RADIOOctober 27, 2022

Why a HUGE ‘migration’ of gold to Asia should WORRY YOU

Bloomberg recently published a piece called, ‘The Gold Market’s Great Migration Sends Bullion Rushing East.’ The article notes that China has imported 160 TONS of gold since April, India has added 80 tons, Turkey 62, and the list goes on. Is the U.S. — or other Western nations — selling gold to China? And if so, why wouldn’t we be buying it, instead? Carol Roth, financial expert and author of ‘The War On Small Business,’ joins Glenn to make sense of this ‘head scratcher.’ She theorizes what’s REALLY going on with gold, and she explains why the U.S.’s lack of longterm thinking regarding gold, should worry you.

Transcript

Below is a rush transcript that may contain errors

GLENN: All righty then. I saw a -- I saw a disturbing story from Bloomberg. Last week. And I haven't mentioned it because I wanted to make sure I had some facts on it. I called Carol Roth. I called everybody I know. And they said, that doesn't seem. Well, I don't know. Let me look into it.

Carol is here to explain this. Here's what I found in Bloomberg.

Asia has net imported gold from the West. Since April. The trade flow into China. 160 tons of gold. Into India. 80 tons. Into Turkey. Sixty-two. Thailand. 38 tons. Saudi Arabia, 20 tons. Malaysia. 4 tons. Hong Kong 3 tons.

Where did they get all this gold?

Well, the UK sold 15 tons of gold from their Treasury. 32 tons. South Africa. Canada, 33. Australia, 34 tons. And the United States of America, sold 136 tons of gold. If we send that to China, why are we selling gold when smart money would be buying gold? Hopefully, Carol will have an answer for us in 60 seconds.

By the way, as we're talking with this, let me tell you about Goldline. The United States top economists are saying, that we will enter a recession, in the coming 12 months. If we aren't already in one. The only reason why we're still debating this. Is because Republicans don't have control of the House or the Senate. As soon as they get control of the House and the Senate, I can guarantee you, we're in a recession. And it's their policies that put us into one. In fact, Joe Biden said it just this weekend, they're going to collapse the economy. That's their plan. To collapse the economy.

Oh, shut up. How do we -- I was going to say, how do we -- how do we deal with the amount of lies and smoke screens, that are put out?

Well, you just have to know what is true. What is true always has value.

The dollar won't always have value. Because it's no longer true.

There's no full faith and credit in the United States of America anymore. So what is true? What does the world always respond to?

Gold. They always -- look what China is doing. And India. And then look at what we're doing. Goldline has a deal this week, on their historic graded 5-dollar gold Indian coins. With every box of 20 of the graded coin, you'll receive 100 of the silver Mind Your Business bars at no cost.

That's a great deal. Both of these items are ideal for barter. Not that I would suggest you do this. I'm a coin collector myself. 866GOLDLINE. 866GOLDLINE or goldline.com.

Carol, please tell me I'm reading too much into this. Please tell me. Please tell me.

CAROL: So this has been a little bit of a Nancy Drew mystery for me, Glenn.

I saw this Bloomberg piece as well, and it was a little bit of a head scratcher. So I'm going to take you through some of the things I found, and hopefully we can piece this together.

GLENN: Okay. This is really weird.

Because I went to some really big brains, that know this kind of stuff. No one had an answer for me.

CAROL: Okay. So I think -- I'll wrap it in a bow first, and then I'll walk it back. But I think this is the short-term trader mindset, versus people who have a long-term view on the world. So this is short-termism, versus long-termism.

GLENN: Uh-huh.

CAROL: So the first thing that we have to understand, the thing I did was went, oh, my gosh, all this gold is flowing east. Or where is it coming from? Is our central bank that dumb, that they're selling gold?

So I pulled a chart of central banks. And central banks have been net buyers of gold, for most of the year, since April. Which is the same time period of the chart.

That's April to August. They have pretty much everybody is a purchaser of gold. There's almost --

GLENN: Including us?

CAROL: Just a tiny little bit -- every central bank in the world. Which means, even if we're not purchasing it. We're not selling any. There's almost no net sales. So that means our central bank is not the one selling this. We'll take that off the table.

GLENN: Here's what I couldn't figure out either. Is the Treasury the same as the central bank? Does the Central Bank have all of the Treasury's gold?

What --

CAROL: So they're probably not.

But let me walk through where I think this is coming from.

GLENN: All right.

CAROL: So the second piece I went to, was the consumer market. And consumers, seeing what's going on with inflation.

Understanding that a recession is here, and that it's going to get worse next year, have also been buying.

