RADIOApril 19, 2024

Bitcoin Halving EXPLAINED: Will This One Be DIFFERENT?

The Bitcoin halving is here, but what is this event and will it be different from previous ones? Glenn and Stu explain what a Bitcoin halving is, what usually happens, and why some believe there won’t be a spike in Bitcoin value this time around. But are they right? Or is it still a good time to buy?

Transcript

Below is a rush transcript that may contain errors

GLENN: Hey, today is Bitcoin. What they call the havoc. Right?

STU: Happy havoc day, to those who celebrate. Yes. Ten hours away from now, it looks like.

GLENN: It sounds like something that would maybe happen, in -- what was that?

That film happened in Norway. It was like that summer festival.

It's like the halving, and they're all gathered in some beautiful place.

STU: Yes. What was that movie?

What was that? It was very -- it was one I wouldn't watch.

GLENN: It was creepy.

It could have been called the Halving.

Or, you know, When Magic Goes Bad. David Copperfield stars in the Halving. Now, I have to cut this woman in half. And he can't put her back. Maybe I don't --

STU: That would be a good plot. That's not what the halving is for Bitcoin though.

GLENN: Yeah.

STU: And you've seen the price go up. There's been various reasons for that over the past year.

The ETFs. Meaning a lot of money is flowing into Bitcoin for the first time, really. That is a big catalyst of it.

The other is the halving, which happens, what? Every four years.

You don't know exactly what will happen. As they get closer and closer, they can specify.

And it will be today, at some point. About ten hours from now.

GLENN: And what does it mean exactly?

STU: Basically, when Bitcoin started. You have to have miners with, who are going to mine the Bitcoin to kind of bring it into availability for everybody.

GLENN: And you knew this would involve minors.

STU: No, it's not like Jeffrey Epstein. Think of a coal miner, except digitally.

GLENN: Different kind of miner. Okay. All right. What are they wearing? Are they wearing pants?

STU: That's not important. That's not important. By the way, Bitcoin miners know they're not wearing pants. They're in their underwear in their mother's basement. At least that's how it started. It was people in their underwear in their mom's basement, basically. And they were mining tons and tons of Bitcoin.

Now, remember, Bitcoin, there will only ever be 21 million of them. They are sort of -- think of them being mined. They are slowly mined, this time, I think we've mined, 2140. I don't know. It's a long way. But the basic idea with the halving, is every four years the reward for the miners gets cut in half. So the reason that's important, is the supply shrinks.

So maybe, you go back years and years and years. There's tons and tons of Bitcoin going on. Getting mined every single day.

Now, that number gets cut in half.

It was like each block, which is about every ten minutes.

Each one of those, it was six Bitcoin. Were freed into the world.

Like released into the world.

Now it's like three. It shrinks every four years. 1.75. 1.5. Or 1.25. It's not exact numbers.

GLENN: Until it gets to zero and there's no more Bitcoin left.

STU: And that's at 21 million Bitcoin. So you are now at -- I think it's six to three, roughly, in this particular halving. And the other part about the halving that has been important to note, is every time, there has been one, over the next six months, there has been a massive increase in the prophesy Bitcoin. Now, will this happen this time? No one knows. Past performance is not indicative of future results, we all know the disclaimer.

GLENN: We really do know that disclaimer. You may not know that disclaimer, but we do.
STU: Yes. Very true.

GLENN: The views of Stu are not necessarily those of the host.

STU: This is not financial advice.

Past performance is not indicative of future results. We don't know. We have also had a very large rise over the past year. So some people theorized, it's already built in.

Right?

This time, the rise we've already had, is basically part of what the halving would bring. However, when you look at the charts over the past three or four or five halvings. We've had massive increases. All those times, where all of a sudden, everyone around you, was talking about Bitcoin. Almost all those periods happened between six months.

Three to nine months after a halving.

GLENN: After. Not before.

STU: Well, you've seen some rises before. Generally, speaking, the real pop has happened after.

GLENN: This has been a real pop. This brought us back to where it was.

STU: There's a reason to believe, there's more here. Again, the last one was in 2020. Do you remember the 2021 phenomenon?

Then you had a drop back down. We are now down back to where we were, 2021.

GLENN: Making a case that somebody should buy, just a fraction of Bitcoin.

STU: Okay.

GLENN: I mean, you know, when it first started, and everybody was on board. Everybody was buying Bitcoin.

Because it was like, I have three Bitcoin. You know.

STU: Yep.

GLENN: And now, most people cannot afford to buy -- no.

