GLENNFebruary 23, 2017

Finding Virtue in Hell: Glenn Headed to Bangkok With Operation Underground Railroad

Glenn will be joining Tim Ballard and the team from Operation Underground Railroad for a bird's eye view of the sex trafficking industry in Bangkok, Thailand. It will be his first trip into what he calls "the gates of hell." Ballard did nothing to dispel Glenn's ideas about what he'll soon witness.

"I've been doing this for 15 years, and I want to go home and vomit every time I walk down the street that I'm going to take you down in a couple days," Ballard told Glenn.

While Glenn knows he's going to encounter evil like he's never seen before, he'll also be on the lookout for something entirely different.

"You know, vice already exists. I'm going to bring our cameras with us. I'm looking for virtue. In the worst possible scenarios, where can we find the virtue?" Glenn said.

Enjoy the complimentary clip above or read the transcript below for details.

GLENN: Hello, America. Welcome to the program.

It's funny, as we were talking about underage sex, sex with minors, and you heard Bill Maher from the past, maybe ten years, they're kind of joking about it. And as long as it's happening with a boy, it's okay. As long as it's an older woman and a boy, it's okay. If it's a boy and an older man, it's not okay. I mean, we're seeing this with Milo. He talked about sometimes it's okay if the man is giving him a loving experience. And, you know, basically grooming him. It's okay.

Or -- and everybody was against that. Bill Maher was talking about that -- that case up in Seattle, where it was a, what, 34-year-old woman who was grooming a 14-year-old boy. And everybody is laughing. How do you rape a boy?

Well, it happens a great deal. Tim Ballard is in. Tim runs Operation Underground Railroad. Ourrescue.org. And it's an organization that this audience helped found and start. Raised the first million dollars to help get it off the ground. Tim is an old friend of the show. Was with the CIA and Department of Homeland Security for a while doing -- you know, busting up sex crimes. And just couldn't take it anymore because there's a lot of things that the government just can't do because of the role of government.

Started with us going out and trying to save kids. We have an update for you on Haiti. There was a big bust -- this is the Super Bowl bust?

TIM: That's right, yeah.

GLENN: While everybody else was celebrating the Super Bowl, Tim and his team were out having another Super Bowl party, if you will, in Haiti, that turned out to be a big bust. Biggest bust yet?

TIM: One of our biggest.

GLENN: One of them -- okay. Tell us about it.

TIM: Well, we -- as you know, because you were with us a couple months ago -- we've been setting things up in Haiti for quite some time. Actually, one of our first operations was a bust in Haiti. They were selling kids out of this illicit orphanage.

But Haiti is such a broken land. There's 300,000 slave kids. And we -- again, you know, Glenn, because you were with us, and you saw this firsthand.

And we've been working for some time with the police. In Haiti, to do something about this -- I mean, these poor kids are taken. They're slave labor. Sex trafficked.

GLENN: This literally -- every -- I can't say every. But if you buy an avocado from the Dominican Republic, which most of us have, a lot of those have been picked by literal slaves. Not like kind of slaves. I'm working for slave labor. This is slave labor wages.

No, no, no. Actual chained slaves is what we're talking about.

TIM: Yeah, it is -- it's the most incredible thing we've ever seen.

About two, three months ago, the Haitian police told us they had information that children were being sold for sex, in the Port-au-Prince area, a couple of nightclubs where this was happening. And asked us if we could go in, using our top undercover team, to play the role of the Americans because that's who the trappers will then come to.

They sent us in, and then within a couple of days -- in fact, while you're there, and, you know, this, that's when that team was working parallel to what we were doing on the rehab side.

GLENN: Yeah.

TIM: And they found about three different -- three different networks that were selling children as young as ten years old. And they -- they brought these kids after a series of negotiations, always working with the police, right? We work with the police. And they believed that they were coming down, a bunch of Americans for a Super Bowl party at a little resort on the eastern part -- or the western part of the island.

