The Glenn Beck Program - Best of the Program ｜ Guest： Rep. Thomas Massie ｜ 5⧸20⧸24

00:00:00.000 A good podcast today, and let's just say it begins, and quite honestly, may end everything

00:00:11.220 with an unexpected appearance of Big Mike.

00:00:17.240 Will you just leave it at that?

00:00:19.660 And so much more on today's podcast.

00:00:22.520 Here it is.

00:00:23.800 All right, let me tell you about the Burn-A-Lodger.

00:00:25.700 Do you have summer plans with the family?

00:00:27.900 You're planning on traveling around some fun destination?

00:00:31.360 Ah, there's nothing like going to the Arch of St. Louis, you know what I'm saying?

00:00:36.180 Especially at night, well, any place.

00:00:39.080 St. Louis, Chicago, Detroit, New York, Cleveland, Philadelphia, Miami.

00:00:48.100 Pretty much any place is great, but you might want to just have a Burn-A-Lodger in case a

00:00:55.700 tear gas game breaks out, you know what I mean?

00:00:58.180 Where you're like, hey, I know the police brought their tear gas, I think I'm going to bring mine.

00:01:02.860 And you bring your tear gas, because maybe you're blocked, because everybody's having fun around your car.

00:01:08.760 And you can roll down the window and just stick your little Burn-A-Lodger out and be like, 0.92

00:01:12.380 hey guys, you want to have some real fun?

00:01:13.780 And it shoots tear gas at them.

00:01:17.700 And it incapacitates them for 40 minutes, which means you drive away.

00:01:23.780 Here's the great thing.

00:01:24.780 You can pack this in your checked luggage without the need to declare it as a firearm, making your airport experience even smoother.

00:01:32.420 Burn-A-Lodger, it's legal in all 50 states, no permits or background checks are required.

00:01:37.480 It can be used by all age groups over 18.

00:01:40.860 And again, it can incapacitate an attacker for up to 40 minutes.

00:01:44.700 Burn-A, proudly American. 1.00

00:01:47.280 Made and manufactured in Fort Wayne, Indiana, one of my favorite cities.

00:01:50.980 Visit Burn-A-B-Y-R-N-A.com slash Glenn.

00:01:54.980 Get 10% off your purchase.

00:01:56.720 That's Burn-A.com slash Glenn.

00:01:58.940 10% off now.

00:02:01.300 Burn-A.com slash Glenn.

00:02:10.040 You're listening to The Best of the Glenn Beck Program.

00:02:14.040 We want to welcome Stu and Pat back to the program.

00:02:21.220 I'm still recovering from eye surgery, and my doctor told me about a week and a half.

00:02:26.180 She said, you're going to get into about almost two weeks, and you're going to just really want to scratch your eyes out

00:02:35.140 and wonder why you've ever done this.

00:02:37.260 And I am in that period right now, and I can barely see, and it is driving me out of my mind.

00:02:45.520 I can't see anything.

00:02:46.840 It's still all blurry, and it's...

00:02:49.040 But this too shall pass, according to this doctor.

00:02:53.180 Anyway, so Pat is joining me.

00:02:55.480 Stu is joining me today.

00:02:56.980 Thank you so much, guys.

00:02:58.820 We've got a big show lined up for you today.

00:03:01.860 I wanted to start with Donald Trump and the poll numbers.

00:03:06.620 Stu?

00:03:07.260 Yeah, I mean, obviously the polling has been pretty solid for Donald Trump here,

00:03:11.580 especially in swing states over the past few months, and it's been holding pretty steady.

00:03:19.560 It's a close race, and I think people at times can lose sight of that because you see polls here and there

00:03:25.780 that might show him with seven-point leads in some of these big states.

00:03:29.320 A 12-point lead in Nevada we saw recently.

00:03:31.840 That's huge.

00:03:32.180 But it's still a close race, and he still has to pull off a couple of states and win them that Joe Biden won in 2020.

00:03:41.640 A couple of interesting things on that front.

00:03:44.600 He now is on the prediction markets, and we talk about the prediction markets each cycle because they're kind of interesting.

00:03:52.420 It's not what people say they believe.

00:03:55.040 It's not what people are like.

00:03:56.640 Put your money where your mouth is.

00:03:58.060 This is people putting their money.

00:03:59.220 They're betting on the outcomes.

00:04:00.620 So this is really a snapshot, not necessarily of where the race is.

00:04:04.380 It could be totally wrong.

00:04:05.520 But it is a snapshot of what people actually believe.

00:04:08.840 And what we've seen, generally speaking, throughout this cycle is a pretty close race.

00:04:14.880 Biden may be up by a couple points, then down by a couple points.

00:04:17.360 Right now, Donald Trump has a 51% chance of winning the presidency.

00:04:23.620 In second place is Joe Biden at 42%.

00:04:26.800 So a nine-point difference.

00:04:28.640 That's about as wide as I've seen it.

00:04:30.760 And I think a lot of that goes back to the positive outcomes that have come or positive perceptions of how this case has gone in New York for Alvin Bragg,

00:04:39.800 where it seems like kind of a catastrophe in the making.

