RADIOSeptember 19, 2024

Explained: Why the Fed lowering interest rates might be a BAD sign...

The Federal Reserve just lowered the interest rate by half a point, the first time it has been lowered since 2020, and only the 2nd time it has been lowered by half a point since 2020 and 2007. Is this an accommodative move, or just another restrictive move to try to avoid disaster for as long as possible? Recovering investment banker Carol Roth joins to break down what this lowering means, the possible good and bad signs for why this is happening now, how it'll affect you and your bank account, and what we must continue to look out for.

Transcript

Below is a rush transcript that may contain errors

GLENN: Welcome to the program, Carol Roth.

I'm hoping you can make sense. And maybe some good news out of what happened yesterday.

Because I can't find a way to it. Because of the history of cutting the interest rate this much.

My first thought is, this is election interference by the fed.

My second thought was, when did they last do this?

And it didn't -- neither of those things lead to good things.

So what's really going on here, Carol?

CAROL: Well, I just want you to know, Glenn. I'm unburdened by what has been. Now the market, in terms of interest rates. Because we are in a rate cutting environment. And I think the important thing to remember is that when we talk about, you know, rate hikes. Rate hikes.

Anything the fed is doing. We have to keep it in context. And the backdrop is that we came out of 15 years of what's called zero interest rate policy.

Where the interest rates were at or near zero.

Unprecedented. As well as the fed putting $9 trillion, plus on its balance sheet.

So this is an unprecedented -- does not have analogue, that we can directly compare to.

Not to say, it's not important to go back, and look at what happened historically. But it doesn't mean exactly the same thing.

And cutting 50 basis points. And half a percent today. Is different than we are cutting it. When interest rates are at 2 percent.

I just want to put that out. Also, somebody, who as we said, on this program many times. That I think the Fed has been way behind the curve. I think they went up too high. And that they were too slow, to cut to begin with. So we'll put that from a backdrop standpoint.

So how does the market interpret, and how should individuals interpret a cut?

Well, there's potentially the bad. And potentially the food. We'll walk through both of those real quickly.

The potential bad is the signal.

When you are saying that the economy is doing amazing. And is just -- you know, it's ripping along.

And then to do a very large cut. They could have done half of that. They could have done 25 basis points. But to come out after not doing anything. And say, oh, we have to move 60 points.

Can send a signal, to say things aren't going so well.

If you looked at the market, yesterday, they were not taking news.

GLENN: It went up, and then when he cut it, it went way down.

CAROL: And once they gave back all the gains yesterday. But today, they have had a day to digest it.

And the market thinks that this is a good thing. Now, the market is not the economy.

GLENN: Yes.

CAROL: But again, after 15 years of zero interest rate policy, you know, it does make sense for us to get back to say to what is considered a neutral rate.

GLENN: Is this a -- is this an inflationary move though?

CAROL: So that's the question. So if you think about what the neutral rate is. Which is theoretical. We don't know the number. But basically, it's the dividing line between policy that is restrictive and policy that is accommodative.

And what we're trying to do is have the Fed have no influence in either direction. I believe that we are still in that restrictive area.

So bringing it down, from -- two, four, and three-quarters, to 5 percent. Again, is not the same as bringing it down to 2 percent.

And so I don't think that will cause inflation. We have to remember too, again, going back to where I started. Companies and individuals have 15 years.

To take out debt. And basically no cost.

This is sitting on company's balance sheets.

They took every piece that they could.

And consumers right now, don't have a lot of runway.

So the idea of, you know, a rate cut, unleashing massive demand, when we've gone to, you know, three-quarters to 5 percent.

I don't see this as something that is going to unleash massive demand.

GLENN: Okay. Here's. Here's. I would just like your opinion on this.

As a businessman. I know, I wouldn't be spending a dime right now, on hiring. Building. Anything.

Not a dime, until I see what happens at the election. And depending on the election, if we go with Harris, and we become much more restrictive, and harder, and more global, and everything else.

I'm -- I mean, I'm just battening down the hatches. If Trump gets in.

I would be willing to they have. Because all right. Good. We have somebody who understands business.

