This is a rush transcript from "Glenn Beck," November 8, 2010. This copy may not be in its final form and may be updated.

GLENN BECK, HOST: Welcome to "The Glenn Beck Program."

This week may be the most important of my broadcast career. We are going to uncover the truth that has been hidden in plain sight for many, many years.

Come over here.

Get everybody you know to watch the program this week because this week, we're going to talk about the puppet master. I want you to watch with an open mind this week because what people like George Soros are counting on is that you dismiss things out of hand. This is a guy who is fighting for keeps. He says that he is willing to die for his causes.

These abnormal times — these abnormal times mean the ends justify the means, every legal means possible.

This week, we are going to be pulling back the curtain and expose the puppet master, his hands and the stage. The script that they are working off, but they want so badly, so badly — what they're working on so badly they want it that they are willing to die for it.

Don't miss a single episode this week.

(MUSIC)

BECK: America, hello, by the way.

I want to talk to you a little bit and kind of give you a little preview and a prelude of what is happening this week. If you are a long- time fan of this program, you know what happens when you Facebook post or tweet a positive or a defense of me or something that we talk about on this program. Try it if you haven't done it before. Oh, you are in for a treat. The flood gates of progressive hell open up on you.

And there is a seemingly, seemingly endless barrage of comments that pour in from people from all over the world strangely enough. And they are all the left of the left. Many of them are paid and fully purchased by the Soros regime.

Most of the comments that you'll get back won't be directed at me. They will be directed at you. You will be demonized for defending or even stupid enough to buy anything on this program.

I've asked you before and I'll ask again — this week especially — do not believe anything I tell you, because I tell it to you. Make sure you do your own homework.

If this is the first time seeing this program — well, I think you're in for an eye-opener, too, because you've heard me described as a guy who's just full of hate, a racist, a conspiracy theorist, just trying to get people to blow stuff up or create another Oklahoma City. That's the latest from the Soros clan. Well, if that were true, then America just isn't the place that I thought it was. And most likely not the place you thought it was. I mean a racist, hate-filled host who is openly trying to get people to be violent would have zero viewers in the America I know and love.

As it turns out, we are the most successful cable news program in this time slot of all time.

So, what is it that we're doing and doing right? Well, there are a few things and you will see them demonstrated this week. We don't treat you like you an infant. We don't treat like you're a fool. We speak plainly to you and openly to you whether you like it or not.

We also say the things that others may be thinking, but we verify them. And we get it right.

I know the critics will say the show only gets ratings because I'm an entertainer. Yes, I like pie. I love this one. I'm an entertainer. Right.

I can't tell you how many times — you have seen the ins and the out of QE1 and QE2 on "Entertainment Tonight." Sure, I mean, practically TMZ when we stoop to the low-hanging fruit of Von Hayek's "Road to Serfdom."

We don't get ratings because we are dangling, you know, a scantily clad ratings fruit. We get ratings because most of the time, we're right. And in the rare event where we do make a mistake, we'll correct them. Unlike The New York Times, we'll lead with our corrections instead of burying them on some back page.

After the massive stock plunge in `08, I warned about the economy not being out of the woods. I told you that they were lying to us. Meanwhile, every single economist said we're A-OK, we're on the road to recovery.

I distinctly remembered being called crazy for saying that we are going to slide into — slam into the side of the mountain, that we are on the brink of depression and it's only a matter of time. Well, when I said that, all the comedy shows had a field day, calling me a doomsday-sayer, et cetera, et cetera. Yes, I mean, nothing — not a lot has changed. Who's the crazy one?

Now, the global economic collapse is practically Main Street and mainstream terminology. Look at this headline — this one is from Reuters yesterday. China, you know those crazy people over in China. China newspaper warns of disaster over Fed move and even a global economic collapse. "Global economic collapse," where have I heard that one before?

I'm telling you all these things for a reason, because I need you to understand that things are approaching and they are approaching — the things we told you about in the past are approaching and they're approaching quickly.