And they ended upbringing 29 victims, 20 of which were actual children. And then traffickers brought these kids. And they walked on to this scene. And we have some photos of this, or some videos. But they walked onto this scene that looked like this beautiful, you know, American bachelor party, Super Bowl party. And they walked these poor -- these kids in. My operators reported that some of them were branded with -- you know, as property with tattoos. At least two of them we know for sure had been the subjects of child pornography that had been produced and distributed internationally.

GLENN: Yeah, one of them was really quite a star of child pornography.

TIM: Right. One of them -- yes, they had been making videos since she was nine, ten years old.

GLENN: Oh, my gosh.

So you saved the 29?

TIM: Yeah. Yes.

GLENN: The bad guys went to jail?

TIM: All of them.

GLENN: All of them went to jail.

TIM: Yep.

GLENN: And the kids -- and we don't want to get into the details of this because it's -- it's amazing when Pat and I went over before Christmas, and we saw these kids. I mean, I don't think people would -- I don't think people understand. We went into these places, these orphanages where these kids are being brought in.

And literally, they would not leave us alone. They would not -- I have never seen kids -- little kids just come to your feet and look and put their arms up, like please hold me. And then they would cuddle next to you. I mean, they would put your cheek next to your cheek. And they would not let you go.

PAT: Just starved for affection.

GLENN: Starved for affection.

PAT: Uh-huh.

GLENN: Which is odd. Now, not all of these kids that we saw are in sex crimes. But they're all orphans. And some of them are the lucky ones that went to the orphanage that wasn't selling them for slaves because, as we also found out, in Haiti, our own churches are -- are doing some things that are causing damage to Haiti.

We all go over there. We all want to do the right thing. But between the corruption of the government and us being do-good Americans, sometimes we don't know. And some of these churches -- hopefully not very many, but some of these churches are actually -- some of them knowingly engaged in the slave trade.

TIM: Yeah, it's crazy. It's just culturally accepted -- it's really no different than the church's involvement in 19th century America, where it's culturally accepted. There's 300,000 children. They call them restaveks. And they're kids who are -- it's domestic servitude. But it's slavery. The kids get sent to rural areas. Or, you know, they say, we can't afford them here, so we send them to our family or to our communities outside of the city. But we go in, undercover, we know what's happening. These kids are being treated as slaves. Sex slaves. Slave labor.

And we even came -- a couple of pastors who had two or three of them. And they were -- I mean, they were slaves.

PAT: Oh, my gosh.

GLENN: Like sleep on the floor, can't eat with the family, Cinderella stories.

TIM: Yes.

GLENN: True Cinderella stories. And the churches don't -- and the churches there -- not all of them, by any stretch of the imagination, but some of the churches there, it is so normalized there, that they don't think that they're doing anything wrong. And the kid -- and the parents will bring their kids to the pastors. And the pastors will say, "Oh, I'll take care of it," and ship them off to be sold into slavery. It's crazy.

PAT: What percentage of the kids that are in sex slavery do you know, Tim, have been sold by their parents? As opposed to kidnapped.

TIM: Yeah. Anecdotally, I can say it's -- either sold by their parents or lured out where the parents didn't really -- they were duped, I'd say probably 90 percent.

PAT: 90 percent!

GLENN: Wow.

TIM: Very few are like a hard kidnapping like in the movie Taken.

PAT: Oh, my gosh. Yeah.

Wow.

STU: The documentary.

GLENN: Tell the story about the dad who was told his children were great for -- what was it? You know, the Star of Brazil Show. You know what I'm talking about. It was in the Dominican -- I can't remember where it was, where the talent scout came to town.

TIM: Yes, yes. Unbelievable.

GLENN: Yeah. Can you tell that story?

TIM: What happened was -- this was in Cartagena in Colombia. And there was just this woman who 25 years old, beautiful. She was Ms. Cartagena 2012, I believe. So she was known in the community --

GLENN: This is like Miss America. Okay. Think of this.

TIM: And the traffickers had recruited her, and she knew exactly what she was doing. To go in -- and she would walk into these homes of kids. And they targeted them about nine years old. And they would go and sit down with the families and say, "You know who I am. I can make your daughter famous and rich like me. And I'm going to give her a scholarship to my modeling school." And it was a real modeling school. They had pamphlets. They had commercials. They were showing them on their laptops. And the families thought, "Oh, my gosh. My ship came in. And go -- go to the school."

