« The Glenn Beck Program

Best of the Program | Guests: Larry Keane & Carol Roth | 6/21/22

2022-06-21 | 🔗

Glenn interviews Larry Keane of the National Shooting Sports Foundation over President Biden considering shutting down a firearm ammunition plant and what it would mean for gun owners. Pat Gray joins Glenn and Stu to examine a woke training film for the Navy and the possible correlation with the recent firing of high-ranking Navy officials. Recovering investment banker Carol Roth joins Glenn to go over what is happening with the price of the cryptocurrency Bitcoin. 

Learn more about your ad choices. Visit megaphone.fm/adchoices

This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
A great podcast. Today the supreme court came out with something really really good for religious freedom and school Joyce. Stool have all of that. In today's programme we also told you about: what's going on with ammunition and winchester, the government is in public private partnerships. Somebody at winchester has leaked what's going on. That's why you're fighting at a very difficult to be able to find five, five, six or two to three in the last few days. That's the number one ammunition for the modern sporting rifle otherwise known as the your fifty and the government is trying to stop the commercial sales. On that that's first out of the shoe, we also talk about bitcoin. What's coming in our economy, with carol wroth and is so much more. Today is a day you don't want to miss a second of the pockets brought you buy relief factor if you're in pain every day get out of pain, at least try this please. I know you ve tried everything you ve gone to all kinds of doctors and nobody can either diagnose it or stopping without making you so incredibly sleepy. Here's what I want you to do and let you go to relieve factor, dot, com relief, factor, dotcom or called one. Eight hundred for the number for relief, one, eight hundred for relief for relief factor, dotcom ordered the three we quick start. Seventy percent of the people trying to london order more get out a pain, get your life back with relief factor dotcom. There was a story, I think it was last week in the federalist and we saw it and we began to do our own homework on it because it was
very, very disturbing, and it came out of the federalist democrats claim to engage in talks on by partisan gun legislation in good faith. The white house is behind the scenes. Frankness down nationwide ammunition sales in north. Eastern are sorry northwestern Missouri major government, owned ammunition plan is now facing closure as the bite. Straighten escalates. It's war on american gun owners, the lakes city ammunition factories, one of the largest manufacturers Five, five, six and two to three ammunition It is the most popular caliber for the most targeted firearm in the country. The eight hour fifteen operation since nineteen forty one to produce ammunition for the: u s: army the government contracts with the private firm winchester. To run the enterprise and sell any excess flies to the open market so here's what happen winchester called them.
sorry. The government called winchester, apparently allegedly and said you know you got a cute little business going on here in the end be horrible for something to happen. That business, you noted zayd. So what I'd like you to do Is maybe maybe up cell in the thirty percent of the ammunition to the private market. and winchester said most likely, well. If we do that, then, if there's a war, we can't ramp up to be able to make More ammunition for the war machine, think you heard me you're, gonna stop selling their ammunition. Now liberty. Voices are impersonated in this scenario, but I think that's pretty much what happened there? wise. Maybe we find somebody else to make our ammunition. You know what I'm saying so:
public private partnerships always work out so very well, so we doing our homework it like susan rice was involved in this, but again now restocking because peril afraid of their lifespan, broken one group we have spoke to that no The situation very well is the nationals shooting sports foundation, and we have larry keen on with us, hello, Larry, how area to be with you go, and how are you very good, very good, so you know, I know, I know it wasn't it is more like perhaps with susan rice involved. Maybe it was more, but can you tell me is the gist of what I just said: correct Basically, yes, winds.
