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RADIOSeptember 14, 2022

Expert gives the ACTUAL reasons why gas prices decreased

‘Falling gas prices give Democrats a sense of optimism for November,’ The Hill reported earlier this week. But that doesn’t mean Democrats deserve ANY credit. Financial expert Carol Roth, author of ‘The War On Small Business,’ joins Glenn to explain the ACTUAL reasons gas prices have dropped and the one way Biden actually is just making it worse. Plus, Roth and Glenn discuss whether the coming energy crisis could lead to the federal government nationalizing the entire industry…

Transcript

Below is a rush transcript that may contain errors

GLENN: Carol Roth, the war on small business author. And former recovering investment banker, that actually can break things down and talk and explain what things mean to the regular schlubs of America.

Welcome, Carol. How are you?

CAROL: You know, just enjoying the Biden economy. How are you?

GLENN: Oh, my gosh. That party yesterday was absolutely incredible. Incredible.
(laughter)
I mean, it was surreal. They were celebrating that the interest rate is coming down. Can you explain what happened with the interest rate numbers. The CPI numbers.

CAROL: All right. Well, James Taylor was there. So we saw fire. And we saw rain. We saw a revery hot CPI report yesterday. As we know, the CPI is one of the measures of inflation. And one of the measures of consumer inflation. We do know it's understated because they have messed with it, for the last several decades. To underplay it. But it's still a benchmark to sort of compare. It was considered hot by all expectations. We knew there was going to be some decline, in the headline number, because of the sharp decline in gasoline prices.

GLENN: Wait. Wait. But could you explain why the price of gasoline was going down?

CAROL: Sure. So before we get to the nitty-gritty.

GLENN: Yeah.

CAROL: So there were a couple of reasons why gasoline is come down. Some of it was our president pulling a little bit of a stunt, pulling oil out of our oil reserves. And putting it out in the markets, to kind of depress it. Some of it was artificial, because the gas taxes have been on hiatus in certain locales. But the biggest reason, that the gasoline prices are coming down. Because of the price of oil is coming down. And the biggest reason the price of oil is coming down is because the price of oil got too high.

It's just pure demand destruction. There's a saying in the commodities market, that the best cure for high prices, is high prices.

And that's we saw. Not only here in the United States, where people maybe decided not to take a road trip. Or reroute their lives. You know, so they're not using as much energy. And particularly gasoline. But also, on a global stage. Obviously, the prices are going through the roof, as we know in Europe. Completely self-inflicted.

But, you know, again, they're having to make those same choices. And then China, as we've discussed previously. Is having its own issues. And particularly, with parts of that country, being under lockdown. And being a top consumer of oil. They weren't using it.

So the demand destruction, is that reason. That big reason, that we had to decrease in oil. And then decrease in gas.

GLENN: So just confirm, this is a good way to look at the words demand instruction. Because you'll hear people to say, what we're looking for is demand destruction in the oil prices. And blah, blah, blah. And, you know, it just kind of goes over people's heads. And I describe it today. Every time you hear demand instruction, put your fame. So Carol Roth, your bank. Your bank account. At let's say Bank of America.

What they're looking for. What they're really looking for, is Carol Roth's bank account at Bank of America to be destroyed. So you don't have the money to go and buy the things. Correct?

Looking to price things so crazy. That you can't -- you can't afford it.

CAROL: Yeah. It's the outgrowth of high prices, that basically Carol Roth says, you know -- I'm looking at my bank account. It's being destroyed.

And there's no way that I can go on that road trip. So I'm just not going to be one of those people in the market, who is purchasing gasoline this month. I'm going to take a reprieve. I'm going to work from home. That's part of the whole story of the Federal Reserve. What they're trying to do to, quote, unquote, slow down the economy. And engineer their -- another big -- you know, kind of financial speak. A soft landing. Trying to quell inflation without tanking the economy.

And that's their tool kit, is all about demand destruction. They don't want the consumer to purchase. They don't want businesses to make investments. And we've already had two quarters of negative growth.

So if they're trying to get the economy to slow down, you know what that means? That means more contraction.

GLENN: Okay. So that's why gas is going down. And that was really the only thing that went down. Right?

We had food prices skyrocketed.

CAROL: Yeah. It's crazy. I saw a stat in there, that food in the house, it was something like they were in the highest levels since the late 1970s. '79, I think. So we have hot numbers in food, in shelter. In medical care services. This isn't like ancillary stuff. This isn't the fancy clothes. This is the stuff that you're -- you know, you need to be able to live your life.

And it was the -- the fact that we thought, maybe -- the lower energy prices would flow through, no pun intended, a little bit more of the economy. But it's just shown that we have a very broad base, in terms of inflation. It's not just coming from that one pocket. It's not just Putin's fault, Glenn.

GLENN: Right.

CAROL: And that is going to take a long time to come back down to normalized levels.

GLENN: So we have something else to add on top of that. And you can call it climate change or just a bad season, or whatever. But I was talking to my aunt, who is like 85 years old, yesterday.

