The Glenn Beck Program - Best of the Program ｜ Guest： Carol Roth ｜ 1⧸22⧸24

00:00:00.000 It's a great pre-show, if you will, for the New Hampshire primaries.

00:00:05.320 We start off with Ron DeSantis and all the people that are saying,

00:00:09.580 what did he do wrong? How come he didn't do better?

00:00:13.340 I think we have the answer, and it's not one that you're going to hear really elsewhere.

00:00:17.880 We also talk about the economy, what's coming in the economy,

00:00:22.060 what the banking sector is doing, along with the Fed,

00:00:26.140 to really speed up the process of de-dollarization all around the country.

00:00:32.280 But also, we tell you two stories that are unbelievable, that came from this audience.

00:00:39.480 Two things that have really put us at the verge of saying checkmate to ESG and all of that.

00:00:49.260 Another story came out of Florida that we are going to report on today's podcast.

00:00:55.080 You don't want to miss a second of today's podcast.

00:00:58.300 It's all happening in 60 seconds.

00:01:00.860 First, Terry wrote in about his experience with Relief Factor.

00:01:03.960 He said, I struggled with pain for quite a while from my lower back, up and down my legs.

00:01:08.460 I had heard about Relief Factor, decided to give it a try,

00:01:10.960 and within a couple of weeks, I was totally pain-free.

00:01:14.180 It is incredible to me how many people I have told about Relief Factor.

00:01:18.440 It's just made such a huge difference in my life, and I think you could help others.

00:01:22.520 So I tell him, thank you, Relief Factor.

00:01:25.560 Thank you for writing in and trying it out.

00:01:28.220 His experience is not everybody's experience,

00:01:31.100 but 70% of the people who try Relief Factor for their three-week quick start

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00:02:01.360 You're listening to the best of the Glenn Beck Program.

00:02:16.280 Welcome to the Glenn Beck Program.

00:02:19.300 So apparently not everybody agrees with us on Nikki Haley.

00:02:25.100 There is one person, and I know who they are, but they left this note on my desk.

00:02:33.180 True confessions of an underground Nikki Haley supporter.

00:02:39.040 He wrote,

00:02:40.040 I'm writing this from a secure and heavily guarded location.

00:02:44.560 I'm under 24-7 monitoring and protection, kind of like Epstein,

00:02:49.060 but I'm actually being cared for.

00:02:51.620 There's a lot of debate within the conservative party,

00:02:53.880 but unlike the Democratic Party,

00:02:55.800 the Republican Party typically is open to differing ideas,

00:03:01.160 unless you're a Nikki Haley supporter.

00:03:03.140 Apparently, then straight to the gulag with you.

00:03:06.000 Yeah, pretty much, pretty much, right?

00:03:07.340 I'm writing this anonymously to save my family from embarrassment and ridicule.

00:03:15.840 My name is John Doe, and I am a Nikki Haley supporter.

00:03:19.460 Let me explain before you dox me.

00:03:21.880 People say Nikki is a Democrat.

00:03:24.100 Well, do you know who else was a Democrat up until five minutes ago?

00:03:27.760 The right's favorite loudmouth, Vivek Ramaswamy.

00:03:31.660 Donald Trump was notorious hanging around the Democratic circles

00:03:35.560 before switching over to the right.

00:03:37.340 And iconic Republican President Ronald Reagan was on the left side as well,

00:03:42.200 so Nikki is in good company.

00:03:44.700 Well, no, there's actually, I mean, if you look at the examples you gave,

00:03:49.260 they all started on the left, and then they moved right,

00:03:53.180 where Nikki, well, I don't need to.

00:03:55.780 Being a Nikki Haley supporter is being like a Dallas Cowboys fan.

00:03:59.660 Everybody hates her for every reason imaginable.

00:04:02.840 You can get hate from every side.

00:04:05.700 You know what she's capable of, but she just won't do it. 0.99

00:04:09.700 I know what you can be, Nikki, and I want people to see you how I see you.

00:04:14.060 But don't just help yourself when you appear, but you don't help yourself when you appear wishy-washy

00:04:18.460 on abortion and transgenderism in children.

00:04:20.840 You have a successful track record, just like Ron DeSantis does.

00:04:24.940 You started the campaign off strong, just like the Cowboys, but you're choking in the playoffs, Nikki.

00:04:30.300 You had a decent showing in the Iowa caucus.

00:04:33.020 New Hampshire and South Carolina are yours for the taking now that DeSantis is out. 1.00

00:04:37.580 Just don't say anything stupid. 1.00

00:04:40.940 Please don't disappoint me. 1.00

00:04:42.460 I've been disappointed in you enough this year already.

00:04:46.520 Wow, that's a great endorsement there of Nikki Haley. 0.96

00:04:50.880 And we all know who this is.

00:04:53.080 There's somebody on our staff that show up in Nikki Haley t-shirts all the time.

00:04:59.240 That's not necessarily a good endorsement.

00:05:01.960 I will say it is a bit extreme to call her a Democrat.

00:05:06.280 I mean, she does have a good record.

00:05:07.980 She was a good governor in South Carolina generally. 0.98

00:05:10.820 Again, I think she's out of step with certain things in the Republican electorate right now.

00:05:16.300 As Pat will be happy to outline.

00:05:18.260 Pat Gray is with us, and he can outline every part of this.

00:05:21.220 But to call her a Democrat is just primary nonsense.

00:05:27.460 She's not a Democrat.

00:05:29.060 She would be much better than Joe Biden.

00:05:31.700 Well, the problem is a lot of her support in New Hampshire is coming from Democrats.

00:05:36.980 And a lot of her money is coming from Democrats. 0.92

00:05:40.460 The money is coming from her.

00:05:42.120 Right, right.

00:05:43.320 But again, there's a big difference between...

00:05:46.840 But I mean, of Nikki Haley and Ron DeSantis, who would you have thought six months ago would be among the final two?

00:05:54.860 Yeah.

00:05:55.180 Well, you know, it's unreal.

00:05:56.840 Honestly, if we really would have looked at it, we would have probably said that it would be Ron DeSantis down to those three.

