The Glenn Beck Program - Bernie PRAISES China for Its – Capitalism? | 8/28/19

Episode Date: August 28, 2019

Bernie wants us to know how AMAZING communist China is at raising people out of poverty – but as the massive lines at Shanghai’s first Costco show us, it’s actually capitalism that he should be praising. Instead, the 2020 candidates’ socialist agendas are sounding eerily similar to the Soviet constitution. Speaking of “eerily similar,” Modern Monetary Theory has also been tried before, and EVERY TIME it ended in hyperinflation and collapse! Also, Ilhan Omar’s new boyfriend, Tim Mynett, is getting A LOT of money from her PACs. Oh, and his WIFE is also filing for divorce. Democratic polling qualifications aren’t looking so good for Tulsi Gabbard and Tom Steyer.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Good morning. Hello, Stu. How are you? Wonderful, Glenn and yourself. Oh, my gosh. I've got a great show lined up. We're going to talk about Bernie Sanders and communism in the first hour. Second hour, we're going to talk about a new economic theory, which spells collapse and third hour. Let's do heroin. All coming up. You're really offering?

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It is Wednesday. It is Wednesday, isn't it? Thank you. Thank you. God bless you. It's Wednesday. Socialist Bernie Sanders. One of the leading presidential candidates yesterday

tried to praise communist China. which is in and of itself an interesting thing to do, but he ended up praising capitalism. Capitalism, communism, communism. Where are we headed? That and the Soviet Union's constitution. Tell me where we're headed.

All that coming up in one minute. Somewhere in America, there's a sound of my voice. There is a man standing at a bench or a table. My father used to call it a bench, kneading dough with work-ruff hands. Every day for 20 years, he got up before the sun, dusting off the horizon. He drove across town, and he got there and started making bread and donuts before anybody else was awake. He's on his feet all day, working in an almost forgotten.

gotten art just because it makes other people happy, and it makes him happy. It is truly an art to this man. That was my dad. And there are people just like this all over the country. But he stands in comfort as he sprinkles flowers over the, flower over the milestones of his frontier, because he stands in a pair of Toccova's boots. They were made for people like him, people of character, people of character, with dreams, people on the edge of their frontier, just walking forward every day.

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Here's Bernie Sanders, audio of Bernie Sanders yesterday, trying to praise communist China. But what we have to say about China, infanice to China and its leadership, is if I'm not mistaken, they have made more progress in addressing extreme poverty than any country in the history of civilization. Okay. Bernie, I think you... I do not think those words mean what you think it means.

What he didn't talk about was that it is the free market principle that China's started to enact that they got from us. It wasn't communism. Never before in history of so many people escape poverty in such a short time in the past decades in China. Okay, according to the official World Bank figures, the percentage of extremely poor people in China in 1981 was 88.3%.

By 2015, only 0.7% of the Chinese population was living in extreme poverty. Now, wait a minute. Poor people in China fell from 878 million people to less than 10 million people since 1981. Now, what happened? What happened? Well, under Mao, the state had, you know, an inipotent grip over China's economy.

What happened over the last few decades can be semed up in a couple of sentences. China embraced the tenants of a free market economic system. It introduced private ownership, gradually reduced the influence of the once-all-powerful state over the Chinese economy. Now, they're still communists and is still state-controlled much of it. But you also have these independent companies, these companies that are not collapsing. These companies that are run by the state are collapsing, as we pointed out earlier this week. China had to print

$50 trillion. $50 trillion. $50 trillion. Half of that went right to the state-owned companies that are dying. The state still plays a major role, but it is its free market capitalism. After the death of Mao and the death of communism. Let me give you this story, Bernie. Here's another story for you. Tell me if this sounds like communism or a celebration of capitalism. Quoting the story,

it was no surprise that the crowds at China's first Costco location would be big, but the company wasn't prepared for this. The photos of the opening of the Shanghai location of Costco painted a clear picture of the reports coming out of China, which said that a deluge of Shenzhou, shoppers clogged up parts of the store and built up traffic on roads right outside of Costco, resulting in a three-hour wait for a parking space. Shoppers crowded the meat department, which included the Costco rotisserie chicken and the food court,

elbows and arms were thrown in every direction as customers attempted to pick up various items. The sheer amount of people forced the store to shut down hours early and a text message to members reportedly read in part to provide you with better shopping experience Costco will suspend business in the afternoon. Please don't come. Now, why were they there?

Well, the deep discounts that a Costco membership gives you. This is something spectacular in China. The usual items offered to first-time customers of the Shanghai location had discounts also on other luxury items. The South China Morning Post reported that you could get Prada tote bags and MCM leather backpacks. There is also reportedly an Urme's super popular Birken bag event.

We don't know the prices of it. Even if you did manage to get a big ticket item or even something smaller on a smaller scale such as food Checkout was a nightmare. If you managed to wait the three hour wait to get a parking space, when you got the parking space, you were warned that it could take two hours just to check out all of the parking space. All in all, Costco managed to stay open until 1.40 p.m. Five hours after it first opened. Now, it's a Costco.

We have them everywhere. They're great, but are you waiting five hours to buy something at Costco? No, no. so is it communism Bernie that has everybody excited and is lifting people out of poverty and and if it's communism how come it didn't work under Mao what changed oh these people are crazy truly truly crazy you know there are times there are a few days that I can recall in every broadcaster's life, there's a few days where you're like, wow, really?

I mean, things happen that are so crazy, you can't believe you have to tell the American people about them. Let me give you one. This week, while listening to Barack Obama, talk about the dangers of a rising ocean due to climate change, you're listening to maybe his clips or you're lucky enough to be able to get online and listen to his speech. While he's giving that speech, it's announced that he bought a $14 million beach front home on Martha's Vineyard. Now, I don't know if you have an awful lot of credibility.

If you were giving a speech about how all of our beaches are going to go away and there's flooding, coming and all of the islands will be gone and that day you're buying a $14 million beach front home. That's one of those days that you're like, I can't believe I'm, I can't believe I have

to say this. I can't believe there are some people out there are like, whoa no, wait a minute. How about this one? A day in a life of a broadcaster where you have to say hey, by the way, I'm just going to let you know that Yeah, Hillary Clinton kept a private email server with classified government documents in a closet in her bathroom for more than five years.

She wipes all the hard drives while under investigation, and this week it also looks like the FBI knew about this huge stack of really, really vital documents, and they didn't look through any of them. that's when you look back and you're like, wow, Bernie Sanders praising China, talking about how they're lifting people out of poverty while they are building concentration camps. Really, dude? Are you serious? Today is truly one of those days. This week we've been focused on key economic issues. Hour two all week, we've been explaining what is. is happening, what is coming, using common language, not talking, trying not to talk over

people's heads, trying to make everything understandable because no one on TV will. Monday we looked at the economic system, the situation in which we find ourselves, the long daisy chain of crazy progressive ideas that have been going on for 100 years. Who is wrecking the economy? Well, the answer was all of us. We looked at the trade war with China. We reviewed the fact that China has created more than $50 trillion in off-balance sheet currency, using more than half of that to buy up U.S. and Western nation equities. In other words, they've taken about $15 trillion and put it into our stock market.

You want to talk about a death spiral. Yesterday, we took a deep dive in recessions. We told you how government intervention to prevent or reverse. recessions, creates distortions in the economy. Today, wow, we're going to take a look at a leading proposal for financial policies that is happening right now in Washington. And when you hear it, it's one of those days for a broadcaster where I can't believe I actually have to explain to the nation why just unlimited printing of money with nothing to back

it up is a bad idea. Bernie Sanders, Elizabeth Warren, the squad, Bob Francis O'Rourke, all of them are now saying we can do that, and they're calling it a modern monetary theory. It's not a theory. And I'll explain at the top of hour number two, the next hour on this broadcast, you don't want to miss it. but I want to go to a story where you are seeing them, this one from the Washington Post today, where you are seeing these candidates now say, we can print unlimited numbers of cash because we want to promise everybody certain things.

