RADIOApril 21, 2022

Economist BREAKS DOWN the Fed’s ‘BOGUS’ plan for inflation

Steve Forbes, Economist & Editor-in-Chief of Forbes Media, joins Glenn to break down several economic concepts that may be hard to grasp: What IS inflation, is it calculated correctly, and how did it get SO bad today? Plus, Forbes describes the 'gimmicks' used by today's Federal Reserve that are furthering America's current economic crisis: '[The Fed] wants a slowdown, and they just hope they can avoid a recession. It's bogus thinking.'

Transcript

Below is a rush transcript that may contain errors

GLENN: Welcome, Steve Forbes. How are you, sir?

STEVE: Good to be with you, thank you.

GLENN: So I'm really interested in hearing your take on what we are headed for with inflation. So let's --

STEVE: What --

GLENN: Let's start here. Explain what inflation is. You know, some people. You are so used to hearing, we're going to have 2 percent inflation. Oh, that's good. No, it's not. Is it, Steve?

STEVE: No. Just as you don't say, reduce the size of a gallon of gasoline, and that's good for you. No, it isn't. Keep it the same. So inflation. That's why we did this reader friendly book. No jargon. Straightforward.

There are really two kinds of inflation. One is a nonmoney kind. Nonmonetary kind. One you say, you have bad weather. Commodity prices go up. Wheat prices go up. Or you get the kind of shutdowns we have the pandemic, which disrupts the supply chain all over the world. We're still suffering from that. That sends prices up.

And then you have the money kind, where the government reduces the value, in this case, of the dollar by creating too many of them. And we know the government has been spending on a spree. How has that been financed, a large part of it has been the Federal Reserve. Buys those bonds. How does it get the money to buy those bonds? It creates it out of the thin air. The ultimate ATF. Now, unfortunately, Glenn, on the nonmonetary inflation, normally, if you just leave the economy alone, those things will heal themselves. We did it after World War II. And we converted from a wartime economy, to a peacetime economy. Disruption. But we did it. But unfortunately, the Biden administration is putting obstacles in the way. Starting with the role on fossil fuels. A lot of other the crazier things they've done. Seventy-seven executive orders. $200 billion of new regulations. So they're making the problem worse, instead of letting the economy heal. And the Federal Reserve, they've been printing a lot of money. They've been producing gimmicks to try to keep that money from flooding the economy. But that's going to run out. So if they don't get their act together, we're in from a rough time. Let me conclude on this. Unfortunately, this is where we have a real danger now. The fed believes, the way you cure inflation, is not by stopping the printing press. And making the dollar whole again. Making it stable again. They believe you do it by slowing the economy down. Throwing people out of work. And that's what they're up to now.

GLENN: So, Steve, first of all, the -- the idea of inflation, we say it's now at 8.5. That's just because we measure it differently.

If you look at shadow stats that measure it the way we did under Reagan. It's at 17.1. Is that fair to do, or not?

STEVE: Well, this gets to the whole thing of, how do you measure prices? The whole labor department. It has a whole bureau devoted to it. What do you put in the index. One of the crazy things is when people's buying patterns change. Let's say you have meat prices, which they have. So instead of having steak. You might go for cheap hamburger. Well, they don't account that as inflation. They just say, the patterns have changed stop, yes, you can manipulate these things six ways to Sunday. But the bottom line is price are his going up. The cost of living is going up. Part of it is the pandemic, and the Biden administration making things worse. We can cure that, hopefully with a new Congress.

But the Federal Reserve, they have to get over this notion, that when we do work, when we're trying to be prosperous, they got to slow us down. That's really bad stuff.

GLENN: I don't know that anybody really understands the fed balance sheet, and what they've done, and the money that they have loaned out. Trillions of dollars, that they have bailed banks out all around the world.

If you can't -- you know, theory trying to sell off the stuff, they have on their balance sheet. But every time they try that. And/or raise interest rates, the economy stops. And so not sure they're going to be able to do either of those. How do you pull this money back in, to be destroyed?

STEVE: Well, what -- what you do. First of all, which they won't do this part. Is you leave interest rates alone. Let the market set interest rates. Controlling interest rates is like rent control, which as we know, hurts new construction. This is trying to control the price of money.

Affect the price you pay for renting the money, so to speak. So they should just leave that alone, and let the market sort it out very quickly. On your point about what the balance sheet, when you say balance sheet, people's eyes start to glaze. Just think the fed is sitting on a pile of bonds. And too many of them. And so what they should be doing is letting those bonds mature. Not buying new bonds. Let the money supply go down. And if they do that in a responsible way, we'll avoid a huge slow down.

But let me give you something. A gimmick that they've been employing the past year. When they were creating $120 billion a month. Pulling money out of thin air. Let's walk your listeners through on this.

When the Federal Reserve creates money, they call up a dealer, a bond dealer like Goldman Sachs. And say, we want to buy a billion dollars of bonds. So Goldman says, fine. They give the fed the bonds. How does the fed pay for those bonds? They credit Goldman's bank account. Where does that money come from? No place. The fed just says, voila, you have it. And that's how they create the money out of thin air. So they're doing that last year, at a rate of $120 billion a month. To help finance the government's debt. And so what they did, to try to keep it from an even worse inflation, than we've been experiencing. They then create the money. And then borrow it back from the banks, and money market funds, overnight. If you want to get technical, if people want to look at this stuff, they go to (inaudible), they'll find a thing called reverse repurchase agreements. In effect, the fed is pouring money -- pouring a bucket of water at one end of a pool, and then taking it out at the other end of the pool.

