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RADIOJune 16, 2022

The RISKIEST stage of economic grief may be coming NEXT

Many Americans are experiencing the 5 stages of grief — but grief in regards to the economy. Carol Roth, a ‘recovering’ investment banker and author of ‘The War On Small Business,’ tells Glenn she’s currently experiencing stage two: ANGER. Why? Because this kind of economic downtown America is experiencing today could have been AVOIDED if our leaders in power had a better grasp on reality, she explains. But, Glenn warns, the next stage may be the most dangerous one: Bargaining with the elite who hold the keys to our economic kingdom just so we don’t lose it ALL…

Transcript

Below is a rush transcript that may contain errors

GLENN: So this evening, I am going to be your congenial guest speaker, at the -- the cash county Flag Day ceremony. And I don't have a lot to say about the flag. But I've got a lot to say. So I'll be there. I don't even know if tickets cost anything. But I'll be there. And you can just throw money at the stage. You can just -- anyway, hope to see you there, if you're in the area. Carol Roth is joining us. She's the author of the war on small business. A recovering investment banker. And a friend. She is really great. I've been looking for Carol for probably 20 years, trying to find somebody, that can actually understand the bullcrap in New York on the -- on Wall Street. But also, can relate to the average person that has very little money. Hello, Carol. How are you?

CAROL: I'm doing well, Glenn. And I know you're wondering what my preferred title is. And these days I am identifying as Baroness Roth. So baroness.

GLENN: Baroness. Baroness Roth. Is -- is -- good. Good. So there's a couple of things going on. First of all -- (talking over) -- yeah. I think so.

There's something that I think is quite amazing. The stock market was down another 600 points yesterday. We're now officially in a bear market. Which, hey, I love bears. You know, who likes bulls? Nobody. Bulls are mean. And we have a bear on the flag in one of our states. But we're in a bear market. Wholesale prices rose 10.8. That may be a record high. And the fed is going to boost interest rates. Another great thing. Gas is up to all-time highs. And getting higher. I mean, it's really pretty good, right? It's good. It's good.

CAROL: Yeah. It's amazing. Yeah, I'm from Chicago. So we have the bears and the bulls, and I firmly bounce between them. But I am a Chicago bear right now. And I have to say, I'm super angry about all of this. You know, there were sort of these five stages of grief. Now there are the five stages of economic grief. The first one doesn't start with denial. It starts with I told you so. Because we could all see this coming. But the second one is still anger. And I'm so angry, because it's entirely avoidable. We gave over everything that we have. Our government. The decisions about our economy. To the people who believe in unicorns and rainbows. And everything that we know to be true, principles of economics. You know, they said, oh, no, no, no. We have this magical way of doing things. That's different. So we'll print money. But it's different. Because we're magic. We're going to give up our energy independence. And we're going to switch to this magic green stuff! And none of this is reality, and we are all paying the price figuratively and literally, after people would start to get their economic opportunities back on track. And it's super frustrating.

GLENN: I am -- I have to tell you -- I haven't been in denial for a long time. But I think you're looking at the five stages of grief. Denial is the first one. I think some people are in denial. But they're starting to come out. They're going to get angry. Then the next step is bargaining. Look, I just don't want to lose everything. And that's coming. It's coming. It is -- and it is -- it's one thing when people is hit by a bus. It's another, when somebody -- you know, your loved one, that you're grieving over, was -- was out in the open. Telling everyone, hey. I'm going to kill them. Nobody does anything. You're screaming bloody murder. And then they shoot them right in the head, in front of you. And that's what's happened in our economy.

CAROL: It is true. Think of somebody like Janet Yellen. Who is the second of the Treasury. One of the highest ranking officials in the United States. Has incredible control over what happens, vis-à-vis, money and finance in the United States. He was the former head of the Federal Reserve, making multi-trillion-dollar decisions about the economy. In between that time, she made $7.2 million, giving economic speeches. And then comes out and says, oh, I didn't realize that inflation was going to happen. Oh, I didn't realize that turning off the economy, and trying to turn it back on like you're power cycling was going to have effect on, you know, supply chains and labor markets and things like that.

