RADIOJanuary 12, 2023

The East is DUMPING the U.S. dollar & YOUR money will SUFFER

2023 will be a pivotal year, Glenn says, and so far the coming changes don’t look good for your money or personal finances. In this clip, Glenn highlights some of the changes we should expect this year — from a ban on gas, to new banking regulations, even more price increases on food, and bugs on your dinner plate. But, even more importantly, the status of the U.S. dollar may fundamentally change as well. Glenn explains how certain countries in the East — like China, Russia, and Saudi Arabia — are dumping the petrodollar. He explains what this means for the U.S. dollar, for inflation, and ultimately, for YOUR bank account.

Transcript

Below is a rush transcript that may contain errors

GLENN: Well, let me give you a couple of things here that I think you really need to know and understand. Because 2023 is going to be a pivotal year. I have talked to people that I trust in Washington. And that's about four.

Four people. And they are very concerned, that the US dollar is going to have some problems this year. Which might lead to the central bank, digital currency.

The Federal Reserve, is doing everything they can. To make sure that everything is safe. You know, after the big banking crash. They had -- you know, one of these stress tests. And they're like, we're going to do a stress test. Because we have to make sure that everybody -- you know, you got all those loans. And you can cover anything that's risky. So we want to find out what's risky.

Okay. Sounds good so far, right?

It's good to know. Can the bank survive a downturn? How risky are their investments?

And so they were doing that, and it was great. Wonderful!

Then there was this added little benefit, that the fed is -- is doing now.

They've decided that if you are a bank, and you have let's say, green energy, like solar panel companies. You not only are more stable as a bank, you can use that investment in solar panel companies. To actually use it as an asset, a very stable asset, to be able to loan more money out to someone else.

So the more green energy things you have, which we have seen. Oh, my gosh.

How many solar panel companies did you invest in, America? That has just turned into a gold mine.

It is now weakening the stress test. It is doing the exact opposite problem.

It is -- it's -- it's insanity. It's like, you know what, you're safe to drive down the freeway without your seat belt. You know, as long as you're texting at the same time. That that ought to be totally safe.

That's what the fed is doing. Meanwhile, our prices of everything still are skyrocketing. Energy is down. Which the fed is going, that's great.

See, that's going to reduce everything. Meanwhile, if you are trying to buy eggs. In California, this is going to blow your mind.

California, a dozen eggs is now $7.37 compared to $2.35 a year ago.

The problem is: People are switching to eggs, because they're cheaper than meat. Which, by the way, we're trying to get rid of the meat.

I mean, you know, that, right?

We -- we are sitting here, with bugs now being discussed. I got a great story on that, in the show prep today. You want to sign up for it, at GlennBeck.com. It's free. You get all of the stories that I see, every morning. And -- and you can read them all. These are the stories that I have selected, and said, this is important.

Not all of them make it on the show. But one of them. Another one is about bugs. This restaurant in New York, that is like, we have Ethiopian ants in our creme fraiche. Huh?

And that's a certain je ne sais quoi. By the way, the ants are alive, while they put them on your whatever.

No, thank you.

And in this particular article from New York, it actually states, we're doing it, because of the carbon expense of traditional food.

So we're now looking to eat bugs.

Yesterday, I also told you, that the Richard Trumka from the consumer protection agency, has declared, because he got a study from a global warming group, that natural gas is very bad for your children. If it's in your house.

So we shouldn't really have natural gas stoves. And we shouldn't have natural gas, you know, heaters. Or anything natural gas.

Oh. Wow!

California sure is in trouble, huh?

Because they wanted to be really super green. And so all of their state cars and all of their buses and everything else, natural gas.

No. It's dangerous now. And in something that is so striking, this study just came out. Richard Trumka just said, we've got to consider getting rid of all natural gas in homes. And governor Hochul, yesterday, just decided, she's got some legislation to make sure that there are no natural gas outlets in any new construction in New York.

Gang, we are in trouble!

You better get to a state that is not doing -- and, quite honestly, I'm not sure it's not Texas.

But you better get to a state where like-minded people are all around.

Because they are going to cut us off from everything.

But that's if we -- that's if the fed doesn't help us some more.

I want to talk to you about what's -- what is happening in Asia, Russia. Prices of oil.

It's collapsing. So it's going down now, which is making things better for Europe. Yay! They can buy more Russian oil. Yay!

Meanwhile, we're not doing anything about it. But Saudi Arabia, China, Russia, they're starting to move their entire economy. Russia is now backing their ruble with oil. So it's like a -- oh, it's like a petrodollar. Oh, that will never work.

Oh, wait a minute. That's what we did. Until Saudi Arabia said, yeah. We're going to accept anything. Really? Chinese can pay us in the yuan, we're fine with that. We'll take a ruble. Whatever.

What does it mean? Why have we not discussed? What does it mean with the death of the petrodollar?

It means, that half the world, the part of the world that's not with us. Is no longer required to hold a dollar. A US dollar.

What happens when half the world's countries say, oh.