Now, that gimmick can't go on forever. You know, a year ago. A little over a year ago, they had zero of these reverse repos. Now they have $1.7 trillion. That's the game they've been playing. Huge damn of money ready to flood the economy. So we are now also by turning the -- taking the money, and saying, oh, no. You're a central bank. Your dollars are no good, to Russia. A lot of countries around the world are going. Jeez, if I get on the wrong side of America, all of a sudden, what I have as gold is no good. That's not safe for me. We are destroying the dollar at the same time we're inflating the dollar. How is this going to end, Steve?

STEVE: Well, ultimately, and this will sound very strange, and you shouldn't say it in polite company. All the -- in a few years, we're going to do again, what we did for the first 180 years of this country's existence. And that is tie the dollar to gold. What it means is that gold for a variety of reasons, keeps its intrinsic value. What it means, it's like a measuring rod. Not perfect. But it keeps the dollar stable in value. If we maintained the growth rates we did for that 180 years. Which was the greatest in human history. And then we went off the gold standard in the early '70s. And since then, the average growth rate for the United States economy, has gone down by at least one-third, from about four and a quarter percent to two and three-quarters. That doesn't sound like that much, but you do that over 50 years. Let me just give you a number.

The average -- the median household income today is about $68,000. If we had maintained our historic rates of growth, which we did for 180 years, through depressions, wars, civil wars, you name it, we would maintain that average name of growth. You know what the median income would be? $110,000.

That's what we've lost over half a century of funny money. It's bad stuff.

GLENN: Can you explain -- you just said that the fed is going to destroy jobs. Or they're -- you know -- how are they doing it?

STEVE: Yes. They have this theory, called the Phillips curve. It's not a baseball pitch. It's named after an economist who said, if you want low unemployment, you have to have higher inflation. If you want lower inflation, you have to have higher unemployment. They believed prosperity causes inflation. They don't realize devaluing the dollar causes inflation. But they can't grasp that. So as a result, you hear this talk about soft landing, what they mean is, can we slow the economy down enough, without going into a full-fledged recession? Usually, their attempts at soft landings is a crash landing. They are trying to slow the economy down. Create unemployment because they think the economy is too prosperous. That's why they think they have this inflation. So they won't say that, explicitly. But you've pressed them on it. Yes, they want a slowdown. And they just hope they can avoid a recession. It's bogus thinking. Experience disapproves it. But if the fed, the Philip's Curve is wholly writ.

GLENN: By the way, we're talking to Steve Forbes. He's got a new book out called Inflation. What it is, why it's bad, and how to fix it.

Steve, when you look at the money printing that we have done, you immediately think of Weimar Republic. I mean, idiots know that, hey. You can't keep doing this for very long. And at huge sums of money. Okay?

Everybody learned that. Weimar Republic. Zimbabwe. Et cetera, et cetera.

STEVE: Venezuela today.

GLENN: Venezuela. So do we know -- or have a guess on -- on how close we are to that?

I mean, is there a possibility we go into hyperinflation?

STEVE: You can't rule anything out with these people. But I think the answer is, no. I think even some people at the fed are realizing, they're on the -- they're in the danger zone. And so they're trying to figure out, they got themselves into this mess. And they were doing this, by the way. Undermining the value of the dollar. Before the covid crisis. This was starting in 2018. So they can't say, oh, we did it because of covid. No, they were doing it before covid. So I think they're trying to figure out now, how do we get ourselves out of it, without getting a disaster? So I think they're going to slow down the money creation. But what they should be doing now, is instead of trying to manipulate interest rates, just let their -- just let the bonds mature. And the size that they hold of those bonds, go down. Nature will take -- nature will take care of it.

Treat the -- keep the dollar stable. And then let the bonds mature. Run off.

And we'll -- we'll get through this. But the other side of the coin, is even if the fed starts to behave itself, then you have a government that is doing everything it can to slow the productive part of the economy. You know, the genius of Ronald Reagan was, when he cured the inflation. At the same time, he cut taxes, deregulation. And that's why we roared in the '80s. After those tax cuts went into effect.

GLENN: We're doing the exact opposite.

STEVE: So we'll have to wait until 2024, to get that done. But with 2022, hopefully with the November elections, at least we can put barriers in the way of the Biden administration, from putting new burdens on the economy. And also start questioning the fed. What in the world are you guys doing? Why do you think prosperity is bad for us?

GLENN: Steve, can I hold you for one minute?

I have about five more minutes, if you have time. Hang on. Sixty seconds, and we're back with Steve Forbes.

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GLENN: Steve, I know this is off the inflation path, a bit. We're talking to Steve Forbes. The book inflation. What it is. Why it's bad. And how to fix it. But I'm really concerned about these ESG programs. You know, going and switching our economy to a stakeholder. Capitalism. Which is just bullcrap. In my opinion.

And -- and -- and the way we are letting BlackRock and others come in and just buy us all up. They're buying in every seven homes, for sale. Going to BlackRock.

STEVE: Well, this -- and the nice -- the good thing about a free economy, free country, and free speech, is when these things start to happen, you can arouse the public. They won't say it publicly. But Coca-Cola, and Delta, really reversed course after they did what they did last year. When they booted the all-star game out of Atlanta. Because they didn't understand what Georgia did with the voting laws. Which are more -- more liberal than they were in New York City.

