RADIO

The REAL PRICE of living in Kamala Harris’ America: Inflation, housing taxes, & crime

What’s the real price of living in America right now? Glenn takes a look at how inflation has skyrocketed in Pennsylvania, where the economy is the #1 issue for the 2024 election. Then, he reviews how progressive policies have destroyed California and forced businesses to flee. These same policies will go nationwide under a “President Harris,” Glenn says. And she has some of her own, including for taxes on unrealized gains, AKA your house. A vote for Harris, Glenn argues, is a vote for MORE inflation, MORE taxes, and also MORE crime. Glenn reviews how the Biden/Harris immigration policies have allowed a terrifying Venezuelan gang to take over an apartment complex in Aurora, Colorado, and they won’t stop there if Harris wins the White House …

Transcript

Below is a rush transcript that may contain errors

GLENN: Okay. So if you're in Pennsylvania, voting begins in, what a week and a half?

I can't believe that. But let's -- let's look at what the prices have done in Pennsylvania.

According to the website. Bob inflation, which -- which targets Bob Casey and vice president Harris, for the prices that we're experiencing. And they are both responsible for those things.

According to the website, a one-day ticket at the famous Hersheypark, now costs $60 a day. That is a 50 percent increase. From the admission in 2019. 50 percent increase. A six-inch shorty hoagie from Wawa, was $4 in 2019. It's now almost $7. A gallon of gas in Pennsylvania, is averaging 3.62. Which is up from 2.29 when Trump was in office. Other favorite items have gone up in the Biden/Harris economy. Plain cheesesteak from John's Roast Pork is up 23 percent. A Pittsburgher, and -- and cheese from Primanti's is up 37 percent.

Let me just say the word again. Primanti's. Oh. It is a reason to go to Pittsburgh. It really is. There's not a lot of reasons to go to Pittsburgh right now, but Primanti's is at the top of the list.

Anyway, everyday items such as eggs, bread, and milk have also skyrocketed in the last 5 years, according to the website.

Now, the economy, according to another survey is in Pennsylvania, the number one issue for Pennsylvania voters.

Okay. So this should be easy, right.

Because all of the progressive madness, has come from Kamala Harris. Literally, she was the deciding vote on many of these massive projects, like the Inflation Reduction Act.

Which was not designed to decrease inflation. It was designed as the green new deal.

Even Joe Biden has come out and said, I didn't want to name it that. Because that's not what it did.

Even he wanted -- oh, my gosh.

So they lied to you. Kamala Harris lied to you, about the Inflation Reduction Act.

They named that because they knew you would go, oh, well, we have to have that because inflation is out of control.

By the way, so you understand, this is happening all over the country, but where things are really, really bad, in a couple of categories, is California and Minnesota. In California, Shake Shack is closing six of its -- of its restaurants.

Why? Because progressivism made them increase the minimum wage, to $20.

They can't afford to stay open. Because nobody wants to pay $20, for a hamburger.

So where are they shutting them down?

Well, in the most progressive areas. In Oakland, and Los Angeles.

Another reason for shutting those down, I'm guessing, is because that's where most of the crime is.

Why?

Because that's where the homelessness is. Another affect of the progressive policies.

And that is also where the crime is!

Also, because of George Soros, and Kamala Harris.

And their crazy, reimagining of the police.

Footlocker is ditching New York City. For St. Petersburg, Florida. Why is that?

Well, it's too expensive in New York.

Why? Because of high taxes.

So what does Harris want to do?

Harris wants a tax on unrealized gains.

Now, this is -- this is just the beginning. She has a 5 trillion-dollar tax idea.

And part of that, a big part of that is unrealized gains. What is an unrealized gain?

Let's say, that your house goes up $100,000 in value, this a year.

Okay?

You have to pay, 25 percent of that, in tax. So that will mean on April 15th, because your house went up in value, that means, you'll to have cough up 25 grand. On April 15th. In addition to what you really pay. Okay?

Well, wait. What if my house goes down?

Does the government pay me?

No. No.

So wait a minute. If I pay 25 grand, because it's gone up 100 grand, if I have to pay you 25 percent of that. Well, wait.

Hold it just a second.

But that could go down, before I sell it.

I mean, I get that, before I sell it.

Why are you taking this from me? I don't have 25,000. That is what is you're facing. That is what you're facing.

How do you make a population have nothing?
You tax them to death.

This will absolutely collapse the economy. She is the Hugo Chavez, or the Maduro of the United States of America. By the way, another way to collapse things is keep the borders open.

Kamala Harris has said over and over again. That the border wall is nothing, but a vanity project for Donald Trump.

That it is completely worthless.

It will not make any difference.

It is the largest boondoggle, for American taxpayers.

Well, now she suddenly is for it.

Well, how can -- how can that be?

Well, she's for it. If we pass the massive amnesty bill. So she'll give a few things. As long as we give amnesty, to everybody that's here.

No!

No!

Did you know that Massachusetts now is hiding a billion dollars?

They've spent a billion dollars, on illegal aliens.

And they haven't talked to the -- to the residents of Massachusetts, who pay for that.