STU: Of course not. Let me put it this way.

Right now, you would say, Bitcoin, $60,000. Basically, it's only for a millionaire.

Someone who wants tons of money, who will throw into a Bitcoin.

You might say only millionaires can afford that.

You might say something like that. Think of it this way, there are 24.5 million millionaires just in the United States.

GLENN: 24.5 million millionaires.

STU: Yes. Right. Right now, there will never be enough Bitcoin for every millionaire in the United States to own one. That doesn't include millionaires around the world. There are already too many millionaires for just millionaires to get one of these things.

GLENN: How much of it do you think is lost? Permanently, forever, lost.

STU: Permanently. Like, for example, we know the Satoshi's account. Which, the guy who invented Bitcoin. We don't know who it is. Group of people. Or if he's dead. I think they're dead. That's my opinion. He has an account with 1 million of it, in it, that's never moved.

So we basically know, unless this guy reveals himself somehow in the future. Which is not likely, that a million of them are lost. We also know, early on, people were mining these things and getting thousands and tens of thousands of them. And just losing -- turning their computer off. And not thinking they were worth anything.

The estimates are that probably something like a third of them are lost forever. So instead of 21 million, maybe it's 14 million. Maybe it's 15 million.

Somewhere in that vicinity. Now that they're valuable, people are not losing them, of course. At least as often. It's still happening every day.

People screw it up. They lose it.

They send it to the wrong account. That stuff still happens. But you're probably talking about, let's say 15 million, that actually will exist.

You have 24.5 millionaires in the United States. In the world, you have about 60 million millionaires. So if you split up all the Bitcoin in the world, just among millionaires, they can only get a quarter of one each.

Now, if you can put some in there. The idea that these things will go down in value.

Over the very long-term. To me, is unlikely.

And part of that is, at the beginning of this, nobody knew. Right?

Like when I first invested in Bitcoin. And I don't have a lot of money in Bitcoin. But when I first started in Bitcoin. My thought was, I'm going to throw some money in this, let's see what happens.

I have absolutely no idea.

My thought was, there's a good chance. I said this to you, at the time. There's a good chance it goes to zero. It was a total gamble. I had no idea.

I liked the concept of money that can't be inflated and printed. Right?

I like that concept. That's why I was interested in it.

But, I mean, how many multi-trillion dollar industries can you remember going to zero?

I mean, is there any example of this?

GLENN: White star line. This has I don't think they were worth trillions. Right?

Enron was a big company, right?

Don't remember it being worth trillions. Bitcoin's market cap is over a trillion dollars.

GLENN: No. I can't see it going to zero. Unless all the central banks in the world say, not --

STU: It's so resistant to that right now. Though.

GLENN: I know.

STU: We're seeing countries open up. And start accepting it. You know, the United States of America, has now accepted Bitcoin ETFs. That's a huge embrace of this technology.

And look, I don't know. I can't tell you, it won't go down in the future. I would be surprised if it never goes down below these levels again. It probably will.

So you might buy today. And at some point, be down.

A lot of people bought in 2021. And thought, oh, my gosh, I've lost all my money.

Except, now pretty much every person who has ever bought Bitcoin in its history, if they held on to it, is either about even or up.

GLENN: Everybody. Even the people who bought at the very peak.

STU: Everybody. Yeah, unless you bought like a couple of months ago, when it hit 69-70 for a couple of days. There's a few people.

But generally speaking, almost no one who has ever purchased this and kept it, has lost money.

And that's that's quite a statement. Again, what other investments can you point to, that has that type of record?

There's almost none. So I don't know. You don't know what the future holds, but man, this is a technology that has proved itself incredibly resilient.

GLENN: I get really pissed at you, every time we talk about this. Every time.

STU: You get pissed at me.

Why are you pissed at me?

GLENN: Yes, I do. I blame you for bad decisions. Blame you.

STU: Why?

GLENN: I was with Marc Andreessen.

STU: Yes.

GLENN: It might have even been a fraction of a cent.

STU: It was before -- well before I bought it. That's for sure.

Because I remember the conversation.

GLENN: Yeah. Yeah. Yeah. Yeah.

And he's going to start some new thing with this new currency.

STU: Yeah. I remember you telling me this, at the time. I fortunately, did not listen.

GLENN: Yeah. Neither did I. Neither did I.

And we could have put hundred dollars in it, at this point.

STU: Oh, my gosh.

$100. Do you know how much that would be worth?

GLENN: It was a fraction of a cent. Wasn't it?

STU: I don't remember if it was that low, but it was really early.