We can hire some more people, et cetera, et cetera.

I don't see anybody making those moves rationally, no matter what the interest rate is.

At this point. Do you?

JASON: I think that's a logical way to digest it. I think in terms of one of your first statements. Is this term, political.

The Biden Harris administration, will be pushing out and saying, look, we have inflation under control.

The Fed said so, otherwise we wouldn't have lowered it or lowered it by so much.

So I think that is the push that they are going out and trying to convince people. Now, they've been trying to convince people of things that makes absolutely no sense, for the last three and a half years. So if I'm a businessperson.

Do I go ahead ask make the investments?

But are there some people that might? It is a push. I think the challenges. It becomes a self-fulfilling prophecy. That if you get worried. That there is a recession.

And you create these restrictive behaviors. That becomes self-fulfilling. And that's one of the things that we end up worrying about.

GLENN: Correct.

So let me ask you about one more thing.

He mentioned the problem with unemployment. Unemployment is going up.

Because you just added 70 to 20 million people to the country.

Is -- I mean, people are saying, anecdotally that -- and we are I guess, seeing it in numbers, that the jobs that are being filled. Are being filled with illegals.

And not American citizens. How long can that go on, before it's just, you know, an absolute wreck?

JASON: So the way that I've interpreted the economy. Is I see it as K shaped.

If you think about the letter K. You have one at that one part of the K that goes up. And the other part that goes down.

And you have the people who are at the lower end of the K. Who have been struggling. And the people who are at that higher part in the K. The asset holders.

The people with the white color jobs in the homes, who have been doing well. And you have to remember, what we've been seeing, is that it really is that higher part of the K, that has been pulling the economy along.

So not only do we have those illegals who are coming in. And creating drains on everything.

Right?

They're creating drains on employment. On the national debt.

On housing. On everything.

But we're also starting to see, these cracks in the white color labor market.

When you hear Amazon saying, oh, we want everybody back in the office.

It means that companies now have the power to demand that. When they didn't have the power. And buried in that statement was. Oh, we're trying to get rid of some managers.

We're seeing more and more layoffs on the tech side.

So if we see that crack, from the white-collar piece. I think, at least in the short-term. That will have the biggest impact on shifting what's going to happen here.

And I think that's what the fed is signaling they're trying to get ahead of.

Whether or not they can do that remains to be seen. Because usually they're always late. But it's true. We have the drag on both sides. We have that drag that's happening on the white color piece.

And then we have this massive illegal immigration that is putting strains on the system.

And, you know, that is going to you, you know, completely shift things.

And I will say, Glenn. We hear all these people talking about technology. And AI.

And how it's going to replace jobs. You know, if you think it's going to replace jobs.

Jobs it will replace are unskilled workers. Right?

The person who is making your burrito with Chipotlé and the like. You can possibly make an argument that we do not need any more legal immigration in this country, with the exception of some very high merit-based people at all.

In addition to this, you know, travesty that is happening with the illegal immigration. So this is going to be, you know, hopefully, we can get President Trump in there. But this needs to be attacked in a serious fashion. Because it will have massive implications on the economy. On top of the biggest issue. And it feeds right into it.

Which is the debt and deficit spending that continues to grow that debt. The fact that that's unwieldy. So all of these things are puzzle pieces. But we can't let the noise about a fed rate cut. Or what's happening. Distract us from that big issue. We need to grow the economy. And we need to reduce spending.

So we can get debt to GDP back to a normalized level. And be able to save our country.

GLENN: Carol, thank you. I appreciate it. Carol Roth. The author of You Will Own Nothing. Former investment banker and a contributor to Blaze.

And also, to this program. I just love her. She explains things the way, you know, people like me, talk. Who -- just regular people. Carol, thank you so much.

It's CarolRoth.com/news.

CarolRoth.com/news.