And by the way, we can't supply them. So both here in the US, as well, particularly in the east, much more in the east. There's been an additional premium.

And I'm going, what's going on here. What you have to understand about the market for gold, is that the prices for the gold, when you call Goldline, to buy your gold, like you and I do, Glenn. You're buying physical gold, but that price isn't being set by the supply and demand of you and I buying it.

It's being set by these future markets. By these traders, who are trading contracts.

And all of these derivative products, the options, the futures, they are so much larger than the underlying product.

And, yes, if this sounds like a familiar story. It is one. But the research estimates put the sides of these futures market, at 200 to $300 trillion of value being traded. With the underlying supply of goodly. The underlying supply of gold, underlying supply of gold is like 11 to $12 trillion.

GLENN: This is why I say all the time. Don't buy paper gold. Don't do it.

Don't do it. It will be worthless in the end.

CAROL: Exactly. So let me tell you what's happening. These traders are looking at not just what's happening in the physical supply demand. They're looking at little blips on their screen. And they're saying, oh, well, historically, when we have a strong dollar, that means that's not good for gold. So we should probably get out of it, as the fed tightens their monetary policy.

They have gotten to the point, where these crazy traders are actually not short on gold. Meaning that they have sold more than they have. And this is only the third time since 2014 that this has happened. This happened in 2015. It happened in 2018. And what my researchers have told me is both of those times, as you can imagine, when you have all of these shorts out there, but this crazy macro economic environment. It's prime for a short squeeze. And that's set major floors, and there's been huge rallies involved.

So once again, we have the financialization of a product. A product that is very important to us.

You know, being bastardized by Wall Street. And what happens, in China. And India. And other parts of Asia. Is that they're smart. They go, well, the price is falling. We should load up on it.

Buy low. Sell high. So they actually create a floor for the price of gold. Because they know they can get it at cheaper prices than it's actually worth. So they go in, and they load up on it.

And that's the tenor of what's been happening here, which is just complete insanity. So my speculation, is that institutional investor's gold, that is flowing because these traders are doing the same thing that the traders always do. They're being short-termed, grubby, greedy, and not looking at the bigger macro environments.

GLENN: That means, then we are doing that. We as a nation are -- we're going to be the opposite of the big short. Right?

We're selling, when we should be buying.

CAROL: So the good news is, our central bank. Our country has -- and, again, if this is true. Right?

So I'm just going to report what's being reported. I did not go to Fort Knox and verify, that the gold is actually there.

But we actually have the most gold in the world per -- by a country.

GLENN: I do not know if I actually believe that, but they say -- they say that's 85, or 84.

CAROL: 8100 tons. Tons. Yes.

GLENN: Tons. How much is that worth?

CAROL: I knew that you would ask me that question, and it was Monday, and my calculator wasn't big enough.

GLENN: Try it.

CAROL: It's a lot. A lot.

GLENN: I looked at it, and it's in the two or three digit trillions.

STU: Give me the number one more time.

CAROL: 8100 tons of gold.

GLENN: Which is about 32,000 ounces per ton?

STU: Thirty-two thousand ounces per ton?

GLENN: Yeah. And gold is trading at about $17 an ounce.

So how much is -- if they say we have this -- to me it makes no sense.

STU: 1700 an ounce, you said?

It's a big number. Let's --

GLENN: Yeah. Go ahead. Try to figure it out.

STU: Yeah, I know. Here we go.

CAROL: This is a lot for a Monday, guys.

STU: $440 billion dollars plus.

GLENN: No, no, no. Billion. It's higher than that. It has to be trillion.

STU: I'm going by your numbers here.

GLENN: 32,000 ounces, times eight.

STU: Thirty-two thousand times 8100, times 1700. So I'll do it again. 8100 times 32,000 times 1700, is, let's see. Yeah, 440 billion.

GLENN: No.

STU: So, again, I think maybe you're -- are you sure about that number of 32,000 ounces? I don't know --

CAROL: I will look that up.

STU: Too low.

GLENN: Look it up. Yeah, that's way too low.

It's got to be in the trillions. It's got to be in the trillions.

CAROL: It's probably somewhere I would say between 440 billion and a trillion dollars.

Again, like you said, it's just the central bank piece of it.

At any rate, the U.S. has more than any other individual country. The Eurozone, as a group, actually has more than the US.

And on a sort of tons to GDP, you know, value standpoint. You know, we are -- you know, we're not quite at our GDP, but we're in sort of a good position.

The only ones that are really stacking up via their GDP, is the Eurozone and Russia. And now China is starting to continue to add to that.

