There has been a lot of confusion lately about Saudi Arabia allegedly ending a 50-year-deal with the United States that tied oil sales to the U.S. dollar.

While many have claimed that the deal never actually existed, financial expert Carol Roth is here to clear that up.

“There was a deal put in place, but never once did I come across anything that said we have a specific expiration,” Roth tells Glenn Beck, who notes himself that if the world goes off the petrodollar, “that is the beginning of the end.”

Roth explains that when the United States went off the gold standard, they created a secret delegation that went to Saudi Arabia as part of a diplomatic tour.

“There was an oil embargo put in place by the Arab oil exporters. It sent the price of oil sky-high. So, the big objective was basically the U.S. didn’t want crude oil, you know, energy, which is obviously really what fuels growth around the world to become an economic weapon,” Roth explains.

“They knew, 'Okay, well, now we’re off the gold standard, we’ve got this currency, wouldn’t it be great to have somebody finance our deficits?'” She continues.

In exchange for economic and military support, the Saudis struck a deal with the U.S. to price oil in dollars around the world.

“There was a secret piece of it, and that was that the Saudis did not want everyone to know that they had this huge treasury stockpile,” Roth says, noting that it was because they didn’t want anyone to know how “closely they were in bed with the U.S.”

Now, this deal has ended.

“The FED has managed to hold the dollar not stable either for the world or domestically,” Roth says. “So, it’s not like they even made the tradeoff. They just abandoned it all together.”

“The big issue, if you are these countries around the world that now have everything priced in dollar, all of your major commodities, because it’s not just oil at this point,” she continues, “When you have these huge swings in the dollar, that means that threatens you as a nation, because you now may not be able to afford energy, or you may not be able to afford the food for your country.”

“That’s a national security issue,” she says. “And so, countries were getting sick of that we weaponized the U.S. dollar, and at the end of the day, they’re starting to move away from it.”

This is why it isn’t the Saudis who are to blame for the end of the deal.

“The Saudis did not break a deal. We’ve broken the deal long ago,” Roth says.

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Don't buy the lies! The feds are LYING about the job market and US economy

The Biden administration isn’t shy when it comes to boasting about how many jobs it’s created — but maybe it should be.

The administration has quietly — and conveniently — deleted 439,000 jobs from its 2023 job reports. This means that almost a quarter of all jobs added in 2023 didn’t even exist in the first place.

Former investment banker Carol Roth cites a saying attributed to Mark Twain in response: “There are three types of lies: lies, damn lies, and statistics.”

“The data is bastardized, and I would argue not even relevant to how our country’s economy is run,” Roth tells Glenn Beck, noting that this is all either odd, lazy, or nefarious.

“Those are your three choices,” she adds.

Meanwhile, there’s a record-high number of 8.7 million people holding down multiple jobs.

“Those are things that would make you scratch your head and say, ‘That’s moving in the wrong direction,’” Roth says.

While government jobs make up much of the recent hiring, Roth says it's “not sustainable.”

“Those don’t have the same level of productivity because they are paid for by our tax dollars and or the printing of money,” Roth explains.

According to Glenn, 216,000 jobs were added in December, and 52,000 of those were government jobs.

“Which brought us to an all-time high of 23 million employees for the federal government,” Glenn says, shocked. “It’s an astounding, astounding number.”

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Warning: New Biden policy is about to crush small businesses in 2024

A new Biden rule is about to blindside 32 million small businesses with traps that could land entrepreneurs in jail.

The Corporate Transparency Act goes into effect on January 1, 2024, and has been marketed as a way to prevent money laundering — but it suspiciously only targets the smallest of small businesses.

“What this looks like is, ‘Let’s attack the smallest business owners that we have in our economy and get them to close their doors!' That’s what it feels like to me,” Glenn Beck explains.

Former investment banker Carol Roth agrees.

“It’s part that, and it’s part a massive data collection program that nobody knows about,” Roth tells Glenn.

“If you’re a single-member LLC or if your business has an S corp, even if you don’t have employees, you’re impacted,” Roth continues, adding that those businesses will “have to register with a group that’s out of the treasury called FINSEN, which is the Financial Crimes Enforcement Network.”

However, if you’re a large business owner with at least 20 employees and $5 million in revenue, you’re exempt.

“What crappy money launderer are you that you’re not at least making $5 million?” Glenn comments, shocked.

“You’re money laundering for Doritos,” Roth laughs. “That’s what the ridiculousness of it is, the burden, the invasion of privacy, the collection of small business information.”

Meanwhile, Hunter Biden, who makes $5 million in one job, walks free.

It will cost small businesses $85 to prepare and submit the initial beneficial ownership information report.

