RADIOMarch 15, 2022

Dave Ramsey: Don’t let FEAR derail your financial plans

Dave Ramsey, financial expert and host of ‘The Ramsey Show,’ joins Glenn to discuss how fear of our unknown future may be affecting how some Americans invest or plan their finances today. It’s always best to assess risk in the marketplace, Ramsey explains, but ‘when the fear kicks in it coats your brain and lowers your critical thinking skills.’ Plus, Ramsey describes the three components of inflation we’re experiencing today, and he predicts how much further inflation may go…

Transcript

Below is a rush transcript that may contain errors

GLENN: So if it isn't Dave Ramsey. Hi, Dave, how are you?

DAVE: Great, my friend. How are you is this?

GLENN: I'm very good. But I do want to thank you for the pleasure of having my wife come home, who listens to you every day, and say, honey, see, I told you, you were crazy.

Dave Ramsey said you were crazy. Thank you for that, Dave.
(laughter)

DAVE: Any time, my friend. I am just here to help. I'm a big Glenn Beck supporter.

GLENN: Yeah, no. No. We don't even have to go down this road. We are good friends. We have been for a long time. I have a lot of respect for you, and I know it goes the other way. Here's what I do want to do. You were talking about the Great Reset.

You're in a different business, really, than I am.

You give financial advice. I don't. I always say, this is what I'm doing. But don't listen to me. Because I have no idea, what I'm talking about.

I wanted to get from you, what you think The Great Reset is.

DAVE: Well, the irony of this is, is that both our books came out the same day. January the 11th.

GLENN: Yeah. That's right.

DAVE: And both of them were on the best-seller list, at the same time.

Baby steps, millionaires. That actually started this conversation this morning too. Because what happened, a guy followed our baby steps, and became a millionaire.

Completely out of debt.

Has a net worth of $100 million. Calls in. And says, hey. I'm thinking about not investing anymore, because of the Glenn Beck reset. That's what started --

GLENN: Hold on. Hold on. Just a second. First of all, it's The Great Reset. Not the Glenn Beck reset. And I have never said that. I still -- I said, if you are concerned about it, spread your money out as wide as you can, because I don't know what will hold.

But I still have my house. I still have money in the stock market. I'm very careful on who I invest with. I don't want to invest with BlackRock. Although, if you want to make money, that's what you should do.

If you want to make money.

DAVE: Well, if you have no principles.

GLENN: Yeah.

DAVE: So, you know, no. I'm not an expert on the great reset.

You are. You wrote the book on it. And diversification, what you're talking about there. Spreading your money out.

The Bible says, spread your portions to seven, yes, to eight. For disaster, make them upon -- diversification is the oldest financial rule ever. Never put all your eggs in one basket. Some dude has the basket, and he's been smoking pot. Do not put all your eggs in one basket. Correct?

GLENN: Correct.

DAVE: So that's what we're talking about. And, certainly, we would espouse that as well. What I was trying to do was keeping the guy from freaking out. Becoming scared that the world was coming to an end, and trashing all his investments, that caused him to become a millionaire in the first place.

GLENN: Yeah. So, Dave, this is one of the reasons why I'm thrilled to have you on. Because honestly, you know, I don't know if you know what stakeholder capitalism is. But that's the driving force, or the theory behind The Great Reset.

And you've got the Treasury. You have Yellen saying, this is what we're doing. We're going to have stakeholder capitalism. That's 21st century fascism.

And if you don't mind, not telling your school board, I think you're wrong.

Then you're not going to have a problem with ESG scores.

But you have to play ball, exactly the way, they are telling you. Down the road. With digital money, which is something that the executive order came out last week on.

And so I don't know what it's going to look like on the other side of this.

I have no idea. What's going on. I do know, just with inflation, we have got to batten down the hatches. So what should people do, to batten down the hatches?

DAVE: Well, when we go back in history, the thing we always want to avoid. We always want to be safe. We always want to assess risk in the marketplace. What you want to talk about. We always want to be wise then. The storms are coming. We perceive a storm. Here's where people get crazy. When the fear kicks in, it coats your brain and lowers your critical thinking skills, and they go nuts.

And so I'll give you an old example, I was thinking of this morning, knowing I was going to be on here.

In 1982 Peter Crase (phonetic) was put on the Grace Commission by Ronald Reagan, to study government overspending.

And the deficit, and the damage of the deficits. His cochair on that was a guy named Harry Figgie.

Both of them were billionaires at the time. And Figgie wrote a book later that year, called Bankruptcy 1995, predicting the end of the American economy as we know it because of the deficit increase. Apparently, he was wrong.

Larry Burkett wrote a book called The Coming Economic Earthquake that was predicted in 1992, the world was going to come to an end, and the economic crisis was going to cause America to end as we know it. And, apparently, was wrong.

My good friend, Robert Kiyosaki who wrote a wonderful book called Rich Dad Poor Dad, wrote a book called Rich Dad's Prophecy, where he predicted the end of the stock market as we know it in 2016. Apparently, he was wrong.

So I don't want people to not invest because of fear, by going -- swinging the pendulum too far to the other side. But it is wisdom, there in the middle, to say, hey. I don't like what's going on. I smell fascism. I smell Fauci running the economy. You know, I'm a Libertarian. Leave me free.

