Glenn Beck rants against Canada, trans killers, and dog-haters while guests Judy Shelton and Sen. Mike Lee propose a gold standard audit of Fort Knox's $11 billion reserves to stop inflation theft. Beck condemns progressive policies fueling the "Islamification" of America via New York dog laws and Rhode Island shootings, arguing these erode Western stability. He warns that government spending destroys savings, urging a shift toward Trump and Rubio to prevent societal collapse and restore economic freedom before it is too late. [Automatically generated summary]
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Glenn Beck is on.
Sarah, I am in no mood for the air raid siren today.
I know that means get your duct tape out because your head's going to explode.
My head exploded about three hours ago.
And let me just start the show with this.
Rush Tax Explodes My Head00:02:33
Let me just start to give you the list of people who are dead to me.
Everybody in Washington, California, Oregon, Minnesota, New York, and Virginia, you're in critical condition.
Dead to me.
Marxists, communists, progressives, and Canadians are added to the list today.
We just took our first big step to becoming Mexico in Texas.
Is anybody going to?
Also dead to me, the DNC.
On life support is the RNC.
I've got them on the Lucas chest compression system and I'm about to unplug that.
Today is not the day to listen if you're wanting the rational, reasonable, Glenn, because I can only do that for so long and then I've got to unload.
You don't have an ability sometimes to just vent.
Let me be your proxy today because all I want to do is vent and we begin with a trans shooter again.
This time in Rhode Island in 60 seconds first.
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Oh, where do I begin?
Well, I promised I would start in Rhode Island.
Welcome to another shooter, America.
It's the gun.
It's not the gun.
It's not the gun.
Transgender Dad and Mental Health00:10:18
Police now have identified the gunman who killed two people and critically injured three others at a high school hockey game in Rhode Island.
It happened yesterday afternoon.
Robert Dorgan, a transgender dad who railed against anti-trans hate in family legal disputes and deranged social media rants.
56-year-old father who shot four family members and a family friend before turning the gun on himself following the deadly rampage at the Pawtucket Ice Rink.
He used a female alias, but nobody was thinking he was a female except maybe him.
Roberto Esposito, Pawtucket police chief.
Tina Goncalves says during a press conference Monday night, we've identified the person by birth name.
The birth name was Robert Dorgan.
How dare her mislabel?
Let me tell you first.
First, let's recognize that this man was a father who just killed his family.
Here's a statement from a daughter who wasn't killed right after the shooting.
Listen to this.
She described that shooting suspect as her father.
She came out of the police department behind me here in tears after presumably being interviewed by police.
My father was a shooter.
Probably.
What happened?
Shot in a family.
And we've dead now.
What was the reasoning of their family argument?
He has mental health issues.
So yes, she goes on to describe those mental health issues a little bit more.
She says that he had been struggling with mental health for quite some time.
She said, quote, he was very sick.
Yeah.
Yeah, you think Roberto Roberta might have been a little sick?
You think?
I am so sick and tired of these so-called health professionals telling us how we are to behave.
Telling us what mental illness is and is not.
Telling us to never say that somebody who thinks that they were born in the wrong body, the definition of insanity is not insane.
That they should not even be asked a single question about it.
You're born in the wrong body.
Shut up, shut up, shut up.
We've got to help this person by mutilating them and filling them full of drugs that God only knows what it does to their mental state.
Oh, and by the way, after we do all this, it won't change their mental state at all.
In fact, it probably makes it worse because now they've done all this stuff and it hasn't changed the way they feel about anything.
And so what do they do?
They pick up a gun.
Oh, you can't say anything.
You can't say anything about that.
How dare you say that?
How dare you?
How dare you?
How dare you, mental health community, you are going to be remembered as the bad guys.
You are going to be remembered forever and ever and ever.
Well, at least probably 100 years, and then we'll forget about it and we'll repeat it just like we did in 1930.
We're doing the same damn things they were doing in the 1930s.
And you know who's causing it?
You know where it's coming from?
Progressive ideas that have embedded themselves in medicine.
We have sick people who need help.
Let me show you a chart.
Look at the number of killers on the shooting graph.
These are the rates by demographic group, mass shooting rates by demographic groups.
Okay?
Four or more fatalities express as rates per million population.
Trans, non-binary is 0.718.
Asian, 0.2.5.
Black, 0.099.
White, 0.088.
Hispanic, 0.047.
Native American, 0.000.
Gee, one of these things is not like the other.
Which one of these has a teeny minuscule population?
Do you think, Doc, maybe something's wrong?
Do you think?
Or do you just think it's the rest of society giving them a hard time that's causing all of this?
They're mentally ill.
Call a spade a spade.
So sick of it.
I'm so sick of it.
We're killing ourselves.
We are literally killing ourselves.
The Tumblr Ridge shooter, transgender.
Annunciation Catholic Church shooter, identified as trans.
Nashville Christian shooter, trans.
Lakewood church shooter, trans.
Colorado Spring Shooter, non-binary.
Denver shooter, trans.
Aberdeen shooter, trans.
Iowa high school shooter, trans activist.
Charlie Kirk's assassin, Tyler Robinson, had a furry obsession and lived with a transgender boyfriend.
Trump's attempted assassin, Thomas Crooks, used the they, them pronouns, had a deep interest in furries, and was exploring gender identity.
Do you think maybe we have a mental illness problem?
Look, America, you want to kill yourself, kill yourself.
I'm just not going with you.
We are committing suicide.
I have a list of stuff I've spent three hours this morning going over, trying to figure out what do I say to you?
What do I say to you?
What do I've said all this stuff before?
I've said it over and over and over again.
For 30 years, I've said it.
I am so sick and tired of saying it.
I am so sick and tired of saying it.
I'm just waiting for the day common sense returns.
I'll be here waiting.
Hope it shows up before we're all dead.
Because if the medical community doesn't kill all of us, literally, look at what's happening in Canada.
And by the way, MAID, it's infected the U.S. There are 18 states ready to pass death laws.
Guess who's going to do it?
Yes, the same people who are bringing you the transgender shooters.
Our doctors and nurses will be killing kids, killing adults, killing old people.
It'll start with the old people.
But believe me, it'll get to the kids.
It already is in Canada.
It'll get to everybody because you can save money.
Exactly what I told you would happen if we passed Obamacare.
Because remember, we'll only use the complete live system if there's an emergency.
Well, what emergency could possibly happen?
I mean, how could we have shortages with health care besides opening our borders, besides our Congress spending every dime we have?
I mean, what could possibly go wrong there?
Don't worry about it.
Don't worry about it.
It's just crazy Glenn saying these things.
That's just crazy.
Just crazy, right?
Anarchists, communists, socialists, Islamists, all working together to destabilize the West and destroy Israel and America.
How is that possibly going to happen?
That's not going to happen.
Oh, by the way, let's say hello to our good, good friend, Governor Gavin Newsom.
He called on Representative Randy Fine of Florida to resign over comments the Republican made about Muslims.
What did he say?
If they force us to choose, the choice between dogs and Muslims is not a difficult one.
Oh, no, he's got to resign right away.
You know what?
Not all Muslims are Islamists, but I will pick the dogs over the Islamist every day and twice on Sunday.
I know what my dog does.
I can't talk to you about what Islamicists do because that would be racist.
I don't know if you heard what this activist in New York said, but dogs are not Islam.
They're not part of Islam and they shouldn't be in the street.
You should not have them in New York City.
You should not be able to have a dog in New York City because it's not Islam.
I don't care.
And you know what?
I'd be happy to announce that every dog is a good Christian.
That every dog is going to heaven because they've accepted Jesus Christ in their hearts.
I'm not going to judge my dog.
My dog is a good Christian.
What a bunch of bullcrap.
They're not Islam.
I don't care if they're Islam.
Welcome to the West.
This is Western Judeo-Christian Western values.
We like our dogs.
Now, I don't like cats, but I don't say that no one should have cats.
You want a cat?
Have a cat.
Communists.
Have a cat.
Have all the cats you want.
I'm never coming over to your house.
I'm highly allergic to cats.
But beyond that, I'm not going to eat at anybody's house where they have a cat who can jump on the counter and I don't know, God only knows what after they put their feet in their own poop.
I don't want it up on the kitchen counter.
Thank you.
I'm not going to eat at your house.
That's my rant with cats.
But you are more than welcome to have as many cats as you want.
You love cats?
Enjoy cats.
I don't.
I don't say to you.
Well, you know what?
They're not really Christians.
Who do you think you are?
You're coming over to our country and you're telling us we can't have dogs?
Screw you.
Don't Let Family Stories Fade00:08:46
I'm sick of it.
And you know what?