Hello. And they got burned on that. They got real pushback on that. Disney is getting pushback on it.

So the way -- the way you answer this stuff, is you push back.

And one of the things I think you're going to see happen after the November elections, is looking at ideas on how, if you're a shareholder in a fund, or a group, BPF or something, how can you have a voice on how your share of the shares, so to speak, are voting at these annual meetings? It's complicated. But I think you're going to see a real thinking on that. So it's not just a group of people. You know, decades ago, there was a great business guru called Peter Drucker. And some schools still read his book. Business schools. But he warned of what he called pension fund socialism. He noted the rise of pension funds, owned by the state. And by -- by endowment funds. And he said, they can end up buying the economy. The government doesn't have to do it. They're doing it for them.

So I think you're seeing real pushback, on that. But they get to what you might call, modern socialism. The modern socialists recognize, you don't have to take over a company or an industry. You just have to regulate it, so its survival depends on your whims. And that's what the Biden administration is doing. Practicing modern socialism. And pressuring the BlackRock and others. BlackRock and others, go along. With the pushing that kind of agenda. That has to be resisted. But modern socialism, different from our mind, you have the regulators to do it. You don't have to take them over.

GLENN: Would you -- would you say that we are now doing modern monetary theory in Washington? We have one minute.

STEVE: They're doing a form of it. Modern monetary theory. Is simply modern gash on the old idea of devaluing money, by creating too much of it. You know, in Roman times, they did it by reducing the precious metals in a coin, and putting that tin and junk in it. In modern times, we do it by printing up a lot of paper money. With now ellipses on your handhelds.

And it's the same thing. And what you see unfolding now -- we discuss this in the book, inflation is the old response of government. They scapegoat.

You know, in Roman times they blame Christians. In able times, witches. Now today, we blame company executives, with the same old movie.

GLENN: Okay. Steve Forbes. Thank you. Hold on for just a second. Steve Forbes. His new book is out today. You want to pick it up.

Inflation. What it is. Why it's bad. And how to fix it. More in just a second.

Canada’s Euthanasia CRISIS: Assisted Suicide and Organ Harvesting

Canada’s MAID (Medical Assistance in Dying) program has crossed a moral threshold, and Glenn Beck is sounding the alarm. What began as a so-called “compassionate” option for the terminally ill has expanded into a dystopian system where citizens are being encouraged to end their lives over depression, poverty, or homelessness. As healthcare collapses, the government’s answer is to reduce the “surplus population” while even harvesting organs in the process. Glenn exposes how the normalization of euthanasia devalues human life, opens a dark ethical path, and serves as a chilling warning for America.

Transcript

Below is a rush transcript that may contain errors

GLENN: It's -- getting really bad up in Canada. I was with some Canadians yesterday. I saw them. I was up in the Capitol after meeting with senator Lee. And I come out, and these people say, "That's Glenn Beck. Glenn Beck."

And I turn around. And they're like, "Oh, my gosh." And they come up to me, and they're Canadians. I'm like, "Can you guys still cross the border from Canada? I didn't even know that was legal, still."

STU: They love this humor, by the way.

GLENN: They loved this humor. But they were great. They were big fans, and, you know, I asked them about how things are going in Canada. And they said, "Really not good."

I said, "I'm really concerned about your MAID program."

And they were like, "Yeah. You think so?"

Canada is in a euthanasia crisis. The cheapening of life. This started out about ten years ago, in Canada.

You know, if you have a chronic illness and you are close to death. You're going to die, anyway, and I don't mean like from old age. I mean, you are close to death. And you are in massive death. You can end life.

Now, if you remember right, Stu and I talked about this in the days of Fox. One of the problems we had was the complete live system with -- with Obamacare.

STU: Yeah.

GLENN: When you have -- when you have a government health care system, all it takes is a shortage of any kind. And then you start devaluing life on both ends of the spectrum. Up until 12 -- I think he's up to 12 years old, you get very little Medicare -- or medicine and care.

And over 50, they begin to cut your care. They keep the ones who are actually working hard. And making all the money. They keep all the care there.

Because that's what's with good for society. Okay?

This is exactly what is happening for Canada. And they're not saying it.

They can't keep up with the system of care that they have there. People are dying all the time. And so what they're trying to do is just reduce the surplus population. And so now you can go in and get euthanasia for -- I mean, pain. You can't conduct yourself with meaningful activities anymore.

You can't perform your daily activities.

You have depression. Autism. I mean, all kinds of stuff.

STU: Really, any reason.

GLENN: Any reason.

STU: It's at least expanding to that eventually.

GLENN: It just expanded. There were two people that were just cleared for euthanasia. Because they got kicked out of their home. Because their home was being given to illegals.

So these Canadian citizens. They get kicked out of the home. They can't find a place to live.

And they're getting depressed about it. They go to the doctor. And the doctor is like, we don't have any beds for you.

It will be months before we can see you.

You can't give me any kind of help on this?

No.

STU: My gosh, they should have illegally crossed into this country.

I would be happy to help them.

GLENN: Well, no. They're Canadians. If they're Canadian, they're probably white. And we can't help them.

STU: Hmm.

GLENN: I know me too.

So they -- they convinced two of these people, just kill themselves.

STU: How --

GLENN: Because --

STU: So awful.

GLENN: Awful. Awful.

STU: But this is -- this is a -- can a long-standing. You know, you want to make a slippery slope argument.

This is a really easy place to be.

GLENN: And it's happening over and over again.

