RADIO

What the Fed’s interest rate hike MEANS FOR YOU

In an effort to curb rising inflation, The Federal Reserve just announced an interest rate hike of 25 basis points (one-quarter of one percent). It’s the first time the Fed has raised such rates since 2018. So, what exactly does this mean and how could it affect YOU? Carol Roth, financial expert and author of ‘The War On Small Business,’ joins Glenn to break it all down…

You can read more of Carol's take on this issue here: https://www.theblaze.com/op-ed/roth-what-the-feder...

Transcript

Below is a rush transcript that may contain errors

GLENN: Hello, America.

Yesterday, the fed raised the -- the interest rates.

And they said, they're going to do it, I think six or seven times more this year. This could get dicey in many ways, for everyone.

And I want you to understand, what happened yesterday. And not in terms of, well, you know, us traders believe. I don't care. I don't watch CNBC. Because I only understand about half of it.

I want to know what this means to the average person. Carol Roth joins us. The author of the war on small business. She gets it. And can explain what it all means. In 60 seconds.

Carol, welcome to the -- welcome to the Glenn Beck Program.

CAROL: Hey, Glenn. Lots of things to talk about.

GLENN: Yeah. Boy, I have a long list for you too. So let's start with what happened yesterday, and why people should care.

CAROL: So I want to take a step back, and talk about, you know, why the fed did what it did. In terms of raising interest rates. What we call 25 basis points, or a quarter of a percent.

100 basis points is 1 percent.

GLENN: Okay.

CAROL: And basically, they were undoing the -- at least attempting to start to undo the effects of what they in part cost.

Their monetary policy, zero interest rate policy, printing trillions of dollars, the government spending trillions of dollars, in terms of fiscal stimulus. Turning parts of the economy off, and wrecking these labor markets supply chain.

All of those things are the reasons we have inflation today, exacerbated by decisions that the Biden administration made around oil and gas, dependents and what not.

So basically, we had inflation.

GLENN: Correct.

CAROL: Which we've all been talking about. As we go to the grocery store, and certainly the fuel pumps and whatnot.

And so finally, they said, we have to do something. Now, I'm going to tell you, this is a little bit of window dressing. Because they were doing accommodation. They were in the market, purchasing securities, last week.

So last week, they were being accommodative.

But this week, we have to maintain our credibility, and we need to do something. So they decided to raise what is called the fed funds rate. It's a rate, where banks lend to each other overnight. In terms of their reserves.

And that reverberates through the market. So they brought that down to a target, of zero to a quarter of a percent. And they had held it there for the last couple of years. And they said, okay. Well, you know, inflation is getting away, we better raise some interest rates. One of our tools in order to do that. And they took the huge step of a whole quarter of a point increase, to do it.

GLENN: Wow.

CAROL: Yeah. They're very -- because they need to be credible.

GLENN: Right. So the last time we had a problem of this size, it took an interest rate of about 19 to 20 percent, if I'm not mistaken.

Raising it a quarter is really -- is a joke.

Where do you think, these interest rates should be?

Not -- not considering killing the economy.

Just where it should be. Should it -- if we were in a healthy country, still, would it be 20 percent, or more?

CAROL: So there's a couple of things to unpack there.

First of all, this is an unprecedented situation. We don't have a benchmark, because we have never had central banks, not just in the U.S. but around the world, printing trillions upon trillions of dollars. This has just never happened before. We've never had governments turn off the economy.

You never have a situation, where there's 1.7 jobs available, for every job seeker, because of what the government did.

So we're flying a little bit blind. I've always been a fan of normalized interest rates. I think it's a horrible idea, to have the fed meddling, and trying to direct things.

I want the market to set it. And so before all of this nonsense started, before the financial crisis, the great recession, financial crisis in '07 and '08, which was really the first time we went totally off the rails, with the zero interest rate policy and the purchase of securities, the interest rates were around 5-plus percent. And that seems to be, you know, a healthy place, where things should be.

We should not be in a place, where we're saying, you know, when you take risks, you shouldn't be getting rewarded for it. You know, 0 percent interest.

It makes no sense. So in reality, you're still at very historically low interest rates. And in a healthy economy, to have three, four, 5 percent, would be completely acceptable. We just have been so addicted to this easy money and this free money for so long, I'm not sure how we get out of this.

GLENN: Okay. So there's a couple of problems with 5 percent interest rates, right now. One would be that people would not be able to afford a new house, et cetera, et cetera. Because of inflation, and everything else.

But the other, that nobody ever talks about, is that we now have a national debt over $30 trillion. And that is just like buying a house. You have an interest rate, on that.

If we have an interest rate of 5 percent, how much more money do we have to pay?

CAROL: Bingo, this is the dilemma that the fed has gotten themselves into, by keeping down interest rates. They've basically given the government a free pass to just spend and spend. And to rack up more and more debt.

And we're at a point, to where the debt is completely out of control.

And, you know, has competed our level of GDP.

So if you think about 30 trillion of debt. And obviously, the fed fund rates. And the interest rate on the debt is not a 1:1 correlation. But we know that as one moves up, the other moves up. So in terms of the interest on our national debt, I want everyone to pay very close attention because this is staggering. For every 1 percent increase, that is another $300 billion, that we have to pay in interest, on the national debt.

That is our tax dollars, that are going to pay more, for things, that we have already purchased.

It is not new purchases. It's literally, a finance charge.

Almost like a credit card interest rate, on stuff we have already bought.

And this is the dilemma, the fed has. Because they know, as they raise interest rates, this is going to get out of control. The CDO. Had made a projection, than saying, this is going to get out of control. But in their projection, they said, well, we think the yield on the ten-year treasury note, gets to about 2.1 percent in 2025.

So, you know, we're going to have to really be concerned, maybe in 2029, the yield on the ten-year Treasury note is at that 2.1 percent today. So multiple years ahead of time.

GLENN: Please talk down to me like I'm in kindergarten.

I don't understand the yield thing with the Treasury. How that works. How that's affected. So can you explain that?

VIVEK: Yeah. It's basically how much the government has to pay on debt.

So what the market demands

And obviously, if there's a lot of demand, for Treasury securities. The price of that goes up.

Then the yield, or the interest that you demand is lower.

Because there's a lot of demand. You have to pay a lot for your debts.

GLENN: But we had been at very, very, very low --

CAROL: Very low.

GLENN: Because the fed was buying up. There was no demand for our treasuries, which is our loan.

CAROL: So let me put it in context, what we're paying currently on our national debt, in terms of a combined interest rate, is somewhere in the neighborhood of projections of 1.4 percent to 1.6 percent. So they've been able to finance that at a very low rate. But that number is starting to creep up. And with the fed increasing interest rates, it will further creep up. And every 1 percent is $300 billion.

GLENN: So if we have an interest rate of five or -- five or six percent, we're talking like between two and three trillion dollars more, the entire budget.

CAROL: Yeah. Exactly.

It's just completely untenable, at that point in time.

So I would -- I would imagine other things happened, in the interim. But this is why, when we talk about things like MMT, Modern Monetary Theory, or what I call Magic Money Tree.

That says, well, you can just print into infinity, because we can just print more. Well, we're now living through that realtime experiment. As you said, no, you can't. It causes inflation.

It has real costs for the average American, and it decreases the value of every dollar that you hold.

GLENN: All right. So the best thing you can do is get out of credit cards. You should cut those up if you can.

CAROL: Yes.

GLENN: And pay them off if you can. Get a refi right now. Because you're probably paying about 16 percent for your credit cards, correct?

CAROL: Yeah. And it could be going up.

And anything that has that adjustable interest rate associated with, some people may have something called an arm and an adjustable rate mortgage. Where it adjusts over time. Maybe it's fixed for a certain number of years. Anything that is adjustable rate debt, is going to increase in price. And if you need financing -- let's say you have a business, and you haven't taken advantage of low rates yet. You're going to want to lock that in on a fixed basis now, because it's not going to get cheaper any time soon.

GLENN: Now, the other problem is, with raising interest rates. Let's say you have a business. And you need a loan.

If the interest rates starts to go up, that kills that business. They can't afford that loan. Just like we can't afford our national debt. Or you want to buy a house. Yesterday, mortgages. New mortgages fell immediately, just on the -- on the whisper, that it was coming.

We are seeing a slowdown in mortgages. Which means people will buy fewer houses. The scary thing about this, is you don't know where that switch is. You're just going to have to kind of guess. And it might shut everything down.

CAROL: That's the needle that the fed is trying to thread, in addition to dealing with the consequences of the national debt. What happens, is as they raise interest rates. You know, their intention is to slow down the economy. I mean, that's basically what it is. They want to slow down consumer demand.

GLENN: Right.

CAROL: But the question is: How do you do that, without creating a recession, or without creating reverberations for the economics of the average American?