And as I was reading this story in the Washington Post today, I thought, hmm, I've seen someplace else that guaranteed those other things. And I looked at one of the producers and I said, could you print the Soviet Constitution out for me? Because I think that's where it was. Wait until I read the Soviet Constitution to you or parts of it. Even if you've read it in the past, you won't believe how close the Democrats are to quoting the Soviet Constitution. That's how far we've come. that coming up in just a second

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Let me start with Bernie Sanders again. Now, this is a story from the Washington Post. Washington Post, 2020 Democrats have embraced seemingly every big, left-wing economic idea, except this one. I'm going to explain. Bernie Sanders says every American should be concerned about the rising federal deficit. Do you think he means that? Because I don't.

I don't think he means that at all. Elizabeth Warren has detailed how she would raise enough new to tax revenue to pay for her proposals for universal child care and free college. for everyone. Do you think she cares about the deficit? More than Bernie Sanders, but not enough to stop her from these crazy proposals. Longshot candidate Andrew Yang, who perhaps is best known for the memes around his candidacy, has called for a broad-based consumption tax to finance his signature issue of universal basic income. In a Democratic presidential primary, says the Washington Post, where candidates have championed many ideas once relegated to the far left of American politics, a federal jobs guarantee, forgiveness of student

debt, reparations for the descendants of slaves, there is one left-wing economic position that no one has espoused, and that is the idea of modern monetary theory. Okay, that's not true, Washington Post. It argues that the U.S. government can never go bankrupt and therefore does not need to raise tax revenue to fund new spending initiatives. MMT supporters say it's a mistake to push for lower deficits because that risk contracting spending and as a result slowing economic growth. So what they want to do is they, they, they, they, they,

want to make sure that you have, you never have a recession, you never have a problem with anything like losing your job because the government will just keep things going. Now, I want to go through some of their proposals, and next hour I'm going to show you where they are quoting the modern monetary theory.

So the Washington Post doesn't know it's asked from its elbow on this, because I can find the quote in one Google search. Google hasn't trapped us out of that information yet. So they are proposing this, but I want to show you what they're proposing it for, and then I think we should compare it to the Soviet Union. Now, let me just give you a universal truth. Okay, it's not a theory, it's truth. We've talked about Kandrakiev.

I think that's how you pronounce his name. He was Stalin's economic advisor. And Stalin said, hey, which is better? Capitalism or communism? Now, I know what to say to Stalin. Oh, communism, sir. He thought Stalin was looking for an honest answer. So he goes back, he takes several months, and he comes up with what's called now the Kondraki of wave,

which is there is a spring where green shoots, new ideas sprout up, and then they start to create this great economy, and then we get into summer where everybody thinks it can never end. And then fall comes, and everybody starts saying, wait, we've got to bail everybody out. He said, but capitalism doesn't. The Soviet Union bails everybody out, and so they let, the failures fester, and eventually it sucks everything down, where you just have to realize fall and winter are part of the cycle, which will lead to spring. All that stuff, hibernating or dying, actually helps the soil.

By the way, he was shot in the head. All right, let me tell you about our sponsor this half hour. And if you're at home, you probably have blinds on your windows. And why do you have them? well you can have them you know to keep the heat in or keep the the heat out whichever but really privacy is the reason why we have you know curtains we don't want to be on display like we're at some store it's the same on the internet we don't want to be watched and if you don't you you're kind of a freaky dude if you don't mind people watching everything you do online you got a problem the internet Some companies and most companies track you and use that information to send you ads and invade our online experience. Did you know that Google had startup money from the CIA? Anyway, what you need is Norton SecureVPN.

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Pat Gray has joined us here in studio. And we've had some questions that we've been percolating here since the beginning of the program. You've been in the middle of a very serious monologue. I didn't think it was necessarily the right time to ask. them. But I still in the middle of it. Well, I just feel like the audience is now, especially the audience on Blaze TV, Blase TV. Blase TV.com promo quickly.

The audience on Blaze TV, I know where you're going and they are not confused. So is it, are you wearing two shirts with a hole in it? Or is there a giant towel on your shoulder? It's two shirts and a towel, right? Two shirts in a towel? is it a no I'm glad both of you own guns I'm glad both of you own guns we're yeah we do we do yeah but no I don't I'm glad that has to do with your shirt right the two shirts of the towel this is a shooting shirt oh a shooting shirt oh you can't shoot guns in a normal shirt no no that's not

I've got an extensive shooting shirt closet yes that I did I choose too yeah yeah we put a whole new wing on the house just to store for shooting shirts yes yeah yeah And that's, uh, yeah. You're such jerks. I've got the writing pants in another wing, though. Did you win a wrestling match with a bunch of construction cones? Is that, is that what happened with this particular? No, I had an oompa lupa and a headlock.

I mean, I don't think I've ever. It's great. It's a good look, though. It is. I did think it's well in TV. No, it's good. I like it. I mean, I, I, I, I can see.

You can see me a million miles away. And that's, I guess, the point. point of the shooting shirt is that you're very visible, I would assume. Very good. Yeah. Very good. Aren't something that like Dick Cheney's friends should possibly have been... Are you going to be shooting during the show or

what? No, but I might be. I might be. Unfortunately, I think we're out of range. I was going to leave this show and go shooting. Yes. For example, I really like pajamas, but like I'm not wearing them on national television.

You know, I should have. Despite the fact that I might be sleeping later in the day. I decided to wear class. It's a weird decision making process. I guess maybe I'm out of the norm here. I guess so. I guess so.

Yeah. What were you saying about modern monetary theory, by the way? Can you get back into that? Not much. Not much. Here's where I would, here's where I do want to go. You pigs.

Here's what I do want to talk about. So, So if we've been looking at the candidates that are running for the Democrat, the Democratic position, have you noticed how far we've come to actual communism? They are now talking about, and openly and unashamedly, Bernie Sanders just this week came out, or last week came out with his global warming thing, which takes over industries, It just unlimited printing of cash, unlimited taxation, taking away private property. I mean, it's crazy.

AOC in the New Green Deal, in that it talks about this is the transition from a free market system. So they're all talking about this. And I know that I was reading something from, I think Elizabeth Warren this morning. And I thought, gosh, I've seen this someplace before. And so I printed it up the Constitution of the Union of Soviet Socialist Republics. Now, let me, just stop me if you recognize anything. The Union of Socialist Republics is a socialist state of workers and peasants. The Soviets of Working People's Deputies, which grew and attained strength as a result of the over-themed,

throwing of the landlords and the capitalist to achieve the dictatorship of the people. All power belongs to the working people of a town and a country, as represented by the Soviets of working people's deputies. The socialist system of economy and socialist ownership of means and instruments of production firmly established as a result of the abolition of capitalist system in the economy. Blah, blah, blah, blah, blah. The Soviet property in the U.S. exists either in the form of state property,

possession of the whole people, or in the form of cooperatives and collective farm property. Now, alongside the Soviet system of economy, which is the predominant form of the economy in the U.S., the law does permit small private companies of individual peasants and handcraftsmen based on their personal labor and precluding the exploitation of the labor of others.

The rights of citizens to personal ownership of their incomes, from their work, their savings, their dwellings, the dwelling houses and the household economy, their household furniture, utensils, articles of personal use and convenience, as well as the right of inheritance of personal property is protected by law. Huh. Economic life of the USSR is determined and directed by the state national economic plan. Remember, they had a plan for everything with the aim of increasing public wealth. Pat, did their economic plan, their national economic plan, increase public wealth? Well, in that everybody's wealth pretty much decreased equally.

I think yes, yes. Did when at the end of the Soviet Union, had it steadily improved the material conditions of the working people? Because that's what was in the Constitution. That's what they had to do. It talks about all of the things that now belong to the people, and it pretty much covers absolutely everything. But then there's this part in the former Soviet Union Constitution.

the fundamental rights and duties of citizens. Now, who can explain how people were treated in communist Russia? Either one of you. Are you still focused on the shirt? How people were treated? How were people treated? What was life like in the former Soviet Union? They were oppressed.

