Episode #2924
Glenn Beck, Michael Knowles. EVERYTHING Is About to Change If Glenn Is Right About Trump's Plan, Peter Schiff- Fifty-Five Years of Fiat Failure
Glenn Beck, Michael Knowles. EVERYTHING Is About to Change If Glenn Is Right About Trump's Plan, Peter Schiff- Fifty-Five Years of Fiat Failure Trump Has A Plan To FIX The System, And Its GENIUS. Some feel that Trump is focusing too much on international affairs and not enough on fixing the economy. This could be Trump's plan. If Glenn Is Right About Trump's Plan, EVERYTHING Is About to Change... Glenn Beck sits down with political commentator Michael Knowles to discuss what they think of President Trump's current agenda. Peter Schiff - Fifty-Five Years of Fiat Failure Trump Has A Plan To FIX The System, And Its GENIUS. Some feel that Trump is focusing too much on international affairs and not enough on fixing the economy. This could be Trump's plan. https://youtu.be/YaDYMKe6Rak?si=S_a7NkJYK8hiHVlU Glenn Beck 1.77M subscribers 493,465 views Aug 10, 2026 The Glenn Beck Program Join the Torch community at https://glennbeck.com/torch ► Click HERE to subscribe to Glenn Beck on YouTube: https://bit.ly/2UVLqhL ► Click HERE to sign up to Glenn's newsletter: https://glennbeck.com/newsletter-subs... Connect with Glenn on Social Media: / glennbeck / glennbeck / glennbeck If Glenn Is Right About Trump's Plan, EVERYTHING Is About to Change... Glenn Beck sits down with political commentator Michael Knowles to discuss what they think of President Trump's current agenda. Watch this video at- https://youtu.be/BdAJi2Jg-A4?si=BJtuzvKT5YDcXW4M Glenn Beck 1.77M subscribers 349,364 views Aug 15, 2026 The Glenn Beck Program Join the Torch community at https://glennbeck.com/torch ► Click HERE to subscribe to Glenn Beck on YouTube: https://bit.ly/2UVLqhL ► Click HERE to sign up to Glenn's newsletter: https://glennbeck.com/newsletter-subs... Connect with Glenn on Social Media: / glennbeck / glennbeck / glennbeck Fifty-Five Years of Fiat Failure Peter Schiff marks 55 years since Nixon closed the gold window and warns the coming inflation will dwarf the stagflation of the 1970s. Peter Schiff marks the 55th anniversary of August 15, 1971, the day Nixon closed the gold window and defaulted on the Federal Reserve's promise to redeem dollars in gold. He explains how deficit spending in the 1960s on the Great Society, Vietnam, and Apollo forced the choice between painful fiscal discipline and default, and how Nixon chose default disguised as reform. Schiff traces the fallout: the collapse of the dollar's purchasing power, gold soaring from $35 to $850 by 1980, stagflation that confounded Keynesians, and the erosion of single-income American households. Freed from gold's discipline, the government ran up massive debts, hollowed out the industrial base, and turned the world's largest creditor into its biggest debtor, with the national debt exploding from under $400 billion to over $28 trillion. He argues gold is as underpriced today as it was in 1971, that the Fed under Warsh is stoking the very inflation it claims to fight, and that just as the world went off the gold standard, it will soon go off the dollar standard with far more devastating consequences. His advice: follow Charles de Gaulle's example and exchange fiat money for real money before it's too late. Watch this video at- https://youtu.be/dLwyxz19FH8?si=60kwSyxfFbuUztqY Peter Schiff 633K subscribers Aug 15, 2026 Chapters: 00:00 Nixon Shuts Gold Window 00:48 How Dollars Became Paper 03:08 1960s Spending Hits Limits 04:35 Nixon Chooses Default 06:51 Stagflation Fallout 09:05 Reserve Currency Abuse 10:23 Debt and Dollar Reckoning 11:12 2026 Inflation Warning 12:09 Protect Yourself With Gold 12:42 Final Call to Action Follow @peterschiff X: / peterschiff Instagram: / peterschiff TikTok: / peterschiffofficial Facebook: / peterschiff