RADIOMarch 04, 2022

Where’s the TRUTH amid the Ukraine, Russia conflict?

Glenn’s job is to tell you the TRUTH, but when it comes to some details from the Ukraine/Russia conflict, currently he’s struggling to find it. Why? Because everything on social media is filtered, everything from the mainstream media or our White House is partisan, and there’s propaganda coming from BOTH sides. There may be a clear good guy and bad guy, but so many details and decisions still remain ‘in the fog of war,’ Glenn says. ‘My problem with this is [that] everybody is just jumping onto a bandwagon. And if you disagree or question and say, hey, let's not race to World War III…you're of course an enemy.’

Transcript

Below is a rush transcript that may contain errors

GLENN: All right. So Kamala Harris has been doing the morning shows. And she was explaining how tough these sanctions are, on Russia.

Here she is.

VOICE: Is that something that the administration would consider in terms of further sanctions, cutting off the oil and gas, part of the economy?

GLENN: Stop for just a second. Just a second.

Is that something that the administration would -- would consider adding, in the future.

Cutting off the Russian oil supply.

Is that something they would consider?

See, I would think that that's where we would start. You know what I mean?

I would think, that's their major source of income.

Now, I'm not a balance a dancer. And I probably would not look good in a leotard. Probably.

However, if they hit me first, when they -- when they try to shut us down, if they hit me first, with no money from your balance a performances. I'm going to tell you, I'm going to cry. I'm going to weep. It's going to be terrible. Terrible.

Don't hit me, you know, like on the radio thing. Or the broadcasting thing. No, no, no, no.

A lot of my money comes through balance a dancing.

And then, if you say, I can't watch Batman. I can't -- what do you mean?

I'm going to have to wait? You're not going to give me an advanced showing of Batman? Are you out of your mind?

Between that and balance a dancing, how am I going to go on?

That's what Putin is thinking right now. So the question to our vice president is, would you guys consider cutting off his -- his money supply, by ban Russian oil exports?

VOICE: Is that something that the administration would consider in terms of further sanctions. Cutting off the oil and gas, part of the economy, for Russia?

GLENN: Consider. Listen to the answer.

VOICE: Well, as you know, that on this issue, for example, we applaud Germany, in terms of what it has done as it relates to Nord Stream 2. As it relates to what we need to do domestically, as well as what we need to do in terms of this issue generally, we have, as the president said, reevaluated what we're doing in terms of the strategic oil reserve here in the United States, to make sure --

GLENN: Stop. Anybody notice.

I mean, somebody. Please, send up a flare, if she gets close to answering the question. Just send up a flare. We'll come back to you.

STU: In terms of what?

GLENN: In terms of considering cutting the money off.

STU: In terms of oil? In terms of -- in terms of her answer of oil. In terms of that.

GLENN: Yeah. If you see that, just send up a flare.

STU: In terms of her answer? Okay. I mean, want to make sure I understand.

STU: In terms of her response to the question.

GLENN: So then she goes right into, as the president has said, we're addressing this now, with our strategic oil reserves. Now, let's just do a little math here. Okay.

First of all, we're talking about hurting the Russians.

Not America. Okay?

How do we cut their money off, from oil?

He's doing a bang-up job of cutting all our money off. By making oil and gasoline wildly expensive. Okay?

Hey. Don't you wish you could live up north right now, so you could pay for the oil and gas to heat your house?

Oh, my gosh. You and Boston must be having a blast right now.

Oh, by the way, in Boston, you're the one receiving the Russian oil.

All right. So we'll release the strategic oil reserve.

Let's look at those three words, shall we?

Strategic, oil, reserve. What does that imply? Well, it's a place you put oil, right?

STU: Uh-huh.

In terms of oil.

GLENN: You're reserving it, okay?

And you're reserving it for what?

STU: Some sort of strategic purpose.

GLENN: Huh. What is that?

Well, it's certainly not higher prices. The strategic oil reserve, is something we started, because when we got into global war, we went, jeez. If somebody cuts off our oil. We better have enough oil, so we can make the fuel for our planes and aircraft carriers.

