RADIOJuly 10, 2024

Who Doomed the Petrodollar: America or Saudi Arabia?

There has been a lot of confusion lately about Saudi Arabia allegedly ending a 50-year-deal with the United States. The "deal" tied oil sales to the US dollar. But many have claimed that the deal never actually existed. So, what's really going on here and should Americans be worried? Financial expert Carol Roth joins Glenn to break it all down, including why she believes the United States and our Federal Reserve are really to blame for the petrodollar's destruction. Plus, Carol explains why the Biden administration can insist the economy has never been better, although our wallets can tell the opposite is true.

Transcript

Below is a rush transcript that may contain errors

GLENN: Before we get to Carol, I want to give you some highlights from this Blaze media. And TheBlaze.com story.

Biden's phony numbers mask true economic pain. The official government numbers in the US economy have been contradictory and confusing for quite a while now.

What is clear upon closer examination, is that the federal government's overspending and overregulation are doing serious damage to the economy.

And we have yet to see the worst results of those policies.

The unemployment increase, seems to contradict recent signs that the economy has been weakening. In addition to the conflicting rise in unemployment. Other signs of deterioration. Include stagnant retail sales.

A slowing of consumer spending. Weak industrial product. Manufacturing orders. Increasing consumer debt.

Depressed by new housing starts. Falling annual earnings of full-time employees. And rising commodity prices. The Federal Reserve chairman, Jerome Powell, knitted, he believes the White House has been cooking the books.

This is the fed chair. Stating last week, you have payroll jobs, still coming in strong.

Even though, there's an argument, they may be a bit overstated. The only job growth, in the US, is for illegal aliens. Listen to that.

The only job growth in the US, are for those illegal aliens, who will work for below minimum wage. Which also explains why inflation hasn't spiked in the past year, as millions of illegal aliens were hired.

Legally resident American workers saw no job increase in the past year. And unlawful residents, willing to accept wages Americans can't are dragging everything down in the wage category.

With employment continues for American workers stagnant at best, the job market is another indicator that the economic growth is slowing, and the Federal Reserve should lower interest rates to reduce its suppression of economic activity.

However, they decided not to. Because it will -- it will spike inflation again.

The markets have already priced three expected interest rate reductions for the year.

However, suggesting a correction is in order.

Even so, the stock market stayed steady after the fed's interest rate announcement with the Dow falling slightly.

And the S&P 500 and NASDAQ, rising to new record highs.

Economist Robert Genetski. Genetski, calculates that the S&P 500 is currently overvalued by 34 percent.

If investors decide the market is near peak and start selling, taking their profits before prices, fall. There is more trouble.

This overspending continues from the federal government, as well.

In the first eight months of the current fiscal year, the current government has already accumulated more than $1.2 trillion, in additional debt.

With a staggering deficit of $348 billion last month alone.

Investors were reportedly believed the US economy is about to enjoy a significant expansion, because of AI.

That's boosting the stock markets. The shares in tech companies. Chip makers. And even utilities.

The government's stimulus injection may be waning, and the Fed's interest rate hikes are starting to bite, as indicated by the slowing housing and manufacturing production.

Higher interest rates hinder business from investing in production and consumers from spending on goods.

That support those businesses. Additionally, the Biden administration has implemented a regulatory program, that will directly cost the economy 3.95 trillion dollars in 2025.

And indirectly result in a staggering 75.05 trillion, in opportunity costs, for 2025, alone.

That might take a bite, no matter what AI is going to do.

Carol Roth is here with us.

Carol. Are we beginning to see all of the signs of the wheels coming off of this thing?

CAROL: I think we've been seeing the signs of the wheels coming off of this thing for quite some time.

And they're sort of hanging on by a thread.

Now, certainly, a lot of the numbers that are put forth. Are meant to window dress, and say, oh, no.

The wheels are still turning. And they're doing just fine. And they will last for a while.

We have seen cracks, and when you peel back the onion. And you look at things like the deficit to GDP, which are about two times the historic average at a time when they're telling us, there's an expansion. We know there's something wrong.

Because normally, when you have an expanding economy, that means you're taking in more revenue at the government level. And that means you're running less of a deficit because you have more money input.

What's happening now is the Biden administration has flipped that on their head. And they're using deficits to window dress the appearance, that we have growth.

And we're seeing that start to crack. Because even that, you know, window dressed growth is starting to come down.

We saw the first quarter GDP come in, almost a percentage point lower than expectations.

A first reading. The second reading was even lower.

So now, as of the second reading. We're at 1.3 percent. For the first quarter. And we're expecting a third reading.

And things keep getting revised and revised.

So all of the, you know, appearances that they're putting forth. And to make it seem like everything is looking great.

We've seen those cracks. And they're just becoming larger and larger.

GLENN: So do you think that there's any way possible, that anything, excuse the pun here, Trumps the economy.

I mean, they always say in elections.

You know, it's the economy, stupid.

And no matter how you window dress this.

Everyone knows, I don't have as much money, or my money doesn't go as far as it used to. And I'm having a hard time keeping up.

