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Chip Roy: GOP House Speaker fight is about ENDING THE SWAMP

The Republican Party found itself in chaos on Tuesday when Rep. Kevin McCarthy failed to receive enough votes to secure the House Speaker position. McCarthy told reporters the party is still ‘unified,’ but after tense meetings on Tuesday, Rep. Chip Roy tells Glenn some conservative members of Congress are hardening their anti-McCarthy stance. So what’s going on, and why is it VITAL the correct Republican gets the job? Rep. Chip Roy describes why the battle for the House Speaker position is about ending the D.C. swamp and ultimately about protecting the American people. Plus, Rep. Roy explains what YOU can do to help…

Transcript

Below is a rush transcript that may contain errors

GLENN: Chip Roy is with us.

Talk to us about the battle for the Speaker of the House.

Hello, Chip, how are you?

CHIP: Glenn, I'm doing well. We're engaged in yet another series of meetings this morning. We were here until midnight last night at the Capitol, and we will continue to fight for the people that sent us to fight for them.

GLENN: Well, A, I appreciate that. And I hope that America responds. I think the Karl Roves of the world are thinking that people like you, are going to get the a lot of calls and deluge at your office today saying, don't you dare. You'll always be McCarthy. I think the other will happen. Because I'm done, Chip.

I'm done.

When the Senate passed the omnibus bill, I was done. If you guys don't have the freedom to investigate and the teeth and the back bone to actually do things in the interest of all Americans, why did we vote for any Republicans?


CHIP: Well, Glenn, that's the question. That's the central question. People have been asking. What's the message?

And I tried to deliver a message on the floor of the House last night. And what we're fighting for, are the tools and the leadership necessary to stop the swamp from rolling over the average American, who are sick and tired of seeing this town undermine their freedom, spend money we don't have, and continue to violate every promise they've ever made in the campaign. I'm going to come up and I'm going to cut spending. We're going to balance the budget. We're going to secure the border.

Bull. You saw what happened unfold with that ridiculous $1.7 trillion bill.

There was no real significant pushback from the House leadership, when Mitch McConnell stuck it to the American people, made it impossible for us to secure the border.

Took away our leverage. And did it so that the current DC establishment can get what they wanted, in terms of a big spending bill. For the defense complex. And it jammed through something, that the American people didn't want. That's what we have to stop, Glenn. That's what this is about.

GLENN: Okay. So I am with you.

So now, will -- will those of you who are mounting this battle. Is there a compromise, McCarthy can make?

CHIP: So I would have told you 48 hours ago, that the answer to that question was yes. The problem is, that there is a growing group of hard-core no votes against Kevin.

Because of the way things unfolded yesterday, at the Republican Congress meeting. In which Mike Rogers stood up and threatened members from losing their committees.

And when lies were being told about what was behind the motives of members seeking, quote, petty personal privileges, of being on certain committees, which was a total lie.

Because members offered in good faith. All right. Put me on the appropriations committee. I don't want to be on the appropriations committee, but I'll do it. Right?

Or put me on the rules committee. That was me. I said, sure. Put me on the rules committee, as somebody who would do it.

Even though I don't want to fly away from my home and miss my family on Sunday night, and fly here to be here on Monday morning, to accept the rules.

And the rules committee is the funnel through which all things get to the floor.

The fight in 1923, when there were nine rounds of votes for the Speaker. The culmination of that was a complete change of the rules committee because it's so powerful. It's a secret committee kind of. That nobody knows about. That just sits there, and decides what bills get on to the floor. What's in them. And what it looks like. So we had a debate in that. Now people lied about it.

So now you have a bunch of members that are saying, you know what, I can't trust him. I'm not going to be able to vote for the guy.

Now, that being said, Glenn, literally, the conversations I had until midnight last night and this morning, is trying to work in good faith on how to change the institution. I speaking for myself, would there be a path for me to get there?

But the path for me requires us to be able to control the ability -- control the legislation that gets to the floor. And stops something like that omnibus bill in December.

GLENN: So hang on just a second. May I just break this down for idiots like me.

