00:16:52.740So he's maybe in the spin zone where he's like, you know, but Vlad, listen, we can keep sending you to those bullets because our growth, our growth is like crazy right now.
00:17:07.260Crazy high, zero point something numbers.
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00:24:58.840And I think that is partly because of us having raised rates quite a bit.
00:25:03.920But this is what it takes to get inflation down.
00:25:07.460To get inflation off of the high – we've had inflation at the highest level in 40 years.
00:25:13.480To get inflation to come down, what we need is a period of slower growth so that the economy can cool off, so the labor market can cool off, so that wages can cool off.
00:25:24.260And so, that's how inflation comes down.
00:25:26.080That's the only way we know to bring inflation down.
00:25:36.020So, first of all, let me ask you something.
00:25:40.900How are these guys – I mean, what is Vladimir, you know, the fake Vladimir saying to get into these conversations?
00:25:50.560And to have – he's just calling the central banks and like, listen, it's Vladimir, I want to know – like, tell me stuff that you will not tell your own people.
00:26:01.120Yes, I'm just calling for confidential information that you want to keep on the QT as we set up a new world government.
00:26:09.260What is – how – what is he asking?
00:26:14.100What are they expecting to get on the phone?
00:26:16.060So, yes, I just – central bank, I just want to know – I know you're not my central bank.
00:26:23.060I have nothing to do with you, but I want to know, what is your plan?
00:26:31.020What are they saying to get on the phone with these people?
00:27:41.320I'm sitting there not having a Bud Light at the end of the bar, and this hoity-toity guy comes to me, and he says, well, we've got to slow growth.
00:27:51.580We've got to slow down labor and wages.
00:27:54.660Now, I think what he's saying here in bar talk is he's going to throw a wrench into our economy, and then he's going to get a bunch of us fired, and then the rest of us are going to have sucky wages, because that's the only way out.
00:28:23.420You could tell people to get their ass off the couch and go back to work, because this sugar daddy teat off of Uncle Sam ain't giving you any more milk.
00:28:42.860We could have a return of labor, which, if labor returns, and we don't have to pay in blood for all that labor, maybe, maybe we could make more products.
00:29:00.540Then we could also just shut the printing press off for the United States government.
00:29:05.440Now, he's saying the only way, the only thing we can do is screw the American people.
00:29:25.800And besides, we're all in it, because remember, I'm the head of the Federal Reserve Bank, a wholly owned private company made up of, well, dare I say it, banks like JPMorgan Chase.
00:29:48.680Am I, I mean, it's like I'm standing in a, I feel like I'm standing in a crowd and everybody is going, wow, this is fantastic.
00:29:55.780And I'm like, wait, no, but he's, no, he's saying he's going to put you out of business and he's going to hurt your, I know, but he's really got it under control.
00:30:05.520No, he's the guy who caused all of these problems.
00:30:24.220I just feel like I'm standing in a crowd going, would somebody wake up?
00:30:28.920And you're not even seemingly that worried of the fact that a fake Vladimir Zelensky can get on the phone with Jerome Powell on a video call somehow with AI, which is right around the corner where we are now, you know, we talked to a woman who had not a famous person like Vladimir Zelensky, but her daughter, her daughter, who had like five sentences spoken on the Internet, converted into a hostage tape.
00:30:54.360Uh, we're on the, we're on the corner of basically any voice being on the phone and you're not going to know if it's the, if it's real or not.
00:31:02.540And we're going, this is, this is what we're dealing with.
00:31:05.680The, the, the, not even our federal government can, can, can sift through this.
00:31:10.020What happens, Glenn, when someone makes a legitimate, seemingly sounding credible threat of nuclear attack?
00:32:44.260I'm, I mean, I'm here to, uh, point out the guy's a stinking liar.
00:32:50.120And now that a fake Vladimir Zelensky, uh, bot, talked to him on the phone, we now have the evidence, you know, instead of it a conspiracy theory, we now know.
00:33:02.500Well, unless it was the real Vladimir Zelensky and Jerome Powell was the AI.
00:52:57.500He is a woman of color that is also a lesbian.
00:53:02.140Can I have a moment that you've had many times on the air, which it goes back to the Monica Lewinsky days when you said we were having the argument with the left and they were saying, oh, he didn't do that with Monica Lewinsky.