At almost every level, this is happening.

VOICE: So this is an interesting question.

There was a Monmouth poll, that came out yesterday.

That showed, far and away.

That the economy was the biggest issue.

You know, number one issue on people's minds.

But there's a disconnect by party. And obviously, when you have the -- the Republican side, and I would think to some extent. The independents as well.

There's more of a connection with the -- with the fiscal reality that's going on. And it becomes, you know, we believe so afford literally four more years of that.

There's a disconnect from the Democrats who don't believe in mass and reality anyway.

And so even though, they may be hurting, personally. They're going to make excuses. And say that it's for, you know, any sort of litany of other reasons. And it doesn't have anything to do with these specific policies, that we know have driven these outcomes.

You know, there's weather it's things like the American rescue plan. And they direct stimulus. That's literally called stimulus.

That overstimulated the economy. And caused inflation.

They're going to tell you, oh, no. Look, inflation has come down. Even though, they're still going to the same grocery stores, the same gas stations. Having to pay the same rent. And they're believing and buying into the gaslighting.

So that's my concern.

Is when you have so many people who are decoupled from reality. And can fed the propaganda that's gaslighting. And they're willing to -- basically, you know, they're cults. That that is not going to show up in the polls. The way that it should. If we were operating, you know, with some sort of normal baseline.

GLENN: Carol, I'm going to take a quick break, early here.

Because I don't want to interrupt you on this petrodollar thing.

Because I have seen stories that say, this is true.

Stories that say it wasn't true. I don't think there ever was a -- there wasn't a concrete deal. It was more of a handshake with Saudi Arabia. With the petrodollar. Wasn't it?

Or did we have a written deal?

CAROL: That's right. So I was surprised when I saw this as well. You know, I wrote about this in You'll Own Nothing. We have a whole chapter on it.

And there was a deal put in place. But never once did I come across anything that said, we have a specific expiration. But we know deals that, you know, are made. Can be shifted and changed at any point in time.

And I think that's the point we want to talk about.

GLENN: Correct.

Okay. So we'll do that next.

Because the petrodollar. If the world goes off the petrodollar.

That is -- that is the beginning of the end of the dollar.

It's just a matter of time. And what are people replacing? It with?

And so far, central banks are not replacing it with any currency at all.

We'll talk about it here, in just a second.

Okay.

So, Carol, explain why the petrodollar is so important.

VOICE: All right. So there's this story that was going around last week. That the Saudis had ended this agreement, that had been put in place in the '70s.

So what happened was that when the US went off the gold standard, they were very concerned over what was going to happen. So they created this secret delegation, that went to Saudi Arabia.

As part of a diplomatic chore. And there was a lot of chaos going on at that time. Not only did we go off the gold standard.

There was an oil embargo put in place by the Arab oil exporters. That set the price of oil sky-high.

So the big objective, was basically, they -- the US didn't want crude oil.

You know, energy. Which is obviously really what fueled growth around the world, to become an economic weapon.

And they knew they knew, okay. Well, now we're off the gold standard.

We had the currency. Wouldn't it be great to have somebody to finance their deficits?

So what they did, is they went to the Saudis. And they said, well, look, you come. You take -- you're going to agree to basically price oil in dollars.

And that's -- around the world, oil is going to be priced in dollars. And you will have all this excess money.

We want you to plow that back into US treasuries. Everything that you get in. We want to you plow that back into treasuries?

Why did they want that? Because that obviously helped the US finance their deficits at a very cheap rate.

He said with be okay. We'll do that. What we want in return, basically some economic and military support. And so they made this -- this deal. That was brokered.

The interesting part is there was a secret piece of it, and that was that the Saudis did not want everyone to know, that they had this huge Treasury stockpile. So for more than four --

GLENN: Why?

Wait. Wait. Wait.

Why didn't they?

CAROL: Because they must want everyone to know that this was sort of the underpinnings of the deals of how closely they were in bed, with the US.

GLENN: Okay. With the US. Okay.

CAROL: And that this is what they did. So this was actually uncovered by a Bloomberg report.

So for 41 years, what the US Treasury did when they broke out what central banks held the US Treasury, and you can go see if China holds this. Japan holds this.

They lumped Saudi Arabia in with 14 other nations. So basically, you could see, oh. We cut this special deal, and now it looks like now, that there's all this wonderful demand for treasuries around the world.

And it was kind of unclear that there was this alliance going on.

So what does that do? It creates a massive demand for the Treasury, because not only are the Saudis in there as huge buyers, but when you have -- you know, sort of a de facto basis. The oil price in US dollars. Then every other central bank will also want to make sure that they have a stockpile of a dollar equivalent security. That if they need dollars, they can cash in.

Of course, as opposed to holding actual dollars. When you hold the Treasury you do get some income. Or you get an interest rate. So basically, this has created huge demand for Treasuries. It means that the interest was artificially suppressed by that demand. And that the US government was able to finance their deficits.

