RADIOJanuary 12, 2023

The East is DUMPING the U.S. dollar & YOUR money will SUFFER

2023 will be a pivotal year, Glenn says, and so far the coming changes don’t look good for your money or personal finances. In this clip, Glenn highlights some of the changes we should expect this year — from a ban on gas, to new banking regulations, even more price increases on food, and bugs on your dinner plate. But, even more importantly, the status of the U.S. dollar may fundamentally change as well. Glenn explains how certain countries in the East — like China, Russia, and Saudi Arabia — are dumping the petrodollar. He explains what this means for the U.S. dollar, for inflation, and ultimately, for YOUR bank account.

Transcript

Below is a rush transcript that may contain errors

GLENN: Well, let me give you a couple of things here that I think you really need to know and understand. Because 2023 is going to be a pivotal year. I have talked to people that I trust in Washington. And that's about four.

Four people. And they are very concerned, that the US dollar is going to have some problems this year. Which might lead to the central bank, digital currency.

The Federal Reserve, is doing everything they can. To make sure that everything is safe. You know, after the big banking crash. They had -- you know, one of these stress tests. And they're like, we're going to do a stress test. Because we have to make sure that everybody -- you know, you got all those loans. And you can cover anything that's risky. So we want to find out what's risky.

Okay. Sounds good so far, right?

It's good to know. Can the bank survive a downturn? How risky are their investments?

And so they were doing that, and it was great. Wonderful!

Then there was this added little benefit, that the fed is -- is doing now.

They've decided that if you are a bank, and you have let's say, green energy, like solar panel companies. You not only are more stable as a bank, you can use that investment in solar panel companies. To actually use it as an asset, a very stable asset, to be able to loan more money out to someone else.

So the more green energy things you have, which we have seen. Oh, my gosh.

How many solar panel companies did you invest in, America? That has just turned into a gold mine.

It is now weakening the stress test. It is doing the exact opposite problem.

It is -- it's -- it's insanity. It's like, you know what, you're safe to drive down the freeway without your seat belt. You know, as long as you're texting at the same time. That that ought to be totally safe.

That's what the fed is doing. Meanwhile, our prices of everything still are skyrocketing. Energy is down. Which the fed is going, that's great.

See, that's going to reduce everything. Meanwhile, if you are trying to buy eggs. In California, this is going to blow your mind.

California, a dozen eggs is now $7.37 compared to $2.35 a year ago.

The problem is: People are switching to eggs, because they're cheaper than meat. Which, by the way, we're trying to get rid of the meat.

I mean, you know, that, right?

We -- we are sitting here, with bugs now being discussed. I got a great story on that, in the show prep today. You want to sign up for it, at GlennBeck.com. It's free. You get all of the stories that I see, every morning. And -- and you can read them all. These are the stories that I have selected, and said, this is important.

Not all of them make it on the show. But one of them. Another one is about bugs. This restaurant in New York, that is like, we have Ethiopian ants in our creme fraiche. Huh?

And that's a certain je ne sais quoi. By the way, the ants are alive, while they put them on your whatever.

No, thank you.

And in this particular article from New York, it actually states, we're doing it, because of the carbon expense of traditional food.

So we're now looking to eat bugs.

Yesterday, I also told you, that the Richard Trumka from the consumer protection agency, has declared, because he got a study from a global warming group, that natural gas is very bad for your children. If it's in your house.

So we shouldn't really have natural gas stoves. And we shouldn't have natural gas, you know, heaters. Or anything natural gas.

Oh. Wow!

California sure is in trouble, huh?

Because they wanted to be really super green. And so all of their state cars and all of their buses and everything else, natural gas.

No. It's dangerous now. And in something that is so striking, this study just came out. Richard Trumka just said, we've got to consider getting rid of all natural gas in homes. And governor Hochul, yesterday, just decided, she's got some legislation to make sure that there are no natural gas outlets in any new construction in New York.

Gang, we are in trouble!

You better get to a state that is not doing -- and, quite honestly, I'm not sure it's not Texas.

But you better get to a state where like-minded people are all around.

Because they are going to cut us off from everything.

But that's if we -- that's if the fed doesn't help us some more.

I want to talk to you about what's -- what is happening in Asia, Russia. Prices of oil.

It's collapsing. So it's going down now, which is making things better for Europe. Yay! They can buy more Russian oil. Yay!

Meanwhile, we're not doing anything about it. But Saudi Arabia, China, Russia, they're starting to move their entire economy. Russia is now backing their ruble with oil. So it's like a -- oh, it's like a petrodollar. Oh, that will never work.

