RADIO

Glenn: Economy is like the TITANIC. Time to get on a lifeboat.

Glenn says our economy today is like the Titanic — saving it before massive destruction is done might not be an option any longer. And, unfortunately, financial expert and author of ‘The War On Small Business,’ Carol Roth, agrees. She tells Glenn what SHE would do differently if she was running the Federal Reserve: ’I [would] slow the Titanic down so we can get people into the lifeboats.’

Transcript

Below is a rush transcript that may contain errors

GLENN: Carol Roth is in town. We have a -- kind of a financial kind of meeting. Or something today.

And you're in town for that. And welcome as always, Carol.

CAROL: Thanks, it's fun to be in studio, with you.

GLENN: So, Carol, I just said to Senator Johnson from Wisconsin.

That I feel like we're on the Titanic, and now we've hit the iceberg at full speed. And I'm looking for a band to stop playing so people can go, oh, wait. What just happened? And it's time to get into the lifeboats. Because this thing -- we have to save what we can. And the people we can. Because we're going to have a lot of rebuilding to do.

CAROL: Yeah. And it's the people who put us on course to hit the iceberg.

GLENN: Wait. Wait. You don't agree with my analogy, do you?

CAROL: No. I do agree. I'm very, very sorry. I know, you want me to tell you that everything is going to be okay.

GLENN: Yeah. Blame the iceberg, we haven't --

CAROL: We'll be on a mega yacht, instead of the Titanic. But it's just not the case. It is these people who said, no. That iceberg is not there. No. We can totally maneuver our way around it. These are the people who say, no, no, no. Yeah. So it was there. And maybe we hit it.

But, you know, that was some other reason. It wasn't actually there when we saw it. But now we've got all these great ideas on how to fix the economy.

GLENN: Oh, my gosh. And none of them are good ideas. Let me ask you this. Let's say you're the head of the Treasury. Or head of the fed.

CAROL: Lord, help everyone. But yes.

GLENN: I think we would be better off.

CAROL: Oh, you would be. You would be.

GLENN: Even if it was just me. It would be like --

CAROL: Some guy off the street.

GLENN: Anybody off the street. You, I don't know what your name is, you're now the head of the fed.

If you were the head of the fed, this is the iceberg part, how do you stop this from going down?

Aren't -- because you have to raise interest rates, traditionally, to pull money back in. But these interest rates would have to be 30 percent easy. Don't you agree, to pull this kind of money back in? We were at 20 at Jimmy Carter.

CAROL: Yeah, we'll get to that in a second. First of all, if I were fed chair, I would blow up the fed powers. And say, we're going to put myself out of a job, at some point in time. But in terms of the problem at hand --

GLENN: So wait. Wait. Let me get this. So the audience understands. To suck -- inflation goes down, when you suck money back out of the system.

That's the theory. And that's the way it always works. Hang on. I know what you're thinking. And the other problem is, you can only make interest rates, go so high, before it sucks the money out, that is needed to run the economy.

So a half the country is saying, we have to our interest rates. Other half of the country, is saying, no. We have to lower the interest rates. I don't know what to do. Except just freeze.

CAROL: So let me put this in layman's terms. You're talking about this battle between inflation and putting us into a very deep recession. Not that we're not already in a recession. Which some of the people like to pretend that we're not. But a very deep recession. And some of those things are at odds with each other.

GLENN: Borderline depression. I mean depression is really kind of defined by the unemployment being very, very high. Over 25 percent.

CAROL: And duration. The length of -- how deep and how long this goes. But there's another factor in here, which is because we are the world's reserve currency, it's something called the Triffin dilemma. So not only are we domestically at odds, inflation versus recession.

But on a global -- from a global standpoint, you're at odds. Do you make decisions for the benefit of the US? Which I'm not sure that we can. But let's just pretend that maybe we can.

Or for the world. Because the world is on the precipice of a massive global recession, that could do cause all kinds of very reverberations here.

So this is the massive puzzle that the central planners, again, have created. Because they thought, okay. We can figure this out. But they don't realize, they're not smart enough to figure out all these parts. So as fed chair, I need to slow the Titanic down, so we can get people -- we talked about online, into the lifeboats, versus not crashing into the iceberg. Because that's not possible at this point in time.

GLENN: It's not possible to save the Titanic?

CAROL: I personally don't think that's possible. Everybody is like, oh, there's a very narrow path. The path is as narrow as one of my hairs. There's no narrow path, so let's just be honest about it.

GLENN: Right. The time to do something was really before 2008. Once we went down the path of bailing everybody out, this is the inevitable outcome. And everybody at the fed and all the experts and all the banking people, said, no, no, no. You don't understand. And I kept saying to them, hmm. I do understand. I don't think you're either telling the truth to yourself, or you're -- you're -- or you're just a crazy man. Because they're -- you can't do this, at the numbers that we're doing it.

CAROL: Yeah. And the thing is, that not only have they not done what they did then. They shouldn't have kept in place, for as long as they have. And they shouldn't have doubled down. That's the problem. Is we keep having these opportunities. Yes, we've made mistakes, and we're going to change course. But instead, everyone goes, no, I think this is fine. We're going to continue to march down. Or I'm not seeing the problem in the way that other people are anticipating it. So since you're not recognizing it, we have some more room to just continue on, until they wake up, and realize, it's a problem. Once you wake up and realize that the problem is there, then it becomes too late. And we're in the situation that we're in today.