GLENN: So can I be really, really cynical? I mean -- in fact, let me go beyond cynical. Let me go into, I'm a thriller writer. Okay? And I'm writing a thriller. And for some reason, this country needs to slow down the economy. But they can't slow down the economy, because then businesses will fail. But they don't really care about the average person. You know what I mean?

That's going to fail. We'll print more money. Put them on welfare. Tell they believe to stay home. Or whatever.

Wouldn't one way to slow the economy, for the consumer, but not slow the economy, for the big corporations, would a war do that?

CAROL: I think that would completely change the tenor of the economy. But I think that raising the interest rates does that, because kind of like we saw over the last couple of years, if you are a big corporation. You take advantage of that debt. You have that war chest. We've had that strong balance sheet. So in terms of the transfer of wealth, that is one way to do that. But the war, that would completely change the tenor of, you know, who benefits. And certainly, it would be the bigger guys versus the smaller guys. But it would be more defense, rather than the financial services industry, for example.

GLENN: Yeah. Okay. Carol, hang on. I have some more questions. And I would like you to explain a couple of other things, coming up in just a second. Give me 60 seconds. We're back with Carol Roth. The name of her book, is The War on Small Business. A must-read.

GLENN: All right. So I want to talk to you about the dollar being the world's reserve currency.

Because I'm watching these sanctions, that are being put on.

And I'm seeing things happen, to where, if I'm another country, especially Russia. I'm going to China, immediately, saying, I want to partner with you. Because they just made my money worthless. I can't get my money out of the central bank. The Federal Reserve. That's my money.

And they won't let me get to my money. If that starts to happen. And then Saudi Arabia starts to sell oil, off of the petrodollar, that's really bad news. And let's say, the West holds together. But half the world is off the petrodollar.

What does that mean for us, Carol?

CAROL: It potentially means the end of the U.S. dollar, as a reserve currency.

GLENN: Explain what that means. Because -- I mean, to the average person. Forget about, you know, the central banks and everything else. What does it mean to the average person? To have half the world get off our dollar?

CAROL: Yes. So this is why I love you, Glenn. Because we take the most complicated concepts in the world.

GLENN: I know.

CAROL: And trying to explain them, as if, you know, it's Elmo and Big Bird here --

GLENN: Right.

CAROL: The idea of being the reserve currency. Is something that's -- you know, has sort of a long history. And it means, particularly in the case of goods and services. But also in the case of oil, that everyone in the world, pretty much agreed to use dollars, for a settlement. And that puts some responsibility on the United States. There's something that is called the Triffin dilemma. And there was an economist back in the 1960s, who basically said, there's a conflict. If you are going to be the world reserve currency, you're going to have to make tough choices. And you're not always going to be able to do what's right, at home, in order to make sure you're doing what's right, in the national sphere.

GLENN: Everywhere. Yeah.

CAROL: And unfortunately, you know, this has been an issue, that's been going on for a long time.

But in recent times. As we've been talking about with the fed and the decisions they've made. They actually haven't done right by either party.

They've been screwing over the average American, with their policy. And transferring wealth. But they've been doing the same thing in the national sphere.

And, frankly, a lot of countries are getting sick of it.

And so there have been predictions for quite some time, that there was going to be an event -- an adviser actually to the OECD said that it's probably not an economic event. It's a geopolitical event, that's going to expose the system. You know, wink, wink, nudge, nudge. And so a lot of folks feel like the sanctions that were made against Russia, were potentially a cover story. That we know that we'll potentially lose this reserve currency status. So we're going to say, well, we did it, because we had to take a stand.

But the reality is, you know, as we've now shown the world, you can put your money, in our central bank. And you can buy Treasuries. And U.S. dollars.

But you might not be able to access them. Which is not a really good thing, if you're going to be the world's reserve currencies.

GLENN: Correct. Correct.

CAROL: So there's a couple of potential outcomes. And I know you've been talking about this, Glenn. But, you know, one thing that folks have been talking about.

Is does China potentially step into the reserve currency position?

There is an issue around them. Because usually, if you have the reserve currency, you run a trade deficit. And we know that China is a nation of exporters. Are they really going to step into that? I'm not sure.

The other thought is, listen, we've seen so many banks. Central banks around the world. Print so much money. There's all this debt. You can't really just say, we're going to cancel it all. Because there's counterparties. There are people on the other side of the debt. So what could you do to offset that?

GLENN: Hold on. Hold on. Elmo and Big Bird has to stop. Because Elmo says, there's only 20 more seconds left.

CAROL: Okay.

GLENN: So we will come back. Because I really want to hear this -- this other new plan, and canceling debt just opens up Pandora's box, at least in my head. We'll talk about that, coming up more. Carol Roth, coming up in in just a second. Stand by. That's right. Did you get the vaccines yet?

GLENN: We're with Carol Roth. She's the author of the -- of the book, The War on Small Business.

She's a former investment banker. Don't hold that against her. She calls herself a recovering investment banker. She worked on Wall Street for years and years. Then kind of went, oh, I might be on the wrong side here.

And is trying to do everything she can, to strengthen individual businesses. Small businesses all across the country. And I love her for it.

Carol, you were just saying, that one of the options, in this nightmare scenario, which I think is unfolding in front of us. Where the world reserve currency, is not going to be the dollar.

I don't know what it is. But they're going to change the dollar, from what it is. To a digital dollar.

And I don't know how it all shakes out. But probably not very well.

But you brought up, there is all this debt within that we just can't cancel, because there's other people on the other side of that debt. So explain what you think.

That can't happen, you say.

CAROL: Well, I mean, nothing is a never scenario. Right?

GLENN: Not anymore.

CAROL: In an unprecedented situation. And, you know, for people who are students of history, despite all of the wreckage that could come from this, it's a very interest pointing in time. Especially, financially, you had the U.S. dollar as the world reserve currency. You had then us going off the gold standard. Then you had us, you know -- with the petrodollar, basically saying, we will manage the dollar as good as gold for oil.

And then you had the fed, basically go completely rogue. And not do that.

And anybody who is holding reserves, that they're supposed to say, well, the U.S. dollar is safe. And it's a good store of value. We'll keep devaluing it. That's not a thing.

And so -- and, by the way, these are not my theories. I'm just communicating what is out there, from people who are far smarter than I -- everybody by writing up another asset. So is there a neutral asset, that central banks have access to, that's on their balance sheet, that maybe they have been buying, at really good prices, that all of a sudden everybody comes together, and says, well, we'll just write up the value of that?

It's like writing down the -- gold.

GLENN: Gold.

CAROL: So central banks have been buying tons of physical gold. By the way, billionaires have been buying a lot of physical gold as well. And I'm using the term physical, because it's different than the market that is traded.

GLENN: ETFs. Those are ridiculous.

CAROL: ETFs. That's done in dollars. So who is backing that?

But physical gold. So there is a theory going around, that potentially that standalone basis or a basket of neutral metals. Which was thrown out as an idea, early on. When it was pushed aside for the U.S. dollar. That maybe there is this -- meeting of the minds.

And, you know, this is the way that you make all of these other central banks. And countries full. Is you just write up the value of that gold.

So if you think that that's going to happen. And you think that the financial system is going to collapse, you know, then you want to be owning physical metals. And have a store of that.

GLENN: Because when you say, they're going to write off debt, you don't mean people's houses. You mean --

CAROL: No. This is government debt. They cannot write up government debt. Because when you take -- that's a loan, right? You owe the money back to somebody. So the other side of potentially doing some sort of. We'll have mass forgiveness.

Is that when you take something else that everybody else has. And you say, it's more valuable. Overnight. It's magic.

GLENN: That doesn't sound like --

STU: Bad magic trick.

GLENN: Yeah. It sounds like -- we're dealing with a lot of black magic.

Stu and I were talking about this story that came out of Britain. We hadn't heard anyone talk about this. Explain what happened.

STU: Yeah. Just a little background. It's in the London metal exchange.

And it's the price of nickel. Now, I know no one cares about the price of nickel. Just to give you the basis here.

GLENN: Tesla does.

STU: Yeah. That's true. If you're buying an electrical car, it's true. Basically, the last five years has bounced back and forth between 10,000 and 20,000 per metric ton. Okay?

It got up to a little bit above 20,000, in the last few weeks. Obviously, all this time going on with Russia. Russia, Ukraine. Big sources where it comes from, for all these electric batteries. It goes basically from 20,000 to 80,000, in basically a day.

Okay? So four times, in one day. So let me read this: This is from the Wall Street Journal.

GLENN: Listen to this. Have you read this, Carol?

CAROL: Oh, I know this story. I do know this story. So we can talk about this.

GLENN: Yeah, this is crazy. Listen to this, America. This is craziness.

STU: Yeah.

