RADIOApril 11, 2023

Financial expert ANSWERS: Should you pay off your debt NOW?

Carol Roth, financial expert and author of ‘You Will Own Nothing,’ joins Glenn to discuss what our economy could be facing next. We may soon experience ‘inflation like you can’t believe,’ Glenn says, so is NOW the time to pay off all your debt? Roth, who does not provide financial advice but rather gives the information you need to make your own, informed decisions, explains why paying off all your investment debts (like a mortgage) NOW may actually be less beneficial in the long run…

Transcript

Below is a rush transcript that may contain errors

GLENN: So we have Carol Roth on. And this hour of the broad and podcast, we have been talking about the Fed Now system. And how that system by itself is not anything to do with the digital dollar.

However, it does make the digital dollar, should they introduce it, more effective.

And they could settle in realtime, just like Bitcoin now can do.

And so it's important that you know, that this is a needed step for the modern world.

However, I don't trust them on anything that they do.

So when they say, no, this is it. That's all we're doing. Don't believe that. Don't believe that. But understand, the Fed Now system is different than a digital dollar.

We have Carol Roth in. And before we get into this next thing, Carol, I want to share with you an experience I had with a friend the other day.

And this friend is somebody who will like, come to me and say, okay. Better worse, or about the same?

And they don't want to -- they don't want to look at things. Because they were hoping I was wrong. I hope that I'm wrong. I hope we find a way to turn this around. I don't think we're going to, just based on past performance. But we could.

And they've kind of wanted to not be so freaked out by it. And I understand it.

But they said something to me, that I immediately connected with. And I think it's important to say, to you, the audience, that -- because you might go through this. And don't fear it.

There was a time I said, off-air. When we were back -- this was back 2012, when everything was coming clearer on the path that we were on. And I used to say, every day, when I would get off the air, I would say -- I would just burst out in tears, and I would say, I feel like I'm watching my child, smothered in a crib, and I can't do anything. And no one will listen to stop it.

And it is just trauma every day. Because I loved my country. And I saw that we are headed in exactly the wrong way. And no one will do anything.

And this is intentional. And so I went through that period. But I got past it. And I realized now, that is just one of the phases of grief.

You are going to go through grief, as we lose some of the things, that we have always traditionally known.

It's better to do it now. Than it is, when the time comes. You won't have time for the grief then.

People will be grieving. You have to help them.

You have to be logical, and think your way through everything.

So embrace it.

Learn, get your morning over with, so you're strong and back up on your feet, when these things come. Would you agree with that?

CAROL: Yeah. Yeah. I would like to share too, I have gone through that personally. My husband has gone through that personally. This is something that everybody who has been following this, this is part of the process. I called it smothering the baby. For me, it was the train in slow motion, going off the tracks, and feeling like you can't stop it.

And the reality is, we may not be able to stop the train from going off the tracks. But I can't personally take shelter.

That's what you have to do. You cannot panic here.

You have to prepare. And say, what is it that I can do?

I may not be able to stop the huge financial order. That's a huge, tall order. But what can I do in my life? To make myself more prepared? Then if things go badly, at least I know I can get through that difficult period. My family, my friends can do that. And the more people you educate and work with together, on a community level.

I think the more opportunities you're going to have to share, to cope, to work together

So it's really about taking that personal responsibility, and controlling the peace that you can.

GLENN: And I think this is really important.

You bring up the train. I like that a lot.

Because if you're on the train. You need to prepare. You need to secure yourself and prepare for impact.

That is critically important. If you're watching the train. You're not on the train, you see it coming.

You need to say, it blankets. Get a -- call the ambulance.

Get some doctors here.

We need some help. So you prepare, whether we're on it or off it. And that's critical. And I believe that's where this audience is meant to be.

Those people that help others. So let me go back to the fed.

We were talking about what is coming. And honestly, I have had people say to me. Glenn, we can sell our national parks.

I'm like, what? I don't want to sell our national parks. And they said, we're off the gold standard. We're off the oil. But we have all kinds of things we can back a dollar with.

Uh-huh. I don't like probably any of the solutions, they would come up with. However, they have come up with another solution. And it's called modern monetary theory.