STU: It's the same place that happens every time.

GLENN: Yeah. Every time.

STU: You look at that, what is the movie, Million Dollar Baby, I believe it was. If I'm remembering right. It was Clint Eastwood. And so that was a really fascinating movie to watch, as someone -- in our position. If you're a conservative.

GLENN: Uh-huh.

STU: Because she -- spoiler alerts, throughout, she was a female boxer.

This is a wrong time. A apologize if I get it wrong. She has a terrible why are in the ring. And is put on basically life support.

And kind of wants to die.

And he unplugs her at the end. If I remember right, basically.

And she dies. And it's the best possible case in a way, for euthanasia. You feel terrible for her. She had all this to live for. This awful thing happened to her. She was incredibly unhappy.

And, you know, you felt like, he was doing the right thing.

The movie presented it in a way that it felt like, this is a tough choice. But he did the right thing.

GLENN: I'm trying to remember the Rachel McAdams' movie about kind of the very same thing.

STU: Okay.

GLENN: It was very disturbing.

Life without you, or something. And she falls in love with this guy.

And, you know, she thinks he has a great life. But he's in a wheelchair. And they have a great time. But she doesn't know that she's just care-taking because his parents are trying to get him to find purpose in life again. He was in an accident. Find purpose in life again. But he just wants to kill himself. So they fall in love and everything else.

It in the end, he says, I want to kill myself. And he see. And you're made to feel like, that's an okay --

STU: Yeah. Hey. And I think those are valuable vehicles. They challenge you a little bit. You're like, okay. This is a tough situation. A tough call or whatever.

And I don't remember at the end of the movie, yeah. I'm pretty sure.

GLENN: Me too. Me too.

STU: You don't want to unplug people, when there's no reason to.

GLENN: Uh-huh.

STU: And that is always where it starts. You feel like, there's a tough call to be made here. This person is in pain, they're suffering.

But if you don't prioritize above all else in these situations, above quality of life.

Above whether -- whether they feel that they have nothing to live for.

If you don't prioritize life. At least from a legal standpoint. You know, you -- you put your society, on slippery slope that ends this way, every single time. And, you know, we all kind of understand the truth of the situation, which is, it's very difficult to prevent over someone's life. If they want to take their own life. They will probably be able to do it.

GLENN: Yeah. Yeah.

STU: But coming to a societal acceptance of something like this.

Put you on a road to darkness.

GLENN: Well, they -- they say that we're doing this scientifically we have three doctors that have to sign up on this. Well, that's exactly the number that the Nazis have to.

STU: And they trim that number.

GLENN: They did. They did. And I think they had one or two. They trimmed that number.

It may be back up to three. Here's the good thing. You get more doctors involved. Because now they are prepping the people for euthanasia with -- I think it's Heparin. Which you put a line in of Heparin. And that preserves your organs. And so as soon as the doctors off you. Other doctors take you. And take out your organs. And now Canada is becoming one of the biggest organ warehouses since Hammond.

Did Ketanji Brown Jackson say black voters are DISABLED?!

MegynKelly‬ joins Glenn Beck to discuss Supreme Court Justice Ketanji Brown Jackson’s “unbelievable” comparison of black people’s ability to vote with disabled Americans, Justin Trudeau and Katy Perry’s alleged romance, and Megyn’s upcoming stadium tour stop with Glenn.

Transcript

Below is a rush transcript that may contain errors

GLENN: Hello, Megyn, how are you?

MEGYN: Hello, friend. I'm great. How are you doing?

GLENN: I'm good. I'm good. I'm glad to be with you. What is it? Next Saturday, we're going to be together here in Texas.

MEGYN: Fort Worth, baby! Let's do this thing.

GLENN: Could you get a bigger arena, have you been to the Dickie's arena?

MEGYN: No. I can't wait to see it.

GLENN: Yeah, well, there's a lot of it. There's a lot of it.

But we're going to be together, and tickets are still available. Grab your tickets now. I would like to know a couple of things. First of all, I'm going to making a pretty big announcement, breaking some news with you. Because you're a journalist, and everybody goes to you for these things. But I'm going to be breaking some big news.

And then -- what -- I'm only asking this, because I just got off, you know, one of the shows from Charlie Kirk. And the audience kind of threw me for a loop. I didn't even -- I've never even pondered before, Megyn.

MEGYN: Well, I think we're going to be doing some Q&A with the audience too. And I'm looking forward to that. I've been hearing a lot of folks commenting on our social media feed, that they would love to interact. And I thought, maybe we'll kick it off with Q&A, have people have their say, and then we can do our interview and all that. But my goal overall is to just make it a good time. I think people, if you're going to go out on a Saturday night, you want to have fun. You want to keep it upbeat. There's so much to make fun of.

GLENN: Well, I'm good at that. I'm with you on that. I can be with you all day long on that.

MEGYN: This administration, which has a very healthy sense of humor. And the bizarre attacks. Did you see the Bradley Whitford thing on The View just yesterday saying, there are internment camps going on right now in the United States. Are there?

Really?

GLENN: What!

MEGYN: He played a political hack on the West Wing.

And now, ever since, he's kind of like Yul Brynner in the King & I.

Remember when he had really started asking the king, he thought what he really was. That's what happened with Bradley Whitford. Martin Sheen too, who played the president in that same series. Now they've both gone so hard-core left. And saying all the worst rumors you hear from your great, great granddad on, you know, Facebook are true.

The internment camps across the United States, where?