GLENN: It was right as he started the digital wallet.

Coinbase. It was right as he started it.

STU: Gosh. This makes me physically ill.

GLENN: I think he actually told me that before he started it.

Or he may have --

STU: In the middle of making money or whatever.

GLENN: Yeah. He said, do you know anything about Bitcoin. You should invest.

Just take $5,000. And just throw it in this. And I'm like, uh-huh.

And I -- at the time, $5,000 was -- you know.

STU: You would probably be a billionaire.

GLENN: I would be.

STU: I can't imagine how many you would have -- I love this story.

GLENN: Well, look it up. Look it up.

Look up when they opened Coinbase.

And what the price of Bitcoin was. $5,000.

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Ten-second station ID.
(music)

GLENN: So go ahead.

STU: What?

GLENN: Why he didn't you invest in it? You're always -- you're that kind of guy. You know, I just threw some money in it. Why didn't you --

STU: I mean, I think I did. I just didn't do it as early as that.

Again, I wish I had invested more. Then I wouldn't have to be sitting here with you every day. It would be a dream.

GLENN: If I had a time machine, that's the only thing I would change. And for that reason. I would go back in time.

STU: You would make me -- you actually wouldn't mind making me a billionaire, just so I wouldn't have to be here every day?

GLENN: Yeah. Yeah. That's the kind of guy I am.

STU: How about this, I'll it do for 10 mil right now. Get some financing.

So it depends. It's hard to know exactly when you talk to him. The Coinbase started in 2012. Coinbase is a little later, when you're talking a fraction of a cent, so it was about ten bucks in 2020 -- when it actually started selling Bitcoin. When Coinbase began that process, it was about ten bucks.

If you spent $5,000 then, you would have had about 500 Bitcoin, which would be worth $32.5 million. Which would be incredibly nice. However, my remembrance of this story was, it was before -- before that. When it was sort of being dreamt up.

So it could have been.

GLENN: It was one of the first times I've ever heard of Bitcoin. And I think I came back to you. And I said, what is Bitcoin?

And you were like, well, people buy pizzas with it.

STU: This is ridiculous history.

GLENN: That's exactly what he said.
STU: I don't think I knew much of anything. I had heard of it. But I didn't know anything about it at that time -- I definitely was not discouraging you in investing $5,000. That's exactly how you remember it.

GLENN: That's exactly how I remember it, Your Honor.

STU: And one fascinating thing I think that really hasn't fully taken -- taken root yet when it comes to the Bitcoin phenomenon.

GLENN: By the way, hang on just a second. I just have to say something. I said at the time. I said that, on the air too.

STU: Oh, really?

We should go back and find it.

We can probably find it.

GLENN: Marc Andreessen. He's at Bitcoin.

Blah, blah, blah. But Warren Buffett. He says, if you don't understand it, you shouldn't invest in it.

STU: Where did you find that?

GLENN: I wonder if anybody. If anybody did it.

What our earliest time was, when we said. Hey, maybe you should throw some money into it.

I don't know if I will do it. If anybody in the audience. Of course, there was somebody that was in the audience.

They're not now.

STU: Showing, they're billionaires.

GLENN: On a yacht someplace.

STU: I think that's one of the things that's most interesting in a societal sense.

That we had a lot of people. Because the early people into Bitcoin. Not like the people necessarily today.

But the early people into Bitcoin. Were people who generally speaking, were ideologically let's say Libertarian.

Or somewhat close to that.

GLENN: Yes. Correct.

STU: And there are now massive amounts of people, who became insanely wealthy over this process. And continue probably to get even wealthier.

And those people who would have probably been marginalized in society, at some level.

Maybe they would of been successful. But would never have that sort of power.

GLENN: No. They're the losers. Loaners. And creeps.

STU: And we've seen.

I mean, Libertarians, will describe themselves this way.

So we've seen now, that many of these people have made an impact. Right?

We've seen a lot of them. Marc Andreessen. Not necessarily, an ideological Libertarian. A lot of these people have risen.

Two of the richest people in the world. Are the Winklevoss twins. The people who had Facebook stolen from them.

GLENN: I think they're fictional characters.

STU: They may be. They were in a movie once. So I don't know.

GLENN: Sure. Anybody can play them. But I think anybody with Winklevoss as their name. And they're twins. I think it's too magical to be real.

STU: It's hard to believe.

GLENN: It is. It is.

Oh, let's call on the Winklevoss twins.

STU: For everything --

GLENN: Show up. Say their names three times.

Hi, we're here to grant any wish, with our magical Bitcoin.

