RADIOApril 08, 2024

The TRUTH About Gen Z's "Entitlement"

Gen Z gets a bad rap as entitled, lazy, and whiny. But is that true, or should we listen to their complaints about things like 9-to-5 jobs? Glenn gives his message to Gen Z: Yes, your life is hard…because you’ve been lied to by a government that just wants more power, no matter how it affects you. Something is very wrong in America when you are working all day and still can’t pay your bills, or when you were told to spend a fortune on a degree that ends up being worthless. But the solution isn’t more government handouts. In fact, that’s a big part of the problem.

Transcript

Below is a rush transcript that may contain errors

GLENN: So let me speak to Gen Zers here.

I can't imagine what you're going through.

I -- I would hate to be in your position.

When I was your age, we didn't have to deal with any of this stuff. Your life has been tough. And at the same time, in comparison, your life has been very easy. And what I say, what I mean by that is, your early life as a child, was -- was very easy, in some ways. Because everybody was rushing to, you know, save you, protect you. Et cetera, et cetera.

Which makes your life harder now.

You know, when we fell down, and went boom, you know. Our parents were like, oh, look who is -- look whose head just went boom. And they knew that would help us not cry. Right now, your parents have mostly been involved in everything. Your counselors at the schools have been involved in everything. And everybody is making sure that you feel great all the time.

Which doesn't make you feel great. You've grown up with social media, doesn't make you feel great. You have grown up with literally the definition of narcissism, somebody gazing into the pond, looking at themselves all the time.

You've had that, and -- and this system of -- of a self-facing cell phone has -- and I don't mean this as an offense. Because everybody has experienced this. This is not just Gen Zers. But we've become narcissists. And it's all about me, me, me, me.

So you've already navigated landscape, that we didn't have to. You navigated landscape where nothing is true. And you don't trust anybody.

I wouldn't either. I don't, anymore.

But life is worth it, that's the first thing.

Life is really tough, really tough.

But it is worth it. In the end.

But life is not about stuff.

And as -- as a guy who is kind of a pack rat, I can tell you that none of that stuff will create happiness in your life.

And I think your generation has a better handle on happiness. In some ways. Than anybody in my generation. You're starting to realize, that, hey, pharmaceuticals, maybe not as good as natural. The big, huge house, maybe not as-needed as just having a smaller house, and then living your life, instead of having to work all the time and never going to experience it. My friends always say, Glenn, you've worked your whole life. You should go travel the world. I can't. I can't. Because I'm working.

And so I think you have a better balance, at least on what you want. However, there are some things that you have now been brought up to believe that are true, that are not true.

For instance, DEI and -- and CRT. And all of this crap.

You know, reimagining the police.

There are bad police out there.

There are. But when you -- when you reimagine the police, in a way where no police officers want to work in your at the, you get looters and squatters.

And riots.

And that feeds on I need to say. Especially when your politicians convince you that the right thing to do is to show compassion, and say, oh, well, wait a minute. Maybe they were deranged in some way or another. And so we're not going to put any of these people in jail. Or hold them.

And they commit crime after crime after crime.

And it becomes organized crime. That's what's happening. And somebody has to pay for that.

So when your Walgreens goes out of business, in your neighborhood.

It's harder on you.

When -- when they have to pay more for insurance, because people keep robbing them, well, then everything in that store goes up in price.

When politicians convince you, that minimum wage should be $25 an hour. Or I've heard 50, lately.

That means, the price of your hamburger and everything else, is going to go up. And so it affects you. Who pays for these things?

Actions, by politicians, have consequences.

You can't afford health care?

You can't afford a house? You can't really afford really even food? I understand.

And that is real. And it shouldn't be that way. But give me five minutes, and perhaps you'll look at it, in a different way. So we can fix it, together.

Look, picking a real estate agent, out of the hat, is not a good deal. You really need to know who they are. What they've done. What they stand for. What the business practices they are. Are they the best business practices?

What is their marketing campaign like? Do they have people already looking for a house like yours?

Because they have a good marketing campaign. If -- if you don't know to ask these questions. And most people don't. You're going to have somebody like you're just picking a name out of the hat, for your real estate agent.