00:04:42.880 So we have that looking good for Donald Trump.

00:04:47.380 Do you want, while we're here, the Republican vice presidential odds?

00:04:50.840 Yeah, I do.

00:04:51.700 But I just want to say, you know, you said, you know, this is how people really feel because they're putting their money down.

00:04:57.780 And I just want to say, not necessarily people, but just degenerate gamblers like you. 0.70

00:05:02.900 Yes. 0.94

00:05:03.340 Yeah, that's fair.

00:05:04.120 That is fair.

00:05:06.680 But those are the people who actually are saying what they believe.

00:05:10.100 Sure, sure.

00:05:10.800 Yeah, because they're usually high on crack as well.

00:05:14.060 Hey, that might be true.

00:05:15.460 Though they've done pretty well, as we've noted in the past, as far as predictions go.

00:05:21.100 Yeah, they've done pretty well.

00:05:22.740 It's interesting, too, that, you know, while you're right, of course, it is just mainly degenerate gamblers that would do things like this.

00:05:30.460 You know, these people tend to care about the outcome of events.

00:05:34.580 And, you know, pundits on TV don't necessarily have that same motivation.

00:05:39.760 Many of them are playing to their base.

00:05:41.660 Many of them are just saying the things they think they need to say to impress whoever they're going to be at a cocktail party next week.

00:05:49.020 So, I don't know.

00:05:50.040 I find it at least representative of where we are at this moment.

00:05:54.160 I mean, honestly, it's red cell.

00:05:56.200 Do you remember that?

00:05:57.260 Do you remember when the Pentagon, right after 9-11, did a red cell thing?

00:06:01.540 And they said, let's open this up to the market and allow people to bet, you know, internally, not, you know, like a stock exchange.

00:06:12.240 But internally, we pick people and allow them to bet money on what they think the next most likely terrorist attack is going to happen.

00:06:21.320 And it became very, very accurate.

00:06:24.020 And then it got out that people were doing that.

00:06:26.920 And everybody was like, I'm offended by that.

00:06:29.620 Well, okay.

00:06:30.940 Well, it was a great way to be able to figure out what people thought would be coming next so we could prepare against it.

00:06:39.960 It was actually very successful.

00:06:42.720 Yeah, it was.

00:06:44.140 And it does tell you something interesting.

00:06:45.460 I should point out, as you're accusing other people of being degenerate gamblers, I should point out that you have a $3,000 bet with me that Michelle Obama is going to be on the top of the ticket.

00:06:54.080 I don't remember that.

00:06:55.420 I do not remember that.

00:06:56.880 Is it up to $3,000?

00:06:57.380 $3,000.

00:06:58.340 Last I heard it was $2,000.

00:06:59.280 He kept dropping it.

00:07:00.120 $3,000.

00:07:00.460 I don't remember it, Pat.

00:07:02.000 And Pat, wow.

00:07:02.540 America doesn't remember it.

00:07:04.200 I wouldn't either if I made that bet.

00:07:07.440 I was so confident there for a while.

00:07:09.820 And I had him on the rocks, too.

00:07:12.320 Now, Glenn, I want to just give you this opportunity as I give you this additional knowledge that on the prediction markets, Michelle Obama is in third place.

00:07:20.740 So, like, it's Donald Trump, 51%.

00:07:22.800 Joe Biden, 42%.

00:07:24.160 Michelle Obama, 3%.

00:07:26.120 I'm going to give you the opportunity.

00:07:27.980 She's in third place.

00:07:28.960 I'm going to give you the opportunity to back out of that bet right now.

00:07:32.800 Wow, really?

00:07:33.720 Yeah.

00:07:34.240 Wow.

00:07:34.800 Let me think about it.

00:07:36.060 No, no, no.

00:07:37.200 I will give you the opportunity to up it to $4,000 if you want to.

00:07:40.500 No, you know, I don't want to bankrupt you in case it happens.

00:07:44.520 Okay.

00:07:45.360 Thank you.

00:07:46.040 By the way, the other two people, RFK Jr. at 2% chance and Kamala Harris at 1%. 0.98

00:07:51.680 Isn't that amazing that Big Mike has a better chance than RFK Jr.?

00:07:57.760 It is interesting, Mike.

00:08:02.300 It's interesting.

00:08:02.980 It's interesting.

00:08:03.260 Okay, so what you're saying, Pat, is I got a chance.

00:08:09.720 Yeah, you got a chance.

00:08:10.540 There's a chance.

00:08:11.020 There's a chance.

00:08:12.120 Yep.

00:08:12.300 Yeah.

00:08:13.160 Still, your chance still hanging around.

00:08:15.300 Okay, so Republican VP nominee odds.

00:08:24.560 Republican nominee VP odds.

00:08:27.640 I can tell Stu loves that.

00:08:29.840 Stu.

00:08:30.280 I love it.

00:08:31.060 I love it.

00:08:32.100 Yeah, it's good.

00:08:33.340 I love it.

00:08:33.740 You just think it's so funny.

00:08:37.860 Tim Scott, number one, 18% chance.