The Dark Truth Behind Queer Theory & Gender ‘Affirmation’ For Children | Liz Wheeler & Glenn Beck

In this explosive conversation, Glenn Beck and Liz Wheeler expose the disturbing roots of gender ideology and queer theory — and how these radical ideas are directly targeting children. From the shocking origins of queer theory, where pedophilia and child pornography were openly defended, to Planned Parenthood’s new role as one of the largest distributors of transgender hormone therapy, the truth is undeniable: this movement is not about freedom or equality, but about dismantling families, corrupting innocence, and profiting off of our children’s pain. What we are witnessing is nothing less than a satanic ideology dressed up as compassion — and it’s spreading like wildfire through schools, culture, and medicine. Parents, you need to hear this. The time to protect your children and fight back is NOW.

Watch the full episode HERE

Here’s how INTENSE JFK’s Presidential Fitness Test was

President Trump recently signed an executive order to reinstate the Presidential Fitness Test and the media is in a frenzy. But Glenn and Stu look back at the history of these tests, including JFK’s version of the Test that seems IMPOSSIBLE for modern Americans. But Glenn has a secret reason for why he’s confident in his pull-up abilities…

Transcript

Below is a rush transcript that may contain errors

GLENN: What is the -- what is the new physical -- the president's physical fitness, you know, plan?

STU: Well, the thing that RFK Jr and Hegseth were rolling out the other day. I don't know if it was the full test or anything, but they were issuing a challenge to America, to be able to do 100 pushups and 50 pullups within five minutes.

GLENN: That's crazy.

STU: Thank you! That struck you as also crazy.

I don't think there's ever been a time in my life, that I could do that. Let alone now with shoulder problems. And much too much weight.

GLENN: All right. But that was before I needed this walker.

STU: I don't think there was a time in my 20s or my teens, that I could do that. But that -- in five minutes? Fifty pullups?
GLENN: Both of them in 5 minutes.
STU: Yeah, both of them. So it's not like 100 pushups in five minutes. It's both tasks within five minutes.

GLENN: No. No. That's not true.

STU: RFK Jr. is just doing it in jeans.

GLENN: Yeah, well, RFK, he's -- he's a weirdo. I mean, he is. Come on. When it comes to fitness, he's a weirdo.
STU: Yes.
GLENN: I mean, he's done this his whole life. He's like 800 years old. He can still do it.

STU: Yes. Depressive, I will say.

GLENN: I don't know. He's a sex machine.

STU: Oh. That's been a problem for him. Yes, that's been an issue in his life. Yes.

GLENN: Okay. All right. Go ahead.

STU: Separate from the president's physical fitness test.

GLENN: Right.

STU: But, I mean, they don't, they don't really think we're going to do that, right?
Like, I mean, how long would that take you to do?

STU: I think for me, it would take a good month. I think a month, I could probably get two pullups a day. That would get me around, a little over 50. So I could do that. Plus, the pushups. A solid month, I could get that done.

GLENN: You could do more than two a day. You could do more than two a day.

STU: You know, Glenn, I've got to say. I think -- I will throw a number out there. No science behind this, so just as a guestimate.

I would say 40 percent of the population can't do any pullups. Maybe 30 percent. Thirty percent of the population can do exactly zero pullups. Precisely zero, so an infinite amount of time would be a correct answer for a third of the population.

GLENN: I think you're -- I think you're being -- I think you're being a little too optimistic. I think it's closer to 40 or 50. I think it's closer to 40 or 50. Maybe 60 percent.

STU: Right! Pushups are one thing. I mean, I think almost anyone can do a pushup. One --

GLENN: You can do a pushup. Yes. Yes.

STU: Singular pushup. And if you can do one, you can wait long enough, to do a second one.
And at some point, the hundred gets done. That's not the case with pullups. Pullups, you can sit there and think about how much you want to do a pullup for a really long time. But that doesn't make a pullup happen. If you've got a certain amount of weight on you. You're not doing a pullup. It's not occurring.

GLENN: I have no idea, how many pullups I can do.

STU: I have an exact number of pullups, you can do.

GLENN: Do you? You think so?

STU: Yeah. Yeah. I have the exact number. I have to calculate -- AI has been running a report on me. It came up with zero.

GLENN: Right. Right. Really?
I can do. I mean, this is so pathetic. Listen to this. I bet I could do three. You know, you could do three.

STU: In a row? Proper form.

GLENN: What do you mean in a row?