Quite a conversation. I said!

Anyway, she was canning yesterday. And she was like, there have been no peaches. No beans. She said, we planted our bean garden three times. We had a hard time even finding seeds for it.

There is -- we are facing a real crisis just because the crops didn't come through, and that's happening globally. You add to that, all of the other problems. We haven't seen -- we're now just about to get into the time, where we would be using this summer's crops. Correct?

So food prices still have a lot way to -- a long way to go. In the up direction, don't they?

CAROL: They do. And that's part of the issue. Why I'm sort of banging my head against the wall, in terms of these discussion points. Because as we talk about the demand destruction that the fed policy is trying to enact.

Our issue is the broad-based supply issue. And as you mentioned, one of the areas that is undersupplied is food. Part of that, as you mentioned, because of weather events. Some of that because of fertilizer shortages. Some of it is because of by-products from energy that go into dry grains. Some of that, because of, you know, war in Ukraine.

But all of these things happening at the same time, are creating those shortages.

And again, as the consumer decides what to substitute. They may be able to substitute to a lower cost food, but they can't substitute food. And that will continue to be an issue, all across the globe.

GLENN: Well, they can't eat bugs. They're supposed to be very, very tasty.

Okay. Hang on just a second. I want to ask you a couple of things about the fed, and what they're planning on doing. And I'm reading some disturbing things, that I would just like -- talk me down from the tree. We'll do that in 60 seconds.

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So a couple of things, let's -- let me start with the fed. I am -- I am reading now, that the fed is going to raise the rates again.

But as astonishing as it seems to me, that we are at these historically speaking low rates. And it's going to stop the heart of the economy. They're saying now, the next rate, or rate hike. Or two. Could just put us into a tailspin. Do you believe that?

CAROL: I do. If you go back to Janet Yellen, our, quote, unquote, esteemed Treasury secretary. The one that told us that inflation would be transitory. And that they needed to get information on $600 e-commerce transactions to keep the billionaires in check, Glenn.

She was on -- one of those weekend shows. And she said, basically, that they fed is going need to a great deal of skill. And also, some luck to achieve this soft landing. Trying to bring down inflation, without taking the economy.

Well, we know on the skill side, we know that they don't have the skills. You know, they were behind the curve in terms of raising the rates to begin with. They waited until we were at, you know, historic 40-year highs, before they even started thinking about reversing course.

So obviously, we know that probably is not -- that the skill part of it. The luck part of it isn't on our side either. Because they don't have the right tool set. As we've been talking about this supply side, versus demand side. And the demand destruction. Their tool set, in terms of raising the target interest rate. As well as potentially reducing the assets under balance sheet. Although, I don't know if they'll ever get around to that. That, again, is to destroy demand.

It's just to have the consumer slow purchases. It's to have businesses slow investment. First, they have the government that's working, you know, against them on that. The government policy is spending more. So those two things are at odds. Which makes absolutely no sense.
But the problem we have now, isn't a demand side issue. It's a supply side issue. As we've been talking about, we have brought under supply. So unless the fed knows how to print labor, print food, print oil, print housing, they are not going to be able to solve for that -- for that Delta, that distance between supply and demand without completely slowing the economy to the point that we are in a severe recession. And that is what the market is signaling, both the stock market and the bond market right now.

Is saying, boy, we don't have the confidence, that the fed not only has the tools, but that they aren't going to put us in a worse situation. And on top of that, then you also have the global economy, you know, in tatters as well. Which isn't a lot -- not a lot. So I'm not real bullish on the skill and luck of the fed right now.

GLENN: So I was in -- I was in Italy last week. And just talked to people. Sit at a restaurant or whatever. And we just talk to people. And one of the more disturbing trends that I heard was, you know, that -- that things are getting really bad. And one person described it to me, as the winds of revolution are sweeping Europe.

Because -- and it's fascinating. Everyone knew, it was the same problem, we have here. The elites are going in one direction. And the people are going in another.

The people are saying, give it back to us. And the elites are saying, give it all to us.

And that's not going to last. And I kept hearing things like, we're just going to have to learn to -- that the this year days of having things that you wanted, and easy lives, are over. Can you describe what that means?

That Americans are just going to have to live a different kind of life.

CAROL: Yeah. It's so frustrating. That, you know, we have the leading economy in the world.

And you have all of these first world countries, that really have spent time, using their technology, to help other countries. And to help lift up human flourishing around the globe. I mean, if you think about China, and what we've done in terms of the extreme poverty there.

Lifting out 90 percent of their population, from extreme poverty. Because they were able to trade with us. And basically suck up some of our capitalism into the communist system. You know, that's what we should be doing. We should be taking that leadership, saying that we know how to do things the best way. And we're going to help everybody flourish. Instead, you have these elites, no. You know, we want this to be a third world country. And we want to be in a dictatorship. Where us at the top, have our own set of rules, and have all the power. And you just suffer. And you're going to have to suck it up.