STU: Right. Consider that they basically had Facebook -- in my opinion, Facebook stolen from them. They wound up getting thrown out.

Got some money for it. Were not insanely wealthy.

Wound up not with one, but two giant revolutions of the world.

They were at the founding of almost -- they invested a fortune in Bitcoin, right after that.

And now were multi-billionaires because of it. It's a weird people that wouldn't have normally been at the top of our society. Are now there. And hopefully, they've kept some of these small government routes, through that process.

And maybe they can Friday the country, in a way --

GLENN: No. No. Because when you get that wealthy. What you do, you know, I can get somebody on the phone.

I can make this happen. I don't want a stop sign here.

And I think we should also kill the poor. I will get both of those done. I will call my council member. And, you know, my master at the WEF.

You know what you know I mean?

You start protecting it, and then that all goes to hell.

STU: Maybe. Who knows?

GLENN: We should do what Star Trek did, and abolish all money. Learn how to live in harmony.

STU: That worked out well for them. They were poor in episode.

What are you talking about?

GLENN: How did they pay for those starships? How ridiculous was that?

Are Antidepressants (SSRI's) Worsening America's Mental Health Crisis?

A former FDA psychiatrist reveals what Big Pharma never told the public: the “chemical imbalance” story behind antidepressants was never proven — and SSRIs don’t fix a biological defect, they numb the brain. Glenn Beck and Dr. Josef Witt-Doerring break down how America became the most drugged nation in the world and how millions are being overprescribed medications that can cause paradoxical agitation, emotional blunting, and even suicidal behavior. With 15% of Americans — including millions of children — on SSRIs, are we facing a public health crisis hiding in plain sight?

Was the Cracker Barrel Rebrand a SABOTAGE?! - Glenn Beck Reveals what REALLY Happened

Cracker Barrel’s massive public meltdown didn’t happen by accident. Behind the scenes, the company was bleeding institutional knowledge, taking disastrous advice from DEI strategists, and making decisions that alienated the very customers who built the brand. A major board shake-up, the quiet removal of DEI frameworks, and the sudden resignation of a key DEI-linked board member reveal how deep the problems ran — and how desperate the company was to course-correct. This breakdown uncovers what really went wrong, how Cracker Barrel was influenced internally, and why the Glenn Beck interview triggered major internal moves that the public was never supposed to see.

Transcript

Below is a rush transcript that may contain errors

GLENN: So, Stu, you can just questions about the special tonight.

STU: Yeah, for sure. I'm interested in this.

It's a big -- you know, a big special. You're back and forth with it. With them there. Was kind of fascinating. Right?

You have a situation where they -- they do seem to be sort of avoiding the question there on DEI. Is that how you read it? Oh, we lost connection with Glenn. Is that what's about to go?

Well, that's how I read it at least. You know, you listen to that clip of them going back and forth and it does appear to be them just sort of avoiding the question. We should get back to Glenn. Because I know he has this breaking news on this happen. Should we go to another clip on the Cracker Barrel thing, while we're waiting for Glenn to reconnect? Because it sort of sets the stage. You know, it was interesting to see their approach here, which is to try to explain themselves and try to work themselves through what is one of the biggest PR disasters probably in our lifetimes.

And let's go to this next clip.

VOICE: If we came out of COVID, A, trying to hire 50,000 people, we have a lot of our employees, original -- we did -- we lost a lot of very long tenured employees. A lot of them, a little bit older, and scared to come back into the -- into the environment.

And so --

GLENN: That's a lot of institutional knowledge.

VOICE: Oh, it hurt. I mean, it really hurt.

And in '22, as we started opening back up, we had the new menu that we had. So we lost a lot of people. We put a ton of training into that new menu.

Now we're coming back to open up, guests, any way we can get them. We had patio dining. We were testing a rock garden.

They were going to sit out in the landscape. And I always say that co-ed even made Cracker Barrel start drinking alcohol.

Because that's how -- it was out of COVID, that it was like, how are we figuring out how to drive top line sales and try to get a guest in.

GLENN: Okay. So that is a good example of you don't know any of the story. You think Cracker Barrel has never served alcohol before. Why are you shoving alcohol? That's a cultural. So it's easy to think, you're selling people alcohol now. What other values are you --

VOICE: And it's fair.

GLENN: That one, is at least understandable. Now that I understand the story.

VOICE: Yeah. Exactly. And so as we got into '23, I came out of my office administration role, and came into operations.

And I was leading field operations. And the best way for me to describe it, we were throwing Velcro balls at a wall to see what would stick.