Why are we giving people like this, the keys to the kingdom? Why is she getting paid millions of dollars, for something economically, that anybody off the street could have told you that? I literally want to pull my very large hair out right now.

GLENN: I will tell you, Carol, that I think what's scary. The scary thing, once people get past the anger. And they're into the bargaining. They're going to be bargaining with people like her. I just want to keep -- it's an absolute nightmare. I want to get to guess hear, for just a second. Before I get -- I do have to say. If you think Carol is a little angry, listen to her tweet. We are 100 percent in the position we are now. Because too many people believed you could suck the rainbow farts out of a unicorn's ass, instead of reality.

So, I mean, at least you're frank. So tell me now, we are looked at gas prices, that are out of control. They are completely denying that this has anything to do with ESG. And apparently, a story I read today, the administration was shocked, that we couldn't just turn shale on overnight.

CAROL: Shocked. Shocked that that there's gambling going on in this administration. Casablanca quote. This, again, super, super angry. So let's be realistic about this. We had record inflation, including rising gas prices in January. The 40-year high in January. That was before Putin and the Ukraine was coming on to the map. The other thing about Putin is, yes, that has exacerbated the situation. But if we had not passed ESG, if we had not had a push from the green lobby to move capital away from investment and fossil fuels, we were on a trajectory where we could have helped filled this gap for the world. We would have had economic security here. We would have national security here. We could have helped our friends out in Europe, instead of made them beholden to Russia. And the entire farce of this, is now we have this president who is going around -- and they're begging countries like Venezuela, both in the Middle East, who do not get fossil fuels out of the ground and process them in the same clean way that we have the ability to. So they have shifted the dirty fossil fuels to the other side of the globe. Which I'm pretty sure shares the same atmosphere as us. And saying, oh, look us, we're so green. Bring creating all these problems. They can pursue these green initiatives at the same time that they are pursuing, you know, our economic independence. We know more energy of all types. But instead, they said, no, no, no. We're just going to stop doing this. And, you know, vote on a wing and a prayer. And, again, that unicorn's behind. We're going to bring the rainbows out, and this is all going to be fantastic. It is not reality. We have to stop indulging these lunatics. And just say, sit down, child. This is not the way the world works. And we're just not going to indulge this anymore.

GLENN: I will tell you, the problem is: They believe in global equity. This is part of it. Bring America down to her knees. Bring her down to size, so we're all equitable. Which, we won't be all equitable. Because at some point, the American people will have enough and say, you know what, get the hell out of our way. We'll fix this. And the American people will fix it. It will be ugly, but they'll fix it. And then what happens? The rest of the world is starving to death.

CAROL: Yeah. These are. I've identified these sort of free global gray swans. The things where stuff could really go south, pretty quickly here. One of them is energy rationing, based on these decisions. We know we'll have rolling blackouts. And energy issues in the US. This summer. We know that Europe will have it. We just don't know how bad that's going to be. We know there's going to be some level of starvation. But it could be tens of hundreds of millions of people. Again, partially on the backs of these decisions. And the social unrest that comes out of those first two. Could lead to some sort of a mass scale war. And, again, this is entirely avoidable, if we did not let the lunatics run the asylum.

GLENN: Well, I don't think it's -- it was not just avoidable, it was clearly predictable. And I personally think the lunatics -- and I mean the lunatics that have power. I believe this was part of their goal. Let me read this to you. And I would like to have your opinion on when did all of this change? This is from Bloomberg today.

The U.S. government is quietly encouraging agricultural and shipping companies to buy and carry more Russian fertilizer according to people familiar with the efforts. As sanctioned fears have led to sharp drops in supply, fueling spiraling, business food costs. The EU, and the US has built exemptions into their restrictions on doing business with Russia, to allow trade in fertilizer of which Moscow is a key global supplier.