Oh, wait a minute. That's what we did. Until Saudi Arabia said, yeah. We're going to accept anything. Really? Chinese can pay us in the yuan, we're fine with that. We'll take a ruble. Whatever.

What does it mean? Why have we not discussed? What does it mean with the death of the petrodollar?

It means, that half the world, the part of the world that's not with us. Is no longer required to hold a dollar. A US dollar.

What happens when half the world's countries say, oh.

We don't need the dollar. They begin to sell them. They already are. And if they're sold, what happens?

They go out in the system, instead of in the bank. Which does what? Too many dollars in the system chasing too few goods, inflation goes up.

So what do you do? You raise interest rates. Well, the problem now is, as we are seeing the death of the petrodollar.

You're also seeing the fed, in a very unusual place.

Raising even another -- another half point is spooking everybody who pays attention to this stuff.

The fed, has to raise interest rates to get interest -- or, I mean, to get inflation, under control.

But when they do that, this is how they control inflation. They take more money from you. They slow your spending down. And so that causes you not to go chase those goods with the dollar. Okay?

And then they're supposed to take those dollars in interest, that they get, take them back into the fed, and destroy them, so there's not too many dollars.

So the first step on this road, is to hurt you and your bank account and your ability to buy things.

The problem is: We are now looking at recession and inflation. Forget about stag -- stagflation. Forget about that. Forget about it.

We're looking at something different. We're looking at the dumping of the US dollar, by the east. Flooding the market.

Then you have higher interest rates, hurting your bank account. To suck those dollars and your dollars back into the fed.

This will cause a -- if they raise the interest rates. This will cause a stock market crash.

But it causes the stock market crash, because your dollars and the banks need dollars to grow the companies. So if there's a collapse of the stock market, people start selling things. People start losing their houses. And when that collapses, what happens?

The banks collapse.

Because they've got them all -- but the good news is, this time, they have all those solar panel companies. So they have all the windmill, and solar panel companies, that good as gold.

If they have to start selling those things. Who are they selling them to?

Also this is a really nice handy thing. When the banks start to go under, they immediately have to start -- have to start liquidating things. And calling in loans. They have to also stop giving loans. So if you're in a tight spot, and you need a loan, the bank will no longer give you a loan. And if you go under, you probably have a loan with some other bank. And so it just is a -- it's a pile of dominoes.

One thing triggers another. And this time, we're not looking at a ten-year reset. Because we didn't do it right the last time.

We are looking now, and they are officially, saying this, that we are now looking at a possibility of something like the Great Depression or beyond.

And I say beyond, because we are looking at the collapse of the dollar. If the stock market falls. If the banking community begins to have the same problems it had in '08, the problem is way too big. Because we no longer have a reserve currency for half the world.

They can sell those dollars. Our enemy, China, they can just dump all those dollars. It would being worth it to them. Because it would destroy us.

Just dump them. And then how much is it worth? See, here's -- here's the reason you should consider gold and silver.

And this is not a commercial. Gold and silver are constitutionally dollars. They are -- that's money. That's currency.

The dollar that we have, is a note. It says, A, it's worth this amount.

But that changes all the time. Because of inflation.

It's not backed by anything.

The problem is: There's too much money. There's not enough gold to reset the global markets to a gold standard. There's not enough gold, even in the minds. There's not enough gold, to pay for what we have all done, all around the world.

And the entire world is in on it.

So when the Federal Reserve says, you know what, we're going to print money, because we can't let the stock market fail, all of the central banks in the west will do the same thing.

And then it's just a matter of time of, when do we get to the bottom?

Please, please, consider what is coming our way.

I believe this is the beginnings of it. We will see this year.

And when it happens. It will probably happen rapidly. And people in the media will tell you, the exact opposite.

No, no, no. They've got it planned. Whatever you do, don't do whatever the right thing is to do.

Shocking train video: Passengers wait while woman bleeds out

Surveillance footage of the murder of Ukrainian refugee Iryna Zarutska in Charlotte, NC, reveals that the other passengers on the train took a long time to help her. Glenn, Stu, and Jason debate whether they were right or wrong to do so.

Transcript

Below is a rush transcript that may contain errors

GLENN: You know, I'm -- I'm torn on how I feel about the people on the train.

Because my first instinct is, they did nothing! They did nothing! Then my -- well, sit down and, you know -- you know, you're going to be judged. So be careful on judging others.

What would I have done? What would I want my wife to do in that situation?

STU: Yeah. Are those two different questions, by the way.

GLENN: Yeah, they are.

