Glenn Beck, Allie Beth Stuckey, and Justin Haskins warn of a looming financial Armageddon driven by the Federal Reserve's post-1960s conspiracy to strip property rights via the Depository Trust Company. They argue that "toxic empathy" blinds society to truth, citing Utah's judicial overreach and Texas asylum rulings as proof of authoritarian drift. While Beck predicts Red States will become California, Haskins details how digital-only stock records allow elites to seize assets during crashes, urging listeners to support Trump's geopolitical maneuvers against BRICS and prepare for total wealth loss unless emergency powers are challenged. [Automatically generated summary]
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Glenn Beck is.
Holy cow, do we have a lot to cover today?
We've got the economy.
We have more on the radicals in the streets.
We have insanity coming from the state of Utah.
Absolute insanity.
What is wrong with you, Utah?
Well, I can tell you what's wrong.
One of the things wrong with you is you're governor, but that's a different story.
Well, no, actually, it's not.
We'll get to that here in a second.
And I want to tell you, something remarkable was announced yesterday.
And also, are we going to war?
The Armada is now arriving in the Middle East.
And there's a few signals that the United States is more powerful than ever before.
We'll get into that here in just a second.
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Well, where do I start?
Let me start with some amazing news first.
The Artemis looks like it's going to be pushed back to March.
It was supposed to launch here soon, but let's take a minute for any of us who are old enough to remember what happened to the Challenger.
The Challenger blew up because it was sitting on the pad and the temperatures in Florida went below freezing.
Well, that's exactly what has happened.
These are solid booster rockets that are strapped to the side of Artemis, the same kind that were on the Challenger.
I know we found the O-ring problem, et cetera, et cetera.
We're supposed to solve that, but I'm hoping that they're going to put that thing back into in, you know, take them a day to roll that back into the shed, if you will, and test it and make sure we can't afford to lose the Artemis.
But the other thing that happened yesterday is the largest company now in the history of the world, the most valued company in the entire world was created, SpaceX and XAI, merged yesterday.
That makes them the most profitable, most expensive company in the entire world.
And I have to tell you, when I heard that last night, I thought, gosh, I feel like it's 1910 and somebody said, you should invest in the Bell system.
Yeah, maybe, maybe.
This might be ATT, might be the railroads, might be Pan Am, you know, when Pan Am was something.
This is huge.
And let me explain.
Right now, SpaceX has announced yesterday that they are going to launch a million satellites into space, a million satellites into space for the cloud and for AI processing.
AI processing up in space, you can keep it cool.
You don't have to have any of the water problems.
You don't have any of the cooling problems, the energy problems, et cetera, et cetera.
I mean, it's a perfect place to have processing done is up in space.
He's going to launch a million satellites.
To give you some idea, right now, humanity has roughly 14,000 active satellites operating and orbiting Earth.
Okay.
That's every nation.
That's every military.
That's every weather system.
Every GPS signal.
Every communications platform humanity has ever put into space is 14,000.
Okay.
So now SpaceX has filed plans of a million satellites over time going up into space.
Even if only a fraction of that number is ever launched, this is not an expansion of what exists today.
This is a complete redesign of space around Earth.
This is a replacement of the scale itself.
So to understand this, stop thinking in terms of technology and start thinking in terms of history.
Okay.
When I first heard this, a million satellites, and I know we have 14,000 in space, I thought to myself, wow, that's kind of like somebody saying, yeah, I know we're expanding and I know it's 1820, but everything west of the Missouri River is mine.
Okay.
I mean, the 1800s power in America was not decided by the speeches.
It was decided by who controlled the rivers and then later who controlled the railroads.
When the railroads crossed the Missouri River, it wasn't just steel that was moving west.
It was law.
It was commerce.
It was time.
It was settlement.
The cities lobbied for the railroads.
Please put the railroad tracks by us.
Cities died when the railroads bypassed them.
Okay.
No one announced everything west of the river is ours.
They didn't have to.
They built it first, and then everybody else had to adjust around that.
And that is exactly what Elon Musk is doing right now.
Except the frontier is not land.
It's the sky.
Low Earth orbit is not infinite.
I think there's, I want to say 6,000 in low Earth orbit.
There are only so many usable altitudes out there.
And, you know, you start launching things up into space.
There's only so many collision-tolerant corridors.
So there's so much junk up around that it has to be very carefully coordinated.
At small numbers, satellites coexist.
At massive numbers, they define everything.
You place tens of thousands or hundreds of thousands of objects into those corridors.
You're no longer participating in space.
You're designing and structuring it.
Think of it this way.
This isn't somebody claiming land west of the Rockies.
It's closer to one company building every road, every bridge, every highway and say, everybody else can use them, but we built them first.
Control doesn't require ownership.
It requires scale.
And that is what Elon Musk is very good at, scale.
And this matters because for the first time in history, a private company is positioned to shape the planetary structure or infrastructure, a layer of infrastructure faster than governments, cheaper than any nation, with replacement cycles measured in months, not decades.
I mean, empires used to control land.
Remember, I mean, this is exactly what the, this is what the Vanderbilts did with railroads.
You know, they controlled the railroads.
Navies controlled the seas.
Nations controlled airspace.
This is completely different.
This is the normalization now of something entirely new.
The sky itself becoming managed infrastructure.
Okay.
And history tells us something really, really important when this kind of stuff happens.
Really important.
People who arrive first, they don't just win.
They set the rules that everybody else spends decades trying to renegotiate.
So this isn't a warning.
This is just an observation here.
Every great power shift in history looks small right up until the time it doesn't.
And by the time most people look up, the frontier is already gone.
The other thing you have to understand, this is going to change our skies forever.
You put a million, put half a million, put 100,000 more satellites up into low orbit space.
It's going to change the look of the sky.
When you go out at night, you're going to see a different sky.
This is a game-changing announcement yesterday, game-changing.
I'm not sure I like it.
I just want to point out it's massive.
Now, let me come closer to Earth, closer to what is happening in our world.
Yesterday, I'm going to go into this in a second.
Yesterday, there was a judge in Texas who made this crazy, crazy ruling on habeas corpus.
And we're going to get into that because it ties into judges' overreach, but also what's happening with ICE.
Okay.
Before I get there, let me tell you something else that's crazy that's going on, and it's happening in Utah.
Texas Judge's Habeas Corpus Ruling00:15:59
And Utah, listen to me carefully.
You are in trouble.
You are in trouble.
I don't care what party you belong to.
Every American should understand what Utah did is trouble for the republic.
And you're going to become California.
So look out, Utah.
Let me explain that here in 60 seconds.
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Okay.
Utah, what are you thinking?
The Republicans in Utah, you want to talk about being hypocrites.
Here it is.
When we talk about packing the court, what do we all say?
Don't do that.
That's the end of the republic.
It's always the end of the republic.
When somebody starts packing courts, the next people that get in, they're like, oh, well, you changed that number so I can change that number too.
We're going to have 12.
We're going to have 20.
We're going to have 30.
We're going to have 55.
You see Venezuela.
You see Cuba.
You see any country that has ever done this.
They fall into totalitarianism because they realize they can just change the referees.
They'll just add more referees and they'll add the referees they like.
Utah has had a real problem because you have all these judges that are legislating from the court.
That's not the job of a judge.
That's not what a judge does.
They accepted, Utah accepted, I think it's the Missouri system or the Missouri reform.
I don't know what it is.
Something to do with Missouri.
And what it means is they're going to get together with all of the legal experts and the legal experts are going to say to the governor, these are the ones you should pick from.
Oh, okay.
No.
No.
Can we stop being a country run by experts?
We see exactly what the experts have done in every category.
Stop it.
So they decided because the court system is overwhelmed.
No, not the Supreme Court.
The federal courts are.
The state, the state courts are, but not the state Supreme Court.
There's a massive backlog in the lower courts, you know, and people have been begging, hey, help us, help us.
And they were ignored.
So they decided to expand the Supreme Court.
Why?
That wasn't overrun.
It wasn't overwhelmed.
This is not about efficiency.
This is all about control.
And I understand you have bad judges and they've been legislating, but you don't do this, Utah.
You should hear history echoing here, okay?
Because this is what happens all the time when a uniparty takes hold.
The Republicans, you know, the Republicans have had control of Utah forever, and so they're doing exactly what's happening in Texas.
They get soft, they get mushy, they get embarrassed that they actually believe in the Constitution.
And when power moves as a single organism protecting itself, correcting its losses, punishing resistance, this is what they do.
They made all these mistakes, all these compromises, and then what happens?
After the compromises are there, they see what the result is, and they're like, oh, I shouldn't have done that.
Okay.
Well, let's do something even more dumb.
Let's pack the Supreme Court of the state.
Republicans, you don't get a pass here because Democrats would do it too.
That argument damns the Republic.
It doesn't save it.
It damns it.
A legislature that expands a court after losing cases is not defending a republic.
It's announcing constitutional limits only apply, you know, unless they're inconvenient.
What kind of hypocrites are running the GOP?