00:08:43.280 Uh-huh.

00:08:43.780 Number two, J.D. Vance, 12%.

00:08:45.920 Marco Rubio, 10% in third place.

00:08:49.620 I think the main thing...

00:08:50.620 Does Big Mike place it all in...

00:08:52.160 I can't see.

00:08:54.940 Big Mike is not...

00:08:56.100 Yes, here he is.

00:08:56.820 Big Mike.

00:08:57.240 Mike Pence, less than 1%.

00:08:58.720 Oh, no.

00:09:00.420 Big Mike we were talking about.

00:09:01.940 You're right.

00:09:02.320 Mike Pompeo, 1% as well.

00:09:04.460 We were talking about the one like,

00:09:05.520 Barack knows.

00:09:07.480 We're going to have to change the way we talk to each other.

00:09:18.800 Oh, this is making my eyes bleed, but it's worth it.

00:09:21.640 Okay, I'm sorry.

00:09:36.340 We're taking you seriously, Stu.

00:09:38.160 No, it's fine with me.

00:09:39.900 I just don't know if you want me to go on, so I'm just going to...

00:09:42.360 Yes, please do.

00:09:43.000 Okay, okay.

00:09:43.560 What is it that you don't find hysterical?

00:09:45.960 And it's very funny. 0.99

00:09:49.360 Michelle Obama might be a transsexual. 1.00

00:09:52.080 Is that what you find? 0.67

00:09:53.600 No, I mean, I literally made a how's it hanging joke in the middle of all of that.

00:09:59.060 That's true.

00:09:59.380 You did.

00:09:59.960 Yeah, I just wasn't sure.

00:10:01.140 And we let it lay, so...

00:10:02.740 I know we do have commercials coming up, so I was just wondering, do we move on?

00:10:07.980 Do you want me to say more?

00:10:09.240 I'm fine with whatever option.

00:10:10.940 We can go any direction you like.

00:10:13.800 Oh, okay.

00:10:18.140 Well, let me tell you about our sponsor.

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00:10:23.440 If you're looking for pants, go to Big Mike.

00:10:25.660 Between you and me, how's your pain doing today?

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00:10:39.340 How are you feeling?

00:10:40.920 It's an important question because it lets you know that I, who also used to suffer from pain all the time,

00:10:47.380 I care about how you're feeling.

00:10:49.640 And so do the people in your life.

00:10:51.560 And you think that they can't understand it.

00:10:53.900 But I will tell you, many people can because they've gone through or are still going through it.

00:11:01.860 What are you going to do about the pain?

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00:11:41.960 There is somebody that I really respect that is doing something that absolutely has to happen.

00:11:59.360 You want to fix the country.

00:12:01.920 We must abolish the Federal Reserve right now.

00:12:06.340 And Representative Thomas Massey is on the phone with me now.

00:12:10.020 Hi, Thomas. How are you?

00:12:12.120 Hey, Glenn.

00:12:12.900 Thanks for covering this topic.

00:12:16.360 It really needs to happen.

00:12:18.100 We're done nibbling around the edges.

00:12:20.160 I've introduced a bill to audit the Fed for a decade, but we're past that.

00:12:24.460 We've got to end it.

00:12:25.980 Yeah.

00:12:26.300 So explain to people what the Fed is and what it has been doing lately.

00:12:33.380 It's our central bank, and it has nothing to do with the federal government.

00:12:38.620 It is a private corporation, correct?

00:12:41.740 Yeah.

00:12:42.280 Let me just explain what's happened under Jerome Powell.

00:12:45.720 And I hate to pick on him, but he's the Fed chairman right now.

00:12:49.760 And under him, we've seen 25% of the value of the dollar disappear.

00:12:55.160 Meanwhile, during COVID, the investment bankers and the Wall Street bankers had their best year ever in 2020, and we had 7% inflation during COVID, thanks to the Fed.

00:13:09.360 They are – and then let me just tell you about Jerome Powell's background because it's indicative of the kind of people that work there.

00:13:17.180 He started out as an attorney, and he got into investment banking, and then he went to Treasury, and then he left Treasury and went back into banking, and then investment banking, and then it was Barack Obama who put him on the federal board of governors, and then it was Trump who elevated him to chairman, and then it was Biden who re-nominated him.

00:13:40.320 This guy is the uniparty person who makes the investment bankers rich and everybody else poor in this country.

00:13:48.640 But it's also – people need to understand, the president can't just nominate anybody or appoint anybody.

00:13:56.540 The Federal Reserve – so all of the – what is it, seven or eight banks, the biggest banks, we are not even allowed to know who they are, which is incredibly un-American and leads to all kinds of corruption.

00:14:10.320 They get together, and they say to the president, here are a few names that we'll accept.

00:14:16.780 You pick from one of them, right?

00:14:19.660 Right, and then when – right, and then when that guy takes the job, who do you think he goes out to have dinner with every night?

00:14:26.160 I mean, there's this argument that we want our monetary policy to be independent of Congress or the executive branch, but it's a falsehood that it's independent right now.

00:14:36.040 It's not independent at all.

