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RADIOMay 12, 2022

LISTEN: New York Times tries to SPIN Biden’s FAILING economy

With inflation skyrocketing, gas prices through the roof, and small businesses closing around the clock, millions of Americans are suffering in today's economy. But that didn’t stop the New York Times for doing what it does best: spinning the news to fit its ideological goal. In a recent piece, the Times actually argued Americans are benefitting from Biden’s economic policies, calling it an economic ‘boom’ that Republicans are trying to hide. In this clip, Glenn dissects the piece…

Transcript

Below is a rush transcript that may contain errors

GLENN: Are you ready, Stu?

This is good news. This is good news.

STU: I'm excited.

GLENN: This is the era of great political division. Dramatic cultural upheaval, but much more quietly. It's been a time of great financial reward for a large number of Americans.

Now --

STU: Oh, yeah.

GLENN: Now, I want you to remember, the class warfare that has been going on. Okay?

I want you to remember also, that the truth is, wealthy Americans are getting wealthier. Everybody else is not. But we're not going to learn that in this. We're going to be corrected. For the 158 million people who have been employed.

Prospects haven't been this bright since men landed on the moon. And as many as half of those workers have retirement accounts that were fattened by a prolonged bull market and stocks.

There are 83 million owner occupied homes now in the United States. And at the rate they've been increasing in value, a lot of them are, in fact, giant piggy banks, that families live inside. This boom does not get celebrated much. Oh, no. Because it was a slow build phenomena in a country where news is stale within hours. It's happened during a time of fascination, with the schemes of the truly wealthy. See Elon Musk. And against the backdrop of increased inequality. If you were unable to buy a house because of spiraling prices, the storing amount of homeowner's equity is really a comfort.

The queasy stock market might be signaling the boom is ending, a slowing economy, renewed inflation, high gas prices, rising interest rates, could all undermine the gains achieved over the last few years. But for the moment, this flood of wealth is quietly redefining retirement. Helping fuel Silicon Valley and stoking the boom in leisure and entertainment. It's boosting corporate profits by unprecedented amounts by also giving just about everyone else the notion that a better job is just within reach. More than 4.5 million workers voluntarily quit in March. That's the highest number since the government started keeping statistics.

The Bureau of Labor Statistics, reported last week, a few years ago, the monthly total was between 3 million and 3.5 million. It's now 4.5.

STU: Wow!

GLENN: Maybe it's easier to focus on the negative. But a huge number of people, maybe 40 million houses have been doing pretty well, says Dean Baker, an economist, and cofounder of the Liberal Leading Center for Economic and Policy Research. You would have to go back to the late 1990s to find anything like this. Before that, the 1960s. This wide-spread wealth -- this wide-spread wealth, according to the New York Times, throws light on why the number of workers who say they expect to be working past their early 60s, has fallen below 50 percent for the first time. It accounts for the abundance of 1 billion-dollar startups known as unicorns.

Wow, that's the -- that's the little guy, winning there. The 1 billion-dollar startups.

STU: Just the average Joe, taking his lunch box. And his blue shirt to his tech startup.

GLENN: That's right. More than 1,000 now, up from 200 in 2015. It offers a reason for the rise in interest and unionizing companies, from Amazon, to Apple, to Starbucks. As hourly workers seek to claim their share. And it helps explain why Dwight and Denise --

STU: Wait. Wait. The sign of prosperity is that workers have tried to seek their share? Doesn't that mean they don't have their share?

GLENN: No. They're living in a giant piggy bank right now. So they can't get out.

STU: But they can't find money. They're seeking it.

GLENN: No. They have it all in their house in the piggy bank. They live in a giant piggy bank. Are you listening?

STU: Well, you said 40 million households are doing well. But there's 124 million households in the United States. What about the other 84 --

GLENN: Okay. Mr. Gray cloud. And it helps explain how Dwight and Denise MacInson just returned from a 12-day cruise through Germany.

STU: You know, I had not considered the Dwight and Denise MacInson part of the economy.

GLENN: Well, listen. Our net worth has reached the millionaire level due to our investments.

STU: Wow, congratulations.

GLENN: Which was unfathomable when we were married 40 years ago, said Mr. MacInson, 76, who is retired from the U.S. Forest Service.

STU: Uh-huh.

GLENN: The couple who live near Coeur d'Alene, Idaho, have a company. There are 22 million U.S. millionaires Greta Swies estimates -- estimates. Up from a fewer than 15 million in 2014. Isn't that great?

STU: Well, that is great. That part is great. That does not necessarily mean the economy is currently healthy.

GLENN: Right.

STU: When you're talking about investments, how you're getting the MacInson family on to this wonderful 12-day cruise, that doesn't seem like when the markets are tumbling, is the time to brag about that. What am I missing?

GLENN: Oh, my gosh, Stu.

You're missing the enlightenment that is coming from the New York Times, okay?

Some would have concentrated on, wait a minute. 22 million U.S. millionaires. Up from 15 million in 2014. Some might point out that the New York Times, has always hated stats like that. But I'm not going to do that.

STU: Yes.

GLENN: Mrs. MacInson says, I use coupons to buy things. One of my daughters would say, mom, that's so embarrassing. But we believed in saving. How she uses coupons too.

Every economic transaction has several sides. No one thought home prices in 2000, were particularly cheap. But in the last six years, prices have risen by the total value of all housing in 2000.

In many areas in the country, it has been practically impossible for renters to buy a house. This fracturing society, even as the overall home ownership rate in 2020 rose to 65.5 percent, the rate for black Americans have severely lacked.

At 43.4 percent. It's even lower, 44.2 percent, in 2010. The rate for Hispanics, was only marginally better. This disparity might account for a muted sense of achievement. It's a time of prosperity. A time of abundance. Yet, it doesn't seem that way. Says the vice president of enterprise research at black knight. Sean and Stephanie Macaulay said the value of their house just 20 miles North of Seattle shot up 50 percent since they bought it just a couple of years ago.