And here's the deeper problem that nobody wants to say out loud.
For decades, our universities have been captured by ideologues who openly despise the Constitution.
I have a podcast coming with, oh, gosh, what's his name?
Constitutional scholar.
Yeah, Jonathan Turley.
It's coming out this week.
And he was talking, kept ringing the bell.
You don't understand what's happening in the universities, Glenn.
It's Marxism.
And they're all against the Constitution.
They're teaching Marxism, not as theory, but as morality.
And they're training our lawyers and our judges and our journalists and the bureaucrats to see the problem as something to be managed, not framework to be defended because the framework is just not good anymore.
The media, overwhelmingly drawn from the same institutions, doesn't, you know, it doesn't check this drift.
It sanctifies it.
And in a state that was raised on the Constitution, you know better than this.
Have you just grown timid?
Apologizing before you even stand up, square your shoulders, and say, this is what the Constitution says.
These are our founding principles.
Why are you shrinking from conflict?
As if defending principles is somehow impolite.
It is not impolite.
It is required of you to stand.
A Republican cannot survive this kind of shyness.
I know you're polite.
I know you don't want to, I know you want to get along with everybody.
You must stand or you will lose everything.
You're going to become California.
And then you think that, you think that state's going to last?
Are you kidding me?
One side is ruthless and the other side is reserved.
And the ruthless always win.
I know that's why we pack the coat of the court.
No, you don't violate your own principles or you become everything that you despise.
Utah once prided itself on being different, unusual, peculiar, grounded, constitutionally serious.
You're not.
This, your road you're on, it's not leading you to any of that.
When courts become political tools, when legislatures punish judges for rulings instead of fixing the law, when every law is answered with structural manipulation, you don't get Utah, you get California.
Not all at once, not overnight, but inevitably you get it and you're almost there.
And once you cross this line, which you just crossed, there's no neutral ground left.
Every future majority is going to feel justified doing exactly the same thing, only faster and only harsher.
You think they're going to stop at seven?
You had five.
You increased it to seven because it's overwhelmed.
That was a lie.
That's a lie.
Numbers are numbers.
Math is math.
Sorry, GOP.
Math is universal.
And some of us know the difference between an overwhelmed system and one that's not.
Math is just a number.
This is how separation of power has become a memory instead of a guardrail.
I'm going to show you what just happened in Texas.
Okay.
Utah and Texas.
This isn't just a bad bill.
This is a warning flare to the rest of the country.
Republics that ignore warning flares, you don't get a second chance on this one.
When you start screwing around with the balance of a state or national Supreme Court, your republic is destined for disaster.
Okay?
That's just the truth.
I don't like saying it.
I don't want to be the one saying it.
But if you're doing it, somebody's got to point it out and saying, what are you doing?
Do you want that to happen at the federal level?
You just set a precedence.
It's not going to stop there.
Oh, yeah, but we're always going to control.
Oh, are you?
Are you?
Have you seen the numbers moving into your state?
Have you seen what's happened to Fort Worth just this weekend?
That's not conservative anymore.
Fort Worth, it's known as Cowtown.
That's not Dallas.
That was the conservative part.
Nope, not anymore.
Not anymore, because Republicans were just like, we're Texas.
We'll always be Texas.
Have you seen the numbers of the people moving in from California?
Florida, I warn you, have you seen the numbers moving in from New York?
These people are not the ones that moved because they had a point.
They now moved because it's just too expensive.
It's just too crazy up there with taxes.
They don't know they were the ones who built all of that system.
Be careful.
Be careful.
Bad move, Utah.
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All right.
Glenbeck program from the east coast of North America on the space coast where it's cold.
We still have iguanas falling from the trees.
It's like some weird, I don't know, some weird sci-fi movie here.
I don't understand.
But we're glad you're here.
Thank you for listening.
You know, let me give you a little bit of history here on something.
Something happened as I'm marking the, you know, America's 250th, and I'm looking at their, you know, looking at all the things that happened that are of importance.
And today, in 1801, the U.S. Supreme Court heard its very first case in Washington, D.C. Court had existed on paper since 1789, but it really hadn't really begun to function as an independent branch at all.
It wasn't an arm of the Congress or the presidency.
It was on itself.
And in fact, at the beginning, up until FDR, the court was not in a fancy building.
It was actually in the basement of the Capitol because the designers forgot, oh yeah, we got another branch.
That's how unimportant it was supposed to be.
And judicial legitimacy in America was built slowly and quietly and deliberately.
And it wasn't based on force or anything else.
It was built.
The credibility of the court came through restraint.
Okay.
The Constitution is to restrain both, you know, all three branches.
Okay.
That's what the Constitution is.
It's handcuffs.
Something yesterday happened that was very important in a federal courtroom.
First of all, yesterday you have Utah losing its mind and adding justices to their state Supreme Court.
Thank you for that.
Thank you.
We're not going to pay for that as a nation.
No, no, no.
But thank you for the precedent on that.
Then yesterday in Texas, something happened that has very little to do with immigration policy, but everything to do with power.
And it shows today on the anniversary of the first court cases how far the courts have fallen.
Yesterday, a federal district judge, Fred Byrey, was presented with habeas corpus petition filed on behalf of an asylum seeker and his five-year-old son.
That's routine.
That happens all the time.
Habeas corpus exists to ensure the government is not holding somebody unlawfully.
So if ICE had picked up somebody unlawfully, all you have to do, you file the habeas corpus, and the judge is meant to answer one very narrow question.
Is this detention lawful under the existing laws and statutes and constitutional standards?
Okay?
That's all they're supposed to answer.
Yes or no?
But that's not what happened.
Judicial Overreach and Executive Indictment00:11:20
That's not where this opinion stopped.
No, no, no.
Instead of limiting the ruling to the legal facts of detention, the judge launched into some sweeping tirade, some indictment of the executive branch, accusing the administration of incompetence, authoritarianism, cruelty, ignorance of American history, which one of my favorite.
And then he's quoting the Bible talking about moral indecency.
He invoked the Magna Carta, the Declaration of Independence, the Fourth Amendment, the Bible, and Thomas Jefferson.
But here's the thing.
It wasn't to interpret or even answer the habeas corpus thing.
It had nothing to do with that.
It was meant only to condemn policy choices.
Okay.
Okay.
Might have been a line that was crossed there one, you know, on that one, because judges are not philosophers.
That's not why you're there.
You're not moral narrators.
You're not the ombudsman that just, you know, is there to take care of all of the national policy disputes.
Your authority derives from restraint, not speeches.
Yet, in this opinion, the judge didn't just not merely rule that an administrative warrant failed constitutional muster.
He asserted that all administrative immigration warrants were illegitimate because they were issued by an executive branch that itself was inherently unconstitutional, unconstitutional.
I mean, because they are fascists.
Oh, really?
No, wait a minute.
I thought, because I'm just looking at how this is supposed to work.
I have it up on a chalkboard today.
How this is supposed to work.
That's not how this system is supposed to work.
That's not an interpretation.
That's legislation from the bench.
And we're still, the opinion openly attacks the motives, claiming the government is pursuing daily deportation quotas, which traumatize children, lust for power, and abandon all decency.
Where are those facts?
I'm sorry.
Could you read those facts into the record, Your Honor?
I mean, that sounds like a nice opinion, and it might be your opinion, but where are the facts of that?
And what does it have to do with deciding the habeas petition?
Because that's all that you're supposed to do.
Is this arrest legal or not?
That's what you're supposed to do.
You know, it's funny because I started with the first cases of the judicial branch happening on this day, 1801, to show you how unimportant the Supreme Court was supposed to be.
But more importantly, the Supreme Court was designed to be the least dangerous branch, okay?
The one that was to decide cases if they were constitutional or not, not a crusade.
When judges start to go on a crusade and they begin issuing moral verdicts on policy, you're not a referee anymore.
You know, that's like a referee down on the field saying, you know what?
I'm not going to let that be a touchdown because have you seen, I mean, the coaches are morally reprehensible.
Well, that doesn't have anything to do with what's on the field.
You want to talk about that?
Talk about that after the game.
And shout about that all you want after the game.
But we're asking you, was that a touchdown or not?
Not whether the coach, you know, or the owner or anybody else is immoral.
Constitution does not empower judges to correct policy outcomes they dislike.
All it empowers them to do is to say whether a law was followed or not.
And this really super matters because when judges abandon neutrality, they weaken the rule of law they claim to defend.
If one judge can nullify executive enforcement priorities by editorial decree, which I've never heard, you don't think everybody else is going to do it in the same or opposite direction?
This is how law becomes politics by another name.
A republic survives not because every branch agrees, but because every branch knows what it is supposed to do and its limits.
What is the problem?
If you are against fascism totalitarianism, what are you actually saying?
Don't give the presidential branch so much power.
That's what you're supposed to be saying, but nobody's saying that.
They're just saying bad, orange man, bad.
What about the president's power that was under Biden and Obama and George Bush?
It's out of whack.
That's what you're saying.
That's what you're feeling when you say that.
It's authoritarian.