Master was contacted by the army that ones are only the lake city nations facility just you runs under a contract and they were told that the army is considering issuing a policy edict in which winchester would no longer be able to sell into the Commercial market access, ammunition above The military to the commercial market which accounts for between thirty and forty Percent of the market for five five, six ammunition, which is the calibre is commonly Jim for modern sporting, Michael. Including air fifteen, would have death devastating effect on the commercial market for
owners as well as to harm nash. Security, security and military preparedness so there's a cup things your first well, let's talk about commercial side. Commercial side, you drop thirty to forty percent. Your price. I've read your price of ammunition would go, three to four times that true obviously you economics he's blind man if you cut supply, It is already strained by thirty plus per cent I have a significant impact on the price commercial market for sure. It's all you're going to have an impact on what? terry pays for ammunition manufactured at a late city after facility because The cost of the economics of running that business no inches
no change dramatically, so the other, the Part of this is for the military, not just in cost, but the reason why, if I'm not mistaken the reason why winchester, has that thirty percent and they make thirty or forty percent of the commercial market is so they have the staff in case there is ever a major war they have. if they dont have to ramp up. They can just check all of that over to the military immediately so we have enough ammunition to be able to fight a war is a true, that's precisely correct in they can't sell onto a commercial market. Those employees were gone that production capacity is gone in a surge situation. Let's say but equally we were engaged in a shooting. A war was an adversary like russia, china, something humility winchester to meet that surgeon demand would not exist. Who would not be able to meet that
whereas now they can, they can simply shift our production from the commercial market too the priority of meeting the, to the war fighter survey: a daughter use gone. Then we can't meat. Charging demands and the price that the military the days were, the ammunition they get now even inane. Absurd situation would go up considerably and found to the commercial market also helps to fund capital expenditures at the lake city facility. So it's not you The other days winchester sell their nation in the commercial market. They they also putting money back into the dvd to capital improvements, catholics, managers at lake city so that against state of the art and can be searched, demands for them, jerry
So as this was revealed last week, we had some congressmen start to write some. Right some letters to the white house. Some: press started to sniff around least hum On the right side, we started to sniff around and immediately the gates are goes to the white house, and they say this is, and I want to quote them here the reports. A possible ban are way off. Haha We recognise that look like you, know, go ahead his eyes early, woefully uninformed of the facts, because there was a meeting at the highest levels of the military on friday to discuss, this very issue, or they are not being twizel, but it is due to happen. It is happening.
And there is a letter from fifty out members that has gone to the white house yesterday, led by congressmen thinking, are similar in whose district we like heavy facility is located ass arab once office. promissory, has been engaged in this issue as well, so that in two thousand, Fifteen the obama administration tried ban ammunition under this, in what legal clearly that it was somehow armor pushing ammunition is not by definition, armor piercing ammunition, hold on. I do say it because that, because that's really important, because I just read another story today that said that his armor piercing ammunition. Now By definition, it's not. What does that mean? Go? Look up. the gun control acts actually nine twenty one. Then you can speak
the definition for armor ammunition The gap is half empty. Five by green termination, it does not meet definition of armour pushing ammunition. It is not by law armor. using emanation, so obama administration separate in two thousand and fifteen to somehow declared on repeating emanation, was withdrawn in when there was a reaction by congress in They were over three hundred thousand comments, public comments to a notice that eighty I could put out they backed off unable to do to make illegal, thereby demonstration hours trying to make it unavailable and this is all because they can pass on boy sporting, so the carrying out of spanish ammunition without burning any bridges here, because I think it's very important that we know the truth and I I certainly dont want to cause any trouble.
how do we know your information is accurate. How do we know the white house is lying here? We have direct conversations with officials at winchester, and we have a conversation with a center a blunt and guardsman horseless office, so this is in fact happening and the immigration again I've the person making a statement, is woefully uninformed of the true facts or is leading the public. another way of saying that is lying. The white house has been lying about many things. They continue to say. Things are conspiracy theories or their or inaccurate and then all of a sudden. What do you know it turns out to be true. Has this, sir, Do you know? Is the is the pressure off of of winchester is