And I've explained it in one of my books. I think two of my books. It's important to understand. But the just of it is, the government can spend as much as it wants. And they can print as much money.

Now, you would say, well, what about inflation?

They say, as long as we can control the spending down to the level of the individual, this is why it's never worked. Because they've had to do mass things like, you know, raise the -- you know, the finance rates.

Raise the loan rates. And that just doesn't work, and you're playing. It's not an accurate science. And it's behind the spending.

So you're always playing catchup. Or you're prognosticating. And that's always bad. This, a digital currency. Can actually stop the spending today, on certain products.

It can also then ration today, by the way, having to have some system that everybody has to know.

That's their way out of the inflation, that we are going to have to print, and the fed is going to have to buy, and put on their books.

Do you agree or disagree, Carol?

CAROL: So I will say, that's what they believe to be their way out of inflation perhaps.

GLENN: Oh, yeah.

CAROL: Is I call them MMT magic money tree. It's a theory, that people that believe in unicorns. Believe in.

They say there's an element of control there. That's why, real modern monetary theory has never been tried. And every time it's been tried, it hasn't worked. But they're looking for that element of control. And what you have to understand, imagine that every dollar that you had in your pocket, had a micro chip in it.

And that somebody else could track everything that you do, and regardless, of whether it's that they want control you from a social credit standpoint, or they want to control you from a monetary theory standpoint, they can make the decisions, to let you access that money that is yours. That is supposed to be able to, by the way, a proxy for your productivity.

You know, Glenn, you mentioned, what backs the US dollar? What backs the US dollar, is American productivity and ingenuity.

That's the backing of it. That's what it's supposed to stand for. But every time that you say, okay. Productivity is equal to this unit of money, and then you go and you print more money, well, you just devalued that equation. So that is what they're going to do.

And they're going to try to do that as a conduit to get themselves out of it. Which, by the way, won't work. Because there are things called logic and reason and math.

GLENN: Yes. Yes. But it will give them control. And people will say that's a conspiracy theory.

Let me play something from Christine LaGuardia. From the French central bank. Their Federal Reserve. Listen to this exchange she's having with somebody she thinks is Vladimir Zelinsky.

Listen to this.

GLENN: There are many protests in Europe against the electronic euro. No, the problem is, they don't want to be controlled.

They don't want to --

VOICE: Yeah. But you know what. You know what.

Now we have in Europe, this threshold, above 1,000 euros.

You cannot pay in cash. If you do, you are on the gray market.

So you take your risk.

You get caught. You are fined. Or you go to jail.

But, you know, the -- the digital euro is going to have a limited amount of control. They will be controlled. Right.

You're completely right.

We are considering whether for very small amounts. You know, anything that is around 300, 400 euros. We could have a mechanism, where there is zero control. But that could be dangerous.

The terrorist attacks on France. About ten years ago. And highly financed by those very small anonymous credit cards, that you can recharge in total anonymity.

GLENN: Unbelievable.

So there will be control.

But we're going to let people have like $500, that they could spend, that won't be tracked. But we're not sure. Because that's the way terrorists would use it. That's total control.

CAROL: Let me read you another thing.

This is, by the way, on the White House's website. So I can tweet out the link to it. But in March of 2021, President Biden made remarks to the Business Roundtable. Which is, you know, all of the major company CEOs in the United States

And said, you know, I believe we're at an reflection point in the world economy, not just the world economy in the world.

It occurs every three or four generations. Dot, dot, dot. And now, at a time when things are shifting. There will be a New World Order out there.

And he says, we have to lead it.

The question you have to ask yourself is, who is we?

Because I'm pretty sure, Glenn, that you're not in we, I'm in we, your listeners are not in the we. It's all of those people who are working together, to control, to jockey, to position themselves, to control every finite resource out there. Because they see it.

They have told us, they see this shift is happening. They're working. All these things that are happening, are working. So that they can control every resource. And make sure, you will own nothing.

That is where that comes from.

GLENN: We're with Carol Roth. Carol, you stay with me, one more break.

The number one question that comes in from listeners for you.

Is should I pay off all my debts?

What should I do?

Because if you're right, inflation like you can't believe, is coming through. So what does that mean?