00:06:05.480 No, I'm sorry.

00:06:06.060 Nikki Haley down to those three if we had really thought about it, because the Ron DeSantis voter is really the Donald Trump voter.

00:06:14.300 None of those people are going to go away from Donald Trump, I think.

00:06:18.300 But I mean, this whole thing, she's still around and she's in second place or whatever, is a little misleading.

00:06:23.760 It's like, you know, John Kasich also quote-unquote finished in second, right?

00:06:27.420 Like, I mean, he didn't finish in second, but he hung around longer than Cruz did.

00:06:30.980 Well, yeah, DeSantis beat her in Iowa, which supposedly punched his ticket to continue.

00:06:36.020 Right.

00:06:36.600 Okay, well, was your ticket revoked six days later?

00:06:41.220 I believe the answer to that was it was revoked by his donors, is what it was.

00:06:44.840 The rumor was he was talking to his donors and his donors said, look, it's not going to happen and we're not going to keep funding this.

00:06:50.440 And that's when this decision was made.

00:06:52.060 And that's what's weird about Nikki Haley.

00:06:55.100 The Democratic donors are like, yes, we'll continue to fund you.

00:06:59.680 That's the real problem with Nikki Haley, is the donors that are coming from the left. 1.00

00:07:05.060 Yeah.

00:07:05.740 Was it donors or was there some kind of arrangement made with Trump, do you think?

00:07:11.920 Is that possible that Trump has offered him a position, either vice president or some cabinet position, if he gets out right now?

00:07:18.840 No, no, no, no, no, no, no, no, no.

00:07:20.060 First of all, I don't think Ron DeSantis would take the vice president role.

00:07:24.840 I'd love it if he did, but I don't think he would take it if it was offered.

00:07:27.840 Should.

00:07:28.480 I think he should be offered and should accept the AG role right now.

00:07:35.100 It's interesting.

00:07:35.980 He's the attorney general.

00:07:38.000 He'd clean up that mess.

00:07:39.660 His background is law.

00:07:41.980 He's really serious about it.

00:07:43.860 He could really root out the deep state and do all the things that, you know, the president, you know, can't necessarily because he can't be involved with justice.

00:07:56.200 Interesting.

00:07:56.640 There's a lot of candidates for that particular job, too.

00:07:58.820 I mean, Cruz would be great at that job.

00:08:00.620 Cruz would be great.

00:08:01.360 And, you know, he's become much more friendly.

00:08:03.120 Mike Lee would be great.

00:08:03.720 What about Chris Christie, who's been an attorney general?

00:08:07.840 Yes?

00:08:08.440 Yes.

00:08:08.800 Wait, why didn't he talk about that during the campaign?

00:08:10.660 I think he mentioned it once.

00:08:11.760 Oh, okay.

00:08:12.220 But you have to listen really carefully.

00:08:13.680 Really carefully.

00:08:14.800 Really carefully.

00:08:16.100 Yeah.

00:08:16.840 Yeah.

00:08:18.200 So who do you think he should pick for it?

00:08:20.260 Because he said, he came out and he said, I've already selected my running mate and people are not going to be that surprised by my selection.

00:08:30.920 And he said, I don't think it's going to have, you know, that much an effect on the election.

00:08:36.500 I think to me that signals Sarah Huckabee Sanders.

00:08:41.680 Oh, well, yeah.

00:08:44.300 Yeah.

00:08:44.580 I mean, that makes sense.

00:08:46.340 Might be her. 0.89

00:08:47.720 I've been.

00:08:48.540 Nobody would be surprised by that.

00:08:50.420 That's true.

00:08:51.040 And it won't really affect the election.

00:08:53.340 I've got.

00:08:54.100 It's a woman.

00:08:55.520 It's somebody who's loyal.

00:08:57.100 Somebody that won't take the spotlight.

00:08:59.900 We did.

00:09:00.180 True.

00:09:00.920 We did talk about that little nugget in an article about the vice presidency where it said Sarah Huckabee Sanders, the fact that she waited as long as she did to endorse Trump was, quote, unquote, noticed in the inner circles of Donald Trump.

00:09:16.740 So who else could it be?

00:09:18.540 Kristi Noem?

00:09:19.360 I think Kristi Noem's a possibility.

00:09:21.300 Possible.

00:09:21.580 Because she's.

00:09:22.700 Look, the Kristi Noem, as Donald Trump says often about candidates right out of central casting.

00:09:28.040 Right.

00:09:28.220 Like she's an attractive candidate.

00:09:30.200 She. 0.93

00:09:30.500 In more ways than one.

00:09:31.940 Mm-hmm.

00:09:33.200 She. 0.93

00:09:34.240 Thank you, Pat.

00:09:35.020 You're welcome.

00:09:35.320 We didn't get it.

00:09:35.960 You're welcome.

00:09:36.160 We didn't get that.

00:09:36.960 No, I just wanted to make sure that that was one of the force.

00:09:39.180 Yeah.

00:09:40.240 But also, she's smart.

00:09:42.080 And the other thing is.

00:09:43.340 She is.

00:09:44.100 I don't mean this as a knock on Kristi Noem, but the one thing you talk about her as a candidate for the future or as her at the top of the ticket is she's kind of boring. 1.00

00:09:54.200 Like, she's not like a particularly, like, engaging.

00:09:58.060 It's not going to happen.

00:09:58.540 She's smart, but refined and kind of, like, just lays things out. 0.89

00:10:03.820 But she's not a camera seeker. 0.98

00:10:06.820 And that's why people talk about Vivek Ramaswamy for this role.

00:10:09.900 Like, Vivek loves being in front of the camera, loves fighting with everybody.

00:10:13.720 And I don't, that's not usually the profile that Trump goes for in these positions.

00:10:18.200 So, I don't know.

00:10:19.020 Maybe he will this time.

00:10:20.260 The other person that was speculating.

00:10:21.420 Hang on just a second.

00:10:22.060 He does not need somebody who has personal problems and names to be dragged out.

