RADIOJune 18, 2024

Exposing Target’s Internal MELTDOWN After Pride Month Backlash

Glenn Beck reveals leaked internal messages between the members of Target’s “Pride + Business Council” that took place during last year's boycott. Target went off the rails last Pride Month and offered “tuck-friendly” bathing suits, chest binders, and transgender-themed merchandise for children. Americans responded with a boycott that sent Target running back into the closet. Thanks to an employee from Target corporate who wished to stay anonymous, Glenn exposes for the first time ever the radical response of Target employees, including a witch hunt that ensued when certain employees defended Target’s rollback of controversial LGBTQ+ merchandise as a reasonable business move. In the end, Target leadership received a list of demands from employees that included a call for Target to bring back the merchandise that started the controversy in the first place. Despite the internal pressure, Target toned down its Pride collection this year. Should reasonable Americans take the win, or is there yet another battle for the culture just around the corner?

Transcript

Below is a rush transcript that may contain errors

GLENN: So you're the first to hear this exclusive leak, that we received from a source inside Target headquarters who thought the public needed to know how some of Target's employees responded to last year's boycott. First, let me speak directly to the people that made all of this possible.

Women, I know it was hard to boycott Target.

We were there. We -- we as husbands, and men saw you. Like you weren't busy enough.

We saw you drive past that bright red sign. And go from store to store, to be able to boycott. With us. With Bud Light.

I mean, it's beer.

We will just reach in the fridge for another beer. Victory. Real victory is yours with Target. But it's Pride month again.

Which means, it's been one year since Target rolled out a collection of Pride onesies, tuck-friendly bathing suits, chest binders for girls, and apparel made by some transgender Satan apologist. Not today, Jesus. Says Satan.

This year, prayed month, Target has a much more toned down collection. Like, for instance, let me show you their new Pride Month charcuterie board.

That says, it's giving charcuterie. Has no rainbows or Pride symbols on it at all. It's just a wooden board.

I guess maybe Target thinks charcuterie is gay enough on its own. I'm not really sure, but it's a tame collection of rainbow wine bottles and clothes and nothing like last year.

Also, unlike last year. There was nothing for kids. So victory.

Now, some Target locations won't have any Pride merchandise this year. It will only be sold online in the stores. Where Target says, they've seen historically the strongest sales demand.

Okay. That makes sense as a business. To be clear, Target, I don't think is doing this because corporate had some road to Damascus moment, and decided, you know what, we should depoliticize this company and maybe sell things people want.

Remember, this is the same company, that in 2016, when most didn't even know, you know, that there were 96 genders.

They said, put a statement out that said, we welcome. I'm quoting. Transgender team members and guests. To use the restroom or fitting room facility that corresponds with their gender identity.

Well, that make me comfortable when my kids want to go and try something out. Their 2023 sustainability and governance report. This Target is one of them that does ESG on their own. Says, their goal is to take urgent action. To combat climate change and its impacts.

The Target website says, Target is an inclusive and antiracist organization. That's key.

It's not non-racist. It has to be. You have to have a little racism to combat racism, you see.

So the way I see it. There's only one reason Target has pulled back on their Pride collection.

And that is you. But now Target is a really, really tricky position. And that's because, on one hand, they can't afford another boycott. The New York Post reported that after last year's boycott, Target lost ten billion dollars in market valuation, in ten days.

That's a lot. On the other hand, they have created a brand around being basically woke. And just like Disney, the inmates are now in charge of the asylum. And employees at Target, many are very woke and militant. Now, to make matters really complicated, that radical staff they have to deal with, was not happy. Last year.

Last year, our team was given exclusive access to internal messages, that took place on Target's slack chapel for their pride plus business council.

We found culture wars that are taking place, because Target is taking a stand and saying, wait. We're going to slow down on this.

And the people were not just boycotting.

Internally, the employees started a little revolt.

And let me show you what we were sent and found.

Last year, when you were deciding to boycott Target for their choice to sell chest binders to children.

Paneled underwear.

Target hosted a town hall to discuss the move to pull back on some of their more controversial merchandise.

The people of the pride plus business council, were not pleased inside of Target.

Up said, quote.

