« The Glenn Beck Program

Best of the Program | Guests: Rep. Chris Stewart & Carol Roth | 2/25/22

2022-02-25 | 🔗

Pat Gray joins Glenn and Stu to discuss the Left's sociopathic priorities. Rep. Chris Stewart joins to discuss Russia and the possibility of cyber warfare. Glenn talks with author Carol Roth about the banking system SWIFT and how to prepare for a possible economic crash in the wake of the Ukrainian invasion.

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This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Look after the podcast today's programme. We over everything was going on in Russia and Ukraine and we go through that of including the real tragedy.
The true, don't bring it? Let them here it so he says they're gonna its, I know, but I don't think you you're going to have a shock. Don't have it don't have a double shock: you're gonna go into mourning and then you'll hear the pod gas any also in mourning. Again it is shocking, horrifying and a true. The true tragedy behind Ukraine we also have restored is on the programme today. Talking about the cyber threat we have Carol Rock on the economy. Pack, gray is with us great show: domestic go to place tv to accomplish Glenn Promo Code is Glenda, see ten bucks offer subscription to place tv, and this pod casts available everyday, of course, rate and review it. Five stars is the appropriate ember stars. Students, America also available five, these weak on this. That is well, I never knew show today. So I have a new of Friday exclusive going to go over the cliffs kind of a leftover Joel, the cliffs. We didn't get to this week's really funny stuff. Also, tomorrow's cod Cast Micro, one
the only thinking, tat, gray patch, the locally. GOSH Hazel, because you see a good to see. You think I've been weeping most of the morning Oh no! No! No! You didn't hear. I did my gosh. We were Doping lays men we broke down and we wept openly all of us in the studio you're a harsher here. Why was listening? I heard the news from you when I heard that the fourth year in a row. Joy Bay harm may not be able to go to. Italy was too much, it was. You know, she's out of town, For the first of all was a pandemic, and now you know if I d get to ITALY.
The third week enters a year. I get out of sorts India, so for strain years, can you imagine like? I am even imagined, play the play, the audio, the stunning stunning sad audio from Joy Bay. Her yesterday, I'm scared. What's going to happen in Western Europe, tell you now you just your planet trap. You want to go there. I want to go to ITALY. For four years I've haven't been able to make it because of the pandemic. Has now gradually. Now it's like who's gonna. What's gonna happen, there yeah yeah got yet it is what he calls are out on the said there are like yeah. Would you do if you are having that conversation with somebody? Wouldn't you go? Are you drunk
Maybe you just here. Fifty thousand people are gonna, be dead, worried about your vacation Zaire and they do too to be fair. They know she's drunk every day, so they are you so Braga areas, a sober joy at what is happening to you so embarrassed. I know these people are killers. They really are well. Not a joy, I mean she's, she's a killer of joy, but yeah. Listen, I mean Generally speaking, the people who were this crazy, John John Kerry. He, but he really is concerned about this war because of how it will affect? global warming. Now we're not private daddy's unconcerned about it at all. No we're that we're not talking about people who see people and
individuals, they He is willing to forget about those people. What about global warming? Europe get about those people? What about my vacation? That's so seal path. Ec behaviour for is Leah, carries defence, though he D and bring up a great point about our northern Russia and the fact that Sick Six percent of the soil is frozen. Starting to fall. You don't want that because you might be able to grow extra food. Somebody my place in those food stocks about since when is it bad? If so, Thaws I mean would not be a terrible thing like when they had higher in Russia that dots are frozen like WWW
You that it's gonna get warm or somewhere else and but, like I think, Russia care, like they think they're, pretty excited about this idea of falling soil right very little you as long as it does in fact the average farmers ability to get to ITALY right what yeah obvious area now. That's the mostly Korea, a private jet. We have to see if the climate effects of above this war, so that we can make sure we continue to fly on our private jets to ITALY. If we can only do that time. Can I ask you: has the world ever been this confusing. Ever I dont think I mean I don't understand, I think that is going on and we are buying oil from Russia. We we opt. order of oil vice six hundred and twenty three thousand barrels of oil from Russia here to the end. it states last. Week
we say we're gonna put sanctions on Russia and really cripple them, you wanna cripple them. You stop the ability of Russia being able to sell oil and at this time. What are we doing? We're making a deal with a ran? So may uranium oil can get out in an e the suffering, what turn the oil pipeline on start fracturing, What the hell is wrong with their its eyes and I said yesterday I don't think, we understand, Vladimir Putin's real motivation. I dont think you great do you think, he's crazy? No, do you he's crazy. I mean I mean right a psychopathic killer right. Yes, he's Joy Bay, whose he's illogically getting to that goal, the caress using logic in planning and yell calculated nature to get all of those go. It's not that oh some Bin Laden was crazy. We
didn't understand. Nor can we think, like him. Ok, that's flat Amir Putin, and I dont understand his motivations and without understanding is motivations? You can't fight him guy honestly, What are the motivation is by senile. or does he have a different agenda? Yes, and yes right, Yes, yes, yes, yes, all the arrow! I mean it. You can't be this wrong all the time it's been every single time he's wrong and they still been it as, if that's great there, the best job? That's ever been done. no mistakes have been made right, MA where are you going to do any better, even admit of mistake? It Afghanistan, that's incredible!