00:10:31.600 Just, he doesn't need that.

00:10:32.740 I don't know.

00:10:33.500 It's the type of thing that Trump completely can overcome.

00:10:36.720 This is a criticism of Noem, but maybe made by some people.

00:10:40.100 But it's like, I don't know.

00:10:41.280 I mean, it kind of puts her in a position where certainly loyalty is more likely in a situation like that.

00:10:46.860 Let me put it that way.

00:10:48.420 Another person who I think, if you take out the identity politics of this, and you just say, like, we always talk about not caring about skin color or gender, right?

00:10:59.140 If you take all that out, you know, J.D. Vance is a really interesting candidate for that role.

00:11:04.540 He's super smart.

00:11:05.780 He can argue with anybody.

00:11:06.840 He knows the media.

00:11:08.160 He's famous in his own right.

00:11:09.680 Like, it's a somewhat, I mean, I don't think Trump's going to have any trouble.

00:11:13.280 People will be surprised.

00:11:15.200 People would be surprised by that.

00:11:17.280 You're right.

00:11:17.980 I agree with you.

00:11:19.080 You'd make a great candidate.

00:11:20.480 But that would be a surprising candidate.

00:11:22.880 Donald Trump said, you're not, people will not be that surprised when I announce.

00:11:29.420 And it will never really, it will never have that big of an effect on who I choose.

00:11:37.020 So he's not going to choose a game changer.

00:11:40.020 And he's going to choose somebody that everybody goes, oh, yeah, that makes sense.

00:11:43.740 I don't think J.D. Vance is in that category.

00:11:46.860 Yeah.

00:11:46.960 Our friend Yaku Boyens is saying that he's hearing Ben Carson being tossed around.

00:11:52.780 I have heard that tossed around.

00:11:54.180 Yeah.

00:11:54.620 I don't like that.

00:11:55.260 That would not be surprising.

00:11:57.500 It wouldn't.

00:11:57.960 Because you couldn't get anybody more quiet.

00:12:00.000 Or milk toast.

00:12:01.180 Yeah, I think it would be bad.

00:12:02.740 Yeah, I do too.

00:12:03.320 I do think that loyalty is going to be the number one thing he thinks about, right?

00:12:06.560 Because he believes he was burned.

00:12:07.960 And I think Carson's would fit that bill.

00:12:09.680 Right.

00:12:10.180 I would be, anyone who you would say, easy test, if you put that person in the same situation

00:12:16.940 as Mike Pence, would they agree with Mike Pence or not?

00:12:19.220 And if the answer is yes, they would agree with Mike Pence, I don't think there's any

00:12:22.000 chance they get this job.

00:12:23.060 Right.

00:12:23.760 I just, fundamentally, this is the most life-changing moment in his political career, right?

00:12:29.860 Maybe his entire life that he believes he was wronged at.

00:12:32.920 Again, putting aside whether he was wrong.

00:12:35.640 But, like, you know, if he believes that, why would he choose someone who would go down

00:12:39.620 that same road?

00:12:40.380 And I feel like that's going to be his number one.

00:12:42.740 He's going to say a lot of things, Glenn.

00:12:44.060 I think it's tough to read the tea leaves with Donald Trump because he likes the drama.

00:12:47.500 He likes it.

00:12:47.840 I know.

00:12:48.740 The reality show part of him loves him talking to one candidate and, look, it looks like

00:12:53.660 I'm going to fire you, but then I'm going to fire you.

00:12:55.980 Like, he loves doing that, so it's hard to know.

00:12:57.900 When he announces, there will be music, he'll say, and my selection is.

00:13:02.040 And then, dun, dun, dun, dun, dun, dun, dun, dun, dun, dun, dun, dun, dun, dun, dun, dun, dun, dun,

00:13:05.640 dun, dun, dun, dun, dun, dun, dun, dun, dun, dun, dun, dun, dun, dun, dun, dun, dun, dun. 0.65

00:13:09.800 Carrot top! 0.97

00:13:11.280 Whoa! 0.71

00:13:11.800 I did not see that coming at all!

00:13:15.540 He does like that drama.

00:13:17.000 He does.

00:13:17.240 He does like that drama.

00:13:18.380 So anytime he says something like, you're not going to be surprised, like, who knows if

00:13:23.580 he's trying to throw people off the scent, whether he's even made the decision or not.

00:13:27.440 I don't think you can trust anything he says to the media, especially in these moments.

00:13:32.040 But when you look at trying to break it down, you know, I think a lot of these candidates

00:13:35.500 do fall in, I don't, Nikki Haley, to me, doesn't make any sense.

00:13:39.140 None.

00:13:39.560 I don't see why he would do that.

00:13:41.800 The only, the, some of the analysis I've read by people who are, you know, on the inside

00:13:46.860 of the Trump world say the one thing he would do to choose someone like Haley would be if

00:13:53.260 he was convinced it was the only chance he could win.

00:13:55.560 Like, if he got to the plate where he believed he was behind and he saw Haley as overwhelmingly

00:13:59.980 popular and he thought it could bring him across the finish line, he'd pick anyone.

00:14:03.660 She's not, though.

00:14:04.300 No, I don't think so either.

00:14:05.560 No, and she would hurt the diehard Trump supporter.

00:14:08.640 They would be like, come on, man, don't sell out.

00:14:10.900 I, well, I don't know.

00:14:12.320 Who was, I was talking to Dave Marcus, the Dave Marcus, the guy I do the show, Megyn Kelly

00:14:16.000 show with when I go on there.

00:14:17.520 And Dave brought a point up.

00:14:18.860 Oh, it's weird because I do it with Megyn Kelly.

00:14:22.980 Oh, I do it with Dave and Megyn and it's great.

00:14:25.460 And I'm not in the Radio Hall of Fame and you bring that up, you know, twice a day.

00:14:29.000 So I get it.

00:14:30.640 But he brought up an interesting point, which is there's part of the Trump experience, which

00:14:36.140 is like he doesn't care about that.

00:14:39.340 He, he, if he believes it's the right thing, he believes his voters will go along with it.

