RADIOAugust 01, 2022

Financial expert: Democrats are ruining economy 'ON PURPOSE’

Carol Roth, former investment banker and author of ‘The War On Small Business,’ joins Glenn to answer his latest questions regarding the economy: Are we in a recession, despite what the White House claims? At what point do the Fed’s interest rate hikes become dangerous? And how are we expected to bring down inflation when interest rates continue to climb? Plus, Roth explains why she believes Democrats' desire to spend millions more to fight climate change shows they don't care about our current economy: 'They're doing this on PURPOSE.'

Transcript

Below is a rush transcript that may contain errors

GLENN: Oh, man. There have been so many things that have been going on this week. I wanted to bring Carol Roth on. She was the author of the war on small business. She is a former investment banker. And she speaks the language of the common man. And she cares more about Main Street than Wall Street. She's here to try to help me make sense of what happened this week. Hi, Carol. How are you?

CAROL: Hey, Glenn. Great to be with you. Happy Friday.

GLENN: Thank you. Happy Friday to you. Okay. So I have several things to ask you. Let's see if we can tick these out for a minute. And if you can add things beyond this, I would love to hear it. We're two quarters now. Two quarters of contraction. They're trying to say, that that's -- that's not a recession. That is a recession. Correct?

CAROL: Glenn, I told you and your listeners about this months ago, I predicted this is what's going to happen. Because the group that is charged with officially declaring recessions. The National Bureau of Economic Research, or NBER, gives themselves latitude intentionally, of course, they're going to. They can't have political spin. They can't extract a fee, if we can just all look at the data, and go, oh, obviously, this is a recession. Despite all of that, we all in the financial media, in the economic predicting realm. Everybody colloquially agrees, that two quarters of economic contraction is recession. Because if you have something that doesn't have a definition, people can't understand it. There's no way to create any policy around it. You can't just have something that completely has no definition.

GLENN: Correct, correct.

CAROL: So, yes. There is latitude. And that is why I predicted, given that latitude that they would do exactly what they're doing now.

GLENN: So the other thing that happened this week. So we had the announcement, we're in a recession. Increased the rate 75 basis points. So we're up to 22.5, or 2.5, right?

CAROL: Yeah. And --

GLENN: At what point, does this become a stall of the engine?

Do we have any idea at what point it starts to get dangerous, or are we already there?

CAROL: So if you believe the sort of economic theory that, you know, 2 percentish is the neutral rate that -- if everything expands, that 2 percent, and the fed fund rate. 2 percent is their target neutral rate, then we're just around neutral right now. And it shouldn't be that much of a concern. Frankly, we had an artificially depressed set of fed funds rates for a variety of reasons. And so bringing that to a normalized level isn't that bad. To get down the inflation, that they have caused, they probably need to bring it up, a little bit more.

GLENN: Yeah. But I do think, that if we start seeing something that has, what we fancy people call a four handle on it. Where it's 4 percent or higher. Get out of the three range. Then that's why you're going to start seeing people freaking out. And having a major impact on the economy.

GLENN: But is -- I'm old enough to remember Volcker. And we had 18, 19 percent interest rates. And that was just from the inflation that we -- that we had Jimmy Carter. That was nothing like this inflation. How are we expected to bring inflation down, with two, four, five, 10 percent inflation? Or, I mean, 10 percent interest rates.

CAROL: Well, here's the reality, that the fed's tools aren't going to fix some of the issues. I mean, we have a supply and demand imbalance. So unless the fed can stop printing money. And printing oil, and printing food. They're not going to fix those areas. The only thing they can do is completely jam up the economy so bad, that we're in a massive recession, and everybody is reporting their money. And that's how those supply and demand metrics are coming together. And they're really focused on the demand side, not the supply side. What we need to be focused on is how do we get more supply in these areas, so that we balance that out from the supply side, not the demand side.

GLENN: It's a Rudyard world. A poem that came a few years ago. And the line that came to mind, we had plenty of money, but nothing our money could buy. So help me out. We're fighting inflation. We can't do it really effectively, like Volcker did. Because it would just choke us to death. And then Manchin comes in. And we change Build Back Better, into something called the Inflation Reduction Act. How can you spend an additional $700 billion and reduce inflation?

GLENN: I -- yeah. This is like -- I might get a little agro here. This is making me so angry. Because western going to throw a parade for Joe Manchin. He was the one that stopped build back broke. He was the one that saved us from even more inflation. Taking inflation to hyperinflation. Now, when we're all really happy about them keeping praise upon him. He is backtracking. And so they're like, we're going to go spend a bunch of money, to spend inflation. But the reality, Chuck Schumer came out and he said it, this is green new deal-lite. This is about spending new money on their climate hopes. Instead of fighting inflation. He put it out there, in a tweet on Twitter that I responded to. They're saying the quiet part out loud. They don't care. This is what they're trying to do.