Because a free man will drive an economy. But when you start tinkering around in the background, in the back rooms with these things, is there something to be concerned about?

Sure. So you have to be wise about it. But don't oversteer the car, and flip it.

GLENN: Absolutely.

But let me ask you a couple of things.

First of all, I was called a fearmonger in 2006 and '7, when I said, this housing stuff, with the banks, it doesn't work.

There's going to be a collapse. Everybody called me crazy.

As he know, what happened was the crash of 2008. Now, it wasn't as bad as I thought. And that is only because of TARP.

Which was something that is absolutely unconstitutional. And unthinkable, before that crash.

DAVE: No question. No question.

GLENN: Now, I haven't read Kiyosaki's book, but I know him and I respect him.

DAVE: He's the guy.

GLENN: But there's a difference between the end of America and the end of, as he said, the stock market, as we know it.

Because I look at the stock market today, and it makes no sense. We're closing down all of -- you know, all businesses in America, and the rest of the world?

And the stock market continues to go up?

That's not the stock market that I know.

DAVE: Well, the stock market on the short-term is driven by profits. And profits are very, very real right now. In spite of all the economic crap out there. The profits are very real.

But to predict the end of the stock market. Is to predict every household name, that we know of, evaporating.

GLENN: Right. Right.

DAVE: Home Depot. Microsoft. Apple. McDonald's. Coca-cola are all zero. That's the end of the stock market. That's the end of America.

GLENN: Yes, it is.

But what I'm asking you is, the end of the stock market as we know it. I don't know what he wrote. And maybe he wrote, it will be at zero. I don't believe that.

I believe there are companies that will -- just like in the Great Depression. Companies that will fall away. Companies that are tried and true. And rock solid. And they will continue.

DAVE: Yeah. Well, any time stupid is stress tested. We get to see it's stupid. So that's what happens.

I think in '08, maybe you and I were arguing about gold if you remember. Or I was arguing with somebody about it, because everybody was buying gold in that crash. And I just pulled this up a minute ago.

I told people, don't buy gold. I've always told them not to buy gold.

So in the last 10 years, gold had a 3.71 percent rate of return, and the stock market has had a 12.2 percent rate of return.

GLENN: So I don't --

DAVE: Don't buy gold.

GLENN: Well, I disagree with you. The 3.5. When I started talking about it, it's up 10X. However, I don't buy it as my get rich thing. And I say this all the time. I don't buy it for investment. I buy it for insurance against insanity. It's the same reason why China just purchased 220,000 tons of gold. In the end, when the madness of printing becomes clear, the world generally resets, to some sort of a commodity, usually gold.

That's what they're doing now, in China.

DAVE: It completely melts down, it resets to a barter economy. Then a currency will erupt. And you will see that, on a completely collapsed economy. Venezuela or Nazi Germany, when hyperinflation. And it was a wheelbarrow load of money to buy a loaf of bread. So you have hyperinflation kick in. What happens is, currency is based on trust. So it's actually a spiritual animal, in that sense.

And so when you quit trusting that a piece of green paper, with the president's face on it, will buy something. Then you have to trust that something else will work.

And if you trust gold will work, that's fine.

But in a completely melted down economy, people really want bullets, water, blue jeans, and gasoline.

GLENN: So what do you say about the reset of a currency? Which Russia and China are doing clearly, trying to take the petrodollar apart.

So half the world would go that way if their plan would work. And a reset to a digital dollar.
DAVE: Well, it can happen. Again, the thing that has to happen for these things to occur is trust has to evaporate.

You have to no longer believe -- when a certain number of people believe that a bitcoin is worth something, that's the only thing that makes it worth something.

It has no intrinsic value. Actually, a bar of gold has no intrinsic value. Any more than a piece of paper does. It's when people are fighting over it. Arguing with it about. Negotiating for it, that gives it value. That's the trust factor.

You can move trust around in currencies. And that's why -- and I don't recommend trading currencies. I don't trade currencies. But if you will trade on the yin, you would say, all right. What is the outlook for China's economic conditioning?

GLENN: Right. So I'm not talking about trading currencies. I'm talking about the trading of currencies.

DAVE: Well, it's the same thing.

GLENN: The average person loses about 40 percent on their dollar. If you read Yellen. Yellen is talking about, this time it will be different because it will be an equitable exchange, when the new currency would be introduced.

Which scares the hell out of me.

DAVE: Sure. That's all socialism language. That's just BS. The thing that will happen --

GLENN: Wait. Wait.

When you say BS. You mean, it will not happen.

DAVE: She does not have the power she thinks she has. There's too many of us that really trust and believe in the free enterprise system. That really trust and believe in America for a couple of -- handful of socialists to actually run the dadgum thing. We're not going to tolerate it.

You think people would have stayed in their houses much longer off of Fauci? We were about done, boy? I mean, we were all about done, weren't we?

Were we about to come out of our houses with pitchforks and torches?

GLENN: I don't know. I live in Texas, so it was fine. I live in Texas, so it was fine here. But I think the rest of the country was.

DAVE: Yeah. If we go to back to work, and I was trying to kill my employees. So it was nutty. Just nutty. So the bottom line is, there are enough critical thinkers out there that are capitalist, that do believe in this.