So, you know, it's a very strange situation. And it's also a strange situation, Glenn. If you think about the fact that the traders are doing this, based on, quote, unquote, dollar strength. Because they're looking at the dollar strength versus other currencies.

But they're not looking at the dollar's lack of strength at home. The dollar is not strong when you go to buy your groceries, or you go to pay your rent, or you go to heat your house.

And so that is the challenge. That is what we are. When we go and we buy physical gold, that's one of the things we're continuing to protect against. The continual debasement in the value of the dollar. So there really is a setup here. Potentially for, you know, some sort of a squeeze. Or even the collapse of some point of the paper gold market. Which means, eventually, things would change, to going off the actual spot price, of supply and demand. Which is how this should be based to start.

GLENN: Okay. So I should not be worried that Bloomberg's headline is, gold's great migration, sends bullion rushing east.

CAROL: No. I think you should be worried. And I think the reason why you should be worried is the people in Asia are taking a long-term view. And the people in the West are not. And that is going to come back to bite us. And by the way, usually this ends up flowing back. When the price goes high, in the past, it has flowed back. Because, you know, of course, we'll buy it at the higher price --

GLENN: Which is so stupid.

CAROL: Which makes no sense.

But the people I'm talking to, who really know this stuff, say not this time. We're in a new financial world order, something is going to shift here, and so don't expect that flow to come back the other way.

GLENN: Wow. One last thing, Carol. I appreciate your work on this.

Because I couldn't -- I couldn't make heads or tails of this, and our gold situation is so not transparent in America.

CAROL: It's a travesty. It really is. Something needs to change with this market, it does.

GLENN: It is. The other question is, we just sent the 101st Airborne, over to support NATO.

The Pentagon said, this weekend, we're ready to go to war if we have to go to war with Russia and Ukraine. What does war mean to our economy, if -- if it starts, with Russia?

CAROL: I mean, you know, there's obviously a bunch of layers of scenarios, depending on how bad it is. Certainly, the defense sector will be doing very well.

And it's just a question, of how much is this being fought over there? How much of what we're doing ends up being disrupted? Or does it end up being something that looks more like the recent wars that we've had in Afghanistan. And the like.

So I just it really depends on the scope. But, certainly, if we get into a big escalation here. And this becomes something that is like a world war, a true world war. I think we can all pretty much not take a pretty big leap of faith. To guess, that that is not going to be a good sign for our economy, particularly at a time when the economy is breaking down, and the Federal Reserve has been taking steps to damage the economy to do that, quote, unquote, demand destruction. To create higher unemployment. All of those things. You know, not that there's ever a good time for a war. But it will just exacerbate those issues.

GLENN: Okay. I would love for you to look into something else. Right now, Biden is saying, the G.O.P. will collapse the economy. What he's saying, they will shut down the government. That's a lie. You can shut the government down.

Pay your bills. And not go defunct. Can you not?

CAROL: I would love them -- when they shut down the government, they can't spend any money. He's basically setting this up. He knows the Republicans have a strong chance here. And he knows the economy is going into a worst condition. He's basically setting up the blame for the things he has been created. He's already pinned it on things that will happen.

GLENN: Right. I would like you to look at, how the government actually pays its bills. And you don't go into default if you're a nation, if you shut down. There are ways to do it, so you don't go into default. So we can stop this madness.

CAROL: And we can bust this. I have this great deficit myth, when you have a $1.4 trillion deficit on 40 percent more spending. Would love to chat about that with you.

GLENN: Okay. Good. Thank you very much. Carol, we'll have you on maybe later on this week.

We'll cover both of those things. That's Carol Roth. You can follow Carol, @CarolRoth. CarolRoth.com/Glenn is where you will be taken to her page, where you can find all the information she does with us. CarolRoth.com/Glenn.

America's Favorite Villain Is Ready for Nuclear Fallout. Are You? | Glenn TV | Ep 401

In this episode of Glenn TV — a theatrical how-to guide to survive the breakdown of society after a nuclear attack, according to the new movie “Homestead” from Angel Studios. Glenn Beck interviews the movie’s star and executive producer, Neal McDonough, who plays the head of a family trying to survive as society is breaking down in a postapocalyptic world. You’ve probably seen Neal in everything from the hit TV shows “Yellowstone,” “Suits,” and “Justified” to movies like “Captain America,” “Minority Report,” and the groundbreaking mini-series “Band of Brothers.” Glenn asks Neal what it’s like to play a villain so often, how TV and movies are changing, and how he survived Hollywood as a devoted Christian and husband who refuses to do onscreen kissing scenes with any of his female co-stars. They also discuss his battle with alcoholism, what it’s like working the legends like Sylvester Stallone and Kevin Costner, and the cultural craving for Western cinema. Note: Angel Studios is a sponsor of “The Glenn Beck Program.” Get your tickets for “Homestead” at https://Angel.com/Beck.

