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Ben Shapiro: ‘Nikki Haley at the UN Is Basically My Spirit Animal’

U.S. Ambassador to the United Nations, Nikky Haley, once again, proved why she’s a woman you just don’t mess with. As the U.N. General Assembly defiled the U.S.’s sovereign right to declare Jerusalem the capital of Israel and its decision to move the U.S.

Embassy to the recognized capital, 128 U.N. members, unashamed, voted against the move on Thursday. Fortunately, their decision has no impact on the matter but our favorite ambassador made note of who voted against it threatening to strip aid from those who did so. On Friday’s episode of “The Glenn Beck Radio Program,” Ben Shapiro filled in for Glenn and celebrated Nikki Haley’s courage in the face of adversity. He also suggested that we pull funding from a useless organization whose ideals are the antithesis of U.S. interests.

Watch above. 

This article provided courtesy of TheBlaze.

BEN: This is Ben Shapiro in for Glenn Beck. Glenn is on vacation. A well-earned vacation. And it's an honor to sit behind the microphone for the Glenn Beck Program. A lot of news here as the year wanes. Still, a lot going on out there.

And The news begins today with Nikki Haley just going off at the UN. She did this yesterday. And as I said at the time, Nikki Haley at the UN is basically my spirit animal. It's just spectacular. So the UN votes yesterday, 128 to nine, for the proposition that the United States ought to be condemned from moving our own embassy to Jerusalem and Israel.

Now, there are some Americans who think that this is a terrible idea. Not only is it a terrible idea, but President Trump's threats to retaliate against countries that vote against us in the UN, those are bullying.

John Brennan, the former DIA, director of intelligence agencies, under Barack Obama, he came out and he said it was dictatorial for President Trump and Nikki Haley to threaten funding for countries that don't our way in the UN, which is sort of amazing. Since we are the ones with a sovereign right to put our embassy wherever we damn well please.

But one of the amazing things about how the left has responded to the international community condemning Trump is that they hate Trump so much, they dislike Israel as a general matter so much, that they're fine with the international community pandemic.

It's always been weird to me how so many folks on the left are interested in what the international community has to say, as though the Europeans actually have any moral leverage with which to shame us. Or the UN, which is filled with dictatorial, tyrannical countries that oppress their own citizens. Like we're supposed to sit around listening and waiting for their moral guidance. It's the United States that has saved civilization time and time again. It's the United States that has ensured that morality prevails in war after war over the last century and a half.

It's the United States that has stood up when standing needed to be done, and yet there are the people on the left in the United States who think we should look for our cues to places like Germany. Germany voted against the United States, putting its embassy in Jerusalem, as though the Germans have anything to say about it.

And the Germans should just sit down and shut up when it comes to Israel overall. But the Germans should certainly sit down and shut up when it comes to the US putting our embassy where we please.

If they don't like it, we can always remove our -- our bases from Germany. I mean, this notion that the international community owes us nothing and that they shouldn't follow our lead, if the international community followed the United States' lead, the world would be a much better place. If the opposite occurred, the world would be a much worse place.

Here's Nikkei Haley yesterday, at the United Nations, going off on all these countries that were voting against the United States and trying to shame the United States into moving its embassy back to Tel Aviv in Israel.

VOICE: The United States is by far the single largest contributor to the United Nations and its agencies. When a nation is singled out for attack in this organization, that nation is disrespected. What's more, that nation is asked to pay for the privilege of being disrespected. The United States will remember this day in which it was singled out for attack in the general assembly for the very act of exercising our right as a sovereign nation. We will remember it when we are called upon to once again make the world's largest contribution to the United Nations. And it will remember it when so many countries come calling on us, as they so often do, to pay even more, and to use our influence for their benefit.

BEN: Yes. Yes, Nikki Haley. Nikki Haley is just fantastic over at the United Nations.

And naturally, you're seeing the usual suspects suggest that there will be violence over Jerusalem.

Now, what's funny is that Hamas yesterday announced that there would be days of blood over this. Which, for Hamas, the terrorist group that occupies the Gaza strip, for Hamas, that's basically any day ending in Y. Any day ending ending in Y is a day of blood for Hamas, which is a terror group that has sought to murder Jews and dissenters in like quantities for the last 20 years, minimum. They were founded in 1998, I believe. And as part of their founding document, the Hamas charter specifically talks about the murder of Jews everywhere, not just in Israel, but the murder of Jews everywhere.

And why exactly why they would riot after a resolution that went in their favor is beyond me, right? The UNGA votes in favor of Hamas and Islamic jihad and the Palestinian authority in this resolution. And they're threatening to riot anyway. And then they suggest that Israel is the one that's breaching the peace? They suggest that Israel is the group here participating in extortion, or the United States is participating in distortion.

The entire Palestinian strategy in the Middle East has been extortion for nigh on 50 years at this point. Give us what we want, or we will murder your children. That's pretty much definitionally extortion.

Also, worth pointing out. They're saying there's going to be another day of rage. This would make literally the eighth day of rage, inside the Palestinian Occupy territories in the last year. Since last year.

So over the course of a year, they have eight days of rage. As I say, they don't really need a reason. The toilet doesn't flush properly. Day of rage.