We were very fortunate now, given the situation, for many others during the pandemic. He works for a data orchestration company. Somehow, we're doing even better financially. And it feels a bit awkward. Even for those doing a bit well, the economy feels precarious, however.

The University of Michigan's veneral index of consumer sentiment fell in March, the same levels as 1979. And politicians have been mostly quiet about the boom. Listen to this: Why?

Because Republicans aren't anxious to give President Biden the credit for anything, said Mr. Baker, the economist. The Democrats can post about how many people have jobs and strong wage growth at the bottom. But they seem really reluctant to do this, knowing that so many people are hit by inflation.

Oh. So they have -- they don't want to rub people's noses in it. That's the only reason why he's not taking a victory lap, is because he knows people are suffering. He wants to connect with them for him

The initial coronavirus outbreak ended the longest U.S. economic expansion in modern history after 128 months, a dramatic downturn began. The federal government stepped in, generously spreading cash around. Spending habits shifted as people stayed home.

The recession ended after two months, and the boom resumed. Jerome Powell, federal reserve chair recently warned that there were too many employers chasing too few workers. Saying the labor market is tied to an unhealthy level. Well, that's probably because everyone is so rich now. We learned that, you know, what was -- 4 million?

STU: 40 million households are doing well. Just the other 80 million households.

GLENN: So a decade ago, the housing market was in chaos. Between 2007 and 2015, more than 7 million homes were lost to foreclosure.

But that was because they were egged on by lenders. And people lived in houses that they couldn't afford. But now the reverse is true. People own much more of their homes than they used to. While the banks own less.

And that acts as a shield, against foreclosures, which in 2019, were only 144,000. During the pandemic, the foreclosure mostly ceased due to moratoriums. That's parenthetically speaking, of course. The equity available to home owners reached nearly $10 trillion at the end of 2021.

That's double what it was at the height of the 2006 bubble. Oh, that makes me feel better.

Because we know, 2006, I mean, that's double. Of course, we're trouble of the value of all of the homes. Just the increase, is double than the value of all of the homes in America. At full price, in 2000. So I don't know exactly what that means, especially since 2006. We were double that, and then we had a huge bubble that broke. Anyway, for the average American mortgage holder, that amounts to $185,000, before hitting loan to value tripwires. That figure is up, $48,000 in a year. That's what the American family earns annually. Wow.

Even new homeowners feel an economic boost. We've never had enough for a down payment. But then, Stu. The summer of 2020, we got a good tax return. We got a stimulus check.

And we had a little money in the bank. So this is according to Magalay Pena, 41, an architect for the federal government. She and her husband bought a townhome in the Miami suburb of Homestead. She's a first generation immigrant from Nicaragua. She likes to check out the estimated value of her home and her neighbors on the real estate website, Redfin.

Sometimes I check it every day, or every three days. It's been crazy. Everything skyrocketed. In 2006, homeowners cashed in their equity.

Sometimes, they use the money to double down on another house or two. In 2022, there is little sense of excess.

Brian Carter, an epidemiologist in Atlanta, said he and his wife, Deserie had about $250,000 in equity in their home. They didn't plan to draw on it. I was 27 in 2007. I watched a lot of people lose their houses, because they couldn't leave their equity alone. That included my next-door neighbor, and family across the street. I don't want to worry like that.

In May 2000, the entrepreneur Kurt Anderson said raising money for a media startup called Inside, was as easy, excuse the expression, as getting sex in 1969. That was just a few weeks after the stock market peaked. Seventeen months and one merger inside, shut down. Wow. In 2000, the startup downturn was the first sign of a wider economic trouble. This time, it may simply be that people are doing too well. U.S. households are in the best shape in 30 years. But does it matter? Oh, my gosh.

STU: It's such great news. I came in today, a little down. I did. I just saw that the -- the inflation numbers were worse than expected.

GLENN: Oh, no. It was only going to go up pointed four.

STU: Okay.

GLENN: So like 8.1, is what I think they were expecting.

STU: Yeah. I know one of the numbers -- it was up just a little higher. I think they expectedly 6 percent. And they got 6.2. Which, of course, is doing wonders for the markets. Once again. This Joe Biden, economy is so vibrant. Sometimes, and this is something that people don't consider. Sometimes the vibrancy of this economy, blinds people, and they click the sell button, instead of the buy. That's what's going on.

People have so much money, they want to buy more, and because of this vibrancy. They're clicking the sell button.

GLENN: That's what they're saying.

STU: That's going to clear themselves up, soon. This is just a transitory issue, that will be over in moments. It's probably over hardware.

I mean, it's not quite reflected yet. But soon it will be --

GLENN: I just want you to know, anybody who says -- who talks down this economy, really ought to be censored. I mean, for disinformation. Probably even malinformation.

STU: Hmm.

GLENN: You know, they know exactly what they're doing. They just don't want to give Joe Biden credit. No. I'm different.

Believe me. I'm going to give Joe Biden all the credit he deserves.

Glenn: How YOU should prepare as the price of EVERYTHING rises

The prices of used cars are skyrocketing, with interest rates nearly double what they were just a few years ago. But, as you already know, it’s not just used cars. The cost of EVERYTHING is rising, and it seems like that’s exactly what global elites — like those at the World Economic Forum — WANT to happen. So what should you do? Watch this clip for Glenn’s advice on what you should begin preparing NOW.

Transcript

Below is a rush transcript that may contain errors

GLENN: I want to talk to you about what is coming. What you need to prepare for. So you can change the way you spend money, and let me give you some information that will help you understand, how to navigate and know what is real, or what is not.

You keep hearing that -- that credit cards are going gangbusters, everybody is fine. And default rate, blah, blah, blah.

You're hearing a lot of that, and a lot of that will be based on American Express. Why should you not look at the stats of American Express?

Do you know, Stu?

STU: No. American Express that demands that you pay it off. So generally speaking, it is people who have more money. They don't care an American Express.

