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.

Is Europe’s Future ALREADY Decided... Or is a Civil War Coming?

Europe’s future isn’t being shaped by politics or ideology... it’s being shaped by math. Glenn Beck and UK insider Peter McIlvenna break down the explosive demographic shift transforming Britain and Europe, where Muslim population growth has surged 111% in 15 years while native birthrates continue to collapse. The result is a predictable, unstoppable replacement of cultural and political power, created not by conquest but by birthrates and the West’s loss of confidence in its own heritage. And the same demographic pattern is now emerging in the United States.

Sharia Courts & Demographic Takeover - America's Growing Problem with Political Islam

Political Islam is expanding into the West through demographic pressure, parallel legal systems, exclusive community structures, and a belief that Western nations are too naïve to stop it — and Glenn Beck breaks down the evidence. From Marco Rubio’s warning that Islamic political movements openly seek dominance over the United States, to a Texas developer boasting about “manipulating kafirs,” to archived footage of imams defending Sharia punishments on American soil, the signs are no longer subtle. Many Muslims reject political Islam and flee from these systems — but by ignoring what is happening in our own backyard, America risks repeating Europe’s collapse. The question isn’t whether Political Islam exists; it’s whether we’re willing to confront what it demands.

Transcript

Below is a rush transcript that may contain errors

GLENN: Let me start first. Interview yesterday with Sean Hannity. Here's Rubio, talking about the dangers of radicalized Islam.

VOICE: Ultimately, armed radical Islamic movements in the world, identify the West at large, but the United States in particular, as the greatest evil on earth. And every chance they have -- the notion that somehow radical Islam would be comfortable with simple controls and progress in Iraq and Syria is not born out by history.

Radical Islam has shown that their desire is not simply to occupy one part of the world and be happy with their own little caliphate. They want to expand. It's revolutionary in its nature. It seeks to expand and control more territories and more people. And radical Islam has designs openly on the West, on the United States, on Europe. We've seen that for the rest there as well, and they are prepared to conduct acts of terrorism. In the case of Iran, nation state actions, assassinations, murders, you name it.

Whatever it takes for them to gain their influence, and ultimately, their domination in different cultures and societies.

That's a clear and eminent threat to the world and to the broader west, especially to the United States who they identify as the chief source of evil on the planet. Okay?

The reason why they hate the kingdom of Saudi Arabia, the leadership of the UAE and Bahrain, is because they've allowed the United States to partner with them. That's why they hate them. They consider them infidels for it. They hate Israel.

But they also hate America. And they hate anyone in the world, that we have influence, they seek to attack, including here in the homeland.

If you look at the domestic terrorists, the attacks that have happened here domestically, the overwhelming majority of them have been inspired by radical Islamic viewpoints. That includes the shooting in the Pulse Night Club in Orlando, Florida. That includes the Saudi pilot in Pensacola, my home state. Two attacks.

GLENN: Okay.

So I -- I would like to propose we stop calling it radical Islam. Because it's not radical Islam. It's political Islam. There is religious Islam, and I know a lot of religious Muslims that are good people. Okay? I don't put them in the same category because I don't want Sharia law.

That's political Islam. It's not radical. It's what happens all over the world.

It's not radical, it's political.

You remember, if you're my age. When the wall came down. And we finally got to converse with Russians.

And we always thought -- me growing up. I always thought the Russians.

It's Vladimir. Vladimir. Look, he's spying.

Natasha. He's spying.

Okay. That's what we thought when we were kids.

That's not who the Russians were. The Russians were good people. They were decent people.

They wanted the same kind of things we wanted. We don't agree on everything.

They want to be left alone. Raise their kids. Have a chance at some success and retirement.

Just leave me alone.

Most of us are like that. What happens is, our politicians get in the way. The politicians. The political systems are the ones that are the problem. We don't call it radicalized communism.
It's communism. Okay? It's a political philosophy.
This is a political philosophy.