That it's harder to take over the world than it sounds, in my opinion. I don't know. It's a fun discussion, because I love you. You have such a great brain. I love talking to you about this stuff. And, again, if we know it's a friendly territory, because we've got so much respect for each other over the years.

But so I think that I'm not going to write a book, that predicts a crash.

Because I've seen too many books written.

GLENN: Written. Sure.

DAVE: And I'm not predicting that on you, by the way. I'm just saying, I'm not going to change my investment strategy, dramatically, because I am fearful of the world as we know it, to quit operating.

GLENN: Well, I will tell you, that there's a lot of people out there, that having advice. That I think are morons.

I agree with your advice.

Because you are built around, get out of debt.

DAVE: Yeah. Sure.

GLENN: And there's nothing that you could do, that is better for preparedness, for any eventuality. Good or bad.

DAVE: And the funny thing, that works when you're prospering, and the economy is going bonkers good. And it works when there's really bad times. And these people in control are fascist and nutty.

It's hard to foreclose under my house, under current law, when I don't have a mortgage.

GLENN: Real quick.

I only have about a minute. Minute and a half. Your thoughts on inflation?

DAVE: There's two components to it right now.

The energy component is 100 percent on Biden's desk. He's completely screwed the pooch on this.

It's a supply/demand problem. He cut the faucet off, trying to be all greeny, and he drove gas prices through the roof.

He single-handedly did it. It's an administrative nightmare. There's another portion he had nothing to do with, but he's getting blamed for. And that was, we shut everything down, factories and everything for 90 days. Or 120 days. Or six months.

And we screwed up the supply. Then we screwed up the supply chain. Then there was an earthquake at sea, and when the tsunami hit, it was everybody came out and started buying stuff, and there wasn't any stuff to buy.

So the supply/demand curve drove prices through the roof. That wasn't his fault.

Then the third piece is the labor disruption.

Part of that is his fault, because he paid people to sit on their butts at home, when they should have gotten back to work.

If they had gotten back to work, we could have gotten the economy moving again in a proper way.

Instead, they're coming back. We're paying people $20 an hour at Target. Guess what, Target marks up the price of those goods on the shelf, to govern the $20 guy putting them on the shelf. So you're paying for his living wage.

GLENN: How much -- how much worse does it get?

DAVE: Yeah. I -- you know, I think it's going to smooth out pretty quick. The energy thing is the most disturbing. He could be controlled. He could fix it really quick. But he's not going to.

GLENN: Dave. I love you. Dave Ramsey. I mean, I disagree with you on almost all of this. The name of his book is Baby Steps.

DAVE: Agree with. What good say friend you agree with all the time?

GLENN: Baby Step Millionaires is the name of the book. It's a New York Times best-seller. As if that means anything anymore.

DAVE: No, it does not.

GLENN: Baby Steps Millionaires. If you've never listened to the show, you should. It's a great way to get your house in order. Dave, thank you very much. God bless.

DAVE: Love you, bro. Be good.

THE GLENN BECK PODCAST

Whitney Webb EXPOSES the Shocking Rise of the Surveillance State

Big Tech and the government are using AI not just to watch us... but to predict us. Glenn Beck and Whitney Webb expose how predictive analytics and Digital ID systems are turning surveillance into pre‑crime, threatening the very notion of freedom. Are we about to live in a world where an algorithm decides your guilt before you act?

Watch Glenn Beck's FULL Interview with Whitney Webb HERE

Media silent as Democrats’ shutdown drags on—What are they hiding?

Glenn and Stu discuss the ongoing government shutdown, noting the unusual lack of media coverage about people affected by it, which they attribute to Democrats being responsible this time rather than Republicans. They argue that mainstream media bias protects Democrats from political pressure, making the shutdown likely to last longer. The conversation shifts to broader economic concerns, including rising gold prices as a sign of global instability and speculation that major financial changes may be coming.

Transcript

Below is a rush transcript that may contain errors

GLENN: And, of course, the government shutdown, still continues to throw people out on the streets.

STU: It does.

GLENN: Well, I haven't seen any coverage on that.

STU: You know, I haven't seen any either. It's weird. How many of these have we been through, Glenn, over the years? An uncountable amount.

GLENN: And before they even start, they're at the food banks going, there's not enough food in the food bank. These people will be starving within, you know, two days.

STU: Yeah, if you happen to have a fetish for single moms, great way to find them: Watch the shutdown coverage. They'll always find new single moms in your area.

GLENN: Yeah.

STU: That are about to have their economies crushed because of his oncoming government shutdown, every single time, except this one. This one, I haven't met anyone yet.

GLENN: So true. So true.

I have. I listened to the New York Times last week.

STU: Okay.

GLENN: And they were talking about how much they love the military.

STU: Oh.

GLENN: And how --

STU: That's believable.

GLENN: And how they're concerned they are for all these military moms who are now struggling to make ends meet, even though the president paid the military and the -- the Republicans continue to keep presenting a bill that says, pay the military.

STU: Right.

GLENN: We can argue about everything else. You've got to keep national defense going, pay the military. And they won't do it.

STU: Democrats keep rejecting that one.
GLENN: Yes, over and over again.