00:14:44.140 Right?

00:14:44.340 Like the whole famous thing about, I'd shoot people on Fifth Avenue and I wouldn't lose 0.96

00:14:48.540 any votes. 0.91

00:14:48.940 He believes that.

00:14:50.120 And he says, look, if, if, if I think Nikki Haley is the right person, then get on board.

00:14:54.580 Nikki Haley is the right person.

00:14:55.700 And I think that's true if he makes that decision, but I don't think he'd make that decision for

00:14:59.460 any other reason than he believed it was necessary to win, which certainly right now it's not.

00:15:05.780 I mean, he's, he's at his best position in the polls he's been in, in any of his presidential

00:15:10.100 runs right now.

00:15:11.000 That's one of the reasons why I like Ramaswamy, because there's a new poll out.

00:15:15.840 I'll tell you about this new poll about Gen Z voters and what they're saying right now.

00:15:20.880 This is not good for president Joe Biden.

00:15:26.640 This is the best of the Glenn Beck program.

00:15:31.500 All righty.

00:15:32.760 Uh, we have Carol Roth, uh, on with us.

00:15:35.180 So let me give some good news to this fantastic audience.

00:15:39.260 Big news from Florida.

00:15:40.820 Uh, the, uh, the law that we spoke about, uh, the last time that, um, Justin Haskins was

00:15:48.880 in town in Dallas, we were talking to a Florida representative.

00:15:53.320 Uh, it is working more than a hundred Florida banks, including some huge nationally chartered

00:16:00.300 banks have just signed an agreement with the state that they will not discriminate on the

00:16:05.740 basis of customers, political views.

00:16:08.160 This is one of the main reasons why we wanted this in the first place.

00:16:12.460 You can see the, uh, legislation.

00:16:14.620 I'm going to tweet it out, uh, here in just a minute or so.

00:16:18.160 The legislation behind this is the same that we've been promoting since the great reset book

00:16:23.600 was, uh, released in January of 2022.

00:16:27.220 Same, uh, legislation that lawmakers learned about when they came to the summit that we hosted

00:16:32.640 at Mercury one in Dallas.

00:16:35.060 And, uh, it's the same one that I talked about when I was on the, um, on the stage of the

00:16:39.940 pro family legislative conference in November of 2023.

00:16:43.520 This is a massive, massive win.

00:16:47.320 Donald Trump has also formally committed on the campaign trail to stopping banks from

00:16:51.480 discriminating on the basis of politics.

00:16:53.540 The whole point of the bill that we were pushing in, uh, in, uh, in Florida.

00:16:57.940 If other States pass bills, like the one in Florida, we will win and destroy ESG.

00:17:06.200 We're getting an update.

00:17:07.480 Hopefully I'll have one by the end of the show on how many other States are taking this

00:17:10.660 up, but Florida again is leading the way.

00:17:14.360 Donald Trump says he is, is, uh, right with this.

00:17:17.840 We need your state to follow Florida's lead.

00:17:21.000 The banks are jumping off and they are actually signing, uh, uh, promises that they will not,

00:17:29.560 uh, consider your politics when looking at loans or anything else.

00:17:34.680 That is huge, Carol, huge.

00:17:36.640 That is, that is huge.

00:17:37.760 And I want to point out, Glenn, this is the second grassroots win that we've heard about

00:17:42.700 within the last seven days.

00:17:44.780 And I am so proud of you and everyone in your audience who has been saying, I'm not sure

00:17:51.560 that I can make a difference, but you know, I'm going to try, I'm going to write a letter.

00:17:55.480 I'm going to send some, some comments and whether it's to my state legislator, uh, representative

00:18:01.100 or to my governor or whoever it is, we're seeing that when enough people stand up, they

00:18:07.500 can make a difference.

00:18:08.780 And that should inspire and fire everybody else up to continue this because it is working.

00:18:15.840 And so I'm thrilled by the way that I get to say some, participate in some good news

00:18:20.320 on your program.

00:18:21.120 I know, I know, I know, uh, that's going to end soon.

00:18:24.260 Your mood won't improve much, but, uh, but, but I do want to point out what you just said.

00:18:29.780 Talk about what happened last week.

00:18:32.180 That was another massive win.

00:18:35.240 And it started with this audience.

00:18:37.620 It a hundred percent started with this audience and it started with you and Marlo Oaks, the

00:18:43.500 treasurer out of Utah who brought to our, brought to our attention, these natural asset companies

00:18:50.160 and the fact that the New York stock exchange had gone to the sec and said, we want to list

00:18:55.120 them.

00:18:55.780 We want to list these companies who can control and manage natural resources.

00:19:00.820 And we said, no, this isn't going to happen.

00:19:04.040 And so you brought this to everyone's attention.

00:19:06.080 We came up with a template, people from this audience, hundreds of people from this audience

00:19:11.260 came, emailed me personally for that template, sent it in.

00:19:15.800 And there was so much pressure that the sec didn't even get to rule.

00:19:19.660 The New York stock exchange withdrew the rule because of the pressure from patriots, from

00:19:25.080 this audience.

00:19:25.960 It was an absolutely huge victory.

00:19:28.700 So now we've got this, we've got the, the ESG, we've got the non-discrimination, we have

00:19:33.980 momentum.

00:19:34.980 So certainly lots more work to be done, but everybody should take that moment to take a

00:19:41.480 victory lap.

00:19:42.320 It doesn't mean you have a party for the rest of the year, but for a quick moment to say,

00:19:46.380 I made a difference.

00:19:47.560 If I participated and if you didn't do it the last time around, next time around, do it

00:19:53.320 the next time because the more people who do it, the more of a chance we have to make

00:19:57.560 that difference.

00:19:58.020 So, uh, we're going to get into why this is so critical that you understand the power

00:20:03.660 that you have, uh, and really know it.

00:20:07.360 Um, it's critical.

00:20:09.560 Um, make sure you're listening next hour because I'm going to show you massive moves now being

00:20:15.540 made, uh, on, uh, silencing voices like ours to alert people like you.