It feels like leadership wants to keep support for LGBTQ causes on the down low. Like they want to be able to point it out to people. You know, make a fuss.

But they don't want to advertise it for people who might disagree. Senior management for philanthropic operations agreed, saying, quote, reasoning with the down low piece for real!

See, what they're saying is, Target while -- while we were saying Target went too far.

The employees were upset, that they hadn't gone far enough.

And now they were pulling back. One employee said, see. We need to cater to the bigots to get our sales up.

Okay. But it wasn't just the town hall announcement that started the internal firestorm at Target. It was the comments in the community chat, while it happened. The leaked messages were given to us, in backward order.

So as we went through them, we saw the Pride-plus council's reaction to the comments, before we saw the comments, themselves.

Remember, we weren't given access to the actual conversation, just the comments.

So we don't know what was said, by the Target leadership during the meeting.

But we were given snapshots. And screen shots of what happened in the chat.

So we don't know what they said, at the leadership of Target.

But it must have been pretty horrible.

Based on just the reactions. The comments must have been awful. From Target leadership.

Here are a few examples of what the chat said, during it.

How the Pride Plus business council was reacting. JPG 22, here. I've been through a lot in my life. I have PTSD to show for it.

And I have to say, that was the most gaslighty dystopian thing I ever witnessed in a while. Here's another one: JPG 24.

We need to protect ourselves. There are consequences for hateful statements and displays.

So now, what did Target say that has made their employees say, we have to protect ourselves from these hateful statements and displays?

Number 27.

A few more. I'm still in shock, and disgusted.

I'm sure a lot of people are examining, whether they want to continue to be a team member after all of this.

Kind of hard to get back to work after that one, huh?

So at this point, we're assuming something truly terrible had happened in that community chat.

The acronym HR was repeated over and over again in the chat.

And people were talking about filing ethics complaints.

One woman put the name and email of an intern, who she said was advocating for discrimination.

Wow! Another intern was exposed for basically putting thumbs down on a comment.

Which promoted one of the lead buyers for Target's pride collection to say, each person should be submitted to ethics.

An intern who gave a thumb's down on a comment, should be submitted to ethics.

So what horrible things were these people saying, to elicit such an extreme reaction.

Surely, they had to be sexist, racist tirades, that started this chaos.

Well, here's what we found. And you may want to sit down for this one. Because it's pretty darn shocking.

Here's one of the comments, that we found.

A woman who was a Christian. Hang on just a second.

That wrote this.

I'm a Christian. And I don't support violence against guests or team members.

Okay. I also don't hate people who view differently than myself.

However, for some to say my Biblical views are disgusting, that's not inclusive.

Wow! Now, it gets worse.

The people in the chat need to look at past year's Pride assortment. The backlash this year has been specific to gender-plus children, to imply leadership is now bowing down to bigots is highly offensive.

Then this: A lead designer, who had been at Target for 25 years, defended the people, who felt a little weird about Target partnering with a designer, who currently produces products that say, Satan respects pronouns.

This lead designer at Target said, so someone who doesn't think a partnership with an artist who glorifies Satan in their products is a bigot? Would Target partner with a similar individual who had a racist-themed product, or would you have the same feeling towards those partnerships?

Maybe quit calling names, because their beliefs are different than yours. The most inflammatory comment that we could find was made by a woman who started working at Target in the early 2000s.

She said, quote, not all people agree that giving hormones to kids, which only provides long-term health issues is a good thing. So inclusivity, means ignoring 95 percent of the population? To make sure 5 percent are able to keep grooming kids, end quote?

Read about some of the stories. I'm still quoting now.

Of the young girls who have had a mastectomy at 13. And are now in their 20s. And have horrible health issues. From the hormones that they've taken. I don't care what an adult does.

But kids should be left alone.

Is that unreasonable?

My favorite comment was this, with JPG 45. Our leadership team has a difficult decision to make.
They answer to something called shareholders.

We're also responsible for thousands of team member jobs. Please, don't attack your leadership or your fellow team members when you don't know their heart.

We are a business, and this is capitalism. Good day now. End quote.

Well, Target needed to send out a company-wide letters addressing the comments before the end of the day. And here's what they said.

Several comments made during the town hall, violated Target's policies. Those incidents are being addressed directly. Target does not tolerate discrimination or hate speech of any kind.

