RADIO

Why a DIESEL SHORTAGE would lead to DISASTER

President Biden and the Democrats are doing everything they can to insist that you shouldn't worry about "petty" things like gas and food prices. But Glenn has another idea: It's not petty to look at the price of fuel right now, at your bank account, and at the looming diesel fuel shortage. Glenn breaks down how a diesel shortage would be devastating for America and why the Biden administration would be at fault. If that's not what you voted for, he warns, make the madness stop at the ballot box on Election Day ...

Transcript

Below is a rush transcript that may contain errors

GLENN: God only knows what to expect next week.

Listen to JPK on -- KJP, on what she is -- was asked yesterday, at the White House. Listen to this. Cut ten.

VOICE: Given the number of Republicans who have said they want to cut the results, and just the unpredictability of this election, compared to others, is the White House doing any contingency planning for election night or the day after. Just people not accepting results, as violence breaks out. How are you guys thinking about that?

VOICE: So a couple of things. I've been asked about this before.

I want to be clear, and say this again. Americans should feel free, safe. They should feel safe.

GLENN: Can we stop?

I can't even listen to her answer.

She's reading it, and she's the absolute worse.

STU: It's incredible. I don't think I've seen anything like this. Where a person is so clearly unqualified for their jobs.

She is absolutely no ability to do this job.

She stands up there, every single day. And reads every single answer to the most basic questions. And sometimes, can't even read them.

The entire time that question is being asked. She's flipping to a page, I guess about election violence.

And then the entire time, her eyes are straight down, to the podium. And she's reading every word of it. Why not just put Syria in charge of this job?

You can just put -- hey, Syria, read answer about election. And they should just have an automated voice. Go through the transcript and mispronounce words and butcher things just like Karine Jean-Pierre.

GLENN: And me.

STU: And you. But at least you're butching things off the top of your head, she's reading them and still butchering them.

GLENN: Okay. So here's the thing. I want to go back to Biden. So now they're talking about violence from the GOP. They won't accept it. Here's Biden, cut six, last night.

BIDEN: We know that more and more ballots are cast by early voting are by mail, in America. We know that many states don't start counting those ballots until after the polls close on November 8th. That means, in some cases, we won't know the winner of the election, for a few days. Until a few days after the election. It takes time to count all legitimate ballots in a legal and orderly manner. It's always been important for citizens and democracy to be informed and engaged. Now it's important for citizens to be patient, as well.

GLENN: Right. So why is it -- why is it we're going backwards? In a -- in a world that just keeps going faster and faster. More complicated.

In a world that has block chain.

Why is it that we are going backward within and now we're being told. For the first time in my life. No. First time was 2020.

Second time in my life, that we have to wait days, before we know the election results.

STU: No. That's happened before.

We did the 2000 elections. That took quite some time.

GLENN: I know. But it wasn't expected. It wasn't expected.

STU: Yes.

GLENN: Yes. When it's close. But generally speaking, we've only waited for Alaska and Hawaii. Okay?

STU: I mean, they've been counting votes late -- usually, the results are known, right? Usually there's enough of a separation. They're not close enough, that you have to worry about every little last vote coming in.

But part of this is state law. Like Pennsylvania state law still was not changed from 2020. Still says, you cannot tabulate any early votes until Election Day. So there's no way they're going to have them all counted. They're not.

GLENN: Yeah. I wonder why.

STU: They're quite clear --

GLENN: I don't want to get into it.

STU: Republicans did not change it either.

GLENN: I know. I know.

STU: Should be done, you're right, though.

GLENN: Here's the thing: This is inexcusable in this country. But that's what I would expect, from this country today.

We are not -- we are not America. We're not.

That's gone. Now, we can always revive it. Just by our attitude. And what we take into our own hands.

What we do, ourselves. That's America.

Americans always were the ones that were like, you won't climb that mountain. I'll climb that mountain. Oh, this country says, you can't do it that way? Here. Let me show you how to do it.

That's where we are. But the people have been convinced, they have no longer any power to do anything. To reinvent. The only guy really showing us that is Elon Musk.

That's the only guy in our society, that really shows us, as a nation, and he's under attack.

They do everything they can, to shut him down.

And Joe Biden actually had the cojones, to say last night, that you know you shouldn't be selfish. That our democracy, our republic, Joe. Our republic. Maybe the president should get that right.

He says, our democracy, our form of government, is a way of being.

We need to vote, knowing who we've been and what we're at risk becoming.

I agree 100 percent.

But he also said, that you, in this defining moment, have got to stop worrying about those petty things, like the price of gas and food.

Petty things?

Really? Those are petty?

It's petty for me to worry that diesel reserves are at a 71-year low. It's petty for me to tell you a story out of Lincoln Nebraska. About a trucking company. With everything that's going on. And a potential rail strike, still looming. He didn't solve that. He just pushed it off.

That too can disrupt the shipment of fuel.

The guy who owns the Lincoln-based Stanford-matic trucking (phonetic). He said, I don't know what we're going to do. I don't believe we have any alternative. So if the pipeline shuts down. It's shutting me completely out of business.