STU: And that kind of leads me to my thesis here, Glenn, tell me if you think there's anything to it, which is the reason we haven't met any of the sob stories that we always meet during government shutdowns, is because this one, the, quote, unquote, Democrats are responsible for it. Normally, they blame the Republicans for it. This time, it's almost impossible to come up with a coherent argument to make that happen.

GLENN: Correct. So may I express this a different way?

STU: Sure.

GLENN: The mainstream media is just a propaganda organ for the Democratic Party.

STU: Oh, yes. Maybe that's it. Maybe that is it. Because I'm fascinated by that. I've always found that to be kind of silly. Right?

You can always find individual people who are going through a tough time, based on any policy, right know

GLENN: You close it for three days. It's not been -- isn't this the longest shutdown in history, I think?

STU: Not yet. No. But it is -- let's see if I --

GLENN: Since when. Since when. I've not seen one go this long.

STU: There's one in Trump's administration, that's gone 35 days I think. Which was the record. The longest record was 35 days. Kalshi has a market on this, to see. Which is interesting. Fifty-five percent chance it goes over 35 days.

GLENN: Oh, I think he could go through Christmas.

STU: Well, it's hard to -- you think Christmas?

GLENN: I mean, the Democrats are -- as long as the Democrats will not negotiate, I mean, the Republicans keep saying, okay. Look, we'll fund it. And let's just go, but we're not adding new stuff. And we're not cutting laws that were just passed. You know what I mean?

STU: Hmm.

GLENN: So we'll just fund this, and let's just continue to work it out. They won't even do that. It's like -- Friday, I think was the 12th vote they had held. And Democrats were just like, nope!

STU: And they were promising votes on their stupid health care requests.

Like they're trying to give things.

GLENN: Yeah. We'll give you the vote on health care.

STU: What will stop this, right?

The only thing that stops these things are perceived political consequences.

And so right now, what you have is a situation where in theory -- like, in theory, they can -- maybe the American people decide, it's the Republican's fault, it's Trump's fault. But Trump is not typically, like, a guy who folds to that type of pressure.

At times, he will give to his own side.
Like, you know, he said stuff like, well, take the guns first.

Then we will have the trials.

And then the Second Amendment people were like, no. It's not the right order there.

And to his credit, he listened to his constituents.

Sort of changed on that.

We've seen situations like that. Very rarely though, do you see, hey, the media is complaining a lot about Donald Trump. He will change what he is saying.

If anything, it makes him double or triple down.

GLENN: I think they wanted to have the No Kings.

Remember, they kept saying, "We will get to the No Kings. We will get to the No Kings," talking about the government shutdown on the No Kings thing.

That wasn't the point of the No Kings thing.

STU: Right. It wasn't being covered at all.

GLENN: The Democrats got no gain out of that.

STU: No. And that's the other side of this.

Which is, typically the way this might work, is Democrats start this over a policy concern. Like Republicans have done this.

They started a shutdown over a policy concern.

And at some point, when it doesn't seem like the policy concern will be resolved.

They start feeling pressure, that they are the ones holding the government closed. They start feeling the government pressure.

And they fold. That's usually what Republicans wind up doing in these situations.

The issue here is, number one. They're not getting any pressure from the media.

That's not being built at all.

There's no pressure from the Democrats to fold on this issue.

The only pressure that exists from the Democrats is to hold the line.

Because what they're getting is pressure from their left flank, saying, hey. You guys better not give in to Donald Trump.

So the length of this shutdown, seeming could be a very long, long period.

Because really, the only crack you're seeing right now are -- I will say, some on the right. Who are saying, actually, we should give a bunch of subsidies for Obamacare.

There are some on the right doing that. That is, I think, the only crack we've seen on either side so far.

GLENN: I would really like to see in this time, somebody in the Republican side, making the case about Obamacare and freeing up the medical system.

STU: Yeah. Right.

GLENN: Why -- why do they not have another plan?

This is the time. This is the time.

No, I shouldn't say that. Every day, since 2009, has been the time to have this plan.

STU: Yes.

GLENN: And they -- they just -- they never do it. They never do it.

STU: Bits and pieces of stuff. That's not what their desire is.

GLENN: I talked to Dr. Oz. I know --

STU: This is a very strange sentence. But go ahead.

GLENN: I know. I talked to Dr. Oz. And I know at HHS, they are working on plans to dismantle a lot of this stuff and put the free market back in charge. But they're doing it at the state level. I've got to have him back on. Because, I mean, nobody paid attention to this. I had an interview with him. Just, everybody paid attention to the other thing he was talking about -- oh, the -- the -- the jab. Why would we would -- you know, why we would partner with, what was it? Moderna, or who it was recently, for the drugs -- or, Pfizer for the, you know, drug discount. Everybody paid attention to that. In that same interview, he was talking about going to the states and tying their money, their government funding for Medicaid, and Medicare, tying that directly to ending this hostage situation, with, you know, no insurance over state lines. Once they allow the whole -- the whole country and insurance companies to offer plans over the whole country, the dynamics change entirely. The -- financial incentives. The payouts. Everything changes. And that's supposed to be happening in the next 30, 40 days. And we would see it in the next year. I would love to see them start to come up with new plans. Why do you have this face? Looking at me.

STU: No, I'm -- I'm listening to you.

But also, looking at just something I'm noticing, on -- on these markets for how long the shutdown will last.