We don't need the dollar. They begin to sell them. They already are. And if they're sold, what happens?

They go out in the system, instead of in the bank. Which does what? Too many dollars in the system chasing too few goods, inflation goes up.

So what do you do? You raise interest rates. Well, the problem now is, as we are seeing the death of the petrodollar.

You're also seeing the fed, in a very unusual place.

Raising even another -- another half point is spooking everybody who pays attention to this stuff.

The fed, has to raise interest rates to get interest -- or, I mean, to get inflation, under control.

But when they do that, this is how they control inflation. They take more money from you. They slow your spending down. And so that causes you not to go chase those goods with the dollar. Okay?

And then they're supposed to take those dollars in interest, that they get, take them back into the fed, and destroy them, so there's not too many dollars.

So the first step on this road, is to hurt you and your bank account and your ability to buy things.

The problem is: We are now looking at recession and inflation. Forget about stag -- stagflation. Forget about that. Forget about it.

We're looking at something different. We're looking at the dumping of the US dollar, by the east. Flooding the market.

Then you have higher interest rates, hurting your bank account. To suck those dollars and your dollars back into the fed.

This will cause a -- if they raise the interest rates. This will cause a stock market crash.

But it causes the stock market crash, because your dollars and the banks need dollars to grow the companies. So if there's a collapse of the stock market, people start selling things. People start losing their houses. And when that collapses, what happens?

The banks collapse.

Because they've got them all -- but the good news is, this time, they have all those solar panel companies. So they have all the windmill, and solar panel companies, that good as gold.

If they have to start selling those things. Who are they selling them to?

Also this is a really nice handy thing. When the banks start to go under, they immediately have to start -- have to start liquidating things. And calling in loans. They have to also stop giving loans. So if you're in a tight spot, and you need a loan, the bank will no longer give you a loan. And if you go under, you probably have a loan with some other bank. And so it just is a -- it's a pile of dominoes.

One thing triggers another. And this time, we're not looking at a ten-year reset. Because we didn't do it right the last time.

We are looking now, and they are officially, saying this, that we are now looking at a possibility of something like the Great Depression or beyond.

And I say beyond, because we are looking at the collapse of the dollar. If the stock market falls. If the banking community begins to have the same problems it had in '08, the problem is way too big. Because we no longer have a reserve currency for half the world.

They can sell those dollars. Our enemy, China, they can just dump all those dollars. It would being worth it to them. Because it would destroy us.

Just dump them. And then how much is it worth? See, here's -- here's the reason you should consider gold and silver.

And this is not a commercial. Gold and silver are constitutionally dollars. They are -- that's money. That's currency.

The dollar that we have, is a note. It says, A, it's worth this amount.

But that changes all the time. Because of inflation.

It's not backed by anything.

The problem is: There's too much money. There's not enough gold to reset the global markets to a gold standard. There's not enough gold, even in the minds. There's not enough gold, to pay for what we have all done, all around the world.

And the entire world is in on it.

So when the Federal Reserve says, you know what, we're going to print money, because we can't let the stock market fail, all of the central banks in the west will do the same thing.

And then it's just a matter of time of, when do we get to the bottom?

Please, please, consider what is coming our way.

I believe this is the beginnings of it. We will see this year.

And when it happens. It will probably happen rapidly. And people in the media will tell you, the exact opposite.

No, no, no. They've got it planned. Whatever you do, don't do whatever the right thing is to do.

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Unveiling the secret to transforming angry boys into real men

The world has a plentiful, seemingly endless supply of angry boys. What it's lacking is real MEN. Glenn Beck shares the secret that our young men must learn if they truly want to protect and perfect our country.

Transcript

Below is a rush transcript that may contain errors

GLENN: There's a difference between a revival and an awakening. We are in a revival right now, but that doesn't necessarily lead to anything. Except, oh, I have to re-learn those principles. But that doesn't mean you apply them in your life. Okay?

That's an awakening. There's been two great awakenings in American history. One brought us the American Revolution. The second one brought us the Civil War and the freedom of slaves.

We have the possibility of going into a third great awakening. That's the only thing that will save us. If you don't know the difference between a revival and an awakening. Let me give you the negative print of a godly awakening. Our kids right now, they don't have any purpose. They don't have any meaning.

They look at everything, and it doesn't -- it's not real. None of it is real. It's money. It's fame.

It's -- you know, it's ever changing truths and definitions. And they have no purpose in their life. Okay?

So they're looking for that. Because man has to have purpose in his life. Man has to search for meaning.

So they're searching for meaning. And they found a group of people that actually mean something. And they're willing to die for it. And it's ISIS.

And so they're like, at least these people believe in something. They believe it. And they're willing to die for it. I'm going to stand with them. And they put that twisted understanding into action. That's the -- that is -- that's an awakening. It's just an awakening to the dark side. And that one is already happening. It has to happen on the good side. And let me speak directly to young men: Look, you are inheriting a very loud, angry, cynical and worst of all spiritually starving and malnourished society. And you are being sold a future of cheap pleasures and hollow heroes and screens with blue light that just rob you of your strength, one distracted second after another.