They can come in and sweep us up at night and put us in jail.
That's because the administrative branch has too much power.
It's not balanced.
You've got to balance the power.
This didn't have anything to do with immigration enforcement.
And that's not where the danger of this guy, the danger is the precedent that he sent.
Precedent, once set, rarely cares what side you're on.
So let me just take you quickly to the chalkboard.
I'll explain it if you happen to be listening to us.
If you're watching us at Glennbeck.com, you're a member of the torch.
By the way, thank you for becoming a member of the torch.
If you're not yet, go to glennbeck.com, sign up.
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Okay.
So here's what I put up on the chalkboard today.
This is how it's supposed to work.
Under the authority given by Congress, Congress makes the law and then the president and the administration enforces the law and the justice is supposed to be the referee.
The executive goes out and arrests somebody because there's a law that says that he's going to enforce.
Okay.
And he arrests them.
Well, if you think you've been wrongly arrested, you file a habeas corpus petition.
Okay.
That's somebody saying, I shouldn't have been detained.
Is my detention even lawful?
That's what the judge is supposed to answer.
The case is very, very narrow.
It's really simple.
Facts and narrow.
You got to bind the facts.
That's what you're judging on.
You're not judging on anything else.
The facts.
And it's a very narrow question.
Should I be detained?
Is this legal?
Okay.
Not moral, legal.
Then the judge does the legal review.
Did Congress authorize this law?
Yep.
Did the executive follow the statute?
Yep.
Was this a, was the constitutional minimums followed?
In other words, did I read them their rights of the Mirand Act?
Yep.
Okay.
You can't take into motive, policy, moral judgment.
That's not part of the case.
That's your opinion, judge.
We're not asking for your opinion.
We are asking you to review.
Did Congress authorize this?
Did the executive follow the statute?
Was the Constitution minimums met?
The answers to all of that, yes.
Then the judge decides on those narrow facts.
If he feels the guy was unlawfully arrested, he releases him.
If he was lawfully arrested, then he remains in custody.
That's what it's supposed to, that's what's supposed to happen.
But what actually happened yesterday in Texas?
Executive orders were to go out and arrest these guys.
It is they're enforcing the law aggressively, yes.
But remember, that's up to the administration because you'll remember some administrations say, I'm not going to arrest anybody for any of these laws.
Okay.
That's just as unconstitutional as, you know, any kind of thing that he's doing.
He's not, I mean, he's just saying, I'm going to, I'm going to aggressively enforce the law.
I am going to enforce it every jot and tittle.
We're doing it.
That's not, you may not like it, but that's not unconstitutional.
Then the habeas corpus is filed and the judge dislikes Trump's policy choices.
Strike one against the judge.
They file the petition.
The judge then expands the role and looks at things that are not in question.
He begins to say things, not is it lawful, but is it moral?
Is the administration authoritarian?
Is the administrative motives corrupt?
Is enforcement historically dangerous?
Is enforcement of this historically dangerous?
Who the hell are you to decide that?
Who asked you to decide that?
Who asked you to even talk about that?
Then he issued his opinion and made broad declarations.
The administration warrants are wrong because they're immoral.
The executive branch doesn't have any legitimacy because it's authoritarian.
He goes into historic tyranny, moral condemnation of Donald Trump.
He attributes intent for that.
Where did you get that fact, your honor?
And then he reads scripture to appeals to scripture, which I love.
And then he issues this manifesto.
You should read this manifesto.
It is absolutely incredible.
And he's not doing it to decide the habeas petition.
He's governing.
He's not judging anymore.
He's governing.
So he orders the release.
Now, maybe that's proper.
I don't know because I don't know what the hell he was taking in his facts.
The precedent has been blurred.
The executive branch is now chilled.
The judiciary is politicized and prioritized.
And what is that going to do?
The same thing that it's going to do in Utah.
It invites copycat litigation.
It invites copycats in every other state going, well, they did it.
It encourages forum shopping, undermines neutrality.
You know, and probably the most important difference is supposed to be, this is what the law allows in this case.
But instead, it became, here's what I believe the government should be allowed to do.
That's a crossing.
That's a crossing.
When a judge answers questions that no one asked, they're no longer interpreting.
They're writing the law.
That's not conservative.
That's not progressive.
That's simply destabilizing and not the American way.
My Patriot Supply Reset00:03:27
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if you use the link covepure.com slash blaze covepure.com slash blaze no one is illegal on stolen land Billie Eilish.
Grammys.
Oh, that is so cute.
She also wore an ice out pen.
But she was so brave, so very brave to walk into a room of Hollywood celebrities and say something like that.
So brave.
Oh, so very brave of you, Billy.
Stolen Land and Self-Defense00:02:48
Now, she was saying that, you know, you don't have a country.
There is no such thing as illegal or have a country on stolen land.
You know, the problem is her house, her mansion in Los Angeles, lies on what was historically Indigenous land.
So I'm wondering if she's going to give that up.
I mean, do we have to give up all the land at once?
Are you willing to set the example?
I mean, walk the walk, Billy.
Are you going to give your mansion away and walk away from it and say, you know what?
It belongs to the whoever.
I mean, if you're Hispanic, Span, Spain, Spain, where did your people come from?
From Spain.
Who did they take the land from?
The Aztecs.
Who did the Aztecs take the land from?
For the love of Pete, don't be so stupid.
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Glenn Beck is on.
When Empathy Becomes Toxic00:16:24
Hello, America.
Welcome to the Glenn Beck program.
Well, day number two of the torch, and thousands of people have signed up.
And I was just looking at the countries that are listening to us now online.
We have people in Canada, the UK, Brazil, the Philippines, Spain, Ireland, Italy, Denmark, Netherlands, South Africa, Mexico, India, New Zealand, Barbados, Serbia, one person in Serbia, Hungary, Albania, Bulgaria, Romania, Virgin Islands, France, Czech Republic, Norway, Nigeria, Switzerland, Israel, Vietnam, Bahamas, Colombia, Dominican Republic, Panama, the UAE, and Argentina.
Thank you so much for listening wherever you are and joining us at glennbeck.com.
Join the torch now, become a founding member, and your price will never go up.
And we have some really cool things.
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Okay, Ali Bestucci is joining us in a second.
Hillary Clinton came after Ali Beth.
Another badge of honor for her to wear.
We're going to talk to her about toxic empathy.
I don't understand how they define empathy here because it doesn't, they don't seem very empathetic, quite honestly.
We're going to talk to Ellie Beth about that in just a second.
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Hey, Allie, how are you?
I'm doing well.
How are you?
I am great.
Allie Bestucci, who is the host of Relatable on Blaze TV and author of a great book, Toxic Empathy.
So I found out this weekend that I was in the Epstein files.
And I first went, what?
And then I realized it was him and some other dirtbag writing about basically how much they hate me and my listeners.
And I was like, oh, I got to make a t-shirt.
I was in the Epstein files because they hated me.
I love that.
When you found out.
It's a big compliment.
Yeah, it is, isn't it?
You've got an even bigger one.
You've got Hillary Clinton writing an op-ed about how toxic your toxic empathy book is.
I mean, that's got to feel good.
Yeah.
You know, I was talking to my dad and husband just having a nice afternoon chat, and I looked down at my phone and it started buzzing.
And I got a message that said, Hillary Rodham Clinton just wrote a hit piece on you in all caps.
And I couldn't believe it until I read it myself.
And what's interesting about this is that, you know, my book is not new.
It came out in October of 2024.
So about 15 months later, we've got former Secretary of State Hillary Rodham Clinton taking out 6,000 words in The Atlantic to talk about how terrible my book is.
You know, it is a badge of honor.
It also helps book sales a little bit.
But honestly, I'm just trying to wonder what, try to figure out what her strategy is.
So explain toxic empathy, what it is.
Yes.
Yes.
This is something that she didn't distinguish in her op-ed to no surprise.
You know, I think the left actually understands the concept.
They talk about things like toxic masculinity, and what they'll say is that not all masculinity is toxic, but this form of masculinity is toxic.
And yet, when I talk about toxic empathy, they pretend that I'm saying that all compassion is toxic and bad.
And that's not what I'm saying at all.
I say that empathy becomes toxic when it leads you to do three things to affirm sin, to validate lies, or to support destructive policies.
So your empathy becomes toxic when you feel so deeply for one particular person, a purported victim, that you are blinded to both reality and morality.
You are so focused on this person that you forget that there are other people on the other side of the moral equation.
So, you feel so deeply for the man who says that he is born in the wrong body and is meant to be a woman that you forget about biological reality and ignore the rights and the privacy and the fairness of the girls on the other side of the equation.
So, I think that toxic empathy is really the explanation for the support of all kinds of destructive policies when it comes to immigration, crime, gender, abortion.
And so, it doesn't surprise me at all that progressives don't like that we're giving that a name and calling it out.
So, Allie, explain it, go specific on the use of toxic empathy or the demonstration of toxic empathy, for instance, in Minnesota.
Yeah.
Yes, such a good question.