And, unfortunately, there are some people, who will go along with that. Yeah. You know, crisis. We have to do all this together. Kind of what happened with covid. But we should have happened over the past two years. That they don't have our best outcomes.

GLENN: Interest.

CAROL: Yeah. Outcomes at heart. And they will do anything. Lie. Completely do anything they can to get and usurp that power. And we've already seen, you know, smaller amounts of civil unrest, you know, in developed countries. Whether it was the freedom convoy, or in the Netherlands with the farmers. And, you know, you're right. This could end up becoming a much bigger issue. Which, you know, if it changes the tide. You know, in a sense, it may not be the worst outcome. Not that obviously, I ever want to see any sort of violence or unrest. But we need to change the tenor, and the people need to take back common sense and sanity here.

GLENN: So the -- the one thing that kind of makes sense to me. Is -- you know, if you're somebody who wants control of things. You need to control medicine. They do. They need to control education. They do.

But they need to control energy. You know, I'm seeing this happening in Europe because they're ahead of us. And they're all -- people are going to freeze to death, this winter. They will freeze to death. And people did be able to pay their power bill. Which will put the energy companies into distress. And they won't have the money to do it. Because people aren't paying their bills, et cetera, et cetera. And I just think the government will step in and say, they couldn't get it done. This needs to be done by the government. And you could see the West just taking and absorbing all of our energy companies. Do you think that's a possibility?

Because I think it's likely, at least in Europe.

CAROL: I mean, so if you think about the desire to nationalize, control, have sort of a public/private partnership. At least in the US. California is sort of our incubator for that. And they're starting to test that in a lot of different realms. They just put together that fast recovery act. Which is going to be a state council on fast food. So they'll manage the fast food industry.

And, again, that is a step to try to nationalize these industries. I definitely see a place. We've already been hearing from the U.S. and abroad about things like price caps. We have a big problem in Europe, in terms of the way, they have kind of financed themselves, and a potential collapse of, you know, some of the energy companies and utilities out there. So, yes. You're going to have some -- the governments come in with a bailout. And then they may use that as an excuse. Well, we're bailing them out anyway. They can't manage them. We need to take this over. So whether it's food. Whether it's energy.

Whether it's any aspect of our economic freedom. These crisis are their touch points.

And, again, self-inflicted crisis. In order for them to say, we created the problem. But don't look at that. We'll fix that for you.

GLENN: Carol, will you do me a favor? I would like to do a special with just a group of experts, that can tell the average person, what's coming, and how do we deal with it.

I mean, it's so overwhelming to the average person. And I don't think, because people make it so complex. Because it is complex.

But they make it so complex, that they -- they don't even think about breaking it down into smaller bite sizes, that people can understand. So can you find a bunch of people, that you really think get it. That maybe can sit around at a roundtable, and maybe have a conversation about this.

CAROL: Yes. I would love to be honored to. And I will be in touch.

GLENN: Okay. Good. Carol, we'll talk again. Carol Roth. Carol Roth. Make sure you follow her. She's really, really spot-on. You can follow her at CarolRoth.com.

Also, tonight is a special on the energy crisis. And the collapse that is coming for Europe and what it means to America. Not just the explanation. But what we need to do about it. That's tonight. BlazeTV.com.

The U.S. dollar might CRASH. Here's how YOU can prepare.

The U.S. economy is in trouble, and Americans are feeling it. But thanks to central banks around the world, it’s not just the U.S. dollar facing a potential collapse. In this clip, Glenn explains how the world’s central banks are ‘DESTROYING EVERYTHING.’ He explains how — even though it may seem like it’s gaining strength today — the U.S. dollar is facing a potential crash…a crash that could potentially turn America into Venezuela overnight. So, it’s best to prepare for all worst case scenarios NOW. Glenn provides actions YOU can take to prepare today.

Transcript

Below is a rush transcript that may contain errors

STU: So, Glenn, you have the big special last night on the economy.

And I find it to be a really fascinating situation right now. Let me give you just a couple of stats that I see.

GLENN: Yeah.

STU: The pending home sales, in the United States. Down 22.5 percent year over year. That's as low as the 2008 financial crisis. And almost as low as the covid collapse, which you might -- you might remember, we basically shut down the entire world, in March and April of 2020. It's that bad.

GLENN: Yeah. So nobody was really buying houses at that time, because you couldn't leave your house.

STU: You couldn't leave your house.

GLENN: So it's a little better than that.

STU: A little better than that.

GLENN: A little better than closing every business, every bank, every real estate office. All transactions stop. It's a little better than that.

STU: Yeah.

GLENN: Okay.

STU: Liquidity positions in the US Treasury market. This is measured by Bloomberg. It is as bad as March 2020 basically. As bad as March 2020.

Then you have this situation, which I find to be fascinating. If you have -- if you want to pay $2,500 a month on your mortgage. Okay? $2,500 a month, with 20 percent down.

Typical sort of situation, you might be going to buy a new home. As of a year ago, you could afford a house that was $759,000. With that outcome, 20 percent down. $2,500 a month.

$759,000 a year ago.