STU: I mean, holding on to the bar, without letting go, you're doing three. There's no way. I don't think so.

GLENN: I think I could do. Well, with proper form, I don't know about that. I don't know about that.

STU: I'm not saying it has to look pretty. You have to get your chin up above the bar. It can't be one of those things, where you're a quarter of the way up there.

GLENN: So I can do one and rest for ten minutes. I could do another one.

I think I can do that.

STU: If you -- I'm not saying, you jump up, and you pull yourself up as you're pulling up. Full hang --

GLENN: See, you may not know this.

But you know what, I've done the DNA test. Have you ever done the DNA test that tells you all about your genes and everything else? Mine came back with something remarkable, and I have to share. You might feel bad, next.
(laughter)

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STU: Coming up next, Glenn attempts live pullups on the air. Stay tuned!
(OUT AT 8:29 AM)

GLENN: You know no idea what who you're dealing with. No. You don't have any idea who you're dealing with here.

I got my DNA test back like 10 years ago. And we all -- we all took it, because we were looking for things. And so we all took it. My DNA test came back, and everybody in the family, their test made total sense. Like, oh, yeah. That makes...

Then we read mine. We have to find -- I have to find. See if Tania has it still. We should have had it framed. I swear to you, they -- they mixed me up with somebody else.

Somebody else is like, wait a minute. I'm this pathetic? Mine came out and said, you have the muscular structure of a -- of a -- something like a -- an elite athlete. You have the abilities and agility and everything else of an elite athlete. And I'm like, there's not a chance. I don't have any of that!

I don't even know if I have muscles. I have to check once in a while, and go, do I have muscles still?

Doctor is like, I don't know. Can I? Ask just press against my hand on the leg. I don't know.

You know, I don't know how to do that exactly. So --

STU: You sure it said elite athlete and not elephant? I mean, if they misspelled it.

GLENN: It was.

I was having eye problems at the time.

STU: No!

GLENN: I mean, we read it. And I was like Tania, I believe that for Tania.

Maybe they switched me and Tania. Because Tania is really strong. She'll kick your butt.

She works out every day. All of that. Me? Never. Never.

And it kind of makes me wonder, when I get to the other side, and the Lord went, okay.

So what did you do with your life again?

Because I gave this incredible body, and you wasted it the whole time.

And I'm like, you should have been more clear, okay?

You should have been more clear. I -- maybe I could have played basketball. But I tried once. And it was embarrassing. It was embarrassing. It was like sixth grade. And I'll never live -- I don't even want to think about my time on a basketball court. Okay? So don't -- don't start with me. You should have made it a little clearer. When I first started to do stuff. And I think that's fair. I think that's a fair argument. In my defense. In my defense, Your Honor, God, you should have made it a little more clear.

STU: Yeah. I mean, if they really wanted us to do this, then the 11th Commandment is 50 pushups, and -- or, 50 pullups and 100 pushups, right?

Like, put it in a commandment if you really want us to do it. You have to be more specific, we're Americans.

GLENN: Okay. So let me give you the top of the list for the JFK Presidential Fitness Test. Okay? This is what you had to do in high school. In high school.

Thirty-four pullups. Bar dips: Fifty-two. What's -- because I believe I did that. A long time. And I don't recommend it.

STU: It's not a barhop.

GLENN: Oh, it's -- oh, bar dips. Okay. Okay. All right.

Bar dips: 52. Handstand pushups: Fifty. What are handstands?

STU: Oh, my God. Handstands.

GLENN: I can't even stand on my hands. Is that I'm doing a handstand and a push up? Because that's not happening. You're not human.

STU: Yeah. You're balancing yourself on your hands. Your feet are above your hands on the wall. Like a wall. And you're doing --

GLENN: Oh, so you're balancing yourself. That makes it a little easier. Still impossible.

But a little easier.

GLENN: Impossible. You could do precisely zero of those.

Aright. So you had to do 50 handstand pushups.

Or one arm -- 30 -- no, sir.

Twenty-six one-arm burpees in 30 seconds. Is that a one-armed push up?

STU: No. Well, you're bracing your yourself like you're about to begin a pushup in a burpee with only one arm, which that's not that difficult.