I think what you're saying. Because I was stunned when I saw you all sitting in the chamber yesterday. I say, wow. I haven't seen that since the turn of the century.

The problem is, all of these bills are being done behind closed doors by just a small group, and then it's brought to the floor, not for discussion. But for a vote. Yes or no? And you want that to stop, right?

CHIP: Correct. Correct.

GLENN: Yeah, me too.

CHIP: And we made progress.

And, look, Glenn, this is important.

The progress we've made over the past 60 days to get rules is not because Kevin was standing up, trying to figure out, oh, I've got these great ideas on how to make this place better.

It was because some of us, five in particular, publicly, that were noes said they weren't going to support Kevin. And another seven of us signed a letter saying, here are the things that we want to see change. That forced the conversation to change. Now these guys are running around saying, well, we gave you everything you want. No, you didn't. You gave us some things that would be an improvement. But you didn't give us the key things. Which is necessary to stop big bills, that the defense world and the liberals, among Democrats, jammed through. Remember and consider, Kevin voted in the minority, more Democrats than Republicans multiple bills over the last decade. Since he's been a Republican leadership. The debt has gone from 11 trillion to 32 trillion. He voted, for example --

GLENN: You don't need to -- Roy, I am not for. And I get it.

Tell me what the specifics are, that have to be changed. Because I think people need to know specifically, what are we fighting for?

CHIP: The key thing, that I believe needs to change, is that we have to have people on the rules committee, who reflect the conservatives, who send Republicans to Washington to change the town.

That seems wonky. What is the real message? Is that we need conservatives. Enough conservatives. I'm not saying, put every -- Freedom Caucus member on that.

I'm saying, you need to have actual conservatives, who will stand up, in defense of the American people. From the big spending in this town. Be on the committees, that actually determine, what gets to the floor. Combined with the changes to the rules, that we are partway down the road in getting, of opening up the floor, so we can have amendments and debate on the floor --

GLENN: That is so important.

CHIP: -- so that we can kill this stuff. So we're kind of halfway there. But halfway there, ain't there. And so if they're not going to work with us to get us there, then that's the problem. And yesterday damaged that. And may have created an environment, where there's too many guys here, saying, we can't cut a deal with Kevin. I don't know. That's what we're working through.

GLENN: And is there somebody that you think everybody could agree on?

CHIP: Look, I think there's -- here's the problem. If I go out and say, I think person X is the guy. Then that might poison person X. So like, we're having conversations. I promise you, there are people that would surprise you that are in the sort of center of the world, around McCarthy, who are having conversations openly.

Or, I say openly. I mean privately with us. But having conversations.

But let me give you an example. I nominated yesterday, two guys on the floor. I picked one. Byron Donalds is my first vote.

Why did I pick Byron?

Because Byron is a second-term congressman, who is not sullied by the swamp. Successful businessman. Father. Conservative. He's a friend.

Proven track record. Worked in the -- in the Florida legislature. He's a good man. The Speaker doesn't have to know the ins and outs of the swamp to make it work. And, in fact, we would be great. It would be a breath of fresh air, who doesn't come with a taint of the swamp. So I picked Byron Donalds.

Second, I nominated Jim Jordan. He's been here longer. But he has a history and track record of fighting the swamp. That's the whole point. Kevin doesn't have that, okay?

So if we're cutting a deal with Kevin, we better damn well get the rules that will box him in. Otherwise, you have to have a deal with a leader, who you can trust to break the swamp. To break the cartel, that is destroying our country. Spending money we don't have. Leaving our borders open. Continuing to power bureaucrats that undermine our freedom. We have to stop it, Glenn. The tools we need, have to give us the tools to stop, continuing to do the things we have been doing, over and over again, while every Republican comes back and campaigns. And it comes to this God forsaken town, and throws our country down the drain, and undermines everything that the men and women in uniform has fought so valiantly to save for our kids and grandkids. That's what this is about.

GLENN: Do you have -- are you fighting for, or do you already have enough power of investigation, to be able to answer the questions that must be answered this year. Must be answered.