Wait. The ones who just said don't attack the leadership?

That that's hate speech? That wasn't enough for some of the members of the Pride Plus business council.

The idea was floated in their chat. On the day of their town hall.

That they needed more organized response.

That response came about a month later, in the form of a list of demands, sent to target leadership. Which we were also given access. Exclusive access to.

In the memo, they said, they wanted from Target, quote, an acknowledgment of harm. A sincere apology.

And a clear statement of unwavering support for the LGBTQ+ community.

They wrote, we have always regarded Target as an inclusive and progressive company. However, these recent events have called into question, the company's commitment to these values.

They said, the removal of some of the Pride collection was disappointing and distressing. So fort company to atone, they needed Target to acknowledge in writing, the harm done to the LGBTQ+ community, explicitly the trans and nonbinary -- nonbinary members of the community. Forge partnerships with prominent LGBTQ advocacy groups and immediately reinstate the Pride collection in full, which we know didn't happen.

Donate to LGBTQ causes and implement sensitivity training for employees and cease all contributions to politicians and organizations that do not support the LGBTQ community.

This is so crazy. Because here is a company, that supports LGBTQ. Way beyond what other companies do.

And they're not woke enough. Even after all that pressure from within the company. And all the pressure outside the company, from people like Governor Newsom accusing Target CEO of selling out the LGBTQ+ community to extremists.

We're the extremists. Target still toned down its Pride collection this year, and they did it because of you. This is a testament of what you can do, when we come together, which brings me to the point of this whole story.

What is this story really all about?

Because I'm not showing you all about this stuff?

You know, saying that Target has issues.

We know that already.

It's why you staged a boycott.

What is this story really all about?

Okay. So I wanted to give you this exclusive story today, on Target. Because I want you to see a couple of things here. First of all, we do have the power to make a difference.

We have more power than you think you do.

That's why they need to shut people up, using fear, okay?

The second thing is, is a little bit of hope.

And sadness as well.

Wokeness will always destroy itself.

This is -- it's like the plant in little shop of horror. You give it a little bit of blood, and it will eventually eat you.

And that's what's happening to companies like Target. They created a monster, and they planted it inside their own company. And it's eating them alive.

It's as if all of Target's virtue signaling came to life in the form some of their employees. And now it's the battle to the death. It's the same in higher education. There are those professors who have been teaching revolutionary theories for years. But now have been run out by revolutionaries they created. Same thing in the Democratic Party.

The new generation of progressives is threatening the Democratic establishment, who used to be the radicals, for not being radical enough.

Wokeness always eats its own. And it's because the entire ideology is fueled by deconstruction.

And critical theories that rage against the hierarchy. Or the debate. And do you know whams when you're in a movement for a while?

You, the radical, become the establishment. If you climb your way to the top of the woke ladder, you'll find yourself on the wrong side of the movement. And the new revolutionaries always destroy the old ones. The ending of the story for places like Target and Disney is inevitable.

And I think most of us understand that innately, which is why we watch these stories unfold like it's the end of the Daytona 500. We know someone is going to crash. It's just a matter of time. So what do we do?

Do we sit back, point and laugh?

No. That would be tempting. And fun. A little bit.

But not useful. Because in the short-term.

Whatever crash is coming. Is going to affect all of us.

There are plenty of sane people. Normal people. That work at Target.

Hike the ones that we saw, trying to be reasonable in their community chat.

All of us will be caught in the crossfire of these woke institutions as they implode.

We just need to be ready to fill the vacuum. That it's going to create.

In the long-term, we have to focus on creating an alternative. Business. Movie. Media.

Everything.

That's what we need. Alternatives. Kind, gracious. Decent. Alternatives.

You build it. They destroy. But you build. You restore.

Wokeness is a destructive force.

We just have to hold on to our values. And be ready to rebuild.

TPUSA's Turning Point tour LIVE with Glenn Beck

In this poignant segment of Turning Point USA's American Comeback Tour live event, Glenn Beck honors the late Charlie Kirk by revealing his private plan to name Kirk as his successor in conservative media, emphasizing Kirk's unparalleled dedication and achievements. Blending themes of faith, history, and personal resilience, Beck shares life principles on forgiveness and truth while unveiling 'George AI,' a revolutionary tool for exploring American history through digitized artifacts and interactive conversations with Founding Fathers.