But then you're doing. Then you're like, you move your feet towards your hands. And then you jump up in the air basically. And then you do it repeatedly.

GLENN: No, no, no. That's ridiculous. No.

STU: There's a law of gravity. You're not supposed to violate it. If it was a recommendation of gravity, then maybe jumping would be appropriate. But it's not. Follow the law.

GLENN: In 48 seconds, you had to do a 3300-yard shuttle. Now, I've been to the airport. I think I've done a 3300-yard shuttle, but it depends on who is driving. You know.

STU: Yeah.

GLENN: Rope climb. Try this. Rope climb. Twenty feet, hands only! Sit start.

STU: That's what I remember from the president's physical fitness test. And I remember looking at that rope, like, no chance I could get up that thing.

GLENN: I remember looking up at that thing. Humiliation. Humiliation is coming my way. I'll never kiss a girl, because that ain't happening. I'll get maybe 10 feet up. Maybe. Maybe.

STU: And you were right for 24 years from that time, approximately.

GLENN: Agility run, 17 seconds. Extension pressups, what? What?

I'm sorry. Why am I so tired reading this?

Extension pressups. What's an extension pressup, 8-inch? You had to do 100 of them.

STU: Let's see. Exercise. An exercise for low-back pain involving lying on your stomach and pressing your upper body up with your arms while keeping your hips relaxed and down on the mat.

GLENN: Oh, I could do that know. 8 inches.

STU: The last part of it, relaxing down on the mat.
GLENN: That's what my doctor says I should be doing. What?

STU: I can do relaxed and down on the mat. That part of it --

GLENN: Yeah. I could do that -- I'm the only guy. I took yoga for a while, like three weeks. My wife is like, yoga. You could do yoga. Let's just do yoga together.

I did. And the yoga instructor said to me. Because we were doing a plank.

STU: Yeah.

GLENN: And she came and all I remember her waking me up. And saying, I think you're the only person I've ever -- ever taught that fell asleep in yoga. And I'm like, it's just so relaxing. Just let me sleep. Let me sleep.

STU: That's interesting, that you did yoga. Is there any footage of that? Any video that we could post? That would be good for --

GLENN: No. There's not. You had to do pegboard. Five trips of pegboard. And I think that's when you have the two pegs.

STU: Yes, it was a board.

GLENN: You have to take it out, and put it up, right?

STU: This is American Ninja Warrior. No way.

GLENN: There's no way. There's no way.

STU: This is amazing.

GLENN: Try this one: You had to do a 45-second handstand. I've never been able to do a handstand. Never!

STU: Never.

GLENN: And I'm an elite athlete. I'm an elite athlete. Try this one: A man carry, 5 miles.

STU: What? What do you mean a --

GLENN: Five-mile man carry.

STU: Is a man carry as obvious as it --

GLENN: I think it is.

STU: You're carrying --

GLENN: If I'm going to carry that man, you have to carry me that man for five miles.

I'm not sure, I can't carry any man for any miles. I mean, if I am -- if I am a firefighter, count on burning in the house. You're going to burn in the house. Because I can't carry you out. I can get in there and go, yeah, I will have to leave you.
I will have to leave you here. I can't help you, sorry.

It's also getting really hot in here. I have to go. You had to do a five-mile jog. An obstacle course.

You had to swim prone for a mile. You had to swim underwater for 50 yards, any strokes, two minutes. Deep waterfront, hang float, with arms. What? What is a deep water hang float with arms. Wait. Wait.

It's a deep waterfront hang float with arms and ankles tied for six minutes.

What kind of al-Qaeda PE class was this?

STU: Who has access to -- who has access -- like, you're in the middle of the country, you may not have a deep water body nearby. This is -- are you sure this is an actual test?

GLENN: This is the actual test. This is the actual -- what is a deep water front hang float with arms and ankles tied for six minutes? Can you look that up?

STU: A deep water hang float is an aquatic hang float done in the deep end of a pool with the aid of flotation device, such as a noodle or belt.

In this position, the flotation twice supports your upper body, while your legs and torso hang freely beneath you.

