A new year means it’s time to review Glenn’s predictions from last year, which he declared in January 2022. In this clip, Glenn runs through the 8 predictions he made one year ago, and most of them were SHOCKINGLY true. From COVID's future and a war on crypto, to tension in China and the left’s hatred of Elon Musk, listen to find out which 5 predictions Glenn absolutely NAILED and which 2 he got entirely wrong…
TranscriptBelow is a rush transcript that may contain errors
GLENN: So, anyway, for a long-time listener, there are things that I say. And I usually tell you, that I feel prompted to tell you. And they are usually the things that I don't want to tell you.
Like, hurry. You should be where, you know, you want to be.
Because there's coming a time, where you are where you are, and you're not going to move.
But every year, we just look at the news, and we say, okay. Without prompting, just what is it that we think the trends are showing us?
So let's go over this time last year, these are the things that I said would happen in 2022.
Stu, you be the judge. Okay?
STU: Uh-huh.
GLENN: COVID-19. Just sort of fades away. Despite the best efforts of government, authorities and the Davos crowd, to keep the pandemic going forever. The reality of herd immunity, plus vaccinations. Plus therapeutic treatments, will ensure that both infections, as well as hospitalizations will decline dramatically in 2021 and COVID-19 will fade into the background, very much, moving into an endemic phase in 2022.
For the most part, the pandemic will fade into a bad, muddy memory, like the way a nightmare can fade into just an unpleasant feeling for a couple of hours after you wake up from it.
STU: I think that's exactly what happened. Do you?
GLENN: Yeah. I think the only thing I missed here, was that it was going to start really turning. Right now, I think in 2023, by the -- by the end of this coming last year. And I'll get into my predictions next week, for this year.
But I think this is the year, where it really starts to turn ugly. And flips the other way.
STU: What do you mean? You're saying like a flaring --
GLENN: Like right now. Right now. I think there is this feeling in America, that of course those vaccines were not so good.
Even though -- even the people -- even from the people who took the vaccine. They're like, starting to question it. I think it's going to turn ugly, the other direction. You know, against the vaccines. And against the people.
STU: We'll see on that one. The prediction of it fading away, though, seems really exact to me.
GLENN: Yeah. It is.
STU: Just glancing at the stats. Which I don't pull up that often anymore. That's a good sign of it. That what you said, is true. And I think that it's to the point where it's hard to really remember. That 2020 era. Where like, you were --
GLENN: Yeah. It was everything. Everything.
STU: Everything was locked down. You were wearing masks everywhere. It seems like a bizarre memory from our past. So that one seems exactly right.
GLENN: Yeah. The next one is wars and rumors of war.
Whether it's Russia invading the Ukraine. Or China invading Taiwan or another Iranian cause blowup in the Middle East, 2022 is likely to see one or more wars of the word. From 2021. Erupting into a shooting war from 2022. First one I put was Russia versus Ukraine. Tremendous amount of digital ink had been poured into discussions of Putin's desire to protect Russia's so-called soft underbelly from threats within the EU. This narrative relies on World War II era geopolitics and reasoning. The reality is, there's currently zero countries that represent even a cursory threat to Russian territory. The answer to the question of why is Russia being so aggressive to Ukraine, is much simpler and it is often the case, when it comes to Putin's political motivations. It's entirely financial.
This one is based on commodities. Ukraine is rich in oil. Natural gas and rare earth minerals.
Go into the energy thing. And that they need to be able to have open pipelines set right to Europe. Yada, yada.
And that they would invade, and it would be most likely, that we would get into -- get involved in a shooting war. In Ukraine.
STU: Yeah.
News flash, that one happened.
GLENN: Right. The next one I said, was China versus Ukraine. Sorry, China versus Taiwan. It would seem almost laughable, just a few years ago. That China would even entertain the idea of a military intervention in Taiwan.
However, China may have a unique opportunity in 2022, that the world is massively distracted and distanced from Taiwan, because what will happen in Ukraine and Russia.
STU: And that one obviously did not happen.
GLENN: Correct.
STU: However, it does seem like it's on the docket, you know.
GLENN: Yeah. It is on the docket. You know, a year ago, that one was -- they weren't in Ukraine. They weren't in Ukraine.
STU: The Ukraine thing sets off a series of events that could easily lead to something like this.
GLENN: Correct. War on crypto. See what you think on this one. In 2022, central banks and government authorities will move into an active mode against cryptocurrencies. Most likely using some eye-catching headlines about protecting consumers, but to successfully use that approach, authorities need an event. A major crime syndicate, using crypto. A massive crypto exchange theft, affecting investors. Wow. This is written before 2022. This is 2021, you wrote these.
Wow.
GLENN: Yeah. Suddenly, crypto will become a bad guy thing. Something that government needs to step in and protect us from. First, we'll see laws that make owning or transacting with cryptocurrencies illegal. That will be enough for most people. Especially since central banks will be launching their own digital currencies, as a safe replacement. One that is, of course, tracked by Uncle Sam. Now, all of that didn't happen.
STU: Well, he got the SPF. FTX thing. So that was the -- the event, right?