Israel and Hamas sign Trump's historic deal. Will it work?

Israel and Hamas have signed phase 1 of President Trump’s peace deal, paving the path for the release of all remaining hostages, hopefully in a few days. Glenn and Stu explain the significance of this historic deal and what it could mean moving forward.

Transcript

Below is a rush transcript that may contain errors

GLENN: Oh. Your initial thoughts here on the peace deal?

STU: It's an incredible opportunity. I think it is important to remind ourselves, that this -- these things typically do fall apart. That is essentially your expectation, any time anything like this happens. Part of this is going to be Hamas coming through on promises.

I have very little belief that they are typically able to do such things.

That being said. They probably also -- you know, one of the things -- a friend of mine pointed this out to me. We were going through all of this.

And he said, you know, one thing to think about it: This is, like, not the B team of Hamas. But the R team of Hamas. They've killed so many of the leadership.

GLENN: Yeah, yeah.

STU: These are people making decisions that were not at the top of this organization and had those ridiculous ideological beliefs that would lead you to October 7th. That's not to mean that Hamas, these people that are left are like, "Hey, you want to invite them over for Thanksgiving."

But I do think there's a possibility here that they're like, you know, maybe this life is not here for us.

GLENN: That would be nice if that were true. I don't know if that were true. But it would be really thyself.

STU: I don't know if that's true. I do think there may be a little bit lower ideological commitment, potentially. And also, the idea that some of these people might be able to make this deal and escape to another third country.

GLENN: Yeah.

STU: And live life there, in a different way.

GLENN: So the breaking news that just was announced, Israel, their parliament or their cabinet just met or approved phase one of the deal.

And Hamas has just come out and said, they accept phase one of the deal.

That means the hostages will be released either this weekend or Monday.

Any remaining hostage will be released.

STU: I mean, just that.

GLENN: Just that.

STU: If that occurs, it is a massive achievement.

GLENN: Yes.

STU: So far, it is already the greatest opportunity we've had.

And only possible because of his detection to this idea!

GLENN: And his deal-making.

Not just his vision.

But his ability to work all of the parties and find out what all the parties need.

And make it happen.

You know, we're not talking about peace between Gaza, you know, Hamas, and Israel.

We're talking about peace in the Middle East.

STU: Yeah. It's bigger. It's bigger than just Israel.

GLENN: I mean, it's Egypt and Saudi Arabia and -- and Jordan to some extent. And -- and Turkey. All of them getting together and saying, you know what! We'll rebuild Gaza. We want to make it into a very prosperous kind of area. I mean, think of places in Saudi Arabia that are so prosperous. That's the way Gaza could be. So they're all getting together and they're saying, "We will rebuild. We'll oversee. We will try to make everything -- you know, keep everything held."

They will put their money into it, which means they have a lot to lose if it goes awry. And they're all saying, "We can co-exist with Israel."

Three years ago, did you even think that was possible?

STU: Yeah. And, you know, look, there are a lot of places you can go and find non-stop criticism of Donald Trump. They will say terrible things he does, and everything he does is the worst thing ever.

GLENN: Yeah.

STU: Also, there are plenty of places you can go where you find that everything that he does is the greatest thing of all time.

I hope you realize that's not what we do here. And I -- on a -- I said this -- and you said this as well when we -- when this was unveiled.

Sometimes, you can get -- people are critical of the way Trump handles these situations.
Sometimes. And sometimes there's arguments on that.
Sometimes it's not the best approach.

You know, we were critical of him, for example, how he handled Canada. You know, probably cost Poilievre that election. And I think that's a really bad thing.

GLENN: I do on top.

STU: That being said, this is a great example of where his instincts work perfectly. This is all set up over a long period of foundational stuff from his first term. With the decision he made, to come out and just announce the agreement with Netanyahu. We agreed. We agreed to this peace deal.

Now, in theory, we have no position to agree between these two parties. But he came out and all of the focus had been, look at all the bad things Israel is doing. Look at how bad, they're so evil. They're so bad.

And he said, we agree with Israel. Now we just need Hamas.