But many shippers, banks, and ensurers have been staying away from the trade. Out of fear that they could inadvertently, fall afoul of the rules from the U.S. government. Russian fertilizer exports are down 24 percent this year. U.S. officials were surprised by the extent of the caution against the seemingly paradoxal position of looking for ways to boost them.

So now we're going around our own things, to buy fertilizer. Meanwhile, Russia has been selling more oil. Making more money than ever before. The ruble is up. What happened when everybody was saying, we're crushing them. We're crushing them. We're crushing them. Seems like the only ones getting crushed is us.

CAROL: Yeah. This is the stunt queen administration. Everything is a PR stunt. And it's surface level, so it looks fantastic. And none of it means anything. You know, all these economic sanctions. Which, by the way, Putin is weaponizing the U.S. dollar. It's going to have major ramifications for us, you know, remaining the business reserve currency. That had an exemption for gas. Because we know that Europe is dependent because they and us decided that they were just going to move away, and not realize the repercussions. And what you said, Glenn, is not an exaggeration. There is documented reporting that Russia is on track to make more money from oil and gas this year, than ever before. So fantastic sanctions there. Now the same thing. They're doing it, like you said, quietly. They don't want anyone to know, that everything they're saying upfront. They're being tough against Russia. They're not being tough against anything. And Russia is playing a massively long game here. They knew it on the gas side. They're able to reap the rewards here. Now they're going to do it on the food side, you know, fertilizer side. Every side, to extract everything they can, while they get everything that they want. And we look like giant idiots. I mean, I could not look for a worse set of people to be in charge in terms of a crisis. Because they are making everything worse. And as you said, it's very possibly by design.

GLENN: Carol Roth. She is the author of a book that everybody should read. The war on small business. She has the latest piece out for TheBlaze.com. Debunked and explained. No greedy oil companies are not to blame for the gas prices. Something that you really have to send to all of your friends. It is time your friends wake up. Wake up. Because this is only going to get worse, unless you wake up. Carol, thank you so much. By the way, if you have any economic related question for Carol. Make sure you go to GlennBeck.com/contact. And submit any of the questions you might have for Carol. Carol, can you hold on? I have another question I want to ask you about bitcoin, if you can explain that, coming up in just a couple of seconds. Stand by.

‘STUNNING’ statistics PROVE the church may be in DANGER

A recent report found that only 37 PERCENT of Christian pastors bring a ‘Biblical worldview’ with them to the pulpits. And, for Catholic priests, the numbers are even worse. Glenn breaks down these ‘STUNNING’ statistics which prove that the Christian church in America may be in BIG danger…

Transcript

Below is a rush transcript that may contain errors

GLENN: By the way, there's a couple of things hear. Only half of evangelical pastors hold a Biblical worldview.

Now, this might be a little shocking for people who go to church. A study released Tuesday builds on an other report from American World View inventory 2022, which shows that 37 percent of Christian pastors bring a Biblical worldview with them, to the pulpits.

Now, a Biblical worldview is -- do you -- does every person have a purpose and a calling is this

Do you have a purpose for being here? And can God call you to something? I'm asking you, Stu.

STU: Why are you asking me, without the echo in your voice?

GLENN: Because I don't want you to feel damned, immediately.

STU: Oh, okay.

GLENN: So do you feel the purpose in calling?

STU: Sure.

GLENN: Family and value of life. Those come from God.

STU: Yes.

GLENN: Do you believe in God?

STU: This is a tough one. After the previous two, but yes.

GLENN: Do you believe in creation? I know this is weird. Creation and history?

STU: I believe in history. I just believe in --

GLENN: I believe in creation. Do you? I mean, intelligent design. I don't know how he creates.

STU: Yeah. I don't find that question to be as riveting as some do. I don't really care how he did it, honestly. But it's on him.

GLENN: It's like, oh, we got you there. So you're saying, dinosaurs aren't real?