That's what the strategic oil reserve is for.

Now, you know, it's not like we're on the edge of World War III.
It's not like we have a -- a global conflict.

Two weeks ago. Two weeks ago, none of us were thinking, hey, I wonder if they were going to launch missiles. None of us were thinking.

None of us were going, you know. It is a possibility, that we have World War III. I mean, it could happen tomorrow. None of us were thinking that.

I'm a guy who worries about everything. I wasn't worried about that two and a half weeks ago. Were you?

So, you know, two and a half weeks ago, maybe. Hey, we'll dip into the strategic oil reserves.

The oil that we have reserved, strategically, so our war machine could have fuel.
Let's dip into that. You know what, we're just going to release a whole bunch of stuff. It is according to Goldman Sachs, not going to make a dime of difference, at the gas pump.

But let's just get rid of some of that oil. Man, that oil is just sitting around, not doing anything.

Okay. Okay.

This is great.

You know what we should do?

We should go and try to destroy anything with the word Russian in it. Like the Russian tea room. Did you hear in Washington, DC, the Russian Waffle House, or whatever the hell it is. It's in DC. Probably run either by the Russian mob, or, you know, the KGB. Probably.

But, you know, I don't think we need to go in and destroy it. Do you?

I mean, as a private citizen, do you think that's really?

I mean, he did lose his black belt. Now, if he loses the Russian Waffle House, what is he going to do?

People are also in New York City, be the going to the Russian tea room, in protest.

Now, let's think this one through. The Russian tea room.

Hmm. It was started in -- well, the 1920s. 1927.

Started by Russian ballet people.

Yeah, from the Soviet Union.

Yeah. That's -- that's the time. Now, I -- who knows what the Russian tea room really is, you know. But let me just tell you. I know it was started in the '20s. I know it was started by a bunch of Russians. And I know there were a bunch of ballerinas. I know they were performing at Carnegie hall.

And then they just left. They left their country. They needed to make ends meet. So they started the Russian tea room. My gosh, the infiltration in this country is crazy.

Now, let's not think and dwell too long. That maybe in 1927. Those members of the imperial ballet, didn't like what was happening in the Soviet Union. And defected.

Russian tea room. Wait a minute. No. It's all about Russia. That tea has got something in it, that makes me hate Ukrainians.

Let's not eat there, I'll tell you that right now. What is wrong with us?

This is the first time, this is the first time -- yeah. I think I can say -- it's the first time, that I have seen such a coordinated effort. On all fronts. I don't know what's true anymore.

I have no idea. I know I've done my homework over the last two years, because of the Trump nightmare. The lies that came from the media, last time about Ukraine. I know who they are. I know how they're connected to Joe Biden. And his lovely son.

I know that our State Department, is responsible for that little Nazi group.

What! How could you say that!

They hate Nazis. No. They really don't. Our State Department and our -- our CIA, they'll fund anyone, anyone.

Oh, that's crazy. They would never do that. They would never do that. I mean, certainly, they wouldn't have done that with Osama Bin Laden. We were the ones who financed all that.

And then it became a little tough. Now, all the newspapers. All of them. New York Times and Washington Post. They have done long stories, on this particular Nazi group.

Okay? They've been against it. They've been wait a minute. None of them are exposing that we financed it. With, gee. That missing $7 million. Where did I put that $7 million?

But now, the Washington Post and the New York Times, they're just rediscovering this Nazi group.

What? Have you heard? No, that's not. That can't be true. No. Ukraine is the good guy. That's -- it's a small group. It's nothing to worry about. Really? Because I read your newspaper. I read what you said before. How do you trust anything?

My job is to tell you the truth. I can't tell you the truth, of what's going on in Ukraine. Because I can't read anything other than what social media has -- has filtered for me, so I only see one side of it.

Or what the cable news companies are showing me.

I don't know.

I don't know. I just know, that Steven Miller is right. That this was the first war, that is all social media.

How dare you say that! Is it because you're white and these people are white. What about Syria?

No. No. No. This one is highly organized. This one involves everyone.