So, we see this decontextualized image of this young boy, and he's standing with law enforcement officers.
And immediately, and rightly, it evokes a sense of sadness and outrage and pity for this boy who was put in this situation.
And then, a narrative is attached to it.
And instead of asking, hey, is this true or what's the alternative explanation?
Our hearts want to believe that it's true because it seems right that this boy was kidnapped by these ICE agents.
He was separated from his family, and this is the cruelty of the Trump administration.
There's some confirmation bias there, but really, we just feel so deeply for this boy that we believe the victim narrative that has been attached to him.
And then, because of that, you say riots are justified, the protests are justified, and abolishing ICE or defunding the police are all justified in the name of helping little boys like Liam.
The problem is your empathy for that boy has actually blinded you to what is true.
It has paralyzed your critical thinking, so you're not asking the question that all of us need to ask.
How do I know that's true?
What's the greater context?
Can I believe this person?
What are the sources being cited?
And what is the other side of the story that we are not being told?
That is the danger of allowing your empathy to overtake or eclipse your critical thinking skills.
We have to have both compassion and this truth and love approach that is necessary in our critical thinking process as we decide on policy.
You know, when you look at the Democrats, I've got something I'm going to talk about here in a little while about how the things that they're shouting at people, the things they're saying about, you know, I hope you die.
I hope your wife dies.
I hope your children are killed.
All of these things.
And they say, they claim they're doing it out of love.
They claim they're on the side of love.
And those two things don't connect at all.
I mean, that was the genius of Martin Luther King and Gandhi and Jesus.
He connected them.
Your words and your actions must demonstrate love and never cross into hatred or retaliation, revenge, any of that stuff.
And they held the line.
These guys don't have a line.
And so, and I think it's because of the loss of eternal truth.
They've lost, or maybe never had some of them, the understanding of what Jesus was actually teaching or what Martin Luther King was actually teaching.
And so they've become the exact opposite of those, and yet they don't see it.
Yeah, gosh, so many good points there.
There was a book that came out before mine in 2016 that wrote about the dangers of empathy from a secular psychological perspective by a Yale psychologist named Paul Bloom.
And he talks about this concept of being full of empathy but mean as hell.
And what he measured was that in students that measured higher on empathy, that they are actually crueler to the outgroup.
So what happens is you feel so deeply for one purported victim that anyone who you see as in opposition to that victim, so in opposition to the illegal immigrant, in opposition to the woman seeking abortion, you can justify cruelty and hatred against them because in your mind, you are fighting against the oppressor.
And so really what happens there is when you exchange empathy for virtue, Christian virtue, what you're talking about, it actually doesn't make you more loving on the whole.
It actually can make you cruel towards the people that you now perceive as your enemy.
And that is why exchanging the truth and love, exchanging true virtue for empathy is actually a very harmful exchange.
So my concern, the thing I think of every day is how do we point this out?
How do we save people?
Because I think this is why they emphasized on your feelings.
They emphasized your feelings, your feelings, your feelings.
And Ben Shapiro for a year said, facts don't care about your feelings, but that's why they emphasize feelings, because if you concentrate on feelings, then reason shuts down.
And then you get enraged and it shuts down even further.
So you have all of these people that I think they're actually thinking they're doing the right thing, but they've shut down the thinking process so deeply that they're not, I mean, they're just trapped.
So how do you reverse this?
Yes, because feelings also don't care about your facts.
And that's exactly why they emphasize the emotion.
And so yes, facts and logic, all of those things are so important and do have the power.
They can have the power to be persuasive and pull people out of their delusion.
However, I also think that we need to tell the story on the other side of every issue.
Something I do in my book, I tell the story that the media is telling, for example, about a woman who wants an abortion but has been forced by these evil pro-life laws in Texas to keep her child.
And of course, the left sees that as something that is draconian.
But I tell the story from the baby's perspective.
This is what would have happened to this baby had there not been this pro-life law in Texas.
She would have been poisoned.
She would have been dismembered.
She would have been tossed aside like toxic waste.
It was actually because of this pro-life law that she was carried, that she was delivered, loved, and named and buried like the dignified image bearer of God that she was.
Sometimes people need to see that there is another side of the story that demands your heart too.
There are Kate Steinley's, there are Lake and Riley's, there are Molly Tibbetts's who are also your neighbors that need your compassion and your eyes and your love.
And when you allow people to zoom out and show them, there are other people on the other side of this political issue that you're talking about, sometimes that expands their understanding to the point that they can be persuaded by facts.
I'm just making a list here of, as I'm listening to, I'm making a list of the things that led to all this that you have to reverse.
I mean, this is why, you know, feelings were so important.
This is why ends justify the means was so important to them because you can do anything if just what happens in the end is all that matters.
You could justify anything.
Why they kept shouting, shut up, shut up, shut up, don't ask questions, just go along with it.
I mean, all of these things built this army of almost automatons that are just not thinking for themselves.
When you think about those agitators that infiltrated that church in St. Paul, one of the refrains that they were repeating was, hands up, don't shoot.
So still, however many years later, is it 12 years later, maybe, they are still repeating that refrain from Michael Brown's shooting that has been debunked by the Obama DOJ, by the Washington Post.
To your point about the is justify the means, like a lie is justified.
Agitation, violence, cruelty is all justified if you are defeating Nazis, which of course is why the local politicians' rhetoric there is so dangerous, because these people feel absolutely justified in traumatizing elderly women and children because they're doing so in the name of defeating fascism.
Real quick, how do you solve it?
Real quick.
How do we say that?
We all are doing our part to show people there's another side of this story.
I'm on the battleground of Instagram trying to pull people out of this propaganda that women are so easily sucked into and remind them God has given you a brain.
There's a lot of people that make a lot of money based on you being stupid, and you don't have to fall into that trap.
You are a smart person who's able to think and see the other side of this story.
So join me in the journey of seeking truth.
Allie Bestuckey, the name of the book is Toxic Empathy.
The author of the op-ed against that theory and against Allie is Hillary Clinton.
So that is a good endorsement.
And she's also the host of Relatable on Blaze TV.
Ellie, always good to talk to you.
Thank you.
Thank you so much.
You bet.
All right.
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10 seconds and back to the show we check in with uh jason who is in charge of our torch insider feed uh which happens alongside this show If you're watching it on GlennBeck.com or on The Torch and you're a member.
Support the SAVE Act Filibuster00:05:33
What is the big topic among the Torch subscribers today?
Jason, what are they saying?
Hey, Glenn.
A lot of people commenting in from Utah saying that there's a lot of craziness going on with Utah politics and not just Utah politics, but people in other states are saying that, you know, don't forget a lot of these other states.
A lot of shady stuff is happening.
It's almost like the left on a national level has doubled down on not only policies like progressive policies from the Republicans and states like Utah, but campaign financing stuff like what's happening in Texas.
That's worrying a lot of people right now.
I will tell you, the Republicans, the Senate now has the votes for the SAVE Act, but it's going to require Thune to stand up and enforce the vocal filibuster rule.
In other words, you can't just say filibuster and then go home.
You have to talk it out.
You've got 30 days where you can stand up there and filibuster all you want, but then it goes to a vote.
And I'm not sure Thune is going to do that.
I mean, we're going to need to call him and ask politely, ask politely, be nice.
Don't turn people away.
Don't turn people around who we need.
Ask politely, please support the spoken filibuster rule when it comes to the SAVE Act, because that's going to come up to a vote.
And I'm telling you, if we don't get the SAVE Act, here's what the SAVE Act is.
How Democrats can be against this.
Not a single one of them is going to vote for it.
And this is like 80-20 in favor with the American people, maybe even 90-10.
It's the most popular policy.
You have to have ID when you go and vote.
And the Democrats are determined to defeat it because they know once you have to have ID, the vote changes.
And if that, I mean, we should have that even if it would be on our side against us.
We should have voter ID.
How hard is that?
You have to have voter ID to go to a hospital.
You have to have ID if you go pick up medicine.
It's CBS.
You need to have ID everywhere.
If you ever travel on a plane, what kind of people don't have ID?
Some sort of ID.
Well, you might have your Panamanium ID, but you don't have an American.
Well, then you don't vote.
Then you don't vote.
It's just that easy.
And there's all these crazy things that are happening.
And the reason why he was talking about Utah was because Utah just packed the courts.
They just took their Supreme Court and added justice.
The Republicans did that.
How stupid is that?
Jason, I was listening to you during the break before I went on with Allie, and you said there, you were reading something from a student that said they were glad I was talking about it today and used the chalkboard because they understood and they were writing a paper for college class or something.
Yeah, writing a paper.
And a lot of people chimed in and said they want all of your chalkboards on like a database so they can take a lot of this stuff to schools to do this on a larger scale.
So it helps them explain their points.
But they wanted like a big database of all your chalkboards visually so they can change it.
It'll all be done.
By the end of February, we will have every single show I've ever done, every speech I've ever given, every chalkboard I've ever done will be in the database.