Where specifically, Bradley? Walk me through it.

GLENN: Can you help me out on Ketanji Brown Jackson yesterday? I think she said that blacks are mentally handicapped or maybe physically handicapped. But she compared the Voting Rights Act with the ADA. What kind of -- how low can they go in insulting black Americans before black Americans are like, okay, come on!

MEGYN: No, it was unbelievable. If one of the white justices had said that, it would be on the cover of every magazine, the top of every newspaper. The fact that I guess she's black and a woman, they give her a pass.

She actually tried to say that we need ongoing scrutiny of all voting schemes in America, because blacks are like people with disabilities, with basically no rights. Because she was saying, when we passed the American with Disabilities Act, we had no requirements that building the handicap accessible. And that's basically the position of blacks in America in 2025. There must be a national mandate requiring them.

GLENN: How do you build a building so it's black accessible?

Because I think they already are. What -- what kind of special ramps are needed to be built here? I don't understand.

MEGYN: Yeah. Do our black friends know that they can't just walk right into the buildings. I'm not sure I'm aware of that. Or is it just Ketanji?

How did she walk into the US Supreme Court to make the point that blacks are not equal, and being permanently disabled, as she puts on her robe, to take one of nine seats.

GLENN: It's just crazy. Just crazy on that.

And then, you know, we have the shutdown which is completely bizarre, the way the Democrats are trying to do this. And I think they're holding it closed now, because of the no kings rally. They want the big no kings thing.

Is that violent, or how is that going to turn out this weekend?

MEGYN: Did you see the Trump tweet saying, I'm so relieved. Thank you so much to the no kings crowd. I thought somebody was trying to become king. But thanks to you, I remain the president.

I appreciate it. He's a master troller. You know, they did this in June, with all of the same numbers. And nothing happened. No one cared.

Didn't really get a lot of press. And that's exactly what will happen this time.

One thing I found interesting, about the no kings media promo they're doing. One of the groups that's helping is the human rights campaign. And of course this is like an LGBTQ anti-pride group. Used to be more about gay rights. And now it's gone completely trans. And this is the group, that gives everybody their score. You know, their DEI score.

GLENN: Oh, yeah. That's right.

MEGYN: The math is totally off. You're actively out there protesting against the president, and we're still going to have anyone in corporate America, pretend that you're just an impartial arbiter, that is worried about a civil rights issue? As you're out there marching against the sitting president, with -- with people like Bradley Whitford, who are in internment camps. I mean, the mask is completely off.

They've already been defanged, thanks to Trump. And his active pushes through executive or his. And de I agenda. That's what's going to be there. The move on crew.

GLENN: How long does this go on? How long do we need the government and control of the government before it's crushed, the spirit of this is crushed? I know people will always believe some of the craziness of this stuff. But this -- the whole delusion that we were all living under for a long time. It seems to be over. Or at least dying. How long before it's dead?

MEGYN: Yeah. We need two terms with J.D. Vance, post Trump.

GLENN: That's exactly what Trump said.

MEGYN: Yeah. We can't -- and as much a miracle worker as Trump is. He can't get it done in four years. And we've learned from him how to do it.

And that's working. Just yesterday, there was a headline about is yet another hospital. This one in Boston. Shutting down the puberty blockers and cross sex hormones for anyone under age 19. Because Trump is defunding these hospitals that continue to provide that.

It's amazing. He did that via executive order.

So going three years without those so-called services. Is great. But if you go an extra eight on top of that, without them doing this, and then we see the difference in our youth, we're growing out of their gender dysphoria, just one example.

The case will be so much stronger for never bringing this barbarism, back again. And same with DEI. That's dying a fast death. Every day, you open the paper. And you see more stories. Sob stories on the left. About another DEI program that's been eliminated. And now these people have nothing to do with their useless degree that they got from Brown University or NYU or Harvard. So if we have another, let's say, three plus eight, and we go 11 years without people getting hired for these roles. The programs get eliminated at the universities.

No one wants to major in something that is not salable, after the fact. So if that's the case, and Trump has gotten us a jump-start on it all.

Yeah, it could be done in '28.

STU: I think you're referring to the numbers that we were just discussing. That there does seem to be a falloff. A decrease since 2023 of people who are identifying as, you know, LGBTQQIA2+. Is this a sign that it was a social contagion?

And you think the dropoff is real, or just a temporary thing.

MEGYN: Well, first, I think we have to give a shout-out to Justin Trudeau for leading the way and dating Katy Perry, abandoning his earlier, obvious confusion.

GLENN: That lesbian love that he's got. I didn't know that he's lesbian.

MEGYN: Exactly. I mean, honestly, I can't think of a man on earth, I would rather sleep with less than Justin Trudeau. Sorry!

GLENN: I'm -- you know what, I'm with you on that, and Katy Perry too. I'm like, Katy Perry is not somebody -- no, thank you!

MEGYN: I mean, obviously she's the dominant one in that relationship.

GLENN: Yeah.

MEGYN: But, yeah, no, that was great news. But it's -- when I was in Portugal. I was so encouraged, of course. Because I love to see those numbers fall. Absolutely awful, what we've been doing to children.

GLENN: Yes.

MEGYN: But I also feel so sad for the ones who got sucked in. You know, I got sucked into trends where we wore V-neck sweaters and long pearls that we tied in a knot. These kids are getting sucked into trends where they're having double mastectomies or huge portions of their forearm cut out and try to be built into a fake phallic. And they will never have sexual enjoyment. Never have sexual function. They will live the rest of their lives deformed. And obviously manipulated hormonally, where you can tell what they've done with the voice and so on.

