Glenn Beck (44:24)
I have a stockpile? Are you kidding me? Unfortunately, I have a lake right, right by my house and all of my ammo keeps falling into it. It's weird. Anyway, you just sign up. This how it works. You sign up, you pick the caliber of ammo that you want. They've got over 70 to choose from. You set a monthly budget and let the system go to work. Every month. Ammo Square buys and stores that ammo for you in a secure, climate controlled warehouse. It accumulates over time. At any time, at your pace, your budget, you can have it shipped to you, right to your door. No panic buying. No store hopping, no blowing paychecks on bulk orders. Ammo Squared gives you the power to stay ahead without the stress. It's the easiest way to be prepared without the hassle. So head to ammo squared dot com. Take the work out of buying ammo 10. Sorry, 100,000 members cannot be wrong with their five star ratings. Ammo squared dot com. What makes a great pair of glasses? At Warby Parker, it's all the invisible extras without the extra cost. Their designer quality frames start at $95 including prescription lenses plus scratch resistant, smudge resistant and anti reflective coatings and UV protection and free adjustments for life. To find your next pair of glasses, sunglasses or contact lenses, or to find the Warby Parker store nearest you, head over to warbyparker.com that's warbyparker. Down the road where shadows hide. Feel the dark on every side Stand your ground when times get dark. Gotta face the dark and embrace the fire. The fusion of entertainment and enlightenment. This is the Glenn Beck program. Hello America. The fat pill. Remember the one we were promised as a kid? You'll just take a pill and the fat will just fall off. You won't ever get fat. Really, I've wanted that ever since I was a kid. Yeah, I was a fat kid. I was. Well, not. I mean, I was always a fat kid on the inside. You know, even if I was skinny, there was a fat kid trying to get out, but always knew I'd need a fat pill. Need a fat pill. You know what I mean? Everybody could use a fat pill in America. It's out or will be soon. But stocks are already going through the roof even though it hasn't been FDA approved. We'll give you that story here in a second. Also, the Fed chair's termination can't come soon enough for Donald Trump. We'll give you the update on that. There's a war between Donald Trump and the, and the central bank, the Fed, the Federal Reserve, what a surprise. They did it to Reagan, they're doing it to Trump and, and global free trade. We're going to get into that here in just a second. First, let me tell you about real estate agents. I trust when you're buying or selling a home, it can feel like stepping into a maze. There are contracts, paperworks, appraisals, inspections, maybe worst of all, all the deadlines. And at every turn there's a new decision that you're supposed to make. You know, you've done this a hundred times before. That's why who you work with matters. Okay? Because they've done it a hundred times or a thousand times before, but you really haven't. It just feels like it. You don't need somebody who just shows up with a smile and a business card. You need somebody with hustle, somebody with heart, somebody who's been through this maze before, knows exactly how to guide you through it and who listens to you. That's what you get when you get Real Estate Agents I trust, these are the agents we've vetted incredibly thorough. We look for experience, the results, the character, the values, the kind of people that I would trust with my own family's move. They know your market. They know the process. They know how to fight for you. With billions of dollars now in sales, Real Estate Agents I trust has a whole bunch of happy customers now because we'll line you up with people who, honestly, many times, they become friends. If you're moving across the street or across the country, when you're finally ready to make the big move, all you have to do is go to real estate agentsitrust.com we have real estate agents all over the country. If we don't have one, we're not just going to recommend one. We'll just tell you the truth. Can't find anybody in your area. Good luck with it. Real Estate Agentsitetrust.com all right, so last night I did a show on trade. And this is something that Stu and I have been talking about and kicking back and forth because I am a free trader. I believe in free trade. However, I think that there are things that have truly changed, and it really goes back to World War II and then to the 1970s and then to NAFTA. And we've shortchanged ourselves every step of the way. And just. It's gutted us. It's gutted us. Can we play cut 8? This is from last night how NAFTA has affected all 50 states. Listen, the promised prosperity never showed up. The NAFTA winners were Mexico and Canada. Remember, he started that whole thing with expanded global trade. NAFTA turned Mexico into a manufacturing haven. US Companies, including Ford and gm, raced across the border for cheaper labor and to make auto parts and electronics. During the first seven years of nafta, Mexico added a million new manufacturing jobs. Good for Mexico, not good for us. In 1993, Mexico's exports to the US totaled almost $40 billion. By 2000, those exports totaled under 136 billion, over 300% growth in seven years of NAFTA. The US now has a trade deficit with Mexico ranging from 15 to $171 billion every single year since 1994. What does that mean? That means we're buying a lot of stuff, but we're not selling a lot of stuff. We're not making stuff. We're buying stuff. What about Canada? Well, they hit the NAFTA jackpot as well at the end of 1993. When NAFTA was signed, Canada enjoyed almost an $11 billion trade surplus with the US. By the year 2000, that surplus was over $52 billion. And just like we have with Mexico, the US has a trade deficit with Canada between 13 and $78 billion every year since 1994. It's