Get that answer from you, here in just a second.

You know the value of a dollar, right?

No, I don't. And I don't know the value of $20. How far is 20 bucks going to get you. My gosh, I went in to buy a roast for Easter. And my eyes almost fell out of my head.

I could not believe how expensive everything -- and that's inflation. That is what is coming, times a thousand.

So when somebody charges you 19.95, for something that actually works, and can make your life better. That is a good deal.

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Yes. You will be out 20 bucks. But that will be like a dime soon. It's Relief Factor. Call them at 800-4-Relief. 800-4-Relief.

The 19.95 three-week Quick Start. Relieffactor.com. Feel the difference.
(OUT AT 10:48 AM)

GLENN: Carol Roth is with us now. She's the author of the new book, you will own nothing. It is based on the great reset. And what is coming in our country. It is also a great companion book. Comes out about the same time, with my book called Dark Future.

I show all of the things that are in place, and planning now for the second phase of the great reset. That will boggle your mind.

But she goes down and the bets into the nitty-gritty on what should you do, and what is coming. So let's go there. Because one of the real questions. I hear this all the time. Why don't I just go out and a buy a a bunch of stuff. Because then I could have a loan at a low interest rate, and then I'll pay it off, and then with inflated dollars. That seems scary.

CAROL: Yeah. So people sometimes don't differentiate between the debt that is used for spending, and debt that is used for investing.

There's good and bad debt. You don't want to be taking on debt for your spending, but you want to be able to use it productively for an investment.

If you can get a better return on your investment than the cost you have to pay for the debt, by using it.

One of the reasons people take out debt for a house over time, right?

So that's one of the big questions that I've been getting. And there seems to be a lot of confusion about what happens to debt, if everything goes south, and we end up in hyperinflation. People are saying, we end up in this hyperinflation scenario. Does it make sense for me to pay off my debt now? And so I just want to walk through the thought process on this. If the dollar loses purchasing power, it's actually good for your fixed rate debt. So assuming your house has a fixed interest rate on it, and you have a fixed amount of debt on it. Let's say as an extreme example, the prices of everything doubled due to the dollar degradation. Well, then your debt is really in a sense worth half as much as it is today. In the future.

So you have to be thinking about it, in that sense. Do you really want to take something out of your investments and pay that down, as a solution if your debt is going to have -- you know, be, quote, unquote, worth less in the future on a relative basis. So, again, I'm not a financial adviser.

This is not financial advice. But just giving people things to think through, because your audience is so fabulous. They send me questions all the time. And that is one of the big areas of misunderstanding. Is what should I do?

Now paying down debt from a behavioral standpoint, is always a good thing. Paying down debt on your spending is always a good thing. But something that is for an investment, you know, if you're worried about what happens to it, during hyperinflation, it's actually the inverse of what you're thinking.

GLENN: Carol, thank you. How do people contact you, by the way?

CAROL: Yeah. So CarolRoth.com. There's a contact form there. And then as you had mentioned, the new book, you will own nothing is on pre-order. Companion people are buying yours and mine together. And like you said, most importantly thing is mine does have that action plan.

You learn all the things that are happening, like you learn in your book, Dark Future.

But how to fight back. This is about how we can actually own everything. This isn't a scare tactic.

The idea is to inform and make sure that you own everything.

We want you to still be able to have the American dream.

GLENN: That is so important. Books really do make a good companion to each other. We kind of have worked on them kind of in a way, that way.

CAROL: Yes. Together.

GLENN: So you can understand the big picture. Know what is real, what is not real, and then, what do I do about it?

The book, mine is Dark Future. You can order it now.

Hers is, you will own nothing, by Carol Roth. Order them together, wherever you buy your books.

Carol, thank you so much.

CAROL: Thanks as always, Glenn.

GLENN: God bless.

THE GLENN BECK PODCAST

Ben Shapiro & Glenn Beck Reveal the TURNING POINT for the Media

The Legacy Media’s time is up and New Media outlets like BlazeTV and the Daily Wire are rising to take their place. Ben Shapiro joins Glenn Beck to make the case that he can pinpoint the exact day that Joe Biden killed the Legacy Media: his disastrous 2024 debate against Donald Trump. “In that moment, the Legacy Media died,” Ben says. “The entire American public was subjected to the reality that these people lie with an agenda. And you can’t put that genie back in the bottle.”