And so the world's attention was like, what's Hamas going to say?

Finally, he was able to focus his attention to the appropriate place. To the party that is holding the hostages, to say, hey. How about asking if they want to a freaking cease-fire for once?

He was able to do that. In a way that I think only Donald Trump could achieve. Which leads to this, over a long foundation.

GLENN: And here's another thing.

You know, this guy has walked through wall after wall after wall of fire. Everybody calling him everything. Nazi, every day.

Here's a guy who, you know, in a time period where the whole world is like, the Jews control everything. Donald Trump is run by the Jews.

He not only kept his relationship with Israel solid and helped them, when he thought they were right. But when they were wrong, in his view, he chastised them.

He knew how to do it. And still hold their respect.

And gained the respect of places like Qatar. And say, so Qatar. When he chastised Benjamin Netanyahu and Benjamin Netanyahu had to I think apologize to some degree about what they did in Qatar.

That's when the Middle East went, wait a minute.

He's not being controlled by the Jews! You know what I mean?

That should be a really big wake-up call to everybody who thinks that Donald Trump is just being controlled by the Jews.

No. No. No. He's not.

He does what he thinks is right. And he'll chastise both sides.

And he will support either side. When they're right, to get to a deal. That's good for everybody.

This deal could be amazing.

I don't have any -- and it's not because of this deal.

I happen to -- I read the end of the book. So I know how this ends.

This will not -- you know, this is not --

STU: You skipped ahead?

GLENN: I skipped ahead. I skipped ahead.

STU: Don't ruin anything.

Don't -- no spoiler alerts.

GLENN: I won't. No spoiler alerts.

Let's just say, this might last for a week. It might last for a thousand years. I don't know.

But we will be in this situation again. We all know that. We all know that. But let's take and celebrate peace while we can.

And the hostage is coming back. That is massive. Massive.

And due to Donald Trump.

Today, if you don't like Donald Trump, fine. Fine.

But how do you take this one apart?

Honestly, how do you not claim this is a massive victory, for the whole world?

STU: Well, I can tell you, that a lot of people on the left are rooting for it to collapse, which is a shockingly revealing moment. I mean --

GLENN: Wait. What?

STU: They are -- you know, they're not going to be out there like, we hope this collapse is.

But you know they hope it collapses.

They don't want to give Trump credit for it.

And they would rather have this continue. They would rather have this war go on.

Than admit that the reason it's ending is because Donald Trump was able to negotiate this deal.

That is central!

GLENN: I think anybody who has played politics with the Palestinian, you know, all that stuff. And all the stuff on the streets. That -- that has been a very effective tool for them. And so I would agree.

And they don't want that tool to be taken away.

STU: You think the Hamas wing of the party wants this? You think Rashida Tlaib is all thrilled about Donald Trump's efforts here. They will hear about Ilhan Omar -- how wonderful --

GLENN: Those are extremists.

STU: I mean that. This is a very revealing dividing line on the left. Right?

If there is anything that is ever going to happen, that Donald Trump can be given credit for. That you think this could be clear. John Fetterman. Fetterman has obviously pretty good on this issue. But Fetterman came out, gave a statement that should be basic. Basic. Like, hey, this is good. And I really hope it works. Donald Trump did a good job on this.

That's the type of stuff that should be obvious for everyone to be able to --

GLENN: That's what "Tip" O'Neill would have done. "Tip" O'Neill and Ronald Reagan, they got together. They disagreed. They fought hard, but they had dinner.

Yeah. Because "Tip" O'Neill could say, that was good. That was good. What he did was just good for all of us.

STU: That worked well. Good. I'm glad that happened. You should be glad that happened. We should all be rooting for the success here.

Even if what the -- you know, like, I rooted -- again, I have all sorts of criticisms the way Barack Obama dealt with the Middle East.

Yeah. Plenty of them. And we went over them over and over and over again.

And plenty of issues with specifically the way he went after Osama bin Laden. But on the day that it happened, really happy about.

Very happy that we were able to do it.

Now, look, it's our military that does it. They can say all this stuff too. They can say, oh, well, the real reason is. Blah, blah, blah.

But we can still be happy, that this occurred. And you can still be excited and give credit where credit is due.