not going through now they ve been lapped we have and informed that is, It- is definitively ban withdrawn and is no longer being considered. This is not the first time we ve seen an apple pie first obama, now Biden, to ban discrimination to make an unavailable, so we are going to continue to pursue this issue to ensure that this is not no longer a recurring problem and that that whoever holds the contract for the lake city facility has no right to sell this access ammunition into the commercial market because again, if necessary, for military preparedness, it's important When the taxpayer- and it helps to to fund capital expenditures at the facility, it's important, oriented work
circular memorize, be exercised exactly right, exactly Larry is there anything the public can do. Maybe you should contact their elected representatives in washington to congress, and their representatives and insist that this. This issue be fixed once and for all. So we D have to revisit this. Every couple of years and we fix it once and for all. We know clear and statute that whoever holds that contract has the right to sell this ammunition in the commercial market. For the reasons I have just talked about, thank you so much The latter are appreciated. I appreciate everything you guys are doing: keeping second, amendment right safe. Thank you briefly. We'll stay in touch: that's larry, king he's from the national shooting sports foundation,
the Missouri ammunition plant that the binding ministration is trying to curtail, which would cut off a third to forty percent of the the two three and five six ammunition, which is the ammunition used by modern sporting. This is the master, the Glen back programme, and we really want to thank you for listening. What I'm about to talk to you about today will not be mentioned by the mainstream media. They definitely will not be addressing it in the Biden administration and Doubt the department of justice is doing jack squat. This, the closest to a mainstream media outlets that anyone will get for jaynes mogyns revenge, two weeks
the department of homeland security issued a terrorism threat, advisory but bulletin where they warned, and I quote in jewels who advocate both for and against abortion have on public forums, encouraged violence. So if who are pro life apparently you're, just as dangerous as some of these insane abortion enthusiasts that are showing up to the supreme court justices home. Bindings d o J has equated the current break out of violent acts surrounding abortion to both sides of the equation. How the participants of the march of life, if showed up to a supreme court just as some music. to do even march, let alone sharp to kill the family research council tallied up over the recent violent attacks and found that there have been over forty incidents involve blow pro life organizations and churches sent,
the leak on the dobbs decision and the tax spanned the entire country, washington dc washington, state georgia, Texas, maryland virginia, was constant. New york, Michigan everywhere, Now imagine if a wave of terror attacks banning the entire country began breaking out over the cause considered right wing. work. Conservative, How do you think vitamin d o J would react? How do you think the media would react to this? We know the answer- but this is a relatively new phenomena when it comes to terror. Back in the night sixty seventys and eightys, we knew exactly what the left wing extremist were all about, we were fighting a war against global communism and we knew that fear was their weapon and both the government and the media called them, on it just a short list of some,
left wing, extremist groups, the weather underground, the symphonies liberation army, the united freedom front, effie Alan and the main eyeteeth communist organization that included members of the black panthers ii, with an active campaign to expose them and at them and prosecute them. These left wing terrorist were responsible for an insane amount of criminal acts and bombings and murders. Imagine what would have If the government in the media of to day were operate, back. Then we ve got a little taste the Democrats began to turn a blind eye to the left wing violence in the nineteen nineties, things began to spiral out of control. We ever heard of the animal liberation front or the earth liberation front
most happened, but between one thousand nine hundred and ninety six and two thousand and two they were responsible for six hundred criminal acts that caused over forty two million dollars in damages. But those guys are keys the lives matter and in tee for violence? In twenty twenty alone, resulted in multiple deaths and why to two billion dollars in damage. We went from a nation of laws and law enforcement to a nation of no I'm re. Imagining this violence is mostly peaceful. Its most Lee peaceful fire bombs, murders and chaos. The problem is the democratic party just stopped caring They realise that fear is a very powerful weapon and in two thousand one bill Clinton. Hardened patty hers to help one radical marxist group. Commit armed. Robberies, then
He pardoned whether underground members, Susan Rosenberg and Linda Evans, rose in burg was convicted of possessing seven hundred and forty pounds of dynamite in evans was convicted helping to bomb the? U S, capital, you you see, the pictures recently it was much much much much worse. anything that happen on january sixth,. So in twenty seventeen obama and commuted the sentence of oscar lopez route rivera. He Help leave the marxist group effie l and that group, from nineteen seventy four to nineteen, eighty, three, as he was leader, they were responsible for more than a hundred and thirty bombings. Four deaths and dozens wounded Are you noticing a pattern here? The people, are getting released by our democratic president's. Are all terrorists.