GLENN: I want to continue our conversation with Gen Zers that feel like it's not worth even trying to go to work, because you'll never get anywhere. You can't afford.

I work full-time, 40-hour week. You still can't afford a place to live. You're still living with your parents. You can't afford food.

And I think they're right to feel this way. That wasn't always the case. But I want them to know, that I blame a lot of it on the hippies. And that may be wrong, but I hate hippies. Hippies have been screwing things up since the 1960s.

And they have been on this socialist march, and they have become everything that they said, they sacrificed back in the 1960s.

They have been liars and politicians.

And they have become greedy for themselves.

And they just won't let go, their time has passed. But these are the people, that have come up with all of these policies, that now, you feel like this is the way the world is.

It doesn't have to be this way.

And I was talking about crime. Looters. Squatters. Riots.

Somebody has to pay for that.

Actions have consequences.

Votes have consequences.

You say, you can't afford health care. I understand that. That's crazy!

Crazy!

My own company used to provide the best health care insurance, in all of New York City, and New York State. At one point, after Obamacare passed, they were taxing us, you know, Cadillac tax taxes. I was the only company, that still carried that, until the insurance company stopped carrying it. Why? Since Obamacare passed, health care costs have gone up 55 percent for the average premium. That's without inflation figured in. 13,000, to 21,000.

But that's just from 2013 to 2020. That doesn't include the last three years. Since Biden has entered office, it's up again, from 21,000, to $24,000 a year.

That is an increase of 80 percent. But you have to remember, politicians promised that if we passed this big government program, it would mean a savings of $2,500 per family.

I -- I mean, you're in school. You know.

2,500-dollar savings is not the same as an 80 percent increase. Hospitals, your hospital stay? Is up to 210 percent.

I understand, you can't afford. I can't afford health care. At these costs.

Who can afford health care?

Who can afford insurance?

You also are starting your life thousands of dollars in debt.

Your parents didn't have to have that. They didn't.

I could take a job, and work a job, to pay for your college, as you went.

You can't do that now.

When they took out, their loans, most likely the government wasn't behind their loans. Once that happened, once the government said, you know what, we're going to guarantee all the loans. Once that happened, like health care, the cost of going to a university skyrocketed. And it hasn't stopped. In 1965, it was Lyndon B. Johnson who said, we're going to just guarantee.

We're going to guarantee everybody's college. Don't worry about it, we will help you with the loan.

Well, once the government guaranteed it, universities found, well, we can just charge more. And they have been charging more and more.

In 1965. It was $450 a year, to go to college. Now, let's change with inflation. With inflation, that's $4,000 a year.

You're currently paying on the average, $26,000 a year. As opposed to inflation-adjusted 4,000. What happened?

What happened? By the way, books, the cost of books, up 155 percent.

Gas, gas is up. Why?

Government regulations. Can't afford a house?

Well, that's due to several things. Many of them revolve around the fed and our debt. Look, you have been fed lies, probably your whole life, and your parents just realized it, during COVID.

Okay?

There's something called common sense. And hopefully, you have it. Hopefully, it hasn't been beaten out of you, in this -- in these -- indoctrination camps we call schools.

The US government has run a debt. And we have been concerned about it forever. But they haven't been listening to your mom and dad, and people like me. They haven't been listening. And a lot of people just thought, oh, well. We could get away with it. And somehow or another, it will all work out.

And many of us have been saying, no. We can't pass this on to our children.

And you're now seeing, what we have passed on. So when you say, generation Z, that, you know, this is -- the adults. You created this world. In some ways, yeah. You're right. You're right.

We were lied to, and as many people do, they want to believe the lie.

Because it makes them feel better. Quite honestly, it's -- it's what's happening in your generation with, that's a female. When it's not.

It's a male. And he feels like a -- a female. He wants to be a female. But it makes us feel better to go along with the lie. Because we don't want to hurt his feelings.

It's the same thing that happened, except this was with money. We wanted to believe that we could spend all this money. Because honestly, it would provide you, our children, with a better life.

And when anybody said, wait. We will to have pay this off.

This will cost them.