Actually, I wish that were true. I wish if their toilet didn't flush properly, there would be a day of rage because then maybe they would spend their money on fixing the toilet, instead of terror tunnels.

But a Jew in Israel sneezes, day of rage.

That's -- I want to go through the history briefly of Jerusalem, just so that folks understand that the supposed violence that's going to occur, because of President Trump, has nothing to do with President Trump. The supposed violence that is going to occur because Israel is in charge of Israel is not because Israel is in charge of Jerusalem. Jerusalem has long been a point of contention for Muslims.

In 1929, before there was a state of Israel, before there was even a glimmer of a notion of a state of Palestine that would come anywhere close to Jerusalem, in 1929, while -- while the area was called Palestine, but it was a British mandate Palestine, there were riots by Arabs against Jews in 1929. Right?

Again, long before the United States had any position on this because Israel didn't exist. Why?

Because Jews made the provocative move of bringing chairs for the elderly and the infirmed to the Western wall for prayer purposes.

In October 1928, the Grand Mufti of Jerusalem decided to build on top of the Temple Mount, and purposefully led mules through the Western Wall area, excreting in the holy area, despite the Jews, Which led to a Jewish march to the wall, in August 1929, a non-violent march.

,

The next day, Muslims marched to the wall, to show their sovereignty, even though the western wall isn't even holy to Muslims. And the day after that, the Arab stabbed a Jew to death in the city. By August 23rd of 1929, Muslims were rioting across Jerusalem. Seventeen Jews murdered. A hospital attacked in Hebron. Hebron. Arabs massacred more than 60 Jews.

Here's the British Shah report: Again, the reason I'm doing this is because I want to show you that when people say that violence is being caused by Trump or violence is being caused by America's policy on Jerusalem, or violence is being caused by the Israeli's because of Jerusalem, it's just nonsense.

Again, this is 1929. No, Israel didn't exist yet. No Jewish occupation of Jerusalem, that doesn't exist yet. No United States policy.

No US embassy there. All right. The British Shah report described what happened. Quote, Arabs in Hebron made the most ferocious attack on the Jewish ghetto and on isolated Jewish houses lying outside the crowded quarters of the town.

More than 60 Jews, including many women and children, were murdered. More than 50 were wounded.

There were also anti-Jewish riots in the '20s and in the 1930s. In 1948, Israel's existence was supposed to create a peaceful barrier with regard to Jerusalem. Instead, if you had cautioned in the 1947 UN partition plan, Jerusalem was supposed to be an international city.

Instead, Arabs cut off all roads to Jerusalem, preventing Jews from reaching the city, and blockaded the Jews who were living inside. Thousands of Israelis had to be sacrificed or killed, trying to to reach their brethren in Jerusalem.

The outcome was a split of the city, between West Jerusalem, which is under Jewish rule, and did not include the western wall or any of the Old Testament areas, really, and east Jerusalem, controlled by Jordan.

While it was under Muslim rule, Jews were not allowed to visit Jewish holy sites.

Under Jewish rule, Muslims always have been. Muslims actually used gravestones from the Jewish cementary, the Mount of Olive. Which, if you've ever been to Israel, overlooks the Western Wall and the Temple Mount. They used those gravestones to pave their roads.

And, by the way, between 1948 and 1967, during that period, while East Jerusalem, all the holy sites were controlled by Jordanians, the Palestine liberation authority, which is the Palestinian authority, the Asar Arafat group, (?) which is run by Hamas. It was formed in 1964, while Jerusalem was not occupied by the Jews, at least the old city. They openly said what their goal was. The destruction of the state of Israel. Before Israel controlled Jerusalem. In 1967, (?) and not only did they grant Muslims access to holy sights, they actually handed full control of the Temple Mount over to the Islamic with a. A huge mistake (?) on the temperature mount. You're talking about intolerance in Jerusalem. You're talking about repercussions for rule in Jerusalem.

The fact is, just on a moral basis on who who will allow (?) the Jews should be in charge over there.

In 1993, Israel agreed to negotiate with those terrorists and the Palestinian Authority over a future (?) the PA said it would acknowledge -- (?) and cease violence. Which it never has. It never made any statement about transferring Jerusalem to Muslim rule. Despite that fact, the number of terrorist attacks on Israel dramatically increased in the aftermath of that.

In 2000, (?) Yasser Arafat of the Temple Mount itself. The Muslims reject it. Then they started with the violence that ended with the murder of hundreds of Jews. Again, (?) a leader of the Palestinian Authority and a man who works with Hamas, international control of Jerusalem's old city, including the holy sites. (?) it will be 50 years before there will be another Israeli prime minister that will offer you what I'm offering you now. Omar (?) from Judea and summary I can't. Launched another round of violence. So when people are saying that Trump is to blame (?) Nikki Haley is to blame. When they say this sort of nonsense, they're just historically inaccurate. What they're saying is not historically accurate. As we continue, I want to talk about the European response. (?) why it makes no sense whatsoever. I'm Ben Shapiro in for Glenn Beck.

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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.

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

Gold is at $4k an ounce. What that means 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.

TV

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.