And it involves Zelinsky. Who I like.

But let's not forget, he's an actor.

Let's not forget, he knows how to use social media. Good for him. I'm glad.

But do we know?

I mean, look at how many things that we've heard. Have you heard about the ghost of -- what is it? The ghost of Kyiv? What was that ghost? The pilot.

STU: Yeah. That supposedly was knocking down all these planes. Not accurate.

GLENN: Yeah. Yeah. It's, what?

Don't pay attention to him. Did you hear about those brave Ukrainian soldiers that were in that island?

And the Russian ship came up. And said, hey, you give up your arms.

And they were like. Screw you, Russia! Yeah, that was a great story. Oh, not true.

STU: They did say that. They just didn't die after it.

GLENN: Yeah. Those brave soldiers, didn't go out in a blaze of glory.

STU: Still a badass move. But they didn't actually die.

GLENN: Who knows what stories are true or not. Okay?

We're in the fog of war. My problem with this is, everybody is just jumping on to a bandwagon. And if you disagree or question and say, hey, let's not race to World War III, you're, of course, an enemy.

STU: Yeah. To this point, Glenn. We're sitting here, talking about this furious, Ukrainian response. Which does seem to be real. And something that I'm cheering on.

GLENN: Me too. Me too.

STU: I want them to fight back. And fight back valiantly, as they are. But how many stories have we heard from the media, about how Russia stalled. They've tried to do this. It's been a lot harder.

They're not getting it to where they want it to be. So it's been a week, since this started. A week. It took us two weeks, to get to Baghdad.

So we are half of the time, that it took us -- in what we all would look at, the easiest, quickest war ever, for us to get to Baghdad.

That was -- remember the whole Baghdad Bob stuff?
Anyone who said they were defending -- they were coming up with the furious defense. They were mocked.

Because it took us two weeks.

It's only been one week.

And I know social media and the news sile, makes it seem like this has been going on forever.

It's been one week. And I feel we have a lot of really ugly days, coming here. In the coming weeks and months.

GLENN: That is -- that is my point.

STU: Yeah.

GLENN: How do you really know what's going on, on the ground?

Have you heard the Russian side?

I believe it's most likely propaganda. I can tell you, the West is all propaganda as well, right now.

This is the reason, you have a free flow of information.
So you can read differing accounts, and make your own decisions. But if you really are a nation of, wait a minute. So that's a big nation of a smaller country.

And that's somehow wrong. Well, then, I guess we need overlords to tell us, what we can do.

Yeah. And I'm going to go in, and I'm going to spit that tea out, at that Russian. That commie tea room.

Come on, America. We're better than this. We are better than this.

The ONLY Trump/Epstein Files Theories That Make Sense | Glenn TV | Ep 445

Is the case closed on Jeffrey Epstein and Russiagate? Maybe not. Glenn Beck pulls the thread on the story and its far-reaching implications that could expose a web of scandals and lead to a complete implosion of trust. Glenn lays out five theories that could explain Trump’s frustration over the Epstein files and why Glenn may never talk about the Epstein case again. Plus, Glenn connects the dots between the Russiagate hoax, the Hunter Biden laptop cover-up, and the Steele dossier related to the FBI’s new “grand conspiracy” probe. It all leads to one James Bond-like villain: former CIA Director John Brennan. Then, Bryan Dean Wright, former CIA operations officer, tells Glenn why he believes his former boss Brennan belongs in prison and what must happen to prevent a full-blown trust implosion in American institutions.

Rumors explained: Is Fed Chair Jerome Powell OUT?!

After rumors spread that President Trump would soon fire Federal Reserve Chair Jerome Powell, Trump has said that he's "not planning" on it right now. But is it possible for Trump to fire him? Will he resign? And how is the Fed Chair even chosen in the first place? Glenn and his head researcher Jason Buttrill explain ...

Transcript

Below is a rush transcript that may contain errors

GLENN: Well, last night, I was rapidly looking the lie some of these rumors, on X.

Pretty incredible people on what's going on with Jerome Powell and the fed.

