RADIO

Biden may use GAS PRICES to expand his powers MASSIVELY

President Biden demanded this week that gas stations lower their prices immediately: ‘Bring down the price you’re charging at the pump to reflect the cost you’re paying for the product,’ he told station owners. But unfortunately it seems Joe may have missed an important economics lessons during his road to the White House, because that is NOT how business works, Glenn explains. The President also urged Congress to approve a gas tax ‘holiday' AND Energy Secretary Jennifer Granholm referred to the Defense Production Act as a presidential “tool” Biden may use in the future. Glenn explains what this means and how the DPA could be used to MASSIVELY expand presidential powers — far beyond what the Constitution allows…

Transcript

Below is a rush transcript that may contain errors

GLENN: Yesterday, the Dow plunged 400 more points. The Wall Street banks, yesterday, began to warn of significant downturn and -- and increased recession odds. The White House is still denying that there's any chance at all, of any kind of recession. We're in a transition period. And that's what's so exciting. According to the White House, there's no recession coming. We're just in a transition. And I think that's right. We're -- you know, in a transition from a free market, into some sort of totalitarian state. Where the -- where the administrator, Joe Biden, just keeps wanting to, you know, take things over. Don't know if you saw this, but he demanded yesterday, that gas stations lower their prices. He said, do it now. Do it today. Bring down the price you're charging at the pump to reflect the cost you are paying for the product. Joe, that's not how businesses work. Okay? They can't keep their doors open, if they're only charging what they paid for it. Because they also need to charge for the lights and the building. And all of the supplies. And the people working there at the gas station. They have to have a profit margin, but you have only been in the private sector, your whole life. So you don't understand that. He said, I want the Congress, and the states, and the industry, to do their part. Because I'm doing any part. Now, that's fantastic.

But not as fantastic, as what grand home said later. So they're asking for a tax holiday. Which is ridiculous. Ridiculous. First, we, you know, practically emptied out our strategic reserves. Now they want a -- a tax holiday, on gas tax.

But they're not going to find and cut anything in the federal deficit. And the federal budget. So they got to keep paying for all of these equitable roadways and everything else. So they're just going to find that money. Well, they're going to find it at the fed. And the fed can't sell our Treasuries to anybody. So the fed will just print more money, put it on our bill. And then give it to the United States. So you'll have more money for gas, which is a good thing. But done exactly the wrong way. So now he's talking about a gas tax holiday.

Which, again, would be good for the average person for a while. However, Grandholm came out yesterday, and said, if these companies don't lower the gas price, the president will use every tool he has, including the Defense Production Act.

So this would be the, what? The third time, Stu, that they've invoked the Defense Production Act, something that hasn't been used since the war in Korea.

This is a wartime act. And if you think that they won't declare a national emergency, mark my words. When this happens. Run for the hills. They are going to declare a national emergency on climate change. Which is the worst. Then they'll issue it, and maybe climate change will -- will include the gas prices. Otherwise, they'll do an energy national emergency. They'll do a food national emergency. Which means the president will have total powers to be able to gobble up the free market. And if you don't -- I mean, this is fascism. What he was talking about yesterday, is fascism. Now, can I ask another question?

There's so much to pay attention to. I -- I'm sorry. We can barely keep up. I can't imagine what it's like with you and the family and kids and school. And everything else that's going on. Matt Gaetz said, Saturday, the firearms policy under Biden. He is using every tool he can.

There is a -- a problem that the IRS, from March 1st, to June 1st. A three-month span. The IRS bought 700,000 dollars' worth of ammunition.

Now, why does the IRS need 700,000 dollars' worth of ammunition? There's only two answers. Now, this is on top of the, what? 1.8 billion, that the Department of Homeland Security spent on it.

There's several agencies, that are buying up ammunition now. There's two explanations. One is more nefarious than the other.

