion dollar asset, and we don't even count it!

Why does this matter?

I want you to think of your home.

Imagine you're going into a bank, and you want to go buy a car. Okay? And you have your salary. And you're in debt. And you're just barely making it. But your home on paper, has only been valued at $5,000. Because when your parents bought it all those years ago. It was $5,000. And now, you're sitting here. And it hasn't changed in value.

It has in reality. But you're still counting it as the bank. And saying, yeah. Well, my grandfather. Or father paid $5,000 for this.

So it's worth $5,000. You know. The bank would know, no, it's not. It's worth a million dollars today.

What changes if this is called mark to market? This is a usual thing. You mark the price to what the value is. The price of your house goes down, you are poorer, on paper. Because the value of your house has gone down.

And it's marked to market.

If your price. If the price has gone from $35 an ounce, to $4,500 an ounce, then you mark to market, and then everything changes. Suddenly, if that's your house, 5,000 to a million dollars, now you can buy that new car. You walk into the bank. You're like, I will buy a 50,000 dollar car. And they're like, well, let me see your assets. And you're like, oh, well, you have a house that's been paid off, and it's worth a million dollars.

Where, yesterday it was worth $5,000. Today, it's worth a million dollars. Because it's actually worth that if you sold it.

So the bank goes, oh, you're fine. You're fine.

Yeah. Sure. Here's 50 grand. Go buy that car.

Suddenly, your profile looks different overnight.

Okay?

That is what I believe is coming in America. I believe they're going to revalue gold.

Without raising taxes. Without cutting a single program, it would instantly improve the nation's balance sheet.

Our debt to asset ratio, would shift dramatically. Have you noticed in the last year, everybody is like, their debt to -- their debt to asset ratio is way out of whack. And they're now 125 percent.

Whatever it is. Okay?

That would change. The dollar would legitimately appear to be stronger, and the deficit, at least on paper, would shrink!

Now, add to that, again, what Donald Trump believes. And you may not agree with it. But he believes, I can grow the economy.

So you combine that with the H-1B one visa fees. You do the tariffs. Expected, you know, to bring in money. And then also, the expected eight to $12 trillion in foreign capital investments. That are flowing into the United States.

If all of that is real, suddenly, the picture doesn't look quite so desperate.

Because it looks like, we are growing again. And we actually would be growing again.

The debt doesn't shrink by cutting. It shrinks by growing.

It shrinks by growing the economy and expanding the economy, beneath it.

That's Trump's mark!

That's always what he's believed in.

So while I've been sitting here going, you don't want 5,000-dollar gold, you don't!

But it also might be a good thing. Let me give you this. There's more. Washington is floating the idea. And Mike Lee got hammered for this.

But this is a Bessent idea. Mike Lee is floating the idea of selling off portions of fast, federal portfolio. We have all this land. These are not national parks.

These are not. We have millions of acres of un-- unproductive, and unused territory.

I have known this from central bankers for 20 years. That they actually have said, we should sell the national parks.

You know how much the national parks. I don't want you to sell me the national parks. No. What are you talking about? No. We're not selling the national parks.

But that's not what they're talking about. They're talking about cutting the inefficiency out of every department. And taking land that is unusable, and sellable, that the government is holding, and doesn't need to hold.

Selling that land, okay?

Which would allow us to build more houses. Expand. Et cetera, et cetera.

And -- and increase the bottom line on the ballot sheet. Suddenly, with all of this, the pressure valves are opened up.

Okay? Also, put in here, nobody seems to be panicking about the government shutdown. And what is the government shutdown doing? What is Bessent hoping he gets an opportunity to do? Cut.

So now you're expanding with gold. The possibility of selling federal land at some point. You're bringing in $12 trillion of investment. You're getting the raw earth minerals from Venezuela and from South America and from elsewhere in the world. You've solved our military peace problem. We're no longer the world's policemen. So we're not having to do all of that stuff, which is a drain on blood and treasure. All of a sudden, you're target to see that America is actually shoring itself up.

So what looks like chaos right now, may actually be a controlled implosion. Of a broken system.

Because remember, this is exactly what the left was going to do.

The left, through the WEF and the Great Reset, they wanted to implode the system.

But they had a safety net that we were going to fall into, and that was a global world order. Donald Trump doesn't believe in a global world order, but he does believe, we are in trouble!

He knows that.

He has a different idea. I think we might be seeing a reanchoring of America's finances in hard assets, real productivity, and if Bessent and the president can pull this off, we may be watching the birth of a -- the building of a -- of a new foundation of a new financial order. One where, you know, we're -- we're regrounding ourself in -- in value that's actually real.