GLENN: So Monday, I did a monologue on Credit Suisse, and I said, you're going to see in two years. Because the fed doesn't have to tell you anything in two years. But I guarantee you, we're sending over our money over to Credit Suisse right now, to do basically what we did in 2008. Save the baggage that's too big to fail. Well, I don't know why they released this information. But last night, I'm reading, we sent three -- billion? How much did we say?

CAROL: I don't know, but I doubt it was 3 trillion.

GLENN: Yeah. I'll look that up. Could you look that up?

STU: 3 trillion --

CAROL: That would be bad.

GLENN: It's a staggering -- it's a staggering amount.

CAROL: Let me tell you why they did that: Is because the Suisse National Bank said that Credit Suisse is a systemically important bank. So, of course, they are too big to fail. You know, we can't bail out the little guys. We have to make sure the big cronies are taken care of. So, of course, somebody was going to come to the rescue. And when you say somebody, it's always the US. And it's not the US. It's you and you and you. It's literally us because it's our money, or the printing money, which devalues our money.

GLENN: So isn't Europe now in the place, or soon to be in the place that we were at in 2008?

CAROL: So it's for a different reason.

GLENN: Right. Right. Right. Right.

CAROL: But, again, this goes back to the fed. So let's tie this back in a little bow. Because we have a dollar that is strong against other currencies. It's not strong when you go to the grocery store.

But it's strong against these other currencies out there. I like to call it the skinniest kid at fat camp.

It's not great, but it's the best out of all of them. And because of the energy situation, that they've all created.

They're dependent on importing energy. Energy, and to some extent, food is priced in dollars, which means that these countries need to access dollars in order to pay for these things. So they only have so many choices.

It means they either continue to devalue their currency. They're going too have to spend more and more of their currency to buy dollars. Or they sell dollar denominated assets like treasuries, in order to get the dollars to pay. So this is a vicious cycle, when they do that. Then the yields go up. The dollar strengthens, and we end up in this crazy cycle again. And this is why it's so complicated, the fed's decision isn't just inflation versus, you know, a deeper recession here in the US. It's literally, potentially creating a global currency crisis. It's potentially creating a liquidity in the Treasury market, and a crisis there. It's potentially, you know, all risk assets, could end up just, you know, being sold in a massive fire sale. I mean, they have to think through all of those implications. And that's why, if I were fed chair right now, where we started this, I would have to pause. Because I don't think that the fed has the tools to combat inflation since their supply-generated anyway. They can't print oil. They can't print labor. They don't have the tools. So all they can do is crash demand, and if they do, they take the whole world down with them.

GLENN: Okay. Well, I think I'm going home now. All right. More in just a second with Carol Roth. By the way, you can get her newsletter and the things that she writes, at Blaze. TheBlaze.com. You'll see a lot of her articles. And at your website, as well.

CarolRoth.com/Glenn. Right?

CAROL: That's actually a new project coming up that you know about. They can sign up to find out about that there. It will help them battle their way back with wealth. So CarolRoth.com/Glenn.

GLENN: So you're going to announce that today?

CAROL: I'm not announcing it. But if they get on that mailing list, they'll be the first one to know.

GLENN: This is a really good thing. All right.

Let me tell you about gold. I actually saw a guy who was traditionally against holding gold. And I don't remember who it was. It was a guy traditionally against it. And he said, now it's really the time. Now is the time. Because all assets, all assets are going to go way down. He predicted. Way down. And even if gold goes dune. It will be like the skinniest kid at fat camp. You know what I mean? And he said, eventually, gold always resets everything. Do you agree with that?

CAROL: Yeah. We can talk about this more. But if you think about what we just said, the fed eventually having to go back to continue printing. The central banks going back to printing. Like we're seeing in the Bank of England. You know, this is a long-term trend. You saw something out of Saudi Arabia. That they're opening a gold refinery. There's a reason for that. So just in terms of the tenor of the global economy, U.S. dollar's reserve currency, and all these machinations going on with it. You know, the one thing that everybody can kind of agree on is gold.

GLENN: You know, it's amazing too, because if you think the government can say, we're just making a different dollar. We're just making a digital dollar. It's going to be completely different. At that point, no one is going to have any credibility. You're going to have to show me what's that worth. Show it to me. There will be no faith in the good name and credit of the United States. Anyway, I want you to call Goldline right now.

They've got a a really good special outgoing. The legal tender bar. This is goodly pieces, I actually helped design this. And they had it made by the Canadian mint. It is little, teeny gold bars that are spendable if you will. You can keep it in your wallet, and you can get wherever you needed to do with those. And it's much more reasonable to use.

Also, if you do this. You can get a free Benjamin Franklin copper round. Free silver mind your business bar. And a free silver Mapleflex bar, which is exactly like the gold bar. That I was telling you about a minute ago. Inventory on these. They sell out quickly. Don't wait. Call 866GOLDLINE. 866GOLDLINE or goldline.com. Ten-second station ID.
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Can you explain one thing?

I saw an article out of Europe. And it said that because there are no investors. Because of ESG.