We never saw the consequence, and it was always way out in the future. Nobody wanted to listen to the doomsday people saying, no. It's going to come faster than you think.

And that time is right now. Our government now, is printing 1 trillion dollars every 100 days. It's never been done. We have more debt than any country has ever had. In the history of the world.

But we're not alone.

Every country is -- is doing this.

They're going into debt, like we've never seen before. And we're all about to pay for that. And it's going to make your life even harder.

That's why, real, true constitutional conservatives, okay?

And you have to -- you have to understand, that everything is being -- is being cut into refractions now.

There are Marxists, and there are decent Democrats, that still believe in the Constitution, and the rule of law.

There are Republicans, that still believe in spending all kinds of money.

Getting us involved in every war around.

And then there are constitutional conservatives. That believe that we should conserve the things that have worked. Throw out the things that don't work.

But we can only do those things that are allowed by our Constitution and our Bill of Rights. You haven't really learned about those, most likely.

But you should. Because all of our -- all of our problems, are caused by government. And the people, supporting a government, that will do things, that are want in our Constitution.

But that's what this election is really all about.

And you might say, I don't really care.

I don't really care. I don't like either of them.

I know a lot of people, don't like either of them.
But one is going to try to cut the size of this government down. Which is causing the problems.

All of these programs. All of the things, that we've said we have wanted. You know, your parents can't retire now.

You know, you have the opportunity, that they didn't. They were promised. I was promised, that we could retire at 65. And we would get Social Security. And we could live off that.

There's no way you could live off that. You, if you look at the bright side, you're paying for Social Security now.

But at least you know, you're never going to get it. I'm probably the first generation, that knows, we're not going to get it. We're not, it was a lie.

But all of the people that are older than I am, they didn't necessarily know it was a lie.

And now, they're stuck. And I know people think about retirement. But honestly, especially for guys, if you retire, you generally die. There is no such thing as retirement. That doesn't mean you stay in the same job, doing the same things.

But you -- you work. You work. It's something. Something that drives you maybe if you're lucky, by the time you're older.

But man is meant to work. We have to find a way, to keep the people who have been raping this country and our Treasury for so many years, away from you.

Because if they teach you, like they taught us, that all of this stuff will work. You're only going to see much, much more pain.

So we have to try to protect you, so you can do your things, while we, my generation stands between you, and the older generation. That just have raped, robbed, and pillaged through their hippie policies. We say, stand back. Enough is enough. Enough is enough.

Let go. My generation should not be the one that takes the power now. Really, the younger generation. Thirty, 40 years old.

They're the ones. Because they will have to live with it, a lot longer than I am.

And the people who created it, cannot fix it. But it can be fixed.

You just have to learn enough about the truth, about why this has happened to us. Why did we make it for so long? Longer -- this Constitution lasted longer than any other Constitution in the world.

The average is 17 years. This thing has lasted hundreds of years. Why?

How?

And why is it falling apart today?

That's what you should dedicate some of your time to figuring out today.

Not just complaining.

You can complain.

I complain. Everybody complains. But learn what caused this. And if you end up thinking that Marxism is the solution. More collectivism is the solution.

Then you haven't done enough homework in the past.

Because that always ends the same way.

And the way that starts at the end. Is exactly what we're going through right now.

TPUSA Presents This is The Turning Point Tour LIVE with Glenn Beck at the University of North Dakota

In this poignant segment of Turning Point USA's American Comeback Tour live event, Glenn Beck honors the late Charlie Kirk by revealing his private plan to name Kirk as his successor in conservative media, emphasizing Kirk's unparalleled dedication and achievements. Blending themes of faith, history, and personal resilience, Beck shares life principles on forgiveness and truth while unveiling 'George AI,' a revolutionary tool for exploring American history through digitized artifacts and interactive conversations with Founding Fathers.

Israel and Hamas sign Trump's historic deal. Will it work?

Israel and Hamas have signed phase 1 of President Trump’s peace deal, paving the path for the release of all remaining hostages, hopefully in a few days. Glenn and Stu explain the significance of this historic deal and what it could mean moving forward.