It's dangerous. If confidence breaks, if the terrorists who are already here, thank you, Joe Biden, managed to disrupt the perception of reality.

If we start having, you know, real trouble on our streets, and we go unstable, then the illusion flips.

The -- the revaluation becomes a revelation, that even gold cannot cover the sins of a government that has just not paid attention for this long. And, you know, there's no pretending that. But if we can hold together this fragile unity in this country long enough and they can revalue the system and rejigger the system, keep your eye on gold.

It may be the canary in the coal mine. It may be, this is real trouble.

But remember, not every alarm means disaster.

It's how you react to it.

You I would have told you four years ago, and I did. When we said, we're going to -- we're going to kick Russia and China off the SWIFT system. That's a really bad idea. Because you have no plan. You have no replacement for the SWIFT system. You're now taking the assets of a sovereign country and saying, "Yeah, we can do that." That will drive the prive of the dollar down. People will sell our reserve currencies. And the only thing they had as backup was a global new financial order.

None of us wanted!

Notice, we're not talking about CBDCs.

We're talking about gold.

This government is talking -- Donald Trump is talking about rebalancing and growing. Not a global world order.

So it could be that the price of gold is, you know, just a fire. That could burn out of control.

As it would have just a few years ago. And it still may. But it also may be that the rise in gold and what's happening with Donald Trump is a backfire. Is a -- you know, when you set fire in a forest fire, and you burn back into it, to put it out. This may be a fire that we're setting that could put all of this out. It may -- this heat may actually forge something new.

Because I think there's real strategy here. When you look at what I talked to you about a minute ago. Why are we bombing those boats?

That's strategy for something bigger. That's not -- that's not a War on Drugs.

That's not. That's strategy for something bigger. Knowing that he's resetting the entire world.

Knowing that he likes the revaluation of things. And he likes to grow the asset sheet.

Knowing he's not a dummy. Knowing that he wants to keep America's sovereignty true. Gold will tell the story. Whether it's collapse or America's rebirth. One way or another, we're going to know, soon.

We're going to know soon.

Watch gold!

THE GLENN BECK PODCAST

Why Your Actions Matter More Than Words in the Eyes of God

Glenn Beck and Eric Metaxas expose the spiritual crisis gripping America’s churches — a moment they compare to Dietrich Bonhoeffer’s warning before World War II. As the culture descends into moral confusion, too many Christians retreat into silence, claiming faith while refusing to act. Together, they argue that true belief demands courage — that “faith without works is dead” — and warn that neutrality in the face of evil is itself a form of complicity.

Watch the FULL Interview HERE

Is Socialism replacing the American dream?

The American Dream used to mean freedom and the chance to build your own life through hard work, faith, and independence. But today, it’s been replaced by comfort, consumption, and debt. Glenn Beck breaks down how America traded liberty for lifestyle, why socialism is gaining ground, and what it will take to reclaim the real American Dream before it disappears for good.

Transcript

Below is a rush transcript that may contain errors

GLENN: I don't know if you saw the visualizing the American dream, Stu.

You know, what the American dream actually is, is that you can forge your own way.

You can -- you know, you can have a scrap of land, and grow your own food if up.

You can, you know, go to school. Not go to school.

You can find a job. If you're qualified for it, you have an equal chance of getting it, you know, based on merit.

But the percentage of Americans who say the American dream is retirement is 86 percent. Health care, 86 percent. Owning a home, 85. Raising two kids, 78. Owning a car, 72. Vacations, 71. Pets, 66. A wedding, 55 percent. That's the American dream, I can get married.

The American dream, if that's what you think, they've now estimated, the cost per household over the cost -- over the lifetime, retirement is $1.6 million. Owning a home now, 30-year mortgage, 20 percent you want to, is $957,594. Owning a car, buying and finance to begin with new cars every ten years is now $900,000 over your lifetime. Raising two kids to 18, plus four years of public college, $876,092. Two kids. Health care, over your lifetime, spending from ages 22 to 85, $414,000. Vacations, annual vacation from '22 to '85, $180,000. One dog and one cat for 11 to 13 years is $40,000!

That's more expensive than a wedding. The engagement ring, the ceremony, and the reception is now estimated to be $38,200.

There's a reason socialism is doing well. You look at that, and you're like, wow. I mean, if that's the American dream. And for a lot of people, that is the American dream!