They were hungry. I don't know about that. They couldn't go anywhere. Hmm, that's a... They were told what. Jobs they had to move around. Yeah. Told what kind of jobs they could have.

But they were free. What sports they could get into. But yeah, they were, oh, freedom. Oh, are you kidding me? Yeah. Right, right. So here's Article 118 of the Soviet Constitution. Citizens of the USSR have the right to work.

It is a guaranteed right of employment and payment for their work in accordance with its quantity and quality. That sounds familiar. Sound familiar at all? You have a right to work. Yep. The citizen of the USSR has a right to rest and leisure. The citizens of the USSR have a right to maintenance in old age, also in the case of sickness or the loss of capacity.

The USSR citizens have free medical service for all working people. Oh, that's great. provision of a wide network of health resorts for the use of the working people. Again, familiar. Yeah, citizens of the USSR have a right to education. This right is ensured by universal elementary education, by education, including higher education, being free of charge. Wow. Women in the USSR accorded equal rights with men.

the equality of rights of all citizens in the USSR. And that happened, don't you think? Everybody was equal. Oh, yeah. Yeah. Like you could be gay or whatever, and it's not a, I mean, it's still not a problem in Russia. No. Now, in order to ensure citizens' freedom of conscience, the church in the USSR is separated from the state and the school from the church.

So they have in their constitution a separation of church and state. Just like us. Except we don't know. No, it's not there. No, it's not there. No, yeah. Freedom of religious worship and freedom of anti-religious propaganda is recognized for all citizens. Article 125, in conformity with the interest of the working people and in order to strengthen the Soviet system,

the citizens of the USSR are guaranteed by law one freedom of speech be or two freedom of the press three freedom of assembly the freedom to hold mass meetings uh the freedom to have a street process or demonstration the freedom for communications wow this i mean that's sounds familiar too, doesn't it? Mm-hmm. Mm-hmm. Except did they have any of those things? None of those things existed in the former Soviet Union, which is fascinating.

Right. Yeah. Right. Because of Article 126 that says, you know, but if it's anything that goes against what the people want, and remember, it's the deputies that decide what the people want. If it goes against the people, what the people want, and also it goes against the state, then you're deemed a radical and you will be dealt with. Citizens of the USSR are guaranteed the sacredness of the person,

the sacredness of the home, and privacy of correspondence is protected. It is the duty of every citizen to abide by the Constitution, of the Union of Soviet republics to observe the law to maintain labor discipline to honestly perform public duties and respect these socialist intercourse

it is also the duty of every citizen of the USSR to safeguard and strengthen public socialist property as sacred it is the source of wealth and might of the country

any person's committing offenses against the public or socialist property are enemies of the people. Isn't it amazing what happens when the Constitution is a document of positive liberties rather than negative liberties? What do you mean, Pat? I don't know what that means. Well, what I mean by that is that our Constitution is a document of what the government can't do to you. Their Constitution was what it was a document of what the government is going to do for you,

with the exception of unless we don't like it. Right. Or you're not the right person, or you're in the wrong group or whatever it is. Plus, you wind up with the word intercourse in your constitution, which is just weird, right? Like that's a totally separate issue, but I think it's important. Okay, I'm glad from the guy who brought us the shirt news,

but you're also bringing us the intercourse part. You shouldn't put the word intercourse in your Constitution. You should just know better than that. It's wrong. I mean, let's get them a thesaurus. I mean, obviously, it was the free market system that brought us the thesaurus. I just find it incredible how far we've come and how fast we've come to reflecting the, to having people running for president who are.

reflecting the exact principles laid out in the Soviet Constitution, which are 180 degrees. Yes, some of them word for word, 180 degrees in the opposite direction of America and a free market. All right, back in just a second. Despite what the movies say, we're probably not going to wind up living in an apocalyptic landscape dotted by roving zombies and warlords in land rovers.

I mean, first of all, you can't. bring that land rover into the united states it's it's not fuel efficient and the mission standards are totally different and even zombie warlords will abide by that law i'm you know i don't think i'm going to have to trade stew for food i mean i can just change the one letter stu to s te w and i think we're all going to be fine we're headed into national preparedness month which as the name suggests is time to make plans for disasters, you know, the real ones. You've done this, I've done this, by starting and building a food storage plan with

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qualifiers do you need 130 000 individual donors and you need four qualifying polls that show you at two percent or higher 10 candidates have qualified for that already There was really only one who was on the fence as of today, which was Tom Steyer. Steyer had a... That's amazing. Yeah. And the only reason he had... I mean, he's spending a fortune in early states because the early state polls count here.

However, no one's releasing any early state polls. So he's qualified in all the early state polls that have been released, but not enough of them have been released for him to qualify. So there was two national polls that came out today. A couple interesting things. One, Steyer did not hit 2% in either one of them. Gabbard, who's been completely screwed here by the Democratic Party. and she has a legitimate argument as to, you know, they just decided to count the polls she didn't get to 2% in

and not count the polls that she did get to 2% in. She is, looks like she's not going to make it either, barring a last minute flurry of polls. It has to be released today. The other interesting thing is if you remember this Monmouth poll that came out earlier this week, showed a three-way tie basically with Warren Sanders and Biden. The two national polls.

And that's a credible poll. Yeah, very good poll. However, it's one poll. And the two polls that came out today, both also credible polls, have Biden up by 13 and 18. So it does not seem like we're at a three-way tie right now. You're listening to Glenn. First, they proposed universal free health click care, including free unlimited abortions, then free college, then open borders, then universal basic income, then the Green New Deal,

free phones, free internet, free cars, free housing, Guaranteed jobs is what we're up to now. Collectively over $70 trillion in brand new government spending over the next 10 years. 70 trillion. Now, how are we going to pay for that? Well, don't worry. The magic money ferry has arrived. It's called modern monetary theory.

part three in our series this week on what's the economy doing what is Washington doing what are we headed for in one minute is the glimbeck program you know thinking about my thinking about my dad and my dad had a bad childhood growing up and somewhere in the sound of my voice there's a there's somebody just like that and Everybody in my family for like the past five generations has been a baker. I'm just fat. They baked. And my dad worked hard, and he didn't want to be like his dad. My grandpa was, on my dad's side, was a baker who made great breads.

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Tocovus.com slash Beck. That's T-E-C-O-V-A-S dot com. Tocovus.com slash Beck. Tocovus, Westernware, for your frontier. This week we've been talking about economics and what is happening in our country. On a Monday, we looked at our economic system and situation. and examined the long daisy chain of just stupid policy decisions that go against logic, dating over 100 years, both Republicans and Democrats.

Then the next day, the trade war with China, China has created more than $50 trillion, just printed $50 trillion. dollars so you know all the money in the world from every country all the currency just piled up is 60 trillion china just printed 50 we talked to you about the importance of america and how the rest of the world is truly depending on us we looked at recessions yesterday today i want to talk to you about how how politicians are now saying we're going to pay for everything because they're proposing all kinds of stuff. Free universal health care, got it. Free unlimited abortions, got it.

Free college, got it. Guaranteed jobs for all. The new Green Deal, free phones, free internet, free cars, free housing, everything. $70 trillion in brand new government spending over the next 10 years. Brand new, so that's not counting all the spending we're doing on top. Now, how are we going to pay for it? Well, there's this new theory, and it's wonderful, because it's very modern. And you know it's modern when it uses the word modern?

The modern monetary theory, it's MMT. Here's what it says. Governments never need to worry about taxes. They never need to worry about budgets, and they never need to worry about deficits, because governments can print as much money as it ever needs to spend to ensure full employment, zero budget shortfalls, unlimited spending capacity against any need, want or desire. If the government says, you know what, we should have that, they can print the money.

Now, does this sound logical to you in any way, shape, or form? You need to know about MMT because it represents the new, brightest thinking among the liberal intellectual elites and academics. It was first proposed by an economic guru, Warren Mosler, in the mid-1990s. It is now fully embraced by the left, and you have some candidates talking about it on the campaign trail. But one of the leading guys who is an economist at Bard College, said, quote, it's not easy to move people overnight. It's very difficult to communicate these ideas in a way people can understand.