Biden FLOODED the Government With DEI, But Trump Has ONE Way to Win

With just weeks left in office, President Biden (or whoever’s actually calling the shots) has decided to hire 1,200 DEI officials. Is this part of a plot to undermine Donald Trump’s plans and make it harder for him to rid the government of woke Deep State bureaucrats? Glenn and fellow BlazeTV host ‪@lizwheeler‬ discuss how other Democrats have recently proposed things like this, including a UK-style “shadow cabinet” that would oppose Trump. Liz also gives her advice to Trump on how to deal with these new DEI officials, who will be paid hundreds of thousands of taxpayer dollars to focus on things like “health equity” …

Transcript

Below is a rush transcript that may contain errors

GLENN: Okay. Where were we, Liz?

LIZ: The Biden administration. Although, not Biden. Because he can't tell the difference between a nickel and a dime, trying to sabotage the Trump administration.

GLENN: Yeah. So the latest on this is now Biden is hiring 1200. Biden is not doing it.

But he's hiring 1200 DEI officials, and putting them just under the appointed official. So there will be 1200.

Some of these people make almost $400,000 a year. $400,000 a year! That's your tax dollar!

Will you -- in your -- in your life, your average person, I don't know if you'll ever even -- if you'll ever even pay $400,000 in taxes?

So you could be working your whole life, for that one hire.

And he's hired 1200 of them.

And all he's trying to do is make sure the DEI positions just can't get cut.

I've got news for you.

Donald Trump is going to cut those positions.

He's going to. And it's going to get ugly.

I mean, the ACLU was all over this, saying, oh, we've got plans. We're going to -- we're going to -- this is obscene.

This is absolutely obscene. What the Democrats are trying to do. By thwarting the president.

And honestly, thwarting the will of the American people. Remember the speech that was given by I don't know, some boob from -- well, one of the Carolinas.

I don't want to besmirch the other one for electing a boob. But he was -- he was giving a speech in the well of the Senate. And he said, we need a shadow government. What?

Hold it. You mean a Deep State. Because we already have one of those. And he said. This is a quote.

One of the most obscene things I've ever heard from an elected representative. We failed to make our case. That our policies are better.

Now, in my world, growing up in America, the next sentence is: We need to sit down and talk and find out why we're out of step, with the American people.

His was, but we know we're right. So we need a shadow government, to make sure we put our policies in, anyway.

There's nothing more un-American than that.

By the way, Ted Cruz also said, he thinks there's criminal charges that could be lodged against Biden and his administration for the selling of the steel and the walls for the border.

I think so too. I think so too. He'll probably end up blanketing or pardoning everybody that has either lived by a Biden. Or a Democrat.

Worked for the administration. Everybody will get a pardon at the end.

Honestly, it's like, hey. Everybody, Oprah is here.

Look under your seats.

Because you've got a pardon. You've got a pardon. And you've got a pardon.

Ugh!

Now...

PAT: The Department of Health and Human Services on November 15th. This is posted immediately after President Trump has been reelected.

They advertised for the following position. A deputy assistant secretary for Minority Health. With a salary of up to 221 thousand dollars. This is the goal of this position.

Or this is the purpose of this position.

To, quote, promote health equity.

To promote health equity.

What does that mean?

It means racial criminalization in health care.

It means, if you are seeking, I don't know.

Think about during the pandemic. When there was limited resources. Limited beds in the emergency room.

Limited amounts of drugs and therapeutics, that people could access, in order to treat COVID when it's at its worse.

Well, now you will be screened based on the color of your skin.

That's what health equity is. Health equity is a word used to disguise the reality, that it's just -- it's socialism.

It's discrimination.

It requires, a government official to look at you, and make a decision about whether or not you are going to have access to health care that you might need, based on what you look like.

Not based on the severity of your illness. Not based on your ability to pay. Not based on your request for care. But based on the color of your skin. That's not only wrong and immoral and completely absurd, that a bureaucratic in that position would make over $221,000. That's evil. The left likes to pretend, that you're a racist. Or I'm a racist. Just for voting for Donald Trump. This is evil racism. This is the kind of stuff that we eradicated from our country.

And Biden is trying to plant the Trump administration. With these evil little minions before he leaves.