Now it's $476,000 because of all the interest rate changes, all of the inflation, and all of that.

Now, at the same time, almost every currency in the globe is going through the basement floor, and the U.S. dollar is the only one that is showing any strength.

So how do you look at all of that? And come up with some grand unifying theory, as to what is going on?

GLENN: The central banks are destroying everything. They're destroying everything. They all got bailed out. You know, the -- and I don't -- I don't -- I'm not qualified. Nor, do I feel appropriately equipped to talk about liquidity in the bond market. That's something that can be saved for CNBC. It just means that those people, who are in the, you know, stock game, the liquidity is very low. Meaning, there's not a lot of access money slashing -- sloshing around. So if things go down, there's no money there, to be able to bail things out. That is the central bank. What they've been doing. They've been printing money. So there's still plenty of money. Okay?

So that means, that you're going to have to start printing money. That's what happened yesterday, in England.

The -- the union pensions, all went under. Okay?

Just -- it folded up. There's no way we can -- we can pay for any of these pensions. Folded up. And so the Bank of England, who just swore, we're not printing any more money. Inflation is already out of control.

They said, except for now. We're printing money. And they just started printing money, like there's no tomorrow.

So the bond market. The stock exchange over there, went up. Why?

Because the people who are playing the game, and getting the money, from the central bank, they're like, okay. Great.

They're printing money again. Plenty of money. I'll make some more money here. I'll put it back into the stock market, and I'll make money. And then I'll pull it out. This is a game that does not end.

You cannot get out of this. This is something I've been warning about since 2008. And they're not going to tell you. I'm going to -- I'm going to attach a name to something. Because I really respect this guy. And I would have never expected him to say something like this. But he really believes, and so I'm attaching a name. Because I think he's a good guy.

And it just shows, if the good guys are thinking like this, what are the nefarious ones thinking?

I was on Neil Cavuto 2007, and I laid the case out, that we were going to have a collapse. And -- and he pushed back, and pushed back. And I have no problem, if people disagree. In fact, I said, Neil, if you disagree, please, I want to know where I'm wrong. I want to be wrong on this. It just doesn't look like I'm wrong.

We finished, and Neil, who, again, I believe is truly a good guy.

He looked at me, and -- sorry, he didn't look at me. I got up from the table. I said, thank you, Neil. That was good. And he said, you're the most irresponsible broadcaster, I have ever met.

And I said -- and that was crushing to me, because I like Neil. And I said, what?

And I said, what do you -- what -- why -- what did I get wrong? Why didn't you say what I got wrong? Because I want to know.

And he said, no. You're not wrong. We just don't say those things. That causes panic. And panic causes things to get worse.

And I -- my -- my point of view was no. By not telling the American people, what is possibly coming, causes even more panic, when it comes.

The reason why I say this, and I've attached his name to it, for the first time, is because I respect Neil. I think he's a good guy. And there are honest people who have honest differences, on what to say and how to react.

But you have an administration now, and a media, that is doing nothing. They're doing nothing, but lying to you.

And everybody knows, this is a train wreck. So yesterday, the British pound, almost collapsed.

Why is the dollar going up?

Because the euro is going down. Because the British pound is going town. Everybody is on the verge of collapse.

America is the strongest place to put your money. Now, let me ask you this: You have to -- you have to put your product in a store. And you're responsible for everything that is sold, damaged, or lost. Where are you going to put your product? A CVS? In a part of town, that is just -- is getting ransacked every day?

You know, you're going to put it in downtown San Francisco, where people go in, and take the product, and just walk away with it. Are you going to put your money there?

Or are you going to put your money in a place, where it may not happen. But it is happening, but just not at that rate. Yet.

You, of course, put your product there, and stop putting your product in San Francisco. Correct? Doesn't that seem logical?

That's what's happening to the dollar. It's not that we're strong. It's just that, we're the last one to go.

And as I've had this argument with people, I've always explained it as the floatiest poop in the toilet bowl. Because maybe it will get people's attention. That all has to be flushed. Okay?

It is not going to last. It's not going to last. But people with lots of money. Institutions, you know, funds that are investing for other people. Where are you going to put your money? Where are you going to put it?

Tell me the country that is stable. Tell me the country that isn't on the verge of collapse. Tell me the country that didn't play the game of printing money, so they could spend more money.

Tell me the country!

You can't. There is no country. Did you see the video of China blowing up their ghost cities? Have you seen this?

They're taking the parts of the ghost cities, where they hadn't finished them. And I mean, 25 skyscrapers. Okay?

They looked finished. They're not finished on the inside. Twenty-five of them. Taking them all down at once. Boom. Blowing them up.

They're all coming down at once.

STU: It looks like the finale of Fight Club. Is what it looked like to me.

GLENN: It's crazy, isn't it?

STU: It's crazy.

GLENN: They're destroying them, because they can't let them sit there empty. So they blow them up and destroy. Because that never worked. What they were doing was printing money, that didn't have. To keep everybody employed. And build these ghost cities.

Now, what? Now, what?