00:14:38.140 I mean, Jerome Powell lobbies Congress and the White House to engage in more fiscal stimulus.

00:14:45.360 So – and then they're working – I mean, when the Treasury gets their debt monetized by the Fed, do you think that's an independent thing?

00:14:52.900 No, that's the carefully orchestrated dance, and that's what they've done here recently.

00:14:56.760 There's three ways you can get money for the government to spend.

00:15:00.260 You can either tax the people and take the money back, or you can borrow the money, or you can just create it out of thin air.

00:15:07.400 And what they did during COVID is they created trillions of dollars out of thin air.

00:15:12.680 And this is – now, Congress is to blame as well.

00:15:15.300 Congress spent those trillions of dollars.

00:15:17.180 But it's the Fed that enables it, and it's the Fed that pulls it off.

00:15:22.660 And it's also the Fed – this is what kills me.

00:15:26.960 You know, they said that, you know, in 2008, these banks were too big to fail, and we have to stop that.

00:15:32.920 And everything Congress did made these banks stronger and bigger and hurt the small banks that are not part of the Federal Reserve system, so to speak.

00:15:44.760 They're not on – you know, they're not one of the owners of the Fed.

00:15:48.120 And it seems to me, Thomas, that every time something is done, the American people are the ones that lose, and the banks get the money, they get richer, and in the end, it's going to be those – however, what is it, five or six or eight banks that make up the Fed.

00:16:07.760 Do you know?

00:16:08.780 I don't know the number.

00:16:10.980 We don't even know the number.

00:16:12.160 Okay, so whatever the number is, those guys are going to be the ones that are currently holding our debt.

00:16:21.540 Now, as I understand it, whoever holds debt, you have to pay that debt.

00:16:29.080 And I have had bankers tell me, Glenn, we don't have to worry about the debt.

00:16:33.920 You know what our – do you know just what our national parks are worth?

00:16:38.500 And so we will pay whatever it is they want.

00:16:44.060 We'll have to give that to the banks, which will mean it's a transfer of wealth from the people to these big banks.

00:16:53.580 It's just obscene.

00:16:55.120 And they have no intention of selling the national parks, by the way.

00:17:00.220 They are just going to take it out of our hides.

00:17:02.940 That's what they're going to do.

00:17:04.520 And listen, to your first point there, the Fed acts like they're the firefighters, but they are the arsonists.

00:17:12.740 Yes, they are.

00:17:13.260 They kept rates low.

00:17:15.560 They had easy money for banks to get for so long that the banks – they just assumed it was always going to be that way.

00:17:24.600 You had a few that failed.

00:17:26.240 They came in and they – well, they failed because the Fed then came in with whiplash and raised rates quicker than they've ever raised them before.

00:17:34.300 And then the banks were kind of in this one model.

00:17:37.460 So then the Fed comes and does triage on them.

00:17:40.220 So the Fed starts out as the arsonist.

00:17:43.520 Then they come in and they do the firefighting by raising interest rates.

00:17:47.720 And then they go in and bail out the couple of banks last year.

00:17:51.840 So they're causing the problems that they come in and allegedly solve.

00:17:58.440 But I think we're almost to a point now where they're running out of levers or the rubber bands that attach their levers to our macro economy are stretched as far as they'll stretch.

00:18:09.200 Because right now they're not really in control of interest rates.

00:18:13.740 They might like to think they can lower the interest rate to stimulate the economy again.

00:18:19.640 But the problem is when they – recently, when they put treasuries out for auction, the sovereign funds, the other countries that oftentimes buy our debt, said, you know what?

00:18:30.960 At 4.5%, I don't think that's a good bargain.

00:18:33.880 I'm not going to buy those.

00:18:35.100 I need a higher interest rate.

00:18:36.540 Would you – honestly, if you had – you were in charge of a bank or you were making loans as a private individual and you had somebody who came in and ran their life the way our Congress runs our country,

00:18:53.620 what kind of interest rate would you demand from them that you would think it's worth taking the risk for that?

00:19:01.220 Yeah, I mean, it would be easy, easy in the double digits and most likely in the mid-double digits for me.

00:19:12.080 Yeah, and the other thing is then we try to inflate our debt down.

00:19:16.480 In other words, we devalue our currency so it changes the impact of, let's say, the nominal price of our debt in gold if you could find some outside reference.

00:19:26.340 So the Fed kind of – and the Treasury kind of likes inflation.

00:19:30.040 It kills the little guy.

00:19:32.160 The big guys don't care because, like we saw during COVID, they just reprice everything on Wall Street, and then the other assets, the Fed will prop up by buying them.

00:19:41.040 So they make sure that the rich people can survive through inflation, the poor people can't, or even the middle class can't because you don't have these sort of financial instruments that everybody else has that the Fed takes care of.

00:19:53.560 And so it's – and then the Fed is, when they cause inflation, they solve a little bit of the debt problem.

00:20:02.000 But the problem is we're getting to a point where it's not going to work anymore.

00:20:06.800 For a while, we had inflation that was greater than the interest rate we were paying on the debt.