Transcript

Below is a rush transcript that may contain errors

GLENN: Oh. Your initial thoughts here on the peace deal?

STU: It's an incredible opportunity. I think it is important to remind ourselves, that this -- these things typically do fall apart. That is essentially your expectation, any time anything like this happens. Part of this is going to be Hamas coming through on promises.

I have very little belief that they are typically able to do such things.

That being said. They probably also -- you know, one of the things -- a friend of mine pointed this out to me. We were going through all of this.

And he said, you know, one thing to think about it: This is, like, not the B team of Hamas. But the R team of Hamas. They've killed so many of the leadership.

GLENN: Yeah, yeah.

STU: These are people making decisions that were not at the top of this organization and had those ridiculous ideological beliefs that would lead you to October 7th. That's not to mean that Hamas, these people that are left are like, "Hey, you want to invite them over for Thanksgiving."

But I do think there's a possibility here that they're like, you know, maybe this life is not here for us.

GLENN: That would be nice if that were true. I don't know if that were true. But it would be really thyself.

STU: I don't know if that's true. I do think there may be a little bit lower ideological commitment, potentially. And also, the idea that some of these people might be able to make this deal and escape to another third country.

GLENN: Yeah.

STU: And live life there, in a different way.

GLENN: So the breaking news that just was announced, Israel, their parliament or their cabinet just met or approved phase one of the deal.

And Hamas has just come out and said, they accept phase one of the deal.

That means the hostages will be released either this weekend or Monday.

Any remaining hostage will be released.

STU: I mean, just that.

GLENN: Just that.

STU: If that occurs, it is a massive achievement.

GLENN: Yes.

STU: So far, it is already the greatest opportunity we've had.

And only possible because of his detection to this idea!

GLENN: And his deal-making.

Not just his vision.

But his ability to work all of the parties and find out what all the parties need.

And make it happen.

You know, we're not talking about peace between Gaza, you know, Hamas, and Israel.

We're talking about peace in the Middle East.

STU: Yeah. It's bigger. It's bigger than just Israel.

GLENN: I mean, it's Egypt and Saudi Arabia and -- and Jordan to some extent. And -- and Turkey. All of them getting together and saying, you know what! We'll rebuild Gaza. We want to make it into a very prosperous kind of area. I mean, think of places in Saudi Arabia that are so prosperous. That's the way Gaza could be. So they're all getting together and they're saying, "We will rebuild. We'll oversee. We will try to make everything -- you know, keep everything held."

They will put their money into it, which means they have a lot to lose if it goes awry. And they're all saying, "We can co-exist with Israel."

Three years ago, did you even think that was possible?

STU: Yeah. And, you know, look, there are a lot of places you can go and find non-stop criticism of Donald Trump. They will say terrible things he does, and everything he does is the worst thing ever.

GLENN: Yeah.

STU: Also, there are plenty of places you can go where you find that everything that he does is the greatest thing of all time.

I hope you realize that's not what we do here. And I -- on a -- I said this -- and you said this as well when we -- when this was unveiled.

Sometimes, you can get -- people are critical of the way Trump handles these situations.
Sometimes. And sometimes there's arguments on that.
Sometimes it's not the best approach.

You know, we were critical of him, for example, how he handled Canada. You know, probably cost Poilievre that election. And I think that's a really bad thing.

GLENN: I do on top.

STU: That being said, this is a great example of where his instincts work perfectly. This is all set up over a long period of foundational stuff from his first term. With the decision he made, to come out and just announce the agreement with Netanyahu. We agreed. We agreed to this peace deal.

Now, in theory, we have no position to agree between these two parties. But he came out and all of the focus had been, look at all the bad things Israel is doing. Look at how bad, they're so evil. They're so bad.

And he said, we agree with Israel. Now we just need Hamas.

And so the world's attention was like, what's Hamas going to say?

Finally, he was able to focus his attention to the appropriate place. To the party that is holding the hostages, to say, hey. How about asking if they want to a freaking cease-fire for once?

He was able to do that. In a way that I think only Donald Trump could achieve. Which leads to this, over a long foundation.

GLENN: And here's another thing.