And this is why we have, Glenn, I'm calling it, The Great Resettion. So a Recession -- the Great Recession was from the financial crisis. This is from your wonderful book. The Great Reset. This is The Great Resettion. This is intentional, they're doing this to us, on purpose.

GLENN: Yeah. Yeah. It is incredible, that even John Kerry came out and said, we have to do this. We're going to have to spend billions. If not trillions of dollars on this. And that in the end, will be anti-inflationary. And it's like, that doesn't make any sense. That's worse than common correspond math.

CAROL: And they've been wrong on everything.

GLENN: Everything.

CAROL: These are the people that told us, there's no inflation. They told us the way to fix crime was defund the police. They were wrong on covid. They've been wrong on everything, including the energy transition, that's affecting us not only here. But in Europe. And now all of a sudden, we're saying, oh, you're going to do this by spending more money? I mean, it is just -- basically, Congress is just theater and money laundering at this point.

GLENN: So correct me if I'm wrong, historically speaking. Volcker, when he made the tough decision. He made the tough decision, to hurt the American economy, to save the dollar. And to save the world's reserve currency. And so he had some credibility. I have been worried, ever since TARP, that the world is going to despise us. Because we have -- we have destroyed the currency. Which is destroying the economies of everyone in the world. So we can not suffer. That's what we've been doing. When I heard Joe Biden say yesterday, well, inflation, but, you know, there's inflation all over the world. I thought, yes. Because they hold our dollar.

Are we not causing the inflation in Germany and every place else? Are we not the root of that problem?

CAROL: I think the central bankers in Europe and Japan and some other areas, can share some of the credit. But here's the amazing thing. And you're so spot-on about Volcker. You know, back when we really were this world reserve currency, and we had somebody like Volcker who was trying to do the right thing. We had a dilemma. We talked about this before. Where you have to make a decision. Do you make decisions based on keeping the world currency stable for the -- the world, or do you make decisions based on what's right for the United States? Incredibly, we have done neither. We have destroyed the value of the dollar.

GLENN: Yeah.

CAROL: And the purchasing power here in the US. And we also created a horrible situation for everybody around the world. So nobody is happy. And so, yes. We're having an inflationary issue across the world. And now, because of all these other central banks and the strong dollar, we also have a potential debt issue, in the emerging markets. Because all of not only their commodities, but their debt is dollar denominated.

GLENN: Last -- last thing I have on my list, is we had some inflation numbers today.

But it's not the CPI. The Consumer Price Index, which is at 9.1, I think. It's something else. And I think it is -- shoot. I had it written down.

CAROL: The PC?

STU: The employer cost.

GLENN: Yeah. Employer cost index is what that was. What is that one?

CAROL: So this is a subcomponent, that's not really one of the core ways that they look at inflation. It's more of an indicator that's stuck in the middle of other indicators.

But the ones that we're most focused on are the CPI, which is sort of the one that the headline. The consumers focused on. The one that the fed is most focused on is the PCE. Which is the personal consumption expenditures. And that's a different read. And, no surprise, that's much lower.

GLENN: And hang on. Hang on just a second.

That's the one that they're raising the interest rates, and doing all these things, to discourage us from buying things. Right? They need us to slow down the velocity of money. Correct?

CAROL: I don't know what they're doing. Because they're trying to get us to, quote, unquote, like you said, slow down the velocity of money. Slow down spending. Cool demands. But the government is out spending money to everybody in the world, and spending more. So I honestly have no idea what they're doing. But, yes. Theoretically, that's what they're doing. But the PCE number is what the fed is going to be focused on. It is many percentage points lower than the CPI. So as that comes down, you know, in tandem, you're not going to need to see the CPI at three or four, for them to feel like what they're going to do. And this is the crazy thing. The Wall Street Journal. Every month, they go out and they interview economists. More than half the economists think that by the end of next year, that the fed is going to be cutting rates again.

GLENN: I know. I read that --

CAROL: So this is --

GLENN: I thought that's insane.

CAROL: It is. This is all a game. And they think that they know what they're doing. But the reality of what they're doing, is they're creating these boom and bust cycles, that benefit the wealthy and well-connected. That wash out the average connector. And transfer wealth from Main Street to Wall Street. This is all they're doing. And we have to stop them.