CAROL: Right.

GLENN: There's no investors in exploring for oil. Et cetera, et cetera.

And the fact that we are headed towards price destruction.

Meaning, nobody can afford to do anything.

So nobody is going to be using gas.

And you're going to be staying home. So the price of gas, is going to fall through the floor, they think. Then the banks will have. Or any investors will have a call, on their investment. And they won't have the money, to be able to do it. So a they're stuck in this same kind of trap. Where it's this vicious circle. Is that true? Is that right?

CAROL: So there is a case to be made, that, you know, as we -- kind of go into a global recession.

Like a very deep global recession that there will be demand destruction.

But you have to remember, that we just had OPEC plus, decide to cut production to a million barrels per day. So -- and, you know, China is still kind of getting back and running. You know, in terms of capacity. So I don't think that oil and gas are going to go back up to the levels that, you know, perhaps we saw earlier this year. But the idea that it's all going to come crashing down. Yes.

Europe is stockpiled on gas. But it's a three-month stockpile. Like, what happens after that? This issue that we have with energy. This isn't like a month-long, or winter long issue. And all of a sudden, we're going to come out the other side, and everything is going to be roses.

There's massive underinvestment that will affect us for years.

GLENN: So it's not just that you can turn this spigot back on. You know, I know, when you think of these big oil rigs, that are out in the middle of the gulf. Those things are made here. A lot of them.

But they have specialized parts that like, one company makes. Those things are on leases for ten years, at least.

So if it pulls up here, and goes some other place, South America. That's leased. And you don't just build an oil rig like that, overnight.

We're talking years of restarting.

CAROL: This sounds really familiar. It sounds like in 2020, when a bunch of people said, wait. You can't just turn on a third of the economy. And turn it back on whenever you want. And there's going to be absolutely no dislocation. Huh. That's weird. It's the same thing here. You're losing -- the parts manufacture. You're losing, in the case of nuclear -- knowledge base. You know, specialized expertise. You cannot just flip the switch back on. And there's no meaningful, sort of rush towards investment. Because all these companies believe that, you know, whoever the next regime is, even if there's a friendly one in between. That they're just going to double down on these bad policies. So why would they make a ten-year, a 15-year, multi-billion dollar investment. When people are coming out and saying, we're coming after you. You know, show me the incentive. I will show you the outcome, that's Charlie Munger. And it's for every single thing. In terms of energy, this is not just the next few months. This is a multi -- multi year disaster, with massive human suffering. I mean, we're talking about already in Europe. Just the implications, not just on heating your homes. But on the food sector. Bakeries. Dairy.

Companies that massively use energy. They're not able to produce, at the levels, that they could, because the energy --

GLENN: Farms.

CAROL: Yeah. Fertilizer. This is what happened to Sri Lanka, right?

GLENN: This is craziness. It is craziness. There is such a -- and I can only -- you know, it's Malthusian.

You have to hate humankind, to go down this road. Because it's so clear, what the ramifications are.

And if you stop right now, and you go, okay. Okay. Okay. Okay.

All right. I got it. That's one thing. But to stay singly focused on this, and continue, while people are going to face starvation and freezing to death, there's something deeply, deeply wrong with you.

CAROL: So we've talked about this. This is what the fed did. They stayed with that myopia. Same thing with covid. Now we have it with energy.

RADIO

Cabinet Wins, DOGE Audits, Tariffs: Trump's Third Week Has Been WILD!

It's only been 3 weeks of Donald Trump's second presidency and A LOT has changed! Glenn reviews some of the biggest wins that we've seen in the past few days: RFK Jr. and Tulsi Gabbard were confirmed as members of Trump's cabinet, Kash Patel is one step closer to being FBI Director, Trump has called for “fair and reciprocal” tariffs on US trade partners, DOGE is preparing to audit the IRS, and the list goes on!

Transcript

Below is a rush transcript that may contain errors

GLENN: Let's see what the president has been up to in the last 24 hours.

Does this guy sleep? What's Melania doing for Valentine's Day today?

STU: One thing. When he's the president of the United States, is he thinking about that type of thing?

GLENN: No. He has people think about it. People who have people.

STU: Uh-huh.

GLENN: Yeah, people who have people. Usually, maybe like, maybe his son. Like, Dad. Maybe you should carve out a couple of hours tonight.

Oh, crap. I didn't even. You're president. I think I can make a few calls.

STU: I feel like, it's interesting that we just have a president that is awake, like every day. He seems to wake up. We see him places. Have you noticed this? I don't know if you've noticed this at all. But current president of the United States, we see him out doing things. Isn't that weird?

I feel like it's weird.

I don't know about this system we have, where the president is awake every day. It's changing our traditions, Glenn. I'm concerned about it.

GLENN: It is. It is. Well, Barack knows. We have to change our --

STU: That's true. Trump has kind of dropped the hammer on the rest of the world with tariffs. And I kind of like this tariff. Whatever they charge us, we're going to charge them.

STU: Reciprocal tariffs.

GLENN: Reciprocal tariffs. That's fair. We're not going to charge you -- I mean, maybe China would.

But we will not charge you more than you charge us. You charge us something. We'll charge you.

I think that's good!