STU: And it's understandable. You know, it's easy to kind of look at the Cracker Barrel situation and get lost at how badly it went.

A lot of these decisions come down to the information they had at the time. Right?

And they're looking at the time as a place that maybe people aren't coming into as much as they would like.

They are trying to -- maybe it's fading a little bit. Maybe some people find it's stale.

They think the situation at Cracker Barrel is not one that they're not necessarily trying to get involved with on a week to week basis, like they used to.

Maybe they had those warm feelings of the past. But they're not going in it anymore. Well, we'll freshen it up. We will do all these new things.

This will be great! And you realize, sometimes, when you're in that moment, you hit a -- you hate a vein. Right?

You're trying to do something positive for the company. And you hit a vein, and everything starts bleeding all over the place.

Let me give you another piece of this interview. Glenn Beck, up in the headquarters of -- of Cracker Barrel.

And somehow, I will give Glenn credit. Not eating throughout the interview.

I kind of thought, when they put food in front of him. He would just be shoveling it down his gullet the entire time.

You wouldn't be able to hear him. It would be like talking with his mouth full.

He got through it, without taking as many bites. Here is Glenn with the CEO of Cracker Barrel.

GLENN: Let's just get this out.

VOICE: Okay.

GLENN: What happened to the choices that were made?

I said on day one of this. I remember when they rolled out new Coke. And I thought, that was the dumbest marketing move, the dumbest thing I've ever seen.

We're taking the original formula and ditching it. And let's start over with a brand that people love.

The day this broke, I said on the air, new Coke!

That's what this is. And it was -- no offense. Stupid!

Just stupid from start to finish.

Can you walk me through how that happened?

VOICE: Yeah. Sure.

Look, our guests have every right to be upset.

GLENN: Yeah. You want to watch this. And I -- you know, what I really want to you watch for is a moment where I said to her, are you surprised you haven't been fired yet.

That spoke volumes. Her answer, and I hope it is captured on camera.

But that answer was the first non, you know, when you're a CEO. You know, I've -- Stu, do you remember when we used to have to do really important interviews.

And our PR people would be like, drill, drill, drill.

No, don't say that. Don't say that. And we would be like, yeah. Whatever.

And when you are in charge of a Fortune 500 company. And you're in the trouble that they're in, you do -- you know, you follow the people that you have hired to make sure crisis management. You don't make any more mistakes.

And so everybody was very, very careful.

They were very honest. But, you know, like that DEI thing.

She didn't really answer the question.

Of course, we want everybody to be welcomed. Yeah. I know. But that's not answering the question.

When I asked her, are you surprised you still have a job, and you haven't been fired yet. Her answer spoke volumes.

Now, the other thing that you need to know, that while she didn't answer me on the DEI thing. And I -- I -- you know, I can't tell you exactly how this happened.

I just know that they knew, that they didn't answer the question.

And somebody has been in touch with my people. And said, hey. You might want to watch the board meeting that is happening.

We can't tell you that anything is going to be happening. But the DEI thing may be solved. At the board meeting. That happened this morning. And they were going to release something at 11:15 today.

We didn't know exactly what it was.

We had -- we had an indication that it might be about DEI.

And what they've done, at first.

Remember, in August. You know, they just deleted the Pride pages. And the DEI pages.

And they just got rid of it all, at Cracker Barrel. That is just hiding who you are. The real problem was, they had a guy who was on the board of directors. Named Gilbert Davila.

And he's just resigned from the board, today!

Okay? They had a meeting with the board, and shareholders and everything else. And they voted on all of these people. And they did not renew him. And so he is -- he has resigned.

Now, his job -- he was a member of the standing board committee.

And his job was to assess the social and political risk to the company's business.

Well, who is he?

Well, he's also the CEO of a company called DMI Consulting.

That's a DEI strategy firm, that's been in business since 2010.

So he's one of the guys. He was the guy who, his job as the CEO -- as the CEO of DMI, is to promote, you know, DEI.

To make sure everybody is living up to the DEI standards. So Robby Starbuck, who is a friend of the program and, you know, great conservatives, who has been responsible for -- you know, getting a lot of these people out of these companies, or at least drawing attention on what these companies are really standing for.

He's been asking trial. What does he do to deserve this seat on the board?

Well, that's it. He owned a DEI consulting and strategy firm. That was pushing DEI and DEI advertising. So what's happened here is I think while she couldn't answer that question at the time, because the board hadn't acted, I think it's -- I think it's not not coincidental that the day the interview with her drops. With us.