It's this little, little things like this.
You're like, oh, blow it off.
Don't say anything.
Don't make a big deal.
It's just cats.
It's just dogs.
Oh, well, they have their right to their opinion.
Yeah, the right to your opinion is what's, that's you taking another step up to the gallows.
America, you're killing yourself because you refuse to say anything.
You're killing yourself because you refuse to stand up for what you know is right.
To hell with you.
You don't like my dog?
That's your right.
You say you want to get rid of them because it's not Islamist.
You know what?
Neither is the United States of America, nor will it ever be.
Over my dead body.
I got to take a break.
I haven't even gotten started yet.
Wait until I get to Canada.
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10 seconds.
let me catch my breath.
I, I, um, before I get to Canada, we go to California.
Do you know that California right now is importing oil from the Bahamas because it's a loophole?
They make sure they're using this loophole.
They go through the Bahamas.
That way they don't have to pay for American ships.
Because if you ship anything to America, from America, you've got to use an American flagship.
So they're actually, they've found a workaround.
Okay.
That way they don't have to pay American vessels or American workers to get their cheap gasoline.
And it's not cheap, by the way.
I just want you to know.
40% now of the gasoline in California imported in November, rooted through the Caribbean hub, because right now they're paying an average of $4.58 per gallon, the most in the country.
You know what happens?
What happens, California, When your world starts to come apart, when there's a disruption in oil at all, and by the way, oh, that never happens.
What happens to your gas price?
You're going to be paying $10 a gas, and I'm glad.
I am happy.
I feel bad for the people who are there in California like, Clenn, I didn't vote for any of this.
I know, but you got to get out.
You got to get out.
If you don't get out, they're going to trap your money.
They're going to do it.
They're going to just take your money.
Do you hear what happened in the Netherlands yesterday?
Netherlands just passed, what is it, a 36% tax for unrealized gains.
You know what that means?
Well, you made money in the stock market.
Well, not really.
I mean, I haven't pulled my money out.
Well, you got to pay taxes on it anyway.
What?
I got to pay taxes on it.
But it's unrealized.
It could go down tomorrow.
And then I would lose money if it went down.
Yep, but it didn't, did it?
You have to pay for those unrealized gains now, but only 38%.
Well, where am I going to get 38%?
Think about this.
You have money in your 401k.
They want 38% of what you have in your 401k every time it goes up.
Oh, okay.
Well, that's going to help me save for the future, isn't it?
This is the stuff that's coming.
It is coming.
Why?
Because this system doesn't work.
And when I say this system, I don't mean the American free market.
We haven't had a free market in this country for over 100 years.
What you are living right now is the Woodrow Wilson nightmare.
You know, every problem, I went over this list.
I mean, I got a huge list of just stuff I want to talk to you about today.
Every single item that we are facing in today's news is directly from progressive policies failing over and over again.
The trans shooter, what is that?
Progressive.
Progressive saying, hey, you've got to accept people of trans.
Normal people saying, well, no, that kind of sounds like a bad idea.
That kind of sounds like you're just excusing mental illness.
How dare you say that?
That's trans.
That trans crap is all progressive values, all progressive politicians, all progressive thought, and it's killing us.
Okay.
The California, $4.58 for a gallon of gasoline, and now they're shipping it.
Now they're shipping it from the Bahamas.
And they're doing it in violation of law.
They're doing it, finding little loopholes so they don't have to hire Americans to do it.
Oh my gosh, it makes me want to break out in, oh, Canada.
Oh, my gosh.
Why is this happening, California?
Because of progressive policies.
All of your taxes.
Here's another one.
Let's see.
Democrats in Maryland are going to put a surcharge on electric vehicles.
Remember the electric vehicles that you had to buy because it was the future?
Yeah, they're going to put a surcharge on them.
So they can advertise, so they can advertise to people, you should buy an EV because it's good for the planet.
Are you kidding me?
And wait until you hear what happened in Washington State with DoorDash.
A $12 meal is suddenly $40 because the progressive policies of making sure everybody is paid a living wage.
DoorDash, good luck with that.
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Canada Chooses Its Partners Carefully00:15:11
You heard the man.
We are not Islamifying the West.
This is our first live torch special coming in March, and it's exclusive to Torch Insiders.
Get it today at glennbeck.com slash torch.
You know, I saw a story about Canada and Mark Carney deciding that he wants to go and have a little, you know, just jam his tongue down the throats of all the Marxist leadership in China.
You know what?
Go do it.
Go do it.
My first response was that yesterday.
This mood started then.
Go do it, Mark Carney.
Do it.
Yes.
Reach for it.
I want you to do it.
Your journey to the dark side will be complete.
Do it.
I'm so sick and tired of countries who all we're asking for is trade balance.
Trade balance.
That's it.
You know, Canada, your last two prime ministers have loved communism, love it, love totalitarianism.
Your policies are so close to matching the Chinese system.
When we watched you arrest all of those truckers during COVID, I thought, wow, Mao, is that you?
I'm having a hard time sometimes differentiating between the Canadian policies from your government and Mao.
This is why I can't ever be president because I would have, I mean, they would have said to me yesterday, sir, stop pushing the button.
We ran out of missiles 15 minutes ago.
But I slept.
And so I got up this morning and I wrote a little speech that I would like President Trump to give to the Canadians.
And if he won't do it, I will.
I'd like the president to come on and say, my fellow Americans and to our friends and neighbors in Canada, we bear no ill will towards Canada.
We love the people of Canada.
But you know what?
Your politicians are pissing us off.
For generations, we have been more than neighbors.
We've been allies.
We've been partners.
We've been friends.
Our soldiers have stood together.
Our economies have grown together.
Our families cross the same border every day in peace because for decades we have believed in the same principles, freedom, accountability, and the dignity of the individual.
But our friendship does not erase reality.
And we have reached a moment when reality demands real clarity.
Let me just say this to Canada and for the rest of the world and for everybody listening to my voice right now.
The world is changing.
The easy things we could have done 25 years ago to get off this highway to hell are long past.
All of the choices we now face suck.
But all of your assumptions of what the world's going to be like are now gone.
Nations everywhere on earth have to make hard choices about who are you?
Who are you?
What do you really believe?
And who do you want to stand beside?
And so I say this with respect.
The president should say with all seriousness.
Canada, choose your partners carefully.
If you choose, and this is what he threatened yesterday, we're going to buddy up with China.
We're going to get in bed with China.
You want us to pay our fair share on tariffs.
You want us to be your friend and pay for some of the things that you guys have been doing for us.
We're going to either cry or we're going to run to China.
Go ahead.
If you align yourself with Chinese Communist Party members, allowing the Chinese state-linked firms into your telecoms, your 5G, your cloud, your ports, your power grids, your satellite, your space, your sensitive minerals, refining and strategic infrastructure, your intelligence systems, any of that, then the nature of our alliance has got to change.
And it has to change not because we want it to, but because the foundation of trust is gone.
Trust, you know, any alliance, the foundation must be trust.
And if that trust is gone, then it has consequences.
So let's talk frankly, Canada, what your choice means.
You're going to do this?
Great.
The government in Beijing is not simply another trading partner.
It is a regime that censors speech and controls information at a national scale.
But why should you even recognize that?
It's what your leaders are already doing in Canada.
They use surveillance and technology to monitor and control its own systems.
Are you doing that yet, Canada?
Because if you're not, once you get in bed with them, you will be.
They detain and repress political and religious minorities.
Doing that yet?
You're going to be.
Punishes dissent.
Silence independent voices.
You're already doing that.
Uses economic dependence as a weapon against other nations.
Oh, you're about to feel that.
And all of these accusations, they're not.
We're not saying that because we're a rival.
They're facts and realities recognized all around the world.
And America is no longer going to ignore these things.
You go ahead.
Get in bed with them.
Go ahead.
We're not going to ignore it.
Neither should any nation that claims to stand for freedom.
We're telling England and the rest of Europe the same thing.
You're killing yourself and we are not going to go down that path any longer.
We were going on that path.
But Canada, you need to choose your partners.
We're saying no.
We say no to the hatred.
We say no to bitterness.
We say yes to clarity.
And there's another thing that really kind of hacks a lot of Americans off.
For generations, Americans have paid an enormous price, not just in blood, but in actual dollars to prepare, to protect the free world.
We're still doing it.
Our sons and daughters fought wars oceans away so the West could live in peace, so you could have free trade, or so they say, so you could ship your goods to China and everywhere else without pirates.
Why?
Because the United States Navy said so.
And it was our taxpayers that funded the shield that allowed you as our allies to invest a lot less in military might so you could be more prosperous.
We paid for it.