CHIP: So I would say, we're going way down the path of organizing. And we have to fire and we're ready to go after a lot of the enemies that need to. Jim Jordan and the Judiciary Committee, for example. And we've already been having lots of conversations and meetings. Everyone is freaking out, oh, you don't have the Speaker. It's like, hold on. Twenty-four hours. Forty-eight hours.

The world is not going to implode, if we don't have a Speaker in place, while we try to get it right. But we're ready to go, on a lot of things. You ask me, do we have everything?

I think we need a more aggressive expanded church committee style effort to go after the government.

I think that we got some headway in that. There were some offers to do it. That was -- I think good conversations were going on that. They kind of stalled on Monday night, around other factors. So I think we made headway. And we're in a good place, to be able to do something good with that. But we have a lot more to do.

GLENN: Do you see us -- where it went on for 130 votes.

Do you see us in an 1856 or a 1920s kind of situation?

CHIP: Well, right now, we're through three votes. We will go there in an hour and 15 minutes. We know there will be at least a fourth.

My guess, there might be a fifth or sixth.

And we will continue to have conversations today.

Like I said, Kevin doesn't have the votes. So we have to work through on getting it there. We'll either get it through fixing the rules and getting it to where we can protect the American people. And do what we said we would do, to stop the swamp. Or we need a new leader. Or both. But we're working on it as hard as we know how to do. But the American people need to be patient, knowing there's a group of people up here, fighting for you. That's what this is about. Fighting to defend the American people against the swamp. That's everything we're trying to do.

GLENN: And the most effective thing any listener can do?

CHIP: Call your member and tell them to stand with us. To get what we need to get to stop the swamp. And that means Kevin McCarthy needs to come to the table. Or we need a new leader. But don't walk away, because you're hearing people go, oh, my God, you might end up with a Democrat Speaker.

That only will happen if Republicans vote for a Democrat. If Republicans vote for a Republican, you will get a Republican Speaker, and we will keep working to do that.

GLENN: Thank you so much, I appreciate it. Chip Roy from the great state of Texas. Congressman from Texas.

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The ONLY Trump/Epstein Files Theories That Make Sense | Glenn TV | Ep 445

Is the case closed on Jeffrey Epstein and Russiagate? Maybe not. Glenn Beck pulls the thread on the story and its far-reaching implications that could expose a web of scandals and lead to a complete implosion of trust. Glenn lays out five theories that could explain Trump’s frustration over the Epstein files and why Glenn may never talk about the Epstein case again. Plus, Glenn connects the dots between the Russiagate hoax, the Hunter Biden laptop cover-up, and the Steele dossier related to the FBI’s new “grand conspiracy” probe. It all leads to one James Bond-like villain: former CIA Director John Brennan. Then, Bryan Dean Wright, former CIA operations officer, tells Glenn why he believes his former boss Brennan belongs in prison and what must happen to prevent a full-blown trust implosion in American institutions.

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Rumors explained: Is Fed Chair Jerome Powell OUT?!

After rumors spread that President Trump would soon fire Federal Reserve Chair Jerome Powell, Trump has said that he's "not planning" on it right now. But is it possible for Trump to fire him? Will he resign? And how is the Fed Chair even chosen in the first place? Glenn and his head researcher Jason Buttrill explain ...

Transcript

Below is a rush transcript that may contain errors

GLENN: Well, last night, I was rapidly looking the lie some of these rumors, on X.

Pretty incredible people on what's going on with Jerome Powell and the fed.

What the heck?

I was actually popping popcorn and watching this. It was so crazy.

GLENN: So it's just the rumors, that he is going to be stepping down?

JASON: Well, yeah.

Yeah. Anna Paulina Luna. Congresswoman. She was saying, it was almost imminent, that he was about to be fired. Actually fired.

There were other rumors saying, well, we're not sure about fired.

But he's considering resigning.

GLENN: Yeah. You know why.

JASON: We were like, what the heck is going on?

GLENN: So do you know why?

Do you know why he's resigning? Any guesses? I mean, you had popcorn out. I would love to hear what you have come up with.

JASON: So there was the CPI stuff coming out. The interest rates going up.

We know that the President wants interest rates to come down. I'm assuming that is what the deal is, and there's some sort of internal battle going on.