This- is the modern american left. They parted or commute the sentences for marxist terrorists, but a nation wide campaign to attack churches and pro life organization. Goes on now in silence. Why? Well I think its consistent? They refused to bat an eye when the sun of two, whether ground of underground members, Jesse how do you say less they booting the am just a burden who run the district. You runs for district attorney in San francisco, that is, that is the sun They try and run pr as he's blame for massive crime waves that ultra we ended in his recall. The democratic party they see fear as a weapon. clean waters, told her supporters to follow the gnp politicians everywhere they go. It's like
ellison tweeted a photo photo of himself holding a copy of the teeth a handbook its jen saki would never say the abiding administration condemned the abortion protest outside of Cavanaugh home. They want you to be afraid they want you to be subdued. They want you to be broken. Over forty attacks on pro life organizations and churches It appears that the justice department is ignoring it. Where are they. Let me show you again a poster from the night of rage. This is a poster that is on the streets of the district of columbia. Today, as we wait for more results from the supreme court posters, everywhere in new york dc call to action night of rage? The union, scottish overturns rovers is weighed hit the streets use. You'd riot too.
oppressors? If abortions aren't safe, neither are you jaynes revenge where's addio the j on this in may ro life organization, medicine, wisconsin, attacked with molotov cocktails. Also vandalized, with the words of fortune's, aren't safe. That neither are you. familiar now it wasn't immediately known who is responsible, but an anonymous intermediary reached out to investigate a journalist, Robert Evans, claiming responsibility, I'm sorry they reach out to investigate rapporteur robert evans, claiming responsibility. It was too he told the first communique that first communique was found on the dark web. You know where nobody, I know lives. The group calls themselves janes revenge that comes from a nineteen seventies era group that performed illegal abortions, called the janes collective.
now listen to some of their own words from the first communique quote. This is not a declaration of war war. has been upon us for decades. This was only a warning. As you continue to bomb clinics and assassinate doctors with impunity, so too Shall we adopt increasing extreme tactics to maintain freedom over our own bodies? we are forced to adopt the minimum military requirement for a political struggle. Again, This was only a warning. Next, the infrastructure of the un's slavers will not survive medical imperialism will not face a passive enemy. Whiskey. It is the first flashpoint, but we are all over the. U s and we will issue no further warnings and we will not stop. We will not back down, nor will we hesitate to strike. We are
one group, but many we are in your city. We are every city James revenge is that not terror. Is that not the very definition of a terrorist group. This warning came out, may eighth. On may thirty of James revenge issued another communique announcing a night of rage which they are holding secret for the near term and the near future. We believe because of the posters that have just been put out, that that is for the night of broken glass. If you will the riot the night there. Ro verses wade may be overturned now imagine what would and if the weather, underground or may nineteenth communist organization bombed, a government building then announced a night of rage in the near future. If they were
stocking our supreme court justices. The fbi. Deal J and every other alphabet agency would obey all hands on deck in all of government responds to find them and Exam down then where's. The department of justice, where Joe Biden addressed to let the public know that they condemned this group and there given investigating the warnings have gone unanswered and one week later, a pro life facility operated by compass care in buffalo was the next to be fire bombed. One week later genes, revenge the credit for the attack They were also listed, listing other attacks. that they were involved with quote you may have seen us in madison, wisconsin, fort collins, colorado right, your town, massachusetts, olympia, washington, d, moyne, iowa lynn.
would washington, Washington, dc asheville buffalo hollywood florida coover washing in frederick Marilyn, dent in texas, gresham, Oregon, eugene, organ portland, Oregon, amend and about many others, and we were in countless locations, invisibly, quoting Your thirty days expired yesterday. We offered an honourable way out. You could have locked away, but now the leashes off and we will make it is hard- is possible for you to campaign, and continue. Your campaign of aggression, oppression, we have demonstrated in the past month easy and fun it is to attack from here forward. Any anti choice group who closes their doors and stops operating will no longer be a target, but until you do it is open season, and we know where your operations are again.