GLENN: I mean, why are we -- why are we surprised?

How many anti-slavery amendments do we have, to the Constitution.

I mean, it's amazing to me. With very few exception, after ten, most of these seem to be like, oh.

Yeah. Okay.

You're so stupid, you don't understand.

Slaves need to be free. Okay.

Then the next amendment is like, okay. All right.

Let me limp up to explain this once more.

That means, they're Americans, and can vote!

How many amendments are -- are just one after another, especially on slavery.

And, by the way, who was it that didn't understand that slaves should be freed? The Democratic Party.

It -- I swear to you, these amendments are just, God, we didn't think you would be this stupid.

It's already covered!

But let's lay it out clearly, for you.

You cannot discriminate by color! By race! By religion.

We thought that had already been covered, but apparently, not.

LIZ: What I would do if I were the Trump transition team. This is obviously a deliberate effort by the Biden administration. Because within the first ten days after the election, 33 of these jobs were posted on government websites.

So this was -- they were like, okay. Trump is coming in. Let's start ceding the deep state with these races. What I would do if I were Trump transition is I would say, we take racial equality, very seriously. We take civil rights very seriously.

In the administration, of the 47th president of the United States, and anybody who engages, especially a government official who engages in racial discrimination will be prosecuted. And prevent these people from even accepting these jobs. Because they will be threatened with legal action if they do.

GLENN: You can make a legal case. A solid, legal case, that that is exactly right. And that's what should be done.

They would be doing that to us, if we were -- if we were discriminating on race. If we were like, you know what, we're only going to hire white people.

We would go to jail.

Oh, you know what. We're just going to shuffle the deck here.

We're going to look at everybody.

But we lean towards white people.

Did you have Wheaties for breakfast?

If you had Wheaties as a childhood, you're in a different category. Okay?

I mean, we would go to jail. We would be shut down.

It's the same thing.

But don't expect the Democrats to get it.

Did you see the new -- or the DNC chair front runner?

The one they're thinking should be the head of the DNC?

He said, the problem with the election is, the convention should have featured pro-Hamas activists.

LIZ: I totally agree. That absolutely should have --
GLENN: At least they would have been honest.
LIZ: Think about how many Democrat voters, and really prominent people too.

I'm talking about Joe Rogan. I'm talking about Elon Musk. I'm talking about RFK Jr. These were fairly hard-core Democrats, who not only converted to being like, okay. We'll tolerate a Republican. Because it's not Joe Biden.

It's not Kamala Harris.

These people are the biggest supporters of President Trump right now, because of that kind of garbage. So DNC, if you are going to be radical, please be honest and tell us.

Thank you. It's just ushering new Republican voters right into our arms.

GLENN: I respect you, more than I respect people like Mike Johnson.

Mike Johnson doesn't tell me what -- he doesn't tell me what he really is.

What he really believes.

He tells me what I want to hear. I don't believe it. Then he's elected. Then he gets in.

And then he rapes you.

You know, I have much more respect for -- for people who are like, yeah. I'm pro-Hamas.

And you should elect me.

Well, I don't think I'm going to do it.

But thank you for telling me who you really are.

LIZ: Yeah. Great. Let's take all of the Democrat members of Congress. And let's Jamaal Bowman them, let's Cori Bush them.

Because as soon as they were honest about being pro-Hamas, voters were like, actually, we're good.

GLENN: Yep. Yep.

By the way, Hochul has come out. And she has now tried to stir up support to end the electoral college.

Because no offense, Wyoming, according to her words, New York voted for Kamala Harris.

You know, it is so dishonest. And this would -- this would have no space, if -- if we were actually teaching you students, what the electoral college is for.

You want to talk about fairness. Here's fairness: Should New York City dictate what all of New York does?

No!

They have representation. Of all the small towns.

All the farming towns.

Everything else.

New York City, should not be the one that tells everyone else, exactly how to live!

I think there should be electoral colleges in states now.

Because the cities are just devouring, all of the communities outside of those mega cities.

The electoral college is to make sure, that New York, California, and let me say, Texas, doesn't run over all of the other states!

And force how they're living in those cities, and those big states. In Wyoming!

Or Idaho!

Or Alabama!

Yeah. I don't have to live like you do in New York City.

I don't want to live like you do in New York City.

And we have completely different values than you do.

We should have a say, and an even, equal seat at the table.

That's why we have the electoral college. And we have the popular vote.

So you can see. And it's usually pretty close.

This time, however, Hochul, you lost the popular vote!

So you don't really have a case here, on the electoral college.