GLENN: Well, and the president can't fire the Fed chief. Okay?

So the Fed chief is the one that nominated. The federal reserve is the biggest crock of bullcrap I've ever seen in my life.

It's nothing, but the five biggest banks. Okay? And you know which ones they are. They're the ones that keep getting bigger. And everybody else is falling to the wayside.

So the Federal Reserve is the arm of those five banks.

Okay?

And they suggest, who the president can select from.

So the president can't say, I don't want any of these guys. I want this guy. Can't do it.

He has to take a look at the list that all the banks have put together. Is. Say, pick from this list, Mr. President.

Did you know that?

JASON: It's kind of how Iran chooses their next president.

GLENN: It's exactly. It's exactly that way. Except, this religion is all about the almighty dollar.

Okay. So he can't -- he can't pick on his own. But the president has a right to pick one, you know, every term. If it comes up in his term.

The president wants this guy out. And I think he's been really, really bad.

Because he's been wrong on almost -- on almost everything. But show me the -- show me the Fed, you know, the guy who the Fed was right ever.

So he can't fire him. But he wants him out. Because he wants interest rates dropped.

And, you know, the jobs are coming back. Things are coming back.

But interest rates keep coming up.

And the -- and the interest rates, if we keep our interest rates high, we have a harder time borrowing money for our debt.

And it just gets more and more expensive for everybody all along. So the president wants him to back off interest rates. But the Fed chief believes that that could cause more inflation.

Which I think he's right on that one. And I hate to say he was right on anything.

Because I don't think he was ever right.

Makes me question myself. When he's like, well, I think he might have a point on that one. But the president is like, no. He can handle it.

I want them down. I want cheap money again.

He refuses. So what has the president done?

The president can only fire him, with cause!

So what do you do when you can only fire somebody with cause, and you want them out.

You find a cause, and this one is easy.

So the Fed has been the one leading the way saying, we can't keep borrowing money.

We've got to have some fiscal sanity. Right?

This is going to kill us. We have to keep these interest rates high, because you are borrowing too much money. And maybe this is the only way to stop you.

So we got to keep it high, because you've borrowed too much money. And how many times has he testified in front of Congress? We've got to cut. We've got to cut. You can't keep spending like this.

Okay? Well, did you know that the Federal Reserve, with our tax dollars, the five biggest banks, a/k/a the Federal Reserve, is redoing their offices. To the tune of two billion dollars!

Now, I don't know what kind of wallpaper they need there.

But that seems like a pretty hefty renovation, especially when everybody is looking at cutting things. And you're lecturing me about spending money. So they get money from the government, okay? They're telling us, stop spending.
Stop borrowing.

Except, okay. What you've borrowed. I need $2 billion of that, to redo our offices in Washington, DC.

Excuse me?

Why don't you do that yourself. Okay. I think banks maybe have some money.

So they're borrowing that money, and there's $700 million over.

So it's $2 billion. $700 million over budget. And they're still not finished.

And the problem is: They're putting in water features.

They have a rooftop garden they're building.

JASON: Okay.

GLENN: I mean, it is -- it's insane. The president now knows, really? You want to play this game with me. I will sit your ass down in front of Congress, and you answer to the American people, how you're lecturing us about spending. And you're putting in a rooftop garden and a water feature in your office. No! No.

So the president is now threatening, I'll fire you for this. You want to quit, now would be the time to quit.

Otherwise, I'm dragging your butt in front of Congress.

You answer to the American people for this. And they will beg me to fire you.

That's what's happening.

JASON: I looked at that a lot.

Because I was like. There's got to be some leverage that the president had, because they can't get rid of.

But that is a pretty big cut. That sounds like a Babylon Bee article. $2 billion.

GLENN: It does. It does. $2 billion, 700 million over budget.

JASON: Oh, my gosh.

GLENN: I mean, and these are the responsible bankers. No, I don't think so.

It just shows, they don't mean what they say. They'll just keep doing it for themselves. You know, if you really believed that America was really on that financial cliff, why would you do that?

You would lead the way and say, guys, we are going to be the only responsible ones here.

We will lead by example.