All the negative stories about Glenn beck and gold is another one that people started to do. I started — I personally started buying gold. I think it was about $400 an ounce — between $300 and $400 an ounce. I think I pick up one of my clients at about $700 an ounce and started telling people on the radio program to buy gold for an advertisement.

You know how many times I've been called crazy and how I was bilking stupid people out of their money? Do you know that gold hit a record high today of $1,400 an ounce? Gosh, that means you would have doubled your money.

And I didn't even ever say buy it as an investment. I have no idea what gold is going to do. It's volatile. It could crash tomorrow. I said buy it as insurance policy. Why? Because they're going to monetize our debt. Ooh!

Wait a minute, that's exactly what they're doing. And yet I was called crazy when I said they were going to do that. If you're somebody who is tuning in today, I challenge you to watch the show for a few weeks. You make the decision on your own about me. Don't take it from a George Soros paid for and wholly owned blog site.

Four or five years ago, Condoleezza Rice said something that stuck with me at the time. In fact, I think I was over at CNN and I did a show about this. This really bothers me. She talked about the world was going through birth pangs.

Birth pangs — and I remember saying, well, that's odd. I mean, biblical, but that's odd. Why birth pangs?

Well, birth pangs imply something. If you ever had a baby — I haven't — but I watched my wife come out of her skin having one. It implies that something is coming. Birth pangs — they start small, and they get farther and farther apart — sorry — far apart and they closer and closer together and they get stronger and stronger. And in the end, there is an event, an arrival of something.

Now, depending on your point of view, that arrival could be a cute, cuddly baby. Or it could be what — if you have kids in the room tell them to look away, or it could be something a little more like this being from "Alien." Uh-oh! Oh, yes, a gross-looking alien.

Just remember, oh, don't open the mouth — don't open the mouth. Don't open the mouth! Ahh!

This cute little cuddly baby is actually cute and cuddly to somebody. Somebody's mom is going look at that, with the silver mouth. Not me. Cute cuddly babies are gross to others.

I want to warn you that birth pangs are coming stronger and stronger and closer and closer together is. And it is important we notice them because it telegraphs how close we are to an event, its birth.

But it doesn't answer this question: the event — what is the event? What is it we're giving birth to? And what is the date of birth?

These will be filled out. This one I think is going to be filled out this week on this program.

But here's your birth banks. Maybe TARP, waited a while. These are coming. These are coming.

Here is the first birth pang that I think we're about to see: violence
— pressure from below. Why do you think the left spent so much energy trying to paint the Tea Parties as violent?

We showed you the videos where NBC would be shaking in fear over the possible coming violence from the Tea Parties. And, you know, every time we show it to you, it would always be a picture of something like this. Ahhh! People, you know, mom with a double stroller or grandma sitting there in a fold-up lawn chair and the script didn't match up. But, boy, oh, boy, they had to have violence.

Meanwhile, while they were saying that these people were violent, I was telling you this. Watch:

(BEGIN VIDEO CLIP)

BECK: The one thing you cannot do is play into their hands. They need you to be angry. They need you to — they need you to be racist. They need you to push back.

They need you to grab a gun. They need you to get angry. Don't do it.

(END VIDEO CLIP)

BECK: OK, I wasn't telling you that for that time, I don't think you're violent. I know who they are. They're agitators. The far-left needs the violence.

This is the strategy of the radical leftist. They create chaos. They put pressure from below. Then they have the government — they're all infiltrated here in the government. Pressure down below and it causes them, the government, who they're in league with, can swoop in and fix the problem to save you.

It's a strategy that by Wednesday you will understand in breath-taking clarity — breath-taking clarity. You do not want to miss an episode of this program this week. And I implore you. But can you put the clock up here. I wanted to put a clock up here.

This is — as we start this tomorrow on George Soros. And let me tell you something, and I mean this sincerely, and I will show you the evidence later on in the program — once we tell you what is coming, once we reveal these people, we could be speeding up the clock for the event. And I will show it to you in their own words later on in this broadcast today.

So, why does the left need this violence? Well, listen to a clip from a Democratic pollster, Mark Penn, happened just the other day and yet no one pays attention to it. How can the left win the country? Watch:

(BEGIN VIDEO CLIP)

MARK PENN, DEMOCRATIC POLLSTER: Cabinets don't really sell things. The president himself has to reconnect with the people. Remember, President Clinton reconnected through Oklahoma, right?