But what's more important is that the conversation has profoundly shifted. We're now talking about big, bold policies that everyone used to say were pie in the sky. Does that sound like Elizabeth Warren? We're talking about something big and bold. And what they're talking about is abandoning everything the world has learned about economics and trying this new theory. Now, if you know what's crazy about this new theory, is why hasn't anyone ever thought of it before? I mean, it seems so simple. If the government wants to buy something, don't raise taxes, just

print more money. Then that seemed great. This theory of finance is so new. As we speak, MMT is being modeled and taught at Harvard, Boston College, USC, and MIT. Traditional models of government financing place the power of the purse in the hands of the people. Because the government has to tax. And it taxes to get its income, so it takes your income, and you have the control knob on government spending because you can vote them out of office. You can say, no, we're not doing this. Now, I'd like to point out that we haven't been very good at regulating,

which is probably why they're now saying, we can spend anything. MMT refrains the way in which governments participate in economies. It completely divorces government by, and spending from the private economy. So rather than taxing or borrowing from the population for its income, the government has an unlimited budget, and it can spend that unlimited budget in its own discretion

by just printing new money any time government leaders determine there's a new need for spending. And there you have it. MMT, completely new, a modern way for governments to have, have unlimited budget so we can have whatever we want and never pay for it. Oh man, am I reminded of the Kipling poem, Gods of the copybook headings, and we had plenty of money, but nothing our money could buy. I find this astounding in its stupidity. So let's look at modern monetary theory because it is riddled with logical fallacies and it completely fails even just a quick glance and examination.

So let's start here. There's nothing modern about modern monetary theory. Using the word modern to describe it simply resurrects and masks the classic con. give a government spending power outside of the will of the people. It's done by generating accounting units. Now, this is really important. What is an accounting unit? An accounting unit is money, currency, currency. You give that accounting unit value by legal declaration. It's worth something. That's fiat. And this can only really be maintained by a monopoly. through the use of force.

There are literally dozens of historical examples of governments using their self-granted authority to print fiat currency to pay their bills. For example, I want you to know all of these have met with

financial disaster, but here are a few of the most noteworthy. The very first paper fiat currency in the world was created by the Tang Dynasty in China. It was during the 17th century a.D. merchants were ordered under penalty of death that they had to accept this new modern currency in trade for goods and services. By 1354, the currency had reached a state of

hyperinflation such as Marco Polo was paid for a single suit of armor from a local lord with 18 chests filled with valueless paper Chinese currency. in the 18th century, France, the Duke of Orleans, and Scottish economist John Law, founded the Bank de General, and they issued paper currency to pay off more than $3 billion in government debt after the death of Louis XIV. Within five years, inflation had reached 23% per month, and then 50%. 55% per month. Eventually, the hyperinflation had bankrupt the entire country, and it led to the French Revolution.

But don't worry about that. Following World War I, Weimar, Germany faced billions in war reparation payments, while simultaneously trying to rebuild its own infrastructure. They didn't have the money. Facing the same default versus inflate dilemma, they thought, you know what? we can issue fiat currency Germany chose to just print paper currency to repay its debts. The result

was 1 million percent hyperinflation. The government was printing $5 trillion mark notes within two years. A dozen eggs in Germany cost 800 billion marks. The resulting economic crash and depression led to the success of the National Socialist party because once you have a crash, you have the opportunity to go to socialism, because socialism

promises to pay for everything. And in that socialist party was a crazy man called Adolf Hitler. The other examples, just to state a few, the Confederate states of America, World War II France, Soviet Russia, Eva Peron's Argentina, communist Vietnam, modern day Greece, Zimbabwe, Venezuela, Do we need to go on? Literally, every time the printing press has been used as a means for government to pay for expenses, the result has been hyperinflation and eventually a currency default and total financial collapse. There are zero. Let me count them again.

Zero. Zero. historic examples of governments using fiat currency for deficit financing where the fiat currency doesn't end up valued again at zero more in just a second you know when the pioneers settled this country they had to cross west uneven swaths of land and they were doing it in a conestoga wagon um and i and and we have a conestoga wagon we have one says sitting in our hallway in the studio, our main atrium. And it's from the 1800s.

And I look at that every time, and I think, your butt had to hurt so much. Can you imagine crossing the country in one of those things? You're back in your butt. We live in a world where you don't have to worry about any of that. I have a hard enough time with my own back. I'm not riding around in a bumpy prairie all day on a wood board. That's why Americans have invented the X-Chair.

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1-8-44-4-X-Chair. X-Chairbeck.com. We pause for 10 seconds, station ID. All right. Now, literally every time the printing press has been used as a means for government to pay the expenses and they just print money, it always fails. So modern monetary theory has nothing to do with money. This is really important.

It has everything to do with currency, nothing to do with money. This is one of the logical fallacies of MMT. It's the belief that governments can create money. They cannot. They can print currency. Now, AOC, Bernie, Elizabeth Warren, all of them, they... I think maybe it's time we let them in a little secret that they don't teach on college campuses anymore. And I want you all to lean in real close.

Okay? Squad, are you there? Governments cannot create money. Governments create currency. Currency, a medium of exchange for financial transactions. Currency is an accounting. unit standing in for real money a unit of currency just represents something that has real value that's what currency is instead of walking around with a bar of gold or a bar of silver in your pocket you have one thin piece of paper it be hard if we dealt in bars of gold but that paper represents something what is that

Well, a belief that there is actually something of value backing it up. If governments could create real money, that would be quite a magic trick. Wait a minute, isn't that what the alchemists were trying to do? Create real money? Create gold out of nothing? If we could create real wealth, none of us would ever have to work again. The problem is that wealth creation is a process of invention, risk, application of resources to generate something that has a market value.

Wealth creation is entirely due to the effort, invention, sacrifice of the people. Governments are not a component of wealth creation. They actually are a wealth destroyer. Now, MMT assumes that all you need for wealth or value to exist is currency. Isn't that great? Tell the people in Weimar, Germany that. Tell the people in Venezuela. You got plenty of money.

Look at that. You got a trillion dollar note in your pocket. Man. Now, if currency is made available, they believe, people were reacting. to the currency by selling things, good services, land, and labor to the government. But it's only true if the currency that they're provided with is exchangeable for real money, something of real value. Currency only has value as long as people believe it can be exchanged for something of real value.

The moment that changes, the moment the people are like, this isn't worth anything, currency instantaneously stops being a representative of money so modern monetary theory is not a theory because the theory is an unproven idea against which a process of experiments can test that hypothesis

to provide empirical data which prove or disprove the theory once a theory has been tested and it's reliably proven or disproven, well, then it's not a theory. It becomes a scientific or mathematical law. That fits this perfectly. Dozens of countries, hyperinflation. This isn't a modern monetary theory. It's an antiquated currency law. Life is so busy sometimes between family and your career. Who has time to, you know, really do all of the hard work in heavy lifting when you have to find a great Real estate agent, how do you do it?

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dot com. Christmas stories with Glenn Beck. It's almost sold out in Salt Lake City, December 7th at Kingsbury Hall. Just print up some money and get your tickets today. I want to talk to you today about what you're hearing from the candidates. So you can truly understand they are serious about adding $70 trillion of debt or spending to our bottom line over the next 10 years. $70 trillion. They are also serious about changing our country fundamentally. Our Bill of Rights are the things that the government cannot do. They want the things that the government must do for everyone.

Free housing, guaranteed jobs, guaranteed access to X, Y, and Z, free college, all of these things. Well, that costs money. So how are they going to pay for it? Well, the first thing they're going to do is get rid of this evil capitalist system, and then they're going to start taxing people. Okay, well, I just want you to know that's not going to be a smooth transition. You start moving away from the free market, which Elizabeth Warren, Bernie Sanders,

they're all saying it. You start moving away from a free market. I mean in significant ways. Under the guise of global warming, the entire world is going to go down. Now it might reset because it's going to be so great when we just are taxing everybody and everybody's working as one.