Political Islam -- it's not radical.

It's just a political philosophy, and that political philosophy, just like communism, wants to dominate the world. Unlike communism, political Islam is so incredibly arrogant. It's inevitable to them. Why? Birthrates.

That's why! Birthrates. And they think we're stupid. And, you know what, so do I! I think we're stupid too. Come on, man. Right? Are we not stupid? We look over at Europe. Are the grand Europeans, that colonized the whole world and are abusing everyone, because they're so sophisticated and so powerful, and everything else. Really are they?

Because look at how dumb they are being right now with their own countries in Europe. They're committing suicide. And so are we.

Now, there's this development that is happening in Texas. Let me -- let me give you an interview, a piece of an interview done by a Muslim developer, of Muslim communities, and -- and how -- and how it actually works.

Listen to these 35 seconds of this interview.

VOICE: The way -- like, you can't make it exclusive, like non-Muslims are not allowed. What we're doing, there's something called a secession fee. I don't know what it's called in Dubai. Like your maintenance fee -- the service fee, to cut the grass, to remove the snow, and whatnot. So that service fee will put that 75 percent of the service fee you're paying, close to (another language).

VOICE: Automatically, if you are a practicing Christian, I would advise you, why help the Muslims? You know. They do their own thing.

Right? So this is the way we're going to put the costs, and our attorney already put it in there.

GLENN: This is the way they manipulate the kafirs. The kafirs are you. The non-Muslim people. The infidels.

And they -- they are manipulating. Because, ha, ha, ha. And why would you do that? That's how they make it an exclusive Muslim community. Okay. And what do you get in those Muslim communities? I want to take you back to 2015.
I had been in Irving, Texas. My studios are in Irving, Texas. And I had been there for maybe three years. And it is the most diverse ZIP code in all of America. Which is a great thing. Except, it's also becoming very, very Islamic.

And that is totally fine, as long as we're not talking political Islam.

Unfortunately, we are. And the religion teaches that you can lie, to an infidel. You can lie if it helps Islam.

Okay.

So I had a couple of imams from the Dallas area, come in, from -- from, you know, where all of this is happening. And I just -- I sat them down. And we just had a great conversation.

I want you to listen to this, what finally came out of the mouth of one of the imams. Listen to this.

VOICE: I'm here. I'm sorry to say, back to the first point. I'm here to discuss an issue with the Islamic Tribunal.

So please, don't -- allow us to have a situation. Maybe, we are ready for any discussion.

VOICE: No. I know that.

VOICE: We are ready for any point to lead the discussion. But the main point here, we are -- the reason we are here to discuss this issue. What kind of cases, Islam tribunal have.

And we start with the Sharia.

And why the people are afraid from Sharia.

I'm sorry to say, at one point related to this.

It's not just in Sharia law. Not just in Islamic law. It's everywhere.

Who said that just in Islamic law?

That's even Sharia, in Jewish Sharia, in Christian Sharia. In America here, we cut -- we -- we -- we cut it for some reason. So I'm asking you an easy question.

If anyone kill another, he should have got killed by a law, by Islamic law, by -- by -- by governor. By -- he should have got killed.

What is wrong with that?

If a thief, jump to go back house. Scare your wife. Scare your children. Scare your neighbor.

And they did that with our stores, this is the law. The law to cut his head.

Because if he feels my hands were cut because of that. He will think about this 100 times. He will never do it.

And if you do that one time, they will never do it again.

Look at how many millions of dollars Americans here or other states or other -- outside has been for the -- to keep, the criminal in -- in jail. A lot of millions of -- we can see that just -- that's it. Because he did something good in the whole community. And they scare the whole community.

Why not. Back please to the point. Islamic tribunal.

Yes. We never deal with anything of that. We don't have authority for that. We don't have power for that.

GLENN: But you're okay. You seem to be okay with that. If you had the power for that happen.

No. You don't --

JASON: Absolutely not. Absolutely not. We -- as imam said, we have system. We are very organized people.