Does This Tape Prove LBJ Killed JFK?

The tape alleging that LBJ ordered JFK's assassination appears to be REAL. Glenn invited the tape's owner, Shane Stevens, to confirm that the digital recording he gave to Alex Jones back in January, 2025, matches the original tape. So, for the first time, he played the chilling confession from the original source live in the studio.

Trump Exposes Globalist Lies: Is This the End of Their House of Cards?

President Trump has made it clear: the globalist “house of cards” is trembling under its own weight. But we have a choice: are we going to fear it, or are we going to face it?” Glenn argues that Donald Trump is facing it with a controlled fire, getting rid of all the underbrush and giving us a chance to rebuild and rethink how we live. “We cannot continue to rely on far-off enemies.” We CAN make things again – new things. We can stand on our own two feet. But in order to do that, we must reject the lies and embrace the truth, which many people who hate Donald Trump seem reluctant to do. Why, Glenn asks, do they still give Democratic politicians the benefit of the doubt when they lied to us about ESG, DEI, globalism, COVID’s origins, and so much more? And on top of that, they were “literally stealing from you” through USAID and NGOs?

Transcript

Below is a rush transcript that may contain errors

GLENN: So it has been a little frightening this week. And you're looking at things.
And, you know, Donald Trump might seem calloused to some.

Because he will just say, you know, hey. Stop freaking out. Stop freaking out.

And it's easy to say that, as a negotiator. If you're negotiating in a company. And you can say to your staff, behind closed doors. Listen, we are going to do some stuff.

But I'm negotiating. Don't freak out. Anybody freaks out. We will lose the negotiation.

Don't freak out. He's been trying to do that.

But he has to say it on a global stage. Where everybody is watching him.

So he's trying to say, don't freak out. I've got this.

I've got this.

And it's required us to have faith.

And, you know, that's hard to give to a politician. Any politician.

Especially if you didn't vote for that politician. If you don't like Donald Trump. You're not going to give him the benefit of the doubt.

You will think he's destroying the country.

And it's really interesting. Because those who didn't vote for Donald Trump, because they thought he would destroy the country, most likely voted for the last administration.

And it didn't matter that they were literally on the take from one of our enemies.

Literally making millions of dollars, taking money, to influence decisions, from China.

It didn't matter that they were lying. They were cheating. That they were literally stealing from you, now we know, through USAID.

Through all of these NGOs. They were literally stealing from you.

Let alone, lying to you!

Remember when I told you about The Great Reset? Something ESG.

DEI.

All these things that we now are very, very well aware of, and we know. They are absolutely true.

They were implemented by the same people who said they were conspiracy theories.

I mean, that's the one thing I can't get past is the people. How do you get past?

How do you hate Donald Trump so much, that you can still run to the people who have lied to you over and over again?

About things that do matter. You know, when Donald Trump said, I have the biggest -- I had the biggest crowd ever!

It doesn't matter. If he's telling the truth or lying.

Does that matter?

No. We're not. We're not. We're not. Trying to undermine capitalism and go to a global government through ESG and DEI and the World Economic Forum.

That lie matters. That one matters. That one will matter for generations.

That one matters to your children and your grandchildren.

But for some reason, some people will just continue to dismiss that.

I want to remind you, that while we're in this situation, with China. First of all, China is the source of COVID.

Did you see this week, what they came out with, on -- that Biden covered up something we reported on, almost, I mean, within a couple of months of COVID.

We said, you know, we've been doing our homework on this. And there was an event with the global army. And all of the armies around the world, that were kind of war gaming and getting together. And our troops were there too.

And it was all in Wuhan. And they came home, and they were sick.

Remember that? And we were like, that might have been the first kind of outbreak of this.

And everyone called us conspiracy. They just -- they just released the documents that show that Joe Biden that afternoon. It was try.

And they buried it.

So we're dealing with a country like China. Really, really bad. You know that, and I know that.

We are dependent on China now! And that can't happen.