They haven't given them any details. No details.

Wait. What?

You just spent a billion dollars, on illegals?

What is that billion dollars? Who is that billion dollars going to?

In New York, do you know how much they're paying for illegals to be put up in hotels?

Entire hotels!

These hotels are getting rich. Anybody who owns one of those hotels, rich!

I -- I mean, I just -- how is America buying into this?

How is America not seeing?

I mean, if you want a town, that has police, with no teeth.

If you want gang violence. If you want crime, like you haven't seen.

If you want enclaves of Muslims, that are Islamists, they want Sharia law. They don't want to integrate.

They don't want to be Americans. They want Sharia law, to be the rule of the land. If you want that, move to Tim Walz state.

Minnesota.

You can get it. You can get it now, in new -- in new buildings. In some places in Minnesota.

These really nice bathrooms, where there's just a -- just a stainless steel hole in the floor.

Because Somalis, that's the way they usually do. They just -- they just squat, and take a dump. And leave it in a hole in the floor.
That's not our way of life.

Okay?

That's not who we are.

If I want that, I'll move to Somalia. Or I'll move to Iraq.

I don't want that.

Learn to sit on a toilet.

It's the way we do things in America, and in the West?

I'm sorry. You're not used to it. I'm sorry, that you're getting all of this money, and a free pass, to live here, in America, and you don't like it. I'm sorry. You want this?

You'll get much more of this. You'll get an unleashed amount of this.

If you vote for Harris. Do you -- do you remember the gang that beat up the police officers in New York?

And, you know, went to -- were hauled in, eventually, but then just released.

Yeah. Well, that's a reimagining of the police. And no bail.

Or, I mean, yeah. No -- no bail. You don't have to make bail to get out. It's just a catch and release program, which is Kamala Harris' idea. She loves that.

So you remember that, gang?

That was a Venezuelan gang.

And Venezuela has sent up a gang, that is kind of a public/private partnership with Venezuela.

They use it to enforce things in Venezuela.

And cause disruption in communities, that won't play along.

Well, this gang, has been sent to America.

That gang was the one that beat up the people in New York. The cops in New York.

That gang, one of its members is responsible for the death of Lincoln rile peep

That organic now is in aurora, Colorado.

Where in Aurora, Colorado, there's this Venezuelan gang, that is just taking over the town.

They went into an apartment complex. Knocked on the doors.

And said, time to pay your rent. And now you're paying rent to this Venezuelan gang. Not to the landlord.

And they just have taken the town over.


Hmm. Now, this gang is engaged in human smuggling.

Violence. Money laundering. Elicit drug trafficking, all throughout the US. And they now have an apartment complex on Gnome Street in Aurora. Okay.

Is the city going to do anything about that? I'm not sure. I'm not sure.

So in 2022, there were 41 reported crimes in aurora. In 2023, there were 84 crimes.

There were 66 crimes, the first half of this year. If you want crime on the streets, you know who to vote for.

If you like all of this craziness on, I can't tell what a woman is.

We're going to have non-gendered bathrooms. So anybody can go into anybody's bathroom.

Yeah. Of course, that boy who says he's a girl can shower with your daughter in school. If you like all of that, keep voting for progressive people.

Vermont Health Department has just come out and has discouraged now, anyone who to say, son or daughter. Now, that's just in the classrooms.

You can't sues use the word son or daughter. Now, why would that be? Why would that be?

Because they're grooming your children, to believe that parents are not in charge of their children.

Every -- but children belong to everyone. Really? Even the pedophile teachers? Well, of course. But those don't exist.

Hmm. Okay. All right.

After all, they care much more than you do.

Uh-huh.

So now, in Vermont, home of socialism and communism and Bernie Sanders.

The health department is now telling the teachers unions, that you really shouldn't say son or daughter in school anymore.

Use child or kid, instead.

Oh.

Okay. All right.

If this is what you want, you're going to get plenty more of it.

In fact, you will snuff out capitalism, and the Western way of life.

And you will do it with this one vote.

Or we can turn the corner and turn around, and stop going down this dangerous road. We'll be the only ones doing it, in all of the western world, and we will once again lead the world to freedom!

Are we going to be those people, like our grandparents.

Or are we going to be so fat, lazy, and stupid, that we will let the first time man ever tasted freedom, was through this system of government.

Are we going to be so stupid, to let it slip through our fingers? And lose freedom, the world over?

That's what this election is all about?

They're trying to make it about Trump. They're trying to -- because they can't have Trump in office.

Trump really is the only one standing in their way.

They cannot have him in office. They'll put him in jail.

I believe they tried to kill him already. They'll kill him!

They will cause riots on the street. Which one is worse?

The devil that you know, Donald Trump. Which, by the way, gave us peace. And gave us a roaring economy.

It was the left and the Faucis of the world, that gave us COVID. It's the Democrats and the pharmaceutical companies, that gave us the Draconian lockdowns. It was the teacher's unions that destroyed your kid's education. You want that, you can get it.

I think the devil that gave us the good economy. And freedom.

And no wars. I think -- I'm going to go that way, myself.

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.

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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

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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