So traders on the London Metal Exchange smelled blood, and nickel prices almost doubled in a short period of time. A Chinese company faced a 1 billion-dollar margin call. That exchange officials felt they couldn't meet. Rather than let it fail, which would have probably taken down several of the smaller brokers that serviced them. The London metals exchange decided to cancel all of the day's trading. More than 9,000 trades, worth about $4 billion.

It canceled the trades. Not because of a fat finger error. Which exchanges often cancel. Not because of a rogue algorithm, as regulators claimed in the 2010 flash crash in U.S. stocks, but because someone with too much leverage was going to blow up, with effects on some members of the exchange.

This moral hazard is taken to an extreme. It's always been true, that if you face a 100-dollar margin call, it's your problem. While if you have a one billion dollar margin call, it's the broker's problem. And the authorities might save them. What is almost unprecedented here. Is the exchange authorities decided to save them, with money taken from other traders, who otherwise would be sitting on fat profits.

I mean, you won. You picked the right direction. You've got these huge profits. And they cancel your trade, to save someone else.

GLENN: And it's China.

STU: And it's China.

GLENN: I mean, there is no such thing as a free market with this.

CAROL: No. This is another too big to fail scenario. It happened to be -- I believe it was an individual billionaire, who had made a short set against nickel. So he went in the other direction.

GLENN: Wow. I mean, then you don't -- you don't put the money down on the table. If you don't know what the odds are, and you're not willing to lose your money.

That's like going to Vegas, and -- and placing a huge bet, and when you lose it, you're like, hey.

You know, Caesars. I mean, this is crazy. And Caesars says, oh, we're not going to count that bet.

That doesn't happen!

CAROL: It's horrendous. And it goes back to the integrity of the market. And so many that the retail investors have been rallying against. And it's just another example. And there are big name banks involved. The exchange was actually shut down for multiple days, I believe. Before it started trading again.

And the people who made a bet, and decided to participate in the market, ended up getting screwed out of their profits. But they're never going to get the leniency, if it happens to them on the other side.

GLENN: No.

CAROL: And just the overall integrity, like you said. This is not a free market. It's not a fair market.

And we have too many of these big guys, who are being saved, at the expense, sometimes literally, sometimes figuratively, of the small guys, over and over and over again.

GLENN: And that's what I think people are so sick of.

And when they see this next crash. Especially with Janet Yellen saying, it will be equitable. When we reassemble, it will be equitable. What the hell does that mean? Probably stuff like this. And when they see the rich getting richer. And I don't mean a person who runs a business and may have a million dollars.

I mean the rich.

The elite of the elite. The BlackRocks of the world.

The banks of the world.

I just -- when their debt is being bailed out and real Americans are paying huge money for their food and their gas. And then their home is taken, there's trouble. That's real trouble.


CAROL: Yeah. And unfortunately, that is the scenario. There's one thing to become wealthy, because you earned it in a fair playing field. That's something that we want to celebrate. But we do not want to celebrate, when the playing field is tilted. When somebody has their thumb on the scale. When we have this transfer of wealth from Main Street to Wall Street. Which has been going on for, you know -- in a very large part, for a decade and a half. But it has accelerated over the last year and a half. And, you know, we talk about all of this coming to fruition. And us losing reserve currency status. It's going to mean a slower economy for us. Because we are not in a position. We don't have the strong manufacturing face. Or a competitive pricing. To be able to export. So all these people are like, oh, that's great. We'll reshore the job. They're not thinking in context of the existing economic structure. It will be unfortunately, very painful. But just to have a moment of hope here, Glenn. Because this is really doom and gloom. Is you have to remember, in any time of pain, there's always opportunities. So it is incumbent upon you, to find where those opportunities are. And what --

GLENN: So average person is saying, what is that opportunity?

CAROL: Yeah. It's finding the things that have inelastic demand. Meaning, people will pay prices even when they're continuing to increase and making investments and those kinds of things. Or retooling your business. To be servicing those markets. It's those kinds of shifts, where you have to look for those hidden opportunities.

In what could be a completely new economic scenario for us, going forward.

GLENN: I -- I think what you just said, translates to what I just told my kids.

You get into the job market. You have to be the most effective, efficient, and hard-working employee. Even if you're not at the top of the food chain, you have to be the one that the boss says, oh, we can't.

Because he'll do everything. I mean, he's a little bit. I mean, he works like crazy. You have to be that person. Right?

CAROL: Absolutely. Absolutely. Invest in yourself. And make yourself indispensable to a customer or to somebody that you're working for.

It's a huge competitive differentiation that will only get more important.
GLENN: I would love to have you on, maybe early next week. I just had one of my producers put some stats together on inflation.
And what that actually means to people. I mean, when Biden got in, a hamburger. An average hamburger was $4.40.

Today, that average burger is 601. And if we look at what they say, things are going to be, you know, with -- with the -- what are they saying? 7.9 percent inflation.

That number is going to be $7 force a burger by the time of the next election. I don't think that stat is right. You want to compare apples to apples. Look at how they measured it back in the 1970s and '80s, when we hit it before. That would mean that that hamburger would go from $4.40, to almost $8 by the time we hit a presidential election.

I just want to talk to you about inflation. And how to beat that.

CAROL: Plenty to talk about, would love to.

GLENN: Thank you very much, girl. Appreciate it. Carol Roth. The name of the book is War on Small Business. Make sure you pick it up.

RADIO

Glenn: Far-left is RUINING COMEDY

The far-left ruins nearly everything is touches. Thankfully, as proven in a recently released statement from M&Ms, large corporations are beginning to learn that consumers are tired of their woke policies. But there’s still one, major component of society that’s at risk of succumbing to the far-left’s cold, evil touch: Comedy. In this clip, Glenn explains how the left is RUINING comedy because it makes you happy and they HATE that you can enjoy life with them…

Transcript

Below is a rush transcript that may contain errors

GLENN: I want to talk to you a little bit about the loss of meaning. This is one reason, I just when we such high suicidal rates now. Is because nothing is true. Nothing means anything.

Okay?

Nothing. Nothing.

And the things that are given meaning, are ridiculous. Okay?

Like, for instance, race. It's ridiculous. Why are we arguing about race?

Race doesn't make a difference. Nothing. Nothing.

It's the -- the merit inside of each of us. It is what you do with your life.

Everything that is given power today, is meaningless. And it's all part of that woke culture.

Last year, and I can't -- I can't take this. And I'm going to be going to address this once. Last year, the M&M spokescandies. There's no such thing as a spokes candy.

Got a refreshed look to reflect today's society. I don't know about you.

But as I'm getting ready to watch a movie, and I see the M&M guys strapped to that rocket, about to go off, all I'm thinking is, can we stop with this stupid commercial?

I've got my box of M&Ms. I want to watch the movie. I don't ever really fear for their life. But maybe that's me. Yesterday, the M&M brand continues, quote, to evolve, to reflect a more dynamic progressive world, that we live in.

Now, our lives were destroyed by, you know, the women -- you know, the womanly green M&M. And our life has been made much richer, when she became nonbinary. I don't know about you. Yesterday, the M&M Mars company made a statement announcing an indefinite pause on their spokes candies. Because they realize that even a candied shoe can be polarizing. Which is the last thing that M&Ms wanted, because they were just trying to bring people together. Really?

So their new spokesperson is Maya Rudolph, who spent three years on Saturday Night Live. You can find her funny or not find her funny. You know, whatever. The company says, they chose her, because they want to make things fun again. And she's still inclusive. Really?

Because here's the problem. You could have Jesus. But the minute Jesus comes down and your candy company says, say these lines, and they're woke lines, you know, a lot of people will be turned off by that. So you really stopped being inclusive. Name one figure that is inclusive right now, that's not polarizing to at least half the country.

Okay?

The reason why, because you have to play the game. If you're going to work for these companies, you have to have the right words, acronyms, slogans, you know, race.

This is inherently noninclusive. But I digress. So they're making this statement. And what a surprise. Right before the Super Bowl. And companies are learning, go woke. Go broke.

We're tired of companies trying to do more, than what we're asking them to do. When it comes to M&Ms. Here's what I want you to do: Make a yummy chocolate candy.

I don't even care if it melts in my hand. Because I got past that lie of yours, when I was seven. They do melt in my hand.

But they're yummy. You and your stupid spokes candy make no difference in my life, or the life of anyone in the world.

Your candy might. But the spokes candy doesn't.

No one ever, anywhere, in all of time, will say, you know, I was a once a little girl who thought I couldn't make it. But then that candy company put their yellow M&M, in comfortable sling back shoes, instead of the go-go boots. And I realized, I can do it. I am important.

It's not going to happen.

Now, go woke, go broke. Also applies to comedy.

The new woke Velma, people are surprised this is a disaster. I didn't even have to watch it. I could have told you, it was a disaster.

This is the HBO Scooby-Doo spin-off, which do not even include Scooby-Doo. Shaggy has been replaced by a black man named Norville. Fred is the only white character. So he's evil. He's a privileged misogynist. Who can't dress or feed himself.