STU: I think they go far apart from each other. What would I want myself to do. I mean, it's tough to put yourself in a situation. It's very easy to watch a video on the internet and talk about your heroism. Everybody can do that very easily on Twitter. And everybody is.

You know, when you're in a vehicle that doesn't have an exit with a guy who just murdered somebody in front of you, and has a dripping blood off of a knife that's standing 10 feet away from you, 15 feet away from you.

There's probably a different standard there, that we should all kind of consider. And maybe give a little grace to what I saw at least was a woman, sitting across the -- the -- the aisle.

I think there is a difference there. But when you talk about that question. Those two questions are definitive.

You know, I know what I would want myself to do. I would hope I would act in a way that didn't completely embarrass myself afterward.

But I also think, when I'm thinking of my wife. My advice to my wife would not be to jump into the middle of that situation at all costs. She might do that anyway. She actually is a heck of a lot stronger than I am.

But she might do it anyway.

GLENN: How pathetic, but how true.

STU: Yes. But that would not be my advice to her.

GLENN: Uh-huh.

STU: Now, maybe once the guy has certainly -- is out of the area. And you don't think the moment you step into that situation. He will turn around and kill you too. Then, of course, obviously. Anything you can do to step in.

Not that there was much anyone on the train could do.

I mean, I don't think there was an outcome change, no matter what anyone on that train did.

Unfortunately.

But would I want her to step in?

Of course. If she felt she was safe, yes.

Think about, you said, your wife. Think about your daughter. Your daughter is on that train, just watching someone else getting murdered like that. Would you advise your daughter to jump into a situation like that?

That girl sitting across the aisle was somebody's daughter. I don't know, man.

JASON: I would. You know, as a dad, would I advise.

Hmm. No.

As a human being, would I hope that my daughter or my wife or that I would get up and at least comfort that woman while she's dying on the floor of a train?

Yeah.

I would hope that my daughter, my son, that I would -- and, you know, I have more confidence in my son or daughter or my wife doing something courageous more than I would.

But, you know, I think I have a more realistic picture of myself than anybody else.

And I'm not sure that -- I'm not sure what I would do in that situation. I know what I would hope I would do. But I also know what I fear I would do. But I would have hoped that I would have gotten up and at least tried to help her. You know, help her up off the floor. At least be there with her, as she's seeing her life, you know, spill out in under a minute.

And that's it other thing we have to keep in mind. This all happened so rapidly.

A minute is -- will seem like a very long period of time in that situation. But it's a very short period of time in real life.

STU: Yeah. You watch the video, Glenn. You know, I don't need the video to -- to change my -- my position on this.

But at his seem like there was a -- someone who did get there, eventually, to help, right? I saw someone seemingly trying to put pressure on her neck.

GLENN: Yeah. And tried to give her CPR.

STU: You know, no hope at that point. How long of a time period would you say that was?

Do you know off the top of your head?

GLENN: I don't know. I don't know. I know that we watched the video that I saw. I haven't seen past 30 seconds after she --

STU: Yeah.

GLENN: -- is down. And, you know, for 30 seconds nothing is happening. You know, that is -- that is not a very long period of time.

STU: Right.

GLENN: In reality.

STU: And especially, I saw the pace he was walking. He certainly can't be -- you know, he may have left the actual train car by 30 seconds to a minute. But he wasn't that far away. Like he was still in visual.

He could still turn around and look and see what's going on at that point. So certainly still a threat is my point. He has not, like, left the area. This is not that type of situation.

You know, I -- look, as you point out, I think if I could be super duper sexist for a moment here, sort of my dividing line might just be men and women.

You know, I don't know if it's that a -- you're not supposed to say that, I suppose these days. But, like, there is a difference there. If I'm a man, you know, I would be -- I would want my son to jump in on that, I suppose. I don't know if he could do anything about it. But you would expect at least a grown man to be able to go in there and do something about it. A woman, you know, I don't know.

Maybe I'm -- I hope --

GLENN: Here's the thing I -- here's the thing that I -- that causes me to say, no. You should have jumped in.

And that is, you know, you've already killed one person on the train. So you've proven that you're a killer. And anybody who would have screamed and got up and was with her, she's dying. She's dying. Get him. Get him.

Then the whole train is responsible for stopping that guy. You know. And if you don't stop him, after he's killed one person, if you're not all as members of that train, if you're not stopping him, you know, the person at the side of that girl would be the least likely to be killed. It would be the ones that are standing you up and trying to stop him from getting back to your daughter or your wife or you.

JASON: There was a -- speaking of men and women and their roles in this. There was a video circling social media yesterday. In Sweden. There was a group of officials up on a stage. And one of the main. I think it was health official woman collapses on stage. Completely passes out.