GLENN: Right. It is amazing. I look at this chip thing, that they spent what, another $250 billion on it. That is corporate welfare. So that is taking our tax dollars and giving it to these giant corporations. I saw that, and I thought, all they're right now, is impoverishing the little person. The person on Main Street. Paying the taxes. They're making it so we don't have any purchasing power. We can't -- we can't go anywhere. Because of the gas. We can't do anything. We'll start to lose our houses. We'll start to default on our loans and our cars. They'll be fine with it. And the government is now saying, I'm your consumer. So you businesses, you do what I say. Because I'm going to be buying. Isn't that what's happening?

CAROL: Absolutely. It's the barbelling of the classes. You're going to have the complete hollowing out of the middle class and the working class. And we've seen this throughout history before. You know, at the late stages of empires, this is what happens. Where you get that wealth, that's concentrated. In fewer and fewer hands. And then you have everybody else is poor. And nobody else is in the middle. And that's exactly with my reaction. When I saw this. Not to see, that we don't need to compete with China. But these are very wealthy companies.

GLENN: But you lessen the red tape. You just lessen the red tape.

CAROL: Thank you. Thank you. Yes. Because they're just giving more corporate welfare. And, by the way, the Elizabeth Warrens in the world, who stand up, and say, bad corporations, they're all going along with this. It's bizarro world.

GLENN: Carol, thank you so much. I really appreciate all your work on this. And keeping us informed. You can follow her on Twitter. Carol J. -- Carol J.S. Roth. Or you can go to CarolRoth.com, and she's a writer, and working on a new book, that I'm very excited about. You should announce that at some point. But she's also -- she also writes for TheBlaze.com. And is a frequent guest on this program. Thank you so much, Carol. I appreciate it.

CAROL: Have a wonderful week, Glenn.

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

You WON’T BELIEVE this leftist demand for ICE

As ICE agents continue to conduct immigration raids throughout the country, the Left is demanding that they be required to remove their masks and show their faces. Could this be because the Left wants to easily identify these agents so that they can dox them?

Transcript

Below is a rush transcript that may contain errors

GLENN: There's a couple of things going on. There's a new democratic-leaning activist group, that has now raised more than $750 for mobile response teams.

Now, I know we just talked about Mercury One and their mobile response teams, you know, going -- trying to help find bodies here in Texas.

There's is to confront immigration and customs enforcement during raids in California.

Organization is save America movement.

It's asking for your donation, so its teams can follow ICE raids in real time.

The group began launching its first political ads and social media accounts in June in a fundraising web page.

It shows, they wanted to raise $1 million for the anti-ICE initiative. So far, I believe they have, yes.

$764,254.

Quote, ICE agents are raiding LA in masks without badges, names, or accountability. These ICE agents don't have names, or badges. Really?

Wow. And they wear masks. I wonder why they might wear masks.

You know, maybe it's because the people on the streets are also wearing masks.

Now, why would the people on the streets be wearing masks, Pat. I'm trying to figure that one out. Why would they be wearing masks?

PAT: Perhaps they don't want to be identified.

GLENN: Don't want to be identified. Why?

PAT: They're committing illegal acts.

GLENN: Yeah. Good. Good. Good.

And they know if they're identified, then the good guys will come and arrest them. But seeing that they think they're the good guys, and the police are the bad guys. Why would the police be wearing masks?

Because the police know the bad guys will identify them, and come get them and their children at night.

There's one that's on the righteous side. One that is not on the righteous side. I'm trying to remember which one is which.

So the Save America Movement is launching its liberty vans. Mobile response teams with cameras, chaplains. Now, I'm just trying -- I'm just trying to imagine the chaplains that might be going with them.

Chaplains, lawyers, and veterans. To show the world what's happening in our communities.

What is happening in the communities? I'm wondering.

Now, the group announced its steering committee on June 18th. That includes Erica Alexander. Dr. Reverend William Barber. Ryan Busse. Steve Smith. And Billy Ray. These -- at least Alexander and Barber have spoken at the Democratic National Convention. Alexander campaigned for a -- the -- for Hillary Clinton. She was, you know, campaigning for Hillary Clinton. And, by the way, Hillary Clinton was so popular. She lost.

Schmitt was also the cofounder of the anti-Trump Lincoln project before stepping down in 2021.

So this is just the usual suspects. Do you remember, Pat, when we were working at Fox? And we were doing all that research?

And, remember, we would look into these organizations. Like, well, same 12 people. Every time. Same 12 people.

It was like, there were only like 25 to 50 revolutionaries that were actually. And then none of these guys were revolutionaries.

All of these guys were all political figures, that were all orchestrating and funding everything.