GLENN: Right.

VOICE: Sorry, for this example. Somebody can -- might add. I should have killed him.

GLENN: Right.

VOICE: I had to take this case to the judge, and the judge have to -- to the governor. There's a system, a procedure, that I have to follow.

So it's not like this -- this guy gets killed. No, no. We have -- I -- I give you just an easy example for leader. This is after prophet Mohammed, peace be upon him. He sent one to Yemen. And he told him, before he leaves, he ask him, almost as a habit. What did you do if the people bring a thief for you?

He said, I will cut his hand. Okay. He said, you do that. Okay. He said, after -- after -- he said, okay. If one person came with me, without work, and I blew it. And I blew it. I will cut your head. Because he has no job. So he -- if you run from the sword or grab something from here, to eat. Nothing happened to you. So but if you have your job and enough income, and you took -- a bunch of children and you have house and you have car. And you -- or a thief from here or there. So this is the law. Not to please, the point with Sharia. I ask people. We are not here to do that at all.

It is not our authority. It's not our power. It's not our job. We have --

GLENN: You've got to stop. You've got to stop. Okay. This is amazing to me. Because you hear how passionate he is, about how logical that is. Okay? I mean, you just have to do it, it just makes sense to everybody, we just cut your hands off.

And the Prophet Muhammad, peace upon him, and he he's preached this forever. I mean, it just works. It just works.

Of course, we wouldn't want to do that. But it just works. I mean, let me tell you about it again. Really?

Really? You don't want that to happen. Because you're in the United States, but you're cool with it everywhere else. Everywhere else.

But here it's different!

But my religion, which requires me to say, peace upon him, after I mention the prophet Muhammad, my religion, which is extraordinarily well-defined.

It has these raise. In political Islam.

That must be done. Because the Koran requires it, in political Islam.

But we're not going -- yeah. We've got our own little laws going on now.

We have our courts.

Who we're never going to go that far. Wait. Wait. You believe in political Islam? Of course I do. But you're not going to do it?

Of course not. But the Koran commands you to do it?

Of course it does.

You follow every dictate in the Koran? Of course I do.

But not that one? Come on. Come on. Does anybody really believe that?

Now, that does not mean Muslims believe that. Many do. Many do not. The ones who do not are the ones who have lived under it, and have escaped here. And want a different kind of Islam.

And by just turning a blind eye to this, because they know how it happens. They saw it in their company. They don't want it happening here.

You know, we just take care of things like marriages. Oh, so when a guy says, I divorce you. I divorce you. I divorce you. You're divorced, and she loses everything. Oh, you mean the kind, if she wants to testify against her husband on adultery, she has to have two witnesses, plus her, because her voice and one other person as a witness does not equal him, because she's not equal to a man. Oh. Okay. All right.

But you have that one. And that's okay. No. It's not okay. It's not okay.

It shouldn't be okay in any western country, period. Should not be okay.

Unfortunately, we're all turning a blind eye to it.

Breaking the chains of deception: Embracing true liberation

Modern society repeats the phrase “the truth shall set you free” without understanding the warning behind it. Freedom is impossible when a person is bound by hidden lies, self-deception, and the silent chains of sin that shape the heart. Cultures built on illusions collapse into confusion, and individuals who let lies define their identity become easily manipulated by fear, shame, and control. True liberation begins the moment illusions die — when the masks fall and reality is seen as it truly is. Truth is not a concept to invent or a philosophy to debate, but a Person who exposes darkness, breaks spiritual bondage, and empowers ordinary people to stand unshaken before the powers that depend on keeping them confused. This is the freedom that terrifies tyrants and transforms nations: the freedom of someone who has encountered Truth Himself and can no longer be enslaved by deception.

Transcript

Below is a rush transcript that may contain errors

GLENN: So yesterday, I was at church.
And somebody said something along the truth will set you free. And I thought, I -- I don't even know what the truth even is anymore.