All the men kind of look away. Or I don't know if they're looking away. Or pretending that they didn't know what was going on. There was another woman standing directly behind the woman passed out.

Immediately springs into action. Jumps on top. Grabs her pant leg. Grabs her shoulder. Spins her over and starts providing care.

What did she have that the other guys did not? Or women?

She was a sheepdog. There is a -- this is my issue. And I completely agree with Stu. I completely agree with you. There's some people that do not respond this way. My issue is the proportion of sheepdogs versus people that don't really know how to act. That is diminishing in western society. And American society.

We see it all the time in these critical actions. I mean, circumstances.

There are men and women, and it's actually a meme. That fantasize about hoards of people coming to attack their home and family. And they sit there and say, I've got it. You guys go. I'm staying behind, while I smoke my cigarette and wait for the hoards to come, because I will sacrifice myself. There are men and women that fantasize of block my highway. Go ahead. Block my highway. I'm going to do something about it. They fantasize about someone holding up -- not a liquor store. A convenience store or something. Because they will step in and do something. My issue now is that proportion of sheepdogs in society is disappearing. Just on statistical fact, there should be one within that train car, and there were none.

STU: Yeah. I mean --

JASON: They did not respond.

STU: We see what happens when they do, with Daniel Penny. Our society tries to vilify them and crush their existence. Now, there weren't that many people on that train. Right?

At least on that car. At least it's limited. I only saw three or four people there, there may have been more. I agree with you, though. Like, you see what happens when we actually do have a really recent example of someone doing exactly what Jason wants and what I would want a guy to do. Especially a marine to step up and stop this from happening. And the man was dragged by our legal system to a position where he nearly had to spend the rest of his life in prison.

I mean, I -- it's insanity. Thankfully, they came to their senses on that one.

GLENN: Well, the difference between that one and this one though is that the guy was threatening. This one, he killed somebody.

STU: Yeah. Right. Well, but -- I think -- but it's the opposite way. The debate with Penny, was should he have recognize that had this person might have just been crazy and not done anything?

Maybe. He hadn't actually acted yet. He was just saying things.

GLENN: Yeah. Well --

STU: He didn't wind up stabbing someone. This is a situation where these people have already seen what this man will do to you, even when you don't do anything to try to stop him. So if this woman, who is, again, looks to be an average American woman.

Across the aisle. Steps in and tries to do something. This guy could easily turn around and just make another pile of dead bodies next to the one that already exists.

And, you know, whether that is an optimal solution for our society, I don't know that that's helpful.

In that situation.

THE GLENN BECK PODCAST

Max Lucado on Overcoming Grief in Dark Times | The Glenn Beck Podcast | Ep 266

Disclaimer: This episode was filmed prior to the assassination of Charlie Kirk. But Glenn believes Max's message is needed now more than ever.
The political world is divided, constantly at war with itself. In many ways, our own lives are not much different. Why do we constantly focus on the negative? Why are we in pain? Where is God amid our anxiety and fear? Why can’t we ever seem to change? Pastor Max Lucado has found the solution: Stop thinking like that! It may seem easier said than done, but Max joins Glenn Beck to unpack the three tools he describes in his new book, “Tame Your Thoughts,” that make it easy for us to reset the way we think back to God’s factory settings. In this much-needed conversation, Max and Glenn tackle everything from feeling doubt as a parent to facing unfair hardships to ... UFOs?! Plus, Max shares what he recently got tattooed on his arm.

THE GLENN BECK PODCAST

Are Demonic Forces to Blame for Charlie Kirk, Minnesota & Charlotte Killings?

This week has seen some of the most heinous actions in recent memory. Glenn has been discussing the growth of evil in our society, and with the assassination of civil rights leader Charlie Kirk, the recent transgender shooter who took the lives of two children at a Catholic school, and the murder of Ukrainian refugee Iryna Zarutska, how can we make sense of all this evil? On today's Friday Exclusive, Glenn speaks with BlazeTV host of "Strange Encounters" Rick Burgess to discuss the demon-possessed transgender shooter and the horrific assassination of Charlie Kirk. Rick breaks down the reality of demon possession and how individuals wind up possessed. Rick and Glenn also discuss the dangers of the grotesque things we see online and in movies, TV shows, and video games on a daily basis. Rick warns that when we allow our minds to be altered by substances like drugs or alcohol, it opens a door for the enemy to take control. A supernatural war is waging in our society, and it’s a Christian’s job to fight this war. Glenn and Rick remind Christians of what their first citizenship is.