STU: Yeah, it's interesting. It certainly seems fair. Right? Like, don't fire up.

Because the rest of the world loves tariffs. They love tariffs more than we love tariffs, even though we --

GLENN: I don't love tariffs.

STU: I don't love them at all.

Trump does love them. We've talked to him even in private conversations. By the way, in case you're wondering, is he just saying this just for the cameras? No. He really loves them. He loves tariffs. I don't agree with him on that policy. Though, he's used it to great effect recently.

That being said, I mean, if someone started charging you 100 percent tariff on a particular item, picking that same item and putting a tariff, 175 percent, certainly is fair. Now, of course, the reason we import things typically is because we don't have them here.

GLENN: Right! But not necessarily, like cars. Cars. Europe charges us a 10 percent tariff to send a Ford over.

And they charge -- we charge them 2 percent to send a Mercedes. I mean, what's fair about that?

STU: Now, again, one of the things that's fair about that. Is it's not paying an extra 8 percent on a car. We get a benefit of that, as a consumer.

That if we want to buy a European car, we will pay a little bit less and now we'll pay a little bit more. So there is a penalty to that.

However, it is certainly fair. The word "fair," I think applies when it comes to nation-to-nation relation.

And one of the things we've liked about having these lower tariffs on our side is getting lower prices for our consumers.

GLENN: Correct.

STU: And so they're -- and as Trump has discussed, he's been very up front with us. There will be pain with these policies. But long-term, we think it's worth it.

And that's really where the rubber meets the road.

GLENN: Okay. So now, everybody is very, very upset about Donald Trump signing off on DOGE and the audit of the IRS.

Now, I do have to question your sanity when you're against the audit of the IRS.

STU: You seem to be for audits. You can't audit them?

GLENN: Yeah. Who do you have to be, to be against an audit of the IRS, and bring every single receipt you have! I want to see every receipt. Oh, I want to help them.

STU: By the way, Glenn, I work with you.

GLENN: Uh-huh.

STU: My job is -- and for multiple decades now, has to be -- become closely associated with Glenn Beck.

GLENN: Yeah, it's good.

STU: Oh, the perks. The benefits. Oh, gosh, I can't even count them!

GLENN: Yeah. Hmm.

STU: Yet, somehow, I made it through the entire Barack Obama administration. And the entire Joe Biden administration.

GLENN: Yeah!

STU: Without getting audited.

GLENN: Yeah. Not me.

STU: No. I know. I remember. And yet what about happens two weeks ago? I get a letter with the IRS, with Trump in office. That I'm getting audited.

And I don't know if this is just a parting gift from the Biden administration. How is that happening?

GLENN: That's what I'm saying. Thank God somebody noticed your shadiness. Somebody finally noticed. He's very shady. He's very shady.

You know, the good thing is, both of us stay -- to our accountants, we always say the same thing. Anybody who is preparing our taxes. Stay way away from the line.

STU: Yes. 100 percent.

GLENN: When in doubt, leave it out.

STU: Still, it's incredibly frustrating. We were talking to Alan Dershowitz, I have every single book -- everything -- yeah. Sure. Somewhere, I have every receipt from 2022. I'm sure.

But, I mean, the -- this is this relationship that we have with the government, that is this adversarial torture fest, that we pay for every year. Oh, gosh. I can't wait to pay by taxes.

Maybe I'll get a refund. Maybe they'll give me some of the money that is mine, back to me, multiple months later.

GLENN: I believe that's actually what happened to me.

I believe they owed me money.

STU: After the audit. Yeah.

GLENN: I stayed away from the line.

STU: That's what you have to be.

GLENN: You know, jail time does not sound good to me. In any way, shape or form.

STU: The wrong IRS agent, that doesn't like your show, happens to be doing it, well, guess what happens? They push it beyond the limits of normalcy. So the good senator and common sense-filled senator from Oregon, Ron Wyden said, this means Musk's henchmen are in a position to dig through a trove of data about every taxpayer in America.

Wait. What? You mean like the IRS does?
(laughter)

STU: What core of government function are you guys talking about?

GLENN: No, what's up with that? And it could be the very reason behind possible delays, in people receiving their tax refunds for 2024.

What a scare tactic.

STU: Hmm.

GLENN: These guys are so freaked out about Donald Trump. I mean, you know, the one thing that happened yesterday, that everybody should recognize. Mitch McConnell was alone. He was alone.

STU: That's huge.

GLENN: That's gigantic.

STU: On two votes. Tulsi and RFK!

GLENN: I know. I know.

STU: And before this, if McConnell said, hey, this is where I'm going, he would always have a bunch of buddies that would come with him. His closest friends. It would always do that.

GLENN: It's weird, you cut off the money, and things change.

STU: Yeah, he no longer has the leadership. He no longer has control of that cash. All of a sudden, he's a lonesome dove.

GLENN: Yeah!

So let me just ask -- I want to ask, are you tired of winning? Let me just give you the winning streak so far number Congress. Marco Rubio, voted to be confirmed, 99 to zero. Secretary of the Treasury Scott Bessent, confirmed, 68 to 29.

Secretary of the Interior Doug Burgum, seventy-nine to 18. Brook Rollins, Secretary of Agriculture, 72 to 28.