Well, yes. One is more nefarious than the other. One is they just have plans of arming everybody and every agency. And you will do exactly what they say, or they'll shoot. That's the most nefarious. The second is probably the most likely. Although, I wouldn't lay any of my money down on it. It's probably more risky than the stock market. The more likely of the two, I think. Is that this is just another way, to stop guns from being on the streets. They're going to use every lever they can. If the United States government is buying up all the ammunition, that only drives the cost of ammunition up. And only depletes the market of ammunition. So in effect, they stop you from being able to have any kind of ammunition. Remember, we told you, on Monday of this week, what was happening with Winchester. Winchester makes most of our 223 and 556, for the military.

They have a military contract. In it, Winchester can sell about 30 percent of their stock, to the open market. And that provides the United States. The average consumer, with about 40 to 50 percent. Of all 556 and 223. The federal government was pressuring Winchester to stop selling it to the open market. That would be really bad for national defense. But beyond that. It's just another sign that they're doing everything, they possibly can, to stop guns. To infringe on your second rights. These are the kinds of things, I think, that might be caught up in a Supreme Court case. Regarding the EPA. Maybe.

Maybe. But we'll see. This is -- you have to understand. Boy, if you didn't read Philip Dru, Administrator. Get it. It's a free Google book. Because no one in their right mind would ever pay for it. It is absolutely the worst book, I think I've ever read. It's just poorly written. But it was done by. I think it was written by Colonel House. He was the guy that was the main adviser, and best friend to Woodrow Wilson. Wilson has said to have read it three times, during his administration. He just loved it so much. It's so great. I think he said that because he wanted more and more people to read it. You should read it. Because it is exactly what Biden is trying to do right now. And I don't think I've ever gone into great detail. It's about the country, as in chaos. The countries having all kinds of problems. And all of these people just love this hero of Philip Dru. He's a war hero, and he's great, and everybody loves him. And he's super, super honest. All he does. He loves the country so much. And everybody knows, he's not going to do anything to hurt the country. Because he's your average Joe.

So he becomes president. But he doesn't want to be called president. He just wants to be an administrator. Because he's not -- he's not qualified to be president. He just -- he's an administrator. And he can just use all of the administrative tools of the presidency, to get the experts in, who know more than he does. Know more than the average person.

And he's going to let science settle everything. And so he gets into office. He begins to do exactly what Joe Biden is doing now. And then he starts telling the country -- the companies in the country, exactly what they can and cannot do. Exactly how they're going to do -- but based on experts. I mean, he's not an expert. So he just listens to the expert. And then when the experts speak. He tells the people, the news. And the people rejoice. Because it's so wonderful having an expert administrate everything in American life.

It goes on by a third -- by two-thirds of the way in. Philip drew is going. He's already abolished Congress. And he has rewritten the American Constitution. Based on what the experts say. And then on top of that, he does something else special. He goes state to state. And abolishes their state administrations as well. Philip Dru: Administrator you can get it free on Google Books. And it is a must-read if you want to understand where this administration is going.

RADIO

Glenn reads leftists’ CLUELESS reactions to SCOTUS decision

The far-left proved once again it’s members care very little about ‘peace.’ In fact, some reactions from leftist, blue checkmarks on Twitter show just how ANGRY they can be…especially when it comes to the Supreme Court preserving the Constitution and returning rights to the STATES. Glenn reads several of their reactions to SCOTUS' recent decision that further protects the Second Amendment...

Transcript

Below is a rush transcript that may contain errors

GLENN: Boy, I just wanted to go through some of the blue checkmark responses from yesterday. Because, gee. I just -- I just don't -- I just don't know what else to say. They were so right on target. Now, that's -- that's a joke. I didn't mean it. I didn't mean it actually target. You know, like Sarah Palin actually meant it. Alicia Sultan. Or Ashia, or whatever her name is. She says, God forbid. Listen, you're listening right now to a guy who is in the Radio Hall of Fame. I am so good at what I do. I don't even need to know how to pronounce names. I don't have to. They were like, this guy is like a radio god.