And that protection created a dome under which Canada, you flourished, as did Europe and hell, the rest of the world.
And we were proud to do it.
We never asked you for anything.
But the world has changed.
You overspent.
Europe overspent.
And we overspent.
We hollowed out parts of our own industrial base.
We chased cheap labor and short-term gains.
And yes, everybody did it.
You did it.
Our allies did it.
And we did it.
But now the bill is finally due.
So America is just going to start recognizing reality and the price of admission to the next era.
You got to pay for it.
So we asked for something simple and I think fair.
If you want free trade, then let it be truly free.
Drop your tariffs on our American goods and we'll drop ours on yours.
No tricks, no loopholes, just fairness.
That's it.
Because here's the reality.
Numbers, numbers, not slogans, are what makes the next era possible.
70 to 76% of Canada's exports go to the United States.
Do it.
More than three out of every $4 Canada earns from exports comes from access to the American market.
Dump it.
Dump it.
Walk away from it.
I want you to do it.
Your entire industrial system, your energy, your autos, your agriculture, your manufacturing is all intertwined with ours.
In 2024 alone, trade between our nations included or exceeded $760 billion in goods and over $900 billion with services.
You're not going to replace that overnight.
No country can.
We won't either.
If the United States were forced to pull back, if trust were broken, the economic shock to Canada is going to be blinding.
Your factories will slow.
Your investments will flee.
Currency pressure is going to rise.
What do you think the Canadian dollar is really worth?
Supply chains built for generations are going to fracture.
Are we going to feel the pain?
Yeah, we're going to feel the pain.
Of course we would.
Yes.
But let's be honest here.
A country of 340 million people can adjust a little faster than a country of 40 million whose largest customer is us.
The most important thing here to think about is security.
Canada, if you choose to partner with an authoritarian power in critical technologies, especially telecommunications and infrastructure, then you can no longer participate fully in the shared defense system like NORAD.
You want to lose NORAD?
Go partner with the Chinese.
Have a blast.
Defense requires absolute trust.
The minute you start doing anything with telecommunications with China, you're out.
You have to be.
That's not even a choice for us.
It's automatic.
You do it, we're out.
And without trust, we can't protect you.
Now, you might say, fine, China will protect us.
Go ahead.
Go ahead.
Perhaps they would.
History tells us protection from authoritarian powers always comes with strings attached.
You don't like our strings?
Wait until you see the chains that come with China.
Here's the thing the world needs to hear.
America's done playing games.
This is not diplomacy theater.
This is real life.
The world's about to change.
And Canada, you know, my father used to say, all right, before he disciplined me, this is going to hurt me more than it's going to hurt you.
And I never really understood him.
I never believed that until as an adult, I understand exactly what he meant.
Because nobody wants to do it.
I warned you.
I don't want to do it.
This is going to kill me because it's my son.
And the same with friends.
It's going to hurt us.
It's going to hurt us emotionally.
It's going to hurt us economically.
You're our neighbors.
You're our friends.
We don't want this.
Many of us have families on both sides of that invisible line.
But you know what?
Actions have consequences, as my father used to say.
You are standing on the cliff's edge.
Now, here's what I know.
You're not going to jump because you're not crazy.
Canadians are not crazy, but I think your leaders just may be.
But I warn you, don't jump.
Don't jump because this president doesn't screw around.
If you decide to jump into the arms of China, America won't be there to catch you.
Choose freedom.
Choose transparency.
Choose values that built the West.
Individual liberty, ethical responsibility, the moral foundations that shaped our nations.
Because once trust is broken, rebuilding it is going to take generations.
The door is still open.
It does.
But the time for pretending choices don't really matter.
Those days are gone.
And right now, you're writing history.
Careful, Canada.
Choose your partners carefully.
For decades, the United States has carried a heavy heavy burden in blood and treasure.
And we did it gladly to defend the free world.
Do you even understand what that means?
Hell, half of our nation doesn't even understand what that means anymore.
It's worth defending and fighting for.
And under that shield, nations, including our closest allies like you, have been able to prosper without having to carry the military weight.
We carried it for the rest of the world.
It's not a complaint.
It's just the truth.
It's history.
But history is changing because it doesn't work.
I'm sorry, but the United States is facing really hard realities.
So are you.
We've all overspent.
We all hollowed out parts of our industrial brain.
We learned now that prosperity requires responsibility.
And that's the price.
That's the price of admission to the next era.
So we're not asking you for any favors.
All we're asking you for is fairness and a realistic recognition of what we have brought to the table all of these years.
Look, you want truly free trade?
Let's be free.
Let's do that.
Let's do that.
Let competition, not protectionism, decide the outcome.
But understand this.
We're done.
We are done.
Choose carefully.
Back in a minute.
Let me tell you about the Bernal Launcher.
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I mean, it's a good thing my teenagers are no longer teenagers because I might hit them with tear gas.
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The Non-Lethal Bernal Launcher00:08:19
The Burna Compact Launcher is the same non-lethal protection in a lighter, easier to carry profile.
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Faith, family, a full workday.
That's not fascist.
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promo code is blaze welcome to the glenbeck program What are the insiders saying today, Ricky?
And this is the best Glenn I've seen in a long time.
No, it's really not.
It's not the best version of me.
This is saying exactly what I think.
And, you know, they're loving the anger, and I think it's cathartic for them and it's cathartic for me.
I was curious why you started tearing up at one point.
And for those that are listening, you didn't see it.
But if you're an insider, you can go to Glennbeck.com slash George and become one.
And you can see, you could see that Glenn was personally offended by the moves that Canada was making.
I was wondering why it moved you to tears when you were also so close on the anger.
I am angry today because I love my country because I love Western civilization.
Because I love Canada, not as much as I love my country.
But that's not all.
I hear the music coming in.
Jason, can I take a few minutes of the insider, your insider, top of the hour, and explain this fully?
Oh, they want it.
You're in it.
Okay.
If you are an insider, I will explain because we have a great guest coming up next.
Next hour, all about gold.
You don't want to miss this.
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Glenn Beck is on.
Hello, America.
I want to introduce you to somebody that I and my staff are becoming big fans of.
Her name is Judy Shelton.
She is an Independent Institute senior fellow.
She's the author of Good as Gold.
And she has some sway, you know, there at the Fed and in Washington.
And she is actually offering a plan on how we could get back to the gold standard.
Next hour, I'm going to try to explain how the Fed is just destroying our money.
Just destroying our money.
And I'll explain how 2%, the target inflation, is insanity.
Why do we put up with this?
But Judy is here to explain gold, you know, how it's all working, what we need to do, and maybe how we can have sound money again.
We'll talk to her in 60 seconds first.
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Judy, welcome to the program.
How are you?
I'm fine.
And Glenn, I'm so honored to be with you and your listeners.
Thank you for inviting me.
Well, thank you.
Can we just go into a little bit of the past with you?
Restoring Faith Through Gold00:15:26
It's 1989, and you publish a book called The Coming Soviet Collapse.
All the experts say that's crazy.
That's not going to happen.
And just a few months later, the Berlin Wall falls.
What did you see that everybody else was missing?
You know, I'm kind of a green eyeshade accountant by nature.
And I think that when I took on what was meant to be a very scholarly and probably dull project as a postdoctoral fellow at the Hoover Institution at Stanford University, my goal was to study the impact of Western capital on the Soviet economy.
Because it turned out, and you had to look at CIA statistics and some other statistics from government agencies to see this, but Western banks and Western governments were lending twice as much as any of them thought to the Soviet government,
which was really bailing out Gorbachev and all of his programs and not causing the Soviet Union to reconcile with everything it spent on a war machine.
So I looked at the Soviet financial statements and I really analyzed their internal budget figures and it became apparent that it wasn't adding up.
They always showed they had a balanced budget, but in fact they were running a huge budget deficit and they were financing it by printing rubles.
And so it was in analyzing and then recognizing that that I was able to say, and it even surprised me at first, that this country was going bankrupt.
So you did this in the 90s, right before, you know, the Asian crash.
I mean, you have a way of being ahead of the curve.
Where are we today?
Go ahead.
Well, sorry, I was just thinking that book actually came out in January of 1989.
And by December of 1991, there was no more Soviet Union.
So it is wrong to say governments can't go bankrupt.
They can.
And that goes to your question of where are we now?
It's alarming that our own country is running what everyone admits is an unsustainable budget.
We don't even see that over 10 years we have a plan to come close to balancing it.
And yet everyone says, well, this is unsustainable in the long run, but no one ever says this is day one of the long run.
So tell us the truth that politicians will just never say.
What does this look like if we stay on this path?
How long do we have and what happens?
Well, I think that it shows that you don't have faith in the future viability of your country.