It's such a utopian idea. It's going to work this time. It will be different. But what do they do? Because you can't raise enough tax money to pay for the 70 million. Thus, the modern monetary

theory. The theory is, governments don't have to raise taxes. They don't. All they have to do is print money. And it's really, really simple. You do that, and everything is great.

Why even go to the people for taxes? Man, why didn't we think of this? Why didn't we think of this before? So I've been going over it now. Let me just give you one final nail in the coffin of MMT, or as I like to call it, antiquated currency law, because this is a law. It's not a theory.

We've tried this. The world's tried this over and over again, beginning with the Chinese and ancient China. It doesn't work. It never works. But the final nail should be that it completely disconnects government spending from the will of the people. Nobody likes taxes, but taxes provide a check against a runaway government spending and what they're spending it on. If they don't have to

come to you, do you think they're going to have a problem funding things that you don't want? Now, that's the last failure, the logical fallacy that MMT advocates. In a notion of, in their notion of things runaway inflation can be mitigated because if inflation starts to get out of control, the government can reduce government currency spending and or raise taxes to remove currency from the circulation, thereby fighting inflation. It is not a surprise that it is academics who came up with this, because academics have absolutely no connection to the real world. Their idea is that if printing trillions of dollars in new currency to pay for health care, abortions, the Green New Deal, guaranteed jobs, guaranteed houses, free education, results in inflation,

well, the government will just stop paying for those social programs and raise taxes. In what kind of bizarreo fantasy alternate universe world do these people live in? ivory tower crackpots like this are the ones who gave us postmodernist ideas like gender fluidity and toxic masculinity syndrome. But in the real world, politicians do not stop paying for social programs. Why? Because they're human beings who want to stay in power. They definitely don't cut those services while raising taxes. That's the reason why there are no instances of MMT actually working in the country. real world. You don't have to live in a theoretical laboratory where human politicians are replaced

by robots and voters completely understand why their health care, why their health care gets cut off. It's also the reason why academics should never be involved in real world policymaking. The founders of our nation, they knew this. They were lawyers, they were farmers, they were preachers, preachers, they were soldiers, they were inventors, they were merchants. They'd seen the hyperinflation in France in the 18th century, which is why fiat paper currency is strictly prohibited in the Constitution. Money, not currency, money, was legally defined as being gold or silver. And this modern monetary theory, or sorry, the antiquated currency law is among the more obvious, assinine and foolhardy ideas to be resurrected in a long, long time.

The Germans called it emergency spending. In France, it was called royal checks. In the Confederate states, it was called independence notes. Today, it's called quantitative easing. Fortunately, we're living in a time where a wave of socialism is looking for ways to pay over $70 trillion in new social and environmental programs promised by politicians running against Trump in 2020. We're so fortunate because maybe, just maybe,

we're going to be able to be the ones to prove MMT wrong again. It's a terrible idea, but one looking for politicians stupid and desperate enough to put it in place against a spending plan that requires unlimited funds. They're going to do it, unless you're informed you know what's coming you know what how really this system works you know as we explained on Tuesday how much the world is relying on us because this isn't working anywhere else but here and it's barely working here but the rest of these countries

all over the world are invested in our stock market and in in our treasury bonds if we screw around with our economy and we fundamentally change things in our economy i warn you the world will be plunged into darkness and may god save us from our own stupidity somewhere right now maybe in your neighborhood there's a burglar he's a man of fine taste this burglar he wouldn't mind helping himself to your television or your laptop oh that Xbox you brought for your kid at Christmas before she decided what she really wanted was a PlayStation. Oh, that is perfect. All that sweet cash you have so cleverly hidden behind the portrait of your aunt on the wall.

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Get your free HD security camera, and now it's SimplySafeBack.com. That's S-I-P-L-I-Safeback.com. SimplySafback.com. Stu, do you have any idea what Boris Johnson did yesterday? I don't follow the, I don't understand the parliamentary system at all. I think what happens is they have a queen. She says, oh, yes, you need to form a government.

And then all these people get together in a room. They yell at each other for a while. The one that can either yell the loudest or stand the yelling the longest becomes prime minister. And he's like, who wants to yell on my side now? It's as if you're reading directly from their constitution. to describe that. That's exactly how it works. Yeah, that's my basic American understanding of this.

Yesterday, he said that he is going to the queen to ask her to disband parliament for a while. Yeah, I mean, this happens a lot in parliamentary systems, and I don't, I don't like the system as we've discussed before. I think America came up with a, like, we have our issues, but it seems like things have been working out pretty well. But the president just can't go, you know what, we're closing Congress down. I'm tired to listen to them wine. Yeah. It's like the equivalent of a pop quiz. Like you walk in and they're like,

pop election and all of a sudden everyone has to go back to the polls and come up with a whole new government. But he's not, he's saying that he's not going for another election. He said there won't be another popular vote. Which is amazing. He just wants, yeah,

I know. He just wants to shut down parliament for a while because they're obstructing the people's will to get out of, of, of, the EU. you. And he said they're just, yeah, you see all these things sort of happen in our system as well when there's, you know, politicians will use these sort of weird, you know, little mechanisms to try to get a larger thing done. It seems like the larger thing Boris Johnson is trying to get done is there's this October 31st deadline for, for the hard Brexit. And he believes, I think, correctly that the government is going to try to do everything they can before that deadline to erase.

it. So he's using his parliamentary maneuvers to attempt to essentially put a gap in there where they can't do anything about it. And it's totally constitutional for them. Oh yeah. This is totally constant and it has been

done before. Yeah. So he's just trying to honor what the actual people of the country said they wanted to do legally. And everyone else seems, you know, hell bent on making sure, you know, they they let the people know that they know better than them.

And the government knows better that they don't understand what they've done and we're going to fix it for you, give us more time to fix it for you. And Boris Johnson is just saying, look, you guys voted for this. This is what you wanted. This is what we all talked about. We all knew this was part of the possibility of this happening. And, you know, if we keep backing up, we're, you know, backing up and backing up and backing up, we're never going to get a better deal from the EU.

So, you know, it may very well be a hard Brexit, but that is something. that was known to be a risk when this vote occurred and will not be as horrific as everyone makes it out to be as it never is. Coming up, we have the story of the woman who was dumped for Elon Omar, her husband left her for Elon Omar. It's an amazing story. If we have time, I've got to get to the Palestinian story. Yesterday, this came out, I think, like at 7.30 last night, and all kinds of alerts go off

on my, on my tablet, and I'm like, what, what's happening? Oh, it's just that the State Department has erased the Palestinian Authority and Palestinian territories from all of our official documents and, I guess, maps or whatever, I don't know, but they've, they've just taken all of that stuff off. And that's kind of creating some concern with the people who are, you know, with the Palestinians, that they're like, wait, what just happened? State Department immediately issued said, no, no, this is not a change in our position.

Well, you're not recognizing the Palestinian Authority at all. You're not recognizing Palestinian territory. That seems like a change in position because everybody else has been doing that. And we're going to look into that and what that means. I mean, that's one ballsy move, one real ballsy. move. And speculation is that they have, you know, we keep asking them to come to the table and do a two-state solution, and they never, ever do it. I mean, Israel offered them a few years ago

absolutely everything that they say they were asking for and their own sovereignty. Okay, two-state solution. No, they don't want that. They want a one-state solution. And they, you know, I mean, their charter. They talk about that this will only happen when we destroy Israel. Well, then, okay, then you're not dealing honestly. So we're not going to, we're going to call it what it is. And that's not your territory. They want this talking point, too, right?

They want this victim status. They want it to exist forever. I mean, it's a very disingenuous ask, and it always is. It's the same thing that happened when they said, you know what? What we need here is that we need Donald Trump to come out and denounce white nationalism. we need him to do that after the shootings in El Paso. And so the next day he's out there, because he's denounced white nationalism several times.