What the heck?

I was actually popping popcorn and watching this. It was so crazy.

GLENN: So it's just the rumors, that he is going to be stepping down?

JASON: Well, yeah.

Yeah. Anna Paulina Luna. Congresswoman. She was saying, it was almost imminent, that he was about to be fired. Actually fired.

There were other rumors saying, well, we're not sure about fired.

But he's considering resigning.

GLENN: Yeah. You know why.

JASON: We were like, what the heck is going on?

GLENN: So do you know why?

Do you know why he's resigning? Any guesses? I mean, you had popcorn out. I would love to hear what you have come up with.

JASON: So there was the CPI stuff coming out. The interest rates going up.

We know that the President wants interest rates to come down. I'm assuming that is what the deal is, and there's some sort of internal battle going on.

GLENN: Well, and the president can't fire the Fed chief. Okay?

So the Fed chief is the one that nominated. The federal reserve is the biggest crock of bullcrap I've ever seen in my life.

It's nothing, but the five biggest banks. Okay? And you know which ones they are. They're the ones that keep getting bigger. And everybody else is falling to the wayside.

So the Federal Reserve is the arm of those five banks.

Okay?

And they suggest, who the president can select from.

So the president can't say, I don't want any of these guys. I want this guy. Can't do it.

He has to take a look at the list that all the banks have put together. Is. Say, pick from this list, Mr. President.

Did you know that?

JASON: It's kind of how Iran chooses their next president.

GLENN: It's exactly. It's exactly that way. Except, this religion is all about the almighty dollar.

Okay. So he can't -- he can't pick on his own. But the president has a right to pick one, you know, every term. If it comes up in his term.

The president wants this guy out. And I think he's been really, really bad.

Because he's been wrong on almost -- on almost everything. But show me the -- show me the Fed, you know, the guy who the Fed was right ever.

So he can't fire him. But he wants him out. Because he wants interest rates dropped.

And, you know, the jobs are coming back. Things are coming back.

But interest rates keep coming up.

And the -- and the interest rates, if we keep our interest rates high, we have a harder time borrowing money for our debt.

And it just gets more and more expensive for everybody all along. So the president wants him to back off interest rates. But the Fed chief believes that that could cause more inflation.

Which I think he's right on that one. And I hate to say he was right on anything.

Because I don't think he was ever right.

Makes me question myself. When he's like, well, I think he might have a point on that one. But the president is like, no. He can handle it.

I want them down. I want cheap money again.

He refuses. So what has the president done?

The president can only fire him, with cause!

So what do you do when you can only fire somebody with cause, and you want them out.

You find a cause, and this one is easy.

So the Fed has been the one leading the way saying, we can't keep borrowing money.

We've got to have some fiscal sanity. Right?

This is going to kill us. We have to keep these interest rates high, because you are borrowing too much money. And maybe this is the only way to stop you.

So we got to keep it high, because you've borrowed too much money. And how many times has he testified in front of Congress? We've got to cut. We've got to cut. You can't keep spending like this.

Okay? Well, did you know that the Federal Reserve, with our tax dollars, the five biggest banks, a/k/a the Federal Reserve, is redoing their offices. To the tune of two billion dollars!

Now, I don't know what kind of wallpaper they need there.

But that seems like a pretty hefty renovation, especially when everybody is looking at cutting things. And you're lecturing me about spending money. So they get money from the government, okay? They're telling us, stop spending.
Stop borrowing.

Except, okay. What you've borrowed. I need $2 billion of that, to redo our offices in Washington, DC.

Excuse me?

Why don't you do that yourself. Okay. I think banks maybe have some money.

So they're borrowing that money, and there's $700 million over.

So it's $2 billion. $700 million over budget. And they're still not finished.

And the problem is: They're putting in water features.

They have a rooftop garden they're building.

JASON: Okay.

GLENN: I mean, it is -- it's insane. The president now knows, really? You want to play this game with me. I will sit your ass down in front of Congress, and you answer to the American people, how you're lecturing us about spending. And you're putting in a rooftop garden and a water feature in your office. No! No.