This is kind of Djibouti wrote about this this week at the concept of mirroring women talking about of foreign affairs, were like you just assume that person you're dealing with has the same sort of motivation. Generally speaking, we do and that's com. We lay in saying when you're dealing with Kim Jong Moon or President G or Vladimir Putin or Biden and the Biden administration I mean honestly guys you, you cannot be this wrong all the time. How is it we? say happening, let me play this. Please play cut thirteen We respond madness patients using the tools, every tortures, Basel, protect american families and businesses from rising Is it the gas pop? we're taking active steps to bring down the cost, and an oil and gas companies should not should not exploit this moment to hide their prices to raise profit
You know what our sanctions package specifically designed to allow energy payments to continue. We are there. mostly monetary energy supplies for time, ruptured. Did you I hear what he said. In our sanctions, clearly made. path what did he say the plate again listen! What he says about the sanctions were taking active steps to down the cost and Can oil and gas companies should not should not exploit this mere gobs to hide their prices to raise profit You know what our sanctions package today specifically designed to allow energy payments to continue stop. allow energy payments to continue. We are still writing checks for russian oil. In our sanctions. While we made sure that we could continue to write checks to russian oil, so don't you
Dare american companies raise your prices on gas that insane. that's insane, No, nobody even notice that I haven't heard anybody notice that anybody comment on that incredible before Biden I'm pretty sure we were getting zero oil from Russia we had eliminated we worse from him, Russia and Venezuela, and all the bad actors in the work. We were energy independence and we were exporters for the first time in a really long time. I mean it's only been recently that we start. exporting oil again. I think it was a fifty is the last time that that happened, and it was big As of trumps policies, he was oil friendly. Let's, let's let's use our own reasons. We see Mark Andreasen what he said. No, yes Mark and came out, and he said we should
be planning? I think he said like two hundred mb, facilities in the United States, the eggs and, right now I think he said a thousand nuclear plants need to be built worldwide. Yeah, we should building right now yes and you are right, but we should yet we while we won't, and why won't we why? what way, because of the environmentalist, why is it left? Why is it Everything has to be crippled here. Why would we ever ever Make a deal with a ran. Sore ran could sell oil on the open market. I mean even If you believe that you know all of the fossil fuels have to stop right now, guy they have to stop You are the president of the United States of America. We have the ability to be. A mass exporter?
you're willing to make a deal with a terrorist state. and you're willing to pay Putin? for his oil Whitman oil is gonna go out anyway. The oil is going out, its we'll be burnt. We would rather do business with a terrorist state and flat your Putin, then open. The spigot here in Amerika Oh. Is that the President of the United States? How is that a guy? Looking for the average American for the american way of life. Your put more money into the hands of. People who are now saying to you yeah Poland's next they're saying that to you, and if not there saying we have destroy the great Satan incredible.
