RADIO

REALLY, JOE? Biden says OTHER nations to blame for inflation

While munching on an ice cream cone over the weekend, President Biden was asked if he’s concerned about the strength of the U.S. dollar as inflation continues to rise. No he’s not, Joe told a reporter. Rather, he’s concerned about the rest of the world. Internally, he added, the U.S. economy is ‘strong as hell.’ In this clip, Glenn explains why that’s NOT the case. In fact, Glenn says, Biden’s policies are to blame for why nations around the world are facing terrible economic situations too…

Transcript

Below is a rush transcript that may contain errors

GLENN: So I don't know if you saw this, but it was great, president going out and getting a little ice cream. Getting a little cone. Who aunt a cone? The president does. What flavor did he have? I'm interested in that. They cover it every time he eats ice cream. What flavor did he have?

GLENN: I didn't see it. Oh.

GLENN: I didn't see it. A reporter, believe it or not, in Portland, Oregon, while he was at a BaskinRobbins asked This guy eats more ice cream than any other human and that's the only thing I like about him. He likes ice cream. That the only thing I have in common with Joe Biden.

GLENN: Yeah. So anyway,y was asked, are you concerned at all of the strength of the dollar in the midst of rising inflation? Here he is, his answer: Our economy is strong as hell. Inflation is worldwide. It's worse for everyone else than it is in the United States. The problem is the lack of economic growth and sound policy in other countries, not so much ours. That's world wide inflation.

GLENN: So he's not concerned about any of this. He's concerned about the rest of the world. Our economy is strong as hell. Let them eat cake, or ice cream. 32 flavors, what's wrong people? Come on and in get some ice cream. Okay, all right. Then he says inflation is worldwide, and that's impacting everyone. Yes, it is worldwide. The question is, why? Probably because, why? Why? Everybody is in massive debt. When I say everybody, I'm not talking about you, even you might be in massive debt, I'm talking about the sovereigns are in massive debt. Massive debt. Like, the kind of debt no way out, no way out. That kind of dent. Yeah, everyone else is doing terribly because they all imitated the Biden policies and Biden approach to the past couple of years.

GLENN: Light. And not only the Biden policies, but they mirrored the Obama policies of let's bail everybody out. How did we win in previous examples of this? We went the other way.

GLENN: Yes. When everyone was trying socialism and communism we said no capitalism.

GLENN: Yes. We've won over and over again because we did the opposite of what all these terrible governments wanted ado across the globe. This time we did the same thing.

GLENN: Yeah. How's it working out?

GLENN: It's working out really well or not. He's eating ice cream, he does haven't team to talk about the dollar and the relation to the dollar with inflation because that would just get messy. He's got a napkin for ice cream, not for question like that. So here's the Biden economist talking about what their plan is to make share that we're as strong as hell. Cut to I'm just just curious, and a lot of Americans are curious, when the so called inflation reduction act will really start to bring down inflation.

GLENN: Curious. So the main parts of the bill will start to take effect next year. For example, there are tax credits for energy to help people weatherize their homes, and also bring down other forms of energy costs. So we are focused on helping to make that transition to clean energy in a way that brings down energy costs for families.

GLENN: Thank goodness. So next year, if you want to spend main weatherizing your house, you'll get a tax break. Now, if you don't have money to spend the money, well then you can't earn the money. But we all know it takes money to make money; right? So, come on, people. Work with me here. You got some weather stripping coming. But also let's not forget the coffee makers. Cut 9. Same way what's in the Inflation Reduction Act has to do with your ability to be able to get tack lead ts for buying, if you need a new coffee machine, new washer refrigerator, you buy an efficient refrigerator, an efficient coffee machine, you get a tax credit for it, it costs you less money. It's estimated the average family will save 500dollars a year as well on that. There are also tax credits for weatherizing your home, putting new windows

GLENN: Oh and buy new windows. Stop, stop, I can't even imagine the savings we're going to have. If we bought a new washer and dryer, a coffee machine, and a refrigerator, and they were the right kinds, the average family could save 531. Oh, my gosh. Why are we all not out right now buying refrigerators, washers, and dryers, and then listen to this. If you buy new front door that doesn't let the cold air in, you're going to save even more. And if you weatherize, all you have to do, you go to Home Depot, they've got refrigerators, they've got washer and driers. These guys were open during Covid too. That's another story. They have coffee machines they also have refrigerators and I'm sure the kind that you can get a tax brake for. You could also buy the weather stripping, and a new front door. Think how rich you're Ice cream for everybody. It really is. It's ice cream cones for everybody. We certainly are on the precipes of caulking ourselves into prosperity.