It also meant that trade around the world, was done, you know, US dollars. So not only are these central banks, holding them in the reserves. There's all this trade that's happening in US dollars.

So this actually worked out for quite some time.

The Fed holding basically the world's reserve currency. And managing it. They held the US dollar fairly stable. When you saw the price of gas go up. That they would loosen monetary policy.

And when it was too low. They would tighten it, that they would stay in some sort of a range. Sometimes that was at odds with what was going on domestically.

But as the holder of the world's reserve currency, that was their job.

GLENN: Hang on just a second. Stop for just a second.

I just want to make the point: This is right now, where we're about to see the change, and it's not happening now. It's already happened.

We -- when we got off the gold standard. We promised the world, we will never put ourselves, you know, absolutely first. And go off, and do crazy spending.

And, you know, just break everything for America.

And that's why, it was at odds, sometimes. The fed's policies.

Were at odds.

With the United States policy.

Or -- or -- wants and needs.

Because they had to balance it for the world.

And then what happened, Carol?

CAROL: Yes. So for the economic wonks out there, that's called the Triffin dilemma. You sometimes have to make these tradeoffs between what happens domestically and what happens internationally.

What happened, if we come back to today, is that the Fed has managed to hold the dollar, not stable.

Either for the world, or domestically. So it's not like they even made the tradeoff.

They just abandoned it altogether. But going back to 2005, they decided when the price of oil shot up due to China's increase in demand.

Hurricane Katrina, a whole bunch of things. That they just weren't going to play this game anymore, and that's when things started to crack.

Then we had the Great Recession financial crisis, and so on and so forth.

And the US government continuing to run these huge deficits.

And just, you know, creating a really challenging situation, economically.

So the big issue, if you are these countries around the world. That now have everything priced in dollars.

All your major commodities.

It's not just oil.

It's then extending into food.

Everybody is trading into dollars.

When you have these huge swings in the dollar, that means, that threatens as a nation.

Because now you may not be able to afford energy.

Or you may not be able to afford your food for your country.

That's a national security issue.

GLENN: Forty seconds.

CAROL: Countries are getting sick of that. We weaponize the US dollar. And at the end of the day, they're starting to move away from it. Which threatens our ability to have cheap financing and our standard of living.

GLENN: And so the Saudis did not break a deal.

We've broken the deal long ago.

And they're just all doing what would normally be done. It's no longer good for me.

It's got to be good for both of us.

And so they didn't stop the deal. They're just naturally moving away.

And it's -- the money is going to gold, not other currencies at this point. Correct?

CAROL: Correct. You got it. You nailed it.

Digital ID & Religious Persecution: New Globalist Plans to ENSLAVE You | Glenn TV | Ep 459

We’re at a crossroads — freedom or total control. We see it in the U.K., where people are thrown in jail for waving their flag or sharing a meme. Prime Minister Keir Starmer’s push for digital IDs is just the latest piece of a control-freak puzzle that’s been coming together for years, with nudges from the U.N. and World Economic Forum. Award-winning journalist Alex Newman tells Glenn Beck that the survival of freedom depends on stopping this agenda before it's too late. But it’s not just the Brits who are slaves to global elites — Glenn Beck points out how governments worldwide are racing toward totalitarianism. He shares a jaw-dropping story from South Korea, where Reverend Son of Segero Church in Busan was arrested for calling out policies he saw as anti-biblical. His son Chance tells Glenn that just days before he was assassinated, Charlie Kirk promised to make Rev. Son’s stance against the South Korean regime an international human rights issue. Chance calls on Americans to pick up Charlie’s torch and remind the world what liberty looks like.

Eric Trump UNLEASHES on Democrats crying about "weaponization of justice"

Democrats are crying about “weaponization of justice” when it comes to the indictment of former FBI Director James Comey. But they cheered on the lawfare attacks against the Trump family. President Trump’s son Eric Trump joins Glenn Beck to call out the hypocrisy. Plus, he details the true extent of the persecution his family faced, which he wrote down in his new book, “Under Siege: My Family’s Fight to Save Our Nation.”

Transcript

Below is a rush transcript that may contain errors

GLENN: Hello, Eric, how are you?

ERIC: Glenn, it's great to be on.

GLENN: It great to have you. Great to have you.

Your book. What your family has gone through is just the radically souped up version of what I think a lot of people feel they have gone through in their life.

But, man, they have -- they have tried to kill you guys. They have tried to put you in jail. They tried to destroy you every single step of the way.

Tell me about the motivation for putting that all down on paper.

ERIC: Yeah. Glenn, I think that's right. It went on number one, almost instantly, Under Siege. And it's been incredible. But I came up with -- you're right.

I was a guy who didn't have any constitutional protections. I was in the government. So guess who they came after?

They came after me. I was the most subpoenaed person in American history, all because I ran the Trump organization, which was effectively what my father spent his entire life doing. And they wanted to see us taken town. They wanted to see us destroyed.

I mean, look what they did. Right? Between two impeachments. They raided our home. They silenced us. They gag ordered us. There's more gag orders than I possibly could count. They took us off of Twitter. They took us off of Facebook. They took us off of Instagram.