00:20:22.260 So you may have to be the replacement vote, uh, voice to encourage others.

00:20:27.540 Um, it is the digital ghettos are being made right now, and they're going to start putting

00:20:34.100 people behind those walls, uh, soon.

00:20:37.020 Okay.

00:20:37.480 So Carol, um, let me explain the discount window and see if I have it right.

00:20:42.380 Discount window at the fed.

00:20:44.320 Think of a bunch of windows at a bank where you walk up to windows.

00:20:48.040 The discount window was where banks, uh, they, if they walked into the fed, which is the bank

00:20:54.440 of banks.

00:20:55.400 Okay.

00:20:55.840 So all those windows, there's bankers at the windows, no people like you.

00:21:00.200 And the discount window was the kind of shameful window at the end that everybody could see.

00:21:06.440 And you could walk up to the discount window.

00:21:09.120 If your bank was in trouble and say, uh, I need to borrow some more money.

00:21:13.220 Uh, I, I need it here.

00:21:15.100 Cause we're getting a little dicey on our books and all the bankers could look over to see

00:21:21.640 who is in line at that discount window.

00:21:23.940 And then they'd say bank of George is in trouble.

00:21:27.440 Did you see that?

00:21:28.080 George was just up there.

00:21:29.080 The bank of George is in real trouble.

00:21:31.000 And so it was shameful and nobody wanted to go up to that discount window.

00:21:36.040 After 2008, they took all that shame away.

00:21:39.340 And now you can walk up and go, man, right?

00:21:43.160 Are we all in trouble?

00:21:44.560 You bet.

00:21:45.340 Can you give me some more money?

00:21:46.860 Do I have that right?

00:21:48.600 A pretty similar.

00:21:49.920 And it's an unfortunate name because the discount window does sound like a place at Nordstrom

00:21:53.880 where you'd maybe get a discount on some good goods, right?

00:21:57.540 But you know, you said it is sort of, um, has a stigma attached to it because within the

00:22:03.060 banking system, within the plumbing, as you noted, banks lend to each other on a regular

00:22:08.040 basis.

00:22:08.720 And if you're in good shape, um, you may go, if you have a liquidity need over a night

00:22:13.800 or for a short term, you may go to another bank and you may get a loan.

00:22:17.320 And that's actually what the Fed funds rate sets that target rate of lending at that we

00:22:22.500 hear.

00:22:22.800 We hear, oh, you know, we're going to go up 50 basis points.

00:22:25.560 We're going to go down.

00:22:26.360 That's that interbank lending rate.

00:22:28.620 The discount window, as you mentioned, is at the Fed.

00:22:32.160 And funny enough, it's not even at a discount.

00:22:34.560 It's actually at a premium to the Fed funds rate because banks who, you know, can't get

00:22:39.640 the money elsewhere have to go to the Fed.

00:22:42.000 We've heard the name, uh, the phrase, the Fed is the lender of last resort.

00:22:46.080 And that's if you're in line at that discount window, it's because you've got nowhere else

00:22:51.040 to go in order to get that money for your liquidity.

00:22:54.340 So while that information isn't reported, um, uh, usually on a case by case basis for

00:23:02.360 about two years, you don't know specifically, there's enough detail that participants in

00:23:07.020 the market can infer who's going to those windows.

00:23:10.940 And then also it's a very important market signal because in the aggregate, if we're seeing

00:23:16.820 a lot of loans being taken down via the discount window, which is reported on a regular basis,

00:23:22.680 we can infer that there's trouble in the banking system.

00:23:26.440 So like we did last March, when there was the banking crisis, you saw this huge spike

00:23:30.760 in discount window usage.

00:23:32.560 So I think that, that kind of pieces that this all together.

00:23:36.400 Okay.

00:23:37.100 So now what has the Fed done?

00:23:40.360 So there is a new rule that is being worked on.

00:23:43.940 This had been rumored to be happening for a long time and now it's finally come out and

00:23:48.660 it's between the Fed, the treasury and the, I believe it's the FDIC.

00:23:54.720 And they are planning to say, well, because there's so much, uh, well, actually they're not saying

00:24:00.140 because I'm getting ahead of myself.

00:24:01.680 So they're basically saying they're going to introduce a new rule that if you are a bank

00:24:06.800 over a certain size, I think the a hundred billion dollars is the, the assumed, uh, cutoff

00:24:12.280 point that we're going to force you to use the Fed discount window every year on whether

00:24:19.700 you need a loan, whether you don't need a loan, whether you could borrow from another

00:24:23.780 bank, doesn't matter. 0.96

00:24:24.760 We're going to make sure that you do it. 1.00

00:24:26.160 And the reason they think we're so stupid, they say, well, the reason we had this crisis 0.99

00:24:33.080 in March wasn't because we had all of these underwater, uh, you know, securities on banks 0.99

00:24:38.740 balance sheets.

00:24:39.320 No, no, no.

00:24:39.660 That wasn't the issue.

00:24:40.600 It was because they couldn't figure out how to use the discount window.

00:24:46.000 So this will be like a dress rehearsal or a fire drill.

00:24:50.060 So if you do it on a regular basis, now, you know, and we can avoid the other crisis, which

00:24:56.100 is absolutely insane.

00:24:58.140 And if you believe that I have a bridge to sell.

00:25:00.560 That is like, that is like the cops saying, uh, yeah, well, uh, we, we've got to fire our

00:25:07.960 guns, you know, uh, at people once in a while, because otherwise if something happens, we won't

00:25:14.260 know how to fire guns at people.

00:25:15.980 I mean, that's crazy.

00:25:17.280 Of course they know how to use it.

00:25:19.360 That's their job to learn how to use it.

00:25:22.060 It seems to me they're forcing these banks to do it.

00:25:25.220 So we don't know who's in trouble anymore.

00:25:28.320 Bingo.

00:25:29.000 So there is this great newsletter called FX hedge, and they brought this out into the

00:25:34.060 open and sort of surmised the different reasons why this was happening.

00:25:37.980 Uh, and I'll add my own flavor in here too.