But more importantly, American Express, your FICA score is between 40 and 60 points higher, to be able to get just a regular green card American Express, over Discover or Capital One. Okay? So you're not looking at the riskiest ones. Okay?

STU: Right.

GLENN: And when you look at the riskiest ones, Capital One, they have been taking, you know -- some crime borrowers. People who are living on the edge. And living on their credit card. Those are Discover cards. And Capital One cards.

Generally speaking.

Well, Capital One is turning off the spigot of credit. In a lot of places. They've just begun doing this. Their loss is up year over year.

$1.4 billion. They've just had to write off this year.

Okay? Because people failed.

Their charge-offs, for both of them, have gone from one and a half percentage points, to four percentage points.

And we're in an economy that our leaders are telling us, is good. It's healthy.

It's growing. It's wonderful.

STU: But what did Biden say about it?

It's -- God, what was it? It was a half swear. I can't remember what it was. Smart as hell. That's what it was. Or strong as hell. This economy is strong as hell.

GLENN: If this is strong as hell, who is it strong as hell for? You know the answer to that. The rich.

It is getting harder and harder for the people at the bottom end.

You will have nothing, and you will be happy. It's the promise from the World Economic Forum. By 2030, you will be happy, owning nothing.

Now, I don't know how that is possible, in a society set up around ownership. The reason why ownership is so important in America, is because that's the way you can hold on to wealth, and grow wealth. By buying your own home.

Not your car. But by buying assets and owning things that increase in value. That's how we have lifted the poor class, into the middle class.

And the middle class into an upper class.

That is unique, and really, truly very American.

Ownership.

But you take that ownership, how are you going to save money?

How are you going to grow money?

Okay. Now, let me take you to the cars. People just a few years ago, if you went to buy a used car. It was seven to $15,000. Average. Okay?

It is now 20 to $25,000 for a used car. What has changed?

Well, the Wuhan virus changed everything. That collapsed the supply chain. You can't get the supply chain back on track. So we're still short cars. That makes your used car more expensive. So that's why you've gone from at the top $15,000 to now 25,000.

The top of average. It's gone up. Ten grand. Has your salary gone up? Has your savings gone up?

Has your -- I mean, with inflation.

That's real dollar. That's not inflation. That's real dollars. Inflation is on top of that.
Why are we paying so much money for everything?

Well, one of the reasons is, we're no longer leading the world. We are intentionally hobbling ourself with oil and gas prices. They're not refilling the strategic oil reserve, because President Biden says it's still too high. Well, you know what, you may be in a war that you are creating right now, President Biden.

What do you say, you bite the bullet, because you don't seem to have a problem spending money everywhere else, and fill our national strategic supply back up.

We're intentionally shooting our feet. So gas prices go up.

Which makes people think, okay. Well, they're getting rid -- they're getting rid of the gas car. Everybody is going to electric. Maybe I should buy an electric car. Well, electric cars are expensive. They're new and expensive.

Okay. Plus, your energy costs are going up.

The more you build, the more people buy electric cars, the higher your energy price. The higher your electricity bill. Who is paying for that?

How do I afford that? On top of my brand-new car? You can't.

And if you could afford a new car, you're paying full sticker, if not above.

And, you know what, I have to buy something. So I'll buy a used car, at an unbelievable price.

Now, let's look at the price to borrow the money for that car. Okay.

So on average, we have gone from 3.6 as your rate to borrow money for a car. 3.6.

The average now is 6.8. Okay?

That's a lot of money over the lifetime, just in the last year. That's an additional $2,000 you have to pay for your car. But that's if you have good credit. If you're subprime, subprime is as high as -- with insurance 26 percent. That's loan shark stuff. You'll never, ever, ever pay for that car. You'll never get out of that.

So what are you going to do? So now people are losing their cars, because our repossession of cars is now higher than it was at the peak of the financial crisis of '08. And we're in an economy that is strong as hell.

It's not working for the average person. I hate trickle-down economics. It's clear you do. Because nothing is trickling down. Have you noticed that?

Nothing is trickling down. Because you're not giving any incentives for people to invest in anything.

You are dictating what technologies and everything else, that you're going to invest in, as the United States government.

And you're going to have and tell the banks, what they should invest in.

The rest of us are holding on, going, I don't know what's going on tomorrow.

And we're already doing that, because of technology. We have no idea, what technology is going to do to any of our jobs.

So do I invest in a new factory? Do I wait for a couple of years? There's no incentive to build a factory here.

I don't know what the energy costs are going to be. So there is no trickle down. This is society without trickle down.

The rich just keep getting richer. And you're not seeing any of it. None of it.

So here's the thing that I -- I want you to be prepared for: And that is helping each other out.

Being prepared with your food.

With your energy. Don't go out and blow your money on stupid stuff.

Everything that they are telling you in the media, that we're strong as hell, is not true.

Have you heard anyone talk about Saudi Arabia getting rid of the petrodollar?

Have you seen that anywhere, Stu?

STU: No.

GLENN: Okay. How could that possibly be?

How can the Saudis say?

Yeah, we'll take any kind of money. That is the United States of America going off the gold standard, to replace gold with the petrodollar. We said our dollar is the only way you can buy oil. And that's what kept the dollar sound. Well, now wait a minute, if that's no longer true, what's keeping of our dollar sound? And why hasn't there been any discussion of this?

Why isn't anyone talking about something, that is going to affect you, your future, your children?

Your debt. Your job. Your medicine. Everything is going to be affected by that. And yet, nobody has told you anything, about it.

I just find it curious. That the leaders of expense, are the things that the great reset is trying to get rid of.

Car, worth a fortune. If you hadn't emptied our strategic oil reserve, fuel would be through the roof. Just like it is everywhere else.

Meat, you know, they don't want you eating meat. Have you seen? It will go up another 15 percent this year. Have you heard that stat?