So you have to start thinking, in a way that you've never had to think before.

And this is a global thing. People in England -- and I doubt they are. Because they don't have talk radio. They have the BBC.

And if you think I was on NPR, and would be allowed to have this conversation, you're fooling yourself. So try to get somebody on the BBC to say this. They won't.

You -- if you're in England, and I think that it's going to go well, it's not. And it has nothing to do with the new tax proposal.

The new tax proposal, lowered corporate rates, by one percent. 1 percent.

That's not going to cause an economic collapse. Okay?

That will actually spur things on. Not very much. Because it's only a 1 percent cut. It's no big deal. The other cuts, were already in the plans. They were already coming, were they not?

STU: Yeah. There's a tax cut for the average person, 20 percent. And 19 percent. The highest income bracket, went from 45 to 40. They say, the difference here is $5 billion. This is the -- the panicky thing. You know, the -- these estimates. $5 billion of tax revenue per year. Which, of course, is nothing compared to what they spent on covid. And is basically what they've already spent on Ukraine this year. Not us. But them.

GLENN: So don't send, what you were going to send to Ukraine.

STU: Or just stop spending the money on covid, which you should be doing anyway.

GLENN: Right. And you saved all that money. You've done it in a year. Save that money.

STU: It's a miracle.

GLENN: What's happening is the banks. The central banks have played the game. We are now coming to the end of that game. So now, what do you do?

I'm not going to talk at all about stocks or bonds, or any of that crap, that you'll find on CNBC.

They know more than I do, I'm sure. But let me tell you, for anybody who is not a big investor, what do you do?

Next.
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GLENN: Jeez. All right. So what do you do? What do you do?

I don't know what people are going need to. I just know people are going to be in need. So if we want to be a blessing to others, and yourself. The best thing you can own is food. Water. Natural gas, or, you know, propane.

Anything that are essentials. Toothpaste. Toilet paper. We are going to see real shortages. And that is going to be coupled with a stagflation kind of market, where people are losing their jobs. We're not growing at all.

And -- and people don't know what to do. You have to think like a German Jew of the 1930s. You have to start thinking that way.

You have to start thinking -- just like a German in hyperinflation. If you read any of the diaries of these people that lived back then, they said no one knew what hyperinflation even meant a week ago. Now it's all that people can talk about.
You have a chance, as we outlined on the special last night. There is a chance, we turn into Venezuela.

And that happens overnight. That is not something -- how does somebody go broke? How does somebody go abrupt? Over a long period of time, and then all at once.

You made decisions all along, and you push it off, push it off. Push it off. Then the straw that breaks the camel's back, it breaks. And you are out.

That's the way it will happen here. Hopefully, it doesn't happen. And I can't tell you for sure, what to invest in.

What to put your money in. I know food will never go out of style.

But will food be called hoarding, well, it was in Germany.

Art. Art. But how long does it take -- because there are going to be people that survive. See, they are just waiting you out.

The people at the top, are waiting you out. When you crumble, and you can't afford it, then they'll scoop in, and buy it at a wholesale price.

So what do you have? What do you have? Gold, silver. We're going to talk about cryptocurrencies? Just a second, with a guy who is going to be the head of the -- or one of the heads of the House financial committee.

When we come back here in about ten minutes.

He's going to talk to us about cryptocurrency and what all of that means. And what the government is doing. Right now, what are they doing?

They're collapsing cryptocurrency. Cryptocurrency, I bet you, if it was completely unleashed right now. If there weren't any governments saying, well, we're not going to -- cryptocurrency will probably be at $100,000 for bitcoin right now. You have to have food, water, land, a home, but not the stuff that you're so far in debt.

If you have high interest credit cards, anything that is high interest, or variable, get rid of it right now. It's better to have, you know, five or 7 percent loan on your house. Than a variable loan.

Because the interest rate could become crippling.

Now, what most likely is going to happen, is they're going to just start raising the rate. And raising the rate. And raising the rate. Until, everything falls apart. And then they're going to slash the rate. And at the time they slash the rate. Before inflation is fixed, that is your moment of we've given up. Escalation of inflation is our destiny. You'll start seeing them go to cryptocurrency and everything else. When America is it that, that's when the world really freaks out, and the game completely changes.

3 ways Dems used Hurricane Ian DESTRUCTION for political gain

If there’s one thing today’s far-left are good at, it’s using human tragedy for political opportunity. And even before Hurricane Ian made landfall, that’s actually what some Democrats decided to do. From Biden urging Floridians to get vaccinated, to the mainstream media’s onslaught against Governor DeSantis, and potential plans to politicize FEMA, Glenn shows how political gain seems to be the left’s current strategy as this massive storm hits our Gulf Coast…

Transcript

Below is a rush transcript that may contain errors

GLENN: So Stu, how excited are you? Wow. Where do we even begin today?

Well, let's start with Joe Biden. Here's the advice for anybody in Florida. Really important advice yesterday, from Joe Biden.