STU: Yeah. I don't really -- I don't know all the details to it. It wasn't there. I will say, I don't know how an i Phone works exactly. But I'm glad the texts go through.

GLENN: But I don't believe in Steve Jobs. He never existed. That just, all of a sudden appeared on a beach somewhere.

STU: Right.

GLENN: Let's see. Do you believe in sin? Salvation and relationship with God?

Do you believe in behavior and relationships, the Bible, and its truth and morals?

STU: I think.

GLENN: Yeah. I think those are all pretty easy. Only 37 percent of pastors. Believe in that.

STU: Oh.

GLENN: I mean, you might want to put that on the front sign. You know what I mean?

Like, hey, come in. Try our doughnuts. And we don't really believe what you think we believe.

STU: Well, this happened to you. Right? When you were doing your church tour. Back in the day.

GLENN: Oh, back in the day. We went to every church. Every religion. Because my wife wouldn't marry me without a common religion.

And I'm like. I love God and everything. But religion, I --

STU: This is a long time ago. This was not you, at the time though.

You were not. This church tour happened, in what? I don't remember what year it was.

GLENN: '99.

STU: Wow, it was a long time ago.

GLENN: A long time ago.

STU: You were finding your way. Mainly because your wife wouldn't marry you if -- you're forced into it.

GLENN: Right. I was forced into it. And she didn't believe in premarital sex either. And I'm like, okay. Chickaboo. I said, what is it going to take? And she said, God. Here I am. I'm practically a god, look at me. No.

STU: A Greek god.

GLENN: A Greek god. She vomited. And then I went to church. So we tried everything. I mean, we -- I really liked a Jewish synagogue we went to. Except you couldn't eat a lot of good things that I liked. And I don't speak a word of Hebrew. But it was in and out on Saturday, and it was pretty good. I since learned there was more than that.

STU: Yeah.

GLENN: But I went to this church. And it was. What do they call those churches? Congregational, right? The white churches on the greens.

Yeah. I think it's congregational churches. And they're non-denominational. And so I'm sitting there in the pew. And Tania and I were listening.

It's okay. It's church. And during it the sermon. The pastor said, now, you all know that I don't believe in God. But if there is a God, we should serve him.

And I'm like, hey, that doesn't make any sense at all. Okay?
(laughter)

GLENN: And that should be on the front door, someplace. Before you go and sit down, you should just know, our pastor does not believe in God. But if there is a God, maybe we should serve him.
(laughter)
You know, good safety tip there. So back in just a minute. I'm going to give you a reason on why I'm telling you this latest survey. It's crazy. Finnegan is a 12-year-old Husky Lab. And Daniel not his owner. That would be wrong.

His adult friend. He said Finnegan used to sleep all the time. We had to spike his food every day with cheese and ham, et cetera. And even then, he wouldn't eat most of his food. Sometimes for days. I was skeptical about ordering Ruff Greens. But I gave it a try. In a month or so, Finnegan was incredibly active, and he runs and plays with other dogs. He even chases rabbits and squirrels again. I wish I would have discovered this for him, long ago.

Well, get it when you can, you know. Doing the best you can, to raise a health dog. Ruff Greens can help you. It's not a dog food. It's vitamins and minerals. And all the other things that your dog needs to live a healthy life. And they love it. And you put it on there. Now, not all dogs love it, I'm sure. So they want to give you a free bag, to make sure that your dog loves it, as much as my dog Uno. And Daniel's dog Finnegan. They'll eat it, man. You just watch over them. They change. It is really great to see. It's Ruff Greens. RuffGreens.com/Beck. RuffGreens.com/Beck.

Get your free bag now. 833-G-L-E-N-N-33. Or RuffGreens.com/Beck. Ten-second station ID.
(music)

GLENN: On only 30 percent of Christian pastors believe and have a Biblical worldview. I mean, if you're not talking about sin and, you know, how to be a better Christ-like person. And how do you -- 37. What are they teaching?