especially on the heels of this, where in Gee payments from Europe ends and us as well, but largely Europe have fun did a rainy day fund for Vladimir Putin and all of us all a guard tune of hundreds of billions of dollars. So that our sanctions won't do anything in this moment. So now wait another regime where going to fund billions and billions of dollars in and have all money, go to them so that when they decide to start their next crisis, there feel that as well, just say. I open pray, I'm not inconvenienced further by having to deter my plans to go to Taipei. Taiwan. China sees what's going on in Russia and then takes that bold move too, to take back Taiwan has I'm share their eyes the time share, and if I can use it this year, I'm
Maybe you have many various sort out down barely uses, since twenty nineteen right now is the last time I was in Taipei sooner and they are still paying those made in its face. Yes, every year, every year, every year the sufferings suffering just ten users? This doesn't stop Sky, thank you pay for being only thank you. You know Ireland rejected my pain. I know well, I didn't come in today because of it. I know I can no longer use up my type hatred and congratulations on the periphery that you showed this morning. I pack re unleash when you openly wept, you are known as many people, my no areas by something, whereas may not, and not need there's not enough examples of weakened headache men in. I saw not the true you're out of ain't right. If we, It's a little offended
You calling me a man is a matter of fact. That's why I'm here to say you're effective forming a week it pathetic it out. Now. Is the man man part now really outward yeah, really the binary thinking there related me well there's no salvaging. You anyway cause your white. Let's do so, and american it's true anyway naked. much path or you starving I've for some strange reason: you're listening to the best of the Glinda Programme, we want to bring in Daniel Turner. He is the founder and executive director of power, the future talk a little bit about the things that maybe we should be doing right now, Daniel welcome to the programme
I was going to be energy glancing for having a year you're. Welcome. I don't love. You saw Marta Andreasen tweet yesterday, but he said we should Building a thousand nuclear plants all around the world. Starting today, we're not gonna. Do it but there's a lot of logical things that we should be doing today. one of them is get off. Our dependence of russian oil an absolutely I'm you up a lot of the problems that were experiencing right now, have begun fourteen months ago at the boat administration and an opening the debate, Ukraine invasion on him, but I am saying tinkering. This administration has been really punishing the the America's energy industry, is pursuing specifically the fossil fuel industry for me, with some months when oil hit seventy dollars a barrel and eight dollars a barrel, the White House was silent. Will now it's at a hundred
and Joe Biden saying he wants to do something. So it's a little bit too late. Energy is one of those issues that we people don't want to pay attention to until it. it's too far into the purse right yeah exactly, but you know what we need serious energy policy and not gratifying. not John Terry right. We need soon energy policy, because it is now no security as well. I just keep hearing him say we're gonna tap into the strategic oil reserves hang on just a second: we On one hand, people are talking about World WAR three and the guess conflict, possibly since world war, two oil was kind of important. That's why we have the strategic oil reserves and so were, he's telling the west, we should release more from our strategic oil reserve while
facing this, no open of frickin pipeline oil is so important to the world economy that even this administration has not sanction russian oil. Germany and ITALY today want more natural gas than they did yesterday from Russia. In fact, prudent, increased the amount of natural gas exports, because he knows he has your on on the HAWK and Amy you'd better his leverage and so look we have to being played out there is this ideal world we all need to live up to live up to it and we only to be better, but the reality is our economy, our military, the word ones on fossil fuels right now, and whether or not we want to change. That is one conversation, but there we are. But he is punishing fossil fuels. Now in the home, The better tomorrow has made us we
and Vladimir Putin is taking advantage of that weakness. This is this is exactly what the Reset is about the s. G scores energy and ITALY is the first is the first thing and we are we committing national suicide, and this not just national, the tire West is committing. Suicide. And I dont understand it and is that it is that, is that hyperbole no no. Never so ever an eloquent, this administration began and Joe Biden said. Ah I believe, is a fight out falsehood, but when he said the general tell him The changes are biggest national security threat. I'm sorry if anyone really said that you and the military be fire person should be should be fired today and any politician, republican or democratic decision- a partisan issue. Many report begins went to the Glasgow Climate Summit to learn how to tackle climate change. We can,