You know, they made up the phony dossier that was paid for by Hillary Clinton. They made up Russia gate. Glenn, I was the guy getting the calls from the FBI saying, you know, Eric, I hear you have secret servers communicating with the Kremlin in the basement of Trump Tower. I mean, give me. Give me a break. They tried to take out our Supreme Court justices. I mean, they did everything.

They weaponized the media. They weaponized the DOJ. They weaponized the FBI. They charged my father 91 times. Ninety-one criminal counts. They fined the Trump organization almost $600 million can for not doing a damn thing wrong.

And all of this stuff has been overturned. They wanted to see us nonexistent.

They wanted to see our family broken. They wanted to see my father in jail. They probably wanted to see me in jail. Then I said on Sean Hannity one night. You know, they've done all of this to us. They put us under siege. I wouldn't be surprised if they tried to kill my father.

And then you saw what happened in Butler. And then you saw what happened eight weeks later, you know, in West Palm. You saw what just happened to Charlie. I mean, I published his book. Literally, three days before Charlie Kirk's assassination.

I mean, you want to talk about another time they tried to put our movement under siege. They've done it to you. They've done it to every one of your listeners. They've debanked us and deplatformed us.

And the story had to be told from a first-person perspective, who effectively dealt with all of it. And the greatest part of the whole story is we won. We won, and we're saving the country right now.

GLENN: So, Eric, how do you deal -- I just had a conversation with somebody I think is really, really smart.

Doesn't agree with me politically, but very well-educated, very smart, and a reasonable person.

And he immediately brought up the weaponization of our government with the DOJ and James Comey. And I said, I'm sorry.

I'm sorry. Blood is shooting out of my eyes right now. Hang on, the weaponization of our government with the DOJ and James Comey?

And I had to explain to him, that your Dad didn't say, you're fired if you don't go get him. Your father said, make a decision. Make a decision.

You don't let the statute of limitations go out. And it went through a grand jury process, two out of the three charges were valid. And so you prosecute.

That's different than what you guys. Can you compare James Comey and what's happening there, to what was done with you guys?

ERIC: Well, I'll give you a little inside baseball. So I was the guy that got called when they were raiding Mar-a-Lago. Right? Obviously, I run all of our commercial properties, and our entire portfolio. Everything in the Trump organization. So I get a call from one of my team members. The FBI is here with the search warrant. And I go, excuse me?

We have the greatest relationship with all law enforcement, where we love law enforcement. No, they're coming in. They have a search warrant to raid Mar-a-Lago right now. And I said, you must be kidding me. Why?

Well, they're saying the national archives asked the FBI to raid Mar-a-Lago. You mean -- buy a public library. You know, you have 30 FBI agents there with machine guys because of Norah, you know, asked for a raid?

I went on Fox News that night. I think it was Jesse Waters, I went on Fox News that night. And, give me a break. Like, I wasn't born yesterday. You don't raid Mar-a-Lago, the former president's home and very likely the future president.

Again, because my father was so great. You don't raid that home, based on the national archives. Like you better believe Biden was behind it. And sure enough, 18 months later, it comes out, that Biden was behind it.

And Merrick Garland was 100 percent behind it. And they were the ones that authorized it. The weaponization is unlike anything I had ever seen. Glenn, we were a family that never got as much as a speeding ticket ever in our lives, and we lived a pretty fast life in terms of business and life.

Until my father decided that he was looking to run again in 2024. In which case, they indicted him 34 times for $130,000 that he didn't even make.
I mean, people -- people who are sitting in the courtrooms, couldn't even possibly believe it.

Again, we had every single one of them overturned. When I hear them talking about James Comey. Clearly. It very much looked like it -- to Ted Cruz. And that congressional hearing. That testimony that day.

I mean, give me a break. These guys. I probably spent $400 million, defending ourselves from hoaxes. I mean, the Russia hoax, we had disproved to the FBI.

We didn't have secret servers. There are no servers in the basement of Trump Tower. Because the basement was flooded. You don't put -- like, Computer's 101, you don't put servers in basements. Right?

You know, we didn't know anybody in Russia. They knew this. And they let this sham get perpetrated for three years so that one greedy woman could possibly get, you know, two more bills.

And then when she lost to him in embarrassing fashion, to people who didn't know where the damn delegate was. I.e. our family. Because we had never been in politics before. You know, they needed some way to justify her embarrassing performance.

GLENN: They took your father off the ballot in Maine. They tried to take him off in Colorado. That to me is the weaponization of the political system. By going after you guys for the servers, by changing documents, literally, the FBI changing documents to go after people in your organization, on the -- the Russiagate stuff. Changing the documents for a FISA court.

That's true weaponization. Is there a chance that the Comey thing is going to go to bleed in a larger prosecution, because I've been watching this. Eric, I've been watching this from the beginning.

I was watching this when I was not for your father being president in 2016. Saying, wait a minute.

This isn't right.

What is this?

This isn't right.

