Glenn Beck Program, February 22, 2011

Protesting Glenn
Glenn opens the show with video of protestors outside the studio protesting him.  He notes that demonstrations are popping up all over and the unions always seem to be involved.

American Dream Movement

Organizing for America and the Democrat national Committee have been involved in the Madison, WI demonstrations.  Van Jones is now advocating a new “American Dream” movement; sort of a hard left Tea Party.

Who Is President Listening To?

Glenn asks whom the President is listening to?  He then played a video clip from CBS where they were reporting that a half dozen cabinet secretaries had not talked to the President in over two years.  Not even a phone call from him.  He then showed a clip of Richard Trumpka, the AFL-CIO President, responding to a questioner saying that he talks to someone at the White House daily and visits there two to three times per week.

Dictator Watch

Glenn showed Intrade’s predictions of which dictator will fall next.  Their rankings are…

• Libya – Qaddafi – 82%
• Bahrain – Al Khalifa – 55%
• Yemen – Ali Abdullah Saleh – 49%
• Iran – Ahmadinejad – 16%
• Iran – Ali Khamenei – 15%

Today, the Muslim Brotherhood leader has issued a fatwa for the Libyan army to shoot Qaddafi.

Power Struggle

Glenn says it sounds like a power struggle between two powerful Middle Eastern men.  It’s also about how much can be pulled out of your debit card at the gas pump.  Our economy can’t stand a sharp run up in gas prices.

The Perfect Storm

               Economy – War – Extremist Islam – Border

            Energy – Political Correctness – The Enemy Within

Glenn asks if the mainstream media is telling you any of this.  If not, why not?

Recap

Part 1 The radical Islamists/communists/ socialists will

·        Work together against Israel.

·        Work together against capitalism.

·        Work together to overturn stability.

Part 2 is next. It is The Protests Become Contagious

·        They cascade

·        They sweep the Middle East

·        They begin to destabilize Europe and the rest of the world.

He then went back to the camera showing the protestors outside.  He discussed the role of the unions involved in these demonstrations, how they are poking and prodding.  Once the world revolution occurs, the personalities will be in conflict.

The New World Order

Option 1

            Open Society (George Soros)

            United Nations

Option 2          

            United Islamic Nations (Muslim Brotherhood)

            Islamic Caliphate

Option 3

            Global Communism (Van Jones)

            State Capitalism

The people with these visions are serious.  Many have dedicated their lives to bring it about.

Libya

• Libya is a member of OPEC.

• It can produce 1.8 million barrels of oil per day.
• That’s roughly 2% - 3% of the world’s oil output.
• About 90% of that goes to Europe.

Oil

• Oil today went up 8% and closed at over $95 per barrel.
• This is the highest it has been in more than two years.
• Only 3% of Libyan output has so far been affected to date.
• Glenn showed the chart of oil prices and home process.  As oil prices have gone up, house prices have declined.  They are connected.

Quantitative Easing Stops

Glenn showed a quote from an analyst that wrote that the game would be up when the federal government stops the quantitative easing because it can’t borrow any more.  Also, the bear market will end when most debtors default.

Glenn feels the world is at the brink with several different pressure points.

Guests:

• Charles Payne, CEO of Wallstreet Strategies
• Eric Bolling, Fox Business Contributor

Oil/Gas Prices

They discussed the oil/gas prices. 

• Eric feels that today’s $3.17/gallon average gasoline price does not include what went on in Egypt or in Libya.
• The U.S. uses 138 billion gallons of gasoline per year.
• Venezuela has broken contracts it has with U.S. companies and instead is selling that gasoline to China.
• Eric went to the chalkboard and showed the relationship of gas prices and the impact if countries that produce oil stopped.

Price per Gallon              Country

• $3.17                                    Today
• $4                                    Libya
• $5                                    Venezuela
• $7                                    Iran
• $10                                    Saudi Arabia
• Charles Payne pointed out that…
• Libyans make three times what the average Egyptian makes per year.
• He feels that young people not seeing any upward mobility for them drive the revolutions in many countries.
• He feels the same sentiment exists here in the U.S. buy young people aren’t demonstrating because they feel they have a “coil” President.

Economic Trigger

Glenn asks what the trigger is for massive economic problems.

• Eric feels it is $5/gallon for gasoline.
• That will ripple everywhere through the economy.
• Charles agrees.

How to get Ready

Glenn asks for solutions.  How to get ready.

• Eric feels gold is the solution.
• Charles feels six months of cash will be needed.
• Glenn feels that additional food would be in order.

Billy Graham Meeting

Glenn closed with discussing a meeting he had with Billy Graham.  Glenn’s orientation at the meeting was growing evil in the world.  Billy Graham’s orientation was how much light and goodness there was.  People just needed to be reminded of that.