a conversation about the environment, but it We believe in your heart of hearts. Looking at the global stage that call I'm a change is the biggest threat they needed. Not deserve elected office. You are a danger because Russia is a threat. China if the red wine is a threat North Korea and end these root regime's, unfortunately, as the price of oil going through the roof, have become and what is alarmed you when they have more money, they love attacks on Israel and and they launch attacks on the USA Ii and the hunger Nuclear bombs programme. And what does Russia do when they more money, they build their army right. So again, if it's this, this fight against reality, you can have a conversation about the environment, but there are real threats and we need to put on our big boy pants. face the real world we live in see, if you believed that climate,
Change was the was the excess central threat in the largest threat against all of humanity. If you really truly believed that and you make the moves to stop american oil and everything else does explain why we- you are, not sanctioning the russian oil we're increasing our imports of russian oil and we seem to be making it easy for a ran to flood the mark, with their oil? I don't understand is why wouldn't you go to America and just ahead? temporary, but we're here We need you right now to relieve the pressure I dont understand it. for the first time in nearly forty years, America, has been purchasing iranian oil, I'm very quietly. The administration did not put out a press release,
what you say. Why is America buying any oil from from Russia. Only one way way way way way way way. When did that happened, I've not heard out at an ape sorted in April of this year and we we ve purchased about a million barrels of oil from IRAN? Now there's gonna be argument and they're gonna say I'm playing fast and loose with the new ones, because we just a lot of oil from the world and we will find it particularly in the Gulf right. We have world's largest refining capabilities. Also something China can compete with us on that another conversation, but we are the world's largest refiner stuck his crew. That comes out of the ground, has to get refine the soul we by Russia we buy venezuelan, but we don't need to any oil if we produced enough ourself and when were producing two billion barrels fewer than we did just a few months ago before by became president, and we Why would producing so much fewer oil is because this administers.
She has made it impossible to produce safe You mentioned the Ici movement when every can see, is looking at climate change when it comes to permitting land access permit. in the Gulf of Mexico on federal land, franking moratoriums pipeline construction? So all these noted. Actions have made production of oil domestically hard. Of course we have get it from somewhere else. So why not Russia? Why not a one way Venezuela, why not put up What two hour ahead? Because that's what we're doing by enriching our enemies, they ask you more when Obama said that he was gonna, stop the drilling I think it was in the gulf, the deep sea drilling The concern was that if you stop that your getting a lease on those deep sea drilling for another twenty years there not coming back and you just don't make them overnight whether we do damage that has been done just to the economy.
and to the oil and gas industry are we he doing permanent damage, or these things just going into mothballs, and we can turn this around quickly we can turn it around, but I dont think quickly. I, this is a very capital and labour intensive industry and even have The permitting is, is in place, and the government, as a friend of the industry which we want like we saw under, as it informed, it really took till the end of two thousand eighteen, the beginning of may team for the industry. produce as much as it was, and so it did take it to solid years of of Believing a government wasn't going to punish you look at something like he's. That was the ten years and an a billion dollars in the making, and then the rope was pulled out from under it and all money is lost, so I'm going to win first in the oil and gas industry right now, if you think that
women can shut down, and that's one of my pet peas gladden. You can hear my voice getting angry. I know that exclusion gin Saki will say well you know oil at ninety dollars a barrel. You would think these rich fat cats would invest if not that they don't want to invest. If that they know it's a risky. Investing because government is gonna, punish you Deb Hall in the Interior, secretaries gonna punish you. The EPA administrator Biden is talking about that nominees, who look at banking issues through the lens of climate change, some fifty million dollar loan from the bank to find industry at it. We know because the bank's nothing Linda too, because the Federal Reserve raise your based. Some penalized you, so I again this administration. closing the industry from every angle and then they had to go to Well, they better not raise prices. Take advantage of this like it's our all Elizabeth Warrant blamed big meet. Remember that when the media industries together,
yeah, they really just good its offensive, I I I we'll tell ya I I don't under stand what's happening to us. Unless the President and this administration and those on the left have agenda that is clearly not in step with the traditional American. They mean this is this is self inflicted wounds and there soon gonna be mortal. What do you What are you thinking? What are you thinking about the gas and oil prices and what's coming with this. this war in it in Ukraine gag. It's down a little bit today, which is good news, but I think overall efforts, continues, and I dont think Putin is going to up until he has everything he wants in the Ukraine and maybe even more you,