It is so clear that this now was -- I mean, the evidence is all there!

That this was a plan from the beginning, that is, quite honestly, I believe, still going on.

Is there is there a chance.

I mean, do you know if the grand conspiracy thing is going to happen?

ERIC: Listen, I hope it does, right?

I'm not in government. But it's the entire thesis of the book. I've dealt with this more than anyone in the country for a ten-year period of time.
They wanted us gone. I mean, Glenn, they were planting documents in Mar-a-Lago in my father's office. They were planting top secret folders, on -- on the carpet of my father's office.

They admitted that to Judge Cannon that they literally brought in top secret folders and they staged photo shoots on my father's office floor. Right?

The whole thing was contrived.

The whole thing was a setup. The Russia thing was a scam.

The dirty dossier that said my father was doing horrible things, the most unthinkable things. You know, it was -- it was a sham, the impeachment number one was a sham. The impeachment number two was a sham. To have seven judges in Colorado just delete my father's name from a ballot was a sham. The fact that, again, a guy who works very hard, and never crossed any line in his life became the most subpoenaed person in American history. It was a sham. I mean, you know, I must have a laptop from hell. I wasn't Hunter Biden. I wasn't doing illicit drugs. I wasn't partaking in prostitution. I didn't have racy photos all over my -- and I sure as hell wasn't doing illegal business deals all over the world of every shady country, as he very much seemed to be doing. And yet, they came after us relentlessly. So do I think that that criminality has to be paid for in some way? I do. And I find it so ironic, when you see Chuck Schumer up there. And Jake Tapper. I'm not sure if you saw him the other day. "This is the weaponization of the government at its finest."

Give me a break. I've taken more arrows than anybody could possibly take and still be standing. And my father, he has taken unlimited arrows, all in the sense of this nation that we love. And it's -- it's true irony. And it's true projection.

GLENN: So let me take ten seconds for a station ID. And then I want to talk to you about, has there ever been a time when you guys said, enough!

Back in ten seconds. (music)

GLENN: So I don't know. I mean, I am amazed at your family. I'm amazed at your father. The things that you guys have put up with. The things that you have come through.

And at some point, did anyone in the family say, dad, please, I mean, we want grandpa to be around? Stop! Please. Did that ever happen?

ERIC: You know what, it's kind of funny. I think that's exactly what they thought was going to happen. I thought that they could take this kind of New York billionaire and make his life so uncomfortable, that he would want to go back to Palm Beach, Florida, play golf, hang out with his grandkids. Fly around on Trump Force One. You know, live in Mar-a-Lago. Live a great life. Right?

And there's no question that was their calculus. You know, how do we make fun of him? How do we silence him? How do we bankrupt him? How do we go after his family? How do we raid his home? How do we indict him, right? How do we break up his business. How do we break up his business. How do we strip the Trump name off of every building in New York City. Those are all the things that I dealt with. I think they only misunderstood him.

And maybe it's like a masochist-type quality, but the harder they hit him, and the harder they hit us, the more resilient we were.

I was in the courtrooms, Glenn, with my father every single day. When they turned around in New York and ran off 34 felony -- bogus felony counts with the corrupt judge. And you know a lot about that trial.

My father turned around. Shook my hand.

We left the courthouse. We did a press conference. I was on the front stairs of that courthouse every single day to the press. You remember, my father was gagged. And then we went down, we did a big fundraiser. I mean, we literally left the courthouse after having 34 felony indictments and went to a political fundraiser.

I mean, the man never stopped. He was the Energizer Bunny in a red tie wearing a suit on steroids.

And the harder they hit him, the harder he worked, the harder he fought back.

But beyond that, I think more the American people realized, the whole thing was a sham.

I mean, there's only so many times you can cry wolf, before everybody realizes it's nonsense.

And they cried wolf in Russia, and everybody saw that.

And they cried wolf with the impeachments and everybody saw that. And people fundamentally started to distrust the mainstream media in the country. And independent voices like yours, all of a sudden, became the most powerful we've ever seen in the nation's history. And, you know, and all of a sudden, this whole thing turned around. Where people started realizing, hey. The harder they hit this guy, the more I like him. Because this is the system. This is the corruption at work. And listen, it obviously worked. Because my father won the popular vote. He won every single swing state.

You know, he won 11 counties in California that had never been wronged by a Republican. In 37 years, no Republicans won Miami Dade County. We won it by 11 points.

And every single state in the country, all 50 states cast way right. You know, and so clearly, their games didn't work.

But that's what they wanted. They wanted to make his life so damn uncomfortable. That he would bow out of the race. And say, you know what, let's just go live my glory years at Mar-a-Lago, living out the American Dream as the next president. And they wholly underestimated the man.

GLENN: But you -- the whole family was like?

I mean, everybody in the family?

I mean, I don't say this. You guys are amazing. Even if you would have said, Dad, stop it.

Please, not for us.

For you, stop it.

It's not a sign of weakness.

I mean, I'm amazed that number in the family ever just sat down and said that.