To me, it's here we are about to celebrate this year our 250th anniversary.
And if you asked most Americans, do you think we will still be around, let alone standing tall, in 50 years, in 2076, I don't know that you would hear a strong affirmation of yes.
And I think everyone's aware, and we're dealing with the fallout of fiscal deficit spending every day with this dread we all feel from perpetual inflation.
We're never able to catch up, no matter how much we're reassured that wage gains are helping to keep up.
Maybe for some people, yes, maybe for others, no.
And the problem for me is until we establish a beachhead that we're willing to look this problem square in the face and demand honest government, which means an end to deficit spending, which I consider immoral, because you're allowing people to consume today goods and services that haven't even been produced yet, which is robbing the next generation.
And we just need to face this and say we believe in honest jobs, that is productive labor that results in genuine output, that increases real prosperity instead of just being told the GDP has gone up because maybe Wall Street is making out financially.
And we can't have these government shutdowns.
We have to have functional government and just say that we won't tolerate massive government at the expense of private sector growth.
And then I think we need to guarantee honest money.
So I have a very small proposal, which is just to begin to establish a link between what has long been the constitutional money of the United States, that is a dollar defined in terms of gold, as a special treasury offering for people who want that guarantee that they could convert a treasury security to gold redeemability in the future.
And I'm even suggesting 50 years from now, if you believe that our country will still be standing.
I have to tell you, this is the only return to the gold standard idea that I have heard.
And I'm going to explain it in great detail next hour, but it's the only thing that I have heard that actually would work.
Everything else would be too disruptive.
I mean, it would just cause so much pain.
But this one allows us to go back to a gold standard because we know we're going to have to pay it out in gold eventually.
And if people stop believing.
And so it slowly forces us back into the gold standard.
But I've heard so many people say, bankers, et cetera, et cetera, say, Glenn, there's not enough gold on the earth to be able to pay for everything that we have now.
There's just not enough gold to do that.
Well, and I think that's very perceptive of you to see that when people say, oh, they're for a gold standard, or say that I'm for a gold standard, they really don't define what they mean.
It's not a matter of the government having enough gold to cover even the paper money that's out there.
The Federal Reserve has printed something like $4.5 trillion in paper money, and about 70% of that circulates outside the United States.
So our gold holdings, while they are the largest in the world, we have 261 million ounces, and no other country even comes close.
They nevertheless, it might be worth a trillion three.
What I'm really talking about is, in some ways, it's symbolic, you could say, but it's also quite real, because it would be the first time for there to be an official link between the dollar and gold since President Nixon ended the Bretton Woods system, which was based on a gold convertible dollar and ended in August 1971.
It would be a way of saying for bondholders who are willing to lend money to the government.
I mean, we know, as you said, our treasury markets, they need to be stable.
They need to be popular.
But if you had an instrument that said to people who are willing to lend money to our government, but who are maybe skeptical about losing purchasing power of the dollar over the duration of that bond, it's a way of saying you will have a choice at maturity of being paid out in the face value of the bond.
That's a normal treasury security, or you can receive this much gold, a pre-established amount, and it is at your option.
And I think that is a way to say, in a way, we're putting our money where our mouth is, or you could say we're putting our gold where our money is.
We actually have the gold sitting there doing nothing.
It's been doing nothing since 1971, although it is carried on the books of the Treasury and on the books of the Federal Reserve at a value of being worth $11 billion.
So we have a windfall profit right there.
If we were to offer this Treasury instrument and specifically warehouse the gold to serve as collateral, that would do two important things.
One, it would reassure a lot of people who don't even think the gold exists at Fort Knox.
I'm amazed that people don't even trust our government enough to believe it exists.
So I think it demands an audit.
But secondly, how do we know the next presidential administration isn't going to be even more spendthrift and someone gets the bright idea, oh, let's just sell that gold.
And because we haven't reconciled our budgetary dilemma, that money just goes down a rat hole because that's what happened in the UK.
No, I want to lock it up.
I want to lock that up.
Those are the family jewels, but I want to use them as a stake to say we are moving our way toward sound finances and sound money.
Talking to Judy Shelton, she has a book out, Good as Gold.
It actually outlines a doable way to actually get us to a gold standard.
And I think it is the best, I mean, who am I, but the best solution I have heard that's actually workable.
And I hope that our government actually pays attention to this because I think it's really good.
I want to talk to you about the gold in Fort Knox and also what's happening with gold and silver here in just a second.
First, give me 60 seconds and we're back.
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10 seconds.
So we're with, uh, Judy Shelton and she is, uh, the author of the book, good is gold, uh, which is a doable framework to get us back on the gold standard.
You know, the problem, Judy, that I see, you said it amazes you how many people don't believe there's gold in there.
The reason why we don't is there's not an audit.
Why doesn't our government, if there is gold there, why won't our government let actual?
I mean, the queen walked in with a bunch of cameras.
Why won't we do that?
I think that President Trump has a mind to do that.
And Elon Musk has also talked about doing exactly that.
I said it would be a public relations bonanza.
I think it would be a live television tour, and many people would want to watch.
Right.
I talked to him about it.
He was good as gold on it.
He was going for it.
And then it just stopped.
And he's like, no, we're not going to do that.
So you do believe that.
I'm encouraging it.
I brought it up recently.
And yes, but I think there's another aspect.
Physically, the audit has been to, in past years, to just observe that certain seals have not been broken.
But if we're talking about a physical audit, I think that's something much more profound and convincing.
But you also need to ensure that there are no encumbrances.
That is, no financial contracts that in any way represent a lien against that as collateral.
Somebody told me once that, you know, rehypothecation is going to be a real problem because they believed that we have taken our gold and others' gold, and we have our Federal Reserve has just kind of mixed them all together and said, okay, you know, this is for you.
You can print that, but we're also going to use that to back up this money over here and this project over here.
And it's been used over and over and over again that if the crap ever hits the fan, we've used that gold so many times.
Who actually owns it?
Does that make any sense to you?
Well, I think that needs to be sorted out in a convincing way.
That brings out that accounting nerd personality I referred to earlier in myself.
And I think that's an extremely important task.
The Bank for International Settlements in Basel, Switzerland is considered the central bank of central banks.
And gold is still used to facilitate exchanges.
A number of countries have kept their gold for a long time in the basement of the New York Federal Reserve District Bank.
Some of them are requesting that it be returned to their own vaults, which I think is significant.
And gold has long been part of the international financial system.
Alan Greenspand, who was a legendary central banker of the world's most important central bank, our Federal Reserve, has always said that the only truly global money is gold.
The Fed's Enormous Powers00:02:35
You know, I know that Trump nominated you to be on the Federal Reserve Board, which I would have been just cheering for.
And, you know, people came out of the woodwork to make sure that they torpedoed that.
How do you feel about the Federal Reserve?
And I mean, can we start with the 2008 crash?
I mean, that just seemed like a giant bailout for the banks, and everybody else got screwed.
And we set ourselves up for worse problems now.
Well, the thing is, the Federal Reserve keeps for itself enormous powers on the justification that it is in the premier position to prevent financial instability.
So no other institution could be held more responsible for 2008.
The Fed's job is to properly calibrate the demand for money and credit to the needs of the economy.
And no one at the Fed saw that coming.
So we end up having this debacle, and it ends up requiring bailouts, as you say.
And for me, what's bothersome is that the Fed, as a result of that, instead of being chastised, really insisted on enlarging the enormous powers that it already had.
And we saw that under Ben Bernanke as the head of the Fed, our central bank engaged in these massive programs of purchasing treasury debt and mortgage-backed securities and bringing about zero interest rates for seven years.
And I think it was just a stagnant time for the economy.
And remember when President Trump was first running, like in 2015 and 2016, he said, I'm a developer.
Of course, I always like low interest rates.
But he said, this is so unfair for good people who are responsible and who go to the bank and save some money every week.
He said they are getting creamed.
And I think it's this monetary favoritism that has come out of the Federal Reserve's policies that that has caused me to, I ended up being branded a gold bug as if that's kind of a bad thing.
If They Want a Filibuster, Make Them Speak00:15:22
But you have to compare to what we had under a gold standard when we had a trustworthy money unit.
Thank you very much, Judy.
I'm going to get into what she has been talking about, what her plan is here in just a little while.
Also, Mike Lee is going to join us in just a minute about Save America.
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71% of Democrats believe that there should be ID to be able to vote.
71% of Democrats.
It's in the 90s with Republicans.
Overall, it's in the 80s of approval.
It is the most popular bill ever in my lifetime.
I don't think I've ever seen anything this universally wanted to happen.
And we have this opportunity now because of the Republicans.