GLENN: I tell you. People don't understand it's right around the corner. When you're spending money on a washing machine or on a dryer, on weatherizing your home, people do realize that you're spending money; right? If you have too little money now and you go outside to buy all these things in this weird world we're going to save, you saved 500dollars on it. Instead of spending 5,000, you're spending $4,500. So that's not likes that's not the way you save money.

GLENN: This is when I was young I would talk to my wife. I would say it's on sale. She would say it's still money we don't have. And I would say but we're saving money. And that's why I don't have a Ferrari. So you never safe money. I don't care how much the Ferrari is on for sale, you still have to buy the Ferrari. Oh, my goodness. Okay, now you do have some good news. We're not talking just weather stripping., okay? I am so glad to hear this. President Joe Biden has signed congress consolidated appropriations Act 2022, he signed it into law, and that is provided funding for a fiveyear research plan to be coordinated by the White House office of science and technology Policy. I believe this is the same guy that was just sanctioned, or the same woman than was just sanction by the national Academy of Science for lying, but don't worry about it. They are going to look into ways we can dim the sun for global warming. They've got a few ideas that I think, I think it's worth the millions and millions of dollars because I don't think, some people would say you want to what? That could turn out horrible. Excuse me, you want to what? But I would say we are capable of knowing all of the ramifications of this. In other words, what we with can do; we can put stratospheric aerosol injection in about 12 to 16 miles above the earth and they say that will accomplish what volcanic eruptions have otherwise achieved in blacking the sunlight. And that will temporarily cool the earth. Don't worry about vegetation, don't worry about anything else; okay? This is, we're pretty, in five years from now we're going to be pretty sure. Now, they don't absorb sunlight. So it's leak a giant mirror, it just bounces. You're rubber. I am glue. Okay? Whatever you say bounces off of me and sticks something like that. Anyway, the yearly cost of the program to cool the earth by one degree would be 10 billiondollars. And that's been corroborated by the Gates Foundation. So, we have that.

STU: Has it been corroborated by the Montgomery Burnes foundation?

GLENN: I think so. They say there might be a few problems with this. It might do some really bad damage that unforeseen to global or region, regional climate and that could affect the sea water temperature or the participation, or the precipitation mat patterns, or it could make the ocean get very, very acidic. But it would, they say it would come down for 10 billiondollars. So we've got that. The. The other things we're thinking about doing is just cloud seeding, adding particles to the lower at Mississippi fear to increase the reflectivity of the lowhanging clouds over bodies of water and that brings some of that temperature right out. Or there's another idea just kind of to get rid of the clouds because then the heat won't be trapped.

STU: This is the opposite of their old plan of doing this, which was to spread soot all over the north, the northern, the north pole.

GLENN: That was when or worried about global cooling.

STU: Cooling.

GLENN: This is global warming, Stu. This is entirely different.

STU: Thankfully they didn't go through that very plan. And this is the geo engineering movement talking about these ideas. I think it is important to point out that the geo all the things you just discussed are, they're not good ideas to me. I don't think we should do them. I want to be clear about that.

GLENN: Are you a scientist?

STU: No.

GLENN: I say we follow the scientists. I don't think we need to Listen to someone like you.

STU: That's fair.

GLENN: Or the American people they're not scientists.

STU: Some of them are.

GLENN: Yeah.

STU: This to me is quite clear.

GLENN: Yeah.

STU: All of the ideas you just discussed are far more sane than what they're actually proposing.

GLENN: You know what? I completely agree with you. And that should tell you something.

STU: It should. Asking all of us to reverse civilization and technological progress and make everybody, all the poor people in the world, their energy more expensive, is a far worse idea than doing some research on potential geo engineering projects that might happen multiple

GLENN: I'm tired of hearing you just, just whine over and over again. Are you better off than you were two years ago?

STU: No. Definitely.

GLENN: Lots of people are. Vladimir Putin, the Taliban, George Soros, much better off. I don't want to hear about you. Have an ice cream cone.

STU: The Biden family.

GLENN: The Biden family.

STU: Hunter.

GLENN: Is so much better.

STU: He's an artist now.

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