Velma is a black Asian. And Daphne is half Asian and half white. And they're both bisexual. Obviously, there's more than one lesbian kissing scene.

Another scene features teenage boys kissing. And there's plenty examples of doinks. Sexualizing children.

So what happens when you let woke bullies take control of what should be considered funny?

See, they do what they always do. They don't write comedy. Because they don't believe comedy is funny.

They believe comedy -- you're not supposed to laugh. You're supposed to clap angrily. Yes! Finally!

They're making out. Yes. That's what their comedy is.

Now, I'm not against satire. Laughter is the test of truth. A joke is playful judgment.

It conceals the ugliness of the world. And it uncovers the ugliness of the world.

And leftists. Boy, they are not a group winning many beauty contests lately.

This is literally the subplot of one of the Velma episodes. Now, weird thing is that even the left, doesn't like the Velma show.

They don't like it. They got making out lesbians, and the white guys -- they don't like it. The telegraph called it the most hated TV series on TV.

It has four episodes out. Velma is already -- already the worst rated TV show in IMDB history. Its audience score is six.

But as always, the left isn't taking responsibility for their bad behavior. A review in Forbes said that Velma is so bad, in fact, that it's spawning conspiracy theories, that creator Mindy Kaling, made what is essentially a parody of what the right-wing thinks left comedy is really like.

What? What a stupid plan that would be. It's a common tactic, if a woke comedy fails, which it always does. They blame us. Conspiracy theorist.

The left loves to whine about the dangers of right-wing humor. I don't know if you saw this. But the European Union just released an 18-page report. The European Union. That's a government body, by the way.

An 18-page report, on how right-wing comedy is a weapon.

Now, if a conservative, or a comedian just accidentally stumbles on a conservative joke, even by accident. Wait a minute. I didn't mean that.

No. I voted for Obama.

The left immediately destroys that person. And that joke, he meant that literally. He meant that.

When -- when he was drawing Yosemite Sam, and he was shooting. He meant that all people are like Yosemite Sam, and they should kill all people that are not like Yosemite Sam. What are you talking about?

The gist of their right-wing comedy argument is conservatives shouldn't be allowed to make jokes.

Because their humor is actually a complex. And when they say complex, they mean a mental illness. Literally, it's a mental illness.

And all they're doing is calling for violence. Ironically, a Pew study from 2020 proves kind of the opposite. I'm quoting.

White liberals disproportionately suffer from mental illness. Let me tell you, it's not even a competition. Masks? That has become a mental illness. There is -- there is no reason to wear a mask. That -- that fraud has been exposed long ago. Why are you still wearing a mask?

You have a mental illness at this point. They claim that conservatism is incompatible with political humor. And that liberalism suits it quite nicely. They say conservatism supports institutions. Which is ridiculous. Because at this point, the leftists are the institutions.

You know, they're at a drunk, at a karaoke bar. I can sing.

I'm so much better than you can sing.

I mean, they think they are capable of humor, because as the author about the book of right-wing comedy wrote, liberals are inherently free thinking. So here's what all of this is really all about.

Liberals don't like the fact that you can laugh. You know, what they hated about Ronald Reagan the most? He was happy.

He was funny. He was normal. They hated that.

Hated that. He makes jokes.

Oh, my gosh. They hate -- you can have fun, without them. That you can be successful, without them.

They hate what makes you happy. They hate what gives you meaning in life.

They hate what would give them meaning in life.

They really hate that we can laugh about ourselves.

They don't do a lot of laughing. I don't know if you've known that. I don't think I've seen many of them really laugh. I've seen them, ha, ha, ha, that's right. You stick it to them. I have seen that a lot.

Lorne Michaels, the creator of Saturday Night Live. He said in an interview, the reason why SNL tends to roast conservatives more than liberals, is, quote Republicans are easier than Democrats.

Democrats tend to take it personally. Republicans think it's funny.

There is nothing funnier, to me, than someone wrecking me.

You'll hear that a lot on the show. I pay these guys a lot of money. If it bothered me, it would stop, would it not stop, Stu?

STU: Oh, yeah. I built my career, on making fun of you.

GLENN: Exactly right. And who encourages it more than anybody else?

STU: You do.

GLENN: Exactly right. If you can't laugh at yourself, then what -- who are you?

Who do you think you are? The M&M Mars company?

With their dopey spokes candy? That's important.

That's really important. You know, so we're going to give them a message of hope and inspiration and fun.

See, conservatives think that their sincerity on their spokes candy, is funny.

They don't get the joke

RADIO

How Vatican City’s DARK SECRETS are relevant to YOU

The true reason why Pope Benedict retired from his position in 2013 — the first time it had been done in nearly 600 years — remains a mystery (though, the fact that Vatican City’s ATM transactions began working again right after his announcement leaves many to believe he was pressured into the decision). But now, an Archbishop who worked closely with Benedict is publishing a tell-all book that may expose several of Vatican City’s scandals, ones the Pope was investigating. Dr. Taylor Marshall, author of ‘Infiltration,’ joins Glenn to detail not only these dark secrets, but also how they represent a type of evil that is NOT exclusive to the Catholic Church. Rather, Dr. Marshall explains how this story relates to us ALL: ‘Ultimately, evil wants to take ownership and brand your mind and control your thoughts. And that's where all the tentacles are reaching.’

Transcript

Below is a rush transcript that may contain errors

GLENN: Dr. Taylor Marshall is with us now.
The author of Infiltration.

The infiltration of the Catholic Church. The plot to destroy the church from within.

This is a universal story now. Doctor, welcome to the program. How are you?

TAYLOR: I'm great. Thanks for having me on, Glenn.

GLENN: You bet. So we follow your work a great deal because you talk about other things, other than Catholic things.

But I want to make sure people understand, right from the beginning.

We are not taking on the Catholic Church, and this is not a Catholic bash session.

TAYLOR: No. Not at all. And I consider myself a Catholic. I attend mass every day, sometimes more. I have a beautiful Catholic family. We have eight children.

GLENN: Jeez.

TAYLOR: And I love Christ. I love -- I love the church.

And that -- that bothers me, that there's these wolves in sheep's clothing. In shepherd's clothing even, doing horrible things to children, to bank finances, to all kinds of scandals.

GLENN: Right.

TAYLOR: And I think the answer is to just shine light on it, and expose it. So we can have true change. And get things back on track, the way we want them.

GLENN: And there will be a lot of Catholics that listen and will hear you, like Nancy Pelosi, who consider themselves Catholic. That will disagree, strongly with with some of the things that you're saying. But I think that's the point.

Because there is this kind of feeling among Catholics about Pope Francis. Is he a good guy? Is he a bad guy?

I don't know if we'll ever get to that question. But I want to talk about Pope Benedict. Because this was very bizarre, when Pope Benedict resigned.

I think it was the first time, right?
Where he resigned.

TAYLOR: Well, it's the first time in 597 years. So it's been a while. It's pretty rare.

GLENN: Yeah. Right.

And when he resigned, it seemed very odd. It was preceded by European banks, pulling the plug on the Vatican bank. Right?

TAYLOR: Yeah. That's correct. Well, actually if we go back a little bit more. A few months before the Vatican bank having a -- kind of a meltdown.

There was the butler of Pope Benedict. His name was Paulo HEP Gabrielli, and he was leaking documents to the press and to journalists. And no one knew how this was happening. And finally, he was caught.

He pled guilty. And he was sentenced to prison, in the Vatican. And Pope Benedict oddly pardoned him. And that led to the whole investigation, that was headed up by Benedict. A secret investigation. Three cardinals did it. They presented to him. The sources say one or two red binders, of all kinds of filth in it.

Bank scandals. There's rumored to be pictures of cardinals in drag, in those binders. All kinds of nasty things.

GLENN: Oh, my gosh.

TAYLOR: And that all happened in December of 2012.

And then January 1st of '13, the -- the Vatican museums cannot process money.

The ATM machines in Vatican City stopped working.

And shortly thereafter, we have the announcement of Pope Benedict, that he's going to resign. The very next day, all those banking problems were fixed. They were resolved. By the way, the night that Pope Benedict announced he was going to resign. That was the night that (?) which was a sign for a lot of people.

GLENN: So -- so this is right along the lines of what we're seeing in the Deep State in the United States.

We are seeing with World Economic Forum, which I know you are very well aware of.

Are you -- are you -- is there any evidence, that this banking thing was to put pressure on the pope, get out?

TAYLOR: I think so. And the reason for this. And you say Deep State. And I think we really need to. Everyone needs to put in their vote. (?) deep church. The same thing that is happening in state, is happening in the church. We can refer to Deep State and deep church.

GLENN: And it's not just the Catholic Church. These people have been working behind the scenes for years.