Do you remember what COVID was like, when everybody was like, oh, you can't get that. You can't get that.

You can't get surgical masks, because they're all made in China.

How many times did we, in 2020, 2021, 2022 say, I've never seen this in the United States before.

Wait a minute. There's a shortage of, what?

Okay. We weren't used to that.

Don't forget that. Don't forget that.

Especially when it comes to things like medication and rare earth minerals.

You may not know exactly what rare earth minerals are. Or your friends might not know.

But rare earth minerals are what -- it's going to control the world!

You don't have access to rare earth minerals, you can't make batteries or chips.

Okay? Nothing! China is buying them up from all over the world.

And we have created this country, where we can't even mine our own rare earth minerals, and underneath some of our mountains, we have more rare earth minerals than every place in the world combined!

But our government has shut that off. Now, why?

Again, may I remind you of what we just came out of.

The Cloward and Piven strategy. Cloward and Piven were these two university professors, back in the '60s. And when I first brought them up, back in the early 2000s, everybody was like, that's crazy.

She's just a sweet old lazy lady.

She didn't mean any of that stuff.

Yes, she did. Yes, she did.

She was the one at the White House, with Bill Clinton and Hillary Clinton. That did the motor voter law.

That was her. Why?

Get people, everybody who is registered for a license. Get them registered to vote.

The whole thing -- her whole plan with her husband, Cloward and Piven, the whole thing was to collapse America. Economically.

Overwhelm the system, and collapse it economically.

We're dealing with that reality.

Okay?

Whether it's intentional or not.

We all know, we all know, you look back -- I look at this world, and you see, my gosh.

It's just a sprawling, chaotic system, that we've all been swept up in.

And it has strangely worked in many ways, until it doesn't work.

Because of his something like COVID.

And then all falls apart.

And you look at everything that we're doing. The endless wars.

The draining of our spirit.

And our resources. With these endless wars. Government spending like there's absolutely no tomorrow.

Printing money, until it feels like Monopoly cash. Globalism, that has left us leaning on our enemies, for things as basic as medicine and rare earth minerals.

Elites in our universities. And now running our schools. That are destroying our children, by teaching them to be victims.

And not teaching them how to empower themselves, by learning how to think!

Worst of all, the global governments. The World Economic Forum.

The WHO. The United Nations.

All of those things that have said to us, for years. No. We're not doing that. We're not doing that.

And now we know that they have been doing that. And with our help, from the elites in our own governments. And they have redesigned the world.

They have infiltrated a compliant press, that denies the truth.

They are continually defying common sense.

And they are defying the -- the will of the people. Openly.

Openly. Destroying our nations.

Destroying our history.

Our unity. Now arresting those who dare stand against them.

Whether it's the guy down the street on the school board or at the school board meeting. That is like, hey. You guys are all crooks. What are you doing to my kids?

Those who are protesting rape gangs in England.

Actual leaders running for higher office against the machine in France and Romania.

They tried to do it here.

This is all a house of cards.

And it's trembling under its own weight. And deep down. Every single one of us know it.

One way or another.

We all know it. Whether you're in denial or not, that's up to you. Even those on the left, the ones who have been loudest about keeping it going, all along. The ones who are now protesting and burning Tesla. Unless you're a useful idiot. Unless you're someone who is like, yeah. Our side is always right.

I will burn down a Tesla factory.

Unless you're just a useful idiot, you know, this is not about what's right and wrong.

This is about keeping the decline of this nation, and the entire West, on that path.

Because the elites, some of those that are tied to the last president, and his circle. Pushed this idea, of the Great Reset.

Which is a managed decline.

They see the cracks, just as much as I do. They're trying to control the fall, so they can control our future.

They know there's too much money to be lost. So let's get together with all the big banks. And the big corporations.

And finding out more and more. Our CIA. And everybody else.

And we will manage this collapse, keep the people down. Keep the people quiet. And then we will control everything, and we will reset. That's -- that's not -- God didn't give you the right to do that! God didn't give anybody for anybody to do that to a whole population of people!

So this is what we've been fighting against. And now Donald Trump is standing up and saying, that is so deep and metastasized. To save it, we have to turn this thing 180 -- this is the world's largest aircraft carrier, ever in the imagined nation of mankind. It's like an imperial stormtrooper ship. You know, of a -- of a -- you know, of an aircraft carrier.