So the president is now threatening, I'll fire you for this. You want to quit, now would be the time to quit.

Otherwise, I'm dragging your butt in front of Congress.

You answer to the American people for this. And they will beg me to fire you.

That's what's happening.

JASON: I looked at that a lot.

Because I was like. There's got to be some leverage that the president had, because they can't get rid of.

But that is a pretty big cut. That sounds like a Babylon Bee article. $2 billion.

GLENN: It does. It does. $2 billion, 700 million over budget.

JASON: Oh, my gosh.

GLENN: I mean, and these are the responsible bankers. No, I don't think so.

It just shows, they don't mean what they say. They'll just keep doing it for themselves. You know, if you really believed that America was really on that financial cliff, why would you do that?

You would lead the way and say, guys, we are going to be the only responsible ones here.

We will lead by example.

No renovation. You know what, go to IKEA?

You need a new desk. Go to IKEA, and get a new desk. Well, we have to keep up our image. We're not going to have a country.

So what do you say, we go to IKEA?

Our image should be, we are going to lead the way out of this madness!

That's what a leader would do.

JASON: So, Glenn, I still don't think I get this disconnect between Trump and Powell on -- we know Trump wants to lower interest rates.

Powell is standing back and saying, basically, he doesn't want to do it.

Is he trying to undermine President Trump on this?

GLENN: President Trump thinks so. President Trump thinks so.

I think so, to some degree.

I mean, I'm worried about inflation.

Look, you know what happened. Do you know what's happening with yap?

JASON: What's happening with Japan?

GLENN: So what's happening with Japan, is Japan has always had this really amazing image of, we're solid. We're absolutely solid.

This is target to crack. The foundation.

1989.

Let me go back to 1989.

This was the crown jury trial of the global economy.

Back in 1989, you probably aren't old enough to remember.

All of a sudden, Japan owned everything in America. We were just becoming Japanese, and everything was being purchased by Japan. Kind of like it feels a little bit like China now.

JASON: They even owned Nakatomi Plaza, Glenn, that Bruce Willis had to save -- they owned everything in every '80s movie!

GLENN: Oh, yeah, they owned absolutely everything.

Okay? And the -- things were so insane in Japan. The grounds of the imperial palace, in Tokyo, on paper was worth more than the entire value of the state of California.

JASON: Wow!

GLENN: Okay?

So their land. Everything just shot up. And so they had all of -- they were flush with all this cash.

And people believed that Japan had suddenly, you know, cracked the formula for, you know, eternal prosperity.

That's the problem. Then it all started to fall apart. And the asset prices. That they had mortgaged against.

Okay?

They had borrowed. Well, the imperial palace was worth more than California.

That doesn't make any sense. You wouldn't mortgage it like that. At least long-term. I will do this real quick, and pay it off.

You would never, ever mortgage, because you know that's inane. Well, nobody ever wanted -- and it seems in governments, nobody ever wants to believe that this is just a fluke. Okay?

So the asset prices collapse. The stock markets plunged. And for three decades, they have gone into this very polite political coma.

Okay? Economic coma. And so the central bank did something radical. They were the first ones to set your interest rate at zero. They lowered the interest rate. They made money so cheap, it was nearly free. Zero percent interest. Sometimes, they would pay you to take out money.

So the -- they had negative interest rates. Can you imagine that? Now, you're not fixing the problem. You're just printing wallpaper to cover the mold. All right?

So they've done this for decades.

Now their debt is I think 260. Or 280 percent of their GDP.

I think, what is ours?

100?

80 percent.

Something crazy. 120. You never believe back.

The death threshold is usually 120, 140.

They're 260 percent of their entire economy is debt.

That's not a crack. That's a fault line.

So this week. Or was it last week? Things started to creek and grown in Japan.

And the government bonds, which are like our treasuries. Is this getting too complex.

Are you following this still?

JASON: Yeah.

GLENN: Okay. So their government bonds.

They were the safest investments on earth.

One of them. Okay?

It's us. Japan, Germany.

They started to fall.