can easily see gas at a hundred and fifty dollars a barrel like it was in two thousand and eight you mean a hundred twenty five by the end of March is as very feasible, and that means six and seven dollar dollar a gas. But You know your audience knows billions literally millions of products that are made from from fossil fuels and so well I of fertilizer goes up on the price of pesticides. Go up, everything gets, it goes up and Price so when you go to the store and you by your job meat and its expensive the cow, the cows diet, the transportation, the butcher, the slaughterhouse, the packaging, the plastic all of that stuff gets added on to New York, ass, you are ultimately the one going to suffer and that's the frustration dissident patient before Putin even launched as first incursion. This administration, was willing to, let the american people suffer they are so either the Green Revolution, these renewables, that they
the polish fossil fuels. They wanted fossil fuels to beat a bad guy so that maybe you go to the government and say please Mr Biden, please give us a green new deal. Please give us a go back better. We can afford this anymore and an that's. That's really sad thing: they were willing to punish the american people for their agenda, and that's not just on american Unpatriotic. Quite frankly, it's immoral and its evil die agree with Daniel. Thank you so much the founder and executive director of power, the future day, You'll Turner, I am surrounded, a new family of people who have their life back because of relief factor, I'm one of them. I was in pained and got to the to where I just couldn't? Do it anymore?
just feel, like you know, I just I can't get up another day. We have her life that, because of relief factor, not a television, commercial, it's it's a group of real people with real results that had real pain. Try it your really factor this guy when he started completely bald. Look at him doing. For your hair, but it will help you get out of paying give it a shot tried a three week. Quick start doesn't work move on, but we're here to tell you. It works Lee factor. Dot com is the best of back programme. Carol is joining us Carol. I have so many questions today. Our
during well, some of them, I'm not gonna, be able to answer because insanity, but that will do our best to model our way through. Ok, can you and all give us a common understanding of what swift is so the best way I can explain swift is a clearing how's that for the messages about transactions through the international banking system object dial it back to the? U s. If you send a wire transfer between banks and a you ass, you have a special code. If you do it the term nationally. There is a swift code and that entity access that sort of clearing house between the banks to say. Oh, you need to send money from one place to another, so basically cutting off Russia, or anybody else means that you don't get a sort of purchased a the global bank,
this is done any very rude and batteries or ask right, and that is important to get a good take it down to the baby level, but that's important reason why you would wire transfer. Something is because If you write a check, it's gonna have to sit there, be verified for funds and everything else. If you are doing big business here moving things quickly, because you need that transfer to kick in right away. Correct trail except for internationally. It often can take a day or more to clear, but it is again that sort of mental man that international clearing house- it's based in Belgium, for all of the international financial movements that mix up ok and Europe accordingly, Biden didn't wanna. Take that step yet well, of course they didn't, because they're getting out it's your Germany you're getting forty percent, your oil from Russia, so they understand the precarious position,
there are an and I'm sure they put a lot of pressure on Joe Biden Insane, listen, you're, we cannot Where did know by the way you says you don't have exports now now that you're no longer energy independence to be able to help us out here. So what are we going to do? And I imagine those were the types of discussions happening behind closed doors to have very weak set of sanctions put out against Russia So Joe Biden says that the sanctions that he did put on our job mine, numbingly, crippling for Putin and Russia? How would you describe them? while he actually had somebody out within his administration, one of the members of the economic council that said they want men, soon disrupt the flow of energy and value, basically completely cash predicted that so they seemed
kind of like everything the by demonstrations has done much more for show than for any sort of actual impact. If you wanted to have impacts, are you not only? Would you have put that pressure in terms of taking rush out from Swift Navy pudding, sanctions and put themselves disk? Opting energy may really getting serious, and yes, certainly none of that trance So I mean to hit Putin where he lives. to really destroy Russia. The best to do- is be in massive exporter of oil, and drive the price of oil. You know it Lee. He's below eighty dollars a barrel cause that's what it that's that's where they make is seventy eighty dollars a barrel, leaning over that so drive the ice of oil down, cripples him cut him off if you Do that it's like it would be like. I work at a sanction, Glenn back, he can.