TAYLOR: Yes. And you have to remember that the Vatican is unique, in that the Vatican is its own nation. It's called a city state. It has its own sovereignty. Technical, Vatican (?) it's it's own micro country. And as its own micro country, it has its own bank. Now, I want (?) a mob boss. Your biggest problem, is what do you do with all this money?

GLENN: Is the bank.

TAYLOR: You have to launder. You have to get it into legit means and move it around, right?

And what if there were a bank on earth, that belonged to a micro nation, that was not regulated by the EU. That was not regulated or audited by anyone on the outside.

Well, there is that bank in the world. And that bank is called the Vatican bank. So err crony on earth wants a piece of that bank.

Because you can legitimatize legitimate money. That's why the Vatican (?) almost every five to ten years. Since the 1960s.

The temptation to use that Vatican bank is high. And the temptation for corrupt cardinals in the church, that led people to get their fingers in the pie. Is also very high. That's only one piece of this puzzle. But I think that helps people to understand why the Vatican bank is constantly plagued with scandals.

GLENN: Okay. So let me make sure I understand the good guy here. Benedict. Is it your thesis that Benedict was working to end all that corruption and expose it. And possibly his (?) was being used by Pope Benedict. To out all of this stuff.

And -- go ahead.

TAYLOR: Yeah. Those are questions that we're still trying to figure out. I want to be very careful not to say, Pope Benedict was the super saint mastermind playing (?) this is an old man, who is in his 80s. I mean, it's -- very few of us have had the experience of being old and tired and surrounded.

And so I don't think we could make it just as easy as the good guys and the bad guys here. But definitely Pope Benedict was doing investigations.

And he appointed a man who was becoming very famous in the last couple of years. Archbishop (?)

GLENN: I love him.

ADAM: Yeah, he's great. He's a good guy.

He appointed him, back in -- I think it was 2009. He appointed him, secretary general of the Vatican City.

And this is sort of a ruling body. And he wanted him to look into the financial accountability of the Vatican bank.

And as soon as he was hired by Benedict for this job, he found a -- a negative deficit of the equivalent of 10.5 million. And then found a surplus of random money that was in various bank accounts of 44 million. He did that in just 12 months. Viganò did. (?) which shows you that the people who were already in there, were playing fast and loose with accounting.

Viganò (?) some cardinals. I won't go into all the names. But if you want them, I can give them to you.

GLENN: No, no. That's all right.

TAYLOR: And he got in big trouble. So what did Benedict did? He took Viganò. (?) the apostolic, (?) the ambassador to America. Washington, DC. Now I want you toggle and do an audit on the American bishops (?) and the American Catholic Church. That's what Viganò did. (?) and guess, what he undercovered (?) archbishop of DC. Who was molesting children. Embezzling money. Just a wicked Judas of a man. Viganò (?) five years, pointing the finger at Francis for corruption.

So all these characters are woven together. It's a pretty small world, in the Vatican.

GLENN: So let me switch topics here and kind of go to what happened, what? Yesterday or the day before. Unprecedented. The pope writes a book. And it's held until after his death. And he just exposes some really nasty things. And I want to get into your thoughts on that. What did he say?

Why did he wait in and what is going to be the fallout (?) for everybody else in all of our churches that aren't Catholic?

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(music)
So it was a tell-all memorandum with our. And it was -- (?) it was a book of really unexpected Revelations. And it came from the Vatican. It came from the archbishop. Who was the right-hand man of Pope Benedict.

And it was supposedly written by the two of them. I think?

Or Pope Benedict. And it exposes all of the things pope been ticket wanted to expose.

And it's some nasty exposé.

Never really done before.

Am I right?

TAYLOR: Yeah. As far as I know, it's never been done.

There was a rumor, that Pope Benedict was going to release his final spiritual testimony after he died. And after he died, it came out. Everybody said, it was a nothing burger. Kind of reminisced about his childhood and family. Then (?) I actually have an advanced English copy.

I don't know if he's official or not. I'll read you a section of it. This is Pope Benedict.

Quote, in several (?) were formed. Which acted more or less openly. And which clearly changed the atmosphere in seminaries. In a seminary in southern Germany, candidates for the priesthood, and candidates fort (?) lived together.

And it goes on. He talks about also the American bishops. And how they sort of lost their vision for the gospel. For assisting the poor. For preaching the truth. Drawing people to Jesus Christ.

And instead, kind of just became -- not in his words. But sort of the chaplains to the Democratic Party. You know, the woke agenda. The Great Reset.

And this kind of makes sense. I mean, if you're Satan, you want to be in the highest corridors of power.

And that has to do with both religion and politics.

And there was a woman aliened bella Dodd. Who in the '50s said (?) she was a communist operator. She had a big conversion. And she said, she had placed over a thousand communist men in the seminaries. That was back then.

So this kind of thing was happening. And it's -- it's just like we have a Deep State. This is the Deep Church.

STU: Right.

GLENN: So Pope Francis recently came out and said, the devil is among us.

And he has talked about a great evil.

It sounds like this is what Benedict was also warning against.

But I don't think they see things the same way.

Or do they?

TAYLOR: Well, I liked your comment (?) evil. But they seem to be pointing at one another.

GLENN: Right.

TAYLOR: I think that's -- I think your observation there was a good one. I think there's definitely a war in the Vatican. And this kind of goes back to the '60s. There was this countless. You mentioned in the video, there B (?) third secret of Fatima. In the 1960s, or the second (?) from 1962, to 1965, it was super optimistic. You know, this is the era of color TV. And moon landings and all this.

GLENN: Yeah.

TAYLOR: And there's this idea, we need to make Christianity. We need to make Catholicism groovy.
(laughter)

GLENN: And that's exactly the right word too.

Because those kinds of churches are just as hip as groovy is. They work just as well.

TAYLOR: Yep. And so there's this idea, we can update and make things cool. So we'll change the liturgy. We'll change the hymns. We'll make things modern. And what we'll do is just give a face-lift to Catholicism, so it's not medieval.

And bells and ropes. And we'll just be really cool.

Well, there's been this battle for the past 60 years on whether that is an actual improvement. Or it's been detrimental.

And it goes hand in hand with the global political agenda.

Should wen on board. Should we be downplaying abortion? Downplaying gay marriage?

You know, and this has been the battle. And the lines are kind of drawn along that fault line.

And I think Benedict, the 16th, as a young man. Was a little bit liberal and more modern. As he aged, as he was a pope. He turned the wheel right. Francis has always been a South American liberation theology, radical, Jesuit. Modernist. And that's just who he is.

And he has -- if anything, he's only gotten more and more leftist, the longer he lives, and the longer he's pope.

GLENN: Go ahead. Go ahead. No, no, no. Go ahead.

TAYLOR: So by having these two catches. You see Pope Francis, for example, he's trying to ban the traditional Latin (?) the Gregorian chant. He doesn't likable the old stuff.

And he's very much (?) on board with like, the vaccine and the theology.

And the great reset.

And he sends representatives to Davos. I mean, this is his worldview. And so when he talks about the devil. I'm not so reason he's talking about the same person that Benedict is talking about.

GLENN: Right. So when I was at the Vatican, this is under Benedict. I had no idea why they did this. It was a surprise to me.

But I was allowed to go to the secret archives with the chief archivist. And the head of the university. Both of them were the -- you know, counselors to the pope, at the time.

And they talked about a war, in the Vatican. And it -- it was described to me, later by a cardinal, as really, truly a Civil War. And they were saying, it's the soul of the church. And we kind of hope Benedict wins. And it's not clear at all. It was shortly after that, that Benedict retired.

And it seemed like almost in retrospect, almost as if the cardinals knew, this could be a possibility. That he would either be killed. Or he would have to retire.

I would like to have you talk about the actual -- it's almost did a vast majority of codish. I hate to say that. But it's almost Da Vinci Code. There is a group inside. (?) how real is this. And does this play at all, into prophecies. Catholic prophecies about these days.

Back in just a second. If you want to hear more from Dr. Tailor marshal. Go to you get.com. (?) Dr. Tailor marshal. He has all kinds of videos up there. And he doesn't just talk about the Catholic Church.

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(music)

STU: Head over to BlazeTV.com/Glenn. Use the promo code Glenn. You'll save ten bucks. More with Taylor marshal, coming up.
(OUT AT 9:28AM)

GLENN: Welcome to the Glenn Beck Program. Today, we're talking to tailor marshal, author of infiltration. Also, host of the Dr. Tailor marshal podcast you can find on YouTube. He talks about (?) a lot of things.

But he is -- he is a very strong Catholic, and this week, we are talking to him about what Pope Benedict did after his death, just a book -- a book just came out. No one in America is talking about it.

And I don't know if anybody in Europe is really talking about it. But it is earth-shattering. And it's all about evil. And evil is becoming more and more clear. At least to me, it is. And before we go on to the war that is going on in the deep church, archbishop Viganò, (?) at one point here recently called out, George Soros, Klaus Schwab, and Bill Gates. And this is the guy who was calling out all the pedophiles, and the banking scandals. Why did he call those three out?