And they take these kids, and they put them in the school. After they go to school, they go to their three or four hours in this modeling school. And slowly, they're desensitized. They're shown pornography. They're shown child pornography. They're given drugs. And they're told eventually, part of this job is you're going to go into that room, and there's going to be a person in there. And likely a Westerner. And you're going to do whatever sexual acts he wants you to do. That's part of being a model. And, by the way, if you tell anybody about this, you will be dead, your family will be dead. And these kids -- some of them go home every night, and they don't say anything. And that's where we were able to sweep in, and we were able to infiltrate that group.

And on that operation, we rescued over 100 kids.

JEFFY: Wow.

GLENN: This is really, really important work. Tim is going to be with me tonight on television at 5 o'clock. We're going to show some of this video of this bust. So you'll see some of the kids. And the most important thing is that these kids are all taken and they're safe. They don't leave the arms of Operation Underground Railroad really until they're 18. And they're safe and on their feet. They get an education. They are fed. They are given spiritual education. Spiritual healing.

And it's an unbelievable service. Really unbelievable. And it is all thanks to you.

We have a goal in the next year that we want to raise an awful lot of money. And we'll tell you why coming. But we sure would like your help. If you would be willing to help us on these -- I mean, really, you want your name written in the Book of Life, you want to know why you're here, how can I make a difference, did I ever make a difference? This one makes a difference.

How much to save a child?

TIM: Right now, we're running about 2500 to 3,000 for a kid who is outside of the United States.

GLENN: Okay. And we'll get to the United States. We'll probably talk about that a little bit tomorrow and next week. But if you would like to help in any way you can, go to ourrescue.org. That's ourrescue.org. Tim, I'll see you this afternoon.

TIM: Thanks, Glenn. Thanks.

GLENN: Thank you very much.

[break]

GLENN: Just a couple more minutes from Operation Underground Railroad, ourrescue.org.

I'm actually getting on a plane as we leave tomorrow to go to Bangkok. And, you know, this is -- this is the -- this is the seat of Sodom and Gomorrah, if you will. Is this ground zero for sex trafficking?

TIM: Definitely one of them. Maybe -- yeah.

GLENN: And he's going to take me through the gates of hell. And, you know, Vice already exists. I'm going to bring our cameras with us. I'm looking for virtue. In the worst possible scenarios, where can we find the virtue?

And we already have an idea -- a couple of ideas of where we can find it. But as the operators go in and rescue some children, they're going to be doing some things. We're going to be finding the virtue. But I -- the gates of hell -- you know, I've watched a few documentaries on it, and I don't know if I'm ready to see it myself. Pretty --

TIM: I've been doing this for 15 years, and I want to go home and vomit every time I walk down the street that I'm going to take you down in a couple days.

STU: I'm sorry we are missing this trip. I'm telling you, wow, I am really sorry we're missing this one. Because that's really difficult, man.

GLENN: We're going to spend more time in the airplane than we are on the ground, which is unfortunate. But it's going to be a whirlwind trip and hope to be able to come home and show you some stories of how you are making an impact. And this one involves us, except a different -- this is not rescuing the children alone. Because I get a lot of people -- why are we spending money elsewhere? Well, because children are children. I don't think the Lord sees borders.

STU: It also goes a lot further too. Right?

GLENN: But if it's happening here in America, we have to take care of it as well. But this particular case, we are. Because the bad guys, a lot of them come from the United States. We're going to a shelter -- I don't want to say anything about it. But we're going to one place where, you know, Operation Underground Railroad has teamed up with this Buddhist monk who actually goes and rescues these 7-year-old boys from the clutches of American men who have come over for a sex holiday. And we have to police our own. Get them out of the picture as well.

We'll have more on this tonight. Some more good news on this tonight. And so much more, coming up on the program. Next, Tim Ballard. Ourrescue.org.

VIDEOS

TPUSA Presents This is The Turning Point Tour LIVE with Glenn Beck at the University of North Dakota

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.

RADIO

Trump's peace deal: A new era for Israel and Hamas

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.

RADIO

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.

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