CHRIS MATTHEWS, MSNBC: Yes, because the bombing was down there.

PENN: And the president right now, he seems removed. It wasn't until that speech that he really clicked with the American public. Obama needs a similar kind of event.

MATTHEWS: You think words are —

(END VIDEO CLIP)

BECK: Obama needs a similar kind of event. Oh, like Oklahoma City! If only Barack Obama can have the opportunity to speak to America after another Oklahoma City type event, then he'll politically be in good shape. Wow!

Now, according to Drummond Pike, the founder of Tides, who — Drummond, I hope you watch this week because — oh, it's all coming undone this week. I will be the guy who causes the next Oklahoma City.

This is in a letter, an appeal to advertisers of Fox: Dear Fox advertisers — read this part of it — no one, left, right, center, wants to see another Oklahoma City, the next assassin may succeed. If so, there will be blood on many hands.

They are setting up another Oklahoma City. They are claiming that one is coming. And they've already marked the one who caused it.

But don't you miss Wednesday's show when I show you violence and the pressure from below, it will boggle your mind!

Mark, I'll tell you, as a pollster, that sounds like a great idea. You know, what's a few hundred men, women and children when you can win back the House in 2012? I mean, wouldn't that be great? After all, the ends justify the means, as Saul Alinsky said.

There was a story out this weekend about 8.28 and how I wore a bulletproof vest. These guys are quick on the draw, aren't they? The reports were — gee, I thought Tea Party people were peaceful. How come Glenn Beck had to wear a bulletproof vest?

Really? I'm not afraid of my own crowd, genius. Remember the Panthers saying they were going to show up? Besides, my crowd knows that I'm far too doughy for bullets to be effective.

OK. Now, here's the next pang. Here is this one. This one I fear is coming from the left.

The second one, the radicals reveal themselves. They'll become unafraid. I told you this. And I believe I set this up with something along the lines of look-out because we'll be in trouble when the mask starts to come off. I told you a year ago that as it would come unraveled, the radicals would start revealing themselves. Watch:

(BEGIN VIDEO CLIP)

BECK: I think these people are close. I think they're dying to tell us what the real agenda is. I think they're close to taking the mask off.

(END VIDEO CLIP)

BECK: OK, got it?

Newsweek jumped a gun on this sentiment when they declared "We're All Socialists Now." Most people just dismiss this as a misread of the American people. I think it was the arrogance of the elitist media myself, that's why Newsweek, you know, sold for a dollar.

But we are seeing now the masks come off more and more every day.

Here is a story that I haven't seen anybody comment on. MSNBC actually suspended Keith Olbermann because he donated money to Democrats candidates without telling his boss first. Well, they must have been upset. I mean, somebody could have found out which political side of the political spectrum he was on! I didn't see that one coming.

Oh, yes, he's just like the late great Tim Russert. You just can't tell with Keith Olbermann.

What it stopped people talking about over at NBC was Larry O'Donnell. I know. That's a question not asked very often. What did Larry O'Donnell say? He's Olbermann's co-worker, fellow news anchor, the new hot lover boy over there.

He said on Friday he's not a liberal. No, no, no. I mean, he could play it straight as an arrow on the air. What is he? He's not a liberal. This is what he said:

(BEGIN VIDEO CLIP)

LAWRENCE O'DONNELL, MSNBC HOST: I, Glenn, unlike you, I am not a progressive. I am not a liberal who's so afraid of the word that I have to change my name to progressive.

UNIDENTIFIED MALE: I'm not either.

O'DONNELL: Liberals amuse me. I am a socialist. I live to the extreme left — the extreme left of you mere liberals.

(END VIDEO CLIP)

BECK: Here you go. I'm sorry, can we play it again? Because you might have missed it. It was pretty subtle. Did you hear what he said? Listen to his political leaning:

(BEGIN VIDEO CLIP)

O'DONNELL: Liberals amuse me. I am a socialist.