And that happened late enough in the year, that they're not into deep legislation yet. But they are talking about --
GLENN: Yeah. And one of my predictions coming for next year, is -- we are going to have massive -- well, I won't tell you. Cryptocurrency and central bank currency is coming. But here's what I said: In 2022, central banking and government authorities will move into active mode against cryptocurrencies.
Based on eye-catching headlines about protecting consumers. I think that's accurate.
STU: Sure.
I mean, that one is well underway. Of completing.
GLENN: Yeah. The next one I said, market crash ahead.
Global equities experienced significant sell-offs in Q1 of 2019. Q1 of 2020. While COVID-19 got the blame for the sell-off, similar sell-off in early 2019 had no apparent cause.
From April 2020 to February 2021, the fed made more than $9 trillion of loans to the largest investment banks in the US.
And that's on top of the trillions of other stimulus in fed or Uncle Sam currency printing, that saw trillions more enter the economy over that time.
Consumer price inflation is virtually guaranteed, at the level four to six months from now.
So 2022, will be a choice between inflation, a market crash, or deflation.
During an election year. They say elections have consequences, but likewise, consequences have elections.
Given the probable consequence of a no-good choice place. Talking about the fed. And what are they going to do?
Keep raising up the rates? Are they going to let it crash, et cetera, et cetera?
I predicted a crash. I don't think we got -- you know, we didn't get a crash. But we did see, a significant weakening of the market.
Because of the fed. I think I got this one really wrong. Because the idea here is, this will be one more reason to sell your stock in the DNC's changes in 2022. Because I said, it would also, at the end of 2022 have significant consequences in the election. Which, no.
STU: Well, yeah. It did have -- certainly, changed the balance of power. Which was significant, I think.
GLENN: Yeah.
STU: And it did go down certainly in 2022.
But I wouldn't describe it as a crash.
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(music)
GLENN: So we're just going over the predictions that I made for 2022, to see if they were right or wrong. So far, one was wrong. But the rest were spot-on, don't you think?
STU: Yeah. You said, the market -- calling it a crash was definitely wrong.
But the tone of the year was certainly negative.
Yeah. So here's one, absolutely wrong.
Speaking of 2022 elections, it's hard to find a pundit or pollster at this point, who is not forecasting a major red wave over the course of 2022 mid-term elections. Given the Biden administration's insistence on supporting policies and programs wildly unpopular, it's not going to be surprising. Voter enthusiasm for democratic voters have never been this low.
Blah, blah, blah. And I said, it would be a major red wave. And then some. No. No.
STU: No. A little red trickle, maybe? They get the House, which is -- if they ever get a Speaker, will be important.
GLENN: That is just so bizarre to me. That one, still doesn't make sense. Other than the Republicans found a way to blow it.
They didn't push their people into going out, and voting early, et cetera, et cetera. They didn't use all the legal things that you can use to be able to help at the polls.
Everybody waited until the last minute. And just, their strategy was, we're not the Democrats. That's not enough. That's not enough.
Listen to this one. The establishment begins to kill Musk. Talking about Elon Musk.
The total outsider. Rebel.
Completely unapologetic about what he's achieved. He's male. He's white. He doesn't apologize for that.
These days, those things don't pass for unforgivable sins in the eyes of the woke elite.
You might expect an Ayn Rand type character, emerging. The leftist elite just will not allow them to survive.
Over the next year, we'll see a highly concentrated effort to destroy Musk.
His business, his reputation, his legal standing, and his wealth.
For his mark -- for his part, Musk has promised to fly a Noah's ark spacecraft to Mars, presumably including human beings, two by two. But if we're reading the tea leaves right, he might wish to accelerate his planned mission.
STU: That's -- I don't know if you saw Elon Musk posting the other day. He said, 12 months ago, I was person of the year.
I mean, it really has been a fall from grace, that is amazing, and so quick.
You know, even when he was saying, hey. I might move my factory to Texas.
And he opened up the factory, obviously before California wanted him to. After COVID.
And there was some -- you know, the left got a little annoyed with him at times. They totally turned on the guy. The guy who started the largest electric car in history. They've totally turned on him.
GLENN: Oh, yeah. And they will destroy him.
STU: I think he thinks he can push through this. Because he's so rich and powerful. He might. He might.
STU: Maybe.
GLENN: But 2023 will be the year, that we will find out.
Try this one out, manmade energy crisis will cripple Europe.
This is before the invasion of Ukraine. Another of the climate emergency narrative-driven realities will also rear its head in 2022.
The results will be devastating to the economies of Europe. And to a lesser extent, Asia.
Further, the happiest man on the continent right now, will be Vladimir Putin. Who will spend 2022 laughing all the way to the bank.
I mean, I think that one was a little accurate as well.
Next week, we will give you the predictions for 2023. On what is coming your way.
Hopefully, they'll be happier. I don't think they're going to be. Because I'm the one writing them.
But maybe -- maybe I'll be wrong. Maybe I'll be much, much more wrong.
Maybe I should start drinking again, and then write the predictions.
Everything is great. I love you so much. And my prediction will be that way the whole year.