00:25:40.020 But like you said, the obvious reason is that they're trying to obfuscate the information

00:25:45.280 and the signals.

00:25:45.960 They're trying to hide what is going on in the banking system.

00:25:49.780 So that, that's the clear reason.

00:25:51.760 The only reason why you would force everybody to do it, because of course, if you're part

00:25:56.020 of the Fed system, you're going to know how to use the discount window, right?

00:25:59.320 They're big, big, huge banks, and they can't figure out how to use the discount window.

00:26:03.080 I mean, it's absolutely insane.

00:26:04.160 But it also kind of, if you start going down the line, it means that they must think that

00:26:09.480 there's some reason for them having to hide this information, which is the various issues

00:26:15.840 and weakness that we have known for a while remains in the, uh, the banking system.

00:26:21.140 On top of that, uh, this FX hedge newsletter also talked about the idea of consolidation,

00:26:28.420 something that you and I have spoken about a lot within the banking system and centralization.

00:26:33.720 That if the banks are no longer lending to each other and they're now relying on the Fed,

00:26:39.820 this is shifting the banking system away from, you know, more of a quasi-free market to a

00:26:46.120 more Fed-controlled system, which we know is something that we have been concerned about

00:26:51.040 with CBDC.

00:26:52.180 And then, you know, a fourth reason could be these liquidity issues that we're seeing

00:26:57.760 in the treasury market and the need for the Fed to find ways to increase its balance sheet

00:27:03.000 without calling it QE.

00:27:04.840 So lots of possible different reasons, but certainly that first hallmark reason that they're trying

00:27:10.340 to hide information and issues within the banking system, um, is just, it's a, not only a head

00:27:19.580 scratcher, but it's a red neon sign.

00:27:21.660 Okay.

00:27:22.080 So Carol, there's, there's also something going on that I don't understand.

00:27:26.280 And that is we are now, I guess the U S has proposed that we just take $300 billion of

00:27:35.560 Russian assets, unfreeze them.

00:27:38.120 And I guess what, divvy them up to us.

00:27:40.320 What, what is this?

00:27:42.180 All right.

00:27:42.500 So this is a proposal that is expected to be put forward, um, at the end of February.

00:27:48.820 And it's something we need to keep our eyes on because in the context of the discussions

00:27:53.100 we've been having about de-dollarization and the U S being the global reserve currency,

00:27:58.580 it's very important.

00:27:59.580 Uh, there are people like Larry Summers, who, as you may remember, was a former treasury

00:28:05.100 secretary under Clinton.

00:28:06.720 He was also Obama's director of the NEC.

00:28:10.560 And so he's been working with, with some other economist folks in the G seven, and they are

00:28:16.960 exploring ways as a group to figure out how they can legally, uh, take all of the assets

00:28:24.320 or at least $300 billion of the assets that they froze, uh, back when Russia invaded Ukraine.

00:28:29.760 You remember they did this, they weaponized the dollar and it created all sorts of issues

00:28:34.120 and they had frozen those reserves.

00:28:36.480 So Russia couldn't access them.

00:28:38.040 Well, now they're trying to justify legally that they have the ability to seize those fully.

00:28:44.560 So not just freeze them.

00:28:45.720 We went from freeze to seize, take them.

00:28:49.040 And what they want to do is they want to give them to Ukraine.

00:28:53.500 They're going to compensate Ukraine in some way, shape or form. 0.81

00:28:58.320 I know it totally, it totally doesn't sound like money laundering at all, Glenn.

00:29:02.600 I'm not suggesting that, um, but yeah, so they wanted to use this $300 billion that belongs

00:29:09.840 to Russia, seize it quote unquote legally.

00:29:12.960 And so they have been in this working group and it's expected that at the end of February,

00:29:18.340 I think that the date's February 24th, they're going to be in this group and that they are

00:29:22.060 going to make this announcement.

00:29:24.500 And if you go to, to Larry Summers Twitter, you know, he's talking about, you know, oh,

00:29:29.020 I'm so excited that the G seven's on board with this.

00:29:31.620 And this is the moral and right thing to do.

00:29:34.400 This is, I, I, you know, I can't, I can't even believe the, that they're, they're trying

00:29:40.180 to position it this way because obviously when they took the step to freeze the reserve

00:29:46.540 assets, this, in terms of our position as the world reserve currency and the trust of

00:29:52.260 the U S created all kinds of ripple effects.

00:29:55.180 And now if you're somebody who buys food or energy that that's priced in dollars, you're

00:30:00.420 trying to find a workaround, which is why we're, we've been seeing this de-dollarization,

00:30:04.280 why we've been seeing this trade going on from China and other countries in other currencies.

00:30:10.640 And in many cases settled with gold because of this, now they're going to just say, we're

00:30:17.480 going to take them and give them to whoever it is that we want.

00:30:20.800 This is an epic disaster.

00:30:23.220 It is a complete dereliction of duties.

00:30:26.360 And somebody in Congress needs to get the fed and the government under control because

00:30:33.440 we cannot do this unless Glenn, and we've talked about this before, this is an entirely

00:30:38.660 intentional way to, you know, get the dollar to continue to topple and not beat the world

00:30:44.560 reserve currency.

00:30:45.440 Let me ask you something, um, on, uh, Jamie Dimon last week, he was at the world economic

00:30:50.300 forum and he came out shockingly, you know, very praiseworthy of Trump saying, you know,

00:30:56.840 Hey, we should listen.

00:30:57.620 He's right about a lot of things.

00:30:59.200 Um, people didn't understand what he was doing.

00:31:01.380 I saw this as a way of auditioning for Donald Trump to say, make me your treasury secretary.

00:31:07.920 Does that sound right to you or plausible?

00:31:11.280 I'm so glad that you said that because I had some people who went to the JP Morgan healthcare

00:31:16.460 conference, which is their marquee conference in January.

00:31:19.840 And he gave a sort of internal speech there.

00:31:23.520 Somebody asked him, said, Jamie, would you ever want to be president?

00:31:27.260 And he said, well, I've seen these wonderful business people go in before and run campaigns

00:31:32.600 and they haven't been successful.