You know, the truth will set you tree. I mean, it's been reduced to a bumper sticker. You know, a slogan we stitch on the pillows or hang on our walls with a little kitty cat. "Hang in there. Truth will set you free." Truth will set you free. Jesus spoke those word the first time. And he was issuing a warning. He wasn't comforting. He was confronting people. He spoke those words to people who believed, absolutely believed that they were already free. Let me ask you this: Are you free?

Most Americans, most people in the West will say, yes!

Yes!

Children of Abraham, keepers of tradition, moral guardians of our age, you're not free.

You're not free. Because when -- when Jesus was talking to those moral guardians of his age. He was saying it to them: You're not free! You're slaves, and you don't even know it.

This is the tragedy of the human condition. We are -- once you lose -- once you lose the narrative of where these things came from, you no longer understand what the words even mean. Okay?
Our chains are not chains that rattle. Okay?

It's not the same kind of chain. But it is a chain in every way there is a chain. Ours are quiet. They're internal. They're self-forged most of them.

But because they're invisible, we treat the bond that come we're in, like normal life. Christ, when he said those words, he named that bondage plainly. I want you to listen to this. Because I just want you to hear. We're all struggling. Glenn, how do you know it's true?

I don't know. I don't know.

I -- I -- I ask that question all the time.
How do I know what's true and what's not?

I don't know! But it is my job to find it. And sometimes I find it, sometimes I don't.

But every day, I struggle with it. But that's not the truth.

The truth shall set you free. It's not politics. It's not Rome. It's not Washington. It's not your circumstance.

It's sin. The unyielding gravitational pull inside of all of our hearts that just banged us away from what's true. What's holy. What's sacred.

When -- when Jesus was saying this, he named the jailer. Lies!

Okay. Lies about what?

Lies about who we are. Who are you?

Once you answer that, and maybe this comes before answering that, why are you here? Who sent you?

What difference does your life make? Do you have a soul?

Who are you? Lies to you every day about what matters the most. Lies about what or who will save us.

Whole civilizations are built. Ours included are built on lies, because lies are comforting.

Rome, remember, promised peace. They were crucifying people by the thousands. And yet, they were the ones saying peace!

The enlightenment promised perfect human reason. You can't have perfect human reason and ignore the broken human heart. You can't!

Our hearts are all broken. We don't even recognize it anymore. We're so empty. We're so lost. And we're all struggling, for what is true. How do I know? I've got to follow that guy. I've got to listen to that guy.

You're an enemy. What are you talking about? You don't even get to know what truth is.

Because we live in a time right now, where we're promising ourselves the truth is whatever we feel right now, whatever I deem the truth is.

You don't believe in the truth, then you're an enemy. But if truth is subjective, then freedom is an illusion.

And freedom is only an illusion when lies root our world.

Because every lie is a leash. And the moment you believe it, we hand that leash to somebody else, some other power to pull it.

So -- so what is Jesus even meaning, when he says, the truth will set you free?

And this is so important, because if you understand this truth, everything else falls into place. It will take you a while. But it will.

He's saying this: Freedom begins the minute your illusions die.

The moment the masks are ripped off.

The moment you stop defending that lie, that keeps you comfortable!

Look, I'm a recovering alcoholic. Do you know what the hardest part was? First part was to admit that I was an alcoholic. And I had a problem. Because the alcoholics are a wino. They're living in the treat. That's not true. That's not true. That's a lie I told myself, to stop me from stopping drinking.

I'm not an alcoholic. Because that's what an alcoholic is. That's a lie. An alcoholic is whatever you are, if you're drinking, and you stop.

And then when I had to put my life back together, because first just admit the problem. Then look at the problem. Then admit you're powerless over it.

Then just vomit it all out. Get all those lies out of you. And the minute you start vomiting those lies out, you're like, there's nothing left.
Because my whole life is built on that lie.