He comes out and does it again. And then it's like, well, first of all, too late, too little. And next, I mean, look at all the other stuff he hasn't done. How come he hasn't done anything on guns? How come he hasn't done anything on this? There was never a moment in which they cared if he actually came out and denounced white nationalism. That wasn't part of it. It was just what is the next thing we can beg for him to do?

if he does it, we'll just act like we never asked for it. It would just act as if it was nothing. We'll just move on to our next complaint, move the goalpost a little bit further. And this is just a strategy that has been well defined by the Palestinian Authority over a very long period of time. I also have a monologue on the opioid crisis and the Don Draper of the opioid crisis,

the history of Oxycontin. It's pretty phenomenal when you learn the history of it, which, by the way, you know, came from Germany. We're all good scientific things come from Germany. Around the time of the Weimar Republic. So nothing weird was going on there, you know, eugenics or anything else. And it is, for some, it is a life-saving drug. Others, it is scourge of the earth. and people who are truly suffering from pain that they just can't live with,

they're the ones that are going to pay the price for this. We have that coming up. If we have time, it's Sophie's choice today. Which story gets on the show? One of those three, for sure, when we come back. You're listening to Glenn Beck. It is the last hour, and we've got a great hour lined up for you. We're going to start with Elon Omar in just a second.

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Why, I just never seen anything like it. My husband was being paid lots of money. I don't know if it's for his performance because he is rather robust in bed. but he professed his love for Elon Omar. That story and what's behind it in one minute. Alon Omar. All right. Been talking to you a lot about the American economy the last couple of days.

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800-906 2440, 800-906 2440. It's Americanfinancing.competencing. American Financing Corporation, NMLS-182334, www. nmLS Consumer Access.org. So divorce papers have now been filed in Washington, D.C., and the wife and mom says her political consultant husband left her for Representative Ilan Omar. She's a doctor. She says her cheating spouse, Tim Minette, told her in April, I'm having an affair with a Somali-born U.S. representative.

I'm not going to tell you who, but she's Somali-born. She's a U.S. representative. She's from Minnesota, and you probably can't figure it out. But I love her. I love her. So he told her, and then he ditched her. What'd you say, Stu? I like the character that is, I've never heard the person speak,

and I kind of like the way you've made him sound. I'm sure that's how he sounds. Why, though? There's no real reason. he sounds like the guy who's saying Ilan Omar in the song which I don't know if that's I don't know that's coincidental I'm in love with Ilanamar yeah okay I like it

so anyway so she's a physician she's 55 he's 38 that has nothing to do with it there's nothing to do with it 55 I always wanted when I was a teenager I said I want to be married to a 55 year old woman woman. So it's a dream come true, but has nothing to do with that. So they have a 13-year-old son together, and he works as a left-wing Democratic supporter.

He works now for Omar. Oh, yeah, I'm working for it. He works for Omar, and he also coincidentally worked for Keith Ellison, which is what a coincidence you know seriously so those are

you know socialists run in packs and they pool the same resources and if you're allegedly stealing money or allegedly doing something

you know on the side I don't know what you're talking about I'll just love her You have to get creative and you have to make connections. Without Chaka Barty, Sank from the, what's its face, the Young Turks? The young Turks. The genocidal people that killed 1.8 million innocent citizens. Well, no, the organization named after that.

Yeah, yeah, got it. Without Chaka Barty, Sank wouldn't have been able to co-found Justice Democrats. And without those two, AOC's boyfriend would have loved. lost out on thousands. Wait a minute. Now, there are two socialists that I've been keeping my eye on. You know, one of them is a squad member, Elon Omar. And the other one is the former congressman turned Minnesota Attorney General Keith Ellison. It's kind of creepy.

The number of things they share, including, oh yeah, including Omar's new squeeze. Why, I just don't know why you keep referring. He is a squeeze, though, isn't he? They've both represented the same district. They both had tax problems. They both had campaign finance problems. I know, it's shocking that all these socialists are having tax problems and campaign finance violations because they hate that stuff.

We've covered Omar's tax and campaign finance problems at length, but it's curious how her predecessor, Keith Ellison, was busted for exactly. the same problems. Well, I mean, Keith Ellison didn't marry his brother. That we know of. Anyway, when Ellison was state representative, he was busted for having $25,000 in unpaid taxes.

Omar got nailed for filing joint taxes with a man that wasn't her husband, her brother. Ellison just didn't pay any. Omar was caught using campaign funds for personal use, but several years earlier, the Attorney General now of Minnesota, the same state. now that Elon Omar ran in, sued Ellison twice for campaign finance violations.

They each apparently have the same love in their life. They love cheating the IRS. They love bending campaign finance laws. And they're both in love with the same man, Tim Minat. Elon Amar. Last week, the Daily Mail released the video of Omar. actually a couple of weeks ago, exiting the restaurant in California with Tim Minette.

And they were talking about how they were, you know, oh, they were snuggling, and they were rubbing noses like Eskimos, cultural appropriation. They were holding hands. They were acting like a couple. And it doesn't matter. I don't care about any of this. I don't care.

If they want to, you know, they want to romp like little bunnies, let them. I don't care. What I do care Is the smoke Is covering what I think is the real fire And it isn't the fire love My Nat has a work history that shows he's a current partner At a Progressive Strategies company

Called East Street Group Now what do they do? Well, I don't know if you go and look up progressive strategies and e-street group you're going to come to a website that has a single page that tells you nothing it doesn't even have a contact there's no way it doesn't have an email address or a phone number nothing it just says accepting new clients by referral only so in other words you got to know a guy because i know a guy you know a guy I know a guy he can put you in touch with these guys, okay?

So I don't think he's worried too much about advertising, you know, for new clients, because he has hit the mother load with Alon Amar. Since Alon's already been dinged for campaign finance violations, we decided to check out the FEC records to find out if there was any unusual activity between Omar and Minet. well Omar's campaign has dished out over a quarter of a million dollars over the past 12 months to her new alleged boyfriend. Right. I mean, do you think I like chicks from Somalia? No, she's got cash.

Uh-huh. Now, here's the weird thing. I mean, if that wasn't weird enough. He gets paid in multiple five-figure payments. every single month. If you look at February of this last year, $12,000, they wrote a check to him on the 7th, $15,000 on the 19th, $24,000 on the 21st. And the payments include everything from absolutely not vague at all descriptions of consulting

to travel expenses. $24,000. Where are you going? The moon? Now, you know, maybe my internal clock is a little messed up, but isn't the 2018 election over? What could she possibly be getting from this guy? You don't want to know. What could she possibly be getting from this guy where she's writing $250,000 checks?

Has that possible? Now, this year, Elon Omar raised about $1.4 million. that means out of everything that she has raised, she's given him a quarter of everything. Usually, you know, you'll get a bonus or you'll get paid a percentage, but it's not 25%. I could see giving him, you know, that kind of money if, you know, he helped raise $10 million, but 1.4, the math doesn't end up,

uh... doesn't add up and this kind of spending is unusual for congressmen especially freshman congressman if you look at dan krenshaw his f c f cilings he hasn't spent more than sixteen hundred dollars for a single payment the entire year there is one entry for fundraising consulting he wrote a check for one hundred and thirty dollars one hundred and thirty dollars Omar spent a quarter of a million to one guy. I'm going to go out on a limb and say,

something's weird. I mean, that's a lot of exotic oils, or I don't know. I'm just saying, quarter of a million dollars. Now, before Mynett met Omar, he was employed by Keith Ellison. This is the Democratic Congressional Campaign Committee,

labeling Minot as Ellison's main point of contact and his national finance director. Now, it's really weird that Minot, when you look at his resume, doesn't reference Ellison at all. You look at his LinkedIn page. No, Keith Ellison.

No, I am annoyed. What? He was also, while he was the campaign finance director for Ellison, he was also the head of his own company, the Minet group. and like Elon Omar, Allison pays this guy a lot. Tim Minette was Ellison's third highest paid expenditure over the past two years,

$174,000 in 2018. This seems like a racket. His FEC filings look identical to Elon Omar's $9,000 payments every month going all the way back to 2015. In 2014, Ellison paid Minot $92,000, and this was during the same period when Minette was working on Ellison's staff. So is there a racket going on here with fundraising consulting? Is this big business? And if it is a racket, what's going on?