STU: Those are the questions. The specific questions asked. Certainly, there are differences among denominations. And various questions.

But these are pretty basic points.

GLENN: Are these eight categories. Eight categories. Purpose and calling. Family and value of life.

God, creation and history. Faith practices. Sin, salvation, and relationship with God. Human character. And nature. Lifestyle. Behavior and relationships.

Oh, and the Bible. Truth and morals.

STU: Yeah. I know there are obviously disagreements on some of the intricate matters of faith between denominations and pastors.

GLENN: Sure. But 37 percent.

STU: The only thing I would ask, who is the defining Biblical worldview there? And I would assume --

GLENN: The bible.

STU: If you're assuming broad categories like that, that's a stunning number.

GLENN: Stunning. Stunning number.

STU: To the point of, how is it possible?

GLENN: So 57 percent of pastors leading non-denominational and independent churches, held a Biblical worldview, a nationwide study in February. Conducted in February. Nondenominational and independent churches were more likely to subscribe to a Biblical worldview than evangelical churches. Perhaps most surprisingly 48 -- 48 percent of pastors of Baptist churches, widely viewed as the most enthusiastic about embracing the Bible. Held a Biblical worldview, 48 percent.

Pastors of Southern Baptist churches by contrast were far more likely. 78 percent, to have Biblical beliefs. The traditional black Protestant churches and Catholic priests, I'm sorry. Just -- wow. I just had to read this again.

Traditional black Protestant churches and Catholic priests, were found least likely to hold a Biblical view. With the incidence of Biblical worldview, measured in the single dingles. Black churches. 9 percent of pastors and Catholic priests. 6 percent.

STU: I feel like you ask atheists, if you have a Biblical worldview. You would have higher than 9 percent.

GLENN: I think I could give it to Penn Jillette. And he would be like, you know.

STU: At 14 percent. I'm at 14 percent.

GLENN: Yeah. That's crazy. In churches with an average of 100 or fewer within attending weekly services. 41 percent of the pastors had a Biblical worldview. Larger fellowships with 100 to 250 adults fared better, with 45 percent.

However, 14 percent of pastors leading mid-sized churches, between 250 and 600 people. 14 percent.

And 15 percent of pastors with congregations of more than 600 adults. That's crazy.

STU: Yeah. That's hard to understand how that's possible. Why would you be involved in this business, right?

I hate to call it a business. It's your life's work. It's your career. Right?

GLENN: It's like. You know what it means? It's my uncle who is the head of safety at Boeing for years, and he would never fly. He would never get on an airplane. And he would be like, uncle Dave, what is that? And he's like, if you fly, you have to fly a Boeing.

STU: If they can care about it a little.

GLENN: It is my uncle, who is the head of safety at bowing for years. Okay.

STU: Okay.

GLENN: And he would never fly. He would never get on an airplane.

STU: Right.

GLENN: And you would be like, uncle Dave. I don't. What is that? And he's like, if you fly, you have to fly a Boeing. But there's no reason, logically that that thing should be able to take off and fly. I don't know if you're the best for safety, you know.

I think that's -- my uncle Dave should have been a priest maybe.

Glenn reads leftists’ CLUELESS reactions to SCOTUS decision

The far-left proved once again it’s members care very little about ‘peace.’ In fact, some reactions from leftist, blue checkmarks on Twitter show just how ANGRY they can be…especially when it comes to the Supreme Court preserving the Constitution and returning rights to the STATES. Glenn reads several of their reactions to SCOTUS' recent decision that further protects the Second Amendment...

Transcript

Below is a rush transcript that may contain errors

GLENN: Boy, I just wanted to go through some of the blue checkmark responses from yesterday. Because, gee. I just -- I just don't -- I just don't know what else to say. They were so right on target. Now, that's -- that's a joke. I didn't mean it. I didn't mean it actually target. You know, like Sarah Palin actually meant it. Alicia Sultan. Or Ashia, or whatever her name is. She says, God forbid. Listen, you're listening right now to a guy who is in the Radio Hall of Fame. I am so good at what I do. I don't even need to know how to pronounce names. I don't have to. They were like, this guy is like a radio god.