GLENN: This is a win for all humankind. For humanity!

For life!

Stopping Hamas from torturing. You know, torturing kidnap victims.

Stopping the bloodshed that was happening because of the war on both sides.

That is a win. Having the possibility of a stable Middle East, at least for a while. That's a win!

That's a win all the way around. Everyone should be happy. I don't care if you like the president or not.

Everyone should be happy that mankind, put one on the chalkboard for all of mankind today.

This is a huge -- never seen -- this is on the good side. Never seen this one before. Didn't see this one coming.

I mean, we should all be able to say, wow!

And thank you. Because he's the -- I really, truly believe, when it comes to negotiating things like this, there is nobody better.

I mean, that's what he does for a living.

And he knows it. He knows how to read people. He knows how to it.

And this is evidence of it.

STU: And he will do things that are so out of the norm. That it resets everybody's thinking. You know, I mentioned --

GLENN: If he wouldn't have done that. If he wouldn't have done that, we wouldn't have all the Middle East signing on to a peace deal.

STU: I respect. What would they have done in a situation like Trump was with Netanyahu?

Their advisers would have said, "Look, this is great. You guys are together on this. Let's go to Hamas. We'll talk to them. We will see if we can get something done. We don't want to ruin it by announcing it publicly. There are times, where that tactic cannot work. But it worked really well here."

He forced them to basically say, "No, we don't want a cease-fire," or, "Okay. We'll go along with this."

And, by the way, you go down this list, there's a lot of stuff -- this is Hamas never, ever having control of this region ever again is built into this agreement. Now they've only talked about -- they're only on phase one here. So we don't know that we get all of this stuff. But like, there's a lot here that really improves the lives of Israelis, of --

GLENN: Palestinians.

STU: Arab Israelis in the region. You know, Palestinians. Other Arabs in the region.

GLENN: Saudi Arabia. Everybody.

STU: Yeah. Not to mention, just globally.

Right? This is a positive.

GLENN: Look what this does.

That's Turkey. So that separates Turkey from Syria, which is right in bed with -- with Iran.

I mean, think about how this box is. If you have the entire Middle East, now operating with Israel, and saying, we have a right to exist. Think about what that means, for this block, now to Iran. Iran doesn't mind being a pariah.

But now, everyone is officially saying, aisled do business with them.

STU: We will choose business over these guys.

That's a big statement in that world.

GLENN: That's a big deal. Big deal.

Big investors buying gold: What does this mean for your dollar?

Gold has reached a record high price of over $4,000 an ounce. So, what does that mean for your dollar? Financial expert Carol Roth joins Glenn to explain why this news is so concerning and why many big investors have started to buy gold.

Transcript

Below is a rush transcript that may contain errors

GLENN: Well, Carol Roth, welcome to the program. How are you?

CAROL: I'm doing great, Glenn! I'm actually celebrating my 26th wedding anniversary today, so it's a blessed day.

GLENN: Oh, my gosh. Congratulations! Congratulations! It's weird. I'm coming up on my 26th on January.

CAROL: Oh, fabulous. Fabulous. It's a good amount of time to be married, yes.

GLENN: It is. It is. So, Carol. Let's talk about the price of gold hitting --

CAROL: It's over 4,000.

GLENN: Which is nuts. And I don't think people really understand. I don't think the average -- this is my guess, and I want you to correct me. I don't think the average person is buying gold. I think this gold-buying is happening from sovereign funds and central banks, mainly. Also, Asian markets. I don't think Americans really understand what $4,000 an ounce means. Can you explain it?

CAROL: Absolutely. I think the world both, investors and central banks are catching up to the things that you and I have been talking about for years. So, you know, we're ahead. We warned everyone. And now this is a little bit of catch-up. Interestingly, you know, as you noted, the average American is very behind in terms of what gold means.

When you look at Chinese households. When you look at Indian household. There are estimates that each one of those country's households owns up to 30,000 tons of gold at this point. Which to put that in context, the US government owns 8,133 times.

GLENN: So the Indian households, all of them combined, 27,000 tons.

CAROL: Right.

GLENN: What we say we have, is he 8100. Wow!