You know, this guy has walked through wall after wall after wall of fire. Everybody calling him everything. Nazi, every day.

Here's a guy who, you know, in a time period where the whole world is like, the Jews control everything. Donald Trump is run by the Jews.

He not only kept his relationship with Israel solid and helped them, when he thought they were right. But when they were wrong, in his view, he chastised them.

He knew how to do it. And still hold their respect.

And gained the respect of places like Qatar. And say, so Qatar. When he chastised Benjamin Netanyahu and Benjamin Netanyahu had to I think apologize to some degree about what they did in Qatar.

That's when the Middle East went, wait a minute.

He's not being controlled by the Jews! You know what I mean?

That should be a really big wake-up call to everybody who thinks that Donald Trump is just being controlled by the Jews.

No. No. No. He's not.

He does what he thinks is right. And he'll chastise both sides.

And he will support either side. When they're right, to get to a deal. That's good for everybody.

This deal could be amazing.

I don't have any -- and it's not because of this deal.

I happen to -- I read the end of the book. So I know how this ends.

This will not -- you know, this is not --

STU: You skipped ahead?

GLENN: I skipped ahead. I skipped ahead.

STU: Don't ruin anything.

Don't -- no spoiler alerts.

GLENN: I won't. No spoiler alerts.

Let's just say, this might last for a week. It might last for a thousand years. I don't know.

But we will be in this situation again. We all know that. We all know that. But let's take and celebrate peace while we can.

And the hostage is coming back. That is massive. Massive.

And due to Donald Trump.

Today, if you don't like Donald Trump, fine. Fine.

But how do you take this one apart?

Honestly, how do you not claim this is a massive victory, for the whole world?

STU: Well, I can tell you, that a lot of people on the left are rooting for it to collapse, which is a shockingly revealing moment. I mean --

GLENN: Wait. What?

STU: They are -- you know, they're not going to be out there like, we hope this collapse is.

But you know they hope it collapses.

They don't want to give Trump credit for it.

And they would rather have this continue. They would rather have this war go on.

Than admit that the reason it's ending is because Donald Trump was able to negotiate this deal.

That is central!

GLENN: I think anybody who has played politics with the Palestinian, you know, all that stuff. And all the stuff on the streets. That -- that has been a very effective tool for them. And so I would agree.

And they don't want that tool to be taken away.

STU: You think the Hamas wing of the party wants this? You think Rashida Tlaib is all thrilled about Donald Trump's efforts here. They will hear about Ilhan Omar -- how wonderful --

GLENN: Those are extremists.

STU: I mean that. This is a very revealing dividing line on the left. Right?

If there is anything that is ever going to happen, that Donald Trump can be given credit for. That you think this could be clear. John Fetterman. Fetterman has obviously pretty good on this issue. But Fetterman came out, gave a statement that should be basic. Basic. Like, hey, this is good. And I really hope it works. Donald Trump did a good job on this.

That's the type of stuff that should be obvious for everyone to be able to --

GLENN: That's what "Tip" O'Neill would have done. "Tip" O'Neill and Ronald Reagan, they got together. They disagreed. They fought hard, but they had dinner.

Yeah. Because "Tip" O'Neill could say, that was good. That was good. What he did was just good for all of us.

STU: That worked well. Good. I'm glad that happened. You should be glad that happened. We should all be rooting for the success here.

Even if what the -- you know, like, I rooted -- again, I have all sorts of criticisms the way Barack Obama dealt with the Middle East.

Yeah. Plenty of them. And we went over them over and over and over again.

And plenty of issues with specifically the way he went after Osama bin Laden. But on the day that it happened, really happy about.

Very happy that we were able to do it.

Now, look, it's our military that does it. They can say all this stuff too. They can say, oh, well, the real reason is. Blah, blah, blah.

But we can still be happy, that this occurred. And you can still be excited and give credit where credit is due.

GLENN: This is a win for all humankind. For humanity!

For life!

Stopping Hamas from torturing. You know, torturing kidnap victims.

Stopping the bloodshed that was happening because of the war on both sides.

That is a win. Having the possibility of a stable Middle East, at least for a while. That's a win!