“And if you don’t do it exactly right, a massive fine is coming your way,” Glenn says, to which Roth adds, “Not only fine, but you could also go to jail.”

The jail penalty is enforced if a small business owner does not participate.

The rule was proposed in January 2020 when Trump was still in office.

“It went to his desk, both houses voted for it, went to his desk — he vetoed it,” Glenn says.

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Can America survive paying $1 TRILLION in interest on national debt?

If you thought the interest rates on your mortgage and credit card were bad, wait until you see what the U.S. government has accrued.

The United States has succeeded in creating a yearly interest payment of over $1 trillion on the national debt.

“We can borrow at higher and higher interest rates, so we can make it $2 trillion soon,” Glenn Beck jokes to financial expert Carol Roth.

Roth notes that Secretary of the Treasury Janet Yellen has said that over the next six months, the U.S. will need to borrow almost $1.6 trillion.

Roth has also observed that there’s “absolutely no appetite to cut spending” within the U.S. government.

“We are in a really perilous financial position.”

However, while the U.S. debt rises, there are still many who believe this will not be our downfall.

“People still tell me, 'We’re not going to lose the reserve currency. We’re going to be fine. The dollar is going to be fine. We’re going to come out of this,'” Glenn says, adding, “they can’t explain to me how, but they seem to be right.”

Meanwhile, the world is at war — which Roth notes could bring about a new financial world order.

“Not every war brings about a new financial world order, but every new financial world order has been brought about by war. And to the extent, God forbid, things escalate in a crazy way, that becomes an opportunity to reset,” she says.

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Biden apparently on the cusp of issuing a CLIMATE EMERGENCY — every aspect of your life could change overnight

When did summer time and imminent danger become synonymous?

News flash: it’s hot right now.

Why? Because it’s August, and August means heat — sometimes brutal heat, especially if you live in the South.

But fearmongering climate activists and the Biden administration continue to press the issue that temperatures are higher than ever before and that humanity is on the cusp of a fiery demise if we don’t take radical action.

And by the looks of it, they’re prepared to take radical action.

Apparently, “]Biden] is holding back ... but he may be forced by the members of Congress to issue an emergency declaration, which would affect air travel, car travel, and every aspect of your life,” reports Glenn Beck.

“They love an emergency because an emergency allows for central planning and an exercise of power; it allows them to shape the economy, it allows them to pick winners and losers, it allows them to take people who are socially unacceptable and remove their economic opportunities ... [and] it allows them to control what’s being said on social media,” adds Carol Roth, author of New York Times bestseller “You Will Own Nothing.”

Glenn is also deeply disturbed by conversations revolving around food supply, namely that a national emergency would “give the president access to all of the agricultural bills in the United States, bypass Congress, and become very draconian on agriculture.”

He then plays a clip of John Kerry stating that “we can’t get to net zero ... unless agriculture is front and center as part of the solution.”

“This is so incredibly nefarious — they’re wanting to interfere with the food system,” says Carol.

If there's a better way to produce food that’s not lab-grown meat and manufactured food products, then Glenn is all for it.

“You invent a better mousetrap and people will flock to it,” he says, “but they don’t invent new mousetraps.”

Not to mention this isn’t really about carbon emissions or food production anyway.

“This is truly about control,” Glenn concludes.

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Financial expert ANSWERS: Should you pay off your debt NOW?

Carol Roth, financial expert and author of “You Will Own Nothing,” is a wealth of information on the current situation we’re facing in America.

Glenn Beck sat down with her to ask her just what the American people need to know in order to make their own informed decisions as the dollar weakens, inflation rises, and the government rolls out Fedcoin.

First, they agree that it’s important to get any grief out now.

“You are going to go through grief as we lose some of the things that we have always traditionally known. It’s better to do it now than it is when the time comes,” Glen warns.

Roth agrees, adding, “We may not be able to stop the train from going off the tracks, but I can personally take shelter. That’s what you have to do; you cannot panic here. You have to prepare and say, ‘What is it I can do? I might not be able to, you know, stop the new financial world order, right, that’s a huge tall order — but what can I do in my life to make myself more secure?”

One of the questions Roth is asked is whether or not Americans should be paying off their debts.

Roth answers, “People sometimes don’t differentiate between debt that is used for spending and debt that is used for investing. There’s good debt and bad debt. You don’t want to be taking on debt for your spending, but you want to be able to use it productively for an investment.”

But what happens to debt if it all goes south?

Roth says that “if the dollar loses purchasing power, it’s actually good for your fixed-rate debt,” because then your “debt is really in a sense worth half as much as it was today in the future.”

She reminds Glenn’s listeners that she’s not a financial adviser and it’s not financial advice — but all this is just “things to think through.”

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