And in the middle of all that noise, may I just give you one piece of instruction. If there is anything virtuous, lovely, of good report or praise-worthy, seek those things.

Don't admire them. Don't nod at them. Seek them!

Hunt them. Chase them. Build your life around those things. A man who will do that. A boy. A young man who will do that, will become different. Noticeably different.

He will stop letting the culture feed him garbage. He stops applauding the trivial. He stops laughing at the obscene or cheering for the cruel.

He will become a curator of -- of real, lasting beauty in an age that has forgotten what beauty even looks like.

When other men are chasing down or holding up cynicism, this man holds up hope!

When everyone around him is chasing dopamine, he chooses discipline. When others will blame their circumstance, he'll take responsibility for his own action. When the world worships the shallow, he goes and searches for the deep!

You want to know what the secret of becoming strong is, or becoming trusted, or becoming the kind of man that your future wife, your future children, your future nation can depend on?

Here it is!

You become what you seek. If you seek trash, you become trash. If you seek virtue, you become a man of virtue. You seek excellence, and your life will begin to shine, not loudly, but steadily. Like the steel glow of a blade being forged.

That's who you'll be.

The world has a plentiful, seemingly never-ending supply of angry boys. We don't need any more addicted boys.

We don't need any more distracted boys. The world needs men. Whole men. Clear-eyed men.

Men whose souls are anchored to something higher than the algorithms, trying to own them!

Build a life worthy of admiration. Forget about the applause. Fill your mind with words that make you wiser. Fill your days with work, hard work, that makes you stronger. Fill your home with beauty that lifts every soul who walks into it.

Have your home a place where people walk in and go, man, I say so great here. I just love it here. I don't know what it is about your house. I just love it. It's the spirit that's there! Because you built it! You protect it.

Protect your integrity like a watchman on the wall. Don't lie. Don't cheat. Don't steal. And when you fail, and you will, stand back up again.

Because a man who seeks the virtuous, is not a man who never fails. He just -- he just becomes a man who refuses to stay on the ground.

If you seek things that are lovely and pure, trustworthy, praiseworthy, you'll become a kind of man this age almost never produces. A man whose very existence is a rebuke to the darkness.

That's your calling. That's why you were born.

Not to be lost. Not to play video games. Not to give up. Not to say, there's no hope. Not to end up in the trash bin of human history because you've -- you've taken so many drugs, you can't stand up straight anymore.

You're not destined to be alone.

You were destined for great things. You are destined to find an amazing woman!

Believe me. I didn't think I would ever find an amazing woman. Because I didn't think I was worth it. I didn't think I was worth it.

And until I started understanding how God works. That, yeah. I'm not worth any of the stuff that I have.

When you realize, it's all a gift. It's all a gift. And even if you work your brains out, you may not ever get all the things that you want. But you're going to have everything you need. Once you realize, carefully selecting friends makes a difference. My mother used to always say, show me your friends. I will show you your future.

It's true. Be careful who you select as friends. Watch your language. Watch what you're putting into your brain and what's coming out of your mouth. Because the brain is so amazing. It's being turned to mush. Did you know that there is a new study that just came out. I have to tell you about it next week, maybe.

New study going out. It is -- it's AI. And it has access to social media, and they have found that the AI -- the AI that is scrolling through social media all day, just to keep updated on everything that's going on in social media. It's getting brain mush. It's actually becoming dumber. It's become less effective!

It's a machine. What do you think this, flesh and blood, this thing is going to do?

We say life is meaningless. And life is the only thing that has any value. And yet, we spend all of our time, on things like social media. And that has absolutely no value.

But we think that's life.

I'm not that smart. I've just lived a long time. And I've made so many mistakes.

And I decided at one point, I'm going to stop saying, it's somebody else's fault. I'm going to start saying. Maybe -- what did I do to create that?

What did I do to attract that?

Why does this thing keep happening to me?

Why is it that I always find myself involved with these same kind of people?

Because, Glenn, dummy, it's you!

What you think, it's like -- it's like think of yourself as a -- as a beacon. It's just -- you're a beacon. Your GPS pin, that is constantly saying, here I am. Here I am. Here I am.

Except, it's transmitting more than just your location. It's -- it's transmitting what you're looking for, who you are. And it's attracting other dropped pins to you. It's saying, "I like this. I think this way. I believe these things. I am afraid of these things."

Whatever it is, you're thinking. It's constantly putting that out.

And saying, here I am. Is there anything else like that?

Anything else that can reinforce that? Anything else that can live like this?

Because that's me. Here I am. Here I am. Here I am.

That's why you keep finding yourself in exactly the same situations. Nothing will change, if nothing changes!

And the only thing that you can change, is you!

Seek the things, that have virtue.

Seek the things, that have beauty in music, in -- in art, in life, in architecture, in clothing! Whatever it is. Look for real, lasting beauty and value.

Find the things that are true! Truly true.

Universally true. Find the things that uplift. Seek those things!

And you will change your life and your world!