00:20:11.900 So you can see, actually, if people will take your debt at those low interest rates and inflation is that high, you should probably take on more debt.

00:20:21.860 I mean, I hate to say it, but they're wising up in the rest of the world.

00:20:25.840 Now, here's something else that happens.

00:20:27.860 The U.S. dollar is the reserve currency.

00:20:30.860 I mean, we've mucked with it, but not so much that people don't want it yet.

00:20:35.700 Yet.

00:20:36.020 And when you want to – everybody likes to do their transactions in dollars.

00:20:43.960 But to do a transaction in dollars, you have to hold dollars.

00:20:48.480 So the whole world is holding dollars.

00:20:51.040 And so when we devalue the dollar, we're not just taxing our own people.

00:20:55.420 We're taxing the entire world.

00:20:57.160 We're kind of like the credit card gets 3% of all the transaction at the gas station.

00:21:01.900 We get that 3% if we create 3% more money every year, which we typically do.

00:21:07.580 But the rest of the world is getting tired of being used that way.

00:21:11.940 They're tired of our transaction fees, i.e., our inflation.

00:21:15.220 And when they start using alternate forms of money to do their transactions or holding different assets in their own sovereign wealth funds, then we're not going to be able to do that trick on anybody except for U.S. citizens.

00:21:32.820 And again, this is all coming to a head.

00:21:35.140 Thomas, I said this a while back, probably 15 years ago.

00:21:41.480 When this actually happens, we are going to be labeled – because no politician in any other country is going to take responsibility for their own fiscal madness.

00:21:52.680 Everybody's going to blame it on the United States because we were greedy, grotesque, and took on so much debt that we devalued the dollar, and it's going to affect the entire world.

00:22:05.980 And, you know, I relate it, and I know it's for different reasons in some way, but I look at the way Germany looked at France at the end of World War I and the beginning of World War II is, I think, the way the rest of the world is going to look at us.

00:22:24.080 We forced – we didn't – France forced Germany into just devastation where they had to inflate their dollar.

00:22:36.960 I mean, it was horrible.

00:22:39.040 The damage that we are going to do by destroying our dollar, I don't think we're going to be very popular in the world.

00:22:47.440 No, and then somebody says, okay, if you get – they've been asking me, what if you get rid of the Fed, what do you replace it with?

00:22:55.780 That's like saying, if you take out a tumor, what do you replace the tumor with?

00:23:01.760 Like, you would – and then the serious answer is we go back to stable currency that the government can't manipulate.

00:23:09.200 You would – I would prefer to have a gold standard, for instance.

00:23:12.180 Me too.

00:23:12.600 It's hard –

00:23:13.520 So I have been told – this is what a serious, serious banker at the Fed level has said to me.

00:23:20.460 Glenn, the reason why we had to get rid of the gold standard is, at first, it was because we wanted the Great Society and the Vietnam War.

00:23:30.120 Couldn't afford it.

00:23:30.920 But there's not enough gold to build and live at the level the world lives right now.

00:23:39.460 We had to play funny money, and everybody is in on it.

00:23:44.780 We can't go to a gold standard because there's just not enough gold.

00:23:48.680 Do you buy that?

00:23:50.920 Well, there's enough gold to do honest transactions.

00:23:56.000 But you're right.

00:23:56.780 There's not enough gold to do the funny money and to fund all of these wars, for instance, that we've engaged in.

00:24:02.480 And typically, when the government tries to leave some kind of standard that they've been on, it's because they have to finance a war.

00:24:10.660 And nobody wants to consume enough of the debt to finance the war, so they go off the standard.

00:24:17.600 But, yeah, you can't monetize your own debt.

00:24:20.440 Once you get into that model, you can't create the funny money.

00:24:24.340 It's real money.

00:24:25.300 It's hard money.

00:24:26.380 And that's what we should go back to, and we shouldn't replace the Fed with anything.

00:24:30.640 It's Keynesian economics, the whole premise.

00:24:33.280 I know a lot of Republicans may disagree with me.

00:24:36.340 They may think that we need a Federal Reserve Bank and that we need to control inflation.

00:24:41.620 But that's the whole notion of Keynesian economics, that you could create prosperity by tweaking the interest rates and the money supply,

00:24:51.840 and that the free market doesn't have enough signals and feedback, doesn't react quickly enough,

00:24:58.140 that you could have some experts in an ivory tower that need to be turning knobs to make our lives better.

00:25:04.740 But the reality is the people in the ivory tower, they're investment bankers.

00:25:08.660 They came from investment banking.

00:25:10.200 They're going back to investment banking.

00:25:12.340 They've still got ties to it.

00:25:13.820 And they're tweaking the knobs to help their bodies and to keep this music going until the music stops, which is infinite spending.

00:25:21.820 You have introduced H.R. 24 as well, which is the Federal Reserve Transparency Act to audit the Federal Reserve and the act to abolish it.

00:25:35.260 You've got a lot of co-sponsors.

00:25:37.220 Any chance this even gets past our own House speaker?

00:25:41.160 Well, probably not this speaker.

00:25:46.460 Look, we got, not under this speaker, but under previous speakers, we have passed audit the Fed in the House.