Where is the department of justice they ve, ready claimed responsibility for at least seventeen attacks there more than twenty eight hundred pregnancy clinics in the country. How hot? How far does this have to go before Biden? Does his job. We ve been looking into this organization trying to find its funding. It appears Structure is specifically designed to be vague, salsal suspiciously exactly the way antifraud operates. We spoke, some pro life organizations that voice suspicion that jaynes revenge could in fact be members of t fa, we're still looking into it their organization as well as our graffiti is very telling. Some of the buildings that they have attacked have been tagged with the anarchist. A common with antigua. They also spray painted the numbers. Thirteen twelve, which stands for ace, a c, a b, a cab
All cops are bastards. Does that sound? like a pro abortion person? Talking to you. For years we have asked the government to do something about antigua president trump cried the label them as domestic terrorists, but it never went through that inaction contributed to the summer of rage and twenty twenty and their further inaction has now put pro life organisations even greater risk, and at this The only way to get binds deal J to take notice is, if your apparent that like see our t, org, actually explicit material in your kid schools, or He happened to be on Washington dc small on January six, that's about it!. If left his terrorist group violently attacked a pro life organization, declares more attacks in the future, no deal. if you just follow the trends from the Democrats over the past few decades, this is now
surprising. Nor will it be surprising what happens when The left unleashes war honor streets for fear is their weapon and gratulation who everybody wanted. A return to normal sea would Joe Biden. welcome Joe mines. Amerika you are listening to the best of the glinda programme is actually we're. Goin crypto currency thing over or what what's happening, whereas I always liked You know. If I had the perfect crystal ball, I would be on my yards in the mediterranean as though the so I think that the
Sir, is there is a it interesting, bull, kazan, an interesting bear kazan and we have to feel kind of leave it up to the people to decide. What's happening with the price, How is really used tat jane of veto what goes on and when there is fear in the markets and bitcoin for all the times. The people said it was a hedge has never been a hedge. This has been a speculative asset, that's trying to find its footing and maybe become a hedge in the future, but it has been a speculative asset and as we ve had all of this money pumped. Into the markets via the sad via the stimulus, everything has gone up, then bitcoin has been a beneficiary. So now that the fed is reversing course, we don't have stimulus we're getting name monetary policy. Everything is going down and bitcoin is going down with that plus there
is this sort of spiral of facts you I don't know if you know this glenn, but people are greedy and they. can't just be happy with the prices of things going up so when they see stuff going up Often once you double down an so they'll take off on loans or thou pledge some of their assets as collateral. You get loans in order to buy more big, and which is great when it's going up, but when it starts to come down. Then you get. The margin cos from your financial institutions. They don't have enough collateral to back this. What are you but to do as that creates a lot of downward selling pressure. So I think there is a lot of flushing out of the leverage. There is the kind of that contagion effect between the market. and you know that. I think that for a lot of the novices who have been lured and in some cases by
Bad actors does that there there are some very smart people, weren't bitcoin, and there are some really questionable actors were in bed coin, for those the kind of had this marketing machine and lord and the novices that NATO can explain to you the gold chain as but they can't explain what blockchain as but there are still double down in bed coin. I think a lot of those people, you know and tend to be first wants to go out because they don't have an on fiction underlying investment. These does there just trying to that there, the foam, o people, the fear of missing out so I have I bought bitcoin. fortunately, when mark andriessen sitting in his office, told me to buy it, which was aunt. Em intense of pennies, it later- and my wife is said to me this long term we're not pulling it out we're not pulling our not pulling it out, and so we haven't pulled it out,
it's a little freaky about. I wouldn't pull it out, because I do believe that something like bitcoin is going to be the future. My only fear is what the government key due to it. That's only thing that is a doubt in my mind. Otherwise I'd be buying more bitcoin today you know I mean because I believe I believe in it, except for the government yet, and that a huge option, because governments around the world retain power. By having control over the money supply and there actually trying to use the interest in bitcoin to kind of trick people into supporting the central bank's creating their own digital currency, which is not crypto. It's not decentralized. They own but it's digital and a lot of people dont really sort of appreciate the nuance there. So I think that
is a huge risk. There's no way sovereign nations want decentralized, financed to become a thing, so they're going to do everything they can to fight it. We ve already seen reader potential proposal and potential legislation. So I think that makes it. very, very serious risk and others, a topic. I think that's related to this. The people need to understand and it's the concept of total reed hearns verses, risk, adjusted returns. You can go out and spend a dollar on the lottery ticket and you could win the power ball. You could when it under a million dollars. Your return is phenomenal, but on a good, just holiday says for every person who does that most people are going to lose the dollar, and so you're looking at these speculative assets alive? Tat people are looking at total returns, all look at how much it it's returned, but you're taking on a lot of risk to do it. So
really needs to be treated in that asset, clad that speculative asset class and, like you said you know me It's a small amount of your portfolio, but you have to look at risk. Adjusted returns, not total returns carol. I want to talk to you about something that I've been reading a lot about from from people like you. Economists etc, some are saying, and some are denying that deflation is coming and as I was reading. I been studying up on the great depression recently. and as I was reading, what what happened there, the thus market crashed and every boy beef freaked out, and they ran to the banks. We saw it's a wonderful life, they ran to the banks, they got their money out of it ex closed, they had to reset everything but
people were so fearful that they held on to their dollars and they weren't spending those dollars and so as I'm I'm reading this and I'm thinking this seems like a oh brainer to think this is coming and I'd like you to talk me down from this tree I could very easily see situation where our food and our fuel. is so expensive. It breaks the back of most consumers they just are, they're just living for food and fuel and heat, and you know their living at the bare necessity, which means they don't have any money to go out and buy new clothes. They don't have anything to by non essentials. Would it not b. Is it not possible to have super high inflation on some products and super load deflate.