BIDEN: Let me be clear. If you're in a state where hurricanes often strike, like Florida or the Gulf Coast or into Texas. A vital part of preparing for hurricane season, is to get vaccinated.

GLENN: Ah, yes. Yes. Yeah. Much more complicated.

BIDEN: A natural disaster hits.

STU: This is great news. We have a hurricane vaccine? I didn't even hear about that.

GLENN: Yeah. You just have to vote Democrat. That's it, you vote for a Democrat, and no hurricanes.

STU: That's it! Wow.

GLENN: So he's right there on the front lines for you, America. And, Florida, he's there for you. We got to make sure that they get vaccines, because it will be very complicated, you know, when we're pulling you in from, you know, the water or off the roof of your house. I mean, we'll send a helicopter. But have you been vaccinated?

STU: Have you ever had a vaccine underwater?

It's really difficult to administer.

GLENN: It's very difficult. Very difficult. That's why you should have had it. You red staters. That's why you should have had it. By the way, so far, the president hasn't cauldron DeSantis at all. Can you give us cut seven, please. Here's a FEMA official, saying. Wait a minute. Why haven't you called yet?

VOICE: Can you articulate how those determinations are made. And why -- and why it hasn't been made in this case, to have the president call the governor.

VOICE: Yeah. The president is very focused on making sure that the federal family has the right resources available to support this.

GLENN: Have you been vaccinated?

VOICE: We have a team of my senior leadership that are embedded with the governor to make sure that we're supporting that. Our focus today is making sure that we have the right measures in place to support the life-saving activities that need to happen. Any conversations afterwards, need to be -- see what the damage is done.

GLENN: Yeah.

VOICE: But he's made conversations with the mayors. So is there any reason why not the governor?

VOICE: Again, we have a strong team that's in place, supporting the governor right now, working side by side with him and his staff. How are you working side by side, you haven't called him!

STU: I think they did eventually call him.

GLENN: Good. Good. Well, that's usually very low. I know when the fires and everything were happening. And that evil George Bush, who hates California.

He's like, whatever California needs, we're not going to supply it. In fact, I'm not even going to call and find out.

You know, I wish there was just one person we could call. Do you remember George Bush. It didn't matter what state. Even in Hurricane Katrina. He called and said, please, evacuate the city.

The Democratic leadership said, no. He didn't get vindictive about it. He was immediately there. And he even took the blame for all of it. Even though, he didn't deserve it. Same with the wildfires.

Where is Joe Biden? Have you been vaccinated?

All right. One other thing I want to bring to your attention. First of all, let me say this, and then we'll wrap that section up of Rick DeSantis. Ron DeSantis.

STU: Ron DeSantis.

GLENN: What you have to watch for here, is the media smearing Ron DeSantis. They're going to do everything they can, to make him look incompetent. They'll do everything they can, to make Florida look like a hellhole, that's just out of control. Guarantee it. Guarantee.

STU: Yeah. I mean, number one is obviously the concern about what's going on with the human life, and all the effects of the hurricane. But like, when you look at it from a national perspective. What we'll have here is a story over in the next few months. And actually in this case, the next few weeks. Is there are tons of people, starting with his opponent in the gubernatorial race. But also spreading to every government operative across the country. And every media operative across the country, who see Ron DeSantis as a real threat to Democratic power and have an opportunity here, whether true or not, to try to take him out, not in the 2024 election, but right now in the next few weeks. This is an election that is seven or eight points. Maybe five points in Florida. With DeSantis leading.

You know, if this goes poorly, and they can convince the American people. The people in the middle. Not the hard-core leftists. The people in the middle, who think that maybe Ron DeSantis does a terrible job managing this somehow. If they can convince him of this, they can take him out before this gubernatorial race, and then he's not a factor at all in 2024.

They see this as Democrats so often do. Human tragedy, they see as an opportunity.

GLENN: Well, I want to get into that here in a second. But, first, here's your opportunity to serve. Mercury One working with its partners. We are mobilizing on the ground with food, electrical support, communication support, and cleanup support.

We will be in first and out last. We need your help. Just go to mercuryone.org. And donate to our Disaster Relief Fund. We have many donors in Florida. Mercury One is there to help.

So please, if you can, donate now to mercuryone.org. And we will keep you up-to-date on the latest. And what we're doing. We're just waiting for it to come ashore. And then we'll spring into action. All right. The next thing I want you to know about is FEMA.

We found a paper. This is, oh, I don't know. Several years ago, this paper was written. He's a climate activist. And it proposes that FEMA could be weaponized to, into being reactionary to natural causes. It would be proactive. And it would operate as some sort of a green new deal enforcer. Well, we found this paper, and it says, quote, if the moment is seized, the current crisis and any renewed attention, it may bring to emergency management, can be an opportunity to recast it, as more vital and strategic component, of the future political landscape.

The paper laments that FEMA's previous restrictions when it comes to liberty, and their reluctance, to, quote, propose limitations on private property, end quote.

Really?

We were done with the talk of FEMA camps and Black Hawk helicopters.

No. You're not done with that. Let me put it back in here. For just a second.