The moment you stop pretending that the prison cell is actually a sanctuary, you're free!

I know I've lived it.

But it doesn't help you necessarily know what's true in politics and everything else. It just gives you perspective. And that's what we've lost.

This is the part we forget.

Truth is not an idea. Truth is not a philosophy. Truth is a person. I am the truth. Not I carry the truth. Not I teach the truth.

I am the truth. That's what he says. Which means the truth is not something you discover like a treasure in the dirt.

It is someone you meet. And when you finally meat him, you begin to see reality as it actually is.

And everything else that you thought was important, is -- you realize, that's a lie. None of that is important.

And believe me, when that happens, you become very dangerous.

Not to society. Not to your neighbors. But to tyrants.

To liars. To manipulators.

Anyone who depends on keeping you confused. Ashamed, and afraid.

You have total freedom. And you scare the living batcrap out of them!

Because the man who has met truth, cannot be blackmailed by lies. Why do you think tyrants need to stop religion first?
They couch this every single time. And, well, it's religion that's keeping you down!

No. It's not. Not if you are following the truth! Him! Because he frees you from those lies! And when you're freed from those lies, you know what to stand up for.

You know the big right and wrongs. You may not know the policies. But you know the big ones.

And you can't be intimidated by a threat. You can't be enslaved by shame.

You have nothing left to hide. Nothing left to prove.

Nothing left to fear. That's freedom. Not, I can go out and say things and not be offended.

No!

Freedom to become who you were really, truly made to be.

A person no longer owned by sin.

Somebody who is no longer defined by the past. Imagine how we would change the world, right now.

If I said to you, there is a way to get rid of everything that you and your -- and your -- you know, great, great grandfather's ever did.

It's all gone. It's all washed away. Everything you've ever done. It's gone!

And you're no longer trapped behind the walls of your own illusions of time.

You're starting fresh. Think about how many NGOs would no longer be of use!

Think about how many political people would no longer be of use.

Think about all of the lies that are said every day. That you would laugh at.

And you would scare them out of their minds!

Because they would know, you don't fear them at all, because you know they're a lie, and so does everyone else!

The world will offer you self-expression.

Jesus offers liberation!

The world tells you, craft your own truth. Jesus tells you, encounter the truth!

And walk out of the cell, transformed!

That's the freedom worth living for. That's the freedom worth defending with your life.

That's the freedom that scares the pants off of tyrants. You want to know how to know what is true? And what is a lie?

You want to know, being able to decipher truth. If you haven't met the truth, I don't think you're going to be able to. Because you don't know what true freedom is. And there will be still parts of you, that are terribly, terribly afraid.

100% of FAKE Applications Were Approved! - The Obamacare Scandal that MUST Be Prosecuted

A new GAO report reveals that 100% of fake Obamacare applicants—fake names, fake Social Security numbers, even dead people—were approved for taxpayer-funded subsidies, exposing a system so bloated and politically insulated that fraud has become indistinguishable from function. Tens of thousands of phantom identities received coverage, billions were lost through COVID-era credits, and yet no one in Washington is being held accountable. This isn’t a clerical error—it’s a national crisis. When fraud is routine and oversight is nonexistent, the question becomes unavoidable: is this incompetence or a system designed to fail?

Transcript

Below is a rush transcript that may contain errors

GLENN: There is a story going on right now. That -- that shows you what happens when a government grows so massive, so unaccountable, so convinced of its own benevolence. That it can no longer tell the difference between literally the living and the dead.

Now, I want to preface this with I want to give everybody the benefit of the doubt here. But I'm not sure they deserve it.

Let me give you the facts. We now have, in black and white, a new accountability government office report.

It's not some blogger in the basement. You know, this is not me saying it. This is GAO. And it shows that faith people. Phony Social Security numbers. And even the dear departed, were routinely approved for taxpayer funded Obamacare subsidies. Now, I emphasize the word routinely, because what I mean by that is 100 percent of the GAO's fictitious applications were approved.