There's a lot of money that is changing hands. and this money they've tried to hide this money they put in these in these you know what do you call them

stew those front you know the packs the money came from a pack so you give your money and you're like I want to give Elon Omar money and then you're like I want to give her even more but the law won't let me so I'm going to give it to a pack

That pact, strangely, is the one that is paying his salary. He works directly for the Congresswoman. How's that working? Something is wrong with Elon Omar. Something is wrong with Keith Ellison. And Tim might not. I'm sorry. He might be okay in bed.

I don't know. but that's not what's causing this love affair. There's something deeper. Oh, deeper, deeper, deeper. Well, we will go there, deeper into their love affair to find out what's going on. I want to tell you about a guy in our audience, his name is Bill.

He's a farmer. He was a member of that hallowed staple of American industry for over 40 years, and he would go up in the morning and he wouldn't come back until sundown, and it really made him happy. As he likes to tell people, he figured on farming that he was going to be out there

with the soil until the day he died. But somewhere along the line, the pain began to set in. His knees, his wrists, mostly some days he just hurt all over. And the time came when he thought, I'm going to have to kiss my life goodbye. I love farming.

I don't know why. these guys do, but they do. They love it. Then Bill heard about relief factor, and he decided, I'm going to spend the 20 bucks and see if it works, because if not, I got to get out of farming. After only a couple of weeks, Bill was back in the saddle, both literally and figuratively. It changes people's lives. It has mine. Relief factor is a great way to reduce the inflammation that causes pain. It works for 70% of those people who try it. Relief Factor is not a drug. For 1995, you can get a three-week quick start.

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And then you're, what was the voice of the guy who? I don't know. I'm not your trained little. No, I don't perform when you throw me a peanut. They don't do it. Well, yeah. Are you interested in hearing the new update to the Biden Gaff montage, which continually expands at a rate even faster than you and I? This is a...

And that is saying something, because my waistline is expanding like crazy. Do we have enough time for this or to make sure we just play a short clip here? Can we get a ruling from the... All right, let's do the Biden Gaff montage here. Here we go. And the other thing we should do is you should challenge these students. We should challenge students in these schools to have advanced placement programs in these schools. We have this notion that somehow if you're poor, you cannot do it.

Poor kids are just as bright and just as talent as white kids. We're wealthy kids, black kids. I really mean, but think how we think about it. We choose unity over division. We choose science over fiction. What else? We choose truth over facts. And so folks, if you're interested, join me.

I could use the help because we must defeat this president to change the trajectory of this country. When the kids from Parkland marched up to, and I met with them, and then they went off to up on the hill. I was vice president. They went off the hill to go into those neighborhoods. All those congressmen were like, no, I'm not here. I'm not here.

Just like in my generation when I got out of school that when Bobby Kennedy and Dr. King had been assassinated in the 70s, late 70, when I got engaged. My long-frey-time friend, and she's a friend, she's been my friend in and out of public life. And over 40 kids shot. What? Kent State on a beautiful lawn. Oh, it's a lot. We should set up a system, as I propose, which I will, if I'm elected president.

Okay. That allows the folks at HH, the folks at the health and the health department. Yep. Okay. In the United States, HHS. Right. Huh? That's the latest.

The last. This is, we're adding like two of these a day. Yeah. It's getting crazy. Yeah. All of those, by the way, are just from the last few weeks on the campaign trail. Yeah, we make sure to not include. you know, the old school stuff that you know, oh, so well.

It's getting to that point that where I think, you know, Biden is a, was, has always been sort of a fun gaff machine. And some of these just are starting to get sad. Like they're, they're, they're really, they're making you feel a little weird about it. I never said this about, with his gaff machine, I just always thought he's just unhinged. It's starting when he's like, H.S. Health Department. He just, he's sounding sad, confused. and it's kind of hard to watch.

More in a minute. I mean, not that hard because it's funny. We've all heard the phrase, The Rising Tide lifts all bolts. Well, in the financial world, throughout history, even to this day, that rising tide is represented by gold. Gold is a great protection against inflation. It is a solid investment that you can sink your teeth into.

Pardon the pun. I like to use the example of a suit to explain money as gold and currency as something made up. If you were to buy a nice suit in the 1880s, you might pay 20 bucks, where today you walk into a store and you've got to dish out a thousand bucks. But a thousand dollars worth of gold in 1888 is the same as a thousand dollars worth of gold today. So you could walk in with a $20 gold piece and you could buy a suit. You can walk in with a $20 gold piece today and buy a Georgia ormani. It's on a bull run this year. Please batten down the hatches.

Consider gold. Call them now. They're waiting for your call at 866 Gold Line. 866 Gold Line. Read their important risk information. 866 Gold Line. And join Glenn this Christmas for a special one-night event in Salt Lake City, December 7th Christmas Stories with Glenn Beck. your tickets at glenbeck.com.

Hey, welcome to it. We're glad you're here. We want to talk a little bit about the mystery of the space drone. I think we're going to have to move the State Department removing all mention of Palestinian Authority and Palestinian occupied lands probably for tomorrow because I want to first start with what's happening in the polls. It's really interesting what's going on. Today's the last day to qualify to be able to be in the Democratic. the next democratic debate and you have to have 130,000 individual donations and you also have to have at least 2% in the polls.

But they're picking and choosing which polls, which is kind of interesting. Did you know in advance, do? Were they told in advance which polls they had to be good in? It does seem like, you know, they did give you a list of the polls. However, the list is bizarre. and the person who's making the biggest stink about this is Tulsi Gabbard, and she has a really good argument on this. Basically, the way that they have done this is 130,000 individual donors.

So it has to be individual donors. And 13 candidates have hit that threshold. All the big ones. And then it's kind of the smaller ones like Marianne Williamson has hit that. Tom Steyer, the billionaire, who spent a lot of money to get those donations. Tulsi Gabbard, you know, and people like, Andrew Yang and Castro and Clovisar and Aurora could all hit that. So they've hit that. You have to hit both, clear both hurdles, though. The other one is four polls at 2% or more in either

national or early states. And they have to be among the approved list of the Democrats. So Gabbard has hit, as their campaign says, they have hit 2% in 26 different polls in this time period. However, only two of them have counted. So they now 26 is a big number they're throwing out there. However, they have some really, some of them are like internet polls, not like unscientific internet polls, but there's panel polls and sometimes they wouldn't be included for good reasons. But there have been two polls that she got two percent in. One was the Boston Globe poll, which is the newspaper with the largest distribution in New Hampshire, one of the early states. and the Post and Courier,

which is the largest distribution of a newspaper in South Carolina, another one of the early states. Both of those polls, for unknown reasons, are just not okay with the Democratic Party. She hit 2% in both of those polls and would qualify if it was not for this weird restriction. I don't think that they, I'm not saying that they're changing them to, you know,

get people out intentionally targeting people because I don't know. But they don't want her. They don't. You know, the Democrats, they do not want her. I think that's true. I don't think they did it intentionally. I think it's just it is incompetence. They couldn't have known she was going to hit it in these polls.

It's just an obvious problem in that she was, she's polled well enough in all these other places. And, you know, like, for example, there are, UGov is a polling outfit that does polls in conjunction with various different organizations. One of the UGov polls is included and counts as a qualified. poll. However, UGov does polls in conjunction with the Economist, a well-respected publication. There's no reason that the poll would be any lower quality. Well, those polls don't count. And Gabbard has hit 2% in two polls done by UGov slash economist. But the other UGov poll that is included, she didn't get 2%. So it was not included. So it's really been, I mean, look, it's an imperfect process at some level. It's hard to do. But they have not done a good job as

you would expect. I will tell you this. Tulsi Gabbard is probably maybe one, I don't know how many of them I would actually trust, but she's at least one that I you know, we could

elect her. I wouldn't vote for her, but if she was elected, I would be like, okay, well, she doesn't hate the country and she's not crazy. Some of her policies are crazy, but, you know, she loves the country, she was in the military. She doesn't believe everything about this country is bad.