Chicken? God help us with chicken. Did you see what happened with Connecticut this week? One of the chicken producers burned to the ground. 100,000 chickens gone. What is that going to do to the price of chicken?

All of the things that they say, they want to eliminate or change. All of those things going through the roof.

Can't get fertilizer. Can't get fertilizer.

Why? Well, Russia makes most of the fertilizer that we would use. Oh, okay. So let's go pick a war, with Russia.

And I want to talk to you about the war with Russia. Because that's another thing that doesn't make sense.

Batten down the hatches. Do your own homework.

Look at, where do you have your dollars? If you have anything.

‘Wearable technology’ is BEYOND DANGEROUS to YOUR free will

Wearable technology is not longer a prediction for our future. It’s HERE, and a recent clip Glenn plays from a presentation done by the World Economic Forum in Davos earlier this month proves that world elite already are planning how to use it. This kind of technology and artificial intelligence can monitor your BRAINWAVES, tracking your productivity and effectively diminishing YOUR free will. Glenn explains just how dangerous this new type of technology truly is…

Transcript

Below is a rush transcript that may contain errors

GLENN: All right. Let me tell you something that is going on in the stock market right now. The stock market Buzzfeed, Inc. is going through the roof right now.

There's a feeding frenzy, for their stock. People are -- are very excited. Because Buzzfeed has said, they're going to use open AI, ChatGPT, any of these things.

And they'll -- they'll start having computers, write stories. So you -- you -- poeple -- so think of the money.

Oh, isn't that great?

This is -- this is following Microsoft investing $10 billion in open AI, which is the major ChatGPT. And Buzzfeed has announced open AI is open for business at Buzzfeed. I will tell you, that every show that we do, everything that we do, is made by hand.

It is -- we will not sell out. I'm talking about the Glenn Beck Program. We will not sell out and have our shows written by machines.

We will -- we will do our own research, and -- and dig deep.

We -- I'm not a technophobe. I believe -- you know, Google has been a good thing in research.

It's been a good thing. So I have no problem using devices, but I will not replace people with machines. AI.

Now, that's going to put anybody who does that, it's going to put them in the exact opposite position, as Buzzfeed. You'll have a harder time making money because you refuse to lose our humanity.

But I will go a step further. I am not ready for what they are now calling a brain transparency. I want to play something to you, that is hopefully eye-opening. This is a clip -- and we have the full 30-minute seminar on this.

This is just the first clip, from the World Economic Forum. It -- there was a speech on technology. And it features a video, that we'll have in here. This video is like a little cartoon.

And it shows how technology can monitor your brain waves. And make you more productive at work.

This is shocking enough. But what is said after, is even more so.

Here's a clip, again, from the World Economic Forum.

Listen.

VOICE: First off a video. It's going to make you see the future. And understand a wonderful future, where we can use brain waves to fight crime. Be more productive. And find love.

GLENN: Wonderful.

VOICE: You're in the zone. Even you can't believe how productive you've been.

Your memo is finished.

Your inbox is under control. And you're feeling sharper than you have in a decade.

Sensing your joy, your playlist shifts to your favorite song. Sending chills up your spines, the music begins to play. You glance at the program, running in the background, on your computer screen.

And notice a now familiar site, that appears whenever you're overloaded with pleasure. Your theta brainwave activity, decreasing in the temporal regions of your brain.

You mentally move the cursor to the left.
And scroll through your brain data, over the past few hours.

You can see your stress levels rising, as the deadline to finish your memo approached.

Causing a peak in your beta brain wave activity. Right before an alert popped up. Telling you to take a brain break.

What's that unusual change in your brain activity. When you're asleep.

It started earlier in the month. You send a text message to your doctor, with the mental swipe of your cursor. Could you take a quick look of my brain data? Anything to worry about?

Your mind starts to warned to the new colleague on your team, whom you know you shouldn't be daydreaming about. Given the policy against intraoffice romance. But you can't help fantasizing just a little. But then you start to notice, your boss notices your amorous feelings, when she checks your brain activity and shift your attention back to the present.

You breathe a sigh of relief, when the email she sends you later that day, congratulates you on your brain metrics from the past quarter, which earned you another performance bonus.

You head home jamming to the music, with your HEP issue playing something earbuds still in.

When you arrive at work the next day, a somber cloud, has fallen over the office. Along with emails, text messages, and GPS location data. The government has subpoenaed employee's brain wave data, from the past year.

They have compelling evidence, that one of your coworkers has committed massive wire fraud. Now they're looking for his coconspirators. You discover they are looking for synchronized brain activity. Between your coworker and the people he has been working with.

While you know you're innocent to any crime, you have been secretly working with him, on a new startup venture. Shaking, you remove your earbuds.

GLENN: Stop for a second, please. Stop.

How many feel comfortable with this? This -- remember, it was introduced as, you know, your future.

And showing you how exciting things can happen, in your future.

You'll be able to increase your productivity. We'll be able to fight crime.

You'll be able to find love. Who is comfortable with just this?

Now, let me just play the beginning of one of the eggheads at the World Economic Forum, talking about this.

Go ahead.
(music)

GLENN: You have the rest?

VOICE: What do you think? Is it a future you're ready for?

You may be surprised to learn, that it's a future that has been already arrived. Everything in that video, that you just saw, is based on technology, that is already here today.

Artificial intelligence has enabled advances, in decoding brain activity, in ways that we never before thought possible. You've heard a lot about AI, over the past few years.

Here at Davos, it's been the talk of the hour. But I want to talk about it in a different way. Which is, the ability to decode brain wave activity. After all, what you think, what you feel, it's all just data.

Data that in large patterns can be decoded using artificial intelligence. Consider this, the average person thinks thousands of thoughts each day. As a thought takes form, like a math calculation. You're happy. You're tired. You're hungry.

You're elated. Neurons are firing in your brain. Emitting tiny electrical discharges. As a particular thought takes form. Hundreds of thousands of neurons fire in characteristic patterns, that can be decoded with HEP electro and AI-powered devices.