GLENN: Yeah.

STU: So it has been -- like I'm looking at over 40 days, for example.

It has been a slow and steady rise. Like, at the beginning, it was a 10 percent chance it would go over 40 days. Slow and steady rise, all the way up to a 55 percent, 57 percent chance as of five hours ago. The last five hours, it's dropped from 57 to 38. Now, famously people -- there's a lot of people on these markets. A lot of people who know a lot about these things in these markets. We saw a -- a -- we have seen many things happen.

GLENN: Uh-huh.

STU: Like, who is going to play -- who is going to play -- who will win the Nobel Prize was one of them.

Person who was not barely listed at 1 percent suddenly in the last few hours, kind of shot up.

Somebody who knows something. Was in there, buying, buying, buying.

All of a sudden, multiple of these markets, more than 35 days has also dropped from 70 percent, as of five hours ago.

GLENN: I've not seen anything in the news, at all, so that's inside information.

STU: It could be. It could be. It could just be somebody guessing. That's a big bet to guess.

These markets have decent liquidity.

Kind of -- kind of interesting, Glenn. I don't know.

It could be absolutely nothing. This market has had over $13 million bet on it.

You know, how long these things go. To move them, sometimes could be a lot of money. Yes.

GLENN: That's a lot of money.

The other thing. What is gold? Is it still at 4325 today? It was this morning. I mean, that is --

STU: 4363.

GLENN: 4363.

STU: I mean, you want to talk about a chart that is consistent. I mean, it's consistent up movement from the beginning of 2024, till today, but really rocketship up in the last three months.

GLENN: This is the world saying, things are changing.

That's the -- that's the -- the thing you have to take from that, is the world is saying, the financial center will not hold, as far as the -- the way we have set up the entire world with America being the -- you know, the big mover and shaker.

You know, when -- when Biden went in and said, we will take all these assets from Russia. He violated that system.

We're no longer going to let them use the SWIFT movement. All of that began this unraveling. Something is happening. This is big money saying, something big is coming. And I want to be prepared for it.

And it's disturbing. You should keep your eye on gold. That is a disturbing sign of instability. I can't at this point go any further than that. And I hope that it slows down or stops or reverses itself.

We do not want 5,000 that are gold. You know, and there -- I mean, Goldman Sachs came out I think last week, 6,000. Was it six or 7,000-dollar gold? In the next year!

The HIDDEN DANGER of the "No Kings" movement

The “No Kings” movement has a major issue that can lead to America’s destruction: The protesters on the ground don’t realize what the movement actually wants. Glenn reviews the big questions that every American must ask before protesting and the secret to finding the truth…

Transcript

Below is a rush transcript that may contain errors

GLENN: Okay. Let me just -- I wish I would have thought on this on Friday, before the No Kings. Because but we're not done with these stupid things. Before anybody raises a sign. Before you chant a stupid slogan. Before you pledge allegiance toward a movement, or a political party.

I want you to stop. And I want you to ask yourself, one simple question. Why am I here?

We live in a time where outrage is easy, and thinking is really hard. We live in a time when it feels good to belong, and very dangerous to question. We live in a time where emotion is mistaken for morality. And that is exactly how free people become unfree, okay?

Not because tyranny kicks down the door one night, but because we handed the keys in the name of change. When we're not thinking!

So before you do anything, before you march, before you protest, before you make a sign, before you argue with somebody, pause. And think to yourself, "Why am I drawn to this?"

When you're watching things on X, "Why am I drawn to this? Is it anger? Is it fear? Is it guilt, or is it principle?"

When I want to stand up for something, I don't want to do it in anger, I don't want to do it in fear, I don't want to do it in guilt. I want to do it in principle. And having a principle means you have a deeply held belief, that this cause reflects truth and justice.

Now, be careful. Be really careful. Because you may have been convinced that you're right, because of what you're against. But what is right and what you're against are not the same thing. For instance, right now, with conservatives, I guess it's becoming more and more popular to be against Israel. Okay. That's fine. You don't have to agree with Israel. I don't ask you to agree with Israel. I don't want to fight their fights. I don't agree with their policies on everything. They're not the United States of America. They're their own country. So I disagree with them, just like I disagree with Britain, sometimes.

Okay? I don't really care. But being against Israel does not mean the same as being for Hamas. You've joined something the different. That means, you have allowed your passions and your feelings to rule over you. That's why it -- that's why everybody wants to make something -- you know, a,that's why our Declaration of Independence and does our country has lasted 250 years. It's the only revolutionary document that's ever lasted. And only one. Only one in world history, that ended with the same people that started the revolution.

The only one!

Why?

Because it didn't start with anger. It started with principles. We hold these things to be self-evident. We don't want to be against something.

Being against Trump, you can be against Trump!

But that doesn't mean you're for Antifa. Being for justice doesn't mean you're anti-ICE. Unless your passions have overcome your logic.

So the first thing you have to do. Why am I here?

And if I strip away the crowd. The pressure. The popularity. Would I be standing here? If no one ever knew that I joined. If there were no such things as likes. No cameras. No praise. In fact, if everyone I knew and admired were against this, would I still believe it, and do it?

If the answer is no to that, then you're not following conviction. You're following a crowd.

You have to be convicted, that even if I stand alone, I'm willing to do it.