TAYLOR: Well, as time goes on, we see that the deep church and the Deep State, the puppet strings all lead back to the same fingers. So, of course, Bill Gates, Klaus Schwab. The usual suspects. Because you have to realize that the most powerful people in the Deep State, the most -- the billionaires, and the -- the technology giants. They have a strategy, not just for politics. But also for economics. They have a policy -- and they have a policy for religion.

I mean, all the great tyrants also have to control religion.

I mean, that has to be done. This is thought control. And the most powerful thoughts that people have. The powerful feelings they have, is almost always associated to their religion. To their faith. To their convictions.

And so this has to be controlled.

GLENN: Correct.

ADAM: And the biggest united religion on earth is Catholicism, with a very centralized nervous system in Vatican City. So, of course, they will go after that. And archbishop Viganò (?) who exposed corruption in the Vatican vein. Who worked in Washington, DC. He knows the Clintons. He knows the Obama's. He knows all these people. And he's met every single Catholic bishop in America. And all the cardinals in America.

He has the receipts. And so he's a in a very unique position, perhaps more than anyone alive. To have worked in the Vatican, in DC, and to see all these things at the time.

GLENN: He's very clear on good and evil. And he -- didn't he say this is a one world government, that is being built by those people in the WEF. And it's one world religion and everything else.

That's what he's really warning about, isn't he?

ADAM: Exactly (?) during the campaign. In fact, he even sent a message during one of the major rallies, that I read from the Supreme Court steps, on behalf of archbishop Viganò. (?)

GLENN: Would you please put a good word for me? I've tried to have him on a billion times. We don't get a response. I would love to do a podcast with him.

TAYLOR: Well, he's in hiding.

GLENN: Well,ening --

TAYLOR: For obvious reasons. But, yes.

GLENN: Okay.

TAYLOR: We can work something out. But he is really one of the most dynamic voices on earth, in particular within for -- for Catholics. Or you could say Christians, who have just had enough. You know, who have just had enough of basically politicizing our faith, so that the likes of Bill Gates can grab up more land. And push more experimental medical procedures on the world.

GLENN: So day before so let me -- let me ask you the -- the third secret of Fatima. And if people don't know what Fatima is, it's -- it's a miracle that happened, what?

Right before the --

TAYLOR: 1970s.

GLENN: Right before the war. And the Virgin Mary came. And appeared to the children. And said, look, there's going to be a war. It's Russia that's behind a lot of this error.

And Russia needs to be turned over to the Lord.

And their hearts changed. And gave, I think three secrets.

And the last one was kept secret

And it's confusing now, because it supposedly has been revealed.

But then I think Benedict hinted that it really hadn't been revealed.

But it talks about the last black pope, if you will. And I don't mean it as color of your race. I mean as a dark figure, that he's on the wrong side.

Is that true? And do you and others, does very good no believe this is those times? (?) or we're approaching them?

TAYLOR: Yes. I think that the Fatima mystery, and the three secrets of Fatima. In my book, infiltration, it's the very first part of the book. I won't get into all the details. People can look into it, themselves. There's tons of literature on it. (?) maybe since Moses crossing the Red Sea. I know that sounds sensational (?) that was witnessed in a place, a little tiny place.

Fatima, Portugal. And, yes, there were three secrets that were revealed. Just quickly, (?) and people were going there.

Don't listen to people who tell you, there's no hell. Number two, Russia needs to be consecrated.

Russia, the errors of Russia, are about to spill into the entire world. Over the -- this was documented in 1917.

GLENN: Right.

TAYLOR: And what did we see? We saw the rise of communism, (?)

GLENN: National socialism. All of it.

TAYLOR: Cuba. Latin America. What happened in 1917? Either these little kids were just drilling it, you know -- politicians who can see the next hundred years. Or this was really a message from heaven. Then the third secret was written down.

And was supposed to be opened and read to the world, in 1960. Sixty. It's a special message to the world.

And everyone. Even the New York Times was publishing, orientation my goodness, we're go B to have the secret of Fatima. (?) it was a really big deal.

A lot of people forgot it. It was a really big deal.

GLENN: Nobody (?) seemed to release. And you're like, why?

Why hasn't it been released?

TAYLOR: And the secret, talking about a world war, and a worst one after that. Everything that was revealed. Did come after it. So everybody wanted to come in the envelope, what in the envelope (?) John the 23rd opens it. Reads it. Puts it back in. And says, this is not for our time. I'm not releasing it to the world.

And everyone was ticked. Everyone was upset. Exo. This is perhaps the greatest prophetic thing that happened in the last 700 years. And you won't reveal it.

So that was 1959. 1960.

Then something was released in the (?) allegedly the third secret.

As soon as it came out, people questioned it. Because it describes a vision of what seems ton some kind of post-war dystopia. But it doesn't explain what it is, or what should happen. Or what we should do. Like, there's the explanation part that we had in the first and second secret. Is missing in the third secret. This has led to a unanimous agreement by scholars, even people who weren't Catholic. What they gave us in the year 2000, was maybe part of it. But it wasn't the full secret. And why don't we have the full secret. There's people who have speculated. There are people who read it, (?) it has to do with the bad counsel.

With a bad mass.

GLENN: And with -- and with a meeting in Russia, that the pope will go to Russia.

And not to consecrate Russia.

TAYLOR: Yeah. It's hard to know. Because we don't have it. We just (?) kind of get drippings of what it could be. But we do know that Russia is at the center of this whole thing. And we're still living in 2023.

It would be great to get the full secret. To know what it actually says. But my worry is that they put it into a filing cabinet, called trash can. And we may never see it.

That's my concern.

GLENN: I -- I -- Dr. Marshall, we could talk for a long time. I have so many questions for you. But we're almost out of time.

Tell me how this relates.

What's going on in the Catholic Church. Which is a real, true Civil War for the soul.

Just like we're battling for the soul of America in the country. And the West. Everything is being split.

How does this relate? What's going on in being exposed in the Vatican to all of our other churches?

TAYLOR: Well, I think at his it goes back to thought control. They want to control our actions. They want to control our words. You know, if you say certain things, you will be canceled. Just look at what Elon Musk was exposed to in the last several months. And then they ultimately want to control your thoughts.

People want to (?) 666 on the forehead. All of that. Think of the significance of the forehad he. I mean, that is branding. The sign of the devil, upon your mind.

You know, the -- yes. There very much could be a physical manifestation of a sign on your forehead. But ultimately, evil wants to take ownership, and brand your mind. And control your thoughts. And that's where all the tentacles are reaching. This complete thought control.

You will own nothing. You will have nothing of your own. You won't even have your thoughts. And allegedly, we will be happy. Is what they tell us, at the great reset.

GLENN: It's actually -- it's actually in one of their videos. That even your thoughts. Your dreams will be known. So you really will not control your thoughts or be in charge of your thoughts. You will not know which are your thoughts or their thoughts.

It's really spooky.

TAYLOR: That's ultimately, the mark of the beast there. You have 666 on your forehead, literally. Whether it's a contraption. Whether it's a tattoo. We debate that all day. But the significance of that, is that your mind belongs to evil.

GLENN: And is there any doubt in your mind, that this is actual evil. Like we probably haven't seen since maybe the 1930s and '40s? Any doubt in your mind?

TAYLOR: There's no doubt in my mind. No doubt.

The powers. Back then, they have machine guns and planes. Now we have technology.

Now we -- people can spy on you through your phone.

They can control so much. And that hasn't yet been tested by tyrants. And so now we're starting to experience it.

GLENN: Thank you so much, doctor. I hope we get a chance to meet soon. I would love to get you on (?) and things you know about that, that I might have missed. You spread a lot of good, in the world, with your -- with your podcast. So thank you so much. At which time likewise.

GLENN: YouTube (?) really, really reasonable.

Well thought out man. His name is Dr. Tailor marshal. He is the author of the book (?) Taylor marshal podcast. You can find his podcast at YouTube.com/Dr. Taylor marshal.

RADIO

THIS is why global elites & the WEF want you to OWN NOTHING

Global elites and the World Economic Forum may be trying to hide it now, but they’ve clearly stated in the past that by 2030, they want you to ‘OWN NOTHING.’ And that goal, Glenn explains, run entirely oppositely to the principles on which America was founded. Ownership is a HUGE part of the American experiment, so what happens when it’s taken away from us? In this clip, Glenn is joined by Carol Roth, author of ‘The War On Small Business.’ She says the anti-ownership goal of global elites is making us into ‘indentured servants,’ and that there’s one, huge way we can all peacefully fight back…

Transcript

Below is a rush transcript that may contain errors

GLENN: Well, Carol, it's a new year. A new you.

How are you?