They have already passed it in the House.
It is going to the Senate now.
Mike Lee is joining us.
He is in the Senate process on the SAVE Act.
We are up to 47 Republican co-sponsors.
The latest one is Susan Collins, which is shocking.
What's next, Mike?
What do you need next?
Well, first of all, we've actually got 49 sponsors.
Susan Collins has indicated support for it, so we're up to 50, which means we're in a position where we would survive a motion to proceed to this.
Motion to proceed to a House pass message takes place at a simple majority vote, JD Vance being available to break the tie.
And I'm still hopeful that we'll pick up a small handful of other senators along the way.
The next step after that is where it gets interesting.
Because we don't have anything close to 60 votes at this point, and although we'd love to pick up that many, we can't be guaranteed that we'll get there in time.
I think this is an appropriate place to restore the talking filibuster to make senators actually speak if they want to filibuster a bill.
A filibuster has long been used since the dawn of the Republic, the creation of the U.S. Senate.
It's been used as a tool by which senators have procedural rights to theoretically unlimited debate.
But throughout time, it's been understood that that requires you to actually speak because that's what the right is.
It's about speaking, about debating through speaking.
This is the Jane Stewart.
Mr. Smith goes to Washington kind of filibuster.
Got it.
That's it.
That is exactly right.
And you keep going until those who are filibustering exhaust themselves until they are exhausted and they can't go any further.
There are some limits on it.
You can speak only twice on the same legislative matter on the same legislative day.
We can remain in the same legislative day for weeks or even months on end, and that has happened for prolonged periods of time in the past.
But over the last few decades, we've sort of lost that part of it.
And we have allowed senators to have the benefits of filibustering without actually going to the Senate chamber, standing up, getting recognized, and speaking.
And so it's become what I refer to as the zombie filibuster.
So you have these two concepts.
You've got the zombie filibuster.
You just say, nah, I don't like that bill.
I'm going to vote against cloture.
Cloture is a vote that takes 60.
It brings debate to a close by force of will of the Senate.
So that's the zombie filibuster.
All you have to do is say, I'm not going to support cloture.
I will vote against cloture, or you vote against cloture when the time comes.
No speaking required.
What I believe is that we ought to, for some legislation, including in especially this one, we ought to bring back the talking filibuster.
If they want a filibuster, make them speak.
We've made it way too easy for them for way too long.
It's time to take action, especially on a bill like the Save America Act that's supported by, as you point out, you know, about more than two out of three Democrats and more than four out of five Americans on average on the whole.
It's not that often you find a bill like this one that is that popular and is still opposed strongly by members of one party in the United States Senate.
This is a case not just of Democrats versus Republicans.
This is about Washington, D.C. versus everybody else.
But the Republicans in Washington are with the people.
Democrats are against them.
Why won't the Democrats?
I mean, I know that it is, it's complex to do it this way.
You have to have a certain number of Republicans all there all the time to make sure that it, you know, you don't change the legislative day.
It just has to keep going.
So you need to have a quorum there.
And, you know, they have to continue to speak.
This, to me, is, you know, Susan Collins said, I'm not for getting rid of the filibuster.
I'm not for getting rid of the filibuster either.
I think this gives the filibuster teeth, quite honestly.
You make it the way it's supposed to be made.
But this is what the filibuster is.
So we're preserving this by restoring the tongue.
Right, I know.
That's what it is.
Correct.
I know.
So I don't know why they say that this is going to destroy, because I think that's just a lie.
But the second thing on this is why are the Republicans seemingly afraid to make these guys stand up in front of the American people, stop the government for possibly weeks on end, to defend something that even their own party is for?
Why wouldn't you see that as a giant win for the Republicans?
Senate Republicans should absolutely see this as a giant win, which it is, undeniably.
Look, the American people understand that we need to be fighting and they'd be happy about this, regardless of the outcome, but especially if we won, which I believe we would.
Now, as far as why some might be reluctant, the best argument I can make is I don't think this is a close call.
I think this is a no-brainer, not just to try to pass it, but to try to pass it through this mechanism by restoring the talking filibuster.
The best argument I can make as to why somebody might be reluctant is that because this has not been done in decades like this, it's been decades since we've done it like that.
People are afraid of what they don't know, what they don't understand.
They're afraid of what is unfamiliar.
And they're also not certain as to how long it might take, exactly how it might turn out.
There is no absolute certain victory here, as there never is in any legislative endeavor or any human endeavor for that matter.
I believe we would.
But there's guaranteed defeat.
There's guaranteed defeat the other way.
Absolute defeat.
Not a doubt in anyone's mind.
There is absolute defeat.
Now, as to why Democrats don't support this, Democrats in the Senate, as opposed to Democrats among the American people who overwhelmingly support this, I'm always a little reluctant to step into the shoes and peer into the mind of another individual.
I don't have that ability.
That is typically something that we associate with deity and something that we mortals can't do.
But one has to wonder, and I think it is very reasonable to ask whether the status quo just works for them, works for them in a way that really ought to trouble all of us deeply.
What if they don't want to discover what's in that box that we want to open?
What if they don't want anyone knowing the extent to which this might now be or might in the future prove to be a source of votes that they might be able to tap into?
What if this flood of illegal immigration that we had between 2021 and 2025, in which 10 or 15 million people came into the country illegally,
coupled with the fact that under the NVRA of law passed in 1993 that has subsequently been wrongly but conclusively interpreted by the courts as prohibiting the states from taking any steps to verify citizenship when someone applies for a driver's license and under the NVRA supplied form,
checks a box and then signs their name saying, I want to register to vote and trust me, bro, I am a citizen and I'm entitled to vote in U.S. elections.
What if that's too big of a prize for them to give up?
That's what's troubling.
It is.
And that's one of the reasons why I find the Save America Act such a compelling piece of legislation.
Why I've been talking about it relentlessly.
So the president, I spoke to the president, I think, last week about this, and I said, we got to do everything again.
He's like, I am so on board.
We do not win another election without this.
And he said, it's got to be cleaned up.
It can only be people who are citizens of this country legally that should be able to vote.
We have to have this voter ID.
He came out on Friday and said he might issue an executive order on voter ID, whether the SAVE Act is passed or not.
Have you talked to him about that?
And do you support an executive order on this?
Well, I've talked to him about this effort on countless occasions in earlier conversations.
He had wondered aloud whether something might be done on that.
I have not talked to him specifically about what that might look like if he were to do it.
And I'm not certain the extent to which he might have executive power.
If he's got it, great.
I'd love to have this problem fixed one way or another.
Let me tell you why, even if he does have that power and is able to issue such an order, we still need the Save America Act anyway.
Because if he issues that order, he's, thank heaven above, or thank the American people.
He's still our president for another three years.
What happens after that?
We need this in law.
We need this in statute.
And it's a lot harder for a subsequent administration to undo a law than it is an executive order.
And it's also a lot harder for them to get this thing halted in court if it's a statute that leaves no ambiguity as opposed to an executive order, which very often is fraught with litigation risks in part because some executive orders end up having to be based on authorities that are not quite as crystal clear as they need to be.
Right.
John Thune is the one that's really going to be making this decision on whether we do this.
Where is he and what is the next step?
What can we do, Mike?
Okay, so a few days ago, John Thune joined on to the Save America Act as a co-sponsor.
He is supportive of the legislation.
I have repeatedly made the case to him personally, privately, and with the rest of the Senate Republican conference, including last week for about an hour to all my Senate Republican colleagues about the need for the legislation and about how I think we ought to go about it by restoring the talking filibuster and how that would work.
He is taking the matter under advisement and is continuing to hear from me and others that we think this needs to happen.
So that is not yet decided, but I am darkly optimistic that we will get to the right place because this is how it has to be done.
All we lose if we try, all we lose is some time.
But it's what we've got on our side.
We need to have this fight.
In the worst case scenario, we try it and somehow we walk away and the thing falls apart.
By the way, I think the only way it falls apart is if we don't have wholehearted support, both from our own Senate Republican leadership and from our Senate Republican rank and file membership.
It would take strong support and a commitment to work as a team on this.
But, you know, we can do hard things.
And I believe this would take some time, somewhere between a few days and a few weeks, I think is the magic ticket.
But because this hasn't been tried in a while, we're not exactly sure how it would end or how long it would take.
But we still have to do it.
Aren't you guys out of session this week?
When does this happen, Mike?
Yes.
Yes.
When do you expect this to happen?
My preference was, and I have been making the case to President Trump and to Leader Thune, that the ideal time to do it would be starting a week from tomorrow, Wednesday, the 25th of February.
I think it would have been perfect, you know, the day after the State of the Union address.