Yeah, but have you heard him?
Yeah, put him in the Hall of Fame.
Anyway, she said, God forbid, someone you love gets killed by gun violence. I second that. Second Amendment fetishizing will never bring that back, or a make that loss easier to bear. Yeah. I agree with that. I mean, hang on. Let me just take the ball out of my mouth here. I have this fetish thing with the Second Amendment. It is hot. Too many people believe that unfettered access to guns will never hurt someone they love, until it happens. Okay. I don't know what your point is really here. Marion Williams says. People will die because of this. And to be very clear, now, listen to this argument.
To be very clear. They're not doing this to protect the Second Amendment. They're doing it to protect the primacy of property rights.
Well, gosh, that's a good reason to do it too, I guess. Huh. I didn't even think of the property right part. But thanks for pointing that out, Marion. Neil Cattial says, it's going to be very weird if the Supreme Court ends a constitutional right to obtain an abortion next week. Saying it should be left to the states to decide, right after it imposed a constitutional right to conceal and carry firearms. Saying, it cannot be left to the states to decide.
Neil, here's what you're missing, dude.One is actually in the Constitution. It's called the Second Amendment. That tells the federal government, and the states exactly what they can and cannot do. What government cannot do. There is no right to abortion. I -- show it to me. Show it to me. When you can show it to me, I will change my argument. That, when it's not in -- I'll talk slowly for you, Neil.
When it's not in the Constitution, then, there's this part of the Constitution and the Bill of Rights. It's -- it's -- just look for the number ten. Okay? And that says anything that's not specifically in the Constitution. That goes then to the states. Yeah. Look at you. You're going to read something.
Jill Flipuffock says -- says the kind of people who desperately want to carry concealed weapons in public, is based on a generalized interest in self-defense are precisely the kind of paranoid, insecure, violence, fetishizing people, who should not be able to carry a concealed weapon in public. Okay. So let me get this right.
If you want to carry one, you're the kind that shouldn't carry one. So, in other words, when -- this is right. Jill, my gosh, my whole world is changing. Thank you for this. Now I understand when Martin Luther King went in and said to the state officials, hey. I need to have a concealed carry permit. He's exactly the kind of guy, you Democrats didn't want to carry a gun.
Yes! Jill, thank you for that enlightenment. David Hogged says, you're entitled to your opinion. But not your own facts. And like your own facts, you're not entitled to your own history. That's exactly what the Supreme Court decision is. It's a reversal of 200 years of jurisprudence that will get Americans killed. David, David
Have you read a book? Come on. Do you know anything at all -- name three founders. Can you do it? Right now, think. Go. Can't do it, David. 200 years.
Our -- the only times -- the only times in our history, and you wouldn't know this. Because you bury all the left. Buries the Democratic history.
The only time that we have any kind of history, where we're taking guns away from people, is when the government is afraid of those people. When the government gets really, really racist. Okay? That's why the Indians, yeah. That's why they're living on reservations now. Because we took away their guns. Yeah. Yeah.
That's why after the Civil War. And before the Civil War, slaves could not have guns. Why?
Because they might defend themselves. And then, after they were freed, oh, my gosh, the Democrats freaked out. Those freed slaves, will have a way to protect themselves. And they got it done through all kinds of laws, kind of like what you're doing now.
Thank you, David for writing in. You're special. March for Our Lives. Blue checkmark said yesterday.
The court's decision is dangerous. And deadly. The unfairly nominated blatantly partisan justices put the Second Amendment over our lives. No. I -- I -- may I quote the Princess Bride? I do not think those words mean what you think they mean. Okay?