It was the revolutionaries that would be like, yeah.

You go out and do that!

Yeah. I'm going to be here. I've got your back.

I've got your back.

You should go out and blow yourself up.

I mean, it's -- it's the same thing with the mullahs.

The mullahs aren't ever the ones going out.

They're never like, and I'm going to show you how much I believe in this.

I'm going out and blowing myself up.

No. No. It's the same thing with the DNC.

All of these people, all behind the scenes, they're using you.

They don't know how you don't see that.

They're using you.

And, again, on the other hand, I don't see how the Democrats don't see, no!

The radicals now are using you.

Now the radicals are in charge. And be afraid. Be very afraid.

Because they're going to come for you. Before they come for me.

You think they're going to eat us first.

But, I mean, we had this story. What was it last week?

Did you see the story where -- where Democratic politicians are now saying, they're afraid of their own constituents?

PAT: Yeah.

GLENN: Right?

PAT: Yeah.

GLENN: Their own constituents are saying, maybe you should die, so we can get some attention to our cause.

You know, we need some blood to be spilled for a real revolution.

And the democratic politician was like, wait. Wait.

Wait. My blood.

PAT: And they got a little taste of that, during the Palestinian Israeli situation. Because err where Democrats went, they were committing genocide. Because they supported Israel.

So they got a little taste of -- of how the left could turn on them.

GLENN: I -- too we need to go through Minneapolis?

I mean, look what happened in Minneapolis.

I mean, I don't know -- do I have this -- where is it?

There's a story today, on the Minneapolis -- okay. Yeah.

Here.

The Minneapolis -- the Minnesota assassin Vance -- what is it?

Bolter said neither his pro-life worldview, nor his support for Donald Trump were motivations behind the deadly June 14th shooting rampage.

That left a top Democratic lawmaker dead, and another seriously wounded. Now, he's pro-life.
And he's a supporter of Donald Trump. Yet, he worked for the Democrats.

PAT: Uh-huh.

GLENN: Appointed by two Democratic governors, I believe.

GLENN: Yeah. And I'm trying to -- I'm trying to make that fit.

You're a pro-lifer that also is a big supporter of Donald Trump.

And you go to work for Tim Walz?

I'm just -- I mean, I know sometimes Common Core math hurts with be when you try to think.

But this one is almost impossible. Even -- even, even -- if I say you're right, if you just show me how you got there.

I don't think I can show you that you're right on that one.

He said, his pro-life worldview. Or his deep, deep support for Donald Trump were not motivations.

I'm going to let you chew on that for a while.

That's his quote for prison.

He's waiting for trial.

And the New York Post. Did an interview with him.

He said, you're fishing.

And I can't talk about my case.

I'll say, it didn't involve either Trump or pro-life us stuff.

I'll just say, there's a lot of information that will come out in the future. That people willing look at.

And judge for themselves.

That goes back 24 months before the 14th.
If the governor ever lets that get out.

Now, wait a minute. Tim Walz is the governor. He faces possible federal grand jury indictment this week, after being charged with six felonies, stalking and murder-related counts of killing, of the Democratic lawmaker.

And, by the way, if you're really -- if you're really on the right. Why would you kill the lawmaker that just voted with the Democrats?

Or, I'm sorry, just voted with the Republicans. She actually took a hard line, and a very hard decision, she didn't want to.

But she said, I just feel like, it's the right thing for the state. And it's killing me to vote this way. But I feel I really have to.

And so she does. And then this guy goes and kills her? Because he's such a big conservative?
What? Any of this makes sense to you?

PAT: None. No.

None of it.

GLENN: During two 20-minute video visits with the Post, he said police have withheld key details from his handwritten letter, left by the alleged person in a getaway car. Let's see. Alleged person.

I think that's his wife. The letter which has not been released is addressed to FBI director Kash Patel. My wife and family had nothing to do with any of this.

Certain details of that letter were leaked out. That probably painted one kind of a picture, but a lot more important details that were in that letter were not leaked out.

He refused to elaborate, saying the withheld details related to things that were going on in Minnesota. Huh.

PAT: Hmm.

GLENN: I also made sure, when I was arrested, that they secured that letter.

I made the request. That they secure that letter, before it gets destroyed.

Because I was concerned somebody would destroy it.

Police found a handwritten note in the suspect's fake police SUV with a hit list of more than 50 Democrat officials from at least six states.

Police found other notes with directions to the Hortman home, and a list of websites used to gather information on the targets.

Asked by the Post how he felt about the shooting victims and their families.

He said, you can maybe ask, if someone believes that. And they love God. And they love their neighbor.