And the goal is to soon be able to have, you know, the insiders have people who are torch members be able to say, I need a chalkboard on this, and it will pull it up from whatever show it was, whatever I did.
So you'll have that database.
That's one of the things we're working on.
And we invite you to join us as we help build a powerful, powerful educational tool with the torch.
Join us now.
Join us.
It's 10 bucks a month.
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Refusing to Become What You Oppose00:14:18
Go to gledbeck.com slash torch today.
an insider and get in on the conversations with me right now let me just give you a few quick stories here uh The treasurer of a Democratic organization in Arizona has resigned from the post and was fired from his real estate job after he's caught on video shouting obscenities.
The video was captured at a protest at the Zip Sports Grill after the chain was targeted by immigration officials.
All of Zip's locations were shut down after search warrants were executed at 14 locations on the same day.
This official said, I really regret the manner I expressed myself, blah, blah, blah.
I bet you do.
Or do you, really?
He is on video yelling at women who were taking selfies in support of ICE operations.
And he said, you little effing Cs, nasty girls who love ICE and take photos with them.
And he was berating them, yada, yada, yada.
And I saw that and I thought, how is this a side of love?
How is this a side of love?
I mean, Federman came out and he said, this is not stop targeting ICE and stop targeting their families.
This is beyond what reasonable people do.
This is beyond what people who want to reconcile and come together and build a better nation together do.
There's no coming together after this.
This is why they're talking about rounding people up.
You better watch yourself because we're going to round you up.
Really?
How is that going to solve anything?
How is that going to help us come together in the end?
You can't just have a country.
And I say this to both sides.
We cannot have a country where one side wins and the other side loses.
There has to be a reckoning, a coming to the truth again, a reconciliation with the truth.
And the Democrats are on the losing side of this.
You know, in the LAPD, the chief just came out because they just passed a law.
Governor Newsom said there's a new law and it restricts ICE from wearing any masks.
And he said to the LAPD, you've got to do it.
And the chief said, that's not safe.
That's not safe for them.
That's not safe for us.
Quote, the reality of one armed agency approaching another armed agency to create conflict over something that would be a misdemeanor at best or an infraction doesn't make any sense.
We're not going to do it.
That's a pretty big win.
Katie Wilson, she said she wants the police to gather evidence and start investigating and verifying and documented the activity of ICE for potential prosecution.
The head of the police union in Seattle said, toothless virtue signaling rhetoric like this has already cost two people their lives.
The concept of pitting two armed law enforcement agencies against each other is ludicrous, and it will not happen.
I will not allow the Seattle police members to be used as political pawns.
In Portland, they've gone the other way.
In Portland, they now are awarding grants, public taxpayer dollar grants of $10,000 to anybody who will aid the illegals in their county.
Well, good for them.
And we're talking to Allie about how do you solve this.
I am just struck by how diametrically opposed to everything they say they are, they actually are.
You know, Martin Luther King was pretty genius.
He felt that you just have to hold a mirror up.
You just, you know, somebody who is in invoking his name today, they're no longer practicing this, but moral clarity works if you can still see yourself in the mirror while you're holding it.
He didn't believe that love was a slogan or identity.
He was not into identity politics.
He believed love was a discipline, a costly, deliberate, and humiliating discipline sometimes, but a discipline.
And he said, now, listen, I mean, the guy is so far ahead of his time.
He said, when anger is untethered from moral restraint, it doesn't stay aimed at the system.
It turns on people.
And once that happens, the cause begins to rot from the inside.
People are not refusing the lie that rage equals righteousness.
Martin Luther King knew that.
How are these people who are claiming to be on the side of love missing this?
You know, one of the great deceptions, I guess, of our time is the belief that intensity proves virtue.
If you're so intense about it, then that's your virtue.
No, it's not.
The louder you scream, the more certain the screamer often feels, the less they're listening.
The more you're shouting, the less you're listening, you know.
And without, you know, that moral certainty, without a humility, with just this moral certainty, without humility, you're engaging in self-worship.
You know, when somebody convinces themselves that they are on the right side of history, you stop asking any questions about your own actions right now.
Okay.
We have to become a country that doesn't, we have to understand we can't outrage them.
Okay.
we won't win that way.
We hold, if we have to look at the behavior that degrades human dignity, even when it comes from our side.
and withhold any moral endorsement of that.
Because that unsettles people more than shouting back.
You know, when you name the behavior and not the identity, because people feel when you're labeled, how do you feel when people call you a racist?
Okay.
King didn't say, you evil people.
He didn't say that.
He said, your action is incompatible with justice.
Wow, there is a huge difference between hearing, you're hateful, you're a racist, and, you know, chasing and dehumanizing people contradicts everything you claim you stand for.
And that's what keeps going through my head.
The last couple of weeks, I just keep feeling like that's the kind of conversations we have to have.
You know, this action is just incompatible with justice.
It's not, it's everything you say you're for.
I don't understand.
It doesn't work.
And hold that mirror up.
Reconciliation doesn't mean silence.
It means precision.
So we have to put the mirror because he really truly believed.
I've talked about this for years.
He believed when you put good against evil on the same screen, left and right, Americans will still choose good over evil.
But that starts to fade if you don't start, if everybody is engaging in the same behavior, then that morality that lives inside of us goes to sleep.
So you have to put the mirror next to the slogan because his genius was not shaming.
His genius was contrast.
He'd place professed values right next to the observable behavior and then let the contradiction speak for itself.
And we have that in spades.
You're saying this is about compassion and love and you are calling these women, you know, effing Cs.
How is that love?
Love versus intimidation.
Peace.
How are you for peace if you're harassing?
How are you for dignity if you're obscene all the time?
And if we can be seen always calmly and factually defending ourselves and showing factually and calmly actions that betray stated ideals, people are left with only two options.
You have to choose.
You have to repent.
Or if you're part of that system, I guess another choice you have is you abandon the moral language you've been using as a cover.
But any of those outcomes is clarifying.
And that's what we need.
We need to see things clearly on all sides.
And the hardest truth is that not everybody wants reconciliation.
They don't.
I was on, I recorded something with Piers Morgan.
It's on today with Piers Morgan.
I'm on with him today.
And we were talking about this.
And I said, you know, the problem is we can't hold two thoughts at once, that there are good people that disagree with the way the president is, you know, conducting this.
And then also there are a lot of people that are organized Marxists that believe that this is stolen land, turtle island, and America should be wiped off the face of the earth.
Those two things are true.
And parts, those people, the last group of people, they don't want peace.
They want moral permission to hate.
King understood all of this.
He didn't measure success by immediate conversion, but whether or not the silent majority could still tell right from wrong.
Can the silent majority still tell the difference between right and wrong?
It's not our job to wake everybody up.
It's to keep the line between good and evil visible when others are trying to blur it.
That's the most important thing you can do today.
Keep the line by the way you behave, the way you talk, the way you move, everything that you do.
Make that line so visibly clear that you are good and kind and gracious and loving.
You are firm.
You know what you believe is true.
You don't tolerate lies, but you don't involve yourself in hysteria or shouting slogans or anything else.
If you can help keep that line really clear, Americans will still choose decency.
They will.
Nothing exposes irrational hatred faster than somebody who refuses to dehumanize, refuses to retaliate.
You know, our moms used to say, well, just ignore them.
They'll go away.
And you're like, mom, they won't go away.
But actually, she was right.
There's nothing more infuriating to people than just going, yeah, I don't really think of you.
I'm not going to play that game.
I'm not afraid of you.
I'm not going to play that game.
If you refuse to lie about what you're seeing, calm courage is just infuriating to extremists because it can't be dismissed as evil.
They can't say you're a fascist Nazi if you're not shouting like a fascist Nazi.
They are.
Then everybody standing around goes, wait, which one's the fascist Nazi here?
That's why you have to, this is why King worked.
King believed the greatest weapon against moral collapse was example.
Example.
And that is not weakness.
That is strength under restraint.
What is Donald Trump doing right now with Iran?
He is sending an armada over there.
But at the same time, he is saying, I'll negotiate with you.
Let's negotiate.
He's not, they're screaming all kinds of threats and everything else.
And he's like, I don't want to do any of this.
But if that's the way you're going to play, I'm prepared for that.
But let's sit down at the table and negotiate.
There's a difference.
One works when you have a Judeo-Christian world.
Now that's slipping through our fingers.
And again, that's why you can't surrender the moral language to those who abuse the moral language.
You have to be super, super clear in your own life, in your own day-to-day actions, and everything you do and say online is the most important.
Put good next to evil.
Name the contradiction.
Refuse to become what you oppose.
That's how awakenings have happened before.
That's how they'll happen again.
That's how we will solve this issue.
More in a minute.
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And we realized we had a business here because people don't know how to find great agents.
The Real Estate Agents Trust00:05:37
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You're going to have to hold that thought, my friend.
We got a schedule to keep.
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So, I went into the Apple store last night.
I said to my wife, I said, I need a new iPad.
We got there and she said, you want an iPad or you want a phone?
And I said, I'm tired of carrying around the big iPad.
Maybe I'll get a phone.