That's a win all the way around. Everyone should be happy. I don't care if you like the president or not.

Everyone should be happy that mankind, put one on the chalkboard for all of mankind today.

This is a huge -- never seen -- this is on the good side. Never seen this one before. Didn't see this one coming.

I mean, we should all be able to say, wow!

And thank you. Because he's the -- I really, truly believe, when it comes to negotiating things like this, there is nobody better.

I mean, that's what he does for a living.

And he knows it. He knows how to read people. He knows how to it.

And this is evidence of it.

STU: And he will do things that are so out of the norm. That it resets everybody's thinking. You know, I mentioned --

GLENN: If he wouldn't have done that. If he wouldn't have done that, we wouldn't have all the Middle East signing on to a peace deal.

STU: I respect. What would they have done in a situation like Trump was with Netanyahu?

Their advisers would have said, "Look, this is great. You guys are together on this. Let's go to Hamas. We'll talk to them. We will see if we can get something done. We don't want to ruin it by announcing it publicly. There are times, where that tactic cannot work. But it worked really well here."

He forced them to basically say, "No, we don't want a cease-fire," or, "Okay. We'll go along with this."

And, by the way, you go down this list, there's a lot of stuff -- this is Hamas never, ever having control of this region ever again is built into this agreement. Now they've only talked about -- they're only on phase one here. So we don't know that we get all of this stuff. But like, there's a lot here that really improves the lives of Israelis, of --

GLENN: Palestinians.

STU: Arab Israelis in the region. You know, Palestinians. Other Arabs in the region.

GLENN: Saudi Arabia. Everybody.

STU: Yeah. Not to mention, just globally.

Right? This is a positive.

GLENN: Look what this does.

That's Turkey. So that separates Turkey from Syria, which is right in bed with -- with Iran.

I mean, think about how this box is. If you have the entire Middle East, now operating with Israel, and saying, we have a right to exist. Think about what that means, for this block, now to Iran. Iran doesn't mind being a pariah.

But now, everyone is officially saying, aisled do business with them.

STU: We will choose business over these guys.

That's a big statement in that world.

GLENN: That's a big deal. Big deal.

Big investors buying gold: What does this mean for your dollar?

Gold has reached a record high price of over $4,000 an ounce. So, what does that mean for your dollar? Financial expert Carol Roth joins Glenn to explain why this news is so concerning and why many big investors have started to buy gold.

Transcript

Below is a rush transcript that may contain errors

GLENN: Well, Carol Roth, welcome to the program. How are you?

CAROL: I'm doing great, Glenn! I'm actually celebrating my 26th wedding anniversary today, so it's a blessed day.

GLENN: Oh, my gosh. Congratulations! Congratulations! It's weird. I'm coming up on my 26th on January.

CAROL: Oh, fabulous. Fabulous. It's a good amount of time to be married, yes.

GLENN: It is. It is. So, Carol. Let's talk about the price of gold hitting --

CAROL: It's over 4,000.

GLENN: Which is nuts. And I don't think people really understand. I don't think the average -- this is my guess, and I want you to correct me. I don't think the average person is buying gold. I think this gold-buying is happening from sovereign funds and central banks, mainly. Also, Asian markets. I don't think Americans really understand what $4,000 an ounce means. Can you explain it?

CAROL: Absolutely. I think the world both, investors and central banks are catching up to the things that you and I have been talking about for years. So, you know, we're ahead. We warned everyone. And now this is a little bit of catch-up. Interestingly, you know, as you noted, the average American is very behind in terms of what gold means.

When you look at Chinese households. When you look at Indian household. There are estimates that each one of those country's households owns up to 30,000 tons of gold at this point. Which to put that in context, the US government owns 8,133 times.

GLENN: So the Indian households, all of them combined, 27,000 tons.

CAROL: Right.

GLENN: What we say we have, is he 8100. Wow!

CAROL: So the households in China and India are really ahead of the curve. When you look at data for the US, it's a little bit hard to get good data. But from what I've seen, the estimates are only about ten to 11 percent of US households at all, have exposure to gold.