Allegedly, how they could be involved in a situation where some people were no longer here that were here before.

But I'll let you chew on that one too.

PAT: It's so bizarre.

GLENN: A little nuts. A little nuts.

PAT: Yeah. Yeah.

GLENN: The letter left behind for the FBI, also alleged that they claimed Tim Walz told him to murder Amy Klobuchar. And others. So he could run for US Senate.

Now, I can believe a lot of things about Tim Walz. But I don't believe --

PAT: You don't buy that? Huh.

GLENN: No. I don't buy that.

You can believe a lot of stuff about Tim Walz, but no. No. I'm not going to buy that one.

He would not discuss his views or relationship with Tim Walz, the Democratic vice presidential nominee.

PAT: Hmm.

GLENN: Walz appointed Boelter to a four-year term on the governor's workforce development board in December of 2019.

And then the mark Dayton. The -- also tempted Minnesota governor. Appointed him to another board. The same kind of board in 2016.

So the guy has been working for --

PAT: Democrats.

GLENN: For a very, very long time.

But pay no attention to that. Pay no attention to that.

Democrats, you're fine.

Your base isn't about to rise up and kill you.

Remember warning about this?

We -- in 2008 and '9. I was like, you cannot get into bed with crazy radicals.

You can't. Crazy, being part of the word.

Radical, the other important word.

In crazy radicals. They'll kill you!

When they don't think that you're taking this revolutionary -- revolution seriously enough, which is exactly what's happening.

ICE, they're now going out in the streets.

And they're -- they're shooting at ICE.

And they know that Donald Trump doesn't want them to do that. But you're on their side.

And let me see if anybody remembers where this line came from.

You betrayed the revolution. Oh, yeah. That's right. That's right. That's right.

Right at the gallows. I don't remember which country that was. Not the gallows. But guillotines.

You betrayed the revolution. That's what happens in revolutions. If you're not revolutionary enough for the most bloodthirsty, they come after you. And they come after you first!

That's what's coming, America.

What is happening -- and I will give you some other stories. What is happening on the streets right now, is a lead-up to serious, serious trouble on the streets. And a bloodbath on the streets.

Pray for our law enforcement.

Oh, no.

Don't even pray about that. Because what could possibly happen. If law enforcement decides, I'm not putting up with this anymore. Because the city will not support them.

What could possibly go wrong?

We have Elon Musk, and Grok four, and his robots all ready to go. He said last week, all I have to do now is download Grok four into the heads of my robots. And they will be able to take care of everything.

Wouldn't that be great?

We could have a robot police force.

PAT: That usually works out well. And all the documentaries I have seen, it works out really well.

GLENN: It always works out really well. Well, it didn't in iRobot. Remember?

PAT: Oh, that one document.

GLENN: Yeah. That one documentary.

But that's because, you know, they had m.-- you know, they had the four rules. Remember?

PAT: Yeah. Yeah.

GLENN: And the good news in RAI, we decided those four rules didn't need to be put in.

So we don't have those four rules in RAI, so I don't know why.

But probably wasn't going to work anyway.

Texas flood UPDATE: We have NEVER SEEN this before

A little over a week after the flooding in the Texas Hill Country, Mercury One executive director JP Decker joins Glenn Beck to describe what he saw on the ground. The state’s response, he says, was unlike anything he has ever seen, and President Trump’s impact was also incredible. But this is just the beginning of the recovery efforts …

100% of all donations given through Mercury One for the Texas flooding relief go to help the community recover.

To donate now, visit https://mercuryone.org/

Transcript

Below is a rush transcript that may contain errors

GLENN: Welcome to the Glenn Beck Program. More rains in Texas, which, I mean, Texas, I've never seen Texas this green, not this time of year.

Oh, my gosh, it's lush. It's beautiful here.

PAT: Yeah.

GLENN: Yesterday, I was down -- downtown in a place called Highland Park.

And I saw all these green ribbons around the tree.

And my first reaction was, yellow ribbon.

Who is?

And then my next reaction was like, all right. What does the green ribbon mean? And then I realized, oh, this is for all the loss of life here in Florida, in the last flood.

And J.P. Decker is with us now, who is -- runs Mercury One. And, hey, J., welcome.

J.P.: Thank you, it's good to be here.

GLENN: First time, J.P. ever -- we've known each other how long?

J.P.: Fourteen, fifteen years. Something like that. Low number there.

GLENN: Yeah, I know. I lose track of time. But you -- for the very first time, you wrote to me, on day one, and I said, what's happening with the floods?

And you said, we're just staying out of the way. What?