CAROL: You know, I'm doing well. I'm just making sure that my private jet is doing okay. Because, you know, there was a climate crisis going on. It was very important for me to go take my private jet to go talk about the climate crisis. And then have steak dinners, while I tell everybody that meat is bad. So just trying to get that all together.

GLENN: It is so crazy. By the way, did you hear today, let me see. It was just approved -- where is it? Where is it?

Yeah. The European Union just approved cricket powder, as a component of flower-based foods.

CAROL: Amazing. Amazing. Sounds tasty. Looking very forward to that.

GLENN: Yeah. I unfortunately have a deep allergy to crickets.

I can't have anything with crickets in it. It's too bad.

CAROL: We're all going to develop cricket allergies, as part of our crisis.

GLENN: Yes, and I want to play this clip. This is from the World Economic Forum, last week. Listen.

VOICE: What is a polycrisis? And how and when could it happen?

VOICE: We're actually in the midst of one at the moment. We have energy crisis and food crisis. And they're all happening at the same time. It's the set of concurrent cascading risks that happen at the same time.

So that's where we are today. That's 2023.

What we're seeing though, that in the two-year time frame. And the ten-year time frame, we're at the risk of more of these polycrises unfolding. Two years out, there's still a concern on the experts that we surveyed, that the cost of living will be number one. But at the same time, a big risk of natural disasters. Ten years out, it's all --

GLENN: It's all natural disasters. Nothing else, but natural disasters. She doesn't seem to find any irony in the fact that we're in an energy crisis and a food crisis and a trust crisis. When all of those come directly from the policies of the World Economic Forum.

CAROL: Yeah. First of all, I have to say it sounds more regal, if you say it with sort of a British accent.

Polycrisis sounds much more terrifying. So I think we should do that. But it is. It's so ironic that they're sitting here, and they're talking about the inflation.

They're talking about the energy issues. They're talking about the mistrust and disinformation that came from the policies, that stemmed from global governments, and the World Economic Forum.

I mean, they are the ones that shut down, and said, we need to have this wonderful Great Reset.

They're the ones. The central banks around the world. That printed trillions of dollars. They're the ones that moved away from traditional energy. Because of the push from the World Economic Forum. So they've caused these crisis. All of them. Except for this global climate emergency, that clearly no one is paying attention to.

So we now have to add into our polycrisis or have Al Gore go on an unhinged rant, to make it extra special.

GLENN: Can you give direct correlation to our inflation from ESG?

CAROL: 100 percent. If you think about what inflation looks like. A large percentage of that was gas. Some of that was shipping costs, related to the cost of gas. And then, you know, fossil fuels have 6,000 derivative products, that all thing up in price, because of the cost. And the cost went up because we didn't have enough supply. And we didn't have enough supply because of ESG policies. ESG policies directed capital away from investments in fossil fuel, to the extent that Saudi Arabia, and OPEC, says that we're underinvested by, like, $12.1 trillion over the next coming decades.

So by doing that, by ensuring that companies, who make the investments in drilling and processing, for fossil fuels. Couldn't do that.

They are directly attributable, to the increase in prices. As well as, you know, the obvious direct correlation to the increased energy prices.

GLENN: So here is something that you're hearing. And you're just hearing the setup, right now.

That the Republicans are going to be so dangerous on this debt ceiling. And we are just going to default on all of our debts. And we will have no credibility.

We have no credibility now. But we're not going to default on our debts. But they are talking about the debt ceiling.

Why should the average person care about this?

CAROL: So the reality is, we shouldn't care about the debt ceiling. We should care about spending.

I mean, the debt ceiling is just saying, we cannot finance our overspending with debt anymore. But they don't do that at the same time that they pass the bill. They do it after the fact. So they've already spent the money. And you have to pay for it.

Short-term, we're not going to default on -- on our debt. It's just stupid. We have plenty of assets, that we could lease or we could sell if we got into a pickle, or things that could be reconfigured around. But in the medium to long-term, the spending is unsustainable.

And so if you overspend, and you have a deficit, there are only so many ways to find it. And we're probably not selling off all our assets at this point in time.

So that means, we're going to finance it with debt. And it's just going to become by and large, and bigger. To the point, that it becomes unsustainable, from a tax standpoint. From a money printing and erosion of your wealth and value standpoint.

And so that's really the area that -- this whole debt thing is kind of the sideshow at the circus. We need to be focusing on the main act. And that is the spending.

And I said this before, Glenn. If we just rolled back, like, five years.

If we went back to 2018 spending, which, you know, two years before the pandemic. Or even the year before the pandemic, we would be running a surplus, we would be paying down debt.

Or 2018, we would be about breaking even. So it's not like we would have to change that much, to get this under control. And they refused to do it.

GLENN: Okay. There was a call last week, for a windfall tax on food companies.

I've never heard anything more dangerous and stupid than that.

CAROL: So there's a legendary investor named Charlie Munger. He's Warren Buffett's partner in Brookshire Hathaway, one of the best.

And he has this famous saying that says, show me the incentive, and I will show you the outcome.

The reality is that taxes influence behavior. And if you don't want something, you tax it. That's what you do. Right?

GLENN: Right. A tax on SUVs.

CAROL: Right. A tax on Sim products. Alcohol. We don't want them.

We tax those things. By the way, the things we want. We get tax credits.

GLENN: Marriage, kids. All of it. Yeah.

CAROL: So here's what you're saying. We're going to tax food. And it's saying, we do not want you to produce food.

Who says that, other than utterly nefarious, and crazy people, who want people to starve.

It is utter insanity. And the fact that people are like, oh, yeah. That makes a lot of sense.

We should definitely put a tax on food!

It's -- I mean --

GLENN: First of all, that -- that does not hurt anybody at Davos. But it hurts the very poorest among us, in the world.

And I'm not even talking about America. I mean the poor of the poor. And they're already in a food shortage. These people are so anti-human, they do want people to starve.

They also, you know, said that they are raising, I think it's $3 trillion, privately, and with the help of governments. To buy farmland. To buy up 30 percent of the land eventually, 50 percent, on the entire planet.

CAROL: Yeah.

GLENN: And they're talking about 30 percent by the end of this decade. And they're going to do it with fundraising. I mean, the guy who was talking about it, was -- was John Kerry.

I mean, it's insanity.

They -- when will people understand, they mean you will own nothing.

CAROL: Perhaps when they read my next book, which you have been instrumental in helping shape.

Which ironically, is called You Will Owe Nothing.

And connect the dots between all of these things that they are saying, and the destruction of our property rights and freedom.

I mean, when they come out and say, oh, you know, we -- you owe nothing. That's a right-wing conspiracy.

It's not. It was on their website. In an article in 2016, which now they -- I think they have pulled. So we --

GLENN: Yeah, they have. They have.

CAROL: We can use the wayback machine to resource it. Then they made a video that they put their logo on, that it was their first prediction.

So they're predicting the end of private property. This is not a coincidence. And, by the way, it's not like a cute little Jetsons fantasy. It's not Rosie the Robot folding your laundry. Like, these are scary things. But they're going, oh, this is going to be great for you.

This is not great. And so going through all the different things. That we've been talking about, ESG. The purchase of land by private individuals.

It is scary how much has been purchased by a small group of people, and as you said, the government is now paying to take some of that farmland, out of commission.

There are reasons for this. There are sort of empire cycle reasons for this. And there is a jockeying of the elite to put themselves in positions to rule.

GLENN: What do you mean an empire building process? What do you mean?

CAROL: End of empire. So basically, we are where the Romans were at one point in time. Where the British were. Where the Dutch were. And here's this sort of disconnect between high debt loads and power. And when we're in a high debt situation like the US is, and frankly a number of other countries, the people in charge get desperate. And they start doing desperate things. They never cut back on services.

They never try to salvage it. They just kind of run straight into that cliff. This has happened many, many times in history.

And we're moving in that direction. The elites see this.

So all these things we're seeing is basically them trying to reshape the outcome and put themselves up on top, by having you owe nothing.

GLENN: Correct.

I'm going to go back to owning nothing.

And the -- what that does to a nation, that was built around ownership.

That is a total reversal of the basic foundation of America, and most of the western world now.

More with Carol Roth. I'm sure you can -- can you order the -- the book yet?

CAROL: No. But you can sign up for more information at CarolRoth.com/Glenn.

And we'll let you know.

GLENN: Yeah. It will be a good book. I have seen the outlines. And it's really -- she's good.

All right. Donald wrote in about his dog's experience with Ruff Greens. He says, I've never seen my dog lick the bowl clean. I mean, she's licking the bowl clean all the time now.

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GLENN: So what does this mean, Carol, the -- the idea that you will own nothing, in a country that's whole identity and whole theory is that you can become wealthy. You can change your station by even landownership. Just being able to own something and call it yours, is fundamental to the American experiment.

What does that do to us?

CAROL: I mean, if you owe nothing, then the powers that be, own you.