No renovation. You know what, go to IKEA?

You need a new desk. Go to IKEA, and get a new desk. Well, we have to keep up our image. We're not going to have a country.

So what do you say, we go to IKEA?

Our image should be, we are going to lead the way out of this madness!

That's what a leader would do.

JASON: So, Glenn, I still don't think I get this disconnect between Trump and Powell on -- we know Trump wants to lower interest rates.

Powell is standing back and saying, basically, he doesn't want to do it.

Is he trying to undermine President Trump on this?

GLENN: President Trump thinks so. President Trump thinks so.

I think so, to some degree.

I mean, I'm worried about inflation.

Look, you know what happened. Do you know what's happening with yap?

JASON: What's happening with Japan?

GLENN: So what's happening with Japan, is Japan has always had this really amazing image of, we're solid. We're absolutely solid.

This is target to crack. The foundation.

1989.

Let me go back to 1989.

This was the crown jury trial of the global economy.

Back in 1989, you probably aren't old enough to remember.

All of a sudden, Japan owned everything in America. We were just becoming Japanese, and everything was being purchased by Japan. Kind of like it feels a little bit like China now.

JASON: They even owned Nakatomi Plaza, Glenn, that Bruce Willis had to save -- they owned everything in every '80s movie!

GLENN: Oh, yeah, they owned absolutely everything.

Okay? And the -- things were so insane in Japan. The grounds of the imperial palace, in Tokyo, on paper was worth more than the entire value of the state of California.


JASON: Wow!

GLENN: Okay?

So their land. Everything just shot up. And so they had all of -- they were flush with all this cash.

And people believed that Japan had suddenly, you know, cracked the formula for, you know, eternal prosperity.

That's the problem. Then it all started to fall apart. And the asset prices. That they had mortgaged against.

Okay?

They had borrowed. Well, the imperial palace was worth more than California.

That doesn't make any sense. You wouldn't mortgage it like that. At least long-term. I will do this real quick, and pay it off.

You would never, ever mortgage, because you know that's inane. Well, nobody ever wanted -- and it seems in governments, nobody ever wants to believe that this is just a fluke. Okay?

So the asset prices collapse. The stock markets plunged. And for three decades, they have gone into this very polite political coma.

Okay? Economic coma. And so the central bank did something radical. They were the first ones to set your interest rate at zero. They lowered the interest rate. They made money so cheap, it was nearly free. Zero percent interest. Sometimes, they would pay you to take out money.

So the -- they had negative interest rates. Can you imagine that? Now, you're not fixing the problem. You're just printing wallpaper to cover the mold. All right?

So they've done this for decades.

Now their debt is I think 260. Or 280 percent of their GDP.

I think, what is ours?

100?

80 percent.

Something crazy. 120. You never believe back.

The death threshold is usually 120, 140.

They're 260 percent of their entire economy is debt.

That's not a crack. That's a fault line.

So this week. Or was it last week? Things started to creek and grown in Japan.

And the government bonds, which are like our treasuries. Is this getting too complex.

Are you following this still?

JASON: Yeah.

GLENN: Okay. So their government bonds.

They were the safest investments on earth.

One of them. Okay?

It's us. Japan, Germany.

They started to fall.

Hard. And when bond prices fall, interest rates were the easily go up.

All right?

So they borrow all this money.

260 percent of their GDP is borrowed. Okay?

So they borrowed all of that money. And they had it at like 3 percent interest. Whatever.

2 percent interest.

And they were paying people.

2 percent.

Well, all of a sudden, the cracks started to appear. And people were like, I'm not sure this is stable at all.

And then the belief of the system started to -- to go away. So people started selling their Japanese bonds.

Once they do that, now the yields have to go up.

What happens when yields go up?

What happens when interest rates go up? For a government. You have to pay more interest on your debt!

Okay?

You add two or three points.

Just imagine, you have an adjustable rate. Okay?

This is a government having an adjustable rate. Except, they have 260 percent of everything they make, in debt!

And it's all leveraged.

And now, their adjustable goes up two, three, four points.

You're not able to afford that anymore, okay?

So massive problem.

Because what it really means is. People don't believe in Japan.

