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You I've followed the back.
I'm music -- listening -- -- Cole Porter song you're the top it was from 1934.
A lot of people -- that some but.
Lot of people also what they don't know is that the early version had these lyrics you're the top you're the great Houdini you're the top.
During the 1920s and thirties some in the media had an absolute love affair with fascism and Mussolini.
We're back with author Robert -- lately the author of -- installer as Stalin and Hitler.
John Engelberger author of liberal fascism and -- -- author of the forgotten man and RJ for street -- he is the author of Woodrow Wilson.
And the roots of modern liberalism if you watch the show and you ever wonder how did Glenn Beck ever come up Clinton.
Those four books -- big -- -- -- -- that you all had individual experiences with me where I've gone.
All my gosh thank you for your book these four books have been instrumental in shaping.
My understanding of the the of history okay.
I want to go first and and Robert NM -- kind of want to go to you guys here on this on the things that.
Are needed for the breeding ground of of fascism.
Does it can it just slowly creeping or do you need an event and they all you're doing -- well you need some fear.
You need some hunger.
As you said.
And I don't see fascism in the past in the US in the way that Jonah does but I do c.'s David isn't and in -- way we look at the political action between nine is causing the depression but it -- in the activities of the new deal -- an accident waiting to happen.
The progressive -- that period where.
Looking for an occasion a disaster to act so I see also a component someone who wants the government to be bigger and is waiting for an economic and -- -- This is -- -- -- -- -- full -- number three please love this one.
Rahm Emanuel of any but never won a serious crisis to go to a ways to what I mean by that is an opportunity to do things you think you could not do before.
That's why we all woke up we heard that quote the US tends to -- itself so congress comes along and says whoa that's what happens if President Clinton.
When when the new Republican congress came in when he took a look at the bond market that low moment that way may well -- -- now but the arrogance where you say I'm I use my whole progressive agenda.
-- on the occasion of this economic crisis that was something that the new -- instead.
I wanted please don't -- -- watching the show today you gotta watch till the end emphasizes the -- You're trapped in -- to leave right now because you you have to understand this in context and I want to we're going to share the progressive agenda and how the country went off the tracks a hundred years ago Barry says all -- -- Glenn -- -- -- about Barack Obama not not.
Teddy Roosevelt Woodrow Wilson that's who I'm saying it about.
Robert let me go do you look let's talk a little bit about I I am very concerned about.
The money supply hyper inflation I had a guy who is I -- my deep throat he is -- a guy who is very high up and in this whole situation with the banks in the treasury and the Fed and everything else.
And he said to me about a year ago he said -- read about -- by -- republic because that's what's coming.
Whether or not that's true or not I don't know but I have read about the by -- republic.
And there are a lot of similarities.
On what they did in what we did to the money and that was one of the real breeding grounds you want to go -- that a little bit.
Really was I mean if you look at.
We have an inflation which is the greatest inflation in world history.
The my what was -- dollar would buy you for marks in 1914 to his say speaking of the war now could buy you truth two trillion marks.
A loaf of bread.
Would cost you a trillion marks.
If you wanted to have have subsistence living.
A family of four would cost 500 trillion marks a week.
This is the greatest inflation that is impossible to imagine you can that just called the plate for a moment people who were.
Really honest citizens people who save their money.
For their daughters Bowery for example they have been long saving you know the Bowery of course was completely useless people who are on fixed incomes.
People who had bonds.
These bombs were absolutely useless they had invested in their country for example nineteen.
46 1914 or 1916.
In a 5000 mark bond that 5000 mark on now in 1920 would buy a single match nevermind the fact to -- Right now here's what I -- -- pat pat here's here's what Larry here's where I'm worried.
Because if this happens and hopefully it doesn't but.
What we're doing now has never been there has never been tried and succeeded.
Of monetize in your own debt without hyper inflation.
This is the key here I think with with Germany is when -- average person.
Felt hopeless like wait -- -- I've played by the rules I've done everything I was supposed to do and now everything I have is worthless.
That's when there was real trouble true or false -- Well it's interesting that in nineteen -- three -- -- try to take power violently in November 2 so called your whole porch.
And on the ninth of November and this didn't work there was in spite of everything the German people were not willing to give up.
Totally on the constitution.
On the way things work though none of them very much like the -- republic -- -- republic with a young democracy wasn't anchored in the people.
They were not happy with way the war turned out -- -- the way to new democracy was created so Germany was ready for something like between three themed.
-- was betting that he could coffee Mussolini what Mussolini had done almost exactly your before.
In Rome he was hoping he could do in Munich it was a catastrophe -- there was captured.
The thing fizzled out they brought in a new currency.
And and things seemed to go away.
Hitler was sent to jail.
But -- What happened is that this was really the first earthquake in Germany it wiped out the middle -- the on this hardworking individuals.
The real trouble then came of course and he would talk about that later.
The win the depression hit in 1929 because now you have the second wave is sort of a second tsunami coming yes and this is the one and that's what I want.
We're gonna return we're gonna turn that here in just -- Robert hang on this is -- as we are going to go to the depression and the parallels here in the depression and what we need to look out for.
But when we come back.
If you're an average -- if you're like me.
You may have said it's -- your life.
How often hectic we -- -- how how how wait a -- what's going on another country what are they doing in Washington how did this happen.
We're gonna take you there.
And then I'm -- and also going to show you not only here but we've asked.
-- history go.
To talk a little bit about.
In my newsletter the history of modern progressive the the the American progressive is a movement what does that mean how did it happen.
We'll have that in my free email newsletter you can sign up for right now -- Glenn -- dot com.
It'll happen all next week so you be able to see it for yourself and short -- and then I invite you to bio these people's books because really truly.
Your eyes will be open and we are not destined to repeat it if we know history.
Right coming up in this is --
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