It completely changes everything. It crushes the American dream. And it makes basically -- basically makes people indentured servants to the government.

And, you know, to some extent, big tech as well. I mean, that's really -- if you think about all these things that are being put out there, they sort of want to take your life and rent it back to you. Whether it be through a terms of service, or through, you know, dependence on the government. But that is the goal. They want that intradependence. They want you to not have freedom. Not to have agency. Not to make your own choice.

They want to control everything you do.

And it's coming from a wealth standpoint. It's coming from a technology standpoint. It's coming from a cultural standpoint.

Social credit. So, you know, really, this is -- this is a war. And this is one that you're going to have to fight, on multiple fronts. And at the end of the day, we need people to own everything.

We need you to have that ownership, so that you can fight back, and not be at their whim.

And not be an indentured servant to big technology, to big business, and to the global elites.

GLENN: If we don't stop the regulatory state, the unelected officials from just being able to introduce new rules on things.

If we don't stop that, you -- you won't own anything.

Because they will make it so onerous, that there's no way you could afford to own it. They don't have to take it. If you're so broke, there's nothing else you can do, but sell it.

CAROL: Yeah. It used to be when they were looking for riches, they would go out and invade another land. And they would take those riches. And obviously that's somewhat politically unpopular. But for whatever reason, this legal plunder, the idea that they're stealing our wealth and doing it in a legal way, because they're passing the rules and the regulations that we have to deal with, somehow is more palatable to people. And it shouldn't be. This is your wealth.

GLENN: That's the sheriff of Nottingham story. I mean, all the king did was just say, hey, what's yours is now mine.

CAROL: Right.

GLENN: Go, sheriff, go out and take it. And he would take it.

That's Robin Hood. This is the part they always get wrong. They think Robin Hood worked for the government.

No. Robin Hood was against the government. Because they were doing exactly what they were proposing to do, to the entire world now.

CAROL: Yeah. And if you look at just a case study, like Venezuela, who, you know, mid-last century was the fourth wealthiest nation in the world, and they used this rhetoric. They said, things are unequal. And we wanted to make it more fair.

So us and the government, we'll just nationalize everything.

We'll take it over, and you'll be so much better off. And with that, they went from the fourth wealthiest country in the world, to, you know, a recent study, showed that the median net worth of a person in Venezuela was zero! Literally zero.

So that is, you know, a very clear case study on how quickly it can happen.

To say, it will never happen here in America. Ten years ago, 15 years ago, maybe I agree with you, Glenn. But look at what just happened over the past few years. Look at the level of compliance, with these COVID rules and regulations. They took away people's jobs and livelihood. Of course, they're going to continue down.

GLENN: I remember saying in 2008. We stay on this path, we will be Venezuela.

Venezuela had just really collapsed. And I realized at the time. And I said it at the time. It took 20 years, to take that strong state, that was the fourth wealthiest, and destroy it.

Well, we are now approaching a 20-year mark, where we have been doing it.

It's not out of the realm of possibility. In fact, every day we continue down this road, it becomes more likely. All right. Her new book coming out soon. You will own nothing.

CarolRoth.com/Glenn. Will get you all the information. CarolRoth.com/Glenn.
(music)
Carol, talk to you again.

CAROL: Thanks, Glenn.

RADIO

Glenn shares personal battles & tells parents: ‘You’re NOT ALONE’

It’s hard not to feel like a failure when your children are going through such hard times, Glenn says. But parents MUST remember that being a kid today is 100 percent different than what it was like when today’s adults were growing up. And things are REALLY tough today for kids. So, no, you’re not a failure. In this clip, Glenn shares some of his most recent parental battles, reminding other parents that you’re doing the best you can and that you are NOT ALONE.

Transcript

Below is a rush transcript that may contain errors

GLENN: I -- let me just address this real quick. I am going through something that I don't think is very different than every other parent in the country. We -- my family -- I've chosen to look at it as our family is currently being purified. There's some things that have -- that are going on. And they just have to be solved. And we'll all be stronger for it, when we get to the other side. It's getting to the other side, that is such an issue.

And it -- some of it has to do with mental health and, you know, on Tuesday, I was on the air, and we were talking about things that are going on in your household, that maybe, you know, or don't know. And I was at a complete loss of words. And Stu jokingly just to cover the awkward space said, I've never seen you at a loss for words. And that is because I was about to just spill everything, boughs I've had this ability given to me: When I am humble, when I am doing my job the right way, and when I am actually trying to serve you, I can feel you. I can feel when things connect with you.

I can feel -- I just can feel you. I don't know how to describe it. But I've had that ability for a long time.

And as I'm talking about this, I could feel an overwhelming sense of how many people are going through similar things that we're going through, except you're working 70 hours a week. You and your wife, or you and your husband, both have full-time jobs. And you're dealing with them in school. And the kids in school, and trying to keep that straight. You're trying to keep food on the table. And you don't have the time or the resources, that I have.

And I'm overwhelmed.

And I -- I don't know what to do. And I understand this world.

Probably better than others, as far as the mental health thing.

And I'm at a complete loss.

So, first of all, with be you're not alone, if you're going through things. You are not alone.

And I am going to double my effort to try to find answers.

You know, suicide is off the charts. Off the charts, with our children. It's doubled -- what is it 37 percent with male African-Americans?

Something like that. Some crazy stat. And no one is talking about it. And it is -- it has to do with our entire society. I don't know about you.

But, you know, when I was a kid, we used to walk to school. All of that bullcrap. You can look at the past and say, it wasn't that great. It had problems. Yeah. But at least there was truth.

At least -- at least we had people in the community, that felt like we did and we kind of helped each other out. We weren't trying to suck our kids into some sort of pedophilia ring, or -- or get them to change genders. Or whatever it is.

Society was basically stable, and we agreed, generally on right and wrong.

We don't anymore.

And so our kids go out, and they may -- you may be the only voices of sanity that they hear all day.

And I wouldn't want to be a kid. Would you want to be a kid today?

Going through.

Can you imagine. Can you imagine -- just think of yourself as a girl for a second. And, hey, there's nothing wrong with that, gentlemen.

Think of yourself as a teenage girl. You know, the stress of how they look. What they wear. All that bullcrap.

Can you imagine, you're on tape every day, or you're being recorded every day?

So you just want to go to school one day and just look like crap, or you just want to go to school and you have a bad day and you say something, do something, it's now there forever. And you can never, ever let it go.

Because it's there. Just imagine that pressure.

And then I think of the pressure of you. You know, there's this pressure of you've got to do your best.

Well, I've done my best. I've absolutely done my best.

I have done everything I possibly can. And it still feels at times, like failure. It's not.

It's really not. But it will feel that way. And you don't -- if you're like me. There are times, that you want to look at your kids and go, suck it up, buttercup. You know, when I was a kid -- but we cannot compare these times to the times that we lived in, because everything was different.

And, you know, I just think of -- I just think of church

Do you know -- if you don't live in a community where the majority of people go to church. And, you know what, there are bad Christians. There's bad Jews.

There's bad atheists. I get it, whatever. Not everybody that goes to church is a good person.

But at least the society is kind of trying to bend that way. Where now society, if you're -- if you're in a place where there is -- where there are not godly people. People searching for God at least, I don't know how you do it. And it's going to get worse. It's going to get harder. Because the options of God.

I mean, think of going to church now. I mean, I go to church. And we still dress up. And wear a tie and everything else.

And, oh. That's the hardest thing. Well, that and actually living by the principles. That's the hardest thing. That's not going to get easier. And it's certainly not going to become more popular. The choices that our kids will be offered, will be really easy and enticing.


And if we can't get them to see the truth, no one in their life, in this atmosphere, that they're just going to bump into the streets. Odds are, they're not going to help them make good choices.

So how do we do it?

How do we do it?

And how do we keep our life on track? I know you're working. I mean, I assume you're working. There are probably some people like, yeah. I'm living off the government. Pretty sweet.

Probably not this audience. Working hard. Trying to keep -- just all I want. My children to be happy. You know, we had a therapist, that was, you know -- she was like, she just started with us. One of -- I can't tell you this part. My daughter wants to be an actress. So this therapist was talking generally about things. And she's like, you know, sometimes parents they want their kids to be a certain thing or be a certain way. So they -- you know, without knowing, they're encouraging.

And I said, I'll stop you right there. I would -- I would give up everything, if my daughter would go, I don't want to be an actress. I would celebrate. Fireworks. I would give away my house, if I could get that to happen. I so do not want to send her into the -- into the mouth of the lion.

And yet, I help her every night, learn her lines. I -- I help her with her acting skills. I drive her. And so does her mom, 30 miles away, every single night. Six nights a week, so she can go practice and be in shows.

So I get it. We're good parents. You're a good parent. You're doing the best you can.

We're just living in different times.

I hope this makes sense to you. And if it didn't, oh, well.