Secretary of Transportation Sean Duffy, seventy-seven to 22. Pam Bondi, 54 to 46. Secretary of Housing and Urban Development Scott Turner, 55 to 44.

Secretary of Energy Chris Wright, 59 to 38. Doug Collins Veterans Affairs, seventy-seven to 23. Kristi Noem.

Secretary of Homeland Security, 59 to 34. Lee Zeldin became the EPA administrator 56 by 42.

I have to tell you, Lee Zeldin, there's some stuff he did yesterday, that you're like, holy cow.

STU: Yeah, I have high hopes for the him. He's off to a very good start.

GLENN: Yeah, Russ Vought, who I just absolutely love. Director Office Management and Budget. He's done a lot of incredible things this week. 53 to 47.

John Ratcliff, confirmed as CIA director, 74 to 25. Tulsi Gabbard and RFK were confirmed yesterday. You have Kash Patel who got out of the committee and is going to be voted on early next week. And, of course, you have Pete Hegseth. I mean, and Mitch McConnell, standing there alone, all day yesterday.

This is good. Now, the president did a couple of other things yesterday, that are ground-breaking. But we need to make sure Congress passes all of these things as laws.

And they're not just executive order.

And that's going to require us to keep the heat on Congress. And they're working on the budget.

Congress just put together their budget for next year.

The Senate is squealing like stuck little pigs.

But we need to get them to pass in one bill. And you're going to get some crap in that one bill, I'm sure. But you have -- you really have a hard time, going to get two bills through on reconciliation.

So we need it in one bill.

RADIO

Elon Musk is NOT a Threat to "Democracy." He's a Threat to Bureaucracy

Elon Musk and DOGE are not threats to "democracy," like Democrats are complaining. They're threats to the bureaucracy that has taken over the government our Constitution established. Glenn explains how this all originated with Woodrow Wilson, who dreamed of "freeing" the government from the "chains" of the Constitution and replacing it with a government of "experts" and administrators. That's where the shadow government began and that's what Trump and DOGE are "destroying."

Transcript

Below is a rush transcript that may contain errors

GLENN: Elon Musk said, that we're not living in a democracy, we're living in a bureaucracy.

When he said that, my response was, yes. Now, I don't know if you know who Elon. I don't know if you know who Woodrow Wilson is.

But, yes!

Living under a bureaucracy, that's the point. Let me give you the quote, the history of liberty is a history of resistance.

The history of liberty is a history of limitation of governmental power, not the increase of it. Who said that?

Sounds like a guy who understands and values freedom. Somebody who understands the delicate balance of power, between the individual and the state. Right?

But the guy who said that, was the 28th president of the United States, Woodrow Wilson.

Now, does that sound like somebody that we know, maybe on the left, that is now saying things like, we've got to save democracy? We've got to save democracy?

He's killing democracy, by cutting the bureaucracy.

Wilson was exactly the same kind of politician. Except, he was the grandfather of all of this.

He was the architect of a vision, where government would no longer be confined by the rules, the outdated rules. And the chains of the Constitution.

He was the guy who said the Declaration of Independence needed to be cast aside, because it's an outdated relic. He was the guy that wanted you not to be governed by the laws of nature. And nature's God. But by an elite ruling class of scientists, experts, bureaucrats.

That's -- that's what he wanted.

Isn't that what we have right now? We're not -- we don't elect the president. You elect the president and nothing changes. Why?

Not just because both parties are alike. But because the bureaucracy is set in stone!

It's a ruling class, of scientists, experts, and bureaucrats. Wilson believed that the government was no longer the machine of our Founding Fathers, that needed to be shackled and restrained.

He thought government should be a living organism, an evolving entity, free from the so-called outdated principles of 1776. This is where we get the Constitution is a living, breathing thing.

No, it's not. No, that's Woodrow Wilson.

He looked at the Constitution. The greatest safeguard of liberty ever written. And didn't see it as a beacon of freedom. He saw it as an obstacle that needed to be overcome. He -- let me paint you this picture.

Imagine, you're sitting in a grand lecture hall. It's early 1900s. Gaslights are flickering. And a young professor steps up to the podium.

He stands at the podium, everybody starts to be quiet. It's all -- you're in the crowd, everybody there is the future rulers of America.

And he starts in to thunderous applause, with something that, I don't know.

Me. It would -- the back of my neck, the hair on the back of my neck would stand up.

He said, quote, the makers of the Constitution constructed the federal government upon a theory of checks and balances. Which was meant to limit the government's power.

And therefore, its ability to govern.

This was a great mistake. The Constitution was founded on the Newtonian theory of the universe.

But we now understand, that the government is not a machine. But a living thing.

It must evolve. It must adapt. And it must be freed from its chains!

End quote.

Freed from its chains. When I read that line, I -- I thought to myself. I thought of setting the monster free in Young Frankenstein.

You're free! You're free! It didn't work out well.

Okay? When you take something that is like fire. Hello, California. And just release it. It is a very bad thing.

Washington said, government is like fire!

It will be the master of you, if you're not the master of it. Are we the master of our government, or is it the master over us?

What do you think happens, when you -- when you have a government, I free it from its chains?

Does it become a benevolent force?

Does it look out for your best interest. Does it even know who you are, let alone answer to you?