Why Housing Costs Are Rising00:15:53
What happened at the end of last week was highly disappointing, where after this prolonged process and these spending bills in which the Democrats had gotten victory after victory after victory, and they had gotten us to maintain these ridiculous spending levels while cutting spending by a modest degree.
Small victory in and of itself, but its overall spending levels were still too high.
It was still front with all kinds of earmarks and Democrat priorities.
Even after all that, Chuck Schumer and the Democrats said, yeah, after all that, we're still not going to vote to pass that spending package unless you remove Homeland Security funding.
So they pulled that part out and let that ride separately.
Then when we tried to keep that funded last week, rather than saying, okay, you're not going to the Munich Security Conference, Democrats, you're going to stay here until we get this done, we inexplicably recessed for a week.
So this put that off.
So we're going to have to deal with Department of Homeland Security funding when we get back.
I think that was a big mistake.
But I hope that as soon as possible, after we figure out how to keep the Department of Homeland Security funded, we can turn to this bill, the Save America Act, and fix this awful vulnerability in our election security by passing it through the enforcement of the talking filibuster.
Mike, thank you very much.
Senator Mike Lee from the great state of Utah on the Save America Act.
Pay attention to this.
This is vital to our nation.
All right.
Let me tell you about pre-born.
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If you're lucky, the answer is no.
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They have just found out they're unexpectedly pregnant.
Fear has a way of narrowing your vision.
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Glenn Beck.
Would you do me a favor?
Would you say a quick prayer for one of our team members at M1?
One of our team members just had a baby.
His wife is going back to the hospital, massive bleeding, and we just need some divine intervention there.
Please say a word of blessing over that wonderful family.
All right.
The pressure is on you, and the pressure is only going to get harder because I'm going to show you how everything that's going wrong in the world is happening right now today because of progressive values.
We'll measure it next.
Here's something uncomfortable.
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By the end of a long dinner or family gathering, you're worn out, not from talking, but from straining just to keep up.
This is what gradual hearing loss feels like for a lot of people.
You're still present, you're still engaged, but everything takes more effort than it used to.
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This is the Glenn Beck program.
Glenn Beck is on.
America, I want to show you what is actually happening to you in a way I don't think most people are explaining or understanding.
Why is it, you know, your parents could buy a 2,000 square foot home and they could afford it and you can't.
Why?
Why?
Also, why?
It's not just one thing.
Why do we have not enough houses?
Because that's driving prices up too.
I'm going to explain those two things and you will understand how rigged this game is and why everybody in Europe and Donald Trump are saying this system is broken and must be changed.
You will understand the breakage unlike you've ever understood it in 60 seconds.
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Okay.
Why does it feel like you can't breathe?
Every time I go into a grocery store, every time I go into a fast food place, my wife and I went to, I don't remember what, a Chick-fil-A or something.
There's two of us.
And we just order, you know, a couple sandwiches and drinks.
And it was $40.
$40.
And every time I'm shocked by it every time, I'm like, what?
$40?
When did that happen?
I know it happened.
And it's been happening and happening and happening.
It keeps happening.
You're like, what?
And I think of you, honestly, I think of people who work hard every day, play by the rules, and then, you know, you just want to stop and get some fast food and you can't because it's crazy.
And then what are you going to do?
You're going to go to the grocery store and buy, you know, buy food at the grocery store, which, you know, for the two of us, you know, we can spend three, $400.
And you're like, wait, what is this?
What do you do if you're a family of five?
So you can't seem to breathe.
And the biggest expenses in our life are the house that we live in, either the apartment or the home.
Let me start with the apartment.
Why are apartments going up in price?
Why?
You've put 15 to 25 million people into this country that were not expected, we didn't plan for, and they all need a place to live.
Too few goods chasing too few dollars.
Okay?
So that price is going to go up because there's not enough goods.
There's not enough housing out there, not enough money.
So they're going to raise prices.
So you're going to just go over there and you'll spend whatever you have to if you need a house.
Well, that leaves all the other people out that don't have a house and that leaves them disenfranchised.
The other thing is you've worked hard your whole life.
You're 30 years old.
Maybe you're 40.
You still don't own a house.
And you know that your parents bought a house in the 1980s and they had a 2,000 square foot house and it was a nice house.
Okay.
It wasn't a mansion.
It's 2,000 square feet.
It's nice.
But it was theirs and they could afford it.
You're working hard.
You have two jobs.
Why can't I afford a house?
Let me explain this one.
And this one is complex.
So I want to break it down in kind of a story form.
If you'll just bear with me, you're going to understand why people cannot afford a house in a way I think nobody's ever explained to you.
And it starts with the Fed and 2% inflation.
That is their, the Fed's target rate of inflation is 2%.
We haven't been at 2% in a while.
Okay.
But they're trying to get it down to their target of 2%.
And that's where we've been forever, 2%.
Okay.
So let me explain this with builders.
Let's say you're a builder.
And when you go to reach for your tape measure or your ruler, you need a ruler.
And that ruler has to be exact.
It has to be 12 inches.
That's a foot.
Got it.
Everything has to be a foot.
Okay.
It's honest.
It's fixed.
It's regulated.
It's boring.
But what if I could convince builders and bankers and anybody else involved in the construction business to use a ruler that moves?
A ruler that it shrinks by 2% every year.
Okay.
Now, 2%, that's just barely, it's barely noticeable.
You got a ruler and the first year, it's a foot is a foot.
And then the next year, after the first year, it shrinks by 2%.
You're now at, what, 11.75, something like that.
Okay.
So it's not a big thing.
Everybody is still going, okay, well, you know, it's still a foot.
Everybody's calling it a foot, even though it's not a foot.
Everybody calls it a foot because it's close enough.
And every year, people go out and measure land.
Banks write loans and you're buying a 2,000 square foot home.
Well, that 2,000 square foot home is not really 2,000 square feet anymore.
And nobody really notices it until, you know, maybe a decade goes by.
Because now a foot is 18% shorter than it used to be.
A 2,000 square foot home is no longer a 2,000 square foot home.
Just for ease, let's just say a 2,000 square foot home, eventually it becomes a 1,500 square foot home.
But it's still being called a 2,000 square foot home.
Okay.
Because that's what the ruler says.
Ruler shrunk.
Nobody's paying attention to that.
Ruler just keeps shrinking.
So now 2,000 square feet is not 2,000 square feet.
A brand new home that is marked 2,000 is actually a new home that is 1,500 square feet.
So you get in there and you're like, wow, this is a small house.
Wait, is this 2,000 square feet?
Yes, it is.
We live in a 2,000 square foot home now.
It doesn't seem, I mean, this seems smaller, doesn't it, honey?
I know, but it's marked 2,000 square feet.
It's actually not.
It's not.
And then the builders, you look at the price and you're like, wow, it feels smaller.
And it's not that great.
The land is a little smaller.
At least it feels like the backyard is a little smaller.
It's not the same size that you have right now, although it's not.
You know what it is.
It's just material costs, supply shortages, et cetera, et cetera.
And, you know, if you want to upgrade to a 2,000 square foot home, you could, which a 2,000 square foot home would now be a 2,500 square foot house if you were using a solid measuring stick.
Okay.
So you're buying a 2,500 square foot home if you're going to go up.
And then they'll say, well, you're buying more house, but you're actually not.
You're actually not.
Okay.
Because using the funky ruler that they've been using, 2,500 square foot home is actually 2,000.
So you're buying the same house for more money.
And you just take it.
And you sit there.
And then 30 years later, all of a sudden, the ruler has shrunk by 45%.
Borrowers need bigger loans because to buy that 2,000 square foot house, it's just not big enough for you anymore.
I guess, I don't know.
How did my parents ever live in a 2,000 square foot house?
It's not.
It's 45% smaller than it was 40 years ago or 30 years ago.
Okay.
You got to have a bigger house, but it's not bigger.
Does any of this make sense?
I'm trying to explain this in ways you can understand.
What you need is a real ruler, one that never changes, right?
If you have a real ruler, one that 12 inches is the same today, tomorrow, and 40 years from now, 2,000 square feet is 2,000 square feet.
It doesn't change.
That is the gold standard.
A fixed reference point for money.
I could in 1940 walk in.
I could have done it in 1880, 1940, and today.
I could walk in with a $20 gold piece and I could walk into the finest men's store and I could say, my fine sir, I need your finest suit.
And a $20 gold piece would buy the finest suit that you could buy at the time.
1940, I could walk in with the same $20 gold piece and say, sir, I need your finest suit.
Today, I could walk into, I don't know, Saks Fifth Avenue and say, sir, I need your finest suit.
And it would cost me about $5,000.
It's the same $20 gold piece.