And, you know, I just can't imagine.

The vast majority of them are sterile. They can never have children. These girls can never breast-feed.

GLENN: It's crazy.

MEGYN: They're confused if they wind up ever having them. So it's like great. Well-done, Democrats and barbaric doctors and hospitals. You've got a bunch of money. You worked out your woke bona fide on a bunch of 16-year-olds who will now have to walk around with the scars of your practice. You decided to practice on them, for the rest of their lives.

The only solution here is massive lawsuits. Huge, devastating lawsuits against the people who did this.

GLENN: I have to tell you, I'm watching Canada, what's happening with MAID up in Canada. And it's become barbaric up there.

We are probably five more years of, you know, full, you know, just full sprint out, the way we were going. Maximum ten, before we were in really, really scary, you know, 1930s kind of territory.

I -- I think there will come a time, where people, hopefully, that history books will -- you know, we will see these shows, where all of these and their people, and everything else. And it was all this woke stuff. This time period, will be just this weird time capsule. That people will look back and be like, what the hell happened to society?

What the hell were people thinking?

MEGYN: You're so right, Glenn. Ten years ago, people would ask that question. What will we look back that we're doing now? In a way we look back at lobotomizing people and say, that's horrible?

The conventional wisdom, ten, 15 years ago. Was the way we treat animals, like the slaughter of animals for human consumption.

GLENN: Yeah.

MEGYN: Boy, has that changed. I mean, in just a short amount of time, it switched to the mutilation of healthy children. For what?

At the hands of their own parents, who are working out their mental issues, on their children!

It's like -- and maybe they don't know, because the left doesn't tell them. Read about this in the New York Times. That 90 plus percent of these children will grow out of any gender confusion.

GLENN: But you have every doctor.

You have every doctor, you can go to, saying, you will kill your child, if you don't -- and there's a lot of people that are just -- they don't what an to do. They don't know what to do.

MEGYN: I know. And on top of that. The same doctors are saying, the child will kill themselves, unless we let them do this.

And you seek out a doctor, just for your child to have individual consultations with. And they're being told by all the medical societies, the only proper standard is to affirm, you may not explore any other mental issue with the child claiming German Shepherd confusion. So these psychologists and psychiatrists have their hands tied now by their licensing organizations.

We just have to go up to the Supreme Court, out of Colorado, where we tried to actually pass a law.

They did, pass a law. Saying, you may not say anything other than affirm. I affirm. I affirm.

We're making it known, a violation of law, for I to try to explore, whether the kid really is gender confused.

You have to affirm his delusion, or you committed, quote, conversion therapy on him. That law is going to get struck down.

STU: It is.

GLENN: It actually could be a nine-zero ruling. But, I mean, that's how crazy we've gotten in our stories. I think you mentioned this, Glenn, in the past five years, we've lost our mind on race and gender.

I think the tide has turned more dramatically on race, and as on the gender mania. That's an example of that.

But it has -- I feel that it's happening.

GLENN: I do too. I do too.

Megyn, thank you so much.

Megyn and I will be together on the Dick ease arena, next Saturday on the 25th of October.

You can get tickets at MegynKelly.com.

Glenn Beck’s EMOTIONAL & HEATED TPUSA Campus Speech | Glenn TV | Ep 462

A few weeks before Charlie Kirk’s assassination, he asked Glenn Beck to join him on one of his Turning Point USA campus tours. Glenn agreed, but with one caveat: “I do not want to debate college students.” The terms were set: Glenn would educate about the truth of America’s history, while Charlie would debate. Then, everything changed on September 10, 2025. Despite the loss of one of America’s greatest political and spiritual giants, the American Comeback Tour didn’t stop at Utah Valley University. Friends like Glenn, Tucker Carlson, Megyn Kelly, Michael Knowles, Allie Beth Stuckey, and Vice President JD Vance agreed to pick up Charlie’s torch to inspire the next generation of conservatives on college campuses. On October 9, Glenn delivered a powerful rallying cry to the students at North Dakota University. In this episode of Glenn TV, we bring you the best of his raw personal testimony. From his battles with addiction to discovering faith and purpose, Glenn shares transformative life principles drawn from his career journey. He also showcases priceless historical artifacts that challenge mainstream narratives about America’s complex legacy of good and evil. And he debuts a trailer for “George AI” — a groundbreaking AI tool he’s been quietly developing for a launch in 2026. Finally, Glenn takes heated questions from students about Israel, AIPAC, and October 7. All for Christ. For Country. For Charlie.

Watch Glenn's full TPUSA speech and Q&A HERE

I learned A LOT at Charlie Kirk's Medal of Freedom ceremony...

Glenn Beck attended the White House’s Medal of Freedom ceremony for Charlie Kirk and learned a lot. Glenn shares stories about President Trump, Erika Kirk, Marco Rubio, and others…

Transcript

Below is a rush transcript that may contain errors

GLENN: I have to tell you, I mean, listen to my voice. I'm tired from it.

The President went over on Sunday, conducted all of that business, got back on Air Force One, flew all the way back. He -- he said he flew back because he needed to do this on Charlie's birthday. He said he was going to delay it. And then he realized, "Oh. It's Charlie's birthday. Have to be down on his birthday." So flew all the way back. You know how much sheep he had in the 36 hours? Zero. Everybody else on the plane had about an hour and a half. Because if you're working for the President when he's up, you're up.