In fact, what you're seeing here is my brain activity, while I'm wearing a simple device, like the one on the right.

We're not talking about implanted devices of the future. I'm talking about wearable devices that are like Fitbits for your brain.

It used to be that there was very little we could do tell from EEG activity. But already, using consumer wearable devices, these are our headbands. Or hats that have sensors that can pick up your brain wave activity, Earbuds, headphones. Tiny tattoos that you can wear between your ear. We can pick up emotional states, like are you happy or sad or angry?
We can pick up and decode faces that you're seeing in your mind. Simple shapes, numbers, your pin number to your bank account.

It's not just your brain activity here, that we can pick up. We can also pick up your brain activity in different places.

Like as your neurons fire from your brain down your arm. And send signals to your hand to tell you how to type, move. All of that could be decoded through electromyography.

That's what you're seeing here, a device now, in the form of simple wearable watch, that can pick up that activity. And one of the pivotal acquisitions of the field. Meta acquired this company, control labs in 2019, because major tech companies are investing and helping to make these devices universally applicable in the way in which we interact with the rest of our technology. In fact, the coming future.

GLENN: Okay. Stop.

We are -- we are there, gang. Everything, Stu. You remember -- you remember the -- the crazy days back in the '90s.

When I would talk about this stuff. And it was really, truly science fiction. It was science fiction. It was a prediction from people like Ray Kurzweil, of where we were headed in the very near future. And when you said very near future, it seemed like it was a long way away. You know, it was 2020, 2030, this would begin to happen.

And I've been -- I've been telling you, since 2016, I -- I started to get very, very specific.

That our jobs are going to be in danger. Our jobs are going to be in danger, because things like AI will be able to take jobs away from people.

This is why when I've ever spoken of universal basic income, I have not dismissed it out of hand as un-American.

Universal basic income, as it's been debated, has -- is wrong.

And I do not think it's an answer for anything. I think it will only cause more problems. However, what I have said is, we have to discuss something. Because what's going to happen is these tech companies, like Microsoft, Google, and others, they will start to create things that take the jobs.

You won't be able to have a job. And, you know, if you think that creative jobs. Well, I have a creative job.

We will take your creative job. It can already write and perform vocally and with instruments, any style of music, and you have no idea you're listening to an algorithm.

No idea. Humans are not involved. Try ChatGPT. Ask it anything.

And you can't tell that you're not in an interaction really, with a machine.

It is so far beyond a Google search. These things are going to impact everything. For instance, Microsoft is now working on releasing -- and I guess it's an app. Or a system.

That you say, I want to develop a website. And you tell the AI. Andly it develop it for you.

Already, images can be produced using AI.

You describe what you want to see, and it might in ten seconds, come up with hundred different images.

That could be photo realistic. And 80 of them, might suck.

Ten of them might be eh. But five of them might be really good. This is only going to get better and better and better and better.

So now, what do we do?

Are you comfortable with your brain waves being taken?

Remember, they just told you, that they can get your pin code. Your pin code.

For him it's not a bunch of useless data. They can get down into everything.

Now, if you think that -- if you think this is, you know, something on the horizon, that's not going to happen. You're sadly mistaken.

Because it is already being put to use, in factories. And I'll explain that to you, come up in 60 seconds.
(music)

JEFFY: American Financing. NMLS 182334. Www.NMLSConsumerAccess.org.
(music)

GLENN: Okay. Mortgage rates are coming down, just a bit. They're in the fives.

Which is a lot lower than, you know, what the -- the usual credit card interest rate is. The average credit card interest rate now is 20 percent. It can be as high as 26 percent.

How much interest are you paying every month?

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(music)

GLENN: Okay. If you remember, and I don't know how many people do. There was a story out of China, where factories are starting to force their workers to wear hats.

And these hats have this wearable technology in it, that this woman was just speaking about.

Now, this story came out two, maybe three years ago. And it monitors the brain waves. And they can see who is paying attention. And who is not.

It also can give them like a little electric shot, if they happen to not be paying attention.

And it's a little freaky. Because the corporations know everything about these people.

And remember, the corporations are in a public/private partnership with the government.

When she says to this group, at Davos, are you ready for -- you know, wearable technology? To scan brain waves?

The crowd is kind of mixed. You know, you hear kind of, no, not really.

But she's talking to the elites. They're not going to be the ones in the office. They're going to be the ones monitoring everybody's brain waves.

This is why this is so dangerous, to be discussed only with the elites.

They are deciding right now, what kind of technology they will be using to keep us in line. And to keep us productive.

And you're going to have a hard time getting a job, if you don't want this technology.

These are the things that are right here, right now.

Glenn tells the TRUTH about how BAD our economy REALLY is

The U.S. economy is struggling, and signs show the strength of the U.S. dollar is only getting worse. In this clip, Glenn explains why — thanks to Saudi Arabia — the petrodollar is in HUGE danger. And, if the petrodollar disintegrates, so will the U.S. economy. But you won’t hear this anywhere in the mainstream media, Glenn says. So, he gives you the FACTS about how dire our economic and monetary situations truly are: ‘No one is telling you the truth. No one will tell you how bad things are.’

Transcript

Below is a rush transcript that may contain errors

GLENN: I want to share something with you that comes from Branden Smith.

I think this is probably the most accurate on what is coming. I told you -- I've been telling you this for a long time. But I told you a couple of weeks ago, that you were going to start to see Saudi Arabia with the World Economic Forum, get off of the US dollar.

I have said, since 2008, show me a path where the dollar doesn't collapse. And I've been giving two answers every time from all the experts.

Glenn, the US dollar is the only way for think about in any country, to buy oil. It's called the petrodollar.

Yeah. Yeah. Yeah. I get that. But what happens if the petrodollar -- it's never going to go away.

Okay. Saudi Arabia is our good friend.

They know what getting off the petrodollar would do to their very friend, and protector, of the United States.