00:31:34.440 But, you know, if somebody tapped me on the shoulder, then I would have to rise to the

00:31:39.340 occasion.

00:31:39.880 So he is putting the word out in his circle that he is interested in something much higher.

00:31:47.080 So I'm with you, Glenn.

00:31:48.140 There's something there.

00:31:49.260 Yeah, something big.

00:31:50.520 Thank you so much.

00:31:51.480 I appreciate it.

00:31:52.240 Carol Roth.

00:31:53.220 Uh, the name of her book is You Will Own Nothing.

00:31:59.440 This is the best of the Glenn Beck program.

00:32:01.940 So there is a new poll out that was conducted on behalf of the Committee to Unleash Prosperity,

00:32:14.440 which divided respondents between elites, people with at least one postgraduate degree,

00:32:21.520 earning more than $150,000 and living in zip codes where the population density exceeds 10,000

00:32:29.680 people per square mile, and then they put everybody else in the general public, okay?

00:32:34.520 So you had to have at least one postgraduate degree, $150,000 job plus, and live in a zip 0.98

00:32:44.660 code that's high density, okay?

00:32:47.700 Everybody else was not considered elite.

00:32:50.500 They then recorded the responses of a subset of super elites and elites.

00:32:57.660 Now, the super elites were those who graduated from the prestigious private universities, the

00:33:05.060 Ivy League, Duke, Stanford, Northwestern, and that made you a super elite.

00:33:11.820 Wait until you hear what they found.

00:33:15.840 It's not going to come as a surprise, but 73% of the upper class, the super elites and the

00:33:26.020 elites consider themselves Democrats and approve of Joe Biden's performance at 84%.

00:33:35.680 So 73% of the super elites and the elites are Democrats, and by 84%, that 73% loves Joe Biden's work.

00:33:49.520 Now, that's surface level.

00:33:53.300 Listen to this.

00:33:54.980 74% of the elites and 88% of the super elites report their personal finances are on the upswing.

00:34:03.660 Not a surprise, right?

00:34:05.760 The bulk of those who remain say they're either unsure or they're getting neither better nor worse.

00:34:12.400 Then there is just a negligible portion of respondents that say their pocketbooks are getting lighter.

00:34:19.640 Now, that's all in the elites.

00:34:21.840 Compare that to the Americans more generally, the rest of the people in the survey that don't fit into those categories I just explained.

00:34:30.580 It's hard to believe they're living in the same country. 0.54

00:34:33.060 We are becoming more and more divided in our country with everything, with absolutely everything.

00:34:42.080 40% of Americans say their financial situation is worsening, and only 20% say it's improving.

00:34:49.600 So those who are elites, they all say it's getting good.

00:34:54.060 88% say it's on the upswing.

00:34:57.240 20% of the regular people say it's improving.

00:35:00.600 40% say it's getting bad.

00:35:04.240 Now, let's look into the rest.

00:35:09.600 The class disproportionately represented in positions of influence don't feel the same economic pain that Americans do, the rest of us.

00:35:22.680 Because, because of that, it makes them less likely to take steps that will alleviate your pain, but will actually make things worse.

00:35:36.480 They're supporting Biden because they're getting richer.

00:35:40.260 You're feeling pain.

00:35:41.800 So the elites don't see this as really a problem because they're fine.

00:35:48.040 A stunning 77% of elites and 89% of super elites support strict rationing of meat, gas, and electricity.

00:36:02.280 72% and 81% would ban gas-powered cars.

00:36:24.280 55% and 70% would prevent Americans from engaging in non-essential air travel.

00:36:34.140 47% and 55% believe the government affords Americans too much freedom.

00:36:41.620 The rest of the country doesn't feel that way.

00:36:53.900 The percentage of those who are not elites or super elites that would agree to any of those things is between 16% and 25%.

00:37:04.860 70% of elites, double the number of average Americans, and 89% of super elites say they trust the government to do the right thing.

00:37:17.540 This is not a war against Republicans and Democrats.

00:37:22.440 This is the elites versus everybody else.

00:37:27.440 They don't see the world the same way at all.

00:37:31.240 And I know this to be true.

00:37:33.600 When you live in, let's say, Manhattan, you're living in, if you're living anywhere near the park, you are not living with real people that understand and look at America the same way.

00:37:50.100 The easiest way to say is New Jersey, which is just across the river, that's like hillbillies and hicks.

00:37:57.320 They don't understand anything until they get to Los Angeles.

00:38:01.860 They don't get it.

00:38:03.260 And they put everything in one bucket.

00:38:06.000 They don't get it.

00:38:07.340 We get it.

00:38:08.400 And the people in Los Angeles get it.

00:38:11.540 The people on the coasts.

00:38:14.320 Everybody else is disposable.

00:38:17.060 They don't add anything to our lives.

00:38:19.220 What?

00:38:19.640 We can do whatever we want here.

00:38:22.000 We have everything we want here.

00:38:24.900 What else matters?

00:38:26.300 I mean, God forbid we do anything to London or Paris except get rid of some of the riffraff because those are places we like to go to vacation at. 1.00

00:38:34.860 This poll is absolutely stunning to me.

00:38:42.400 So now take what you know again.

00:38:44.960 Let me just tell you again that they approve of Joe Biden by about 83%.

00:38:53.660 83% are getting better in their finances.

00:38:58.940 They support by 77% and 89% of the super elites support the strict rationing of meat, gas, and electricity.

00:39:09.740 81% would ban the use of gas-powered cars.

00:39:14.360 70% would prevent Americans from engaging in non-essential air travel.

00:39:21.540 And 55% believe the government affords Americans too much freedom.

00:39:28.000 With that in mind, now let me tell you about Davos.

00:39:35.080 Davos is putting together an exclusion list.

00:39:39.560 A list that they're creating to demonize sources of sharing so-called disinformation.

00:39:46.980 Now, what exactly is disinformation?

00:39:49.540 Well, disinformation is real.

00:39:52.740 It is the intent of the author to lie to a group of people to get them to believe something that isn't true.