It hasn't changed.
Money has changed because I could walk in in 1880 with, you know, what, a $20 bill, $20 in actual money, cash.
Why Your Grandparents' Money Is Worthless00:15:30
That would be worth pennies today.
I could walk in with the money from 1940.
Here's enough money, $20.
It would have bought whatever.
It won't buy that now.
A suit costs $5,000.
You can't walk in with $20.
Okay, right?
Gold is the weight and measurement of money, like inches and pounds.
Okay.
And not because gold is magical, but because it is scarce.
You can't just conjure it out of thin air.
It's durable.
It's widely recognized.
It is historically resistant to political tampering.
You can't, I mean, you know, you just can't make it up.
Money is not just something you spend.
I want you to listen to this carefully.
Money is stored time.
Chew on that for a second.
Give me 60 seconds.
I'm going to come back and explain that.
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10 seconds station.
Glenn Beck is on Okay.
Now, I want you to understand money is not something you spend.
Money is stored time.
Let me explain.
What you did, your labor, your work from 1999 is sitting quietly in a savings account waiting to pay for 2029.
You put that there to save money.
So when you retire, and when a measuring stick is stable, savings are rewarded.
Planning is possible.
Long-term thinking is rational.
Okay.
But when the measuring stick is designed to shrink every year, remember, 2% inflation, that means your dollar gets 2% smaller every year.
You are forced to be on a permanent treadmill.
This is why you can't put money underneath your bed because it's slowly burning up.
You just don't know it.
You are forced to invest it.
Listen to that.
You are forced to invest it.
You're forced to put it out at risk.
You're saving less.
You speculate more because you have to find something that gives you more than 2% every year or it's not going to be worth anything.
So you take risks you don't want to take or you wouldn't take, but you have to just to stay even.
Okay.
A society that does this, they stop building cathedral and they start flipping houses.
And that's exactly what's happening.
The key distinction that most people miss is by the late 1940s, we weren't on a simple gold standard the way people imagined it.
Okay.
I want to show you what all of this means, how Congress and the Fed are stealing from your future.
I wrote a chalkboard up today.
The Fed target is 2% inflation per year.
So you're saving money your whole life.
And what does that give you?
You save money for 30 years.
When you hit 30 years, 55%, 55% is what you actually have.
You've lost 45% of what you had just by holding on to that money due to that one thing of inflation.
Okay.
You save it for 40 years.
You only have 45% left.
You've had a 55% loss.
50 years you've been saving for your retirement.
You've lost 63% of every dollar that you have.
63 cents on every dollar.
You only have 37 cents left for every dollar.
You did everything right.
Okay.
You hit 60 years.
You only have 25% left.
You've lost 75%, 70 years, 20% left, 80% loss.
At some point, you're like, wait a minute, wait a minute, wait a minute.
What is happening?
Well, okay, over a lifetime.
It's a 2% target inflation.
That can mean you lose roughly four-fifths of your money in purchasing power.
And the most damning part of this is moral.
It's not mathematical.
If you work, you save, you delay gratification, you live responsibly, a system designed around permanent inflation tells you, thanks for the discipline.
We're now going to punish you slowly enough that you won't riot.
That's what's happening.
And you're starting to feel it now.
You're starting to realize, wait a minute, my grandparents bought this at this price.
I'm buying this.
And now it's how much?
How much did my parents' house worth now?
And I want to buy something just like that, but I can't afford to.
And it's not even close.
It's in a different world entirely.
That's because the Fed is targeting 2% inflation every year.
That means the government can spend more.
They can use money and do more.
Banks can do more, but you do less.
They're punishing you.
This is why you feel the way you do.
You've introduced 15 to 25 million people into our country.
They weren't supposed to be here.
They are now using our hospitals, our schools.
They're now renting houses or apartment buildings.
And so when you have that, things become scarce.
Rooms in the hospital become scarce.
You're paying now for people who can't afford health insurance or don't have health insurance or just expecting to get free health insurance because they don't have any money.
And they go and use our hospitals, which means that makes it harder for you to get and more expensive for you to have medicine and to see a doctor.
Because this system, you have to pay for it one way or another.
So you end up paying for them.
I didn't invite them in.
What a racist you are.
See how this makes you, as soon as you introduce something like that, it takes you completely off the track of what's really happening.
Well, you've got that going on.
And then also, wait a minute, you're inflating our money.
You're inflating our money.
You keep spending money.
What, don't you not, you don't care about kids?
You don't care.
You just want to starve kids to death.
So, you know, we cut a single penny from this budget and we just can't afford.
I mean, you're going to starve kids.
Well, I don't want to starve kids.
That's not what it's about.
That's all a lie.
That's all of that is a lie.
This is why people in Europe, people here in America, why I delivered a tersely worded monologue to Canada earlier today.
You have to recognize this system.
This is not the free market system.
This is crony capitalism.
I don't even, I hate to even call it capitalism because it's not.
This is just cronyism.
All of these people have figured out a way.
Who gets rich?
If I'm changing the ruler and I'm building houses and I'm building smaller and smaller houses because that's what the measurements say, but I can charge you more and more money for the same house that I built, 2,000 square feet.
Oh, you want one like that?
Well, it's going to be 2,500 square feet.
Who makes more money?
The builder does.
The bank does.
Everybody who's involved in that system, that's what's happening with our banking system and our money.
Anybody who is involved in the making of our money, the storing of our money, the loans of our money, all of this stuff, they're making money hand over fist and they're punishing you for it.
This is why Donald Trump is working so hard to change the system.
I've told you a long time ago, spit yourself out of the system.
This is him trying to spit us out of this system.
We must get out of this system or it will lead to riots.
Because math is math.
And at some point, people have had enough of math.
And they're like, yeah, you've been ripping me off for 40 years.
Enough is enough.
You're out.
That's what he's trying to avoid.
All right.
I'm not sure any of that made sense.
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The infamous chalkboard never died.
It just moved to radio.
If you want to watch Professor Beck teach and connect the dots, you need to join Torch to see it all.
Glennbeck.com slash Torch.
Join now.
Thank you so much for listening to the Glenn Beck program.
And if you're watching us on Torch at Glenn Beck.com slash Torch, thank you.
Now, apparently just spilling out into houses in 145 different countries.
So you're in one of those countries.
I don't know why you're listening, but thank you.
I appreciate it.
I said something a minute ago about how, you know, when people figure this out, riots happen.
And you think of the average person in America now and you're like, riots are not going to happen because they're super polite and, you know, they just keep their, you know, head down and just keep doing.
Yeah, at some point, even the polite say enough is enough.
Okay.
And forget about the ones that you know now that are super polite.
Think about their children.
Think about the kids that are going to college or just got out of college and maybe 30 years old.
And they're realizing, I can't even buy a house.
I can't do what my parents did.
Everything that I was promised is now a lie.
I mean, what do I do here?
Now, so you know, when I said Donald Trump is doing everything he can to change this, he's changing the world order, which is going to involve this.
But also every economic indicator is headed in the right direction.
Well, except for one.
Every economic indicator is headed in the right direction.
The economy is getting better, and he believes in growing the pie, growing the economy, which I'm 100% in with.
When I said there's one indicator that is not, that it's going in the wrong direction, that is government spending.
Because government spending takes that 2% inflation target and makes it almost impossible to achieve.
So it's stealing more money out of your 401k.
And you never even, you don't even notice it.
You notice it when you go try to buy something or you try to retire and you're like, I don't have enough money to be able to retire.
And so, you know, I said earlier today, because I came in a mood, to say the least.
I had some things I had event.
So our number one, in case you missed it, it's an event session.
I had a lot to say when I first got here today because I'm tired of it.
I'm just tired of it.
And I know you are too.
But I looked at all of the news and I thought everything that is going on in the news today.
Let me just give you some of these.
Dogs over Muslims.
Have you heard that story yet?
Somebody in New York said, you know, dogs are not Islamic and they shouldn't be allowed to be house pets in New York.
Go screw yourself.
And so a Florida representative said, I'd pick dogs over Muslims any day of the week.
Okay, not helpful.
But Islamists, I would pick over dogs over Islamists every day of the week, every day, twice on Sunday, maybe four times on Monday.
Okay.
That is the slow rot of our society.
That is us.
If you don't say something and stop it, you will have the Islamification of the United States of America, which is, by the way, our first special on Torch.
We're doing a big, big special.
March 19th.
March 19th.
It's going to be live.
And it's going to be a big special.
You know, we used to do our Wednesday night specials.
These are now different.
They're actually huge specials with newsbreaking things in it.
The Slow Rot of Society00:08:27
We're going to show you the Islamification of America.