00:25:53.120 They've never brought it up in the Senate or not passed it in the Senate.

00:25:56.400 You've got people like Bernie Sanders who sponsored audit the Fed when he was in the House,

00:26:01.420 and then he gets to the Senate and he won't even sponsor it.

00:26:04.860 But we've got to end it.

00:26:06.460 So we've got enough co-sponsors and enough votes to pass audit the Fed.

00:26:11.640 It hasn't happened this Congress.

00:26:13.220 It should happen this Congress.

00:26:15.140 But, by the way, if it were really part of the government, you could do a FOIA on it, right?

00:26:20.160 Yes.

00:26:20.540 Try FOIAing the Federal Reserve.

00:26:22.440 It's going to work for you.

00:26:23.720 Can't.

00:26:24.720 Thomas, quickly, how can people help?

00:26:28.280 Okay, the H.R. number is 8421 for ending the Federal Reserve.

00:26:35.520 We have 22 co-sponsors right now.

00:26:37.800 We need more co-sponsors.

00:26:39.240 Ask your congressman to co-sponsor in the Fed, H.R. 8421.

00:26:44.600 Thomas, thank you very much.

00:26:47.820 This is the best of the Glenn Beck Program.

00:26:50.260 All right, let's get an update here on what just happened in the Cohen and Donald Trump trial.

00:27:02.360 Cohen is still on the stand.

00:27:05.180 Oh, my gosh.

00:27:06.340 It's got to be the longest days of his life.

00:27:09.240 He is being cross-examined.

00:27:11.060 Remember, he's the key witness in this Donald Trump trial with Stormy Daniels.

00:27:17.260 Yeah, he's really—without Cohen, there isn't even a case to be brought.

00:27:21.660 You have to believe Cohen because much of the evidence that you would need to make Donald Trump into the bad guy here

00:27:27.540 is specifically based on things that Cohen has said or done and has sole knowledge of.

00:27:34.600 He's the only person saying it.

00:27:36.000 So you have to trust Cohen.

00:27:37.180 Yeah, it all went through him.

00:27:39.620 He's the guy who, if he's—if he dropped dead, hit by a bus, the whole thing would be gone.

00:27:48.180 And, you know, just to remind listeners, the Michael Cohen situation is not a good one.

00:27:55.960 It was never a good one even when Trump was there.

00:27:57.540 I believe he won our least reliable human being on Earth competition for five straight years.

00:28:03.080 He did.

00:28:03.100 He is not reliable and was not reliable back then, is not reliable now.

00:28:08.040 The media has just decided to try to rehabilitate him because they need him for this case.

00:28:12.800 So Todd Blanche, the attorney for Trump, is questioning and going after Michael Cohen

00:28:19.940 to try to make him look as credible as he actually is, which is not at all.

00:28:23.660 And he went to him and talked to him about a specific transaction with a company called Redfinch.

00:28:30.300 Redfinch was an IT kind of company that Michael Cohen was dealing with.

00:28:35.920 And what they were doing with this company at the time is somewhat embarrassing, I suppose.

00:28:40.420 They were trying to get—they were trying to rig online polls in Trump's favor.

00:28:45.880 So if you remember about the time these polls would come out,

00:28:49.880 who do you think should win the Republican nomination?

00:28:52.400 This is in the 2016 election.

00:28:54.920 And Trump would win overwhelmingly.

00:28:56.660 Even when he wasn't winning in the normal polls, he would win overwhelmingly on every online poll.

00:29:00.860 Right.

00:29:01.100 Good part of— 0.91

00:29:01.720 And this is why we've always said online polls are ridiculous. 0.99

00:29:04.560 They're useless. 0.98

00:29:05.460 Because everybody rigs it. 0.99

00:29:07.720 Everybody.

00:29:08.560 Yeah.

00:29:09.240 Although not—

00:29:10.400 No, no, no.

00:29:10.760 This is a—

00:29:11.040 To some degree, people will be like, I'm going to vote and, hey, vote on this, vote on this,

00:29:15.980 vote a million times, whatever it is.

00:29:17.920 Right.

00:29:18.240 And this is apparently a professional effort to do that.

00:29:21.740 And they were going to pay—they were owed $50,000 for their efforts in this front.

00:29:27.260 Now, Cohen apparently—and this all happened on the stand.

00:29:32.040 Cohen was supposed to pay $50,000 to this company, but ended up only paying them $20,000.

00:29:41.260 He still, however, asked for a $50,000 reimbursement from the Trump organization.

00:29:47.100 Uh, Blanche, the attorney, asked Cohen, hey, did you lie about this?

00:29:53.800 Cohen, on the stand, says yes, admits that yes, he did lie about this.

00:29:58.000 Wait, wait, wait, wait, wait, wait, wait, wait.

00:29:59.260 So, he just admitted—I just want to make sure everybody understands—he just admitted

00:30:04.520 to cheating a company out of $30,000, asking his own company or his own firm, Donald Trump's

00:30:14.120 firm, to pay the $50,000 to him, which he was supposed to pay.

00:30:19.420 He only pays $20,000.