ERIC: Glenn, at that point, I think we were up to our eyeballs, admitting, you know, they had us in every -- you know, I had a hundred depositions. I had a hundred subpoenas in my desk.
They were raiding our homes. They were trying everything they possibly could to take us out, to bankrupt us. You had Leticia James in New York.

The corruption that overturned five to zero, you know, by the appellate courts. And New York was an absolute sham with a sham judge. You had the Alvin Bragg nonsense. You had the Fani Willis nonsense with her boyfriend in Georgia. You had the Jack Smith, and he plants documents in Mar-a-Lago and ransacked Melania's closet and Barron's room, you know, in our home.

You know, at this point, we were -- we were neck deep in it. I mean, we had no other choice. I mean, if we would have given up then, we would have been dead. They would have taken us out.

And there was one point, I talked about it in the book. Where my father looks at me, coming out of that courtroom. And he says, honey, I don't know how, but we're going to win.

And I said, listen, we either win, or we're all going to be in jail. Because that's exactly what these corrupt people will do to us.

And, again, it's a great irony that I find in the way the Democrats are treating the Comey indictment this week. It's -- they would have put us all in jail and had us rot there for eternity, you know, had we not pulled it off.

That was their exact intent.

And they weaponized the -- the entire system, in order to let that happen.

GLENN: Oh, yeah.

So my wife and I just -- gentlemen just moved to Florida. And we lived near the Trump National Golf Course. We were driving by.
And I thought, everything this family has done. Everything this brand has gone through, I think it's a more powerful brand now, that happen -- than ever before.

And part of it is the way you guys have dealt with the -- just weathered every storm.

But also, I think your dad. I've had a lot of respect for your dad as a builder. And, you know, I watched him build buildings in New York. And honestly, Eric, I really thought.

Because he could build things twice as fast as anybody else in New York.

And I'm like, how does this guy not have mob connections? How do you do business without the mob?

And nothing. Clean. Clean. Clean.

So I don't know how he does what he does.

He's just a machine.

But I feel like, everything he has done, in a strange -- in a strange change of topic here, I think he found the golf course and the golf resorts, are like -- that's -- I think he's -- I think he's the best at that in the world now.

ERIC: Yeah. Well, thank you, by the way. And that's a great compliment to me, because I've done every single one of them with him. And I bought, you know, most of those properties and does we're really good at it. And it's really funny. When I -- when he's talking about Gaza the other day, and he goes, you know, the potential for this place. What I could make this place into, would be so incredible. And the Democrats come out. Oh, ha, ha. What do you know about building?

Like when AOC came after Elon Musk. Oh, ha, ha, ha. Elon Musk. Like, the least qualified person to run the FAA. I'm sitting there thinking, this guy is catching rockets with chopsticks. Like, you might not want to belittle him. He's got about 4,000 times the IQ of you, AOC. And they're trying to do the same with my father. I mean, there's no one that's a better builder, and I had his genetics. I mean, he'll tell you, the two of us are like two peas in a pod with that. That's what I do.

By the way, Glenn, I got the library approved yesterday. It's going to be in Miami, Florida, and it's spectacular.

So we just got the greatest site in Florida, and I will be building that. And I promise you, it's not going to look like the Barack Hussein Obama Presidential Library in Chicago, that looks like a jailhouse.

They're literally going around neighborhoods in Chicago. They're like, what does that building look like? Everybody is like, man, it looks like a jail. It will be a spectacular building. But no. I think my father will -- now, ten years ago, I would have said, what he would have wanted on his tombstone was the greatest developer, the greatest builder. You know, I think today, it's a man who literally not only inspired a nation, but opened the eyes of the entire nation to how we were getting ripped off. The flaws of government.

And how much better we could be running this country, which he's doing right now.

GLENN: Well, I've never seen anything like it. You know, when he said, I will be the greatest president. I thought, wow. That's. I'm a historian. I know history. That's a pretty high standard. I told him myself, I think you're -- I think you're in the Abraham Lincoln.

You keep going. You're in the Abraham Lincoln, George Washington kind of territory.

And it might take a hundred years for people to realize that, but I've never seen anything like it.

THE GLENN BECK PODCAST

USA vs UK: The Parallels in Cultural Takeover | Katie Hopkins & Glenn Beck

Glenn Beck speaks with British commentator Katie Hopkins about the dramatic Islamic demographic and political takeover in the United Kingdom, and the alarming parallels emerging in the United States. Hopkins explains how Muslim birth rates, political power in cities, and cultural changes are reshaping the UK, and what Americans can learn from Britain’s current trajectory. From arrests over flag-waving to the erosion of free speech, she details how Western freedoms are under threat if we fail to recognize the patterns.

Watch Glenn Beck's FULL Interview with Katie Hopkins HERE

Will Bad Bunny’s Super Bowl performance be DEMONIC?!