So what does this movement stand for?

Am I willing to stand all by myself? Do you know? How many interviews this weekend did you hear, "I don't know?"

And they always say the same thing, "I don't want to talk to you." Why?

Because they can't answer the question. They don't have any idea what this is about! Other than the bumper sticker or the press release, do you know what the real agenda is? What is the goal?

Who is behind it?

What methods are they willing to use to get there? Do the ends justify the means?

Now, this is really important. Because people are starting to believe, yeah. I can kill people.

That's what -- honestly, Virginia, you may not look at it this way. But this is the way I look at it at the Virginian elections. Virginia, have you decided that the ends justify the means. Then it doesn't matter if people say, I can kill their children to change their political point of view. The ends justify the means.

Okay? If the ends justify the means, you have to ask yourself this question: What principles or freedoms have to be or are okay to sacrifice for that end?

Because once you start sacrificing those things like saying it's okay to kill children for political purposes, you become Hamas in the end.

History has a real warning for us. Every single authoritarian movement. Left or right, it doesn't matter. All of them promised liberation. Every single one.

They promised equity, justice, safety.

And they delivered control, science, and fear. If the message of a movement -- if the -- if the methods of the movement betray its message, if it has to sensor or coerce, if liberties have to be violated, then it's not liberation. It's manipulation.

If they have to manipulate people and cut corners, coerce, sensor, or betray liberties to get there, they will not stop doing it.

Next question you have to ask: Does this movement make people more free or more dependent?

Freedom is not just the absence of chains.

Okay?

This was the big thing -- this was the big went -- that Booker T. Washington was all about.

You can be free, but not know how to be free unless you're educated. Unless you're willing to stand on your own. Here's a slave that pulled himself out.

Divide all of the odds. Became one of the greatest black Americans in American history.

And he was talking about being more independent. Not dependent. That's what freedom is.

It's not the absence of chains. It is the presence of responsibility.

So if you think that freedom means, I don't have responsibility, I don't have to do anything, you will be under the chains of somebody else.

Because that means somebody else has to do those things. Has to feed you. And so they will require you to do things, because they're feeding you.

Ask, does this movement actually promote policies that trust have I seen to make decisions for themselves? Or do the people leading this, believe they know better than everyone else?

Will it hand more people power, to bureaucrats, and experts, and elites.

Does it always defend free speech? Especially for those who disagree. Or does it silence them in the name of progress?

Does it expand choice, or does it force compliance?

The only choice -- only choice you could say is the one that the right says, and I believe is not a choice. To kill another human being.

I don't believe that's a choice, if you're a doctor. And you want to give somebody medication, to end their life. I don't believe it's a choice for you, you can kill yourself if you want.

But I'm not going to help you do it.

And I don't think it's a choice to kill a baby.

It's not! It's not a choice. That's the only choice, that -- that they always point to. My body, my choice.

Well, but if it's your body, how come you're forcing everyone to take a vaccine, that not everybody wants?

That has to be consistent. If it's not consistent, then you are living a lie. You are picking and choosing the choices you want.

You don't actually believe in choice.

If it makes people less capable, of living without the state.

It's not freedom.

It's dependency dressed up as compassion.

If I want others to be free, what does that require of me?

We love talking about freedom in this country. We love it. As if it's something that politicians can hand out.

You know, vote for me. More freedom. What?

It's not!

Freedom is not sustained by our laws. Freedom is sustained by our character. This is what this means. It means, you have to defend the right of people that you despise. Not just those who you like and agree with. You must stand for the rights of people you despise!

You must stand for the rights of people to say horrible things, that you despise! Otherwise, you don't actually believe in freedom and freedom of speech!

See, freedom requires you to do the hard work. And the hard work that nobody is doing.

Understanding issues deeply. Reading the original sources. Not the headlines. Not the clippings.

Not the tweets!

Anybody who gets their news off of Twitter and Facebook, you are less educated and less informed than the people who read nothing at all!

You have to do the hard work. And you have to do the hard work of mastering yourself. Your impulse. Your ignorance. Your anger. So you don't become the thing you're fighting against.

Has anybody noticed, that when you're watching these carouse. The biggest thing is hypocrisy.

You're like, are you kidding me?

You're saying these things. Do you not know that you are the thing that you're fighting against?

And freedom requires courage. To stand alone. It requires virtue. It requires humility. And it requires the truth. But how do I know what's true?

GLENN: So this is the hardest part of all, I think. And that is, how do I find what is true? How do I know what is true?

Truth doesn't come prepackaged as a slogan.
Truth is not usually found in a trending hashtag. Truth requires years and years and years of work. Most importantly, it requires humility.

If you're searching for truth, you must be willing to change your belief or your behavior when you find it. If not, you're not actually searching for truth.

Okay? Ask yourself. Am I willing to challenge my own belief?

Am I willing to end up at a place where I don't believe any of that stuff. I thought I believed it.

But I don't. It's shocking to me.

But I don't. If you're not willing to go there. Then you're not seeking truth.

You know, are you seeking voices you disagree with.

Or just people that are echoing what you believe.

Who benefits if I believe this?

Who benefits?

Who profits? Who gains power?

Truth has nothing to fear from questions. All kinds of -- you don't ever have to fear. Truth doesn't care.