For the first time ever, since Mercury One has been doing this. He said, the state has this so buttoned up, we just want to stay out of the way.

So we were just feeding people.

J.P.: Yeah. We were working with our partners. We didn't want to get in the way of search-and-rescue.

As you were saying, the loss of life on this one, it was horrific. To see what these kids went through.

GLENN: Do you know what the loss of life was, Pat? Off the top of your head?
PAT: Last I saw was 129.

J.P.: Yeah, I think it's about 130, 140 now. And they're still missing...

PAT: Still missing over 100. 150.

J.P.: Over 100. It's horrific.

GLENN: It's horrific.

J.P.: And they just had flooding again, so that means everything moves down more.

That first week. We took a week, when it came down. Because we wanted to stay out of the way. There were too many people, with the loss of life. And the search-and-rescue.

GLENN: Is this our footage?

J.P.: This is some of the drone footage. What's amazing about this, that's not even the river. That's right next to the river.

GLENN: This was a runoff?

J.P.: Yeah. This is a runoff. What's interesting though, walking through this area, there's just regular locals. And probably people from all around Texas, just searching.

I mean, they brought their own shovels. They brought their own pickaxes. They're just trying to help --

GLENN: How do you search and stuff like -- you're washed down. And you were probably. I mean, bodies would be swept up in the logs.

J.P.: Yeah. Yeah.

GLENN: Silt.

J.P.: There's search-and-rescue teams from all over the country. And that's, again, we saw that in North Carolina.

GLENN: Look at that. If you happen to be watching on the Blaze, it's -- I mean, this is footage that Mercury One just brought back. And is that the runoff, or is that the river?

J.P.: That is the river right there.

And right in that area, we are helping the little town because there were about 26 homes that were hit pretty hard by it. So we're helping that area provide, you know, the sheetrock and everything they need to kind of rebuild. But the day before we were in that neighborhood, about 200 yards away, they found two adults and a little 9-month-old.

PAT: Oh, jeez.

J.P.: And that's a week after that.

PAT: There's still 101 people missing. 132 confirmed dead and 101 missing. This is unbelievable.

J.P.: It's horrific.

And it's interesting, just talking with some of the locals, about what they're going through. And almost everyone said, we're Texans. We will get through it. And then when you -- we talked to all of our partners. And they said, this is unlike any disaster we've ever seen. Some of them have been doing it for 15, 20 years.

They said, the response from the administration helped us to be able to help them long-term.

And --

GLENN: You mean administration.

The state --

J.P.: The state and federal.

Because they sent the National Guard. But also the Coast Guard. The Coast Guard got there within no time.

We saw the story about the diver.

It's cool to see when administrations do the job. But we as Mercury One.

You know, we as Mercury One.

We always challenge. We were there, talking with people.

Last week, we kind of said, hey. We will need -- we challenged our donors, a million dollars.

When we say that, our people know, that we do not take admin costs.

It's not saying, hey, help us keep the lights on. To help people.

It's literally a million dollars to help people in the hill country.

As soon as we got to the hill country, we got a text from our team saying, within 48 hours, the donors raised a million dollars. And usually with that, we do have to pay credit card fees. But the donors chose to pay $25,000 of fees to go help these people. And I think that alone tells you, one, how amazing our donors are, but how amazing your listeners are. Because they believe and they trust what we're doing with the funds.

GLENN: I have to tell you, J.P., I am so proud of Mercury One.

And I'm so proud of what you have created. It's -- I mean, you were there, and you are the first in, the last out, every time.

J.P.: Yep.

GLENN: And it's just so good.

J.P.: It's so good to see -- to have a nonprofit where you can honestly say, we're going to help you. And we will be there.

And unfortunately, we kept hearing, as soon as the president left, which so glad he was there.

And a lot of the NGOs left. And as soon as the cameras left, they left. And so we kept hearing this from all of our partners.

And thank God, when we choose a partner, we go through a long dating period, and we make sure that they are vetted and taken care of.

But they're staying. We're staying for a long time.

I mean, I just got an update this morning. We're up to almost 150 homes, rebuilt in North Carolina. Our goal is 400 over the next two years.
And 100 percent of the funds that came in last year, go to help those people. And it's just so --

GLENN: Do we have the money for 400 houses?

J.P.: Because of the donors last year, we're very close to being able to cover all of it. So same thing with North Texas.

We will be there for a long time, helping to rebuild these homes. Even though, you're in the main area, the main town.

You see people kind of going about their business, going to a local store, buying some plants. But then you go right around the corner, and the destruction starts. And so the difference with North Carolina, the infrastructure was gone. And no one was coming in to help them.