It starts with saying things like, you know, dogs have no place in New York and everybody just shutting their mouth and just going along with it because eventually you'll get that.
Now, why do we have that?
Why do we have that?
Because of progressive policies.
Why do we have the transgender shooter in Rhode Island that nobody wants to talk about?
Nobody is willing to talk about what the real problem is, and that is mental illness.
Why?
Because of progressive policies.
Because we were told to shut up about Islamification.
We were told to shut up about transgenderism, even though it's mutilation of people.
It is insane.
It is insanity what we're doing.
And so the medical community with all their progressive politics got in and said, nope, nope, nope, you can't say anything about it.
And people are now shooting one another that are trans way out.
I mean, you want to talk about a hockey stick, Al Gore.
There it is.
Look at the number of shooters from every other category until you get to trans and it's straight up.
It's straight up.
Progressive.
Let's see.
The Dems and DHS and ICE.
Why are we having these?
You know, Hillary Clinton said earlier this week that, you know, we didn't have these problems with Bill Clinton when he did it, when my husband did it, or when Barack Obama did it.
Yeah, you know why?
Because you didn't have Democratic politicians telling their constituents, go get them.
You didn't have that problem.
Okay.
You didn't have anybody in power saying, go get them.
They're Nazis.
Get them.
What do you expect after you've done that for 20 years?
Of course, you're going to have people trying to get them and call them Nazis.
You didn't have riots in the streets.
You didn't have any of this stuff.
That's why they could deport people and Donald Trump is having a hard time.
That's it, period.
It's your progressive policies and what you have chosen to do.
The ends justify the means to get those policies through that have caused the problem.
So we have this problem, the Save America Act.
Why are we doing that?
Because of progressive policies.
They believe that you don't need an ID to be able to vote.
That's insane.
Everybody in America knows that's insane.
71% of Democrats.
See, this proves they're sane.
71% of Democrats say you have to have an ID to vote.
Why are they not following the people?
Because they don't represent the people.
They represent progressive policies.
That's why.
That's their God that they serve.
The Netherlands just announced a 36% tax on unrealized gains.
36%.
That means you have money.
You have it in the stock market.
Every year, the government comes to you, like income tax, and says, okay, how much money did you make on the stock market?
Well, I don't know.
I haven't even checked my 401k in years.
I have no idea because it doesn't matter until I pull it out.
This is government saying, no, no, no.
No, it matters right now.
You made that money.
Well, no, not until I sell it.
Do I have it?
Nope, sorry.
We get 36% of everything you made last year.
Well, are you going to give it back to me when the stock market goes down?
Of course not.
Of course not.
That's insanity.
Progressive policies.
Why do you get there?
Because of progressive policies that don't work and you've spent yourself into oblivion.
Now, listen, I've said this for years.
Man, I got in trouble with the Republicans.
Boy, they hated me right from the get-go because I went to CPAC back in 2009 and I brought the chalkboard and I had John McCain sitting right in the front.
He got up and walked out because I said, let me tell you, progressivism isn't just a problem in the Democratic Party.
It's a problem in this party.
And I pointed people out.
It's that kind of policy.
It comes directly from the Republicans.
So don't think that I don't have a problem with the spending of the Republicans because the Republicans have progressive spending policies.
They don't care.
They don't care.
So why do you have to have, why is it that California is now getting fuel from the Bahamas?
Well, because they don't have any other choice.
Because of their progressive policies, the refineries are all shutting down.
So of course they have to buy.
They have to wait two weeks.
We can get an aircraft carrier from the east coast of America to the Middle East faster than they can get oil or gasoline from the Bahamas to California.
Why?
Progressive policies.
You have Trendiagua.
The Dallas jury was hung yesterday.
Really bad guy.
Really bad guy.
Up for trial.
You're going to convict him of murder?
You know what?
No.
Why?
Because the jury was hung.
Why was the jury hung?
The word is some members of the jury were afraid of ramifications of coming out and putting this guy in jail.
They were afraid they were going to get a mob hit or a gang hit on their family.
Why is that even a possibility?
Progressive policies that brought all these people in.
Everything that you are facing today is a direct result of progressive policies.
DoorDash in Washington state.
DoorDash, you have a $12 order.
When it comes to your door, you know what it costs you now?
$35 to $40.
Why?
because of progressive policies.
The cost of your EV, your electric vehicle, if you're in Maryland is going to go up.
Why?
Because Maryland wants to start doing advertising to tell everybody you should drive an EV.
So if you drive an EV, they're going to tax you so they can run state-sponsored advertising for EVs and you're paying for it.
Progressive policies.
Absolutely everything that is happening in today's world is a direct result of progressive policies.
You want to stop the madness and progressive policies.
That's it.
It's that simple, America.
You make it about anything you want.
You can make it about race.
You can make it about bigotry.
You can make it about whatever, whatever.
None of that matters in the end.
It's just what does this policy do in the end?
And these policies have been tried over and over and over again.
And they think it just wasn't done by the right people.
But this time they're the right people.
No, they're not, because it's not about people.
It's about math.
It's about human nature.
And this doesn't work.
So I would suggest today that we get off the suicide train because we're on it.
The entire Western world is on it.
And all of our enemies know it and they love it.
We are committing suicide in every way possible.
From, hey, let's not say anything about, you know, not having dogs because they're not Islamic to transgenderism to tax policies to the Fed and the 2% inflation rate that they're trying.
Everything.
Everything.
It's suicidal in the end.
Not going to join you.
I invite you to join me, you know, on a train that, you know, leads to prosperity.
I invite you to wake up, see what's actually happening in the world.
Don't forget about how he says things.
Look at what President Trump and his team are actually doing.
Look at what Marco Rubio actually said to Europe, because what he said to Europe is exactly what I told you just now.
Nothing else.
We love you.
We want to be a part of this, but you're committing suicide.
And we were on that train.
We're off that train now.
Join us.
Come the other direction.
That's what's really happening in your country.
All right, back in just a minute.
Wake Up to What's Actually Happening00:05:06
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glenn beck so if you're a member of the torch you know that uh you get a show within the show There's so much that goes on.
I mean, today you got an awful lot extra from me that we're going to the commercial breaks, and I didn't have time to finish or I want to say something.
And then also Jason Buttrill hosts this show within a show.
It's the insider show.
And a lot of interaction.
We get a lot of email and everything else, and they kind of help direct where I'm going.
I kind of really rely on them to see, did I explain that well enough?
You know, et cetera, et cetera.
Jason, what have the insiders been saying today?
You just kicked off with your last monologue, a lot of talk on buying houses, the economy in general.
I'll just go a few a few of these.
Loretta asked you, will the government confiscate physical gold if they go on the gold standard?
So they say no, but I don't believe them.
But I don't think if you do it the way Judy Shelton was talking about today, they don't have to.
I think Judy has the right way of going on to the gold standard, which is a little bit at a time.
You know, you just make it in bonds, long-term bonds, and you're really, you're targeting the people that are actually buying our debt in big bulk.
And so you slowly go on to it, which is really good.
So, no.
Another comment from Small Town Arms.
My kid bought a house and immediately lost 20% of its value.
And then Sherry followed up with more on, she was concerned about her 401k.
She said, how do people protect their 401k?
If you take it out, you get a huge penalty.
What's the best way to protect it?
Leave it alone.
You know, that's, I mean, you know, if your son bought the house, yeah, you're going to lose money.
You are going to lose money on those things.
But unlike cars or any other investment that you could make, that's not really an investment.
A house is.
A house should appreciate with value.
You can't, you've got to look at these things as long-term.
This is why it's so bad with what they're doing in, whatever was it, Norway?
The Netherlands, where they're doing that wealth tax.
They're doing an unrealized gains tax.
Your house goes up.
Can you imagine them coming to your house?
Your house goes up.
You've had it forever.
And they all of a sudden say it's worth twice as what you paid for it.
And then you got to pay taxes on that.
What?
Are you kidding me?
You're going to have to sell your house to do it.
It's just so immoral.
Don't worry about the loss of the gain until you sell it.
What's cool about the insider chat is there's a ton of side debates going on here.
This was another one based off of after what you were just talking about.
JR said, if any of us think the Republicans today are going to help or fix this, we are fooling ourselves.
And then Kelly asked a question specifically, does America need another Tea Party movement to fix this?
I think it's going to get another Tea Party movement, but I think this one is going to be awfully well funded by somebody like Elon Musk.
I don't know what it's going to look like, but if they drop their role on the SAVE Act, it's over for the Republicans.
I really think it'll be over for the Republicans.
And I think Donald Trump might even lead that.
I mean, he wouldn't be a bad guy to help step in and Start a third party.