Hard. And when bond prices fall, interest rates were the easily go up.

All right?

So they borrow all this money.

260 percent of their GDP is borrowed. Okay?

So they borrowed all of that money. And they had it at like 3 percent interest. Whatever.

2 percent interest.

And they were paying people.

2 percent.

Well, all of a sudden, the cracks started to appear. And people were like, I'm not sure this is stable at all.

And then the belief of the system started to -- to go away. So people started selling their Japanese bonds.

Once they do that, now the yields have to go up.

What happens when yields go up?

What happens when interest rates go up? For a government. You have to pay more interest on your debt!

Okay?

You add two or three points.

Just imagine, you have an adjustable rate. Okay?

This is a government having an adjustable rate. Except, they have 260 percent of everything they make, in debt!

And it's all leveraged.

And now, their adjustable goes up two, three, four points.

You're not able to afford that anymore, okay?

So massive problem.

Because what it really means is. People don't believe in Japan.

They know the con game is now over.

And investors are saying, you know, I want a whole lot more in return.

Because I just don't believe you anymore.

And it's not just Japan's problem. This is not a neighbor's house on fair.

This is -- imagine we're all living under the same roof. This is the neighbor's apartment, on fire.

We're all under the same roof. We all have the same foundation. And so when this happens to Japan, you should pay attention. And I'll show you the ripple effects in just a second.

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(music)

GLENN: Okay. So now if Japan -- that means there's a stampede out of Japan.

And people are starting to look and reprice the risk of their money.

Now they're like, wait a minute.

The most stable. You know, if you're driving a car and it is the safest car in the world and all of a sudden, they just start blowing up on the highway.

You're like, I don't think that's the most -- that's the safest car on the highway.

And if that's the safest car, what does it mean for the car I'm in?

You know what I mean? So now, this is going to push US interest rates going up.

Which makes our mortgage rates go can up. And our car loans more expensive. And the national debt. Which is already costing us $1.2 trillion a year, just in interest.

Now, they can't sell their treasuries. People are skittish on treasuries. Maybe they come to the United States, but they're not so far.

They're getting out of the Japanese interest. Or the bonds there.

Japan has to pay their bills.

What do you do when you have to pay a bill?

And you don't have any money coming in.

You don't have enough money coming in. What do you do?

You sell something. Right? You sell your car. You sell something that you have of value.

Well, what do they have? What do they hold of value? US Treasuries.

So now, we are trying to sell our bonds, for our new debt, they hold our old debt.

They're saying, hey. Anybody want to buy this debt? Because I have to sell it. Fire sale. What do you give me for it?

Okay?

Which makes that debt more attractive, because they can get a better deal there.

Which means, if we want to have new debt, we have to raise our interest rates. Which means, we pay more for interest for our mortgages and everything else.

And it floods the market with bonds, crushing the prices, skyrocketing the costs for us.
And causing even more trouble, in other countries, that have US bonds. Because they start to look and go, nobody is buying these bonds.

Well, of course not. You have two countries. The two stablest countries besides Germany.

You have the two stablest countries now selling US Treasury bonds.

Okay? Really, really bad.

Now, let me add this on.

Germany is now having to pay for their own army.

And so they said, they're going to borrow money.

To build the army.

And they're going to lower their interest rate. So they can borrow more money. All right?

And now, the German bund, which is -- you know, like our Treasury. That's now starting to fall apart.

Well, Germany has some assets, they can sell.

What do you think that asset might be that they want to sell?

US treasuries.

We have been playing an extraordinarily horrible game.

This is why I believe the president wants somebody else in charge of the Fed, because the Fed can say, we're lowering the interest rates.

Because he's got to get more money into the system. So people can spend money, can start businesses. Borrow money.

Get things moving, so we can increase the amount of taxes that we collect.

The more people money -- the more people make, the more taxes we collect.

So he's like, we've got to grow the economy. And the only way we can grow the economy is to lower the interest rates.

But at the same time, interest rates around the world because of what's happening with the bonds is going through the roof.

We are in a very -- we've never been in this position before.

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