Which they've known for a couple of weeks. This is when this interview would drop.

They -- they announced that morning, that seat has been eliminated. DEI is gone from Cracker Barrel. So I think that's really, really good news if you're a fan of Cracker Barrel.

And the things that I saw at Cracker Barrel, I'm -- I'm going to tell you some stuff tomorrow.

I just have to make sure that it's exactly accurate. Because I don't want to cause more problems.

For us!

And I want to make sure that I get it exactly right. But there were some things that I learned in the show prep.

And, you know, studying up for this interview.

That no one was prepared to talk to me on camera about. And always says to me, oh, well, there's something there.

And so we have done even more homework on it. And tomorrow, I will tell you about something that you might have heard about. This guy who owns, what is it?

Steak and Shake?

STU: Yeah. He's a big activist shareholder, isn't he?

Kind of against some of the leadership there at Cracker Barrel. I think I read about that.

GLENN: Correct. Yes. Yes.

And he has an interesting history.

And I want to -- I want to take you through some of that tomorrow.

I think by tomorrow, you're going to understand, what you saw with the DEI vote on the board today. Get that gone. That's gone.

The interview that you'll see tonight with Julie. The CEO. She's not who you think she is.

It doesn't mean she didn't make huge mistakes. She says she makes huge mistakes. But she's not who you think she is.

You may not agree with her or whatever. But it's important you know who she is. And what she said.

And the key tonight is that question: Are you surprised that you haven't been fired yet.

And really, what happened after she answers the question. And she's very uncomfortable. Answers the question.

And then she immediately switches topics. And I'm like, wait. Wait. Wait.

Stop. Stop. Go back. Why are you switching topics here?

Because it was an amazing moment. Is she immediately changes the subject. After she answers. And then she comes back, and she he says a few things. You'll see.

And then I bring it back to her again. And she switches topics again. And I'm like, why are you doing that?

Why are you doing that?

And she said a very interesting answer on all of that.

That is one of the most honest things I think I've ever seen a fortune five company or CEO ever say.

It was really uncomfortable. But really, really honest.

I think once you see this. And then I tell you tomorrow about the -- the board member, on the things that I can verify. I'm not sure what we can verify yet.

But the things that I've heard. And the things I think I can verify tomorrow. You will see that -- that I think they made stupid moves. They have really bad advice from DEI people.

And they were set up.

To some degree.

They were set up.

The company was. Not individuals. The company was set up.

I think it will -- I think you will have every question you needed to know about Cracker Barrel and what happened answered.

WARNING: The Threat of Sharia Law in American Cities is Now a Reality

Texas is becoming the front line of a growing ideological struggle. While courts block the Ten Commandments from classrooms, public schools are opening Islamic prayer rooms as CAIR and other Islamist political groups gain influence across the state. Glenn Beck and Chip Roy warn that this isn’t about private worship, but rather a coordinated movement to weaken the nation’s Judeo-Christian foundations, undermine constitutional law, and smuggle Sharia-aligned norms into American institutions. As judges enable these shifts and political factions fracture, a broader conflict is emerging that most Americans refuse to acknowledge. Texas may be the battleground that determines whether the West wakes up in time.

Transcript

Below is a rush transcript that may contain errors

GLENN: We're talking to Chip Roy about the Islamification of Texas and the United States. What's going to be done. A -- a -- a -- a new attitude from Governor Greg Abbott yesterday. And a new proclamation that came out and said, enough is enough.

On CAIR and the Muslim Brotherhood. We're going to deem them terrorist organizations. We were just talking about what's happening with the Ten Commandments. And before we -- before we switch here, one more thing on this -- this Muslim thing. In schools.

You know, we can't have the Ten Commandments, Chip.

However, at liberty High School in the Frisco ISD in Texas, they now have prayer rooms for Islamic prayers.

How is it we can't have the Ten Commandments in Texas, but Frisco ISD public school, Liberty High School, can have prayer rooms, and nobody says anything?

CHIP: Well, first of all, this is the double standard of the left. But let's take a step back. What you just said out loud. Frisco, Texas. Frisco. My daughter was born in Frisco.

GLENN: Yeah.

CHIP: Has now got Islamic prayer rooms, okay? That should concern you.

GLENN: It does.

CHIP: And by you, I mean the listeners out there. Like, Texas listeners.

And, yes, the Ten Commandments case. It's judicial activism. The Supreme Court has upheld the ability to have the Ten Commandments displayed in public form.