CAROL: So the households in China and India are really ahead of the curve. When you look at data for the US, it's a little bit hard to get good data. But from what I've seen, the estimates are only about ten to 11 percent of US households at all, have exposure to gold.

Now, I know that your audience is very sophisticated and is ahead of the curve. And I would imagine blows through that number. But just shows how sort of unprepared US households are in general.

GLENN: When you're looking at Indian and Chinese households that own gold. Does that include all the gold jewelry?

CAROL: Yes. Yes. That's actually, particularly in India. One of their preferred ways of procuring gold. Yeah.

GLENN: Okay. So gold has -- gold has shot up over $4,000 in record times. I mean, breathtaking time. What is causing that?

CAROL: Okay. So there are a confluence of factors, and I think the two most important factors, which, of course, are linked. Are what Wall Street is now calling the debt debasement trade. Which they're just caught up. And gave it a cute name.

And changing the global financial order. And they're very much linked.

GLENN: Yeah. Tell me, what is it? The debt debasement? What is that?

CAROL: They're doing the debt debasement trade, which is just basically what you and I have been talking about, which is our unsustainable fiscal position.

GLENN: All right.

CAROL: And what all of the money printing that we've seen over the past 17 years, what that has done to our purchasing power, and how that's going to catch up to us.

So as a reminder, our debt to GDP is at emerging market crisis levels. We were at 120 police levels of GDP.

We're running deficits equivalent to a war-time level. Or recession level, while we still have growth.

Which is crazy. We have interesting interest rate -- or interest payments that are outpacing defense spending.

So everyone is now finally catching on to the fact that this is an unsustainable financial position.

And it is going to be very difficult to get out of. Without there being some sort of additional debasement of our currency. Which is a fancy way of saying, a diminishment of your purchasing power.

What's really crazy. There's a chart that's been going around, and they did kind of a comparison of different asset classes. Price in US dollars, price in gold.

So if I look from the end of September 2018, out seven years, and you look at the top 100 NASDAQ nonfinancial companies. It's called the NDX. In US dollar terms, that is up 236 percent. So you think you're super rich, right?

But in gold terms, solid money that doesn't -- you know, that doesn't have its value debased. It's only up 4.7 percent.

GLENN: Oh, my gosh.

CAROL: Yeah. Of course. The S&P 500 up 133 percent over that period in dollar terms. It's down 27.6 percent in gold terms.

And what's called the Case-Shiller Home Price Index, which is the value of homes, the way that's measured. Dollar terms, 60 percent. Oh, houses. So expensive In gold terms, it's down 50 percent.

In fact, right now, it takes less gold in terms of ounces, to buy the median single-family house, than it has in decades and decades and decades.

So it goes to show, that even though we see these dollars. They're buying less and less. And now, you and I were talking about this forever.

But now Wall Street is catching on. Oh, that's not a great thing. And so in terms of preserving the hard-earned capital, we need something that is that -- that hedge. That mutual hedge that is going to retain its value.

And that's why more investors, institutional investors. Funny enough, a lot of millennials, more than anyone starting to really get in to gold.

GLENN: You know why? Because millennials have not been trained their whole life. Trust the system!

CAROL: Yes.

GLENN: And they see it clearly. And they look at it, and they're like, well, this doesn't make any sense at all. And they're going to spend this.

And they will wreck the dollar and everything else. They just see it without being trained over and over and over again. Like, trust the system. They don't trust the system.

And once you realize, the system is rigged in a million different ways. And the system is not telling you the truth.

I mean, that is amazing. When you look at the stock market. And you say, it's actually down, when you compare it in US dollars. To gold!

What's happening -- let me explain this to the audience. What all that means is: Gold is only going up in dollars. It's staying -- it's staying stable. But it's costing you more because of inflation. The dollars are buying less! So it looks like you're paying more, but you're really not. It looks like the stock market is going up, but it's really not! It's what it costs to get in with dollars. If you're going in with gold. You'll actually see that if it was all done in gold, the stock market is down. The price of housing is town.

It's the dollar. It takes more dollars to buy, than it does with gold, which holds its value.

That is -- if people could understand that one thing, that changes all the conversations of, the government has to do something to make housing more affordable. No, they don't. They have to stabilize the dollar. They have to stop spending so much money.