(END VIDEO CLIP)

BECK: But didn't we just hear that there are no socialists? And I'm getting tired of saying that's a socialist mop. Wait a minute. Starting to unmask themselves. He's to the far, far left. He's going after progressives. They're not left enough.

But listen to why he is going after progressives. Listen to this:

(BEGIN VIDEO CLIP)

O'DONNELL: Liberals are 20 percent of the electorate. Conservatives are 41 percent of the electorate. OK?

(END VIDEO CLIP)

BECK: Rare honesty.

(BEGIN VIDEO CLIP)

O'DONNELL: So, I don't pretend that my views which would ban all guns in America, make Medicare available to all in America, have any chance of happening in the federal government.

The only way you have a Chairman Barney Frank, only one way, that's by electing Blue Dogs.

(END VIDEO CLIP)

BECK: Got it? Stop, stop, stop. Listen to this. This is what he's saying: I'm a socialist. And there's no way anything I believe is going to happen. That's why you elect Blue Dogs and you hide behind them.

Mark my words, by the end of the week, by the end of the week, they are either going to be out full-fledged or they're going to be hiding. And they're going to try to make me in the biggest conspiracy theorist in the country as a conspiracy.

This is what he's saying. Hide! You got to go and hide behind the Blue Dogs. You can't — you can't be out in the open.

I'm playing his words, as I will do on Soros starting tomorrow. Play it in his words. Do not take my word for any of it. You look at their words. You look it up yourself.

Now, the crew on the set laughing and chortling, but I don't know about you, I don't pal around with communists. I don't know any radical revolutionaries. I don't know any socialists.

But apparently, at NBC and "Newsweek," it's not such a big deal. It wasn't long ago that we were appalled at the thought of communists. I didn't — two years ago, I didn't think there were any actual communists. But we are past that now.

Remember the second birth pang: radicals reveal themselves. They're unafraid. And look at what the Communist Party USA is now releasing.

Watch:

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: Hi, my name is Darren. I'm a farm worker. And my hobby is watching television and reading books. And I'm a communist.

UNIDENTIFIED MALE: Hi, my name is Arturo. I do home remodeling and I love Jimmy Hendrix, I love U2 and the Lakers y tambien soy un comunista.

UNIDENTIFIED MALE: Hi. I'm Dave and I'm an environmental scientist and I want to build a more sustainable, better America and better world. I love to bicycle and hike and sing in my church choir and I'm a communist.

(END VIDEO CLIP)

BECK: He's just like you! Except, except he's a communist. And that's not a problem. No, no, no. Let me show you what communism actually looks like, where people had their names changed to numbers in China. There they are. See the numbers? They're not in prison. That's how they did it in China. Just change them to numbers. People are meaningless.

Ten millions starved under Stalin. Mao killed 2.5 million in his Great Leap Forward program. Tens of millions of innocent people were killed. That is what communism really looks like, but we don't teach that in our schools anymore.

And finally, the last birth pang. What are we giving birth to? The last one is a money crisis. I have been warning you that we are on the same path to repeat the same exact mistakes, as the Weimar Republic:

(BEGIN AUDIO CLIP)

BECK: We've hit the top of our debt standards. Nobody is going to want to loan to us. And so, what happens? When we can't fund it, through loans, or we can't afford the interest, we'll just start printing more money and we're printing it like there's no tomorrow. Well, this is what leads to things like bread in a wheelbarrow. Here is where the rest of world is starting to line-up and blame us. And that is what we've done to our dollar.

(END AUDIO CLIP)

BECK: You got it? You got it? This I said under George W. Bush.

The bought and paid for critics of mine will always go, there he goes talk about Hitler again and completely missing the point which is this — Germany financially collapsed. That's kind of an historic fact and it's kind of important not to glaze over that, isn't it? How did it collapse? Why did it collapse? What did they do?

We should probably know the answer to that. Well, here it is. They monetize their debt. Did we learn our lesson from that? Well, I'll let Tim Geithner and Ben Bernanke under oath let you know. Next.

— Watch "Glenn Beck" weekdays at 5 p.m. ET on Fox News Channel

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