Money in broadcasting, but no ballet dollars are coming his way Yeah really like telling me? Oh I'm sorry cure. You can no longer eat the cauliflower. Often I'm sorry, nobody to devastate me at my diet, you having the reality is if you look at the russian economy about sixty percent of their gdp comes from the when gas exports, so certainly anything that disrupts that, whether its disrupting getting payment for that driving down the price over all or just not allowing them to be able to export it. All of those kinds of things would be dead stating, and we have seen brave, people in Russia were marching in the streets and we don't want any war if things are getting worse there economically. Those voices are only going to get louder, so that would you put that dumb feeling out to the world Joe Biden was serious and that he wanted to really
a stand and would make other countries potentially think twice about things they might want to do like China invading Taiwan. Unfortunately, we did not see that so what happened in the stock market yesterday on a net you here, you listen to the president and he is saying: there's gonna be real pain from the american people. You're gonna they're gonna really have price increases disruption of all kinds. If things maybe even a cyber attack, the biggest war path, the police, world war? Two and he's gonna try to ease the pain and thus doc market goes up. Is that because a The people on Wall Street know this isn't this is business as usual or be, the
fed just buying up more stocks and there's no reality any more in the stock market. As the meme says, Glenn, why not Bob Bob it's a little bit of each of those. I think there was an expectation that these sanctions were going to be somewhat worse and that that may ask awaits conflict. and or your change the ability to get some of the key exports and an increase in prices I was in, and Russia has many of them, not only oil and gas, but aluminum weeds, and another thing so the fact that the job I was weak as a mark of other he's, not really serious, and so that there is part of the rally on match the fence piece of it is that there is the expectation for rate hike, coming the in March and a couple of weeks and the poor
I urge you yesterday. The expectation was that there is going to be an increase of fifty basis points which is half a percent and with the conflict the potentially I'm going. stretching out you that gives the fat a little bit of color this day well at zero, uncertain we're not sure how it's going to play and your yadda yadda yadda Let me add me: there's going to be a twenty five basis points or a quarter of a percentage increase, but whatever it is. It gives the fad a little bit more cover, whether its in March or for the rest of the year to slow plague, taking away their their monetary support from the market which the market love. So I think you have a little bit of both of those actions. You know I've I've, never understood me or the now Lucia. experience line all the world is but a stage a I feel I every day were watching a show he's here
he's telling the american people. This is really gonna, hurt you and we're gonna pay a high price of the gas that the gas station and what url producers charge extra gouge people at this time, while he's buying more oil this week from Russia, then we bought the week before and making it easy for a ran and buying a rainy and oil as well. This is None of this is real. Now itself frustrate We may Joe Biden has some lovers. He couldn't halted you away eighty on the economy, I'm certainly turning our energy independence. Firing up. with oil and gas leaves is returning to the Keystone pipeline. All of those kinds of things here Could you one eighty on and it would be very well received the american would benefit from it and you know
just from a even if your somebody who's is climate change, and you don't. I'm focused on green. Reality is that that oil is getting produced anyway, so would you rather have Russia? Were IRAN be the ones that are producing it? You rather have the technological leader, the United States. Do it in a manner where we know there is a focused making it more clean and more green. Still it fundamentally doesn't make any sense other than some of the wonderful things that you presented in your book and a great risk that that everybody should re about if they haven't so Carol is all of this. This excuse of Ukraine? are you are we just being played on this with energy prices? Are the energy costs gonna go up because of what we're doing You know with e s g and cutting the fight,
answering of of our own oil slitting, our own throat for This Ukraine thing actually playing a role, so this has been going on as we have seen before yeah well over a year, the better part of almost two years now, and the ukrainian conflict is just several days old. So, despite the media's attempt to sail this, is that the reason for it? Obviously us Boeing out of production. From some of the decisions about administration may, the handling of oil and gas leases the cancelling the Keystone pipeline. What notch in also the S cheap pressure that me it's so that many of the companies that were involved in oil, alliteration and whatnot and refinements