But you don't have a case.

If you're an American, you don't have a case on the electoral college anyway.

LIZ: Wait a second. Have we war gamed the scenario that you just proposed.

If there was an electoral college on the state level in California or on the state level in New York, what would the -- have we actually looked at a map here. If anybody has done this. Tag me on social media.

Because I am fascinated by this idea. I've not thought of this before. But I -- would we actually swing those states Republicans, if there was a state level?

STU: I bet we would. I bet we would.

You know, every time. Look at Wyoming.

Jackson Hole now controls Wyoming. Just controls it.

Who is -- who is so close to controlling Texas?

All the big cities.

You know, you don't have a chance. When these cities grow so large, they tip everything.

That's why we have an electoral college.

And it didn't used to be this way.

But our cities are becoming mega cities.

Almost states in and among themselves.

You -- you have to balance. Otherwise, the farmer and everybody else, that makes your life possible, in a city, gets screwed.

GLENN: And also think about cheating for a second. If you have a popular vote across the whole country, versus an electoral college system, it's a lot easier to impact the outcome of the entire presidential election because you can have one county somewhere with corrupt election officials.

And if they cheat by 10,000 votes, that could change the outcome of the election.

But if you're an electoral college, it doesn't necessarily.

3 INFURIATING Reasons to REJECT the New Spending Bill

Republican leadership in the House of Representatives is trying to push through a “continuing resolution” bill right before Christmas. But this CR bill has grown so bloated that it’s practically an omnibus, which Speaker Mike Johnson promised he wouldn’t back. Yet here we are again … Glenn and fellow BlazeTV host‪@lizwheeler‬ review 3 of the worst things included in this bill – but just ONE of them should be enough to make every TRUE conservative in Congress vote AGAINST it. First, it includes a 1-year renewal of the Global Engagement Center, which is a State Department sub-agency that has become “the nexus of the censorship-industrial complex” against Americans. Then, there’s an expansion of the “Pandemic and All Hazards Preparedness and Response Act”, which would give the government the power to conduct gain-of-function research in the case of a national emergency. And lastly, it holds hurricane relief hostage. "Does that sound like you’re negotiating with honest people?" Glenn says. Maybe we should just let the government shutdown happen. Turn it off and back on again.

Transcript

Below is a rush transcript that may contain errors

GLENN: So Liz Wheeler is joining me. The Liz Wheeler show. You can watch it on YouTube or on Blaze TV.

She is fabulous. And really, really smart. And actually, a conservative. I know, because early this morning, we talked about the spending bill from Mike Johnson.

It -- what part of that do you like the most, Liz?

LIZ: I like the fact that in order to print all of those pages, we had to have American workers chopping down some trees. Which helps our industry.

There is nothing else positive about this bill.

Here what I would say to Republicans in the United States Congress. Who are there, of course. To represent us.

You don't have to post on X, telling us that you spent the whole night reading this.

Don't even bother. There is one thing in this bill that should an immediate disqualifier. You don't have to read another word after you realize that included, in this 1,547-page monstrosity, there is a one-year renewal of what's called the global engagement center. It's such -- it's such a vanilla sounding name, isn't it?

GLENN: Oh, yeah, and it's not! It is not. We talked about the global engagement center on this program, over and over again.

But I'll bet you most people, even in this audience. I'll bet, don't know how dangerous that is.

And the Republicans are giving it another year's worth of funding. What to do!

LIZ: It's unacceptable. It's unacceptable. The global engagement center is a subagency of the state department. And the purpose or the stated purpose, it was conceived in 2014, 2015, 2016. That's when it kind of came into being.

Was to combat disinformation. It's a narrative setting body. It's supposed to be a fact-checking organization for hostile foreign adversaries.

That's what they told us! Which is funny, Glenn. Because right at the time that they were saying, that they -- that they conceived of this global engagement centered to combat foreign disinformation. Not here in America, they said, just abroad.

Suddenly, everything that you and I say, has been labeled as, oh, that sounds an awful lot like Russian propaganda.

That sounds an awful lot like, you know, someone being a patsy for a foreign government.

And suddenly this global government agency was aimed at us.

It is the nexus of the censorship industrial complex. Which has obviously been used against President Trump.

But think of the Hunter Biden laptop story being censor odd Facebook and on Twitter of old. This global engagement center is behind that.

And the fact that any Republican in the United States Congress could look at this bill, see a one-year renewal for the global engagement center and think, oh, I should read the rest of this bill.

Mind-blown.

GLENN: You need to say no to this bill.

LIZ: Yeah.