That's not what the American dream is supposed to be, but, you know, once -- you know, once Woodrow Wilson and FDR got a hold of us and they started advertising, it became stuff instead of freedom. It became stuff. And, you know, when there's a new report out. Let me see if I have that.

There's a new report out now that shows, first time home buyers made up just 21 percent of the home purchases. That's the lowest on record.

The typical age of repeat buyers hit an all-time high of '62. The median downtowns, reaching 23 percent.

The highest since 2023.

And also, where is it?

The last one is -- the median age for first time home buyers, in 1981, it was 29 years old.

I'm sorry. Yeah. Twenty-nine years old. In 2021, it was 33 years old.

What is it this year?

Median age, first time homeowner, forty.

You're 40 before you can buy any kind of home. That puts these things that people want, dream about, out of reach, until you're 40?

You know, 29 is one thing. But if you're not seeing -- you're not seeing your life really kind of settling down until you're 40, I -- I can understand why you're like, you know what, this system doesn't work.

Because you've never seen it work. It's betrayed you.

Or so you've been sold. It's betrayed you.

And everything is being pushed out of your reach. And when you're young, the one thing you're not is patient.

And at 40, I can see why people are not, you know, yeah. Well, socialism is neat because capitalism isn't working. How would you respond to that?

STU: I mean, it's more lengthy than we have time for. But I would say that the response to, you know, you thinking that you want a home is not to embrace an ideology that murders 100 million people.

That's not -- that's not a good answer to the problem that you think you have.

GLENN: But they're not learning that anywhere.

They're not -- that is our responsibility! To teach those things. Because they're not learning it anywhere.

Glenn Beck Warns of 3 Economic Outcomes That Could Change EVERYTHING | Ep 467

Socialism is spreading fast among America’s youth, and the shocking election of Democratic Socialist Zohran Mamdani for mayor in New York City marks a major cultural and economic shift. Glenn exposes how runaway debt, record home prices, AI job disruption, and the collapsing stake in capitalism have led many Millennials and members of Gen Z to embrace socialism and communism. He reveals the three possible economic futures for 2026: two that are disastrous and one that could change everything if the Trump administration’s global financial overhaul succeeds. Plus, Justin Haskins, president of the Heartland Institute, joins to reveal some terrifying truths about why young Americans are embracing socialism from a poll he conducted with Rasmussen Reports.

Glenn Beck warns: We're already in World War III

"The world doesn't understand yet. We're already in World War III," Glenn Beck warns. "That foe is not China. That foe is militant Islam." Glenn explains the battle we're currently facing and what's to come if we don't wake up soon...

Transcript

Below is a rush transcript that may contain errors

GLENN: From New Jersey, it's Brian. Hello, Brian.

CALLER: Hello!

GLENN: Hey.

CALLER: Yeah. Thanks for taking the calls today.

GLENN: Sure.

CALLER: Yeah. I'm worried that we are headed towards another French Revolution-style because we have entire generations. Or actually people just not being heard by their representatives.

GLENN: Hmm.

CALLER: And it's not just here. It's around the world.

GLENN: Uh-huh.

I -- actually, I had scheduled for this time, I'll just do it some other time. Talking about what's happening in -- in England.

I think England is headed for a Civil War. And -- and it's very close.

I mean, you can't put 4,000 people. 4,000 people, in jail, or try them for hate crimes. And speech crimes.

You can't -- you can't do it. In England!

You can't do that in one year. And expect people to just put up with it!

You can't -- you know, we're -- we're -- America doesn't understand yet.

The world doesn't understand.

We're in World War III. We're already in World War III.

I don't know when it becomes a hot war. Or even a war that we on our side recognize. But we are in World War III. And that -- that foe is not China.

That foe is militant Islam, period. And, you know, when we have a situation to where people are -- when the government is just like, no. It's not a problem.

It's not a problem. You know. You've got illegals all over.

It's not a problem.

It's not a problem.

It is a problem. Don't tell me what -- what the problems are not!

Because we're the ones living it!

You're the experts, who keep telling us, no. It's going to work out fine.

And it doesn't work out fine. And it just gets worse and worse.

Oh. We can spend this money. No. It looks like we can't spend this money. Oh, we can afford this. No. It looks like we can't afford this.

You know, if we do this with Ukraine, it will work out fine. No, it didn't, did it? These endless wars, all of this stuff, don't tell me what the problem is. Listen to the people and start talking to the people. Honestly, this is the reason why I'm doing this today. I -- I need to hear from you.

I need to know what's on your mind, so I stay focused and -- and clear on what America is saying.