Again, the Ten Commandments sits on the grounds of the Texas Capitol. And the case like I said, Ted Cruz litigated as solicitor general. Working for then attorney general Greg Abbott. Governor Rick Perry, and we won that case.

And I think we will be able to win that case, when it goes up, and it's no doubt, it's being challenged in the fifth circuit.

Then likely the Supreme Court would look at it.

With past presidents and say, we have the Ten Commandments.

Look, we have to decide who we are as a people.

And we got to start acting like it. Because this nation has been blessed because we are a Judeo Christian people who formed a country. That is a -- liberal, in the classical sense. You know, republic liberal democracy.

And we allow the full range of views to be discussed. And for people to believe whatever they believe.

And you and I will die on the hill to protect that. To protect the government over the mind of man. But we are also are a group of people that's bound together by a common sense of ideals, in our history, in our founding. And when you break that down, you will no longer have a country. And that's what we've got to -- you know, when those men --

GLENN: Go ahead. Well, you were saying a minute ago. You know, that should concern you, that there are prayer rooms in Frisco, Texas. It doesn't concern me that there are prayer rooms.

What concerns me, this is a coordinated effort to bring Sharia law into our country.

I don't care if you're Muslim. And you respect the Judeo Christian laws that we have. That's what our country are built on.

That's what our laws are based on.

And you say, this is a really great system. Because it allows me and everybody else to worship God of our own understanding.

When you're part of a movement to subvert that law. And to fundamentally transform the United States into something that it is not.

That's when I have a problem! And that's when we should stand up, but that's one of the things that CAIR does. CAIR makes anything that we have said, Islamophobia. And so they shout you down, and make you afraid and try to paint you as a hater.

I don't hate. I don't hate Muslims.

I don't. I do despise Sharia Law, and I despise anyone who comes here, and wants to supplant the United States Constitution, and replace it with Sharia law. That's -- that's a no-go zone.

No. Sorry. Not going to do it.

JASON: And the history of Sharia law. And the history of those inherent to it, which would suggest that that is the goal.

GLENN: Yes.

CHIP: And that's what we've seen borne out in countries across the world. So we should recognize that in carrying out our policies and these activist judges, and they are going to cede the ground. Okay?

In the name of the First Amendment, they are going to cede the ground with a supposedly secular society.

And, you know, essentially, genuflecting to -- the Bill of Rights, while walking away from God.

They're going to cede the ground for a world in which we are going to invite those who wish to destroy America, to have a front row seat right here to do it, and we've got to stop those judges.
And we've got to act. And so, you know, the House of Representatives should act on such an obvious case like Boasberg.

We should -- and I know that my religious liberty friends will do that on the Ten Commandments.

And they're going to be litigating that. And I will be quite confident the state will litigate that to defend the state law and defend the schools.

Then you go to the -- you know, redistricting opinion. Right? It's really extraordinary. I don't know if you read the scathing rebuke of the two judges. The -- particularly, the one judge, Judge Brown by Jerry Smith, right? Who was dissenting judge in the three-judge panel. So for those of you who don't understand, when you have a case on the redistricting issues. Right? It goes to a three-judge panel. And this three-judge panel, it was a two-to-one opinion, and it was a Democrat appointee. Appointed judge.

It was a Trump-appointed judge. Judge Brown. And then Judge Jerry Smith, who has been on the bench for a long time. Very respected, conservative --

GLENN: Thirty-seven years.

CHIP: Yes, and Jerry was basically cut out. They didn't do their normal deliberation. He wrote a scathing letter yesterday.

In addition to them filing a dissent. Because he was blocked out of the process.

It was an extraordinary essentially power grab by the two judges.

Just to run this thing through. I don't think the Supreme Court will take kindly to that.

I think that the stay application that will be filed with the United States Supreme Court. I think that by tomorrow. They filed the stay last night with the strict.

In the district court.

But I think they will go to the Supreme Court, with the stay, probably tomorrow.

That attorney general Paxton and Abbott to strategize for the timing.

But I think that's right.

And, you know, I think the you court. Judge Roberts, his faults on many opinions, has been pretty good on race. You'll remember, the Supreme Court opinion that -- that struck down the abhorrent, you know, language in section five that was unconstitutional, Voting Rights Act. And they cleaned that up.

And in that opinion, Robert said, that divvying us up by race was a distorted business. That was his quote. And I think Roberts will be on the right side of this. I hope so.

Because this is very clearly political exercise by the legislature.

The judges tried to indicate that it was racial gerrymandering. No! It's the opposite.