So it's not going to happen.

Okay. Okay. Okay.

And, you know, another thing, Glenn, that you don't understand, is that there's just too much out there to lose.

And these banks, and these countries, they're not just going to let the dollar collapse.

They'll lose too much.

So stop worrying your cute little head about the dollar.

Okay. All right. Well, that's what you will hear from all of the experts.

That is either head in the sand ignorance, or a blatant lie.

The thing that has kept our dollar in place, is the petro status. It means that Saudi Arabia will only trade in -- and OPEC will only trade in US dollars. So if you have a wan or a ruble or a yak, you have to buy a dollar that you can send them to OPEC. Okay?

That's why all the countries keep the US dollar on hand. They need it to buy fuel.

Well, guess what just happened at the World Economic Forum.

Something that will never, ever happen. The Saudis have now said, yeah. We'll pretty much take anything. They're not that picky. Yeah. You can buy it with other things. Sure, go ahead. Let's give that a whirl.

Well, Glenn, that will never -- it just did.

It just did.

Well, I mean, the -- the rich and the powerful, I mean, they have too much to lose, and they'll never just allow the dollar to -- hmm. Unless the rich and powerful are part of something like a great reset. Unless the rich and powerful are the ones that know what's coming, because they're the ones that screwed it up, they're the ones that have been funneling money to themselves, from our Treasuries and from our printing presses. While they're screwing the little guy. They seem to get richer. Why is that? How come the banks have received trillions of dollars, but the little people didn't even know that was happening?

It's almost as if, these people were robbing our Treasuries. Looting our countries. Knowing that it's going to collapse, and they're positioning themselves to be ready, when it collapses into the system they are building.

The only ones who don't know is you. Well, it's a conspiracy theory. Is it? Is it?

You can play that as much as you want. I'm telling you, these are the robbers. These are the guys that have been hiding in the hills.

These are the ones that are stealing you blind.
It's the golden goose. It will never -- uh-huh. Uh-huh.

They will cut the head off the golden goose. And when they actually start to get out of dollars. These countries are already selling their dollars. But it hasn't really started yet. As they start to get rid of those dollars. What happens to those dollars? They're no longer in somebody's vault. They're now pouring in all over the country. Which makes our inflation even higher.

You'll have to have a way out. I mean. Hey, what a coincidence.

We have the central bank digital currencies being approved right now.

All over the western world.

The IMF has been working on a basket of currencies for a while now.

Just in case the US dollar would ever collapse. Oh. Good thing they've done that just recently, when one of them must have figured out that, oh, all the things they've been telling us is not true.

So somebody at 2 o'clock yesterday was like, hey. I know it's Sunday, but I just figured something out.

We should do something.

Yeah. They've been planning this for a long, long, long time.

Okay. I want you to listen to Brandon Smith. 2017, he said, I published an article, the Saudi coup signals war, and the New World War reset. I noted at the time that the sudden power shift over to the crown prince, Mohammed bin Salman, indicated a change in Saudi Arabia's relationship to the US. To understand how drastic this coup has been. Consider this: For decades, Saudi kings maintained political balance by doing -- by doling out vital power positions to separate, carefully chosen successors.

Positions such as the Defense Minister, the Interior Minister, the head of the National Guard.

But today, Mohammed bin Salman controls all three positions. Foreign policy, defense matters, oil and economic decisions, and social changes are all in the hands of one man.

So who backed this? Well, it was backed by the public investment fund. A fund comprised of trillions of dollars.

Where did that come? From globalists. Goldman Sachs, Blackstone, BlackRock, the head of the Saudis now fell into favor with the globalists for one reason. He openly supports vision for 2030. What is the vision for 2030?

Oh. The vision for 2030.

That's the World Economic Forum.

That's the UN.

That's The Great Reset.

We're going to get all of these carbon fuels.

These fossil fuels.

And we're going to have carbon controls.

Wait. Glenn, that is the -- that's the dumbest thing I've ever heard.

It's Saudi Arabia. Why would they ever do that?

Because the Saudis have been given assets to ESG-like funding. As well as access to AI advancements. The so-called digital economy.

Hmm. So the Saudi elites are willing to dump the dollar and even oil for access to a reimagined economy. A reimagined world. Fantastic.

Fantastic.

Here's the thing: Saudi Arabia has jumped on this bandwagon. China has bumped -- has jumped on this bandwagon.

When this really starts to kick in, our economy -- well, let me just put it this way. We outsource our inflation. Okay?

Because everybody else is running on dollars, that they have to buy from us.

Their inflation goes up. Because of what we do. So I think I told you this in 2009, the rest of the world is going to hate America. If this ever comes really out. And everybody really knows. There's a couple of heads on the chopping block.

One, America, that's just over. Because we've destroyed -- our choices, to just spend and spend and spend. Our choices are going to be used against us, by foreign leaders who can't keep their people in control and need a villain. And it will be the United States.

Then on top of that, you have the World Economic Forum. The World Economic Forum, which has orchestrated a lot of this. The Federal Reserve.

What happens when the Federal Reserve raises interest rates? Because they have to suck all that money back in.

And yet, we don't stop spending. Hmm.

That's going to be a problem. Don't you think?

And we're going to have to start spending.

Because things like Social Security. It's on the brink of collapse.

When is somebody going to stand up? A politician? A real leader?

I mean, I'm going to be 59 in a couple of weeks. Fifty-nine. I can't believe it. I don't know what happened. But all of a sudden, I'm 59 years old. I've known my whole life, I'm not getting Social Security. If I get Social Security, it's going to be worthless. It's going to be worthless. I've known this my whole life.

Okay. Why is it short?

Because at one point, we had enough people working that could pay for the older people. Okay?

We used to have a bunch of young people working, and they all contributed to the Social Security. I think it was 16:1.

So people working, and they -- their portion of their Social Security, would go to the one.

It's now two and a half to one. How are you going to keep that up? Especially when people start losing their jobs. How are you going to do that?