GLENN: You need to call your House of Representatives and say, no, no, no.

That's not what we just voted for. No.

And we will primary every single one, that votes yes.

What are they going to do? They are going to shut the government down? First of all, they will not shut the welfare system down. They're not going to shut the military down.

No. Nothing that is critical, is going to be shut down. They should shut the government off.

With everything that we have learned and known. What good are they going to be up to, while we're all thinking about Christmas and New Year's?

Shut it off!

You know what, here's -- here's where I start with DOGE.

This is my beginning place.

Hey. Can you give me a list of everybody who raised their hand and said they were an essential employee for the government.

And has been showing up to work, all through the pandemic.

And beyond. Okay? Good. Give me that list.

Everyone else, you're nonessential, by your own definition, or your boss' definition, you're fired.

That's what it should be. You're not in an essential worker?

Than what the hell are you doing? What are you doing?

Why do we need you?

This government is so bloated. It is so rife with corruption. The best thing -- here -- I've said this for years.

Can we try unplugging it. And plugging it back in?

Reset to factory settings.

If we have these non-stop continuing resolutions. You know what that means?

It means, there is no budget.

LIZ: Right.

GLENN: They're not discussing the budget. They're not saying where you're going to spend -- none of that -- none of that happens.

They just keep saying, you know the budget we had?

I believe in 2008, was the last one we passed. Do you know, Liz?

LIZ: No. It's also a betrayal, by the way.

When you talk about the budget process, it's a betrayal on the part of Speaker Johnson.

Because he specifically promised not to do this. This happens every year. We get to Christmas.

Congress knows that we're busy, taking care of our families, enjoying the holiday.

And going to church.

And they try to cram all this poison through.

Speaker Johnson, you promised not to do this. You're betraying, not only your constituents.

But the entire American public. Give us one good reason, why we should not have a vote to vacate your chair?

Why should we not do that to you? Because you have betrayed everything you've promised.

GLENN: We will probably hear that from Chip Roy in about an hour. And Thomas Massie is just blood shooting from his eyes today.

This is everything Thomas Massie said would happen. Everything we have seen over and over again.

And I want to go back to the budget.

We haven't had a passed budget, since 2008.

What's happened to our deficit since 2008?

Why is it, your family has to live on a budget? Because if you got to the end of the year and went, you know what, I don't have money for taxes.

Oh, well.

I'll just get some from the Federal Reserve.

And I'll write them an IOU.

That wouldn't happen.

That only happens in the Biden family.

Okay. Doesn't happen to you.

You have to have a budget. Your company has to have a budget.

Here's the world's largest corporation, if you will.

Employs more people than any other thing in the entire world. The history of the world!

And we don't have a budget?

How is that possible?

LIZ: Modern monetary theory.

GLENN: Yep!

LIZ: From the Obama administration.

It's the chicken -- I mean, it's coming home to roost. This is what we said would happen. If you stop. If you stop acting like your money has value.

And instead, you just printed at will, you don't have to have any -- government officials.

Congress members, specifically, don't have to have any accountability to their voters.

Because they never have to answer for the question that voters would pose to them and say, well, you passed this bill, and you're spending my money in order to fund whatever your project is. Justify that to me.

But if the Congress members aren't appropriating money, via taxes. They're just printing it. There's no accountability. It is a blank check, for their pet projects.

GLENN: You keep asking, as an individual American.

Because I know, this is the way I feel. What -- where is -- where is Joe Biden finding -- oh, I will send another $900 million to Ukraine.

A week later. I'm going to send another $500 million. Where is the debate on that?

Because if that had to go through Congress, we wouldn't be approving all of those.

He's pulling from all kinds of different budgets. He's just pooling the money. Pull from here. Pull from here. Pull from here. And he's giving it, without any debate. No congressional approval. No budget ramifications.

No one is even saying anything about it. No one is saying, the president is out of control.

They're not even saying, he can't control his bladder or his bowels, anymore.

Let alone, control himself with spending.

And live within the definition of the presidency.

LIZ: Well, here's the thing. Here's the thing. It's a hostage situation happening right now.

Joe Biden can't tell the difference between a nickel and a dime. He's not in control of what's going on. I think you know that.

GLENN: You think?

Hang on. Hang on. Hang on.

You think, or you know?

LIZ: We know. Imagine a situation. Holding up a nickel and a dime. Joe, can you tell the difference?

I don't think so. Maybe he would be like, vote for ice cream, please.

GLENN: Yeah. And also, he's not the president. He's not making these decisions.

If he is -- this is the Wilson administration!