Second Amendment is there, to protect our lives. To protect our property. And to protect our freedom.
I just want to throw that one out. The blood of American people who die from needless gun violence will be on their corrupt hands.
Okay. Wahajit Ali (phonetic) said, let's have a bunch of black, brown, and Muslim folks carry large guns in predominantly white neighborhoods.
I know the Second Amendment advocates will say that's great and encourage it. Because American history proves otherwise. We might get gun control. But we would also get a lot of chalk outlines.(laughter)Mr. Ali, you are so funny.
See, what you fail to recognize is that all of the people that you say are racist, aren't racist.
There are racists in this country, a lot of them seem to come from the left. You know, like the socialist Klan members. Or the socialist Nazi members. You see what they have both in common?
Yeah. Democratic Party. Anyway, Mr. Alley, if someone wants to carry a gun. And they're a Muslim. I have absolutely no problem. You're brown, you're pink, you're polka dot. You have covid and you're not wearing a mask. Or you don't have covid, and you're wearing 20 masks. And you want to carry a gun. I'm totally fine with that. Now, if you get a bunch of people. And, again, I don't care what color they are. Marching down my neighborhood, with large guns. Yeah. I am going to call the police because that's unusual.
What are you doing? We're just marching with our guns. Why in my neighborhood at night?
None of your business. Does Kavanaugh live around here? See, there's a difference. There's a difference. Right-wingers can freak out about nullification or packing or whatever.
No one cares. You broke all the norms of decency, democracy, and fairness. Oh, my gosh. Oh, wait. Wait.
This is from David Atkins. He has a great solution. At the end of the day, California and New York are not going to let Wyoming and Idaho tell us how we have to live in a Mad Max gun climate hell.
Oh, my gosh. David, let's break some bread, baby. Let's come together. Yeah. All right. Let me do my best Marianne Williamson.
Yeah. Yeah. Because we can come together. What you just said is the point of the Tenth Amendment. California and New York, I don't want to live like them.
You don't want to live like us. So let's not. Let's not. However, there are ten big things. And I've heard they've added to these. But there are ten big things, that no government in the United States of America, can do. Now, you want to change that, let's change it. Because what's so crazy, is there's this thing called the amendment process. You want to change the Constitution, you don't -- what -- all norms of decency. Democracy and fairness. You don't break those.
You want to change those amendments. You can do it. All you have to do is go through the amendment process. And then if you say, everybody has to have a pig on their lap. You get the states to vote for that. Put it on the amendment. You have it. Now, probably there would be another amendment that comes later. That says, hey, the big in the lap thing is really, really, stupid, and I think America lost its mind temporarily. So we're going to scratch that one out. From here on out, no. Absolute must have a pig on your lap kind of loss. Okay?
But both of those would be done through the amendment process. That would be doing it the decent way, the fair way, and the Democratic way. But David, you are cute. When you think, you're cute. Tristan Schnell writes in, when American service members die oversees, their caskets are brought to Dover Air Force base to be displayed and mourned. No, they're not displayed. I don't know if you've noticed this. But we try not to display the dead. But when Americans die because of gun violence, their caskets should be brought to the steps of the Supreme Court. So the justices can see what they've done. Yeah.
Tristan, I like that. Why don't we take every baby that's been aborted, and put them in a bucket. I mean, we're going to need a big bucket. Because there's millions of those.
And let's dump them, on the front steps of the Supreme Court. So they can see what they've done. Wow!
I got to thank all the blue checkmarks. Because you've really turned me around.