The -- the most logical thing to do right now: Is to begin telling everyone, when you hit 65, you've got to keep working. Unless there is, you know -- if you're 65 and you're getting it, you're 65 and you're getting it.

But you've got to keep working. And if you're 60, you get half. Now, this is going to be a real problem. Because I paid Social Security my whole life. Why don't I get it? Because it doesn't work. I fought against it, but we could never get it changed. Okay.

So for the next 15 years, 20 years, whatever it is, but it has to change. And people who are 59, need to understand, you've got to work until 72.

I don't want to work until I'm 72, but I'll work into I'll 72 or 75. Social Security was designed at a time when the average guy, who was the main worker, died at 62.

It was rare that you made it to 65. So maybe, if you want to go back to that, maybe you're working until you're 80 now.

But nobody will touch that, because no one is telling you the truth. No one will tell you how bad things are. But you know how bad things are.

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(music)

GLENN: Okay. So there's a new poll out, this is a story in TheBlaze today. Poll measured how many millennials are getting their bills paid by their parents. One-fourth of millennials get their parents to either pay their rent or help pay their rent.

Another one, is 19 percent -- 19 percent of all adults say their parents pay their rent in another poll. Another 19 percent of adults say their parents pay for their groceries. 16 percent say their parents pay for utilities. 39 percent of millennials struggle to find information and other resources to help with their finances.

Now, 69 percent of respondents in the northeast say they earn money by helping their neighbors, only 43 percent say the same in the southeast.

I'm wondering if that's because people just help their neighbors. 85 percent of respondents see themselves as financially responsible when it comes to things like credit scores and savings. But 50 percent of them struggle with unnecessary spending and unbudgeted expenses. Forty percent struggled to remember to pay the bills on time, to remember to pay the bills on time.

Not -- do you struggle to pay your bills on time? Do you struggle to remember to pay your -- when I -- I remember when I was, you know, the age of a millennial, that was the scariest time of the month. I remembered.

It was constantly there in the back of mine. Oh, my gosh. How am I going to make it? How am I going to make it? How am I going to make it? I didn't struggle to remember it. But there's also something else that is coming. So we have Social Security. It's collapsing. Nobody is going to do anything about that.

Because it's always framed as freak out, freak out. We're all going to die. We're killing grandma. Uh-huh. Uh-huh. It's not going to happen. Americans care. We have -- we have -- I believe stopped caring as much because the government has just I think destroyed so much of our responsibility, that we just think, well, somebody is going to take care of it. No, we're supposed to take care of our elderly. We're supposed to be taking care of the widow. We're supposed to be doing these things. So Social Security is collapsing. Then you find that millennials are not finding jobs.

Then the last piece: The perfect storm. More Americans cannot afford their car payments today, than during the peak of the financial crisis of '08. Now, what's happening with that?

Does Pfizer employee’s MELTDOWN hint at HUGE pharma secrets?

When Jordan Trishton Walker, an alleged director with Pfizer, realized he’d been caught in a honeytrap by Project Veritas, he went into FULL MELTDOWN mode. Glenn plays the Project Veritas video in this clip, arguing that 1) This man — no matter what his position with Pfizer may be — should immediately be fired and 2) Though we don’t know if the information he provided is correct, it’s likely Pfizer IS conducting gain of function research to further vaccine development. And that MUST be stopped.

Transcript

Below is a rush transcript that may contain errors

GLENN: All right. So let me take you back a few days ago.

Pfizer is caught honestly in a honey pot trap. Somebody from Project Veritas. You know, gets on the radar of this guy who is -- his name is Jordan Walker. He's not a nobody. This is -- this -- let me give you his title. He is the Pfizer director of research and development.

Okay. The director of research and development.

He is strategic operations. And mRNA scientific planning. So he's the top of the food chain on this.

And he's out on a date. And he's talking to this guy.

Now, the guy is not like, oh, really?

That is so cool.

You can hear him say, but is that a good idea?

All right. Listen to how flippantly he talks about this, and what he is saying. This is -- and this is only 40 seconds out of ten minutes, that need to be heard.

Okay. Listen.

VOICE: The story will not -- you know the virus keeps mutating?

VOICE: Yeah.

VOICE: Well, one of the things of your story, why don't we just mutate ourselves, so we can focus on developing new vaccines. Right?

So if we're going to do that though, there's a risk of like -- as you can imagine, no one wants to be having a Pharma company.

VOICE: Yeah.

VOICE: Do we want to do this?

That's one of the things we're considering in the future.

Like maybe -- groceries in the backseat. Things like that.

VOICE: Okay. So Pfizer is ultimately thinking about mutating COVID.

VOICE: Well, that not only saying to the public, no.

I mean, that's -- there's a thought that came up in a meeting, and we're like, why don't we not -- it's like, we're going to consider that. More discussions. And exactly, actually. We're like, wait a minute. People are like that.

GLENN: So he's not saying they are doing it. He said, they're considering it. It's one of the options.

Okay. I believe that, 100 percent. If we, again, are in a meeting, and all options are on the table. What do we do to fight this?

Somebody would say that. Why don't we get ahead of it. But he's like, yeah. Why don't we?

We still have to talk about it. No, no, no.

We don't mutate viruses to be able to come up with a vaccine that will fight that virus.

That's a really bad idea.

Stop it.

He goes on to talk about monkey testing. And how it's done with monkeys. And how all of this.

Now, this comes out. And Project Veritas. James O'Keefe confronts him like -- I don't know. In a Starbucks or someplace.

He's at a restaurant. James O'Keefe sits down. And starts to ask him questions.

What you're interest to see, is the director of research at one of the most powerful pharmaceutical companies, out there. Freaking out.

Really freaking out. Go ahead, roll it.
(music)

VOICE: Is this seat taken?

VOICE: You work for Pfizer. My question to you is why does Pfizer want to hide from the public, the fact that they're mutating the COVID and (inaudible) viruses.