This is The Great Reset. Now, have there been any changes at FEMA?

Well, yes. If you go to the FEMA dot-gov website, you'll see integrating sustainability into recovery. Now, it was updated July 22nd, 2020. So this is being set into motion at FEMA in the final months of the Trump administration.

But remember, there's no such thing as a Deep State. We have one of their guides, that is actually linked back to the Department of Energy, going green from the ground up. And the first section says it all: Quote, out of crisis, opportunity. And they're talking about FEMA going in, when there's been a horrible, horrible crisis. And the first question is: Why go green from the ground up?

Because we have the opportunity. And FEMA can lead the way. Saul Alinsky would be very proud. Identify a crisis. And if none exist, create one. And then rebuild society the way you want. Now, keep in mind, this is not from congressional committees. This is from a group of unelected Deep Staters. FEMA and the Department of Energy. As you scroll through the FEMA website, it looks pretty familiar, to stuff we've already seen someplace else.

In fact, it's a damn near carbon copy of the united nation's agenda 2030. The agenda for sustainable development. And their 17 sustainable goals are another carbon copy of what the Davos crew are saying in the World Economic Forum, and the great reset.

It's all the same. What they're significant is, if you actually like or need your high carbon footprint job. If you work in the oil and gas industry. Car industry. Coal industry. 95 percent of blue-collar worker, literally anything they don't like, it's too bad.

And the rebuilding of any city is going to come at a higher cost. Because they're just making it sustainable for the future.

To the new U.S. government bureaucratic great reset, liberty is a liability. As that FEMA academic paper stated. Private property is a limitation.

We'll keep our eye on FEMA, and hopefully they're bringing clean water, and then going home.

The Nord Stream pipeline SABOTAGE puts us ALL AT RISK

Was the Nord Stream explosion sabotage? And who was behind the attack? Was it Russia? Ukraine? Or Germany? No matter who was behind the move, Glenn explains, it puts us ALL at risk. Because destroying civilian infrastructure now is 'on the table' for Vladimir Putin, and this may give him enough reason to 'take his gloves off.' The stakes here are real, Glenn says: 'Water, electricity, oil, pipelines...ALL of our infrastructure is at risk.'

Transcript

Below is a rush transcript that may contain errors

GLENN: Okay. So I -- I am not sure, because of the hurricane, I can't get a -- a good grip on how America is feeling about this Nord Stream bombing. But that's what it was. We know that this was sabotage.

There's no natural explanation for it. And it would have somebody diving about 200 -- 220. 230 feet, below the surface. That is not something that your average diver can do. And this is encased in concrete.

So this is blowing up the concrete and getting to the pipeline, to blow that up. This is -- I mean, it's not -- you know, it's not going to the moon. But it is, you know, rather difficult to do.

So who did it? This is an explanation that it is so important for you to understand. This is now a non-military key infrastructure, that has been destroyed.

If Russia thinks we did it, they've already said, nukes are now on the table. That gives us a green light to use nukes. Forget about nukes for a second. Because if that happens, we all have 18 minutes. I'm going to the bar. I'm going out with a drink in my hand. But you've got 18 minutes. Family, meet me at the bar.

My wife would probably already be there. I've been there for months. Living with you.

Anyway, so forget about nukes for just a second. And let's talk about, what other things can Russia do.

This is non-military key infrastructure. Outside of the borders of Ukraine.

To date, as far as we know, combat targets were either in Ukraine, or were military targets, hit inside of Russia by Ukrainian Air Force or Special Forces. But the target menu, now includes key civilian infrastructure: Electricity, water utilities, energy production.

That makes Russia more dangerous than ever. And that would be true, no matter who carried out the attack.

MIDTERM UPDATE: What Republicans must do to WIN BACK the Senate

The midterms are just one month away, and the stakes for our republic have never been higher. If Democrats keep their current control of both the House of Representatives AND the Senate, America may never been the same. In this clip, Glenn and Stu run through the latest numbers: The races currently leaning left, those leaning right, and the ones that are becoming closer each day. These are the races Republicans MUST win if they want to take back control…

Transcript

Below is a rush transcript that may contain errors

GLENN: Average income lost under Joe Biden is $4,200. Gas prices have risen now, this is the sixth day in a row. And numbers are falling for the Democrats. But is it showing up at the polls yet?

STU: Yeah. Yeah. I think -- I just some of the early Democratic momentum pitch, that we have heard has started to fade quite a bit. We went through this on Stu Does America on Friday. We did our first sort of chalkboard magnet. All the states break down the Senate look. So give you a quick picture of this. The lay of the land, before any elections even start is 36 Democrats and 29 Republicans. That's because all the seats aren't up for election. So they start with a nice lead here already. In the likely category, probably not going to change. There's at least eight races there for the Democrats. There are 13 races on the Republican side, that are likely not really going to be all that close or competitive. Which brings you to 44-42. Some leaner races: Leaning Democrat right now, we have Colorado and Washington, which are two states that are -- the polling is favoring Democrats by a decent amount. You know, Republicans really like their candidate in Washington, for example. So there's some reason to watch those races. Though, they're favoring Democrats. Also, New Hampshire and Pennsylvania, we have in the leaning Democrat. Now, Pennsylvania as we've covered is completely insane.