RADIO

Why the Fed’s ‘MATH PROBLEM’ may result in MORE inflation

Yes, it’s possible for our economy to suffer from extremely high inflation while certain goods, products, and services experience DEFLATION as well, Carol Roth — a financial expert and author of ‘The War On Small Business’ — tells Glenn. The Fed actually is TRYING to deflate the economy, Roth explains. But while they’re saying one thing, the Fed’s current policy shows the exact opposite. And that ‘math problem,’ Roth says, is what could cause our economy to experience even more, ‘prolonged’ inflation. It’s a ‘dire situation,’ and there seems to be ZERO leadership willing to fix it…

Transcript

Below is a rush transcript that may contain errors

GLENN: Is it not possible to have super high inflation, on some products. And super low deflation. Prices that are -- that are crazy.

Because they -- nobody is buying them, in other categories. Is that possible to have both of those?

CAROL: Yeah. I think that the best analogy for that would be kind of the '70s. And something that looks for stagflation. Where the economy stagnates. And it stagnates, like you said, because all the money has been sucked up in a couple of categories. And there really is a lot to go around in other places. There's not a lot of investments being made, and what not. But we still end up having high inflation. And we are certainly, a lot of people feel like we're in that sort of stagflation, you know, arena, right now. And it can continue on the trajectory. But you have to remember in terms of deflation. I mean, that's what the Federal Reserve is trying to do. They are actively trying to deflate, you know, not just the bubbles and assets, but they're trying to deflate spending, to cool off the economy. That's why they're shutting off their balance sheets. That's why they're raising their interest rates. It's meant to cool off demand. And that's the math problem that I keep talking about. They keep saying, oh, the consumer. And businesses are going to save us from a recession. But at the same time, the policy is meant to do the exact opposite. The policy is meant to make it, so that people aren't able to spend in the same way. So those two objectives are at odds with each other. And so I do think, that we could end up in this prolonged period, like you said, where the inflation hasn't quite gotten under control. Especially since we have so many supply demand imbalances in our economy. We have a labor imbalance. We have a food imbalance. We have an energy imbalance. And we have a commodity imbalance. And that's not going to it be solved by any monetary policy. That requires real action. And we don't have leadership, that's willing to lead or frankly do anything.

GLENN: So we have -- as I see it, we're looking at a situation. Again, I'm going back. And please, correct me where my thinking is off. But I'm going back to the Great Depression. So people were afraid. They held on to their money. They spent what they had to, and what they could afford. But nothing else.

That caused the labor market to shoot out of control. To -- to about 25 percent unemployment. Because the factories were closing down. Because no one was buying anything, from the factories. Which then, in turn, made FDR say, we're going to build the Hoover damn, to give people jobs. But it was all the government money, which would have just caused more inflation, if I'm not mistaken. Had it not been for the -- and I hate to say it this way. But the saving grace of the Second World War. Right? Were we in a death spiral? I mean, the war was definitely a different kind of reset. And I think a lot of the logic that you're talking about makes sense. If consumer sentiment is really important. And it becomes a self-fulfilling prophecy, if people don't feel confident, they don't go out and spend. They're worried about their inflation. And being able to feed their family. And get to work. They aren't going to spend -- I think there are a couple of things that we have that are different. And it's not necessarily better for the average American. So I just want to be clear. That I'm on your side, and I'm not saying that it's better.

But because of this huge supply and demand imbalance. We have two jobs available for every person looking. The likelihood is that that probably contracts to be, you know, a better match, than having massive unemployment just because of that scenario is going on. And we also have a whole slew of Americans, who are doing -- you know, have done very well. They have been the beneficiaries of this giant wealth transfer from Main Street to Wall Street. So I think we're going to have a lot of, you know, different outcomes. You know, that inadequately, that's been driven by government policy. And that's never a good thing. Because, you know, the social unrest that comes with it. And rightfully so. Because, you know, these policies have really put the middle class. The working class. And in some cases, the lower class, at risk, to the benefit of the people on the inside. And so the numbers on average, may not show how dire the situation is. And so they'll be able to spend. And say, oh, everything is great. And the consumer is doing well, when people are really struggling. And, you know, that's going to be when we continue to just be furious. And, you know, demand something be done about that.

GLENN: Carol, thank you so much for everything that you do.

She's just issued a new paper. A new piece for TheBlaze. What the heck is going on in bitcoin. And you can find that at TheBlaze.com. TheBlaze.com. What is going on with bitcoin, by Carol Roth. Thanks, Carol. God bless.

Shorts

Glenn: I didn't think Roe v Wade would end in my lifetime

GLENN: We just have to take a minute, and just think of the miracle we just witnessed.

There isn't a soul, not one soul, in this audience that thought that this would happen. Like this. This fast.

I didn't think it would happen in my lifetime.

BEHIND THE SCENES

'This is how I spend my vacation': Glenn gives behind-the-scenes look at new radio theme recording

If you have ever wondered where Glenn gets the music for his radio show or assumed he used pre-made stock music or cheap computer software, now you know, it’s the real deal. Glenn's vacation technically started this week, but that couldn't keep him away from his natural habitat—the recording studio—where he spent several hours working on an updated radio theme track with pro composer Sam Cardon and Millennial Choirs & Orchestras (MCO).

Glenn was looking for something that sounded more urgent, and from the preview Glenn shared, it sounds like the creative team nailed it. The epic score sounds like it would easily feel at home in a Lord of the Rings or Star Wars film.

The new theme will be on air at a future date, but if you can’t wait, make sure to watch the video for a sneak peak!