Practically half a continent. And you have to turn that thing around!

So let me talk to you about fear.

Just that, should scare the hell out of all of you. Every single one of us, it should scare our children and our children's children. It should scare everybody within the sound of my voice. Because you know it's true!

There is trouble, whether it's intended or not, this doesn't work anymore!

Okay?

And basis we got off common sense. And common values.

Now the question is: Are you going to fear it, or are you going to face it?

And that's really what this election, I think was about. At least for me!

I see one guy who is willing to stand up and say the truth, and then actually follow through with action.

I don't see politicians follow through with action. He is actually not afraid of doing it! I'm not afraid of the truth.

You shouldn't be afraid of the truth. The truth will set us all free!

It's scarier to pretend it's not there!

Yeah. It's going to be tough. It's going to be really tough. We have some hard times ahead of us. There's no sugarcoating.

Nobody should sugarcoat that.

But it's, what is the goal at the end?

Is it for the elites to control everything?

Or is it to give you power?

Because both of them are risky. Both of them could end in violent revolution.

Both of them could fail.

But I know which side I want to win. I want the side that says, hey. These values are worth fighting for, and trying to save.

And it might be our World War II. It might be our Great Depression.

It might be our Civil War. But I would rather take that on, then pass it on to my children. Because I would have my children to have the opportunity sooner rather than later to be free.

The system has been running on fumes. And when it finally sputters out, we're going to feel the jolt, one way or another.

What's been happening this week, is dedicated people, who know what's going on. That says, okay.

I don't want the pain.

But I would rather take it on my shoulders now, than pass it on my kids.

Because we might be able to save it now, if we're honest about what we're facing.

Let me carry the load. Let me mess with the mess that we've made. So they don't have to!

Because a controlled fire is good!

Forest fires are good too, in the end. Long run. But a controlled fire is good.

It gets rid of all the underbrush. And it actually replenishes the soil, so something good could grow. And some controlled burns are going to happen. We have a chance here to rebuild, to rethink how we live.

We cannot continue to rely on far off enemies. We have to start looking closer to home. To our own soil.

To our own hands. To our own people.

We can make things again.

Not the things we made in the past.

We're never going back to those days.

Something new and better is on the horizon.

But we can grow things.

We can stand on our own 2 feet. It's time to say, you're 25 years old. You're not a kid. Adolescence now. Adolescence now lasts until you're 25!

In George Washington's time, you were an adult when you were 13!

Are we getting better or weaker? This is not going to be easy. But what is the -- what's at the end, will either be completely bogus, or real again.

And somewhere inside of me, I know we're not done yet.

World has been through collapse before, empires fall, systems crumble.

But the ones who make it, are the ones who dust themselves off.

So I am for one, willing to take the hit.

I am willing to grit my teeth. Because I believe in what's on the other side.

And I know it's -- you can say it's easy for you to say, Glenn. But I only succeed when you succeed.

I get paid a salary because you have the money to buy things that we advertise. So if you don't succeed, I don't succeed.

I lose everything too. I just want to encourage you to pray on this, this weekend.

And -- and find the strength to at least face the truth. And turn the page.

Because it's not just about survival.

It's a new start!

THE GLENN BECK PODCAST

Why Trump Must ANNIHILATE Mexico’s Cartels Like ISIS | The Glenn Beck Podcast | Ep 253

Ravaged by political corruption, decades of mass murder, unfettered human trafficking, and a spiraling fentanyl crisis, Mexico is a “fragile narco-state,” says Brandon Darby, co-founder of Breitbart’s Border and Cartel Chronicles. While Mexican media and journalists are silenced by fear of cartel retribution, Darby has spent years exposing atrocities like the mass graves found miles from our southern border, giving a voice to a nation ignored and terrorized into silence. Darby criticizes U.S. diplomatic efforts focused on reforming Mexico’s justice system and depicts a U.S.-Mexico border rife with lawlessness and violence, urging Trump to enact border policies that “treat the cartels like we treat al-Qaeda” and not to forget that “China is courting Mexico.”