If that's the way they go, they have a man who can't speak, as their candidate. But still polling showing them five points or more up in most of these polls.

New Hampshire just finished the primary. Right now, Maggie Hassan seems to have about an eight-point lead in that race.

Though, that one I can see tightening. It's been tighter in races before the primary, so we'll see how that goes.

Leaning Republican, five races there. A couple of just sort of weird races there. Which is Alaska. Alaska has the situation with the rank choice voting, going on. But it's really Republican versus Republican there. But then again, one of the Republicans is Lisa Murkowski. So do you count that? I don't even know.

GLENN: Yeah, Democrat.

STU: Right.

GLENN: But how is she performing in the polls?

Because the others dropped out, to kind of coalesce around Murkowski's --

STU: I believe Murkowski gets beaten when it actually occurs.

The fact that this woman ran a write-in campaign from the Senate and won. She won, a write-in campaign for the Senate.

The name goes a long way in Alaska. Murkowski. It's almost all Democrats voting for her.
I mean, that has really become the Democrats and moderates sort of going that way, where Republicans are going towards the Trump-favored candidate there in Alaska. So you'll get a Republican out of Alaska and for the Senate. It just depends on if it's Murkowski or not. I mean, she's one of the weakest Republicans you can find. Another weird one, we've talked about a lot, is Utah, with Mike Lee. He's running in a race against an independent. There have been some close polls in this race.

GLENN: I don't believe it.

STU: I don't believe it. I still this is a strong Republican scene. I think Lee will win there. It's closer than I think Mike wants.

GLENN: Mike always -- even when he's not running for reelection. He's like, you know, I have to listen to the people, because the people they can throw me out of office at any time.

STU: Yeah. Sure.

GLENN: And I think there's a part of Mike that, you know, wouldn't mind it, if it's okay, it's over. Go make money. Go do something with your life.

STU: That's got to be the feeling of a lot of people.

GLENN: Yeah, I think so. But he takes it seriously.

STU: Oh, yeah, and look, he should. This is a new tactic from the Democrats. This is what they're rewarding in Utah, if you vote for Evan McMullin.

It's a new tactic. Instead of just running a Democrat, they run a guy who says he isn't a Democrat, but just will vote like the Democrats every time. You can have that if you want. Normally that's done under the D banner. It's now done under the I banner.

GLENN: And they didn't run.

STU: The Democrats dropped out of the race completely, and just are letting everyone vote for --

GLENN: It's crazy. It's crazy. And you will see this in every election, if it works this time.

STU: Yes. Especially in deep red states. They will try to knock off Republicans, by running fake independents in this case.

Missouri is out there as well. Eric Schmidt has a pretty solid size of a lead, he should win there.

Florida is closer than I think it should be with Marco Rubio.

You know, oddly, he's -- most of the polls only have him up four or five points.

GLENN: You're kidding me!

STU: Yeah. And this isn't a race where obviously DeSantis is likely going to win handily. Val Demings is the candidate in Florida, going against Rubio, who was mentioned as a VP candidate for Biden. Somebody thought highly of her, on the Democratic side.

GLENN: She has brain damage?

STU: No, I don't know.

GLENN: She'll never have a leadership role.

STU: And Ohio, we talked to JD Vance last week. He's opened up a lead in most of the polling there. I think he'll win that race. But still too close to say it's a likely race by any means. So it's five. So, basically, what you have there is 48 Democrats. Forty-seven Republicans. If you include the lienors. And five toss ups for the Republicans to take advantage control of the Senate, they would need to win four of these five races. Arizona, Nevada, Wisconsin, North Carolina, and Georgia. Their best hope right now, probably North Carolina, where they are relatively consistent, but small lead there.

Nevada seems to be pretty much toss-up. Though Adam Laxalt seems to be moving ahead slightly there. Ron Johnson has had good polls in Wisconsin, lately.

It looks like he might be a slight favorite there. Arizona has narrowed, though still favors the Democrats.

Although, it's hard for me to understand the polling there. You see polling where Blake Masters is down by seven or eight points. And Kari Lake, who is supposed to be the most extreme, crazy person in the world, which she's not. We've had her on the air. She's running for governor. With the same voters, and they're saying, she's only down by one. So it's hard for me to understand how Masters would be down eight, and Lake would be down only one.

GLENN: Name recognition.

STU: And she might be. She might just be a really good candidate, and Herschel Walker in Georgia well. The polling has bounced back and forth. Both very close. Really a pure toss-up race at this point.

GLENN: Oh, jeez. For the love of Pete, get everyone you know. Dig up your father, your mother. Bring them out. I mean, let them air out a little bit.

STU: Democrats do it all the time.

GLENN: Yeah. What's the problem with that? Make sure that everyone goes out and votes.