Wilson wasn't just a professor. He was a man on a mission.

To change, and this is his words.

To change a man or a boy, to be the most unlike his father, as possible.

Isn't that what our education system is doing?

Wilson believed that we needed to move away from the messy system of self-government.

And have it all placed into the capable hands of an intellectual elite, that he called administrative experts.

So you can see this throughout our whole government. Anthony Fauci.

The law was, that we are not supposed to do gain-of-function research!

We now know, through all kinds of records, that have been released, that Anthony Fauci disagreed with that. And he made the decision, that we were going to do gain-of-function research!

Because it's not up to him, to answer to the people!

He answers -- he's the expert!

He's the administrator. He knows better than the average person. Even if other scientists disagree with him, he is science!

These experts, that are unelected, and unaccountable, Wilson saw this. This is -- these are the people that need to run the country.

Not as representatives of the people. But as scientists, technocrats, bureaucrats, who know better than you do, on how to live your life.

For Wilson, and now you're seeing his finished product, that Trump and Elon Musk are beginning to dismantle. You are now seeing, that his vision was that the American people were not individuals that were given God-give up rights.

They were just parts of a collective. A mass to be organized. To be managed.

To be directed.

He viewed the old principles of liberty and self-determination. Those are relics of an ignorant past.

Things that have to be replaced. By science. And numbers. Cold, efficiency of science and government regulation.

Now, our founders would say, that's all well and good.

We understand that, let's just take you, at face value and say you're honest in that. But what you're forgetting is that men go bad with power and money!

All men can be corrupted.

So it's not that we are putting chains on the government, because government is bad! No. Government is made up of the people that are in it.

And if you don't limit it, if you -- if you allow them to gain more and more power, and more and more money. It will go corrupt.

And it will begin to oppress you.

The government -- the founders weren't anti government. They were anti-out of control large government. Where the people were servants of that government, not the other way around.

Wilson wrote, the Declaration of Independence. That the -- the foundation of our freedoms.

He said, it was outdated.

He called the principles for all practices and purposes in the Declaration, meaningless.

Meaningless is his word.

The words that inspired the American Revolution, the ideas that all men are created equal, that our rights come from God. Not from government. Were to Wilson, irrelevant. And meaningless in the modern world.

Why? Because you're too stupid to understand what's really going on. You're too stupid to be able to manage the affairs, of not only the nation. But the world!

Every time we try to manage a nation, or the world, we go wrong!

Every single time!

He didn't believe you really have a right to property. To speech. To life itself, unless the government allowed it. If that doesn't terrify you, let me tell you something darker than that. Not morality.

Not faith, not the Constitution. But science should be the guiding force of government.

Well, we saw that with COVID. Didn't we?

Follow the science!

What kind of science?

The experiments that Fauci has been doing on animals and everything else. It's -- it's -- it's -- it's Mengele stuff.

It's really evil stuff! Because it has no medical purpose to it at all. The science that Wilson was talking about. Was eugenics.

And that's the same kind of stuff, that just named it something else. But it's the same kind of medicine that we're talking about now.

The kind that kills those who are unfit. Look at what's happening in Canada!

It's the kind of politics that led to policies of forced sterilization.

And racial segregation.

Which he put into practice. He was the guy who reseparated -- resegregated the military.

He segregated the government.

He praised the film, birth of a nation. Which we don't need to be the Klan. He believed in an America where government, led by an enlightened few, would decide who was fit to participate in society, and who wasn't.

Does that sound like America to you at all?

Or does that sound like the birth of something entirely different?

When he left office, it grew!

It took root in Washington, because they figured out, companies could go to Washington and lobby and get their way.

This was the beginning of all of the lobbyists in Washington.

And it -- it just grew. Ever expanding bureaucracy. A shadow government of unelected officials, who now control almost every aspect of your life! From what kind of car you drive. To what you eat.

To what stove you can have in your house. How you can build your house.

His dream was that a government would no longer be by the people. But by the experts.

The people would be managed. Guided. And nudged in the right direction.

So when they're saying that they're destroying democracy, no. They're destroying the bureaucracy, which is the antithesis to our founding documents.

TV

PBD Reacts to Glenn Beck's Prediction the Epstein Files WILL Be Exposed | Glenn TV | Ep 413

Radical transparency IS coming to America, Glenn says, but only if Kash Patel is confirmed to head the FBI. In fact, Glenn makes one of his boldest predictions yet: Kash will release the Epstein client list on his FIRST DAY leading the bureau. On tonight’s episode of "Glenn TV," Glenn is joined by ‪@PBDPodcast‬ host Patrick Bet-David and co-hosts Tom Ellsworth, Adam Sosnick, and Vincent Oshana. They discuss the damning ramifications releasing the Epstein list (or the Diddy list) may have for those who were associated with the island but were not guilty of partaking in criminal activity there — something President Trump expressed concern for before becoming elected. Plus, what will releasing the JFK files do to the CIA? We now know the CIA was in Miami following Lee Harvey Oswald, so why then didn’t the CIA stop him? Public trust in our federal government dropped substantially after the JFK assassination, and it continued to plummet over the next several decades until it hit a new low (14%) under Biden. Can Trump — with the radical transparency Glenn predicts is coming — turn that all around? PBD predicts Trump could increase that number to 50% or even 60%. Democrats see it coming, too. Their meltdowns over the DOGE and Elon Musk ending wasteful spending now are on fully display: “Accountability is here, and they’re panicking.” Lastly, Glenn and the "PBD Podcast" guys discuss how the first assassination attempt against Trump changed him as a person, providing him with both laser focus and an understanding that his job in the White House is much bigger than himself.