VOICE: I'm literally a liar.

VOICE: I was trying to impress a person on a date, by lying. This is absurd.

VOICE: Please, don't touch me.

VOICE: Well, this is not --

VOICE: Don't tell anybody.

VOICE: Literally he's just working and trying to --

GLENN: Stop here.

Why are you doing this?

You're just talking to a man who is literally just trying to save lives.

Okay. No. You might be trying to save lives. Mengele was trying to save lives.

STU: I don't know Mengele was trying to save lives.

GLENN: I understand that. I'm using an extreme to make the point.

STU: Right.

GLENN: There are lines that you don't want to cross. Mengele crossed a thousand-plus. Okay?

Is Pfizer crossing a pretty big line, in saying, well, you know, maybe we should mutate it?

Now, if you're also a responsible human being and you knew how much trust you had lost, and you're a director of Pfizer, you're not out on a date, lying about mutating viruses.

That shows, you have absolutely no idea how your company is being perceived. Real or not. And you are just playing into everything that people are already starting to say about you.

You should be fired just for that.

STU: I think that's true. I mean, he should definitely be fired. Even if his answer is completely true.

I mean, certainly, this is going to surprise many women in the audience. But occasionally men do lie on dates, when they're trying to sleep with the person that they're sitting across from. So it's not entirely -- what this is valuable for is it gives us a thread to pull out. Right? What is really going on?

And this gives us a direction. Which, by the way, with a Republican House, that has investigatory -- investigatory power. Which is important, right?

So this is a way you can -- you can -- something you can look for, here. It's possible, he's lying.

Maybe he was. It's a weird way, to try to sweet talk a date.

Hey, we might start another pandemic. I don't know.

GLENN: And you heard the date was not like, oh, tell me more.

STU: One thing I will tell you more about this.

GLENN: So hot with the monkey talk.

STU: With Project Veritas. As far as I know, eventually release the entire thing.

And I think there's a possibility here, in another part of the video, he's sounding super skeptical or giving some indication, that would lead you to believe maybe his excuses a little bit more valid. Like, he's trying to show that side of him. Perhaps. But that does not --

GLENN: Please make note how this show always --

STU: I'm trying.

GLENN: Gives the benefit of the doubt.

STU: I want to understand.

GLENN: All times.

STU: And look, I think your main point there is true.

Would you -- if you were Pfizer, want this guy working for you, even if what he is saying, is true?

I was just lying on a date, to sleep with some dude?

GLENN: Again, not just some guy. All right?

This is the director of research. All right.

STU: Yeah. It's bad.

GLENN: So now he starts to go a little ballistic. You're going to see someone absolutely lose their mind. And you tell me, if this is reasonable behavior from an officer in Pfizer. Watch.

VOICE: (bleep) off. You really did --

GLENN: He said, I'm feeling very safe.

And he's asking you to lock the doors. He grabs the -- he's down on his hands and knees. And he's trying to destroy this i Pad.

Look at him.

VOICE: I lock the door.

STU: Whoa. Who pushed him at the end there?

GLENN: I don't know. It was obviously some --

STU: It was a big altercation.

GLENN: He was trying to grab stuff, trying to destroy things. I mean, I don't know this. But your i Pad usually does not have all of the information alone.

STU: It's called the cloud.

GLENN: It's called the cloud.

But that guy was out of control.

STU: That -- you know, there's probably legal questions about what he did, in that -- in that video there.

I mean, certainly, taking someone else's property and smashing it. Is a legal issue, above and beyond whether you'll get fired or not.

GLENN: So now, his statement is, I'm not even a scientist. Why would anyone take me seriously?

I don't know if you've checked your card, director of research.

STU: Now, there is some skepticism on that claim.

Now, Project Veritas tried to release some documents, that indicate it's true. Some people who are super skeptical on Pfizer and the vaccine are pointing out, there's a lot of inconsistencies in this guy's bio.

And the question is whether it was actually true, that he was that high of a level there.

I don't know the answer to that. I don't know it's been determined yet.

GLENN: That he should be cleaning out his desk yesterday.

STU: A degree in neurology, I believe. Which is, again, not necessarily the person you would think, would be the director of COVID vaccine research.

It doesn't completely add up. But these are just -- again, what's valuable about this, is just like, what thread are we pulling at?

What roads are we going down? If Pfizer is doing this.

The bigger problem maybe, is that this is not illegal. Remember, the ban on gain-of-function research. Was a ban by the Obama administration, that stopped public funding for gain-of-function research.

Didn't ban it. Didn't make it illegal. Trump lifted the ban on funding, and then put it back in after COVID happened.

But that funding ban is different than saying Pfizer just can't do it. They could just do this.

Now, we don't know that they're doing it. We don't know -- he kind of says, this might happen in the future.

But this is a bigger problem. We need to stop companies from even doing this.

GLENN: And if anyone thinks that's not happening.

You're -- you're living in a dream world.

STU: Well, it's legal.

We know it's happening. That's a huge problem.

GLENN: I know that. But they denied it with EcoHealth and everything else. And EcoHealth, we now know our government was paying for research that EcoHealth was doing in Wuhan, which was the gain-of-function research.

We know it now. We know it. There's proof positive of it. Everything we said, is true.

Now, we had the documents. But nobody paid attention to it, a year or year and a half ago, whenever we did that special on COVID.

We had the documents on EcoHealth. Our government is funding it. And we know it.

And we also know that more money has gone to EcoHealth, since COVID came out, from Fauci.

So it's going on. This has got to stop. It's got to stop.

We -- we are going to wipe humanity out.

I -- I swear to you, I feel like, you know the Seed Vault up in, what? Norway, Sweden, or up at the top of the world. I feel like we should just freeze some humans and put them in the seed vault. Because of all the things that we're doing, man. It's not good.

STU: Okay. Can I pick the humans?

GLENN: Can I be in? Just freeze me, please?