Here, there's power in the buildings. The businesses are being run. It's the loss of life, and homes that are gone. There are so many mobile homes that are just destroyed. We talked to one mom that lost her husband.

And she and her kids are just living on a couch. So we're helping provide hotel rooms. We're also looking at helping to pay for the funerals of some of these kids. And some of these families.

Because they don't have the funds for it.

And, again, we're seeing that most people did not have flood insurance, in this area. And insurance companies have already denied a couple of people, that we've reached out to, which amazingly they responded that fast. And we're going to help.
We are going to help rebuild.

Because we want this area to be the hill country again. We don't want it to be anything else.
We don't want people to come in and take over the land, like we've seen some of that in Lahaina.

GLENN: You see that now in Los Angeles.

J.P.: Oh, Los Angeles is a nightmare.

GLENN: Oh, yeah, it's the state and city coming in.

And we told you that is going to happen.

That is your plan. That is a plan that was on the books.

PAT: Low-income housing in Pacific Palisades.

GLENN: Yeah, no, no, no.

But they're also -- they're also buying it up and preserving now, like exactly what they were doing in Lahaina. We said that was going to happen.

And we were like, we can't live there anymore.

J.P.: We need to build like a green space to make sure it's really taken care of.

GLENN: Wow.

J.P.: But we helped in Los Angeles as well.

With generators to the local churches. And we're helping, because of what some of our donors did, rebuild some of those local churches, that were destroyed. And no insurance.

And not to say, no one is going to help them.

It's just, there's so many little stories, that we can tell for generations about what Mercury One has done.

GLENN: It's really an amazing thing.

And, you know, I'm amazed at how well the money is managed.

And how far you guys make this money go.

It is really remarkable.

J.P.: Takes an amazing team.

GLENN: Yeah. And I know we have some announcements coming.

And I'm really excited.

J.P.: Me too.

GLENN: Next year will be a really exciting year for Mercury One.

Thank you.

J.P.: Thank you.

GLENN: If you want to get involved, all you have to do is go to MercuryOne.org.

MercuryOne.org.

When there's a disaster, we're there.

And I will tell you, I don't know if either one of you know why I say, 100 percent goes -- when we raise something like this, it goes to whatever it is we're talking about.

You want to raise something. You want to give something now to Texas.

You go to the website.

And say, I want to help this disaster.

And it 100 percent goes there.

Do you know why that is?

To an what happened?

What gave me this idea years ago?

It was right after 911.

And it was a year after.

And remember all of the fundraisers of the Red Cross did.

St. Paul of these big shows.

And we raised all this money.

And I find out about a year later, that they spent I can't remember.

It was -- it was just around a million dollars, I think.

On a new phone system.

PAT: I remember that.

GLENN: You remember that? It was the Red Cross.

And I lost my mind.

Like, you're kidding me, right?

We stood in line, to give blood.

We gave money. We wanted to make sure it was going to the firefighters.

It was going to rebuild, whatever.

And you bought a new phone system with that money.

And it drove me out of my mind.

And I said, if I ever started a charity.

Actually, it wasn't even that.

It was, I want to find the charity that will guarantee me, that none of that crap comes out of the money I'm giving.

I'm not giving so you can get a new phone system. Raise that another way.

J.P.: It's still hard to find that kind of a nonprofit.

PAT: Oh, really hard. And anybody who does over 60 percent, is usually unusual. If 60 percent of your donation goes to where you intend for it to go and then 40 percent administration, that's unusual.

GLENN: Well, everything that we raise, right?

Can we say this? Right? Everything that we raise, when it is earmarked. We have a general fund. And we mark that clearly. That this is to keep the lights on.

But that's why we usually do these fundraisers. But everything -- everything goes right directly to the source.

PAT: Yeah.

GLENN: That's unheard of.

PAT: It's incredible.

GLENN: Thank you. Appreciate it.
It's MercuryOne.org. MercuryOne.org. And thank you, as an audience, you amaze me. You truly amaze me.

You give me so much hope.

That there are -- there's good, profound -- profound good left in this country.

And every day -- you know, I don't open up the mail and see the checks.

I do get a report, you know, every quarter when the board meets. And I see, it's not coming in, in -- you know, 100,000-dollar chunks. It's coming in, in ten, 20, 50, 100 dollar chunks.

People who are just -- they don't have the money to give big.

It's just so many people, just doing what they can. And I wish I could share -- I wish I could share that hope with you. I wish you could see what I see from my vantage point. It's remarkable what this audience really is.

Has Elon Musk Gone TOO FAR with Insane New 'GROK 4' AI System?