The NFL has chosen Puerto Rican rapper Bad Bunny to perform at this year’s Super Bowl. But BlazeTV host ‪@realjasonwhitlock‬ joins Glenn Beck to explain why he believes this isn’t just about expanding the NFL to the Latin American market. “This is the poster boy for demonic activity,” Whitlock argues, and it’s yet another slap in the face of conservative Americans and Christians. Plus, Glenn and Jason discuss why Jay Z may be the true mastermind behind the past few years of “inclusive” halftime shows.

Transcript

Below is a rush transcript that may contain errors

GLENN: This is Bad Bunny. And I have to tell you, I don't understand Bad Bunny. I don't claim to understand Bad Bunny. I've never heard of Bad Bunny before. And, you know, I'm cool. I'm cool. I'm all Bad Bunnied out. Now, Jason. Who is a little cooler. Jason Whitlock from the Blaze. He's joining us now. Because he is -- you're apoplectic on Bad Bunny.

JASON: Yes, I am, Glenn. Look, obviously they're trolling Donald Trump. Obviously, they're trolling ICE raids and the whole illegal immigration policy, enacted by Trump. Obviously, they're going out to Northern California, where the Super Bowl is in Santa Clara this year. And they -- Gavin Newsom. Kamala Harris. This is their headquarters. And they want to make a statement about illegal immigration. They want to make a statement about diversity and Spanish-speaking people. They want to make a statement about transgenderism and sexual fluidity.

And bad bunny checks all those boxes.

And so that's what they're doing. This has nothing to do with football fans.

This is about the left's control of popular culture. And control of the National Football League, which is the strongest thing in popular culture. And they're using it to make a big, bold at the same time about how they feel about Donald Trump. But more importantly, how they feel about Jesus Christ.

GLENN: So now, as an expert on Bad Bunny for the last, hmm. Thirty-five seconds. Let me push back on this. I think I agree with you.

JASON: Yeah.

GLENN: Jason. But let me push back on you.

I see the NFL. You know, I see the NBA, placating China. Because that's their new place. The NFL, all over the world. NFL really trying to get football to be American football, in -- in other markets. Why is this not just a continuation of that play to get the Super Bowl to be watched in Latin America?

JASON: Because there's plenty of other Latin-American artists they could have chosen if that was the play. They didn't have to pick someone who is so closely associated with demonic activity, so closely associated with promoting gender fluidity and the cross-dressing deal. They didn't to have pick someone who is so outspoken against Donald Trump and his illegal immigration policy. This is the poster boy for Trump hate. And this is the poster boy for sexual fluidity and redefining masculinity.

These are things straight out of his own mouth. And look, all money isn't good money.

And that's what globalism is teaching us. That we can throw away all of our Christian values. All of our American values, in pursuit of global money.

GLENN: Correct.

JASON: And then what are we left with? A drag show, at halftime of the biggest platform we have to offer in American culture. And so parents will be having discussions with their kids on Super Bowl Sunday. Mommy, daddy, wives, this man out here, dressed as a woman, during some part of this act.

Why are his fingernails painted? Why is he taking subtle shots at Trump? This is -- to me, part of it is a reaction to the Charlie Kirk memorial service. It was such a powerful pro-Jesus Christ deal. They have their answer now.

And it will be Super Bowl Sunday.

GLENN: So let me ask you, because he has -- he won't tour in the United States because of ICE. Right?

JASON: Yeah. Yeah.

GLENN: So he's already sworn off the United States of America as a tour top. Because he's so strongly anti-ICE.

You just said, that he was also none I can. Or he pushes demonic things.

I want to play a piece of audio that we have from somebody who went to his tour. And then I would like you to explain for somebody who is now a full 90 seconds into, you know, what's his name? The Bunny guy. What this means. Here's the audio. Listen.

VOICE: Fans are reporting that they felt a demonic presence when attending Bad Bunny's recent concert. Fans even started making it into a meme by taking videos saying that the concert just feels demonic.

But it became extremely dark when this song by Tommy (inaudible) came on, where there were masked demons dancing all over him and the concert turned all red.

Even the music video to this song is extremely dark. It's this monster looking thing that creeps up into this woman's room, and it actually ends up becoming Bad Bunny himself. Those who attended this concert are even advising people, if you're going to go see Bad Bunny's concert, then --

GLENN: Okay. Stop. I can't take any more of this. You know, obviously AI. The image that they put is Nosferatu, you know, the -- the vampire Nosferatu. Tell me what -- I mean, I've seen a lot of stuff, that I feel is pushing demonic forces. Especially in the music industry. Tell me what your thoughts are on this.

Why it's clear to you.

JASON: The music industry clearly has a close association with the occult movement. This goes all the way back to the Beatles. You're probably familiar with that. But in rap music, these rappers, American and this guy Bad Bunny and everybody else, they so are out of the closet with the occult symbolism in their music, in their videos, what they rap and talk about.

It's undeniable that there's an occult association. And, Glenn, this is funny. Yesterday, as I'm processing this and on Sunday, I start thinking about, well, what kind of song could we use as a protest song for what they're doing here at the Super Bowl. And I was like, we're not going to take it. We're not going to take it anymore. And I go look it up. Because I just remember it from my childhood. And it's Twisted Sister. They had the song We're Not Going To Take It.