00:53:16.160And we're saying, well, I think he did.
01:02:21.400Now, we're leaving something out of that.
01:02:29.640I would like to know, and I would help you set this up.
01:02:35.860I would like to know if there's somebody who's having this problem in school and they want to go to a school board meeting surrounded by really extremely hot Playboy bunnies and demand equal time so your kids can also enjoy a nice striptease from beautiful hot women.
01:04:53.920There is something you can do to fight it.
01:04:56.320Seventy percent of the people who try it go on to order more.
01:04:59.900So when 100% of this audience tries this and 30% write to me and go, stuff sucks, it didn't work, and the rest of you all say, it worked for me, we can move on with our lives.
01:05:57.940The owner of a Bloomington, Indiana dive bar who voiced support for Bud Light and threatened to remove customers for speaking out against Bud Light.
01:06:12.340Bud Light is now on Facebook saying, we appreciate your support because I kicked all these hateful bigots out.
01:06:21.720And if you want to stop by and have a beer, please do.
01:06:25.760Because he's kind of following in the footsteps of Bud Light.
01:06:33.580And, yeah, he's lost his patrons because he said they spewed bigotry and hatred regarding Bud Light's advertising partnership with Dylan Mulvaney.
01:06:45.280And, you know, so the bar is still celebrating the 365 days of girlhood of Dylan Mulvaney.
01:07:13.860Now, I saw this story today from the Washington Examiner.
01:07:17.660Anheuser-Busch employs ex-GOP aides for damage control, and they've hired Sean McClain, and that's what, you know, a legislative director for Senator Ted Cruz, and then another person that was also with Kelly Ayotte from New Hampshire.
01:07:45.400She's also a Republican, and they're working now for Bud Light, trying to, you know, get things back.
01:07:52.720Bud Light, may I just say, I didn't really have to even go into this story at all.
01:07:58.780When I saw that you hired two ex-GOP aides for damage control, I thought, boy, you still don't get it.
01:10:18.700So, uh, shareholders have requested that Coca-Cola's board of directors issue a public report prior to the December 31st, 2023,
01:10:31.440admitting confidential information and, uh, at a reasonable expense, detailing any known and potential risk or cost to the company caused by enacted or proposed state policies,
01:10:45.580severely restricting reproductive rights, and detailing any strategies beyond, uh, litigation and legal compliance that the company may deploy to minimize or mitigate these risks.
01:12:06.280And what's, what are you trying to accomplish when you look at it, at these companies, right?
01:12:10.460So we did a show, uh, last night on Studos America, by the way, if you're looking for a show at 8 p.m. Eastern, just because maybe one of your favorite shows just got canceled.
01:22:29.680Well, we've already stepped in, Glenn, and the government has shown it has – giving full confidence to the markets, which is why, of course, these stocks are all down and stopping trading multiple times in a day.
01:22:40.520Yeah, because, I mean, we have full confidence in the federal government.
01:22:46.500So I am anxious to see which secret Fed bank – you know, a bank that we're not supposed to know belongs to the Fed – which one's going to get PacWest and which one will get Western Alliance.
01:23:00.620Will it be J.P. Morgan Chase again or Citicorp or Bank of America or maybe Wells Fargo?
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01:29:37.480I mean, everything's about politics, but a lot of it is about race.
01:29:41.920And we need people in medicine to stand up and say, I'm an oncologist.
01:29:47.740I have devoted my life to trying to cure cancer.
01:29:51.100I am not going to accept the charge that is coming out of the federal government, out of the National Institutes of Health, out of the National Cancer Institute, that medicine is racist.
01:30:02.780I am not going to accept the charge that's coming out of our scientific journals that says that science is racist.
01:30:11.160If people started saying that and refusing to put their heads down and go along with the elites and defend meritocratic standards that are colorblind, objective and constitutional, the whole thing would collapse.
01:30:28.720I will tell you, especially when it comes to medicine, the fact that if you are underprivileged or intersected in any way, shape or form,
01:30:42.640you get into medical school much faster than somebody who just happens to be really, really smart and gifted, wants to be a doctor, but they have no intersections on them.
01:30:55.780Then the good ones are being kept out are just for our our new balancing act that we're doing.
01:31:06.980We are going to really suffer a consequence because the best doctors are not going to be the best doctors because they weren't they weren't allowed in.