once you do as much of that over the last couple of years, so there has been a lot of pressure outside both through government and through a sort of destiny global? Yes, g, fascination that has depressed the Eu S Position- and obviously that's put some some some in the in the road here as well as the OPEC oil cartel. Obviously they wanted to make up for some of the lost money. That's happened over the pandemic, so you they did not ramp up production to the level. To me, it's a man, so all of these things factor in as well as disruption in the supply chain. You know, with its harder and more expensive, to get the refined this leads to the station with just so many things that all snowball together, so so that has all created
it a big issue, and it's going to be an ongoing issue. Whether or not this Russia, Ukraine conflict, can your continues. That being said, if it escalates Yes, it will have a further impact on top of what we are already seeing your currently. Yet we have well that's over dollars a barrel. You could go over one hundred dollars organically before they probably start put pushing. oil. If this escalates from Russia, Ukraine perspective. You could see a hundred and forty dollars a barrel of oil, so it's very, very meaningful in terms of that incremental amount, but it's not like Without it we the seventy dollars or six? Did we see the price of fertilizer, three hundred percent increase. That has something to do with natural gas. we have. The
oil products, even even you know, bug killers that you be, put on your crops. We is going through the roof today, we are we're going to be facing some real problems at the supermarket in the next six to eight months, you am I reading that right. Certainly, I would say we are definitely going to be facing issues. We have been facing issues. Inflation is going to continue the question. Is, is it a problem or is it a mega problem, but The way you should be prepared. You should be prepared every day, but you should be prepared for this conflict to escalates. No, he's ever been sad about being over prepared. You haven't said the other direction road. There definitely steps that you can take today just to make sure that you have your ducks in Iraq and one of those steps
so on the energy friends use simple things you we don't know. What's gonna happen not only with the price, but you are, there are potentially your gleaning cyberattacks that end up disrupting. You are our own infrastructure. You know, if you don't have your member way back guy in the early days of the Joe Biden presidency he gave put in a list of here are the critical things that are off limits were stiver attacks, rightly road map of of everything that they should attack. Should there be an issue rough, so you had an individual should, sure you know with their cars that you keep your gas takes full that if you have the ability to store extra gasoline that you have some extra just in case not only the price goes up, but we end up in a position where there are some rationing. You don't wanna, be caught in opposition and as you and I talked about Glenn before for your house, have backup
generators and other sources of energy, and in case there is- and I know that I take propane end- called yesterday by just got delivery. I don't know a few months ago, and I call them up and said: could you please come out and tat my tank off these sure you're on a waiting list. Now this was yesterday said the phones are ringing off the hook. heating oil, everything you should get on a list now to get that full you're paying a this price and be if something happens? You have a full tank hundred percent ten percent with us supply chain issues, same kinds of things, both from a price increase standpoint and make sure you have actress in case of disruptions. Get the extra water get something that can distilled down your water and take date, the Yankee stuff out just in case there,
an issue stock up on things that are not perishable in terms of food stock up on medicines have an emergency supply can't all of those things that should cease. then you're kind of really go right here, be a big escalation that you are prepared the financial standpoint we were talking about the stock market and being all over the place. This is the time when people who are not sophisticated investors tend to panic, and I want to- quote from Warren Buffett? Who is politics? I don't particularly like, but the boy is he, a great investor, and his name is Quote- was always that investors should be fearful when others are greedy and greedy. What others are fearful? So when you have those days were the stock market is going down and companies that you like, or the overall stock market, is in that bad position. That's the timing, slowly start putting money to work and building up her position
or what we call dollar cost averaging insist stocks do now, put your money out of the atmosphere. Karel. Thank you so much God bless you We will will talk to again Carol Roth kind of our our shows financial advice, giver, if you well, she watches all of this. For us and helping the average person. Nowhere to do in these troubled times. Carol: Roth, the war on small businesses, the book
Transcript generated on 2022-02-26.