a sweet deal if you're Canadian. Now look, I have no problem with prosperity all over, everywhere. I don't want to hurt other countries. But I do think it's right for us to care about our country to make sure it doesn't slide into the abyss. Meanwhile, while all that's happening, by 2000, the US had over 766,000 job losses related to NAFTA. Where's your prosperity? Some states were hit harder than others, but NAFTA related job losses affected all 50 states. American factories became empty shells. Now that's just not a stat. That was 766,000 families wondering how are we going to pay our mortgage? It is, it's remarkable when you look at the full thing and you really have to understand because I am a free trade guy, I am. But we have done things and signed treaties from 1946, then 70s and then the 90s and we, we, we made bets that I think were bad bets. And there's no problem on trying to help. You know, the reason why we have a lot of these tariffs over in Europe is because in 1946 we decided we needed to help recru rebuild Europe. And that's good, that was a good thing and, and a righteous thing wasn't necessary that we did it, but we wanted to do it. Well, now there comes a time when we need to rebuild our own country and that's not at the expense of others. It just, we have to pay attention to our own country. And if you talk to people, you know, especially with the World Trade Organization, maybe even European Union and Canada and even China, free trade is what we have or what we had. And then Donald, Donald Trump came in and blew it up. But if that's what they believe, I want to take you to just one guy. Joe Carmaker, Toledo, Ohio. Okay. He's a dreamer at heart. He builds sedans to rival the very best. Okay. Joe has a vision. His cars born in America, gleaming from the lots of Detroit to Dusseldorf. He builds a great car. But is the trade free? Is it fair? Well, let's take one of Joe's cars, was going to take a trip bound for Germany. $30,000 car bound for Germany. Now this journey, as Joe knows, all too well, is a wake up call. Joe Sedan rolls off the line. A marvel of steel and sweat, all for $30,000. And he dreams this is going to compete in Europe. This is just, just as good as anything they have over in Europe. And it's cheaper. It's cheaper. People crave quality over in Europe. The world's not a level playing field. I know, but I've just made a better car. So the car hits the docks bound for Hamburg. Shipping costs are $1500. Insurance another $450. Now the cost of the $30,000 car is $31,950. Before it even smells the salt of the ocean, Joe takes it on the chin. Cause he knows that shipping fee and insurance are part of the process. That's the price you have to pay if you want to show off your creation to the rest of the world. You got to get it over there. Okay. But he doesn't necessarily account for what comes next. Joe. Joe's car, now at $31,000. Docks in Germany. And now the EU. The gatekeepers pounce. There's a 10% tariff because it's coming from America. That's $3,195. They strap that onto Joe's dream just for crossing the border. Why? Because the EU protects its own. America has the doors wide open. EU says, wait a minute, it's coming from America. Slap tariff on it. Okay, so Germany's cars just. They waltz into the U.S. with a 2.5% tariff. Fair? You tell me. 2.5 versus 10%. Joe's car is now at $35,145. And we're just getting started. Next they have the value added tax, the VAT tax, 19% in Germany. That's $6,677. Hit on the tariff price. That's not a tariff. They say that's just a tax. Okay, but it's a tax on Joe's car. It. It doesn't happen on Volkswagen. That skips the import duty. So he's having to pay almost $7,000 just on a VAT tax for the import of the car. But he already paid for the import tax. So add another $105 customers fee. Joe Sedan now is at $41,927 before it leaves the port. Free trade. Well, more like a toll road with no off ramp. Next, the cars hauled inland $315 to a Berlin dealership. The dealer smelling profit. Tax on 15% margin at $6,289. Now the car is at $48,531. And Joe's dream is fading just a little bit. The dealer says, you know, we're just going to round up. It's going to be $50,000, round and proud. Okay, but wait. Now there's a VAT again, 19% on the sale. So it's $95 for the buyer. The dealer offsets the import tax, but the consumer's stuck with a full bill. Now toss in $315 for the Joe's car. Hits the lot at $59,815. That's double the price that it was when it sat on the lot in Toledo, Ohio. Now it's the same price, maybe even a little cheaper than a BMW. Is Joe's car as good as a BMW? That trusted brand? This is a rigged game. Picture Joe back in Ohio, staring at his factory floor. His thirty thousand dollar car, his sedan built with American grit, cost Germans sixty thousand dollars. A BMW made in Munich. Munich skips all the tariff, ducks all the import vats. It lands thousands cheaper. And Joe's car, it's priced out. His dream is crushed by tariffs. I, this is why I'm a free trade guy. I don't like tariffs, but if you're going to have tariffs, then we should have tariffs. And maybe, maybe, just maybe, that it's time we start thinking about ourself. You know, I am a free trader, but is our country in good shape? Can we continue to do the things that we've always done by giving everybody else the benefit of the doubt? I mean, this is not the tale that is spun by, you know, all the suits, not all of the, you know, Brussels and Beijing. They're not telling this story. Do we have free trade anywhere? I mean, real free trade. The reality is it's a gauntlet of fees. It's a maze of levies. It's a system that we've played nice with for far too long. We've taken it because a couple of reasons. One, we're good people. After the war, we wanted to rebuild Japan, we wanted to rebuild Germany and the rest of Europe. So we just said, hey, let's do what's right for you guys, because you guys are really suffering. And