Now, I know that your audience is very sophisticated and is ahead of the curve. And I would imagine blows through that number. But just shows how sort of unprepared US households are in general.

GLENN: When you're looking at Indian and Chinese households that own gold. Does that include all the gold jewelry?

CAROL: Yes. Yes. That's actually, particularly in India. One of their preferred ways of procuring gold. Yeah.

GLENN: Okay. So gold has -- gold has shot up over $4,000 in record times. I mean, breathtaking time. What is causing that?

CAROL: Okay. So there are a confluence of factors, and I think the two most important factors, which, of course, are linked. Are what Wall Street is now calling the debt debasement trade. Which they're just caught up. And gave it a cute name.

And changing the global financial order. And they're very much linked.

GLENN: Yeah. Tell me, what is it? The debt debasement? What is that?

CAROL: They're doing the debt debasement trade, which is just basically what you and I have been talking about, which is our unsustainable fiscal position.

GLENN: All right.

CAROL: And what all of the money printing that we've seen over the past 17 years, what that has done to our purchasing power, and how that's going to catch up to us.

So as a reminder, our debt to GDP is at emerging market crisis levels. We were at 120 police levels of GDP.

We're running deficits equivalent to a war-time level. Or recession level, while we still have growth.

Which is crazy. We have interesting interest rate -- or interest payments that are outpacing defense spending.

So everyone is now finally catching on to the fact that this is an unsustainable financial position.

And it is going to be very difficult to get out of. Without there being some sort of additional debasement of our currency. Which is a fancy way of saying, a diminishment of your purchasing power.

What's really crazy. There's a chart that's been going around, and they did kind of a comparison of different asset classes. Price in US dollars, price in gold.

So if I look from the end of September 2018, out seven years, and you look at the top 100 NASDAQ nonfinancial companies. It's called the NDX. In US dollar terms, that is up 236 percent. So you think you're super rich, right?

But in gold terms, solid money that doesn't -- you know, that doesn't have its value debased. It's only up 4.7 percent.

GLENN: Oh, my gosh.

CAROL: Yeah. Of course. The S&P 500 up 133 percent over that period in dollar terms. It's down 27.6 percent in gold terms.

And what's called the Case-Shiller Home Price Index, which is the value of homes, the way that's measured. Dollar terms, 60 percent. Oh, houses. So expensive In gold terms, it's down 50 percent.

In fact, right now, it takes less gold in terms of ounces, to buy the median single-family house, than it has in decades and decades and decades.

So it goes to show, that even though we see these dollars. They're buying less and less. And now, you and I were talking about this forever.

But now Wall Street is catching on. Oh, that's not a great thing. And so in terms of preserving the hard-earned capital, we need something that is that -- that hedge. That mutual hedge that is going to retain its value.

And that's why more investors, institutional investors. Funny enough, a lot of millennials, more than anyone starting to really get in to gold.

GLENN: You know why? Because millennials have not been trained their whole life. Trust the system!

CAROL: Yes.

GLENN: And they see it clearly. And they look at it, and they're like, well, this doesn't make any sense at all. And they're going to spend this.

And they will wreck the dollar and everything else. They just see it without being trained over and over and over again. Like, trust the system. They don't trust the system.

And once you realize, the system is rigged in a million different ways. And the system is not telling you the truth.

I mean, that is amazing. When you look at the stock market. And you say, it's actually down, when you compare it in US dollars. To gold!

What's happening -- let me explain this to the audience. What all that means is: Gold is only going up in dollars. It's staying -- it's staying stable. But it's costing you more because of inflation. The dollars are buying less! So it looks like you're paying more, but you're really not. It looks like the stock market is going up, but it's really not! It's what it costs to get in with dollars. If you're going in with gold. You'll actually see that if it was all done in gold, the stock market is down. The price of housing is town.

It's the dollar. It takes more dollars to buy, than it does with gold, which holds its value.

That is -- if people could understand that one thing, that changes all the conversations of, the government has to do something to make housing more affordable. No, they don't. They have to stabilize the dollar. They have to stop spending so much money.

CAROL: Yeah, I mean, if you think of the three definitions of money, it is a medium of exchange. You know, how you helped to exchange goods.