And they were zombies. Everybody was zombies. And he was -- I don't know how this guy does it. I mean, he doesn't take any drugs. He doesn't take -- you know, no -- nothing nonnatural goes into this guy's body.

STU: I mean, there's certain products at McDonald's, that do go down --

GLENN: Yes. You're right.

Okay. You're right. I can't say that. No stimulants go in his body.

STU: I don't know who RFK Jr is. Considering he see not drink.

He see not --

GLENN: Does not take drugs.

STU: He's very much against those stuff.

GLENN: Yeah, very much. Just good genetics, I think. The guy does not sleep. He just doesn't sleep.

STU: Is that concerning for long-term health? I mean, I guess --

GLENN: For everybody else. But he's been this way his whole life, I mean, this is the way he's operated his whole life. I don't think so. It's just the way he is. He doesn't need very much sleep.

The guy is changing the world. I mean, you remember we were watching -- we were watching when he arrived in Egypt. And I said, "I've never seen this before."

I'll have to narrow this down for you. Because I say this several times a day now.

When the world leaders get together, they stand on the stage and get one shot. Once in a while, they'll stand on stage, as they're assembling. And they'll talk amongst themselves. But I've never seen a photo line with world leaders, to take a picture one on one with the president. Okay?

Never seen that in my life. Okay?

That's what was happening on Monday. In Egypt!

He was two hours late. Okay?

And apparently, and I'm not going to divulge too. Apparently, one person was upset. And was like, I'm not waiting around for this.

Yet, they waited around for it.

And they lined up. Even the king of Saudi Arabia was in the line, waiting in the line for 30 minutes.

While he took photos with all of the leaders around the world.

They are treating him -- I mean, he's changed the world. The guy knows how to use power.

It's my understanding from conversations that I had piecing some things together. It's my understanding, Vladimir Putin has changed with him too.

Even Putin has known -- noticed, this is the guy who is kind of steering the world and is more deferential to Donald Trump.

And I hope that's true. I hope that begins to play out with Ukraine.

STU: It's quite key to understand who you're speaking with, right?

It's not always about what you want to say and what you want. It's about what the other person wants and what they understand.

Someone made the point that Donald Trump speaks Arabic better than any native speaker. And I thought that was an interesting comment.

It's like, you know, it is a -- he -- he seems to be able to communicate to the leaders in that part of the world.

GLENN: They understand strength.

STU: They understand it, yeah.

And they react to it.

GLENN: Uh-huh.

STU: And I think they don't see him as a -- a passing -- like, oh, he's here. But just wait him out.

They don't think he's going to change or fold on this stuff.

GLENN: And they think he's changing the world. And everybody who follows him, is going to follow in these footsteps.

They don't think, this is just, he has got three more years left, and then Kamala comes back. They don't think that --
STU: They think it's changed for good?
GLENN: They think it's changed for good. I believe they think J.D. Vance is going to be the next president. And I think so too.

I mean --

STU: Certainly, the favorite of the Republican Party, obviously.

GLENN: Yeah. He's -- he's killing it.

But then again, I saw Marco Rubio yesterday. He listens to the show. And his wife listens to every word of the show. And I said, "I hope you've noticed that we really like what Marco is doing."

I mean, the guy is -- and I said to him. I said, "Marco, what happened?"

And he's like, "What?" I said, "You know, we've always been a fan of yours. I mean, we interviewed him for the first time." You remember the first time we interviewed him for president, the very first time, and we all got into a car. You, me, and Pat, we did a video. We were like, "This guy is amazing. He's great."

STU: Really liked him.

GLENN: And then he got into the Senate and was kind of, I don't know, hard to pin down. I don't know what happened to him. And he immediately said, "It's the president."

I said, "Eh, the president is leading, yes. But there's a change in you. You are just killing it. Killing it."

STU: Should we join in here for one quick side bar of the current odds to win the presidential election at 2028.

Okay. So first -- first place, this is according to Kalshi. 32 percent chance, J.D. Vance. Second place, 21 percent chance, Gavin Newsom.

GLENN: Oh, my gosh.

STU: Third place -- I mean, again, this is prediction markets, what people believe will happen. This is not an official poll or anything.

Third place, 7 percent, Alexandria Ocasio-Cortez.

GLENN: In third place.

STU: In third place. Comically, fourth place is also 7 percent actually is Donald J. Trump. You may have heard him. Currently president of the United States. And that would be -- that would be an interesting Constitutional amendment for that to occur for that to happen.

GLENN: It would be. It would be.

STU: Then you have Pete Buttigieg. Marco Rubio at 4 percent. Josh Shapiro. Kamala Harris. Wes Moore, Maryland. Gretchen Whitmer, Michigan. Andy Beshear, Kentucky.

GLENN: Okay, so it's way too early. It's way too early.

STU: Three percent. Glenn Youngkin, 2 percent.

GLENN: Oh, I'm sorry.

Glenn Youngkin. I thought you were saying Glenn Beck. Because then that would start to make sense. Everyone putting their money down is insane!

STU: Yeah, again, I would not be betting on that market now.

GLENN: No, I would not. But, I mean, he is -- he is on top of it.

And honestly, we're going need to somebody who operates like Donald Trump and can keep the republic. Keep the republic. Keep the Constitution.

Because we're going to head for some really, very difficult times. Very difficult times. But, anyway, back to the Charlie Kirk thing. It was very, very nice.