Yeah, but have you heard him?
Yeah, put him in the Hall of Fame.
Anyway, she said, God forbid, someone you love gets killed by gun violence. I second that. Second Amendment fetishizing will never bring that back, or a make that loss easier to bear. Yeah. I agree with that. I mean, hang on. Let me just take the ball out of my mouth here. I have this fetish thing with the Second Amendment. It is hot. Too many people believe that unfettered access to guns will never hurt someone they love, until it happens. Okay. I don't know what your point is really here. Marion Williams says. People will die because of this. And to be very clear, now, listen to this argument.
To be very clear. They're not doing this to protect the Second Amendment. They're doing it to protect the primacy of property rights.
Well, gosh, that's a good reason to do it too, I guess. Huh. I didn't even think of the property right part. But thanks for pointing that out, Marion. Neil Cattial says, it's going to be very weird if the Supreme Court ends a constitutional right to obtain an abortion next week. Saying it should be left to the states to decide, right after it imposed a constitutional right to conceal and carry firearms. Saying, it cannot be left to the states to decide.
Neil, here's what you're missing, dude.One is actually in the Constitution. It's called the Second Amendment. That tells the federal government, and the states exactly what they can and cannot do. What government cannot do. There is no right to abortion. I -- show it to me. Show it to me. When you can show it to me, I will change my argument. That, when it's not in -- I'll talk slowly for you, Neil.
When it's not in the Constitution, then, there's this part of the Constitution and the Bill of Rights. It's -- it's -- just look for the number ten. Okay? And that says anything that's not specifically in the Constitution. That goes then to the states. Yeah. Look at you. You're going to read something.
Jill Flipuffock says -- says the kind of people who desperately want to carry concealed weapons in public, is based on a generalized interest in self-defense are precisely the kind of paranoid, insecure, violence, fetishizing people, who should not be able to carry a concealed weapon in public. Okay. So let me get this right.
If you want to carry one, you're the kind that shouldn't carry one. So, in other words, when -- this is right. Jill, my gosh, my whole world is changing. Thank you for this. Now I understand when Martin Luther King went in and said to the state officials, hey. I need to have a concealed carry permit. He's exactly the kind of guy, you Democrats didn't want to carry a gun.
Yes! Jill, thank you for that enlightenment. David Hogged says, you're entitled to your opinion. But not your own facts. And like your own facts, you're not entitled to your own history. That's exactly what the Supreme Court decision is. It's a reversal of 200 years of jurisprudence that will get Americans killed. David, David
Have you read a book? Come on. Do you know anything at all -- name three founders. Can you do it? Right now, think. Go. Can't do it, David. 200 years.
Our -- the only times -- the only times in our history, and you wouldn't know this. Because you bury all the left. Buries the Democratic history.
The only time that we have any kind of history, where we're taking guns away from people, is when the government is afraid of those people. When the government gets really, really racist. Okay? That's why the Indians, yeah. That's why they're living on reservations now. Because we took away their guns. Yeah. Yeah.
That's why after the Civil War. And before the Civil War, slaves could not have guns. Why?
Because they might defend themselves. And then, after they were freed, oh, my gosh, the Democrats freaked out. Those freed slaves, will have a way to protect themselves. And they got it done through all kinds of laws, kind of like what you're doing now.
Thank you, David for writing in. You're special. March for Our Lives. Blue checkmark said yesterday.
The court's decision is dangerous. And deadly. The unfairly nominated blatantly partisan justices put the Second Amendment over our lives. No. I -- I -- may I quote the Princess Bride? I do not think those words mean what you think they mean. Okay?