RADIO

Trump’s Treasury Secretary SHUTS DOWN Reporter Trying to Attack DOGE

The Biden government hired 80,000 new IRS agents to make sure YOU followed every one of their complicated tax laws. But when President Trump ordered DOGE to audit the government, politicians and the media squealed! That should speak volumes about what their true priorities are, Glenn says. Glenn and Pat review some of the latest pushback from the establishment, including how Democrats are whining about Elon Musk and how a judge tried to block even Treasury Secretary Scott Bessent from accessing Treasury data.

Transcript

Below is a rush transcript that may contain errors

GLENN: You know, it's astonishing how many people have found a very clear common sense voice and a lack of fear.

They seem to be all over this administration.

Stephen Miller is one of them, don't you think, Pat?

PAT: Definitely.

And he was talking about the angry Dems. And had some things to say about them. Deputy chief, Stephen Miller, cut 14.

VOICE: The Democrat use of the term unelected is really quite remarkable here. Donald Trump was elected in an overwhelming landslide.

These are Donald Trump staffers. It's like saying that Mike Walls, National Security adviser is unelected. Or Susan Wiles, the chief of staff is unelected. Or Donald Trump's communication team is unelected.

This is presidential staff that serves at the pleasure and for the president, just as I do. I am a staffer, for the president of the United States. He is elected. He is the one that the American people have chosen to implement his agenda. This is the agenda the American people voted for.

That he is asking his staff. His subordinates. His employees. To implement.

The unelected power in this country is the rogue bureaucracy.

USAID is unelected. The FBI, that persecuted President Trump for eight years, is unelected.

The CIA and those who have laundered intelligence to try to change the foreign policy of the United States are unelected.

President Trump is restoring democracy, by controlling the federal bureaucracy.

There is one man in the country, who is elected bit whole American people, to implement an agenda they support. That is the president.

Every other officer in this country, members of Congress and Senate are elected at the state and local level. The Constitution puts one man in charge of the federal executive branch. And that's the president.

GLENN: Understood. Understood.

PAT: Let him finish.

GLENN: He's absolutely awesome.

And absolutely right.

I mean, that's the thing -- I just don't understand. When they were -- when the federal judge tried to block and did for this weekend.

But it's not going to last long.

Tried to block the secretary of the Treasury

PAT: Yeah.

GLENN: From even looking at the data, that is produced by the Treasury?

PAT: Yeah.

GLENN: Who is running things? My gosh.

PAT: Well, Treasury secretary Scott Bessent was interviewed over the weekend, and he had some things to say about -- just about that!

VOICE: Mr. Secretary, we are inside the cash room in the Treasury department. It's almost impossible to overstate how important the work that's done in the US building. Is the US financial system.

Yet right now, there is widespread concern about the DOGE teams access to sensitive payment systems.

Are you worried at all, that that access and that tinkering of the payment systems, could affect the Treasury's market or cause any disruption.

VOICE: Well, good. Thank you for asking me about that.

Because there's a lot of misinformation out there.

First of all, when you say the DOGE team, these are Treasury employees. Two Treasury employees, one of whom I personally interviewed in his final round. There is no tinkering with the system. They are on read only. They are looking. They can make no changes. It is an operational program to suggest improvements. So we make 1.3 billion payments a year. And this is two employees who are working with a group of long-standing employees.

VOICE: The letter that the treasury department sent earlier this week, talked about how the team currently does not have access to change the system.

Have they, at any point this year, had the ability to make changes?

VOICE: Absolutely not. This is no different than you would have at a private company.
By the way, the ability to change the system, sits at the Federal Reserve.

So it does not even lie in this building. So they can make suggestions on how to change the system, but we don't even run the system.

VOICE: And if they ask her, they request the ability to change the system. Would you grant that?

VOICE: No. Again, they have no ability to change the system.

I have no ability to grant that change. That they can make suggestions. Then it would go to the Federal Reserve. And just like any large system. There would be tests.

There would be this. There would be that.

And then the fed will determine whether these changes are robust or not.

VOICE: As the Secretary of Treasury, you also oversee the IRS.

Do you know what kind of access the team has to IRS data or individual taxpayer data?

VOICE: Well, I'm glad you asked that too.

Because, look, the IRS, the privacy issue is one of the biggest issues. And over the past four years, we've seen a lot of leaks out of there. The IRS systems are quite poor.

When I started in college in 1980, I learned the program. I think, there are 12 different systems at the IRS that still run on COBOL. But as of now, there is no engagement at the IRS.

VOICE: Elon Musk just a few -- half an hour ago, tweeted out that Treasury needs to stop approving certain payments. Has your staff tried to block any payments at the Treasury?

VOICE: We have not.

And I'm glad you asked that too. And just to put it in perspective, Elon and I are completely aligned in terms of cutting waste and increasing accountability and transparency for the American people.