01:31:18.400Black and Hispanic seniors are being accepted to medical schools with scores on the medical school admission test and GPAs that would be automatically disqualifying if presented by whites and Asians.
01:31:33.040That's based on the phony charge that those medical school admissions tests are racist.
01:31:37.820They are not. There are schools that are waiving them entirely for black students.
01:31:42.640And when students are admitted with lower qualifications than their peers, they understandably and predictably struggle.
01:31:51.100It's in a sense, it's not their fault.
01:31:52.900It's the fault of the admissions officers that are subjecting the so-called beneficiaries of racial preferences to an absolutely unfair handicap.
01:32:01.960But they struggle. And guess what? The next step has been get rid of further standards.
01:32:06.900So we have now dismantled the step one of the medical licensing exam, which comes after the second year of medical school to test students' basic knowledge of anatomy, physiology, drug interactions.
01:32:21.760Blacks weren't doing very well on that exam.
01:32:26.680We changed it from a graded system to a pass fail system to cover up the fact that blacks are not learning as much.
01:32:35.020So they get passed along, and then the pressure is on medical school hiring committees to hire on the basis of race, not merit, put people on hospital staff on the basis of race, not merit.
01:32:46.540The American Medical Association, the American Association of Medical Colleges is all behind this.
01:32:53.580You read their documents, and it's like reading something out of a black studies class.
01:32:59.120I have doctors on a daily basis sending me pronouncements from their associations of hematology or oncology or neurology, people trying to cure Alzheimer's disease, that are saying everything from now on has to be about anti-racism.
01:33:16.720This is a lie, Glenn, and the scab thing is that people are still terrified.
01:33:24.440They're terrified of losing their jobs if they stand up to this narrative, but that is what it's going to have to take.
01:33:35.120We have to take it back ourselves and start telling the truth that though this country had a deplorable, heartbreaking history of gratuitous cruelty towards blacks that I think actually the conservative narrative about America does not sufficiently account for, we are not that country today.
01:33:57.460The reality is frankly black privilege, not white privilege, I don't know a single high school senior who is black who is putting down his race as white, thinking that that will improve his chances for admissions, but I know a lot of white males who are wondering if they can get away with putting down their race as black because they know perfectly well that that will give them an enormous, enormous admissions boost.
01:34:24.900These are not the ways of a white supremacist country.
01:34:31.480Heather, these organizations keep coming up with the same point, which is of course we want the best doctors, we want the best people here, but we also want a diverse staff, we want to make sure we're hitting those diversity goals as well.
01:34:49.480Unfortunately, and Glenn, this is a difficult thing to talk about.
01:34:53.280It violates racial etiquette, people don't want to hear it, it makes them uncomfortable, but given the size of the academic skills gap right now, and let me give you some data, blacks are, if you look at 12th graders, black students, 66% of 12th grade black students do not possess even partial mastery of 12th grade math skills.
01:35:16.220That means doing arithmetic, 66% are below basic, the number who are actually advanced in math is too small to show up statistically on a nationwide basis.
01:35:30.720This means it is mathematically impossible to have proportional representation in our meritocratic STEM organizations.
01:35:38.980You can have diversity or you can have meritocracy, you cannot have both.
01:35:44.680Diversity, here's a translation key for your listeners, Glenn, diversity is simply code word for racial preferences.
01:35:54.200When any institution is saying we're doing diversity, it means we have double standards, we're lowering our standards in order to create diversity,
01:36:02.540because right now you cannot have both diversity and meritocracy, and we have to start standing up for meritocracy and say we'll solve those skills gaps,
01:36:13.300but the way to solve them is not to tear down our standards.
01:36:17.720So usually, I mean, I would hate to be a Christian missionary in the good days, and my zone is, you know, the Wall Street area,
01:36:33.800because nobody successful, nobody, you know, at the top of their game is miserable enough to question, what am I doing wrong?
01:36:42.540Right now, the American people are not deeply questioning, but when medicine, for instance, starts to go down,
01:36:52.640and you have, you know, bad service, we become more like Venezuela or Cuba, then we'll ask, but it will be too late then.
01:37:03.280How do we get people to understand today what's coming our way?
01:37:08.440Well, they've got to get the facts about what's going on.