Second Amendment is there, to protect our lives. To protect our property. And to protect our freedom.
I just want to throw that one out. The blood of American people who die from needless gun violence will be on their corrupt hands.
Okay. Wahajit Ali (phonetic) said, let's have a bunch of black, brown, and Muslim folks carry large guns in predominantly white neighborhoods.
I know the Second Amendment advocates will say that's great and encourage it. Because American history proves otherwise. We might get gun control. But we would also get a lot of chalk outlines.(laughter)Mr. Ali, you are so funny.
See, what you fail to recognize is that all of the people that you say are racist, aren't racist.
There are racists in this country, a lot of them seem to come from the left. You know, like the socialist Klan members. Or the socialist Nazi members. You see what they have both in common?
Yeah. Democratic Party. Anyway, Mr. Alley, if someone wants to carry a gun. And they're a Muslim. I have absolutely no problem. You're brown, you're pink, you're polka dot. You have covid and you're not wearing a mask. Or you don't have covid, and you're wearing 20 masks. And you want to carry a gun. I'm totally fine with that. Now, if you get a bunch of people. And, again, I don't care what color they are. Marching down my neighborhood, with large guns. Yeah. I am going to call the police because that's unusual.
What are you doing? We're just marching with our guns. Why in my neighborhood at night?
None of your business. Does Kavanaugh live around here? See, there's a difference. There's a difference. Right-wingers can freak out about nullification or packing or whatever.
No one cares. You broke all the norms of decency, democracy, and fairness. Oh, my gosh. Oh, wait. Wait.
This is from David Atkins. He has a great solution. At the end of the day, California and New York are not going to let Wyoming and Idaho tell us how we have to live in a Mad Max gun climate hell.
Oh, my gosh. David, let's break some bread, baby. Let's come together. Yeah. All right. Let me do my best Marianne Williamson.
Yeah. Yeah. Because we can come together. What you just said is the point of the Tenth Amendment. California and New York, I don't want to live like them.
You don't want to live like us. So let's not. Let's not. However, there are ten big things. And I've heard they've added to these. But there are ten big things, that no government in the United States of America, can do. Now, you want to change that, let's change it. Because what's so crazy, is there's this thing called the amendment process. You want to change the Constitution, you don't -- what -- all norms of decency. Democracy and fairness. You don't break those.
You want to change those amendments. You can do it. All you have to do is go through the amendment process. And then if you say, everybody has to have a pig on their lap. You get the states to vote for that. Put it on the amendment. You have it. Now, probably there would be another amendment that comes later. That says, hey, the big in the lap thing is really, really, stupid, and I think America lost its mind temporarily. So we're going to scratch that one out. From here on out, no. Absolute must have a pig on your lap kind of loss. Okay?
But both of those would be done through the amendment process. That would be doing it the decent way, the fair way, and the Democratic way. But David, you are cute. When you think, you're cute. Tristan Schnell writes in, when American service members die oversees, their caskets are brought to Dover Air Force base to be displayed and mourned. No, they're not displayed. I don't know if you've noticed this. But we try not to display the dead. But when Americans die because of gun violence, their caskets should be brought to the steps of the Supreme Court. So the justices can see what they've done. Yeah.
Tristan, I like that. Why don't we take every baby that's been aborted, and put them in a bucket. I mean, we're going to need a big bucket. Because there's millions of those.
And let's dump them, on the front steps of the Supreme Court. So they can see what they've done. Wow!
I got to thank all the blue checkmarks. Because you've really turned me around.