100 percent!

Every single one that was fake was approved.

Okay?

You could -- honestly, you could have taken a napkin and scribbled the words John Doe. Totally real citizen. Thrown some numbers up for a Social Security number. That you pulled out of a fortune cookie, and the federal government would have said, you've got to send this guy a check.

It says right here, he's a citizen here. They would have sent tens of thousands of dollars to your insurance company to reward the fraud.

Okay? This is not a glitch. This is not a clerical error. This is massive fraud.

Once again. Systemic failure engineered, by design. Protected by politicians and politics.

Funded by your sweat. How long do you have to work every day, to pay for just the fraud?

I mean, it is getting to the point to where it's -- it's obscene.

And honestly, if I don't start seeing people go to jail, I said this -- I will start saying this every day now for the next couple of weeks.
I said at the beginning of the Trump administration.

And when they appointed Pam Bondi, I'm not going to give Pam all the room she needs for a year.

Because you just don't throw prosecutions together. Okay?

But I have seen these investigations going on now, for a year. I have seen these investigations going on in Congress for, what?

Two years! It was happening during their -- the last Trump administration. And it's happening now. I've seen Congress do these investigations. I haven't seen a single person's go to jail. What the hell are you spending my money on? Are you just chasing smoke? Because that's what it seems like, except you keep coming out and saying, oh, my gosh, look at this, look at this. But I never see a name attached to it, and that name also, attached to an indictment.

And I'm sorry. But on the year anniversary, I'm -- I'm going to start coming after Pam Bondi and the DOJ. Because enough is enough. How much time do you need? There's obvious problems here. On multiple fronts. Not just this. And I am really happy to see the DOJ and everybody else, come after, for instance, everybody who was guilty in Minnesota. I want to see jail time. You've taken a billion dollars of the taxpayer's money, and you have just given it away. And in many cases, to terrorists! You've taken literally food out of the mouth of children. You have taken money that was supposed to go for kids with autism. And you've sent it over to Somalia, to Al-Shabaab.

I don't know. I think some people should go to jail.

And I am not happy, if it's just the people who are at the low end.

I want to see the names that excused it, that covered it up. Because you don't get away with a billion dollar heist. And then this is just one. This is just one. You don't get away with these, without protection high above.

Okay?

So let me go back to what the GAO found here. This is not Minnesota. This is another case, okay?

This is Obamacare. Every fake identity submitted in 2024 was approved. Eighteen out of 20 fake people were still getting subsidized coverage the following year. So they got coverage the first year. They still were getting coverage the next year. One Social Security number, just one, was used for the equivalent of 71 years of coverage in one single year.

So they've got coverage that you -- it would take you 71 years to be able to amass. They got it in one year. That's one Social Security number. 66,000 Social Security numbers received subsidies, didn't match a single living person. 66,000.

58,000 matched Social Security death records. So 66,000 didn't exist. 58,000 did exist. But they weren't out dead, God rest their souls. They didn't need health insurance. Okay. Know

There's upwards of 6 million people who aren't actually within the income category that they're claiming credits as if they were in that income category. Yeah. I -- I don't make enough money, so I should get this.

Oh, really? Except, you do make that amount of money. In certain states, there are three to four times as many people enrolled in 100 to 150 percent of the poverty rate in those $0 plans. There's three to four times as many people enrolled in those states that actually exist in those states.
Three to four times. How do you make that error?

How's this happen?

So these COVID credits have just produced upward of 27 to $30 billion in fraud. This is just in Obamacare. That's it! Oh. But this is going to reduce -- this is going to reduce your payments.

No. It didn't. In fact, now it's just pushing us deeper and deeper into debt. Just in a deeper way than we project. This is not about health care. This is about national survival or national suicide. Which do you choose?

This is about a government program that is so unbelievably bloated. So politically insulated. That they become impossible to distinguish fraud from function.

Hmm.

But maybe that's the point.

That possible?