She's like, you know, that means you'll have a number now.
And I'm like, I know, and I like that.
I like not having a phone.
That's the greatest thing ever, not having a phone.
It pisses everybody in your life off.
I mean, everybody is like, you don't have a phone.
I've been trying to get a hold of you.
And I'm like, I know you have.
Isn't that suck?
Wow.
I've had a great, I've had a great time.
I didn't take anybody's call.
The only problem is my wife, I mean, you know, I carry my stupid iPad around.
She's like, did you get my text?
And I'm like, no, I was working, honey.
Why didn't you answer your text?
Because I'm on the air for three hours every morning.
You text me during the show.
How am I going to, oh my gosh, now a phone.
And so I got the phone and then I thought, well, I got to block the number because I don't think I'm going to give it to anybody.
I don't want to give my number to anybody because I don't want anybody calling me.
I mean, it's very freeing not having a phone.
You should try it.
I mean, I say to my wife all the time, she's like, I've got stuff to do.
And I'm like, you know, we did that all before we had phones.
And we somehow or another made it.
She just looks at me and gives me the evil eye.
And I'm like, okay, well.
So I don't know.
I don't know.
I got a phone.
Just not sure I'm going to give anybody a number.
And then what is the use of the phone?
Because I don't want to use it.
I don't have anybody to call.
And I don't necessarily want anybody calling me.
You know, call me during business.
Except during business hours, I'm on the air usually.
So it's tough.
I'm tough to reach, tough to reach.
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Simple tool, but it addresses the problems a lot of people have been living with for a lot of years.
The Derivative Trap00:15:38
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Hello, America.
Knowledge is power, and you are going to get an awful lot of knowledge today that you've probably not heard anywhere else.
One of my favorite people in the world is in Justin Haskins.
He is a co-author of mine.
He's written a book on his own now called The Next Big Crash.
And we want to talk about the economy, what Trump is really doing, and the things that you don't know.
Nobody's ever told you.
I didn't even know these things until I read his book.
And I'm reading him like, wait a minute, wait a minute, this kind of changes absolutely everything I ever thought.
He's going to go into some of that in just a second.
The book is out now, The Next Big Crash.
Justin Haskins joins us in 60 seconds first.
Let me talk to you about American financing.
A lot of people are doing everything right.
You're doing it right on paper and you still feel like you're treading water, right?
You're trying to just chip away at debt.
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It starts to feel like your money's working against you instead of for you.
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Justin Haskins is with us.
He is the Heartland Institute Vice President, our Republic Senior Fellow.
I'm not even a junior fellow anywhere.
I don't even know how you become a professional.
I can set that up for you if you want.
Junior fellow sounds like I'm right.
No.
You have to do stuff?
No.
Maybe that's why I'm not a senior or a junior because I don't want to do anything.
But anyway, author of The Next Big Crash, Justin, I admire you so much, as you know, your research.
You have a great research team and your research is impeccable.
And the things that you found that we're going to go through in your book may take us a couple of days this week if you're around, but I think it's so important because I'm not sure when a crash is coming, but somebody asked me just the other day and see if you agree with my answer.
They said, Glenn, what's next?
And I said, well, I can't tell you exactly what's next because an event is going to happen.
I don't know what that event is, but the next big event could be a crash that changes absolutely everything.
Would you agree with that?
Yeah, 100%.
In the first chapter of the book, most of the book is not about what will cause the next big crash or trying to predict when the next crash is going to happen.
Most of the book is about the effects of it.
That's the really scary thing.
But in the first chapter, I talk about these trigger events, all these potential things that are lining up.
And there are so many of them that could cause a crash.
And I think everyone who's watching this show, we want the economy to be successful.
We want the Trump administration to be successful.
He's doing a lot of the right things.
But still, you could have another pandemic.
You could have an AI.
You have war.
You could have war.
You could have some sort of AI event that where you could have Wall Street could shut down.
I mean, the Chinese are hacking into infrastructure.
They're testing things out, trying to figure out a way that there's all kinds of crazy things that could happen.
The derivatives complex, which we talk about a lot in the book, is super dangerous, super dangerous.
The gambling that's going on on Wall Street, really bad.
Things are over.
CDOs are what caused those CDOs is what caused the problems in 2008.
We all knew it.
It was all verified.
We're going to clean that up.
They doubled down, tripled down on those things.
They made it much worse than it was in 2008.
Correct?
Yeah, 100%.
I looked this up the other day.
Derivatives, for those who don't know, a derivative is an investment that's derived.
Its value is derived.
That's why it's called the derivative from some other kind of asset.
But it's basically just, you can think of it as guessing or gambling.
At its worst, it's sort of like gambling.
The derivatives complex is so massive right now.
The total value of all the derivatives is one quadrillion dollars.
Quadrillion dollars.
That's the size of the derivatives market.
Far more value is in the derivatives market than there is actual value underlying it.
So if you have a gigantic crash, everything comes crashing down.
They don't have the assets to support one quadrillion dollars worth of stuff.
It's incredibly dangerous.
A quadrillion dollar.
Is that a trillion trillions?
I don't even know.
I truly don't even.
I don't think we can conceptualize it.
A quadrillion is like when I was a kid, trillion, we thought was like a made-up number.
It wasn't a number.
It was like quadrillion.
I don't even know what that is exactly.
It's unbelievable.
That's insanity.
Insanity.
So in the book, and this is the big part.
The only reason why any of these things, the derivatives complex, any of this other stuff that we're going to talk about exists is because over a long period of time, your property rights were taken away from you and you had no idea that it occurred.
And Wall Street has used this new system that we're going to talk about today to build the derivatives complex, to build all sorts of risky systems within Wall Street that's allowing them to get rich because you no longer have your property rights when it comes to your investments.
Okay, so let's take this one step at a time.
First, when you put money in a bank, unless you're in a private bank, that money is being loaned out to others.
And after 08, the banks got together with Barney Frank and then the Republicans as well and made it so you are the lender of last resort.
And what that means is if I'm the lender of last resort at Bob's hamburger shop and I've ponied up a million dollars to help him build this, but others have ponied up as well.
And I'm the lender of last resort.
It means he's got to, if he goes bankrupt, he has to pay everybody else off.
He can use the money from liquidation and everything else.
And I'm the last one at the trough.
So I get whatever is left if there is anything left over.
When you put your money in a bank in 2008, part of the thing that they did 2008 to correct the system was they made the American depositor the lender of last resort.
So when you're putting your money into a bank to keep it safe, they're loaning it out.
That means you're a lender to the bank.
You're not a customer of the bank.
You're lending them your money.
They put it into whatever they want to put it into, risky.
If it goes away, you don't get your money back.
You're the last in line to be paid.
So the little guy gets screwed every single time.
And I thought that was bad.
But that's the tip of the eyes.
That's what's above the water level that you can see.
Yes, it's so much worse than that.
So much worse than I ever imagined.
So this story that's contained in the next big crash is about this unbelievable conspiracy that occurred over several decades to take away your property rights when it comes to your investments.
So primarily what we're talking about here are Wall Street investments, securities investments.
So stocks, bonds, ETFs, when you think of investing on Wall Street, that's what we're talking about.
In the 1960s.
401k, all of it.
Yes.
In the 1960s and 70s, a powerful special interests working with potentially the CIA, maybe.
We talk about that in the book at length, got together and decided we're going to transform the way people own these investments.
At the time, they were having a paperwork crisis because everything was done on paper in the 1960s and 70s and prior to that too.
So if you bought stock, you would actually get a paper certificate with your name on it.
It was your stock.
And the problem with this is when you're buying and selling and it's happening increasingly more, now you got to do lots of paperwork.
And it was causing problems for Wall Street.
So what they decided was, you know, what if we just made investments, we took all the stock, all the bonds, took everything and we put it all in one institution.
And we made that one institution the owner, the direct registered owner of all of these investments.
And then what we do is we give people contracts so that they have an interest in this, but they don't actually own the asset itself.
Well, that's exactly what they ended up doing.
And in 1970s...
Wait, wait, wait, wait, wait, wait.
I just want to make sure I understand.
So if I have a, not to single anybody out, but a Schwab account, and I have my money, my 401k and everything else, and I have it at Charles Schwab, and they tell me you own this many shares of this and this many shares of that.
I've never received the certificate of ownership of that stock.
They have it.
You're saying they hold it, but they're holding it in a big pile of stuff.
And you get a share of that.
You're not the actual owner of any of that stuff.
You're the owner of a contract that gives you certain benefits related to those shares.
You don't own the shares.
And Charles Schwab doesn't own the shares either.
Only one institution owns the shares.
It's called the Depository Trust Company.
And it's part of the Federal Reserve.
Depository Trust Company.
DTC, part of the Federal Reserve.
So evil.
Yes.
So evil.
They own basically about $80 trillion worth of stock and other securities investments are owned by DTC.
That's the direct registered owner of all of these investments.
So when you go and you buy a stock, you think you're buying stock.
You invest in your retirement account.
You think that you own those things.
You don't actually own them.