00:30:21.600 And what does he do with the other $30,000?

00:30:24.400 I mean, he pockets it.

00:30:26.900 It's interesting, the reporting on it, it's a little hard to tell whether he actually said

00:30:30.840 this or whether he just sort of agreed to it, but he was—Blanche, the attorney, brought

00:30:37.400 up the possibility of him having the money in either a duffel bag or a brown paper bag.

00:30:45.520 That's where I like to keep my money.

00:30:46.880 It's safe that way.

00:30:47.900 It's the Fannie Willis banking system.

00:30:50.740 Yeah.

00:30:50.940 That's the way that works.

00:30:55.060 So, he goes to this and he says, okay, you had this duffel bag of cash.

00:31:00.020 Where was the cash?

00:31:01.080 He goes after him on this.

00:31:02.960 He then tries to really focus this, because what you said is true.

00:31:06.160 Of course, if you are an employee of a company or you're working with a company and you charge

00:31:11.360 someone $50,000 and then pocket $30,000, that's what we would all recognize as theft, right?

00:31:18.020 Yeah, embezzlement or theft.

00:31:19.680 Yeah.

00:31:19.820 You're just stealing money from the company that gave you the $50,000.

00:31:24.560 Wait a minute.

00:31:25.100 I just want to make sure.

00:31:27.320 Stu, Sarah, you both understand that concept, right?

00:31:33.240 That's theft.

00:31:35.080 I'm not sure what he's saying, Sarah.

00:31:36.660 Can you?

00:31:40.660 Okay, go ahead.

00:31:41.800 So, the Trump attorney says, and tries to get this down and get everyone to understand this,

00:31:48.180 because in case people don't understand, this is stealing.

00:31:51.100 He says, quote, you stole from the Trump organization, right?

00:31:55.640 He, by the way, was, Cohen was reimbursed for about $100,000 in these expenses, because

00:32:03.760 he was always getting double the expenses for taxes.

00:32:06.740 So, about $100,000 in all.

00:32:08.320 Wait, wait, wait, wait, wait, wait.

00:32:10.840 Like, what do you mean he was getting double for taxes?

00:32:13.700 So, he was getting, like, if he took $50,000 to do one of these shady dealings, like he

00:32:19.240 did with Stormy Daniels.

00:32:20.380 Okay, all right.

00:32:21.000 He had to pay the taxes on it.

00:32:22.300 Yeah, the Trump organization would pay him basically double, so that Cohen wouldn't

00:32:25.980 get stuck with the tax bill.

00:32:27.760 So, Cohen would pay the taxes as if it was income, and then he would still be left over

00:32:33.740 with the same amount he paid to Stormy Daniels, or in this case, this IT organization.

00:32:40.100 So, the quote is, you stole from the Trump organization, right?

00:32:43.820 From the attorney.

00:32:44.920 Cohen admits, yes, sir.

00:32:47.340 He says, on the stand.

00:32:48.940 Now, even the New York Times writes this up this way.

00:32:52.740 There is another, this is another big ding to Cohen's credibility.

00:32:56.720 Ding?

00:32:57.100 Yes.

00:32:57.860 Jurors have heard that he has lied to Congress, tax authorities, and on the witness stand,

00:33:03.360 and now they are hearing that he stole from the Trump organization.

00:33:07.660 Now, I've had dings in my car.

00:33:09.860 Yes.

00:33:10.100 Um, I would say this was a massive wreckage where the car would be totaled.

00:33:17.260 I'd argue they totaled the car on this one.

00:33:18.860 Yes.

00:33:19.060 I don't, I mean, I don't know how you could possibly believe this guy anyway.

00:33:22.840 You know, some of the stuff, like if he, if there are text messages or other people supporting

00:33:27.260 it, maybe you could say, all right, well, he's telling the story.

00:33:31.880 There are a few other pieces of evidence that agree with it.

00:33:34.020 And that has happened on some points in, during this case, but generally speaking, they are

00:33:40.360 relying almost solely on Michael Cohen to be the voice of credibility.

00:33:45.140 And now we know that not only has he lied to everyone else in his life, by the way, including

00:33:49.240 his wife, we didn't even include that in the list, who he lied to when he took out all

00:33:53.760 of this money on a second mortgage and tried to hide it from her by his own admission.

00:33:58.400 He's admitted to lying to all of these people.

00:34:00.880 Basically, you're supposed to believe that he is taken every moment of his entire life

00:34:07.120 and filled it with lies with every person he's ever dealt with, except this one moment

00:34:13.040 where he's sitting in front of you on the witness stand.

00:34:15.340 Okay.

00:34:15.820 So hear me out on this theory.

00:34:18.660 OJ Simpson.

00:34:21.100 I think this is a, this is a political version of what happened to OJ Simpson.

00:34:29.020 And I hope it doesn't turn that way, you know, in the end, but if they find him guilty, it

00:34:36.780 will be exactly what happened with the OJ Simpson case, except this is political, not racial.

00:34:43.760 The jury hates him, Donald Trump, so much that no matter what the facts say, they'll deem

00:34:52.600 him guilty where OJ Simpson, the jurors wanted a black man to beat the system, beat the man 0.68

00:35:02.280 so badly that they admit it.