Elon Musk's new Grok 4 Artificial Intelligence has again accelerated the technological arms race which may soon become beyond our control. Glenn Beck breaks down what’s coming in the next year with AI, which even Elon Musk called “terrifying.”

Transcript

Below is a rush transcript that may contain errors

GLENN: Last night, Elon Musk is touting this -- this AI.

And all of the solutions.

And then he says.

Hmm. Probably three times.

Something like this.

And I'm quoting. This is one of them.

It's somewhat unnerving to have created intelligence that's greater than our own.

He then goes on to call it terrifying, twice.

Now, this is a man who has launched rockets, you know, into orbit.

Going to Mars.

And he says, twice!

You know, after he sees the results of it. He says, you know, it's really -- in a way, quite terrifying to see what it's doing.

But we just have to make sure that it remains good!

Oh, okay.

All right. Sure.

Now, the key point in the announcement was the mention of ARC-AGI.

I had never heard of ARC-AGI. I had no idea what it was. But I noticed AGI. And I went, uh-oh. That sounds important. So this is the gold standard. The bench mark testing for artificial general intelligence.

Okay.

As I've said before, AGI. Artificial General Intelligence is a machine that matches all human cognition, across all domains.

Reasoning, creativity.

Problem solving. Not just specialized tasks like playing Go or analyzing x-rays. Everything. For instance, Musk said by mid-next year to the latest end of next year, it will be able to create a full length movie, just from a text prompt.
And do it all at once!

So, in other words, it will say, create a movie, and you just explain the Godfather.

It will do the casting. It will do the writing. It will do the filming, if you will. It will -- score the music, and it will happen that fast.

Almost in realtime. We are nowhere near the computational power now, to do that separately.

But this will do it all at once. It will make a movie with all of it, simultaneously.

So the arc AGI system is the benchmark on how close we are to AGI. Remember, scary things happen at AGI.

Terrifying things happen at ASI. ASI could be a matter of hours, or days after we hit AGI.

Grok 4 scored 16.2 percent on the ARC-AGI scale.

Why is that important? You're like, well, only 16 percent away.

Because last time, it barely broke 8 percent.

And that -- they took that test, last time with Grok three.

And it took us forever to get to 8 percent.

Now, what is it? A year later.

We're at 16 percent. Remember, these things are not linear. The next time, we could be at 32, we might be at 64.

We are on the verge. This is the last year of -- I can't believe I'm saying this. Of normalcy. Okay?

This year is -- we're going to look back at this year, probably two years ago, gosh, remember the good old days, when everything was normal.

And you could understand everything.

This is how close we are!

Everything you and I talked about last night, Stu, about what we're doing in January, make -- put -- does it make it even more critical that that happens like, oh, I don't know.

Right now.

STU: Yeah. For sure.

GLENN: You are going to need to know your values, your ethics, your rights.

You are going to need to know absolutely everything.

Now, Grok 4 is not true AGI yet.

It lacks the full autonomy and the generalized reasoning of a human mind. But it is the closest that we've come.

It's a system that can adapt, innovate, at a level that outpaces specialized AIs by a wide margin.

This is a milestone. This is not a destination, but it's something that should jolt everybody awake. So here's what's coming over the next six months. By December 2025, that's this Christmas!

December 2025, he believes, Musk, that Grok 4, will drive breakthroughs in material sciences.

So, in other words, imagine a new -- brand-new alloy, that is lighter than aluminum. Stronger than steel.

And it revolutionizes aerospace and everything else, or a drug that halts Alzheimer's progression, tailored to a person's DNA.

Grok will drive breakthroughs through material science. So brand-new materials that nobody has ever thought of.

Pharmaceuticals that we never thought could be made.

And chemical engineering, putting together chemicals that no man has ever thought.

That's going for happen by December.

Imagine a chemical compound that makes carbon capture, economically viable. The climate change stuff, that's over.

It will be over.

Because this will solve that! These are not fantasies.

This is Grok 4.

Musk said something that he never thought. He believes that within the next year, by 2027, Grok 4 will uncover new physical laws.

So that will rewrite the understanding -- our understanding of the entire universe.

That there will come -- like there's gravity. Hey, you know what, there's another law here that you never thought of. Wait. What?

That, he says, will come by 2027. This is going to accelerate human discovery, at an unprecedented scale.

I told you, at some point. I said, by 2030. It might be a little earlier than that.

Things will be happening at such a fast rate, you won't be able to keep up with them.

And it will accelerate to the point to where you won't even understand what all of this means.

Or what the ramifications are!

Are you there yet?