You have a contractual interest to the underlying asset, but you don't really own it.
Now, one of the big reasons, one of the big benefits to this system is if you don't really own it, then they don't need your permission to do all kinds of different things with it because they can now, because it's not yours.
So they can lend it out to other people.
They can build the whole derivatives complex, the gambling that goes on, margin accounts, all of these things where you're basically borrowing stock, you're borrowing, you're putting money up to borrow more stock, you're gambling.
All of that is because of this system.
It wouldn't be possible without it.
The whole thing is built on this model that you don't really own it.
So they built this model and they've made a fortune off of it, not only because trading volumes have dramatically increased on Wall Street, but also because now they get to do options tradings and futures and all these other things that they weren't really able to do at scale prior to this.
So they've made a fortune.
But then they got even greedier and they said, you know, there's all sorts of risk involved in this system.
So in the 1990s, they changed the laws again at the state level.
Most of these laws were changed, by the way, at the state level.
1990s, they changed the laws again that gave these big, too big to fail institutions the ability to essentially keep your investments if a financial institution uses those investments as collateral in a loan.
I know this is getting like a little bit complicated, but let's say, for example, you give your money to an investment management firm.
The investment manager goes out and they're not supposed to do this, but let's just say they do.
And we have examples of them doing it.
They use your investments as collateral to go get a loan at another institution at a bank or something, maybe because they're failing and they're desperate and they need to do it.
And they're not supposed to be doing it.
There's regulations against it, but they do it anyway.
Okay.
So they do that.
And then they can't pay the loan back because they're crashing.
According to the laws that are on the books right now, the big bank gets to keep your investments.
The big bank can take your investments as collateral and keep it for themselves, even if the institution wasn't supposed to lend it, put it up as collateral in the first place.
So all of, then there's emergency powers laws that are on the books now.
All of this is in the book, The Next Big Crash.
You can see all of the evidence for yourself.
But this is a extremely dangerous situation that they have built on Wall Street.
And we've had people on the record who built this system saying this was done in preparation for, quote, an Armageddon, an Armageddon-like scenario to make sure that the two big to fail institutions would be protected and individuals could lose everything as a result of it.
It's terrifying.
And most people have never heard of anything.
It's so evil.
It is just, I mean, I am convinced that the Fed and how it was built.
I'm not saying the people of the Fed, although I'm sure there's some very nefarious people in there.
I'm just saying the system that was built is an evil system because it is meant to protect the money and the system and not the people whose lives are the ones supporting all of it.
The ones who are, I mean, when you put a system over people, which they have done, without including the people in any of this knowledge, I honestly, Justin, I've heard a lot of crazy things that I thought that can't be true.
The Evil System Behind Your Bill00:06:09
I've heard a lot of things that I thought were just out and out crazy.
And I've heard a lot of things that I just think are evil.
This is right there at the top of those things.
And, you know, you came to me with this, I don't know, months ago, and we looked into it.
We're like, oh my gosh, he's right.
All of this is accurate.
This is not the, I mean, Justin is very, very good.
You can read about it in the next big crash.
But wait, there's more.
The book is called The Next Big Crash.
It's out right now.
And we'll talk about that a little bit more in just a second with Justin Hess.
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10 seconds station id on the on the torch right now at glennbeck.com if you are an insider and a subscriber and a well this month a founding uh member of torch uh you're going to get all kinds of uh documentaries and things that we have made
This is a little, a short, probably half hour, 40 minute documentary on what's called capital controls, and Justin played a role in that.
I want to play just a little bit of this documentary available now at the torch.
Listen.
Capital controls are when the government, in a panic, steps in and says, we don't like where your money is going.
You can't send that much overseas.
You can't buy that product.
You can't buy crypto.
You can't invest in that stock.
You can't sell that gold without government permission.
And they do it, and they always call it temporary.
And they will always say it's for national security.
But this is what it really means.
You waited too long to leave.
The amazing thing about capital controls is how open many of the largest institutions and government policymakers are about their desire to want to control how people use their own wealth.
Now, you're not going to hear it on the news that way.
No anchor is going to look in the camera and say, ladies and gentlemen, the United States has lost control of its currency and they're locking capital down like a failing regime.
It's not going to happen.
Instead, they will tell you in different ways, and this is why I wanted to do this tutorial.
You need to hear it now so you recognize it the minute it happens, if it does.
I don't remember what it was, Justin, but I heard some of the talk that sounded awful lot like the beginning of capital controls just recently, right during when Trump was in Davos, when everybody was starting to panic, you could hear the beginnings of them starting to say we might lose control.
And that's when gold shot up, silver shot up and everything, because we are really one big event away from something really possibly just catastrophic.
Doesn't have to be catastrophic, but it may be just catastrophic.
Yes.
And we've been talking about this for a long time.
If you've been paying attention to what big institutions and powerful interests have been doing behind the scenes long enough, you realize they've been building infrastructure for whatever comes next.
This current system that we have now is not going to last.
At its core, it's falling apart.
And the debt crisis is a huge sign of it.
I think it's the most obvious part of all of this.
I looked these numbers up.
I actually have that in the book as well.
But we now spend, we add more in debt every four days today in America.
The federal government adds more in debt every four days than the country added in debt in the first 150 years.
So what took 150 years to add in debt, we now add every four days.
And it's getting worse and worse and worse and worse and worse.
The reason gold and silver are skyrocketing is stuff we've been talking about forever is because everyone knows it.
Central banks all around the world know that this is what's happening.
Russia and China are trying openly to create a new world reserve currency as part of BRICS.
China actually just came out.
Xi just came out the other day and said he wants the Chinese currency to be the world reserve currency.
They are actively doing things to try to make that happen.
The whole BRICS alliance is designed to move to a whole new world order.
Trump knows this and he's doing everything he can to stop it.
He's trying to build his own new alliance of nations.
We are headed for a catastrophe, I believe, if Trump can't fix it.
If he can't fix it, if he can't fix it.
I mean, I've never, I mean, I would have said to you just a few years ago, there's no way anybody can fix it this fast.
He's done more in one year than, you know, the WEF and the United Nations.
It took them 30 years to do this.
There's a chance he can fix it, but we shall see more about the economy, Trump and what he's doing, what you have to do to prepare for the next, the coming crash.
More in just a second.
Trump vs. BRICS World Order00:15:47
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starts right now justin haskins who is um the vice president of the heartland institute or our republic senior fellow and the author of the next big crash which is a book that comes out today
It's available everywhere, and it's really worth reading.
It's worth having.
You're going to learn more in this book.
It's kind of like when we wrote the first one we did together, Justin and I.
Well, we did arguing with socialists first, but you're thinking of the priest.
Right, right, right.
Yeah, great reset.
When that came out, nobody knew any of that stuff.
Right.
And people who read it were like, wait, what?
And you were way ahead of the curve.
I think this book is exactly the same as that one, where you're way ahead of the curve.
This is not about how it's going to crash or what's going to cause the crash.
This book is what's going to happen if it does because of things that you just are not aware of.
And you were talking about how, what is it, the DTC?
Yes.
Right?
DTC, which is this organization under the Fed that owns, actually owns all of the stocks.
You think you own stocks in 401k.
You don't.
They own it.
And it's built so if there is a crash, the central banks and all the big banks, they'll be able to use all those assets and they'll survive.
But you don't have actual ownership of any of that stuff the way this is set up.
And as I understand it, it started in the 1960s and they said it's because it's moving too fast.
We can't continue to make these stocks because stocks are trading so fast and there's so many and people will day trade later and there's no time to get them a stock certificate and then have that stock certificate get pulled back, et cetera, et cetera.
Let's just do it digitally, do it quickly, and we'll just all hold them in one, you know, one holding agency and then give people a share of whatever that is.
You don't believe that that was done because of ease.
No.
Well, I do think that was part of it.
I mean, there was a real paperwork crisis and this really did solve that paperwork crisis.
But they could have done that, a similar kind of model, but allowed people to keep ownership of their property.
Sure.
And they chose not to do that.
Why?
Why would they choose not to do that?
Because they knew that if they didn't, if you don't have ownership, then they can utilize those resources to make themselves wealthier and ensure that in, and I think this is really the secret.
And we're going to get into tomorrow how this all came about, the crazy conspiracy behind how this whole thing came about and some of the major players who were involved in it.
But people like the Rockefellers, former CIA officials were involved in it and others.
And I think the reason that they did it was because they wanted to make sure that if things got really ugly, they had control of the system.
You talked earlier about capital controls.
This is what this was all about.
If they needed to, could they tap into those resources and take control of the system?
They put all these emergency powers laws in place that allowed them to do all kinds of crazy things with the economy if they really needed to.
They've been doing that for decades.
And I think it's also not a coincidence that the year that DTC officially went into operation, 1973, something very important happened in 1973 at the exact same time.
We moved away from the gold standard.
It all happened at the same time.
So think about how dramatic of a change we're talking about.
You lost ownership of your investments at the same time that they decoupled gold from the dollar.
And it was the same people behind the scenes pushing for both things.