it was, it wasn't that. We're just, you know, Mother Teresa. It was good for us. It made sense. We wanted them as a trading partner, we partner. We also wanted them to be safe and secure because if they're not safe and secure, we're not safe and secure. So it was good for all of us, all of us. But there comes a time when you're like, hey, we have our own problems here at home. We really need to concentrate on ourself here a little bit. We need to pay attention. We've. We've tried to. You know, have you ever seen a mom who just works her fingers to the bones for her kids? And she's doing all the right things, and she's not doing it to be some hero. She's doing it because it's the right thing to do. She's just a good mom. But at some point, you know, the doctors and hopefully her husband and even her children will go, mom, you got to stop. You got to stop. You can't take care of any of us if you don't take care of yourself. That's where we are as a country right now. We won't be able to help anyone if we don't stop and help ourself first. By the way, if Joe happened to be building cars in Japan and sent a car from Germany to Japan, another country that we rebuilt, do you know how much the tariff is? You know what it would cost the Japanese car? How much would be added to the Japanese car? Zero. We rebuilt these countries, and it was our doing, our choice. But it's time that maybe we stop. We stop. Okay, we stop. When does a person like Joe get his turn? Ask the middle manufacturer in middle America about free and fair trade? Because as it stands right now, I'm not sure it's free or fair. This is a hard debate that America has to have. This is a debate that I don't even know if I'm on the right side. I honestly don't. I've always been on the other side. But I'm to the point to where I know what's coming. I know the price we're going to have to pay. I know how bad it is if we keep kicking the can down the road. It's the same thing that we're doing with Social Security. It's the same thing we're doing with spending. It's the same thing we're doing with everything. And we don't do anything because no politician will tell you the truth. No politician has any idea or the guts to do it or the guts to do it. They might say they have the guts, but then when it comes to it, then they start getting pressure and they immediately back down. Do you know the kind of pressure that I think Donald Trump is under right now from the whole world, from the Fed, from everybody else, people in his own party, you imagine the pressure this guy is under and yet he's like, no, I believe it's right. When's the last time you had a president that did that that wasn't doing it for politics, was doing it because he actually, he might be wrong, but he's actually doing it because he believes it's the right thing to do. Name the last President Reagan and what it was he doing it on? The last big threat we had to our nation, Russia, Communism. This threat is just the threat of us not doing the right thing. This isn't a threat of, of, you know, some foreign ideology. Although we have those. This one's just, can we stop spending money? Can we stop giving everybody else a break and having this weird self hatred so much that we're like, no, you know what? Everybody else should get the break. We shouldn't get the break. No, no, no, no, no. At least for a time period. Maybe we should, maybe we should say, hey everybody, we love you, but we got to take care of ourself. I think that's what Donald Trump is doing more in just a second. You've been powering through it. The backaches, the stiff knees, the shoulders that haven't moved quite right since. I don't know who even remembers when. And you've always told yourself, well, it's just because, you know, I'm getting older, it's just whatever. And you've tried to laugh it off and you've learned how to work around it. But let me ask you something. When did you start settling with pain? Because pain isn't just pain. It's exhaustion, it's, it's frustration. It's missing out. It's silently shaping you to say yes to what you have to avoid. Okay? It's, it's starting to run your life and ruin your life at the same time. It's time to see if you can stop that from happening. And it's relief factor. It was made for people just like you, people who push through it and shouldn't have to. The target, the target is inflammation because that causes most of our pain and honestly most of our disease. With four key ingredients, all 100% drug free and, and for hundreds of thousands of people, it has helped reduce or eliminate pain and bring back freedom like it has in my life, real lasting freedom. And you can have it for 1995. Just try their 3 week quick start drive for 3 weeks, take it as directed and see if it doesn't make a dent in your pain. Less than a dollar a day, 800 for relief 800. The number four relief relief factor.com 10 seconds. Station ID. So the, the ECB, the European Central bank is expected to cut interest rates now for the seventh time. And Jerome Powell at the Fed is, is issued a report yesterday which was Donald Trump says another complete and total mess. He's like, not. We're not gonna lower the interest rates. He is now declaring war on the Federal Reserve. Oh, things are gonna get really happy and good when he does that. That's a war that. Who's ever won anything of anybody. Who's ever won that? Stu. Last person I saw do it was Ronald Reagan and he was tough as nails. And he immediately was like, you know what? You know what? I love the Fed. I love the Fed. The Fed can destroy the economy. And he said too late. The, the, they should have lowered the interest rates like the European Central bank long ago, but he certainly should lower them now. He's. He's talking about the Fed chair. He said Powell's termination cannot come fast enough now. I don't think he can fire him. I think he's waiting for his term to be up. Right. Can he fire the Fed chair?