I believe that this DOGE program in my adult life is one of the most important audits of government. Or changes to government structure, we have seen.

That when I was in my 20s, we had the grace report. And there's some great suggestions that came out of that.

Never implemented under Clinton and Gore.

I think it was to government efficiency. Or to reduce government. Nothing happened.

So, you know, President Trump came in. There's a big agenda.

And I think there are gigantic cost savings for the American people here.

And I think it's unfortunate the way the media wants to lampoon what is going on.

PAT: Yes.

GLENN: Thank you.

VOICE: These are highly trained professionals. And this is not some broken band going around doing things. This is methodical, and it is going to yield big savings.

PAT: Jeez. And what's wrong with that? Is there anything wrong with that? I don't think so.

GLENN: Right. Did you hear a nonhostile question coming from the Bloomberg reporter?

PAT: No. A nonhostile? No. But he handled it in a nonhostile way.

He was great, wasn't he?

GLENN: Yeah, very well.

I mean, yeah. And it's a little scary, that the Treasury Secretary can't make any of these decisions, they're all made by the Federal Reserve.

That's a problem, which is why DOGE wants to bring Ron Paul in for an audit of the Fed, which would be fantastic.

PAT: It would be great.

GLENN: Can you imagine what we would find at the Fed now?

PAT: Oh, my gosh. I can't imagine it. And it's the fed with the power to make these changes.

That's amazing too.

That they can't even do it from the Treasury. That's kind of eye-opening.

But I think they need to use that term audit of government more. Because what's wrong with that.

GLENN: Yes. That's why they're going into the Pentagon. The seventh audit failed.

Let me ask you something: You know, she brings up the IRS.

The government hired 80,000 new IRS agents, to go over your records. To make sure nothing -- no funny business is going on with you.

That you're paying every dime that you're supposed to pay. Because there's a shortfall.

No! There's not a shortfall.

They're spending too much. When we go in, and try to send accountants in, to say, how did you spend this money?

The same thing the IRS does to you, every year, they squeal like little pigs.

I don't know.

If -- you know, you went in to the IRS every year with the attitude that the Democrats have.

You would be audited every year. Because somebody, probably rightfully so would go, wait a minute.

Why are you panicking so much. Why are you saying we can't have access to your records?

This is a legal operation. What's happening here?

And it -- it kills me that the media is sticking up for corruption.

Whose side are they on?

PAT: Well, they're on the side of corruption. Because they're benefiting from it.

And that's been the problem for how many decades now?

How many centuries now?

GLENN: I know. I know.

PAT: Have we run the nation in a way that the Founding Fathers intended, since, I don't know. 1830. Probably not.

GLENN: No. So, you know what, I have a copy of the first budget. It was on the front page of a Columbia newspaper from South Carolina.

And it -- it lays out George Washington's budget.

And it actually asks Congress to increase the budget for firewood, because the Capitol was cold.

And they needed extra firewood to keep things warm.

PAT: Uh-huh.

GLENN: And I don't even know if that got passed. I have no idea if that got passed.

PAT: Jeez.

GLENN: But that's the way we should be. Oh, you know what, put a sweater on, Congress. Oh, you're a little cold in there. Put a sweater on.

PAT: Exactly.

GLENN: They're the ones that should be putting the sweater on. Not us. Not us.

PAT: Look how Thomas Jefferson struggled with the Louisiana Purchase.

I mean, we almost didn't do it. Because he thought, it wasn't proper. He thought it was unconstitutional.

But it turned out to be too good a deal, and we did it anyway.

But they had a completely different mindset. You know, the funds that the federal government had, that they got from American taxpayers, whether they pay in excise taxes, or wherever their taxes came from. Those were sacred funds.

And they didn't just throw them out to anybody for any reason.

GLENN: Yes. And look at --

PAT: We've got to get back to that.

GLENN: We can spend a trillion dollars and have it all just vanish on us.

But if Donald Trump says, let's take $2 trillion and buy Greenland.

Everybody would freak out. Which one should you freak out about?

The investment, or the loss?

PAT: Uh-huh.

GLENN: It's -- it's -- it's an unspeakable horror, what is going on. And how the people are reacting to it.

You know, everybody in America should be happy about this.

One other truth speaker. Somebody else who is just very good at saying exactly what he means. And getting right to the truth. Is Hegseth.

Here he is, talking about our strength. Cut 22.

VOICE: I think the single dumbest phrase in military history, is our diversity is our strength.

I think our strength is our unity. Our strength is our shared purpose. Regardless of our background. Regardless of how we grew up. Regardless of our gender. Regardless of our race. In this department, we will treat everyone equally.

We will treat everyone with fairness. We will treat everyone with respect, and we will judge you as an individual by your merit. And by your commitment to the team and the mission.

That's how it has been. That's how it will be.

Any inference otherwise, is meant to divide or create complications, that otherwise should not and do not exist.

GLENN: I've got to tell you. How is that controversial at all?

We're -- you know why they keep teams together.

You go through buds and you keep that team together, because their strength is their unity. You don't send them into war with a bunch of people that are all different with each other. You send them into war that all have different skills, yes.

But are acting as one, with one purpose.