They know the con game is now over.

And investors are saying, you know, I want a whole lot more in return.

Because I just don't believe you anymore.

And it's not just Japan's problem. This is not a neighbor's house on fair.

This is -- imagine we're all living under the same roof. This is the neighbor's apartment, on fire.

We're all under the same roof. We all have the same foundation. And so when this happens to Japan, you should pay attention. And I'll show you the ripple effects in just a second.

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(music)

GLENN: Okay. So now if Japan -- that means there's a stampede out of Japan.

And people are starting to look and reprice the risk of their money.

Now they're like, wait a minute.

The most stable. You know, if you're driving a car and it is the safest car in the world and all of a sudden, they just start blowing up on the highway.

You're like, I don't think that's the most -- that's the safest car on the highway.

And if that's the safest car, what does it mean for the car I'm in?

You know what I mean? So now, this is going to push US interest rates going up.

Which makes our mortgage rates go can up. And our car loans more expensive. And the national debt. Which is already costing us $1.2 trillion a year, just in interest.

Now, they can't sell their treasuries. People are skittish on treasuries. Maybe they come to the United States, but they're not so far.

They're getting out of the Japanese interest. Or the bonds there.

Japan has to pay their bills.

What do you do when you have to pay a bill?

And you don't have any money coming in.

You don't have enough money coming in. What do you do?

You sell something. Right? You sell your car. You sell something that you have of value.

Well, what do they have? What do they hold of value? US Treasuries.

So now, we are trying to sell our bonds, for our new debt, they hold our old debt.

They're saying, hey. Anybody want to buy this debt? Because I have to sell it. Fire sale. What do you give me for it?

Okay?

Which makes that debt more attractive, because they can get a better deal there.

Which means, if we want to have new debt, we have to raise our interest rates. Which means, we pay more for interest for our mortgages and everything else.

And it floods the market with bonds, crushing the prices, skyrocketing the costs for us.
And causing even more trouble, in other countries, that have US bonds. Because they start to look and go, nobody is buying these bonds.

Well, of course not. You have two countries. The two stablest countries besides Germany.

You have the two stablest countries now selling US Treasury bonds.

Okay? Really, really bad.

Now, let me add this on.

Germany is now having to pay for their own army.

And so they said, they're going to borrow money.

To build the army.

And they're going to lower their interest rate. So they can borrow more money. All right?

And now, the German bund, which is -- you know, like our Treasury. That's now starting to fall apart.

Well, Germany has some assets, they can sell.

What do you think that asset might be that they want to sell?

US treasuries.

We have been playing an extraordinarily horrible game.

This is why I believe the president wants somebody else in charge of the Fed, because the Fed can say, we're lowering the interest rates.

Because he's got to get more money into the system. So people can spend money, can start businesses. Borrow money.

Get things moving, so we can increase the amount of taxes that we collect.

The more people money -- the more people make, the more taxes we collect.

So he's like, we've got to grow the economy. And the only way we can grow the economy is to lower the interest rates.

But at the same time, interest rates around the world because of what's happening with the bonds is going through the roof.

We are in a very -- we've never been in this position before.

THE GLENN BECK PODCAST

Why the Term "Conspiracy Theory" is CIA-Created Weapon for Control

Conspiracies are of course real and occur every single day. But yet, many in the media and elite political circles attempt to use the term "conspiracy theory" to smear and discredit those who are skeptical of conventional narratives. Where did this term come from and how should we understand it? Journalist Alex Newman joins Glenn Beck to break this down and how it impacts the world as we see it today.

Watch Glenn Beck's FULL Interview with Journalist Alex Newman HERE

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Chalkboard Breakdown: How George Soros & the 'Deep State' funnel YOUR money to radical groups

Where do these massive left-wing radical groups get all their money from? Much of it is effectively a scam that occurs using your tax dollars to fund these groups that you would never support on your own. Glenn Beck heads to the chalkboard to expose the connections so you can visualize exactly how someone like George Soros manipulates the system.

Watch the FULL Episode HERE: Deep State ON NOTICE: New Tech Traces the USAID, Globalist Money Trail