Because I don't think -- look, you know, me taking phone calls is -- is not a true representation of anything, but it does give me a sense of -- of where you are, as an audience. Maybe not as America, but as an audience. And there are lots of things that concern me. But I want to hear it from you.
But I think you're right! We're headed for real, real trouble. All you need is real economic trouble.

You start getting real, true economic trouble. 1930s kind of depression stuff. And we're in Civil War.

Dan, Oregon. Welcome!

CALLER: Hello, Glenn. How are you?

GLENN: I'm great!

CALLER: Yeah. Good. It's been a long time.

I guess it's been over ten years, since I've had a chance to talk with you. I was one of your first insiders. I was listening to you, since you were in Florida.

GLENN: Wow. Wow.

CALLER: So it's been a long -- yeah. It has been. And I can't say I've enjoyed all of it.
(laughter)

GLENN: Neither have I!

STU: I can't say that either, I'll be honest with you.

CALLER: You know, you were talking on yesterday's show, reminiscing with Stu about how you guys started. And I remember those old shows. And, you know, at the end of the -- the fusion of entertainment and enlightenment.

STU: Hmm.

GLENN: Right.

CALLER: And there was a lot more entertainment. I remember I laughed a lot.

GLENN: Oh, yeah. I know. I know. Those days are long dead.
(laughter)

STU: There's nothing to laugh about now.

CALLER: Yeah. I -- I'm 78. I still work 40 hours a week. I love my job.

GLENN: Good for you.

CALLER: Been married for 55 years. I have seven kids.

GLENN: Good for you.

CALLER: I've got a daughter -- I've got a daughter who is in her 40s. And she has severe TDS. She -- we don't -- I mean, we're not cutting each other off. She hasn't done that at all. We're still very close as a family. But she was down visiting the other day, and got into a conversation with my wife. And I wasn't in the room. But Kathy said it was just like listening to one of those young people out on the street that was being interviewed by the news media. And she was -- and she was in tears about it. My wife and my daughter both.

And, I mean, I love her, and I continue to support her. She's a single woman, not by choice. She just never found the right guy.

GLENN: Yeah.

CALLER: And I really think that's part of the problem. Because she started reading -- back when Trump was first running, she started reading all of this stuff about him being misogynistic and all of this stuff.

GLENN: Yeah. Yeah.

CALLER: And it's just gotten worse. I -- I'm at a loss. I really am. Because I -- like, I see the country doing better. I keep waiting for the other shoe to drop. But I still feel like that at least right now, we're doing better as a whole. But what do we do about -- what do we do about our kids about -- she went to Portland State University for the last two --

GLENN: Oh, jeez, for the love of --

CALLER: Well, yeah. For the last two years, she went to -- she went to a little college in Idaho called Ricks for the first two years, and Utah State.

GLENN: Oh, yeah.

CALLER: And then she served a mission for our church in Brazil and came home, but then she went to Portland State University. And it just seems to have gone downhill from there.

GLENN: Yeah. Yeah. So, Dan, I think you are suffering from the same thing that almost all parents are suffering from. If you're not suffering from this, then, I mean, God bless you. You know, get on your knees and thank God. Because you are a lucky, lucky family. Everybody has in their family. I have it in my family.

And you have to ask yourself, what is your goal?

My -- what is your goal with your daughter? Your real goal?

CALLER: My real goal is for us to be united eternally. That's my goal. That's my goal as a father and has been to teach her --

GLENN: And how -- and how is that going to happen with politics?

CALLER: We just stay together as a family regardless of what politics does.

GLENN: That's exactly right. Exactly right.

I think we're in a place now where as parents, you can ask your kids, but it has to be honest. It cannot be trying to win. It has to be honest. How did you get there?

I mean, I remember. You know, we've talked about this before. And you didn't believe that before. What has changed?

Can you help me with that?

I would like to see what you're reading, or what that was.

And just ask questions. But they have to be honest. They can't be, you know, because I'm setting you up. Because I want to change your mind.

But keep a dialogue open with them. And just love them!

Just love them!

Because if you do anything else, you're going to drive them away. And then they're really lost. So just love them.

CALLER: Oh, I know that. Glenn, when she was young -- when she was young, I considered her one of the elect. And the Scripture says, that in the last days, even the elect are going to be deceived. And that's what I'm seeing. But everything you've said, I -- I am doing. I'm doing it that way. Because I know --

GLENN: Okay. Good. Then you didn't need to -- I appreciate it. I'm so glad you called me. But you didn't need to -- my advice, you already have it down. You're a very wise man.