Erika is, you know, really gaining her voice. Only towards the end was she really kind of breaking down, but she was very good. The president was so gracious yesterday with everybody.

I mean, he is really an amazing man. But it is funny, because I have a picture of the two of us be by the Oval. Outside of the Oval. You open up the Oval Office door and you walk out, yeah, there it is.

Yeah. I have a picture of us. And he is right there, he's pointing to the Rose Garden. And I said, "You know, the worst thing that I think anybody has done to a First Lady was done to Melania."

I said, "They did so many bad things. But one of them is this Rose Garden." I said, "If I'm not mistaken, she just took Jackie O's exact plans and redid them."

And he said, "Yes. Yes!"

I said, "I can't believe how dishonest the press is. They just want to destroy you, and they'll go after your wife on that."

It's restoring the Jackie O plan!

And in their press coverage, they were like, "This is offensive. Jackie O would be..."

No, she would be happy that it was her plan.

Anyway, he said, "Yeah, I'm going to pave over this."

And I'm like, "Oh, my gosh, you're going to what?" And he said, "No, they're going to be nice pavers, but, you know, I'm going to pave over this." And he said, "Because it's useless." He said, "It's grass." So women come and they stand and they're on their heels, and they're sinking into the grass. It's usually wet." He said, "We need to be able to hold events out there." And he said, "And it would be beautiful, beyond anything like anybody has ever seen."

So he starts yesterday and he comes out. And he said, "This is the first time" -- he said, "I just put these pavers down."

And he said, "This is the first event in the Rose Garden with these pavers."

And it's absolutely beautiful. It's got flags on the corner. They have these special flags made. It's really, really -- it's beautiful. All the press was tanged in the back. And I haven't heard word one from the press on this. Not word one. Have you heard anything about what he's done with the Rose Garden?

STU: No. I did see some plans. Are these accurate plans where they will build another giant building on the property? Is that --

GLENN: Oh, that -- yeah. He's doing that.

STU: Is that going to happen?

GLENN: He's paying for it all, he's doing it all. It's a big ballroom.

He's like, "The country needs a ballroom." You know, "We have these state dinners." He said, "We put them on the grass." He said, "We need a ballroom."

And he said, "Tax payers don't want to pay for a ballroom, I'll pay for it."

So he's building it, and it will be done.

He said, by 2026. You know, some time early spring 2026. I'll believe it when I see it. But he tends to get things done quickly.

STU: Yeah. Sure.

GLENN: But the one thing I noticed was the security perimeter of the White House is astounding! It's at least doubled. Now you don't go into that park. You can go into the park. But you can only go in certain places in the park. But I think they're moving the perimeter, the security perimeter, at least a block around it. All the way around.

STU: Perfect sense, obviously with this environment.

GLENN: It was the first time I've seen the president in many months, outside without bulletproof glass between us.

I mean, he -- he stood outside, you know, trees in the area. Buildings in the area. And he was safe, outside. And it must be weird to live in that kind of bubble. But it was amazing. It was amazing.

They're really doing a good job. And the entire ceremony, the guy just knows, and he's just a showman. He just knows how to do things like this.

Except, somebody had hijacked. I mean, I think he had hijacked the music. Like ten minutes before he came out. It's like Abba, Dancing Queen, was playing. In the Rose Garden.

It was a little -- but then it stopped. And you could tell just -- you could tell when he actually picked. And I can guarantee you, he picked it.

And I was in -- remember I told you last time I was in the White House. I told you, he had selected all of these paintings of all of the presidents. And he put them strategically.

And when I was with him last, he said, I don't know what to do with this guy. And he had in the hallway kind of stuffed in the corner of the residence. The painting of Eisenhower.

And I said, "Eisenhower was the one who warned about everything you're dealing with right now."

I said, "Go back and read the industrial, you know, military-industrial complex speech. He talks about education and science and everything else."

I said, "He should be in your walk."

Because he said, "I put all of the paintings down strategically, so when I turn a corner, I see a face of somebody that reminds me, learn. Don't forget the lesson from him."

STU: Hmm.

GLENN: Now, you come down from out of the residence, and you turn that first corner, and he's moved the picture of Eisenhower. So the first president that he sees, as he comes down the stairs is Eisenhower. It's pretty cool.

STU: It's interesting. Do you think people see Donald Trump as a guy who thinks that way?

GLENN: No. But that's what they miss. That's what they miss.

He's -- he's really strategic in everything he does. I mean, he -- he -- he really knows, choose your thoughts. And so he's always -- you come down the stairs. And he's looking at Abraham Lincoln.

He turns that corner. And he's now looking at -- at -- at Eisenhower.

Every time he turns a corner, there is a Ronald Reagan, you know, there's George Washington.

He's always turning the corners, and looking at people to remind him. He -- he is a very thoughtful guy. Really thoughtful. Because he knows, choose your thoughts.

And that will -- and that will move your life forward in that direction.

STU: Seems to have a more complete understanding of history, now. Too. Would you say that the second term?

GLENN: Oh, my gosh.

STU: He went into that first term, obviously like -- you didn't even know at that point.

GLENN: No, his learning curve is almost straight up. The guy doesn't sleep.

So I was talking to I think Master Crowley. And she said that -- she walked in, in the middle of the night. Everybody is -- everybody is trying to get some shut eye. And she said, "He's in his office with stacks of books and papers. And he's just digesting all of this stuff." She said, "He's up all night just reading and getting stuff done."

It's remarkable.