00:35:05.320 Now they voted for, uh, not guilty, even though they believe the facts led to guilty.

00:35:14.040 I hope that doesn't happen, but that's what this feels like to me because it's in New York,

00:35:22.220 any other place, but in New York, it, can you get with this judge, can you get a trial

00:35:29.840 that, uh, with jurors enough jurors to tell the truth?

00:35:36.420 And by the way, just like, do you remember, were you old enough to remember the OJ Simpson trial?

00:35:43.160 Oh yeah, I certainly do, yeah.

00:35:44.760 So, um, OJ Simpson, if you remember right, there was speculation, can the trial, uh, the,

00:35:52.500 can the jurors ever identify themselves if they find him guilty because the black community

00:36:02.280 was so for OJ Simpson, and I would ask the same thing, can these jurors, all from New

00:36:11.520 York City, can they live a normal life and not, and live without danger if they release

00:36:21.220 him?

00:36:23.600 Because certainly not going to get invited to many parties.

00:36:26.760 No.

00:36:27.060 I'll tell you that.

00:36:27.840 No.

00:36:28.220 I mean, what are all of the other factors that are coming into this?

00:36:31.580 Yeah.

00:36:32.080 This is tough.

00:36:32.980 You do, isn't there a moment here for you, Glenn, where you think a little bit about

00:36:37.660 just the legal system and the fact that it's supposed to work and that we have a tradition

00:36:42.140 of people judging these things honestly, isn't there at least a possibility that, of a hung

00:36:49.400 jury, isn't there one or two people on this jury maybe that look at this and take this

00:36:52.960 as a joke?

00:36:54.000 There only needs one.

00:36:55.060 Yeah.

00:36:55.620 Do you think?

00:36:56.020 And it is my hope that there is one that will hold out and say, no way.

00:37:02.920 No way.

00:37:03.660 I'm not changing my vote.

00:37:05.380 No.

00:37:06.620 I don't care about what you guys say.

00:37:09.660 No.

00:37:11.900 Hopefully, we can pray that there is one person.

00:37:14.980 I mean, assuming we're not in the jury room, but what it looks like here, this is an assault

00:37:25.260 on our judicial system, just like I think OJ Simpson was an assault on the judicial system. 0.96

00:37:33.640 I understood that one a little more because the black man had been, you know, just raped

00:37:41.100 in our judicial system for so long that I kind of, it was still a travesty and awful and 0.96

00:37:49.420 I hated it, but you could see it.

00:37:52.280 This one is merely politics.

00:37:55.320 That's it.

00:37:56.300 Yeah.

00:37:56.880 Politics.

00:37:57.840 This is, they see this as their last opportunity to win this election in a way.

00:38:01.660 Yes.

00:38:01.900 And the other three trials are probably going to happen before the election.

00:38:07.160 Obviously, if Trump wins, he'll throw out two of them, right?

00:38:11.360 The federal stuff will all be thrown out.

00:38:14.480 This is a, this feels like their last chance and they're looking at this as an opportunity.

00:38:19.640 And like, you know, coming into this case, Glenn, it was a weak case.

00:38:23.400 Everyone knew that.

00:38:24.140 But the fact that it has gone so much more poorly than they even expected has to rise

00:38:31.220 to some level of, of, of opportunity for this to be shot down.

00:38:36.960 Right.

00:38:37.180 I mean, it doesn't it, man, it's just, it's, if you have any faith in the legal system and

00:38:41.800 look, people, criminals do go to jail in New York, right?

00:38:44.680 Like this is not, it's not like every single time they're wrong.

00:38:47.540 I mean, you know, they, yeah, I, and I think that's true.

00:38:50.980 I'm pretty sure.

00:38:51.780 I mean, sure.

00:38:52.180 Harvey Weinstein's out probably walking around, right?

00:38:54.000 Forget that.

00:38:54.740 Forget that example.

00:38:56.000 The plants of New York all over just like, keep Harvey away from me.

00:39:02.880 Right.

00:39:02.980 I mean, they don't charge anybody in New York for crimes anymore unless your last name is

00:39:07.000 Trump.

00:39:07.380 But I mean, over, you know, if you think about the average person in, in New York, again,

00:39:12.380 remember the Trump attorneys had a chance to throw out anyone they thought was massively

00:39:18.120 on massively liberal and against Trump to an extent, they did their best to find people

00:39:23.940 they thought they would be treated fairly by.

00:39:25.960 I mean, if we are really at the point where they can't find anyone to judge this rationally,

00:39:33.600 we are at a real crossroads as far as our legal system goes entirely.

00:39:38.160 Right.

00:39:38.580 I mean, this is not just a question about Donald Trump in this election.

00:39:41.140 It's far beyond that.

00:39:42.260 This is Alan Dershowitz has said it.

00:39:44.480 This is banana Republic time.

The Glenn Beck Program - May 20, 2024

Best of the Program ｜ Guest： Rep. Thomas Massie ｜ 5⧸20⧸24

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