That's not a coincidence.
They transformed the whole system pretty much overnight.
And most people never realized it because all of this was happening behind the scenes with crazy Wall Street financial jargon and uniform commercial code to state law in all 50 states nobody pays attention to.
Nobody knew what was going on, but they did.
They did it on purpose.
It was ingenious.
And now we're in a situation where if the next, when the next big crash happens, depending on what happens, they don't necessarily have to do this, but if they wanted to, yes, you could end up losing everything as a result of this model.
So does, let me use a word that nobody uses, rehypothecation.
That when what that is, is that nobody, there's not enough gold to go around.
And so they have collateralized everything.
And so they've sold debt and they've made money on it.
And so nobody really, who owns your house?
Is it the bank?
Because the bank probably sold it and then they sold it to somebody and then they sold it to somebody else.
And all of these banks are holding on to this, your house as collateral on their sheets, even though they've sold it several times over.
And so your house is being held by several banks on a balance sheet.
Rehypothecation means when the crap hits the fan, who actually owns your house?
And I've said for years, when you start reading about rehypothecation, run for the hills because that's when the knives come out and they say, wait a minute, you don't own that.
I own that and you won't own anything.
Okay.
But that's when the real crap hits the fan.
Does this, when it comes to stocks and bonds, that makes rehypothecation unnecessary, right?
You're not going to have an argument.
The central banks and the big five banks own it.
Legally speaking, you already don't own it.
So if they, but there's all these laws in place, regulations, really, regulations in place that are supposed to protect the consumer from these institutions taking advantage of the situation.
But the regulations can easily be changed.
And in a crisis, they would be changed.
And there are emergency powers laws in place that would allow them to change it.
And then they put all these other laws in place that say, oh, well, even if the institutions are doing things they're not supposed to be doing, then you're still crap out of luck.
We're not going to protect you.
We're going to protect the big institutions.
And they're all on record saying we have people on record, people who are supporters of this on record in academic papers and otherwise saying the system is so complicated right now with all the derivatives and all the different levels of ownership and everything else that if we got into a big crash where there was a chain of cascading crashes, they couldn't figure out who owns what.
They just couldn't do it.
Now they know who owns it in a strict legal sense.
It's DTC.
But who is entitled to what in that set of cascading crashes?
They don't even know anymore.
It's too complicated and too big.
So the whole thing is built on this idea that if a big crisis happens, the Fed will just print the money and bail everybody out and keep everything afloat.
If the Fed, for whatever reason, can't do that, because I don't know, it might cause an inflation crisis, might kill the dollar, might destroy the economy, then they will tap into these resources.
That is clearly the plan.
They're planning for Armageddon.
If Armageddon happens, that's what they said.
Armageddon's the word they used.
If Armageddon happens, everything will be okay because of this.
It's ingenious.
It's diabolical.
It's evil.
People don't know that it's the case and they need to know.
And by the way, there are state lawmakers trying to change laws to fix part of these problems all across the country.
This has started happening.
And guess who is fighting it?
Big banks, Wall Street firms.
They're going to all these states.
They're killing these bills.
They're scaring the heck out of everybody saying, if you do this, Wall Street will collapse.
And we won't let people in your state be involved in buying stocks or any of these things.
It is just atrocious what's going on.
And people need to know.
That's why I wrote the book, Next Big Crash.
And by the way, I'm not making any money from this book.
All the money from the book, all the profits from the book go to nonprofits that are trying to get these laws changed.
I get nothing, no money from it.
So I am a completely disinterested party here.
You have adopted the Glenn Beck school of business thought.
Congratulations.
You're all right.
It worked so well for you.
Yeah, I know.
I figured, hey, if Glenn's going to make terrible financial choices, I'm going down with the ship too.
That's exactly right.
Good for you.
Good for you.
The name of the book is called The Next Big Crash.
It does not predict the crash.
It tells you what happens when we hit a 2008 or worse.
The next big crash by Justin Haskins, available everywhere.
You get books.
Let me bring Jason in here for a second because we haven't had a chance to talk about what is happening.
Because I think, Justin, and I know you'll agree with this, after watching what the president was doing with Venezuela and then at the WEF up in Davos, let me just show you what the president has done just here recently.
Panama, he's got China and Russia out.
Cuba, he's putting pressure on to collapse to get Russia out.
Venezuela now has the oil reserves.
He used the oil reserves he announced yesterday in Venezuela to sell some of that oil from Venezuela to India, which then forces them to get on the American boat and off of the boat of Russia.
Greenland was all about rare earth minerals, nukes, but also shipping lanes.
He warned Europe yesterday, you guys are not going to make it unless you change course right now.
Iran, he's got an armada in arriving around Iran, and it's much bigger than just an Iran armada.
Ukraine telling them to end the war so we can get out of the Middle East and he wants to get out of Europe as well.
He just is collapsing the UN by pulling out of the WHO and saying we're not going to pay for the UN anymore.
The UN yesterday said we can't pay our bills because the United States did this and you freeloaders are not spending any money on us.
We're about to collapse.
The WEF he took apart last week.
He's now announced today his oil strategy, his rare earth mineral stockpiles and our strategic oil reserves.
I think this guy is setting us up to be self-sufficient in case there is a collapse or a war.
Jason, you think all of this leads to war?
I think he's definitely getting us ready in case it does.
So the battle lines have been drawn.
The strategic objectives for the United States and the West has been solidified.
They're doubling down on the Western hemisphere.
Greenland is not just a pissing contest.
It's an actual strategic goal.
Venezuela, also a very strategic goal.
And the thing with India, all of this stuff is happening just like rapidly, sometimes within hours.
Two weeks.
The India thing, why it's so significant is because for the longest time, India has been very, very savvy on how they balance relationships.
And they would say with their friends of ours, oh, but we're also friends with Russia and China as well.
We'll continue to, you know, buy oil from Russia because, you know, we're just, we're neutral.
Well, Donald Trump effectively got them to stop being neutral, which is very eye-opening because it just looks like people are being forced to choose sides right now, not only for resources, but strategically moving forward.
So it makes me wonder, either they know something we don't know or they're positioning.
They're starting to put the chess pieces on, you know, the board and say, this is the direction it's going.
You're either on this side or you're on that side.
And we're all collectively going to squabble over getting ready for that eventual outcome, whatever that might be.
I think that's what he's doing.
I think he is preparing us for some kind of outcome that is not good.
And the rest of the way, he's setting us up to be ready.
He's doing what FDR did in 1940, 1940, 1939, 1940.
Justin, you want to weigh in on this?
Yeah, I think that's definitely part of the equation.
I think the other thing he's doing is actually trying to prevent warfare from happening by doing this.
Because what was clearly happening under Biden and Obama is BRICS countries like Brazil, Russia, India, China, they were building increasingly more wealth and power and natural resources.
And they were consuming more and more of the world and building alliances now in our hemisphere.
That's what Venezuela is all about.
And Cuba, obviously, has been that way for a long time.
And all of this is leading towards catastrophe at some point in the future.
And they all know it.
I mean, China, I mean, they're very open about what they're trying to do.
They're trying to be the big dog.
No question about it.
The only thing that can prevent that is we have to systematically tear that apart.
And Trump has done more to systematically tear apart BRICS in the last like eight weeks than we've seen in years.
It's unbelievable what they're doing.
Even Nigeria, we didn't talk about Nigeria.
Nigeria was bombed around Christmas time.
Nigeria is also part of the same alliance.
That's the largest country, I think, in Africa, if I remember right.
It's going to be larger than the United States in terms of population.
It could be the African power, superpower in Africa at some point in the future.
They're allied with BRICS and all this other stuff as well.
This is clearly part of a strategy that Trump is saying.
Nope, we're shifting things.
We're not going to be weak any longer.
We're going to, the gravity is going to be the United States.
United States is the world superpower and everyone's going to follow us.
And if you, I see you guys moving chess pieces around on the board, I'm knocking them off.
I'm not allowing that to happen.
That's what Greenland's about.
It really is ingenious in that way.
Nigeria's Rise as African Superpower00:02:58
And I think it could work if he has enough time.
If he has enough time, I think he's going to be remembered as just an amazing mind.
If it works and he has enough time, he's going to be remembered as a refounder.
I think he will be put in a category of an Abraham Lincoln for different reasons.
He'll be a re-founder of America.
All right.
More in just a second.
Justin, you'll be back tomorrow with more on the book, The Next Big Crash.
Get your copy now.
We'll tell you how it started and who was involved on tomorrow's program.
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Dividers can call us names.
We're a threat to the world towards a democracy.
Silly greasy pig.
We just call each other neighbor and friend.
We'll be right back.
All right.
Man, if you missed any of the day's show, you've missed an awful lot.
We started with What's Happening in Space with Elon Musk.
It was something that was announced yesterday.
It is awesome in its scope and its effect.
Also, we talked about Utah expanding the Supreme Court.
Thank you, Republicans.
What are you good for if you're violating everything that keeps the Republic together for the love of Pete and so much more?
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