Prices that are are crazy because the leg. No, buying them in the area. Categories is that possible have both of those yeah? I think that that the bastard lg4 for that was, would be a kind of the seventies and the something that looks like stagflation, where they economy stagnates at stagnating. Like you said as all of the money is being sucked up in a couple of cattle where is in there really isn't a lot to go around and other places. There is not a lot of investments being made and what not, but we still end up having high inflation and we are certainly a lot of people feel like we are in that sort of stagflation, you're arena right now, you and it can can you on the trajectory, but you have to remember in terms of deflation in that's what the federal reserve is trying to do. They are actively trying to deflate you're, not just the bubbles and assets but they're, trying to deflate spending to cool
the economy. That's why they're shedding their balance sheet. That is why there are raising their interest rates. It is meant to cool. our demand and that's the math problem that I keep talking about here. They keeps oh, the consumer and and businesses are going to save us from a recession, but at the same time the policy is meant did you the exact opposite? The policy is meant to to make it so that people aren't able, you spend in the same way so that those two objectives are at odds with each other, and so I do think that we can and up in this prolonged period like you said where the inflation hasn't quite got under control, especially because we have so many supplied in demand imbalances in our economy, and we have a labour imbalance. We have food imbalance, we have a housing and balance, we have an energy imbalance and we have a commodity imbalance and It is not going to be pseudo solves by any means
terry policy. That requires real action and we don't have leadership, that's willing to to lead or, frankly do anything. So so we have, as I say, we're looking at a situation again, I'm going back and in an please correct me where my thinking is off, but I'm going to the great depression, so people were afraid they held on to their money. They spy what they had to and what they could afford. But nothing else that caused the labour market to shoot out of control to undo the two by twenty five percent unemployment at because the factories, were closing down, because no one was buying anything from the factory which then in turn made after your say, we're gonna the hoover, damn to give people jobs. But it was all the government money which we you've just caused more inflation. Not mistaken. Had it not
and for the and to say it this way, but the saving grace of the second world war right where, where we in a death spiral, in that the war was definitely at a different kind of reset, and I think that you know a lot of the logic that you're talking about makes sense. Your consumer sentiment is really important and it becomes a self fulfilling prophecy of people. Don't feel calm and they don't go out and spend their worried about their inflation and being able to feed their family and and get to work there aren't going to spend. I think there are a couple of things that we have that our different. It is not necessarily better for the average americans. I just want to be clear. that I'm on your side and I'm not saying that it's better. But because As of this huge supply and demand and balance and the labour market, you know we have two jobs available for every person. Looking the likelihood is that that probably
trax to be you know, of a better match, then having massive unemployment. Just because the other scenario is going on and I also have a whole slew of americans who are doing you have done very well and they ve been the beneficiaries of this giant wealth transfer from main street to wall street. So I think we're gonna You know a lot the different outcomes. You know that inequality that's been driven by government policy and that's never a good thing, because indeed the social unrest that comes with that and rightfully so, because yet these policy, these have really put the middle class, the working class and, in some cases, the lower class at risk to the benefit of the
people on the inside, and so the numbers on average may not show how dire the situation is. Is there going to be able to spend and say, okay everything's great in the consumers doing well when people are really struggling- and you know that's where we're going to and you can just be furious and demand something be done about that, carol. Thank you. So much for everything you do. She's just may issued a new paper, a new peace for the blaze, what they is going on with bitcoin You can find that at the blaze dot com, the blazed com, what is going on with bitcoin by corrupt, Thanks girl, gabbler. Thank you,
Transcript generated on 2022-06-22.