And then I went and watched the video. And the video is a kid, in his bedroom, his dad comes in, yelling at him. And the kid spins around and like turns into an adult longhaired cross-dressing man, and starts singing the song, We're Not Going To Take It. And I was just like, holy cow, they've been putting this message into this forever.

GLENN: And you didn't know.

JASON: This came out in 1984.

GLENN: Yeah. I know. I -- I -- i unfortunately was on the radio playing the hits when that was out.

Is it true that Jay-Z is responsible for selecting the last six years of the inclusive halftime shows?

JASON: Absolutely. All of it. And it actually -- Jay-Z's first Super Bowl that he ran I believe was in 2020. He picked Shakira. But the special guest was Bad Bunny. His special guest was -- so this started in 2020. This is always where it was going. You can find plenty of videos of Jay-Z doing spirit dancing and occult-like activity.

This is what Jay-Z is all about. And much of it is justify and/or defended -- diversity. We have to have diversity. And Jay-Z is black. And they're just upset because Jay-Z is black.

And no -- no one has to deal -- no. We're upset. Because he promotes the occult, that he promotes a form of music that is grooming our kids for violence.

Grooming our kids for sexual fluidity and promiscuity and degeneracy and disrespect for authority. And that's what we don't like about Jay-Z.

They use this racial deal, and accusations of you're a racist, if you criticize Jay-Z or criticize anything defined as black culture. And if you're someone like me, you say you're an Uncle Tom and a sellout. And -- and this is why.

Four years, I've been running around saying, men, particularly white men, you're going to have to buckle up. Get over the fact that they're going to call you racist. And defend your values and beliefs. If your values align with Jesus Christ, you defend them, and you deal with the consequences. That's what I do. That's what you do. That's what Charlie Kirk did. That's what we all have to do, if we're going to stand up to this madness and insanity.

GLENN: So how do you stand up against this? Because nobody is going to abandon the NFL. You know, Jesse Kelly said, what? Yesterday. "Oh, they're very upset. They're very upset about that. They'll have another six-day boycott of the NFL." And that's true.

JASON: Glenn, I do think there's an opportunity here, as it relates to the Super Bowl, as it relates to some sort of counterprogramming. Super Bowl halftime at least, or just on the Super Bowl. I've listened to Jack and others, that say, "Hey. We should have a counterdeal through TP USA, through TheBlaze, through whatever."

GLENN: Whatever it is.

JASON: So we can get Creed to perform. Can we get -- in my view, I love Forest Frank, and I would love for churches to host events on Super Bowl Sunday in the evening, so that we have -- because, Glenn, there's no chance of me watching the Super Bowl this year. I've talked about it last year. I was upset with Kendrick Lamar. This is the bridge way too far for me. I will not watch the Super Bowl this year.

I get skipping out -- I don't think it's the appropriate thing to skip out on the NFL and sports altogether. Because the Young Men's Christian Association, the YMCA, in the late 1800s, early 1900s, they organized sports. Sports have been stolen from Christians. And I don't believe in surrendering and just handing it over to them, and to the atheists, to the secular crowd.

It's a tool God intended for us to use to disciple and mentor masculine men in Christianity. It's been stolen from us, by television.

And we need to fight to have it back. Because it's a great tool, to disciple young men. So I don't believe in abandoning, but as it relates to the Super Bowl, no dice, for me.

There's just -- you couldn't pay me to watch this year's Super Bowl, because I feel like I would be spitting in the face of God.

GLENN: Well, I will tell you, that, you know, I don't care about sports. But my family cares deeply about the NFL, and depending on who is playing.

And, you know, but I could see even the diehards. You know, my son. I could absolutely see him saying, turning it off.

And those ratings matter. The ratings matter. Turning not not just the game off, but even if you turned off the halftime show, those ratings matter a great deal. If everybody just said, I'm not watching it had it. And turned to something else, before the halftime show. That is a half step. But an important half step.

Would you agree or disagree with that.

JASON: I totally disagree. And again, I'm using Charlie's memorial service, as our blueprint. That produced incredible numbers, all over the internet. Anywhere that was broadcast.

And I think we could do the same thing with musical performance.

If Brandon Lake, Forest frank, Creed.
Whomever. If offered the alternative and said, hey, just turn your TV off. And whatever.

And open up your i Phone and your i Pad. Whatever. Flip over on your Smart TV, to a counterprogram, Super Bowl halftime rather than invite the devil, Satan into your home, I think a lot of people would take that option.

GLENN: I know I would.

I know I would. Jason, thank you so much.

How are you doing?

JASON: I'm doing great, Glenn. I'm doing great. I appreciate you.

Hey. I know this has been a tough weekend for you. Given the church deal and so I appreciate you making the time for me today.

GLENN: Oh, I love you, Jason. Thank you so much.

JASON: Thank you.

GLENN: Jason Whitlock. You can follow him at TheBlaze.com/Fearless.

If you've ever watched Jason, he is fantastic.