That can't be what it is.

GLENN: You can do that.

Deep-end of the pool.

STU: Can you bring a margarita?

GLENN: Man, this test is no big deal.

What! No way. No way!

Here's the last thing on the test.

A vertical tread in an 8-foot circle for two hours!

No way.

STU: Vertical tread in an 8-foot circle?

GLENN: So you're in the water and you're treading water in a circle for two hours. Two!

STU: This is not -- what?

This is not the test.

GLENN: It is. Now, I told you, this is the top of the test.

This is the top of the test.

So this is for the ones who could do all the other tests.

This was the top of the test. The bottom of the test is not that much better. Here's the entry, okay? Let's see. Pullups, 2/6/10. I don't know what that means. Pushups, 16, 24, 32. Bar dips, four, eight, and 12. Situps, 30, 45, and 60. Broad jump, 6-foot, 6, 6, 6. And 6, 9.

To jump 6 feet? I don't even know if --

STU: That one is possible, yes. Glenn, I know it sounds incredible. But, yes. That one is possible.

GLENN: Sounds incredible. You know, I think we should have the average person Olympics. I really do. I really do.

STU: Oh, I would watch that.

GLENN: I would watch that every time.

You see them coming. And you're like, hmm. That one -- three feet. I'm giving him 3 feet. 200-yard shuttle. Agility run. Rope climb, 18 feet, hands only. 880 yards in three minutes. A mile in seven minutes. Pegboard, six holes. A 50-yard swim. Forty -- 40, 50-yard swim in 36 seconds. Man carry, 880 yards. No, thank you! No, thank you!

Look at -- look at what we've gone down. That's the bottom of it. And I don't think most Americans could do that.

I couldn't. Well, I could. Because I'm an elite -- I have the body of an elite athlete.

STU: No. You could not. Now, of course -- let's just say, this is supposed to be for a high school kid. Right?

So this is the prime of your athletic life. Could you do some of these things? Probably.
GLENN: Go into high school.
Go into any high school, and ask them to do this. There's no way. And all of the kids would be.

STU: Well, that's kind of what the reaction would be.

GLENN: Don't get me wrong. I would have been there too. And my parents would have said, suck it up. Just do it.

So nothing has really changed.

STU: That's been the reaction to this proposal too, of bringing this back. Right? The media is covering this. Like, it's going to embarrass children.

You know, I mean, I do remember it being like, I can't do that. I'm not going to the top of that rope. That's not happening.

That's sort of life. Right? Sometimes you can do things. Sometimes you can't do other things.

GLENN: That's why you have to learn how to injure yourself.

You know, how many stairs can I throw myself down, to not do serious damage, but enough to get me out of PE.

STU: Yeah, you have to fake an why are. You have to learn from LeBron James. Act like you got hit in the eye. And fall down like you were just stabbed over and over again, like you were in an athletic competition.

GLENN: There's no way. There's no way.

THE GLENN BECK PODCAST

THIS is why self-reliance may be your ONLY protection from SLAVERY

Are you truly free, or is your life quietly controlled by systems most Americans never question? In this eye-opening conversation, Glenn Beck speaks with investigative journalist Whitney Webb about how the Elites, banks, and global systems have created modern forms of enslavement, all while the public remains largely unaware. They discuss the urgent need for local self-reliance, alternative financial systems, and taking personal responsibility to protect yourself and your family. This is a wake-up call for anyone who believes freedom is guaranteed, and it’s time to see the truth and act before it’s too late.

Watch Glenn Beck's FULL Interview with Whitney Webb HERE

Claire's warning: The dark side of gender care EXPOSED

Claire Abernathy was just 14-years-old when doctors told her parents she’d take her own life without hormones and surgery. They promised “gender care” would save her life. Instead, it left Claire with irreversible scars, broken trust, and a lifetime of regret. Her mom was told she was required to comply. No one ever addressed the bullying, or trauma Claire endured before being rushed into medical transition. Now, years later, both Claire and her mother are speaking out and exposing how families are misled, how doctors hide risks, and how children are left to pay the price. With federal investigations now underway, their story is a warning every parent needs to hear.