It's a unit of account, which we say, things are priced in dollars, and it's supposed to be a store value. The unit of account, that you just talked about. My friend Steve Forbes has a great analogy, and he talks about other measurements.

You know, imagine that your clock, you know, one day, at 12 o'clock, you know, means midnight. And another day, 3 o'clock means midnight. Or 6 inches to measure a curtain one day. And then the same measurement is like a foot, a different day.

You can't have -- a consistent measurement if the unit of account continues to change. And that's what we've been seeing here with the dollar. And unfortunately, it has not been to our favor.

Which means, that when you work really hard to earn something and it's valued in a dollar, that over time, that -- that work that you put out, your productivity is worth less and less.

And so what gold is meant to do. It's meant to be Capitol preservation. It's not a risk asset. It's not meant to take on risk. And maybe go up a ton. And maybe go down a ton. It's really meant to be a counterbalance to what you have earned. So that you can preserve your purchasing power.

GLENN: You know, I've been saying this for a long time. That you put your money. And I have money in the stock market. You put the money in the stock market.

If things really go awry, go ahead. You're going to cash out for an awful lot of money. But those dollars. It will be paid back to you in dollars.

Those dollars will be worth less, even though there's more of them stacked up, than that ounce of gold, or, you know, that 10 ounces of gold, or whatever you had!

The stock market is paid in dollars. And so as the inflation goes up.

But gold keeps its value!

Keeps its value and hold it steady.

So, yeah. You will be paying more in dollars if you try to sell your gold. But that will continue to increase while stock markets will go down. Am I right?

CAROL: It's a counterbalance. So if things were to shift, and for some reason, you know, things were to change with the dollars, which we would need a lot of different catalysts. Then your gold goes down. It's a counterbalance, which is why it's important to have that diversification in your portfolio. And to have the gold hedge.

What's interesting, Glenn. Just the history, we're talking about millennials.

You know, they went through the great recession. Financial crisis.

They're kind of keyed into this. But if you think about when we came out of the '70s with this crazy inflation. We came out of the gold standard. It used to be very commonplace for a financial adviser to sit down and say, okay.

We've been through this. And so you should be putting, you know, five to 10 percent of your portfolio in gold. As the stock market took off in dollars. And became this big thing.

And they started seeking fees. That went away. Financial advisers, who don't get paid sometimes at all, when you allocate to gold. Stop recommending it.

GLENN: Yep.

CAROL: And now we're seeing a shift back, now we're seeing, you know, oh, yes. You should have some. Some of the big names out there saying, even more.

GLENN: Ray Dalio just came out and said, 15 percent.

CAROL: Yes, we've seen big names like that, anywhere from ten to 20.

And when they surveyed high net worth investors, which are $250,000 in assets or more, they're averaging right now, 21 percent of their holdings in gold.

So it's a very big flip in recent years, on how this is being viewed bit people who have accumulated those dollars and are worried about them.

GLENN: Okay. So let me just summarize here before we move on. On to some other questions.

That is exactly what my grandfather who lived through the great depression said. What are the people with big large amounts of money doing?

I want to do that. And if I did do that. I would be better off in the great depression.

You just heard it, 20 percent or more, right?

From big dollars.

They're investing in gold. 20 percent!

You should -- you should have some!

CAROL: And it's interesting. Some of the portfolios we're seeing is coming from not only the equity peace, but from the fixed-income peace, which is pretty interesting too.

GLENN: Amazing.

Unmasking Antifa: The Dark Truth Behind Its Well-Funded Network | Glenn TV | Ep 461

The cities of Portland and Chicago are turning into war zones. Federal agents have been ambushed, police have been ordered to stand down, and mayors are defying the Constitution. It’s insurrection in plain sight. Glenn Beck heads to the chalkboard to uncover the hidden support and funding networks propping up Antifa. Glenn debunks the myth that Antifa is decentralized and leaderless, tracing connections from Soros to Tides and other shadowy nonprofits. Plus, independent journalist Nick Sortor joins from outside an ICE facility in Portland, where he was wrongfully arrested by police following attacks by Antifa members.