That's something that's rare in the Democratic Party. It is very rare. And to this point, you know, as she's needed these polls to qualify for these debates, she's been on, you know, back serving the country again and not campaigning. I know. Which is pretty remarkable. It actually made me really like her. Yeah.

When she went back to serve for two weeks, she had to do a two-week tour duty. And I thought, I like that. She didn't try to get out of it. I don't think that appeals to the Democrats. No. But it speaks volumes about her character, which I really like. The two that are most popular among conservatives in the Democratic field are probably Gabbard and Yang. Like Yang, too.

They both have sort of different views, I would say, than the typical Democrat, though views that are way outside what I would be comfortable voting for or even coming close to it. Oh, my gosh. No, but I wouldn't. I would at least have some hope that we weren't going to be destroyed by some theory from 1930. You know what I mean? Right. You know, Yang is smart enough to be looking forward.

And everybody else is just like, well, I don't know what's wrong with Stalin. Right. Another part of this, Glenn, Tom Steyer, who is a billionaire, spent all this money trying to get the president impeached, built a giant email list then decided to run for president. He spent millions of dollars in ads in early states, figuring he can hit, he can affect the polls most in these smaller states, a bigger bang for the buck.

And he can get, as long as he gets over 2% in the polls, in these early state polls, he can qualify for the debate. The problem is they just haven't released enough of these early state polls. So he hit three polls very early, but has not been able to get this fourth poll. And unless a surprise one comes out before the end of the night,

he's not going to get in. And part of this problem here is that if you're going to say polling is an issue, if you're going to make polling one of the qualifying aspects to get into the Democratic primary, there has to be polls in these early states. Like Nevada is the third state that is going to be voting. And there has basically been no good polling that has come out of the state in months. And so if you're going to make polling one of the qualifiers, you either have to, you know, get your own polls.

You have to go out there and actually start your own poll and pay for it so that these polls come out. Or you have to include more of these polls. You have to say some more are qualifying because it really does wind up screwing these candidates at the bottom. The big takeaway, though, from all of this is that it looks like, unless something changes at the very last minute, that there will be, there will only be one debate. There will not be the two-night thing that we've seen so far. There will be one debate. It's good for Democrats.

Ten candidates. I don't know. I mean, I'm torn on that one. Again, I don't really care what's good for Democrats, but also the other part of it is, I think a debate that was split between 11 candidates over two nights, you wouldn't actually get a little bit more out of. Like, you have a candidate.

Yeah, I guess you're right. Yeah, I guess you're right on that. Yeah, you're right on that. Candidates is too many for one debate. Five on one night, six on another, you might actually get a little bit of substance out of these people instead of just constant, you know, bumper stickers. but then again

I mean you know very few of them seem to have the ability to talk at any length on these topics they do seem to be bumper sticker generators

you know what's interesting is is Tom's uh what's his name's sire he is he's more detrimental

than the Koch brothers were um he's just not known he's his big if not bigger currently than Soros is he on democratic funding? Yeah, he probably is. I mean, again, the Koch brothers, I think, did a lot of really good things, too, and one of them just passed away. No, I know that, but I mean, you know, the Koch brothers were the most evil of anybody.

Presented as evil, right, right. Oh, yeah. And they were, they were funding people on the left as well. They were not conservatives. They aren't conservatives. No. And yet they were booed when, you know, David died and people cheered for his death. and you don't even know the name Tom Steyer. Yeah. You know, most people don't even know.

He is as big as Soros. This is unfortunate for Tom because he really wants people to know his name now. He's running for president of the United States, so you need to have some recognition. He dumped a lot of money. I mean, you know, I would assume that no one in this audience put themselves through the torture of ever turning on MSNBC, but unfortunately it's part of our job. and if you go, you watch MSNBC for 10 minutes, you'd see at least one or two commercials from Tom Steyer saying it's time to impeach the president. The guy spent millions of dollars.

He says he's going to spend $100 million of his own money in this campaign to try to win it. He has shown up at 3 and 4% in some of these polls. And because of all of his money, you have to take him seriously, though I don't know that there's really any grounds over. If he's not in this one, right? No, and this is one of the weird things, and you'll see the same. play out. I think this debate entry is probably the least important of all of them. And the reason for that is the third and fourth debate, the one that's coming up here in September and then one, and I believe it's in October, they have the exact same qualification standards. So if you have

130,000 donations now, you've already cleared the next debate hurdle. And also the polls that counted for this debate will also count for the next one. So if you are at three like Tom Steyer is, he only needs one more before the next deadline to get to four. So likely there will be more people in the next debate, not less. So you'll have 10 in this one most likely. You'll probably get to 12, 13, maybe even 14 for the next debate. And if you miss this one, but you're in the next one, I don't know how much that really hurts you.

As long as you're in one of the two, if you're at that point like Seth Moulton, whose campaign we lost recently, Glenn, where you can't get into any of the debates. or Mike Gravel, whose campaign we also sadly, tragically lost. And I, and we lost him before anybody knew who they were. I know, that's the saddest part. You know, Mike Gravelle, sure, his last day in government was the day Ronald Reagan was inaugurated.

But why couldn't he? Say it again. Say it again. His last day with a government job was the day Ronald Reagan was inaugurated. But yeah, sure, he should be running for president. Was he 12 when he was? No, he's just 89 now. So 89 years old. And he couldn't catch on.

It does something. It's stunning, Glenn. I think it's ageism. I do. I think that, I think that, you know, these Democrats are such agists.

I know. They only want someone in their high 70s. They will not go into the 80s. And that's at least until, unless Biden wins and then runs for re-election, then they'll be fine with the 80s. But as of right now, they have a strict line.

I don't think that this is, I mean this sincerely. watching Joe Biden decay in public is sad. It's really, truly sad. Yeah. And I just don't think he's, I mean, you know, they're already saying, Donald Trump, we need to have a psychological evaluation. Joe Biden.

Yeah. Joe Biden, maybe not today, but he is decaying in front of our own eyes. And that's something that we probably should, you know, every year just say, hey, have you found yourself walking outside of the White House wondering who you were and why you're in this strange building? Yeah, it's weird. I mean, he looks tired often. You see him. He looks tired often. That's something you never get from Donald Trump. Remember, Trump is in his 70s, too. It's not like Trump is in 45.

But he never seems like he's tired in public. Biden, on the other hand, is, and he seems to be slipping, and his style is not conducive to the slipping. Like if you picture Barack Obama at 78 years old, he's a slow, deliberate speaker. He does a lot of speeches, is on prompter all the time. That person, as you slip a little bit, you can kind of get away with it for longer. Joe Biden's kind of an off-the-cuff guy. He speaks rapidly. He's always been gaff-prone, but this is more of like he's missing words and sentences.

He's just can't find, you can't remember things. I mean, it is sad. And I don't know if he's going to be able to pull it off. As soon as the Democrats say to themselves, no longer is he the most electable because we see him slipping, that's the problem. He'll fall off a cliff if the Democrats decide that. Because I don't think they really like him. No. They'll tolerate him because he was an icon on the left for a while.

But he's not the new left. No. And they just think he can win. Yeah, the minute they think he can't win, he's done. He's done. All right, back in just a second. So what is as bad as having to constantly fluff your pillow throughout the night? Well, I can think of a few things.

Being hung as a horse thief would be bad. Living next to a nuclear power plant and a plane flies into it, that would be bad. But other than that, really, you know, not much, not much. It's the worst. Okay, being locked in a refrigerator in the shining, you know, hotel. That would also be freaky. But having to fluff your pillow and having a hot pillow all night is the worst, except for those things. You can get great discounts now on all MyPillow products.

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to you I want to hear from you on how are you feeling about Donald Trump how are you feeling about the economy what do you think about the the next election what is what's what are you and your friends experiencing right now where is the zeitgeist if you will of the the country are you feeling the recovery are you feeling a recession in your own life. I'd like to hear from you. The number is 888-7-27-B-E-C-K. 8-88-7-27-B-E-C-K.

Call us right now. I was taking phone calls here in about 10 minutes from now. And I really want to hear from you. 8-88-7-27-B-E-C-K. All phones. Next. Call us now.