Okay? Lies have a lot to fear.

So here's a test you should run, before you commit to picking up or making any sign.

This is something you should commit to, before you go to Thanksgiving.

If your side achieved everything they wanted, every law, every reform, every revolution. Would ordinary people become more self-governing and more responsible and more free, or more managed, more dependent, and more controlled?

If the answer is the latter, do not join them, no matter how righteous they may sound. Do not join them. No matter how noble their intentions, do not join them.

Because tyranny wrapped in good intentions still is tyranny. We're standing on a knife's edge as a nation. I mean, have you seen the price of gold today? What is it? Forty-three --

STU: Over 4300, yeah.

GLENN: $4,300. Does that mean anything to you?

If it doesn't, you should check it out. It does. It does.

It's going to mean something to you, in the end. It means the rest of the world is saying, "I'm not sure about this whole system, that it's going to last." That should change everything that you think.

It should change the way you say, "Well, okay. I used to like this program. But I'm not sure we could afford this program anymore."

You know, I used to vote for this person, but that person will not stop the spending. I want my kids to be able to have freedom. I -- I may not like everything about America. But I think America is the best system out there. I don't want it -- you know, I -- what is it?

Singapore, or something. One of the really -- I think it was Afghanistan. Saw some numbers this weekend. Afghanistan has arrested lining 2000 people for, you know, speech problems.

In the last year. 2000 people have gone to jail. For something they posted or something they said.

Twelve thousand people have gone to jail in Great Britain this year for the same thing. Twelve thousand people have gone to jail for free speech.
One of them is a kid who said, "I love bacon!"

We're on this knife's edge. And the difference between liberty and bondage is going to come down to whether ordinary people start asking better questions. Before you march, before you say anything, are you thinking? Before you join, have you learned? Have you spent the time to ask any questions? Before you speak, do you understand what you're actually saying?

Before you follow, make sure you're walking towards freedom, not away with it. And check the people you're following.

Is this a group of people, that 25 years ago, you would have been comfortable with?

And I mean that saying, you know, I don't think any of us were fine with walking with communists.

I don't think we were fine walking with anarchists.

None of us were.

So they're not walking towards freedom. They're walking away from freedom.

Why are you walking with them?

History is really clear. Nations don't lose their liberty all at once. They lose it one unasked question at a time.

Is THIS why Trump sent CIA and B-52 bombers to Venezuela?!

President Trump is cracking down even harder on Venezuelan cartels. He has bombed boats carrying drugs, flown B-52 bombers off Venezuela's coast, and just recently authorized covert CIA operations in Venezuela. So, why so much focus on Venezuela? Glenn and Stu discuss their theories, including Maduro's mysterious island with connections to Iran and Hezbollah...

Transcript

Below is a rush transcript that may contain errors

GLENN: How do you feel about this kind of flying under the radar. We have B2 bombers flying over Venezuela. We're blowing boats out of the water.

STU: You know, how under the radar is it when we're blowing up boats in the international waters?

GLENN: Well, it's not under the radar. It's like, nobody is really talking about it.

STU: It doesn't seem like the highest priority, I will say.

And usually, when we're in the middle of what seems to be a conflict. By the way, the only way we would be able to do this, legally. Is by basically saying, we are in some sort of conflict with them. Right?

Like, we have to -- Andy McCarthy had a long write up about this, a read about a couple weeks ago. When it comes down to justifying a strike like this. We have to be able to sort of say, we're in some sort of conflict. You don't just do that typically. Now, the question, of course, the --

GLENN: The War on Drugs.

STU: Right. He broke it down. It might be worth explaining this at some point.

GLENN: War on terror. Yeah, yeah.

STU: But he's concerned about what's the process to get to the decision. Not, of course, whether we want drug dealers here. Nobody wants that. But there is a legal process that has to happen. And at his seem like it also has to escalate beyond just the cartel situation. Remember too, Trump's first term.

GLENN: Tried to get Maduro out.

STU: Very clearly. The Peace Prize winner, right? Someone from Venezuela, who dedicated to Donald Trump, knowing that Trump has fought really hard for the people of Venezuela, whether you agree with what he's doing or not. He does really care about the situation.

GLENN: He also knows something.

And, you know, I'm -- I'm -- I'm not surprised, the press isn't talking about Margarita Island, but I think that's one of the main reasons why he's --

STU: You're talking about Margaritaville?

GLENN: No Margarita Island. It's just off the coast of Venezuela. It's run by Maduro.

STU: Jimmy Buffett.

GLENN: No. Jimmy Buffett has nothing to do with it. Not involved at all. The Iranians have a lot to do with it. It's a Hezbollah-Hamas training island. And Maduro has been sending Venezuelans and gangs to that island, just off that coast, to train for terrorist activities.

They train there, and then they fly over to Iran, to finish their training. They come back to Venezuela, and then they're unleashed, wherever Maduro wants them unleashed.

So there is actually a terrorist camp that is part of this. And we have been talking about it, you know, on my show. Television. I don't even know.

Five years. Six years. We found this out. And kind of been wondering, why are we not going after this?

Why -- why are we not at least talking about this terror island?

You're looking it up right now, aren't you?

STU: Yeah. Looking at it, just how, first of all, very close to the coast. But you look at the islands that are around it are massive vacation destinations, like Aruba.