Texas is trying to undo racial gerrymandering, which we believe is unconstitutional on its face. You've got California out there, who is taking five of the nine Republican seats away.
So it's currently, what?

I think, what? 45 to nine?

And it's now going to be something like 50 to four? My numbers may be off one or two. It's crazy.

And then in Texas, we were kind of trying to rebalance it a little bit.

Add four or five new states. A lot of growth in Texas. And now, they will say, that that's somehow not profitable. Because we somehow are doing racial gerrymandering.

We're undoing I think racial gerrymandering with a politically motivated goal of having more Republican seats in a very Republican state. So I hope the Supreme Court sees this for what it is.

And issues a statement. You know, we'll have to see what they do.

GLENN: Let me take to you Washington again. This Comey thing is driving me out of my mind.

Because once again, here's somebody, that looks like they will not pay a price for anything.

James Comey. A judge has said that the government has screwed this -- this up. In gathering information.

And filing.

And so now it looks like the Comey case will not move forward. Any thoughts on this?

CHIP: Well, look, I have not had a chance to dive into this as deeply. I know that the district Judge Nachmanoff, or whatever the judge's name was. Pressed, you know -- this -- this opinion forward.

And, you know -- or I'm sorry. Not pressed the opinion. Pressed prosecutors. A hearing.

And I don't know what the exact result is going to be.

The Biden appointee. And, you know, we're -- we're going it to see what the result is.

Obviously, Comey, we believe lied to I think the Senate judiciary committee, among others. Under oath.

And that is, in fact, an indictable offense.

And so, you know, I'll go look and see what they're claiming in terms of whether the grand jury got to see the final indictment.

Or whatever these issues are.

Obviously, the former prosecutor is important. You have to follow the procedures.

GLENN: You have to.

CHIP: Do it right. But also can't lose the forest for the trees. I think Comey very clearly lied. And so, we're going to -- hopefully, this will proceed. That's about all I've got on that one.

GLENN: All right. Chip, thank you very much. If anyone wants to get involved in your campaign for Texas attorney general, how do they do it?
CHIP: ChipRoy.com. C-H-I-P-R-O-Y.com. You can follow me at Chip Roy TX on X/Twitter.

And, Glenn, always appreciate what you're doing out there. Thanks for being on the tip of the spear. And the forefront of talking about this important issue. About defending Western civilization.

And all the issues. I'm deeply appreciative.

GLENN: I tell you, Chip. I -- I've been saying recently -- I've been saying it for a while, since I wrote the chalkboard on what was going to happen, back on Fox days. And I said, all these people will gather. And then they'll sort it out.

Once they think they have it, they will start eating each other.

And they're starting to see that with the left now eating the Democrats. So Democrats are over. Now it's just going to be Marxists. But it will come down to the Marxists and the anarchists and the Islamists. And as I said then, in the end, it will just be the Islamists, against the Western world.

Because I would bet on people who believe something, much more than the Marxists.

These people have religious zeal. And they will -- they will eat the Marxists. And then it will just be western world against the -- the Islamists. And I think, chip, we are in World War III.

We have just not declared it yet. And people haven't woken up to it yet.

We are in the beginning stages. You will see history in 100 years from now. Will write, this is the 1930s, if you will.

This is the beginning of a world war, and nobody has caught up with it, yet.

Would you agree with that?

CHIP: Yeah. Glenn, I agree with you. You have, and you were a long time ago -- others have caught up to it. And, frankly, caught up to where you were. And, look, it is one of the core reasons I'm running for attorney general.

Look, I can keep doing what I'm doing up here. God blessed me the ability to fight and make changes up here.

We've done some good things.

Look, we have to preserve in the state of Texas. And the battle is exactly what you said. You can't win a war. If you don't even acknowledge that it's happening.

That's the problem. People are asleep at it. Again, like I said, it's what I last talked about. Because of the reality that you just said.

And that vast network, we have got to follow the money and destroy that network. It's an integrated, related network. You know it. I know it. I can promise you, smart people in Washington are looking at this.

I can tell you, I'm building teams in Texas, to look at this right now. And connecting those teams in Texas and in Washington. And other AG's offices, which is what I'll do on day one of AG. Frankly, once I'm blessed with the nomination, I will be working on it all next year. We will build the team, and we will fight to dismantle it.

Glenn Finally Gets a REAL Job: Cracker Barrel Biscuit Maker | Glenn TV | Ep 471

If this whole media thing doesn’t work out, Glenn can always fall back on his biscuit-making skills! Take a break from the apocalypse and enjoy some Cracker Barrel carbs made by everyone’s favorite son of a baker!