Why the Fed’s ‘MATH PROBLEM’ may result in MORE inflation

Yes, it’s possible for our economy to suffer from extremely high inflation while certain goods, products, and services experience DEFLATION as well, Carol Roth — a financial expert and author of ‘The War On Small Business’ — tells Glenn. The Fed actually is TRYING to deflate the economy, Roth explains. But while they’re saying one thing, the Fed’s current policy shows the exact opposite. And that ‘math problem,’ Roth says, is what could cause our economy to experience even more, ‘prolonged’ inflation. It’s a ‘dire situation,’ and there seems to be ZERO leadership willing to fix it…

Transcript

Below is a rush transcript that may contain errors

GLENN: Is it not possible to have super high inflation, on some products. And super low deflation. Prices that are -- that are crazy.

Because they -- nobody is buying them, in other categories. Is that possible to have both of those?

CAROL: Yeah. I think that the best analogy for that would be kind of the '70s. And something that looks for stagflation. Where the economy stagnates. And it stagnates, like you said, because all the money has been sucked up in a couple of categories. And there really is a lot to go around in other places. There's not a lot of investments being made, and what not. But we still end up having high inflation. And we are certainly, a lot of people feel like we're in that sort of stagflation, you know, arena, right now. And it can continue on the trajectory. But you have to remember in terms of deflation. I mean, that's what the Federal Reserve is trying to do. They are actively trying to deflate, you know, not just the bubbles and assets, but they're trying to deflate spending, to cool off the economy. That's why they're shutting off their balance sheets. That's why they're raising their interest rates. It's meant to cool off demand. And that's the math problem that I keep talking about. They keep saying, oh, the consumer. And businesses are going to save us from a recession. But at the same time, the policy is meant to do the exact opposite. The policy is meant to make it, so that people aren't able to spend in the same way. So those two objectives are at odds with each other. And so I do think, that we could end up in this prolonged period, like you said, where the inflation hasn't quite gotten under control. Especially since we have so many supply demand imbalances in our economy. We have a labor imbalance. We have a food imbalance. We have an energy imbalance. And we have a commodity imbalance. And that's not going to it be solved by any monetary policy. That requires real action. And we don't have leadership, that's willing to lead or frankly do anything.

GLENN: So we have -- as I see it, we're looking at a situation. Again, I'm going back. And please, correct me where my thinking is off. But I'm going back to the Great Depression. So people were afraid. They held on to their money. They spent what they had to, and what they could afford. But nothing else.

That caused the labor market to shoot out of control. To -- to about 25 percent unemployment. Because the factories were closing down. Because no one was buying anything, from the factories. Which then, in turn, made FDR say, we're going to build the Hoover damn, to give people jobs. But it was all the government money, which would have just caused more inflation, if I'm not mistaken. Had it not been for the -- and I hate to say it this way. But the saving grace of the Second World War. Right? Were we in a death spiral? I mean, the war was definitely a different kind of reset. And I think a lot of the logic that you're talking about makes sense. If consumer sentiment is really important. And it becomes a self-fulfilling prophecy, if people don't feel confident, they don't go out and spend. They're worried about their inflation. And being able to feed their family. And get to work. They aren't going to spend -- I think there are a couple of things that we have that are different. And it's not necessarily better for the average American. So I just want to be clear. That I'm on your side, and I'm not saying that it's better.

But because of this huge supply and demand imbalance. We have two jobs available for every person looking. The likelihood is that that probably contracts to be, you know, a better match, than having massive unemployment just because of that scenario is going on. And we also have a whole slew of Americans, who are doing -- you know, have done very well. They have been the beneficiaries of this giant wealth transfer from Main Street to Wall Street. So I think we're going to have a lot of, you know, different outcomes. You know, that inadequately, that's been driven by government policy. And that's never a good thing. Because, you know, the social unrest that comes with it. And rightfully so. Because, you know, these policies have really put the middle class. The working class. And in some cases, the lower class, at risk, to the benefit of the people on the inside. And so the numbers on average, may not show how dire the situation is. And so they'll be able to spend. And say, oh, everything is great. And the consumer is doing well, when people are really struggling. And, you know, that's going to be when we continue to just be furious. And, you know, demand something be done about that.

GLENN: Carol, thank you so much for everything that you do.

She's just issued a new paper. A new piece for TheBlaze. What the heck is going on in bitcoin. And you can find that at TheBlaze.com. TheBlaze.com. What is going on with bitcoin, by Carol Roth. Thanks, Carol. God bless.