CAROL: Yeah, I mean, if you think of the three definitions of money, it is a medium of exchange. You know, how you helped to exchange goods.

It's a unit of account, which we say, things are priced in dollars, and it's supposed to be a store value. The unit of account, that you just talked about. My friend Steve Forbes has a great analogy, and he talks about other measurements.

You know, imagine that your clock, you know, one day, at 12 o'clock, you know, means midnight. And another day, 3 o'clock means midnight. Or 6 inches to measure a curtain one day. And then the same measurement is like a foot, a different day.

You can't have -- a consistent measurement if the unit of account continues to change. And that's what we've been seeing here with the dollar. And unfortunately, it has not been to our favor.

Which means, that when you work really hard to earn something and it's valued in a dollar, that over time, that -- that work that you put out, your productivity is worth less and less.

And so what gold is meant to do. It's meant to be Capitol preservation. It's not a risk asset. It's not meant to take on risk. And maybe go up a ton. And maybe go down a ton. It's really meant to be a counterbalance to what you have earned. So that you can preserve your purchasing power.

GLENN: You know, I've been saying this for a long time. That you put your money. And I have money in the stock market. You put the money in the stock market.

If things really go awry, go ahead. You're going to cash out for an awful lot of money. But those dollars. It will be paid back to you in dollars.

Those dollars will be worth less, even though there's more of them stacked up, than that ounce of gold, or, you know, that 10 ounces of gold, or whatever you had!

The stock market is paid in dollars. And so as the inflation goes up.

But gold keeps its value!

Keeps its value and hold it steady.

So, yeah. You will be paying more in dollars if you try to sell your gold. But that will continue to increase while stock markets will go down. Am I right?

CAROL: It's a counterbalance. So if things were to shift, and for some reason, you know, things were to change with the dollars, which we would need a lot of different catalysts. Then your gold goes down. It's a counterbalance, which is why it's important to have that diversification in your portfolio. And to have the gold hedge.

What's interesting, Glenn. Just the history, we're talking about millennials.

You know, they went through the great recession. Financial crisis.

They're kind of keyed into this. But if you think about when we came out of the '70s with this crazy inflation. We came out of the gold standard. It used to be very commonplace for a financial adviser to sit down and say, okay.

We've been through this. And so you should be putting, you know, five to 10 percent of your portfolio in gold. As the stock market took off in dollars. And became this big thing.

And they started seeking fees. That went away. Financial advisers, who don't get paid sometimes at all, when you allocate to gold. Stop recommending it.

GLENN: Yep.

CAROL: And now we're seeing a shift back, now we're seeing, you know, oh, yes. You should have some. Some of the big names out there saying, even more.

GLENN: Ray Dalio just came out and said, 15 percent.

CAROL: Yes, we've seen big names like that, anywhere from ten to 20.

And when they surveyed high net worth investors, which are $250,000 in assets or more, they're averaging right now, 21 percent of their holdings in gold.

So it's a very big flip in recent years, on how this is being viewed bit people who have accumulated those dollars and are worried about them.

GLENN: Okay. So let me just summarize here before we move on. On to some other questions.

That is exactly what my grandfather who lived through the great depression said. What are the people with big large amounts of money doing?

I want to do that. And if I did do that. I would be better off in the great depression.

You just heard it, 20 percent or more, right?

From big dollars.

They're investing in gold. 20 percent!

You should -- you should have some!

CAROL: And it's interesting. Some of the portfolios we're seeing is coming from not only the equity peace, but from the fixed-income peace, which is pretty interesting too.

GLENN: Amazing.

Unmasking Antifa: The Dark Truth Behind Its Well-Funded Network | Glenn TV | Ep 461

The cities of Portland and Chicago are turning into war zones. Federal agents have been ambushed, police have been ordered to stand down, and mayors are defying the Constitution. It’s insurrection in plain sight. Glenn Beck heads to the chalkboard to uncover the hidden support and funding networks propping up Antifa. Glenn debunks the myth that Antifa is decentralized and leaderless, tracing connections from Soros to Tides and other shadowy nonprofits. Plus, independent journalist Nick Sortor joins from outside an ICE facility in Portland, where he was wrongfully arrested by police following attacks by Antifa members.