00:40:05.700 That's disinformation.

00:40:06.860 It's intentional.

00:40:08.540 Misinformation is not intentional.

00:40:11.440 Okay?

00:40:11.540 But now they have exclusion lists to demonetize, which means getting rid of all advertising, even banking access, anybody who is sharing so-called disinformation.

00:40:26.480 The president and CEO of Internews, an international nonprofit that provides support to independent media outlets in more than 100 countries, addressing how to prevent the spread of what they consider inaccurate information.

00:40:43.560 They talked and did a talk at the Davos conference panel, and the panel was called Defending Truth.

00:40:52.680 Global trust in institutions is eroding, reflected in how 40% of people consistently trust news, empowering Internet users with media information literacy, advancing information integrity, and enhancing transparency.

00:41:09.100 It's vital for addressing the spread of false information.

00:41:14.300 So the question was, what actions do stakeholders need to take to preserve a healthy trust ecosystem?

00:41:23.720 Now, remember, we're not talking shareholders anymore, because that's you.

00:41:27.800 We're talking stakeholders.

00:41:29.840 Those are the elected officials, the CEO of companies, the boards of directors, and the politicians, the global elite.

00:41:39.460 Oh, I forgot.

00:41:40.740 Also, the university systems.

00:41:43.960 Those are the stakeholders.

00:41:47.180 You don't have a vote.

00:41:49.020 Your vote is when you pick one of these politicians.

00:41:52.200 That's your voice.

00:41:55.760 Now, they said the most effective way to keep people from being exposed to so-called inaccurate information is to develop a list or guides for advertisers that tell them where to and where not to spend.

00:42:10.880 Now, this is where it gets interesting.

00:42:13.760 Media Matters used to do this, and all of these lefty organizations, they do it because they threaten boycotts.

00:42:21.540 They say, oh, if you're not with us, then you're against us.

00:42:26.880 If you're with them, then you're our enemy.

00:42:29.820 If you decide that their audience is worth your time and money, we know that those people are all deplorables.

00:42:40.320 We know who they are, the unwashed masses.

00:42:44.020 So if you want those people as customers, then we're against you.

00:42:49.000 Now, they are going to the global elites and the governments, and they are now saying to these stakeholders that you don't want to advertise there.

00:43:02.900 The governments are giving people permission to be able to debank.

00:43:08.020 So they put pressure on it and say, you know, this is a person spending a lot of time saying things that just aren't true.

00:43:15.380 Like, I don't know, the jabs may have not been the best of ideas.

00:43:20.680 You can't bank with those.

00:43:23.000 And if they go to the advertisers and say, you've got to drop your commercials from that show, they'll be debanked if they don't.

00:43:30.520 You see how this blackmail works?

00:43:32.960 Now, listen to this.

00:43:35.840 Disinformation makes money, and we need to follow that money, and we need to work with, in particular, the global advertising community.

00:43:45.640 Those dollars are going to pretty bad content, so you can work really hard on exclusion lists or inclusion lists,

00:43:52.720 but just focus on their ad dollars going to good news and information, the accurate and relevant news and information.

00:44:02.960 Here's what Internews does. 1.00

00:44:07.080 They train journalists and digital rights activists.

00:44:11.020 They tackle disinformation and offer business expertise to help media outlets become financially sustainable.

00:44:18.660 Look at the incentives.

00:44:20.580 The organization aims to eliminate disinformation designed to manipulate elections, distort public debate, incite violence, or undermine public health.

00:44:30.560 All of these things are good and noble causes.

00:44:34.600 We just don't agree on what's true or not, what the public health is.

00:44:39.620 I think by pointing out, hey, you know the testing of that jab?

00:44:45.060 It's not what they say it is.

00:44:46.960 Hey, I think it actually came from a lab that we helped fund in China.

00:44:53.040 I believe that's the truth.

00:44:57.280 Asking questions only leads you closer to the truth.

00:45:02.020 They think that's disinformation.

00:45:05.420 This is a, they say, a national and global security threat this year because of the elections.

00:45:13.800 You need to shore up your credibility with everybody you know.

00:45:18.800 You need to get rid of all of the things in your life that you might have done wrong or are doing wrong.

00:45:23.820 Get them out into the open.

00:45:25.700 Clean them all up.

00:45:27.440 Make amends where you can so you don't have anything to fear.

00:45:32.760 Then you need to start speaking out.

00:45:35.580 But you need to be well-researched.

00:45:37.980 You're smart enough to figure things out.

00:45:40.440 You don't immediately sign on to things that you're like, oh my gosh, here's the silver bullet.

00:45:46.320 And it's exactly the answer I was looking for.

00:45:49.320 Be cautious of those things.

00:45:52.300 Do extra research.

00:45:54.440 You know, the things I tell you, I always, I really want to be wrong.

00:46:00.480 I really want to be wrong on these things.

00:46:03.560 I hope that I am.

00:46:05.140 But one thing that disinformation, the real purveyors of disinformation do, will say, don't ask any questions.

00:46:15.940 You can't ask that question.

00:46:17.680 You just accept this.

00:46:19.560 You should ask questions of not only people you agree with, but people you disagree with.

00:46:26.460 You should ask questions to the deepest questions of yourself.

00:46:31.080 Because if you stop asking and talking to people who differ with you, then you grow arrogant.

00:46:38.280 And you become just like those people. 0.67

00:46:42.000 You become so arrogant. 0.98

00:46:43.680 I have nothing to learn from you. 1.00

00:46:45.640 You're just a moron. 1.00

00:46:47.220 You're beneath me. 1.00

00:46:49.040 Did you go to Harvard?

00:46:50.720 I did.

00:46:52.300 No, I didn't.

00:46:53.240 And that's why I'm still asking questions.

00:46:56.340 You should always ask questions.

00:46:58.620 And people who tell you not to, just to trust them, run from them.

00:47:04.060 And don't become like them.

The Glenn Beck Program - January 22, 2024

Best of the Program ｜ Guest： Carol Roth ｜ 1⧸22⧸24

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