GLENN: That's not.

STU: What is that?

GLENN: Margaret Island is not a vacation destination.

STU: No, that's what I'm saying. It's fascinating. Like, you book a trip to Barbados, and you're, what? A couple hundred miles away from a terrorist island.

GLENN: A terrorist island. Yeah. Did you even know that?

STU: I didn't.

GLENN: That's Hamas, Hezbollah, and Iran --

STU: Hmm.

GLENN: -- in bed with Maduro.

And I'm convinced that this is one of the main things that he's going for. I mean, yes. He is -- I mean, this is Tren de Aragua. Or whatever the hell that thing is. That -- that's part of this.

The unleashing of the prisons. That's also part of this. I mean, this is Maduro trying to unleash along with the Iranians, unleash chaos on our streets.

And I don't know why we don't talk about it. Because I think that's a better case, that's a cigar boat that has drugs in it.

You know.

STU: Yeah. I mean, that seems like it. How -- what's your feeling on the drug boat thing?

Have you spent a lot of time thinking this one out?

And isn't it interesting --

GLENN: I know as an American, I should. I haven't.

STU: It's kind of -- well, it's sort of --

GLENN: That's what I mean flying under the radar.

STU: It's sort of commentary of what you're just saying. It has flown under the radar for a lot of people. Mainly because I think we all recognize there's a real problem with obviously, not just illegal immigration. We always summarize it as illegal immigration. These are people oftentimes that are criminals, drug dealers. Gang members that are coming across the border and committing --

GLENN: Terrorists. Terrorists.

STU: Yeah. It's not just the mom who is trying to get a job here, that's better for her children. That's a separate economic issue associated with that.

But when you talk about drugs coming in. First of all, this is something Trump has been very clear about. Does not want this going on.

And I think we all -- the ends are there. For sure.

The means, I guess are the question. And, you know, what's interesting about this is, you feel like, it's all about a message being sent.

Right?

There's no reason why in theory, we could be the not just stopped these vessels. You know what I mean?

We could pull. We could get the Coast Guard over there. We could get the Navy.

There's all sorts of different things we could do to stop these boats. We're blowing it up, and telling everybody about it, for a reason. And I think quite clearly, this has caused a maritime decrease in traffic, if you will.

From Venezuela. To here.

GLENN: Oh, yeah.

STU: This is seemingly working quite well.

The question is, process-wise, is it aligning with what we should be doing?

GLENN: Here's my guess.

Because you know how much Trump hates war. He hates war.

He'll use military force.

But he likes to use quick force. And getting things done.

And he likes overwhelming torso.

STU: And public.

GLENN: Yeah. He likes -- he's sending a message. Not just to Venezuela. He's sending it to the whole world.

And after this last week, where he has walked around like the victor of the world. And all of the other nations coming to him. And bowing knee. And going, okay.

Yeah. Thank you. We're good. We're good.

He is sending a message to three countries, I think.

He's sending a message to Iran. Which is tied right directly to Russia.

And also Venezuela. Which is also tied to China! And Iran.

STU: Hmm.

GLENN: And I think -- I think he's -- I think he wants this week, especially to be a week that Maduro goes, "You know, things might be changing. I don't know if this is the right" -- and I think he's just using very strong images and power.

STU: Hmm.

GLENN: He's using it the right way, to say, back off, buddy. Don't do it right now.

And also, I don't like this. Sending the CIA in.

I just don't trust the CIA in anything anymore.

STU: That's a new development, as of the last 24 hours, that we found out about it. Can you explain that? What are we doing there?

GLENN: Don't really know. Don't really know. Trying to go after the drug lords is what we're saying, but this is also what we kind of do with regime change, you know.

STU: And we've attempted literal regime change with this country. And we've not --

GLENN: Correct. He's a bad guy.

STU: Oh, yeah.

GLENN: He is part of -- he is a drug lord. Maduro was this bus driver. He's now the head of the drug crime syndicate called the sun or something like that. So he's actually a drug lord himself now. So he's not the sweet little bus driver he used to be.

STU: Moving on up.

GLENN: Moving on up. And making friends with all of the wrong people. At least on our hemisphere.

STU: I will say this. If you were a Venezuelan citizen, would you take a boat outside of your territorial waters for --

GLENN: I wouldn't put a boat in my bathtub.

STU: Yeah. They -- they -- they really need to come up with a new way to get their drugstores here.

I think that's probably been a big focus of these networks now.

Because it's difficult to do by land.

GLENN: This is -- this is kind of what I expected him to do in Mexico.

And that's -- that might be another thing.

If he's -- if he's going after the drug lords. If you start to see these trucking lords just show up dead. He's sending that message to Mexico. You know, I'll do it. I'll do it.

You're not safe wherever you are. And it might have been easier for him to do it in Venezuela. Or so he thinks. Than in Mexico.

And so he's sending that message. Because the drug lords in Mexico are sending big messages to him.

STU: Yeah. I mean, they're putting bounties on ICE members.

GLENN: Oh, yeah. Up to $50,000. Yeah. You kill a certain rank of ICE or politician. And they'll give you 50 grand.

I mean, this is the wild west. When it comes to these -- these drug runners and these cartels. It's become the Wild West. And I think that -- I think that play plays a role.