He's been in business for 26 years. He said, everything that they're doing is costing everybody more money. The poor people are the ones who will suffer the most. Because it all comes babbling down to them. The people who can't afford it the most, are the ones who will get hit the hardest.

Of course. If they can't deliver, or they have to raise the price of diesel fuel, which is coming after the election, he says, everything in stores, and every city of the United States, is brought in by truck. Probably 99 percent of those trucks run on diesel.

So you'll see everything in the grocery stores, go up.

Until the prices of diesel go down.

Well, I would like to say, that 99 percent of the trucks run on diesel. That are delivery trucks.

Yes. But 100 percent of the trains, run on diesel.

100 percent of the ships, run on diesel.

And I don't think it's -- I don't know. I don't think that it is petty, to think about that.

Now, this isn't the first time, by the way, that you'll have a turkey shortage, for Thanksgiving.

However, this is a particularly bad year. Right -- this year, for Thanksgiving, you may not be able to afford the things that you have had, in my life, every Christmas, Thanksgiving, we have had turkey, stuffing, mashed potatoes, cranberry sauce. Every -- every year. My entire life.

Maybe not this year. You're going to have a hard time getting a turkey. The prices in the stores are jacking up so high, that you may not be able to afford it.

By the way, the fed approved another three-point hike, to take rates to the highest since 2008.

Let me just remind you, in 2008, Biden was running, and said, there will be no coal plants here in America.

No coal plants here in America. He's still saying that. He's also still saying. In fact, do we have the clip of John Kerry, cut seven?

VOICE: Ford Motor Company and General Motors and other companies around the world have spent hundreds of billions of dollars retooling their plants. Why?

Because they're going electric. And by 2035, that's all we're going to have in America. Our electric cars being manufactured. Not on the road. But being sold. And new cars. That's President Biden's goal. By 2035, he wants the power secretary of America, to be carbon free.

So if we accelerate these efforts, which is what technology, and entrepreneurial activity help us to do, this will change even faster. And so that's where I draw enormous hope. And some optimism.

GLENN: Great. Stop. So what he believes, is we're all going to be fine. And the tooth fairy is real as well. Sorry, kids, to break it to you.

This is not selfish for you to worry about.
This is not petty for you to worry about this. This is not a one-time thing. These prices will not go down.

If this administration continues. Let me give you this.

Earlier in October, the International Monetary Fund, issued a stark warning, about the global economy. In it, the IMF economic counselor and director of research wrote that the 2023 slowdown will be broad-based with countries accounting for one-third of the global economy, poised to contract.

The three largest economies, the United States, China, and the euro area, will continue to stall.

It will also reopen economic wounds, that were only partially healed post pandemic. In short, the worst is yet to come.

Okay. Is that petty, to worry about that?

Because these are the people, that are spending money. Think of this. They're spending money. Which needs to be printed. So they're printing money. So they can give you, how many billions did he give away last night? So they can put that into the economy.

And then, at the same time, raise the interest rates, so you can't afford to spend money.

Because they need to claw that money back. They're taking that money away from you. And at the same time, all of the money, that you have saved, is being devalued.

Is this petty, to worry about this?

By the way, the president went over to OPEC, and said, hey, can you -- he only wanted to do it until the election was over.

We now know. But, you know, what would have strengthened his hand to bargain?

The Keystone Pipeline.

But he canceled that. This guy is so incompetent. And this administration and the Congress and the Senate, are going right along with it.

He may be incompetent. He may have bad ideas. But I can guarantee you, these are not his ideas.

This is a strategy from the far left.

And they are crippling us.

So I'm sorry. President Biden, as -- as I won't be agree with you, that you said last night, darning forces are threatening democracy.

No, sir.

Your own dark forces, that you are in bed with, that are carrying out the policy, you are in their cases, hiding, and in some places, celebrating. Those dark forces are a threat to our republic.

And with God's help and God's blessing, the madness will end November 8th. Next Tuesday, at the ballot box.

May it be a fair fight.

TV

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.

RADIO

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.

THE GLENN BECK PODCAST

Why the Term "Conspiracy Theory" is CIA-Created Weapon for Control

Conspiracies are of course real and occur every single day. But yet, many in the media and elite political circles attempt to use the term "conspiracy theory" to smear and discredit those who are skeptical of conventional narratives. Where did this term come from and how should we understand it? Journalist Alex Newman joins Glenn Beck to break this down and how it impacts the world as we see it today.

Watch Glenn Beck's FULL Interview with Journalist Alex Newman HERE

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Chalkboard Breakdown: How George Soros & the 'Deep State' funnel YOUR money to radical groups

Where do these massive left-wing radical groups get all their money from? Much of it is effectively a scam that occurs using your tax dollars to fund these groups that you would never support on your own. Glenn Beck heads to the chalkboard to expose the connections so you can visualize exactly how someone like George Soros manipulates the system.

Watch the FULL Episode HERE: Deep State ON NOTICE: New Tech Traces the USAID, Globalist Money Trail