They are -- Wilson had a stroke. He was completely incapable of running anything the last year in office.

His wife was shoving the orders underneath his hand.

Putting her hand on top of his. And then signing his name. That's what's happening here. That's what's happening. There's -- he might be able to sign his own name. But I can guarantee you, he didn't -- he didn't approve 9,000 people. Who did?

Who approved all of those pardons? Who did?

Not him. Not him.

LIZ: We're going to look at those, the signature later. When someone gets a chance to scrutinize it, and we're going to find that it's signed by Corn Pop.

All right. Let me tell you something else that's in this bill.

GLENN: Okay.

LIZ: There's an expansion of the pandemic and all hazards, preparedness with and be response act.

GLENN: Oh.

LIZ: This act. Problematic from the name itself, perhaps.

We can anticipate what's in it.

It allows the government to declare a national emergency.

You know, in the case of another COVID-19-like virus.

Enforce vaccines on us. Vaccine passports on us.

Masking. All the COVID tyranny.

This expands it, and actually gives the government power to do it.

Again, there's a lot wrong with this bill.

If this isn't a deal breaker.

Why even call yourself a Republican?

GLENN: And I do want to remind you, this is a Republican bill. This is not the Democrats -- this is the House. This is the House's bill.

It only gets worse when it goes over to the Senate.

And they're putting it -- what additional powers on -- on declaring a national emergency does our president and government need?

Haven't they --

LIZ: Well, according to this bill, it would give them additional power to conduct gain of function research, of course, just defensively.

GLENN: Wait. Wait. Wait.

I'm sorry. I've got so much blood in my eyes right now. What did you just say?

LIZ: The pandemic and all hazards, preparedness and response act, if expanded, would give the government, in the case of the president declared an emergency, if there is another COVID-19. It would give them the power to conduct gain-of-function research.

GLENN: I -- I -- I wish this wasn't FCC regulated radio. I can't think of anything that's not obscene to say after that.

GLENN: You don't usually, like at this point, Christmas music will cheer me up.

But as a dad, I'm practically vomiting blood. My daughter is on the stage at the Grand Ole Opry. I was on the airplane, and just going true my music. And I started listening to Patsy Cline. I loved Patsy Cline. And I'm like, oh, my gosh, she's going to be standing on the same stage that Patsy Cline sang these songs from.

And that's happening tonight.

So tomorrow, I will be much more relaxed. And less scattered than I am today.

But that happens tonight. By the way, name of her album is Home for Christmas. You can there it wherever you get your music.

And thank you so much. Tonight, she's on with for King & Country.

She's doing a couple of songs before they come out. And for King & Country, if you've never seen them in concert. You need to see them.

They are fantastic!

Okay. So Chip Roy, just read something from Chip Roy. He said, we get this negotiated crap, and we're forced to eat this crap switch.

Why? Because freaking Christmas is right around the corner. It's the same dang thing every year.

Legislate by crisis! Legislate by calendar! Not legislate, because it's the right thing to do. I love Chip Roy.

I do. I do.

LIZ: He's my favorite member.

GLENN: Is he? I think he's mine too. Massie is pretty great.

LIZ: He is.

He predicted this, by the way, I think it was from -- it was early in September, Massey said, I will tell you exactly what the Republicans are going to do. This is before we even knew who was going to control the House. He predicted this to a T.

GLENN: Yeah. They always do this. They always do this.

And we always give in. Because they scare us.

Stop being scared by what the government is saying!

You should be afraid of the government, on what they're not telling you.

What they're doing behind the scenes.

When they say shut down the government, you really think our missiles won't fly if North Korea, you know, pushes the button.

Do you really think we can't scramble our jets.

Do you really think, that our budget -- that this little game that we play, every time people are going to starve?

No!

It's not going to happen. This -- what happens every single time, is they scare people. And they're like, well, we can't shut down the government.

We can't shut down -- yes, we can.

You will be surprised at how much we can take care of by ourself. How sweet ass your life becomes, when the government ain't showing up!

They're holding the -- the hurricane relief hostage in this bill.

Now, does that sound like you're negotiating with honest people?

With good people?

With people that actually care about you?

They're holding hurricane relief hostage?

Hmm. Congress, don't -- do not bitch at me.

Do not bitch at me.

Oh, we can't even read -- you don't have to.

Reject this bill. There's -- there's -- we just gave you three things in the bill.

You should be like, oh, well, that's ridiculous.

By the way, very few mentions of the border in this.

Okay?

Call your Congressmen.

Hey, we're not around the tree yet.

Tube this bill!